1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	1,999,206	$136,426	12.2%	$54.94	—	MSCI JPN ETF NEW	46434G822
EWL	ISHARES INC	948,508	$45,728	4.1%	$40.97	—	MSCI SWITZERLAND	464286749
—	GENERAL AMERN INVS CO INC	784,090	$38,985	3.5%	$34.47	—	COM	368802104
—	JAPAN SMALLER CAPITALIZATION	5,084,807	$38,543	3.5%	$8.93	—	COM	47109U104
—	ADAMS DIVERSIFIED EQUITY FD	1,543,286	$33,165	3.0%	$14.17	—	COM	006212104
EZU	ISHARES INC	515,766	$25,182	2.3%	$37.29	—	MSCI EURZONE ETF	464286608
IEF	ISHARES TR	243,046	$22,761	2.0%	$111.93	—	7-10 YR TRSY BD	464287440
—	EATON VANCE TAX-MANAGED GLOB	2,660,272	$22,479	2.0%	$8.00	—	COM	27829F108
—	BLACKROCK ENHANCED GLOBAL DI	1,968,113	$20,882	1.9%	$12.49	—	COM	092501105
BBJP	J P MORGAN EXCHANGE TRADED F	356,050	$20,092	1.8%	$52.99	—	BETABULDRS JAPAN	46641Q217
—	NUVEEN MUN VALUE FD INC	2,217,018	$19,133	1.7%	$9.13	—	COM	670928100
—	ABRDN EMRG MKTS EQTY INCM FD	3,514,040	$18,558	1.7%	$6.75	—	COM	00301W105
XJEQX	ABRDN JAPAN EQUITY FUND INC	3,141,941	$18,443	1.7%	$7.06	—	COM	00306J109
GOVT	ISHARES TR	816,542	$18,429	1.7%	$27.11	—	US TREAS BD ETF	46429B267
—	BLACKROCK HEALTH SCIENCES TE	1,178,500	$18,102	1.6%	$17.70	—	COM SHS	09260E105
—	EUROPEAN EQUITY FD INC	1,868,314	$16,781	1.5%	$7.75	—	COM	298768102
—	TAIWAN FD INC	377,180	$16,573	1.5%	$18.57	—	COM	874036106
—	GABELLI DIVID & INCOME TR	673,380	$15,292	1.4%	$20.49	—	COM	36242H104
—	MFS INTER INCOME TR	5,571,962	$14,821	1.3%	$3.09	—	SH BEN INT	55273C107
—	PGIM SHORT DUR HIG YLD OPP F	923,424	$14,156	1.3%	$16.90	—	COM	69355J104
—	BLACKROCK SCIENCE & TECHNOLO	701,342	$13,964	1.3%	$23.46	—	SHS BEN INT	09260K101
—	NEW GERMANY FD INC	1,700,883	$13,837	1.2%	$14.52	—	COM	644465106
—	DWS MUN INCOME TR NEW	1,454,149	$13,771	1.2%	$10.97	—	COM	233368109
—	NUVEEN AMT-FREE MUN VALUE FD	990,171	$13,744	1.2%	$15.34	—	COM	670695105
—	TEMPLETON EMERGING MKTS FD	1,048,592	$12,961	1.2%	$14.54	—	COM	880191101
—	NUVEEN NASDAQ 100 DYNAMIC OV	498,726	$12,508	1.1%	$24.08	—	COM SHS	670699107
—	CENTRAL SECS CORP	283,535	$12,481	1.1%	$26.00	—	COM	155123102
—	BLACKROCK ENHANCED INTL DIV	2,230,354	$12,445	1.1%	$5.77	—	COM BENE INTER	092524107
BKLN	INVESCO EXCH TRADED FD TR II	548,200	$11,534	1.0%	$21.07	—	SR LN ETF	46138G508
—	VIRTUS DIVIDEND INTEREST & P	926,351	$11,376	1.0%	$13.49	—	COM	92840R101
—	MORGAN STANLEY CHINA A SH FD	964,674	$11,335	1.0%	$23.47	—	COM	617468103
—	EATON VANCE TX ADV GLBL DIV	602,012	$11,203	1.0%	$17.59	—	COM	27828S101
—	WESTERN ASSET MANAGED MUNS F	1,016,962	$10,526	0.9%	$11.76	—	COM	95766M105
VMBS	VANGUARD SCOTTSDALE FDS	229,530	$10,421	0.9%	$45.95	—	MTG-BKD SECS ETF	92206C771
—	KOREA FD INC	422,670	$10,199	0.9%	$34.43	—	COM NEW	500634209
—	WESTERN ASSET INVT GRADE DEF	570,855	$9,750	0.9%	$17.66	—	COM	95790A101
—	ABRDN AUSTRALIA EQUITY FD IN	2,217,768	$9,603	0.9%	$4.51	—	COM	003011103
—	SRH TOTAL RETURN FUND INC	643,736	$9,366	0.8%	$14.30	—	COM	101507101
—	BLACKROCK HEALTH SCIENCES TR	227,794	$9,305	0.8%	$40.27	—	COM	09250W107
—	WESTERN AST INFL LKD OPP & I	1,084,960	$9,233	0.8%	$11.58	—	COM	95766R104
—	EATON VANCE NATL MUN OPPORT	544,510	$9,170	0.8%	$17.41	—	COM SHS	27829L105
—	EATON VANCE TAX MNGED BUY WR	635,135	$8,968	0.8%	$13.10	—	COM	27828X100
XXINSIXX	INSIGHT SELECT INCOME FD	544,582	$8,887	0.8%	$16.80	—	COM	45781W109
—	TCW STRATEGIC INCOME FD INC	1,842,236	$8,732	0.8%	$4.75	—	COM	872340104
—	HANCOCK JOHN INCOME SECS TR	773,503	$8,431	0.8%	$13.23	—	COM	410123103
—	EATON VANCE TAX ADVT DIV INC	360,131	$8,387	0.8%	$23.49	—	COM	27828G107
XHIEX	MILLER HOWARD HIGH INC EQTY	735,810	$8,248	0.7%	$8.97	—	COM SHS BEN IN	600379101
—	NUVEEN DOW 30 DYNMC OVERWRT	542,253	$7,597	0.7%	$13.90	—	SHS	67075F105
—	VOYA EMERGING MKTS HIGH DIVI	1,389,250	$7,474	0.7%	$7.41	—	COM	92912P108
—	MFS GOVT MKTS INCOME TR	2,349,621	$7,213	0.6%	$3.44	—	SH BEN INT	552939100
—	NUVEEN CORE PLUS IMPACT FUND	653,553	$7,111	0.6%	$17.91	—	COM BEN INT	67080D103
—	NEUBERGER BERMAN MUN FD INC	662,718	$7,078	0.6%	$10.16	—	COM	64124P101
—	NUVEEN SELECT MAT MUN FD	780,293	$7,054	0.6%	$9.08	—	SH BEN INT	67061T101
—	WESTERN ASSET INTER MUNI FD	786,857	$6,185	0.6%	$8.77	—	COM	958435109
—	WESTERN ASSET INVESTMENT GRA	494,312	$5,971	0.5%	$12.34	—	COM	95766T100
—	ABRDN LIFE SCIENCES INVESTOR	419,279	$5,941	0.5%	$14.05	—	SH BEN INT	87911K100
—	INVESCO BD FD	365,704	$5,866	0.5%	$16.88	—	COM	46132L107
—	NEUBERGER BERMAN NEXT GENERA	451,109	$5,824	0.5%	$11.92	—	COMMON STOCK	64133Q108
—	WESTERN ASSET MUN HIGH INCOM	858,312	$5,819	0.5%	$6.43	—	COM	95766N103
—	NUVEEN N Y MUN VALUE FD	667,327	$5,532	0.5%	$8.53	—	COM	67062M105
—	EATON VANCE TAX-ADVANTAGED G	199,916	$5,098	0.5%	$22.18	—	COM	27828U106
—	HANCOCK JOHN INVT TR II	377,935	$5,027	0.5%	$12.54	—	COM	410142103
—	NUVEEN MUN INCOME FD INC	499,469	$4,897	0.4%	$9.37	—	COM	67062J102
—	EATON VANCE ENHANCED EQUITY	197,498	$4,302	0.4%	$19.33	—	COM	278277108
—	EATON VANCE TAX-MANAGED GLOB	507,061	$4,193	0.4%	$7.82	—	COM	27829C105
—	BLACKROCK INNOVATION AND GRW	563,269	$4,072	0.4%	$8.71	—	SHS BEN INT	09260Q108
—	NUVEEN S&P 500 DYNAMIC OVERW	244,771	$3,997	0.4%	$16.10	—	COM	6706EW100
—	ALLSPRING UTILITIES AND HIGH	398,075	$3,909	0.4%	$10.33	—	WF UTILITIES INC	94987E109
—	DTF TAX-FREE INCOME 2028 TER	353,601	$3,875	0.3%	$13.73	—	COM	23334J107
—	MORGAN STANLEY INDIA INVT FD	140,289	$3,753	0.3%	$19.37	—	COM	61745C105
—	CREDIT SUISSE HIGH YIELD BD	1,849,624	$3,736	0.3%	$2.21	—	SH BEN INT	22544F103
—	FIRST TR SR FLTG RATE INCOME	366,313	$3,692	0.3%	$9.67	—	COM	33733U108
—	WESTERN ASSET PREMIER BD FD	348,215	$3,653	0.3%	$12.81	—	SHS BEN INT	957664105
—	PUTNAM PREMIER INCOME TR	1,013,394	$3,628	0.3%	$3.86	—	SH BEN INT	746853100
—	FEDERATED HERMES PREM MUNI I	317,397	$3,628	0.3%	$11.04	—	COM	31423P108
XEGFX	BLACKROCK ENHANCED GOVT FD I	386,547	$3,610	0.3%	$12.31	—	COM	09255K108
—	FRANKLIN LTD DURATION INCOME	558,159	$3,539	0.3%	$6.65	—	COM	35472T101
—	NUVEEN CALIFORNIA MUNI VLU F	407,927	$3,537	0.3%	$9.25	—	COM STK	67062C107
—	BLACKROCK MUN TARGET TERM TR	169,235	$3,515	0.3%	$20.64	—	COM SHS BEN IN	09257P105
—	DWS STRATEGIC MUN INCOME TR	355,657	$3,507	0.3%	$10.82	—	COM	23342Q101
XMVFX	BLACKROCK MUNIVEST FD INC	435,660	$3,124	0.3%	$9.10	—	COM	09253R105
—	THORNBURG INCM BUILDER OPP T	192,100	$3,099	0.3%	$14.24	—	COM	885213108
—	NUVEEN MULTI-MKT INCOME FD	516,382	$3,083	0.3%	$7.15	—	COM	67075J107
—	SWISS HELVETIA FD INC	363,863	$2,936	0.3%	$11.02	—	COM	870875101
XXCHNXX	CHINA FD INC	289,465	$2,929	0.3%	$15.58	—	COM	169373107
—	ROYCE MICRO-CAP TR INC	316,001	$2,904	0.3%	$7.85	—	COM	780915104
—	ABRDN HEALTHCARE OPPORTUNITI	139,741	$2,848	0.3%	$18.86	—	SHS	879105104
—	ADAM NAT RES FD INC	120,358	$2,842	0.3%	$20.60	—	COM	00548F105
—	BNY MELLON MUN INCOME INC	375,598	$2,701	0.2%	$6.83	—	COM	05589T104
—	FIRST TR HIGH YIELD OPPRT 20	185,427	$2,655	0.2%	$14.37	—	COM	33741Q107
—	WESTERN ASSET HIGH INCOME OP	695,175	$2,649	0.2%	$4.22	—	COM	95766K109
XNXNX	NUVEEN N Y SELECT TAX FREE I	219,827	$2,572	0.2%	$11.66	—	SH BEN INT	67063V104
—	SPROTT FOCUS TR INC	333,819	$2,497	0.2%	$7.01	—	COM	85208J109
XNDPX	TORTOISE ENERGY INDEPENDENC	62,741	$2,271	0.2%	$27.70	—	COM	89148K200
—	VIRTUS GLOBAL MULTI-SECTOR I	277,582	$2,101	0.2%	$7.77	—	COM	92829B101
—	GAMCO NAT RES GOLD & INCOME	382,475	$2,100	0.2%	$4.74	—	SH BEN INT	36465E101
—	EATON VANCE MUNI INCOME TRUS	198,959	$2,059	0.2%	$12.11	—	SH BEN INT	27826U108
—	NUVEEN MORTGAGE AND INCOME F	113,395	$2,043	0.2%	$16.43	—	COM	670735109
—	MEXICO FD INC	127,554	$2,041	0.2%	$15.57	—	COM	592835102
—	LIBERTY ALL-STAR GROWTH FD I	378,921	$2,023	0.2%	$5.44	—	COM	529900102
—	PUTNAM MASTER INTER INCOME T	594,316	$1,917	0.2%	$3.41	—	SH BEN INT	746909100
—	EATON VANCE MUN INCOME 2028	101,629	$1,900	0.2%	$17.20	—	SHS	27829U105
—	NUVEEN FLOATING RATE INCOME	198,197	$1,714	0.2%	$8.22	—	COM	67072T108
—	BLACKROCK CR ALLOCATION INCO	156,579	$1,677	0.2%	$10.82	—	COM	092508100
XEVMX	EATON VANCE CALIF MUN BD FD	175,514	$1,669	0.1%	$10.02	—	COM	27828A100
—	BNY MELLON HIGH YIELD STRATE	686,631	$1,655	0.1%	$2.20	—	SH BEN INT	09660L105
—	ROYCE SMALL CAP TRUST INC	111,288	$1,610	0.1%	$13.26	—	COM	780910105
XENWX	EATON VANCE NEW YORK MUN BD	161,352	$1,591	0.1%	$11.11	—	COM	27827Y109
—	ALLSPRING MULTI SECTOR INCOM	174,800	$1,570	0.1%	$8.98	—	COM	94987D101
—	ALLSPRING GLOBAL DIVIDEND OP	301,445	$1,465	0.1%	$4.69	—	COM	94987C103
—	FIRST TR MTG INCOME FD	110,619	$1,320	0.1%	$15.10	—	COM SHS	33734E103
—	WESTERN ASSET HIGH YIELD DEF	108,485	$1,258	0.1%	$12.48	—	COM	95768B107
—	EATON VANCE LTD DURATION INC	123,000	$1,198	0.1%	$9.58	—	COM	27828H105
—	GUGGENHEIM ACTIVE ALLOC FD	80,004	$1,194	0.1%	$14.04	—	COMMON STOCK	40170T106
—	BLACKROCK TAX MUNICPAL BD TR	69,794	$1,141	0.1%	$16.35	—	SHS	09248X100
—	NUVEEN TAXABLE MUNICPAL INM	73,562	$1,141	0.1%	$15.51	—	COM	67074C103
—	RIVERNORTH DOUBLELINE STRATE	114,550	$991	0.1%	$8.62	—	COM	76882G107
—	MFS MULTIMARKET INCOME TR	204,427	$957	0.1%	$4.52	—	SH BEN INT	552737108
XXHYBXX	NEW AMER HIGH INCOME FD INC	126,499	$927	0.1%	$6.67	—	COM NEW	641876800
—	NUVEEN CALIF SELECT TAX FREE	71,045	$921	0.1%	$12.86	—	SH BEN INT	67063R103
—	LAZARD GLOBAL TOTAL RETURN &	50,740	$845	0.1%	$15.42	—	COM	52106W103
—	ALLIANCEBERNSTEIN NATL MUN I	68,610	$762	0.1%	$13.06	—	COM	01864U106
—	BLACKSTONE SENI FLTN RAT 202	51,973	$728	0.1%	$12.48	—	COM	09256U105
—	TEMPLETON DRAGON FD INC	90,596	$727	0.1%	$16.09	—	COM	88018T101
—	MAINSTAY MACKAY DEFINEDTERM	42,660	$707	0.1%	$16.25	—	COM	56064K100
—	FLAHERTY & CRUMRINE PFD SECS	47,566	$704	0.1%	$13.77	—	COM	338478100
—	VOYA GLBL EQTY DIV & PREM OP	125,291	$644	0.1%	$5.22	—	COM	92912T100
—	NUVEEN REAL ESTATE INCOME FD	84,127	$643	0.1%	$8.89	—	COM	67071B108
—	JOHN HANCOCK HEDGED EQUITY &	60,316	$627	0.1%	$9.80	—	COM	47804L102
—	ABRDN TOTAL DYNAMIC DIVIDEND	72,062	$606	0.1%	$8.61	—	COM SH BEN INT	00326L100
—	INVESCO MUN OPPORTUNITY TR	46,060	$464	0.0%	$10.08	—	COM	46132C107
—	WESTERN ASSET DIVERSIFIED IN	31,280	$451	0.0%	$17.42	—	COM SHS BEN INT	95790K109
—	VOYA GLBL ADV & PREM OPP FD	27,432	$243	0.0%	$8.62	—	COM	92912R104
—	CLOUGH GLOBAL EQUITY FD	10,029	$70	0.0%	$6.97	—	COM	18914C100