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	405,914	165,679	SH		SOLE		165,679	0	0
ABRDN AUSTRALIA EQUITY FD IN	COM	003011103	263,047	66,594	SH		SOLE		66,594	0	0
ABRDN EMRG MKTS EQTY INCM FD	COM	00301W105	351,540	73,698	SH		SOLE		73,698	0	0
ABRDN GLOBAL DYNAMIC DIVIDEN	COM	00302M106	1,680,829	194,091	SH		SOLE		194,091	0	0
ABRDN JAPAN EQUITY FUND INC	COM	00306J109	355,631	66,473	SH		SOLE		66,473	0	0
ABRDN TOTAL DYNAMIC DIVIDEND	COM SH BEN INT	00326L100	140,972	18,647	SH		SOLE		18,647	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	470,014	28,246	SH		SOLE		28,229	0	17
ADOBE INC	COM	00724F101	203,960	400	SH		SOLE		400	0	0
ADVENT CONV & INCOME FD	COM	00764C109	2,210,065	210,683	SH		SOLE		208,598	0	2,085
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	1,825,983	444,344	SH		SOLE		438,828	0	5,516
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	3,543,430	576,601	SH		SOLE		576,601	0	0
ALLSPRING MULTI SECTOR INCOM	COM	94987D101	1,114,705	121,675	SH		SOLE		120,952	0	723
ANGEL OAK FINL STRATEGIES IN	COM BEN INT	03464A100	120,653	10,021	SH		SOLE		10,021	0	0
BANCROFT FD LTD	COM	059695106	1,171,633	74,295	SH		SOLE		73,536	0	759
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	456,832	35,689	SH		SOLE		35,689	0	0
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	466,875	54,099	SH		SOLE		54,099	0	0
BLACKROCK CR ALLOCATION INCO	COM	092508100	100,818	10,415	SH		SOLE		10,415	0	0
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	2,544,722	247,782	SH		SOLE		247,248	0	534
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	6,548,494	860,512	SH		SOLE		853,277	0	7,235
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	579,115	116,055	SH		SOLE		116,055	0	0
BLACKROCK LTD DURATION INCOM	COM SHS	09249W101	1,941,789	150,760	SH		SOLE		148,807	0	1,953
BLACKSTONE LONG SHORT CR INC	COM SHS BN INT	09257D102	740,812	63,589	SH		SOLE		63,080	0	509
BLACKSTONE SENI FLTN RAT 202	COM	09256U105	975,757	73,642	SH		SOLE		72,168	0	1,474
BLACKSTONE STRATEGIC CRED 20	COM SHS BEN IN	09257R101	131,880	12,000	SH		SOLE		12,000	0	0
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	263,344	33,936	SH		SOLE		33,936	0	0
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	1,172,432	547,865	SH		SOLE		547,865	0	0
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	654,439	86,241	SH		SOLE		86,241	0	0
CALAMOS GBL DYN INCOME FUND	COM	12811L107	2,126,995	383,934	SH		SOLE		383,934	0	0
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	566,418	64,726	SH		SOLE		64,726	0	0
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	1,699,505	114,909	SH		SOLE		112,930	0	1,979
CBRE GBL REAL ESTATE INC FD	COM	12504G100	870,300	193,400	SH		SOLE		190,718	0	2,682
CENTRAL SECS CORP	COM	155123102	7,369,543	207,886	SH		SOLE		206,901	0	985
CHINA FD INC	COM	169373107	564,687	53,424	SH		SOLE		53,424	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	386,324	77,731	SH		SOLE		77,731	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	443,168	80,870	SH		SOLE		80,870	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,285,795	290,247	SH		SOLE		287,545	0	2,702
COHEN & STEERS CLOSED-END OP	COM	19248P106	531,026	51,456	SH		SOLE		51,456	0	0
COHEN & STEERS LTD DURATION	COM	19248C105	1,057,683	61,961	SH		SOLE		61,961	0	0
COHEN & STEERS SELECT PFD &	COM	19248Y107	225,854	12,485	SH		SOLE		11,124	0	1,361
CREDIT SUISSE ASSET MGMT INC	COM	224916106	210,650	81,332	SH		SOLE		81,332	0	0
DOUBLELINE INCOME SOLUTIONS	COM	258622109	144,156	12,300	SH		SOLE		12,288	0	12
EATON VANCE ENHANCED EQUITY	COM	278277108	1,652,768	96,203	SH		SOLE		96,203	0	0
EATON VANCE FLTING RATE INC	COM	278279104	1,220,131	99,117	SH		SOLE		98,734	0	383
EATON VANCE LTD DURATION INC	COM	27828H105	2,703,657	299,077	SH		SOLE		295,461	0	3,616
EATON VANCE RISK-MANAGED DIV	COM	27829G106	1,432,873	186,572	SH		SOLE		186,572	0	0
EATON VANCE SHORT DURATION D	COM	27828V104	320,776	30,933	SH		SOLE		30,148	0	785
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	1,171,716	96,756	SH		SOLE		95,583	0	1,173
EATON VANCE TAX ADVT DIV INC	COM	27828G107	2,448,091	115,585	SH		SOLE		113,863	0	1,722
EATON VANCE TAX MNGED BUY WR	COM	27828X100	2,643,069	209,601	SH		SOLE		206,416	0	3,185
EATON VANCE TAX-MANAGED BUY-	COM	27828Y108	1,753,785	146,515	SH		SOLE		145,487	0	1,028
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	886,688	76,836	SH		SOLE		75,997	0	839
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	3,374,384	457,854	SH		SOLE		455,880	0	1,974
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	1,882,145	246,354	SH		SOLE		246,153	0	201
EATON VANCE TX ADV GLBL DIV	COM	27828S101	8,907,343	579,151	SH		SOLE		576,191	0	2,960
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	303,298	25,317	SH		SOLE		25,317	0	0
EUROPEAN EQUITY FD INC	COM	298768102	2,448,435	307,983	SH		SOLE		307,707	0	276
FIRST TR ABRDN GBL OPP INCM	COM SHS	337319107	224,729	39,426	SH		SOLE		39,426	0	0
FIRST TR DYNAMIC EUROPE EQUI	COM SHS	33740D107	298,258	24,053	SH		SOLE		24,053	0	0
FIRST TR ENHANCED EQUITY INC	COM	337318109	599,580	34,718	SH		SOLE		34,718	0	0
FIRST TR HIGH INCOME LONG /	COM	33738E109	3,028,572	282,516	SH		SOLE		281,149	0	1,367
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	738,022	55,407	SH		SOLE		54,861	0	546
FIRST TR INTER DURATN PFD &	COM	33718W103	1,855,646	124,540	SH		SOLE		123,422	0	1,118
FIRST TR SPECIALTY FIN & FIN	COM BEN INTR	33733G109	932,901	276,825	SH		SOLE		276,825	0	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	246,760	24,676	SH		SOLE		23,055	0	1,621
FLAHERTY & CRUMRINE DYNAMIC	SHS	33848W106	307,512	18,337	SH		SOLE		18,337	0	0
FRANKLIN LTD DURATION INCOME	COM	35472T101	1,818,889	298,668	SH		SOLE		298,277	0	391
FRANKLIN UNVL TR	SH BEN INT	355145103	259,792	40,912	SH		SOLE		40,912	0	0
GABELLI DIVID & INCOME TR	COM	36242H104	5,865,612	301,729	SH		SOLE		301,729	0	0
GABELLI GLOBAL SMALL & MID C	COM	36249W104	474,136	45,766	SH		SOLE		45,766	0	0
GENERAL AMERN INVS CO INC	COM	368802104	5,012,580	121,842	SH		SOLE		121,362	0	480
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	411,198	93,454	SH		SOLE		90,818	0	2,636
HANCOCK JOHN INVT TR II	COM	410142103	1,829,232	150,554	SH		SOLE		149,529	0	1,025
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	236,049	16,201	SH		SOLE		16,201	0	0
HANCOCK JOHN PREM DIVID FD	COM SH BEN INT	41013T105	1,561,173	162,284	SH		SOLE		162,284	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	3,222,760	402,845	SH		SOLE		399,159	0	3,686
INVESCO HIG INCM 2023 TARG T	COM	46135X108	1,125,121	165,216	SH		SOLE		165,216	0	0
INVESCO HIGH INCOME TR II	COM	46131F101	962,591	96,842	SH		SOLE		96,842	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	224,613	626	SH		SOLE		593	0	33
INVESCO SR INCOME TR	COM	46131H107	312,495	79,718	SH		SOLE		79,718	0	0
JAPAN SMALLER CAPITALIZATION	COM	47109U104	537,751	75,633	SH		SOLE		75,633	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	2,340,947	244,613	SH		SOLE		242,734	0	1,879
KKR INCOME OPPORTUNITIES FD	COM	48249T106	365,761	30,582	SH		SOLE		30,582	0	0
KOREA FD INC	COM NEW	500634209	268,049	12,746	SH		SOLE		12,746	0	0
LAZARD GLOBAL TOTAL RETURN &	COM	52106W103	424,058	30,640	SH		SOLE		30,640	0	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	1,567,693	264,813	SH		SOLE		264,813	0	0
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	3,958,808	801,378	SH		SOLE		799,874	0	1,504
MADISON COVERED CALL & EQUIT	COM	557437100	344,578	48,738	SH		SOLE		48,738	0	0
MEXICO EQUITY & INCOME FD	COM	592834105	834,485	88,775	SH		SOLE		88,775	0	0
MEXICO FD INC	COM	592835102	468,243	28,430	SH		SOLE		28,430	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	1,278,641	218,571	SH		SOLE		213,005	0	5,566
MFS INTER INCOME TR	SH BEN INT	55273C107	168,934	63,035	SH		SOLE		61,603	0	1,432
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	886,886	208,189	SH		SOLE		206,153	0	2,036
MFS SPL VALUE TR	SH BEN INT	55274E102	803,605	206,053	SH		SOLE		206,043	0	10
MORGAN STANLEY CHINA A SH FD	COM	617468103	506,610	40,659	SH		SOLE		40,659	0	0
NEUBERGER BERMAN REAL ESTATE	COM	64190A103	51,864	18,589	SH		SOLE		18,589	0	0
NEW GERMANY FD INC	COM	644465106	1,907,606	233,489	SH		SOLE		231,990	0	1,499
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	2,569,491	200,827	SH		SOLE		199,800	0	1,027
NUVEEN CORE PLUS IMPACT FUND	COM BEN INT	67080D103	485,420	52,525	SH		SOLE		52,525	0	0
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	122,736	24,000	SH		SOLE		24,000	0	0
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	3,099,597	218,897	SH		SOLE		218,220	0	677
NUVEEN FLOATING RATE INCOME	COM	67072T108	3,413,656	411,310	SH		SOLE		404,763	0	6,547
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	813,669	34,074	SH		SOLE		34,041	0	33
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	1,062,106	166,631	SH		SOLE		166,631	0	0
NUVEEN PFD & INCOME SECS FD	COM	67072C105	2,074,816	334,224	SH		SOLE		332,995	0	1,229
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	4,233,844	329,499	SH		SOLE		328,385	0	1,114
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	1,609,409	104,907	SH		SOLE		104,603	0	304
NUVEEN TAXABLE MUNICPAL INM	COM	67074C103	391,237	26,805	SH		SOLE		26,805	0	0
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	1,054,899	97,857	SH		SOLE		97,857	0	0
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	1,215,228	103,160	SH		SOLE		102,288	0	872
PGIM SHORT DUR HIG YLD OPP F	COM	69355J104	1,455,304	100,435	SH		SOLE		100,435	0	0
PIMCO DYNAMIC INCOME OPRNTS	COM BEN SHS	69355M107	1,367,804	115,135	SH		SOLE		115,135	0	0
PIMCO GLOBAL STOCKSPLS INCM	COM	722011103	202,645	30,611	SH		SOLE		30,611	0	0
PIMCO INCOME STRATEGY FD	COM	72201H108	1,262,101	163,603	SH		SOLE		163,603	0	0
PIMCO INCOME STRATEGY FD II	COM	72201J104	1,776,356	268,195	SH		SOLE		268,195	0	0
PIONEER DIVERSIFIED HIGH INC	COM	723653101	2,174,500	212,769	SH		SOLE		211,884	0	885
PIONEER FLOATING RATE FUND I	COM	72369J102	769,752	85,433	SH		SOLE		85,433	0	0
PIONEER HIGH INCOME FUND INC	COM	72369H106	1,351,475	201,412	SH		SOLE		200,330	0	1,082
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	58,547	19,246	SH		SOLE		19,246	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	572,729	169,613	SH		SOLE		169,593	0	20
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	1,781,957	225,279	SH		SOLE		224,234	0	1,045
RIVERNORTH OPPORTUNITIES FD	COM	76881Y109	509,462	48,474	SH		SOLE		48,474	0	0
ROYCE GLOBAL VALUE TR INC	COM	78081T104	935,674	107,419	SH		SOLE		107,419	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	2,165,196	261,497	SH		SOLE		261,497	0	0
ROYCE VALUE TR INC	COM	780910105	4,589,661	356,617	SH		SOLE		356,342	0	275
SOURCE CAP INC	COM	836144105	2,169,723	56,225	SH		SOLE		56,225	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	1,816,790	4,250	SH		SOLE		4,250	0	0
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	2,333,643	213,508	SH		SOLE		210,421	0	3,087
SPROTT FOCUS TR INC	COM	85208J109	5,112,374	678,934	SH		SOLE		672,843	0	6,091
SRH TOTAL RETURN FUND INC	COM	101507101	7,945,383	612,125	SH		SOLE		611,247	0	878
SWISS HELVETIA FD INC	COM	870875101	2,174,926	284,676	SH		SOLE		279,340	0	5,336
TAIWAN FD INC	COM	874036106	1,004,990	33,522	SH		SOLE		33,144	0	378
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	263,439	16,941	SH		SOLE		16,941	0	0
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	829,605	66,528	SH		SOLE		64,911	0	1,617
TEMPLETON DRAGON FD INC	COM	88018T101	1,013,262	118,649	SH		SOLE		118,649	0	0
TEMPLETON EMERGING MKTS FD	COM	880191101	302,566	26,752	SH		SOLE		26,752	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	1,699,897	368,741	SH		SOLE		368,741	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	410,762	106,415	SH		SOLE		104,132	0	2,283
THORNBURG INCM BUILDER OPP T	COM	885213108	173,186	11,862	SH		SOLE		11,630	0	232
TRI CONTL CORP	COM	895436103	2,338,086	87,931	SH		SOLE		87,691	0	240
VIRTUS ARTIFICIAL INTELLIGEN	COM	92838Y100	610,771	36,994	SH		SOLE		36,994	0	0
VIRTUS CONVERTIBLE & INC FD	COM	92838U108	169,320	60,253	SH		SOLE		60,253	0	0
VIRTUS CONVERTIBLE & INCOME	COM	92838X102	342,625	109,022	SH		SOLE		109,022	0	0
VIRTUS DIVERSIFIED INCM & CO	COM	92840N100	649,691	34,465	SH		SOLE		34,465	0	0
VIRTUS DIVIDEND INTEREST & P	COM	92840R101	492,855	43,500	SH		SOLE		43,500	0	0
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	2,958,681	403,090	SH		SOLE		403,090	0	0
VIRTUS TOTAL RETURN FD INC	COM	92835W107	973,239	202,758	SH		SOLE		202,056	0	702
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,073,968	185,487	SH		SOLE		181,738	0	3,749
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	317,586	64,419	SH		SOLE		64,419	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	1,908,295	229,915	SH		SOLE		229,915	0	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	376,639	76,865	SH		SOLE		76,865	0	0
WESTERN ASSET DIVERSIFIED IN	COM SHS BEN INT	95790K109	230,000	17,190	SH		SOLE		17,190	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	552,288	65,870	SH		SOLE		65,870	0	0
WESTERN ASSET GBL HIGH INC F	COM	95766B109	300,393	45,104	SH		SOLE		45,104	0	0
WESTERN ASSET HIGH INCOME OP	COM	95766K109	505,933	137,650	SH		SOLE		137,650	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	1,057,246	91,261	SH		SOLE		90,536	0	725