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 6,476 1,295,183 SH   SOLE   1,295,183 0 0
ABERDEEN AUSTRALIA EQTY FD I COM 003011103 7,894 1,296,220 SH   SOLE   1,296,220 0 0
ABERDEEN CHILE FD INC COM 00301W105 3,048 430,538 SH   SOLE   430,538 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 3,890 281,750 SH   SOLE   281,750 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 2,658 231,728 SH   SOLE   231,728 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 5,682 747,041 SH   SOLE   747,041 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 8,469 438,016 SH   SOLE   438,016 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 22,273 2,620,297 SH   SOLE   2,620,297 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 9,445 408,010 SH   SOLE   408,010 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 15,059 1,360,358 SH   SOLE   1,360,358 0 0
ADAM NAT RES FD INC COM 00548F105 1,641 87,761 SH   SOLE   87,761 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 18,337 1,283,174 SH   SOLE   1,283,174 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 524 84,121 SH   SOLE   84,121 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 254 12,846 SH   SOLE   12,846 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 1,836 179,476 SH   SOLE   179,476 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 16,017 2,526,396 SH   SOLE   2,526,396 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 74,850 8,613,359 SH   SOLE   8,613,359 0 0
ASIA PAC FD INC COM 044901106 4,746 365,081 SH   SOLE   365,081 0 0
ASIA TIGERS FD INC COM 04516T105 2,147 180,596 SH   SOLE   180,596 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 1,966 141,629 SH   SOLE   141,629 0 0
BLACKROCK ENH CAP & INC FD I COM 09256A109 9,504 638,278 SH   SOLE   638,278 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 8,187 930,361 SH   SOLE   930,361 0 0
BLACKROCK ENHANCED GBL DIV T COM 092501105 53,989 4,074,637 SH   SOLE   4,074,637 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 8,411 631,945 SH   SOLE   631,945 0 0
BLACKROCK ENHANCED INTL DIV COM BENE INTER 092524107 24,956 3,973,906 SH   SOLE   3,973,906 0 0
BLACKROCK INCOME TR INC COM 09247F100 10,877 1,707,470 SH   SOLE   1,707,470 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,000 71,200 SH   SOLE   71,200 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 48,209 6,018,573 SH   SOLE   6,018,573 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 18,522 2,399,285 SH   SOLE   2,399,285 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 7,232 330,226 SH   SOLE   330,226 0 0
CENTRAL SECS CORP COM 155123102 6,128 245,801 SH   SOLE   245,801 0 0
CHINA FD INC COM 169373107 8,369 448,020 SH   SOLE   448,020 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 12,050 1,136,800 SH   SOLE   1,136,800 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,533 134,501 SH   SOLE   134,501 0 0
DEUTSCHE MULTI-MKT INCOME TR SHS 25160E102 2,825 320,982 SH   SOLE   320,982 0 0
DEUTSCHE STRATEGIC INCOME TR SHS 25160F109 295 23,820 SH   SOLE   23,820 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 563 33,924 SH   SOLE   33,924 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 9,538 1,037,868 SH   SOLE   1,037,868 0 0
EATON VANCE LTD DUR INCOME F COM 27828H105 13,862 983,128 SH   SOLE   983,128 0 0
EATON VANCE MUN BD FD COM 27827X101 10,182 802,363 SH   SOLE   802,363 0 0
EUROPEAN EQUITY FUND COM 298768102 13,421 1,463,609 SH   SOLE   1,463,609 0 0
FIRST TR DYNAMIC EUROPE EQT COM SHS 33740D107 24,607 1,308,162 SH   SOLE   1,308,162 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 4,549 283,254 SH   SOLE   283,254 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 7,877 555,867 SH   SOLE   555,867 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 4,871 411,761 SH   SOLE   411,761 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 363 29,377 SH   SOLE   29,377 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 1,768 87,381 SH   SOLE   87,381 0 0
GENERAL AMERN INVS INC COM 368802104 9,905 288,350 SH   SOLE   288,350 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 7,729 527,564 SH   SOLE   527,564 0 0
HANCOCK JOHN INVS TR COM 410142103 2,789 162,607 SH   SOLE   162,607 0 0
ISHARES MSCI AUST ETF 464286103 75,837 3,498,002 SH   SOLE   3,498,002 0 0
ISHARES MSCI EURZONE ETF 464286608 52,706 1,307,030 SH   SOLE   1,307,030 0 0
ISHARES MSCI FRANCE ETF 464286707 36,855 1,281,474 SH   SOLE   1,281,474 0 0
ISHARES MSCI GERMANY ETF 464286806 61,175 2,020,976 SH   SOLE   2,020,976 0 0
ISHARES MSCI SZ CAP ETF 464286749 17,517 510,551 SH   SOLE   510,551 0 0
ISHARES INC MSCI JPN ETF NEW 46434G822 150,618 2,807,426 SH   SOLE   2,807,426 0 0
ISHARES TR 7-10YR TR BD ETF 464287440 69,807 654,790 SH   SOLE   654,790 0 0
ISHARES TR CORE US AGGBD ET 464287226 107,703 983,500 SH   SOLE   983,500 0 0
ISHARES TR MBS ETF 464288588 53,658 502,600 SH   SOLE   502,600 0 0
ISHARES TR MSCI UK ETF NEW 46435G334 825 24,745 SH   SOLE   24,745 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 49,308 4,295,161 SH   SOLE   4,295,161 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 6,064 302,132 SH   SOLE   302,132 0 0
KOREA EQUITY FD INC COM 50063B104 4,689 666,027 SH   SOLE   666,027 0 0
KOREA FD COM NEW 500634209 17,408 434,777 SH   SOLE   434,777 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 1,948 185,853 SH   SOLE   185,853 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 12,471 762,543 SH   SOLE   762,543 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 6,776 512,139 SH   SOLE   512,139 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 18,580 3,282,756 SH   SOLE   3,282,756 0 0
LIBERTY ALL-STAR GROWTH FD I COM 529900102 1,921 390,399 SH   SOLE   390,399 0 0
LMP CAP & INCOME FD INC COM 50208A102 2,738 192,577 SH   SOLE   192,577 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 15,454 619,136 SH   SOLE   619,136 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,767 329,826 SH   SOLE   329,826 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 11,037 1,277,454 SH   SOLE   1,277,454 0 0
MFS GOVT MKTS INCOME TR SH BEN INT 552939100 924 184,351 SH   SOLE   184,351 0 0
MFS INTER INCOME TR SH BEN INT 55273C107 10,368 2,399,921 SH   SOLE   2,399,921 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 14,878 2,399,677 SH   SOLE   2,399,677 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 20,760 1,248,343 SH   SOLE   1,248,343 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 13,466 601,946 SH   SOLE   601,946 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 2,482 250,982 SH   SOLE   250,982 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 10,954 678,242 SH   SOLE   678,242 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 11,958 656,305 SH   SOLE   656,305 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 2,794 517,471 SH   SOLE   517,471 0 0
NEW GERMANY FD INC COM 644465106 18,971 1,140,790 SH   SOLE   1,140,790 0 0
NEW IRELAND FUND INC COM 645673104 2,078 150,273 SH   SOLE   150,273 0 0
NUVEEN AMT FREE QLTY MUN INC COM 670657105 7,536 550,458 SH   SOLE   550,458 0 0
NUVEEN DOW 30 DYN OVERWRITE SHS 67075F105 2,617 158,408 SH   SOLE   158,408 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 5,622 750,589 SH   SOLE   750,589 0 0
NUVEEN QUALITY MUNCP INCOME COM 67066V101 6,085 433,424 SH   SOLE   433,424 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063C106 801 58,400 SH   SOLE   58,400 0 0
NUVEEN SELECT TAX FREE INCM SH BEN INT 67063X100 79 5,408 SH   SOLE   5,408 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 2,476 257,676 SH   SOLE   257,676 0 0
ROYCE MICRO-CAP TR INC COM 780915104 1,346 155,601 SH   SOLE   155,601 0 0
ROYCE VALUE TR INC COM 780910105 4,811 329,717 SH   SOLE   329,717 0 0
SPDR S&P 500 ETF TR TR UNIT 78462F103 6,988 28,900 SH   SOLE   28,900 0 0
SPROTT FOCUS TR INC COM 85208J109 5,145 698,083 SH   SOLE   698,083 0 0
SWISS HELVETIA FD INC COM 870875101 41,115 3,237,371 SH   SOLE   3,237,371 0 0
TAIWAN FD INC COM 874036106 6,716 339,340 SH   SOLE   339,340 0 0
TEMPLETON DRAGON FD INC COM 88018T101 13,413 665,019 SH   SOLE   665,019 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 19,484 1,306,760 SH   SOLE   1,306,760 0 0
TEMPLETON GLOBAL INCOME FD COM 880198106 4,321 642,991 SH   SOLE   642,991 0 0
THAI FD INC COM 882904105 6,549 755,337 SH   SOLE   755,337 0 0
TRI CONTL CORP COM 895436103 11,578 475,498 SH   SOLE   475,498 0 0
VIRTUS TOTAL RETURN FUND INC COM 92837G100 1,317 107,630 SH   SOLE   107,630 0 0
VOYA ASIA PAC DIVID EQUITY I COM 92912J102 1,926 183,078 SH   SOLE   183,078 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 21,053 2,397,821 SH   SOLE   2,397,821 0 0
VOYA GLBL ADV & PREM OPP FD COM 92912R104 224 20,700 SH   SOLE   20,700 0 0
VOYA GLBL EQTY DIV & PREM OP COM 92912T100 437 57,864 SH   SOLE   57,864 0 0
WELLS FARGO GLOBAL DIVIDEND COM 94987C103 5,751 939,707 SH   SOLE   939,707 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 31,926 2,897,089 SH   SOLE   2,897,089 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 19,475 1,723,474 SH   SOLE   1,723,474 0 0
WESTERN ASSET EMRG MKT DEBT COM 95766A101 6,298 404,480 SH   SOLE   404,480 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 8,398 471,548 SH   SOLE   471,548 0 0
WESTERN ASSET PREMIER BD FD SHS BEN INT 957664105 787 56,287 SH   SOLE   56,287 0 0