NPORT-EX 2 princeton_nport.htm PRINCETON LONG/SHORT TREASURY FUND_NQ_9.30.2021

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PRINCETON LONG/SHORT TREASURY FUND
SCHEDULE OF INVESTMENTS (Unaudited)
September 30, 2021
 
Principal Amount ($)         Coupon Rate (%) Maturity Fair Value
    U.S. GOVERNMENT & AGENCIES — 58.5%      
    U.S. TREASURY BILLS — 58.5%      
4,000,000   United States Treasury Bill(a)   0.000 10/21/21 $ 3,999,830
4,000,000   United States Treasury Bill(a)   0.000 10/28/21   3,999,790
  TOTAL U.S. GOVERNMENT & AGENCIES (Cost $7,999,779)    

7,999,620

             
Shares             Fair Value
    SHORT-TERM INVESTMENT — 15.9%      
    MONEY MARKET FUND - 15.9%      
2,170,493   First American Government Obligations Fund, Class X, 0.03% (Cost $2,170,493)(b)      

  2,170,493

             
Contracts(c)              
    EQUITY OPTIONS PURCHASED - 25.5% Broker/Counterparty Expiration Date Exercise Price Notional Value Fair Value
    CALL OPTIONS PURCHASED - 25.5%      
5,718   Nomura Call Option(d) Nomura 02/21/2023 $ 0.0001 $ 4,947,082

$ 3,481,971

    TOTAL CALL OPTIONS PURCHASED (Cost - $4,947,082)  
         
    TOTAL INVESTMENTS - 99.9% (Cost $15,117,354)     $ 13,652,084
    OTHER ASSETS IN EXCESS OF LIABILITIES - 0.1%    

13,928

    NET ASSETS - 100.0%        

$ 13,666,012

           

 

 

 

 

 

 

 

 

(a) Zero coupon bond.
(b) Rate disclosed is the seven day effective yield as of September 30, 2021.

(c)

(d)

Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

The Nomura Call option provides Princeton Long/Short Treasury Fund with access to the performance of the Galaxy Plus Fund - ProfitScore Long/Short Feeder Fund (536) LLC ("GPPS"). GPPS effectuates its trading strategy through the Galaxy Plus Fund - ProfitScore Long/Short Master Fund (536) LLC ("GPPSM"). The trading strategy of GPPSM is a short quantative trading program that specializes in treasury futures. Nomura invests into the Feeder (GPPS) and then the Feeder invests in the Master (GPPSM).  GPPS charges a 2.0% management fee and 0% incentive fee. The redemption frequency is daily, with one business day's notice.

 

 

 

 

 

 

 

 
 

At September 30, 2021, GPPSM held the following underlying investment:

 

    FUTURES CONTRACT                
 Short                 Underlying Face     Unrealized  
Contracts   Open Short Futures Contracts   Counterparty    Expiration     Amount at Value    Gain
           (70)   US Ultra Bond Future   UBS Securities LLC   Sep-21    $           (13,498,477)    $                   10,352
    Total Unrealized Gain from Open Short Future Contracts                        10,352