Saba Closed-End Funds ETF SCHEDULE OF INVESTMENTS | August 31, 2021 (Unaudited) |
Number of Shares | Value | |||||||
CLOSED-END FUNDS – 89.8% | ||||||||
EQUITY – 16.5% | ||||||||
Cushing NextGen Infrastructure Income Fund (The) | 25,746 | $ | 1,179,939 | |||||
Guggenheim Enhanced Equity Income Fund(a) | 93,206 | 878,933 | ||||||
India Fund, Inc. (The) | 216,994 | 5,051,620 | ||||||
New Ireland Fund, Inc. (The)* | 12,471 | 165,957 | ||||||
Nuveen Tax-Advantaged Dividend Growth Fund | 16,911 | 280,384 | ||||||
Nuveen Tax-Advantaged Total Return Strategy Fund | 10,732 | 125,242 | ||||||
Principal Real Estate Income Fund | 3,367 | 52,559 | ||||||
Salient Midstream & MLP Fund | 93,894 | 522,990 | ||||||
Voya Asia Pacific High Dividend Equity Income Fund | 3,888 | 33,787 | ||||||
Voya Emerging Markets High Income Dividend Equity Fund | 281,436 | 2,167,057 | ||||||
Voya Global Advantage and Premium Opportunity Fund | 65,425 | 665,372 | ||||||
Voya Global Equity Dividend and Premium Opportunity Fund | 319,137 | 1,985,032 | ||||||
13,108,872 | ||||||||
FIXED INCOME – 61.1% | ||||||||
Apollo Senior Floating Rate Fund, Inc. | 76,336 | 1,200,765 | ||||||
Apollo Tactical Income Fund, Inc. | 77,683 | 1,233,606 | ||||||
Blackstone Long-Short Credit Income Fund | 334 | 4,900 | ||||||
Blackstone Strategic Credit Fund | 714,606 | 9,904,439 | ||||||
BrandywineGLOBAL Global Income Opportunities Fund, Inc. | 98,947 | 1,256,627 | ||||||
Delaware Investments Minnesota Municipal Income Fund II, Inc. | 42,853 | 606,799 | ||||||
Delaware Ivy High Income Opportunities Fund | 495,355 | 6,989,459 | ||||||
Eaton Vance Floating-Rate Income Plus Fund*(b) | 47,490 | 39,141 | ||||||
Eaton Vance New York Municipal Bond Fund | 368 | 4,626 | ||||||
Invesco Pennsylvania Value Municipal Income Trust | 105,694 | 1,432,154 | ||||||
Invesco Senior Income Trust(c) | 3,230,214 | 14,148,337 | ||||||
Morgan Stanley Emerging Markets Debt Fund, Inc.(a) | 309,270 | 2,925,694 | ||||||
New America High Income Fund, Inc. (The) | 39,934 | 380,172 | ||||||
Nuveen Mortgage and Income Fund | 17,027 | 355,864 | ||||||
Nuveen New York AMT-Free Quality Municipal Income Fund | 78,142 | 1,108,835 | ||||||
Nuveen Ohio Quality Municipal Income Fund | 31,776 | 523,669 | ||||||
PGIM Global High Yield Fund, Inc.(a) | 156,478 | 2,458,269 | ||||||
Templeton Global Income Fund | 92,994 | 510,537 | ||||||
Vertical Capital Income Fund | 66,713 | 712,495 |
Number of Shares | Value | |||||||
CLOSED-END FUNDS (Continued) | ||||||||
FIXED INCOME (Continued) | ||||||||
Virtus AllianzGI Convertible & Income Fund II | 482,190 | $ | 2,594,182 | |||||
48,390,570 | ||||||||
HYBRID – 12.2% | ||||||||
Calamos Long/Short Equity & Dynamic Income Trust | 239,030 | 4,802,113 | ||||||
First Trust Aberdeen Emerging Opportunity Fund | 18,058 | 262,924 | ||||||
Nuveen Diversified Dividend and Income Fund | 157,846 | 1,696,845 | ||||||
Special Opportunities Fund, Inc. | 158,441 | 2,466,926 | ||||||
Virtus Dividend Interest & Premium Strategy Fund | 28,451 | 444,974 | ||||||
9,673,782 | ||||||||
TOTAL INVESTMENTS – 89.8% | ||||||||
(Cost $65,523,025) | 71,173,224 | |||||||
Other Assets in Excess of Liabilities – 10.2% | 8,110,883 | |||||||
TOTAL NET ASSETS – 100.0% | $ | 79,284,107 | ||||||
SECURITIES SOLD SHORT – (1.2)% | ||||||||
EXCHANGE-TRADED FUNDS – (1.2)% | ||||||||
HYBRID – (1.2)% | ||||||||
Guggenheim Strategic Opportunities Fund | ||||||||
(Proceeds $957,502) | (44,000 | ) | (931,480 | ) | ||||
TOTAL SECURITIES SOLD SHORT | ||||||||
(Proceeds $957,502) | $ | (931,480 | ) |
* | Non-income producing security. |
(a) | All or a portion of this security is segregated as collateral for securities sold short. As of August 31, 2021, the aggregate value of those securities was $4,182,694, representing 5.3% of net assets. |
(b) | Security valued at fair value by the Trust’s Valuation Committee in accordance with procedures approved by, and under the general supervision of, the Trust’s Board of Trustees. The total value of the security is $39,141 which represents approximately 0.0% of net assets as of August 31, 2021. |
(c) | All or a portion of this security is pledged as collateral for borrowings. As of August 31, 2021, the aggregate value of those securities was $5,443,749, representing 6.9% of net assets. |
Saba Closed-End Funds ETF SCHEDULE OF INVESTMENTS (Concluded) | August 31, 2021 (Unaudited) |
FUTURES CONTRACTS
Expiration Date | Number of Contracts | Notional Value | Value | Unrealized Appreciation (Depreciation) | ||||||||||||
Bond Futures (Short Position) | ||||||||||||||||
CBOT 5-Year U.S. Treasury Note | December 2021 | (150) | $ | (18,500,202 | ) | $ | (18,557,813 | ) | $ | (57,611 | ) | |||||
TOTAL FUTURES CONTRACTS | $ | (18,500,202 | ) | $ | (18,557,813 | ) | $ | (57,611 | ) | |||||||