# EDGAR Filing Document

**Accession Number:** 0001316187
**File Stem:** 0001062993-26-000452
**Filing Date:** 2026-1
**Character Count:** 17272
**Document Hash:** ecd9be476e711665f6677de3b0962389
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001062993-26-000452.hdr.sgml**: 20260128

**ACCESSION NUMBER**: 0001062993-26-000452

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260128

**DATE AS OF CHANGE**: 20260128

**EFFECTIVENESS DATE**: 20260128

**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:** 26568466

**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:** 12-31-2025

**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  01-23-2026<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:** 121

**Form 13F Information Table Value Total:** $877105606

      (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 |  | 5596250 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| ANI PHARMACEUTICALS INC | NOTE 2.250% 9/0 | 00182CAC7 |  | 14455980 | 11473000 | SH |  | SOLE |  | 11473000 | 0 | 0 |
| ACCURAY INC DEL | NOTE 3.750% 6/0 | 004397AK1 |  | 4488486 | 4700000 | SH |  | SOLE |  | 4700000 | 0 | 0 |
| ADVANCED ENERGY INDS | NOTE 2.500% 9/1 | 007973AE0 |  | 12317599 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| AKAMAI TECHNOLOGIES INC | NOTE 1.125% 2/1 | 00971TAN1 |  | 13671446 | 13827000 | SH |  | SOLE |  | 13827000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 1/1 | 011642AB1 |  | 9968790 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| ALARM COM HLDGS INC | NOTE 2.250% 6/0 | 011642AD7 |  | 7599291 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| ALPHATEC HLDGS INC | NOTE 0.750% 8/0 | 02081GAB8 |  | 3114880 | 2512000 | SH |  | SOLE |  | 2512000 | 0 | 0 |
| APPLIED OPTOELECTRONICS INC | NOTE 2.750% 1/1 | 03823UAE2 |  | 10395000 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| ASTRONICS CORP | NOTE 5.500% 3/1 | 046433AD0 |  | 2550000 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| BANDWIDTH INC | NOTE 0.500% 4/0 | 05988JAD5 |  | 8788350 | 10100000 | SH |  | SOLE |  | 10100000 | 0 | 0 |
| BENTLEY SYS INC | NOTE 0.375% 7/0 | 08265TAD1 |  | 11736409 | 12500000 | SH |  | SOLE |  | 12500000 | 0 | 0 |
| BLACKLINE INC | NOTE 1.000% 6/0 | 09239BAF6 |  | 12722407 | 12000000 | SH |  | SOLE |  | 12000000 | 0 | 0 |
| BOX INC | NOTE 1.500% 9/1 | 10316TAD6 |  | 6316023 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| CSG SYS INTL INC | NOTE 3.875% 9/1 | 126349AH2 |  | 5912500 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| CENTURY ALUM CO | NOTE 2.750% 5/0 | 156431AQ1 |  | 11886188 | 5650000 | SH |  | SOLE |  | 5650000 | 0 | 0 |
| CHEFS WHSE INC | NOTE 2.375%12/1 | 163086AE1 |  | 7597175 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| CIPHER MINING INC | NOTE 1.750% 5/1 | 17253JAA4 |  | 10447500 | 3000000 | SH |  | SOLE |  | 3000000 | 0 | 0 |
| COINBASE GLOBAL INC | NOTE 0.250% 4/0 | 19260QAF4 |  | 2897286 | 2837000 | SH |  | SOLE |  | 2837000 | 0 | 0 |
| ENOVIS CORPORATION | NOTE 3.875%10/1 | 194014AB2 |  | 4890362 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| CONMED CORP | NOTE 2.250% 6/1 | 207410AH4 |  | 9572300 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| DATADOG INC | NOTE 12/0 | 23804LAD5 |  | 8415167 | 8416000 | SH |  | SOLE |  | 8416000 | 0 | 0 |
| ENCORE CAP GROUP INC | NOTE 4.000% 3/1 | 292554AP7 |  | 12304688 | 11250000 | SH |  | SOLE |  | 11250000 | 0 | 0 |
| EVOLENT HEALTH INC | DEBT 4.500% 8/1 | 30050BAJ0 |  | 4592250 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| EXACT SCIENCES CORP | NOTE 0.375% 3/1 | 30063PAB1 |  | 7297500 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| FASTLY INC | NOTE 7.750% 6/0 | 31188VAD2 |  | 7231142 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| FLUOR CORP | NOTE 1.125% 8/1 | 343412AJ1 |  | 15843270 | 13889000 | SH |  | SOLE |  | 13889000 | 0 | 0 |
| FLUENCE ENERGY INC | NOTE 2.250% 6/1 | 34379VAB9 |  | 14490000 | 12000000 | SH |  | SOLE |  | 12000000 | 0 | 0 |
| FRESHPET INC | NOTE 3.000% 4/0 | 358039AB1 |  | 12848000 | 11000000 | SH |  | SOLE |  | 11000000 | 0 | 0 |
| T1 ENERGY INC | NOTE 5.250%12/0 | 35834FAB0 |  | 8925000 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| GLOBAL PMTS INC | NOTE 1.500% 3/0 | 37940XAU6 |  | 4902062 | 5468000 | SH |  | SOLE |  | 5468000 | 0 | 0 |
| GRANITE CONSTR INC | NOTE 3.250% 6/1 | 387328AF4 |  | 23911806 | 15000000 | SH |  | SOLE |  | 15000000 | 0 | 0 |
| GREEN PLAINS INC | NOTE 2.250% 3/1 | 393222AK0 |  | 6223750 | 6500000 | SH |  | SOLE |  | 6500000 | 0 | 0 |
| GREENBRIER COS INC | NOTE 2.875% 4/1 | 393657AM3 |  | 14899501 | 13795000 | SH |  | SOLE |  | 13795000 | 0 | 0 |
| GUIDEWIRE SOFTWARE INC | NOTE 1.250%11/0 | 40171VAC4 |  | 13277895 | 12050000 | SH |  | SOLE |  | 12050000 | 0 | 0 |
| HALOZYME THERAPEUTICS INC | NOTE 1.000% 8/1 | 40637HAF6 |  | 18550000 | 14000000 | SH |  | SOLE |  | 14000000 | 0 | 0 |
| INOTIV INC | NOTE 3.250%10/1 | 45783QAB6 |  | 440001 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| ITRON INC | NOTE 3/1 | 465741AN6 |  | 8911789 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| ITRON INC | NOTE 1.375% 7/1 | 465741AQ9 |  | 9085186 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 2.000% 6/1 | 472145AF8 |  | 6947986 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| JAZZ INVESTMENTS I LTD | NOTE 3.125% 9/1 | 472145AH4 |  | 9985358 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| LCI INDS | NOTE 1.125% 5/1 | 501812AB7 |  | 8114288 | 8217000 | SH |  | SOLE |  | 8217000 | 0 | 0 |
| LANTHEUS HLDGS INC | NOTE 2.625%12/1 | 516544AB9 |  | 12110500 | 10600000 | SH |  | SOLE |  | 10600000 | 0 | 0 |
| LEMAITRE VASCULAR INC | NOTE 2.500% 2/0 | 525558AB8 |  | 11687032 | 11750000 | SH |  | SOLE |  | 11750000 | 0 | 0 |
| LIVANOVA PLC | NOTE 2.500% 3/1 | 53802LAB8 |  | 9256000 | 8000000 | SH |  | SOLE |  | 8000000 | 0 | 0 |
| MKS INC. | NOTE 1.250% 6/0 | 55306NAB0 |  | 15678504 | 12268000 | SH |  | SOLE |  | 12268000 | 0 | 0 |
| MAGNITE INC | NOTE 0.250% 3/1 | 55955DAB6 |  | 7406250 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| MANNKIND CORP | NOTE 2.500% 3/0 | 56400PAQ5 |  | 4880500 | 4300000 | SH |  | SOLE |  | 4300000 | 0 | 0 |
| NORTHERN OIL  GAS INC | NOTE 3.625% 4/1 | 665531AJ8 |  | 7201808 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| NUTANIX INC | NOTE 0.500%12/1 | 67059NAK4 |  | 12501642 | 13000000 | SH |  | SOLE |  | 13000000 | 0 | 0 |
| OSI SYSTEMS INC | NOTE 2.250% 8/0 | 671044AF2 |  | 17801440 | 12028000 | SH |  | SOLE |  | 12028000 | 0 | 0 |
| ON SEMICONDUCTOR CORP | NOTE 0.500% 3/0 | 682189AU9 |  | 12476680 | 13168000 | SH |  | SOLE |  | 13168000 | 0 | 0 |
| ORMAT TECHNOLOGIES INC | NOTE 2.500% 7/1 | 686688AB8 |  | 7267627 | 5400000 | SH |  | SOLE |  | 5400000 | 0 | 0 |
| PACIRA BIOSCIENCES INC | NOTE 2.125% 5/1 | 695127AJ9 |  | 9073072 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| PAGERDUTY INC | NOTE 1.500%10/1 | 69553PAD2 |  | 6656930 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| PARSONS CORP DEL | NOTE 2.625% 3/0 | 70202LAD4 |  | 14414740 | 14000000 | SH |  | SOLE |  | 14000000 | 0 | 0 |
| PATRICK INDS INC | NOTE 1.750%12/0 | 703343AG8 |  | 18585928 | 10949000 | SH |  | SOLE |  | 10949000 | 0 | 0 |
| POST HLDGS INC | NOTE 2.500% 8/1 | 737446AT1 |  | 8070438 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| PROGRESS SOFTWARE CORP | NOTE 3.500% 3/0 | 743312AD2 |  | 12758941 | 12617000 | SH |  | SOLE |  | 12617000 | 0 | 0 |
| RAPID7 INC | NOTE 0.250% 3/1 | 753422AF1 |  | 7674555 | 8123000 | SH |  | SOLE |  | 8123000 | 0 | 0 |
| RAPID7 INC | NOTE 1.250% 3/1 | 753422AH7 |  | 1820000 | 2000000 | SH |  | SOLE |  | 2000000 | 0 | 0 |
| REDFIN CORP | NOTE 0.500% 4/0 | 75737FAE8 |  | 2753156 | 2925000 | SH |  | SOLE |  | 2925000 | 0 | 0 |
| REPLIGEN CORP | NOTE 1.000%12/1 | 759916AD1 |  | 6580219 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| RIOT PLATFORMS INC | NOTE 0.750% 1/1 | 767292AB1 |  | 5637500 | 5000000 | SH |  | SOLE |  | 5000000 | 0 | 0 |
| SSR MINING IN | NOTE 2.500% 4/0 | 784730AB9 |  | 7833600 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| SEMTECH CORP | NOTE 1.625%11/0 | 816850AF8 |  | 11165000 | 5500000 | SH |  | SOLE |  | 5500000 | 0 | 0 |
| SPECTRUM BRANDS INC | NOTE 3.375% 6/0 | 84762LAZ8 |  | 8977500 | 9500000 | SH |  | SOLE |  | 9500000 | 0 | 0 |
| SYNAPTICS INC | NOTE 0.750%12/0 | 87157DAJ8 |  | 8935625 | 8500000 | SH |  | SOLE |  | 8500000 | 0 | 0 |
| TETRA TECH INC NEW | DBCV 2.250% 8/1 | 88162GAB9 |  | 16848614 | 15526000 | SH |  | SOLE |  | 15526000 | 0 | 0 |
| UPWORK INC | NOTE 0.250% 8/1 | 91688FAB0 |  | 9659570 | 9890000 | SH |  | SOLE |  | 9890000 | 0 | 0 |
| VARONIS SYS INC | NOTE 1.000% 9/1 | 922280AD4 |  | 9295436 | 10000000 | SH |  | SOLE |  | 10000000 | 0 | 0 |
| VEECO INSTRS INC DEL | NOTE 2.875% 6/0 | 922417AJ9 |  | 9296250 | 7500000 | SH |  | SOLE |  | 7500000 | 0 | 0 |
| VISHAY INTERTECHNOLOGY INC | NOTE 2.250% 9/1 | 928298AR9 |  | 9900322 | 11031000 | SH |  | SOLE |  | 11031000 | 0 | 0 |
| WAYFAIR INC | NOTE 3.250% 9/1 | 94419LAP6 |  | 16215945 | 9732000 | SH |  | SOLE |  | 9732000 | 0 | 0 |
| WINNEBAGO INDS INC | NOTE 3.250% 1/1 | 974637AF7 |  | 8465625 | 9000000 | SH |  | SOLE |  | 9000000 | 0 | 0 |
| WISDOMTREE INC | NOTE 3.250% 8/1 | 97717PAH7 |  | 11127935 | 9254000 | SH |  | SOLE |  | 9254000 | 0 | 0 |
| WORKIVA INC | NOTE 1.125% 8/1 | 98139AAB1 |  | 7023672 | 6000000 | SH |  | SOLE |  | 6000000 | 0 | 0 |
| WORKIVA INC | NOTE 1.250% 8/1 | 98139AAD7 |  | 6894442 | 7000000 | SH |  | SOLE |  | 7000000 | 0 | 0 |
| XOMETRY INC | NOTE 1.000% 2/0 | 98423FAB5 |  | 1256025 | 1000000 | SH |  | SOLE |  | 1000000 | 0 | 0 |
| ADVENT CONV  INCOME FD | COM | 00764C109 |  | 751685 | 59002 | SH |  | SOLE |  | 59002 | 0 | 0 |
| BLACKROCK CAP ALLOCATION TER | COM | 09260U109 |  | 5083353 | 352521 | SH |  | SOLE |  | 352521 | 0 | 0 |
| BLACKROCK CORE BD TR | SHS BEN INT | 09249E101 |  | 3047484 | 316951 | SH |  | SOLE |  | 316951 | 0 | 0 |
| BLACKROCK FLOATING RATE INC | COM | 091941104 |  | 2275946 | 198426 | SH |  | SOLE |  | 198426 | 0 | 0 |
| BLACKROCK LONG-TERM MUN ADVA | COM | 09250B103 |  | 106276 | 11306 | SH |  | SOLE |  | 11306 | 0 | 0 |
| BLACKROCK TECH AND PRIVATE E | SHS BEN INT | 09260Q108 |  | 4302442 | 633924 | SH |  | SOLE |  | 633924 | 0 | 0 |
| CBRE GBL REAL ESTATE INC FD | COM | 12504G100 |  | 6099504 | 1333225 | SH |  | SOLE |  | 1333225 | 0 | 0 |
| CALAMOS DYNAMIC CONV  INCOM | COM | 12811V105 |  | 723628 | 33118 | SH |  | SOLE |  | 33118 | 0 | 0 |
| CLEARBRIDGE ENERGY MIDSTRM O | COM | 18469P209 |  | 3745939 | 84275 | SH |  | SOLE |  | 84275 | 0 | 0 |
| COHEN  STEERS INFRASTRUCTUR | COM | 19248A109 |  | 3732139 | 154957 | SH |  | SOLE |  | 154957 | 0 | 0 |
| COHEN  STEERS QUALITY INCOM | COM | 19247L106 |  | 190501 | 16359 | SH |  | SOLE |  | 16359 | 0 | 0 |
| DESTRA MULTI-ALTERNATIVE FD | COMMON SHARES | 25065A502 |  | 2353028 | 260579 | SH |  | SOLE |  | 260579 | 0 | 0 |
| FS CREDIT OPPORTUNITIES CORP | COMMON STOCK | 30290Y101 |  | 1995127 | 313946 | SH |  | SOLE |  | 313946 | 0 | 0 |
| FRANKLIN LTD DURATION INCOME | COM | 35472T101 |  | 3023402 | 490414 | SH |  | SOLE |  | 490414 | 0 | 0 |
| GABELLI HLTHCARE  WELLNESS | SHS | 36246K103 |  | 427291 | 44233 | SH |  | SOLE |  | 44233 | 0 | 0 |
| HIGH INCOME SECS FD | SHS BEN INT | 42968F108 |  | 1027449 | 167337 | SH |  | SOLE |  | 167337 | 0 | 0 |
| INVESCO SR INCOME TR | COM | 46131H107 |  | 3487265 | 1056747 | SH |  | SOLE |  | 1056747 | 0 | 0 |
| LMP CAP  INCOME FD INC | COM | 50208A102 |  | 2489747 | 164557 | SH |  | SOLE |  | 164557 | 0 | 0 |
| LIBERTY ALL STAR EQUITY FD | SH BEN INT | 530158104 |  | 17108669 | 2698528 | SH |  | SOLE |  | 2698528 | 0 | 0 |
| LIBERTY ALL-STAR GROWTH FD I | COM | 529900102 |  | 928396 | 169570 | SH |  | SOLE |  | 169570 | 0 | 0 |
| MONROE CAP CORP | COM | 610335101 |  | 418063 | 67321 | SH |  | SOLE |  | 67321 | 0 | 0 |
| NXG CUSHING MIDSTREAM ENERGY | COM NEW | 231631300 |  | 2928746 | 75280 | SH |  | SOLE |  | 75280 | 0 | 0 |
| NYLI CBRE GBL INFR MEGTRNDS | COM | 56064Q107 |  | 4510781 | 331188 | SH |  | SOLE |  | 331188 | 0 | 0 |
| NEUBERGER REAL ESTATE | COM | 64190A103 |  | 107863 | 35715 | SH |  | SOLE |  | 35715 | 0 | 0 |
| NUVEEN CR STRATEGIES INCOME | COM SHS | 67073D102 |  | 5712471 | 1122293 | SH |  | SOLE |  | 1122293 | 0 | 0 |
| NUVEEN DOW 30 DYNMC OVERWRT | SHS | 67075F105 |  | 1536319 | 98482 | SH |  | SOLE |  | 98482 | 0 | 0 |
| NUVEEN FLOATING RATE INCOME | COM | 67072T108 |  | 2271525 | 289182 | SH |  | SOLE |  | 289182 | 0 | 0 |
| NUVEEN GLOBAL HIGH INCOME FD | SHS | 67075G103 |  | 3143838 | 247060 | SH |  | SOLE |  | 247060 | 0 | 0 |
| NUVEEN MULTI ASSET INCOME FU | COM | 670750108 |  | 1541097 | 116794 | SH |  | SOLE |  | 116794 | 0 | 0 |
| NUVEEN S 500 BUY-WRITE INC | COM | 6706ER101 |  | 827218 | 56216 | SH |  | SOLE |  | 56216 | 0 | 0 |
| PIMCO DYNAMIC INCOME FD | SHS | 72201Y101 |  | 3975494 | 218531 | SH |  | SOLE |  | 218531 | 0 | 0 |
| RIVERNORTH OPPORTUNITIES FD | COM | 76881Y109 |  | 4558815 | 384389 | SH |  | SOLE |  | 384389 | 0 | 0 |
| SABA CAPITAL INCOME  OPRNT | SHS NEW | 78518H202 |  | 5137990 | 732116 | SH |  | SOLE |  | 732116 | 0 | 0 |
| TORTOISE ENERGY INFRA CORP | COM | 89147L886 |  | 315593 | 7570 | SH |  | SOLE |  | 7570 | 0 | 0 |
| VIRTUS STONE HBR EMRG MKTS I | COM | 86164T107 |  | 1771240 | 354958 | SH |  | SOLE |  | 354958 | 0 | 0 |
| VIRTUS TOTAL RETURN FD INC | COM | 92835W107 |  | 4312886 | 686219 | SH |  | SOLE |  | 686219 | 0 | 0 |
| WESTERN ASSET GBL HIGH INC F | COM | 95766B109 |  | 2985754 | 467620 | SH |  | SOLE |  | 467620 | 0 | 0 |
| WESTERN ASSET HIGH INCOME OP | COM | 95766K109 |  | 1225480 | 327231 | SH |  | SOLE |  | 327231 | 0 | 0 |
| WESTERN ASSET HIGH YIELD OPP | COM | 95768B107 |  | 2735142 | 245966 | SH |  | SOLE |  | 245966 | 0 | 0 |
| XAI MADISON EQUITY PREMIUM I | COM | 557437100 |  | 3255976 | 534643 | SH |  | SOLE |  | 534643 | 0 | 0 |
| ABRDN INCOME CREDIT STRATEGI | COM | 003057106 |  | 11450959 | 2083887 | SH |  | SOLE |  | 2083887 | 0 | 0 |
| ABRDN TOTAL DYNAMIC DIVIDEND | COM SH BEN INT | 00326L100 |  | 173201 | 17566 | SH |  | SOLE |  | 17566 | 0 | 0 |

---