1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	2,209,600	$141,724	9.9%	$54.94	—	MSCI JPN ETF NEW	46434G822
EWL	ISHARES INC	1,335,558	$64,467	4.5%	$40.97	—	MSCI SWITZERLAND	464286749
IEF	ISHARES TR	645,800	$62,249	4.4%	$111.93	—	7-10 YR TRSY BD	464287440
GOVT	ISHARES TR	1,959,634	$45,150	3.2%	$27.11	—	US TREAS BD ETF	46429B267
—	GENERAL AMERN INVS CO INC	916,865	$39,379	2.8%	$34.47	—	COM	368802104
—	JAPAN SMALLER CAPITALIZATION	5,053,077	$38,353	2.7%	$8.95	—	COM	47109U104
—	ADAMS DIVERSIFIED EQUITY FD	1,998,821	$35,399	2.5%	$14.17	—	COM	006212104
—	NUVEEN MUN VALUE FD INC	3,405,045	$29,283	2.1%	$9.13	—	COM	670928100
EZU	ISHARES INC	601,916	$28,555	2.0%	$37.29	—	MSCI EURZONE ETF	464286608
—	MFS INTER INCOME TR	10,104,432	$27,080	1.9%	$3.09	—	SH BEN INT	55273C107
—	WESTERN ASSET INVT GRADE DEF	1,355,326	$23,827	1.7%	$17.66	—	COM	95790A101
—	TAIWAN FD INC	662,740	$22,924	1.6%	$18.57	—	COM	874036106
—	BLACKROCK HEALTH SCIENCES TE	1,558,331	$22,830	1.6%	$17.70	—	COM SHS	09260E105
—	PGIM SHORT DUR HIG YLD OPP F	1,521,424	$22,821	1.6%	$16.97	—	COM	69355J104
—	WESTERN ASSET DIVERSIFIED IN	1,522,145	$21,462	1.5%	$17.42	—	COM SHS BEN INT	95790K109
—	BLACKROCK ENHANCED GLOBAL DI	2,162,109	$21,448	1.5%	$12.49	—	COM	092501105
—	DWS MUN INCOME TR NEW	2,398,845	$21,326	1.5%	$10.97	—	COM	233368109
—	NUVEEN AMT-FREE MUN VALUE FD	1,533,697	$20,904	1.5%	$15.34	—	COM	670695105
XXINSIXX	INSIGHT SELECT INCOME FD	1,302,040	$20,794	1.5%	$16.80	—	COM	45781W109
—	WESTERN AST INFL LKD OPP & I	2,382,760	$20,659	1.4%	$11.58	—	COM	95766R104
—	ABRDN EMRG MKTS EQTY INCM FD	3,685,080	$18,831	1.3%	$6.75	—	COM	00301W105
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,269,810	$18,769	1.3%	$7.06	—	COM	00306J109
—	WESTERN ASSET MANAGED MUNS F	1,709,753	$17,388	1.2%	$11.76	—	COM	95766M105
—	MORGAN STANLEY CHINA A SH FD	1,341,937	$17,096	1.2%	$23.47	—	COM	617468103
—	GABELLI DIVID & INCOME TR	784,003	$16,966	1.2%	$20.43	—	COM	36242H104
BBJP	J P MORGAN EXCHANGE TRADED F	320,000	$16,806	1.2%	$52.52	—	BETABULDRS JAPAN	46641Q217
—	EUROPEAN EQUITY FD INC	1,913,209	$16,492	1.2%	$7.75	—	COM	298768102
—	MFS GOVT MKTS INCOME TR	4,970,962	$15,808	1.1%	$3.44	—	SH BEN INT	552939100
—	NUVEEN CORE PLUS IMPACT FUND	1,544,807	$15,572	1.1%	$17.91	—	COM BEN INT	67080D103
—	VIRTUS DIVIDEND INTEREST & P	1,142,986	$14,402	1.0%	$13.49	—	COM	92840R101
—	NEW GERMANY FD INC	1,630,423	$14,250	1.0%	$14.79	—	COM	644465106
—	TEMPLETON EMERGING MKTS FD	1,079,809	$12,612	0.9%	$14.54	—	COM	880191101
—	BLACKROCK ENHANCED INTL DIV	2,388,718	$12,589	0.9%	$5.77	—	COM BENE INTER	092524107
—	BLACKROCK SCIENCE & TECHNOLO	736,194	$12,302	0.9%	$23.51	—	SHS BEN INT	09260K101
—	CENTRAL SECS CORP	321,221	$12,133	0.9%	$25.44	—	COM	155123102
—	NEUBERGER BERMAN NEXT GENERA	1,081,969	$11,826	0.8%	$11.93	—	COMMON STOCK	64133Q108
—	WESTERN ASSET INVESTMENT GRA	881,739	$10,616	0.7%	$12.34	—	COM	95766T100
—	KOREA FD INC	451,816	$10,572	0.7%	$34.43	—	COM NEW	500634209
—	WESTERN ASSET INTER MUNI FD	1,363,762	$10,501	0.7%	$8.77	—	COM	958435109
—	NUVEEN SELECT MAT MUN FD	1,188,726	$10,485	0.7%	$9.08	—	SH BEN INT	67061T101
—	HANCOCK JOHN INCOME SECS TR	944,758	$10,279	0.7%	$13.23	—	COM	410123103
—	HANCOCK JOHN INVT TR II	766,901	$9,924	0.7%	$12.54	—	COM	410142103
—	TCW STRATEGIC INCOME FD INC	2,140,869	$9,827	0.7%	$4.76	—	COM	872340104
—	EATON VANCE NATL MUN OPPORT	555,531	$9,400	0.7%	$17.47	—	COM SHS	27829L105
XHIEX	MILLER HOWARD HIGH INC EQTY	867,167	$9,201	0.6%	$8.97	—	COM SHS BEN IN	600379101
—	INVESCO BD FD	596,579	$9,074	0.6%	$16.88	—	COM	46132L107
—	ABRDN HEALTHCARE OPPORTUNITI	474,494	$8,593	0.6%	$18.80	—	SHS	879105104
—	WESTERN ASSET PREMIER BD FD	793,609	$8,571	0.6%	$12.81	—	SHS BEN INT	957664105
—	EATON VANCE TAX-MANAGED GLOB	1,076,042	$8,307	0.6%	$7.71	—	COM	27829F108
—	ABRDN GLOBAL INFRA INCOME FU	451,085	$8,092	0.6%	$17.96	—	COM SHS BEN INT	00326W106
—	ABRDN AUSTRALIA EQUITY FD IN	1,808,980	$7,833	0.5%	$4.57	—	COM	003011103
XEGFX	BLACKROCK ENHANCED GOVT FD I	788,746	$7,678	0.5%	$12.31	—	COM	09255K108
—	WESTERN ASSET MUN HIGH INCOM	1,192,313	$7,655	0.5%	$6.43	—	COM	95766N103
—	CREDIT SUISSE HIGH YIELD BD	3,829,144	$7,582	0.5%	$2.21	—	SH BEN INT	22544F103
—	NUVEEN DOW 30 DYNMC OVERWRT	539,894	$7,559	0.5%	$13.80	—	SHS	67075F105
—	VOYA EMERGING MKTS HIGH DIVI	1,368,302	$7,238	0.5%	$7.46	—	COM	92912P108
—	NUVEEN MUN INCOME FD INC	785,667	$7,228	0.5%	$9.37	—	COM	67062J102
BKLN	INVESCO EXCH TRADED FD TR II	328,200	$6,951	0.5%	$21.03	—	SR LN ETF	46138G508
—	BLACKROCK HEALTH SCIENCES TR	171,742	$6,949	0.5%	$39.79	—	COM	09250W107
VMBS	VANGUARD SCOTTSDALE FDS	148,100	$6,866	0.5%	$46.29	—	MTG-BKD SECS ETF	92206C771
—	FIRST TR SR FLTG RATE INCOME	677,415	$6,835	0.5%	$9.67	—	COM	33733U108
EWG	ISHARES INC	229,400	$6,811	0.5%	$28.46	—	MSCI GERMANY ETF	464286806
—	NUVEEN MULTI-MKT INCOME FD	1,147,489	$6,782	0.5%	$7.15	—	COM	67075J107
—	NUVEEN N Y MUN VALUE FD	797,958	$6,607	0.5%	$8.53	—	COM	67062M105
—	ABRDN LIFE SCIENCES INVESTOR	480,179	$6,463	0.5%	$14.05	—	SH BEN INT	87911K100
—	PUTNAM PREMIER INCOME TR	1,735,894	$6,197	0.4%	$3.86	—	SH BEN INT	746853100
—	EATON VANCE TAX MNGED BUY WR	473,593	$6,147	0.4%	$12.81	—	COM	27828X100
—	EATON VANCE TX ADV GLBL DIV	351,735	$6,015	0.4%	$17.10	—	COM	27828S101
—	DTF TAX-FREE INCOME 2028 TER	558,446	$6,003	0.4%	$13.73	—	COM	23334J107
—	BLACKROCK CR ALLOCATION INCO	562,466	$5,805	0.4%	$10.82	—	COM	092508100
—	BLACKROCK MUN TARGET TERM TR	273,728	$5,694	0.4%	$20.64	—	COM SHS BEN IN	09257P105
—	ROYCE MICRO-CAP TR INC	607,962	$5,618	0.4%	$7.85	—	COM	780915104
—	NUVEEN CALIFORNIA MUNI VLU F	620,973	$5,564	0.4%	$9.25	—	COM STK	67062C107
—	FRANKLIN LTD DURATION INCOME	888,067	$5,524	0.4%	$6.67	—	COM	35472T101
—	BLACKROCK INNOVATION AND GRW	744,776	$5,459	0.4%	$8.71	—	SHS BEN INT	09260Q108
XMVFX	BLACKROCK MUNIVEST FD INC	740,088	$5,269	0.4%	$9.10	—	COM	09253R105
—	WESTERN ASSET HIGH INCOME OP	1,361,175	$5,254	0.4%	$4.22	—	COM	95766K109
—	NUVEEN FLOATING RATE INCOME	632,570	$5,200	0.4%	$8.22	—	COM	67072T108
—	NEUBERGER BERMAN MUN FD INC	451,212	$4,670	0.3%	$9.93	—	COM	64124P101
—	VIRTUS GLOBAL MULTI-SECTOR I	586,724	$4,594	0.3%	$7.78	—	COM	92829B101
—	DWS STRATEGIC MUN INCOME TR	521,275	$4,509	0.3%	$10.82	—	COM	23342Q101
—	ABRDN TOTAL DYNAMIC DIVIDEND	522,196	$4,209	0.3%	$8.61	—	COM SH BEN INT	00326L100
—	PUTNAM MASTER INTER INCOME T	1,307,386	$4,171	0.3%	$3.41	—	SH BEN INT	746909100
—	ALLSPRING UTILITIES AND HIGH	445,064	$4,099	0.3%	$10.33	—	WF UTILITIES INC	94987E109
XNXNX	NUVEEN N Y SELECT TAX FREE I	348,394	$4,094	0.3%	$11.66	—	SH BEN INT	67063V104
—	EATON VANCE TAX-ADVANTAGED G	172,658	$4,082	0.3%	$21.70	—	COM	27828U106
—	NUVEEN MORTGAGE AND INCOME F	234,824	$3,964	0.3%	$16.43	—	COM	670735109
—	THORNBURG INCM BUILDER OPP T	248,297	$3,851	0.3%	$14.24	—	COM	885213108
—	FIRST TR MTG INCOME FD	311,226	$3,772	0.3%	$15.10	—	COM SHS	33734E103
—	MEXICO FD INC	185,281	$3,535	0.2%	$15.54	—	COM	592835102
—	FEDERATED HERMES PREM MUNI I	317,397	$3,488	0.2%	$11.04	—	COM	31423P108
XXCHNXX	CHINA FD INC	336,422	$3,418	0.2%	$15.58	—	COM	169373107
—	EATON VANCE MUNI INCOME TRUS	339,815	$3,337	0.2%	$12.11	—	SH BEN INT	27826U108
—	ROYCE VALUE TR INC	226,792	$3,302	0.2%	$13.26	—	COM	780910105
—	SPROTT FOCUS TR INC	409,935	$3,279	0.2%	$7.01	—	COM	85208J109
—	FIRST TR HIGH YIELD OPPRT 20	222,900	$3,105	0.2%	$14.36	—	COM	33741Q107
—	EATON VANCE TAX-MANAGED GLOB	393,517	$3,058	0.2%	$7.68	—	COM	27829C105
—	ADAM NAT RES FD INC	146,708	$3,027	0.2%	$20.60	—	COM	00548F105
—	MORGAN STANLEY INDIA INVT FD	139,406	$2,993	0.2%	$19.27	—	COM	61745C105
XMIOX	PIONEER MUN HIGH INCOME OPPO	272,247	$2,878	0.2%	$17.10	—	COMMON STOCK	723760104
—	SWISS HELVETIA FD INC	349,903	$2,869	0.2%	$11.12	—	COM	870875101
—	BLACKROCK CAP ALLOCATION TER	187,328	$2,801	0.2%	$16.84	—	COM	09260U109
—	NUVEEN NASDAQ 100 DYNAMIC OV	119,105	$2,757	0.2%	$23.01	—	COM SHS	670699107
—	SRH TOTAL RETURN FUND INC	192,445	$2,669	0.2%	$13.09	—	COM	101507101
—	EATON VANCE LTD DURATION INC	271,000	$2,596	0.2%	$9.58	—	COM	27828H105
—	ALLIANCEBERNSTEIN NATL MUN I	233,909	$2,536	0.2%	$13.06	—	COM	01864U106
—	BNY MELLON MUN INCOME INC	375,598	$2,441	0.2%	$6.83	—	COM	05589T104
—	GAMCO NAT RES GOLD & INCOME	459,893	$2,364	0.2%	$4.73	—	SH BEN INT	36465E101
USHY	ISHARES TR	63,000	$2,290	0.2%	$34.71	—	BROAD USD HIGH	46435U853
XNDPX	TORTOISE ENERGY INDEPENDENC	79,261	$2,272	0.2%	$27.70	—	COM	89148K200
—	EATON VANCE MUN INCOME 2028	130,130	$2,256	0.2%	$17.20	—	SHS	27829U105
—	BLACKSTONE SENI FLTN RAT 202	165,200	$2,205	0.2%	$12.48	—	COM	09256U105
—	EATON VANCE ENHANCED EQUITY	114,649	$2,146	0.2%	$18.26	—	COM	278277108
—	MFS MULTIMARKET INCOME TR	432,171	$1,966	0.1%	$4.52	—	SH BEN INT	552737108
XEVMX	EATON VANCE CALIF MUN BD FD	197,854	$1,810	0.1%	$10.02	—	COM	27828A100
—	WESTERN ASSET HIGH YIELD DEF	135,571	$1,639	0.1%	$12.48	—	COM	95768B107
—	BNY MELLON HIGH YIELD STRATE	709,874	$1,626	0.1%	$2.15	—	SH BEN INT	09660L105
—	HANCOCK JOHN INVT TR	311,902	$1,594	0.1%	$4.74	—	TAX ADV GLB SH	41013P749
XENWX	EATON VANCE NEW YORK MUN BD	162,052	$1,564	0.1%	$11.11	—	COM	27827Y109
—	MAINSTAY MACKAY DEFINEDTERM	92,563	$1,504	0.1%	$16.25	—	COM	56064K100
—	RIVERNORTH DOUBLELINE STRATE	147,850	$1,236	0.1%	$8.62	—	COM	76882G107
—	GUGGENHEIM ACTIVE ALLOC FD	74,845	$1,097	0.1%	$13.90	—	COMMON STOCK	40170T106
—	BLACKROCK FLOATING RATE INC	86,639	$1,073	0.1%	$11.01	—	COM	091941104
XXHYBXX	NEW AMER HIGH INCOME FD INC	150,406	$1,059	0.1%	$6.62	—	COM NEW	641876800
—	MAINSTAY CBRE GBL INFRA MEG	77,282	$1,003	0.1%	$14.11	—	COM	56064Q107
—	LAZARD GLOBAL TOTAL RETURN &	53,636	$822	0.1%	$15.32	—	COM	52106W103
—	NUVEEN REAL ESTATE INCOME FD	100,727	$788	0.1%	$8.89	—	COM	67071B108
—	TEMPLETON DRAGON FD INC	91,596	$748	0.1%	$16.09	—	COM	88018T101
—	NUVEEN CALIF SELECT TAX FREE	58,217	$745	0.1%	$12.84	—	SH BEN INT	67063R103
—	BLACKROCK ESG CAP ALLC TERM	41,449	$669	0.0%	$15.93	—	SHS BEN INT	09262F100
—	VOYA GLBL EQTY DIV & PREM OP	126,941	$631	0.0%	$5.22	—	COM	92912T100
—	JOHN HANCOCK HEDGED EQUITY &	61,666	$620	0.0%	$9.80	—	COM	47804L102
—	VOYA GLBL ADV & PREM OPP FD	53,141	$453	0.0%	$8.62	—	COM	92912R104
—	BLACKROCK ENERGY & RES TR	34,949	$435	0.0%	$10.78	—	COM	09250U101
—	FLAHERTY & CRUMRINE PFD SECS	29,700	$413	0.0%	$13.13	—	COM	338478100
—	ALLSPRING GLOBAL DIVIDEND OP	70,721	$307	0.0%	$4.34	—	COM	94987C103
—	LMP CAP & INCOME FD INC	20,986	$294	0.0%	$12.57	—	COM	50208A102
—	LIBERTY ALL-STAR GROWTH FD I	30,927	$163	0.0%	$5.28	—	COM	529900102
XPHDX	PIONEER FLOATING RATE FUND I	14,336	$131	0.0%	$8.85	—	COM	72369J102