# EDGAR Filing Document

**Accession Number:** 0001633227
**File Stem:** 0001765380-26-000196
**Filing Date:** 2026-5
**Character Count:** 19762
**Document Hash:** 41fbac8496e10244a41185bd14d816d0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001765380-26-000196.hdr.sgml**: 20260511

**ACCESSION NUMBER**: 0001765380-26-000196

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260511

**DATE AS OF CHANGE**: 20260511

**EFFECTIVENESS DATE**: 20260511

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** McGowan Group Asset Management, Inc.
- **CENTRAL INDEX KEY:** 0001633227

**ORGANIZATION NAME:**
- **EIN:** 270603296
- **STATE OF INCORPORATION:** TX
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-16514
- **FILM NUMBER:** 26961521

**BUSINESS ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 1776
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214.720.4400

**MAIL ADDRESS:**
- **STREET 1:** 300 CRESCENT COURT
- **STREET 2:** SUITE 1776
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 03-31-2026

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** McGowan Group Asset Management Inc.<br>**Address:** 300 CRESCENT COURT<br>SUITE 1776<br>DALLAS, TX 75201

**Form 13F File Number:** 028-16514

**CRD Number (if applicable):** 000154127

**SEC File Number (if applicable):** 801-71582

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Andy Warning<br>**Title:** Chief Compliance Officer<br>**Phone:** (513) 832-5463

**Signature, Place, and Date of Signing:**

Andy Warning  Cincinnati, OH  05-11-2026<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 154

**Form 13F Information Table Value Total:** $785310221

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMAZON COM INC COM | Stock | 023135106 |  | 4380751 | 21034 | SH |  | SOLE | 0 | 21034 | 0 | 0 |
| EBAY INC. COM | Stock | 278642103 |  | 13873952 | 152428 | SH |  | SOLE | 0 | 152427 | 0 | 0 |
| JOHNSON  JOHNSON COM | Stock | 478160104 |  | 1055107 | 4316 | SH |  | SOLE | 0 | 4316 | 0 | 0 |
| EATON VANCE TAX ADVT DIV INCM COM | CEF | 27828G107 |  | 19266886 | 784802 | SH |  | SOLE | 0 | 784801 | 0 | 0 |
| VANGUARD TOTAL STOCK MARKET ETF | ETF | 922908769 |  | 283924 | 885 | SH |  | SOLE | 0 | 885 | 0 | 0 |
| COSTCO WHOLESALE CORPORATION COM | Stock | 22160K105 |  | 236003 | 237 | SH |  | SOLE | 0 | 236 | 0 | 0 |
| ISHARES MSCI EMERGING MARKETS ETF | ETF | 464287234 |  | 220516 | 3883 | SH |  | SOLE | 0 | 3883 | 0 | 0 |
| MESA RTY TR UNIT BEN INT | Stock | 590660106 |  | 64113 | 13111 | SH |  | SOLE | 0 | 13110 | 0 | 0 |
| PROCTER  GAMBLE CO COM | Stock | 742718109 |  | 1540845 | 10668 | SH |  | SOLE | 0 | 10667 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME FD COM SHS | CEF | 67073D102 |  | 88115 | 18094 | SH |  | SOLE | 0 | 18093 | 0 | 0 |
| ENTERPRISE PRODS PARTNERS L P COM | Stock | 293792107 |  | 14080396 | 372104 | SH |  | SOLE | 0 | 372103 | 0 | 0 |
| MADRIGAL PHARMACEUTICALS INC COM | Stock | 558868105 |  | 261735 | 500 | SH |  | SOLE | 0 | 500 | 0 | 0 |
| MASTERCARD INCORPORATED CL A | Stock | 57636Q104 |  | 1279620 | 2561 | SH |  | SOLE | 0 | 2560 | 0 | 0 |
| NUVEEN CALIF AMT FREE MUNI INC COM | CEF | 670651108 |  | 165344 | 13894 | SH |  | SOLE | 0 | 13894 | 0 | 0 |
| ALLSTATE CORP COM | Stock | 020002101 |  | 7460229 | 35981 | SH |  | SOLE | 0 | 35980 | 0 | 0 |
| DOUBLELINE INCOME SOLUTIONS FD COM | CEF | 258622109 |  | 31574481 | 2915465 | SH |  | SOLE | 0 | 2915464 | 0 | 0 |
| ALASKA AIR GROUP INC COM | Stock | 011659109 |  | 294240 | 8000 | SH |  | SOLE | 0 | 8000 | 0 | 0 |
| CORNING INC COM | Stock | 219350105 |  | 649567 | 4777 | SH |  | SOLE | 0 | 4777 | 0 | 0 |
| KAYNE ANDERSON ENERGY INFRSTR COM | CEF | 486606106 |  | 4400819 | 308181 | SH |  | SOLE | 0 | 308180 | 0 | 0 |
| UNUM GROUP COM | Stock | 91529Y106 |  | 13773875 | 188606 | SH |  | SOLE | 0 | 188605 | 0 | 0 |
| CHUBB LTD SWITZ COM | Stock | H1467J104 |  | 218262 | 670 | SH |  | SOLE | 0 | 669 | 0 | 0 |
| SONOCO PRODS CO COM | Stock | 835495102 |  | 15938754 | 294671 | SH |  | SOLE | 0 | 294671 | 0 | 0 |
| UNITED STATES ANTIMONY CORP COM | Stock | 911549103 |  | 3878503 | 444273 | SH |  | SOLE | 0 | 444273 | 0 | 0 |
| FEDEX CORP COM | Stock | 31428X106 |  | 22400516 | 62891 | SH |  | SOLE | 0 | 62891 | 0 | 0 |
| PEPSICO INC COM | Stock | 713448108 |  | 311929 | 2009 | SH |  | SOLE | 0 | 2008 | 0 | 0 |
| FORD MTR CO COM | Stock | 345370860 |  | 693404 | 60087 | SH |  | SOLE | 0 | 60086 | 0 | 0 |
| HOME DEPOT INC COM | Stock | 437076102 |  | 237777 | 723 | SH |  | SOLE | 0 | 722 | 0 | 0 |
| SPDR GOLD SHARES | ETF | 78463V107 |  | 208691 | 485 | SH |  | SOLE | 0 | 485 | 0 | 0 |
| SOUTHERN CO COM | Stock | 842587107 |  | 470389 | 4873 | SH |  | SOLE | 0 | 4873 | 0 | 0 |
| BRITISH AMERN TOB PLC SPONSORED ADR | ADR | 110448107 |  | 32828925 | 561466 | SH |  | SOLE | 0 | 561466 | 0 | 0 |
| BERKSHIRE HATHAWAY INC DEL CL B NEW | Stock | 084670702 |  | 1453414 | 3033 | SH |  | SOLE | 0 | 3033 | 0 | 0 |
| ALPHABET INC CAP STK CL A | Stock | 02079K305 |  | 9016700 | 31356 | SH |  | SOLE | 0 | 31355 | 0 | 0 |
| OREILLY AUTOMOTIVE INC COM | Stock | 67103H107 |  | 282469 | 3060 | SH |  | SOLE | 0 | 3060 | 0 | 0 |
| HALLIBURTON CO COM | Stock | 406216101 |  | 268145 | 6877 | SH |  | SOLE | 0 | 6877 | 0 | 0 |
| MICROSOFT CORP COM | Stock | 594918104 |  | 1313329 | 3548 | SH |  | SOLE | 0 | 3547 | 0 | 0 |
| POWELL INDS INC COM | Stock | 739128106 |  | 337672 | 624 | SH |  | SOLE | 0 | 624 | 0 | 0 |
| NEXTERA ENERGY INC COM | Stock | 65339F101 |  | 262464 | 2826 | SH |  | SOLE | 0 | 2825 | 0 | 0 |
| TESLA INC COM | Stock | 88160R101 |  | 610785 | 1643 | SH |  | SOLE | 0 | 1643 | 0 | 0 |
| OGE ENERGY CORP COM | Stock | 670837103 |  | 216537 | 4515 | SH |  | SOLE | 0 | 4514 | 0 | 0 |
| DELL TECHNOLOGIES INC CL C | Stock | 24703L202 |  | 21459238 | 130745 | SH |  | SOLE | 0 | 130745 | 0 | 0 |
| BWX TECHNOLOGIES INC COM | Stock | 05605H100 |  | 17807457 | 87082 | SH |  | SOLE | 0 | 87082 | 0 | 0 |
| ALERIAN MLP ETF | ETF | 00162Q452 |  | 856174 | 16265 | SH |  | SOLE | 0 | 16264 | 0 | 0 |
| VANGUARD INFORMATION TECHNOLOGY ETF | ETF | 92204A702 |  | 231858 | 332 | SH |  | SOLE | 0 | 332 | 0 | 0 |
| AMPHENOL CORP CL A | Stock | 032095101 |  | 1221435 | 9667 | SH |  | SOLE | 0 | 9667 | 0 | 0 |
| LYONDELLBASELL INDUSTRIES NV SHS - A - | Stock | N53745100 |  | 736238 | 9139 | SH |  | SOLE | 0 | 9139 | 0 | 0 |
| UBER TECHNOLOGIES INC COM | Stock | 90353T100 |  | 254416 | 3537 | SH |  | SOLE | 0 | 3537 | 0 | 0 |
| GOLDMAN SACHS ULTRA SHORT BOND ETF | ETF | 381430230 |  | 19538215 | 386513 | SH |  | SOLE | 0 | 386512 | 0 | 0 |
| VANECK GOLD MINERS ETF | ETF | 92189F106 |  | 200913 | 2189 | SH |  | SOLE | 0 | 2189 | 0 | 0 |
| ELI LILLY  CO COM | Stock | 532457108 |  | 19544726 | 21250 | SH |  | SOLE | 0 | 21249 | 0 | 0 |
| BLACKROCK MUNIHLDNGS CALI COM | CEF | 09254L107 |  | 131190 | 12614 | SH |  | SOLE | 0 | 12614 | 0 | 0 |
| VERTIV HOLDINGS CO COM CL A | Stock | 92537N108 |  | 302612 | 1208 | SH |  | SOLE | 0 | 1207 | 0 | 0 |
| DUKE ENERGY CORP NEW COM NEW | Stock | 26441C204 |  | 413740 | 3160 | SH |  | SOLE | 0 | 3159 | 0 | 0 |
| DIGITAL RLTY TR INC COM | REIT | 253868103 |  | 401868 | 2230 | SH |  | SOLE | 0 | 2230 | 0 | 0 |
| MICRON TECHNOLOGY INC COM | Stock | 595112103 |  | 1219602 | 3610 | SH |  | SOLE | 0 | 3610 | 0 | 0 |
| VOC ENERGY TR TR UNIT | Stock | 91829B103 |  | 378973 | 109530 | SH |  | SOLE | 0 | 109529 | 0 | 0 |
| FREEPORT MCMORAN INC CL B | Stock | 35671D857 |  | 587373 | 9993 | SH |  | SOLE | 0 | 9992 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 164988 | 301 | SH |  | SOLE | 0 | 300 | 0 | 0 |
| QUANTA SVCS INC COM | Stock | 74762E102 |  | 164706 | 300 | SH | Put | SOLE | 0 | 300 | 0 | 0 |
| PALANTIR TECHNOLOGIES INC CL A | Stock | 69608A108 |  | 659723 | 4510 | SH |  | SOLE | 0 | 4510 | 0 | 0 |
| ENERGY TRANSFER L P COM UT LTD PTN | Stock | 29273V100 |  | 17742012 | 919275 | SH |  | SOLE | 0 | 919275 | 0 | 0 |
| FS CREDIT OPPORTUNITIES CORP COMMON STOCK | CEF | 30290Y101 |  | 87853 | 17226 | SH |  | SOLE | 0 | 17226 | 0 | 0 |
| ACADIA HEALTHCARE COMPANY INC COM | Stock | 00404A109 |  | 257290 | 11000 | SH |  | SOLE | 0 | 11000 | 0 | 0 |
| PERMIANVILLE RTY TR TR UNIT | Stock | 71425H100 |  | 235955 | 127543 | SH |  | SOLE | 0 | 127543 | 0 | 0 |
| EXPAND ENERGY CORPORATION COM | Stock | 165167735 |  | 1522715 | 13871 | SH |  | SOLE | 0 | 13870 | 0 | 0 |
| FRONTIER GROUP HLDGS INC COM | Stock | 35909R108 |  | 105900 | 30000 | SH |  | SOLE | 0 | 30000 | 0 | 0 |
| INNOVIZ TECHNOLOGIES LTD WT EXP 040526 | Stock | M5R635116 |  | 89 | 40300 | SH |  | SOLE | 0 | 40300 | 0 | 0 |
| VALARIS LTD WT EXP 042928 | Stock | G9460G119 |  | 239850 | 15000 | SH |  | SOLE | 0 | 15000 | 0 | 0 |
| VALARIS LTD CL A | Stock | G9460G101 |  | 354611 | 3617 | SH |  | SOLE | 0 | 3617 | 0 | 0 |
| VISA INC COM CL A | Stock | 92826C839 |  | 7632709 | 25254 | SH |  | SOLE | 0 | 25253 | 0 | 0 |
| ENOVIX CORPORATION COM | Stock | 293594107 |  | 1908550 | 368446 | SH |  | SOLE | 0 | 368446 | 0 | 0 |
| ENOVIX CORPORATION COM | Stock | 293594107 |  | 20720 | 4000 | SH | Call | SOLE | 0 | 4000 | 0 | 0 |
| TOAST INC CL A | Stock | 888787108 |  | 4670097 | 176164 | SH |  | SOLE | 0 | 176163 | 0 | 0 |
| COPA HOLDINGS SA CL A | Stock | P31076105 |  | 2383505 | 20980 | SH |  | SOLE | 0 | 20979 | 0 | 0 |
| L3HARRIS TECHNOLOGIES INC COM | Stock | 502431109 |  | 327272 | 948 | SH |  | SOLE | 0 | 948 | 0 | 0 |
| PHILLIPS 66 COM | Stock | 718546104 |  | 350914 | 1926 | SH |  | SOLE | 0 | 1926 | 0 | 0 |
| TRILOGY METALS INC NEW COM | Stock | 89621C105 |  | 145199 | 40441 | SH |  | SOLE | 0 | 40441 | 0 | 0 |
| CHENIERE ENERGY INC COM NEW | Stock | 16411R208 |  | 1802517 | 6352 | SH |  | SOLE | 0 | 6352 | 0 | 0 |
| META PLATFORMS INC CL A | Stock | 30303M102 |  | 589400 | 1030 | SH |  | SOLE | 0 | 1030 | 0 | 0 |
| GLOBAL X MLP ETF | ETF | 37954Y343 |  | 351753 | 6530 | SH |  | SOLE | 0 | 6529 | 0 | 0 |
| NUVEEN MUN CR INCOME FD COM SH BEN INT | CEF | 67070X101 |  | 5684091 | 466674 | SH |  | SOLE | 0 | 466674 | 0 | 0 |
| SOUNDHOUND AI INC CLASS A COM | Stock | 836100107 |  | 258291 | 37597 | SH |  | SOLE | 0 | 37597 | 0 | 0 |
| CARLYLE GROUP INC COM | Stock | 14316J108 |  | 536406 | 11085 | SH |  | SOLE | 0 | 11085 | 0 | 0 |
| BLOOMIN BRANDS INC COM | Stock | 094235108 |  | 54000 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| BROADCOM INC COM | Stock | 11135F101 |  | 282374 | 912 | SH |  | SOLE | 0 | 912 | 0 | 0 |
| CALAMOS STRATEGIC TOTAL RETURN COM SH BEN INT | CEF | 128125101 |  | 13605208 | 794697 | SH |  | SOLE | 0 | 794696 | 0 | 0 |
| HONDA MOTOR CO LTD ADR ECH CNV IN 3 | ADR | 438128308 |  | 231179 | 9510 | SH |  | SOLE | 0 | 9509 | 0 | 0 |
| COMSTOCK RES INC COM | Stock | 205768302 |  | 291853 | 13845 | SH |  | SOLE | 0 | 13845 | 0 | 0 |
| ACCENTURE PLC IRELAND SHS CLASS A | Stock | G1151C101 |  | 359930 | 1815 | SH |  | SOLE | 0 | 1815 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO COM | Stock | 382550101 |  | 168932 | 25480 | SH |  | SOLE | 0 | 25480 | 0 | 0 |
| NVIDIA CORPORATION COM | Stock | 67066G104 |  | 1064594 | 6104 | SH |  | SOLE | 0 | 6104 | 0 | 0 |
| CUMMINS INC COM | Stock | 231021106 |  | 231887 | 431 | SH |  | SOLE | 0 | 431 | 0 | 0 |
| EATON VANCE TX ADV GLBL DIV FD COM | CEF | 27828S101 |  | 12563052 | 624406 | SH |  | SOLE | 0 | 624406 | 0 | 0 |
| CURTISS WRIGHT CORP COM | Stock | 231561101 |  | 868428 | 1275 | SH |  | SOLE | 0 | 1275 | 0 | 0 |
| RANGE RES CORP COM | Stock | 75281A109 |  | 216435 | 4791 | SH |  | SOLE | 0 | 4790 | 0 | 0 |
| CELANESE CORP DEL COM | Stock | 150870103 |  | 613634 | 9330 | SH |  | SOLE | 0 | 9330 | 0 | 0 |
| MORGAN STANLEY EMERGING MKTS COM | CEF | 617477104 |  | 101296 | 19979 | SH |  | SOLE | 0 | 19979 | 0 | 0 |
| TAIWAN SEMICONDUCTOR MANUFACT SPONSORED ADS | ADR | 874039100 |  | 329225 | 974 | SH |  | SOLE | 0 | 974 | 0 | 0 |
| PBF ENERGY INC CL A | Stock | 69318G106 |  | 230010 | 4830 | SH |  | SOLE | 0 | 4830 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME FD COM | CEF | 67066V101 |  | 15866853 | 1379726 | SH |  | SOLE | 0 | 1379726 | 0 | 0 |
| NUVEEN AMT FREE MUN CR INC FD COM | CEF | 67071L106 |  | 6067884 | 492124 | SH |  | SOLE | 0 | 492123 | 0 | 0 |
| VICTORYSHARES FREE CASH FLOW ETF | ETF | 92647X830 |  | 4762689 | 120635 | SH |  | SOLE | 0 | 120635 | 0 | 0 |
| QUALCOMM INC COM | Stock | 747525103 |  | 312364 | 2426 | SH |  | SOLE | 0 | 2425 | 0 | 0 |
| T-MOBILE US INC COM | Stock | 872590104 |  | 4226333 | 20123 | SH |  | SOLE | 0 | 20122 | 0 | 0 |
| GENERAL DYNAMICS CORP COM | Stock | 369550108 |  | 237744 | 693 | SH |  | SOLE | 0 | 692 | 0 | 0 |
| EQT CORP COM | Stock | 26884L109 |  | 13106416 | 205946 | SH |  | SOLE | 0 | 205946 | 0 | 0 |
| CISCO SYS INC COM | Stock | 17275R102 |  | 311189 | 4011 | SH |  | SOLE | 0 | 4010 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTURE COM | CEF | 19248A109 |  | 35774471 | 1382321 | SH |  | SOLE | 0 | 1382321 | 0 | 0 |
| AT INC COM | Stock | 00206R102 |  | 241207 | 8320 | SH |  | SOLE | 0 | 8320 | 0 | 0 |
| GE VERNOVA INC COM | Stock | 36828A101 |  | 253640 | 291 | SH |  | SOLE | 0 | 290 | 0 | 0 |
| GE AEROSPACE COM NEW | Stock | 369604301 |  | 397183 | 1400 | SH |  | SOLE | 0 | 1399 | 0 | 0 |
| PLAINS GP HLDGS L P LTD PARTNR INT A | Stock | 72651A207 |  | 32750507 | 1348868 | SH |  | SOLE | 0 | 1348867 | 0 | 0 |
| THE ONE GROUP HOSPITALITY INC COM | Stock | 88338K103 |  | 1673200 | 940000 | SH |  | SOLE | 0 | 940000 | 0 | 0 |
| ISHARES CORE S 500 ETF | ETF | 464287200 |  | 214944 | 329 | SH |  | SOLE | 0 | 329 | 0 | 0 |
| THE CIGNA GROUP COM | Stock | 125523100 |  | 388688 | 1457 | SH |  | SOLE | 0 | 1457 | 0 | 0 |
| HILLTOP HLDGS INC COM | Stock | 432748101 |  | 414151 | 11562 | SH |  | SOLE | 0 | 11562 | 0 | 0 |
| RADIANT LOGISTICS INC COM | Stock | 75025X100 |  | 1558706 | 221093 | SH |  | SOLE | 0 | 221093 | 0 | 0 |
| TRANSOCEAN LTD REGISTERED SHS | Stock | H8817H100 |  | 66300 | 10000 | SH |  | SOLE | 0 | 10000 | 0 | 0 |
| NORTHROP GRUMMAN CORP COM | Stock | 666807102 |  | 494624 | 725 | SH |  | SOLE | 0 | 725 | 0 | 0 |
| JPMORGAN CHASE  CO COM | Stock | 46625H100 |  | 306681 | 1043 | SH |  | SOLE | 0 | 1042 | 0 | 0 |
| NUVEEN CA DIVI ADV MUN COM | CEF | 67066Y105 |  | 207959 | 17851 | SH |  | SOLE | 0 | 17850 | 0 | 0 |
| CHEVRON CORPORATION COM | Stock | 166764100 |  | 8607330 | 41601 | SH |  | SOLE | 0 | 41601 | 0 | 0 |
| CONOCOPHILLIPS COM | Stock | 20825C104 |  | 1034008 | 7833 | SH |  | SOLE | 0 | 7833 | 0 | 0 |
| TJX COS INC NEW COM | Stock | 872540109 |  | 288813 | 1808 | SH |  | SOLE | 0 | 1808 | 0 | 0 |
| ALLIANCEBERNSTEIN GLOBAL HIGH COM | CEF | 01879R106 |  | 38050927 | 3741487 | SH |  | SOLE | 0 | 3741487 | 0 | 0 |
| BLACKROCK CORPOR HI YLD FD INC COM | CEF | 09255P107 |  | 38790712 | 4552900 | SH |  | SOLE | 0 | 4552900 | 0 | 0 |
| WALMART INC COM | Stock | 931142103 |  | 1042362 | 8387 | SH |  | SOLE | 0 | 8387 | 0 | 0 |
| INTERNATIONAL BUSINESS MACHS COM | Stock | 459200101 |  | 624474 | 2576 | SH |  | SOLE | 0 | 2576 | 0 | 0 |
| ORACLE CORP COM | Stock | 68389X105 |  | 475557 | 3233 | SH |  | SOLE | 0 | 3232 | 0 | 0 |
| RTX CORPORATION COM | Stock | 75513E101 |  | 592176 | 3070 | SH |  | SOLE | 0 | 3069 | 0 | 0 |
| TEXAS INSTRS INC COM | Stock | 882508104 |  | 4915082 | 25317 | SH |  | SOLE | 0 | 25317 | 0 | 0 |
| 3M CO COM | Stock | 88579Y101 |  | 18625103 | 128246 | SH |  | SOLE | 0 | 128245 | 0 | 0 |
| KLA CORP COM NEW | Stock | 482480100 |  | 1384065 | 940 | SH |  | SOLE | 0 | 940 | 0 | 0 |
| CATERPILLAR INC COM | Stock | 149123101 |  | 1171324 | 1653 | SH |  | SOLE | 0 | 1653 | 0 | 0 |
| AMGEN INC COM | Stock | 031162100 |  | 385058 | 1094 | SH |  | SOLE | 0 | 1094 | 0 | 0 |
| APPLIED MATLS INC COM | Stock | 038222105 |  | 981469 | 2872 | SH |  | SOLE | 0 | 2871 | 0 | 0 |
| VICTORYSHARES INTERNATIONAL FREE CASH FLOW ETF | ETF | 92647X756 |  | 20550868 | 659919 | SH |  | SOLE | 0 | 659919 | 0 | 0 |
| NUVEEN AMT FREE QLTY MUN INCME COM | CEF | 670657105 |  | 16044063 | 1428679 | SH |  | SOLE | 0 | 1428678 | 0 | 0 |
| WILLIAMS COS INC COM | Stock | 969457100 |  | 584731 | 8034 | SH |  | SOLE | 0 | 8034 | 0 | 0 |
| ISHARES CORE S US VALUE ETF | ETF | 464287663 |  | 399516 | 3907 | SH |  | SOLE | 0 | 3907 | 0 | 0 |
| MERCADOLIBRE INC COM | Stock | 58733R102 |  | 290475 | 168 | SH |  | SOLE | 0 | 168 | 0 | 0 |
| MV OIL TR TR UNITS | Stock | 553859109 |  | 42057 | 18609 | SH |  | SOLE | 0 | 18609 | 0 | 0 |
| TORTOISE ESSENTIAL ENERGY FUND | CEF | 890930100 |  | 266649 | 12187 | SH |  | SOLE | 0 | 12186 | 0 | 0 |
| NUVEEN GLOBAL HIGH INCOME FD SHS | CEF | 67075G103 |  | 46101740 | 3772646 | SH |  | SOLE | 0 | 3772646 | 0 | 0 |
| FLOWSERVE CORP COM | Stock | 34354P105 |  | 26800904 | 364589 | SH |  | SOLE | 0 | 364588 | 0 | 0 |
| KOPIN CORP COM | Stock | 500600101 |  | 67500 | 30000 | SH |  | SOLE | 0 | 30000 | 0 | 0 |
| PHILIP MORRIS INTL INC COM | Stock | 718172109 |  | 905827 | 5479 | SH |  | SOLE | 0 | 5478 | 0 | 0 |
| ALTRIA GROUP INC COM | Stock | 02209S103 |  | 843667 | 12785 | SH |  | SOLE | 0 | 12784 | 0 | 0 |
| EXXON MOBIL CORP COM | Stock | 30231G102 |  | 42312327 | 249395 | SH |  | SOLE | 0 | 249394 | 0 | 0 |
| SOLAREDGE TECHNOLOGIES INC COM | Stock | 83417M104 |  | 270157 | 5292 | SH |  | SOLE | 0 | 5292 | 0 | 0 |
| DEERE  CO COM | Stock | 244199105 |  | 1135302 | 2015 | SH |  | SOLE | 0 | 2015 | 0 | 0 |
| AUTOZONE INC COM | Stock | 053332102 |  | 236445 | 70 | SH |  | SOLE | 0 | 70 | 0 | 0 |
| CHENIERE ENERGY PARTNERS L P COM UNIT | Stock | 16411Q101 |  | 15413685 | 238491 | SH |  | SOLE | 0 | 238491 | 0 | 0 |
| APPLE INC COM | Stock | 037833100 |  | 4817076 | 18981 | SH |  | SOLE | 0 | 18980 | 0 | 0 |
| STATE STREET SPDR BLOOMBERG 1-3 MONTH T-BILL ETF | ETF | 78468R663 |  | 1030675 | 11247 | SH |  | SOLE | 0 | 11247 | 0 | 0 |

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