ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS
As of January 31, 2023 (Unaudited)
Original Acquisition Date | Cost | Fair Value | Redemptions Permitted | Redemption Notice Period | ||||||||||||||
INVESTMENTS IN PORTFOLIO FUNDS*a ‒ 94.9% | ||||||||||||||||||
ASIA EQUITY LONG/SHORT ‒ 5.4% | ||||||||||||||||||
Pleiad Asia Equity Offshore Feeder Fund | 11/1/2020 | 4,000,000 | 4,024,035 | Quarterly | 60 Days d | |||||||||||||
Pleiad Asia Offshore Feeder Fund | 10/1/2014 b | 5,850,714 | 7,566,210 | Quarterly | 60 Days c,d,f | |||||||||||||
9,850,714 | 11,590,245 | |||||||||||||||||
CHINA EQUITY LONG/SHORT ‒ 4.4% | ||||||||||||||||||
IvyRock China Focus Feeder Fund - Class C | 4/1/2019 | 5,997,650 | 9,594,612 | Monthly | 30 Days e | |||||||||||||
COMMODITY RELATED EQUITY ‒ 6.8% | ||||||||||||||||||
Delbrook Resource Opportunities (Cayman) Fund, Ltd. | 1/1/2022 | 5,000,000 | 3,922,743 | Quarterly | 90 Days c,f | |||||||||||||
Energy Dynamics Fund Limited Class D | 4/1/2018 | 7,088,026 | 10,805,554 | Monthly | 90 Days c | |||||||||||||
Forest Avenue Offshore Fund, Ltd. | 10/1/2022 | 3,500,000 | 3,409,953 | Quarterly | 60 Days d | |||||||||||||
15,588,026 | 18,138,250 | |||||||||||||||||
FINANCIAL EQUITY LONG/SHORT ‒ 6.6% | ||||||||||||||||||
Azora Offshore Fund, Ltd. | 5/1/2018 | 7,721,540 | 10,830,342 | Quarterly | 45 Days | |||||||||||||
Rhino Small-Cap Financial Fund, L.P. | 1/1/2023 | 1,800,000 | 1,838,946 | Quarterly | 60 Days | |||||||||||||
Vetamer Capital Partners, L.P. | 2/1/2021 | 4,312,500 | 3,461,585 | Quarterly | 60 Days d | |||||||||||||
13,834,040 | 16,130,873 | |||||||||||||||||
GLOBAL EQUITY LONG/SHORT ‒ 15.5% | ||||||||||||||||||
140 Summer Partners Offshore, Ltd. | 7/1/2020 | 9,100,000 | 11,038,306 | Quarterly | 60 Days d | |||||||||||||
Riposte Global Opportunity Fund, L.P. Founders 2 | 2/1/2016 | 7,783,381 | 9,342,322 | Quarterly | 30 Days | |||||||||||||
TPG Public Equity Partners-B, Ltd. | 1/1/2016 | 8,086,719 | 11,163,382 | Quarterly | 60 Days d | |||||||||||||
24,970,100 | 31,544,010 | |||||||||||||||||
HEALTH CARE EQUITY LONG/SHORT ‒ 15.3% | ||||||||||||||||||
Averill Fund, Ltd. | 11/1/2020 | 5,000,000 | 6,753,299 | Quarterly | 60 Days d,f | |||||||||||||
BCM Scout International, Ltd. | 5/1/2022 | 4,500,000 | 5,120,463 | Quarterly | 45 Days d | |||||||||||||
Camber Capital Fund, L.P. | 1/1/2016 | 4,541,457 | 8,101,199 | Quarterly | 90 Days c | |||||||||||||
Iron Triangle Offshore Fund, Ltd. | 9/1/2020 | 7,000,000 | 7,616,963 | Quarterly | 60 Days f | |||||||||||||
Janus Henderson Biotech Innovation Fund, Ltd. | 2/1/2022 | 4,500,000 | 5,678,788 | Quarterly | 60 Days f | |||||||||||||
25,541,457 | 33,270,712 | |||||||||||||||||
LATIN AMERICA ‒ 5.5% | ||||||||||||||||||
Sagil Latin American Opportunities Fund - Class B | 4/1/2017 | 8,750,000 | 11,848,261 | Monthly | 90 Days | |||||||||||||
REAL ESTATE LONG/SHORT ‒ 3.3% | ||||||||||||||||||
Long Pond Offshore, Ltd. | 6/1/2011 b | 5,793,761 | 7,212,768 | Quarterly | 60 Days | |||||||||||||
TMT EQUITY LONG/SHORT ‒ 17.9% | ||||||||||||||||||
Atreides Foundation Fund, Ltd. | 12/1/2020 | 11,100,000 | 8,445,345 | Quarterly | 60 Days g,h | |||||||||||||
Seligman Tech Spectrum Fund L.L.C. | 1/1/2016 | 5,171,735 | 11,413,525 | Monthly | 30 Days | |||||||||||||
SoMa Offshore, Ltd. Class A Founders | 1/1/2017 | 6,346,879 | 7,667,286 | Quarterly | 60 Days | |||||||||||||
Toronado Offshore Fund, Ltd. - Class A | 8/1/2018 | 8,353,604 | 11,209,267 | Quarterly | 45 Days f,g,h | |||||||||||||
30,972,218 | 38,735,423 |
ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS ‒ Continued
As of January 31, 2023 (Unaudited)
Original Acquisition Date | Cost | Fair Value | Redemptions Permitted | Redemptions Notice Period | ||||||||||||||
INVESTMENTS IN PORTFOLIO FUNDS (Continued) | ||||||||||||||||||
U.S. EQUITY LONG/SHORT ‒ 6.7% | ||||||||||||||||||
Antero Peak Long/Short Offshore Fund, Ltd. | 1/1/2019 | 9,330,515 | 11,079,836 | Quarterly | 30 Days | |||||||||||||
U.S. SMALL CAP ‒ 7.5% | ||||||||||||||||||
Kent Lake Partners, L.P. | 9/1/2021 | 5,750,000 | 5,747,323 | Quarterly | 60 Days | |||||||||||||
Medina Singh Investment Partners, L.P. | 8/1/2020 | 8,100,000 | 10,407,642 | Quarterly | 30 Days f | |||||||||||||
13,850,000 | 16,154,965 | |||||||||||||||||
TOTAL INVESTMENTS IN PORTFOLIO FUNDS ‒ 94.9% | 164,478,481 | 205,299,955 | ||||||||||||||||
TOTAL INVESTMENTS ‒ 94.9% | 164,478,481 | 205,299,955 | ||||||||||||||||
Other Assets in Excess of Liabilities ‒ 5.1% | 11,078,179 | |||||||||||||||||
SHAREHOLDERS' CAPITAL ‒ 100.0% | $ | 216,378,134 |
* | All Portfolio Funds are non-income producing securities. |
a | Portfolio Funds are issued in private placement transactions and as such are restricted as to resale. |
The total cost and fair value of these restricted investments as of January 31, 2023 was $164,478,481 and $205,299,955 respectively. |
b | Reflects original acquisition date of the investment transferred from the Predecessor Fund (Note 1). |
c | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 10-25% of the fair value of the investment in the Portfolio Fund. |
d | The Portfolio Fund can institute a gate provision on redemptions at the investor level of 25% of the fair value of the investment in the Portfolio Fund per quarter. |
e | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 30% of the fair value of the investment in the Portfolio Fund. |
f | Withdrawals from this Portfolio Fund are permitted after a one-year lockup period from the date of the initial investment. |
g | The Portfolio Fund can institute a gate provision on redemptions at the investor level of 50% of the fair value of the investment in the Portfolio Fund per quarter. |
h | The Portfolio Fund can institute a gate provision on redemptions at the fund level of 50% of the fair value of the investment in the Portfolio Fund. |