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 747 157,663 SH   SOLE   157,663 0 0
ABERDEEN AUSTRALIA EQTY FD I COM 003011103 6,006 994,340 SH   SOLE   994,340 0 0
ABERDEEN CHILE FD INC COM 00301W105 3,949 437,122 SH   SOLE   437,122 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 4,164 281,250 SH   SOLE   281,250 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 2,244 166,496 SH   SOLE   166,496 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 2,063 282,963 SH   SOLE   282,963 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 8,613 442,131 SH   SOLE   442,131 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 22,806 2,489,744 SH   SOLE   2,489,744 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 11,062 404,008 SH   SOLE   404,008 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 18,668 1,407,849 SH   SOLE   1,407,849 0 0
ADAM NAT RES FD INC COM 00548F105 1,862 102,263 SH   SOLE   102,263 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 24,236 1,640,864 SH   SOLE   1,640,864 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 280 50,000 SH   SOLE   50,000 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 3,180 254,200 SH   SOLE   254,200 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 1,580 150,478 SH   SOLE   150,478 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 13,434 2,152,896 SH   SOLE   2,152,896 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 72,022 8,056,119 SH   SOLE   8,056,119 0 0
ASIA PAC FD INC COM 044901106 5,448 368,081 SH   SOLE   368,081 0 0
ASIA TIGERS FD INC COM 04516T105 3,121 248,123 SH   SOLE   248,123 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 9,830 624,120 SH   SOLE   624,120 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 6,173 707,076 SH   SOLE   707,076 0 0
BLACKROCK ENHANCED GBL DIV T COM 092501105 35,388 3,058,603 SH   SOLE   3,058,603 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 9,253 710,139 SH   SOLE   710,139 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 22,789 3,742,007 SH   SOLE   3,742,007 0 0
BLACKROCK HEALTH SCIENCES TR COM 09250W107 469 13,405 SH   SOLE   13,405 0 0
BLACKROCK INCOME TR INC COM 09247F100 9,915 1,689,035 SH   SOLE   1,689,035 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 3,566 272,004 SH   SOLE   272,004 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 48,058 5,411,939 SH   SOLE   5,411,939 0 0
BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 6,622 513,739 SH   SOLE   513,739 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 16,191 2,214,957 SH   SOLE   2,214,957 0 0
CENTRAL SECS CORP COM 155123102 7,358 276,001 SH   SOLE   276,001 0 0
CHINA FD INC COM 169373107 9,604 433,776 SH   SOLE   433,776 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 4,289 400,881 SH   SOLE   400,881 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,355 117,201 SH   SOLE   117,201 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 3,043 346,542 SH   SOLE   346,542 0 0
DEUTSCHE MUN INCOME COM 25160C106 1,448 129,300 SH   SOLE   129,300 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 581 47,340 SH   SOLE   47,340 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 9,496 1,106,727 SH   SOLE   1,106,727 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 12,653 971,817 SH   SOLE   971,817 0 0
EATON VANCE MUN BD FD COM 27827X101 9,220 780,063 SH   SOLE   780,063 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 3,245 277,100 SH   SOLE   277,100 0 0
EUROPEAN EQUITY FUND COM 298768102 13,297 1,375,132 SH   SOLE   1,375,132 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 6,369 354,227 SH   SOLE   354,227 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 3,368 211,801 SH   SOLE   211,801 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 7,361 527,701 SH   SOLE   527,701 0 0
GABELLI EQUITY TR INC COM 362397101 3,875 633,105 SH   SOLE   633,105 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 1,337 71,856 SH   SOLE   71,856 0 0
GENERAL AMERN INVS INC COM 368802104 14,388 429,888 SH   SOLE   429,888 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 5,983 423,096 SH   SOLE   423,096 0 0
HANCOCK JOHN INVS TR COM 410142103 2,238 134,664 SH   SOLE   134,664 0 0
ISHARES INC MSCI AUST ETF 464286103 87,201 3,960,102 SH   SOLE   3,960,102 0 0
ISHARES INC MSCI EURZONE ETF 464286608 87,169 2,010,830 SH   SOLE   2,010,830 0 0
ISHARES INC MSCI FRANCE ETF 464286707 54,073 1,722,074 SH   SOLE   1,722,074 0 0
ISHARES INC MSCI SWITZERLAND 464286749 16,874 490,951 SH   SOLE   490,951 0 0
ISHARES INC MSCI GERMANY ETF 464286806 77,655 2,423,676 SH   SOLE   2,423,676 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 216,547 3,568,678 SH   SOLE   3,568,678 0 0
ISHARES TR CORE US AGGBD ET 464287226 103,038 960,725 SH   SOLE   960,725 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 68,536 664,175 SH   SOLE   664,175 0 0
ISHARES TR MBS ETF 464288588 50,031 478,125 SH   SOLE   478,125 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 51,522 4,192,179 SH   SOLE   4,192,179 0 0
KOREA FD COM NEW 500634209 18,781 460,099 SH   SOLE   460,099 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 2,365 192,911 SH   SOLE   192,911 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 11,467 643,516 SH   SOLE   643,516 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 23,509 3,835,089 SH   SOLE   3,835,089 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 11,646 524,579 SH   SOLE   524,579 0 0
MEXICO EQUITY & INCOME FD COM 592834105 2,907 265,213 SH   SOLE   265,213 0 0
MEXICO FD INC COM 592835102 2,810 173,320 SH   SOLE   173,320 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 9,210 1,134,201 SH   SOLE   1,134,201 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 3,293 711,151 SH   SOLE   711,151 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 17,214 4,380,129 SH   SOLE   4,380,129 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 7,002 1,213,572 SH   SOLE   1,213,572 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 21,493 1,180,294 SH   SOLE   1,180,294 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 27,648 1,110,349 SH   SOLE   1,110,349 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 15,083 818,435 SH   SOLE   818,435 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 11,878 630,820 SH   SOLE   630,820 0 0
NEW GERMANY FD INC COM 644465106 20,820 1,066,032 SH   SOLE   1,066,032 0 0
NEW IRELAND FUND INC COM 645673104 3,782 313,838 SH   SOLE   313,838 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 7,198 553,658 SH   SOLE   553,658 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 5,064 702,389 SH   SOLE   702,389 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 5,670 431,524 SH   SOLE   431,524 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 379 27,013 SH   SOLE   27,013 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 1,244 92,343 SH   SOLE   92,343 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 800 56,217 SH   SOLE   56,217 0 0
PRUDENTIAL GLB SHT DUR HG YL COM 74433A109 3,018 217,400 SH   SOLE   217,400 0 0
PRUDENTIAL SHT DURATION HG Y COM 74442F107 3,947 279,319 SH   SOLE   279,319 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 2,468 224,976 SH   SOLE   224,976 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,637 174,919 SH   SOLE   174,919 0 0
ROYCE VALUE TR INC COM 780910105 658 42,317 SH   SOLE   42,317 0 0
SELECT SECTOR SPDR TR SBI HEALTHCARE 81369Y209 1,317 16,175 SH   SOLE   16,175 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 1,185 15,950 SH   SOLE   15,950 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 1,952 29,845 SH   SOLE   29,845 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 21,516 81,765 SH   SOLE   81,765 0 0
SPROTT FOCUS TR INC COM 85208J109 7,370 946,107 SH   SOLE   946,107 0 0
SWISS HELVETIA FD INC COM 870875101 33,615 2,744,094 SH   SOLE   2,744,094 0 0
TAIWAN FD INC COM 874036106 7,787 368,175 SH   SOLE   368,175 0 0
TEMPLETON DRAGON FD INC COM 88018T101 14,578 655,479 SH   SOLE   655,479 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 21,271 1,306,599 SH   SOLE   1,306,599 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 4,015 628,309 SH   SOLE   628,309 0 0
THE CENTRAL AND EASTERN EU I COM 153436100 8,051 314,119 SH   SOLE   314,119 0 0
TRI CONTL CORP COM 895436103 7,687 292,161 SH   SOLE   292,161 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 30,605 526,308 SH   SOLE   526,308 0 0
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 2,093 195,059 SH   SOLE   195,059 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 16,201 1,687,557 SH   SOLE   1,687,557 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 229 21,000 SH   SOLE   21,000 0 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 3,673 645,514 SH   SOLE   645,514 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 30,347 2,680,812 SH   SOLE   2,680,812 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 19,029 1,650,374 SH   SOLE   1,650,374 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 5,912 406,880 SH   SOLE   406,880 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 3,848 230,019 SH   SOLE   230,019 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 2,585 394,000 SH   SOLE   394,000 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 1,436 298,600 SH   SOLE   298,600 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 6,294 486,745 SH   SOLE   486,745 0 0