1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	1,911,500	$115,244	8.6%	$53.50	—	MSCI JPN ETF NEW	46434G822
IEF	ISHARES TR	646,700	$59,231	4.4%	$111.93	—	7-10 YR TRSY BD	464287440
EWL	ISHARES INC	1,273,058	$55,467	4.2%	$40.62	—	MSCI SWITZERLAND	464286749
GOVT	ISHARES TR	1,991,634	$43,896	3.3%	$27.11	—	US TREAS BD ETF	46429B267
—	GENERAL AMERN INVS CO INC	948,526	$39,022	2.9%	$34.47	—	COM	368802104
—	ADAMS DIVERSIFIED EQUITY FD	2,109,282	$35,098	2.6%	$14.17	—	COM	006212104
—	JAPAN SMALLER CAPITALIZATION	4,866,818	$34,603	2.6%	$9.00	—	COM	47109U104
EZU	ISHARES INC	664,416	$28,065	2.1%	$37.29	—	MSCI EURZONE ETF	464286608
—	MFS INTER INCOME TR	10,154,662	$27,214	2.0%	$3.09	—	SH BEN INT	55273C107
—	NUVEEN MUN VALUE FD INC	3,181,653	$26,280	2.0%	$9.16	—	COM	670928100
EWA	ISHARES INC	1,131,998	$24,349	1.8%	$24.66	—	MSCI AUST ETF	464286103
—	BLACKROCK HEALTH SCIENCES TE	1,573,781	$22,678	1.7%	$17.70	—	COM SHS	09260E105
—	PGIM SHORT DUR HIG YLD OPP F	1,529,424	$22,161	1.7%	$16.97	—	COM	69355J104
XFDEX	FIRST TR DYNAMIC EUROPE EQUI	1,753,151	$21,739	1.6%	$12.62	—	COM SHS	33740D107
—	WESTERN ASSET INVT GRADE DEF	1,319,726	$20,891	1.6%	$17.67	—	COM	95790A101
—	WESTERN ASSET DIVERSIFIED IN	1,557,845	$20,626	1.5%	$17.42	—	COM SHS BEN INT	95790K109
—	BLACKROCK ENHANCED GLOBAL DI	2,154,831	$20,320	1.5%	$12.49	—	COM	092501105
—	NUVEEN AMT-FREE MUN VALUE FD	1,484,197	$19,888	1.5%	$15.40	—	COM	670695105
—	WESTERN AST INFL LKD OPP & I	2,397,060	$19,728	1.5%	$11.58	—	COM	95766R104
—	TAIWAN FD INC	656,003	$19,667	1.5%	$18.40	—	COM	874036106
XXINSIXX	INSIGHT SELECT INCOME FD	1,302,040	$19,570	1.5%	$16.80	—	COM	45781W109
—	DWS MUN INCOME TR	2,413,245	$18,582	1.4%	$10.97	—	COM	233368109
—	ABRDN EMRG MKTS EQTY INCM FD	3,736,720	$17,824	1.3%	$6.75	—	COM	00301W105
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,280,086	$17,548	1.3%	$7.06	—	COM	00306J109
—	MORGAN STANLEY CHINA A SH FD	1,354,937	$16,883	1.3%	$23.47	—	COM	617468103
—	EUROPEAN EQUITY FD INC	1,913,129	$15,209	1.1%	$7.75	—	COM	298768102
—	MFS GOVT MKTS INCOME TR	4,969,262	$15,206	1.1%	$3.44	—	SH BEN INT	552939100
—	GABELLI DIVID & INCOME TR	780,183	$15,167	1.1%	$20.43	—	COM	36242H104
—	NUVEEN CORE PLUS IMPACT FUND	1,553,907	$14,234	1.1%	$17.91	—	COM BEN INT	67080D103
—	VIRTUS DIVIDEND INTEREST & P	1,173,438	$13,295	1.0%	$13.49	—	COM	92840R101
—	NEW GERMANY FD INC	1,576,054	$12,876	1.0%	$15.00	—	COM	644465106
—	TEMPLETON EMERGING MKTS FD	1,091,859	$12,349	0.9%	$14.54	—	COM	880191101
—	WESTERN ASSET MANAGED MUNS F	1,359,412	$12,140	0.9%	$12.17	—	COM	95766M105
—	CENTRAL SECS CORP	329,911	$11,695	0.9%	$25.44	—	COM	155123102
EWG	ISHARES INC	417,000	$10,925	0.8%	$28.46	—	MSCI GERMANY ETF	464286806
—	BLACKROCK SCIENCE & TECHNOLO	624,056	$10,297	0.8%	$24.74	—	SHS BEN INT	09260K101
—	NEUBERGER BERMAN NEXT GENERA	971,523	$10,123	0.8%	$12.04	—	COMMON STOCK	64133Q108
—	WESTERN ASSET INTER MUNI FD	1,372,187	$9,825	0.7%	$8.77	—	COM	958435109
—	BLACKROCK ENHANCED INTL DIV	1,958,527	$9,773	0.7%	$5.88	—	COM BENE INTER	092524107
—	TCW STRATEGIC INCOME FD INC	2,122,669	$9,722	0.7%	$4.76	—	COM	872340104
—	HANCOCK JOHN INCOME SECS TR	921,558	$9,455	0.7%	$13.29	—	COM	410123103
—	KOREA FD INC	446,500	$9,390	0.7%	$34.56	—	COM NEW	500634209
—	NUVEEN SELECT MAT MUN FD	1,095,147	$9,276	0.7%	$9.10	—	SH BEN INT	67061T101
—	ABRDN GLOBAL INFRA INCOME FU	568,343	$9,150	0.7%	$17.96	—	COM SHS BEN INT	00326W106
—	INVESCO BD FD	630,819	$9,128	0.7%	$16.88	—	COM	46132L107
XEGFX	BLACKROCK ENHANCED GOVT FD I	858,383	$8,460	0.6%	$12.31	—	COM	09255K108
—	WESTERN ASSET INVESTMENT GRA	738,886	$8,312	0.6%	$12.40	—	COM	95766T100
XHIEX	MILLER HOWARD HIGH INC EQTY	818,292	$8,117	0.6%	$8.87	—	COM SHS BEN IN	600379101
—	WESTERN ASSET PREMIER BD FD	803,309	$8,105	0.6%	$12.81	—	SHS BEN INT	957664105
—	EATON VANCE NATL MUN OPPORT	471,098	$7,641	0.6%	$17.57	—	COM SHS	27829L105
SUB	ISHARES TR	73,500	$7,560	0.6%	$106.37	—	SHRT NAT MUN ETF	464288158
—	CREDIT SUISSE HIGH YIELD BD	3,846,144	$7,231	0.5%	$2.21	—	SH BEN INT	22544F103
—	WESTERN ASSET MUN HIGH INCOM	1,146,808	$6,984	0.5%	$6.43	—	COM	95766N103
—	TEKLA HEALTHCARE OPPORTUNITI	398,270	$6,763	0.5%	$18.94	—	SHS	879105104
—	NUVEEN MUN INCOME FD INC	768,413	$6,608	0.5%	$9.38	—	COM	67062J102
—	BLACKROCK MUNIYIELD QUALITY	678,645	$6,481	0.5%	$12.83	—	COM	09254E103
—	NUVEEN MULTI-MKT INCOME FD	1,147,489	$6,437	0.5%	$7.15	—	COM	67075J107
—	FIRST TR SR FLTG RATE INCOME	631,315	$6,313	0.5%	$9.64	—	COM	33733U108
—	HANCOCK JOHN INVT TR II	518,501	$6,300	0.5%	$12.35	—	COM	410142103
—	DTF TAX-FREE INCOME 2028 TER	561,546	$5,992	0.4%	$13.73	—	COM	23334J107
—	TEKLA LIFE SCIENCES INVS	479,415	$5,978	0.4%	$14.05	—	SH BEN INT	87911K100
—	ABRDN TOTAL DYNAMIC DIVIDEND	783,455	$5,923	0.4%	$8.61	—	COM SH BEN INT	00326L100
—	ABRDN AUSTRALIA EQUITY FD IN	1,486,852	$5,873	0.4%	$4.62	—	COM	003011103
—	VOYA EMERGING MKTS HIGH DIVI	1,179,612	$5,815	0.4%	$7.81	—	COM	92912P108
—	PUTNAM PREMIER INCOME TR	1,728,494	$5,790	0.4%	$3.86	—	SH BEN INT	746853100
—	NUVEEN N Y MUN VALUE FD	710,955	$5,695	0.4%	$8.56	—	COM	67062M105
—	BLACKROCK INNOVATION AND GRW	775,844	$5,400	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	NUVEEN CALIFORNIA MUNI VLU F	649,425	$5,332	0.4%	$9.25	—	COM STK	67062C107
—	NUVEEN DOW 30 DYNMC OVERWRT	386,293	$5,292	0.4%	$13.72	—	SHS	67075F105
—	ROYCE MICRO-CAP TR INC	613,662	$5,081	0.4%	$7.85	—	COM	780915104
—	FRANKLIN LTD DURATION INCOME	828,367	$5,045	0.4%	$6.70	—	COM	35472T101
—	WESTERN ASSET HIGH INCOME OP	1,371,275	$4,991	0.4%	$4.22	—	COM	95766K109
—	BLACKROCK CR ALLOCATION INCO	491,366	$4,756	0.4%	$10.89	—	COM	092508100
—	NUVEEN MORTGAGE AND INCOME F	291,224	$4,625	0.3%	$16.43	—	COM	670735109
XMVFX	BLACKROCK MUNIVEST FD INC	745,588	$4,518	0.3%	$9.10	—	COM	09253R105
—	BLACKROCK FLOATING RATE INC	343,539	$4,143	0.3%	$11.01	—	COM	091941104
XNXNX	NUVEEN N Y SELECT TAX FREE I	348,794	$4,025	0.3%	$11.66	—	SH BEN INT	67063V104
—	DWS STRATEGIC MUN INCOME TR	524,375	$3,949	0.3%	$10.82	—	COM	23342Q101
—	NEUBERGER BERMAN MUN FD INC	426,212	$3,925	0.3%	$9.90	—	COM	64124P101
—	THORNBURG INCM BUILDER OPP T	256,012	$3,738	0.3%	$14.24	—	COM	885213108
—	VIRTUS GLOBAL MULTI-SECTOR I	508,624	$3,733	0.3%	$7.77	—	COM	92829B101
VMBS	VANGUARD SCOTTSDALE FDS	84,500	$3,699	0.3%	$46.24	—	MTG-BKD SECS ETF	92206C771
—	PUTNAM MASTER INTER INCOME T	1,215,005	$3,669	0.3%	$3.43	—	SH BEN INT	746909100
—	ALLSPRING UTILITIES AND HIGH	417,068	$3,645	0.3%	$10.40	—	WF UTILITIES INC	94987E109
—	BLACKROCK ESG CAP ALLC TERM	244,190	$3,612	0.3%	$15.93	—	SHS BEN INT	09262F100
—	FIRST TR MTG INCOME FD	317,926	$3,550	0.3%	$15.10	—	COM SHS	33734E103
—	ADAM NAT RES FD INC	151,587	$3,505	0.3%	$20.60	—	COM	00548F105
—	BLACKROCK HEALTH SCIENCES TR	88,092	$3,449	0.3%	$39.15	—	COM	09250W107
—	EATON VANCE TAX MNGED BUY WR	266,223	$3,357	0.3%	$12.67	—	COM	27828X100
XXCHNXX	CHINA FD INC	315,128	$3,331	0.2%	$15.95	—	COM	169373107
—	EATON VANCE TAX-ADVANTAGED G	155,600	$3,322	0.2%	$21.48	—	COM	27828U106
XBFZX	BLACKROCK CALIF MUN INCOME T	317,277	$3,265	0.2%	$13.23	—	SH BEN INT	09248E102
—	MEXICO FD INC	194,746	$3,207	0.2%	$15.54	—	COM	592835102
—	EATON VANCE FLTING RATE INC	257,352	$3,168	0.2%	$11.09	—	COM	278279104
—	BLACKROCK CAP ALLOCATION TER	214,200	$3,104	0.2%	$16.84	—	COM	09260U109
—	SPROTT FOCUS TR INC	409,935	$3,087	0.2%	$7.01	—	COM	85208J109
—	EATON VANCE MUNI INCOME TRUS	341,897	$3,046	0.2%	$12.11	—	SH BEN INT	27826U108
—	FEDERATED HERMES PREM MUNI I	317,397	$3,041	0.2%	$11.04	—	COM	31423P108
—	MORGAN STANLEY INDIA INVT FD	128,497	$2,872	0.2%	$19.09	—	COM	61745C105
BKLN	INVESCO EXCH TRADED FD TR II	134,900	$2,832	0.2%	$20.82	—	SR LN ETF	46138G508
—	ROYCE VALUE TR INC	217,402	$2,798	0.2%	$13.20	—	COM	780910105
—	FIRST TR HIGH YIELD OPPRT 20	197,900	$2,636	0.2%	$14.42	—	COM	33741Q107
—	WESTERN ASSET MUN PARTNERS F	248,128	$2,625	0.2%	$14.96	—	COM	95766P108
XMIOX	PIONEER MUN HIGH INCOME OPPO	272,247	$2,600	0.2%	$17.10	—	COMMON STOCK	723760104
—	SWISS HELVETIA FD INC	336,446	$2,570	0.2%	$11.23	—	COM	870875101
—	NUVEEN FLOATING RATE INCOME	312,970	$2,569	0.2%	$8.21	—	COM	67072T108
—	GAMCO NAT RES GOLD & INCOME	491,843	$2,430	0.2%	$4.73	—	SH BEN INT	36465E101
XLI	SELECT SECTOR SPDR TR	23,082	$2,340	0.2%	$98.93	—	INDL	81369Y704
XNDPX	TORTOISE ENERGY INDEPENDENC	69,984	$2,216	0.2%	$27.57	—	COM	89148K200
—	ALLIANCEBERNSTEIN NATL MUN I	236,109	$2,205	0.2%	$13.06	—	COM	01864U106
—	BLACKSTONE SENI FLTN RAT 202	165,200	$2,189	0.2%	$12.48	—	COM	09256U105
USHY	ISHARES TR	63,000	$2,187	0.2%	$34.71	—	BROAD USD HIGH	46435U853
—	EATON VANCE TAX-MANAGED GLOB	291,711	$2,150	0.2%	$7.68	—	COM	27829F108
—	BNY MELLON MUN INCOME INC	375,598	$2,130	0.2%	$6.83	—	COM	05589T104
—	EATON VANCE TAX-MANAGED GLOB	262,650	$2,007	0.2%	$7.64	—	COM	27829C105
—	SRH TOTAL RETURN FUND INC	153,303	$1,990	0.1%	$12.89	—	COM	101507101
—	EATON VANCE MUN INCOME 2028	105,116	$1,783	0.1%	$17.17	—	SHS	27829U105
—	LMP CAP & INCOME FD INC	137,305	$1,716	0.1%	$12.57	—	COM	50208A102
XEVMX	EATON VANCE CALIF MUN BD FD	197,854	$1,607	0.1%	$10.02	—	COM	27828A100
—	WESTERN ASSET HIGH YIELD DEF	135,571	$1,558	0.1%	$12.48	—	COM	95768B107
—	HANCOCK JOHN INVT TR	351,658	$1,547	0.1%	$4.74	—	TAX ADV GLB SH	41013P749
—	BLACKROCK MUN TARGET TERM TR	71,975	$1,397	0.1%	$20.20	—	COM SHS BEN IN	09257P105
—	BNY MELLON HIGH YIELD STRATE	630,310	$1,349	0.1%	$2.13	—	SH BEN INT	09660L105
XENWX	EATON VANCE NEW YORK MUN BD	162,052	$1,343	0.1%	$11.11	—	COM	27827Y109
—	MAINSTAY CBRE GBL INFRA MEG	107,982	$1,272	0.1%	$14.11	—	COM	56064Q107
XLP	SELECT SECTOR SPDR TR	16,000	$1,101	0.1%	$67.88	—	SBI CONS STPLS	81369Y308
—	RIVERNORTH DOUBLELINE STRATE	138,850	$1,098	0.1%	$8.64	—	COM	76882G107
—	TEMPLETON DRAGON FD INC	115,477	$986	0.1%	$16.09	—	COM	88018T101
—	MFS INVT GRADE MUN TR	131,735	$931	0.1%	$8.71	—	SH BEN INT	59318B108
—	EATON VANCE ENHANCED EQUITY	53,884	$926	0.1%	$17.75	—	COM	278277108
—	VOYA GLBL ADV & PREM OPP FD	102,238	$849	0.1%	$8.62	—	COM	92912R104
XPHDX	PIONEER FLOATING RATE FUND I	85,836	$773	0.1%	$8.85	—	COM	72369J102
—	GUGGENHEIM ACTIVE ALLOC FD	55,017	$743	0.1%	$13.63	—	COMMON STOCK	40170T106
XXHYBXX	NEW AMER HIGH INCOME FD INC	112,631	$730	0.1%	$6.48	—	COM NEW	641876800
LQD	ISHARES TR	7,000	$714	0.1%	$109.61	—	IBOXX INV CP ETF	464287242
—	NUVEEN REAL ESTATE INCOME FD	100,727	$675	0.1%	$8.89	—	COM	67071B108
—	VOYA GLBL EQTY DIV & PREM OP	119,546	$586	0.0%	$5.23	—	COM	92912T100
—	NUVEEN NASDAQ 100 DYNAMIC OV	24,430	$549	0.0%	$22.47	—	COM SHS	670699107
—	BLACKROCK ENERGY & RES TR	39,049	$512	0.0%	$10.78	—	COM	09250U101
—	MFS MULTIMARKET INCOME TR	84,890	$362	0.0%	$4.38	—	SH BEN INT	552737108
—	FLAHERTY & CRUMRINE PFD SECS	24,700	$320	0.0%	$12.97	—	COM	338478100
—	JOHN HANCOCK HEDGED EQUITY &	31,936	$306	0.0%	$9.57	—	COM	47804L102
—	NUVEEN CALIF SELECT TAX FREE	11,826	$144	0.0%	$13.03	—	SH BEN INT	67063R103