Matisse Discounted Bond CEF Strategy

Portfolio Holdings as of 6/30/2020

Ticker Cusip Description Shares Market Value % of Portfolio
FAX 003009107 ABERDEEN ASIA PACIFIC INCOME FUND 56,000.000 $213,360.00 3.60%
TEI 880192109 Templeton Emerging Markets Income Fund 27,100.000 $212,735.00 3.59%
HFRO 43010E404 HIGHLAND INCOME FUND 26,400.000 $212,520.00 3.58%
EMD 95766A101 Western Asset Emerging MarketsDebt 17,200.000 $211,904.00 3.57%
AFT 037636107 Apollo Senior Floating Rate Fund 16,900.000 $210,067.00 3.54%
VTA 46132R104 INVESCO DYNAMIC CREDIT OPP FUND 23,600.000 $210,040.00 3.54%
FSLF 32010E100 FIRST EAGLE SENIOR LOAN FUND 17,000.000 $209,610.00 3.53%
EDD 617477104 Morgan Stanley Emerg ing Markets Domestic 36,300.000 $205,095.00 3.46%
NXJ 67069Y102 Nuveen New Jersey Qu Quality Municipal 15,200.000 $201,410.64 3.40%
RSF 76882B108 RIVERNORTH SPECIALTY FINANCE CORP 12,994.000 $192,960.90 3.25%
AIF 037638103 Apollo Tactical Income Fund Inc 15,200.000 $188,784.00 3.18%
GIM 880198106 Templeton Global Income Fund 35,000.000 $187,950.00 3.17%
FRA 09255X100 BLACKROCK FLOAT INCOME STRATEGIES 16,700.000 $186,706.00 3.15%
ARDC 04014F102 Ares Dynamic Credit Allocation Fund Inc 15,500.000 $184,915.00 3.12%
VCIF 92535C104 VERTICAL CAPITAL INCOME FUND 19,100.000 $184,888.00 3.12%
BGB 09257R101 BLACKSTONE/GSO STRATEGIC C 16,000.000 $182,720.00 3.08%
DHF 09660L105 BNYM HIGH YIELD STRAT 71,000.000 $181,760.00 3.06%
JQC 67073D102 Nuveen Credit Strategies Income 30,749.000 $179,574.16 3.03%
JFR 67072T108 Nuveen Floating Rate Income Fund 19,300.000 $152,470.00 2.57%
VCV 46132H106 INVESCO CA CLOSED END FUND 10,600.000 $123,808.00 2.09%
DHY 22544F103 Credit Suisse High Yield Bond Fund 60,000.000 $120,000.00 2.02%
NBW 64123C101 Neuberger Berman Cal ifornia Intermediate 8,494.000 $109,275.31 1.84%
KSM 23342Q101 DWS STRATEGIC MUNICIPAL INCO 9,817.000 $103,078.50 1.74%
NBO 64124K102 Neuberger Berman New York Intermediate M 8,900.000 $103,062.00 1.74%
VPV 46132K109 INVESCO PENNSYLVANIA VALUE M 8,600.000 $102,082.00 1.72%
MHI 723763108 Pioneer Municipal High Income Trust 9,000.000 $101,610.00 1.71%
VTN 46131T101 Invesco Trust For Investment Grade NY 8,100.000 $98,658.00 1.66%
VLT 46131F101 INVESCO HIGH INCOME TRUST II 8,000.000 $95,600.00 1.61%
JGH 67075G103 NUVEEN GLOBAL H-I FD 7,000.000 $92,750.00 1.56%
NKG 67072B107 Nuveen Georgia Quali ty Municipal Income 7,600.000 $92,720.00 1.56%
HNW 723653101 PIONEER DIVERSIFIED HIGH INCOME 7,700.000 $92,523.20 1.56%
BFZ 09248E102 BlackRock California Municipal Income Tr 6,800.000 $89,556.00 1.51%
GHY 69346J106 PGIM GLOBAL HIGH YIELD FUND 7,004.000 $89,090.88 1.50%
MUJ 09254X101 BlackRock MuniHoldin gs New Jersey Qualit 6,400.000 $85,696.00 1.44%
NUO 670980101 Nuveen Ohio Quility Muni Income Fund 5,700.000 $85,557.00 1.44%
NJV 670702109 NUVEEN NJ MUNI VALUE FD 6,727.000 $84,222.04 1.42%
NUM 670979103 Nuveen Michigan Qual ity Municipal Income 6,000.000 $82,080.00 1.38%
WIW 95766R104 Western Asset Opp & Income Fund 6,900.000 $75,624.00 1.28%
BGT 091941104 BLACKROCK FLT RT INC 6,700.000 $73,566.00 1.24%
JRO 6706EN100 NUVEEN FLT RATE INC OPP FD 9,000.000 $70,650.00 1.19%
BWG 10537L104 BRANDYWINE GLOBAL INCO 5,650.000 $65,201.00 1.10%
JSD 67074X107 Nuveen Short Duration Credit Opp 4,200.000 $49,518.00 0.83%
VFL 24610T108 DELAWARE INV NATL MUNI FUND 3,500.000 $42,840.00 0.72%
NYV 670706100 Nuveen New York Municipal Value Fund 1,944.000 $26,496.72 0.45%
VVR 46131H107 Invesco Senior Income Trust 5,497.000 $19,019.62 0.32%
BGX 09257D102 Blackstone/GSO Long- Short Credit Income 1,500.000 $18,075.00 0.30%
CIK 224916106 CREDIT SUISSE ASSET MGMT 6,325.000 $17,140.75 0.29%
FIGXX 316175108 Fidelity Investments Money Market Funds 12,314.430 $12,314.43 0.21%

Totals 743,215.430 $5,931,284.15