Matisse Discounted Closed-End Fund Strategy Institutional CL

Portfolio Holdings as of 3/31/2019

Ticker Cusip Description Shares Market Value % of Portfolio
RIF 76970B101 RMR Real Estate Inco me Fund 238,423.000 $4,456,125.87 9.01%
GDL 361570104 GDL Fund/The 423,020.000 $4,044,071.20 8.18%
PSH NA G7016V101 Pershing Square Hold ings Ltd/Fund 220,000.000 $3,784,000.00 7.65%
DNI 25538A204 Dividend and Income Fund 310,000.000 $3,521,600.00 7.12%
NHF 65340G205 NexPoint Strategic O pportunities Fund 144,833.000 $3,153,014.41 6.37%
MXF 592835102 Mexico Fund Inc/The 213,826.000 $2,959,351.84 5.98%
EGIF 26958J105 Eagle Growth & Incom e Opportunities Fund 191,000.000 $2,935,670.00 5.93%
GGZ 36249W104 Gabelli Global Small and Mid Cap Value T 178,000.000 $2,094,882.00 4.24%
CTR 18469Q108 CLEARBRIDGE ENERGY MLP TOTAL RETURN FUN 210,000.000 $2,037,000.00 4.12%
KMF 48661E108 KAYNE ANDERSON MID= STREAM/ENE 160,000.000 $1,904,000.00 3.85%
SMM 79471V105 Salient Midstream & MLP Fund 203,800.000 $1,872,922.00 3.79%
TPOU LN G8846K109 Third Point Offshore Investors Ltd 114,000.000 $1,698,600.00 3.43%
EXD 27829M103 Eaton Vance Tax-Adva ntaged Bond and Opti 170,697.000 $1,580,654.22 3.20%
CHN 169373107 China Fund Inc/The 76,585.000 $1,560,802.30 3.16%
AEF 00301W105 Aberdeen Emerging Ma rkets Equity Income 214,024.000 $1,555,954.48 3.15%
NAZ 67061W104 Nuveen Arizona Quali ty Municipal Income 116,400.000 $1,493,412.00 3.02%
BIF 101507101 BOULDER GROTH & INCOME FUND 128,600.000 $1,386,308.00 2.80%
CET 155123102 Central Securities C orp 44,581.000 $1,277,245.65 2.58%
CEE 153436100 Central and Eastern Europe Fund Inc 45,000.000 $1,082,331.00 2.19%
HGLB 43010T104 HIGHLAND GLOBAL ALLOCATION FUND 72,698.000 $939,258.16 1.90%
TWN 874036106 Taiwan Fund Inc/The 49,978.000 $895,120.97 1.81%
PEO 00548F105 Adams Natural Resour ces Fund Inc 48,111.000 $806,821.47 1.63%
SRV 231631201 CUSHING MLP & INFRASTRUCTURE 68,458.000 $714,701.52 1.44%
IRL 645673104 New Ireland Fund Inc /The 66,707.000 $601,030.07 1.22%
MXE 592834105 Mexico Equity & Inco me Fund Inc/Fund 39,375.000 $418,064.06 0.85%
FIGXX 316175108 Fidelity Investments Money Market Funds 235,625.750 $235,625.75 0.48%
GRF 269451100 EAGLE CAPITAL GROWTH FUND 21,387.000 $162,327.33 0.33%
IGR 12504G100 CBRE Clarion Global Real Estate Income F 21,350.000 $159,484.50 0.32%
VMM 24610V103 Delaware Investments Minnesota Municipal 8,000.000 $101,072.00 0.20%
SPYUF G8757F131 Terra Capital PLC/Fu nd 32,003.000 $32,003.00 0.06%
INF 11273Q109 BROOKFIELD GLOBAL LISTED INF 52.000 $640.64 0.00%

Totals 4,066,533.750 $49,464,094.45