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 10,744 1,935,808 SH   SOLE   1,935,808 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 1,360 137,004 SH   SOLE   137,004 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 5,805 690,238 SH   SOLE   690,238 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 6,548 394,434 SH   SOLE   394,434 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 16,558 2,445,774 SH   SOLE   2,445,774 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 7,925 350,988 SH   SOLE   350,988 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 8,799 738,156 SH   SOLE   738,156 0 0
ADAMS EXPRESS CO COM 006212104 11,594 847,500 SH   SOLE   847,500 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 61,222 8,195,671 SH   SOLE   8,195,671 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 3,884 187,800 SH   SOLE   187,800 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 2,494 253,442 SH   SOLE   253,442 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 195 27,000 SH   SOLE   27,000 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 39,030 4,597,180 SH   SOLE   4,597,180 0 0
ASIA PAC FD INC COM 044901106 3,014 267,204 SH   SOLE   267,204 0 0
ASIA TIGERS FD INC COM 04516T105 877 78,253 SH   SOLE   78,253 0 0
BANCROFT FUND LTD COM 059695106 2,277 113,522 SH   SOLE   113,522 0 0
BLACKROCK BUILD AMER BD TR SHS 09248X100 681 30,749 SH   SOLE   30,749 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 17,335 1,313,259 SH   SOLE   1,313,259 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 19,142 1,481,559 SH   SOLE   1,481,559 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 6,134 755,414 SH   SOLE   755,414 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 12,432 871,803 SH   SOLE   871,803 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 34,735 2,645,458 SH   SOLE   2,645,458 0 0
BLACKROCK INCOME TR INC COM 09247F100 22,554 3,524,136 SH   SOLE   3,524,136 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 14,734 2,186,034 SH   SOLE   2,186,034 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 634 44,000 SH   SOLE   44,000 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 4,713 327,781 SH   SOLE   327,781 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 47,717 4,914,216 SH   SOLE   4,914,216 0 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 4,104 197,864 SH   SOLE   197,864 0 0
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 1,004 48,081 SH   SOLE   48,081 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 6,417 713,813 SH   SOLE   713,813 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 5,891 297,834 SH   SOLE   297,834 0 0
CENTRAL SECS CORP COM 155123102 2,793 127,132 SH   SOLE   127,132 0 0
CHINA FD INC COM 169373107 3,371 184,917 SH   SOLE   184,917 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913Y103 2,316 156,790 SH   SOLE   156,790 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 10,497 724,945 SH   SOLE   724,945 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 10,440 814,376 SH   SOLE   814,376 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 19,714 867,678 SH   SOLE   867,678 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 1,037 85,100 SH   SOLE   85,100 0 0
CUTWATER SELECT INCOME FD COM 232229104 8,082 417,896 SH   SOLE   417,896 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,150 102,001 SH   SOLE   102,001 0 0
DEUTSCHE GLOBAL HIGH INCOME COM 25158V108 1,489 189,929 SH   SOLE   189,929 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 1,790 82,703 SH   SOLE   82,703 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 855 87,205 SH   SOLE   87,205 0 0
EATON VANCE MUN BD FD COM 27827X101 5,087 396,469 SH   SOLE   396,469 0 0
EATON VANCE RISK MNGD DIV EQ COM 27829G106 2,123 199,160 SH   SOLE   199,160 0 0
ELLSWORTH FUND LTD COM 289074106 2,680 307,637 SH   SOLE   307,637 0 0
EUROPEAN EQUITY FUND COM 298768102 10,814 1,313,922 SH   SOLE   1,313,922 0 0
FIRST TR DIVIDEND INCOME FD COM 33731L100 139 15,000 SH   SOLE   15,000 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 3,323 202,033 SH   SOLE   202,033 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 10,295 692,768 SH   SOLE   692,768 0 0
FORT DEARBORN INCOME SECS IN COM 347200107 11,301 799,205 SH   SOLE   799,205 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 155 14,820 SH   SOLE   14,820 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 303 15,585 SH   SOLE   15,585 0 0
GDL FUND COM SH BEN IT 361570104 2,408 235,399 SH   SOLE   235,399 0 0
GENERAL AMERN INVS INC COM 368802104 9,589 273,972 SH   SOLE   273,972 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 1,583 110,776 SH   SOLE   110,776 0 0
INDIA FD INC COM 454089103 280 10,858 SH   SOLE   10,858 0 0
INVESCO BD FD COM 46132L107 6,865 373,101 SH   SOLE   373,101 0 0
ISHARES MSCI AUST ETF 464286103 71,256 3,214,057 SH   SOLE   3,214,057 0 0
ISHARES MSCI CDA ETF 464286509 2,216 76,800 SH   SOLE   76,800 0 0
ISHARES MSCI FRANCE ETF 464286707 16,977 688,712 SH   SOLE   688,712 0 0
ISHARES MSCI GERMANY ETF 464286806 29,362 1,071,200 SH   SOLE   1,071,200 0 0
ISHARES MSCI JAPAN ETF 464286848 119,926 10,669,532 SH   SOLE   10,669,532 0 0
ISHARES TR MSCI EAFE ETF 464287465 15,295 251,400 SH   SOLE   251,400 0 0
ISHARES TR MSCI UTD KNGDM 46434V548 48,527 2,691,460 SH   SOLE   2,691,460 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 29,784 3,320,413 SH   SOLE   3,320,413 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 2,995 177,125 SH   SOLE   177,125 0 0
KOREA EQUITY FD INC COM 50063B104 3,548 460,829 SH   SOLE   460,829 0 0
KOREA FD COM NEW 500634209 18,806 501,215 SH   SOLE   501,215 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 2,069 185,571 SH   SOLE   185,571 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 15,561 984,239 SH   SOLE   984,239 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 9,271 554,814 SH   SOLE   554,814 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 10,294 1,721,431 SH   SOLE   1,721,431 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 2,139 86,540 SH   SOLE   86,540 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 1,041 87,707 SH   SOLE   87,707 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,514 278,679 SH   SOLE   278,679 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 5,778 628,775 SH   SOLE   628,775 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 2,455 432,965 SH   SOLE   432,965 0 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 2,607 312,537 SH   SOLE   312,537 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 6,269 964,464 SH   SOLE   964,464 0 0
MONTGOMERY STR INCOME SECS I COM 614115103 25,836 1,571,721 SH   SOLE   1,571,721 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 19,442 1,309,194 SH   SOLE   1,309,194 0 0
MORGAN STANLEY EASTN EUR FD COM 616988101 2,377 172,102 SH   SOLE   172,102 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 1,932 212,520 SH   SOLE   212,520 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 7,917 544,107 SH   SOLE   544,107 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 17,083 952,748 SH   SOLE   952,748 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 3,866 730,898 SH   SOLE   730,898 0 0
NEW GERMANY FD INC COM 644465106 19,900 1,417,789 SH   SOLE   1,417,789 0 0
NEW IRELAND FUND INC COM 645673104 4,857 384,862 SH   SOLE   384,862 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 773 36,500 SH   SOLE   36,500 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 6,614 301,322 SH   SOLE   301,322 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 2,704 207,823 SH   SOLE   207,823 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 8,970 519,982 SH   SOLE   519,982 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 2,943 383,644 SH   SOLE   383,644 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 6,959 509,419 SH   SOLE   509,419 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 5,039 369,700 SH   SOLE   369,700 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 5,983 428,615 SH   SOLE   428,615 0 0
PETROLEUM & RES CORP COM 716549100 4,482 188,011 SH   SOLE   188,011 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 11,696 2,431,576 SH   SOLE   2,431,576 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 25,464 4,850,207 SH   SOLE   4,850,207 0 0
ROYCE FOCUS TR COM 78080N108 705 96,911 SH   SOLE   96,911 0 0
ROYCE VALUE TR INC COM 780910105 1,589 110,896 SH   SOLE   110,896 0 0
SOURCE CAP INC COM 836144105 340 4,755 SH   SOLE   4,755 0 0
SWISS HELVETIA FD INC COM 870875101 37,134 3,333,391 SH   SOLE   3,333,391 0 0
TAIWAN FD INC COM 874036106 4,376 267,674 SH   SOLE   267,674 0 0
TEMPLETON DRAGON FD INC COM 88018T101 15,162 630,696 SH   SOLE   630,696 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 8,478 549,802 SH   SOLE   549,802 0 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 1,002 111,364 SH   SOLE   111,364 0 0
THAI FD INC COM 882904105 8,935 757,935 SH   SOLE   757,935 0 0
TORTOISE ENERGY INDEPENDENC COM 89148K101 792 41,820 SH   SOLE   41,820 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 18,734 926,487 SH   SOLE   926,487 0 0
TRI CONTL CORP COM 895436103 14,861 694,114 SH   SOLE   694,114 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 75,596 1,442,400 SH   SOLE   1,442,400 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 3,475 219,256 SH   SOLE   219,256 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 4,958 478,537 SH   SOLE   478,537 0 0
WELLS FARGO ADV GLB DIV OPP COM 94987C103 446 59,606 SH   SOLE   59,606 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 1,928 141,425 SH   SOLE   141,425 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 45,727 4,046,654 SH   SOLE   4,046,654 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 20,310 1,750,905 SH   SOLE   1,750,905 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,480 135,164 SH   SOLE   135,164 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 14,752 829,688 SH   SOLE   829,688 0 0
WESTERN ASSET INCOME FD COM 95766T100 13,245 984,745 SH   SOLE   984,745 0 0
ZWEIG FD COM NEW 989834205 4,621 298,899 SH   SOLE   298,899 0 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,681 119,995 SH   SOLE   119,995 0 0