Shaker Financial Services, LLC Form 13F-HR Filed 2021-02-03

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 13F

FORM 13F INFORMATION TABLE

OMB APPROVAL

OMB Number:		3235-0006
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COLUMN 1	COLUMN 2	COLUMN 3	COLUMN 4	COLUMN 5			COLUMN 6	COLUMN 7	COLUMN 8
			VALUE	SHRS OR	SH/	PUT/	INVESTMENT	OTHER	VOTING AUTHORITY
NAME OF ISSUER	TITLE OF CLASS	CUSIP	(x$1000)	PRN AMT	PRN	CALL	DISCRETION	MANAGER	SOLE	SHARED	NONE
ABERDEEN AUSTRALIA EQUITY FD	COM	003011103	428	81,272	SH		SOLE		78,271	0	3,001
ABERDEEN GLOBAL DYNAMIC DIVI	COM	00302M106	624	59,765	SH		SOLE		59,765	0	0
ABERDEEN JAPAN EQUITY FD INC	COM	00306J109	139	14,700	SH		SOLE		14,700	0	0
ABERDEEN TOTAL DYNAMIC DIVD	COM SH BEN INT	00326L100	1,860	210,192	SH		SOLE		206,170	0	4,022
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	1,263	73,023	SH		SOLE		71,499	0	1,524
ADOBE SYSTEMS INCORPORATED	COM	00724F101	200	400	SH		SOLE		400	0	0
ADVENT CONVERTIBLE & INCOME	COM	00764C109	324	19,624	SH		SOLE		19,624	0	0
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	469	39,849	SH		SOLE		39,849	0	0
ALLIANZGI ARTIFICIAL INTELLI	COM	01883M101	1,129	42,798	SH		SOLE		42,309	0	489
ALLIANZGI CONV & INCM 2024 T	COM	01883H102	1,025	102,651	SH		SOLE		101,243	0	1,408
ALLIANZGI CONV & INCOME FD	COM	018828103	269	46,834	SH		SOLE		46,834	0	0
ALLIANZGI CONV & INCOME FD I	COM	018825109	248	48,772	SH		SOLE		47,959	0	813
ALLIANZGI DIVIDEND INT & PRM	COM	01883A107	2,474	183,813	SH		SOLE		178,828	0	4,985
ALLIANZGI EQUITY & CONV INCO	COM	018829101	310	10,953	SH		SOLE		10,953	0	0
ANGEL OAK FINL STRATEGIES IN	COM BEN INT	03464A100	3,057	181,551	SH		SOLE		173,179	0	8,372
APOLLO SR FLOATING RATE FD I	COM	037636107	405	28,094	SH		SOLE		27,647	0	447
APOLLO TACTICAL INCOME FD IN	COM	037638103	3,169	218,872	SH		SOLE		217,001	0	1,871
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	257	18,012	SH		SOLE		18,012	0	0
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	1,853	122,812	SH		SOLE		118,927	0	3,885
BLACKROCK 2022 GBL INCM OPP	COM	09258P104	961	106,281	SH		SOLE		103,981	0	2,300
BLACKROCK CR ALLOCATION INCO	COM	092508100	151	10,263	SH		SOLE		10,207	0	56
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	2,686	257,078	SH		SOLE		251,168	0	5,910
BLACKROCK ENHANCD CAP & INM	COM	09256A109	3,640	209,202	SH		SOLE		207,048	0	2,154
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	1,525	180,096	SH		SOLE		180,096	0	0
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	136	12,508	SH		SOLE		12,508	0	0
BLACKROCK ENHANCED GOVT FD I	COM	09255K108	232	17,211	SH		SOLE		17,211	0	0
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	170	29,045	SH		SOLE		29,045	0	0
BLACKROCK FLOATING RATE INCO	COM	09255X100	1,992	164,484	SH		SOLE		160,763	0	3,721
BLACKROCK LTD DURATION INC T	COM SHS	09249W101	943	59,215	SH		SOLE		59,202	0	13
BLACKROCK MULTI-SECTOR INC T	COM	09258A107	416	23,722	SH		SOLE		23,035	0	687
BLACKSTONE LONG-SHORT CREDIT	COM SHS BN INT	09257D102	664	49,510	SH		SOLE		47,372	0	2,138
BLACKSTONE SENIOR FLOATNG RA	COM	09256U105	773	54,383	SH		SOLE		54,383	0	0
BLACKSTONE STRATEGIC CREDIT	COM SHS BEN IN	09257R101	2,679	214,673	SH		SOLE		206,723	0	7,950
BNY MELLON ALCENTRA GLOBAL C	COM	05588N108	3,174	373,872	SH		SOLE		365,914	0	7,958
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	611	203,659	SH		SOLE		199,289	0	4,370
BOULDER GROWTH & INCOME FD I	COM	101507101	4,240	380,645	SH		SOLE		372,259	0	8,386
CALAMOS CONV & HIGH INCOME F	COM SHS	12811P108	2,779	194,614	SH		SOLE		189,392	0	5,222
CALAMOS CONV OPPORTUNITIES &	SH BEN INT	128117108	942	69,595	SH		SOLE		68,441	0	1,154
CALAMOS DYNAMIC CONV & INCOM	COM	12811V105	968	34,348	SH		SOLE		34,348	0	0
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	3,518	201,818	SH		SOLE		199,497	0	2,321
CBRE CLARION GLOBAL REAL EST	COM	12504G100	741	107,718	SH		SOLE		107,718	0	0
CENTRAL SECS CORP	COM	155123102	6,018	184,363	SH		SOLE		183,261	0	1,102
CHINA FD INC	COM	169373107	2,079	72,780	SH		SOLE		72,104	0	676
CLOUGH GLOBAL EQUITY FD	COM	18914C100	2,410	175,665	SH		SOLE		174,401	0	1,264
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	1,221	109,908	SH		SOLE		109,908	0	0
COHEN & STEERS CLOSED END OP	COM	19248P106	1,213	97,701	SH		SOLE		97,701	0	0
COHEN & STEERS QUALITY INCOM	COM	19247L106	186	15,000	SH		SOLE		12,974	0	2,026
COLUMBIA SELIGM PREM TECH GR	COM	19842X109	3,083	113,194	SH		SOLE		112,555	0	639
CREDIT SUISSE ASSET MGMT INC	COM	224916106	84	26,557	SH		SOLE		26,557	0	0
CREDIT SUISSE HIGH YIELD BD	SH BEN INT	22544F103	1,020	447,435	SH		SOLE		428,325	0	19,110
DELAWARE ENHANCED GBL DIV &	COM	246060107	1,159	119,014	SH		SOLE		119,014	0	0
DELAWARE INVTS DIV & INCOME	COM	245915103	1,197	129,367	SH		SOLE		129,012	0	355
DOUBLELINE INCOME SOLUTIONS	COM	258622109	4,085	246,371	SH		SOLE		241,963	0	4,408
DOUBLELINE OPPORTUNISTIC CR	COM	258623107	2,889	147,011	SH		SOLE		143,279	0	3,732
DUFF & PHELPS UTLITY AND INF	COM	26433C105	127	10,414	SH		SOLE		10,414	0	0
EATON VANCE ENHANCED EQUITY	COM	278274105	2,654	164,121	SH		SOLE		159,446	0	4,675
EATON VANCE FLOATING RATE 20	COM	27831H100	527	59,260	SH		SOLE		57,018	0	2,242
EATON VANCE HIGH INCOME 2021	COM SH BEN INT	27829W101	677	69,694	SH		SOLE		68,254	0	1,440
EATON VANCE LTD DURATION INC	COM	27828H105	1,683	134,302	SH		SOLE		133,552	0	750
EATON VANCE SHORT DURATION D	COM	27828V104	539	43,632	SH		SOLE		43,632	0	0
EATON VANCE SR FLTNG RTE TR	COM	27828Q105	1,234	96,903	SH		SOLE		96,852	0	51
EATON VANCE TAX ADVT DIV INC	COM	27828G107	316	13,356	SH		SOLE		13,164	0	192
EATON VANCE TAX MNGD BUY WRI	COM SH BEN INT	27829M103	545	55,033	SH		SOLE		53,777	0	1,256
EATON VANCE TAX MNGED BUY WR	COM	27828X100	908	60,559	SH		SOLE		59,929	0	630
EATON VANCE TAX-MANAGED DIVE	COM	27828N102	639	52,161	SH		SOLE		51,191	0	970
EATON VANCE TAX-MANAGED GLOB	COM	27829C105	1,937	200,100	SH		SOLE		196,615	0	3,485
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	1,166	132,926	SH		SOLE		132,780	0	146
EATON VANCE TX ADV GLBL DIV	COM	27828S101	234	12,823	SH		SOLE		12,823	0	0
EUROPEAN EQUITY FD INC	COM	298768102	1,608	154,600	SH		SOLE		154,600	0	0
FIRST EAGLE SENIOR LOAN FUND	COM NEW	32010E100	1,115	79,828	SH		SOLE		79,828	0	0
FIRST TR / ABERDEEN EMERGING	COM	33731K102	567	39,596	SH		SOLE		39,596	0	0
FIRST TR ABERDEEN GLBL OPP F	COM SHS	337319107	2,273	215,496	SH		SOLE		212,885	0	2,611
FIRST TR DYNAMIC EUROPE EQUI	COM SHS	33740d107	616	52,165	SH		SOLE		52,165	0	0
FIRST TR ENHANCED EQTY INC F	COM	337318109	4,239	240,556	SH		SOLE		236,356	0	4,200
FIRST TR HIGH INCOME L/S FD	COM	33738E109	785	53,115	SH		SOLE		51,380	0	1,735
FIRST TR SR FLOATING RATE 20	COM SHS	33740K101	1,804	200,682	SH		SOLE		195,969	0	4,713
FRANKLIN LTD DURATION INCOME	COM	35472T101	622	66,061	SH		SOLE		64,235	0	1,826
FRANKLIN UNVL TR	SH BEN INT	355145103	3,457	461,483	SH		SOLE		458,245	0	3,238
GABELLI CONV & INC SECS FD I	COM	36240B109	713	114,037	SH		SOLE		106,725	0	7,312
GABELLI DIVID & INCOME TR	COM	36242H104	6,821	317,850	SH		SOLE		314,735	0	3,115
GAMCO NAT RES GOLD & INCOME	SH BEN INT	36465E101	163	31,870	SH		SOLE		30,625	0	1,245
GENERAL AMERN INVS CO INC	COM	368802104	358	9,630	SH		SOLE		9,630	0	0
GUGGENHEIM ENHANCED EQUITY I	COM	40167B100	1,968	300,489	SH		SOLE		297,873	0	2,616
HANCOCK JOHN INVS TR	COM	410142103	700	40,556	SH		SOLE		40,088	0	468
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	531	95,953	SH		SOLE		95,953	0	0
HANCOCK JOHN PFD INCOME FD	SH BEN INT	41013W108	1,312	66,675	SH		SOLE		66,675	0	0
HANCOCK JOHN PFD INCOME FD I	COM	41013X106	1,757	92,451	SH		SOLE		92,144	0	307
HANCOCK JOHN PFD INCOME FD I	COM	41021P103	827	47,838	SH		SOLE		42,872	0	4,966
HANCOCK JOHN TAX-ADVANTAGED	COM	41013V100	247	11,759	SH		SOLE		11,759	0	0
HERZFELD CARIBBEAN BASIN FD	COM	42804T106	616	120,509	SH		SOLE		120,509	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	910	139,293	SH		SOLE		137,502	0	1,791
INVESCO HIGH INCOME 2023 TAR	COM	46135X108	2,640	313,172	SH		SOLE		305,416	0	7,756
INVESCO SR INCOME TR	COM	46131H107	501	125,905	SH		SOLE		122,944	0	2,961
IVY HIGH INCOME OPPORTUNITIE	COM	465893105	761	57,331	SH		SOLE		57,331	0	0
JAPAN SMALLER CAPITALIZATION	COM	47109U104	303	33,543	SH		SOLE		33,543	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	2,584	225,866	SH		SOLE		225,866	0	0
KKR INCOME OPPORTUNITIES FD	COM	48249T106	2,365	163,899	SH		SOLE		160,745	0	3,154
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	2,184	316,586	SH		SOLE		314,762	0	1,824
LMP CAP & INCOME FD INC	COM	50208A102	959	82,288	SH		SOLE		82,288	0	0
MACQUARIE / FIRST TR GLOBAL	COM	55607W100	455	54,330	SH		SOLE		51,980	0	2,350
MACQUARIE GLOBAL INFRASTRUCT	COM	55608D101	418	20,589	SH		SOLE		18,905	0	1,684
MFS CHARTER INCOME TR	SH BEN INT	552727109	761	86,747	SH		SOLE		84,830	0	1,917
MFS INTER INCOME TR	SH BEN INT	55273C107	812	213,019	SH		SOLE		211,150	0	1,869
MFS MULTIMARKET INCOME TR	SH BEN INT	552737108	313	51,234	SH		SOLE		51,234	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	1,149	51,856	SH		SOLE		50,884	0	972
MORGAN STANLEY EMERGING MKTS	COM	617477104	303	48,134	SH		SOLE		45,940	0	2,194
NEUBERGER BERMAN HIGH YIELD	COM	64128C106	1,179	100,865	SH		SOLE		96,383	0	4,482
NEW GERMANY FD INC	COM	644465106	4,357	228,932	SH		SOLE		224,244	0	4,688
NEW IRELAND FD INC	COM	645673104	1,717	165,444	SH		SOLE		162,139	0	3,305
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	4,987	354,467	SH		SOLE		349,980	0	4,487
NUVEEN CORPORATE INCM NOVEME	COM	67077N106	1,274	138,510	SH		SOLE		133,415	0	5,095
NUVEEN CR OPPORTUNITIES 2022	COM	67075U102	1,733	215,591	SH		SOLE		213,797	0	1,794
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	1,858	293,500	SH		SOLE		287,992	0	5,508
NUVEEN DIVERSIFIED DIVID & I	COM	6706EP105	195	22,256	SH		SOLE		22,256	0	0
NUVEEN DOW 30 DYNAMIC OVERWR	SHS	67075F105	4,188	275,529	SH		SOLE		270,014	0	5,515
NUVEEN EMERGING MKTS DEBT 20	COM	67077P101	1,153	154,194	SH		SOLE		150,384	0	3,810
NUVEEN FLOATING RATE INCOME	COM	67072T108	1,162	132,942	SH		SOLE		130,931	0	2,011
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	3,504	134,712	SH		SOLE		133,634	0	1,078
NUVEEN PFD & INCM SECURTIES	COM	67072C105	233	23,900	SH		SOLE		23,900	0	0
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	671	70,618	SH		SOLE		70,618	0	0
NUVEEN PFD & INCOME TERM FD	COM	67075A106	203	8,236	SH		SOLE		8,236	0	0
NUVEEN REAL ASSET INCOME & G	COM	67074Y105	209	15,500	SH		SOLE		15,500	0	0
NUVEEN REAL ESTATE INCOME FD	COM	67071B108	247	29,209	SH		SOLE		29,209	0	0
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	2,881	223,697	SH		SOLE		221,347	0	2,350
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	3,210	210,659	SH		SOLE		207,839	0	2,820
NUVEEN SR INCOME FD	COM	67067Y104	430	82,900	SH		SOLE		82,900	0	0
NUVEEN TAX-ADVANTAGED DIVID	COM	67073G105	4,727	332,395	SH		SOLE		329,453	0	2,942
NUVEEN TX ADV TOTAL RET STRG	COM	67090H102	2,983	316,621	SH		SOLE		310,534	0	6,087
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	1,037	71,376	SH		SOLE		69,101	0	2,275
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	565	37,659	SH		SOLE		37,659	0	0
PIONEER FLOATING RATE TR	COM	72369J102	107	10,509	SH		SOLE		10,387	0	122
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	2,188	517,250	SH		SOLE		499,384	0	17,866
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	3,459	743,881	SH		SOLE		724,883	0	18,998
RIVERNORTH DOUBLELINE STRATE	COM	76882G107	1,187	82,909	SH		SOLE		80,892	0	2,017
ROYCE MICRO-CAP TR INC	COM	780915104	2,580	254,984	SH		SOLE		249,428	0	5,556
ROYCE VALUE TR INC	COM	780910105	1,918	118,851	SH		SOLE		116,739	0	2,112
SOURCE CAP INC	COM	836144105	3,692	92,511	SH		SOLE		91,407	0	1,104
SPDR S&P 500 ETF TR	TR UNIT	78462F103	2,932	7,842	SH		SOLE		7,821	0	21
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	3,222	228,816	SH		SOLE		226,672	0	2,144
SPROTT FOCUS TR INC	COM	85208J109	5,748	833,073	SH		SOLE		824,926	0	8,147
SWISS HELVETIA FD INC	COM	870875101	497	55,537	SH		SOLE		55,537	0	0
TAIWAN FD INC	COM	874036106	461	17,973	SH		SOLE		17,973	0	0
TEKLA HEALTHCARE INVS	SH BEN INT	87911J103	996	41,780	SH		SOLE		40,728	0	1,052
TEKLA LIFE SCIENCES INVS	SH BEN INT	87911K100	369	18,696	SH		SOLE		18,696	0	0
TEMPLETON DRAGON FD INC	COM	88018T101	1,561	66,836	SH		SOLE		65,018	0	1,818
TEMPLETON EMERGING MKTS INCO	COM	880192109	1,089	140,127	SH		SOLE		140,127	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	593	107,883	SH		SOLE		107,744	0	139
TORTOISE ESSENTIAL ASSETS IN	COM SH BEN INT	89148A103	2,309	176,780	SH		SOLE		176,780	0	0
TRI CONTL CORP	COM	895436103	957	32,487	SH		SOLE		32,487	0	0
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	2,639	217,954	SH		SOLE		215,290	0	2,664
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,006	116,626	SH		SOLE		115,810	0	816
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	545	75,075	SH		SOLE		73,653	0	1,422
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	898	102,608	SH		SOLE		102,608	0	0
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	615	117,861	SH		SOLE		117,861	0	0
VOYA INTL HIGH DIV EQTY INM	COM	92912Y109	172	37,521	SH		SOLE		35,966	0	1,555
VOYA PRIME RATE TR	SH BEN INT	92913A100	1,643	367,521	SH		SOLE		347,154	0	20,367
WELLS FARGO ADV MULTI SCTR I	COM	94987D101	2,377	195,803	SH		SOLE		187,680	0	8,123
WELLS FARGO ADVANTAGE INCOME	WF INC OPPTY FD	94987B105	2,770	339,442	SH		SOLE		328,592	0	10,850
WELLS FARGO GLOBAL DIVIDEND	COM	94987C103	1,018	209,876	SH		SOLE		209,876	0	0
WESTERN ASSET GLOBAL CP DEFI	COM	95790C107	474	26,213	SH		SOLE		24,231	0	1,982
WESTERN ASSET HIGH INCOME OP	COM	95766K109	388	78,438	SH		SOLE		78,438	0	0
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	253	16,439	SH		SOLE		16,439	0	0
WESTERN ASSET INVESTMENT GRA	COM	95766T100	293	18,430	SH		SOLE		18,430	0	0
WESTERN ASSET INVT GRADE DEF	COM	95790A101	215	9,635	SH		SOLE		9,635	0	0
WESTERN ASSET PREMIER BD FD	SHS BEN INT	957664105	166	11,713	SH		SOLE		11,713	0	0

Check here if Amendment:	☐ Amendment Number:
This Amendment (Check only one.):	☐ is a restatement. ☐ adds new holdings entries.

Name:	Shaker Financial Services, LLC
Address:	3330 WASHINGTON BLVD.
	Suite 200
	Arlington, VA 22201
Form 13F File Number:	028-14234

Name:	Kathryn S. Baummer
Title:	Managing Partner, Performance Analytics & Reporting
Phone:	410-224-0572

Number of Other Included Managers:	0
Form 13F Information table Entry Total:	165
Form 13F Information table Value Total:	239831 (thousands)

Institutional Investment Manager Filing this Report:

Signature, Place, and Date of Signing:

Report Type (Check only one.):

Form 13F Summary Page

Report Summary:

List of Other Included Managers: