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 ASIA PACIFIC INCOME FU	COM	003009107	377,687	134,888	SH		SOLE		134,888	0	0
ABRDN AUSTRALIA EQUITY FD IN	COM	003011103	272,619	63,995	SH		SOLE		63,995	0	0
ABRDN EMRG MKTS EQTY INCM FD	COM	00301W105	352,384	69,779	SH		SOLE		69,779	0	0
ABRDN GLOBAL DYNAMIC DIVIDEN	COM	00302M106	1,883,566	193,982	SH		SOLE		193,982	0	0
ABRDN INCOME CREDIT STRATEGI	COM	003057106	2,163,587	319,113	SH		SOLE		316,321	0	2,792
ABRDN JAPAN EQUITY FUND INC	COM	00306J109	378,865	60,813	SH		SOLE		60,813	0	0
ABRDN TOTAL DYNAMIC DIVIDEND	COM SH BEN INT	00326L100	708,273	85,437	SH		SOLE		83,522	0	1,915
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	2,675,060	137,042	SH		SOLE		136,712	0	330
ADOBE INC	COM	00724F101	201,840	400	SH		SOLE		400	0	0
ADVENT CONV & INCOME FD	COM	00764C109	1,191,565	99,796	SH		SOLE		99,458	0	338
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	428,900	40,386	SH		SOLE		38,326	0	2,060
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	3,776,481	768,800	SH		SOLE		762,548	0	6,252
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	4,237,773	633,335	SH		SOLE		632,729	0	606
ALLSPRING MULTI SECTOR INCOM	COM	94987D101	4,814,432	512,598	SH		SOLE		508,053	0	4,545
APOLLO SR FLOATING RATE FD I	COM	037636107	195,140	13,694	SH		SOLE		13,613	0	81
BANCROFT FD LTD	COM	059695106	2,005,882	125,446	SH		SOLE		124,142	0	1,304
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	1,038,182	72,075	SH		SOLE		71,026	0	1,049
BLACKROCK CR ALLOCATION INCO	COM	092508100	128,280	12,000	SH		SOLE		12,000	0	0
BLACKROCK ENHANCD CAP & INM	COM	09256A109	5,933,536	304,440	SH		SOLE		302,575	0	1,865
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	1,832,908	222,171	SH		SOLE		221,388	0	783
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	531,860	50,847	SH		SOLE		50,847	0	0
BLACKROCK ENHANCED GOVT FD I	COM	09255K108	104,210	10,981	SH		SOLE		10,981	0	0
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	649,626	117,473	SH		SOLE		117,473	0	0
BLACKROCK ESG CAP ALLC TERM	SHS BEN INT	09262F100	406,224	23,400	SH		SOLE		23,400	0	0
BLACKROCK INNOVATION AND GRW	SHS BEN INT	09260Q108	317,460	39,000	SH		SOLE		39,000	0	0
BLACKROCK LTD DURATION INCOM	COM SHS	09249W101	999,161	71,216	SH		SOLE		69,263	0	1,953
BLACKSTONE LONG SHORT CR INC	COM SHS BN INT	09257D102	508,662	41,321	SH		SOLE		39,858	0	1,463
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	215,190	24,993	SH		SOLE		24,981	0	12
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	836,123	341,470	SH		SOLE		341,470	0	0
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	1,904,327	222,440	SH		SOLE		221,676	0	764
BROOKFIELD REAL ASSETS INCOM	SHS BEN INT	112830104	662,189	51,253	SH		SOLE		50,662	0	591
CALAMOS GBL DYN INCOME FUND	COM	12811L107	2,189,229	336,287	SH		SOLE		335,674	0	613
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	231,494	22,259	SH		SOLE		21,641	0	618
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	387,093	25,087	SH		SOLE		25,087	0	0
CALAMOS STRATEGIC TOTAL RETU	COM SH BEN INT	128125101	2,519,393	153,903	SH		SOLE		153,903	0	0
CENTRAL SECS CORP	COM	155123102	6,054,126	144,940	SH		SOLE		144,832	0	108
CHINA FD INC	COM	169373107	520,170	52,069	SH		SOLE		52,069	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	252,889	87	SH		SOLE		87	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	101,822	18,215	SH		SOLE		18,215	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	367,503	56,452	SH		SOLE		56,452	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	870,657	171,389	SH		SOLE		171,134	0	255
COHEN & STEERS CLOSED-END OP	COM	19248P106	149,972	12,829	SH		SOLE		12,829	0	0
COHEN & STEERS LTD DURATION	COM	19248C105	1,256,837	62,591	SH		SOLE		62,591	0	0
COHEN & STEERS SELECT PFD &	COM	19248Y107	777,651	38,902	SH		SOLE		37,748	0	1,154
COHEN & STEERS TAX ADVAN PFD	COM	19249X108	751,495	38,322	SH		SOLE		36,469	0	1,853
DOUBLELINE INCOME SOLUTIONS	COM	258622109	424,180	33,400	SH		SOLE		33,400	0	0
DOUBLELINE YIELD OPPORTUNITI	COM	25862D105	184,904	11,600	SH		SOLE		11,600	0	0
EATON VANCE ENHANCED EQUITY	COM	278274105	699,249	38,357	SH		SOLE		37,248	0	1,109
EATON VANCE ENHANCED EQUITY	COM	278277108	660,810	32,762	SH		SOLE		32,520	0	242
EATON VANCE LTD DURATION INC	COM	27828H105	3,282,455	336,662	SH		SOLE		335,356	0	1,306
EATON VANCE RISK-MANAGED DIV	COM	27829G106	2,804,824	335,907	SH		SOLE		334,786	0	1,121
EATON VANCE SHORT DURATION D	COM	27828V104	764,069	72,355	SH		SOLE		71,570	0	785
EATON VANCE TAX ADVT DIV INC	COM	27828G107	5,754,577	243,838	SH		SOLE		242,015	0	1,823
EATON VANCE TAX MNGED BUY WR	COM	27828X100	3,352,481	245,603	SH		SOLE		242,418	0	3,185
EATON VANCE TAX-ADVANTAGED G	COM	27828U106	535,197	21,425	SH		SOLE		20,921	0	504
EATON VANCE TAX-MANAGED BUY-	COM	27828Y108	4,639,103	358,786	SH		SOLE		356,611	0	2,175
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	1,127,905	84,424	SH		SOLE		84,424	0	0
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	3,197,358	391,833	SH		SOLE		389,859	0	1,974
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	2,857,274	348,448	SH		SOLE		348,247	0	201
EATON VANCE TX ADV GLBL DIV	COM	27828S101	5,536,576	303,374	SH		SOLE		301,497	0	1,877
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	1,194,157	101,114	SH		SOLE		96,751	0	4,363
ELLSWORTH GROWTH & INCOME FD	COM	289074106	789,573	97,238	SH		SOLE		97,006	0	232
EUROPEAN EQUITY FD INC	COM	298768102	3,216,751	361,027	SH		SOLE		360,751	0	276
FIRST TR ENHANCED EQUITY INC	COM	337318109	3,972,648	210,193	SH		SOLE		209,480	0	713
FIRST TR HIGH INCOME LONG /	COM	33738E109	2,055,981	172,337	SH		SOLE		172,337	0	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	671,908	46,211	SH		SOLE		45,806	0	405
FIRST TR INTER DURATN PFD &	COM	33718W103	2,213,013	123,494	SH		SOLE		123,147	0	347
FIRST TR MTG INCOME FD	COM SHS	33734E103	207,085	17,009	SH		SOLE		17,009	0	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	614,201	59,343	SH		SOLE		56,369	0	2,974
FLAHERTY & CRUMRINE DYNAMIC	SHS	33848W106	1,502,526	78,379	SH		SOLE		78,379	0	0
FRANKLIN LTD DURATION INCOME	COM	35472T101	3,252,770	518,783	SH		SOLE		517,757	0	1,026
FRANKLIN UNVL TR	SH BEN INT	355145103	292,964	44,121	SH		SOLE		44,121	0	0
GABELLI CONV & INC SECS FD I	COM	36240B109	57,060	15,380	SH		SOLE		15,380	0	0
GABELLI DIVID & INCOME TR	COM	36242H104	2,735,126	119,022	SH		SOLE		119,022	0	0
GABELLI EQUITY TR INC	COM	362397101	2,445,907	443,099	SH		SOLE		441,881	0	1,218
GABELLI GLOBAL SMALL & MID C	COM	36249W104	940,541	78,248	SH		SOLE		78,248	0	0
GABELLI HLTHCARE & WELLNESS	SHS	36246K103	170,466	16,647	SH		SOLE		16,647	0	0
GENERAL AMERN INVS CO INC	COM	368802104	3,556,295	76,463	SH		SOLE		76,241	0	222
HANCOCK JOHN FINL OPPTYS FD	SH BEN INT NEW	409735206	627,422	21,211	SH		SOLE		21,211	0	0
HANCOCK JOHN INCOME SECS TR	COM	410123103	289,753	25,917	SH		SOLE		25,917	0	0
HANCOCK JOHN INVT TR II	COM	410142103	2,904,702	220,220	SH		SOLE		219,195	0	1,025
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	1,103,800	66,374	SH		SOLE		66,374	0	0
HANCOCK JOHN PREM DIVID FD	COM SH BEN INT	41013T105	1,362,421	116,946	SH		SOLE		116,602	0	344
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	3,492,707	455,967	SH		SOLE		455,967	0	0
INVESCO BD FD	COM	46132L107	248,288	15,865	SH		SOLE		15,865	0	0
INVESCO HIGH INCOME TR II	COM	46131F101	1,585,974	147,806	SH		SOLE		147,806	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	268,084	603	SH		SOLE		570	0	33
JAPAN SMALLER CAPITALIZATION	COM	47109U104	603,552	75,633	SH		SOLE		75,633	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	2,101,924	200,374	SH		SOLE		198,495	0	1,879
KKR INCOME OPPORTUNITIES FD	COM	48249T106	281,348	20,779	SH		SOLE		20,779	0	0
KOREA FD INC	COM NEW	500634209	324,131	12,746	SH		SOLE		12,746	0	0
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	7,148,947	1,302,176	SH		SOLE		1,297,402	0	4,774
MEXICO EQUITY & INCOME FD	COM	592834105	973,399	84,204	SH		SOLE		84,204	0	0
MEXICO FD INC	COM	592835102	503,872	26,216	SH		SOLE		26,216	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	3,020,510	476,421	SH		SOLE		475,146	0	1,275
MFS INTER INCOME TR	SH BEN INT	55273C107	310,518	116,736	SH		SOLE		116,736	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	1,067,336	230,526	SH		SOLE		230,526	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	458,916	38,116	SH		SOLE		38,116	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	336,414	69,507	SH		SOLE		69,507	0	0
NEUBERGER BERMAN NEXT GENERA	COMMON STOCK	64133Q108	981,431	83,526	SH		SOLE		83,526	0	0
NEW GERMANY FD INC	COM	644465106	2,802,408	321,746	SH		SOLE		320,247	0	1,499
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	3,356,437	234,193	SH		SOLE		234,026	0	167
NUVEEN CORE PLUS IMPACT FUND	COM BEN INT	67080D103	1,032,223	98,884	SH		SOLE		98,884	0	0
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	215,445	38,308	SH		SOLE		38,308	0	0
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	2,859,550	191,249	SH		SOLE		190,566	0	683
NUVEEN FLOATING RATE INCOME	COM	67072T108	3,854,157	437,190	SH		SOLE		430,643	0	6,547
NUVEEN MULTI-MKT INCOME FD	COM	67075J107	68,792	11,245	SH		SOLE		11,245	0	0
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	5,644,402	229,898	SH		SOLE		227,588	0	2,310
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	1,142,197	158,013	SH		SOLE		157,452	0	561
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	6,862,930	509,619	SH		SOLE		509,619	0	0
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	4,410,448	275,950	SH		SOLE		274,726	0	1,224
NUVEEN TAXABLE MUNICPAL INM	COM	67074C103	667,694	43,375	SH		SOLE		43,375	0	0
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	2,122,912	177,501	SH		SOLE		177,223	0	278
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	2,106,722	162,180	SH		SOLE		160,627	0	1,553
PGIM SHORT DUR HIG YLD OPP F	COM	69355J104	3,881,282	252,359	SH		SOLE		250,400	0	1,959
PIMCO GLOBAL STOCKSPLS INCM	COM	722011103	2,730,757	354,480	SH		SOLE		352,279	0	2,201
PIMCO INCOME STRATEGY FD	COM	72201H108	1,391,827	162,570	SH		SOLE		162,570	0	0
PIMCO INCOME STRATEGY FD II	COM	72201J104	146,094	19,000	SH		SOLE		19,000	0	0
PIONEER DIVERSIFIED HIGH INC	COM	723653101	1,238,116	104,265	SH		SOLE		103,380	0	885
PIONEER FLOATING RATE FUND I	COM	72369J102	1,035,480	106,971	SH		SOLE		106,971	0	0
PIONEER HIGH INCOME FUND INC	COM	72369H106	399,715	52,182	SH		SOLE		52,182	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	149,366	46,358	SH		SOLE		46,358	0	0
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	1,213,318	342,209	SH		SOLE		338,042	0	4,167
RIVERNORTH CAP AND INCM FD I	COM	76882B108	1,392,271	87,785	SH		SOLE		87,785	0	0
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	2,369,845	274,924	SH		SOLE		272,768	0	2,156
RIVERNORTH OPPORTUNITIES FD	COM	76881Y109	282,989	23,504	SH		SOLE		23,504	0	0
ROYCE GLOBAL VALUE TR INC	COM	78081T104	166,647	15,589	SH		SOLE		15,589	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	4,618,395	488,719	SH		SOLE		484,714	0	4,005
ROYCE VALUE TR INC	COM	780910105	1,443,047	95,125	SH		SOLE		94,539	0	586
SABA CAPITAL INCOME & OPPORT	COM	880198106	694,419	181,785	SH		SOLE		178,806	0	2,979
SABA CAPITAL INCOME & OPRNT	SHS NEW	78518H202	1,214,026	166,533	SH		SOLE		164,261	0	2,272
SOURCE CAP INC	COM	836144105	1,395,202	32,836	SH		SOLE		32,648	0	188
SPDR S&P 500 ETF TR	TR UNIT	78462F103	644,331	1,222	SH		SOLE		1,219	0	3
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	1,298,874	102,759	SH		SOLE		99,427	0	3,332
SPROTT FOCUS TR INC	COM	85208J109	7,258,961	902,867	SH		SOLE		893,706	0	9,161
SRH TOTAL RETURN FUND INC	COM	101507101	10,228,135	679,159	SH		SOLE		678,281	0	878
SWISS HELVETIA FD INC	COM	870875101	2,318,559	292,378	SH		SOLE		287,042	0	5,336
TAIWAN FD INC	COM	874036106	1,318,237	33,272	SH		SOLE		32,894	0	378
TEMPLETON DRAGON FD INC	COM	88018T101	569,355	72,437	SH		SOLE		72,437	0	0
TEMPLETON EMERGING MKTS FD	COM	880191101	566,279	47,427	SH		SOLE		47,427	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	2,421,791	446,002	SH		SOLE		446,002	0	0
THORNBURG INCM BUILDER OPP T	COM	885213108	315,315	19,500	SH		SOLE		18,553	0	947
TRI CONTL CORP	COM	895436103	2,139,830	69,475	SH		SOLE		68,109	0	1,366
VIRTUS CONVERTIBLE & INC 202	COM	92838R105	159,600	18,126	SH		SOLE		18,126	0	0
VIRTUS CONVERTIBLE & INC FD	COM	92838U108	1,111,159	371,625	SH		SOLE		363,734	0	7,891
VIRTUS CONVERTIBLE & INCOME	COM	92838X102	1,073,804	321,498	SH		SOLE		321,498	0	0
VIRTUS DIVIDEND INTEREST & P	COM	92840R101	1,301,337	101,826	SH		SOLE		100,852	0	974
VIRTUS EQUITY & CONV INCM FD	COM	92841M101	872,628	38,974	SH		SOLE		38,974	0	0
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	3,346,632	436,897	SH		SOLE		436,897	0	0
VIRTUS TOTAL RETURN FD INC	COM	92835W107	393,939	70,725	SH		SOLE		70,725	0	0
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,158,046	182,946	SH		SOLE		179,197	0	3,749
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	339,489	64,419	SH		SOLE		64,419	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	422,096	46,692	SH		SOLE		46,692	0	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	53,000	10,000	SH		SOLE		10,000	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	1,247,108	128,302	SH		SOLE		128,302	0	0
WESTERN ASSET GBL HIGH INC F	COM	95766B109	609,991	86,248	SH		SOLE		86,248	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	502,200	41,659	SH		SOLE		41,659	0	0