# EDGAR Filing Document

**Accession Number:** 0001316187
**File Stem:** 0001062993-25-012879
**Filing Date:** 2025-7
**Character Count:** 16620
**Document Hash:** a361eb46f6ee025bba276d1ffaa61ac3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-25-012879.hdr.sgml**: 20250715

**ACCESSION NUMBER**: 0001062993-25-012879

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250715

**DATE AS OF CHANGE**: 20250715

**EFFECTIVENESS DATE**: 20250715

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ABSOLUTE INVESTMENT ADVISERS, LLC
- **CENTRAL INDEX KEY:** 0001316187

**ORGANIZATION NAME:**
- **EIN:** 201269668
- **STATE OF INCORPORATION:** FL
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-21391
- **FILM NUMBER:** 251125650

**BUSINESS ADDRESS:**
- **STREET 1:** 82 SOUTH BARRETT SQUARE
- **STREET 2:** SUITE 2G
- **CITY:** ROSEMARY BEACH
- **STATE:** FL
- **ZIP:** 32461
- **BUSINESS PHONE:** 781-740-1904

**MAIL ADDRESS:**
- **STREET 1:** PO BOX 611132
- **CITY:** ROSEMARY BEACH
- **STATE:** FL
- **ZIP:** 32461

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ABSOLUTE INVESTMENT ADVISERS LLC
- **DATE OF NAME CHANGE:** 20050201

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** ABSOLUTE INVESTMENT ADVISERS LLC<br>**Address:** PO BOX 611132<br>ROSEMARY BEACH, FL 32461

**Form 13F File Number:** 028-21391

**CRD Number (if applicable):** 000132439

**SEC File Number (if applicable):** 801-63488

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Eric C Hage<br>**Title:** Portfolio Manager<br>**Phone:** 203.423.8029

**Signature, Place, and Date of Signing:**

ERIC C. HAGE  Wilton, CT  07-14-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[ ] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[x] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 115

**Form 13F Information Table Value Total:** $808398100

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

|   No. | Name      | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Quarry LP | 028-22988              |    000323449 | 801-128474        |

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| AMC NETWORKS INC | NOTE 4.250% 2/1 | 00164VAJ2 |  | 4541306 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| ACCURAY INC DEL | NOTE 3.750% 6/0 | 004397AK1 |  | 4516025 | 4700000 | SH |  | SOLE |  | 4700000 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 11994142 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 13066362 | 13790000 | SH |  | SOLE |  | 13790000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 1/1 | 011642AB1 |  | 9702241 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 2.250% 6/0 | 011642AD7 |  | 6402055 | 6600000 | SH |  | SOLE |  | 6600000 | 0 | 0 |
| ALPHATEC HLDGS INC | NOTE 0.750% 8/0 | 02081GAB8 |  | 4463474 | 4512000 | SH |  | SOLE |  | 4512000 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 | 03823UAE2 |  | 8752500 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| BANDWIDTH INC | NOTE 0.500% 4/0 | 05988JAD5 |  | 6550000 | 7840000 | SH |  | SOLE |  | 7840000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 |  | 11790354 | 12500000 | SH |  | SOLE |  | 12500000 | 0 | 0 |
| BLACKLINE INC | NOTE 1.000% 6/0 | 09239BAF6 |  | 12752389 | 12000000 | SH |  | SOLE |  | 12000000 | 0 | 0 |
| BOX INC | NOTE 1/1 | 10316TAB0 |  | 6679058 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| CSG SYS INTL INC | NOTE 3.875% 9/1 | 126349AH2 |  | 9024000 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| CENTURY ALUM CO | NOTE 2.750% 5/0 | 156431AQ1 |  | 6692410 | 5650000 | SH |  | SOLE |  | 5650000 | 0 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 12478743 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| CIPHER MINING INC | NOTE 1.750% 5/1 | 17253JAA4 |  | 2570100 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| ENOVIS CORPORATION | NOTE 3.875%10/1 | 194014AB2 |  | 9866271 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| CONFLUENT INC | NOTE 1/1 | 20717MAB9 |  | 11233910 | 12077000 | SH |  | SOLE |  | 12077000 | 0 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 9478892 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| DROPBOX INC | NOTE 3/0 | 26210CAC8 |  | 10892710 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| ENCORE CAP GROUP INC | NOTE 4.000% 3/1 | 292554AP7 |  | 10626098 | 11250000 | SH |  | SOLE |  | 11250000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 11186155 | 11725000 | SH |  | SOLE |  | 11725000 | 0 | 0 |
| FIVE9 INC | NOTE 1.000% 3/1 | 338307AF8 |  | 6118553 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| FIVERR INTL LTD | NOTE 11/0 | 33835LAA3 |  | 12724785 | 13000000 | SH |  | SOLE |  | 13000000 | 0 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 18225022 | 13889000 | SH |  | SOLE |  | 13889000 | 0 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 13647674 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 8476700 | 9468000 | SH |  | SOLE |  | 9468000 | 0 | 0 |
| GOPRO INC | NOTE 1.250%11/1 | 38268TAD5 |  | 5382890 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| GOSSAMER BIO INC | NOTE 5.000% 6/0 | 38341PAA0 |  | 775500 | 1500000 | SH |  | SOLE |  | 1500000 | 0 | 0 |
| GRANITE CONSTR INC | NOTE 3.250% 6/1 | 387328AF4 |  | 20470476 | 15000000 | SH |  | SOLE |  | 15000000 | 0 | 0 |
| GREEN PLAINS INC | NOTE 2.250% 3/1 | 393222AK0 |  | 5008180 | 5900000 | SH |  | SOLE |  | 5900000 | 0 | 0 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 13577674 | 12795000 | SH |  | SOLE |  | 12795000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 |  | 15947473 | 14000000 | SH |  | SOLE |  | 14000000 | 0 | 0 |
| IMAX CORP | NOTE 0.500% 4/0 | 45245EAJ8 |  | 6715967 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| INOTIV INC | NOTE 3.250%10/1 | 45783QAB6 |  | 474754 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| ITRON INC | NOTE 3/1 | 465741AN6 |  | 7913491 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 |  | 9507665 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 6070537 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| LCI INDS | NOTE 1.125% 5/1 | 501812AB7 |  | 6964042 | 7217000 | SH |  | SOLE |  | 7217000 | 0 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 13453390 | 10579000 | SH |  | SOLE |  | 10579000 | 0 | 0 |
| LIVANOVA PLC | NOTE 2.500% 3/1 | 53802LAB8 |  | 8085316 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500%12/1 | 55024UAD1 |  | 1170310 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| LUMENTUM HLDGS INC | NOTE 0.500% 6/1 | 55024UAF6 |  | 4593840 | 4450000 | SH |  | SOLE |  | 4450000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 12139695 | 12268000 | SH |  | SOLE |  | 12268000 | 0 | 0 |
| MAGNITE INC | NOTE 0.250% 3/1 | 55955DAB6 |  | 7234365 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| MANNKIND CORP | NOTE 2.500% 3/0 | 56400PAQ5 |  | 4329760 | 4300000 | SH |  | SOLE |  | 4300000 | 0 | 0 |
| MESA LABS INC | NOTE 1.375% 8/1 | 59064RAA7 |  | 5907225 | 5982000 | SH |  | SOLE |  | 5982000 | 0 | 0 |
| MIDDLEBY CORP | NOTE 1.000% 9/0 | 596278AB7 |  | 11902616 | 10600000 | SH |  | SOLE |  | 10600000 | 0 | 0 |
| NCL CORP LTD | NOTE 1.125% 2/1 | 62886HBD2 |  | 10298955 | 10500000 | SH |  | SOLE |  | 10500000 | 0 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 7829907 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 12152406 | 13168000 | SH |  | SOLE |  | 13168000 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | NOTE 2.500% 7/1 | 686688AB8 |  | 15336319 | 14000000 | SH |  | SOLE |  | 14000000 | 0 | 0 |
| PACIRA BIOSCIENCES INC | NOTE 2.125% 5/1 | 695127AJ9 |  | 6840434 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| PAGERDUTY INC | NOTE 1.500%10/1 | 69553PAD2 |  | 9544135 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 10681120 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 16325738 | 10949000 | SH |  | SOLE |  | 10949000 | 0 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 8554462 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 1.000% 4/1 | 743312AB6 |  | 6364277 | 5350000 | SH |  | SOLE |  | 5350000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 13890000 | 12000000 | SH |  | SOLE |  | 12000000 | 0 | 0 |
| Q2 HLDGS INC | NOTE 0.125%11/1 | 74736LAF6 |  | 3932885 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| RAPID7 INC | NOTE 0.250% 3/1 | 753422AF1 |  | 7492545 | 8123000 | SH |  | SOLE |  | 8123000 | 0 | 0 |
| REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 |  | 2647125 | 2925000 | SH |  | SOLE |  | 2925000 | 0 | 0 |
| REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 |  | 5944309 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| SSR MINING IN | NOTE 2.500% 4/0 | 784730AB9 |  | 6202500 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| SEMTECH CORP | NOTE 1.625%11/0 | 816850AF8 |  | 12846870 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| SOLARIS ENERGY INFRAS INC | NOTE 4.750% 5/0 | 83419XAA6 |  | 5361842 | 4000000 | SH |  | SOLE |  | 4000000 | 0 | 0 |
| SPECTRUM BRANDS INC | NOTE 3.375% 6/0 | 84762LAZ8 |  | 8622650 | 9500000 | SH |  | SOLE |  | 9500000 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 16034557 | 14292000 | SH |  | SOLE |  | 14292000 | 0 | 0 |
| UPWORK INC | NOTE 0.250% 8/1 | 91688FAB0 |  | 9310468 | 9890000 | SH |  | SOLE |  | 9890000 | 0 | 0 |
| VEECO INSTRS INC DEL | NOTE 2.875% 6/0 | 922417AJ9 |  | 7939850 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| VERINT SYSTEMS INC | NOTE 0.250% 4/1 | 92343XAC4 |  | 9074870 | 9500000 | SH |  | SOLE |  | 9500000 | 0 | 0 |
| VERTEX INC | NOTE 0.750% 5/0 | 92538JAB2 |  | 8420475 | 7020000 | SH |  | SOLE |  | 7020000 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 9/1 | 928298AR9 |  | 9900870 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| WAYFAIR INC | NOTE 3.250% 9/1 | 94419LAP6 |  | 10992524 | 9679000 | SH |  | SOLE |  | 9679000 | 0 | 0 |
| WINNEBAGO INDS INC | NOTE 3.250% 1/1 | 974637AF7 |  | 7747976 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| WORKIVA INC | NOTE 1.125% 8/1 | 98139AAB1 |  | 6433939 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 |  | 6499496 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| XOMETRY INC | NOTE 1.000% 2/0 | 98423FAB5 |  | 1011410 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| ADVENT CONV  INCOME FD | COM | 00764C109 |  | 7468067 | 616686 | SH |  | SOLE |  | 616686 | 0 | 0 |
| BLACKROCK CALIF MUN INCOME T | SH BEN INT | 09248E102 |  | 373334 | 34536 | SH |  | SOLE |  | 34536 | 0 | 0 |
| BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 |  | 3810736 | 392051 | SH |  | SOLE |  | 392051 | 0 | 0 |
| BLACKROCK SCIENCE  TECHNOLO | SHS BEN INT | 09260K101 |  | 1298410 | 62574 | SH |  | SOLE |  | 62574 | 0 | 0 |
| BLACKROCK TECH AND PRIVATE E | SHS BEN INT | 09260Q108 |  | 19085160 | 2600158 | SH |  | SOLE |  | 2600158 | 0 | 0 |
| CORNERSTONE STRATEGIC INVEST | COM | 21924B302 |  | 9980445 | 1229119 | SH |  | SOLE |  | 1229119 | 0 | 0 |
| CORNERSTONE TOTAL RETURN FD | COM | 21924U300 |  | 9881040 | 1274973 | SH |  | SOLE |  | 1274973 | 0 | 0 |
| DESTRA MULTI-ALTERNATIVE FD | COMMON SHARES | 25065A502 |  | 5408051 | 618063 | SH |  | SOLE |  | 618063 | 0 | 0 |
| EATON VANCE CALIF MUN BD FD | COM | 27828A100 |  | 930641 | 104332 | SH |  | SOLE |  | 104332 | 0 | 0 |
| GABELLI HLTHCARE  WELLNESS | SHS | 36246K103 |  | 804403 | 85122 | SH |  | SOLE |  | 85122 | 0 | 0 |
| INVESCO ADVANTAGE MUN INCOME | SH BEN INT | 46132E103 |  | 603477 | 72100 | SH |  | SOLE |  | 72100 | 0 | 0 |
| INVESCO MUN OPPORTUNITY TR | COM | 46132C107 |  | 583848 | 63600 | SH |  | SOLE |  | 63600 | 0 | 0 |
| INVESCO MUNICIPAL TRUST | COM | 46131J103 |  | 581940 | 63600 | SH |  | SOLE |  | 63600 | 0 | 0 |
| INVESCO QUALITY MUN INCOME T | COM | 46133G107 |  | 597506 | 63700 | SH |  | SOLE |  | 63700 | 0 | 0 |
| INVESCO TR INVT GRADE MUNS | COM | 46131M106 |  | 1273662 | 134211 | SH |  | SOLE |  | 134211 | 0 | 0 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 3335329 | 234717 | SH |  | SOLE |  | 234717 | 0 | 0 |
| NEUBERGER BERMAN REAL ESTATE | COM | 64190A103 |  | 216229 | 67152 | SH |  | SOLE |  | 67152 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME | COM SHS | 67073D102 |  | 9957168 | 1847341 | SH |  | SOLE |  | 1847341 | 0 | 0 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 2709135 | 214500 | SH |  | SOLE |  | 214500 | 0 | 0 |
| NUVEEN QUALITY MUNCP INCOME | COM | 67066V101 |  | 739495 | 65500 | SH |  | SOLE |  | 65500 | 0 | 0 |
| PIONEER DIVERSIFIED HIGH INC | COM | 723653101 |  | 229592 | 18360 | SH |  | SOLE |  | 18360 | 0 | 0 |
| PIONEER FLOATING RATE FUND I | COM | 72369J102 |  | 699380 | 71220 | SH |  | SOLE |  | 71220 | 0 | 0 |
| PIONEER HIGH INCOME FUND INC | COM | 72369H106 |  | 916006 | 113227 | SH |  | SOLE |  | 113227 | 0 | 0 |
| PIONEER MUN HIGH INCOME OPPO | COMMON STOCK | 723760104 |  | 697616 | 59120 | SH |  | SOLE |  | 59120 | 0 | 0 |
| RIVERNORTH FLEXIBLE MUNI INC | COM | 76883Y107 |  | 4252753 | 336452 | SH |  | SOLE |  | 336452 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 5524461 | 685417 | SH |  | SOLE |  | 685417 | 0 | 0 |
| SABA CAPITAL INCOME  OPPORT | COM NEW | 880198205 |  | 126289 | 13742 | SH |  | SOLE |  | 13742 | 0 | 0 |
| TORTOISE SUSTAINABLE  SOCIA | COM SH BEN INT | 27901F109 |  | 696385 | 56871 | SH |  | SOLE |  | 56871 | 0 | 0 |
| VIRTUS TOTAL RETURN FD INC | COM | 92835W107 |  | 7819647 | 1255160 | SH |  | SOLE |  | 1255160 | 0 | 0 |
| VOYA ASIA PAC HIGH DIV EQT I | COM | 92912J102 |  | 1484989 | 210900 | SH |  | SOLE |  | 210900 | 0 | 0 |
| VOYA EMERGING MKTS HIGH DIVI | COM | 92912P108 |  | 1495062 | 251694 | SH |  | SOLE |  | 251694 | 0 | 0 |
| WESTERN ASSET GBL HIGH INC F | COM | 95766B109 |  | 5690062 | 870040 | SH |  | SOLE |  | 870040 | 0 | 0 |
| WESTERN ASSET HIGH INCOM FD | COM | 95766J102 |  | 2685300 | 625944 | SH |  | SOLE |  | 625944 | 0 | 0 |
| XAI MADISON EQUITY PREMIUM I | COM | 557437100 |  | 1270969 | 203355 | SH |  | SOLE |  | 203355 | 0 | 0 |
| ABRDN EMERGING MARKETS EX CH | COM | 00301W105 |  | 3513932 | 591571 | SH |  | SOLE |  | 591571 | 0 | 0 |
| ABRDN GLOBAL DYNAMIC DIVIDEN | COM | 00302M106 |  | 661804 | 59946 | SH |  | SOLE |  | 59946 | 0 | 0 |
| ABRDN INCOME CREDIT STRATEGI | COM | 003057106 |  | 4683768 | 793859 | SH |  | SOLE |  | 793859 | 0 | 0 |

---