1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	10,344,432	$124,547	8.6%	$11.41	—	MSCI JAPAN ETF	464286848
VGK	VANGUARD INTL EQUITY INDEX F	1,172,000	$70,261	4.9%	$59.17	—	FTSE EUROPE ETF	922042874
EWA	ISHARES	2,635,746	$68,872	4.8%	$23.87	—	MSCI AUST ETF	464286103
—	ALLIANCEBERNSTEIN INCOME FUN	7,760,871	$58,362	4.0%	$7.35	—	COM	01881E101
—	SWISS HELVETIA FD INC	3,329,477	$48,510	3.4%	$12.36	—	COM	870875101
—	WESTERN ASSET CLYM INFL OPP	3,277,554	$40,347	2.8%	$11.73	—	COM	95766R104
EWQ	ISHARES	1,249,891	$36,434	2.5%	$24.47	—	MSCI FRANCE ETF	464286707
—	ISHARES	1,684,577	$35,174	2.4%	$20.20	—	MSCI UK ETF	464286699
—	BLACKROCK RES & COMM STRAT T	2,801,331	$34,765	2.4%	$11.58	—	SHS	09257A108
—	ALPINE TOTAL DYNAMIC DIVID F	3,847,168	$34,317	2.4%	$8.40	—	COM SH BEN INT N	021060207
—	BLACKROCK GLOBAL OPP EQTY TR	2,204,641	$33,180	2.3%	$14.60	—	COM	092501105
—	NEW GERMANY FD INC	1,740,730	$32,500	2.2%	$17.60	—	COM	644465106
—	MORGAN STANLEY ASIA PAC FD I	1,756,240	$29,347	2.0%	$15.68	—	COM	61744U106
—	MONTGOMERY STR INCOME SECS I	1,682,825	$28,070	1.9%	$15.89	—	COM	614115103
—	PUTNAM PREMIER INCOME TR	4,648,133	$25,797	1.8%	$5.42	—	SH BEN INT	746853100
—	JAPAN SMALLER CAPTLZTN FD IN	2,726,404	$25,767	1.8%	$8.67	—	COM	47109U104
EFA	ISHARES	333,600	$22,808	1.6%	$67.17	—	MSCI EAFE ETF	464287465
EWG	ISHARES	727,000	$22,741	1.6%	$31.35	—	MSCI GERMANY ETF	464286806
—	KOREA FD	493,693	$21,091	1.5%	$34.55	—	COM NEW	500634209
—	LAZARD GLB TTL RET&INCM FD I	1,111,483	$20,651	1.4%	$16.34	—	COM	52106W103
—	WESTERN ASSET CLYM INFL SEC	1,667,593	$20,395	1.4%	$11.73	—	COM SH BEN INT	95766Q106
—	COHEN & STEERS INFRASTRUCTUR	817,699	$20,025	1.4%	$20.52	—	COM	19248A109
—	BLACKROCK INCOME TR INC	2,941,348	$19,531	1.3%	$6.59	—	COM	09247F100
—	BLACKROCK CR ALLCTN INC TR	1,363,173	$18,744	1.3%	$13.05	—	COM	092508100
—	BLACKROCK INTL GRWTH & INC T	2,245,842	$18,506	1.3%	$7.69	—	COM BENE INTER	092524107
—	TRANSAMERICA INCOME SHS INC	823,637	$17,445	1.2%	$20.80	—	COM	893506105
—	TEMPLETON DRAGON FD INC	639,496	$16,531	1.1%	$25.10	—	COM	88018T101
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,223,742	$15,811	1.1%	$7.11	—	COM	00306J109
—	MORGAN STANLEY TRUSTS	862,429	$15,567	1.1%	$17.13	—	INCOME SECS INC	61745P874
—	BLACKROCK INCOME OPP TRUST I	1,415,148	$15,369	1.1%	$10.07	—	COM	092475102
—	BLACKROCK REAL ASSET EQUITY	1,583,423	$14,868	1.0%	$8.89	—	COM	09254B109
—	WESTERN ASSET GLOBAL CP DEFI	776,528	$14,513	1.0%	$18.18	—	COM	95790C107
—	TRI CONTL CORP	686,514	$14,403	1.0%	$17.91	—	COM	895436103
XEGFX	BLACKROCK ENHANCED GOVT FD I	892,443	$12,753	0.9%	$14.14	—	COM	09255K108
—	WESTERN ASSET INCOME FD	914,825	$12,707	0.9%	$13.22	—	COM	95766T100
—	CLOUGH GLOBAL EQUITY FD	731,545	$11,324	0.8%	$14.97	—	COM	18914C100
—	PUTNAM MASTER INTER INCOME T	2,197,524	$11,317	0.8%	$5.02	—	SH BEN INT	746909100
—	FORT DEARBORN INCOME SECS IN	733,790	$10,926	0.8%	$14.26	—	COM	347200107
—	EUROPEAN EQUITY FUND	1,197,756	$10,792	0.7%	$7.16	—	COM	298768102
—	ADAMS EXPRESS CO	772,295	$10,619	0.7%	$11.99	—	COM	006212104
AGG	ISHARES	96,650	$10,574	0.7%	$109.41	—	CORE TOTUSBD ETF	464287226
—	ABERDEEN LATIN AMER EQTY FD	346,933	$10,369	0.7%	$31.32	—	COM	00306K106
—	CUTWATER SELECT INCOME FD	494,226	$9,954	0.7%	$18.58	—	COM	232229104
—	GENERAL AMERN INVS INC	264,522	$9,740	0.7%	$32.07	—	COM	368802104
—	ABERDEEN ASIA PACIFIC INCOM	1,549,608	$9,732	0.7%	$6.08	—	COM	003009107
—	FIRST TRUST MORTGAGE INCM FD	608,468	$9,650	0.7%	$15.70	—	COM SHS	33734E103
—	ABERDEEN SINGAPORE FD INC	734,656	$9,595	0.7%	$12.77	—	COM	003244100
—	CLOUGH GLOBAL OPPORTUNITIES	735,007	$9,555	0.7%	$12.87	—	SH BEN INT	18914E106
—	LEGG MASON BW GLB INC OPP FD	507,792	$9,318	0.6%	$17.51	—	COM	52469B100
—	MORGAN STANLEY EMER MKTS FD	549,908	$8,821	0.6%	$14.40	—	COM	61744G107
—	CENTRAL EUR RUSS & TURK FD I	298,680	$8,748	0.6%	$29.85	—	COM	153436100
—	EATON VANCE TAX MNGD GBL DV	829,357	$8,600	0.6%	$9.29	—	COM	27829F108
—	LIBERTY ALL STAR EQUITY FD	1,429,269	$8,590	0.6%	$5.25	—	SH BEN INT	530158104
—	THAI FD INC	694,436	$7,792	0.5%	$21.55	—	COM	882904105
—	ABERDEEN ISRAEL FUND INC	396,710	$7,093	0.5%	$14.65	—	COM	00301L109
—	INVESCO BD FD	350,333	$6,719	0.5%	$18.19	—	COM	46132L107
—	ABERDEEN INDONESIA FD INC	698,238	$6,619	0.5%	$11.29	—	COM	00305P106
—	MFS INTERMARKET INCOME TRUST	756,820	$6,456	0.4%	$8.19	—	SH BEN INT	59318R103
—	NUVEEN BUILD AMER BD OPPTNY	298,067	$6,417	0.4%	$19.98	—	COM	67074Q102
—	BLACKROCK ENHANCED EQT DIV T	713,304	$5,985	0.4%	$7.81	—	COM	09251A104
—	BLACKROCK UTIL & INFRASTRCTU	281,108	$5,886	0.4%	$18.04	—	COM	09248D104
—	BLACKROCK ECOSOLUTIONS INVT	702,816	$5,805	0.4%	$8.07	—	COM SH	092546100
—	PETROLEUM & RES CORP	185,711	$5,790	0.4%	$25.84	—	COM	716549100
—	TAIWAN FD INC	267,674	$5,485	0.4%	$16.25	—	COM	874036106
—	NUVEEN DIVER CURRENCY OPPOR	485,578	$5,453	0.4%	$10.55	—	COM	67090N109
—	MFS CHARTER INCOME TR	583,441	$5,391	0.4%	$9.07	—	SH BEN INT	552727109
—	MFS MULTIMARKET INCOME TR	770,764	$5,126	0.4%	$6.61	—	SH BEN INT	552737108
—	BROOKFIELD GLOBL LISTED INFR	194,905	$4,884	0.3%	$21.92	—	COM SHS	11273Q109
—	NEW IRELAND FUND INC	350,126	$4,772	0.3%	$11.25	—	COM	645673104
—	MEXICO EQUITY & INCOME FD	290,639	$4,679	0.3%	$15.39	—	COM	592834105
—	ZWEIG FD	294,999	$4,617	0.3%	$13.74	—	COM NEW	989834205
—	CBRE CLARION GLOBAL REAL EST	502,724	$4,580	0.3%	$8.35	—	COM	12504G100
—	NUVEEN GBL INCOME OPPORTUN F	351,786	$4,485	0.3%	$12.34	—	COM	67073C104
—	KOREA EQUITY FD INC	463,629	$4,098	0.3%	$7.85	—	COM	50063B104
XXCHNXX	CHINA FD INC	187,791	$3,976	0.3%	$20.53	—	COM	169373107
—	INDIA FD INC	155,066	$3,936	0.3%	$19.17	—	COM	454089103
—	NEUBERGER BERMAN RE ES SEC F	723,898	$3,619	0.3%	$4.54	—	COM	64190A103
—	VIRTUS GLOBAL MULTI-SEC INC	200,043	$3,573	0.2%	$17.44	—	COM	92829B101
—	EATON VANCE RISK MNGD DIV EQ	308,861	$3,564	0.2%	$10.96	—	COM	27829G106
—	GABELLI DIVD & INCOME TR	148,215	$3,246	0.2%	$19.31	—	COM	36242H104
—	MORGAN STANLEY EASTN EUR FD	168,502	$3,132	0.2%	$17.03	—	COM	616988101
—	CENTRAL SECS CORP	125,432	$2,941	0.2%	$21.09	—	COM	155123102
—	MFS GOVT MKTS INCOME TR	487,070	$2,830	0.2%	$5.72	—	SH BEN INT	552939100
EWC	ISHARES	85,300	$2,748	0.2%	$26.15	—	MSCI CDA ETF	464286509
—	ELLSWORTH FUND LTD	305,537	$2,698	0.2%	$7.77	—	COM	289074106
—	ASIA PAC FD INC	241,596	$2,670	0.2%	$10.12	—	COM	044901106
—	MACQUARIE GLBL INFRA TOTL RE	103,468	$2,662	0.2%	$20.43	—	COM	55608D101
—	LATIN AMERN DISCOVERY FD INC	192,271	$2,648	0.2%	$13.47	—	COM	51828C106
—	JPMORGAN CHINA REGION FD INC	170,394	$2,587	0.2%	$15.04	—	COM	48126T104
—	TEMPLETON EMERGING MKTS FD I	136,280	$2,484	0.2%	$17.50	—	COM	880191101
—	WELLS FARGO ADVANTAGE MULTI	158,575	$2,363	0.2%	$14.10	—	COM SHS	94987D101
—	BANCROFT FUND LTD	115,022	$2,321	0.2%	$17.39	—	COM	059695106
—	NUVEEN GLOBAL EQUITY INCOME	154,396	$2,274	0.2%	$13.39	—	COM	6706EH103
—	ROYCE VALUE TR INC	131,847	$2,110	0.1%	$15.16	—	COM	780910105
XFEOX	FIRST TR/ABERDEEN EMERG OPT	99,991	$1,911	0.1%	$18.14	—	COM	33731K102
—	DUFF & PHELPS GLB UTL INC FD	83,405	$1,834	0.1%	$21.03	—	COM	26433C105
—	ZWEIG TOTAL RETURN FD INC	119,995	$1,727	0.1%	$12.86	—	COM NEW	989837208
—	MORGAN STANLEY EMER MKTS DEB	169,020	$1,717	0.1%	$9.94	—	COM	61744H105
—	TEMPLETON RUS AND EAST EUR F	110,364	$1,684	0.1%	$13.53	—	COM	88022F105
—	WESTERN ASSET EMRG MKT INCM	127,864	$1,653	0.1%	$12.49	—	COM	95766E103
—	ALLIANZGI EQUITY & CONV INCO	77,700	$1,570	0.1%	$19.91	—	COM	018829101
—	EATON VANCE TX MGD DIV EQ IN	133,287	$1,559	0.1%	$10.17	—	COM	27828N102
—	CLOUGH GLOBAL ALLOCATION FD	98,660	$1,529	0.1%	$15.15	—	COM	18913Y103
—	DWS GLOBAL HIGH INCOME FD	179,133	$1,507	0.1%	$8.19	—	COM	23338W104
—	ABERDEEN GTR CHINA FD INC	139,244	$1,455	0.1%	$10.16	—	COM	003031101
—	GDL FUND	116,758	$1,268	0.1%	$11.44	—	COM SH BEN IT	361570104
—	BLACKROCK BUILD AMER BD TR	53,449	$1,160	0.1%	$20.44	—	SHS	09248X100
—	MADISON STRTG SECTOR PREM FD	89,725	$1,148	0.1%	$11.86	—	COM	558268108
—	BLACKROCK CORE BD TR	81,346	$1,136	0.1%	$13.97	—	SHS BEN INT	09249E101
—	WESTERN ASSET INVT GRADE DEF	49,082	$1,044	0.1%	$21.27	—	COM	95790A101
—	ASIA TIGERS FD INC	80,253	$969	0.1%	$11.47	—	COM	04516T105
—	TORTOISE ENERGY INDEPENDENC	30,806	$866	0.1%	$26.57	—	COM	89148K101
—	ROYCE FOCUS TR	96,911	$829	0.1%	$7.45	—	COM	78080N108
—	AMERICAN INCOME FD INC	101,508	$789	0.1%	$7.77	—	COM	02672T109
—	DUFF & PHELPS UTIL CORP BD T	74,705	$783	0.1%	$10.17	—	COM	26432K108
—	ALPINE GLOBAL DYNAMIC DIVD F	72,446	$761	0.1%	$10.23	—	COM NEW	02082E205
—	GUGGENHEIM EQ WEIGHT ENHANC	36,115	$723	0.0%	$18.88	—	COM SH BEN INT	40167M106
—	VOYA EMERGING MKTS HIGH DIVI	51,167	$653	0.0%	$12.76	—	COM	92912P108
—	WELLS FARGO ADV GLB DIV OPP	67,006	$569	0.0%	$7.87	—	COM	94987C103
—	ROYCE MICRO-CAP TR INC	32,777	$414	0.0%	$10.81	—	COM	780915104
—	GABELLI GLOBL UTIL & INCOME	10,500	$219	0.0%	$20.01	—	COM SH BEN INT	36242L105
—	GABELLI GLB SML & MD CP VAL	14,822	$159	0.0%	$10.73	—	COM	36249W104
—	NUVEEN BUILD AMER BD FD	7,300	$150	0.0%	$20.55	—	COM	67074C103