Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ADAMS EXPRESS CO	2,267,777	$29.44M	10.4%	$11.96	—	COM	006212104
—	GENERAL AMERN INVS INC	805,743	$28.39M	10.0%	$31.94	—	COM	368802104
—	TRI CONTL CORP	1,348,408	$27.08M	9.5%	$17.90	—	COM	895436103
—	ROYCE VALUE TR INC	1,719,225	$27.04M	9.5%	$15.17	—	COM	780910105
—	PETROLEUM & RES CORP	595,221	$16.62M	5.9%	$25.67	—	COM	716549100
—	CENTRAL SECS CORP	558,452	$12.49M	4.4%	$21.09	—	COM	155123102
—	LIBERTY ALL STAR EQUITY FD	2,086,488	$12.27M	4.3%	$5.22	—	SH BEN INT	530158104
—	DIREXION SHS ETF TR	397,900	$9.239M	3.3%	$30.10	—	DL FTSE BLL 3X	25459W771
FXI	ISHARES	233,000	$8.337M	2.9%	$37.88	—	CHINA LG-CAP ETF	464287184
—	MORGAN STANLEY ASIA PAC FD I	490,460	$8.279M	2.9%	$15.70	—	COM	61744U106
—	ROYCE MICRO-CAP TR INC	665,608	$8.147M	2.9%	$11.43	—	COM	780915104
—	THAI FD INC	748,299	$8.104M	2.9%	$18.25	—	COM	882904105
—	MORGAN STANLEY INDIA INVS FD	338,867	$6.615M	2.3%	$15.40	—	COM	61745C105
—	BOULDER TOTAL RETURN FD INC	246,262	$5.992M	2.1%	$21.17	—	COM	101541100
EEM	ISHARES	140,900	$5.778M	2.0%	$40.76	—	MSCI EMG MKT ETF	464287234
—	BANRO CORP	11,482,167	$5.552M	2.0%	$0.58	—	COM	066800103
—	BOULDER GROWTH & INCOME FD I	669,319	$5.442M	1.9%	$7.44	—	COM	101507101
EPI	WISDOMTREE TR	287,000	$5.442M	1.9%	$18.96	—	INDIA ERNGS FD	97717W422
—	ABERDEEN LATIN AMER EQTY FD	113,048	$3.14M	1.1%	$28.33	—	COM	00306K106
—	CENTRAL EUR RUSS & TURK FD I	105,958	$2.784M	1.0%	$28.17	—	COM	153436100
—	MEXICO EQUITY & INCOME FD	190,982	$2.771M	1.0%	$15.17	—	COM	592834105
—	CLOUGH GLOBAL ALLOCATION FD	160,155	$2.431M	0.9%	$15.15	—	COM	18913Y103
—	DUFF & PHELPS GLB UTL INC FD	117,000	$2.316M	0.8%	$19.79	—	COM	26433C105
—	ABERDEEN ISRAEL FUND INC	126,191	$2.3M	0.8%	$14.83	—	COM	00301L109
—	NEW GERMANY FD INC	110,090	$2.142M	0.8%	$18.35	—	COM	644465106
—	KOREA FD	52,647	$2.112M	0.7%	$38.73	—	COM NEW	500634209
—	ZWEIG FD	131,737	$2.001M	0.7%	$12.81	—	COM NEW	989834205
—	ISHARES	168,500	$1.909M	0.7%	$12.14	—	MSCI JAPAN ETF	464286848
—	EUROPEAN EQUITY FUND	207,311	$1.878M	0.7%	$7.16	—	COM	298768102
—	MARKET VECTORS ETF TR	75,000	$1.77M	0.6%	$21.13	—	GOLD MINER ETF	57060U100
—	MACQUARIE GLBL INFRA TOTL RE	63,997	$1.504M	0.5%	$22.52	—	COM	55608D101
XXCHNXX	CHINA FD INC	75,200	$1.497M	0.5%	$20.16	—	COM	169373107
—	KOREA EQUITY FD INC	179,867	$1.48M	0.5%	$7.87	—	COM	50063B104
—	JPMORGAN CHINA REGION FD INC	101,547	$1.446M	0.5%	$14.96	—	COM	48126T104
—	COHEN & STEERS QUALITY RLTY	136,600	$1.438M	0.5%	$9.48	—	COM	19247L106
—	JAPAN EQUITY FD INC	217,820	$1.422M	0.5%	$6.79	—	COM	471057109
—	DENALI FD INC	67,095	$1.373M	0.5%	$19.46	—	COM	24823A102
—	INDIA FD INC	48,400	$1.115M	0.4%	$20.00	—	COM	454089103
—	JAPAN SMALLER CAPTLZTN FD IN	114,754	$1.005M	0.4%	$9.11	—	COM	47109U104
—	TAIWAN FD INC	52,413	$990K	0.3%	$19.03	—	COM	874036106
—	ELLSWORTH FUND LTD	114,557	$985K	0.3%	$7.66	—	COM	289074106
—	BANCROFT FUND LTD	48,439	$947K	0.3%	$17.33	—	COM	059695106
—	CLOUGH GLOBAL EQUITY FD	60,200	$928K	0.3%	$14.97	—	COM	18914C100
—	ABERDEEN EMERGING MKTS SMALL	68,443	$910K	0.3%	$17.64	—	COM	00301T102
—	NEW IRELAND FUND INC	57,886	$832K	0.3%	$13.97	—	COM	645673104
—	ABERDEEN INDONESIA FD INC	82,765	$781K	0.3%	$9.08	—	COM	00305P106
EZU	ISHARES	18,400	$778K	0.3%	$41.36	—	EMU ETF	464286608
FEZ	SPDR INDEX SHS FDS	18,100	$772K	0.3%	$42.21	—	EURO STOXX 50	78463X202
IEV	ISHARES	15,800	$763K	0.3%	$47.47	—	EUROPE ETF	464287861
—	ISHARES	35,800	$737K	0.3%	$20.89	—	MSCI UK ETF	464286699
—	MORGAN STANLEY EASTN EUR FD	35,880	$646K	0.2%	$18.87	—	COM	616988101
DXJ	WISDOMTREE TR	11,800	$559K	0.2%	$47.32	—	COM	97717W851
—	LATIN AMERN DISCOVERY FD INC	41,485	$535K	0.2%	$13.19	—	COM	51828C106
—	ASIA PAC FD INC	37,900	$392K	0.1%	$10.10	—	COM	044901106
—	DIVIDEND & INCOME FUND	21,080	$322K	0.1%	$15.11	—	COM NEW	25538A204
XFEOX	FIRST TR/ABERDEEN EMERG OPT	16,435	$296K	0.1%	$18.01	—	COM	33731K102
—	CLOUGH GLOBAL OPPORTUNITIES	15,500	$198K	0.1%	$12.87	—	SH BEN INT	18914E106
—	VIRTUS TOTAL RETURN FD	44,724	$198K	0.1%	$3.94	—	COM	92829A103
—	NEUBERGER BERMAN RE ES SEC F	39,000	$184K	0.1%	$4.72	—	COM	64190A103
EWD	ISHARES	4,400	$161K	0.1%	$35.84	—	MSCI SWEDEN ETF	464286756
—	TURKISH INVT FD INC	11,705	$126K	0.0%	$14.95	—	COM	900145103
—	RMR REAL ESTATE INCOME FUND	6,019	$112K	0.0%	$18.21	—	COM	76970B101
—	GABELLI GLOBL UTIL & INCOME	5,602	$111K	0.0%	$19.81	—	COM SH BEN INT	36242L105
—	SWISS HELVETIA FD INC	5,336	$77,000	0.0%	$12.29	—	COM	870875101
—	BLACKROCK ECOSOLUTIONS INVT	6,100	$49,000	0.0%	$7.85	—	COM SH	092546100
—	DIREXION SHS ETF TR	2,700	$44,000	0.0%	$16.30	—	DLY RUSSIA BUL	25459Y645
—	COHEN & STEERS INFRASTRUCTUR	200	$4,000	0.0%	$20.00	—	COM	19248A109