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      </invstOrSec>
      <invstOrSec>
        <name>Taiwan Fund Inc</name>
        <lei>549300B0OHIYIAWV0Z83</lei>
        <title>TAIWAN FUND INC</title>
        <cusip>874036106</cusip>
        <identifiers>
          <isin value="US8740361063"/>
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        <balance>22534.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1486793.32000000</valUSD>
        <pctVal>0.385378924915</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Total Return Securities Fund</name>
        <lei>549300HQZ0XPGTS5Q724</lei>
        <title>TOTAL RETURN SEC</title>
        <cusip>870875101</cusip>
        <identifiers>
          <isin value="US8708751016"/>
        </identifiers>
        <balance>31579.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>196105.59000000</valUSD>
        <pctVal>0.050830845435</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFS MUN INCOME TR</name>
        <lei>GV4WN51HRTKYT6CV5890</lei>
        <title>MFS-MUNI INC</title>
        <cusip>552738106</cusip>
        <identifiers>
          <isin value="US5527381066"/>
        </identifiers>
        <balance>48919.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>273457.21000000</valUSD>
        <pctVal>0.070880494405</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Virtus Convertible &amp; Income Fund II</name>
        <lei>549300VQWKOKLGOGUQ16</lei>
        <title>VIRTUS CONVERTIB</title>
        <cusip>92838U801</cusip>
        <identifiers>
          <isin value="US92838U8018"/>
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        <balance>196734.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2895924.48000000</valUSD>
        <pctVal>0.750627708456</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>Clough Global Dividend And Income Fund</name>
        <lei>5493001GFY6TW0CYCT15</lei>
        <title>CLOUGH-GL DV&amp;IN</title>
        <cusip>18913Y103</cusip>
        <identifiers>
          <isin value="US18913Y1038"/>
        </identifiers>
        <balance>59128.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>374280.24000000</valUSD>
        <pctVal>0.097013965941</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO Dynamic Income Strategy Fund</name>
        <lei>549300BX5QVFQJENPV35</lei>
        <title>PIMCO-DYN INC ST</title>
        <cusip>69346N107</cusip>
        <identifiers>
          <isin value="US69346N1072"/>
        </identifiers>
        <balance>577594.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>11667398.80000000</valUSD>
        <pctVal>3.024206219939</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>abrdn Life Sciences Investors</name>
        <lei>5493007BYZPSOVVS0M04</lei>
        <title>ABRDN-LIFE SCI</title>
        <cusip>87911K100</cusip>
        <identifiers>
          <isin value="US87911K1007"/>
        </identifiers>
        <balance>180925.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3012401.25000000</valUSD>
        <pctVal>0.780818651472</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>ALLIANCEBERNSTEIN NATL MUN INCOME FD INC</name>
        <lei>MNYPOOOZYY8V01GEIT28</lei>
        <title>ALLIANCE-NTL MUN</title>
        <cusip>01864U106</cusip>
        <identifiers>
          <isin value="US01864U1060"/>
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        <balance>92277.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1026120.24000000</valUSD>
        <pctVal>0.265971813032</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Clough Global Opportunities Fund</name>
        <lei>549300DTG68UBCNCPY15</lei>
        <title>CLOUGH-GL OPP</title>
        <cusip>18914E106</cusip>
        <identifiers>
          <isin value="US18914E1064"/>
        </identifiers>
        <balance>196200.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1185048.00000000</valUSD>
        <pctVal>0.307166112512</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>PIMCO CALIFORNIA MUNICIPAL INCOME FUND</name>
        <lei>M4DHYCROG6SFNO22X437</lei>
        <title>PIMCO CA MU INC</title>
        <cusip>72200N106</cusip>
        <identifiers>
          <isin value="US72200N1063"/>
        </identifiers>
        <balance>92169.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>840581.28000000</valUSD>
        <pctVal>0.217879852991</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>General American Investors Company, Inc.</name>
        <lei>254900MHIF9G7IS1T951</lei>
        <title>GEN AMER INVEST</title>
        <cusip>368802104</cusip>
        <identifiers>
          <isin value="US3688021043"/>
        </identifiers>
        <balance>207515.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>12822351.85000000</valUSD>
        <pctVal>3.323571678977</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>MFS HIGH INCOME MUN TR</name>
        <lei>0G9TCUWY2FBUXSJY2691</lei>
        <title>MFS-HI INC MUNI</title>
        <cusip>59318D104</cusip>
        <identifiers>
          <isin value="US59318D1046"/>
        </identifiers>
        <balance>128899.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>494972.16000000</valUSD>
        <pctVal>0.128297481780</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Adams Natural Resources Fund Inc</name>
        <lei>549300LPTQAH0G3NGD42</lei>
        <title>ADAMS NATURAL RE</title>
        <cusip>00548F105</cusip>
        <identifiers>
          <isin value="US00548F1057"/>
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        <balance>34706.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>908603.08000000</valUSD>
        <pctVal>0.235511199462</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>BNY Mellon Strategic Municipals Inc</name>
        <lei>549300FH0LKMOBY7N332</lei>
        <title>BNYM-STR MUNI</title>
        <cusip>05588W108</cusip>
        <identifiers>
          <isin value="US05588W1080"/>
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        <balance>808086.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5260639.86000000</valUSD>
        <pctVal>1.363565269190</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
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      <invstOrSec>
        <name>BNY MELLON MUN BD INFRASTRUCTURE FD INC</name>
        <lei>5493003OUY2BKGFZ2414</lei>
        <title>BNYM-MUN BD INFR</title>
        <cusip>09662W109</cusip>
        <identifiers>
          <isin value="US09662W1099"/>
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        <balance>402526.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4472063.86000000</valUSD>
        <pctVal>1.159165258101</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Morgan Stanley China A Share Fund Inc.</name>
        <lei>54930045HQ1UNO6FR635</lei>
        <title>MORGAN STANLEY C</title>
        <cusip>617468103</cusip>
        <identifiers>
          <isin value="US6174681030"/>
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        <balance>41762.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>762156.50000000</valUSD>
        <pctVal>0.197552039437</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>Saba Capital Income &amp; Opportunities Fund II</name>
        <lei>QU1AAXOSV5K4OVMXJP19</lei>
        <title>SABA CAPITAL INC</title>
        <cusip>880198205</cusip>
        <identifiers>
          <isin value="US8801982054"/>
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        <balance>302398.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2431279.92000000</valUSD>
        <pctVal>0.630191183357</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Gabelli Healthcare &amp; Wellness Trust</name>
        <lei>549300XULWZNLHFTG832</lei>
        <title>GABELLI-HLTH&amp;WEL</title>
        <cusip>36246K103</cusip>
        <identifiers>
          <isin value="US36246K1034"/>
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        <balance>260802.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2600195.94000000</valUSD>
        <pctVal>0.673974453912</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>High Income Securities Fund</name>
        <lei>25RM533JWPQG19PQ1G87</lei>
        <title>HIGH INCOME SECU</title>
        <cusip>42968F108</cusip>
        <identifiers>
          <isin value="US42968F1084"/>
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        <balance>178077.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1066681.23000000</valUSD>
        <pctVal>0.276485278831</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Voya Emerging Markets High Dividend Equity Fund</name>
        <lei>549300MBU0OQHUKI2Y86</lei>
        <title>VOYA-EM HI DV EQ</title>
        <cusip>92912P108</cusip>
        <identifiers>
          <isin value="US92912P1084"/>
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        <balance>154629.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>1096319.61000000</valUSD>
        <pctVal>0.284167588717</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Nuveen Dow 30 Dynamic Overwrite Fd</name>
        <lei>549300CNS4Q1ZZUGS005</lei>
        <title>NVN-D30 DYM O/W</title>
        <cusip>67075F105</cusip>
        <identifiers>
          <isin value="US67075F1057"/>
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        <balance>325377.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4978268.10000000</valUSD>
        <pctVal>1.290374110855</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      <invstOrSec>
        <name>Bexil Investment Trust</name>
        <lei>549300GQF37VFS5FKW75</lei>
        <title>BEXIL INVESTMENT</title>
        <cusip>25538A204</cusip>
        <identifiers>
          <isin value="US25538A2042"/>
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        <balance>27325.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>442938.25000000</valUSD>
        <pctVal>0.114810218940</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Neuberger Next Generation Connectivity Fund Inc.</name>
        <lei>549300GRTFKXVB9LQE61</lei>
        <title>NEUBERGER NEXT G</title>
        <cusip>64133Q108</cusip>
        <identifiers>
          <isin value="US64133Q1085"/>
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        <balance>741785.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>9999261.80000000</valUSD>
        <pctVal>2.591822757473</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
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      </invstOrSec>
      <invstOrSec>
        <name>VanEck ETF Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>VANECK GOLD MINE</title>
        <cusip>92189F106</cusip>
        <identifiers>
          <isin value="US92189F1066"/>
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        <balance>-319557.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-37017482.88000000</valUSD>
        <pctVal>-9.59498375697</pctVal>
        <payoffProfile>Short</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>Virtus Artificial Intelligence &amp; Technology Opportunities Fund</name>
        <lei>549300ZE8QERJKXOVW89</lei>
        <title>VRTS-ARTIF &amp; INT</title>
        <cusip>92838Y100</cusip>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Morgan Stan India</name>
        <lei>5LQ8NRKQLK2XRS19BS65</lei>
        <title>MS-INDIA INVEST</title>
        <cusip>61745C105</cusip>
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          <isin value="US61745C1053"/>
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        <balance>59062.00000000</balance>
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        <curCd>USD</curCd>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virtus Equity &amp; Convertible Income Fund</name>
        <lei>549300E7CGC36IOELF91</lei>
        <title>VIRTUS ALLIANZGI</title>
        <cusip>92841M101</cusip>
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        <balance>240544.00000000</balance>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Japan Smaller Capi</name>
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        <title>NOMURA-JPN S/C</title>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>ASA Gold and Precious Metals Ltd.</name>
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          <isin value="BMG3156P1032"/>
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        <balance>575128.00000000</balance>
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        <invCountry>BM</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Virtus Dividend, Interest &amp; Premium Strategy Fund</name>
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        <title>VRTS-DVD INT PRM</title>
        <cusip>92840R101</cusip>
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          <isin value="US92840R1014"/>
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        <balance>1861226.00000000</balance>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>Oxford Lane Capital Corp</name>
        <lei>549300G3KO4JNQQD7Z72</lei>
        <title>OXFORD LANE CAPI</title>
        <cusip>691543847</cusip>
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        <balance>1141782.00000000</balance>
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        <curCd>USD</curCd>
        <valUSD>9579550.98000000</valUSD>
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        <assetCat>EC</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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        <name>RiverNorth Flexible Municipal Income Fund Ii Inc</name>
        <lei>549300U301TLYWQNC025</lei>
        <title>RVRNRT-FLX MUNI2</title>
        <cusip>76883Y107</cusip>
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        <balance>155933.00000000</balance>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Gabelli Divid &amp; Income Tr</name>
        <lei>549300082N1MHBT8NI60</lei>
        <title>GABELLI DVD&amp;INC</title>
        <cusip>36242H104</cusip>
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        <balance>534152.00000000</balance>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NYLI CBRE Global Infrastructure Megatrends Term Fund</name>
        <lei>N/A</lei>
        <title>NYLI CBRE GBL IM</title>
        <cusip>56064Q107</cusip>
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        <balance>471240.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>NUVEEN PA INVT QUALITY MUN FD</name>
        <lei>5493000C1CS4Q000GF67</lei>
        <title>NVN-PA QUAL MUNI</title>
        <cusip>670972108</cusip>
        <identifiers>
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        <balance>146469.00000000</balance>
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        <curCd>USD</curCd>
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        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Highland Opportunities &amp; Income Fund</name>
        <lei>254900CMUE9FRYL2UR80</lei>
        <title>HIGHL-OPP &amp; INC</title>
        <cusip>43010E404</cusip>
        <identifiers>
          <isin value="US43010E4044"/>
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        <balance>717411.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>4462296.42000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Templeton Dragon Fund Inc.</name>
        <lei>549300L5KGV2K28LYW59</lei>
        <title>TEMP-DRAGON</title>
        <cusip>88018T101</cusip>
        <identifiers>
          <isin value="US88018T1016"/>
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        <balance>70425.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>812704.50000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>VanEck ETF Trust</name>
        <lei>549300ZLFKNTXC51ZN76</lei>
        <title>V/E JR GLD MINER</title>
        <cusip>92189F791</cusip>
        <identifiers>
          <isin value="US92189F7915"/>
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        <balance>-38792.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>-6058922.48000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>CHICAGO MERCANTILE EXCHANGE</name>
        <lei>SNZ2OJLFK8MNNCLQOF39</lei>
        <title>S&amp;P500 EMINI FUT  Mar26</title>
        <cusip>N/A</cusip>
        <identifiers>
          <ticker value="ESH6 INDEX"/>
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        <balance>-50.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>4000.00000000</valUSD>
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        <assetCat>DE</assetCat>
        <issuerCat>CORP</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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              <counterpartyName>BNP PARIBAS</counterpartyName>
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            <payOffProf>Short</payOffProf>
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                <indexName>CME Standard &amp; Poor's 500 Inde</indexName>
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      <invstOrSec>
        <name>Royce Micro-Cap Trust, Inc.</name>
        <lei>254900D3WFIV4SD8EF19</lei>
        <title>ROYCE MICRO-CAP</title>
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        <identifiers>
          <isin value="US7809151043"/>
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        <balance>535861.00000000</balance>
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        <curCd>USD</curCd>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virtus Total Return Fund Incorporation</name>
        <lei>549300KKRHI4GF7RNQ81</lei>
        <title>VRTS-TTL RTRN</title>
        <cusip>92835W107</cusip>
        <identifiers>
          <isin value="US92835W1071"/>
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        <balance>387535.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2735997.10000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
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        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>PIMCO NEW YORK MUNICIPAL INCOME FUND II</name>
        <lei>VSODSLIYXJ7C18SCFD63</lei>
        <title>PIMCO-NY MUN II</title>
        <cusip>72200Y102</cusip>
        <identifiers>
          <isin value="US72200Y1029"/>
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        <balance>55468.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>397705.56000000</valUSD>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Virtus Convertible &amp; Income Fund</name>
        <lei>549300WT3ICVH2Z06O49</lei>
        <title>VIRTUS CONVERTIB</title>
        <cusip>92838X805</cusip>
        <identifiers>
          <isin value="US92838X8056"/>
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        <balance>206024.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>3360251.44000000</valUSD>
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        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

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          <isCashCollateral>N</isCashCollateral>
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      <invstOrSec>
        <name>Chicago Board of Trade</name>
        <lei>549300EX04Q2QBFQTQ27</lei>
        <title>US 10YR NOTE (CBT)Jun26</title>
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          <ticker value="TYM6 COMDTY"/>
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        <balance>-220.00000000</balance>
        <units>NC</units>
        <curCd>USD</curCd>
        <valUSD>-128867.05000000</valUSD>
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        <assetCat>DIR</assetCat>
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        <isRestrictedSec>N</isRestrictedSec>

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      <invstOrSec>
        <name>Western Asset Inflation-Linked Opportunities &amp; Income Fund</name>
        <lei>549300Z3DNF4FJBJ4A87</lei>
        <title>WESTERN A IL OPP</title>
        <cusip>95766R104</cusip>
        <identifiers>
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        <assetCat>EC</assetCat>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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        <name>BBH SWEEP VEHICLE</name>
        <lei>N/A</lei>
        <title>BBH SWEEP VEHICLE</title>
        <cusip>N/A</cusip>
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          <other otherDesc="Internal ID" value="BBHETFMM"/>
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        <balance>40694492.95000000</balance>
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        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
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          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>Ellsworth Growth and Income Fund Ltd</name>
        <lei>549300GYFOXHCDQTI772</lei>
        <title>ELLSW-GRW &amp; INC</title>
        <cusip>289074106</cusip>
        <identifiers>
          <isin value="US2890741067"/>
        </identifiers>
        <balance>183535.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>2152865.55000000</valUSD>
        <pctVal>0.558025786090</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
      <invstOrSec>
        <name>NEW Germany Fund</name>
        <lei>549300TPS2RTTJ8O3C08</lei>
        <title>NEW GERMANY</title>
        <cusip>644465106</cusip>
        <identifiers>
          <isin value="US6444651060"/>
        </identifiers>
        <balance>426329.00000000</balance>
        <units>NS</units>
        <curCd>USD</curCd>
        <valUSD>5124474.58000000</valUSD>
        <pctVal>1.328271036621</pctVal>
        <payoffProfile>Long</payoffProfile>
        <assetCat>EC</assetCat>
        <issuerCat>RF</issuerCat>
        <invCountry>US</invCountry>

        <isRestrictedSec>N</isRestrictedSec>

        <fairValLevel>1</fairValLevel>
        <securityLending>
          <isCashCollateral>N</isCashCollateral>
          <isNonCashCollateral>N</isNonCashCollateral>
          <isLoanByFund>N</isLoanByFund>
        </securityLending>
      </invstOrSec>
    </invstOrSecs>
    <explntrNotes>
      <explntrNote note="Returns are reported without deducting sales loads and redemption fees, if any." noteItem="B.5.a"/>
    </explntrNotes>
    <signature>
      <ncom:dateSigned>2026-03-27</ncom:dateSigned>
      <ncom:nameOfApplicant>Exchange Listed Funds Trust</ncom:nameOfApplicant>
      <ncom:signature>Chris Roleke</ncom:signature>
      <ncom:signerName>Chris Roleke</ncom:signerName>
      <ncom:title>Treasurer</ncom:title>
    </signature>
  </formData>
  <documents>XXXX</documents>
</edgarSubmission>
