1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	1,920,100	$118,854	8.5%	$53.50	—	MSCI JPN ETF NEW	46434G822
IEF	ISHARES TR	646,700	$62,471	4.5%	$111.93	—	7-10 YR TRSY BD	464287440
EWL	ISHARES INC	1,287,158	$59,480	4.3%	$40.62	—	MSCI SWITZERLAND	464286749
GOVT	ISHARES TR	1,991,634	$45,608	3.3%	$27.11	—	US TREAS BD ETF	46429B267
—	GENERAL AMERN INVS CO INC	959,526	$40,031	2.9%	$34.47	—	COM	368802104
—	ADAMS DIVERSIFIED EQUITY FD	2,345,529	$39,428	2.8%	$14.17	—	COM	006212104
—	JAPAN SMALLER CAPITALIZATION	4,883,418	$35,161	2.5%	$9.00	—	COM	47109U104
EZU	ISHARES INC	742,616	$34,027	2.4%	$37.29	—	MSCI EURZONE ETF	464286608
—	MFS INTER INCOME TR	10,154,662	$27,824	2.0%	$3.09	—	SH BEN INT	55273C107
—	NUVEEN MUN VALUE FD INC	3,007,469	$26,165	1.9%	$9.22	—	COM	670928100
—	BLACKROCK HEALTH SCIENCES TE	1,582,081	$25,978	1.9%	$17.70	—	COM SHS	09260E105
EWA	ISHARES INC	1,143,398	$25,784	1.8%	$24.66	—	MSCI AUST ETF	464286103
—	PGIM SHORT DUR HIG YLD OPP F	1,529,424	$22,773	1.6%	$16.97	—	COM	69355J104
XFDEX	FIRST TR DYNAMIC EUROPE EQUI	1,723,683	$22,589	1.6%	$12.62	—	COM SHS	33740D107
—	BLACKROCK ENHANCED GLOBAL DI	2,181,488	$21,968	1.6%	$12.49	—	COM	092501105
—	WESTERN AST INFL LKD OPP & I	2,397,060	$21,238	1.5%	$11.58	—	COM	95766R104
—	WESTERN ASSET INVT GRADE DEF	1,298,426	$21,190	1.5%	$17.70	—	COM	95790A101
—	WESTERN ASSET DIVERSIFIED IN	1,557,845	$20,984	1.5%	$17.42	—	COM SHS BEN INT	95790K109
—	DWS MUN INCOME TR	2,413,245	$20,778	1.5%	$10.97	—	COM	233368109
XXINSIXX	INSIGHT SELECT INCOME FD	1,302,040	$20,362	1.5%	$16.80	—	COM	45781W109
—	TAIWAN FD INC	647,157	$20,279	1.5%	$18.24	—	COM	874036106
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,299,096	$20,026	1.4%	$7.06	—	COM	00306J109
—	NUVEEN AMT-FREE MUN VALUE FD	1,456,173	$19,993	1.4%	$15.44	—	COM	670695105
—	ABRDN EMRG MKTS EQTY INCM FD	3,816,550	$19,808	1.4%	$6.75	—	COM	00301W105
—	MORGAN STANLEY CHINA A SH FD	1,358,937	$17,272	1.2%	$23.47	—	COM	617468103
—	EUROPEAN EQUITY FD INC	1,924,629	$16,571	1.2%	$7.75	—	COM	298768102
—	MFS GOVT MKTS INCOME TR	4,969,262	$15,951	1.1%	$3.44	—	SH BEN INT	552939100
—	NUVEEN CORE PLUS IMPACT FUND	1,553,907	$15,492	1.1%	$17.91	—	COM BEN INT	67080D103
—	VIRTUS DIVIDEND INTEREST & P	1,167,438	$14,254	1.0%	$13.49	—	COM	92840R101
—	ABRDN TOTAL DYNAMIC DIVIDEND	1,717,691	$14,188	1.0%	$8.61	—	COM SH BEN INT	00326L100
—	NEW GERMANY FD INC	1,525,065	$13,695	1.0%	$15.22	—	COM	644465106
—	BLACKROCK ENHANCED INTL DIV	2,396,781	$13,038	0.9%	$5.88	—	COM BENE INTER	092524107
—	TEMPLETON EMERGING MKTS FD	1,090,752	$12,915	0.9%	$14.54	—	COM	880191101
—	CENTRAL SECS CORP	329,911	$12,045	0.9%	$25.44	—	COM	155123102
EWG	ISHARES INC	419,000	$11,971	0.9%	$28.46	—	MSCI GERMANY ETF	464286806
—	GABELLI DIVID & INCOME TR	564,755	$11,933	0.9%	$20.80	—	COM	36242H104
—	WESTERN ASSET MANAGED MUNS F	1,190,412	$11,821	0.8%	$12.63	—	COM	95766M105
—	BLACKROCK SCIENCE & TECHNOLO	589,234	$10,671	0.8%	$25.22	—	SHS BEN INT	09260K101
—	WESTERN ASSET INTER MUNI FD	1,372,187	$10,456	0.7%	$8.77	—	COM	958435109
—	KOREA FD INC	446,632	$10,335	0.7%	$34.56	—	COM NEW	500634209
—	ABRDN GLOBAL INFRA INCOME FU	570,443	$10,148	0.7%	$17.96	—	COM SHS BEN INT	00326W106
—	HANCOCK JOHN INCOME SECS TR	914,958	$9,854	0.7%	$13.29	—	COM	410123103
—	NEUBERGER BERMAN NEXT GENERA	892,601	$9,738	0.7%	$12.19	—	COMMON STOCK	64133Q108
—	NUVEEN SELECT MAT MUN FD	1,049,305	$9,444	0.7%	$9.13	—	SH BEN INT	67061T101
—	INVESCO BD FD	630,819	$9,387	0.7%	$16.88	—	COM	46132L107
—	WESTERN ASSET PREMIER BD FD	891,048	$9,080	0.7%	$12.81	—	SHS BEN INT	957664105
—	TCW STRATEGIC INCOME FD INC	1,936,369	$8,965	0.6%	$4.77	—	COM	872340104
SUB	ISHARES TR	83,400	$8,677	0.6%	$106.37	—	SHRT NAT MUN ETF	464288158
XEGFX	BLACKROCK ENHANCED GOVT FD I	862,683	$8,239	0.6%	$12.31	—	COM	09255K108
—	WESTERN ASSET INVESTMENT GRA	705,686	$8,207	0.6%	$12.45	—	COM	95766T100
—	EATON VANCE NATL MUN OPPORT	468,519	$8,133	0.6%	$17.57	—	COM SHS	27829L105
—	BLACKROCK MUNIYIELD QUALITY	678,645	$7,424	0.5%	$12.83	—	COM	09254E103
—	NUVEEN MUN INCOME FD INC	777,719	$7,334	0.5%	$9.38	—	COM	67062J102
—	CREDIT SUISSE HIGH YIELD BD	3,846,144	$7,269	0.5%	$2.21	—	SH BEN INT	22544F103
—	WESTERN ASSET MUN HIGH INCOM	1,097,651	$7,190	0.5%	$6.45	—	COM	95766N103
—	TEKLA HEALTHCARE OPPORTUNITI	363,814	$6,938	0.5%	$19.12	—	SHS	879105104
XHIEX	MILLER HOWARD HIGH INC EQTY	658,402	$6,670	0.5%	$8.61	—	COM SHS BEN IN	600379101
—	NUVEEN MULTI-MKT INCOME FD	1,147,489	$6,655	0.5%	$7.15	—	COM	67075J107
—	TEKLA LIFE SCIENCES INVS	479,415	$6,491	0.5%	$14.05	—	SH BEN INT	87911K100
—	FIRST TR SR FLTG RATE INCOME	631,315	$6,250	0.4%	$9.64	—	COM	33733U108
XBFZX	BLACKROCK CALIF MUN INCOME T	523,296	$6,206	0.4%	$13.23	—	SH BEN INT	09248E102
—	PUTNAM PREMIER INCOME TR	1,725,694	$6,074	0.4%	$3.86	—	SH BEN INT	746853100
—	DTF TAX-FREE INCOME 2028 TER	561,546	$6,048	0.4%	$13.73	—	COM	23334J107
—	BLACKROCK INNOVATION AND GRW	770,344	$6,047	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	NUVEEN N Y MUN VALUE FD	707,827	$5,981	0.4%	$8.56	—	COM	67062M105
—	ABRDN AUSTRALIA EQUITY FD IN	1,358,149	$5,854	0.4%	$4.68	—	COM	003011103
—	ROYCE MICRO-CAP TR INC	641,411	$5,612	0.4%	$7.85	—	COM	780915104
—	NUVEEN CALIFORNIA MUNI VLU F	649,425	$5,553	0.4%	$9.25	—	COM STK	67062C107
—	VOYA EMERGING MKTS HIGH DIVI	1,026,307	$5,357	0.4%	$8.24	—	COM	92912P108
—	WESTERN ASSET HIGH INCOME OP	1,371,275	$5,183	0.4%	$4.22	—	COM	95766K109
—	FRANKLIN LTD DURATION INCOME	828,367	$5,119	0.4%	$6.70	—	COM	35472T101
—	BLACKROCK ESG CAP ALLC TERM	321,399	$5,033	0.4%	$15.93	—	SHS BEN INT	09262F100
XMVFX	BLACKROCK MUNIVEST FD INC	745,588	$5,018	0.4%	$9.10	—	COM	09253R105
—	BLACKROCK CR ALLOCATION INCO	491,366	$4,987	0.4%	$10.89	—	COM	092508100
—	NUVEEN MORTGAGE AND INCOME F	291,224	$4,695	0.3%	$16.43	—	COM	670735109
—	BLACKROCK FLOATING RATE INC	399,939	$4,663	0.3%	$11.01	—	COM	091941104
—	DWS STRATEGIC MUN INCOME TR	524,375	$4,449	0.3%	$10.82	—	COM	23342Q101
XNXNX	NUVEEN N Y SELECT TAX FREE I	348,794	$4,144	0.3%	$11.66	—	SH BEN INT	67063V104
XLP	SELECT SECTOR SPDR TR	54,200	$4,020	0.3%	$67.88	—	SBI CONS STPLS	81369Y308
—	ADAM NAT RES FD INC	185,056	$3,853	0.3%	$20.60	—	COM	00548F105
—	PUTNAM MASTER INTER INCOME T	1,215,005	$3,839	0.3%	$3.43	—	SH BEN INT	746909100
—	ALLSPRING UTILITIES AND HIGH	364,106	$3,685	0.3%	$10.65	—	WF UTILITIES INC	94987E109
—	VIRTUS GLOBAL MULTI-SECTOR I	483,224	$3,610	0.3%	$7.79	—	COM	92829B101
XLI	SELECT SECTOR SPDR TR	33,235	$3,567	0.3%	$98.93	—	SBI INT-INDS	81369Y704
—	FIRST TR MTG INCOME FD	318,126	$3,547	0.3%	$15.10	—	COM SHS	33734E103
—	SPROTT FOCUS TR INC	444,980	$3,538	0.3%	$7.01	—	COM	85208J109
—	THORNBURG INCM BUILDER OPP T	229,505	$3,495	0.3%	$14.20	—	COM	885213108
VMBS	VANGUARD SCOTTSDALE FDS	75,000	$3,449	0.2%	$46.55	—	MTG-BKD SECS ETF	92206C771
—	EATON VANCE MUNI INCOME TRUS	341,897	$3,402	0.2%	$12.11	—	SH BEN INT	27826U108
—	FEDERATED HERMES PREM MUNI I	317,397	$3,374	0.2%	$11.04	—	COM	31423P108
—	WESTERN ASSET MUN PARTNERS F	288,291	$3,373	0.2%	$14.96	—	COM	95766P108
—	BLACKROCK CAP ALLOCATION TER	214,200	$3,267	0.2%	$16.84	—	COM	09260U109
—	MEXICO FD INC	189,001	$3,171	0.2%	$15.51	—	COM	592835102
—	EATON VANCE FLTING RATE INC	269,900	$3,152	0.2%	$11.09	—	COM	278279104
—	MAINSTAY CBRE GLOBAL INFRA	229,467	$3,144	0.2%	$14.11	—	COM	56064Q107
XMIOX	PIONEER MUN HIGH INCOME OPPO	272,247	$2,929	0.2%	$17.10	—	COMMON STOCK	723760104
XXCHNXX	CHINA FD INC	262,904	$2,910	0.2%	$17.02	—	COM	169373107
—	SWISS HELVETIA FD INC	337,646	$2,775	0.2%	$11.23	—	COM	870875101
—	FIRST TR HIGH YIELD OPPRT 20	197,900	$2,715	0.2%	$14.42	—	COM	33741Q107
—	HANCOCK JOHN INVT TR II	209,100	$2,643	0.2%	$12.65	—	COM	410142103
—	MORGAN STANLEY INDIA INVT FD	119,033	$2,579	0.2%	$18.83	—	COM	61745C105
—	ALLIANCEBERNSTEIN NATL MUN I	236,109	$2,533	0.2%	$13.06	—	COM	01864U106
BKLN	INVESCO EXCH TRADED FD TR II	119,400	$2,512	0.2%	$20.80	—	SR LN ETF	46138G508
—	EATON VANCE TAX-ADVANTAGED G	108,546	$2,492	0.2%	$21.54	—	COM	27828U106
—	NEUBERGER BERMAN MUN FD INC	241,212	$2,480	0.2%	$10.44	—	COM	64124P101
—	GAMCO NAT RES GOLD & INCOME	491,843	$2,469	0.2%	$4.73	—	SH BEN INT	36465E101
—	BNY MELLON MUN INCOME INC	375,598	$2,363	0.2%	$6.83	—	COM	05589T104
—	BLACKSTONE SENI FLTN RAT 202	165,200	$2,118	0.2%	$12.48	—	COM	09256U105
XNDPX	TORTOISE ENERGY INDEPENDENC	71,284	$2,049	0.1%	$27.57	—	COM	89148K200
—	BLACKROCK MUN INCOME TR	186,672	$1,856	0.1%	$10.06	—	SH BEN INT	09248F109
—	SRH TOTAL RETURN FUND INC	135,503	$1,799	0.1%	$12.88	—	COM	101507101
—	NUVEEN SR INCOME FD	386,400	$1,770	0.1%	$4.59	—	COM	67067Y104
XEVMX	EATON VANCE CALIF MUN BD FD	197,854	$1,761	0.1%	$10.02	—	COM	27828A100
—	NUVEEN SELECT TAX-FREE INCOM	119,075	$1,716	0.1%	$14.19	—	SH BEN INT	67062F100
—	HANCOCK JOHN INVT TR	361,881	$1,697	0.1%	$4.74	—	TAX ADV GLB SH	41013P749
—	VIRTUS ARTIFICIAL INTELLIGEN	86,351	$1,589	0.1%	$16.60	—	COM	92838Y100
—	COHEN & STEERS TAX ADVAN PFD	88,600	$1,544	0.1%	$22.22	—	COM	19249X108
—	WESTERN ASSET HIGH YIELD DEF	131,271	$1,542	0.1%	$12.52	—	COM	95768B107
XENWX	EATON VANCE NEW YORK MUN BD	162,052	$1,523	0.1%	$11.11	—	COM	27827Y109
—	LMP CAP & INCOME FD INC	110,418	$1,414	0.1%	$12.59	—	COM	50208A102
—	EATON VANCE TAX-MANAGED GLOB	174,104	$1,379	0.1%	$7.90	—	COM	27829F108
—	EATON VANCE SR FLTNG RTE TR	116,200	$1,365	0.1%	$10.94	—	COM	27828Q105
—	RIVERNORTH DOUBLELINE STRATE	138,850	$1,186	0.1%	$8.64	—	COM	76882G107
—	ROYCE VALUE TR INC	76,854	$1,061	0.1%	$13.80	—	COM	780910105
—	BNY MELLON HIGH YIELD STRATE	454,642	$1,009	0.1%	$2.13	—	SH BEN INT	09660L105
—	MFS INVT GRADE MUN TR	131,735	$969	0.1%	$8.71	—	SH BEN INT	59318B108
—	VOYA GLBL EQTY DIV & PREM OP	182,318	$937	0.1%	$5.23	—	COM	92912T100
—	VOYA GLBL ADV & PREM OPP FD	102,238	$873	0.1%	$8.62	—	COM	92912R104
—	BLACKROCK MUN TARGET TERM TR	41,343	$859	0.1%	$20.78	—	COM SHS BEN IN	09257P105
EFA	ISHARES TR	11,000	$798	0.1%	$65.64	—	MSCI EAFE ETF	464287465
—	GUGGENHEIM ACTIVE ALLOC FD	55,017	$790	0.1%	$13.63	—	COMMON STOCK	40170T106
—	EATON VANCE ENHANCED EQUITY	43,284	$774	0.1%	$17.89	—	COM	278277108
LQD	ISHARES TR	7,000	$757	0.1%	$109.61	—	IBOXX INV CP ETF	464287242
—	NUVEEN REAL ESTATE INCOME FD	100,727	$748	0.1%	$8.89	—	COM	67071B108
XPHDX	PIONEER FLOATING RATE FUND I	85,836	$745	0.1%	$8.85	—	COM	72369J102
XMHIX	PIONEER MUNICIPAL HIGH INCOM	82,474	$704	0.1%	$10.97	—	COM SHS	723763108
—	NUVEEN FLOATING RATE INCOME	89,800	$700	0.1%	$7.81	—	COM SHS	6706EN100
—	TEMPLETON DRAGON FD INC	74,877	$682	0.0%	$20.18	—	COM	88018T101
—	EATON VANCE MUN INCOME 2028	28,501	$501	0.0%	$17.73	—	SHS	27829U105
—	BLACKROCK ENERGY & RES TR	39,049	$470	0.0%	$10.78	—	COM	09250U101
—	NUVEEN MUNICIPAL CREDIT INC	37,915	$442	0.0%	$11.66	—	COM SH BEN INT	67070X101
—	NUVEEN DOW 30 DYNMC OVERWRT	17,751	$250	0.0%	$14.11	—	SHS	67075F105
—	NUVEEN CALIF SELECT TAX FREE	15,481	$202	0.0%	$13.03	—	SH BEN INT	67063R103
—	EATON VANCE TAX MNGED BUY WR	13,451	$187	0.0%	$13.89	—	COM	27828X100
—	MFS MULTIMARKET INCOME TR	40,283	$182	0.0%	$4.52	—	SH BEN INT	552737108