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The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
BANK AMER CORP 7.25%CNV PFD L 060505682 1,493 1,088 SH   SOLE   0 0 1,088
INVESCO EXCHNG TRADED FD TR VAR RATE PFD 46138G870 2,617 104,973 SH   SOLE   0 0 104,973
ISHARES TR CORE US AGGBD ET 464287226 1,419 12,747 SH   SOLE   0 0 12,747
ISHARES TR FLTG RATE NT ETF 46429B655 279 5,470 SH   SOLE   0 0 5,470
ISHARES TR PFD AND INCM SEC 464288687 2,321 62,997 SH   SOLE   0 0 62,997
ISHARES TR SH TR CRPORT ETF 464288646 357 6,680 SH   SOLE   0 0 6,680
ISHARES TR TIPS BD ETF 464287176 354 3,068 SH   SOLE   0 0 3,068
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 64 13,950 SH   SOLE   0 0 13,950
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 70 13,625 SH   SOLE   0 0 13,625
TEMPLETON GLOBAL INCOME FD COM 880198106 13,340 2,097,526 SH   SOLE   753,429 0 1,344,097
VANGUARD MALVERN FDS STRM INFPROIDX 922020805 495 10,039 SH   SOLE   0 0 10,039
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 206 2,295 SH   SOLE   0 0 2,295
VANGUARD SCOTTSDALE FDS SHRT TRM CORP BD 92206C409 900 11,150 SH   SOLE   0 0 11,150
WELLS FARGO CO NEW PERP PFD CNV A 949746804 2,394 1,755 SH   SOLE   0 0 1,755
WESTERN ASSET HIGH INCM OPP COM 95766K109 240 46,825 SH   SOLE   0 0 46,825