Location: Santa Monica, CA
CIK: 0001596468 · Show all filings
Period: Q1 2023 (← Previous) (Next →)
Filing Date: May 15, 2023
Total Value: $209M (96.1% shares, 3.9% debt)
| Ticker | Issuer | Shares | Value | % | Share Price | Est. Cost/Share | Unrealized @ Report Date | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|---|
| — | Great Ajax Corp | 786,337 | $19.02M | 9.1% | $24.19 | $24.89 | — | COM | 38983D409 |
| — | BlackRock ESG Capital Allocation Term Trust | 1,099,880 | $17.17M | 8.2% | $15.61 | $13.57 | — | SHS BEN INT | 09262F100 |
| BRSP | BrightSpire Capital Inc | 2,055,715 | $12.13M | 5.8% | $5.90 | $6.32 | — | COM CL A | 10949T109 |
| — | Nuveen Core Plus Impact Fund | 1,065,181 | $10.89M | 5.2% | $10.22 | $10.44 | — | COM BEN INT | 67080D103 |
| XBFZX | BlackRock California Municipal Income Trust | 748,173 | $8.754M | 4.2% | $11.70 | $11.70 | — | SH BEN INT | 09248E102 |
| — | Templeton Global Income Fund | 1,514,599 | $6.664M | 3.2% | $4.40 | $4.41 | — | COM | 880198106 |
| PNNT | PennantPark Investment Corp | 1,236,092 | $6.527M | 3.1% | $5.28 * | $4.34 | -14.6% | COM | 708062104 |
| — | Nuveen Intermediate Duration Quality Municipal Term Fund | 482,996 | $6.168M | 2.9% | $12.77 | $12.70 | — | COM | 670677103 |
| — | Center Coast Brookfield MLP & Energy Infrastructure Fund | 295,700 | $5.692M | 2.7% | $19.25 | $15.78 | — | SHS BEN INT | 151461209 |
| CCIF | Vertical Capital Income Fund | 546,229 | $5.359M | 2.6% | $9.81 | $9.84 | — | SHS BEN INT | 92535C104 |
| — | Tortoise Midstream Energy Fund Inc | 152,698 | $5.086M | 2.4% | $33.31 | $35.75 | — | COM | 89148B200 |
| — | FS Credit Opportunities Corp | 1,121,867 | $4.981M | 2.4% | $4.44 | $4.54 | — | COMMON STOCK | 30290Y101 |
| MFA | MFA Financial Inc | 485,131 | $4.813M | 2.3% | $9.92 | $10.75 | — | COM | 55272X607 |
| NLY | Annaly Capital Management Inc | 227,532 | $4.348M | 2.1% | $19.11 | $19.11 | — | COM NEW | 035710839 |
| — | Great Ajax Corp | 658,781 | $4.335M | 2.1% | $6.58 | $10.51 | — | COM | 38983D300 |
| — | General American Investors Co Inc | 109,764 | $4.271M | 2.0% | $38.91 | $37.43 | — | COM | 368802104 |
| ADAM | New York Mortgage Trust Inc | 408,845 | $4.072M | 1.9% | $9.96 | $9.96 | — | COM | 649604840 |
| — | Two Harbors Investment Corp | 4,250,000 | $3.651M | 1.7% | $0.86 | $0.85 | — | NOTE 6.250% 1/1 | 90187BAB7 |
| — | ClearBridge MLP & Midstream Total Return Fund Inc | 124,337 | $3.593M | 1.7% | $28.90 | $28.55 | — | COM | 18469Q207 |
| XENWX | Eaton Vance New York Municipal Bond Fund | 361,813 | $3.517M | 1.7% | $9.72 | $9.20 | — | COM | 27827Y109 |
| — | Nuveen Corporate Income 2023 Target Term Fund | 298,310 | $2.741M | 1.3% | $9.19 | $9.16 | — | COM | 67079F101 |
| RDN | Radian Group Inc | 111,917 | $2.473M | 1.2% | $22.10 * | $15.40 | +26.0% | COM | 750236101 |
| — | MFS Investment Grade Municipal Trust | 331,202 | $2.448M | 1.2% | $7.39 | $7.29 | — | SH BEN INT | 59318B108 |
| — | Western Asset Mortgage Capital Corp | 2,750,000 | $2.377M | 1.1% | $0.86 | $0.86 | — | NOTE 6.750% 9/1 | 95790DAD7 |
| XEVMX | Eaton Vance California Municipal Bond Fund | 259,943 | $2.345M | 1.1% | $9.02 | $8.67 | — | COM | 27828A100 |
| XHIEX | Miller/Howard High Dividend Fund | 220,093 | $2.212M | 1.1% | $10.05 | $10.23 | — | COM SHS BEN IN | 600379101 |
| DX | Dynex Capital Inc | 170,808 | $2.07M | 1.0% | $12.12 | $12.72 | — | COM | 26817Q886 |
| MPV | Barings Participation Investors | 147,690 | $1.894M | 0.9% | $12.82 | $11.82 | — | SH BEN INT | 06761A103 |
| — | Wheeler Real Estate Investment Trust Inc | 150,197 | $1.885M | 0.9% | $12.55 | $12.84 | — | PFD CNV SER D | 963025606 |
| — | Goldman Sachs MLP Energy and Renaissance Fund | 143,484 | $1.88M | 0.9% | $13.10 | $11.81 | — | COM | 38148G206 |
| CCAP | Crescent Capital BDC Inc | 136,780 | $1.863M | 0.9% | $13.62 * | $9.45 | +8.5% | COM | 225655109 |
| LADR | Ladder Capital Corp | 196,940 | $1.861M | 0.9% | $9.45 | $11.87 | — | CL A | 505743104 |
| MTG | MGIC Investment Corp | 136,205 | $1.828M | 0.9% | $13.42 | $14.31 | -5.9% | COM | 552848103 |
| — | MFA Financial Inc | 1,767,000 | $1.679M | 0.8% | $0.95 | $0.90 | — | NOTE 6.250% 6/1 | 55272XAA0 |
| — | Morgan Stanley India Investment Fund Inc | 85,937 | $1.672M | 0.8% | $19.46 | $22.36 | — | COM | 61745C105 |
| — | ClearBridge Energy Midstream Opportunity Fund Inc | 56,373 | $1.592M | 0.8% | $28.24 | $28.30 | — | COM | 18469P209 |
| — | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | 333,683 | $1.508M | 0.7% | $4.52 | $4.90 | — | COM | 617477104 |
| MCI | Barings Corporate Investors | 104,971 | $1.485M | 0.7% | $14.15 | $13.61 | — | COM | 06759X107 |
| — | Taiwan Fund Inc/The/MD | 54,065 | $1.458M | 0.7% | $26.96 | $23.14 | — | COM | 874036106 |
| — | SRH Total Return Fund Inc | 117,681 | $1.445M | 0.7% | $12.28 | $11.98 | — | COM | 101507101 |
| ORC | Orchid Island Capital Inc | 132,419 | $1.421M | 0.7% | $10.73 | $8.20 | — | COM NEW | 68571X301 |
| XXHYBXX | New America High Income Fund Inc/The | 203,051 | $1.383M | 0.7% | $6.81 | $6.81 | — | COM NEW | 641876800 |
| — | Safeguard Scientifics Inc | 796,632 | $1.37M | 0.7% | $1.72 | $9.20 | — | COM NEW | 786449207 |
| RDI | Reading International Inc | 372,975 | $1.212M | 0.6% | $3.25 * | $4.35 | -21.6% | CL A | 755408101 |
| — | Mexico Fund Inc/The | 71,023 | $1.209M | 0.6% | $17.02 | $15.62 | — | COM | 592835102 |
| — | Western Asset Mortgage Capital Corp | 130,357 | $1.19M | 0.6% | $9.13 | $10.88 | — | COM | 95790D204 |
| — | Western Asset Inflation-Linked Opportunities & Income Fund | 123,734 | $1.132M | 0.5% | $9.15 | $9.13 | — | COM | 95766R104 |
| — | Central Securities Corp | 29,376 | $1.022M | 0.5% | $34.78 | $33.95 | — | COM | 155123102 |
| — | Nuveen Senior Income Fund | 216,713 | $999K | 0.5% | $4.61 | $4.61 | — | COM | 67067Y104 |
| — | Nuveen Mortgage and Income Fund | 59,890 | $956K | 0.5% | $15.96 | $16.09 | — | COM | 670735109 |
| — | First Trust Senior Floating Rate Income Fund II | 88,191 | $878K | 0.4% | $9.95 | $9.95 | — | COM | 33733U108 |
| — | NXG NextGen Infrastructure Income Fund | 22,499 | $825K | 0.4% | $36.67 | $36.76 | — | COM | 231647207 |
| BBDC | Barings BDC Inc | 103,332 | $820K | 0.4% | $7.94 * | $5.97 | 0.0% | COM | 06759L103 |
| — | Nuveen Pennsylvania Quality Municipal Income Fund | 68,789 | $786K | 0.4% | $11.43 | $11.26 | — | COM | 670972108 |
| — | Japan Smaller Capitalization Fund Inc | 100,490 | $694K | 0.3% | $6.91 | $6.56 | — | COM | 47109U104 |
| EARN | Ellington Residential Mortgage REIT | 94,994 | $693K | 0.3% | $7.30 | $7.14 | — | COM SHS BEN INT | 288578107 |
| — | BlackRock MuniYield Pennsylvania Quality Fund | 55,167 | $648K | 0.3% | $11.74 | $11.01 | — | COM | 09255G107 |
| — | Templeton Emerging Markets Income Fund | 121,994 | $619K | 0.3% | $5.07 | $5.07 | — | COM | 880192109 |
| — | First Trust High Yield Opportunities 2027 Term Fund | 44,293 | $618K | 0.3% | $13.96 | $13.48 | — | COM | 33741Q107 |
| — | Nicholas Financial Inc | 91,670 | $564K | 0.3% | $6.15 | $6.65 | — | COM NEW | 65373J209 |
| AGRO | Adecoagro SA | 69,592 | $563K | 0.3% | $8.09 * | $9.67 | -23.6% | COM | L00849106 |
| PFX | PhenixFIN Corp | 15,337 | $552K | 0.3% | $36.00 * | $37.92 | -11.3% | COM | 71742W103 |
| — | BlackRock Capital Investment Corp | 149,801 | $517K | 0.2% | $3.45 | $3.52 | — | COM | 092533108 |
| — | Western Asset Emerging Markets Debt Fund Inc | 59,346 | $510K | 0.2% | $8.59 | $8.59 | — | COM | 95766A101 |
| — | Tortoise Energy Infrastructure Corp | 15,244 | $448K | 0.2% | $29.40 | $29.64 | — | COM | 89147L886 |
| — | Western Asset Intermediate Muni Fund Inc | 55,971 | $443K | 0.2% | $7.91 | $7.61 | — | COM | 958435109 |
| — | PennyMac Corp | 500,000 | $434K | 0.2% | $0.87 | $0.81 | — | NOTE 5.500% 3/1 | 70932AAF0 |
| — | Kayne Anderson NextGen Energy & Infrastructure Inc | 55,699 | $428K | 0.2% | $7.68 | $7.53 | — | COM | 48661E108 |
| — | Nuveen Floating Rate Income Opportunity Fund | 51,500 | $413K | 0.2% | $8.02 | $8.02 | — | COM SHS | 6706EN100 |
| — | MainStay CBRE Global Infrastructure Megatrends Fund | 23,972 | $340K | 0.2% | $14.20 | $13.65 | — | COM | 56064Q107 |
| XTEAX | Ecofin Sustainable and Social | 25,603 | $332K | 0.2% | $12.97 | $12.93 | — | COM SH BEN INT | 27901F109 |
| — | Eaton Vance California Municipal Income Trust | 31,947 | $327K | 0.2% | $10.23 | $9.98 | — | SH BEN INT | 27826F101 |
| — | BNY Mellon Municipal Income Inc | 49,149 | $319K | 0.2% | $6.49 | $6.49 | — | COM | 05589T104 |
| — | Calamos Long/Short Equity & Dynamic Income Trust | 20,500 | $317K | 0.2% | $15.45 | $15.31 | — | COM | 12812C106 |
| — | Morgan Stanley China A Share Fund Inc | 21,300 | $306K | 0.1% | $14.36 | $14.20 | — | COM | 617468103 |
| — | DTF Tax-Free Income 2028 Term Fund Inc | 25,989 | $288K | 0.1% | $11.08 | $11.04 | — | COM | 23334J107 |
| XDCFX | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc | 37,460 | $284K | 0.1% | $7.58 | $7.58 | — | COM | 05588N108 |
| XTTPX | Tortoise Pipeline & Energy Fund Inc | 10,412 | $268K | 0.1% | $25.70 | $26.68 | — | COM | 89148H207 |
| — | DWS Strategic Municipal Income Trust | 31,151 | $264K | 0.1% | $8.48 | $8.17 | — | COM | 23342Q101 |
| — | Mexico Equity and Income Fund Inc/The | 25,553 | $257K | 0.1% | $10.07 | $9.12 | — | COM | 592834105 |
| — | Special Opportunities Fund Inc | 22,361 | $245K | 0.1% | $10.94 | $10.94 | — | COM | 84741T104 |
| — | RiverNorth/DoubleLine Strategic Opportunity Fund Inc | 27,200 | $233K | 0.1% | $8.56 | $8.56 | — | COM | 76882G107 |
| — | Clough Global Equity Fund | 36,637 | $222K | 0.1% | $6.06 | $6.06 | — | COM | 18914C100 |
| — | Morgan Stanley Emerging Markets Debt Fund Inc | 33,060 | $213K | 0.1% | $6.44 | $6.49 | — | COM | 61744H105 |
| — | Apollo Senior Floating Rate Fund Inc | 16,801 | $212K | 0.1% | $12.63 | $12.63 | — | COM | 037636107 |
| C | Citigroup Inc | 4,500 | $211K | 0.1% | $46.89 * | $42.37 | +4.5% | COM NEW | 172967424 |
| — | PGIM Short Duration High Yield Opportunities Fund | 13,654 | $202K | 0.1% | $14.82 | $14.76 | — | COM | 69355J104 |
| — | First Trust Specialty Finance and Financial Opportunities Fund | 61,254 | $192K | 0.1% | $3.14 | $3.14 | — | COM BEN INTR | 33733G109 |
| TIPT | Tiptree Inc | 13,120 | $191K | 0.1% | $14.57 * | $11.24 | +35.4% | COM | 88822Q103 |
| — | Nuveen Credit Strategies Income Fund | 35,850 | $183K | 0.1% | $5.11 | $5.11 | — | COM SHS | 67073D102 |
| — | Nuveen California Quality Municipal Income Fund | 13,600 | $150K | 0.1% | $11.01 | $11.07 | — | COM | 67066Y105 |
| — | New Germany Fund Inc/The | 15,100 | $137K | 0.1% | $9.09 | $7.89 | — | COM | 644465106 |
| VEL | Velocity Financial Inc | 12,120 | $109K | 0.1% | $9.03 * | $5.46 | +74.8% | COM | 92262D101 |
| — | Clough Global Dividend and Income Fund | 18,338 | $106K | 0.1% | $5.78 | $5.78 | — | COM | 18913Y103 |
| — | DWS Municipal Income Trust | 10,708 | $95,301 | 0.0% | $8.90 | $8.90 | — | COM | 233368109 |
| — | Credit Suisse High Yield Bond Fund | 50,000 | $94,500 | 0.0% | $1.89 | $1.89 | — | SH BEN INT | 22544F103 |
| XPHDX | Pioneer Floating Rate Fund Inc | 10,000 | $87,000 | 0.0% | $8.70 | $8.70 | — | COM | 72369J102 |