Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	10,712,432	$137M	8.9%	$11.40	—	MSCI JAPAN ETF	464286848
VGK	VANGUARD INTL EQUITY INDEX F	1,407,800	$75.99M	4.9%	$58.34	—	FTSE EUROPE ETF	922042874
EWA	ISHARES	3,241,957	$68.18M	4.4%	$23.79	—	MSCI AUST ETF	464286103
—	BLACKROCK RES & COMM STRAT T	5,598,769	$51.06M	3.3%	$10.58	—	SHS	09257A108
EZU	ISHARES	1,301,380	$48.85M	3.2%	$38.02	—	MSCI EURZONE ETF	464286608
—	ALLIANCEBERNSTEIN INCOME FUN	6,390,242	$47.54M	3.1%	$7.36	—	COM	01881E101
EWG	ISHARES	1,632,900	$45.52M	2.9%	$29.57	—	MSCI GERMANY ETF	464286806
—	WESTERN ASSET CLYM INFL OPP	4,052,154	$45.34M	2.9%	$11.69	—	COM	95766R104
—	ALPINE TOTAL DYNAMIC DIVID F	5,226,988	$45.16M	2.9%	$8.45	—	COM SH BEN INT N	021060207
—	SWISS HELVETIA FD INC	3,625,953	$42.42M	2.7%	$12.30	—	COM	870875101
—	BLACKROCK GLOBAL OPP EQTY TR	2,994,415	$41.17M	2.7%	$14.29	—	COM	092501105
—	JAPAN SMALLER CAPTLZTN FD IN	3,517,367	$37.95M	2.5%	$8.83	—	COM	47109U104
—	MONTGOMERY STR INCOME SECS I	1,573,321	$25.79M	1.7%	$15.89	—	COM	614115103
—	PUTNAM PREMIER INCOME TR	4,929,507	$25.14M	1.6%	$5.42	—	SH BEN INT	746853100
—	ISHARES TR	1,327,660	$24.23M	1.6%	$19.17	—	MSCI UTD KNGDM	46434V548
—	BLACKROCK INCOME TR INC	3,801,655	$24.03M	1.6%	$6.54	—	COM	09247F100
—	WESTERN ASSET CLYM INFL SEC	1,819,830	$20.51M	1.3%	$11.71	—	COM SH BEN INT	95766Q106
—	MORGAN STANLEY ASIA PAC FD I	1,295,253	$20.28M	1.3%	$15.68	—	COM	61744U106
—	COHEN & STEERS INFRASTRUCTUR	963,429	$20.25M	1.3%	$20.72	—	COM	19248A109
—	KOREA FD	492,830	$19.99M	1.3%	$34.59	—	COM NEW	500634209
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,415,717	$19.95M	1.3%	$7.10	—	COM	00306J109
—	BLACKROCK CR ALLCTN INC TR	1,485,659	$18.82M	1.2%	$13.08	—	COM	092508100
EFA	ISHARES TR	294,893	$18.72M	1.2%	$66.29	—	MSCI EAFE ETF	464287465
—	TRANSAMERICA INCOME SHS INC	929,487	$18.49M	1.2%	$20.76	—	COM	893506105
EWQ	ISHARES	676,312	$17.4M	1.1%	$24.47	—	MSCI FRANCE ETF	464286707
—	BLACKROCK CORE BD TR	1,348,024	$17.08M	1.1%	$13.21	—	SHS BEN INT	09249E101
—	TEMPLETON DRAGON FD INC	686,105	$17.02M	1.1%	$25.08	—	COM	88018T101
—	MORGAN STANLEY TRUSTS	952,748	$16.4M	1.1%	$17.20	—	INCOME SECS INC	61745P874
—	NEW GERMANY FD INC	1,057,086	$15.94M	1.0%	$17.60	—	COM	644465106
—	TEMPLETON EMERGING MKTS FD I	1,056,210	$15.38M	1.0%	$15.79	—	COM	880191101
—	LAZARD GLB TTL RET&INCM FD I	985,021	$15.15M	1.0%	$16.33	—	COM	52106W103
—	BLACKROCK INTL GRWTH & INC T	2,073,382	$15.12M	1.0%	$7.69	—	COM BENE INTER	092524107
—	CBRE CLARION GLOBAL REAL EST	1,858,786	$14.8M	1.0%	$8.27	—	COM	12504G100
—	WESTERN ASSET GLOBAL CP DEFI	843,988	$14.47M	0.9%	$18.16	—	COM	95790C107
—	NUVEEN MUN ADVANTAGE FD INC	1,054,944	$13.71M	0.9%	$13.36	—	COM	67062H106
—	TRI CONTL CORP	621,768	$13.18M	0.9%	$17.94	—	COM	895436103
—	MORGAN STANLEY CHINA A SH FD	383,806	$13.02M	0.8%	$33.60	—	COM	617468103
—	WESTERN ASSET INCOME FD	984,745	$12.93M	0.8%	$13.23	—	COM	95766T100
XEGFX	BLACKROCK ENHANCED GOVT FD I	887,047	$12M	0.8%	$14.12	—	COM	09255K108
—	VOYA EMERGING MKTS HIGH DIVI	1,183,644	$11.66M	0.8%	$10.24	—	COM	92912P108
—	PUTNAM MASTER INTER INCOME T	2,431,980	$11.48M	0.7%	$5.02	—	SH BEN INT	746909100
—	ADAMS DIVERSIFIED EQUITY FD	791,547	$11.06M	0.7%	$12.15	—	COM	006212104
—	FORT DEARBORN INCOME SECS IN	799,205	$11.02M	0.7%	$14.27	—	COM	347200107
—	ABERDEEN ASIA PACIFIC INCOM	2,106,452	$10.45M	0.7%	$5.92	—	COM	003009107
—	CLOUGH GLOBAL EQUITY FD	692,772	$10.25M	0.7%	$14.97	—	COM	18914C100
—	EUROPEAN EQUITY FUND	1,193,012	$10.15M	0.7%	$7.25	—	COM	298768102
—	FIRST TRUST MORTGAGE INCM FD	709,943	$10.02M	0.6%	$15.61	—	COM SHS	33734E103
—	NUVEEN SELECT QUALITY MUN FD	756,286	$9.998M	0.6%	$13.67	—	COM	670973106
—	LIBERTY ALL STAR EQUITY FD	1,546,631	$8.893M	0.6%	$5.36	—	SH BEN INT	530158104
—	ABERDEEN SINGAPORE FD INC	790,004	$8.737M	0.6%	$12.66	—	COM	003244100
—	CLOUGH GLOBAL OPPORTUNITIES	719,676	$8.672M	0.6%	$12.85	—	SH BEN INT	18914E106
—	ABERDEEN LATIN AMER EQTY FD	413,174	$8.611M	0.6%	$29.62	—	COM	00306K106
—	GENERAL AMERN INVS INC	247,138	$8.603M	0.6%	$32.19	—	COM	368802104
—	MORGAN STANLEY EMER MKTS FD	573,560	$8.512M	0.6%	$14.42	—	COM	61744G107
—	NUVEEN MUN MKT OPPORTUNITY F	649,800	$8.382M	0.5%	$13.42	—	COM	67062W103
—	MFS MULTIMARKET INCOME TR	1,360,625	$8.259M	0.5%	$6.49	—	SH BEN INT	552737108
—	LEGG MASON BW GLB INC OPP FD	555,854	$7.91M	0.5%	$17.46	—	COM	52469B100
—	EATON VANCE MUN BD FD	634,669	$7.724M	0.5%	$12.51	—	COM	27827X101
—	ABERDEEN ISRAEL FUND INC	406,226	$7.71M	0.5%	$14.77	—	COM	00301L109
—	CUTWATER SELECT INCOME FD	409,746	$7.519M	0.5%	$18.67	—	COM	232229104
XXCHNXX	CHINA FD INC	350,774	$6.97M	0.5%	$20.19	—	COM	169373107
—	CENTRAL EUR RUSS & TURK FD I	310,766	$6.486M	0.4%	$29.25	—	COM	153436100
—	INVESCO BD FD	373,101	$6.484M	0.4%	$18.20	—	COM	46132L107
—	THAI FD INC	767,449	$6.362M	0.4%	$20.53	—	COM	882904105
—	NUVEEN BUILD AMER BD OPPTNY	301,522	$5.934M	0.4%	$19.98	—	COM	67074Q102
—	MFS CHARTER INCOME TR	658,775	$5.58M	0.4%	$9.03	—	SH BEN INT	552727109
—	NUVEEN MULTI MKT INCOME FD	757,287	$5.458M	0.4%	$7.41	—	COM	67075J107
—	BLACKROCK ENHANCED EQT DIV T	678,772	$5.417M	0.4%	$7.83	—	COM	09251A104
—	NEW IRELAND FUND INC	390,531	$5.37M	0.3%	$11.40	—	COM	645673104
—	HANCOCK JOHN INCOME SECS TR	363,861	$5.061M	0.3%	$14.07	—	COM	410123103
—	NUVEEN GLOBAL HIGH INCOME FD	300,952	$5.029M	0.3%	$17.24	—	SHS	67075G103
—	JPMORGAN CHINA REGION FD INC	264,183	$4.975M	0.3%	$16.25	—	COM	48126T104
—	ABERDEEN INDONESIA FD INC	695,382	$4.889M	0.3%	$11.29	—	COM	00305P106
—	TAIWAN FD INC	269,650	$4.797M	0.3%	$16.29	—	COM	874036106
—	ZWEIG FD	307,795	$4.525M	0.3%	$13.81	—	COM NEW	989834205
—	WESTERN ASSET EMRG MKT INCM	390,936	$4.195M	0.3%	$11.44	—	COM	95766E103
—	KOREA EQUITY FD INC	521,862	$4.164M	0.3%	$7.85	—	COM	50063B104
—	ALPINE GLOBAL PREMIER PPTYS	619,497	$4.008M	0.3%	$6.52	—	COM SBI	02083A103
—	MEXICO EQUITY & INCOME FD	315,870	$3.883M	0.3%	$15.03	—	COM	592834105
—	BLACKROCK UTIL & INFRASTRCTU	212,805	$3.862M	0.2%	$18.05	—	COM	09248D104
—	BLACKROCK MUNICIPL INC QLTY	281,274	$3.82M	0.2%	$13.97	—	COM	092479104
XFEOX	FIRST TR/ABERDEEN EMERG OPT	234,755	$3.73M	0.2%	$17.22	—	COM	33731K102
—	FRANKLIN LTD DURATION INC TR	308,506	$3.594M	0.2%	$11.76	—	COM	35472T101
—	DUFF & PHELPS GLB UTL INC FD	200,392	$3.551M	0.2%	$19.01	—	COM	26433C105
—	ALLIANZGI EQUITY & CONV INCO	168,800	$3.258M	0.2%	$19.91	—	COM	018829101
—	ADAM NAT RES FD INC	141,514	$3.16M	0.2%	$23.15	—	COM	00548F105
—	ASIA PAC FD INC	243,304	$3.114M	0.2%	$10.23	—	COM	044901106
—	NEUBERGER BERMAN RE ES SEC F	654,307	$3.101M	0.2%	$4.54	—	COM	64190A103
—	FIRST TR ABERDEEN GLBL OPP F	240,094	$2.622M	0.2%	$10.92	—	COM SHS	337319107
—	NUVEEN GLOBAL EQUITY INCOME	205,009	$2.561M	0.2%	$13.26	—	COM	6706EH103
—	ELLSWORTH GROWTH & INCOME FD	276,219	$2.439M	0.2%	$7.77	—	COM	289074106
—	CENTRAL SECS CORP	114,132	$2.434M	0.2%	$21.11	—	COM	155123102
—	ALPINE GLOBAL DYNAMIC DIVD F	239,512	$2.371M	0.2%	$9.95	—	COM NEW	02082E205
—	GDL FUND	231,919	$2.363M	0.2%	$10.86	—	COM SH BEN IT	361570104
—	BANCROFT FUND LTD	102,778	$2.177M	0.1%	$17.39	—	COM	059695106
—	EATON VANCE RISK MNGD DIV EQ	196,880	$2.128M	0.1%	$10.95	—	COM	27829G106
—	CLOUGH GLOBAL ALLOCATION FD	141,290	$2.083M	0.1%	$14.92	—	COM	18913Y103
—	MACQUARIE GLBL INFRA TOTL RE	87,678	$2.046M	0.1%	$20.49	—	COM	55608D101
—	LATIN AMERN DISCOVERY FD INC	196,371	$2.019M	0.1%	$13.22	—	COM	51828C106
—	DUFF & PHELPS UTIL CORP BD T	206,689	$1.937M	0.1%	$9.80	—	COM	26432K108
—	MORGAN STANLEY EMER MKTS DEB	212,520	$1.915M	0.1%	$9.87	—	COM	61744H105
—	WELLS FARGO ADVANTAGE MULTI	145,867	$1.847M	0.1%	$14.09	—	COM SHS	94987D101
—	DELAWARE ENHANCED GBL DIV &	161,927	$1.75M	0.1%	$11.28	—	COM	246060107
—	ABERDEEN GTR CHINA FD INC	156,532	$1.586M	0.1%	$10.16	—	COM	003031101
—	GABELLI GLOBL UTIL & INCOME	79,855	$1.451M	0.1%	$18.55	—	COM SH BEN INT	36242L105
—	ZWEIG TOTAL RETURN FD INC	107,295	$1.388M	0.1%	$12.86	—	COM NEW	989837208
—	ROYCE VALUE TR INC	97,396	$1.343M	0.1%	$15.16	—	COM	780910105
XMUIX	BLACKROCK MUNI INTER DR FD I	94,000	$1.278M	0.1%	$14.58	—	COM	09253X102
—	NUVEEN S&P 500 DYN OVERWRITE	93,345	$1.277M	0.1%	$13.79	—	COM	6706EW100
—	ABERDEEN CHILE FD INC	173,599	$1.236M	0.1%	$7.12	—	COM	00301W105
—	NUVEEN BUILD AMER BD FD	63,330	$1.225M	0.1%	$20.88	—	COM	67074C103
—	SPROTT FOCUS TR INC	170,159	$1.205M	0.1%	$7.19	—	COM	85208J109
—	MADISON STRTG SECTOR PREM FD	97,065	$1.136M	0.1%	$11.88	—	COM	558268108
EWC	ISHARES	37,264	$994K	0.1%	$26.23	—	MSCI CDA ETF	464286509
—	TEMPLETON RUS AND EAST EUR F	97,607	$981K	0.1%	$13.53	—	COM	88022F105
—	ASIA TIGERS FD INC	85,110	$941K	0.1%	$11.42	—	COM	04516T105
—	FIRST TR DIVIDEND INCOME FD	103,135	$874K	0.1%	$8.60	—	COM	33731L100
—	COHEN & STEERS QUALITY RLTY	78,300	$837K	0.1%	$12.19	—	COM	19247L106
—	LIBERTY ALL-STAR GROWTH FD I	154,548	$796K	0.1%	$5.21	—	COM	529900102
—	ADVENT CLAY CONV SEC INC FD	110,370	$707K	0.0%	$6.53	—	COM	007639107
—	SOURCE CAP INC	9,521	$693K	0.0%	$72.44	—	COM	836144105
—	ROYCE GLOBAL VALUE TR INC	48,470	$403K	0.0%	$8.29	—	COM	78081T104
—	WELLS FARGO ADV GLB DIV OPP	54,706	$379K	0.0%	$7.87	—	COM	94987C103
—	TORTOISE ENERGY INDEPENDENC	10,409	$191K	0.0%	$26.09	—	COM	89148K101
—	GABELLI GLB SML & MD CP VAL	14,820	$158K	0.0%	$10.73	—	COM	36249W104