UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 13F
Form 13F COVER PAGE
Report for the Calendar Year or Quarter Ended: March 31, 2013
Check here if Amendment []; Amendment Number:
This Amendment (Check only one.): [ ] is a restatement.
[ ] adds new holdings entries.
Institutional Investment Manager Filing this Report:
Name: RELATIVE VALUE PARTNERS, LLC
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Address: 1033 SKOKIE BLVD., SUITE 470, NORTHBROOK, IL 60062
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Form 13F File Number: 028-12229
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The institutional investment manager filing this report and the person by whom
it is signed hereby represent that the person signing the report is authorized
to submit it, that all information contained herein is true, correct and
complete, and that it is understood that all required items, statements,
schedules, lists, and tables, are considered integral parts of this form.
Person Signing this Report on Behalf of Reporting Manager:
Name: MAURY FERTIG
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Title: MANAGING MEMBER
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Phone: 847-513-6300
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Signature, Place, and Date of Signing:
/s/ MAURY FERTIG NORTHBROOK, IL 5/14/2013
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[Signature] [City, State] [Date]
Report Type (Check only one):
[X] 13F HOLDINGS REPORT. (Check here if all holdings of this reporting
manager are reported in this report.)
[ ] 13F NOTICE. (Check here if no holdings reported are in this report,
and all holdings are reported by other reporting manager(s).)
[ ] 13F COMBINATION REPORT. (Check here if a portion of the holdings for
this reporting manager are reported in this report and a portion are
reported by other reporting manager(s).)
List of Other Managers Reporting for this Manager: NONE
Form 13F SUMMARY PAGE
Report Summary:
Number of Other Included Managers: 0
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Form 13F Information Table Entry Total: 84
8 ------------
Form 13F Information Table Value Total: 611,387
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(thousands)
List of Other Included Managers:
Provide a numbered list of the name(s) and 13F file number(s) of all
institutional investment managers with respect to which this report is filed,
other than the manager filing this report. NONE
FORM 13F INFORMATION TABLE
VALUE SHARES/ SH/ PUT/ INVSTMT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x $1000) RN AMT PRN CALL DSCRETN MANAGERS SOLE
--------------------------- -------------- --------- --------- ------- --- ---- ------- -------- ----------------
ALEXCO RESOURCE CORP COM 01535P106 51 15500 SH SOLE NONE 15500
ALLIANCEBERNSTEIN INCOME FD COM 01881E101 36079 4416062 SH SOLE NONE 4416062
ALLIANZGI EQUITY & CONV INCO COM 018829101 4729 262554 SH SOLE NONE 262554
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 2506 149001 SH SOLE NONE 149001
ALPS ETF TR ALERIAN MLP 00162Q866 9389 529856 SH SOLE NONE 529856
BANK OF AMERICA CORP COM 060505104 222 18226 SH SOLE NONE 18226
BLACKROCK CR ALLCTN INC TR COM 092508100 47809 3414893 SH SOLE NONE 3414893
BLACKROCK ENH CAP & INC FD COM 09256A109 3424 263150 SH SOLE NONE 263150
BLACKROCK ENHANCED EQT DIV COM 09251A104 19525 2496770 SH SOLE NONE 2496770
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 11767 847777 SH SOLE NONE 847777
BLACKROCK INTL GRWTH & INC TR COM BENE INTER 092524107 717 93984 SH SOLE NONE 93984
CALAMOS CONV & HIGH INCOME FD COM SHS 12811P108 131 10212 SH SOLE NONE 10212
CFS BANCORP INC COM 12525D102 156 19510 SH SOLE NONE 19510
CITIGROUP INC COM NEW 172967424 355 8024 SH SOLE NONE 8024
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 1803 140056 SH SOLE NONE 140056
COHEN & STEERS INFRASTRUCTUR COM 19248A109 217 10506 SH SOLE NONE 10506
EATON VANCE ENHANCED EQ INC COM 278274105 820 70210 SH SOLE NONE 70210
EATON VANCE RISK MNGD DIV EQ COM 27829G106 29631 2696195 SH SOLE NONE 2696195
EATON VANCE TAX MNGD GBL DV COM 27829F108 16974 1821294 SH SOLE NONE 1821294
EATON VANCE TX MGD DIV EQ INC COM 27828N102 40299 3966414 SH SOLE NONE 3966414
EATON VANCE TX MNG BY WRT OPT COM 27828Y108 20297 1551771 SH SOLE NONE 1551771
EATON VANCE TXMGD GL BUYWR COM 27829C105 606 54081 SH SOLE NONE 54081
ELLSWORTH FUND LTD COM 289074106 2319 303555 SH SOLE NONE 303555
GDL FUND COM SH BEN IT 361570104 324 27485 SH SOLE NONE 27485
GENERAL ELECTRIC CO COM 369604103 233 10059 SH SOLE NONE 10059
GUGGENHEIM ENH EQTY STRGY COM 40167K100 3397 180586 SH SOLE NONE 180586
GULF RESOURCES INC COM PAR $0.0005 40251W309 16 14400 SH SOLE NONE 14400
HARTFORD FINL SVCS GROUP INC COM 416515104 101 3900 SH SOLE NONE 3900
INTEL CORP COM 458140100 526 24071 SH SOLE NONE 24071
INTERVEST BANCSHARES CORP COM 460927106 129 22000 SH SOLE NONE 22000
ISHARES INC MSCI JAPAN 464286848 230 21294 SH SOLE NONE 21294
ISHARES INC MSCI GLB GOLD 464286335 5903 368030 SH SOLE NONE 368030
ISHARES TR BARCLYS 7-10 YR 464287440 13310 123999 SH SOLE NONE 123999
ISHARES TR BARCLYS SH TREA 464288679 3827 34719 SH SOLE NONE 34719
ISHARES TR IBOXX INV CPBD 464287242 402 3356 SH SOLE NONE 3356
ISHARES TR S&P 100 IDX FD 464287101 50275 713824 SH SOLE NONE 713824
JOHNSON & JOHNSON COM 478160104 417 5120 SH SOLE NONE 5120
JPMORGAN CHASE & CO COM 46625H100 261 5500 SH SOLE NONE 5500
KRAFT FOODS GROUP COM 50076Q106 16 308 SH SOLE NONE 308
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 21494 4157515 SH SOLE NONE 4157515
LOEWS CORP COM 540424108 758 17200 SH SOLE NONE 17200
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 2444 115463 SH SOLE NONE 115463
MARKET VECTORS ETF TR GOLD MINER ETF 57060U100 273 7200 SH SOLE NONE 7200
MERCK & CO INC NEW COM 58933Y105 287 6500 SH SOLE NONE 6500
MFS MULTIMARKET INCOME TRUST SH BEN INT 552737108 8010 1088314 SH SOLE NONE 1088314
MICROSOFT CORP COM 594918104 459 16039 SH SOLE NONE 16039
MONDELEZ INTL INC CL A 609207105 28 928 SH SOLE NONE 928
MORGAN STANLEY ASIA PAC FD COM 61744U106 418 25880 SH SOLE NONE 25880
NEW GERMANY FUND COM 644465106 294 17448 SH SOLE NONE 17448
NEXPOINT CR STRATEGIES FD COM 65340G106 2861 372496 SH SOLE NONE 372496
NUVEEN CR STRATEGIES INCM FD COM SHS 67073D102 358 34263 SH SOLE NONE 34263
NUVEEN DIVER CURRENCY OPPOR COM 67090N109 392 30228 SH SOLE NONE 30228
NUVEEN EQTY PRM OPPORTUNITY COM 6706EM102 6365 505139 SH SOLE NONE 505139
NUVEEN EQUITY PREM & GROWTH COM 6706EW100 3415 250345 SH SOLE NONE 250345
NUVEEN EQUITY PREM ADV FD COM 6706ET107 3570 287172 SH SOLE NONE 287172
NUVEEN EQUITY PREM INCOME FD COM 6706ER101 5667 442726 SH SOLE NONE 442726
OMNIAMERICAN BANCORP INC COM 68216R107 550 21750 SH SOLE NONE 21750
PFIZER INC COM 717081103 371 12850 SH SOLE NONE 12850
PHILIP MORRIS INTL INC COM 718172109 127 1370 SH SOLE NONE 1370
PIMCO ETF TR TOTL RETN ETF 72201R775 7209 65663 SH SOLE NONE 65663
POLONIA BACORP INC MD COM 73158Q109 522 58366 SH SOLE NONE 58366
POWERSHARES ETF TRUST II SENIOR LN PORT 73936Q769 31203 1243133 SH SOLE NONE 1243133
PROCTER & GAMBLE CO COM 742718109 208 2700 SH SOLE NONE 2700
PROSHARES TR PSHS ULSHT SP500 74347B300 4817 109628 SH SOLE NONE 109628
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 516 41000 SH SOLE NONE 41000
ROYCE VALUE TR INC COM 780910105 30781 2043921 SH SOLE NONE 2043921
SELECT SECTOR SPDR TR SBI INT-UTILS 81369Y886 379 9700 SH SOLE NONE 9700
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 264 8714 SH SOLE NONE 8714
SONDE RES CORP COM 835426107 24 18100 SH SOLE NONE 18100
SPDR GOLD TRUST GOLD SHS 78463V107 386 2500 SH SOLE NONE 2500
SPDR INDEX SHS FDS EURO STOXX 50 78463X202 272 8245 SH SOLE NONE 8245
SPECIAL OPPORTUNITIES FD INC COM 84741T104 23020 1383418 SH SOLE NONE 1383418
TRI CONTL CORP COM 895436103 28931 1648463 SH SOLE NONE 1648463
VANGUARD BD INDEX FD INC TOTAL BND MRKT 921937835 25997 310815 SH SOLE NONE 310815
VANGUARD INDEX FDS TOTAL STK MKT 922908769 14531 179488 SH SOLE NONE 179488
VANGUARD INTL EQUITY INDEX FTSE EMR MKT ETF 922042858 253 5902 SH SOLE NONE 5902
VANGUARD SCOTTSDALE FDS INT-TERM CORP 92206C870 996 11400 SH SOLE NONE 11400
VANGUARD WORLD FDS INF TECH ETF 92204A702 7606 104341 SH SOLE NONE 104341
VANGUARD WORLD FDS ENERGY ETF 92204A306 234 2064 SH SOLE NONE 2064
VIRTUS TOTAL RETURN FD COM 92829A103 439 106776 SH SOLE NONE 106776
VISTEON CORP COM NEW 92839U206 69 1200 SH SOLE NONE 1200
WESTERN ASSET INFL MGMT FD COM 95766U107 9746 527939 SH SOLE NONE 527939
ZWEIG FUND INC NEW COM NEW 989834205 11345 872703 SH SOLE NONE 872703
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 24308 1865521 SH SOLE NONE 1865521