1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	2,065,130	$121,202	8.5%	$53.50	—	MSCI JPN ETF NEW	46434G822
IEF	ISHARES TR	682,600	$67,659	4.8%	$111.93	—	7-10 YR TRSY BD	464287440
EWL	ISHARES INC	1,258,158	$57,020	4.0%	$40.49	—	MSCI SWITZERLAND	464286749
EZU	ISHARES INC	1,115,716	$50,296	3.5%	$37.29	—	MSCI EURZONE ETF	464286608
GOVT	ISHARES TR	2,062,925	$48,231	3.4%	$27.11	—	US TREAS BD ETF	46429B267
—	GENERAL AMERN INVS CO INC	972,038	$37,822	2.7%	$34.47	—	COM	368802104
—	ADAMS DIVERSIFIED EQUITY FD	2,394,330	$37,232	2.6%	$14.17	—	COM	006212104
—	JAPAN SMALLER CAPITALIZATION	4,903,331	$33,882	2.4%	$9.00	—	COM	47109U104
—	MFS INTER INCOME TR	10,324,562	$28,599	2.0%	$3.09	—	SH BEN INT	55273C107
—	NUVEEN MUN VALUE FD INC	3,009,277	$26,512	1.9%	$9.22	—	COM	670928100
—	BLACKROCK HEALTH SCIENCS TR	1,572,226	$26,272	1.8%	$17.70	—	COM SHS	09260E105
EWA	ISHARES INC	1,118,698	$25,663	1.8%	$24.71	—	MSCI AUST ETF	464286103
—	BLACKROCK ENHANCED GLOBAL DI	2,385,659	$23,690	1.7%	$12.49	—	COM	092501105
—	PGIM SHORT DUR HIG YLD OPP F	1,538,024	$22,794	1.6%	$16.97	—	COM	69355J104
—	WESTERN AST INFL LKD OPP & I	2,411,760	$22,068	1.6%	$11.58	—	COM	95766R104
XFDEX	FIRST TR DYNAMIC EUROPE EQUI	1,694,310	$21,586	1.5%	$12.62	—	COM SHS	33740D107
—	DWS MUN INCOME TR	2,413,245	$21,478	1.5%	$10.97	—	COM	233368109
—	WESTERN ASSET INVT GRADE DEF	1,268,126	$21,469	1.5%	$17.73	—	COM	95790A101
—	WESTERN ASSET DIVERSIFIED IN	1,569,045	$20,868	1.5%	$17.42	—	COM SHS BEN INT	95790K109
XXINSIXX	INSIGHT SELECT INCOME FD	1,302,040	$20,676	1.5%	$16.80	—	COM	45781W109
—	ABRDN EMRG MKTS EQTY INCM FD	3,819,168	$20,471	1.4%	$6.75	—	COM	00301W105
—	NUVEEN AMT-FREE MUN VALUE FD	1,450,973	$19,980	1.4%	$15.44	—	COM	670695105
—	MORGAN STANLEY CHINA A SH FD	1,309,525	$18,805	1.3%	$23.88	—	COM	617468103
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,279,694	$17,940	1.3%	$7.06	—	COM	00306J109
—	TAIWAN FD INC	642,608	$17,325	1.2%	$18.24	—	COM	874036106
—	EUROPEAN EQUITY FD INC	1,932,404	$16,321	1.1%	$7.75	—	COM	298768102
—	ABRDN TOTAL DYNAMIC DIVIDEND	1,990,764	$16,085	1.1%	$8.61	—	COM SH BEN INT	00326L100
—	NUVEEN CORE PLUS IMPACT FUND	1,558,707	$15,930	1.1%	$17.91	—	COM BEN INT	67080D103
—	BLACKROCK ENHANCED INTL DIV	2,866,595	$15,480	1.1%	$5.88	—	COM BENE INTER	092524107
—	MFS GOVT MKTS INCOME TR	4,535,762	$14,968	1.1%	$3.46	—	SH BEN INT	552939100
—	VIRTUS DIVIDEND INTEREST & P	1,180,728	$13,885	1.0%	$13.49	—	COM	92840R101
—	NEW GERMANY FD INC	1,492,456	$13,566	1.0%	$15.36	—	COM	644465106
—	TEMPLETON EMERGING MKTS FD	1,076,481	$12,595	0.9%	$14.58	—	COM	880191101
—	WESTERN ASSET MANAGED MUNS F	1,193,012	$12,264	0.9%	$12.63	—	COM	95766M105
—	CENTRAL SECS CORP	336,545	$11,706	0.8%	$25.44	—	COM	155123102
EWG	ISHARES INC	406,600	$11,572	0.8%	$28.46	—	MSCI GERMANY ETF	464286806
—	WESTERN ASSET INTER MUNI FD	1,372,487	$10,852	0.8%	$8.77	—	COM	958435109
—	ABRDN GLOBAL INFRA INCOME FU	568,244	$10,206	0.7%	$17.96	—	COM SHS BEN INT	00326W106
—	BLACKROCK SCIENCE & TECHNOLO	539,188	$10,077	0.7%	$25.88	—	SHS BEN INT	09260K101
—	KOREA FD INC	458,186	$10,065	0.7%	$34.56	—	COM NEW	500634209
—	INVESCO BD FD	635,619	$9,795	0.7%	$16.88	—	COM	46132L107
—	HANCOCK JOHN INCOME SECS TR	888,558	$9,703	0.7%	$13.36	—	COM	410123103
—	WESTERN ASSET PREMIER BD FD	897,948	$9,159	0.6%	$12.81	—	SHS BEN INT	957664105
—	NUVEEN SELECT MAT MUN FD	988,845	$9,127	0.6%	$9.14	—	SH BEN INT	67061T101
—	NUVEEN SELECT TAX-FREE INCOM	622,980	$8,915	0.6%	$14.19	—	SH BEN INT	67062F100
SUB	ISHARES TR	84,400	$8,835	0.6%	$106.37	—	SHRT NAT MUN ETF	464288158
XEGFX	BLACKROCK ENHANCED GOVT FD I	862,683	$8,411	0.6%	$12.31	—	COM	09255K108
—	NEUBERGER BERMAN NEXT GENERA	799,902	$8,327	0.6%	$12.33	—	COMMON STOCK	64133Q108
—	EATON VANCE NATL MUN OPPORT	469,642	$8,299	0.6%	$17.57	—	COM SHS	27829L105
—	WESTERN ASSET INVESTMENT GRA	682,886	$8,154	0.6%	$12.48	—	COM	95766T100
SPY	SPDR S&P 500 ETF TR	19,295	$7,899	0.6%	$319.89	—	TR UNIT	78462F103
—	BLACKROCK MUNIYIELD QUALITY	680,645	$7,719	0.5%	$12.83	—	COM	09254E103
—	GABELLI DIVID & INCOME TR	359,861	$7,482	0.5%	$20.62	—	COM	36242H104
—	NUVEEN MUN INCOME FD INC	783,465	$7,333	0.5%	$9.38	—	COM	67062J102
—	CREDIT SUISSE HIGH YIELD BD	3,868,744	$7,312	0.5%	$2.21	—	SH BEN INT	22544F103
XBFZX	BLACKROCK CALIF MUN INCOME T	595,146	$6,963	0.5%	$13.23	—	SH BEN INT	09248E102
—	ROYCE MICRO-CAP TR INC	767,115	$6,728	0.5%	$7.85	—	COM	780915104
—	WESTERN ASSET MUN HIGH INCOM	998,881	$6,663	0.5%	$6.44	—	COM	95766N103
—	NUVEEN MULTI-MKT INCOME FD	1,147,489	$6,661	0.5%	$7.15	—	COM	67075J107
XHIEX	MILLER HOWARD HIGH INC EQTY	656,288	$6,596	0.5%	$8.61	—	COM SHS BEN IN	600379101
—	TEKLA LIFE SCIENCES INVS	463,715	$6,460	0.5%	$14.07	—	SH BEN INT	87911K100
—	BLACKROCK INNOVATION AND GRW	783,844	$6,294	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	FIRST TR SR FLTG RATE INCOME	631,315	$6,282	0.4%	$9.64	—	COM	33733U108
—	DTF TAX-FREE INCOME 2028 TER	561,546	$6,221	0.4%	$13.73	—	COM	23334J107
—	NUVEEN N Y MUN VALUE FD	707,827	$6,176	0.4%	$8.56	—	COM	67062M105
—	PUTNAM PREMIER INCOME TR	1,725,694	$6,143	0.4%	$3.86	—	SH BEN INT	746853100
—	TCW STRATEGIC INCOME FD INC	1,300,869	$6,088	0.4%	$4.84	—	COM	872340104
—	NUVEEN CALIFORNIA MUNI VLU F	651,025	$5,736	0.4%	$9.25	—	COM STK	67062C107
—	VOYA EMERGING MKTS HIGH DIVI	1,007,661	$5,411	0.4%	$8.29	—	COM	92912P108
—	BLACKROCK ESG CAP ALLC TR	344,199	$5,373	0.4%	$15.93	—	SHS BEN INT	09262F100
—	WESTERN ASSET HIGH INCOME OP	1,371,275	$5,225	0.4%	$4.22	—	COM	95766K109
—	FRANKLIN LTD DURATION INCOME	837,767	$5,177	0.4%	$6.70	—	COM	35472T101
XMVFX	BLACKROCK MUNIVEST FD INC	745,588	$5,159	0.4%	$9.10	—	COM	09253R105
—	BLACKROCK CR ALLOCATION INCO	496,666	$5,111	0.4%	$10.89	—	COM	092508100
—	THE NEW IRELAND FUND INC	452,339	$4,718	0.3%	$10.21	—	COM	645673104
—	TEKLA HEALTHCARE OPPORTUNITI	250,818	$4,705	0.3%	$19.14	—	SHS	879105104
—	NUVEEN MORTGAGE AND INCOME F	291,224	$4,648	0.3%	$16.43	—	COM	670735109
—	DWS STRATEGIC MUN INCOME TR	524,375	$4,447	0.3%	$10.82	—	COM	23342Q101
—	BLACKROCK FLOATING RATE INC	391,328	$4,387	0.3%	$10.99	—	COM	091941104
—	ABRDN AUSTRALIA EQUITY FD IN	990,888	$4,350	0.3%	$4.82	—	COM	003011103
XNXNX	NUVEEN N Y SELECT TAX FREE I	349,394	$4,210	0.3%	$11.66	—	SH BEN INT	67063V104
XLI	SELECT SECTOR SPDR TR	39,935	$4,041	0.3%	$98.93	—	SBI INT-INDS	81369Y704
—	SPROTT FOCUS TR INC	492,583	$3,987	0.3%	$7.01	—	COM	85208J109
—	THORNBURG INCM BUILDER OPP T	242,876	$3,791	0.3%	$14.20	—	COM	885213108
—	VIRTUS ARTIFICIAL INTELLIGEN	210,186	$3,657	0.3%	$16.60	—	COM	92838Y100
—	FIRST TR MTG INCOME FD	318,126	$3,611	0.3%	$15.10	—	COM SHS	33734E103
VMBS	VANGUARD SCOTTSDALE FDS	75,000	$3,491	0.2%	$46.55	—	MTG-BKD SECS ETF	92206C771
—	WESTERN ASSET MUN PARTNERS F	288,291	$3,488	0.2%	$14.96	—	COM	95766P108
—	EATON VANCE MUNI INCOME TRUS	341,897	$3,463	0.2%	$12.11	—	SH BEN INT	27826U108
—	MAINSTAY CBRE GBL INFRSTR ME	242,367	$3,442	0.2%	$14.11	—	COM	56064Q107
XLP	SELECT SECTOR SPDR TR	45,800	$3,422	0.2%	$66.73	—	SBI CONS STPLS	81369Y308
—	FEDERATED HERMES PREM MUNI I	309,159	$3,345	0.2%	$11.05	—	COM	31423P108
—	MEXICO FD INC	194,001	$3,302	0.2%	$15.51	—	COM	592835102
—	ADAM NAT RES FD INC	159,106	$3,271	0.2%	$20.56	—	COM	00548F105
—	BLACKROCK CAP ALLOCATION TR	214,200	$3,243	0.2%	$16.84	—	COM	09260U109
—	EATON VANCE FLTING RATE INC	269,900	$3,107	0.2%	$11.09	—	COM	278279104
—	PUTNAM MASTER INTER INCOME T	951,911	$3,027	0.2%	$3.51	—	SH BEN INT	746909100
XMIOX	PIONEER MUN HIGH INCOME OPPO	274,047	$2,993	0.2%	$17.10	—	COMMON STOCK	723760104
—	VIRTUS GLOBAL MULTI-SECTOR I	375,224	$2,908	0.2%	$7.89	—	COM	92829B101
—	FIRST TR HIGH YIELD OPPRT 20	197,900	$2,763	0.2%	$14.42	—	COM	33741Q107
—	GAMCO NAT RES GOLD & INCOME	518,912	$2,693	0.2%	$4.73	—	SH BEN INT	36465E101
—	SWISS HELVETIA FD INC	334,766	$2,655	0.2%	$11.23	—	COM	870875101
—	ALLIANCEBERNSTEIN NATL MUN I	236,109	$2,585	0.2%	$13.06	—	COM	01864U106
—	ALLSPRING UTILITIES AND HIGH	236,959	$2,526	0.2%	$10.93	—	WF UTILITIES INC	94987E109
BKLN	INVESCO EXCH TRADED FD TR II	119,400	$2,484	0.2%	$20.80	—	SR LN ETF	46138G508
—	NEUBERGER BERMAN MUN FD INC	216,353	$2,369	0.2%	$10.45	—	COM	64124P101
—	MORGAN STANLEY INDIA INVT FD	121,073	$2,356	0.2%	$18.83	—	COM	61745C105
—	BNY MELLON MUN INCOME INC	353,563	$2,295	0.2%	$6.87	—	COM	05589T104
XXCHNXX	CHINA FD INC	166,555	$2,130	0.1%	$20.46	—	COM	169373107
—	BLACKSTONE SENI FLTN RAT 202	165,200	$2,094	0.1%	$12.48	—	COM	09256U105
XNDPX	TORTOISE ENERGY INDEPENDENC	72,584	$2,043	0.1%	$27.57	—	COM	89148K200
—	EATON VANCE TAX-ADVANTAGED G	88,113	$1,959	0.1%	$21.21	—	COM	27828U106
—	BLACKROCK MUN INCOME TR	186,672	$1,906	0.1%	$10.06	—	SH BEN INT	09248F109
XEVMX	EATON VANCE CALIF MUN BD FD	197,854	$1,785	0.1%	$10.02	—	COM	27828A100
—	NXG CUSHING MIDSTREAM ENERGY	51,170	$1,676	0.1%	$29.33	—	COM NEW	231631300
—	COHEN & STEERS TAX ADVAN PFD	88,600	$1,583	0.1%	$22.22	—	COM	19249X108
XENWX	EATON VANCE NEW YORK MUN BD	162,052	$1,575	0.1%	$11.11	—	COM	27827Y109
—	WESTERN ASSET HIGH YIELD DEF	125,271	$1,501	0.1%	$12.55	—	COM	95768B107
—	NUVEEN SR INCOME FD	313,400	$1,445	0.1%	$4.59	—	COM	67067Y104
—	HANCOCK JOHN INVT TR	276,080	$1,356	0.1%	$4.76	—	TAX ADV GLB SH	41013P749
—	EATON VANCE SR FLTNG RTE TR	116,200	$1,317	0.1%	$10.94	—	COM	27828Q105
—	RIVERNORTH DOUBLELINE STRATE	138,850	$1,189	0.1%	$8.64	—	COM	76882G107
EFA	ISHARES TR	15,700	$1,123	0.1%	$65.64	—	MSCI EAFE ETF	464287465
—	LMP CAP & INCOME FD INC	90,648	$1,107	0.1%	$12.54	—	COM	50208A102
—	VOYA GLBL EQTY DIV & PREM OP	214,719	$1,095	0.1%	$5.23	—	COM	92912T100
—	MFS INVT GRADE MUN TR	131,735	$974	0.1%	$8.71	—	SH BEN INT	59318B108
—	NUVEEN INT DUR QUAL MUN TRM	73,797	$942	0.1%	$12.44	—	COM	670677103
—	BNY MELLON HIGH YIELD STRATE	386,142	$838	0.1%	$2.11	—	SH BEN INT	09660L105
LQD	ISHARES TR	7,000	$767	0.1%	$109.61	—	IBOXX INV CP ETF	464287242
—	NUVEEN REAL ESTATE INCOME FD	100,727	$752	0.1%	$8.89	—	COM	67071B108
XPHDX	PIONEER FLOATING RATE FUND I	85,836	$747	0.1%	$8.85	—	COM	72369J102
EEM	ISHARES TR	18,900	$746	0.1%	$37.90	—	MSCI EMG MKT ETF	464287234
XMHIX	PIONEER MUNICIPAL HIGH INCOM	82,474	$733	0.1%	$10.97	—	COM SHS	723763108
—	NUVEEN FLOATING RATE INCOME	89,800	$720	0.1%	$7.81	—	COM SHS	6706EN100
—	SRH TOTAL RETURN FUND INC	54,276	$667	0.0%	$12.28	—	COM	101507101
—	GUGGENHEIM ACTIVE ALLOC FD	44,417	$624	0.0%	$13.45	—	COMMON STOCK	40170T106
—	TEMPLETON DRAGON FD INC	58,820	$623	0.0%	$23.21	—	COM	88018T101
—	VOYA GLBL ADV & PREM OPP FD	67,528	$577	0.0%	$8.66	—	COM	92912R104
—	BLACKROCK ENERGY & RES TR	41,649	$506	0.0%	$10.78	—	COM	09250U101
—	NUVEEN GEORGIA QLTY MUN INC	44,384	$451	0.0%	$11.81	—	COM	67072B107
—	EATON VANCE MUN INCOME 2028	19,703	$351	0.0%	$17.79	—	SHS	27829U105
—	NUVEEN FLOATING RATE INCOME	40,382	$331	0.0%	$7.92	—	COM	67072T108
—	EATON VANCE TAX-MANAGED GLOB	36,295	$283	0.0%	$7.81	—	COM	27829F108
—	HANCOCK JOHN INVT TR II	22,200	$282	0.0%	$12.69	—	COM	410142103
—	MFS MULTIMARKET INCOME TR	55,688	$253	0.0%	$4.52	—	SH BEN INT	552737108
XDCFX	BNY MELLON ALCENTRA GLOBAL C	25,984	$197	0.0%	$6.95	—	COM	05588N108