1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	7,911,732	$96,041	8.1%	$11.37	—	MSCI JAPAN ETF	464286848
—	SWISS HELVETIA FD INC	4,435,128	$61,870	5.2%	$12.32	—	COM	870875101
EWA	ISHARES	2,049,746	$49,952	4.2%	$23.28	—	MSCI AUST ETF	464286103
EWQ	ISHARES	1,601,100	$45,551	3.8%	$24.47	—	MSCI FRANCE ETF	464286707
—	MORGAN STANLEY ASIA PAC FD I	2,553,831	$42,292	3.6%	$15.68	—	COM	61744U106
EFA	ISHARES	533,440	$35,791	3.0%	$66.63	—	MSCI EAFE ETF	464287465
—	NEW GERMANY FD INC	1,772,657	$35,329	3.0%	$17.60	—	COM	644465106
—	ALLIANCEBERNSTEIN INCOME FUN	4,823,801	$34,394	2.9%	$7.22	—	COM	01881E101
—	BLACKROCK GLOBAL OPP EQTY TR	2,165,908	$32,402	2.7%	$14.60	—	COM	092501105
—	BLACKROCK RES & COMM STRAT T	2,666,974	$30,910	2.6%	$11.58	—	SHS	09257A108
—	WESTERN ASSET CLYM INFL OPP	2,380,039	$26,823	2.3%	$11.54	—	COM	95766R104
—	ALPINE TOTAL DYNAMIC DIVID F	6,372,778	$26,702	2.2%	$4.16	—	COM SBI	021060108
—	EATON VANCE TAX MNGD GBL DV	2,587,851	$25,879	2.2%	$9.29	—	COM	27829F108
—	MONTGOMERY STR INCOME SECS I	1,463,017	$22,735	1.9%	$15.81	—	COM	614115103
—	JAPAN SMALLER CAPTLZTN FD IN	2,400,435	$22,012	1.8%	$8.57	—	COM	47109U104
—	LAZARD GLB TTL RET&INCM FD I	1,209,043	$21,303	1.8%	$16.34	—	COM	52106W103
—	KOREA FD	505,958	$20,876	1.8%	$34.47	—	COM NEW	500634209
—	BLACKROCK INTL GRWTH & INC T	2,300,742	$18,705	1.6%	$7.69	—	COM BENE INTER	092524107
—	ISHARES	878,048	$18,334	1.5%	$19.81	—	MSCI UK ETF	464286699
—	PUTNAM PREMIER INCOME TR	3,268,833	$17,782	1.5%	$5.36	—	SH BEN INT	746853100
—	BLACKROCK CR ALLCTN INC TR	1,304,429	$17,036	1.4%	$13.03	—	COM	092508100
—	TEMPLETON DRAGON FD INC	648,532	$16,784	1.4%	$25.10	—	COM	88018T101
—	JAPAN EQUITY FD INC	2,289,582	$16,004	1.3%	$6.46	—	COM	471057109
—	CLOUGH GLOBAL EQUITY FD	1,013,766	$15,926	1.3%	$14.97	—	COM	18914C100
—	WESTERN ASSET CLYM INFL SEC	1,381,894	$15,781	1.3%	$11.65	—	COM SH BEN INT	95766Q106
—	COHEN & STEERS INFRASTRUCTUR	709,919	$14,624	1.2%	$19.95	—	COM	19248A109
—	TRI CONTL CORP	707,614	$14,138	1.2%	$17.91	—	COM	895436103
—	THAI FD INC	753,536	$13,677	1.1%	$21.55	—	COM	882904105
—	BLACKROCK INCOME TR INC	1,951,032	$12,643	1.1%	$6.58	—	COM	09247F100
—	INDIA FD INC	582,448	$11,649	1.0%	$19.17	—	COM	454089103
—	TRANSAMERICA INCOME SHS INC	543,654	$11,351	1.0%	$20.66	—	COM	893506105
—	MORGAN STANLEY TRUSTS	645,007	$10,843	0.9%	$16.85	—	INCOME SECS INC	61745P874
—	EUROPEAN EQUITY FUND	1,204,531	$10,772	0.9%	$7.16	—	COM	298768102
—	BLACKROCK INCOME OPP TRUST I	1,100,821	$10,678	0.9%	$9.86	—	COM	092475102
—	ADAMS EXPRESS CO	795,195	$10,393	0.9%	$11.99	—	COM	006212104
—	ABERDEEN LATIN AMER EQTY FD	368,796	$10,345	0.9%	$31.32	—	COM	00306K106
—	CENTRAL EUR RUSS & TURK FD I	328,607	$10,039	0.8%	$29.85	—	COM	153436100
—	CLOUGH GLOBAL OPPORTUNITIES	756,061	$9,882	0.8%	$12.87	—	SH BEN INT	18914E106
—	WESTERN ASSET GLOBAL CP DEFI	532,887	$9,629	0.8%	$17.99	—	COM	95790C107
—	GENERAL AMERN INVS INC	272,788	$9,602	0.8%	$32.07	—	COM	368802104
—	ABERDEEN SINGAPORE FD INC	740,707	$9,459	0.8%	$12.77	—	COM	003244100
—	MORGAN STANLEY EMER MKTS FD	582,505	$9,017	0.8%	$14.38	—	COM	61744G107
XEGFX	BLACKROCK ENHANCED GOVT FD I	634,013	$8,844	0.7%	$14.10	—	COM	09255K108
—	PUTNAM MASTER INTER INCOME T	1,726,623	$8,702	0.7%	$4.98	—	SH BEN INT	746909100
—	WESTERN ASSET INCOME FD	632,919	$8,343	0.7%	$12.99	—	COM	95766T100
—	LIBERTY ALL STAR EQUITY FD	1,351,759	$8,070	0.7%	$5.20	—	SH BEN INT	530158104
—	NUVEEN DIVER CURRENCY OPPOR	728,947	$7,348	0.6%	$10.55	—	COM	67090N109
—	CUTWATER SELECT INCOME FD	395,467	$7,241	0.6%	$18.22	—	COM	232229104
—	LEGG MASON BW GLB INC OPP FD	425,240	$7,174	0.6%	$17.24	—	COM	52469B100
—	ABERDEEN ISRAEL FUND INC	409,985	$6,912	0.6%	$14.65	—	COM	00301L109
—	GABELLI DIVD & INCOME TR	310,993	$6,895	0.6%	$19.31	—	COM	36242H104
—	FORT DEARBORN INCOME SECS IN	474,359	$6,546	0.5%	$14.02	—	COM	347200107
—	FIRST TRUST MORTGAGE INCM FD	416,645	$6,483	0.5%	$15.64	—	COM SHS	33734E103
—	ABERDEEN INDONESIA FD INC	746,171	$6,163	0.5%	$11.29	—	COM	00305P106
—	ABERDEEN ASIA PACIFIC INCOM	1,038,798	$5,983	0.5%	$6.00	—	COM	003009107
—	EATON VANCE TXMGD GL BUYWR O	478,924	$5,795	0.5%	$11.12	—	COM	27829C105
—	TAIWAN FD INC	288,918	$5,582	0.5%	$16.25	—	COM	874036106
—	PETROLEUM & RES CORP	191,011	$5,230	0.4%	$25.84	—	COM	716549100
—	MFS INTERMARKET INCOME TRUST	636,076	$5,159	0.4%	$8.13	—	SH BEN INT	59318R103
—	MEXICO EQUITY & INCOME FD	301,284	$4,483	0.4%	$15.39	—	COM	592834105
—	BLACKROCK ENHANCED EQT DIV T	558,145	$4,432	0.4%	$7.72	—	COM	09251A104
—	EATON VANCE TX MGD DIV EQ IN	400,100	$4,369	0.4%	$10.17	—	COM	27828N102
—	BLACKROCK UTIL & INFRASTRCTU	242,449	$4,333	0.4%	$17.87	—	COM	09248D104
—	INVESCO BD FD	242,432	$4,289	0.4%	$17.82	—	COM	46132L107
—	KOREA EQUITY FD INC	500,929	$4,168	0.3%	$7.85	—	COM	50063B104
—	NUVEEN BUILD AMER BD OPPTNY	210,855	$4,097	0.3%	$19.45	—	COM	67074Q102
—	NEW IRELAND FUND INC	299,757	$3,849	0.3%	$10.76	—	COM	645673104
XXCHNXX	CHINA FD INC	184,344	$3,836	0.3%	$20.46	—	COM	169373107
VEA	VANGUARD TAX MANAGED INTL FD	89,800	$3,743	0.3%	$36.81	—	FTSE DEV MKT ETF	921943858
—	MFS CHARTER INCOME TR	412,762	$3,735	0.3%	$9.01	—	SH BEN INT	552727109
—	EATON VANCE RISK MNGD DIV EQ	314,595	$3,545	0.3%	$10.96	—	COM	27829G106
—	WELLS FARGO ADVANTAGE MULTI	250,692	$3,525	0.3%	$14.09	—	COM SHS	94987D101
—	MORGAN STANLEY EASTN EUR FD	166,302	$3,369	0.3%	$16.99	—	COM	616988101
—	ZWEIG FD	222,973	$3,313	0.3%	$13.23	—	COM NEW	989834205
—	TEMPLETON EMERGING MKTS FD I	179,580	$3,143	0.3%	$17.50	—	COM	880191101
—	MFS MULTIMARKET INCOME TR	439,810	$2,912	0.2%	$6.62	—	SH BEN INT	552737108
—	CENTRAL SECS CORP	129,932	$2,822	0.2%	$21.09	—	COM	155123102
—	CBRE CLARION GLOBAL REAL EST	333,598	$2,642	0.2%	$7.92	—	COM	12504G100
EWC	ISHARES	89,200	$2,601	0.2%	$26.15	—	MSCI CDA ETF	464286509
—	ELLSWORTH FUND LTD	311,537	$2,551	0.2%	$7.77	—	COM	289074106
—	LATIN AMERN DISCOVERY FD INC	185,562	$2,423	0.2%	$13.49	—	COM	51828C106
—	MACQUARIE GLBL INFRA TOTL RE	107,773	$2,382	0.2%	$20.43	—	COM	55608D101
—	ASIA PAC FD INC	220,235	$2,315	0.2%	$10.10	—	COM	044901106
—	JPMORGAN CHINA REGION FD INC	149,074	$2,259	0.2%	$15.15	—	COM	48126T104
—	VIRTUS GLOBAL MULTI-SEC INC	131,796	$2,230	0.2%	$17.27	—	COM	92829B101
—	MFS GOVT MKTS INCOME TR	385,659	$2,210	0.2%	$5.69	—	SH BEN INT	552939100
—	ROYCE VALUE TR INC	136,091	$2,179	0.2%	$15.16	—	COM	780910105
—	BANCROFT FUND LTD	116,322	$2,164	0.2%	$17.39	—	COM	059695106
—	MORGAN STANLEY EM MKTS DM DE	162,584	$2,117	0.2%	$13.73	—	COM	617477104
—	ZWEIG TOTAL RETURN FD INC	123,195	$1,717	0.1%	$12.86	—	COM NEW	989837208
—	NUVEEN GBL INCOME OPPORTUN F	144,861	$1,650	0.1%	$11.79	—	COM	67073C104
—	CLOUGH GLOBAL ALLOCATION FD	100,760	$1,550	0.1%	$15.15	—	COM	18913Y103
—	NEUBERGER BERMAN RE ES SEC F	350,771	$1,522	0.1%	$4.34	—	COM	64190A103
—	BLACKROCK ECOSOLUTIONS INVT	181,730	$1,428	0.1%	$7.84	—	COM SH	092546100
—	ABERDEEN GTR CHINA FD INC	132,918	$1,354	0.1%	$10.19	—	COM	003031101
EEM	ISHARES	32,000	$1,337	0.1%	$41.78	—	MSCI EMG MKT ETF	464287234
—	ROYCE MICRO-CAP TR INC	104,811	$1,322	0.1%	$10.81	—	COM	780915104
—	GDL FUND	116,758	$1,287	0.1%	$11.44	—	COM SH BEN IT	361570104
—	LAZARD WORLD DIVID & INCOME	83,832	$1,215	0.1%	$13.12	—	COM	521076109
—	TURKISH INVT FD INC	74,449	$1,092	0.1%	$15.71	—	COM	900145103
—	ASIA TIGERS FD INC	77,495	$875	0.1%	$11.47	—	COM	04516T105
—	BLACKROCK REAL ASSET EQUITY	89,439	$779	0.1%	$8.71	—	COM	09254B109
—	ROYCE FOCUS TR	96,911	$738	0.1%	$7.45	—	COM	78080N108
—	GUGGENHEIM EQ WEIGHT ENHANC	36,115	$682	0.1%	$18.88	—	COM SH BEN INT	40167M106
—	MADISON STRTG SECTOR PREM FD	56,809	$679	0.1%	$11.67	—	COM	558268108
—	DWS GLOBAL HIGH INCOME FD	84,184	$674	0.1%	$8.05	—	COM	23338W104
—	MORGAN STANLEY EMER MKTS DEB	69,725	$665	0.1%	$9.84	—	COM	61744H105
—	TEMPLETON RUS AND EAST EUR F	40,400	$622	0.1%	$14.22	—	COM	88022F105
—	DUFF & PHELPS UTIL CORP BD T	60,089	$603	0.1%	$10.10	—	COM	26432K108
—	MORGAN STANLEY CHINA A SH FD	18,150	$432	0.0%	$22.10	—	COM	617468103
—	NUVEEN GBL VL OPPORTUNITIES	32,402	$427	0.0%	$13.18	—	COM	6706EH103
—	ROYCE GLOBAL VALUE TR INC	19,439	$173	0.0%	$8.90	—	COM	78081T104