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 | 4,179 | 1,079,856 | SH | | SOLE | | 1,079,856 | 0 | 0 |
ABERDEEN AUSTRALIA EQTY FD I | COM | 003011103 | 4,545 | 956,873 | SH | | SOLE | | 956,873 | 0 | 0 |
ABERDEEN EMRG MRKTS EQT INM | COM | 00301W105 | 28,621 | 4,507,293 | SH | | SOLE | | 4,507,293 | 0 | 0 |
ABERDEEN GLOBAL DYNAMIC DIVI | COM | 00302M106 | 1,261 | 148,178 | SH | | SOLE | | 148,178 | 0 | 0 |
ABERDEEN GLOBAL PREMIER PPTY | COM SH BEN INT | 00302L108 | 8,797 | 1,766,445 | SH | | SOLE | | 1,766,445 | 0 | 0 |
ABERDEEN JAPAN EQUITY FD INC | COM | 00306J109 | 18,380 | 2,832,060 | SH | | SOLE | | 2,832,060 | 0 | 0 |
ABERDEEN TOTAL DYNAMIC DIVD | COM SH BEN INT | 00326L100 | 63,293 | 8,778,469 | SH | | SOLE | | 8,778,469 | 0 | 0 |
ADAM NAT RES FD INC | COM | 00548F105 | 2,323 | 159,449 | SH | | SOLE | | 159,449 | 0 | 0 |
ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 | 27,734 | 2,197,589 | SH | | SOLE | | 2,197,589 | 0 | 0 |
ALLIANCEBERNSTEIN GBL HGH IN | COM | 01879R106 | 8,628 | 819,414 | SH | | SOLE | | 819,414 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUNI | COM | 01864U106 | 7,559 | 623,200 | SH | | SOLE | | 623,200 | 0 | 0 |
ALLIANZGI NFJ DIVID INT & PR | COM | 01883A107 | 10,121 | 947,699 | SH | | SOLE | | 947,699 | 0 | 0 |
ASIA PAC FD INC | COM | 044901106 | 4,296 | 376,081 | SH | | SOLE | | 376,081 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 1,663 | 138,900 | SH | | SOLE | | 138,900 | 0 | 0 |
BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 | 11,019 | 903,200 | SH | | SOLE | | 903,200 | 0 | 0 |
BLACKROCK CR ALLCTN INC TR | COM | 092508100 | 11,505 | 1,029,108 | SH | | SOLE | | 1,029,108 | 0 | 0 |
BLACKROCK ENH CAP & INC FD I | COM | 09256A109 | 9,171 | 651,343 | SH | | SOLE | | 651,343 | 0 | 0 |
BLACKROCK ENHANCED EQT DIV T | COM | 09251A104 | 9,783 | 1,259,015 | SH | | SOLE | | 1,259,015 | 0 | 0 |
BLACKROCK ENHANCED GBL DIV T | COM | 092501105 | 34,957 | 3,730,739 | SH | | SOLE | | 3,730,739 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 9,472 | 729,742 | SH | | SOLE | | 729,742 | 0 | 0 |
BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 | 25,318 | 5,083,925 | SH | | SOLE | | 5,083,925 | 0 | 0 |
BLACKROCK FLOATING RATE INCO | COM | 091941104 | 8,036 | 695,800 | SH | | SOLE | | 695,800 | 0 | 0 |
BLACKROCK INCOME TR INC | COM | 09247F100 | 10,433 | 1,849,904 | SH | | SOLE | | 1,849,904 | 0 | 0 |
BLACKROCK MUN INCOME TR | SH BEN INT | 09248F109 | 1,037 | 85,063 | SH | | SOLE | | 85,063 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 8,080 | 638,704 | SH | | SOLE | | 638,704 | 0 | 0 |
BLACKROCK MUNIHLDNGS QLTY II | COM | 09254C107 | 1,233 | 107,500 | SH | | SOLE | | 107,500 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 1,325 | 104,000 | SH | | SOLE | | 104,000 | 0 | 0 |
BLACKROCK MUNIHOLDNGS QLTY I | COM | 09254A101 | 784 | 69,249 | SH | | SOLE | | 69,249 | 0 | 0 |
BLACKROCK MUNIVEST FD II INC | COM | 09253T101 | 1,181 | 90,428 | SH | | SOLE | | 90,428 | 0 | 0 |
BLACKROCK MUNIYIELD QLTY FD | COM | 09254E103 | 6,309 | 523,600 | SH | | SOLE | | 523,600 | 0 | 0 |
BLACKROCK N Y MUN INCOME TR | SH BEN INT | 09248L106 | 1,592 | 130,074 | SH | | SOLE | | 130,074 | 0 | 0 |
BLACKROCK RES & COMM STRAT T | SHS | 09257A108 | 37,870 | 5,363,952 | SH | | SOLE | | 5,363,952 | 0 | 0 |
BRANDYWINEGBL GLBAL INM OPRT | COM | 10537L104 | 4,851 | 467,339 | SH | | SOLE | | 467,339 | 0 | 0 |
CBRE CLARION GLOBAL REAL EST | COM | 12504G100 | 14,445 | 2,344,902 | SH | | SOLE | | 2,344,902 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 8,877 | 357,501 | SH | | SOLE | | 357,501 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 7,422 | 439,430 | SH | | SOLE | | 439,430 | 0 | 0 |
DELAWARE ENHANCED GBL DIV & | COM | 246060107 | 518 | 59,493 | SH | | SOLE | | 59,493 | 0 | 0 |
DREYFUS MUN INCOME INC | COM | 26201R102 | 977 | 128,180 | SH | | SOLE | | 128,180 | 0 | 0 |
DTF TAX-FREE INCOME INC | COM | 23334J107 | 1,303 | 105,284 | SH | | SOLE | | 105,284 | 0 | 0 |
DUFF & PHELPS UTIL CORP BD T | COM | 26432K108 | 11,461 | 1,394,329 | SH | | SOLE | | 1,394,329 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 7,451 | 723,400 | SH | | SOLE | | 723,400 | 0 | 0 |
DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 | 1,482 | 143,619 | SH | | SOLE | | 143,619 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 1,111 | 112,200 | SH | | SOLE | | 112,200 | 0 | 0 |
EATON VANCE LTD DUR INCOME F | COM | 27828H105 | 25,172 | 2,111,778 | SH | | SOLE | | 2,111,778 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 12,057 | 1,067,921 | SH | | SOLE | | 1,067,921 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 8,468 | 748,678 | SH | | SOLE | | 748,678 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 1,100 | 59,200 | SH | | SOLE | | 59,200 | 0 | 0 |
EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | 866 | 78,700 | SH | | SOLE | | 78,700 | 0 | 0 |
EATON VANCE SH TM DR DIVR IN | COM | 27828V104 | 12,559 | 1,008,724 | SH | | SOLE | | 1,008,724 | 0 | 0 |
EUROPEAN EQUITY FUND | COM | 298768102 | 12,212 | 1,579,786 | SH | | SOLE | | 1,579,786 | 0 | 0 |
FEDERATED PREM MUN INC FD | COM | 31423P108 | 1,764 | 143,770 | SH | | SOLE | | 143,770 | 0 | 0 |
FIRST TR DYNAMIC EUROPE EQT | COM SHS | 33740D107 | 10,911 | 863,190 | SH | | SOLE | | 863,190 | 0 | 0 |
FIRST TR/ABERDEEN EMERG OPT | COM | 33731K102 | 2,759 | 226,889 | SH | | SOLE | | 226,889 | 0 | 0 |
FIRST TRUST MORTGAGE INCM FD | COM SHS | 33734E103 | 6,890 | 526,762 | SH | | SOLE | | 526,762 | 0 | 0 |
GENERAL AMERN INVS INC | COM | 368802104 | 18,396 | 646,822 | SH | | SOLE | | 646,822 | 0 | 0 |
HANCOCK JOHN INCOME SECS TR | COM | 410123103 | 9,277 | 729,353 | SH | | SOLE | | 729,353 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 10,048 | 711,633 | SH | | SOLE | | 711,633 | 0 | 0 |
INDIA FD INC | COM | 454089103 | 2,190 | 108,186 | SH | | SOLE | | 108,186 | 0 | 0 |
INVESCO BD FD | COM | 46132L107 | 5,371 | 319,886 | SH | | SOLE | | 319,886 | 0 | 0 |
ISHARES INC | MSCI AUST ETF | 464286103 | 78,332 | 4,069,202 | SH | | SOLE | | 4,069,202 | 0 | 0 |
ISHARES INC | MSCI EURZONE ETF | 464286608 | 70,926 | 2,022,980 | SH | | SOLE | | 2,022,980 | 0 | 0 |
ISHARES INC | MSCI FRANCE ETF | 464286707 | 46,579 | 1,756,374 | SH | | SOLE | | 1,756,374 | 0 | 0 |
ISHARES INC | MSCI SWITZERLAND | 464286749 | 19,733 | 626,051 | SH | | SOLE | | 626,051 | 0 | 0 |
ISHARES INC | MSCI GERMANY ETF | 464286806 | 62,066 | 2,448,376 | SH | | SOLE | | 2,448,376 | 0 | 0 |
ISHARES INC | MSCI JPN ETF NEW | 46434G822 | 205,861 | 4,061,178 | SH | | SOLE | | 4,061,178 | 0 | 0 |
ISHARES TR | BARCLAYS 7 10 YR | 464287440 | 8,815 | 84,600 | SH | | SOLE | | 84,600 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 879 | 14,950 | SH | | SOLE | | 14,950 | 0 | 0 |
JAPAN SMALLER CAPTLZTN FD IN | COM | 47109U104 | 42,224 | 5,074,975 | SH | | SOLE | | 5,074,975 | 0 | 0 |
KOREA FD | COM NEW | 500634209 | 13,384 | 478,179 | SH | | SOLE | | 478,179 | 0 | 0 |
LAZARD GLB TTL RET&INCM FD I | COM | 52106W103 | 3,835 | 281,597 | SH | | SOLE | | 281,597 | 0 | 0 |
LAZARD WORLD DIVID & INCOME | COM | 521076109 | 385 | 45,196 | SH | | SOLE | | 45,196 | 0 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 24,799 | 4,609,487 | SH | | SOLE | | 4,609,487 | 0 | 0 |
LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 | 1,665 | 379,312 | SH | | SOLE | | 379,312 | 0 | 0 |
LMP CAP & INCOME FD INC | COM | 50208A102 | 578 | 54,100 | SH | | SOLE | | 54,100 | 0 | 0 |
MACQUARIE GLBL INFRA TOTL RE | COM | 55608D101 | 11,112 | 590,742 | SH | | SOLE | | 590,742 | 0 | 0 |
MEXICO EQUITY & INCOME FD | COM | 592834105 | 2,854 | 283,392 | SH | | SOLE | | 283,392 | 0 | 0 |
MEXICO FD INC | COM | 592835102 | 3,390 | 255,844 | SH | | SOLE | | 255,844 | 0 | 0 |
MFS CHARTER INCOME TR | SH BEN INT | 552727109 | 10,227 | 1,395,223 | SH | | SOLE | | 1,395,223 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 15,404 | 3,430,751 | SH | | SOLE | | 3,430,751 | 0 | 0 |
MFS INTER INCOME TR | SH BEN INT | 55273C107 | 38,613 | 10,521,357 | SH | | SOLE | | 10,521,357 | 0 | 0 |
MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 | 745 | 84,896 | SH | | SOLE | | 84,896 | 0 | 0 |
MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 | 6,437 | 1,257,272 | SH | | SOLE | | 1,257,272 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 2,039 | 332,068 | SH | | SOLE | | 332,068 | 0 | 0 |
MORGAN STANLEY ASIA PAC FD I | COM | 61744U106 | 19,728 | 1,199,252 | SH | | SOLE | | 1,199,252 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 25,860 | 1,416,204 | SH | | SOLE | | 1,416,204 | 0 | 0 |
MORGAN STANLEY EMER MKTS FD | COM | 61744G107 | 16,394 | 1,017,624 | SH | | SOLE | | 1,017,624 | 0 | 0 |
MORGAN STANLEY INDIA INVS FD | COM | 61745C105 | 1,249 | 62,308 | SH | | SOLE | | 62,308 | 0 | 0 |
NEUBERGER BERMAN MUNI FD INC | COM | 64124P101 | 1,509 | 119,197 | SH | | SOLE | | 119,197 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 14,085 | 1,203,804 | SH | | SOLE | | 1,203,804 | 0 | 0 |
NEW IRELAND FUND INC | COM | 645673104 | 4,881 | 584,523 | SH | | SOLE | | 584,523 | 0 | 0 |
NUVEEN AMT FREE QLTY MUN INC | COM | 670657105 | 10,684 | 867,900 | SH | | SOLE | | 867,900 | 0 | 0 |
NUVEEN AMT-FREE MUN VALUE FD | COM | 670695105 | 6,605 | 447,205 | SH | | SOLE | | 447,205 | 0 | 0 |
NUVEEN CALIF MUN VALUE FD | COM | 67062C107 | 2,240 | 246,139 | SH | | SOLE | | 246,139 | 0 | 0 |
NUVEEN DOW 30 DYN OVERWRITE | SHS | 67075F105 | 690 | 42,775 | SH | | SOLE | | 42,775 | 0 | 0 |
NUVEEN ENHANCED MUN VALUE FD | COM | 67074M101 | 1,125 | 87,400 | SH | | SOLE | | 87,400 | 0 | 0 |
NUVEEN GEORGIA QLTY MUN INC | COM | 67072B107 | 1,154 | 105,380 | SH | | SOLE | | 105,380 | 0 | 0 |
NUVEEN MULTI MKT INCOME FD | COM | 67075J107 | 6,338 | 925,215 | SH | | SOLE | | 925,215 | 0 | 0 |
NUVEEN MUN INCOME FD INC | COM | 67062J102 | 1,479 | 145,809 | SH | | SOLE | | 145,809 | 0 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 10,501 | 1,132,800 | SH | | SOLE | | 1,132,800 | 0 | 0 |
NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 | 658 | 32,920 | SH | | SOLE | | 32,920 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 7,904 | 630,264 | SH | | SOLE | | 630,264 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 3,059 | 361,610 | SH | | SOLE | | 361,610 | 0 | 0 |
NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 | 2,674 | 278,637 | SH | | SOLE | | 278,637 | 0 | 0 |
NUVEEN SELECT TAX FREE INCM | SH BEN INT | 67062F100 | 2,916 | 207,238 | SH | | SOLE | | 207,238 | 0 | 0 |
NUVEEN SELECT TAX FREE INCM | SH BEN INT | 67063C106 | 8,881 | 662,253 | SH | | SOLE | | 662,253 | 0 | 0 |
NUVEEN SELECT TAX FREE INCM | SH BEN INT | 67063X100 | 3,479 | 243,281 | SH | | SOLE | | 243,281 | 0 | 0 |
NUVEEN TEXAS QLTY MUN INCME | COM | 670983105 | 1,289 | 104,046 | SH | | SOLE | | 104,046 | 0 | 0 |
NUVEEN VIRGINIA QLTY MUNCPL | COM | 67064R102 | 1,315 | 112,172 | SH | | SOLE | | 112,172 | 0 | 0 |
PGIM GLOBAL SHORT DURATION H | COM | 69346J106 | 6,317 | 488,900 | SH | | SOLE | | 488,900 | 0 | 0 |
PGIM SHORT DURATION HIGH YIE | COM | 69346H100 | 8,877 | 681,285 | SH | | SOLE | | 681,285 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 6,945 | 1,634,134 | SH | | SOLE | | 1,634,134 | 0 | 0 |
PUTNAM MUN OPPORTUNITIES TR | SH BEN INT | 746922103 | 685 | 61,000 | SH | | SOLE | | 61,000 | 0 | 0 |
PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | 2,374 | 506,100 | SH | | SOLE | | 506,100 | 0 | 0 |
ROYCE GLOBAL VALUE TR INC | COM | 78081T104 | 2,114 | 238,107 | SH | | SOLE | | 238,107 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,565 | 132,650 | SH | | SOLE | | 132,650 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | 2,612 | 40,550 | SH | | SOLE | | 40,550 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 31,864 | 127,495 | SH | | SOLE | | 127,495 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 7,651 | 1,323,695 | SH | | SOLE | | 1,323,695 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 2,262 | 327,893 | SH | | SOLE | | 327,893 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 6,579 | 433,996 | SH | | SOLE | | 433,996 | 0 | 0 |
TEKLA HEALTHCARE OPPORTUNIT | SHS | 879105104 | 1,893 | 112,807 | SH | | SOLE | | 112,807 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 12,015 | 706,778 | SH | | SOLE | | 706,778 | 0 | 0 |
TEMPLETON EMERGING MKTS FD I | COM | 880191101 | 17,809 | 1,349,156 | SH | | SOLE | | 1,349,156 | 0 | 0 |
TEMPLETON GLOBAL INCOME FD | COM | 880198106 | 4,873 | 808,176 | SH | | SOLE | | 808,176 | 0 | 0 |
THE CENTRAL AND EASTERN EU I | COM | 153436100 | 7,083 | 322,252 | SH | | SOLE | | 322,252 | 0 | 0 |
TRI CONTL CORP | COM | 895436103 | 6,814 | 289,728 | SH | | SOLE | | 289,728 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | FTSE EUROPE ETF | 922042874 | 21,330 | 438,708 | SH | | SOLE | | 438,708 | 0 | 0 |
VOYA ASIA PAC DIVID EQUITY I | COM | 92912J102 | 2,068 | 242,382 | SH | | SOLE | | 242,382 | 0 | 0 |
VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 | 13,299 | 1,824,318 | SH | | SOLE | | 1,824,318 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 936 | 101,685 | SH | | SOLE | | 101,685 | 0 | 0 |
WESTERN ASSET EMRG MKT DEBT | COM | 95766A101 | 5,001 | 406,900 | SH | | SOLE | | 406,900 | 0 | 0 |
WESTERN ASSET GLOBAL CP DEFI | COM | 95790C107 | 4,614 | 308,020 | SH | | SOLE | | 308,020 | 0 | 0 |
WESTERN ASSET HIGH INCM FD I | COM | 95766J102 | 2,076 | 360,400 | SH | | SOLE | | 360,400 | 0 | 0 |
WESTERN ASSET HIGH INCM OPP | COM | 95766K109 | 1,190 | 271,700 | SH | | SOLE | | 271,700 | 0 | 0 |
WESTERN ASSET INTM MUNI FD I | COM | 958435109 | 3,468 | 415,300 | SH | | SOLE | | 415,300 | 0 | 0 |
WESTERN ASSET INVT GRADE DEF | COM | 95790A101 | 2,454 | 132,200 | SH | | SOLE | | 132,200 | 0 | 0 |
WESTERN ASSET MUN HI INCM FD | COM | 95766N103 | 418 | 60,318 | SH | | SOLE | | 60,318 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 12,193 | 1,008,487 | SH | | SOLE | | 1,008,487 | 0 | 0 |
WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 | 16,444 | 1,552,813 | SH | | SOLE | | 1,552,813 | 0 | 0 |
WESTERN AST INFL LKD OPP & I | COM | 95766R104 | 26,354 | 2,596,500 | SH | | SOLE | | 2,596,500 | 0 | 0 |