Schedule of Investments | |||||||
September 29, 2023 (unaudited) | |||||||
Camelot Event Driven Fund | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Shares or Principal |
|
|
Security Description |
|
|
| Amount ($) |
| Fair Value ($)(1) | |
|
|
|
|
|
|
|
|
Common Stocks - 77.18% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive - 0.00% |
|
|
|
|
|
| |
Flyht Aerospace Solutions, Inc. (Canada) * † ^ |
|
| 101,663 |
| 0 | ||
|
|
|
|
|
|
|
|
Bakery Products - 0.31% |
|
|
|
|
| ||
Bab, Inc. |
|
|
|
| 479,411 |
| 345,176 |
|
|
|
|
|
|
|
|
Biotech & Pharma - 0.01% |
|
|
|
|
| ||
Inyx, Inc. * ● |
|
|
| 167,850 |
| 17 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Canned, Fruits, Veg and Preserves, Jams & Jellies - 2.64% |
|
|
|
|
| ||
The J.M. Smucker Co.* (a) |
|
| 25,000 |
| 3,072,750 | ||
|
|
|
|
|
|
|
|
Communications Services, NEC - 0.14% |
|
|
|
|
| ||
Intelsat Emergence SA (Luxembourg) * ● |
|
| 4,675 |
| 168,627 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 168,627 |
|
|
|
|
|
|
|
|
Construction & Engineering - 0.04% |
|
|
|
|
| ||
WeBuild SpA ADR* |
|
|
| 25,935 |
| 46,210 | |
|
|
|
|
|
|
|
|
Drilling Oil & Gas Wells - 0.00% |
|
|
|
|
| ||
Seadrill 2021 Ltd. (United Kingdom) * |
|
| 2 |
| 90 | ||
|
|
|
|
|
|
|
|
Electric & Other Services Combined - 3.70% |
|
|
|
|
| ||
Duke Energy Corp. (a) |
|
|
| 27,000 |
| 2,383,020 | |
NiSource, Inc.* |
|
|
| 60,000 |
| 1,480,800 | |
PNM Resources, Inc. |
|
|
| 10,000 |
| 446,100 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,309,920 |
Electric Services - 10.03% |
|
|
|
|
| ||
Dominion Energy, Inc. (a) |
|
| 55,000 |
| 2,456,850 | ||
NRG Energy, Inc. (a) |
|
|
| 120,000 |
| 4,622,400 | |
PPL Corp. (a) |
|
|
| 195,000 |
| 4,594,200 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 11,673,450 |
|
|
|
|
|
|
|
|
Electrical Industrial Apparatus - 0.34% |
|
|
|
|
| ||
Hollsys Automation Technologies Ltd.* (China) |
|
| 20,000 |
| 396,800 | ||
|
|
|
|
|
|
|
|
Federal & Federally-Sponsored Credit Agencies - 0.05% |
|
|
|
|
| ||
Federal National Mortgage Association Fannie Mae * |
|
| 100,000 |
| 61,900 | ||
|
|
|
|
|
|
|
|
Gaming, Lodging & Restaurants - 0.06% |
|
|
|
|
| ||
Guoco Group Ltd. (Bermuda) * |
|
| 10,000 |
| 74,321 | ||
|
|
|
|
|
|
|
|
Gold and Silver Ores - 6.09% |
|
|
|
|
| ||
Agnico Eagle Mines Ltd. (Canada) (a) (b) |
|
| 59,500 |
| 2,704,275 | ||
B2Gold Corp. |
|
|
| 100,000 |
| 289,000 | |
Barrick Gold Corp. (Canada) (a) (b) |
|
| 15,000 |
| 218,250 | ||
Newmont Corp. (a) (b) |
|
|
| 59,000 |
| 2,180,050 | |
NovaGold Resources, Inc. * |
|
| 30,000 |
| 115,200 | ||
Seabridge Gold, Inc. * (a) |
|
|
| 150,000 |
| 1,582,500 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7,089,275 |
|
|
|
|
|
|
|
|
Grain Mill Products - 1.25% |
|
|
|
|
| ||
Kellogg Co. * |
|
|
| 10,000 |
| 595,100 | |
Post Holdings, Inc. * (a) (b) |
|
| 10,000 |
| 857,400 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,452,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Products - 3.12% |
|
|
|
|
| ||
Gates Industrial Corp. PLC* |
|
| 3,200 |
| 37,152 | ||
Mercury Systems, Inc.* (a) |
|
| 96,769 |
| 3,589,162 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3,626,314 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Industrial Organic Chemicals - 2.17% |
|
|
|
|
| ||
International Flavors & Fragrances, Inc. (a) (b) |
|
| 37,000 |
| 2,522,290 | ||
|
|
|
|
|
|
|
|
Industrial Services - 0.04% |
|
|
|
|
| ||
Astaldi SpA SPF (Italy) * ● † |
|
| 1,022,580 |
| 50,618 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 50,618 |
|
|
|
|
|
|
|
|
Internet Content & Information - 0.09% |
|
|
|
|
| ||
Scout24 SE ADR * |
|
|
| 1,500 |
| 104,337 | |
|
|
|
|
|
|
|
|
Investment Advice - 0.02% |
|
|
|
|
| ||
TPG, Inc. Class A |
|
|
| 600 |
| 18,072 | |
|
|
|
|
|
|
|
|
Laboratory Analytical Instruments - 2.95% |
|
|
|
|
| ||
Illumina, Inc. * (a) (b) |
|
|
| 25,000 |
| 3,432,000 | |
|
|
|
|
|
|
|
|
Media - 0.34% |
|
|
|
|
|
| |
Apogee 21 Holdings, Inc.* |
|
| 50,000 |
| 0 | ||
Clear Channel Outdoor Holdings, Inc. * |
|
| 11,249 |
| 17,773 | ||
Prosus N.V. ADR * |
|
|
| 65,388 |
| 381,866 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 399,639 |
|
|
|
|
|
|
|
|
Metals & Mining - 0.00% |
|
|
|
|
| ||
Sacre-Coeur Minerals Ltd. (Canada) * ^ † |
|
| 109,444 |
| 0 | ||
|
|
|
|
|
|
|
|
Mineral Royalty Traders - 0.37% |
|
|
|
|
| ||
Royal Gold, Inc. |
|
|
| 4,000 |
| 425,320 | |
|
|
|
|
|
|
|
|
Natural Gas Transmission & Distribution - 1.82% |
|
|
|
|
| ||
Southwest Gas Holdings, Inc. (a) (b) |
|
| 35,000 |
| 2,114,350 | ||
|
|
|
|
|
|
|
|
Oil, Gas & Coal - 4.48% |
|
|
|
|
| ||
Chevron Corp. (a) (b) |
|
|
| 4,000 |
| 674,480 | |
Marathon Petroleum Corp. (a) |
|
| 30,000 |
| 4,540,200 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 5,214,680 |
|
|
|
|
|
|
|
|
Operators of Non-Residential Buildings - 0.03% |
|
|
|
|
| ||
Brookfield Asset Management, Inc. Class A (Canada) |
|
| 251 |
| 8,368 | ||
Brookfield Corp. Class A |
|
|
| 1,004 |
| 31,395 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 39,763 |
|
|
|
|
|
|
|
|
Perfumes, Cosmetics & Other Toilet Preparation - 0.62% |
|
|
|
|
| ||
Estee Lauder Cos., Inc. (a) |
|
| 5,000 |
| 722,750 | ||
Colgate Palmolive Co. (a) |
|
| 79,000 |
| 5,617,690 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6,340,440 |
|
|
|
|
|
|
|
|
Petroleum Refining - 7.15% |
|
|
|
|
| ||
Marathon Petroleum Corp. (a) |
|
| 30,000 |
| 4,540,200 | ||
Suncor Energy, Inc. (Canada) (a) |
|
| 110,000 |
| 3,781,800 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8,322,000 |
|
|
|
|
|
|
|
|
Pharmaceutical Preparations- 2.85% |
|
|
|
|
| ||
Elanco Animal Health, Inc. * |
|
| 25,000 |
| 281,000 | ||
Emisphere Technologies, Inc.● Δ * |
|
| 30,000 |
| 234,300 | ||
Johnson & Johnson (a) (b) |
|
| 18,000 |
| 2,803,500 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3,318,800 |
|
|
|
|
|
|
|
|
Radio Broadcasting Stations - 0.01% |
|
|
|
|
| ||
iHeartMedia, Inc. Class A * |
|
| 4,610 |
| 14,568 | ||
|
|
|
|
|
|
|
|
Radio & TV Broadcasting & Communications Equipment - 0.85% |
|
|
|
|
| ||
KVH Industries, Inc.* (b) |
|
|
| 194,684 |
| 992,888 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 992,888 |
|
|
|
|
|
|
|
|
Real Estate - 0.50% |
|
|
|
|
|
| |
CA Immobilien Anlagen AG * (Austria) |
|
| 16,500 |
| 547,855 | ||
Vesta Real Estate Corp., SAB de C.V. ADR |
|
| 1,100 |
| 36,157 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 584,012 |
|
|
|
|
|
|
|
|
Retail - 0.91% |
|
|
|
|
|
| |
Dollar Tree, Inc.* (a) (b) |
|
|
| 10,000 |
| 1,064,500 | |
|
|
|
|
|
|
|
|
Retail-Department Stores - 0.03% |
|
|
|
|
| ||
Neiman-Marcus Group Parent LLC † ● * |
|
| 791 |
| 39,550 | ||
|
|
|
|
|
|
|
|
Retail - Eating Places - 1.15% |
|
|
|
|
| ||
Cracker Barrel Old Country Store, Inc.* (a) |
|
| 20,000 |
| 1,344,000 | ||
|
|
|
|
|
|
|
|
Search, Detection, Navigation, Guidance, Aeronautical Systems 2.02% |
|
|
|
| |||
L3Harris Technologies, Inc. (a) |
|
| 13,500 |
| 2,350,620 | ||
|
|
|
|
|
|
|
|
Services-Business Services - 2.23% |
|
|
|
|
| ||
Fiserv, Inc. (a) (b) * |
|
|
| 23,000 |
| 2,598,080 | |
|
|
|
|
|
|
|
|
Services-Computer Processing & Data Preparation - 0.23% |
|
|
|
|
| ||
Sohu.com Ltd.ADR * |
|
|
| 29,000 |
| 273,180 | |
|
|
|
|
|
|
|
|
Services-Educational Services - 0.10% |
|
|
|
|
| ||
Tarena International, Inc. ADR* |
|
| 59,708 |
| 113,445 | ||
|
|
|
|
|
|
|
|
Services-Employment Agencies - 0.06% |
|
|
|
|
| ||
51job, Inc. ADR * ● |
|
|
| 15,400 |
| 71,148 | |
|
|
|
|
|
|
|
|
Services- Medical Laboratories - 3.95% |
|
|
|
|
| ||
Fortrea Holdings, Inc.* |
|
|
| 20,000 |
| 571,800 | |
Laboratory Corp. of America Holdings (a) |
|
| 20,000 |
| 4,021,000 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,592,800 |
|
|
|
|
|
|
|
|
Services - Prepackaged Software - 2.01% |
|
|
|
|
| ||
Activision Blizzard, Inc. (a) |
|
| 25,000 |
| 2,340,750 | ||
|
|
|
|
|
|
|
|
Surgical & Medical Instruments & Apparatus - 3.14% |
|
|
|
|
| ||
Baxter International, Inc. (a) (b) |
|
| 73,000 |
| 2,755,020 | ||
Globus Medical, Inc. Class A* (a) |
|
| 18,000 |
| 893,700 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3,648,720 |
|
|
|
|
|
|
|
|
Telecommunications - 1.18% |
|
|
|
|
| ||
AT&T, Inc.* (a) |
|
|
| 80,000 |
| 1,201,600 | |
NII Holdings, Inc. ^ Δ * |
|
|
| 44,529 |
| 22,264 | |
Telecom Italia SpA/Milano ADR * |
|
| 50,000 |
| 154,000 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 1,377,864 |
|
|
|
|
|
|
|
|
Television Broadcasting Stations - 2.74% |
|
|
|
|
| ||
Liberty Live, Inc. Series A* |
|
| 22,000 |
| 702,240 | ||
Liberty Media Corp. - Liberty SiriusXM Series A * (a) |
|
| 88,000 |
| 2,239,600 | ||
Paramount Global Class B (a) (b) |
|
| 19,562 |
| 252,350 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3,194,190 |
|
|
|
|
|
|
|
|
Waste & Environmental Services & Equipment - 0.00% |
|
|
|
|
| ||
Strategic Environmental & Energy Resources, Inc. *^ † # |
|
| 43,000 |
| 1,668 | ||
|
|
|
|
|
|
|
|
Wholesale-Groceries & Related Products - 0.51% |
|
|
|
|
| ||
US Foods Holding Corp.* (a) (b) |
|
| 15,000 |
| 595,500 | ||
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
| (Cost $ 92,814,436) |
| 89,817,142 | |
|
|
|
|
|
|
|
|
Escrow Shares - 0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exide Technologies ^ † * |
|
|
| 7,703 |
| 0 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Escrow Shares |
|
|
| (Cost $ 585,437) |
| 0 | |
|
|
|
|
|
|
|
|
Asset-Backed Securities - 0.08% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
AFC Home Equity Loan Trust Series 2000-02 Class 1A, 6.220% (1 Month LIBOR USD + 0.79%), 6/25/2030 ** ● | 3,465 |
| 3,171 | ||||
Citigroup Mortgage Loan Trust, Inc. Series 2005-OPT1 Class M3, 3.690%, (1 Month LIBOR USD + 0.710%), 02/25/2035 ** ● | 83,208 |
| 77,204 | ||||
Countrywide Asset-Backed Certificates Series 2007-11 Class 2M2, 3.740%, (1 Month LIBOR USD + 0.320%) 09/25/2037 ** ● | 313,384 |
| 11,451 | ||||
|
|
|
|
|
|
|
|
Total Asset-Backed Securities |
|
| (Cost $ 105,617) |
| 91,826 | ||
|
|
|
|
|
|
|
|
Contingent Value Rights - 0.01% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Communication Services - 0.00% |
|
|
|
|
| ||
Clear Channel Outdoor Holdings, Inc.* |
|
| 11,249 |
| 0 | ||
Intelsat CVR Class A (Luxembourg) * |
|
| 489 |
| 0 | ||
Intelsat CVR Class B (Luxembourg) * |
|
| 489 |
| 0 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 0 |
|
|
|
|
|
|
|
|
Investment Companies - 0.01% |
|
|
|
|
| ||
AIB Acquisition Corp. Class A 10/31/2028 * |
|
| 5,000 |
| 501 | ||
Aurora Technology Acquisition Corp. Class A 06/27/2028 * |
|
| 30,000 |
| 4,800 | ||
Blue World Acquisition Corp. 08/29/2029 Class A * |
|
| 10,000 |
| 1,727 | ||
Jaguar Global Growth Corporation I 08/15/2023 Class A * |
|
| 4,000 |
| 817 | ||
Lakeshore Acquisition II Corp. (China) 11/15/2022 * |
|
| 5,000 |
| 1,000 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8,845 |
|
|
|
|
|
|
|
|
Radio & TV Broadcasting & Communications Equipment - 0.00% |
|
|
|
|
| ||
KVH Industries, Inc. * |
|
|
| 145,009 |
| 0 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Rights |
|
|
|
| (Cost $ 0) |
| 8,845 |
|
|
|
|
|
|
|
|
Corporate Bonds - 0.16% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Automotive - 0.00% |
|
|
|
|
|
| |
Exide Technologies 11.00%, 4/30/2022 + † ^ # |
|
| 546,810 |
| 0 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Diversified Financial Services - 0.01% |
|
|
|
|
| ||
Hellas Telecommunication Luxembourg II SCA Series 144a, (United Kingdom), 6.054%, (3 Month LIBOR USD + 5.75% ) 01/15/2015+ # ** ^ | 5,000,000 |
| 6,250 | ||||
Lehman Brothers Holdings, Inc. Series MTN 8.75%, 02/14/2023 + ● ** |
| 200,000 |
| 100 | |||
Lehman Brothers Holdings, Inc. Series MTN1 0.00%, 02/17/2015 + ● ** |
| 110,000 |
| 165 | |||
Lehman Brothers Holdings, Inc. Series LEHN 5.50%, 02/27/2020 + ● |
| 100,000 |
| 50 | |||
Lehman Brothers Holdings, Inc. Series MTNG 7.00%, 1/28/2020 + ● ** |
| 100,000 |
| 50 | |||
Lehman Brothers Holdings, Inc. Series MTNG 0.00%, (1 Month CPI YOY + 2.25%), 7/08/2014 ● ** | 130,000 |
| 65 | ||||
Lehman Brothers Holdings, Inc. Series MTNH 8.250%, 9/23/2020 ● ** + |
| 100,000 |
| 50 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 6,730 |
|
|
|
|
|
|
|
|
Oil, Gas & Coal - 0.14% |
|
|
|
|
| ||
Paratus Energy Services Ltd. Series 144A (United Kingdom) 10.000%, 07/15/2026 ● |
| 172,095 |
| 165,426 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 165,426 |
|
|
|
|
|
|
|
|
Radio Telephone Communications - 0.01% |
|
|
|
|
| ||
Digicel Group 0.5 Ltd. 8.0%, 04/01/2025 ● # |
|
| 56,915 |
| 11,945 | ||
Digicel Group 0.5 Ltd. Private Placement Series 144A Conv. (Bermuda)7.00%, Perpetual ● |
| 92,684 |
| 4,912 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 16,857 |
|
|
|
|
|
|
|
|
Retail - Grocery Stores - 0.00% |
|
|
|
|
| ||
Winn Dixie Stores, Inc. 8.875%, 04/01/2008 ● |
|
| 50,000 |
| 0 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Venture Capital - 0.00% |
|
|
|
|
| ||
Infinity Capital Group 7.00%, 12/31/2049 + ^ † # |
|
| 25,000 |
| 0 | ||
|
|
|
|
|
|
|
|
Total Corporate Bonds |
|
|
| (Cost $ 1,134,108) |
| 189,013 | |
|
|
|
|
|
|
|
|
Government Bonds - 0.07% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Lebanese Republic - 0.07% |
|
|
|
|
| ||
Lebanese Republic Series GMTN (Lebanon) 6.15%, 06/19/2020 + ● |
|
| 1,000,000 |
| 82,920 | ||
|
|
|
|
|
|
|
|
Total Government Bonds |
|
|
| (Cost $ 212,500) |
| 82,920 | |
|
|
|
|
|
|
|
|
Mortgage-Backed Securities - 0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
GNR Government National Mortgage Series 2019-108 Class NI 4.000%, 8/20/2049 ● ~ |
| 76,954 |
| 2,277 | |||
GSR Mortgage Loan Trust Series 2005-5F Class B2 5.75152%, 6/25/2035 ● ~ |
| 72,147 |
| 1 | |||
|
|
|
|
|
|
|
|
Total Mortgage-Backed Securities |
|
| (Cost $ 52,549) |
| 2,278 | ||
|
|
|
|
|
|
|
|
Municipal Bonds - 0.08% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Puerto Rico - 0.08% |
|
|
|
|
|
| |
Puerto Rico Commonwealth Restructured SER A1, 5.625%, 07/01/2029 ● |
| 24,036 |
| 24,837 | |||
Puerto Rico Commonwealth Restructured SER A1, 4.000%, 07/01/2037 ● |
| 17,074 |
| 14,332 | |||
Puerto Rico Electric Power Authority Series CCC 4.25%, 7/01/2021 + ● |
| 10,000 |
| 2,500 | |||
Puerto Rico Electric Power Authority Series CCC 4.25%, 7/01/2023 + ● |
| 10,000 |
| 2,500 | |||
Puerto Rico Electric Power Authority Series DDD 3.50%, 7/01/2020 + ● |
| 75,000 |
| 18,750 | |||
Puerto Rico Electric Power Authority Series DDD 3.625%, 7/01/2021 + ● |
| 30,000 |
| 7,500 | |||
Puerto Rico Electric Power Authority Series TT 5.00%, 7/01/2020 + ● |
| 55,000 |
| 13,750 | |||
Puerto Rico Electric Power Authority Series WW 5.50%, 7/01/2019 + ● |
| 15,000 |
| 3,750 | |||
|
|
|
|
|
|
|
|
Total Municipal Bonds |
|
|
| (Cost $ 184,992) |
| 87,919 | |
|
|
|
|
|
|
|
|
Preferred Stocks - 0.51% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Government Agencies - 0.50% |
|
|
|
|
| ||
Federal Home Loan Mortgage Corp. Series B 0.00%,(3 month LIBOR USD + 0.1377%) Perpetual ** ∞ | 19,000 |
| 59,850 | ||||
Federal Home Loan Mortgage Corp. Series F 0.00%, Perpetual ∞ |
|
| 4,500 |
| 14,609 | ||
Federal Home Loan Mortgage Corp. Series H 5.10%, Perpetual ∞ |
|
| 55,000 |
| 176,687 | ||
Federal Home Loan Mortgage Corp. Series M 0.00%, (2 Year CMT + 0.10%) Perpetual ** ∞ |
| 10,600 |
| 33,867 | |||
Federal Home Loan Mortgage Corp. Series Q 0.00%, (2 Year CMT + 0.20%) Perpetual ** ∞ |
| 42,879 |
| 135,069 | |||
Federal Home Loan Mortgage Corp. Series S 0.00%, (3 Month LIBOR USD + 0.50%) Perpetual ** ∞ | 25,000 |
| 82,500 | ||||
Federal National Mortgage Corp. Series H 5.81%, Perpetual ∞ |
|
| 5,500 |
| 20,185 | ||
Federal National Mortgage Corp. Series I 5.375%, Perpetual ∞ |
|
| 700 |
| 2,380 | ||
Federal National Mortgage Corp. Series M 4.75%, Perpetual ∞ |
|
| 4,440 |
| 14,853 | ||
Federal National Mortgage Corp. Series N 5.50%, Perpetual ∞ |
|
| 360 |
| 1,210 | ||
Federal National Mortgage Corp. Series T, 8.25%, Perpetual ∞ |
|
| 20,000 |
| 46,200 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 587,410 |
|
|
|
|
|
|
|
|
Real Estate - 0.01% |
|
|
|
|
|
| |
Brookfield Property Partners LP 6.25% (Bermuda) |
|
| 722 |
| 10,036 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Preferred Stocks |
|
|
| (Cost $ 1,291,235) |
| 597,446 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Real Estate Investment Trusts - 1.62% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crown Castle International Corp New (a) (b) |
|
| 20,500 |
| 1,886,615 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Real Estate Investment Trusts |
|
| (Cost $ 3,499,318) |
| 1,886,615 | ||
|
|
|
|
|
|
|
|
Special Purpose Acquisition Company - 0.47% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Special Purpose Acquisition Company - 0.47% |
|
|
|
|
| ||
A SPAC II Acquisition Corp.* |
|
| 15,000 |
| 162,600 | ||
Ares Acquisition Corp. II* |
|
| 3,100 |
| 32,209 | ||
AIB Acquisition Corp.* |
|
|
| 5,000 |
| 57,850 | |
Aurora Technology Acquisition Corp.* |
|
| 30,000 |
| 495 | ||
Disruptive Acquisition Corp. I Class A * |
|
| 4,800 |
| 52,320 | ||
Investcorp Europe Acquisition Corp.I (Cayman Islands) * |
|
| 7,000 |
| 76,160 | ||
Nabors Energy Transition Corp. II* |
|
| 3,600 |
| 36,936 | ||
Lakeshore Acquisition II Corp. (China) * |
|
| 5,000 |
| 54,251 | ||
Northern Star Investment Corp. III Class A * |
|
| 7,300 |
| 76,467 | ||
|
|
|
|
|
|
|
|
Total Special Purpose Acquisition Company |
|
| (Cost $ 508,000) |
| 549,288 | ||
|
|
|
|
|
|
|
|
Warrants - 0.00% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Investment Companies - 0.00% |
|
|
|
|
| ||
Blue World Acquisition Corp. 01/10/2029 @ $10.84 (Notional Value $54,200) * |
| 5,000 |
| 600 | |||
BYTE Acquisition Corp. Class A, 12/31/2028 @ $10.67 (Notional Value $69,330) * |
| 6,500 |
| 1,495 | |||
DHC Acquisition Corp. Class A, 12/31/2027 @ $10.45 (Notional Value $21,589) * |
| 2,066 |
| 165 | |||
Disruptive Acquisition Corp. Class A, 03/06/2026 @ $10.90 (Notional Value $17,440) * |
| 1,600 |
| 76 | |||
Intelsat Emergence SA, 2/17/2027 (Notional Value $0) (Luxembourg) * |
| 6 |
| 0 | |||
Investcorp Europe Acquisition Corp. I @ $10.88 (Notional Value $38,080) * |
| 3,500 |
| 1,042 | |||
Jaguar Global Growth Corporation I @ $5.75 (Notional Value $11,500) * |
| 2,000 |
| 176 | |||
Kismet Acquisition Two Corp. A, 12/31/2027 @ $10.70 (Notional Value $6,457) * |
| 633 |
| 0 | |||
Lakeshore Acquisition II Corp. @ $10.85 (Notional Value $27,125) * |
|
| 2,500 |
| 43 | ||
Northern Star Investment Corp. III Class A, 02/25/2028 @ $10.75 (Notional Value $13,072)* |
| 1,216 |
| 0 | |||
Northern Star Investment Corp. IV Class A, 12/31/2027 @ $10.40 (Notional Value $12,646) * | 1,216 |
| 0 | ||||
OceanTech Acquisitions I Corp. 05/10/2026 @ $11.02 (Notional Value $272,194) * |
| 24,700 |
| 679 | |||
Seamantix, Inc. Class A 08/04/2027 @ $1.79 (Notional Value $671) * |
|
| 375 |
| 16 | ||
SunCar Technology Group, Inc. Class A 05/18/2028 @ $10.61 (Notional Value $3,183)* |
| 300 |
| 37 | |||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 4,329 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Government Obligations - 13.10% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
U.S. Treasury Note 0.375% 09/15/2024 ● |
|
| 2,000,000 |
| 1,905,937 | ||
U.S. Treasury 0.625% 10/15/24 ● |
|
| 2,000,000 |
| 1,903,672 | ||
U.S. Treasury 4.375% 10/31/24 ● |
|
| 2,000,000 |
| 1,977,656 | ||
US Treasury Note 0.75% 11/15/2024 ● |
|
| 2,000,000 |
| 1,899,766 | ||
US Treasury Note 2.25% 11/15/2024 ● |
|
| 2,000,000 |
| 1,931,875 | ||
US Treasury Note 1.50% 11/30/2024 ● |
|
| 2,000,000 |
| 1,913,516 | ||
US Treasury Note 1.125% 1/15/2025 ● |
|
| 2,000,000 |
| 1,896,094 | ||
US Treasury Note 3.375% 5/15/2033 ● |
|
| 2,000,000 |
| 1,814,687 | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total U.S. Government Obligations |
| �� | (Cost $ 15,416,014) |
| 15,243,203 | ||
|
|
|
|
|
|
|
|
Bank Deposit Accounts - 5.19% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Collateral UMB Bank (b) |
|
|
| 447,490 |
| 447,490 | |
GS Financial Square Government Fund 5.2341% ** (b) |
|
| 5,592,315 |
| 5,592,315 | ||
|
|
|
|
|
|
|
|
Total Bank Deposit Accounts |
|
| (Cost $ 6,039,804) |
| 6,039,805 | ||
|
|
|
|
|
|
|
|
Total Investments - 104.60% |
|
| (Cost $ 123,984,845) |
| 121,739,014 | ||
|
|
|
|
|
|
|
|
INVESTMENTS IN WRITTEN OPTIONS, AT VALUE - (5.02)% |
|
|
|
| (5,837,280) | ||
|
|
|
|
|
|
|
|
INVESTMENTS IN SECURITIES SOLD SHORT, AT VALUE - (.53)% |
|
|
| (615,061) | |||
|
|
|
|
|
|
|
|
Assets In Excess of Liabilities (0.94%) |
|
|
|
| 1,096,903 | ||
|
|
|
|
|
|
|
|
Total Net Assets - 100.00% |
|
|
|
| 116,383,576 | ||
|
|
|
|
|
|
|
|
Options |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Long (Short) |
| Notional Value of |
| Fair |
|
|
| Contracts | Expiration Date | Contracts ($) |
| Value ($) |
Call Options |
|
|
|
|
|
| |
Agnico Eagle Mines Ltd., Strike $50.00 | 220 | 11/17/2023 | 1,100,000 |
| 19,800 | ||
Barrick Gold Corp., Strike $15.00 | 700 | 1/19/2024 | 1,050,000 |
| 60,900 | ||
Elanco Animal Health, Inc., Strike $10.00 | 930 | 1/19/2024 | 930,000 |
| 177,630 | ||
United States Natural Gas Fund, LP, Strike $20.00 | 2000 | 1/19/2024 | 4,000,000 |
| 18,000 | ||
|
|
|
|
|
|
|
|
|
|
| 3850 |
| 7,080,000 |
| 276,330 |
|
|
|
|
|
|
|
|
Put Options |
|
|
|
|
|
|
|
Activision Blizzard, Inc., Strike $77.50 | 150 | 1/19/2024 | 1,162,500 |
| 5,250 | ||
Activision Blizzard, Inc., Strike $77.50 | 100 | 11/17/2023 | 775,000 |
| 4,950 | ||
Agnico Eagle Mines Ltd., Strike $45.00 | 180 | 1/19/2024 | 810,000 |
| 53,100 | ||
Agnico Eagle Mines Ltd., Strike $50.00 | 200 | 11/17/2023 | 1,000,000 |
| 108,000 | ||
AT&T, Inc., Strike $13.00 | 800 | 1/17/2025 | 1,040,000 |
| 76,000 | ||
Autoliv, Inc., Strike $120.00 | 60 | 3/15/2024 | 720,000 |
| 141,300 | ||
Baxter International, Inc., Strike $40.00 | 250 | 1/19/2024 | 1,000,000 |
| 90,000 | ||
Colgate-Palmolive, Co., Strike $72.50 | 100 | 1/19/2024 | 725,000 |
| 31,000 | ||
Colgate-Palmolive, Co., Strike $75.00 | 200 | 1/19/2024 | 1,500,000 |
| 95,000 | ||
Colgate-Palmolive, Co., Strike $77.50 | 300 | 11/17/2023 | 2,325,000 |
| 201,000 | ||
Cracker Barrel Old Country Store, Inc., Strike $65.00 | 200 | 11/15/2024 | 1,300,000 |
| 206,800 | ||
Crown Castle International, Inc., Strike $135.00 | 205 | 1/19/2024 | 2,767,500 |
| 882,525 | ||
Dollar Tree, Inc., Strike $110.00 | 100 | 6/21/2024 | 1,100,000 |
| 124,000 | ||
Dominion Energy, Inc., Strike $60.00 | 200 | 1/19/2024 | 1,200,000 |
| 309,000 | ||
Dominion Energy, Inc., Strike $55.00 | 150 | 10/20/2023 | 825,000 |
| 155,250 | ||
DR Horton, Inc., Strike $130.00 | 50 | 11/17/2023 | 650,000 |
| 112,250 | ||
Duke Energy Corp., Strike $90.00 | 120 | 1/19/2024 | 1,080,000 |
| 50,400 | ||
Estee Lauder Companies, Inc., Strike $200.00 | 50 | 1/19/2024 | 1,000,000 |
| 274,500 | ||
FedEx Corp., Strike $250.00 | 50 | 10/20/2023 | 1,250,000 |
| 6,600 | ||
Fiserv, Inc., Strike $95.00 | 230 | 1/19/2024 | 2,185,000 |
| 17,710 | ||
Illumina, Inc., Strike $185.00 | 100 | 1/19/2024 | 1,850,000 |
| 475,000 | ||
Illumina, Inc., Strike $190.00 | 100 | 1/19/2024 | 1,850,000 |
| 526,500 | ||
International Flavors & Fragrances, Inc., Strike $70.00 | 70 | 12/20/2024 | 490,000 |
| 72,100 | ||
International Flavors & Fragrances, Inc., Strike $75.00 | 300 | 12/15/2023 | 2,250,000 |
| 246,000 | ||
Invesco QQQ Trust Series 1, Strike $230.00 | 550 | 12/15/2023 | 12,650,000 |
| 11,550 | ||
Invesco QQQ Trust Series 1, Strike $300.00 | 550 | 12/15/2023 | 16,500,000 |
| 81,400 | ||
iShares US Home Construction ETF, Strike $85.00 | 250 | 10/20/2023 | 2,125,000 |
| 142,500 | ||
Johnson & Johnson, Strike $155.00 | 70 | 1/19/2024 | 1,085,000 |
| 36,050 | ||
Johnson & Johnson, Strike $160.00 | 60 | 1/19/2024 | 960,000 |
| 45,300 | ||
Johnson & Johnson, Strike $150.00 | 50 | 10/20/2023 | 750,000 |
| 4,850 | ||
KB Home, Strike $50.00 |
| 350 | 10/20/2023 | 1,750,000 |
| 140,000 | |
L3Harris Technologies, Inc., Strike $180.00 | 70 | 1/19/2024 | 1,260,000 |
| 76,650 | ||
L3Harris Technologies, Inc., Strike $195.00 | 40 | 10/20/2023 | 780,000 |
| 83,800 | ||
Laboratory Corp. of America Holdings, Strike $230.00 | 100 | 2/16/2024 | 2,300,000 |
| 110,000 | ||
Lennar Corp., Strike $130.00 | 60 | 11/17/2023 | 780,000 |
| 108,900 | ||
Marathon Petroleum Corp., Strike $110.00 | 100 | 1/19/2024 | 1,100,000 |
| 7,550 | ||
Marathon Petroleum Corp., Strike $110.00 | 200 | 6/21/2024 | 2,200,000 |
| 57,200 | ||
Microsoft Corp., Strike $325.00 | 30 | 10/20/2023 | 975,000 |
| 35,250 | ||
NiSource, Inc., Strike $25.00 | 600 | 7/19/2024 | 1,500,000 |
| 124,500 | ||
Post Holdings, Inc., Strike $90.00 | 100 | 10/20/2023 | 900,000 |
| 55,500 | ||
PPL Corp., Strike $25.00 |
| 600 | 1/19/2024 | 1,500,000 |
| 115,500 | |
PPL Corp., Strike $26.00 |
| 1050 | 1/19/2024 | 2,730,000 |
| 278,250 | |
PulteGroup, Inc., Strike $65.00 | 200 | 10/20/2023 | 1,300,000 |
| 5,000 | ||
SPDR S&P 500 ETF Trust, Strike $360.00 | 500 | 12/15/2023 | 18,000,000 |
| 64,500 | ||
SPDR S&P 500 ETF Trust, Strike $410.00 | 500 | 12/15/2023 | 20,500,000 |
| 303,000 | ||
SPDR S&P 500 ETF Trust, Strike $435.00 | 140 | 12/15/2023 | 6,090,000 |
| 195,580 | ||
SPDR S&P 500 ETF Trust, Strike $410.00 | 320 | 10/20/2023 | 13,120,000 |
| 51,840 | ||
SPDR S&P 500 ETF Trust, Strike $410.00 | 200 | 9/29/2023 | 7,600,000 |
| 200 | ||
Suncor Energy, Inc., Strike $28.00 | 1100 | 7/19/2024 | 3,080,000 |
| 134,200 | ||
The J.M. Smucker Co., Strike $125.00 | 250 | 1/17/2025 | 3,125,000 |
| 328,750 | ||
|
|
|
|
|
|
|
|
|
|
| 12305 |
| 155,515,000 |
| 6,862,055 |
|
|
|
|
|
|
|
|
Call Options Written |
|
|
|
|
|
| |
Activision Blizzard, Inc., Strike $80.00 | (150) | 1/19/2024 | (1,200,000) |
| (216,750) | ||
Activision Blizzard, Inc., Strike $80.00 | (100) | 11/17/2023 | (800,000) |
| (135,750) | ||
Agnico Eagle Mines Ltd., Strike $55.00 | (200) | 11/17/2023 | (1,100,000) |
| (5,600) | ||
Agnico Eagle Mines Ltd., Strike $50.00 | (175) | 1/19/2024 | (875,000) |
| (30,625) | ||
Agnico Eagle Mines Ltd., Strike $60.00 | (440) | 11/17/2023 | (2,640,000) |
| (5,280) | ||
AT&T, Inc., Strike $15.00 | (800) | 1/17/2025 | (1,200,000) |
| (116,000) | ||
Baxter International, Inc., Strike $42.50 | (480) | 1/19/2024 | (2,040,000) |
| (44,640) | ||
Baxter International, Inc., Strike $45.00 | (250) | 1/19/2024 | (1,125,000) |
| (11,250) | ||
Chevron Corp., Strike $165.00 | (40) | 3/15/2024 | (180,000) |
| (55,000) | ||
Colgate-Palmolive, Co., Strike $75.00 | (120) | 1/19/2024 | (900,000) |
| (17,400) | ||
Colgate-Palmolive, Co., Strike $77.50 | (200) | 1/19/2024 | (1,550,000) |
| (15,000) | ||
Colgate-Palmolive, Co., Strike $80.00 | (100) | 1/19/2024 | (800,000) |
| (3,700) | ||
Colgate-Palmolive, Co., Strike $75.00 | (70) | 6/21/2024 | (525,000) |
| (22,400) | ||
Colgate-Palmolive, Co., Strike $80.00 | (300) | 11/17/2023 | (2,400,000) |
| (2,700) | ||
Cracker Barrel Old Country Store, Inc., Strike $65.00 | (200) | 11/15/2024 | (1,300,000) |
| (220,000) | ||
Crown Castle International, Inc., Strike $145.00 | (205) | 1/19/2024 | (2,972,500) |
| (1,025) | ||
Dollar Tree, Inc., Strike $115.00 | (100) | 6/21/2024 | (1,150,000) |
| (106,000) | ||
Dominion Energy, Inc., Strike $55.00 | (550) | 1/19/2024 | (3,025,000) |
| (14,300) | ||
Duke Energy Corp., Strike $90.00 | (150) | 1/19/2024 | (1,350,000) |
| (48,000) | ||
Duke Energy Corp., Strike $95.00 | (120) | 1/19/2024 | (1,140,000) |
| (19,200) | ||
Estee Lauder Companies, Inc., Strike $205.00 | (50) | 1/19/2024 | (1,025,000) |
| (2,375) | ||
Fiserv, Inc., Strike $100.00 | (100) | 1/19/2024 | (1,000,000) |
| (160,000) | ||
Fiserv, Inc., Strike $105.00 | (130) | 1/19/2024 | (1,365,000) |
| (154,700) | ||
Globus Medical, Inc., Strike $57.50 | (180) | 12/15/2023 | (1,035,000) |
| (31,500) | ||
Illumina, Inc., Strike $195.00 | (100) | 1/19/2024 | (1,950,000) |
| (8,250) | ||
Illumina, Inc., Strike $200.00 | (100) | 1/19/2024 | (2,000,000) |
| (9,000) | ||
International Flavors & Fragrances, Inc., Strike $70.00 | (70) | 12/20/2024 | (490,000) |
| (71,750) | ||
International Flavors & Fragrances, Inc., Strike $80.00 | (300) | 12/15/2023 | (2,400,000) |
| (28,500) | ||
Johnson & Johnson, Strike $160.00 | (70) | 1/19/2024 | (1,120,000) |
| (31,150) | ||
Johnson & Johnson, Strike $165.00 | (60) | 1/19/2024 | (990,000) |
| (15,420) | ||
Johnson & Johnson, Strike $155.00 | (50) | 10/20/2023 | (775,000) |
| (18,250) | ||
L3Harris Technologies, Inc., Strike $180.00 | (70) | 1/19/2024 | (1,260,000) |
| (46,550) | ||
L3Harris Technologies, Inc., Strike $210.00 | (65) | 10/20/2023 | (1,365,000) |
| (325) | ||
Laboratory Corp. of America Holdings, Strike $240.00 | (100) | 2/16/2024 | (2,400,000) |
| (100,000) | ||
Laboratory Corp. of America Holdings, Strike $220.00 | (100) | 1/19/2024 | (2,200,000) |
| (190,000) | ||
Liberty Media Corp. Series A, Strike $35.00 | (300) | 1/19/2024 | (1,050,000) |
| (66,750) | ||
Liberty Media Corp. Series A, Strike $35.00 | (580) | 10/20/2023 | (2,030,000) |
| (34,800) | ||
Marathon Petroleum Corp., Strike $115.00 | (100) | 1/19/2024 | (1,150,000) |
| (386,000) | ||
Marathon Petroleum Corp., Strike $120.00 | (200) | 6/21/2024 | (2,400,000) |
| (765,000) | ||
Mercury Systems, Inc., Strike $35.00 | (300) | 12/15/2023 | (1,050,000) |
| (136,500) | ||
Mercury Systems, Inc., Strike $40.00 | (660) | 12/15/2023 | (2,640,000) |
| (99,000) | ||
NRG Energy, Inc., Strike $34.00 | (600) | 12/15/2023 | (2,040,000) |
| (318,000) | ||
NRG Energy, Inc., Strike $35.00 | (400) | 12/15/2023 | (1,400,000) |
| (180,000) | ||
NRG Energy, Inc., Strike $33.00 | (200) | 1/19/2024 | (660,000) |
| (128,000) | ||
Paramount Global Class B, Strike $15.00 | (195) | 12/15/2023 | (292,500) |
| (10,140) | ||
Post Holdings, Inc., Strike $95.00 | (100) | 10/20/2023 | (950,000) |
| (2,500) | ||
PPL Corp., Strike $25.00 |
| (600) | 1/19/2024 | (1,500,000) |
| (36,000) | |
PPL Corp., Strike $28.00 |
| (1,050) | 1/19/2024 | (2,940,000) |
| (12,600) | |
PPL Corp., Strike $27.00 |
| (300) | 6/21/2024 | (810,000) |
| (18,000) | |
Seabridge Gold, Inc., Strike $12.00 | (500) | 12/15/2023 | (600,000) |
| (17,500) | ||
Southwest Gas Holdings, Inc., Strike $60.00 | (350) | 1/19/2024 | (2,100,000) |
| (148,750) | ||
Suncor Energy, Inc., Strike $30.00 | (1,100) | 7/19/2024 | (3,300,000) |
| (712,250) | ||
The J.M. Smucker Co., Strike $125.00 | (250) | 1/17/2025 | (3,125,000) |
| (290,000) | ||
US Foods Holdings Corp., Strike $35.00 | (150) | 1/19/2024 | (525,000) |
| (90,000) | ||
|
|
|
|
|
|
|
|
|
|
| (14,230) |
| (80,210,000) |
| (5,410,180) |
|
|
|
|
|
|
|
|
Put Options Written |
|
|
|
|
|
| |
Illumina, Inc., Strike $115.00 | (200) | 1/19/2024 | (2,300,000) |
| (88,000) | ||
Invesco QQQ Trust Series 1, Strike $265.00 | (1,100) | 12/15/2023 | (29,150,000) |
| (49,500) | ||
L3Harris Technologies, Inc., Strike $160.00 | (70) | 1/19/2024 | (1,120,000) |
| (23,800) | ||
L3Harris Technologies, Inc., Strike $165.00 | (40) | 10/20/2023 | (660,000) |
| (3,800) | ||
SPDR S&P 500 ETF Trust, Strike $385.00 | (1,000) | 12/15/2023 | (38,500,000) |
| (262,000) | ||
|
|
|
|
|
|
|
|
|
|
| (2,410) |
| (71,730,000) |
| (427,100) |
|
|
|
|
|
|
|
|
Total Options |
|
|
|
| (Cost $ 1,290,308) |
| 1,301,105 |
|
|
|
|
|
|
|
|
Common Stock Securities Sold Short - -0.53% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Title Insurance - -0.15% |
|
|
|
|
| ||
Argo Group International Holdings, Ltd. |
|
| (6,000) |
| (179,040) | ||
|
|
|
|
|
|
|
|
Miscellaneous Fabricated Metal Products - -0.37% |
|
|
|
|
| ||
Circor International, Inc. |
|
|
| (7,821) |
| (436,021) | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total Common Stock Securities Sold Short |
|
| (Cost $ 550,096) |
| (615,061) | ||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. |
|
| |||||
These inputs are summarized in the three broad levels listed below. |
|
|
|
|
| ||
• Level 1 - quoted prices in active markets for identical securities |
|
|
|
|
| ||
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
|
| |||||
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
|
|
| ||||
|
|
|
|
|
|
|
|
The following is a summary of the inputs used as of September 29, 2023 in valuing the Fund's assets carried at fair value: |
|
|
| ||||
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments | |
Level 1 - Quoted Prices |
|
| $ | 118,218,243 | $ | - | |
Level 2 - Other Significant Observable Inputs |
|
| 3,490,589 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| 30,182 |
| - | ||
Total |
|
|
| $ | 121,739,014 | $ | - |
|
|
|
|
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
|
| |||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
|
| |||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
|
| |||||
market, such securities are reflected as Level 2. |
|
|
|
|
| ||
|
|
|
|
|
|
|
|
ADR - American Depositary Receipt. |
|
|
|
|
| ||
* Represents non-income producing securities. |
|
|
|
|
| ||
** Variable rate security; the coupon rate shown represents the yield at September 29, 2023 |
|
|
|
| |||
+ Default Bonds |
|
|
|
|
|
| |
∞ Distressed Securities. |
|
|
|
|
|
| |
● Level 2 Security. |
|
|
|
|
|
| |
~ Variable Rate Security. The coupon is based on an underlying pool of loans. |
|
|
|
| |||
Δ Indicates a delisted security. Total market value for delisted securities is $256,564 representing .22% of net assets. |
|
|
| ||||
† Indicates an illiquid security. Total market value for illiquid securities is $91,836 representing .08% of net assets. |
|
| |||||
^ Indicates a fair valued security. Total market value for fair valued securities is $30,812 representing .03% of net assets and Level 3 securities. |
|
|
| ||||
(a) Subject to written option contracts. |
|
|
|
|
| ||
(b) All or a portion of this security is held as collateral for written options. Total value of collateral for written options is $20,109,064.82 representing 17.28% of net assets. |
|
| |||||
# Denotes a restricted security that may be sold without restriction to "qualified institutional buyers" as defined in Rule 144A under the Securities Act of 1933, as amended, is $19,863 representing .02% of net assets. |
- FRNKX Dashboard
- Filings
-
NPORT-P Filing
Frank Value Fund (FRNKX) NPORT-PCamelot Event Driven Fund (Sep 2023 report)
Filed: 24 Nov 23, 11:19am