1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	2,142,210	$116,622	8.0%	$53.50	—	MSCI JPN ETF NEW	46434G822
IEF	ISHARES TR	775,350	$74,263	5.1%	$111.93	—	7-10 YR TRSY BD	464287440
EZU	ISHARES INC	1,320,666	$52,133	3.6%	$37.29	—	MSCI EURZONE ETF	464286608
GOVT	ISHARES TR	2,272,525	$51,632	3.5%	$27.11	—	US TREAS BD ETF	46429B267
EWL	ISHARES INC	1,228,658	$51,518	3.5%	$40.37	—	MSCI SWITZERLAND	464286749
—	GENERAL AMERN INVS CO INC	1,015,649	$36,716	2.5%	$34.47	—	COM	368802104
—	ADAMS DIVERSIFIED EQUITY FD	2,507,340	$36,457	2.5%	$14.17	—	COM	006212104
EFA	ISHARES TR	496,800	$32,610	2.2%	$65.64	—	MSCI EAFE ETF	464287465
—	JAPAN SMALLER CAPITALIZATION	4,873,763	$31,582	2.2%	$9.00	—	COM	47109U104
—	MFS INTER INCOME TR	11,114,262	$30,675	2.1%	$3.09	—	SH BEN INT	55273C107
EEM	ISHARES TR	759,600	$28,789	2.0%	$37.90	—	MSCI EMG MKT ETF	464287234
—	NUVEEN MUN VALUE FD INC	3,101,844	$26,676	1.8%	$9.22	—	COM	670928100
EWA	ISHARES INC	1,092,498	$24,286	1.7%	$24.75	—	MSCI AUST ETF	464286103
—	PGIM SHORT DUR HIG YLD OPP F	1,631,236	$23,963	1.6%	$16.97	—	COM	69355J104
—	WESTERN AST INFL LKD OPP & I	2,586,860	$23,618	1.6%	$11.58	—	COM	95766R104
—	BLACKROCK ENHANCED GLOBAL DI	2,464,762	$23,563	1.6%	$12.49	—	COM	092501105
—	BLACKROCK HEALTH SCIENCS TR	1,515,365	$23,382	1.6%	$17.74	—	COM SHS	09260E105
—	DWS MUN INCOME TR	2,541,222	$21,880	1.5%	$10.97	—	COM	233368109
—	WESTERN ASSET DIVERSIFIED IN	1,667,445	$21,177	1.5%	$17.42	—	COM SHS BEN INT	95790K109
—	WESTERN ASSET INVT GRADE DEF	1,280,562	$20,848	1.4%	$17.73	—	COM	95790A101
XXINSIXX	INSIGHT SELECT INCOME FD	1,319,165	$19,933	1.4%	$16.80	—	COM	45781W109
—	NUVEEN AMT-FREE MUN VALUE FD	1,450,755	$19,745	1.4%	$15.44	—	COM	670695105
—	ABRDN EMRG MKTS EQTY INCM FD	3,647,273	$18,783	1.3%	$6.81	—	COM	00301W105
—	MORGAN STANLEY CHINA A SH FD	1,245,529	$17,687	1.2%	$24.36	—	COM	617468103
—	NUVEEN CORE PLUS IMPACT FUND	1,676,307	$17,367	1.2%	$17.91	—	COM BEN INT	67080D103
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,210,007	$16,949	1.2%	$7.09	—	COM	00306J109
—	ABRDN TOTAL DYNAMIC DIVIDEND	2,133,647	$16,642	1.1%	$8.61	—	COM SH BEN INT	00326L100
XFDEX	FIRST TR DYNAMIC EUROPE EQUI	1,449,321	$16,348	1.1%	$12.59	—	COM SHS	33740D107
SPY	SPDR S&P 500 ETF TR	41,695	$15,945	1.1%	$319.89	—	TR UNIT	78462F103
—	EUROPEAN EQUITY FD INC	1,925,288	$14,440	1.0%	$7.75	—	COM	298768102
—	BLACKROCK ENHANCED INTL DIV	2,870,820	$14,412	1.0%	$5.88	—	COM BENE INTER	092524107
—	TAIWAN FD INC	616,416	$14,233	1.0%	$17.87	—	COM	874036106
—	VIRTUS DIVIDEND INTEREST & P	1,240,128	$13,989	1.0%	$13.49	—	COM	92840R101
—	MFS GOVT MKTS INCOME TR	4,032,362	$13,347	0.9%	$3.48	—	SH BEN INT	552939100
—	WESTERN ASSET MANAGED MUNS F	1,261,719	$12,706	0.9%	$12.63	—	COM	95766M105
—	INVESCO BD FD	802,206	$12,579	0.9%	$16.88	—	COM	46132L107
—	NUVEEN SELECT TAX-FREE INCOM	898,964	$12,505	0.9%	$14.19	—	SH BEN INT	67062F100
—	TEMPLETON EMERGING MKTS FD	1,054,944	$12,047	0.8%	$14.64	—	COM	880191101
—	NEW GERMANY FD INC	1,487,183	$11,734	0.8%	$15.36	—	COM	644465106
—	CENTRAL SECS CORP	343,889	$11,482	0.8%	$25.44	—	COM	155123102
—	WESTERN ASSET INTER MUNI FD	1,446,196	$10,977	0.8%	$8.77	—	COM	958435109
—	WESTERN ASSET PREMIER BD FD	959,732	$10,212	0.7%	$12.81	—	SHS BEN INT	957664105
—	HANCOCK JOHN INCOME SECS TR	936,612	$9,975	0.7%	$13.36	—	COM	410123103
—	KOREA FD INC	462,735	$9,639	0.7%	$34.56	—	COM NEW	500634209
—	MACQUARIE GLOBAL INFRASTRUCT	417,804	$9,493	0.7%	$19.52	—	COM	55608D101
—	TCW STRATEGIC INCOME FD INC	2,013,069	$9,300	0.6%	$4.84	—	COM	872340104
XEGFX	BLACKROCK ENHANCED GOVT FD I	943,726	$9,135	0.6%	$12.31	—	COM	09255K108
—	NUVEEN SELECT MAT MUN FD	974,775	$8,831	0.6%	$9.14	—	SH BEN INT	67061T101
—	BLACKROCK SCIENCE & TECHNOLO	548,830	$8,584	0.6%	$25.88	—	SHS BEN INT	09260K101
—	EATON VANCE NATL MUN OPPORT	503,511	$8,273	0.6%	$17.57	—	COM SHS	27829L105
—	WESTERN ASSET INVESTMENT GRA	712,786	$8,254	0.6%	$12.48	—	COM	95766T100
—	BLACKROCK MUNIYIELD QUALITY	731,332	$8,198	0.6%	$12.83	—	COM	09254E103
—	NUVEEN MUN INCOME FD INC	836,985	$7,868	0.5%	$9.38	—	COM	67062J102
—	ROYCE MICRO-CAP TR INC	890,580	$7,730	0.5%	$7.85	—	COM	780915104
SUB	ISHARES TR	73,700	$7,685	0.5%	$106.61	—	SHRT NAT MUN ETF	464288158
—	NEUBERGER BERMAN NEXT GENERA	803,506	$7,308	0.5%	$12.33	—	COMMON STOCK	64133Q108
—	NUVEEN MULTI-MKT INCOME FD	1,232,696	$7,236	0.5%	$7.15	—	COM	67075J107
—	CREDIT SUISSE HIGH YIELD BD	4,079,344	$7,180	0.5%	$2.21	—	SH BEN INT	22544F103
—	PUTNAM PREMIER INCOME TR	1,876,594	$6,812	0.5%	$3.86	—	SH BEN INT	746853100
XBFZX	BLACKROCK CALIF MUN INCOME T	625,863	$6,778	0.5%	$13.23	—	SH BEN INT	09248E102
—	BLACKROCK CR ALLOCATION INCO	646,216	$6,527	0.4%	$10.89	—	COM	092508100
—	DTF TAX-FREE INCOME 2028 TER	588,238	$6,418	0.4%	$13.73	—	COM	23334J107
—	SPROTT FOCUS TR INC	795,871	$6,343	0.4%	$7.01	—	COM	85208J109
XHIEX	MILLER HOWARD HIGH INC EQTY	592,608	$6,193	0.4%	$8.46	—	COM SHS BEN IN	600379101
—	GABELLI DIVID & INCOME TR	285,040	$5,875	0.4%	$20.57	—	COM	36242H104
—	WESTERN ASSET HIGH INCOME OP	1,460,520	$5,769	0.4%	$4.22	—	COM	95766K109
—	NUVEEN CALIFORNIA MUNI VLU F	675,318	$5,706	0.4%	$9.25	—	COM STK	67062C107
XMVFX	BLACKROCK MUNIVEST FD INC	791,239	$5,547	0.4%	$9.10	—	COM	09253R105
—	TEKLA LIFE SCIENCES INVS	389,731	$5,538	0.4%	$14.09	—	SH BEN INT	87911K100
—	FRANKLIN LTD DURATION INCOME	888,867	$5,520	0.4%	$6.70	—	COM	35472T101
—	BLACKROCK INNOVATION AND GRW	797,744	$5,433	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	WESTERN ASSET MUN HIGH INCOM	832,925	$5,314	0.4%	$6.39	—	COM	95766N103
XLI	SELECT SECTOR SPDR TR	53,335	$5,238	0.4%	$98.93	—	SBI INT-INDS	81369Y704
—	VOYA EMERGING MKTS HIGH DIVI	991,092	$5,114	0.4%	$8.34	—	COM	92912P108
—	BLACKROCK ESG CAP ALLC TR	344,199	$4,623	0.3%	$15.93	—	SHS BEN INT	09262F100
—	DWS STRATEGIC MUN INCOME TR	552,255	$4,512	0.3%	$10.82	—	COM	23342Q101
—	NUVEEN N Y MUN VALUE FD	542,027	$4,477	0.3%	$8.51	—	COM	67062M105
—	NEW IRELAND FD INC	475,106	$4,442	0.3%	$10.21	—	COM	645673104
—	FIRST TR SR FLTG RATE INCOME	465,355	$4,435	0.3%	$9.53	—	COM	33733U108
XLV	SELECT SECTOR SPDR TR	31,400	$4,266	0.3%	$135.15	—	SBI HEALTHCARE	81369Y209
XNXNX	NUVEEN N Y SELECT TAX FREE I	367,118	$4,255	0.3%	$11.66	—	SH BEN INT	67063V104
—	NUVEEN MORTGAGE AND INCOME F	255,224	$4,130	0.3%	$16.49	—	COM	670735109
—	ABRDN AUSTRALIA EQUITY FD IN	890,259	$3,908	0.3%	$4.86	—	COM	003011103
—	WESTERN ASSET MUN PARTNERS F	329,657	$3,837	0.3%	$14.96	—	COM	95766P108
—	FIRST TR MTG INCOME FD	340,476	$3,817	0.3%	$15.10	—	COM SHS	33734E103
—	EATON VANCE MUNI INCOME TRUS	367,407	$3,626	0.2%	$12.11	—	SH BEN INT	27826U108
XLP	SELECT SECTOR SPDR TR	47,300	$3,526	0.2%	$66.73	—	SBI CONS STPLS	81369Y308
—	THORNBURG INCM BUILDER OPP T	242,876	$3,468	0.2%	$14.20	—	COM	885213108
—	BLACKROCK FLOATING RATE INC	316,428	$3,462	0.2%	$10.94	—	COM	091941104
—	CUSHING MLP & INFRASTRUCT	99,086	$3,326	0.2%	$29.33	—	COM NEW	231631300
—	MAINSTAY CBRE GBL INFRSTR ME	241,367	$3,295	0.2%	$14.11	—	COM	56064Q107
—	FEDERATED HERMES PREM MUNI I	309,159	$3,246	0.2%	$11.05	—	COM	31423P108
—	BLACKROCK INCOME TR INC	259,951	$3,208	0.2%	$12.34	—	COM NEW	09247F209
—	PUTNAM MASTER INTER INCOME T	981,665	$3,141	0.2%	$3.51	—	SH BEN INT	746909100
—	VIRTUS GLOBAL MULTI-SECTOR I	399,824	$3,099	0.2%	$7.89	—	COM	92829B101
XMIOX	PIONEER MUN HIGH INCOME OPPO	289,447	$3,083	0.2%	$17.10	—	COMMON STOCK	723760104
—	EATON VANCE FLTING RATE INC	269,900	$2,993	0.2%	$11.09	—	COM	278279104
—	BLACKROCK CAP ALLOCATION TR	214,200	$2,971	0.2%	$16.84	—	COM	09260U109
—	MEXICO FD INC	189,036	$2,786	0.2%	$15.47	—	COM	592835102
—	FIRST TR HIGH YIELD OPPRT 20	197,900	$2,668	0.2%	$14.42	—	COM	33741Q107
—	ALLIANCEBERNSTEIN NATL MUN I	254,035	$2,662	0.2%	$13.06	—	COM	01864U106
XXCHNXX	CHINA FD INC	193,633	$2,502	0.2%	$20.46	—	COM	169373107
—	GAMCO NAT RES GOLD & INCOME	485,963	$2,488	0.2%	$4.70	—	SH BEN INT	36465E101
—	SWISS HELVETIA FD INC	321,722	$2,432	0.2%	$11.37	—	COM	870875101
—	MORGAN STANLEY INDIA INVT FD	117,544	$2,386	0.2%	$18.81	—	COM	61745C105
—	NEUBERGER BERMAN MUN FD INC	216,353	$2,254	0.2%	$10.45	—	COM	64124P101
—	VIRTUS ARTIFICIAL INTELLIGEN	138,670	$2,245	0.2%	$16.19	—	COM	92838Y100
—	BNY MELLON MUN INCOME INC	353,563	$2,213	0.2%	$6.87	—	COM	05589T104
—	BLACKSTONE SENIOR FLOATNG RA	165,200	$2,053	0.1%	$12.48	—	COM	09256U105
—	BLACKROCK MUN INCOME TR	186,672	$1,878	0.1%	$10.06	—	SH BEN INT	09248F109
—	ALLSPRING UTILITIES AND HIGH	163,944	$1,836	0.1%	$11.05	—	WF UTILITIES INC	94987E109
—	TEKLA HEALTHCARE OPPORTUNITI	91,696	$1,816	0.1%	$19.81	—	SHS	879105104
XPHDX	PIONEER FLOATING RATE FUND I	201,636	$1,768	0.1%	$8.85	—	COM	72369J102
XEVMX	EATON VANCE CALIF MUN BD FD	197,854	$1,709	0.1%	$10.02	—	COM	27828A100
—	COHEN & STEERS TAX ADVAN PFD	88,600	$1,566	0.1%	$22.22	—	COM	19249X108
—	WESTERN ASSET HIGH YIELD DEF	125,271	$1,563	0.1%	$12.55	—	COM	95768B107
—	VOYA GLBL EQTY DIV & PREM OP	276,446	$1,496	0.1%	$5.23	—	COM	92912T100
XENWX	EATON VANCE NEW YORK MUN BD	162,052	$1,460	0.1%	$11.11	—	COM	27827Y109
—	EATON VANCE TAX-ADVANTAGED G	69,472	$1,455	0.1%	$20.94	—	COM	27828U106
—	NUVEEN SR INCOME FD	313,400	$1,439	0.1%	$4.59	—	COM	67067Y104
—	HANCOCK JOHN INVT TR	266,080	$1,320	0.1%	$4.75	—	TAX ADV GLB SH	41013P749
—	EATON VANCE SR FLTNG RTE TR	116,200	$1,271	0.1%	$10.94	—	COM	27828Q105
EWC	ISHARES INC	37,400	$1,224	0.1%	$32.73	—	MSCI CDA ETF	464286509
XNDPX	TORTOISE ENERGY INDEPENDENC	41,732	$1,216	0.1%	$27.14	—	COM	89148K200
—	NUVEEN FLOATING RATE INCOME	154,800	$1,209	0.1%	$7.81	—	COM SHS	6706EN100
—	MFS INVT GRADE MUN TR	131,735	$938	0.1%	$8.71	—	SH BEN INT	59318B108
—	NUVEEN INT DUR QUAL MUN TRM	73,797	$922	0.1%	$12.44	—	COM	670677103
—	NUVEEN FLOATING RATE INCOME	114,582	$907	0.1%	$7.92	—	COM	67072T108
—	LMP CAP & INCOME FD INC	71,923	$866	0.1%	$12.63	—	COM	50208A102
—	BNY MELLON HIGH YIELD STRATE	386,142	$834	0.1%	$2.11	—	SH BEN INT	09660L105
—	NUVEEN REAL ESTATE INCOME FD	107,127	$810	0.1%	$8.89	—	COM	67071B108
—	RIVERNORTH DOUBLELINE STRATE	88,050	$764	0.1%	$8.68	—	COM	76882G107
XMHIX	PIONEER MUNICIPAL HIGH INCOM	82,474	$708	0.0%	$10.97	—	COM SHS	723763108
VTEB	VANGUARD MUN BD FDS	13,700	$678	0.0%	$48.14	—	TAX EXEMPT BD	922907746
—	GUGGENHEIM ACTIVE ALLOC FD	44,417	$597	0.0%	$13.45	—	COMMON STOCK	40170T106
—	TEMPLETON DRAGON FD INC	56,290	$575	0.0%	$23.77	—	COM	88018T101
—	CENTRAL & EASTERN EUROPE FD	63,742	$527	0.0%	$27.16	—	COM	153436100
—	BLACKROCK ENERGY & RES TR	41,649	$522	0.0%	$10.78	—	COM	09250U101
—	NUVEEN GEORGIA QLTY MUN INC	44,384	$450	0.0%	$11.81	—	COM	67072B107
—	VOYA GLBL ADV & PREM OPP FD	49,165	$428	0.0%	$8.70	—	COM	92912R104
XDCFX	BNY MELLON ALCENTRA GLOBAL C	49,784	$351	0.0%	$6.95	—	COM	05588N108
—	MFS MULTIMARKET INCOME TR	73,687	$332	0.0%	$4.52	—	SH BEN INT	552737108
—	NUVEEN INTER DURATION MUN TE	16,414	$215	0.0%	$12.37	—	COM	670671106