Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	3,568,678	$217M	12.0%	$51.33	—	MSCI JPN ETF NEW	46434G822
AGG	ISHARES TR	960,725	$103M	5.7%	$111.83	—	CORE US AGGBD ET	464287226
EWA	ISHARES INC	3,960,102	$87.2M	4.8%	$23.21	—	MSCI AUST ETF	464286103
EZU	ISHARES INC	2,010,830	$87.17M	4.8%	$39.79	—	MSCI EURZONE ETF	464286608
EWG	ISHARES INC	2,423,676	$77.66M	4.3%	$29.31	—	MSCI GERMANY ETF	464286806
—	ALPINE TOTAL DYNAMIC DIVID F	8,056,119	$72.02M	4.0%	$8.09	—	COM SH BEN INT N	021060207
IEF	ISHARES TR	664,175	$68.54M	3.8%	$109.03	—	BARCLAYS 7 10 YR	464287440
EWQ	ISHARES INC	1,722,074	$54.07M	3.0%	$28.07	—	MSCI FRANCE ETF	464286707
—	JAPAN SMALLER CAPTLZTN FD IN	4,192,179	$51.52M	2.9%	$9.04	—	COM	47109U104
MBB	ISHARES TR	478,125	$50.03M	2.8%	$106.57	—	MBS ETF	464288588
—	BLACKROCK RES & COMM STRAT T	5,411,939	$48.06M	2.7%	$10.25	—	SHS	09257A108
—	BLACKROCK ENHANCED GBL DIV T	3,058,603	$35.39M	2.0%	$13.69	—	COM	092501105
—	SWISS HELVETIA FD INC	2,744,094	$33.62M	1.9%	$12.18	—	COM	870875101
VGK	VANGUARD INTL EQUITY INDEX F	526,308	$30.61M	1.7%	$58.66	—	FTSE EUROPE ETF	922042874
—	WESTERN ASSET CLYM INFL OPP	2,680,812	$30.35M	1.7%	$11.68	—	COM	95766R104
—	MORGAN STANLEY CHINA A SH FD	1,110,349	$27.65M	1.5%	$26.79	—	COM	617468103
—	ADAMS DIVERSIFIED EQUITY FD	1,640,864	$24.24M	1.3%	$13.37	—	COM	006212104
—	LIBERTY ALL STAR EQUITY FD	3,835,089	$23.51M	1.3%	$5.54	—	SH BEN INT	530158104
XJEQX	ABERDEEN JAPAN EQUITY FD INC	2,489,744	$22.81M	1.3%	$7.11	—	COM	00306J109
—	BLACKROCK ENHANCED INTL DIV	3,742,007	$22.79M	1.3%	$6.66	—	COM BENE INTER	092524107
SPY	SPDR S&P 500 ETF TR	81,765	$21.52M	1.2%	$252.12	—	TR UNIT	78462F103
—	MORGAN STANLEY ASIA PAC FD I	1,180,294	$21.49M	1.2%	$15.66	—	COM	61744U106
—	TEMPLETON EMERGING MKTS FD I	1,306,599	$21.27M	1.2%	$14.79	—	COM	880191101
—	NEW GERMANY FD INC	1,066,032	$20.82M	1.2%	$17.38	—	COM	644465106
—	WESTERN ASSET CLYM INFL SEC	1,650,374	$19.03M	1.1%	$11.57	—	COM SH BEN INT	95766Q106
—	KOREA FD	460,099	$18.78M	1.0%	$34.89	—	COM NEW	500634209
—	ABERDEEN SINGAPORE FD INC	1,407,849	$18.67M	1.0%	$11.04	—	COM	003244100
—	MFS INTER INCOME TR	4,380,129	$17.21M	1.0%	$4.23	—	SH BEN INT	55273C107
EWL	ISHARES INC	490,951	$16.87M	0.9%	$30.50	—	MSCI SWITZERLAND	464286749
—	VOYA EMERGING MKTS HIGH DIVI	1,687,557	$16.2M	0.9%	$8.90	—	COM	92912P108
—	CBRE CLARION GLOBAL REAL EST	2,214,957	$16.19M	0.9%	$8.11	—	COM	12504G100
—	MORGAN STANLEY EMER MKTS FD	818,435	$15.08M	0.8%	$15.16	—	COM	61744G107
—	TEMPLETON DRAGON FD INC	655,479	$14.58M	0.8%	$25.08	—	COM	88018T101
—	GENERAL AMERN INVS INC	429,888	$14.39M	0.8%	$33.06	—	COM	368802104
—	ALPINE GLOBAL PREMIER PPTYS	2,152,896	$13.43M	0.7%	$5.84	—	COM SBI	02083A103
—	EUROPEAN EQUITY FUND	1,375,132	$13.3M	0.7%	$7.36	—	COM	298768102
—	EATON VANCE LTD DUR INCOME F	971,817	$12.65M	0.7%	$13.31	—	COM	27828H105
—	MORGAN STANLEY TRUSTS	630,820	$11.88M	0.7%	$17.21	—	INCOME SECS INC	61745P874
—	MACQUARIE GLBL INFRA TOTL RE	524,579	$11.65M	0.6%	$19.62	—	COM	55608D101
—	LAZARD GLB TTL RET&INCM FD I	643,516	$11.47M	0.6%	$16.22	—	COM	52106W103
—	ABERDEEN LATIN AMER EQTY FD	404,008	$11.06M	0.6%	$29.27	—	COM	00306K106
—	BLACKROCK INCOME TR INC	1,689,035	$9.915M	0.6%	$6.49	—	COM	09247F100
—	BLACKROCK ENH CAP & INC FD I	624,120	$9.83M	0.5%	$14.36	—	COM	09256A109
XXCHNXX	CHINA FD INC	433,776	$9.604M	0.5%	$19.28	—	COM	169373107
—	DUFF & PHELPS UTIL CORP BD T	1,106,727	$9.496M	0.5%	$9.45	—	COM	26432K108
XEGFX	BLACKROCK ENHANCED GOVT FD I	710,139	$9.253M	0.5%	$13.86	—	COM	09255K108
—	EATON VANCE MUN BD FD	780,063	$9.22M	0.5%	$12.62	—	COM	27827X101
—	MFS CHARTER INCOME TR	1,134,201	$9.21M	0.5%	$8.41	—	SH BEN INT	552727109
—	ABERDEEN ISRAEL FUND INC	442,131	$8.613M	0.5%	$15.06	—	COM	00301L109
—	THE CENTRAL AND EASTERN EU I	314,119	$8.051M	0.4%	$27.84	—	COM	153436100
—	TAIWAN FD INC	368,175	$7.787M	0.4%	$16.50	—	COM	874036106
—	TRI CONTL CORP	292,161	$7.687M	0.4%	$19.36	—	COM	895436103
—	SPROTT FOCUS TR INC	946,107	$7.37M	0.4%	$7.10	—	COM	85208J109
—	FIRST TRUST MORTGAGE INCM FD	527,701	$7.361M	0.4%	$15.48	—	COM SHS	33734E103
—	CENTRAL SECS CORP	276,001	$7.358M	0.4%	$22.50	—	COM	155123102
—	NUVEEN AMT FREE QLTY MUN INC	553,658	$7.198M	0.4%	$14.54	—	COM	670657105
—	MFS MULTIMARKET INCOME TR	1,213,572	$7.002M	0.4%	$6.11	—	SH BEN INT	552737108
—	BRANDYWINEGBL GLBAL INM OPRT	513,739	$6.622M	0.4%	$12.89	—	COM	10537L104
XFDEX	FIRST TR DYNAMIC EUROPE EQT	354,227	$6.369M	0.4%	$16.50	—	COM SHS	33740D107
—	WESTERN ASSET PREMIER BD FD	486,745	$6.294M	0.3%	$13.24	—	SHS BEN INT	957664105
—	BLACKROCK ENHANCED EQT DIV T	707,076	$6.173M	0.3%	$8.26	—	COM	09251A104
—	ABERDEEN AUSTRALIA EQTY FD I	994,340	$6.006M	0.3%	$5.50	—	COM	003011103
—	HANCOCK JOHN INCOME SECS TR	423,096	$5.983M	0.3%	$13.98	—	COM	410123103
—	WESTERN ASSET EMRG MKT DEBT	406,880	$5.912M	0.3%	$14.75	—	COM	95766A101
—	NUVEEN QUALITY MUNCP INCOME	431,524	$5.67M	0.3%	$15.01	—	COM	67066V101
—	ASIA PAC FD INC	368,081	$5.448M	0.3%	$10.28	—	COM	044901106
—	NUVEEN MULTI MKT INCOME FD	702,389	$5.064M	0.3%	$7.38	—	COM	67075J107
—	CLOUGH GLOBAL OPPORTUNITIES	400,881	$4.289M	0.2%	$11.22	—	SH BEN INT	18914E106
—	ABERDEEN EMERGING MKTS SMALL	281,250	$4.164M	0.2%	$11.95	—	COM	00301T102
—	TEMPLETON GLOBAL INCOME FD	628,309	$4.015M	0.2%	$6.41	—	COM	880198106
—	ABERDEEN CHILE FD INC	437,122	$3.949M	0.2%	$6.49	—	COM	00301W105
—	PRUDENTIAL SHT DURATION HG Y	279,319	$3.947M	0.2%	$14.47	—	COM	74442F107
—	GABELLI EQUITY TR INC	633,105	$3.875M	0.2%	$6.12	—	COM	362397101
—	WESTERN ASSET GLOBAL CP DEFI	230,019	$3.848M	0.2%	$17.99	—	COM	95790C107
—	NEW IRELAND FUND INC	313,838	$3.782M	0.2%	$12.01	—	COM	645673104
—	WELLS FARGO GLOBAL DIVIDEND	645,514	$3.673M	0.2%	$5.95	—	COM	94987C103
XMUIX	BLACKROCK MUNI INTER DR FD I	272,004	$3.566M	0.2%	$13.41	—	COM	09253X102
XFEOX	FIRST TR/ABERDEEN EMERG OPT	211,801	$3.368M	0.2%	$15.77	—	COM	33731K102
—	MFS GOVT MKTS INCOME TR	711,151	$3.293M	0.2%	$4.77	—	SH BEN INT	552939100
—	EATON VANCE MUNI INCOME TRUS	277,100	$3.245M	0.2%	$12.18	—	SH BEN INT	27826U108
—	ALLIANCEBERNSTEIN NATL MUNI	254,200	$3.18M	0.2%	$13.11	—	COM	01864U106
—	ASIA TIGERS FD INC	248,123	$3.121M	0.2%	$10.82	—	COM	04516T105
—	DEUTSCHE MULTI-MKT INCOME TR	346,542	$3.043M	0.2%	$8.55	—	SHS	25160E102
—	PRUDENTIAL GLB SHT DUR HG YL	217,400	$3.018M	0.2%	$13.88	—	COM	74433A109
—	MEXICO EQUITY & INCOME FD	265,213	$2.907M	0.2%	$14.47	—	COM	592834105
—	MEXICO FD INC	173,320	$2.81M	0.2%	$16.67	—	COM	592835102
—	WESTERN ASSET HIGH INCM FD I	394,000	$2.585M	0.1%	$6.56	—	COM	95766J102
—	ROYCE GLOBAL VALUE TR INC	224,976	$2.468M	0.1%	$7.32	—	COM	78081T104
—	LATIN AMERN DISCOVERY FD INC	192,911	$2.365M	0.1%	$12.94	—	COM	51828C106
—	ABERDEEN GTR CHINA FD INC	166,496	$2.244M	0.1%	$9.71	—	COM	003031101
—	HANCOCK JOHN INVS TR	134,664	$2.238M	0.1%	$16.96	—	COM	410142103
—	VOYA ASIA PAC DIVID EQUITY I	195,059	$2.093M	0.1%	$9.25	—	COM	92912J102
—	ABERDEEN INDONESIA FD INC	282,963	$2.063M	0.1%	$10.85	—	COM	00305P106
XLK	SELECT SECTOR SPDR TR	29,845	$1.952M	0.1%	$64.30	—	TECHNOLOGY	81369Y803
—	ADAM NAT RES FD INC	102,263	$1.862M	0.1%	$21.03	—	COM	00548F105
—	ROYCE MICRO-CAP TR INC	174,919	$1.637M	0.1%	$8.09	—	COM	780915104
—	ALPINE GLOBAL DYNAMIC DIVD F	150,478	$1.58M	0.1%	$9.95	—	COM NEW	02082E205
—	DEUTSCHE MUN INCOME	129,300	$1.448M	0.1%	$11.20	—	COM	25160C106
—	WESTERN ASSET HIGH INCM OPP	298,600	$1.436M	0.1%	$4.81	—	COM	95766K109
—	DELAWARE ENHANCED GBL DIV &	117,201	$1.355M	0.1%	$10.77	—	COM	246060107
—	GABELLI GLOBL UTIL & INCOME	71,856	$1.337M	0.1%	$18.54	—	COM SH BEN INT	36242L105
XLV	SELECT SECTOR SPDR TR	16,175	$1.317M	0.1%	$81.42	—	SBI HEALTHCARE	81369Y209
—	NUVEEN SELECT TAX FREE INCM	92,343	$1.244M	0.1%	$13.53	—	SH BEN INT	67063C106
XLI	SELECT SECTOR SPDR TR	15,950	$1.185M	0.1%	$73.93	—	SBI INT-INDS	81369Y704
—	NUVEEN SELECT TAX FREE INCM	56,217	$800K	0.0%	$14.23	—	SH BEN INT	67063X100
—	ABERDEEN ASIA PACIFIC INCOM	157,663	$747K	0.0%	$5.41	—	COM	003009107
—	ROYCE VALUE TR INC	42,317	$658K	0.0%	$13.48	—	COM	780910105
—	DEUTSCHE STRATEGIC INCOME TR	47,340	$581K	0.0%	$12.08	—	SHS	25160F109
—	BLACKROCK HEALTH SCIENCES TR	13,405	$469K	0.0%	$34.99	—	COM	09250W107
—	NUVEEN SELECT TAX FREE INCM	27,013	$379K	0.0%	$14.03	—	SH BEN INT	67062F100
—	ADVENT CLAY CONV SEC INC FD	50,000	$280K	0.0%	$6.14	—	COM	007639107
—	VOYA GLBL ADV & PREM OPP FD	21,000	$229K	0.0%	$10.88	—	COM	92912R104