RIVERNORTH CAPITAL MANAGEMENT, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	WESTERN ASSET EMRG MKT DEBT	4,171,753	$64,662	4.5%	$15.50	—	COM	95766A101
—	BROOKFIELD REAL ASSETS INCOM	2,640,719	$60,156	4.2%	$22.44	—	SHS BEN INT	112830104
—	CLOUGH GLOBAL OPPORTUNITIES	5,585,656	$57,476	4.0%	$11.41	—	SH BEN INT	18914E106
—	NUVEEN AMT FREE QLTY MUN INC	3,825,310	$51,106	3.5%	$13.35	—	COM	670657105
—	EATON VANCE LTD DUR INCOME F	3,194,804	$44,216	3.1%	$13.67	—	COM	27828H105
—	WESTERN ASSET HIGH INCM OPP	8,717,911	$43,938	3.0%	$5.04	—	COM	95766K109
—	BLACKROCK CR ALLCTN INC TR	3,141,676	$41,344	2.9%	$12.98	—	COM	092508100
—	LIBERTY ALL STAR EQUITY FD	6,925,510	$37,813	2.6%	$5.33	—	SH BEN INT	530158104
—	BLACKROCK CORPOR HI YLD FD I	3,268,860	$35,696	2.5%	$11.01	—	COM	09255P107
—	NUVEEN CR STRATEGIES INCM FD	4,077,548	$35,434	2.5%	$9.30	—	COM SHS	67073D102
—	NUVEEN QUALITY MUNCP INCOME	2,084,889	$28,542	2.0%	$13.94	—	COM	67066V101
—	TEMPLETON GLOBAL INCOME FD	3,988,980	$26,527	1.8%	$7.32	—	COM	880198106
—	LEGG MASON BW GLB INC OPP FD	2,023,863	$25,865	1.8%	$13.97	—	COM	52469B100
—	ROYCE VALUE TR INC	1,751,362	$24,519	1.7%	$13.65	—	COM	780910105
—	INVESCO DYNAMIC CR OPP FD	1,986,250	$24,292	1.7%	$11.71	—	COM	46132R104
—	BLACKROCK DEBT STRAT FD INC	2,094,358	$24,127	1.7%	$11.52	—	COM NEW	09255R202
—	BLACKROCK GLOBAL OPP EQTY TR	1,889,852	$23,434	1.6%	$12.58	—	COM	092501105
—	PRUDENTIAL GLB SHT DUR HG YL	1,546,458	$23,027	1.6%	$14.70	—	COM	74433A109
—	INVESCO SR INCOME TR	4,649,403	$21,527	1.5%	$4.11	—	COM	46131H107
—	CLOUGH GLOBAL EQUITY FD	1,679,435	$21,228	1.5%	$13.04	—	COM	18914C100
—	WELLS FARGO MULTI SECTOR INC	1,482,352	$19,760	1.4%	$13.35	—	COM	94987D101
—	TRI CONTL CORP	793,366	$18,343	1.3%	$18.22	—	COM	895436103
VWO	VANGUARD INTL EQUITY INDEX F	450,975	$17,922	1.2%	$39.20	—	FTSE EMR MKT ETF	922042858
—	WESTERN ASSET GLB HI INCOME	1,772,505	$17,902	1.2%	$10.09	—	COM	95766B109
—	ADAMS DIVERSIFIED EQUITY FD	1,294,915	$17,805	1.2%	$12.03	—	COM	006212104
—	WESTERN ASSET CLYM INFL OPP	1,555,387	$17,374	1.2%	$11.39	—	COM	95766R104
—	ADVENT CLAYMORE CV SECS & IN	1,043,205	$16,337	1.1%	$13.54	—	COM	00764C109
—	BLACKROCK MULTI-SECTOR INC T	938,926	$16,253	1.1%	$16.95	—	COM	09258A107
—	POWERSHARES ETF TRUST	155,495	$15,934	1.1%	$73.13	—	FTSE RAFI 1000	73935X583
—	PIMCO DYNMIC CREDIT AND MRT	700,196	$15,012	1.0%	$20.28	—	COM SHS	72202D106
—	TEMPLETON EMERG MKTS INCOME	1,306,601	$14,673	1.0%	$10.95	—	COM	880192109
—	MORGAN STANLEY EM MKTS DM DE	1,898,351	$14,390	1.0%	$12.08	—	COM	617477104
—	ALLIANZGI NFJ DIVID INT & PR	1,078,407	$13,901	1.0%	$12.77	—	COM	01883A107
—	ARES DYNAMIC CR ALLOCATION F	862,851	$13,823	1.0%	$14.79	—	COM	04014F102
ARCC	ARES CAP CORP	786,362	$13,667	0.9%	$7.44	0.0%	COM	04010L103
—	BLACKSTONE GSO STRATEGIC CR	826,617	$13,094	0.9%	$16.54	—	COM SHS BEN IN	09257R101
—	WESTERN ASSET HGH YLD DFNDFD	839,688	$12,898	0.9%	$16.30	—	COM	95768B107
—	NUVEEN MTG OPPORTUNITY TERM	499,250	$12,366	0.9%	$23.57	—	COM	670735109
—	NUVEEN PFD INCOME OPPRTNY FD	1,219,386	$11,962	0.8%	$9.81	—	COM	67073B106
—	BOULDER GROWTH & INCOME FD I	1,151,180	$10,706	0.7%	$8.35	—	COM	101507101
—	CBRE CLARION GLOBAL REAL EST	1,427,335	$10,662	0.7%	$7.49	—	COM	12504G100
—	NUVEEN AMT FREE MUN CR INC F	728,823	$10,655	0.7%	$14.46	—	COM	67071L106
—	GENERAL AMERN INVS INC	307,487	$10,304	0.7%	$32.17	—	COM	368802104
—	SPROTT FOCUS TR INC	1,336,120	$9,927	0.7%	$6.77	—	COM	85208J109
—	CENTRAL FD CDA LTD	737,465	$9,484	0.7%	$13.18	—	CL A	153501101
—	POWERSHARES ETF TR II	475,245	$9,429	0.7%	$19.72	—	EMER MRKT PORT	73936T763
NXDT	NEXPOINT CR STRATEGIES FD	408,598	$9,357	0.6%	$18.05	—	COM NEW	65340G205
—	FIRST TR HIGH INCOME L/S FD	555,365	$9,252	0.6%	$16.53	—	COM	33738E109
—	NUVEEN GLOBAL HIGH INCOME FD	560,578	$9,233	0.6%	$17.02	—	SHS	67075G103
—	ALPINE TOTAL DYNAMIC DIVID F	1,100,111	$9,087	0.6%	$8.29	—	COM SH BEN INT N	021060207
—	GARRISON CAP INC	918,538	$8,983	0.6%	$9.83	—	COM	366554103
—	ADVENT CLAY CONV SEC INC FD	1,451,392	$8,868	0.6%	$6.02	—	COM	007639107
XMUIX	BLACKROCK MUNI INTER DR FD I	603,195	$8,354	0.6%	$13.80	—	COM	09253X102
—	ABERDEEN ASIA PACIFIC INCOM	1,662,845	$8,298	0.6%	$5.11	—	COM	003009107
—	DEUTSCHE HIGH INCOME OPPORT	549,523	$8,051	0.6%	$14.40	—	COM	25158Y102
—	ALLIANZGI DIVERS INC & CNV F	392,394	$7,973	0.6%	$18.08	—	COM	01883J108
—	LAZARD GLB TTL RET&INCM FD I	530,765	$7,966	0.6%	$13.80	—	COM	52106W103
—	MFS MULTIMARKET INCOME TR	1,293,339	$7,915	0.5%	$6.40	—	SH BEN INT	552737108
—	ROYCE MICRO-CAP TR INC	928,547	$7,791	0.5%	$8.01	—	COM	780915104
VEA	VANGUARD TAX MANAGED INTL FD	195,120	$7,668	0.5%	$41.26	—	FTSE DEV MKT ETF	921943858
—	NEUBERGER BERMAN RE ES SEC F	1,333,617	$7,095	0.5%	$4.93	—	COM	64190A103
—	MFS CHARTER INCOME TR	817,951	$7,043	0.5%	$8.99	—	SH BEN INT	552727109
—	ALLIANCEBERNSTEIN NATL MUNI	489,304	$6,547	0.5%	$13.22	—	COM	01864U106
—	BLACKROCK LTD DURATION INC T	414,653	$6,456	0.4%	$15.10	—	COM SHS	09249W101
—	ALPINE GLOBAL DYNAMIC DIVD F	656,854	$6,411	0.4%	$9.49	—	COM NEW	02082E205
—	BARINGTON HILCO ACQUISITION	622,740	$6,364	0.4%	$10.22	—	COM	06759V101
—	ZWEIG FD	552,761	$6,147	0.4%	$12.67	—	COM NEW	989834205
—	EATON VANCE SR INCOME TR	897,820	$6,087	0.4%	$6.35	—	SH BEN INT	27826S103
—	BLACKSTONE GSO LNG SHRT CR I	369,236	$5,937	0.4%	$16.67	—	COM SHS BN INT	09257D102
—	ALLIANZGI EQUITY & CONV INCO	305,055	$5,888	0.4%	$19.05	—	COM	018829101
—	WESTERN ASSET CLYM INFL SEC	511,001	$5,882	0.4%	$11.48	—	COM SH BEN INT	95766Q106
—	MORGAN STANLEY EMER MKTS DEB	627,542	$5,861	0.4%	$9.57	—	COM	61744H105
—	NEUBERGER BERMAN HGH YLD FD	487,712	$5,794	0.4%	$12.00	—	COM	64128C106
—	ADVENT CLAYMORE ENH GRW & IN	673,955	$5,688	0.4%	$9.03	—	COM	00765E104
—	DEUTSCHE MULTI-MKT INCOME TR	641,309	$5,579	0.4%	$7.74	—	SHS	25160E102
—	FIRST TR ABERDEEN GLBL OPP F	469,179	$5,452	0.4%	$10.88	—	COM SHS	337319107
—	NUVEEN INT DUR QUAL MUN TRM	413,672	$5,345	0.4%	$12.36	—	COM	670677103
—	LMP CAP & INCOME FD INC	375,348	$5,341	0.4%	$12.45	—	COM	50208A102
—	NUVEEN MUNICIPAL CREDIT INC	368,594	$5,304	0.4%	$14.14	—	COM SH BEN INT	67070X101
—	MANAGED DURATION INVT GRD FU	389,645	$5,143	0.4%	$13.23	—	COM	56165R103
—	DELAWARE ENHANCED GBL DIV &	465,210	$5,113	0.4%	$10.65	—	COM	246060107
—	WELLS FARGO INCOME OPPORTUNI	602,340	$5,072	0.4%	$8.45	—	WF INC OPPTY FD	94987B105
—	SPECIAL OPPORTUNITIES FD INC	191,280	$4,868	0.3%	$25.83	—	PFD CONV SE B	84741T302
GDX	VANECK VECTORS ETF TR	209,517	$4,779	0.3%	$27.71	—	GOLD MINERS ETF	92189F106
—	EATON VANCE SH TM DR DIVR IN	327,299	$4,621	0.3%	$14.39	—	COM	27828V104
—	BLACKROCK RES & COMM STRAT T	520,148	$4,473	0.3%	$8.45	—	SHS	09257A108
—	GREAT ELM CAP CORP	166,870	$4,240	0.3%	$11.67	—	COM	390320109
—	MORGAN STANLEY TRUSTS	230,385	$4,119	0.3%	$17.22	—	INCOME SECS INC	61745P874
—	LAZARD WORLD DIVID & INCOME	356,230	$3,794	0.3%	$10.00	—	COM	521076109
—	GDL FUND	385,272	$3,791	0.3%	$10.65	—	COM SH BEN IT	361570104
—	PUTNAM PREMIER INCOME TR	710,418	$3,740	0.3%	$4.91	—	SH BEN INT	746853100
—	INVESCO HIGH INCOME TR II	254,870	$3,678	0.3%	$13.51	—	COM	46131F101
—	FRANKLIN LTD DURATION INC TR	299,828	$3,589	0.2%	$12.39	—	COM	35472T101
—	OHA INVT CORP	2,264,826	$3,488	0.2%	$3.42	—	COM	67091U102
—	INVESCO MUN TR	270,076	$3,384	0.2%	$12.26	—	COM	46131J103
—	VOYA PRIME RATE TR	623,986	$3,376	0.2%	$5.13	—	SH BEN INT	92913A100
—	NUVEEN MTG OPPTY TERM FD 2	138,035	$3,278	0.2%	$23.52	—	COM	67074R100
—	SPECIAL OPPORTUNITIES FD INC	219,877	$3,212	0.2%	$15.33	—	COM	84741T104
—	EATON VANCE MUN BD FD	255,880	$3,211	0.2%	$12.41	—	COM	27827X101
—	BLACKROCK INTL GRWTH & INC T	508,791	$2,946	0.2%	$5.79	—	COM BENE INTER	092524107
—	WESTERN ASSET GLOBAL CP DEFI	162,856	$2,837	0.2%	$17.98	—	COM	95790C107
—	PACHOLDER HIGH YIELD FD INC	350,628	$2,707	0.2%	$7.11	—	COM	693742108
—	ALLIANCEBERNSTEIN GBL HGH IN	197,700	$2,487	0.2%	$12.58	—	COM	01879R106
—	MVC CAPITAL INC	272,906	$2,453	0.2%	$9.08	—	COM	553829102
—	BLACKROCK MUNIHLDNGS CALI QL	164,303	$2,328	0.2%	$14.08	—	COM	09254L107
—	KLR ENERGY ACQUISITION CORP	200,000	$2,066	0.1%	$10.33	—	CL A	49877M108
PHUN	STELLAR ACQUISITION III INC	200,000	$2,036	0.1%	$10.18	—	COM	Y8172W107
—	MFS INTERMEDIATE HIGH INC FD	758,415	$2,002	0.1%	$2.65	—	SH BEN INT	59318T109
—	CALAMOS CONV & HIGH INCOME F	165,233	$1,882	0.1%	$10.55	—	COM SHS	12811P108
—	VOYA GLBL EQTY DIV & PREM OP	245,335	$1,801	0.1%	$7.34	—	COM	92912T100
—	FEDERATED PREM INTR MUN INC	127,906	$1,683	0.1%	$13.16	—	COM	31423M105
—	FIRST TR STRATEGIC HIGH INC	125,503	$1,635	0.1%	$13.03	—	COM SHS NEW	337353304
—	MATLIN & PARTNERS ACQUISITIO	150,000	$1,503	0.1%	$10.02	—	UNIT 05/28/2021A	57682V205
—	HUNTER MARITIME ACQUISITION	150,002	$1,480	0.1%	$10.15	—	UNIT 99/99/9999	Y37828103
—	TRIANGLE CAP CORP	76,796	$1,465	0.1%	$19.08	—	COM	895848109
OFS	OFS CAP CORP	101,699	$1,443	0.1%	$14.52	0.0%	COM	67103B100
—	SWISS HELVETIA FD INC	121,835	$1,413	0.1%	$10.21	—	COM	870875101
—	CROSSROADS CAP INC	585,219	$1,340	0.1%	$3.11	—	COM	227656105
—	FINTECH ACQUISITION CORP II	125,000	$1,275	0.1%	$10.20	—	UNIT 99/99/9999	31810G208
—	DEUTSCHE GLOBAL HIGH INCOME	140,895	$1,196	0.1%	$8.38	—	COM	25158V108
—	MFS INVT GRADE MUN TR	110,445	$1,065	0.1%	$9.64	—	SH BEN INT	59318B108
—	PRINCIPAL REAL ESTATE INCOME	57,928	$1,016	0.1%	$17.54	—	SHS BEN INT	74255X104
—	MADISON CVRED CALL & EQ STR	108,677	$873	0.1%	$8.03	—	COM	557437100
—	GTY TECHNOLOGY HOLDINGS INC	80,001	$803	0.1%	$10.04	—	CL A	G4182A102
—	EASTERLY ACQUISITION CORP	73,058	$728	0.1%	$9.94	—	COM	27616L102
—	NUVEEN FLEXIBLE INVT INCOME	24,200	$410	0.0%	$16.65	—	COM	67075B104
—	AVENUE INCOME CR STRATEGIES	28,408	$397	0.0%	$15.19	—	COM	05358E106
—	ABERDEEN LATIN AMER EQTY FD	14,986	$352	0.0%	$23.49	—	COM	00306K106
—	PUTMAN HIGH INCOME SEC FUND	40,009	$347	0.0%	$8.67	—	SHS BEN INT	746779107
—	VIRTUS TOTAL RETURN FD	73,870	$323	0.0%	$4.54	—	COM	92829A103
—	KKR INCOME OPPORTUNITIES FD	16,749	$285	0.0%	$15.00	—	COM	48249T106
—	CREDIT SUISSE ASSET MGMT INC	82,720	$273	0.0%	$2.91	—	COM	224916106
—	MADISON STRTG SECTOR PREM FD	20,921	$255	0.0%	$12.19	—	COM	558268108
—	KLR ENERGY ACQUISITION CORP	185,800	$219	0.0%	$1.18	—	*W EXP 09/16/202	49877M116
—	ABERDEEN EMERGING MKTS SMALL	10,700	$140	0.0%	$15.15	—	COM	00301T102
—	ABERDEEN INDONESIA FD INC	14,900	$107	0.0%	$7.18	—	COM	00305P106
—	GABELLI CONV&INCOM SECS FD I	17,429	$86	0.0%	$4.93	—	COM	36240B109
—	STELLAR ACQUISITION III INC	200,000	$68	0.0%	$0.34	—	*W EXP 03/22/202	Y8172W115
—	HUNTER MARITIME ACQUISITION	75,001	$60	0.0%	$0.80	—	*W EXP 99/99/999	Y37828129
—	GTY TECHNOLOGY HOLDINGS INC	26,667	$31	0.0%	$1.16	—	*W EXP 99/99/999	G4182A128
—	EASTERLY ACQUISITION CORP	36,529	$13	0.0%	$0.36	—	*W EXP 07/29/202	27616L110