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 |
ABRDN AUSTRALIA EQUITY FD IN | COM | 003011103 | 9,213,332 | 2,162,754 | SH | | SOLE | | 2,162,754 | 0 | 0 |
ABRDN EMRG MKTS EQTY INCM FD | COM | 00301W105 | 18,218,708 | 3,607,665 | SH | | SOLE | | 3,607,665 | 0 | 0 |
ABRDN GLOBAL INFRA INCOME FU | COM SHS BEN INT | 00326W106 | 1,979,480 | 111,520 | SH | | SOLE | | 111,520 | 0 | 0 |
ABRDN HEALTHCARE OPPORTUNITI | SHS | 879105104 | 9,936,455 | 494,351 | SH | | SOLE | | 494,351 | 0 | 0 |
ABRDN JAPAN EQUITY FUND INC | COM | 00306J109 | 20,192,558 | 3,241,181 | SH | | SOLE | | 3,241,181 | 0 | 0 |
ABRDN LIFE SCIENCES INVESTOR | SH BEN INT | 87911K100 | 6,561,196 | 481,379 | SH | | SOLE | | 481,379 | 0 | 0 |
ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 | 597,394 | 72,062 | SH | | SOLE | | 72,062 | 0 | 0 |
ADAM NAT RES FD INC | COM | 00548F105 | 3,185,578 | 138,143 | SH | | SOLE | | 138,143 | 0 | 0 |
ADAMS DIVERSIFIED EQUITY FD | COM | 006212104 | 36,831,605 | 1,886,865 | SH | | SOLE | | 1,886,865 | 0 | 0 |
ALLIANCEBERNSTEIN NATL MUN I | COM | 01864U106 | 1,274,818 | 115,998 | SH | | SOLE | | 115,998 | 0 | 0 |
ALLSPRING GLOBAL DIVIDEND OP | COM | 94987C103 | 1,449,336 | 301,945 | SH | | SOLE | | 301,945 | 0 | 0 |
ALLSPRING UTILITIES AND HIGH | WF UTILITIES INC | 94987E109 | 4,201,404 | 445,064 | SH | | SOLE | | 445,064 | 0 | 0 |
BLACKROCK CAP ALLOCATION TER | COM | 09260U109 | 1,398,240 | 83,928 | SH | | SOLE | | 83,928 | 0 | 0 |
BLACKROCK CR ALLOCATION INCO | COM | 092508100 | 1,986,373 | 185,816 | SH | | SOLE | | 185,816 | 0 | 0 |
BLACKROCK ENHANCED GLOBAL DI | COM | 092501105 | 21,589,220 | 2,063,979 | SH | | SOLE | | 2,063,979 | 0 | 0 |
BLACKROCK ENHANCED GOVT FD I | COM | 09255K108 | 4,255,762 | 448,447 | SH | | SOLE | | 448,447 | 0 | 0 |
BLACKROCK ENHANCED INTL DIV | COM BENE INTER | 092524107 | 12,646,104 | 2,286,818 | SH | | SOLE | | 2,286,818 | 0 | 0 |
BLACKROCK HEALTH SCIENCES TE | COM SHS | 09260E105 | 22,007,918 | 1,342,765 | SH | | SOLE | | 1,342,765 | 0 | 0 |
BLACKROCK HEALTH SCIENCES TR | COM | 09250W107 | 5,116,887 | 123,477 | SH | | SOLE | | 123,477 | 0 | 0 |
BLACKROCK INNOVATION AND GRW | SHS BEN INT | 09260Q108 | 5,339,368 | 655,942 | SH | | SOLE | | 655,942 | 0 | 0 |
BLACKROCK MUN TARGET TERM TR | COM SHS BEN IN | 09257P105 | 3,719,933 | 176,635 | SH | | SOLE | | 176,635 | 0 | 0 |
BLACKROCK MUNIVEST FD INC | COM | 09253R105 | 3,058,801 | 433,258 | SH | | SOLE | | 433,258 | 0 | 0 |
BLACKROCK SCIENCE & TECHNOLO | SHS BEN INT | 09260K101 | 14,452,360 | 744,967 | SH | | SOLE | | 744,967 | 0 | 0 |
BLACKSTONE SENI FLTN RAT 202 | COM | 09256U105 | 1,156,732 | 80,721 | SH | | SOLE | | 80,721 | 0 | 0 |
BNY MELLON HIGH YIELD STRATE | SH BEN INT | 09660L105 | 2,100,231 | 867,864 | SH | | SOLE | | 867,864 | 0 | 0 |
BNY MELLON MUN INCOME INC | COM | 05589T104 | 2,565,334 | 375,598 | SH | | SOLE | | 375,598 | 0 | 0 |
CENTRAL SECS CORP | COM | 155123102 | 13,897,923 | 332,725 | SH | | SOLE | | 332,725 | 0 | 0 |
CHINA FD INC | COM | 169373107 | 3,334,882 | 333,822 | SH | | SOLE | | 333,822 | 0 | 0 |
CREDIT SUISSE HIGH YIELD BD | SH BEN INT | 22544F103 | 4,764,259 | 2,358,544 | SH | | SOLE | | 2,358,544 | 0 | 0 |
DTF TAX-FREE INCOME 2028 TER | COM | 23334J107 | 4,102,135 | 381,594 | SH | | SOLE | | 381,594 | 0 | 0 |
DWS MUN INCOME TR NEW | COM | 233368109 | 14,044,720 | 1,555,340 | SH | | SOLE | | 1,555,340 | 0 | 0 |
DWS STRATEGIC MUN INCOME TR | COM | 23342Q101 | 3,190,302 | 356,857 | SH | | SOLE | | 356,857 | 0 | 0 |
EATON VANCE CALIF MUN BD FD | COM | 27828A100 | 1,658,607 | 175,514 | SH | | SOLE | | 175,514 | 0 | 0 |
EATON VANCE ENHANCED EQUITY | COM | 278277108 | 3,332,286 | 165,210 | SH | | SOLE | | 165,210 | 0 | 0 |
EATON VANCE LTD DURATION INC | COM | 27828H105 | 1,329,900 | 136,400 | SH | | SOLE | | 136,400 | 0 | 0 |
EATON VANCE MUN INCOME 2028 | SHS | 27829U105 | 2,298,791 | 128,856 | SH | | SOLE | | 128,856 | 0 | 0 |
EATON VANCE MUNI INCOME TRUS | SH BEN INT | 27826U108 | 2,047,478 | 199,754 | SH | | SOLE | | 199,754 | 0 | 0 |
EATON VANCE NATL MUN OPPORT | COM SHS | 27829L105 | 8,228,789 | 496,009 | SH | | SOLE | | 496,009 | 0 | 0 |
EATON VANCE NEW YORK MUN BD | COM | 27827Y109 | 1,566,728 | 161,352 | SH | | SOLE | | 161,352 | 0 | 0 |
EATON VANCE TAX ADVT DIV INC | COM | 27828G107 | 5,532,312 | 234,420 | SH | | SOLE | | 234,420 | 0 | 0 |
EATON VANCE TAX MNGED BUY WR | COM | 27828X100 | 9,832,163 | 720,305 | SH | | SOLE | | 720,305 | 0 | 0 |
EATON VANCE TAX-ADVANTAGED G | COM | 27828U106 | 4,685,549 | 187,572 | SH | | SOLE | | 187,572 | 0 | 0 |
EATON VANCE TAX-MANAGED GLOB | COM | 27829F108 | 20,025,750 | 2,454,136 | SH | | SOLE | | 2,454,136 | 0 | 0 |
EATON VANCE TAX-MANAGED GLOB | COM | 27829C105 | 4,351,420 | 530,661 | SH | | SOLE | | 530,661 | 0 | 0 |
EATON VANCE TX ADV GLBL DIV | COM | 27828S101 | 10,772,920 | 590,297 | SH | | SOLE | | 590,297 | 0 | 0 |
EUROPEAN EQUITY FD INC | COM | 298768102 | 16,942,953 | 1,901,566 | SH | | SOLE | | 1,901,566 | 0 | 0 |
FEDERATED HERMES PREM MUNI I | COM | 31423P108 | 3,513,585 | 317,397 | SH | | SOLE | | 317,397 | 0 | 0 |
FIRST TR HIGH YIELD OPPRT 20 | COM | 33741Q107 | 3,328,424 | 228,915 | SH | | SOLE | | 228,915 | 0 | 0 |
FIRST TR MTG INCOME FD | COM SHS | 33734E103 | 1,742,474 | 143,119 | SH | | SOLE | | 143,119 | 0 | 0 |
FIRST TR SR FLTG RATE INCOME | COM | 33733U108 | 5,832,070 | 563,485 | SH | | SOLE | | 563,485 | 0 | 0 |
FLAHERTY & CRUMRINE PFD SECS | COM | 338478100 | 672,141 | 45,262 | SH | | SOLE | | 45,262 | 0 | 0 |
FRANKLIN LTD DURATION INCOME | COM | 35472T101 | 3,299,694 | 526,267 | SH | | SOLE | | 526,267 | 0 | 0 |
GABELLI DIVID & INCOME TR | COM | 36242H104 | 18,492,075 | 804,703 | SH | | SOLE | | 804,703 | 0 | 0 |
GAMCO NAT RES GOLD & INCOME | SH BEN INT | 36465E101 | 2,425,740 | 465,593 | SH | | SOLE | | 465,593 | 0 | 0 |
GENERAL AMERN INVS CO INC | COM | 368802104 | 42,745,713 | 919,065 | SH | | SOLE | | 919,065 | 0 | 0 |
GUGGENHEIM ACTIVE ALLOC FD | COMMON STOCK | 40170T106 | 1,330,402 | 90,442 | SH | | SOLE | | 90,442 | 0 | 0 |
HANCOCK JOHN INCOME SECS TR | COM | 410123103 | 8,828,924 | 789,707 | SH | | SOLE | | 789,707 | 0 | 0 |
HANCOCK JOHN INVT TR | TAX ADV GLB SH | 41013P749 | 1,638,047 | 312,903 | SH | | SOLE | | 312,903 | 0 | 0 |
HANCOCK JOHN INVT TR II | COM | 410142103 | 5,486,776 | 415,980 | SH | | SOLE | | 415,980 | 0 | 0 |
INSIGHT SELECT INCOME FD | COM | 45781W109 | 9,539,778 | 578,519 | SH | | SOLE | | 578,519 | 0 | 0 |
INVESCO BD FD | COM | 46132L107 | 6,851,163 | 437,774 | SH | | SOLE | | 437,774 | 0 | 0 |
INVESCO EXCH TRADED FD TR II | SR LN ETF | 46138G508 | 10,177,380 | 481,200 | SH | | SOLE | | 481,200 | 0 | 0 |
ISHARES INC | MSCI JPN ETF NEW | 46434G822 | 155,436,403 | 2,178,506 | SH | | SOLE | | 2,178,506 | 0 | 0 |
ISHARES INC | MSCI GERMANY ETF | 464286806 | 638,175 | 20,100 | SH | | SOLE | | 20,100 | 0 | 0 |
ISHARES INC | MSCI EURZONE ETF | 464286608 | 29,265,856 | 573,166 | SH | | SOLE | | 573,166 | 0 | 0 |
ISHARES INC | MSCI SWITZERLAND | 464286749 | 49,394,901 | 1,037,708 | SH | | SOLE | | 1,037,708 | 0 | 0 |
ISHARES TR | MSCI EAFE ETF | 464287465 | 26,164,132 | 327,625 | SH | | SOLE | | 327,625 | 0 | 0 |
ISHARES TR | 7-10 YR TRSY BD | 464287440 | 23,006,734 | 243,046 | SH | | SOLE | | 243,046 | 0 | 0 |
ISHARES TR | BROAD USD HIGH | 46435U853 | 2,305,170 | 63,000 | SH | | SOLE | | 63,000 | 0 | 0 |
ISHARES TR | US TREAS BD ETF | 46429B267 | 18,629,093 | 818,142 | SH | | SOLE | | 818,142 | 0 | 0 |
J P MORGAN EXCHANGE TRADED F | BETABULDRS JAPAN | 46641Q217 | 18,364,207 | 313,650 | SH | | SOLE | | 313,650 | 0 | 0 |
JAPAN SMALLER CAPITALIZATION | COM | 47109U104 | 40,072,743 | 5,021,647 | SH | | SOLE | | 5,021,647 | 0 | 0 |
JOHN HANCOCK HEDGED EQUITY & | COM | 47804L102 | 646,876 | 61,666 | SH | | SOLE | | 61,666 | 0 | 0 |
KOREA FD INC | COM NEW | 500634209 | 11,047,504 | 434,428 | SH | | SOLE | | 434,428 | 0 | 0 |
LAZARD GLOBAL TOTAL RETURN & | COM | 52106W103 | 972,223 | 59,536 | SH | | SOLE | | 59,536 | 0 | 0 |
LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 | 1,603,711 | 292,115 | SH | | SOLE | | 292,115 | 0 | 0 |
LMP CAP & INCOME FD INC | COM | 50208A102 | 167,520 | 10,711 | SH | | SOLE | | 10,711 | 0 | 0 |
MAINSTAY MACKAY DEFINEDTERM | COM | 56064K100 | 740,001 | 45,260 | SH | | SOLE | | 45,260 | 0 | 0 |
MEXICO FD INC | COM | 592835102 | 2,305,516 | 119,954 | SH | | SOLE | | 119,954 | 0 | 0 |
MFS GOVT MKTS INCOME TR | SH BEN INT | 552939100 | 7,900,218 | 2,468,818 | SH | | SOLE | | 2,468,818 | 0 | 0 |
MFS INTER INCOME TR | SH BEN INT | 55273C107 | 15,385,626 | 5,784,070 | SH | | SOLE | | 5,784,070 | 0 | 0 |
MFS MULTIMARKET INCOME TR | SH BEN INT | 552737108 | 911,068 | 196,775 | SH | | SOLE | | 196,775 | 0 | 0 |
MILLER HOWARD HIGH INC EQTY | COM SHS BEN IN | 600379101 | 9,633,517 | 868,667 | SH | | SOLE | | 868,667 | 0 | 0 |
MORGAN STANLEY CHINA A SH FD | COM | 617468103 | 11,857,305 | 984,826 | SH | | SOLE | | 984,826 | 0 | 0 |
MORGAN STANLEY INDIA INVT FD | COM | 61745C105 | 3,176,938 | 138,489 | SH | | SOLE | | 138,489 | 0 | 0 |
NEUBERGER BERMAN MUN FD INC | COM | 64124P101 | 4,904,253 | 468,410 | SH | | SOLE | | 468,410 | 0 | 0 |
NEUBERGER BERMAN NEXT GENERA | COMMON STOCK | 64133Q108 | 13,493,853 | 1,148,413 | SH | | SOLE | | 1,148,413 | 0 | 0 |
NEW AMER HIGH INCOME FD INC | COM NEW | 641876800 | 1,179,790 | 162,059 | SH | | SOLE | | 162,059 | 0 | 0 |
NEW GERMANY FD INC | COM | 644465106 | 14,386,037 | 1,651,669 | SH | | SOLE | | 1,651,669 | 0 | 0 |
NUVEEN AMT-FREE MUN VALUE FD | COM | 670695105 | 13,748,629 | 1,018,417 | SH | | SOLE | | 1,018,417 | 0 | 0 |
NUVEEN CALIF SELECT TAX FREE | SH BEN INT | 67063R103 | 781,854 | 58,217 | SH | | SOLE | | 58,217 | 0 | 0 |
NUVEEN CALIFORNIA MUNI VLU F | COM STK | 67062C107 | 3,773,043 | 419,227 | SH | | SOLE | | 419,227 | 0 | 0 |
NUVEEN CORE PLUS IMPACT FUND | COM BEN INT | 67080D103 | 7,965,432 | 769,607 | SH | | SOLE | | 769,607 | 0 | 0 |
NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 | 8,991,902 | 613,363 | SH | | SOLE | | 613,363 | 0 | 0 |
NUVEEN FLOATING RATE INCOME | COM | 67072T108 | 2,697,544 | 308,997 | SH | | SOLE | | 308,997 | 0 | 0 |
NUVEEN MORTGAGE AND INCOME F | COM | 670735109 | 2,309,546 | 130,042 | SH | | SOLE | | 130,042 | 0 | 0 |
NUVEEN MULTI-MKT INCOME FD | COM | 67075J107 | 3,315,286 | 544,382 | SH | | SOLE | | 544,382 | 0 | 0 |
NUVEEN MUN INCOME FD INC | COM | 67062J102 | 4,962,034 | 525,083 | SH | | SOLE | | 525,083 | 0 | 0 |
NUVEEN MUN VALUE FD INC | COM | 670928100 | 19,417,290 | 2,229,310 | SH | | SOLE | | 2,229,310 | 0 | 0 |
NUVEEN N Y MUN VALUE FD | COM | 67062M105 | 5,552,161 | 667,327 | SH | | SOLE | | 667,327 | 0 | 0 |
NUVEEN N Y SELECT TAX FREE I | SH BEN INT | 67063V104 | 2,663,767 | 228,846 | SH | | SOLE | | 228,846 | 0 | 0 |
NUVEEN NASDAQ 100 DYNAMIC OV | COM SHS | 670699107 | 9,302,373 | 385,351 | SH | | SOLE | | 385,351 | 0 | 0 |
NUVEEN REAL ESTATE INCOME FD | COM | 67071B108 | 795,743 | 100,727 | SH | | SOLE | | 100,727 | 0 | 0 |
NUVEEN S&P 500 DYNAMIC OVERW | COM | 6706EW100 | 1,363,321 | 87,002 | SH | | SOLE | | 87,002 | 0 | 0 |
NUVEEN SELECT MAT MUN FD | SH BEN INT | 67061T101 | 7,224,067 | 803,567 | SH | | SOLE | | 803,567 | 0 | 0 |
PGIM SHORT DUR HIG YLD OPP F | COM | 69355J104 | 13,531,693 | 879,824 | SH | | SOLE | | 879,824 | 0 | 0 |
PIONEER MUN HIGH INCOME OPPO | COMMON STOCK | 723760104 | 1,844,062 | 163,047 | SH | | SOLE | | 163,047 | 0 | 0 |
PUTNAM MASTER INTER INCOME T | SH BEN INT | 746909100 | 2,048,166 | 640,052 | SH | | SOLE | | 640,052 | 0 | 0 |
PUTNAM PREMIER INCOME TR | SH BEN INT | 746853100 | 3,901,195 | 1,108,294 | SH | | SOLE | | 1,108,294 | 0 | 0 |
RIVERNORTH DOUBLELINE STRATE | COM | 76882G107 | 1,274,467 | 147,850 | SH | | SOLE | | 147,850 | 0 | 0 |
ROYCE MICRO-CAP TR INC | COM | 780915104 | 4,207,801 | 445,270 | SH | | SOLE | | 445,270 | 0 | 0 |
ROYCE VALUE TR INC | COM | 780910105 | 1,970,082 | 129,867 | SH | | SOLE | | 129,867 | 0 | 0 |
SPROTT FOCUS TR INC | COM | 85208J109 | 3,232,257 | 402,027 | SH | | SOLE | | 402,027 | 0 | 0 |
SRH TOTAL RETURN FUND INC | COM | 101507101 | 6,519,866 | 432,926 | SH | | SOLE | | 432,926 | 0 | 0 |
SWISS HELVETIA FD INC | COM | 870875101 | 2,791,455 | 352,012 | SH | | SOLE | | 352,012 | 0 | 0 |
TAIWAN FD INC | COM | 874036106 | 19,597,003 | 494,624 | SH | | SOLE | | 494,624 | 0 | 0 |
TCW STRATEGIC INCOME FD INC | COM | 872340104 | 6,141,018 | 1,276,719 | SH | | SOLE | | 1,276,719 | 0 | 0 |
TEMPLETON DRAGON FD INC | COM | 88018T101 | 712,085 | 90,596 | SH | | SOLE | | 90,596 | 0 | 0 |
TEMPLETON EMERGING MKTS FD | COM | 880191101 | 12,537,107 | 1,050,009 | SH | | SOLE | | 1,050,009 | 0 | 0 |
THORNBURG INCM BUILDER OPP T | COM | 885213108 | 3,595,416 | 222,351 | SH | | SOLE | | 222,351 | 0 | 0 |
TORTOISE ENERGY INDEPENDENC | COM | 89148K200 | 2,672,681 | 79,261 | SH | | SOLE | | 79,261 | 0 | 0 |
VANGUARD SCOTTSDALE FDS | MTG-BKD SECS ETF | 92206C771 | 13,365,098 | 293,030 | SH | | SOLE | | 293,030 | 0 | 0 |
VIRTUS DIVIDEND INTEREST & P | COM | 92840R101 | 14,363,429 | 1,123,899 | SH | | SOLE | | 1,123,899 | 0 | 0 |
VIRTUS GLOBAL MULTI-SECTOR I | COM | 92829B101 | 2,043,489 | 266,774 | SH | | SOLE | | 266,774 | 0 | 0 |
VOYA ASIA PAC HIGH DIV EQT I | COM | 92912J102 | 131,860 | 20,831 | SH | | SOLE | | 20,831 | 0 | 0 |
VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 | 7,140,734 | 1,354,978 | SH | | SOLE | | 1,354,978 | 0 | 0 |
VOYA GLBL ADV & PREM OPP FD | COM | 92912R104 | 363,137 | 40,170 | SH | | SOLE | | 40,170 | 0 | 0 |
VOYA GLBL EQTY DIV & PREM OP | COM | 92912T100 | 682,327 | 128,741 | SH | | SOLE | | 128,741 | 0 | 0 |
WESTERN ASSET DIVERSIFIED IN | COM SHS BEN INT | 95790K109 | 6,236,331 | 431,580 | SH | | SOLE | | 431,580 | 0 | 0 |
WESTERN ASSET HIGH INCOME OP | COM | 95766K109 | 3,112,102 | 797,975 | SH | | SOLE | | 797,975 | 0 | 0 |
WESTERN ASSET HIGH YIELD DEF | COM | 95768B107 | 1,621,429 | 135,571 | SH | | SOLE | | 135,571 | 0 | 0 |
WESTERN ASSET INTER MUNI FD | COM | 958435109 | 7,000,274 | 883,873 | SH | | SOLE | | 883,873 | 0 | 0 |
WESTERN ASSET INVESTMENT GRA | COM | 95766T100 | 6,568,777 | 538,866 | SH | | SOLE | | 538,866 | 0 | 0 |
WESTERN ASSET INVT GRADE DEF | COM | 95790A101 | 10,093,124 | 583,755 | SH | | SOLE | | 583,755 | 0 | 0 |
WESTERN ASSET MANAGED MUNS F | COM | 95766M105 | 11,221,262 | 1,073,805 | SH | | SOLE | | 1,073,805 | 0 | 0 |
WESTERN ASSET MUN HIGH INCOM | COM | 95766N103 | 6,181,779 | 910,424 | SH | | SOLE | | 910,424 | 0 | 0 |
WESTERN ASSET PREMIER BD FD | SHS BEN INT | 957664105 | 4,093,442 | 384,722 | SH | | SOLE | | 384,722 | 0 | 0 |
WESTERN AST INFL LKD OPP & I | COM | 95766R104 | 10,276,259 | 1,190,760 | SH | | SOLE | | 1,190,760 | 0 | 0 |