Matisse Discounted Bond CEF Strategy

Portfolio Holdings as of 3/31/2021

Ticker Cusip Description Shares Market Value % of Portfolio
HFRO 43010E404 HIGHLAND INCOME FUND 87,000.000 $964,830.00 3.72%
DYFN 03462A102 Angel Oak DYN Fin Strat INC 47,000.000 $885,950.00 3.41%
NBW 64123C101 Neuberger Berman Cal ifornia Intermediate 63,000.000 $851,130.00 3.28%
JLS 670735109 Nuveen Mortgage & Income 41,000.000 $850,750.00 3.28%
BWG 10537L104 BRANDYWINE GLOBAL INCO 68,000.000 $820,080.00 3.16%
JSD 67074X107 Nuveen Short Duration Credit Opp 58,000.000 $818,960.00 3.15%
ARDC 04014F102 Ares Dynamic Credit Allocation Fund Inc 54,000.000 $811,620.00 3.13%
AIF 037638103 Apollo Tactical Income Fund Inc 53,570.000 $797,121.60 3.07%
RSF 76882B108 RIVERNORTH SPECIALTY FINANCE CORP 44,109.000 $789,546.69 3.04%
AFT 037636107 Apollo Senior Floating Rate Fund 53,000.000 $787,580.00 3.03%
FINS 03464A100 ANGEL OAK FINANCIAL STRAT INCOMETRUST 45,000.000 $783,900.00 3.02%
NXJ 67069Y102 Nuveen New Jersey Qu Quality Municipal 54,000.000 $781,920.00 3.01%
MSD 61744H105 MORGAN STANLEY MERGING MARKETS DEBT 87,000.000 $779,520.00 3.00%
GHY 69346J106 PGIM GLOBAL HIGH YIELD FUND 52,000.000 $775,840.00 2.99%
KIO 48249T106 KKR OPPORTUNITIES FUND 48,788.000 $771,826.16 2.97%
NBO 64124K102 Neuberger Berman New York Intermediate M 62,471.000 $768,393.30 2.96%
CEV 27826F101 Eaton Vance Californ ia Municipal Income 57,800.000 $765,878.90 2.95%
FAX 003009107 ABERDEEN ASIA PACIFIC INCOME FUND 178,000.000 $728,020.00 2.80%
VPV 46132K109 INVESCO PENNSYLVANIA VALUE M 55,615.000 $725,775.75 2.79%
BFZ 09248E102 BlackRock California Municipal Income Tr 50,361.000 $723,183.96 2.78%
EDD 617477104 Morgan Stanley Emerg ing Markets Domestic 120,000.000 $722,400.00 2.78%
MYJ 09254Y109 BlackRock MuniYield New Jersey Fund Inc 49,545.000 $718,897.95 2.77%
TEI 880192109 Templeton Emerging Markets Income Fund 95,000.000 $700,150.00 2.70%
DTF 23334J107 DTF TAX FREE INCOME INC 48,000.000 $688,800.00 2.65%
VMM 24610V103 Delaware Investments Minnesota Municipal 44,793.000 $590,819.67 2.27%
JGH 67075G103 NUVEEN GLOBAL H-I FD 38,103.000 $589,453.41 2.27%
IVH 465893105 IVY HIGH INCOME OPPORUNITY FUND 41,193.000 $561,872.52 2.16%
BGB 09257R101 BLACKSTONE/GSO STRATEGIC C 39,000.000 $519,870.00 2.00%
BGX 09257D102 Blackstone/GSO Long- Short Credit Income 34,700.000 $490,658.00 1.89%
HYB 641876800 NEW AMERICA HIGH INCOME FUND 52,764.000 $478,041.84 1.84%
KSM 23342Q101 DWS STRATEGIC MUNICIPAL INCO 40,029.000 $473,543.07 1.82%
WIW 95766R104 Western Asset Opp & Income Fund 38,300.000 $465,728.00 1.79%
VCIF 92535C104 VERTICAL CAPITAL INCOME FUND 41,700.000 $429,510.00 1.65%
FSLF 32010E100 FIRST EAGLE SENIOR LOAN FUND 24,509.000 $351,459.06 1.35%
NUO 670980101 Nuveen Ohio Quility Muni Income Fund 20,608.000 $321,484.80 1.24%
BGH 06760L100 BARINGS GLOBAL SHORT DURATION HIGH YIELD 18,888.000 $303,719.04 1.17%
FTHY 33741Q107 FIRST TRUST HIGH YIELD OPP 11,510.000 $228,473.50 0.88%
NUW 670695105 NUVEEN AMT FREE MUNI VALUE FUND 2 13,470.000 $221,985.60 0.85%
FIGXX 316175108 Fidelity Investments Money Market Funds 207,188.520 $207,188.52 0.80%
JQC 67073D102 Nuveen Credit Strategies Income 31,249.000 $203,118.50 0.78%
VTN 46131T101 Invesco Trust For Investment Grade NY 14,300.000 $187,473.00 0.72%
DHY 22544F103 Credit Suisse High Yield Bond Fund 70,000.000 $168,700.00 0.65%
VLT 46131F101 INVESCO HIGH INCOME TRUST II 8,000.000 $111,360.00 0.43%
BGT 091941104 BLACKROCK FLT RT INC 6,700.000 $83,817.00 0.32%
VFL 24610T108 DELAWARE INV NATL MUNI FUND 4,459.000 $58,502.08 0.23%
SBI 958435109 WESTERN ASSET INTERMEDIATE 4,147.000 $38,525.63 0.15%
NYV 670706100 Nuveen New York Municipal Value Fund 1,944.000 $28,537.92 0.11%
AWF 01879R106 AllianceBernstein GL High Income 1,318.000 $15,618.30 0.06%
NKG 67072B107 Nuveen Georgia Quali ty Municipal Income 1,155.000 $15,026.55 0.06%
BSL 09256U105 Blackstone/GSO Senior Float 732.000 $11,389.92 0.04%
EAD 94987B105 WELLS FARGO INCOME OPPORTUNITIES 329.000 $2,776.76 0.01%

Totals 2,383,347.520 $25,970,727.00