Monachil Credit Income Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)
As of March 31, 2023
Principal | ||||||||
Amount1 | Value | |||||||
FIXED INCOME SECURITIES - 38.00% | ||||||||
ASSET BACKED SECURITIES - 10.50% | ||||||||
259,014 | American Credit Acceptance Receivables Trust 2021-1 3,4 0.830%, 3/15/2027 | $ | 254,841 | |||||
125,000 | GM Financial Automobile Leasing Trust 2023-1 4 5.270%, 6/20/2025 | 124,870 | ||||||
367,674 | Oportun Issuance Trust 2022-3 3,4 7.451%, 1/8/2030 | 368,628 | ||||||
254,750 | Santander Drive Auto Receivable Trust 2022-4 4 4.050%, 7/15/2025 | 254,100 | ||||||
366,818 | Santander Drive Auto Receivable Trust 2021-1 4 0.750%, 2/17/2026 | 361,765 | ||||||
190,000 | Santander Drive Auto Receivable Trust 2020-1 4 5.350%, 3/15/2028 | 189,446 | ||||||
231,441 | Toyota Auto Receivables 2022-B Owner Trust 4 2.350%, 1/15/2025 | 229,399 | ||||||
400,000 | Upstart Securitization Trust 2021-3 3,4 1.660%, 7/20/2031 | 380,655 | ||||||
2,163,704 | ||||||||
LUXEMBOURG - 14.44% | ||||||||
2,800,000 | AAFS Securitisation SA 15.00%, 9/26/2025 | 2,975,816 | ||||||
RECEIVABLE CLAIMS PORTFOLIO - 13.06% | ||||||||
3,976 | Pool of Trade Receivables Purchase Deed No. 62 3/20/2023 | 3,212 | ||||||
5,430 | Pool of Trade Receivables Purchase Deed No. 63 3/27/2023 | 4,386 | ||||||
2,750 | Pool of Trade Receivables Purchase Deed No. 66 4/10/2023 | 2,221 | ||||||
10,354 | Pool of Trade Receivables Purchase Deed No. 68 4/16/2023 | 8,364 | ||||||
131,775 | Pool of Trade Receivables Purchase Deed No. 69 3/18/2023 | 93,926 | ||||||
10,596 | Pool of Trade Receivables Purchase Deed No. 70 4/23/2023 | 8,559 | ||||||
6,842 | Pool of Trade Receivables Purchase Deed No. 71 4/14/2023 | 5,520 | ||||||
25,441 | Pool of Trade Receivables Purchase Deed No. 72 4/26/2023 | 18,968 |
Monachil Credit Income Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
As of March 31, 2023
62,408 | Pool of Trade Receivables Purchase Deed No. 73 4/30/2023 | 45,761 | ||||||
39,312 | Pool of Trade Receivables Purchase Deed No. 74 5/7/2023 | 29,960 | ||||||
24,097 | Pool of Trade Receivables Purchase Deed No. 75 4/11/2023 | 19,460 | ||||||
84,230 | Pool of Trade Receivables Purchase Deed No. 76 5/14/2023 | 67,950 | ||||||
42,504 | Pool of Trade Receivables Purchase Deed No. 77 5/10/2023 | 31,438 | ||||||
160,529 | Pool of Trade Receivables Purchase Deed No. 78 6/16/2023 | 121,957 | ||||||
51,425 | Pool of Trade Receivables Purchase Deed No. 79 6/22/2023 | 41,422 | ||||||
152,158 | Pool of Trade Receivables Purchase Deed No. 80 6/24/2023 | 121,896 | ||||||
904,937 | Pool of Trade Receivables Purchase Deed No. 81 5/22/2023 | 693,098 | ||||||
177,742 | Pool of Trade Receivables Purchase Deed No. 82 6/28/2023 | 135,039 | ||||||
428,140 | Pool of Trade Receivables Purchase Deed No. 83 7/5/2023 | 316,678 | ||||||
258,117 | Pool of Trade Receivables Purchase Deed No. 84 6/11/2023 | 197,376 | ||||||
264,982 | Pool of Trade Receivables Purchase Deed No. 85 7/11/2023 | 207,042 | ||||||
170,956 | Pool of Trade Receivables Purchase Deed No. 86 6/18/2023 | 137,675 | ||||||
52,857 | Pool of Trade Receivables Purchase Deed No. 87 6/22/2023 | 42,461 | ||||||
184,186 | Pool of Trade Receivables Purchase Deed No. 88 6/25/2023 | 141,695 | ||||||
245,764 | Pool of Trade Receivables Purchase Deed No. 89 6/25/2023 | 195,404 | ||||||
2,691,468 | ||||||||
TOTAL FIXED INCOME SECURITIES | ||||||||
(Cost $8,157,925) | 7,830,988 |
Monachil Credit Income Fund
CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)
As of March 31, 2023
U.S. GOVERNMENT - 62.37% | ||||||||
U.S. TREASURY BILL - 62.37% | ||||||||
2,000,000 | 3.460%, 4/11/2023 | 1,997,976 | ||||||
3,000,000 | 3.876%, 4/18/2023 | 2,994,312 | ||||||
900,000 | 3.926%, 4/20/2023 | 898,012 | ||||||
1,600,000 | 4.253%, 4/25/2023 | 1,595,536 | ||||||
2,000,000 | 4.355%, 5/16/2023 | 1,989,036 | ||||||
3,000,000 | 4.151%, 5/23/2023 | 2,980,824 | ||||||
400,000 | 2.795%, 6/15/2023 | 396,243 | ||||||
TOTAL U.S. GOVERNMENT | ||||||||
(Cost $12,854,983) | 12,851,939 | |||||||
TOTAL INVESTMENTS - 100.37% | ||||||||
(Cost $21,012,908) | 20,682,927 | |||||||
Liabilities in Excess of Other Assets - (0.37)% 2 | (75,939 | ) | ||||||
TOTAL MEMBER'S EQUITY - 100.00% | $ | 20,606,988 |
1 | Local Currency |
2 | Includes Cash, Cash equivalents, Unrealized appreciation on forward foreign currency exchange contracts, Dividends and interest, and Total liabilities. |
3 | Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $1,004,124, which represents 4.87% of the total net assets of the Fund. |
4 | Callable |
Monachil Credit Income Fund | |||||||
CONSOLIDATED SCHEDULE OF INVESTMENTS - (Continued) (Unaudited) | |||||||
As of March 31, 2023 |
FORWARD FOREIGN CURRENCY CONTRACTS
Currency | Unrealized | |||||||||||||||||||||
Currency | Settlement | Amount | Value at | Appreciation | ||||||||||||||||||
Sale Contracts | Counterparty | Exchange | Date | Sold | Notional Value | March 31, 2023 | (Depreciation) | |||||||||||||||
Euro | Alpha FX | EUR per USD | April 10, 2023 | (100,000 | ) | $ | (107,260 | ) | $ | (108,515 | ) | $ | (1,255 | ) | ||||||||
Euro | Alpha FX | EUR per USD | April 28, 2023 | (100,000 | ) | (105,630 | ) | (108,620 | ) | (2,990 | ) | |||||||||||
Euro | Alpha FX | EUR per USD | April 28, 2023 | (100,000 | ) | (106,890 | ) | (108,620 | ) | (1,730 | ) | |||||||||||
Euro | Alpha FX | EUR per USD | May 6, 2023 | (4,580,000 | ) | (5,003,192 | ) | (4,977,417 | ) | 25,775 | ||||||||||||
Euro | Alpha FX | EUR per USD | May 22, 2023 | (100,000 | ) | (106,060 | ) | (108,779 | ) | (2,719 | ) | |||||||||||
Euro | Alpha FX | EUR per USD | May 31, 2023 | (100,000 | ) | (108,500 | ) | (108,829 | ) | (329 | ) | |||||||||||
$ | (5,537,532 | ) | $ | (5,520,780 | ) | $ | 16,752 |
EUR - Euro
See accompanying Notes to Financial Statements.