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
Expires: July 31, 2015
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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
ABRDN ASIA PACIFIC INCOME FU COM NEW 003009867 3,768,113 288,082 SH SOLE 288,082 0 0
AFFIRM HLDGS INC COM CL A 00827B106 245,143 3,541 SH SOLE 3,541 0 0
ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 391,028 41,031 SH SOLE 41,031 0 0
ALLSPRING MULTI SECTOR INCOM COM 94987D101 1,640,262 192,519 SH SOLE 192,519 0 0
AMERICAN CENTY ETF TR US EQT ETF 025072885 493,787 3,855 SH SOLE 3,855 0 0
AMPLIFY ETF TR CWP ENHANCED DIV 032108409 612,878 13,183 SH SOLE 13,183 0 0
ANGEL OAK FUNDS TRUST INCOME ETF 03463K760 2,401,014 119,335 SH SOLE 119,335 0 0
APPLE INC COM 037833100 275,874 828 SH SOLE 828 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 453,526 55,308 SH SOLE 55,308 0 0
BLACKROCK CORPOR HI YLD FD I COM 09255P107 4,080,218 520,436 SH SOLE 520,436 0 0
BLACKROCK CR ALLOCATION COM 092508100 4,276,204 459,313 SH SOLE 459,313 0 0
BLACKROCK MULTI SECTOR INC T COM 09258A107 1,993,369 177,346 SH SOLE 177,346 0 0
BLACKROCK MUNIHLDNGS CALI COM 09254L107 1,256,540 128,876 SH SOLE 128,876 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 5,908,130 575,841 SH SOLE 575,841 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103 3,877,150 402,612 SH SOLE 402,612 0 0
BLACKROCK MUNIYILD QULT FD I COM 09254F100 4,174,970 420,440 SH SOLE 420,440 0 0
BLACKROCK TAX MUNICPAL BD TR SHS 09248X100 899,222 62,446 SH SOLE 62,446 0 0
BRANDYWINEGBL GBL INCM OPP F COM 10537L104 1,576,127 227,764 SH SOLE 227,764 0 0
BROADCOM INC COM 11135F101 571,298 1,627 SH SOLE 1,627 0 0
BROOKFIELD REAL ASSETS INCOM SHS BEN INT 112830104 3,510,253 303,918 SH SOLE 303,918 0 0
COHEN & STEERS LTD DURATION COM 19248C105 3,080,495 159,281 SH SOLE 159,281 0 0
COHEN & STEERS TAX ADVAN PFD COM 19249X108 1,591,828 91,537 SH SOLE 91,537 0 0
COLLABORATIVE INVESTMNT SER GOOS HOL TAC ETF 19423L573 439,643 14,768 SH SOLE 14,768 0 0
DOUBLELINE INCOME SOLUTIONS COM 258622109 1,792,650 179,265 SH SOLE 179,265 0 0
DOUBLELINE YIELD OPPORTUNITI COM 25862D105 3,315,787 248,002 SH SOLE 248,002 0 0
EA SERIES TRUST AST EQU KIN ETF 02072L433 213,386 5,012 SH SOLE 5,012 0 0
EATON VANCE MUN BD FD COM 27827X101 3,730,564 411,308 SH SOLE 411,308 0 0
ETFIS SER TR I VIRTUS INFRCAP 26923G822 209,241 10,595 SH SOLE 10,595 0 0
FIRST TR EXCH TRADED FD III EME MRK BD ETF 33739P202 790,833 27,768 SH SOLE 27,768 0 0
FIRST TR INTER DURATN PFD & COM 33718W103 2,321,290 144,990 SH SOLE 144,990 0 0
INVESCO QQQ TR UNIT SER 1 46090E103 20,329,619 27,481 SH SOLE 27,481 0 0
ISHARES INC JP MRGN EM HI BD 464286285 769,996 19,876 SH SOLE 19,876 0 0
ISHARES TR BROAD USD HIGH 46435U853 243,661 6,821 SH SOLE 6,821 0 0
KKR INCOME OPPORTUNITIES FD COM 48249T106 2,241,332 217,605 SH SOLE 217,605 0 0
MICROSOFT CORP COM 594918104 241,512 471 SH SOLE 471 0 0
MORGAN STANLEY EMERGING MKTS COM 617477104 3,832,136 728,543 SH SOLE 728,543 0 0
MORGAN STANLEY EMKT DBT FD I COM 61744H105 2,303,550 341,773 SH SOLE 341,773 0 0
NEUBERGER MUN FD INC COM 64124P101 3,771,375 414,893 SH SOLE 414,893 0 0
NUVEEN CA DIVI ADV MUN COM 67066Y105 680,561 66,396 SH SOLE 66,396 0 0
NUVEEN CALIF AMT FREE MUNI I COM 670651108 620,730 58,949 SH SOLE 58,949 0 0
NYLIM MACKAY DEFINEDTERM MUN COM 56064K100 549,504 40,375 SH SOLE 40,375 0 0
PACER FDS TR US CASH COWS 100 69374H881 501,768 7,516 SH SOLE 7,516 0 0
PIMCO CALIF MUN INCOME FD COM 72200N106 429,665 55,728 SH SOLE 55,728 0 0
PIMCO DYNAMIC INCOME FD SHS 72201Y101 1,717,314 122,403 SH SOLE 122,403 0 0
PIMCO DYNAMIC INCOME STRATEG COM SHS BEN INT 69346N107 2,192,847 108,022 SH SOLE 108,022 0 0
PIMCO MUN INCOME FD II COM 72200W106 3,024,138 460,295 SH SOLE 460,295 0 0
SPDR SERIES TRUST STATE STREET SPD 78468R390 2,175,509 86,812 SH SOLE 86,812 0 0
TCW STRATEGIC INCOME FD INC COM 872340104 1,797,551 418,035 SH SOLE 418,035 0 0
TEMPLETON EMERGING MKTS INCO COM 880192109 4,071,601 662,049 SH SOLE 662,049 0 0
TEXAS INSTRS INC COM 882508104 2,492,801 8,900 SH SOLE 8,900 0 0
UBS ASSET MGMT HIGH YIELD CR SHS BEN INT NEW 22544F202 1,832,595 114,537 SH SOLE 114,537 0 0
VANECK ETF TRUST EMERGING MRKT HI 92189F353 445,056 22,929 SH SOLE 22,929 0 0
VANGUARD INDEX FDS MRNGSTR SML CAP 922908751 10,545,939 37,070 SH SOLE 37,070 0 0
VANGUARD INDEX FDS S&P 500 ETF SHS 922908363 37,856,252 54,014 SH SOLE 54,014 0 0
VANGUARD INTL EQUITY INDEX F FTSE EMR MKT ETF 922042858 10,767,137 181,540 SH SOLE 181,540 0 0
VANGUARD TAX-MANAGED FDS VAN FTSE DEV MKT 921943858 26,546,606 375,961 SH SOLE 375,961 0 0
WESTERN ASSET DIVERSIFIED IN COM SHS BEN INT 95790K109 781,361 66,105 SH SOLE 66,105 0 0
WESTERN ASSET EMERGING MKTS COM 95766A101 3,186,528 340,441 SH SOLE 340,441 0 0
WESTERN ASSET HIGH INCOME OP COM 95766K109 3,213,431 985,715 SH SOLE 985,715 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105 2,532,877 283,637 SH SOLE 283,637 0 0