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 6,958 1,181,304 SH   SOLE   1,181,304 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 31,865 3,829,957 SH   SOLE   3,829,957 0 0
ABERDEEN GLOBAL DYNAMIC DIVI COM 00302M106 984 84,714 SH   SOLE   84,714 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 31,280 3,208,190 SH   SOLE   3,208,190 0 0
ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 60,701 6,232,164 SH   SOLE   6,232,164 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 41,587 2,100,336 SH   SOLE   2,100,336 0 0
ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 10,795 722,577 SH   SOLE   722,577 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 10,959 742,971 SH   SOLE   742,971 0 0
BLACKROCK ENHANCD CAP & INM COM 09256A109 4,778 236,543 SH   SOLE   236,543 0 0
BLACKROCK ENHANCED GLOBAL DI COM 092501105 32,016 2,734,066 SH   SOLE   2,734,066 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 6,518 516,896 SH   SOLE   516,896 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 27,361 4,449,013 SH   SOLE   4,449,013 0 0
BLACKROCK GLOBAL FLOATING RA COM 091941104 2,835 213,473 SH   SOLE   213,473 0 0
BLACKROCK HEALTH SCIENCS TR COM SHS 09260E105 6,035 223,667 SH   SOLE   223,667 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 1,482 102,057 SH   SOLE   102,057 0 0
BLACKROCK MUNIHOLDINGS FD IN COM 09253N104 971 59,289 SH   SOLE   59,289 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 8,230 869,039 SH   SOLE   869,039 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103 14,274 972,348 SH   SOLE   972,348 0 0
BLACKROCK RES & COMMODITIES SHS 09257A108 4,543 508,777 SH   SOLE   508,777 0 0
BLACKROCK SCIENCE & TECHNOLO SHS 09258G104 1,695 32,500 SH   SOLE   32,500 0 0
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 09260K101 20,633 534,817 SH   SOLE   534,817 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 7,307 874,004 SH   SOLE   874,004 0 0
CENTRAL & EASTERN EUROPE FD COM 153436100 8,704 301,490 SH   SOLE   301,490 0 0
CENTRAL SECS CORP COM 155123102 16,790 397,404 SH   SOLE   397,404 0 0
CHINA FD INC COM 169373107 8,287 325,878 SH   SOLE   325,878 0 0
CREDIT SUISSE HIGH YIELD BD SH BEN INT 22544F103 5,510 2,230,840 SH   SOLE   2,230,840 0 0
CUSHING MLP & INFRASTRUCT COM NEW 231631300 1,344 42,281 SH   SOLE   42,281 0 0
DTF TAX-FREE INCOME INC COM 23334J107 6,521 451,260 SH   SOLE   451,260 0 0
DWS MUN INCOME TR COM 233368109 32,067 2,694,682 SH   SOLE   2,694,682 0 0
DWS STRATEGIC MUN INCOME TR COM 23342Q101 5,443 442,901 SH   SOLE   442,901 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 1,896 158,774 SH   SOLE   158,774 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 8,187 592,010 SH   SOLE   592,010 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 1,744 142,159 SH   SOLE   142,159 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 10,772 506,189 SH   SOLE   506,189 0 0
EUROPEAN EQUITY FD INC COM 298768102 21,845 1,959,191 SH   SOLE   1,959,191 0 0
FIRST TR DYNAMIC EUROPE EQUI COM SHS 33740D107 16,099 1,248,940 SH   SOLE   1,248,940 0 0
FIRST TR MTG INCOME FD COM SHS 33734E103 4,897 355,876 SH   SOLE   355,876 0 0
GDL FD COM SH BEN IT 361570104 163 18,102 SH   SOLE   18,102 0 0
GENERAL AMERN INVS CO INC COM 368802104 34,899 810,470 SH   SOLE   810,470 0 0
GUGGENHEIM ENHANCED EQT INCM COM 40167B100 5,548 597,892 SH   SOLE   597,892 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 13,190 831,148 SH   SOLE   831,148 0 0
HANCOCK JOHN INVS TR COM 410142103 3,270 175,216 SH   SOLE   175,216 0 0
INDIA FD INC COM 454089103 1,943 84,152 SH   SOLE   84,152 0 0
ISHARES INC MSCI AUST ETF 464286103 27,858 1,122,398 SH   SOLE   1,122,398 0 0
ISHARES INC MSCI EURZONE ETF 464286608 90,339 1,877,366 SH   SOLE   1,877,366 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 285,125 4,058,721 SH   SOLE   4,058,721 0 0
ISHARES INC MSCI SWITZERLAND 464286749 54,997 1,180,708 SH   SOLE   1,180,708 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 159,561 1,384,835 SH   SOLE   1,384,835 0 0
ISHARES TR CORE US AGGBD ET 464287226 1,757 15,300 SH   SOLE   15,300 0 0
ISHARES TR IBOXX INV CP ETF 464287242 84,913 638,300 SH   SOLE   638,300 0 0
ISHARES TR MBS ETF 464288588 149,099 1,378,760 SH   SOLE   1,378,760 0 0
ISHARES TR NATIONAL MUN ETF 464288414 18,839 162,168 SH   SOLE   162,168 0 0
ISHARES TR SHRT NAT MUN ETF 464288158 9,843 91,500 SH   SOLE   91,500 0 0
ISHARES TR US TREAS BD ETF 46429B267 93,324 3,517,675 SH   SOLE   3,517,675 0 0
JAPAN SMALLER CAPITALIZATION COM 47109U104 44,114 4,874,481 SH   SOLE   4,874,481 0 0
KOREA FD INC COM NEW 500634209 21,537 525,933 SH   SOLE   525,933 0 0
LMP CAP & INCOME FD INC COM 50208A102 830 60,323 SH   SOLE   60,323 0 0
MACQUARIE GLOBAL INFRASTRUCT COM 55608D101 8,601 368,977 SH   SOLE   368,977 0 0
MEXICO FD INC COM 592835102 3,339 224,851 SH   SOLE   224,851 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 9,771 2,699,259 SH   SOLE   2,699,259 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 1,170 117,035 SH   SOLE   117,035 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,300 186,044 SH   SOLE   186,044 0 0
MILLER HOWARD HIGH INC EQTY COM SHS BEN IN 600379101 2,197 223,261 SH   SOLE   223,261 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 28,246 1,345,679 SH   SOLE   1,345,679 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 3,503 126,980 SH   SOLE   126,980 0 0
NEW GERMANY FD INC COM 644465106 27,272 1,380,841 SH   SOLE   1,380,841 0 0
NEW IRELAND FD INC COM 645673104 6,162 500,191 SH   SOLE   500,191 0 0
NUVEEN AMT-FREE MUN VALUE FD COM 670695105 18,371 1,077,462 SH   SOLE   1,077,462 0 0
NUVEEN CALIFORNIA MUNI VLU F COM STK 67062C107 1,549 146,818 SH   SOLE   146,818 0 0
NUVEEN CORE PLUS IMPACT FUND COM BEN INT 67080D103 774 39,600 SH   SOLE   39,600 0 0
NUVEEN CORPORATE INCM NOVEME COM 67077N106 3,340 356,026 SH   SOLE   356,026 0 0
NUVEEN DOW 30 DYNMC OVERWRT SHS 67075F105 5,002 298,610 SH   SOLE   298,610 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 2,511 249,346 SH   SOLE   249,346 0 0
NUVEEN FLOATING RATE INCOME COM SHS 6706EN100 3,711 371,800 SH   SOLE   371,800 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 2,755 203,303 SH   SOLE   203,303 0 0
NUVEEN INT DUR QUAL MUN TRM COM 670677103 1,071 73,020 SH   SOLE   73,020 0 0
NUVEEN MULTI-MKT INCOME FD COM 67075J107 8,881 1,183,096 SH   SOLE   1,183,096 0 0
NUVEEN N Y MUN VALUE FD COM 67062M105 421 41,981 SH   SOLE   41,981 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 4,756 447,845 SH   SOLE   447,845 0 0
NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 2,587 181,829 SH   SOLE   181,829 0 0
NUVEEN TAX-ADVANTAGED DIVID COM 67073G105 202 12,732 SH   SOLE   12,732 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104 3,198 170,372 SH   SOLE   170,372 0 0
ROYCE MICRO-CAP TR INC COM 780915104 8,964 784,967 SH   SOLE   784,967 0 0
ROYCE VALUE TR INC COM 780910105 5,447 302,280 SH   SOLE   302,280 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 3,553 19,800 SH   SOLE   19,800 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 4,814 49,200 SH   SOLE   49,200 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 13,241 88,675 SH   SOLE   88,675 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 18,580 43,295 SH   SOLE   43,295 0 0
SPROTT FOCUS TR INC COM 85208J109 12,095 1,458,941 SH   SOLE   1,458,941 0 0
SWISS HELVETIA FD INC COM 870875101 3,078 335,286 SH   SOLE   335,286 0 0
TAIWAN FD INC COM 874036106 22,489 638,700 SH   SOLE   638,700 0 0
TEKLA LIFE SCIENCES INVS SH BEN INT 87911K100 208 10,000 SH   SOLE   10,000 0 0
TEMPLETON DRAGON FD INC COM 88018T101 4,507 250,825 SH   SOLE   250,825 0 0
TEMPLETON EMERGING MKTS FD COM 880191101 19,866 1,170,643 SH   SOLE   1,170,643 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 5,003 929,882 SH   SOLE   929,882 0 0
VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 4,048 73,900 SH   SOLE   73,900 0 0
VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 12,382 232,350 SH   SOLE   232,350 0 0
VIRTUS DIVIDEND INTEREST & P COM 92840R101 15,596 1,051,626 SH   SOLE   1,051,626 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 8,084 1,093,974 SH   SOLE   1,093,974 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 972 98,045 SH   SOLE   98,045 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 4,312 730,843 SH   SOLE   730,843 0 0
WESTERN ASSET HIGH INCOME OP COM 95766K109 1,907 367,361 SH   SOLE   367,361 0 0
WESTERN ASSET INTER MUNI FD COM 958435109 13,964 1,432,155 SH   SOLE   1,432,155 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105 15,933 1,194,392 SH   SOLE   1,194,392 0 0
WESTERN ASSET MUN PARTNERS F COM 95766P108 5,122 326,845 SH   SOLE   326,845 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 13,605 963,517 SH   SOLE   963,517 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104 40,722 3,064,140 SH   SOLE   3,064,140 0 0
INSIGHT SELECT INCOME FD COM 45781W109 67 3,187 SH   SOLE   3,187 0 0
INVESCO BD FD COM 46132L107 140 6,900 SH   SOLE   6,900 0 0