Portfolio Statistics

Assets

Total Fund AssetsAs of 07/31/2020 (updated monthly) $103.0 (M)
Net Assets - Advisor Class

Exposure

Gross Exposure As of 06/30/2020 (updated monthly), % of Total 99.31%
Net Exposure As of 06/30/2020 (updated monthly), % of Total 66.23%
Long Exposure As of 06/30/2020 (updated monthly), % of Total 82.77%
Short Exposure As of 06/30/2020 (updated monthly), % of Total -16.54%

FIXED INCOME

Average Duration As of 06/30/2020 (updated monthly) 3.27 Year(s)

Portfolio Details

Strategy Breakdown % of Invested Capital As of 06/30/2020

[category] Target Allocation
% of Invested Capital
Actual Allocation
% of Invested Capital
Structured Credit 20%-60% 53.33%
Credit Long Short 30%-70% 31.37%
Emerging Market Fixed Income 0%-30% 15.30%

Security Type Exposure% of Total As of 06/30/2020

Gross Exposure% of Total Net Exposure% of Total
Direct Securities 55.51% 40.52%
Index/Multi-Security Derivatives 32.91% 31.78%
Single Security Derivatives 10.89% -6.06%

Manager Allocation % of Invested Capital As of 06/30/2020

Allocation
Credit Long Short 31.37%
Apollo Credit Management, LLC 26.44%
Chatham Asset Management, LLC 4.93%
Emerging Market Fixed Income 15.30%
Emso Asset Management Limited 15.30%
Structured Credit 53.34%
Ellington Global Asset Management, LLC 28.00%
Medalist Partners, L.P. 25.34%