Matisse Capital Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	BOULDER GROWTH & INCOME FD I	1,390,000	$13,497	6.9%	$7.74	—	COM	101507101
—	RMR REAL ESTATE INCOME FUND	357,300	$7,807	4.0%	$19.28	—	COM	76970B101
—	ADAMS DIVERSIFIED EQUITY FD	498,635	$7,125	3.6%	$12.82	—	COM	006212104
—	CENTRAL SECS CORP	277,600	$6,921	3.5%	$19.21	—	COM	155123102
—	ADAM NAT RES FD INC	350,400	$6,552	3.3%	$19.83	—	COM	00548F105
—	LIBERTY ALL STAR EQUITY FD	1,111,473	$6,291	3.2%	$5.14	—	SH BEN INT	530158104
—	NUVEEN NEW JERSEY QULT MUN F	459,174	$6,291	3.2%	$13.54	—	COM	67069Y102
—	SOURCE CAP INC	156,799	$6,060	3.1%	$36.78	—	COM	836144105
—	GENERAL AMERN INVS INC	174,500	$5,994	3.0%	$31.36	—	COM	368802104
—	MORGAN STANLEY EMER MKTS FD	326,492	$5,273	2.7%	$14.68	—	COM	61744G107
—	ROYCE GLOBAL VALUE TR INC	497,000	$4,776	2.4%	$7.46	—	COM	78081T104
XXCHNXX	CHINA FD INC	248,935	$4,650	2.4%	$16.36	—	COM	169373107
—	DIVIDEND & INCOME FUND	362,300	$4,474	2.3%	$11.10	—	COM NEW	25538A204
—	THAI FD INC	450,700	$3,908	2.0%	$8.34	—	COM	882904105
—	INVESCO PA VALUE MUN INCOME	314,900	$3,889	2.0%	$12.27	—	COM	46132K109
—	GDL FUND	372,644	$3,823	1.9%	$9.98	—	COM SH BEN IT	361570104
—	ABERDEEN GTR CHINA FD INC	327,500	$3,756	1.9%	$8.69	—	COM	003031101
—	EAGLE GRWTH & INCOME OPPTY F	205,500	$3,541	1.8%	$15.79	—	COM SHS BEN IN	26958J105
—	TRI CONTL CORP	143,468	$3,493	1.8%	$21.33	—	COM	895436103
—	CENTRAL EUR RUSS & TURK FD I	158,576	$3,473	1.8%	$19.76	—	COM	153436100
—	TEMPLETON DRAGON FD INC	163,086	$3,289	1.7%	$17.21	—	COM	88018T101
—	ABERDEEN EMERGING MKTS SMALL	229,624	$3,170	1.6%	$12.62	—	COM	00301T102
—	CBRE CLARION GLOBAL REAL EST	408,474	$3,153	1.6%	$7.32	—	COM	12504G100
—	NUVEEN CONNECTICUT QLTY MUN	250,031	$3,090	1.6%	$12.34	—	COM	67060D107
—	TEMPLETON EMERG MKTS INCOME	263,806	$2,960	1.5%	$11.22	—	COM	880192109
—	NUVEEN MICHIGAN QLT MUN INC	193,728	$2,654	1.3%	$13.59	—	COM	670979103
—	ALPINE GLOBAL PREMIER PPTYS	363,300	$2,303	1.2%	$5.73	—	COM SBI	02083A103
—	GABELLI GLB SML & MD CP VAL	186,288	$2,303	1.2%	$10.53	—	COM	36249W104
—	NUVEEN NORTH CAROLINA QLTY M	169,329	$2,257	1.1%	$13.16	—	COM	67060P100
—	ASIA PAC FD INC	172,812	$2,247	1.1%	$10.51	—	COM	044901106
—	ASA GOLD AND PRECIOUS MTLS L	165,749	$1,938	1.0%	$11.92	—	SHS	G3156P103
USB	US BANCORP DEL	36,566	$1,899	1.0%	$29.59	+24.9%	COM NEW	902973304
—	DEUTSCHE HIGH INCOME OPPORT	125,473	$1,867	0.9%	$13.06	—	COM	25158Y102
—	BLACKROCK RES & COMM STRAT T	233,121	$1,867	0.9%	$7.19	—	SHS	09257A108
—	LATIN AMERN DISCOVERY FD INC	157,454	$1,650	0.8%	$10.48	—	COM	51828C106
—	ALPINE TOTAL DYNAMIC DIVID F	189,010	$1,642	0.8%	$7.56	—	COM SH BEN INT N	021060207
—	ABERDEEN CHILE FD INC	231,835	$1,641	0.8%	$6.22	—	COM	00301W105
—	EATON VANCE NJ MUNI INCOME T	134,699	$1,638	0.8%	$12.01	—	SH BEN INT	27826V106
—	JAPAN SMALLER CAPTLZTN FD IN	135,045	$1,550	0.8%	$10.55	—	COM	47109U104
—	ABERDEEN INDONESIA FD INC	195,300	$1,485	0.8%	$6.41	—	COM	00305P106
—	TEMPLETON GLOBAL INCOME FD	218,306	$1,467	0.7%	$6.59	—	COM	880198106
—	TURKISH INVT FD INC	150,200	$1,448	0.7%	$6.83	—	COM	900145103
XZFGX	VIRTUS TOTAL RETURN FUND INC	114,770	$1,405	0.7%	$12.24	—	COM	92837G100
—	ROYCE VALUE TR INC	96,242	$1,404	0.7%	$11.73	—	COM	780910105
—	NUVEEN PENNSYLVANIA QLT MUN	96,167	$1,287	0.7%	$13.30	—	COM	670972108
—	CUSHING MLP TOTAL RETURN FD	100,500	$1,233	0.6%	$13.59	—	COM NEW	231631201
XJEQX	ABERDEEN JAPAN EQUITY FD INC	141,744	$1,205	0.6%	$8.22	—	COM	00306J109
—	TAIWAN FD INC	56,378	$1,116	0.6%	$17.13	—	COM	874036106
—	DUFF & PHELPS GLB UTL INC FD	65,859	$1,093	0.6%	$16.26	—	COM	26433C105
AAPL	APPLE INC	7,057	$1,016	0.5%	$25.85	+32.7%	COM	037833100
MSFT	MICROSOFT CORP	14,715	$1,014	0.5%	$45.93	+35.7%	COM	594918104
—	GABELLI GLOBL UTIL & INCOME	49,800	$1,008	0.5%	$16.98	—	COM SH BEN INT	36242L105
INTC	INTEL CORP	28,304	$955	0.5%	$26.63	+11.0%	COM	458140100
—	ALLIANCE CALIF MUN INCOME FD	69,608	$954	0.5%	$13.71	—	COM	018546101
—	MEXICO EQUITY & INCOME FD	83,416	$953	0.5%	$10.95	—	COM	592834105
XNBOX	NEUBERGER BERMAN NY INT MUN	69,981	$892	0.5%	$12.67	—	COM	64124K102
—	FRANKLIN UNVL TR	112,181	$802	0.4%	$6.72	—	SH BEN INT	355145103
—	EATON VANCE N J MUN BD FD	61,614	$797	0.4%	$12.57	—	COM	27828R103
NKE	NIKE INC	12,349	$729	0.4%	$45.73	+5.5%	CL B	654106103
—	NEUBERGER BERMAN MLP INCOME	75,381	$725	0.4%	$9.39	—	COM	64129H104
—	POWERSHARES ETF TR II	17,390	$700	0.4%	$40.46	—	PWRSHS SP500 LOW	73937B654
—	EATON VANCE MICH MUN BD FD	50,492	$695	0.4%	$13.49	—	COM	27828M104
VHT	VANGUARD WORLD FDS	4,086	$602	0.3%	$135.82	—	HEALTH CAR ETF	92204A504
—	NUVEEN MARYLAND QLT MUN INC	44,973	$584	0.3%	$12.83	—	COM	67061Q107
GD	GENERAL DYNAMICS CORP	2,757	$546	0.3%	$114.56	+41.4%	COM	369550108
NOC	NORTHROP GRUMMAN CORP	2,092	$537	0.3%	$160.66	+35.4%	COM	666807102
—	ACHILLION PHARMACEUTICALS IN	116,630	$535	0.3%	$4.90	—	COM	00448Q201
—	LEGG MASON BW GLB INC OPP FD	39,254	$519	0.3%	$12.78	—	COM	52469B100
WVE	WAVE LIFE SCIENCES LTD	26,824	$499	0.3%	$22.42	-3.9%	SHS	Y95308105
BRK/B	BERKSHIRE HATHAWAY INC DEL	2,800	$474	0.2%	$141.16	+17.8%	CL B NEW	084670702
—	MORGAN STANLEY ASIA PAC FD I	27,600	$459	0.2%	$15.11	—	COM	61744U106
—	INDIA FD INC	16,900	$456	0.2%	$25.23	—	COM	454089103
—	ORBCOMM INC	39,685	$448	0.2%	$10.21	—	COM	68555P100
AMZN	AMAZON COM INC	463	$448	0.2%	$31.52	+51.4%	COM	023135106
—	ABERDEEN LATIN AMER EQTY FD	19,127	$443	0.2%	$23.53	—	COM	00306K106
LMT	LOCKHEED MARTIN CORP	1,586	$440	0.2%	$167.51	+30.3%	COM	539830109
MMM	3M CO	2,080	$433	0.2%	$92.11	+35.3%	COM	88579Y101
—	EATON VANCE CA MUNI INCOME T	34,290	$430	0.2%	$12.54	—	SH BEN INT	27826F101
—	BLACKROCK MUNI N Y INTER DUR	28,889	$404	0.2%	$13.98	—	COM	09255F109
—	EATON VANCE PA MUNI INCOME T	32,994	$403	0.2%	$12.07	—	SH BEN INT	27826T101
LUV	SOUTHWEST AIRLS CO	6,260	$389	0.2%	$48.92	+7.0%	COM	844741108
MO	ALTRIA GROUP INC	5,044	$376	0.2%	$30.00	+31.0%	COM	02209S103
—	EAGLE CAP GROWTH FD INC	46,443	$365	0.2%	$7.55	—	COM	269451100
—	EATON VANCE MI MUNI INCOME T	24,034	$325	0.2%	$13.52	—	SH BEN INT	27826D106
MAN	MANPOWERGROUP INC	2,880	$322	0.2%	$98.31	+5.0%	COM	56418H100
—	GENERAL ELECTRIC CO	11,905	$322	0.2%	$31.14	—	COM	369604103
LEA	LEAR CORP	2,225	$316	0.2%	$119.45	+0.1%	COM NEW	521865204
CVX	CHEVRON CORP NEW	2,889	$301	0.2%	$58.43	+25.3%	COM	166764100
F	FORD MTR CO DEL	25,000	$280	0.1%	$8.21	-13.6%	COM PAR $0.01	345370860
SBUX	STARBUCKS CORP	4,765	$278	0.1%	$46.79	+7.3%	COM	855244109
ELV	ANTHEM INC	1,449	$273	0.1%	$160.37	0.0%	COM	036752103
BP	BP PLC	7,800	$270	0.1%	$31.24	—	SPONSORED ADR	055622104
—	EATON VANCE NY MUNI INCOME T	19,760	$258	0.1%	$13.06	—	SH BEN INT	27826W104
PM	PHILIP MORRIS INTL INC	2,200	$258	0.1%	$55.87	+32.9%	COM	718172109
—	MAGELLAN MIDSTREAM PRTNRS LP	3,604	$257	0.1%	$67.92	—	COM UNIT RP LP	559080106
—	BLACKROCK ENHANCED INTL DIV	40,500	$254	0.1%	$5.57	—	COM BENE INTER	092524107
WMT	WAL-MART STORES INC	3,320	$251	0.1%	$16.63	+32.4%	COM	931142103
—	BIOHAVEN PHARMACTL HLDG CO L	10,000	$250	0.1%	$25.00	—	COM	G11196105
WGO	WINNEBAGO INDS INC	7,085	$248	0.1%	$31.90	-12.2%	COM	974637100
—	JUNIPER NETWORKS INC	8,850	$247	0.1%	$27.91	—	COM	48203R104
THO	THOR INDS INC	2,350	$246	0.1%	$86.83	-6.3%	COM	885160101
ASND	ASCENDIS PHARMA A S	8,590	$238	0.1%	$27.71	—	SPONSORED ADR	04351P101
—	MAXIM INTEGRATED PRODS INC	5,233	$235	0.1%	$39.94	—	COM	57772K101
ISRG	INTUITIVE SURGICAL INC	247	$231	0.1%	$96.11	0.0%	COM NEW	46120E602
VTI	VANGUARD INDEX FDS	1,805	$225	0.1%	$121.33	—	TOTAL STK MKT	922908769
—	HAWAIIAN HOLDINGS INC	4,795	$225	0.1%	$55.45	—	COM	419879101
—	BLACKROCK ENHANCED GBL DIV T	16,700	$221	0.1%	$11.57	—	COM	092501105
—	BLACKROCK ENERGY & RES TR	15,900	$207	0.1%	$13.73	—	COM	09250U101
RHI	ROBERT HALF INTL INC	4,300	$206	0.1%	$46.75	0.0%	COM	770323103
JNJ	JOHNSON & JOHNSON	1,550	$205	0.1%	$100.38	0.0%	COM	478160104
—	AETNA INC NEW	1,320	$200	0.1%	$151.52	—	COM	00817Y108
—	MORGAN STANLEY EM MKTS DM DE	19,700	$156	0.1%	$7.22	—	COM	617477104
—	NUVEEN QUALITY MUNCP INCOME	10,525	$148	0.1%	$15.11	—	COM	67066V101
—	ROYCE MICRO-CAP TR INC	17,047	$147	0.1%	$8.01	—	COM	780915104
—	EATON VANCE N Y MUN BD FD II	12,264	$146	0.1%	$11.90	—	COM	27828T109
UUUU	ENERGY FUELS INC	28,647	$46	0.0%	$2.50	-30.6%	COM NEW	292671708