Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
AGG	ISHARES TR	1,123,530	$126M	8.1%	$112.17	—	CORE US AGGBD ET	464287226
—	ISHARES	9,164,119	$115M	7.3%	$11.40	—	MSCI JAPAN ETF	464286848
—	ALPINE TOTAL DYNAMIC DIVID F	8,849,719	$67.52M	4.3%	$8.09	—	COM SH BEN INT N	021060207
IEF	ISHARES TR	558,140	$62.45M	4.0%	$111.04	—	7-10 Y TR BD ETF	464287440
EWA	ISHARES	2,974,957	$62.18M	4.0%	$23.72	—	MSCI AUST ETF	464286103
EWG	ISHARES	2,040,783	$53.61M	3.4%	$28.33	—	MSCI GERMANY ETF	464286806
—	BLACKROCK RES & COMM STRAT T	6,238,982	$50.85M	3.2%	$10.25	—	SHS	09257A108
—	BLACKROCK GLOBAL OPP EQTY TR	4,112,566	$50.38M	3.2%	$13.69	—	COM	092501105
EZU	ISHARES	1,355,930	$46.77M	3.0%	$37.86	—	MSCI EURZONE ETF	464286608
—	JAPAN SMALLER CAPTLZTN FD IN	4,301,690	$45.38M	2.9%	$9.04	—	COM	47109U104
—	SWISS HELVETIA FD INC	3,823,873	$40.88M	2.6%	$12.22	—	COM	870875101
—	WESTERN ASSET CLYM INFL OPP	3,531,887	$39.52M	2.5%	$11.69	—	COM	95766R104
—	COHEN & STEERS INFRASTRUCTUR	1,556,973	$33.54M	2.1%	$20.22	—	COM	19248A109
—	PUTNAM PREMIER INCOME TR	5,073,062	$24.81M	1.6%	$5.39	—	SH BEN INT	746853100
XFDEX	FIRST TR DYNAMIC EUROPE EQT	1,574,708	$24.75M	1.6%	$16.68	—	COM SHS	33740D107
—	WESTERN ASSET CLYM INFL SEC	1,952,140	$22.35M	1.4%	$11.57	—	COM SH BEN INT	95766Q106
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,514,092	$20.67M	1.3%	$7.09	—	COM	00306J109
—	CBRE CLARION GLOBAL REAL EST	2,429,232	$20.41M	1.3%	$8.11	—	COM	12504G100
—	VOYA EMERGING MKTS HIGH DIVI	2,451,630	$20.08M	1.3%	$8.90	—	COM	92912P108
—	MORGAN STANLEY ASIA PAC FD I	1,276,218	$19.25M	1.2%	$15.66	—	COM	61744U106
—	KOREA FD	514,504	$18.52M	1.2%	$34.48	—	COM NEW	500634209
EWL	ISHARES	601,651	$18.38M	1.2%	$30.50	—	MSCI SZ CAP ETF	464286749
—	NUVEEN QUALITY MUNCP INCOME	1,156,324	$17.43M	1.1%	$15.07	—	COM	67066V101
—	ABERDEEN ASIA PACIFIC INCOM	3,305,310	$16.92M	1.1%	$5.41	—	COM	003009107
—	TEMPLETON EMERGING MKTS FD I	1,332,811	$16.83M	1.1%	$14.79	—	COM	880191101
—	NEW GERMANY FD INC	1,119,082	$16.06M	1.0%	$17.43	—	COM	644465106
—	MORGAN STANLEY TRUSTS	825,923	$15.63M	1.0%	$17.21	—	INCOME SECS INC	61745P874
—	MFS MULTIMARKET INCOME TR	2,504,101	$15.25M	1.0%	$6.11	—	SH BEN INT	552737108
—	ALPINE GLOBAL PREMIER PPTYS	2,557,721	$14.2M	0.9%	$5.84	—	COM SBI	02083A103
—	LAZARD GLB TTL RET&INCM FD I	1,007,280	$14.07M	0.9%	$16.22	—	COM	52106W103
—	MACQUARIE GLBL INFRA TOTL RE	626,551	$13.66M	0.9%	$19.62	—	COM	55608D101
—	BLACKROCK INTL GRWTH & INC T	2,297,682	$13.63M	0.9%	$7.50	—	COM BENE INTER	092524107
—	WESTERN ASSET GLOBAL CP DEFI	756,787	$13.39M	0.9%	$17.99	—	COM	95790C107
—	ABERDEEN SINGAPORE FD INC	1,380,607	$12.94M	0.8%	$11.02	—	COM	003244100
—	CLOUGH GLOBAL OPPORTUNITIES	1,298,015	$12.55M	0.8%	$11.22	—	SH BEN INT	18914E106
—	MFS CHARTER INCOME TR	1,388,822	$12M	0.8%	$8.41	—	SH BEN INT	552727109
—	TEMPLETON DRAGON FD INC	678,519	$11.96M	0.8%	$25.08	—	COM	88018T101
—	BLACKROCK INCOME TR INC	1,840,300	$11.93M	0.8%	$6.53	—	COM	09247F100
—	EUROPEAN EQUITY FUND	1,393,787	$11.01M	0.7%	$7.35	—	COM	298768102
—	EATON VANCE MUN BD FD	804,664	$10.96M	0.7%	$12.63	—	COM	27827X101
—	EATON VANCE LTD DUR INCOME F	790,328	$10.84M	0.7%	$13.18	—	COM	27828H105
EWQ	ISHARES	443,812	$10.72M	0.7%	$24.45	—	MSCI FRANCE ETF	464286707
XEGFX	BLACKROCK ENHANCED GOVT FD I	738,635	$10.17M	0.6%	$14.10	—	COM	09255K108
—	TRI CONTL CORP	459,098	$9.816M	0.6%	$17.94	—	COM	895436103
—	MORGAN STANLEY EMER MKTS FD	642,953	$9.355M	0.6%	$14.30	—	COM	61744G107
—	ADAMS DIVERSIFIED EQUITY FD	674,545	$8.87M	0.6%	$12.19	—	COM	006212104
—	ABERDEEN LATIN AMER EQTY FD	415,861	$8.837M	0.6%	$29.27	—	COM	00306K106
—	LIBERTY ALL STAR EQUITY FD	1,695,210	$8.781M	0.6%	$5.29	—	SH BEN INT	530158104
—	NUVEEN AMT FREE QLTY MUN INC	557,458	$8.139M	0.5%	$14.60	—	COM	670657105
—	FIRST TRUST MORTGAGE INCM FD	562,785	$8.137M	0.5%	$15.54	—	COM SHS	33734E103
—	MORGAN STANLEY CHINA A SH FD	433,951	$8.115M	0.5%	$32.11	—	COM	617468103
—	DUFF & PHELPS UTIL CORP BD T	814,224	$7.955M	0.5%	$9.56	—	COM	26432K108
—	CLOUGH GLOBAL EQUITY FD	678,123	$7.717M	0.5%	$14.90	—	COM	18914C100
—	ABERDEEN AUSTRALIA EQTY FD I	1,295,684	$7.554M	0.5%	$5.49	—	COM	003011103
—	FRANKLIN LTD DURATION INC TR	619,355	$7.488M	0.5%	$11.37	—	COM	35472T101
—	GENERAL AMERN INVS INC	227,678	$7.434M	0.5%	$31.99	—	COM	368802104
—	LEGG MASON BW GLB INC OPP FD	540,807	$7.344M	0.5%	$17.17	—	COM	52469B100
—	ABERDEEN ISRAEL FUND INC	438,941	$7.247M	0.5%	$14.93	—	COM	00301L109
—	PUTNAM MASTER INTER INCOME T	1,569,047	$6.935M	0.4%	$4.97	—	SH BEN INT	746909100
—	WESTERN ASSET EMRG MKT INCM	594,344	$6.841M	0.4%	$10.80	—	COM	95766E103
—	HANCOCK JOHN INCOME SECS TR	452,583	$6.721M	0.4%	$13.97	—	COM	410123103
—	BLACKROCK CORE BD TR	463,434	$6.585M	0.4%	$13.20	—	SHS BEN INT	09249E101
—	THAI FD INC	777,936	$6.364M	0.4%	$20.53	—	COM	882904105
XXCHNXX	CHINA FD INC	380,254	$6.251M	0.4%	$19.80	—	COM	169373107
—	TAIWAN FD INC	345,072	$5.973M	0.4%	$16.02	—	COM	874036106
—	NUVEEN MULTI MKT INCOME FD	786,717	$5.902M	0.4%	$7.38	—	COM	67075J107
—	KOREA EQUITY FD INC	680,253	$5.828M	0.4%	$7.84	—	COM	50063B104
—	NEW IRELAND FUND INC	464,741	$5.688M	0.4%	$11.77	—	COM	645673104
—	CENTRAL EUR RUSS & TURK FD I	290,626	$5.58M	0.4%	$28.81	—	COM	153436100
XFEOX	FIRST TR/ABERDEEN EMERG OPT	360,107	$5.452M	0.3%	$15.77	—	COM	33731K102
—	ABERDEEN INDONESIA FD INC	764,870	$5.063M	0.3%	$10.85	—	COM	00305P106
—	WELLS FARGO GLOBAL DIVIDEND	854,644	$4.965M	0.3%	$6.03	—	WF GLOBAL OPPTY	94987C103
—	JPMORGAN CHINA REGION FD INC	276,764	$4.769M	0.3%	$16.19	—	COM	48126T104
—	NUVEEN GLOBAL HIGH INCOME FD	289,787	$4.55M	0.3%	$17.15	—	SHS	67075G103
—	BLACKROCK ENHANCED EQT DIV T	552,387	$4.358M	0.3%	$7.80	—	COM	09251A104
—	TEMPLETON GLOBAL INCOME FD	696,991	$4.349M	0.3%	$6.41	—	COM	880198106
—	ASIA PAC FD INC	363,947	$3.847M	0.2%	$10.15	—	COM	044901106
—	MFS INTER INCOME TR	847,466	$3.839M	0.2%	$4.58	—	SH BEN INT	55273C107
GOVT	ISHARES TR	143,300	$3.737M	0.2%	$25.06	—	CORE US TR BD	46429B267
—	MEXICO EQUITY & INCOME FD	345,102	$3.572M	0.2%	$14.47	—	COM	592834105
—	CENTRAL SECS CORP	166,050	$3.527M	0.2%	$20.53	—	COM	155123102
—	EATON VANCE SH TM DR DIVR IN	247,164	$3.389M	0.2%	$13.39	—	COM	27828V104
—	NEUBERGER BERMAN RE ES SEC F	516,355	$2.938M	0.2%	$4.54	—	COM	64190A103
—	SPROTT FOCUS TR INC	421,259	$2.907M	0.2%	$6.52	—	COM	85208J109
—	ROYCE VALUE TR INC	221,734	$2.807M	0.2%	$13.24	—	COM	780910105
—	FIRST TR ABERDEEN GLBL OPP F	238,090	$2.805M	0.2%	$10.87	—	COM SHS	337319107
—	ABERDEEN CHILE FD INC	440,502	$2.762M	0.2%	$6.41	—	COM	00301W105
—	ROYCE GLOBAL VALUE TR INC	287,403	$2.335M	0.1%	$7.32	—	COM	78081T104
—	MORGAN STANLEY EMER MKTS DEB	241,582	$2.331M	0.1%	$9.64	—	COM	61744H105
—	INVESCO SR INCOME TR	525,232	$2.274M	0.1%	$4.18	—	COM	46131H107
—	NUVEEN GLOBAL EQUITY INCOME	173,669	$2.074M	0.1%	$13.05	—	COM	6706EH103
—	ABERDEEN GTR CHINA FD INC	220,238	$2.002M	0.1%	$9.70	—	COM	003031101
—	LMP CAP & INCOME FD INC	146,121	$1.992M	0.1%	$12.22	—	COM	50208A102
—	ASIA TIGERS FD INC	195,392	$1.964M	0.1%	$10.22	—	COM	04516T105
—	ZWEIG FD	145,591	$1.885M	0.1%	$13.81	—	COM NEW	989834205
—	LATIN AMERN DISCOVERY FD INC	177,255	$1.785M	0.1%	$13.22	—	COM	51828C106
—	ALPINE GLOBAL DYNAMIC DIVD F	198,076	$1.723M	0.1%	$9.95	—	COM NEW	02082E205
—	VOYA ASIA PAC DIVID EQUITY I	174,909	$1.721M	0.1%	$9.05	—	COM	92912J102
—	ABERDEEN EMERGING MKTS SMALL	132,705	$1.677M	0.1%	$11.00	—	COM	00301T102
—	DELAWARE ENHANCED GBL DIV &	162,450	$1.644M	0.1%	$10.77	—	COM	246060107
—	NUVEEN DOW 30 DYN OVERWRITE	109,838	$1.584M	0.1%	$14.34	—	SHS	67075F105
—	GABELLI GLOBL UTIL & INCOME	71,821	$1.314M	0.1%	$18.53	—	COM SH BEN INT	36242L105
—	CLOUGH GLOBAL DIVND AND INC	106,464	$1.291M	0.1%	$14.87	—	COM	18913Y103
—	ALLIANZGI EQUITY & CONV INCO	57,278	$1.072M	0.1%	$19.91	—	COM	018829101
—	ADAM NAT RES FD INC	52,715	$1.051M	0.1%	$23.15	—	COM	00548F105
—	MADISON STRTG SECTOR PREM FD	80,719	$948K	0.1%	$11.88	—	COM	558268108
—	GDL FUND	86,278	$858K	0.1%	$10.86	—	COM SH BEN IT	361570104
—	DUFF & PHELPS GLB UTL INC FD	47,784	$816K	0.1%	$18.25	—	COM	26433C105
—	LIBERTY ALL-STAR GROWTH FD I	185,821	$801K	0.1%	$4.78	—	COM	529900102
—	ADVENT CLAY CONV SEC INC FD	135,990	$783K	0.1%	$6.14	—	COM	007639107
—	ROYCE MICRO-CAP TR INC	79,156	$618K	0.0%	$7.38	—	COM	780915104
—	FIRST TR DIVIDEND INCOME FD	66,458	$605K	0.0%	$8.60	—	COM	33731L100
—	BLACKROCK FLOATING RATE INCO	39,243	$531K	0.0%	$12.96	—	COM	091941104
—	VIRTUS GLOBAL DIVID INCOME F	38,209	$460K	0.0%	$12.04	—	COM	92835W107
—	ISHARES TR	26,990	$428K	0.0%	$18.95	—	MSCI UTD KNGDM	46434V548
—	GABELLI GLB SML & MD CP VAL	31,877	$345K	0.0%	$10.27	—	COM	36249W104
EFA	ISHARES TR	4,800	$284K	0.0%	$64.10	—	MSCI EAFE ETF	464287465