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 FUND COM 003011103 2,516 471,521 SH   SOLE   471,521 0 0
ABERDEEN CHILE FUND COM 00301W105 2,367 433,920 SH   SOLE   433,920 0 0
ABERDEEN EMERGING MARKETS SMALLER CO OPP COM 00301T102 42,861 4,028,274 SH   SOLE   4,028,274 0 0
ABERDEEN GREATER CHINA FUND INC COM 003031101 27,383 3,293,244 SH   SOLE   3,293,244 0 0
ABERDEEN INDONESIA FUND INC COM 00305P106 17,130 3,151,731 SH   SOLE   3,151,731 0 0
ABERDEEN JAPAN EQUITY FUND INC COM 00306J109 2,807 373,726 SH   SOLE   373,726 0 0
ABERDEEN LATIN AMERICA EQUITY COM 00306K106 43,123 2,901,979 SH   SOLE   2,901,979 0 0
ABERDEEN SINGAPORE FUND INC COM 003244100 5,661 677,574 SH   SOLE   677,574 0 0
ADAMS DIVERSIFIED EQUITY FUND COM 006212104 5,372 425,650 SH   SOLE   425,650 0 0
ADAMS NATURAL RESOURCES FUND I COM 00548F105 6,227 354,624 SH   SOLE   354,624 0 0
ASA GOLD AND PRECIOUS METALS LTD SHS G3156P103 3,296 454,017 SH   SOLE   454,017 0 0
ASIA PACIFIC FUND COM 044901106 44,722 4,512,773 SH   SOLE   4,512,773 0 0
ASIA TIGERS FUND INC. COM 04516T105 9,750 1,098,013 SH   SOLE   1,098,013 0 0
BARRICK GOLD CORP COM 067901108 77 10,000 SH   SOLE   10,000 0 0
BLACKROCK CORPORATE HIGH YIELD FUND COM 09255P107 4,301 440,900 SH   SOLE   440,900 0 0
BLACKROCK DEBT STRATEGIES FUND INC COM 09255R103 4,966 1,489,178 SH   SOLE   1,489,178 0 0
BLACKROCK ENHANCED EQUITY DIVIDEND TRUST COM 09251A104 4,596 613,171 SH   SOLE   613,171 0 0
BLACKROCK INTERNATIONAL GROWTH COM BENE INTER 092524107 402 65,900 SH   SOLE   65,900 0 0
BLACKROCK MULTI-SECTOR INCOME TRUST COM 09258A107 635 40,176 SH   SOLE   40,176 0 0
BLACKROCK MUNI INTERMEDIATE DURATION FUN COM 09253X102 1,049 73,858 SH   SOLE   73,858 0 0
BLACKROCK RESOURCES AND COMMODITIES STRA SHS 09257A108 1,769 250,674 SH   SOLE   250,674 0 0
BLACKSTONE GSO LONG SHORT CREDIT INCOME COM SHS BN INT 09257D102 2,076 154,087 SH   SOLE   154,087 0 0
BOULDER GROWTH AND INCOME FUND COM 101507101 1,459 191,130 SH   SOLE   191,130 0 0
BROOKFIELD MORTGAGE OPPORTUNITY INCOME F COM 112792106 3,925 268,261 SH   SOLE   268,261 0 0
CALAMOS CONVERTIBLE OPP AND INC FUND SH BEN INT 128117108 1,362 136,104 SH   SOLE   136,104 0 0
CBRE CLARION GLOBAL REAL ESTATE INCOME F COM 12504G100 3,471 458,811 SH   SOLE   458,811 0 0
CENTRAL FUND OF CANADA CL A 153501101 8,834 873,313 SH   SOLE   873,313 0 0
CENTRAL GOLDTRUST TR UNIT 153546106 5,650 146,669 SH   SOLE   146,669 0 0
CENTRAL SECS CORP COM 155123102 2,372 128,020 SH   SOLE   128,020 0 0
CHINA FUND INC. COM 169373107 37,309 2,476,513 SH   SOLE   2,476,513 0 0
CLOUGH GLOBAL ALLOCATION FUND COM 18913Y103 897 67,031 SH   SOLE   67,031 0 0
COHEN & STEERS INFRASTRUCTURE FUND COM 19248A109 2,535 133,040 SH   SOLE   133,040 0 0
COHEN & STEERS REIT AND PREFERRED INCOME COM 19247X100 3,748 204,196 SH   SOLE   204,196 0 0
COHEN & STEERS SELECT PREFERRED AND INCO COM 19248Y107 2,651 106,275 SH   SOLE   106,275 0 0
CREDIT SUISSE ASSET MANAGEMENT INCOME FU COM 224916106 1,907 684,714 SH   SOLE   684,714 0 0
CUSHING MLP TOTAL RETURN FUND COM SHS 231631102 1,187 108,280 SH   SOLE   108,280 0 0
DEUTSCHE HIGH INCOME TRUST SHS 25155R100 4,083 516,785 SH   SOLE   516,785 0 0
DWS HIGH INCOME OPPORTUNITIES FUND INC COM 25158Y102 3,651 282,052 SH   SOLE   282,052 0 0
FIRST TRUST DIVIDEND AND INCOME FUND COM 33731L100 1,651 196,436 SH   SOLE   196,436 0 0
FIRST TRUST HIGH INCOME LONG/SHORT FUND COM 33738E109 4,526 324,192 SH   SOLE   324,192 0 0
FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND COM 33731K102 12,265 955,932 SH   SOLE   955,932 0 0
FIRSTHAND TECHNOLOGY VALUE FUND INC COM 33766Y100 899 107,420 SH   SOLE   107,420 0 0
FREEPORT MC MORAN COPPER B CL B 35671D857 98 15,000 SH   SOLE   15,000 0 0
GABELLI DIV & INCOME TRUST COM 36242H104 2,717 150,825 SH   SOLE   150,825 0 0
GABELLI EQUITY TRUST COM 362397101 2,436 469,305 SH   SOLE   469,305 0 0
GABELLI GLOBAL MULTIMEDIA TOTAL RETURN COM 36239Q109 791 106,522 SH   SOLE   106,522 0 0
GAMCO NATURAL RESOURCES GOLD & INCOME TR SH BEN INT 36465E101 990 171,158 SH   SOLE   171,158 0 0
GENERAL AMERICAN INVESTORS COM 368802104 2,319 74,749 SH   SOLE   74,749 0 0
GLOBAL X FTSE ARGENTINA 20 ETF GB MSCI AR ETF 37950E259 1,222 68,600 SH   SOLE   68,600 0 0
GLOBAL X NIGERIA INDEX ETF GBL X MSCI NGR 37950E424 872 125,000 SH   SOLE   125,000 0 0
INDIA FUND INC COM 454089103 28,491 1,279,941 SH   SOLE   1,279,941 0 0
ISHARES EMU INDEX FUND MSCI EURZONE ETF 464286608 1,027 29,800 SH   SOLE   29,800 0 0
ISHARES FTSE/XINHUA CHINA 25 INDEX FUND CHINA LG-CAP ETF 464287184 20,105 588,800 SH   SOLE   588,800 0 0
ISHARES MSCI BRAZIL- US MSCI BRZ CAP ETF 464286400 21,532 1,079,576 SH   SOLE   1,079,576 0 0
ISHARES MSCI FRONTIER 100 ETF MSCI FRNTR100ETF 464286145 1,232 50,000 SH   SOLE   50,000 0 0
ISHARES MSCI KOREA MSCI STH KOR ETF 464286772 20,899 430,961 SH   SOLE   430,961 0 0
ISHARES MSCI MEXICO MSCI MEX CAP ETF 464286822 10,206 208,092 SH   SOLE   208,092 0 0
ISHARES MSCI TAIWAN MSCI TAIWAN 464286731 18,824 1,519,877 SH   SOLE   1,519,877 0 0
ISHARES MSCI UAE CAPPED ETF ISHARES TR 46434V761 772 50,000 SH   SOLE   50,000 0 0
IVY HIGH INCOME OPPORTUNITY COM 465893105 2,409 194,526 SH   SOLE   194,526 0 0
JAPAN SMALLER CAPITALIZATION FUND, INC COM 47109U104 1,291 127,412 SH   SOLE   127,412 0 0
JPMORGAN CHINA REGION FUND INC COM 48126T104 41,480 2,856,738 SH   SOLE   2,856,738 0 0
KOREA EQUITY COM 50063B104 28,094 4,110,259 SH   SOLE   4,110,259 0 0
KOREA FUND COM NEW 500634209 69,799 2,273,943 SH   SOLE   2,273,943 0 0
LATIN AMERICAN DISCOVERY COM 51828C106 17,961 2,484,236 SH   SOLE   2,484,236 0 0
LEGG MASON BW GLOBAL INCOME OPPORTUNITIE COM 52469B100 2,852 246,097 SH   SOLE   246,097 0 0
LIBERTY ALL STAR EQUITY FUND SH BEN INT 530158104 2,386 456,658 SH   SOLE   456,658 0 0
LMP REAL ESTATE INCOME FUND INC COM 50208C108 3,646 283,621 SH   SOLE   283,621 0 0
MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE COM 55608D101 1,271 67,076 SH   SOLE   67,076 0 0
MARKET VECTORS AFRICA INDEX ETF AFRICA ETF 57060U787 885 50,000 SH   SOLE   50,000 0 0
MEXICO EQUITY & INCOME FUND INC COM 592834105 26,680 2,548,252 SH   SOLE   2,548,252 0 0
MEXICO FUND COM 592835102 10,861 667,570 SH   SOLE   667,570 0 0
MFS CHARTER INCOME TRUST SH BEN INT 552727109 651 85,570 SH   SOLE   85,570 0 0
MFS INTERMEDIATE HIGH INCOME FUND SH BEN INT 59318T109 612 267,646 SH   SOLE   267,646 0 0
MORGAN STANLEY EMERGING MARKETS DOMESTIC COM 617477104 4,022 591,051 SH   SOLE   591,051 0 0
MS ASIA PACIFIC COM 61744U106 24,984 1,847,923 SH   SOLE   1,847,923 0 0
MS CHINA A SHARE COM 617468103 4,673 244,415 SH   SOLE   244,415 0 0
MS EMERGING MARKETS COM 61744G107 39,470 3,155,070 SH   SOLE   3,155,070 0 0
MS INDIA INVESTMENT COM 61745C105 95,244 3,846,674 SH   SOLE   3,846,674 0 0
MVC CAPITAL INC COM 553829102 1,203 162,598 SH   SOLE   162,598 0 0
NEUBERGER BERMAN HIGH YIELD STRATEGIES F COM 64128C106 6,349 628,886 SH   SOLE   628,886 0 0
NEUBERGER BERMAN REAL ESTATE SECURITIES COM 64190A103 4,865 982,898 SH   SOLE   982,898 0 0
NEW AMERICA HIGH INCOME FUND COM NEW 641876800 4,183 541,547 SH   SOLE   541,547 0 0
NEW GERMANY COM 644465106 1,032 72,288 SH   SOLE   72,288 0 0
NEXPOINT CREDIT STRATEGIES FUND COM 65340G106 3,678 179,942 SH   SOLE   179,942 0 0
NEXPOINT RESIDENTIAL TRUST COM 65341D102 436 33,266 SH   SOLE   33,266 0 0
NUVEEN CREDIT STRATEGIES INCOME FUND COM 67073D102 3,945 502,864 SH   SOLE   502,864 0 0
NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND COM SH BEN INT 67070X101 1,534 106,981 SH   SOLE   106,981 0 0
NUVEEN GLOBAL EQUITY INCOME FUND COM 6706EH103 145 13,400 SH   SOLE   13,400 0 0
NUVEEN GLOBAL HIGH INCOME FUND SHS 67075G103 1,727 125,646 SH   SOLE   125,646 0 0
NUVEEN INSURED DIVIDEND ADVANTAGE MUNICI COM 67071L106 1,042 71,828 SH   SOLE   71,828 0 0
NUVEEN MORTGAGE OPPORTUNITY TERM FUND COM 670735109 3,993 175,602 SH   SOLE   175,602 0 0
NUVEEN MORTGAGE OPPORTUNITY TERM FUND 2 COM 67074R100 334 15,000 SH   SOLE   15,000 0 0
PAMPA ENERGIA SA-SPON ADR SPONS ADR LVL I 697660207 4,137 211,654 SH   SOLE   211,654 0 0
PIMCO DYNAMIC CREDIT INCOME COM SHS 72202D106 4,854 269,160 SH   SOLE   269,160 0 0
PUTNAM MASTER INTERMEDIATE INCOME TRUST COM 746909100 352 78,170 SH   SOLE   78,170 0 0
PUTNAM MUNICIPAL OPPORTUNITIES TRUST COM 746922103 876 71,106 SH   SOLE   71,106 0 0
PUTNAM PREMIER INCOME TRUST COM 746853100 468 95,494 SH   SOLE   95,494 0 0
REAVES UTILITY INCOME FUND COM SH BEN INT 756158101 4,165 160,948 SH   SOLE   160,948 0 0
S&P 500 DEPOSITARY RECEIPT TR UNIT 78462F103 281 1,400 SH   SOLE   1,400 0 0
SILVER WHEATON GROUP COM 828336107 275 22,000 SH   SOLE   22,000 0 0
SPROTT FOCUS TRUST COM 85208J109 972 171,351 SH   SOLE   171,351 0 0
STILLWATER MINING CO COM 86074Q102 137 16,000 SH   SOLE   16,000 0 0
SWISS HELVETIA FUND INC COM 870875101 1,123 107,234 SH   SOLE   107,234 0 0
TAIWAN FUND COM 874036106 42,702 2,953,124 SH   SOLE   2,953,124 0 0
TEMPLETON DRAGON FUND COM 88018T101 163,195 9,338,791 SH   SOLE   9,338,791 0 0
TEMPLETON EMERGING MARKETS FD COM 880191101 31,535 3,219,503 SH   SOLE   3,219,503 0 0
THAI FUND INC. COM 882904105 26,393 3,915,942 SH   SOLE   3,915,942 0 0
THE CENTRAL EUROPE RUSSIA AND TURKEY FUN COM 153436100 25,886 1,582,731 SH   SOLE   1,582,731 0 0
THE CUSHING RENAISSANCE FUND COM 231647108 1,204 85,035 SH   SOLE   85,035 0 0
THE EUROPEAN EQUITY FUND INC. COM 298768102 89 11,160 SH   SOLE   11,160 0 0
TORTOISE ENERGY INFRASTRUCTURE CORPORATI COM 89147L100 754 26,900 SH   SOLE   26,900 0 0
TORTOISE MLP FUND INC COM 89148B101 2,465 142,155 SH   SOLE   142,155 0 0
TORTOISE PIPELINE & ENERGY FUND INC COM 89148H108 3,731 253,724 SH   SOLE   253,724 0 0
TURKISH INVESTMENT FUND INC. COM 900145103 4,271 563,096 SH   SOLE   563,096 0 0
VALE SA PREF ADR ADR 91912E204 149 60,000 SH   SOLE   60,000 0 0
VANGUARD EMERGING MARKETS ETF FTSE EMR MKT ETF 922042858 4,595 144,600 SH   SOLE   144,600 0 0
VOYA ASIA PACIFIC HIGH DIV FUND COM 92912J102 5,372 614,702 SH   SOLE   614,702 0 0
VOYA EMERGING MARKETS HIGH INC COM 92912P108 19,760 2,767,439 SH   SOLE   2,767,439 0 0
WA/CLAY US INFLATION-LINKED OPP&INC COM 95766R104 2,781 268,278 SH   SOLE   268,278 0 0
WELLS FARGO ADVANTAGE INCOME OPPORTUNITI COM SHS 94987B105 3,213 429,009 SH   SOLE   429,009 0 0
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOM COM SHS 94987D101 937 81,871 SH   SOLE   81,871 0 0
WESTERN ASSET HIGH INCOME OPPORTUNITY FU COM 95766K109 6,191 1,338,518 SH   SOLE   1,338,518 0 0
WESTERN ASSET HIGH YIELD DEFINED OPPORTU COM 95768B107 1,190 84,900 SH   SOLE   84,900 0 0
WESTERN ASSET MANAGED HIGH INCOME FUND I COM 95766L107 2,588 570,600 SH   SOLE   570,600 0 0
ZWEIG FUND INC COM NEW 989834205 1,786 137,781 SH   SOLE   137,781 0 0