Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EFV	ISHARES TR	279,000	$20.74M	1.5%	$74.35	—	EAFE VALUE ETF	464288877
—	BLACKROCK HEALTH SCIENCES TE	514,473	$7.388M	0.5%	$14.36	—	COM SHS	09260E105
—	BLACKROCK CORPOR HI YLD FD I	789,976	$6.731M	0.5%	$8.52	—	COM	09255P107
XLE	SELECT SECTOR SPDR TR	71,520	$4.381M	0.3%	$61.26	—	STATE STREET ENE	81369Y506
—	NUVEEN CORE EQUITY ALPHA FD	288,211	$4.26M	0.3%	$14.78	—	COM	67090X107
—	BLACKROCK TAX MUNICPAL BD TR	163,212	$2.639M	0.2%	$16.17	—	SHS	09248X100
—	BLACKROCK MUNIYIELD QUALITY	209,508	$2.202M	0.2%	$10.51	—	COM	09254E103
—	COHEN & STEERS SELECT PFD &	111,784	$2.167M	0.2%	$19.39	—	COM	19248Y107
—	BLACKSTONE LONG SHORT CR INC	196,023	$2.137M	0.2%	$10.90	—	COM SHS BN INT	09257D102
—	BLACKROCK MUNIHOLDINGS FD IN	179,333	$2.023M	0.1%	$11.28	—	COM	09253N104
XLB	SELECT SECTOR SPDR TR	34,100	$1.704M	0.1%	$49.97	—	STATE STREET MAT	81369Y100
ITA	ISHARES TR	5,645	$1.235M	0.1%	$218.75	—	US AER DEF ETF	464288760
—	GAMCO GLOBAL GOLD NAT RES &	231,537	$1.232M	0.1%	$5.32	—	COM SH BEN INT	36465A109
XLC	SELECT SECTOR SPDR TR	8,500	$942K	0.1%	$110.86	—	STATE STREET COM	81369Y852
—	BLACKROCK CR ALLOCATION	91,026	$919K	0.1%	$10.10	—	COM	092508100
XLY	SELECT SECTOR SPDR TR	7,000	$763K	0.1%	$108.98	—	STATE STREET CON	81369Y407
IEMG	ISHARES INC	10,180	$710K	0.1%	$69.75	—	CORE MSCI EMKT	46434G103
VWO	VANGUARD INTL EQUITY INDEX F	10,100	$546K	0.0%	$54.05	—	FTSE EMR MKT ETF	922042858
—	NEUBERGER R/EST SECS INC FD	178,795	$508K	0.0%	$2.84	—	COM	64190A103
—	NEUBERGER NEXT GENERATION	34,361	$442K	0.0%	$12.87	—	COMMON STOCK	64133Q108
—	VIRTUS ARTIFICIAL INTELLIGEN	20,110	$431K	0.0%	$21.41	—	COM	92838Y100
VTV	VANGUARD INDEX FDS	2,000	$392K	0.0%	$196.20	—	VALUE ETF	922908744
XLI	SELECT SECTOR SPDR TR	2,000	$323K	0.0%	$161.73	—	STATE STREET IND	81369Y704

Increased Positions (44)

— NUVEEN FLOATING RATE INCOME 1.2%

Value $16.28M (+323.7%) Shares 2,164,618 (+341.2%) Est. Cost $7.59 Unrealized —

— EATON VANCE TAX-MANAGED GLOB 1.3%

Value $18.39M (+37.3%) Shares 2,094,732 (+44.2%) Est. Cost $8.84 Unrealized —

— CALAMOS STRATEGIC TOTAL RETU 0.5%

Value $7.407M (+155.1%) Shares 432,641 (+186.1%) Est. Cost $17.85 Unrealized —

GOVT ISHARES TR 5.6%

Value $78.01M (+5.5%) Shares 3,405,172 (+6.0%) Est. Cost $23.87 Unrealized —

— BLACKROCK MULTI SECTOR INC T 0.4%

Value $5.48M (+153.0%) Shares 437,691 (+163.9%) Est. Cost $12.72 Unrealized —

— INVESCO BD FD 0.4%

Value $5.468M (+137.6%) Shares 364,560 (+144.1%) Est. Cost $15.17 Unrealized —

XLP SELECT SECTOR SPDR TR 0.3%

Value $3.76M (+318.7%) Shares 45,860 (+296.7%) Est. Cost $81.83 Unrealized —

— NUVEEN CR STRATEGIES INCOME 0.3%

Value $3.482M (+281.4%) Shares 714,960 (+293.1%) Est. Cost $4.91 Unrealized —

— DOUBLELINE YIELD OPPORTUNITI 0.3%

Value $4.476M (+91.1%) Shares 321,532 (+99.6%) Est. Cost $14.23 Unrealized —

— BLACKROCK MUN TARGET TERM TR 0.6%

Value $8.75M (+31.9%) Shares 385,481 (+32.6%) Est. Cost $21.15 Unrealized —

— TCW STRATEGIC INCOME FD INC 0.8%

Value $11.71M (+21.2%) Shares 2,609,048 (+33.3%) Est. Cost $4.71 Unrealized —

— TEMPLETON DRAGON FD INC 0.3%

Value $3.625M (+97.0%) Shares 341,657 (+109.1%) Est. Cost $11.71 Unrealized —

— NUVEEN S&P 500 DYNAMIC OVERW 0.1%

Value $1.903M (+635.9%) Shares 118,391 (+726.1%) Est. Cost $16.08 Unrealized —

— WESTERN ASSET HIGH YIELD OPP 0.1%

Value $2.032M (+251.6%) Shares 190,284 (+267.4%) Est. Cost $10.81 Unrealized —

— LIBERTY ALL-STAR GROWTH FD I 0.6%

Value $8.24M (+19.6%) Shares 1,484,739 (+14.2%) Est. Cost $5.44 Unrealized —

— RIVERNORTH DOUBLELINE STRATE 0.2%

Value $2.588M (+82.7%) Shares 337,461 (+89.4%) Est. Cost $7.87 Unrealized —

— ROYCE GLOBAL TRUST INC 0.2%

Value $2.384M (+86.5%) Shares 178,419 (+82.9%) Est. Cost $13.22 Unrealized —

— HANCOCK JOHN PREM DIVID FD 0.3%

Value $3.635M (+34.2%) Shares 277,498 (+30.1%) Est. Cost $12.79 Unrealized —

— SRH TOTAL RETURN FUND INC 1.1%

Value $15.15M (-5.6%) Shares 885,921 (+2.3%) Est. Cost $15.04 Unrealized —

— WSTRN AST GLBL CORP OPP FD I 0.1%

Value $1.683M (+106.5%) Shares 156,400 (+126.6%) Est. Cost $11.11 Unrealized —

— BLACKROCK SCIENCE & TECHNOLO 0.1%

Value $1.36M (+157.1%) Shares 61,400 (+162.4%) Est. Cost $22.33 Unrealized —

— EATON VANCE TAX ADVT DIV INC 1.5%

Value $20.66M (+3.8%) Shares 841,582 (+6.5%) Est. Cost $24.01 Unrealized —

— EATON VANCE SR FLTNG RTE TR 1.2%

Value $16.72M (+4.8%) Shares 1,586,239 (+10.8%) Est. Cost $11.14 Unrealized —

— EATON VANCE TAX-ADVANTAGED G 0.5%

Value $6.552M (-9.8%) Shares 245,856 (+2.7%) Est. Cost $23.71 Unrealized —

— BNY MELLON HIGH YIELD STRATE 0.2%

Value $2.586M (+30.3%) Shares 1,059,754 (+32.4%) Est. Cost $2.41 Unrealized —

— DOUBLELINE INCOME SOLUTIONS 0.4%

Value $6.033M (+11.0%) Shares 557,025 (+15.6%) Est. Cost $11.21 Unrealized —

— BLACKROCK CORE BD TR 0.4%

Value $4.953M (+13.7%) Shares 540,667 (+19.1%) Est. Cost $9.52 Unrealized —

— WESTERN ASSET PREMIER BD FD 0.2%

Value $3.403M (+20.6%) Shares 321,607 (+25.8%) Est. Cost $12.34 Unrealized —

— FEDERATED HERMES PREM MUNI I 0.1%

Value $992K (+105.3%) Shares 90,804 (+108.7%) Est. Cost $10.98 Unrealized —

— EATON VANCE ENHANCED EQUITY 0.2%

Value $2.639M (+22.5%) Shares 128,981 (+40.1%) Est. Cost $22.56 Unrealized —

— BLACKROCK HEALTH SCIENCES TR 0.6%

Value $8.983M (-4.7%) Shares 233,260 (+1.7%) Est. Cost $40.46 Unrealized —

— FLAHERTY & CRUMRINE PFD INCO 0.2%

Value $2.907M (+16.9%) Shares 321,580 (+22.2%) Est. Cost $9.56 Unrealized —

— MFS INTER INCOME TR 1.1%

Value $15.9M (-2.0%) Shares 6,334,572 (+1.9%) Est. Cost $2.96 Unrealized —

— SPROTT FOCUS TR INC 0.1%

Value $1.461M (+26.4%) Shares 153,133 (+15.0%) Est. Cost $7.39 Unrealized —

— WESTERN ASSET INVT GRADE OPP 0.5%

Value $6.545M (+4.3%) Shares 406,754 (+7.0%) Est. Cost $16.82 Unrealized —

— FLAHERTY & CRUMRINE PFD INCO 0.1%

Value $888K (+32.1%) Shares 79,397 (+40.3%) Est. Cost $11.74 Unrealized —

— EATON VANCE FLOATING RATE IN 0.6%

Value $8.832M (-2.2%) Shares 823,135 (+2.9%) Est. Cost $11.32 Unrealized —

— CALAMOS GBL DYN INCOME FUND 0.1%

Value $1.733M (+9.6%) Shares 238,687 (+11.9%) Est. Cost $6.91 Unrealized —

— EATON VANCE SR INCOME TR 0.3%

Value $4.576M (-3.1%) Shares 916,968 (+2.3%) Est. Cost $5.32 Unrealized —

— MFS GOVT MKTS INCOME TR 0.5%

Value $6.699M (-1.7%) Shares 2,278,737 (+1.1%) Est. Cost $3.43 Unrealized —

— DTF TAX-FREE INCOME 2028 TER 0.1%

Value $1.209M (+10.7%) Shares 105,609 (+10.4%) Est. Cost $13.51 Unrealized —

— JOHN HANCOCK DIVERSIFIED INC 0.1%

Value $1.454M (+4.2%) Shares 133,909 (+3.2%) Est. Cost $10.22 Unrealized —

— NYLI MACKAY DEFINEDTERM MUNI 0.0%

Value $580K (+11.3%) Shares 39,088 (+11.5%) Est. Cost $14.87 Unrealized —

— HANCOCK JOHN INVT TR II 0.5%

Value $6.648M (+0.4%) Shares 514,942 (+6.3%) Est. Cost $12.98 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	NUVEEN FLOATING RATE INCOME	2,164,618 (+341.2%)	$16.28M (+323.7%)	1.2%	$7.59	—	COM	67072T108
—	EATON VANCE TAX-MANAGED GLOB	2,094,732 (+44.2%)	$18.39M (+37.3%)	1.3%	$8.84	—	COM	27829C105
—	CALAMOS STRATEGIC TOTAL RETU	432,641 (+186.1%)	$7.407M (+155.1%)	0.5%	$17.85	—	COM SH BEN INT	128125101
GOVT	ISHARES TR	3,405,172 (+6.0%)	$78.01M (+5.5%)	5.6%	$23.87	—	US TREAS BD ETF	46429B267
—	BLACKROCK MULTI SECTOR INC T	437,691 (+163.9%)	$5.48M (+153.0%)	0.4%	$12.72	—	COM	09258A107
—	INVESCO BD FD	364,560 (+144.1%)	$5.468M (+137.6%)	0.4%	$15.17	—	COM	46132L107
XLP	SELECT SECTOR SPDR TR	45,860 (+296.7%)	$3.76M (+318.7%)	0.3%	$81.83	—	STATE STREET CON	81369Y308
—	NUVEEN CR STRATEGIES INCOME	714,960 (+293.1%)	$3.482M (+281.4%)	0.3%	$4.91	—	COM SHS	67073D102
—	DOUBLELINE YIELD OPPORTUNITI	321,532 (+99.6%)	$4.476M (+91.1%)	0.3%	$14.23	—	COM	25862D105
—	BLACKROCK MUN TARGET TERM TR	385,481 (+32.6%)	$8.75M (+31.9%)	0.6%	$21.15	—	COM SHS BEN IN	09257P105
—	TCW STRATEGIC INCOME FD INC	2,609,048 (+33.3%)	$11.71M (+21.2%)	0.8%	$4.71	—	COM	872340104
—	TEMPLETON DRAGON FD INC	341,657 (+109.1%)	$3.625M (+97.0%)	0.3%	$11.71	—	COM	88018T101
—	NUVEEN S&P 500 DYNAMIC OVERW	118,391 (+726.1%)	$1.903M (+635.9%)	0.1%	$16.08	—	COM	6706EW100
—	WESTERN ASSET HIGH YIELD OPP	190,284 (+267.4%)	$2.032M (+251.6%)	0.1%	$10.81	—	COM	95768B107
—	LIBERTY ALL-STAR GROWTH FD I	1,484,739 (+14.2%)	$8.24M (+19.6%)	0.6%	$5.44	—	COM	529900102
—	RIVERNORTH DOUBLELINE STRATE	337,461 (+89.4%)	$2.588M (+82.7%)	0.2%	$7.87	—	COM	76882G107
—	ROYCE GLOBAL TRUST INC	178,419 (+82.9%)	$2.384M (+86.5%)	0.2%	$13.22	—	COM	78081T104
—	HANCOCK JOHN PREM DIVID FD	277,498 (+30.1%)	$3.635M (+34.2%)	0.3%	$12.79	—	COM SH BEN INT	41013T105
—	SRH TOTAL RETURN FUND INC	885,921 (+2.3%)	$15.15M (-5.6%)	1.1%	$15.04	—	COM	101507101
—	WSTRN AST GLBL CORP OPP FD I	156,400 (+126.6%)	$1.683M (+106.5%)	0.1%	$11.11	—	COM	95790C107
—	BLACKROCK SCIENCE & TECHNOLO	61,400 (+162.4%)	$1.36M (+157.1%)	0.1%	$22.33	—	SHS BEN INT	09260K101
—	EATON VANCE TAX ADVT DIV INC	841,582 (+6.5%)	$20.66M (+3.8%)	1.5%	$24.01	—	COM	27828G107
—	EATON VANCE SR FLTNG RTE TR	1,586,239 (+10.8%)	$16.72M (+4.8%)	1.2%	$11.14	—	COM	27828Q105
—	EATON VANCE TAX-ADVANTAGED G	245,856 (+2.7%)	$6.552M (-9.8%)	0.5%	$23.71	—	COM	27828U106
—	BNY MELLON HIGH YIELD STRATE	1,059,754 (+32.4%)	$2.586M (+30.3%)	0.2%	$2.41	—	SH BEN INT	09660L105
—	DOUBLELINE INCOME SOLUTIONS	557,025 (+15.6%)	$6.033M (+11.0%)	0.4%	$11.21	—	COM	258622109
—	BLACKROCK CORE BD TR	540,667 (+19.1%)	$4.953M (+13.7%)	0.4%	$9.52	—	SHS BEN INT	09249E101
—	WESTERN ASSET PREMIER BD FD	321,607 (+25.8%)	$3.403M (+20.6%)	0.2%	$12.34	—	SHS BEN INT	957664105
—	FEDERATED HERMES PREM MUNI I	90,804 (+108.7%)	$992K (+105.3%)	0.1%	$10.98	—	COM	31423P108
—	EATON VANCE ENHANCED EQUITY	128,981 (+40.1%)	$2.639M (+22.5%)	0.2%	$22.56	—	COM	278277108
—	BLACKROCK HEALTH SCIENCES TR	233,260 (+1.7%)	$8.983M (-4.7%)	0.6%	$40.46	—	COM	09250W107
—	FLAHERTY & CRUMRINE PFD INCO	321,580 (+22.2%)	$2.907M (+16.9%)	0.2%	$9.56	—	COM	33848E106
—	MFS INTER INCOME TR	6,334,572 (+1.9%)	$15.9M (-2.0%)	1.1%	$2.96	—	SH BEN INT	55273C107
—	SPROTT FOCUS TR INC	153,133 (+15.0%)	$1.461M (+26.4%)	0.1%	$7.39	—	COM	85208J109
—	WESTERN ASSET INVT GRADE OPP	406,754 (+7.0%)	$6.545M (+4.3%)	0.5%	$16.82	—	COM	95790A101
—	FLAHERTY & CRUMRINE PFD INCO	79,397 (+40.3%)	$888K (+32.1%)	0.1%	$11.74	—	COM	338480106
—	EATON VANCE FLOATING RATE IN	823,135 (+2.9%)	$8.832M (-2.2%)	0.6%	$11.32	—	COM	278279104
—	CALAMOS GBL DYN INCOME FUND	238,687 (+11.9%)	$1.733M (+9.6%)	0.1%	$6.91	—	COM	12811L107
—	EATON VANCE SR INCOME TR	916,968 (+2.3%)	$4.576M (-3.1%)	0.3%	$5.32	—	SH BEN INT	27826S103
—	MFS GOVT MKTS INCOME TR	2,278,737 (+1.1%)	$6.699M (-1.7%)	0.5%	$3.43	—	SH BEN INT	552939100
—	DTF TAX-FREE INCOME 2028 TER	105,609 (+10.4%)	$1.209M (+10.7%)	0.1%	$13.51	—	COM	23334J107
—	JOHN HANCOCK DIVERSIFIED INC	133,909 (+3.2%)	$1.454M (+4.2%)	0.1%	$10.22	—	COM	47804L102
—	NYLI MACKAY DEFINEDTERM MUNI	39,088 (+11.5%)	$580K (+11.3%)	0.0%	$14.87	—	COM	56064K100
—	HANCOCK JOHN INVT TR II	514,942 (+6.3%)	$6.648M (+0.4%)	0.5%	$12.98	—	COM	410142103

Exited Positions (10)

XMVFX BLACKROCK MUNIVEST FD INC 0.2%

Value $2.297M Shares 331,403 Est. Cost $8.52 Unrealized —

XNXNX NUVEEN N Y SELECT TAX FREE I 0.2%

Value $2.25M Shares 186,446 Est. Cost $11.60 Unrealized —

— BLACKROCK MUNI INCOME TR II 0.2%

Value $2.107M Shares 201,831 Est. Cost $10.49 Unrealized —

— NUVEEN DOW 30 DYNMC OVERWRT 0.1%

Value $1.802M Shares 118,061 Est. Cost $13.90 Unrealized —

EFA ISHARES TR 0.1%

Value $1.551M Shares 16,150 Est. Cost $96.03 Unrealized —

— EATON VANCE TAX-MANAGED GLOB 0.1%

Value $1.236M Shares 129,714 Est. Cost $8.04 Unrealized —

— ALLSPRING GLOBAL DIVIDEND OP 0.1%

Value $867K Shares 148,768 Est. Cost $4.84 Unrealized —

— ROYCE MICRO-CAP TR INC 0.0%

Value $514K Shares 49,327 Est. Cost $7.85 Unrealized —

— GUGGENHEIM ACTIVE ALLOC FD 0.0%

Value $193K Shares 12,600 Est. Cost $15.33 Unrealized —

— CLOUGH GLOBAL OPPORTUNITIES 0.0%

Value $135K Shares 23,802 Est. Cost $5.36 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
XMVFX	BLACKROCK MUNIVEST FD INC	331,403	$2.297M	0.2%	$8.52	—	—	09253R105
XNXNX	NUVEEN N Y SELECT TAX FREE I	186,446	$2.25M	0.2%	$11.60	—	—	67063V104
—	BLACKROCK MUNI INCOME TR II	201,831	$2.107M	0.2%	$10.49	—	—	09249N101
—	NUVEEN DOW 30 DYNMC OVERWRT	118,061	$1.802M	0.1%	$13.90	—	—	67075F105
EFA	ISHARES TR	16,150	$1.551M	0.1%	$96.03	—	—	464287465
—	EATON VANCE TAX-MANAGED GLOB	129,714	$1.236M	0.1%	$8.04	—	—	27829F108
—	ALLSPRING GLOBAL DIVIDEND OP	148,768	$867K	0.1%	$4.84	—	—	94987C103
—	ROYCE MICRO-CAP TR INC	49,327	$514K	0.0%	$7.85	—	—	780915104
—	GUGGENHEIM ACTIVE ALLOC FD	12,600	$193K	0.0%	$15.33	—	—	40170T106
—	CLOUGH GLOBAL OPPORTUNITIES	23,802	$135K	0.0%	$5.36	—	—	18914E106

Decreased Positions (37)

EUFN ISHARES TR 7.7%

Value $107M (-24.1%) Shares 3,073,192 (-19.2%) Est. Cost $34.66 Unrealized —

FEZ SPDR INDEX SHS FDS 10.5%

Value $146M (-15.7%) Shares 2,350,515 (-12.6%) Est. Cost $63.61 Unrealized —

BKLN INVESCO EXCH TRADED FD TR II 3.0%

Value $41.57M (-31.9%) Shares 2,036,575 (-29.9%) Est. Cost $20.99 Unrealized —

EZU ISHARES INC 1.0%

Value $14.02M (-55.5%) Shares 223,752 (-54.4%) Est. Cost $43.91 Unrealized —

EWL ISHARES INC 5.5%

Value $76.72M (-14.4%) Shares 1,304,522 (-12.7%) Est. Cost $51.91 Unrealized —

— NUVEEN MUN VALUE FD INC 0.4%

Value $5.616M (-67.4%) Shares 624,720 (-67.2%) Est. Cost $9.01 Unrealized —

AGG ISHARES TR 1.9%

Value $26.92M (-25.2%) Shares 271,133 (-24.8%) Est. Cost $97.25 Unrealized —

BBJP J P MORGAN EXCHANGE TRADED F 7.5%

Value $104M (-7.0%) Shares 1,507,130 (-11.0%) Est. Cost $62.09 Unrealized —

— NUVEEN NASDAQ 100 DYNAMIC OV 0.6%

Value $8.96M (-38.9%) Shares 335,968 (-34.6%) Est. Cost $24.89 Unrealized —

IEF ISHARES TR 0.8%

Value $10.74M (-33.7%) Shares 112,551 (-33.2%) Est. Cost $105.34 Unrealized —

— JAPAN SMALLER CAPITALIZATION 2.8%

Value $39.07M (-11.6%) Shares 3,584,600 (-10.2%) Est. Cost $8.92 Unrealized —

— ADAMS DIVERSIFIED EQUITY FD 0.5%

Value $6.916M (-41.7%) Shares 315,928 (-37.9%) Est. Cost $15.60 Unrealized —

USHY ISHARES TR 3.8%

Value $52.61M (-8.4%) Shares 1,428,025 (-7.0%) Est. Cost $36.80 Unrealized —

— NEW GERMANY FD INC 0.8%

Value $10.9M (-23.9%) Shares 1,066,357 (-14.9%) Est. Cost $14.52 Unrealized —

— TEMPLETON EMERGING MKTS FD 0.6%

Value $7.66M (-26.2%) Shares 437,936 (-28.2%) Est. Cost $14.54 Unrealized —

— EUROPEAN EQUITY FD INC 1.0%

Value $14.01M (-14.8%) Shares 1,416,500 (-11.3%) Est. Cost $7.75 Unrealized —

— ABRDN AUSTRALIA EQUITY FD IN 0.4%

Value $5.569M (-29.6%) Shares 459,489 (-25.0%) Est. Cost $12.92 Unrealized —

— LIBERTY ALL STAR EQUITY FD 0.5%

Value $6.357M (-25.2%) Shares 1,338,233 (-1.2%) Est. Cost $6.31 Unrealized —

VMBS VANGUARD SCOTTSDALE FDS 1.1%

Value $15.73M (-9.8%) Shares 334,940 (-9.5%) Est. Cost $45.80 Unrealized —

— GABELLI DIVID & INCOME TR 0.1%

Value $722K (-69.2%) Shares 26,820 (-68.3%) Est. Cost $20.49 Unrealized —

— ABRDN EMERGING MARKETS EX CH 0.7%

Value $9.085M (-14.5%) Shares 1,246,229 (-17.9%) Est. Cost $6.75 Unrealized —

— TAIWAN FD INC 0.5%

Value $7.527M (+17.5%) Shares 114,489 (-4.6%) Est. Cost $18.57 Unrealized —

— MORGAN STANLEY CHINA A SH FD 0.7%

Value $10.34M (-8.2%) Shares 591,112 (-8.9%) Est. Cost $23.37 Unrealized —

— WESTERN ASSET MANAGED MUNS F 1.0%

Value $13.68M (-5.8%) Shares 1,330,555 (-4.3%) Est. Cost $11.07 Unrealized —

— KOREA FD INC 0.4%

Value $4.907M (+18.8%) Shares 109,286 (-3.9%) Est. Cost $34.43 Unrealized —

XLK SELECT SECTOR SPDR TR 0.1%

Value $707K (-40.3%) Shares 5,320 (-35.3%) Est. Cost $143.97 Unrealized —

— VOYA EMERGING MKTS HIGH DIVI 0.1%

Value $1.385M (-18.2%) Shares 207,969 (-23.0%) Est. Cost $7.41 Unrealized —

— ABRDN INCOME CREDIT STRATEGI 0.1%

Value $1.981M (-11.7%) Shares 388,341 (-6.3%) Est. Cost $5.93 Unrealized —

— ABRDN LIFE SCIENCES INVESTOR 0.1%

Value $1.693M (-12.3%) Shares 104,063 (-9.6%) Est. Cost $14.05 Unrealized —

— NUVEEN N Y MUN VALUE FD 0.4%

Value $5.126M (-4.0%) Shares 613,911 (-1.5%) Est. Cost $8.49 Unrealized —

— PIMCO DYNAMIC INCOME STRATEG 0.1%

Value $1.901M (+10.6%) Shares 86,165 (-5.8%) Est. Cost $20.16 Unrealized —

— VIRTUS GLOBAL MULTI-SECTOR I 0.1%

Value $913K (-13.9%) Shares 123,688 (-8.5%) Est. Cost $7.72 Unrealized —

EWC ISHARES INC 0.2%

Value $2.961M (-4.5%) Shares 54,046 (-6.0%) Est. Cost $53.93 Unrealized —

— FIRST TR MTG INCOME FD 0.1%

Value $725K (-16.0%) Shares 61,582 (-13.3%) Est. Cost $15.04 Unrealized —

— NUVEEN SELECT MAT MUN FD 0.5%

Value $7.507M (+0.5%) Shares 794,382 (-1.0%) Est. Cost $9.00 Unrealized —

— MEXICO FD INC 0.2%

Value $2.704M (+0.5%) Shares 129,189 (-3.3%) Est. Cost $14.98 Unrealized —

— EATON VANCE NATL MUN OPPORT 0.6%

Value $8.922M (+0.1%) Shares 521,162 (-1.1%) Est. Cost $17.44 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
EUFN	ISHARES TR	3,073,192 (-19.2%)	$107M (-24.1%)	7.7%	$34.66	—	MSCI EURO FL ETF	464289180
FEZ	SPDR INDEX SHS FDS	2,350,515 (-12.6%)	$146M (-15.7%)	10.5%	$63.61	—	STATE STREET SPD	78463X202
BKLN	INVESCO EXCH TRADED FD TR II	2,036,575 (-29.9%)	$41.57M (-31.9%)	3.0%	$20.99	—	SR LN ETF	46138G508
EZU	ISHARES INC	223,752 (-54.4%)	$14.02M (-55.5%)	1.0%	$43.91	—	MSCI EURZONE ETF	464286608
EWL	ISHARES INC	1,304,522 (-12.7%)	$76.72M (-14.4%)	5.5%	$51.91	—	MSCI SWITZERLAND	464286749
—	NUVEEN MUN VALUE FD INC	624,720 (-67.2%)	$5.616M (-67.4%)	0.4%	$9.01	—	COM	670928100
AGG	ISHARES TR	271,133 (-24.8%)	$26.92M (-25.2%)	1.9%	$97.25	—	CORE US AGGBD ET	464287226
BBJP	J P MORGAN EXCHANGE TRADED F	1,507,130 (-11.0%)	$104M (-7.0%)	7.5%	$62.09	—	BETABULDRS JAPAN	46641Q217
—	NUVEEN NASDAQ 100 DYNAMIC OV	335,968 (-34.6%)	$8.96M (-38.9%)	0.6%	$24.89	—	COM SHS	670699107
IEF	ISHARES TR	112,551 (-33.2%)	$10.74M (-33.7%)	0.8%	$105.34	—	7-10 YR TRSY BD	464287440
—	JAPAN SMALLER CAPITALIZATION	3,584,600 (-10.2%)	$39.07M (-11.6%)	2.8%	$8.92	—	COM	47109U104
—	ADAMS DIVERSIFIED EQUITY FD	315,928 (-37.9%)	$6.916M (-41.7%)	0.5%	$15.60	—	COM	006212104
USHY	ISHARES TR	1,428,025 (-7.0%)	$52.61M (-8.4%)	3.8%	$36.80	—	BROAD USD HIGH	46435U853
—	NEW GERMANY FD INC	1,066,357 (-14.9%)	$10.9M (-23.9%)	0.8%	$14.52	—	COM	644465106
—	TEMPLETON EMERGING MKTS FD	437,936 (-28.2%)	$7.66M (-26.2%)	0.6%	$14.54	—	COM	880191101
—	EUROPEAN EQUITY FD INC	1,416,500 (-11.3%)	$14.01M (-14.8%)	1.0%	$7.75	—	COM	298768102
—	ABRDN AUSTRALIA EQUITY FD IN	459,489 (-25.0%)	$5.569M (-29.6%)	0.4%	$12.92	—	COM	003011111
—	LIBERTY ALL STAR EQUITY FD	1,338,233 (-1.2%)	$6.357M (-25.2%)	0.5%	$6.31	—	SH BEN INT	530158104
VMBS	VANGUARD SCOTTSDALE FDS	334,940 (-9.5%)	$15.73M (-9.8%)	1.1%	$45.80	—	MTG-BKD SECS ETF	92206C771
—	GABELLI DIVID & INCOME TR	26,820 (-68.3%)	$722K (-69.2%)	0.1%	$20.49	—	COM	36242H104
—	ABRDN EMERGING MARKETS EX CH	1,246,229 (-17.9%)	$9.085M (-14.5%)	0.7%	$6.75	—	COM	00301W105
—	TAIWAN FD INC	114,489 (-4.6%)	$7.527M (+17.5%)	0.5%	$18.57	—	COM	874036106
—	MORGAN STANLEY CHINA A SH FD	591,112 (-8.9%)	$10.34M (-8.2%)	0.7%	$23.37	—	COM	617468103
—	WESTERN ASSET MANAGED MUNS F	1,330,555 (-4.3%)	$13.68M (-5.8%)	1.0%	$11.07	—	COM	95766M105
—	KOREA FD INC	109,286 (-3.9%)	$4.907M (+18.8%)	0.4%	$34.43	—	COM NEW	500634209
XLK	SELECT SECTOR SPDR TR	5,320 (-35.3%)	$707K (-40.3%)	0.1%	$143.97	—	STATE STREET TEC	81369Y803
—	VOYA EMERGING MKTS HIGH DIVI	207,969 (-23.0%)	$1.385M (-18.2%)	0.1%	$7.41	—	COM	92912P108
—	ABRDN INCOME CREDIT STRATEGI	388,341 (-6.3%)	$1.981M (-11.7%)	0.1%	$5.93	—	COM	003057106
—	ABRDN LIFE SCIENCES INVESTOR	104,063 (-9.6%)	$1.693M (-12.3%)	0.1%	$14.05	—	SH BEN INT	87911K100
—	NUVEEN N Y MUN VALUE FD	613,911 (-1.5%)	$5.126M (-4.0%)	0.4%	$8.49	—	COM	67062M105
—	PIMCO DYNAMIC INCOME STRATEG	86,165 (-5.8%)	$1.901M (+10.6%)	0.1%	$20.16	—	COM SHS BEN INT	69346N107
—	VIRTUS GLOBAL MULTI-SECTOR I	123,688 (-8.5%)	$913K (-13.9%)	0.1%	$7.72	—	COM	92829B101
EWC	ISHARES INC	54,046 (-6.0%)	$2.961M (-4.5%)	0.2%	$53.93	—	MSCI CDA ETF	464286509
—	FIRST TR MTG INCOME FD	61,582 (-13.3%)	$725K (-16.0%)	0.1%	$15.04	—	COM SHS	33734E103
—	NUVEEN SELECT MAT MUN FD	794,382 (-1.0%)	$7.507M (+0.5%)	0.5%	$9.00	—	SH BEN INT	67061T101
—	MEXICO FD INC	129,189 (-3.3%)	$2.704M (+0.5%)	0.2%	$14.98	—	COM	592835102
—	EATON VANCE NATL MUN OPPORT	521,162 (-1.1%)	$8.922M (+0.1%)	0.6%	$17.44	—	COM SHS	27829L105

Unchanged Positions (35)

— BLACKROCK SCIENCE & TECHNOLO 1.0%

Value $13.62M Shares 374,820 Est. Cost $37.14 Unrealized —

— HANCOCK JOHN INCOME SECS TR 0.9%

Value $12.69M Shares 1,160,052 Est. Cost $12.43 Unrealized —

— PGIM SHORT DUR HIG YLD OPP F 2.0%

Value $27.53M Shares 1,718,318 Est. Cost $16.49 Unrealized —

— FLAHERTY & CRUMRIN PFD & INM 0.4%

Value $5.27M Shares 340,251 Est. Cost $15.46 Unrealized —

— EATON VANCE TAX MNGED BUY WR 0.3%

Value $4.296M Shares 297,953 Est. Cost $13.16 Unrealized —

— CENTRAL SECS CORP 0.7%

Value $9.358M Shares 188,443 Est. Cost $31.51 Unrealized —

— WESTERN ASSET INVESTMENT GRA 0.6%

Value $8.708M Shares 720,002 Est. Cost $12.40 Unrealized —

— WESTERN AST INFL LKD OPP & I 0.7%

Value $10.09M Shares 1,192,990 Est. Cost $9.91 Unrealized —

— ALLSPRING MULTI SECTOR INCOM 0.3%

Value $4.736M Shares 525,628 Est. Cost $9.23 Unrealized —

— GENERAL AMERN INVS CO INC 1.2%

Value $16.15M Shares 276,264 Est. Cost $34.47 Unrealized —

— BLACKROCK INCOME TR INC 0.2%

Value $2.937M Shares 277,822 Est. Cost $11.45 Unrealized —

— PUTNAM MUN OPPORTUNITIES TR 0.2%

Value $3.204M Shares 311,109 Est. Cost $10.61 Unrealized —

— ALLSPRING UTILITIES AND HIGH 0.3%

Value $3.853M Shares 318,463 Est. Cost $10.34 Unrealized —

— FIRST TR HIGH YIELD OPPRT 20 0.2%

Value $2.384M Shares 176,198 Est. Cost $14.59 Unrealized —

LQD ISHARES TR 0.5%

Value $6.573M Shares 60,310 Est. Cost $107.04 Unrealized —

— EATON VANCE TAX-MANAGED BUY- 0.1%

Value $1.289M Shares 94,313 Est. Cost $14.26 Unrealized —

— FLAHERTY & CRUMRINE DYNAMIC 0.2%

Value $2.16M Shares 107,617 Est. Cost $21.42 Unrealized —

— MORGAN STANLEY INDIA INVT FD 0.0%

Value $241K Shares 11,706 Est. Cost $19.37 Unrealized —

— NUVEEN AMT-FREE MUN VALUE FD 1.1%

Value $15.57M Shares 1,086,368 Est. Cost $14.91 Unrealized —

— NUVEEN MULTI-MKT INCOME FD I 0.1%

Value $1.814M Shares 307,972 Est. Cost $7.13 Unrealized —

— CLOUGH GLOBAL EQUITY FD 0.2%

Value $2.429M Shares 322,529 Est. Cost $6.75 Unrealized —

— BROOKFIELD REAL ASSETS INCOM 0.4%

Value $5.183M Shares 403,070 Est. Cost $13.44 Unrealized —

— FIRST TR SR FLTG RATE INCOME 0.1%

Value $914K Shares 94,819 Est. Cost $9.84 Unrealized —

— BNY MELLON MUN BD INFRASTRUC 0.1%

Value $771K Shares 73,129 Est. Cost $11.16 Unrealized —

— NEUBERGER MUN FD INC 0.7%

Value $10.22M Shares 1,006,539 Est. Cost $10.33 Unrealized —

— COLUMBIA SELIGM PREM TECH GR 0.1%

Value $909K Shares 23,955 Est. Cost $36.79 Unrealized —

— BNY MELLON STRATEGIC MUN BD 0.1%

Value $958K Shares 159,401 Est. Cost $6.23 Unrealized —

— PUTNAM MASTER INTER INCOME T 0.1%

Value $1.121M Shares 342,922 Est. Cost $3.34 Unrealized —

— MFS MULTIMARKET INCOME TR 0.2%

Value $3.374M Shares 730,280 Est. Cost $4.64 Unrealized —

— INVESCO SR INCOME TR 0.1%

Value $1.222M Shares 379,461 Est. Cost $3.27 Unrealized —

— PUTNAM PREMIER INCOME TR 0.4%

Value $6.202M Shares 1,747,144 Est. Cost $3.70 Unrealized —

— BNY MELLON STRATEGIC MUNS IN 0.1%

Value $1.297M Shares 206,145 Est. Cost $6.51 Unrealized —

— DWS MUN INCOME TR 0.7%

Value $10.38M Shares 1,140,943 Est. Cost $10.82 Unrealized —

— ALLIANCEBERNSTEIN NATL MUN I 0.0%

Value $384K Shares 35,947 Est. Cost $12.86 Unrealized —

— WESTERN ASSET INTER MUNI 0.2%

Value $3.362M Shares 437,801 Est. Cost $8.77 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	BLACKROCK SCIENCE & TECHNOLO	374,820	$13.62M	1.0%	$37.14	—	SHS	09258G104
—	HANCOCK JOHN INCOME SECS TR	1,160,052	$12.69M	0.9%	$12.43	—	COM	410123103
—	PGIM SHORT DUR HIG YLD OPP F	1,718,318	$27.53M	2.0%	$16.49	—	COM	69355J104
—	FLAHERTY & CRUMRIN PFD & INM	340,251	$5.27M	0.4%	$15.46	—	COM	338478100
—	EATON VANCE TAX MNGED BUY WR	297,953	$4.296M	0.3%	$13.16	—	COM	27828X100
—	CENTRAL SECS CORP	188,443	$9.358M	0.7%	$31.51	—	COM	155123102
—	WESTERN ASSET INVESTMENT GRA	720,002	$8.708M	0.6%	$12.40	—	COM	95766T100
—	WESTERN AST INFL LKD OPP & I	1,192,990	$10.09M	0.7%	$9.91	—	COM	95766R104
—	ALLSPRING MULTI SECTOR INCOM	525,628	$4.736M	0.3%	$9.23	—	COM	94987D101
—	GENERAL AMERN INVS CO INC	276,264	$16.15M	1.2%	$34.47	—	COM	368802104
—	BLACKROCK INCOME TR INC	277,822	$2.937M	0.2%	$11.45	—	COM NEW	09247F209
—	PUTNAM MUN OPPORTUNITIES TR	311,109	$3.204M	0.2%	$10.61	—	SH BEN INT	746922103
—	ALLSPRING UTILITIES AND HIGH	318,463	$3.853M	0.3%	$10.34	—	WF UTILITIES INC	94987E109
—	FIRST TR HIGH YIELD OPPRT 20	176,198	$2.384M	0.2%	$14.59	—	COM	33741Q107
LQD	ISHARES TR	60,310	$6.573M	0.5%	$107.04	—	IBOXX INV CP ETF	464287242
—	EATON VANCE TAX-MANAGED BUY-	94,313	$1.289M	0.1%	$14.26	—	COM	27828Y108
—	FLAHERTY & CRUMRINE DYNAMIC	107,617	$2.16M	0.2%	$21.42	—	SHS	33848W106
—	MORGAN STANLEY INDIA INVT FD	11,706	$241K	0.0%	$19.37	—	COM	61745C105
—	NUVEEN AMT-FREE MUN VALUE FD	1,086,368	$15.57M	1.1%	$14.91	—	COM	670695105
—	NUVEEN MULTI-MKT INCOME FD I	307,972	$1.814M	0.1%	$7.13	—	COM	67075J107
—	CLOUGH GLOBAL EQUITY FD	322,529	$2.429M	0.2%	$6.75	—	COM	18914C100
—	BROOKFIELD REAL ASSETS INCOM	403,070	$5.183M	0.4%	$13.44	—	SHS BEN INT	112830104
—	FIRST TR SR FLTG RATE INCOME	94,819	$914K	0.1%	$9.84	—	COM	33733U108
—	BNY MELLON MUN BD INFRASTRUC	73,129	$771K	0.1%	$11.16	—	COM SHS	09662W109
—	NEUBERGER MUN FD INC	1,006,539	$10.22M	0.7%	$10.33	—	COM	64124P101
—	COLUMBIA SELIGM PREM TECH GR	23,955	$909K	0.1%	$36.79	—	COM	19842X109
—	BNY MELLON STRATEGIC MUN BD	159,401	$958K	0.1%	$6.23	—	COM	09662E109
—	PUTNAM MASTER INTER INCOME T	342,922	$1.121M	0.1%	$3.34	—	SH BEN INT	746909100
—	MFS MULTIMARKET INCOME TR	730,280	$3.374M	0.2%	$4.64	—	SH BEN INT	552737108
—	INVESCO SR INCOME TR	379,461	$1.222M	0.1%	$3.27	—	COM	46131H107
—	PUTNAM PREMIER INCOME TR	1,747,144	$6.202M	0.4%	$3.70	—	SH BEN INT	746853100
—	BNY MELLON STRATEGIC MUNS IN	206,145	$1.297M	0.1%	$6.51	—	COM	05588W108
—	DWS MUN INCOME TR	1,140,943	$10.38M	0.7%	$10.82	—	COM	233368109
—	ALLIANCEBERNSTEIN NATL MUN I	35,947	$384K	0.0%	$12.86	—	COM	01864U106
—	WESTERN ASSET INTER MUNI	437,801	$3.362M	0.2%	$8.77	—	COM	958435109