ROBINSON CAPITAL MANAGEMENT, LLC Activity Q4 2013-Q3 2023

Q3 2023

			Value		Shares		↓ Weighting
NVG	Buy	NUVEEN AMT-FR MUNI CREDIT FDclosed-end fund	$11,923,740	+16.5%	1,152,609	+32.4%	5.31%	+17.0%
NZF	Buy	NUVEEN MUNICIPAL CREDIT INCclosed-end fund	$11,705,097	+149.5%	1,120,105	+179.6%	5.22%	+150.6%
NAD	Buy	NUVEEN QUAL MUNI INCOME FDclosed-end fund	$11,243,813	+25.6%	1,110,500	+39.3%	5.01%	+26.1%
NEA	Buy	NUVEEN AMT-FR QLTY MUNI INCclosed-end fund	$9,270,026	+18.3%	961,621	+34.4%	4.13%	+18.8%
VTEB	New	VANGUARD TAX-EXEMPT BOND ETFetp	$8,250,370	–	173,000	–	3.68%	–
HYD	New	VANECK HIGH YIELD MUNI ETFetp	$7,307,479	–	151,576	–	3.26%	–
MQY	Buy	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$6,249,339	-3.8%	601,187	+7.8%	2.78%	-3.4%
PMO	New	PUTNAM MUNI OPPORTUNITIES TRclosed-end fund	$5,688,043	–	637,673	–	2.54%	–
MVF	Sell	BLACKROCK MUNIVEST FUNDclosed-end fund	$5,131,179	-21.6%	834,338	-13.7%	2.29%	-21.2%
BFK	Sell	BLACKROCK MUNICIPAL INC TRSTclosed-end fund	$5,049,818	-30.7%	561,715	-23.0%	2.25%	-30.4%
TFI	New	SPDR NUVEEN BLOOMBERG MUNICIetp	$4,644,870	–	107,000	–	2.07%	–
EVN	Sell	EATON VANCE MUNI INC TRclosed-end fund	$4,613,994	-17.9%	515,530	-8.2%	2.06%	-17.6%
DSM	Buy	BNYM STRAT MUNI BNDclosed-end fund	$4,474,185	+9.8%	901,145	+26.6%	1.99%	+10.2%
VKI	Buy	INVESCO ADV MUNI INC TR IIclosed-end fund	$4,429,998	+28.2%	595,030	+45.5%	1.97%	+28.8%
MQT	Sell	BLACKROCK MUNIYIELD QUAL IIclosed-end fund	$3,998,808	-12.9%	439,671	-3.6%	1.78%	-12.6%
VGM	Buy	INVESCO TRUST FOR INVESTMENclosed-end fund	$3,856,749	+78.5%	451,610	+103.2%	1.72%	+79.2%
MIY	Buy	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$3,853,011	+0.9%	389,193	+13.0%	1.72%	+1.4%
BLE	Sell	BLACKROCK MUN INC TRUST IIclosed-end fund	$3,597,117	-45.6%	385,539	-39.5%	1.60%	-45.4%
MUI	Buy	BLACKROCK MUNICIPAL INCOMEclosed-end fund	$3,205,585	+4.1%	314,273	+16.5%	1.43%	+4.5%
MVT	Sell	BLACKROCK MUNIVEST FUND IIclosed-end fund	$3,198,685	-25.8%	340,648	-16.0%	1.42%	-25.5%
LEO	Sell	BNY MELLON STRATEGIC MUNIclosed-end fund	$3,055,907	-24.8%	574,959	-11.1%	1.36%	-24.5%
EIM	Buy	EATON VANCE MUNICIPAL BONDclosed-end fund	$2,895,660	+8.5%	322,816	+21.1%	1.29%	+9.0%
MMU	Sell	WESTERN ASSET MANAGED MUNICIclosed-end fund	$2,594,673	-64.6%	287,977	-60.9%	1.16%	-64.5%
VKQ	Buy	INVESCO MUNICIPAL TRUSTclosed-end fund	$2,447,920	+29.5%	292,289	+46.9%	1.09%	+30.0%
MHD	Sell	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$2,437,822	-39.4%	233,956	-32.2%	1.09%	-39.2%
MAV	Sell	PIONEER MUNICIPAL HIGH INCclosed-end fund	$2,403,479	-48.9%	356,594	-39.8%	1.07%	-48.7%
MUA	Sell	BLACKROCK MUNIASSETS FUNDclosed-end fund	$2,215,410	-48.6%	248,861	-40.7%	0.99%	-48.4%
DMB	Sell	BNYM MUNI BND INFRAclosed-end fund	$2,211,575	-21.1%	225,326	-12.7%	0.99%	-20.7%
VMO	Sell	INVESCO MUNICIPAL OPPORTclosed-end fund	$2,082,601	-43.8%	251,826	-35.5%	0.93%	-43.6%
MYI	Buy	BLACKROCK MUNIYIELD QLTY IIIclosed-end fund	$2,065,464	+36.9%	215,827	+56.7%	0.92%	+37.5%
MYD	Sell	BLACKROCK MUNIYIELD FUNDclosed-end fund	$2,045,063	-28.9%	221,320	-19.3%	0.91%	-28.7%
FMN	Buy	FEDERATED HERMES PREMIER MUNclosed-end fund	$1,974,523	-5.0%	204,402	+4.4%	0.88%	-4.7%
VTN	Buy	INVESCO TR FOR INVEST GRD NYclosed-end fund	$1,890,871	-5.9%	208,936	+6.8%	0.84%	-5.4%
PCQ	Buy	PIMCO CALIFORNIA MUNI INC FDclosed-end fund	$1,864,956	-13.4%	223,348	+1.9%	0.83%	-13.1%
MHI	Sell	PIONEER MUNI HIGH INC TRclosed-end fund	$1,832,249	-44.9%	252,724	-34.8%	0.82%	-44.7%
KSM	Buy	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$1,799,509	-10.9%	239,580	+0.5%	0.80%	-10.5%
BYM	Sell	BLACKROCK MUNICIPAL INCOME Qclosed-end fund	$1,685,678	-34.4%	169,075	-25.6%	0.75%	-34.2%
MHF	Buy	WESTERN ASSET MUNICIPAL HIGHclosed-end fund	$1,639,384	-1.5%	272,776	+7.2%	0.73%	-1.1%
	Sell	PIONEER MUNI HIGH INC OPPclosed-end fund	$1,614,632	-14.8%	168,542	-4.1%	0.72%	-14.4%
IQI	Buy	INVESCO QUALITY MUNI INC TRclosed-end fund	$1,583,971	+53.9%	189,018	+76.3%	0.71%	+54.5%
IIM	Buy	INVESCO VALUE MUNICIPAL INCOclosed-end fund	$1,517,553	+5.4%	146,059	+20.7%	0.68%	+5.8%
NAC	New	NUVEEN CA QUAL MUNI INC FDclosed-end fund	$1,512,698	–	157,900	–	0.67%	–
PMM	New	PUTNAM MANAGED MUNI INCM TRSclosed-end fund	$1,496,318	–	285,013	–	0.67%	–
NRK	Sell	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$1,408,249	-14.4%	148,382	-6.5%	0.63%	-14.0%
KTF	Sell	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$1,376,065	-61.4%	177,328	-57.1%	0.61%	-61.3%
BTT	New	BLACKROCK 2030 MUNI TRGT TRMclosed-end fund	$1,355,761	–	70,029	–	0.60%	–
EVM	Buy	EATON VANCE CAL MUNI BONDclosed-end fund	$1,165,314	-8.1%	143,335	+1.2%	0.52%	-7.7%
CPTK	Sell	CROWN PROPTECH ACQUISITION-A	$1,013,282	-5.0%	96,503	-7.5%	0.45%	-4.4%
NPV	New	NUVEEN VA QUAL MUNI INC FDclosed-end fund	$931,345	–	98,974	–	0.42%	–
DMF	Sell	BNYM MUNICIPAL INCOMEclosed-end fund	$907,791	-73.7%	160,671	-70.6%	0.40%	-73.5%
NSTD	Buy	NORTHERN STAR INVESTMENT -A	$907,306	+43.4%	87,241	+42.3%	0.40%	+43.8%
MBAC	Sell	M3-BRIGADE ACQUISITION II-A	$896,740	-5.1%	85,977	-6.8%	0.40%	-4.5%
MUJ	Buy	BLACKROCK MUNIHOLDINGS NJ QUclosed-end fund	$863,348	+6.0%	85,480	+17.7%	0.38%	+6.6%
	New	PROJECT ENERGY REIMAGINED AC	$847,877	–	81,059	–	0.38%	–
	Buy	ACROPOLIS INFRASTRUCTURE - A	$846,353	+20.1%	82,250	+18.6%	0.38%	+20.4%
	Sell	EVE MOBILITY ACQUISITION C-A	$843,239	-13.4%	78,955	-14.3%	0.38%	-13.0%
	Sell	GORES HOLDING IX INC-CL A	$802,190	-4.8%	75,965	-7.6%	0.36%	-4.5%
	Sell	BURTECH ACQUISITION CORP-A	$797,869	-6.8%	75,771	-7.6%	0.36%	-6.3%
CMU	New	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$790,794	–	253,891	–	0.35%	–
	Buy	JUNIPER II CORP -CLASS A	$768,025	+2.7%	72,250	+0.3%	0.34%	+3.0%
	Sell	FTAC EMERALD ACQUISITION -A	$736,359	-7.2%	70,465	-8.1%	0.33%	-6.8%
	Buy	KNIGHTSWAN ACQUISITION COR-A	$734,355	+71.8%	69,872	+72.8%	0.33%	+72.1%
CCV	Sell	CHURCHILL CAPITAL CORP V-A	$709,577	-14.9%	68,360	-16.6%	0.32%	-14.6%
PRSR	Buy	PROSPECTOR CAPITAL CORP-CL A	$709,366	+3.5%	65,682	+0.0%	0.32%	+3.9%
	Buy	CONCORD ACQUISITION CORP -A	$694,174	+463.8%	67,461	+462.2%	0.31%	+461.8%
NSTC	New	NORTHERN STAR INVESTMENT -A	$693,107	–	66,326	–	0.31%	–
BFZ	New	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$654,565	–	64,173	–	0.29%	–
TBCP	Sell	THUNDER BRIDGE CAPITAL PAR-A	$636,752	-4.4%	61,641	-5.3%	0.28%	-4.1%
NAN	New	NUVEEN NY QUAL MUNI INC FDclosed-end fund	$635,868	–	66,583	–	0.28%	–
NAZ	New	NUVEEN AZ QLTY MUNI INCclosed-end fund	$630,658	–	66,385	–	0.28%	–
	Sell	SILVERBOX CORP III-A	$567,202	-9.4%	55,445	-10.6%	0.25%	-9.0%
	New	KENSINGTON CAPITAL ACQ-A	$556,472	–	52,300	–	0.25%	–
FRXB	Sell	FOREST ROAD ACQUISITION CO-A	$553,342	-4.1%	53,463	-5.0%	0.25%	-3.5%
	Sell	EXCELFIN ACQUISITION CORP-A	$547,620	-15.4%	51,468	-17.3%	0.24%	-15.0%
	New	ESH ACQUISITION CORP-A	$520,057	–	51,389	–	0.23%	–
	Sell	ROTH CH ACQUISITION V CO	$517,203	-0.9%	49,024	-3.2%	0.23%	-0.9%
	Sell	CONCORD ACQUISITION CORP -A	$507,382	-19.4%	47,067	-22.2%	0.23%	-19.0%
ACAH	Sell	ATLANTIC COASTAL ACQUISITI-A	$506,585	-4.7%	48,477	-6.1%	0.23%	-4.2%
	Buy	DMY SQUARED TECHNOLOGY GR-A	$499,918	+372.6%	47,839	+364.5%	0.22%	+374.5%
	New	CARTICA ACQUISITION CORP-A	$488,795	–	45,427	–	0.22%	–
VCV	New	INVESCO CA V M Iclosed-end fund	$479,831	–	57,672	–	0.21%	–
	Buy	LIVE OAK CRESTVIEW CLIMATE-A	$480,810	+307.0%	46,500	+304.2%	0.21%	+311.5%
	New	PORTAGE FINTECH ACQUISITIO-A	$479,019	–	45,927	–	0.21%	–
RA	New	BROOKFIELD REAL ASSETS INCOMclosed-end fund	$466,289	–	38,602	–	0.21%	–
	New	BELLEVUE LIFE SCIENCES ACQUI	$437,564	–	42,000	–	0.20%	–
	Sell	JUPITER ACQUISITION CORP-A	$434,483	-39.1%	42,306	-39.3%	0.19%	-38.8%
BTWN	Sell	BRIDGETOWN HOLDINGS LTD-CL A	$434,167	-41.0%	41,908	-41.6%	0.19%	-40.8%
BKN	Sell	BLACKROCK INVEST QLTY MUNIclosed-end fund	$415,707	-87.5%	40,916	-85.7%	0.18%	-87.5%
	Buy	LAMF GLOBAL VENTURES CORP I	$406,038	+882.7%	37,983	+864.3%	0.18%	+905.6%
DHCA	Buy	DHC ACQUISITION CORP-A	$400,761	+136.4%	38,059	+130.5%	0.18%	+138.7%
	Sell	INCEPTION GROWTH ACQUISITION	$394,544	-5.4%	37,151	-7.7%	0.18%	-4.9%
ISD	New	PGIM HIGH YIELD BOND FUNDclosed-end fund	$395,813	–	34,599	–	0.18%	–
	Buy	ALTENERGY ACQUISITION CORP-A	$383,100	+35.0%	36,451	+33.0%	0.17%	+35.7%
LCA	Sell	LANDCADIA HOLDINGS IV INC-A	$383,821	-5.4%	36,835	-7.9%	0.17%	-5.0%
PFD	New	FLAHERTY & CRUMRINE PREFERREclosed-end fund	$357,603	–	39,911	–	0.16%	–
	Sell	BERENSON ACQUISITION CO-CL A	$346,060	-31.9%	33,828	-31.6%	0.15%	-31.9%
	Sell	TRAILBLAZER MERGER CORP I	$343,496	-46.0%	33,188	-46.8%	0.15%	-45.7%
	Sell	BANYAN ACQUISITION CORP-A	$330,513	-48.9%	31,358	-49.6%	0.15%	-48.8%
ALCC	Sell	ALTC ACQUISITION CORP-CL A	$322,120	-45.6%	31,183	-45.3%	0.14%	-45.2%
SPAX	New	ROBINSON ALT YLD PREMERG SPetp	$312,055	–	14,563	–	0.14%	–
CXH	New	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$302,070	–	43,526	–	0.14%	–
	New	PLUTONIAN ACQUISITION CORP	$301,364	–	28,377	–	0.13%	–
VAQC	Buy	VECTOR ACQUISITION CORP II-A	$290,785	+1.6%	28,014	+0.4%	0.13%	+2.4%
	Sell	HENNESSY CAPITAL INVEST-CL A	$286,904	-28.9%	27,747	-29.4%	0.13%	-28.5%
	Sell	SCREAMING EAGLE ACQ -CLASS A	$276,834	-53.1%	26,466	-53.7%	0.12%	-53.1%
JWSM	Buy	JAWS MUSTANG ACQUISITION C-A	$248,927	+18.5%	23,156	+17.6%	0.11%	+19.4%
	New	TMT ACQUISITION CORP-CL A	$208,900	–	20,000	–	0.09%	–
MUE	Sell	BLACKROCK MUNIHOLDINGS QU IIclosed-end fund	$185,433	-92.7%	20,742	-92.1%	0.08%	-92.7%
	Sell	CRIXUS BH3 ACQUISITION CO-A	$178,736	-22.1%	16,974	-23.4%	0.08%	-21.6%
	Sell	ANDRETTI ACQUISITION CORP-A	$174,858	-33.0%	16,281	-33.6%	0.08%	-32.8%
	Sell	OMNILIT ACQUISITION CORP-A	$174,412	-30.6%	16,454	-31.7%	0.08%	-29.7%
	New	HUDSON ACQUISITION I CORP	$169,942	–	15,957	–	0.08%	–
	New	HAYMAKER ACQUISITION CORP 4unit	$156,000	–	15,000	–	0.07%	–
	Sell	SOUTHPORT ACQUISITION CORP	$139,803	-54.2%	13,189	-54.6%	0.06%	-54.4%
KIO	Sell	KKR INCOME OPPORTUNITIESclosed-end fund	$133,889	-71.4%	11,361	-71.8%	0.06%	-71.2%
	Buy	POWERUP ACQUISITION COR-CL A	$129,825	+285.1%	11,250	+247.8%	0.06%	+286.7%
TWLV	New	TWELVE SEAS INVTMNT CO II -A	$128,498	–	12,320	–	0.06%	–
	Sell	ALCHEMY INVESTMENTS ACQUISITunit	$124,800	-12.7%	12,000	-14.3%	0.06%	-11.1%
NSTB	Sell	NORTHERN STAR INVESTMENT C-A	$122,520	-77.8%	12,000	-77.9%	0.06%	-77.6%
	New	INFLECTION POINT ACQUIS-CL A	$102,200	–	10,000	–	0.05%	–
	Sell	INFLECTION POINT ACQUISITIONunit	$103,000	-49.1%	10,000	-50.0%	0.05%	-48.9%
	Buy	FUTURE HEALTH ESG CORP	$96,554	+296.6%	9,152	+286.5%	0.04%	+290.9%
	Sell	INVESTCORP INDIA ACQUISITI-A	$89,725	-73.3%	8,262	-73.7%	0.04%	-73.2%
	Sell	PEARL HOLDINGS ACQUISITION-A	$82,190	-70.0%	7,667	-70.5%	0.04%	-69.7%
	Sell	TRISTAR ACQUISITION I CORP-A	$82,730	-74.4%	7,703	-75.0%	0.04%	-74.3%
	Buy	FOUR LEAF ACQUISITION COR-A	$71,877	+248.2%	6,852	+242.6%	0.03%	+255.6%
	Sell	CLOVER LEAF CAPITAL CORP -A	$66,479	-62.8%	5,801	-62.8%	0.03%	-62.0%
OSI	Sell	OSIRIS ACQUISITION CORP-A	$62,574	-32.1%	6,040	-29.8%	0.03%	-31.7%
	New	BOWEN ACQUISITION CORPunit	$52,000	–	5,000	–	0.02%	–
DISA	Buy	DISRUPTIVE ACQUISITION COR-A	$36,711	+1332.3%	3,368	+1247.2%	0.02%	+1500.0%
	Sell	AP ACQUISITION CORP-A	$31,718	-88.6%	2,894	-88.8%	0.01%	-88.6%
	New	ALCHEMY INVESTMENTS ACQUISIT	$20,660	–	2,000	–	0.01%	–
CFIV	New	CF ACQUISITION CORP IV-CL A	$20,047	–	1,874	–	0.01%	–
FSNB	New	FUSION ACQUISITION CORP II-A	$17,039	–	1,629	–	0.01%	–
AIQ	New	GLOBAL X ART INTEL & TECHetp	$9,362	–	350	–	0.00%	–
BOTZ	New	GLOBAL X ROBOTICS & ARTIFICIetp	$8,491	–	350	–	0.00%	–
	New	ROUNDHILL GEN AI & TECH ETFetp	$9,289	–	350	–	0.00%	–
	New	TMT ACQUISITION CORP-RTright	$6,242	–	20,000	–	0.00%	–
	New	CLEAN ENERGY SPECIAL SITUATI	$5,712	–	544	–	0.00%	–
	New	ESH ACQUISITION CORP - RIGHTright	$4,047	–	20,235	–	0.00%	–
	Sell	ANDRETTI ACQ CORP -A -CW23equity wrt	$1,517	+64.7%	5,058	-58.8%	0.00%	–
JFR	New	NUVEEN FLOAT RATE INC FDclosed-end fund	$1,484	–	188	–	0.00%	–
DOG	New	PROSHARES SHORT DOW30etp	$1,353	–	40	–	0.00%	–
	New	WILLIAMS ROWLAND ACQUISITION	$2,751	–	263	–	0.00%	–
	New	TRADEUP ACQUISITION CORP-CWequity wrt	$1,745	–	11,805	–	0.00%	–
	Sell	TARGET GLOBAL ACQ I -CW27equity wrt	$148	-91.3%	2,581	-85.3%	0.00%	-100.0%
GAMCW	Sell	GOLDEN ARROW MERGER A -CW26equity wrt	$143	+197.9%	1,216	-23.8%	0.00%	–
	Sell	KNIGHTSWAN ACQUISITION A -28equity wrt	$247	-52.0%	7,975	-45.8%	0.00%	–
	Sell	GARDINER HEALTHCARE -CW24equity wrt	$319	-82.6%	5,315	-79.2%	0.00%	-100.0%
NSTDWS	Sell	NORTHERN STAR INV CL A -CW27equity wrt	$16	-83.2%	786	-52.5%	0.00%	–
FSRXW	Sell	FINSERV ACQUISITION CO-CW26equity wrt	$44	-61.1%	1,451	-70.4%	0.00%	–
	New	ANZU SPECIAL ACQ -CW27equity wrt	$78	–	1,504	–	0.00%	–
	Sell	FTAC EMERALD ACQUISITI A -23equity wrt	$96	-87.0%	1,365	-88.9%	0.00%	–
	New	TLG ACQUISITION ONE A -CW28equity wrt	$645	–	16,136	–	0.00%	–
	Sell	CRIXUS BH3 ACQUISITION -CW26equity wrt	$170	-15.8%	3,786	-61.1%	0.00%	–
	Sell	OMNILIT ACQUISITION CL A -23equity wrt	$36	-53.8%	736	-50.5%	0.00%	–
OSIWS	Sell	OSIRIS ACQUISITION CORP-CW28equity wrt	$24	-96.2%	769	-84.7%	0.00%	–
	Sell	PHOENIX BIOTECH ACQ -CW26equity wrt	$80	-76.2%	1,112	-85.0%	0.00%	–
	Sell	CANNA-GLOBAL ACQUISIT -CW23equity wrt	$25	-69.1%	1,435	-58.8%	0.00%	–
	Sell	C5 ACQUISITION CORP-A -28equity wrt	$99	-84.5%	2,675	-79.0%	0.00%	–
	Sell	CF ACQUISITION VII A -CW27equity wrt	$165	-89.9%	2,706	-75.4%	0.00%	-100.0%
RWM	New	PROSHARES SHORT RUSSELL2000etp	$1,001	–	40	–	0.00%	–
	Sell	PROOF ACQUISITION CORP -CW23equity wrt	$538	-72.1%	5,474	-78.7%	0.00%	-100.0%
	Sell	BURTECH ACQUISITION -CW23equity wrt	$161	-69.0%	8,063	-69.0%	0.00%	–
	Sell	REVELSTONE CAPITAL ACQU -28equity wrt	$358	-84.3%	5,864	-77.8%	0.00%	-100.0%
	Sell	ROTH CH ACQUISITION V -CW23equity wrt	$56	-74.5%	749	-78.9%	0.00%	–
	Sell	SCHULTZE SPECIAL PURPO -CW28equity wrt	$5	-98.5%	1,212	-77.9%	0.00%	–
	Sell	SOUTHPORT ACQUISITION -CW23equity wrt	$370	-76.9%	5,884	-77.5%	0.00%	-100.0%
	Sell	TG VENTURE ACQUISITION -CW23equity wrt	$106	-85.3%	3,319	-83.9%	0.00%	–
	Sell	THUNDER BRIDGE CAPITAL-CWequity wrt	$11	-95.6%	100	-91.5%	0.00%	–
	Sell	BLACK MOUNTAIN ACQ -CW27equity wrt	$303	-35.5%	6,320	-29.6%	0.00%	–
	Sell	TRAJECTORY ALPHA ACQ A -CW27equity wrt	$75	-70.6%	405	-84.3%	0.00%	–
TWLVW	Sell	TWELVE SEAS INV II A -CW28equity wrt	$35	-80.4%	672	-78.8%	0.00%	–
	Sell	VISION SENSING ACQ -CW23equity wrt	$7	-63.2%	187	-50.0%	0.00%	–
	Sell	AULT DISRUPTIVE TECH -CW23equity wrt	$70	-86.7%	5,872	-69.8%	0.00%	–
	New	ALCHEMY INVESTMENTS ACQUI-28equity wrt	$160	–	1,000	–	0.00%	–
	Sell	AP ACQUISITION CORP-A -23equity wrt	$164	-76.8%	3,647	-71.7%	0.00%	–
	Sell	BIOPLUS ACQUISITION -CW23equity wrt	$36	-98.3%	4,035	-71.8%	0.00%	-100.0%
	Sell	ARTEMIS STRATEGIC INVES-CW23equity wrt	$76	-5.0%	1,573	-42.6%	0.00%	–
	Sell	AROGO CAPITAL ACQ -CW23equity wrt	$233	-79.3%	4,647	-81.1%	0.00%	-100.0%
	Sell	EVE MOBILITY ACQUISIT A -23equity wrt	$196	-61.2%	4,364	-66.4%	0.00%	–
	Sell	FINNOVATE ACQUISITION -CW23equity wrt	$31	-58.1%	657	-74.8%	0.00%	–
	Sell	HEALTHCARE AI ACQ -CW23equity wrt	$249	-78.1%	4,055	-68.8%	0.00%	-100.0%
	Sell	PEARL HOLDINGS ACQ -CW23equity wrt	$185	-90.9%	6,154	-76.5%	0.00%	-100.0%
	New	INFLECTION POINT ACQUIS-C-28equity wrt	$860	–	5,000	–	0.00%	–
	Sell	INVESTCORP INDIA ACQUISI -27equity wrt	$416	-38.4%	6,824	-56.5%	0.00%	–
	Sell	SWIFTMERGE ACQUISITION -CW23equity wrt	$429	-84.1%	4,291	-83.8%	0.00%	-100.0%
	Sell	OXUS ACQUISITION CORP -CW23equity wrt	$429	-53.5%	3,302	-79.4%	0.00%	–
	Sell	PEPPERLIME HEALTH ACQ -CW23equity wrt	$55	-83.0%	1,672	-70.1%	0.00%	–
	Sell	AETHERIUM ACQUISITION A -28equity wrt	$127	-67.1%	4,811	-70.1%	0.00%	–
	New	PRIVETERRA ACQ CL A -CW27equity wrt	$123	–	1,020	–	0.00%	–
	Sell	SPREE ACQUISITION 1 LTD -23equity wrt	$56	-93.8%	1,928	-92.7%	0.00%	–
	Sell	10X CAPITAL VENTURE AC -CW27equity wrt	$93	-5.1%	584	-76.2%	0.00%	–
	Sell	TRISTAR ACQ I CL A -CW28equity wrt	$86	-71.2%	1,189	-77.5%	0.00%	–
TBSAW	Exit	TB SA ACQUISITION A -CW28equity wrt	$0	–	-1,572	–	0.00%	–
TETCW	Exit	TECH AND ENERGY TRANSI -CW27equity wrt	$0	–	-1,759	–	0.00%	–
PMGMW	Exit	PRIVETERRA ACQ CL A -CW27equity wrt	$0	–	-3,226	–	0.00%	–
ANZUW	Exit	ANZU SPECIAL ACQ -CW27equity wrt	$0	–	-1,698	–	0.00%	–
	Exit	CRESCERA CAPITAL ACQ -CW23equity wrt	$0	–	-8,706	–	0.00%	–
NSL	Exit	NUVEEN SENIOR INCOME FUNDclosed-end fund	$0	–	-325	–	-0.00%	–
TLGAWS	Exit	TLG ACQUISITION ONE A -CW28equity wrt	$0	–	-34,016	–	-0.00%	–
SDAC	Exit	SUSTAINABLE DEVELOPMENT AC-A	$0	–	-314	–	-0.00%	–
	Exit	INNOVATIVE INTERNATIONAL A-A	$0	–	-200	–	-0.00%	–
TLGA	Exit	TLG ACQUISITION ONE COR-CL A	$0	–	-250	–	-0.00%	–
	Exit	TRADEUP ACQUISITION CORP-CWequity wrt	$0	–	-23,610	–	-0.00%	–
	Exit	INTELLIGENT MEDICINE ACQUISI	$0	–	-196	–	-0.00%	–
EFV	Exit	ISHARES MSCI EAFE VALUE ETFetp	$0	–	-250	–	-0.01%	–
CLBRWS	Exit	COLOMBIER ACQ CL A -CW28equity wrt	$0	–	-16,292	–	-0.01%	–
	Exit	SEAPORT GLOBAL ACQUISITION-A	$0	–	-1,200	–	-0.01%	–
FM	Exit	ISHARES FRONTIER AND SELECTetp	$0	–	-850	–	-0.01%	–
	Exit	ZALATORIS ACQUISITION CORP	$0	–	-2,551	–	-0.01%	–
	Exit	THUNDER BRIDGE CAPITAL PAR-A	$0	–	-2,914	–	-0.01%	–
IWB	Exit	ISHARES RUSSELL 1000 ETFetp	$0	–	-125	–	-0.01%	–
IWR	Exit	ISHARES RUSSELL MID-CAP ETFetp	$0	–	-475	–	-0.02%	–
	Exit	ARTEMIS STRATEGIC INVES-CL A	$0	–	-5,477	–	-0.03%	–
ARBG	Exit	AEQUI ACQUISITION CORP-CL A	$0	–	-7,703	–	-0.04%	–
	Exit	MOBIV ACQUISITION CORP-A	$0	–	-7,900	–	-0.04%	–
FSRX	Exit	FINSERV ACQUISITION CORP-A	$0	–	-8,900	–	-0.04%	–
	Exit	REVELSTONE CAPITAL ACQUISI-A	$0	–	-11,000	–	-0.05%	–
NDMO	Exit	NUVEEN DYNAMIC MUNI OPPORTclosed-end fund	$0	–	-11,266	–	-0.05%	–
	Exit	JAWS HURRICANE ACQUISITION-A	$0	–	-12,000	–	-0.06%	–
	Exit	ALPHA HEALTHCARE ACQUISITI-A	$0	–	-12,000	–	-0.06%	–
	Exit	WAVERLEY CAPITAL ACQUISITI-A	$0	–	-11,900	–	-0.06%	–
	Exit	GLOBAL BLOCKCHAIN ACQUISITIO	$0	–	-12,000	–	-0.06%	–
	Exit	CF ACQUISITION CORP VII-CL A	$0	–	-12,200	–	-0.06%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$0	–	-14,085	–	-0.06%	–
	Exit	TRADEUP ACQUISITION CORP	$0	–	-12,610	–	-0.06%	–
	Exit	CONYERS PARK III ACQUISITI-A	$0	–	-19,690	–	-0.09%	–
	Exit	MARBLEGATE ACQUISITION COR-A	$0	–	-19,459	–	-0.09%	–
	Exit	AXONPRIME INFRASTRUCTURE-A	$0	–	-22,100	–	-0.10%	–
PHD	Exit	PIONEER FLOATING RATE FUNDclosed-end fund	$0	–	-27,277	–	-0.10%	–
	Exit	DA32 LIFE SCIENCE TECH ACQ-A	$0	–	-24,555	–	-0.11%	–
	Exit	ESH ACQUISITION CORPunit	$0	–	-30,000	–	-0.14%	–
	Exit	FTAC ZEUS ACQUISITION C-CL A	$0	–	-31,404	–	-0.14%	–
	Exit	AURORA TECHNOLOGY ACQUISI-A	$0	–	-31,397	–	-0.15%	–
PSF	Exit	COHEN & STEERS SELECT PREFERclosed-end fund	$0	–	-21,498	–	-0.17%	–
PICC	Exit	PIVOTAL INVESTMENT CORPIII-A	$0	–	-39,791	–	-0.18%	–
	Exit	TMT ACQUISITION CORPunit	$0	–	-40,000	–	-0.18%	–
	Exit	PEPPERLIME HEALTH ACQ - A	$0	–	-42,226	–	-0.20%	–
VFL	Exit	DELAWARE INV NATL MUNI INC Fclosed-end fund	$0	–	-44,496	–	-0.20%	–
	Exit	FG MERGER CORP	$0	–	-43,397	–	-0.20%	–
	Exit	BELONG ACQUISITION CORP-A	$0	–	-47,000	–	-0.21%	–
PHT	Exit	PIONEER HIGH INCOME FUNDclosed-end fund	$0	–	-76,528	–	-0.23%	–
	Exit	BILANDER ACQUISITION CORP-A	$0	–	-52,434	–	-0.24%	–
	Exit	VISCOGLIOSI BROTHERS ACQUISI	$0	–	-52,000	–	-0.24%	–
	Exit	HEALTHWELL ACQUISITION COR-A	$0	–	-56,078	–	-0.26%	–
MNP	Exit	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$0	–	-54,226	–	-0.28%	–
	Exit	BLUE WHALE ACQUISITION COR-A	$0	–	-67,064	–	-0.30%	–
CLBR	Exit	COLOMBIER ACQUISITION CORP-A	$0	–	-66,734	–	-0.30%	–
PNI	Exit	PIMCO NY MUNI INC II FNDclosed-end fund	$0	–	-97,843	–	-0.33%	–
PMX	Exit	PIMCO MUNI INCOME FUND IIIclosed-end fund	$0	–	-174,462	–	-0.63%	–
NBH	Exit	NEUBERGER BERMAN MUNICIPALclosed-end fund	$0	–	-264,066	–	-1.21%	–
PCK	Exit	PIMCO CALIFORNIA MUNICIPA IIclosed-end fund	$0	–	-480,226	–	-1.28%	–

Q2 2023

			Value		Shares		↓ Weighting
NVG	New	NUVEEN AMT-FR MUNI CREDIT FDclosed-end fund	$10,236,864	–	870,415	–	4.54%	–
NAD	New	NUVEEN QUAL MUNI INCOME FDclosed-end fund	$8,954,666	–	797,033	–	3.97%	–
NEA	New	NUVEEN AMT-FR QLTY MUNI INCclosed-end fund	$7,833,829	–	715,745	–	3.48%	–
MMU	New	WESTERN ASSET MANAGED MUNICIclosed-end fund	$7,338,179	–	737,135	–	3.26%	–
BFK	New	BLACKROCK MUNICIPAL INC TRSTclosed-end fund	$7,285,865	–	729,681	–	3.23%	–
BLE	New	BLACKROCK MUN INC TRUST IIclosed-end fund	$6,615,058	–	636,982	–	2.94%	–
MVF	New	BLACKROCK MUNIVEST FUNDclosed-end fund	$6,541,571	–	966,887	–	2.90%	–
MQY	New	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$6,495,054	–	557,501	–	2.88%	–
EVN	New	EATON VANCE MUNI INC TRclosed-end fund	$5,621,688	–	561,725	–	2.49%	–
MAV	New	PIONEER MUNICIPAL HIGH INCclosed-end fund	$4,706,168	–	592,485	–	2.09%	–
NZF	New	NUVEEN MUNICIPAL CREDIT INCclosed-end fund	$4,690,716	–	400,553	–	2.08%	–
MQT	New	BLACKROCK MUNIYIELD QUAL IIclosed-end fund	$4,593,183	–	456,062	–	2.04%	–
MUA	New	BLACKROCK MUNIASSETS FUNDclosed-end fund	$4,310,586	–	419,726	–	1.91%	–
MVT	New	BLACKROCK MUNIVEST FUND IIclosed-end fund	$4,309,912	–	405,448	–	1.91%	–
DSM	New	BNYM STRAT MUNI BNDclosed-end fund	$4,075,805	–	711,931	–	1.81%	–
LEO	New	BNY MELLON STRATEGIC MUNIclosed-end fund	$4,062,342	–	646,880	–	1.80%	–
MHD	New	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$4,024,329	–	344,844	–	1.79%	–
MIY	New	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$3,818,770	–	344,356	–	1.69%	–
VMO	New	INVESCO MUNICIPAL OPPORTclosed-end fund	$3,707,465	–	390,280	–	1.64%	–
KTF	New	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$3,564,889	–	413,081	–	1.58%	–
VKI	New	INVESCO ADV MUNI INC TR IIclosed-end fund	$3,455,788	–	408,969	–	1.53%	–
DMF	New	BNYM MUNICIPAL INCOMEclosed-end fund	$3,449,894	–	545,688	–	1.53%	–
BKN	New	BLACKROCK INVEST QLTY MUNIclosed-end fund	$3,326,231	–	285,636	–	1.48%	–
MHI	New	PIONEER MUNI HIGH INC TRclosed-end fund	$3,324,425	–	387,688	–	1.48%	–
MUC	New	BLACKROCK MUNIHOLDINGS CA QUclosed-end fund	$3,108,227	–	285,814	–	1.38%	–
MUI	New	BLACKROCK MUNICIPAL INCOMEclosed-end fund	$3,079,472	–	269,656	–	1.37%	–
PCK	New	PIMCO CALIFORNIA MUNICIPA IIclosed-end fund	$2,881,356	–	480,226	–	1.28%	–
MYD	New	BLACKROCK MUNIYIELD FUNDclosed-end fund	$2,876,799	–	274,242	–	1.28%	–
DMB	New	BNYM MUNI BND INFRAclosed-end fund	$2,801,459	–	258,199	–	1.24%	–
NBH	New	NEUBERGER BERMAN MUNICIPALclosed-end fund	$2,717,239	–	264,066	–	1.21%	–
EIM	New	EATON VANCE MUNICIPAL BONDclosed-end fund	$2,668,737	–	266,474	–	1.18%	–
BYM	New	BLACKROCK MUNICIPAL INCOME Qclosed-end fund	$2,570,548	–	227,285	–	1.14%	–
MUE	New	BLACKROCK MUNIHOLDINGS QU IIclosed-end fund	$2,557,685	–	262,596	–	1.14%	–
VGM	New	INVESCO TRUST FOR INVESTMENclosed-end fund	$2,160,416	–	222,265	–	0.96%	–
PCQ	New	PIMCO CALIFORNIA MUNI INC FDclosed-end fund	$2,153,606	–	219,085	–	0.96%	–
FMN	New	FEDERATED HERMES PREMIER MUNclosed-end fund	$2,079,131	–	195,775	–	0.92%	–
KSM	New	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$2,020,087	–	238,499	–	0.90%	–
VTN	New	INVESCO TR FOR INVEST GRD NYclosed-end fund	$2,008,884	–	195,607	–	0.89%	–
	New	PIONEER MUNI HIGH INC OPPclosed-end fund	$1,894,768	–	175,767	–	0.84%	–
VKQ	New	INVESCO MUNICIPAL TRUSTclosed-end fund	$1,889,968	–	198,944	–	0.84%	–
MHF	New	WESTERN ASSET MUNICIPAL HIGHclosed-end fund	$1,664,437	–	254,501	–	0.74%	–
NRK	New	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$1,644,549	–	158,705	–	0.73%	–
MYI	New	BLACKROCK MUNIYIELD QLTY IIIclosed-end fund	$1,508,799	–	137,727	–	0.67%	–
IIM	New	INVESCO VALUE MUNICIPAL INCOclosed-end fund	$1,439,392	–	121,059	–	0.64%	–
PMX	New	PIMCO MUNI INCOME FUND IIIclosed-end fund	$1,409,653	–	174,462	–	0.63%	–
EVM	New	EATON VANCE CAL MUNI BONDclosed-end fund	$1,267,619	–	141,635	–	0.56%	–
CPTK	New	CROWN PROPTECH ACQUISITION-A	$1,066,989	–	104,300	–	0.47%	–
IQI	New	INVESCO QUALITY MUNI INC TRclosed-end fund	$1,029,168	–	107,205	–	0.46%	–
MYN	New	BLACKROCK MUNIYIELD NY QUALIclosed-end fund	$980,103	–	96,372	–	0.44%	–
	New	EVE MOBILITY ACQUISITION C-A	$973,491	–	92,143	–	0.43%	–
MBAC	New	M3-BRIGADE ACQUISITION II-A	$944,640	–	92,250	–	0.42%	–
NQP	New	NUVEEN PA QUAL MUNI INCclosed-end fund	$877,954	–	77,421	–	0.39%	–
ANZU	New	ANZU SPECIAL ACQUISITION -A	$874,505	–	85,400	–	0.39%	–
	New	BURTECH ACQUISITION CORP-A	$856,482	–	81,960	–	0.38%	–
	New	GORES HOLDING IX INC-CL A	$843,063	–	82,250	–	0.37%	–
CCV	New	CHURCHILL CAPITAL CORP V-A	$833,940	–	82,000	–	0.37%	–
MUJ	New	BLACKROCK MUNIHOLDINGS NJ QUclosed-end fund	$814,572	–	72,600	–	0.36%	–
	New	FTAC EMERALD ACQUISITION -A	$793,679	–	76,684	–	0.35%	–
MHN	New	BLACKROCK MUNIHOLDINGS NY QUclosed-end fund	$748,926	–	71,599	–	0.33%	–
	New	JUNIPER II CORP -CLASS A	$748,174	–	72,000	–	0.33%	–
PNI	New	PIMCO NY MUNI INC II FNDclosed-end fund	$740,672	–	97,843	–	0.33%	–
BTWN	New	BRIDGETOWN HOLDINGS LTD-CL A	$735,775	–	71,713	–	0.33%	–
	New	JUPITER ACQUISITION CORP-A	$713,892	–	69,648	–	0.32%	–
	New	ACROPOLIS INFRASTRUCTURE - A	$704,423	–	69,333	–	0.31%	–
PRSR	New	PROSPECTOR CAPITAL CORP-CL A	$685,647	–	65,675	–	0.30%	–
CLBR	New	COLOMBIER ACQUISITION CORP-A	$685,025	–	66,734	–	0.30%	–
	New	BLUE WHALE ACQUISITION COR-A	$681,370	–	67,064	–	0.30%	–
SBI	New	WESTERN ASSET INTERMEDIATEclosed-end fund	$673,260	–	87,550	–	0.30%	–
TBCP	New	THUNDER BRIDGE CAPITAL PAR-A	$666,045	–	65,107	–	0.30%	–
	New	ATLANTIC COAST ACQUISITION-A	$647,801	–	62,169	–	0.29%	–
BOAC	New	BLUESCAPE OPPORTUNITIES AC-A	$646,400	–	64,640	–	0.29%	–
	New	BANYAN ACQUISITION CORP-A	$647,400	–	62,250	–	0.29%	–
	New	EXCELFIN ACQUISITION CORP-A	$647,400	–	62,250	–	0.29%	–
	New	TRAILBLAZER MERGER CORP I	$635,887	–	62,403	–	0.28%	–
MNP	New	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$636,613	–	54,226	–	0.28%	–
NSTD	New	NORTHERN STAR INVESTMENT -A	$632,657	–	61,304	–	0.28%	–
	New	CONCORD ACQUISITION CORP -A	$629,127	–	60,493	–	0.28%	–
	New	SILVERBOX CORP III-A	$626,200	–	62,000	–	0.28%	–
ALCC	New	ALTC ACQUISITION CORP-CL A	$591,660	–	57,000	–	0.26%	–
	New	SCREAMING EAGLE ACQ -CLASS A	$590,184	–	57,133	–	0.26%	–
	New	HEALTHWELL ACQUISITION COR-A	$576,482	–	56,078	–	0.26%	–
FRXB	New	FOREST ROAD ACQUISITION CO-A	$577,065	–	56,299	–	0.26%	–
NSTB	New	NORTHERN STAR INVESTMENT C-A	$552,540	–	54,277	–	0.24%	–
	New	VISCOGLIOSI BROTHERS ACQUISI	$547,477	–	52,000	–	0.24%	–
WDI	New	WESTERN ASSET DIVERS INCclosed-end fund	$542,439	–	40,150	–	0.24%	–
ACAH	New	ATLANTIC COASTAL ACQUISITI-A	$531,480	–	51,600	–	0.24%	–
	New	BILANDER ACQUISITION CORP-A	$532,729	–	52,434	–	0.24%	–
	New	ROTH CH ACQUISITION V CO	$521,829	–	50,663	–	0.23%	–
PHT	New	PIONEER HIGH INCOME FUNDclosed-end fund	$515,875	–	76,528	–	0.23%	–
	New	BERENSON ACQUISITION CO-CL A	$508,231	–	49,487	–	0.23%	–
	New	BELONG ACQUISITION CORP-A	$480,340	–	47,000	–	0.21%	–
NXJ	New	NUVEEN NJ QUAL MUNI INC FDclosed-end fund	$477,861	–	41,517	–	0.21%	–
SPE	New	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$476,303	–	42,338	–	0.21%	–
KIO	New	KKR INCOME OPPORTUNITIESclosed-end fund	$468,111	–	40,233	–	0.21%	–
DHY	New	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$469,527	–	248,427	–	0.21%	–
	New	FG MERGER CORP	$459,574	–	43,397	–	0.20%	–
	New	SABA CAPITAL INCOME & OPPORTclosed-end fund	$458,205	–	59,353	–	0.20%	–
RMGC	New	RMG ACQUISITION CORP III -A	$454,020	–	40,250	–	0.20%	–
NCV	New	VIRTUS CONVERTIBLE & INCOMEclosed-end fund	$446,692	–	129,098	–	0.20%	–
VFL	New	DELAWARE INV NATL MUNI INC Fclosed-end fund	$445,850	–	44,496	–	0.20%	–
	New	PEPPERLIME HEALTH ACQ - A	$441,262	–	42,226	–	0.20%	–
BGB	New	BLACKSTONE STRATEGIC CREDITclosed-end fund	$436,355	–	39,759	–	0.19%	–
	New	KNIGHTSWAN ACQUISITION COR-A	$427,387	–	40,434	–	0.19%	–
BGX	New	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$426,807	–	37,505	–	0.19%	–
	New	INCEPTION GROWTH ACQUISITION	$416,990	–	40,250	–	0.18%	–
	New	TMT ACQUISITION CORPunit	$414,600	–	40,000	–	0.18%	–
	New	FS CREDIT OPPORTUNITIES CORPclosed-end fund	$404,863	–	83,477	–	0.18%	–
LCA	New	LANDCADIA HOLDINGS IV INC-A	$405,600	–	40,000	–	0.18%	–
VT	New	VANGUARD TOT WORLD STK ETFetp	$403,007	–	4,150	–	0.18%	–
	New	HENNESSY CAPITAL INVEST-CL A	$403,444	–	39,322	–	0.18%	–
PICC	New	PIVOTAL INVESTMENT CORPIII-A	$399,502	–	39,791	–	0.18%	–
PSF	New	COHEN & STEERS SELECT PREFERclosed-end fund	$392,124	–	21,498	–	0.17%	–
SDHY	New	PGIM SHRT DURAT HI YLDclosed-end fund	$345,695	–	23,201	–	0.15%	–
	New	INVESTCORP INDIA ACQUISITI-A	$335,948	–	31,397	–	0.15%	–
	New	AURORA TECHNOLOGY ACQUISI-A	$333,436	–	31,397	–	0.15%	–
	New	FTAC ZEUS ACQUISITION C-CL A	$327,387	–	31,404	–	0.14%	–
	New	TRISTAR ACQUISITION I CORP-A	$323,547	–	30,814	–	0.14%	–
ERH	New	ALLSPRING UTILITIES AND HIGHclosed-end fund	$322,883	–	31,937	–	0.14%	–
	New	SOUTHPORT ACQUISITION CORP	$305,452	–	29,063	–	0.14%	–
	New	ESH ACQUISITION CORPunit	$304,200	–	30,000	–	0.14%	–
VAQC	New	VECTOR ACQUISITION CORP II-A	$286,305	–	27,905	–	0.13%	–
	New	ALTENERGY ACQUISITION CORP-A	$283,704	–	27,411	–	0.13%	–
	New	AP ACQUISITION CORP-A	$277,748	–	25,813	–	0.12%	–
	New	PEARL HOLDINGS ACQUISITION-A	$274,121	–	25,983	–	0.12%	–
	New	ROBINSON TAX ADVANT INC-INSTfund of funds	$263,685	–	31,884	–	0.12%	–
	New	ANDRETTI ACQUISITION CORP-A	$260,989	–	24,529	–	0.12%	–
	New	DA32 LIFE SCIENCE TECH ACQ-A	$251,934	–	24,555	–	0.11%	–
	New	OMNILIT ACQUISITION CORP-A	$251,164	–	24,104	–	0.11%	–
PHD	New	PIONEER FLOATING RATE FUNDclosed-end fund	$236,764	–	27,277	–	0.10%	–
	New	CRIXUS BH3 ACQUISITION CO-A	$229,588	–	22,161	–	0.10%	–
	New	AXONPRIME INFRASTRUCTURE-A	$227,188	–	22,100	–	0.10%	–
	New	FLAHERTY & CRUMRINE DYNAMICclosed-end fund	$218,125	–	12,500	–	0.10%	–
	New	CHAIN BRIDGE I-A	$211,177	–	20,093	–	0.09%	–
JWSM	New	JAWS MUSTANG ACQUISITION C-A	$210,002	–	19,693	–	0.09%	–
GPAC	New	GLOBAL PARTNER ACQUISITION-A	$207,662	–	19,600	–	0.09%	–
	New	INFLECTION POINT ACQUISITIONunit	$202,400	–	20,000	–	0.09%	–
	New	MARBLEGATE ACQUISITION COR-A	$202,763	–	19,459	–	0.09%	–
	New	CONYERS PARK III ACQUISITI-A	$201,035	–	19,690	–	0.09%	–
	New	CLOVER LEAF CAPITAL CORP -A	$178,666	–	15,604	–	0.08%	–
DHCA	New	DHC ACQUISITION CORP-A	$169,496	–	16,512	–	0.08%	–
	New	ALCHEMY INVESTMENTS ACQUISITunit	$142,940	–	14,000	–	0.06%	–
	New	TRADEUP ACQUISITION CORP	$136,692	–	12,610	–	0.06%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$133,526	–	14,085	–	0.06%	–
	New	CF ACQUISITION CORP VII-CL A	$131,028	–	12,200	–	0.06%	–
	New	GLOBAL BLOCKCHAIN ACQUISITIO	$125,280	–	12,000	–	0.06%	–
	New	ALPHA HEALTHCARE ACQUISITI-A	$123,600	–	12,000	–	0.06%	–
	New	CONCORD ACQUISITION CORP -A	$123,120	–	12,000	–	0.06%	–
	New	WAVERLEY CAPITAL ACQUISITI-A	$123,403	–	11,900	–	0.06%	–
	New	JAWS HURRICANE ACQUISITION-A	$122,880	–	12,000	–	0.06%	–
	New	LIVE OAK CRESTVIEW CLIMATE-A	$118,136	–	11,503	–	0.05%	–
NDMO	New	NUVEEN DYNAMIC MUNI OPPORTclosed-end fund	$115,589	–	11,266	–	0.05%	–
	New	REVELSTONE CAPITAL ACQUISI-A	$113,740	–	11,000	–	0.05%	–
	New	DMY SQUARED TECHNOLOGY GR-A	$105,791	–	10,300	–	0.05%	–
OSI	New	OSIRIS ACQUISITION CORP-A	$92,127	–	8,610	–	0.04%	–
FSRX	New	FINSERV ACQUISITION CORP-A	$91,225	–	8,900	–	0.04%	–
	New	MOBIV ACQUISITION CORP-A	$83,543	–	7,900	–	0.04%	–
ARBG	New	AEQUI ACQUISITION CORP-CL A	$78,879	–	7,703	–	0.04%	–
	New	ACCRETION ACQUISITION CORP	$75,784	–	7,301	–	0.03%	–
	New	ARTEMIS STRATEGIC INVES-CL A	$59,809	–	5,477	–	0.03%	–
VWO	New	VANGUARD FTSE EMERGING MARKEetp	$54,597	–	1,325	–	0.02%	–
	New	10X CAPITAL VENTURE ACQUIS-A	$53,479	–	5,103	–	0.02%	–
VB	New	VANGUARD SMALL-CAP ETFetp	$49,866	–	250	–	0.02%	–
VSS	New	VANGUARD FTSE ALL WO X-US SCetp	$44,388	–	400	–	0.02%	–
	New	LAMF GLOBAL VENTURES CORP I	$41,320	–	3,939	–	0.02%	–
IWR	New	ISHARES RUSSELL MID-CAP ETFetp	$34,670	–	475	–	0.02%	–
	New	POWERUP ACQUISITION COR-CL A	$33,709	–	3,235	–	0.02%	–
IWB	New	ISHARES RUSSELL 1000 ETFetp	$30,464	–	125	–	0.01%	–
	New	THUNDER BRIDGE CAPITAL PAR-A	$29,490	–	2,914	–	0.01%	–
	New	ZALATORIS ACQUISITION CORP	$26,403	–	2,551	–	0.01%	–
	New	FUTURE HEALTH ESG CORP	$24,343	–	2,368	–	0.01%	–
FM	New	ISHARES FRONTIER AND SELECTetp	$22,070	–	850	–	0.01%	–
	New	FOUR LEAF ACQUISITION COR-A	$20,640	–	2,000	–	0.01%	–
	New	SWIFTMERGE ACQUISITION COR-A	$16,197	–	1,568	–	0.01%	–
NML	New	NEUBERGER BERMAN ENERGY INFRclosed-end fund	$16,632	–	2,400	–	0.01%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTclosed-end fund	$15,556	–	530	–	0.01%	–
CLBRWS	New	COLOMBIER ACQ CL A -CW28equity wrt	$12,504	–	16,292	–	0.01%	–
VTV	New	VANGUARD VALUE ETFetp	$14,190	–	100	–	0.01%	–
	New	SEAPORT GLOBAL ACQUISITION-A	$12,492	–	1,200	–	0.01%	–
	New	SEMPER PARATUS ACQUISITION-A	$10,712	–	1,003	–	0.01%	–
EFV	New	ISHARES MSCI EAFE VALUE ETFetp	$12,278	–	250	–	0.01%	–
AVDV	New	AVANTIS INTL S/C VALUE ETFetp	$5,778	–	100	–	0.00%	–
VTWV	New	VANGUARD RUSSELL 2000 VALUEetp	$6,235	–	50	–	0.00%	–
	New	GRAYSCALE BITCOIN TRUST BTCopen-end fund	$4,876	–	250	–	0.00%	–
ASA	New	ASA GOLD AND PRECIOUS METALSclosed-end fund	$5,377	–	350	–	0.00%	–
NSL	New	NUVEEN SENIOR INCOME FUNDclosed-end fund	$1,491	–	325	–	0.00%	–
	New	OPY ACQUISITION CORP I - A	$3,072	–	300	–	0.00%	–
	New	INTELLIGENT MEDICINE ACQUISI	$2,025	–	196	–	0.00%	–
	New	GRAYSCALE LITECOIN TRUSTopen-end fund	$1,536	–	250	–	0.00%	–
	New	GRAYSCALE ETHEREUM TRUSTopen-end fund	$2,034	–	200	–	0.00%	–
	New	PROOF ACQUISITION CORP -CW23equity wrt	$1,925	–	25,755	–	0.00%	–
	New	REVELSTONE CAPITAL ACQU -28equity wrt	$2,274	–	26,407	–	0.00%	–
	New	SOUTHPORT ACQUISITION -CW23equity wrt	$1,603	–	26,199	–	0.00%	–
SDAC	New	SUSTAINABLE DEVELOPMENT AC-A	$3,240	–	314	–	0.00%	–
TLGA	New	TLG ACQUISITION ONE COR-CL A	$2,644	–	250	–	0.00%	–
TLGAWS	New	TLG ACQUISITION ONE A -CW28equity wrt	$1,383	–	34,016	–	0.00%	–
	New	GARDINER HEALTHCARE -CW24equity wrt	$1,837	–	25,510	–	0.00%	–
	New	TRADEUP ACQUISITION CORP-CWequity wrt	$1,682	–	23,610	–	0.00%	–
	New	BIOPLUS ACQUISITION -CW23equity wrt	$2,109	–	14,311	–	0.00%	–
	New	CF ACQUISITION VII A -CW27equity wrt	$1,638	–	11,017	–	0.00%	–
DISA	New	DISRUPTIVE ACQUISITION COR-A	$2,563	–	250	–	0.00%	–
	New	HEALTHCARE AI ACQ -CW23equity wrt	$1,136	–	12,983	–	0.00%	–
	New	PEARL HOLDINGS ACQ -CW23equity wrt	$2,044	–	26,233	–	0.00%	–
	New	INNOVATIVE INTERNATIONAL A-A	$2,180	–	200	–	0.00%	–
	New	SWIFTMERGE ACQUISITION -CW23equity wrt	$2,703	–	26,407	–	0.00%	–
	New	AROGO CAPITAL ACQ -CW23equity wrt	$1,128	–	24,529	–	0.00%	–
AFT	New	APOLLO SENIOR FLOATING RATEclosed-end fund	$1,615	–	125	–	0.00%	–
	New	TARGET GLOBAL ACQ I -CW27equity wrt	$1,705	–	17,545	–	0.00%	–
TETCW	New	TECH AND ENERGY TRANSI -CW27equity wrt	$3	–	1,759	–	0.00%	–
	New	TG VENTURE ACQUISITION -CW23equity wrt	$722	–	20,570	–	0.00%	–
	New	OMNILIT ACQUISITION CL A -23equity wrt	$78	–	1,486	–	0.00%	–
CVIIWS	New	CHURCHILL CAPITAL VII -CW28equity wrt	$483	–	3,450	–	0.00%	–
	New	CANNA-GLOBAL ACQUISIT -CW23equity wrt	$81	–	3,485	–	0.00%	–
	New	C5 ACQUISITION CORP-A -28equity wrt	$638	–	12,755	–	0.00%	–
	New	SPREE ACQUISITION 1 LTD -23equity wrt	$901	–	26,233	–	0.00%	–
	New	INTERPRIVATE II ACQU -CW28equity wrt	$129	–	5,502	–	0.00%	–
	New	CRESCERA CAPITAL ACQ -CW23equity wrt	$422	–	8,706	–	0.00%	–
	New	BURTECH ACQUISITION -CW23equity wrt	$520	–	25,983	–	0.00%	–
	New	ANDRETTI ACQ CORP -A -CW23equity wrt	$921	–	12,265	–	0.00%	–
	New	GIGCAPITAL5 INC -CW28equity wrt	$76	–	5,000	–	0.00%	–
DHCAW	New	DHC ACQUISITION CORP A -CW27equity wrt	$4	–	83	–	0.00%	–
TBSAW	New	TB SA ACQUISITION A -CW28equity wrt	$0	–	1,572	–	0.00%	–
DISAW	New	DISRUPTIVE ACQ CL A -CW26equity wrt	$11	–	116	–	0.00%	–
	New	SCHULTZE SPECIAL PURPO -CW28equity wrt	$342	–	5,494	–	0.00%	–
	New	BLACK MOUNTAIN ACQ -CW27equity wrt	$470	–	8,972	–	0.00%	–
	New	EVE MOBILITY ACQUISIT A -23equity wrt	$505	–	12,983	–	0.00%	–
GAMCW	New	GOLDEN ARROW MERGER A -CW26equity wrt	$48	–	1,596	–	0.00%	–
GPACW	New	GLOBAL PARTNER ACQ A -CW27equity wrt	$146	–	4,159	–	0.00%	–
	New	FINNOVATE ACQUISITION -CW23equity wrt	$74	–	2,604	–	0.00%	–
NSTDWS	New	NORTHERN STAR INV CL A -CW27equity wrt	$95	–	1,655	–	0.00%	–
	New	AULT DISRUPTIVE TECH -CW23equity wrt	$525	–	19,461	–	0.00%	–
	New	OPY ACQUISITION IA -CW23equity wrt	$23	–	150	–	0.00%	–
	New	ROTH CH ACQUISITION V -CW23equity wrt	$220	–	3,551	–	0.00%	–
	New	10X CAPITAL VENTURE AC -CW27equity wrt	$98	–	2,453	–	0.00%	–
	New	INNOVATIVE INTERNATIONAL ACQequity wrt	$6	–	100	–	0.00%	–
	New	ARTEMIS STRATEGIC INVES-CW23equity wrt	$80	–	2,739	–	0.00%	–
	New	INVESTCORP INDIA ACQUISI -27equity wrt	$675	–	15,699	–	0.00%	–
PMGMW	New	PRIVETERRA ACQ CL A -CW27equity wrt	$221	–	3,226	–	0.00%	–
	New	INDUSTRIAL TECH ACQ A -CW28equity wrt	$150	–	2,500	–	0.00%	–
	New	KNIGHTSWAN ACQUISITION A -28equity wrt	$515	–	14,717	–	0.00%	–
NSTCWS	New	NORTHERN STAR INV CL A -CW27equity wrt	$44	–	3,703	–	0.00%	–
NRACW	New	NOBLE ROCK ACQ CL A -CW27equity wrt	$4	–	83	–	0.00%	–
	New	OXUS ACQUISITION CORP -CW23equity wrt	$923	–	16,000	–	0.00%	–
	New	AETHERIUM ACQUISITION A -28equity wrt	$386	–	16,091	–	0.00%	–
	New	PEPPERLIME HEALTH ACQ -CW23equity wrt	$324	–	5,586	–	0.00%	–
	New	PHOENIX BIOTECH ACQ -CW26equity wrt	$336	–	7,416	–	0.00%	–
	New	TRISTAR ACQ I CL A -CW28equity wrt	$299	–	5,278	–	0.00%	–
ANZUW	New	ANZU SPECIAL ACQ -CW27equity wrt	$85	–	1,698	–	0.00%	–
OSIWS	New	OSIRIS ACQUISITION CORP-CW28equity wrt	$635	–	5,015	–	0.00%	–
FSRXW	New	FINSERV ACQUISITION CO-CW26equity wrt	$113	–	4,906	–	0.00%	–
HIO	New	WESTERN ASSET HI INC OPPORTclosed-end fund	$1,042	–	275	–	0.00%	–
	New	FTAC EMERALD ACQUISITI A -23equity wrt	$736	–	12,265	–	0.00%	–
	New	VISION SENSING ACQ -CW23equity wrt	$19	–	374	–	0.00%	–
	New	CRIXUS BH3 ACQUISITION -CW26equity wrt	$202	–	9,730	–	0.00%	–
FSNBWS	New	FUSION ACQ II CL A -CW27equity wrt	$17	–	3,493	–	0.00%	–
TWLVW	New	TWELVE SEAS INV II A -CW28equity wrt	$179	–	3,174	–	0.00%	–
	New	TRAJECTORY ALPHA ACQ A -CW27equity wrt	$255	–	2,576	–	0.00%	–
	New	THUNDER BRIDGE CAPITAL-CWequity wrt	$251	–	1,177	–	0.00%	–
	New	AP ACQUISITION CORP-A -23equity wrt	$707	–	12,906	–	0.00%	–

Q4 2022

			Value		Shares		↓ Weighting
GPACW	Exit	GLOBAL PARTNER ACQ A -CW27equity wrt	$0	–	-841	–	0.00%	–
NSTDWS	Exit	NORTHERN STAR INV CL A -CW27equity wrt	$0	–	-1,686	–	0.00%	–
OEPWW	Exit	ONE EQUITY PARTNERS A -CW27equity wrt	$0	–	-1,596	–	0.00%	–
FSRXW	Exit	FINSERV ACQUISITION CO-CW26equity wrt	$0	–	-5,000	–	0.00%	–
	Exit	SCHULTZE SPECIAL PURPO -CW28equity wrt	$0	–	-2,672	–	0.00%	–
	Exit	ROTH CH ACQUISITION V -CW23equity wrt	$0	–	-1,792	–	0.00%	–
HIIIW	Exit	HUDSON EXECUTIVE INV A -CW28equity wrt	$0	–	-522	–	0.00%	–
CLRMW	Exit	CLARIM ACQ CL A -CW27equity wrt	$0	–	-1,581	–	0.00%	–
AFAQW	Exit	AF ACQUISITION CORP -CW28equity wrt	$0	–	-1,779	–	0.00%	–
ANZUW	Exit	ANZU SPECIAL ACQ -CW27equity wrt	$0	–	-1,730	–	0.00%	–
	Exit	FINNOVATE ACQUISITION -CW23equity wrt	$0	–	-2,654	–	0.00%	–
FTEVWS	Exit	FINTECH EVOLUTION ACQ -CW28equity wrt	$0	–	-1,736	–	0.00%	–
RXRAW	Exit	RXR ACQUISITION CL A -CW26equity wrt	$0	–	-1,021	–	0.00%	–
	Exit	CANNA-GLOBAL ACQUISIT -CW23equity wrt	$0	–	-3,552	–	0.00%	–
	Exit	OMNILIT ACQUISITION CL A -23equity wrt	$0	–	-750	–	0.00%	–
TWLVW	Exit	TWELVE SEAS INV II A -CW28equity wrt	$0	–	-1,601	–	0.00%	–
PSAGW	Exit	PROPERTY SOLUTIONS A -CW26equity wrt	$0	–	-1,218	–	0.00%	–
BGSXWS	Exit	BUILD ACQUIS CORP -A -CW26equity wrt	$0	–	-1,773	–	0.00%	–
	Exit	TRAJECTORY ALPHA ACQ A -CW27equity wrt	$0	–	-1,300	–	0.00%	–
	Exit	TRISTAR ACQ I CL A -CW28equity wrt	$0	–	-2,664	–	0.00%	–
OHPAW	Exit	ORION ACQUISITION CL A -CW26equity wrt	$0	–	-1,229	–	0.00%	–
TLGAWS	Exit	TLG ACQUISITION ONE A -CW28equity wrt	$0	–	-1,630	–	0.00%	–
	Exit	PEPPERLIME HEALTH ACQ -CW23equity wrt	$0	–	-2,668	–	0.00%	–
PMGMW	Exit	PRIVETERRA ACQ CL A -CW27equity wrt	$0	–	-1,627	–	0.00%	–
	Exit	PHOENIX BIOTECH ACQ -CW26equity wrt	$0	–	-3,743	–	0.00%	–
TBSAW	Exit	TB SA ACQUISITION A -CW28equity wrt	$0	–	-1,572	–	0.00%	–
FSNBWS	Exit	FUSION ACQ II CL A -CW27equity wrt	$0	–	-1,777	–	0.00%	–
ROSSWS	Exit	ROSS ACQUISITION CORP -CW26equity wrt	$0	–	-1,342	–	0.00%	–
TETCW	Exit	TECH AND ENERGY TRANSI -CW27equity wrt	$0	–	-1,759	–	0.00%	–
OSIWS	Exit	OSIRIS ACQUISITION CORP-CW28equity wrt	$0	–	-2,531	–	0.00%	–
	Exit	ARBOR RAPHA CAPITAL -CW28equity wrt	$0	–	-6,782	–	0.00%	–
	Exit	10X CAPITAL VENTURE AC -CW27equity wrt	$0	–	-2,500	–	0.00%	–
	Exit	BLACK MOUNTAIN ACQ -CW27equity wrt	$0	–	-3,920	–	0.00%	–
BOASWS	Exit	BOA ACQUISITION CL A -CW28equity wrt	$0	–	-1,348	–	0.00%	–
	Exit	GAMES & ESPORTS EXPERIEN -23equity wrt	$0	–	-11,894	–	0.00%	–
IPVAWS	Exit	INTERPRIVATE II ACQU -CW28equity wrt	$0	–	-963	–	0.00%	–
DHBCW	Exit	DHB CAPITAL CORP-CL A -CW28equity wrt	$0	–	-1,341	–	0.00%	–
	Exit	ARTEMIS STRATEGIC INVES-CW23equity wrt	$0	–	-2,638	–	0.00%	–
GAMCW	Exit	GOLDEN ARROW MERGER A -CW26equity wrt	$0	–	-1,625	–	0.00%	–
ZWRKW	Exit	Z-WORK ACQ CL A -CW26equity wrt	$0	–	-1,776	–	0.00%	–
	Exit	THUNDER BRIDGE CAPITAL-CWequity wrt	$0	–	-594	–	0.00%	–
	Exit	LEGATO MERGER CORP II -CW23equity wrt	$0	–	-1,782	–	-0.00%	–
	Exit	BULLPEN PARLAY ACQUISITI -26equity wrt	$0	–	-10,082	–	-0.00%	–
	Exit	SWIFTMERGE ACQUISITION -CW23equity wrt	$0	–	-13,329	–	-0.00%	–
	Exit	AETHERIUM ACQUISITION A -28equity wrt	$0	–	-16,400	–	-0.00%	–
	Exit	JACKSON ACQUISITION A -CW28equity wrt	$0	–	-13,276	–	-0.00%	–
	Exit	CRESCERA CAPITAL ACQ -CW23equity wrt	$0	–	-8,873	–	-0.00%	–
	Exit	CRIXUS BH3 ACQUISITION -CW26equity wrt	$0	–	-9,917	–	-0.00%	–
	Exit	CF ACQUISITION VII A -CW27equity wrt	$0	–	-11,228	–	-0.00%	–
	Exit	AP ACQUISITION CORP-A -23equity wrt	$0	–	-13,154	–	-0.00%	–
	Exit	OXUS ACQUISITION CORP -CW23equity wrt	$0	–	-8,000	–	-0.00%	–
	Exit	EVE MOBILITY ACQUISIT A -23equity wrt	$0	–	-13,232	–	-0.00%	–
	Exit	KNIGHTSWAN ACQUISITION A -28equity wrt	$0	–	-15,000	–	-0.00%	–
	Exit	BURTECH ACQUISITION -CW23equity wrt	$0	–	-26,482	–	-0.00%	–
	Exit	TG VENTURE ACQUISITION -CW23equity wrt	$0	–	-10,080	–	-0.00%	–
	Exit	TARGET GLOBAL ACQ I -CW27equity wrt	$0	–	-8,856	–	-0.00%	–
	Exit	PEARL HOLDINGS ACQ -CW23equity wrt	$0	–	-13,241	–	-0.00%	–
	Exit	C5 ACQUISITION CORP-A -28equity wrt	$0	–	-13,000	–	-0.00%	–
	Exit	AULT DISRUPTIVE TECH -CW23equity wrt	$0	–	-19,835	–	-0.00%	–
	Exit	PROOF ACQUISITION CORP -CW23equity wrt	$0	–	-13,000	–	-0.00%	–
	Exit	BIOPLUS ACQUISITION -CW23equity wrt	$0	–	-14,586	–	-0.00%	–
NSL	Exit	NUVEEN SENIOR INCOME FUNDclosed-end fund	$0	–	-250	–	-0.00%	–
ARDC	Exit	ARES DYNAMIC CREDIT ALLOCATIclosed-end fund	$0	–	-75	–	-0.00%	–
	Exit	MOTIVE CAPITAL II CL A -23equity wrt	$0	–	-9,862	–	-0.00%	–
	Exit	HEALTHCARE AI ACQ -CW23equity wrt	$0	–	-13,232	–	-0.00%	–
	Exit	ANTHEMIS DIGITAL ACQ -CW23equity wrt	$0	–	-9,909	–	-0.00%	–
CLBRWS	Exit	COLOMBIER ACQ CL A -CW28equity wrt	$0	–	-8,112	–	-0.00%	–
	Exit	REVELSTONE CAPITAL ACQU -28equity wrt	$0	–	-13,329	–	-0.00%	–
	Exit	SPREE ACQUISITION 1 LTD -23equity wrt	$0	–	-13,241	–	-0.00%	–
RWM	Exit	PROSHARES SHORT RUSSELL2000etp	$0	–	-40	–	-0.00%	–
	Exit	SOUTHPORT ACQUISITION -CW23equity wrt	$0	–	-13,224	–	-0.00%	–
	Exit	ANDRETTI ACQ CORP -A -CW23equity wrt	$0	–	-12,500	–	-0.00%	–
DISAU	Exit	DISRUPTIVE ACQUISITION CORPunit	$0	–	-350	–	-0.00%	–
	Exit	GARDINER HEALTHCARE -CW24equity wrt	$0	–	-26,000	–	-0.00%	–
FINMU	Exit	MARLIN TECHNOLOGY CORPunit	$0	–	-250	–	-0.00%	–
	Exit	ARTEMIS STRATEGIC INVESTMENTunit	$0	–	-300	–	-0.00%	–
	Exit	PEPPERLIME HEALTH ACQUISITIOunit	$0	–	-300	–	-0.00%	–
DHCAU	Exit	DHC ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
ARRWU	Exit	ARROWROOT ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
	Exit	SCHULTZE SPECIAL PURPOSE ACQunit	$0	–	-200	–	-0.00%	–
	Exit	AHREN ACQUISITION -CW23equity wrt	$0	–	-13,232	–	-0.00%	–
TBCPU	Exit	THUNDER BRIDGE CAPITAL PARTNunit	$0	–	-250	–	-0.00%	–
KIO	Exit	KKR INCOME OPPORTUNITIESclosed-end fund	$0	–	-175	–	-0.00%	–
	Exit	INNOVATIVE INTERNATIONAL ACQunit	$0	–	-300	–	-0.00%	–
	Exit	TG VENTURE ACQUISITION CORPunit	$0	–	-300	–	-0.00%	–
LGACU	Exit	LAZARD GROWTH ACQUISITION COunit	$0	–	-250	–	-0.00%	–
	Exit	AROGO CAPITAL ACQ -CW23equity wrt	$0	–	-25,000	–	-0.00%	–
PGRWU	Exit	PROGRESS ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
DOG	Exit	PROSHARES SHORT DOW30etp	$0	–	-40	–	-0.00%	–
GAMCU	Exit	GOLDEN ARROW MERGER CORPunit	$0	–	-250	–	-0.00%	–
	Exit	FTAC EMERALD ACQUISITI A -23equity wrt	$0	–	-12,500	–	-0.00%	–
	Exit	GESHER I ACQUISITION CORPunit	$0	–	-300	–	-0.00%	–
GSEVU	Exit	GORES HOLDINGS VII INCunit	$0	–	-250	–	-0.00%	–
	Exit	VISION SENSING ACQUISITION Cunit	$0	–	-250	–	-0.00%	–
	Exit	OPY ACQUISITION CORP Iunit	$0	–	-300	–	-0.00%	–
ZWRKU	Exit	Z-WORK ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
NRACU	Exit	NOBLE ROCK ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
NMI	Exit	NUVEEN MUNICIPAL INCOME FUNDclosed-end fund	$0	–	-400	–	-0.00%	–
ASA	Exit	ASA GOLD AND PRECIOUS METALSclosed-end fund	$0	–	-350	–	-0.00%	–
AVDV	Exit	AVANTIS INTL S/C VALUE ETFetp	$0	–	-100	–	-0.00%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRASclosed-end fund	$0	–	-750	–	-0.01%	–
CEM	Exit	CLEARBRIDGE MLP & MIDSTREAMclosed-end fund	$0	–	-200	–	-0.01%	–
MUNI	Exit	PIMCO INTERMEDIATE MUNICIPALetp	$0	–	-110	–	-0.01%	–
VTWV	Exit	VANGUARD RUSSELL 2000 VALUEetp	$0	–	-50	–	-0.01%	–
	Exit	GLOBALINK INVESTMENT INC	$0	–	-904	–	-0.01%	–
EFV	Exit	ISHARES MSCI EAFE VALUE ETFetp	$0	–	-250	–	-0.01%	–
JRS	Exit	NUVEEN REAL EST INC FDclosed-end fund	$0	–	-1,250	–	-0.01%	–
VTV	Exit	VANGUARD VALUE ETFetp	$0	–	-100	–	-0.01%	–
	Exit	OMNILIT ACQUISITION CORP-A	$0	–	-1,500	–	-0.01%	–
STIP	Exit	ISHARES 0-5 YEAR TIPS BOND Eetp	$0	–	-200	–	-0.02%	–
	Exit	ACCRETION ACQUISITION CORP	$0	–	-2,065	–	-0.02%	–
CONX	Exit	CONX CORP-CLASS A SHARES	$0	–	-2,221	–	-0.02%	–
FM	Exit	ISHR MSCI FRONT & SEL EM ETFetp	$0	–	-850	–	-0.02%	–
IWB	Exit	ISHARES RUSSELL 1000 ETFetp	$0	–	-125	–	-0.02%	–
	Exit	TRAJECTORY ALPHA ACQUISITI-A	$0	–	-2,600	–	-0.02%	–
	Exit	THUNDER BRIDGE CAPITAL PAR-A	$0	–	-2,970	–	-0.02%	–
IWR	Exit	ISHARES RUSSELL MID-CAP ETFetp	$0	–	-475	–	-0.02%	–
	Exit	LEGATO MERGER CORP II	$0	–	-3,564	–	-0.03%	–
VSS	Exit	VANGUARD FTSE ALL WO X-US SCetp	$0	–	-400	–	-0.03%	–
	Exit	CANNA-GLOBAL ACQUISITIO-CL A	$0	–	-3,552	–	-0.03%	–
DHBCU	Exit	DHB CAPITAL CORPunit	$0	–	-3,626	–	-0.03%	–
	Exit	FINNOVATE ACQUISITION CORP-A	$0	–	-3,540	–	-0.03%	–
JQC	Exit	NUVEEN CREDIT STRAT INCMclosed-end fund	$0	–	-8,045	–	-0.03%	–
	Exit	FORTUNE RISE ACQUISITION CORunit	$0	–	-4,182	–	-0.03%	–
VB	Exit	VANGUARD SMALL-CAP ETFetp	$0	–	-250	–	-0.03%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKEetp	$0	–	-1,325	–	-0.04%	–
	Exit	INDUSTRIAL TECH ACQUISITIONSunit	$0	–	-5,000	–	-0.04%	–
	Exit	GIGCAPITAL5 INC	$0	–	-5,000	–	-0.04%	–
	Exit	10X CAPITAL VENTURE ACQUIS-A	$0	–	-5,000	–	-0.04%	–
	Exit	ARTEMIS STRATEGIC INVES-CL A	$0	–	-5,276	–	-0.04%	–
	Exit	PEPPERLIME HEALTH ACQ - A	$0	–	-5,336	–	-0.04%	–
	Exit	SCHULTZE SPECIAL PURPOSE-A	$0	–	-5,344	–	-0.04%	–
	Exit	EXCELFIN ACQUISITION CORP-A	$0	–	-6,100	–	-0.05%	–
MACC	Exit	MISSION ADVANCEMENT CORP-A	$0	–	-6,600	–	-0.05%	–
MMD	Exit	MAINSTAY MACKAY DEFINEDTERMclosed-end fund	$0	–	-4,225	–	-0.05%	–
IPVF	Exit	INTERPRIVATE III FINANCIAL-A	$0	–	-6,715	–	-0.05%	–
VELO	Exit	VELOCITY ACQUISITION CORP-A	$0	–	-7,300	–	-0.06%	–
	Exit	PHOENIX BIOTECH ACQUISI-CL A	$0	–	-7,486	–	-0.06%	–
	Exit	CONCORD ACQUISITION CORP -A	$0	–	-8,064	–	-0.06%	–
	Exit	MOBIV ACQUISITION CORP-A	$0	–	-7,900	–	-0.06%	–
	Exit	OXUS ACQUISITION CORP-A	$0	–	-8,000	–	-0.06%	–
CPUH	Exit	COMPUTE HEALTH ACQUISITION-A	$0	–	-8,093	–	-0.06%	–
	Exit	STONEBRIDGE ACQUISITION CORP	$0	–	-8,637	–	-0.07%	–
	Exit	GRAF ACQUISITION CORP IV	$0	–	-9,044	–	-0.07%	–
JCIC	Exit	JACK CREEK INVESTMENT C-CL A	$0	–	-8,923	–	-0.07%	–
PSF	Exit	COHEN & STEERS SELECT PREFERclosed-end fund	$0	–	-5,001	–	-0.07%	–
IBER	Exit	IBERE PHARMACEUTICALS-A	$0	–	-9,557	–	-0.08%	–
KAII	Exit	KISMET ACQUISITION TWO-CL A	$0	–	-9,525	–	-0.08%	–
SSAA	Exit	SCIENCE STRATEGIC ACQUISIT-A	$0	–	-9,518	–	-0.08%	–
GLHA	Exit	GLASS HOUSES ACQUISITION COR	$0	–	-9,596	–	-0.08%	–
	Exit	TG VENTURE ACQUISITION CORP	$0	–	-10,080	–	-0.08%	–
TWLV	Exit	TWELVE SEAS INVTMNT CO II -A	$0	–	-10,164	–	-0.08%	–
GAMC	Exit	GOLDEN ARROW MERGER CORP-A	$0	–	-10,149	–	-0.08%	–
	Exit	VISCOGLIOSI BROTHERS ACQUISI	$0	–	-10,526	–	-0.08%	–
SBII	Exit	SANDBRIDGE X2 CORP-A	$0	–	-11,000	–	-0.09%	–
	Exit	HENNESSY CAPITAL INVEST-CL A	$0	–	-11,300	–	-0.09%	–
	Exit	MCLAREN TECHNOLOGY ACQ-A	$0	–	-11,000	–	-0.09%	–
	Exit	LIVE OAK CRESTVIEW CLIMATE-A	$0	–	-11,500	–	-0.09%	–
	Exit	GLOBAL CONSUMER ACQUISITION	$0	–	-11,024	–	-0.09%	–
FACA	Exit	FIGURE ACQUISITION CORP I -A	$0	–	-11,500	–	-0.09%	–
BOAS	Exit	BOA ACQUISITION CORP-A	$0	–	-11,603	–	-0.09%	–
GSEV	Exit	GORES HOLDINGS VII INC-A	$0	–	-11,700	–	-0.09%	–
ROSS	Exit	ROSS ACQUISITION CORP II -A	$0	–	-11,581	–	-0.09%	–
DISA	Exit	DISRUPTIVE ACQUISITION COR-A	$0	–	-11,684	–	-0.09%	–
	Exit	PONO CAPITAL TWO INC-CL A	$0	–	-11,500	–	-0.09%	–
	Exit	GORES HOLDING IX INC-CL A	$0	–	-12,000	–	-0.09%	–
FCAX	Exit	FORTRESS CAPITAL ACQUISITI-A	$0	–	-11,659	–	-0.09%	–
	Exit	ACROPOLIS INFRASTRUCTURE - A	$0	–	-12,000	–	-0.09%	–
	Exit	POST HOLDINGS PARTNERING -A	$0	–	-12,000	–	-0.09%	–
	Exit	BEARD ENERGY TRANSITION AC-A	$0	–	-11,495	–	-0.09%	–
	Exit	WAVERLEY CAPITAL ACQUISITI-A	$0	–	-11,900	–	-0.09%	–
	Exit	JUPITER ACQUISITION CORP-A	$0	–	-12,000	–	-0.09%	–
	Exit	SCREAMING EAGLE ACQ -CLASS A	$0	–	-12,000	–	-0.09%	–
	Exit	JAWS HURRICANE ACQUISITION-A	$0	–	-12,000	–	-0.09%	–
	Exit	HEALTHWELL ACQUISITION COR-A	$0	–	-12,000	–	-0.09%	–
	Exit	ALPHA HEALTHCARE ACQUISITI-A	$0	–	-12,000	–	-0.09%	–
ALCC	Exit	ALTC ACQUISITION CORP-CL A	$0	–	-12,000	–	-0.09%	–
	Exit	AXONPRIME INFRASTRUCTURE-A	$0	–	-12,000	–	-0.09%	–
NDAC	Exit	NIGHTDRAGON ACQUISITION CO-A	$0	–	-12,000	–	-0.09%	–
	Exit	ATHENA TECHNOLOGY ACQUISIT-A	$0	–	-12,000	–	-0.09%	–
CCVI	Exit	CHURCHILL CAPITAL CORP VI-A	$0	–	-12,000	–	-0.09%	–
	Exit	GLOBAL BLOCKCHAIN ACQUISITIO	$0	–	-12,000	–	-0.09%	–
TSPQ	Exit	TCW SPECIAL PURPOSE ACQ-CL A	$0	–	-12,000	–	-0.09%	–
	Exit	UTA ACQUISITION CORPORATIO-A	$0	–	-12,000	–	-0.10%	–
PTOCU	Exit	PINE TECHNOLOGY ACQUISITIONunit	$0	–	-12,597	–	-0.10%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$0	–	-12,585	–	-0.11%	–
	Exit	ROTH CH ACQUISITION V CO	$0	–	-14,817	–	-0.12%	–
NOAC	Exit	NATURAL ORDER ACQUISITION CO	$0	–	-15,034	–	-0.12%	–
	Exit	BLACK MOUNTAIN ACQUISITION-A	$0	–	-15,528	–	-0.12%	–
	Exit	CRESCERA CAPITAL ACQUIS-CL A	$0	–	-17,747	–	-0.14%	–
AAC	Exit	ARES ACQUISITION CORP-A	$0	–	-17,750	–	-0.14%	–
OHPA	Exit	ORION ACQUISITION CORP-CL A	$0	–	-18,289	–	-0.14%	–
RFM	Exit	RIVERNORTH FLEXIBLE MUNIclosed-end fund	$0	–	-11,384	–	-0.14%	–
BITE	Exit	BITE ACQUISITION CORP	$0	–	-18,672	–	-0.15%	–
	Exit	INFINT ACQUISITION CORP-A	$0	–	-18,296	–	-0.15%	–
	Exit	CRIXUS BH3 ACQUISITION CO-A	$0	–	-19,835	–	-0.16%	–
GPACU	Exit	GLOBAL PARTNER ACQUISITION Cunit	$0	–	-20,000	–	-0.16%	–
DHF	Exit	BNYM HIGH YIELD STRATclosed-end fund	$0	–	-94,686	–	-0.16%	–
	Exit	ANTHEMIS DIGITAL ACQUISITION	$0	–	-19,818	–	-0.16%	–
OEPW	Exit	ONE EQUITY PARTNERS OPEN-A	$0	–	-20,512	–	-0.16%	–
	Exit	BULLPEN PARLAY ACQUISITION-A	$0	–	-20,164	–	-0.16%	–
	Exit	ARBOR RAPHA CAPITAL BIOHOLDI	$0	–	-20,348	–	-0.16%	–
WPCB	Exit	WARBURG PINCUS CAPITAL I-B	$0	–	-22,015	–	-0.17%	–
PUCK	Exit	GOAL ACQUISITIONS CORP	$0	–	-22,951	–	-0.18%	–
DHBC	Exit	DHB CAPITAL CORP-CL A	$0	–	-24,527	–	-0.19%	–
	Exit	GAMES & ESPORTS EXPERIENCE-A	$0	–	-23,788	–	-0.19%	–
	Exit	RXR ACQUISITION CORP- CL A	$0	–	-24,485	–	-0.19%	–
OSI	Exit	OSIRIS ACQUISITION CORP-A	$0	–	-24,635	–	-0.19%	–
GXII	Exit	GX ACQUISITION CORP II-A	$0	–	-24,552	–	-0.19%	–
ZWRK	Exit	Z-WORK ACQUISITION CORP-A	$0	–	-24,594	–	-0.19%	–
TETC	Exit	TECH AND ENERGY TRANSITION-A	$0	–	-24,573	–	-0.19%	–
AFAQ	Exit	AF ACQUISITION CORP-CLASS A	$0	–	-24,600	–	-0.19%	–
PMGM	Exit	PRIVETERRA ACQUISITION COR-A	$0	–	-24,626	–	-0.19%	–
PSAG	Exit	PROPERTY SOLUTIONS ACQUISI-A	$0	–	-24,620	–	-0.19%	–
NBST	Exit	NEWBURY STREET ACQUISITION C	$0	–	-24,766	–	-0.19%	–
CLRM	Exit	CLARIM ACQUISITION CORP-CL A	$0	–	-24,604	–	-0.19%	–
GPAC	Exit	GLOBAL PARTNER ACQUISITION-A	$0	–	-24,545	–	-0.19%	–
BYTS	Exit	BYTE ACQUISITION CORP - A	$0	–	-24,786	–	-0.20%	–
HIIIU	Exit	HUDSON EXECUTIV INV CORP IIIunit	$0	–	-25,000	–	-0.20%	–
OHPAU	Exit	ORION ACQUISITION CORPunit	$0	–	-24,815	–	-0.20%	–
	Exit	AROGO CAPITAL ACQUISITION -A	$0	–	-25,000	–	-0.20%	–
SNRH	Exit	SENIOR CONNECT ACQUISITION-A	$0	–	-25,000	–	-0.20%	–
	Exit	ANDRETTI ACQUISITION CORP-A	$0	–	-25,000	–	-0.20%	–
	Exit	TRADEUP ACQUISITION CORPunit	$0	–	-25,390	–	-0.20%	–
	Exit	BLOCKCHAIN MOON ACQUISITION	$0	–	-25,796	–	-0.20%	–
	Exit	GARDINER HEALTHCARE ACQUIS	$0	–	-26,000	–	-0.21%	–
	Exit	C5 ACQUISITION CORP-A	$0	–	-26,000	–	-0.21%	–
AEAC	Exit	AUTHENTIC EQUITY ACQUISITI-A	$0	–	-26,319	–	-0.21%	–
	Exit	PEARL HOLDINGS ACQUISITION-A	$0	–	-26,482	–	-0.21%	–
	Exit	JACKSON ACQUISITION CO-CL A	$0	–	-26,552	–	-0.21%	–
	Exit	SWIFTMERGE ACQUISITION COR-A	$0	–	-26,658	–	-0.21%	–
	Exit	BURTECH ACQUISITION CORP-A	$0	–	-26,482	–	-0.21%	–
	Exit	BERENSON ACQUISITION CO-CL A	$0	–	-27,004	–	-0.21%	–
	Exit	TARGET GLOBAL ACQUISITION -A	$0	–	-26,570	–	-0.21%	–
	Exit	SOUTHPORT ACQUISITION CORP	$0	–	-26,449	–	-0.21%	–
	Exit	AHREN ACQUISITION CO-CLASS A	$0	–	-26,465	–	-0.21%	–
HIII	Exit	HUDSON EXECUTIVE INVESTMEN-A	$0	–	-26,980	–	-0.21%	–
	Exit	AULT DISRUPTIVE TECHNOLOGIES	$0	–	-26,447	–	-0.21%	–
	Exit	EVE MOBILITY ACQUISITION C-A	$0	–	-26,465	–	-0.21%	–
	Exit	HEALTHCARE AI ACQUISITION -A	$0	–	-26,465	–	-0.21%	–
	Exit	AP ACQUISITION CORP-A	$0	–	-26,309	–	-0.21%	–
	Exit	SPREE ACQUISITION CORP 1 LTD	$0	–	-26,482	–	-0.21%	–
	Exit	LIONHEART III CORP -CLASS A	$0	–	-26,730	–	-0.21%	–
AFAQU	Exit	AF ACQUISITION CORPunit	$0	–	-28,607	–	-0.22%	–
TBSA	Exit	TB SA ACQUISITION CORP -A	$0	–	-28,405	–	-0.22%	–
	Exit	AETHERIUM ACQUISITION CORP-A	$0	–	-28,400	–	-0.22%	–
TWNI	Exit	TAILWIND INTERNATIONAL ACQ-A	$0	–	-28,842	–	-0.23%	–
	Exit	OCEANTECH ACQUISITIONS- CL A	$0	–	-28,646	–	-0.23%	–
IIM	Exit	INVESCO VALUE MUNICIPAL INCOclosed-end fund	$0	–	-25,260	–	-0.23%	–
FSNB	Exit	FUSION ACQUISITION CORP II-A	$0	–	-29,834	–	-0.23%	–
FINM	Exit	MARLIN TECHNOLOGY CORP-A	$0	–	-29,846	–	-0.24%	–
	Exit	EMERGING MARKETS HORIZON -A	$0	–	-30,000	–	-0.24%	–
	Exit	BIOPLUS ACQUISITION CORP-A	$0	–	-29,972	–	-0.24%	–
	Exit	LIBERTY RESOURCES ACQUI-CL A	$0	–	-30,000	–	-0.24%	–
KAIR	Exit	KAIROS ACQUISITION CORP-A	$0	–	-31,049	–	-0.24%	–
FSRX	Exit	FINSERV ACQUISITION CORP-A	$0	–	-31,500	–	-0.25%	–
MSAC	Exit	MEDICUS SCIENCES ACQUISITI-A	$0	–	-31,274	–	-0.25%	–
	Exit	TRISTAR ACQUISITION I CORP-A	$0	–	-31,406	–	-0.25%	–
	Exit	REDWOODS ACQUISITION CORP	$0	–	-32,000	–	-0.25%	–
	Exit	WESTERN ACQUISITION VENTURES	$0	–	-32,000	–	-0.25%	–
	Exit	ALSET CAPITAL ACQUISITI-CL A	$0	–	-33,000	–	-0.26%	–
NSTC	Exit	NORTHERN STAR INVESTMENT -A	$0	–	-33,219	–	-0.26%	–
VT	Exit	VANGUARD TOT WORLD STK ETFetp	$0	–	-4,150	–	-0.26%	–
	Exit	RELATIVITY ACQUISITION COR-A	$0	–	-33,000	–	-0.26%	–
SPAX	Exit	ROBINSON ALT YLD PREMERG SPetp	$0	–	-16,350	–	-0.27%	–
	Exit	LAKESHORE ACQUISITION I CO-A	$0	–	-34,033	–	-0.27%	–
BSKY	Exit	BIG SKY GROWTH PARTNERS IN-A	$0	–	-36,000	–	-0.28%	–
ANZU	Exit	ANZU SPECIAL ACQUISITION -A	$0	–	-36,612	–	-0.29%	–
MIT	Exit	MASON INDUSTRIAL TECHN-CL A	$0	–	-36,700	–	-0.29%	–
FLME	Exit	FLAME ACQUISITION CORP -CL A	$0	–	-36,848	–	-0.29%	–
	Exit	FTAC EMERALD ACQUISITION -A	$0	–	-37,000	–	-0.29%	–
	Exit	PROOF ACQUISITION CORP I-A	$0	–	-37,000	–	-0.29%	–
REVH	Exit	REVOLUTION HEALTHCARE ACQU-A	$0	–	-37,893	–	-0.30%	–
FTEV	Exit	FINTECH EVOLUTION ACQUISIT-A	$0	–	-37,398	–	-0.30%	–
	Exit	REVELSTONE CAPITAL ACQUISI-A	$0	–	-37,658	–	-0.30%	–
NCZ	Exit	VIRTUS CONVERTIBLE & INCOMEclosed-end fund	$0	–	-132,036	–	-0.30%	–
MHD	Exit	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$0	–	-34,189	–	-0.31%	–
AMPI	Exit	ADVANCED MERGER PARTNERS I-A	$0	–	-39,184	–	-0.31%	–
BGSX	Exit	BUILD ACQUISITION CORP-A	$0	–	-39,378	–	-0.31%	–
NQP	Exit	NUVEEN PA QUAL MUNI INCclosed-end fund	$0	–	-35,630	–	-0.31%	–
NSTD	Exit	NORTHERN STAR INVESTMENT -A	$0	–	-40,576	–	-0.32%	–
HIO	Exit	WESTERN ASSET HI INC OPPORTclosed-end fund	$0	–	-108,713	–	-0.32%	–
ISD	Exit	PGIM HIGH YIELD BOND FUNDclosed-end fund	$0	–	-34,599	–	-0.32%	–
BGX	Exit	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$0	–	-37,505	–	-0.32%	–
	Exit	KNIGHTSWAN ACQUISITION COR-A	$0	–	-41,000	–	-0.33%	–
	Exit	AURORA TECHNOLOGY ACQUISI-A	$0	–	-43,000	–	-0.34%	–
DHY	Exit	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$0	–	-248,427	–	-0.35%	–
	Exit	FG MERGER CORP	$0	–	-44,000	–	-0.35%	–
DSM	Exit	BNYM STRAT MUNI BNDclosed-end fund	$0	–	-80,065	–	-0.36%	–
	Exit	CF ACQUISITION CORP VII-CL A	$0	–	-45,885	–	-0.36%	–
MHN	Exit	BLACKROCK MUNIHOLDINGS NY QUclosed-end fund	$0	–	-46,429	–	-0.37%	–
IPVA	Exit	INTERPRIVATE II ACQU-CLASS A	$0	–	-47,309	–	-0.37%	–
RFMZ	Exit	RIVERNORTH FLEX MUNI IIclosed-end fund	$0	–	-34,802	–	-0.37%	–
MUA	Exit	BLACKROCK MUNIASSETS FUNDclosed-end fund	$0	–	-47,253	–	-0.39%	–
DLY	Exit	DOUBLELINE YIELD OPPORTclosed-end fund	$0	–	-36,168	–	-0.39%	–
	Exit	MOTIVE CAPITAL CORP II-CL A	$0	–	-49,588	–	-0.39%	–
PHT	Exit	PIONEER HIGH INCOME FUNDclosed-end fund	$0	–	-76,528	–	-0.40%	–
WDI	Exit	WESTERN ASSET DIVERS INCclosed-end fund	$0	–	-40,150	–	-0.40%	–
KVSC	Exit	KHOSLA VENTURES ACQUISITIO-A	$0	–	-55,746	–	-0.43%	–
YTPG	Exit	TPG PACE BENEFICIAL II COR-A	$0	–	-57,000	–	-0.44%	–
ASZ	Exit	AUSTERLITZ ACQUISITION COR-A	$0	–	-57,000	–	-0.44%	–
MYN	Exit	BLACKROCK MUNIYIELD NY QUALIclosed-end fund	$0	–	-59,142	–	-0.45%	–
CLBR	Exit	COLOMBIER ACQUISITION CORP-A	$0	–	-58,038	–	-0.45%	–
CXE	Exit	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$0	–	-168,356	–	-0.45%	–
PAQC	Exit	PROVIDENT ACQUISITION CORP-A	$0	–	-58,630	–	-0.46%	–
PMX	Exit	PIMCO MUNI INCOME FUND IIIclosed-end fund	$0	–	-78,416	–	-0.49%	–
DGNU	Exit	DRAGONEER GROWTH OPP III-A	$0	–	-63,000	–	-0.49%	–
SDHY	Exit	PGIM SHRT DURAT HI YLDclosed-end fund	$0	–	-44,597	–	-0.51%	–
MUI	Exit	BLACKROCK MUNICIPAL INCOMEclosed-end fund	$0	–	-60,000	–	-0.52%	–
TLGA	Exit	TLG ACQUISITION ONE COR-CL A	$0	–	-70,742	–	-0.56%	–
VKQ	Exit	INVESCO MUNICIPAL TRUSTclosed-end fund	$0	–	-80,925	–	-0.59%	–
VGM	Exit	INVESCO TRUST FOR INVESTMENclosed-end fund	$0	–	-79,940	–	-0.60%	–
CVII	Exit	CHURCHILL CAPITAL CORP VII-A	$0	–	-76,792	–	-0.60%	–
MNP	Exit	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$0	–	-67,820	–	-0.61%	–
CXH	Exit	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$0	–	-132,478	–	-0.71%	–
SBI	Exit	WESTERN ASSET INTERMEDIATEclosed-end fund	$0	–	-125,551	–	-0.74%	–
MHI	Exit	PIONEER MUNI HIGH INC TRclosed-end fund	$0	–	-117,211	–	-0.76%	–
MYI	Exit	BLACKROCK MUNIYIELD QLTY IIIclosed-end fund	$0	–	-101,335	–	-0.84%	–
FMN	Exit	FEDERATED HERMES PREMIER MUNclosed-end fund	$0	–	-102,922	–	-0.85%	–
VKI	Exit	INVESCO AD MIT IIclosed-end fund	$0	–	-134,138	–	-0.87%	–
	Exit	PIONEER MUNI HIGH INC OPPclosed-end fund	$0	–	-114,369	–	-0.94%	–
NZF	Exit	NUVEEN MUNI CREDIT INC FDclosed-end fund	$0	–	-105,931	–	-0.96%	–
EVM	Exit	EATON VANCE CAL MUNI BONDclosed-end fund	$0	–	-143,331	–	-0.97%	–
MYD	Exit	BLACKROCK MUNIYIELD FUNDclosed-end fund	$0	–	-122,830	–	-0.97%	–
EVN	Exit	EATON VANCE MUNI INC TRclosed-end fund	$0	–	-126,881	–	-0.99%	–
MVT	Exit	BLACKROCK MUNIVEST FUND IIclosed-end fund	$0	–	-123,007	–	-0.99%	–
HYD	Exit	VANECK HIGH YIELD MUNI ETFetp	$0	–	-25,000	–	-0.99%	–
KSM	Exit	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$0	–	-156,695	–	-1.00%	–
LEO	Exit	BNY MELLON STRATEGIC MUNIclosed-end fund	$0	–	-210,206	–	-1.03%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$0	–	-123,925	–	-1.09%	–
EIM	Exit	EATON VANCE MUNICIPAL BONDclosed-end fund	$0	–	-141,845	–	-1.10%	–
NRK	Exit	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$0	–	-163,325	–	-1.29%	–
NAD	Exit	NUVEEN QUAL MUNI INCOME FDclosed-end fund	$0	–	-150,897	–	-1.32%	–
VMO	Exit	INVESCO MUNICIPAL OPPORTUNIclosed-end fund	$0	–	-184,028	–	-1.34%	–
CMU	Exit	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$0	–	-580,587	–	-1.38%	–
VTN	Exit	INVESCO TR FOR INVEST GRD NYclosed-end fund	$0	–	-195,607	–	-1.50%	–
BFZ	Exit	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$0	–	-184,282	–	-1.51%	–
KTF	Exit	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$0	–	-251,577	–	-1.67%	–
MFM	Exit	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$0	–	-441,116	–	-1.72%	–
NBH	Exit	NEUBERGER BERMAN MUNICIPALclosed-end fund	$0	–	-236,093	–	-1.90%	–
NEA	Exit	NUVEEN AMT-FR QLTY MUNI INCclosed-end fund	$0	–	-230,954	–	-1.96%	–
NUO	Exit	NUVEEN OHIO QLTY MUNI INCclosed-end fund	$0	–	-228,231	–	-2.14%	–
VTEB	Exit	VANGUARD TAX-EXEMPT BOND ETFetp	$0	–	-65,425	–	-2.50%	–
MAV	Exit	PIONEER MUNICIPAL HIGH INCclosed-end fund	$0	–	-423,877	–	-2.55%	–
DMF	Exit	BNYM MUNICIPAL INCOMEclosed-end fund	$0	–	-540,642	–	-2.58%	–
BLE	Exit	BLACKROCK MUN INC TRUST IIclosed-end fund	$0	–	-366,016	–	-2.94%	–
MUB	Exit	ISHARES NATIONAL MUNI BOND Eetp	$0	–	-40,000	–	-3.26%	–
MVF	Exit	BLACKROCK MUNIVEST FUNDclosed-end fund	$0	–	-657,232	–	-3.47%	–
BFK	Exit	BLACKROCK MUNICIPAL INC TRSTclosed-end fund	$0	–	-479,063	–	-3.64%	–
MMU	Exit	WESTERN ASSET MANAGED MUNICIclosed-end fund	$0	–	-695,011	–	-5.38%	–

Q3 2022

			Value		Shares		↓ Weighting
MMU	Sell	WESTERN ASSET MANAGED MUNICIclosed-end fund	$6,780,000	-10.9%	695,011	-1.3%	5.38%	-5.0%
BFK	Buy	BLACKROCK MUNICIPAL INC TRSTclosed-end fund	$4,577,000	+427.3%	479,063	+502.5%	3.64%	+461.8%
MVF	Buy	BLACKROCK MUNIVEST FUNDclosed-end fund	$4,374,000	+13.8%	657,232	+29.5%	3.47%	+21.3%
MUB	Sell	ISHARES NATIONAL MUNI BOND Eetp	$4,101,000	-52.0%	40,000	-49.9%	3.26%	-48.8%
BLE	Sell	BLACKROCK MUN INC TRUST IIclosed-end fund	$3,697,000	-13.6%	366,016	-2.8%	2.94%	-7.9%
DMF	Buy	BNYM MUNICIPAL INCOMEclosed-end fund	$3,249,000	+8.4%	540,642	+24.7%	2.58%	+15.6%
MAV	Buy	PIONEER MUNICIPAL HIGH INCclosed-end fund	$3,213,000	-14.1%	423,877	+2.0%	2.55%	-8.4%
VTEB	New	VANGUARD TAX-EXEMPT BOND ETFetp	$3,145,000	–	65,425	–	2.50%	–
NEA	Buy	NUVEEN AMT-FR QLTY MUNI INCclosed-end fund	$2,464,000	+82033.3%	230,954	+83883.3%	1.96%	+97750.0%
NBH	Buy	NEUBERGER BERMAN MUNICIPALclosed-end fund	$2,399,000	+24.6%	236,093	+39.1%	1.90%	+32.8%
MFM	Sell	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$2,166,000	-25.9%	441,116	-15.0%	1.72%	-21.0%
KTF	Sell	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$2,103,000	-40.5%	251,577	-31.1%	1.67%	-36.6%
VTN	Sell	INVESCO TR FOR INVEST GRD NYclosed-end fund	$1,886,000	-19.5%	195,607	-9.8%	1.50%	-14.1%
VMO	Buy	INVESCO MUNICIPAL OPPORTUNIclosed-end fund	$1,684,000	-10.7%	184,028	+0.9%	1.34%	-4.8%
NAD	New	NUVEEN QUAL MUNI INCOME FDclosed-end fund	$1,667,000	–	150,897	–	1.32%	–
NRK	Sell	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$1,623,000	-15.2%	163,325	-5.3%	1.29%	-9.6%
EIM	New	EATON VANCE MUNICIPAL BONDclosed-end fund	$1,380,000	–	141,845	–	1.10%	–
MQY	New	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$1,377,000	–	123,925	–	1.09%	–
LEO	Sell	BNY MELLON STRATEGIC MUNIclosed-end fund	$1,297,000	-54.2%	210,206	-50.5%	1.03%	-51.2%
KSM	Buy	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$1,255,000	+61.5%	156,695	+85.8%	1.00%	+72.2%
HYD	Sell	VANECK HIGH YIELD MUNI ETFetp	$1,252,000	-70.2%	25,000	-68.0%	0.99%	-68.3%
MVT	New	BLACKROCK MUNIVEST FUND IIclosed-end fund	$1,245,000	–	123,007	–	0.99%	–
EVN	New	EATON VANCE MUNI INC TRclosed-end fund	$1,242,000	–	126,881	–	0.99%	–
MYD	Sell	BLACKROCK MUNIYIELD FUNDclosed-end fund	$1,227,000	-54.0%	122,830	-47.9%	0.97%	-51.0%
EVM	Sell	EATON VANCE CAL MUNI BONDclosed-end fund	$1,218,000	-10.0%	143,331	-0.3%	0.97%	-4.1%
NZF	Sell	NUVEEN MUNI CREDIT INC FDclosed-end fund	$1,208,000	-59.2%	105,931	-53.8%	0.96%	-56.5%
	Sell	PIONEER MUNI HIGH INC OPPclosed-end fund	$1,180,000	-43.6%	114,369	-33.2%	0.94%	-39.8%
VKI	New	INVESCO AD MIT IIclosed-end fund	$1,095,000	–	134,138	–	0.87%	–
FMN	Buy	FEDERATED HERMES PREMIER MUNclosed-end fund	$1,067,000	+94.4%	102,922	+113.6%	0.85%	+107.1%
MYI	New	BLACKROCK MUNIYIELD QLTY IIIclosed-end fund	$1,063,000	–	101,335	–	0.84%	–
MHI	Sell	PIONEER MUNI HIGH INC TRclosed-end fund	$962,000	-77.0%	117,211	-73.3%	0.76%	-75.5%
SBI	Buy	WESTERN ASSET INTERMEDIATEclosed-end fund	$932,000	+9.6%	125,551	+19.3%	0.74%	+16.9%
CXH	Sell	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$898,000	-17.8%	132,478	-6.2%	0.71%	-12.4%
MNP	Sell	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$771,000	-62.0%	67,820	-57.0%	0.61%	-59.6%
CVII	New	CHURCHILL CAPITAL CORP VII-A	$756,000	–	76,792	–	0.60%	–
VGM	Buy	INVESCO TRUST FOR INVESTMENclosed-end fund	$750,000	+47.1%	79,940	+66.7%	0.60%	+56.8%
VKQ	Sell	INVESCO MUNICIPAL TRUSTclosed-end fund	$740,000	-39.6%	80,925	-32.2%	0.59%	-35.6%
TLGA	Buy	TLG ACQUISITION ONE COR-CL A	$699,000	+190.0%	70,742	+188.0%	0.56%	+208.3%
MUI	Sell	BLACKROCK MUNICIPAL INCOMEclosed-end fund	$656,000	-57.2%	60,000	-52.2%	0.52%	-54.4%
DGNU	New	DRAGONEER GROWTH OPP III-A	$617,000	–	63,000	–	0.49%	–
PMX	New	PIMCO MUNI INCOME FUND IIIclosed-end fund	$614,000	–	78,416	–	0.49%	–
CXE	Sell	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$567,000	-24.9%	168,356	-12.5%	0.45%	-19.9%
CLBR	Buy	COLOMBIER ACQUISITION CORP-A	$566,000	+160.8%	58,038	+159.4%	0.45%	+177.2%
MYN	Buy	BLACKROCK MUNIYIELD NY QUALIclosed-end fund	$562,000	+141.2%	59,142	+173.1%	0.45%	+156.3%
ASZ	New	AUSTERLITZ ACQUISITION COR-A	$559,000	–	57,000	–	0.44%	–
YTPG	New	TPG PACE BENEFICIAL II COR-A	$557,000	–	57,000	–	0.44%	–
KVSC	New	KHOSLA VENTURES ACQUISITIO-A	$546,000	–	55,746	–	0.43%	–
	Buy	MOTIVE CAPITAL CORP II-CL A	$496,000	+80.4%	49,588	+78.4%	0.39%	+92.2%
MUA	New	BLACKROCK MUNIASSETS FUNDclosed-end fund	$489,000	–	47,253	–	0.39%	–
RFMZ	Sell	RIVERNORTH FLEX MUNI IIclosed-end fund	$466,000	-59.1%	34,802	-54.9%	0.37%	-56.4%
IPVA	Buy	INTERPRIVATE II ACQU-CLASS A	$466,000	+94.2%	47,309	+92.9%	0.37%	+106.7%
MHN	New	BLACKROCK MUNIHOLDINGS NY QUclosed-end fund	$461,000	–	46,429	–	0.37%	–
	Buy	CF ACQUISITION CORP VII-CL A	$459,000	+37.8%	45,885	+36.2%	0.36%	+46.8%
DSM	Sell	BNYM STRAT MUNI BNDclosed-end fund	$456,000	-18.9%	80,065	-8.9%	0.36%	-13.6%
	Buy	FG MERGER CORP	$441,000	+38.7%	44,000	+37.5%	0.35%	+47.7%
DHY	Sell	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$440,000	-29.5%	248,427	-25.4%	0.35%	-24.9%
	Buy	AURORA TECHNOLOGY ACQUISI-A	$431,000	+36.0%	43,000	+34.4%	0.34%	+44.9%
	Buy	KNIGHTSWAN ACQUISITION COR-A	$411,000	+37.5%	41,000	+36.7%	0.33%	+46.2%
BGX	Buy	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$409,000	-4.4%	37,505	+0.1%	0.32%	+1.9%
HIO	Sell	WESTERN ASSET HI INC OPPORTclosed-end fund	$403,000	-45.5%	108,713	-41.8%	0.32%	-41.8%
NSTD	Buy	NORTHERN STAR INVESTMENT -A	$398,000	+37.2%	40,576	+37.2%	0.32%	+46.3%
NQP	Sell	NUVEEN PA QUAL MUNI INCclosed-end fund	$393,000	-12.1%	35,630	-2.7%	0.31%	-6.3%
BGSX	Buy	BUILD ACQUISITION CORP-A	$388,000	+104.2%	39,378	+103.2%	0.31%	+116.9%
MHD	New	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$387,000	–	34,189	–	0.31%	–
AMPI	New	ADVANCED MERGER PARTNERS I-A	$386,000	–	39,184	–	0.31%	–
	Buy	REVELSTONE CAPITAL ACQUISI-A	$373,000	+42.4%	37,658	+41.3%	0.30%	+51.8%
REVH	Buy	REVOLUTION HEALTHCARE ACQU-A	$372,000	+41.4%	37,893	+40.9%	0.30%	+50.5%
	Buy	PROOF ACQUISITION CORP I-A	$370,000	+43.4%	37,000	+42.3%	0.29%	+53.1%
FLME	Buy	FLAME ACQUISITION CORP -CL A	$363,000	+48.8%	36,848	+48.3%	0.29%	+58.2%
	Buy	FTAC EMERALD ACQUISITION -A	$363,000	+48.2%	37,000	+48.0%	0.29%	+58.2%
MIT	Buy	MASON INDUSTRIAL TECHN-CL A	$360,000	+49.4%	36,700	+48.6%	0.29%	+58.9%
ANZU	Buy	ANZU SPECIAL ACQUISITION -A	$360,000	+49.4%	36,612	+48.8%	0.29%	+58.9%
BSKY	Buy	BIG SKY GROWTH PARTNERS IN-A	$352,000	+44.3%	36,000	+44.0%	0.28%	+53.8%
VT	New	VANGUARD TOT WORLD STK ETFetp	$331,000	–	4,150	–	0.26%	–
NSTC	New	NORTHERN STAR INVESTMENT -A	$327,000	–	33,219	–	0.26%	–
	Buy	TRISTAR ACQUISITION I CORP-A	$311,000	+3.0%	31,406	+2.2%	0.25%	+9.8%
FSRX	Buy	FINSERV ACQUISITION CORP-A	$310,000	+58.2%	31,500	+57.5%	0.25%	+68.5%
	Buy	BIOPLUS ACQUISITION CORP-A	$301,000	+13.6%	29,972	+12.7%	0.24%	+21.3%
	New	EMERGING MARKETS HORIZON -A	$300,000	–	30,000	–	0.24%	–
FSNB	Buy	FUSION ACQUISITION CORP II-A	$294,000	+22.0%	29,834	+21.4%	0.23%	+29.4%
IIM	New	INVESCO VALUE MUNICIPAL INCOclosed-end fund	$294,000	–	25,260	–	0.23%	–
	Buy	AETHERIUM ACQUISITION CORP-A	$283,000	+73.6%	28,400	+73.2%	0.22%	+86.0%
HIII	Buy	HUDSON EXECUTIVE INVESTMEN-A	$266,000	+1.9%	26,980	+1.2%	0.21%	+8.8%
HIIIU	Sell	HUDSON EXECUTIV INV CORP IIIunit	$246,000	-0.8%	25,000	-1.3%	0.20%	+5.4%
	Buy	GAMES & ESPORTS EXPERIENCE-A	$241,000	+10.0%	23,788	+8.7%	0.19%	+17.2%
	Buy	BULLPEN PARLAY ACQUISITION-A	$203,000	+16.0%	20,164	+14.7%	0.16%	+23.8%
	Buy	ANTHEMIS DIGITAL ACQUISITION	$200,000	+16.3%	19,818	+14.7%	0.16%	+24.2%
	Buy	CRIXUS BH3 ACQUISITION CO-A	$197,000	+15.2%	19,835	+14.7%	0.16%	+22.8%
	Buy	INFINT ACQUISITION CORP-A	$186,000	+14.8%	18,296	+13.3%	0.15%	+22.3%
BITE	Buy	BITE ACQUISITION CORP	$184,000	+95.7%	18,672	+95.1%	0.15%	+108.6%
RFM	Sell	RIVERNORTH FLEXIBLE MUNIclosed-end fund	$182,000	-57.7%	11,384	-54.8%	0.14%	-54.7%
AAC	New	ARES ACQUISITION CORP-A	$177,000	–	17,750	–	0.14%	–
	Buy	BLACK MOUNTAIN ACQUISITION-A	$156,000	+246.7%	15,528	+240.4%	0.12%	+264.7%
	Buy	ROTH CH ACQUISITION V CO	$148,000	+722.2%	14,817	+726.8%	0.12%	+807.7%
	New	UTA ACQUISITION CORPORATIO-A	$120,000	–	12,000	–	0.10%	–
	New	GLOBAL BLOCKCHAIN ACQUISITIO	$118,000	–	12,000	–	0.09%	–
NDAC	New	NIGHTDRAGON ACQUISITION CO-A	$119,000	–	12,000	–	0.09%	–
	New	ATHENA TECHNOLOGY ACQUISIT-A	$119,000	–	12,000	–	0.09%	–
CCVI	New	CHURCHILL CAPITAL CORP VI-A	$118,000	–	12,000	–	0.09%	–
TSPQ	New	TCW SPECIAL PURPOSE ACQ-CL A	$118,000	–	12,000	–	0.09%	–
	New	AXONPRIME INFRASTRUCTURE-A	$117,000	–	12,000	–	0.09%	–
ALCC	New	ALTC ACQUISITION CORP-CL A	$117,000	–	12,000	–	0.09%	–
	New	JAWS HURRICANE ACQUISITION-A	$117,000	–	12,000	–	0.09%	–
	New	HEALTHWELL ACQUISITION COR-A	$117,000	–	12,000	–	0.09%	–
	New	ALPHA HEALTHCARE ACQUISITI-A	$117,000	–	12,000	–	0.09%	–
	New	GORES HOLDING IX INC-CL A	$116,000	–	12,000	–	0.09%	–
	New	JUPITER ACQUISITION CORP-A	$116,000	–	12,000	–	0.09%	–
	New	BEARD ENERGY TRANSITION AC-A	$116,000	–	11,495	–	0.09%	–
	New	WAVERLEY CAPITAL ACQUISITI-A	$116,000	–	11,900	–	0.09%	–
	New	ACROPOLIS INFRASTRUCTURE - A	$116,000	–	12,000	–	0.09%	–
	New	PONO CAPITAL TWO INC-CL A	$116,000	–	11,500	–	0.09%	–
	New	SCREAMING EAGLE ACQ -CLASS A	$116,000	–	12,000	–	0.09%	–
FCAX	New	FORTRESS CAPITAL ACQUISITI-A	$116,000	–	11,659	–	0.09%	–
	New	POST HOLDINGS PARTNERING -A	$116,000	–	12,000	–	0.09%	–
GSEV	New	GORES HOLDINGS VII INC-A	$115,000	–	11,700	–	0.09%	–
FACA	New	FIGURE ACQUISITION CORP I -A	$113,000	–	11,500	–	0.09%	–
	New	LIVE OAK CRESTVIEW CLIMATE-A	$112,000	–	11,500	–	0.09%	–
	New	MCLAREN TECHNOLOGY ACQ-A	$110,000	–	11,000	–	0.09%	–
	New	HENNESSY CAPITAL INVEST-CL A	$110,000	–	11,300	–	0.09%	–
SBII	New	SANDBRIDGE X2 CORP-A	$108,000	–	11,000	–	0.09%	–
	New	VISCOGLIOSI BROTHERS ACQUISI	$104,000	–	10,526	–	0.08%	–
	Buy	TG VENTURE ACQUISITION CORP	$100,000	+14.9%	10,080	+14.7%	0.08%	+21.5%
	New	GRAF ACQUISITION CORP IV	$88,000	–	9,044	–	0.07%	–
	New	STONEBRIDGE ACQUISITION CORP	$87,000	–	8,637	–	0.07%	–
CPUH	New	COMPUTE HEALTH ACQUISITION-A	$80,000	–	8,093	–	0.06%	–
	New	MOBIV ACQUISITION CORP-A	$79,000	–	7,900	–	0.06%	–
	New	CONCORD ACQUISITION CORP -A	$78,000	–	8,064	–	0.06%	–
	Buy	PHOENIX BIOTECH ACQUISI-CL A	$76,000	+16.9%	7,486	+14.6%	0.06%	+25.0%
VELO	New	VELOCITY ACQUISITION CORP-A	$72,000	–	7,300	–	0.06%	–
MACC	New	MISSION ADVANCEMENT CORP-A	$65,000	–	6,600	–	0.05%	–
MMD	New	MAINSTAY MACKAY DEFINEDTERMclosed-end fund	$66,000	–	4,225	–	0.05%	–
	New	EXCELFIN ACQUISITION CORP-A	$61,000	–	6,100	–	0.05%	–
	Buy	SCHULTZE SPECIAL PURPOSE-A	$53,000	+15.2%	5,344	+14.7%	0.04%	+23.5%
	Buy	PEPPERLIME HEALTH ACQ - A	$53,000	+15.2%	5,336	+14.8%	0.04%	+23.5%
	Buy	ARTEMIS STRATEGIC INVES-CL A	$52,000	+13.0%	5,276	+14.6%	0.04%	+20.6%
	Sell	INDUSTRIAL TECH ACQUISITIONSunit	$50,000	-50.0%	5,000	-50.0%	0.04%	-45.9%
	Sell	GIGCAPITAL5 INC	$51,000	-79.7%	5,000	-80.0%	0.04%	-78.6%
VWO	New	VANGUARD FTSE EMERGING MARKEetp	$49,000	–	1,325	–	0.04%	–
VB	New	VANGUARD SMALL-CAP ETFetp	$43,000	–	250	–	0.03%	–
JQC	Buy	NUVEEN CREDIT STRAT INCMclosed-end fund	$41,000	+4000.0%	8,045	+3922.5%	0.03%	+3200.0%
	Buy	CANNA-GLOBAL ACQUISITIO-CL A	$36,000	+100.0%	3,552	+100.0%	0.03%	+123.1%
VSS	New	VANGUARD FTSE ALL WO X-US SCetp	$37,000	–	400	–	0.03%	–
	Buy	FINNOVATE ACQUISITION CORP-A	$36,000	+100.0%	3,540	+100.0%	0.03%	+123.1%
	Buy	LEGATO MERGER CORP II	$35,000	+94.4%	3,564	+100.0%	0.03%	+115.4%
	Buy	THUNDER BRIDGE CAPITAL PAR-A	$29,000	+190.0%	2,970	+200.0%	0.02%	+228.6%
MUNI	New	PIMCO INTERMEDIATE MUNICIPALetp	$6,000	–	110	–	0.01%	–
KYN	Sell	KAYNE ANDERSON ENERGY INFRASclosed-end fund	$6,000	-14.3%	750	-14.3%	0.01%	0.0%
VTWV	New	VANGUARD RUSSELL 2000 VALUEetp	$6,000	–	50	–	0.01%	–
NMI	New	NUVEEN MUNICIPAL INCOME FUNDclosed-end fund	$4,000	–	400	–	0.00%	–
	Sell	SCHULTZE SPECIAL PURPOSE ACQunit	$2,000	-77.8%	200	-77.4%	0.00%	-71.4%
NRACU	Sell	NOBLE ROCK ACQUISITION CORPunit	$2,000	-98.9%	250	-98.6%	0.00%	-98.5%
	Sell	TG VENTURE ACQUISITION CORPunit	$3,000	-81.2%	300	-81.1%	0.00%	-83.3%
	Sell	PEPPERLIME HEALTH ACQUISITIOunit	$3,000	-70.0%	300	-69.6%	0.00%	-71.4%
GAMCU	Sell	GOLDEN ARROW MERGER CORPunit	$2,000	-99.5%	250	-99.4%	0.00%	-99.4%
	Sell	ARTEMIS STRATEGIC INVESTMENTunit	$3,000	-70.0%	300	-69.1%	0.00%	-71.4%
	Buy	CRIXUS BH3 ACQUISITION -CW26equity wrt	$1,000	0.0%	9,917	+14.7%	0.00%	0.0%
NSL	New	NUVEEN SENIOR INCOME FUNDclosed-end fund	$1,000	–	250	–	0.00%	–
CLBRWS	Buy	COLOMBIER ACQ CL A -CW28equity wrt	$1,000	0.0%	8,112	+8.8%	0.00%	0.0%
	Buy	ANTHEMIS DIGITAL ACQ -CW23equity wrt	$1,000	-50.0%	9,909	+14.7%	0.00%	0.0%
	Buy	LEGATO MERGER CORP II -CW23equity wrt	$1,000	–	1,782	+100.0%	0.00%	–
	Buy	MOTIVE CAPITAL II CL A -23equity wrt	$1,000	-50.0%	9,862	+6.5%	0.00%	0.0%
	Buy	TG VENTURE ACQUISITION -CW23equity wrt	$1,000	0.0%	10,080	+14.7%	0.00%	0.0%
	Buy	BIOPLUS ACQUISITION -CW23equity wrt	$1,000	0.0%	14,586	+9.7%	0.00%	0.0%
	Buy	BULLPEN PARLAY ACQUISITI -26equity wrt	$1,000	0.0%	10,082	+14.7%	0.00%	0.0%
	Buy	CANNA-GLOBAL ACQUISIT -CW23equity wrt	$0	–	3,552	+100.0%	0.00%	–
	Buy	ARTEMIS STRATEGIC INVES-CW23equity wrt	$0	–	2,638	+14.6%	0.00%	–
	Buy	BLACK MOUNTAIN ACQ -CW27equity wrt	$0	-100.0%	3,920	+14.6%	0.00%	-100.0%
	Buy	PHOENIX BIOTECH ACQ -CW26equity wrt	$0	–	3,743	+14.6%	0.00%	–
	Buy	ROTH CH ACQUISITION V -CW23equity wrt	$0	–	1,792	+100.0%	0.00%	–
	Buy	THUNDER BRIDGE CAPITAL-CWequity wrt	$0	–	594	+200.0%	0.00%	–
	Buy	GAMES & ESPORTS EXPERIEN -23equity wrt	$0	-100.0%	11,894	+8.7%	0.00%	-100.0%
	Buy	FINNOVATE ACQUISITION -CW23equity wrt	$0	–	2,654	+100.0%	0.00%	–
	Buy	SCHULTZE SPECIAL PURPO -CW28equity wrt	$0	–	2,672	+14.7%	0.00%	–
	Buy	PEPPERLIME HEALTH ACQ -CW23equity wrt	$0	–	2,668	+14.8%	0.00%	–
	Buy	TRISTAR ACQ I CL A -CW28equity wrt	$0	–	2,664	+14.7%	0.00%	–
HIIIW	Buy	HUDSON EXECUTIVE INV A -CW28equity wrt	$0	–	522	+14.5%	0.00%	–
GXIIW	Exit	GX ACQUISITION II A -CW28equity wrt	$0	–	-1,726	–	0.00%	–
	Exit	1NFINT ACQUISITION CORP-CW27equity wrt	$0	–	-8,074	–	0.00%	–
	Exit	GLOBAL CONSUMER ACQ -CW27equity wrt	$0	–	-5,512	–	-0.00%	–
	Exit	GRAYSCALE ETHEREUM TRUSTopen-end fund	$0	–	-200	–	-0.00%	–
	Exit	GRAYSCALE LITECOIN TRUSTopen-end fund	$0	–	-250	–	-0.00%	–
NCV	Exit	VIRTUS CONVERTIBLE & INCOMEclosed-end fund	$0	–	-300	–	-0.00%	–
	Exit	GRAYSCALE BITCOIN TRUST BTCopen-end fund	$0	–	-250	–	-0.00%	–
PZA	Exit	INVESCO NATIONAL AMT-FREE MUetp	$0	–	-200	–	-0.00%	–
	Exit	TRISTAR ACQUISITION I CORPunit	$0	–	-682	–	-0.01%	–
FRXBU	Exit	FOREST ROAD ACQUISITION CORPunit	$0	–	-1,000	–	-0.01%	–
	Exit	PHOENIX BIOTECH ACQUISITIONunit	$0	–	-956	–	-0.01%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTclosed-end fund	$0	–	-530	–	-0.01%	–
	Exit	ROTH CH ACQUISITION V CO.unit	$0	–	-1,792	–	-0.01%	–
	Exit	CANNA-GLOBAL ACQUISITION CORunit	$0	–	-1,776	–	-0.01%	–
	Exit	LEGATO MERGER CORP IIunit	$0	–	-1,782	–	-0.01%	–
	Exit	FINNOVATE ACQUISITION CORPunit	$0	–	-1,770	–	-0.01%	–
THCPU	Exit	THUNDER BRIDGE CAPITAL PARTNunit	$0	–	-1,980	–	-0.01%	–
	Exit	GAMES & ESPORTS EXPERIENCE Aunit	$0	–	-1,894	–	-0.01%	–
	Exit	INFINT ACQUISITION CORPunit	$0	–	-2,148	–	-0.02%	–
	Exit	ANTHEMIS DIGITAL ACQUISITIONunit	$0	–	-2,534	–	-0.02%	–
DTOCU	Exit	DIGITAL TRANSFORMATION OPPORunit	$0	–	-2,569	–	-0.02%	–
	Exit	BIOPLUS ACQUISITION CORPunit	$0	–	-2,586	–	-0.02%	–
	Exit	CRIXUS BH3 ACQUISITION COunit	$0	–	-2,540	–	-0.02%	–
	Exit	BULLPEN PARLAY ACQUISITION Cunit	$0	–	-2,582	–	-0.02%	–
CLRMU	Exit	CLARIM ACQUISITION CORPunit	$0	–	-3,131	–	-0.02%	–
	Exit	GIGCAPITAL5 INCunit	$0	–	-5,000	–	-0.04%	–
FSNBU	Exit	FUSION ACQUISITION CORP IIunit	$0	–	-5,250	–	-0.04%	–
DTF	Exit	DTF TAX-FREE INCOME 2028 TERclosed-end fund	$0	–	-7,276	–	-0.07%	–
	Exit	BLACK MOUNTAIN ACQ CORPunit	$0	–	-10,966	–	-0.08%	–
FCAXU	Exit	FORTRESS CAPITAL ACQUISITIONunit	$0	–	-11,659	–	-0.09%	–
	Exit	ROBINSON TAX ADVANT INC-INSTfund of funds	$0	–	-14,979	–	-0.09%	–
CVIIU	Exit	CHURCHILL CAPITAL CORP VIIunit	$0	–	-17,250	–	-0.13%	–
AACU	Exit	ARES ACQUISITION CORPunit	$0	–	-17,750	–	-0.13%	–
NDMO	Exit	NUVEEN DYNAMIC MUNI OPPORTclosed-end fund	$0	–	-15,924	–	-0.14%	–
VPV	Exit	INVESCO PENNSYLVANIA VALUE Mclosed-end fund	$0	–	-18,065	–	-0.14%	–
BGSXU	Exit	BUILD ACQUISITION CORPunit	$0	–	-20,000	–	-0.15%	–
NSTCU	Exit	NORTHERN STAR INVESTMENT IIIunit	$0	–	-22,219	–	-0.16%	–
	Exit	MOTIVE CAPITAL CORP IIunit	$0	–	-21,794	–	-0.16%	–
IPVAU	Exit	INTERPRIVATE II ACQUISITIONunit	$0	–	-22,786	–	-0.17%	–
BNY	Exit	BLACKROCK NEW YORK MUNI INCclosed-end fund	$0	–	-19,897	–	-0.17%	–
AFB	Exit	ALLIANCE NATIONAL MUNI INCclosed-end fund	$0	–	-20,822	–	-0.18%	–
	Exit	SOFTWARE ACQUISITION GROUP-A	$0	–	-25,000	–	-0.19%	–
CLBRU	Exit	COLOMBIER ACQUISITION CORPunit	$0	–	-26,966	–	-0.20%	–
AMPIU	Exit	ADVANCED MERGER PARTNERS INCunit	$0	–	-27,684	–	-0.20%	–
ALTU	Exit	ALTITUDE ACQUISITION CORP-A	$0	–	-28,286	–	-0.21%	–
NAC	Exit	NUVEEN CA QUAL MUNI INC FDclosed-end fund	$0	–	-25,000	–	-0.23%	–
	Exit	INVESTCORP INDIA ACQUISITIONunit	$0	–	-32,000	–	-0.24%	–
TLGAU	Exit	TLG ACQUISITION ONE CORPunit	$0	–	-46,180	–	-0.34%	–
	Exit	SABA CAPITAL INCOME & OPPORTclosed-end fund	$0	–	-58,619	–	-0.35%	–
SPE	Exit	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$0	–	-46,338	–	-0.44%	–
HYMB	Exit	SPDR NUVEEN BLOOMBERG HIGH Yetp	$0	–	-42,500	–	-1.64%	–
	Exit	INVESCO ROCHESTER NY MUNPL-Yopen-end fund	$0	–	-198,229	–	-2.26%	–
	Exit	NUVEEN HIGH YLD MUNI BND-Iopen-end fund	$0	–	-325,907	–	-3.83%	–

Q2 2022

			Value		Shares		↓ Weighting
MUB	New	ISHARES NATIONAL MUNI BOND Eetp	$8,539,000	–	79,909	–	6.36%	–
MMU	New	WESTERN ASSET MANAGED MUNICIclosed-end fund	$7,613,000	–	704,261	–	5.67%	–
	New	NUVEEN HIGH YLD MUNI BND-Iopen-end fund	$5,140,000	–	325,907	–	3.83%	–
BLE	New	BLACKROCK MUN INC TRUST IIclosed-end fund	$4,280,000	–	376,412	–	3.19%	–
HYD	New	VANECK HIGH YIELD MUNI ETFetp	$4,208,000	–	78,059	–	3.13%	–
MHI	New	PIONEER MUNI HIGH INC TRclosed-end fund	$4,191,000	–	439,300	–	3.12%	–
MVF	New	BLACKROCK MUNIVEST FUNDclosed-end fund	$3,843,000	–	507,622	–	2.86%	–
MAV	New	PIONEER MUNICIPAL HIGH INCclosed-end fund	$3,740,000	–	415,528	–	2.79%	–
KTF	New	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$3,536,000	–	364,929	–	2.63%	–
	New	INVESCO ROCHESTER NY MUNPL-Yopen-end fund	$3,037,000	–	198,229	–	2.26%	–
DMF	New	BNYM MUNICIPAL INCOMEclosed-end fund	$2,996,000	–	433,634	–	2.23%	–
NZF	New	NUVEEN MUNI CREDIT INC FDclosed-end fund	$2,962,000	–	229,144	–	2.21%	–
MFM	New	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$2,923,000	–	518,811	–	2.18%	–
NUO	New	NUVEEN OH QUAL MUNI INC FDclosed-end fund	$2,917,000	–	228,231	–	2.17%	–
LEO	New	BNYM STRAT MUNIclosed-end fund	$2,834,000	–	424,898	–	2.11%	–
MYD	New	BLACKROCK MUNIYIELD FUNDclosed-end fund	$2,670,000	–	235,838	–	1.99%	–
VTN	New	INVESCO TRUST FOR INVESTMENTclosed-end fund	$2,342,000	–	216,857	–	1.74%	–
HYMB	New	SPDR NUVEEN BLOOMBERG HIGH Yetp	$2,196,000	–	42,500	–	1.64%	–
	New	PIONEER MUNI HIGH INC OPPclosed-end fund	$2,091,000	–	171,189	–	1.56%	–
BFZ	New	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$2,084,000	–	184,282	–	1.55%	–
MNP	New	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$2,031,000	–	157,621	–	1.51%	–
CMU	New	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$1,968,000	–	580,587	–	1.47%	–
NBH	New	NEUBERGER BERMAN MUNICIPALclosed-end fund	$1,925,000	–	169,739	–	1.43%	–
NRK	New	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$1,915,000	–	172,458	–	1.43%	–
VMO	New	INVESCO MUNICIPAL OPPORTUNIclosed-end fund	$1,886,000	–	182,428	–	1.40%	–
MUI	New	BLACKROCK MUNICIPAL INCOME Fclosed-end fund	$1,533,000	–	125,512	–	1.14%	–
EVM	New	EATON VANCE CAL MUNI BONDclosed-end fund	$1,353,000	–	143,798	–	1.01%	–
VKQ	New	INVESCO MUNICIPAL TRUSTclosed-end fund	$1,226,000	–	119,299	–	0.91%	–
RFMZ	New	RIVERNORTH FLEX MUNI IIclosed-end fund	$1,139,000	–	77,217	–	0.85%	–
CXH	New	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$1,093,000	–	141,272	–	0.81%	–
BFK	New	BLACKROCK MUNICIPAL INC TRSTclosed-end fund	$868,000	–	79,511	–	0.65%	–
SBI	New	WESTERN ASSET INTERMEDIATEclosed-end fund	$850,000	–	105,201	–	0.63%	–
KSM	New	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$777,000	–	84,315	–	0.58%	–
CXE	New	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$755,000	–	192,411	–	0.56%	–
HIO	New	WESTERN ASSET HI INC OPPORTclosed-end fund	$739,000	–	186,892	–	0.55%	–
SDHY	New	PGIM SHRT DURAT HI YLDclosed-end fund	$682,000	–	44,597	–	0.51%	–
DHY	New	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$624,000	–	332,806	–	0.46%	–
SPE	New	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$590,000	–	46,338	–	0.44%	–
PAQC	New	PROVIDENT ACQUISITION CORP-A	$577,000	–	58,630	–	0.43%	–
DSM	New	BNYM STRAT MUNI BNDclosed-end fund	$562,000	–	87,847	–	0.42%	–
FMN	New	FEDERATED HERMES PREMIER MUNclosed-end fund	$549,000	–	48,189	–	0.41%	–
WDI	New	WESTERN ASSET DIVERS INCclosed-end fund	$545,000	–	40,150	–	0.41%	–
PHT	New	PIONEER HIGH INCOME FUNDclosed-end fund	$531,000	–	76,528	–	0.40%	–
DLY	New	DOUBLELINE YIELD OPPORTclosed-end fund	$516,000	–	36,168	–	0.38%	–
VGM	New	INVESCO TRUST FOR INVESTMENclosed-end fund	$510,000	–	47,952	–	0.38%	–
	New	SABA CAPITAL INCOME & OPPORTclosed-end fund	$466,000	–	58,619	–	0.35%	–
TLGAU	New	TLG ACQUISITION ONE CORPunit	$454,000	–	46,180	–	0.34%	–
NQP	New	NUVEEN PA QUAL MUNI INC FDclosed-end fund	$447,000	–	36,630	–	0.33%	–
GAMCU	New	GOLDEN ARROW MERGER CORPunit	$442,000	–	45,250	–	0.33%	–
RFM	New	RIVERNORTH FLEXIBLE MUNIclosed-end fund	$430,000	–	25,175	–	0.32%	–
BGX	New	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$428,000	–	37,455	–	0.32%	–
ISD	New	PGIM HIGH YIELD BOND FUNDclosed-end fund	$426,000	–	34,599	–	0.32%	–
NCZ	New	VIRTUS CONVERTIBLE & INCOMEclosed-end fund	$406,000	–	132,036	–	0.30%	–
FTEV	New	FINTECH EVOLUTION ACQUISIT-A	$367,000	–	37,398	–	0.27%	–
	New	LAKESHORE ACQUISITION I CO-A	$338,000	–	34,033	–	0.25%	–
SPAX	New	ROBINSON ALT YLD PREMERG SPetp	$335,000	–	16,350	–	0.25%	–
	New	CF ACQUISITION CORP VII-CL A	$333,000	–	33,685	–	0.25%	–
	New	RELATIVITY ACQUISITION COR-A	$332,000	–	33,000	–	0.25%	–
	New	ALSET CAPITAL ACQUISITI-CL A	$326,000	–	33,000	–	0.24%	–
	New	INVESTCORP INDIA ACQUISITIONunit	$321,000	–	32,000	–	0.24%	–
	New	WESTERN ACQUISITION VENTURES	$318,000	–	32,000	–	0.24%	–
	New	FG MERGER CORP	$318,000	–	32,000	–	0.24%	–
	New	AURORA TECHNOLOGY ACQUISI-A	$317,000	–	32,000	–	0.24%	–
	New	REDWOODS ACQUISITION CORP	$315,000	–	32,000	–	0.24%	–
NAC	New	NUVEEN CA QUAL MUNI INC FDclosed-end fund	$307,000	–	25,000	–	0.23%	–
KAIR	New	KAIROS ACQUISITION CORP-A	$306,000	–	31,049	–	0.23%	–
MSAC	New	MEDICUS SCIENCES ACQUISITI-A	$306,000	–	31,274	–	0.23%	–
	New	TRISTAR ACQUISITION I CORP-A	$302,000	–	30,724	–	0.22%	–
	New	KNIGHTSWAN ACQUISITION COR-A	$299,000	–	30,000	–	0.22%	–
	New	LIBERTY RESOURCES ACQUI-CL A	$300,000	–	30,000	–	0.22%	–
FINM	New	MARLIN TECHNOLOGY CORP-A	$294,000	–	29,846	–	0.22%	–
NSTD	New	NORTHERN STAR INVESTMENT -A	$290,000	–	29,576	–	0.22%	–
	New	OCEANTECH ACQUISITIONS- CL A	$289,000	–	28,646	–	0.22%	–
TWNI	New	TAILWIND INTERNATIONAL ACQ-A	$283,000	–	28,842	–	0.21%	–
ALTU	New	ALTITUDE ACQUISITION CORP-A	$281,000	–	28,286	–	0.21%	–
AFAQU	New	AF ACQUISITION CORPunit	$280,000	–	28,607	–	0.21%	–
TBSA	New	TB SA ACQUISITION CORP -A	$278,000	–	28,405	–	0.21%	–
	New	MOTIVE CAPITAL CORP II-CL A	$275,000	–	27,794	–	0.20%	–
AMPIU	New	ADVANCED MERGER PARTNERS INCunit	$272,000	–	27,684	–	0.20%	–
	New	LIONHEART III CORP -CLASS A	$267,000	–	26,730	–	0.20%	–
	New	AP ACQUISITION CORP-A	$264,000	–	26,309	–	0.20%	–
	New	AULT DISRUPTIVE TECHNOLOGIES	$264,000	–	26,447	–	0.20%	–
	New	BERENSON ACQUISITION CO-CL A	$264,000	–	27,004	–	0.20%	–
	New	BIOPLUS ACQUISITION CORP-A	$265,000	–	26,586	–	0.20%	–
	New	TARGET GLOBAL ACQUISITION -A	$264,000	–	26,570	–	0.20%	–
	New	SPREE ACQUISITION CORP 1 LTD	$264,000	–	26,482	–	0.20%	–
REVH	New	REVOLUTION HEALTHCARE ACQU-A	$263,000	–	26,893	–	0.20%	–
	New	SOUTHPORT ACQUISITION CORP	$263,000	–	26,449	–	0.20%	–
	New	PEARL HOLDINGS ACQUISITION-A	$263,000	–	26,482	–	0.20%	–
	New	HEALTHCARE AI ACQUISITION -A	$263,000	–	26,465	–	0.20%	–
	New	BURTECH ACQUISITION CORP-A	$263,000	–	26,482	–	0.20%	–
	New	EVE MOBILITY ACQUISITION C-A	$263,000	–	26,465	–	0.20%	–
	New	AHREN ACQUISITION CO-CLASS A	$263,000	–	26,465	–	0.20%	–
	New	SWIFTMERGE ACQUISITION COR-A	$262,000	–	26,658	–	0.20%	–
	New	JACKSON ACQUISITION CO-CL A	$262,000	–	26,552	–	0.20%	–
	New	REVELSTONE CAPITAL ACQUISI-A	$262,000	–	26,658	–	0.20%	–
CLBRU	New	COLOMBIER ACQUISITION CORPunit	$262,000	–	26,966	–	0.20%	–
HIII	New	HUDSON EXECUTIVE INVESTMEN-A	$261,000	–	26,648	–	0.19%	–
AEAC	New	AUTHENTIC EQUITY ACQUISITI-A	$259,000	–	26,319	–	0.19%	–
	New	C5 ACQUISITION CORP-A	$259,000	–	26,000	–	0.19%	–
	New	GARDINER HEALTHCARE ACQUIS	$258,000	–	26,000	–	0.19%	–
	New	PROOF ACQUISITION CORP I-A	$258,000	–	26,000	–	0.19%	–
	New	TRADEUP ACQUISITION CORPunit	$257,000	–	25,390	–	0.19%	–
	New	BLOCKCHAIN MOON ACQUISITION	$255,000	–	25,796	–	0.19%	–
	New	GIGCAPITAL5 INC	$251,000	–	25,000	–	0.19%	–
	New	SOFTWARE ACQUISITION GROUP-A	$250,000	–	25,000	–	0.19%	–
	New	ANDRETTI ACQUISITION CORP-A	$249,000	–	25,000	–	0.18%	–
	New	AROGO CAPITAL ACQUISITION -A	$249,000	–	25,000	–	0.18%	–
HIIIU	New	HUDSON EXECUTIV INV CORP IIIunit	$248,000	–	25,332	–	0.18%	–
SNRH	New	SENIOR CONNECT ACQUISITION-A	$246,000	–	25,000	–	0.18%	–
FLME	New	FLAME ACQUISITION CORP -CL A	$244,000	–	24,848	–	0.18%	–
BSKY	New	BIG SKY GROWTH PARTNERS IN-A	$244,000	–	25,000	–	0.18%	–
	New	FTAC EMERALD ACQUISITION -A	$245,000	–	25,000	–	0.18%	–
OHPAU	New	ORION ACQUISITION CORPunit	$243,000	–	24,815	–	0.18%	–
BYTS	New	BYTE ACQUISITION CORP - A	$243,000	–	24,786	–	0.18%	–
AFB	New	ALLIANCE NATIONAL MUNI INCclosed-end fund	$243,000	–	20,822	–	0.18%	–
PMGM	New	PRIVETERRA ACQUISITION COR-A	$241,000	–	24,626	–	0.18%	–
CLRM	New	CLARIM ACQUISITION CORP-CL A	$242,000	–	24,604	–	0.18%	–
GXII	New	GX ACQUISITION CORP II-A	$241,000	–	24,552	–	0.18%	–
MIT	New	MASON INDUSTRIAL TECHN-CL A	$241,000	–	24,700	–	0.18%	–
ANZU	New	ANZU SPECIAL ACQUISITION -A	$241,000	–	24,612	–	0.18%	–
PSAG	New	PROPERTY SOLUTIONS ACQUISI-A	$241,000	–	24,620	–	0.18%	–
ZWRK	New	Z-WORK ACQUISITION CORP-A	$242,000	–	24,594	–	0.18%	–
TLGA	New	TLG ACQUISITION ONE COR-CL A	$241,000	–	24,562	–	0.18%	–
NBST	New	NEWBURY STREET ACQUISITION C	$242,000	–	24,766	–	0.18%	–
GPAC	New	GLOBAL PARTNER ACQUISITION-A	$242,000	–	24,545	–	0.18%	–
FSNB	New	FUSION ACQUISITION CORP II-A	$241,000	–	24,584	–	0.18%	–
AFAQ	New	AF ACQUISITION CORP-CLASS A	$240,000	–	24,600	–	0.18%	–
DHBC	New	DHB CAPITAL CORP-CL A	$240,000	–	24,527	–	0.18%	–
IPVA	New	INTERPRIVATE II ACQU-CLASS A	$240,000	–	24,523	–	0.18%	–
OSI	New	OSIRIS ACQUISITION CORP-A	$240,000	–	24,635	–	0.18%	–
	New	RXR ACQUISITION CORP- CL A	$240,000	–	24,485	–	0.18%	–
TETC	New	TECH AND ENERGY TRANSITION-A	$240,000	–	24,573	–	0.18%	–
MYN	New	BLACKROCK MUNIYIELD NY QUALIclosed-end fund	$233,000	–	21,654	–	0.17%	–
BNY	New	BLACKROCK NEW YORK MUNI INCclosed-end fund	$225,000	–	19,897	–	0.17%	–
PUCK	New	GOAL ACQUISITIONS CORP	$224,000	–	22,951	–	0.17%	–
IPVAU	New	INTERPRIVATE II ACQUISITIONunit	$223,000	–	22,786	–	0.17%	–
	New	MOTIVE CAPITAL CORP IIunit	$219,000	–	21,794	–	0.16%	–
	New	GAMES & ESPORTS EXPERIENCE-A	$219,000	–	21,894	–	0.16%	–
NSTCU	New	NORTHERN STAR INVESTMENT IIIunit	$218,000	–	22,219	–	0.16%	–
CLBR	New	COLOMBIER ACQUISITION CORP-A	$217,000	–	22,372	–	0.16%	–
WPCB	New	WARBURG PINCUS CAPITAL I-B	$216,000	–	22,015	–	0.16%	–
DHF	New	BNYM HIGH YIELD STRATclosed-end fund	$211,000	–	94,686	–	0.16%	–
	New	ARBOR RAPHA CAPITAL BIOHOLDI	$205,000	–	20,348	–	0.15%	–
OEPW	New	ONE EQUITY PARTNERS OPEN-A	$202,000	–	20,512	–	0.15%	–
GPACU	New	GLOBAL PARTNER ACQUISITION Cunit	$197,000	–	20,000	–	0.15%	–
BGSXU	New	BUILD ACQUISITION CORPunit	$196,000	–	20,000	–	0.15%	–
FSRX	New	FINSERV ACQUISITION CORP-A	$196,000	–	20,000	–	0.15%	–
VPV	New	INVESCO PENNSYLVANIA VALUE Mclosed-end fund	$193,000	–	18,065	–	0.14%	–
BGSX	New	BUILD ACQUISITION CORP-A	$190,000	–	19,378	–	0.14%	–
NDMO	New	NUVEEN DYNAMIC MUNI OPPORTclosed-end fund	$181,000	–	15,924	–	0.14%	–
OHPA	New	ORION ACQUISITION CORP-CL A	$179,000	–	18,289	–	0.13%	–
	New	CRESCERA CAPITAL ACQUIS-CL A	$177,000	–	17,747	–	0.13%	–
NRACU	New	NOBLE ROCK ACQUISITION CORPunit	$175,000	–	17,750	–	0.13%	–
	New	BULLPEN PARLAY ACQUISITION-A	$175,000	–	17,582	–	0.13%	–
AACU	New	ARES ACQUISITION CORPunit	$175,000	–	17,750	–	0.13%	–
	New	ANTHEMIS DIGITAL ACQUISITION	$172,000	–	17,284	–	0.13%	–
	New	CRIXUS BH3 ACQUISITION CO-A	$171,000	–	17,295	–	0.13%	–
CVIIU	New	CHURCHILL CAPITAL CORP VIIunit	$169,000	–	17,250	–	0.13%	–
	New	AETHERIUM ACQUISITION CORP-A	$163,000	–	16,400	–	0.12%	–
	New	INFINT ACQUISITION CORP-A	$162,000	–	16,148	–	0.12%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$161,000	–	12,585	–	0.12%	–
NOAC	New	NATURAL ORDER ACQUISITION CO	$149,000	–	15,034	–	0.11%	–
	New	ROBINSON TAX ADVANT INC-INSTfund of funds	$126,000	–	14,979	–	0.09%	–
PTOCU	New	PINE TECHNOLOGY ACQUISITIONunit	$124,000	–	12,597	–	0.09%	–
FCAXU	New	FORTRESS CAPITAL ACQUISITIONunit	$115,000	–	11,659	–	0.09%	–
DISA	New	DISRUPTIVE ACQUISITION COR-A	$114,000	–	11,684	–	0.08%	–
BOAS	New	BOA ACQUISITION CORP-A	$114,000	–	11,603	–	0.08%	–
ROSS	New	ROSS ACQUISITION CORP II -A	$113,000	–	11,581	–	0.08%	–
	New	GLOBAL CONSUMER ACQUISITION	$111,000	–	11,024	–	0.08%	–
	New	BLACK MOUNTAIN ACQ CORPunit	$110,000	–	10,966	–	0.08%	–
PSF	New	COHEN & STEERS SELECT PREFERclosed-end fund	$102,000	–	5,001	–	0.08%	–
TWLV	New	TWELVE SEAS INVTMNT CO II -A	$100,000	–	10,164	–	0.07%	–
GAMC	New	GOLDEN ARROW MERGER CORP-A	$99,000	–	10,149	–	0.07%	–
	New	INDUSTRIAL TECH ACQUISITIONSunit	$100,000	–	10,000	–	0.07%	–
GLHA	New	GLASS HOUSES ACQUISITION COR	$94,000	–	9,596	–	0.07%	–
BITE	New	BITE ACQUISITION CORP	$94,000	–	9,572	–	0.07%	–
IBER	New	IBERE PHARMACEUTICALS-A	$94,000	–	9,557	–	0.07%	–
SSAA	New	SCIENCE STRATEGIC ACQUISIT-A	$93,000	–	9,518	–	0.07%	–
KAII	New	KISMET ACQUISITION TWO-CL A	$93,000	–	9,525	–	0.07%	–
DTF	New	DTF TAX-FREE INCOME 2028 TERclosed-end fund	$89,000	–	7,276	–	0.07%	–
JCIC	New	JACK CREEK INVESTMENT C-CL A	$88,000	–	8,923	–	0.07%	–
	New	TG VENTURE ACQUISITION CORP	$87,000	–	8,790	–	0.06%	–
	New	OXUS ACQUISITION CORP-A	$80,000	–	8,000	–	0.06%	–
IPVF	New	INTERPRIVATE III FINANCIAL-A	$66,000	–	6,715	–	0.05%	–
	New	PHOENIX BIOTECH ACQUISI-CL A	$65,000	–	6,530	–	0.05%	–
FSNBU	New	FUSION ACQUISITION CORP IIunit	$51,000	–	5,250	–	0.04%	–
	New	GIGCAPITAL5 INCunit	$50,000	–	5,000	–	0.04%	–
	New	10X CAPITAL VENTURE ACQUIS-A	$50,000	–	5,000	–	0.04%	–
	New	ARTEMIS STRATEGIC INVES-CL A	$46,000	–	4,604	–	0.03%	–
	New	BLACK MOUNTAIN ACQUISITION-A	$45,000	–	4,562	–	0.03%	–
	New	SCHULTZE SPECIAL PURPOSE-A	$46,000	–	4,658	–	0.03%	–
	New	PEPPERLIME HEALTH ACQ - A	$46,000	–	4,650	–	0.03%	–
	New	FORTUNE RISE ACQUISITION CORunit	$42,000	–	4,182	–	0.03%	–
DHBCU	New	DHB CAPITAL CORPunit	$36,000	–	3,626	–	0.03%	–
IWR	New	ISHARES RUSSELL MID-CAP ETFetp	$31,000	–	475	–	0.02%	–
CLRMU	New	CLARIM ACQUISITION CORPunit	$31,000	–	3,131	–	0.02%	–
IWB	New	ISHARES RUSSELL 1000 ETFetp	$27,000	–	125	–	0.02%	–
	New	ANTHEMIS DIGITAL ACQUISITIONunit	$25,000	–	2,534	–	0.02%	–
DTOCU	New	DIGITAL TRANSFORMATION OPPORunit	$25,000	–	2,569	–	0.02%	–
	New	BULLPEN PARLAY ACQUISITION Cunit	$26,000	–	2,582	–	0.02%	–
	New	CRIXUS BH3 ACQUISITION COunit	$25,000	–	2,540	–	0.02%	–
	New	TRAJECTORY ALPHA ACQUISITI-A	$26,000	–	2,600	–	0.02%	–
	New	BIOPLUS ACQUISITION CORPunit	$26,000	–	2,586	–	0.02%	–
FM	New	ISHR MSCI FRONT & SEL EM ETFetp	$23,000	–	850	–	0.02%	–
CONX	New	CONX CORP-CLASS A SHARES	$22,000	–	2,221	–	0.02%	–
	New	INFINT ACQUISITION CORPunit	$21,000	–	2,148	–	0.02%	–
STIP	New	ISHARES 0-5 YEAR TIPS BOND Eetp	$20,000	–	200	–	0.02%	–
	New	ACCRETION ACQUISITION CORP	$20,000	–	2,065	–	0.02%	–
	New	GAMES & ESPORTS EXPERIENCE Aunit	$19,000	–	1,894	–	0.01%	–
THCPU	New	THUNDER BRIDGE CAPITAL PARTNunit	$19,000	–	1,980	–	0.01%	–
	New	LEGATO MERGER CORP II	$18,000	–	1,782	–	0.01%	–
	New	LEGATO MERGER CORP IIunit	$18,000	–	1,782	–	0.01%	–
	New	CANNA-GLOBAL ACQUISITION CORunit	$18,000	–	1,776	–	0.01%	–
	New	FINNOVATE ACQUISITION CORPunit	$18,000	–	1,770	–	0.01%	–
	New	CANNA-GLOBAL ACQUISITIO-CL A	$18,000	–	1,776	–	0.01%	–
	New	ROTH CH ACQUISITION V CO.unit	$18,000	–	1,792	–	0.01%	–
	New	FINNOVATE ACQUISITION CORP-A	$18,000	–	1,770	–	0.01%	–
	New	ROTH CH ACQUISITION V CO	$18,000	–	1,792	–	0.01%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTclosed-end fund	$16,000	–	530	–	0.01%	–
	New	TG VENTURE ACQUISITION CORPunit	$16,000	–	1,590	–	0.01%	–
	New	OMNILIT ACQUISITION CORP-A	$15,000	–	1,500	–	0.01%	–
VTV	New	VANGUARD VALUE ETFetp	$13,000	–	100	–	0.01%	–
JRS	New	NUVEEN REAL EST INC FDclosed-end fund	$12,000	–	1,250	–	0.01%	–
EFV	New	ISHARES MSCI EAFE VALUE ETFetp	$11,000	–	250	–	0.01%	–
	New	THUNDER BRIDGE CAPITAL PAR-A	$10,000	–	990	–	0.01%	–
FRXBU	New	FOREST ROAD ACQUISITION CORPunit	$10,000	–	1,000	–	0.01%	–
	New	ARTEMIS STRATEGIC INVESTMENTunit	$10,000	–	972	–	0.01%	–
	New	SCHULTZE SPECIAL PURPOSE ACQunit	$9,000	–	886	–	0.01%	–
	New	PEPPERLIME HEALTH ACQUISITIOunit	$10,000	–	986	–	0.01%	–
	New	PHOENIX BIOTECH ACQUISITIONunit	$10,000	–	956	–	0.01%	–
	New	GLOBALINK INVESTMENT INC	$9,000	–	904	–	0.01%	–
KYN	New	KAYNE ANDERSON ENERGY INFRASclosed-end fund	$7,000	–	875	–	0.01%	–
	New	TRISTAR ACQUISITION I CORPunit	$7,000	–	682	–	0.01%	–
CEM	New	CLEARBRIDGE MLP & MIDSTREAMclosed-end fund	$6,000	–	200	–	0.00%	–
ASA	New	ASA GOLD AND PRECIOUS METALSclosed-end fund	$5,000	–	350	–	0.00%	–
PZA	New	INVESCO NATIONAL AMT-FREE MUetp	$5,000	–	200	–	0.00%	–
AVDV	New	AVANTIS INTL S/C VALUE ETFetp	$5,000	–	100	–	0.00%	–
	New	GARDINER HEALTHCARE -CW24equity wrt	$3,000	–	26,000	–	0.00%	–
	New	GESHER I ACQUISITION CORPunit	$3,000	–	300	–	0.00%	–
	New	INNOVATIVE INTERNATIONAL ACQunit	$3,000	–	300	–	0.00%	–
	New	OPY ACQUISITION CORP Iunit	$3,000	–	300	–	0.00%	–
	New	GRAYSCALE BITCOIN TRUST BTCopen-end fund	$3,000	–	250	–	0.00%	–
DISAU	New	DISRUPTIVE ACQUISITION CORPunit	$3,000	–	350	–	0.00%	–
NEA	New	NUVEEN AMT-FR QLTY MUNI INCclosed-end fund	$3,000	–	275	–	0.00%	–
	New	VISION SENSING ACQUISITION Cunit	$3,000	–	250	–	0.00%	–
	New	MOTIVE CAPITAL II CL A -23equity wrt	$2,000	–	9,264	–	0.00%	–
	New	JACKSON ACQUISITION A -CW28equity wrt	$2,000	–	13,276	–	0.00%	–
KIO	New	KKR INCOME OPPORTUNITIESclosed-end fund	$2,000	–	175	–	0.00%	–
	New	KNIGHTSWAN ACQUISITION A -28equity wrt	$2,000	–	15,000	–	0.00%	–
	New	GRAYSCALE LITECOIN TRUSTopen-end fund	$1,000	–	250	–	0.00%	–
	New	GRAYSCALE ETHEREUM TRUSTopen-end fund	$2,000	–	200	–	0.00%	–
GSEVU	New	GORES HOLDINGS VII INCunit	$2,000	–	250	–	0.00%	–
JQC	New	NUVEEN CREDIT STRAT INCMclosed-end fund	$1,000	–	200	–	0.00%	–
	New	GLOBAL CONSUMER ACQ -CW27equity wrt	$1,000	–	5,512	–	0.00%	–
PGRWU	New	PROGRESS ACQUISITION CORPunit	$2,000	–	250	–	0.00%	–
DOG	New	PROSHARES SHORT DOW30etp	$1,000	–	40	–	0.00%	–
RWM	New	PROSHARES SHORT RUSSELL2000etp	$1,000	–	40	–	0.00%	–
	New	PROOF ACQUISITION CORP -CW23equity wrt	$2,000	–	13,000	–	0.00%	–
FSRXW	New	FINSERV ACQUISITION CO-CW26equity wrt	$1,000	–	5,000	–	0.00%	–
	New	FTAC EMERALD ACQUISITI A -23equity wrt	$2,000	–	12,500	–	0.00%	–
	New	REVELSTONE CAPITAL ACQU -28equity wrt	$2,000	–	13,329	–	0.00%	–
	New	CRIXUS BH3 ACQUISITION -CW26equity wrt	$1,000	–	8,647	–	0.00%	–
CLBRWS	New	COLOMBIER ACQ CL A -CW28equity wrt	$1,000	–	7,457	–	0.00%	–
	New	SOUTHPORT ACQUISITION -CW23equity wrt	$1,000	–	13,224	–	0.00%	–
	New	TG VENTURE ACQUISITION -CW23equity wrt	$1,000	–	8,790	–	0.00%	–
TBCPU	New	THUNDER BRIDGE CAPITAL PARTNunit	$2,000	–	250	–	0.00%	–
NCV	New	VIRTUS CONVERTIBLE & INCOMEclosed-end fund	$1,000	–	300	–	0.00%	–
	New	C5 ACQUISITION CORP-A -28equity wrt	$2,000	–	13,000	–	0.00%	–
	New	CF ACQUISITION VII A -CW27equity wrt	$2,000	–	11,228	–	0.00%	–
	New	BURTECH ACQUISITION -CW23equity wrt	$2,000	–	26,482	–	0.00%	–
ZWRKU	New	Z-WORK ACQUISITION CORPunit	$2,000	–	250	–	0.00%	–
	New	AHREN ACQUISITION -CW23equity wrt	$2,000	–	13,232	–	0.00%	–
	New	ANTHEMIS DIGITAL ACQ -CW23equity wrt	$2,000	–	8,642	–	0.00%	–
	New	AP ACQUISITION CORP-A -23equity wrt	$2,000	–	13,154	–	0.00%	–
	New	BIOPLUS ACQUISITION -CW23equity wrt	$1,000	–	13,293	–	0.00%	–
	New	BULLPEN PARLAY ACQUISITI -26equity wrt	$1,000	–	8,791	–	0.00%	–
	New	BLACK MOUNTAIN ACQ -CW27equity wrt	$1,000	–	3,421	–	0.00%	–
	New	CRESCERA CAPITAL ACQ -CW23equity wrt	$1,000	–	8,873	–	0.00%	–
	New	ANDRETTI ACQ CORP -A -CW23equity wrt	$2,000	–	12,500	–	0.00%	–
DHCAU	New	DHC ACQUISITION CORPunit	$2,000	–	250	–	0.00%	–
	New	EVE MOBILITY ACQUISIT A -23equity wrt	$1,000	–	13,232	–	0.00%	–
	New	GAMES & ESPORTS EXPERIEN -23equity wrt	$1,000	–	10,947	–	0.00%	–
	New	AULT DISRUPTIVE TECH -CW23equity wrt	$1,000	–	19,835	–	0.00%	–
	New	HEALTHCARE AI ACQ -CW23equity wrt	$2,000	–	13,232	–	0.00%	–
	New	PEARL HOLDINGS ACQ -CW23equity wrt	$2,000	–	13,241	–	0.00%	–
ARRWU	New	ARROWROOT ACQUISITION CORPunit	$2,000	–	250	–	0.00%	–
LGACU	New	LAZARD GROWTH ACQUISITION COunit	$2,000	–	250	–	0.00%	–
	New	AROGO CAPITAL ACQ -CW23equity wrt	$1,000	–	25,000	–	0.00%	–
FINMU	New	MARLIN TECHNOLOGY CORPunit	$2,000	–	250	–	0.00%	–
ARDC	New	ARES DYNAMIC CREDIT ALLOCATIclosed-end fund	$1,000	–	75	–	0.00%	–
	New	ARBOR RAPHA CAPITAL -CW28equity wrt	$1,000	–	6,782	–	0.00%	–
	New	SWIFTMERGE ACQUISITION -CW23equity wrt	$1,000	–	13,329	–	0.00%	–
	New	OXUS ACQUISITION CORP -CW23equity wrt	$1,000	–	8,000	–	0.00%	–
	New	SPREE ACQUISITION 1 LTD -23equity wrt	$1,000	–	13,241	–	0.00%	–
	New	AETHERIUM ACQUISITION A -28equity wrt	$1,000	–	16,400	–	0.00%	–
	New	TARGET GLOBAL ACQ I -CW27equity wrt	$1,000	–	8,856	–	0.00%	–
TETCW	New	TECH AND ENERGY TRANSI -CW27equity wrt	$0	–	1,759	–	0.00%	–
TLGAWS	New	TLG ACQUISITION ONE A -CW28equity wrt	$0	–	1,630	–	0.00%	–
	New	1NFINT ACQUISITION CORP-CW27equity wrt	$0	–	8,074	–	0.00%	–
	New	SCHULTZE SPECIAL PURPO -CW28equity wrt	$0	–	2,329	–	0.00%	–
	New	ARTEMIS STRATEGIC INVES-CW23equity wrt	$0	–	2,302	–	0.00%	–
	New	ROTH CH ACQUISITION V -CW23equity wrt	$0	–	896	–	0.00%	–
DHBCW	New	DHB CAPITAL CORP-CL A -CW28equity wrt	$0	–	1,341	–	0.00%	–
RXRAW	New	RXR ACQUISITION CL A -CW26equity wrt	$0	–	1,021	–	0.00%	–
IPVAWS	New	INTERPRIVATE II ACQU -CW28equity wrt	$0	–	963	–	0.00%	–
TBSAW	New	TB SA ACQUISITION A -CW28equity wrt	$0	–	1,572	–	0.00%	–
	New	OMNILIT ACQUISITION CL A -23equity wrt	$0	–	750	–	0.00%	–
GAMCW	New	GOLDEN ARROW MERGER A -CW26equity wrt	$0	–	1,625	–	0.00%	–
	New	LEGATO MERGER CORP II -CW23equity wrt	$0	–	891	–	0.00%	–
NSTDWS	New	NORTHERN STAR INV CL A -CW27equity wrt	$0	–	1,686	–	0.00%	–
PSAGW	New	PROPERTY SOLUTIONS A -CW26equity wrt	$0	–	1,218	–	0.00%	–
PMGMW	New	PRIVETERRA ACQ CL A -CW27equity wrt	$0	–	1,627	–	0.00%	–
FSNBWS	New	FUSION ACQ II CL A -CW27equity wrt	$0	–	1,777	–	0.00%	–
	New	10X CAPITAL VENTURE AC -CW27equity wrt	$0	–	2,500	–	0.00%	–
GXIIW	New	GX ACQUISITION II A -CW28equity wrt	$0	–	1,726	–	0.00%	–
	New	PHOENIX BIOTECH ACQ -CW26equity wrt	$0	–	3,265	–	0.00%	–
AFAQW	New	AF ACQUISITION CORP -CW28equity wrt	$0	–	1,779	–	0.00%	–
OSIWS	New	OSIRIS ACQUISITION CORP-CW28equity wrt	$0	–	2,531	–	0.00%	–
	New	PEPPERLIME HEALTH ACQ -CW23equity wrt	$0	–	2,325	–	0.00%	–
	New	TRISTAR ACQ I CL A -CW28equity wrt	$0	–	2,323	–	0.00%	–
ANZUW	New	ANZU SPECIAL ACQ -CW27equity wrt	$0	–	1,730	–	0.00%	–
OHPAW	New	ORION ACQUISITION CL A -CW26equity wrt	$0	–	1,229	–	0.00%	–
ZWRKW	New	Z-WORK ACQ CL A -CW26equity wrt	$0	–	1,776	–	0.00%	–
BOASWS	New	BOA ACQUISITION CL A -CW28equity wrt	$0	–	1,348	–	0.00%	–
BGSXWS	New	BUILD ACQUIS CORP -A -CW26equity wrt	$0	–	1,773	–	0.00%	–
GPACW	New	GLOBAL PARTNER ACQ A -CW27equity wrt	$0	–	841	–	0.00%	–
	New	CANNA-GLOBAL ACQUISIT -CW23equity wrt	$0	–	1,776	–	0.00%	–
FTEVWS	New	FINTECH EVOLUTION ACQ -CW28equity wrt	$0	–	1,736	–	0.00%	–
TWLVW	New	TWELVE SEAS INV II A -CW28equity wrt	$0	–	1,601	–	0.00%	–
	New	FINNOVATE ACQUISITION -CW23equity wrt	$0	–	1,327	–	0.00%	–
	New	TRAJECTORY ALPHA ACQ A -CW27equity wrt	$0	–	1,300	–	0.00%	–
ROSSWS	New	ROSS ACQUISITION CORP -CW26equity wrt	$0	–	1,342	–	0.00%	–
OEPWW	New	ONE EQUITY PARTNERS A -CW27equity wrt	$0	–	1,596	–	0.00%	–
CLRMW	New	CLARIM ACQ CL A -CW27equity wrt	$0	–	1,581	–	0.00%	–
HIIIW	New	HUDSON EXECUTIVE INV A -CW28equity wrt	$0	–	456	–	0.00%	–
	New	THUNDER BRIDGE CAPITAL-CWequity wrt	$0	–	198	–	0.00%	–

Q4 2021

			Value		Shares		↓ Weighting
BOASWS	Exit	BOA ACQUISITION CL A -CW28equity wrt	$0	–	-1,348	–	-0.00%	–
IPVAWS	Exit	INTERPRIVATE II ACQU -CW28equity wrt	$0	–	-807	–	-0.00%	–
ANZUW	Exit	ANZU SPECIAL ACQ -CW27equity wrt	$0	–	-1,346	–	-0.00%	–
GAMCW	Exit	GOLDEN ARROW MERGER A -CW26equity wrt	$0	–	-1,346	–	-0.00%	–
ACAHW	Exit	ATLANTIC COASTAL ACQ A -CW27equity wrt	$0	–	-1,340	–	-0.00%	–
GPACW	Exit	GLOBAL PARTNER ACQ A -CW27equity wrt	$0	–	-673	–	-0.00%	–
DHBCW	Exit	DHB CAPITAL CORP-CL A -CW28equity wrt	$0	–	-1,341	–	-0.00%	–
CFVIW	Exit	CF ACQUISITION VI CL A -CW28equity wrt	$0	–	-1,008	–	-0.00%	–
FSNBWS	Exit	FUSION ACQ II CL A -CW27equity wrt	$0	–	-1,339	–	-0.00%	–
ADEXWS	Exit	ADIT EDTECH ACQ -CW27equity wrt	$0	–	-2,012	–	-0.00%	–
DOG	Exit	PROSHARES SHORT DOW30etp	$0	–	-40	–	-0.00%	–
CLRMW	Exit	CLARIM ACQ CL A -CW27equity wrt	$0	–	-1,344	–	-0.00%	–
CPTKWS	Exit	CROWN PROPTECH ACQ A -CW27equity wrt	$0	–	-1,347	–	-0.00%	–
IPVFWS	Exit	INTERPRIVATE III FIN A -CW27equity wrt	$0	–	-804	–	-0.00%	–
RWM	Exit	PROSHARES SHORT RUSSELL2000etp	$0	–	-40	–	-0.00%	–
BGSXWS	Exit	BUILD ACQUIS CORP -A -CW26equity wrt	$0	–	-1,347	–	-0.00%	–
FTEVWS	Exit	FINTECH EVOLUTION ACQ -CW28equity wrt	$0	–	-1,343	–	-0.00%	–
GXIIW	Exit	GX ACQUISITION II A -CW28equity wrt	$0	–	-1,342	–	-0.00%	–
AFAQW	Exit	AF ACQUISITION CORP -CW28equity wrt	$0	–	-1,338	–	-0.00%	–
ZWRKU	Exit	Z-WORK ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
TBCPU	Exit	THUNDER BRIDGE CAPITAL PARTNunit	$0	–	-250	–	-0.00%	–
CONX	Exit	CONX CORP-CLASS A SHARES	$0	–	-200	–	-0.00%	–
KYN	Exit	KAYNE ANDERSON ENERGY INFRASclosed-end fund	$0	–	-200	–	-0.00%	–
GHY	Exit	PGIM GLOBAL HIGH YIELD FUNDclosed-end fund	$0	–	-200	–	-0.00%	–
JRO	Exit	NUVEEN FLT RATE INC OPP FDclosed-end fund	$0	–	-350	–	-0.00%	–
NCV	Exit	VIRTUS ALLIANZGI CN & INCclosed-end fund	$0	–	-425	–	-0.00%	–
SHYD	Exit	VANECK SH HI YLD MUNIetp	$0	–	-165	–	-0.00%	–
FMB	Exit	FIRST TRUST MANAGED MUNICIPAetp	$0	–	-100	–	-0.01%	–
ISVL	Exit	ISHARES INTERNATIONAL DEVELOetp	$0	–	-200	–	-0.01%	–
RMT	Exit	ROYCE MICRO-CAP TRUST INCclosed-end fund	$0	–	-600	–	-0.01%	–
FM	Exit	ISHR MSCI FRONT & SEL EM ETFetp	$0	–	-200	–	-0.01%	–
VTWV	Exit	VANGUARD RUSSELL 2000 VALUEetp	$0	–	-50	–	-0.01%	–
PZA	Exit	INVESCO NATIONAL AMT-FREE MUetp	$0	–	-458	–	-0.01%	–
IWR	Exit	ISHARES RUSSELL MID-CAP ETFetp	$0	–	-200	–	-0.01%	–
SRV	Exit	CUSHING MLP & INFRASTRUCTUREclosed-end fund	$0	–	-500	–	-0.01%	–
EFV	Exit	ISHARES MSCI EAFE VALUE ETFetp	$0	–	-400	–	-0.02%	–
VTV	Exit	VANGUARD VALUE ETFetp	$0	–	-150	–	-0.02%	–
DUNE	Exit	DUNE ACQUISITION CORP-CL A	$0	–	-2,544	–	-0.02%	–
VSS	Exit	VANGUARD FTSE ALL WO X-US SCetp	$0	–	-200	–	-0.02%	–
VB	Exit	VANGUARD SMALL-CAP ETFetp	$0	–	-125	–	-0.02%	–
	Exit	GLOBAL CONSUMER ACQUISITION	$0	–	-3,200	–	-0.03%	–
VWO	Exit	VANGUARD FTSE EMERGING MARKEetp	$0	–	-700	–	-0.03%	–
MACQ	Exit	MCAP ACQUISITION CORP-A	$0	–	-4,024	–	-0.04%	–
IWB	Exit	ISHARES RUSSELL 1000 ETFetp	$0	–	-220	–	-0.05%	–
SSAA	Exit	SCIENCE STRATEGIC ACQUISIT-A	$0	–	-6,349	–	-0.06%	–
DSAC	Exit	DUDDELL STREET ACQUISITION-A	$0	–	-6,335	–	-0.06%	–
KAII	Exit	KISMET ACQUISITION TWO-CL A	$0	–	-6,363	–	-0.06%	–
BITE	Exit	BITE ACQUISITION CORP	$0	–	-6,377	–	-0.06%	–
TWNI	Exit	TAILWIND INTERNATIONAL ACQ-A	$0	–	-6,370	–	-0.06%	–
GLHA	Exit	GLASS HOUSES ACQUISITION COR	$0	–	-6,391	–	-0.06%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$0	–	-4,593	–	-0.06%	–
KWAC	Exit	KINGSWOOD ACQUISITION CORP-A	$0	–	-7,178	–	-0.06%	–
STIP	Exit	ISHARES 0-5 YEAR TIPS BOND Eetp	$0	–	-800	–	-0.08%	–
TIP	Exit	ISHARES TIPS BOND ETFetp	$0	–	-675	–	-0.08%	–
	Exit	RXR ACQUISITION CORP- CL A	$0	–	-10,312	–	-0.09%	–
BGSX	Exit	BUILD ACQUISITION CORP-A	$0	–	-10,384	–	-0.09%	–
PMGM	Exit	PRIVETERRA ACQUISITION COR-A	$0	–	-10,408	–	-0.09%	–
GPAC	Exit	GLOBAL PARTNER ACQUISITION-A	$0	–	-10,367	–	-0.09%	–
ANZU	Exit	ANZU SPECIAL ACQUISITION -A	$0	–	-10,410	–	-0.09%	–
ACAH	Exit	ATLANTIC COASTAL ACQUISITI-A	$0	–	-10,392	–	-0.09%	–
ADEX	Exit	ADIT EDTECH ACQUISITION	$0	–	-10,359	–	-0.09%	–
CFVI	Exit	CF ACQUISITION CORP VI-CLS A	$0	–	-10,355	–	-0.09%	–
NSTD	Exit	NORTHERN STAR INVESTMENT -A	$0	–	-10,348	–	-0.09%	–
DHBC	Exit	DHB CAPITAL CORP-CL A	$0	–	-10,365	–	-0.09%	–
OHPA	Exit	ORION ACQUISITION CORP-CL A	$0	–	-10,402	–	-0.09%	–
IPVA	Exit	INTERPRIVATE II ACQU-CLASS A	$0	–	-10,365	–	-0.09%	–
FSNB	Exit	FUSION ACQUISITION CORP II-A	$0	–	-10,381	–	-0.09%	–
GAMC	Exit	GOLDEN ARROW MERGER CORP-A	$0	–	-10,378	–	-0.09%	–
PSAG	Exit	PROPERTY SOLUTIONS ACQUISI-A	$0	–	-10,410	–	-0.09%	–
OEPW	Exit	ONE EQUITY PARTNERS OPEN-A	$0	–	-10,403	–	-0.09%	–
TETC	Exit	TECH AND ENERGY TRANSITION-A	$0	–	-10,382	–	-0.09%	–
AFAQ	Exit	AF ACQUISITION CORP-CLASS A	$0	–	-10,392	–	-0.09%	–
RCLF	Exit	ROSECLIFF ACQUISITION CORP-A	$0	–	-10,399	–	-0.09%	–
GXII	Exit	GX ACQUISITION CORP II-A	$0	–	-10,377	–	-0.09%	–
TWLV	Exit	TWELVE SEAS INVTMNT CO II -A	$0	–	-10,406	–	-0.09%	–
ZWRK	Exit	Z-WORK ACQUISITION CORP-A	$0	–	-10,386	–	-0.09%	–
BOAS	Exit	BOA ACQUISITION CORP-A	$0	–	-10,402	–	-0.09%	–
SBEA	Exit	SILVERBOX ENGAGED MERGER C-A	$0	–	-10,377	–	-0.09%	–
ROSS	Exit	ROSS ACQUISITION CORP II -A	$0	–	-10,382	–	-0.09%	–
DISA	Exit	DISRUPTIVE ACQUISITION COR-A	$0	–	-10,483	–	-0.09%	–
CPTK	Exit	CROWN PROPTECH ACQUISITION-A	$0	–	-10,412	–	-0.09%	–
TWNT	Exit	TAILWIND TWO ACQUISITION-A	$0	–	-10,512	–	-0.09%	–
TLGA	Exit	TLG ACQUISITION ONE COR-CL A	$0	–	-10,394	–	-0.09%	–
CLRM	Exit	CLARIM ACQUISITION CORP-CL A	$0	–	-10,395	–	-0.09%	–
PUCK	Exit	GOAL ACQUISITIONS CORP	$0	–	-10,517	–	-0.09%	–
TBSA	Exit	TB SA ACQUISITION CORP -A	$0	–	-10,401	–	-0.09%	–
OSI	Exit	OSIRIS ACQUISITION CORP-A	$0	–	-10,431	–	-0.09%	–
BYTSU	Exit	BYTE ACQUISITION CORP - A	$0	–	-10,526	–	-0.09%	–
IPVF	Exit	INTERPRIVATE III FINANCIAL-A	$0	–	-10,352	–	-0.09%	–
NBST	Exit	NEWBURY STREET ACQUISITION C	$0	–	-11,718	–	-0.10%	–
JCIC	Exit	JACK CREEK INVESTMENT C-CL A	$0	–	-14,217	–	-0.12%	–
RFM	Exit	RIVERNORTH FLEXIBLE MUNIclosed-end fund	$0	–	-6,406	–	-0.13%	–
NSL	Exit	NUVEEN SENIOR INCOME FUNDclosed-end fund	$0	–	-26,699	–	-0.14%	–
IBER	Exit	IBERE PHARMACEUTICALS-A	$0	–	-16,533	–	-0.14%	–
BTAQ	Exit	BURGUNDY TECHNOLOGY ACQUIS-A	$0	–	-16,362	–	-0.15%	–
KAIR	Exit	KAIROS ACQUISITION CORP-A	$0	–	-16,832	–	-0.15%	–
HUGSU	Exit	USHG ACQUISITION CORPunit	$0	–	-17,250	–	-0.15%	–
BRW	Exit	SABA CAPITAL INCOME & OPPORTclosed-end fund	$0	–	-38,488	–	-0.16%	–
	Exit	MOUNTAIN CREST ACQ CORP IV	$0	–	-19,900	–	-0.17%	–
VT	Exit	VANGUARD TOT WORLD STK ETFetp	$0	–	-2,000	–	-0.18%	–
BAB	Exit	INVESCO TAXABLE MUNICIPAL BOetp	$0	–	-6,300	–	-0.18%	–
QLTA	Exit	ISHARES AAA - A RATED CORPORetp	$0	–	-3,700	–	-0.19%	–
FINM	Exit	MARLIN TECHNOLOGY CORP-A	$0	–	-22,710	–	-0.20%	–
	Exit	BLUE SAFARI GROUP ACQUISIT-A	$0	–	-25,000	–	-0.22%	–
	Exit	GOLDEN PATH ACQUISITION CORP	$0	–	-25,000	–	-0.22%	–
HYB	Exit	NEW AMERICA HIGH INCOME FUNDclosed-end fund	$0	–	-26,357	–	-0.22%	–
	Exit	TRADEUP ACQUISITION CORPunit	$0	–	-25,390	–	-0.23%	–
FTEV	Exit	FINTECH EVOLUTION ACQUISIT-A	$0	–	-28,636	–	-0.25%	–
	Exit	OCEANTECH ACQUISITIONS- CL A	$0	–	-28,646	–	-0.25%	–
KTF	Exit	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$0	–	-25,000	–	-0.27%	–
HCCC	Exit	HEALTHCARE CAPITAL CORP-CL A	$0	–	-30,421	–	-0.27%	–
JRS	Exit	NUVEEN REAL EST INC FDclosed-end fund	$0	–	-28,474	–	-0.27%	–
MSAC	Exit	MEDICUS SCIENCES ACQUISITI-A	$0	–	-31,412	–	-0.27%	–
ALTU	Exit	ALTITUDE ACQUISITION CORP-A	$0	–	-31,279	–	-0.28%	–
VFL	Exit	DELAWARE INV NATL MUNI INC Fclosed-end fund	$0	–	-23,383	–	-0.30%	–
PNI	Exit	PIMCO NEW YORK MUNICIPAL IIclosed-end fund	$0	–	-29,322	–	-0.30%	–
MIY	Exit	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$0	–	-22,516	–	-0.31%	–
THCPU	Exit	THUNDER BRIDGE CAPITAL PARTNunit	$0	–	-35,305	–	-0.31%	–
SPAX	Exit	ROBINSON ALT YLD PREMERG SPetp	$0	–	-17,560	–	-0.31%	–
DLY	Exit	DOUBLELINE YIELD OPPORTclosed-end fund	$0	–	-18,735	–	-0.32%	–
FLME	Exit	FLAME ACQUISITION CORP -CL A	$0	–	-38,758	–	-0.34%	–
	Exit	LAKESHORE ACQUISITION I CO-A	$0	–	-39,409	–	-0.35%	–
PAQC	Exit	PROVIDENT ACQUISITION CORP-A	$0	–	-41,349	–	-0.36%	–
JNK	Exit	SPDR BBG BARC HIGH YIELD BNDetp	$0	–	-3,900	–	-0.38%	–
MFM	Exit	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$0	–	-65,368	–	-0.41%	–
AFT	Exit	APOLLO SENIOR FLOATING RATEclosed-end fund	$0	–	-35,226	–	-0.50%	–
HIO	Exit	WESTERN ASSET HI INC OPPORTclosed-end fund	$0	–	-108,339	–	-0.50%	–
BFZ	Exit	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$0	–	-47,521	–	-0.63%	–
AIF	Exit	APOLLO TACTICAL INCOME FUNDclosed-end fund	$0	–	-46,972	–	-0.66%	–
CEV	Exit	EATON VANCE CA MUNI INC TRSTclosed-end fund	$0	–	-56,632	–	-0.69%	–
AIO	Exit	VIRTUS ALLIANZGI ART INTELclosed-end fund	$0	–	-30,000	–	-0.72%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNIclosed-end fund	$0	–	-102,058	–	-0.80%	–
BGB	Exit	BLACKSTONE STRATEGIC CREDITclosed-end fund	$0	–	-65,839	–	-0.82%	–
NCZ	Exit	VIRTUS ALLIANZGI CN & INC IIclosed-end fund	$0	–	-187,145	–	-0.87%	–
SBI	Exit	WESTERN ASSET INTERMEDIATEclosed-end fund	$0	–	-105,201	–	-0.92%	–
DHY	Exit	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$0	–	-419,806	–	-0.93%	–
EIM	Exit	EATON VANCE MUNICIPAL BOND Fclosed-end fund	$0	–	-79,846	–	-0.96%	–
ISD	Exit	PGIM HIGH YIELD BOND FUNDclosed-end fund	$0	–	-68,854	–	-1.00%	–
DSM	Exit	BNYM STRAT MUNI BNDclosed-end fund	$0	–	-141,199	–	-1.01%	–
DSL	Exit	DOUBLELINE INCOME SOLUTIONSclosed-end fund	$0	–	-64,200	–	-1.02%	–
MUB	Exit	ISHARES NATIONAL MUNI BOND Eetp	$0	–	-10,107	–	-1.05%	–
SPE	Exit	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$0	–	-77,385	–	-1.06%	–
NMCO	Exit	NUVEEN MUNICIPAL CREDIT OPPclosed-end fund	$0	–	-79,864	–	-1.08%	–
MYD	Exit	BLACKROCK MUNIYIELD FUNDclosed-end fund	$0	–	-93,249	–	-1.24%	–
BGX	Exit	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$0	–	-94,770	–	-1.29%	–
CXE	Exit	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$0	–	-275,912	–	-1.30%	–
CXH	Exit	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$0	–	-145,806	–	-1.30%	–
NQP	Exit	NUVEEN PA QUAL MUNI INC FDclosed-end fund	$0	–	-102,736	–	-1.36%	–
KSM	Exit	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$0	–	-125,266	–	-1.38%	–
NRK	Exit	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$0	–	-144,770	–	-1.79%	–
MVF	Exit	BLACKROCK MUNIVEST FUNDclosed-end fund	$0	–	-245,419	–	-2.08%	–
MAV	Exit	PIONEER MUNICIPAL HIGH INCOMclosed-end fund	$0	–	-203,612	–	-2.11%	–
MYC	Exit	BLACKROCK MUNIYIELD CALI FDclosed-end fund	$0	–	-161,818	–	-2.20%	–
DTF	Exit	DTF TAX-FREE INCOME INCclosed-end fund	$0	–	-176,363	–	-2.28%	–
VTN	Exit	INVESCO TRUST FOR INVESTMENTclosed-end fund	$0	–	-193,703	–	-2.34%	–
MNP	Exit	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$0	–	-167,676	–	-2.35%	–
MHD	Exit	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$0	–	-176,224	–	-2.58%	–
MYI	Exit	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$0	–	-199,933	–	-2.62%	–
CMU	Exit	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$0	–	-652,231	–	-2.68%	–
RMI	Exit	RIVERNORTH OPPORT MUNI INCclosed-end fund	$0	–	-162,702	–	-3.36%	–
MHI	Exit	PIONEER MUNICIPAL HIGH INCOMclosed-end fund	$0	–	-334,120	–	-3.62%	–
MFL	Exit	BLACKROCK MUNIHOLDINGS QUALIclosed-end fund	$0	–	-282,286	–	-3.66%	–
NUO	Exit	NUVEEN OH QUAL MUNI INC FDclosed-end fund	$0	–	-271,993	–	-3.85%	–
NXJ	Exit	NUVEEN NJ QUAL MUNI INC FDclosed-end fund	$0	–	-305,263	–	-4.21%	–
HYMB	Exit	SPDR NUVEEN BLOOMBERG BAR HYetp	$0	–	-112,500	–	-6.03%	–
HYD	Exit	VANECK HIGH YIELD MUNI ETFetp	$0	–	-139,570	–	-7.80%	–
MMU	Exit	WESTERN ASSET MANAGED MUNICIclosed-end fund	$0	–	-723,507	–	-8.63%	–

Q3 2021

			Value		Shares		↓ Weighting
MMU	Sell	WESTERN ASSET MANAGED MUNICIclosed-end fund	$9,652,000	-7.8%	723,507	-6.7%	8.63%	+51.7%
HYD	Sell	VANECK HIGH YIELD MUNI ETFetp	$8,720,000	-9.4%	139,570	-8.0%	7.80%	+49.1%
HYMB	Buy	SPDR NUVEEN BLOOMBERG BAR HYetp	$6,744,000	+9.1%	112,500	+10.2%	6.03%	+79.5%
NXJ	Sell	NUVEEN NJ QUAL MUNI INC FDclosed-end fund	$4,710,000	-18.9%	305,263	-17.9%	4.21%	+33.4%
MFL	Sell	BLACKROCK MUNIHOLDINGS QUALIclosed-end fund	$4,099,000	-28.3%	282,286	-27.0%	3.66%	+18.1%
MHI	Buy	PIONEER MUNICIPAL HIGH INCOMclosed-end fund	$4,053,000	+285.6%	334,120	+313.7%	3.62%	+534.7%
RMI	Sell	RIVERNORTH OPPORT MUNI INCclosed-end fund	$3,762,000	-2.0%	162,702	-0.8%	3.36%	+61.2%
CMU	Buy	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$2,994,000	+43.8%	652,231	+48.2%	2.68%	+136.7%
MYI	Sell	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$2,935,000	-51.5%	199,933	-50.8%	2.62%	-20.2%
MHD	Sell	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$2,885,000	-59.1%	176,224	-57.8%	2.58%	-32.8%
DTF	Buy	DTF TAX-FREE INCOME INCclosed-end fund	$2,548,000	+40.2%	176,363	+45.7%	2.28%	+130.6%
MAV	New	PIONEER MUNICIPAL HIGH INCOMclosed-end fund	$2,362,000	–	203,612	–	2.11%	–
MVF	Sell	BLACKROCK MUNIVEST FUNDclosed-end fund	$2,324,000	-27.4%	245,419	-25.9%	2.08%	+19.5%
NRK	Buy	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$2,002,000	+12.9%	144,770	+16.0%	1.79%	+85.9%
KSM	Buy	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$1,540,000	+43.9%	125,266	+47.4%	1.38%	+137.0%
NQP	Sell	NUVEEN PA QUAL MUNI INC FDclosed-end fund	$1,519,000	-9.2%	102,736	-7.2%	1.36%	+49.4%
CXE	Buy	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$1,451,000	+182.3%	275,912	+184.4%	1.30%	+364.9%
BGX	Sell	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$1,438,000	-2.6%	94,770	-2.3%	1.29%	+60.3%
MYD	Sell	BLACKROCK MUNIYIELD FUNDclosed-end fund	$1,385,000	-74.7%	93,249	-74.1%	1.24%	-58.3%
NMCO	Sell	NUVEEN MUNICIPAL CREDIT OPPclosed-end fund	$1,207,000	-77.4%	79,864	-76.6%	1.08%	-62.8%
SPE	Sell	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$1,189,000	-15.3%	77,385	-16.5%	1.06%	+39.3%
MUB	Sell	ISHARES NATIONAL MUNI BOND Eetp	$1,174,000	-60.1%	10,107	-59.7%	1.05%	-34.3%
DSM	Sell	BNYM STRAT MUNI BNDclosed-end fund	$1,127,000	-76.8%	141,199	-76.1%	1.01%	-61.8%
ISD	Sell	PGIM HIGH YIELD BOND FUNDclosed-end fund	$1,118,000	-17.5%	68,854	-16.8%	1.00%	+35.9%
EIM	Sell	EATON VANCE MUNICIPAL BOND Fclosed-end fund	$1,068,000	-67.7%	79,846	-66.9%	0.96%	-46.9%
DHY	Sell	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$1,037,000	-24.1%	419,806	-21.5%	0.93%	+24.9%
SBI	Buy	WESTERN ASSET INTERMEDIATEclosed-end fund	$1,026,000	+0.5%	105,201	+0.2%	0.92%	+65.2%
BGB	Sell	BLACKSTONE STRATEGIC CREDITclosed-end fund	$912,000	-37.9%	65,839	-37.4%	0.82%	+2.1%
EAD	Sell	WELLS FARGO INCOME OPPORTUNIclosed-end fund	$898,000	-35.1%	102,058	-34.9%	0.80%	+6.8%
CEV	Sell	EATON VANCE CA MUNI INC TRSTclosed-end fund	$771,000	-33.4%	56,632	-31.8%	0.69%	+9.5%
AIF	Sell	APOLLO TACTICAL INCOME FUNDclosed-end fund	$743,000	-35.0%	46,972	-36.0%	0.66%	+6.9%
BFZ	Buy	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$701,000	+33.5%	47,521	+35.8%	0.63%	+120.0%
HIO	Sell	WESTERN ASSET HI INC OPPORTclosed-end fund	$562,000	-1.9%	108,339	-0.3%	0.50%	+61.4%
AFT	Sell	APOLLO SENIOR FLOATING RATEclosed-end fund	$557,000	-38.1%	35,226	-38.1%	0.50%	+1.8%
MFM	New	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$457,000	–	65,368	–	0.41%	–
JNK	Sell	SPDR BBG BARC HIGH YIELD BNDetp	$427,000	-61.1%	3,900	-61.0%	0.38%	-36.0%
PAQC	New	PROVIDENT ACQUISITION CORP-A	$403,000	–	41,349	–	0.36%	–
	New	LAKESHORE ACQUISITION I CO-A	$387,000	–	39,409	–	0.35%	–
FLME	Buy	FLAME ACQUISITION CORP -CL A	$377,000	+1156.7%	38,758	+1149.5%	0.34%	+2006.2%
DLY	Sell	DOUBLELINE YIELD OPPORTclosed-end fund	$358,000	-65.5%	18,735	-63.7%	0.32%	-43.2%
SPAX	Buy	ROBINSON ALT YLD PREMERG SPetp	$350,000	+148.2%	17,560	+150.9%	0.31%	+306.5%
THCPU	New	THUNDER BRIDGE CAPITAL PARTNunit	$348,000	–	35,305	–	0.31%	–
MIY	Sell	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$348,000	-78.1%	22,516	-78.1%	0.31%	-64.0%
PNI	Sell	PIMCO NEW YORK MUNICIPAL IIclosed-end fund	$341,000	-85.6%	29,322	-85.1%	0.30%	-76.3%
ALTU	New	ALTITUDE ACQUISITION CORP-A	$308,000	–	31,279	–	0.28%	–
MSAC	New	MEDICUS SCIENCES ACQUISITI-A	$306,000	–	31,412	–	0.27%	–
JRS	Buy	NUVEEN REAL EST INC FDclosed-end fund	$302,000	-2.3%	28,474	+2.7%	0.27%	+60.7%
HCCC	Buy	HEALTHCARE CAPITAL CORP-CL A	$300,000	+900.0%	30,421	+883.5%	0.27%	+1575.0%
KTF	New	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$298,000	–	25,000	–	0.27%	–
	New	OCEANTECH ACQUISITIONS- CL A	$284,000	–	28,646	–	0.25%	–
FTEV	New	FINTECH EVOLUTION ACQUISIT-A	$277,000	–	28,636	–	0.25%	–
	New	TRADEUP ACQUISITION CORPunit	$258,000	–	25,390	–	0.23%	–
HYB	Sell	NEW AMERICA HIGH INCOME FUNDclosed-end fund	$252,000	-80.7%	26,357	-81.1%	0.22%	-68.2%
	New	BLUE SAFARI GROUP ACQUISIT-A	$248,000	–	25,000	–	0.22%	–
	New	GOLDEN PATH ACQUISITION CORP	$248,000	–	25,000	–	0.22%	–
FINM	Buy	MARLIN TECHNOLOGY CORP-A	$222,000	+382.6%	22,710	+383.5%	0.20%	+692.0%
QLTA	Sell	ISHARES AAA - A RATED CORPORetp	$208,000	-2.3%	3,700	-1.3%	0.19%	+60.3%
BAB	Sell	INVESCO TAXABLE MUNICIPAL BOetp	$207,000	-2.8%	6,300	-2.3%	0.18%	+59.5%
VT	Sell	VANGUARD TOT WORLD STK ETFetp	$204,000	-12.8%	2,000	-11.1%	0.18%	+43.3%
	New	MOUNTAIN CREST ACQ CORP IV	$193,000	–	19,900	–	0.17%	–
BRW	New	SABA CAPITAL INCOME & OPPORTclosed-end fund	$175,000	–	38,488	–	0.16%	–
KAIR	Buy	KAIROS ACQUISITION CORP-A	$163,000	+443.3%	16,832	+446.8%	0.15%	+812.5%
BTAQ	New	BURGUNDY TECHNOLOGY ACQUIS-A	$163,000	–	16,362	–	0.15%	–
IBER	New	IBERE PHARMACEUTICALS-A	$160,000	–	16,533	–	0.14%	–
NSL	Sell	NUVEEN SENIOR INCOME FUNDclosed-end fund	$156,000	-58.8%	26,699	-58.6%	0.14%	-32.5%
RFM	New	RIVERNORTH FLEXIBLE MUNIclosed-end fund	$150,000	–	6,406	–	0.13%	–
JCIC	New	JACK CREEK INVESTMENT C-CL A	$139,000	–	14,217	–	0.12%	–
NBST	Buy	NEWBURY STREET ACQUISITION C	$114,000	+280.0%	11,718	+278.1%	0.10%	+537.5%
IPVF	New	INTERPRIVATE III FINANCIAL-A	$103,000	–	10,352	–	0.09%	–
CLRM	New	CLARIM ACQUISITION CORP-CL A	$102,000	–	10,395	–	0.09%	–
PUCK	Buy	GOAL ACQUISITIONS CORP	$102,000	+240.0%	10,517	+239.0%	0.09%	+468.8%
OSI	New	OSIRIS ACQUISITION CORP-A	$102,000	–	10,431	–	0.09%	–
TLGA	New	TLG ACQUISITION ONE COR-CL A	$102,000	–	10,394	–	0.09%	–
BYTSU	Buy	BYTE ACQUISITION CORP - A	$102,000	+240.0%	10,526	+240.3%	0.09%	+468.8%
CPTK	New	CROWN PROPTECH ACQUISITION-A	$102,000	–	10,412	–	0.09%	–
DISA	Buy	DISRUPTIVE ACQUISITION COR-A	$102,000	+240.0%	10,483	+238.6%	0.09%	+468.8%
TBSA	New	TB SA ACQUISITION CORP -A	$102,000	–	10,401	–	0.09%	–
TWNT	Buy	TAILWIND TWO ACQUISITION-A	$102,000	+240.0%	10,512	+239.9%	0.09%	+468.8%
DHBC	New	DHB CAPITAL CORP-CL A	$101,000	–	10,365	–	0.09%	–
IPVA	New	INTERPRIVATE II ACQU-CLASS A	$101,000	–	10,365	–	0.09%	–
NSTD	New	NORTHERN STAR INVESTMENT -A	$101,000	–	10,348	–	0.09%	–
SBEA	New	SILVERBOX ENGAGED MERGER C-A	$101,000	–	10,377	–	0.09%	–
FSNB	New	FUSION ACQUISITION CORP II-A	$101,000	–	10,381	–	0.09%	–
TETC	New	TECH AND ENERGY TRANSITION-A	$101,000	–	10,382	–	0.09%	–
OHPA	New	ORION ACQUISITION CORP-CL A	$101,000	–	10,402	–	0.09%	–
GAMC	New	GOLDEN ARROW MERGER CORP-A	$101,000	–	10,378	–	0.09%	–
OEPW	New	ONE EQUITY PARTNERS OPEN-A	$101,000	–	10,403	–	0.09%	–
ROSS	New	ROSS ACQUISITION CORP II -A	$101,000	–	10,382	–	0.09%	–
ADEX	New	ADIT EDTECH ACQUISITION	$101,000	–	10,359	–	0.09%	–
PMGM	New	PRIVETERRA ACQUISITION COR-A	$101,000	–	10,408	–	0.09%	–
ANZU	New	ANZU SPECIAL ACQUISITION -A	$101,000	–	10,410	–	0.09%	–
PSAG	New	PROPERTY SOLUTIONS ACQUISI-A	$101,000	–	10,410	–	0.09%	–
ACAH	New	ATLANTIC COASTAL ACQUISITI-A	$101,000	–	10,392	–	0.09%	–
BOAS	New	BOA ACQUISITION CORP-A	$101,000	–	10,402	–	0.09%	–
GPAC	New	GLOBAL PARTNER ACQUISITION-A	$101,000	–	10,367	–	0.09%	–
BGSX	New	BUILD ACQUISITION CORP-A	$101,000	–	10,384	–	0.09%	–
RCLF	New	ROSECLIFF ACQUISITION CORP-A	$101,000	–	10,399	–	0.09%	–
ZWRK	New	Z-WORK ACQUISITION CORP-A	$101,000	–	10,386	–	0.09%	–
CFVI	New	CF ACQUISITION CORP VI-CLS A	$101,000	–	10,355	–	0.09%	–
GXII	New	GX ACQUISITION CORP II-A	$101,000	–	10,377	–	0.09%	–
AFAQ	New	AF ACQUISITION CORP-CLASS A	$101,000	–	10,392	–	0.09%	–
TWLV	New	TWELVE SEAS INVTMNT CO II -A	$101,000	–	10,406	–	0.09%	–
	New	RXR ACQUISITION CORP- CL A	$100,000	–	10,312	–	0.09%	–
TIP	Sell	ISHARES TIPS BOND ETFetp	$86,000	-3.4%	675	-3.6%	0.08%	+60.4%
STIP	New	ISHARES 0-5 YEAR TIPS BOND Eetp	$85,000	–	800	–	0.08%	–
KWAC	New	KINGSWOOD ACQUISITION CORP-A	$72,000	–	7,178	–	0.06%	–
GLHA	New	GLASS HOUSES ACQUISITION COR	$63,000	–	6,391	–	0.06%	–
DSAC	New	DUDDELL STREET ACQUISITION-A	$62,000	–	6,335	–	0.06%	–
SSAA	New	SCIENCE STRATEGIC ACQUISIT-A	$62,000	–	6,349	–	0.06%	–
KAII	New	KISMET ACQUISITION TWO-CL A	$62,000	–	6,363	–	0.06%	–
TWNI	New	TAILWIND INTERNATIONAL ACQ-A	$62,000	–	6,370	–	0.06%	–
BITE	New	BITE ACQUISITION CORP	$62,000	–	6,377	–	0.06%	–
IWB	New	ISHARES RUSSELL 1000 ETFetp	$53,000	–	220	–	0.05%	–
MACQ	New	MCAP ACQUISITION CORP-A	$40,000	–	4,024	–	0.04%	–
VWO	Sell	VANGUARD FTSE EMERGING MARKEetp	$35,000	-50.0%	700	-46.2%	0.03%	-18.4%
	New	GLOBAL CONSUMER ACQUISITION	$32,000	–	3,200	–	0.03%	–
VSS	Sell	VANGUARD FTSE ALL WO X-US SCetp	$27,000	-34.1%	200	-33.3%	0.02%	+9.1%
DUNE	New	DUNE ACQUISITION CORP-CL A	$25,000	–	2,544	–	0.02%	–
EFV	Sell	ISHARES MSCI EAFE VALUE ETFetp	$20,000	-25.9%	400	-23.8%	0.02%	+20.0%
VTV	Sell	VANGUARD VALUE ETFetp	$20,000	-28.6%	150	-25.0%	0.02%	+20.0%
IWR	Sell	ISHARES RUSSELL MID-CAP ETFetp	$16,000	-42.9%	200	-42.9%	0.01%	-6.7%
SRV	New	CUSHING MLP & INFRASTRUCTUREclosed-end fund	$16,000	–	500	–	0.01%	–
ISVL	Sell	ISHARES INTERNATIONAL DEVELOetp	$7,000	-50.0%	200	-50.0%	0.01%	-25.0%
FM	New	ISHR MSCI FRONT & SEL EM ETFetp	$7,000	–	200	–	0.01%	–
RMT	Sell	ROYCE MICRO-CAP TRUST INCclosed-end fund	$7,000	-75.9%	600	-73.9%	0.01%	-62.5%
VTWV	Sell	VANGUARD RUSSELL 2000 VALUEetp	$7,000	-53.3%	50	-50.0%	0.01%	-25.0%
JRO	Sell	NUVEEN FLT RATE INC OPP FDclosed-end fund	$3,000	-99.6%	350	-99.6%	0.00%	-99.3%
ZWRKU	Sell	Z-WORK ACQUISITION CORPunit	$2,000	-93.8%	250	-92.3%	0.00%	-88.2%
BGSXWS	New	BUILD ACQUIS CORP -A -CW26equity wrt	$1,000	–	1,347	–	0.00%	–
CLRMW	New	CLARIM ACQ CL A -CW27equity wrt	$1,000	–	1,344	–	0.00%	–
FSNBWS	New	FUSION ACQ II CL A -CW27equity wrt	$1,000	–	1,339	–	0.00%	–
CFVIW	New	CF ACQUISITION VI CL A -CW28equity wrt	$1,000	–	1,008	–	0.00%	–
GXIIW	New	GX ACQUISITION II A -CW28equity wrt	$1,000	–	1,342	–	0.00%	–
DHBCW	New	DHB CAPITAL CORP-CL A -CW28equity wrt	$1,000	–	1,341	–	0.00%	–
CPTKWS	New	CROWN PROPTECH ACQ A -CW27equity wrt	$1,000	–	1,347	–	0.00%	–
GPACW	New	GLOBAL PARTNER ACQ A -CW27equity wrt	$1,000	–	673	–	0.00%	–
BOASWS	New	BOA ACQUISITION CL A -CW28equity wrt	$1,000	–	1,348	–	0.00%	–
FTEVWS	New	FINTECH EVOLUTION ACQ -CW28equity wrt	$1,000	–	1,343	–	0.00%	–
ACAHW	New	ATLANTIC COASTAL ACQ A -CW27equity wrt	$1,000	–	1,340	–	0.00%	–
ANZUW	New	ANZU SPECIAL ACQ -CW27equity wrt	$1,000	–	1,346	–	0.00%	–
ADEXWS	New	ADIT EDTECH ACQ -CW27equity wrt	$1,000	–	2,012	–	0.00%	–
AFAQW	New	AF ACQUISITION CORP -CW28equity wrt	$1,000	–	1,338	–	0.00%	–
IPVFWS	New	INTERPRIVATE III FIN A -CW27equity wrt	$1,000	–	804	–	0.00%	–
GAMCW	New	GOLDEN ARROW MERGER A -CW26equity wrt	$1,000	–	1,346	–	0.00%	–
IPVAWS	New	INTERPRIVATE II ACQU -CW28equity wrt	$1,000	–	807	–	0.00%	–
SH	Exit	PROSHARES SHORT S&P500etp	$0	–	-70	–	-0.00%	–
FMO	Exit	FIDUCIARY/CLAYM ENRGY INFRAclosed-end fund	$0	–	-100	–	-0.00%	–
TYG	Exit	TORTOISE ENERGY INFRASTRUCTclosed-end fund	$0	–	-30	–	-0.00%	–
ARRWU	Exit	ARROWROOT ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
VTA	Exit	INVESCO DYNAMIC CREDIT OPPclosed-end fund	$0	–	-250	–	-0.00%	–
GSEVU	Exit	GORES HOLDINGS VII INCunit	$0	–	-250	–	-0.00%	–
DHCAU	Exit	DHC ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
QFTAU	Exit	QUANTUM FINTECH ACQUISITIONunit	$0	–	-250	–	-0.00%	–
PGRWU	Exit	PROGRESS ACQUISITION CORPunit	$0	–	-250	–	-0.00%	–
FINMU	Exit	MARLIN TECHNOLOGY CORPunit	$0	–	-250	–	-0.00%	–
LGACU	Exit	LAZARD GROWTH ACQUISITION COunit	$0	–	-250	–	-0.00%	–
FRXBU	Exit	FOREST ROAD ACQUISITION CORPunit	$0	–	-1,000	–	-0.01%	–
LOKMU	Exit	LIVE OAK MOBILITY ACQUISITIOunit	$0	–	-1,000	–	-0.01%	–
	Exit	CENTER COAST BROOKFIELD MLPclosed-end fund	$0	–	-850	–	-0.01%	–
OEPWU	Exit	ONE EQUITY PARTNERS OPEN WATunit	$0	–	-3,000	–	-0.02%	–
RCLFU	Exit	ROSECLIFF ACQUISITION CORP Iunit	$0	–	-3,015	–	-0.02%	–
CFVIU	Exit	CF ACQUISITION CORP VIunit	$0	–	-3,006	–	-0.02%	–
IPVFU	Exit	INTERPRIVATE III FINANCIALunit	$0	–	-3,000	–	-0.02%	–
DHBCU	Exit	DHB CAPITAL CORPunit	$0	–	-3,000	–	-0.02%	–
ADEXU	Exit	ADIT EDTECH ACQUISITION CORPunit	$0	–	-3,000	–	-0.02%	–
NSTDU	Exit	NORTHERN STAR INVESTMENT CORunit	$0	–	-3,006	–	-0.02%	–
BOASU	Exit	BOA ACQUISITION CORPunit	$0	–	-3,018	–	-0.02%	–
BGSXU	Exit	BUILD ACQUISITION CORPunit	$0	–	-3,012	–	-0.02%	–
AFAQU	Exit	AF ACQUISITION CORPunit	$0	–	-2,994	–	-0.02%	–
GACQU	Exit	GLOBAL CONSUMER ACQUISITIONunit	$0	–	-3,003	–	-0.02%	–
ROSSU	Exit	ROSS ACQUISITION CORP IIunit	$0	–	-3,003	–	-0.02%	–
OSIU	Exit	OSIRIS ACQUISITION CORPunit	$0	–	-3,021	–	-0.02%	–
ATHN	Exit	ATHENA TECHNOLOGY ACQUISIT-A	$0	–	-3,090	–	-0.02%	–
CLBRU	Exit	COLOMBIER ACQUISITION CORPunit	$0	–	-3,015	–	-0.02%	–
VELOU	Exit	VELOCITY ACQUISITION CORPunit	$0	–	-3,015	–	-0.02%	–
FTEVU	Exit	FINTECH EVOLUTION ACQUISITIOunit	$0	–	-3,003	–	-0.02%	–
TBSAU	Exit	TB SA ACQUISITION CORPunit	$0	–	-3,000	–	-0.02%	–
PSAGU	Exit	PROPERTY SOLUTIONS ACQUISITIunit	$0	–	-3,003	–	-0.02%	–
ACAHU	Exit	ATLANTIC COASTAL ACQUISITIONunit	$0	–	-3,000	–	-0.02%	–
GLBLU	Exit	CARTESIAN GROWTH CORPunit	$0	–	-3,003	–	-0.02%	–
CPTKU	Exit	CROWN PROPTECH ACQUISITIONSunit	$0	–	-3,012	–	-0.02%	–
MACQU	Exit	MCAP ACQUISITION CORPunit	$0	–	-3,000	–	-0.02%	–
TETCU	Exit	TECH AND ENERGY TRANSITIONunit	$0	–	-3,003	–	-0.02%	–
AMPIU	Exit	ADVANCED MERGER PARTNERS INCunit	$0	–	-2,914	–	-0.02%	–
CLRMU	Exit	CLARIM ACQUISITION CORPunit	$0	–	-3,006	–	-0.02%	–
ANZUU	Exit	ANZU SPECIAL ACQUISITION CORunit	$0	–	-3,012	–	-0.02%	–
PMGMU	Exit	PRIVETERRA ACQUISITION CORPunit	$0	–	-3,006	–	-0.02%	–
GXIIU	Exit	GX ACQUISITION CORP IIunit	$0	–	-3,003	–	-0.02%	–
TWLVU	Exit	TWELVE SEAS INVESTMENT CO IIunit	$0	–	-3,015	–	-0.02%	–
SBEAU	Exit	SILVERBOX ENGAGED MERGER CORunit	$0	–	-2,991	–	-0.02%	–
EJFAU	Exit	EJF ACQUISITION CORPunit	$0	–	-3,256	–	-0.02%	–
IPVAU	Exit	INTERPRIVATE II ACQUISITIONunit	$0	–	-3,209	–	-0.02%	–
THMAU	Exit	THIMBLE POINT ACQUISITION COunit	$0	–	-2,997	–	-0.02%	–
RXRAU	Exit	RXR ACQUISITION CORPunit	$0	–	-4,012	–	-0.02%	–
VGIT	Exit	VANGUARD INTERMEDIATE-TERM Tetp	$0	–	-750	–	-0.03%	–
FSNBU	Exit	FUSION ACQUISITION CORP IIunit	$0	–	-8,244	–	-0.04%	–
FRSGU	Exit	FIRST RESERVE SUSTAINABLEunit	$0	–	-10,000	–	-0.05%	–
ACV	Exit	VIRTUS ALLIANZGI DIV & INCclosed-end fund	$0	–	-3,105	–	-0.06%	–
FCAXU	Exit	FORTRESS CAPITAL ACQUISITIONunit	$0	–	-11,659	–	-0.06%	–
MBB	Exit	ISHARES MBS ETFetp	$0	–	-1,300	–	-0.08%	–
PHT	Exit	PIONEER HIGH INCOME FUND INCclosed-end fund	$0	–	-15,657	–	-0.08%	–
GIGGU	Exit	GIGCAPITAL4 INCunit	$0	–	-16,044	–	-0.09%	–
CVIIU	Exit	CHURCHILL CAPITAL CORP VIIunit	$0	–	-17,250	–	-0.09%	–
CFFVU	Exit	CF ACQUISITION CORP Vunit	$0	–	-17,250	–	-0.10%	–
NRACU	Exit	NOBLE ROCK ACQUISITION CORPunit	$0	–	-17,750	–	-0.10%	–
AACU	Exit	ARES ACQUISITION CORPunit	$0	–	-17,750	–	-0.10%	–
MBACU	Exit	M3-BRIGADE ACQUISITION II COunit	$0	–	-20,503	–	-0.11%	–
NSTCU	Exit	NORTHERN STAR INVESTMENT IIIunit	$0	–	-22,219	–	-0.12%	–
GPACU	Exit	GLOBAL PARTNER ACQUISITION Cunit	$0	–	-23,009	–	-0.12%	–
TLGAU	Exit	TLG ACQUISITION ONE CORPunit	$0	–	-24,195	–	-0.13%	–
OHPAU	Exit	ORION ACQUISITION CORPunit	$0	–	-27,833	–	-0.15%	–
PTOCU	Exit	PINE TECHNOLOGY ACQUISITIONunit	$0	–	-30,803	–	-0.17%	–
GAMCU	Exit	GOLDEN ARROW MERGER CORPunit	$0	–	-48,015	–	-0.26%	–
BWG	Exit	BRANDYWINEGLOBAL GLOBAL INCOclosed-end fund	$0	–	-42,601	–	-0.29%	–
KIO	Exit	KKR INCOME OPPORTUNITIESclosed-end fund	$0	–	-39,176	–	-0.36%	–
RMM	Exit	RIVERNORTH MANAGED DURATIONclosed-end fund	$0	–	-44,141	–	-0.49%	–
MVT	Exit	BLACKROCK MUNIVEST FUND IIclosed-end fund	$0	–	-59,471	–	-0.50%	–
BGT	Exit	BLACKROCK FLT RT INCclosed-end fund	$0	–	-74,947	–	-0.52%	–
MCA	Exit	BLACKROCK MUNIYIELD CA QUALIclosed-end fund	$0	–	-65,381	–	-0.56%	–
NKX	Exit	NUVEEN CA AMT-FR MUNI INC FDclosed-end fund	$0	–	-66,871	–	-0.59%	–
BTA	Exit	BLACKROCK LNG-TM MUN ADV TSTclosed-end fund	$0	–	-88,029	–	-0.65%	–
LEO	Exit	BNYM STRAT MUNIclosed-end fund	$0	–	-145,667	–	-0.71%	–
DMF	Exit	BNYM MUNICIPAL INCOMEclosed-end fund	$0	–	-170,986	–	-0.86%	–
PCK	Exit	PIMCO CALIFORNIA MUNICIPA IIclosed-end fund	$0	–	-167,176	–	-0.88%	–
NEA	Exit	NUVEEN AMT-FR QU MUNI INC FDclosed-end fund	$0	–	-160,532	–	-1.36%	–
	Exit	VANGUARD H/Y TAX EXMPT-INVopen-end fund	$0	–	-534,371	–	-3.53%	–
	Exit	NUVEEN ALL AMERICAN MUNI-Iopen-end fund	$0	–	-525,194	–	-3.55%	–
	Exit	INVESCO ROCHESTER NY MUNPL-Yopen-end fund	$0	–	-369,006	–	-3.55%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$0	–	-403,502	–	-3.69%	–
	Exit	NUVEEN HIGH YLD MUNI BND-Iopen-end fund	$0	–	-383,866	–	-3.86%	–

Q2 2021

			Value		Shares		↓ Weighting
MMU	New	WESTERN ASSET MANAGED MUNICIclosed-end fund	$10,472,000	–	775,142	–	5.69%	–
HYD	New	VANECK VECTORS HY MUNI ETFetp	$9,621,000	–	151,770	–	5.23%	–
	New	NUVEEN HIGH YLD MUNI BND-Iopen-end fund	$7,109,000	–	383,866	–	3.86%	–
MHD	New	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$7,060,000	–	417,277	–	3.84%	–
MQY	New	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$6,786,000	–	403,502	–	3.69%	–
	New	INVESCO ROCHESTER NY MUNPL-Yopen-end fund	$6,539,000	–	369,006	–	3.55%	–
	New	NUVEEN ALL AMERICAN MUNI-Iopen-end fund	$6,533,000	–	525,194	–	3.55%	–
	New	VANGUARD H/Y TAX EXMPT-INVopen-end fund	$6,498,000	–	534,371	–	3.53%	–
HYMB	New	SPDR NUVEEN BLOOMBERG H/Y Metp	$6,181,000	–	102,056	–	3.36%	–
MYI	New	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$6,054,000	–	406,436	–	3.29%	–
NXJ	New	NUVEEN NJ QUAL MUNI INC FDclosed-end fund	$5,811,000	–	371,794	–	3.16%	–
MFL	New	BLACKROCK MUNIHOLDINGS QUALIclosed-end fund	$5,713,000	–	386,545	–	3.10%	–
MYD	New	BLACKROCK MUNIYIELD FUNDclosed-end fund	$5,469,000	–	359,736	–	2.97%	–
NMCO	New	NUVEEN MUNICIPAL CREDIT OPPclosed-end fund	$5,333,000	–	341,561	–	2.90%	–
DSM	New	BNYM STRAT MUNI BNDclosed-end fund	$4,854,000	–	591,264	–	2.64%	–
NUO	New	NUVEEN OH QUAL MUNI INC FDclosed-end fund	$4,477,000	–	271,993	–	2.43%	–
RMI	New	RIVERNORTH OPPORT MUNI INCclosed-end fund	$3,839,000	–	163,990	–	2.09%	–
EIM	New	EATON VANCE MUNICIPAL BOND Fclosed-end fund	$3,310,000	–	241,524	–	1.80%	–
MVF	New	BLACKROCK MUNIVEST FUNDclosed-end fund	$3,200,000	–	331,292	–	1.74%	–
MUB	New	ISHARES NATIONAL MUNI BOND Eetp	$2,939,000	–	25,107	–	1.60%	–
MNP	New	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$2,762,000	–	167,676	–	1.50%	–
VTN	New	INVESCO TRUST FOR INVESTMENTclosed-end fund	$2,708,000	–	193,703	–	1.47%	–
NEA	New	NUVEEN AMT-FR QU MUNI INC FDclosed-end fund	$2,509,000	–	160,532	–	1.36%	–
MYC	New	BLACKROCK MUNIYIELD CALI FDclosed-end fund	$2,492,000	–	161,818	–	1.35%	–
PNI	New	PIMCO NEW YORK MUNICIPAL IIclosed-end fund	$2,369,000	–	197,422	–	1.29%	–
CMU	New	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$2,082,000	–	440,099	–	1.13%	–
DTF	New	DTF TAX-FREE INCOME INCclosed-end fund	$1,818,000	–	121,015	–	0.99%	–
NRK	New	NUVEEN NY AMT-FR MUNI INC FDclosed-end fund	$1,773,000	–	124,770	–	0.96%	–
NQP	New	NUVEEN PA QUAL MUNI INC FDclosed-end fund	$1,673,000	–	110,736	–	0.91%	–
PCK	New	PIMCO CALIFORNIA MUNICIPA IIclosed-end fund	$1,617,000	–	167,176	–	0.88%	–
MIY	New	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$1,590,000	–	102,794	–	0.86%	–
DMF	New	BNYM MUNICIPAL INCOMEclosed-end fund	$1,586,000	–	170,986	–	0.86%	–
CXH	New	MFS INVESTMENT GRADE MUNICIPclosed-end fund	$1,503,000	–	145,806	–	0.82%	–
BGX	New	BLACKSTONE LONG-SHORT CREDITclosed-end fund	$1,476,000	–	96,970	–	0.80%	–
BGB	New	BLACKSTONE STRATEGIC CREDITclosed-end fund	$1,468,000	–	105,171	–	0.80%	–
SPE	New	SPECIAL OPPORTUNITIES FUNDclosed-end fund	$1,404,000	–	92,650	–	0.76%	–
EAD	New	WELLS FARGO INCOME OPPORTUNIclosed-end fund	$1,384,000	–	156,653	–	0.75%	–
DHY	New	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$1,366,000	–	534,806	–	0.74%	–
ISD	New	PGIM HIGH YIELD BOND FUNDclosed-end fund	$1,355,000	–	82,775	–	0.74%	–
LEO	New	BNYM STRAT MUNIclosed-end fund	$1,311,000	–	145,667	–	0.71%	–
HYB	New	NEW AMERICA HIGH INCOME FUNDclosed-end fund	$1,303,000	–	139,350	–	0.71%	–
BTA	New	BLACKROCK LNG-TM MUN ADV TSTclosed-end fund	$1,196,000	–	88,029	–	0.65%	–
DSL	New	DOUBLELINE INCOME SOLUTIONSclosed-end fund	$1,166,000	–	64,200	–	0.63%	–
CEV	New	EATON VANCE CA MUNI INC TRSTclosed-end fund	$1,158,000	–	83,070	–	0.63%	–
AIF	New	APOLLO TACTICAL INCOME FUNDclosed-end fund	$1,143,000	–	73,337	–	0.62%	–
JNK	New	SPDR BBG BARC HIGH YIELD BNDetp	$1,098,000	–	10,000	–	0.60%	–
NKX	New	NUVEEN CA AMT-FR MUNI INC FDclosed-end fund	$1,091,000	–	66,871	–	0.59%	–
KSM	New	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$1,070,000	–	84,984	–	0.58%	–
MHI	New	PIONEER MUNICIPAL HIGH INCOMclosed-end fund	$1,051,000	–	80,758	–	0.57%	–
DLY	New	DOUBLELINE YIELD OPPORTclosed-end fund	$1,037,000	–	51,674	–	0.56%	–
MCA	New	BLACKROCK MUNIYIELD CA QUALIclosed-end fund	$1,025,000	–	65,381	–	0.56%	–
SBI	New	WESTERN ASSET INTERMEDIATEclosed-end fund	$1,021,000	–	105,000	–	0.56%	–
NCZ	New	VIRTUS ALLIANZGI CN & INC IIclosed-end fund	$1,013,000	–	187,145	–	0.55%	–
BGT	New	BLACKROCK FLT RT INCclosed-end fund	$965,000	–	74,947	–	0.52%	–
MVT	New	BLACKROCK MUNIVEST FUND IIclosed-end fund	$928,000	–	59,471	–	0.50%	–
AFT	New	APOLLO SENIOR FLOATING RATEclosed-end fund	$900,000	–	56,936	–	0.49%	–
RMM	New	RIVERNORTH MANAGED DURATIONclosed-end fund	$895,000	–	44,141	–	0.49%	–
AIO	New	VIRTUS ALLIANZGI ART INTELclosed-end fund	$835,000	–	30,000	–	0.45%	–
JRO	New	NUVEEN FLT RATE INC OPP FDclosed-end fund	$830,000	–	84,781	–	0.45%	–
KIO	New	KKR INCOME OPPORTUNITIESclosed-end fund	$654,000	–	39,176	–	0.36%	–
HIO	New	WESTERN ASSET HI INC OPPORTclosed-end fund	$573,000	–	108,639	–	0.31%	–
BWG	New	BRANDYWINEGLOBAL GLOBAL INCOclosed-end fund	$538,000	–	42,601	–	0.29%	–
BFZ	New	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$525,000	–	35,000	–	0.28%	–
CXE	New	MFS HIGH INCOME MUNICIPAL TRclosed-end fund	$514,000	–	97,018	–	0.28%	–
GAMCU	New	GOLDEN ARROW MERGER CORPunit	$478,000	–	48,015	–	0.26%	–
NSL	New	NUVEEN SENIOR INCOME FUNDclosed-end fund	$379,000	–	64,455	–	0.21%	–
VFL	New	DELAWARE INV NATL MUNI INC Fclosed-end fund	$330,000	–	23,383	–	0.18%	–
JRS	New	NUVEEN REAL EST INC FDclosed-end fund	$309,000	–	27,724	–	0.17%	–
PTOCU	New	PINE TECHNOLOGY ACQUISITIONunit	$306,000	–	30,803	–	0.17%	–
OHPAU	New	ORION ACQUISITION CORPunit	$276,000	–	27,833	–	0.15%	–
TLGAU	New	TLG ACQUISITION ONE CORPunit	$240,000	–	24,195	–	0.13%	–
VT	New	VANGUARD TOT WORLD STK ETFetp	$234,000	–	2,250	–	0.13%	–
GPACU	New	GLOBAL PARTNER ACQUISITION Cunit	$228,000	–	23,009	–	0.12%	–
NSTCU	New	NORTHERN STAR INVESTMENT IIIunit	$221,000	–	22,219	–	0.12%	–
QLTA	New	ISHARES AAA - A RATED CORPORetp	$213,000	–	3,750	–	0.12%	–
BAB	New	INVESCO TAXABLE MUNICIPAL BOetp	$213,000	–	6,450	–	0.12%	–
MBACU	New	M3-BRIGADE ACQUISITION II COunit	$207,000	–	20,503	–	0.11%	–
AACU	New	ARES ACQUISITION CORPunit	$178,000	–	17,750	–	0.10%	–
NRACU	New	NOBLE ROCK ACQUISITION CORPunit	$177,000	–	17,750	–	0.10%	–
CFFVU	New	CF ACQUISITION CORP Vunit	$176,000	–	17,250	–	0.10%	–
HUGSU	New	USHG ACQUISITION CORPunit	$175,000	–	17,250	–	0.10%	–
CVIIU	New	CHURCHILL CAPITAL CORP VIIunit	$173,000	–	17,250	–	0.09%	–
GIGGU	New	GIGCAPITAL4 INCunit	$164,000	–	16,044	–	0.09%	–
PHT	New	PIONEER HIGH INCOME FUND INCclosed-end fund	$153,000	–	15,657	–	0.08%	–
SPAX	New	ROBINSON ALT YLD PREMERG SPetp	$141,000	–	7,000	–	0.08%	–
MBB	New	ISHARES MBS ETFetp	$140,000	–	1,300	–	0.08%	–
FCAXU	New	FORTRESS CAPITAL ACQUISITIONunit	$116,000	–	11,659	–	0.06%	–
ACV	New	VIRTUS ALLIANZGI DIV & INCclosed-end fund	$109,000	–	3,105	–	0.06%	–
FRSGU	New	FIRST RESERVE SUSTAINABLEunit	$100,000	–	10,000	–	0.05%	–
TIP	New	ISHARES TIPS BOND ETFetp	$89,000	–	700	–	0.05%	–
FSNBU	New	FUSION ACQUISITION CORP IIunit	$82,000	–	8,244	–	0.04%	–
VWO	New	VANGUARD FTSE EMERGING MARKEetp	$70,000	–	1,300	–	0.04%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOMEclosed-end fund	$70,000	–	4,593	–	0.04%	–
VGIT	New	VANGUARD INTERMEDIATE-TERM Tetp	$51,000	–	750	–	0.03%	–
FINM	New	MARLIN TECHNOLOGY CORP-A	$46,000	–	4,697	–	0.02%	–
RXRAU	New	RXR ACQUISITION CORPunit	$40,000	–	4,012	–	0.02%	–
VSS	New	VANGUARD FTSE ALL WO X-US SCetp	$41,000	–	300	–	0.02%	–
ZWRKU	New	Z-WORK ACQUISITION CORPunit	$32,000	–	3,250	–	0.02%	–
EJFAU	New	EJF ACQUISITION CORPunit	$32,000	–	3,256	–	0.02%	–
THMAU	New	THIMBLE POINT ACQUISITION COunit	$31,000	–	2,997	–	0.02%	–
IPVAU	New	INTERPRIVATE II ACQUISITIONunit	$32,000	–	3,209	–	0.02%	–
FLME	New	FLAME ACQUISITION CORP -CL A	$30,000	–	3,102	–	0.02%	–
MACQU	New	MCAP ACQUISITION CORPunit	$30,000	–	3,000	–	0.02%	–
IPVFU	New	INTERPRIVATE III FINANCIALunit	$30,000	–	3,000	–	0.02%	–
NBST	New	NEWBURY STREET ACQUISITION C	$30,000	–	3,099	–	0.02%	–
NSTDU	New	NORTHERN STAR INVESTMENT CORunit	$30,000	–	3,006	–	0.02%	–
HCCC	New	HEALTHCARE CAPITAL CORP-CL A	$30,000	–	3,093	–	0.02%	–
PUCK	New	GOAL ACQUISITIONS CORP	$30,000	–	3,102	–	0.02%	–
GACQU	New	GLOBAL CONSUMER ACQUISITIONunit	$30,000	–	3,003	–	0.02%	–
GXIIU	New	GX ACQUISITION CORP IIunit	$30,000	–	3,003	–	0.02%	–
OEPWU	New	ONE EQUITY PARTNERS OPEN WATunit	$30,000	–	3,000	–	0.02%	–
OSIU	New	OSIRIS ACQUISITION CORPunit	$30,000	–	3,021	–	0.02%	–
AFAQU	New	AF ACQUISITION CORPunit	$30,000	–	2,994	–	0.02%	–
DHBCU	New	DHB CAPITAL CORPunit	$30,000	–	3,000	–	0.02%	–
PMGMU	New	PRIVETERRA ACQUISITION CORPunit	$30,000	–	3,006	–	0.02%	–
PSAGU	New	PROPERTY SOLUTIONS ACQUISITIunit	$30,000	–	3,003	–	0.02%	–
CLBRU	New	COLOMBIER ACQUISITION CORPunit	$30,000	–	3,015	–	0.02%	–
CLRMU	New	CLARIM ACQUISITION CORPunit	$30,000	–	3,006	–	0.02%	–
RCLFU	New	ROSECLIFF ACQUISITION CORP Iunit	$30,000	–	3,015	–	0.02%	–
RMT	New	ROYCE MICRO-CAP TRUST INCclosed-end fund	$29,000	–	2,300	–	0.02%	–
SBEAU	New	SILVERBOX ENGAGED MERGER CORunit	$30,000	–	2,991	–	0.02%	–
CFVIU	New	CF ACQUISITION CORP VIunit	$30,000	–	3,006	–	0.02%	–
TETCU	New	TECH AND ENERGY TRANSITIONunit	$30,000	–	3,003	–	0.02%	–
TWLVU	New	TWELVE SEAS INVESTMENT CO IIunit	$30,000	–	3,015	–	0.02%	–
VELOU	New	VELOCITY ACQUISITION CORPunit	$30,000	–	3,015	–	0.02%	–
BGSXU	New	BUILD ACQUISITION CORPunit	$30,000	–	3,012	–	0.02%	–
BOASU	New	BOA ACQUISITION CORPunit	$30,000	–	3,018	–	0.02%	–
ACAHU	New	ATLANTIC COASTAL ACQUISITIONunit	$30,000	–	3,000	–	0.02%	–
ATHN	New	ATHENA TECHNOLOGY ACQUISIT-A	$30,000	–	3,090	–	0.02%	–
ANZUU	New	ANZU SPECIAL ACQUISITION CORunit	$30,000	–	3,012	–	0.02%	–
AMPIU	New	ADVANCED MERGER PARTNERS INCunit	$29,000	–	2,914	–	0.02%	–
ADEXU	New	ADIT EDTECH ACQUISITION CORPunit	$30,000	–	3,000	–	0.02%	–
GLBLU	New	CARTESIAN GROWTH CORPunit	$30,000	–	3,003	–	0.02%	–
BYTSU	New	BYTE ACQUISITION CORP - A	$30,000	–	3,093	–	0.02%	–
CPTKU	New	CROWN PROPTECH ACQUISITIONSunit	$30,000	–	3,012	–	0.02%	–
DISA	New	DISRUPTIVE ACQUISITION COR-A	$30,000	–	3,096	–	0.02%	–
FTEVU	New	FINTECH EVOLUTION ACQUISITIOunit	$30,000	–	3,003	–	0.02%	–
KAIR	New	KAIROS ACQUISITION CORP-A	$30,000	–	3,078	–	0.02%	–
ROSSU	New	ROSS ACQUISITION CORP IIunit	$30,000	–	3,003	–	0.02%	–
TBSAU	New	TB SA ACQUISITION CORPunit	$30,000	–	3,000	–	0.02%	–
TWNT	New	TAILWIND TWO ACQUISITION-A	$30,000	–	3,093	–	0.02%	–
VB	New	VANGUARD SMALL-CAP ETFetp	$28,000	–	125	–	0.02%	–
VTV	New	VANGUARD VALUE ETFetp	$28,000	–	200	–	0.02%	–
EFV	New	ISHARES MSCI EAFE VALUE ETFetp	$27,000	–	525	–	0.02%	–
IWR	New	ISHARES RUSSELL MID-CAP ETFetp	$28,000	–	350	–	0.02%	–
VTWV	New	VANGUARD RUSSELL 2000 VALUEetp	$15,000	–	100	–	0.01%	–
ISVL	New	ISHARES INTERNATIONAL DEVELOetp	$14,000	–	400	–	0.01%	–
PZA	New	INVESCO NATIONAL AMT-FREE MUetp	$12,000	–	458	–	0.01%	–
	New	CENTER COAST BROOKFIELD MLPclosed-end fund	$11,000	–	850	–	0.01%	–
FRXBU	New	FOREST ROAD ACQUISITION CORPunit	$10,000	–	1,000	–	0.01%	–
LOKMU	New	LIVE OAK MOBILITY ACQUISITIOunit	$10,000	–	1,000	–	0.01%	–
FMB	New	FIRST TRUST MANAGED MUNICIPAetp	$6,000	–	100	–	0.00%	–
LGACU	New	LAZARD GROWTH ACQUISITION COunit	$3,000	–	250	–	0.00%	–
DHCAU	New	DHC ACQUISITION CORPunit	$3,000	–	250	–	0.00%	–
NCV	New	VIRTUS ALLIANZGI CN & INCclosed-end fund	$3,000	–	425	–	0.00%	–
VTA	New	INVESCO DYNAMIC CREDIT OPPclosed-end fund	$3,000	–	250	–	0.00%	–
ARRWU	New	ARROWROOT ACQUISITION CORPunit	$3,000	–	250	–	0.00%	–
QFTAU	New	QUANTUM FINTECH ACQUISITIONunit	$3,000	–	250	–	0.00%	–
GSEVU	New	GORES HOLDINGS VII INCunit	$3,000	–	250	–	0.00%	–
FINMU	New	MARLIN TECHNOLOGY CORPunit	$3,000	–	250	–	0.00%	–
PGRWU	New	PROGRESS ACQUISITION CORPunit	$3,000	–	250	–	0.00%	–
SHYD	New	VANECK VECTORS SH H YLD MUNIetp	$4,000	–	165	–	0.00%	–
GHY	New	PGIM GLOBAL HIGH YIELD FUNDclosed-end fund	$3,000	–	200	–	0.00%	–
CONX	New	CONX CORP-CLASS A SHARES	$2,000	–	200	–	0.00%	–
KYN	New	KAYNE ANDERSON ENERGY INFRASclosed-end fund	$2,000	–	200	–	0.00%	–
FMO	New	FIDUCIARY/CLAYM ENRGY INFRAclosed-end fund	$1,000	–	100	–	0.00%	–
DOG	New	PROSHARES SHORT DOW30etp	$1,000	–	40	–	0.00%	–
TYG	New	TORTOISE ENERGY INFRASTRUCTclosed-end fund	$1,000	–	30	–	0.00%	–
TBCPU	New	THUNDER BRIDGE CAPITAL PARTNunit	$2,000	–	250	–	0.00%	–
SH	New	PROSHARES SHORT S&P500etp	$1,000	–	70	–	0.00%	–
RWM	New	PROSHARES SHORT RUSSELL2000etp	$1,000	–	40	–	0.00%	–

Q4 2020

			Value		Shares		↓ Weighting
RWM	Exit	ProShares Short Russell 2000	$0	–	-40	–	-0.00%	–
SH	Exit	PROSHARES SHORT S&P500	$0	–	-70	–	-0.00%	–
DOG	Exit	ProShares Short Dow30	$0	–	-40	–	-0.00%	–
PCK	Exit	PIMCO California Municipal Income Fund II	$0	–	-330	–	-0.00%	–
MUB	Exit	iShares National Muni Bond ETF	$0	–	-33	–	-0.00%	–
HYD	Exit	VanEck Vectors High Yield Municipal Index	$0	–	-64	–	-0.00%	–
PZA	Exit	PowerShares National AMT-Free Municipal Bo	$0	–	-143	–	-0.00%	–
JRO	Exit	Nuveen Floating Rate Income Opportunity Fu	$0	–	-790	–	-0.00%	–
FAX	Exit	Aberdeen Asia-Pacific Income Fund Inc	$0	–	-1,570	–	-0.00%	–
KIO	Exit	KKR Income Opportunities Fund	$0	–	-450	–	-0.00%	–
DBL	Exit	DoubleLine Opportunistic Credit Fund	$0	–	-340	–	-0.00%	–
VSS	Exit	Vanguard FTSE All World ex-US Small-Cap ET	$0	–	-180	–	-0.01%	–
IWM	Exit	iShares Russell 2000 ETF	$0	–	-240	–	-0.02%	–
IWR	Exit	iShares Russell Mid-Cap ETF	$0	–	-640	–	-0.02%	–
VWO	Exit	Vanguard FTSE Emerging Markets ETF	$0	–	-1,130	–	-0.03%	–
EVV	Exit	Eaton Vance Limited Duration Income Fund	$0	–	-9,300	–	-0.06%	–
TIP	Exit	iShares TIPS ETF	$0	–	-925	–	-0.07%	–
FSD	Exit	First Trust High Income Long/Short Fund	$0	–	-13,705	–	-0.11%	–
QLTA	Exit	iShares Aaa - A Rated Corporate Bond ETF	$0	–	-3,300	–	-0.11%	–
BAB	Exit	Invesco Taxable Municipal Bond ETF	$0	–	-5,750	–	-0.11%	–
VTA	Exit	Invesco Dynamic Credit Opportunities Fund	$0	–	-26,480	–	-0.14%	–
VT	Exit	Vanguard Total World Stock ETF	$0	–	-3,075	–	-0.14%	–
BGB	Exit	Blackstone / GSO Strategic Credit Fund	$0	–	-20,219	–	-0.14%	–
JHI	Exit	John Hancock Investors Trust	$0	–	-20,299	–	-0.18%	–
MBB	Exit	iShares MBS ETF	$0	–	-3,000	–	-0.19%	–
EFT	Exit	Eaton Vance Floating-Rate Income Trust	$0	–	-29,800	–	-0.20%	–
MPA	Exit	BlackRock MuniYield Pennsylvania Quality F	$0	–	-32,817	–	-0.26%	–
AIF	Exit	Apollo Tactical Income Fund Inc	$0	–	-49,251	–	-0.36%	–
JQC	Exit	Nuveen Credit Strategies Income Fund	$0	–	-108,164	–	-0.37%	–
BWG	Exit	BrandywineGLOBAL Global Income Opportuniti	$0	–	-62,601	–	-0.41%	–
JNK	Exit	SPDR Bloomberg Barclays High Yield Bond ET	$0	–	-7,500	–	-0.45%	–
NUM	Exit	Nuveen Michigan Quality Income Municipal F	$0	–	-58,040	–	-0.47%	–
BGT	Exit	BlackRock Floating Rate Income Trust	$0	–	-85,473	–	-0.55%	–
EFR	Exit	Eaton Vance Senior Floating-Rate Trust	$0	–	-97,679	–	-0.65%	–
HYB	Exit	New America High Income Fund Inc/The	$0	–	-144,207	–	-0.68%	–
DHF	Exit	Dreyfus High Yield Strategies Fund	$0	–	-454,547	–	-0.71%	–
BGX	Exit	Blackstone/GSO Long-Short Credit Income Fu	$0	–	-97,220	–	-0.72%	–
PHT	Exit	Pioneer High Income Trust	$0	–	-157,496	–	-0.72%	–
AFT	Exit	Apollo Senior Floating Rate Fund Inc	$0	–	-99,021	–	-0.73%	–
DHY	Exit	Credit Suisse High Yield Bond Fund	$0	–	-609,806	–	-0.74%	–
EAD	Exit	Wells Fargo Income Opportunities Fund	$0	–	-181,653	–	-0.76%	–
BSL	Exit	Blackstone / GSO Senior Floating Rate Term	$0	–	-97,463	–	-0.77%	–
ISD	Exit	Prudential Short Duration High Yield Fund	$0	–	-98,501	–	-0.78%	–
HIO	Exit	Western Asset High Income Opportunity Fund	$0	–	-285,987	–	-0.80%	–
HIX	Exit	Western Asset High Income Fund II Inc	$0	–	-264,496	–	-0.97%	–
RMM	Exit	RiverNorth Managed Duration Municipal Inco	$0	–	-105,469	–	-1.01%	–
NAC	Exit	Nuveen California Dividend Advantage Munic	$0	–	-128,747	–	-1.07%	–
MYC	Exit	BlackRock MuniYield California Fund Inc	$0	–	-145,187	–	-1.15%	–
NAD	Exit	Nuveen Quality Municipal Income Fund	$0	–	-144,309	–	-1.20%	–
PMX	Exit	PIMCO Municipal Income Fund III	$0	–	-195,574	–	-1.27%	–
OIA	Exit	Invesco Municipal Income Opportunities Tru	$0	–	-356,926	–	-1.49%	–
PNI	Exit	PIMCO New York Municipal Income Fund II	$0	–	-258,708	–	-1.59%	–
VTN	Exit	Invesco Trust for Investment Grade New Yor	$0	–	-250,641	–	-1.78%	–
PMF	Exit	PIMCO Municipal Income Fund	$0	–	-235,807	–	-1.80%	–
KSM	Exit	Deutsche Strategic Municipal Income Trust	$0	–	-296,808	–	-1.84%	–
MFM	Exit	MFS Municipal Income Trust	$0	–	-512,703	–	-1.89%	–
RMI	Exit	Rivernorth Opportunistic Municipal Income	$0	–	-165,883	–	-1.94%	–
MIY	Exit	BlackRock MuniYield Michigan Quality Fund	$0	–	-244,192	–	-1.96%	–
NQP	Exit	Nuveen Pennsylvania Investment Quality Mun	$0	–	-316,451	–	-2.44%	–
NUO	Exit	Nuveen Ohio Quality Income Municipal Fund	$0	–	-291,663	–	-2.51%	–
MVF	Exit	BlackRock MuniVest Fund Inc	$0	–	-579,043	–	-2.88%	–
MHD	Exit	BlackRock MuniHoldings Fund Inc	$0	–	-346,799	–	-3.02%	–
MVT	Exit	BlackRock MuniVest Fund II Inc	$0	–	-393,251	–	-3.14%	–
MHI	Exit	Pioneer Municipal High Income Trust	$0	–	-528,081	–	-3.50%	–
IIM	Exit	Invesco Value Municipal Income Trust	$0	–	-450,223	–	-3.80%	–
DSM	Exit	Dreyfus Strategic Municipal Bond Fund Inc	$0	–	-961,268	–	-4.02%	–
EVN	Exit	Eaton Vance Municipal Income Trust	$0	–	-587,148	–	-4.31%	–
NXJ	Exit	Nuveen New Jersey Dividend Advantage Munic	$0	–	-556,238	–	-4.31%	–
MFL	Exit	BlackRock MuniHoldings Investment Quality	$0	–	-591,727	–	-4.55%	–
MYD	Exit	BlackRock MuniYield Fund Inc	$0	–	-806,477	–	-6.20%	–
NZF	Exit	Nuveen Municipal Credit Income Fund	$0	–	-806,862	–	-6.79%	–
MMU	Exit	Western Asset Managed Municipals Fund Inc	$0	–	-982,660	–	-6.86%	–
NVG	Exit	Nuveen Dividend Advantage Municipal Income	$0	–	-914,825	–	-8.21%	–

Q3 2020

			Value		Shares		↓ Weighting
NVG	Buy	Nuveen Dividend Advantage Municipal Income	$14,326,000	+4.2%	914,825	+2.1%	8.21%	+65.0%
MMU	Buy	Western Asset Managed Municipals Fund Inc	$11,979,000	+1.7%	982,660	+0.3%	6.86%	+61.0%
NZF	Buy	Nuveen Municipal Credit Income Fund	$11,853,000	+5.2%	806,862	+6.5%	6.79%	+66.6%
MYD	Buy	BlackRock MuniYield Fund Inc	$10,823,000	+10.3%	806,477	+12.1%	6.20%	+74.6%
MFL	Buy	BlackRock MuniHoldings Investment Quality	$7,935,000	+5.3%	591,727	+1.8%	4.55%	+66.7%
NXJ	Sell	Nuveen New Jersey Dividend Advantage Munic	$7,526,000	-3.3%	556,238	-4.9%	4.31%	+53.2%
EVN	Sell	Eaton Vance Municipal Income Trust	$7,521,000	-29.6%	587,148	-31.6%	4.31%	+11.5%
DSM	Buy	Dreyfus Strategic Municipal Bond Fund Inc	$7,008,000	+5.9%	961,268	+5.3%	4.02%	+67.7%
IIM	Sell	Invesco Value Municipal Income Trust	$6,623,000	-38.8%	450,223	-39.9%	3.80%	-3.1%
MHI	Sell	Pioneer Municipal High Income Trust	$6,115,000	-12.5%	528,081	-14.5%	3.50%	+38.6%
MVT	Sell	BlackRock MuniVest Fund II Inc	$5,482,000	-18.2%	393,251	-20.9%	3.14%	+29.5%
MHD	Sell	BlackRock MuniHoldings Fund Inc	$5,275,000	-2.6%	346,799	-4.3%	3.02%	+54.3%
MVF	Sell	BlackRock MuniVest Fund Inc	$5,026,000	-60.6%	579,043	-61.8%	2.88%	-37.6%
NQP	Buy	Nuveen Pennsylvania Investment Quality Mun	$4,253,000	+14.9%	316,451	+16.1%	2.44%	+81.9%
MIY	Sell	BlackRock MuniYield Michigan Quality Fund	$3,424,000	-48.7%	244,192	-50.3%	1.96%	-18.8%
RMI	Sell	Rivernorth Opportunistic Municipal Income	$3,386,000	-5.9%	165,883	-1.4%	1.94%	+49.0%
MFM	Sell	MFS Municipal Income Trust	$3,297,000	-41.1%	512,703	-43.1%	1.89%	-6.8%
KSM	Sell	Deutsche Strategic Municipal Income Trust	$3,220,000	+0.8%	296,808	-2.4%	1.84%	+59.6%
PMF	Sell	PIMCO Municipal Income Fund	$3,148,000	-53.2%	235,807	-52.1%	1.80%	-25.9%
VTN	Buy	Invesco Trust for Investment Grade New Yor	$3,103,000	+24.2%	250,641	+21.7%	1.78%	+96.7%
PNI	Sell	PIMCO New York Municipal Income Fund II	$2,776,000	-15.2%	258,708	-18.0%	1.59%	+34.3%
OIA	Sell	Invesco Municipal Income Opportunities Tru	$2,606,000	-34.8%	356,926	-35.7%	1.49%	+3.3%
PMX	Sell	PIMCO Municipal Income Fund III	$2,222,000	-56.3%	195,574	-55.9%	1.27%	-30.9%
NAD	Sell	Nuveen Quality Municipal Income Fund	$2,095,000	-57.0%	144,309	-58.4%	1.20%	-31.9%
MYC	Sell	BlackRock MuniYield California Fund Inc	$2,011,000	-37.0%	145,187	-36.3%	1.15%	-0.3%
NAC	Buy	Nuveen California Dividend Advantage Munic	$1,875,000	+64.5%	128,747	+62.5%	1.07%	+160.0%
RMM	New	RiverNorth Managed Duration Municipal Inco	$1,761,000	–	105,469	–	1.01%	–
HIO	Buy	Western Asset High Income Opportunity Fund	$1,401,000	+71.1%	285,987	+62.5%	0.80%	+171.3%
EAD	New	Wells Fargo Income Opportunities Fund	$1,326,000	–	181,653	–	0.76%	–
PHT	Sell	Pioneer High Income Trust	$1,254,000	+5.5%	157,496	-0.7%	0.72%	+67.2%
NUM	Sell	Nuveen Michigan Quality Income Municipal F	$823,000	-81.3%	58,040	-81.9%	0.47%	-70.4%
JNK	New	SPDR Bloomberg Barclays High Yield Bond ET	$782,000	–	7,500	–	0.45%	–
BWG	New	BrandywineGLOBAL Global Income Opportuniti	$721,000	–	62,601	–	0.41%	–
JQC	Sell	Nuveen Credit Strategies Income Fund	$639,000	-0.3%	108,164	-0.1%	0.37%	+57.8%
MPA	Sell	BlackRock MuniYield Pennsylvania Quality F	$456,000	-46.2%	32,817	-47.4%	0.26%	-15.0%
JHI	Sell	John Hancock Investors Trust	$321,000	-47.7%	20,299	-48.3%	0.18%	-17.1%
BGB	Buy	Blackstone / GSO Strategic Credit Fund	$247,000	+18.2%	20,219	+11.0%	0.14%	+86.8%
BAB	Buy	Invesco Taxable Municipal Bond ETF	$192,000	+4.3%	5,750	+2.7%	0.11%	+64.2%
QLTA	Buy	iShares Aaa - A Rated Corporate Bond ETF	$191,000	+3.2%	3,300	+3.1%	0.11%	+62.7%
FSD	New	First Trust High Income Long/Short Fund	$191,000	–	13,705	–	0.11%	–
EVV	New	Eaton Vance Limited Duration Income Fund	$105,000	–	9,300	–	0.06%	–
VWO	Buy	Vanguard FTSE Emerging Markets ETF	$49,000	+11.4%	1,130	+2.7%	0.03%	+75.0%
IWM	Buy	iShares Russell 2000 ETF	$36,000	+9.1%	240	+4.3%	0.02%	+75.0%
IWR	Buy	iShares Russell Mid-Cap ETF	$37,000	+12.1%	640	+3.2%	0.02%	+75.0%
VSS	New	Vanguard FTSE All World ex-US Small-Cap ET	$19,000	–	180	–	0.01%	–
KIO	Sell	KKR Income Opportunities Fund	$6,000	-98.6%	450	-98.7%	0.00%	-98.1%
PZA	New	PowerShares National AMT-Free Municipal Bo	$4,000	–	143	–	0.00%	–
PCK	Sell	PIMCO California Municipal Income Fund II	$3,000	-99.7%	330	-99.7%	0.00%	-99.5%
MUB	Buy	iShares National Muni Bond ETF	$4,000	+33.3%	33	+37.5%	0.00%	+100.0%
HYD	Buy	VanEck Vectors High Yield Municipal Index	$4,000	+33.3%	64	+45.5%	0.00%	+100.0%
RWM	Sell	ProShares Short Russell 2000	$1,000	-50.0%	40	-33.3%	0.00%	0.0%
SH	Sell	PROSHARES SHORT S&P500	$1,000	-50.0%	70	-30.0%	0.00%	0.0%
DOG	Sell	ProShares Short Dow30	$2,000	0.0%	40	-20.0%	0.00%	0.0%
BLW	Exit	BLACKROCK LTD DURATION INCclosed-end fund	$0	–	-7,100	–	-0.04%	–
MNP	Exit	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$0	–	-11,300	–	-0.06%	–
MYI	Exit	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$0	–	-13,457	–	-0.06%	–
IVH	Exit	IVY HIGH INCOME OPPORTUNITYclosed-end fund	$0	–	-26,951	–	-0.11%	–
NKG	Exit	NUVEEN GA QUAL MUNI INC FDclosed-end fund	$0	–	-36,848	–	-0.16%	–
MHF	Exit	WESTERN ASSET MUNICIPAL HIGHclosed-end fund	$0	–	-66,768	–	-0.17%	–
MYF	Exit	BLACKROCK MUNIYIELD INVESTMEclosed-end fund	$0	–	-38,144	–	-0.18%	–
CMU	Exit	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$0	–	-177,853	–	-0.26%	–
BTA	Exit	BLACKROCK LNG-TM MUN ADV TSTclosed-end fund	$0	–	-79,787	–	-0.34%	–
MCA	Exit	BLACKROCK MUNIYIELD CA QUALIclosed-end fund	$0	–	-72,067	–	-0.36%	–
MYJ	Exit	BLACKROCK MUNIYIELD NJ FUNDclosed-end fund	$0	–	-83,916	–	-0.41%	–
MUA	Exit	BLACKROCK MUNIASSETS FUNDclosed-end fund	$0	–	-82,535	–	-0.42%	–
NBO	Exit	NEUBERGER BERMAN NY MUNIclosed-end fund	$0	–	-111,054	–	-0.46%	–
NAZ	Exit	NUVEEN AZ QUAL MUNI INC FDclosed-end fund	$0	–	-101,171	–	-0.50%	–
MUI	Exit	BLACKROCK MUNI INTERM DURATIclosed-end fund	$0	–	-116,487	–	-0.58%	–
LEO	Exit	BNYM STRAT MUNIclosed-end fund	$0	–	-210,473	–	-0.59%	–
NMY	Exit	NUVEEN MD QUAL MUNI INC FDclosed-end fund	$0	–	-149,847	–	-0.70%	–
PZC	Exit	PIMCO CALIFORNIA MUNICIP IIIclosed-end fund	$0	–	-210,017	–	-0.77%	–
MUJ	Exit	BLACKROCK MUNIHOLDINGS NJ QUclosed-end fund	$0	–	-160,733	–	-0.78%	–
BFZ	Exit	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$0	–	-176,297	–	-0.84%	–
PML	Exit	PIMCO MUNICIPAL INCOME FD IIclosed-end fund	$0	–	-205,124	–	-1.00%	–
NMCO	Exit	NUVEEN MUNICIPAL CREDIT OPPclosed-end fund	$0	–	-247,123	–	-1.07%	–
SBI	Exit	WESTERN ASSET INTERMEDIATEclosed-end fund	$0	–	-348,305	–	-1.08%	–
VKI	Exit	INVESCO AD MIT IIclosed-end fund	$0	–	-309,619	–	-1.17%	–
VCV	Exit	INVESCO CA V M Iclosed-end fund	$0	–	-367,743	–	-1.56%	–
VMO	Exit	INVESCO MUNICIPAL OPPORTUNIclosed-end fund	$0	–	-386,863	–	-1.67%	–
VGM	Exit	INVESCO TRUST FOR INVESTMENclosed-end fund	$0	–	-389,981	–	-1.71%	–
MEN	Exit	BLACKROCK MUNIENHANCED FUNDclosed-end fund	$0	–	-436,188	–	-1.73%	–
IQI	Exit	INVESCO QUALITY MUNI INC TRclosed-end fund	$0	–	-405,023	–	-1.76%	–
MAV	Exit	PIONEER MUNI HI INC ADV TRSTclosed-end fund	$0	–	-667,625	–	-2.54%	–
KTF	Exit	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$0	–	-725,851	–	-2.83%	–

Q2 2020

			Value		Shares		↓ Weighting
NVG	New	NUVEEN AMT-FR MUNI CREDIT FDclosed-end fund	$13,750,000	–	896,054	–	4.98%	–
MVF	New	BLACKROCK MUNIVEST FUNDclosed-end fund	$12,762,000	–	1,517,435	–	4.62%	–
MMU	New	WESTERN ASSET MANAGED MUNICIclosed-end fund	$11,780,000	–	980,005	–	4.26%	–
NZF	New	NUVEEN MUNI CREDIT INC FDclosed-end fund	$11,262,000	–	757,336	–	4.08%	–
IIM	New	INVESCO VALUE MUNICIPAL INCOclosed-end fund	$10,824,000	–	749,067	–	3.92%	–
EVN	New	EATON VANCE MUNICIPAL INCOMEclosed-end fund	$10,683,000	–	858,439	–	3.87%	–
MYD	New	BLACKROCK MUNIYIELD FUNDclosed-end fund	$9,815,000	–	719,590	–	3.55%	–
KTF	New	DWS MUNICIPAL INCOME TRUSTclosed-end fund	$7,825,000	–	725,851	–	2.83%	–
NXJ	New	NUVEEN NJ QUAL MUNI INC FDclosed-end fund	$7,779,000	–	584,890	–	2.82%	–
MFL	New	BLACKROCK MUNIHOLDINGS QUALIclosed-end fund	$7,537,000	–	581,532	–	2.73%	–
MAV	New	PIONEER MUNI HI INC ADV TRSTclosed-end fund	$7,030,000	–	667,625	–	2.54%	–
MHI	New	PIONEER MUNI HI INCOME TRUSTclosed-end fund	$6,987,000	–	617,808	–	2.53%	–
PMF	New	PIMCO MUNICIPAL INCOME FUNDclosed-end fund	$6,731,000	–	492,737	–	2.44%	–
MVT	New	BLACKROCK MUNIVEST FUND IIclosed-end fund	$6,701,000	–	496,919	–	2.42%	–
MIY	New	BLACKROCK MUNIYIELD MI QUALIclosed-end fund	$6,679,000	–	491,314	–	2.42%	–
DSM	New	BNYM STRAT MUNI BNDclosed-end fund	$6,618,000	–	912,872	–	2.40%	–
MFM	New	MFS MUNICIPAL INCOME TRUSTclosed-end fund	$5,601,000	–	900,432	–	2.03%	–
MHD	New	BLACKROCK MUNIHOLDINGS FUNDclosed-end fund	$5,414,000	–	362,370	–	1.96%	–
PMX	New	PIMCO MUNI INCOME FUND IIIclosed-end fund	$5,090,000	–	442,981	–	1.84%	–
NAD	New	NUVEEN QUAL MUNI INCOME FDclosed-end fund	$4,870,000	–	347,271	–	1.76%	–
IQI	New	INVESCO QUALITY MUNI INC TRclosed-end fund	$4,860,000	–	405,023	–	1.76%	–
MEN	New	BLACKROCK MUNIENHANCED FUNDclosed-end fund	$4,789,000	–	436,188	–	1.73%	–
VGM	New	INVESCO TRUST FOR INVESTMENclosed-end fund	$4,730,000	–	389,981	–	1.71%	–
VMO	New	INVESCO MUNICIPAL OPPORTUNIclosed-end fund	$4,608,000	–	386,863	–	1.67%	–
NUM	New	NUVEEN MI QUAL MUNI INC FDclosed-end fund	$4,401,000	–	320,549	–	1.59%	–
NUO	New	NUVEEN OH QUAL MUNI INC FDclosed-end fund	$4,398,000	–	291,663	–	1.59%	–
VCV	New	INVESCO CA V M Iclosed-end fund	$4,303,000	–	367,743	–	1.56%	–
OIA	New	INVESCO MUNICIPAL INCOME OPPclosed-end fund	$3,994,000	–	555,450	–	1.44%	–
NQP	New	NUVEEN PA QUAL MUNI INC FDclosed-end fund	$3,702,000	–	272,610	–	1.34%	–
RMI	New	RIVERNORTH OPPORT MUNI INCclosed-end fund	$3,598,000	–	168,183	–	1.30%	–
PNI	New	PIMCO NEW YORK MUNICIPAL IIclosed-end fund	$3,274,000	–	315,371	–	1.18%	–
VKI	New	INVESCO AD MIT IIclosed-end fund	$3,245,000	–	309,619	–	1.17%	–
KSM	New	DWS STRATEGIC MUNICIPAL INCOclosed-end fund	$3,194,000	–	304,208	–	1.16%	–
MYC	New	BLACKROCK MUNIYIELD CALI FDclosed-end fund	$3,191,000	–	227,932	–	1.16%	–
SBI	New	WESTERN ASSET INTERMEDIATEclosed-end fund	$2,992,000	–	348,305	–	1.08%	–
NMCO	New	NUVEEN MUNICIPAL CREDIT OPPclosed-end fund	$2,948,000	–	247,123	–	1.07%	–
PML	New	PIMCO MUNICIPAL INCOME FD IIclosed-end fund	$2,765,000	–	205,124	–	1.00%	–
VTN	New	INVESCO TRUST FOR INVESTMENTclosed-end fund	$2,499,000	–	205,871	–	0.90%	–
BFZ	New	BLACKROCK CALIFOR MUNI IN TRclosed-end fund	$2,324,000	–	176,297	–	0.84%	–
MUJ	New	BLACKROCK MUNIHOLDINGS NJ QUclosed-end fund	$2,163,000	–	160,733	–	0.78%	–
PZC	New	PIMCO CALIFORNIA MUNICIP IIIclosed-end fund	$2,123,000	–	210,017	–	0.77%	–
NMY	New	NUVEEN MD QUAL MUNI INC FDclosed-end fund	$1,945,000	–	149,847	–	0.70%	–
HIX	New	WESTERN ASSET HIGH INC IIclosed-end fund	$1,664,000	–	264,496	–	0.60%	–
LEO	New	BNYM STRAT MUNIclosed-end fund	$1,636,000	–	210,473	–	0.59%	–
MUI	New	BLACKROCK MUNI INTERM DURATIclosed-end fund	$1,599,000	–	116,487	–	0.58%	–
NAZ	New	NUVEEN AZ QUAL MUNI INC FDclosed-end fund	$1,378,000	–	101,171	–	0.50%	–
ISD	New	PGIM HIGH YIELD BOND FUNDclosed-end fund	$1,312,000	–	98,501	–	0.48%	–
NBO	New	NEUBERGER BERMAN NY MUNIclosed-end fund	$1,286,000	–	111,054	–	0.46%	–
BSL	New	BLACKSTONE/GSO SENIOR FLOATclosed-end fund	$1,253,000	–	97,463	–	0.45%	–
AFT	New	APOLLO SENIOR FLOATING RATEclosed-end fund	$1,237,000	–	99,021	–	0.45%	–
DHY	New	CREDIT SUISSE HIGH YIELD BDclosed-end fund	$1,207,000	–	609,806	–	0.44%	–
PHT	New	PIONEER HIGH INCOME TRUSTclosed-end fund	$1,189,000	–	158,663	–	0.43%	–
BGX	New	BLACKSTONE/GSO LONG-SHORT CRclosed-end fund	$1,175,000	–	97,220	–	0.42%	–
DHF	New	BNYM HIGH YIELD STRATclosed-end fund	$1,169,000	–	454,547	–	0.42%	–
MUA	New	BLACKROCK MUNIASSETS FUNDclosed-end fund	$1,149,000	–	82,535	–	0.42%	–
MYJ	New	BLACKROCK MUNIYIELD NJ FUNDclosed-end fund	$1,145,000	–	83,916	–	0.41%	–
NAC	New	NUVEEN CA QUAL MUNI INC FDclosed-end fund	$1,140,000	–	79,243	–	0.41%	–
HYB	New	NEW AMERICA HIGH INCOME FUNDclosed-end fund	$1,139,000	–	144,207	–	0.41%	–
EFR	New	EATON VANCE SR FLTG RATE TRclosed-end fund	$1,114,000	–	97,679	–	0.40%	–
PCK	New	PIMCO CALIFORNIA MUNICIPA IIclosed-end fund	$1,011,000	–	114,090	–	0.37%	–
MCA	New	BLACKROCK MUNIYIELD CA QUALIclosed-end fund	$1,006,000	–	72,067	–	0.36%	–
BGT	New	BLACKROCK FLT RT INCclosed-end fund	$942,000	–	85,473	–	0.34%	–
BTA	New	BLACKROCK LNG-TM MUN ADV TSTclosed-end fund	$942,000	–	79,787	–	0.34%	–
MPA	New	BLACKROCK MUNIYIELD PENNSYLVclosed-end fund	$848,000	–	62,391	–	0.31%	–
HIO	New	WESTERN ASSET HI INC OPPORTclosed-end fund	$819,000	–	175,987	–	0.30%	–
CMU	New	MFS HIGH YIELD MUNICIPAL TRUclosed-end fund	$726,000	–	177,853	–	0.26%	–
JQC	New	NUVEEN CREDIT STRAT INCMclosed-end fund	$641,000	–	108,264	–	0.23%	–
AIF	New	APOLLO TACTICAL INCOME FUNDclosed-end fund	$614,000	–	49,251	–	0.22%	–
JHI	New	JOHN HANCOCK INVEST TRUSTclosed-end fund	$614,000	–	39,285	–	0.22%	–
MYF	New	BLACKROCK MUNIYIELD INVESTMEclosed-end fund	$511,000	–	38,144	–	0.18%	–
MHF	New	WESTERN ASSET MUNICIPAL HIGHclosed-end fund	$478,000	–	66,768	–	0.17%	–
NKG	New	NUVEEN GA QUAL MUNI INC FDclosed-end fund	$451,000	–	36,848	–	0.16%	–
KIO	New	KKR INCOME OPPORTUNITIESclosed-end fund	$432,000	–	34,512	–	0.16%	–
EFT	New	EATON VANCE FLOAT RT INC TRclosed-end fund	$342,000	–	29,800	–	0.12%	–
MBB	New	ISHARES MBS ETFetp	$332,000	–	3,000	–	0.12%	–
IVH	New	IVY HIGH INCOME OPPORTUNITYclosed-end fund	$304,000	–	26,951	–	0.11%	–
VTA	New	INVESCO DYNAMIC CREDIT OPPclosed-end fund	$237,000	–	26,480	–	0.09%	–
VT	New	VANGUARD TOT WORLD STK ETFetp	$231,000	–	3,075	–	0.08%	–
BGB	New	BLACKSTONE/GSO STRATEGIC Cclosed-end fund	$209,000	–	18,219	–	0.08%	–
BAB	New	INVESCO TAXABLE MUNICIPAL BOetp	$184,000	–	5,600	–	0.07%	–
QLTA	New	ISHARES AAA - A RATED CORPORetp	$185,000	–	3,200	–	0.07%	–
MYI	New	BLACKROCK MUNIYIELD QUALITYclosed-end fund	$175,000	–	13,457	–	0.06%	–
MNP	New	WESTERN ASSET MUNICIPAL PARTclosed-end fund	$160,000	–	11,300	–	0.06%	–
TIP	New	ISHARES TIPS BOND ETFetp	$114,000	–	925	–	0.04%	–
BLW	New	BLACKROCK LTD DURATION INCclosed-end fund	$99,000	–	7,100	–	0.04%	–
VWO	New	VANGUARD FTSE EMERGING MARKEetp	$44,000	–	1,100	–	0.02%	–
IWR	New	ISHARES RUSSELL MID-CAP ETFetp	$33,000	–	620	–	0.01%	–
IWM	New	ISHARES RUSSELL 2000 ETFetp	$33,000	–	230	–	0.01%	–
DBL	New	DOUBLELINE OPPORT CREDITclosed-end fund	$6,000	–	340	–	0.00%	–
FAX	New	ABERDEEN ASIA-PAC INCOME FDclosed-end fund	$6,000	–	1,570	–	0.00%	–
JRO	New	NUVEEN FLT RATE INC OPP FDclosed-end fund	$6,000	–	790	–	0.00%	–
MUB	New	ISHARES NATIONAL MUNI BOND Eetp	$3,000	–	24	–	0.00%	–
RWM	New	PROSHARES SHORT RUSSELL2000etp	$2,000	–	60	–	0.00%	–
HYD	New	VANECK HIGH-YIELD MUNICIPALetp	$3,000	–	44	–	0.00%	–
SH	New	PROSHARES SHORT S&P500etp	$2,000	–	100	–	0.00%	–
DOG	New	PROSHARES SHORT DOW30etp	$2,000	–	50	–	0.00%	–

Q4 2019

			Value		Shares		↓ Weighting
TBF	Exit	PROSHARES TRshort 20+ tre	$0	–	-500	–	-0.00%	–
TBX	Exit	PROSHARES TRshort 7-10 yr tr	$0	–	-500	–	-0.00%	–
NCZ	Exit	ALLIANZGI CONV & INCOME II	$0	–	-5,000	–	-0.01%	–
AWP	Exit	ABERDEEN GLBL PREM PROP	$0	–	-4,000	–	-0.01%	–
KYN	Exit	KAYNE ANDERSON MLP/MIDSTREAM	$0	–	-2,000	–	-0.01%	–
DOG	Exit	PROSHARES SHORT DOW30etp	$0	–	-500	–	-0.01%	–
DBL	Exit	DOUBLELINE OPPORT CREDIT	$0	–	-1,500	–	-0.01%	–
FAX	Exit	ABERDEEN ASIA-PAC INCOME FD	$0	–	-7,000	–	-0.01%	–
MFD	Exit	MACQUARIE/FT GL INT/UT DV IN	$0	–	-3,000	–	-0.01%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-2,000	–	-0.02%	–
FFC	Exit	FLAHERTY & CRUMRINE PREFERRE	$0	–	-5,770	–	-0.04%	–
WEA	Exit	WESTERN ASSET PREMIER BOND	$0	–	-25,878	–	-0.12%	–
MUC	Exit	BLACKROCK MUNIHOLDINGS CA QU	$0	–	-32,687	–	-0.15%	–
DHF	Exit	BNYM HIGH YIELD STRAT	$0	–	-156,110	–	-0.16%	–
NSL	Exit	NUVEEN SENIOR INC FD	$0	–	-89,953	–	-0.17%	–
TLI	Exit	WESTERN ASSET CORPORATE LOAN	$0	–	-56,922	–	-0.18%	–
TSLF	Exit	THL CREDIT SENIOR LOAN FUND	$0	–	-37,500	–	-0.18%	–
HYT	Exit	BLACKROCK CORP HI YLD	$0	–	-55,996	–	-0.20%	–
CMU	Exit	MFS HIGH YIELD MUNICIPAL TRU	$0	–	-131,316	–	-0.20%	–
AIF	Exit	APOLLO TACTICAL INCOME FUND	$0	–	-42,141	–	-0.21%	–
JHI	Exit	JOHN HANCOCK INVEST TRUST	$0	–	-42,228	–	-0.24%	–
IIM	Exit	INVESCO VALUE MUNICIPAL INCO	$0	–	-51,845	–	-0.26%	–
VMO	Exit	INVESCO MUNICIPAL OPPORTUNI	$0	–	-63,910	–	-0.27%	–
NPV	Exit	NUVEEN VA QUAL MUNI INC FD	$0	–	-59,053	–	-0.27%	–
FLC	Exit	FLAH & CRUM TTL RTRN FND	$0	–	-37,949	–	-0.28%	–
JNK	Exit	SPDR BBG BARC HIGH YIELD BNDetp	$0	–	-8,000	–	-0.28%	–
SBI	Exit	WESTERN ASSET INTERMEDIATE	$0	–	-93,118	–	-0.29%	–
JRI	Exit	NUVEEN REAL ASST INC & GR FD	$0	–	-50,741	–	-0.29%	–
PNI	Exit	PIMCO NEW YORK MUNICIPAL II	$0	–	-74,435	–	-0.30%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNI	$0	–	-115,540	–	-0.32%	–
EVV	Exit	EATON VANCE LTD DURATION FND	$0	–	-79,525	–	-0.33%	–
EFT	Exit	EATON VANCE FLOAT RT INC TR	$0	–	-79,923	–	-0.35%	–
OIA	Exit	INVESCO MUNICIPAL INCOME OPP	$0	–	-139,110	–	-0.37%	–
MHF	Exit	WESTERN ASSET MUNICIPAL HIGH	$0	–	-148,421	–	-0.37%	–
NEV	Exit	NUVEEN ENH MUNI VALUE FD	$0	–	-79,982	–	-0.38%	–
MYN	Exit	BLACKROCK MUNIYIELD NY QUALI	$0	–	-88,622	–	-0.38%	–
BGT	Exit	BLACKROCK FLT RT INC	$0	–	-96,984	–	-0.39%	–
BBK	Exit	BLACKROCK MUNI BOND TRUST	$0	–	-82,195	–	-0.42%	–
MPA	Exit	BLACKROCK MUNIYIELD PENNSYLV	$0	–	-91,002	–	-0.43%	–
KSM	Exit	DWS STRATEGIC MUNICIPAL INCO	$0	–	-114,918	–	-0.45%	–
HIX	Exit	WESTERN ASSET HIGH INC II	$0	–	-205,296	–	-0.45%	–
HYB	Exit	NEW AMERICA HIGH INCOME FUND	$0	–	-160,000	–	-0.48%	–
PHB	Exit	INVESCO FUNDAMENTAL HIGH YIEetp	$0	–	-76,142	–	-0.48%	–
PHT	Exit	PIONEER HIGH INCOME TRUST	$0	–	-158,543	–	-0.48%	–
AFT	Exit	APOLLO SENIOR FLOATING RATE	$0	–	-100,571	–	-0.49%	–
ARDC	Exit	ARES DYNAMIC CREDIT ALLOCATI	$0	–	-102,073	–	-0.50%	–
JRO	Exit	NUVEEN FLT RATE INC OPP FD	$0	–	-158,985	–	-0.50%	–
IVH	Exit	IVY HIGH INCOME OPPORTUNITY	$0	–	-113,925	–	-0.51%	–
EVM	Exit	EATON VANCE CAL MUNI BOND	$0	–	-140,588	–	-0.53%	–
EFR	Exit	EATON VANCE SR FLTG RATE TR	$0	–	-127,679	–	-0.55%	–
RA	Exit	BROOKFIELD REAL ASSETS INCOM	$0	–	-77,683	–	-0.58%	–
NMY	Exit	NUVEEN MD QUAL MUNI INC FD	$0	–	-130,768	–	-0.58%	–
NAZ	Exit	NUVEEN AZ QUAL MUNI INC FD	$0	–	-131,232	–	-0.58%	–
MYC	Exit	BLACKROCK MUNIYIELD CALI FD	$0	–	-123,827	–	-0.60%	–
ISD	Exit	PGIM HIGH YIELD BOND FUND	$0	–	-125,568	–	-0.62%	–
MFM	Exit	MFS MUNICIPAL INCOME TRUST	$0	–	-288,726	–	-0.67%	–
BFZ	Exit	BLACKROCK CALIFOR MUNI IN TR	$0	–	-152,817	–	-0.70%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOME	$0	–	-102,465	–	-0.70%	–
BKN	Exit	BLACKROCK INVT QUALITY MUNI	$0	–	-134,300	–	-0.70%	–
MUS	Exit	BLACKROCK MUNIHOLDINGS QUALI	$0	–	-170,060	–	-0.72%	–
CXH	Exit	MFS INVESTMENT GRADE MUNICIP	$0	–	-226,308	–	-0.75%	–
MCA	Exit	BLACKROCK MUNIYIELD CA QUALI	$0	–	-160,416	–	-0.77%	–
MHN	Exit	BLACKROCK MUNIHOLDINGS NY QU	$0	–	-170,000	–	-0.77%	–
MUJ	Exit	BLACKROCK MUNIHOLDINGS NJ QU	$0	–	-173,690	–	-0.82%	–
BYM	Exit	BLACKROCK MUNICIPAL INCOME Q	$0	–	-253,325	–	-1.19%	–
NQP	Exit	NUVEEN PA QUAL MUNI INC FD	$0	–	-284,930	–	-1.33%	–
BFK	Exit	BLACKROCK MUNICIPAL INC TRST	$0	–	-294,435	–	-1.38%	–
MHI	Exit	PIONEER MUNI HI INCOME TRUST	$0	–	-346,539	–	-1.44%	–
FMN	Exit	FEDERATED PREMIER MUNI INC	$0	–	-316,931	–	-1.49%	–
MUE	Exit	BLACKROCK MUNIHOLDINGS QU II	$0	–	-395,606	–	-1.68%	–
AFB	Exit	ALLIANCE NATIONAL MUNI INC	$0	–	-406,478	–	-1.86%	–
NAC	Exit	NUVEEN CA QUAL MUNI INC FD	$0	–	-378,177	–	-1.88%	–
MEN	Exit	BLACKROCK MUNIENHANCED FUND	$0	–	-543,636	–	-2.06%	–
VKI	Exit	INVESCO AD MIT II	$0	–	-551,500	–	-2.07%	–
NXJ	Exit	NUVEEN NJ QUAL MUNI INC FD	$0	–	-451,539	–	-2.18%	–
NVG	Exit	NUVEEN AMT-FR MUNI CREDIT FD	$0	–	-405,106	–	-2.25%	–
MUI	Exit	BLACKROCK MUNI INTERM DURATI	$0	–	-507,294	–	-2.39%	–
NZF	Exit	NUVEEN MUNI CREDIT INC FD	$0	–	-445,623	–	-2.40%	–
MAV	Exit	PIONEER MUNI HI INC ADV TRST	$0	–	-661,350	–	-2.40%	–
MQT	Exit	BLACKROCK MUNIYIELD QUAL II	$0	–	-566,405	–	-2.45%	–
IQI	Exit	INVESCO QUALITY MUNI INC TR	$0	–	-620,124	–	-2.63%	–
VGM	Exit	INVESCO TRUST FOR INVESTMEN	$0	–	-619,384	–	-2.65%	–
NEA	Exit	NUVEEN AMT-FR QU MUNI INC FD	$0	–	-580,927	–	-2.75%	–
EIM	Exit	EATON VANCE MUNICIPAL BOND F	$0	–	-662,159	–	-2.85%	–
MFL	Exit	BLACKROCK MUNIHOLDINGS QUALI	$0	–	-639,401	–	-2.87%	–
MIY	Exit	BLACKROCK MUNIYIELD MI QUALI	$0	–	-620,203	–	-2.89%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-694,400	–	-3.47%	–
KTF	Exit	DWS MUNICIPAL INCOME TRUST	$0	–	-933,474	–	-3.59%	–
NMZ	Exit	NUVEEN MUNI HIGH INC OPP FD	$0	–	-771,180	–	-3.64%	–
MVF	Exit	BLACKROCK MUNIVEST FUND	$0	–	-1,260,559	–	-3.84%	–
EVN	Exit	EATON VANCE MUNICIPAL INCOME	$0	–	-1,064,507	–	-4.56%	–
MYI	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-1,182,470	–	-5.32%	–
NAD	Exit	NUVEEN QUAL MUNI INCOME FD	$0	–	-1,168,626	–	-5.58%	–

Q3 2019

			Value		Shares		↓ Weighting
NAD	Sell	NUVEEN QUAL MUNI INCOME FD	$16,857,000	-1.1%	1,168,626	-3.5%	5.58%	-0.9%
MYI	Buy	BLACKROCK MUNIYIELD QUALITY	$16,070,000	+16.6%	1,182,470	+13.1%	5.32%	+16.9%
EVN	Buy	EATON VANCE MUNICIPAL INCOME	$13,761,000	+9.0%	1,064,507	+4.8%	4.56%	+9.2%
MVF	Buy	BLACKROCK MUNIVEST FUND	$11,606,000	+50.1%	1,260,559	+49.6%	3.84%	+50.4%
NMZ	Buy	NUVEEN MUNI HIGH INC OPP FD	$10,985,000	+12.5%	771,180	+12.0%	3.64%	+12.7%
KTF	Buy	DWS MUNICIPAL INCOME TRUST	$10,847,000	+15.5%	933,474	+13.0%	3.59%	+15.8%
MQY	Sell	BLACKROCK MUNIYIELD QUALITY	$10,465,000	-1.9%	694,400	-5.4%	3.47%	-1.7%
MIY	Buy	BLACKROCK MUNIYIELD MI QUALI	$8,738,000	+6.8%	620,203	+5.1%	2.89%	+7.0%
MFL	Buy	BLACKROCK MUNIHOLDINGS QUALI	$8,664,000	+12.7%	639,401	+10.5%	2.87%	+12.9%
EIM	New	EATON VANCE MUNICIPAL BOND F	$8,595,000	–	662,159	–	2.85%	–
NEA	Sell	NUVEEN AMT-FR QU MUNI INC FD	$8,307,000	-29.4%	580,927	-31.3%	2.75%	-29.2%
VGM	Sell	INVESCO TRUST FOR INVESTMEN	$8,014,000	-3.4%	619,384	-5.3%	2.65%	-3.2%
IQI	Sell	INVESCO QUALITY MUNI INC TR	$7,938,000	-17.6%	620,124	-19.4%	2.63%	-17.5%
MQT	Sell	BLACKROCK MUNIYIELD QUAL II	$7,397,000	-2.2%	566,405	-6.0%	2.45%	-2.0%
MAV	Buy	PIONEER MUNI HI INC ADV TRST	$7,262,000	+3.6%	661,350	+1.5%	2.40%	+3.8%
NZF	Buy	NUVEEN MUNI CREDIT INC FD	$7,237,000	+72.6%	445,623	+68.8%	2.40%	+72.9%
MUI	Sell	BLACKROCK MUNI INTERM DURATI	$7,219,000	+0.3%	507,294	-0.5%	2.39%	+0.5%
NVG	Sell	NUVEEN AMT-FR MUNI CREDIT FD	$6,800,000	-11.8%	405,106	-15.7%	2.25%	-11.6%
NXJ	Buy	NUVEEN NJ QUAL MUNI INC FD	$6,578,000	+27.7%	451,539	+24.9%	2.18%	+28.0%
VKI	Sell	INVESCO AD MIT II	$6,254,000	-10.2%	551,500	-12.2%	2.07%	-10.1%
MEN	Sell	BLACKROCK MUNIENHANCED FUND	$6,219,000	-9.4%	543,636	-12.0%	2.06%	-9.2%
NAC	Buy	NUVEEN CA QUAL MUNI INC FD	$5,675,000	+72.0%	378,177	+67.5%	1.88%	+72.5%
AFB	Buy	ALLIANCE NATIONAL MUNI INC	$5,613,000	+3.6%	406,478	+1.2%	1.86%	+3.9%
MUE	Buy	BLACKROCK MUNIHOLDINGS QU II	$5,067,000	+5.4%	395,606	+3.2%	1.68%	+5.6%
FMN	Sell	FEDERATED PREMIER MUNI INC	$4,500,000	+3.3%	316,931	-0.1%	1.49%	+3.5%
MHI	Sell	PIONEER MUNI HI INCOME TRUST	$4,353,000	-0.9%	346,539	-1.4%	1.44%	-0.7%
BFK	New	BLACKROCK MUNICIPAL INC TRST	$4,174,000	–	294,435	–	1.38%	–
BYM	Sell	BLACKROCK MUNICIPAL INCOME Q	$3,595,000	+0.3%	253,325	-2.5%	1.19%	+0.5%
MUJ	Sell	BLACKROCK MUNIHOLDINGS NJ QU	$2,477,000	-9.0%	173,690	-11.0%	0.82%	-8.9%
MHN	Buy	BLACKROCK MUNIHOLDINGS NY QU	$2,332,000	+75.5%	170,000	+70.0%	0.77%	+75.9%
MCA	New	BLACKROCK MUNIYIELD CA QUALI	$2,323,000	–	160,416	–	0.77%	–
CXH	Buy	MFS INVESTMENT GRADE MUNICIP	$2,252,000	+4.1%	226,308	+1.0%	0.75%	+4.3%
MUS	Sell	BLACKROCK MUNIHOLDINGS QUALI	$2,178,000	-4.7%	170,060	-7.9%	0.72%	-4.5%
BKN	Sell	BLACKROCK INVT QUALITY MUNI	$2,115,000	-62.4%	134,300	-64.0%	0.70%	-62.3%
PGZ	Sell	PRINCIPAL REAL ESTATE INCOME	$2,106,000	+4.3%	102,465	-2.4%	0.70%	+4.5%
BFZ	New	BLACKROCK CALIFOR MUNI IN TR	$2,097,000	–	152,817	–	0.70%	–
MFM	Buy	MFS MUNICIPAL INCOME TRUST	$2,036,000	+24.8%	288,726	+23.7%	0.67%	+25.0%
ISD	Buy	PGIM HIGH YIELD BOND FUND	$1,857,000	+9.6%	125,568	+9.6%	0.62%	+9.8%
MYC	Sell	BLACKROCK MUNIYIELD CALI FD	$1,795,000	-13.4%	123,827	-16.5%	0.60%	-13.1%
NMY	New	NUVEEN MD QUAL MUNI INC FD	$1,750,000	–	130,768	–	0.58%	–
RA	Sell	BROOKFIELD REAL ASSETS INCOM	$1,735,000	+0.8%	77,683	-1.9%	0.58%	+1.1%
EVM	Sell	EATON VANCE CAL MUNI BOND	$1,600,000	-50.8%	140,588	-52.4%	0.53%	-50.7%
IVH	Buy	IVY HIGH INCOME OPPORTUNITY	$1,544,000	+33.3%	113,925	+34.3%	0.51%	+33.4%
JRO	Buy	NUVEEN FLT RATE INC OPP FD	$1,515,000	+26.9%	158,985	+29.8%	0.50%	+27.1%
AFT	Sell	APOLLO SENIOR FLOATING RATE	$1,476,000	-6.5%	100,571	-3.5%	0.49%	-6.3%
PHT	Sell	PIONEER HIGH INCOME TRUST	$1,459,000	-4.3%	158,543	-4.1%	0.48%	-4.2%
HYB	New	NEW AMERICA HIGH INCOME FUND	$1,442,000	–	160,000	–	0.48%	–
PHB	Buy	INVESCO FUNDAMENTAL HIGH YIEetp	$1,443,000	+72.0%	76,142	+72.5%	0.48%	+72.6%
KSM	Sell	DWS STRATEGIC MUNICIPAL INCO	$1,370,000	-11.2%	114,918	-11.6%	0.45%	-11.0%
HIX	Sell	WESTERN ASSET HIGH INC II	$1,371,000	-29.5%	205,296	-25.2%	0.45%	-29.4%
BBK	Sell	BLACKROCK MUNI BOND TRUST	$1,273,000	-51.3%	82,195	-52.8%	0.42%	-51.2%
MYN	Sell	BLACKROCK MUNIYIELD NY QUALI	$1,163,000	-6.4%	88,622	-8.8%	0.38%	-6.3%
NEV	Sell	NUVEEN ENH MUNI VALUE FD	$1,152,000	-33.8%	79,982	-32.9%	0.38%	-33.6%
MHF	New	WESTERN ASSET MUNICIPAL HIGH	$1,129,000	–	148,421	–	0.37%	–
OIA	New	INVESCO MUNICIPAL INCOME OPP	$1,106,000	–	139,110	–	0.37%	–
EVV	Buy	EATON VANCE LTD DURATION FND	$994,000	+136.1%	79,525	+138.7%	0.33%	+136.7%
EAD	Sell	WELLS FARGO INCOME OPPORTUNI	$950,000	-9.4%	115,540	-8.5%	0.32%	-9.2%
PNI	New	PIMCO NEW YORK MUNICIPAL II	$895,000	–	74,435	–	0.30%	–
SBI	Sell	WESTERN ASSET INTERMEDIATE	$862,000	-23.9%	93,118	-26.3%	0.29%	-23.7%
JNK	Sell	SPDR BBG BARC HIGH YIELD BNDetp	$859,000	-34.1%	8,000	-33.3%	0.28%	-33.9%
FLC	Sell	FLAH & CRUM TTL RTRN FND	$844,000	-5.3%	37,949	-12.5%	0.28%	-5.1%
NPV	Sell	NUVEEN VA QUAL MUNI INC FD	$819,000	-1.3%	59,053	-7.6%	0.27%	-1.1%
VMO	Sell	INVESCO MUNICIPAL OPPORTUNI	$802,000	-54.9%	63,910	-55.7%	0.27%	-54.8%
IIM	Sell	INVESCO VALUE MUNICIPAL INCO	$797,000	-12.7%	51,845	-13.6%	0.26%	-12.6%
CMU	Sell	MFS HIGH YIELD MUNICIPAL TRU	$617,000	-29.1%	131,316	-26.1%	0.20%	-29.2%
HYT	Sell	BLACKROCK CORP HI YLD	$597,000	-26.0%	55,996	-24.9%	0.20%	-25.8%
TLI	Sell	WESTERN ASSET CORPORATE LOAN	$537,000	-10.2%	56,922	-8.1%	0.18%	-10.1%
DHF	Buy	BNYM HIGH YIELD STRAT	$477,000	+3080.0%	156,110	+3022.2%	0.16%	+3060.0%
MUC	Sell	BLACKROCK MUNIHOLDINGS CA QU	$463,000	-88.3%	32,687	-88.7%	0.15%	-88.3%
WEA	Sell	WESTERN ASSET PREMIER BOND	$369,000	-24.7%	25,878	-26.7%	0.12%	-24.7%
FFC	New	FLAHERTY & CRUMRINE PREFERRE	$120,000	–	5,770	–	0.04%	–
SH	Sell	PROSHARES TRshort s&p 500 ne	$54,000	-62.5%	2,000	-63.6%	0.02%	-62.5%
DBL	Sell	DOUBLELINE OPPORT CREDIT	$31,000	-62.7%	1,500	-62.5%	0.01%	-63.0%
MFD	Sell	MACQUARIE/FT GL INT/UT DV IN	$30,000	-42.3%	3,000	-40.0%	0.01%	-41.2%
FAX	Sell	ABERDEEN ASIA-PAC INCOME FD	$29,000	-96.0%	7,000	-95.9%	0.01%	-95.8%
KYN	Sell	KAYNE ANDERSON MLP/MIDSTREAM	$28,000	-66.7%	2,000	-62.3%	0.01%	-67.9%
DOG	Sell	PROSHARES SHORT DOW30etp	$27,000	-70.7%	500	-71.4%	0.01%	-70.0%
NCZ	Sell	ALLIANZGI CONV & INCOME II	$25,000	-50.0%	5,000	-50.0%	0.01%	-52.9%
TBX	Sell	PROSHARES TRshort 7-10 yr tr	$13,000	-75.9%	500	-75.0%	0.00%	-77.8%
TBF	Sell	PROSHARES TRshort 20+ tre	$9,000	-71.0%	500	-66.7%	0.00%	-70.0%
EMD	Exit	WESTERN ASSET EMRG MRKT DBT	$0	–	-3,000	–	-0.01%	–
JFR	Exit	NUVEEN FLOAT RATE INC FD	$0	–	-8,700	–	-0.03%	–
EFF	Exit	EATON VANCE FLOATING-RATE IN	$0	–	-26,558	–	-0.13%	–
DSM	Exit	BNYM STRAT MUNI BND	$0	–	-75,577	–	-0.20%	–
BLW	Exit	BLACKROCK LTD DURATION INC	$0	–	-48,635	–	-0.24%	–
HNW	Exit	PIONEER DIVERSIFIED HIGH INC	$0	–	-97,045	–	-0.46%	–
DMF	Exit	BNYM MUNICIPAL INCOME	$0	–	-275,522	–	-0.78%	–
NKX	Exit	NUVEEN CA AMT-FR MUNI INC FD	$0	–	-172,578	–	-0.84%	–
PMM	Exit	PUTNAM MANAGED MUNI INCM TRS	$0	–	-570,539	–	-1.47%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR	$0	–	-401,437	–	-1.70%	–
LEO	Exit	BNYM STRAT MUNI	$0	–	-672,359	–	-1.87%	–

Q2 2019

			Value		Shares		↓ Weighting
NAD	New	NUVEEN QUAL MUNI INCOME FD	$17,046,000	–	1,210,626	–	5.64%	–
MYI	New	BLACKROCK MUNIYIELD QUALITY	$13,780,000	–	1,045,519	–	4.56%	–
EVN	New	EATON VANCE MUNICIPAL INCOME	$12,630,000	–	1,015,310	–	4.18%	–
NEA	New	NUVEEN AMT-FR QU MUNI INC FD	$11,761,000	–	845,828	–	3.89%	–
MQY	New	BLACKROCK MUNIYIELD QUALITY	$10,664,000	–	733,951	–	3.52%	–
NMZ	New	NUVEEN MUNI HIGH INC OPP FD	$9,762,000	–	688,409	–	3.23%	–
IQI	New	INVESCO QUALITY MUNI INC TR	$9,636,000	–	769,674	–	3.18%	–
KTF	New	DWS MUNICIPAL INCOME TRUST	$9,388,000	–	826,399	–	3.10%	–
VGM	New	INVESCO TRUST FOR INVESTMEN	$8,297,000	–	654,319	–	2.74%	–
MIY	New	BLACKROCK MUNIYIELD MI QUALI	$8,180,000	–	590,203	–	2.70%	–
MVF	New	BLACKROCK MUNIVEST FUND	$7,734,000	–	842,715	–	2.56%	–
NVG	New	NUVEEN AMT-FR MUNI CREDIT FD	$7,707,000	–	480,473	–	2.55%	–
MFL	New	BLACKROCK MUNIHOLDINGS QUALI	$7,690,000	–	578,658	–	2.54%	–
MQT	New	BLACKROCK MUNIYIELD QUAL II	$7,564,000	–	602,705	–	2.50%	–
MUI	New	BLACKROCK MUNI INTERM DURATI	$7,195,000	–	509,595	–	2.38%	–
MAV	New	PIONEER MUNI HI INC ADV TRST	$7,009,000	–	651,350	–	2.32%	–
VKI	New	INVESCO AD MIT II	$6,968,000	–	628,316	–	2.30%	–
MEN	New	BLACKROCK MUNIENHANCED FUND	$6,861,000	–	618,109	–	2.27%	–
LEO	New	BNYM STRAT MUNI	$5,655,000	–	672,359	–	1.87%	–
BKN	New	BLACKROCK INVT QUALITY MUNI	$5,619,000	–	373,064	–	1.86%	–
AFB	New	ALLIANCE NATIONAL MUNI INC	$5,416,000	–	401,478	–	1.79%	–
NXJ	New	NUVEEN NJ QUAL MUNI INC FD	$5,152,000	–	361,544	–	1.70%	–
PMO	New	PUTNAM MUNI OPPORTUNITIES TR	$5,134,000	–	401,437	–	1.70%	–
MUE	New	BLACKROCK MUNIHOLDINGS QU II	$4,806,000	–	383,231	–	1.59%	–
PMM	New	PUTNAM MANAGED MUNI INCM TRS	$4,439,000	–	570,539	–	1.47%	–
MHI	New	PIONEER MUNI HI INCOME TRUST	$4,393,000	–	351,618	–	1.45%	–
FMN	New	FEDERATED PREMIER MUNI INC	$4,357,000	–	317,231	–	1.44%	–
NZF	New	NUVEEN MUNI CREDIT INC FD	$4,192,000	–	263,960	–	1.39%	–
MUC	New	BLACKROCK MUNIHOLDINGS CA QU	$3,972,000	–	289,745	–	1.31%	–
NQP	New	NUVEEN PA QUAL MUNI INC FD	$3,928,000	–	284,930	–	1.30%	–
BYM	New	BLACKROCK MUNICIPAL INCOME Q	$3,586,000	–	259,825	–	1.18%	–
NAC	New	NUVEEN CA QUAL MUNI INC FD	$3,299,000	–	225,741	–	1.09%	–
EVM	New	EATON VANCE CAL MUNI BOND	$3,253,000	–	295,222	–	1.08%	–
MUJ	New	BLACKROCK MUNIHOLDINGS NJ QU	$2,723,000	–	195,190	–	0.90%	–
BBK	New	BLACKROCK MUNI BOND TRUST	$2,615,000	–	174,321	–	0.86%	–
NKX	New	NUVEEN CA AMT-FR MUNI INC FD	$2,540,000	–	172,578	–	0.84%	–
DMF	New	BNYM MUNICIPAL INCOME	$2,367,000	–	275,522	–	0.78%	–
MUS	New	BLACKROCK MUNIHOLDINGS QUALI	$2,285,000	–	184,597	–	0.76%	–
CXH	New	MFS INVESTMENT GRADE MUNICIP	$2,163,000	–	223,958	–	0.72%	–
MYC	New	BLACKROCK MUNIYIELD CALI FD	$2,072,000	–	148,233	–	0.68%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOME	$2,020,000	–	104,965	–	0.67%	–
HIX	New	WESTERN ASSET HIGH INC II	$1,946,000	–	274,506	–	0.64%	–
VMO	New	INVESCO MUNICIPAL OPPORTUNI	$1,778,000	–	144,212	–	0.59%	–
NEV	New	NUVEEN ENH MUNI VALUE FD	$1,739,000	–	119,211	–	0.58%	–
NAZ	New	NUVEEN AZ QUAL MUNI INC FD	$1,722,000	–	131,232	–	0.57%	–
RA	New	BROOKFIELD REAL ASSETS INCOM	$1,722,000	–	79,183	–	0.57%	–
ISD	New	PGIM HIGH YIELD BOND FUND	$1,695,000	–	114,568	–	0.56%	–
EFR	New	EATON VANCE SR FLTG RATE TR	$1,684,000	–	127,679	–	0.56%	–
MFM	New	MFS MUNICIPAL INCOME TRUST	$1,631,000	–	233,460	–	0.54%	–
AFT	New	APOLLO SENIOR FLOATING RATE	$1,578,000	–	104,271	–	0.52%	–
ARDC	New	ARES DYNAMIC CREDIT ALLOCATI	$1,559,000	–	102,073	–	0.52%	–
KSM	New	DWS STRATEGIC MUNICIPAL INCO	$1,542,000	–	129,957	–	0.51%	–
PHT	New	PIONEER HIGH INCOME TRUST	$1,525,000	–	165,243	–	0.50%	–
HNW	New	PIONEER DIVERSIFIED HIGH INC	$1,400,000	–	97,045	–	0.46%	–
MHN	New	BLACKROCK MUNIHOLDINGS NY QU	$1,329,000	–	100,000	–	0.44%	–
JNK	New	SPDR BBG BARC HIGH YIELD BNDetp	$1,304,000	–	12,000	–	0.43%	–
MPA	New	BLACKROCK MUNIYIELD PENNSYLV	$1,274,000	–	91,002	–	0.42%	–
MYN	New	BLACKROCK MUNIYIELD NY QUALI	$1,242,000	–	97,157	–	0.41%	–
BGT	New	BLACKROCK FLT RT INC	$1,208,000	–	96,984	–	0.40%	–
JRO	New	NUVEEN FLT RATE INC OPP FD	$1,194,000	–	122,485	–	0.40%	–
IVH	New	IVY HIGH INCOME OPPORTUNITY	$1,158,000	–	84,849	–	0.38%	–
SBI	New	WESTERN ASSET INTERMEDIATE	$1,133,000	–	126,317	–	0.38%	–
EFT	New	EATON VANCE FLOAT RT INC TR	$1,077,000	–	79,923	–	0.36%	–
EAD	New	WELLS FARGO INCOME OPPORTUNI	$1,049,000	–	126,340	–	0.35%	–
IIM	New	INVESCO VALUE MUNICIPAL INCO	$913,000	–	59,978	–	0.30%	–
FLC	New	FLAH & CRUM TTL RTRN FND	$891,000	–	43,375	–	0.30%	–
CMU	New	MFS HIGH YIELD MUNICIPAL TRU	$870,000	–	177,726	–	0.29%	–
JRI	New	NUVEEN REAL ASST INC & GR FD	$857,000	–	50,741	–	0.28%	–
PHB	New	INVESCO FUNDAMENTAL HIGH YIEetp	$839,000	–	44,142	–	0.28%	–
NPV	New	NUVEEN VA QUAL MUNI INC FD	$830,000	–	63,936	–	0.27%	–
HYT	New	BLACKROCK CORP HI YLD	$807,000	–	74,596	–	0.27%	–
BLW	New	BLACKROCK LTD DURATION INC	$738,000	–	48,635	–	0.24%	–
FAX	New	ABERDEEN ASIA-PAC INCOME FD	$722,000	–	170,000	–	0.24%	–
JHI	New	JOHN HANCOCK INVEST TRUST	$702,000	–	42,228	–	0.23%	–
AIF	New	APOLLO TACTICAL INCOME FUND	$631,000	–	42,141	–	0.21%	–
DSM	New	BNYM STRAT MUNI BND	$613,000	–	75,577	–	0.20%	–
TLI	New	WESTERN ASSET CORPORATE LOAN	$598,000	–	61,922	–	0.20%	–
TSLF	New	THL CREDIT SENIOR LOAN FUND	$568,000	–	37,500	–	0.19%	–
NSL	New	NUVEEN SENIOR INC FD	$533,000	–	89,953	–	0.18%	–
WEA	New	WESTERN ASSET PREMIER BOND	$490,000	–	35,298	–	0.16%	–
EVV	New	EATON VANCE LTD DURATION FND	$421,000	–	33,310	–	0.14%	–
EFF	New	EATON VANCE FLOATING-RATE IN	$400,000	–	26,558	–	0.13%	–
SH	New	PROSHARES TRshort s&p 500 ne	$144,000	–	5,500	–	0.05%	–
DOG	New	PROSHARES SHORT DOW30etp	$92,000	–	1,750	–	0.03%	–
JFR	New	NUVEEN FLOAT RATE INC FD	$85,000	–	8,700	–	0.03%	–
KYN	New	KAYNE ANDERSON MLP/MIDSTREAM	$84,000	–	5,300	–	0.03%	–
DBL	New	DOUBLELINE OPPORT CREDIT	$83,000	–	4,000	–	0.03%	–
TBX	New	PROSHARES TRshort 7-10 yr tr	$54,000	–	2,000	–	0.02%	–
NCZ	New	ALLIANZGI CONV & INCOME II	$50,000	–	10,000	–	0.02%	–
MFD	New	MACQUARIE/FT GL INT/UT DV IN	$52,000	–	5,000	–	0.02%	–
EMD	New	WESTERN ASSET EMRG MRKT DBT	$43,000	–	3,000	–	0.01%	–
TBF	New	PROSHARES TRshort 20+ tre	$31,000	–	1,500	–	0.01%	–
AWP	New	ABERDEEN GLBL PREM PROP	$25,000	–	4,000	–	0.01%	–
DHF	New	BNYM HIGH YIELD STRAT	$15,000	–	5,000	–	0.01%	–

Q4 2018

			Value		Shares		↓ Weighting
NZF	Exit	NUVEEN MUNI CREDIT INC FD	$0	–	-400	–	-0.00%	–
PMO	Exit	PUTNAM MUNI OPPORTUNITIES TR	$0	–	-3,736	–	-0.01%	–
AWP	Exit	ABERDEEN GLBL PREM PROP	$0	–	-8,000	–	-0.01%	–
FMO	Exit	FIDUCIARY/CLAYMORE MLP OPPOR	$0	–	-4,000	–	-0.02%	–
KYN	Exit	KAYNE ANDERSON MLP/MIDSTREAM	$0	–	-3,000	–	-0.02%	–
EMD	Exit	WESTERN ASSET EMRG MRKT DBT	$0	–	-4,000	–	-0.02%	–
EHI	Exit	WESTERN ASSET GLOBAL HIGH IN	$0	–	-10,000	–	-0.03%	–
TBF	Exit	PROSHARES TRshort 20+ treasury	$0	–	-4,000	–	-0.03%	–
TBX	Exit	PROSHARES TRsht 7-10 yr tr	$0	–	-4,000	–	-0.04%	–
FAX	Exit	ABERDEEN ASIA-PAC INCOME FD	$0	–	-35,000	–	-0.04%	–
DOG	Exit	PROSHARES SHORT DOW30	$0	–	-2,750	–	-0.04%	–
NAN	Exit	NUVEEN NY QUAL MUNI INC FD	$0	–	-14,200	–	-0.05%	–
PFD	Exit	FLAH & CRUM PREFERRED INCOME	$0	–	-13,672	–	-0.05%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-8,480	–	-0.07%	–
JNK	Exit	SPDR BBG BARC HIGH YIELD BND	$0	–	-10,000	–	-0.11%	–
NAZ	Exit	NUVEEN AZ QUAL MUNI INC FD	$0	–	-34,300	–	-0.12%	–
BTA	Exit	BLACKROCK LNG-TM MUN ADV TST	$0	–	-38,339	–	-0.13%	–
FLC	Exit	FLAH & CRUM TTL RTRN FND	$0	–	-23,235	–	-0.13%	–
HYB	Exit	NEW AMERICA HIGH INCOME FUND	$0	–	-52,128	–	-0.13%	–
CXE	Exit	MFS HIGH INCOME MUNICIPAL TR	$0	–	-99,100	–	-0.15%	–
NTX	Exit	NUVEEN TX QUAL MUNI INC FD	$0	–	-40,200	–	-0.15%	–
MCA	Exit	BLACKROCK MUNIYIELD CA QUALI	$0	–	-43,364	–	-0.17%	–
CMU	Exit	MFS HIGH YIELD MUNICIPAL TRU	$0	–	-136,883	–	-0.19%	–
MUJ	Exit	BLACKROCK MUNIHOLDINGS NJ QU	$0	–	-51,102	–	-0.19%	–
MYJ	Exit	BLACKROCK MUNIYIELD NJ FUND	$0	–	-49,509	–	-0.19%	–
VTA	Exit	INVESCO DYNAMIC CREDIT OPP	$0	–	-57,051	–	-0.20%	–
FAM	Exit	FIRST TRUST ABERDEEN GLOBAL	$0	–	-72,954	–	-0.21%	–
VVR	Exit	INVESCO SENIOR INCOME TRUST	$0	–	-166,991	–	-0.22%	–
JRI	Exit	NUVEEN REAL ASST INC & GR FD	$0	–	-54,491	–	-0.26%	–
JPS	Exit	NUVEEN PREFERRED & INCOME SE	$0	–	-109,400	–	-0.29%	–
BLE	Exit	BLACKROCK MUN INC TRUST II	$0	–	-78,260	–	-0.30%	–
VMO	Exit	INVESCO MUNICIPAL OPPORTUNI	$0	–	-96,301	–	-0.33%	–
GHY	Exit	PGIM GLOBAL SHORT DURATION H	$0	–	-82,196	–	-0.34%	–
JHI	Exit	JOHN HANCOCK INVEST TRUST	$0	–	-70,910	–	-0.34%	–
BSD	Exit	BLACKROCK STRATEGIC MUNICIPL	$0	–	-94,349	–	-0.35%	–
BAF	Exit	BLACKROCK MUNICIPAL INCOME I	$0	–	-91,796	–	-0.35%	–
NRK	Exit	NUVEEN NY AMT-FR MUNI INC FD	$0	–	-102,220	–	-0.36%	–
MHD	Exit	BLACKROCK MUNIHOLDINGS FUND	$0	–	-82,582	–	-0.37%	–
MUS	Exit	BLACKROCK MUNIHOLDINGS QUALI	$0	–	-111,067	–	-0.38%	–
VKQ	Exit	INVESCO MUNICIPAL TRUST	$0	–	-120,432	–	-0.42%	–
MUA	Exit	BLACKROCK MUNIASSETS FUND	$0	–	-109,531	–	-0.43%	–
VPV	Exit	INVESCO PENNSYLVANIA VALUE M	$0	–	-119,955	–	-0.43%	–
CXH	Exit	MFS INVESTMENT GRADE MUNICIP	$0	–	-168,060	–	-0.45%	–
EVM	Exit	EATON VANCE CAL MUNI BOND	$0	–	-158,146	–	-0.47%	–
DBL	Exit	DOUBLELINE OPPORTUNISTIC CRE	$0	–	-81,337	–	-0.50%	–
SBI	Exit	WESTERN ASSET INTERMEDIATE	$0	–	-206,550	–	-0.52%	–
DSL	Exit	DOUBLELINE INCOME SOLUTIONS	$0	–	-91,990	–	-0.56%	–
NQP	Exit	NUVEEN PA QUAL MUNI INC FD	$0	–	-157,776	–	-0.59%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOME	$0	–	-122,759	–	-0.63%	–
BTZ	Exit	BLACKROCK CREDIT ALLOCATION	$0	–	-180,000	–	-0.66%	–
RA	Exit	BROOKFIELD REAL ASSETS INCOM	$0	–	-99,894	–	-0.69%	–
WEA	Exit	WESTERN ASSET PREMIER BOND	$0	–	-197,088	–	-0.76%	–
ARDC	Exit	ARES DYNAMIC CREDIT ALLOCATI	$0	–	-168,523	–	-0.78%	–
UTG	Exit	REAVES UTILITY INCOME FUND	$0	–	-86,282	–	-0.79%	–
FFC	Exit	FLAH & CRUM PFD SEC INCOME	$0	–	-149,415	–	-0.82%	–
JRO	Exit	NUVEEN FLT RATE INC OPP FD	$0	–	-281,625	–	-0.87%	–
MFM	Exit	MFS MUNICIPAL INCOME TRUST	$0	–	-451,081	–	-0.88%	–
HNW	Exit	PIONEER DIVERSIFIED HIGH INC	$0	–	-200,385	–	-0.88%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNI	$0	–	-371,190	–	-0.88%	–
JFR	Exit	NUVEEN FLOAT RATE INC FD	$0	–	-293,401	–	-0.91%	–
KIO	Exit	KKR INCOME OPPORTUNITIES	$0	–	-187,196	–	-0.92%	–
ISD	Exit	PGIM SHORT DURATION HIGH YIE	$0	–	-219,514	–	-0.93%	–
NHS	Exit	NEUBERGER BERMAN HIGH YIELD	$0	–	-289,112	–	-0.95%	–
MVT	Exit	BLACKROCK MUNIVEST FUND II	$0	–	-238,024	–	-0.95%	–
KSM	Exit	DWS STRATEGIC MUNICIPAL INCO	$0	–	-300,230	–	-0.95%	–
MAV	Exit	PIONEER MUNI HI INC ADV TRST	$0	–	-300,350	–	-0.96%	–
DMF	Exit	DREYFUS MUNICIPAL INCOME INC	$0	–	-418,570	–	-0.98%	–
PHT	Exit	PIONEER HIGH INCOME TRUST	$0	–	-361,397	–	-1.00%	–
PCI	Exit	PIMCO DYNAMIC CREDIT AND MOR	$0	–	-139,107	–	-1.00%	–
BYM	Exit	BLACKROCK MUNICIPAL INCOME Q	$0	–	-267,758	–	-1.02%	–
NVG	Exit	NUVEEN AMT-FR MUNI CREDIT FD	$0	–	-241,509	–	-1.05%	–
HIX	Exit	WESTERN ASSET HIGH INC II	$0	–	-555,404	–	-1.06%	–
FMN	Exit	FEDERATED PREMIER MUNI INC	$0	–	-284,084	–	-1.09%	–
MMU	Exit	WESTERN ASSET MANAGED MUNICI	$0	–	-324,088	–	-1.18%	–
NXJ	Exit	NUVEEN NJ QUAL MUNI INC FD	$0	–	-328,038	–	-1.26%	–
NMZ	Exit	NUVEEN MUNI HIGH INC OPP FD	$0	–	-342,178	–	-1.29%	–
NBH	Exit	NEUBERGER BERMAN MUNICIPAL	$0	–	-322,857	–	-1.30%	–
EVN	Exit	EATON VANCE MUNICIPAL INCOME	$0	–	-387,778	–	-1.33%	–
IIM	Exit	INVESCO VALUE MUNICIPAL INCO	$0	–	-323,096	–	-1.34%	–
VKI	Exit	INVESCO AD MIT II	$0	–	-446,361	–	-1.41%	–
BKN	Exit	BLACKROCK INVT QUALITY MUNI	$0	–	-376,346	–	-1.50%	–
NAC	Exit	NUVEEN CA QUAL MUNI INC FD	$0	–	-395,698	–	-1.53%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-390,356	–	-1.58%	–
MHI	Exit	PIONEER MUNI HI INCOME TRUST	$0	–	-493,042	–	-1.64%	–
MQT	Exit	BLACKROCK MUNIYIELD QUAL II	$0	–	-468,793	–	-1.65%	–
DMB	Exit	DREYFUS MUNICIPAL BOND INFRA	$0	–	-445,053	–	-1.66%	–
VGM	Exit	INVESCO TRUST FOR INVESTMEN	$0	–	-466,359	–	-1.66%	–
MUE	Exit	BLACKROCK MUNIHOLDINGS QU II	$0	–	-465,809	–	-1.68%	–
MVF	Exit	BLACKROCK MUNIVEST FUND	$0	–	-646,947	–	-1.70%	–
HYD	Exit	VANECK VECTORS HIGH-YIELD MU	$0	–	-190,951	–	-1.78%	–
AFB	Exit	ALLIANCE NATIONAL MUNI INC	$0	–	-483,166	–	-1.79%	–
MIY	Exit	BLACKROCK MUNIYIELD MI QUALI	$0	–	-486,965	–	-1.81%	–
BFK	Exit	BLACKROCK MUNICIPAL INC TRST	$0	–	-536,220	–	-2.00%	–
MYD	Exit	BLACKROCK MUNIYIELD FUND	$0	–	-509,185	–	-2.00%	–
DSM	Exit	DREYFUS STRATEGIC MUNI BD FD	$0	–	-955,379	–	-2.10%	–
IQI	Exit	INVESCO QUALITY MUNI INC TR	$0	–	-615,375	–	-2.13%	–
EIM	Exit	EATON VANCE MUNICIPAL BOND F	$0	–	-643,611	–	-2.22%	–
MFL	Exit	BLACKROCK MUNIHOLDINGS QUALI	$0	–	-627,303	–	-2.35%	–
MEN	Exit	BLACKROCK MUNIENHANCED FUND	$0	–	-785,877	–	-2.37%	–
PMM	Exit	PUTNAM MANAGED MUNI INCM TRS	$0	–	-1,207,110	–	-2.50%	–
MUI	Exit	BLACKROCK MUNI INTERM DURATI	$0	–	-680,564	–	-2.67%	–
NEA	Exit	NUVEEN AMT-FR QU MUNI INC FD	$0	–	-772,806	–	-2.93%	–
KTF	Exit	DWS MUNICIPAL INCOME TRUST	$0	–	-956,418	–	-3.00%	–
LEO	Exit	DREYFUS STRATEGIC MUNICIPALS	$0	–	-1,434,423	–	-3.22%	–
MYI	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-1,086,761	–	-3.93%	–
NAD	Exit	NUVEEN QUAL MUNI INCOME FD	$0	–	-1,126,710	–	-4.32%	–

Q3 2018

			Value		Shares		↓ Weighting
MYI	Sell	BLACKROCK MUNIYIELD QUALITY	$13,128,000	-13.0%	1,086,761	-9.3%	3.93%	-10.2%
LEO	Buy	DREYFUS STRATEGIC MUNICIPALS	$10,758,000	+13.4%	1,434,423	+15.9%	3.22%	+17.0%
KTF	New	DWS MUNICIPAL INCOME TRUST	$10,033,000	–	956,418	–	3.00%	–
NEA	Buy	NUVEEN AMT-FR QU MUNI INC FD	$9,784,000	+0.3%	772,806	+3.1%	2.93%	+3.5%
MUI	Buy	BLACKROCK MUNI INTERM DURATI	$8,902,000	+103.8%	680,564	+105.9%	2.67%	+110.4%
PMM	Buy	PUTNAM MANAGED MUNI INCM TRS	$8,353,000	+1.0%	1,207,110	+3.3%	2.50%	+4.2%
MEN	Sell	BLACKROCK MUNIENHANCED FUND	$7,914,000	-8.3%	785,877	-4.2%	2.37%	-5.4%
MFL	Sell	BLACKROCK MUNIHOLDINGS QUALI	$7,854,000	-17.3%	627,303	-14.6%	2.35%	-14.7%
EIM	Sell	EATON VANCE MUNICIPAL BOND F	$7,421,000	-36.5%	643,611	-34.9%	2.22%	-34.4%
IQI	Sell	INVESCO QUALITY MUNI INC TR	$7,126,000	-10.2%	615,375	-7.6%	2.13%	-7.4%
DSM	Buy	DREYFUS STRATEGIC MUNI BD FD	$7,012,000	+49.5%	955,379	+54.2%	2.10%	+54.3%
MYD	Sell	BLACKROCK MUNIYIELD FUND	$6,686,000	-17.9%	509,185	-16.7%	2.00%	-15.3%
BFK	Buy	BLACKROCK MUNICIPAL INC TRST	$6,671,000	+2.3%	536,220	+6.0%	2.00%	+5.5%
MIY	Buy	BLACKROCK MUNIYIELD MI QUALI	$6,038,000	+110.4%	486,965	+122.5%	1.81%	+117.0%
AFB	Sell	ALLIANCE NATIONAL MUNI INC	$5,986,000	-34.7%	483,166	-33.5%	1.79%	-32.6%
HYD	Buy	VANECK VECTORS HIGH-YIELD MU	$5,944,000	+96.6%	190,951	+98.8%	1.78%	+103.0%
MVF	Buy	BLACKROCK MUNIVEST FUND	$5,661,000	+4.5%	646,947	+4.6%	1.70%	+7.8%
MUE	Buy	BLACKROCK MUNIHOLDINGS QU II	$5,618,000	+14.3%	465,809	+16.0%	1.68%	+18.0%
VGM	Buy	INVESCO TRUST FOR INVESTMEN	$5,540,000	+42.0%	466,359	+47.9%	1.66%	+46.6%
DMB	Sell	DREYFUS MUNICIPAL BOND INFRA	$5,528,000	-8.7%	445,053	-8.2%	1.66%	-5.7%
MQT	Buy	BLACKROCK MUNIYIELD QUAL II	$5,504,000	-2.7%	468,793	+0.4%	1.65%	+0.4%
MQY	Buy	BLACKROCK MUNIYIELD QUALITY	$5,278,000	+54.6%	390,356	+59.7%	1.58%	+59.5%
NAC	Buy	NUVEEN CA QUAL MUNI INC FD	$5,120,000	+5.3%	395,698	+8.7%	1.53%	+8.6%
BKN	Sell	BLACKROCK INVT QUALITY MUNI	$4,994,000	-20.4%	376,346	-15.6%	1.50%	-17.8%
VKI	Sell	INVESCO AD MIT II	$4,705,000	-37.3%	446,361	-36.6%	1.41%	-35.3%
IIM	Buy	INVESCO VALUE MUNICIPAL INCO	$4,472,000	+23.5%	323,096	+26.1%	1.34%	+27.4%
EVN	Sell	EATON VANCE MUNICIPAL INCOME	$4,452,000	-27.3%	387,778	-25.1%	1.33%	-25.0%
NMZ	Sell	NUVEEN MUNI HIGH INC OPP FD	$4,294,000	-5.2%	342,178	-4.2%	1.29%	-2.1%
NXJ	Buy	NUVEEN NJ QUAL MUNI INC FD	$4,215,000	+3.8%	328,038	+5.4%	1.26%	+7.1%
MMU	Buy	WESTERN ASSET MANAGED MUNICI	$3,925,000	+84.9%	324,088	+93.5%	1.18%	+90.9%
FMN	Sell	FEDERATED PREMIER MUNI INC	$3,625,000	-6.9%	284,084	-3.3%	1.09%	-3.9%
HIX	Sell	WESTERN ASSET HIGH INC II	$3,521,000	-4.3%	555,404	-2.7%	1.06%	-1.1%
NVG	New	NUVEEN AMT-FR MUNI CREDIT FD	$3,516,000	–	241,509	–	1.05%	–
BYM	Sell	BLACKROCK MUNICIPAL INCOME Q	$3,422,000	-25.8%	267,758	-24.6%	1.02%	-23.4%
PHT	Sell	PIONEER HIGH INCOME TRUST	$3,347,000	-13.8%	361,397	-13.6%	1.00%	-11.2%
DMF	Sell	DREYFUS MUNICIPAL INCOME INC	$3,277,000	-20.3%	418,570	-17.1%	0.98%	-17.8%
KSM	New	DWS STRATEGIC MUNICIPAL INCO	$3,182,000	–	300,230	–	0.95%	–
MVT	Buy	BLACKROCK MUNIVEST FUND II	$3,168,000	+343.1%	238,024	+366.5%	0.95%	+356.2%
ISD	Sell	PGIM SHORT DURATION HIGH YIE	$3,104,000	-2.5%	219,514	-3.5%	0.93%	+0.6%
KIO	Sell	KKR INCOME OPPORTUNITIES	$3,072,000	-2.7%	187,196	-1.8%	0.92%	+0.3%
JFR	New	NUVEEN FLOAT RATE INC FD	$3,048,000	–	293,401	–	0.91%	–
EAD	Buy	WELLS FARGO INCOME OPPORTUNI	$2,940,000	+75.1%	371,190	+76.7%	0.88%	+80.9%
MFM	Sell	MFS MUNICIPAL INCOME TRUST	$2,928,000	-7.5%	451,081	-6.1%	0.88%	-4.6%
JRO	Buy	NUVEEN FLT RATE INC OPP FD	$2,904,000	+244.5%	281,625	+247.9%	0.87%	+255.1%
UTG	Sell	REAVES UTILITY INCOME FUND	$2,645,000	+3.6%	86,282	-2.3%	0.79%	+6.9%
ARDC	Buy	ARES DYNAMIC CREDIT ALLOCATI	$2,617,000	+3.8%	168,523	+7.6%	0.78%	+7.1%
BTZ	New	BLACKROCK CREDIT ALLOCATION	$2,203,000	–	180,000	–	0.66%	–
NQP	Sell	NUVEEN PA QUAL MUNI INC FD	$1,964,000	-10.9%	157,776	-9.6%	0.59%	-8.1%
DSL	Sell	DOUBLELINE INCOME SOLUTIONS	$1,858,000	-17.0%	91,990	-17.9%	0.56%	-14.5%
DBL	Sell	DOUBLELINE OPPORTUNISTIC CRE	$1,673,000	-3.2%	81,337	-1.8%	0.50%	-0.2%
EVM	Sell	EATON VANCE CAL MUNI BOND	$1,575,000	-4.3%	158,146	-0.8%	0.47%	-1.3%
CXH	New	MFS INVESTMENT GRADE MUNICIP	$1,507,000	–	168,060	–	0.45%	–
VPV	Buy	INVESCO PENNSYLVANIA VALUE M	$1,426,000	+10.5%	119,955	+11.2%	0.43%	+13.9%
MUA	Sell	BLACKROCK MUNIASSETS FUND	$1,421,000	-9.8%	109,531	-8.0%	0.43%	-6.8%
VKQ	Sell	INVESCO MUNICIPAL TRUST	$1,390,000	-75.0%	120,432	-74.4%	0.42%	-74.2%
MUS	New	BLACKROCK MUNIHOLDINGS QUALI	$1,284,000	–	111,067	–	0.38%	–
MHD	Sell	BLACKROCK MUNIHOLDINGS FUND	$1,232,000	-28.7%	82,582	-25.4%	0.37%	-26.3%
NRK	Sell	NUVEEN NY AMT-FR MUNI INC FD	$1,216,000	-4.9%	102,220	-2.3%	0.36%	-1.9%
BAF	New	BLACKROCK MUNICIPAL INCOME I	$1,181,000	–	91,796	–	0.35%	–
BSD	Buy	BLACKROCK STRATEGIC MUNICIPL	$1,155,000	+78.8%	94,349	+84.3%	0.35%	+85.0%
JHI	Sell	JOHN HANCOCK INVEST TRUST	$1,141,000	-8.7%	70,910	-9.4%	0.34%	-5.8%
GHY	New	PGIM GLOBAL SHORT DURATION H	$1,140,000	–	82,196	–	0.34%	–
VMO	Sell	INVESCO MUNICIPAL OPPORTUNI	$1,102,000	-84.0%	96,301	-83.6%	0.33%	-83.5%
BLE	New	BLACKROCK MUN INC TRUST II	$1,017,000	–	78,260	–	0.30%	–
JPS	New	NUVEEN PREFERRED & INCOME SE	$963,000	–	109,400	–	0.29%	–
VVR	Buy	INVESCO SENIOR INCOME TRUST	$718,000	+9.5%	166,991	+9.0%	0.22%	+13.2%
FAM	New	FIRST TRUST ABERDEEN GLOBAL	$701,000	–	72,954	–	0.21%	–
VTA	Sell	INVESCO DYNAMIC CREDIT OPP	$654,000	-61.0%	57,051	-60.4%	0.20%	-59.7%
MYJ	New	BLACKROCK MUNIYIELD NJ FUND	$643,000	–	49,509	–	0.19%	–
MUJ	New	BLACKROCK MUNIHOLDINGS NJ QU	$642,000	–	51,102	–	0.19%	–
CMU	New	MFS HIGH YIELD MUNICIPAL TRU	$623,000	–	136,883	–	0.19%	–
MCA	New	BLACKROCK MUNIYIELD CA QUALI	$555,000	–	43,364	–	0.17%	–
NTX	Sell	NUVEEN TX QUAL MUNI INC FD	$500,000	-13.5%	40,200	-11.1%	0.15%	-10.7%
CXE	New	MFS HIGH INCOME MUNICIPAL TR	$490,000	–	99,100	–	0.15%	–
HYB	New	NEW AMERICA HIGH INCOME FUND	$447,000	–	52,128	–	0.13%	–
BTA	Buy	BLACKROCK LNG-TM MUN ADV TST	$432,000	+29.7%	38,339	+29.9%	0.13%	+33.0%
NAZ	New	NUVEEN AZ QUAL MUNI INC FD	$401,000	–	34,300	–	0.12%	–
JNK	New	SPDR BBG BARC HIGH YIELD BND	$361,000	–	10,000	–	0.11%	–
PFD	Sell	FLAH & CRUM PREFERRED INCOME	$177,000	-69.8%	13,672	-68.5%	0.05%	-68.8%
NAN	New	NUVEEN NY QUAL MUNI INC FD	$175,000	–	14,200	–	0.05%	–
EHI	Sell	WESTERN ASSET GLOBAL HIGH IN	$91,000	-75.1%	10,000	-75.1%	0.03%	-74.5%
EMD	Sell	WESTERN ASSET EMRG MRKT DBT	$54,000	-93.2%	4,000	-93.3%	0.02%	-93.0%
FMO	New	FIDUCIARY/CLAYMORE MLP OPPOR	$49,000	–	4,000	–	0.02%	–
PMO	Sell	PUTNAM MUNI OPPORTUNITIES TR	$43,000	-99.4%	3,736	-99.4%	0.01%	-99.4%
NZF	New	NUVEEN MUNI CREDIT INC FD	$6,000	–	400	–	0.00%	–
HIO	Exit	WESTERN ASSET HIGH INCM OPP	$0	–	-20,000	–	-0.03%	–
BGX	Exit	BLACKSTONE GSO LNG SHRT CR I	$0	–	-9,557	–	-0.05%	–
DSU	Exit	BLACKROCK DEBT STRAT FD INC	$0	–	-18,705	–	-0.06%	–
FPF	Exit	FIRST TR INTER DUR PFD & IN	$0	–	-11,500	–	-0.07%	–
AGC	Exit	ADVENT CLAY CONV SEC INC FD	$0	–	-54,912	–	-0.09%	–
PFO	Exit	FLAHERTY & CRUMRINE PFD INC	$0	–	-51,547	–	-0.16%	–
NUO	Exit	NUVEEN OHIO QLTY MUN INCOME	$0	–	-46,103	–	-0.19%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-96,480	–	-0.22%	–
AWF	Exit	ALLIANCEBERNSTEIN GBL HGH IN	$0	–	-72,774	–	-0.24%	–
EVG	Exit	EATON VANCE SH TM DR DIVR IN	$0	–	-73,484	–	-0.28%	–
MYN	Exit	BLACKROCK MUNIYIELD NY QLTY	$0	–	-94,070	–	-0.33%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-124,479	–	-0.38%	–
EVV	Exit	EATON VANCE LTD DUR INCOME F	$0	–	-109,715	–	-0.40%	–
DTF	Exit	DTF TAX-FREE INCOME INC	$0	–	-119,996	–	-0.46%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-211,233	–	-0.97%	–
KSM	Exit	DEUTSCHE STRATEGIC MUN	$0	–	-312,230	–	-0.99%	–
KTF	Exit	DEUTSCHE MUN INCOME	$0	–	-949,541	–	-3.04%	–

Q2 2018

			Value		Shares		↓ Weighting
MYI	New	BLACKROCK MUNIYIELD QLTY FD	$15,093,000	–	1,197,877	–	4.38%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$14,985,000	–	1,126,710	–	4.35%	–
EIM	New	EATON VANCE MUN BD FD	$11,682,000	–	989,160	–	3.39%	–
KTF	New	DEUTSCHE MUN INCOME	$10,464,000	–	949,541	–	3.04%	–
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$9,753,000	–	749,634	–	2.83%	–
MFL	New	BLACKROCK MUNIHLDS INVSTM QL	$9,495,000	–	734,377	–	2.76%	–
LEO	New	DREYFUS STRATEGIC MUNS INC	$9,489,000	–	1,237,137	–	2.75%	–
AFB	New	ALLIANCEBERNSTEIN NATL MUNI	$9,169,000	–	726,523	–	2.66%	–
MEN	New	BLACKROCK MUNIENHANCED FD IN	$8,634,000	–	819,925	–	2.51%	–
PMM	New	PUTNAM MANAGED MUN INCOM TR	$8,273,000	–	1,168,464	–	2.40%	–
MYD	New	BLACKROCK MUNIYIELD FD INC	$8,141,000	–	611,216	–	2.36%	–
IQI	New	INVESCO QUALITY MUNI INC TRS	$7,937,000	–	665,880	–	2.30%	–
VKI	New	INVESCO ADVANTAGE MUNICIPALsh ben int	$7,508,000	–	704,309	–	2.18%	–
PMO	New	PUTNAM MUN OPPORTUNITIES TRsh ben int	$7,140,000	–	611,271	–	2.07%	–
VMO	New	INVESCO MUN OPPORTUNITY TR	$6,892,000	–	587,076	–	2.00%	–
BFK	New	BLACKROCK MUNICIPAL BOND TR	$6,523,000	–	506,040	–	1.89%	–
BKN	New	BLACKROCK INVT QUALITY MUN T	$6,275,000	–	445,990	–	1.82%	–
EVN	New	EATON VANCE MUNI INCOME TRUSsh ben int	$6,126,000	–	517,427	–	1.78%	–
DMB	New	DREYFUS MUN BD INFRSTRCTR FD	$6,053,000	–	485,053	–	1.76%	–
MQT	New	BLACKROCK MUNIY QUALITY FD I	$5,655,000	–	466,975	–	1.64%	–
MHI	New	PIONEER MUN HIGH INCOME TR	$5,631,000	–	493,042	–	1.63%	–
VKQ	New	INVESCO MUN TR	$5,562,000	–	470,577	–	1.61%	–
MVF	New	BLACKROCK MUNIVEST FD INC	$5,417,000	–	618,407	–	1.57%	–
MUE	New	BLACKROCK MUNIHLDNGS QLTY II	$4,913,000	–	401,711	–	1.43%	–
NAC	New	NUVEEN CA QUALTY MUN INCOME	$4,862,000	–	363,937	–	1.41%	–
DSM	New	DREYFUS STRATEGIC MUN BD FD	$4,691,000	–	619,702	–	1.36%	–
BYM	New	BLACKROCK MUNICIPL INC QLTY	$4,611,000	–	354,995	–	1.34%	–
NMZ	New	NUVEEN MUN HIGH INCOME OPP F	$4,528,000	–	357,361	–	1.31%	–
NBH	New	NEUBERGER BERMAN INTER MUNI	$4,401,000	–	322,857	–	1.28%	–
MUI	New	BLACKROCK MUNI INTER DR FD I	$4,367,000	–	330,564	–	1.27%	–
DMF	New	DREYFUS MUN INCOME INC	$4,114,000	–	504,756	–	1.19%	–
NXJ	New	NUVEEN NEW JERSEY QULT MUN F	$4,060,000	–	311,141	–	1.18%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$3,902,000	–	315,410	–	1.13%	–
FMN	New	FEDERATED PREM MUN INC FD	$3,895,000	–	293,747	–	1.13%	–
PHT	New	PIONEER HIGH INCOME TR	$3,885,000	–	418,240	–	1.13%	–
HIX	New	WESTERN ASSET HIGH INCM FD I	$3,678,000	–	571,068	–	1.07%	–
IIM	New	INVESCO VALUE MUN INCOME TR	$3,620,000	–	256,161	–	1.05%	–
MQY	New	BLACKROCK MUNIYIELD QUALITY	$3,414,000	–	244,412	–	0.99%	–
KSM	New	DEUTSCHE STRATEGIC MUN	$3,397,000	–	312,230	–	0.99%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$3,340,000	–	211,233	–	0.97%	–
MAV	New	PIONEER MUN HIGH INCOME ADV	$3,289,000	–	300,350	–	0.96%	–
PCI	New	PIMCO DYNAMIC CR INCOME FD	$3,279,000	–	139,107	–	0.95%	–
ISD	New	PGIM SHORT DURATION HIGH YIE	$3,185,000	–	227,514	–	0.92%	–
MFM	New	MFS MUN INCOME TRsh ben int	$3,166,000	–	480,360	–	0.92%	–
KIO	New	KKR INCOME OPPORTUNITIES FD	$3,158,000	–	190,696	–	0.92%	–
NHS	New	NEUBERGER BERMAN HGH YLD FD	$3,128,000	–	289,112	–	0.91%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$3,023,000	–	96,047	–	0.88%	–
HNW	New	PIONEER DIV HIGH INCOME TRUS	$2,920,000	–	200,385	–	0.85%	–
MIY	New	BLACKROCK MUNIYLD MICH QLTY	$2,870,000	–	218,903	–	0.83%	–
FFC	New	FLAHERTY&CRMN PFD SEC INCOM	$2,827,000	–	149,415	–	0.82%	–
UTG	New	REAVES UTIL INCOME FD	$2,552,000	–	88,282	–	0.74%	–
ARDC	New	ARES DYNAMIC CR ALLOCATION F	$2,521,000	–	156,652	–	0.73%	–
WEA	New	WESTERN ASSET PREMIER BD FD	$2,483,000	–	197,088	–	0.72%	–
RA	New	BROOKFIELD REAL ASSETS INCOMsh ben int	$2,268,000	–	99,894	–	0.66%	–
DSL	New	DOUBLELINE INCOME SOLUTIONS	$2,239,000	–	111,990	–	0.65%	–
NQP	New	NUVEEN PENNSYLVANIA QLT MUN	$2,205,000	–	174,612	–	0.64%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOMEsh ben int	$2,179,000	–	122,759	–	0.63%	–
MMU	New	WESTERN ASST MNGD MUN FD INC	$2,123,000	–	167,458	–	0.62%	–
SBI	New	WESTERN ASSET INTM MUNI FD I	$1,791,000	–	206,550	–	0.52%	–
DBL	New	DOUBLELINE OPPORTUNISTIC CR	$1,729,000	–	82,837	–	0.50%	–
MHD	New	BLACKROCK MUNIHOLDINGS FD IN	$1,727,000	–	110,652	–	0.50%	–
EAD	New	WELLS FARGO INCOME OPPORTUNI	$1,679,000	–	210,109	–	0.49%	–
VTA	New	INVESCO DYNAMIC CR OPP FD	$1,676,000	–	144,194	–	0.49%	–
EVM	New	EATON VANCE CALIF MUN BD FD	$1,646,000	–	159,354	–	0.48%	–
DTF	New	DTF TAX-FREE INCOME INC	$1,600,000	–	119,996	–	0.46%	–
MUA	New	BLACKROCK MUNIASSETS FD INC	$1,575,000	–	119,083	–	0.46%	–
EVV	New	EATON VANCE LTD DUR INCOME F	$1,380,000	–	109,715	–	0.40%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$1,302,000	–	124,479	–	0.38%	–
VPV	New	INVESCO PA VALUE MUN INCOME	$1,291,000	–	107,839	–	0.38%	–
NRK	New	NUVEEN NEW YORK AMT QLT MUNI	$1,279,000	–	104,575	–	0.37%	–
JHI	New	HANCOCK JOHN INVS TR	$1,250,000	–	78,306	–	0.36%	–
MYN	New	BLACKROCK MUNIYIELD NY QLTY	$1,130,000	–	94,070	–	0.33%	–
EVG	New	EATON VANCE SH TM DR DIVR IN	$957,000	–	73,484	–	0.28%	–
JRI	New	NUVEEN REAL ASSET INM AND GW	$881,000	–	54,491	–	0.26%	–
JRO	New	NUVEEN FLTNG RTE INCM OPP FD	$843,000	–	80,953	–	0.24%	–
AWF	New	ALLIANCEBERNSTEIN GBL HGH IN	$840,000	–	72,774	–	0.24%	–
EMD	New	WESTERN ASSET EMRG MKT DEBT	$789,000	–	59,422	–	0.23%	–
JQC	New	NUVEEN CR STRATEGIES INCM FD	$767,000	–	96,480	–	0.22%	–
MVT	New	BLACKROCK MUNIVEST FD II INC	$715,000	–	51,026	–	0.21%	–
VVR	New	INVESCO SR INCOME TR	$656,000	–	153,231	–	0.19%	–
BSD	New	BLACKROCK STRATEGIC MUN TR	$646,000	–	51,195	–	0.19%	–
NUO	New	NUVEEN OHIO QLTY MUN INCOME	$641,000	–	46,103	–	0.19%	–
PFD	New	FLAHERTY & CRUMRINE PFD INC	$587,000	–	43,372	–	0.17%	–
NTX	New	NUVEEN TEXAS QLTY MUN INCME	$578,000	–	45,200	–	0.17%	–
PFO	New	FLAHERTY & CRUMRINE PFD INC	$554,000	–	51,547	–	0.16%	–
FLC	New	FLAHERTY & CRUMRINE TOTAL RE	$453,000	–	23,235	–	0.13%	–
EHI	New	WESTERN ASSET GLB HI INCOME	$366,000	–	40,099	–	0.11%	–
BTA	New	BLACKROCK LONG-TERM MUNI ADV	$333,000	–	29,523	–	0.10%	–
AGC	New	ADVENT CLAY CONV SEC INC FD	$307,000	–	54,912	–	0.09%	–
SH	New	PROSHARES TRshort s&p 500 ne	$249,000	–	8,480	–	0.07%	–
FPF	New	FIRST TR INTER DUR PFD & IN	$248,000	–	11,500	–	0.07%	–
DSU	New	BLACKROCK DEBT STRAT FD INC	$209,000	–	18,705	–	0.06%	–
DOG	New	PROSHARES TR	$165,000	–	2,750	–	0.05%	–
BGX	New	BLACKSTONE GSO LNG SHRT CR I	$157,000	–	9,557	–	0.05%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$151,000	–	35,000	–	0.04%	–
TBX	New	PROSHARES TRsht 7-10 yr tr	$116,000	–	4,000	–	0.03%	–
HIO	New	WESTERN ASSET HIGH INCM OPP	$96,000	–	20,000	–	0.03%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$91,000	–	4,000	–	0.03%	–
KYN	New	KAYNE ANDERSON MLP INVT CO	$57,000	–	3,000	–	0.02%	–
AWP	New	ABERDEEN GLOBAL PREMIER PPTY	$51,000	–	8,000	–	0.02%	–

Q4 2017

			Value		Shares		↓ Weighting
VXX	Exit	BARCLAYS BK PLCipath s&p500 vix	$0	–	-1,781	–	-0.03%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-5,000	–	-0.05%	–
TBX	Exit	PROSHARES TRsht 7-10 yr tr	$0	–	-4,000	–	-0.05%	–
SMM	Exit	SALIENT MIDSTREAM & MLP FDsh ben int	$0	–	-10,000	–	-0.05%	–
CXE	Exit	MFS HIGH INCOME MUN TRsh ben int	$0	–	-24,179	–	-0.06%	–
CEM	Exit	CLEARBRIDGE ENERGY MLP FD IN	$0	–	-12,242	–	-0.08%	–
DOG	Exit	PROSHARES TR	$0	–	-11,000	–	-0.08%	–
EHI	Exit	WESTERN ASSET GLB HI INCOME	$0	–	-23,810	–	-0.11%	–
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-48,150	–	-0.11%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-8,480	–	-0.12%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-20,000	–	-0.12%	–
DIAX	Exit	NUVEEN DOW 30 DYN OVERWRITE	$0	–	-25,314	–	-0.19%	–
DSU	Exit	BLACKROCK DEBT STRAT FD INC	$0	–	-36,957	–	-0.19%	–
MMU	Exit	WESTERN ASST MNGD MUN FD INC	$0	–	-34,831	–	-0.22%	–
TLI	Exit	WESTERN ASSET CORPORATE LN F	$0	–	-48,315	–	-0.24%	–
HIO	Exit	WESTERN ASSET HIGH INCM OPP	$0	–	-114,090	–	-0.26%	–
IGI	Exit	WESTERN ASSET INVT GRADE DEF	$0	–	-29,656	–	-0.28%	–
PFD	Exit	FLAHERTY & CRUMRINE PFD INC	$0	–	-45,495	–	-0.31%	–
BBK	Exit	BLACKROCK MUNICIPAL BOND TR	$0	–	-49,987	–	-0.35%	–
PFF	Exit	ISHARES TRu.s. pfd stk etf	$0	–	-20,450	–	-0.36%	–
MFM	Exit	MFS MUN INCOME TRsh ben int	$0	–	-110,452	–	-0.36%	–
RFI	Exit	COHEN & STEERS TOTAL RETURN	$0	–	-72,741	–	-0.41%	–
IGA	Exit	VOYA GLBL ADV & PREM OPP FD	$0	–	-80,338	–	-0.42%	–
PCI	Exit	PIMCO DYNAMIC CR INCOME FD	$0	–	-40,863	–	-0.42%	–
AVK	Exit	ADVENT CLAYMORE CV SECS & IN	$0	–	-62,608	–	-0.46%	–
PPR	Exit	VOYA PRIME RATE TRsh ben int	$0	–	-196,300	–	-0.46%	–
MVF	Exit	BLACKROCK MUNIVEST FD INC	$0	–	-106,960	–	-0.46%	–
BLW	Exit	BLACKROCK LTD DURATION INC T	$0	–	-66,587	–	-0.48%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOMEsh ben int	$0	–	-61,097	–	-0.49%	–
JRI	Exit	NUVEEN REAL ASSET INC & GROW	$0	–	-61,591	–	-0.50%	–
HYI	Exit	WESTERN ASSET HGH YLD DFNDFD	$0	–	-74,579	–	-0.52%	–
AGC	Exit	ADVENT CLAY CONV SEC INC FD	$0	–	-188,394	–	-0.53%	–
FCT	Exit	FIRST TR SR FLG RTE INCM FD	$0	–	-90,707	–	-0.55%	–
JPC	Exit	NUVEEN PFD & INCM OPPORTNYS	$0	–	-133,247	–	-0.63%	–
AWP	Exit	ALPINE GLOBAL PREMIER PPTYS	$0	–	-218,488	–	-0.65%	–
ISD	Exit	PRUDENTIAL SHT DURATION HG Y	$0	–	-95,364	–	-0.65%	–
BGX	Exit	BLACKSTONE GSO LNG SHRT CR I	$0	–	-96,467	–	-0.70%	–
HYMB	Exit	SPDR SERIES TRUSTnuv hghyld mun	$0	–	-28,805	–	-0.74%	–
MUS	Exit	BLACKROCK MUNIHOLDNGS QLTY I	$0	–	-121,082	–	-0.74%	–
EMD	Exit	WESTERN ASSET EMRG MKT DEBT	$0	–	-107,577	–	-0.76%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNI	$0	–	-193,809	–	-0.76%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-202,900	–	-0.77%	–
EIV	Exit	EATON VANCE MUN BD FD II	$0	–	-143,214	–	-0.81%	–
HNW	Exit	PIONEER DIV HIGH INCOME TRUS	$0	–	-109,423	–	-0.81%	–
DSL	Exit	DOUBLELINE INCOME SOLUTIONS	$0	–	-87,252	–	-0.83%	–
JHI	Exit	HANCOCK JOHN INVS TR	$0	–	-106,405	–	-0.87%	–
AFB	Exit	ALLIANCEBERNSTEIN NATL MUNI	$0	–	-145,772	–	-0.91%	–
JGH	Exit	NUVEEN GLOBAL HIGH INCOME FD	$0	–	-119,604	–	-0.93%	–
KTF	Exit	DEUTSCHE MUN INCOME	$0	–	-166,364	–	-0.95%	–
FMN	Exit	FEDERATED PREM MUN INC FD	$0	–	-147,925	–	-0.98%	–
BKN	Exit	BLACKROCK INVT QUALITY MUN T	$0	–	-147,823	–	-0.99%	–
KSM	Exit	DEUTSCHE STRATEGIC MUN	$0	–	-186,700	–	-1.02%	–
JPI	Exit	NUVEEN PFD & INCOME TERM FD	$0	–	-92,531	–	-1.04%	–
DMF	Exit	DREYFUS MUN INCOME INC	$0	–	-263,060	–	-1.08%	–
EVV	Exit	EATON VANCE LTD DUR INCOME F	$0	–	-173,415	–	-1.09%	–
WEA	Exit	WESTERN ASSET PREMIER BD FD	$0	–	-178,499	–	-1.11%	–
NCZ	Exit	ALLIANZGI CONV & INCOME FD I	$0	–	-425,666	–	-1.19%	–
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-212,706	–	-1.28%	–
NHS	Exit	NEUBERGER BERMAN HGH YLD FD	$0	–	-234,819	–	-1.28%	–
VKQ	Exit	INVESCO MUN TR	$0	–	-224,502	–	-1.29%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-253,919	–	-1.29%	–
PGX	Exit	POWERSHARES ETF TR IIpfd portfolio	$0	–	-195,759	–	-1.32%	–
ARDC	Exit	ARES DYNAMIC CR ALLOCATION F	$0	–	-180,928	–	-1.33%	–
PMF	Exit	PIMCO MUNICIPAL INCOME FD	$0	–	-218,588	–	-1.34%	–
VTA	Exit	INVESCO DYNAMIC CR OPP FD	$0	–	-255,089	–	-1.36%	–
AFT	Exit	APOLLO SR FLOATING RATE FD I	$0	–	-182,386	–	-1.37%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-210,908	–	-1.51%	–
NBH	Exit	NEUBERGER BERMAN INTER MUNI	$0	–	-220,632	–	-1.52%	–
MQT	Exit	BLACKROCK MUNIY QUALITY FD I	$0	–	-265,926	–	-1.59%	–
HIX	Exit	WESTERN ASSET HIGH INCM FD I	$0	–	-505,919	–	-1.64%	–
RA	Exit	BROOKFIELD REAL ASSETS INCOMsh ben int	$0	–	-155,799	–	-1.66%	–
NEV	Exit	NUVEEN ENHANCED MUN VALUE FD	$0	–	-262,797	–	-1.73%	–
DMB	Exit	DREYFUS MUN BD INFRSTRCTR FD	$0	–	-307,383	–	-1.84%	–
PHT	Exit	PIONEER HIGH INCOME TR	$0	–	-412,440	–	-1.85%	–
BFK	Exit	BLACKROCK MUN INCOME TRsh ben int	$0	–	-294,681	–	-1.89%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-347,670	–	-1.98%	–
NZF	Exit	NUVEEN MUNICIPAL CREDIT INC	$0	–	-298,875	–	-2.04%	–
PMM	Exit	PUTNAM MANAGED MUN INCOM TR	$0	–	-634,895	–	-2.15%	–
NVG	Exit	NUVEEN AMT FREE MUN CR INC F	$0	–	-312,389	–	-2.16%	–
MHI	Exit	PIONEER MUN HIGH INCOME TR	$0	–	-444,325	–	-2.40%	–
HYD	Exit	VANECK VECTORS ETF TRhigh yld mun etf	$0	–	-180,700	–	-2.54%	–
IQI	Exit	INVESCO QUALITY MUNI INC TRS	$0	–	-466,728	–	-2.68%	–
MAV	Exit	PIONEER MUN HIGH INCOME ADV	$0	–	-525,285	–	-2.72%	–
VMO	Exit	INVESCO MUN OPPORTUNITY TR	$0	–	-519,307	–	-3.03%	–
VKI	Exit	INVESCO ADVANTAGE MUNICIPALsh ben int	$0	–	-600,008	–	-3.10%	–
PMO	Exit	PUTNAM MUN OPPORTUNITIES TRsh ben int	$0	–	-547,264	–	-3.10%	–
EVN	Exit	EATON VANCE MUNI INCOME TRUSsh ben int	$0	–	-543,814	–	-3.16%	–
IIM	Exit	INVESCO VALUE MUN INCOME	$0	–	-488,619	–	-3.28%	–
NAD	Exit	NUVEEN QUALITY MUNCP INCOME	$0	–	-617,132	–	-3.93%	–
NEA	Exit	NUVEEN AMT FREE QLTY MUN INC	$0	–	-698,696	–	-4.34%	–

Q3 2017

			Value		Shares		↓ Weighting
NEA	Sell	NUVEEN AMT FREE QLTY MUN INC	$9,677,000	-14.0%	698,696	-15.0%	4.34%	-11.6%
NAD	Buy	NUVEEN QUALITY MUNCP INCOME	$8,757,000	+15.3%	617,132	+14.1%	3.93%	+18.5%
IIM	Buy	INVESCO VALUE MUN INCOME	$7,310,000	+1.7%	488,619	+3.2%	3.28%	+4.6%
EVN	Buy	EATON VANCE MUNI INCOME TRUSsh ben int	$7,042,000	+24.1%	543,814	+24.6%	3.16%	+27.5%
PMO	Buy	PUTNAM MUN OPPORTUNITIES TRsh ben int	$6,912,000	+20.3%	547,264	+19.1%	3.10%	+23.7%
VKI	Sell	INVESCO ADVANTAGE MUNICIPALsh ben int	$6,906,000	-1.2%	600,008	-0.8%	3.10%	+1.6%
VMO	Buy	INVESCO MUN OPPORTUNITY TR	$6,756,000	+20.1%	519,307	+20.8%	3.03%	+23.4%
MAV	Sell	PIONEER MUN HIGH INCOME ADV	$6,067,000	-11.3%	525,285	-10.1%	2.72%	-8.8%
IQI	Sell	INVESCO QUALITY MUNI INC TRS	$5,974,000	-12.3%	466,728	-12.8%	2.68%	-9.9%
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$5,658,000	–	180,700	–	2.54%	–
MHI	Sell	PIONEER MUN HIGH INCOME TR	$5,345,000	-23.1%	444,325	-22.5%	2.40%	-21.0%
NVG	Sell	NUVEEN AMT FREE MUN CR INC F	$4,808,000	-13.2%	312,389	-14.6%	2.16%	-10.8%
PMM	Buy	PUTNAM MANAGED MUN INCOM TR	$4,800,000	+13.2%	634,895	+12.4%	2.15%	+16.4%
NZF	Sell	NUVEEN MUNICIPAL CREDIT INC	$4,546,000	-17.8%	298,875	-19.4%	2.04%	-15.5%
EIM	Buy	EATON VANCE MUN BD FD	$4,408,000	+42.5%	347,670	+42.6%	1.98%	+46.4%
BFK	Buy	BLACKROCK MUN INCOME TRsh ben int	$4,208,000	+13.3%	294,681	+12.2%	1.89%	+16.5%
PHT	Buy	PIONEER HIGH INCOME TR	$4,133,000	+9.2%	412,440	+7.8%	1.85%	+12.2%
DMB	Buy	DREYFUS MUN BD INFRSTRCTR FD	$4,110,000	+9.3%	307,383	+7.0%	1.84%	+12.3%
NEV	Buy	NUVEEN ENHANCED MUN VALUE FD	$3,863,000	+19.0%	262,797	+16.2%	1.73%	+22.3%
HIX	Buy	WESTERN ASSET HIGH INCM FD I	$3,648,000	+24.6%	505,919	+24.3%	1.64%	+28.1%
MQT	Sell	BLACKROCK MUNIY QUALITY FD I	$3,547,000	-35.5%	265,926	-36.6%	1.59%	-33.7%
NBH	Sell	NEUBERGER BERMAN INTER MUNI	$3,389,000	-0.8%	220,632	-1.7%	1.52%	+2.0%
BGB	Buy	BLACKSTONE GSO STRATEGIC CR	$3,370,000	+6.7%	210,908	+6.3%	1.51%	+9.7%
AFT	Buy	APOLLO SR FLOATING RATE FD I	$3,055,000	+191.2%	182,386	+193.3%	1.37%	+199.1%
VTA	Buy	INVESCO DYNAMIC CR OPP FD	$3,041,000	+2.9%	255,089	+3.6%	1.36%	+5.7%
PMF	Sell	PIMCO MUNICIPAL INCOME FD	$2,988,000	-18.0%	218,588	-18.0%	1.34%	-15.7%
PGX	Buy	POWERSHARES ETF TR IIpfd portfolio	$2,942,000	+271.0%	195,759	+272.9%	1.32%	+281.2%
VKQ	Buy	INVESCO MUN TR	$2,867,000	+43.6%	224,502	+44.2%	1.29%	+47.6%
NHS	Buy	NEUBERGER BERMAN HGH YLD FD	$2,855,000	+19.9%	234,819	+17.2%	1.28%	+23.2%
VGM	Sell	INVESCO TR INVT GRADE MUNS	$2,850,000	-28.7%	212,706	-28.6%	1.28%	-26.7%
NCZ	Sell	ALLIANZGI CONV & INCOME FD I	$2,660,000	-5.3%	425,666	-5.7%	1.19%	-2.6%
EVV	Buy	EATON VANCE LTD DUR INCOME F	$2,433,000	+6.9%	173,415	+7.4%	1.09%	+9.9%
DMF	Sell	DREYFUS MUN INCOME INC	$2,402,000	-10.2%	263,060	-11.4%	1.08%	-7.7%
JPI	Buy	NUVEEN PFD & INCOME TERM FD	$2,330,000	+120.6%	92,531	+115.5%	1.04%	+126.7%
KSM	Buy	DEUTSCHE STRATEGIC MUN	$2,280,000	+64.5%	186,700	+68.0%	1.02%	+68.9%
BKN	Buy	BLACKROCK INVT QUALITY MUN T	$2,211,000	+30.9%	147,823	+29.8%	0.99%	+34.6%
FMN	Sell	FEDERATED PREM MUN INC FD	$2,174,000	-9.5%	147,925	-10.1%	0.98%	-7.0%
KTF	New	DEUTSCHE MUN INCOME	$2,114,000	–	166,364	–	0.95%	–
AFB	Sell	ALLIANCEBERNSTEIN NATL MUNI	$2,035,000	-58.1%	145,772	-58.9%	0.91%	-56.9%
JHI	Sell	HANCOCK JOHN INVS TR	$1,931,000	-9.9%	106,405	-14.8%	0.87%	-7.3%
DSL	Buy	DOUBLELINE INCOME SOLUTIONS	$1,854,000	+89.6%	87,252	+84.2%	0.83%	+94.6%
HNW	Buy	PIONEER DIV HIGH INCOME TRUS	$1,813,000	+27.4%	109,423	+26.2%	0.81%	+30.9%
EIV	Sell	EATON VANCE MUN BD FD II	$1,797,000	-1.4%	143,214	-0.6%	0.81%	+1.4%
JQC	Buy	NUVEEN CR STRATEGIES INCM FD	$1,723,000	+46.1%	202,900	+48.2%	0.77%	+50.4%
EMD	Buy	WESTERN ASSET EMRG MKT DEBT	$1,693,000	+2070.5%	107,577	+2051.5%	0.76%	+2132.4%
MUS	Sell	BLACKROCK MUNIHOLDNGS QLTY I	$1,647,000	-28.4%	121,082	-29.3%	0.74%	-26.3%
HYMB	New	SPDR SERIES TRUSTnuv hghyld mun	$1,645,000	–	28,805	–	0.74%	–
BGX	Buy	BLACKSTONE GSO LNG SHRT CR I	$1,551,000	+19.9%	96,467	+20.3%	0.70%	+23.2%
ISD	Buy	PRUDENTIAL SHT DURATION HG Y	$1,455,000	+326.7%	95,364	+326.4%	0.65%	+337.6%
AWP	Sell	ALPINE GLOBAL PREMIER PPTYS	$1,449,000	-1.1%	218,488	-5.4%	0.65%	+1.7%
JPC	Sell	NUVEEN PFD & INCM OPPORTNYS	$1,408,000	-1.3%	133,247	-2.9%	0.63%	+1.3%
FCT	Sell	FIRST TR SR FLG RTE INCM FD	$1,224,000	-8.7%	90,707	-9.9%	0.55%	-6.2%
AGC	Sell	ADVENT CLAY CONV SEC INC FD	$1,176,000	-32.5%	188,394	-32.6%	0.53%	-30.7%
HYI	Buy	WESTERN ASSET HGH YLD DFNDFD	$1,160,000	+121.4%	74,579	+117.6%	0.52%	+127.1%
JRI	New	NUVEEN REAL ASSET INC & GROW	$1,109,000	–	61,591	–	0.50%	–
BLW	Sell	BLACKROCK LTD DURATION INC T	$1,073,000	-11.7%	66,587	-13.6%	0.48%	-9.2%
MVF	Sell	BLACKROCK MUNIVEST FD INC	$1,038,000	-56.4%	106,960	-56.5%	0.46%	-55.2%
AVK	Sell	ADVENT CLAYMORE CV SECS & IN	$1,014,000	-40.1%	62,608	-40.3%	0.46%	-38.4%
IGA	Buy	VOYA GLBL ADV & PREM OPP FD	$925,000	+28.7%	80,338	+20.7%	0.42%	+32.2%
MFM	Buy	MFS MUN INCOME TRsh ben int	$795,000	+72.1%	110,452	+70.0%	0.36%	+76.7%
PFF	Sell	ISHARES TRu.s. pfd stk etf	$794,000	-63.7%	20,450	-63.4%	0.36%	-62.7%
BBK	Sell	BLACKROCK MUNICIPAL BOND TR	$777,000	-54.9%	49,987	-54.9%	0.35%	-53.7%
PFD	Buy	FLAHERTY & CRUMRINE PFD INC	$689,000	+488.9%	45,495	+509.8%	0.31%	+505.9%
IGI	Sell	WESTERN ASSET INVT GRADE DEF	$629,000	-22.8%	29,656	-20.7%	0.28%	-20.8%
HIO	New	WESTERN ASSET HIGH INCM OPP	$585,000	–	114,090	–	0.26%	–
TLI	New	WESTERN ASSET CORPORATE LN F	$525,000	–	48,315	–	0.24%	–
MMU	Sell	WESTERN ASST MNGD MUN FD INC	$488,000	-83.6%	34,831	-83.9%	0.22%	-83.2%
DIAX	Sell	NUVEEN DOW 30 DYN OVERWRITE	$429,000	-26.4%	25,314	-28.3%	0.19%	-24.4%
CXE	Sell	MFS HIGH INCOME MUN TRsh ben int	$127,000	-93.6%	24,179	-93.6%	0.06%	-93.4%
SMM	New	SALIENT MIDSTREAM & MLP FDsh ben int	$116,000	–	10,000	–	0.05%	–
VXX	New	BARCLAYS BK PLCipath s&p500 vix	$70,000	–	1,781	–	0.03%	–
VXX	Exit	BARCLAYS BK PLCipath s&p500 vix	$0	–	-7,125	–	-0.04%	–
NCV	Exit	ALLIANZGI CONV & INCOME FD	$0	–	-15,000	–	-0.05%	–
NML	Exit	NEUBERGER BERMAN MLP INCOME	$0	–	-12,000	–	-0.05%	–
IGD	Exit	VOYA GLBL EQTY DIV & PREM OP	$0	–	-19,545	–	-0.06%	–
PHD	Exit	PIONEER FLOATING RATE TR	$0	–	-14,000	–	-0.07%	–
MFD	Exit	MACQUARIE FT TR GB INF UT DI	$0	–	-15,000	–	-0.08%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-10,476	–	-0.09%	–
PMX	Exit	PIMCO MUN INCOME FD III	$0	–	-22,417	–	-0.12%	–
BTA	Exit	BLACKROCK LONG-TERM MUNI ADV	$0	–	-39,791	–	-0.20%	–
CMU	Exit	MFS HIGH YIELD MUN TRsh ben int	$0	–	-133,695	–	-0.27%	–
TSLF	Exit	THL CR SR LN FD	$0	–	-45,741	–	-0.35%	–
PCY	Exit	POWERSHARES ETF TR IIsovereign debt	$0	–	-28,521	–	-0.36%	–
PHF	Exit	PACHOLDER HIGH YIELD FD INC	$0	–	-124,310	–	-0.43%	–
DRA	Exit	DIVERSIFIED REAL ASSET INC F	$0	–	-61,438	–	-0.47%	–
PHB	Exit	POWERSHARES ETF TR IIfdm hg yld rafi	$0	–	-60,400	–	-0.50%	–
EFR	Exit	EATON VANCE SR FLTNG RTE TR	$0	–	-77,882	–	-0.51%	–
MUI	Exit	BLACKROCK MUNI INTER DR FD I	$0	–	-100,000	–	-0.61%	–
CHY	Exit	CALAMOS CONV & HIGH INCOME F	$0	–	-124,343	–	-0.64%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-111,216	–	-0.74%	–
FFC	Exit	FLAHERTY&CRMN PFD SEC INCOM	$0	–	-101,116	–	-0.97%	–
MFL	Exit	BLACKROCK MUNIHLDS INVSTM QL	$0	–	-200,884	–	-1.29%	–

Q2 2017

			Value		Shares		↓ Weighting
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$11,254,000	–	822,079	–	4.91%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$7,597,000	–	541,098	–	3.31%	–
IIM	New	INVESCO VALUE MUN INCOME	$7,185,000	–	473,642	–	3.14%	–
VKI	New	INVESCO ADVANTAGE MUNICIPALsh ben int	$6,988,000	–	605,008	–	3.05%	–
MHI	New	PIONEER MUN HIGH INCOME TR	$6,952,000	–	573,606	–	3.03%	–
MAV	New	PIONEER MUN HIGH INCOME ADV	$6,838,000	–	584,441	–	2.98%	–
IQI	New	INVESCO QUALITY MUNI INC TRS	$6,815,000	–	534,946	–	2.97%	–
PMO	New	PUTNAM MUN OPPORTUNITIES TRsh ben int	$5,745,000	–	459,586	–	2.51%	–
EVN	New	EATON VANCE MUNI INCOME TRUSsh ben int	$5,675,000	–	436,503	–	2.48%	–
VMO	New	INVESCO MUN OPPORTUNITY TR	$5,627,000	–	429,834	–	2.46%	–
NVG	New	NUVEEN ENHANCED AMT FREE MUN	$5,539,000	–	365,582	–	2.42%	–
NZF	New	NUVEEN ENHANCED MUN CREDIT O	$5,533,000	–	370,849	–	2.41%	–
MQT	New	BLACKROCK MUNIY QUALITY FD I	$5,503,000	–	419,440	–	2.40%	–
AFB	New	ALLIANCEBERNSTEIN NATL MUNI	$4,858,000	–	354,859	–	2.12%	–
PMM	New	PUTNAM MANAGED MUN INCOM TR	$4,241,000	–	564,760	–	1.85%	–
VGM	New	INVESCO TR INVT GRADE MUNS	$3,997,000	–	297,804	–	1.74%	–
PHT	New	PIONEER HIGH INCOME TR	$3,785,000	–	382,722	–	1.65%	–
DMB	New	DREYFUS MUN BD INFRSTRCTR FD	$3,762,000	–	287,158	–	1.64%	–
BFK	New	BLACKROCK MUN INCOME TRsh ben int	$3,713,000	–	262,589	–	1.62%	–
PMF	New	PIMCO MUNICIPAL INCOME FD	$3,642,000	–	266,624	–	1.59%	–
RA	New	BROOKFIELD REAL ASSETS INCOMsh ben int	$3,611,000	–	155,799	–	1.58%	–
NBH	New	NEUBERGER BERMAN INTER MUNI	$3,415,000	–	224,351	–	1.49%	–
NEV	New	NUVEEN ENHANCED MUN VALUE FD	$3,245,000	–	226,136	–	1.42%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$3,159,000	–	198,408	–	1.38%	–
EIM	New	EATON VANCE MUN BD FD	$3,094,000	–	243,836	–	1.35%	–
MMU	New	WESTERN ASST MNGD MUN FD INC	$2,984,000	–	216,353	–	1.30%	–
VTA	New	INVESCO DYNAMIC CR OPP FD	$2,956,000	–	246,111	–	1.29%	–
ARDC	New	ARES DYNAMIC CR ALLOCATION F	$2,958,000	–	180,928	–	1.29%	–
MFL	New	BLACKROCK MUNIHLDS INVSTM QL	$2,955,000	–	200,884	–	1.29%	–
HIX	New	WESTERN ASSET HIGH INCM FD I	$2,927,000	–	407,045	–	1.28%	–
NCZ	New	ALLIANZGI CONV & INCOME FD I	$2,809,000	–	451,626	–	1.22%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$2,783,000	–	253,919	–	1.21%	–
DMF	New	DREYFUS MUN INCOME INC	$2,676,000	–	297,027	–	1.17%	–
WEA	New	WESTERN ASSET PREMIER BD FD	$2,495,000	–	178,499	–	1.09%	–
FMN	New	FEDERATED PREM MUN INC FD	$2,402,000	–	164,526	–	1.05%	–
NHS	New	NEUBERGER BERMAN HGH YLD FD	$2,382,000	–	200,350	–	1.04%	–
MVF	New	BLACKROCK MUNIVEST FD INC	$2,381,000	–	245,936	–	1.04%	–
MUS	New	BLACKROCK MUNIHOLDNGS QLTY I	$2,300,000	–	171,151	–	1.00%	–
EVV	New	EATON VANCE LTD DUR INCOME F	$2,276,000	–	161,415	–	0.99%	–
FFC	New	FLAHERTY&CRMN PFD SEC INCOM	$2,222,000	–	101,116	–	0.97%	–
PFF	New	ISHARES TRu.s. pfd stk etf	$2,190,000	–	55,917	–	0.96%	–
JHI	New	HANCOCK JOHN INVS TR	$2,142,000	–	124,910	–	0.93%	–
JGH	New	NUVEEN GLOBAL HIGH INCOME FD	$2,018,000	–	119,604	–	0.88%	–
VKQ	New	INVESCO MUN TR	$1,997,000	–	155,663	–	0.87%	–
CXE	New	MFS HIGH INCOME MUN TRsh ben int	$1,978,000	–	380,380	–	0.86%	–
EIV	New	EATON VANCE MUN BD FD II	$1,823,000	–	144,014	–	0.80%	–
AGC	New	ADVENT CLAY CONV SEC INC FD	$1,741,000	–	279,513	–	0.76%	–
BBK	New	BLACKROCK MUNICIPAL BOND TR	$1,724,000	–	110,811	–	0.75%	–
MQY	New	BLACKROCK MUNIYIELD QUALITY	$1,707,000	–	111,216	–	0.74%	–
AVK	New	ADVENT CLAYMORE CV SECS & IN	$1,694,000	–	104,899	–	0.74%	–
BKN	New	BLACKROCK INVT QUALITY MUN T	$1,689,000	–	113,891	–	0.74%	–
EAD	New	WELLS FARGO INCOME OPPORTUNI	$1,659,000	–	193,809	–	0.72%	–
CHY	New	CALAMOS CONV & HIGH INCOME F	$1,472,000	–	124,343	–	0.64%	–
AWP	New	ALPINE GLOBAL PREMIER PPTYS	$1,465,000	–	231,058	–	0.64%	–
JPC	New	NUVEEN PFD INCOME OPPRTNY FD	$1,427,000	–	137,247	–	0.62%	–
HNW	New	PIONEER DIV HIGH INCOME TRUS	$1,423,000	–	86,722	–	0.62%	–
MUI	New	BLACKROCK MUNI INTER DR FD I	$1,404,000	–	100,000	–	0.61%	–
KSM	New	DEUTSCHE STRATEGIC MUN	$1,386,000	–	111,127	–	0.60%	–
FCT	New	FIRST TR SR FLG RTE INCM FD	$1,341,000	–	100,721	–	0.58%	–
BGX	New	BLACKSTONE GSO LNG SHRT CR I	$1,294,000	–	80,195	–	0.56%	–
BLW	New	BLACKROCK LTD DURATION INC T	$1,215,000	–	77,027	–	0.53%	–
JQC	New	NUVEEN CR STRATEGIES INCM FD	$1,179,000	–	136,900	–	0.51%	–
EFR	New	EATON VANCE SR FLTNG RTE TR	$1,161,000	–	77,882	–	0.51%	–
PHB	New	POWERSHARES ETF TR IIfdm hg yld rafi	$1,149,000	–	60,400	–	0.50%	–
PGZ	New	PRINCIPAL REAL ESTATE INCOMEsh ben int	$1,105,000	–	61,097	–	0.48%	–
DRA	New	DIVERSIFIED REAL ASSET INC F	$1,072,000	–	61,438	–	0.47%	–
PPR	New	VOYA PRIME RATE TRsh ben int	$1,056,000	–	196,300	–	0.46%	–
JPI	New	NUVEEN PFD AND INC TERM FD	$1,056,000	–	42,931	–	0.46%	–
AFT	New	APOLLO SR FLOATING RATE FD I	$1,049,000	–	62,185	–	0.46%	–
PHF	New	PACHOLDER HIGH YIELD FD INC	$990,000	–	124,310	–	0.43%	–
DSL	New	DOUBLELINE INCOME SOLUTIONS	$978,000	–	47,369	–	0.43%	–
RFI	New	COHEN & STEERS TOTAL RETURN	$915,000	–	72,741	–	0.40%	–
PCI	New	PIMCO DYNAMIC CR INCOME FD	$912,000	–	40,863	–	0.40%	–
PCY	New	POWERSHARES ETF TR IIsovereign debt	$835,000	–	28,521	–	0.36%	–
IGI	New	WESTERN ASSET INVT GRADE DEF	$815,000	–	37,420	–	0.36%	–
TSLF	New	THL CR SR LN FD	$811,000	–	45,741	–	0.35%	–
PGX	New	POWERSHARES ETF TR IIpfd portfolio	$793,000	–	52,500	–	0.35%	–
IGA	New	VOYA GLBL ADV & PREM OPP FD	$719,000	–	66,538	–	0.31%	–
CMU	New	MFS HIGH YIELD MUN TRsh ben int	$628,000	–	133,695	–	0.27%	–
DIAX	New	NUVEEN DOW 30 DYN OVERWRITE	$583,000	–	35,314	–	0.25%	–
HYI	New	WESTERN ASSET HGH YLD DFNDFD	$524,000	–	34,279	–	0.23%	–
BTA	New	BLACKROCK LONG-TERM MUNI ADV	$470,000	–	39,791	–	0.20%	–
MFM	New	MFS MUN INCOME TRsh ben int	$462,000	–	64,978	–	0.20%	–
DSU	New	BLACKROCK DEBT STRAT FD INC	$426,000	–	36,957	–	0.19%	–
ISD	New	PRUDENTIAL SHT DURATION HG Y	$341,000	–	22,364	–	0.15%	–
SH	New	PROSHARES TRshort s&p 500 ne	$284,000	–	8,480	–	0.12%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$269,000	–	20,000	–	0.12%	–
PMX	New	PIMCO MUN INCOME FD III	$263,000	–	22,417	–	0.12%	–
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$241,000	–	48,150	–	0.10%	–
EHI	New	WESTERN ASSET GLB HI INCOME	$240,000	–	23,810	–	0.10%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$207,000	–	10,476	–	0.09%	–
MFD	New	MACQUARIE FT TR GB INF UT DI	$195,000	–	15,000	–	0.08%	–
DOG	New	PROSHARES TR	$192,000	–	11,000	–	0.08%	–
CEM	New	CLEARBRIDGE ENERGY MLP FD IN	$187,000	–	12,242	–	0.08%	–
PHD	New	PIONEER FLOATING RATE TR	$167,000	–	14,000	–	0.07%	–
IGD	New	VOYA GLBL EQTY DIV & PREM OP	$148,000	–	19,545	–	0.06%	–
PFD	New	FLAHERTY & CRUMRINE PFD INC	$117,000	–	7,461	–	0.05%	–
NML	New	NEUBERGER BERMAN MLP INCOME	$115,000	–	12,000	–	0.05%	–
TBX	New	PROSHARES TRsht 7-10 yr tr	$113,000	–	4,000	–	0.05%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$112,000	–	5,000	–	0.05%	–
NCV	New	ALLIANZGI CONV & INCOME FD	$105,000	–	15,000	–	0.05%	–
VXX	New	BARCLAYS BK PLCipath s&p500 vix	$91,000	–	7,125	–	0.04%	–
EMD	New	WESTERN ASSET EMRG MKT DEBT	$78,000	–	5,000	–	0.03%	–

Q4 2016

			Value		Shares		↓ Weighting
REM	Exit	ISHARES TRmrg rl es cp etf	$0	–	-10,000	–	-0.05%	–
BIZD	Exit	VANECK VECTORS ETF TR	$0	–	-6,200	–	-0.06%	–
TBF	Exit	PROSHARES TRshrt 20+yr tre	$0	–	-5,625	–	-0.06%	–
TBX	Exit	PROSHARES TRsht 7-10 yr tr	$0	–	-4,735	–	-0.06%	–
CEM	Exit	CLEARBRIDGE ENERGY MLP FD IN	$0	–	-8,367	–	-0.07%	–
SMM	Exit	SALIENT MIDSTREAM & MLP FDsh ben int	$0	–	-11,400	–	-0.07%	–
RFI	Exit	COHEN & STEERS TOTAL RETURN	$0	–	-12,900	–	-0.08%	–
AGC	Exit	ADVENT CLAY CONV SEC INC FD	$0	–	-31,412	–	-0.09%	–
BGH	Exit	BARINGS GLOBAL SHORT DURATIO	$0	–	-10,476	–	-0.10%	–
TLI	Exit	WESTERN ASSET CORPORATE LN F	$0	–	-19,800	–	-0.11%	–
GLO	Exit	CLOUGH GLOBAL OPPORTUNITIESsh ben int	$0	–	-22,010	–	-0.11%	–
WEA	Exit	WESTERN ASSET PREMIER BD FD	$0	–	-16,180	–	-0.11%	–
GAB	Exit	GABELLI EQUITY TR INC	$0	–	-40,020	–	-0.11%	–
VGI	Exit	VIRTUS GLOBAL MULTI-SEC INC	$0	–	-15,000	–	-0.12%	–
EHI	Exit	WESTERN ASSET GLB HI INCOME	$0	–	-23,810	–	-0.12%	–
MFD	Exit	MACQUARIE FT TR GB INF UT DI	$0	–	-19,413	–	-0.12%	–
FAX	Exit	ABERDEEN ASIA PACIFIC INCOM	$0	–	-48,150	–	-0.12%	–
BTZ	Exit	BLACKROCK CR ALLCTN INC TR	$0	–	-20,000	–	-0.13%	–
SH	Exit	PROSHARES TRshort s&p 500 ne	$0	–	-8,480	–	-0.16%	–
VLT	Exit	INVESCO HIGH INCOME TR II	$0	–	-23,113	–	-0.17%	–
ISD	Exit	PRUDENTIAL SHT DURATION HG Y	$0	–	-22,364	–	-0.18%	–
VXX	Exit	BARCLAYS BK PLCipath s&p500 vix	$0	–	-10,700	–	-0.18%	–
IGA	Exit	VOYA GLBL ADV & PREM OPP FD	$0	–	-36,813	–	-0.19%	–
IGD	Exit	VOYA GLBL EQTY DIV & PREM OP	$0	–	-60,468	–	-0.22%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-60,100	–	-0.26%	–
CMU	Exit	MFS HIGH YIELD MUN TRsh ben int	$0	–	-101,195	–	-0.26%	–
BBK	Exit	BLACKROCK MUNICIPAL BOND TR	$0	–	-30,024	–	-0.27%	–
CXH	Exit	MFS INVT GRADE MUN TRsh ben int	$0	–	-53,176	–	-0.28%	–
EFF	Exit	EATON VANCE FLTG RATE INCOM	$0	–	-35,822	–	-0.28%	–
DIAX	Exit	NUVEEN DOW 30 DYN OVERWRITE	$0	–	-40,314	–	-0.29%	–
SBI	Exit	WESTERN ASSET INTM MUNI FD I	$0	–	-56,888	–	-0.30%	–
PML	Exit	PIMCO MUN INCOME FD II	$0	–	-44,453	–	-0.30%	–
JRS	Exit	NUVEEN REAL ESTATE INCOME FD	$0	–	-55,232	–	-0.33%	–
HYB	Exit	NEW AMER HIGH INCOME FD INC	$0	–	-75,485	–	-0.35%	–
EOT	Exit	EATON VANCE NATL MUN OPPORT	$0	–	-30,000	–	-0.35%	–
MUE	Exit	BLACKROCK MUNIHLDNGS QLTY II	$0	–	-50,948	–	-0.38%	–
JRO	Exit	NUVEEN FLTNG RTE INCM OPP FD	$0	–	-71,706	–	-0.40%	–
MMU	Exit	WESTERN ASST MNGD MUN FD INC	$0	–	-54,506	–	-0.42%	–
PCI	Exit	PIMCO DYNAMIC CR INCOME FD	$0	–	-40,863	–	-0.42%	–
VVR	Exit	INVESCO SR INCOME TR	$0	–	-201,032	–	-0.44%	–
PHF	Exit	PACHOLDER HIGH YIELD FD INC	$0	–	-124,310	–	-0.44%	–
VKQ	Exit	INVESCO MUN TR	$0	–	-68,285	–	-0.47%	–
HNW	Exit	PIONEER DIV HIGH INCOME TRUS	$0	–	-61,238	–	-0.50%	–
IDE	Exit	VOYA INFRASTRUCTURE INDLS & MT	$0	–	-74,247	–	-0.50%	–
JPW	Exit	NUVEEN FLEXIBLE INVT INCOME	$0	–	-60,084	–	-0.52%	–
PPR	Exit	VOYA PRIME RATE TRsh ben int	$0	–	-196,300	–	-0.52%	–
DRA	Exit	DIVERSIFIED REAL ASSET INC F	$0	–	-61,438	–	-0.53%	–
PGZ	Exit	PRINCIPAL REAL ESTATE INCOMEsh ben int	$0	–	-61,097	–	-0.54%	–
NSL	Exit	NUVEEN SR INCOME FD	$0	–	-167,958	–	-0.55%	–
FMN	Exit	FEDERATED PREM MUN INC FD	$0	–	-69,599	–	-0.56%	–
PKO	Exit	PIMCO INCOME OPPORTUNITY FD	$0	–	-48,837	–	-0.57%	–
AVK	Exit	ADVENT CLAYMORE CV SECS & IN	$0	–	-81,808	–	-0.60%	–
BLW	Exit	BLACKROCK LTD DURATION INC T	$0	–	-77,027	–	-0.60%	–
EFR	Exit	EATON VANCE SR FLTNG RTE TR	$0	–	-86,561	–	-0.61%	–
BGX	Exit	BLACKSTONE GSO LNG SHRT CR I	$0	–	-80,195	–	-0.62%	–
AWP	Exit	ALPINE GLOBAL PREMIER PPTYS	$0	–	-231,058	–	-0.64%	–
LEO	Exit	DREYFUS STRATEGIC MUNS INC	$0	–	-149,650	–	-0.70%	–
HYMB	Exit	SPDR SERIES TRUSTnuv hghyld mun	$0	–	-24,000	–	-0.72%	–
NCV	Exit	ALLIANZGI CONV & INCOME FD	$0	–	-230,711	–	-0.78%	–
BOI	Exit	BROOKFIELD MTG OPP INC FD IN	$0	–	-104,386	–	-0.79%	–
EAD	Exit	WELLS FARGO INCOME OPPORTUNI	$0	–	-189,942	–	-0.80%	–
HYT	Exit	BLACKROCK CORPOR HI YLD FD I	$0	–	-148,919	–	-0.81%	–
KYN	Exit	KAYNE ANDERSON MLP INVT CO	$0	–	-79,198	–	-0.82%	–
MYD	Exit	BLACKROCK MUNIYIELD FD INC	$0	–	-110,500	–	-0.88%	–
AFT	Exit	APOLLO SR FLOATING RATE FD I	$0	–	-106,333	–	-0.90%	–
JGH	Exit	NUVEEN GLOBAL HIGH INCOME FD	$0	–	-119,604	–	-0.94%	–
CHY	Exit	CALAMOS CONV & HIGH INCOME F	$0	–	-170,720	–	-0.94%	–
VKI	Exit	INVESCO ADVANTAGE MUNICIPALsh ben int	$0	–	-154,890	–	-0.96%	–
MFM	Exit	MFS MUN INCOME TRsh ben int	$0	–	-256,415	–	-0.96%	–
NHS	Exit	NEUBERGER BERMAN HGH YLD FD	$0	–	-170,350	–	-1.01%	–
MHD	Exit	BLACKROCK MUNIHOLDINGS FD IN	$0	–	-113,657	–	-1.05%	–
JHI	Exit	HANCOCK JOHN INVS TR	$0	–	-126,423	–	-1.06%	–
HHY	Exit	BROOKFIELD HIGH INCOME FD IN	$0	–	-290,925	–	-1.07%	–
DMF	Exit	DREYFUS MUN INCOME INC	$0	–	-229,224	–	-1.10%	–
EVV	Exit	EATON VANCE LTD DUR INCOME F	$0	–	-161,415	–	-1.11%	–
CXE	Exit	MFS HIGH INCOME MUN TRsh ben int	$0	–	-435,353	–	-1.17%	–
BYM	Exit	BLACKROCK MUNICIPL INC QLTY	$0	–	-154,142	–	-1.21%	–
BKN	Exit	BLACKROCK INVT QUALITY MUN T	$0	–	-141,732	–	-1.22%	–
ARDC	Exit	ARES DYNAMIC CR ALLOCATION F	$0	–	-176,733	–	-1.32%	–
EIV	Exit	EATON VANCE MUN BD FD II	$0	–	-194,977	–	-1.32%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-178,408	–	-1.34%	–
MQT	Exit	BLACKROCK MUNIY QUALITY FD I	$0	–	-188,717	–	-1.34%	–
PHT	Exit	PIONEER HIGH INCOME TR	$0	–	-257,218	–	-1.36%	–
HIX	Exit	WESTERN ASSET HIGH INCM FD I	$0	–	-379,545	–	-1.37%	–
NCZ	Exit	ALLIANZGI CONV & INCOME FD I	$0	–	-464,826	–	-1.38%	–
MYI	Exit	BLACKROCK MUNIYIELD QLTY FD	$0	–	-208,231	–	-1.59%	–
VGM	Exit	INVESCO TR INVT GRADE MUNS	$0	–	-227,228	–	-1.61%	–
MMD	Exit	MAINSTAY DEFINEDTERM MN OPP	$0	–	-162,475	–	-1.66%	–
MEN	Exit	BLACKROCK MUNIENHANCED FD IN	$0	–	-274,188	–	-1.75%	–
HYD	Exit	VANECK VECTORS ETF TRhigh yld mun etf	$0	–	-117,800	–	-1.91%	–
DMB	Exit	DREYFUS MUN BD INFRSTRCTR FD	$0	–	-278,193	–	-1.96%	–
MQY	Exit	BLACKROCK MUNIYIELD QUALITY	$0	–	-236,732	–	-1.96%	–
PMM	Exit	PUTNAM MANAGED MUN INCOM TR	$0	–	-523,693	–	-2.10%	–
BLE	Exit	BLACKROCK MUNI INCOME TR II	$0	–	-260,913	–	-2.11%	–
PMO	Exit	PUTNAM MUN OPPORTUNITIES TRsh ben int	$0	–	-359,205	–	-2.40%	–
AFB	Exit	ALLIANCEBERNSTEIN NATL MUNI	$0	–	-338,168	–	-2.50%	–
MHI	Exit	PIONEER MUN HIGH INCOME TR	$0	–	-380,070	–	-2.51%	–
MAV	Exit	PIONEER MUN HIGH INCOME ADV	$0	–	-385,289	–	-2.53%	–
BFK	Exit	BLACKROCK MUN INCOME TRsh ben int	$0	–	-344,359	–	-2.74%	–
EIM	Exit	EATON VANCE MUN BD FD	$0	–	-407,158	–	-2.78%	–
EVN	Exit	EATON VANCE MUNI INCOME TRUSsh ben int	$0	–	-397,909	–	-2.84%	–
NVG	Exit	NUVEEN ENHANCED AMT FREE MUN	$0	–	-375,504	–	-3.03%	–
NZF	Exit	NUVEEN ENHANCED MUN CREDIT O	$0	–	-414,189	–	-3.27%	–
NAD	Exit	NUVEEN QUALITY MUNCP INCOME	$0	–	-710,863	–	-5.38%	–
NEA	Exit	NUVEEN AMT FREE QLTY MUN INC	$0	–	-822,079	–	-6.02%	–

Q3 2016

			Value		Shares		↓ Weighting
NEA	New	NUVEEN AMT FREE QLTY MUN INC	$12,002,000	–	822,079	–	6.02%	–
NAD	New	NUVEEN QUALITY MUNCP INCOME	$10,713,000	–	710,863	–	5.38%	–
EIM	Buy	EATON VANCE MUN BD FD	$5,545,000	-1.9%	407,158	+2.0%	2.78%	-14.9%
BFK	Buy	BLACKROCK MUN INCOME TRsh ben int	$5,448,000	+187.6%	344,359	+187.5%	2.74%	+149.5%
MAV	Buy	PIONEER MUN HIGH INCOME ADV	$5,043,000	+16.4%	385,289	+25.5%	2.53%	+1.0%
MHI	Buy	PIONEER MUN HIGH INCOME TR	$5,006,000	+65.8%	380,070	+80.1%	2.51%	+43.8%
AFB	Buy	ALLIANCEBERNSTEIN NATL MUNI	$4,981,000	+12.6%	338,168	+15.3%	2.50%	-2.4%
PMO	Buy	PUTNAM MUN OPPORTUNITIES TRsh ben int	$4,792,000	+40.1%	359,205	+40.5%	2.40%	+21.5%
BLE	Buy	BLACKROCK MUNI INCOME TR II	$4,203,000	+792.4%	260,913	+815.7%	2.11%	+672.9%
PMM	Buy	PUTNAM MANAGED MUN INCOM TR	$4,174,000	+15.0%	523,693	+15.9%	2.10%	-0.3%
MQY	Buy	BLACKROCK MUNIYIELD QUALITY	$3,911,000	+15.9%	236,732	+18.2%	1.96%	+0.5%
DMB	Buy	DREYFUS MUN BD INFRSTRCTR FD	$3,903,000	+4.0%	278,193	+5.8%	1.96%	-9.8%
HYD	Buy	VANECK VECTORS ETF TRhigh yld mun etf	$3,799,000	+683.3%	117,800	+685.3%	1.91%	+578.6%
MEN	Buy	BLACKROCK MUNIENHANCED FD IN	$3,482,000	+11.5%	274,188	+12.7%	1.75%	-3.3%
MMD	Buy	MAINSTAY DEFINEDTERM MN OPP	$3,305,000	+57.9%	162,475	+60.5%	1.66%	+37.0%
VGM	New	INVESCO TR INVT GRADE MUNS	$3,204,000	–	227,228	–	1.61%	–
MYI	Buy	BLACKROCK MUNIYIELD QLTY FD	$3,169,000	+58.2%	208,231	+62.8%	1.59%	+37.3%
HIX	Buy	WESTERN ASSET HIGH INCM FD I	$2,725,000	+124.8%	379,545	+117.3%	1.37%	+95.1%
PHT	Buy	PIONEER HIGH INCOME TR	$2,703,000	+29.3%	257,218	+24.1%	1.36%	+12.1%
MQT	Buy	BLACKROCK MUNIY QUALITY FD I	$2,676,000	+245.3%	188,717	+252.4%	1.34%	+199.1%
BGB	Buy	BLACKSTONE GSO STRATEGIC CR	$2,662,000	+28.4%	178,408	+23.8%	1.34%	+11.3%
EIV	Buy	EATON VANCE MUN BD FD II	$2,632,000	+34.3%	194,977	+38.8%	1.32%	+16.5%
ARDC	Buy	ARES DYNAMIC CR ALLOCATION F	$2,624,000	+341.0%	176,733	+308.3%	1.32%	+282.8%
BKN	Buy	BLACKROCK INVT QUALITY MUN T	$2,422,000	-2.5%	141,732	+2.1%	1.22%	-15.4%
BYM	Buy	BLACKROCK MUNICIPL INC QLTY	$2,414,000	+104.4%	154,142	+112.1%	1.21%	+77.5%
CXE	Buy	MFS HIGH INCOME MUN TRsh ben int	$2,333,000	-1.5%	435,353	+1.1%	1.17%	-14.6%
EVV	Buy	EATON VANCE LTD DUR INCOME F	$2,213,000	+64.2%	161,415	+60.9%	1.11%	+42.4%
HHY	Buy	BROOKFIELD HIGH INCOME FD IN	$2,130,000	+5.2%	290,925	+3.6%	1.07%	-8.8%
JHI	Sell	HANCOCK JOHN INVS TR	$2,111,000	-6.5%	126,423	-9.8%	1.06%	-18.9%
MHD	Buy	BLACKROCK MUNIHOLDINGS FD IN	$2,092,000	+108.0%	113,657	+114.0%	1.05%	+80.4%
NHS	Buy	NEUBERGER BERMAN HGH YLD FD	$2,020,000	+30.3%	170,350	+20.3%	1.01%	+13.0%
MFM	Buy	MFS MUN INCOME TRsh ben int	$1,921,000	+57.1%	256,415	+59.0%	0.96%	+36.2%
VKI	New	INVESCO ADVANTAGE MUNICIPALsh ben int	$1,904,000	–	154,890	–	0.96%	–
CHY	Sell	CALAMOS CONV & HIGH INCOME F	$1,880,000	-6.7%	170,720	-10.1%	0.94%	-19.0%
AFT	Buy	APOLLO SR FLOATING RATE FD I	$1,800,000	+32.0%	106,333	+23.2%	0.90%	+14.4%
MYD	Buy	BLACKROCK MUNIYIELD FD INC	$1,755,000	+75.1%	110,500	+77.5%	0.88%	+51.9%
KYN	New	KAYNE ANDERSON MLP INVT CO	$1,634,000	–	79,198	–	0.82%	–
EAD	Sell	WELLS FARGO INCOME OPPORTUNI	$1,588,000	-9.1%	189,942	-14.1%	0.80%	-21.2%
BOI	Buy	BROOKFIELD MTG OPP INC FD IN	$1,566,000	+51.7%	104,386	+50.4%	0.79%	+31.7%
NCV	Sell	ALLIANZGI CONV & INCOME FD	$1,557,000	-17.2%	230,711	-24.6%	0.78%	-28.2%
HYMB	Sell	SPDR SERIES TRUSTnuv hghyld mun	$1,424,000	-4.7%	24,000	-4.0%	0.72%	-17.3%
LEO	New	DREYFUS STRATEGIC MUNS INC	$1,399,000	–	149,650	–	0.70%	–
AWP	Buy	ALPINE GLOBAL PREMIER PPTYS	$1,282,000	+10.6%	231,058	+9.5%	0.64%	-4.2%
AVK	Buy	ADVENT CLAYMORE CV SECS & IN	$1,193,000	+8.1%	81,808	+3.3%	0.60%	-6.3%
FMN	Sell	FEDERATED PREM MUN INC FD	$1,118,000	-7.8%	69,599	-4.8%	0.56%	-20.0%
PGZ	New	PRINCIPAL REAL ESTATE INCOMEsh ben int	$1,078,000	–	61,097	–	0.54%	–
DRA	Buy	DIVERSIFIED REAL ASSET INC F	$1,059,000	+16.2%	61,438	+11.6%	0.53%	+0.9%
JPW	Buy	NUVEEN FLEXIBLE INVT INCOME	$1,032,000	+16.0%	60,084	+6.8%	0.52%	+0.6%
HNW	Buy	PIONEER DIV HIGH INCOME TRUS	$999,000	+37.6%	61,238	+32.4%	0.50%	+19.3%
VKQ	Sell	INVESCO MUN TR	$942,000	-16.4%	68,285	-13.9%	0.47%	-27.5%
PHF	Sell	PACHOLDER HIGH YIELD FD INC	$886,000	-14.4%	124,310	-15.0%	0.44%	-25.7%
VVR	Sell	INVESCO SR INCOME TR	$870,000	0.0%	201,032	-3.4%	0.44%	-13.1%
MMU	Sell	WESTERN ASST MNGD MUN FD INC	$826,000	-64.7%	54,506	-64.7%	0.42%	-69.3%
MUE	New	BLACKROCK MUNIHLDNGS QLTY II	$753,000	–	50,948	–	0.38%	–
EOT	Sell	EATON VANCE NATL MUN OPPORT	$700,000	-41.8%	30,000	-42.5%	0.35%	-49.6%
HYB	Buy	NEW AMER HIGH INCOME FD INC	$695,000	+8.8%	75,485	+0.9%	0.35%	-5.7%
JRS	Sell	NUVEEN REAL ESTATE INCOME FD	$656,000	-35.9%	55,232	-35.3%	0.33%	-44.5%
PML	Sell	PIMCO MUN INCOME FD II	$607,000	-63.9%	44,453	-63.1%	0.30%	-68.7%
SBI	Sell	WESTERN ASSET INTM MUNI FD I	$600,000	-54.7%	56,888	-54.6%	0.30%	-60.8%
DIAX	Sell	NUVEEN DOW 30 DYN OVERWRITE	$581,000	-6.3%	40,314	-5.6%	0.29%	-18.7%
EFF	New	EATON VANCE FLTG RATE INCOM	$560,000	–	35,822	–	0.28%	–
CXH	Sell	MFS INVT GRADE MUN TRsh ben int	$552,000	-11.3%	53,176	-9.5%	0.28%	-23.1%
BBK	Sell	BLACKROCK MUNICIPAL BOND TR	$539,000	-54.4%	30,024	-54.2%	0.27%	-60.4%
CMU	Sell	MFS HIGH YIELD MUN TRsh ben int	$513,000	-55.7%	101,195	-57.0%	0.26%	-61.6%
JQC	Sell	NUVEEN CR STRATEGIES INCM FD	$510,000	-27.9%	60,100	-31.3%	0.26%	-37.4%
IGA	Buy	VOYA GLBL ADV & PREM OPP FD	$373,000	+51.0%	36,813	+47.3%	0.19%	+30.8%
VXX	New	BARCLAYS BK PLCipath s&p500 vix	$365,000	–	10,700	–	0.18%	–
VLT	New	INVESCO HIGH INCOME TR II	$338,000	–	23,113	–	0.17%	–
SH	Buy	PROSHARES TRshort s&p 500 ne	$323,000	+16.6%	8,480	+21.5%	0.16%	+1.2%
FAX	New	ABERDEEN ASIA PACIFIC INCOM	$247,000	–	48,150	–	0.12%	–
MFD	New	MACQUARIE FT TR GB INF UT DI	$245,000	–	19,413	–	0.12%	–
EHI	New	WESTERN ASSET GLB HI INCOME	$243,000	–	23,810	–	0.12%	–
GAB	Sell	GABELLI EQUITY TR INC	$226,000	-10.7%	40,020	-13.0%	0.11%	-22.6%
WEA	Sell	WESTERN ASSET PREMIER BD FD	$217,000	-19.0%	16,180	-19.8%	0.11%	-29.7%
TLI	New	WESTERN ASSET CORPORATE LN F	$212,000	–	19,800	–	0.11%	–
BGH	New	BARINGS GLOBAL SHORT DURATIO	$195,000	–	10,476	–	0.10%	–
AGC	New	ADVENT CLAY CONV SEC INC FD	$181,000	–	31,412	–	0.09%	–
RFI	New	COHEN & STEERS TOTAL RETURN	$170,000	–	12,900	–	0.08%	–
SMM	New	SALIENT MIDSTREAM & MLP FDsh ben int	$145,000	–	11,400	–	0.07%	–
CEM	New	CLEARBRIDGE ENERGY MLP FD IN	$136,000	–	8,367	–	0.07%	–
TBX	Sell	PROSHARES TRsht 7-10 yr tr	$130,000	-8.5%	4,735	-9.6%	0.06%	-20.7%
TBF	Sell	PROSHARES TRshrt 20+yr tre	$118,000	-9.9%	5,625	-9.6%	0.06%	-22.4%
IVH	Exit	IVY HIGH INC OPPORTUNITIES F	$0	–	-4,500	–	-0.04%	–
JDD	Exit	NUVEEN DIVERSIFIED DIV INCM	$0	–	-8,805	–	-0.06%	–
EFT	Exit	EATON VANCE FLTING RATE INC	$0	–	-11,500	–	-0.09%	–
BGH	Exit	BABSON CAP GLB SHT DURHGH YL	$0	–	-10,476	–	-0.11%	–
PCM	Exit	PCM FUND INC	$0	–	-24,587	–	-0.14%	–
GPM	Exit	GUGGENHEIM ENHNCD EQTY INCM	$0	–	-32,800	–	-0.14%	–
KSM	Exit	DEUTSCHE STRATEGIC MUN INCOM	$0	–	-23,384	–	-0.19%	–
BTA	Exit	BLACKROCK LONG-TERM MUNI ADV	$0	–	-27,386	–	-0.20%	–
NPP	Exit	NUVEEN PERFORMANCE PLUS MUN	$0	–	-32,350	–	-0.31%	–
IQI	Exit	INVESCO QUALITY MUNI INC TRS	$0	–	-38,606	–	-0.31%	–
VXX	Exit	BARCLAYS BK PLCipath s&p500 vix	$0	–	-42,300	–	-0.34%	–
E103PS	Exit	WESTERN ASSET EMRG MKT INCM	$0	–	-60,418	–	-0.38%	–
BTT	Exit	BLACKROCK MUN 2030 TAR TERM	$0	–	-32,240	–	-0.45%	–
MUH	Exit	BLACKROCK MUNIHLDGS FD II IN	$0	–	-50,020	–	-0.49%	–
MUI	Exit	BLACKROCK MUNI INTER DR FD I	$0	–	-70,916	–	-0.63%	–
NEV	Exit	NUVEEN ENHANCED MUN VALUE FD	$0	–	-77,644	–	-0.74%	–
NQS	Exit	NUVEEN SELECT QUALITY MUN FD	$0	–	-84,303	–	-0.76%	–
NQM	Exit	NUVEEN INVT QUALITY MUN FD I	$0	–	-80,560	–	-0.78%	–
MYF	Exit	BLACKROCK MUNIYIELD INVST FD	$0	–	-81,158	–	-0.79%	–
FMO	Exit	FIDUCIARY CLAYMORE MLP OPP F	$0	–	-104,355	–	-0.83%	–
NPF	Exit	NUVEEN PREMIER MUN INCOME FD	$0	–	-121,503	–	-1.06%	–
ETX	Exit	EATON VANCE MUN INCOME 2028	$0	–	-94,160	–	-1.16%	–
KTF	Exit	DEUTSCHE MUN INCOME	$0	–	-139,478	–	-1.17%	–
NMO	Exit	NUVEEN MUN MKT OPPORTUNITY F	$0	–	-199,084	–	-1.74%	–
PMX	Exit	PIMCO MUN INCOME FD III	$0	–	-325,520	–	-2.43%	–
NPM	Exit	NUVEEN PREM INCOME MUN FD 2	$0	–	-291,947	–	-2.62%	–
NPI	Exit	NUVEEN PREM INCOME MUN FD	$0	–	-342,964	–	-3.06%	–

Q2 2016

			Value		Shares		↓ Weighting
NZF	New	NUVEEN ENHANCED MUN CREDIT O	$6,594,000	–	414,189	–	3.82%	–
NVG	New	NUVEEN ENHANCED AMT FREE MUN	$6,106,000	–	375,504	–	3.53%	–
EVN	New	EATON VANCE MUNI INCOME TRUSsh ben int	$5,849,000	–	397,909	–	3.38%	–
EIM	New	EATON VANCE MUN BD FD	$5,654,000	–	399,042	–	3.27%	–
NPI	New	NUVEEN PREM INCOME MUN FD	$5,292,000	–	342,964	–	3.06%	–
NPM	New	NUVEEN PREM INCOME MUN FD 2	$4,522,000	–	291,947	–	2.62%	–
AFB	New	ALLIANCEBERNSTEIN NATL MUNI	$4,425,000	–	293,213	–	2.56%	–
MAV	New	PIONEER MUN HIGH INCOME ADV	$4,331,000	–	306,958	–	2.51%	–
PMX	New	PIMCO MUN INCOME FD III	$4,193,000	–	325,520	–	2.43%	–
DMB	New	DREYFUS MUN BD INFRSTRCTR FD	$3,753,000	–	262,965	–	2.17%	–
PMM	New	PUTNAM MANAGED MUN INCOM TR	$3,631,000	–	451,665	–	2.10%	–
PMO	New	PUTNAM MUN OPPORTUNITIES TRsh ben int	$3,420,000	–	255,602	–	1.98%	–
MQY	New	BLACKROCK MUNIYIELD QUALITY	$3,374,000	–	200,333	–	1.95%	–
MEN	New	BLACKROCK MUNIENHANCED FD IN	$3,124,000	–	243,283	–	1.81%	–
MHI	New	PIONEER MUN HIGH INCOME TR	$3,020,000	–	211,049	–	1.75%	–
NMO	New	NUVEEN MUN MKT OPPORTUNITY F	$3,002,000	–	199,084	–	1.74%	–
BKN	New	BLACKROCK INVT QUALITY MUN T	$2,483,000	–	138,790	–	1.44%	–
NCZ	New	ALLIANZGI CONV & INCOME FD I	$2,468,000	–	464,826	–	1.43%	–
CXE	New	MFS HIGH INCOME MUN TRsh ben int	$2,369,000	–	430,741	–	1.37%	–
MMU	New	WESTERN ASST MNGD MUN FD INC	$2,337,000	–	154,230	–	1.35%	–
DMF	New	DREYFUS MUN INCOME INC	$2,295,000	–	229,224	–	1.33%	–
JHI	New	HANCOCK JOHN INVS TR	$2,258,000	–	140,085	–	1.31%	–
MMD	New	MAINSTAY DEFINEDTERM MN OPP	$2,093,000	–	101,230	–	1.21%	–
PHT	New	PIONEER HIGH INCOME TR	$2,091,000	–	207,218	–	1.21%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$2,074,000	–	144,108	–	1.20%	–
HHY	New	BROOKFIELD HIGH INCOME FD IN	$2,025,000	–	280,925	–	1.17%	–
KTF	New	DEUTSCHE MUN INCOME	$2,015,000	–	139,478	–	1.17%	–
CHY	New	CALAMOS CONV & HIGH INCOME F	$2,015,000	–	189,900	–	1.17%	–
MYI	New	BLACKROCK MUNIYIELD QLTY FD	$2,003,000	–	127,908	–	1.16%	–
ETX	New	EATON VANCE MUN INCOME 2028	$2,000,000	–	94,160	–	1.16%	–
EIV	New	EATON VANCE MUN BD FD II	$1,960,000	–	140,513	–	1.13%	–
BFK	New	BLACKROCK MUN INCOME TRsh ben int	$1,894,000	–	119,776	–	1.10%	–
NCV	New	ALLIANZGI CONV & INCOME FD	$1,881,000	–	305,874	–	1.09%	–
NPF	New	NUVEEN PREMIER MUN INCOME FD	$1,831,000	–	121,503	–	1.06%	–
EAD	New	WELLS FARGO INCOME OPPORTUNI	$1,747,000	–	221,142	–	1.01%	–
JGH	New	NUVEEN GLOBAL HIGH INCOME FD	$1,721,000	–	119,604	–	1.00%	–
PML	New	PIMCO MUN INCOME FD II	$1,683,000	–	120,533	–	0.97%	–
HYT	New	BLACKROCK CORPOR HI YLD FD I	$1,555,000	–	148,919	–	0.90%	–
NHS	New	NEUBERGER BERMAN HGH YLD FD	$1,550,000	–	141,550	–	0.90%	–
HYMB	New	SPDR SERIES TRUSTnuv hghyld mun	$1,495,000	–	25,000	–	0.86%	–
FMO	New	FIDUCIARY CLAYMORE MLP OPP F	$1,440,000	–	104,355	–	0.83%	–
AFT	New	APOLLO SR FLOATING RATE FD I	$1,364,000	–	86,333	–	0.79%	–
MYF	New	BLACKROCK MUNIYIELD INVST FD	$1,362,000	–	81,158	–	0.79%	–
EVV	New	EATON VANCE LTD DUR INCOME F	$1,348,000	–	100,305	–	0.78%	–
NQM	New	NUVEEN INVT QUALITY MUN FD I	$1,347,000	–	80,560	–	0.78%	–
SBI	New	WESTERN ASSET INTM MUNI FD I	$1,325,000	–	125,257	–	0.77%	–
NQS	New	NUVEEN SELECT QUALITY MUN FD	$1,308,000	–	84,303	–	0.76%	–
NEV	New	NUVEEN ENHANCED MUN VALUE FD	$1,272,000	–	77,644	–	0.74%	–
MFM	New	MFS MUN INCOME TRsh ben int	$1,223,000	–	161,313	–	0.71%	–
FMN	New	FEDERATED PREM MUN INC FD	$1,212,000	–	73,089	–	0.70%	–
HIX	New	WESTERN ASSET HIGH INCM FD I	$1,212,000	–	174,643	–	0.70%	–
EOT	New	EATON VANCE NATL MUN OPPORT	$1,202,000	–	52,180	–	0.70%	–
BBK	New	BLACKROCK MUNICIPAL BOND TR	$1,183,000	–	65,512	–	0.68%	–
BYM	New	BLACKROCK MUNICIPL INC QLTY	$1,181,000	–	72,658	–	0.68%	–
BLW	New	BLACKROCK LTD DURATION INC T	$1,175,000	–	77,027	–	0.68%	–
BGX	New	BLACKSTONE GSO LNG SHRT CR I	$1,159,000	–	80,195	–	0.67%	–
AWP	New	ALPINE GLOBAL PREMIER PPTYS	$1,159,000	–	211,058	–	0.67%	–
CMU	New	MFS HIGH YIELD MUN TRsh ben int	$1,157,000	–	235,149	–	0.67%	–
EFR	New	EATON VANCE SR FLTNG RTE TR	$1,132,000	–	86,561	–	0.66%	–
VKQ	New	INVESCO MUN TR	$1,127,000	–	79,285	–	0.65%	–
PKO	New	PIMCO INCOME OPPORTUNITY FD	$1,123,000	–	48,837	–	0.65%	–
AVK	New	ADVENT CLAYMORE CV SECS & IN	$1,104,000	–	79,163	–	0.64%	–
MUI	New	BLACKROCK MUNI INTER DR FD I	$1,081,000	–	70,916	–	0.63%	–
PHF	New	PACHOLDER HIGH YIELD FD INC	$1,035,000	–	146,182	–	0.60%	–
BOI	New	BROOKFIELD MTG OPP INC FD IN	$1,032,000	–	69,386	–	0.60%	–
JRS	New	NUVEEN REAL ESTATE INCOME FD	$1,024,000	–	85,312	–	0.59%	–
NSL	New	NUVEEN SR INCOME FD	$1,014,000	–	167,958	–	0.59%	–
PPR	New	VOYA PRIME RATE TRsh ben int	$1,005,000	–	196,300	–	0.58%	–
MHD	New	BLACKROCK MUNIHOLDINGS FD IN	$1,006,000	–	53,119	–	0.58%	–
MYD	New	BLACKROCK MUNIYIELD FD INC	$1,002,000	–	62,271	–	0.58%	–
IDE	New	VOYA INFRASTRUCTURE INDLS & MT	$918,000	–	74,247	–	0.53%	–
DRA	New	DIVERSIFIED REAL ASSET INC F	$911,000	–	55,038	–	0.53%	–
JPW	New	NUVEEN FLEXIBLE INVT INCOME	$890,000	–	56,284	–	0.52%	–
VVR	New	INVESCO SR INCOME TR	$870,000	–	208,032	–	0.50%	–
MUH	New	BLACKROCK MUNIHLDGS FD II IN	$849,000	–	50,020	–	0.49%	–
PCI	New	PIMCO DYNAMIC CR INCOME FD	$782,000	–	40,863	–	0.45%	–
BTT	New	BLACKROCK MUN 2030 TAR TERM	$780,000	–	32,240	–	0.45%	–
MQT	New	BLACKROCK MUNIY QUALITY FD I	$775,000	–	53,554	–	0.45%	–
JRO	New	NUVEEN FLTNG RTE INCM OPP FD	$736,000	–	71,706	–	0.43%	–
HNW	New	PIONEER DIV HIGH INCOME TRUS	$726,000	–	46,238	–	0.42%	–
JQC	New	NUVEEN CR STRATEGIES INCM FD	$707,000	–	87,500	–	0.41%	–
E103PS	New	WESTERN ASSET EMRG MKT INCM	$655,000	–	60,418	–	0.38%	–
HYB	New	NEW AMER HIGH INCOME FD INC	$639,000	–	74,785	–	0.37%	–
CXH	New	MFS INVT GRADE MUN TRsh ben int	$622,000	–	58,782	–	0.36%	–
DIAX	New	NUVEEN DOW 30 DYN OVERWRITE	$620,000	–	42,689	–	0.36%	–
ARDC	New	ARES DYNAMIC CR ALLOCATION F	$595,000	–	43,288	–	0.34%	–
VXX	New	BARCLAYS BK PLCipath s&p500 vix	$584,000	–	42,300	–	0.34%	–
NPP	New	NUVEEN PERFORMANCE PLUS MUN	$534,000	–	32,350	–	0.31%	–
IQI	New	INVESCO QUALITY MUNI INC TRS	$534,000	–	38,606	–	0.31%	–
HYD	New	VANECK VECTORS ETF TRhigh yld mun etf	$485,000	–	15,000	–	0.28%	–
BLE	New	BLACKROCK MUNI INCOME TR II	$471,000	–	28,494	–	0.27%	–
IGD	New	VOYA GLBL EQTY DIV & PREM OP	$419,000	–	60,468	–	0.24%	–
ISD	New	PRUDENTIAL SHT DURATION HG Y	$353,000	–	22,364	–	0.20%	–
BTA	New	BLACKROCK LONG-TERM MUNI ADV	$349,000	–	27,386	–	0.20%	–
KSM	New	DEUTSCHE STRATEGIC MUN INCOM	$336,000	–	23,384	–	0.19%	–
SH	New	PROSHARES TRshort s&p 500 ne	$277,000	–	6,980	–	0.16%	–
WEA	New	WESTERN ASSET PREMIER BD FD	$268,000	–	20,180	–	0.16%	–
BTZ	New	BLACKROCK CR ALLCTN INC TR	$260,000	–	20,000	–	0.15%	–
GAB	New	GABELLI EQUITY TR INC	$253,000	–	46,020	–	0.15%	–
IGA	New	VOYA GLBL ADV & PREM OPP FD	$247,000	–	25,000	–	0.14%	–
GPM	New	GUGGENHEIM ENHNCD EQTY INCM	$246,000	–	32,800	–	0.14%	–
PCM	New	PCM FUND INC	$239,000	–	24,587	–	0.14%	–
VGI	New	VIRTUS GLOBAL MULTI-SEC INC	$227,000	–	15,000	–	0.13%	–
GLO	New	CLOUGH GLOBAL OPPORTUNITIESsh ben int	$205,000	–	22,010	–	0.12%	–
BGH	New	BABSON CAP GLB SHT DURHGH YL	$187,000	–	10,476	–	0.11%	–
EFT	New	EATON VANCE FLTING RATE INC	$154,000	–	11,500	–	0.09%	–
TBX	New	PROSHARES TRsht 7-10 yr tr	$142,000	–	5,235	–	0.08%	–
TBF	New	PROSHARES TRshrt 20+yr tre	$131,000	–	6,225	–	0.08%	–
REM	New	ISHARES TRmrg rl es cp etf	$103,000	–	10,000	–	0.06%	–
JDD	New	NUVEEN DIVERSIFIED DIV INCM	$103,000	–	8,805	–	0.06%	–
BIZD	New	VANECK VECTORS ETF TR	$103,000	–	6,200	–	0.06%	–
IVH	New	IVY HIGH INC OPPORTUNITIES F	$62,000	–	4,500	–	0.04%	–

Q4 2014

			Value		Shares		↓ Weighting
HHY	Exit	BROOKFIELD HIGH INCOME FD IN	$0	–	-10,060	–	-0.16%	–
RQI	Exit	COHEN & STEERS QUALITY RLTY	$0	–	-12,950	–	-0.23%	–
HPS	Exit	HANCOCK JOHN PFD INCOME FD I	$0	–	-10,500	–	-0.31%	–
AFT	Exit	APOLLO SR FLOATING RATE FD I	$0	–	-11,500	–	-0.33%	–
JPW	Exit	NUVEEN FLEXIBLE INVT INCOME	$0	–	-11,832	–	-0.35%	–
UTF	Exit	COHEN & STEERS INFRASTRUCTUR	$0	–	-10,000	–	-0.39%	–
BGX	Exit	BLACKSTONE GSO LNG SHRT CR I	$0	–	-15,047	–	-0.42%	–
CHI	Exit	CALAMOS CONV OPP AND INC FDsh ben int	$0	–	-20,419	–	-0.47%	–
EVF	Exit	EATON VANCE SR INCOME TRsh ben int	$0	–	-42,947	–	-0.47%	–
GIM	Exit	TEMPLETON GLOBAL INCOME FD	$0	–	-44,014	–	-0.59%	–
JHP	Exit	NUVEEN QUALITY PFD INC FD 3	$0	–	-43,831	–	-0.62%	–
NRO	Exit	NEUBERGER BERMAN RE ES SEC F	$0	–	-77,000	–	-0.63%	–
BOI	Exit	BROOKFIELD MTG OPP INC FD IN	$0	–	-22,705	–	-0.65%	–
REM	Exit	ISHARESmrg rl es cp etf	$0	–	-35,775	–	-0.71%	–
IAE	Exit	VOYA ASIA PAC DIVID EQUITY I	$0	–	-36,329	–	-0.78%	–
M102SC	Exit	NUVEEN EQTY PRM OPPORTUNITYF	$0	–	-38,240	–	-0.82%	–
JFR	Exit	NUVEEN FLOATING RATE INCOME	$0	–	-45,600	–	-0.87%	–
BKT	Exit	BLACKROCK INCOME TR INC	$0	–	-84,922	–	-0.91%	–
BOE	Exit	BLACKROCK GLOBAL OPP EQTY TR	$0	–	-39,650	–	-0.95%	–
AGC	Exit	ADVENT CLAY CONV SEC INC FD	$0	–	-88,056	–	-1.01%	–
BGB	Exit	BLACKSTONE GSO STRATEGIC CR	$0	–	-37,450	–	-1.06%	–
TYG	Exit	TORTOISE ENERGY INFRSTRCTR C	$0	–	-13,423	–	-1.09%	–
BSL	Exit	BLACKSTONE GSO FLTING RTE FU	$0	–	-42,565	–	-1.24%	–
HPF	Exit	HANCOCK JOHN PFD INCOME FD I	$0	–	-39,171	–	-1.33%	–
EVG	Exit	EATON VANCE SH TM DR DIVR IN	$0	–	-54,800	–	-1.36%	–
PCF	Exit	PUTMAN HIGH INCOME SEC FUND	$0	–	-97,537	–	-1.37%	–
AWF	Exit	ALLIANCEBERNSTEIN GBL HGH IN	$0	–	-64,140	–	-1.48%	–
CEM	Exit	CLEARBRIDGE ENERGY MLP FD IN	$0	–	-31,457	–	-1.48%	–
MCR	Exit	MFS CHARTER INCOME TRsh ben int	$0	–	-117,654	–	-1.76%	–
HPI	Exit	HANCOCK JOHN PFD INCOME FDsh ben int	$0	–	-54,295	–	-1.84%	–
CTR	Exit	CLEARBRIDGE ENERGY MLP TOTAL	$0	–	-48,396	–	-1.89%	–
AVK	Exit	ADVENT CLAYMORE CV SECS & IN	$0	–	-69,916	–	-2.05%	–
ARDC	Exit	ARES DYNAMIC CR ALLOCATION F	$0	–	-73,111	–	-2.11%	–
RFI	Exit	COHEN & STEERS TOTAL RETURN	$0	–	-113,908	–	-2.30%	–
SPXX	Exit	NUVEEN EQUITY PREM & GROWTH	$0	–	-101,184	–	-2.41%	–
AOD	Exit	ALPINE TOTAL DYNAMIC DIVID F	$0	–	-179,201	–	-2.58%	–
VVR	Exit	INVESCO SR INCOME TR	$0	–	-327,340	–	-2.63%	–
AGD	Exit	ALPINE GLOBAL DYNAMIC DIVD F	$0	–	-167,731	–	-2.81%	–
VIXY	Exit	PROSHARES TR IIvix strmfut etf	$0	–	-83,840	–	-2.95%	–
NIE	Exit	ALLIANZGI EQUITY & CONV INCO	$0	–	-88,206	–	-2.97%	–
FCT	Exit	FIRST TR SR FLG RTE INCM FD	$0	–	-131,232	–	-3.01%	–
DNP	Exit	DNP SELECT INCOME FD	$0	–	-180,679	–	-3.09%	–
JRS	Exit	NUVEEN REAL ESTATE INCOME FD	$0	–	-186,992	–	-3.32%	–
FPF	Exit	FIRST TR INTER DUR PFD & IN	$0	–	-100,358	–	-3.69%	–
VTA	Exit	INVESCO DYNAMIC CR OPP FD	$0	–	-188,336	–	-3.94%	–
EFR	Exit	EATON VANCE SR FLTNG RTE TR	$0	–	-165,107	–	-4.02%	–
MMT	Exit	MFS MULTIMARKET INCOME TRsh ben int	$0	–	-411,015	–	-4.46%	–
GLO	Exit	CLOUGH GLOBAL OPPORTUNITIESsh ben int	$0	–	-228,286	–	-4.61%	–
AWP	Exit	ALPINE GLOBAL PREMIER PPTYS	$0	–	-429,756	–	-4.99%	–
PPR	Exit	VOYA PRIME RATE TRsh ben int	$0	–	-587,036	–	-5.46%	–
JQC	Exit	NUVEEN CR STRATEGIES INCM FD	$0	–	-595,956	–	-9.00%	–

Q3 2014

			Value		Shares		↓ Weighting
PPR	Buy	VOYA PRIME RATE TRsh ben int	$3,229,000	-0.3%	587,036	+2.0%	5.46%	+9.0%
GLO	Buy	CLOUGH GLOBAL OPPORTUNITIESsh ben int	$2,723,000	+44.9%	228,286	+51.0%	4.61%	+58.5%
EFR	Sell	EATON VANCE SR FLTNG RTE TR	$2,376,000	-7.2%	165,107	-4.9%	4.02%	+1.4%
NIE	New	ALLIANZGI EQUITY & CONV INCO	$1,753,000	–	88,206	–	2.97%	–
AGD	Buy	ALPINE GLOBAL DYNAMIC DIVD F	$1,659,000	+58.9%	167,731	+65.3%	2.81%	+73.8%
VVR	Sell	INVESCO SR INCOME TR	$1,555,000	-29.4%	327,340	-27.0%	2.63%	-22.8%
AOD	New	ALPINE TOTAL DYNAMIC DIVID F	$1,525,000	–	179,201	–	2.58%	–
SPXX	Buy	NUVEEN EQUITY PREM & GROWTH	$1,423,000	+443.1%	101,184	+450.6%	2.41%	+494.3%
AVK	Sell	ADVENT CLAYMORE CV SECS & IN	$1,212,000	-57.3%	69,916	-53.7%	2.05%	-53.3%
HPI	Buy	HANCOCK JOHN PFD INCOME FDsh ben int	$1,089,000	+32.8%	54,295	+32.0%	1.84%	+45.2%
CEM	New	CLEARBRIDGE ENERGY MLP FD IN	$877,000	–	31,457	–	1.48%	–
AWF	New	ALLIANCEBERNSTEIN GBL HGH IN	$872,000	–	64,140	–	1.48%	–
PCF	Buy	PUTMAN HIGH INCOME SEC FUND	$812,000	+98.0%	97,537	+99.8%	1.37%	+116.7%
TYG	New	TORTOISE ENERGY INFRSTRCTR C	$646,000	–	13,423	–	1.09%	–
BGB	Buy	BLACKSTONE GSO STRATEGIC CR	$628,000	+6.3%	37,450	+8.7%	1.06%	+16.2%
AGC	New	ADVENT CLAY CONV SEC INC FD	$598,000	–	88,056	–	1.01%	–
BOE	New	BLACKROCK GLOBAL OPP EQTY TR	$559,000	–	39,650	–	0.95%	–
JFR	New	NUVEEN FLOATING RATE INCOME	$515,000	–	45,600	–	0.87%	–
M102SC	New	NUVEEN EQTY PRM OPPORTUNITYF	$487,000	–	38,240	–	0.82%	–
JHP	Buy	NUVEEN QUALITY PFD INC FD 3	$367,000	+16.5%	43,831	+17.4%	0.62%	+27.5%
GIM	New	TEMPLETON GLOBAL INCOME FD	$350,000	–	44,014	–	0.59%	–
AFT	New	APOLLO SR FLOATING RATE FD I	$197,000	–	11,500	–	0.33%	–
RQI	New	COHEN & STEERS QUALITY RLTY	$138,000	–	12,950	–	0.23%	–
HHY	New	BROOKFIELD HIGH INCOME FD IN	$94,000	–	10,060	–	0.16%	–
HSA	Exit	HELIOS STRATEGIC INCOME FD I	$0	–	-10,100	–	-0.10%	–
LCM	Exit	ADVENT CLAYMORE ENH GRW & IN	$0	–	-12,500	–	-0.20%	–
CIK	Exit	CREDIT SUISSE ASSET MGMT INC	$0	–	-50,000	–	-0.28%	–
FEI	Exit	FIRST TR MLP & ENERGY INCOME	$0	–	-17,009	–	-0.56%	–
ACG	Exit	ALLIANCEBERNSTEIN INCOME FUN	$0	–	-58,000	–	-0.67%	–
CBA	Exit	CLEARBRIDGE ENERGY MLP TR FD	$0	–	-24,522	–	-0.69%	–
RNP	Exit	COHEN & STEERS REIT & PFD IN	$0	–	-25,854	–	-0.72%	–
IGA	Exit	VOYA GLBL ADV & PREM OPP FD	$0	–	-40,298	–	-0.75%	–
PMO	Exit	PUTNAM MUN OPPORTUNITIES TRsh ben int	$0	–	-44,177	–	-0.79%	–
NMO	Exit	NUVEEN MUN MKT OPPORTUNITY F	$0	–	-38,816	–	-0.79%	–
NTG	Exit	TORTOISE MLP FD INC	$0	–	-18,201	–	-0.79%	–
VGI	Exit	VIRTUS GLOBAL MULTI-SEC INC	$0	–	-44,843	–	-1.20%	–
NML	Exit	NEUBERGER BERMAN MLP INCOME	$0	–	-46,188	–	-1.39%	–
ETJ	Exit	EATON VANCE RISK MNGD DIV EQ	$0	–	-104,165	–	-1.84%	–
IGD	Exit	VOYA GLBL EQTY DIV & PREM OP	$0	–	-132,395	–	-1.96%	–
	Exit	ALPINE TOTAL DYNAMIC DIVID F	$0	–	-349,217	–	-4.69%	–
	Exit	ALLIANZGI EQUITY & CONV INCO	$0	–	-154,605	–	-4.75%	–

Q2 2014

			Value		Shares		↓ Weighting
JQC	New	NUVEEN CR STRATEGIES INCM FD	$5,393,000	–	595,956	–	8.34%	–
PPR	New	VOYA PRIME RATE TRsh ben int	$3,239,000	–	575,336	–	5.01%	–
AWP	New	ALPINE GLOBAL PREMIER PPTYS	$3,073,000	–	429,756	–	4.76%	–
	New	ALLIANZGI EQUITY & CONV INCO	$3,072,000	–	154,605	–	4.75%	–
	New	ALPINE TOTAL DYNAMIC DIVID F	$3,031,000	–	349,217	–	4.69%	–
AVK	New	ADVENT CLAYMORE CV SECS & IN	$2,837,000	–	150,973	–	4.39%	–
MMT	New	MFS MULTIMARKET INCOME TRsh ben int	$2,667,000	–	411,015	–	4.13%	–
EFR	New	EATON VANCE SR FLTNG RTE TR	$2,561,000	–	173,607	–	3.96%	–
VTA	New	INVESCO DYNAMIC CR OPP FD	$2,420,000	–	188,336	–	3.74%	–
FPF	New	FIRST TR INTER DUR PFD & IN	$2,208,000	–	100,358	–	3.42%	–
VVR	New	INVESCO SR INCOME TR	$2,201,000	–	448,340	–	3.41%	–
JRS	New	NUVEEN REAL ESTATE INCOME FD	$2,023,000	–	186,992	–	3.13%	–
GLO	New	CLOUGH GLOBAL OPPORTUNITIESsh ben int	$1,879,000	–	151,167	–	2.91%	–
DNP	New	DNP SELECT INCOME FD	$1,836,000	–	180,679	–	2.84%	–
FCT	New	FIRST TR SR FLG RTE INCM FD	$1,815,000	–	131,232	–	2.81%	–
VIXY	New	PROSHARES TR IIvix strmfut etf	$1,766,000	–	83,840	–	2.73%	–
RFI	New	COHEN & STEERS TOTAL RETURN	$1,411,000	–	113,908	–	2.18%	–
ARDC	New	ARES DYNAMIC CR ALLOCATION F	$1,289,000	–	73,111	–	1.99%	–
IGD	New	VOYA GLBL EQTY DIV & PREM OP	$1,264,000	–	132,395	–	1.96%	–
ETJ	New	EATON VANCE RISK MNGD DIV EQ	$1,191,000	–	104,165	–	1.84%	–
CTR	New	CLEARBRIDGE ENERGY MLP TOTAL	$1,104,000	–	48,396	–	1.71%	–
MCR	New	MFS CHARTER INCOME TRsh ben int	$1,068,000	–	117,654	–	1.65%	–
AGD	New	ALPINE GLOBAL DYNAMIC DIVD F	$1,044,000	–	101,481	–	1.62%	–
NML	New	NEUBERGER BERMAN MLP INCOME	$899,000	–	46,188	–	1.39%	–
HPI	New	HANCOCK JOHN PFD INCOME FDsh ben int	$820,000	–	41,141	–	1.27%	–
EVG	New	EATON VANCE SH TM DR DIVR IN	$819,000	–	54,800	–	1.27%	–
HPF	New	HANCOCK JOHN PFD INCOME FD I	$789,000	–	39,171	–	1.22%	–
VGI	New	VIRTUS GLOBAL MULTI-SEC INC	$777,000	–	44,843	–	1.20%	–
BSL	New	BLACKSTONE GSO FLTING RTE FU	$756,000	–	42,565	–	1.17%	–
BGB	New	BLACKSTONE GSO STRATEGIC CR	$591,000	–	34,450	–	0.91%	–
BKT	New	BLACKROCK INCOME TR INC	$548,000	–	84,922	–	0.85%	–
NTG	New	TORTOISE MLP FD INC	$513,000	–	18,201	–	0.79%	–
PMO	New	PUTNAM MUN OPPORTUNITIES TRsh ben int	$510,000	–	44,177	–	0.79%	–
NMO	New	NUVEEN MUN MKT OPPORTUNITY F	$510,000	–	38,816	–	0.79%	–
IAE	New	VOYA ASIA PAC DIVID EQUITY I	$487,000	–	36,329	–	0.75%	–
IGA	New	VOYA GLBL ADV & PREM OPP FD	$486,000	–	40,298	–	0.75%	–
RNP	New	COHEN & STEERS REIT & PFD IN	$467,000	–	25,854	–	0.72%	–
CBA	New	CLEARBRIDGE ENERGY MLP TR FD	$444,000	–	24,522	–	0.69%	–
REM	New	ISHARESmrg rl es cp etf	$442,000	–	35,775	–	0.68%	–
ACG	New	ALLIANCEBERNSTEIN INCOME FUN	$432,000	–	58,000	–	0.67%	–
PCF	New	PUTMAN HIGH INCOME SEC FUND	$410,000	–	48,823	–	0.63%	–
BOI	New	BROOKFIELD MTG OPP INC FD IN	$393,000	–	22,705	–	0.61%	–
NRO	New	NEUBERGER BERMAN RE ES SEC F	$384,000	–	77,000	–	0.59%	–
FEI	New	FIRST TR MLP & ENERGY INCOME	$359,000	–	17,009	–	0.56%	–
JHP	New	NUVEEN QUALITY PFD INC FD 3	$315,000	–	37,331	–	0.49%	–
EVF	New	EATON VANCE SR INCOME TRsh ben int	$290,000	–	42,947	–	0.45%	–
CHI	New	CALAMOS CONV OPP AND INC FDsh ben int	$273,000	–	20,419	–	0.42%	–
SPXX	New	NUVEEN EQUITY PREM & GROWTH	$262,000	–	18,376	–	0.40%	–
BGX	New	BLACKSTONE GSO LNG SHRT CR I	$259,000	–	15,047	–	0.40%	–
UTF	New	COHEN & STEERS INFRASTRUCTUR	$233,000	–	10,000	–	0.36%	–
JPW	New	NUVEEN FLEXIBLE INVT INCOME	$216,000	–	11,832	–	0.33%	–
HPS	New	HANCOCK JOHN PFD INCOME FD I	$182,000	–	10,500	–	0.28%	–
CIK	New	CREDIT SUISSE ASSET MGMT INC	$178,000	–	50,000	–	0.28%	–
LCM	New	ADVENT CLAYMORE ENH GRW & IN	$126,000	–	12,500	–	0.20%	–
HSA	New	HELIOS STRATEGIC INCOME FD I	$68,000	–	10,100	–	0.10%	–

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