Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ISHARES	10,849,532	$125M	8.5%	$11.40	—	MSCI JAPAN ETF	464286848
—	ALPINE TOTAL DYNAMIC DIVID F	8,729,405	$63.38M	4.3%	$8.10	—	COM SH BEN INT N	021060207
EWA	ISHARES	3,109,757	$60.48M	4.1%	$23.72	—	MSCI AUST ETF	464286103
EWG	ISHARES	2,107,283	$50.68M	3.5%	$28.33	—	MSCI GERMANY ETF	464286806
—	BLACKROCK GLOBAL OPP EQTY TR	4,039,902	$47.87M	3.3%	$13.71	—	COM	092501105
—	BLACKROCK RES & COMM STRAT T	6,120,483	$47.13M	3.2%	$10.29	—	SHS	09257A108
EZU	ISHARES	1,319,230	$42.57M	2.9%	$37.96	—	MSCI EURZONE ETF	464286608
—	JAPAN SMALLER CAPTLZTN FD IN	4,199,234	$41.07M	2.8%	$9.00	—	COM	47109U104
—	WESTERN ASSET CLYM INFL OPP	3,690,289	$41M	2.8%	$11.69	—	COM	95766R104
—	SWISS HELVETIA FD INC	3,817,501	$39.51M	2.7%	$12.22	—	COM	870875101
AGG	ISHARES TR	349,200	$39.33M	2.7%	$111.63	—	CORE US AGGBD ET	464287226
—	COHEN & STEERS INFRASTRUCTUR	1,529,874	$32.77M	2.2%	$20.19	—	COM	19248A109
IEF	ISHARES TR	284,150	$32.09M	2.2%	$110.22	—	7-10 Y TR BD ETF	464287440
XFDEX	FIRST TR DYNAMIC EUROPE EQT	1,532,280	$24.49M	1.7%	$16.71	—	COM SHS	33740D107
—	PUTNAM PREMIER INCOME TR	5,116,564	$24.05M	1.6%	$5.39	—	SH BEN INT	746853100
—	WESTERN ASSET CLYM INFL SEC	2,065,443	$23.71M	1.6%	$11.57	—	COM SH BEN INT	95766Q106
—	CBRE CLARION GLOBAL REAL EST	2,391,432	$19.68M	1.3%	$8.11	—	COM	12504G100
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,495,725	$19.14M	1.3%	$7.09	—	COM	00306J109
—	NUVEEN SELECT QUALITY MUN FD	1,230,396	$19.1M	1.3%	$13.68	—	COM	670973106
—	NUVEEN ENHANCED MUN CREDIT O	1,179,446	$18.78M	1.3%	$15.92	—	COM SH BEN INT	67070X101
—	VOYA EMERGING MKTS HIGH DIVI	2,449,093	$18M	1.2%	$8.90	—	COM	92912P108
—	ABERDEEN ASIA PACIFIC INCOM	3,451,640	$17.29M	1.2%	$5.41	—	COM	003009107
—	BLACKROCK INCOME TR INC	2,593,023	$17.19M	1.2%	$6.53	—	COM	09247F100
—	MORGAN STANLEY ASIA PAC FD I	1,231,194	$16.97M	1.2%	$15.68	—	COM	61744U106
EWL	ISHARES	565,351	$16.76M	1.1%	$30.50	—	MSCI SZ CAP ETF	464286749
—	KOREA FD	508,945	$16.45M	1.1%	$34.46	—	COM NEW	500634209
—	MORGAN STANLEY TRUSTS	890,185	$16.34M	1.1%	$17.21	—	INCOME SECS INC	61745P874
—	MFS MULTIMARKET INCOME TR	2,614,096	$15.81M	1.1%	$6.11	—	SH BEN INT	552737108
—	WESTERN ASSET GLOBAL CP DEFI	913,668	$15.57M	1.1%	$17.99	—	COM	95790C107
—	TEMPLETON EMERGING MKTS FD I	1,319,111	$15.03M	1.0%	$14.82	—	COM	880191101
—	NEW GERMANY FD INC	1,104,882	$14.67M	1.0%	$17.47	—	COM	644465106
—	ALPINE GLOBAL PREMIER PPTYS	2,485,921	$13.65M	0.9%	$5.85	—	COM SBI	02083A103
—	LAZARD GLB TTL RET&INCM FD I	1,009,980	$13.21M	0.9%	$16.22	—	COM	52106W103
—	MACQUARIE GLBL INFRA TOTL RE	609,401	$13.04M	0.9%	$19.56	—	COM	55608D101
—	ABERDEEN SINGAPORE FD INC	1,361,772	$12.31M	0.8%	$11.05	—	COM	003244100
—	BLACKROCK INTL GRWTH & INC T	2,139,282	$12.3M	0.8%	$7.62	—	COM BENE INTER	092524107
—	MFS CHARTER INCOME TR	1,450,840	$12.29M	0.8%	$8.41	—	SH BEN INT	552727109
—	CLOUGH GLOBAL OPPORTUNITIES	1,270,950	$11.86M	0.8%	$11.25	—	SH BEN INT	18914E106
—	TEMPLETON DRAGON FD INC	676,919	$11.73M	0.8%	$25.08	—	COM	88018T101
—	EATON VANCE MUN BD FD	821,510	$11.64M	0.8%	$12.63	—	COM	27827X101
—	EATON VANCE LTD DUR INCOME F	834,256	$11.21M	0.8%	$13.18	—	COM	27828H105
XEGFX	BLACKROCK ENHANCED GOVT FD I	782,956	$10.73M	0.7%	$14.10	—	COM	09255K108
—	NUVEEN MUN MKT OPPORTUNITY F	700,252	$10.56M	0.7%	$13.40	—	COM	67062W103
—	FIRST TRUST MORTGAGE INCM FD	715,708	$10.35M	0.7%	$15.54	—	COM SHS	33734E103
—	EUROPEAN EQUITY FUND	1,300,834	$10.08M	0.7%	$7.31	—	COM	298768102
—	TRI CONTL CORP	474,198	$9.74M	0.7%	$17.94	—	COM	895436103
EWQ	ISHARES	423,512	$9.686M	0.7%	$24.47	—	MSCI FRANCE ETF	464286707
—	BLACKROCK CORE BD TR	672,370	$9.393M	0.6%	$13.20	—	SHS BEN INT	09249E101
—	PUTNAM MASTER INTER INCOME T	2,076,131	$8.99M	0.6%	$4.97	—	SH BEN INT	746909100
EFA	ISHARES TR	156,398	$8.73M	0.6%	$64.10	—	MSCI EAFE ETF	464287465
—	ADAMS DIVERSIFIED EQUITY FD	670,192	$8.491M	0.6%	$12.19	—	COM	006212104
—	MORGAN STANLEY EMER MKTS FD	630,667	$8.375M	0.6%	$14.29	—	COM	61744G107
—	ABERDEEN LATIN AMER EQTY FD	404,344	$8.135M	0.6%	$29.50	—	COM	00306K106
—	MORGAN STANLEY CHINA A SH FD	433,757	$7.747M	0.5%	$32.11	—	COM	617468103
—	LEGG MASON BW GLB INC OPP FD	586,007	$7.595M	0.5%	$17.17	—	COM	52469B100
—	LIBERTY ALL STAR EQUITY FD	1,501,664	$7.538M	0.5%	$5.31	—	SH BEN INT	530158104
—	DUFF & PHELPS UTIL CORP BD T	774,266	$7.534M	0.5%	$9.55	—	COM	26432K108
—	FRANKLIN LTD DURATION INC TR	639,868	$7.422M	0.5%	$11.37	—	COM	35472T101
—	CLOUGH GLOBAL EQUITY FD	683,123	$7.316M	0.5%	$14.90	—	COM	18914C100
—	GENERAL AMERN INVS INC	232,378	$7.162M	0.5%	$31.99	—	COM	368802104
—	ABERDEEN ISRAEL FUND INC	422,386	$6.99M	0.5%	$14.87	—	COM	00301L109
—	WESTERN ASSET EMRG MKT INCM	630,544	$6.835M	0.5%	$10.80	—	COM	95766E103
—	ABERDEEN AUSTRALIA EQTY FD I	1,180,013	$6.655M	0.5%	$5.46	—	COM	003011103
—	HANCOCK JOHN INCOME SECS TR	454,313	$6.583M	0.4%	$13.97	—	COM	410123103
—	THAI FD INC	780,136	$6.171M	0.4%	$20.53	—	COM	882904105
—	NUVEEN MULTI MKT INCOME FD	794,472	$5.943M	0.4%	$7.38	—	COM	67075J107
—	NEW IRELAND FUND INC	461,441	$5.468M	0.4%	$11.77	—	COM	645673104
XFEOX	FIRST TR/ABERDEEN EMERG OPT	367,007	$5.402M	0.4%	$15.77	—	COM	33731K102
—	CENTRAL EUR RUSS & TURK FD I	292,126	$5.352M	0.4%	$28.81	—	COM	153436100
—	KOREA EQUITY FD INC	662,433	$5.207M	0.4%	$7.82	—	COM	50063B104
—	TAIWAN FD INC	334,432	$5.1M	0.3%	$15.98	—	COM	874036106
XXCHNXX	CHINA FD INC	340,790	$4.928M	0.3%	$20.19	—	COM	169373107
—	ABERDEEN INDONESIA FD INC	760,270	$4.691M	0.3%	$10.85	—	COM	00305P106
—	TEMPLETON GLOBAL INCOME FD	736,355	$4.683M	0.3%	$6.41	—	COM	880198106
—	BLACKROCK ENHANCED EQT DIV T	569,587	$4.488M	0.3%	$7.80	—	COM	09251A104
—	NUVEEN GLOBAL HIGH INCOME FD	303,487	$4.367M	0.3%	$17.15	—	SHS	67075G103
—	JPMORGAN CHINA REGION FD INC	279,964	$4.255M	0.3%	$16.19	—	COM	48126T104
—	MFS INTER INCOME TR	876,566	$4.067M	0.3%	$4.58	—	SH BEN INT	55273C107
GOVT	ISHARES TR	146,800	$3.852M	0.3%	$25.06	—	CORE US TR BD	46429B267
—	WELLS FARGO GLOBAL DIVIDEND	642,495	$3.836M	0.3%	$6.11	—	WF GLOBAL OPPTY	94987C103
—	MEXICO EQUITY & INCOME FD	349,302	$3.804M	0.3%	$14.47	—	COM	592834105
—	ASIA PAC FD INC	367,335	$3.583M	0.2%	$10.15	—	COM	044901106
—	EATON VANCE SH TM DR DIVR IN	260,364	$3.515M	0.2%	$13.39	—	COM	27828V104
—	CENTRAL SECS CORP	171,750	$3.373M	0.2%	$20.53	—	COM	155123102
MBB	ISHARES TR	27,036	$2.973M	0.2%	$109.52	—	MBS ETF	464288588
—	NEUBERGER BERMAN RE ES SEC F	513,055	$2.914M	0.2%	$4.54	—	COM	64190A103
—	FIRST TR ABERDEEN GLBL OPP F	246,090	$2.815M	0.2%	$10.87	—	COM SHS	337319107
—	SPROTT FOCUS TR INC	428,359	$2.75M	0.2%	$6.52	—	COM	85208J109
—	ABERDEEN CHILE FD INC	427,202	$2.67M	0.2%	$6.41	—	COM	00301W105
—	ROYCE VALUE TR INC	222,834	$2.623M	0.2%	$13.24	—	COM	780910105
—	MORGAN STANLEY EMER MKTS DEB	252,782	$2.341M	0.2%	$9.64	—	COM	61744H105
—	BLACKROCK CR ALLCTN INC TR	175,000	$2.279M	0.2%	$13.04	—	COM	092508100
—	INVESCO SR INCOME TR	541,632	$2.264M	0.2%	$4.18	—	COM	46131H107
—	CUTWATER SELECT INCOME FD	114,123	$2.263M	0.2%	$18.68	—	COM	232229104
—	ROYCE GLOBAL VALUE TR INC	286,203	$2.175M	0.1%	$7.32	—	COM	78081T104
—	NUVEEN GLOBAL EQUITY INCOME	172,169	$2.009M	0.1%	$13.05	—	COM	6706EH103
—	LMP CAP & INCOME FD INC	150,721	$1.979M	0.1%	$12.22	—	COM	50208A102
—	WELLS FARGO MULTI SECTOR INC	151,047	$1.911M	0.1%	$13.46	—	WF MLT SECTR INC	94987D101
—	ZWEIG FD	145,391	$1.83M	0.1%	$13.81	—	COM NEW	989834205
—	ALLIANZGI EQUITY & CONV INCO	98,015	$1.802M	0.1%	$19.91	—	COM	018829101
—	ALPINE GLOBAL DYNAMIC DIVD F	204,376	$1.729M	0.1%	$9.95	—	COM NEW	02082E205
—	ABERDEEN GTR CHINA FD INC	205,456	$1.721M	0.1%	$9.75	—	COM	003031101
—	ASIA TIGERS FD INC	177,961	$1.703M	0.1%	$10.24	—	COM	04516T105
—	GDL FUND	169,607	$1.684M	0.1%	$10.86	—	COM SH BEN IT	361570104
—	LATIN AMERN DISCOVERY FD INC	179,255	$1.656M	0.1%	$13.22	—	COM	51828C106
—	DELAWARE ENHANCED GBL DIV &	171,250	$1.649M	0.1%	$10.77	—	COM	246060107
—	ABERDEEN EMERGING MKTS SMALL	136,105	$1.641M	0.1%	$11.00	—	COM	00301T102
—	NUVEEN DOW 30 DYN OVERWRITE	110,943	$1.612M	0.1%	$14.34	—	SHS	67075F105
—	VOYA ASIA PAC DIVID EQUITY I	176,109	$1.559M	0.1%	$9.05	—	COM	92912J102
XMUIX	BLACKROCK MUNI INTER DR FD I	93,600	$1.426M	0.1%	$14.54	—	COM	09253X102
—	GABELLI GLOBL UTIL & INCOME	75,893	$1.411M	0.1%	$18.53	—	COM SH BEN INT	36242L105
—	CLOUGH GLOBAL ALLOCATION FD	111,555	$1.305M	0.1%	$14.87	—	COM	18913Y103
—	ADAM NAT RES FD INC	54,815	$1.102M	0.1%	$23.15	—	COM	00548F105
—	MADISON STRTG SECTOR PREM FD	80,319	$924K	0.1%	$11.88	—	COM	558268108
—	DUFF & PHELPS GLB UTL INC FD	50,084	$859K	0.1%	$18.25	—	COM	26433C105
—	ADVENT CLAY CONV SEC INC FD	142,612	$787K	0.1%	$6.14	—	COM	007639107
—	LIBERTY ALL-STAR GROWTH FD I	183,421	$750K	0.1%	$4.79	—	COM	529900102
—	ZWEIG TOTAL RETURN FD INC	57,002	$686K	0.0%	$12.83	—	COM NEW	989837208
—	CUSHING RENAISSANCE FD	37,228	$583K	0.0%	$14.49	—	COM	231647108
—	FIRST TR DIVIDEND INCOME FD	60,458	$544K	0.0%	$8.55	—	COM	33731L100
—	ROYCE MICRO-CAP TR INC	73,656	$541K	0.0%	$7.34	—	COM	780915104
—	BLACKROCK FLOATING RATE INCO	39,343	$510K	0.0%	$12.96	—	COM	091941104
—	EATON VANCE TX ADV GLBL DIV	29,760	$428K	0.0%	$14.38	—	COM	27828S101
—	ISHARES TR	26,990	$415K	0.0%	$18.95	—	MSCI UTD KNGDM	46434V548
—	GABELLI GLB SML & MD CP VAL	33,077	$343K	0.0%	$10.27	—	COM	36249W104
—	WESTERN ASSET INCOME FD	12,148	$172K	0.0%	$13.23	—	COM	95766T100