Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
HYG	ISHARES	1,262,946	$116M	9.6%	$91.56	—	IBOXX HI YD ETF	464288513
—	SPDR SERIES TRUST	1,474,557	$58.75M	4.9%	$39.63	—	BRC HGH YLD BD	78464A417
MBI	MBIA INC	4,355,500	$44.56M	3.7%	$5.49	+0.0%	Put	55262C100
—	PIMCO DYNAMIC CR INCOME FD	1,946,242	$43.3M	3.6%	$22.25	—	COM SHS	72202D106
FCX	FREEPORT-MCMORAN COPPER & GO	1,145,100	$37.88M	3.1%	$24.45	+5.0%	Call	35671D857
AGO	ASSURED GUARANTY LTD	2,000,000	$37.5M	3.1%	$17.07	0.0%	Put	G0585R106
—	UNITED STATES STL CORP NEW	1,600,000	$32.94M	2.7%	$17.90	—	Put	912909108
SLM	SLM CORP	1,293,600	$32.21M	2.7%	—	—	Put	78442P106
LEA	LEAR CORP	450,000	$32.21M	2.7%	—	—	Call	521865204
GM	GENERAL MTRS CO	883,721	$31.79M	2.6%	$23.62	+13.2%	COM	37045V100
—	STAPLES INC	2,012,200	$29.48M	2.5%	$15.18	—	Put	855030102
LEA	LEAR CORP	400,000	$28.63M	2.4%	—	—	Put	521865204
GLNG	GOLAR LNG LTD BERMUDA	707,858	$26.66M	2.2%	$26.01	+8.0%	SHS	G9456A100
MTNA 6 01/15/16	ARCELORMITTAL SA LUXEMBOURG	800,000	$17.19M	1.4%	$18.77	—	MAND CV NT 16	L0302D178
—	PIMCO DYNAMIC INCOME FD	577,995	$16.58M	1.4%	$28.69	—	SHS	72201Y101
—	ALCOA INC	2,041,300	$16.57M	1.4%	$7.96	—	Put	013817101
—	DOUBLELINE INCOME SOLUTIONS	739,585	$16.23M	1.3%	$21.95	—	COM	258622109
RDN	RADIAN GROUP INC	1,126,991	$15.7M	1.3%	$11.02	0.0%	COM	750236101
AGG	ISHARES	139,266	$14.93M	1.2%	$107.20	—	CORE TOTUSBD ETF	464287226
—	BLACKROCK MULTI-SECTOR INC T	857,801	$14.3M	1.2%	$16.67	—	COM	09258A107
—	TEEKAY CORPORATION	332,074	$14.2M	1.2%	$40.63	—	COM	Y8564W103
—	BLACKROCK CR ALLCTN INC TR	1,025,683	$13.38M	1.1%	$13.04	—	COM	092508100
—	BARCLAYS BK PLC	219,800	$12.92M	1.1%	—	—	Put	06740C188
SWK	STANLEY BLACK & DECKER INC	137,573	$12.46M	1.0%	$56.98	+10.0%	COM	854502101
AMKR	AMKOR TECHNOLOGY INC	2,886,284	$12.38M	1.0%	$3.95	+1.3%	COM	031652100
MBI	MBIA INC	1,199,000	$12.27M	1.0%	$5.49	+0.0%	COM	55262C100
—	WELLS FARGO ADVANTAGE INCOME COM	1,357,628	$12.22M	1.0%	$9.00	—	SHS	94987B105
—	STAPLES INC	807,360	$11.83M	1.0%	$15.18	—	COM	855030102
DAL	DELTA AIR LINES INC DEL	500,000	$11.79M	1.0%	—	—	Put	247361702
—	FOSTER WHEELER AG	438,764	$11.56M	1.0%	$22.24	—	COM	H27178104
—	ABERDEEN ASIA PACIFIC INCOM	1,898,525	$11.51M	1.0%	$6.06	—	COM	003009107
TMUS	T-MOBILE US INC	431,378	$11.2M	0.9%	$20.07	+17.6%	COM	872590104
GLW	CORNING INC	748,397	$10.92M	0.9%	$10.49	+2.5%	COM	219350105
—	HILLSHIRE BRANDS CO	349,923	$10.76M	0.9%	$32.47	—	COM	432589109
AGO	ASSURED GUARANTY LTD	506,100	$9.489M	0.8%	$17.07	0.0%	COM	G0585R106
—	WESTERN ASSET EMRG MKT DEBT	495,973	$8.898M	0.7%	$17.94	—	COM	95766A101
—	CROSSTEX ENERGY INC	421,883	$8.813M	0.7%	$19.76	—	COM	22765Y104
—	ENCANA CORP	502,300	$8.705M	0.7%	$17.15	—	COM	292505104
—	BLACKROCK DEBT STRAT FD INC	2,138,588	$8.597M	0.7%	$4.02	—	COM	09255R103
—	LEXMARK INTL NEW	250,000	$8.25M	0.7%	$30.49	—	Put	529771107
—	WESTERN ASSET HIGH INCM OPP	1,353,855	$8.083M	0.7%	$5.97	—	COM	95766K109
GLNG	GOLAR LNG LTD BERMUDA	201,800	$7.602M	0.6%	$26.01	+8.0%	Call	G9456A100
MGM	MGM RESORTS INTERNATIONAL	355,265	$7.262M	0.6%	$13.35	+23.2%	COM	552953101
—	ALCOA INC	882,601	$7.167M	0.6%	$7.96	—	COM	013817101
DVN	DEVON ENERGY CORP NEW	122,400	$7.07M	0.6%	$37.00	+3.0%	COM	25179M103
—	HCP INC	171,645	$7.029M	0.6%	$42.82	—	COM	40414L109
—	BLACKROCK CORPOR HI YLD FD V	595,020	$6.997M	0.6%	$11.76	—	COM	09255P107
BPOP	POPULAR INC	261,300	$6.859M	0.6%	$23.74	0.0%	Put	733174700
—	APOLLO TACTICAL INCOME FD IN	400,506	$6.688M	0.6%	$16.70	—	COM	037638103
THC	TENET HEALTHCARE CORP	159,341	$6.563M	0.5%	$43.57	-4.0%	COM NEW	88033G407
—	BLACKROCK CORPOR HIGH YLD FD	879,775	$6.326M	0.5%	$7.19	—	COM	09255L106
HAS	HASBRO INC	133,419	$6.289M	0.5%	$30.22	+3.4%	COM	418056107
ETR	ENTERGY CORP NEW	99,167	$6.266M	0.5%	$20.50	-1.9%	COM	29364G103
—	BLACKROCK CORPOR HI YLD FD V	495,845	$6.01M	0.5%	$12.12	—	COM	09255N102
—	BARCLAYS BK PLC	100,000	$5.88M	0.5%	—	—	Call	06740C188
CYH	COMMUNITY HEALTH SYS INC NEW	140,491	$5.83M	0.5%	$37.05	-4.3%	COM	203668108
—	EATON VANCE LTD DUR INCOME F	368,987	$5.771M	0.5%	$15.64	—	COM	27828H105
KALU	KAISER ALUMINUM CORP	78,096	$5.564M	0.5%	$43.35	+7.7%	COM PAR $0.01	483007704
—	PENNEY J C INC	630,000	$5.557M	0.5%	$10.24	—	COM	708160106
DDS	DILLARDS INC	67,990	$5.324M	0.4%	$59.94	0.0%	CL A	254067101
UHS	UNIVERSAL HLTH SVCS INC	70,400	$5.279M	0.4%	$62.83	+5.7%	CL B	913903100
—	WESTERN ASSET GLB HI INCOME	395,629	$4.886M	0.4%	$12.35	—	COM	95766B109
—	WEATHERFORD INTERNATIONAL LT	315,624	$4.839M	0.4%	$13.70	—	REG SHS	H27013103
WEN	WENDYS CO	564,874	$4.79M	0.4%	$5.79	+29.4%	COM	95058W100
BND	VANGUARD BD INDEX FD INC	59,117	$4.781M	0.4%	$80.87	—	TOTAL BND MRKT	921937835
VCIT	VANGUARD SCOTTSDALE FDS	57,145	$4.767M	0.4%	$83.34	—	INT-TERM CORP	92206C870
—	ALLIANCEBERNSTEIN GBL HGH IN	313,329	$4.709M	0.4%	$15.03	—	COM	01879R106
—	BLACKROCK CORPOR HI YLD III	643,207	$4.695M	0.4%	$7.30	—	COM	09255M104
—	FIRST TR INTER DUR PFD & IN	219,264	$4.681M	0.4%	$21.35	—	COM	33718W103
—	NUVEEN MTG OPPORTUNITY TERM	184,278	$4.378M	0.4%	$23.76	—	COM	670735109
—	BLACKROCK CORE BD TR	336,626	$4.376M	0.4%	$13.00	—	SHS BEN INT	09249E101
HCA	HCA HOLDINGS INC	101,200	$4.326M	0.4%	$35.96	+1.0%	COM	40412C101
—	WESTERN ASSET EMRG MKT INCM	343,921	$4.313M	0.4%	$12.54	—	COM	95766E103
—	BLACKROCK INCOME OPP TRUST I	422,432	$4.182M	0.3%	$9.90	—	COM	092475102
—	MORGAN STANLEY EM MKTS DM DE	294,437	$4.152M	0.3%	$14.10	—	COM	617477104
—	WESTERN ASSET MGD HI INCM FD	727,417	$4.139M	0.3%	$5.69	—	COM	95766L107
CSX	CSX CORP	158,560	$4.081M	0.3%	$6.66	+3.0%	COMP	126408103
—	BROOKFIELD MTG OPP INC FD IN	239,596	$4.061M	0.3%	$16.95	—	COM	112792106
—	ALCOA INC	500,000	$4.06M	0.3%	$7.96	—	Call	013817101
NSC	NORFOLK SOUTHERN CORP	50,200	$3.883M	0.3%	$57.67	-1.2%	COM	655844108
—	WESTERN ASSET HGH YLD DFNDFD	198,897	$3.552M	0.3%	$17.86	—	COM	95768B107
BPOP	POPULAR INC	135,000	$3.541M	0.3%	$23.74	0.0%	COM NEW	733174700
—	BLACKROCK HIGH INCOME SHS	1,641,507	$3.414M	0.3%	$2.08	—	SHS BEN INT	09250E107
USIG	ISHARES	30,571	$3.276M	0.3%	$107.15	—	CREDIT BD ETF	464288620
—	FOREST OIL CORP	534,868	$3.263M	0.3%	$4.09	—	COM PAR $0.01	346091705
ITRI	ITRON INC	74,551	$3.193M	0.3%	$42.64	-4.0%	COM	465741106
VRE	MACK CALI RLTY CORP	142,460	$3.126M	0.3%	$21.94	—	COM	554489104
—	WESTERN ASSET GLOBAL CP DEFI	170,498	$3.033M	0.3%	$17.79	—	COM	95790C107
—	WESTERN ASSET GLB PTNRS INCO	259,288	$2.883M	0.2%	$11.12	—	COM	95766G108
—	BLACKROCK LTD DURATION INC T	159,536	$2.707M	0.2%	$16.97	—	COM SHS	09249W101
RIG	TRANSOCEAN LTD	56,313	$2.506M	0.2%	$47.28	0.0%	REG SHS	H8817H100
—	AMERICAN CAPITAL AGENCY CORP	107,115	$2.418M	0.2%	$22.57	—	COM	02503X105
—	NEUBERGER BERMAN HGH YLD FD	182,223	$2.38M	0.2%	$13.06	—	COM	64128C106
—	FLAHERTY & CRUMRINE DYN PFD	111,358	$2.376M	0.2%	$21.34	—	SHS	33848W106
—	PUTNAM PREMIER INCOME TR	412,883	$2.172M	0.2%	$5.26	—	SH BEN INT	746853100
—	PEABODY ENERGY CORP	125,325	$2.162M	0.2%	$14.64	—	COM	704549104
—	CLAYMORE EXCHANGE TRD FD TR	95,359	$2.121M	0.2%	$22.24	—	GUGG CRP BD 2016	18383M555
—	ABERDEEN GLOBAL INCOME FD IN	191,745	$2.077M	0.2%	$10.83	—	COM	003013109
—	BROOKFIELD TOTAL RETURN FD I	90,004	$2.065M	0.2%	$22.94	—	COM	11283U108
—	ARMOUR RESIDENTIAL REIT INC	478,119	$2.008M	0.2%	$4.20	—	COM	042315101
—	BLACKROCK STRTGC BOND TR	150,274	$1.946M	0.2%	$12.95	—	COM	09249G106
NRG	NRG ENERGY INC	59,300	$1.621M	0.1%	$20.46	+0.9%	Put	629377508
—	DWS HIGH INCOME TR	177,705	$1.608M	0.1%	$9.05	—	SHS NEW	23337C208
—	INVESCO DYNAMIC CR OPP FD	124,184	$1.597M	0.1%	$12.86	—	COM	46132R104
—	INVESCO HIGH INCOME TR II	95,854	$1.526M	0.1%	$15.92	—	COM	46131F101
—	MANAGED HIGH YIELD PLUS FD I	743,235	$1.486M	0.1%	$2.00	—	COM	561911108
—	BARRICK GOLD CORP	77,802	$1.449M	0.1%	$15.74	—	COM	067901108
—	FIRST TR HIGH INCOME L/S FD	81,758	$1.434M	0.1%	$17.54	—	COM	33738E109
—	WESTERN ASSET WORLDWIDE INCO	112,209	$1.41M	0.1%	$12.57	—	COM	957668106
—	UNITED STATES STL CORP NEW	68,200	$1.404M	0.1%	$17.90	—	COM	912909108
—	GLOBAL HIGH INCOME FUND INC	127,113	$1.308M	0.1%	$10.29	—	COM	37933G108
—	CLAYMORE EXCHANGE TRD FD TR	55,625	$1.217M	0.1%	$21.88	—	GUGG CRP BD 2015	18383M563
—	INTERNATIONAL GAME TECHNOLOG	63,330	$1.199M	0.1%	$16.71	—	COM	459902102
—	LEGG MASON BW GLB INC OPP FD	68,680	$1.149M	0.1%	$16.73	—	COM	52469B100
—	STONE HBR EMERG MRKTS INC FD	56,240	$1.104M	0.1%	$19.63	—	COM	86164T107
—	MFS GOVT MKTS INCOME TR	190,836	$1.082M	0.1%	$5.67	—	SH BEN INT	552939100
—	ANNALY CAP MGMT INC	93,231	$1.08M	0.1%	$11.58	—	COM	035710409
—	BLACKROCK HIGH YIELD TR	156,404	$1.079M	0.1%	$6.90	—	SHS	09248N102
—	CLOUGH GLOBAL OPPORTUNITIES	82,763	$1.065M	0.1%	$12.87	—	SH BEN INT	18914E106
—	AG MTG INVT TR INC	55,829	$928K	0.1%	$16.62	—	COM	001228105
THR	THERMON GROUP HLDGS INC	37,102	$857K	0.1%	$21.16	0.0%	COM	88362T103
—	ALPHA NATURAL RESOURCES INC	138,880	$828K	0.1%	$5.55	—	COM	02076X102
HLF	HERBALIFE LTD	11,300	$788K	0.1%	—	—	Put	G4412G101
XJPIX	NUVEEN PFD & INCOME TERM FD	33,822	$767K	0.1%	$22.68	—	COM	67075A106
—	WESTERN ASSET MTG DEF OPPTY	33,898	$763K	0.1%	$22.51	—	COM	95790B109
—	DYNEGY INC NEW DEL	510,952	$705K	0.1%	$1.85	—	*W EXP 99/99/999	26817R116
—	CALAMOS GBL DYN INCOME FUND	81,142	$691K	0.1%	$8.52	—	COM	12811L107
—	LMP CAP & INCOME FD INC	43,000	$639K	0.1%	$14.86	—	COM	50208A102
—	BIOAMBER INC	127,450	$625K	0.1%	$6.80	—	COM	09072Q106
—	MFS MULTIMARKET INCOME TR	92,072	$609K	0.1%	$6.61	—	SH BEN INT	552737108
—	POLYPORE INTL INC	14,603	$598K	0.0%	$40.31	—	COM	73179V103
—	DELAWARE ENHANCED GBL DIV &	45,813	$545K	0.0%	$11.90	—	COM	246060107
—	NUVEEN DIVERSIFIED DIV INCM	47,729	$534K	0.0%	$11.19	—	COM	6706EP105
—	MFS CHARTER INCOME TR	59,399	$532K	0.0%	$8.96	—	SH BEN INT	552727109
—	FIRST TR STRATEGIC HIGH INC	33,171	$528K	0.0%	$15.92	—	COM SHS NEW	337353304
—	INVESCO MORTGAGE CAPITAL INC	33,000	$508K	0.0%	$15.39	—	COM	46131B100
—	AVENUE INCOME CR STRATEGIES	29,581	$500K	0.0%	$16.90	—	COM	05358E106
VCLT	VANGUARD SCOTTSDALE FDS	5,875	$482K	0.0%	$82.04	—	LG-TERM COR BD	92206C813
—	APOLLO RESIDENTIAL MTG INC	30,000	$438K	0.0%	$14.60	—	COM	03763V102
BLV	VANGUARD BD INDEX FD INC	5,175	$430K	0.0%	$83.09	—	LONG TERM BOND	921937793
—	TIME WARNER CABLE INC	3,548	$396K	0.0%	$112.48	—	COM	88732J207
—	FIRST TR ABERDEEN GLBL OPP F	26,600	$387K	0.0%	$14.55	—	COM SHS	337319107
—	ARES DYNAMIC CR ALLOCATION F	19,585	$355K	0.0%	$18.13	—	COM	04014F102
—	NUVEEN CR STRATEGIES INCM FD	36,796	$344K	0.0%	$9.35	—	COM SHS	67073D102
—	STRATEGIC GLOBAL INCOME FD	33,969	$316K	0.0%	$9.30	—	COM	862719101
—	NUVEEN FLOATING RATE INCOME	22,925	$274K	0.0%	$11.95	—	COM	67072T108
—	APOLLO SR FLOATING RATE FD I	14,900	$266K	0.0%	$17.85	—	COM	037636107
—	EATON VANCE FLTG RATE INCOM	14,202	$254K	0.0%	$17.88	—	COM SHS BEN INT	278284104
—	STONE HBR EMERG MKTS TL INC	11,740	$234K	0.0%	$19.93	—	COM	86164W100
—	NUVEEN SR INCOME FD	30,989	$223K	0.0%	$7.20	—	COM	67067Y104
—	MORGAN STANLEY EMER MKTS DEB	21,826	$218K	0.0%	$9.99	—	COM	61744H105
—	NUVEEN FLEXIBLE INVT INCOME	12,715	$211K	0.0%	$16.59	—	COM	67075B104
—	NEXPOINT CR STRATEGIES FD	25,300	$194K	0.0%	$7.67	—	COM	65340G106
—	CLOUGH GLOBAL ALLOCATION FD	12,367	$188K	0.0%	$15.20	—	COM	18913Y103
—	MFS INTERMARKET INCOME TRUST	20,322	$163K	0.0%	$8.02	—	SH BEN INT	59318R103
—	CYS INVTS INC	16,500	$134K	0.0%	$8.12	—	COM	12673A108
—	CALAMOS CONV & HIGH INCOME F	10,361	$130K	0.0%	$12.55	—	COM SHS	12811P108
—	MFS INTER INCOME TR	24,410	$130K	0.0%	$5.33	—	SH BEN INT	55273C107
—	BIOAMBER INC	128,450	$103K	0.0%	$0.54	—	*W EXP 05/09/201	09072Q114
—	ADVENT CLAY CONV SEC INC FD	14,408	$100K	0.0%	$6.94	—	COM	007639107
—	ALPINE GLOBAL DYNAMIC DIVD F	13,600	$65,000	0.0%	$4.78	—	COM	02082E106