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 AUSTRALIA EQUITY FD IN	COM	003011103	277,099	63,995	SH		SOLE		63,995	0	0
ABRDN EMRG MKTS EQTY INCM FD	COM	00301W105	368,503	69,779	SH		SOLE		69,779	0	0
ABRDN GLOBAL DYNAMIC DIVIDEN	COM	00302M106	1,842,366	188,767	SH		SOLE		187,531	0	1,236
ABRDN JAPAN EQUITY FUND INC	COM	00306J109	401,503	68,399	SH		SOLE		68,399	0	0
ABRDN TOTAL DYNAMIC DIVIDEND	COM SH BEN INT	00326L100	578,751	68,817	SH		SOLE		68,817	0	0
ADOBE INC	COM	00724F101	222,216	400	SH		SOLE		400	0	0
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	653,952	62,400	SH		SOLE		61,527	0	873
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	2,399,558	481,655	SH		SOLE		478,569	0	3,086
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	4,128,694	618,812	SH		SOLE		618,206	0	606
ALLSPRING MULTI SECTOR INCOM	COM	94987D101	4,458,604	492,903	SH		SOLE		489,962	0	2,941
ANGEL OAK FINL STRATEGIES IN	COM BEN INT	03464A100	1,039,959	84,071	SH		SOLE		83,667	0	404
BANCROFT FD LTD	COM	059695106	1,063,821	67,889	SH		SOLE		67,889	0	0
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	1,141,800	78,444	SH		SOLE		77,395	0	1,049
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	299,770	27,654	SH		SOLE		27,516	0	138
BLACKROCK ENHANCD CAP & INM	COM	09256A109	4,550,264	227,627	SH		SOLE		224,702	0	2,925
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	3,650,501	446,818	SH		SOLE		445,762	0	1,056
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	208,986	19,697	SH		SOLE		19,697	0	0
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	914,217	163,838	SH		SOLE		163,214	0	624
BLACKROCK HEALTH SCIENCES TE	COM SHS	09260E105	184,320	12,000	SH		SOLE		12,000	0	0
BLACKROCK INNOVATION AND GRW	SHS BEN INT	09260Q108	665,609	92,062	SH		SOLE		92,062	0	0
BLACKROCK LTD DURATION INCOM	COM SHS	09249W101	733,934	52,574	SH		SOLE		50,621	0	1,953
BLACKROCK MUN TARGET TERM TR	COM SHS BEN IN	09257P105	374,696	18,000	SH		SOLE		18,000	0	0
BLACKROCK SCIENCE & TECHNOLO	SHS	09258G104	991,664	26,332	SH		SOLE		26,332	0	0
BLACKSTONE SENI FLTN RAT 202	COM	09256U105	835,081	59,606	SH		SOLE		59,481	0	125
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	569,666	64,369	SH		SOLE		64,293	0	76
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	608,793	252,611	SH		SOLE		249,098	0	3,513
BRANDYWINEGBL GBL INCM OPP F	COM	10537L104	2,030,882	243,615	SH		SOLE		242,008	0	1,607
BROOKFIELD REAL ASSETS INCOM	SHS BEN INT	112830104	837,746	65,654	SH		SOLE		63,659	0	1,995
CALAMOS GBL DYN INCOME FUND	COM	12811L107	447,211	65,191	SH		SOLE		63,035	0	2,156
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	232,898	15,272	SH		SOLE		15,272	0	0
CALAMOS STRATEGIC TOTAL RETU	COM SH BEN INT	128125101	2,410,697	143,153	SH		SOLE		141,930	0	1,223
CBRE GBL REAL ESTATE INC FD	COM	12504G100	75,600	15,000	SH		SOLE		15,000	0	0
CENTRAL SECS CORP	COM	155123102	2,804,363	63,707	SH		SOLE		63,707	0	0
CHINA FD INC	COM	169373107	766,034	75,695	SH		SOLE		75,695	0	0
CHIPOTLE MEXICAN GRILL INC	COM	169656105	272,528	4,350	SH		SOLE		4,350	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	367,696	64,508	SH		SOLE		63,934	0	574
CLOUGH GLOBAL EQUITY FD	COM	18914C100	304,850	43,706	SH		SOLE		43,706	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,428,310	265,485	SH		SOLE		262,462	0	3,023
COHEN & STEERS LTD DURATION	COM	19248C105	1,690,057	84,927	SH		SOLE		84,927	0	0
COHEN & STEERS SELECT PFD &	COM	19248Y107	740,287	37,426	SH		SOLE		36,272	0	1,154
COHEN & STEERS TAX ADVAN PFD	COM	19249X108	438,765	22,104	SH		SOLE		22,104	0	0
COLUMBIA SELIGM PREM TECH GR	COM	19842X109	1,000,831	30,064	SH		SOLE		30,064	0	0
DOUBLELINE INCOME SOLUTIONS	COM	258622109	427,020	34,107	SH		SOLE		33,994	0	113
DOUBLELINE OPPORTUNISTIC CR	COM	258623107	2,213,392	144,101	SH		SOLE		141,907	0	2,194
DOUBLELINE YIELD OPPORTUNITI	COM	25862D105	211,942	13,431	SH		SOLE		13,431	0	0
EATON VANCE ENHANCED EQUITY	COM	278277108	1,036,946	47,610	SH		SOLE		47,610	0	0
EATON VANCE ENHANCED EQUITY	COM	278274105	1,424,492	73,314	SH		SOLE		73,180	0	134
EATON VANCE LTD DURATION INC	COM	27828H105	2,728,184	280,101	SH		SOLE		278,720	0	1,381
EATON VANCE RISK-MANAGED DIV	COM	27829G106	1,843,054	209,915	SH		SOLE		208,569	0	1,346
EATON VANCE SHORT DURATION D	COM	27828V104	372,838	34,522	SH		SOLE		34,522	0	0
EATON VANCE TAX ADVT DIV INC	COM	27828G107	4,148,765	178,135	SH		SOLE		176,459	0	1,676
EATON VANCE TAX MNGED BUY WR	COM	27828X100	3,695,402	261,714	SH		SOLE		257,232	0	4,482
EATON VANCE TAX-ADVANTAGED G	COM	27828U106	574,439	22,527	SH		SOLE		22,527	0	0
EATON VANCE TAX-MANAGED BUY-	COM	27828Y108	5,052,091	369,575	SH		SOLE		367,681	0	1,894
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	2,673,772	190,304	SH		SOLE		189,843	0	461
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	3,017,790	364,908	SH		SOLE		362,513	0	2,395
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	3,370,891	398,922	SH		SOLE		398,922	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	4,793,471	257,575	SH		SOLE		255,698	0	1,877
ECOFIN SUSTAINABLE AND SOCIA	COM SH BEN INT	27901F109	1,368,344	118,883	SH		SOLE		114,520	0	4,363
ELLSWORTH GROWTH & INCOME FD	COM	289074106	914,789	111,018	SH		SOLE		110,786	0	232
EUROPEAN EQUITY FD INC	COM	298768102	3,373,554	375,603	SH		SOLE		375,327	0	276
FIRST TR ABRDN GBL OPP INCM	COM SHS	337319107	190,638	30,069	SH		SOLE		30,069	0	0
FIRST TR ENHANCED EQUITY INC	COM	337318109	3,180,647	159,671	SH		SOLE		159,671	0	0
FIRST TR HIGH INCOME LONG /	COM	33738E109	302,071	24,479	SH		SOLE		24,479	0	0
FIRST TR HIGH YIELD OPPRT 20	COM	33741Q107	761,381	53,169	SH		SOLE		53,080	0	89
FIRST TR INTER DURATN PFD &	COM	33718W103	1,747,759	95,142	SH		SOLE		94,795	0	347
FIRST TR SPECIALTY FIN & FIN	COM BEN INTR	33733G109	51,753	13,304	SH		SOLE		13,304	0	0
FIRST TR SR FLTG RATE INCOME	COM	33733U108	656,864	65,165	SH		SOLE		65,104	0	61
FLAHERTY & CRUMRINE DYNAMIC	SHS	33848W106	1,516,954	79,008	SH		SOLE		79,008	0	0
FRANKLIN LTD DURATION INCOME	COM	35472T101	3,234,757	510,214	SH		SOLE		509,828	0	386
FRANKLIN UNVL TR	SH BEN INT	355145103	264,317	38,813	SH		SOLE		38,813	0	0
GABELLI DIVID & INCOME TR	COM	36242H104	390,612	17,200	SH		SOLE		17,195	0	5
GABELLI EQUITY TR INC	COM	362397101	661,186	127,151	SH		SOLE		127,151	0	0
GABELLI GLOBAL SMALL & MID C	COM	36249W104	925,713	81,994	SH		SOLE		81,836	0	158
GABELLI GLOBL UTIL & INCOME	COM SH BEN INT	36242L105	325,863	23,511	SH		SOLE		23,511	0	0
GABELLI HLTHCARE & WELLNESS	SHS	36246K103	159,479	16,647	SH		SOLE		16,647	0	0
GENERAL AMERN INVS CO INC	COM	368802104	5,396,013	108,528	SH		SOLE		108,447	0	81
HANCOCK JOHN FINL OPPTYS FD	SH BEN INT NEW	409735206	1,143,929	40,840	SH		SOLE		40,840	0	0
HANCOCK JOHN INCOME SECS TR	COM	410123103	469,932	43,113	SH		SOLE		43,113	0	0
HANCOCK JOHN INVT TR II	COM	410142103	2,706,404	203,489	SH		SOLE		202,218	0	1,271
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	518,679	31,040	SH		SOLE		31,040	0	0
HANCOCK JOHN PREM DIVID FD	COM SH BEN INT	41013T105	2,504,252	212,585	SH		SOLE		211,797	0	788
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	4,625,408	614,264	SH		SOLE		614,264	0	0
INDIA FD INC	COM	454089103	295,073	16,500	SH		SOLE		16,500	0	0
INSIGHT SELECT INCOME FD	COM	45781W109	935,210	57,308	SH		SOLE		57,030	0	278
INVESCO HIGH INCOME TR II	COM	46131F101	1,377,525	130,324	SH		SOLE		130,324	0	0
INVESCO QQQ TR	UNIT SER 1	46090E103	289,363	603	SH		SOLE		570	0	33
JAPAN SMALLER CAPITALIZATION	COM	47109U104	573,299	75,633	SH		SOLE		75,633	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	1,983,971	190,950	SH		SOLE		187,692	0	3,258
KOREA FD INC	COM NEW	500634209	317,575	13,161	SH		SOLE		13,161	0	0
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	5,107,882	751,159	SH		SOLE		743,343	0	7,816
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	7,013,124	1,313,319	SH		SOLE		1,308,545	0	4,774
LMP CAP & INCOME FD INC	COM	50208A102	1,439,954	92,584	SH		SOLE		92,584	0	0
MEXICO EQUITY & INCOME FD	COM	592834105	808,359	84,204	SH		SOLE		84,204	0	0
MEXICO FD INC	COM	592835102	419,456	26,216	SH		SOLE		26,216	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	2,594,740	413,834	SH		SOLE		412,559	0	1,275
MFS GOVT MKTS INCOME TR	SH BEN INT	552939100	688,258	224,188	SH		SOLE		217,593	0	6,595
MFS INTER INCOME TR	SH BEN INT	55273C107	405,632	152,493	SH		SOLE		152,493	0	0
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	1,183,371	252,857	SH		SOLE		252,857	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	341,936	29,101	SH		SOLE		29,101	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	683,931	145,672	SH		SOLE		145,672	0	0
NEUBERGER BERMAN REAL ESTATE	COM	64190A103	53,302	15,840	SH		SOLE		15,840	0	0
NEW GERMANY FD INC	COM	644465106	2,283,357	280,683	SH		SOLE		280,683	0	0
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	3,109,076	202,739	SH		SOLE		201,694	0	1,045
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	721,202	128,694	SH		SOLE		128,558	0	136
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	3,121,224	218,389	SH		SOLE		217,550	0	839
NUVEEN GLOBAL HIGH INCOME FD	SHS	67075G103	843,575	65,322	SH		SOLE		65,322	0	0
NUVEEN MULTI ASSET INCOME FU	COM	670750108	412,075	32,804	SH		SOLE		30,226	0	2,578
NUVEEN MULTI-MKT INCOME FD	COM	67075J107	64,666	10,782	SH		SOLE		10,782	0	0
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	5,958,288	234,152	SH		SOLE		231,156	0	2,996
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	5,858,086	426,207	SH		SOLE		426,162	0	45
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	3,714,429	223,364	SH		SOLE		222,440	0	924
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	2,298,365	193,465	SH		SOLE		192,971	0	494
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	2,687,171	208,631	SH		SOLE		206,529	0	2,102
PGIM SHORT DUR HIG YLD OPP F	COM	69355J104	3,929,739	256,343	SH		SOLE		254,384	0	1,959
PIMCO GLOBAL STOCKSPLS INCM	COM	722011103	1,760,632	231,174	SH		SOLE		228,117	0	3,057
PIMCO INCOME STRATEGY FD	COM	72201H108	467,239	56,763	SH		SOLE		56,763	0	0
PIMCO INCOME STRATEGY FD II	COM	72201J104	107,534	14,849	SH		SOLE		14,849	0	0
PIONEER DIVERSIFIED HIGH INC	COM	723653101	805,408	68,962	SH		SOLE		68,820	0	142
PIONEER FLOATING RATE FUND I	COM	72369J102	935,233	96,815	SH		SOLE		95,192	0	1,623
PIONEER HIGH INCOME FUND INC	COM	72369H106	1,165,939	155,045	SH		SOLE		155,045	0	0
PRINCIPAL REAL ESTATE INCOME	SHS BEN INT	74255X104	131,709	12,900	SH		SOLE		12,900	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	771,900	237,727	SH		SOLE		233,414	0	4,313
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	1,143,245	317,023	SH		SOLE		312,856	0	4,167
RIVERNORTH CAP AND INCM FD I	COM	76882B108	1,332,911	86,778	SH		SOLE		86,778	0	0
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	675,808	78,128	SH		SOLE		75,972	0	2,156
ROYCE GLOBAL TRUST INC	COM	78081T104	232,030	20,866	SH		SOLE		20,866	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	5,277,726	574,290	SH		SOLE		568,596	0	5,694
ROYCE SMALL CAP TRUST INC	COM	780910105	2,724,065	188,256	SH		SOLE		186,487	0	1,769
SABA CAPITAL INCOME & OPRNT	SHS NEW	78518H202	946,958	134,511	SH		SOLE		132,239	0	2,272
SOURCE CAP INC	COM	836144105	200,429	4,528	SH		SOLE		4,528	0	0
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,250,845	4,125	SH		SOLE		4,057	0	68
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	770,713	58,923	SH		SOLE		55,591	0	3,332
SPROTT FOCUS TR INC	COM	85208J109	7,466,123	995,343	SH		SOLE		985,590	0	9,753
SRH TOTAL RETURN FUND INC	COM	101507101	9,253,539	635,982	SH		SOLE		635,104	0	878
SWISS HELVETIA FD INC	COM	870875101	2,614,472	323,974	SH		SOLE		318,638	0	5,336
TAIWAN FD INC	COM	874036106	1,361,306	30,981	SH		SOLE		30,603	0	378
TEMPLETON DRAGON FD INC	COM	88018T101	801,567	99,946	SH		SOLE		97,597	0	2,349
TEMPLETON EMERGING MKTS FD	COM	880191101	586,198	47,427	SH		SOLE		47,427	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	1,682,500	315,666	SH		SOLE		315,666	0	0
THORNBURG INCM BUILDER OPP T	COM	885213108	251,983	15,622	SH		SOLE		14,675	0	947
TRI CONTL CORP	COM	895436103	2,939,332	94,909	SH		SOLE		93,940	0	969
VIRTUS CONVERTIBLE & INC FD	COM	92838U108	370,788	126,982	SH		SOLE		124,964	0	2,018
VIRTUS CONVERTIBLE & INCOME	COM	92838X102	614,613	187,955	SH		SOLE		187,955	0	0
VIRTUS DIVERSIFIED INCM & CO	COM	92840N100	454,300	21,409	SH		SOLE		21,409	0	0
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	3,133,473	413,933	SH		SOLE		413,933	0	0
VIRTUS TOTAL RETURN FD INC	COM	92835W107	638,143	116,983	SH		SOLE		116,983	0	0
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,092,735	172,356	SH		SOLE		172,356	0	0
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	346,575	64,419	SH		SOLE		64,419	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	899,311	101,617	SH		SOLE		101,617	0	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	1,125,583	218,985	SH		SOLE		218,249	0	736
WESTERN ASSET DIVERSIFIED IN	COM SHS BEN INT	95790K109	572,607	39,343	SH		SOLE		39,343	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	1,379,415	147,021	SH		SOLE		146,894	0	127
WESTERN ASSET GBL HIGH INC F	COM	95766B109	321,711	45,184	SH		SOLE		44,190	0	994
WESTERN ASSET HIGH INCOM FD	COM	95766J102	104,400	24,000	SH		SOLE		24,000	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	1,285,387	109,635	SH		SOLE		107,837	0	1,798
WESTERN ASSET INVESTMENT GRA	COM	95766T100	805,848	66,426	SH		SOLE		66,426	0	0