1607 Capital Partners, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
EUFN	ISHARES TR	2,883,631	$99,024	7.5%	$33.88	—	MSCI EURO FL ETF	464289180
BKLN	INVESCO EXCH TRADED FD TR II	4,363,200	$91,322	6.9%	$20.99	—	SR LN ETF	46138G508
GOVT	ISHARES TR	3,691,522	$85,348	6.4%	$23.93	—	US TREAS BD ETF	46429B267
USHY	ISHARES TR	1,979,500	$74,786	5.6%	$36.80	—	BROAD USD HIGH	46435U853
FEZ	SPDR INDEX SHS FDS	852,398	$52,951	4.0%	$61.92	—	EURO STOXX 50	78463X202
BBJP	J P MORGAN EXCHANGE TRADED F	713,645	$47,329	3.6%	$56.84	—	BETABULDRS JAPAN	46641Q217
EWJ	ISHARES INC	573,377	$45,991	3.5%	$54.94	—	MSCI JPN ETF NEW	46434G822
AGG	ISHARES TR	457,945	$45,909	3.5%	$97.25	—	CORE US AGGBD ET	464287226
—	JAPAN SMALLER CAPITALIZATION	4,151,303	$43,755	3.3%	$8.92	—	COM	47109U104
EZU	ISHARES INC	669,946	$41,496	3.1%	$43.91	—	MSCI EURZONE ETF	464286608
EWL	ISHARES INC	633,799	$35,011	2.6%	$40.97	—	MSCI SWITZERLAND	464286749
—	PGIM SHORT DUR HIG YLD OPP F	1,962,923	$32,820	2.5%	$16.49	—	COM	69355J104
IEF	ISHARES TR	288,661	$27,844	2.1%	$105.34	—	7-10 YR TRSY BD	464287440
VMBS	VANGUARD SCOTTSDALE FDS	468,155	$21,985	1.7%	$45.80	—	MTG-BKD SECS ETF	92206C771
—	NUVEEN MUN VALUE FD INC	2,365,170	$21,239	1.6%	$9.01	—	COM	670928100
—	MFS INTER INCOME TR	7,404,923	$19,845	1.5%	$2.96	—	SH BEN INT	55273C107
—	EATON VANCE TAX ADVT DIV INC	797,020	$19,487	1.5%	$23.97	—	COM	27828G107
—	EUROPEAN EQUITY FD INC	1,689,931	$18,319	1.4%	$7.75	—	COM	298768102
—	GENERAL AMERN INVS CO INC	285,993	$17,792	1.3%	$34.47	—	COM	368802104
—	NUVEEN AMT-FREE MUN VALUE FD	1,216,729	$17,253	1.3%	$14.91	—	COM	670695105
—	WESTERN ASSET MANAGED MUNS F	1,593,022	$16,472	1.2%	$11.07	—	COM	95766M105
—	NEW GERMANY FD INC	1,338,662	$15,475	1.2%	$14.52	—	COM	644465106
—	HANCOCK JOHN INCOME SECS TR	1,294,219	$15,110	1.1%	$12.43	—	COM	410123103
—	ADAMS DIVERSIFIED EQUITY FD	652,672	$14,555	1.1%	$15.60	—	COM	006212104
—	SRH TOTAL RETURN FUND INC	800,865	$14,544	1.1%	$14.70	—	COM	101507101
—	NUVEEN NASDAQ 100 DYNAMIC OV	524,120	$14,392	1.1%	$24.89	—	COM SHS	670699107
LQD	ISHARES TR	119,860	$13,361	1.0%	$107.04	—	IBOXX INV CP ETF	464287242
—	BLACKROCK SCIENCE & TECHNOLO	322,616	$13,343	1.0%	$36.59	—	SHS	09258G104
—	WESTERN AST INFL LKD OPP & I	1,448,290	$12,875	1.0%	$9.91	—	COM	95766R104
—	DWS MUN INCOME TR NEW	1,341,483	$12,301	0.9%	$10.82	—	COM	233368109
—	TEMPLETON EMERGING MKTS FD	704,218	$11,789	0.9%	$14.54	—	COM	880191101
—	TCW STRATEGIC INCOME FD INC	2,377,434	$11,697	0.9%	$4.78	—	COM	872340104
—	MORGAN STANLEY CHINA A SH FD	671,897	$11,187	0.8%	$23.37	—	COM	617468103
—	NEUBERGER BERMAN MUN FD INC	1,083,929	$11,186	0.8%	$10.33	—	COM	64124P101
—	ABRDN EMERGING MARKETS EX CH	1,628,388	$10,552	0.8%	$6.75	—	COM	00301W105
—	CENTRAL SECS CORP	188,713	$9,694	0.7%	$31.51	—	COM	155123102
—	EATON VANCE NATL MUN OPPORT	556,445	$9,259	0.7%	$17.44	—	COM SHS	27829L105
—	ABRDN AUSTRALIA EQUITY FD IN	1,943,036	$8,919	0.7%	$4.51	—	COM	003011103
—	NUVEEN SELECT MAT MUN FD	916,277	$8,485	0.6%	$9.00	—	SH BEN INT	67061T101
—	WESTERN ASSET INVESTMENT GRA	649,155	$8,322	0.6%	$12.39	—	COM	95766T100
—	HANCOCK JOHN INVT TR II	569,695	$7,970	0.6%	$12.98	—	COM	410142103
—	PUTNAM PREMIER INCOME TR	2,053,544	$7,578	0.6%	$3.70	—	SH BEN INT	746853100
—	BLACKROCK MUN TARGET TERM TR	315,129	$7,078	0.5%	$20.64	—	COM SHS BEN IN	09257P105
—	MFS GOVT MKTS INCOME TR	2,253,781	$7,032	0.5%	$3.44	—	SH BEN INT	552939100
XJEQX	ABRDN JAPAN EQUITY FUND INC	866,040	$6,824	0.5%	$7.06	—	COM	00306J109
—	BLACKROCK ENHANCED GLOBAL DI	586,008	$6,780	0.5%	$12.49	—	COM	092501105
SRLN	SSGA ACTIVE ETF TR	162,658	$6,763	0.5%	$41.70	—	BLACKSTONE SENR	78467V608
—	TAIWAN FD INC	120,032	$6,496	0.5%	$18.57	—	COM	874036106
—	ALLSPRING MULTI SECTOR INCOM	665,934	$6,380	0.5%	$9.23	—	COM	94987D101
—	FLAHERTY & CRUMRINE PFD SECS	375,350	$6,340	0.5%	$15.46	—	COM	338478100
—	BROOKFIELD REAL ASSETS INCOM	462,170	$6,175	0.5%	$13.44	—	SHS BEN INT	112830104
—	EATON VANCE TAX-ADVANTAGED G	220,578	$6,079	0.5%	$23.06	—	COM	27828U106
—	LIBERTY ALL-STAR GROWTH FD I	1,088,599	$6,042	0.5%	$5.45	—	COM	529900102
—	KOREA FD INC	196,850	$6,021	0.5%	$34.43	—	COM NEW	500634209
—	BLACKROCK HEALTH SCIENCES TR	153,302	$5,707	0.4%	$40.18	—	COM	09250W107
—	NUVEEN N Y MUN VALUE FD	682,206	$5,635	0.4%	$8.49	—	COM	67062M105
—	WESTERN ASSET INVT GRADE OPP	325,361	$5,430	0.4%	$16.93	—	COM	95790A101
—	EATON VANCE TAX MNGED BUY WR	300,874	$4,513	0.3%	$13.16	—	COM	27828X100
—	ALLSPRING UTILITIES AND HIGH	361,344	$4,473	0.3%	$10.34	—	WF UTILITIES INC	94987E109
—	WESTERN ASSET INTER MUNI FD	519,897	$4,112	0.3%	$8.77	—	COM	958435109
—	LIBERTY ALL STAR EQUITY FD	628,404	$3,984	0.3%	$6.34	—	SH BEN INT	530158104
—	MFS MULTIMARKET INCOME TR	817,038	$3,905	0.3%	$4.64	—	SH BEN INT	552737108
—	BLACKROCK TAX MUNICPAL BD TR	231,600	$3,845	0.3%	$16.13	—	SHS	09248X100
—	EATON VANCE SR FLTNG RTE TR	332,089	$3,799	0.3%	$11.44	—	COM	27828Q105
—	EATON VANCE TAX-MANAGED GLOB	401,034	$3,629	0.3%	$7.96	—	COM	27829C105
—	PUTNAM MUN OPPORTUNITIES TR	350,361	$3,619	0.3%	$10.61	—	SH BEN INT	746922103
—	WESTERN ASSET PREMIER BD FD	306,736	$3,445	0.3%	$12.79	—	SHS BEN INT	957664105
XXCHNXX	CHINA FD INC	181,814	$3,356	0.3%	$15.92	—	COM	169373107
—	MEXICO FD INC	150,129	$2,958	0.2%	$14.98	—	COM	592835102
XLP	SELECT SECTOR SPDR TR	36,590	$2,868	0.2%	$81.39	—	SBI CONS STPLS	81369Y308
XMVFX	BLACKROCK MUNIVEST FD INC	387,203	$2,656	0.2%	$8.52	—	COM	09253R105
XNXNX	NUVEEN N Y SELECT TAX FREE I	214,012	$2,572	0.2%	$11.60	—	SH BEN INT	67063V104
—	GABELLI DIVID & INCOME TR	92,047	$2,497	0.2%	$20.49	—	COM	36242H104
—	CLOUGH GLOBAL EQUITY FD	326,701	$2,486	0.2%	$6.75	—	COM	18914C100
—	BLACKROCK MUNI INCOME TR II	233,793	$2,443	0.2%	$10.49	—	COM	09249N101
—	EATON VANCE TAX-MANAGED GLOB	254,506	$2,316	0.2%	$8.04	—	COM	27829F108
—	NUVEEN MULTI-MKT INCOME FD	366,851	$2,307	0.2%	$7.13	—	COM	67075J107
—	BNY MELLON HIGH YIELD STRATE	879,614	$2,278	0.2%	$2.40	—	SH BEN INT	09660L105
—	NUVEEN CALIFORNIA MUNI VLU F	255,520	$2,274	0.2%	$9.10	—	COM STK	67062C107
—	NUVEEN DOW 30 DYNMC OVERWRT	151,311	$2,253	0.2%	$13.90	—	SHS	67075F105
—	ABRDN INCOME CREDIT STRATEGI	388,151	$2,251	0.2%	$5.96	—	COM	003057106
—	VOYA EMERGING MKTS HIGH DIVI	356,370	$2,234	0.2%	$7.41	—	COM	92912P108
—	FIRST TR HIGH YIELD OPPRT 20	152,682	$2,212	0.2%	$14.67	—	COM	33741Q107
—	FLAHERTY & CRUMRINE PFD INCO	198,610	$1,936	0.1%	$9.75	—	COM	33848E106
—	ABRDN LIFE SCIENCES INVESTOR	122,170	$1,895	0.1%	$14.05	—	SH BEN INT	87911K100
—	ALLSPRING GLOBAL DIVIDEND OP	305,177	$1,740	0.1%	$4.84	—	COM	94987C103
—	FLAHERTY & CRUMRINE DYNAMIC	79,500	$1,720	0.1%	$21.64	—	SHS	33848W106
—	BLACKROCK INCOME TR INC	142,110	$1,597	0.1%	$11.85	—	COM NEW	09247F209
—	CALAMOS GBL DYN INCOME FUND	197,687	$1,491	0.1%	$6.83	—	COM	12811L107
—	PUTNAM MASTER INTER INCOME T	418,152	$1,438	0.1%	$3.34	—	SH BEN INT	746909100
—	EATON VANCE SR INCOME TR	250,140	$1,371	0.1%	$5.48	—	SH BEN INT	27826S103
—	VIRTUS GLOBAL MULTI-SECTOR I	169,244	$1,344	0.1%	$7.72	—	COM	92829B101
—	DTF TAX-FREE INCOME 2028 TER	115,629	$1,322	0.1%	$13.73	—	COM	23334J107
—	JOHN HANCOCK DIVERSIFIED INC	122,340	$1,303	0.1%	$10.16	—	COM	47804L102
—	BNY MELLON STRATEGIC MUNS IN	206,145	$1,288	0.1%	$6.51	—	COM	05588W108
—	TEMPLETON DRAGON FD INC	108,318	$1,262	0.1%	$13.75	—	COM	88018T101
—	EATON VANCE TAX-MANAGED BUY-	83,593	$1,191	0.1%	$14.25	—	COM	27828Y108
XLI	SELECT SECTOR SPDR TR	7,485	$1,154	0.1%	$131.76	—	INDL	81369Y704
—	SPROTT FOCUS TR INC	137,368	$1,142	0.1%	$7.06	—	COM	85208J109
—	WSTRN AST GLBL CORP OPP FD I	95,050	$1,129	0.1%	$11.56	—	COM	95790C107
—	BNY MELLON STRATEGIC MUN BD	159,401	$944	0.1%	$6.23	—	COM	09662E109
—	FIRST TR MTG INCOME FD	75,027	$919	0.1%	$15.04	—	COM SHS	33734E103
—	EATON VANCE FLTING RATE INC	73,100	$860	0.1%	$11.77	—	COM	278279104
—	INVESCO BD FD	51,150	$807	0.1%	$15.44	—	COM	46132L107
—	BNY MELLON MUN BD INFRASTRUC	73,129	$782	0.1%	$11.16	—	COM SHS	09662W109
XEVMX	EATON VANCE CALIF MUN BD FD	60,420	$573	0.0%	$10.02	—	COM	27828A100
—	ALLIANCEBERNSTEIN NATL MUN I	50,902	$552	0.0%	$12.86	—	COM	01864U106
—	PIMCO DYNAMIC INCOME STRATEG	21,512	$536	0.0%	$24.65	—	COM SHS BEN INT	69346N107
—	FIRST TR SR FLTG RATE INCOME	53,461	$535	0.0%	$9.67	—	COM	33733U108
—	ROYCE MICRO-CAP TR INC	49,327	$513	0.0%	$7.85	—	COM	780915104
—	FEDERATED HERMES PREM MUNI I	43,510	$480	0.0%	$11.04	—	COM	31423P108
—	FLAHERTY & CRUMRINE PFD INCO	36,200	$435	0.0%	$12.02	—	COM	338480106
—	ABRDN TOTAL DYNAMIC DIVIDEND	40,692	$385	0.0%	$8.62	—	COM SH BEN INT	00326L100
—	MORGAN STANLEY INDIA INVT FD	11,706	$308	0.0%	$19.37	—	COM	61745C105
—	BLACKROCK ENHANCED INTL DIV	51,544	$296	0.0%	$5.77	—	COM BENE INTER	092524107
—	HANCOCK JOHN TAX-ADVANTAGED	11,765	$292	0.0%	$23.22	—	COM	41013V100
—	RIVERNORTH DOUBLELINE STRATE	32,184	$275	0.0%	$8.54	—	COM	76882G107
—	GAMCO NAT RES GOLD & INCOME	37,263	$262	0.0%	$4.74	—	SH BEN INT	36465E101
—	NUVEEN S&P 500 DYNAMIC OVERW	14,331	$251	0.0%	$16.17	—	COM	6706EW100
—	CLOUGH GLOBAL OPPORTUNITIES	23,802	$136	0.0%	$5.36	—	SH BEN INT	18914E106
—	BLACKROCK INCOME TR INC	142,110	$8	0.0%	$0.06	—	RIGHT 10/20/2025	09247F118