Full Value Advisors

Full Value Advisors as of June 30, 2007

Portfolio Holdings for Full Value Advisors

Full Value Advisors holds 96 positions in its portfolio as reported in the June 2007 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Tri-Continental Corporation (TY) 6.2 $39M 1.5M 26.02
New Germany Fund (GF) 5.7 $36M 2.0M 17.75
Putnam Master Int. Income (PIM) 5.6 $36M 5.4M 6.60
Neuberger Berman Real Incm F 5.6 $36M 1.3M 26.42
MFS Government Markets Income Trust (MGF) 5.0 $32M 4.8M 6.65
Cohen & Steers infrastucture Fund (UTF) 4.5 $28M 1.1M 26.26
Putnam Premier Income Trust (PPT) 3.5 $23M 3.4M 6.60
Neuberger Berman Rlty 3.5 $22M 993k 22.56
Putnam Tax Free Health Care sh ben int 3.5 $22M 1.6M 13.67
Neuberger Berman Real Estate Sec (NRO) 3.2 $21M 1.2M 17.15
Claymore Raymond James Sb1 E 2.5 $16M 806k 19.93
Franklin Universal Trust (FT) 2.5 $16M 2.2M 7.17
Pimco Municipal Advantage Fund mc 2.4 $15M 1.2M 13.15
NORTH PITTSBURGH SYS INC COM Stk 2.1 $13M 622k 21.25
Cohen & Steers Reit & Util I 2.0 $13M 605k 21.30
Acm Managed Income 2.0 $13M 3.3M 3.87
Gyrodyne Company of America 1.7 $11M 186k 57.39
Gabelli Dividend & Income Trust (GDV) 1.6 $10M 459k 22.34
Aberdeen Emerging Mkts Telecom & etf 1.6 $10M 471k 21.22
Broadridge Financial Solutions (BR) 1.5 $9.4M 492k 19.12
Pioneer Tax Advntage Balanc 1.4 $9.0M 605k 14.85
Wstrn Ast Clymr Infltn Lkd Opts & Inc (WIW) 1.3 $8.0M 702k 11.37
Swiss Helvetia Fund (SWZ) 1.1 $7.0M 394k 17.80
Putnam High Income Securities Fund 1.1 $7.0M 784k 8.89
Rmr Real Estate Fd sh ben int 1.1 $7.0M 435k 16.05
Armstrong World Industries (AWI) 1.1 $6.8M 136k 50.15
Dws Global Commodities Stk F 1.1 $6.8M 421k 16.23
Mexico Fund (MXF) 1.0 $6.4M 152k 41.99
Bancroft Fund (BCV) 0.9 $5.9M 277k 21.32
LMP Capital and Income Fund (SCD) 0.9 $5.8M 285k 20.46
Dws Rreef Real Estate Fd Inc mc 0.9 $5.7M 240k 23.70
Dekania 0.8 $5.3M 565k 9.33
Vestin Rlty Mtg Ii 0.8 $5.2M 905k 5.76
Morgan Stanley Asia Pacific Fund 0.8 $5.2M 251k 20.54
First Tr Value Line 100 0.8 $5.1M 304k 16.67
Energy Infras 0.8 $4.9M 504k 9.76
BlackRock Enhanced Capital and Income (CII) 0.8 $5.0M 224k 22.08
Western Asset Inflation Mgnt Fnd 0.8 $4.8M 302k 15.86
Owens Corning (OC) 0.8 $4.8M 142k 33.62
Rmr Hospitality & Real Estate 0.8 $4.7M 218k 21.68
Wilshire Oil Co Tex 0.7 $4.5M 1.2M 3.89
Medallion Financial (MFIN) 0.6 $4.1M 346k 11.83
Ellsworth Fund (ECF) 0.6 $4.0M 442k 9.15
Airnet Systems 0.6 $3.9M 1.2M 3.33
Time Warner Cable Inc cl a 0.6 $3.7M 96k 39.16
Central Europe and Russia Fund (CEE) 0.6 $3.7M 71k 51.70
Zweig Total Return Fund 0.6 $3.6M 701k 5.07
Temple-Inland 0.5 $3.4M 55k 61.53
Mexico Equity and Income Fund (MXE) 0.5 $3.4M 95k 35.41
Other strategy 0.5 $3.4M 152k 22.18
Boulder Total Return Fund 0.5 $3.2M 151k 21.33
Dws Rreef Real Estate Fd Ii 0.5 $3.0M 168k 17.97
John Hancock Tax-Advantage Dvd Incom (HTD) 0.5 $2.9M 151k 19.52
Morgan Stanley Emerging Markets Fund 0.4 $2.5M 90k 27.20
LGL (LGL) 0.4 $2.5M 192k 12.80
Roberts Realty Investors 0.4 $2.5M 324k 7.70
Millennium India Acquisition Company (MILC) 0.4 $2.5M 329k 7.49
Time Warner 0.4 $2.3M 107k 21.05
Templeton Dragon Fund (TDF) 0.4 $2.3M 87k 26.30
Ntr Acquisition 0.4 $2.3M 241k 9.47
Wstrn Asst Emrgng Mrkts Incm Fnd 0.3 $2.1M 158k 13.32
Western Asset Emerging Mrkts Dbt Fnd (EMD) 0.3 $1.9M 109k 17.87
Great Lakes Ban 0.3 $2.0M 149k 13.20
Putnam High Yield Mun Tr sh ben int 0.3 $1.9M 264k 7.39
America First Apartment Inv 0.3 $1.9M 76k 24.74
WINTHROP REALTY TRUST Com Reit 0.3 $1.8M 262k 6.91
Akzo Nobel 0.3 $1.8M 20k 85.77
Asia Tigers Fund 0.3 $1.8M 70k 25.44
Renaissance Acquisition 0.2 $1.5M 266k 5.60
TFS Financial Corporation (TFSL) 0.2 $1.2M 101k 11.53
Western Asst Mun Prt Fd Ii 0.2 $1.1M 89k 12.80
Consolidated-Tomoka Land 0.2 $1.1M 15k 69.31
FFD Financial Corporation (FFDF) 0.2 $1.1M 70k 15.85
Morgan Stanley High Yield 0.1 $938k 158k 5.94
Crystal Riv Cap 0.1 $753k 31k 24.29
40 / 86 Strategic Income Fd sh ben int 0.1 $765k 77k 9.90
Oritani Financial Corp 0.1 $605k 40k 15.01
Boulder Growth & Income Fund (STEW) 0.1 $503k 42k 11.86
Wauwatosa Holdings 0.1 $491k 30k 16.53
Putnam Invt Grade Mun Tr 0.1 $485k 49k 10.00
Magyar Ban 0.1 $475k 34k 14.18
Ready Mix 0.1 $444k 35k 12.71
Prudential Bancorp, Inc. of PA 0.1 $387k 30k 12.99
Fox Chase Bancorp 0.1 $313k 23k 13.67
SunAmerica Focused Alpha Growth Fund 0.1 $317k 17k 19.10
Adams Express Company (ADX) 0.1 $291k 20k 14.90
MFS Charter Income Trust (MCR) 0.1 $292k 35k 8.46
Neuberger Berman Income Opp 0.1 $295k 12k 25.00
Center Ban 0.0 $279k 19k 14.76
Zweig Fund 0.0 $228k 37k 6.15
Western Asset Worldwide Income Fund 0.0 $165k 12k 13.75
Investors Ban 0.0 $140k 10k 13.46
Grupo Televisa (TV) 0.0 $73k 13k 5.49
TCW Strategic Income Fund (TSI) 0.0 $50k 10k 5.00
Selectica Inc Del 0.0 $37k 19k 1.93
Golf Tr Amer 0.0 $36k 15k 2.40