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

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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 98,571 15,258,739 SH   SOLE   15,258,739 0 0
ABERDEEN GLOBAL PREMIER PROPER COM 00302L108 3,885 844,470 SH   SOLE   844,470 0 0
ABERDEEN JAPAN EQUITY FUND INC COM 00306J109 6,530 786,752 SH   SOLE   786,752 0 0
ABERDEEN TOTAL DYNAMIC DIVIDEND COM SH BEN INT 00326L100 8,652 1,089,049 SH   SOLE   1,089,049 0 0
ADAMS DIVERSIFIED EQUITY FUND COM 006212104 4,034 249,248 SH   SOLE   249,248 0 0
ADAMS NATURAL RESOURCES FUND I COM 00548F105 316 32,364 SH   SOLE   32,364 0 0
ALLIANCEBERNSTEIN NATIONAL MUNI COM 01864U106 1,491 107,292 SH   SOLE   107,292 0 0
ALLIANZGI ARTIFICIAL INTELLIGENCE & TECH COM 01883M101 2,232 103,482 SH   SOLE   103,482 0 0
ALLIANZGI DIVIDEND INTEREST COM 01883A107 875 74,098 SH   SOLE   74,098 0 0
APOLLO GLOBAL MANAGEMENT INC COM CL A 03768E105 2,408 53,806 SH   SOLE   53,806 0 0
ASA GOLD AND PRECIOUS METALS LTD SHS G3156P103 3,854 180,964 SH   SOLE   180,964 0 0
BERKSHIRE HATHAWAY INC. B-SHARES CL B NEW 084670702 990 4,650 SH   SOLE   4,650 0 0
BLACKROCK CALIFORNIA MUNICIPAL COM SH BEN INT 09248E102 1,414 107,222 SH   SOLE   107,222 0 0
BLACKROCK ENHANCED EQUITY DIVIDEND TRUST COM 09251A104 697 95,313 SH   SOLE   95,313 0 0
BLACKROCK HEALTH SCIENCES TRUST II COM SHS 09260E105 645 27,007 SH   SOLE   27,007 0 0
BLACKROCK INTERNATIONAL GROWTH COM BENE INTER 092524107 1,500 284,366 SH   SOLE   284,366 0 0
BLACKROCK MUNICIPAL INCOME QUA COM 092479104 764 53,694 SH   SOLE   53,694 0 0
BLACKROCK MUNICIPAL TARGET TERM TRUST COM SHS BEN INT 09257P105 357 14,300 SH   SOLE   14,300 0 0
BLACKROCK MUNIENHANCED FUND COM 09253Y100 756 66,883 SH   SOLE   66,883 0 0
BLACKROCK MUNIHOLDINGS INVESTMENT QUALIT COM 09254P108 2,277 170,089 SH   SOLE   170,089 0 0
BLACKROCK MUNIHOLDINGS NEW YORK COM 09255C106 510 37,846 SH   SOLE   37,846 0 0
BLACKROCK MUNIHOLDINGS QUALITY FUND II I COM 09254C107 364 28,686 SH   SOLE   28,686 0 0
BLACKROCK MUNIYIELD CALIFORNIA FUND COM 09254M105 578 41,844 SH   SOLE   41,844 0 0
BLACKROCK MUNIYIELD CALIFORNIA QUALITY F COM 09254N103 739 51,545 SH   SOLE   51,545 0 0
BLACKROCK MUNIYIELD NY QUAL COM 09255E102 513 40,412 SH   SOLE   40,412 0 0
BLACKROCK MUNIYIELD PA COM 09255G107 562 40,476 SH   SOLE   40,476 0 0
BLACKROCK MUNIYIELD QUALITY FUND III COM 09254E103 3,760 279,678 SH   SOLE   279,678 0 0
BLACKROCK RESOURCES AND COMMODITIES SHS 09257A108 286 48,000 SH   SOLE   48,000 0 0
BLACKROCK SCIENCE & TECHNOLOGY TUST II SHS BEN INT 09260K101 638 24,853 SH   SOLE   24,853 0 0
BNY MELLON STRATEGIC MUNICIPAL COM 05588W108 156 18,792 SH   SOLE   18,792 0 0
BOULDER GROWTH AND INCOME FUND COM 101507101 214 21,382 SH   SOLE   21,382 0 0
BRANDYWINE GLOBAL GLOBAL INCOME COM 10537L104 8,913 773,668 SH   SOLE   773,668 0 0
BROOKFIELD REAL ASSETS INCOME SHS BEN INT 112830104 188 11,352 SH   SOLE   11,352 0 0
CALAMOS LONG/SHORT EQUITY & DYNAMIC COM 12812C106 4,483 308,076 SH   SOLE   308,076 0 0
CBRE CLARION GLOBAL REAL ESTATE INCOME F COM 12504G100 4,617 773,332 SH   SOLE   773,332 0 0
CENTRAL AND EASTERN EUROPE FUND COM 153436100 33,099 1,658,262 SH   SOLE   1,658,262 0 0
CENTRAL SECS CORP COM 155123102 1,007 34,679 SH   SOLE   34,679 0 0
CHINA FUND INC. COM 169373107 87,789 3,478,181 SH   SOLE   3,478,181 0 0
CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY COM 18469P209 2,622 298,825 SH   SOLE   298,825 0 0
COHEN & STEERS QUALITY INCOME REALTY FUN COM 19247L106 2,660 239,664 SH   SOLE   239,664 0 0
CRESUD ADR SPONSORED ADR 226406106 317 113,011 SH   SOLE   113,011 0 0
DTF TAX FREE INCOME INC COM 23334J107 517 35,910 SH   SOLE   35,910 0 0
DWS MUNICIPAL INCOME TRUST COM 233368109 1,199 108,402 SH   SOLE   108,402 0 0
EATON VANCE CALIFORNIA MUNICIPAL COM 27828A100 713 62,785 SH   SOLE   62,785 0 0
EATON VANCE LIMITED DURATION INCOME FUND COM 27828H105 245 21,624 SH   SOLE   21,624 0 0
EATON VANCE SHORT DURATION DIVERSIFIED I COM 27828V104 422 36,929 SH   SOLE   36,929 0 0
EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE COM 27828S101 538 36,164 SH   SOLE   36,164 0 0
EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE COM 27828U106 305 14,691 SH   SOLE   14,691 0 0
EATON VANCE TAX-MANAGED GLOB COM 27829F108 473 64,261 SH   SOLE   64,261 0 0
EATON VANCE TX-MANAGED GLOBAL BUY-WRITE COM 27829C105 1,239 144,773 SH   SOLE   144,773 0 0
FIRST TRUST DYNAMIC EUROPEAN EQUITY INC COM SHS 33740D107 14,172 1,408,036 SH   SOLE   1,408,036 0 0
FIRST TRUST SENIOR FLOATING RA COM SHS 33740K101 1,162 137,328 SH   SOLE   137,328 0 0
FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND COM 33731K102 2,289 190,275 SH   SOLE   190,275 0 0
GABELLI DIV & INCOME TRUST COM 36242H104 2,770 151,036 SH   SOLE   151,036 0 0
GABELLI HEALTHCARE AND WELLNESSRX TRUST SHS 36246K103 173 16,756 SH   SOLE   16,756 0 0
GENERAL AMERICAN INVESTORS COM 368802104 420 12,386 SH   SOLE   12,386 0 0
GLOBAL X FTSE ARGENTINA 20 ETF GB MSCI AR ETF 37950E259 1,162 50,000 SH   SOLE   50,000 0 0
GLOBAL X NIGERIA INDEX ETF GBL X MSCI NGR 37954Y665 843 90,000 SH   SOLE   90,000 0 0
HERZFELD CARIBBEAN BASIN FUND COM 42804T106 629 175,000 SH   SOLE   175,000 0 0
HIGHLAND GLOBAL ALLOCATION FUND COM 43010T104 148 23,950 SH   SOLE   23,950 0 0
HIGHLAND INCOME FUND HIGHLAND INCOME 43010E404 693 80,959 SH   SOLE   80,959 0 0
INDIA FUND INC COM 454089103 37,144 2,255,275 SH   SOLE   2,255,275 0 0
INVESCO ADVANTAGE MUNICIPAL INCOME SHS BEN INT 46132E103 2,257 209,246 SH   SOLE   209,246 0 0
INVESCO CALIFORNIA VALUE MUNICIPAL INCOM COM 46132H106 401 32,181 SH   SOLE   32,181 0 0
INVESCO QUALITY MUNICIPAL INCOME TRUST COM 46133G107 1,109 90,061 SH   SOLE   90,061 0 0
IPATH S&P 500 VIX S/T FU ETN IPTH SR B S&P 06746P621 4,254 170,915 SH   SOLE   170,915 0 0
IRSA INVERSIONES Y REPRESENTAC ADR GLOBAL DEP RCPT 450047204 1,335 475,141 SH   SOLE   475,141 0 0
ISHARES CORE MSCI EMERGING MARKETS ETF CORE MSCI EMKT 46434G103 2,660 50,416 SH   SOLE   50,416 0 0
ISHARES FTSE/XINHUA CHINA 25 INDEX FUND CHINA LG CAP ETF 464287184 4,731 112,790 SH   SOLE   112,790 0 0
ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN I MSCI AC ASIA ETF 464288182 2,123 27,500 SH   SOLE   27,500 0 0
ISHARES MSCI ARGENTINA AND GLO MSCI ARGENTINA 46435G276 199 10,000 SH   SOLE   10,000 0 0
ISHARES MSCI BRAZIL- US MSCI BRAZIL ETF 464286400 22,172 803,189 SH   SOLE   803,189 0 0
ISHARES MSCI CHINA ETF MSCI CHINA ETF 46429B671 13,968 188,228 SH   SOLE   188,228 0 0
ISHARES MSCI FRONTIER 100 ETF MSCI FRNTR100ETF 464286145 6,064 237,306 SH   SOLE   237,306 0 0
ISHARES MSCI KOREA MSCI STH KOR ETF 464286772 94,953 1,453,879 SH   SOLE   1,453,879 0 0
ISHARES MSCI MALAYSIA MSCI MLYETF NEW 46434G814 24,506 934,970 SH   SOLE   934,970 0 0
ISHARES MSCI PHILIPPINES INVESTABLE MARK MSCI PHILIPS ETF 46429B408 407 15,300 SH   SOLE   15,300 0 0
ISHARES MSCI TAIWAN MSCI TAIWAN ETF 46434G772 14,297 318,161 SH   SOLE   318,161 0 0
ISHARES MSCI THAILAND MSCI THAILND ETF 464286624 5,605 89,511 SH   SOLE   89,511 0 0
ISHARES S&P LATIN AMERICA LATN AMER 40 ETF 464287390 2,581 122,720 SH   SOLE   122,720 0 0
JAPAN SMALLER CAPITALIZATION FUND, INC COM 47109U104 27,789 3,201,526 SH   SOLE   3,201,526 0 0
JOHN HANCOCK INVESTORS TRUST COM 410142103 467 29,532 SH   SOLE   29,532 0 0
KKR & CO INC CL A 48251W104 3,205 93,345 SH   SOLE   93,345 0 0
KOREA FUND COM NEW 500634209 54,833 1,845,302 SH   SOLE   1,845,302 0 0
MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE COM 55608D101 191 10,900 SH   SOLE   10,900 0 0
MADISON COVERED CALL & EQUITY FUND COM 557437100 466 77,945 SH   SOLE   77,945 0 0
MEXICO FUND COM 592835102 47,527 4,639,061 SH   SOLE   4,639,061 0 0
MILLER/HOWARD HIGH DIVIDEND FUND COM SHS BEN IN 600379101 1,078 175,850 SH   SOLE   175,850 0 0
MORGAN STANLEY EMERGING MARKETS DOMESTIC COM 617477104 9,139 1,645,127 SH   SOLE   1,645,127 0 0
MS CHINA A SHARE COM 617468103 59,502 2,817,338 SH   SOLE   2,817,338 0 0
MS INDIA INVESTMENT COM 61745C105 61,818 3,571,220 SH   SOLE   3,571,220 0 0
NEUBERGER BERMAN HIGH YIELD STRATEGIES F COM 64128C106 448 40,366 SH   SOLE   40,366 0 0
NEUBERGER BERMAN MLP AND ENERGY INCOME COM 64129H104 11,168 4,682,466 SH   SOLE   4,682,466 0 0
NEW GERMANY COM 644465106 16,214 963,699 SH   SOLE   963,699 0 0
NEW IRELAND FUND COM 645673104 481 57,092 SH   SOLE   57,092 0 0
NUVEEN AMT-FREE MUNICIPAL INCOME FUND COM 670657105 11,152 777,414 SH   SOLE   777,414 0 0
NUVEEN AZ QUAL MUNI INC FD COM 67061W104 552 37,646 SH   SOLE   37,646 0 0
NUVEEN DIVERSIFIED DIVIDEND AND INCOME F COM 6706EP105 354 45,581 SH   SOLE   45,581 0 0
NUVEEN INTERMEDIATE DURATION MUNICIPAL T COM 670671106 1,102 82,439 SH   SOLE   82,439 0 0
NUVEEN MD QUAL INC FD COM 67061Q107 751 57,148 SH   SOLE   57,148 0 0
NUVEEN MUNICIPAL CREDIT INCOME COM SH BEN INT 67070X101 721 49,000 SH   SOLE   49,000 0 0
NUVEEN NEW YORK AMT FREE QUALI COM 670656107 2,289 178,068 SH   SOLE   178,068 0 0
NUVEEN PENNSYLVANIA QUALITY MUNI COM 670972108 728 54,207 SH   SOLE   54,207 0 0
NUVEEN QUALITY MUNICIPAL INCOME COM 67066V101 5,805 399,675 SH   SOLE   399,675 0 0
NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUN COM 67090H102 356 44,562 SH   SOLE   44,562 0 0
PAMPA ENERGIA SA-SPON ADR SPONS ADR LVL I 697660207 288 27,800 SH   SOLE   27,800 0 0
PGIM GLOBAL HIGH YIELD FUND COM 69346J106 4,414 331,989 SH   SOLE   331,989 0 0
PGIM HIGH YIELD BOND FUND INC COM 69346H100 2,806 202,976 SH   SOLE   202,976 0 0
PIMCO MUNICIPAL INCOME FUND III COM 72201A103 126 11,080 SH   SOLE   11,080 0 0
PIONEER MUNICIPAL HIGH INCOME COM SHS 723763108 1,542 132,750 SH   SOLE   132,750 0 0
ROYCE VALUE TRUST COM 780910105 1,537 121,535 SH   SOLE   121,535 0 0
SPROTT FOCUS TRUST COM 85208J109 4,311 725,746 SH   SOLE   725,746 0 0
SWISS HELVETIA FUND INC COM 870875101 3,973 481,896 SH   SOLE   481,896 0 0
TAIWAN FUND COM 874036106 67,849 2,925,167 SH   SOLE   2,925,167 0 0
TEKLA HEALTHCARE INVESTORS SH BEN INT 87911J103 4,988 241,973 SH   SOLE   241,973 0 0
TEKLA LIFE SCIENCES INVESTORS SH BEN INT 87911K100 231 13,100 SH   SOLE   13,100 0 0
TEMPLETON DRAGON FUND COM 88018T101 228,035 10,412,554 SH   SOLE   10,412,554 0 0
TEMPLETON EMERGING MARKETS FD COM 880191101 34,360 2,238,456 SH   SOLE   2,238,456 0 0
THE BLACKSTONE GROUP INC COM CL A 09260D107 2,511 48,121 SH   SOLE   48,121 0 0
THE CARLYLE GROUP INC COM 14316J108 2,361 95,745 SH   SOLE   95,745 0 0
TORTOISE MIDSTREAM ENERGY FUND INC COM 89148B200 3,058 210,309 SH   SOLE   210,309 0 0
VANECK VECTORS EGYPT INDEX ETF EGYPT INDX ETF 92189F775 749 30,000 SH   SOLE   30,000 0 0
VANECK VECTORS RUSSIA ETF RUSSIA ETF 92189F403 12,615 601,728 SH   SOLE   601,728 0 0
VANGUARD FTSE ALL WORLD EX-US ALLWRLD EX US 922042775 14,887 295,000 SH   SOLE   295,000 0 0
VOYA ASIA PACIFIC HIGH DIV FUND COM 92912J102 17,169 2,163,755 SH   SOLE   2,163,755 0 0
VOYA EMERGING MARKETS HIGH INC COM 92912P108 5,338 805,757 SH   SOLE   805,757 0 0
VOYA PRIME RATE TRUST SH BEN INT 92913A100 11,490 2,602,536 SH   SOLE   2,602,536 0 0
WA/CLAY US INFLATION-LINKED OPP&INC COM 95766R104 12,741 1,131,997 SH   SOLE   1,131,997 0 0
WESTERN ASSET GLOBAL CORPORATE COM 95790C107 5,667 340,862 SH   SOLE   340,862 0 0
WESTERN ASSET HIGH INCOME OPPORTUNITY COM 95766K109 12,940 2,640,881 SH   SOLE   2,640,881 0 0
WESTERN ASSET HIGH YIELD DEFINED OPPORTU COM 95768B107 5,801 412,170 SH   SOLE   412,170 0 0
WESTERN ASSET MANAGED MUNICIPALS FUND COM 95766M105 245 20,175 SH   SOLE   20,175 0 0
WESTERN ASSET MUNICIPAL DEFINED OPP COM 95768A109 1,873 92,437 SH   SOLE   92,437 0 0
WESTERN ASSET MUNICIPAL PARTNERS FUND COM 95766P108 144 10,048 SH   SOLE   10,048 0 0