1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	9,614,332	$108,930	8.4%	$11.36	—	MSCI JAPAN ETF	464286848
EWA	ISHARES	2,455,746	$63,530	4.9%	$23.70	—	MSCI AUST ETF	464286103
VGK	VANGUARD INTL EQUITY INDEX F	910,500	$53,674	4.1%	$58.95	—	FTSE EUROPE ETF	922042874
—	SWISS HELVETIA FD INC	3,269,651	$47,018	3.6%	$12.32	—	COM	870875101
EWQ	ISHARES	1,488,500	$43,464	3.4%	$24.47	—	MSCI FRANCE ETF	464286707
—	MORGAN STANLEY ASIA PAC FD I	2,498,933	$42,182	3.3%	$15.68	—	COM	61744U106
—	NEW GERMANY FD INC	1,741,536	$33,890	2.6%	$17.60	—	COM	644465106
—	ISHARES	1,600,677	$32,958	2.5%	$20.16	—	MSCI UK ETF	464286699
—	ALLIANCEBERNSTEIN INCOME FUN	4,407,112	$32,348	2.5%	$7.22	—	COM	01881E101
—	BLACKROCK GLOBAL OPP EQTY TR	2,209,753	$32,329	2.5%	$14.60	—	COM	092501105
—	BLACKROCK RES & COMM STRAT T	2,781,292	$31,985	2.5%	$11.58	—	SHS	09257A108
—	ALPINE TOTAL DYNAMIC DIVID F	3,795,215	$31,842	2.5%	$8.39	—	COM SH BEN INT N	021060207
—	WESTERN ASSET CLYM INFL OPP	2,470,482	$28,732	2.2%	$11.54	—	COM	95766R104
—	MONTGOMERY STR INCOME SECS I	1,552,537	$24,980	1.9%	$15.82	—	COM	614115103
EWG	ISHARES	714,800	$22,409	1.7%	$31.35	—	MSCI GERMANY ETF	464286806
—	EATON VANCE TAX MNGD GBL DV	2,133,301	$21,546	1.7%	$9.29	—	COM	27829F108
—	JAPAN SMALLER CAPTLZTN FD IN	2,435,933	$21,339	1.6%	$8.57	—	COM	47109U104
—	LAZARD GLB TTL RET&INCM FD I	1,190,263	$20,722	1.6%	$16.34	—	COM	52106W103
—	KOREA FD	488,670	$19,601	1.5%	$34.47	—	COM NEW	500634209
—	PUTNAM PREMIER INCOME TR	3,395,733	$18,778	1.5%	$5.37	—	SH BEN INT	746853100
—	BLACKROCK CR ALLCTN INC TR	1,350,484	$18,259	1.4%	$13.05	—	COM	092508100
—	BLACKROCK INTL GRWTH & INC T	2,248,142	$18,120	1.4%	$7.69	—	COM BENE INTER	092524107
—	WESTERN ASSET CLYM INFL SEC	1,434,894	$16,760	1.3%	$11.65	—	COM SH BEN INT	95766Q106
—	COHEN & STEERS INFRASTRUCTUR	720,159	$15,901	1.2%	$19.98	—	COM	19248A109
—	TEMPLETON DRAGON FD INC	641,696	$15,715	1.2%	$25.10	—	COM	88018T101
EFA	ISHARES	229,940	$15,452	1.2%	$66.63	—	MSCI EAFE ETF	464287465
—	JAPAN EQUITY FD INC	2,255,448	$14,720	1.1%	$6.46	—	COM	471057109
—	BLACKROCK INCOME TR INC	2,194,649	$14,309	1.1%	$6.57	—	COM	09247F100
—	TRI CONTL CORP	701,814	$14,092	1.1%	$17.91	—	COM	895436103
—	BLACKROCK REAL ASSET EQUITY	1,569,056	$13,965	1.1%	$8.89	—	COM	09254B109
—	INDIA FD INC	582,448	$13,420	1.0%	$19.17	—	COM	454089103
—	TRANSAMERICA INCOME SHS INC	620,423	$12,904	1.0%	$20.68	—	COM	893506105
—	CLOUGH GLOBAL EQUITY FD	809,378	$12,481	1.0%	$14.97	—	COM	18914C100
—	MORGAN STANLEY TRUSTS	675,942	$11,856	0.9%	$16.88	—	INCOME SECS INC	61745P874
—	BLACKROCK INCOME OPP TRUST I	1,143,163	$11,809	0.9%	$9.88	—	COM	092475102
—	EUROPEAN EQUITY FUND	1,186,701	$10,752	0.8%	$7.16	—	COM	298768102
—	WESTERN ASSET GLOBAL CP DEFI	588,338	$10,702	0.8%	$18.01	—	COM	95790C107
—	ADAMS EXPRESS CO	789,095	$10,242	0.8%	$11.99	—	COM	006212104
XEGFX	BLACKROCK ENHANCED GOVT FD I	689,298	$9,685	0.7%	$14.10	—	COM	09255K108
—	ABERDEEN LATIN AMER EQTY FD	346,533	$9,627	0.7%	$31.32	—	COM	00306K106
—	GENERAL AMERN INVS INC	270,088	$9,515	0.7%	$32.07	—	COM	368802104
—	CLOUGH GLOBAL OPPORTUNITIES	744,061	$9,484	0.7%	$12.87	—	SH BEN INT	18914E106
—	WESTERN ASSET INCOME FD	704,776	$9,352	0.7%	$13.01	—	COM	95766T100
—	PUTNAM MASTER INTER INCOME T	1,794,523	$9,242	0.7%	$4.99	—	SH BEN INT	746909100
—	ABERDEEN SINGAPORE FD INC	732,830	$9,146	0.7%	$12.77	—	COM	003244100
—	MORGAN STANLEY EMER MKTS FD	544,005	$8,296	0.6%	$14.38	—	COM	61744G107
—	FORT DEARBORN INCOME SECS IN	572,138	$8,245	0.6%	$14.08	—	COM	347200107
—	CUTWATER SELECT INCOME FD	410,967	$7,981	0.6%	$18.27	—	COM	232229104
—	CENTRAL EUR RUSS & TURK FD I	303,577	$7,975	0.6%	$29.85	—	COM	153436100
—	NUVEEN DIVER CURRENCY OPPOR	754,847	$7,918	0.6%	$10.55	—	COM	67090N109
—	LIBERTY ALL STAR EQUITY FD	1,337,130	$7,862	0.6%	$5.20	—	SH BEN INT	530158104
—	THAI FD INC	697,136	$7,550	0.6%	$21.55	—	COM	882904105
—	FIRST TRUST MORTGAGE INCM FD	470,123	$7,400	0.6%	$15.66	—	COM SHS	33734E103
—	ABERDEEN ISRAEL FUND INC	398,285	$7,261	0.6%	$14.65	—	COM	00301L109
—	ABERDEEN ASIA PACIFIC INCOM	1,152,098	$7,039	0.5%	$6.01	—	COM	003009107
—	LEGG MASON BW GLB INC OPP FD	383,340	$6,731	0.5%	$17.24	—	COM	52469B100
—	ABERDEEN INDONESIA FD INC	699,638	$6,605	0.5%	$11.29	—	COM	00305P106
—	MFS INTERMARKET INCOME TRUST	658,012	$5,475	0.4%	$8.13	—	SH BEN INT	59318R103
—	BLACKROCK UTIL & INFRASTRCTU	286,740	$5,437	0.4%	$18.04	—	COM	09248D104
—	PETROLEUM & RES CORP	189,611	$5,294	0.4%	$25.84	—	COM	716549100
—	BLACKROCK ENHANCED EQT DIV T	650,645	$5,166	0.4%	$7.75	—	COM	09251A104
—	TAIWAN FD INC	272,274	$5,141	0.4%	$16.25	—	COM	874036106
—	NEW IRELAND FUND INC	336,840	$4,840	0.4%	$11.16	—	COM	645673104
—	NUVEEN BUILD AMER BD OPPTNY	233,755	$4,792	0.4%	$19.56	—	COM	67074Q102
—	INVESCO BD FD	259,504	$4,718	0.4%	$17.85	—	COM	46132L107
—	ZWEIG FD	301,199	$4,575	0.4%	$13.74	—	COM NEW	989834205
—	EATON VANCE TX MGD DIV EQ IN	396,000	$4,415	0.3%	$10.17	—	COM	27828N102
—	MEXICO EQUITY & INCOME FD	290,639	$4,217	0.3%	$15.39	—	COM	592834105
—	MFS CHARTER INCOME TR	455,762	$4,161	0.3%	$9.02	—	SH BEN INT	552727109
—	GABELLI DIVD & INCOME TR	189,324	$4,159	0.3%	$19.31	—	COM	36242H104
—	KOREA EQUITY FD INC	464,029	$3,819	0.3%	$7.85	—	COM	50063B104
—	MFS MULTIMARKET INCOME TR	579,421	$3,784	0.3%	$6.60	—	SH BEN INT	552737108
—	WELLS FARGO ADVANTAGE MULTI	259,592	$3,764	0.3%	$14.10	—	COM SHS	94987D101
—	BLACKROCK ECOSOLUTIONS INVT	464,084	$3,736	0.3%	$7.97	—	COM SH	092546100
—	EATON VANCE RISK MNGD DIV EQ	315,861	$3,569	0.3%	$10.96	—	COM	27829G106
—	BROOKFIELD GLOBL LISTED INFR	166,139	$3,552	0.3%	$21.38	—	COM SHS	11273Q109
—	NEUBERGER BERMAN RE ES SEC F	739,498	$3,490	0.3%	$4.54	—	COM	64190A103
XXCHNXX	CHINA FD INC	169,444	$3,373	0.3%	$20.46	—	COM	169373107
—	MORGAN STANLEY EASTN EUR FD	171,802	$3,092	0.2%	$17.03	—	COM	616988101
—	CENTRAL SECS CORP	128,332	$2,871	0.2%	$21.09	—	COM	155123102
—	ELLSWORTH FUND LTD	311,737	$2,681	0.2%	$7.77	—	COM	289074106
—	CBRE CLARION GLOBAL REAL EST	319,698	$2,669	0.2%	$7.92	—	COM	12504G100
EWC	ISHARES	88,300	$2,609	0.2%	$26.15	—	MSCI CDA ETF	464286509
—	MACQUARIE GLBL INFRA TOTL RE	106,637	$2,506	0.2%	$20.43	—	COM	55608D101
—	ASIA PAC FD INC	240,026	$2,479	0.2%	$10.12	—	COM	044901106
—	LATIN AMERN DISCOVERY FD INC	192,162	$2,477	0.2%	$13.47	—	COM	51828C106
—	JPMORGAN CHINA REGION FD INC	170,394	$2,426	0.2%	$15.04	—	COM	48126T104
—	VIRTUS GLOBAL MULTI-SEC INC	137,296	$2,320	0.2%	$17.25	—	COM	92829B101
—	TEMPLETON EMERGING MKTS FD I	136,280	$2,314	0.2%	$17.50	—	COM	880191101
—	MFS GOVT MKTS INCOME TR	398,108	$2,269	0.2%	$5.69	—	SH BEN INT	552939100
—	BANCROFT FUND LTD	115,022	$2,249	0.2%	$17.39	—	COM	059695106
—	ROYCE VALUE TR INC	134,891	$2,122	0.2%	$15.16	—	COM	780910105
—	ZWEIG TOTAL RETURN FD INC	123,195	$1,732	0.1%	$12.86	—	COM NEW	989837208
—	NUVEEN GBL INCOME OPPORTUN F	149,461	$1,729	0.1%	$11.79	—	COM	67073C104
—	NUVEEN GLOBAL EQUITY INCOME	128,851	$1,688	0.1%	$13.12	—	COM	6706EH103
XFEOX	FIRST TR/ABERDEEN EMERG OPT	89,491	$1,613	0.1%	$18.02	—	COM	33731K102
—	CLOUGH GLOBAL ALLOCATION FD	100,760	$1,530	0.1%	$15.15	—	COM	18913Y103
—	TEMPLETON RUS AND EAST EUR F	113,764	$1,497	0.1%	$13.53	—	COM	88022F105
—	ABERDEEN GTR CHINA FD INC	139,444	$1,348	0.1%	$10.16	—	COM	003031101
—	GDL FUND	116,758	$1,288	0.1%	$11.44	—	COM SH BEN IT	361570104
—	ROYCE MICRO-CAP TR INC	102,711	$1,257	0.1%	$10.81	—	COM	780915104
—	MORGAN STANLEY EMER MKTS DEB	126,225	$1,250	0.1%	$9.87	—	COM	61744H105
—	WESTERN ASSET EMRG MKT INCM	95,200	$1,175	0.1%	$12.34	—	COM	95766E103
—	MADISON STRTG SECTOR PREM FD	89,725	$1,093	0.1%	$11.86	—	COM	558268108
—	DWS GLOBAL HIGH INCOME FD	120,646	$981	0.1%	$8.08	—	COM	23338W104
—	BLACKROCK BUILD AMER BD TR	46,000	$931	0.1%	$20.24	—	SHS	09248X100
—	EATON VANCE TXMGD GL BUYWR O	76,112	$921	0.1%	$11.12	—	COM	27829C105
—	ASIA TIGERS FD INC	79,853	$910	0.1%	$11.47	—	COM	04516T105
—	ROYCE FOCUS TR	96,911	$771	0.1%	$7.45	—	COM	78080N108
—	DUFF & PHELPS GLB UTL INC FD	36,489	$722	0.1%	$19.79	—	COM	26433C105
—	GUGGENHEIM EQ WEIGHT ENHANC	36,115	$680	0.1%	$18.88	—	COM SH BEN INT	40167M106
—	WELLS FARGO ADV GLB DIV OPP	86,306	$679	0.1%	$7.87	—	COM	94987C103
—	DUFF & PHELPS UTIL CORP BD T	60,089	$621	0.0%	$10.10	—	COM	26432K108
—	ALLIANZGI EQUITY & CONV INCO	30,700	$597	0.0%	$19.45	—	COM	018829101
—	ING EMERGING MKTS HGH DIV EQ	36,367	$435	0.0%	$11.96	—	COM	45685X104
—	ALPINE GLOBAL DYNAMIC DIVD F	39,946	$400	0.0%	$10.01	—	COM NEW	02082E205
—	TORTOISE ENERGY INDEPENDENC	14,315	$355	0.0%	$24.80	—	COM	89148K101
—	GABELLI GLOBL UTIL & INCOME	9,200	$183	0.0%	$19.89	—	COM SH BEN INT	36242L105