Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ADAMS EXPRESS CO	2,426,141	$31.71M	10.0%	$11.96	—	COM	006212104
—	ROYCE VALUE TR INC	1,798,657	$28.8M	9.1%	$15.17	—	COM	780910105
—	GENERAL AMERN INVS INC	805,743	$28.36M	8.9%	$31.94	—	COM	368802104
—	TRI CONTL CORP	1,365,347	$27.28M	8.6%	$17.90	—	COM	895436103
EEM	ISHARES	548,700	$22.93M	7.2%	$40.76	—	MSCI EMG MKT ETF	464287234
—	PETROLEUM & RES CORP	595,221	$16.3M	5.1%	$25.67	—	COM	716549100
—	CENTRAL SECS CORP	599,964	$13.03M	4.1%	$21.09	—	COM	155123102
—	LIBERTY ALL STAR EQUITY FD	2,086,488	$12.46M	3.9%	$5.22	—	SH BEN INT	530158104
—	DIREXION SHS ETF TR	404,000	$12.16M	3.8%	$30.10	—	DL FTSE BLL 3X	25459W771
—	THAI FD INC	562,906	$10.22M	3.2%	$20.69	—	COM	882904105
—	ROYCE MICRO-CAP TR INC	694,108	$8.753M	2.8%	$11.43	—	COM	780915104
VWO	VANGUARD INTL EQUITY INDEX F	197,525	$8.126M	2.6%	$40.60	—	FTSE EMR MKT ETF	922042858
—	MORGAN STANLEY ASIA PAC FD I	490,460	$8.122M	2.6%	$15.70	—	COM	61744U106
FXI	ISHARES	191,600	$7.352M	2.3%	$38.34	—	CHINA LG-CAP ETF	464287184
TUR	ISHARES	141,800	$6.758M	2.1%	$47.66	—	MSCI TURKEY ETF	464286715
—	MORGAN STANLEY INDIA INVS FD	338,867	$5.923M	1.9%	$15.40	—	COM	61745C105
—	BOULDER TOTAL RETURN FD INC	246,262	$5.666M	1.8%	$21.17	—	COM	101541100
—	BOULDER GROWTH & INCOME FD I	669,319	$5.381M	1.7%	$7.44	—	COM	101507101
—	BANRO CORP	8,611,617	$4.788M	1.5%	$0.61	—	COM	066800103
—	CLOUGH GLOBAL ALLOCATION FD	209,063	$3.215M	1.0%	$15.15	—	COM	18913Y103
—	ALLIANZGI EQUITY & CONV INCO	145,417	$2.839M	0.9%	$18.33	—	COM	018829101
—	MEXICO EQUITY & INCOME FD	147,969	$2.202M	0.7%	$15.37	—	COM	592834105
—	ELLSWORTH FUND LTD	262,026	$2.146M	0.7%	$7.66	—	COM	289074106
—	EUROPEAN EQUITY FUND	238,911	$2.137M	0.7%	$7.16	—	COM	298768102
—	ABERDEEN ISRAEL FUND INC	122,015	$2.057M	0.6%	$14.71	—	COM	00301L109
—	ISHARES	168,500	$2.045M	0.6%	$12.14	—	MSCI JAPAN ETF	464286848
—	ZWEIG FD	131,737	$1.958M	0.6%	$12.81	—	COM NEW	989834205
—	DIVIDEND & INCOME FUND	129,542	$1.957M	0.6%	$15.11	—	COM NEW	25538A204
SPY	SPDR S&P 500 ETF TR	10,350	$1.912M	0.6%	$161.72	—	TR UNIT	78462F103
—	KOREA EQUITY FD INC	207,899	$1.73M	0.5%	$7.87	—	COM	50063B104
—	MARKET VECTORS ETF TR	75,000	$1.585M	0.5%	$21.13	—	GOLD MINER ETF	57060U100
—	ABERDEEN LATIN AMER EQTY FD	56,324	$1.58M	0.5%	$28.89	—	COM	00306K106
—	CENTRAL EUR RUSS & TURK FD I	49,116	$1.5M	0.5%	$30.36	—	COM	153436100
EWD	ISHARES	38,000	$1.362M	0.4%	$35.84	—	MSCI SWEDEN ETF	464286756
—	BANCROFT FUND LTD	70,672	$1.314M	0.4%	$17.33	—	COM	059695106
—	NEW GERMANY FD INC	65,857	$1.313M	0.4%	$17.60	—	COM	644465106
—	COHEN & STEERS QUALITY RLTY	136,600	$1.295M	0.4%	$9.48	—	COM	19247L106
—	DENALI FD INC	67,095	$1.29M	0.4%	$19.46	—	COM	24823A102
—	INDIA FD INC	61,400	$1.228M	0.4%	$20.00	—	COM	454089103
—	JPMORGAN CHINA REGION FD INC	79,352	$1.203M	0.4%	$15.16	—	COM	48126T104
—	CLOUGH GLOBAL EQUITY FD	68,900	$1.082M	0.3%	$14.97	—	COM	18914C100
—	MARKET VECTORS ETF TR	33,800	$1.049M	0.3%	$31.04	—	JR GOLD MINERS E	57061R544
DXJ	WISDOMTREE TR	18,000	$915K	0.3%	$47.32	—	JAPN HEDGE EQT	97717W851
—	JAPAN SMALLER CAPTLZTN FD IN	96,800	$888K	0.3%	$9.17	—	COM	47109U104
—	MACQUARIE GLBL INFRA TOTL RE	40,013	$884K	0.3%	$21.94	—	COM	55608D101
—	JAPAN EQUITY FD INC	122,746	$858K	0.3%	$6.99	—	COM	471057109
FEZ	SPDR INDEX SHS FDS	18,100	$764K	0.2%	$42.21	—	EURO STOXX 50	78463X202
—	KOREA FD	18,462	$762K	0.2%	$36.17	—	COM NEW	500634209
EZU	ISHARES	18,400	$761K	0.2%	$41.36	—	EMU ETF	464286608
IEV	ISHARES	15,800	$750K	0.2%	$47.47	—	EUROPE ETF	464287861
—	ISHARES	35,800	$748K	0.2%	$20.89	—	MSCI UK ETF	464286699
—	ABERDEEN EMERGING MKTS SMALL	45,005	$621K	0.2%	$19.90	—	COM	00301T102
—	ASIA PAC FD INC	56,515	$594K	0.2%	$10.10	—	COM	044901106
—	TAIWAN FD INC	28,200	$545K	0.2%	$19.16	—	COM	874036106
EFA	ISHARES	7,885	$529K	0.2%	$63.80	—	MSCI EAFE ETF	464287465
ACWI	ISHARES	7,500	$432K	0.1%	$53.92	—	MSCI ACWI ETF	464288257
—	TURKISH INVT FD INC	25,280	$371K	0.1%	$14.95	—	COM	900145103
—	MORGAN STANLEY EASTN EUR FD	17,759	$360K	0.1%	$19.75	—	COM	616988101
—	LATIN AMERN DISCOVERY FD INC	25,291	$330K	0.1%	$13.37	—	COM	51828C106
—	ABERDEEN INDONESIA FD INC	35,150	$290K	0.1%	$8.59	—	COM	00305P106
—	DIREXION SHS ETF TR	4,700	$258K	0.1%	$54.89	—	INDIA BULL 3X SH	25459Y330
XXCHNXX	CHINA FD INC	11,500	$239K	0.1%	$21.53	—	COM	169373107
—	ROYCE GLOBAL VALUE TR INC	24,290	$216K	0.1%	$8.89	—	COM	78081T104
EWP	ISHARES	5,500	$212K	0.1%	$29.61	—	MSCI SPAN CP ETF	464286764
—	CLOUGH GLOBAL OPPORTUNITIES	15,500	$203K	0.1%	$12.87	—	SH BEN INT	18914E106
—	NEW IRELAND FUND INC	15,475	$199K	0.1%	$12.86	—	COM	645673104
—	VIRTUS TOTAL RETURN FD	44,724	$176K	0.1%	$3.94	—	COM	92829A103
BB	BLACKBERRY LTD	20,000	$149K	0.0%	$9.71	-27.3%	COM	09228F103
—	ISHARES	8,800	$137K	0.0%	$13.45	—	MSCI ITALCPD ETF	464286855
—	SWISS HELVETIA FD INC	7,000	$98,000	0.0%	$12.29	—	COM	870875101
—	BLACKROCK ECOSOLUTIONS INVT	9,300	$73,000	0.0%	$7.85	—	COM SH	092546100
—	COHEN & STEERS REIT & PFD IN	2,000	$31,000	0.0%	$15.50	—	COM	19247X100
—	RMR REAL ESTATE INCOME FUND	1,383	$23,000	0.0%	$16.88	—	COM	76970B101