Matisse Discounted Closed-End Fund Strategy Institutional CL

Portfolio Holdings as of 10/31/2018

Ticker Cusip Description Shares Market Value % of Portfolio
AEF 00301W105 Aberdeen Chile Fun 698,814.000 $4,458,433.32 7.00%
RIF 76970B101 RMR Asia Pac Real 238,423.000 $4,026,964.47 6.32%
GDL 361570104 The GDL Fund 423,020.000 $3,743,727.00 5.88%
MSF 61744G107 MORGAN STANLEY EMG 222,499.000 $3,559,984.00 5.59%
DNI 25538A204 Dividend and Income Fund, Inc 310,000.000 $3,410,000.00 5.35%
PSH NA G7016V101 Pershing Square Holdings, Ltd. 220,000.000 $3,159,200.00 4.96%
NHF 65340G205 Nexpoint Cr Strategies Fund 144,833.000 $3,128,392.80 4.91%
MXF 592835102 Mexico Fund Inc 218,727.000 $2,961,563.58 4.65%
EGIF 26958J105 EAGLE GRWTH & INCOME OPPTY FD 191,000.000 $2,729,390.00 4.28%
LDF 51828C106 Latin Amer Discvry 200,000.000 $2,368,000.00 3.72%
NKG 67072B107 NUVEEN GA QUALITY MUN INCOME FD 216,000.000 $2,330,640.00 3.66%
MYJ 09254Y109 BLACKROCK MUNIYIELD N J FD INC 177,000.000 $2,242,590.00 3.52%
NAZ 67061W104 NUVEEN ARIZ QUALITY MUN INCOME FD 191,000.000 $2,207,960.00 3.47%
CHN 169373107 China Fund Inc 129,171.000 $2,193,323.58 3.44%
BFY 09249R102 BLACKROCK NEW YORK MUN INCOME TR II 150,000.000 $1,822,500.00 2.86%
CEE 153436100 Cent Euro Rus & Tu 78,680.000 $1,806,492.80 2.84%
TPOU LN G8846K109 Third Point Offshore Investors 114,000.000 $1,661,550.01 2.61%
EXD 27829M103 Eaton Vance Tax-Ad 185,872.000 $1,552,031.20 2.44%
EVJ 27826V106 EATON VANCE NEW JERSEY MUN INCOME TR 136,900.000 $1,500,424.00 2.36%
APB 044901106 Asia Pacific Fund 100,520.000 $1,236,396.00 1.94%
EVM 27828A100 Eaton Vance Insured California Municipal 99,868.000 $973,713.00 1.53%
GGZ 36249W104 GABELLI GLB SML & MD CP VAL TR 86,930.000 $935,366.80 1.47%
MUJ 09254X101 BlackRock Muniholdings New Jersey Insure 69,089.000 $853,940.04 1.34%
TWN 874036106 Hsbc Asset Mgt Ltd 49,978.000 $837,666.27 1.32%
EMI 27826D106 EATON VANCE MI MUNI INCOME TR SH BEN INT 60,000.000 $712,800.00 1.12%
NBW 64123C101 Neuberger Berman California Municip Fund 58,897.000 $711,475.76 1.12%
MCA 09254N103 BLACKROCK MUNIYIELD CALIF QUALITY FD INC 50,100.000 $622,883.28 0.98%
EMJ 27828R103 EATON VANCE N J MUN BD FD FORMERLY EATON 53,700.000 $618,624.00 0.97%
MXE 592834105 Mexico Equity&Inc 60,796.000 $611,607.76 0.96%
CCA 59318C106 MFS CALIF MUN FD 60,100.000 $595,591.00 0.94%
CET 155123102 Central Securities Corporation 20,126.000 $546,420.90 0.86%
BNY 09248L106 BLACKROCK N Y MUN INCOME TR 35,897.000 $424,661.51 0.67%
NBO 64124K102 Neuberger Berman California Municip Fund 34,141.000 $379,989.33 0.60%
BQH 09249P106 BLACKROCK NEW YORK MUN BD TR 23,263.000 $291,485.39 0.46%
SPYUF G8762U107 Terra Capital Plc 270,030.000 $270,030.00 0.42%
FSD 33738E109 FIRST TR HIGH INCOME L/S FD 19,332.000 $268,908.11 0.42%
NKX 670651108 NUVEEN CALIFORNIA MUN INCOME FD 19,502.000 $243,579.98 0.38%
EVO 27826G109 EATON VANCE OHIO MUN INCOME TR 20,298.000 $242,764.08 0.38%
NYH 27828T109 EATON VANCE N Y MUN BD FD II FORMERLY EA 19,721.000 $199,970.94 0.31%
MIW 27828M104 EATON VANCE MICH MUN BD FD FORMERLY EATO 16,000.000 $196,000.00 0.31%
CEV 27826F101 EATON VANCE CA 16,869.000 $184,040.79 0.29%
TDF 88018T101 Templeton Dragon F 10,000.000 $172,900.00 0.27%
NUM 670979103 NUVEEN MICH QUALITY INCOME MUN FD 13,680.000 $167,580.00 0.26%
FIGXX 316175108 Fidelity Instituti 162,487.050 $162,487.05 0.26%
MNE 09255F109 BLACKROCK MUNI N Y INTER DURAT 11,270.000 $137,944.80 0.22%
VMM 24610V103 DELAWARE INVTS MINN MUN INCOME FD II INC 8,000.000 $94,240.00 0.15%
IRL 645673104 NEW Ireland Fund 7,939.000 $72,880.02 0.11%
NTX 670983105 NUVEEN TEXAS QLT MUN 2,888.000 $35,349.12 0.06%
NAN 67066X107 NUVEEN N Y DIVID ADVANTAGE MUN FD 1,400.000 $16,940.00 0.03%
EIO 27828L106 EATON VANCE OHIO MUN BD FD FORMERLY EATO 932.000 $10,214.72 0.02%
BFZ 09248E102 BLACKROCK CALI MUN INCOME TR 500.000 $6,010.00 0.01%

Totals 5,710,192.050 $63,697,627.41