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 EMERGING MARKETS EQUI COM 00301W105 96,339 15,135,741 SH   SOLE   15,135,741 0 0
ABERDEEN JAPAN EQUITY FUND INC COM 00306J109 3,688 570,898 SH   SOLE   570,898 0 0
ABERDEEN TOTAL DYNAMIC DIVIDEND COM SH BEN INT 00326L100 6,271 869,093 SH   SOLE   869,093 0 0
ADAMS DIVERSIFIED EQUITY FUND COM 006212104 524 41,536 SH   SOLE   41,536 0 0
ADAMS NATURAL RESOURCES FUND I COM 00548F105 3,476 238,803 SH   SOLE   238,803 0 0
ALLIANCEBERNSTEIN NATIONAL MUNI COM 01864U106 673 55,380 SH   SOLE   55,380 0 0
ALLIANZGI NFJ DIVIDEND INTEREST COM 01883A107 513 48,021 SH   SOLE   48,021 0 0
APOLLO SENIOR FLOATING RATE FUND INC COM 037636107 453 31,512 SH   SOLE   31,512 0 0
ARES DYNAMIC CREDIT ALLOCATION FUND COM 04014F102 2,757 199,608 SH   SOLE   199,608 0 0
ASIA PACIFIC FUND COM 044901106 35,954 3,144,170 SH   SOLE   3,144,170 0 0
BLACKROCK 2022 GLOBAL INCOME O COM 09258P104 1,923 230,103 SH   SOLE   230,103 0 0
BLACKROCK CALIFORNIA MUNICIPAL SH BEN INT 09248E102 654 54,643 SH   SOLE   54,643 0 0
BLACKROCK ENHANCED EQUITY DIVIDEND TRUST COM 09251A104 483 62,246 SH   SOLE   62,246 0 0
BLACKROCK FLOATING RATE INCOME STRATEGY COM 09255X100 628 52,764 SH   SOLE   52,764 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 4,393 468,632 SH   SOLE   468,632 0 0
BLACKROCK INTERNATIONAL GROWTH COM BENE INTER 092524107 5,011 1,005,137 SH   SOLE   1,005,137 0 0
BLACKROCK INVESTMENT QUALITY MUNICIPAL T COM 09247D105 655 49,651 SH   SOLE   49,651 0 0
BLACKROCK MULTI-SECTOR INCOME TRUST COM 09258A107 433 28,151 SH   SOLE   28,151 0 0
BLACKROCK MUNI INTERMEDIATE DURATION FUN COM 09253X102 1,161 91,727 SH   SOLE   91,727 0 0
BLACKROCK MUNICIPAL INCOME QUA COM 092479104 655 52,474 SH   SOLE   52,474 0 0
BLACKROCK MUNICIPAL INCOME TRUST SH BEN INT 09248F109 967 79,192 SH   SOLE   79,192 0 0
BLACKROCK MUNICIPAL TARGET TERM TRUST COM SHS BEN INT 09257P105 1,532 74,935 SH   SOLE   74,935 0 0
BLACKROCK MUNIYIELD CALIFORNIA FUND COM 09254M105 681 52,835 SH   SOLE   52,835 0 0
BLACKROCK MUNIYIELD CALIFORNIA QUALITY F COM 09254N103 2,202 174,592 SH   SOLE   174,592 0 0
BLACKROCK MUNIYIELD QUALITY FUND II INC COM 09254G108 333 29,023 SH   SOLE   29,023 0 0
BLACKROCK MUNIYIELD QUALITY FUND III COM 09254E103 1,192 98,895 SH   SOLE   98,895 0 0
BLACKROCK MUNIYIELD QUALITY FUND INC COM 09254F100 653 50,267 SH   SOLE   50,267 0 0
BLACKSTON/GSO STRATEGIC CREDIT FUND COM SHS BEN IN 09257R101 664 49,211 SH   SOLE   49,211 0 0
BLACKSTONE/GSO SENIOR FLOATING RATE TERM COM 09256U105 5,869 382,317 SH   SOLE   382,317 0 0
BROOKFIELD GLOBAL LISTED INFRASTRUCTURE COM SHS 11273Q109 3,311 326,373 SH   SOLE   326,373 0 0
BROOKFIELD REAL ASSETS INCOME SHS BEN INT 112830104 5,548 290,762 SH   SOLE   290,762 0 0
CALAMOS STRAT TOT RETURN FD COM SH BEN INT 128125101 310 29,300 SH   SOLE   29,300 0 0
CBRE CLARION GLOBAL REAL ESTATE INCOME F COM 12504G100 239 38,794 SH   SOLE   38,794 0 0
CENTRAL AND EASTERN EUROPE FUND COM 153436100 30,501 1,381,678 SH   SOLE   1,381,678 0 0
CHINA FUND INC. COM 169373107 73,252 4,335,711 SH   SOLE   4,335,711 0 0
CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY COM 18469P100 2,219 283,753 SH   SOLE   283,753 0 0
COHEN & STEERS MLP INCOME & ENG OPP COM SHS 19249B106 7,350 980,615 SH   SOLE   980,615 0 0
CORNERSTONE STRATEGIC VALUE FUND COM 21924B302 5,596 499,658 SH   SOLE   499,658 0 0
CORNERSTONE TOTAL RETURN FUND COM 21924U300 5,016 452,135 SH   SOLE   452,135 0 0
CRESUD ADR SPONSORED ADR 226406106 13,562 1,117,106 SH   SOLE   1,117,106 0 0
DREYFUS MUNICIPAL BOND INFRASTRUCTURE FU SHS 26203D101 681 57,298 SH   SOLE   57,298 0 0
DREYFUS MUNICIPAL INCOME INC COM 26201R102 494 64,645 SH   SOLE   64,645 0 0
DREYFUS STRATEGIC MUNI BO COM 26202F107 644 92,101 SH   SOLE   92,101 0 0
DREYFUS STRATEGIC MUNICIPALS INC COM 261932107 651 90,669 SH   SOLE   90,669 0 0
EATON VANCE FLOATING RATE INCOME PLUS COM 278284104 504 35,464 SH   SOLE   35,464 0 0
EATON VANCE LIMITED DURATION INCOME FUND COM 27828H105 978 82,159 SH   SOLE   82,159 0 0
EATON VANCE MUNICIPAL BOND FUND COM 27827X101 665 59,044 SH   SOLE   59,044 0 0
EATON VANCE RISK MANAGED DIV COM 27829G106 343 42,240 SH   SOLE   42,240 0 0
EATON VANCE SENIOR FLOATING-RATE FUND COM 27828Q105 1,130 90,130 SH   SOLE   90,130 0 0
EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE COM 27828S101 1,804 133,154 SH   SOLE   133,154 0 0
FIRST TRUST DYNAMIC EUROPEAN EQUITY INC COM SHS 33740D107 5,076 400,751 SH   SOLE   400,751 0 0
FIRST TRUST SENIOR FLOATING RATE INCOME COM 33733U108 666 59,482 SH   SOLE   59,482 0 0
FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETUR COM 338479108 415 24,159 SH   SOLE   24,159 0 0
GABELLI HEALTHCARE AND WELLNESSRX TRUST SHS 36246K103 420 45,456 SH   SOLE   45,456 0 0
GLOBAL X NIGERIA INDEX ETF GBL X MSCI NGR 37954Y665 2,062 126,209 SH   SOLE   126,209 0 0
HERZFELD CARIBBEAN BASIN FUND COM 42804T106 2,173 445,223 SH   SOLE   445,223 0 0
HIGHLAND FLOATING RATE OPP SHS BEN INT 43010E404 9,003 704,191 SH   SOLE   704,191 0 0
INDIA FUND INC COM 454089103 43,167 2,133,811 SH   SOLE   2,133,811 0 0
ING INFRASTRUCTURE INDUSTRIALS AND MATER COM 92912X101 1,097 99,290 SH   SOLE   99,290 0 0
INVESCO ADVANTAGE MUNICIPAL INCOME SHS BEN INT 46132E103 647 65,510 SH   SOLE   65,510 0 0
INVESCO CALIFORNIA VALUE MUNICIPAL INCOM COM 46132H106 631 55,851 SH   SOLE   55,851 0 0
INVESCO MUNICIPAL OPPORTUNITY TRUST COM 46132C107 660 59,044 SH   SOLE   59,044 0 0
INVESCO MUNICIPAL TRUST COM 46131J103 517 46,389 SH   SOLE   46,389 0 0
INVESCO QUALITY MUNICIPAL INCOME TRUST COM 46133G107 1,009 90,048 SH   SOLE   90,048 0 0
INVESCO SENIOR INCOME TRUST COM 46131H107 571 145,956 SH   SOLE   145,956 0 0
INVESCO TRUST FOR INVESTMENT G COM 46131M106 1,490 130,280 SH   SOLE   130,280 0 0
INVESCO VAN KAMPEN DYNAMIC CREDIT OPP COM 46132R104 4,436 431,725 SH   SOLE   431,725 0 0
IRSA INVERSIONES Y REPRESENTAC ADR GLOBAL DEP RCPT 450047204 12,474 948,979 SH   SOLE   948,979 0 0
IRSA PROPIEDADES COMERCIALES ADR SPONSORED ADR 463588103 480 25,967 SH   SOLE   25,967 0 0
ISHARES MSCI BRAZIL- US MSCI BRAZIL ETF 464286400 73,726 1,930,251 SH   SOLE   1,930,251 0 0
ISHARES MSCI CHINA ETF MSCI CHINA ETF 46429B671 8,783 166,900 SH   SOLE   166,900 0 0
ISHARES MSCI FRONTIER 100 ETF MSCI FRNTR100ETF 464286145 1,731 66,000 SH   SOLE   66,000 0 0
ISHARES MSCI KOREA MSCI STH KOR ETF 464286772 34,077 578,904 SH   SOLE   578,904 0 0
ISHARES MSCI TAIWAN MSCI TAIWAN ETF 46434G772 8,119 256,900 SH   SOLE   256,900 0 0
JAPAN SMALLER CAPITALIZATION FUND, INC COM 47109U104 14,117 1,695,681 SH   SOLE   1,695,681 0 0
JOHN HANCOCK FINANCIAL OPPORTUNITIES FUN SH BEN INT NEW 409735206 512 18,347 SH   SOLE   18,347 0 0
KKR INCOME OPPORTUNITIES FUND COM 48249T106 683 47,983 SH   SOLE   47,983 0 0
KOREA FUND COM NEW 500634209 54,340 1,941,061 SH   SOLE   1,941,061 0 0
KRANESHARES CSI CHINA INTERNET CSI CHI INTERNET 500767306 3,075 82,000 SH   SOLE   82,000 0 0
LIBERTY ALL STAR EQUITY FUND SH BEN INT 530158104 493 91,613 SH   SOLE   91,613 0 0
LIBERTY ALL-STAR GROWTH FUND COM 529900102 931 211,855 SH   SOLE   211,855 0 0
MEXICO EQUITY & INCOME FUND INC COM 592834105 26,196 2,601,349 SH   SOLE   2,601,349 0 0
MEXICO FUND COM 592835102 47,556 3,589,124 SH   SOLE   3,589,124 0 0
MFS HIGH INCOME MUNICIPAL TRUST SH BEN INT 59318D104 249 53,994 SH   SOLE   53,994 0 0
MS ASIA PACIFIC COM 61744U106 43,330 2,634,072 SH   SOLE   2,634,072 0 0
MS CHINA A SHARE COM 617468103 43,120 2,362,095 SH   SOLE   2,362,095 0 0
MS EMERGING MARKETS COM 61744G107 43,855 2,715,504 SH   SOLE   2,715,504 0 0
MS INDIA INVESTMENT COM 61745C105 60,488 3,022,888 SH   SOLE   3,022,888 0 0
NEUBERGER BERMAN MLP INCOME COM 64129H104 13,513 2,022,880 SH   SOLE   2,022,880 0 0
NEW GERMANY COM 644465106 8,005 677,510 SH   SOLE   677,510 0 0
NEW IRELAND FUND COM 645673104 420 50,900 SH   SOLE   50,900 0 0
NEXPOINT STRATEGIC OPPORTUNITI COM 65340G205 2,868 143,954 SH   SOLE   143,954 0 0
NUVEEN AMT-FREE MUNICIPAL INCOME FUND COM 670657105 7,092 575,904 SH   SOLE   575,904 0 0
NUVEEN CALIFORNIA AMT FREE QUA COM 670651108 988 77,890 SH   SOLE   77,890 0 0
NUVEEN CALIFORNIA QUALITY MUNI COM 67066Y105 1,346 105,585 SH   SOLE   105,585 0 0
NUVEEN CREDIT STRATEGIES INCOME FUND COM 67073D102 1,926 260,084 SH   SOLE   260,084 0 0
NUVEEN DIVERSIFIED DIVIDEND AND INCOME F COM 6706EP105 958 103,984 SH   SOLE   103,984 0 0
NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND COM SH BEN INT 67070X101 1,360 101,362 SH   SOLE   101,362 0 0
NUVEEN ENHANCED AMT FREE MUNICPAL CREDIT COM 67071L106 1,816 130,017 SH   SOLE   130,017 0 0
NUVEEN INTERMEDIATE DURATION MUNICIPAL T COM 670671106 2,848 229,657 SH   SOLE   229,657 0 0
NUVEEN NEW YORK AMT FREE QUALI COM 670656107 5,927 508,931 SH   SOLE   508,931 0 0
NUVEEN PENNSYLVANIA QUALITY MUNI COM 670972108 334 27,418 SH   SOLE   27,418 0 0
NUVEEN PREFERRED AND INCOME OPP COM 67073B106 769 92,100 SH   SOLE   92,100 0 0
NUVEEN PREFERRED SECURITIES COM 67072C105 6,102 736,508 SH   SOLE   736,508 0 0
NUVEEN QUALITY MUNICIPAL INCOME COM 67066V101 7,639 609,412 SH   SOLE   609,412 0 0
PAMPA ENERGIA SA-SPON ADR SPONS ADR LVL I 697660207 12,293 386,500 SH   SOLE   386,500 0 0
PIMCO DYNAMIC CREDIT INCOME COM SHS 72202D106 703 33,394 SH   SOLE   33,394 0 0
PIONEER DIVERSIFIED HIGH INCOME COM 723653101 131 10,000 SH   SOLE   10,000 0 0
PIONEER FLOATING RATE TRUST COM 72369J102 1,758 178,279 SH   SOLE   178,279 0 0
PIONEER MUNICIPAL HIGH INCOME COM SHS 723763108 3,694 337,509 SH   SOLE   337,509 0 0
PIONEER MUNICIPAL HIGH INCOME ADVANTAGE COM 723762100 2,125 208,549 SH   SOLE   208,549 0 0
PRUDENTIAL GLOBAL SHORT DURATION HIGH YI COM 69346J106 3,015 233,293 SH   SOLE   233,293 0 0
PRUDENTIAL SHORT DURATION HIGH YIELD FUN COM 69346H100 2,499 191,563 SH   SOLE   191,563 0 0
PUTNAM MANAGED MUNICIPAL INCOME TRUST COM 746823103 655 97,606 SH   SOLE   97,606 0 0
PUTNAM MUNICIPAL OPPORTUNITIES TRUST SH BEN INT 746922103 970 86,295 SH   SOLE   86,295 0 0
ROYCE VALUE TRUST COM 780910105 613 51,950 SH   SOLE   51,950 0 0
SPROTT FOCUS TRUST COM 85208J109 3,299 569,778 SH   SOLE   569,778 0 0
TAIWAN FUND COM 874036106 50,230 3,304,581 SH   SOLE   3,304,581 0 0
TEKLA HEALTHCARE INVESTORS SH BEN INT 87911J103 9,684 539,670 SH   SOLE   539,670 0 0
TEMPLETON DRAGON FUND COM 88018T101 161,592 9,505,397 SH   SOLE   9,505,397 0 0
TEMPLETON EMERGING MARKETS FD COM 880191101 15,579 1,181,549 SH   SOLE   1,181,549 0 0
THE EUROPEAN EQUITY FUND INC COM 298768102 1,020 131,663 SH   SOLE   131,663 0 0
TORTOISE MLP FUND INC COM 89148B101 4,230 345,000 SH   SOLE   345,000 0 0
VANECK VECTORS RUSSIA ETF RUSSIA ETF 92189F403 1,913 102,000 SH   SOLE   102,000 0 0
VANGUARD EMERGING MARKETS ETF FTSE EMR MKT ETF 922042858 6,616 173,500 SH   SOLE   173,500 0 0
VOYA ASIA PACIFIC HIGH DIV FUND COM 92912J102 8,003 937,690 SH   SOLE   937,690 0 0
VOYA EMERGING MARKETS HIGH INC COM 92912P108 2,181 298,542 SH   SOLE   298,542 0 0
VOYA PRIME RATE TRUST SH BEN INT 92913A100 4,799 1,062,806 SH   SOLE   1,062,806 0 0
WELLS FARGO ADVANTAGE MULTI-SECTOR INCOM COM SHS 94987D101 124 11,189 SH   SOLE   11,189 0 0
WESTERN ASSET HIGH INCOME OPPORTUNITY COM 95766K109 162 36,995 SH   SOLE   36,995 0 0
WESTERN ASSET HIGH YIELD DEFINED OPPORTU COM 95768B107 1,463 111,138 SH   SOLE   111,138 0 0
WESTERN ASSET INVESTMENT GRADE DEFINED O COM 95790A101 239 12,944 SH   SOLE   12,944 0 0