| Shares | | | | | Fair Value | |
| | | | | CLOSED-END FUNDS - 79.2% | | | | |
| | 40,000 | | | Aberdeen Asia Pacific Income Fund | | $ | 107,200 | |
| | 114,357 | | | Aberdeen Global Dynamic Dividend Fund | | | 1,116,124 | |
| | 61,405 | | | Allspring Global Dividend Opportunity Fund | | | 298,428 | |
| | 323,144 | | | Allspring Income Opportunities Fund | | | 2,139,213 | |
| | 23,549 | | | Bancroft Fund LTD. | | | 369,013 | |
| | 52,500 | | | Barings Global Short Duration High Yield Fund | | | 758,625 | |
| | 35,932 | | | Blackrock Enhanced Equity Dividend Trust | | | 293,564 | |
| | 73,000 | | | BlackRock Enhanced International Dividend Trust | | | 407,340 | |
| | 8,167 | | | BlackRock MuniYield Michigan Quality Fund, Inc. | | | 93,430 | |
| | 172,028 | | | Blackstone Strategic Credit Fund | | | 2,045,413 | |
| | 4,040 | | | BNY Mellon High Yield Strategies Fund | | | 9,736 | |
| | 168,060 | | | Brandywine GLOBAL - Global Income Opportunities Fund, Inc. | | | 1,388,176 | |
| | 67,268 | | | Brookfield Real Assets Income Fund, Inc. | | | 858,340 | |
| | 14,537 | | | Clough Global Equity Fund | | | 101,396 | |
| | 155,836 | | | Clough Global Opportunities Fund | | | 838,398 | |
| | 124,110 | | | Credit Suisse High Yield Bond Fund | | | 250,702 | |
| | 253,084 | | | Destra Multi-Alternative Fund | | | 2,042,388 | |
| | 122,687 | | | Eaton Vance Tax-Managed Global Buy-Write Opportunities Fund | | | 1,014,621 | |
| | 23,452 | | | Eaton Vance Tax-Managed Global Diversified Equity Income Fund | | | 198,169 | |
| | 83,086 | | | First Trust High Yield Opportunities 2027 Term Fund | | | 1,189,792 | |
| | 103,115 | | | Herzfeld Caribbean Basin Fund, Inc. | | | 242,320 | |
| | 221,392 | | | Highland Income Fund | | | 1,383,700 | |
| | 179,242 | | | Invesco Advantage Municipal Income Trust II | | | 1,589,877 | |
| | 33,080 | | | Invesco Municipal Trust | | | 329,477 | |
| | 122,198 | | | Invesco Quality Municipal Income Trust | | | 1,212,204 | |
| | 17,032 | | | Invesco Trust for Investment Grade Municipals | | | 174,919 | |
| | 70,800 | | | Invesco Value Municipal Income Trust | | | 873,672 | |
| | 149,390 | | | Mexico Equity & Income Fund, Inc. | | | 1,434,144 | |
| | 323,028 | | | Morgan Stanley Emerging Markets Domestic Debt Fund Inc | | | 1,473,008 | |
| | 11,952 | | | Neuberger Berman MLP and Energy Income Fund Inc. | | | 95,616 | |
| | 20,500 | | | Neuberger Berman Next Generation Connectivity Fund Inc | | | 264,655 | |
| | 22,400 | | | Nuveen AMT-Free Municipal Credit Income Fund | | | 279,104 | |
| | 155,400 | | | Nuveen AMT-Free Quality Municipal Income Fund | | | 1,780,884 | |
| | 147,076 | | | Nuveen Core Plus Impact Fund | | | 1,600,187 | |
| | 48,284 | | | Nuveen Multi-Asset Income Fund | | | 596,307 | |
| | 20,354 | | | Nuveen Municipal Credit Income Fund | | | 251,372 | |
| | 76,446 | | | Nuveen Quality Municipal Income Fund | | | 897,476 | |
| | 132,025 | | | PGIM Global High Yield Fund, Inc. | | | 1,568,457 | |
| | 178,891 | | | PGIM Short Duration High Yield Opportunities Fund | | | 2,742,399 | |
| | 92,232 | | | Pioneer High Income Trust | | | 693,585 | |
| | 218,431 | | | Saba Capital Income & Opportunities Fund II | | | 1,703,758 | |
| | 188,544 | | | Templeton Emerging Markets Income Fund Inc. | | | 1,004,940 | |
| | 21,985 | | | The Mexico Fund, Inc. | | | 351,760 | |
| | 47,993 | | | Tortoise Energy Infrastructure Corporation | | | 1,673,516 | |
| | 226,680 | | | Virtus Convertible & Income Fund (a) | | | 741,244 | |
| | 483,934 | | | Virtus Convertible & Income Fund II (a) | | | 1,413,087 | |
| | 72,630 | | | Virtus Dividend, Interest & Premium Strategy Fund | | | 891,896 | |
| | 306,863 | | | Virtus Global Multi-Sector Income Fund | | | 2,322,953 | |
| Shares | | | | | Fair Value | |
| | | | | CLOSED-END FUNDS - 79.2% - Continued | | | | |
| | 60,340 | | | Voya Infrastructure Industrials and Materials Fund | | $ | 617,278 | |
| | 213,878 | | | Western Asset Emerging Markets Debt Fund, Inc. | | | 1,991,204 | |
| | 178,764 | | | Western Asset High Income Opportunity Fund, Inc. | | | 681,091 | |
| | | | | TOTAL CLOSED-END FUNDS - (Cost $47,170,968) | | | 48,396,158 | |
| | | | | | | | | |
| | | | | COMMON STOCK - 7.9% | | | | |
| | | | | Financials - 0.5% | | | | |
| | 75,000 | | | Banco Bradesco S.A. (b) | | | 168,000 | |
| | 20,000 | | | Itau Unibanco Holding S.A. (b) | | | 116,800 | |
| | | | | | | | 284,800 | |
| | | | | Consumer Discretionary - 3.7% | | | | |
| | 73,100 | | | Arcos Dorados Holdings, Inc. | | | 657,900 | |
| | 97,963 | | | Cresud S.A. Comercial Industrial Financiera Y Agropecuaria (b) | | | 805,256 | |
| | 60,227 | | | Despegar.com, Inc. (a) (b) | | | 796,803 | |
| | | | | | | | 2,259,959 | |
| | | | | Energy - 1.4% | | | | |
| | 25,440 | | | Cia Energetica De Minas Gerais - Cernig (b) | | | 44,774 | |
| | 18,989 | | | Transportadora de Gas del Sur (a) (b) | | | 360,411 | |
| | 20,000 | | | Transocean, LTD. (a) | | | 107,000 | |
| | 8,040 | | | Vista Oil & Gas S.A. de C.V. (a) (b) | | | 365,659 | |
| | | | | | | | 877,844 | |
| | | | | Materials - 0.2% | | | | |
| | 15,000 | | | Loma Negra Compania Industrial Argentina S.A. (b) | | | 101,400 | |
| | | | | | | | | |
| | | | | Real Estate - 1.3% | | | | |
| | 88,930 | | | Irsa Inversiones Y Representaciones S.A. (b) | | | 796,812 | |
| | | | | | | | | |
| | | | | Telecommunications - 0.3% | | | | |
| | 25,000 | | | Telecom Argentina S.A. (a) (b) | | | 180,750 | |
| | | | | | | | | |
| | | | | Utilities - 0.5% | | | | |
| | 17,167 | | | Central Puerto S.A. (b) | | | 155,705 | |
| | 7,206 | | | Empresa Distribuidora Y Comercializadora Norte S.A. (a) (b) | | | 118,106 | |
| | | | | | | | 273,811 | |
| | | | | | | | | |
| | | | | TOTAL COMMON STOCKS - (Cost $4,416,120) | | | 4,775,376 | |
| | | | | | | | | |
| | | | | EXCHANGE-TRADED FUNDS - 1.8% | | | | |
| | 35,000 | | | iShares Preferred and Income Securities ETF | | | 1,104,250 | |
| | | | | | | | | |
| | | | | TOTAL EXCHANGE-TRADED FUNDS - (Cost $1,106,925) | | | 1,104,250 | |
| | | | REAL ESTATE INVESTMENT TRUST - 5.1% | | | | | | |
| | 30,000 | | | Invesco Mortgage Capital Inc. | | | | | | $ | 281,100 | |
| | 25,000 | | | New York Mortgage Trust, Inc. | | | | | | | 146,000 | |
| | 344,314 | | | NexPoint Diversified Real Estate Trust | | | | | | | 1,904,059 | |
| | 64,328 | | | Seven Hills Realty Trust | | | | | | | 815,679 | |
| | | | | | | | | | | | | |
| | | | | TOTAL REAL ESTATE INVESTMENT TRUST - (Cost $3,163,927) | | | | | | | 3,146,838 | |
| | | | | | | | | | | | | |
| | Principal Amount ($) | | | | | Coupon Rate (%) | | | Fair Value | |
| | | | | SHORT TERM INVESTMESTS - 6.5% | | | | | | | | |
| | | | | Money Market Funds - 6.5% | | | | | | | | |
| | 3,940,689 | | | First American Government Obligations Fund, Class X (c) | | | 5.236 | | | $ | 3,940,689 | |
| | | | | | | | | | | | | |
| | | | | TOTAL SHORT TERM INVESTMESTS - (Cost $3,940,689) | | | | | | | 3,940,689 | |
| | | | | | | | | | | | | |
| | | | | TOTAL INVESTMENTS - 100.5% - (Cost $59,798,629) | | | | | | | 61,363,311 | |
| | | | | LIABILITIES IN EXCESS OF OTHER ASSETS - (0.5%) | | | | | | | (304,898 | ) |
| | | | | NET ASSETS - 100.0% | | | | | | $ | 61,058,413 | |
