| ABS Long/Short Strategies Fund | |
|
| SCHEDULE OF INVESTMENTS | |
|
| As of January 31, 2021 (Unaudited) | |
|
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Original | |
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Acquisition | |
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Redemptions | |
Redemption |
| | |
Date | |
Cost | | |
Fair Value | |
Permitted | |
Notice Period |
| INVESTMENTS IN PORTFOLIO FUNDS*a ‒ 94.2% | |
| |
| | | |
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| | |
|
| ASIAN EQUITY LONG/SHORT ‒ 6.8% | |
| |
| | | |
| | |
| | |
|
| Kylin Offshore Fund Ltd. | |
2/1/2012 b | |
$ | 52,126 | | |
$ | 51,900 | |
| Quarterly | |
60 Days |
| Pleiad Asia Equity Offshore Feeder Fund | |
11/1/2020 | |
| 3,500,000 | | |
| 4,247,491 | |
| Quarterly | |
60 Days d |
| Pleiad Asia Offshore Feeder Fund | |
10/1/2014 b | |
| 5,850,714 | | |
| 8,333,616 | |
| Quarterly | |
60 Days c,d |
| | |
| |
| 9,402,840 | | |
| 12,633,007 | |
| | |
|
| CHINA EQUITY LONG/SHORT ‒ 5.3% | |
| |
| | | |
| | |
| | |
|
| IvyRock China Focus Feeder Fund - Class C | |
4/1/2019 | |
| 4,335,926 | | |
| 9,937,446 | |
| Monthly | |
30 Days e |
| | |
| |
| | | |
| | |
| | |
|
| COMMODITY RELATED EQUITY ‒ 4.2% | |
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| | | |
| | |
| | |
|
| Lansdowne Energy Dynamics Fund Limited Class D | |
4/1/2018 | |
| 6,057,485 | | |
| 7,807,180 | |
| Monthly | |
90 Days c |
| | |
| |
| | | |
| | |
| | |
|
| EUROPEAN EQUITY LONG/SHORT ‒ 5.2% | |
| |
| | | |
| | |
| | |
|
| Engadine Equity Fund - Institutional E | |
7/1/2017 | |
| 4,583,705 | | |
| 4,567,283 | |
| Quarterly | |
45 Days |
| Rye Bay European Fund Ltd. - Class A | |
7/1/2017 | |
| 4,453,192 | | |
| 5,059,947 | |
| Quarterly | |
65 Days |
| | |
| |
| 9,036,897 | | |
| 9,627,230 | |
| | |
|
| FINANCIAL EQUITY LONG/SHORT ‒ 4.0% | |
| |
| | | |
| | |
| | |
|
| Azora Offshore Fund, Ltd. | |
5/1/2018 | |
| 5,721,540 | | |
| 7,541,241 | |
| Quarterly | |
45 Days |
| | |
| |
| 5,721,540 | | |
| 7,541,241 | |
| | |
|
| GLOBAL EQUITY LONG/SHORT ‒ 17.7% | |
| |
| | | |
| | |
| | |
|
| 140 Summer Partners Offshore Ltd. | |
7/1/2020 | |
| 4,000,000 | | |
| 4,562,544 | |
| Quarterly | |
60 Days d |
| One01 Capital Partners, Ltd. | |
5/1/2020 | |
| 6,500,000 | | |
| 9,367,912 | |
| Quarterly | |
45 Days f |
| Riposte Global Opportunity Fund, L.P. Founders 2 | |
2/1/2016 | |
| 3,533,381 | | |
| 5,091,284 | |
| Quarterly | |
30 Days |
| Saya Offshore Fund Ltd. - Class B | |
8/1/2017 | |
| 3,260,675 | | |
| 3,691,442 | |
| Quarterly | |
45 Days |
| TPG Public Equity Partners-B, Ltd. | |
1/1/2016 | |
| 9,194,398 | | |
| 10,269,292 | |
| Quarterly | |
60 Days d |
| | |
| |
| 26,488,454 | | |
| 32,982,474 | |
| | |
|
| HEALTH CARE EQUITY LONG/SHORT ‒ 11.3% | |
| |
| | | |
| | |
| | |
|
| Averill Fund, Ltd. | |
11/1/2020 | |
| 4,000,000 | | |
| 3,506,822 | |
| Quarterly | |
60 Days d |
| Camber Capital Fund, L.P. | |
1/1/2016 | |
| 4,541,457 | | |
| 6,647,087 | |
| Quarterly | |
90 Days c |
| Iron Triangle Offshore Fund Ltd. | |
9/1/2020 | |
| 4,000,000 | | |
| 4,257,342 | |
| Quarterly | |
60 Days |
| Logos Global Offshore Fund Ltd. | |
9/1/2019 | |
| 4,400,000 | | |
| 6,443,237 | |
| Quarterly | |
60 Days |
| | |
| |
| 16,941,457 | | |
| 20,854,488 | |
| | |
|
| LATIN AMERICA ‒ 4.2% | |
| |
| | | |
| | |
| | |
|
| Sagil Latin American Opportunities Fund - Class B | |
4/1/2017 | |
| 6,250,000 | | |
| 7,833,467 | |
| Monthly | |
90 Days |
| | |
| |
| | | |
| | |
| | |
|
| REAL ESTATE LONG/SHORT ‒ 1.1% | |
| |
| | | |
| | |
| | |
|
| Long Pond Offshore, Ltd. | |
6/1/2011 b | |
| 1,793,761 | | |
| 2,006,193 | |
| Quarterly | |
60 Days |
| | |
| |
| | | |
| | |
| | |
|
| TMT EQUITY LONG/SHORT ‒ 21.1% | |
| |
| | | |
| | |
| | |
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| Altimeter Offshore Ltd. - Class A1 | |
11/1/2013 b | |
| 3,356,611 | | |
| 5,495,116 | |
| Semi-Annually | |
60 Days |
| Atreides Foundation Fund, L.P. | |
12/1/2020 | |
| 5,000,000 | | |
| 5,177,999 | |
| Quarterly | |
60 Days g,h |
| Seligman Tech Spectrum Fund L.L.C. | |
1/1/2016 | |
| 5,321,632 | | |
| 7,312,364 | |
| Monthly | |
30 Days |
| SoMa Offshore, Ltd. Class A Founders | |
1/1/2017 | |
| 6,930,066 | | |
| 13,632,549 | |
| Quarterly | |
60 Days |
| Toronado Offshore Fund, Ltd. - Class A | |
8/1/2018 | |
| 6,200,000 | | |
| 7,633,161 | |
| Quarterly | |
45 Days g,h |
| | |
| |
| 26,808,309 | | |
| 39,251,189 | |
| | |
|
| ABS Long/Short Strategies Fund | |
|
| SCHEDULE OF INVESTMENTS ‒ Continued | |
|
| As of January 31, 2021 (Unaudited) | |
|
| | |
| |
| | |
| |
| |
|
| | |
Original | |
| | |
| |
| |
|
| | |
Acquisition | |
| | |
| |
Redemptions | |
Redemption |
| | |
Date | |
Cost | | |
Fair Value | |
Permitted | |
Notice Period |
| INVESTMENTS IN PORTFOLIO FUNDS (Continued) | |
| |
| | | |
| | |
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|
| U.S. EQUITY LONG/SHORT ‒ 10.5% | |
| |
| | | |
| | |
| | |
|
| Antero Peak Long/Short Offshore Fund Ltd. | |
1/1/2019 | |
$ | 10,910,605 | | |
$ | 13,711,180 | |
| Quarterly | |
30 Days |
| StackLine Partners Offshore Fund, Ltd. - Class F | |
5/1/2018 | |
| 4,563,863 | | |
| 5,793,268 | |
| Quarterly | |
60 Days d |
| | |
| |
| 15,474,468 | | |
| 19,504,448 | |
| | |
|
| U.S. SMALL CAP ‒ 2.8% | |
| |
| | | |
| | |
| | |
|
| Medina Singh Investment Partners, L.P. | |
8/1/2020 | |
| 5,000,000 | | |
| 5,219,639 | |
| Quarterly | |
30 Days |
| | |
| |
| 5,000,000 | | |
| 5,219,639 | |
| | |
|
| | |
| |
| | | |
| | |
| | |
|
| TOTAL INVESTMENTS IN PORTFOLIO FUNDS ‒ 94.2% | |
| |
| 133,311,137 | | |
| 175,198,002 | |
| | |
|
| | |
| |
| | | |
| | |
| | |
|
| TOTAL INVESTMENTS ‒ 94.2% | |
| |
| 133,311,137 | | |
| 175,198,002 | |
| | |
|
| | |
| |
| | | |
| | |
| | |
|
| Other Assets in Excess of Liabilities ‒ 5.8% | |
| |
| | | |
| 10,746,523 | |
| | |
|
| SHAREHOLDERS' CAPITAL ‒ 100.0% | |
| |
| | | |
$ | 185,944,525 | |
| | |
|