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 INCOME | COM | 003009107 | 9,506 | 2,136,156 | SH | | SOLE | | 2,136,156 | 0 | 0 |
ABERDEEN AUSTRALIA EQUITY FD | COM | 003011103 | 10,998 | 2,086,879 | SH | | SOLE | | 2,086,879 | 0 | 0 |
ABERDEEN EMRG MRKTS EQT INM | COM | 00301W105 | 32,312 | 3,959,762 | SH | | SOLE | | 3,959,762 | 0 | 0 |
ABERDEEN GLOBAL DYNAMIC DIVI | COM | 00302M106 | 1,445 | 138,450 | SH | | SOLE | | 138,450 | 0 | 0 |
ABERDEEN GLOBAL PREMIER PPTY | COM SH BEN INT | 00302L108 | 7,162 | 1,361,530 | SH | | SOLE | | 1,361,530 | 0 | 0 |
ABERDEEN JAPAN EQUITY FD INC | COM | 00306J109 | 33,707 | 3,566,864 | SH | | SOLE | | 3,566,864 | 0 | 0 |
ABERDEEN TOTAL DYNAMIC DIVD | COM SH BEN INT | 00326L100 | 72,005 | 8,136,149 | SH | | SOLE | | 8,136,149 | 0 | 0 |
ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 | 37,326 | 2,158,836 | SH | | SOLE | | 2,158,836 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 | 17,791 | 1,233,775 | SH | | SOLE | | 1,233,775 | 0 | 0 |
ALLIANZGI DIVIDEND INT & PRM | COM | 01883A107 | 14,582 | 1,083,326 | SH | | SOLE | | 1,083,326 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 8,932 | 627,717 | SH | | SOLE | | 627,717 | 0 | 0 |
BLACKROCK ENHANCD CAP & INM | COM | 09256A109 | 11,625 | 668,122 | SH | | SOLE | | 668,122 | 0 | 0 |
BLACKROCK ENHANCED EQUITY DI | COM | 09251A104 | 7,804 | 921,396 | SH | | SOLE | | 921,396 | 0 | 0 |
BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 | 42,425 | 3,888,632 | SH | | SOLE | | 3,888,632 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 6,563 | 487,710 | SH | | SOLE | | 487,710 | 0 | 0 |
BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 | 42,627 | 7,261,818 | SH | | SOLE | | 7,261,818 | 0 | 0 |
BLACKROCK FLOATING RATE INCO | COM | 091941104 | 9,502 | 805,973 | SH | | SOLE | | 805,973 | 0 | 0 |
BLACKROCK MUNI INTER DR FD I | COM | 09253X102 | 10,460 | 703,407 | SH | | SOLE | | 703,407 | 0 | 0 |
BLACKROCK MUNIHLDS INVSTM QL | COM | 09254P108 | 3,359 | 238,579 | SH | | SOLE | | 238,579 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QUALI | COM | 09254A101 | 1,854 | 140,253 | SH | | SOLE | | 140,253 | 0 | 0 |
BLACKROCK MUNIHOLDINGS QUALI | COM | 09254C107 | 4,408 | 322,930 | SH | | SOLE | | 322,930 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 4,898 | 532,955 | SH | | SOLE | | 532,955 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 | 20,856 | 1,443,328 | SH | | SOLE | | 1,443,328 | 0 | 0 |
BLACKROCK NEW YORK MUN INCOM | COM | 09249U105 | 1,431 | 105,013 | SH | | SOLE | | 105,013 | 0 | 0 |
BLACKROCK RES & COMMODITIES | SHS | 09257A108 | 39,324 | 5,306,908 | SH | | SOLE | | 5,306,908 | 0 | 0 |
BLACKROCK SCIENCE & TECH TR | SHS BEN INT | 09260K101 | 19,707 | 541,689 | SH | | SOLE | | 541,689 | 0 | 0 |
CBRE CLARION GLOBAL REAL EST | COM | 12504G100 | 14,915 | 2,167,908 | SH | | SOLE | | 2,167,908 | 0 | 0 |
CENTRAL & EASTERN EUROPE FD | COM | 153436100 | 8,322 | 345,750 | SH | | SOLE | | 345,750 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 13,409 | 410,818 | SH | | SOLE | | 410,818 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 10,791 | 377,850 | SH | | SOLE | | 377,850 | 0 | 0 |
CLOUGH GLOBAL EQUITY FD | COM | 18914C100 | 913 | 66,549 | SH | | SOLE | | 66,549 | 0 | 0 |
DTF TAX-FREE INCOME INC | COM | 23334J107 | 3,797 | 254,857 | SH | | SOLE | | 254,857 | 0 | 0 |
DUFF & PHELPS UTIL CORP BD T | COM | 26432K108 | 17,297 | 1,726,277 | SH | | SOLE | | 1,726,277 | 0 | 0 |
DWS MUN INCOME TR | COM | 233368109 | 28,495 | 2,450,132 | SH | | SOLE | | 2,450,132 | 0 | 0 |
DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 | 3,909 | 342,855 | SH | | SOLE | | 342,855 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 2,260 | 192,347 | SH | | SOLE | | 192,347 | 0 | 0 |
EATON VANCE LTD DURATION INC | COM | 27828H105 | 28,813 | 2,299,488 | SH | | SOLE | | 2,299,488 | 0 | 0 |
EATON VANCE MUN BD FD | COM | 27827X101 | 10,431 | 766,980 | SH | | SOLE | | 766,980 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 16,604 | 1,240,973 | SH | | SOLE | | 1,240,973 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 971 | 47,365 | SH | | SOLE | | 47,365 | 0 | 0 |
EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | 1,794 | 146,108 | SH | | SOLE | | 146,108 | 0 | 0 |
EATON VANCE SHORT DURATION D | COM | 27828V104 | 1,041 | 84,248 | SH | | SOLE | | 84,248 | 0 | 0 |
EATON VANCE TAX-ADVANTAGED G | COM | 27828U106 | 1,363 | 53,931 | SH | | SOLE | | 53,931 | 0 | 0 |
EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 | 7,879 | 898,397 | SH | | SOLE | | 898,397 | 0 | 0 |
EATON VANCE TX ADV GLBL DIV | COM | 27828S101 | 10,330 | 566,051 | SH | | SOLE | | 566,051 | 0 | 0 |
EUROPEAN EQUITY FD INC | COM | 298768102 | 21,502 | 2,067,508 | SH | | SOLE | | 2,067,508 | 0 | 0 |
FEDERATED HERMES PREM MUNI I | COM | 31423P108 | 3,473 | 234,671 | SH | | SOLE | | 234,671 | 0 | 0 |
FIRST TR / ABERDEEN EMERGING | COM | 33731K102 | 2,236 | 156,145 | SH | | SOLE | | 156,145 | 0 | 0 |
FIRST TR DYNAMIC EUROPE EQUI | COM SHS | 33740D107 | 11,506 | 975,106 | SH | | SOLE | | 975,106 | 0 | 0 |
FIRST TRUST MORTGAGE INCM FD | COM SHS | 33734E103 | 6,072 | 436,476 | SH | | SOLE | | 436,476 | 0 | 0 |
GDL FD | COM SH BEN IT | 361570104 | 1,281 | 146,878 | SH | | SOLE | | 146,878 | 0 | 0 |
GENERAL AMERN INVS CO INC | COM | 368802104 | 30,499 | 820,086 | SH | | SOLE | | 820,086 | 0 | 0 |
GUGGENHEIM ENHANCED EQUITY I | COM | 40167B100 | 1,407 | 214,818 | SH | | SOLE | | 214,818 | 0 | 0 |
HANCOCK JOHN INCOME SECS TR | COM | 410123103 | 14,709 | 935,105 | SH | | SOLE | | 935,105 | 0 | 0 |
HANCOCK JOHN INVS TR | COM | 410142103 | 14,609 | 845,908 | SH | | SOLE | | 845,908 | 0 | 0 |
HANCOCK JOHN INVT TR | TAX ADV GLB SH | 41013P749 | 898 | 162,449 | SH | | SOLE | | 162,449 | 0 | 0 |
INDIA FD INC | COM | 454089103 | 3,467 | 173,697 | SH | | SOLE | | 173,697 | 0 | 0 |
ISHARES INC | MSCI AUST ETF | 464286103 | 14,722 | 614,701 | SH | | SOLE | | 614,701 | 0 | 0 |
ISHARES INC | MSCI CDA ETF | 464286509 | 1,850 | 60,000 | SH | | SOLE | | 60,000 | 0 | 0 |
ISHARES INC | MSCI EURZONE ETF | 464286608 | 87,861 | 1,993,216 | SH | | SOLE | | 1,993,216 | 0 | 0 |
ISHARES INC | MSCI FRANCE ETF | 464286707 | 4,945 | 148,690 | SH | | SOLE | | 148,690 | 0 | 0 |
ISHARES INC | MSCI JPN ETF NEW | 46434G822 | 256,584 | 3,797,875 | SH | | SOLE | | 3,797,875 | 0 | 0 |
ISHARES INC | MSCI SWITZERLAND | 464286749 | 32,714 | 732,180 | SH | | SOLE | | 732,180 | 0 | 0 |
ISHARES TR | BARCLAYS 7 10 YR | 464287440 | 151,227 | 1,260,750 | SH | | SOLE | | 1,260,750 | 0 | 0 |
ISHARES TR | MBS ETF | 464288588 | 80,066 | 727,013 | SH | | SOLE | | 727,013 | 0 | 0 |
ISHARES TR | MSCI EMG MKT ETF | 464287234 | 9,523 | 184,300 | SH | | SOLE | | 184,300 | 0 | 0 |
ISHARES TR | US TREAS BD ETF | 46429B267 | 51,374 | 1,885,975 | SH | | SOLE | | 1,885,975 | 0 | 0 |
JAPAN SMALLER CAPITALIZATION | COM | 47109U104 | 49,582 | 5,484,717 | SH | | SOLE | | 5,484,717 | 0 | 0 |
KOREA FD INC | COM NEW | 500634209 | 23,047 | 571,170 | SH | | SOLE | | 571,170 | 0 | 0 |
LAZARD GLOBAL TOTAL RETURN & | COM | 52106W103 | 5,664 | 318,013 | SH | | SOLE | | 318,013 | 0 | 0 |
LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 | 723 | 104,800 | SH | | SOLE | | 104,800 | 0 | 0 |
MACQUARIE GLOBAL INFRASTRUCT | COM | 55608D101 | 7,757 | 382,319 | SH | | SOLE | | 382,319 | 0 | 0 |
MEXICO FD INC | COM | 592835102 | 3,820 | 279,678 | SH | | SOLE | | 279,678 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 3,807 | 829,423 | SH | | SOLE | | 829,423 | 0 | 0 |
MFS INTER INCOME TR | SH BEN INT | 55273C107 | 34,840 | 9,144,459 | SH | | SOLE | | 9,144,459 | 0 | 0 |
MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 | 1,211 | 123,559 | SH | | SOLE | | 123,559 | 0 | 0 |
MFS MUN INCOME TR | SH BEN INT | 552738106 | 1,910 | 285,889 | SH | | SOLE | | 285,889 | 0 | 0 |
MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 | 1,780 | 229,661 | SH | | SOLE | | 229,661 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 35,732 | 1,613,197 | SH | | SOLE | | 1,613,197 | 0 | 0 |
MORGAN STANLEY EMER MKTS DEB | COM | 61744H105 | 2,233 | 241,142 | SH | | SOLE | | 241,142 | 0 | 0 |
MORGAN STANLEY INDIA INVT FD | COM | 61745C105 | 3,384 | 159,532 | SH | | SOLE | | 159,532 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 28,476 | 1,496,367 | SH | | SOLE | | 1,496,367 | 0 | 0 |
NEW IRELAND FD INC | COM | 645673104 | 8,803 | 848,085 | SH | | SOLE | | 848,085 | 0 | 0 |
NUVEEN AMT-FREE MUN VALUE FD | COM | 670695105 | 15,790 | 961,045 | SH | | SOLE | | 961,045 | 0 | 0 |
NUVEEN CALIF MUNICPAL VALUE | COM | 6706EB106 | 1,510 | 97,963 | SH | | SOLE | | 97,963 | 0 | 0 |
NUVEEN CORE EQUITY ALPHA FD | COM | 67090X107 | 1,064 | 75,607 | SH | | SOLE | | 75,607 | 0 | 0 |
NUVEEN CORPORATE INCM NOVEME | COM | 67077N106 | 4,009 | 435,800 | SH | | SOLE | | 435,800 | 0 | 0 |
NUVEEN DOW 30 DYNAMIC OVERWR | SHS | 67075F105 | 5,066 | 333,259 | SH | | SOLE | | 333,259 | 0 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 3,290 | 376,400 | SH | | SOLE | | 376,400 | 0 | 0 |
NUVEEN FLTNG RTE INCM OPP FD | COM SHS | 6706EN100 | 2,682 | 309,700 | SH | | SOLE | | 309,700 | 0 | 0 |
NUVEEN GEORGIA QLTY MUN INC | COM | 67072B107 | 3,730 | 285,392 | SH | | SOLE | | 285,392 | 0 | 0 |
NUVEEN INT DUR QUAL MUN TRM | COM | 670677103 | 2,256 | 153,139 | SH | | SOLE | | 153,139 | 0 | 0 |
NUVEEN MULTI-MKT INCOME FD | COM | 67075J107 | 8,168 | 1,136,074 | SH | | SOLE | | 1,136,074 | 0 | 0 |
NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 | 157 | 6,047 | SH | | SOLE | | 6,047 | 0 | 0 |
NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 | 2,334 | 151,835 | SH | | SOLE | | 151,835 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 3,936 | 466,340 | SH | | SOLE | | 466,340 | 0 | 0 |
NUVEEN S&P 500 BUY-WRITE INC | COM | 6706ER101 | 4,077 | 316,540 | SH | | SOLE | | 316,540 | 0 | 0 |
NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 | 5,409 | 506,730 | SH | | SOLE | | 506,730 | 0 | 0 |
NUVEEN SELECT TAX FREE INCOM | SH BEN INT | 67063C106 | 1,869 | 117,407 | SH | | SOLE | | 117,407 | 0 | 0 |
PIONEER MUN HIGH INCOME ADVA | COM | 723762100 | 7,956 | 682,902 | SH | | SOLE | | 682,902 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 7,910 | 781,646 | SH | | SOLE | | 781,646 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 5,027 | 311,480 | SH | | SOLE | | 311,480 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI CONS DISCR | 81369Y407 | 2,315 | 14,400 | SH | | SOLE | | 14,400 | 0 | 0 |
SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | 16,239 | 124,900 | SH | | SOLE | | 124,900 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 24,263 | 64,895 | SH | | SOLE | | 64,895 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 10,554 | 1,529,604 | SH | | SOLE | | 1,529,604 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 3,472 | 388,389 | SH | | SOLE | | 388,389 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 17,382 | 677,673 | SH | | SOLE | | 677,673 | 0 | 0 |
TEKLA HEALTHCARE INVS | SH BEN INT | 87911J103 | 3,743 | 157,079 | SH | | SOLE | | 157,079 | 0 | 0 |
TEKLA HEALTHCARE OPPORTUNITI | SHS | 879105104 | 1,699 | 83,379 | SH | | SOLE | | 83,379 | 0 | 0 |
TEKLA LIFE SCIENCES INVS | SH BEN INT | 87911K100 | 4,009 | 202,988 | SH | | SOLE | | 202,988 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 10,370 | 443,937 | SH | | SOLE | | 443,937 | 0 | 0 |
TEMPLETON EMERGING MKTS FD | COM | 880191101 | 26,555 | 1,418,560 | SH | | SOLE | | 1,418,560 | 0 | 0 |
TEMPLETON GLOBAL INCOME FD | COM | 880198106 | 12,379 | 2,250,765 | SH | | SOLE | | 2,250,765 | 0 | 0 |
VANGUARD INTL EQUITY INDEX F | ALLWRLD EX US | 922042775 | 1,453 | 24,900 | SH | | SOLE | | 24,900 | 0 | 0 |
VOYA ASIA PAC HIGH DIV EQT I | COM | 92912J102 | 2,304 | 267,022 | SH | | SOLE | | 267,022 | 0 | 0 |
VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 | 11,767 | 1,620,861 | SH | | SOLE | | 1,620,861 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 1,482 | 169,319 | SH | | SOLE | | 169,319 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 7,216 | 1,382,446 | SH | | SOLE | | 1,382,446 | 0 | 0 |
VOYA INTL HIGH DIV EQTY INM | COM | 92912Y109 | 537 | 117,205 | SH | | SOLE | | 117,205 | 0 | 0 |
WELLS FARGO GLOBAL DIVIDEND | COM | 94987C103 | 438 | 90,312 | SH | | SOLE | | 90,312 | 0 | 0 |
WESTERN ASSET HIGH INCOME OP | COM | 95766K109 | 1,832 | 370,161 | SH | | SOLE | | 370,161 | 0 | 0 |
WESTERN ASSET INTER MUNI FD | COM | 958435109 | 11,089 | 1,205,373 | SH | | SOLE | | 1,205,373 | 0 | 0 |
WESTERN ASSET MANAGED MUNS F | COM | 95766M105 | 12,383 | 964,384 | SH | | SOLE | | 964,384 | 0 | 0 |
WESTERN ASSET MUN DEF OPP TR | COM | 95768A109 | 1,618 | 77,693 | SH | | SOLE | | 77,693 | 0 | 0 |
WESTERN ASSET MUN HIGH INCOM | COM | 95766N103 | 1,423 | 189,440 | SH | | SOLE | | 189,440 | 0 | 0 |
WESTERN ASSET MUN PARTNERS F | COM | 95766P108 | 1,643 | 109,883 | SH | | SOLE | | 109,883 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 17,597 | 1,241,873 | SH | | SOLE | | 1,241,873 | 0 | 0 |
WESTERN ASST INFLTN LKD INM | COM SH BEN INT | 95766Q106 | 1,547 | 113,396 | SH | | SOLE | | 113,396 | 0 | 0 |
WESTERN AST INFL LKD OPP & I | COM | 95766R104 | 36,602 | 2,949,399 | SH | | SOLE | | 2,949,399 | 0 | 0 |