Location: Santa Monica, CA
CIK: 0001596468 · Show all filings
Period: Q4 2023 (← Previous) (Next →)
Filing Date: Feb 14, 2024
Total Value: $290M (98.4% shares, 1.6% debt)
| Ticker | Issuer | Shares | Value | % | Est. Cost | Unrealized | Class | CUSIP |
|---|---|---|---|---|---|---|---|---|
| — | Great Ajax Corp | 893,646 | $21.97M | 7.6% | $24.80 | — | 7.25 CV SR NT 24 | 38983D409 |
| — | BlackRock Health Sciences Term Trust | 1,293,211 | $18.95M | 6.5% | $14.63 | — | COM SHS | 09260E105 |
| — | Nuveen Core Plus Impact Fund | 1,712,647 | $17.26M | 5.9% | $10.24 | — | COM BEN INT | 67080D103 |
| XHIEX | Miller/Howard High Dividend Fund | 1,089,168 | $11.56M | 4.0% | $10.41 | — | COM SHS BEN IN | 600379101 |
| — | BlackRock Capital Investment Corp | 2,926,685 | $11.33M | 3.9% | $3.80 | — | COM | 092533108 |
| — | Nuveen Pennsylvania Quality Municipal Income Fund | 915,235 | $10.6M | 3.7% | $11.22 | — | COM | 670972108 |
| — | BlackRock ESG Capital Allocation Term Trust | 623,201 | $10.05M | 3.5% | $13.57 | — | SHS BEN INT | 09262F100 |
| — | PGIM Short Duration High Yield Opportunities Fund | 534,905 | $8.024M | 2.8% | $15.07 | — | COM | 69355J104 |
| XENWX | Eaton Vance New York Municipal Bond Fund | 805,172 | $7.77M | 2.7% | $9.25 | — | COM | 27827Y109 |
| — | PIMCO Energy & Tactical Credit Opportunities Fund | 333,376 | $6.828M | 2.4% | $19.31 | — | COM SHS BEN INT | 69346N107 |
| — | Great Ajax Corp | 1,185,097 | $6.281M | 2.2% | $8.36 | — | COM | 38983D300 |
| XBFZX | BlackRock California Municipal Income Trust | 468,805 | $5.64M | 1.9% | $11.70 | — | SH BEN INT | 09248E102 |
| ORC | Orchid Island Capital Inc | 637,430 | $5.374M | 1.9% | $8.43 | — | COM NEW | 68571X301 |
| XJPIX | Nuveen Preferred & Income Term Fund | 272,766 | $4.986M | 1.7% | $17.91 | — | COM | 67075A106 |
| XXHYBXX | New America High Income Fund Inc/The | 706,870 | $4.976M | 1.7% | $6.95 | — | COM NEW | 641876800 |
| — | MainStay MacKay DefinedTerm Municipal Opportunities Fund | 297,003 | $4.826M | 1.7% | $16.25 | — | COM | 56064K100 |
| — | Tortoise Midstream Energy Fund Inc | 132,739 | $4.614M | 1.6% | $35.74 | — | COM | 89148B200 |
| XEVMX | Eaton Vance California Municipal Bond Fund | 477,953 | $4.373M | 1.5% | $8.74 | — | COM | 27828A100 |
| — | DWS Municipal Income Trust | 467,648 | $4.157M | 1.4% | $8.65 | — | COM | 233368109 |
| — | ASA Gold and Precious Metals Ltd | 269,849 | $4.064M | 1.4% | $15.06 | — | SHS BEN INT | G3156P103 |
| — | Two Harbors Investment Corp | 4,250,000 | $4.048M | 1.4% | $0.85 | — | NOTE 6.250% 1/1 | 90187BAB7 |
| — | ClearBridge MLP & Midstream Total Return Fund Inc | 111,195 | $4.029M | 1.4% | $29.35 | — | COM | 18469Q207 |
| — | BNY Mellon Municipal Income Inc | 606,458 | $3.942M | 1.4% | $6.21 | — | COM | 05589T104 |
| — | General American Investors Co Inc | 88,016 | $3.78M | 1.3% | $37.56 | — | COM | 368802104 |
| — | DTF Tax-Free Income 2028 Term Fund Inc | 351,091 | $3.774M | 1.3% | $10.77 | — | COM | 23334J107 |
| — | MFS Investment Grade Municipal Trust | 491,954 | $3.724M | 1.3% | $7.39 | — | SH BEN INT | 59318B108 |
| — | Morgan Stanley India Investment Fund Inc | 170,163 | $3.653M | 1.3% | $22.08 | — | COM | 61745C105 |
| — | Mexico Fund Inc/The | 160,856 | $3.069M | 1.1% | $16.83 | — | COM | 592835102 |
| — | Taiwan Fund Inc/The/MD | 88,124 | $3.048M | 1.1% | $26.73 | — | COM | 874036106 |
| — | Nuveen New Jersey Quality Municipal Income Fund | 240,075 | $2.828M | 1.0% | $11.70 | — | COM | 67069Y102 |
| — | Destra Multi-Alternative Fund | 451,699 | $2.814M | 1.0% | $6.03 | — | Common Shares | 25065A502 |
| DSGN | Design Therapeutics Inc | 1,026,068 | $2.719M | 0.9% | $2.29 | 0.0% | COM | 25056L103 |
| NLY | Annaly Capital Management Inc | 139,493 | $2.702M | 0.9% | $19.37 | — | COM NEW | 035710839 |
| — | MFS High Income Municipal Trust | 745,919 | $2.648M | 0.9% | $3.35 | — | SH BEN INT | 59318D104 |
| — | Calamos Long/Short Equity & Dynamic Income Trust | 176,596 | $2.552M | 0.9% | $15.04 | — | COM | 12812C106 |
| — | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | 538,182 | $2.508M | 0.9% | $4.64 | — | COM | 617477104 |
| BRSP | BrightSpire Capital Inc | 332,001 | $2.47M | 0.9% | $6.32 | — | COM CL A | 10949T109 |
| ADAM | New York Mortgage Trust Inc | 281,326 | $2.4M | 0.8% | $9.96 | — | COM | 649604840 |
| — | Japan Smaller Capitalization Fund Inc | 298,460 | $2.265M | 0.8% | $7.30 | — | COM | 47109U104 |
| — | SRH Total Return Fund Inc | 162,267 | $2.251M | 0.8% | $12.49 | — | COM | 101507101 |
| XTTPX | Tortoise Pipeline & Energy Fund Inc | 78,585 | $2.209M | 0.8% | $28.11 | — | COM | 89148H207 |
| — | Tortoise Energy Infrastructure Corp | 72,664 | $2.091M | 0.7% | $30.53 | — | COM | 89147L886 |
| — | BlackRock MuniHoldings California Quality Fund Inc | 173,834 | $1.935M | 0.7% | $10.59 | — | COM | 09254L107 |
| — | Central Securities Corp | 49,584 | $1.873M | 0.6% | $35.00 | — | COM | 155123102 |
| — | BlackRock Municipal 2030 Target Term Trust | 87,115 | $1.812M | 0.6% | $20.27 | — | COM SH BEN IN | 09257P105 |
| — | Western Asset Inflation-Linked Opportunities & Income Fund | 205,674 | $1.783M | 0.6% | $8.96 | — | COM | 95766R104 |
| — | Clough Global Dividend and Income Fund | 326,583 | $1.681M | 0.6% | $5.40 | — | COM | 18913Y103 |
| — | BNY Mellon Strategic Municipals Inc | 285,933 | $1.676M | 0.6% | $5.82 | — | COM | 05588W108 |
| — | Eaton Vance California Municipal Income Trust | 160,109 | $1.656M | 0.6% | $9.92 | — | SH BEN INT | 27826F101 |
| — | Invesco Trust for Investment Grade New York Municipals | 152,979 | $1.593M | 0.5% | $10.41 | — | COM | 46131T101 |
| — | BlackRock MuniHoldings Fund Inc | 130,301 | $1.552M | 0.5% | $11.91 | — | COM | 09253N104 |
| — | First Trust Energy Income and Growth Fund | 101,846 | $1.475M | 0.5% | $14.48 | — | COM | 33738G104 |
| — | First Trust MLP and Energy Income Fund | 171,191 | $1.467M | 0.5% | $8.57 | — | COM | 33739B104 |
| — | DWS Strategic Municipal Income Trust | 163,393 | $1.413M | 0.5% | $8.12 | — | COM | 23342Q101 |
| — | ABRDN National Municipal Income Fund | 134,773 | $1.376M | 0.5% | $8.93 | — | SH BEN INT | 24610T108 |
| — | Invesco Pennsylvania Value Municipal Income Trust | 133,606 | $1.336M | 0.5% | $9.56 | — | COM | 46132K109 |
| XMIOX | Pioneer Municipal High Income Opportunities Fund Inc | 121,792 | $1.287M | 0.4% | $10.57 | — | COMMON STOCK | 723760104 |
| — | Virtus Dividend Interest & Premium Strategy Fund | 94,063 | $1.185M | 0.4% | $12.60 | — | COM | 92840R101 |
| — | Voya Infrastructure Industrials and Materials Fund | 107,662 | $1.096M | 0.4% | $10.25 | — | COM | 92912X101 |
| — | First Trust Energy Infrastructure Fund | 63,927 | $1.052M | 0.4% | $16.46 | — | COM | 33738C103 |
| — | Flaherty & Crumrine Preferred and Income Securities Fund Inc | 74,631 | $1.037M | 0.4% | $13.90 | — | COM | 338478100 |
| — | Brookfield Real Assets Income Fund Inc | 74,208 | $951K | 0.3% | $12.81 | — | SHS BEN INT | 112830104 |
| — | NXG NextGen Infrastructure Income Fund | 25,799 | $917K | 0.3% | $38.83 | — | COM | 231647207 |
| — | Blackstone Strategic Credit 2027 Term Fund | 80,158 | $907K | 0.3% | $11.21 | — | COM SHS BEN IN | 09257R101 |
| — | John Hancock Tax-Advantaged Global Shareholder Yield Fund | 163,125 | $834K | 0.3% | $5.11 | — | TAX ADV GLB SH | 41013P749 |
| — | BNY Mellon Strategic Municipal Bond Fund Inc | 138,197 | $789K | 0.3% | $5.62 | — | COM | 09662E109 |
| — | Central and Eastern Europe Fund Inc | 78,923 | $769K | 0.3% | $9.75 | — | COM | 153436100 |
| PFX | PhenixFIN Corp | 17,818 | $753K | 0.3% | $37.62 | -5.1% | COM | 71742W103 |
| — | Clough Global Opportunities Fund | 157,689 | $741K | 0.3% | $4.70 | — | SH BEN INT | 18914E106 |
| MTG | MGIC Investment Corp | 37,926 | $732K | 0.3% | $14.31 | +23.7% | COM | 552848103 |
| RDN | Radian Group Inc | 25,359 | $724K | 0.2% | $15.40 | +60.2% | COM | 750236101 |
| — | MainStay CBRE Global Infrastructure Megatrends Term Fund | 52,856 | $686K | 0.2% | $12.98 | — | COM | 56064Q107 |
| — | Nicholas Financial Inc | 96,324 | $665K | 0.2% | $6.46 | — | COM NEW | 65373J209 |
| — | Neuberger Berman Municipal Fund Inc | 63,057 | $653K | 0.2% | $10.35 | — | COM | 64124P101 |
| — | Neuberger Berman Next Generation Connectivity Fund Inc | 58,712 | $642K | 0.2% | $10.93 | — | COMMON STOCK | 64133Q108 |
| — | Morgan Stanley China A Share Fund Inc | 48,425 | $617K | 0.2% | $13.85 | — | COM | 617468103 |
| XDCFX | BNY Mellon Alcentra Global Credit Income 2024 Target Term Fund Inc | 74,631 | $608K | 0.2% | $8.15 | — | COM | 05588N108 |
| XBNYX | BlackRock New York Municipal Income Trust | 56,906 | $599K | 0.2% | $10.53 | — | SH BEN INT | 09248L106 |
| — | Western Asset Intermediate Muni Fund Inc | 73,762 | $568K | 0.2% | $7.64 | — | COM | 958435109 |
| — | Nuveen California Quality Municipal Income Fund | 47,674 | $529K | 0.2% | $11.09 | — | COM | 67066Y105 |
| XPMAX | Pioneer Municipal High Income Advantage Fund Inc | 64,392 | $516K | 0.2% | $8.02 | — | COM | 723762100 |
| — | BlackRock MuniYield Pennsylvania Quality Fund | 40,620 | $472K | 0.2% | $11.27 | — | COM | 09255G107 |
| LADR | Ladder Capital Corp | 40,431 | $465K | 0.2% | $11.87 | — | CL A | 505743104 |
| — | PennyMac Corp | 500,000 | $456K | 0.2% | $0.81 | — | NOTE 5.500% 3/1 | 70932AAF0 |
| — | BlackRock Credit Allocation Income Trust | 42,622 | $440K | 0.2% | $10.32 | — | COM | 092508100 |
| — | Western Asset Investment Grade Defined Opportunity Trust Inc | 23,579 | $415K | 0.1% | $16.92 | — | COM | 95790A101 |
| — | Blackstone Senior Floating Rate 2027 Term Fund | 27,709 | $370K | 0.1% | $13.10 | — | COM | 09256U105 |
| — | Korea Fund Inc/The | 15,400 | $360K | 0.1% | $23.40 | — | COM NEW | 500634209 |
| — | Mexico Equity and Income Fund Inc/The | 32,088 | $359K | 0.1% | $9.54 | — | COM | 592834105 |
| — | WHEELER REIT INC | 5,272 | $316K | 0.1% | $50.00 | — | 7% SR NT 31 | 963025804 |
| — | Gabelli Healthcare & WellnessRx Trust/The | 33,418 | $312K | 0.1% | $8.62 | — | SHS BEN INT | 36246K103 |
| — | Invesco Quality Municipal Income Trust | 32,173 | $306K | 0.1% | $9.51 | — | COM | 46133G107 |
| XMUIX | BlackRock Municipal Income Fund Inc | 25,491 | $297K | 0.1% | $11.64 | — | COM | 09253X102 |
| CCIF | Carlyle Credit Income Fund | 35,291 | $281K | 0.1% | $8.18 | — | SH BEN INT | 92535C104 |
| — | Special Opportunities Fund Inc | 23,616 | $280K | 0.1% | $11.07 | — | COM | 84741T104 |
| — | New Germany Fund Inc/The | 31,573 | $276K | 0.1% | $8.74 | — | COM | 644465106 |
| XMHIX | Pioneer Municipal High Income Fund Trust | 30,632 | $264K | 0.1% | $8.63 | — | COM SHS | 723763108 |
| — | Nuveen New York AMT-Free Quality Municipal Income Fund | 25,000 | $263K | 0.1% | $10.53 | — | COM | 670656107 |
| — | MFS High Yield Municipal Trust | 77,289 | $256K | 0.1% | $3.31 | — | SH BEN INT | 59318E102 |
| — | BlackRock MuniHoldings New York Quality Fund Inc | 23,647 | $249K | 0.1% | $10.51 | — | COM | 09255C106 |
| C | Citigroup Inc | 4,500 | $231K | 0.1% | $41.35 | 0.0% | COM NEW | 172967424 |
| — | BlackRock MuniYield New York Quality Fund Inc | 21,036 | $217K | 0.1% | $10.33 | — | COM | 09255E102 |
| VEL | Velocity Financial Inc | 12,120 | $209K | 0.1% | $5.46 | +148.0% | COM | 92262D101 |
| — | Federated Hermes Premier Municipal Income Fund | 17,873 | $196K | 0.1% | $10.99 | — | COM | 31423P108 |
| — | First Trust Specialty Finance and Financial Opportunities Fund | 45,984 | $165K | 0.1% | $3.52 | — | COM BEN INTR | 33733G109 |
| — | PIMCO New York Municipal Income Fund | 20,428 | $161K | 0.1% | $7.86 | — | COM | 72200T103 |
| — | Nuveen Arizona Quality Municipal Income Fund | 11,964 | $128K | 0.0% | $10.71 | — | COM | 67061W104 |
| — | Invesco Municipal Trust | 13,365 | $127K | 0.0% | $9.53 | — | COM | 46131J103 |
| XTEAX | Ecofin Sustainable and Social | 10,292 | $121K | 0.0% | $12.93 | — | COM SH BEN INT | 27901F109 |
| SPPP | Sprott Physical Platinum & Palladium Trust | 11,800 | $119K | 0.0% | $10.09 | — | UNIT | 85207Q104 |
| — | Nuveen Virginia Quality Municipal Income Fund | 10,571 | $114K | 0.0% | $10.78 | — | COM | 67064R102 |
| — | Templeton Emerging Markets Income Fund | 17,010 | $86,751 | 0.0% | $4.61 | — | COM | 880192109 |
| — | Western Asset Inflation-Linked Income Fund | 10,379 | $84,277 | 0.0% | $8.12 | — | COM SH BEN INT | 95766Q106 |
| — | BNY Mellon High Yield Strategies Fund | 35,268 | $80,764 | 0.0% | $2.29 | — | SH BEN INT | 09660L105 |
| EARN | Ellington Residential Mortgage REIT | 11,683 | $71,617 | 0.0% | $7.14 | — | COM SHS BEN INT | 288578107 |
| XPCKX | PIMCO California Municipal Income Fund II | 10,663 | $61,845 | 0.0% | $5.80 | — | COM | 72200M108 |