The Securities and Exchange Commission has not necessarily reviewed the information in this filing and has not determined if it is accurate and complete.
The reader should not assume that the information is accurate and complete.

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE
OMB APPROVAL
OMB Number: 3235-0006
Estimated average burden
hours per response: 23.8
COLUMN 1 COLUMN 2 COLUMN 3 COLUMN 4 COLUMN 5 COLUMN 6 COLUMN 7 COLUMN 8
VALUE SHRS OR SH/ PUT/ INVESTMENT OTHER VOTING AUTHORITY
NAME OF ISSUER TITLE OF CLASS CUSIP (x$1000) PRN AMT PRN CALL DISCRETION MANAGER SOLE SHARED NONE
ABERDEEN ASIA PACIFIC INCOM COM 003009107 10,463 1,944,808 SH   SOLE   1,944,808 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 1,407 137,004 SH   SOLE   137,004 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 5,322 691,138 SH   SOLE   691,138 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 6,958 394,904 SH   SOLE   394,904 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 20,107 2,482,341 SH   SOLE   2,482,341 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 7,417 365,729 SH   SOLE   365,729 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 8,373 737,101 SH   SOLE   737,101 0 0
ADAM NAT RES FD INC COM 00548F105 3,471 149,914 SH   SOLE   149,914 0 0
ADAMS EXPRESS CO COM 006212104 11,687 837,147 SH   SOLE   837,147 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 298 44,376 SH   SOLE   44,376 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 63,894 8,276,421 SH   SOLE   8,276,421 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 3,512 177,300 SH   SOLE   177,300 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 2,551 247,442 SH   SOLE   247,442 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 432 63,223 SH   SOLE   63,223 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 43,391 4,869,970 SH   SOLE   4,869,970 0 0
ASIA PAC FD INC COM 044901106 2,867 246,904 SH   SOLE   246,904 0 0
ASIA TIGERS FD INC COM 04516T105 866 75,010 SH   SOLE   75,010 0 0
BANCROFT FUND LTD COM 059695106 2,257 107,822 SH   SOLE   107,822 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 18,525 1,340,454 SH   SOLE   1,340,454 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 19,997 1,485,659 SH   SOLE   1,485,659 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 5,883 716,514 SH   SOLE   716,514 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 12,314 887,047 SH   SOLE   887,047 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 39,090 2,816,278 SH   SOLE   2,816,278 0 0
BLACKROCK INCOME TR INC COM 09247F100 23,234 3,619,004 SH   SOLE   3,619,004 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 15,390 2,170,634 SH   SOLE   2,170,634 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,381 94,000 SH   SOLE   94,000 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 4,042 281,274 SH   SOLE   281,274 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 47,984 5,019,214 SH   SOLE   5,019,214 0 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 3,731 190,378 SH   SOLE   190,378 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 7,851 877,237 SH   SOLE   877,237 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 6,105 297,798 SH   SOLE   297,798 0 0
CENTRAL SECS CORP COM 155123102 2,628 120,532 SH   SOLE   120,532 0 0
CHINA FD INC COM 169373107 3,985 205,922 SH   SOLE   205,922 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913Y103 2,236 148,590 SH   SOLE   148,590 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 10,699 711,845 SH   SOLE   711,845 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 9,172 736,076 SH   SOLE   736,076 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 19,811 871,982 SH   SOLE   871,982 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 1,030 82,900 SH   SOLE   82,900 0 0
CUTWATER SELECT INCOME FD COM 232229104 8,239 411,746 SH   SOLE   411,746 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,664 145,101 SH   SOLE   145,101 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 1,380 164,729 SH   SOLE   164,729 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 1,548 78,387 SH   SOLE   78,387 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 1,484 151,844 SH   SOLE   151,844 0 0
EATON VANCE MUN BD FD COM 27827X101 6,061 469,469 SH   SOLE   469,469 0 0
EATON VANCE RISK MNGD DIV EQ COM 27829G106 2,258 208,660 SH   SOLE   208,660 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 2,568 293,137 SH   SOLE   293,137 0 0
EUROPEAN EQUITY FUND COM 298768102 10,479 1,196,224 SH   SOLE   1,196,224 0 0
FIRST TR DIVIDEND INCOME FD COM 33731L100 166 18,702 SH   SOLE   18,702 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 3,251 199,520 SH   SOLE   199,520 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 10,536 709,943 SH   SOLE   709,943 0 0
FORT DEARBORN INCOME SECS IN COM 347200107 11,485 799,205 SH   SOLE   799,205 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 819 67,300 SH   SOLE   67,300 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 157 14,820 SH   SOLE   14,820 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 542 29,235 SH   SOLE   29,235 0 0
GDL FUND COM SH BEN IT 361570104 2,532 245,091 SH   SOLE   245,091 0 0
GENERAL AMERN INVS INC COM 368802104 9,159 261,838 SH   SOLE   261,838 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 2,663 186,119 SH   SOLE   186,119 0 0
INVESCO BD FD COM 46132L107 6,977 373,101 SH   SOLE   373,101 0 0
ISHARES EMU ETF 464286608 22,955 595,000 SH   SOLE   595,000 0 0
ISHARES MSCI AUST ETF 464286103 73,510 3,215,657 SH   SOLE   3,215,657 0 0
ISHARES MSCI CDA ETF 464286509 1,730 63,664 SH   SOLE   63,664 0 0
ISHARES MSCI FRANCE ETF 464286707 17,711 681,712 SH   SOLE   681,712 0 0
ISHARES MSCI GERMANY ETF 464286806 37,485 1,256,200 SH   SOLE   1,256,200 0 0
ISHARES MSCI JAPAN ETF 464286848 134,730 10,752,632 SH   SOLE   10,752,632 0 0
ISHARES TR MSCI EAFE ETF 464287465 22,764 354,750 SH   SOLE   354,750 0 0
ISHARES TR MSCI UTD KNGDM 46434V548 41,161 2,285,460 SH   SOLE   2,285,460 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 34,831 3,504,160 SH   SOLE   3,504,160 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 3,699 204,800 SH   SOLE   204,800 0 0
KOREA EQUITY FD INC COM 50063B104 3,689 482,229 SH   SOLE   482,229 0 0
KOREA FD COM NEW 500634209 20,000 499,115 SH   SOLE   499,115 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 1,797 181,171 SH   SOLE   181,171 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 15,740 975,213 SH   SOLE   975,213 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 8,800 552,426 SH   SOLE   552,426 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 9,562 1,637,331 SH   SOLE   1,637,331 0 0
LIBERTY ALL-STAR GROWTH FD I COM 529900102 778 149,124 SH   SOLE   149,124 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 2,131 85,940 SH   SOLE   85,940 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 1,202 99,798 SH   SOLE   99,798 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,707 300,264 SH   SOLE   300,264 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 5,533 628,775 SH   SOLE   628,775 0 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 1,262 148,800 SH   SOLE   148,800 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 8,229 1,295,864 SH   SOLE   1,295,864 0 0
MONTGOMERY STR INCOME SECS I COM 614115103 26,636 1,577,021 SH   SOLE   1,577,021 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 19,989 1,267,949 SH   SOLE   1,267,949 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 4,087 124,142 SH   SOLE   124,142 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 1,970 212,520 SH   SOLE   212,520 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 8,217 552,954 SH   SOLE   552,954 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 17,064 952,748 SH   SOLE   952,748 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 3,767 694,998 SH   SOLE   694,998 0 0
NEW GERMANY FD INC COM 644465106 17,860 1,152,285 SH   SOLE   1,152,285 0 0
NEW IRELAND FUND INC COM 645673104 5,037 386,264 SH   SOLE   386,264 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 1,489 70,105 SH   SOLE   70,105 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 6,545 301,322 SH   SOLE   301,322 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 2,536 196,723 SH   SOLE   196,723 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 5,069 296,952 SH   SOLE   296,952 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 3,088 407,618 SH   SOLE   407,618 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 8,209 596,619 SH   SOLE   596,619 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 6,876 501,900 SH   SOLE   501,900 0 0
NUVEEN S&P 500 DYN OVERWRITE COM 6706EW100 499 35,748 SH   SOLE   35,748 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 7,589 538,615 SH   SOLE   538,615 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 11,918 2,432,322 SH   SOLE   2,432,322 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 25,872 4,909,207 SH   SOLE   4,909,207 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 27 3,400 SH   SOLE   3,400 0 0
ROYCE VALUE TR INC COM 780910105 1,479 103,296 SH   SOLE   103,296 0 0
SOURCE CAP INC COM 836144105 720 9,821 SH   SOLE   9,821 0 0
SPROTT FOCUS TR INC COM 85208J109 716 98,611 SH   SOLE   98,611 0 0
SWISS HELVETIA FD INC COM 870875101 41,234 3,573,149 SH   SOLE   3,573,149 0 0
TAIWAN FD INC COM 874036106 4,416 262,674 SH   SOLE   262,674 0 0
TEMPLETON DRAGON FD INC COM 88018T101 16,322 657,069 SH   SOLE   657,069 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 12,468 817,040 SH   SOLE   817,040 0 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 1,024 104,152 SH   SOLE   104,152 0 0
THAI FD INC COM 882904105 6,540 750,035 SH   SOLE   750,035 0 0
TORTOISE ENERGY INDEPENDENC COM 89148K101 209 10,409 SH   SOLE   10,409 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 18,943 929,487 SH   SOLE   929,487 0 0
TRI CONTL CORP COM 895436103 14,294 659,014 SH   SOLE   659,014 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 78,202 1,442,300 SH   SOLE   1,442,300 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 2,825 169,058 SH   SOLE   169,058 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 8,777 869,920 SH   SOLE   869,920 0 0
WELLS FARGO ADV GLB DIV OPP COM 94987C103 412 54,706 SH   SOLE   54,706 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 1,928 144,425 SH   SOLE   144,425 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 46,042 4,060,154 SH   SOLE   4,060,154 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 20,598 1,786,430 SH   SOLE   1,786,430 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 2,712 244,136 SH   SOLE   244,136 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 14,882 841,288 SH   SOLE   841,288 0 0
WESTERN ASSET INCOME FD COM 95766T100 13,698 984,745 SH   SOLE   984,745 0 0
ZWEIG FD COM NEW 989834205 4,377 284,599 SH   SOLE   284,599 0 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,536 112,295 SH   SOLE   112,295 0 0