EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) |
May 31, 2022 |
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 42.5% | ||||||||
ALTERNATIVE - 6.1% | ||||||||
3,919 | First Trust Managed Futures Strategy Fund | $ | 201,789 | |||||
8,773 | iMGP DBi Managed Futures Strategy ETF | 274,683 | ||||||
12 | IQ Merger Arbitrage ETF(a) | 379 | ||||||
476,851 | ||||||||
COMMODITY - 9.2% | ||||||||
13 | Invesco DB Agriculture Fund(a) | 286 | ||||||
213 | Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF | 4,156 | ||||||
554 | iShares Gold Trust(a),(b) | 19,318 | ||||||
10,771 | iShares S&P GSCI Commodity Indexed Trust(a),(b) | 269,705 | ||||||
2,244 | ProShares UltraShort Bloomberg Crude Oil(a) | 47,102 | ||||||
563 | SPDR Gold Shares(a),(b) | 96,352 | ||||||
4,332 | United States Commodity Index Fund(a) | 259,140 | ||||||
826 | United States Natural Gas Fund, L.P.(a) | 23,054 | ||||||
719,113 | ||||||||
EQUITY - 9.0% | ||||||||
4,623 | Core Alternative ETF | 140,586 | ||||||
67 | Direxion NASDAQ-100 Equal Weighted Index Shares | 4,590 | ||||||
42 | ETFMG Alternative Harvest ETF | 303 | ||||||
477 | First Trust Financial AlphaDEX Fund | 20,821 | ||||||
326 | Global X MSCI Argentina ETF | 10,055 | ||||||
748 | Invesco DWA Financial Momentum ETF | 32,807 | ||||||
1,625 | Invesco KBW High Dividend Yield Financial ETF | 29,559 | ||||||
1,598 | Invesco S&P 500 Downside Hedge ETF | 54,923 | ||||||
302 | Invesco S&P SmallCap Energy ETF | 3,422 | ||||||
94 | iShares Currency Hedged MSCI EAFE ETF | 3,173 | ||||||
56 | iShares Exponential Technologies ETF | 2,914 | ||||||
31 | iShares Latin America 40 ETF | 881 | ||||||
202 | iShares Mortgage Real Estate ETF | 6,189 | ||||||
17 | iShares MSCI Brazil ETF | 599 | ||||||
10 | iShares MSCI Frontier and Select EM ETF | 299 | ||||||
978 | iShares MSCI Global Multifactor ETF | 33,874 | ||||||
395 | iShares MSCI India ETF | 16,365 | ||||||
63 | iShares MSCI Japan ETF | 3,629 | ||||||
4 | iShares MSCI Mexico ETF | 208 |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 42.5% (Continued) | ||||||||
EQUITY - 9.0% (Continued) | ||||||||
5,992 | iShares S&P/TSX Capped Materials Index ETF | $ | 92,466 | |||||
740 | iShares S&P/TSX Global Gold Index ETF | 10,799 | ||||||
251 | iShares S&P/TSX SmallCap Index ETF | 3,901 | ||||||
419 | iShares STOXX Europe 600 Basic Resources UCITS ETF | 32,029 | ||||||
180 | Materials Select Sector SPDR Fund | 15,485 | ||||||
112 | SPDR S&P 500 ETF Trust | 46,248 | ||||||
1,102 | SPDR S&P Metals & Mining ETF | 59,100 | ||||||
29 | SPDR S&P Oil & Gas Exploration & Production ETF | 4,484 | ||||||
2 | VanEck Africa Index ETF | 38 | ||||||
463 | VanEck Russia ETF | 148 | ||||||
586 | Vanguard FTSE Emerging Markets ETF | 25,573 | ||||||
756 | VictoryShares US EQ Income Enhanced Volatility Weighted ETF | 54,296 | ||||||
709,764 | ||||||||
FIXED INCOME - 13.2% | ||||||||
595 | BlackRock Ultra Short-Term Bond ETF | 29,833 | ||||||
3,642 | Highland/iBoxx Senior Loan ETF | 54,885 | ||||||
1,176 | iShares 0-5 Year TIPS Bond ETF | 122,398 | ||||||
241 | iShares 7-10 Year Treasury Bond ETF | 24,900 | ||||||
1,069 | iShares Agency Bond ETF | 118,595 | ||||||
10,365 | iShares Barclays USD Asia High Yield Bond Index ETF | 74,421 | ||||||
141 | iShares iBoxx $ High Yield Corporate Bond ETF | 11,210 | ||||||
1,933 | iShares JP Morgan USD Emerging Markets Bond ETF | 176,386 | ||||||
6,843 | SPDR Bloomberg Euro High Yield Bond UCITS ETF | 379,747 | ||||||
197 | VanEck Vectors Emerging Markets High Yield Bond ETF | 3,745 | ||||||
397 | Vanguard Long-Term Treasury ETF | 28,294 | ||||||
218 | Vanguard Total International Bond ETF | 10,998 | ||||||
1,035,412 | ||||||||
MIXED ALLOCATION - 3.9% | ||||||||
3,618 | First Trust Dorsey Wright Dynamic Focus 5 ETF | 132,636 | ||||||
5,435 | SPDR SSgA Multi-Asset Real Return ETF | 170,550 | ||||||
303,186 | ||||||||
SPECIALTY - 1.1% | ||||||||
1,042 | Invesco DB US Dollar Index Bullish Fund(a) | 28,353 |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
EXCHANGE-TRADED FUNDS — 42.5% (Continued) | ||||||||
SPECIALTY - 1.1% (Continued) | ||||||||
2,245 | WisdomTree Bloomberg U.S. Dollar Bullish Fund(a) | $ | 61,109 | |||||
89,462 | ||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $3,311,604) | 3,333,788 | |||||||
EXCHANGE-TRADED NOTES — 0.1% | ||||||||
COMMODITY - 0.1% | ||||||||
158 | iPath Series B Bloomberg Coffee Subindex Total Return ETN(a),(b) | 10,006 | ||||||
TOTAL EXCHANGE-TRADED NOTES (Cost $10,108) | 10,006 | |||||||
OPEN END FUNDS — 28.5% | ||||||||
ALTERNATIVE - 2.5% | ||||||||
1,336 | AQR Managed Futures Strategy Fund, Class I | 12,301 | ||||||
17,555 | Easterly Hedged Equity Fund, Class R6(c) | 183,629 | ||||||
195,930 | ||||||||
FIXED INCOME - 26.0% | ||||||||
195,378 | Easterly Income Opportunities Fund, Class R6(c) | 2,041,701 | ||||||
TOTAL OPEN END FUNDS (Cost $2,382,424) | 2,237,631 | |||||||
TOTAL INVESTMENTS - 71.1% (Cost $5,704,136) | $ | 5,581,425 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 28.9% | 2,270,680 | |||||||
NET ASSETS - 100.0% | $ | 7,852,105 |
EAFE | - Europe, Australasia and Far East |
ETF | - Exchange-Traded Fund |
L.P. | - Limited Partnership |
MSCI | - Morgan Stanley Capital International |
SPDR | - Standard & Poor’s Depositary Receipt |
(a) | Non-income producing security. |
(b) | All or a portion of this investment is a holding of the James Alpha Cayman Commodity Fund Ltd. |
(c) | Affiliated investment. |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Forward Currency Contracts | |||||||||||||||||||||||
Unrealized | |||||||||||||||||||||||
Units to | Settlement | US Dollar | Appreciation/ | ||||||||||||||||||||
Receive/Deliver | In Exchange For | Counterparty | Date | Value | (Depreciation) | ||||||||||||||||||
To Buy: | |||||||||||||||||||||||
20,324 | AUD | $ | 14,201 | USD | Brown Brothers Harriman | 6/22/2022 | $ | 14,588 | $ | 387 | |||||||||||||
Total Unrealized: | $ | 387 | |||||||||||||||||||||
To Sell: | |||||||||||||||||||||||
(132,142) | CAD | $ | (102,829) | USD | Brown Brothers Harriman | 6/22/2022 | $ | (104,453 | ) | $ | (1,624 | ) | |||||||||||
(12,173) | CHF | (12,359) | USD | Brown Brothers Harriman | 6/22/2022 | (12,703 | ) | (344 | ) | ||||||||||||||
(456,188) | EUR | (478,880) | USD | Brown Brothers Harriman | 6/22/2022 | (490,175 | ) | (11,295 | ) | ||||||||||||||
(3,038) | GBP | (3,757) | USD | Brown Brothers Harriman | 6/22/2022 | (3,829 | ) | (72 | ) | ||||||||||||||
(2,656,041) | JPY | (20,757) | USD | Brown Brothers Harriman | 6/22/2022 | (20,652 | ) | 105 | |||||||||||||||
(176,908) | MXN | (8,781) | USD | Brown Brothers Harriman | 6/22/2022 | (8,951 | ) | (170 | ) | ||||||||||||||
Total Unrealized: | $ | (13,400 | ) |
Currency Abbreviations: |
AUD - Australian Dollar |
CAD - Canadian Dollar |
CHF - Swiss Franc |
EUR - Euro |
GBP - British Pound |
JPY - Japanese Yen |
MXN - Mexican Peso |
USD - U.S. Dollar |
TOTAL RETURN SWAP - 13.4% | Unrealized Gain | |||
The Deutsche Bank Total Return Swap with a payment frequency of maturity, provides exposure to the daily, total returns of the James Alpha Index, a proprietary index of the London Branch of Deutsche Bank AG. The number of shares is 80,351, with a receivable rate of 0.39%. The James Alpha Index features a basket of commodity trading advisor (“CTA”) programs selected by Easterly Funds, LLC from an approved list of third-party managers offered through Deutsche Bank AG on its DB Select platform. The James Alpha Index comprises a diversified collection of strategy and style types, including trend following, short-term trading, discretionary, global macro, and sector specialists. According to the terms of the swap, Easterly Funds, LLC can modify the James Alpha Index as frequently as daily, on a T+1 basis, by adjusting the notional value of the James Alpha Index, or by adding, deleting, or re-weighting the constituent CTA programs. The swap became effective on December 7, 2016. The maturity date of the swap is December 9, 2022. (Notional Value $8,240,337) | $ | 1,049,846 | ||
$ | 1,049,846 |
TOTAL RETURN SWAP - (0.2)% | Unrealized Loss | |||
The Goldman Sachs i-Select III Series 88 Excess Return Strategy (“GS i-Select”) with a payment frequency of quarterly, is a synthetic rules-based proprietary strategy created by Goldman Sachs International as strategy sponsor. The GS i-Select Index includes strategies of the GS Risk Premia Universe that were selected by Easterly Funds, LLC. The GS i-Select Index is actively managed by Easterly Funds, LLC. The Index features 15 Portfolio Constituents that Easterly Funds, LLC determines the daily weighting of each constituent within the GS i-Select Index. The GS i-Select Index is comprised a diversified collection of strategy and style types, including equity, interest rates, FX, commodities, and credit based strategies such as imbalance, volatility carry, carry, momentum, low beta, and quality. According to the terms of the GS i-Select Index, Easterly Funds, LLC can modify the GS i-Select Index as frequently as daily, by adjusting the notional value of the GS i-Select Index, or by adding, deleting, or re-weighting the constituent Indexes in the GS i-Select Index. The swap became effective on February 1, 2022, and has a maturity date of February 3, 2023. The number of shares is 25,578. (Notional Value $2,648,081) | $ | (16,881 | ) | |
$ | (16,881 | ) |
TOTAL RETURN SWAP - (0.0)% | Unrealized Loss | |||
The Goldman Sachs Long Gamma US Series 10 Excess Return Strategy (“GS Long Gamma”) with a payment frequency of quarterly, attempts to provide protection in tail scenarios through a levered position in delta-hedged put options. The strategy buys 12m 10-delta S&P Put options and delta-hedges them to attempt to neutralize the inherent short market exposure in typical markets. The strategy takes a long position in volatility and is best-positioned for left-tail events with very high realized volatility. The swap became effective on February 1, 2022, and has a maturity date of February 3, 2023. The number of shares is 739. (Notional Value $99,331) | $ | (2,727 | ) | |
$ | (2,727 | ) |
TOTAL RETURN SWAP - 0.0% | Unrealized Gain | |||
The Goldman Sachs Calls-vs-Calls US Series 2 Total Return Strategy (“GS Calls vs Calls”) with a payment frequency of quarterly, is designed to extract dislocated call premiums from S&P 500 constituents; the strategy sells call options on a daily basis across top 100 constituents of the SPX where the term structure is most inverted. The stocks are picked with constraints on leverage, beta towards SPX and tracking error. The strategy also purchases an ATM call option on SPX to mitigate market risk. The swap became effective on February 1, 2022, and has a maturity date of February 3, 2023. The number of shares is 965. (Notional Value $111,956) | $ | 1,167 | ||
$ | 1,167 |
TOTAL RETURN SWAP - 0.1% | Unrealized Gain | |||
The Goldman Sachs Systematic Skew US Series 1D Total Return Strategy (“GS Systematic Skew”) with a payment frequency of quarterly, is designed to capture the spot-volatility covariance risk premium in equity markets, while minimizing exposure to volatility risk. The strategy sells 3m 15d puts and buys 3m 40d calls (delta and gamma hedged) that target a constant exposure to skew, with performance driven by Vanna. The strategy also buys 5d tail puts for added risk management. The swap became effective on February 1, 2022, and has a maturity date of February 3, 2023. The number of shares is 689. (Notional Value $108,094) | $ | 3,684 | ||
$ | 3,684 |
TOTAL RETURN SWAP - (0.0)% | Unrealized Loss | |||
The Goldman Sachs Credit Volatility Carry Y Series Excess Return Strategy (“GS Credit Vol Carry”) with a payment frequency of quarterly, is designed to harvest the volatility risk premium in credit markets via the HYG ETF. The strategy sells 3x levered ATM calls and puts on the HYG ETF and also buys back 3x levered 5 and 10 delta puts. The delta is hedged intraday every 30 minutes. The swap became effective on March 24, 2022, and has a maturity date of March 23, 2023. The number of shares is 1,381. (Notional Value $171,000) | $ | (1,971 | ) | |
$ | (1,971 | ) |
TOTAL RETURN SWAP - (0.0)% | Unrealized Loss | |||
The Goldman Sachs Volatility Carry US Series 107 Excess Return Strategy (“GS Eq Intra-Weekly Vol Carry”) with a payment frequency of quarterly, is designed to benefit from the fact that on average, equity implied volatility tends to trade at a premium to subsequent realized volatility as investors demand a risk premium for selling optionality and being short volatility, especially on the short-dated low-delta options. The strategy sells ultra-short dated put options (~2 days maturity) low delta (5 delta) that are priced relatively rich due to excess demand for these options. Options are delta-hedged intraday in order to single out the volatility premium opportunity. The swap became effective on March 24, 2022, and has a maturity date of March 23, 2023. The number of shares is 1,264. (Notional Value $137,000) | $ | (3,277 | ) | |
$ | (3,277 | ) |
TOTAL RETURN SWAP - (0.0)% | Unrealized Loss | |||
The Goldman Sachs Volatility Carry US Series 97 Excess Return Strategy (“GS Eq Weekly Vol Carry”) with a payment frequency of quarterly, is designed to benefit from the fact that on average, equity implied volatility tends to trade at a premium to subsequent realized volatility as investors demand a risk premium for selling optionality and being short volatility, especially on the short-dated low-delta options. The strategy sells short dated put options (~1 week maturity) low delta (5 delta) that are priced relatively rich due to excess demand for these options. Options are delta-hedged intraday in order to single out the volatility premium opportunity. The swap became effective on March 24, 2022, and has a maturity date of March 23, 2023. The number of shares is 820. (Notional Value $104,000) | $ | (1,854 | ) | |
$ | (1,854 | ) |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Easterly Deutche Bank Swap Top 50 Holdings | ||||||||||||||||||
FUTURES CONTRACTS | ||||||||||||||||||
Number of Contracts | Open Long Future Contracts | Expiration | Notional Value at May 31, 2022 | Value and Unrealized Appreciation / (Depreciation) | Percentage of Total Return Swap Unrealized Gain/(Loss) | |||||||||||||
4 | 10 year Italian Bond | 9/8/2022 | $ | 576,569 | $ | (16,018 | ) | (1.53 | )% | |||||||||
2 | E-Mini S&P 500 | 9/16/2022 | 314,593 | 19 | 0.00 | % | ||||||||||||
$ | (15,999 | ) | ||||||||||||||||
Number of Contracts | Open Short Future Contracts | Expiration | Notional Value at May 31, 2022 | Value and Unrealized Appreciation / (Depreciation) | Percentage of Total Return Swap Unrealized Gain/(Loss) | |||||||||||||
(8 | ) | EUR/USD | 9/19/2022 | 1,101,189 | $ | 26,705 | 2.54 | % | ||||||||||
(8 | ) | AUD/USD | 9/19/2022 | 571,959 | 24,571 | 2.34 | % | |||||||||||
(4 | ) | Euro-BOBL | 9/8/2022 | 457,172 | 603 | 0.06 | % | |||||||||||
(6 | ) | 3 year Australian Treasury Bond | 9/15/2022 | 408,805 | (2,917 | ) | (0.28 | )% | ||||||||||
(3 | ) | Euro-BUND | 9/8/2022 | 397,988 | (8,568 | ) | (0.82 | )% | ||||||||||
(2 | ) | Eurodollar | 6/19/2023 | 394,679 | 895 | 0.09 | % | |||||||||||
(1 | ) | SOFR 3month Futures | 6/20/2023 | 335,976 | (720 | ) | (0.07 | )% | ||||||||||
(1 | ) | 3 Month SONIA Index Futures | 6/20/2023 | 328,177 | (1,066 | ) | (0.10 | )% | ||||||||||
2 | E-Mini S&P 500 | 9/16/2022 | 314,593 | 19 | 0.00 | % | ||||||||||||
(1 | ) | SOFR 3month Futures | 6/18/2024 | 287,894 | (2,043 | ) | (0.19 | )% | ||||||||||
(2 | ) | Three Month Canadian Bankers Acceptance Future | 3/13/2023 | 287,056 | (1,050 | ) | (0.10 | )% | ||||||||||
(2 | ) | 2 year Euro-Schatz | 9/8/2022 | 269,642 | (1,195 | ) | (0.11 | )% | ||||||||||
(3 | ) | JPY/USD | 9/19/2022 | 263,220 | 5,306 | 0.51 | % | |||||||||||
(1 | ) | 3 month Euro (EURIBOR) | 12/18/2023 | 249,173 | (1,112 | ) | (0.11 | )% | ||||||||||
(1 | ) | 3 Month SONIA Index Futures | 9/19/2023 | 246,986 | (1,128 | ) | (0.11 | )% | ||||||||||
$ | 38,300 | |||||||||||||||||
TOTAL FUTURES CONTRACTS | $ | 22,301 |
PURCHASED CALL OPTIONS | ||||||||||||||||||||||||
Description | Counterparty | Notional Value at May 31, 2022 | Exercise Price | Expiration Date | Fair Value | Percentage of Total Return Swap Unrealized Gain | ||||||||||||||||||
CNH/USD | Deutsche Bank | $ | 435,204 | $ | 6.60 | 4/18/2022 | $ | 91 | 0.01 | % | ||||||||||||||
USD/EUR | Deutsche Bank | 435,204 | 1.18 | 4/28/2022 | 620 | 0.06 | % | |||||||||||||||||
ZAR/USD | Deutsche Bank | 336,080 | 15.40 | 7/21/2022 | 1,168 | 0.11 | % | |||||||||||||||||
TOTAL PURCHASED PUT OPTIONS | 1,879 |
FORWARD CURRENCY CONTRACTS + | ||||||||||||||||||||||||
Unrealized | Percentage of | |||||||||||||||||||||||
Units to | Settlement | US Dollar | Appreciation / | Total Return Swap | ||||||||||||||||||||
Receive/Deliver | In Exchange For | Counterparty | Date | Value | (Depreciation) | Unrealized Gain | ||||||||||||||||||
To Buy: | ||||||||||||||||||||||||
318,939,665 | KRO | $ | 248,077 | USD | Deutsche Bank | 7/8/2022 | $ | 249,216 | $ | 1,139 | 0.11 | % | ||||||||||||
19,382,224 | HKD | 2,480,766 | USD | Deutsche Bank | 6/2/2023 | 2,478,722 | (2,044 | ) | (0.19 | )% | ||||||||||||||
10,685,911 | HKD | 1,364,401 | USD | Deutsche Bank | 8/8/2022 | 1,364,401 | — | 0.00 | % | |||||||||||||||
8,715,217 | HKD | 1,116,345 | USD | Deutsche Bank | 3/10/2023 | 1,116,268 | (77 | ) | (0.01 | )% | ||||||||||||||
615,426,730 | KRO | 552,125 | USD | Deutsche Bank | 10/27/2022 | 628,138 | 76,013 | 7.24 | % | |||||||||||||||
3,681,305 | CNH | 549,244 | USD | Deutsche Bank | 7/14/2022 | 548,593 | (651 | ) | (0.06 | )% | ||||||||||||||
588,548,664 | KRO | 504,833 | USD | Deutsche Bank | 11/1/2022 | 554,401 | 49,568 | 4.72 | % | |||||||||||||||
642,860,709 | KRO | 498,402 | USD | Deutsche Bank | 11/28/2022 | 499,400 | 998 | 0.10 | % | |||||||||||||||
11,775,622 | TWO | 399,958 | USD | Deutsche Bank | 7/21/2022 | 403,376 | 3,418 | 0.33 | % | |||||||||||||||
268,081 | USD | 385,129 | AUD | Deutsche Bank | 7/29/2022 | 385,112 | (17 | ) | (0.00 | )% | ||||||||||||||
20,488,400 | PHO | 384,815 | USD | Deutsche Bank | 7/29/2022 | 397,461 | 12,646 | 1.20 | % | |||||||||||||||
314,812 | USD | 305,202 | EUR | Deutsche Bank | 7/21/2022 | 309,640 | 4,438 | 0.42 | % | |||||||||||||||
310,171 | USD | 299,638 | EUR | Deutsche Bank | 6/30/2022 | 309,562 | 9,924 | 0.95 | % | |||||||||||||||
1,939,077 | CNH | 288,011 | USD | Deutsche Bank | 7/25/2022 | 286,409 | (1,602 | ) | (0.15 | )% | ||||||||||||||
167,716 | USD | 267,335 | NZD | Deutsche Bank | 7/29/2022 | 266,775 | (560 | ) | (0.05 | )% | ||||||||||||||
319,256,307 | KRO | 260,880 | USD | Deutsche Bank | 10/20/2022 | 275,032 | 14,152 | 1.35 | % | |||||||||||||||
3,785,870,196 | IDO | 258,951 | USD | Deutsche Bank | 8/18/2022 | 263,529 | 4,578 | 0.44 | % | |||||||||||||||
19,804,956 | INO | 255,514 | USD | Deutsche Bank | 7/11/2022 | 260,242 | 4,728 | 0.45 | % | |||||||||||||||
To Sell: | ||||||||||||||||||||||||
(19,419,435 | ) | HKD | (2,480,803 | ) | USD | Deutsche Bank | 9/2/2022 | (2,480,803 | ) | — | 0.00 | % | ||||||||||||
(19,428,366 | ) | HKD | (2,480,803 | ) | USD | Deutsche Bank | 8/31/2022 | (2,480,803 | ) | — | 0.00 | % | ||||||||||||
(10,664,924 | ) | HKD | (1,364,421 | ) | USD | Deutsche Bank | 11/7/2022 | (1,364,199 | ) | 222 | 0.02 | % | ||||||||||||
(8,723,205 | ) | HKD | (1,116,352 | ) | USD | Deutsche Bank | 12/12/2022 | (1,116,352 | ) | — | 0.00 | % | ||||||||||||
(615,405,598 | ) | KRO | (553,706 | ) | USD | Deutsche Bank | 7/27/2022 | (474,171 | ) | 79,535 | 7.58 | % | ||||||||||||
(585,855,017 | ) | KRO | (503,281 | ) | USD | Deutsche Bank | 8/1/2022 | (451,440 | ) | 51,841 | 4.94 | % | ||||||||||||
(644,845,321 | ) | KRO | (496,160 | ) | USD | Deutsche Bank | 8/29/2022 | (497,213 | ) | (1,053 | ) | (0.10 | )% | |||||||||||
(490,485 | ) | USD | (462,049 | ) | EUR | Deutsche Bank | 7/29/2022 | (462,020 | ) | 29 | 0.00 | % | ||||||||||||
(540,224,250 | ) | KRO | (420,331 | ) | USD | Deutsche Bank | 7/29/2022 | (416,205 | ) | 4,126 | 0.39 | % | ||||||||||||
(317,952,321 | ) | KRO | (248,077 | ) | USD | Deutsche Bank | 6/30/2022 | (247,068 | ) | 1,009 | 0.10 | % | ||||||||||||
(318,613,229 | ) | KRO | (260,884 | ) | USD | Deutsche Bank | 1/20/2023 | (247,250 | ) | 13,634 | 1.30 | % | ||||||||||||
(33,544,413 | ) | JPY | (258,422 | ) | USD | Deutsche Bank | 7/6/2022 | (246,853 | ) | 11,569 | 1.10 | % | ||||||||||||
TOTAL FORWARD CURRENCY CONTRACTS | 337,563 |
+ | Foreign currency transactions are done by notional and not by contracts |
Currency Abbreviations:
AUD - Australian Dollar
CNH - Chinese Yuan
EUR - Euro
GBP - British Pound
HKD - Hong Konh Dollar
JPY - Japanese Yen
KRO - Sweedish Krona
MXN - Mexican Peso
NZD - New Zealand Dollar
USD - U.S. Dollar
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs i-Select III Series 88 Excess Return Strategy Top 50 Holdings | |||||||||
FUTURES CONTRACTS * | |||||||||
Number of Contracts | Open Long Future Contracts | Notional Value at May 31, 2022 | Expiration Date | ||||||
1 | CBOT Corn Future | $ | 31,239 | 12/14/2022 | |||||
0 | CBOT Corn Future | 8,273 | 3/14/2023 | ||||||
0 | CBOT Soybean Future | 15,349 | 11/14/2022 | ||||||
0 | CBOT Wheat Future | 12,759 | 12/14/2022 | ||||||
0 | CME Live Cattle Future | 13,742 | 8/31/2022 | ||||||
0 | LME Copper Future | 19,217 | 7/18/2022 | ||||||
0 | LME Copper Future | 6,329 | 7/18/2022 | ||||||
0 | LME Copper Future | 23,488 | 8/15/2022 | ||||||
0 | LME Copper Future | 7,736 | 8/15/2022 | ||||||
0 | LME Nickel Future | 14,664 | 10/17/2022 | ||||||
0 | LME Nickel Future | 17,940 | 11/14/2022 | ||||||
0 | LME Primary Aluminum Future | 25,248 | 10/17/2022 | ||||||
0 | LME Primary Aluminum Future | 30,886 | 11/14/2022 | ||||||
1 | NYBOT CSC C Coffee Future | 65,517 | 12/19/2022 | ||||||
0 | NYBOT CSC C Coffee Future | 24,240 | 3/21/2023 | ||||||
1 | NYBOT CSC Number 11 World Sugar Future | 11,220 | 2/28/2023 | ||||||
1 | NYBOT CSC Number 11 World Sugar Future | 17,489 | 9/30/2022 | ||||||
1 | NYBOT CSC Number 11 World Sugar Future | 21,703 | 2/28/2023 | ||||||
0 | NYBOT CTN Number 2 Cotton Future | 14,751 | 12/7/2022 | ||||||
0 | NYBOT CTN Number 2 Cotton Future | 6,928 | 3/9/2023 | ||||||
0 | NYMEX Henry Hub Natural Gas Future | 11,152 | 9/28/2022 | ||||||
0 | NYMEX Henry Hub Natural Gas Future | 13,696 | 10/27/2022 | ||||||
0 | NYMEX Light Sweet Crude Oil Future | 6,484 | 7/20/2022 | ||||||
0 | NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Future | 9,286 | 6/30/2022 | ||||||
0 | NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Future | 10,855 | 7/29/2022 | ||||||
Number of Contracts | Open Short Future Contracts | Notional Value at May 31, 2022 | Expiration Date | ||||||
(0) | CBOT Corn Future | 15,947 | 9/14/2022 | ||||||
(0) | CBOT Corn Future | 13,561 | 7/14/2022 | ||||||
(0) | CBOT Soybean Future | 6,822 | 7/14/2022 | ||||||
(0) | CBOT Soybean Future | 7,477 | 11/14/2022 | ||||||
(0) | CME Live Cattle Future | 8,522 | 10/31/2022 | ||||||
(0) | CME Live Cattle Future | 10,886 | 12/30/2022 | ||||||
(0) | LME Copper Future | 19,478 | 10/17/2022 | ||||||
(0) | LME Copper Future | 23,807 | 11/14/2022 | ||||||
(0) | LME Copper Future | 6,492 | 1/16/2023 | ||||||
(0) | LME Copper Future | 7,933 | 2/13/2023 | ||||||
(0) | LME Nickel Future | 14,665 | 7/18/2022 | ||||||
(0) | LME Nickel Future | 17,939 | 8/15/2022 | ||||||
(0) | LME Primary Aluminum Future | 24,279 | 7/18/2022 | ||||||
(0) | LME Primary Aluminum Future | 29,763 | 8/15/2022 | ||||||
(0) | NYBOT CSC C Coffee Future | 35,284 | 9/20/2022 | ||||||
(0) | NYBOT CSC C Coffee Future | 10,439 | 7/19/2022 | ||||||
(0) | NYBOT CSC C Coffee Future | 28,844 | 7/19/2022 | ||||||
(0) | NYBOT CSC C Coffee Future | 12,770 | 9/20/2022 | ||||||
(1) | NYBOT CSC Number 11 World Sugar Future | 19,589 | 9/30/2022 | ||||||
(1) | NYBOT CSC Number 11 World Sugar Future | 15,888 | 6/30/2022 | ||||||
(0) | NYMEX Henry Hub Natural Gas Future | 9,147 | 6/28/2022 | ||||||
(0) | NYMEX Henry Hub Natural Gas Future | 11,171 | 7/27/2022 | ||||||
(0) | NYMEX Light Sweet Crude Oil Future | 7,293 | 10/20/2022 | ||||||
(0) | NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Future | 11,804 | 10/31/2022 | ||||||
(0) | NYMEX Reformulated Gasoline Blendstock for Oxygen Blending RBOB Future | 10,207 | 9/30/2022 | ||||||
* | The GS i-Select invests in 15 Portfolio Constituents which do not trade individual futures, therefore the Futures do not have any individual unrealized gains/losses. |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs Long Gamma US Series 10 Total Return Strategy Top 50 Holdings | ||||||||||||||||||||
EQUITY FORWARDS | ||||||||||||||||||||
Number of Contracts | Open Short Equity Forwards | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | $ | 4,536 | 7/15/2022 | $ | 4,160 | (32 | ) | |||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,203 | 8/19/2022 | 4,160 | (42 | ) | |||||||||||||
2 | S&P 500 Index | Goldman Sachs | 10,309 | 9/16/2022 | 4,160 | (65 | ) | |||||||||||||
2 | S&P 500 Index | Goldman Sachs | 8,953 | 10/21/2022 | 4,160 | (45 | ) | |||||||||||||
2 | S&P 500 Index | Goldman Sachs | 8,571 | 11/18/2022 | 4,160 | (37 | ) | |||||||||||||
5 | S&P 500 Index | Goldman Sachs | 21,842 | 12/16/2022 | 4,150 | (25 | ) | |||||||||||||
2 | S&P 500 Index | Goldman Sachs | 7,539 | 2/17/2023 | 4,150 | 20 | ||||||||||||||
3 | S&P 500 Index | Goldman Sachs | 12,795 | 3/17/2023 | 4,150 | 46 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 6,141 | 4/21/2023 | 4,150 | 36 | ||||||||||||||
3 | S&P 500 Index | Goldman Sachs | 12,126 | 6/16/2023 | 4,150 | 104 | ||||||||||||||
(40 | ) | |||||||||||||||||||
PURCHASED PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | $ | 4,451 | 6/17/2022 | $ | 2,975 | $ | — | |||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,641 | 6/17/2022 | 2,900 | — | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,702 | 6/17/2022 | 2,850 | — | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,681 | 6/17/2022 | 2,625 | — | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,419 | 6/17/2022 | 2,550 | — | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,595 | 6/17/2022 | 2,500 | — | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,736 | 6/17/2022 | 2,050 | — | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 7,738 | 7/15/2022 | 2,600 | 3 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,971 | 8/19/2022 | 2,650 | 10 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,743 | 8/19/2022 | 2,600 | 8 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,049 | 9/16/2022 | 3,400 | 56 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,399 | 9/16/2022 | 2,600 | 16 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 8,274 | 9/16/2022 | 2,550 | 19 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 7,450 | 9/16/2022 | 2,500 | 16 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,792 | 10/21/2022 | 2,500 | 20 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,583 | 11/18/2022 | 3,275 | 86 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 6,138 | 11/18/2022 | 2,750 | 41 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,444 | 11/18/2022 | 2,700 | 28 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,671 | 12/16/2022 | 3,600 | 141 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,992 | 12/16/2022 | 3,325 | 97 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,397 | 12/16/2022 | 3,275 | 97 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,426 | 12/16/2022 | 3,250 | 111 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,930 | 12/16/2022 | 3,200 | 79 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,712 | 12/16/2022 | 3,025 | 58 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,840 | 12/16/2022 | 2,700 | 36 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,977 | 12/16/2022 | 2,650 | 34 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,473 | 12/16/2022 | 2,450 | 30 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,274 | 2/17/2023 | 2,600 | 49 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,803 | 2/17/2023 | 2,500 | 55 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,428 | 3/17/2023 | 3,525 | 159 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,462 | 3/17/2023 | 3,250 | 110 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,756 | 3/17/2023 | 3,200 | 109 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,902 | 3/17/2023 | 3,100 | 98 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 9,687 | 3/17/2023 | 2,600 | 100 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,612 | 3/17/2023 | 2,500 | 51 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,735 | 4/21/2023 | 2,600 | 55 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,453 | 5/19/2023 | 2,200 | 42 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,321 | 6/16/2023 | 2,500 | 77 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,239 | 6/16/2023 | 2,400 | 67 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,566 | 6/16/2023 | 2,300 | 62 | ||||||||||||||
2,020 |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs Calls-vs-Calls US Series 2 Total Return Strategy Top 50 Holdings | ||||||||||||||||||||
PURCHASED CALL OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Call Options Purchased | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | $ | 1,560 | 6/17/2022 | $ | 4,510 | $ | — | |||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,588 | 6/17/2022 | 4,500 | 1 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,546 | 6/17/2022 | 4,490 | 1 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,363 | 6/17/2022 | 4,475 | 1 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 3,026 | 6/17/2022 | 4,470 | 2 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,914 | 6/17/2022 | 4,465 | 1 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,798 | 6/17/2022 | 4,425 | 3 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 2,066 | 6/17/2022 | 4,410 | 3 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,096 | 6/17/2022 | 4,405 | 3 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 3,269 | 6/17/2022 | 4,400 | 5 | ||||||||||||||
2 | S&P 500 Index | Goldman Sachs | 6,785 | 6/17/2022 | 4,305 | 33 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,946 | 6/17/2022 | 4,300 | 15 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,279 | 6/17/2022 | 4,285 | 26 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,810 | 6/17/2022 | 4,200 | 24 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,869 | 6/17/2022 | 4,195 | 39 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,713 | 6/17/2022 | 4,190 | 38 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 3,547 | 6/17/2022 | 4,185 | 52 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,965 | 6/17/2022 | 4,165 | 100 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,554 | 6/17/2022 | 4,160 | 45 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,461 | 6/17/2022 | 4,145 | 48 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,080 | 6/17/2022 | 4,135 | 84 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,312 | 6/17/2022 | 4,095 | 139 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 3,211 | 6/17/2022 | 4,065 | 99 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,076 | 6/17/2022 | 4,035 | 182 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,260 | 6/17/2022 | 4,015 | 207 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,599 | 6/17/2022 | 4,010 | 185 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,432 | 6/17/2022 | 4,005 | 182 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,471 | 6/17/2022 | 3,985 | 200 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,968 | 6/17/2022 | 3,980 | 273 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,310 | 6/17/2022 | 3,950 | 274 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,864 | 6/17/2022 | 3,945 | 255 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,040 | 6/17/2022 | 3,940 | 270 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 5,778 | 6/17/2022 | 3,930 | 321 | ||||||||||||||
4 | S&P 500 Index | Goldman Sachs | 15,365 | 6/17/2022 | 3,910 | 915 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,087 | 7/15/2022 | 4,475 | 8 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,761 | 7/15/2022 | 4,410 | 17 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,159 | 7/15/2022 | 4,320 | 26 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,234 | 7/15/2022 | 4,200 | 53 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,615 | 7/15/2022 | 4,170 | 71 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,950 | 7/15/2022 | 4,070 | 81 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,707 | 7/15/2022 | 4,025 | 132 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,310 | 7/15/2022 | 3,995 | 124 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,194 | 7/15/2022 | 3,990 | 120 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 3,687 | 7/15/2022 | 3,960 | 221 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 4,256 | 7/15/2022 | 3,915 | 291 | ||||||||||||||
0 | S&P 500 Index | Goldman Sachs | 1,885 | 8/19/2022 | 3,970 | 130 | ||||||||||||||
1 | S&P 500 Index | Goldman Sachs | 2,665 | 8/19/2022 | 3,930 | 203 | ||||||||||||||
5,503 | ||||||||||||||||||||
WRITTEN CALL OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Call Options Written | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(38 | ) | Cisco Systems, Inc. | Goldman Sachs | $ | 1,726 | 6/17/2022 | $ | 50 | $ | (1 | ) | |||||||||
(10 | ) | PepsiCo, Inc. | Goldman Sachs | 1,652 | 6/17/2022 | 170 | (18 | ) | ||||||||||||
(10 | ) | Zoetis, Inc. | Goldman Sachs | 1,661 | 6/17/2022 | 165 | (79 | ) | ||||||||||||
(98 | ) |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs Systematic Skew US Series 1D Total Return Strategy Top 50 Holdings | ||||||||||||||||||||
EQUITY FORWARDS | ||||||||||||||||||||
Number of Contracts | Open Short Equity Forwards | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(48 | ) | S&P 500 Index | Goldman Sachs | $ | 199,149 | 6/17/2022 | $ | 4,160 | $ | 1,410 | ||||||||||
(49 | ) | S&P 500 Index | Goldman Sachs | 200,894 | 7/15/2022 | 4,160 | 1,417 | |||||||||||||
(27 | ) | S&P 500 Index | Goldman Sachs | 113,261 | 8/19/2022 | 4,160 | 760 | |||||||||||||
(7 | ) | S&P 500 Index | Goldman Sachs | 29,225 | 9/16/2022 | 4,160 | 183 | |||||||||||||
3,770 | ||||||||||||||||||||
PURCHASED CALL OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
6 | S&P 500 Index | Goldman Sachs | $ | 26,446 | 6/17/2022 | $ | 4,290 | $ | 155 | |||||||||||
9 | S&P 500 Index | Goldman Sachs | 35,531 | 6/17/2022 | 4,285 | 218 | ||||||||||||||
5 | S&P 500 Index | Goldman Sachs | 20,964 | 6/17/2022 | 4,260 | 164 | ||||||||||||||
6 | S&P 500 Index | Goldman Sachs | 24,420 | 6/17/2022 | 4,250 | 210 | ||||||||||||||
7 | S&P 500 Index | Goldman Sachs | 28,078 | 6/17/2022 | 4,240 | 264 | ||||||||||||||
24 | S&P 500 Index | Goldman Sachs | 101,137 | 6/17/2022 | 4,100 | 2,581 | ||||||||||||||
13 | S&P 500 Index | Goldman Sachs | 52,754 | 6/17/2022 | 4,035 | 1,902 | ||||||||||||||
5 | S&P 500 Index | Goldman Sachs | 22,132 | 7/15/2022 | 4,310 | 285 | ||||||||||||||
7 | S&P 500 Index | Goldman Sachs | 28,483 | 7/15/2022 | 4,140 | 892 | ||||||||||||||
8 | S&P 500 Index | Goldman Sachs | 31,192 | 7/15/2022 | 4,130 | 1,024 | ||||||||||||||
8 | S&P 500 Index | Goldman Sachs | 33,061 | 7/15/2022 | 4,070 | 1,374 | ||||||||||||||
7 | S&P 500 Index | Goldman Sachs | 28,815 | 7/15/2022 | 4,060 | 1,242 | ||||||||||||||
9 | S&P 500 Index | Goldman Sachs | 35,449 | 7/15/2022 | 4,040 | 1,642 | ||||||||||||||
6 | S&P 500 Index | Goldman Sachs | 23,075 | 8/19/2022 | 4,075 | 1,208 | ||||||||||||||
13,161 | ||||||||||||||||||||
PURCHASED PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
10 | S&P 500 Index | Goldman Sachs | $ | 41,560 | 6/17/2022 | $ | 3,275 | $ | 11 | |||||||||||
7 | S&P 500 Index | Goldman Sachs | 28,669 | 6/17/2022 | 2,650 | 1 | ||||||||||||||
6 | S&P 500 Index | Goldman Sachs | 23,588 | 6/17/2022 | 2,550 | 1 | ||||||||||||||
6 | S&P 500 Index | Goldman Sachs | 23,607 | 6/17/2022 | 2,400 | 1 | ||||||||||||||
5 | S&P 500 Index | Goldman Sachs | 21,351 | 6/17/2022 | 2,350 | — | ||||||||||||||
5 | S&P 500 Index | Goldman Sachs | 21,305 | 6/17/2022 | 2,325 | — | ||||||||||||||
5 | S&P 500 Index | Goldman Sachs | 21,159 | 6/17/2022 | 2,225 | — | ||||||||||||||
9 | S&P 500 Index | Goldman Sachs | 38,081 | 6/17/2022 | 2,200 | 5 | ||||||||||||||
7 | S&P 500 Index | Goldman Sachs | 29,425 | 6/17/2022 | 2,150 | 1 | ||||||||||||||
11 | S&P 500 Index | Goldman Sachs | 47,000 | 7/15/2022 | 2,750 | 30 | ||||||||||||||
9 | S&P 500 Index | Goldman Sachs | 36,488 | 7/15/2022 | 2,550 | 14 | ||||||||||||||
7 | S&P 500 Index | Goldman Sachs | 28,376 | 7/15/2022 | 2,450 | 9 | ||||||||||||||
13 | S&P 500 Index | Goldman Sachs | 52,199 | 7/15/2022 | 2,400 | 20 | ||||||||||||||
24 | S&P 500 Index | Goldman Sachs | 99,160 | 7/15/2022 | 2,300 | 32 | ||||||||||||||
17 | S&P 500 Index | Goldman Sachs | 70,623 | 7/15/2022 | 2,200 | 20 | ||||||||||||||
14 | S&P 500 Index | Goldman Sachs | 58,638 | 7/15/2022 | 2,100 | 15 | ||||||||||||||
16 | S&P 500 Index | Goldman Sachs | 64,278 | 8/19/2022 | 2,300 | 55 | ||||||||||||||
13 | S&P 500 Index | Goldman Sachs | 53,877 | 8/19/2022 | 2,200 | 38 | ||||||||||||||
17 | S&P 500 Index | Goldman Sachs | 68,699 | 8/19/2022 | 2,100 | 41 | ||||||||||||||
11 | S&P 500 Index | Goldman Sachs | 46,879 | 8/19/2022 | 2,000 | 23 | ||||||||||||||
11 | S&P 500 Index | Goldman Sachs | 47,033 | 9/16/2022 | 2,100 | 54 | ||||||||||||||
11 | S&P 500 Index | Goldman Sachs | 45,749 | 9/16/2022 | 2,000 | 45 | ||||||||||||||
416 | ||||||||||||||||||||
WRITTEN PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(7 | ) | S&P 500 Index | Goldman Sachs | $ | 27,622 | 6/17/2022 | $ | 3,995 | $ | (283 | ) | |||||||||
(5 | ) | S&P 500 Index | Goldman Sachs | 22,391 | 6/17/2022 | 3,965 | (193 | ) | ||||||||||||
(12 | ) | S&P 500 Index | Goldman Sachs | 50,386 | 6/17/2022 | 3,890 | (276 | ) | ||||||||||||
(5 | ) | S&P 500 Index | Goldman Sachs | 21,559 | 6/17/2022 | 3,565 | (17 | ) | ||||||||||||
(11 | ) | S&P 500 Index | Goldman Sachs | 47,000 | 7/15/2022 | 3,740 | (416 | ) | ||||||||||||
(7 | ) | S&P 500 Index | Goldman Sachs | 29,240 | 7/15/2022 | 3,570 | (139 | ) | ||||||||||||
(10 | ) | S&P 500 Index | Goldman Sachs | 42,383 | 7/15/2022 | 3,440 | (133 | ) | ||||||||||||
(8 | ) | S&P 500 Index | Goldman Sachs | 31,385 | 8/19/2022 | 3,610 | (392 | ) | ||||||||||||
(5 | ) | S&P 500 Index | Goldman Sachs | 22,656 | 8/19/2022 | 3,330 | (147 | ) | ||||||||||||
(6 | ) | S&P 500 Index | Goldman Sachs | 23,796 | 9/16/2022 | 3,250 | (199 | ) | ||||||||||||
(2,195 | ) |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs Credit Volatility Carry Y Series Excess Return Strategy Top 50 Holdings | ||||||||||||||||||||
EQUITY FORWARDS | ||||||||||||||||||||
Number of Contracts | Open Short Equity Forwards | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(48 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | $ | 54,394 | 6/1/2022 | $ | 80 | $ | (551 | ) | |||||||||
PURCHASED PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
57 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | $ | 4,497 | 6/17/2022 | $ | 74.50 | $ | 5 | |||||||||||
61 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,887 | 6/17/2022 | 73.50 | 4 | ||||||||||||||
62 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,925 | 6/17/2022 | 66 | 1 | ||||||||||||||
68 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 5,422 | 7/15/2022 | 67 | 5 | ||||||||||||||
81 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 6,459 | 7/15/2022 | 71 | 11 | ||||||||||||||
181 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 14,352 | 7/15/2022 | 68 | 15 | ||||||||||||||
183 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 14,559 | 7/15/2022 | 70 | 21 | ||||||||||||||
224 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 17,771 | 7/15/2022 | 66 | 15 | ||||||||||||||
280 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 22,259 | 6/17/2022 | 73 | 15 | ||||||||||||||
289 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 22,997 | 7/15/2022 | 65 | 17 | ||||||||||||||
295 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 23,425 | 7/15/2022 | 69 | 29 | ||||||||||||||
417 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 33,135 | 6/17/2022 | 69 | 11 | ||||||||||||||
492 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 39,139 | 6/17/2022 | 70 | 15 | ||||||||||||||
550 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 43,740 | 6/17/2022 | 67 | 11 | ||||||||||||||
615 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 48,883 | 6/17/2022 | 72 | 27 | ||||||||||||||
622 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 49,467 | 6/17/2022 | 68 | 14 | ||||||||||||||
757 | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 60,212 | 6/17/2022 | 71 | 28 | ||||||||||||||
244 | ||||||||||||||||||||
WRITTEN CALL OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(101 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | $ | 8,051 | 6/17/2022 | $ | 83 | $ | (1 | ) | |||||||||
(239 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 19,034 | 6/17/2022 | 82 | (7 | ) | ||||||||||||
(435 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 34,546 | 6/17/2022 | 81 | (39 | ) | ||||||||||||
(714 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 56,776 | 6/17/2022 | 80 | (223 | ) | ||||||||||||
(320 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 25,412 | 6/17/2022 | 79 | (253 | ) | ||||||||||||
(54 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,269 | 6/17/2022 | 79 | (60 | ) | ||||||||||||
(471 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 37,419 | 6/17/2022 | 78 | (702 | ) | ||||||||||||
(121 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 9,625 | 6/17/2022 | 78 | (229 | ) | ||||||||||||
(727 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 57,825 | 6/17/2022 | 77 | (1,689 | ) | ||||||||||||
(52 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,173 | 6/17/2022 | 76 | (170 | ) | ||||||||||||
(61 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,834 | 7/15/2022 | 81 | (17 | ) | ||||||||||||
(255 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 20,270 | 7/15/2022 | 80 | (152 | ) | ||||||||||||
(152 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 12,091 | 7/15/2022 | 79 | (163 | ) | ||||||||||||
(384 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 30,523 | 7/15/2022 | 78 | (648 | ) | ||||||||||||
(306 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 24,310 | 7/15/2022 | 77 | (737 | ) | ||||||||||||
(5,090 | ) | |||||||||||||||||||
WRITTEN PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(933 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | $ | 74,152 | 6/17/2022 | $ | 75 | $ | (89 | ) | |||||||||
(868 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 68,990 | 6/17/2022 | 76 | (122 | ) | ||||||||||||
(816 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 64,849 | 6/17/2022 | 78 | (325 | ) | ||||||||||||
(710 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 56,472 | 6/17/2022 | 77 | (163 | ) | ||||||||||||
(630 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 50,101 | 6/17/2022 | 79 | (440 | ) | ||||||||||||
(420 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 33,417 | 7/15/2022 | 76 | (211 | ) | ||||||||||||
(361 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 28,688 | 7/15/2022 | 75 | (131 | ) | ||||||||||||
(285 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 22,685 | 6/17/2022 | 80 | (347 | ) | ||||||||||||
(231 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 18,380 | 7/15/2022 | 77 | (161 | ) | ||||||||||||
(228 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 18,115 | 7/15/2022 | 74 | (61 | ) | ||||||||||||
(219 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 17,426 | 7/15/2022 | 78 | (213 | ) | ||||||||||||
(176 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 14,004 | 7/15/2022 | 79 | (238 | ) | ||||||||||||
(146 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 11,628 | 6/17/2022 | 81 | (292 | ) | ||||||||||||
(116 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 9,245 | 6/17/2022 | 76.50 | (21 | ) | ||||||||||||
(94 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 7,507 | 6/17/2022 | 78.50 | (50 | ) | ||||||||||||
(62 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,918 | 6/17/2022 | 74 | (4 | ) | ||||||||||||
(54 | ) | iShares iBoxx $ High Yield Corporate Bond ETF | Goldman Sachs | 4,269 | 6/17/2022 | 77.50 | (16 | ) | ||||||||||||
(2,884 | ) |
EASTERLY GLOBAL MACRO FUND |
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued) |
May 31, 2022 |
Goldman Sachs Volatility Carry US Series 107 Excess Return Strategy Top 50 Holdings | ||||||||||||||||||||
EQUITY FORWARDS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(1 | ) | S&P 500 Index | Goldman Sachs | $ | 5,851 | 6/17/2022 | $ | 4,160 | $ | 40 | ||||||||||
(1 | ) | S&P 500 Index | Goldman Sachs | 4,858 | 6/17/2022 | $ | 4,160 | 34 | ||||||||||||
74 | ||||||||||||||||||||
WRITTEN PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(24 | ) | S&P 500 Index | Goldman Sachs | $ | 99,545 | 6/1/2022 | $ | 4,020 | $ | (89 | ) | |||||||||
(49 | ) | S&P 500 Index | Goldman Sachs | 204,267 | 6/1/2022 | 3,960 | (122 | ) | ||||||||||||
(24 | ) | S&P 500 Index | Goldman Sachs | 99,545 | 6/3/2022 | 3,950 | (325 | ) | ||||||||||||
(536 | ) | |||||||||||||||||||
Goldman Sachs Volatility Carry US Series 97 Excess Return Strategy Top 50 Holdings | ||||||||||||||||||||
EQUITY FORWARDS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(1 | ) | S&P 500 Index | Goldman Sachs | $ | 4,942 | 6/3/2022 | $ | 4,130 | $ | (2 | ) | |||||||||
WRITTEN PUT OPTIONS | ||||||||||||||||||||
Number of Contracts | Open Put Options | Counterparty | Notional Value at May 31, 2022 | Expiration Date | Exercise Price | Fair Value | ||||||||||||||
(28 | ) | S&P 500 Index | Goldman Sachs | $ | 114,107 | 6/3/2022 | $ | 3,930 | $ | (45 | ) | |||||||||
(38 | ) | S&P 500 Index | Goldman Sachs | 156,205 | 6/3/2022 | 3,890 | (34 | ) | ||||||||||||
(8 | ) | S&P 500 Index | Goldman Sachs | 31,895 | 6/3/2022 | 3,780 | (3 | ) | ||||||||||||
(8 | ) | S&P 500 Index | Goldman Sachs | 32,187 | 6/3/2022 | 3,610 | (1 | ) | ||||||||||||
(83 | ) |
EASTERLY GLOBAL REAL ESTATE FUND |
SCHEDULE OF INVESTMENTS (Unaudited) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.6% | ||||||||
Australia - 2.1% | ||||||||
2,233,676 | NEXTDC Ltd.(a) | $ | 17,579,096 | |||||
Bermuda - 1.8% | ||||||||
3,335,447 | Hongkong Land Holdings Ltd. | 15,476,474 | ||||||
Canada - 1.6% | ||||||||
298,642 | Canadian Apartment Properties REIT | 11,686,453 | ||||||
129,374 | Dream Industrial Real Estate Investment Trust | 1,453,342 | ||||||
47,032 | Summit Industrial Income REIT | 715,361 | ||||||
13,855,156 | ||||||||
Cayman Islands - 4.1% | ||||||||
1,617,274 | CK Asset Holdings Ltd. | 10,544,973 | ||||||
2,616,894 | ESR Cayman Ltd.(a) | 7,740,517 | ||||||
487,957 | GDS Holdings Ltd. - ADR(a) | 13,657,916 | ||||||
568,505 | Wharf Real Estate Investment Company Ltd. | 2,743,384 | ||||||
34,686,790 | ||||||||
France - 0.6% | ||||||||
229,632 | Klepierre S.A. | 5,240,714 | ||||||
Germany - 8.9% | ||||||||
864,650 | Deutsche Wohnen S.E. | 23,878,842 | ||||||
1,379,456 | Instone Real Estate Group A.G. | 18,961,793 | ||||||
793,406 | TAG Immobilien A.G. | 14,373,963 | ||||||
489,472 | Vonovia S.E. | 18,666,017 | ||||||
75,880,615 | ||||||||
Guernsey - 0.6% | ||||||||
3,376,570 | Sirius Real Estate Ltd. | 4,925,669 | ||||||
Hong Kong - 5.4% | ||||||||
5,130,009 | Link REIT | 46,387,343 | ||||||
Italy - 0.8% | ||||||||
489,660 | COIMA RES SpA | 5,187,242 |
EASTERLY GLOBAL REAL ESTATE FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.6% (Continued) | ||||||||
Italy - 0.8% (Continued) | ||||||||
175,554 | Infrastrutture Wireless Italiane SpA | $ | 1,956,072 | |||||
7,143,314 | ||||||||
Japan - 10.3% | ||||||||
48,825 | Japan Hotel REIT Investment Corporation | 25,268,293 | ||||||
3,478,949 | Mitsubishi Estate Company Ltd. | 51,732,930 | ||||||
2,380 | Mitsui Fudosan Logistics Park, Inc. | 10,267,759 | ||||||
87,268,982 | ||||||||
Singapore - 2.6% | ||||||||
7,838,387 | Keppel DC REIT | 11,768,862 | ||||||
7,913,370 | Mapletree Commercial Trust | 10,263,071 | ||||||
22,031,933 | ||||||||
Spain - 4.9% | ||||||||
931,734 | Cellnex Telecom S.A. | 42,038,864 | ||||||
United Kingdom - 6.1% | ||||||||
15,982,849 | Assura PLC | 14,460,717 | ||||||
5,065,725 | Empiric Student Property PLC | 6,000,134 | ||||||
3,250,002 | Grainger PLC | 12,667,935 | ||||||
411,379 | Great Portland Estates PLC | 3,400,537 | ||||||
93,406 | Segro PLC | 1,304,666 | ||||||
954,848 | UNITE Group PLC (The) | 13,914,988 | ||||||
51,748,977 | ||||||||
United States - 49.8% | ||||||||
969,085 | Acadia Realty Trust | 19,052,211 | ||||||
139,338 | Alexandria Real Estate Equities, Inc. | 23,123,141 | ||||||
421,224 | American Homes 4 Rent, Class A | 15,568,439 | ||||||
1,241,573 | Americold Realty Trust, Inc. | 34,379,155 | ||||||
30,292 | Camden Property Trust | 4,346,599 | ||||||
1,680,610 | CatchMark Timber Trust, Inc., Class A | 19,814,392 | ||||||
418,266 | CBRE Group, Inc., Class A(a) | 34,649,156 | ||||||
463,810 | CoreCivic, Inc.(a) | 5,969,235 | ||||||
196,804 | Corporate Office Properties Trust | 5,439,663 | ||||||
193,485 | CubeSmart | 8,615,887 | ||||||
4,053,369 | DigitalBridge Group, Inc.(a) | 24,401,281 |
EASTERLY GLOBAL REAL ESTATE FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 99.6% (Continued) | ||||||||
United States - 49.8% (Continued) | ||||||||
368,532 | Easterly Government Properties, Inc. | $ | 7,234,283 | |||||
1,069,204 | Ellington Financial, Inc. | 16,561,970 | ||||||
27,469 | Equinix, Inc. | 18,873,675 | ||||||
24,323 | Extra Space Storage, Inc. | 4,334,359 | ||||||
167,400 | Gaming and Leisure Properties, Inc. | 7,837,668 | ||||||
870,412 | GEO Group, Inc. (The)(a) | 6,188,629 | ||||||
494,057 | Independence Realty Trust, Inc. | 11,615,280 | ||||||
213,704 | Kilroy Realty Corporation | 12,971,833 | ||||||
7,965 | National Storage Affiliates Trust | 417,764 | ||||||
173,910 | Prologis, Inc. | 22,170,047 | ||||||
971,291 | Retail Opportunity Investments Corporation | 17,551,228 | ||||||
37,955 | Rexford Industrial Realty, Inc. | 2,424,186 | ||||||
4,308 | SBA Communications Corporation | 1,450,116 | ||||||
195,039 | Sun Communities, Inc. | 32,011,751 | ||||||
602,677 | UDR, Inc. | 28,807,961 | ||||||
122,167 | Ventas, Inc. | 6,931,756 | ||||||
552,403 | VICI Properties, Inc. | 17,041,633 | ||||||
255,790 | Washington Real Estate Investment Trust | 6,213,139 | ||||||
227,160 | Weyerhaeuser Company | 8,977,363 | ||||||
424,973,800 | ||||||||
TOTAL COMMON STOCKS (Cost $1,097,983,313) | 849,237,727 | |||||||
TOTAL INVESTMENTS - 99.6% (Cost $1,097,983,313) | $ | 849,237,727 | ||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 0.4% | 3,045,997 | |||||||
NET ASSETS - 100.0% | $ | 852,283,724 |
ADR | - American Depositary Receipt |
Ltd. | - Limited Company |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S.A. | - Société Anonyme |
(a) | Non-income producing security. |
EASTERLY GLOBAL REAL ESTATE FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Forward Currency Contracts | ||||||||||||||||||||
Unrealized | ||||||||||||||||||||
Units to Receive/Deliver | In Exchange For | US Dollar Value | Counterparty | Settlement Date | Appreciation/ (Depreciation) | |||||||||||||||
To Sell: | ||||||||||||||||||||
$ | (69,746 | ) | EUR | $ | (75,163 | ) | USD | $ | (74,859 | ) | Brown Brothers Harriman | 6/1/2022 | $ | 304 | ||||||
$ | (1,421,446 | ) | GBP | $ | (1,798,840 | ) | USD | $ | (1,791,250 | ) | Brown Brothers Harriman | 6/1/2022 | 7,590 | |||||||
Total Unrealized: | $ | 7,894 |
Currency Abbreviations:
EUR - Euro
GBP - British Pound
USD - U.S. Dollar
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) |
May 31, 2022 |
Shares | Fair Value | |||||||
CLOSED END FUNDS — 11.7% | ||||||||
FIXED INCOME - 11.7% | ||||||||
5,000 | Allspring Income Opportunities | $ | 36,550 | |||||
6,500 | Apollo Tactical Income Fund, Inc. | 84,045 | ||||||
310 | BlackRock Core Bond Trust | 3,664 | ||||||
917 | BlackRock Corporate High Yield Fund, Inc. | 9,482 | ||||||
482 | BlackRock Credit Allocation Income Trust | 5,562 | ||||||
1 | BlackRock Limited Duration Income Trust | 14 | ||||||
20,000 | Blackstone / GSO Strategic Credit Fund | 236,800 | ||||||
500 | DoubleLine Income Solutions Fund | 6,630 | ||||||
4,000 | Eaton Vance Ltd. Duration Income Fund | 42,440 | ||||||
38,014 | First Trust High Income Long/Short Fund | 485,820 | ||||||
20,000 | Invesco Senior Income Trust | 79,200 | ||||||
1,939 | Neuberger Berman High Yield Strategies Fund | 17,722 | ||||||
1 | Nuveen Credit Strategies Income Fund | 5 | ||||||
7,000 | Nuveen Global High Income Fund | 88,410 | ||||||
4,000 | Nuveen Preferred & Income Term Fund | 83,120 | ||||||
8,836 | Nuveen Senior Income Fund | 44,622 | ||||||
3,500 | PGIM Global High Yield Fund, Inc. | 43,925 | ||||||
6,873 | PGIM High Yield Bond Fund, Inc. | 93,816 | ||||||
100 | Western Asset High Income Opportunity Fund, Inc. | 426 | ||||||
1,362,253 | ||||||||
TOTAL CLOSED END FUNDS (Cost $1,470,564) | 1,362,253 | |||||||
COMMON STOCKS — 68.4% | ||||||||
AEROSPACE & DEFENSE - 0.4% | ||||||||
817 | Mercury Systems, Inc.(a),(b) | 48,865 | ||||||
APPAREL & TEXTILE PRODUCTS - 1.0% | ||||||||
1,263 | Canada Goose Holdings, Inc.(a),(b) | 25,336 | ||||||
435 | Carter’s, Inc.(a) | 33,517 | ||||||
1,920 | Figs, Inc.(b) | 17,088 | ||||||
895 | Skechers USA, Inc., Class A(a),(b) | 35,262 | ||||||
111,203 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
ASSET MANAGEMENT - 0.7% | ||||||||
668 | Hamilton Lane, Inc., Class A(a) | $ | 46,459 | |||||
188 | LPL Financial Holdings, Inc. | 36,884 | ||||||
83,343 | ||||||||
AUTOMOTIVE - 0.3% | ||||||||
2,300 | Tenneco, Inc., Class A(b) | 39,813 | ||||||
BANKING - 1.0% | ||||||||
1,112 | Eagle Bancorp Montana, Inc.(a) | 21,906 | ||||||
2,700 | TriState Capital Holdings, Inc.(a),(b) | 82,567 | ||||||
700 | Umpqua Holdings Corporation | 12,355 | ||||||
116,828 | ||||||||
BEVERAGES - 0.3% | ||||||||
2,450 | Primo Water Corporation(a) | 35,084 | ||||||
BIOTECH & PHARMA - 1.0% | ||||||||
200 | Biohaven Pharmaceutical Holding Company Ltd.(b) | 28,746 | ||||||
900 | Sierra Oncology, Inc.(b) | 49,303 | ||||||
1,302 | TransMedics Group, Inc.(a),(b) | 37,979 | ||||||
116,028 | ||||||||
COMMERCIAL SUPPORT SERVICES - 0.9% | ||||||||
127 | Avalara, Inc.(a),(b) | 10,753 | ||||||
983 | Clean Harbors, Inc.(a),(b) | 91,812 | ||||||
102,565 | ||||||||
CONTAINERS & PACKAGING - 0.2% | ||||||||
800 | Intertape Polymer Group, Inc. | 24,784 | ||||||
DATA CENTER REIT - 1.2% | ||||||||
132 | Equinix, Inc. | 90,696 | ||||||
27,877 | Keppel DC REIT | 41,914 | ||||||
132,610 | ||||||||
E-COMMERCE DISCRETIONARY - 0.8% | ||||||||
2,655 | Leslie’s, Inc.(a),(b) | 51,560 | ||||||
1,260 | Revolve Group, Inc.(a),(b) | 37,019 | ||||||
88,579 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
ELECTRICAL EQUIPMENT - 0.3% | ||||||||
673 | BWX Technologies, Inc.(a) | $ | 34,458 | |||||
ENGINEERING & CONSTRUCTION - 1.3% | ||||||||
3,392 | Cellnex Telecom S.A. | 153,017 | ||||||
643 | Infrastrutture Wireless Italiane SpA | 7,153 | ||||||
160,170 | ||||||||
ENTERTAINMENT CONTENT - 1.0% | ||||||||
1,000 | Activision Blizzard, Inc.(a) | 77,879 | ||||||
223 | Take-Two Interactive Software, Inc.(b) | 27,808 | ||||||
105,687 | ||||||||
FOOD - 0.6% | ||||||||
1,746 | TreeHouse Foods, Inc.(a),(b) | 71,796 | ||||||
GAMING REIT - 0.9% | ||||||||
675 | Gaming and Leisure Properties, Inc. | 31,604 | ||||||
2,328 | VICI Properties, Inc. | 71,819 | ||||||
103,423 | ||||||||
HEALTH CARE FACILITIES & SERVICES - 0.5% | ||||||||
100 | LHC Group, Inc.(a),(b) | 16,666 | ||||||
2,057 | NeoGenomics, Inc.(a),(b) | 17,320 | ||||||
861 | Progyny, Inc.(a),(b) | 27,216 | ||||||
61,202 | ||||||||
HEALTH CARE REIT - 1.2% | ||||||||
56,801 | Assura PLC | 51,393 | ||||||
3,780 | Global Medical REIT, Inc.(a) | 49,140 | ||||||
400 | Healthcare Trust of America, Inc. | 12,020 | ||||||
660 | Ventas, Inc. | 37,448 | ||||||
150,001 | ||||||||
HOME CONSTRUCTION - 0.4% | ||||||||
1,700 | Cornerstone Building Brands, Inc.(a),(b) | 41,735 | ||||||
HOTEL REIT - 0.8% | ||||||||
173 | Japan Hotel REIT Investment Corporation | 89,778 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
INDUSTRIAL REIT - 2.5% | ||||||||
615 | Prologis, Inc. | $ | 78,400 | |||||
1,000 | PS Business Parks, Inc.(a) | 187,629 | ||||||
206 | Rexford Industrial Realty, Inc. | 13,157 | ||||||
166 | Summit Industrial Income REIT | 2,525 | ||||||
281,711 | ||||||||
INDUSTRIAL SUPPORT SERVICES - 0.4% | ||||||||
696 | Ritchie Bros Auctioneers, Inc.(a) | 41,892 | ||||||
INFRASTRUCTURE REIT - 0.4% | ||||||||
132 | SBA Communications Corporation | 44,433 | ||||||
INSURANCE - 1.9% | ||||||||
200 | Alleghany Corporation(b) | 166,756 | ||||||
200 | Willis Towers Watson PLC | 42,214 | ||||||
208,970 | ||||||||
INTERNET MEDIA & SERVICES - 0.4% | ||||||||
182 | Fiverr International Ltd.(a),(b) | 7,700 | ||||||
722 | Marqeta, Inc.(b) | 7,559 | ||||||
900 | Twitter, Inc.(b) | 35,641 | ||||||
50,900 | ||||||||
LEISURE FACILITIES & SERVICES - 1.5% | ||||||||
900 | Cineplex, Inc.(b) | 9,185 | ||||||
3,691 | Norwegian Cruise Line Holdings Ltd.(a),(b) | 59,093 | ||||||
989 | Red Rock Resorts, Inc., Class A(a) | 38,304 | ||||||
648 | Shake Shack, Inc., Class A(a),(b) | 31,525 | ||||||
278 | Sportradar Group A.G.(b) | 2,610 | ||||||
111 | Sweetgreen, Inc.(b) | 2,029 | ||||||
460 | Wingstop, Inc.(a) | 36,644 | ||||||
179,390 | ||||||||
MEDICAL EQUIPMENT & DEVICES - 0.8% | ||||||||
409 | Axonics, Inc.(a),(b) | 20,450 | ||||||
317 | CareDx, Inc.(a),(b) | 7,973 | ||||||
137 | Inspire Medical Systems, Inc.(a),(b) | 24,226 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
MEDICAL EQUIPMENT & DEVICES - 0.8% (Continued) | ||||||||
1,079 | Silk Road Medical, Inc.(a),(b) | $ | 35,844 | |||||
88,493 | ||||||||
METALS & MINING - 0.4% | ||||||||
1,400 | Turquoise Hill Resources Ltd.(b) | 39,298 | ||||||
MULTI ASSET CLASS REIT - 1.3% | ||||||||
7,840 | DigitalBridge Group, Inc.(b) | 47,197 | ||||||
458 | Dream Industrial Real Estate Investment Trust | 5,145 | ||||||
2,669 | Great Portland Estates PLC | 22,064 | ||||||
31,439 | Mapletree Commercial Trust | 40,844 | ||||||
600 | Preferred Apartment Communities, Inc., Class A | 14,964 | ||||||
333 | Segro PLC | 4,650 | ||||||
903 | Washington Real Estate Investment Trust | 21,934 | ||||||
156,798 | ||||||||
OFFICE OWNERS & DEVELOPERS - 0.1% | ||||||||
1,415 | COIMA RES SpA | 14,990 | ||||||
OFFICE REIT - 1.7% | ||||||||
633 | Alexandria Real Estate Equities, Inc. | 105,046 | ||||||
684 | Corporate Office Properties Trust | 18,906 | ||||||
1,441 | Easterly Government Properties, Inc. | 28,287 | ||||||
755 | Kilroy Realty Corporation | 45,829 | ||||||
198,068 | ||||||||
REAL ESTATE INVESTMENT TRUSTS - 1.6% | ||||||||
5,121 | Americold Realty Trust, Inc.(a) | 141,801 | ||||||
9 | Mitsui Fudosan Logistics Park, Inc. | 38,874 | ||||||
180,675 | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 5.1% | ||||||||
5,762 | CK Asset Holdings Ltd. | 37,632 | ||||||
2,780 | Deutsche Wohnen S.E. | 76,654 | ||||||
11,691 | Grainger PLC | 45,524 | ||||||
11,305 | Hongkong Land Holdings Ltd. | 52,455 | ||||||
4,910 | Instone Real Estate Group A.G. | 67,455 | ||||||
12,290 | Mitsubishi Estate Company Ltd. | 182,265 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
REAL ESTATE OWNERS & DEVELOPERS - 5.1% (Continued) | ||||||||
13,289 | Sirius Real Estate Ltd. | $ | 19,392 | |||||
2,788 | TAG Immobilien A.G. | 50,422 | ||||||
1,718 | Vonovia S.E. | 65,368 | ||||||
597,167 | ||||||||
REAL ESTATE SERVICES - 1.3% | ||||||||
1,485 | CBRE Group, Inc., Class A(b) | 123,017 | ||||||
9,552 | ESR Cayman Ltd.(b) | 28,301 | ||||||
151,318 | ||||||||
RENEWABLE ENERGY - 1.1% | ||||||||
2,100 | Renewable Energy Group, Inc.(a),(b) | 128,751 | ||||||
RESIDENTIAL REIT - 4.9% | ||||||||
2,000 | American Campus Communities, Inc.(a) | 129,999 | ||||||
1,702 | American Homes 4 Rent, Class A | 62,906 | ||||||
109 | Camden Property Trust | 15,640 | ||||||
1,055 | Canadian Apartment Properties REIT | 41,284 | ||||||
1,625 | Independence Realty Trust, Inc. | 38,204 | ||||||
689 | Sun Communities, Inc. | 113,086 | ||||||
2,690 | UDR, Inc. | 128,582 | ||||||
3,428 | UNITE Group PLC (The) | 50,024 | ||||||
579,725 | ||||||||
RETAIL - CONSUMER STAPLES - 1.2% | ||||||||
411 | Five Below, Inc.(a),(b) | 53,672 | ||||||
1,261 | Ollie’s Bargain Outlet Holdings, Inc.(a),(b) | 59,229 | ||||||
1,162 | OptimizeRx Corporation(a),(b) | 29,724 | ||||||
142,625 | ||||||||
RETAIL - DISCRETIONARY - 0.5% | ||||||||
499 | Designer Brands, Inc., Class A(a) | 7,749 | ||||||
565 | Driven Brands Holdings, Inc.(b) | 16,351 | ||||||
900 | Kohl’s Corporation(a) | 36,289 | ||||||
60,389 | ||||||||
RETAIL OWNERS & DEVELOPERS - 0.2% | ||||||||
15,626 | Empiric Student Property PLC | 18,490 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
RETAIL REIT - 2.5% | ||||||||
793 | Acadia Realty Trust | $ | 15,590 | |||||
2,300 | Cedar Realty Trust, Inc.(a) | 60,881 | ||||||
16,113 | Link REIT | 145,889 | ||||||
3,438 | Retail Opportunity Investments Corporation | 62,125 | ||||||
284,485 | ||||||||
SELF-STORAGE REIT - 0.7% | ||||||||
1,019 | CubeSmart | 45,376 | ||||||
220 | Extra Space Storage, Inc. | 39,204 | ||||||
28 | National Storage Affiliates Trust | 1,469 | ||||||
86,049 | ||||||||
SEMICONDUCTORS - 1.9% | ||||||||
800 | Coherent, Inc.(a),(b) | 216,768 | ||||||
SOFTWARE - 15.0% | ||||||||
140 | Alkami Technology, Inc.(b) | 1,967 | ||||||
380 | Alteryx, Inc., Class A(a),(b) | 21,147 | ||||||
3,800 | Anaplan, Inc.(a),(b) | 249,279 | ||||||
113 | AvidXchange Holdings, Inc.(b) | 992 | ||||||
681 | Black Knight, Inc.(a),(b) | 46,247 | ||||||
1,005 | Blackline, Inc.(a),(b) | 73,586 | ||||||
162 | Braze, Inc.(b) | 5,417 | ||||||
222 | C3.ai, Inc.(a),(b) | 4,200 | ||||||
4,467 | Cantaloupe, Inc.(a),(b) | 23,407 | ||||||
3,200 | CDK Global, Inc. | 174,272 | ||||||
3,000 | Cerner Corporation(a) | 284,549 | ||||||
1,400 | Change Healthcare, Inc.(b) | 33,726 | ||||||
600 | Citrix Systems, Inc.(a) | 60,414 | ||||||
309 | CS Disco, Inc.(b) | 7,697 | ||||||
1,100 | Datto Holding Corporation(b) | 38,621 | ||||||
1,129 | Domo, Inc.(a),(b) | 35,993 | ||||||
1,208 | Dynatrace, Inc.(a),(b) | 45,505 | ||||||
5,448 | eGain Corporation(a),(b) | 49,740 | ||||||
221 | Expensify, Inc.(b) | 4,672 | ||||||
475 | Guidewire Software, Inc.(a),(b) | 37,972 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
SOFTWARE - 15.0% (Continued) | ||||||||
635 | Health Catalyst, Inc.(a),(b) | $ | 9,303 | |||||
2,348 | Jamf Holding Corporation(a),(b) | 60,438 | ||||||
598 | JFrog Ltd.(a),(b) | 11,153 | ||||||
1,300 | Momentive Global, Inc.(b) | 15,834 | ||||||
1,324 | N-Able, Inc.(a),(b) | 13,240 | ||||||
679 | nCino, Inc.(a),(b) | 22,183 | ||||||
913 | Nutanix, Inc., Class A(a),(b) | 14,791 | ||||||
529 | Paycor HCM, Inc.(b) | 12,971 | ||||||
263 | Paylocity Holding Corporation(a),(b) | 45,988 | ||||||
935 | Phreesia, Inc.(a),(b) | 16,961 | ||||||
1,149 | Ping Identity Holding Corporation(a),(b) | 21,716 | ||||||
112 | Privia Health Group, Inc.(b) | 2,684 | ||||||
50 | Procore Technologies, Inc.(b) | 2,275 | ||||||
1,231 | PROS Holdings, Inc.(a),(b) | 33,594 | ||||||
1,400 | Sailpoint Technologies Holdings, Inc.(a),(b) | 88,816 | ||||||
198 | Signify Health, Inc.(b) | 2,699 | ||||||
395 | Sprinklr, Inc., Class A(b) | 5,001 | ||||||
445 | Sprout Social, Inc., Class A(a),(b) | 22,664 | ||||||
1,446 | Tenable Holdings, Inc.(a),(b) | 72,734 | ||||||
425 | Vertex, Inc., Class A(a),(b) | 4,701 | ||||||
7,264 | Zeta Global Holdings Corporation(a),(b) | 57,749 | ||||||
1,736,898 | ||||||||
SPECIALTY FINANCE - 0.9% | ||||||||
3,805 | Ellington Financial, Inc. | 58,939 | ||||||
48 | Flywire Corporation(b) | 927 | ||||||
2,232 | International Money Express, Inc.(a),(b) | 46,024 | ||||||
105,890 | ||||||||
TECHNOLOGY HARDWARE - 0.2% | ||||||||
899 | Pure Storage, Inc., Class A(a),(b) | 21,333 | ||||||
TECHNOLOGY SERVICES - 0.8% | ||||||||
1,600 | Nielsen Holdings PLC(a) | 40,897 | ||||||
641 | Repay Holdings Corporation(a),(b) | 7,980 | ||||||
751 | Shift4 Payments, Inc.(a),(b) | 34,283 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — 68.4% (Continued) | ||||||||
TECHNOLOGY SERVICES - 0.8% (Continued) | ||||||||
91 | WEX, Inc.(a),(b) | $ | 15,495 | |||||
98,655 | ||||||||
TELECOMMUNICATIONS - 1.0% | ||||||||
1,125 | GDS Holdings Ltd. - ADR(b) | 31,489 | ||||||
7,920 | NEXTDC Ltd.(b) | 62,567 | ||||||
400 | Switch, Inc., Class A | 13,500 | ||||||
200 | Vonage Holdings Corporation(b) | 3,874 | ||||||
111,430 | ||||||||
TIMBER REIT - 1.2% | ||||||||
5,947 | CatchMark Timber Trust, Inc., Class A | 70,115 | ||||||
1,671 | Weyerhaeuser Company | 66,038 | ||||||
136,153 | ||||||||
TRANSPORTATION & LOGISTICS - 1.2% | ||||||||
3,360 | AFC Gamma, Inc.(a) | 60,211 | ||||||
1,152 | CryoPort, Inc.(a),(b) | 29,318 | ||||||
987 | Knight-Swift Transportation Holdings, Inc.(a) | 48,008 | ||||||
200 | Spirit Airlines, Inc.(b) | 4,190 | ||||||
141,727 | ||||||||
TRANSPORTATION EQUIPMENT - 0.6% | ||||||||
1,800 | Meritor, Inc.(a),(b) | 65,106 | ||||||
WHOLESALE - DISCRETIONARY - 0.3% | ||||||||
854 | IAA, Inc.(a),(b) | 33,332 | ||||||
TOTAL COMMON STOCKS (Cost $8,775,095) | 7,919,861 | |||||||
EXCHANGE-TRADED FUNDS — 6.8% | ||||||||
EQUITY - 0.3% | ||||||||
1 | ProShares UltraPro Short S&P 500(b) | 16 | ||||||
2,001 | ProShares UltraShort Russell2000(b) | 33,497 | ||||||
33,513 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Shares | Fair Value | |||||||||||
EXCHANGE-TRADED FUNDS — 6.8% (Continued) | ||||||||||||
FIXED INCOME - 6.5% | ||||||||||||
15,000 | Invesco Senior Loan ETF | $ | 316,049 | |||||||||
6,001 | iShares 0-5 Year High Yield Corporate Bond ETF | 257,683 | ||||||||||
1 | iShares Preferred & Income Securities ETF | 35 | ||||||||||
7,001 | ProShares UltraShort 20+ Year Treasury(b) | 179,576 | ||||||||||
753,343 | ||||||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $781,717) | 786,856 | |||||||||||
OPEN END FUNDS — 0.6% | ||||||||||||
FIXED INCOME - 0.6% | ||||||||||||
6,890 | Easterly Income Opportunities Fund, Class R6(c) | 71,997 | ||||||||||
TOTAL OPEN END FUNDS (Cost $76,771) | 71,997 | |||||||||||
Principal Amount ($) | Coupon Rate (%) | Maturity | ||||||||||
CORPORATE BONDS — 5.6% | ||||||||||||
ASSET MANAGEMENT — 3.0% | ||||||||||||
350,000 | Icahn Enterprises, L.P. / Icahn Enterprises Finance Corporation | 6.3750 | 12/15/25 | 350,909 | ||||||||
AUTOMOTIVE — 2.6% | ||||||||||||
300,000 | Ford Motor Credit Company, LLC | 3.3500 | 11/01/22 | 299,544 | ||||||||
TOTAL CORPORATE BONDS (Cost $652,823) | 650,453 | |||||||||||
TOTAL INVESTMENTS - 93.1% (Cost $11,756,970) | $ | 10,791,420 | ||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 6.9% | 823,190 | |||||||||||
NET ASSETS - 100.0% | $ | 11,614,610 |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) |
May 31, 2022 |
Shares | Fair Value | |||||||
COMMON STOCKS — (1.5)% | ||||||||
ASSET MANAGEMENT - (0.6)% | ||||||||
(675 | ) | Raymond James Financial, Inc. | $ | (66,481 | ) | |||
BANKING - (0.1)% | ||||||||
(417 | ) | Columbia Banking System, Inc. | (12,573 | ) | ||||
BIOTECH & PHARMA - (0.1)% | ||||||||
(1,597 | ) | Sinovac Biotech Ltd.(d) | (10,333 | ) | ||||
ENTERTAINMENT CONTENT - (0.2)% | ||||||||
(154 | ) | Take-Two Interactive Software, Inc. | (19,178 | ) | ||||
HEALTH CARE REIT - (0.1)% | ||||||||
(300 | ) | Healthcare Realty Trust, Inc. | (8,721 | ) | ||||
SEMICONDUCTORS - (0.4)% | ||||||||
(728 | ) | II-VI, Inc. | (45,500 | ) | ||||
EXCHANGE-TRADED FUNDS — (7.1)% | ||||||||
EQUITY - (7.1)% | ||||||||
(1,602 | ) | iShares Russell 2000 ETF | (296,867 | ) | ||||
(2,361 | ) | iShares Russell 2000 Growth ETF | (520,529 | ) | ||||
(817,396 | ) | |||||||
TOTAL SECURITIES SOLD SHORT - (Proceeds - $755,218) | $ | (980,182 | ) |
ADR | - American Depositary Receipt |
ETF | - Exchange-Traded Fund |
LLC | - Limited Liability Company |
Ltd. | - Limited Company |
PLC | - Public Limited Company |
REIT | - Real Estate Investment Trust |
S.A. | - Société Anonyme |
(a) | All or a portion of security segregated as collateral for short sales. |
(b) | Non-income producing security. |
(c) | Affiliated investment. |
(d) | The value of this security has been determined in good faith under policies of the Board of Trustees. |
EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
Forward Currency Contracts | ||||||||||||||||||||
Unrealized | ||||||||||||||||||||
Units to Receive/Deliver | In Exchange For | Counterparty | Settlement Date | US Dollar Value | Appreciation/ (Depreciation) | |||||||||||||||
To Sell: | ||||||||||||||||||||
$ | (4,026 | ) | GBP | $ | (5,095 | ) | USD | Brown Brothers Harriman | 6/1/2022 | $ | (5,074 | ) | $ | 21 | ||||||
Total Unrealized: | $ | 21 |
Currency Abbreviations:
GBP - British Pound
USD - U.S. Dollar
EASTERLY HEDGED EQUITY FUND |
SCHEDULE OF INVESTMENTS (Unaudited) |
May 31, 2022 |
Shares | Fair Value | |||||||||||||||||||
EXCHANGE-TRADED FUNDS — 86.8% | ||||||||||||||||||||
EQUITY - 86.8% | ||||||||||||||||||||
120,000 | SPDR S&P 500 ETF Trust | $ | 49,551,600 | |||||||||||||||||
TOTAL EXCHANGE-TRADED FUNDS (Cost $42,660,897) | 49,551,600 | |||||||||||||||||||
Contracts(a) | Counterparty | Expiration Date | Exercise Price | Notional Value | ||||||||||||||||
INDEX OPTIONS PURCHASED - 2.3% | ||||||||||||||||||||
PUT OPTIONS PURCHASED - 2.3% | ||||||||||||||||||||
125 | S&P 500 Index | PER | 06/17/2022 | $ | 4,000 | $ | 51,651,875 | $ | 553,125 | |||||||||||
130 | S&P 500 Index | PER | 06/30/2022 | 4,000 | 53,717,950 | 865,150 | ||||||||||||||
TOTAL PUT OPTIONS PURCHASED (Cost - $2,762,140) | 1,418,275 | |||||||||||||||||||
TOTAL INVESTMENTS - 89.1% (Cost $45,423,037) | $ | 50,969,875 | ||||||||||||||||||
CALL OPTIONS WRITTEN - (1.0)% (Proceeds - $533,832) | (577,520 | ) | ||||||||||||||||||
PUT OPTIONS WRITTEN - (0.5)% (Proceeds - $653,480) | (376,075 | ) | ||||||||||||||||||
OTHER ASSETS IN EXCESS OF LIABILITIES- 12.4% | 7,051,580 | |||||||||||||||||||
NET ASSETS - 100.0% | $ | 57,067,860 | ||||||||||||||||||
Counterparty | Expiration Date | Exercise Price | Notional Value | |||||||||||||||||
WRITTEN EQUITY OPTIONS - (1.0)% | ||||||||||||||||||||
CALL OPTIONS WRITTEN - (1.0)% | ||||||||||||||||||||
200 | SPDR S&P 500 ETF Trust | PER | 06/10/2022 | $ | 400 | $ | 8,258,600 | $ | 307,600 | |||||||||||
70 | SPDR S&P 500 ETF Trust | PER | 06/10/2022 | 415 | 2,890,510 | 38,920 | ||||||||||||||
1,000 | SPDR S&P 500 ETF Trust | PER | 06/30/2022 | 435 | 41,293,000 | 231,000 | ||||||||||||||
TOTAL CALL OPTIONS WRITTEN (Proceeds - $533,832) | 577,520 | |||||||||||||||||||
Counterparty | Expiration Date | Exercise Price | Notional Value | |||||||||||||||||
WRITTEN INDEX OPTIONS - (0.5)% | ||||||||||||||||||||
PUT OPTIONS WRITTEN- (0.5)% | ||||||||||||||||||||
35 | S&P 500 Index | PER | 06/17/2022 | $ | 3,710 | $ | 14,462,525 | $ | 25,375 | |||||||||||
90 | S&P 500 Index | PER | 06/17/2022 | 3,750 | 37,189,350 | 84,600 | ||||||||||||||
15 | S&P 500 Index | PER | 06/30/2022 | 3,625 | 6,198,225 | 17,700 | ||||||||||||||
115 | S&P 500 Index | PER | 06/30/2022 | 3,750 | 47,519,725 | 248,400 | ||||||||||||||
TOTAL PUT OPTIONS WRITTEN (Proceeds - $653,479) | 376,075 |
ETF | - Exchange-Traded Fund |
SPDR | - Standard & Poor’s Depositary Receipt |
PER | - Pershing |
(a) | Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security. |
EASTERLY HEDGED EQUITY FUND |
SCHEDULE OF INVESTMENTS (Unaudited) (Continued) |
May 31, 2022 |
TOTAL RETURN SWAPS - (4.5) % | ||||||||||||||||||||
Notional Amount | Description and Payment Frequency | Shares | Counterparty | Expiration Date | Pay/Receive Fixed Rate | Variable Rate (%) | Unrealized Gain/(Loss) | |||||||||||||
$ | 21,966,860 | Monthly - SPDR SP 500 ETF Trust | 47,000 | Goldman Sachs | 12/09/2022 | Pay | 0.8300 | $ | (2,559,150 | ) |
* | Variable rate is Federal Funds Rate plus 0.55% |