Portfolio Statistics

Assets

Total Fund AssetsAs of 07/31/2021 (updated monthly) $110.1 (M)
Net Assets - Class A

Exposure

Gross Exposure As of 06/30/2021 (updated monthly), % of Total 94.03%
Net Exposure As of 06/30/2021 (updated monthly), % of Total 63.00%
Long Exposure As of 06/30/2021 (updated monthly), % of Total 78.51%
Short Exposure As of 06/30/2021 (updated monthly), % of Total -15.51%

FIXED INCOME

Average Duration As of 06/30/2021 (updated monthly) 2.33 Year(s)

Portfolio Details

Strategy Breakdown % of Invested Capital As of 06/30/2021

[category] Target Allocation
% of Invested Capital
Actual Allocation
% of Invested Capital
Credit Long Short 30%-70% 42.47%
Structured Credit 20%-60% 38.33%
Emerging Market Fixed Income 0%-30% 19.20%

Security Type Exposure% of Total As of 06/30/2021

Gross Exposure% of Total Net Exposure% of Total
Direct Securities 57.69% 49.11%
Index/Multi-Security Derivatives 22.84% 20.82%
Single Security Derivatives 13.50% -6.93%

Manager Allocation % of Invested Capital As of 06/30/2021

Allocation
Credit Long Short 42.47%
Benefit Street Partners, LLC 21.24%
Apollo Credit Management, LLC 21.23%
Emerging Market Fixed Income 19.20%
Emso Asset Management Limited 19.20%
Structured Credit 38.33%
Medalist Partners, L.P. 19.36%
Ellington Global Asset Management, LLC 18.97%