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
TURKISH INVT FD INC COM 900145103 2,177 262,000 SH   SOLE   262,000 0 0
ROYCE GLOBAL VALUE TR INC COM 78081T104 4,333 492,900 SH   SOLE   492,900 0 0
ABERDEEN CHILE FD INC COM 00301W105 3,090 442,700 SH   SOLE   442,700 0 0
RMR REAL ESTATE INE FUND COM 76970B101 7,451 354,800 SH   SOLE   354,800 0 0
THAI FD INC COM 882904105 3,854 449,700 SH   SOLE   449,700 0 0
ABERDEEN GTR CHINA FD INC COM 003031101 3,429 327,500 SH   SOLE   327,500 0 0
CUSHING MLP TOTAL RETURN FD NEW COM 231631201 3,214 230,213 SH   SOLE   230,213 0 0
DIVIDEND & INE FUND NEW COM 25538A204 4,316 357,900 SH   SOLE   357,900 0 0
ABERDEEN ISRAEL FUND INC COM 00301L109 2,151 122,700 SH   SOLE   122,700 0 0
EAGLE GRWTH & INE OPPTY F COM SHS BEN INT 26958J105 3,349 197,555 SH   SOLE   197,555 0 0
GDL FUND COM SHS BEN INT 361570104 5,600 569,100 SH   SOLE   569,100 0 0
EATON VANCE NJ MUNI INE T SH BEN INT 27826V106 1,543 128,555 SH   SOLE   128,555 0 0
EATON VANCE MICH MUN BD FD COM 27828M104 556 41,384 SH   SOLE   41,384 0 0
ABERDEEN EMERGING MKTS SMALL COM 00301T102 2,994 229,624 SH   SOLE   229,624 0 0
VIRTUS TOTAL RETURN FD COM 92829A103 1,674 382,980 SH   SOLE   382,980 0 0
GABELLI GLB SML & MD CP VAL COM 36249W104 2,078 182,403 SH   SOLE   182,403 0 0
EATON VANCE N J MUN BD FD COM 27828R103 684 54,608 SH   SOLE   54,608 0 0
ABERDEEN INDONESIA FD INC COM 00305P106 1,406 195,300 SH   SOLE   195,300 0 0
CENTRAL EUR RUSS & TURK FD I COM 153436100 3,152 150,581 SH   SOLE   150,581 0 0
SOURCE CAP INC COM 836144105 5,821 154,980 SH   SOLE   154,980 0 0
ASIA PAC FD INC COM 044901106 2,172 177,600 SH   SOLE   177,600 0 0
CHINA FD INC COM 169373107 4,136 248,935 SH   SOLE   248,935 0 0
GABELLI GLOBL UTIL & INE COM SHS BEN INT 36242L105 1,145 61,657 SH   SOLE   61,657 0 0
BOULDER GROWTH & INE FD I COM 101507101 12,813 1,377,700 SH   SOLE   1,377,700 0 0
MORGAN STANLEY CHINA A SH FD COM 617468103 5,394 280,666 SH   SOLE   280,666 0 0
ADAM NAT RES FD INC COM 00548F105 6,706 345,300 SH   SOLE   345,300 0 0
ABERDEEN JAPAN EQUITY FD INC COM 00306J109 1,288 161,764 SH   SOLE   161,764 0 0
EATON VANCE PA MUNI INE T SH BEN INT 27826T101 351 29,120 SH   SOLE   29,120 0 0
CENTRAL SECS CORP COM 155123102 6,600 275,400 SH   SOLE   275,400 0 0
DEUTSCHE HIGH INE OPPORT COM 25158Y102 2,227 152,000 SH   SOLE   152,000 0 0
MEXICO EQUITY & INE FD COM 592834105 754 69,496 SH   SOLE   69,496 0 0
EAGLE CAP GROWTH FD INC COM 269451100 208 28,289 SH   SOLE   28,289 0 0
FIRST TR/ABERDEEN EMERG OPT COM 33731K102 683 44,744 SH   SOLE   44,744 0 0
ALPINE GLOBAL PREMIER PPTYS COM SBI 02083A103 4,201 734,391 SH   SOLE   734,391 0 0
TAIWAN FD INC COM 874036106 1,028 56,378 SH   SOLE   56,378 0 0
GENERAL AMERN INVS INC COM 368802104 5,744 171,400 SH   SOLE   171,400 0 0
INVESCO PA VALUE MUN INE COM 46132K109 1,724 141,696 SH   SOLE   141,696 0 0
LIBERTY ALL STAR EQUITY FD SH BEN INT 530158104 5,984 1,095,900 SH   SOLE   1,095,900 0 0
ASA GOLD AND PRECIOUS MTLS L SHS G3156P103 1,209 100,230 SH   SOLE   100,230 0 0
ADAMS DIVERSIFIED EQUITY FD COM 006212104 6,748 490,739 SH   SOLE   490,739 0 0
JAPAN SMALLER CAPTLZTN FD IN COM 47109U104 1,490 137,445 SH   SOLE   137,445 0 0
FRANKLIN UNVL TR SH BEN INT 355145103 848 121,333 SH   SOLE   121,333 0 0
MORGAN STANLEY EMER MKTS FD COM 61744G107 4,752 322,199 SH   SOLE   322,199 0 0
NEUBERGER BERMAN NY INT MUN COM 64124K102 304 24,257 SH   SOLE   24,257 0 0
TEMPLETON DRAGON FD INC COM 88018T101 3,059 162,786 SH   SOLE   162,786 0 0
NUVEEN NORTH CAROLINA QLTY M COM 67060P100 985 76,005 SH   SOLE   76,005 0 0
NUVEEN NEW JERSEY QULT MUN F COM 67069Y102 2,440 183,593 SH   SOLE   183,593 0 0
CBRE CLARION GLOBAL REAL EST COM 12504G100 3,158 422,739 SH   SOLE   422,739 0 0
NUVEEN CONNECTICUT QLTY MUN COM 67060D107 645 52,499 SH   SOLE   52,499 0 0
ROYCE MICRO-CAP TR INC COM 780915104 998 118,901 SH   SOLE   118,901 0 0
TRI CONTL CORP COM 895436103 4,350 188,130 SH   SOLE   188,130 0 0
DUFF & PHELPS GLB UTL INC FD COM 26433C105 1,795 110,394 SH   SOLE   110,394 0 0
NUVEEN MICHIGAN QLT MUN INC COM 670979103 732 54,966 SH   SOLE   54,966 0 0
ABERDEEN LATIN AMER EQTY FD COM 00306K106 450 19,127 SH   SOLE   19,127 0 0
BLACKROCK RES & COMM STRAT T SHS 09257A108 2,068 240,471 SH   SOLE   240,471 0 0
MORGAN STANLEY ASIA PAC FD I COM 61744U106 424 27,600 SH   SOLE   27,600 0 0
LEGG MASON BW GLB INC OPP FD COM 52469B100 503 39,354 SH   SOLE   39,354 0 0
ALPINE TOTAL DYNAMIC DIVID F COM SH BEN INT N 021060207 1,597 193,310 SH   SOLE   193,310 0 0
ROYCE VALUE TR INC COM 780910105 1,739 124,216 SH   SOLE   124,216 0 0
LATIN AMERN DISCOVERY FD INC COM 51828C106 107 10,161 SH   SOLE   10,161 0 0
NEUBERGER BERMAN MLP INE COM 64129H104 767 75,706 SH   SOLE   75,706 0 0
TEMPLETON GLOBAL INE FD COM 880198106 1,152 173,256 SH   SOLE   173,256 0 0
NUVEEN MARYLAND QLT MUN INC COM 67061Q107 286 22,573 SH   SOLE   22,573 0 0
ZWEIG FD COM NEW 989834205 200 18,000 SH   SOLE   18,000 0 0
NUVEEN PENNSYLVANIA QLT MUN COM 670972108 412 31,375 SH   SOLE   31,375 0 0
BLACKROCK ENERGY & RES TR COM 09250U101 228 16,600 SH   SOLE   16,600 0 0
ORBM INC COM 68555P100 352 36,910 SH   SOLE   36,910 0 0
INDIA FD INC COM 454089103 366 14,400 SH   SOLE   14,400 0 0
TEMPLETON EMERG MKTS INE COM 880192109 258 23,000 SH   SOLE   23,000 0 0
WAVE LIFE SCIENCES LTD SHS Y95308105 292 10,628 SH   SOLE   10,628 0 0
ENERGY FUELS INC COM NEW 292671708 65 29,856 SH   SOLE   29,856 0 0
BLACKROCK INTL GRWTH & INC T COM BENE INT 092524107 234 40,500 SH   SOLE   40,500 0 0
MORGAN STANLEY EM MKTS DM DE COM 617477104 149 19,700 SH   SOLE   19,700 0 0
BLACKROCK GLOBAL OPP EQTY TR COM 092501105 207 16,700 SH   SOLE   16,700 0 0
WINNEBAGO INDS INC COM 974637100 207 7,085 SH   SOLE   7,085 0 0
POWERSHARES ETF TR II PWRSHS SP500 LOW 73937B654 594 14,667 SH   SOLE   14,667 0 0
ACHILLION PHARMACEUTICALS IN COM 00448Q201 107 25,430 SH   SOLE   25,430 0 0
HAWAIIAN HOLDINGS INC COM 419879101 223 4,795 SH   SOLE   4,795 0 0
VANGUARD WORLD FDS HEALTH CAR ETF 92204A504 325 2,360 SH   SOLE   2,360 0 0
NUVEEN QUALITY MUNCP INE COM 67066V101 144 10,525 SH   SOLE   10,525 0 0
THOR INDS INC COM 885160101 226 2,350 SH   SOLE   2,350 0 0
MANPOWERGROUP INC COM 56418H100 234 2,280 SH   SOLE   2,280 0 0
LEAR CORP COM NEW 521865204 258 1,825 SH   SOLE   1,825 0 0
US BANCORP DEL COME NEW 902973304 1,883 36,566 SH   SOLE   36,566 0 0
MAXIM INTEGRATED PRODS INC COM 57772K101 235 5,233 SH   SOLE   5,233 0 0
MAGELLAN MIDSTREAM PRTNRS LP COM UNIT RP LP 559080106 277 3,597 SH   SOLE   3,597 0 0
NORTHROP GRUMMAN CORP COM 666807102 498 2,092 SH   SOLE   2,092 0 0
NIKE INC CL B 654106103 688 12,349 SH   SOLE   12,349 0 0
GENERAL DYNAMICS CORP COM 369550108 516 2,756 SH   SOLE   2,756 0 0
SOUTHWEST AIRLS CO COM 844741108 283 5,260 SH   SOLE   5,260 0 0
FORD MTR CO DEL COM PAR $0.01 345370860 291 25,000 SH   SOLE   25,000 0 0
INTEL CORP COM 458140100 1,021 28,302 SH   SOLE   28,302 0 0
LOCKHEED MARTIN CORP COM 539830109 424 1,586 SH   SOLE   1,586 0 0
ENTERPRISE PRODS PARTNERS L COM 293792107 297 10,743 SH   SOLE   10,743 0 0
3M CO COM 88579Y101 398 2,080 SH   SOLE   2,080 0 0
STARBUCKS CORP COM 855244109 278 4,765 SH   SOLE   4,765 0 0
VANGUARD INDEX FDS TOTAL STK MKT 922908769 219 1,805 SH   SOLE   1,805 0 0
ALTRIA GROUP INC COM 02209S103 360 5,042 SH   SOLE   5,042 0 0
BP PLC SPONSORED ADR 055622104 269 7,800 SH   SOLE   7,800 0 0
BERKSHIRE HATHAWAY INC DEL CL B NEW 084670702 467 2,800 SH   SOLE   2,800 0 0
MICROSOFT CORP COM 594918104 969 14,714 SH   SOLE   14,714 0 0
CHEVRON CORP NEW COM 166764100 309 2,876 SH   SOLE   2,876 0 0
PHILIP MORRIS INTL INC COM 718172109 248 2,200 SH   SOLE   2,200 0 0
GENERAL ELECTRIC CO COM 369604103 355 11,905 SH   SOLE   11,905 0 0
APPLE INC COM 037833100 1,005 6,994 SH   SOLE   6,994 0 0
WAL-MART STORES INC COM 931142103 239 3,320 SH   SOLE   3,320 0 0
AMAZON INC COM 023135106 410 463 SH   SOLE   463 0 0