ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS
As of July 31, 2022 (Unaudited)
                                       
                  Original                    
                  Acquisition                 Redemptions Redemption
                  Date     Cost     Fair Value     Permitted Notice Period
INVESTMENTS IN PORTFOLIO FUNDS*a ‒ 91.3%                        
ASIA EQUITY LONG/SHORT ‒ 5.1%                          
Pleiad Asia Equity Offshore Feeder Fund   11/1/2020     4,000,000     3,825,410     Quarterly 60 Days d
Pleiad Asia Offshore Feeder Fund     10/1/2014 b   5,850,714     7,157,617     Quarterly 60 Days c,d,f
                        9,850,714     10,983,027        
CHINA EQUITY LONG/SHORT ‒ 4.3%                          
IvyRock China Focus Feeder Fund - Class C   4/1/2019     6,335,926     9,317,610     Monthly 30 Days e
                                       
COMMODITY RELATED EQUITY ‒ 6.9%                          
Delbrook Resource Opportunities (Cayman) Fund Ltd. 1/1/2022     4,000,000     3,110,191     Quarterly 90 Days c,f
Energy Dynamics Fund Limited Class D   4/1/2018     8,057,485     11,740,642     Monthly 90 Days c
                        12,057,485     14,850,833        
FINANCIAL EQUITY LONG/SHORT ‒ 6.3%                        
Azora Offshore Fund, Ltd.       5/1/2018     7,721,540     10,024,988     Quarterly 45 Days
Vetamer Capital Partners, L.P.     2/1/2021     4,312,500     3,359,009     Quarterly 60 Days d
                        12,034,040     13,383,997        
GLOBAL EQUITY LONG/SHORT ‒ 17.7%                        
140 Summer Partners Offshore Ltd.     7/1/2020     8,600,000     9,446,115     Quarterly 60 Days d
One01 Capital Partners, Ltd.     5/1/2020     8,865,530     8,715,032     Quarterly 45 Days f
Riposte Global Opportunity Fund, L.P. Founders 2 2/1/2016     7,033,381     8,825,022     Quarterly 30 Days
TPG Public Equity Partners-B, Ltd.     1/1/2016     8,086,719     10,915,418     Quarterly 60 Days d
                        32,585,630     37,901,587        
HEALTH CARE EQUITY LONG/SHORT ‒ 14.6%                        
Averill Fund, Ltd.         11/1/2020     5,000,000     7,151,653     Quarterly 60 Days d,f
BCM Scout International Ltd.     5/1/2022     4,500,000     4,840,441     Quarterly 45 Days d
Camber Capital Fund, L.P.       1/1/2016     4,541,457     7,352,650     Quarterly 90 Days c
Iron Triangle Offshore Fund Ltd.     9/1/2020     7,000,000     7,900,951     Quarterly 60 Days f
Janus Henderson Biotech Innovation Fund Ltd.   2/1/2022     4,500,000     4,254,147     Quarterly 60 Days f
                        25,541,457     31,499,842        
LATIN AMERICA ‒ 4.9%                            
Sagil Latin American Opportunities Fund - Class B 4/1/2017     8,750,000     10,641,950     Monthly 90 Days
                                       
REAL ESTATE LONG/SHORT ‒ 1.2%                          
Long Pond Offshore, Ltd.       6/1/2011 b     1,793,761     2,536,156     Quarterly 60 Days
                                       
TMT EQUITY LONG/SHORT ‒ 17.9%                          
Altimeter Offshore Ltd. - Class A1     11/1/2013 b   3,356,611     2,251,519     Semi-Annually 60 Days
Atreides Foundation Fund, L.P.     12/1/2020     10,100,000     7,499,290     Quarterly 60 Days g,h
Seligman Tech Spectrum Fund L.L.C.     1/1/2016     5,171,735     11,604,635     Monthly 30 Days
SoMa Offshore, Ltd. Class A Founders     1/1/2017     6,346,879     7,318,608     Quarterly 60 Days
Toronado Offshore Fund, Ltd. - Class A   8/1/2018     6,853,604     9,873,700     Quarterly 45 Days f,g,h
                        31,828,829     38,547,752        

 

 

 

 

ABS Long/Short Strategies Fund
SCHEDULE OF INVESTMENTS ‒ Continued
As of July 31, 2022 (Unaudited)
                                       
                  Original                    
                  Acquisition                 Redemptions Redemption
                  Date     Cost     Fair Value     Permitted Notice Period
INVESTMENTS IN PORTFOLIO FUNDS (Continued)                      
U.S. EQUITY LONG/SHORT ‒ 6.0%                          
Antero Peak Long/Short Offshore Fund Ltd.   1/1/2019     10,183,009     12,856,641     Quarterly 30 Days
                        10,183,009     12,856,641        
                                       
U.S. SMALL CAP ‒ 6.4%                            
Kent Lake Partners, L.P.       9/1/2021     5,000,000     4,988,038     Quarterly 60 Days
Medina Singh Investment Partners, L.P.   8/1/2020     8,100,000     8,819,675     Quarterly 30 Days f
                        13,100,000     13,807,713        
                                       
TOTAL INVESTMENTS IN PORTFOLIO FUNDS ‒ 91.3%       164,060,851     196,327,108        
                                       
TOTAL INVESTMENTS ‒ 91.3%           164,060,851     196,327,108        
                                       
Other Assets in Excess of Liabilities ‒ 8.7%               18,818,317        
SHAREHOLDERS' CAPITAL ‒ 100.0%               $ 215,145,425        

 

*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 July 31, 2022 was $164,060,851 and $196,327,108 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.