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 14,722 3,179,610 SH   SOLE   3,179,610 0 0
ABERDEEN AUSTRALIA EQTY FD I COM 003011103 7,057 1,302,085 SH   SOLE   1,302,085 0 0
ABERDEEN CHILE FD INC COM 00301W105 2,632 441,638 SH   SOLE   441,638 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 1,719 152,766 SH   SOLE   152,766 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 1,957 225,150 SH   SOLE   225,150 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 4,798 754,441 SH   SOLE   754,441 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 7,047 438,397 SH   SOLE   438,397 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 19,612 2,662,820 SH   SOLE   2,662,820 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 8,198 414,261 SH   SOLE   414,261 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 11,986 1,384,058 SH   SOLE   1,384,058 0 0
ADAM NAT RES FD INC COM 00548F105 1,053 52,215 SH   SOLE   52,215 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 8,854 696,645 SH   SOLE   696,645 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 771 131,190 SH   SOLE   131,190 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 1,040 56,478 SH   SOLE   56,478 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 1,716 195,676 SH   SOLE   195,676 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 13,157 2,564,796 SH   SOLE   2,564,796 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 67,284 8,876,459 SH   SOLE   8,876,459 0 0
ASIA PAC FD INC COM 044901106 3,472 357,238 SH   SOLE   357,238 0 0
ASIA TIGERS FD INC COM 04516T105 1,747 190,692 SH   SOLE   190,692 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 6,129 471,108 SH   SOLE   471,108 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 1,776 129,527 SH   SOLE   129,527 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 5,140 630,687 SH   SOLE   630,687 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 8,052 610,462 SH   SOLE   610,462 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 47,794 4,130,837 SH   SOLE   4,130,837 0 0
BLACKROCK INCOME TR INC COM 09247F100 11,070 1,748,887 SH   SOLE   1,748,887 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 21,676 3,934,024 SH   SOLE   3,934,024 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,305 94,600 SH   SOLE   94,600 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 50,926 6,157,979 SH   SOLE   6,157,979 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 17,739 2,429,985 SH   SOLE   2,429,985 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 5,962 289,826 SH   SOLE   289,826 0 0
CENTRAL SECS CORP COM 155123102 3,549 162,850 SH   SOLE   162,850 0 0
CHINA FD INC COM 169373107 5,680 377,422 SH   SOLE   377,422 0 0
CLOUGH GLOBAL DIVND AND INC COM 18913Y103 631 52,384 SH   SOLE   52,384 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 7,482 672,221 SH   SOLE   672,221 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 11,588 1,294,735 SH   SOLE   1,294,735 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 23,844 1,231,621 SH   SOLE   1,231,621 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,609 159,150 SH   SOLE   159,150 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 2,735 320,982 SH   SOLE   320,982 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 283 23,820 SH   SOLE   23,820 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 716 46,184 SH   SOLE   46,184 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 9,903 1,049,000 SH   SOLE   1,049,000 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 13,782 1,004,528 SH   SOLE   1,004,528 0 0
EATON VANCE MUN BD FD COM 27827X101 10,149 817,769 SH   SOLE   817,769 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 3,682 265,687 SH   SOLE   265,687 0 0
EUROPEAN EQUITY FUND COM 298768102 11,313 1,465,395 SH   SOLE   1,465,395 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 2,527 226,390 SH   SOLE   226,390 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 28,929 1,863,954 SH   SOLE   1,863,954 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 4,888 351,908 SH   SOLE   351,908 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 7,777 551,985 SH   SOLE   551,985 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 7,205 598,458 SH   SOLE   598,458 0 0
GABELLI EQUITY TR INC COM 362397101 932 168,852 SH   SOLE   168,852 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 334 31,477 SH   SOLE   31,477 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 1,185 70,550 SH   SOLE   70,550 0 0
GDL FUND COM SH BEN IT 361570104 849 86,278 SH   SOLE   86,278 0 0
GENERAL AMERN INVS INC COM 368802104 7,369 236,339 SH   SOLE   236,339 0 0
GUGGENHEIM TAXABLE MUN MNGD COM 401664107 1,351 63,104 SH   SOLE   63,104 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 7,469 532,883 SH   SOLE   532,883 0 0
HANCOCK JOHN INVS TR COM 410142103 2,680 161,427 SH   SOLE   161,427 0 0
INVESCO SR INCOME TR COM 46131H107 2,287 492,932 SH   SOLE   492,932 0 0
ISHARES MSCI AUST ETF 464286103 58,893 2,911,157 SH   SOLE   2,911,157 0 0
ISHARES MSCI EURZONE ETF 464286608 45,728 1,321,630 SH   SOLE   1,321,630 0 0
ISHARES MSCI FRANCE ETF 464286707 10,993 445,612 SH   SOLE   445,612 0 0
ISHARES MSCI GERMANY ETF 464286806 47,274 1,785,276 SH   SOLE   1,785,276 0 0
ISHARES MSCI SZ CAP ETF 464286749 15,156 514,451 SH   SOLE   514,451 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 110,283 2,257,126 SH   SOLE   2,257,126 0 0
ISHARES TR 7-10 Y TR BD ETF 464287440 50,989 486,440 SH   SOLE   486,440 0 0
ISHARES TR CORE US AGGBD ET 464287226 99,010 916,251 SH   SOLE   916,251 0 0
ISHARES TR MBS ETF 464288588 1,935 18,200 SH   SOLE   18,200 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 403 13,145 SH   SOLE   13,145 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 41,953 4,314,463 SH   SOLE   4,314,463 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 4,410 283,032 SH   SOLE   283,032 0 0
KOREA EQUITY FD INC COM 50063B104 4,930 665,295 SH   SOLE   665,295 0 0
KOREA FD COM NEW 500634209 16,292 511,033 SH   SOLE   511,033 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 1,574 169,453 SH   SOLE   169,453 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 10,703 778,980 SH   SOLE   778,980 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 6,177 522,124 SH   SOLE   522,124 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 8,825 1,710,322 SH   SOLE   1,710,322 0 0
LIBERTY ALL-STAR GROWTH FD I COM 529900102 875 209,369 SH   SOLE   209,369 0 0
LMP CAP & INCOME FD INC COM 50208A102 1,899 142,921 SH   SOLE   142,921 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 12,364 626,658 SH   SOLE   626,658 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,083 336,227 SH   SOLE   336,227 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 11,279 1,323,822 SH   SOLE   1,323,822 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 10,705 2,411,057 SH   SOLE   2,411,057 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 14,963 2,469,071 SH   SOLE   2,469,071 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 17,152 1,270,514 SH   SOLE   1,270,514 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 8,258 486,077 SH   SOLE   486,077 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 2,315 254,382 SH   SOLE   254,382 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 8,397 637,139 SH   SOLE   637,139 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 14,051 783,223 SH   SOLE   783,223 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 2,790 519,555 SH   SOLE   519,555 0 0
NEW GERMANY FD INC COM 644465106 14,789 1,131,524 SH   SOLE   1,131,524 0 0
NEW IRELAND FUND INC COM 645673104 5,563 464,741 SH   SOLE   464,741 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 7,490 561,458 SH   SOLE   561,458 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 2,115 141,018 SH   SOLE   141,018 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 4,407 275,587 SH   SOLE   275,587 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 5,750 787,697 SH   SOLE   787,697 0 0
NUVEEN NASDAQ 100 DYNAMIC OV COM SHS 670699107 1,587 85,533 SH   SOLE   85,533 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 15,471 1,108,224 SH   SOLE   1,108,224 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 36 2,722 SH   SOLE   2,722 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 6,694 1,452,143 SH   SOLE   1,452,143 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 26,615 5,355,044 SH   SOLE   5,355,044 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 2,266 282,003 SH   SOLE   282,003 0 0
ROYCE MICRO-CAP TR INC COM 780915104 832 101,999 SH   SOLE   101,999 0 0
ROYCE VALUE TR INC COM 780910105 3,021 225,634 SH   SOLE   225,634 0 0
SPROTT FOCUS TR INC COM 85208J109 2,971 428,123 SH   SOLE   428,123 0 0
SWISS HELVETIA FD INC COM 870875101 39,871 3,905,081 SH   SOLE   3,905,081 0 0
TAIWAN FD INC COM 874036106 5,557 345,172 SH   SOLE   345,172 0 0
TEMPLETON DRAGON FD INC COM 88018T101 11,019 672,719 SH   SOLE   672,719 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 15,992 1,322,760 SH   SOLE   1,322,760 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 4,311 665,291 SH   SOLE   665,291 0 0
THAI FD INC COM 882904105 5,830 767,157 SH   SOLE   767,157 0 0
TRI CONTL CORP COM 895436103 9,931 450,398 SH   SOLE   450,398 0 0
VIRTUS GLOBAL DIVID INCOME F COM 92835W107 460 38,209 SH   SOLE   38,209 0 0
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 1,481 170,017 SH   SOLE   170,017 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 18,129 2,433,421 SH   SOLE   2,433,421 0 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 5,403 991,307 SH   SOLE   991,307 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 34,085 3,059,688 SH   SOLE   3,059,688 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 20,766 1,808,871 SH   SOLE   1,808,871 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 6,071 412,682 SH   SOLE   412,682 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 12,365 722,281 SH   SOLE   722,281 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 873 67,400 SH   SOLE   67,400 0 0
ZWEIG FD COM NEW 989834205 1,760 145,591 SH   SOLE   145,591 0 0