ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS
As of January 31, 2022 (Unaudited)
Original Acquisition Date | Cost | Fair Value | Redemptions Permitted | Redemption Notice Period | ||||||||||
INVESTMENTS IN PORTFOLIO FUNDS*a ‒ 94.4% | ||||||||||||||
ASIA EQUITY LONG/SHORT ‒ 5.4% | ||||||||||||||
Pleiad Asia Equity Offshore Feeder Fund | 11/1/2020 | 4,000,000 | 4,141,548 | Quarterly | 60 Days d | |||||||||
Pleiad Asia Offshore Feeder Fund | 10/1/2014 b | 5,850,714 | 7,681,424 | Quarterly | 60 Days c,d,f | |||||||||
9,850,714 | 11,822,972 | |||||||||||||
CHINA EQUITY LONG/SHORT ‒ 4.4% | ||||||||||||||
IvyRock China Focus Feeder Fund - Class C | 4/1/2019 | 6,335,926 | 9,446,752 | Monthly | 30 Days e | |||||||||
COMMODITY RELATED EQUITY ‒ 5.5% | ||||||||||||||
Delbrook Resource Opportunities (Cayman) Fund Ltd. | 1/1/2022 | 1,500,000 | 1,478,917 | Quarterly | 90 Days c,f | |||||||||
Energy Dynamics Fund Limited Class D | 4/1/2018 | 8,057,485 | 10,483,595 | Monthly | 90 Days c | |||||||||
9,557,485 | 11,962,512 | |||||||||||||
FINANCIAL EQUITY LONG/SHORT ‒ 6.6% | ||||||||||||||
Azora Offshore Fund, Ltd. | 5/1/2018 | 7,721,540 | 9,307,048 | Quarterly | 45 Days | |||||||||
Vetamer Capital Partners, L.P. | 2/1/2021 | 5,750,000 | 5,061,599 | Quarterly | 60 Days d | |||||||||
13,471,540 | 14,368,647 | |||||||||||||
GLOBAL EQUITY LONG/SHORT ‒ 18.9% | ||||||||||||||
140 Summer Partners Offshore Ltd. | 7/1/2020 | 7,600,000 | 8,967,568 | Quarterly | 60 Days d | |||||||||
One01 Capital Partners, Ltd. | 5/1/2020 | 9,100,000 | 10,672,498 | Quarterly | 45 Days f | |||||||||
Riposte Global Opportunity Fund, L.P. Founders 2 | 2/1/2016 | 7,033,381 | 9,056,986 | Quarterly | 30 Days | |||||||||
TPG Public Equity Partners-B, Ltd. | 1/1/2016 | 9,194,398 | 12,345,166 | Quarterly | 60 Days d | |||||||||
32,927,779 | 41,042,218 | |||||||||||||
HEALTH CARE EQUITY LONG/SHORT ‒ 10.1% | ||||||||||||||
Averill Fund, Ltd. | 11/1/2020 | 5,000,000 | 7,446,467 | Quarterly | 60 Days d,f | |||||||||
Camber Capital Fund, L.P. | 1/1/2016 | 4,541,457 | 7,200,273 | Quarterly | 90 Days c | |||||||||
Iron Triangle Offshore Fund Ltd. | 9/1/2020 | 7,000,000 | 7,288,992 | Quarterly | 60 Days f | |||||||||
16,541,457 | 21,935,732 | |||||||||||||
LATIN AMERICA ‒ 4.5% | ||||||||||||||
Sagil Latin American Opportunities Fund - Class B | 4/1/2017 | 7,750,000 | 9,795,875 | Monthly | 90 Days | |||||||||
REAL ESTATE LONG/SHORT ‒ 1.1% | ||||||||||||||
Long Pond Offshore, Ltd. | 6/1/2011 b | 1,793,761 | 2,482,685 | Quarterly | 60 Days | |||||||||
TMT EQUITY LONG/SHORT ‒ 21.9% | ||||||||||||||
Altimeter Offshore Ltd. - Class A1 | 11/1/2013 b | 3,356,611 | 4,843,894 | Semi-Annually | 60 Days | |||||||||
Atreides Foundation Fund, L.P. | 12/1/2020 | 10,100,000 | 8,866,863 | Quarterly | 60 Days g,h | |||||||||
Seligman Tech Spectrum Fund L.L.C. | 1/1/2016 | 6,321,632 | 13,456,257 | Monthly | 30 Days | |||||||||
SoMa Offshore, Ltd. Class A Founders | 1/1/2017 | 6,346,880 | 9,229,887 | Quarterly | 60 Days | |||||||||
Toronado Offshore Fund, Ltd. - Class A | 8/1/2018 | 7,200,000 | 11,062,839 | Quarterly | 45 Days f,g,h | |||||||||
33,325,123 | 47,459,740 |
ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS ‒ Continued
As of January 31, 2022 (Unaudited)
Original Acquisition Date | Cost | Fair Value | Redemptions Permitted | Redemption Notice Period | ||||||||||
INVESTMENTS IN PORTFOLIO FUNDS (Continued) | ||||||||||||||
U.S. EQUITY LONG/SHORT ‒ 9.6% | ||||||||||||||
Antero Peak Long/Short Offshore Fund Ltd. | 1/1/2019 | 10,910,605 | 14,963,356 | Quarterly | 30 Days | |||||||||
StackLine Partners Offshore Fund, Ltd. - Class F | 5/1/2018 | 5,547,758 | 5,887,379 | Quarterly | 60 Days d,f | |||||||||
16,458,363 | 20,850,735 | |||||||||||||
U.S. SMALL CAP ‒ 6.4% | ||||||||||||||
Kent Lake Partners, L.P. | 9/1/2021 | 5,000,000 | 4,754,136 | Quarterly | 60 Days | |||||||||
Medina Singh Investment Partners, L.P. | 8/1/2020 | 8,100,000 | 9,029,855 | Quarterly | 30 Days f | |||||||||
13,100,000 | 13,783,991 | |||||||||||||
TOTAL INVESTMENTS IN PORTFOLIO FUNDS ‒ 94.4% | 161,112,148 | 204,951,859 | ||||||||||||
TOTAL INVESTMENTS ‒ 94.4% | 161,112,148 | 204,951,859 | ||||||||||||
Other Assets in Excess of Liabilities ‒ 5.6% | 12,119,279 | |||||||||||||
SHAREHOLDERS' CAPITAL ‒ 100.0% | $ | 217,071,138 |
* | All Portfolio Funds are non-income producing securities. |
a | Portfolio Funds are issued in private placement transactions and as such are restricted as to resale. The total cost and fair value of these restricted investments as of January 31, 2022 was $161,112,148 and $204,951,859 respectively. |
b | Reflects original acquisition date of the investment transferred from the Predecessor Fund (Note 1). |
c | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 10-25% of the fair value of the investment in the Portfolio Fund. |
d | The Portfolio Fund can institute a gate provision on redemptions at the investor level of 25% of the fair value of the investment in the Portfolio Fund per quarter. |
e | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 30% of the fair value of the investment in the Portfolio Fund. |
f | Withdrawals from this Portfolio Fund are permitted after a one-year lockup period from the date of the initial investment. |
g | The Portfolio Fund can institute a gate provision on redemptions at the investor level of 50% of the fair value of the investment in the Portfolio Fund per quarter. |
h | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 50% of the fair value of the investment in the Portfolio Fund. |