1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
BKLN	INVESCO EXCH TRADED FD TR II	4,228,700	$88,464	7.2%	$20.99	—	SR LN ETF	46138G508
USHY	ISHARES TR	2,021,200	$75,815	6.1%	$36.80	—	BROAD USD HIGH	46435U853
GOVT	ISHARES TR	3,054,687	$70,197	5.7%	$24.10	—	US TREAS BD ETF	46429B267
EWJ	ISHARES INC	625,262	$46,876	3.8%	$54.94	—	MSCI JPN ETF NEW	46434G822
EZU	ISHARES INC	770,581	$45,811	3.7%	$43.91	—	MSCI EURZONE ETF	464286608
AGG	ISHARES TR	457,945	$45,428	3.7%	$97.25	—	CORE US AGGBD ET	464287226
BBJP	J P MORGAN EXCHANGE TRADED F	668,270	$41,286	3.3%	$56.19	—	BETABULDRS JAPAN	46641Q217
—	JAPAN SMALLER CAPITALIZATION	4,248,790	$40,958	3.3%	$8.92	—	COM	47109U104
EWL	ISHARES INC	690,889	$37,868	3.1%	$40.97	—	MSCI SWITZERLAND	464286749
—	PGIM SHORT DUR HIG YLD OPP F	2,017,823	$33,980	2.8%	$16.49	—	COM	69355J104
IEF	ISHARES TR	331,161	$31,715	2.6%	$105.34	—	7-10 YR TRSY BD	464287440
VMBS	VANGUARD SCOTTSDALE FDS	490,655	$22,737	1.8%	$45.80	—	MTG-BKD SECS ETF	92206C771
—	NUVEEN MUN VALUE FD INC	2,551,754	$22,175	1.8%	$9.01	—	COM	670928100
—	MFS INTER INCOME TR	7,651,184	$20,735	1.7%	$2.96	—	SH BEN INT	55273C107
XJEQX	ABRDN JAPAN EQUITY FUND INC	2,566,226	$19,349	1.6%	$7.06	—	COM	00306J109
—	EATON VANCE TAX ADVT DIV INC	750,342	$18,083	1.5%	$23.95	—	COM	27828G107
—	EUROPEAN EQUITY FD INC	1,735,202	$17,751	1.4%	$7.75	—	COM	298768102
—	NUVEEN AMT-FREE MUN VALUE FD	1,278,060	$17,484	1.4%	$14.91	—	COM	670695105
—	WESTERN AST INFL LKD OPP & I	1,957,890	$17,151	1.4%	$9.91	—	COM	95766R104
—	NEW GERMANY FD INC	1,432,911	$17,109	1.4%	$14.52	—	COM	644465106
—	GENERAL AMERN INVS CO INC	305,228	$17,105	1.4%	$34.47	—	COM	368802104
—	WESTERN ASSET MANAGED MUNS F	1,712,606	$16,955	1.4%	$11.07	—	COM	95766M105
EUFN	ISHARES TR	485,884	$15,369	1.2%	$31.63	—	MSCI EURO FL ETF	464289180
—	ADAMS DIVERSIFIED EQUITY FD	672,672	$14,604	1.2%	$15.60	—	COM	006212104
LQD	ISHARES TR	132,510	$14,524	1.2%	$107.04	—	IBOXX INV CP ETF	464287242
—	HANCOCK JOHN INCOME SECS TR	1,265,449	$14,274	1.2%	$12.45	—	COM	410123103
—	NUVEEN NASDAQ 100 DYNAMIC OV	522,323	$13,826	1.1%	$24.89	—	COM SHS	670699107
—	SRH TOTAL RETURN FUND INC	773,575	$13,677	1.1%	$14.58	—	COM	101507101
—	TCW STRATEGIC INCOME FD INC	2,585,334	$12,616	1.0%	$4.78	—	COM	872340104
—	DWS MUN INCOME TR NEW	1,424,156	$12,590	1.0%	$10.82	—	COM	233368109
—	EATON VANCE TAX-MANAGED GLOB	1,398,097	$12,233	1.0%	$8.04	—	COM	27829F108
—	TEMPLETON EMERGING MKTS FD	765,062	$11,162	0.9%	$14.54	—	COM	880191101
—	NEUBERGER BERMAN MUN FD INC	1,133,750	$11,145	0.9%	$10.33	—	COM	64124P101
—	BLACKROCK ENHANCED GLOBAL DI	965,103	$10,954	0.9%	$12.49	—	COM	092501105
—	BLACKROCK SCIENCE & TECHNOLO	284,950	$10,877	0.9%	$35.96	—	SHS	09258G104
—	ABRDN EMERGING MARKETS EX CH	1,752,692	$10,411	0.8%	$6.75	—	COM	00301W105
—	MORGAN STANLEY CHINA A SH FD	712,020	$9,809	0.8%	$23.37	—	COM	617468103
—	EATON VANCE NATL MUN OPPORT	585,781	$9,513	0.8%	$17.44	—	COM SHS	27829L105
—	ABRDN AUSTRALIA EQUITY FD IN	2,083,515	$9,313	0.8%	$4.51	—	COM	003011103
—	CENTRAL SECS CORP	193,918	$9,281	0.8%	$31.51	—	COM	155123102
—	NUVEEN SELECT MAT MUN FD	1,004,530	$9,101	0.7%	$9.00	—	SH BEN INT	67061T101
—	WESTERN ASSET INVESTMENT GRA	678,355	$8,805	0.7%	$12.39	—	COM	95766T100
—	HANCOCK JOHN INVT TR II	603,795	$8,360	0.7%	$12.98	—	COM	410142103
—	PUTNAM PREMIER INCOME TR	2,150,697	$7,893	0.6%	$3.70	—	SH BEN INT	746853100
—	ALLSPRING MULTI SECTOR INCOM	783,634	$7,405	0.6%	$9.23	—	COM	94987D101
—	KKR INCOME OPPORTUNITIES FD	575,652	$7,230	0.6%	$12.29	—	COM	48249T106
—	BLACKROCK MUN TARGET TERM TR	327,479	$7,169	0.6%	$20.64	—	COM SHS BEN IN	09257P105
—	BLACKROCK ENHANCED INTL DIV	1,235,587	$7,154	0.6%	$5.77	—	COM BENE INTER	092524107
—	MFS GOVT MKTS INCOME TR	2,253,781	$7,032	0.6%	$3.44	—	SH BEN INT	552939100
—	EATON VANCE TAX-ADVANTAGED G	254,765	$6,927	0.6%	$23.06	—	COM	27828U106
—	BROOKFIELD REAL ASSETS INCOM	489,570	$6,546	0.5%	$13.44	—	SHS BEN INT	112830104
—	TAIWAN FD INC	144,505	$6,475	0.5%	$18.57	—	COM	874036106
—	KOREA FD INC	235,075	$6,331	0.5%	$34.43	—	COM NEW	500634209
—	FLAHERTY & CRUMRINE PFD SECS	375,350	$6,114	0.5%	$15.46	—	COM	338478100
—	NUVEEN N Y MUN VALUE FD	716,944	$5,814	0.5%	$8.49	—	COM	67062M105
—	BLACKROCK HEALTH SCIENCES TR	153,502	$5,597	0.5%	$40.18	—	COM	09250W107
SRLN	SSGA ACTIVE ETF TR	130,958	$5,447	0.4%	$41.73	—	BLACKSTONE SENR	78467V608
XLP	SELECT SECTOR SPDR TR	58,690	$4,752	0.4%	$81.39	—	SBI CONS STPLS	81369Y308
—	LIBERTY ALL-STAR GROWTH FD I	852,090	$4,661	0.4%	$5.43	—	COM	529900102
—	WESTERN ASSET INTER MUNI FD	594,301	$4,469	0.4%	$8.77	—	COM	958435109
—	EATON VANCE TAX MNGED BUY WR	301,388	$4,352	0.4%	$13.16	—	COM	27828X100
FEZ	SPDR INDEX SHS FDS	72,723	$4,344	0.4%	$59.73	—	EURO STOXX 50	78463X202
—	ALLSPRING UTILITIES AND HIGH	367,888	$4,249	0.3%	$10.34	—	WF UTILITIES INC	94987E109
—	MFS MULTIMARKET INCOME TR	860,538	$4,045	0.3%	$4.64	—	SH BEN INT	552737108
—	EATON VANCE TAX-MANAGED GLOB	462,934	$4,004	0.3%	$7.96	—	COM	27829C105
—	BLACKROCK TAX MUNICPAL BD TR	242,000	$3,899	0.3%	$16.13	—	SHS	09248X100
—	PUTNAM MUN OPPORTUNITIES TR	377,411	$3,733	0.3%	$10.61	—	SH BEN INT	746922103
—	WESTERN ASSET PREMIER BD FD	334,079	$3,625	0.3%	$12.79	—	SHS BEN INT	957664105
—	VIRTUS GLOBAL MULTI-SECTOR I	448,445	$3,516	0.3%	$7.72	—	COM	92829B101
—	PUTNAM MASTER INTER INCOME T	1,022,467	$3,425	0.3%	$3.34	—	SH BEN INT	746909100
—	WESTERN ASSET INVT GRADE OPP	202,100	$3,351	0.3%	$17.08	—	COM	95790A101
XMVFX	BLACKROCK MUNIVEST FD INC	476,461	$3,135	0.3%	$8.52	—	COM	09253R105
—	GABELLI DIVID & INCOME TR	117,327	$3,052	0.2%	$20.49	—	COM	36242H104
—	NUVEEN CALIFORNIA MUNI VLU F	335,648	$2,913	0.2%	$9.10	—	COM STK	67062C107
—	MEXICO FD INC	161,706	$2,841	0.2%	$14.98	—	COM	592835102
—	NUVEEN MULTI-MKT INCOME FD	449,170	$2,821	0.2%	$7.13	—	COM	67075J107
XNXNX	NUVEEN N Y SELECT TAX FREE I	242,473	$2,820	0.2%	$11.60	—	SH BEN INT	67063V104
—	ALLSPRING GLOBAL DIVIDEND OP	481,869	$2,597	0.2%	$4.84	—	COM	94987C103
—	CLOUGH GLOBAL EQUITY FD	345,501	$2,461	0.2%	$6.75	—	COM	18914C100
—	BLACKROCK MUNI INCOME TR II	243,543	$2,445	0.2%	$10.49	—	COM	09249N101
—	VOYA EMERGING MKTS HIGH DIVI	403,389	$2,396	0.2%	$7.41	—	COM	92912P108
XXCHNXX	CHINA FD INC	160,714	$2,393	0.2%	$15.58	—	COM	169373107
—	BLACKROCK SCIENCE & TECHNOLO	112,055	$2,325	0.2%	$23.46	—	SHS BEN INT	09260K101
—	RIVERNORTH DOUBLELINE STRATE	271,084	$2,318	0.2%	$8.54	—	COM	76882G107
—	ABRDN INCOME CREDIT STRATEGI	388,151	$2,290	0.2%	$5.96	—	COM	003057106
—	NUVEEN DOW 30 DYNMC OVERWRT	159,611	$2,289	0.2%	$13.90	—	SHS	67075F105
—	BNY MELLON HIGH YIELD STRATE	879,614	$2,287	0.2%	$2.40	—	SH BEN INT	09660L105
—	FIRST TR HIGH YIELD OPPRT 20	152,682	$2,267	0.2%	$14.67	—	COM	33741Q107
—	BLACKROCK INCOME TR INC	188,490	$2,215	0.2%	$11.85	—	COM NEW	09247F209
SPY	SPDR S&P 500 ETF TR	3,520	$2,175	0.2%	$617.85	—	TR UNIT	78462F103
XLI	SELECT SECTOR SPDR TR	14,285	$2,107	0.2%	$131.76	—	INDL	81369Y704
—	ABRDN LIFE SCIENCES INVESTOR	161,971	$2,075	0.2%	$14.05	—	SH BEN INT	87911K100
—	BLACKROCK TECH AND PRIVATE E	248,540	$1,824	0.1%	$8.68	—	SHS BEN INT	09260Q108
—	FIRST TR SR FLTG RATE INCOME	157,961	$1,605	0.1%	$9.67	—	COM	33733U108
—	BLACKROCK ENHANCED LARGE CAP	73,059	$1,560	0.1%	$19.38	—	COM	09256A109
—	JOHN HANCOCK DIVERSIFIED INC	135,375	$1,432	0.1%	$10.16	—	COM	47804L102
—	DTF TAX-FREE INCOME 2028 TER	123,629	$1,383	0.1%	$13.73	—	COM	23334J107
—	BNY MELLON STRATEGIC MUNS IN	206,145	$1,220	0.1%	$6.51	—	COM	05588W108
—	CALAMOS GBL DYN INCOME FUND	166,351	$1,186	0.1%	$6.70	—	COM	12811L107
—	WSTRN AST GLBL CORP OPP FD I	99,550	$1,175	0.1%	$11.56	—	COM	95790C107
—	FIRST TR MTG INCOME FD	92,637	$1,130	0.1%	$15.04	—	COM SHS	33734E103
—	SPROTT FOCUS TR INC	147,268	$1,102	0.1%	$7.06	—	COM	85208J109
—	BNY MELLON STRATEGIC MUN BD	184,401	$1,033	0.1%	$6.23	—	COM	09662E109
—	EATON VANCE TX ADV GLBL DIV	41,506	$869	0.1%	$17.70	—	COM	27828S101
—	WESTERN ASSET HIGH YIELD DEF	70,828	$849	0.1%	$12.48	—	COM	95768B107
—	FEDERATED HERMES PREM MUNI I	76,060	$809	0.1%	$11.04	—	COM	31423P108
—	INVESCO BD FD	50,750	$784	0.1%	$15.44	—	COM	46132L107
—	BNY MELLON MUN BD INFRASTRUC	76,177	$779	0.1%	$11.16	—	COM SHS	09662W109
XEVMX	EATON VANCE CALIF MUN BD FD	71,153	$635	0.1%	$10.02	—	COM	27828A100
—	ALLIANCEBERNSTEIN NATL MUN I	60,752	$626	0.1%	$12.86	—	COM	01864U106
—	NUVEEN S&P 500 DYNAMIC OVERW	34,530	$613	0.0%	$16.17	—	COM	6706EW100
—	HANCOCK JOHN TAX-ADVANTAGED	24,431	$571	0.0%	$23.22	—	COM	41013V100
—	PIMCO DYNAMIC INCOME STRATEG	21,512	$530	0.0%	$24.65	—	COM SHS BEN INT	69346N107
—	TEMPLETON DRAGON FD INC	51,285	$512	0.0%	$16.09	—	COM	88018T101
—	ROYCE MICRO-CAP TR INC	52,527	$486	0.0%	$7.85	—	COM	780915104
—	GAMCO NAT RES GOLD & INCOME	73,545	$463	0.0%	$4.74	—	SH BEN INT	36465E101
—	ABRDN TOTAL DYNAMIC DIVIDEND	49,367	$437	0.0%	$8.62	—	COM SH BEN INT	00326L100
—	MORGAN STANLEY INDIA INVT FD	14,186	$400	0.0%	$19.37	—	COM	61745C105
—	VIRTUS DIVIDEND INTEREST & P	22,146	$275	0.0%	$13.49	—	COM	92840R101
—	CLOUGH GLOBAL OPPORTUNITIES	28,852	$157	0.0%	$5.36	—	SH BEN INT	18914E106