| WESTWOOD ALTERNATIVE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS | ||||
| January 31, 2026 (Unaudited) | ||||
| CONVERTIBLE BONDS - 90.7% | Coupon | Maturity | Par Value | Value |
| Communications - 5.2% | ||||
| DoorDash, Inc., 144A | 0.000% | 05/15/30 | $ 1,000,000 | $ 1,000,500 |
| Liberty Media Corporation - Liberty Formula One, 144A |
2.250% | 08/15/27 | 1,500,000 | 1,753,500 |
| Trip.com Group Ltd., 144A | 0.750% | 06/15/29 | 2,000,000 | 2,265,000 |
| Uber Technologies, Inc. * | 0.875% | 12/01/28 | 2,000,000 | 2,562,061 |
| 7,581,061 | ||||
| Consumer Discretionary - 10.6% | ||||
| Alibaba Group Holding Ltd. | 0.500% | 06/01/31 | 2,000,000 | 3,503,977 |
| Cheesecake Factory, Inc. (The), 144A | 2.000% | 03/15/30 | 2,000,000 | 2,106,000 |
| Cloudflare, Inc., 144A | 0.000% | 06/15/30 | 2,500,000 | 2,632,750 |
| Etsy, Inc., 144A | 1.000% | 06/15/30 | 200,000 | 198,839 |
| JD.com, Inc. | 0.250% | 06/01/29 | 2,500,000 | 2,512,500 |
| Live Nation Entertainment, Inc. * | 3.125% | 01/15/29 | 2,000,000 | 2,943,200 |
| Meritage Homes Corporation | 1.750% | 05/15/28 | 1,500,000 | 1,522,133 |
| 15,419,399 | ||||
| Consumer Staples - 1.5% | ||||
| Chef's Warehouse, Inc. (The) | 2.375% | 12/15/28 | 1,470,000 | 2,257,479 |
|
| ||||
| Energy - 4.9% | ||||
| CMS Energy Corporation * | 3.375% | 05/01/28 | 2,250,000 | 2,428,875 |
| Northern Oil & Gas, Inc. | 3.625% | 04/15/29 | 2,900,000 | 2,933,785 |
| Solaris Energy Infrastructure, Inc. | 0.250% | 10/01/31 | 1,500,000 | 1,845,750 |
| 7,208,410 | ||||
| Financials - 3.4% | ||||
| Blackstone Mortgage Trust, Inc. | 5.500% | 03/15/27 | 1,000,000 | 985,500 |
| Core Scientific, Inc., 144A | 3.000% | 09/01/29 | 700,000 | 1,287,125 |
| PennyMac Corporation | 5.500% | 03/15/26 | 500,000 | 496,750 |
| Redwood Trust, Inc. | 7.750% | 06/15/27 | 1,500,000 | 1,515,000 |
| WisdomTree, Inc. | 3.250% | 08/15/29 | 500,000 | 734,681 |
| 5,019,056 | ||||
| Health Care - 11.9% | ||||
| Alnylam Pharmaceuticals, Inc. | 1.000% | 09/15/27 | 2,100,000 | 2,737,428 |
| Dexcom, Inc. | 0.375% | 05/15/28 | 1,500,000 | 1,399,500 |
| Halozyme Therapeutics, Inc., 144A | 0.000% | 02/15/31 | 1,900,000 | 1,952,250 |
| Ionis Pharmaceuticals, Inc. * | 1.750% | 06/15/28 | 2,000,000 | 3,279,534 |
| WESTWOOD ALTERNATIVE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| CONVERTIBLE BONDS - 90.7% (Continued) | Coupon | Maturity | Par Value | Value |
| Health Care - 11.9% (Continued) | ||||
| Lantheus Holdings, Inc., 144A | 2.625% | 12/15/27 | $ 1,000,000 | $ 1,143,000 |
| Ligand Pharmaceuticals, Inc., 144A | 0.750% | 10/01/30 | 2,000,000 | 2,385,309 |
| Merit Medical Systems, Inc., 144A | 3.000% | 02/01/29 | 1,500,000 | 1,733,250 |
| Mirion Technologies, Inc., 144A | 0.250% | 06/01/30 | 1,000,000 | 1,290,000 |
| Zoetis, Inc., 144A | 0.250% | 06/15/29 | 1,500,000 | 1,533,750 |
| 17,454,021 | ||||
| Industrials - 15.7% | ||||
| Advanced Energy Industries, Inc., 144A | 2.500% | 09/15/28 | 2,250,000 | 4,372,875 |
| AeroVironment, Inc. | 0.000% | 07/15/30 | 1,000,000 | 1,176,000 |
| BWX Technologies, Inc., 144A | 0.000% | 11/01/30 | 2,500,000 | 2,577,500 |
| Fluor Corporation | 1.125% | 08/15/29 | 2,250,000 | 2,775,600 |
| Granite Construction, Inc. | 3.250% | 06/15/30 | 2,000,000 | 3,328,000 |
| Itron, Inc. | 1.375% | 07/15/30 | 2,000,000 | 2,125,000 |
| OSI Systems, Inc. * | 2.250% | 08/01/29 | 2,500,000 | 3,675,000 |
| Tetra Tech, Inc. * | 2.250% | 08/15/28 | 2,500,000 | 2,897,500 |
| 22,927,475 | ||||
| Materials - 3.2% | ||||
| B2Gold Corporation, 144A | 2.750% | 02/01/30 | 500,000 | 859,776 |
| MP Materials Corporation, 144A | 3.000% | 03/01/30 | 1,000,000 | 2,847,000 |
| Peabody Energy Corporation | 3.250% | 03/01/28 | 500,000 | 976,500 |
| 4,683,276 | ||||
| Technology - 31.7% | ||||
| Akamai Technologies, Inc., 144A | 0.250% | 05/15/33 | 2,000,000 | 2,424,641 |
| BlackLine, Inc. * | 1.000% | 06/01/29 | 2,000,000 | 1,985,600 |
| Check Point Software Technologies Ltd., 144A | 0.000% | 12/15/30 | 2,000,000 | 1,979,971 |
| Cipher Mining, Inc., 144A | 0.000% | 10/01/31 | 1,000,000 | 1,271,250 |
| Datadog, Inc. | 0.000% | 12/01/29 | 2,500,000 | 2,458,750 |
| DigitalOcean Holdings, Inc., 144A | 0.000% | 08/15/30 | 2,000,000 | 3,164,001 |
| Dropbox, Inc. | 0.000% | 03/01/28 | 1,000,000 | 989,500 |
| Five9, Inc. | 1.000% | 03/15/29 | 1,000,000 | 901,000 |
| Global Payments, Inc. | 1.500% | 03/01/31 | 2,500,000 | 2,211,250 |
| Microchip Technology, Inc. | 0.750% | 06/01/30 | 1,500,000 | 1,541,687 |
| MKS Instruments, Inc. * | 1.250% | 06/01/30 | 2,200,000 | 3,700,274 |
| Nebius Group N.V., 144A | 1.000% | 09/15/30 | 500,000 | 498,500 |
| Nutanix, Inc. | 0.250% | 10/01/27 | 2,000,000 | 2,058,000 |
| Seagate HDD Cayman | 3.500% | 06/01/28 | 1,000,000 | 4,959,500 |
| WESTWOOD ALTERNATIVE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| CONVERTIBLE BONDS - 90.7% (Continued) | Coupon | Maturity | Par Value | Value |
| Technology - 31.7% (Continued) | ||||
| Shift4 Payments, Inc. * | 0.500% | 08/01/27 | $ 2,800,000 | $ 2,689,400 |
| Snowflake, Inc. | 0.000% | 10/01/29 | 2,000,000 | 2,814,000 |
| Synaptics, Inc. | 0.750% | 12/01/31 | 1,000,000 | 1,129,013 |
| Tempus AI, Inc., 144A | 0.750% | 07/15/30 | 500,000 | 541,753 |
| Veeco Instruments, Inc. | 2.875% | 06/01/29 | 1,000,000 | 1,294,500 |
| Vishay Intertechnology, Inc. | 2.250% | 09/15/30 | 500,000 | 503,750 |
| Western Digital Corporation | 3.000% | 11/15/28 | 800,000 | 5,314,324 |
| Wix.com Ltd., 144A | 0.000% | 09/15/30 | 1,000,000 | 881,000 |
| Zscaler, Inc., 144A * | 0.000% | 07/15/28 | 1,000,000 | 929,653 |
| 46,241,317 | ||||
| Utilities - 2.6% | ||||
| Evergy, Inc. | 4.500% | 12/15/27 | 1,000,000 | 1,270,000 |
| Ormat Technologies, Inc. | 2.500% | 07/15/27 | 1,750,000 | 2,579,675 |
| 3,849,675 | ||||
| Total Convertible Bonds (Cost $109,161,415) | $ 132,641,169 | |||
| CORPORATE BONDS - 6.5% | Coupon | Maturity | Par Value | Value |
| Industrials - 4.6% | ||||
| Centrus Energy Corporation, 144A * | 0.000% | 08/15/32 | $ 1,300,000 | $ 1,876,550 |
| GEO Group, Inc. | 8.625% | 04/15/29 | 1,500,000 | 1,568,599 |
| Parsons Corporation * | 2.625% | 03/01/29 | 3,000,000 | 3,210,849 |
| 6,655,998 | ||||
| Materials - 0.4% | ||||
| Celanese US Holdings, LLC | 6.850% | 11/15/28 | 571,000 | 599,390 |
|
| ||||
| Real Estate - 1.5% | ||||
| Iron Mountain, Inc., 144A | 7.000% | 02/15/29 | 1,000,000 | 1,027,516 |
| Service Properties Trust, 144A | 8.625% | 11/15/31 | 1,100,000 | 1,155,410 |
| 2,182,926 | ||||
| Total Corporate Bonds (Cost $9,024,622) | $ 9,438,314 | |||
| WESTWOOD ALTERNATIVE INCOME FUND | ||||
| SCHEDULE OF INVESTMENTS (Continued) | ||||
| COMMON STOCKS - 0.3% | Shares | Value | ||
| Industrials - 0.3% | ||||
| Aerospace & Defense - 0.3% | ||||
| Kratos Defense & Security Solutions, Inc. (a)(b) (Cost $182,324) |
4,000 | $ 412,040 | ||
|
| ||||
| MONEY MARKET FUNDS - 2.1% | Shares | Value | ||
| First American Government Obligations Fund - Class U, 3.63% (c) (Cost $3,003,637) |
3,003,637 | $ 3,003,637 | ||
| Investments at Value - 99.6% (Cost $121,371,998) | $ 145,495,160 | |||
| Other Assets in Excess of Liabilities - 0.4% | 567,280 | |||
| Net Assets - 100.0% | $ 146,062,440 | |||
| 144A | - Security was purchased in a transaction exempt from registration in compliance with Rule 144A of the Securities Act of 1933. This security may be resold in transactions exempt from registration, normally to qualified institutional buyers. The total value of such securities is $47,688,669 as of January 31, 2026, representing 32.6% of net assets. |
| N.V. | - Naamloze Vennootschap |
| * | All or a part of this security has been pledged as collateral for derivative instruments held by the Fund. The total value of these securities as of January 31, 2026 was $27,358,253. |
| (a) | Non-income producing security. |
| (b) | All or a portion of this security covers a written call option. The total value of these securities as of January 31, 2026 was $412,040. |
| (c) | The rate shown is the 7-day effective yield as of January 31, 2026. |
| WESTWOOD ALTERNATIVE INCOME FUND | ||
| SCHEDULE OF TOTAL RETURN SWAP AGREEMENTS | ||
| January 31, 2026 (Unaudited) | ||
| A list of open OTC swap agreements as of January 31, 2026, is as follows: | ||||||||||
| Total Return Swap Agreements | ||||||||||
| Number of Shares | Reference Entity | Notional Amount | Interest Rate Receivable (a) | Termination Date | Counterparty | Net Unrealized Appreciation / (Depreciation) | ||||
| Short Positions | ||||||||||
| (14,600) | Advanced Energy Industries, Inc. | $(3,774,823) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | $ 51,864 | ||||
| (2,098) | AeroVironment, Inc. | (794,240) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 211,336 | ||||
| (14,200) | Akamai Technologies, Inc. | (1,299,726) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (77,909) | ||||
| (16,700) | Alibaba Group Holding Ltd. | (2,854,531) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 27,042 | ||||
| (5,700) | Alnylam Pharmaceuticals, Inc. | (2,047,782) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 123,928 | ||||
| (117,600) | B2Gold Corporation | (544,488) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (30,958) | ||||
| (15,800) | BlackLine, Inc. | (828,394) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 95,376 | ||||
| (5,700) | BWX Technologies, Inc. | (1,215,525) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 46,347 | ||||
| (4,300) | Centrus Energy Corporation - Class A | (1,316,230) | 3.12% OBFR 3.63% minus 51bp | 05/18/2026 | BNP Paribas | 121,452 | ||||
| (3,900) | Check Point Software Technologies Ltd. | (735,306) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 36,289 | ||||
| (14,900) | Cheesecake Factory, Inc. (The) | (884,350) | 2.86% OBFR 3.63% minus 77bp | 05/18/2026 | BNP Paribas | 21,286 | ||||
| (26,400) | Chef's Warehouse, Inc. (The) | (1,704,120) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 46,045 | ||||
| (47,800) | Cipher Mining, Inc. | (837,456) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 75,789 | ||||
| (5,000) | Cloudflare, Inc. | (920,700) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 35,655 | ||||
| (12,300) | CMS Energy Corporation | (876,744) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (1,304) | ||||
| (45,700) | Core Scientific, Inc. | (826,256) | 3.22% OBFR 3.63% minus 41bp | 05/18/2026 | BNP Paribas | 5,296 | ||||
| (6,500) | Datadog, Inc. - Class A | (785,590) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (53,844) | ||||
| (1,300) | DexCom, Inc. | (90,012) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (4,809) | ||||
| (39,000) | DigitalOcean Holdings, Inc. | (2,062,320) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (89,422) | ||||
| (2,100) | DoorDash, Inc. - Class A | (441,231) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 12,173 | ||||
| (11,400) | Dropbox, Inc. | (302,214) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 12,250 | ||||
| (1,300) | Etsy, Inc. | (82,719) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 13,992 | ||||
| (13,100) | Evergy, Inc. | (992,718) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (10,997) | ||||
| (1,300) | Five9, Inc. | (24,713) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 1,791 | ||||
| (31,400) | Fluor Corporation | (1,364,016) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (84,361) | ||||
| (5,900) | Global Payments, Inc. | (442,441) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 19,820 | ||||
| (20,600) | Granite Construction, Inc. | (2,492,188) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 8,579 | ||||
| (14,600) | Halozyme Therapeutics, Inc. | (1,048,572) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 3,135 | ||||
| (28,000) | Ionis Pharmaceuticals, Inc. | (2,161,880) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (149,727) | ||||
| (9,200) | Itron, Inc. | (928,372) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 18,190 | ||||
| (22,500) | JD.com, Inc. | (661,725) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 21,890 | ||||
| WESTWOOD ALTERNATIVE INCOME FUND |
| SCHEDULE OF TOTAL RETURN SWAP AGREEMENTS (Continued) |
| Total Return Swap Agreements (Continued) | ||||||||||
| Number of Shares | Reference Entity | Notional Amount | Interest Rate Receivable (a) | Termination Date | Counterparty | Net Unrealized Appreciation / (Depreciation) | ||||
| (5,000) | Lantheus Holdings, Inc. | $ (327,100) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | $ (7,023) | ||||
| (13,200) | Liberty Media Corporation - Liberty Formula One | (1,188,300) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 41,210 | ||||
| (7,000) | Ligand Pharmaceuticals, Inc. | (1,372,560) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 29,862 | ||||
| (14,400) | Live Nation Entertainment, Inc. | (2,098,512) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 7,093 | ||||
| (10,700) | Merit Medical Systems, Inc. | (859,745) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (6,664) | ||||
| (4,600) | Meritage Homes Corporation | (359,950) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 40,729 | ||||
| (2,400) | Microchip Technology, Inc. | (178,680) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (3,268) | ||||
| (31,700) | Mirion Technologies, Inc. - Class A | (855,900) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 69,720 | ||||
| (10,900) | MKS Instruments, Inc. | (2,260,791) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (302,094) | ||||
| (41,800) | MP Materials Corporation | (2,788,060) | 2.85% OBFR 3.63% minus 78bp | 05/18/2026 | BNP Paribas | 335,007 | ||||
| (2,200) | Nebius Group N.V. - Class A | (228,547) | 2.16% OBFR 3.63% minus 47bp | 05/18/2026 | BNP Paribas | 41,349 | ||||
| (33,100) | Northern Oil & Gas, Inc. | (746,736) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (79,675) | ||||
| (14,600) | Nutanix, Inc. - Class A | (710,582) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 137,603 | ||||
| (13,600) | Ormat Technologies, Inc. | (1,576,376) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (120,509) | ||||
| (10,500) | OSI Systems, Inc. | (3,052,721) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 430,804 | ||||
| (13,400) | Parsons Corporation | (967,748) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 30,355 | ||||
| (23,400) | Peabody Energy Corporation | (843,804) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 19,951 | ||||
| (11,925) | Seagate Technology Holdings plc | (3,844,216) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (1,011,963) | ||||
| (4,800) | Shift4 Payments, Inc. | (316,368) | 1.61% OBFR 3.63% minus 02bp | 05/18/2026 | BNP Paribas | 33,304 | ||||
| (10,200) | Snowflake, Inc. - Class A | (2,118,948) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 156,604 | ||||
| (20,200) | Solaris Energy Infrastructure, Inc. - Class A | (1,119,080) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 5,874 | ||||
| (6,400) | Synaptics, Inc. | (579,456) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 52,237 | ||||
| (3,600) | Tempus AI, Inc. - Class A | (248,112) | 2.42% OBFR 3.63% minus 21bp | 05/18/2026 | BNP Paribas | 33,027 | ||||
| (35,000) | Tetra Tech, Inc. | (1,300,950) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (15,131) | ||||
| (21,100) | Trip.com Group Ltd. | (1,293,430) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 409 | ||||
| (20,500) | Uber Technologies, Inc. | (1,729,790) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 91,288 | ||||
| (22,300) | Veeco Instruments, Inc. | (760,207) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 64,887 | ||||
| (7,200) | Vishay Intertechnology, Inc. | (131,238) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (13,683) | ||||
| (20,600) | Western Digital Corporation | (4,575,259) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (572,805) | ||||
| (27,800) | WisdomTree, Inc. | (395,316) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (54,468) | ||||
| (2,300) | Wix.com Ltd. | (192,671) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | (6,780) | ||||
| (5,600) | Zoetis, Inc. - Class A | (701,568) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 631 | ||||
| (600) | Zscaler, Inc. | (126,348) | 3.28% OBFR 3.63% minus 35bp | 05/18/2026 | BNP Paribas | 6,553 | ||||
| Total Short Positions | $ (59,372) | |||||||||
| Total swap agreements at value (assets) | $2,638,022 | |||||||||
| Total swap agreements at value (liabilities) | (2,697,394) | |||||||||
| Net swap agreements at value | $(59,372) | |||||||||
OFBR - Overnight Bank Funding Rate
OTC - Over the Counter
(a) Payment frequency is monthly.
The average monthly notional value for swap contracts for the three months ended January 31, 2026 was $69,857,222.
| WESTWOOD ALTERNATIVE INCOME FUND | |||||
| SCHEDULE OF OPEN WRITTEN OPTION CONTRACTS | |||||
| January 31, 2026 (Unaudited) | |||||
| WRITTEN OPTION CONTRACTS | Strike Price | Contracts | Notional Value | Value of Options | |
| Call Option Contracts | |||||
| Kratos Defense & Security Solutions, Inc., 05/15/26 (Premiums $32,489) | $ 140 .00 | 40 | $ 412,040 | $ 29,200 | |
| The average monthly notional value of written option contracts during the three months ended January 31, 2026 was $441,367. | |||||
| WESTWOOD ALTERNATIVE INCOME FUND | ||||
| SCHEDULE OF FUTURES CONTRACTS | ||||
| January 31, 2026 (Unaudited) | ||||
| FUTURES CONTRACTS | Contracts |
Expiration Date |
Notional Value | Value/Unrealized Appreciation (Depreciation) |
| Interest Rate Futures | ||||
| 5-Year U.S. Treasury Note Future | 57 | 3/31/2026 | $ 6,208,992 | $ (30,896) |
|
The average monthly notional value of futures contracts during the three months ended January 31, 2026 was $6,232,000. | ||||