Deschutes Portfolio Strategy

Deschutes Portfolio Strategy as of March 31, 2016

Portfolio Holdings for Deschutes Portfolio Strategy

Deschutes Portfolio Strategy holds 98 positions in its portfolio as reported in the March 2016 quarterly 13F filing

Company (Ticker) Portfolio Weight Valued At Change in Shares Share Count Share Price
Boulder Growth & Income Fund (STEW) 5.9 $11M 1.4M 7.85
Cohen & Steers REIT/P (RNP) 4.0 $7.7M 406k 18.92
Alpine Global Premier Properties Fund 3.9 $7.5M 1.3M 5.59
RMR Asia Pacific Real Estate Fund 3.8 $7.3M 377k 19.30
Wstrn Asst Emrgng Mrkts Incm Fnd 3.3 $6.2M 609k 10.26
Morgan Stanley Emerging Markets Domestic (EDD) 3.0 $5.8M 753k 7.64
Brookfield Global Listed 2.9 $5.4M 479k 11.35
Blackrock Res & Commodities Strategy Tr (BCX) 2.6 $4.9M 681k 7.21
Royce Value Trust (RVT) 2.5 $4.8M 411k 11.71
Alpine Total Dyn Fd New cefs 2.5 $4.8M 642k 7.50
General American Investors (GAM) 2.5 $4.7M 151k 31.23
Royce Micro Capital Trust (RMT) 2.4 $4.5M 636k 7.00
Asa (ASA) 2.2 $4.2M 413k 10.24
Central Securities (CET) 2.2 $4.2M 218k 19.14
Morgan Stanley China A Share Fund (CAF) 2.2 $4.1M 245k 16.92
Western Asset Emerging Mrkts Dbt Fnd (EMD) 2.2 $4.2M 286k 14.52
Deutsche High Income Opport 2.1 $4.0M 302k 13.33
Apple (AAPL) 1.9 $3.7M 34k 109.00
Allianzgi Nfj Divid Int Prem S cefs 1.8 $3.4M 280k 12.26
THE GDL FUND Closed-End fund (GDL) 1.8 $3.4M 338k 10.03
Delaware Enhanced Glbl. Div. & Inc. Fund 1.8 $3.4M 367k 9.15
Advent Claymore Convertible Sec & Inc (AVK) 1.8 $3.3M 250k 13.21
LEGG MASON BW GLOBAL Income 1.7 $3.2M 262k 12.35
Clough Gbl Opps Fund Sh Ben Int closed-end fund (GLO) 1.6 $3.1M 326k 9.58
ADVENT CLAY GBL CONV SEC INC COM Bene Inter 1.6 $3.0M 555k 5.43
Royce Global Value Tr (RGT) 1.5 $2.9M 393k 7.37
Dividend & Income Fund (BXSY) 1.5 $2.8M 255k 11.16
Western Asset Worldwide Income Fund 1.5 $2.8M 268k 10.39
Lazard World Dividend & Income Fund 1.5 $2.8M 305k 9.03
Macquarie Global Infr Total Rtrn Fnd 1.4 $2.7M 136k 20.09
Sprott Focus Tr (FUND) 1.3 $2.5M 412k 6.09
Cushing Renaissance 1.2 $2.4M 168k 14.01
Lazard Global Total Return & Income Fund (LGI) 1.2 $2.3M 181k 12.43
Eagle Grwth & Income Oppty F 1.1 $2.2M 132k 16.33
Voya Infrastructure Industrial & Materia (IDE) 1.1 $2.0M 162k 12.47
Clough Global Allocation Fun (GLV) 1.0 $2.0M 168k 11.61
Morgan Stanley Emerging Markets Debt (MSD) 1.0 $1.9M 220k 8.78
Liberty All-Star Equity Fund (USA) 1.0 $1.9M 382k 4.97
Clough Global Equity Fund closed-end fund (GLQ) 0.9 $1.8M 166k 10.88
U.S. Bancorp (USB) 0.9 $1.8M 43k 40.58
Stone Hbr Emerg Mkts Tl 0.9 $1.6M 132k 12.35
LMP Capital and Income Fund (SCD) 0.8 $1.6M 126k 12.37
Bancroft Fund (BCV) 0.8 $1.5M 84k 17.95
Diversified Real Asset Inc F 0.8 $1.5M 96k 15.80
Duff & Phelps Global (DPG) 0.8 $1.5M 93k 15.91
Cohen & Steers infrastucture Fund (UTF) 0.7 $1.4M 69k 19.81
Adams Express Company (ADX) 0.7 $1.4M 107k 12.65
Wells Fargo Adv Global Dividend Opport (EOD) 0.7 $1.3M 223k 5.97
GABELLI GLOBL UTIL & INCOME COM Sh Ben Int (GLU) 0.6 $1.2M 67k 17.89
Tortoise Energy equity 0.6 $1.1M 100k 11.43
Tri-Continental Corporation (TY) 0.6 $1.1M 53k 19.96
First Tr Dynamic Europe Eqt 0.6 $1.1M 64k 16.69
Intel Corporation (INTC) 0.5 $940k 29k 32.34
Petroleum & Res Corp Com cef (PEO) 0.5 $856k 48k 17.98
Microsoft Corporation (MSFT) 0.4 $817k 15k 55.21
Calamos Global Dynamic Income Fund (CHW) 0.4 $824k 117k 7.03
Alpine Global Dynamic 0.4 $807k 95k 8.53
Nuveen Maryland Premium Income Municipal 0.4 $746k 56k 13.42
General Electric Company 0.3 $617k 19k 31.78
Nuveen Global High (JGH) 0.3 $545k 39k 13.87
Aberdeen Israel Fund 0.3 $529k 31k 17.09
Voya Natural Res Eq Inc Fund 0.3 $529k 94k 5.64
Chevron Corporation (CVX) 0.2 $429k 4.5k 95.50
Enterprise Products Partners (EPD) 0.2 $409k 17k 24.63
Ford Motor Company (F) 0.2 $378k 28k 13.50
BP (BP) 0.2 $352k 12k 30.21
Berkshire Hathaway (BRK.B) 0.2 $360k 2.5k 141.84
Nuveen Real (JRI) 0.2 $365k 24k 15.35
3M Company (MMM) 0.2 $347k 2.1k 166.83
Northrop Grumman Corporation (NOC) 0.2 $350k 1.8k 198.08
General Dynamics Corporation (GD) 0.2 $343k 2.6k 131.32
Wal-Mart Stores (WMT) 0.2 $296k 4.3k 68.52
Lockheed Martin Corporation (LMT) 0.2 $307k 1.4k 221.50
Weyerhaeuser Company (WY) 0.2 $299k 9.6k 31.02
Aberdeen Asia-Pacific Income Fund (FAX) 0.2 $296k 59k 5.00
First Tr/aberdeen Emerg Opt 0.2 $294k 21k 13.93
Ares Dynamic Cr Allocation (ARDC) 0.2 $311k 23k 13.38
Exxon Mobil Corporation (XOM) 0.1 $283k 3.4k 83.60
Amazon (AMZN) 0.1 $287k 484.00 592.98
Altria (MO) 0.1 $271k 4.3k 62.75
Templeton Emerging Markets Income Fund (TEI) 0.1 $265k 26k 10.27
Western Asset Glbl Partners Incm Fnd 0.1 $273k 34k 8.03
iShares S&P 500 Index (IVV) 0.1 $249k 1.2k 206.64
Medifast (MED) 0.1 $247k 8.2k 30.18
Magellan Midstream Partners 0.1 $246k 3.6k 68.91
Johnson & Johnson (JNJ) 0.1 $226k 2.1k 108.24
Reynolds American 0.1 $235k 4.7k 50.28
Tekla World Healthcare Fd ben int (THW) 0.1 $227k 16k 14.01
Genuine Parts Company (GPC) 0.1 $213k 2.1k 99.53
Philip Morris International (PM) 0.1 $216k 2.2k 98.18
Starbucks Corporation (SBUX) 0.1 $202k 3.4k 59.73
Cbre Clarion Global Real Estat re (IGR) 0.1 $163k 21k 7.83
Principal Real Estate Income shs ben int (PGZ) 0.1 $177k 11k 16.54
Gabelli mutual funds - (GGZ) 0.1 $164k 16k 10.56
First Trust Strategic 0.1 $121k 11k 11.42
Cushing Energy Income 0.1 $89k 12k 7.47
Energy Fuels (UUUU) 0.0 $75k 34k 2.21
Galena Biopharma 0.0 $23k 17k 1.35