Portfolio Holdings as of 2/29/2020
| Ticker | Cusip | Description | Shares | Market Value | % of Portfolio |
| TOIXX | 60934N500 | Federated Treasury O bligations Fund | 9,014,122.000 | $9,014,122.00 | 10.84% |
| ZAGG | 98884U108 | ZAGG INC | 1,238,477.000 | $8,322,565.44 | 10.01% |
| 9128283Y | 9128283Y4 | US TREASURY N/B 02/29/20 2.25% | 8,040,000.000 | $8,040,000.00 | 9.67% |
| DDEJF | 264901109 | Dundee Corp | 5,942,196.000 | $4,807,236.56 | 5.78% |
| ATEN | 002121101 | A10 Networks Inc | 664,179.000 | $4,456,641.09 | 5.36% |
| LQDT | 53635B107 | Liquidity Services I nc | 1,041,491.000 | $4,082,644.72 | 4.91% |
| GSIT | 36241U106 | GSI Technology Inc | 443,819.000 | $2,955,834.54 | 3.55% |
| 912828J7 | 912828J76 | US TREASURY N/B 3/31/2022 1.75% | 2,500,000.000 | $2,544,140.75 | 3.06% |
| CRTO | 226718104 | Criteo SA | 191,460.000 | $2,425,798.20 | 2.92% |
| 55382940 | 553829409 | MVC CAPITAL INC 11/30/2022 6.25% | 92,520.000 | $2,331,504.00 | 2.80% |
| 205677AB | 205677AB3 | COMSTOCK RESOURCES INC 08/15/26 9.75% | 2,582,000.000 | $2,157,583.75 | 2.59% |
| MIXT | 60688N102 | MiX Telematics Ltd | 137,010.000 | $1,818,122.70 | 2.19% |
| SCOR | 20564W105 | COMSCORE, INC | 513,553.000 | $1,797,435.50 | 2.16% |
| 05580M40 | 05580M405 | B RILEY FINANCIAL IN C 12/31/2027 7.25% | 68,250.000 | $1,650,967.50 | 1.99% |
| CUBI | 23204G100 | Customers Bancorp In c | 80,384.000 | $1,630,991.36 | 1.96% |
| AMRS | 03236M200 | Amyris Inc | 503,666.000 | $1,604,176.21 | 1.93% |
| LBRT | 53115L104 | Liberty Oilfield Services Inc | 235,000.000 | $1,572,150.00 | 1.89% |
| MCC | 58503F106 | Medley Capital Corp | 919,801.000 | $1,526,869.66 | 1.84% |
| 69181V30 | 69181V305 | OXFORD SQUARE 6.25% 04/30/2026 | 60,000.000 | $1,485,000.00 | 1.79% |
| MCHX | 56624R108 | Marchex Inc | 514,251.000 | $1,331,910.09 | 1.60% |
| 37653570 | 376535704 | GLADSTONE CAPITAL CO 5.375% NOTE 11/1/24 | 51,130.000 | $1,295,327.42 | 1.56% |
| SONG | L0164E108 | AKAZOO SA | 285,299.000 | $1,292,404.47 | 1.55% |
| AGX | 04010E109 | Argan Inc | 30,070.000 | $1,254,821.10 | 1.51% |
| 26980940 | 269809406 | EAGLE POINT CREDIT C O 9/30/2027 6.75% | 49,023.000 | $1,237,830.75 | 1.49% |
| PTMN | 73688F102 | Portman Ridge Finance | 590,428.000 | $1,233,994.52 | 1.48% |
| 69181V20 | 69181V206 | OXFORD SQUARE CAPITA L CO 3/30/2024 6.5% | 48,269.000 | $1,228,446.05 | 1.48% |
| LEAF | 52177G102 | LEAF GROUP LTD | 442,146.000 | $1,162,843.98 | 1.40% |
| 14050120 | 140501206 | CAPITAL SOUTHWEST CO RP 12/15/2022 5.95% | 44,035.000 | $1,127,296.00 | 1.36% |
| SWIR | 826516106 | Sierra Wireless Inc | 141,127.000 | $1,092,322.98 | 1.31% |
| 20467BAB | 20467BAB5 | CSI COMPRESSO LP 08/15/2022 7.25% | 1,126,000.000 | $1,013,575.99 | 1.22% |
| 58503F30 | 58503F304 | MEDLEY CAPITAL CORP 6.125% 03/30/2023 | 37,969.000 | $903,282.51 | 1.09% |
| OXLCP | 691543607 | OXFORD LANE CAPITAL 6.25% | 35,000.000 | $853,335.00 | 1.03% |
| 37654660 | 376546602 | GLADSTONE INVESTMENT COR 8/31/2025 6.375 | 30,328.000 | $768,814.80 | 0.92% |
| EXTN | 30227H106 | Exterran Corp | 137,780.000 | $702,678.00 | 0.84% |
| 67401P20 | 67401P207 | OAKTREE SPECIALTY LE ND 10/30/2024 5.875 | 27,183.000 | $682,429.22 | 0.82% |
| HWCC | 44244K109 | HOUSTON WIRE& CABLE CO | 208,910.000 | $678,957.50 | 0.82% |
| RIBT | 762831204 | RICEBRAN TECH. | 524,443.000 | $603,109.45 | 0.73% |
| DXLG | 25065K104 | Destination XL Group Inc | 297,134.000 | $237,707.20 | 0.29% |
| SD | 80007P869 | SandRidge Energy Inc | 115,000.000 | $236,900.00 | 0.28% |
| Totals | 39,003,453.000 | $83,161,771.01 | |||