Matisse Discounted Closed-End Fund Strategy Institutional CL

Portfolio Holdings as of 12/31/2018

Ticker Cusip Description Shares Market Value % of Portfolio
GDL 361570104 The GDL Fund 423,020.000 $3,879,093.40 7.85%
RIF 76970B101 RMR Asia Pac Real 238,423.000 $3,593,034.61 7.28%
MSF 61744G107 MORGAN STANLEY EMG 222,499.000 $3,584,458.89 7.26%
DNI 25538A204 Dividend and Income Fund, Inc 310,000.000 $2,954,300.00 5.98%
MXF 592835102 Mexico Fund Inc 218,727.000 $2,898,132.75 5.87%
NHF 65340G205 Nexpoint Cr Strategies Fund 144,833.000 $2,886,521.69 5.84%
PSH NA G7016V101 Pershing Square Holdings, Ltd. 220,000.000 $2,846,800.00 5.76%
EGIF 26958J105 EAGLE GRWTH & INCOME OPPTY FD 191,000.000 $2,410,420.00 4.88%
NKG 67072B107 NUVEEN GA QUALITY MUN INCOME FD 210,100.000 $2,300,595.00 4.66%
MYJ 09254Y109 BLACKROCK MUNIYIELD N J FD INC 176,900.000 $2,290,855.00 4.64%
CHN 169373107 China Fund Inc 129,171.000 $2,181,698.19 4.42%
EXD 27829M103 Eaton Vance Tax-Ad 237,151.000 $2,020,526.52 4.09%
GGZ 36249W104 GABELLI GLB SML & MD CP VAL TR 178,000.000 $1,740,768.81 3.52%
AEF 00301W105 Aberdeen Chile Fun 265,000.000 $1,682,749.98 3.41%
CEE 153436100 Cent Euro Rus & Tu 74,037.000 $1,627,333.26 3.30%
TPOU LN G8846K109 Third Point Offshore Investors 114,000.000 $1,596,000.00 3.23%
EVJ 27826V106 EATON VANCE NEW JERSEY MUN INCOME TR 136,900.000 $1,531,911.00 3.10%
NAZ 67061W104 NUVEEN ARIZ QUALITY MUN INCOME FD 116,400.000 $1,380,504.00 2.80%
APB 044901106 Asia Pacific Fund 100,520.000 $1,148,189.71 2.32%
TWN 874036106 Hsbc Asset Mgt Ltd 49,978.000 $757,666.48 1.53%
NBW 64123C101 Neuberger Berman California Municip Fund 53,152.000 $644,202.24 1.30%
EMJ 27828R103 EATON VANCE N J MUN BD FD FORMERLY EATON 53,700.000 $643,326.00 1.30%
MXE 592834105 Mexico Equity&Inc 60,796.000 $612,215.72 1.24%
CCA 59318C106 MFS CALIF MUN FD 58,207.000 $582,186.41 1.18%
BFY 09249R102 BLACKROCK NEW YORK MUN INCOME TR II 42,488.000 $526,851.20 1.07%
SPYUF G8757F131 Terra Capital Plc 320,030.000 $320,030.00 0.65%
EVO 27826G109 EATON VANCE OHIO MUN INCOME TR 20,298.000 $246,417.72 0.50%
TDF 88018T101 Templeton Dragon F 10,000.000 $170,000.00 0.34%
ARDC 04014F102 Ares Dynamic Cr Allocation Fd Inc 7,988.000 $110,234.40 0.22%
VMM 24610V103 DELAWARE INVTS MINN MUN INCOME FD II INC 8,000.000 $94,880.00 0.19%
NMS 670734102 Nuveen Minnesota Quality Municipal Incom 5,700.000 $69,141.57 0.14%
IRL 645673104 NEW Ireland Fund 3,392.000 $28,323.20 0.06%
XFLT 98400T106 XAI Octagon Floating Rate Alternative In 3,810.000 $27,851.10 0.06%
FIGXX 316175108 Fidelity Instituti 0.000 $0.00 0.00%
FSD 33738E109 FIRST TR HIGH INCOME L/S FD 0.000 $0.00 0.00%
ENX 27827Y109 Eaton Vance New York Municipal Bond Fund 0.000 $0.00 0.00%

Totals 4,404,220.000 $49,387,218.85