1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BKLN	INVESCO EXCH TRADED FD TR II	4,138,600	$85,669	6.9%	$21.00	—	SR LN ETF	46138G508
USHY	ISHARES TR	2,090,600	$76,955	6.2%	$36.80	—	BROAD USD HIGH	46435U853
EWJ	ISHARES INC	996,332	$68,309	5.5%	$54.94	—	MSCI JPN ETF NEW	46434G822
GOVT	ISHARES TR	2,908,892	$66,861	5.4%	$24.15	—	US TREAS BD ETF	46429B267
AGG	ISHARES TR	583,255	$57,696	4.6%	$97.25	—	CORE US AGGBD ET	464287226
EZU	ISHARES INC	806,641	$42,954	3.5%	$43.91	—	MSCI EURZONE ETF	464286608
BBJP	J P MORGAN EXCHANGE TRADED F	699,390	$39,257	3.2%	$56.19	—	BETABULDRS JAPAN	46641Q217
EWL	ISHARES INC	747,314	$38,703	3.1%	$40.97	—	MSCI SWITZERLAND	464286749
—	JAPAN SMALLER CAPITALIZATION	4,568,762	$38,332	3.1%	$8.92	—	COM	47109U104
IEF	ISHARES TR	370,611	$35,345	2.8%	$105.34	—	7-10 YR TRSY BD	464287440
—	PGIM SHORT DUR HIG YLD OPP F	1,950,698	$32,148	2.6%	$16.48	—	COM	69355J104
—	NUVEEN MUN VALUE FD INC	2,718,221	$23,839	1.9%	$9.01	—	COM	670928100
VMBS	VANGUARD SCOTTSDALE FDS	508,455	$23,547	1.9%	$45.80	—	MTG-BKD SECS ETF	92206C771
—	MFS INTER INCOME TR	7,370,555	$19,827	1.6%	$2.97	—	SH BEN INT	55273C107
—	EATON VANCE TAX-MANAGED GLOB	2,207,936	$17,973	1.4%	$8.04	—	COM	27829F108
—	WESTERN ASSET MANAGED MUNS F	1,743,089	$17,936	1.4%	$11.07	—	COM	95766M105
—	NUVEEN AMT-FREE MUN VALUE FD	1,303,138	$17,905	1.4%	$14.91	—	COM	670695105
XJEQX	ABRDN JAPAN EQUITY FUND INC	2,685,181	$17,459	1.4%	$7.06	—	COM	00306J109
—	WESTERN AST INFL LKD OPP & I	1,927,128	$16,939	1.4%	$9.93	—	COM	95766R104
—	GENERAL AMERN INVS CO INC	324,542	$16,347	1.3%	$34.47	—	COM	368802104
—	EUROPEAN EQUITY FD INC	1,781,798	$16,214	1.3%	$7.75	—	COM	298768102
—	NEW GERMANY FD INC	1,523,705	$14,948	1.2%	$14.52	—	COM	644465106
—	HANCOCK JOHN INCOME SECS TR	1,269,180	$14,393	1.2%	$12.45	—	COM	410123103
LQD	ISHARES TR	127,800	$13,891	1.1%	$106.95	—	IBOXX INV CP ETF	464287242
—	DWS MUN INCOME TR NEW	1,476,480	$13,849	1.1%	$10.82	—	COM	233368109
—	SRH TOTAL RETURN FUND INC	785,460	$13,549	1.1%	$14.58	—	COM	101507101
—	BLACKROCK ENHANCED GLOBAL DI	1,236,314	$13,414	1.1%	$12.49	—	COM	092501105
—	TCW STRATEGIC INCOME FD INC	2,670,304	$12,978	1.0%	$4.78	—	COM	872340104
—	EATON VANCE TAX ADVT DIV INC	551,772	$12,840	1.0%	$23.89	—	COM	27828G107
—	ADAMS DIVERSIFIED EQUITY FD	653,135	$12,403	1.0%	$15.42	—	COM	006212104
—	NUVEEN NASDAQ 100 DYNAMIC OV	516,931	$12,277	1.0%	$24.88	—	COM SHS	670699107
—	NEUBERGER BERMAN MUN FD INC	1,153,319	$11,995	1.0%	$10.33	—	COM	64124P101
—	BLACKROCK HEALTH SCIENCES TE	759,827	$11,321	0.9%	$17.70	—	COM SHS	09260E105
—	TEMPLETON EMERGING MKTS FD	813,154	$10,449	0.8%	$14.54	—	COM	880191101
—	BLACKROCK SCIENCE & TECHNOLO	311,561	$10,278	0.8%	$35.96	—	SHS	09258G104
—	EATON VANCE NATL MUN OPPORT	595,920	$9,922	0.8%	$17.44	—	COM SHS	27829L105
—	MORGAN STANLEY CHINA A SH FD	744,800	$9,742	0.8%	$23.37	—	COM	617468103
—	ABRDN EMERGING MARKETS EX CH	1,936,636	$9,606	0.8%	$6.75	—	COM	00301W105
—	NUVEEN SELECT MAT MUN FD	1,029,818	$9,598	0.8%	$9.00	—	SH BEN INT	67061T101
—	ABRDN AUSTRALIA EQUITY FD IN	2,283,372	$9,202	0.7%	$4.51	—	COM	003011103
—	KKR INCOME OPPORTUNITIES FD	729,483	$8,965	0.7%	$12.29	—	COM	48249T106
—	WESTERN ASSET INVESTMENT GRA	666,405	$8,563	0.7%	$12.38	—	COM	95766T100
—	BLACKROCK ENHANCED INTL DIV	1,514,043	$8,494	0.7%	$5.77	—	COM BENE INTER	092524107
—	PUTNAM PREMIER INCOME TR	2,190,650	$7,908	0.6%	$3.70	—	SH BEN INT	746853100
—	HANCOCK JOHN INVT TR II	552,045	$7,491	0.6%	$12.90	—	COM	410142103
—	MFS GOVT MKTS INCOME TR	2,298,108	$7,285	0.6%	$3.44	—	SH BEN INT	552939100
—	ALLSPRING MULTI SECTOR INCOM	758,838	$6,996	0.6%	$9.22	—	COM	94987D101
—	BLACKROCK MUN TARGET TERM TR	327,919	$6,962	0.6%	$20.64	—	COM SHS BEN IN	09257P105
—	CENTRAL SECS CORP	145,018	$6,520	0.5%	$26.00	—	COM	155123102
—	EATON VANCE TAX-ADVANTAGED G	255,176	$6,270	0.5%	$23.06	—	COM	27828U106
—	BROOKFIELD REAL ASSETS INCOM	460,320	$6,058	0.5%	$13.44	—	SHS BEN INT	112830104
—	NUVEEN N Y MUN VALUE FD	730,465	$6,034	0.5%	$8.49	—	COM	67062M105
—	FLAHERTY & CRUMRINE PFD SECS	366,550	$5,839	0.5%	$15.44	—	COM	338478100
—	TAIWAN FD INC	171,697	$5,702	0.5%	$18.57	—	COM	874036106
—	BLACKROCK HEALTH SCIENCES TR	141,109	$5,452	0.4%	$40.51	—	COM	09250W107
SRLN	SSGA ACTIVE ETF TR	130,958	$5,386	0.4%	$41.73	—	BLACKSTONE SENR	78467V608
—	VOYA EMERGING MKTS HIGH DIVI	937,757	$5,008	0.4%	$7.41	—	COM	92912P108
—	KOREA FD INC	249,345	$4,977	0.4%	$34.43	—	COM NEW	500634209
—	WESTERN ASSET INTER MUNI FD	609,573	$4,755	0.4%	$8.77	—	COM	958435109
—	EATON VANCE TAX-MANAGED GLOB	551,759	$4,552	0.4%	$7.96	—	COM	27829C105
—	LIBERTY ALL-STAR GROWTH FD I	884,228	$4,324	0.3%	$5.43	—	COM	529900102
—	EATON VANCE TAX MNGED BUY WR	311,777	$4,256	0.3%	$13.16	—	COM	27828X100
—	ALLSPRING UTILITIES AND HIGH	366,634	$4,040	0.3%	$10.34	—	WF UTILITIES INC	94987E109
—	PUTNAM MUN OPPORTUNITIES TR	382,761	$3,900	0.3%	$10.61	—	SH BEN INT	746922103
—	WESTERN ASSET PREMIER BD FD	337,147	$3,779	0.3%	$12.79	—	SHS BEN INT	957664105
XMVFX	BLACKROCK MUNIVEST FD INC	511,845	$3,588	0.3%	$8.52	—	COM	09253R105
—	VIRTUS GLOBAL MULTI-SECTOR I	449,983	$3,482	0.3%	$7.72	—	COM	92829B101
—	PUTNAM MASTER INTER INCOME T	1,029,067	$3,417	0.3%	$3.34	—	SH BEN INT	746909100
—	NUVEEN CALIFORNIA MUNI VLU F	379,495	$3,283	0.3%	$9.10	—	COM STK	67062C107
—	NUVEEN MULTI-MKT INCOME FD	524,932	$3,265	0.3%	$7.13	—	COM	67075J107
—	GABELLI DIVID & INCOME TR	126,627	$3,056	0.2%	$20.49	—	COM	36242H104
XNXNX	NUVEEN N Y SELECT TAX FREE I	257,153	$3,040	0.2%	$11.60	—	SH BEN INT	67063V104
—	ALLSPRING GLOBAL DIVIDEND OP	587,546	$2,908	0.2%	$4.84	—	COM	94987C103
XLP	SELECT SECTOR SPDR TR	35,090	$2,866	0.2%	$81.67	—	SBI CONS STPLS	81369Y308
—	MFS MULTIMARKET INCOME TR	609,455	$2,834	0.2%	$4.62	—	SH BEN INT	552737108
—	NUVEEN DOW 30 DYNMC OVERWRT	178,306	$2,584	0.2%	$13.90	—	SHS	67075F105
—	BLACKROCK MUNI INCOME TR II	247,793	$2,575	0.2%	$10.49	—	COM	09249N101
—	BLACKROCK SCIENCE & TECHNOLO	145,059	$2,573	0.2%	$23.46	—	SHS BEN INT	09260K101
—	MEXICO FD INC	179,286	$2,551	0.2%	$14.98	—	COM	592835102
—	BLACKROCK TAX MUNICPAL BD TR	151,900	$2,534	0.2%	$16.15	—	SHS	09248X100
—	CLOUGH GLOBAL EQUITY FD	376,090	$2,366	0.2%	$6.75	—	COM	18914C100
—	ABRDN LIFE SCIENCES INVESTOR	180,971	$2,297	0.2%	$14.05	—	SH BEN INT	87911K100
—	WESTERN ASSET INVT GRADE OPP	137,000	$2,271	0.2%	$17.31	—	COM	95790A101
—	BNY MELLON HIGH YIELD STRATE	877,462	$2,238	0.2%	$2.40	—	SH BEN INT	09660L105
—	BLACKROCK INCOME TR INC	188,072	$2,229	0.2%	$11.85	—	COM NEW	09247F209
XXCHNXX	CHINA FD INC	167,701	$2,153	0.2%	$15.58	—	COM	169373107
XLI	SELECT SECTOR SPDR TR	16,010	$2,098	0.2%	$131.76	—	INDL	81369Y704
—	RIVERNORTH DOUBLELINE STRATE	242,181	$2,078	0.2%	$8.54	—	COM	76882G107
—	ABRDN INCOME CREDIT STRATEGI	337,051	$1,985	0.2%	$5.97	—	COM	003057106
—	BLACKROCK ENHANCED LARGE CAP	103,866	$1,918	0.2%	$19.38	—	COM	09256A109
—	EATON VANCE TX ADV GLBL DIV	99,439	$1,812	0.1%	$17.70	—	COM	27828S101
—	BLACKROCK TECH AND PRIVATE E	270,040	$1,690	0.1%	$8.68	—	SHS BEN INT	09260Q108
—	FIRST TR SR FLTG RATE INCOME	157,708	$1,599	0.1%	$9.67	—	COM	33733U108
—	JOHN HANCOCK DIVERSIFIED INC	143,675	$1,494	0.1%	$10.16	—	COM	47804L102
—	DTF TAX-FREE INCOME 2028 TER	127,136	$1,425	0.1%	$13.73	—	COM	23334J107
—	NUVEEN S&P 500 DYNAMIC OVERW	78,436	$1,326	0.1%	$16.17	—	COM	6706EW100
—	BNY MELLON STRATEGIC MUNS IN	206,145	$1,262	0.1%	$6.51	—	COM	05588W108
—	SPROTT FOCUS TR INC	164,668	$1,220	0.1%	$7.06	—	COM	85208J109
—	FIRST TR MTG INCOME FD	90,952	$1,111	0.1%	$15.10	—	COM SHS	33734E103
—	BNY MELLON STRATEGIC MUN BD	184,401	$1,064	0.1%	$6.23	—	COM	09662E109
—	BNY MELLON MUN INCOME INC	147,316	$1,058	0.1%	$6.83	—	COM	05589T104
—	NUVEEN MUN INCOME FD INC	104,147	$1,025	0.1%	$9.38	—	COM	67062J102
—	GAMCO NAT RES GOLD & INCOME	167,063	$1,017	0.1%	$4.74	—	SH BEN INT	36465E101
—	VIRTUS DIVIDEND INTEREST & P	83,821	$1,017	0.1%	$13.49	—	COM	92840R101
—	WSTRN AST GLBL CORP OPP FD I	78,000	$903	0.1%	$11.49	—	COM	95790C107
—	CALAMOS GBL DYN INCOME FUND	136,451	$872	0.1%	$6.60	—	COM	12811L107
—	FIRST TR HIGH YIELD OPPRT 20	58,182	$841	0.1%	$14.37	—	COM	33741Q107
—	WESTERN ASSET HIGH YIELD DEF	70,828	$839	0.1%	$12.48	—	COM	95768B107
—	MORGAN STANLEY INDIA INVT FD	34,236	$835	0.1%	$19.37	—	COM	61745C105
—	FEDERATED HERMES PREM MUNI I	76,060	$826	0.1%	$11.04	—	COM	31423P108
—	BNY MELLON MUN BD INFRASTRUC	76,177	$805	0.1%	$11.16	—	COM SHS	09662W109
XEVMX	EATON VANCE CALIF MUN BD FD	78,950	$732	0.1%	$10.02	—	COM	27828A100
—	ALLIANCEBERNSTEIN NATL MUN I	65,210	$708	0.1%	$12.86	—	COM	01864U106
—	HANCOCK JOHN TAX-ADVANTAGED	28,731	$688	0.1%	$23.22	—	COM	41013V100
—	FRANKLIN LTD DURATION INCOME	86,338	$558	0.0%	$6.65	—	COM	35472T101
—	ABRDN TOTAL DYNAMIC DIVIDEND	61,842	$519	0.0%	$8.62	—	COM SH BEN INT	00326L100
—	TEMPLETON DRAGON FD INC	51,138	$496	0.0%	$16.09	—	COM	88018T101
—	ROYCE MICRO-CAP TR INC	57,127	$482	0.0%	$7.85	—	COM	780915104
—	SWISS HELVETIA FD INC	39,979	$369	0.0%	$10.42	—	COM	870875101
—	CLOUGH GLOBAL OPPORTUNITIES	37,802	$185	0.0%	$5.36	—	SH BEN INT	18914E106
—	INVESCO BD FD	10,300	$159	0.0%	$15.46	—	COM	46132L107