Shaker Financial Services, LLC Form 13F-HR Filed 2022-02-07

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

FORM 13F INFORMATION TABLE

OMB APPROVAL

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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 ASIA-PACIFIC INCOME	COM	003009107	4,256	1,114,168	SH		SOLE		1,107,008	0	7,160
ABERDEEN AUSTRALIA EQUITY FD	COM	003011103	265	43,736	SH		SOLE		43,736	0	0
ABERDEEN EMRG MRKTS EQT INM	COM	00301W105	172	21,688	SH		SOLE		21,688	0	0
ABERDEEN GLOBAL DYNAMIC DIVI	COM	00302M106	2,903	240,129	SH		SOLE		240,129	0	0
ABERDEEN GLOBAL PREMIER PPTY	COM SH BEN INT	00302L108	254	37,066	SH		SOLE		37,066	0	0
ABERDEEN INCOME CR STRATEGIE	COM	003057106	987	96,939	SH		SOLE		95,865	0	1,074
ABERDEEN JAPAN EQUITY FD INC	COM	00306J109	120	14,700	SH		SOLE		14,700	0	0
ABERDEEN TOTAL DYNAMIC DIVD	COM SH BEN INT	00326L100	485	47,503	SH		SOLE		47,503	0	0
ADAMS DIVERSIFIED EQUITY FD	COM	006212104	3,945	203,246	SH		SOLE		201,259	0	1,987
ADOBE SYSTEMS INCORPORATED	COM	00724F101	227	400	SH		SOLE		400	0	0
ALLIANCEBERNSTEIN GLOBAL HIG	COM	01879R106	1,824	150,357	SH		SOLE		146,409	0	3,948
ALLSPRING GLOBAL DIVIDEND OP	COM	94987C103	294	49,895	SH		SOLE		49,895	0	0
ALLSPRING INCOME OPPORTUNIT	INC OPPTY FD	94987B105	1,571	171,459	SH		SOLE		171,459	0	0
ANGEL OAK FINL STRATEGIES IN	COM BEN INT	03464A100	3,241	189,976	SH		SOLE		184,693	0	5,283
APOLLO SR FLOATING RATE FD I	COM	037636107	859	53,349	SH		SOLE		52,108	0	1,241
APOLLO TACTICAL INCOME FD IN	COM	037638103	5,142	335,610	SH		SOLE		331,243	0	4,367
ARES DYNAMIC CR ALLOCATION F	COM	04014F102	3,083	188,779	SH		SOLE		186,785	0	1,994
BANCROFT FD LTD	COM	059695106	966	36,561	SH		SOLE		36,561	0	0
BARINGS GLOBAL SHORT DURATIO	COM	06760L100	4,044	233,217	SH		SOLE		228,591	0	4,626
BLACKROCK CORPOR HI YLD FD I	COM	09255P107	1,599	129,600	SH		SOLE		127,615	0	1,985
BLACKROCK DEBT STRATEGIES FD	COM NEW	09255R202	539	46,066	SH		SOLE		44,721	0	1,345
BLACKROCK ENHANCD CAP & INM	COM	09256A109	5,016	226,746	SH		SOLE		226,343	0	403
BLACKROCK ENHANCED EQUITY DI	COM	09251A104	299	29,685	SH		SOLE		29,685	0	0
BLACKROCK ENHANCED GLOBAL DI	COM	092501105	1,229	100,865	SH		SOLE		100,865	0	0
BLACKROCK ENHANCED GOVT FD I	COM	09255K108	160	12,759	SH		SOLE		12,759	0	0
BLACKROCK ENHANCED INTL DIV	COM BENE INTER	092524107	2,553	406,587	SH		SOLE		406,587	0	0
BLACKROCK FLOATING RATE INCO	COM	09255X100	2,078	154,753	SH		SOLE		154,057	0	696
BLACKROCK GLOBAL FLOATING RA	COM	091941104	636	45,431	SH		SOLE		45,414	0	17
BLACKROCK INNOVATION AND GRW	SHS BEN INT	09260Q108	683	47,000	SH		SOLE		47,000	0	0
BLACKROCK SCIENCE & TECHNOLO	SHS	09258G104	363	7,258	SH		SOLE		7,258	0	0
BLACKSTONE LONG SHORT CR INC	COM SHS BN INT	09257D102	1,463	99,499	SH		SOLE		97,137	0	2,362
BLACKSTONE STRATEGIC CREDIT	COM SHS BEN IN	09257R101	3,743	277,478	SH		SOLE		275,133	0	2,345
BNY MELLON HIGH YIELD STRATE	SH BEN INT	09660L105	1,884	615,614	SH		SOLE		601,306	0	14,308
BOULDER GROWTH & INCOME FD I	COM	101507101	4,788	336,936	SH		SOLE		334,024	0	2,912
CALAMOS GBL DYN INCOME FUND	COM	12811L107	310	31,052	SH		SOLE		29,364	0	1,688
CALAMOS GLOBAL TOTAL RETURN	COM SH BEN INT	128118106	238	15,507	SH		SOLE		15,507	0	0
CALAMOS LNG SHR EQT DYNAMIC	COM	12812C106	1,079	55,373	SH		SOLE		53,004	0	2,369
CALAMOS STRATEGIC TOTAL RETU	COM SH BEN INT	128125101	309	16,011	SH		SOLE		16,011	0	0
CBRE GBL REAL ESTATE INC FD	COM	12504G100	692	70,690	SH		SOLE		69,456	0	1,234
CENTRAL & EASTERN EUROPE FD	COM	153436100	400	15,163	SH		SOLE		15,163	0	0
CENTRAL SECS CORP	COM	155123102	3,163	70,955	SH		SOLE		70,572	0	383
CHINA FD INC	COM	169373107	717	39,226	SH		SOLE		39,226	0	0
CLOUGH GLOBAL DIVID & INCOME	COM	18913Y103	1,419	132,366	SH		SOLE		132,366	0	0
CLOUGH GLOBAL EQUITY FD	COM	18914C100	963	73,302	SH		SOLE		73,302	0	0
CLOUGH GLOBAL OPPORTUNITIES	SH BEN INT	18914E106	2,601	244,473	SH		SOLE		242,181	0	2,292
COHEN & STEERS TAX ADVAN PFD	COM	19249X108	493	20,500	SH		SOLE		20,500	0	0
CREDIT SUISSE ASSET MGMT INC	COM	224916106	274	79,823	SH		SOLE		79,823	0	0
CREDIT SUISSE HIGH YIELD BD	SH BEN INT	22544F103	723	292,686	SH		SOLE		279,769	0	12,917
DELAWARE ENHANCED GLOBAL DIV	COM	246060107	2,474	243,714	SH		SOLE		243,714	0	0
DELAWARE INVTS DIVID & INCOM	COM	245915103	1,348	115,226	SH		SOLE		114,531	0	695
DOUBLELINE INCOME SOLUTIONS	COM	258622109	5,075	314,828	SH		SOLE		310,096	0	4,732
DOUBLELINE OPPORTUNISTIC CR	COM	258623107	854	44,541	SH		SOLE		43,991	0	550
DOUBLELINE YIELD OPPORTUNITI	COM	25862D105	1,781	95,247	SH		SOLE		92,726	0	2,521
EATON VANCE SR INCOME TR	SH BEN INT	27826S103	1,304	193,457	SH		SOLE		189,657	0	3,800
EATON VANCE TAX ADVT DIV INC	COM	27828G107	553	18,550	SH		SOLE		18,524	0	26
EATON VANCE TAX-MANAGED GLOB	COM	27829F108	452	42,389	SH		SOLE		42,389	0	0
EATON VANCE TX ADV GLBL DIV	COM	27828S101	4,520	198,844	SH		SOLE		197,248	0	1,596
ELLSWORTH GROWTH & INCOME FD	COM	289074106	418	33,789	SH		SOLE		33,789	0	0
EUROPEAN EQUITY FD INC	COM	298768102	1,999	192,773	SH		SOLE		191,893	0	880
FIRST TR DYNAMIC EUROPE EQUI	COM SHS	33740d107	1,974	148,629	SH		SOLE		148,629	0	0
FIRST TR ENERGY INFRASTRCTR	COM	33738C103	485	35,853	SH		SOLE		33,187	0	2,666
FIRST TR ENHANCED EQUITY INC	COM	337318109	2,254	105,859	SH		SOLE		105,748	0	111
FIRST TR HIGH INCOME LONG /	COM	33738E109	1,149	73,704	SH		SOLE		73,704	0	0
FIRST TR SPECIALTY FIN & FIN	COM BEN INTR	33733G109	354	86,527	SH		SOLE		76,511	0	10,016
FIRST TR SR FLTG RATE INCOME	COM	33733U108	1,556	129,012	SH		SOLE		127,439	0	1,573
FRANKLIN LTD DURATION INCOME	COM	35472T101	708	77,865	SH		SOLE		76,049	0	1,816
FRANKLIN UNVL TR	SH BEN INT	355145103	2,241	264,873	SH		SOLE		259,345	0	5,528
GABELLI CONV & INC SECS FD I	COM	36240B109	140	20,355	SH		SOLE		17,854	0	2,501
GABELLI DIVID & INCOME TR	COM	36242H104	9,929	367,756	SH		SOLE		364,891	0	2,865
GABELLI EQUITY TR INC	COM	362397101	439	61,098	SH		SOLE		61,098	0	0
GABELLI GLOBAL SMALL & MID C	COM	36249W104	381	23,963	SH		SOLE		23,048	0	915
GENERAL AMERN INVS CO INC	COM	368802104	4,850	109,736	SH		SOLE		108,795	0	941
HANCOCK JOHN INVT TR	TAX ADV GLB SH	41013P749	945	145,632	SH		SOLE		145,632	0	0
HERZFELD CARIBBEAN BASIN FD	COM	42804T106	168	30,299	SH		SOLE		30,299	0	0
HIGHLAND GLOBAL ALLOCATION F	COM	43010T104	2,123	234,076	SH		SOLE		232,940	0	1,136
INVESCO HIGH INCOME TR II	COM	46131F101	1,263	87,962	SH		SOLE		85,124	0	2,838
INVESCO SR INCOME TR	COM	46131H107	475	109,600	SH		SOLE		109,600	0	0
JAPAN SMALLER CAPITALIZATION	COM	47109U104	321	40,727	SH		SOLE		40,727	0	0
JOHN HANCOCK HEDGED EQUITY &	COM	47804L102	2,589	199,186	SH		SOLE		198,646	0	540
KKR INCOME OPPORTUNITIES FD	COM	48249T106	1,882	111,233	SH		SOLE		109,963	0	1,270
KOREA FD INC	COM NEW	500634209	202	5,877	SH		SOLE		5,877	0	0
LAZARD GLOBAL TOTAL RETURN &	COM	52106W103	1,953	96,645	SH		SOLE		96,146	0	499
LIBERTY ALL STAR EQUITY FD	SH BEN INT	530158104	2,034	242,702	SH		SOLE		242,664	0	38
LIBERTY ALL-STAR GROWTH FD I	COM	529900102	1,495	166,130	SH		SOLE		165,891	0	239
LMP CAP & INCOME FD INC	COM	50208A102	2,386	156,987	SH		SOLE		156,987	0	0
MACQUARIE / FIRST TR GLOBAL	COM	55607W100	539	55,830	SH		SOLE		55,830	0	0
MAINSTAY CBRE GBL INFRSTR ME	COM	56064Q107	353	18,300	SH		SOLE		18,300	0	0
MFS CHARTER INCOME TR	SH BEN INT	552727109	122	14,300	SH		SOLE		14,300	0	0
MORGAN STANLEY CHINA A SH FD	COM	617468103	847	41,487	SH		SOLE		41,487	0	0
MORGAN STANLEY EMERGING MKTS	COM	617477104	875	159,760	SH		SOLE		152,601	0	7,159
NEUBERGER BERMAN HIGH YIELD	COM	64128C106	270	21,700	SH		SOLE		18,705	0	2,995
NEUBERGER BERMAN NEXT GENERA	COMMON STOCK	64133Q108	657	38,000	SH		SOLE		36,242	0	1,758
NEUBERGER BERMAN REAL ESTATE	COM	64190A103	339	64,365	SH		SOLE		64,365	0	0
NEW GERMANY FD INC	COM	644465106	2,934	198,109	SH		SOLE		197,393	0	716
NEW IRELAND FD INC	COM	645673104	894	80,115	SH		SOLE		79,213	0	902
NUVEEN CORE EQUITY ALPHA FD	COM	67090X107	979	52,714	SH		SOLE		52,714	0	0
NUVEEN CORE PLUS IMPACT FUND	COM BEN INT	67080D103	500	27,303	SH		SOLE		24,556	0	2,747
NUVEEN CR STRATEGIES INCOME	COM SHS	67073D102	2,517	387,850	SH		SOLE		382,539	0	5,311
NUVEEN DOW 30 DYNMC OVERWRT	SHS	67075F105	7,424	417,799	SH		SOLE		416,333	0	1,466
NUVEEN EMERGING MKTS DEBT 20	COM	67077P101	1,216	160,590	SH		SOLE		160,590	0	0
NUVEEN FLOATING RATE INCOME	COM	67072T108	2,102	206,650	SH		SOLE		205,591	0	1,059
NUVEEN FLOATING RATE INCOME	COM SHS	6706EN100	2,037	201,076	SH		SOLE		198,245	0	2,831
NUVEEN GLOBAL HIGH INCOME FD	SHS	67075G103	1,277	80,434	SH		SOLE		80,434	0	0
NUVEEN MORTGAGE AND INCOME F	COM	670735109	244	11,628	SH		SOLE		10,215	0	1,413
NUVEEN MULTI ASSET INCOME FU	COM	670750108	1,584	84,942	SH		SOLE		84,692	0	250
NUVEEN MULTI-MKT INCOME FD	COM	67075J107	78	10,349	SH		SOLE		10,349	0	0
NUVEEN NASDAQ 100 DYNAMIC OV	COM SHS	670699107	2,334	76,139	SH		SOLE		75,259	0	880
NUVEEN PFD & INCM SECURTIES	COM	67072C105	3,142	323,298	SH		SOLE		319,853	0	3,445
NUVEEN PFD & INCOME 2022 TER	COM	67075T105	306	12,450	SH		SOLE		12,450	0	0
NUVEEN PFD & INCOME OPPORTUN	COM	67073B106	3,608	369,687	SH		SOLE		369,350	0	337
NUVEEN REAL ASSET INCOME & G	COM	67074Y105	1,191	73,862	SH		SOLE		73,862	0	0
NUVEEN REAL ESTATE INCOME FD	COM	67071B108	380	29,615	SH		SOLE		27,826	0	1,789
NUVEEN S&P 500 BUY-WRITE INC	COM	6706ER101	5,010	342,005	SH		SOLE		339,940	0	2,065
NUVEEN S&P 500 DYNAMIC OVERW	COM	6706EW100	4,511	242,503	SH		SOLE		239,032	0	3,471
NUVEEN SHORT DURATION CR OPP	COM	67074X107	1,601	108,042	SH		SOLE		105,976	0	2,066
NUVEEN SR INCOME FD	COM	67067Y104	3,404	576,916	SH		SOLE		566,454	0	10,462
PGIM GLOBAL HIGH YIELD FD FO	COM	69346J106	2,834	187,809	SH		SOLE		181,404	0	6,405
PGIM HIGH YIELD BOND FUND IN	COM	69346H100	2,158	134,445	SH		SOLE		134,445	0	0
PGIM SHORT DUR HIG YLD OPP F	COM	69355J104	474	25,700	SH		SOLE		25,700	0	0
PIONEER DIVERSIFIED HIGH INC	COM	723653101	421	27,488	SH		SOLE		27,488	0	0
PIONEER FLOATING RATE FUND I	COM	72369J102	632	54,470	SH		SOLE		53,124	0	1,346
PIONEER HIGH INCOME FUND INC	COM	72369H106	832	85,734	SH		SOLE		83,469	0	2,265
PRINCIPAL REAL ESTATE INCOME	SHS BEN INT	74255X104	787	49,871	SH		SOLE		49,871	0	0
PUTNAM MASTER INTER INCOME T	SH BEN INT	746909100	1,792	453,789	SH		SOLE		449,030	0	4,759
PUTNAM PREMIER INCOME TR	SH BEN INT	746853100	3,036	710,940	SH		SOLE		708,582	0	2,358
RIVERNORTH OPPORTUNITIES FD	COM	76881y109	853	53,473	SH		SOLE		52,281	0	1,192
RIVERNORTH SPECIALTY FIN COR	COM	76882B108	1,199	62,470	SH		SOLE		62,470	0	0
ROYCE GLOBAL VALUE TR INC	COM	78081T104	269	20,469	SH		SOLE		20,469	0	0
ROYCE MICRO-CAP TR INC	COM	780915104	4,736	410,078	SH		SOLE		405,379	0	4,699
ROYCE VALUE TR INC	COM	780910105	1,792	91,480	SH		SOLE		89,024	0	2,456
SABA CAPITAL INCOME & OPRNT	SHARES	78518H103	848	187,593	SH		SOLE		187,593	0	0
SOURCE CAP INC	COM	836144105	6,627	153,371	SH		SOLE		153,136	0	235
SPDR S&P 500 ETF TR	TR UNIT	78462F103	18,310	38,550	SH		SOLE		38,044	0	506
SPECIAL OPPORTUNITIES FD INC	COM	84741T104	162	10,457	SH		SOLE		10,457	0	0
SPROTT FOCUS TR INC	COM	85208J109	1,340	155,762	SH		SOLE		153,852	0	1,910
SWISS HELVETIA FD INC	COM	870875101	1,714	172,410	SH		SOLE		169,542	0	2,868
TAIWAN FD INC	COM	874036106	886	23,574	SH		SOLE		23,574	0	0
TEMPLETON DRAGON FD INC	COM	88018T101	831	48,867	SH		SOLE		48,867	0	0
TEMPLETON EMERGING MKTS FD	COM	880191101	165	10,276	SH		SOLE		10,276	0	0
TEMPLETON EMERGING MKTS INCO	COM	880192109	299	41,051	SH		SOLE		41,051	0	0
TEMPLETON GLOBAL INCOME FD	COM	880198106	1,363	262,644	SH		SOLE		249,774	0	12,870
THORNBURG INCM BUILDER OPP T	COM	885213108	896	48,000	SH		SOLE		48,000	0	0
TRI CONTL CORP	COM	895436103	3,758	113,218	SH		SOLE		113,218	0	0
VIRTUS ALLIANZGI CONVERTIBLE	COM	92838U108	676	132,511	SH		SOLE		129,856	0	2,655
VIRTUS ALLIANZGI CONVERTIBLE	COM	92838X102	424	72,719	SH		SOLE		72,719	0	0
VIRTUS ALLIANZGI EQUITY & CO	COM	92841M101	4,122	136,748	SH		SOLE		135,640	0	1,108
VIRTUS DIVIDEND INTEREST & P	COM	92840R101	8,696	541,477	SH		SOLE		535,591	0	5,886
VIRTUS GLOBAL MULTI-SECTOR I	COM	92829B101	2,876	257,670	SH		SOLE		253,214	0	4,456
VOYA ASIA PAC HIGH DIV EQT I	COM	92912J102	1,002	123,494	SH		SOLE		122,678	0	816
VOYA EMERGING MKTS HIGH DIVI	COM	92912P108	490	68,990	SH		SOLE		68,990	0	0
VOYA GLBL ADV & PREM OPP FD	COM	92912R104	1,188	114,539	SH		SOLE		113,641	0	898
VOYA GLBL EQTY DIV & PREM OP	COM	92912T100	352	56,763	SH		SOLE		53,817	0	2,946
VOYA INFRASTRUCTURE INDLS &	COM	92912X101	239	19,783	SH		SOLE		19,783	0	0
WESTERN ASSET DIVERSIFIED IN	COM SHS BEN INT	95790K109	1,798	98,200	SH		SOLE		98,200	0	0
WESTERN ASSET EMERGING MKTS	COM	95766A101	2,190	171,107	SH		SOLE		167,688	0	3,419
WESTERN ASSET GBL HIGH INC F	COM	95766B109	2,570	254,248	SH		SOLE		251,939	0	2,309
WESTERN ASSET GLOBAL CORP DE	COM	95790C107	484	27,667	SH		SOLE		26,215	0	1,452
WESTERN ASSET HIGH INCOME FD	COM	95766J102	1,657	231,361	SH		SOLE		231,361	0	0
WESTERN ASSET HIGH INCOME OP	COM	95766K109	986	189,706	SH		SOLE		189,265	0	441
WESTERN ASSET HIGH YIELD DEF	COM	95768B107	820	52,013	SH		SOLE		51,358	0	655
WESTERN ASSET MTG DEFINED OP	COM	95790B109	176	11,583	SH		SOLE		11,583	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:	3101 Wilson 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:	161
Form 13F Information table Value Total:	283161 (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: