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 AUSTRALIA EQUITY FD COM 003011103 9,859 1,526,145 SH   SOLE   1,526,145 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 36,411 4,023,278 SH   SOLE   4,023,278 0 0
ABERDEEN GLOBAL DYNAMIC DIVI COM 00302M106 1,573 131,050 SH   SOLE   131,050 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 28,946 3,285,609 SH   SOLE   3,285,609 0 0
ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 71,639 7,044,147 SH   SOLE   7,044,147 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 42,627 2,156,136 SH   SOLE   2,156,136 0 0
ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 15,013 986,370 SH   SOLE   986,370 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 11,137 742,971 SH   SOLE   742,971 0 0
BLACKROCK ENHANCD CAP & INM COM 09256A109 8,528 414,167 SH   SOLE   414,167 0 0
BLACKROCK ENHANCED EQUITY DI COM 09251A104 84 8,300 SH   SOLE   8,300 0 0
BLACKROCK ENHANCED GLOBAL DI COM 092501105 39,994 3,186,768 SH   SOLE   3,186,768 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 6,805 525,896 SH   SOLE   525,896 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 32,194 4,915,167 SH   SOLE   4,915,167 0 0
BLACKROCK GLOBAL FLOATING RA COM 091941104 11,509 894,973 SH   SOLE   894,973 0 0
BLACKROCK HEALTH SCIENCS TR COM SHS 09260E105 9,761 337,533 SH   SOLE   337,533 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,311 83,846 SH   SOLE   83,846 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 1,646 111,411 SH   SOLE   111,411 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 1,465 87,294 SH   SOLE   87,294 0 0
BLACKROCK MUNIHOLDINGS QUALI COM 09254C107 2,203 157,259 SH   SOLE   157,259 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 8,360 869,039 SH   SOLE   869,039 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103 21,981 1,480,179 SH   SOLE   1,480,179 0 0
BLACKROCK N Y MUN INCOME TRU SH BEN INT 09248L106 1,041 68,948 SH   SOLE   68,948 0 0
BLACKROCK RES & COMMODITIES SHS 09257A108 7,868 835,284 SH   SOLE   835,284 0 0
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 09260K101 23,947 574,121 SH   SOLE   574,121 0 0
BRANDYWINEGBL GBL INCM OPP F COM 10537L104 484 38,400 SH   SOLE   38,400 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 11,370 1,290,611 SH   SOLE   1,290,611 0 0
CENTRAL & EASTERN EUROPE FD COM 153436100 8,892 316,880 SH   SOLE   316,880 0 0
CENTRAL SECS CORP COM 155123102 17,091 405,104 SH   SOLE   405,104 0 0
CHINA FD INC COM 169373107 10,461 342,997 SH   SOLE   342,997 0 0
CREDIT SUISSE HIGH YIELD BD SH BEN INT 22544F103 5,599 2,230,840 SH   SOLE   2,230,840 0 0
CUSHING MLP & INFRASTRUCT COM NEW 231631300 190 6,441 SH   SOLE   6,441 0 0
DTF TAX-FREE INCOME INC COM 23334J107 6,769 451,260 SH   SOLE   451,260 0 0
DWS MUN INCOME TR COM 233368109 32,956 2,694,682 SH   SOLE   2,694,682 0 0
DWS STRATEGIC MUN INCOME TR COM 23342Q101 6,827 542,284 SH   SOLE   542,284 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 2,097 175,359 SH   SOLE   175,359 0 0
EATON VANCE LTD DURATION INC COM 27828H105 14,178 1,069,253 SH   SOLE   1,069,253 0 0
EATON VANCE MUN BD FD COM 27827X101 5,282 386,138 SH   SOLE   386,138 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 16,664 1,187,760 SH   SOLE   1,187,760 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 1,827 142,159 SH   SOLE   142,159 0 0
EATON VANCE TAX-ADVANTAGED G COM 27828U106 1,131 38,615 SH   SOLE   38,615 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 10,752 511,987 SH   SOLE   511,987 0 0
EUROPEAN EQUITY FD INC COM 298768102 23,015 2,022,364 SH   SOLE   2,022,364 0 0
FEDERATED HERMES PREM MUNI I COM 31423P108 1,630 104,126 SH   SOLE   104,126 0 0
FIRST TR / ABERDEEN EMERGING COM 33731K102 434 28,736 SH   SOLE   28,736 0 0
FIRST TR DYNAMIC EUROPE EQUI COM SHS 33740D107 15,179 1,131,906 SH   SOLE   1,131,906 0 0
FIRST TR MTG INCOME FD COM SHS 33734E103 5,248 380,276 SH   SOLE   380,276 0 0
GDL FD COM SH BEN IT 361570104 1,032 113,826 SH   SOLE   113,826 0 0
GENERAL AMERN INVS CO INC COM 368802104 35,469 816,886 SH   SOLE   816,886 0 0
GUGGENHEIM ENHANCED EQT INCM COM 40167B100 4,878 566,579 SH   SOLE   566,579 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 13,491 843,648 SH   SOLE   843,648 0 0
HANCOCK JOHN INVS TR COM 410142103 14,021 744,226 SH   SOLE   744,226 0 0
INDIA FD INC COM 454089103 2,265 103,152 SH   SOLE   103,152 0 0
ISHARES INC MSCI AUST ETF 464286103 29,995 1,154,523 SH   SOLE   1,154,523 0 0
ISHARES INC MSCI CDA ETF 464286509 1,562 41,900 SH   SOLE   41,900 0 0
ISHARES INC MSCI EURZONE ETF 464286608 95,335 1,931,816 SH   SOLE   1,931,816 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 284,544 4,212,971 SH   SOLE   4,212,971 0 0
ISHARES INC MSCI SWITZERLAND 464286749 50,850 1,045,658 SH   SOLE   1,045,658 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 159,935 1,384,835 SH   SOLE   1,384,835 0 0
ISHARES TR CORE US AGGBD ET 464287226 2,837 24,600 SH   SOLE   24,600 0 0
ISHARES TR IBOXX INV CP ETF 464287242 53,013 394,560 SH   SOLE   394,560 0 0
ISHARES TR MBS ETF 464288588 136,569 1,261,840 SH   SOLE   1,261,840 0 0
ISHARES TR NATIONAL MUN ETF 464288414 9,388 80,100 SH   SOLE   80,100 0 0
ISHARES TR SHRT NAT MUN ETF 464288158 9,758 90,500 SH   SOLE   90,500 0 0
ISHARES TR US TREAS BD ETF 46429B267 79,098 2,973,625 SH   SOLE   2,973,625 0 0
JAPAN SMALLER CAPITALIZATION COM 47109U104 45,277 5,019,636 SH   SOLE   5,019,636 0 0
KOREA FD INC COM NEW 500634209 25,130 544,416 SH   SOLE   544,416 0 0
LMP CAP & INCOME FD INC COM 50208A102 870 60,323 SH   SOLE   60,323 0 0
MACQUARIE GLOBAL INFRASTRUCT COM 55608D101 8,807 381,574 SH   SOLE   381,574 0 0
MEXICO FD INC COM 592835102 3,641 239,090 SH   SOLE   239,090 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 10,650 2,847,659 SH   SOLE   2,847,659 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 1,263 122,859 SH   SOLE   122,859 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,427 199,834 SH   SOLE   199,834 0 0
MILLER HOWARD HIGH INC EQTY COM SHS BEN IN 600379101 2,384 227,461 SH   SOLE   227,461 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 32,458 1,419,258 SH   SOLE   1,419,258 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 3,417 138,523 SH   SOLE   138,523 0 0
NEW GERMANY FD INC COM 644465106 28,805 1,424,232 SH   SOLE   1,424,232 0 0
NEW IRELAND FD INC COM 645673104 6,205 509,020 SH   SOLE   509,020 0 0
NUVEEN AMT-FREE MUN VALUE FD COM 670695105 18,629 1,078,054 SH   SOLE   1,078,054 0 0
NUVEEN CALIFORNIA MUNI VLU F COM STK 67062C107 1,893 176,911 SH   SOLE   176,911 0 0
NUVEEN CORE EQUITY ALPHA FD COM 67090X107 675 41,058 SH   SOLE   41,058 0 0
NUVEEN CORPORATE INCM NOVEME COM 67077N106 4,534 481,300 SH   SOLE   481,300 0 0
NUVEEN DOW 30 DYNMC OVERWRT SHS 67075F105 5,776 339,385 SH   SOLE   339,385 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 4,222 421,400 SH   SOLE   421,400 0 0
NUVEEN FLOATING RATE INCOME COM SHS 6706EN100 3,629 371,800 SH   SOLE   371,800 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 3,109 222,220 SH   SOLE   222,220 0 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 2,063 137,643 SH   SOLE   137,643 0 0
NUVEEN MULTI-MKT INCOME FD COM 67075J107 8,833 1,183,405 SH   SOLE   1,183,405 0 0
NUVEEN N Y MUN VALUE FD COM 67062M105 422 41,981 SH   SOLE   41,981 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 5,090 458,964 SH   SOLE   458,964 0 0
NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 4,171 290,240 SH   SOLE   290,240 0 0
NUVEEN SELECT MAT MUN FD SH BEN INT 67061T101 1,916 174,654 SH   SOLE   174,654 0 0
NUVEEN TAX-ADVANTAGED DIVID COM 67073G105 205 12,732 SH   SOLE   12,732 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104 2,741 137,859 SH   SOLE   137,859 0 0
ROYCE MICRO-CAP TR INC COM 780915104 9,673 780,106 SH   SOLE   780,106 0 0
ROYCE VALUE TR INC COM 780910105 5,839 307,780 SH   SOLE   307,780 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3,642 20,400 SH   SOLE   20,400 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 13,448 91,075 SH   SOLE   91,075 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 19,089 44,595 SH   SOLE   44,595 0 0
SPROTT FOCUS TR INC COM 85208J109 12,823 1,507,687 SH   SOLE   1,507,687 0 0
SWISS HELVETIA FD INC COM 870875101 3,440 353,517 SH   SOLE   353,517 0 0
TAIWAN FD INC COM 874036106 23,048 652,283 SH   SOLE   652,283 0 0
TEKLA LIFE SCIENCES INVS SH BEN INT 87911K100 2,378 110,901 SH   SOLE   110,901 0 0
TEMPLETON DRAGON FD INC COM 88018T101 6,398 269,615 SH   SOLE   269,615 0 0
TEMPLETON EMERGING MKTS FD COM 880191101 24,002 1,212,816 SH   SOLE   1,212,816 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 11,818 2,110,365 SH   SOLE   2,110,365 0 0
VIRTUS DIVIDEND INTEREST & P COM 92840R101 16,134 1,070,626 SH   SOLE   1,070,626 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 9,944 1,158,960 SH   SOLE   1,158,960 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 1,009 102,827 SH   SOLE   102,827 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 4,370 733,151 SH   SOLE   733,151 0 0
WELLS FARGO GLOBAL DIVID OPP COM 94987C103 1,192 206,232 SH   SOLE   206,232 0 0
WESTERN ASSET HIGH INCOME OP COM 95766K109 1,961 371,361 SH   SOLE   371,361 0 0
WESTERN ASSET INTER MUNI FD COM 958435109 14,172 1,450,563 SH   SOLE   1,450,563 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105 16,184 1,194,392 SH   SOLE   1,194,392 0 0
WESTERN ASSET MUN PARTNERS F COM 95766P108 5,447 330,904 SH   SOLE   330,904 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 16,435 1,116,517 SH   SOLE   1,116,517 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104 41,113 3,136,002 SH   SOLE   3,136,002 0 0