Monachil Credit Income Fund NPORT-P Monachil Credit Income Fund (Mar 2024 report)

Monachil Credit Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - (Unaudited)

As of March 31, 2024

Principal
Amount1			Value
	AUTO - 10.68%
2,900,300	Series 2023-2 Asset-Specific Trust Interest of INNOVATE MASTER TRUST 4
	17.500%, 11/7/2036	$	1,847,529
470,867	Capsource Venture Investments III, LLC
	14.000%, 3/21/2034		369,651
	TOTAL AUTO
	(Cost $2,215,023)		2,217,180
	COLLATERALIZED LOAN OBLIGATION - 23.63%
250,000	Barrow Hanley CLO II Ltd. 4,5
	8.839% (3-Month Term SOFR+350 basis points), 10/20/2035		252,051
500,000	Barrow Hanley CLO II Ltd. 4,5
	11.089% (3-Month Term SOFR+575 basis points), 10/20/2035		509,580
250,000	Barrow Hanley CLO II Ltd. 4,5
	13.709% (3-Month Term SOFR+837 basis points), 10/20/2035		254,197
250,000	BCC Middle Market CLO 2023-1, LLC 3,4,5
	9.216% (3-Month Term SOFR+380 basis points), 7/20/2035		254,563
250,000	BCC Middle Market CLO 2023-1, LLC 3,4,5
	9.966% (3-Month Term SOFR+455 basis points), 7/20/2035		252,179
250,000	BCC Middle Market CLO 2023-1, LLC 3,4,5
	12.066% (3-Month Term SOFR+665 basis points), 7/20/2035		251,579
250,000	BCC Middle Market CLO 2023-1, LLC 3,4,5
	15.256% (3-Month Term SOFR+984 basis points), 7/20/2035		249,035
250,000	Birch Grove CLO 6 Ltd. 4,5
	11.148% (3-Month Term SOFR+583 basis points), 7/20/2035		252,620
250,000	Canyon Capital CLO 2023-1 Ltd. 4,5
	8.410% (3-Month Term SOFR+300 basis points), 10/15/2036		251,402
250,000	Canyon Capital CLO 2023-1 Ltd. 4,5
	10.410% (3-Month Term SOFR+500 basis points), 10/15/2036		254,189
250,000	Canyon Capital CLO 2023-1 Ltd. 4,5
	13.390% (3-Month Term SOFR+798 basis points), 10/15/2036		254,334
250,000	CIFC-LBC Middle Market CLO 2023-1, LLC 4,5
	9.618% (3-Month Term SOFR+430 basis points), 10/20/2035		252,307
500,000	CIFC-LBC Middle Market CLO 2023-1, LLC 4,5
	11.818% (3-Month Term SOFR+650 basis points), 10/20/2035		502,350
250,000	CIFC-LBC Middle Market CLO 2023-1, LLC 4,5
	14.618% (3-Month Term SOFR+930 basis points), 10/20/2035		251,329
250,000	Dryden 107 CLO Ltd. 4,5
	8.307% (3-Month Term SOFR+300 basis points), 8/15/2035		252,126
250,000	Dryden 107 CLO Ltd. 4,5
	10.457% (3-Month Term SOFR+515 basis points), 8/15/2035		253,549
250,000	Fortress Credit BSL XIX Ltd. 4,5
	11.589% (3-Month Term SOFR+627 basis points), 7/24/2036		253,306
100,000	SCF Equipment Leasing 2023-1 3,4
	7.000%, 8/22/2033		102,247
	TOTAL COLLATERALIZED LOAN OBLIGATION
	(Cost $4,824,438)		4,902,943

Monachil Credit Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

As of March 31, 2024

Principal
Amount1			Value
	CONSUMER ABS - 34.02%
100,000	Aligned Data Centers Issuer, LLC 3,4
	6.000%, 8/17/2048	$	100,197
99,509	Auxilior Term Funding 2023-1 LLC 3,4
	5.864%, 11/15/2024		99,537
200,000	Auxilior Term Funding 2023-1 LLC 3,4
	6.180%, 12/15/2028		201,206
200,000	Auxilior Term Funding 2023-1 LLC 3,4
	10.970%, 12/15/2032		201,268
157,749	Bank of America Auto Trust 2023-1 3,4
	5.830%, 5/15/2026		157,918
500,000	Blackrock MT Hood CLO X, LLC 3,4,5
	11.878% (3-Month Term SOFR+656 basis points), 4/20/2035		503,856
68,413	BMW Vehicle Owner Trust 2020-A 4
	0.620%, 4/26/2027		68,150
250,000	Carlyle US CLO 2023-2 Ltd. 4,5
	10.318% (3-Month Term SOFR+500 basis points), 7/20/2036		255,937
325,000	CarMax Auto Owner Trust 2021-2 4
	0.810%, 12/15/2026		310,138
148,758	Carvana Auto Receivables Trust 2021-P1 3,4
	0.860%, 1/11/2027		144,128
100,000	Carvana Auto Receivables Trust 2023-P4 3,4
	6.550%, 12/10/2029		102,789
69,494	Carvana Auto Receivables Trust 2023-P5 3,4
	5.637%, 1/10/2025		69,499
100,000	Carvana Auto Receivables Trust 2023-P5 3,4
	5.770%, 4/12/2027		100,041
200,000	Carvana Auto Receivables Trust 2024-P1 3,4
	5.500%, 8/10/2027		199,984
100,000	Carvana Auto Receivables Trust 2024-P1 3,4
	5.570%, 7/10/2030		99,734
100,000	Carvana Auto Receivables Trust 2024-P1 3,4
	6.250%, 3/10/2031		99,650
250,000	CFG Investments Ltd. 4
	8.560%, 7/25/2034		250,077
250,000	CNH Equipmet Trust 2023-B 4
	5.900%, 2/16/2027		250,624
100,000	CP EF Asset Securitization II LLC 4
	7.560%, 3/15/2033		93,931
185,066	DLLAA 2023-1, LLC 4
	5.930%, 7/20/2026		185,461
302,441	DT Auto Owner Trust 2023-3 3, 4
	6.290%, 8/16/2027		303,373
31,063	Enterprise Fleet Financing 2021-2 LLC 3,4
	0.480%, 5/20/2027		30,552
60,859	Enterprise Fleet Financing 2021-3 LLC 3,4
	0.770%, 8/20/2027		59,814

Monachil Credit Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

As of March 31, 2024

Principal
Amount1			Value
	CONSUMER ABS - 34.02% (continued)
35,000	Ford Credit Auto Lease Trust 2022-A 4
	3.370%, 7/15/2025	$	34,837
500,000	Foundation Finance Trust 2023-1 4
	9.180%, 12/15/2043		504,984
152,181	GLS Auto Receivables Issuer Trust 2023-2 4
	5.700%, 1/15/2027		151,917
100,000	GLS Auto Receivables Issuer Trust 2023-2 4
	5.520%, 11/15/2027		99,705
100,000	GLS Auto Receivables Issuer Trust 2023-2 4
	5.690%, 3/15/2029		99,852
100,000	GLS Auto Receivables Issuer Trust 2023-2 4
	6.310%, 3/15/2029		100,984
43,644	GM Financial Automobile Leasing Trust 2023-1 4
	5.270%, 6/20/2025		43,617
78,869	GM Financial Consumer Automobile Leasing Trust 2021-4 4
	0.680%, 9/16/2026		76,599
100,000	Goodleap Sustainable Home Solutions Trust 2023-4 4
	7.970%, 3/20/2057		99,894
500,000	Lendmark Funding Trust 2023-1 4
	8.690%, 5/20/2033		517,505
250,000	Man US CLO 2023-1 Ltd. 3,4,5
	9.318% (3-Month Term SOFR+400 basis points), 7/20/2035		255,728
250,000	Man US CLO 2023-1 Ltd. 3,4,5
	11.168% (3-Month Term SOFR+585 basis points), 7/20/2035		252,416
112,500	New Mountain Guardian IV Rated Feeder I Ltd. 3,4,5
	9.822% (3-Month Term SOFR+450 basis points), 8/15/2036		112,500
100,000	OneMan Financial Issuance Trust 2023-2 4
	7.520%, 9/15/2036		102,783
33,882	Oportun Issuance Trust 2022-3 3,4
	7.451%, 1/8/2030		33,917
165,891	Santander Drive Auto Receivable Trust 2020-1 4
	5.350%, 3/15/2028		165,770
108,181	Upstart Securitization Trust 2021-3 3,4
	1.660%, 7/20/2031		107,625
158,862	Upstart Securitization Trust 2023-2 4
	6.770%, 6/20/2033		159,197
250,000	Upstart Securitization Trust 2023-2 4
	7.920%, 6/20/2033		253,017
	TOTAL CONSUMER ABS
	(Cost $6,984,286)		7,060,711

Monachil Credit Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

As of March 31, 2024

Principal
Amount1			Value
	CORPORATE BONDS - 2.80%
200,000	Ares Capital Corp. 4
	3.250%, 7/15/2025	$	193,287
100,000	Barings BDC, Inc. 4
	3.300%, 11/23/2026		91,509
100,000	Blackstone Private Credit Fund
	2.350%, 11/22/2024		97,688
200,000	Sixth Street Specialty Lending, Inc. 4
	3.875%, 11/1/2024		197,525
	TOTAL CORPORATE BONDS
	(Cost $576,283)		580,009
	OTHER - 4.61%
100,000	Frontier Issuer, LLC 4
	8.300%, 8/20/2053		101,921
201,684	Lunar Aircraft 2020-1 LTD 3,4
	3.376%, 2/15/2045		186,295
250,000	MetroNet Infrastructure Issuer LLC 4
	6.560%, 4/20/2053		254,057
250,000	MetroNet Infrastructure Issuer LLC 4
	8.010%, 4/20/2053		253,683
76,471	Mileage Plus Holdings LLC 4,5
	10.548%, (3-Month Term SOFR+ 525 basis points) 6/20/2027		78,843
79,381	SkyMiles IP Ltd. 4,5
	9.063% (1-Month Term SOFR+375 basis points), 9/16/2027		81,969
	TOTAL OTHER
	(Cost $932,619)		956,768
	U.S. TREASURY BILL - 22.39%
40,000	5.263%, 4/2/2024		39,994
4,280,000	5.277%, 4/4/2024		4,278,151
33,000	5.271%, 4/23/2024		328,939
	TOTAL U.S. TREASURY BILL		4,647,084
	(Cost $4,647,049)
	TOTAL INVESTMENTS - 98.13%
	(Cost $20,179,698)		20,364,695
	Other Assets in Excess of Liabilities - (1.87%) 2		387,278
	TOTAL NET ASSETS - 100.00%	$	20,751,973

1	Local Currency
2	Includes Cash, Cash equivalents, 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 $4,387,504, which represents 21.14% of the total net assets of the Fund.
4	Callable
5	Floating rate security, upon which the interest rate adjusts periodically based on changes in current interest rates and prepayments on the underlying pool of assets. Rate shown is the rate in effect as of period end.

Monachil Credit Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - (Unaudited)(Continued)

As of March 31, 2024

FUTURES CONTRACTS

												Unrealized
	Expiration		Number of			Notional			Value at			Appreciation
Short Contracts	Date		Contracts			Value			March 31, 2024			(Depreciation)
Equity Futures
CBOE IBOXX Ishares		April 2024			(5)		(767,120	)		(773,350	)		(6,230	)
CBOE IBOXX Ishares		June 2024			(5)		(778,240	)		(781,950	)		(3,710	)
Total Short Contracts							(1,545,360	)		(1,555,300	)		(9,940	)
TOTAL FUTURES CONTRACTS						$	(1,545,360	)	$	(1,555,300	)	$	(9,940	)