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
ABRDN AUSTRALIA EQUITY FD IN	COM	003011103	127,060	28,173	SH		SOLE		28,173	0	0
ABRDN EMRG MKTS EQTY INCM FD	COM	00301W105	113,645	21,688	SH		SOLE		21,688	0	0
ABRDN GLOBAL DYNAMIC DIVIDEN	COM	00302M106	2,725,913	286,185	SH		SOLE		285,300	0	885
ABRDN GLOBAL PREMIER PPTYS F	COM SH BEN INT	00302L108	120,209	30,510	SH		SOLE		30,510	0	0
ABRDN JAPAN EQUITY FUND INC	COM	00306J109	190,726	35,451	SH		SOLE		35,451	0	0
ABRDN TOTAL DYNAMIC DIVIDEND	COM SH BEN INT	00326L100	2,819,570	358,838	SH		SOLE		358,838	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	5,935,432	408,214	SH		SOLE		405,370	0	2,844
ADVENT CONV & INCOME FD	COM	00764C109	1,057,987	97,063	SH		SOLE		97,063	0	0
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	176,880	18,999	SH		SOLE		18,999	0	0
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	166,637	38,132	SH		SOLE		38,132	0	0
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	1,672,242	261,202	SH		SOLE		261,202	0	0
ALLSPRING UTILITIES AND HIGH	WF UTILITIES INC	94987E109	155,008	13,748	SH		SOLE		12,843	0	905
APOLLO SR FLOATING RATE FD I	COM	037636107	1,715,137	138,990	SH		SOLE		138,970	0	20
APOLLO TACTICAL INCOME FD IN	COM	037638103	889,475	73,389	SH		SOLE		70,653	0	2,736
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	2,526,562	217,995	SH		SOLE		217,995	0	0
BANCROFT FD LTD	COM	059695106	1,683,930	102,804	SH		SOLE		102,045	0	759
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	1,137,995	88,257	SH		SOLE		87,263	0	994
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	1,663,336	190,313	SH		SOLE		190,285	0	28
BLACKROCK CR ALLOCATION INCO	COM	092508100	293,304	29,040	SH		SOLE		29,040	0	0
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	3,602,416	391,567	SH		SOLE		391,553	0	14
BLACKROCK ENHANCD CAP & INM	COM	09256A109	2,245,870	131,184	SH		SOLE		131,184	0	0
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	846,863	88,584	SH		SOLE		87,471	0	1,113
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	986,003	196,415	SH		SOLE		196,415	0	0
BLACKROCK ESG CAP ALLC TR	SHS BEN INT	09262F100	416,021	30,977	SH		SOLE		30,977	0	0
BLACKROCK FLOATING RATE INC	COM	091941104	1,578,565	144,293	SH		SOLE		143,851	0	442
BLACKROCK FLOATING RATE INCO	COM	09255X100	778,528	69,141	SH		SOLE		67,937	0	1,204
BLACKROCK INNOVATION AND GRW	SHS BEN INT	09260Q108	508,857	74,722	SH		SOLE		74,722	0	0
BLACKSTONE LONG SHORT CR INC	COM SHS BN INT	09257D102	2,452,181	226,216	SH		SOLE		225,674	0	542
BLACKSTONE SENIOR FLOATNG RA	COM	09256U105	915,929	73,687	SH		SOLE		72,186	0	1,501
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	197,978	27,845	SH		SOLE		27,845	0	0
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	1,023,518	470,583	SH		SOLE		470,583	0	0
CALAMOS GBL DYN INCOME FUND	COM	12811L107	2,219,585	394,729	SH		SOLE		393,271	0	1,458
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	470,528	52,843	SH		SOLE		52,843	0	0
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	3,956,788	258,144	SH		SOLE		256,104	0	2,040
CALAMOS STRATEGIC TOTAL RETU	COM SH BEN INT	128125101	2,175,226	160,984	SH		SOLE		160,850	0	134
CBRE GBL REAL ESTATE INC FD	COM	12504G100	1,532,637	267,476	SH		SOLE		267,476	0	0
CENTRAL SECS CORP	COM	155123102	5,429,803	162,623	SH		SOLE		162,051	0	572
CHINA FD INC	COM	169373107	510,974	37,586	SH		SOLE		37,586	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	398,496	62,265	SH		SOLE		62,265	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	458,851	70,484	SH		SOLE		70,484	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,795,850	354,211	SH		SOLE		351,509	0	2,702
COHEN & STEERS CLOSED-END OP	COM	19248P106	188,549	18,043	SH		SOLE		18,043	0	0
COHEN & STEERS INFRASTRUCTUR	COM	19248A109	311,870	13,000	SH		SOLE		13,000	0	0
COHEN & STEERS LTD DURATION	COM	19248C105	661,535	34,781	SH		SOLE		34,781	0	0
COHEN & STEERS SELECT PFD &	COM	19248Y107	294,204	15,716	SH		SOLE		15,367	0	349
CREDIT SUISSE ASSET MGMT INC	COM	224916106	237,182	94,120	SH		SOLE		94,120	0	0
DELAWARE ENHANCED GLOBAL DIV	COM	246060107	682,102	87,449	SH		SOLE		87,449	0	0
DOUBLELINE INCOME SOLUTIONS	COM	258622109	294,428	26,549	SH		SOLE		26,546	0	3
EATON VANCE FLTING RATE INC	COM	278279104	1,824,326	163,353	SH		SOLE		161,607	0	1,746
EATON VANCE LTD DURATION INC	COM	27828H105	1,380,518	147,020	SH		SOLE		145,338	0	1,682
EATON VANCE RISK-MANAGED DIV	COM	27829G106	3,023,220	403,096	SH		SOLE		403,096	0	0
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	2,907,086	263,777	SH		SOLE		262,508	0	1,269
EATON VANCE SR INCOME TR	SH BEN INT	27826S103	527,723	99,196	SH		SOLE		99,053	0	143
EATON VANCE TAX ADVT DIV INC	COM	27828G107	2,887,802	126,658	SH		SOLE		126,652	0	6
EATON VANCE TAX-ADVANTAGED G	COM	27828U106	958,780	45,787	SH		SOLE		45,787	0	0
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	2,505,928	331,911	SH		SOLE		329,901	0	2,010
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	4,018,407	517,836	SH		SOLE		517,836	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	3,821,901	253,106	SH		SOLE		252,489	0	617
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	207,193	16,124	SH		SOLE		16,124	0	0
ELLSWORTH GROWTH & INCOME FD	COM	289074106	181,689	22,768	SH		SOLE		22,768	0	0
EUROPEAN EQUITY FD INC	COM	298768102	1,903,636	249,004	SH		SOLE		249,004	0	0
FIRST TR DYNAMIC EUROPE EQUI	COM SHS	33740D107	428,651	38,001	SH		SOLE		38,001	0	0
FIRST TR ENERGY INFRASTRCTR	COM	33738C103	316,894	21,976	SH		SOLE		21,976	0	0
FIRST TR ENHANCED EQUITY INC	COM	337318109	8,815,687	559,371	SH		SOLE		556,807	0	2,564
FIRST TR HIGH INCOME LONG /	COM	33738E109	1,545,876	135,011	SH		SOLE		133,992	0	1,019
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	438,047	32,193	SH		SOLE		31,653	0	540
FIRST TR SPECIALTY FIN & FIN	COM BEN INTR	33733G109	316,851	103,546	SH		SOLE		103,546	0	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	349,522	36,676	SH		SOLE		36,676	0	0
FLAHERTY & CRUMRINE DYNAMIC	SHS	33848W106	294,290	15,729	SH		SOLE		15,729	0	0
FRANKLIN LTD DURATION INCOME	COM	35472T101	917,037	147,671	SH		SOLE		145,463	0	2,208
FRANKLIN UNVL TR	SH BEN INT	355145103	744,372	110,605	SH		SOLE		110,562	0	43
GABELLI DIVID & INCOME TR	COM	36242H104	7,761,828	375,023	SH		SOLE		372,597	0	2,426
GENERAL AMERN INVS CO INC	COM	368802104	4,516,509	124,938	SH		SOLE		124,600	0	338
HANCOCK JOHN INVS TR	COM	410142103	721,113	57,505	SH		SOLE		56,480	0	1,025
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	742,130	149,623	SH		SOLE		149,623	0	0
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	1,021,260	63,144	SH		SOLE		62,153	0	991
HANCOCK JOHN PFD INCOME FD I	COM	41013X106	231,860	14,787	SH		SOLE		14,787	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	3,066,756	325,558	SH		SOLE		324,303	0	1,255
INVESCO HIGH INCOME TR II	COM	46131F101	1,120,023	109,164	SH		SOLE		109,088	0	76
JAPAN SMALLER CAPITALIZATION	COM	47109U104	490,102	75,633	SH		SOLE		75,633	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	887,478	77,172	SH		SOLE		77,172	0	0
KKR INCOME OPPORTUNITIES FD	COM	48249T106	1,444,611	131,209	SH		SOLE		131,209	0	0
KOREA FD INC	COM NEW	500634209	237,959	11,069	SH		SOLE		11,069	0	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	3,552,213	619,249	SH		SOLE		617,292	0	1,957
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	2,659,052	530,066	SH		SOLE		530,066	0	0
LMP CAP & INCOME FD INC	COM	50208A102	1,224,516	101,704	SH		SOLE		101,704	0	0
MEXICO EQUITY & INCOME FD	COM	592834105	689,599	78,542	SH		SOLE		78,542	0	0
MEXICO FD INC	COM	592835102	355,588	24,124	SH		SOLE		24,124	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	348,766	56,710	SH		SOLE		54,504	0	2,206
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	847,970	188,020	SH		SOLE		188,020	0	0
MFS SPL VALUE TR	SH BEN INT	55274E102	253,400	60,622	SH		SOLE		60,622	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	580,553	40,884	SH		SOLE		40,884	0	0
NEUBERGER BERMAN NEXT GENERA	COMMON STOCK	64133Q108	512,940	56,398	SH		SOLE		54,640	0	1,758
NEW GERMANY FD INC	COM	644465106	1,633,140	205,864	SH		SOLE		205,864	0	0
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	766,961	150,680	SH		SOLE		150,680	0	0
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	1,460,406	94,159	SH		SOLE		94,143	0	16
NUVEEN FLOATING RATE INCOME	COM SHS	6706EN100	427,152	54,693	SH		SOLE		54,693	0	0
NUVEEN FLOATING RATE INCOME	COM	67072T108	1,562,402	197,273	SH		SOLE		197,273	0	0
NUVEEN GLOBAL HIGH INCOME FD	SHS	67075G103	708,739	62,999	SH		SOLE		62,999	0	0
NUVEEN MULTI ASSET INCOME FU	COM	670750108	631,996	55,004	SH		SOLE		55,004	0	0
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	396,563	54,473	SH		SOLE		54,473	0	0
NUVEEN PFD & INCOME SECS FD	COM	67072C105	2,088,008	307,060	SH		SOLE		307,060	0	0
NUVEEN REAL ASSET INCOME & G	COM	67074Y105	974,750	83,312	SH		SOLE		83,312	0	0
NUVEEN SHORT DURATION CR OPP	COM	67074X107	972,757	82,020	SH		SOLE		79,954	0	2,066
NUVEEN SR INCOME FD	COM	67067Y104	2,691,392	586,360	SH		SOLE		581,545	0	4,815
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	577,010	52,719	SH		SOLE		52,696	0	23
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	778,112	64,978	SH		SOLE		64,538	0	440
PIMCO DYNAMIC INCOME OPRNTS	COM BEN SHS	69355M107	948,926	74,309	SH		SOLE		74,309	0	0
PIMCO HIGH INCOME FD	COM SHS	722014107	131,643	27,552	SH		SOLE		27,552	0	0
PIMCO INCOME STRATEGY FD	COM	72201H108	2,038,136	249,534	SH		SOLE		249,475	0	59
PIMCO INCOME STRATEGY FD II	COM	72201J104	3,212,555	451,201	SH		SOLE		451,166	0	35
PIONEER DIVERSIFIED HIGH INC	COM	723653101	1,811,305	179,693	SH		SOLE		178,808	0	885
PIONEER FLOATING RATE FUND I	COM	72369J102	823,790	93,031	SH		SOLE		93,031	0	0
PIONEER HIGH INCOME FUND INC	COM	72369H106	3,016,370	464,057	SH		SOLE		462,833	0	1,224
PRINCIPAL REAL ESTATE INCOME	SHS BEN INT	74255X104	345,752	33,406	SH		SOLE		33,406	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	356,888	110,766	SH		SOLE		110,766	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	902,315	246,804	SH		SOLE		246,804	0	0
ROYCE GLOBAL VALUE TR INC	COM	78081T104	742,447	85,832	SH		SOLE		85,832	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	562,594	64,815	SH		SOLE		64,815	0	0
ROYCE VALUE TR INC	COM	780910105	6,659,835	502,250	SH		SOLE		499,017	0	3,233
SOURCE CAP INC	COM	836144105	2,225,772	57,573	SH		SOLE		57,573	0	0
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	1,635,113	143,431	SH		SOLE		141,809	0	1,622
SPROTT FOCUS TR INC	COM	85208J109	4,857,516	609,475	SH		SOLE		609,475	0	0
SRH TOTAL RETURN FUND INC	COM	101507101	5,555,501	437,441	SH		SOLE		437,208	0	233
SWISS HELVETIA FD INC	COM	870875101	1,734,975	229,494	SH		SOLE		224,158	0	5,336
TAIWAN FD INC	COM	874036106	783,236	33,921	SH		SOLE		33,543	0	378
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	342,000	19,000	SH		SOLE		19,000	0	0
TEKLA HEALTHCARE OPPORTUNITI	SHS	879105104	997,770	50,367	SH		SOLE		50,367	0	0
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	924,048	65,028	SH		SOLE		63,411	0	1,617
TEMPLETON DRAGON FD INC	COM	88018T101	941,098	92,084	SH		SOLE		92,084	0	0
TEMPLETON EMERGING MKTS FD	COM	880191101	305,508	26,752	SH		SOLE		26,752	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	510,575	93,001	SH		SOLE		93,001	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	718,135	165,851	SH		SOLE		160,028	0	5,823
THORNBURG INCM BUILDER OPP T	COM	885213108	572,100	40,063	SH		SOLE		40,063	0	0
TRI CONTL CORP	COM	895436103	1,383,046	53,962	SH		SOLE		53,256	0	706
VIRTUS ARTIFICIAL INTELLIGEN	COM	92838Y100	435,722	26,666	SH		SOLE		26,666	0	0
VIRTUS DIVIDEND INTEREST & P	COM	92840R101	4,514,571	399,655	SH		SOLE		396,226	0	3,429
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	2,966,756	378,896	SH		SOLE		378,300	0	596
VIRTUS TOTAL RETURN FD INC	COM	92835W107	78,600	12,000	SH		SOLE		12,000	0	0
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,108,059	174,635	SH		SOLE		170,886	0	3,749
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	367,947	68,904	SH		SOLE		68,904	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	2,689,038	302,241	SH		SOLE		301,671	0	570
VOYA INFRASTRUCTURE INDLS &	COM	92912X101	156,982	16,702	SH		SOLE		16,702	0	0
WESTERN ASSET DIVERSIFIED IN	COM SHS BEN INT	95790K109	876,643	69,027	SH		SOLE		69,027	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	377,008	41,384	SH		SOLE		41,384	0	0
WESTERN ASSET GBL HIGH INC F	COM	95766B109	1,828,241	268,859	SH		SOLE		268,859	0	0
WESTERN ASSET HIGH INCOME OP	COM	95766K109	1,648,588	417,364	SH		SOLE		417,364	0	0