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
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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 ASIA PACIFIC INCOM COM 003009107 10,448 2,106,452 SH   SOLE   2,106,452 0 0
ABERDEEN CHILE FD INC COM 00301W105 1,236 173,599 SH   SOLE   173,599 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 1,586 156,532 SH   SOLE   156,532 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 4,889 695,382 SH   SOLE   695,382 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 7,710 406,226 SH   SOLE   406,226 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 19,954 2,415,717 SH   SOLE   2,415,717 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 8,611 413,174 SH   SOLE   413,174 0 0
ABERDEEN SINGAPORE FD INC COM 003244100 8,737 790,004 SH   SOLE   790,004 0 0
ADAM NAT RES FD INC COM 00548F105 3,160 141,514 SH   SOLE   141,514 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 11,058 791,547 SH   SOLE   791,547 0 0
ADVENT CLAY CONV SEC INC FD COM 007639107 707 110,370 SH   SOLE   110,370 0 0
ALLIANCEBERNSTEIN INCOME FUN COM 01881E101 47,543 6,390,242 SH   SOLE   6,390,242 0 0
ALLIANZGI EQUITY & CONV INCO COM 018829101 3,258 168,800 SH   SOLE   168,800 0 0
ALPINE GLOBAL DYNAMIC DIVD F COM NEW 02082E205 2,371 239,512 SH   SOLE   239,512 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 4,008 619,497 SH   SOLE   619,497 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 45,161 5,226,988 SH   SOLE   5,226,988 0 0
ASIA PAC FD INC COM 044901106 3,114 243,304 SH   SOLE   243,304 0 0
ASIA TIGERS FD INC COM 04516T105 941 85,110 SH   SOLE   85,110 0 0
BANCROFT FUND LTD COM 059695106 2,177 102,778 SH   SOLE   102,778 0 0
BLACKROCK CORE BD TR SHS BEN INT 09249E101 17,079 1,348,024 SH   SOLE   1,348,024 0 0
BLACKROCK CR ALLCTN INC TR COM 092508100 18,823 1,485,659 SH   SOLE   1,485,659 0 0
BLACKROCK ENHANCED EQT DIV T COM 09251A104 5,417 678,772 SH   SOLE   678,772 0 0
BLACKROCK ENHANCED GOVT FD I COM 09255K108 12,002 887,047 SH   SOLE   887,047 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 41,173 2,994,415 SH   SOLE   2,994,415 0 0
BLACKROCK INCOME TR INC COM 09247F100 24,026 3,801,655 SH   SOLE   3,801,655 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INTER 092524107 15,115 2,073,382 SH   SOLE   2,073,382 0 0
BLACKROCK MUNI INTER DR FD I COM 09253X102 1,278 94,000 SH   SOLE   94,000 0 0
BLACKROCK MUNICIPL INC QLTY COM 092479104 3,820 281,274 SH   SOLE   281,274 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 51,061 5,598,769 SH   SOLE   5,598,769 0 0
BLACKROCK UTIL & INFRASTRCTU COM 09248D104 3,862 212,805 SH   SOLE   212,805 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 14,796 1,858,786 SH   SOLE   1,858,786 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 6,486 310,766 SH   SOLE   310,766 0 0
CENTRAL SECS CORP COM 155123102 2,434 114,132 SH   SOLE   114,132 0 0
CHINA FD INC COM 169373107 6,970 350,774 SH   SOLE   350,774 0 0
CLOUGH GLOBAL ALLOCATION FD COM 18913Y103 2,083 141,290 SH   SOLE   141,290 0 0
CLOUGH GLOBAL EQUITY FD COM 18914C100 10,253 692,772 SH   SOLE   692,772 0 0
CLOUGH GLOBAL OPPORTUNITIES SH BEN INT 18914E106 8,672 719,676 SH   SOLE   719,676 0 0
COHEN & STEERS INFRASTRUCTUR COM 19248A109 20,251 963,429 SH   SOLE   963,429 0 0
COHEN & STEERS QUALITY RLTY COM 19247L106 837 78,300 SH   SOLE   78,300 0 0
CUTWATER SELECT INCOME FD COM 232229104 7,519 409,746 SH   SOLE   409,746 0 0
DELAWARE ENHANCED GBL DIV & COM 246060107 1,750 161,927 SH   SOLE   161,927 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 3,551 200,392 SH   SOLE   200,392 0 0
DUFF & PHELPS UTIL CORP BD T COM 26432K108 1,937 206,689 SH   SOLE   206,689 0 0
EATON VANCE MUN BD FD COM 27827X101 7,724 634,669 SH   SOLE   634,669 0 0
EATON VANCE RISK MNGD DIV EQ COM 27829G106 2,128 196,880 SH   SOLE   196,880 0 0
ELLSWORTH GROWTH & INCOME FD COM 289074106 2,439 276,219 SH   SOLE   276,219 0 0
EUROPEAN EQUITY FUND COM 298768102 10,153 1,193,012 SH   SOLE   1,193,012 0 0
FIRST TR ABERDEEN GLBL OPP F COM SHS 337319107 2,622 240,094 SH   SOLE   240,094 0 0
FIRST TR DIVIDEND INCOME FD COM 33731L100 874 103,135 SH   SOLE   103,135 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 3,730 234,755 SH   SOLE   234,755 0 0
FIRST TRUST MORTGAGE INCM FD COM SHS 33734E103 10,024 709,943 SH   SOLE   709,943 0 0
FORT DEARBORN INCOME SECS IN COM 347200107 11,021 799,205 SH   SOLE   799,205 0 0
FRANKLIN LTD DURATION INC TR COM 35472T101 3,594 308,506 SH   SOLE   308,506 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 158 14,820 SH   SOLE   14,820 0 0
GABELLI GLOBL UTIL & INCOME COM SH BEN INT 36242L105 1,451 79,855 SH   SOLE   79,855 0 0
GDL FUND COM SH BEN IT 361570104 2,363 231,919 SH   SOLE   231,919 0 0
GENERAL AMERN INVS INC COM 368802104 8,603 247,138 SH   SOLE   247,138 0 0
HANCOCK JOHN INCOME SECS TR COM 410123103 5,061 363,861 SH   SOLE   363,861 0 0
INVESCO BD FD COM 46132L107 6,484 373,101 SH   SOLE   373,101 0 0
ISHARES MSCI AUST ETF 464286103 68,178 3,241,957 SH   SOLE   3,241,957 0 0
ISHARES MSCI CDA ETF 464286509 994 37,264 SH   SOLE   37,264 0 0
ISHARES MSCI EURZONE ETF 464286608 48,854 1,301,380 SH   SOLE   1,301,380 0 0
ISHARES MSCI FRANCE ETF 464286707 17,402 676,312 SH   SOLE   676,312 0 0
ISHARES MSCI GERMANY ETF 464286806 45,525 1,632,900 SH   SOLE   1,632,900 0 0
ISHARES MSCI JAPAN ETF 464286848 137,226 10,712,432 SH   SOLE   10,712,432 0 0
ISHARES TR MSCI EAFE ETF 464287465 18,723 294,893 SH   SOLE   294,893 0 0
ISHARES TR MSCI UTD KNGDM 46434V548 24,230 1,327,660 SH   SOLE   1,327,660 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 37,952 3,517,367 SH   SOLE   3,517,367 0 0
JPMORGAN CHINA REGION FD INC COM 48126T104 4,975 264,183 SH   SOLE   264,183 0 0
KOREA EQUITY FD INC COM 50063B104 4,164 521,862 SH   SOLE   521,862 0 0
KOREA FD COM NEW 500634209 19,994 492,830 SH   SOLE   492,830 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 2,019 196,371 SH   SOLE   196,371 0 0
LAZARD GLB TTL RET&INCM FD I COM 52106W103 15,150 985,021 SH   SOLE   985,021 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 7,910 555,854 SH   SOLE   555,854 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 8,893 1,546,631 SH   SOLE   1,546,631 0 0
LIBERTY ALL-STAR GROWTH FD I COM 529900102 796 154,548 SH   SOLE   154,548 0 0
MACQUARIE GLBL INFRA TOTL RE COM 55608D101 2,046 87,678 SH   SOLE   87,678 0 0
MADISON STRTG SECTOR PREM FD COM 558268108 1,136 97,065 SH   SOLE   97,065 0 0
MEXICO EQUITY & INCOME FD COM 592834105 3,883 315,870 SH   SOLE   315,870 0 0
MFS CHARTER INCOME TR SH BEN INT 552727109 5,580 658,775 SH   SOLE   658,775 0 0
MFS MULTIMARKET INCOME TR SH BEN INT 552737108 8,259 1,360,625 SH   SOLE   1,360,625 0 0
MONTGOMERY STR INCOME SECS I COM 614115103 25,787 1,573,321 SH   SOLE   1,573,321 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 20,284 1,295,253 SH   SOLE   1,295,253 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 13,019 383,806 SH   SOLE   383,806 0 0
MORGAN STANLEY EMER MKTS DEB COM 61744H105 1,915 212,520 SH   SOLE   212,520 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 8,512 573,560 SH   SOLE   573,560 0 0
MORGAN STANLEY TRUSTS INCOME SECS INC 61745P874 16,397 952,748 SH   SOLE   952,748 0 0
NEUBERGER BERMAN RE ES SEC F COM 64190A103 3,101 654,307 SH   SOLE   654,307 0 0
NEW GERMANY FD INC COM 644465106 15,941 1,057,086 SH   SOLE   1,057,086 0 0
NEW IRELAND FUND INC COM 645673104 5,370 390,531 SH   SOLE   390,531 0 0
NUVEEN BUILD AMER BD FD COM 67074C103 1,225 63,330 SH   SOLE   63,330 0 0
NUVEEN BUILD AMER BD OPPTNY COM 67074Q102 5,934 301,522 SH   SOLE   301,522 0 0
NUVEEN GLOBAL EQUITY INCOME COM 6706EH103 2,561 205,009 SH   SOLE   205,009 0 0
NUVEEN GLOBAL HIGH INCOME FD SHS 67075G103 5,029 300,952 SH   SOLE   300,952 0 0
NUVEEN MULTI MKT INCOME FD COM 67075J107 5,458 757,287 SH   SOLE   757,287 0 0
NUVEEN MUN ADVANTAGE FD INC COM 67062H106 13,714 1,054,944 SH   SOLE   1,054,944 0 0
NUVEEN MUN MKT OPPORTUNITY F COM 67062W103 8,382 649,800 SH   SOLE   649,800 0 0
NUVEEN S&P 500 DYN OVERWRITE COM 6706EW100 1,277 93,345 SH   SOLE   93,345 0 0
NUVEEN SELECT QUALITY MUN FD COM 670973106 9,998 756,286 SH   SOLE   756,286 0 0
PUTNAM MASTER INTER INCOME T SH BEN INT 746909100 11,479 2,431,980 SH   SOLE   2,431,980 0 0
PUTNAM PREMIER INCOME TR SH BEN INT 746853100 25,140 4,929,507 SH   SOLE   4,929,507 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 403 48,470 SH   SOLE   48,470 0 0
ROYCE VALUE TR INC COM 780910105 1,343 97,396 SH   SOLE   97,396 0 0
SOURCE CAP INC COM 836144105 693 9,521 SH   SOLE   9,521 0 0
SPROTT FOCUS TR INC COM 85208J109 1,205 170,159 SH   SOLE   170,159 0 0
SWISS HELVETIA FD INC COM 870875101 42,424 3,625,953 SH   SOLE   3,625,953 0 0
TAIWAN FD INC COM 874036106 4,797 269,650 SH   SOLE   269,650 0 0
TEMPLETON DRAGON FD INC COM 88018T101 17,015 686,105 SH   SOLE   686,105 0 0
TEMPLETON EMERGING MKTS FD I COM 880191101 15,378 1,056,210 SH   SOLE   1,056,210 0 0
TEMPLETON RUS AND EAST EUR F COM 88022F105 981 97,607 SH   SOLE   97,607 0 0
THAI FD INC COM 882904105 6,362 767,449 SH   SOLE   767,449 0 0
TORTOISE ENERGY INDEPENDENC COM 89148K101 191 10,409 SH   SOLE   10,409 0 0
TRANSAMERICA INCOME SHS INC COM 893506105 18,487 929,487 SH   SOLE   929,487 0 0
TRI CONTL CORP COM 895436103 13,175 621,768 SH   SOLE   621,768 0 0
VANGUARD INTL EQUITY INDEX F FTSE EUROPE ETF 922042874 75,993 1,407,800 SH   SOLE   1,407,800 0 0
VOYA EMERGING MKTS HIGH DIVI COM 92912P108 11,659 1,183,644 SH   SOLE   1,183,644 0 0
WELLS FARGO ADV GLB DIV OPP COM 94987C103 379 54,706 SH   SOLE   54,706 0 0
WELLS FARGO ADVANTAGE MULTI COM SHS 94987D101 1,847 145,867 SH   SOLE   145,867 0 0
WESTERN ASSET CLYM INFL OPP COM 95766R104 45,344 4,052,154 SH   SOLE   4,052,154 0 0
WESTERN ASSET CLYM INFL SEC COM SH BEN INT 95766Q106 20,509 1,819,830 SH   SOLE   1,819,830 0 0
WESTERN ASSET EMRG MKT INCM COM 95766E103 4,195 390,936 SH   SOLE   390,936 0 0
WESTERN ASSET GLOBAL CP DEFI COM 95790C107 14,474 843,988 SH   SOLE   843,988 0 0
WESTERN ASSET INCOME FD COM 95766T100 12,926 984,745 SH   SOLE   984,745 0 0
ZWEIG FD COM NEW 989834205 4,525 307,795 SH   SOLE   307,795 0 0
ZWEIG TOTAL RETURN FD INC COM NEW 989837208 1,388 107,295 SH   SOLE   107,295 0 0