0001145549-23-042460.txt : 20230714
0001145549-23-042460.hdr.sgml : 20230714
20230714104521
ACCESSION NUMBER: 0001145549-23-042460
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230430
FILED AS OF DATE: 20230714
DATE AS OF CHANGE: 20230714
EFFECTIVENESS DATE: 20230714
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: Variant Impact Fund
CENTRAL INDEX KEY: 0001881739
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FISCAL YEAR END: 0430
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-23741
FILM NUMBER: 231088312
BUSINESS ADDRESS:
STREET 1: C/O UMB FUND SERVICES, INC.
STREET 2: 235 WEST GALENA STREET
CITY: MILWAUKEE
STATE: WI
ZIP: 53212
BUSINESS PHONE: 414-299-2200
MAIL ADDRESS:
STREET 1: C/O UMB FUND SERVICES, INC.
STREET 2: 235 WEST GALENA STREET
CITY: MILWAUKEE
STATE: WI
ZIP: 53212
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001881739
XXXXXXXX
true
false
false
N-2
VARIANT IMPACT FUND
811-23741
0001881739
549300KSEZ2Y7CT74A16
235 WEST GALENA STREET
MILWAUKEE
532123948
US-WI
US
4142992000
UMB FUND SERVICES, INC.
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
FUND ACCOUNTANT AND ADMINISTRATOR
VARIANT INVESTMENTS LLC
10300 SW GREENBURG ROAD, SUITE 308
PORTLAND
97223
5035630700
ADVISOR
FAEGRE DRINKER BIDDLE & REATH LLP
ONE LOGAN SQUARE, STE 2000
PHILADELPHIA
19103
2159882700
LEGAL COUNSEL
UMB BANK, N.A.
928 GRAND BOULEVARD, 5TH FLOOR
KANSAS CITY
64106
8168601142
CUSTODIAN
Foreside Fund Services, LLC
Three Canal Plaza, Suite 100
PORTLAND
04101
8662516920
DISTRIBUTOR
N
N
N-2
Y
Terrance P. Gallagher
N/A
Y
Gary Shugrue
N/A
N
Robert Seyferth
N/A
N
David G. Lee
N/A
N
Bernadette Murphy
N/A
223 Wilmington W Chester Pike
Suite 216
Chadds Ford
19317
XXXXXX
N
N
N
N
N
N
FORESIDE FUND SERVICES, LLC
8-51293
000046106
N/A
N
N
COHEN & COMPANY, LTD
00925
N/A
N
N
N
N
N
N
VARIANT IMPACT FUND
549300KSEZ2Y7CT74A16
N
Interval Fund
Y
N
Y
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
Rule 18f-4 (17 CFR 270.18f-4)
Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4))
Rule 18f-4(e) (17 CFR 270.18f-4(e))
Y
Y
Y
N
VARIANT INVESTMENTS LLC
812-14922
N/A
N/A
N
UMB FUND SERVICES, INC.
084-05792
N/A
N
N
N
INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
N
UMB BANK, NATIONAL ASSOCIATION
VNOO6EITDJ2YUEBMSZ83
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
0.000000000000
0.000000000000
N
18118435.000000000000
Common stock
INSTITUTIONAL CLASS
N
N
Common stock
N
N
N
1.250000000000
1.750000000000
N/A
26.940000000000
true
INTERNAL CONTROL RPT
2
vif_internalcontrolletter.txt
VIF 2023 INTERNAL CONTROL LETER
EPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees
of
Variant Impact Fund
In planning and performing our audit of the
financial statements of Variant Impact Fund
(the "Fund") as of and for the year ended
April 30, 2023, in accordance with the
standards of the Public Company
Accounting Oversight Board (United States)
(PCAOB), we considered the Fund's internal
control over financial reporting, including
controls over safeguarding securities, as a
basis for designing our auditing procedures
for the purpose of expressing our opinion
on the financial statements and to comply
with the requirements of Form N-CEN, but
not for the purpose of expressing an
opinion on the effectiveness of the Fund's
internal control over financial reporting.
Accordingly, we express no such opinion.
The management of the Fund is responsible
for establishing and maintaining effective
internal control over financial reporting. In
fulfilling this responsibility, estimates and
judgments by management are required to
assess the expected benefits and related
costs of controls. A fund's internal control
over financial reporting is a process
designed to provide reasonable assurance
regarding the reliability of financial
reporting and the preparation of financial
statements for external purposes in
accordance with generally accepted
accounting principles (GAAP). A fund's
internal control over financial reporting
includes those policies and procedures that
(1) pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the fund; (2)
provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of financial statements
in accordance with GAAP, and that receipts
and expenditures of the fund are being
made only in accordance with
authorizations of management and trustees
of the fund; and (3) provide reasonable
assurance regarding prevention or timely
detection of unauthorized acquisition, use
or disposition of a fund's assets that could
have a material effect on the financial
statements.
Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that controls may become
inadequate because of changes in
conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.
A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis. A material
weakness is a deficiency, or combination of
deficiencies, in internal control over
financial reporting, such that there is a
reasonable possibility that a material
misstatement of the Fund's annual or
interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Fund's internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be material weaknesses under
standards established by the PCAOB.
However, we noted no deficiencies in the
Fund's internal control over financial
reporting and its operation, including
controls over safeguarding securities, that
we consider to be a material weakness as
defined above as of April 30, 2023.
This report is intended solely for the
information and use of management and
the Board of Trustees of the Fund and the
Securities and Exchange Commission and is
not intended to be and should not be used
by anyone other than these specified
parties.
/s/ COHEN & COMPANY, LTD.
COHEN & COMPANY, LTD.
Chicago, Illinois
June 30, 2023