The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
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
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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
DREYFUS STRATEGIC MUNICIPALS INC COM 261932107 106 13,900 SH   SOLE   13,900 0 0
PFIZER INC COM 717081103 223 7,284 SH   SOLE   7,284 0 0
SPDR GOLD TRUST GOLD SHS 78463V107 267 2,300 SH   SOLE   2,300 0 0
TELEFONICA S A SPONSORED ADR 879382208 18 18,412 SH   SOLE   18,412 0 0
GASTAR EXPL LTD COM NEW 367299203 166 24,000 SH   SOLE   24,000 0 0
ISHARES TR HIGH YLD CORP 464288513 70,827 762,566 SH   SOLE   762,566 0 0
PENN NATL GAMING INC COM 707569109 1,288 89,905 SH   SOLE   89,905 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 23,381 219,829 SH   SOLE   219,829 0 0
RAIT FINANCIAL TRUST COM NEW 749227609 149 16,666 SH   SOLE   16,666 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 2,529 54,113 SH   SOLE   54,113 0 0
VANGUARD INTL EQUITY INDEX F ALLWRLD EX US 922042775 1,035 20,398 SH   SOLE   20,398 0 0
VANGUARD INTL EQUITY INDEX F TT WRLD ST ETF 922042742 638 10,746 SH   SOLE   10,746 0 0
CHEVRON CORP NEW COM 166764100 577 4,617 SH   SOLE   4,617 0 0
EXXON MOBIL CORP COM 30231G102 330 3,264 SH   SOLE   3,264 0 0
PIMCO HIGH INCOME FD COM SHS 722014107 816 70,000 SH   SOLE   70,000 0 0
PIONEER MUN HIGH INCOME ADV COM 723762100 166 12,963 SH   SOLE   12,963 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 4,059 131,581 SH   SOLE   131,581 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 11,478 283,000 SH   SOLE   283,000 0 0
ANNALY CAP MGMT INC COM 035710409 299 30,000 SH   SOLE   30,000 0 0
CAPE BANCORP INC COM 139209100 1,352 133,026 SH   SOLE   133,026 0 0
GAMING AND LEISURE PPTYS INC COM ADDED 36467J108 4,568 89,905 SH   SOLE   89,905 0 0
GENERAL ELECTRIC CO COM 369604103 286 10,196 SH   SOLE   10,196 0 0
PIMCO ETF TR 0-5 HIGH YIELD 72201R783 4,058 38,156 SH   SOLE   38,156 0 0
POWERSHARES GOLBAL ETF TRUST FDM HG YLD RAFI 73936T557 5,398 280,975 SH   SOLE   280,975 0 0
SPDR SER TR SHT TRM HGH YLD 78468R408 14,405 466,776 SH   SOLE   466,776 0 0
SPDR SERIES TRUST BRC CNV SECS ETF 78464A359 14,472 309,700 SH   SOLE   309,700 0 0
SPDR SERIES TRUST BRCLYS YLD ETF 78464A417 59,484 1,466,578 SH   SOLE   1,466,578 0 0