Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	10,752,632	$135M	8.9%	$11.40	—	MSCI JAPAN ETF	464286848
VGK	VANGUARD INTL EQUITY INDEX F	1,442,300	$78.2M	5.2%	$58.34	—	FTSE EUROPE ETF	922042874
EWA	ISHARES	3,215,657	$73.51M	4.9%	$23.79	—	MSCI AUST ETF	464286103
—	ALLIANCEBERNSTEIN INCOME FUN	8,276,421	$63.89M	4.2%	$7.36	—	COM	01881E101
—	BLACKROCK RES & COMM STRAT T	5,019,214	$47.98M	3.2%	$10.75	—	SHS	09257A108
—	WESTERN ASSET CLYM INFL OPP	4,060,154	$46.04M	3.1%	$11.69	—	COM	95766R104
—	ALPINE TOTAL DYNAMIC DIVID F	4,869,970	$43.39M	2.9%	$8.44	—	COM SH BEN INT N	021060207
—	SWISS HELVETIA FD INC	3,573,149	$41.23M	2.7%	$12.31	—	COM	870875101
—	ISHARES TR	2,285,460	$41.16M	2.7%	$19.17	—	MSCI UTD KNGDM	46434V548
—	BLACKROCK GLOBAL OPP EQTY TR	2,816,278	$39.09M	2.6%	$14.32	—	COM	092501105
EWG	ISHARES	1,256,200	$37.48M	2.5%	$30.08	—	MSCI GERMANY ETF	464286806
—	JAPAN SMALLER CAPTLZTN FD IN	3,504,160	$34.83M	2.3%	$8.83	—	COM	47109U104
—	MONTGOMERY STR INCOME SECS I	1,577,021	$26.64M	1.8%	$15.89	—	COM	614115103
—	PUTNAM PREMIER INCOME TR	4,909,207	$25.87M	1.7%	$5.42	—	SH BEN INT	746853100
—	BLACKROCK INCOME TR INC	3,619,004	$23.23M	1.5%	$6.55	—	COM	09247F100
EZU	ISHARES	595,000	$22.95M	1.5%	$38.58	—	EMU ETF	464286608
EFA	ISHARES TR	354,750	$22.76M	1.5%	$66.29	—	MSCI EAFE ETF	464287465
—	WESTERN ASSET CLYM INFL SEC	1,786,430	$20.6M	1.4%	$11.72	—	COM SH BEN INT	95766Q106
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,482,341	$20.11M	1.3%	$7.10	—	COM	00306J109
—	KOREA FD	499,115	$20M	1.3%	$34.59	—	COM NEW	500634209
—	BLACKROCK CR ALLCTN INC TR	1,485,659	$20M	1.3%	$13.08	—	COM	092508100
—	MORGAN STANLEY ASIA PAC FD I	1,267,949	$19.99M	1.3%	$15.68	—	COM	61744U106
—	COHEN & STEERS INFRASTRUCTUR	871,982	$19.81M	1.3%	$20.69	—	COM	19248A109
—	TRANSAMERICA INCOME SHS INC	929,487	$18.94M	1.3%	$20.76	—	COM	893506105
—	BLACKROCK CORE BD TR	1,340,454	$18.52M	1.2%	$13.21	—	SHS BEN INT	09249E101
—	NEW GERMANY FD INC	1,152,285	$17.86M	1.2%	$17.60	—	COM	644465106
EWQ	ISHARES	681,712	$17.71M	1.2%	$24.47	—	MSCI FRANCE ETF	464286707
—	MORGAN STANLEY TRUSTS	952,748	$17.06M	1.1%	$17.20	—	INCOME SECS INC	61745P874
—	TEMPLETON DRAGON FD INC	657,069	$16.32M	1.1%	$25.09	—	COM	88018T101
—	LAZARD GLB TTL RET&INCM FD I	975,213	$15.74M	1.0%	$16.34	—	COM	52106W103
—	BLACKROCK INTL GRWTH & INC T	2,170,634	$15.39M	1.0%	$7.69	—	COM BENE INTER	092524107
—	WESTERN ASSET GLOBAL CP DEFI	841,288	$14.88M	1.0%	$18.16	—	COM	95790C107
—	TRI CONTL CORP	659,014	$14.29M	0.9%	$17.94	—	COM	895436103
—	WESTERN ASSET INCOME FD	984,745	$13.7M	0.9%	$13.23	—	COM	95766T100
—	TEMPLETON EMERGING MKTS FD I	817,040	$12.47M	0.8%	$16.14	—	COM	880191101
XEGFX	BLACKROCK ENHANCED GOVT FD I	887,047	$12.31M	0.8%	$14.12	—	COM	09255K108
—	PUTNAM MASTER INTER INCOME T	2,432,322	$11.92M	0.8%	$5.02	—	SH BEN INT	746909100
—	ADAMS EXPRESS CO	837,147	$11.69M	0.8%	$12.15	—	COM	006212104
—	FORT DEARBORN INCOME SECS IN	799,205	$11.48M	0.8%	$14.27	—	COM	347200107
—	CLOUGH GLOBAL EQUITY FD	711,845	$10.7M	0.7%	$14.97	—	COM	18914C100
—	FIRST TRUST MORTGAGE INCM FD	709,943	$10.54M	0.7%	$15.61	—	COM SHS	33734E103
—	EUROPEAN EQUITY FUND	1,196,224	$10.48M	0.7%	$7.25	—	COM	298768102
—	ABERDEEN ASIA PACIFIC INCOM	1,944,808	$10.46M	0.7%	$6.00	—	COM	003009107
—	LIBERTY ALL STAR EQUITY FD	1,637,331	$9.562M	0.6%	$5.36	—	SH BEN INT	530158104
—	CLOUGH GLOBAL OPPORTUNITIES	736,076	$9.172M	0.6%	$12.85	—	SH BEN INT	18914E106
—	GENERAL AMERN INVS INC	261,838	$9.159M	0.6%	$32.19	—	COM	368802104
—	LEGG MASON BW GLB INC OPP FD	552,426	$8.8M	0.6%	$17.46	—	COM	52469B100
—	VOYA EMERGING MKTS HIGH DIVI	869,920	$8.777M	0.6%	$10.37	—	COM	92912P108
—	ABERDEEN SINGAPORE FD INC	737,101	$8.373M	0.6%	$12.77	—	COM	003244100
—	CUTWATER SELECT INCOME FD	411,746	$8.239M	0.5%	$18.67	—	COM	232229104
—	MFS MULTIMARKET INCOME TR	1,295,864	$8.229M	0.5%	$6.52	—	SH BEN INT	552737108
—	MORGAN STANLEY EMER MKTS FD	552,954	$8.217M	0.5%	$14.40	—	COM	61744G107
—	NUVEEN MUN ADVANTAGE FD INC	596,619	$8.209M	0.5%	$13.64	—	COM	67062H106
—	CBRE CLARION GLOBAL REAL EST	877,237	$7.851M	0.5%	$8.62	—	COM	12504G100
—	NUVEEN SELECT QUALITY MUN FD	538,615	$7.589M	0.5%	$13.86	—	COM	670973106
—	ABERDEEN LATIN AMER EQTY FD	365,729	$7.417M	0.5%	$30.75	—	COM	00306K106
—	INVESCO BD FD	373,101	$6.977M	0.5%	$18.20	—	COM	46132L107
—	ABERDEEN ISRAEL FUND INC	394,904	$6.958M	0.5%	$14.65	—	COM	00301L109
—	NUVEEN MUN MKT OPPORTUNITY F	501,900	$6.876M	0.5%	$13.57	—	COM	67062W103
—	NUVEEN BUILD AMER BD OPPTNY	301,322	$6.545M	0.4%	$19.98	—	COM	67074Q102
—	THAI FD INC	750,035	$6.54M	0.4%	$20.81	—	COM	882904105
—	CENTRAL EUR RUSS & TURK FD I	297,798	$6.105M	0.4%	$29.62	—	COM	153436100
—	EATON VANCE MUN BD FD	469,469	$6.061M	0.4%	$12.63	—	COM	27827X101
—	BLACKROCK ENHANCED EQT DIV T	716,514	$5.883M	0.4%	$7.83	—	COM	09251A104
—	MFS CHARTER INCOME TR	628,775	$5.533M	0.4%	$9.06	—	SH BEN INT	552727109
—	ABERDEEN INDONESIA FD INC	691,138	$5.322M	0.4%	$11.29	—	COM	00305P106
—	NUVEEN GLOBAL HIGH INCOME FD	296,952	$5.069M	0.3%	$17.25	—	SHS	67075G103
—	NEW IRELAND FUND INC	386,264	$5.037M	0.3%	$11.38	—	COM	645673104
—	TAIWAN FD INC	262,674	$4.416M	0.3%	$16.25	—	COM	874036106
—	ZWEIG FD	284,599	$4.377M	0.3%	$13.74	—	COM NEW	989834205
—	MORGAN STANLEY CHINA A SH FD	124,142	$4.087M	0.3%	$32.92	—	COM	617468103
—	BLACKROCK MUNICIPL INC QLTY	281,274	$4.042M	0.3%	$13.97	—	COM	092479104
XXCHNXX	CHINA FD INC	205,922	$3.985M	0.3%	$20.41	—	COM	169373107
—	NEUBERGER BERMAN RE ES SEC F	694,998	$3.767M	0.3%	$4.54	—	COM	64190A103
—	BLACKROCK UTIL & INFRASTRCTU	190,378	$3.731M	0.2%	$18.04	—	COM	09248D104
—	MEXICO EQUITY & INCOME FD	300,264	$3.707M	0.2%	$15.17	—	COM	592834105
—	JPMORGAN CHINA REGION FD INC	204,800	$3.699M	0.2%	$15.50	—	COM	48126T104
—	KOREA EQUITY FD INC	482,229	$3.689M	0.2%	$7.84	—	COM	50063B104
—	ALLIANZGI EQUITY & CONV INCO	177,300	$3.512M	0.2%	$19.91	—	COM	018829101
—	ADAM NAT RES FD INC	149,914	$3.471M	0.2%	$23.15	—	COM	00548F105
XFEOX	FIRST TR/ABERDEEN EMERG OPT	199,520	$3.251M	0.2%	$17.45	—	COM	33731K102
—	NUVEEN MULTI MKT INCOME FD	407,618	$3.088M	0.2%	$7.59	—	COM	67075J107
—	ASIA PAC FD INC	246,904	$2.867M	0.2%	$10.23	—	COM	044901106
—	VIRTUS GLOBAL MULTI-SEC INC	169,058	$2.825M	0.2%	$17.39	—	COM	92829B101
—	WESTERN ASSET EMRG MKT INCM	244,136	$2.712M	0.2%	$11.86	—	COM	95766E103
—	HANCOCK JOHN INCOME SECS TR	186,119	$2.663M	0.2%	$14.22	—	COM	410123103
—	CENTRAL SECS CORP	120,532	$2.628M	0.2%	$21.11	—	COM	155123102
—	ELLSWORTH GROWTH & INCOME FD	293,137	$2.568M	0.2%	$7.77	—	COM	289074106
—	ALPINE GLOBAL DYNAMIC DIVD F	247,442	$2.551M	0.2%	$9.95	—	COM NEW	02082E205
—	NUVEEN GLOBAL EQUITY INCOME	196,723	$2.536M	0.2%	$13.29	—	COM	6706EH103
—	GDL FUND	245,091	$2.532M	0.2%	$10.86	—	COM SH BEN IT	361570104
—	EATON VANCE RISK MNGD DIV EQ	208,660	$2.258M	0.1%	$10.95	—	COM	27829G106
—	BANCROFT FUND LTD	107,822	$2.257M	0.1%	$17.39	—	COM	059695106
—	CLOUGH GLOBAL ALLOCATION FD	148,590	$2.236M	0.1%	$14.92	—	COM	18913Y103
—	MACQUARIE GLBL INFRA TOTL RE	85,940	$2.131M	0.1%	$20.43	—	COM	55608D101
—	MORGAN STANLEY EMER MKTS DEB	212,520	$1.97M	0.1%	$9.87	—	COM	61744H105
—	WELLS FARGO ADVANTAGE MULTI	144,425	$1.928M	0.1%	$14.09	—	COM SHS	94987D101
—	LATIN AMERN DISCOVERY FD INC	181,171	$1.797M	0.1%	$13.47	—	COM	51828C106
EWC	ISHARES	63,664	$1.73M	0.1%	$26.23	—	MSCI CDA ETF	464286509
—	DELAWARE ENHANCED GBL DIV &	145,101	$1.664M	0.1%	$11.33	—	COM	246060107
—	DUFF & PHELPS GLB UTL INC FD	78,387	$1.548M	0.1%	$21.03	—	COM	26433C105
—	ZWEIG TOTAL RETURN FD INC	112,295	$1.536M	0.1%	$12.86	—	COM NEW	989837208
—	NUVEEN BUILD AMER BD FD	70,105	$1.489M	0.1%	$20.88	—	COM	67074C103
—	DUFF & PHELPS UTIL CORP BD T	151,844	$1.484M	0.1%	$9.96	—	COM	26432K108
—	ROYCE VALUE TR INC	103,296	$1.479M	0.1%	$15.16	—	COM	780910105
—	ABERDEEN GTR CHINA FD INC	137,004	$1.407M	0.1%	$10.16	—	COM	003031101
XMUIX	BLACKROCK MUNI INTER DR FD I	94,000	$1.381M	0.1%	$14.58	—	COM	09253X102
—	DEUTSCHE GLOBAL HIGH INCOME	164,729	$1.38M	0.1%	$8.10	—	COM	25158V108
—	MFS INTERMARKET INCOME TRUST	148,800	$1.262M	0.1%	$8.19	—	SH BEN INT	59318R103
—	MADISON STRTG SECTOR PREM FD	99,798	$1.202M	0.1%	$11.88	—	COM	558268108
—	COHEN & STEERS QUALITY RLTY	82,900	$1.03M	0.1%	$12.19	—	COM	19247L106
—	TEMPLETON RUS AND EAST EUR F	104,152	$1.024M	0.1%	$13.53	—	COM	88022F105
—	ASIA TIGERS FD INC	75,010	$866K	0.1%	$11.47	—	COM	04516T105
—	FRANKLIN LTD DURATION INC TR	67,300	$819K	0.1%	$12.17	—	COM	35472T101
—	LIBERTY ALL-STAR GROWTH FD I	149,124	$778K	0.1%	$5.22	—	COM	529900102
—	SOURCE CAP INC	9,821	$720K	0.0%	$72.44	—	COM	836144105
—	SPROTT FOCUS TR INC	98,611	$716K	0.0%	$7.26	—	COM	85208J109
—	GABELLI GLOBL UTIL & INCOME	29,235	$542K	0.0%	$19.22	—	COM SH BEN INT	36242L105
—	NUVEEN S&P 500 DYN OVERWRITE	35,748	$499K	0.0%	$13.96	—	COM	6706EW100
—	ALPINE GLOBAL PREMIER PPTYS	63,223	$432K	0.0%	$7.00	—	COM SBI	02083A103
—	WELLS FARGO ADV GLB DIV OPP	54,706	$412K	0.0%	$7.87	—	COM	94987C103
—	ADVENT CLAY CONV SEC INC FD	44,376	$298K	0.0%	$6.72	—	COM	007639107
—	TORTOISE ENERGY INDEPENDENC	10,409	$209K	0.0%	$26.09	—	COM	89148K101
—	FIRST TR DIVIDEND INCOME FD	18,702	$166K	0.0%	$9.19	—	COM	33731L100
—	GABELLI GLB SML & MD CP VAL	14,820	$157K	0.0%	$10.73	—	COM	36249W104
—	ROYCE GLOBAL VALUE TR INC	3,400	$27,000	0.0%	$7.94	—	COM	78081T104