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 |
ABERDEEN ASIA PACIFIC INCOM | COM | 003009107 | 3,594 | 593,000 | SH | | SOLE | | 593,000 | 0 | 0 |
ABERDEEN INDONESIA FD INC | COM | 00305P106 | 7,095 | 717,345 | SH | | SOLE | | 717,345 | 0 | 0 |
ABERDEEN ISRAEL FUND INC | COM | 00301L109 | 6,475 | 421,523 | SH | | SOLE | | 421,523 | 0 | 0 |
ABERDEEN LATIN AMER EQTY FD | COM | 00306K106 | 11,502 | 362,941 | SH | | SOLE | | 362,941 | 0 | 0 |
ADAMS EXPRESS CO | COM | 006212104 | 9,821 | 792,695 | SH | | SOLE | | 792,695 | 0 | 0 |
ALLIANCEBERNSTEIN INCOME FUN | COM | 01881E101 | 18,138 | 2,576,444 | SH | | SOLE | | 2,576,444 | 0 | 0 |
ALPINE TOTAL DYNAMIC DIVID F | COM SBI | 021060108 | 2,777 | 690,811 | SH | | SOLE | | 690,811 | 0 | 0 |
ASIA PAC FD INC | COM | 044901106 | 2,229 | 220,235 | SH | | SOLE | | 220,235 | 0 | 0 |
ASIA TIGERS FD INC | COM | 04516T105 | 871 | 75,175 | SH | | SOLE | | 75,175 | 0 | 0 |
BANCROFT FUND LTD | COM | 059695106 | 2,084 | 116,322 | SH | | SOLE | | 116,322 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 9,379 | 719,285 | SH | | SOLE | | 719,285 | 0 | 0 |
BLACKROCK ECOSOLUTIONS INVT | COM SH | 092546100 | 520 | 66,572 | SH | | SOLE | | 66,572 | 0 | 0 |
BLACKROCK ENHANCED EQT DIV T | COM | 09251A104 | 2,720 | 361,762 | SH | | SOLE | | 361,762 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 6,051 | 426,148 | SH | | SOLE | | 426,148 | 0 | 0 |
BLACKROCK GLOBAL OPP EQTY TR | COM | 092501105 | 10,117 | 723,188 | SH | | SOLE | | 723,188 | 0 | 0 |
BLACKROCK INCOME OPP TRUST I | COM | 092475102 | 5,978 | 603,888 | SH | | SOLE | | 603,888 | 0 | 0 |
BLACKROCK INCOME TR INC | COM | 09247F100 | 5,662 | 848,944 | SH | | SOLE | | 848,944 | 0 | 0 |
BLACKROCK INTL GRWTH & INC T | COM BENE INTER | 092524107 | 13,709 | 1,780,434 | SH | | SOLE | | 1,780,434 | 0 | 0 |
BLACKROCK RES & COMM STRAT T | SHS | 09257A108 | 14,540 | 1,255,581 | SH | | SOLE | | 1,255,581 | 0 | 0 |
CENTRAL EUR RUSS & TURK FD I | COM | 153436100 | 10,195 | 314,451 | SH | | SOLE | | 314,451 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 3,044 | 129,932 | SH | | SOLE | | 129,932 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 3,870 | 178,276 | SH | | SOLE | | 178,276 | 0 | 0 |
CLOUGH GLOBAL ALLOCATION FD | COM | 18913Y103 | 1,537 | 100,760 | SH | | SOLE | | 100,760 | 0 | 0 |
CLOUGH GLOBAL EQUITY FD | COM | 18914C100 | 16,028 | 1,066,732 | SH | | SOLE | | 1,066,732 | 0 | 0 |
CLOUGH GLOBAL OPPORTUNITIES | SH BEN INT | 18914E106 | 9,755 | 757,970 | SH | | SOLE | | 757,970 | 0 | 0 |
COHEN & STEERS INFRASTRUCTUR | COM | 19248A109 | 10,571 | 535,506 | SH | | SOLE | | 535,506 | 0 | 0 |
CUTWATER SELECT INCOME FD | COM | 232229104 | 3,441 | 193,410 | SH | | SOLE | | 193,410 | 0 | 0 |
DUFF & PHELPS UTIL CORP BD T | COM | 26432K108 | 104 | 9,989 | SH | | SOLE | | 9,989 | 0 | 0 |
DWS GLOBAL HIGH INCOME FD | COM | 23338W104 | 734 | 91,697 | SH | | SOLE | | 91,697 | 0 | 0 |
EATON VANCE RISK MNGD DIV EQ | COM | 27829G106 | 2,890 | 267,342 | SH | | SOLE | | 267,342 | 0 | 0 |
EATON VANCE TAX MNGD GBL DV | COM | 27829F108 | 23,651 | 2,521,429 | SH | | SOLE | | 2,521,429 | 0 | 0 |
EATON VANCE TX MGD DIV EQ IN | COM | 27828N102 | 4,033 | 400,100 | SH | | SOLE | | 400,100 | 0 | 0 |
EATON VANCE TXMGD GL BUYWR O | COM | 27829C105 | 5,741 | 506,300 | SH | | SOLE | | 506,300 | 0 | 0 |
ELLSWORTH FUND LTD | COM | 289074106 | 2,041 | 259,284 | SH | | SOLE | | 259,284 | 0 | 0 |
EUROPEAN EQUITY FUND | COM | 298768102 | 10,378 | 1,276,791 | SH | | SOLE | | 1,276,791 | 0 | 0 |
FIRST TRUST MORTGAGE INCM FD | COM SHS | 33734E103 | 3,221 | 207,012 | SH | | SOLE | | 207,012 | 0 | 0 |
FORT DEARBORN INCOME SECS IN | COM | 347200107 | 3,546 | 253,998 | SH | | SOLE | | 253,998 | 0 | 0 |
GABELLI DIVD & INCOME TR | COM | 36242H104 | 7,849 | 394,795 | SH | | SOLE | | 394,795 | 0 | 0 |
GDL FUND | COM SH BEN IT | 361570104 | 1,317 | 116,758 | SH | | SOLE | | 116,758 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 9,303 | 272,495 | SH | | SOLE | | 272,495 | 0 | 0 |
GREATER CHINA FD INC | COM | 39167B102 | 988 | 86,741 | SH | | SOLE | | 86,741 | 0 | 0 |
INDIA FD INC | COM | 454089103 | 11,127 | 581,048 | SH | | SOLE | | 581,048 | 0 | 0 |
INVESCO BD FD | COM | 46132L107 | 1,953 | 111,366 | SH | | SOLE | | 111,366 | 0 | 0 |
ISHARES | MSCI AUST ETF | 464286103 | 39,178 | 1,550,370 | SH | | SOLE | | 1,550,370 | 0 | 0 |
ISHARES | MSCI CDA ETF | 464286509 | 3,247 | 114,700 | SH | | SOLE | | 114,700 | 0 | 0 |
ISHARES | MSCI EAFE ETF | 464287465 | 1,626 | 25,488 | SH | | SOLE | | 25,488 | 0 | 0 |
ISHARES | MSCI FRANCE ETF | 464286707 | 39,062 | 1,453,200 | SH | | SOLE | | 1,453,200 | 0 | 0 |
ISHARES | MSCI JAPAN ETF | 464286848 | 89,875 | 7,539,814 | SH | | SOLE | | 7,539,814 | 0 | 0 |
ISHARES | MSCI UK ETF | 464286699 | 5,709 | 290,966 | SH | | SOLE | | 290,966 | 0 | 0 |
J F CHINA REGION FD INC | COM | 46614T107 | 2,164 | 147,832 | SH | | SOLE | | 147,832 | 0 | 0 |
JAPAN EQUITY FD INC | COM | 471057109 | 15,864 | 2,319,278 | SH | | SOLE | | 2,319,278 | 0 | 0 |
JAPAN SMALLER CAPTLZTN FD IN | COM | 47109U104 | 21,673 | 2,384,235 | SH | | SOLE | | 2,384,235 | 0 | 0 |
KOREA EQUITY FD INC | COM | 50063B104 | 4,089 | 470,031 | SH | | SOLE | | 470,031 | 0 | 0 |
KOREA FD | COM NEW | 500634209 | 20,196 | 519,716 | SH | | SOLE | | 519,716 | 0 | 0 |
LATIN AMERN DISCOVERY FD INC | COM | 51828C106 | 2,495 | 180,162 | SH | | SOLE | | 180,162 | 0 | 0 |
LAZARD GLB TTL RET&INCM FD I | COM | 52106W103 | 20,698 | 1,236,453 | SH | | SOLE | | 1,236,453 | 0 | 0 |
LAZARD WORLD DIVID & INCOME | COM | 521076109 | 1,229 | 91,775 | SH | | SOLE | | 91,775 | 0 | 0 |
LEGG MASON BW GLB INC OPP FD | COM | 52469B100 | 3,909 | 233,631 | SH | | SOLE | | 233,631 | 0 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 7,313 | 1,351,759 | SH | | SOLE | | 1,351,759 | 0 | 0 |
LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 | 164 | 33,279 | SH | | SOLE | | 33,279 | 0 | 0 |
MACQUARIE GLBL INFRA TOTL RE | COM | 55608D101 | 2,308 | 106,673 | SH | | SOLE | | 106,673 | 0 | 0 |
MADISON STRTG SECTOR PREM FD | COM | 558268108 | 529 | 45,507 | SH | | SOLE | | 45,507 | 0 | 0 |
MEXICO EQUITY & INCOME FD | COM | 592834105 | 4,645 | 303,173 | SH | | SOLE | | 303,173 | 0 | 0 |
MFS CHARTER INCOME TR | SH BEN INT | 552727109 | 2,040 | 227,881 | SH | | SOLE | | 227,881 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 1,320 | 232,803 | SH | | SOLE | | 232,803 | 0 | 0 |
MFS INTERMARKET INCOME TRUST | SH BEN INT | 59318R103 | 2,793 | 349,119 | SH | | SOLE | | 349,119 | 0 | 0 |
MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 | 1,115 | 168,708 | SH | | SOLE | | 168,708 | 0 | 0 |
MONTGOMERY STR INCOME SECS I | COM | 614115103 | 13,705 | 872,352 | SH | | SOLE | | 872,352 | 0 | 0 |
MORGAN STANLEY ASIA PAC FD I | COM | 61744U106 | 43,528 | 2,600,214 | SH | | SOLE | | 2,600,214 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 622 | 28,150 | SH | | SOLE | | 28,150 | 0 | 0 |
MORGAN STANLEY EASTN EUR FD | COM | 616988101 | 2,642 | 141,426 | SH | | SOLE | | 141,426 | 0 | 0 |
MORGAN STANLEY EM MKTS DM DE | COM | 617477104 | 1,252 | 88,784 | SH | | SOLE | | 88,784 | 0 | 0 |
MORGAN STANLEY EMER MKTS DEB | COM | 61744H105 | 371 | 37,100 | SH | | SOLE | | 37,100 | 0 | 0 |
MORGAN STANLEY EMER MKTS FD | COM | 61744G107 | 8,432 | 563,245 | SH | | SOLE | | 563,245 | 0 | 0 |
MORGAN STANLEY TRUSTS | INCOME SECS INC | 61745P874 | 5,814 | 349,616 | SH | | SOLE | | 349,616 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 39,403 | 1,913,684 | SH | | SOLE | | 1,913,684 | 0 | 0 |
NEW IRELAND FUND INC | COM | 645673104 | 3,081 | 261,522 | SH | | SOLE | | 261,522 | 0 | 0 |
NUVEEN BUILD AMER BD OPPTNY | COM | 67074Q102 | 2,146 | 115,755 | SH | | SOLE | | 115,755 | 0 | 0 |
NUVEEN DIVER CURRENCY OPPOR | COM | 67090N109 | 4,209 | 401,591 | SH | | SOLE | | 401,591 | 0 | 0 |
NUVEEN GBL INCOME OPPORTUN F | COM | 67073C104 | 976 | 83,174 | SH | | SOLE | | 83,174 | 0 | 0 |
PETROLEUM & RES CORP | COM | 716549100 | 5,165 | 191,011 | SH | | SOLE | | 191,011 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 4,476 | 917,276 | SH | | SOLE | | 917,276 | 0 | 0 |
PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | 9,478 | 1,801,908 | SH | | SOLE | | 1,801,908 | 0 | 0 |
ROYCE FOCUS TR | COM | 78080N108 | 286 | 39,612 | SH | | SOLE | | 39,612 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 1,380 | 117,811 | SH | | SOLE | | 117,811 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 2,192 | 136,091 | SH | | SOLE | | 136,091 | 0 | 0 |
SINGAPORE FD INC | COM | 82929L109 | 9,958 | 760,764 | SH | | SOLE | | 760,764 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 63,488 | 4,464,721 | SH | | SOLE | | 4,464,721 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 5,198 | 290,214 | SH | | SOLE | | 290,214 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 17,146 | 658,716 | SH | | SOLE | | 658,716 | 0 | 0 |
TEMPLETON EMERGING MKTS FD I | COM | 880191101 | 4,183 | 221,301 | SH | | SOLE | | 221,301 | 0 | 0 |
TEMPLETON RUS AND EAST EUR F | COM | 88022F105 | 446 | 30,400 | SH | | SOLE | | 30,400 | 0 | 0 |
THAI FD INC | COM | 882904105 | 14,763 | 742,964 | SH | | SOLE | | 742,964 | 0 | 0 |
TRANSAMERICA INCOME SHS INC | COM | 893506105 | 6,883 | 337,093 | SH | | SOLE | | 337,093 | 0 | 0 |
TRI CONTL CORP | COM | 895436103 | 12,838 | 700,762 | SH | | SOLE | | 700,762 | 0 | 0 |
TURKISH INVT FD INC | COM | 900145103 | 1,374 | 91,345 | SH | | SOLE | | 91,345 | 0 | 0 |
VANGUARD TAX MANAGED INTL FD | FTSE DEV MKT ETF | 921943858 | 18,199 | 459,800 | SH | | SOLE | | 459,800 | 0 | 0 |
VIRTUS GLOBAL MULTI-SEC INC | COM | 92829B101 | 1,491 | 87,702 | SH | | SOLE | | 87,702 | 0 | 0 |
WELLS FARGO ADVANTAGE MULTI | COM SHS | 94987D101 | 1,113 | 78,700 | SH | | SOLE | | 78,700 | 0 | 0 |
WESTERN ASSET CLYM INFL OPP | COM | 95766R104 | 15,225 | 1,312,520 | SH | | SOLE | | 1,312,520 | 0 | 0 |
WESTERN ASSET CLYM INFL SEC | COM SH BEN INT | 95766Q106 | 8,873 | 762,275 | SH | | SOLE | | 762,275 | 0 | 0 |
WESTERN ASSET GLOBAL CP DEFI | COM | 95790C107 | 4,975 | 279,637 | SH | | SOLE | | 279,637 | 0 | 0 |
WESTERN ASSET INCOME FD | COM | 95766T100 | 4,239 | 333,481 | SH | | SOLE | | 333,481 | 0 | 0 |
ZWEIG FD | COM NEW | 989834205 | 2,637 | 195,143 | SH | | SOLE | | 195,143 | 0 | 0 |
ZWEIG TOTAL RETURN FD INC | COM NEW | 989837208 | 1,614 | 123,195 | SH | | SOLE | | 123,195 | 0 | 0 |