1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES INC	6,359,230	$71,351	9.4%	$11.22	—	MSCI JAPAN	464286848
—	SWISS HELVETIA FD INC	4,564,002	$56,229	7.4%	$12.32	—	COM	870875101
—	MORGAN STANLEY ASIA PAC FD I	2,641,292	$41,415	5.5%	$15.68	—	COM	61744U106
—	NEW GERMANY FD INC	2,153,361	$37,899	5.0%	$17.60	—	COM	644465106
EWA	ISHARES INC	1,352,170	$30,532	4.0%	$22.58	—	MSCI AUSTRALIA	464286103
EWQ	ISHARES INC	1,147,700	$26,753	3.5%	$23.31	—	MSCI FRANCE	464286707
—	EATON VANCE TAX MNGD GBL DV	2,566,859	$23,795	3.1%	$9.27	—	COM	27829F108
—	JAPAN SMALLER CAPTLZTN FD IN	2,426,235	$20,793	2.7%	$8.57	—	COM	47109U104
—	LAZARD GLB TTL RET&INCM FD I	1,251,776	$20,454	2.7%	$16.34	—	COM	52106W103
—	THAI FD INC	901,666	$19,476	2.6%	$21.60	—	COM	882904105
—	KOREA FD	524,404	$18,076	2.4%	$34.47	—	COM NEW	500634209
—	CLOUGH GLOBAL EQUITY FD	1,160,050	$17,366	2.3%	$14.97	—	COM	18914C100
—	TEMPLETON DRAGON FD INC	668,374	$16,776	2.2%	$25.10	—	COM	88018T101
—	JAPAN EQUITY FD INC	2,335,195	$15,085	2.0%	$6.46	—	COM	471057109
—	INDIA FD INC	661,445	$12,680	1.7%	$19.17	—	COM	454089103
—	TRI CONTL CORP	684,362	$12,250	1.6%	$17.90	—	COM	895436103
—	ALLIANCEBERNSTEIN INCOME FUN	1,548,519	$11,552	1.5%	$7.46	—	COM	01881E101
—	ABERDEEN LATIN AMER EQTY FD	367,041	$11,515	1.5%	$31.37	—	COM	00306K106
VEA	VANGUARD TAX MANAGED INTL FD	319,500	$11,374	1.5%	$35.60	—	FTSE DEV MKT ETF	921943858
—	CENTRAL EUR RUSS & TURK FD I	341,979	$10,198	1.3%	$29.82	—	COM	153436100
—	SINGAPORE FD INC	750,179	$9,700	1.3%	$12.93	—	COM	82929L109
—	WESTERN ASSET CLYM INFL OPP	814,504	$9,652	1.3%	$11.85	—	COM	95766R104
—	CLOUGH GLOBAL OPPORTUNITIES	741,767	$9,547	1.3%	$12.87	—	SH BEN INT	18914E106
—	EUROPEAN EQUITY FUND	1,305,287	$9,346	1.2%	$7.16	—	COM	298768102
—	ADAMS EXPRESS CO	741,101	$8,864	1.2%	$11.96	—	COM	006212104
—	MONTGOMERY STR INCOME SECS I	542,824	$8,772	1.2%	$16.16	—	COM	614115103
—	LIBERTY ALL STAR EQUITY FD	1,680,800	$8,740	1.2%	$5.20	—	SH BEN INT	530158104
—	GENERAL AMERN INVS INC	256,767	$8,201	1.1%	$31.94	—	COM	368802104
—	MORGAN STANLEY EMER MKTS FD	567,245	$8,134	1.1%	$14.34	—	COM	61744G107
—	GABELLI DIVD & INCOME TR	396,295	$7,652	1.0%	$19.31	—	COM	36242H104
—	ABERDEEN INDONESIA FD INC	566,880	$6,701	0.9%	$11.82	—	COM	00305P106
—	TEMPLETON EMERGING MKTS FD I	377,371	$6,604	0.9%	$17.50	—	COM	880191101
—	ABERDEEN ISRAEL FUND INC	422,520	$6,190	0.8%	$14.65	—	COM	00301L109
—	ISHARES INC	330,196	$5,831	0.8%	$17.66	—	MSCI UTD KINGD	464286699
—	EATON VANCE TXMGD GL BUYWR O	514,200	$5,718	0.8%	$11.12	—	COM	27829C105
—	WESTERN ASSET CLYM INFL SEC	468,299	$5,601	0.7%	$11.96	—	COM SH BEN INT	95766Q106
—	BLACKROCK INTL GRWTH & INC T	721,812	$5,320	0.7%	$7.37	—	COM BENE INTER	092524107
—	BLACKROCK CR ALLCTN INC TR	404,822	$5,255	0.7%	$12.98	—	COM	092508100
—	TAIWAN FD INC	289,414	$4,703	0.6%	$16.25	—	COM	874036106
—	MEXICO EQUITY & INCOME FD	303,173	$4,666	0.6%	$15.39	—	COM	592834105
—	PETROLEUM & RES CORP	168,011	$4,313	0.6%	$25.67	—	COM	716549100
XEGFX	BLACKROCK ENHANCED GOVT FD I	294,332	$4,168	0.6%	$14.16	—	COM	09255K108
—	EATON VANCE TX MGD DIV EQ IN	400,100	$4,069	0.5%	$10.17	—	COM	27828N102
EFA	ISHARES TR	68,388	$3,919	0.5%	$57.31	—	MSCI EAFE INDEX	464287465
—	PUTNAM PREMIER INCOME TR	729,824	$3,905	0.5%	$5.35	—	SH BEN INT	746853100
—	BLACKROCK INCOME OPP TRUST I	377,861	$3,801	0.5%	$10.06	—	COM	092475102
—	TRANSAMERICA INCOME SHS INC	183,209	$3,778	0.5%	$20.62	—	COM	893506105
—	MFS INTERMARKET INCOME TRUST	451,964	$3,679	0.5%	$8.14	—	SH BEN INT	59318R103
—	KOREA EQUITY FD INC	470,031	$3,676	0.5%	$7.82	—	COM	50063B104
—	MORGAN STANLEY TRUSTS	214,851	$3,659	0.5%	$17.03	—	INCOME SECS INC	61745P874
—	LEGG MASON BW GLB INC OPP FD	188,685	$3,345	0.4%	$17.73	—	COM	52469B100
—	MACQUARIE GLBL INFRA TOTL RE	161,527	$3,298	0.4%	$20.42	—	COM	55608D101
EWC	ISHARES INC	114,700	$2,999	0.4%	$26.15	—	MSCI CDA INDEX	464286509
—	ABERDEEN ASIA PACIFIC INCOM	476,800	$2,956	0.4%	$6.20	—	COM	003009107
—	EATON VANCE RISK MNGD DIV EQ	267,342	$2,914	0.4%	$10.90	—	COM	27829G106
—	NUVEEN DIVER CURRENCY OPPOR	248,943	$2,791	0.4%	$11.21	—	COM	67090N109
—	CENTRAL SECS CORP	129,932	$2,740	0.4%	$21.09	—	COM	155123102
—	WESTERN ASSET INCOME FD	205,100	$2,640	0.3%	$12.87	—	COM	95766T100
XXCHNXX	CHINA FD INC	130,233	$2,602	0.3%	$19.98	—	COM	169373107
—	NEW IRELAND FUND INC	250,218	$2,602	0.3%	$10.40	—	COM	645673104
—	BLACKROCK ENHANCED EQT DIV T	331,962	$2,526	0.3%	$7.61	—	COM	09251A104
—	PUTNAM MASTER INTER INCOME T	472,429	$2,353	0.3%	$4.98	—	SH BEN INT	746909100
—	LATIN AMERN DISCOVERY FD INC	173,749	$2,344	0.3%	$13.49	—	COM	51828C106
—	VIRTUS GLOBAL MULTI-SEC INC	133,600	$2,330	0.3%	$17.44	—	COM	92829B101
—	BLACKROCK GLOBAL OPP EQTY TR	168,903	$2,280	0.3%	$13.50	—	COM	092501105
—	ASIA PAC FD INC	220,235	$2,224	0.3%	$10.10	—	COM	044901106
—	FORT DEARBORN INCOME SECS IN	153,391	$2,203	0.3%	$14.36	—	COM	347200107
—	CUTWATER SELECT INCOME FD	115,126	$2,114	0.3%	$18.36	—	COM	232229104
—	ROYCE VALUE TR INC	136,091	$2,063	0.3%	$15.16	—	COM	780910105
—	MORGAN STANLEY EASTN EUR FD	127,279	$2,058	0.3%	$16.17	—	COM	616988101
—	J F CHINA REGION FD INC	147,321	$1,942	0.3%	$13.18	—	COM	46614T107
—	ALPINE TOTAL DYNAMIC DIVID F	495,610	$1,938	0.3%	$3.91	—	COM SBI	021060108
—	ZWEIG FD	144,392	$1,850	0.2%	$12.81	—	COM NEW	989834205
—	BANCROFT FUND LTD	103,687	$1,797	0.2%	$17.33	—	COM	059695106
—	WESTERN ASSET GLOBAL CP DEFI	95,938	$1,744	0.2%	$18.18	—	COM	95790C107
—	ELLSWORTH FUND LTD	226,595	$1,736	0.2%	$7.66	—	COM	289074106
—	FIRST TRUST MORTGAGE INCM FD	106,142	$1,687	0.2%	$15.89	—	COM SHS	33734E103
—	ZWEIG TOTAL RETURN FD INC	123,195	$1,584	0.2%	$12.86	—	COM NEW	989837208
—	NUVEEN BUILD AMER BD OPPTNY	74,055	$1,481	0.2%	$20.00	—	COM	67074Q102
—	CLOUGH GLOBAL ALLOCATION FD	97,057	$1,470	0.2%	$15.15	—	COM	18913Y103
—	GDL FUND	117,058	$1,339	0.2%	$11.44	—	COM SH BEN IT	361570104
—	LAZARD WORLD DIVID & INCOME	97,897	$1,284	0.2%	$13.12	—	COM	521076109
—	ROYCE MICRO-CAP TR INC	117,811	$1,274	0.2%	$10.81	—	COM	780915104
—	BLACKROCK RES & COMM STRAT T	104,200	$1,201	0.2%	$11.53	—	SHS	09257A108
—	INVESCO BD FD	62,208	$1,140	0.2%	$18.33	—	COM	46132L107
—	TURKISH INVT FD INC	71,345	$1,134	0.1%	$15.89	—	COM	900145103
—	BLACKROCK INCOME TR INC	159,152	$1,089	0.1%	$6.84	—	COM	09247F100
—	ASIA TIGERS FD INC	88,810	$1,019	0.1%	$11.47	—	COM	04516T105
—	NUVEEN QUALITY INCOME MUN FD	67,493	$912	0.1%	$13.51	—	COM	670977107
—	BLACKROCK CORE BD TR	68,268	$897	0.1%	$13.14	—	SHS BEN INT	09249E101
—	MORGAN STANLEY EM MKTS DM DE	55,800	$806	0.1%	$14.44	—	COM	617477104
—	BLACKROCK BUILD AMER BD TR	35,200	$711	0.1%	$20.20	—	SHS	09248X100
—	NUVEEN MUN ADVANTAGE FD INC	44,724	$600	0.1%	$13.42	—	COM	67062H106
—	DWS GLOBAL HIGH INCOME FD	74,021	$597	0.1%	$8.07	—	COM	23338W104
—	NUVEEN GBL INCOME OPPORTUN F	46,818	$579	0.1%	$12.37	—	COM	67073C104
—	NUVEEN SELECT QUALITY MUN FD	41,493	$564	0.1%	$13.59	—	COM	670973106
—	NUVEEN DIV ADVANTAGE MUN FD	38,504	$537	0.1%	$13.95	—	COM	67070F100
—	NUVEEN MUN MKT OPPORTUNITY F	37,308	$486	0.1%	$13.03	—	COM	67062W103
—	MADISON STRTG SECTOR PREM FD	38,100	$442	0.1%	$11.60	—	COM	558268108
—	TEMPLETON RUS AND EAST EUR F	25,400	$347	0.0%	$13.66	—	COM	88022F105
—	GREATER CHINA FD INC	30,470	$334	0.0%	$10.96	—	COM	39167B102
—	THAI CAP FD INC	27,085	$317	0.0%	$11.70	—	COM NEW	882905201
—	MORGAN STANLEY EMER MKTS DEB	24,700	$251	0.0%	$10.16	—	COM	61744H105
—	ABERDEEN EMERGING MKTS SMALL	10,100	$201	0.0%	$19.90	—	COM	00301T102
—	MFS CHARTER INCOME TR	19,300	$179	0.0%	$9.27	—	SH BEN INT	552727109
—	LIBERTY ALL-STAR GROWTH FD I	33,279	$149	0.0%	$4.48	—	COM	529900102
—	PUTNAM MUN OPPORTUNITIES TR	11,300	$130	0.0%	$11.50	—	SH BEN INT	746922103
EEM	ISHARES TR	1,400	$54	0.0%	$38.57	—	MSCI EMERG MKT	464287234