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 9,732 1,549,608 SH   SOLE   1,549,608 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 1,455 139,244 SH   SOLE   139,244 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 6,619 698,238 SH   SOLE   698,238 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 7,093 396,710 SH   SOLE   396,710 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 15,811 2,223,742 SH   SOLE   2,223,742 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 10,369 346,933 SH   SOLE   346,933 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 9,595 734,656 SH   SOLE   734,656 0 0
ADAMS EXPRESS CO COM 006212104 10,619 772,295 SH   SOLE   772,295 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 58,362 7,760,871 SH   SOLE   7,760,871 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 1,570 77,700 SH   SOLE   77,700 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 761 72,446 SH   SOLE   72,446 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 34,317 3,847,168 SH   SOLE   3,847,168 0 0
AMERICAN INCOME FD INC COM 02672T109 789 101,508 SH   SOLE   101,508 0 0
ASIA PAC FD INC COM 044901106 2,670 241,596 SH   SOLE   241,596 0 0
ASIA TIGERS FD INC COM 04516T105 969 80,253 SH   SOLE   80,253 0 0
BANCROFT FUND LTD COM 059695106 2,321 115,022 SH   SOLE   115,022 0 0
BLACKROCK BUILD AMER BD TR SHS 09248X100 1,160 53,449 SH   SOLE   53,449 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 1,136 81,346 SH   SOLE   81,346 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 18,744 1,363,173 SH   SOLE   1,363,173 0 0
BLACKROCK ECOSOLUTIONS INVT COM SH 092546100 5,805 702,816 SH   SOLE   702,816 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 5,985 713,304 SH   SOLE   713,304 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 12,753 892,443 SH   SOLE   892,443 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 33,180 2,204,641 SH   SOLE   2,204,641 0 0
BLACKROCK INCOME OPP TRUST I COM 092475102 15,369 1,415,148 SH   SOLE   1,415,148 0 0
BLACKROCK INCOME TR INC COM 09247F100 19,531 2,941,348 SH   SOLE   2,941,348 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 18,506 2,245,842 SH   SOLE   2,245,842 0 0
BLACKROCK REAL ASSET EQUITY COM 09254B109 14,868 1,583,423 SH   SOLE   1,583,423 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 34,765 2,801,331 SH   SOLE   2,801,331 0 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 5,886 281,108 SH   SOLE   281,108 0 0
BROOKFIELD GLOBL LISTED INFR COM SHS 11273Q109 4,884 194,905 SH   SOLE   194,905 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 4,580 502,724 SH   SOLE   502,724 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 8,748 298,680 SH   SOLE   298,680 0 0
CENTRAL SECS CORP COM 155123102 2,941 125,432 SH   SOLE   125,432 0 0
CHINA FD INC COM 169373107 3,976 187,791 SH   SOLE   187,791 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913Y103 1,529 98,660 SH   SOLE   98,660 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 11,324 731,545 SH   SOLE   731,545 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 9,555 735,007 SH   SOLE   735,007 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 20,025 817,699 SH   SOLE   817,699 0 0
CUTWATER SELECT INCOME FD COM 232229104 9,954 494,226 SH   SOLE   494,226 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 1,834 83,405 SH   SOLE   83,405 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 783 74,705 SH   SOLE   74,705 0 0
DWS GLOBAL HIGH INCOME FD COM 23338W104 1,507 179,133 SH   SOLE   179,133 0 0
EATON VANCE RISK MNGD DIV EQ COM 27829G106 3,564 308,861 SH   SOLE   308,861 0 0
EATON VANCE TAX MNGD GBL DV COM 27829F108 8,600 829,357 SH   SOLE   829,357 0 0
EATON VANCE TX MGD DIV EQ IN COM 27828N102 1,559 133,287 SH   SOLE   133,287 0 0
ELLSWORTH FUND LTD COM 289074106 2,698 305,537 SH   SOLE   305,537 0 0
EUROPEAN EQUITY FUND COM 298768102 10,792 1,197,756 SH   SOLE   1,197,756 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 1,911 99,991 SH   SOLE   99,991 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 9,650 608,468 SH   SOLE   608,468 0 0
FORT DEARBORN INCOME SECS IN COM 347200107 10,926 733,790 SH   SOLE   733,790 0 0
GABELLI DIVD & INCOME TR COM 36242H104 3,246 148,215 SH   SOLE   148,215 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 159 14,822 SH   SOLE   14,822 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 219 10,500 SH   SOLE   10,500 0 0
GDL FUND COM SH BEN IT 361570104 1,268 116,758 SH   SOLE   116,758 0 0
GENERAL AMERN INVS INC COM 368802104 9,740 264,522 SH   SOLE   264,522 0 0
GUGGENHEIM EQ WEIGHT ENHANC COM SH BEN INT 40167M106 723 36,115 SH   SOLE   36,115 0 0
INDIA FD INC COM 454089103 3,936 155,066 SH   SOLE   155,066 0 0
INVESCO BD FD COM 46132L107 6,719 350,333 SH   SOLE   350,333 0 0
ISHARES CORE TOTUSBD ETF 464287226 10,574 96,650 SH   SOLE   96,650 0 0
ISHARES MSCI AUST ETF 464286103 68,872 2,635,746 SH   SOLE   2,635,746 0 0
ISHARES MSCI CDA ETF 464286509 2,748 85,300 SH   SOLE   85,300 0 0
ISHARES MSCI EAFE ETF 464287465 22,808 333,600 SH   SOLE   333,600 0 0
ISHARES MSCI FRANCE ETF 464286707 36,434 1,249,891 SH   SOLE   1,249,891 0 0
ISHARES MSCI GERMANY ETF 464286806 22,741 727,000 SH   SOLE   727,000 0 0
ISHARES MSCI JAPAN ETF 464286848 124,547 10,344,432 SH   SOLE   10,344,432 0 0
ISHARES MSCI UK ETF 464286699 35,174 1,684,577 SH   SOLE   1,684,577 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 25,767 2,726,404 SH   SOLE   2,726,404 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 2,587 170,394 SH   SOLE   170,394 0 0
KOREA EQUITY FD INC COM 50063B104 4,098 463,629 SH   SOLE   463,629 0 0
KOREA FD COM NEW 500634209 21,091 493,693 SH   SOLE   493,693 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 2,648 192,271 SH   SOLE   192,271 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 20,651 1,111,483 SH   SOLE   1,111,483 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 9,318 507,792 SH   SOLE   507,792 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 8,590 1,429,269 SH   SOLE   1,429,269 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 2,662 103,468 SH   SOLE   103,468 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 1,148 89,725 SH   SOLE   89,725 0 0
MEXICO EQUITY & INCOME FD COM 592834105 4,679 290,639 SH   SOLE   290,639 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 5,391 583,441 SH   SOLE   583,441 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 2,830 487,070 SH   SOLE   487,070 0 0
MFS INTERMARKET INCOME TRUST SH BEN INT 59318R103 6,456 756,820 SH   SOLE   756,820 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 5,126 770,764 SH   SOLE   770,764 0 0
MONTGOMERY STR INCOME SECS I COM 614115103 28,070 1,682,825 SH   SOLE   1,682,825 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 29,347 1,756,240 SH   SOLE   1,756,240 0 0
MORGAN STANLEY EASTN EUR FD COM 616988101 3,132 168,502 SH   SOLE   168,502 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 1,717 169,020 SH   SOLE   169,020 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 8,821 549,908 SH   SOLE   549,908 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 15,567 862,429 SH   SOLE   862,429 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 3,619 723,898 SH   SOLE   723,898 0 0
NEW GERMANY FD INC COM 644465106 32,500 1,740,730 SH   SOLE   1,740,730 0 0
NEW IRELAND FUND INC COM 645673104 4,772 350,126 SH   SOLE   350,126 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 150 7,300 SH   SOLE   7,300 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 6,417 298,067 SH   SOLE   298,067 0 0
NUVEEN DIVER CURRENCY OPPOR COM 67090N109 5,453 485,578 SH   SOLE   485,578 0 0
NUVEEN GBL INCOME OPPORTUN F COM 67073C104 4,485 351,786 SH   SOLE   351,786 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 2,274 154,396 SH   SOLE   154,396 0 0
PETROLEUM & RES CORP COM 716549100 5,790 185,711 SH   SOLE   185,711 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 11,317 2,197,524 SH   SOLE   2,197,524 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 25,797 4,648,133 SH   SOLE   4,648,133 0 0
ROYCE FOCUS TR COM 78080N108 829 96,911 SH   SOLE   96,911 0 0
ROYCE MICRO-CAP TR INC COM 780915104 414 32,777 SH   SOLE   32,777 0 0
ROYCE VALUE TR INC COM 780910105 2,110 131,847 SH   SOLE   131,847 0 0
SWISS HELVETIA FD INC COM 870875101 48,510 3,329,477 SH   SOLE   3,329,477 0 0
TAIWAN FD INC COM 874036106 5,485 267,674 SH   SOLE   267,674 0 0
TEMPLETON DRAGON FD INC COM 88018T101 16,531 639,496 SH   SOLE   639,496 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 2,484 136,280 SH   SOLE   136,280 0 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 1,684 110,364 SH   SOLE   110,364 0 0
THAI FD INC COM 882904105 7,792 694,436 SH   SOLE   694,436 0 0
TORTOISE ENERGY INDEPENDENC COM 89148K101 866 30,806 SH   SOLE   30,806 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 17,445 823,637 SH   SOLE   823,637 0 0
TRI CONTL CORP COM 895436103 14,403 686,514 SH   SOLE   686,514 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 70,261 1,172,000 SH   SOLE   1,172,000 0 0
VIRTUS GLOBAL MULTI-SEC INC COM 92829B101 3,573 200,043 SH   SOLE   200,043 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 653 51,167 SH   SOLE   51,167 0 0
WELLS FARGO ADV GLB DIV OPP COM 94987C103 569 67,006 SH   SOLE   67,006 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 2,363 158,575 SH   SOLE   158,575 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 40,347 3,277,554 SH   SOLE   3,277,554 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 20,395 1,667,593 SH   SOLE   1,667,593 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 1,653 127,864 SH   SOLE   127,864 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 14,513 776,528 SH   SOLE   776,528 0 0
WESTERN ASSET INCOME FD COM 95766T100 12,707 914,825 SH   SOLE   914,825 0 0
WESTERN ASSET INVT GRADE DEF COM 95790A101 1,044 49,082 SH   SOLE   49,082 0 0
ZWEIG FD COM NEW 989834205 4,617 294,999 SH   SOLE   294,999 0 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,727 119,995 SH   SOLE   119,995 0 0