Portfolio Statistics

Assets

Total Fund AssetsAs of 04/30/2020 (updated monthly) $1,105.6 (M)
Net Assets - Class C As of 04/30/2020 (updated monthly) $36.1 (M)

Exposure

Gross Exposure As of 04/30/2020 (updated monthly), % of Total 153.66%
Net Exposure As of 04/30/2020 (updated monthly), % of Total 40.74%
Long Exposure As of 04/30/2020 (updated monthly), % of Total 97.20%
Short Exposure As of 04/30/2020 (updated monthly), % of Total -56.46%

Value at Risk

Value at Risk (Fund)As of 04/30/2020 (updated monthly) -1.76%

Portfolio Details

Strategy Breakdown % of Invested Capital As of 04/30/2020

[category] Target Allocation
% of Invested Capital
Actual Allocation
% of Invested Capital
Long Short Equity 25%-40% 30.72%
Relative Value 30%-45% 27.26%
Global Macro 0%-30% 24.27%
Event Driven 10%-30% 17.75%

Geographic Exposure % of Total As of 04/30/2020

Gross Exposure% of Total Net Exposure% of Total
North America 96.80% 32.03%
Europe 36.97% 3.36%
Asia Pacific 11.90% 2.30%
Global & Emerging Markets 6.90% 2.37%
South America 1.11% 0.68%

Asset Class Exposure % of Total As of 04/30/2020

Gross Exposure% of Total Net Exposure% of Total
Equity 87.38% 11.70%
Fixed Income 46.04% 37.32%
Currency 19.55% -8.04%
Commodities 0.68% -0.25%

Security Type Exposure% of Total As of 04/30/2020

Gross Exposure% of Total Net Exposure% of Total
Direct Securities 89.23% 45.37%
Single Security Derivatives 40.79% -0.42%
Index/Multi-Security Derivatives 23.64% -4.21%

TOP LONG EXPOSURE % of Total (Equity Only) As of 04/30/2020

[holdings-table-heading]
STARS GROUP INC/THE 1.66%
ALLERGAN PLC 0.91%
MASTERCARD INC 0.84%
MICROSOFT CORP 0.82%
WABCO HOLDINGS INC 0.81%
HAL TRUST 0.68%
SHERWIN-WILLIAMS CO/THE 0.66%
EL PASO ELECTRIC CO 0.61%
BALL CORP 0.60%
ANIXTER INTERNATIONAL INC 0.59%

TOP SHORT EXPOSURE % of Total (Equity Only) As of 04/30/2020

[holdings-table-heading]
FLUTTER ENTERTAINMENT PLC -1.64%
CARNIVAL CORP -0.42%
ABBVIE INC -0.34%
TRANSDIGM GROUP INC -0.26%
INNOVATIVE INDUSTRIAL PROPERTIES INC -0.23%
IAC/INTERACTIVECORP -0.22%
PEUGEOT SA -0.21%
COLRUYT SA -0.18%
ZILLOW GROUP INC -0.16%
NORTHROP GRUMMAN CORP -0.15%

Manager Allocation % of Invested Capital As of 04/30/2020

Allocation
Event Driven 17.75%
Bardin Hill Investment Partners L.P. 9.90%
P. Schoenfeld Asset Management L.P. 7.85%
Global Macro 24.28%
H2O Asset Management 7.69%
Emso Asset Management Limited 7.64%
Grantham, Mayo, Van Otterloo & Co. LLC 4.97%
Graham Capital Management, L.P. 3.98%
Long Short Equity 30.72%
Jennison Associates, LLC 7.08%
Chilton Investment Company, LLC 6.78%
Portland Hill Asset Management Limited 6.22%
Wellington Management Company, LLP 5.82%
Impala Asset Management, LLC 4.82%
Relative Value 27.25%
Lazard Asset Management, LLC 10.47%
Loomis Sayles & Company, L.P. 7.33%
Ellington Global Asset Management, LLC 3.85%
Apollo Credit Management, LLC 2.89%
Chatham Asset Management, LLC 2.71%