NPORT-EX 2 fp0063657_nportex.htm PART F
ABS Long/Short Strategies Fund   
SCHEDULE OF INVESTMENTS   
As of January 31, 2021 (Unaudited)   
                 
   Original             
   Acquisition         Redemptions  Redemption
   Date  Cost   Fair Value  Permitted  Notice Period
INVESTMENTS IN PORTFOLIO FUNDS*a ‒ 94.2%                   
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%                   
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%                   
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)                   
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       

 

*All Portfolio Funds are non-income producing securities.
aPortfolio 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, 2021 was $133,311,137 and $175,198,002 respectively.
bReflects original acquisition date of the investment transferred from the Predecessor Fund (Note 1).
cThe 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.
dThe 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.
eThe 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.
fWithdrawals from this Portfolio Fund are permitted after a one-year lockup period from the date of the initial investment.
gThe 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.
hThe 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.