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 7,039 1,163,468 SH   SOLE   1,163,468 0 0
ABERDEEN EMRG MRKTS EQT INM COM 00301W105 28,122 3,550,804 SH   SOLE   3,550,804 0 0
ABERDEEN GLOBAL DYNAMIC DIVI COM 00302M106 445 36,837 SH   SOLE   36,837 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 25,537 3,141,083 SH   SOLE   3,141,083 0 0
ABERDEEN TOTAL DYNAMIC DIVD COM SH BEN INT 00326L100 55,150 5,396,292 SH   SOLE   5,396,292 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 40,830 2,103,536 SH   SOLE   2,103,536 0 0
ALLIANCEBERNSTEIN NATL MUN I COM 01864U106 7,304 493,171 SH   SOLE   493,171 0 0
BLACKROCK CALIF MUN INCOME T SH BEN INT 09248E102 10,644 731,571 SH   SOLE   731,571 0 0
BLACKROCK CAP ALLOCATION TR COM 09260U109 1,717 88,300 SH   SOLE   88,300 0 0
BLACKROCK ENHANCD CAP & INM COM 09256A109 4,312 194,956 SH   SOLE   194,956 0 0
BLACKROCK ENHANCED GLOBAL DI COM 092501105 31,547 2,590,104 SH   SOLE   2,590,104 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 6,475 515,096 SH   SOLE   515,096 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 25,683 4,089,672 SH   SOLE   4,089,672 0 0
BLACKROCK ESG CAP ALLC TR SHS BEN INT 09262F100 707 37,899 SH   SOLE   37,899 0 0
BLACKROCK HEALTH SCIENCS TR COM SHS 09260E105 6,012 237,077 SH   SOLE   237,077 0 0
BLACKROCK INNOVATION AND GRW SHS BEN INT 09260Q108 2,059 141,608 SH   SOLE   141,608 0 0
BLACKROCK MUNIHLDS INVSTM QL COM 09254P108 1,517 102,057 SH   SOLE   102,057 0 0
BLACKROCK MUNIVEST FD INC COM 09253R105 8,129 849,439 SH   SOLE   849,439 0 0
BLACKROCK MUNIYIELD QUALITY COM 09254E103 14,094 950,999 SH   SOLE   950,999 0 0
BLACKROCK SCIENCE & TECHNOLO SHS 09258G104 11,338 226,890 SH   SOLE   226,890 0 0
BLACKROCK SCIENCE & TECHNOLO SHS BEN INT 09260K101 10,687 274,447 SH   SOLE   274,447 0 0
CBRE GBL REAL ESTATE INC FD COM 12504G100 1,756 179,327 SH   SOLE   179,327 0 0
CENTRAL & EASTERN EUROPE FD COM 153436100 7,600 287,979 SH   SOLE   287,979 0 0
CENTRAL SECS CORP COM 155123102 15,773 353,818 SH   SOLE   353,818 0 0
CHINA FD INC COM 169373107 5,564 304,384 SH   SOLE   304,384 0 0
COHEN & STEERS TAX ADVAN PFD COM 19249X108 770 32,000 SH   SOLE   32,000 0 0
CREDIT SUISSE HIGH YIELD BD SH BEN INT 22544F103 5,360 2,170,040 SH   SOLE   2,170,040 0 0
CUSHING MLP & INFRASTRUCT COM NEW 231631300 1,290 42,281 SH   SOLE   42,281 0 0
DTF TAX-FREE INCOME INC COM 23334J107 8,720 610,222 SH   SOLE   610,222 0 0
DWS MUN INCOME TR COM 233368109 31,204 2,639,972 SH   SOLE   2,639,972 0 0
DWS STRATEGIC MUN INCOME TR COM 23342Q101 4,911 403,886 SH   SOLE   403,886 0 0
EATON VANCE CALIF MUN BD FD COM 27828A100 1,842 158,774 SH   SOLE   158,774 0 0
EATON VANCE MUNI INCOME TRUS SH BEN INT 27826U108 7,528 544,694 SH   SOLE   544,694 0 0
EATON VANCE NEW YORK MUN BD COM 27827Y109 1,724 141,859 SH   SOLE   141,859 0 0
EATON VANCE TX ADV GLBL DIV COM 27828S101 2,702 118,886 SH   SOLE   118,886 0 0
EUROPEAN EQUITY FD INC COM 298768102 19,447 1,875,110 SH   SOLE   1,875,110 0 0
FIRST TR DYNAMIC EUROPE EQUI COM SHS 33740D107 16,761 1,262,123 SH   SOLE   1,262,123 0 0
FIRST TR MTG INCOME FD COM SHS 33734E103 4,843 355,576 SH   SOLE   355,576 0 0
GENERAL AMERN INVS CO INC COM 368802104 37,285 843,551 SH   SOLE   843,551 0 0
GUGGENHEIM STRATEGIC OPPORTU COM SBI 40167F101 173 9,467 SH   SOLE   9,467 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 12,120 786,497 SH   SOLE   786,497 0 0
INDIA FD INC COM 454089103 1,459 69,152 SH   SOLE   69,152 0 0
INVESCO BD FD COM 46132L107 219 11,000 SH   SOLE   11,000 0 0
ISHARES INC MSCI AUST ETF 464286103 30,799 1,240,398 SH   SOLE   1,240,398 0 0
ISHARES INC MSCI EURZONE ETF 464286608 92,671 1,890,866 SH   SOLE   1,890,866 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 241,774 3,610,721 SH   SOLE   3,610,721 0 0
ISHARES INC MSCI SWITZERLAND 464286749 70,464 1,336,308 SH   SOLE   1,336,308 0 0
ISHARES TR BARCLAYS 7 10 YR 464287440 122,153 1,062,200 SH   SOLE   1,062,200 0 0
ISHARES TR BROAD USD HIGH 46435U853 8,238 200,000 SH   SOLE   200,000 0 0
ISHARES TR IBOXX INV CP ETF 464287242 92,009 694,300 SH   SOLE   694,300 0 0
ISHARES TR MBS ETF 464288588 118,756 1,105,430 SH   SOLE   1,105,430 0 0
ISHARES TR NATIONAL MUN ETF 464288414 15,136 130,168 SH   SOLE   130,168 0 0
ISHARES TR SHRT NAT MUN ETF 464288158 8,536 79,500 SH   SOLE   79,500 0 0
ISHARES TR US TREAS BD ETF 46429B267 90,783 3,402,675 SH   SOLE   3,402,675 0 0
ISHARES TR CORE US AGGBD ET 464287226 160 1,400 SH   SOLE   1,400 0 0
ISHARES TR MSCI EMG MKT ETF 464287234 195 4,000 SH   SOLE   4,000 0 0
JAPAN SMALLER CAPITALIZATION COM 47109U104 36,664 4,658,755 SH   SOLE   4,658,755 0 0
KOREA FD INC COM NEW 500634209 16,904 491,702 SH   SOLE   491,702 0 0
LMP CAP & INCOME FD INC COM 50208A102 891 58,623 SH   SOLE   58,623 0 0
MACQUARIE GLOBAL INFRASTRUCT COM 55608D101 8,435 349,511 SH   SOLE   349,511 0 0
MEXICO FD INC COM 592835102 3,069 194,951 SH   SOLE   194,951 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 5,544 1,544,359 SH   SOLE   1,544,359 0 0
MFS INVT GRADE MUN TR SH BEN INT 59318B108 1,100 106,735 SH   SOLE   106,735 0 0
MFS MUN INCOME TR SH BEN INT 552738106 1,233 176,205 SH   SOLE   176,205 0 0
MILLER HOWARD HIGH INC EQTY COM SHS BEN IN 600379101 2,304 223,261 SH   SOLE   223,261 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 25,260 1,237,643 SH   SOLE   1,237,643 0 0
MORGAN STANLEY INDIA INVT FD COM 61745C105 2,891 108,280 SH   SOLE   108,280 0 0
NEUBERGER BERMAN NEXT GENERA COMMON STOCK 64133Q108 3,168 183,116 SH   SOLE   183,116 0 0
NEW GERMANY FD INC COM 644465106 19,801 1,337,025 SH   SOLE   1,337,025 0 0
NEW IRELAND FD INC COM 645673104 5,267 471,916 SH   SOLE   471,916 0 0
NUVEEN AMT-FREE MUN VALUE FD COM 670695105 17,875 1,078,078 SH   SOLE   1,078,078 0 0
NUVEEN CALIFORNIA MUNI VLU F COM STK 67062C107 2,247 222,017 SH   SOLE   222,017 0 0
NUVEEN CORE PLUS IMPACT FUND COM BEN INT 67080D103 27,171 1,484,761 SH   SOLE   1,484,761 0 0
NUVEEN DOW 30 DYNMC OVERWRT SHS 67075F105 4,919 276,835 SH   SOLE   276,835 0 0
NUVEEN FLOATING RATE INCOME COM 67072T108 2,122 208,646 SH   SOLE   208,646 0 0
NUVEEN FLOATING RATE INCOME COM SHS 6706EN100 3,690 364,300 SH   SOLE   364,300 0 0
NUVEEN GEORGIA QLTY MUN INC COM 67072B107 1,929 139,975 SH   SOLE   139,975 0 0
NUVEEN MULTI-MKT INCOME FD COM 67075J107 8,941 1,179,596 SH   SOLE   1,179,596 0 0
NUVEEN MUN VALUE FD INC COM 670928100 65 6,300 SH   SOLE   6,300 0 0
NUVEEN N Y MUN VALUE FD COM 67062M105 281 28,545 SH   SOLE   28,545 0 0
NUVEEN REAL ESTATE INCOME FD COM 67071B108 5,714 445,713 SH   SOLE   445,713 0 0
NUVEEN S&P 500 BUY-WRITE INC COM 6706ER101 2,510 171,320 SH   SOLE   171,320 0 0
NUVEEN SELECT TAX-FREE INCOM SH BEN INT 67062F100 155 9,700 SH   SOLE   9,700 0 0
PGIM SHORT DUR HIG YLD OPP F COM 69355J104 14,224 771,784 SH   SOLE   771,784 0 0
PIONEER MUN HIGH INCOME OPPO COMMON STOCK 723760104 3,457 188,186 SH   SOLE   188,186 0 0
PIONEER MUNICIPAL HIGH INCOM COM SHS 723763108 339 27,700 SH   SOLE   27,700 0 0
ROYCE MICRO-CAP TR INC COM 780915104 9,659 836,317 SH   SOLE   836,317 0 0
ROYCE VALUE TR INC COM 780910105 1,103 56,301 SH   SOLE   56,301 0 0
SELECT SECTOR SPDR TR SBI CONS DISCR 81369Y407 2,310 11,300 SH   SOLE   11,300 0 0
SELECT SECTOR SPDR TR SBI INT-INDS 81369Y704 6,596 62,335 SH   SOLE   62,335 0 0
SELECT SECTOR SPDR TR TECHNOLOGY 81369Y803 13,488 77,575 SH   SOLE   77,575 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 20,563 43,295 SH   SOLE   43,295 0 0
SPROTT FOCUS TR INC COM 85208J109 11,197 1,301,931 SH   SOLE   1,301,931 0 0
SSGA ACTIVE ETF TR BLACKSTONE SENR 78467V608 4,777 104,700 SH   SOLE   104,700 0 0
SWISS HELVETIA FD INC COM 870875101 3,289 330,865 SH   SOLE   330,865 0 0
TAIWAN FD INC COM 874036106 23,564 627,196 SH   SOLE   627,196 0 0
TEMPLETON DRAGON FD INC COM 88018T101 3,807 223,925 SH   SOLE   223,925 0 0
TEMPLETON EMERGING MKTS FD COM 880191101 17,347 1,081,503 SH   SOLE   1,081,503 0 0
THORNBURG INCM BUILDER OPP T COM 885213108 303 16,254 SH   SOLE   16,254 0 0
VANGUARD MUN BD FDS TAX EXEMPT BD 922907746 4,607 83,900 SH   SOLE   83,900 0 0
VANGUARD SCOTTSDALE FDS MTG-BKD SECS ETF 92206C771 10,761 203,650 SH   SOLE   203,650 0 0
VIRTUS ALLIANZGI CONVERTIBLE COM 92838U108 450 88,301 SH   SOLE   88,301 0 0
VIRTUS DIVIDEND INTEREST & P COM 92840R101 16,915 1,053,226 SH   SOLE   1,053,226 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 6,772 953,853 SH   SOLE   953,853 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 4,019 647,158 SH   SOLE   647,158 0 0
WESTERN ASSET DIVERSIFIED IN COM SHS BEN INT 95790K109 23,383 1,277,070 SH   SOLE   1,277,070 0 0
WESTERN ASSET HIGH INCOME OP COM 95766K109 1,871 359,861 SH   SOLE   359,861 0 0
WESTERN ASSET INTER MUNI FD COM 958435109 13,529 1,403,392 SH   SOLE   1,403,392 0 0
WESTERN ASSET MANAGED MUNS F COM 95766M105 15,693 1,199,756 SH   SOLE   1,199,756 0 0
WESTERN ASSET MUN PARTNERS F COM 95766P108 4,951 318,161 SH   SOLE   318,161 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 13,296 927,817 SH   SOLE   927,817 0 0
WESTERN AST INFL LKD OPP & I COM 95766R104 38,312 2,821,240 SH   SOLE   2,821,240 0 0