Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	10,527,332	$120M	8.1%	$11.40	—	MSCI JAPAN ETF	464286848
VGK	VANGUARD INTL EQUITY INDEX F	1,401,500	$68.93M	4.6%	$58.34	—	FTSE EUROPE ETF	922042874
EWA	ISHARES	3,204,657	$57.43M	3.9%	$23.79	—	MSCI AUST ETF	464286103
—	ALLIANCEBERNSTEIN INCOME FUN	6,890,602	$54.16M	3.6%	$7.40	—	COM	01881E101
—	ALPINE TOTAL DYNAMIC DIVID F	6,609,433	$49.57M	3.3%	$8.26	—	COM SH BEN INT N	021060207
EZU	ISHARES	1,321,880	$45.39M	3.0%	$37.96	—	MSCI EURZONE ETF	464286608
—	BLACKROCK GLOBAL OPP EQTY TR	3,742,724	$45.29M	3.0%	$13.85	—	COM	092501105
—	BLACKROCK RES & COMM STRAT T	6,111,210	$43.39M	2.9%	$10.29	—	SHS	09257A108
—	WESTERN ASSET CLYM INFL OPP	4,043,654	$42.05M	2.8%	$11.69	—	COM	95766R104
EWG	ISHARES	1,614,300	$39.94M	2.7%	$29.57	—	MSCI GERMANY ETF	464286806
—	SWISS HELVETIA FD INC	3,676,659	$39.93M	2.7%	$12.28	—	COM	870875101
—	JAPAN SMALLER CAPTLZTN FD IN	3,651,058	$37.13M	2.5%	$8.88	—	COM	47109U104
—	MONTGOMERY STR INCOME SECS I	1,549,221	$26.96M	1.8%	$15.89	—	COM	614115103
—	BLACKROCK INCOME TR INC	4,007,329	$25.29M	1.7%	$6.53	—	COM	09247F100
—	COHEN & STEERS INFRASTRUCTUR	1,324,228	$25.25M	1.7%	$20.27	—	COM	19248A109
—	PUTNAM PREMIER INCOME TR	5,006,107	$24.48M	1.6%	$5.41	—	SH BEN INT	746853100
—	WESTERN ASSET CLYM INFL SEC	2,059,980	$21.73M	1.5%	$11.58	—	COM SH BEN INT	95766Q106
—	TRANSAMERICA INCOME SHS INC	931,587	$20.18M	1.4%	$20.76	—	COM	893506105
—	BLACKROCK CR ALLCTN INC TR	1,550,059	$18.86M	1.3%	$13.04	—	COM	092508100
—	BLACKROCK CORE BD TR	1,409,224	$18.21M	1.2%	$13.20	—	SHS BEN INT	09249E101
—	MORGAN STANLEY TRUSTS	1,011,445	$17.58M	1.2%	$17.21	—	INCOME SECS INC	61745P874
—	KOREA FD	492,290	$17.49M	1.2%	$34.59	—	COM NEW	500634209
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,514,102	$17.25M	1.2%	$7.09	—	COM	00306J109
—	MORGAN STANLEY ASIA PAC FD I	1,296,363	$16.79M	1.1%	$15.68	—	COM	61744U106
—	CBRE CLARION GLOBAL REAL EST	2,161,598	$15.95M	1.1%	$8.15	—	COM	12504G100
—	NUVEEN MUN ADVANTAGE FD INC	1,192,644	$15.87M	1.1%	$13.35	—	COM	67062H106
EWL	ISHARES	502,662	$15.38M	1.0%	$30.59	—	MSCI SZ CAP ETF	464286749
—	NEW GERMANY FD INC	1,060,921	$15.29M	1.0%	$17.60	—	COM	644465106
—	NUVEEN SELECT QUALITY MUN FD	1,112,286	$14.87M	1.0%	$13.58	—	COM	670973106
—	TEMPLETON EMERGING MKTS FD I	1,326,391	$14.63M	1.0%	$14.82	—	COM	880191101
—	ISHARES TR	869,660	$14.25M	1.0%	$19.17	—	MSCI UTD KNGDM	46434V548
—	WESTERN ASSET GLOBAL CP DEFI	896,303	$14.19M	1.0%	$18.03	—	COM	95790C107
—	VOYA EMERGING MKTS HIGH DIVI	1,716,668	$13.24M	0.9%	$9.45	—	COM	92912P108
—	WESTERN ASSET INCOME FD	999,909	$13.19M	0.9%	$13.23	—	COM	95766T100
EWQ	ISHARES	545,012	$13.12M	0.9%	$24.47	—	MSCI FRANCE ETF	464286707
EFA	ISHARES TR	223,768	$12.83M	0.9%	$66.29	—	MSCI EAFE ETF	464287465
XEGFX	BLACKROCK ENHANCED GOVT FD I	930,763	$12.83M	0.9%	$14.11	—	COM	09255K108
—	TEMPLETON DRAGON FD INC	679,905	$12.7M	0.9%	$25.08	—	COM	88018T101
—	LAZARD GLB TTL RET&INCM FD I	990,676	$12.41M	0.8%	$16.33	—	COM	52106W103
—	BLACKROCK INTL GRWTH & INC T	2,035,582	$12.36M	0.8%	$7.69	—	COM BENE INTER	092524107
—	PUTNAM MASTER INTER INCOME T	2,678,751	$12.08M	0.8%	$4.97	—	SH BEN INT	746909100
—	TRI CONTL CORP	616,912	$12.03M	0.8%	$17.94	—	COM	895436103
—	FORT DEARBORN INCOME SECS IN	777,284	$10.96M	0.7%	$14.27	—	COM	347200107
—	ABERDEEN ASIA PACIFIC INCOM	2,407,452	$10.83M	0.7%	$5.74	—	COM	003009107
—	FIRST TRUST MORTGAGE INCM FD	751,803	$10.74M	0.7%	$15.54	—	COM SHS	33734E103
—	CLOUGH GLOBAL OPPORTUNITIES	950,181	$10.17M	0.7%	$12.33	—	SH BEN INT	18914E106
—	ADAMS DIVERSIFIED EQUITY FD	769,347	$9.809M	0.7%	$12.15	—	COM	006212104
—	EUROPEAN EQUITY FUND	1,254,640	$9.761M	0.7%	$7.28	—	COM	298768102
—	NUVEEN MUN MKT OPPORTUNITY F	733,250	$9.606M	0.6%	$13.38	—	COM	67062W103
—	MORGAN STANLEY CHINA A SH FD	405,606	$9.102M	0.6%	$33.00	—	COM	617468103
—	EATON VANCE MUN BD FD	701,069	$8.77M	0.6%	$12.51	—	COM	27827X101
—	CLOUGH GLOBAL EQUITY FD	691,872	$8.759M	0.6%	$14.97	—	COM	18914C100
—	ALPINE GLOBAL PREMIER PPTYS	1,532,517	$8.551M	0.6%	$5.96	—	COM SBI	02083A103
—	GENERAL AMERN INVS INC	271,836	$8.421M	0.6%	$32.08	—	COM	368802104
—	CUTWATER SELECT INCOME FD	416,151	$7.94M	0.5%	$18.68	—	COM	232229104
—	MFS MULTIMARKET INCOME TR	1,418,948	$7.932M	0.5%	$6.46	—	SH BEN INT	552737108
—	LIBERTY ALL STAR EQUITY FD	1,540,133	$7.824M	0.5%	$5.36	—	SH BEN INT	530158104
—	ABERDEEN SINGAPORE FD INC	858,552	$7.418M	0.5%	$12.34	—	COM	003244100
—	INVESCO BD FD	418,301	$7.375M	0.5%	$18.14	—	COM	46132L107
—	MORGAN STANLEY EMER MKTS FD	562,617	$7.111M	0.5%	$14.42	—	COM	61744G107
—	ABERDEEN ISRAEL FUND INC	407,280	$6.855M	0.5%	$14.77	—	COM	00301L109
—	LEGG MASON BW GLB INC OPP FD	577,690	$6.707M	0.4%	$17.24	—	COM	52469B100
—	ABERDEEN LATIN AMER EQTY FD	409,752	$6.63M	0.4%	$29.62	—	COM	00306K106
—	NUVEEN BUILD AMER BD OPPTNY	320,578	$6.226M	0.4%	$19.95	—	COM	67074Q102
XXCHNXX	CHINA FD INC	350,721	$5.58M	0.4%	$20.19	—	COM	169373107
—	THAI FD INC	767,742	$5.436M	0.4%	$20.53	—	COM	882904105
—	NEW IRELAND FUND INC	401,712	$5.403M	0.4%	$11.46	—	COM	645673104
—	NUVEEN MULTI MKT INCOME FD	768,387	$5.34M	0.4%	$7.41	—	COM	67075J107
—	MFS CHARTER INCOME TR	687,118	$5.325M	0.4%	$8.98	—	SH BEN INT	552727109
—	CENTRAL EUR RUSS & TURK FD I	294,817	$5.274M	0.4%	$29.25	—	COM	153436100
—	HANCOCK JOHN INCOME SECS TR	375,261	$5.231M	0.4%	$14.07	—	COM	410123103
—	BLACKROCK ENHANCED EQT DIV T	708,572	$5.102M	0.3%	$7.80	—	COM	09251A104
—	NUVEEN GLOBAL HIGH INCOME FD	311,252	$4.488M	0.3%	$17.15	—	SHS	67075G103
—	FRANKLIN LTD DURATION INC TR	392,677	$4.28M	0.3%	$11.58	—	COM	35472T101
—	WESTERN ASSET EMRG MKT INCM	440,936	$4.215M	0.3%	$11.22	—	COM	95766E103
—	TAIWAN FD INC	281,060	$4.067M	0.3%	$16.22	—	COM	874036106
—	KOREA EQUITY FD INC	542,579	$3.89M	0.3%	$7.83	—	COM	50063B104
—	ZWEIG FD	302,595	$3.882M	0.3%	$13.81	—	COM NEW	989834205
—	MACQUARIE GLBL INFRA TOTL RE	196,968	$3.796M	0.3%	$19.82	—	COM	55608D101
—	JPMORGAN CHINA REGION FD INC	264,683	$3.79M	0.3%	$16.25	—	COM	48126T104
—	ABERDEEN INDONESIA FD INC	715,193	$3.748M	0.3%	$11.13	—	COM	00305P106
—	BLACKROCK MUNICIPL INC QLTY	266,134	$3.673M	0.2%	$13.97	—	COM	092479104
—	MEXICO EQUITY & INCOME FD	327,904	$3.607M	0.2%	$14.88	—	COM	592834105
—	DUFF & PHELPS GLB UTL INC FD	231,892	$3.511M	0.2%	$18.49	—	COM	26433C105
—	BLACKROCK UTIL & INFRASTRCTU	209,405	$3.405M	0.2%	$18.05	—	COM	09248D104
XFEOX	FIRST TR/ABERDEEN EMERG OPT	257,921	$3.368M	0.2%	$16.84	—	COM	33731K102
—	ASIA PAC FD INC	306,673	$3.159M	0.2%	$10.24	—	COM	044901106
—	DUFF & PHELPS UTIL CORP BD T	322,889	$3.061M	0.2%	$9.69	—	COM	26432K108
—	NEUBERGER BERMAN RE ES SEC F	664,081	$3.061M	0.2%	$4.54	—	COM	64190A103
—	ALLIANZGI EQUITY & CONV INCO	166,000	$2.854M	0.2%	$19.91	—	COM	018829101
—	ADAM NAT RES FD INC	135,763	$2.465M	0.2%	$23.15	—	COM	00548F105
—	FIRST TR ABERDEEN GLBL OPP F	250,794	$2.428M	0.2%	$10.87	—	COM SHS	337319107
—	ABERDEEN AUSTRALIA EQTY FD I	434,633	$2.33M	0.2%	$5.36	—	COM	003011103
—	NUVEEN GLOBAL EQUITY INCOME	220,109	$2.243M	0.2%	$13.05	—	COM	6706EH103
—	GDL FUND	228,667	$2.241M	0.2%	$10.86	—	COM SH BEN IT	361570104
—	CENTRAL SECS CORP	111,332	$2.2M	0.1%	$21.11	—	COM	155123102
—	ELLSWORTH GROWTH & INCOME FD	272,767	$2.133M	0.1%	$7.77	—	COM	289074106
—	ABERDEEN CHILE FD INC	356,396	$2.131M	0.1%	$6.53	—	COM	00301W105
—	MORGAN STANLEY EMER MKTS DEB	249,645	$2.08M	0.1%	$9.64	—	COM	61744H105
—	ALPINE GLOBAL DYNAMIC DIVD F	235,776	$2.016M	0.1%	$9.95	—	COM NEW	02082E205
—	DELAWARE ENHANCED GBL DIV &	215,950	$2M	0.1%	$10.77	—	COM	246060107
—	CLOUGH GLOBAL ALLOCATION FD	145,190	$1.898M	0.1%	$14.87	—	COM	18913Y103
—	BANCROFT FUND LTD	100,473	$1.879M	0.1%	$17.39	—	COM	059695106
—	WELLS FARGO ADVANTAGE MULTI	151,867	$1.724M	0.1%	$13.98	—	COM SHS	94987D101
—	SPROTT FOCUS TR INC	291,593	$1.723M	0.1%	$6.65	—	COM	85208J109
—	ROYCE GLOBAL VALUE TR INC	235,856	$1.653M	0.1%	$7.27	—	COM	78081T104
—	EATON VANCE RISK MNGD DIV EQ	169,780	$1.63M	0.1%	$10.95	—	COM	27829G106
—	WELLS FARGO ADV GLB DIV OPP	267,135	$1.579M	0.1%	$6.31	—	COM	94987C103
—	LMP CAP & INCOME FD INC	126,902	$1.543M	0.1%	$12.16	—	COM	50208A102
—	LATIN AMERN DISCOVERY FD INC	195,019	$1.535M	0.1%	$13.22	—	COM	51828C106
—	ABERDEEN GTR CHINA FD INC	163,832	$1.395M	0.1%	$10.09	—	COM	003031101
XMUIX	BLACKROCK MUNI INTER DR FD I	99,600	$1.386M	0.1%	$14.54	—	COM	09253X102
—	GABELLI GLOBL UTIL & INCOME	79,809	$1.285M	0.1%	$18.55	—	COM SH BEN INT	36242L105
—	TEMPLETON RUS AND EAST EUR F	125,607	$1.222M	0.1%	$12.69	—	COM	88022F105
—	ZWEIG TOTAL RETURN FD INC	105,295	$1.202M	0.1%	$12.86	—	COM NEW	989837208
—	NUVEEN S&P 500 DYN OVERWRITE	94,559	$1.195M	0.1%	$13.77	—	COM	6706EW100
—	ROYCE VALUE TR INC	98,522	$1.133M	0.1%	$15.12	—	COM	780910105
—	MADISON STRTG SECTOR PREM FD	97,141	$1.036M	0.1%	$11.88	—	COM	558268108
—	FIRST TR DIVIDEND INCOME FD	117,032	$915K	0.1%	$8.51	—	COM	33731L100
—	ADVENT CLAY CONV SEC INC FD	168,666	$911K	0.1%	$6.14	—	COM	007639107
—	ASIA TIGERS FD INC	93,776	$858K	0.1%	$11.21	—	COM	04516T105
—	COHEN & STEERS QUALITY RLTY	75,200	$850K	0.1%	$12.19	—	COM	19247L106
—	LIBERTY ALL-STAR GROWTH FD I	149,348	$678K	0.0%	$5.21	—	COM	529900102
—	CUSHING RENAISSANCE FD	35,347	$514K	0.0%	$14.54	—	COM	231647108
—	GABELLI GLB SML & MD CP VAL	35,665	$354K	0.0%	$10.26	—	COM	36249W104
—	NUVEEN BUILD AMER BD FD	12,015	$236K	0.0%	$20.88	—	COM	67074C103
—	SOURCE CAP INC	2,056	$139K	0.0%	$72.44	—	COM	836144105
—	MFS GOVT MKTS INCOME TR	303	$2,000	0.0%	$6.60	—	SH BEN INT	552939100