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 TOTAL DYNAMIC DIVD | COM SH BEN INT | 00326L100 | 35,731 | 4,422,185 | SH | | SOLE | | 4,422,185 | 0 | 0 |
ABRDN AUSTRALIA EQUITY FD IN | COM | 003011103 | 3,164 | 686,303 | SH | | SOLE | | 686,303 | 0 | 0 |
ABRDN EMRG MKTS EQTY INCM FD | COM | 00301W105 | 19,327 | 3,501,226 | SH | | SOLE | | 3,501,226 | 0 | 0 |
ABRDN JAPAN EQUITY FUND INC | COM | 00306J109 | 17,583 | 3,156,665 | SH | | SOLE | | 3,156,665 | 0 | 0 |
ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 | 37,817 | 2,465,240 | SH | | SOLE | | 2,465,240 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 | 4,163 | 359,771 | SH | | SOLE | | 359,771 | 0 | 0 |
BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 | 7,178 | 633,563 | SH | | SOLE | | 633,563 | 0 | 0 |
BLACKROCK CAP ALLOCATION TR | COM | 09260U109 | 2,609 | 178,100 | SH | | SOLE | | 178,100 | 0 | 0 |
BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 | 1,333 | 117,755 | SH | | SOLE | | 117,755 | 0 | 0 |
BLACKROCK CR ALLOCATION INCO | COM | 092508100 | 8,364 | 768,000 | SH | | SOLE | | 768,000 | 0 | 0 |
BLACKROCK ENHANCD CAP & INM | COM | 09256A109 | 1,204 | 68,461 | SH | | SOLE | | 68,461 | 0 | 0 |
BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 | 25,088 | 2,567,875 | SH | | SOLE | | 2,567,875 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 10,393 | 989,483 | SH | | SOLE | | 989,483 | 0 | 0 |
BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 | 19,234 | 3,801,237 | SH | | SOLE | | 3,801,237 | 0 | 0 |
BLACKROCK ESG CAP ALLC TR | SHS BEN INT | 09262F100 | 3,837 | 268,111 | SH | | SOLE | | 268,111 | 0 | 0 |
BLACKROCK FLOATING RATE INC | COM | 091941104 | 1,096 | 99,425 | SH | | SOLE | | 99,425 | 0 | 0 |
BLACKROCK HEALTH SCIENCS TR | COM SHS | 09260E105 | 13,737 | 836,082 | SH | | SOLE | | 836,082 | 0 | 0 |
BLACKROCK INCOME TR INC | COM | 09247F100 | 2,863 | 630,569 | SH | | SOLE | | 630,569 | 0 | 0 |
BLACKROCK INNOVATION AND GRW | SHS BEN INT | 09260Q108 | 4,026 | 507,000 | SH | | SOLE | | 507,000 | 0 | 0 |
BLACKROCK MUNI INCOME TR II | COM | 09249N101 | 2,299 | 208,052 | SH | | SOLE | | 208,052 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 5,977 | 802,239 | SH | | SOLE | | 802,239 | 0 | 0 |
BLACKROCK MUNIYIELD QUALITY | COM | 09254E103 | 8,670 | 743,532 | SH | | SOLE | | 743,532 | 0 | 0 |
BLACKROCK SCIENCE & TECHNOLO | SHS | 09258G104 | 1,463 | 45,038 | SH | | SOLE | | 45,038 | 0 | 0 |
BLACKROCK SCIENCE & TECHNOLO | SHS BEN INT | 09260K101 | 11,167 | 570,030 | SH | | SOLE | | 570,030 | 0 | 0 |
BNY MELLON MUN INCOME INC | COM | 05589T104 | 1,732 | 256,541 | SH | | SOLE | | 256,541 | 0 | 0 |
CENTRAL & EASTERN EUROPE FD | COM | 153436100 | 1,052 | 105,650 | SH | | SOLE | | 105,650 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 11,336 | 321,958 | SH | | SOLE | | 321,958 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 3,094 | 198,994 | SH | | SOLE | | 198,994 | 0 | 0 |
COHEN & STEERS TAX ADVAN PFD | COM | 19249X108 | 1,571 | 82,400 | SH | | SOLE | | 82,400 | 0 | 0 |
CREDIT SUISSE HIGH YIELD BD | SH BEN INT | 22544F103 | 7,577 | 4,009,144 | SH | | SOLE | | 4,009,144 | 0 | 0 |
CUSHING MLP & INFRASTRUCT | COM NEW | 231631300 | 2,779 | 100,026 | SH | | SOLE | | 100,026 | 0 | 0 |
DTF TAX-FREE INCOME 2028 TER | COM | 23334J107 | 7,080 | 597,955 | SH | | SOLE | | 597,955 | 0 | 0 |
DWS MUN INCOME TR | COM | 233368109 | 24,178 | 2,572,089 | SH | | SOLE | | 2,572,089 | 0 | 0 |
DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 | 4,944 | 542,155 | SH | | SOLE | | 542,155 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 1,834 | 197,854 | SH | | SOLE | | 197,854 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 5,265 | 481,244 | SH | | SOLE | | 481,244 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 6,798 | 379,967 | SH | | SOLE | | 379,967 | 0 | 0 |
EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | 1,509 | 162,052 | SH | | SOLE | | 162,052 | 0 | 0 |
EUROPEAN EQUITY FD INC | COM | 298768102 | 13,535 | 1,895,710 | SH | | SOLE | | 1,895,710 | 0 | 0 |
FEDERATED HERMES PREM MUNI I | COM | 31423P108 | 2,133 | 192,884 | SH | | SOLE | | 192,884 | 0 | 0 |
FIRST TR DYNAMIC EUROPE EQUI | COM SHS | 33740D107 | 14,760 | 1,326,187 | SH | | SOLE | | 1,326,187 | 0 | 0 |
FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 | 1,866 | 128,400 | SH | | SOLE | | 128,400 | 0 | 0 |
FIRST TR MTG INCOME FD | COM SHS | 33734E103 | 4,039 | 346,676 | SH | | SOLE | | 346,676 | 0 | 0 |
FRANKLIN LTD DURATION INCOME | COM | 35472T101 | 6,324 | 935,467 | SH | | SOLE | | 935,467 | 0 | 0 |
GABELLI DIVID & INCOME TR | COM | 36242H104 | 1,464 | 71,580 | SH | | SOLE | | 71,580 | 0 | 0 |
GAMCO NAT RES GOLD & INCOME | SH BEN INT | 36465E101 | 1,027 | 219,047 | SH | | SOLE | | 219,047 | 0 | 0 |
GENERAL AMERN INVS CO INC | COM | 368802104 | 35,679 | 1,009,014 | SH | | SOLE | | 1,009,014 | 0 | 0 |
HANCOCK JOHN INCOME SECS TR | COM | 410123103 | 10,581 | 929,756 | SH | | SOLE | | 929,756 | 0 | 0 |
INSIGHT SELECT INCOME FD | COM | 45781W109 | 15,799 | 983,165 | SH | | SOLE | | 983,165 | 0 | 0 |
INVESCO BD FD | COM | 46132L107 | 13,048 | 801,966 | SH | | SOLE | | 801,966 | 0 | 0 |
ISHARES INC | MSCI EURZONE ETF | 464286608 | 69,464 | 1,910,966 | SH | | SOLE | | 1,910,966 | 0 | 0 |
ISHARES INC | MSCI JPN ETF NEW | 46434G822 | 147,824 | 2,798,110 | SH | | SOLE | | 2,798,110 | 0 | 0 |
ISHARES INC | MSCI AUST ETF | 464286103 | 21,971 | 1,035,398 | SH | | SOLE | | 1,035,398 | 0 | 0 |
ISHARES INC | MSCI SWITZERLAND | 464286749 | 48,597 | 1,170,158 | SH | | SOLE | | 1,170,158 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 2,218 | 35,500 | SH | | SOLE | | 35,500 | 0 | 0 |
ISHARES TR | MBS ETF | 464288588 | 380 | 3,900 | SH | | SOLE | | 3,900 | 0 | 0 |
ISHARES TR | IBOXX INV CP ETF | 464287242 | 18,001 | 163,600 | SH | | SOLE | | 163,600 | 0 | 0 |
ISHARES TR | NATIONAL MUN ETF | 464288414 | 3,198 | 30,068 | SH | | SOLE | | 30,068 | 0 | 0 |
ISHARES TR | 7-10 YR TRSY BD | 464287440 | 98,433 | 962,200 | SH | | SOLE | | 962,200 | 0 | 0 |
ISHARES TR | BROAD USD HIGH | 46435U853 | 2,593 | 74,900 | SH | | SOLE | | 74,900 | 0 | 0 |
ISHARES TR | US TREAS BD ETF | 46429B267 | 59,208 | 2,477,325 | SH | | SOLE | | 2,477,325 | 0 | 0 |
ISHARES TR | SHRT NAT MUN ETF | 464288158 | 5,841 | 55,800 | SH | | SOLE | | 55,800 | 0 | 0 |
ISHARES TR | MSCI ACWI EX US | 464288240 | 74 | 1,650 | SH | | SOLE | | 1,650 | 0 | 0 |
JAPAN SMALLER CAPITALIZATION | COM | 47109U104 | 29,720 | 4,702,525 | SH | | SOLE | | 4,702,525 | 0 | 0 |
KOREA FD INC | COM NEW | 500634209 | 11,996 | 492,702 | SH | | SOLE | | 492,702 | 0 | 0 |
LMP CAP & INCOME FD INC | COM | 50208A102 | 886 | 71,923 | SH | | SOLE | | 71,923 | 0 | 0 |
MACQUARIE GLOBAL INFRASTRUCT | COM | 55608D101 | 9,371 | 403,925 | SH | | SOLE | | 403,925 | 0 | 0 |
MAINSTAY CBRE GBL INFRSTR ME | COM | 56064Q107 | 1,558 | 98,051 | SH | | SOLE | | 98,051 | 0 | 0 |
MEXICO FD INC | COM | 592835102 | 2,682 | 185,851 | SH | | SOLE | | 185,851 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 9,243 | 2,625,862 | SH | | SOLE | | 2,625,862 | 0 | 0 |
MFS INTER INCOME TR | SH BEN INT | 55273C107 | 26,972 | 9,081,562 | SH | | SOLE | | 9,081,562 | 0 | 0 |
MFS INVT GRADE MUN TR | SH BEN INT | 59318B108 | 809 | 106,735 | SH | | SOLE | | 106,735 | 0 | 0 |
MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 | 208 | 45,516 | SH | | SOLE | | 45,516 | 0 | 0 |
MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 | 4,657 | 500,213 | SH | | SOLE | | 500,213 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 20,795 | 1,228,316 | SH | | SOLE | | 1,228,316 | 0 | 0 |
MORGAN STANLEY INDIA INVT FD | COM | 61745C105 | 2,326 | 104,080 | SH | | SOLE | | 104,080 | 0 | 0 |
NEUBERGER BERMAN MUN FD INC | COM | 64124P101 | 459 | 40,984 | SH | | SOLE | | 40,984 | 0 | 0 |
NEUBERGER BERMAN NEXT GENERA | COMMON STOCK | 64133Q108 | 6,518 | 657,072 | SH | | SOLE | | 657,072 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 11,565 | 1,371,027 | SH | | SOLE | | 1,371,027 | 0 | 0 |
NEW IRELAND FD INC | COM | 645673104 | 3,806 | 480,511 | SH | | SOLE | | 480,511 | 0 | 0 |
NUVEEN AMT-FREE MUN VALUE FD | COM | 670695105 | 19,637 | 1,387,774 | SH | | SOLE | | 1,387,774 | 0 | 0 |
NUVEEN CALIF SELECT TAX FREE | SH BEN INT | 67063R103 | 105 | 7,700 | SH | | SOLE | | 7,700 | 0 | 0 |
NUVEEN CALIFORNIA MUNI VLU F | COM STK | 67062C107 | 5,213 | 597,113 | SH | | SOLE | | 597,113 | 0 | 0 |
NUVEEN CORE PLUS IMPACT FUND | COM BEN INT | 67080D103 | 20,130 | 1,717,539 | SH | | SOLE | | 1,717,539 | 0 | 0 |
NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 | 1,803 | 118,023 | SH | | SOLE | | 118,023 | 0 | 0 |
NUVEEN GEORGIA QLTY MUN INC | COM | 67072B107 | 643 | 60,063 | SH | | SOLE | | 60,063 | 0 | 0 |
NUVEEN INT DUR QUAL MUN TRM | COM | 670677103 | 241 | 18,915 | SH | | SOLE | | 18,915 | 0 | 0 |
NUVEEN MORTGAGE AND INCOME F | COM | 670735109 | 1,285 | 77,824 | SH | | SOLE | | 77,824 | 0 | 0 |
NUVEEN MULTI-MKT INCOME FD | COM | 67075J107 | 7,524 | 1,233,396 | SH | | SOLE | | 1,233,396 | 0 | 0 |
NUVEEN MUN INCOME FD INC | COM | 67062J102 | 4,925 | 531,837 | SH | | SOLE | | 531,837 | 0 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 19,670 | 2,202,674 | SH | | SOLE | | 2,202,674 | 0 | 0 |
NUVEEN N Y MUN VALUE FD | COM | 67062M105 | 2,140 | 251,456 | SH | | SOLE | | 251,456 | 0 | 0 |
NUVEEN N Y SELECT TAX FREE I | SH BEN INT | 67063V104 | 2,919 | 250,528 | SH | | SOLE | | 250,528 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 1,924 | 204,714 | SH | | SOLE | | 204,714 | 0 | 0 |
NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 | 4,845 | 527,753 | SH | | SOLE | | 527,753 | 0 | 0 |
NUVEEN SELECT TAX-FREE INCOM | SH BEN INT | 67062F100 | 11,803 | 862,138 | SH | | SOLE | | 862,138 | 0 | 0 |
PGIM SHORT DUR HIG YLD OPP F | COM | 69355J104 | 21,995 | 1,475,203 | SH | | SOLE | | 1,475,203 | 0 | 0 |
PIONEER FLOATING RATE FUND I | COM | 72369J102 | 1,551 | 174,606 | SH | | SOLE | | 174,606 | 0 | 0 |
PIONEER MUN HIGH INCOME OPPO | COMMON STOCK | 723760104 | 3,578 | 295,447 | SH | | SOLE | | 295,447 | 0 | 0 |
PIONEER MUNICIPAL HIGH INCOM | COM SHS | 723763108 | 961 | 103,582 | SH | | SOLE | | 103,582 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 3,186 | 934,172 | SH | | SOLE | | 934,172 | 0 | 0 |
PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | 6,510 | 1,713,031 | SH | | SOLE | | 1,713,031 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 8,448 | 1,010,526 | SH | | SOLE | | 1,010,526 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI INT-INDS | 81369Y704 | 7,680 | 87,935 | SH | | SOLE | | 87,935 | 0 | 0 |
SELECT SECTOR SPDR TR | SBI HEALTHCARE | 81369Y209 | 4,168 | 32,500 | SH | | SOLE | | 32,500 | 0 | 0 |
SELECT SECTOR SPDR TR | TECHNOLOGY | 81369Y803 | 2,145 | 16,875 | SH | | SOLE | | 16,875 | 0 | 0 |
SPDR S&P 500 ETF TR | TR UNIT | 78462F103 | 27,386 | 72,595 | SH | | SOLE | | 72,595 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 6,754 | 893,432 | SH | | SOLE | | 893,432 | 0 | 0 |
SSGA ACTIVE ETF TR | BLACKSTONE SENR | 78467V608 | 5,152 | 123,732 | SH | | SOLE | | 123,732 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 2,593 | 329,945 | SH | | SOLE | | 329,945 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 15,489 | 616,594 | SH | | SOLE | | 616,594 | 0 | 0 |
TCW STRATEGIC INCOME FD INC | COM | 872340104 | 8,910 | 1,844,761 | SH | | SOLE | | 1,844,761 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 2,975 | 208,606 | SH | | SOLE | | 208,606 | 0 | 0 |
TEMPLETON EMERGING MKTS FD | COM | 880191101 | 12,859 | 1,073,391 | SH | | SOLE | | 1,073,391 | 0 | 0 |
THORNBURG INCM BUILDER OPP T | COM | 885213108 | 1,124 | 77,434 | SH | | SOLE | | 77,434 | 0 | 0 |
TORTOISE ENERGY INDEPENDENC | COM | 89148K200 | 1,190 | 43,851 | SH | | SOLE | | 43,851 | 0 | 0 |
VIRTUS CONVERTIBLE & INC FD | COM | 92838U108 | 909 | 287,801 | SH | | SOLE | | 287,801 | 0 | 0 |
VIRTUS DIVIDEND INTEREST & P | COM | 92840R101 | 14,298 | 1,239,028 | SH | | SOLE | | 1,239,028 | 0 | 0 |
VIRTUS GLOBAL MULTI-SECTOR I | COM | 92829B101 | 1,084 | 131,223 | SH | | SOLE | | 131,223 | 0 | 0 |
VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 | 5,460 | 947,953 | SH | | SOLE | | 947,953 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 2,275 | 413,610 | SH | | SOLE | | 413,610 | 0 | 0 |
WESTERN ASSET DIVERSIFIED IN | COM SHS BEN INT | 95790K109 | 23,642 | 1,705,758 | SH | | SOLE | | 1,705,758 | 0 | 0 |
WESTERN ASSET HIGH INCOME OP | COM | 95766K109 | 3,674 | 927,658 | SH | | SOLE | | 927,658 | 0 | 0 |
WESTERN ASSET HIGH YIELD DEF | COM | 95768B107 | 1,216 | 99,871 | SH | | SOLE | | 99,871 | 0 | 0 |
WESTERN ASSET INTER MUNI FD | COM | 958435109 | 11,048 | 1,370,746 | SH | | SOLE | | 1,370,746 | 0 | 0 |
WESTERN ASSET INVESTMENT GRA | COM | 95766T100 | 7,546 | 625,176 | SH | | SOLE | | 625,176 | 0 | 0 |
WESTERN ASSET INVT GRADE DEF | COM | 95790A101 | 18,057 | 1,070,362 | SH | | SOLE | | 1,070,362 | 0 | 0 |
WESTERN ASSET MANAGED MUNS F | COM | 95766M105 | 13,444 | 1,271,890 | SH | | SOLE | | 1,271,890 | 0 | 0 |
WESTERN ASSET MUN HIGH INCOM | COM | 95766N103 | 1,004 | 152,883 | SH | | SOLE | | 152,883 | 0 | 0 |
WESTERN ASSET MUN PARTNERS F | COM | 95766P108 | 4,275 | 341,702 | SH | | SOLE | | 341,702 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 10,587 | 1,000,682 | SH | | SOLE | | 1,000,682 | 0 | 0 |
WESTERN AST INFL LKD OPP & I | COM | 95766R104 | 27,555 | 2,616,794 | SH | | SOLE | | 2,616,794 | 0 | 0 |