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 603 145,763 SH   SOLE   145,763 0 0
ABERDEEN AUSTRALIA EQTY FD I COM 003011103 5,059 847,388 SH   SOLE   847,388 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 28,049 4,088,794 SH   SOLE   4,088,794 0 0
ABERDEEN GLOBAL DYNAMIC DIVI COM 00302M106 1,532 148,178 SH   SOLE   148,178 0 0
ABERDEEN GLOBAL PREMIER PPTY COM SH BEN INT 00302L108 10,272 1,695,085 SH   SOLE   1,695,085 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 22,077 2,631,307 SH   SOLE   2,631,307 0 0
ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 70,067 7,980,286 SH   SOLE   7,980,286 0 0
ADAM NAT RES FD INC COM 00548F105 2,891 144,963 SH   SOLE   144,963 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 34,646 2,078,327 SH   SOLE   2,078,327 0 0
ALLIANCEBERNSTEIN NATL MUNI COM 01864U106 3,365 271,600 SH   SOLE   271,600 0 0
ALLIANZGI NFJ DIVID INT & PR COM 01883A107 9,522 726,856 SH   SOLE   726,856 0 0
ASIA PAC FD INC COM 044901106 5,073 376,081 SH   SOLE   376,081 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 100 8,100 SH   SOLE   8,100 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 5,477 447,458 SH   SOLE   447,458 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 8,866 515,458 SH   SOLE   515,458 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 8,740 920,985 SH   SOLE   920,985 0 0
BLACKROCK ENHANCED GBL DIV T COM 092501105 33,805 3,075,991 SH   SOLE   3,075,991 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 10,071 768,547 SH   SOLE   768,547 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 21,833 3,810,371 SH   SOLE   3,810,371 0 0
BLACKROCK FLOATING RATE INCO COM 091941104 3,056 231,500 SH   SOLE   231,500 0 0
BLACKROCK INCOME TR INC COM 09247F100 9,088 1,588,804 SH   SOLE   1,588,804 0 0
BLACKROCK MUN INCOME TR SH BEN INT 09248F109 50 4,000 SH   SOLE   4,000 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 3,903 298,404 SH   SOLE   298,404 0 0
BLACKROCK MUNIHLDNGS QLTY II COM 09254C107 101 8,400 SH   SOLE   8,400 0 0
BLACKROCK MUNIHOLDNGS QLTY I COM 09254A101 50 4,300 SH   SOLE   4,300 0 0
BLACKROCK MUNIVEST FD II INC COM 09253T101 83 6,200 SH   SOLE   6,200 0 0
BLACKROCK MUNIYIELD QLTY FD COM 09254E103 100 8,300 SH   SOLE   8,300 0 0
BLACKROCK N Y MUN INCOME TR SH BEN INT 09248L106 149 12,300 SH   SOLE   12,300 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 45,612 5,028,902 SH   SOLE   5,028,902 0 0
BRANDYWINEGBL GLBAL INM OPRT COM 10537L104 5,104 467,439 SH   SOLE   467,439 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 16,053 2,199,024 SH   SOLE   2,199,024 0 0
CENTRAL SECS CORP COM 155123102 10,204 345,901 SH   SOLE   345,901 0 0
CHINA FD INC COM 169373107 8,774 447,676 SH   SOLE   447,676 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,226 109,477 SH   SOLE   109,477 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 3,371 375,397 SH   SOLE   375,397 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 577 45,920 SH   SOLE   45,920 0 0
DREYFUS MUN INCOME INC COM 26201R102 50 6,400 SH   SOLE   6,400 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 10,352 1,233,827 SH   SOLE   1,233,827 0 0
DWS MUN INCOME TR NEW COM 233368109 4,715 449,500 SH   SOLE   449,500 0 0
DWS STRATEGIC MUN INCOME TR COM 23342Q101 151 14,200 SH   SOLE   14,200 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 99 9,900 SH   SOLE   9,900 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 16,045 1,265,347 SH   SOLE   1,265,347 0 0
EATON VANCE MUN BD FD COM 27827X101 8,993 779,963 SH   SOLE   779,963 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 2,947 256,700 SH   SOLE   256,700 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 152 13,700 SH   SOLE   13,700 0 0
EATON VANCE SH TM DR DIVR IN COM 27828V104 6,911 535,291 SH   SOLE   535,291 0 0
EUROPEAN EQUITY FUND COM 298768102 13,248 1,410,833 SH   SOLE   1,410,833 0 0
FEDERATED PREM MUN INC FD COM 31423P108 98 7,700 SH   SOLE   7,700 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 5,639 357,327 SH   SOLE   357,327 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 2,956 226,889 SH   SOLE   226,889 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 6,700 500,262 SH   SOLE   500,262 0 0
GENERAL AMERN INVS INC COM 368802104 21,313 576,494 SH   SOLE   576,494 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 7,868 588,466 SH   SOLE   588,466 0 0
HANCOCK JOHN INVS TR COM 410142103 4,792 297,807 SH   SOLE   297,807 0 0
INDIA FD INC COM 454089103 1,360 61,459 SH   SOLE   61,459 0 0
INVESCO BD FD COM 46132L107 1,260 71,502 SH   SOLE   71,502 0 0
ISHARES INC MSCI AUST ETF 464286103 87,133 3,939,102 SH   SOLE   3,939,102 0 0
ISHARES INC MSCI EURZONE ETF 464286608 80,435 1,961,580 SH   SOLE   1,961,580 0 0
ISHARES INC MSCI FRANCE ETF 464286707 53,309 1,698,274 SH   SOLE   1,698,274 0 0
ISHARES INC MSCI GERMANY ETF 464286806 70,501 2,370,576 SH   SOLE   2,370,576 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 219,266 3,640,478 SH   SOLE   3,640,478 0 0
ISHARES INC MSCI SWITZERLAND 464286749 16,934 488,151 SH   SOLE   488,151 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 53,812 531,900 SH   SOLE   531,900 0 0
ISHARES TR CORE US AGGBD ET 464287226 60,336 571,800 SH   SOLE   571,800 0 0
ISHARES TR MBS ETF 464288588 29,387 284,400 SH   SOLE   284,400 0 0
ISHARES TR SHRT NAT MUN ETF 464288158 262 2,500 SH   SOLE   2,500 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 51,124 4,618,210 SH   SOLE   4,618,210 0 0
KOREA FD COM NEW 500634209 17,576 479,702 SH   SOLE   479,702 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 2,265 202,191 SH   SOLE   202,191 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 4,903 276,253 SH   SOLE   276,253 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 28,414 4,172,380 SH   SOLE   4,172,380 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 11,300 531,744 SH   SOLE   531,744 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,475 283,013 SH   SOLE   283,013 0 0
MEXICO FD INC COM 592835102 3,304 202,720 SH   SOLE   202,720 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 8,066 1,039,423 SH   SOLE   1,039,423 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 10,302 2,325,420 SH   SOLE   2,325,420 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 26,123 6,947,552 SH   SOLE   6,947,552 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 49 5,500 SH   SOLE   5,500 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 6,128 1,108,072 SH   SOLE   1,108,072 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 19,535 1,183,194 SH   SOLE   1,183,194 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 28,329 1,318,226 SH   SOLE   1,318,226 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 15,529 995,424 SH   SOLE   995,424 0 0
NEUBERGER BERMAN MUNI FD INC COM 64124P101 202 15,000 SH   SOLE   15,000 0 0
NEW GERMANY FD INC COM 644465106 20,011 1,099,509 SH   SOLE   1,099,509 0 0
NEW IRELAND FUND INC COM 645673104 5,632 533,311 SH   SOLE   533,311 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 6,424 507,397 SH   SOLE   507,397 0 0
NUVEEN AMT-FREE MUN VALUE FD COM 670695105 190 12,900 SH   SOLE   12,900 0 0
NUVEEN ENHANCED MUN VALUE FD COM 67074M101 52 4,000 SH   SOLE   4,000 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 251 22,800 SH   SOLE   22,800 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 5,240 746,815 SH   SOLE   746,815 0 0
NUVEEN MUN INCOME FD INC COM 67062J102 15 1,500 SH   SOLE   1,500 0 0
NUVEEN MUN VALUE FD INC COM 670928100 1,983 211,900 SH   SOLE   211,900 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 5,036 393,764 SH   SOLE   393,764 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 1,509 154,000 SH   SOLE   154,000 0 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 253 26,400 SH   SOLE   26,400 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67062F100 1,817 130,610 SH   SOLE   130,610 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 2,218 166,045 SH   SOLE   166,045 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 1,084 77,398 SH   SOLE   77,398 0 0
NUVEEN TEXAS QLTY MUN INCME COM 670983105 252 20,221 SH   SOLE   20,221 0 0
NUVEEN VIRGINIA QLTY MUNCPL COM 67064R102 1,001 84,572 SH   SOLE   84,572 0 0
PGIM GLOBAL SHORT DURATION H COM 69346J106 5,154 371,600 SH   SOLE   371,600 0 0
PGIM SHORT DURATION HIGH YIE COM 69346H100 9,039 639,285 SH   SOLE   639,285 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 1,288 285,000 SH   SOLE   285,000 0 0
PUTNAM MUN OPPORTUNITIES TR SH BEN INT 746922103 50 4,400 SH   SOLE   4,400 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 2,325 221,176 SH   SOLE   221,176 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 3,022 38,550 SH   SOLE   38,550 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 4,064 53,945 SH   SOLE   53,945 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 39,951 137,420 SH   SOLE   137,420 0 0
SPROTT FOCUS TR INC COM 85208J109 8,951 1,212,807 SH   SOLE   1,212,807 0 0
SWISS HELVETIA FD INC COM 870875101 23,835 2,800,789 SH   SOLE   2,800,789 0 0
TAIWAN FD INC COM 874036106 7,351 383,449 SH   SOLE   383,449 0 0
TEKLA HEALTHCARE OPPORTUNIT SHS 879105104 459 24,507 SH   SOLE   24,507 0 0
TEMPLETON DRAGON FD INC COM 88018T101 13,718 688,428 SH   SOLE   688,428 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 19,441 1,326,156 SH   SOLE   1,326,156 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 3,785 618,476 SH   SOLE   618,476 0 0
THE CENTRAL AND EASTERN EU I COM 153436100 7,772 323,109 SH   SOLE   323,109 0 0
TRI CONTL CORP COM 895436103 7,889 283,070 SH   SOLE   283,070 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 27,824 494,908 SH   SOLE   494,908 0 0
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 2,015 211,259 SH   SOLE   211,259 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 13,421 1,663,058 SH   SOLE   1,663,058 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 4,969 370,287 SH   SOLE   370,287 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 3,431 211,819 SH   SOLE   211,819 0 0
WESTERN ASSET HIGH INCM FD I COM 95766J102 2,339 368,900 SH   SOLE   368,900 0 0
WESTERN ASSET HIGH INCM OPP COM 95766K109 1,305 274,100 SH   SOLE   274,100 0 0
WESTERN ASSET INTM MUNI FD I COM 958435109 110 13,000 SH   SOLE   13,000 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 10,716 835,887 SH   SOLE   835,887 0 0
WESTERN ASST INFLTN LKD INM COM SH BEN INT 95766Q106 17,024 1,511,913 SH   SOLE   1,511,913 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104 26,556 2,449,800 SH   SOLE   2,449,800 0 0