Shaker Financial Services 13F-HR Quarterly holdings report by institutional manager

The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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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	199	50,000	SH		SOLE		49,831	0	169
ABERDEEN AUSTRALIA EQUITY FD	COM	003011103	267	59,899	SH		SOLE		59,899	0	0
ABERDEEN GLOBAL DYNAMIC DIVI	COM	00302M106	209	22,707	SH		SOLE		22,707	0	0
ABERDEEN JAPAN EQUITY FD INC	COM	00306J109	122	14,700	SH		SOLE		14,700	0	0
ABERDEEN TOTAL DYNAMIC DIVD	COM SH BEN INT	00326L100	487	61,315	SH		SOLE		61,315	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	762	46,993	SH		SOLE		46,993	0	0
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	1,042	99,132	SH		SOLE		98,405	0	727
ALLIANZGI ARTIFICIAL INTELLI	COM	01883M101	2,112	97,884	SH		SOLE		97,395	0	489
ALLIANZGI CONV & INCM 2024 T	COM	01883H102	1,299	147,668	SH		SOLE		145,763	0	1,905
ALLIANZGI CONV & INCOME FD I	COM	018825109	231	56,300	SH		SOLE		56,300	0	0
ALLIANZGI CONV INCOME FD	COM	018828103	389	84,850	SH		SOLE		82,870	0	1,980
ALLIANZGI DIVIDEND INT & PRM	COM	01883A107	1,028	87,087	SH		SOLE		87,087	0	0
ALLIANZGI EQUITY & CONV INCO	COM	018829101	321	13,202	SH		SOLE		13,202	0	0
APOLLO SR FLOATING RATE FD I	COM	037636107	476	37,103	SH		SOLE		36,656	0	447
APOLLO TACTICAL INCOME FD IN	COM	037638103	3,387	266,500	SH		SOLE		264,629	0	1,871
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	817	64,455	SH		SOLE		63,583	0	872
BANCROFT FD LTD	COM	059695106	342	13,746	SH		SOLE		13,746	0	0
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	1,614	121,169	SH		SOLE		117,862	0	3,307
BLACKROCK CORE BD TR	SHS BEN INT	09249E101	230	14,700	SH		SOLE		14,700	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	515	48,194	SH		SOLE		48,194	0	0
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	1,213	122,075	SH		SOLE		120,049	0	2,026
BLACKROCK ENHANCD CAP & INM	COM	09256A109	1,899	122,807	SH		SOLE		122,807	0	0
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	1,479	202,339	SH		SOLE		202,339	0	0
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	1,474	154,027	SH		SOLE		153,373	0	654
BLACKROCK FLOATING RATE INCO	COM	091941104	432	38,483	SH		SOLE		38,483	0	0
BLACKROCK FLOATING RATE INCO	COM	09255X100	1,212	105,411	SH		SOLE		102,489	0	2,922
BLACKROCK LTD DURATION INC T	COM SHS	09249W101	842	57,243	SH		SOLE		55,498	0	1,745
BLACKROCK MULTI-SECTOR INC T	COM	09258A107	585	37,064	SH		SOLE		37,064	0	0
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	2,062	256,460	SH		SOLE		251,326	0	5,134
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	982	362,373	SH		SOLE		362,373	0	0
BNY MELLON MUN BD INFRASTRUC	COM SHS	09662W109	328	24,366	SH		SOLE		24,366	0	0
BOULDER GROWTH & INCOME FD I	COM	101507101	934	93,420	SH		SOLE		91,677	0	1,743
CALAMOS CONV & HIGH INCOME F	COM SHS	12811P108	2,833	242,577	SH		SOLE		238,449	0	4,128
CALAMOS CONV OPPORTUNITIES &	SH BEN INT	128117108	699	63,544	SH		SOLE		62,390	0	1,154
CALAMOS GBL DYN INCOME FUND	COM	12811L107	313	38,456	SH		SOLE		38,456	0	0
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	820	69,159	SH		SOLE		64,971	0	4,188
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	4,483	308,418	SH		SOLE		304,722	0	3,696
CALAMOS STRATEGIC TOTL RETN	COM SH BEN INT	128125101	1,735	128,931	SH		SOLE		128,799	0	132
CBRE CLARION GLOBAL REAL EST	COM	12504G100	889	148,595	SH		SOLE		144,175	0	4,420
CENTRAL SECS CORP	COM	155123102	4,376	150,934	SH		SOLE		150,256	0	678
CHINA FD INC	COM	169373107	1,637	65,015	SH		SOLE		64,339	0	676
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	468	50,745	SH		SOLE		50,745	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	2,000	178,393	SH		SOLE		175,459	0	2,934
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,126	120,519	SH		SOLE		118,919	0	1,600
COHEN & STEERS CLOSED END OP	COM	19248P106	157	14,124	SH		SOLE		12,961	0	1,163
COHEN & STEERS LTD DURATION	COM	19248C105	226	9,686	SH		SOLE		9,434	0	252
COLUMBIA SELIGM PREM TECH GR	COM	19842X109	1,847	84,370	SH		SOLE		83,731	0	639
DELAWARE INVTS DIV & INCOME	COM	245915103	816	101,125	SH		SOLE		101,125	0	0
DOUBLELINE INCOME SOLUTIONS	COM	258622109	290	18,097	SH		SOLE		17,082	0	1,015
DOUBLELINE OPPORTUNISTIC CR	COM	258623107	1,567	82,233	SH		SOLE		80,361	0	1,872
DUFF & PHELPS UTIL CORP BD T	COM	26432K108	484	52,462	SH		SOLE		48,424	0	4,038
DUFF & PHELPS UTLITY AND INF	COM	26433C105	964	93,367	SH		SOLE		93,367	0	0
EATON VANCE ENH EQTY INC FD	COM	278277108	601	32,579	SH		SOLE		32,579	0	0
EATON VANCE ENHANCED EQ INC	COM	278274105	1,188	81,158	SH		SOLE		78,206	0	2,952
EATON VANCE FLTG RATE INCOM	COM SHS BEN INT	278284104	420	29,954	SH		SOLE		29,954	0	0
EATON VANCE FLTING RATE INC	COM	278279104	672	56,605	SH		SOLE		56,605	0	0
EATON VANCE HIGH INCOME 2021	COM SH BEN INT	27829W101	1,072	113,198	SH		SOLE		112,254	0	944
EATON VANCE LTD DURATION INC	COM	27828H105	1,153	101,989	SH		SOLE		101,874	0	115
EATON VANCE SHORT DURATION D	COM	27828V104	1,827	159,586	SH		SOLE		157,115	0	2,471
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	263	22,615	SH		SOLE		22,615	0	0
EATON VANCE TAX ADVT DIV INC	COM	27828G107	1,164	59,064	SH		SOLE		58,904	0	160
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	1,810	245,940	SH		SOLE		238,200	0	7,740
EATON VANCE TX ADV GLB DIV O	COM	27828U106	1,015	48,825	SH		SOLE		48,825	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	1,756	118,088	SH		SOLE		117,213	0	875
EATON VANCE TXMGD GL BUYWR O	COM	27829C105	355	41,527	SH		SOLE		40,666	0	861
ELLSWORTH GROWTH & INCOME FD	COM	289074106	483	41,834	SH		SOLE		41,834	0	0
EUROPEAN EQUITY FD INC	COM	298768102	1,002	105,972	SH		SOLE		105,972	0	0
FIRST TR / ABERDEEN EMERGING	COM	33731K102	335	27,845	SH		SOLE		27,845	0	0
FIRST TR ABERDEEN GLBL OPP F	COM SHS	337319107	1,969	205,695	SH		SOLE		201,888	0	3,807
FIRST TR ENHANCED EQTY INC F	COM	337318109	3,292	217,414	SH		SOLE		213,214	0	4,200
FIRST TR HIGH INCOME L/S FD	COM	33738E109	613	44,051	SH		SOLE		42,177	0	1,874
FIRST TR INTER DUR PFD & IN	COM	33718W103	834	38,800	SH		SOLE		37,713	0	1,087
FIRST TR SR FLG RTE INCM FD	COM	33733U108	644	58,665	SH		SOLE		58,665	0	0
FIRST TR SR FLOATING RATE 20	COM SHS	33740K101	1,567	185,678	SH		SOLE		180,965	0	4,713
FRANKLIN UNVL TR	SH BEN INT	355145103	2,464	361,227	SH		SOLE		360,061	0	1,166
GABELLI DIVID & INCOME TR	COM	36242H104	4,686	255,387	SH		SOLE		252,989	0	2,398
GABELLI GLB SML & MD CP VAL	COM	36249W104	121	12,039	SH		SOLE		12,039	0	0
GAMCO NAT RES GOLD & INCOME	SH BEN INT	36465E101	166	33,660	SH		SOLE		32,415	0	1,245
GENERAL AMERN INVS INC	COM	368802104	972	28,635	SH		SOLE		28,635	0	0
GUGGENHEIM ENHANCED EQUITY I	COM	40167B100	1,715	314,606	SH		SOLE		313,418	0	1,188
HANCOCK JOHN INVS TR	COM	410142103	449	28,338	SH		SOLE		28,338	0	0
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	299	58,667	SH		SOLE		58,667	0	0
HANCOCK JOHN PFD INCOME FD I	COM	41013X106	662	37,140	SH		SOLE		36,833	0	307
HANCOCK JOHN PFD INCOME FD I	COM	41021P103	423	26,497	SH		SOLE		24,191	0	2,306
HANCOCK JOHN TAX-ADVANTAGED	COM	41013V100	461	24,159	SH		SOLE		24,159	0	0
HERZFELD CARIBBEAN BASIN FD	COM	42804T106	544	151,091	SH		SOLE		151,091	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	604	97,466	SH		SOLE		97,466	0	0
INVESCO DYNAMIC CR OPPORTUNI	COM	46132R104	425	46,143	SH		SOLE		44,363	0	1,780
INVESCO HIGH INCOME 2023 TAR	COM	46135X108	1,762	222,162	SH		SOLE		217,584	0	4,578
JAPAN SMALLER CAPITALIZATION	COM	47109U104	109	12,530	SH		SOLE		12,530	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	2,471	234,031	SH		SOLE		229,834	0	4,197
KKR INCOME OPPORTUNITIES FD	COM	48249T106	220	16,263	SH		SOLE		16,263	0	0
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	380	53,491	SH		SOLE		53,491	0	0
LMP CAP & INCOME FD INC	COM	50208A102	297	29,101	SH		SOLE		29,101	0	0
MACQUARIE / FIRST TR GLOBAL	COM	55607W100	266	34,620	SH		SOLE		32,270	0	2,350
MFS CHARTER INCOME TR	SH BEN INT	552727109	551	68,834	SH		SOLE		66,711	0	2,123
MFS INTER INCOME TR	SH BEN INT	55273C107	577	154,785	SH		SOLE		154,785	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	1,047	186,309	SH		SOLE		183,754	0	2,555
MFS SPL VALUE TR	SH BEN INT	55274E102	84	15,762	SH		SOLE		15,762	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	962	45,568	SH		SOLE		44,596	0	972
MORGAN STANLEY EMER MKTS DEB	COM	61744H105	140	16,738	SH		SOLE		16,738	0	0
NEW GERMANY FD INC	COM	644465106	3,852	228,191	SH		SOLE		224,527	0	3,664
NEW IRELAND FD INC	COM	645673104	1,053	125,188	SH		SOLE		121,883	0	3,305
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	3,842	300,162	SH		SOLE		296,584	0	3,578
NUVEEN CORPORATE INCM NOVEME	COM	67077N106	1,053	117,652	SH		SOLE		117,652	0	0
NUVEEN CR OPPORTUNITIES 2022	COM	67075U102	79	10,056	SH		SOLE		10,056	0	0
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	227	38,412	SH		SOLE		36,544	0	1,868
NUVEEN DOW 30 DYNAMIC OVERWR	SHS	67075F105	4,829	356,878	SH		SOLE		353,730	0	3,148
NUVEEN GLOBAL HIGH INCOME FD	SHS	67075G103	553	40,901	SH		SOLE		40,901	0	0
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	340	13,981	SH		SOLE		13,981	0	0
NUVEEN PFD & INCM SECURTIES	COM	67072C105	423	48,000	SH		SOLE		48,000	0	0
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	553	65,111	SH		SOLE		65,111	0	0
NUVEEN PFD & INCOME TERM FD	COM	67075A106	331	15,077	SH		SOLE		15,077	0	0
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	2,990	265,049	SH		SOLE		262,196	0	2,853
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	2,128	159,792	SH		SOLE		155,043	0	4,749
NUVEEN TAX-ADVANTAGED DIVID	COM	67073G105	4,528	346,426	SH		SOLE		343,551	0	2,875
NUVEEN TX ADV TOTAL RET STRG	COM	67090H102	2,261	282,264	SH		SOLE		282,008	0	256
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	1,050	79,283	SH		SOLE		78,127	0	1,156
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	800	57,917	SH		SOLE		57,917	0	0
PIONEER FLOATING RATE TR	COM	72369J102	540	53,433	SH		SOLE		53,433	0	0
PIONEER HIGH INCOME TR	COM	72369H106	213	26,736	SH		SOLE		26,736	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	1,694	412,159	SH		SOLE		405,419	0	6,740
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	2,285	513,435	SH		SOLE		507,293	0	6,142
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	486	35,434	SH		SOLE		35,434	0	0
RIVERNORTH OPPORTUNITIES FD	COM	76881y109	583	40,654	SH		SOLE		38,912	0	1,742
RIVERNORTH SPECIALTY FIN COR	COM	76882B108	204	13,779	SH		SOLE		13,779	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	3,635	473,929	SH		SOLE		465,204	0	8,725
ROYCE VALUE TR INC	COM	780910105	1,117	88,409	SH		SOLE		87,406	0	1,003
SPDR S&P 500 ETF TR	TR UNIT	78462F103	9,099	27,169	SH		SOLE		26,741	0	428
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	1,727	139,209	SH		SOLE		139,209	0	0
SPECIAL OPPORTUNITIES FD INC	PFD CONV SE B	84741T302	508	20,153	SH		SOLE		20,153	0	0
SPROTT FOCUS TR INC	COM	85208J109	4,355	731,969	SH		SOLE		726,824	0	5,145
STONE HBR EMERGING MKTS TOTA	COM	86164W100	325	46,103	SH		SOLE		46,103	0	0
SWISS HELVETIA FD INC	COM	870875101	339	40,995	SH		SOLE		40,995	0	0
TAIWAN FD INC	COM	874036106	310	13,473	SH		SOLE		13,473	0	0
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	862	41,780	SH		SOLE		40,728	0	1,052
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	329	18,696	SH		SOLE		18,696	0	0
TEMPLETON DRAGON FD INC	COM	88018T101	1,147	52,292	SH		SOLE		51,508	0	784
TEMPLETON EMERGING MKTS INCO	COM	880192109	1,373	185,227	SH		SOLE		179,654	0	5,573
TORTOISE ESSENTIAL ASSETS IN	COM SH BEN INT	89148A103	1,346	127,477	SH		SOLE		127,477	0	0
TRI CONTL CORP	COM	895436103	4,389	169,258	SH		SOLE		167,954	0	1,304
VIRTUS GLOBAL MULTI-SEC INC	COM	92829B101	2,875	266,726	SH		SOLE		262,096	0	4,630
VOYA ASIA PAC DIVID EQUITY I	COM	92912J102	690	87,154	SH		SOLE		86,338	0	816
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	386	58,334	SH		SOLE		58,334	0	0
WELLS FARGO GLOBAL DIVIDEND	COM	94987C103	811	191,774	SH		SOLE		191,774	0	0
WELLS FARGO INCOME OPPORTUNI	WF INC OPPTY FD	94987B105	2,499	342,368	SH		SOLE		338,434	0	3,934
WELLS FARGO MULTI SECTOR INC	COM	94987D101	3,019	280,877	SH		SOLE		274,925	0	5,952
WESTERN ASSET GLOBAL CP DEFI	COM	95790C107	219	13,206	SH		SOLE		13,206	0	0
WESTERN ASSET GLOBAL HIGH IN	COM	95766B109	358	37,095	SH		SOLE		36,984	0	111
WESTERN ASSET HIGH INCOME FD	COM	95766J102	2,691	420,501	SH		SOLE		410,273	0	10,228
WESTERN ASSET HIGH INCOME OP	COM	95766K109	250	51,056	SH		SOLE		51,056	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	639	45,539	SH		SOLE		45,482	0	57
WESTERN ASSET PREMIER BD FD	SHS BEN INT	957664105	850	65,799	SH		SOLE		65,799	0	0
XAI OCTAGON FLOATING RATE &	COM	98400T106	186	30,979	SH		SOLE		30,979	0	0