Portfolio Statistics

Assets

Total Fund AssetsAs of 03/31/2021 (updated monthly) $105.8 (M)
Net Assets - Class R

Exposure

Gross Exposure As of 02/28/2021 (updated monthly), % of Total 96.07%
Net Exposure As of 02/28/2021 (updated monthly), % of Total 65.74%
Long Exposure As of 02/28/2021 (updated monthly), % of Total 80.91%
Short Exposure As of 02/28/2021 (updated monthly), % of Total -15.16%

FIXED INCOME

Average Duration As of 02/28/2021 (updated monthly) 2.06 Year(s)

Portfolio Details

Strategy Breakdown % of Invested Capital As of 02/28/2021

[category] Target Allocation
% of Invested Capital
Actual Allocation
% of Invested Capital
Credit Long Short 30%-70% 43.48%
Structured Credit 20%-60% 39.43%
Emerging Market Fixed Income 0%-30% 17.09%

Security Type Exposure% of Total As of 02/28/2021

Gross Exposure% of Total Net Exposure% of Total
Direct Securities 61.03% 47.89%
Index/Multi-Security Derivatives 22.69% 21.15%
Single Security Derivatives 12.36% -3.30%

Manager Allocation % of Invested Capital As of 02/28/2021

Allocation
Credit Long Short 43.48%
Apollo Credit Management, LLC 21.91%
Benefit Street Partners, LLC 21.57%
Emerging Market Fixed Income 17.09%
Emso Asset Management Limited 17.09%
Structured Credit 39.42%
Medalist Partners, L.P. 19.96%
Ellington Global Asset Management, LLC 19.46%