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

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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 ASIA PACIFIC INCOME FU	COM	003009107	250,317	92,710	SH		SOLE		92,710	0	0
ABRDN AUSTRALIA EQUITY FD IN	COM	003011103	287,021	66,594	SH		SOLE		66,594	0	0
ABRDN EMRG MKTS EQTY INCM FD	COM	00301W105	382,493	73,698	SH		SOLE		73,698	0	0
ABRDN GLOBAL DYNAMIC DIVIDEN	COM	00302M106	1,612,623	169,038	SH		SOLE		169,038	0	0
ABRDN JAPAN EQUITY FUND INC	COM	00306J109	403,492	66,473	SH		SOLE		66,473	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	2,772,104	164,908	SH		SOLE		164,908	0	0
ADVENT CONV & INCOME FD	COM	00764C109	1,649,708	140,760	SH		SOLE		139,364	0	1,396
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	1,754,474	394,154	SH		SOLE		391,804	0	2,350
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	3,506,006	539,661	SH		SOLE		539,661	0	0
ALLSPRING MULTI SECTOR INCOM	COM	94987D101	1,397,969	149,947	SH		SOLE		149,224	0	723
ANGEL OAK FINL STRATEGIES IN	COM BEN INT	03464A100	818,457	69,302	SH		SOLE		69,302	0	0
APOLLO TACTICAL INCOME FD IN	COM	037638103	1,915,505	150,946	SH		SOLE		148,210	0	2,736
APPLE INC	COM	037833100	213,367	1,100	SH		SOLE		1,100	0	0
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	823,016	66,749	SH		SOLE		66,749	0	0
BANCROFT FD LTD	COM	059695106	1,823,521	106,701	SH		SOLE		105,637	0	1,064
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	1,784,429	200,048	SH		SOLE		198,919	0	1,129
BLACKROCK CR ALLOCATION INCO	COM	092508100	105,713	10,415	SH		SOLE		10,415	0	0
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	4,010,078	409,610	SH		SOLE		409,076	0	534
BLACKROCK ENHANCD CAP & INM	COM	09256A109	898,254	48,528	SH		SOLE		47,781	0	747
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	5,470,537	655,940	SH		SOLE		653,784	0	2,156
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	310,624	57,100	SH		SOLE		57,100	0	0
BLACKROCK HEALTH SCIENCES TE	COM SHS	09260E105	246,300	15,000	SH		SOLE		15,000	0	0
BLACKROCK INNOVATION AND GRW	SHS BEN INT	09260Q108	235,500	30,000	SH		SOLE		30,000	0	0
BLACKROCK LTD DURATION INCOM	COM SHS	09249W101	1,554,359	120,680	SH		SOLE		118,727	0	1,953
BLACKSTONE LONG SHORT CR INC	COM SHS BN INT	09257D102	1,735,746	153,064	SH		SOLE		152,555	0	509
BLACKSTONE SENI FLTN RAT 202	COM	09256U105	977,718	76,265	SH		SOLE		74,791	0	1,474
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	165,942	21,979	SH		SOLE		21,979	0	0
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	1,300,177	585,665	SH		SOLE		585,665	0	0
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	722,518	88,996	SH		SOLE		88,996	0	0
CALAMOS GBL DYN INCOME FUND	COM	12811L107	2,717,182	451,359	SH		SOLE		449,901	0	1,458
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	361,422	37,260	SH		SOLE		37,260	0	0
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	3,249,582	210,057	SH		SOLE		208,078	0	1,979
CALAMOS STRATEGIC TOTAL RETU	COM SH BEN INT	128125101	1,803,498	122,271	SH		SOLE		121,494	0	777
CENTRAL SECS CORP	COM	155123102	7,094,717	194,323	SH		SOLE		193,338	0	985
CHINA FD INC	COM	169373107	591,404	53,424	SH		SOLE		53,424	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	431,408	77,731	SH		SOLE		77,731	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	504,629	80,870	SH		SOLE		80,870	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,826,827	364,636	SH		SOLE		361,934	0	2,702
COHEN & STEERS CLOSED-END OP	COM	19248P106	1,168,684	108,816	SH		SOLE		108,816	0	0
COHEN & STEERS LTD DURATION	COM	19248C105	1,121,730	61,633	SH		SOLE		61,633	0	0
EATON VANCE ENHANCED EQUITY	COM	278274105	491,633	29,814	SH		SOLE		29,814	0	0
EATON VANCE ENHANCED EQUITY	COM	278277108	1,767,908	98,821	SH		SOLE		98,821	0	0
EATON VANCE FLTING RATE INC	COM	278279104	2,049,085	175,435	SH		SOLE		173,336	0	2,099
EATON VANCE LTD DURATION INC	COM	27828H105	2,149,478	229,645	SH		SOLE		226,029	0	3,616
EATON VANCE SHORT DURATION D	COM	27828V104	727,314	74,140	SH		SOLE		73,355	0	785
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	2,599,330	221,220	SH		SOLE		220,047	0	1,173
EATON VANCE SR INCOME TR	SH BEN INT	27826S103	91,352	16,731	SH		SOLE		16,731	0	0
EATON VANCE TAX ADVT DIV INC	COM	27828G107	2,246,950	98,767	SH		SOLE		98,767	0	0
EATON VANCE TAX MNGED BUY WR	COM	27828X100	1,439,727	103,652	SH		SOLE		103,428	0	224
EATON VANCE TAX-ADVANTAGED G	COM	27828U106	229,600	10,000	SH		SOLE		10,000	0	0
EATON VANCE TAX-MANAGED BUY-	COM	27828Y108	1,218,356	95,333	SH		SOLE		95,333	0	0
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	199,360	16,000	SH		SOLE		15,261	0	739
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	2,163,726	263,227	SH		SOLE		263,227	0	0
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	3,421,393	431,994	SH		SOLE		430,020	0	1,974
EATON VANCE TX ADV GLBL DIV	COM	27828S101	6,551,878	392,328	SH		SOLE		389,932	0	2,396
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	1,322,019	105,931	SH		SOLE		105,931	0	0
ELLSWORTH GROWTH & INCOME FD	COM	289074106	189,708	22,059	SH		SOLE		22,059	0	0
EUROPEAN EQUITY FD INC	COM	298768102	2,383,989	276,886	SH		SOLE		276,610	0	276
FIRST TR DYNAMIC EUROPE EQUI	COM SHS	33740D107	433,160	33,053	SH		SOLE		33,053	0	0
FIRST TR ENERGY INFRASTRCTR	COM	33738C103	328,839	22,370	SH		SOLE		22,370	0	0
FIRST TR ENHANCED EQUITY INC	COM	337318109	2,678,234	152,780	SH		SOLE		150,747	0	2,033
FIRST TR HIGH INCOME LONG /	COM	33738E109	1,460,614	127,676	SH		SOLE		127,676	0	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	670,017	48,835	SH		SOLE		48,289	0	546
FIRST TR INTER DURATN PFD &	COM	33718W103	1,544,672	99,592	SH		SOLE		99,245	0	347
FIRST TR SPECIALTY FIN & FIN	COM BEN INTR	33733G109	412,912	126,660	SH		SOLE		126,660	0	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	1,056,281	106,695	SH		SOLE		105,074	0	1,621
FRANKLIN LTD DURATION INCOME	COM	35472T101	2,458,353	397,792	SH		SOLE		397,401	0	391
FRANKLIN UNVL TR	SH BEN INT	355145103	329,649	48,982	SH		SOLE		48,982	0	0
GABELLI DIVID & INCOME TR	COM	36242H104	7,447,311	352,452	SH		SOLE		350,292	0	2,160
GENERAL AMERN INVS CO INC	COM	368802104	4,876,860	116,895	SH		SOLE		116,719	0	176
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	679,586	144,901	SH		SOLE		137,471	0	7,430
HANCOCK JOHN INVT TR II	COM	410142103	1,832,105	144,945	SH		SOLE		143,920	0	1,025
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	1,081,787	71,030	SH		SOLE		71,030	0	0
HANCOCK JOHN PFD INCOME FD I	COM	41013X106	211,789	14,035	SH		SOLE		14,035	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	3,415,660	394,874	SH		SOLE		394,100	0	774
INVESCO BD FD	COM	46132L107	175,733	11,810	SH		SOLE		11,810	0	0
INVESCO HIG INCM 2023 TARG T	COM	46135X108	207,493	27,964	SH		SOLE		27,964	0	0
INVESCO HIGH INCOME TR II	COM	46131F101	1,119,972	106,664	SH		SOLE		106,664	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	231,573	626	SH		SOLE		593	0	33
INVESCO SR INCOME TR	COM	46131H107	654,373	169,967	SH		SOLE		169,967	0	0
JAPAN SMALLER CAPITALIZATION	COM	47109U104	544,558	75,633	SH		SOLE		75,633	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	1,464,216	135,827	SH		SOLE		134,887	0	940
KOREA FD INC	COM NEW	500634209	294,943	12,746	SH		SOLE		12,746	0	0
LAZARD GLOBAL TOTAL RETURN &	COM	52106W103	281,948	18,062	SH		SOLE		18,062	0	0
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	3,044,310	562,719	SH		SOLE		560,777	0	1,942
MACQUARIE / FIRST TR GLOBAL	COM	55607W100	175,259	22,469	SH		SOLE		22,469	0	0
MEXICO EQUITY & INCOME FD	COM	592834105	891,426	88,775	SH		SOLE		88,775	0	0
MEXICO FD INC	COM	592835102	477,056	28,430	SH		SOLE		28,430	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	662,494	104,991	SH		SOLE		99,432	0	5,559
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	366,753	81,320	SH		SOLE		81,320	0	0
MFS SPL VALUE TR	SH BEN INT	55274E102	567,000	138,971	SH		SOLE		138,971	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	512,581	40,329	SH		SOLE		40,329	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	126,744	26,571	SH		SOLE		26,571	0	0
NEUBERGER BERMAN NEXT GENERA	COMMON STOCK	64133Q108	645,523	59,168	SH		SOLE		57,410	0	1,758
NEUBERGER BERMAN REAL ESTATE	COM	64190A103	314,595	103,485	SH		SOLE		99,005	0	4,480
NEW GERMANY FD INC	COM	644465106	1,983,341	220,862	SH		SOLE		220,862	0	0
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	2,121,257	164,508	SH		SOLE		164,264	0	244
NUVEEN CORE PLUS IMPACT FUND	COM BEN INT	67080D103	142,773	14,202	SH		SOLE		14,202	0	0
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	122,341	24,000	SH		SOLE		24,000	0	0
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	6,172,156	429,758	SH		SOLE		426,016	0	3,742
NUVEEN FLOATING RATE INCOME	COM	67072T108	401,123	50,401	SH		SOLE		50,401	0	0
NUVEEN FLOATING RATE INCOME	COM SHS	6706EN100	656,165	83,333	SH		SOLE		83,333	0	0
NUVEEN GLOBAL HIGH INCOME FD	SHS	67075G103	637,889	56,583	SH		SOLE		56,583	0	0
NUVEEN MULTI ASSET INCOME FU	COM	670750108	1,874,723	157,241	SH		SOLE		157,241	0	0
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	1,086,666	166,631	SH		SOLE		166,631	0	0
NUVEEN PFD & INCOME SECS FD	COM	67072C105	2,143,872	334,224	SH		SOLE		332,995	0	1,229
NUVEEN REAL ASSET INCOME & G	COM	67074Y105	941,319	81,804	SH		SOLE		81,804	0	0
NUVEEN REAL ESTATE INCOME FD	COM	67071B108	215,878	28,405	SH		SOLE		27,083	0	1,322
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	3,274,203	242,230	SH		SOLE		242,230	0	0
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	2,412,101	151,233	SH		SOLE		150,042	0	1,191
NUVEEN SHORT DURATION CR OPP	COM	67074X107	865,841	74,251	SH		SOLE		72,185	0	2,066
NUVEEN SR INCOME FD	COM	67067Y104	2,632,322	569,336	SH		SOLE		564,607	0	4,729
NUVEEN TAXABLE MUNICPAL INM	COM	67074C103	550,238	34,918	SH		SOLE		34,918	0	0
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	769,118	70,111	SH		SOLE		70,111	0	0
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	524,500	42,230	SH		SOLE		42,230	0	0
PGIM SHORT DUR HIG YLD OPP F	COM	69355J104	1,188,565	79,823	SH		SOLE		79,823	0	0
PIMCO DYNAMIC INCOME OPRNTS	COM BEN SHS	69355M107	1,111,424	84,046	SH		SOLE		84,046	0	0
PIMCO INCOME STRATEGY FD	COM	72201H108	1,786,273	215,945	SH		SOLE		215,945	0	0
PIMCO INCOME STRATEGY FD II	COM	72201J104	1,609,148	221,045	SH		SOLE		220,826	0	219
PIONEER DIVERSIFIED HIGH INC	COM	723653101	2,394,367	237,066	SH		SOLE		236,181	0	885
PIONEER FLOATING RATE FUND I	COM	72369J102	748,963	86,286	SH		SOLE		86,286	0	0
PIONEER HIGH INCOME FUND INC	COM	72369H106	2,339,179	348,092	SH		SOLE		347,010	0	1,082
PRINCIPAL REAL ESTATE INCOME	SHS BEN INT	74255X104	107,040	11,315	SH		SOLE		11,315	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	314,654	98,987	SH		SOLE		98,987	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	621,120	175,514	SH		SOLE		174,123	0	1,391
RIVERNORTH CAP AND INCM FD I	COM	76882B108	299,349	19,413	SH		SOLE		19,413	0	0
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	2,414,566	282,736	SH		SOLE		281,691	0	1,045
RIVERNORTH OPPORTUNITIES FD	COM	76881Y109	1,838,580	160,715	SH		SOLE		158,866	0	1,849
ROYCE GLOBAL VALUE TR INC	COM	78081T104	796,137	86,162	SH		SOLE		86,162	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	1,247,514	142,573	SH		SOLE		142,573	0	0
ROYCE VALUE TR INC	COM	780910105	4,598,768	333,244	SH		SOLE		332,969	0	275
SOURCE CAP INC	COM	836144105	4,277,739	111,632	SH		SOLE		111,632	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	864,396	1,950	SH		SOLE		1,920	0	30
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	2,537,256	226,137	SH		SOLE		223,050	0	3,087
SPROTT FOCUS TR INC	COM	85208J109	4,379,131	550,834	SH		SOLE		547,521	0	3,313
SRH TOTAL RETURN FUND INC	COM	101507101	7,880,692	593,426	SH		SOLE		592,548	0	878
SWISS HELVETIA FD INC	COM	870875101	2,376,872	289,157	SH		SOLE		283,821	0	5,336
TAIWAN FD INC	COM	874036106	1,062,915	33,921	SH		SOLE		33,543	0	378
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	288,851	16,941	SH		SOLE		16,941	0	0
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	882,619	65,186	SH		SOLE		63,569	0	1,617
TEMPLETON DRAGON FD INC	COM	88018T101	1,080,892	118,649	SH		SOLE		118,649	0	0
TEMPLETON EMERGING MKTS FD	COM	880191101	316,744	26,752	SH		SOLE		26,752	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	645,136	125,269	SH		SOLE		125,269	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	493,965	119,315	SH		SOLE		117,032	0	2,283
THORNBURG INCM BUILDER OPP T	COM	885213108	266,525	17,500	SH		SOLE		17,268	0	232
TRI CONTL CORP	COM	895436103	1,939,856	70,746	SH		SOLE		70,044	0	702
VIRTUS CONVERTIBLE & INC FD	COM	92838U108	387,480	123,401	SH		SOLE		123,401	0	0
VIRTUS CONVERTIBLE & INCOME	COM	92838X102	246,683	70,200	SH		SOLE		70,200	0	0
VIRTUS DIVERSIFIED INCM & CO	COM	92840N100	758,822	37,650	SH		SOLE		37,650	0	0
VIRTUS DIVIDEND INTEREST & P	COM	92840R101	337,631	27,652	SH		SOLE		27,652	0	0
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	3,076,163	411,802	SH		SOLE		411,802	0	0
VIRTUS TOTAL RETURN FD INC	COM	92835W107	103,689	17,054	SH		SOLE		17,054	0	0
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,132,761	184,489	SH		SOLE		180,740	0	3,749
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	336,268	64,419	SH		SOLE		64,419	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	2,808,710	328,889	SH		SOLE		328,889	0	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	139,613	27,162	SH		SOLE		27,162	0	0
WESTERN ASSET DIVERSIFIED IN	COM SHS BEN INT	95790K109	769,483	56,562	SH		SOLE		56,562	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	1,272,092	146,883	SH		SOLE		146,883	0	0
WESTERN ASSET HIGH INCOME OP	COM	95766K109	418,116	110,200	SH		SOLE		110,200	0	0