Q3 2023
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Buy | TEMPLETON DRAGON FUND | $104,215,166 | -1.5% | 12,203,181 | +5.3% | 9.13% | +6.6% |
| CAF | Buy | MS CHINA A SHARE | $84,911,760 | +0.9% | 6,814,748 | +2.8% | 7.44% | +9.3% |
| TWN | Sell | TAIWAN FUND | $83,925,262 | -9.7% | 2,799,375 | -5.6% | 7.35% | -2.3% |
| AEF | Buy | ABRDN EMERGING MARKETS EQUITIES | $82,018,018 | -4.4% | 17,194,553 | +3.8% | 7.18% | +3.5% |
| MXF | Sell | MEXICO FUND | $55,834,799 | -14.3% | 3,390,091 | -12.6% | 4.89% | -7.2% |
| NML | Sell | NEUBERGER BERMAN ENERGY INFRAS & INCOME | $50,961,323 | -4.5% | 7,407,169 | -4.8% | 4.46% | +3.3% |
| KSA | Sell | ISHARES MSCI SAUDI ARABIAishares msci saudi arabia | $50,883,169 | -9.3% | 1,313,453 | -3.2% | 4.46% | -1.8% |
| AAPL | Buy | APPLE INC | $48,023,378 | -9.2% | 280,494 | +2.8% | 4.21% | -1.7% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan etf | $44,598,782 | -12.6% | 1,001,095 | -7.7% | 3.91% | -5.3% |
| NBXG | Sell | NEUBERGER BERMAN NEXT GEN | $39,194,882 | -12.1% | 3,761,505 | -8.1% | 3.43% | -4.9% |
| EMF | Sell | TEMPLETON EMERGING MARKETS FD | $37,932,643 | -7.3% | 3,353,903 | -3.0% | 3.32% | +0.3% |
| CHN | Buy | CHINA FUND INC. | $35,665,844 | -2.4% | 3,374,284 | +2.2% | 3.12% | +5.7% |
| KF | Buy | KOREA FUND | $35,448,147 | -7.1% | 1,685,599 | +2.1% | 3.10% | +0.6% |
| IIF | Sell | MS INDIA INVESTMENT | $32,075,133 | -18.7% | 1,435,129 | -21.2% | 2.81% | -11.9% |
| JOF | Sell | JAPAN SMALLER CAPITALIZATION FUND, INC | $31,620,886 | -2.4% | 4,447,382 | -1.2% | 2.77% | +5.6% |
| BIGZ | Sell | BLACKROCK INNOVATION & GROWTH TERM TRUST | $20,021,867 | -16.7% | 2,876,705 | -6.0% | 1.75% | -9.9% |
| ASA | Sell | ASA GOLD AND PRECIOUS METALS LTD | $18,951,661 | -26.4% | 1,421,730 | -17.7% | 1.66% | -20.3% |
| IAE | Buy | VOYA ASIA PACIFIC HIGH DIV FUND | $17,332,018 | +14.0% | 2,993,440 | +21.1% | 1.52% | +23.4% |
| IHD | Buy | VOYA EMERGING MARKETS HIGH INC | $15,687,176 | +12.5% | 3,181,983 | +19.3% | 1.37% | +21.8% |
| GOOGL | Buy | ALPHABET INCcap stk cl a | $15,478,775 | +17.0% | 118,285 | +7.0% | 1.36% | +26.6% |
| SDHY | Buy | PGIM SHORT DURATION HIGH YIELD | $12,805,161 | +3.1% | 883,724 | +6.1% | 1.12% | +11.7% |
| GF | Sell | NEW GERMANY | $9,703,182 | -9.8% | 1,187,660 | -0.8% | 0.85% | -2.3% |
| FTHY | Buy | FIRST TRUST HIGH YIELD OPPORTUNITY | $9,214,150 | -2.1% | 691,753 | +0.8% | 0.81% | +5.9% |
| HIE | Buy | MILLER/HOWARD HIGH DIVIDEND FUND | $8,781,650 | +3.8% | 885,247 | +6.0% | 0.77% | +12.4% |
| BGR | New | BLACKROCK GLOBAL ENERGY RES. | $7,826,290 | – | 596,971 | – | 0.68% | – |
| GHY | Sell | PGIM GLOBAL HIGH YIELD FUND | $7,825,234 | -3.7% | 725,903 | -1.9% | 0.68% | +4.3% |
| Buy | BLACKROCK ESG CAPITAL ALLOCATION TERM TR | $7,271,829 | -4.5% | 491,672 | +1.2% | 0.64% | +3.4% | |
| WDI | Sell | WESTERN ASSET DIVERSIFIED INCOME FUND | $7,054,272 | -10.0% | 532,800 | -8.5% | 0.62% | -2.5% |
| IHIT | Buy | INVESCO HIGH INCOME 2023 TARGET FUND | $6,841,530 | +68.9% | 1,004,630 | +83.9% | 0.60% | +82.6% |
| ISD | Sell | PGIM HIGH YIELD BOND FUND INC | $6,610,748 | -13.3% | 561,184 | -8.3% | 0.58% | -6.2% |
| EWZ | Sell | ISHARES MSCI BRAZIL- USmsci brazil etf | $6,538,184 | -64.4% | 213,109 | -62.4% | 0.57% | -61.5% |
| MCHI | New | ISHARES MSCI CHINA ETFmsci china etf | $5,935,838 | – | 137,118 | – | 0.52% | – |
| BMEZ | Sell | BLACKROCK HEALTH SCIENCES TERM TRUST | $5,147,353 | -20.0% | 357,207 | -8.8% | 0.45% | -13.4% |
| JFR | New | NUVEEN FLOATING RATE INCOME FUND | $4,366,094 | – | 531,802 | – | 0.38% | – |
| RA | New | BROOKFIELD REAL ASSETS INCOME | $4,355,867 | – | 355,581 | – | 0.38% | – |
| FCT | Sell | FIRST TRUST SENIOR FLOATING RATE INCOME | $4,159,500 | -15.6% | 415,950 | -16.3% | 0.36% | -8.8% |
| Sell | MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND | $4,103,987 | -20.6% | 348,386 | -7.7% | 0.36% | -14.1% | |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $4,013,405 | +4.2% | 793,163 | +3.9% | 0.35% | +12.5% |
| BSTZ | Sell | BLACKROCK SCIENCE & TECHNOLOGY TERM TRUS | $3,715,338 | -9.4% | 225,172 | -0.4% | 0.32% | -2.1% |
| IDE | Buy | VOYA INFRASTRUCTURE INDUSTRIALS AND MAT | $3,519,361 | +26.5% | 373,209 | +32.7% | 0.31% | +36.9% |
| MSFT | Sell | MICROSOFT CORP | $3,447,674 | -57.5% | 10,919 | -54.2% | 0.30% | -54.0% |
| AMZN | Buy | AMAZON.COM INC | $3,218,043 | +113.4% | 25,315 | +118.7% | 0.28% | +131.1% |
| BGT | Sell | BLACKROCK FLT RT INC | $2,912,285 | -3.1% | 241,483 | -5.9% | 0.26% | +4.9% |
| ADX | Sell | ADAMS DIVERSIFIED EQUITY FUND | $2,763,089 | -30.3% | 166,051 | -29.6% | 0.24% | -24.6% |
| HYI | Buy | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $2,616,687 | +119.6% | 227,736 | +124.1% | 0.23% | +138.5% |
| FTF | New | FRANKLIN LTD DURATION INCOME TRUST | $2,601,118 | – | 427,113 | – | 0.23% | – |
| FM | Buy | ISHARES MSCI FRONTIER 100 ETFmsci frontier | $2,345,760 | +101.5% | 90,500 | +101.1% | 0.20% | +118.1% |
| CMU | Buy | MFS HIGH YIELD MUNICIPAL TRUsh ben int | $2,219,455 | +174.6% | 709,091 | +182.0% | 0.19% | +198.5% |
| EVV | New | EATON VANCE LIMITED DURATION INCOME FUND | $2,106,817 | – | 233,055 | – | 0.18% | – |
| FMN | Buy | FEDERATED HERMES PREMIER MUNICIPAL INC | $1,732,773 | +18.7% | 180,874 | +31.7% | 0.15% | +28.8% |
| HIO | Buy | WESTERN ASSET HIGH INCOME OPPORTUNITY | $1,468,849 | +24.6% | 403,530 | +29.9% | 0.13% | +35.8% |
| NAD | Sell | NUVEEN QUALITY MUNICIPAL INCOME | $1,380,977 | -37.9% | 136,191 | -31.3% | 0.12% | -32.8% |
| MYI | Sell | BLACKROCK MUNIYIELD QUALITY FUND III | $1,300,691 | -22.9% | 136,198 | -11.7% | 0.11% | -16.2% |
| THQ | Buy | TEKLA HEALTHCARE OPPORTUNITIES | $1,181,740 | +11.5% | 69,596 | +25.2% | 0.10% | +19.8% |
| GAM | Buy | GENERAL AMERICAN INVESTORS | $1,170,351 | +93.5% | 28,448 | +96.2% | 0.10% | +108.2% |
| NEA | Sell | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $1,113,026 | -60.6% | 114,982 | -55.5% | 0.10% | -57.6% |
| FSD | Buy | FIRST TRUST HIGH INCOME LONG/SHORT FUND | $1,093,869 | +9.5% | 102,040 | +17.0% | 0.10% | +18.5% |
| MUI | Sell | BLACKROCK MUNI INTERMEDIATE DURATION FUN | $1,051,276 | -20.6% | 103,574 | -10.5% | 0.09% | -14.0% |
| DSU | Sell | BLACKROCK DEBT STRATEGIES FUND INC | $914,410 | -66.9% | 89,037 | -68.5% | 0.08% | -64.3% |
| VEU | Sell | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $918,099 | -81.0% | 17,700 | -80.0% | 0.08% | -79.5% |
| GDV | New | GABELLI DIV & INCOME TRUST | $861,231 | – | 44,302 | – | 0.08% | – |
| INDA | New | ISHARES MSCI INDIA ETFmsci india etf | $823,351 | – | 18,611 | – | 0.07% | – |
| Buy | NUVEEN MULTI-ASSET INCOME FUND | $782,292 | +20.6% | 70,350 | +26.4% | 0.07% | +32.7% | |
| CXE | New | MFS HIGH INCOME MUNICIPAL TRUSTsh ben int | $738,055 | – | 236,556 | – | 0.06% | – |
| BGY | Buy | BLACKROCK ENHANCED INTERNATIONAL | $619,758 | +4.2% | 124,200 | +13.7% | 0.05% | +12.5% |
| Sell | COHEN & STEERS REAL ESTATE OPP | $617,134 | -33.2% | 47,290 | -29.5% | 0.05% | -28.0% | |
| IRS | Sell | IRSA INVERSIONES Y REPRESENTAC ADRglobal dep rcpt | $469,843 | -37.5% | 80,178 | -13.6% | 0.04% | -32.8% |
| CET | Buy | CENTRAL SECS CORP | $407,675 | +12.2% | 11,500 | +15.6% | 0.04% | +24.1% |
| HQH | Buy | TEKLA HEALTHCARE INVESTORSsh ben int | $344,277 | +3.6% | 22,140 | +13.5% | 0.03% | +11.1% |
| NDP | New | TORTOISE ENERGY INDEPENDENCE FUND | $249,686 | – | 7,884 | – | 0.02% | – |
| Sell | THORNBURG INCOME BUILDER TRUST | $191,581 | -21.0% | 13,122 | -17.6% | 0.02% | -15.0% | |
| BCX | Sell | BLACKROCK RESOURCES AND COMMODITIES | $119,656 | -98.1% | 12,992 | -98.1% | 0.01% | -98.0% |
| GRX | Exit | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $0 | – | -11,571 | – | -0.01% | – |
| FDEU | Exit | FIRST TRUST DYNAMIC EUROPE EQUITY INC | $0 | – | -11,500 | – | -0.01% | – |
| AIO | Exit | VIRTUS ARTIFICIAL INTELLIGENCE & TECH | $0 | – | -11,100 | – | -0.02% | – |
| NHS | Exit | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $0 | – | -45,182 | – | -0.03% | – |
| PEO | Exit | ADAMS NATURAL RESOURCES FUND I | $0 | – | -16,700 | – | -0.03% | – |
| AFB | Exit | ALLIANCEBERNSTEIN NATIONAL MUNI | $0 | – | -34,202 | – | -0.03% | – |
| IGR | Exit | CBRE CLARION GLOBAL REAL ESTATE INCOME F | $0 | – | -115,238 | – | -0.05% | – |
| NAC | Exit | NUVEEN CALIFORNIA QUALITY MUNI | $0 | – | -65,000 | – | -0.06% | – |
| Exit | PIMCO ACCESS INCOME FUND | $0 | – | -75,426 | – | -0.09% | – | |
| EIDO | Exit | ISHARES MSCI INDONESIA INVESTABLE MARKETmsci indonia etf | $0 | – | -62,994 | – | -0.12% | – |
| FRA | Exit | BLACKROCK FLOATING RATE INCOME STRATEGY | $0 | – | -224,000 | – | -0.22% | – |
| EWY | Exit | ISHARES MSCI KOREAmsci sth kor etf | $0 | – | -47,800 | – | -0.24% | – |
| GER | Exit | GOLDMAN SACHS MLP ENERGY AND RENAISSANCE | $0 | – | -222,665 | – | -0.28% | – |
| JRO | Exit | NUVEEN FLOATING RATE INCOME OPPORTUNITY | $0 | – | -503,188 | – | -0.32% | – |
| IEMG | Exit | ISHARES CORE MSCI EMERGING MARKETS ETFcore msci emkt | $0 | – | -150,652 | – | -0.60% | – |
Q2 2023
Q4 2022
Q3 2022
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $93,111,000 | -35.0% | 10,022,694 | -0.5% | 8.11% | -21.0% |
| CAF | Buy | MS CHINA A SHARE | $90,384,000 | -17.5% | 6,611,849 | +2.2% | 7.87% | +0.3% |
| IIF | Sell | MS INDIA INVESTMENT | $79,168,000 | -1.4% | 3,399,936 | -5.4% | 6.89% | +19.8% |
| AEF | Buy | ABRDN EMERGING MARKETS EQUITIES | $73,270,000 | -16.7% | 16,067,969 | +1.2% | 6.38% | +1.1% |
| EWZ | Sell | ISHARES MSCI BRAZIL- USmsci brazil etf | $68,686,000 | -31.5% | 2,319,290 | -36.6% | 5.98% | -16.7% |
| MXF | Sell | MEXICO FUND | $63,525,000 | -14.3% | 4,879,017 | -4.9% | 5.53% | +4.2% |
| TWN | Buy | TAIWAN FUND | $62,007,000 | -13.0% | 2,963,314 | +4.7% | 5.40% | +5.7% |
| NML | Buy | NEUBERGER BERMAN MLP AND ENERGY INCOME | $51,920,000 | +12.1% | 8,490,614 | +9.9% | 4.52% | +36.3% |
| CHN | Buy | CHINA FUND INC. | $40,846,000 | -23.1% | 3,504,582 | +3.1% | 3.56% | -6.5% |
| NBXG | Sell | NEUBERGER BERMAN NEXT GEN | $40,034,000 | -6.7% | 4,249,915 | -1.9% | 3.49% | +13.3% |
| AAPL | Buy | APPLE INC | $39,371,000 | +17.1% | 285,125 | +16.0% | 3.43% | +42.3% |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $34,523,000 | -11.4% | 3,333,897 | +2.6% | 3.01% | +7.7% |
| KF | Sell | KOREA FUND | $30,786,000 | -23.1% | 1,607,199 | -2.2% | 2.68% | -6.6% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $26,937,000 | -5.5% | 4,612,581 | +2.5% | 2.34% | +14.8% |
| KSA | Sell | ISHARES MSCI SAUDI ARABIAishares msci saudi arabia | $22,849,000 | -26.8% | 557,219 | -26.1% | 1.99% | -11.1% |
| ASA | Buy | ASA GOLD AND PRECIOUS METALS LTD | $22,439,000 | +7.8% | 1,793,725 | +26.2% | 1.95% | +31.0% |
| EZA | Sell | I-SHARES MSCI SOUTH AFRICAmsci sth afr etf | $18,695,000 | -49.5% | 518,285 | -40.5% | 1.63% | -38.6% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan etf | $14,392,000 | -52.3% | 334,181 | -44.1% | 1.25% | -42.1% |
| BIGZ | Sell | BLACKROCK INNOVATION & GROWTH | $13,667,000 | -25.9% | 1,885,050 | -19.1% | 1.19% | -10.0% |
| BCX | New | BLACKROCK RESOURCES AND COMMODITIES | $12,753,000 | – | 1,476,892 | – | 1.11% | – |
| FDEU | Sell | FIRST TRUST DYNAMIC EUROPE EQUITY INC | $11,872,000 | -37.2% | 1,243,183 | -26.6% | 1.03% | -23.7% |
| SDHY | Buy | PGIM SHORT DURATION HIGH YIELD | $10,749,000 | +138.1% | 751,403 | +146.9% | 0.94% | +189.8% |
| BGB | Buy | BLACKSTON/GSO STRATEGIC CREDIT FUND | $10,489,000 | +93.3% | 988,575 | +103.7% | 0.91% | +134.7% |
| GF | Buy | NEW GERMANY | $9,899,000 | -11.7% | 1,426,303 | +7.4% | 0.86% | +7.3% |
| GOOGL | Buy | ALPHABET INCcap stk cl a | $9,290,000 | -17.3% | 97,095 | +1784.2% | 0.81% | +0.5% |
| HIE | Buy | MILLER/HOWARD HIGH DIVIDEND FUND | $8,175,000 | -1.1% | 906,367 | +2.0% | 0.71% | +20.3% |
| GHY | Buy | PGIM GLOBAL HIGH YIELD FUND | $7,424,000 | +66.4% | 702,676 | +79.7% | 0.65% | +101.9% |
| FXI | Sell | ISHARES FTSE/XINHUA CHINA 25 INDEX FUNDchina lg cap etf | $7,043,000 | -82.1% | 272,395 | -76.6% | 0.61% | -78.3% |
| WDI | Buy | WESTERN ASSET DIVERSIFIED INCOME FUND | $7,033,000 | +102.9% | 559,500 | +123.7% | 0.61% | +146.8% |
| ISD | Buy | PGIM HIGH YIELD BOND FUND INC | $6,597,000 | +82.3% | 573,193 | +94.3% | 0.57% | +121.6% |
| MSFT | Buy | MICROSOFT CORP | $6,222,000 | +82.7% | 26,726 | +101.5% | 0.54% | +122.1% |
| BMEZ | Buy | BLACKROCK HEALTH SCIENCES TRUST II | $5,890,000 | +6.3% | 395,188 | +16.9% | 0.51% | +29.2% |
| WIW | Sell | WA/CLAY US INFLATION-LINKED OPP&INC | $5,233,000 | -29.6% | 580,194 | -18.1% | 0.46% | -14.4% |
| FTHY | Buy | FIRST TRUST HIGH YIELD OPPORTUNITY | $5,107,000 | +175.0% | 378,446 | +196.9% | 0.44% | +234.6% |
| IHD | Buy | VOYA EMERGING MARKETS HIGH INC | $4,895,000 | -10.2% | 993,959 | +5.1% | 0.43% | +9.0% |
| JEQ | Sell | ABRDN JAPAN EQUITY FUND INC | $4,709,000 | -30.2% | 935,309 | -22.6% | 0.41% | -15.1% |
| MCHI | Sell | ISHARES MSCI CHINA ETFmsci china etf | $4,409,000 | -60.4% | 103,627 | -48.1% | 0.38% | -51.9% |
| IAE | Buy | VOYA ASIA PACIFIC HIGH DIV FUND | $4,291,000 | +1.6% | 716,998 | +18.5% | 0.37% | +23.4% |
| Sell | SABA CAPITAL INCOME AND OPPORTUNITIESshares | $4,283,000 | -9.7% | 544,162 | -8.0% | 0.37% | +9.7% | |
| Buy | MAINSTAY CBRE GLOBAL INFRASTRUCTURE FUND | $4,194,000 | +302.5% | 339,706 | +420.1% | 0.36% | +386.7% | |
| SWZ | Sell | SWISS HELVETIA FUND INC | $3,943,000 | -29.6% | 582,352 | -18.2% | 0.34% | -14.5% |
| ADX | Buy | ADAMS DIVERSIFIED EQUITY FUND | $3,700,000 | +16.2% | 254,183 | +22.0% | 0.32% | +41.2% |
| JQC | New | NUVEEN CREDIT STRATEGIES INCOME FUND | $3,486,000 | – | 685,618 | – | 0.30% | – |
| FAX | New | ABRDN ASIA PACIFIC INCOME FUND | $3,422,000 | – | 1,366,121 | – | 0.30% | – |
| DSU | New | BLACKROCK DEBT STRATEGIES FUND INC | $3,412,000 | – | 384,839 | – | 0.30% | – |
| VVR | New | INVESCO SENIOR INCOME TRUST | $3,389,000 | – | 914,621 | – | 0.30% | – |
| DLY | New | DOUBLELINE YIELD OPPORTUNITIES | $3,356,000 | – | 250,154 | – | 0.29% | – |
| BSTZ | Buy | BLACKROCK SCIENCE & TECHNOLOGY TUST II | $3,180,000 | +16.7% | 180,470 | +29.4% | 0.28% | +42.1% |
| IHIT | Buy | INVESCO HIGH INCOME 2023 TARGET FUND | $3,116,000 | +3.6% | 385,195 | +9.7% | 0.27% | +25.5% |
| NAD | Buy | NUVEEN QUALITY MUNICIPAL INCOME | $2,892,000 | +0.5% | 263,104 | +14.1% | 0.25% | +22.3% |
| NPCT | Sell | NUVEEN CORE PLUS IMPACT FUND | $2,770,000 | -40.9% | 271,134 | -32.3% | 0.24% | -28.3% |
| FINS | Sell | ANGEL OAK FINANCIAL STRATEGIES | $2,295,000 | -57.0% | 171,325 | -53.2% | 0.20% | -47.6% |
| FM | New | ISHARES MSCI FRONTIER 100 ETFmsci frontier | $2,217,000 | – | 91,000 | – | 0.19% | – |
| MXE | Sell | MEXICO EQUITY & INCOME FUND INC | $2,068,000 | -25.9% | 275,398 | -20.9% | 0.18% | -10.0% |
| MUI | Buy | BLACKROCK MUNI INTERMEDIATE DURATION FUN | $1,934,000 | +2.7% | 179,029 | +13.3% | 0.17% | +24.4% |
| NZF | Sell | NUVEEN MUNICIPAL CREDIT INCOME | $1,884,000 | -14.2% | 165,884 | -4.8% | 0.16% | +4.5% |
| FSD | New | FIRST TRUST HIGH INCOME LONG/SHORT FUND | $1,851,000 | – | 170,842 | – | 0.16% | – |
| BGT | New | BLACKROCK FLT RT INC | $1,741,000 | – | 161,284 | – | 0.15% | – |
| JRO | New | NUVEEN FLOATING RATE INCOME OPPORTUNITY | $1,721,000 | – | 213,805 | – | 0.15% | – |
| HYT | New | BLACKROCK CORPORATE HIGH YIELD FUND | $1,705,000 | – | 200,000 | – | 0.15% | – |
| New | PIMCO ACCESS INCOME FUND | $1,687,000 | – | 106,530 | – | 0.15% | – | |
| VEU | Sell | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $1,663,000 | -73.9% | 37,500 | -70.6% | 0.14% | -68.2% |
| KTF | Buy | DWS MUNICIPAL INCOME TRUST | $1,532,000 | -0.9% | 184,863 | +12.1% | 0.13% | +19.8% |
| BFZ | Buy | BLACKROCK CALIFORNIA MUNICIPAL | $1,310,000 | +14.2% | 127,457 | +26.0% | 0.11% | +39.0% |
| JPI | Sell | NUVEEN PREFERRED & INCOME TERM FUND | $1,147,000 | -52.5% | 62,340 | -50.4% | 0.10% | -42.2% |
| AFT | New | APOLLO SENIOR FLOATING RATE FUND INC | $1,115,000 | – | 89,168 | – | 0.10% | – |
| NID | Sell | NUVEEN INTERMEDIATE DURATION MUNICIPAL T | $1,040,000 | -25.3% | 84,335 | -21.4% | 0.09% | -9.0% |
| HYI | New | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $982,000 | – | 87,156 | – | 0.08% | – |
| HIO | New | WESTERN ASSET HIGH INCOME OPPORTUNITY | $944,000 | – | 256,173 | – | 0.08% | – |
| AIF | New | APOLLO TACTICAL INCOME FUND INC. | $844,000 | – | 71,593 | – | 0.07% | – |
| RMT | Sell | ROYCE MICRO-CAP TRUST | $818,000 | -17.0% | 103,048 | -12.5% | 0.07% | 0.0% |
| IRS | Sell | IRSA INVERSIONES Y REPRESENTAC ADRglobal dep rcpt | $809,000 | -35.6% | 199,621 | -42.8% | 0.07% | -22.2% |
| IQI | Buy | INVESCO QUALITY MUNICIPAL INCOME TRUST | $774,000 | +68.3% | 85,000 | +88.9% | 0.07% | +103.0% |
| NRK | Buy | NUVEEN NEW YORK AMT FREE QUALI | $771,000 | +15.8% | 78,377 | +29.8% | 0.07% | +39.6% |
| CEE | Sell | CENTRAL AND EASTERN EUROPE FUND | $748,000 | -76.0% | 114,610 | -62.7% | 0.06% | -71.0% |
| EVM | Buy | EATON VANCE CALIFORNIA MUNICIPAL | $699,000 | +11.5% | 82,281 | +21.7% | 0.06% | +35.6% |
| BGY | Buy | BLACKROCK ENHANCED INTERNATIONAL | $701,000 | +50.8% | 157,340 | +70.4% | 0.06% | +84.8% |
| MAV | Buy | PIONEER MUNICIPAL HIGH INCOME ADVANTAGE | $654,000 | +6.3% | 86,558 | +22.7% | 0.06% | +29.5% |
| EWY | Sell | ISHARES MSCI KOREAmsci sth kor etf | $594,000 | -29.3% | 12,538 | -13.1% | 0.05% | -13.3% |
| BGH | New | BARINGS GLOBAL SHORT DURATION | $568,000 | – | 46,579 | – | 0.05% | – |
| MYD | Buy | BLACKROCK MUNIYIELD FUND INC | $538,000 | +14.5% | 54,274 | +28.4% | 0.05% | +38.2% |
| BGR | New | BLACKROCK GLOBAL ENERGY RES. | $392,000 | – | 36,501 | – | 0.03% | – |
| NTG | New | TORTOISE MIDSTREAM ENERGY FUND INC | $300,000 | – | 9,281 | – | 0.03% | – |
| PEO | New | ADAMS NATURAL RESOURCES FUND I | $249,000 | – | 12,800 | – | 0.02% | – |
| AIO | Sell | VIRTUS ARTIFICIAL INTELLIGENCE & TECH | $212,000 | -47.7% | 13,600 | -45.6% | 0.02% | -37.9% |
| GRX | Sell | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $103,000 | -60.5% | 10,789 | -55.6% | 0.01% | -52.6% |
| New | BLACKROCK CORPORATE HIGH YIELD RIGHTSright 10/13/2022 | $0 | – | 200,000 | – | 0.00% | – | |
| CUBA | Exit | HERZFELD CARIBBEAN BASIN FUND | $0 | – | -18,560 | – | -0.01% | – |
| MUE | Exit | BLACKROCK MUNIHOLDINGS QUALITY FUND II I | $0 | – | -13,111 | – | -0.01% | – |
| GDV | Exit | GABELLI DIV & INCOME TRUST | $0 | – | -9,794 | – | -0.01% | – |
| AGT | Exit | ISHARES MSCI ARGENTINA AND GLOmsci argentina | $0 | – | -10,000 | – | -0.02% | – |
| MGU | Exit | MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE | $0 | – | -11,600 | – | -0.02% | – |
| NUV | Exit | NUVEEN MUNICIPAL VALUE FUND | $0 | – | -45,569 | – | -0.03% | – |
| EVN | Exit | EATON VANCE MUNICIPAL INCOME TRUST | $0 | – | -40,000 | – | -0.03% | – |
| BDJ | Exit | BLACKROCK ENHANCED EQUITY DIVIDEND TRUST | $0 | – | -51,487 | – | -0.03% | – |
| BYM | Exit | BLACKROCK MUNICIPAL INCOME QUA | $0 | – | -43,780 | – | -0.04% | – |
| SMM | Exit | SALIENT MIDSTREAM & MLP FUNDsh ben int | $0 | – | -475,165 | – | -0.26% | – |
| PDO | Exit | PIMCO DYNAMIC INCOME OPPORTUNITY FUND | $0 | – | -310,859 | – | -0.31% | – |
| VEA | Exit | VANGUARD FTSE DEVELOPED MARKETftse dev mkt etf | $0 | – | -142,355 | – | -0.42% | – |
| AMZN | Exit | AMAZON.COM INC | $0 | – | -70,560 | – | -0.54% | – |
| IEMG | Exit | ISHARES CORE MSCI EMERGING MARKETS ETFcore msci emkt | $0 | – | -187,581 | – | -0.66% | – |
| ILF | Exit | ISHARES S&P LATIN AMERICA464287390 | $0 | – | -675,652 | – | -1.09% | – |
Q2 2022
Q4 2021
Q3 2021
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $177,807,000 | -25.2% | 9,889,179 | -1.3% | 10.63% | -14.4% |
| AEF | Buy | ABERDEEN EMERGING MARKETS EQUI | $130,724,000 | -6.7% | 15,730,984 | +1.5% | 7.82% | +6.9% |
| CAF | Buy | MS CHINA A SHARE | $117,529,000 | +9.4% | 5,607,285 | +19.4% | 7.03% | +25.2% |
| MCHI | Buy | ISHARES MSCI CHINA ETFmsci china etf | $113,470,000 | -4.4% | 1,680,042 | +16.7% | 6.79% | +9.5% |
| IIF | Sell | MS INDIA INVESTMENT | $107,871,000 | +11.8% | 3,901,307 | -0.3% | 6.45% | +28.0% |
| TWN | Sell | TAIWAN FUND | $100,245,000 | +0.3% | 2,853,532 | -0.1% | 6.00% | +14.8% |
| CHN | Buy | CHINA FUND INC. | $92,255,000 | -15.2% | 3,632,799 | +2.0% | 5.52% | -2.9% |
| FXI | Sell | ISHARES FTSE/XINHUA CHINA 25 INDEX FUNDchina lg cap etf | $75,679,000 | -23.9% | 1,942,737 | -9.5% | 4.53% | -12.8% |
| KF | Sell | KOREA FUND | $75,384,000 | -12.8% | 1,843,805 | -1.0% | 4.51% | -0.2% |
| MXF | Buy | MEXICO FUND | $74,793,000 | +1.8% | 5,016,287 | +4.1% | 4.47% | +16.6% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan etf | $47,770,000 | -8.5% | 770,051 | -5.6% | 2.86% | +4.8% |
| CEE | Sell | CENTRAL AND EASTERN EUROPE FUND | $47,067,000 | +2.2% | 1,632,573 | -0.2% | 2.82% | +17.0% |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $40,749,000 | -11.3% | 2,404,764 | +3.7% | 2.44% | +1.6% |
| EWY | Buy | ISHARES MSCI KOREAmsci sth kor etf | $32,246,000 | -13.4% | 400,025 | +0.1% | 1.93% | -0.9% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $31,102,000 | +2.2% | 3,438,544 | +2.0% | 1.86% | +17.1% |
| NML | Buy | NEUBERGER BERMAN MLP AND ENERGY INCOME | $30,709,000 | +6.5% | 6,203,756 | +7.3% | 1.84% | +22.0% |
| EZA | Sell | I-SHARES MSCI SOUTH AFRICAmsci sth afr etf | $28,021,000 | -40.6% | 596,134 | -38.3% | 1.68% | -31.9% |
| IFN | Sell | INDIA FUND INC | $25,765,000 | -38.5% | 1,114,628 | -41.6% | 1.54% | -29.6% |
| FDEU | Sell | FIRST TRUST DYNAMIC EUROPE EQUITY INC | $22,327,000 | -6.0% | 1,736,807 | -1.9% | 1.34% | +7.6% |
| IEMG | Buy | ISHARES CORE MSCI EMERGING MARKETS ETFcore msci emkt | $19,822,000 | +5143.9% | 320,970 | +5593.0% | 1.18% | +5825.0% |
| IXC | New | ISHARES GLOBAL ENERGY ETFglobal energ etf | $18,188,000 | – | 678,157 | – | 1.09% | – |
| GF | Buy | NEW GERMANY | $18,085,000 | +4.3% | 917,068 | +7.1% | 1.08% | +19.6% |
| ASA | Buy | ASA GOLD AND PRECIOUS METALS LTD | $17,102,000 | +172.8% | 906,573 | +211.5% | 1.02% | +212.8% |
| EWM | Sell | ISHARES MSCI MALAYSIAmsci mly etf new | $11,567,000 | -27.9% | 456,103 | -27.4% | 0.69% | -17.4% |
| BRW | Sell | SABA CAPITAL INCOME AND OPPORTUNITIESshares | $11,134,000 | -45.3% | 2,444,239 | -43.5% | 0.67% | -37.3% |
| WIW | Sell | WA/CLAY US INFLATION-LINKED OPP&INC | $10,472,000 | -0.9% | 788,283 | -1.9% | 0.63% | +13.4% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $10,189,000 | +12.2% | 1,046,052 | +1.4% | 0.61% | +28.5% |
| ASHR | New | XTRACKERS HARVEST CSI 300 CHINA A SHARESxtrack hrvst csi | $7,015,000 | – | 184,300 | – | 0.42% | – |
| BWG | Sell | BRANDYWINE GLOBAL GLOBAL INCOME | $6,682,000 | -1.3% | 531,550 | -1.0% | 0.40% | +13.0% |
| VVR | New | INVESCO SENIOR INCOME TRUST | $6,050,000 | – | 1,361,073 | – | 0.36% | – |
| ADX | Sell | ADAMS DIVERSIFIED EQUITY FUND | $5,222,000 | -6.3% | 263,939 | -6.4% | 0.31% | +7.2% |
| PSTH | New | PERSHING SQUARE TONTINE HOLDINGS | $5,194,000 | – | 263,586 | – | 0.31% | – |
| HIE | Buy | MILLER/HOWARD HIGH DIVIDEND FUND | $4,805,000 | +6.0% | 490,037 | +13.3% | 0.29% | +21.1% |
| ASG | Buy | LIBERTY ALL-STAR GROWTH FUND | $4,748,000 | +195.5% | 549,834 | +204.4% | 0.28% | +238.1% |
| IGR | Sell | CBRE CLARION GLOBAL REAL ESTATE INCOME F | $4,743,000 | -62.2% | 566,946 | -60.1% | 0.28% | -56.6% |
| BST | Buy | BLACKROCK SCIENCE AND TECHNOLOGY | $4,483,000 | +438.8% | 85,947 | +514.3% | 0.27% | +523.3% |
| VEA | New | VANGUARD FTSE DEVELOPED MARKETftse dev mkt etf | $4,039,000 | – | 80,000 | – | 0.24% | – |
| FINS | New | ANGEL OAK FINANCIAL STRATEGIES | $3,995,000 | – | 234,697 | – | 0.24% | – |
| FUND | Sell | SPROTT FOCUS TRUST | $3,769,000 | -6.5% | 455,991 | -3.8% | 0.22% | +6.6% |
| MYI | Buy | BLACKROCK MUNIYIELD QUALITY FUND III | $3,684,000 | +5.6% | 250,206 | +6.7% | 0.22% | +20.9% |
| NAD | Sell | NUVEEN QUALITY MUNICIPAL INCOME | $3,602,000 | -5.0% | 230,549 | -2.6% | 0.22% | +8.6% |
| NEA | Sell | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $3,157,000 | -41.5% | 207,935 | -39.6% | 0.19% | -33.0% |
| GDO | Sell | WESTERN ASSET GLOBAL CORPORATE | $3,037,000 | -9.6% | 166,243 | -8.4% | 0.18% | +4.0% |
| IAE | Sell | VOYA ASIA PACIFIC HIGH DIV FUND | $2,719,000 | -53.6% | 316,398 | -47.6% | 0.16% | -46.7% |
| BMEZ | Sell | BLACKROCK HEALTH SCIENCES TRUST II | $2,722,000 | -24.2% | 100,933 | -18.8% | 0.16% | -12.8% |
| SDHY | New | PGIM SHORT DURATION HIGH YIELD | $2,708,000 | – | 144,370 | – | 0.16% | – |
| MGU | Sell | MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE | $2,516,000 | -1.9% | 107,788 | -2.9% | 0.15% | +11.9% |
| BTT | Buy | BLACKROCK MUNICIPAL TARGET TERM TRUST | $2,369,000 | +43.6% | 92,521 | +47.0% | 0.14% | +65.1% |
| JGH | Buy | NUVEEN GLOBAL HIGH INCOME FUND | $2,120,000 | +418.3% | 131,842 | +423.9% | 0.13% | +504.8% |
| VWO | Sell | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $2,017,000 | -48.2% | 40,311 | -43.9% | 0.12% | -40.7% |
| MFL | Buy | BLACKROCK MUNIHOLDINGS INVESTMENT QUALIT | $1,818,000 | +3.6% | 124,982 | +5.4% | 0.11% | +18.5% |
| BGB | New | BLACKSTON/GSO STRATEGIC CREDIT FUND | $1,679,000 | – | 121,129 | – | 0.10% | – |
| GIM | Sell | TEMPLETON GLOBAL INCOME FUND | $1,544,000 | -80.7% | 286,680 | -79.9% | 0.09% | -77.9% |
| BFZ | Buy | BLACKROCK CALIFORNIA MUNICIPAL | $1,489,000 | +39.7% | 101,157 | +42.1% | 0.09% | +58.9% |
| USA | New | LIBERTY ALL STAR EQUITY FUNDsh ben int | $1,477,000 | – | 172,078 | – | 0.09% | – |
| ADRE | Sell | BLDRS EMERGING MARKETS 50 ADRemgring mkts50 | $1,446,000 | -17.8% | 30,008 | -0.9% | 0.09% | -6.5% |
| INDA | Sell | ISHARES MSCI INDIA ETFmsci india etf | $1,373,000 | -54.2% | 28,200 | -58.4% | 0.08% | -47.8% |
| FIV | Buy | FIRST TRUST SENIOR FLOATING RA | $1,204,000 | +195.1% | 124,879 | +191.5% | 0.07% | +242.9% |
| MXE | Buy | MEXICO EQUITY & INCOME FUND INC | $1,084,000 | +13.7% | 100,432 | +27.3% | 0.06% | +30.0% |
| AIO | Sell | VIRTUS ALLIANZGI ARTIFICIAL INTELLIGENCE | $1,063,000 | -10.9% | 39,873 | -7.5% | 0.06% | +3.2% |
| RVT | Sell | ROYCE VALUE TRUST | $1,038,000 | -44.9% | 57,535 | -42.0% | 0.06% | -36.7% |
| ETG | Sell | EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE | $949,000 | -11.5% | 44,616 | -12.6% | 0.06% | +1.8% |
| AFB | Sell | ALLIANCEBERNSTEIN NATIONAL MUNI | $923,000 | -8.4% | 61,770 | -6.6% | 0.06% | +3.8% |
| NFJ | Sell | VIRTUS DIVIDEND INTEREST | $837,000 | -17.5% | 56,477 | -16.1% | 0.05% | -5.7% |
| FM | New | ISHARES MSCI FRONTIER 100 ETFmsci frontier | $810,000 | – | 23,889 | – | 0.05% | – |
| GAM | Buy | GENERAL AMERICAN INVESTORS | $753,000 | +28.3% | 17,496 | +29.7% | 0.04% | +45.2% |
| BDJ | Sell | BLACKROCK ENHANCED EQUITY DIVIDEND TRUST | $737,000 | -16.6% | 74,987 | -14.1% | 0.04% | -4.3% |
| VGK | New | VANGUARD EUROPEAN ETFftse europe etf | $722,000 | – | 11,000 | – | 0.04% | – |
| MAV | New | PIONEER MUNICIPAL HIGH INCOME ADVANTAGE | $673,000 | – | 57,873 | – | 0.04% | – |
| EMO | Buy | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY | $677,000 | +13.4% | 30,912 | +19.3% | 0.04% | +29.0% |
| FTHY | New | FIRST TRUST HIGH YIELD OPPORTUNITY | $632,000 | – | 30,733 | – | 0.04% | – |
| CUBA | Sell | HERZFELD CARIBBEAN BASIN FUND | $594,000 | -37.9% | 104,110 | -32.0% | 0.04% | -28.0% |
| NBXG | New | NEUBERGER BERMAN NEXT GEN | $598,000 | – | 31,416 | – | 0.04% | – |
| HQH | Sell | TEKLA HEALTHCARE INVESTORSsh ben int | $545,000 | -81.6% | 21,300 | -81.5% | 0.03% | -78.7% |
| CPZ | Sell | CALAMOS LONG/SHORT EQUITY & DYNAMIC | $505,000 | -80.9% | 24,800 | -80.5% | 0.03% | -78.3% |
| VEU | Sell | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $488,000 | -96.4% | 8,000 | -96.3% | 0.03% | -95.9% |
| RSX | New | VANECK VECTORS RUSSIA ETFvaneck russia et | $449,000 | – | 14,800 | – | 0.03% | – |
| HYI | Sell | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $297,000 | -83.9% | 18,616 | -84.3% | 0.02% | -81.2% |
| BYM | Sell | BLACKROCK MUNICIPAL INCOME QUA | $288,000 | -60.3% | 18,780 | -59.4% | 0.02% | -55.3% |
| AOD | Sell | ABERDEEN TOTAL DYNAMIC DIVIDEND | $253,000 | -94.0% | 26,000 | -93.7% | 0.02% | -93.2% |
| GDV | Sell | GABELLI DIV & INCOME TRUST | $252,000 | -32.8% | 9,794 | -31.3% | 0.02% | -25.0% |
| GRX | Sell | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $242,000 | -37.1% | 18,240 | -36.0% | 0.01% | -30.0% |
| VMO | Sell | INVESCO MUNICIPAL OPPORTUNITY TRUST | $231,000 | -53.3% | 16,805 | -53.8% | 0.01% | -46.2% |
| JDD | Sell | NUVEEN DIVERSIFIED DIVIDEND AND INCOME F | $188,000 | -47.6% | 18,198 | -47.4% | 0.01% | -42.1% |
| GAB | Sell | GABELLI EQUITY TRUST | $159,000 | -88.9% | 23,949 | -88.5% | 0.01% | -86.7% |
| New | ANGEL OAK FINANCIAL STRATEGIES RTSright 10/14/2021 | $52,000 | – | 240,582 | – | 0.00% | – | |
| BSTRT | Exit | BLACKROCK SCIENCE AND TECHNOLOGY RIGHTSright 07/14/2021 | $0 | – | -13,992 | – | -0.00% | – |
| GABRT | Exit | GABELLI EQUITY TRUST RIGHTSright 07/14/2021 | $0 | – | -213,548 | – | -0.00% | – |
| IGD | Exit | VOYA GLOBAL EQUITY DIVIDEND | $0 | – | -17,191 | – | -0.01% | – |
| EXG | Exit | EATON VANCE TAX-MANAGED GLOB | $0 | – | -13,230 | – | -0.01% | – |
| EVG | Exit | EATON VANCE SHORT DURATION DIVERSIFIED I | $0 | – | -15,735 | – | -0.01% | – |
| XLK | Exit | TECHNOLOGY SELECT SECTOR SPDRsbi materials | $0 | – | -1,425 | – | -0.01% | – |
| XLE | Exit | ENERGY SELECT SECTOR SPDRenergy | $0 | – | -3,829 | – | -0.01% | – |
| EWZ | Exit | ISHARES MSCI BRAZIL- USmsci brazil etf | $0 | – | -12,941 | – | -0.03% | – |
| IXJ | Exit | ISHARES GLOBAL HEALTHCARE ETFglob hlthcre etf | $0 | – | -9,777 | – | -0.04% | – |
| ACWX | Exit | ISHARES MSCI ACWI EX US INDEXmsci acwi ex us | $0 | – | -23,043 | – | -0.07% | – |
| ACP | Exit | ABERDEEN INCOME CREDIT STRATEGIES | $0 | – | -149,883 | – | -0.09% | – |
| EDD | Exit | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $0 | – | -276,235 | – | -0.09% | – |
| EFR | Exit | EATON VANCE SENIOR FLOATING-RATE FUND | $0 | – | -461,934 | – | -0.34% | – |
| VXX | Exit | IPATH S&P 500 VIX S/T FU ETNipth sr b s&p | $0 | – | -404,548 | – | -0.62% | – |
| VTA | Exit | INVESCO DYNAMIC CREDIT OPPORTUNITIES | $0 | – | -1,056,262 | – | -0.65% | – |
| KWEB | Exit | KRANESHARES CSI CHINA INTERNETcsi chi internet | $0 | – | -1,228,694 | – | -4.48% | – |
Q2 2021
Q4 2020
Q3 2020
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $228,035,000 | +5.6% | 10,412,554 | -2.7% | 16.90% | +0.6% |
| AEF | Buy | ABERDEEN EMERGING MARKETS EQUI | $98,571,000 | +8.1% | 15,258,739 | +1.3% | 7.30% | +2.9% |
| EWY | Buy | ISHARES MSCI KOREAmsci sth kor etf | $94,953,000 | +23.8% | 1,453,879 | +8.3% | 7.04% | +17.9% |
| CHN | Buy | CHINA FUND INC. | $87,789,000 | +14.0% | 3,478,181 | +0.6% | 6.51% | +8.5% |
| TWN | Sell | TAIWAN FUND | $67,849,000 | +8.8% | 2,925,167 | -0.3% | 5.03% | +3.5% |
| IIF | Sell | MS INDIA INVESTMENT | $61,818,000 | -14.1% | 3,571,220 | -19.6% | 4.58% | -18.3% |
| CAF | Sell | MS CHINA A SHARE | $59,502,000 | +0.6% | 2,817,338 | -7.0% | 4.41% | -4.2% |
| MXF | Buy | MEXICO FUND | $47,527,000 | +7.2% | 4,639,061 | +2.7% | 3.52% | +2.1% |
| IFN | Buy | INDIA FUND INC | $37,144,000 | +40.8% | 2,255,275 | +32.2% | 2.75% | +34.0% |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $34,360,000 | +22.4% | 2,238,456 | +9.0% | 2.55% | +16.5% |
| CEE | Buy | CENTRAL AND EASTERN EUROPE FUND | $33,099,000 | -2.6% | 1,658,262 | +2.1% | 2.45% | -7.3% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $27,789,000 | +22.1% | 3,201,526 | +9.9% | 2.06% | +16.2% |
| EWM | New | ISHARES MSCI MALAYSIAmsci mlyetf new | $24,506,000 | – | 934,970 | – | 1.82% | – |
| EWZ | Sell | ISHARES MSCI BRAZIL- USmsci brazil etf | $22,172,000 | -61.0% | 803,189 | -59.3% | 1.64% | -62.8% |
| IAE | Buy | VOYA ASIA PACIFIC HIGH DIV FUND | $17,169,000 | +5.4% | 2,163,755 | +1.8% | 1.27% | +0.3% |
| GF | Sell | NEW GERMANY | $16,214,000 | +6.5% | 963,699 | -3.7% | 1.20% | +1.4% |
| VEU | Buy | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $14,887,000 | +741.1% | 295,000 | +693.0% | 1.10% | +699.3% |
| EWT | Buy | ISHARES MSCI TAIWANmsci taiwan etf | $14,297,000 | +546.3% | 318,161 | +478.5% | 1.06% | +516.3% |
| FDEU | Buy | FIRST TRUST DYNAMIC EUROPEAN EQUITY INC | $14,172,000 | +62.0% | 1,408,036 | +66.6% | 1.05% | +54.2% |
| MCHI | New | ISHARES MSCI CHINA ETFmsci china etf | $13,968,000 | – | 188,228 | – | 1.04% | – |
| HIO | Buy | WESTERN ASSET HIGH INCOME OPPORTUNITY | $12,940,000 | +282.5% | 2,640,881 | +261.4% | 0.96% | +264.6% |
| WIW | Buy | WA/CLAY US INFLATION-LINKED OPP&INC | $12,741,000 | +15.7% | 1,131,997 | +12.7% | 0.94% | +10.2% |
| RSX | Sell | VANECK VECTORS RUSSIA ETFrussia etf | $12,615,000 | -20.0% | 601,728 | -20.8% | 0.94% | -23.9% |
| PPR | Buy | VOYA PRIME RATE TRUSTsh ben int | $11,490,000 | +146.1% | 2,602,536 | +125.8% | 0.85% | +134.7% |
| NML | Buy | NEUBERGER BERMAN MLP AND ENERGY INCOME | $11,168,000 | -11.1% | 4,682,466 | +8.2% | 0.83% | -15.3% |
| NEA | Sell | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $11,152,000 | -1.8% | 777,414 | -4.9% | 0.83% | -6.6% |
| EDD | Buy | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $9,139,000 | +25.6% | 1,645,127 | +27.1% | 0.68% | +19.4% |
| BWG | Sell | BRANDYWINE GLOBAL GLOBAL INCOME | $8,913,000 | -2.4% | 773,668 | -2.4% | 0.66% | -7.0% |
| AOD | Buy | ABERDEEN TOTAL DYNAMIC DIVIDEND | $8,652,000 | +43.2% | 1,089,049 | +38.7% | 0.64% | +36.4% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $6,530,000 | +46.3% | 786,752 | +34.6% | 0.48% | +39.5% |
| FM | Sell | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $6,064,000 | -34.1% | 237,306 | -37.9% | 0.45% | -37.4% |
| HYI | Buy | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $5,801,000 | +47.1% | 412,170 | +45.9% | 0.43% | +40.1% |
| NAD | Sell | NUVEEN QUALITY MUNICIPAL INCOME | $5,805,000 | -1.3% | 399,675 | -4.7% | 0.43% | -6.1% |
| GDO | Buy | WESTERN ASSET GLOBAL CORPORATE | $5,667,000 | +110.7% | 340,862 | +107.2% | 0.42% | +101.0% |
| THD | Buy | ISHARES MSCI THAILANDmsci thailnd etf | $5,605,000 | +290.6% | 89,511 | +341.2% | 0.42% | +270.5% |
| IHD | Buy | VOYA EMERGING MARKETS HIGH INC | $5,338,000 | +74.5% | 805,757 | +63.4% | 0.40% | +66.4% |
| HQH | Buy | TEKLA HEALTHCARE INVESTORSsh ben int | $4,988,000 | -2.2% | 241,973 | +1.1% | 0.37% | -6.8% |
| FXI | Sell | ISHARES FTSE/XINHUA CHINA 25 INDEX FUNDchina lg cap etf | $4,731,000 | -74.4% | 112,790 | -75.8% | 0.35% | -75.6% |
| IGR | Buy | CBRE CLARION GLOBAL REAL ESTATE INCOME F | $4,617,000 | +18.5% | 773,332 | +18.4% | 0.34% | +12.9% |
| CPZ | Buy | CALAMOS LONG/SHORT EQUITY & DYNAMIC | $4,483,000 | +101.3% | 308,076 | +113.6% | 0.33% | +91.9% |
| GHY | Buy | PGIM GLOBAL HIGH YIELD FUND | $4,414,000 | +12.9% | 331,989 | +8.1% | 0.33% | +7.6% |
| FUND | Sell | SPROTT FOCUS TRUST | $4,311,000 | -4.1% | 725,746 | -5.0% | 0.32% | -8.9% |
| VXX | Buy | IPATH S&P 500 VIX S/T FU ETNipth sr b s&p | $4,254,000 | +24.0% | 170,915 | +69.0% | 0.32% | +18.0% |
| ADX | Sell | ADAMS DIVERSIFIED EQUITY FUND | $4,034,000 | +4.7% | 249,248 | -3.6% | 0.30% | -0.3% |
| SWZ | Buy | SWISS HELVETIA FUND INC | $3,973,000 | +60.2% | 481,896 | +52.1% | 0.29% | +52.3% |
| ASA | Sell | ASA GOLD AND PRECIOUS METALS LTD | $3,854,000 | -11.5% | 180,964 | -27.3% | 0.29% | -15.6% |
| MYI | Buy | BLACKROCK MUNIYIELD QUALITY FUND III | $3,760,000 | +12.6% | 279,678 | +8.9% | 0.28% | +7.3% |
| NTG | Buy | TORTOISE MIDSTREAM ENERGY FUND INC | $3,058,000 | +19.9% | 210,309 | +42.8% | 0.23% | +14.1% |
| GDV | Sell | GABELLI DIV & INCOME TRUST | $2,770,000 | -58.2% | 151,036 | -59.9% | 0.20% | -60.3% |
| IEMG | Sell | ISHARES CORE MSCI EMERGING MARKETS ETFcore msci emkt | $2,660,000 | -59.9% | 50,416 | -63.9% | 0.20% | -61.9% |
| RQI | Sell | COHEN & STEERS QUALITY INCOME REALTY FUN | $2,660,000 | -69.5% | 239,664 | -70.0% | 0.20% | -71.0% |
| EMO | New | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY | $2,622,000 | – | 298,825 | – | 0.19% | – |
| ILF | Sell | ISHARES S&P LATIN AMERICAlatn amer 40 etf | $2,581,000 | -61.1% | 122,720 | -60.1% | 0.19% | -63.0% |
| NRK | Sell | NUVEEN NEW YORK AMT FREE QUALI | $2,289,000 | -2.2% | 178,068 | -2.1% | 0.17% | -6.6% |
| FEO | Buy | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $2,289,000 | +13.5% | 190,275 | +11.1% | 0.17% | +8.3% |
| VKI | Buy | INVESCO ADVANTAGE MUNICIPAL INCOME | $2,257,000 | +29.6% | 209,246 | +25.9% | 0.17% | +22.8% |
| AIO | Buy | ALLIANZGI ARTIFICIAL INTELLIGENCE & TECH | $2,232,000 | +31.1% | 103,482 | +19.7% | 0.16% | +24.1% |
| AAXJ | New | ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN Imsci ac asia etf | $2,123,000 | – | 27,500 | – | 0.16% | – |
| MTT | Buy | WESTERN ASSET MUNICIPAL DEFINED OPP | $1,873,000 | +5.2% | 92,437 | +2.4% | 0.14% | 0.0% |
| BGY | Sell | BLACKROCK INTERNATIONAL GROWTH | $1,500,000 | -35.9% | 284,366 | -37.4% | 0.11% | -39.0% |
| IRS | Sell | IRSA INVERSIONES Y REPRESENTAC ADRglobal dep rcpt | $1,335,000 | -73.3% | 475,141 | -71.4% | 0.10% | -74.6% |
| ETW | Sell | EATON VANCE TX-MANAGED GLOBAL BUY-WRITE | $1,239,000 | -13.0% | 144,773 | -12.1% | 0.09% | -17.1% |
| FIV | Sell | FIRST TRUST SENIOR FLOATING RA | $1,162,000 | -0.7% | 137,328 | -3.0% | 0.09% | -5.5% |
| ARGT | Buy | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $1,162,000 | +6.5% | 50,000 | +9.2% | 0.09% | +1.2% |
| NID | Sell | NUVEEN INTERMEDIATE DURATION MUNICIPAL T | $1,102,000 | -22.7% | 82,439 | -23.6% | 0.08% | -26.1% |
| IQI | Buy | INVESCO QUALITY MUNICIPAL INCOME TRUST | $1,109,000 | +16.7% | 90,061 | +13.5% | 0.08% | +10.8% |
| HIE | Buy | MILLER/HOWARD HIGH DIVIDEND FUND | $1,078,000 | +1.5% | 175,850 | +0.9% | 0.08% | -3.6% |
| CET | Buy | CENTRAL SECS CORP | $1,007,000 | +6.8% | 34,679 | +6.8% | 0.08% | +2.7% |
| NFJ | Sell | ALLIANZGI DIVIDEND INTEREST | $875,000 | -6.0% | 74,098 | -10.9% | 0.06% | -9.7% |
| NGE | Sell | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $843,000 | -60.0% | 90,000 | -60.5% | 0.06% | -62.2% |
| MCA | Sell | BLACKROCK MUNIYIELD CALIFORNIA QUALITY F | $739,000 | -78.4% | 51,545 | -79.1% | 0.06% | -79.3% |
| BDJ | Sell | BLACKROCK ENHANCED EQUITY DIVIDEND TRUST | $697,000 | -10.2% | 95,313 | -9.9% | 0.05% | -13.3% |
| HFRO | Sell | HIGHLAND INCOME FUND | $693,000 | -89.6% | 80,959 | -90.2% | 0.05% | -90.1% |
| BMEZ | Sell | BLACKROCK HEALTH SCIENCES TRUST II | $645,000 | +10.8% | 27,007 | -3.2% | 0.05% | +6.7% |
| CUBA | Sell | HERZFELD CARIBBEAN BASIN FUND | $629,000 | -65.0% | 175,000 | -63.5% | 0.05% | -66.4% |
| BSTZ | Sell | BLACKROCK SCIENCE & TECHNOLOGY TUST II | $638,000 | -3.6% | 24,853 | -15.0% | 0.05% | -9.6% |
| ETG | Buy | EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE | $538,000 | +88.1% | 36,164 | +80.8% | 0.04% | +81.8% |
| IRL | Sell | NEW IRELAND FUND | $481,000 | -39.7% | 57,092 | -44.3% | 0.04% | -41.9% |
| EXG | Sell | EATON VANCE TAX-MANAGED GLOB | $473,000 | -14.2% | 64,261 | -13.9% | 0.04% | -18.6% |
| GAM | Sell | GENERAL AMERICAN INVESTORS | $420,000 | -12.7% | 12,386 | -18.2% | 0.03% | -16.2% |
| VCV | Sell | INVESCO CALIFORNIA VALUE MUNICIPAL INCOM | $401,000 | -7.6% | 32,181 | -13.4% | 0.03% | -11.8% |
| EPHE | New | ISHARES MSCI PHILIPPINES INVESTABLE MARKmsci philips etf | $407,000 | – | 15,300 | – | 0.03% | – |
| JDD | Sell | NUVEEN DIVERSIFIED DIVIDEND AND INCOME F | $354,000 | -24.2% | 45,581 | -24.8% | 0.03% | -27.8% |
| PEO | Sell | ADAMS NATURAL RESOURCES FUND I | $316,000 | -95.4% | 32,364 | -94.7% | 0.02% | -95.7% |
| ETO | New | EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE | $305,000 | – | 14,691 | – | 0.02% | – |
| CRESY | Sell | CRESUD ADRsponsored adr | $317,000 | -89.0% | 113,011 | -88.3% | 0.02% | -89.7% |
| PAM | Sell | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $288,000 | -72.0% | 27,800 | -71.6% | 0.02% | -73.8% |
| HQL | Buy | TEKLA LIFE SCIENCES INVESTORSsh ben int | $231,000 | +20.3% | 13,100 | +22.4% | 0.02% | +13.3% |
| AGT | New | ISHARES MSCI ARGENTINA AND GLOmsci argentina | $199,000 | – | 10,000 | – | 0.02% | – |
| RA | Sell | BROOKFIELD REAL ASSETS INCOME | $188,000 | -97.4% | 11,352 | -97.4% | 0.01% | -97.5% |
| GRX | Sell | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $173,000 | -32.2% | 16,756 | -34.2% | 0.01% | -35.0% |
| LEO | Sell | BNY MELLON STRATEGIC MUNICIPAL | $156,000 | -56.2% | 18,792 | -59.1% | 0.01% | -57.1% |
| HTY | Exit | JOHN HANCOCK TAX-ADVANTAGE GLOBAL SHAREHtax adv glb sh | $0 | – | -15,216 | – | -0.01% | – |
| IAF | Exit | ABERDEEN AUSTRALIA EQUITY FUND | $0 | – | -51,815 | – | -0.02% | – |
| VWO | Exit | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $0 | – | -13,000 | – | -0.04% | – |
| PMM | Exit | PUTNAM MANAGED MUNICIPAL INCOME TRUST | $0 | – | -132,569 | – | -0.08% | – |
| NEV | Exit | NUVEEN ENHANCED MUNICIPAL VALUE FUND | $0 | – | -68,764 | – | -0.08% | – |
| GXC | Exit | SPDR S&P CHINA ETFs&p china etf | $0 | – | -11,150 | – | -0.09% | – |
| EMO | Exit | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY | $0 | – | -1,726,209 | – | -0.32% | – |
| NHF | Exit | NEXPOINT STRATEGIC OPPORTUNITI | $0 | – | -638,712 | – | -0.53% | – |
| JQC | Exit | NUVEEN CREDIT STRATEGIES INCOME FUND | $0 | – | -1,387,190 | – | -0.63% | – |
Q2 2020
Q4 2019
Q3 2019
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Buy | TEMPLETON DRAGON FUND | $181,418,000 | -6.0% | 10,120,947 | +0.9% | 13.44% | +0.1% |
| AEF | Buy | ABERDEEN EMERGING MARKETS EQUI | $88,494,000 | -0.5% | 12,760,454 | +4.7% | 6.56% | +6.0% |
| MCHI | Buy | ISHARES MSCI CHINA ETFmsci china etf | $74,218,000 | +1.9% | 1,324,381 | +8.1% | 5.50% | +8.5% |
| EWZ | Buy | ISHARES MSCI BRAZIL- USmsci brazil etf | $74,140,000 | -1.8% | 1,759,158 | +1.9% | 5.49% | +4.6% |
| IIF | Buy | MS INDIA INVESTMENT | $65,085,000 | +4.0% | 3,431,851 | +15.3% | 4.82% | +10.8% |
| TWN | Sell | TAIWAN FUND | $59,387,000 | +8.0% | 3,221,435 | -0.4% | 4.40% | +15.0% |
| CHN | Buy | CHINA FUND INC. | $59,339,000 | +1.5% | 3,061,861 | +6.1% | 4.40% | +8.0% |
| MXF | Buy | MEXICO FUND | $57,770,000 | +0.5% | 4,425,116 | +5.6% | 4.28% | +7.0% |
| CAF | Buy | MS CHINA A SHARE | $56,633,000 | +18.1% | 2,766,621 | +25.5% | 4.20% | +25.7% |
| KF | Sell | KOREA FUND | $52,226,000 | -5.8% | 1,904,684 | -0.8% | 3.87% | +0.3% |
| CEE | Buy | CENTRAL AND EASTERN EUROPE FUND | $40,809,000 | -2.2% | 1,570,168 | +2.2% | 3.02% | +4.1% |
| EWY | Sell | ISHARES MSCI KOREAmsci sth kor etf | $39,174,000 | -20.2% | 695,491 | -15.2% | 2.90% | -15.0% |
| ILF | New | ISHARES S&P LATIN AMERICAlatn amer 40 etf | $37,512,000 | – | 1,187,100 | – | 2.78% | – |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $24,992,000 | +5.7% | 1,706,506 | +9.2% | 1.85% | +12.6% |
| NML | Buy | NEUBERGER BERMAN MLP AND ENERGY INCOME | $24,340,000 | +27.6% | 3,382,924 | +33.1% | 1.80% | +35.9% |
| IFN | Sell | INDIA FUND INC | $22,191,000 | -12.8% | 1,081,177 | -9.6% | 1.64% | -7.2% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $19,147,000 | +14.5% | 2,180,796 | +11.1% | 1.42% | +21.8% |
| GXC | New | SPDR S&P CHINA ETFs&p china etf | $18,659,000 | – | 206,800 | – | 1.38% | – |
| NHF | Sell | NEXPOINT STRATEGIC OPPORTUNITI | $17,615,000 | -13.0% | 982,959 | -8.2% | 1.30% | -7.4% |
| NAD | Buy | NUVEEN QUALITY MUNICIPAL INCOME | $17,126,000 | +13.3% | 1,192,183 | +10.4% | 1.27% | +20.5% |
| MXE | Sell | MEXICO EQUITY & INCOME FUND INC | $17,090,000 | -8.5% | 1,624,519 | -3.6% | 1.27% | -2.5% |
| IAE | Buy | VOYA ASIA PACIFIC HIGH DIV FUND | $13,530,000 | +1.5% | 1,599,312 | +10.8% | 1.00% | +8.1% |
| NEA | Buy | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $13,222,000 | +6.0% | 923,616 | +2.3% | 0.98% | +12.8% |
| GF | Buy | NEW GERMANY | $12,468,000 | +5.7% | 898,950 | +9.0% | 0.92% | +12.6% |
| BGY | Buy | BLACKROCK INTERNATIONAL GROWTH | $10,672,000 | +4.8% | 1,974,473 | +8.7% | 0.79% | +11.4% |
| HFRO | Buy | HIGHLAND FLOATING RATE OPP | $10,598,000 | -2.8% | 792,941 | +0.1% | 0.78% | +3.6% |
| FM | New | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $10,538,000 | – | 375,000 | – | 0.78% | – |
| NRK | Buy | NUVEEN NEW YORK AMT FREE QUALI | $8,437,000 | +4.3% | 627,543 | +1.8% | 0.62% | +11.0% |
| PAM | Buy | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $8,307,000 | -42.8% | 478,379 | +14.3% | 0.62% | -39.2% |
| AOD | Sell | ABERDEEN TOTAL DYNAMIC DIVIDEND | $8,171,000 | -53.7% | 982,688 | -53.6% | 0.60% | -50.7% |
| VWO | Buy | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $7,708,000 | +31.9% | 191,426 | +39.3% | 0.57% | +40.3% |
| CRESY | Buy | CRESUD ADRsponsored adr | $7,684,000 | -38.6% | 1,299,000 | +8.8% | 0.57% | -34.7% |
| EMO | Buy | CLEARBRIDGE ENERGY MIDSTREAM OPPORTUNITY | $7,623,000 | +83.9% | 875,705 | +94.2% | 0.56% | +96.2% |
| IRS | Buy | IRSA INVERSIONES Y REPRESENTAC ADRglobal dep rcpt | $7,538,000 | -39.3% | 1,426,266 | +12.0% | 0.56% | -35.5% |
| EWW | Sell | ISHARES MSCI MEXICOmsci mexico etf | $7,144,000 | -72.3% | 167,309 | -71.8% | 0.53% | -70.5% |
| VEU | New | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $7,084,000 | – | 142,000 | – | 0.52% | – |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan etf | $6,475,000 | -89.7% | 178,244 | -90.1% | 0.48% | -89.1% |
| ASHR | Buy | XTRACKERS HARVEST CSI 300 CHINA A SHARESxtrack hrvst csi | $6,166,000 | +25.9% | 227,900 | +31.0% | 0.46% | +34.0% |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $6,105,000 | +23.8% | 816,780 | +31.3% | 0.45% | +31.8% |
| FDEU | Sell | FIRST TRUST DYNAMIC EUROPEAN EQUITY INC | $6,050,000 | -17.8% | 444,394 | -15.9% | 0.45% | -12.5% |
| NTG | Buy | TORTOISE MIDSTREAM ENERGY FUND INC | $5,113,000 | +29.0% | 416,525 | +41.4% | 0.38% | +37.3% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $4,466,000 | +4.5% | 611,297 | +0.7% | 0.33% | +11.4% |
| FXI | Buy | ISHARES FTSE/XINHUA CHINA 25 INDEX FUNDchina lg cap etf | $4,372,000 | +180.1% | 109,800 | +200.8% | 0.32% | +197.2% |
| FUND | Buy | SPROTT FOCUS TRUST | $4,115,000 | +7.4% | 610,145 | +7.1% | 0.30% | +14.2% |
| HQH | Sell | TEKLA HEALTHCARE INVESTORSsh ben int | $3,870,000 | -71.2% | 211,086 | -68.4% | 0.29% | -69.3% |
| VTA | Buy | INVESCO VAN KAMPEN DYNAMIC CREDIT OPP | $3,841,000 | +4.0% | 349,305 | +5.4% | 0.28% | +10.5% |
| MCA | Buy | BLACKROCK MUNIYIELD CALIFORNIA QUALITY F | $3,667,000 | +5.4% | 255,175 | +4.3% | 0.27% | +12.4% |
| VVR | Buy | INVESCO SENIOR INCOME TRUST | $3,621,000 | +37.2% | 865,214 | +41.1% | 0.27% | +45.7% |
| PEO | Buy | ADAMS NATURAL RESOURCES FUND I | $3,602,000 | +0.6% | 227,594 | +5.2% | 0.27% | +7.2% |
| ADX | Buy | ADAMS DIVERSIFIED EQUITY FUND | $3,482,000 | +10.2% | 219,760 | +7.6% | 0.26% | +17.3% |
| HGLB | Sell | HIGHLAND GLOBAL ALLOCATION FUND | $3,187,000 | -17.3% | 311,539 | -9.2% | 0.24% | -11.9% |
| EDD | Sell | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $3,129,000 | -31.3% | 475,572 | -27.8% | 0.23% | -26.8% |
| EGPT | New | VANECK VECTORS EGYPT INDEX ETFegypt indx etf | $2,459,000 | – | 80,000 | – | 0.18% | – |
| BTT | Buy | BLACKROCK MUNICIPAL TARGET TERM TRUST | $2,068,000 | +18.9% | 87,435 | +16.7% | 0.15% | +26.4% |
| IDE | Buy | VOYA INFRASTRUCTURE INDUSTRIALS AND MAT | $1,931,000 | -2.1% | 168,301 | +5.8% | 0.14% | +4.4% |
| MHI | Sell | PIONEER MUNICIPAL HIGH INCOME | $1,907,000 | -24.6% | 153,252 | -26.1% | 0.14% | -19.9% |
| KYN | New | KAYNE ANDERSON MLP INVESTMENT COMPANY | $1,582,000 | – | 109,413 | – | 0.12% | – |
| FEI | New | FIRST TRUST MLP AND ENERGY INC | $1,535,000 | – | 133,745 | – | 0.11% | – |
| RVT | Buy | ROYCE VALUE TRUST | $1,311,000 | +222.9% | 95,335 | +227.2% | 0.10% | +246.4% |
| VCV | Buy | INVESCO CALIFORNIA VALUE MUNICIPAL INCOM | $1,234,000 | +70.4% | 96,447 | +72.7% | 0.09% | +82.0% |
| FEO | Buy | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $1,180,000 | -3.0% | 89,146 | +3.1% | 0.09% | +2.4% |
| ETG | Buy | EATON VANCE TAX-ADVANTAGED GLOBAL DIVIDE | $1,123,000 | +13.0% | 68,320 | +10.3% | 0.08% | +20.3% |
| RSX | Sell | VANECK VECTORS RUSSIA ETFrussia etf | $1,110,000 | -96.4% | 48,700 | -96.3% | 0.08% | -96.2% |
| IHD | Buy | VOYA EMERGING MARKETS HIGH INC | $1,097,000 | +944.8% | 153,079 | +1021.7% | 0.08% | +1057.1% |
| NFJ | Buy | ALLIANZGI NFJ DIVIDEND INTEREST | $1,064,000 | +30.1% | 86,925 | +31.7% | 0.08% | +38.6% |
| GDV | New | GABELLI DIV & INCOME TRUST | $956,000 | – | 44,427 | – | 0.07% | – |
| KWEB | Sell | KRANESHARES CSI CHINA INTERNETcsi chi internet | $886,000 | -62.2% | 21,440 | -59.8% | 0.07% | -59.5% |
| EEA | Sell | THE EUROPEAN EQUITY FUND INC | $878,000 | -20.9% | 98,200 | -22.1% | 0.06% | -15.6% |
| BTO | Buy | JOHN HANCOCK FINANCIAL OPPORTUNITIES FUNsh ben int new | $808,000 | +51.9% | 25,136 | +52.0% | 0.06% | +62.2% |
| INF | Sell | BROOKFIELD GLOBAL LISTED INFRASTRUCTURE | $797,000 | +4.9% | 58,259 | -1.9% | 0.06% | +11.3% |
| RA | Sell | BROOKFIELD REAL ASSETS INCOME | $586,000 | -88.8% | 25,921 | -89.2% | 0.04% | -88.2% |
| ARGT | Sell | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $570,000 | -90.9% | 25,000 | -87.2% | 0.04% | -90.4% |
| BDJ | Sell | BLACKROCK ENHANCED EQUITY DIVIDEND TRUST | $510,000 | -36.2% | 55,426 | -38.6% | 0.04% | -32.1% |
| USA | Sell | LIBERTY ALL STAR EQUITY FUNDsh ben int | $427,000 | -26.1% | 66,800 | -26.0% | 0.03% | -20.0% |
| ASA | New | ASA GOLD AND PRECIOUS METALS LTD | $314,000 | – | 26,130 | – | 0.02% | – |
| ZF | New | VIRTUS TOTAL RETURN FUND INC | $317,000 | – | 28,139 | – | 0.02% | – |
| BOE | Sell | BLACKROCK GLOBAL OPP EQTY TR | $300,000 | -97.0% | 28,825 | -96.9% | 0.02% | -96.8% |
| JTA | New | NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUN | $246,000 | – | 21,805 | – | 0.02% | – |
| MCN | New | MADISON COVERED CALL & EQUITY FUND | $211,000 | – | 32,945 | – | 0.02% | – |
| IAF | New | ABERDEEN AUSTRALIA EQUITY FUND | $218,000 | – | 41,840 | – | 0.02% | – |
| BGR | Exit | BLACKROCK GLOBAL ENERGY RES. | $0 | – | -17,016 | – | -0.01% | – |
| EFR | Exit | EATON VANCE SENIOR FLOATING-RATE FUND | $0 | – | -44,895 | – | -0.04% | – |
| IEMG | Exit | ISHARES CORE MSCI EMERGING MARKETS ETFcore msci emkt | $0 | – | -42,800 | – | -0.15% | – |
| AABA | Exit | ALTABA INC | $0 | – | -39,500 | – | -0.19% | – |
| ISD | Exit | PRUDENTIAL SHORT DURATION HIGH YIELD FUN | $0 | – | -191,563 | – | -0.20% | – |
| GHY | Exit | PRUDENTIAL GLOBAL SHORT DURATION HIGH YI | $0 | – | -233,293 | – | -0.23% | – |
| MIE | Exit | COHEN & STEERS MLP INCOME & ENG OPP | $0 | – | -608,904 | – | -0.40% | – |
Q2 2019
Q4 2018
Q3 2018
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $180,056,000 | -13.2% | 9,036,674 | -7.2% | 13.95% | -16.3% |
| AEF | Buy | ABERDEEN EMERGING MARKETS EQUI | $102,394,000 | +5.6% | 14,893,678 | +7.3% | 7.94% | +1.8% |
| KF | Sell | KOREA FUND | $72,112,000 | -5.4% | 1,955,042 | -2.1% | 5.59% | -8.7% |
| IIF | Sell | MS INDIA INVESTMENT | $71,108,000 | -14.8% | 3,038,785 | -5.5% | 5.51% | -17.8% |
| TWN | Sell | TAIWAN FUND | $63,613,000 | -4.6% | 3,304,581 | -0.2% | 4.93% | -7.9% |
| MSF | Sell | MS EMERGING MARKETS | $51,091,000 | -7.4% | 3,277,173 | -3.3% | 3.96% | -10.7% |
| MXF | Buy | MEXICO FUND | $50,476,000 | +20.4% | 3,097,638 | +11.9% | 3.91% | +16.2% |
| APF | Buy | MS ASIA PACIFIC | $48,558,000 | -1.8% | 2,934,888 | +1.4% | 3.76% | -5.3% |
| IFN | Sell | INDIA FUND INC | $42,519,000 | -9.9% | 1,921,336 | -1.1% | 3.30% | -13.1% |
| EWY | Buy | ISHARES MSCI KOREAmsci sth kor etf | $40,051,000 | +65.9% | 586,704 | +64.3% | 3.10% | +60.0% |
| MXE | Sell | MEXICO EQUITY & INCOME FUND INC | $34,141,000 | +12.9% | 2,779,041 | -4.9% | 2.65% | +8.9% |
| EWZ | Buy | ISHARES MSCI BRAZIL- USmsci brazil etf | $31,288,000 | +5477.2% | 926,351 | +5193.4% | 2.42% | +5288.9% |
| CEE | Buy | CENTRAL AND EASTERN EUROPE FUND | $30,547,000 | +6.3% | 1,272,802 | +3.2% | 2.37% | +2.6% |
| CAF | Buy | MS CHINA A SHARE | $29,610,000 | +1022.9% | 1,376,885 | +1104.4% | 2.30% | +982.5% |
| LDF | Sell | LATIN AMERICAN DISCOVERY | $23,419,000 | +11.2% | 2,101,280 | -4.6% | 1.82% | +7.3% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $18,955,000 | +5.6% | 1,713,090 | +11.2% | 1.47% | +1.9% |
| IRS | Buy | IRSA INVERSIONES Y REPRESENTAC ADRglobal dep rcpt | $13,004,000 | +834.9% | 768,323 | +857.6% | 1.01% | +800.0% |
| CRESY | Buy | CRESUD ADRsponsored adr | $12,777,000 | +1291.8% | 903,000 | +1357.2% | 0.99% | +1237.8% |
| NML | Buy | NEUBERGER BERMAN MLP INCOME | $12,662,000 | +4.6% | 1,459,612 | +5.5% | 0.98% | +0.9% |
| PAM | New | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $12,511,000 | – | 403,000 | – | 0.97% | – |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $10,917,000 | +30.7% | 744,453 | +31.1% | 0.85% | +26.1% |
| HQH | Sell | TEKLA HEALTHCARE INVESTORSsh ben int | $10,875,000 | -22.8% | 470,155 | -28.3% | 0.84% | -25.5% |
| GF | Buy | NEW GERMANY | $9,611,000 | +9.0% | 527,508 | +9.2% | 0.74% | +5.2% |
| NEA | Buy | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $9,340,000 | +28.6% | 738,026 | +32.3% | 0.72% | +24.2% |
| NAD | Buy | NUVEEN QUALITY MUNICIPAL INCOME | $9,226,000 | +29.7% | 721,636 | +35.0% | 0.72% | +25.2% |
| MIE | Sell | COHEN & STEERS MLP INCOME & ENG OPP | $7,975,000 | +0.5% | 764,620 | -3.5% | 0.62% | -3.1% |
| JPS | Sell | NUVEEN PREFERRED SECURITIES | $6,990,000 | -10.8% | 793,908 | -10.6% | 0.54% | -14.0% |
| NHF | Sell | NEXPOINT STRATEGIC OPPORTUNITI | $6,543,000 | -27.4% | 292,172 | -28.8% | 0.51% | -30.0% |
| NRK | Buy | NUVEEN NEW YORK AMT FREE QUALI | $6,051,000 | +35.2% | 508,931 | +38.9% | 0.47% | +30.3% |
| WIW | Sell | WA/CLAY US INFLATION-LINKED OPP&INC | $5,422,000 | -18.8% | 500,432 | -16.5% | 0.42% | -21.8% |
| PPR | Buy | VOYA PRIME RATE TRUSTsh ben int | $5,298,000 | +20.3% | 1,062,806 | +21.2% | 0.41% | +16.1% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $5,170,000 | +29.0% | 615,494 | +35.7% | 0.40% | +24.5% |
| INF | Buy | BROOKFIELD GLOBAL LISTED INFRASTRUCTURE | $5,150,000 | +2.2% | 427,532 | +2.8% | 0.40% | -1.5% |
| VTA | Buy | INVESCO VAN KAMPEN DYNAMIC CREDIT OPP | $5,115,000 | +0.8% | 445,725 | +2.1% | 0.40% | -2.9% |
| AOD | Buy | ABERDEEN TOTAL DYNAMIC DIVIDEND | $4,300,000 | +18.6% | 489,430 | +18.1% | 0.33% | +14.4% |
| HFRO | Buy | HIGHLAND FLOATING RATE OPP | $4,121,000 | +7.0% | 268,887 | +8.7% | 0.32% | +3.2% |
| FUND | Sell | SPROTT FOCUS TRUST | $4,059,000 | -19.1% | 551,133 | -14.2% | 0.32% | -21.8% |
| MHI | Sell | PIONEER MUNICIPAL HIGH INCOME | $3,750,000 | -5.2% | 337,509 | -2.2% | 0.29% | -8.5% |
| PEO | Buy | ADAMS NATURAL RESOURCES FUND I | $3,520,000 | +10.8% | 176,718 | +11.8% | 0.27% | +7.1% |
| NID | Buy | NUVEEN INTERMEDIATE DURATION MUNICIPAL T | $2,867,000 | +57.5% | 229,657 | +56.7% | 0.22% | +52.1% |
| ARDC | Sell | ARES DYNAMIC CREDIT ALLOCATION FUND | $2,855,000 | -11.5% | 183,911 | -8.3% | 0.22% | -14.7% |
| CUBA | Sell | HERZFELD CARIBBEAN BASIN FUND | $2,739,000 | -15.1% | 425,000 | -12.9% | 0.21% | -18.1% |
| CBA | Sell | CLEARBRIDGE AMERICAN ENERGY MLP FUND | $2,714,000 | -10.3% | 344,623 | -14.3% | 0.21% | -13.6% |
| MCA | Buy | BLACKROCK MUNIYIELD CALIFORNIA QUALITY F | $2,237,000 | +123.0% | 174,592 | +132.3% | 0.17% | +113.6% |
| RSX | Buy | VANECK VECTORS RUSSIA ETFrussia etf | $2,200,000 | +179.9% | 102,000 | +175.7% | 0.17% | +169.8% |
| HTD | Sell | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INC | $2,174,000 | -62.9% | 93,356 | -62.8% | 0.17% | -64.3% |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $2,072,000 | +4.3% | 260,084 | +4.0% | 0.16% | +0.6% |
| PHD | Buy | PIONEER FLOATING RATE TRUST | $1,966,000 | +60.8% | 178,279 | +62.9% | 0.15% | +55.1% |
| NVG | New | NUVEEN ENHANCED AMT FREE MUNICPAL CREDIT | $1,895,000 | – | 130,017 | – | 0.15% | – |
| BGIO | New | BLACKROCK 2022 GLOBAL INCOME O | $1,877,000 | – | 209,802 | – | 0.14% | – |
| EWT | New | ISHARES MSCI TAIWANmsci taiwan etf | $1,844,000 | – | 48,900 | – | 0.14% | – |
| MAV | Sell | PIONEER MUNICIPAL HIGH INCOME ADVANTAGE | $1,701,000 | -37.8% | 159,649 | -36.1% | 0.13% | -40.0% |
| VGM | New | INVESCO TRUST FOR INVESTMENT G | $1,547,000 | – | 130,280 | – | 0.12% | – |
| HYI | Sell | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $1,538,000 | -19.3% | 105,955 | -19.0% | 0.12% | -22.2% |
| WIA | Sell | WA/CLAY US INFL-LKD SEC&INC | $1,540,000 | -2.5% | 136,563 | -1.4% | 0.12% | -6.3% |
| NZF | New | NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND | $1,389,000 | – | 96,362 | – | 0.11% | – |
| NAC | New | NUVEEN CALIFORNIA QUALITY MUNI | $1,366,000 | – | 105,585 | – | 0.11% | – |
| BTT | New | BLACKROCK MUNICIPAL TARGET TERM TRUST | $1,343,000 | – | 64,935 | – | 0.10% | – |
| NGE | Sell | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $1,234,000 | -75.0% | 68,287 | -70.0% | 0.10% | -75.8% |
| EFR | Buy | EATON VANCE SENIOR FLOATING-RATE FUND | $1,049,000 | +53.1% | 74,664 | +56.6% | 0.08% | +47.3% |
| EVV | Buy | EATON VANCE LIMITED DURATION INCOME FUND | $1,041,000 | +92.8% | 82,159 | +91.9% | 0.08% | +88.4% |
| MUI | New | BLACKROCK MUNI INTERMEDIATE DURATION FUN | $1,031,000 | – | 78,954 | – | 0.08% | – |
| MYI | New | BLACKROCK MUNIYIELD QUALITY FUND III | $1,013,000 | – | 83,895 | – | 0.08% | – |
| NKX | New | NUVEEN CALIFORNIA AMT FREE QUA | $1,002,000 | – | 77,890 | – | 0.08% | – |
| BFK | New | BLACKROCK MUNICIPAL INCOME TRUSTsh ben int | $984,000 | – | 79,192 | – | 0.08% | – |
| PMO | New | PUTNAM MUNICIPAL OPPORTUNITIES TRUSTsh ben int | $985,000 | – | 86,295 | – | 0.08% | – |
| EWM | Sell | ISHARES MSCI MALAYSIAmsci mly etf new | $891,000 | -27.7% | 27,537 | -30.4% | 0.07% | -30.3% |
| IAE | New | VOYA ASIA PACIFIC HIGH DIV FUND | $866,000 | – | 91,066 | – | 0.07% | – |
| IQI | New | INVESCO QUALITY MUNICIPAL INCOME TRUST | $843,000 | – | 72,883 | – | 0.06% | – |
| JDD | New | NUVEEN DIVERSIFIED DIVIDEND AND INCOME F | $807,000 | – | 74,193 | – | 0.06% | – |
| IRL | Buy | NEW IRELAND FUND | $812,000 | +140.2% | 77,278 | +166.7% | 0.06% | +133.3% |
| FCT | Buy | FIRST TRUST SENIOR FLOATING RATE INCOME | $755,000 | +289.2% | 59,482 | +293.3% | 0.06% | +268.8% |
| VVR | Buy | INVESCO SENIOR INCOME TRUST | $760,000 | +145.2% | 176,556 | +143.7% | 0.06% | +136.0% |
| AFB | New | ALLIANCEBERNSTEIN NATIONAL MUNI | $685,000 | – | 55,380 | – | 0.05% | – |
| VKI | New | INVESCO ADVANTAGE MUNICIPAL INCOME | $689,000 | – | 65,510 | – | 0.05% | – |
| EIM | New | EATON VANCE MUNICIPAL BOND FUND | $679,000 | – | 59,044 | – | 0.05% | – |
| LEO | New | DREYFUS STRATEGIC MUNICIPALS INC | $679,000 | – | 90,669 | – | 0.05% | – |
| MQY | New | BLACKROCK MUNIYIELD QUALITY FUND INC | $678,000 | – | 50,267 | – | 0.05% | – |
| PMM | New | PUTNAM MANAGED MUNICIPAL INCOME TRUST | $676,000 | – | 97,606 | – | 0.05% | – |
| BYM | New | BLACKROCK MUNICIPAL INCOME QUA | $669,000 | – | 52,474 | – | 0.05% | – |
| DSM | New | DREYFUS STRATEGIC MUNI BO | $676,000 | – | 92,101 | – | 0.05% | – |
| VMO | New | INVESCO MUNICIPAL OPPORTUNITY TRUST | $675,000 | – | 59,044 | – | 0.05% | – |
| BFZ | New | BLACKROCK CALIFORNIA MUNICIPALsh ben int | $675,000 | – | 54,643 | – | 0.05% | – |
| MYC | New | BLACKROCK MUNIYIELD CALIFORNIA FUND | $673,000 | – | 52,835 | – | 0.05% | – |
| VCV | New | INVESCO CALIFORNIA VALUE MUNICIPAL INCOM | $654,000 | – | 55,851 | – | 0.05% | – |
| BKN | New | BLACKROCK INVESTMENT QUALITY MUNICIPAL T | $661,000 | – | 49,651 | – | 0.05% | – |
| BTO | New | JOHN HANCOCK FINANCIAL OPPORTUNITIES FUNsh ben int new | $579,000 | – | 15,701 | – | 0.04% | – |
| EFF | Buy | EATON VANCE FLOATING RATE INCOME PLUS | $561,000 | +48.4% | 35,464 | +55.8% | 0.04% | +43.3% |
| VKQ | New | INVESCO MUNICIPAL TRUST | $536,000 | – | 46,389 | – | 0.04% | – |
| DMB | New | DREYFUS MUNICIPAL BOND INFRASTRUCTURE FU | $524,000 | – | 42,298 | – | 0.04% | – |
| AFT | Buy | APOLLO SENIOR FLOATING RATE FUND INC | $504,000 | +66.9% | 31,512 | +70.2% | 0.04% | +62.5% |
| DMF | New | DREYFUS MUNICIPAL INCOME INC | $505,000 | – | 64,645 | – | 0.04% | – |
| FRA | Buy | BLACKROCK FLOATING RATE INCOME STRATEGY | $452,000 | +21.8% | 32,764 | +22.9% | 0.04% | +16.7% |
| FTF | New | FRANKLIN LTD DURATION INCOME TRUST | $445,000 | – | 43,820 | – | 0.03% | – |
| GMZ | Sell | GOLDMAN SACHS MLP INCOME OPP | $430,000 | -40.6% | 46,645 | -42.0% | 0.03% | -43.1% |
| ASG | New | LIBERTY ALL-STAR GROWTH FUND | $385,000 | – | 60,666 | – | 0.03% | – |
| PCI | Sell | PIMCO DYNAMIC CREDIT INCOME | $366,000 | -61.5% | 15,180 | -62.3% | 0.03% | -63.2% |
| NQP | New | NUVEEN PENNSYLVANIA QUALITY MUNI | $342,000 | – | 27,418 | – | 0.03% | – |
| MQT | New | BLACKROCK MUNIYIELD QUALITY FUND II INC | $340,000 | – | 29,023 | – | 0.03% | – |
| MCHI | Sell | ISHARES MSCI CHINA ETFmsci china etf | $314,000 | -77.7% | 5,250 | -75.9% | 0.02% | -78.8% |
| CXE | New | MFS HIGH INCOME MUNICIPAL TRUSTsh ben int | $267,000 | – | 53,994 | – | 0.02% | – |
| FTFRT | New | FRANKLIN LIMITED DURATION INCOME RTSright 10/18/2018 | $9,000 | – | 43,822 | – | 0.00% | – |
| GCVRT | New | GABELLI CONVERTIBLE AND INCOME RIGHTS | $5,000 | – | 62,607 | – | 0.00% | – |
| HPS | Exit | JOHN HANCOCK PREFERRED INCOME FUND III | $0 | – | -21,400 | – | -0.03% | – |
| EWJ | Exit | ISHARES MSCI JAPAN INDEX FUNDmsci jpn etf new | $0 | – | -8,900 | – | -0.04% | – |
| PFO | Exit | FLAHERTY & CRUMRINE PREFERRED INCOME OPP | $0 | – | -56,400 | – | -0.05% | – |
| FFC | Exit | FLAHERTY & CRUMRINE/CLAYMORE PREFERRED S | $0 | – | -34,337 | – | -0.05% | – |
| FEZ | Exit | SPDR EURO STOXX 50 ETFeuro stoxx 50 | $0 | – | -27,500 | – | -0.08% | – |
| VEU | Exit | VANGUARD FTSE ALL WORLD EX-USallwrld ex us | $0 | – | -24,000 | – | -0.10% | – |
| EGPT | Exit | VANECK VECTORS EGYPT INDEX ETFegypt indx etf | $0 | – | -47,199 | – | -0.14% | – |
| FRN | Exit | INVESCO FRONTIER MARKETS ETFfrontier mkts | $0 | – | -150,000 | – | -0.17% | – |
| MVC | Exit | MVC CAPITAL INC | $0 | – | -261,259 | – | -0.20% | – |
| AGT | Exit | ISHARES MSCI ARGENTINA AND GLOmsci argentina | $0 | – | -151,000 | – | -0.28% | – |
| UTG | Exit | REAVES UTILITY INCOME FUND | $0 | – | -234,372 | – | -0.54% | – |
| SWZ | Exit | SWISS HELVETIA FUND INC | $0 | – | -568,281 | – | -0.56% | – |
| ARGT | Exit | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $0 | – | -385,000 | – | -0.83% | – |
| FM | Exit | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $0 | – | -546,914 | – | -1.26% | – |
Q2 2018
Q4 2017
Q3 2017
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $190,701,000 | -7.9% | 9,161,719 | -10.7% | 13.76% | -12.1% |
| IIF | Sell | MS INDIA INVESTMENT | $146,760,000 | +4.3% | 4,284,345 | -1.4% | 10.59% | -0.5% |
| KF | Sell | KOREA FUND | $83,896,000 | +0.4% | 2,071,499 | -0.6% | 6.05% | -4.2% |
| CHN | Buy | CHINA FUND INC. | $80,044,000 | +9.5% | 3,919,903 | +0.3% | 5.78% | +4.5% |
| TWN | Buy | TAIWAN FUND | $72,272,000 | +5.0% | 3,508,359 | +0.8% | 5.22% | +0.2% |
| IFN | Buy | INDIA FUND INC | $66,961,000 | -0.1% | 2,501,829 | +0.7% | 4.83% | -4.6% |
| MSF | Sell | MS EMERGING MARKETS | $61,515,000 | +7.3% | 3,531,258 | -0.4% | 4.44% | +2.4% |
| APF | Sell | MS ASIA PACIFIC | $46,768,000 | +3.6% | 2,715,912 | -0.1% | 3.38% | -1.1% |
| TTF | Sell | THAI FUND INC. | $37,221,000 | +11.0% | 3,817,492 | -1.2% | 2.69% | +6.0% |
| MXE | Buy | MEXICO EQUITY & INCOME FUND INC | $34,088,000 | +1.6% | 2,937,376 | +0.2% | 2.46% | -3.0% |
| CEE | Sell | CENTRAL AND EASTERN EUROPE FUND | $33,720,000 | +5.3% | 1,367,935 | -6.6% | 2.43% | +0.5% |
| LDF | Buy | LATIN AMERICAN DISCOVERY | $26,806,000 | +15.9% | 2,219,018 | +0.6% | 1.93% | +10.6% |
| EMF | Sell | TEMPLETON EMERGING MARKETS FD | $25,280,000 | -11.3% | 1,531,188 | -19.9% | 1.82% | -15.4% |
| MXF | Sell | MEXICO FUND | $20,793,000 | -3.2% | 1,211,738 | -2.3% | 1.50% | -7.6% |
| EWY | Sell | ISHARES MSCI KOREAmsci sth kor etf | $11,290,000 | -6.8% | 163,425 | -8.6% | 0.82% | -11.0% |
| FM | Buy | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $11,269,000 | +54.2% | 359,907 | +41.1% | 0.81% | +47.0% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $7,825,000 | +86.6% | 622,779 | +70.4% | 0.56% | +78.2% |
| FUND | Buy | SPROTT FOCUS TRUST | $6,618,000 | +14.3% | 856,165 | +9.0% | 0.48% | +9.1% |
| AOD | Sell | ALPINE TOTAL DYNAMIC DIVIDEND FUND | $6,100,000 | -0.6% | 678,195 | -3.8% | 0.44% | -5.2% |
| INDA | Buy | ISHARES MSCI INDIA ETFmsci india etf | $5,232,000 | +68.1% | 159,500 | +64.4% | 0.38% | +60.9% |
| NGE | Buy | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $5,081,000 | +231.0% | 240,000 | +194.6% | 0.37% | +216.4% |
| ARDC | Sell | ARES DYNAMIC CREDIT ALLOCATION FUND | $4,673,000 | -5.2% | 285,107 | -5.6% | 0.34% | -9.7% |
| EGPT | Buy | VANECK VECTORS EGYPT INDEX ETFegypt index etf | $4,307,000 | +13.1% | 147,677 | +8.0% | 0.31% | +8.0% |
| FEZ | New | SPDR EURO STOXX 50 ETFeuro stoxx 50 | $4,266,000 | – | 103,400 | – | 0.31% | – |
| VGK | New | VANGUARD EUROPEAN ETFftse europe etf | $4,213,000 | – | 72,200 | – | 0.30% | – |
| CBA | Buy | CLEARBRIDGE AMERICAN ENERGY MLP FUND | $4,103,000 | +15.8% | 477,963 | +21.0% | 0.30% | +10.4% |
| PPR | New | VOYA PRIME RATE TRUSTsh ben int | $3,898,000 | – | 745,986 | – | 0.28% | – |
| MIE | Buy | COHEN & STEERS MLP INCOME & ENG OPP | $3,872,000 | +54.8% | 371,408 | +61.1% | 0.28% | +47.6% |
| MHI | Sell | PIONEER MUNICIPAL HIGH INCOME | $3,838,000 | -4.5% | 319,162 | -3.9% | 0.28% | -8.9% |
| NHF | Sell | NEXPOINT CREDIT STRATEGIES FUND | $3,758,000 | -55.2% | 163,111 | -57.7% | 0.27% | -57.3% |
| CEF | Buy | CENTRAL FUND OF CANADAcl a | $3,664,000 | +8.1% | 289,565 | +5.3% | 0.26% | +3.1% |
| PCI | Buy | PIMCO DYNAMIC CREDIT INCOME | $3,488,000 | +12.0% | 151,283 | +8.4% | 0.25% | +6.8% |
| GAM | Sell | GENERAL AMERICAN INVESTORS | $3,326,000 | -17.2% | 92,364 | -21.0% | 0.24% | -21.1% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $3,298,000 | +4.3% | 377,578 | +1.7% | 0.24% | -0.4% |
| MAV | Sell | PIONEER MUNICIPAL HIGH INCOME ADVANTAGE | $3,145,000 | -6.3% | 272,095 | -5.0% | 0.23% | -10.6% |
| ADX | Sell | ADAMS DIVERSIFIED EQUITY FUND | $3,138,000 | +1.2% | 206,110 | -4.9% | 0.23% | -3.4% |
| WIW | Buy | WA/CLAY US INFLATION-LINKED OPP&INC | $3,100,000 | +756.4% | 274,971 | +735.5% | 0.22% | +729.6% |
| NML | Buy | NEUBERGER BERMAN MLP INCOME | $3,055,000 | +58.9% | 321,769 | +60.7% | 0.22% | +51.7% |
| PEO | Buy | ADAMS NATURAL RESOURCES FUND I | $2,803,000 | +1134.8% | 142,442 | +1071.6% | 0.20% | +1088.2% |
| EWJ | New | ISHARES MSCI JAPAN INDEX FUNDmsci jpn etf new | $2,796,000 | – | 50,200 | – | 0.20% | – |
| SWZ | Buy | SWISS HELVETIA FUND INC | $2,538,000 | +491.6% | 198,755 | +488.6% | 0.18% | +471.9% |
| MVC | Buy | MVC CAPITAL INC | $2,411,000 | +61.8% | 240,758 | +59.7% | 0.17% | +54.0% |
| CUBA | Buy | HERZFELD CARIBBEAN BASIN FUND | $2,223,000 | +96.0% | 306,004 | +94.4% | 0.16% | +86.0% |
| GMZ | Sell | GOLDMAN SACHS MLP INCOME OPP | $2,153,000 | -41.0% | 230,980 | -39.1% | 0.16% | -43.8% |
| PHD | Buy | PIONEER FLOATING RATE TRUST | $1,944,000 | +64.7% | 162,984 | +64.2% | 0.14% | +57.3% |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $1,770,000 | +58.2% | 208,650 | +60.4% | 0.13% | +50.6% |
| GF | New | NEW GERMANY | $1,751,000 | – | 94,318 | – | 0.13% | – |
| FRN | Sell | GUGGENHEIM FRONTIER MARKETS ETFgugg frntr mkt | $1,731,000 | -26.5% | 118,040 | -31.5% | 0.12% | -29.8% |
| NEA | New | NUVEEN AMT-FREE MUNICIPAL INCOME FUND | $1,674,000 | – | 121,003 | – | 0.12% | – |
| USA | Sell | LIBERTY ALL STAR EQUITY FUNDsh ben int | $1,624,000 | -50.5% | 269,097 | -53.6% | 0.12% | -52.8% |
| PHT | New | PIONEER HIGH INCOME TRUST | $1,035,000 | – | 103,519 | – | 0.08% | – |
| VWO | New | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $1,032,000 | – | 23,700 | – | 0.07% | – |
| IRL | New | NEW IRELAND FUND | $908,000 | – | 66,000 | – | 0.07% | – |
| EEA | Buy | THE EUROPEAN EQUITY FUND INC | $678,000 | +159.8% | 70,213 | +147.3% | 0.05% | +145.0% |
| BGX | Buy | BLACKSTONE GSO LONG SHORT CREDIT INCOME | $655,000 | +17.4% | 40,722 | +17.3% | 0.05% | +11.9% |
| SPY | Buy | SPDR S&P 500 ETF TRUSTtr unit | $653,000 | +145.5% | 2,600 | +136.4% | 0.05% | +135.0% |
| AFT | New | APOLLO SENIOR FLOATING RATE FUND INC | $630,000 | – | 37,582 | – | 0.04% | – |
| VVR | New | INVESCO SENIOR INCOME TRUST | $601,000 | – | 134,000 | – | 0.04% | – |
| SVVC | Sell | FIRSTHAND TECHNOLOGY VALUE FUND INC | $431,000 | -39.9% | 53,880 | -36.9% | 0.03% | -42.6% |
| VKI | Sell | INVESCO ADVANTAGE MUNICIPAL INCOMEsh ben int | $398,000 | -86.7% | 34,562 | -86.6% | 0.03% | -87.2% |
| FCT | New | FIRST TRUST SENIOR FLOATING RATE INCOME | $307,000 | – | 22,830 | – | 0.02% | – |
| HIO | New | WESTERN ASSET HIGH INCOME OPPORTUNITY | $304,000 | – | 59,285 | – | 0.02% | – |
| XLE | New | ENERGY SELECT SECTOR SPDRenergy | $274,000 | – | 4,000 | – | 0.02% | – |
| FRA | New | BLACKROCK FLOATING RATE INCOME STRATEGY | $259,000 | – | 18,010 | – | 0.02% | – |
| UTGRT | New | THE REAVES UTILITY INCOME FUND - RIGHTSright 10/04/2017 | $243,000 | – | 652,500 | – | 0.02% | – |
| IAE | Exit | VOYA ASIA PACIFIC HIGH DIV FUND | $0 | – | -27,182 | – | -0.02% | – |
| NUV | Exit | NUVEEN MUNICIPAL VALUE FUND | $0 | – | -44,600 | – | -0.03% | – |
| WEA | Exit | WESTERN ASSET PREMIER BOND FUND | $0 | – | -59,546 | – | -0.06% | – |
| JGH | Exit | NUVEEN GLOBAL HIGH INCOME FUND | $0 | – | -90,784 | – | -0.12% | – |
| NVG | Exit | NUVEEN ENHANCED AMT FREE MUNICPAL CREDIT | $0 | – | -116,640 | – | -0.13% | – |
| IHD | Exit | VOYA EMERGING MARKETS HIGH INC | $0 | – | -315,035 | – | -0.21% | – |
| EIM | Exit | EATON VANCE MUNICIPAL BOND FUND | $0 | – | -244,901 | – | -0.23% | – |
Q2 2017
Q4 2016
Q3 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $170,735,000 | -48.4% | 9,695,348 | -49.2% | 13.02% | -1.2% |
| IIF | Sell | MS INDIA INVESTMENT | $121,003,000 | -46.4% | 4,262,922 | -49.7% | 9.23% | +2.6% |
| KF | Sell | KOREA FUND | $90,427,000 | -41.2% | 2,506,649 | -47.3% | 6.90% | +12.7% |
| LAQ | Sell | ABERDEEN LATIN AMERICA EQUITY | $65,375,000 | -46.2% | 3,083,706 | -49.0% | 4.98% | +3.0% |
| TWN | Sell | TAIWAN FUND | $54,570,000 | -41.4% | 3,148,890 | -48.5% | 4.16% | +12.2% |
| IFN | Sell | INDIA FUND INC | $50,607,000 | -40.2% | 2,035,665 | -41.5% | 3.86% | +14.5% |
| ABE | Sell | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $50,260,000 | -48.2% | 3,971,563 | -50.4% | 3.83% | -0.9% |
| CHN | Sell | CHINA FUND INC. | $50,003,000 | -38.2% | 3,040,625 | -45.7% | 3.81% | +18.3% |
| APB | Sell | ASIA PACIFIC FUND | $49,130,000 | -44.8% | 4,639,247 | -49.2% | 3.75% | +5.6% |
| JFC | Sell | JPMORGAN CHINA REGION FUND INC | $48,653,000 | -41.9% | 2,774,638 | -50.0% | 3.71% | +11.2% |
| MSF | Sell | MS EMERGING MARKETS | $46,056,000 | -43.1% | 3,170,816 | -48.0% | 3.51% | +8.9% |
| EWY | Sell | ISHARES MSCI KOREAmsci sth kor etf | $44,638,000 | -52.4% | 767,961 | -57.4% | 3.40% | -8.9% |
| KEF | Sell | KOREA EQUITY | $35,409,000 | -45.3% | 4,117,359 | -50.0% | 2.70% | +4.8% |
| EMF | Sell | TEMPLETON EMERGING MARKETS FD | $33,075,000 | -57.0% | 2,621,895 | -61.1% | 2.52% | -17.6% |
| TTF | Sell | THAI FUND INC. | $31,041,000 | -49.4% | 3,801,725 | -51.0% | 2.37% | -3.2% |
| APF | Sell | MS ASIA PACIFIC | $30,362,000 | -46.8% | 2,017,423 | -51.3% | 2.32% | +1.8% |
| GCH | Sell | ABERDEEN GREATER CHINA FUND INC | $29,765,000 | -44.7% | 3,269,096 | -49.2% | 2.27% | +5.9% |
| MXE | Sell | MEXICO EQUITY & INCOME FUND INC | $29,501,000 | -49.1% | 2,850,327 | -46.2% | 2.25% | -2.6% |
| CEE | Sell | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $28,489,000 | -50.2% | 1,490,402 | -52.5% | 2.17% | -4.7% |
| EWZ | Sell | ISHARES MSCI BRAZIL- USmsci brz cap etf | $27,236,000 | -55.2% | 808,067 | -60.0% | 2.08% | -14.3% |
| LDF | Sell | LATIN AMERICAN DISCOVERY | $24,759,000 | -46.2% | 2,463,564 | -50.6% | 1.89% | +2.9% |
| IF | Sell | ABERDEEN INDONESIA FUND INC | $21,697,000 | -45.8% | 3,280,015 | -49.7% | 1.65% | +3.8% |
| IHD | Sell | VOYA EMERGING MARKETS HIGH INC | $20,590,000 | -56.3% | 2,515,538 | -60.7% | 1.57% | -16.4% |
| MXF | Sell | MEXICO FUND | $16,700,000 | -43.5% | 1,050,667 | -40.5% | 1.27% | +8.2% |
| GRR | Sell | ASIA TIGERS FUND INC. | $11,592,000 | -46.0% | 1,150,541 | -48.9% | 0.88% | +3.4% |
| IAE | Sell | VOYA ASIA PACIFIC HIGH DIV FUND | $8,131,000 | -56.7% | 826,368 | -60.9% | 0.62% | -17.0% |
| NRO | Sell | NEUBERGER BERMAN REAL ESTATE SECURITIES | $7,974,000 | -58.0% | 1,398,869 | -58.2% | 0.61% | -19.7% |
| FEO | Sell | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $7,914,000 | -70.8% | 521,176 | -71.8% | 0.60% | -44.2% |
| PAM | Sell | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $6,989,000 | -46.3% | 217,319 | -54.3% | 0.53% | +2.9% |
| TKF | Sell | TURKISH INVESTMENT FUND INC. | $6,324,000 | -56.8% | 784,129 | -54.1% | 0.48% | -17.3% |
| ARGT | Sell | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $5,725,000 | -56.4% | 240,000 | -59.3% | 0.44% | -16.4% |
| JLS | Sell | NUVEEN MORTGAGE OPPORTUNITY TERM FUND | $4,704,000 | -54.6% | 195,118 | -56.5% | 0.36% | -12.9% |
| FUND | Sell | SPROTT FOCUS TRUST | $4,351,000 | -51.9% | 631,909 | -55.2% | 0.33% | -7.8% |
| PEO | Sell | ADAMS NATURAL RESOURCES FUND I | $4,307,000 | -56.0% | 215,893 | -55.7% | 0.33% | -15.9% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $3,769,000 | +61.8% | 357,063 | +50.1% | 0.29% | +208.6% |
| GAM | Sell | GENERAL AMERICAN INVESTORS | $3,720,000 | -26.3% | 113,897 | -30.5% | 0.28% | +41.3% |
| NHF | New | NEXPOINT CREDIT STRATEGIES FUND | $3,720,000 | – | 167,255 | – | 0.28% | – |
| CAF | Sell | MS CHINA A SHARE | $3,483,000 | -36.5% | 186,333 | -39.2% | 0.27% | +22.0% |
| BGY | Buy | BLACKROCK INTERNATIONAL GROWTH | $3,103,000 | +255.8% | 522,849 | +244.4% | 0.24% | +577.1% |
| BIT | Sell | BLACKROCK MULTI-SECTOR INCOME TRUST | $3,059,000 | -48.4% | 179,153 | -50.0% | 0.23% | -1.3% |
| BGX | Sell | BLACKSTONE GSO LONG SHORT CREDIT INCOME | $2,976,000 | -54.7% | 191,537 | -57.9% | 0.23% | -13.4% |
| JEQ | Sell | ABERDEEN JAPAN EQUITY FUND INC | $2,924,000 | -49.0% | 356,401 | -52.3% | 0.22% | -2.2% |
| PCI | Sell | PIMCO DYNAMIC CREDIT INCOME | $2,803,000 | -73.2% | 137,423 | -74.9% | 0.21% | -48.6% |
| WIW | Sell | WA/CLAY US INFLATION-LINKED OPP&INC | $2,749,000 | -59.1% | 245,410 | -59.4% | 0.21% | -21.3% |
| BOI | Sell | BROOKFIELD MORTGAGE OPPORTUNITY INCOME F | $2,735,000 | -57.5% | 182,081 | -57.8% | 0.21% | -18.4% |
| ADX | Sell | ADAMS DIVERSIFIED EQUITY FUND | $2,647,000 | -40.2% | 201,539 | -42.3% | 0.20% | +14.8% |
| JQC | Sell | NUVEEN CREDIT STRATEGIES INCOME FUND | $2,313,000 | -56.7% | 272,652 | -58.8% | 0.18% | -17.4% |
| FM | Buy | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $2,311,000 | +369.7% | 90,000 | +350.0% | 0.18% | +780.0% |
| USA | Sell | LIBERTY ALL STAR EQUITY FUNDsh ben int | $2,296,000 | -47.4% | 443,758 | -49.0% | 0.18% | +0.6% |
| BWG | Sell | LEGG MASON BW GLOBAL INCOME OPPORTUNITIE | $2,152,000 | -65.4% | 158,163 | -67.1% | 0.16% | -33.9% |
| BCX | Sell | BLACKROCK RESOURCES AND COMMODITIES STRA | $2,044,000 | -47.0% | 250,674 | -50.0% | 0.16% | +1.3% |
| NHS | Sell | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $1,937,000 | -67.5% | 163,850 | -70.0% | 0.15% | -37.8% |
| HYI | Sell | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $1,718,000 | -48.7% | 111,654 | -50.0% | 0.13% | -1.5% |
| DSU | Sell | BLACKROCK DEBT STRATEGIES FUND INC | $1,689,000 | -77.4% | 463,239 | -78.1% | 0.13% | -56.7% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan | $1,683,000 | -86.2% | 107,236 | -87.6% | 0.13% | -73.7% |
| TTP | Sell | TORTOISE PIPELINE & ENERGY FUND INC | $1,661,000 | -55.7% | 78,477 | -61.1% | 0.13% | -14.8% |
| SRV | New | CUSHING MLP TOTAL RETURN FUND | $1,414,000 | – | 108,280 | – | 0.11% | – |
| GLV | Sell | CLOUGH GLOBAL ALLOCATION FUND | $1,218,000 | -48.3% | 100,540 | -50.0% | 0.09% | -1.1% |
| CEF | Sell | CENTRAL FUND OF CANADAcl a | $1,202,000 | -89.6% | 86,734 | -89.6% | 0.09% | -80.0% |
| NGE | Sell | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $1,126,000 | -23.8% | 236,356 | -13.3% | 0.09% | +45.8% |
| JGH | Sell | NUVEEN GLOBAL HIGH INCOME FUND | $1,122,000 | -28.3% | 71,392 | -34.3% | 0.09% | +38.7% |
| MGU | Sell | MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE | $873,000 | -68.6% | 40,054 | -69.2% | 0.07% | -39.6% |
| ZF | Sell | ZWEIG FUND INC | $779,000 | -48.6% | 60,132 | -50.0% | 0.06% | -1.7% |
| HIO | Sell | WESTERN ASSET HIGH INCOME OPPORTUNITY FU | $723,000 | -67.9% | 143,589 | -68.8% | 0.06% | -38.9% |
| SVVC | Sell | FIRSTHAND TECHNOLOGY VALUE FUND INC | $666,000 | -47.6% | 85,341 | -50.0% | 0.05% | 0.0% |
| MVC | Sell | MVC CAPITAL INC | $664,000 | -48.4% | 80,000 | -50.0% | 0.05% | 0.0% |
| CUBA | New | HERZFELD CARIBBEAN BASIN FUND | $628,000 | – | 100,000 | – | 0.05% | – |
| ARDC | New | ARES DYNAMIC CREDIT ALLOCATION FUND | $603,000 | – | 40,555 | – | 0.05% | – |
| BGB | Sell | BLACKSTON/GSO STRATEGIC CREDIT FUND | $586,000 | -48.0% | 39,211 | -50.0% | 0.04% | 0.0% |
| DHG | New | DWS HIGH INCOME OPPORTUNITIES FUND INC | $523,000 | – | 36,911 | – | 0.04% | – |
| ERC | Sell | WELLS FARGO ADVANTAGE MULTI-SECTOR INCOM | $428,000 | -48.6% | 32,920 | -50.0% | 0.03% | 0.0% |
| AFT | Sell | APOLLO SENIOR FLOATING RATE FUND INC | $421,000 | -46.3% | 24,823 | -50.0% | 0.03% | +3.2% |
| EFR | Sell | EATON VANCE SENIOR FLOATING-RATE FUND | $425,000 | -45.9% | 30,030 | -50.0% | 0.03% | +3.2% |
| BGT | Sell | BLACKROCK FLT RT INC | $400,000 | -47.8% | 29,574 | -50.0% | 0.03% | -3.2% |
| FRA | Sell | BLACKROCK FLOATING RATE INCOME STRATEGY | $400,000 | -47.2% | 28,807 | -50.0% | 0.03% | 0.0% |
| EFF | New | EATON VANCE FLOATING RATE INCOME PLUS | $357,000 | – | 22,764 | – | 0.03% | – |
| PHD | Sell | PIONEER FLOATING RATE TRUST | $318,000 | -47.9% | 27,017 | -50.0% | 0.02% | 0.0% |
| TSLF | Sell | THL CREDIT SENIOR LOAN FUND | $313,000 | -48.7% | 18,969 | -50.0% | 0.02% | 0.0% |
| CHI | Sell | CALAMOS CONVERTIBLE OPP AND INC FUNDsh ben int | $275,000 | -95.7% | 26,611 | -95.9% | 0.02% | -91.7% |
| TLI | Sell | WESTERN ASSET CORPORATE LOAN | $244,000 | -48.3% | 22,776 | -50.0% | 0.02% | 0.0% |
| GDV | Sell | GABELLI DIV & INCOME TRUST | $193,000 | -83.6% | 10,045 | -83.7% | 0.02% | -68.1% |
| GAB | Sell | GABELLI EQUITY TRUST | $56,000 | -49.1% | 10,000 | -50.0% | 0.00% | 0.0% |
| SPY | Exit | S&P 500 DEPOSITARY RECEIPTtr unit | $0 | – | -1,865 | – | -0.02% | – |
| EFT | Exit | EATON VANCE FLOATING RATE INCOME PLUS | $0 | – | -45,528 | – | -0.03% | – |
| HYB | Exit | NEW AMERICA HIGH INCOME FUND | $0 | – | -258,392 | – | -0.09% | – |
| SRV | Exit | CUSHING MLP TOTAL RETURN FUND | $0 | – | -216,560 | – | -0.11% | – |
| NHF | Exit | NEXPOINT CREDIT STRATEGIES FUND | $0 | – | -338,582 | – | -0.29% | – |
Q2 2016
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | New | TEMPLETON DRAGON FUND | $330,912,000 | – | 19,078,258 | – | 13.18% | – |
| IIF | New | MS INDIA INVESTMENT | $225,744,000 | – | 8,469,120 | – | 8.99% | – |
| KF | New | KOREA FUND | $153,658,000 | – | 4,753,542 | – | 6.12% | – |
| LAQ | New | ABERDEEN LATIN AMERICA EQUITY | $121,486,000 | – | 6,050,094 | – | 4.84% | – |
| ABE | New | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $97,104,000 | – | 8,001,926 | – | 3.87% | – |
| EWY | New | ISHARES MSCI KOREAmsci sth kor etf | $93,766,000 | – | 1,800,922 | – | 3.74% | – |
| TWN | New | TAIWAN FUND | $93,108,000 | – | 6,109,396 | – | 3.71% | – |
| APB | New | ASIA PACIFIC FUND | $89,074,000 | – | 9,135,716 | – | 3.55% | – |
| IFN | New | INDIA FUND INC | $84,586,000 | – | 3,478,786 | – | 3.37% | – |
| JFC | New | JPMORGAN CHINA REGION FUND INC | $83,794,000 | – | 5,549,276 | – | 3.34% | – |
| MSF | New | MS EMERGING MARKETS | $80,984,000 | – | 6,093,564 | – | 3.23% | – |
| CHN | New | CHINA FUND INC. | $80,924,000 | – | 5,600,234 | – | 3.22% | – |
| EMF | New | TEMPLETON EMERGING MARKETS FD | $76,880,000 | – | 6,746,860 | – | 3.06% | – |
| KEF | New | KOREA EQUITY | $64,684,000 | – | 8,234,718 | – | 2.58% | – |
| TTF | New | THAI FUND INC. | $61,384,000 | – | 7,765,128 | – | 2.44% | – |
| EWZ | New | ISHARES MSCI BRAZIL- USmsci brz cap etf | $60,836,000 | – | 2,018,134 | – | 2.42% | – |
| MXE | New | MEXICO EQUITY & INCOME FUND INC | $57,986,000 | – | 5,302,776 | – | 2.31% | – |
| CEE | New | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $57,218,000 | – | 3,136,928 | – | 2.28% | – |
| APF | New | MS ASIA PACIFIC | $57,110,000 | – | 4,142,956 | – | 2.28% | – |
| GCH | New | ABERDEEN GREATER CHINA FUND INC | $53,780,000 | – | 6,429,066 | – | 2.14% | – |
| IHD | New | VOYA EMERGING MARKETS HIGH INC | $47,168,000 | – | 6,404,258 | – | 1.88% | – |
| LDF | New | LATIN AMERICAN DISCOVERY | $46,044,000 | – | 4,988,590 | – | 1.83% | – |
| IF | New | ABERDEEN INDONESIA FUND INC | $40,026,000 | – | 6,518,984 | – | 1.59% | – |
| MXF | New | MEXICO FUND | $29,532,000 | – | 1,766,774 | – | 1.18% | – |
| FEO | New | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $27,104,000 | – | 1,851,390 | – | 1.08% | – |
| GRR | New | ASIA TIGERS FUND INC. | $21,474,000 | – | 2,251,026 | – | 0.86% | – |
| NRO | New | NEUBERGER BERMAN REAL ESTATE SECURITIES | $19,008,000 | – | 3,349,292 | – | 0.76% | – |
| IAE | New | VOYA ASIA PACIFIC HIGH DIV FUND | $18,758,000 | – | 2,115,926 | – | 0.75% | – |
| TKF | New | TURKISH INVESTMENT FUND INC. | $14,648,000 | – | 1,709,302 | – | 0.58% | – |
| ARGT | New | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $13,142,000 | – | 590,000 | – | 0.52% | – |
| PAM | New | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $13,012,000 | – | 476,000 | – | 0.52% | – |
| EWT | New | ISHARES MSCI TAIWANmsci taiwan | $12,200,000 | – | 867,952 | – | 0.49% | – |
| CEF | New | CENTRAL FUND OF CANADAcl a | $11,540,000 | – | 831,752 | – | 0.46% | – |
| PCI | New | PIMCO DYNAMIC CREDIT INCOME | $10,452,000 | – | 546,790 | – | 0.42% | – |
| JLS | New | NUVEEN MORTGAGE OPPORTUNITY TERM FUND | $10,350,000 | – | 448,138 | – | 0.41% | – |
| PEO | New | ADAMS NATURAL RESOURCES FUND I | $9,786,000 | – | 486,982 | – | 0.39% | – |
| FUND | New | SPROTT FOCUS TRUST | $9,038,000 | – | 1,411,126 | – | 0.36% | – |
| DSU | New | BLACKROCK DEBT STRATEGIES FUND INC | $7,478,000 | – | 2,115,512 | – | 0.30% | – |
| NHF | New | NEXPOINT CREDIT STRATEGIES FUND | $7,224,000 | – | 338,582 | – | 0.29% | – |
| WIW | New | WA/CLAY US INFLATION-LINKED OPP&INC | $6,716,000 | – | 604,224 | – | 0.27% | – |
| BGX | New | BLACKSTONE GSO LONG SHORT CREDIT INCOME | $6,570,000 | – | 454,962 | – | 0.26% | – |
| BOI | New | BROOKFIELD MORTGAGE OPPORTUNITY INCOME F | $6,434,000 | – | 431,958 | – | 0.26% | – |
| CHI | New | CALAMOS CONVERTIBLE OPP AND INC FUNDsh ben int | $6,328,000 | – | 643,054 | – | 0.25% | – |
| BWG | New | LEGG MASON BW GLOBAL INCOME OPPORTUNITIE | $6,224,000 | – | 480,130 | – | 0.25% | – |
| NHS | New | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $5,966,000 | – | 545,600 | – | 0.24% | – |
| BIT | New | BLACKROCK MULTI-SECTOR INCOME TRUST | $5,928,000 | – | 358,306 | – | 0.24% | – |
| JEQ | New | ABERDEEN JAPAN EQUITY FUND INC | $5,736,000 | – | 747,452 | – | 0.23% | – |
| CAF | New | MS CHINA A SHARE | $5,484,000 | – | 306,356 | – | 0.22% | – |
| JQC | New | NUVEEN CREDIT STRATEGIES INCOME FUND | $5,338,000 | – | 661,156 | – | 0.21% | – |
| GAM | New | GENERAL AMERICAN INVESTORS | $5,048,000 | – | 163,794 | – | 0.20% | – |
| ADX | New | ADAMS DIVERSIFIED EQUITY FUND | $4,430,000 | – | 349,478 | – | 0.18% | – |
| USA | New | LIBERTY ALL STAR EQUITY FUNDsh ben int | $4,366,000 | – | 870,516 | – | 0.17% | – |
| BCX | New | BLACKROCK RESOURCES AND COMMODITIES STRA | $3,858,000 | – | 501,348 | – | 0.15% | – |
| TTP | New | TORTOISE PIPELINE & ENERGY FUND INC | $3,752,000 | – | 201,536 | – | 0.15% | – |
| HYI | New | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $3,346,000 | – | 223,308 | – | 0.13% | – |
| MGU | New | MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE | $2,782,000 | – | 129,952 | – | 0.11% | – |
| SRV | New | CUSHING MLP TOTAL RETURN FUND | $2,658,000 | – | 216,560 | – | 0.11% | – |
| GLV | New | CLOUGH GLOBAL ALLOCATION FUND | $2,354,000 | – | 201,080 | – | 0.09% | – |
| JOF | New | JAPAN SMALLER CAPITALIZATION FUND, INC | $2,330,000 | – | 237,932 | – | 0.09% | – |
| HIO | New | WESTERN ASSET HIGH INCOME OPPORTUNITY FU | $2,252,000 | – | 460,100 | – | 0.09% | – |
| HYB | New | NEW AMERICA HIGH INCOME FUND | $2,216,000 | – | 258,392 | – | 0.09% | – |
| JGH | New | NUVEEN GLOBAL HIGH INCOME FUND | $1,564,000 | – | 108,696 | – | 0.06% | – |
| ZF | New | ZWEIG FUND INC | $1,516,000 | – | 120,264 | – | 0.06% | – |
| NGE | New | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $1,478,000 | – | 272,712 | – | 0.06% | – |
| MVC | New | MVC CAPITAL INC | $1,286,000 | – | 160,000 | – | 0.05% | – |
| SVVC | New | FIRSTHAND TECHNOLOGY VALUE FUND INC | $1,270,000 | – | 170,682 | – | 0.05% | – |
| GDV | New | GABELLI DIV & INCOME TRUST | $1,180,000 | – | 61,700 | – | 0.05% | – |
| BGB | New | BLACKSTON/GSO STRATEGIC CREDIT FUND | $1,128,000 | – | 78,422 | – | 0.04% | – |
| BGY | New | BLACKROCK INTERNATIONAL GROWTH | $872,000 | – | 151,800 | – | 0.04% | – |
| ERC | New | WELLS FARGO ADVANTAGE MULTI-SECTOR INCOM | $832,000 | – | 65,840 | – | 0.03% | – |
| BGT | New | BLACKROCK FLT RT INC | $766,000 | – | 59,148 | – | 0.03% | – |
| EFR | New | EATON VANCE SENIOR FLOATING-RATE FUND | $786,000 | – | 60,060 | – | 0.03% | – |
| AFT | New | APOLLO SENIOR FLOATING RATE FUND INC | $784,000 | – | 49,646 | – | 0.03% | – |
| FRA | New | BLACKROCK FLOATING RATE INCOME STRATEGY | $758,000 | – | 57,614 | – | 0.03% | – |
| EFT | New | EATON VANCE FLOATING RATE INCOME PLUS | $682,000 | – | 45,528 | – | 0.03% | – |
| PHD | New | PIONEER FLOATING RATE TRUST | $610,000 | – | 54,034 | – | 0.02% | – |
| TSLF | New | THL CREDIT SENIOR LOAN FUND | $610,000 | – | 37,938 | – | 0.02% | – |
| FM | New | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $492,000 | – | 20,000 | – | 0.02% | – |
| TLI | New | WESTERN ASSET CORPORATE LOAN | $472,000 | – | 45,552 | – | 0.02% | – |
| SPY | New | S&P 500 DEPOSITARY RECEIPTtr unit | $391,000 | – | 1,865 | – | 0.02% | – |
| GAB | New | GABELLI EQUITY TRUST | $110,000 | – | 20,000 | – | 0.00% | – |
Q4 2015
Q3 2015
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Buy | TEMPLETON DRAGON FUND | $170,740,000 | -22.9% | 9,135,389 | +2.3% | 14.49% | -13.4% |
| IIF | Buy | MS INDIA INVESTMENT | $97,491,000 | +10.8% | 3,702,659 | +15.5% | 8.27% | +24.6% |
| KF | Buy | KOREA FUND | $76,223,000 | -11.4% | 2,149,258 | +0.8% | 6.47% | -0.5% |
| APB | Buy | ASIA PACIFIC FUND | $46,609,000 | -17.0% | 4,536,131 | +3.5% | 3.96% | -6.7% |
| ABE | Buy | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $43,959,000 | -15.5% | 4,087,286 | +0.6% | 3.73% | -5.1% |
| LAQ | Buy | ABERDEEN LATIN AMERICA EQUITY | $42,129,000 | -20.4% | 2,602,987 | +2.0% | 3.58% | -10.6% |
| TWN | Buy | TAIWAN FUND | $40,984,000 | -16.5% | 2,824,567 | +2.4% | 3.48% | -6.2% |
| JFC | Buy | JPMORGAN CHINA REGION FUND INC | $40,020,000 | -20.5% | 2,795,645 | +4.3% | 3.40% | -10.6% |
| MSF | Buy | MS EMERGING MARKETS | $38,442,000 | -5.1% | 3,041,325 | +11.4% | 3.26% | +6.6% |
| KEF | Buy | KOREA EQUITY | $29,784,000 | -8.3% | 4,151,132 | +1.6% | 2.53% | +3.0% |
| MXE | Buy | MEXICO EQUITY & INCOME FUND INC | $27,217,000 | +0.7% | 2,470,910 | +12.2% | 2.31% | +13.1% |
| TTF | Buy | THAI FUND INC. | $26,941,000 | -9.1% | 3,802,528 | +6.3% | 2.29% | +2.2% |
| CEE | Sell | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $26,408,000 | -19.3% | 1,471,635 | -6.4% | 2.24% | -9.3% |
| CHN | Buy | CHINA FUND INC. | $26,024,000 | -11.9% | 1,634,682 | +9.9% | 2.21% | -1.0% |
| EMF | Buy | TEMPLETON EMERGING MARKETS FD | $25,949,000 | +20.9% | 2,347,304 | +59.3% | 2.20% | +35.9% |
| GCH | Buy | ABERDEEN GREATER CHINA FUND INC | $25,155,000 | -1.7% | 2,955,968 | +17.0% | 2.14% | +10.5% |
| APF | Buy | MS ASIA PACIFIC | $21,094,000 | -5.9% | 1,626,369 | +13.7% | 1.79% | +5.8% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan | $20,588,000 | -18.8% | 1,563,877 | -2.8% | 1.75% | -8.8% |
| EWZ | Sell | ISHARES MSCI BRAZIL- USmsci brz cap etf | $19,773,000 | -47.6% | 901,035 | -21.7% | 1.68% | -41.1% |
| LDF | Buy | LATIN AMERICAN DISCOVERY | $19,526,000 | -20.9% | 2,492,099 | +3.4% | 1.66% | -11.2% |
| IFN | Buy | INDIA FUND INC | $17,979,000 | +0.8% | 737,014 | +9.5% | 1.53% | +13.3% |
| IF | Buy | ABERDEEN INDONESIA FUND INC | $16,704,000 | -22.6% | 3,200,008 | +4.2% | 1.42% | -13.1% |
| EWW | Sell | ISHARES MSCI MEXICOmsci mex cap etf | $13,912,000 | -23.0% | 269,904 | -14.7% | 1.18% | -13.5% |
| CAF | Buy | MS CHINA A SHARE | $13,396,000 | -19.6% | 597,633 | +21.6% | 1.14% | -9.7% |
| FEO | Buy | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $12,602,000 | -8.8% | 970,890 | +11.6% | 1.07% | +2.5% |
| IHD | Buy | VOYA EMERGING MARKETS HIGH INC | $10,068,000 | +346.7% | 1,303,361 | +469.1% | 0.85% | +402.4% |
| GRR | Buy | ASIA TIGERS FUND INC. | $9,891,000 | -14.0% | 1,079,245 | +3.7% | 0.84% | -3.3% |
| MXF | New | MEXICO FUND | $7,008,000 | – | 401,746 | – | 0.60% | – |
| HIO | Buy | WESTERN ASSET HIGH INCOME OPPORTUNITY FU | $6,939,000 | -2.7% | 1,481,118 | +6.4% | 0.59% | +9.3% |
| SGF | Buy | ABERDEEN SINGAPORE FUND INC | $6,621,000 | -9.7% | 767,213 | +15.7% | 0.56% | +1.4% |
| FSD | Buy | FIRST TRUST HIGH INCOME LONG/SHORT FUND | $6,419,000 | +6.1% | 455,887 | +18.0% | 0.54% | +19.3% |
| NHS | Buy | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $6,033,000 | -7.1% | 595,296 | +7.6% | 0.51% | +4.5% |
| PEO | Buy | ADAMS NATURAL RESOURCES FUND I | $4,865,000 | -5.1% | 268,050 | +17.0% | 0.41% | +6.7% |
| EDD | Buy | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $4,422,000 | +27.9% | 640,463 | +60.8% | 0.38% | +43.7% |
| RNP | Buy | COHEN & STEERS REIT AND PREFERRED INCOME | $4,390,000 | +7.5% | 253,542 | +8.6% | 0.37% | +21.1% |
| EEM | Buy | ISHARES MSCI EMERGING MARKETS INDEXmsci emg mkt etf | $4,265,000 | +88.8% | 130,000 | +128.1% | 0.36% | +111.7% |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $4,015,000 | +6.0% | 502,864 | +14.1% | 0.34% | +19.2% |
| KHI | Buy | DEUTSCHE HIGH INCOME TRUST | $3,946,000 | +147.1% | 502,715 | +168.0% | 0.34% | +176.9% |
| ASA | Buy | ASA GOLD AND PRECIOUS METALS LTD | $3,533,000 | -17.7% | 455,517 | +3.3% | 0.30% | -7.4% |
| PAM | Sell | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $3,531,000 | -7.2% | 230,754 | -16.2% | 0.30% | +4.5% |
| PSF | Buy | COHEN & STEERS SELECT PREFERRED AND INCO | $3,527,000 | +32.3% | 151,329 | +36.6% | 0.30% | +48.8% |
| PCI | Buy | PIMCO DYNAMIC CREDIT INCOME | $3,517,000 | -4.7% | 192,360 | +5.2% | 0.30% | +6.8% |
| RIT | Buy | LMP REAL ESTATE INCOME FUND INC | $3,489,000 | +58.0% | 283,877 | +50.5% | 0.30% | +77.2% |
| FM | Sell | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $3,396,000 | -48.4% | 135,000 | -40.0% | 0.29% | -42.1% |
| NHF | Buy | NEXPOINT CREDIT STRATEGIES FUND | $3,352,000 | +82.4% | 585,581 | +133.7% | 0.28% | +104.3% |
| FXI | New | ISHARES FTSE/XINHUA CHINA 25 INDEX FUNDchina lg-cap etf | $3,227,000 | – | 91,000 | – | 0.27% | – |
| TKF | Buy | TURKISH INVESTMENT FUND INC. | $3,154,000 | +5.8% | 393,950 | +30.6% | 0.27% | +19.1% |
| IGR | New | CBRE CLARION GLOBAL REAL ESTATE INCOME F | $2,695,000 | – | 364,961 | – | 0.23% | – |
| PDI | Sell | PIMCO DYNAMIC INCOME FUND | $2,688,000 | -4.7% | 93,317 | -3.3% | 0.23% | +7.0% |
| IVH | Buy | IVY HIGH INCOME OPPORTUNITY | $2,514,000 | -1.1% | 194,526 | +14.7% | 0.21% | +10.9% |
| GDV | Buy | GABELLI DIV & INCOME TRUST | $2,483,000 | +151.1% | 141,625 | +198.3% | 0.21% | +181.3% |
| GAB | Buy | GABELLI EQUITY TRUST | $2,446,000 | -10.3% | 468,081 | +7.5% | 0.21% | +1.0% |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $2,444,000 | -14.1% | 355,988 | +3.2% | 0.21% | -3.7% |
| IAF | Buy | ABERDEEN AUSTRALIA EQUITY FUND | $2,431,000 | +20.8% | 453,885 | +45.3% | 0.21% | +35.5% |
| UTF | Buy | COHEN & STEERS INFRASTRUCTURE FUND | $2,398,000 | +0.5% | 127,339 | +12.2% | 0.20% | +12.8% |
| USA | Buy | LIBERTY ALL STAR EQUITY FUNDsh ben int | $2,225,000 | +1.2% | 438,398 | +14.9% | 0.19% | +13.9% |
| CHAD | Buy | DIREXION DAILY CSI 300 CHINA A SHAREcsi300 china1x | $2,120,000 | +51.6% | 41,739 | +32.0% | 0.18% | +69.8% |
| TTP | Buy | TORTOISE PIPELINE & ENERGY FUND INC | $1,957,000 | -8.6% | 109,016 | +30.3% | 0.17% | +2.5% |
| BOI | Buy | BROOKFIELD MORTGAGE OPPORTUNITY INCOME F | $1,879,000 | +45.8% | 128,822 | +58.0% | 0.16% | +63.9% |
| BGX | Buy | BLACKSTONE GSO LONG SHORT CREDIT INCOME | $1,849,000 | +8.5% | 129,640 | +17.8% | 0.16% | +21.7% |
| BWG | Buy | LEGG MASON BW GLOBAL INCOME OPPORTUNITIE | $1,803,000 | +35.5% | 155,745 | +66.8% | 0.15% | +51.5% |
| JGH | Buy | NUVEEN GLOBAL HIGH INCOME FUND | $1,791,000 | -2.6% | 124,937 | +13.6% | 0.15% | +9.4% |
| HPS | Buy | JOHN HANCOCK PREFERRED INCOME FUND III | $1,771,000 | +42.2% | 106,436 | +42.9% | 0.15% | +59.6% |
| PMO | Sell | PUTNAM MUNICIPAL OPPORTUNITIES TRUST | $1,673,000 | -25.3% | 139,500 | -27.7% | 0.14% | -16.0% |
| EWY | New | ISHARES MSCI KOREAmsci sth kor etf | $1,488,000 | – | 30,500 | – | 0.13% | – |
| PFN | New | PIMCO INCOME STRATEGY FD II | $1,443,000 | – | 163,893 | – | 0.12% | – |
| SZC | Buy | THE CUSHING RENAISSANCE FUND | $1,422,000 | +22.6% | 98,018 | +63.1% | 0.12% | +37.5% |
| BIF | Buy | BOULDER GROWTH AND INCOME FUND | $1,426,000 | +0.1% | 191,130 | +13.0% | 0.12% | +12.0% |
| GNT | Buy | GAMCO NATURAL RESOURCES GOLD & INCOME TRsh ben int | $1,292,000 | -3.9% | 224,749 | +27.3% | 0.11% | +8.9% |
| MGU | Buy | MACQUARIE GLOBAL INFRASTRUCTURE TOTAL RE | $1,269,000 | -12.4% | 65,856 | +6.1% | 0.11% | -0.9% |
| SRV | Sell | CUSHING MLP TOTAL RETURN FUND | $1,271,000 | -36.0% | 108,280 | -80.0% | 0.11% | -28.0% |
| NVG | Sell | NUVEEN INSURED DIVIDEND ADVANTAGE MUNICI | $1,246,000 | -34.4% | 89,628 | -35.8% | 0.11% | -25.9% |
| VWO | New | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $1,251,000 | – | 37,800 | – | 0.11% | – |
| NGE | Sell | GLOBAL X NIGERIA INDEX ETFgbl x msci ngr | $1,208,000 | -18.7% | 140,000 | -8.6% | 0.10% | -8.0% |
| JOF | Buy | JAPAN SMALLER CAPITALIZATION FUND, INC | $1,215,000 | +87.2% | 119,538 | +97.9% | 0.10% | +110.2% |
| HYI | Buy | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $1,188,000 | +16.2% | 84,900 | +28.1% | 0.10% | +31.2% |
| CHI | New | CALAMOS CONVERTIBLE OPP AND INC FUNDsh ben int | $1,100,000 | – | 111,118 | – | 0.09% | – |
| FUND | Buy | SPROTT FOCUS TRUST | $1,014,000 | +117.1% | 171,351 | +159.9% | 0.09% | +145.7% |
| DRA | Buy | DIVERSIFIED REAL ASSET INCOME TRUST | $986,000 | +9.6% | 61,386 | +19.5% | 0.08% | +23.5% |
| NZF | Sell | NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND | $919,000 | -12.6% | 67,646 | -13.6% | 0.08% | -1.3% |
| SVVC | Buy | FIRSTHAND TECHNOLOGY VALUE FUND INC | $917,000 | +3.3% | 107,420 | +55.9% | 0.08% | +16.4% |
| GLV | Buy | CLOUGH GLOBAL ALLOCATION FUND | $783,000 | +113.9% | 59,829 | +141.0% | 0.07% | +135.7% |
| DNIF | New | DIVIDEND AND INCOME FUND INC | $709,000 | – | 65,520 | – | 0.06% | – |
| EIM | New | EATON VANCE MUNICIPAL BOND FUND | $592,000 | – | 47,000 | – | 0.05% | – |
| AEF | New | ABERDEEN CHILE FUND | $576,000 | – | 96,202 | – | 0.05% | – |
| SWZ | Buy | SWISS HELVETIA FUND INC | $560,000 | +9.4% | 51,600 | +17.8% | 0.05% | +23.1% |
| GGN | Buy | GAMCO GLOBAL GOLD NATURAL RESOURCES & | $567,000 | -7.0% | 113,324 | +21.4% | 0.05% | +4.3% |
| ARGT | New | GLOBAL X FTSE ARGENTINA 20 ETFgb msci ar etf | $536,000 | – | 33,600 | – | 0.04% | – |
| NXRT | Sell | NEXPOINT RESIDENTIAL TRUST | $445,000 | -32.5% | 33,266 | -32.1% | 0.04% | -24.0% |
| RFI | Sell | COHEN & STEERS TOTAL RETURN REALTY FUND | $430,000 | -24.7% | 36,272 | -22.8% | 0.04% | -16.3% |
| FAV | New | FIRST TRUST DIVIDEND AND INCOME FUND | $381,000 | – | 48,725 | – | 0.03% | – |
| VALEP | Buy | VALE SA PREF ADRadr | $369,000 | -26.9% | 110,000 | +10.0% | 0.03% | -18.4% |
| GF | Buy | NEW GERMANY | $369,000 | +89.2% | 25,461 | +97.4% | 0.03% | +106.7% |
| FIF | New | FIRST TRUST ENEGRY INFRASTRUCTURE FUND | $355,000 | – | 22,264 | – | 0.03% | – |
| EWG | Sell | ISHARES MSCI GERMANY INDEXmsci germany etf | $351,000 | -21.1% | 14,200 | -11.1% | 0.03% | -11.8% |
| KMM | New | DEUTSCHE MULTI MARKET INCOME TRUST | $356,000 | – | 48,444 | – | 0.03% | – |
| FCX | Buy | FREEPORT MC MORAN COPPER Bcl b | $339,000 | +17.3% | 35,000 | +125.8% | 0.03% | +31.8% |
| FMY | Sell | FIRST TRUST/FIDAC MORTGAGE INCOME FUND | $275,000 | -27.8% | 19,133 | -29.2% | 0.02% | -20.7% |
| New | ANADARKO PETROLEUM CORP | $242,000 | – | 4,000 | – | 0.02% | – | |
| GGT | New | GABELLI GLOBAL MULTIMEDIA TOTAL RETURN | $193,000 | – | 25,614 | – | 0.02% | – |
| BDJ | New | BLACKROCK ENHANCED EQUITY DIVIDEND TRUST | $155,000 | – | 21,566 | – | 0.01% | – |
| EEA | New | THE EUROPEAN EQUITY FUND INC. | $84,000 | – | 10,700 | – | 0.01% | – |
| AGRO | Exit | ADECOAGRO SA | $0 | – | -10,000 | – | -0.01% | – |
| TRF | Exit | TEMPLETON RUSSIA FUND | $0 | – | -10,000 | – | -0.01% | – |
| CEN | Exit | CENTER COAST MLP & INFRASTRUCTURE FUND | $0 | – | -37,055 | – | -0.04% | – |
| Exit | FLAHERTY & CRUMRINE DYNAMIC PREFERRED AN | $0 | – | -38,903 | – | -0.06% | – | |
| ISL | Exit | ABERDEEN FIRST ISRAEL FUND | $0 | – | -96,140 | – | -0.14% | – |
| FRN | Exit | GUGGENHEIM FRONTIER MARKETS ETFgugg frntr mkt | $0 | – | -175,000 | – | -0.18% | – |
| EPHE | Exit | ISHARES MSCI PHILIPPINES INVESTABLE MARKmsci philips etf | $0 | – | -97,071 | – | -0.28% | – |
| GREK | Exit | GLOBAL X FTSE GREECE 20 ETFftse greece 20 | $0 | – | -1,077,658 | – | -0.83% | – |
Q2 2015
Q4 2014
Q3 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Buy | TEMPLETON DRAGON FUND | $240,119,000 | +1.6% | 9,310,542 | +1.8% | 15.89% | -7.4% |
| EWZ | Buy | ISHARES MSCI BRAZIL- USmsci brz cap etf | $126,511,000 | +22.3% | 2,908,640 | +34.3% | 8.37% | +11.5% |
| KF | Buy | KOREA FUND | $86,806,000 | +2.6% | 2,093,717 | +5.8% | 5.74% | -6.5% |
| IIF | Buy | MS INDIA INVESTMENT | $79,224,000 | +9.5% | 3,185,508 | +1.9% | 5.24% | -0.2% |
| IFN | Buy | INDIA FUND INC | $68,632,000 | +8.0% | 2,533,011 | +1.1% | 4.54% | -1.6% |
| EWY | Buy | ISHARES MSCI KOREAmsci sth kor cap | $68,443,000 | +34.6% | 1,131,379 | +44.7% | 4.53% | +22.7% |
| LAQ | Buy | ABERDEEN LATIN AMERICA EQUITY | $68,100,000 | -2.1% | 2,482,248 | +6.4% | 4.51% | -10.8% |
| EWT | Buy | ISHARES MSCI TAIWANmsci taiwan | $56,888,000 | +140.5% | 3,724,269 | +148.8% | 3.76% | +119.2% |
| EEM | Buy | ISHARES MSCI EMERGING MARKETS INDEXmsci emg mkt etf | $55,174,000 | +78.1% | 1,327,106 | +85.2% | 3.65% | +62.3% |
| ABE | Buy | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $52,577,000 | +4.9% | 3,781,187 | +8.2% | 3.48% | -4.4% |
| TWN | Buy | TAIWAN FUND | $49,549,000 | -1.3% | 2,629,272 | +7.2% | 3.28% | -10.1% |
| CEE | Sell | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $48,492,000 | -28.9% | 1,953,735 | -16.1% | 3.21% | -35.2% |
| APB | Buy | ASIA PACIFIC FUND | $47,663,000 | +7.0% | 4,203,128 | +4.3% | 3.15% | -2.5% |
| TTF | Buy | THAI FUND INC. | $44,208,000 | +37.2% | 3,599,966 | +25.4% | 2.92% | +25.1% |
| JFC | Buy | JPMORGAN CHINA REGION FUND INC | $41,682,000 | +2.6% | 2,753,983 | +3.1% | 2.76% | -6.5% |
| MSF | Buy | MS EMERGING MARKETS | $33,043,000 | +13.0% | 2,131,820 | +16.9% | 2.19% | +3.0% |
| KEF | Buy | KOREA EQUITY | $31,292,000 | +0.2% | 3,779,220 | +6.9% | 2.07% | -8.7% |
| CHN | Buy | CHINA FUND INC. | $29,785,000 | +38.4% | 1,428,872 | +40.6% | 1.97% | +26.1% |
| LDF | Buy | LATIN AMERICAN DISCOVERY | $27,773,000 | +1.5% | 2,113,628 | +6.2% | 1.84% | -7.5% |
| IF | Buy | ABERDEEN INDONESIA FUND INC | $26,879,000 | +8.5% | 2,827,841 | +8.4% | 1.78% | -1.1% |
| MXE | Buy | MEXICO EQUITY & INCOME FUND INC | $24,259,000 | +9.2% | 1,472,002 | +6.6% | 1.60% | -0.5% |
| RNE | Buy | MS EASTERN EUROPE FUND | $22,553,000 | -15.6% | 1,439,269 | +0.5% | 1.49% | -23.1% |
| GCH | Buy | ABERDEEN GREATER CHINA FUND INC | $20,832,000 | +30.8% | 2,008,915 | +31.9% | 1.38% | +19.2% |
| PAM | Sell | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $20,293,000 | -21.5% | 1,901,015 | -28.0% | 1.34% | -28.4% |
| APF | Buy | MS ASIA PACIFIC | $16,425,000 | +132.9% | 1,005,790 | +138.4% | 1.09% | +112.3% |
| GRR | Buy | ASIA TIGERS FUND INC. | $10,030,000 | +21.9% | 844,603 | +24.0% | 0.66% | +11.0% |
| EWW | New | ISHARES MSCI MEXICOmsci mex cap etf | $9,634,000 | – | 140,158 | – | 0.64% | – |
| EPHE | New | ISHARES MSCI PHILIPPINES INVESTABLE MARKmsci philips etf | $8,128,000 | – | 213,384 | – | 0.54% | – |
| AAXJ | Sell | ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN Imsci ac asia etf | $7,668,000 | -34.0% | 125,000 | -32.6% | 0.51% | -39.9% |
| TRF | Sell | TEMPLETON RUSSIA FUND | $6,210,000 | -53.5% | 493,069 | -43.8% | 0.41% | -57.6% |
| EMF | New | TEMPLETON EMERGING MARKETS FD | $6,075,000 | – | 342,133 | – | 0.40% | – |
| FEO | Buy | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $5,342,000 | +124.8% | 299,834 | +141.6% | 0.35% | +105.2% |
| VWO | Sell | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $5,225,000 | -77.7% | 125,215 | -76.9% | 0.35% | -79.6% |
| TY | Sell | TRI CONTINENTAL CORP. | $3,996,000 | -14.9% | 191,659 | -14.2% | 0.26% | -22.6% |
| GAM | Sell | GENERAL AMERICAN INVESTORS | $3,627,000 | -1.3% | 97,911 | -1.9% | 0.24% | -10.1% |
| ADX | Sell | ADAMS EXPRESS CO. | $3,444,000 | -12.7% | 246,950 | -13.8% | 0.23% | -20.3% |
| SGF | Buy | ABERDEEN SINGAPORE FUND INC | $3,353,000 | +53.9% | 269,989 | +62.1% | 0.22% | +40.5% |
| PEO | Sell | PETROLEUM & RES CORP | $2,352,000 | -14.8% | 81,739 | -7.8% | 0.16% | -22.4% |
| JQC | Buy | NUVEEN CREDIT STRATEGIES INCOME FUND | $2,288,000 | +107.1% | 256,329 | +116.6% | 0.15% | +88.8% |
| MVC | Buy | MVC CAPITAL INC | $1,835,000 | +74.4% | 170,629 | +110.2% | 0.12% | +59.2% |
| VALEP | Buy | CIA VALE DO RIO DOCE PN ADRadr | $1,755,000 | +228.0% | 181,000 | +302.2% | 0.12% | +197.4% |
| PMO | Buy | PUTNAM MUNICIPAL OPPORTUNITIES TRUST | $1,736,000 | +65.2% | 148,346 | +65.7% | 0.12% | +51.3% |
| ZF | Sell | ZWEIG FUND INC | $1,712,000 | -22.0% | 112,681 | -19.6% | 0.11% | -28.9% |
| ASA | New | ASA GOLD AND PRECIOUS METALS LTD | $1,572,000 | – | 133,929 | – | 0.10% | – |
| JEQ | Buy | ABERDEEN JAPAN EQUITY FUND INC | $1,484,000 | +11.9% | 209,017 | +12.2% | 0.10% | +2.1% |
| EDD | Buy | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $1,433,000 | -6.7% | 121,320 | +5.2% | 0.10% | -15.2% |
| RFI | Buy | COHEN & STEERS TOTAL RETURN REALTY FUND | $1,405,000 | +200.9% | 117,652 | +212.5% | 0.09% | +173.5% |
| SWZ | Buy | SWISS HELVETIA FUND INC | $1,287,000 | -6.6% | 95,004 | +0.5% | 0.08% | -15.0% |
| SVVC | Sell | FIRSTHAND TECHNOLOGY VALUE FUND INC | $1,144,000 | +7.7% | 47,500 | -5.0% | 0.08% | -1.3% |
| IAF | New | ABERDEEN AUSTRALIA EQUITY FUND | $1,051,000 | – | 134,882 | – | 0.07% | – |
| PDI | New | PIMCO DYNAMIC INCOME FUND | $993,000 | – | 31,477 | – | 0.07% | – |
| RNP | Sell | COHEN & STEERS REIT AND PREFERRED INCOME | $861,000 | -29.0% | 49,335 | -26.8% | 0.06% | -35.2% |
| NRO | Buy | NEUBERGER BERMAN REAL ESTATE SECURITIES | $868,000 | +13.6% | 180,180 | +17.9% | 0.06% | +3.6% |
| BWG | New | LEGG MASON BW GLOBAL INCOME OPPORTUNITIE | $847,000 | – | 50,000 | – | 0.06% | – |
| HTD | New | JOHN HANCOCK TAX-ADVANTAGED DIVIDEND INC | $838,000 | – | 40,700 | – | 0.06% | – |
| JGV | Sell | NUVEEN GLOBAL EQUITY INCOME FUND | $830,000 | -53.4% | 61,976 | -48.7% | 0.06% | -57.4% |
| GULF | New | WISDOMTREE ME DIV FUNDmid east divd | $783,000 | – | 32,472 | – | 0.05% | – |
| UAE | New | ISHARES MSCI UAE CAPPED ETFmsci uae etf | $737,000 | – | 30,000 | – | 0.05% | – |
| DMO | New | WESTERN ASSET MORTGAGE DEFINED OPPORTUNI | $710,000 | – | 29,660 | – | 0.05% | – |
| PCI | New | PIMCO DYNAMIC CREDIT INCOME | $705,000 | – | 31,360 | – | 0.05% | – |
| GHI | New | GLOBAL HIGH INCOME FUND INC | $712,000 | – | 74,000 | – | 0.05% | – |
| GLV | New | CLOUGH GLOBAL ALLOCATION FUND | $702,000 | – | 49,065 | – | 0.05% | – |
| DRA | New | DIVERSIFIED REAL ASSET INCOME TRUST | $685,000 | – | 38,620 | – | 0.04% | – |
| HYI | New | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $613,000 | – | 37,000 | – | 0.04% | – |
| CUBA | Buy | HERZFELD CARIBBEAN BASIN FD | $587,000 | +14.0% | 73,367 | +16.5% | 0.04% | +5.4% |
| NGE | New | GLOBAL X NIGERIA INDEX ETFglobal x fds | $589,000 | – | 40,000 | – | 0.04% | – |
| EVT | New | EATON VANCE TAX-ADV DVD FUND | $571,000 | – | 28,300 | – | 0.04% | – |
| NZF | New | NUVEEN DIVIDEND ADVANTAGE MUNICIPAL FUND | $559,000 | – | 40,771 | – | 0.04% | – |
| BTO | New | JOHN HANCOCK FINANCIAL OPPORTUNITIES FUNsh ben int new | $552,000 | – | 24,887 | – | 0.04% | – |
| VTA | New | INVESCO VAN KAMPEN DYNAMIC CREDIT OPPORT | $511,000 | – | 41,400 | – | 0.03% | – |
| FLC | New | FLAHERTY & CRUMRINE/CLAYMORE TOTAL RETUR | $505,000 | – | 25,615 | – | 0.03% | – |
| NHF | New | NEXPOINT CREDIT STRATEGIES FUND | $505,000 | – | 47,600 | – | 0.03% | – |
| NVG | New | NUVEEN INSURED DIVIDEND ADVANTAGE MUNICI | $438,000 | – | 31,001 | – | 0.03% | – |
| GAB | New | GABELLI EQUITY TRUST | $430,000 | – | 67,200 | – | 0.03% | – |
| PBR | New | PETROLEO BRASILEIRO S.A. PETROBRAS ADRsponsored adr | $355,000 | – | 25,000 | – | 0.02% | – |
| DUC | New | DUFF & PHELPS UTILITY AND CORPORATE BOND | $304,000 | – | 31,129 | – | 0.02% | – |
| SWC | Sell | STILLWATER MINING CO | $256,000 | -67.6% | 17,000 | -62.2% | 0.02% | -70.2% |
| SLW | New | SILVER WHEATON GROUP | $239,000 | – | 12,000 | – | 0.02% | – |
| ACP | New | AVENUE INCOME CREDIT STRATEGIES FUND | $234,000 | – | 14,000 | – | 0.02% | – |
| NQU | New | NUVEEN QUALITY INCOME MUNICIPAL FUND | $150,000 | – | 10,979 | – | 0.01% | – |
| NMA | New | NUVEEN MUNICIPAL ADVANTAGE FUND INC. | $148,000 | – | 10,992 | – | 0.01% | – |
| GABRT | New | GABELLI EQUITY TRUST RIGHTSright 10/20/2014 | $3,000 | – | 60,004 | – | 0.00% | – |
| CFP | Exit | CORNERSTONE PROGRESSIVE RETURN | $0 | – | -19,038 | – | -0.01% | – |
| MHF | Exit | WESTERN ASSET MUNICIPAL HIGH INCOME FUND | $0 | – | -24,521 | – | -0.01% | – |
| FCX | Exit | FREEPORT MC MORAN COPPER B | $0 | – | -8,000 | – | -0.02% | – |
| OASPQ | Exit | OASIS PETROLEUM INC | $0 | – | -6,000 | – | -0.02% | – |
| RSX | Exit | MARKET VECTORS RUSSIA ETFrussia etf | $0 | – | -18,550 | – | -0.04% | – |
| HQL | Exit | H & Q LIFE SCIENCES INVESTORS | $0 | – | -23,670 | – | -0.04% | – |
| FM | Exit | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $0 | – | -15,000 | – | -0.04% | – |
| NIE | Exit | ALLIANZGI EQUITY & CONVERTIBLE INCOME FU | $0 | – | -26,530 | – | -0.04% | – |
| PIN | Exit | POWERSHARES INDIA PORTFOLIOindia port | $0 | – | -37,000 | – | -0.06% | – |
| HQH | Exit | H & Q HEALTHCARE INVESTORS | $0 | – | -42,660 | – | -0.08% | – |
| EXD | Exit | EATON VANCE TAX ADVANTAGE BOND AND OPTIO | $0 | – | -81,647 | – | -0.08% | – |
| VALE | Exit | VALE DO RIO DOCE ON ADRadr | $0 | – | -158,000 | – | -0.15% | – |
| ILF | Exit | ISHARES S&P LATIN AMERICAlatn amer 40 etf | $0 | – | -270,484 | – | -0.75% | – |
Q2 2014
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | New | TEMPLETON DRAGON FUND | $236,372,000 | – | 9,145,753 | – | 17.16% | – |
| EWZ | New | ISHARES MSCI BRAZIL- USmsci brz cap etf | $103,408,000 | – | 2,165,376 | – | 7.51% | – |
| KF | New | KOREA FUND | $84,597,000 | – | 1,979,113 | – | 6.14% | – |
| IIF | New | MS INDIA INVESTMENT | $72,352,000 | – | 3,125,368 | – | 5.25% | – |
| LAQ | New | ABERDEEN LATIN AMERICA EQUITY | $69,585,000 | – | 2,333,885 | – | 5.05% | – |
| CEE | New | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $68,168,000 | – | 2,328,544 | – | 4.95% | – |
| IFN | New | INDIA FUND INC | $63,539,000 | – | 2,505,969 | – | 4.61% | – |
| EWY | New | ISHARES MSCI KOREAmsci sth kor cap | $50,843,000 | – | 781,779 | – | 3.69% | – |
| TWN | New | TAIWAN FUND | $50,223,000 | – | 2,453,504 | – | 3.65% | – |
| ABE | New | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $50,144,000 | – | 3,493,109 | – | 3.64% | – |
| APB | New | ASIA PACIFIC FUND | $44,544,000 | – | 4,031,164 | – | 3.23% | – |
| JFC | New | JPMORGAN CHINA REGION FUND INC | $40,620,000 | – | 2,672,358 | – | 2.95% | – |
| TTF | New | THAI FUND INC. | $32,226,000 | – | 2,870,916 | – | 2.34% | – |
| KEF | New | KOREA EQUITY | $31,227,000 | – | 3,534,501 | – | 2.27% | – |
| EEM | New | ISHARES MSCI EMERGING MARKETS INDEXmsci emg mkt etf | $30,980,000 | – | 716,553 | – | 2.25% | – |
| MSF | New | MS EMERGING MARKETS | $29,251,000 | – | 1,824,201 | – | 2.12% | – |
| LDF | New | LATIN AMERICAN DISCOVERY | $27,354,000 | – | 1,989,362 | – | 1.99% | – |
| RNE | New | MS EASTERN EUROPE FUND | $26,729,000 | – | 1,432,047 | – | 1.94% | – |
| PAM | New | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $25,846,000 | – | 2,638,682 | – | 1.88% | – |
| IF | New | ABERDEEN INDONESIA FUND INC | $24,772,000 | – | 2,607,609 | – | 1.80% | – |
| EWT | New | ISHARES MSCI TAIWANmsci taiwan | $23,658,000 | – | 1,496,852 | – | 1.72% | – |
| VWO | New | VANGUARD EMERGING MARKETS ETFftse emr mkt etf | $23,408,000 | – | 542,913 | – | 1.70% | – |
| MXE | New | MEXICO EQUITY & INCOME FUND INC | $22,225,000 | – | 1,380,435 | – | 1.61% | – |
| CHN | New | CHINA FUND INC. | $21,528,000 | – | 1,016,445 | – | 1.56% | – |
| GCH | New | ABERDEEN GREATER CHINA FUND INC | $15,924,000 | – | 1,523,100 | – | 1.16% | – |
| TRF | New | TEMPLETON RUSSIA FUND | $13,357,000 | – | 877,046 | – | 0.97% | – |
| AAXJ | New | ISHARES MSCI ALL COUNTRY ASIA EX-JAPAN Imsci ac asia etf | $11,626,000 | – | 185,468 | – | 0.84% | – |
| ILF | New | ISHARES S&P LATIN AMERICAlatn amer 40 etf | $10,349,000 | – | 270,484 | – | 0.75% | – |
| GRR | New | ASIA TIGERS FUND INC. | $8,231,000 | – | 681,058 | – | 0.60% | – |
| APF | New | MS ASIA PACIFIC | $7,051,000 | – | 421,941 | – | 0.51% | – |
| TY | New | TRI CONTINENTAL CORP. | $4,693,000 | – | 223,484 | – | 0.34% | – |
| ADX | New | ADAMS EXPRESS CO. | $3,944,000 | – | 286,541 | – | 0.29% | – |
| GAM | New | GENERAL AMERICAN INVESTORS | $3,675,000 | – | 99,811 | – | 0.27% | – |
| CET | New | CENTRAL SECS CORP | $3,052,000 | – | 130,148 | – | 0.22% | – |
| PEO | New | PETROLEUM & RES CORP | $2,762,000 | – | 88,606 | – | 0.20% | – |
| FEO | New | FIRST TRUST/ABERDEEN EM OPPORTUNITY FUND | $2,376,000 | – | 124,101 | – | 0.17% | – |
| ZF | New | ZWEIG FUND INC | $2,196,000 | – | 140,182 | – | 0.16% | – |
| SGF | New | ABERDEEN SINGAPORE FUND INC | $2,178,000 | – | 166,557 | – | 0.16% | – |
| VALE | New | VALE DO RIO DOCE ON ADRadr | $2,091,000 | – | 158,000 | – | 0.15% | – |
| JGV | New | NUVEEN GLOBAL EQUITY INCOME FUND | $1,781,000 | – | 120,761 | – | 0.13% | – |
| USA | New | LIBERTY ALL STAR EQUITY FUNDsh ben int | $1,713,000 | – | 284,790 | – | 0.12% | – |
| ISL | New | ABERDEEN FIRST ISRAEL FUND | $1,590,000 | – | 88,652 | – | 0.12% | – |
| EDD | New | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $1,536,000 | – | 115,270 | – | 0.11% | – |
| SWZ | New | SWISS HELVETIA FUND INC | $1,378,000 | – | 94,504 | – | 0.10% | – |
| JEQ | New | ABERDEEN JAPAN EQUITY FUND INC | $1,326,000 | – | 186,217 | – | 0.10% | – |
| BTF | New | BOULDER TOTAL RETURN FUND | $1,280,000 | – | 49,987 | – | 0.09% | – |
| ERC | New | WELLS FARGO ADVANTAGE MULTI-SECTOR INCOM | $1,218,000 | – | 81,871 | – | 0.09% | – |
| RNP | New | COHEN & STEERS REIT AND PREFERRED INCOME | $1,213,000 | – | 67,425 | – | 0.09% | – |
| EVG | New | EATON VANCE SHORT DURATION DIVERSIFIED I | $1,186,000 | – | 77,500 | – | 0.09% | – |
| HQH | New | H & Q HEALTHCARE INVESTORS | $1,126,000 | – | 42,660 | – | 0.08% | – |
| EXD | New | EATON VANCE TAX ADVANTAGE BOND AND OPTIO | $1,133,000 | – | 81,647 | – | 0.08% | – |
| JQC | New | NUVEEN CREDIT STRATEGIES INCOME FUND | $1,105,000 | – | 118,329 | – | 0.08% | – |
| SVVC | New | FIRSTHAND TECHNOLOGY VALUE FUND INC | $1,062,000 | – | 50,000 | – | 0.08% | – |
| PPT | New | PUTNAM PREMIER INCOME TRUST | $1,050,000 | – | 189,000 | – | 0.08% | – |
| MVC | New | MVC CAPITAL INC | $1,052,000 | – | 81,167 | – | 0.08% | – |
| PMO | New | PUTNAM MUNICIPAL OPPORTUNITIES TRUST | $1,051,000 | – | 89,500 | – | 0.08% | – |
| PIM | New | PUTNAM MASTER INTERMEDIATE INCOME TRUST | $963,000 | – | 187,100 | – | 0.07% | – |
| PIN | New | POWERSHARES INDIA PORTFOLIOindia port | $799,000 | – | 37,000 | – | 0.06% | – |
| SWC | New | STILLWATER MINING CO | $790,000 | – | 45,000 | – | 0.06% | – |
| NRO | New | NEUBERGER BERMAN REAL ESTATE SECURITIES | $764,000 | – | 152,880 | – | 0.06% | – |
| NIE | New | ALLIANZGI EQUITY & CONVERTIBLE INCOME FU | $536,000 | – | 26,530 | – | 0.04% | – |
| FM | New | ISHARES MSCI FRONTIER 100 ETFmsci frntr100etf | $543,000 | – | 15,000 | – | 0.04% | – |
| VALEP | New | CIA VALE DO RIO DOCE PN ADRadr | $535,000 | – | 45,000 | – | 0.04% | – |
| CUBA | New | HERZFELD CARIBBEAN BASIN FD | $515,000 | – | 63,000 | – | 0.04% | – |
| HQL | New | H & Q LIFE SCIENCES INVESTORS | $492,000 | – | 23,670 | – | 0.04% | – |
| RSX | New | MARKET VECTORS RUSSIA ETFrussia etf | $489,000 | – | 18,550 | – | 0.04% | – |
| RFI | New | COHEN & STEERS TOTAL RETURN REALTY FUND | $467,000 | – | 37,652 | – | 0.03% | – |
| PMM | New | PUTNAM MANAGED MUNICIPAL INCOME TRUST | $359,000 | – | 50,000 | – | 0.03% | – |
| SCCO | New | SOUTHERN COPPER CORP. | $365,000 | – | 12,000 | – | 0.03% | – |
| OASPQ | New | OASIS PETROLEUM INC | $335,000 | – | 6,000 | – | 0.02% | – |
| FCX | New | FREEPORT MC MORAN COPPER B | $292,000 | – | 8,000 | – | 0.02% | – |
| MHF | New | WESTERN ASSET MUNICIPAL HIGH INCOME FUND | $182,000 | – | 24,521 | – | 0.01% | – |
| BIF | New | BOULDER GROWTH AND INCOME FUND | $107,000 | – | 12,600 | – | 0.01% | – |
| CFP | New | CORNERSTONE PROGRESSIVE RETURN | $87,000 | – | 19,038 | – | 0.01% | – |
Q4 2013
Q3 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | Sell | TEMPLETON DRAGON FUND | $240,118,000 | +0.9% | 9,245,960 | -1.8% | 21.89% | +4.8% |
| CEE | Sell | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $105,561,000 | +2.2% | 3,225,196 | -6.9% | 9.62% | +6.1% |
| TTF | Sell | THAI FUND INC. | $78,465,000 | -18.7% | 3,868,136 | -13.4% | 7.15% | -15.5% |
| KF | Sell | KOREA FUND | $74,318,000 | +6.7% | 1,888,877 | -5.5% | 6.77% | +10.8% |
| LAQ | Buy | ABERDEEN LATIN AMERICA EQUITY | $68,337,000 | +5.8% | 2,139,542 | +3.6% | 6.23% | +9.8% |
| IIF | Buy | MS INDIA INVESTMENT | $66,431,000 | +8.4% | 4,306,718 | +9.5% | 6.06% | +12.6% |
| IFN | Sell | INDIA FUND INC | $65,755,000 | -4.2% | 3,418,514 | -3.1% | 5.99% | -0.5% |
| ABE | Buy | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $62,345,000 | -0.3% | 3,176,817 | +0.6% | 5.68% | +3.6% |
| TWN | Buy | TAIWAN FUND | $39,018,000 | +11.3% | 2,155,714 | +0.7% | 3.56% | +15.6% |
| JFC | Buy | JF CHINA REGIONAL | $35,353,000 | +11.1% | 2,402,523 | +0.1% | 3.22% | +15.4% |
| APB | Buy | ASIA PACIFIC FUND | $32,413,000 | +9.1% | 3,169,989 | +8.2% | 2.96% | +13.3% |
| KEF | Buy | KOREA EQUITY | $25,081,000 | +18.4% | 2,856,649 | +6.7% | 2.29% | +23.0% |
| RNE | Buy | MS EASTERN EUROPE FUND | $24,218,000 | +17.3% | 1,279,012 | +0.3% | 2.21% | +21.8% |
| MSF | Sell | MS EMERGING MARKETS | $22,120,000 | -9.8% | 1,449,051 | -14.5% | 2.02% | -6.4% |
| IF | Buy | ABERDEEN INDONESIA FUND INC | $21,506,000 | -7.3% | 2,153,860 | +9.9% | 1.96% | -3.8% |
| LDF | Buy | LATIN AMERICAN DISCOVERY | $21,171,000 | +9.3% | 1,513,854 | +5.3% | 1.93% | +13.5% |
| PAM | Sell | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $19,363,000 | +19.1% | 3,530,215 | -27.2% | 1.76% | +23.6% |
| MXE | Buy | MEXICO EQUITY & INCOME FUND INC | $18,027,000 | +12.5% | 1,158,541 | +11.8% | 1.64% | +16.9% |
| ASA | Sell | ASA GOLD AND PRECIOUS METALS LTD | $11,938,000 | -37.7% | 902,708 | -39.6% | 1.09% | -35.3% |
| TRF | Buy | TEMPLETON RUSSIA FUND | $10,202,000 | +15.8% | 686,092 | +7.0% | 0.93% | +20.3% |
| CHN | Buy | CHINA FUND INC. | $5,318,000 | +106.7% | 242,962 | +89.9% | 0.48% | +114.6% |
| EWY | Sell | ISHARES MSCI KOREAmsci sth kor cap | $4,641,000 | -57.2% | 74,352 | -63.1% | 0.42% | -55.5% |
| EWT | Sell | ISHARES MSCI TAIWANmsci taiwan | $4,633,000 | -66.5% | 326,957 | -68.4% | 0.42% | -65.2% |
| ADX | Buy | ADAMS EXPRESS CO. | $3,323,000 | +4.9% | 266,405 | +0.8% | 0.30% | +9.0% |
| GAM | Buy | GENERAL AMERICAN INVESTORS | $3,254,000 | +8.5% | 94,585 | +0.8% | 0.30% | +12.9% |
| TKF | Buy | TURKISH INVESTMENT FUND INC. | $2,414,000 | +22.0% | 154,821 | +24.7% | 0.22% | +26.4% |
| VALE | Buy | VALE DO RIO DOCE ON ADRadr | $2,100,000 | +76.3% | 135,000 | +50.0% | 0.19% | +81.9% |
| EEM | New | ISHARES MSCI EMERGING MARKETS INDEXmsci emg mkt etf | $1,954,000 | – | 47,000 | – | 0.18% | – |
| USA | Buy | LIBERTY ALL STAR EQUITY FUNDsh ben int | $1,631,000 | +17.1% | 296,808 | +11.4% | 0.15% | +22.1% |
| ZF | Buy | ZWEIG FUND INC | $1,122,000 | +12.0% | 82,685 | +6.6% | 0.10% | +15.9% |
| IXN | New | ISHARES S&P GLOBAL TECHNOLOGY SECTOR INDglobal tech etf | $1,088,000 | – | 14,400 | – | 0.10% | – |
| RNP | Buy | COHEN & STEERS REIT AND PREFERRED INCOME | $1,047,000 | +38.9% | 66,525 | +53.2% | 0.10% | +43.9% |
| BTF | Buy | BOULDER TOTAL RETURN FUND | $1,012,000 | +7.7% | 46,287 | +4.8% | 0.09% | +10.8% |
| SGF | Sell | SINGAPORE FUND INC | $978,000 | -23.2% | 74,210 | -24.6% | 0.09% | -20.5% |
| SWZ | New | SWISS HELVETIA FUND INC | $827,000 | – | 57,683 | – | 0.08% | – |
| DDF | Buy | DELAWARE INVESTMENTS DIVIDEND AND INCOME | $572,000 | +28.0% | 64,022 | +27.6% | 0.05% | +33.3% |
| GRR | Buy | ASIA TIGERS FUND INC. | $529,000 | +16.0% | 44,845 | +13.8% | 0.05% | +20.0% |
| FCX | Sell | FREEPORT MC MORAN COPPER B | $494,000 | -12.7% | 15,000 | -25.0% | 0.04% | -10.0% |
| GDV | New | GABELLI DIV & INCOME TRUST | $470,000 | – | 23,406 | – | 0.04% | – |
| VTA | New | INVESCO VAN KAMPEN DYNAMIC CREDIT OPPORT | $422,000 | – | 32,943 | – | 0.04% | – |
| FAX | Sell | ABERDEEN ASIA PACIFIC | $409,000 | -9.5% | 66,855 | -7.1% | 0.04% | -7.5% |
| GLO | New | CLOUGH GLOBAL OPPORTUNITIES FUNDsh ben int | $382,000 | – | 29,537 | – | 0.04% | – |
| EDD | Buy | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $385,000 | +161.9% | 27,165 | +169.0% | 0.04% | +169.2% |
| HYI | Buy | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $384,000 | +50.0% | 21,400 | +49.7% | 0.04% | +59.1% |
| JGV | New | NUVEEN GLOBAL VALUE OPP FUND | $370,000 | – | 28,441 | – | 0.03% | – |
| BNA | New | BLACKROCK INCOME OPPTY TRUST | $378,000 | – | 38,084 | – | 0.03% | – |
| CII | New | BLACKROCK ENHANCED CAPITAL AND INCOME FU | $370,000 | – | 28,365 | – | 0.03% | – |
| NRO | New | NEUBERGER BERMAN REAL ESTATE SECURITIES | $370,000 | – | 80,620 | – | 0.03% | – |
| JTD | New | NUVEEN TAX-ADVANTAGE DIVIDEND GROWTH FUN | $362,000 | – | 24,614 | – | 0.03% | – |
| NHS | Buy | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $367,000 | +118.5% | 28,030 | +117.0% | 0.03% | +120.0% |
| HIO | Buy | WESTERN ASSET HIGH INCOME OPPORTUNITY FU | $367,000 | +37.5% | 61,497 | +37.4% | 0.03% | +43.5% |
| RQI | New | COHEN & STEERS QUALITY INCOME REALTY FUN | $355,000 | – | 35,500 | – | 0.03% | – |
| MES | Buy | MARKET VECTORS GULF STATES ETFgulf sts etf | $318,000 | +26.7% | 12,600 | +22.3% | 0.03% | +31.8% |
| KOG | Sell | KODIAK OIL & GAS CORP | $314,000 | -31.0% | 25,000 | -50.0% | 0.03% | -27.5% |
| IOC | Sell | INTEROIL CORP | $250,000 | -28.0% | 3,500 | -30.0% | 0.02% | -23.3% |
| BRD | Sell | BRIGUS GOLD CORP | $221,000 | -8.3% | 391,878 | -13.0% | 0.02% | -4.8% |
| EVT | Sell | EATON VANCE TAX-ADV DVD FUND | $188,000 | -22.6% | 10,416 | -21.9% | 0.02% | -19.0% |
| ACG | New | ALLIANCE BERNSTEIN INCOME FUND | $70,000 | – | 10,000 | – | 0.01% | – |
| GRXRT | Exit | GABELLI HEALTHCARE & WELLNESSRX RIGHTSright 07/17/2013 | $0 | – | -31,128 | – | -0.00% | – |
| AGD | Exit | ALPINE GLOBAL DYNAMIC DIVIDEND FUND | $0 | – | -13,725 | – | -0.01% | – |
| GNT | Exit | GAMCO NATURAL RESOURCES GOLD & INCOME TRsh ben int | $0 | – | -12,900 | – | -0.01% | – |
| NCV | Exit | ALLIANZGI CONVERTIBLE & INCOME | $0 | – | -19,000 | – | -0.01% | – |
| VMO | Exit | INVESCO MUNICIPAL OPPORTUNITY TRUST | $0 | – | -12,000 | – | -0.01% | – |
| RFI | Exit | COHEN & STEERS TOTAL RETURN REALTY FUND | $0 | – | -12,603 | – | -0.02% | – |
| GULF | Exit | WISDOMTREE ME DIV FUNDmid east divd | $0 | – | -11,000 | – | -0.02% | – |
| HAL | Exit | HALLIBURTON CO | $0 | – | -6,000 | – | -0.02% | – |
| PBR | Exit | PETROLEO BRASILEIRO S.A. PETROBRAS ADRsponsored adr | $0 | – | -19,000 | – | -0.02% | – |
| SWC | Exit | STILLWATER MINING CO | $0 | – | -23,000 | – | -0.02% | – |
| PMM | Exit | PUTNAM MANAGED MUNICIPAL INCOME TRUST | $0 | – | -34,933 | – | -0.02% | – |
| GRX | Exit | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $0 | – | -26,515 | – | -0.02% | – |
| PDI | Exit | PIMCO DYNAMIC INCOME FUND | $0 | – | -9,312 | – | -0.02% | – |
| EMF | Exit | TEMPLETON EMERGING MARKETS FD | $0 | – | -16,370 | – | -0.02% | – |
| EWA | Exit | ISHARES MSCI AUSTRALIA INDEXmsci australia | $0 | – | -13,250 | – | -0.03% | – |
| NQU | Exit | NUVEEN QUALITY INCOME MUNICIPAL FUND | $0 | – | -23,515 | – | -0.03% | – |
| UEC | Exit | URANIUM ENERGY CORP | $0 | – | -159,000 | – | -0.03% | – |
| EWJ | Exit | ISHARES MSCI JAPAN INDEX FUNDmsci japan | $0 | – | -27,735 | – | -0.03% | – |
| JTA | Exit | NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUN | $0 | – | -26,087 | – | -0.03% | – |
| NGD | Exit | NEW GOLD INC | $0 | – | -52,000 | – | -0.03% | – |
| OASPQ | Exit | OASIS PETROLEUM INC | $0 | – | -9,000 | – | -0.03% | – |
| JHS | Exit | JOHN HANCOCK INCOME SECURITIES TRUST | $0 | – | -36,584 | – | -0.05% | – |
| BSP | Exit | AMERICAN STRATEGIC INCOME PORTFOLIO II | $0 | – | -73,100 | – | -0.05% | – |
| BIT | Exit | BLACKROCK MULTI-SECTOR INCOME TRUST | $0 | – | -35,000 | – | -0.05% | – |
| BOI | Exit | BROOKFIELD MORTGAGE OPPORTUNITY INCOME F | $0 | – | -33,500 | – | -0.05% | – |
| AIF | Exit | APOLLO TACTICAL INCOME FUND INC. | $0 | – | -33,896 | – | -0.06% | – |
| AOD | Exit | ALPINE TOTAL DYNAMIC DIVIDEND FUND | $0 | – | -183,757 | – | -0.06% | – |
| SPY | Exit | S&P 500 DEPOSITARY RECEIPTtr unit | $0 | – | -6,568 | – | -0.09% | – |
| EWZ | Exit | ISHARES MSCI BRAZIL- USmsci brazil capp | $0 | – | -959,287 | – | -3.69% | – |
Q2 2013
| Value | Shares | ↓ Weighting | ||||||
|---|---|---|---|---|---|---|---|---|
| TDF | New | TEMPLETON DRAGON FUND | $238,011,000 | – | 9,413,115 | – | 20.89% | – |
| CEE | New | THE CENTRAL EUROPE RUSSIA AND TURKEY FUN | $103,310,000 | – | 3,462,706 | – | 9.07% | – |
| TTF | New | THAI FUND INC. | $96,475,000 | – | 4,467,471 | – | 8.47% | – |
| KF | New | KOREA FUND | $69,665,000 | – | 1,998,140 | – | 6.12% | – |
| IFN | New | INDIA FUND INC | $68,605,000 | – | 3,527,255 | – | 6.02% | – |
| LAQ | New | ABERDEEN LATIN AMERICA EQUITY | $64,621,000 | – | 2,065,554 | – | 5.67% | – |
| ABE | New | ABERDEEN EMERGING MARKETS SMALLER CO OPP | $62,513,000 | – | 3,158,004 | – | 5.49% | – |
| IIF | New | MS INDIA INVESTMENT | $61,281,000 | – | 3,933,331 | – | 5.38% | – |
| EWZ | New | ISHARES MSCI BRAZIL- USmsci brazil capp | $42,022,000 | – | 959,287 | – | 3.69% | – |
| TWN | New | TAIWAN FUND | $35,064,000 | – | 2,140,639 | – | 3.08% | – |
| JFC | New | JF CHINA REGIONAL | $31,815,000 | – | 2,401,110 | – | 2.79% | – |
| APB | New | ASIA PACIFIC FUND | $29,697,000 | – | 2,928,692 | – | 2.61% | – |
| MSF | New | MS EMERGING MARKETS | $24,528,000 | – | 1,693,906 | – | 2.15% | – |
| IF | New | ABERDEEN INDONESIA FUND INC | $23,206,000 | – | 1,959,965 | – | 2.04% | – |
| KEF | New | KOREA EQUITY | $21,182,000 | – | 2,676,144 | – | 1.86% | – |
| RNE | New | MS EASTERN EUROPE FUND | $20,649,000 | – | 1,275,409 | – | 1.81% | – |
| LDF | New | LATIN AMERICAN DISCOVERY | $19,374,000 | – | 1,438,281 | – | 1.70% | – |
| ASA | New | ASA GOLD AND PRECIOUS METALS LTD | $19,148,000 | – | 1,494,157 | – | 1.68% | – |
| PAM | New | PAMPA ENERGIA SA-SPON ADRspons adr lvl i | $16,263,000 | – | 4,847,445 | – | 1.43% | – |
| MXE | New | MEXICO EQUITY & INCOME FUND INC | $16,021,000 | – | 1,036,603 | – | 1.41% | – |
| EWT | New | ISHARES MSCI TAIWANmsci taiwan | $13,836,000 | – | 1,033,663 | – | 1.21% | – |
| EWY | New | ISHARES MSCI KOREAmsci sth kor cap | $10,833,000 | – | 201,345 | – | 0.95% | – |
| TRF | New | TEMPLETON RUSSIA FUND | $8,808,000 | – | 641,037 | – | 0.77% | – |
| TY | New | TRI CONTINENTAL CORP. | $4,134,000 | – | 229,859 | – | 0.36% | – |
| ADX | New | ADAMS EXPRESS CO. | $3,169,000 | – | 264,275 | – | 0.28% | – |
| GAM | New | GENERAL AMERICAN INVESTORS | $2,998,000 | – | 93,863 | – | 0.26% | – |
| CHN | New | CHINA FUND INC. | $2,573,000 | – | 127,959 | – | 0.23% | – |
| CET | New | CENTRAL SECS CORP | $2,368,000 | – | 111,534 | – | 0.21% | – |
| PEO | New | PETROLEUM & RES CORP | $2,128,000 | – | 82,580 | – | 0.19% | – |
| TKF | New | TURKISH INVESTMENT FUND INC. | $1,979,000 | – | 124,167 | – | 0.17% | – |
| USA | New | LIBERTY ALL STAR EQUITY FUNDsh ben int | $1,393,000 | – | 266,532 | – | 0.12% | – |
| SGF | New | SINGAPORE FUND INC | $1,274,000 | – | 98,463 | – | 0.11% | – |
| VALE | New | VALE DO RIO DOCE ON ADRadr | $1,191,000 | – | 90,000 | – | 0.10% | – |
| SPY | New | S&P 500 DEPOSITARY RECEIPTtr unit | $1,059,000 | – | 6,568 | – | 0.09% | – |
| ZF | New | ZWEIG FUND INC | $1,002,000 | – | 77,585 | – | 0.09% | – |
| BTF | New | BOULDER TOTAL RETURN FUND | $940,000 | – | 44,154 | – | 0.08% | – |
| RNP | New | COHEN & STEERS REIT AND PREFERRED INCOME | $754,000 | – | 43,426 | – | 0.07% | – |
| AOD | New | ALPINE TOTAL DYNAMIC DIVIDEND FUND | $725,000 | – | 183,757 | – | 0.06% | – |
| VALEP | New | CIA VALE DO RIO DOCE PN ADRadr | $726,000 | – | 60,000 | – | 0.06% | – |
| AIF | New | APOLLO TACTICAL INCOME FUND INC. | $621,000 | – | 33,896 | – | 0.06% | – |
| BOI | New | BROOKFIELD MORTGAGE OPPORTUNITY INCOME F | $620,000 | – | 33,500 | – | 0.05% | – |
| BIT | New | BLACKROCK MULTI-SECTOR INCOME TRUST | $620,000 | – | 35,000 | – | 0.05% | – |
| BSP | New | AMERICAN STRATEGIC INCOME PORTFOLIO II | $604,000 | – | 73,100 | – | 0.05% | – |
| JHS | New | JOHN HANCOCK INCOME SECURITIES TRUST | $568,000 | – | 36,584 | – | 0.05% | – |
| FCX | New | FREEPORT MC MORAN COPPER B | $566,000 | – | 20,000 | – | 0.05% | – |
| KOG | New | KODIAK OIL & GAS CORP | $455,000 | – | 50,000 | – | 0.04% | – |
| GRR | New | ASIA TIGERS FUND INC. | $456,000 | – | 39,414 | – | 0.04% | – |
| FAX | New | ABERDEEN ASIA PACIFIC | $452,000 | – | 71,986 | – | 0.04% | – |
| DDF | New | DELAWARE INVESTMENTS DIVIDEND AND INCOME | $447,000 | – | 50,167 | – | 0.04% | – |
| SCCO | New | SOUTHERN COPPER CORP. | $387,000 | – | 14,000 | – | 0.03% | – |
| DVM | New | COHEN & STEERS DIVIDEND MAJORS FUND | $362,000 | – | 25,172 | – | 0.03% | – |
| GDO | New | WESTERN ASSET GLOBAL CORPORATE | $367,000 | – | 20,120 | – | 0.03% | – |
| OASPQ | New | OASIS PETROLEUM INC | $357,000 | – | 9,000 | – | 0.03% | – |
| IOC | New | INTEROIL CORP | $347,000 | – | 5,000 | – | 0.03% | – |
| NGD | New | NEW GOLD INC | $337,000 | – | 52,000 | – | 0.03% | – |
| JTA | New | NUVEEN TAX-ADV TOTAL RETURN STRATEGY FUN | $327,000 | – | 26,087 | – | 0.03% | – |
| EWJ | New | ISHARES MSCI JAPAN INDEX FUNDmsci japan | $315,000 | – | 27,735 | – | 0.03% | – |
| NQU | New | NUVEEN QUALITY INCOME MUNICIPAL FUND | $319,000 | – | 23,515 | – | 0.03% | – |
| UEC | New | URANIUM ENERGY CORP | $316,000 | – | 159,000 | – | 0.03% | – |
| EWA | New | ISHARES MSCI AUSTRALIA INDEXmsci australia | $298,000 | – | 13,250 | – | 0.03% | – |
| EMF | New | TEMPLETON EMERGING MARKETS FD | $289,000 | – | 16,370 | – | 0.02% | – |
| SLW | New | SILVER WHEATON GROUP | $282,000 | – | 14,000 | – | 0.02% | – |
| PDI | New | PIMCO DYNAMIC INCOME FUND | $269,000 | – | 9,312 | – | 0.02% | – |
| HIO | New | WESTERN ASSET HIGH INCOME OPPORTUNITY FU | $267,000 | – | 44,746 | – | 0.02% | – |
| GRX | New | GABELLI HEALTHCARE AND WELLNESSRX TRUST | $262,000 | – | 26,515 | – | 0.02% | – |
| MES | New | MARKET VECTORS GULF STATES ETFgulf sts etf | $251,000 | – | 10,300 | – | 0.02% | – |
| PBR | New | PETROLEO BRASILEIRO S.A. PETROBRAS ADRsponsored adr | $253,000 | – | 19,000 | – | 0.02% | – |
| PMM | New | PUTNAM MANAGED MUNICIPAL INCOME TRUST | $254,000 | – | 34,933 | – | 0.02% | – |
| HAL | New | HALLIBURTON CO | $255,000 | – | 6,000 | – | 0.02% | – |
| SWC | New | STILLWATER MINING CO | $249,000 | – | 23,000 | – | 0.02% | – |
| HYI | New | WESTERN ASSET HIGH YIELD DEFINED OPPORTU | $256,000 | – | 14,300 | – | 0.02% | – |
| BRD | New | BRIGUS GOLD CORP | $241,000 | – | 450,377 | – | 0.02% | – |
| EVT | New | EATON VANCE TAX-ADV DVD FUND | $243,000 | – | 13,338 | – | 0.02% | – |
| ISL | New | ABERDEEN FIRST ISRAEL FUND | $202,000 | – | 13,964 | – | 0.02% | – |
| GULF | New | WISDOMTREE ME DIV FUNDmid east divd | $190,000 | – | 11,000 | – | 0.02% | – |
| NHS | New | NEUBERGER BERMAN HIGH YIELD STRATEGIES F | $168,000 | – | 12,920 | – | 0.02% | – |
| RFI | New | COHEN & STEERS TOTAL RETURN REALTY FUND | $169,000 | – | 12,603 | – | 0.02% | – |
| VMO | New | INVESCO MUNICIPAL OPPORTUNITY TRUST | $155,000 | – | 12,000 | – | 0.01% | – |
| NCV | New | ALLIANZGI CONVERTIBLE & INCOME | $159,000 | – | 19,000 | – | 0.01% | – |
| EDD | New | MORGAN STANLEY EMERGING MARKETS DOMESTIC | $147,000 | – | 10,100 | – | 0.01% | – |
| GNT | New | GAMCO NATURAL RESOURCES GOLD & INCOME TRsh ben int | $139,000 | – | 12,900 | – | 0.01% | – |
| AGD | New | ALPINE GLOBAL DYNAMIC DIVIDEND FUND | $63,000 | – | 13,725 | – | 0.01% | – |
| GRXRT | New | GABELLI HEALTHCARE & WELLNESSRX RIGHTSright 07/17/2013 | $6,000 | – | 31,128 | – | 0.00% | – |