Matisse Discounted Bond CEF Strategy

Portfolio Holdings as of 12/31/2020

Ticker Cusip Description Shares Market Value % of Portfolio
HFRO 43010E404 HIGHLAND INCOME FUND 87,000.000 $894,360.00 3.98%
FAX 003009107 ABERDEEN ASIA PACIFIC INCOME FUND 178,000.000 $792,100.00 3.53%
BWG 10537L104 BRANDYWINE GLOBAL INCO 63,000.000 $786,870.00 3.50%
RSF 76882B108 RIVERNORTH SPECIALTY FINANCE CORP 47,000.000 $779,730.00 3.47%
NXJ 67069Y102 Nuveen New Jersey Qu Quality Municipal 54,000.000 $775,980.00 3.45%
AIF 037638103 Apollo Tactical Income Fund Inc 53,570.000 $775,693.60 3.45%
JSD 67074X107 Nuveen Short Duration Credit Opp 58,000.000 $774,880.00 3.45%
VTA 46132R104 INVESCO DYNAMIC CREDIT OPP FUND 72,000.000 $773,280.00 3.44%
ARDC 04014F102 Ares Dynamic Credit Allocation Fund Inc 54,000.000 $771,660.00 3.44%
MSD 61744H105 MORGAN STANLEY MERGING MARKETS DEBT 83,000.000 $768,580.00 3.42%
FSLF 32010E100 FIRST EAGLE SENIOR LOAN FUND 55,000.000 $768,350.00 3.42%
AFT 037636107 Apollo Senior Floating Rate Fund 53,000.000 $763,200.00 3.40%
DYFN 03462A102 Angel Oak DYN Fin Strat INC 40,565.000 $758,159.85 3.38%
FINS 03464A100 ANGEL OAK FINANCIAL STRAT INCOMETRUST 45,000.000 $757,800.00 3.37%
GHY 69346J106 PGIM GLOBAL HIGH YIELD FUND 52,000.000 $755,560.00 3.36%
EDD 617477104 Morgan Stanley Emerg ing Markets Domestic 120,000.000 $754,800.00 3.36%
NBW 64123C101 Neuberger Berman Cal ifornia Intermediate 55,000.000 $748,000.00 3.33%
TEI 880192109 Templeton Emerging Markets Income Fund 95,000.000 $738,150.00 3.29%
JLS 670735109 Nuveen Mortgage & Income 36,754.000 $726,626.58 3.24%
BFZ 09248E102 BlackRock California Municipal Income Tr 50,361.000 $716,637.03 3.19%
JGH 67075G103 NUVEEN GLOBAL H-I FD 38,103.000 $592,501.65 2.64%
MYJ 09254Y109 BlackRock MuniYield New Jersey Fund Inc 37,971.000 $548,680.95 2.44%
BGB 09257R101 BLACKSTONE/GSO STRATEGIC C 39,000.000 $486,720.00 2.17%
WIW 95766R104 Western Asset Opp & Income Fund 38,300.000 $475,303.00 2.12%
BGX 09257D102 Blackstone/GSO Long- Short Credit Income 34,700.000 $465,674.00 2.07%
HYB 641876800 NEW AMERICA HIGH INCOME FUND 52,764.000 $457,991.52 2.04%
KSM 23342Q101 DWS STRATEGIC MUNICIPAL INCO 40,029.000 $456,330.60 2.03%
VCIF 92535C104 VERTICAL CAPITAL INCOME FUND 41,700.000 $410,328.00 1.83%
VPV 46132K109 INVESCO PENNSYLVANIA VALUE M 31,764.000 $405,308.64 1.80%
JFR 67072T108 Nuveen Floating Rate Income Fund 43,168.000 $377,288.32 1.68%
VMM 24610V103 Delaware Investments Minnesota Municipal 28,629.000 $375,612.48 1.67%
FRA 09255X100 BLACKROCK FLOAT INCOME STRATEGIES 25,665.000 $310,803.15 1.38%
NUO 670980101 Nuveen Ohio Quility Muni Income Fund 19,708.000 $308,528.74 1.37%
NJV 670702109 NUVEEN NJ MUNI VALUE FD 15,005.000 $210,305.58 0.94%
JQC 67073D102 Nuveen Credit Strategies Income 31,249.000 $197,806.17 0.88%
VTN 46131T101 Invesco Trust For Investment Grade NY 14,300.000 $186,615.00 0.83%
NUM 670979103 Nuveen Michigan Qual ity Municipal Income 10,000.000 $147,600.00 0.66%
JRO 6706EN100 NUVEEN FLT RATE INC OPP FD 16,400.000 $142,024.00 0.63%
NBO 64124K102 Neuberger Berman New York Intermediate M 8,900.000 $109,737.00 0.49%
VLT 46131F101 INVESCO HIGH INCOME TRUST II 8,000.000 $108,720.00 0.48%
BGT 091941104 BLACKROCK FLT RT INC 6,700.000 $78,993.00 0.35%
VFL 24610T108 DELAWARE INV NATL MUNI FUND 3,500.000 $46,095.00 0.21%
SBI 958435109 WESTERN ASSET INTERMEDIATE 4,147.000 $38,152.40 0.17%
NKG 67072B107 Nuveen Georgia Quali ty Municipal Income 2,800.000 $36,596.00 0.16%
FCT 33733U108 First Trust Senior Floating Rate Income 2,843.000 $33,035.66 0.15%
NYV 670706100 Nuveen New York Municipal Value Fund 1,944.000 $28,829.52 0.13%
AWF 01879R106 AllianceBernstein GL High Income 1,318.000 $15,512.86 0.07%
BGH 06760L100 BARINGS GLOBAL SHORT DURATION HIGH YIELD 900.000 $13,581.00 0.06%
BSL 09256U105 Blackstone/GSO Senior Float 732.000 $10,409.04 0.05%
EAD 94987B105 WELLS FARGO INCOME OPPORTUNITIES 329.000 $2,684.64 0.01%
KIO 48249T106 KKR OPPORTUNITIES FUND 156.000 $2,251.08 0.01%
FIGXX 316175108 Fidelity Investments Money Market Funds 0.000 $0.00 0.00%

Totals 1,952,974.000 $22,460,436.06