1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	2,178,506	$155,436	12.7%	$54.94	—	MSCI JPN ETF NEW	46434G822
EWL	ISHARES INC	1,037,708	$49,395	4.0%	$40.97	—	MSCI SWITZERLAND	464286749
—	GENERAL AMERN INVS CO INC	919,065	$42,746	3.5%	$34.47	—	COM	368802104
—	JAPAN SMALLER CAPITALIZATION	5,021,647	$40,073	3.3%	$8.95	—	COM	47109U104
—	ADAMS DIVERSIFIED EQUITY FD	1,886,865	$36,832	3.0%	$14.17	—	COM	006212104
EZU	ISHARES INC	573,166	$29,266	2.4%	$37.29	—	MSCI EURZONE ETF	464286608
EFA	ISHARES TR	327,625	$26,164	2.1%	$79.86	—	MSCI EAFE ETF	464287465
IEF	ISHARES TR	243,046	$23,007	1.9%	$111.93	—	7-10 YR TRSY BD	464287440
—	BLACKROCK HEALTH SCIENCES TE	1,342,765	$22,008	1.8%	$17.70	—	COM SHS	09260E105
—	BLACKROCK ENHANCED GLOBAL DI	2,063,979	$21,589	1.8%	$12.49	—	COM	092501105
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,241,181	$20,193	1.6%	$7.06	—	COM	00306J109
—	EATON VANCE TAX-MANAGED GLOB	2,454,136	$20,026	1.6%	$7.96	—	COM	27829F108
—	TAIWAN FD INC	494,624	$19,597	1.6%	$18.57	—	COM	874036106
—	NUVEEN MUN VALUE FD INC	2,229,310	$19,417	1.6%	$9.13	—	COM	670928100
GOVT	ISHARES TR	818,142	$18,629	1.5%	$27.11	—	US TREAS BD ETF	46429B267
—	GABELLI DIVID & INCOME TR	804,703	$18,492	1.5%	$20.49	—	COM	36242H104
BBJP	J P MORGAN EXCHANGE TRADED F	313,650	$18,364	1.5%	$52.52	—	BETABULDRS JAPAN	46641Q217
—	ABRDN EMRG MKTS EQTY INCM FD	3,607,665	$18,219	1.5%	$6.75	—	COM	00301W105
—	EUROPEAN EQUITY FD INC	1,901,566	$16,943	1.4%	$7.75	—	COM	298768102
—	MFS INTER INCOME TR	5,784,070	$15,386	1.3%	$3.09	—	SH BEN INT	55273C107
—	BLACKROCK SCIENCE & TECHNOLO	744,967	$14,452	1.2%	$23.46	—	SHS BEN INT	09260K101
—	NEW GERMANY FD INC	1,651,669	$14,386	1.2%	$14.71	—	COM	644465106
—	VIRTUS DIVIDEND INTEREST & P	1,123,899	$14,363	1.2%	$13.49	—	COM	92840R101
—	DWS MUN INCOME TR NEW	1,555,340	$14,045	1.1%	$10.97	—	COM	233368109
—	CENTRAL SECS CORP	332,725	$13,898	1.1%	$26.00	—	COM	155123102
—	NUVEEN AMT-FREE MUN VALUE FD	1,018,417	$13,749	1.1%	$15.34	—	COM	670695105
—	PGIM SHORT DUR HIG YLD OPP F	879,824	$13,532	1.1%	$16.97	—	COM	69355J104
—	NEUBERGER BERMAN NEXT GENERA	1,148,413	$13,494	1.1%	$11.92	—	COMMON STOCK	64133Q108
VMBS	VANGUARD SCOTTSDALE FDS	293,030	$13,365	1.1%	$45.95	—	MTG-BKD SECS ETF	92206C771
—	BLACKROCK ENHANCED INTL DIV	2,286,818	$12,646	1.0%	$5.77	—	COM BENE INTER	092524107
—	TEMPLETON EMERGING MKTS FD	1,050,009	$12,537	1.0%	$14.54	—	COM	880191101
—	MORGAN STANLEY CHINA A SH FD	984,826	$11,857	1.0%	$23.47	—	COM	617468103
—	WESTERN ASSET MANAGED MUNS F	1,073,805	$11,221	0.9%	$11.76	—	COM	95766M105
—	KOREA FD INC	434,428	$11,048	0.9%	$34.43	—	COM NEW	500634209
—	EATON VANCE TX ADV GLBL DIV	590,297	$10,773	0.9%	$17.56	—	COM	27828S101
—	WESTERN AST INFL LKD OPP & I	1,190,760	$10,276	0.8%	$11.58	—	COM	95766R104
BKLN	INVESCO EXCH TRADED FD TR II	481,200	$10,177	0.8%	$21.07	—	SR LN ETF	46138G508
—	WESTERN ASSET INVT GRADE DEF	583,755	$10,093	0.8%	$17.66	—	COM	95790A101
—	ABRDN HEALTHCARE OPPORTUNITI	494,351	$9,936	0.8%	$18.86	—	SHS	879105104
—	EATON VANCE TAX MNGED BUY WR	720,305	$9,832	0.8%	$13.10	—	COM	27828X100
XHIEX	MILLER HOWARD HIGH INC EQTY	868,667	$9,634	0.8%	$8.97	—	COM SHS BEN IN	600379101
XXINSIXX	INSIGHT SELECT INCOME FD	578,519	$9,540	0.8%	$16.80	—	COM	45781W109
—	NUVEEN NASDAQ 100 DYNAMIC OV	385,351	$9,302	0.8%	$23.79	—	COM SHS	670699107
—	ABRDN AUSTRALIA EQUITY FD IN	2,162,754	$9,213	0.8%	$4.52	—	COM	003011103
—	NUVEEN DOW 30 DYNMC OVERWRT	613,363	$8,992	0.7%	$13.90	—	SHS	67075F105
—	HANCOCK JOHN INCOME SECS TR	789,707	$8,829	0.7%	$13.23	—	COM	410123103
—	EATON VANCE NATL MUN OPPORT	496,009	$8,229	0.7%	$17.47	—	COM SHS	27829L105
—	NUVEEN CORE PLUS IMPACT FUND	769,607	$7,965	0.6%	$17.91	—	COM BEN INT	67080D103
—	MFS GOVT MKTS INCOME TR	2,468,818	$7,900	0.6%	$3.44	—	SH BEN INT	552939100
—	NUVEEN SELECT MAT MUN FD	803,567	$7,224	0.6%	$9.08	—	SH BEN INT	67061T101
—	VOYA EMERGING MKTS HIGH DIVI	1,354,978	$7,141	0.6%	$7.46	—	COM	92912P108
—	WESTERN ASSET INTER MUNI FD	883,873	$7,000	0.6%	$8.77	—	COM	958435109
—	INVESCO BD FD	437,774	$6,851	0.6%	$16.88	—	COM	46132L107
—	WESTERN ASSET INVESTMENT GRA	538,866	$6,569	0.5%	$12.34	—	COM	95766T100
—	ABRDN LIFE SCIENCES INVESTOR	481,379	$6,561	0.5%	$14.05	—	SH BEN INT	87911K100
—	SRH TOTAL RETURN FUND INC	432,926	$6,520	0.5%	$14.18	—	COM	101507101
—	WESTERN ASSET DIVERSIFIED IN	431,580	$6,236	0.5%	$17.42	—	COM SHS BEN INT	95790K109
—	WESTERN ASSET MUN HIGH INCOM	910,424	$6,182	0.5%	$6.43	—	COM	95766N103
—	TCW STRATEGIC INCOME FD INC	1,276,719	$6,141	0.5%	$4.76	—	COM	872340104
—	FIRST TR SR FLTG RATE INCOME	563,485	$5,832	0.5%	$9.67	—	COM	33733U108
—	NUVEEN N Y MUN VALUE FD	667,327	$5,552	0.5%	$8.53	—	COM	67062M105
—	EATON VANCE TAX ADVT DIV INC	234,420	$5,532	0.5%	$23.60	—	COM	27828G107
—	HANCOCK JOHN INVT TR II	415,980	$5,487	0.4%	$12.54	—	COM	410142103
—	BLACKROCK INNOVATION AND GRW	655,942	$5,339	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	BLACKROCK HEALTH SCIENCES TR	123,477	$5,117	0.4%	$39.79	—	COM	09250W107
—	NUVEEN MUN INCOME FD INC	525,083	$4,962	0.4%	$9.37	—	COM	67062J102
—	NEUBERGER BERMAN MUN FD INC	468,410	$4,904	0.4%	$9.95	—	COM	64124P101
—	CREDIT SUISSE HIGH YIELD BD	2,358,544	$4,764	0.4%	$2.21	—	SH BEN INT	22544F103
—	EATON VANCE TAX-ADVANTAGED G	187,572	$4,686	0.4%	$21.96	—	COM	27828U106
—	EATON VANCE TAX-MANAGED GLOB	530,661	$4,351	0.4%	$7.82	—	COM	27829C105
XEGFX	BLACKROCK ENHANCED GOVT FD I	448,447	$4,256	0.3%	$12.31	—	COM	09255K108
—	ROYCE MICRO-CAP TR INC	445,270	$4,208	0.3%	$7.85	—	COM	780915104
—	ALLSPRING UTILITIES AND HIGH	445,064	$4,201	0.3%	$10.33	—	WF UTILITIES INC	94987E109
—	DTF TAX-FREE INCOME 2028 TER	381,594	$4,102	0.3%	$13.73	—	COM	23334J107
—	WESTERN ASSET PREMIER BD FD	384,722	$4,093	0.3%	$12.81	—	SHS BEN INT	957664105
—	PUTNAM PREMIER INCOME TR	1,108,294	$3,901	0.3%	$3.86	—	SH BEN INT	746853100
—	NUVEEN CALIFORNIA MUNI VLU F	419,227	$3,773	0.3%	$9.25	—	COM STK	67062C107
—	BLACKROCK MUN TARGET TERM TR	176,635	$3,720	0.3%	$20.64	—	COM SHS BEN IN	09257P105
—	THORNBURG INCM BUILDER OPP T	222,351	$3,595	0.3%	$14.24	—	COM	885213108
—	FEDERATED HERMES PREM MUNI I	317,397	$3,514	0.3%	$11.04	—	COM	31423P108
XXCHNXX	CHINA FD INC	333,822	$3,335	0.3%	$15.58	—	COM	169373107
—	EATON VANCE ENHANCED EQUITY	165,210	$3,332	0.3%	$18.85	—	COM	278277108
—	FIRST TR HIGH YIELD OPPRT 20	228,915	$3,328	0.3%	$14.37	—	COM	33741Q107
—	NUVEEN MULTI-MKT INCOME FD	544,382	$3,315	0.3%	$7.15	—	COM	67075J107
—	FRANKLIN LTD DURATION INCOME	526,267	$3,300	0.3%	$6.67	—	COM	35472T101
—	SPROTT FOCUS TR INC	402,027	$3,232	0.3%	$7.01	—	COM	85208J109
—	DWS STRATEGIC MUN INCOME TR	356,857	$3,190	0.3%	$10.82	—	COM	23342Q101
—	ADAM NAT RES FD INC	138,143	$3,186	0.3%	$20.60	—	COM	00548F105
—	MORGAN STANLEY INDIA INVT FD	138,489	$3,177	0.3%	$19.27	—	COM	61745C105
—	WESTERN ASSET HIGH INCOME OP	797,975	$3,112	0.3%	$4.22	—	COM	95766K109
XMVFX	BLACKROCK MUNIVEST FD INC	433,258	$3,059	0.2%	$9.10	—	COM	09253R105
—	SWISS HELVETIA FD INC	352,012	$2,791	0.2%	$11.12	—	COM	870875101
—	NUVEEN FLOATING RATE INCOME	308,997	$2,698	0.2%	$8.22	—	COM	67072T108
XNDPX	TORTOISE ENERGY INDEPENDENC	79,261	$2,673	0.2%	$27.70	—	COM	89148K200
XNXNX	NUVEEN N Y SELECT TAX FREE I	228,846	$2,664	0.2%	$11.66	—	SH BEN INT	67063V104
—	BNY MELLON MUN INCOME INC	375,598	$2,565	0.2%	$6.83	—	COM	05589T104
—	GAMCO NAT RES GOLD & INCOME	465,593	$2,426	0.2%	$4.74	—	SH BEN INT	36465E101
—	NUVEEN MORTGAGE AND INCOME F	130,042	$2,310	0.2%	$16.43	—	COM	670735109
—	MEXICO FD INC	119,954	$2,306	0.2%	$15.54	—	COM	592835102
USHY	ISHARES TR	63,000	$2,305	0.2%	$34.71	—	BROAD USD HIGH	46435U853
—	EATON VANCE MUN INCOME 2028	128,856	$2,299	0.2%	$17.20	—	SHS	27829U105
—	BNY MELLON HIGH YIELD STRATE	867,864	$2,100	0.2%	$2.20	—	SH BEN INT	09660L105
—	PUTNAM MASTER INTER INCOME T	640,052	$2,048	0.2%	$3.41	—	SH BEN INT	746909100
—	EATON VANCE MUNI INCOME TRUS	199,754	$2,047	0.2%	$12.11	—	SH BEN INT	27826U108
—	VIRTUS GLOBAL MULTI-SECTOR I	266,774	$2,043	0.2%	$7.78	—	COM	92829B101
—	BLACKROCK CR ALLOCATION INCO	185,816	$1,986	0.2%	$10.82	—	COM	092508100
—	ABRDN GLOBAL INFRA INCOME FU	111,520	$1,979	0.2%	$17.96	—	COM SHS BEN INT	00326W106
—	ROYCE VALUE TR INC	129,867	$1,970	0.2%	$13.26	—	COM	780910105
XMIOX	PIONEER MUN HIGH INCOME OPPO	163,047	$1,844	0.2%	$17.10	—	COMMON STOCK	723760104
—	FIRST TR MTG INCOME FD	143,119	$1,742	0.1%	$15.10	—	COM SHS	33734E103
XEVMX	EATON VANCE CALIF MUN BD FD	175,514	$1,659	0.1%	$10.02	—	COM	27828A100
—	HANCOCK JOHN INVT TR	312,903	$1,638	0.1%	$4.74	—	TAX ADV GLB SH	41013P749
—	WESTERN ASSET HIGH YIELD DEF	135,571	$1,621	0.1%	$12.48	—	COM	95768B107
—	LIBERTY ALL-STAR GROWTH FD I	292,115	$1,604	0.1%	$5.47	—	COM	529900102
XENWX	EATON VANCE NEW YORK MUN BD	161,352	$1,567	0.1%	$11.11	—	COM	27827Y109
—	ALLSPRING GLOBAL DIVIDEND OP	301,945	$1,449	0.1%	$4.69	—	COM	94987C103
—	BLACKROCK CAP ALLOCATION TER	83,928	$1,398	0.1%	$16.84	—	COM	09260U109
—	NUVEEN S&P 500 DYNAMIC OVERW	87,002	$1,363	0.1%	$15.67	—	COM	6706EW100
—	GUGGENHEIM ACTIVE ALLOC FD	90,442	$1,330	0.1%	$14.04	—	COMMON STOCK	40170T106
—	EATON VANCE LTD DURATION INC	136,400	$1,330	0.1%	$9.58	—	COM	27828H105
—	ALLIANCEBERNSTEIN NATL MUN I	115,998	$1,275	0.1%	$13.06	—	COM	01864U106
—	RIVERNORTH DOUBLELINE STRATE	147,850	$1,274	0.1%	$8.62	—	COM	76882G107
XXHYBXX	NEW AMER HIGH INCOME FD INC	162,059	$1,180	0.1%	$6.67	—	COM NEW	641876800
—	BLACKSTONE SENI FLTN RAT 202	80,721	$1,157	0.1%	$12.48	—	COM	09256U105
—	LAZARD GLOBAL TOTAL RETURN &	59,536	$972	0.1%	$15.42	—	COM	52106W103
—	MFS MULTIMARKET INCOME TR	196,775	$911	0.1%	$4.52	—	SH BEN INT	552737108
—	NUVEEN REAL ESTATE INCOME FD	100,727	$796	0.1%	$8.89	—	COM	67071B108
—	NUVEEN CALIF SELECT TAX FREE	58,217	$782	0.1%	$12.84	—	SH BEN INT	67063R103
—	MAINSTAY MACKAY DEFINEDTERM	45,260	$740	0.1%	$16.25	—	COM	56064K100
—	TEMPLETON DRAGON FD INC	90,596	$712	0.1%	$16.09	—	COM	88018T101
—	VOYA GLBL EQTY DIV & PREM OP	128,741	$682	0.1%	$5.22	—	COM	92912T100
—	FLAHERTY & CRUMRINE PFD SECS	45,262	$672	0.1%	$13.72	—	COM	338478100
—	JOHN HANCOCK HEDGED EQUITY &	61,666	$647	0.1%	$9.80	—	COM	47804L102
EWG	ISHARES INC	20,100	$638	0.1%	$28.46	—	MSCI GERMANY ETF	464286806
—	ABRDN TOTAL DYNAMIC DIVIDEND	72,062	$597	0.0%	$8.61	—	COM SH BEN INT	00326L100
—	VOYA GLBL ADV & PREM OPP FD	40,170	$363	0.0%	$8.62	—	COM	92912R104
—	LMP CAP & INCOME FD INC	10,711	$168	0.0%	$12.57	—	COM	50208A102
—	VOYA ASIA PAC HIGH DIV EQT I	20,831	$132	0.0%	$6.33	—	COM	92912J102