1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EWJ	ISHARES INC	1,209,283	$81,143	6.5%	$54.94	—	MSCI JPN ETF NEW	46434G822
BKLN	INVESCO EXCH TRADED FD TR II	3,338,600	$70,344	5.7%	$21.07	—	SR LN ETF	46138G508
USHY	ISHARES TR	1,668,600	$61,388	4.9%	$36.80	—	BROAD USD HIGH	46435U853
GOVT	ISHARES TR	2,558,892	$58,803	4.7%	$24.31	—	US TREAS BD ETF	46429B267
AGG	ISHARES TR	483,125	$46,815	3.8%	$96.90	—	CORE US AGGBD ET	464287226
BBJP	J P MORGAN EXCHANGE TRADED F	692,000	$37,984	3.1%	$56.19	—	BETABULDRS JAPAN	46641Q217
—	JAPAN SMALLER CAPITALIZATION	4,886,335	$37,478	3.0%	$8.92	—	COM	47109U104
EWL	ISHARES INC	801,914	$36,856	3.0%	$40.97	—	MSCI SWITZERLAND	464286749
IEF	ISHARES TR	370,611	$34,263	2.8%	$105.34	—	7-10 YR TRSY BD	464287440
—	PGIM SHORT DUR HIG YLD OPP F	1,954,798	$31,511	2.5%	$16.48	—	COM	69355J104
EZU	ISHARES INC	570,741	$26,939	2.2%	$40.06	—	MSCI EURZONE ETF	464286608
—	NUVEEN MUN VALUE FD INC	2,655,203	$22,808	1.8%	$9.02	—	COM	670928100
—	EATON VANCE TAX-MANAGED GLOB	2,650,494	$21,655	1.7%	$8.04	—	COM	27829F108
—	GENERAL AMERN INVS CO INC	419,306	$21,389	1.7%	$34.47	—	COM	368802104
—	MFS INTER INCOME TR	7,575,555	$20,151	1.6%	$2.97	—	SH BEN INT	55273C107
VMBS	VANGUARD SCOTTSDALE FDS	415,055	$18,819	1.5%	$45.68	—	MTG-BKD SECS ETF	92206C771
—	WESTERN AST INFL LKD OPP & I	2,112,328	$17,469	1.4%	$9.93	—	COM	95766R104
—	NUVEEN NASDAQ 100 DYNAMIC OV	644,987	$17,447	1.4%	$24.88	—	COM SHS	670699107
—	WESTERN ASSET MANAGED MUNS F	1,695,366	$17,293	1.4%	$11.09	—	COM	95766M105
—	ABRDN EMRG MKTS EQTY INCM FD	3,295,495	$17,104	1.4%	$6.75	—	COM	00301W105
—	NUVEEN AMT-FREE MUN VALUE FD	1,254,393	$17,035	1.4%	$14.96	—	COM	670695105
XJEQX	ABRDN JAPAN EQUITY FUND INC	2,909,956	$16,732	1.3%	$7.06	—	COM	00306J109
—	BLACKROCK ENHANCED GLOBAL DI	1,446,729	$15,581	1.3%	$12.49	—	COM	092501105
—	ADAMS DIVERSIFIED EQUITY FD	746,861	$15,087	1.2%	$15.42	—	COM	006212104
—	EUROPEAN EQUITY FD INC	1,816,430	$14,788	1.2%	$7.75	—	COM	298768102
—	EATON VANCE TAX ADVT DIV INC	587,126	$14,120	1.1%	$23.89	—	COM	27828G107
—	BLACKROCK SCIENCE & TECHNOLO	382,122	$13,970	1.1%	$35.96	—	SHS	09258G104
—	DWS MUN INCOME TR NEW	1,409,479	$13,320	1.1%	$10.89	—	COM	233368109
LQD	ISHARES TR	120,350	$12,858	1.0%	$106.84	—	IBOXX INV CP ETF	464287242
—	SRH TOTAL RETURN FUND INC	788,578	$12,633	1.0%	$14.58	—	COM	101507101
—	HANCOCK JOHN INCOME SECS TR	1,112,680	$12,456	1.0%	$12.61	—	COM	410123103
—	NEW GERMANY FD INC	1,596,923	$12,456	1.0%	$14.52	—	COM	644465106
—	MORGAN STANLEY CHINA A SH FD	940,097	$11,714	0.9%	$23.37	—	COM	617468103
—	TEMPLETON EMERGING MKTS FD	979,172	$11,701	0.9%	$14.54	—	COM	880191101
—	BLACKROCK HEALTH SCIENCES TE	802,679	$11,559	0.9%	$17.70	—	COM SHS	09260E105
—	NEUBERGER BERMAN MUN FD INC	1,086,362	$11,244	0.9%	$10.32	—	COM	64124P101
XXINSIXX	INSIGHT SELECT INCOME FD	631,939	$10,952	0.9%	$16.87	—	COM	45781W109
—	TCW STRATEGIC INCOME FD INC	2,202,483	$10,594	0.9%	$4.76	—	COM	872340104
—	TAIWAN FD INC	269,820	$10,429	0.8%	$18.57	—	COM	874036106
—	ABRDN AUSTRALIA EQUITY FD IN	2,301,525	$9,644	0.8%	$4.51	—	COM	003011103
—	EATON VANCE NATL MUN OPPORT	580,520	$9,555	0.8%	$17.46	—	COM SHS	27829L105
—	BLACKROCK ENHANCED INTL DIV	1,754,366	$9,316	0.7%	$5.77	—	COM BENE INTER	092524107
—	NUVEEN SELECT MAT MUN FD	1,021,532	$8,898	0.7%	$9.00	—	SH BEN INT	67061T101
—	GABELLI DIVID & INCOME TR	355,605	$8,588	0.7%	$20.49	—	COM	36242H104
—	WESTERN ASSET INVESTMENT GRA	662,505	$8,288	0.7%	$12.38	—	COM	95766T100
—	CENTRAL SECS CORP	177,482	$8,109	0.7%	$26.00	—	COM	155123102
—	HANCOCK JOHN INVT TR II	536,545	$7,340	0.6%	$12.88	—	COM	410142103
—	ALLSPRING MULTI SECTOR INCOM	783,438	$7,200	0.6%	$9.22	—	COM	94987D101
—	MFS GOVT MKTS INCOME TR	2,296,908	$7,052	0.6%	$3.44	—	SH BEN INT	552939100
—	PUTNAM PREMIER INCOME TR	1,961,373	$6,982	0.6%	$3.71	—	SH BEN INT	746853100
—	BLACKROCK HEALTH SCIENCES TR	176,012	$6,676	0.5%	$40.51	—	COM	09250W107
—	BLACKROCK MUN TARGET TERM TR	315,019	$6,486	0.5%	$20.62	—	COM SHS BEN IN	09257P105
—	VOYA EMERGING MKTS HIGH DIVI	1,279,435	$6,410	0.5%	$7.41	—	COM	92912P108
—	EATON VANCE TAX-ADVANTAGED G	248,949	$6,288	0.5%	$23.02	—	COM	27828U106
—	EATON VANCE TX ADV GLBL DIV	342,801	$6,249	0.5%	$17.70	—	COM	27828S101
—	KOREA FD INC	326,923	$6,029	0.5%	$34.43	—	COM NEW	500634209
—	EATON VANCE TAX MNGED BUY WR	401,835	$6,028	0.5%	$13.16	—	COM	27828X100
—	NUVEEN N Y MUN VALUE FD	705,978	$5,678	0.5%	$8.50	—	COM	67062M105
—	BROOKFIELD REAL ASSETS INCOM	415,520	$5,535	0.4%	$13.47	—	SHS BEN INT	112830104
SRLN	SSGA ACTIVE ETF TR	130,958	$5,465	0.4%	$41.73	—	BLACKSTONE SENR	78467V608
—	EATON VANCE TAX-MANAGED GLOB	608,109	$5,120	0.4%	$7.96	—	COM	27829C105
—	WESTERN ASSET INTER MUNI FD	627,499	$4,857	0.4%	$8.77	—	COM	958435109
—	FLAHERTY & CRUMRINE PFD SECS	310,250	$4,818	0.4%	$15.36	—	COM	338478100
—	NUVEEN DOW 30 DYNMC OVERWRT	289,771	$4,364	0.4%	$13.90	—	SHS	67075F105
SPY	SPDR S&P 500 ETF TR	7,265	$4,258	0.3%	$573.76	—	TR UNIT	78462F103
—	LIBERTY ALL-STAR GROWTH FD I	732,060	$4,136	0.3%	$5.54	—	COM	529900102
XMVFX	BLACKROCK MUNIVEST FD INC	551,113	$3,880	0.3%	$8.52	—	COM	09253R105
—	ALLSPRING UTILITIES AND HIGH	360,064	$3,860	0.3%	$10.33	—	WF UTILITIES INC	94987E109
—	NUVEEN S&P 500 DYNAMIC OVERW	208,686	$3,704	0.3%	$16.17	—	COM	6706EW100
—	PUTNAM MUN OPPORTUNITIES TR	362,681	$3,674	0.3%	$10.63	—	SH BEN INT	746922103
—	WESTERN ASSET PREMIER BD FD	333,247	$3,589	0.3%	$12.81	—	SHS BEN INT	957664105
—	VIRTUS DIVIDEND INTEREST & P	281,178	$3,551	0.3%	$13.49	—	COM	92840R101
—	VIRTUS GLOBAL MULTI-SECTOR I	462,083	$3,530	0.3%	$7.72	—	COM	92829B101
—	PUTNAM MASTER INTER INCOME T	1,065,778	$3,474	0.3%	$3.34	—	SH BEN INT	746909100
—	SWISS HELVETIA FD INC	459,592	$3,442	0.3%	$10.42	—	COM	870875101
—	BLACKROCK SCIENCE & TECHNOLO	160,857	$3,331	0.3%	$23.46	—	SHS BEN INT	09260K101
XXCHNXX	CHINA FD INC	276,146	$3,294	0.3%	$15.58	—	COM	169373107
—	MEXICO FD INC	246,686	$3,256	0.3%	$14.98	—	COM	592835102
—	ABRDN LIFE SCIENCES INVESTOR	247,147	$3,243	0.3%	$14.05	—	SH BEN INT	87911K100
—	NUVEEN MULTI-MKT INCOME FD	524,932	$3,176	0.3%	$7.13	—	COM	67075J107
—	CLOUGH GLOBAL EQUITY FD	466,061	$3,104	0.2%	$6.75	—	COM	18914C100
XNXNX	NUVEEN N Y SELECT TAX FREE I	273,085	$3,100	0.2%	$11.60	—	SH BEN INT	67063V104
—	NUVEEN CALIFORNIA MUNI VLU F	364,971	$3,084	0.2%	$9.12	—	COM STK	67062C107
—	ALLSPRING GLOBAL DIVIDEND OP	562,546	$2,796	0.2%	$4.84	—	COM	94987C103
—	NUVEEN MUN INCOME FD INC	288,375	$2,714	0.2%	$9.38	—	COM	67062J102
XLI	SELECT SECTOR SPDR TR	18,000	$2,372	0.2%	$131.76	—	INDL	81369Y704
—	DTF TAX-FREE INCOME 2028 TER	210,636	$2,362	0.2%	$13.73	—	COM	23334J107
—	BLACKROCK TAX MUNICPAL BD TR	144,100	$2,323	0.2%	$16.12	—	SHS	09248X100
—	SPROTT FOCUS TR INC	310,073	$2,268	0.2%	$7.06	—	COM	85208J109
—	BLACKROCK MUNI INCOME TR II	212,930	$2,238	0.2%	$10.51	—	COM	09249N101
XEGFX	BLACKROCK ENHANCED GOVT FD I	220,343	$2,140	0.2%	$12.31	—	COM	09255K108
—	FIRST TR SR FLTG RATE INCOME	201,208	$2,083	0.2%	$9.67	—	COM	33733U108
—	ABRDN INCOME CREDIT STRATEGI	337,051	$2,012	0.2%	$5.97	—	COM	003057106
—	BLACKROCK INNOVATION AND GRW	265,940	$1,979	0.2%	$8.71	—	SHS BEN INT	09260Q108
—	BNY MELLON HIGH YIELD STRATE	713,713	$1,820	0.1%	$2.36	—	SH BEN INT	09660L105
—	MFS MULTIMARKET INCOME TR	366,188	$1,717	0.1%	$4.60	—	SH BEN INT	552737108
—	GAMCO NAT RES GOLD & INCOME	291,402	$1,542	0.1%	$4.74	—	SH BEN INT	36465E101
—	WESTERN ASSET INVT GRADE OPP	92,900	$1,515	0.1%	$17.66	—	COM	95790A101
TPZ	TORTOISE CAPITAL SERIES TRUS	75,319	$1,511	0.1%	$20.07	—	POWER ENRGY INFR	890930100
—	BLACKROCK ENHANCD CAP & INM	73,452	$1,476	0.1%	$19.76	—	COM	09256A109
—	ROYCE MICRO-CAP TR INC	149,985	$1,462	0.1%	$7.85	—	COM	780915104
—	RIVERNORTH DOUBLELINE STRATE	174,450	$1,455	0.1%	$8.52	—	COM	76882G107
—	ADAM NAT RES FD INC	61,634	$1,340	0.1%	$20.60	—	COM	00548F105
—	FRANKLIN LTD DURATION INCOME	192,438	$1,276	0.1%	$6.65	—	COM	35472T101
—	BNY MELLON STRATEGIC MUNS IN	206,145	$1,245	0.1%	$6.51	—	COM	05588W108
—	MORGAN STANLEY INDIA INVT FD	44,771	$1,131	0.1%	$19.37	—	COM	61745C105
—	FIRST TR MTG INCOME FD	92,352	$1,107	0.1%	$15.10	—	COM SHS	33734E103
—	BNY MELLON STRATEGIC MUN BD	184,401	$1,071	0.1%	$6.23	—	COM	09662E109
—	BNY MELLON MUN INCOME INC	147,316	$1,046	0.1%	$6.83	—	COM	05589T104
XXHYBXX	NEW AMER HIGH INCOME FD INC	127,850	$1,045	0.1%	$6.68	—	COM NEW	641876800
—	JOHN HANCOCK HEDGED EQUITY &	100,502	$1,026	0.1%	$10.06	—	COM	47804L102
—	HANCOCK JOHN TAX-ADVANTAGED	39,929	$879	0.1%	$23.22	—	COM	41013V100
—	FIRST TR HIGH YIELD OPPRT 20	58,182	$842	0.1%	$14.37	—	COM	33741Q107
—	WESTERN ASSET HIGH YIELD DEF	70,828	$837	0.1%	$12.48	—	COM	95768B107
—	FEDERATED HERMES PREM MUNI I	76,060	$830	0.1%	$11.04	—	COM	31423P108
—	ALLIANCEBERNSTEIN NATL MUN I	73,010	$794	0.1%	$12.86	—	COM	01864U106
—	BNY MELLON MUN BD INFRASTRUC	76,177	$788	0.1%	$11.16	—	COM SHS	09662W109
—	TEMPLETON DRAGON FD INC	90,596	$769	0.1%	$16.09	—	COM	88018T101
—	LAZARD GLOBAL TOTAL RETURN &	46,640	$745	0.1%	$15.42	—	COM	52106W103
XEVMX	EATON VANCE CALIF MUN BD FD	78,950	$724	0.1%	$10.02	—	COM	27828A100
—	EATON VANCE ENHANCED EQUITY	28,410	$680	0.1%	$19.33	—	COM	278277108
—	ABRDN TOTAL DYNAMIC DIVIDEND	69,762	$587	0.0%	$8.62	—	COM SH BEN INT	00326L100
—	CALAMOS GBL DYN INCOME FUND	79,769	$538	0.0%	$6.75	—	COM	12811L107
—	CLOUGH GLOBAL OPPORTUNITIES	104,131	$533	0.0%	$5.36	—	SH BEN INT	18914E106
—	NEUBERGER BERMAN NEXT GENERA	39,288	$501	0.0%	$11.92	—	COMMON STOCK	64133Q108
XENWX	EATON VANCE NEW YORK MUN BD	44,081	$420	0.0%	$11.11	—	COM	27827Y109
—	ROYCE SMALL CAP TRUST INC	24,006	$379	0.0%	$13.26	—	COM	780910105
—	THORNBURG INCM BUILDER OPP T	21,404	$348	0.0%	$14.24	—	COM	885213108
—	WSTRN AST GLBL CORP OPP FD I	28,400	$322	0.0%	$11.33	—	COM	95790C107
—	INDIA FD INC	20,000	$315	0.0%	$15.75	—	COM	454089103
—	WESTERN ASSET MUN HIGH INCOM	24,976	$170	0.0%	$6.43	—	COM	95766N103