Bramshill Investments, LLC Diversified Active

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
TBT	PROSHARES ULTRASHORT 20 PLUS Y TR	1,655,777	$60,055	19.5%	$35.50	—	ETF	74347B201
—	NUVEEN CREDIT STRAT INC FD	4,875,007	$38,708	12.5%	$8.50	—	ETF	67073D102
—	HES 8 02/01/19	396,922	$23,700	7.7%	$59.71	—	CONVERTIBLE	42809H404
—	WPX 6 1/4 07/31/18	324,478	$20,504	6.6%	$51.52	—	CONVERTIBLE	98212B202
—	INVESCO SENIOR INCOME TRUST	3,559,405	$15,661	5.1%	$4.51	—	ETF	46131H107
—	KMI 9 1/4 10/26/18	484,554	$15,021	4.9%	$42.53	—	CONVERTIBLE	49456B200
—	WESTERN ASSET HIGH INCOME OP	2,305,676	$11,090	3.6%	$5.07	—	ETF	95766K109
—	NUVEEN QUAL MUNI INCOME FD	833,737	$10,955	3.6%	$13.15	—	ETF	67066V101
—	STWD 4 04/01/23	7,423,000	$7,467	2.4%	$1.02	—	CONVERTIBLE	85571BAH8
—	APC 7 1/2 06/07/18	213,355	$6,358	2.1%	$38.49	—	CONVERTIBLE	032511404
—	BLACKSTONE GROUP LP/THE	117,363	$3,750	1.2%	$33.35	—	COMMON	09253U108
—	CARLYLE GROUP/THE	153,665	$3,281	1.1%	$19.87	—	COMMON	14309L102
—	BLACKROCK CORPORATE HIGH YIE	308,058	$3,262	1.1%	$10.99	—	ETF	09255P107
—	CRESTWOOD EQUITY PARTNERS LP	119,600	$3,062	1.0%	$23.50	—	COMMON	226344208
ARCC	ARES CAPITAL CORP	177,127	$2,811	0.9%	$7.41	+0.9%	COMMON	04010L103
—	SUNCOKE ENERGY PARTNERS LP	118,240	$2,105	0.7%	$17.55	—	COMMON	86722Y101
IEP	ICAHN ENTERPRISES LP	35,325	$2,015	0.7%	$51.75	—	COMMON	451100101
ARI	APOLLO COMMERCIAL REAL ESTAT	104,353	$1,876	0.6%	$18.55	—	COMMON	03762U105
TRGP	TARGA RESOURCES CORP	41,513	$1,827	0.6%	$35.39	+0.2%	COMMON	87612G101
GLP	GLOBAL PARTNERS LP	118,642	$1,821	0.6%	$18.05	—	COMMON	37946R109
HTGC	HERCULES CAPITAL INC	150,379	$1,820	0.6%	$13.89	-9.7%	COMMON	427096508
—	APOLLO INVESTMENT CORP	344,825	$1,800	0.6%	$6.39	—	COMMON	03761U106
EQIX	EQUINIX INC	4,250	$1,777	0.6%	$361.54	0.0%	COMMON	29444U700
DLR	DIGITAL REALTY TRUST INC	16,832	$1,774	0.6%	$80.05	0.0%	COMMON	253868103
IRM	IRON MOUNTAIN INC	53,771	$1,767	0.6%	$21.76	0.0%	COMMON	46284V101
MPLX	MPLX LP	53,468	$1,767	0.6%	$33.41	—	COMMON	55336V100
APAM	ARTISAN PARTNERS ASSET MA -A	52,460	$1,747	0.6%	$17.01	0.0%	COMMON	04316A108
—	CYRUSONE INC	33,861	$1,734	0.6%	$51.21	—	COMMON	23283R100
—	PATTERN ENERGY GROUP INC -A	99,295	$1,717	0.6%	$23.84	—	COMMON	70338P100
—	CORESITE REALTY CORP	17,062	$1,711	0.6%	$100.28	—	COMMON	21870Q105
—	WASHINGTON PRIME GROUP INC	247,730	$1,652	0.5%	$8.33	—	COMMON	93964W108
—	GOLAR LNG PARTNERS LP	92,077	$1,575	0.5%	$20.07	—	COMMON	Y2745C102
—	GASLOG PARTNERS LP	64,593	$1,505	0.5%	$24.75	—	COMMON	Y2687W108
—	APOLLO GLOBAL MANAGEMENT - A	49,317	$1,461	0.5%	$33.46	—	COMMON	037612306
—	PIMCO DYNAMIC CREDIT AND MOR	62,631	$1,433	0.5%	$22.32	—	ETF	72202D106
XLE	ENERGY SELECT SECTOR SPDR	19,309	$1,302	0.4%	$66.11	—	ETF	81369Y506
—	SUMMIT MIDSTREAM PARTNERS LP	91,408	$1,284	0.4%	$22.65	—	COMMON	866142102
—	ALERIAN MLP ETF	134,142	$1,257	0.4%	$10.58	—	ETF	00162Q866
—	ENERGY TRANSFER PARTNERS LP	75,212	$1,220	0.4%	$20.39	—	COMMON	29278N103
M	MACY'S INC	37,417	$1,113	0.4%	$21.94	+23.2%	COMMON	55616P104
NGL	NGL ENERGY PARTNERS LP	97,940	$1,077	0.3%	$14.05	—	COMMON	62913M107
MSFT	MICROSOFT CORP	11,192	$1,021	0.3%	$62.32	+35.3%	COMMON	594918104
—	VIPER ENERGY PARTNERS LP	39,785	$1,011	0.3%	$25.41	—	COMMON	92763M105
—	CHIMERA INVESTMENT CORP	57,261	$997	0.3%	$18.48	—	COMMON	16934Q208
SPG	SIMON PROPERTY GROUP INC	6,395	$987	0.3%	$102.56	+1.3%	COMMON	828806109
RITM	NEW RESIDENTIAL INVESTMENT	58,963	$970	0.3%	$17.88	—	COMMON	64828T201
USAC	USA COMPRESSION PARTNERS LP	56,279	$953	0.3%	$16.53	—	COMMON	90290N109
—	ANADARKO PETROLEUM CORP	15,715	$949	0.3%	$52.21	—	COMMON	032511107
—	NEW SENIOR INVESTMENT GROUP	115,894	$948	0.3%	$7.56	—	COMMON	648691103
—	WESTERN ASSET GLOBAL HIGH IN	100,500	$946	0.3%	$10.06	—	ETF	95766B109
AGNC	AGNC INVESTMENT CORP	49,911	$944	0.3%	$21.29	—	COMMON	00123Q104
ARLP	ALLIANCE RESOURCE PARTNERS	52,812	$932	0.3%	$19.71	—	COMMON	01877R108
—	NUVEEN GLOBAL H-I FD	57,537	$927	0.3%	$16.91	—	ETF	67075G103
—	ANNALY CAPITAL MANAGEMENT IN	88,280	$921	0.3%	$12.05	—	COMMON	035710409
—	ARES MANAGEMENT LP	42,993	$920	0.3%	$21.40	—	COMMON	04014Y101
NEWT	NEWTEK BUSINESS SERVICES COR	50,782	$918	0.3%	$17.73	-0.1%	COMMON	652526203
NMFC	NEW MOUNTAIN FINANCE CORP	68,927	$906	0.3%	$5.84	-3.9%	COMMON	647551100
—	TWO HARBORS INVESTMENT CORP	58,765	$903	0.3%	$16.27	—	COMMON	90187B408
—	GAMCO GLOBAL GOLD NATURAL RE	181,515	$888	0.3%	$5.21	—	COMMON	36465A109
GLPI	GAMING AND LEISURE PROPERTIE	26,379	$883	0.3%	$35.00	—	COMMON	36467J108
—	MACQUARIE INFRASTRUCTURE COR	23,458	$866	0.3%	$60.50	—	COMMON	55608B105
SUN	SUNOCO LP	33,574	$856	0.3%	$28.40	—	COMMON	86765K109
—	CVR REFINING LP	65,254	$852	0.3%	$16.56	—	COMMON	12663P107
—	HESS CORP	16,688	$845	0.3%	$48.97	—	COMMON	42809H107
STWD	STARWOOD PROPERTY TRUST INC	40,268	$844	0.3%	$22.39	—	COMMON	85571B105
—	FORTRESS TRANSPORTATION & IN	52,627	$839	0.3%	$15.94	—	COMMON	34960P101
—	HOEGH LNG PARTNERS LP	51,605	$836	0.3%	$19.16	—	COMMON	Y3262R100
DLNG	DYNAGAS LNG PARTNERS LP	82,322	$823	0.3%	$10.00	—	COMMON	Y2188B108
—	TCP CAPITAL CORP	55,525	$790	0.3%	$14.23	—	COMMON	87238Q103
—	DDR CORP	107,531	$788	0.3%	$9.16	—	COMMON	23317H102
—	NATIONAL CINEMEDIA INC	145,872	$757	0.2%	$7.42	—	COMMON	635309107
MMLP	MARTIN MIDSTREAM PARTNERS LP	56,101	$757	0.2%	$17.55	—	COMMON	573331105
SBUX	STARBUCKS CORP	12,952	$750	0.2%	$47.45	+2.7%	COMMON	855244109
EOG	EOG RESOURCES INC	7,095	$747	0.2%	$74.05	+9.1%	COMMON	26875P101
—	CENTURYLINK INC	42,441	$697	0.2%	$23.87	—	COMMON	156700106
—	APACHE CORP	15,098	$581	0.2%	$43.67	—	COMMON	037411105
DVN	DEVON ENERGY CORP	17,314	$550	0.2%	$26.16	-0.3%	COMMON	25179M103
SLB	SCHLUMBERGER LTD	8,172	$529	0.2%	$55.74	0.0%	COMMON	806857108
FCX	FREEPORT-MCMORAN INC	29,116	$512	0.2%	$17.03	0.0%	COMMON	35671D857
OXSQ	OXFORD SQUARE CAPITAL CORP	80,001	$489	0.2%	$5.83	0.0%	COMMON	69181V107
—	OXFORD LANE CAPITAL CORP	48,121	$487	0.2%	$10.05	—	COMMON	691543102
—	CAPITALA FINANCE CORP	62,941	$486	0.2%	$7.29	—	COMMON	14054R106
OFS	OFS CAPITAL CORP	40,827	$458	0.1%	$12.51	-6.6%	COMMON	67103B100
MSB	MESABI TRUST	17,633	$454	0.1%	$25.75	—	COMMON	590672101
PNNT	PENNANTPARK INVESTMENT CORP	67,603	$452	0.1%	$2.77	-3.8%	COMMON	708062104
—	UNITI GROUP INC	27,664	$450	0.1%	$17.80	—	COMMON	91325V108
—	FS INVESTMENT CORP	61,492	$446	0.1%	$7.35	—	COMMON	302635107
LULU	LULULEMON ATHLETICA INC	4,930	$439	0.1%	$56.22	+42.3%	COMMON	550021109
KMI	KINDER MORGAN INC	27,318	$411	0.1%	$11.08	0.0%	COMMON	49456B101
HIPS	GRANITESHARES HIPS US HIGH I	25,415	$410	0.1%	$17.73	—	ETF	38747R306
GM	GENERAL MOTORS CO	10,430	$379	0.1%	$37.49	-4.7%	COMMON	37045V100
IBB	ISHARES NASDAQ BIOTECHNOLOGY	3,438	$367	0.1%	$168.57	—	ETF	464287556
—	CREDIT SUISSE GROUP-SPON ADR	21,825	$366	0.1%	$14.61	—	COMMON	225401108
EEM	ISHARES MSCI EMERGING MARKET	7,246	$350	0.1%	$45.17	—	ETF	464287234
EFG	ISHARES MSCI EAFE GROWTH ETF	4,271	$343	0.1%	$78.55	—	ETF	464288885
SPY	SPDR S&P 500 ETF TRUST	1,206	$317	0.1%	$245.30	—	ETF	78462F103
—	INVESCO DYNAMIC CREDIT OPP	22,692	$266	0.1%	$12.01	—	ETF	46132R104
NEAR	ISHARES SHORT MATURITY BOND	5,000	$251	0.1%	$50.27	—	ETF	46431W507
PYPL	PAYPAL HOLDINGS INC	2,871	$218	0.1%	$72.14	+9.7%	COMMON	70450Y103
IGSB	ISHARES 1-3 YEAR CREDIT BOND	1,830	$190	0.1%	$105.27	—	ETF	464288646
—	CIMAREX ENERGY CO	1,855	$173	0.1%	$93.26	—	COMMON	171798101
TLT	ISHARES 20 PLUS YEAR TREASURY BO	1,093	$133	0.0%	$124.90	—	ETF	464287432
XLF	FINANCIAL SELECT SECTOR SPDR	2,259	$62	0.0%	$27.45	—	ETF	81369Y605
XLV	HEALTH CARE SELECT SECTOR	577	$47	0.0%	$81.61	—	ETF	81369Y209
—	FIRST TRUST SENIOR FLOATING	3,500	$33	0.0%	$9.43	—	ETF	33740K101
—	PRUDENTIAL GL SH DUR HI YLD	2,281	$32	0.0%	$14.72	—	ETF	74433A109
—	PROSHARES SHORT VIX ST FUTUR	2,254	$26	0.0%	$11.54	—	ETF	74347W627
GSG	ISHARES S&P GSCI COMMODITY I	1,354	$23	0.0%	$16.99	—	ETF	46428R107
—	INGERSOLL-RAND PLC	190	$16	0.0%	$84.21	—	COMMON	0B6330302
—	EATON CORP PLC	202	$16	0.0%	$79.21	—	COMMON	0B8KQN827