SKK Access Income Fund
SCHEDULE OF INVESTMENTS
September 30, 2024 (Unaudited)
| Principal Amount ($) | Security Description | Coupon Rate (%) | Fair Value | |||||||||
| PRIVATE FINANCING - 9.1% | ||||||||||||
| SPECIALTY FINANCE - 9.1% | ||||||||||||
| 11,205,184 AUD | Oceana Australian Fixed Income Trust, Class B Notes - 9/27/2028 (a)(b) | 12.25 | $ | 7,773,599 | ||||||||
| TOTAL PRIVATE FINANCING - (Cost $7,514,276) | 7,773,599 | |||||||||||
| Units | ||||||||||||
| PRIVATE FUNDS - 87.8% | ||||||||||||
| SPECIALTY FINANCE - 87.8% | ||||||||||||
| 5,109,339 | BasePoint Income Solutions Evergreen Fund, L.P. (a) | 5,458,443 | ||||||||||
| 1,894,972 | Brevet Direct Lending - Short Duration Fund, L.P. (a) | 1,992,997 | ||||||||||
| 2,061,021 | Brevet Direct Lending - Short Duration Fund, L.P. (D.2 Class) (a)(c) | 2,518,591 | ||||||||||
| 2,143,389 | Brevet Direct Lending - Short Duration Fund, L.P. (K.1 Class) (a)(c) | 2,049,427 | ||||||||||
| 396,446 | Brevet Direct Lending - Short Duration Fund, L.P. (V, X, & S2 V.II) (a)(c) | 629,280 | ||||||||||
| 262,909 | Brevet Direct Lending - Short Duration Fund, L.P. (V.II, X, & S2 V.II) (a)(c) | 417,316 | ||||||||||
| 8,385,888 | CoVenture Credit Opportunities Partners Fund, L.P. (a) | 8,160,566 | ||||||||||
| 3,693,004 | Delgatto Diamond Finance Fund QP, L.P. (a) | 2,898,769 | ||||||||||
| 2,500,000 | Evolution Credit Partners Trade Finance, L.P. (a)(c) | 2,691,184 | ||||||||||
| 2,100,983 | Orthogon Partners III, L.P. (a)(c) | 1,737,988 | ||||||||||
| 10,938,439 | SKK-Highmore Trade and Specialty Finance Fund, L.P. (a)(c) | 11,562,813 | ||||||||||
| 3,000,000 | Sound Point Discovery Fund (a)(c) | 3,338,983 | ||||||||||
| 11,665,842 | SP Credit Fund, LP - Series C-AIF (a)(c) | 12,042,152 | ||||||||||
| 13,000,000 | Sundance Debt Partners, LLC (a) | 13,000,000 | ||||||||||
| 3,265,156 | VICOF II Feeder, L.P. (a)(c) | 4,143,424 | ||||||||||
| 2,416,130 | YieldPoint Stable Value Fund, L.P. - Founders Series B Interests (a) | 2,386,127 | ||||||||||
| 132,118 | YieldPoint Stable Value Fund, L.P. - SP-1 Series B1.5 (a)(c) | 130,646 | ||||||||||
| TOTAL PRIVATE FUNDS - (Cost $72,965,636) | 75,158,706 |
| Shares | ||||||||||||
| SHORT-TERM INVESTMENTS - 0.6% | ||||||||||||
| MONEY MARKET FUNDS - 0.6% | ||||||||||||
| 541,838 | Federated Hermes Treasury Obligations Fund, Institutional Class | 4.80 | (d) | 541,838 | ||||||||
| TOTAL SHORT-TERM INVESTMENTS - (Cost $541,838) | 541,838 | |||||||||||
| TOTAL INVESTMENTS - 97.5% - (Cost $81,021,750) | 83,474,143 | |||||||||||
| OTHER ASSETS IN EXCESS OF LIABILITIES - 2.5% | 2,126,730 | |||||||||||
| NET ASSETS - 100.0% | $ | 85,600,873 |
AUD - Australian Dollar
| (a) | Security exempt from registration under Rule 144A or Section 4(2) of the Securities Act of 1933. The security may be resold in transactions exempt from registration, normally to qualified institutional buyers. As of September 30, 2024, the total market value of 144A securities is $82,932,305 or 96.9% of net assets. |
| (b) | Value was determined using significant unobservable inputs. |
| (c) | Non-income producing security. |
| (d) | Rate disclosed is the seven day effective yield as of September 30, 2024. |
SKK Access Income Fund
SCHEDULE OF INVESTMENTS
September 30, 2024 (Unaudited) (Continued)
Additional information on restricted securities is as follows:
| Security | First Acquisition Date | Cost | ||||
| BasePoint Income Solutions Evergreen Fund, L.P. | 3/14/2023 | $ | 5,109,339 | |||
| Brevet Direct Lending - Short Duration Fund, L.P. | 3/14/2023 | 1,894,972 | ||||
| Brevet Direct Lending - Short Duration Fund, L.P. (D.2 Class) | 3/14/2023 | 2,061,021 | ||||
| Brevet Direct Lending - Short Duration Fund, L.P. (K.1 Class) | 3/14/2023 | 2,143,389 | ||||
| Brevet Direct Lending - Short Duration Fund, L.P. (V, X, & S2 V.II) | 9/27/2024 | 396,446 | ||||
| Brevet Direct Lending - Short Duration Fund, L.P. (V.II, X, & S2 V.II) | 9/27/2024 | 262,909 | ||||
| CoVenture Credit Opportunities Partners Fund, L.P. | 3/14/2023 | 8,385,888 | ||||
| Delgatto Diamond Finance Fund QP, L.P. | 3/14/2023 | 3,693,004 | ||||
| Evolution Credit Partners Trade Finance, L.P. | 1/1/2024 | 2,500,000 | ||||
| Orthogon Partners III, L.P. | 5/1/2023 | 2,100,983 | ||||
| SKK-Highmore Trade and Specialty Finance Fund, L.P. | 3/14/2023 | 10,938,439 | ||||
| Sound Point Discovery Fund | 4/3/2023 | 3,000,000 | ||||
| SP Credit Fund, LP - Series C-AIF | 2/14/2024 | 11,665,842 | ||||
| Sundance Debt Partners, LLC | 3/14/2023 | 13,000,000 | ||||
| VICOF II Feeder, L.P. | 6/18/2024 | 3,265,156 | ||||
| YieldPoint Stable Value Fund, L.P. - Founders Series B Interests | 3/14/2023 | 2,416,130 | ||||
| YieldPoint Stable Value Fund, L.P. - SP-1 Series B1.5 | 6/1/2024 | 132,118 | ||||
| $ | 72,965,636 | |||||
SKK Access Income Fund
SCHEDULE OF OPEN FUTURES CONTRACTS (Unaudited)
September 30, 2024
| Number of Contracts | Expiration Date | Notional Amount | Value & Unrealized Appreciation/ (Depreciation) | |||||||||||
| SALE CONTRACTS | ||||||||||||||
| Australian Dollar Futures - December 2024 (a) | (118 | ) | 12/18/2024 | $ | (7,870,600 | ) | $ | (300,310 | ) | |||||
| TOTAL SALES CONTRACTS | $ | (7,870,600 | ) | $ | (300,310 | ) | ||||||||
| TOTAL FUTURES CONTRACTS | $ | (7,870,600 | ) | $ | (300,310 | ) | ||||||||
| (a) | Chicago Mercantile Exchange (‘’CME’’) futures contracts settle on their respective maturity date. The unrealized appreciation on these contracts is a receivable for unsettled open futures contracts and the unrealized depreciation is a payable for unsettled open futures contracts. |
