Matisse Discounted Closed-End Fund Strategy Institutional CL

Portfolio Holdings as of 2/28/2019

Ticker Cusip Description Shares Market Value % of Portfolio
RIF 76970B101 RMR Real Estate Inco me Fund 238,423.000 $4,327,377.45 8.61%
GDL 361570104 GDL Fund/The 423,020.000 $4,056,677.20 8.07%
PSH NA G7016V101 Pershing Square Hold ings Ltd/Fund 220,000.000 $3,682,800.00 7.33%
DNI 25538A204 Dividend and Income Fund 310,000.000 $3,599,100.00 7.16%
NHF 65340G205 NexPoint Strategic O pportunities Fund 144,833.000 $3,161,704.39 6.29%
MXF 592835102 Mexico Fund Inc/The 218,727.000 $3,131,077.01 6.23%
EGIF 26958J105 Eagle Growth & Incom e Opportunities Fund 191,000.000 $2,926,120.00 5.82%
NKG 67072B107 Nuveen Georgia Quali ty Municipal Income 210,100.000 $2,422,453.00 4.82%
GGZ 36249W104 Gabelli Global Small and Mid Cap Value T 178,000.000 $2,103,960.00 4.19%
CTR 18469Q108 CLEARBRIDGE ENERGY MLP TOTAL RETURN FUN 210,000.000 $1,946,700.00 3.87%
CET 155123102 Central Securities C orp 64,000.000 $1,804,800.00 3.59%
KMF 48661E108 KAYNE ANDERSON MID= STREAM/ENE 158,000.000 $1,775,920.00 3.53%
AEF 00301W105 Aberdeen Emerging Ma rkets Equity Income 245,000.000 $1,764,000.00 3.51%
SMM 79471V105 Salient Midstream & MLP Fund 199,100.000 $1,742,125.00 3.47%
EXD 27829M103 Eaton Vance Tax-Adva ntaged Bond and Opti 173,152.000 $1,636,286.40 3.26%
TPOU LN G8846K109 Third Point Offshore Investors Ltd 114,000.000 $1,635,900.00 3.26%
CHN 169373107 China Fund Inc/The 76,585.000 $1,515,617.15 3.02%
NAZ 67061W104 Nuveen Arizona Quali ty Municipal Income 116,400.000 $1,450,344.00 2.89%
SRV 231631201 CUSHING MLP & INFRASTRUCTURE 110,299.000 $1,099,681.03 2.19%
CEE 153436100 Central and Eastern Europe Fund Inc 45,000.000 $1,086,750.00 2.16%
TWN 874036106 Taiwan Fund Inc/The 49,978.000 $841,629.52 1.68%
NBW 64123C101 Neuberger Berman Cal ifornia Intermediate 53,152.000 $677,688.00 1.35%
IRL 645673104 New Ireland Fund Inc /The 66,707.000 $625,044.59 1.24%
MXE 592834105 Mexico Equity & Inco me Fund Inc/Fund 39,375.000 $416,587.50 0.83%
EDD 617477104 Morgan Stanley Emerg ing Markets Domestic 43,632.000 $297,352.08 0.59%
PEO 00548F105 Adams Natural Resour ces Fund Inc 12,349.000 $203,264.54 0.40%
BIF 101507101 BOULDER GROTH & INCOME FUND 9,300.000 $99,510.00 0.20%
VMM 24610V103 Delaware Investments Minnesota Municipal 8,000.000 $98,800.00 0.20%
RGT 78081T104 ROYCE GLOBAL VALUE 5,084.000 $51,366.70 0.10%
SPYUF G8757F131 Terra Capital PLC/Fu nd 32,003.000 $32,003.00 0.06%
GRF 269451100 EAGLE CAPITAL GROWTH FUND 3,049.000 $22,942.20 0.05%
BFY 09249R102 BlackRock New York M unicipal Income Trus 178.000 $2,331.80 0.00%
INF 11273Q109 BROOKFIELD GLOBAL LISTED INF 52.000 $624.52 0.00%
FIGXX 316175108 Fidelity Investments Money Market Funds 0.000 $0.00 0.00%
NMS 670734102 Nuveen Minnesota Qua lity Municipal Incom 0.000 $0.00 0.00%

Totals 3,968,498.000 $50,238,537.07