Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	3,610,721	$242M	12.9%	$53.50	—	MSCI JPN ETF NEW	46434G822
IEF	ISHARES TR	1,062,200	$122M	6.5%	$111.93	—	BARCLAYS 7 10 YR	464287440
MBB	ISHARES TR	1,105,430	$119M	6.3%	$108.56	—	MBS ETF	464288588
EZU	ISHARES INC	1,890,866	$92.67M	4.9%	$37.29	—	MSCI EURZONE ETF	464286608
LQD	ISHARES TR	694,300	$92.01M	4.9%	$132.03	—	IBOXX INV CP ETF	464287242
GOVT	ISHARES TR	3,402,675	$90.78M	4.8%	$27.28	—	US TREAS BD ETF	46429B267
EWL	ISHARES INC	1,336,308	$70.46M	3.7%	$39.05	—	MSCI SWITZERLAND	464286749
—	ABERDEEN TOTAL DYNAMIC DIVD	5,396,292	$55.15M	2.9%	$8.61	—	COM SH BEN INT	00326L100
—	ADAMS DIVERSIFIED EQUITY FD	2,103,536	$40.83M	2.2%	$13.90	—	COM	006212104
—	WESTERN AST INFL LKD OPP & I	2,821,240	$38.31M	2.0%	$11.58	—	COM	95766R104
—	GENERAL AMERN INVS CO INC	843,551	$37.28M	2.0%	$33.84	—	COM	368802104
—	JAPAN SMALLER CAPITALIZATION	4,658,755	$36.66M	1.9%	$9.11	—	COM	47109U104
—	BLACKROCK ENHANCED GLOBAL DI	2,590,104	$31.55M	1.7%	$12.62	—	COM	092501105
—	DWS MUN INCOME TR	2,639,972	$31.2M	1.7%	$10.97	—	COM	233368109
EWA	ISHARES INC	1,240,398	$30.8M	1.6%	$24.43	—	MSCI AUST ETF	464286103
—	ABERDEEN EMRG MRKTS EQT INM	3,550,804	$28.12M	1.5%	$6.91	—	COM	00301W105
—	NUVEEN CORE PLUS IMPACT FUND	1,484,761	$27.17M	1.4%	$18.33	—	COM BEN INT	67080D103
—	BLACKROCK ENHANCED INTL DIV	4,089,672	$25.68M	1.4%	$5.88	—	COM BENE INTER	092524107
XJEQX	ABERDEEN JAPAN EQUITY FD INC	3,141,083	$25.54M	1.4%	$7.14	—	COM	00306J109
—	MORGAN STANLEY CHINA A SH FD	1,237,643	$25.26M	1.3%	$24.74	—	COM	617468103
—	TAIWAN FD INC	627,196	$23.56M	1.3%	$17.74	—	COM	874036106
—	WESTERN ASSET DIVERSIFIED IN	1,277,070	$23.38M	1.2%	$18.31	—	COM SHS BEN INT	95790K109
SPY	SPDR S&P 500 ETF TR	43,295	$20.56M	1.1%	$275.74	—	TR UNIT	78462F103
—	NEW GERMANY FD INC	1,337,025	$19.8M	1.1%	$16.17	—	COM	644465106
—	EUROPEAN EQUITY FD INC	1,875,110	$19.45M	1.0%	$7.76	—	COM	298768102
—	NUVEEN AMT-FREE MUN VALUE FD	1,078,078	$17.88M	1.0%	$15.90	—	COM	670695105
—	TEMPLETON EMERGING MKTS FD	1,081,503	$17.35M	0.9%	$14.64	—	COM	880191101
—	VIRTUS DIVIDEND INTEREST & P	1,053,226	$16.91M	0.9%	$13.78	—	COM	92840R101
—	KOREA FD INC	491,702	$16.9M	0.9%	$34.56	—	COM NEW	500634209
XFDEX	FIRST TR DYNAMIC EUROPE EQUI	1,262,123	$16.76M	0.9%	$12.74	—	COM SHS	33740D107
—	CENTRAL SECS CORP	353,818	$15.77M	0.8%	$24.48	—	COM	155123102
—	WESTERN ASSET MANAGED MUNS F	1,199,756	$15.69M	0.8%	$12.77	—	COM	95766M105
MUB	ISHARES TR	130,168	$15.14M	0.8%	$116.68	—	NATIONAL MUN ETF	464288414
—	PGIM SHORT DUR HIG YLD OPP F	771,784	$14.22M	0.8%	$18.70	—	COM	69355J104
—	BLACKROCK MUNIYIELD QUALITY	950,999	$14.09M	0.7%	$12.83	—	COM	09254E103
—	WESTERN ASSET INTER MUNI FD	1,403,392	$13.53M	0.7%	$8.84	—	COM	958435109
XLK	SELECT SECTOR SPDR TR	77,575	$13.49M	0.7%	$106.98	—	TECHNOLOGY	81369Y803
—	WESTERN ASSET PREMIER BD FD	927,817	$13.3M	0.7%	$12.96	—	SHS BEN INT	957664105
—	HANCOCK JOHN INCOME SECS TR	786,497	$12.12M	0.6%	$13.80	—	COM	410123103
—	BLACKROCK SCIENCE & TECHNOLO	226,890	$11.34M	0.6%	$50.28	—	SHS	09258G104
—	SPROTT FOCUS TR INC	1,301,931	$11.2M	0.6%	$7.01	—	COM	85208J109
VMBS	VANGUARD SCOTTSDALE FDS	203,650	$10.76M	0.6%	$53.29	—	MTG-BKD SECS ETF	92206C771
—	BLACKROCK SCIENCE & TECHNOLO	274,447	$10.69M	0.6%	$26.91	—	SHS BEN INT	09260K101
XBFZX	BLACKROCK CALIF MUN INCOME T	731,571	$10.64M	0.6%	$13.23	—	SH BEN INT	09248E102
—	ROYCE MICRO-CAP TR INC	836,317	$9.659M	0.5%	$7.74	—	COM	780915104
—	NUVEEN MULTI-MKT INCOME FD	1,179,596	$8.941M	0.5%	$7.18	—	COM	67075J107
—	DTF TAX-FREE INCOME INC	610,222	$8.72M	0.5%	$13.73	—	COM	23334J107
SUB	ISHARES TR	79,500	$8.536M	0.5%	$107.82	—	SHRT NAT MUN ETF	464288158
—	MACQUARIE GLOBAL INFRASTRUCT	349,511	$8.435M	0.4%	$18.88	—	COM	55608D101
USHY	ISHARES TR	200,000	$8.238M	0.4%	$41.19	—	BROAD USD HIGH	46435U853
XMVFX	BLACKROCK MUNIVEST FD INC	849,439	$8.129M	0.4%	$9.10	—	COM	09253R105
—	CENTRAL & EASTERN EUROPE FD	287,979	$7.6M	0.4%	$27.53	—	COM	153436100
—	EATON VANCE MUNI INCOME TRUS	544,694	$7.528M	0.4%	$12.11	—	SH BEN INT	27826U108
—	ALLIANCEBERNSTEIN NATL MUN I	493,171	$7.304M	0.4%	$13.06	—	COM	01864U106
—	ABERDEEN AUSTRALIA EQUITY FD	1,163,468	$7.039M	0.4%	$5.01	—	COM	003011103
—	VOYA EMERGING MKTS HIGH DIVI	953,853	$6.772M	0.4%	$8.61	—	COM	92912P108
XLI	SELECT SECTOR SPDR TR	62,335	$6.596M	0.4%	$99.52	—	SBI INT-INDS	81369Y704
XEGFX	BLACKROCK ENHANCED GOVT FD I	515,096	$6.475M	0.3%	$13.54	—	COM	09255K108
—	BLACKROCK HEALTH SCIENCS TR	237,077	$6.012M	0.3%	$26.25	—	COM SHS	09260E105
—	NUVEEN REAL ESTATE INCOME FD	445,713	$5.714M	0.3%	$8.89	—	COM	67071B108
XXCHNXX	CHINA FD INC	304,384	$5.564M	0.3%	$20.46	—	COM	169373107
—	MFS INTER INCOME TR	1,544,359	$5.544M	0.3%	$3.92	—	SH BEN INT	55273C107
—	CREDIT SUISSE HIGH YIELD BD	2,170,040	$5.36M	0.3%	$2.41	—	SH BEN INT	22544F103
—	NEW IRELAND FD INC	471,916	$5.267M	0.3%	$10.25	—	COM	645673104
—	WESTERN ASSET MUN PARTNERS F	318,161	$4.951M	0.3%	$15.22	—	COM	95766P108
—	NUVEEN DOW 30 DYNMC OVERWRT	276,835	$4.919M	0.3%	$13.40	—	SHS	67075F105
—	DWS STRATEGIC MUN INCOME TR	403,886	$4.911M	0.3%	$11.28	—	COM	23342Q101
—	FIRST TR MTG INCOME FD	355,576	$4.843M	0.3%	$15.10	—	COM SHS	33734E103
SRLN	SSGA ACTIVE ETF TR	104,700	$4.777M	0.3%	$45.63	—	BLACKSTONE SENR	78467V608
VTEB	VANGUARD MUN BD FDS	83,900	$4.607M	0.2%	$54.79	—	TAX EXEMPT BD	922907746
—	BLACKROCK ENHANCD CAP & INM	194,956	$4.312M	0.2%	$14.41	—	COM	09256A109
—	VOYA GLBL EQTY DIV & PREM OP	647,158	$4.019M	0.2%	$5.23	—	COM	92912T100
—	TEMPLETON DRAGON FD INC	223,925	$3.807M	0.2%	$23.77	—	COM	88018T101
—	NUVEEN FLOATING RATE INCOME	364,300	$3.69M	0.2%	$8.80	—	COM SHS	6706EN100
XMIOX	PIONEER MUN HIGH INCOME OPPO	188,186	$3.457M	0.2%	$18.37	—	COMMON STOCK	723760104
—	SWISS HELVETIA FD INC	330,865	$3.289M	0.2%	$11.37	—	COM	870875101
—	NEUBERGER BERMAN NEXT GENERA	183,116	$3.168M	0.2%	$17.30	—	COMMON STOCK	64133Q108
—	MEXICO FD INC	194,951	$3.069M	0.2%	$15.51	—	COM	592835102
—	MORGAN STANLEY INDIA INVT FD	108,280	$2.891M	0.2%	$18.57	—	COM	61745C105
—	EATON VANCE TX ADV GLBL DIV	118,886	$2.702M	0.1%	$16.62	—	COM	27828S101
—	NUVEEN S&P 500 BUY-WRITE INC	171,320	$2.51M	0.1%	$11.01	—	COM	6706ER101
XLY	SELECT SECTOR SPDR TR	11,300	$2.31M	0.1%	$165.99	—	SBI CONS DISCR	81369Y407
XHIEX	MILLER HOWARD HIGH INC EQTY	223,261	$2.304M	0.1%	$6.11	—	COM SHS BEN IN	600379101
—	NUVEEN CALIFORNIA MUNI VLU F	222,017	$2.247M	0.1%	$10.19	—	COM STK	67062C107
—	NUVEEN FLOATING RATE INCOME	208,646	$2.122M	0.1%	$8.84	—	COM	67072T108
—	BLACKROCK INNOVATION AND GRW	141,608	$2.059M	0.1%	$14.54	—	SHS BEN INT	09260Q108
—	NUVEEN GEORGIA QLTY MUN INC	139,975	$1.929M	0.1%	$11.81	—	COM	67072B107
—	WESTERN ASSET HIGH INCOME OP	359,861	$1.871M	0.1%	$4.95	—	COM	95766K109
XEVMX	EATON VANCE CALIF MUN BD FD	158,774	$1.842M	0.1%	$10.21	—	COM	27828A100
—	CBRE GBL REAL ESTATE INC FD	179,327	$1.756M	0.1%	$7.46	—	COM	12504G100
XENWX	EATON VANCE NEW YORK MUN BD	141,859	$1.724M	0.1%	$11.36	—	COM	27827Y109
—	BLACKROCK CAP ALLOCATION TR	88,300	$1.717M	0.1%	$19.45	—	COM	09260U109
—	BLACKROCK MUNIHLDS INVSTM QL	102,057	$1.517M	0.1%	$13.13	—	COM	09254P108
—	INDIA FD INC	69,152	$1.459M	0.1%	$20.09	—	COM	454089103
—	CUSHING MLP & INFRASTRUCT	42,281	$1.29M	0.1%	$31.44	—	COM NEW	231631300
—	MFS MUN INCOME TR	176,205	$1.233M	0.1%	$6.18	—	SH BEN INT	552738106
—	ROYCE VALUE TR INC	56,301	$1.103M	0.1%	$11.51	—	COM	780910105
—	MFS INVT GRADE MUN TR	106,735	$1.1M	0.1%	$9.08	—	SH BEN INT	59318B108
—	LMP CAP & INCOME FD INC	58,623	$891K	0.0%	$12.70	—	COM	50208A102
—	COHEN & STEERS TAX ADVAN PFD	32,000	$770K	0.0%	$24.06	—	COM	19249X108
—	BLACKROCK ESG CAP ALLC TR	37,899	$707K	0.0%	$18.65	—	SHS BEN INT	09262F100
—	VIRTUS ALLIANZGI CONVERTIBLE	88,301	$450K	0.0%	$5.10	—	COM	92838U108
—	ABERDEEN GLOBAL DYNAMIC DIVI	36,837	$445K	0.0%	$10.18	—	COM	00302M106
XMHIX	PIONEER MUNICIPAL HIGH INCOM	27,700	$339K	0.0%	$12.24	—	COM SHS	723763108
—	THORNBURG INCM BUILDER OPP T	16,254	$303K	0.0%	$18.64	—	COM	885213108
—	NUVEEN N Y MUN VALUE FD	28,545	$281K	0.0%	$9.94	—	COM	67062M105
—	INVESCO BD FD	11,000	$219K	0.0%	$20.15	—	COM	46132L107
EEM	ISHARES TR	4,000	$195K	0.0%	$48.75	—	MSCI EMG MKT ETF	464287234
—	GUGGENHEIM STRATEGIC OPPORTU	9,467	$173K	0.0%	$18.27	—	COM SBI	40167F101
AGG	ISHARES TR	1,400	$160K	0.0%	$113.84	—	CORE US AGGBD ET	464287226
—	NUVEEN SELECT TAX-FREE INCOM	9,700	$155K	0.0%	$15.98	—	SH BEN INT	67062F100
—	NUVEEN MUN VALUE FD INC	6,300	$65,000	0.0%	$10.32	—	COM	670928100