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Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS

As of July 31, 2026 (Unaudited)

 

 

Number
of Shares		      Value 
     COMMON STOCKS — 39.7%     
     AEROSPACE & DEFENSE — 0.5%     
 428   Boeing Co.*  $92,508 
 3,034   Howmet Aerospace, Inc.   856,377 
         948,885 
     ASSET MANAGEMENT — 2.1%     
 262,139   DigitalBridge Group, Inc.   4,160,146 
     AUTOMOTIVE — 0.5%     
 10,127   General Motors Co.   899,885 
     BANKING — 1.2%     
 1,179   Citigroup, Inc.   156,158 
 39,866   TriCo Bancshares   2,293,890 
         2,450,048 
     BIOTECH & PHARMA — 1.7%     
 3,427   Johnson & Johnson   878,511 
 180,500   Organon & Co.   2,445,775 
         3,324,286 
     CHEMICALS — 0.3%     
 4,596   Albemarle Corp.   540,673 
     ELECTRICAL EQUIPMENT — 1.3%     
 2,548   Bloom Energy Corp.*   524,404 
 841   GE Vernova, Inc.   832,834 
 1,776   Keysight Technologies, Inc.*   566,686 
 2,793   Vertiv Holdings Co.   674,705 
         2,598,629 
     ENGINEERING & CONSTRUCTION — 0.4%     
 1,139   Quanta Services, Inc.   760,123 
     ENTERTAINMENT CONTENT — 4.3%     
 20,532   Electronic Arts, Inc.   4,308,845 
 29,572   Roku, Inc.*   4,288,236 
         8,597,081 
     GAS & WATER UTILITIES — 2.2%     
 110,254   Essential Utilities, Inc.   4,393,622 
     HOME & OFFICE PRODUCTS — 1.0%     
 204,039   Leggett & Platt, Inc.   1,999,582 
     INSTITUTIONAL FINANCIAL SVCS — 0.3%     
 1,774   Bank of New York Mellon Corp./The   277,329 
 194   Goldman Sachs Group, Inc.   197,566 
 199   Morgan Stanley   41,874 
         516,769 
     INSURANCE — 3.9%     
 40,846   Brighthouse Financial, Inc.*   2,528,776 

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

Number
of Shares		      Value 
     COMMON STOCKS (Continued)     
     INSURANCE (Continued)     
 169,370   Corebridge Financial, Inc.  $5,282,650 
         7,811,426 
     INTERNET MEDIA & SERVICES — 0.4%     
 2,304   Alphabet, Inc. - Class C   821,722 
     LEISURE FACILITIES & SERVICES — 2.0%     
 431,699   Global Business Travel Group Inc.*   4,075,239 
     MACHINERY — 0.5%     
 1,204   Caterpillar, Inc   981,031 
     MEDICAL EQUIPMENT & DEVICES — 2.4%     
 56,852   Bio-Techne Corp.   4,098,461 
 3,063   Illumina, Inc.*   628,221 
         4,726,682 
     METALS & MINING — 1.2%     
 126,192   Allied Gold Corp.*   2,289,981 
     REIT — 0.3%     
 45,790   Minto Apartment Real Estate Investment Trust   585,971 
     SEMICONDUCTORS — 6.9%     
 1,855   Advanced Micro Devices, Inc.*   883,258 
 2,198   Applied Materials, Inc.   1,115,859 
 159   ASML Holding N.V.   259,011 
 1,454   Broadcom, Inc.   566,013 
 1,915   Coherent, Corp.*   503,434 
 3,425   KLA Corp.   626,158 
 3,435   Lam Research Corp.   1,006,524 
 4,328   Lattice Semiconductor Corp.*   537,841 
 2,779   Marvell Technology, Inc.   521,229 
 1,301   Micron Technology, Inc.   1,070,762 
 7,067   ON Semiconductor Corp.*   576,738 
 42,713   Qorvo, Inc.*   3,868,516 
 20,002   Synaptics, Inc.*   2,146,615 
         13,681,958 
     SOFTWARE — 0.8%     
 156,364   Talkspace, Inc.*   816,220 
 4,204   Twilio, Inc. - Class A*   829,660 
         1,645,880 
     SPECIALTY FINANCE — 1.4%     
 401,782   Payoneer Global, Inc.*   2,880,777 
     TECHNOLOGY HARDWARE — 3.6%     
 2,900   Apple, Inc.   895,839 
 1,862   Dell Technologies, Inc., Class C   754,799 
 16,488   Hewlett Packard Enterprise Co.   789,775 

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

Number
of Shares		      Value 
     COMMON STOCKS (Continued)     
     TECHNOLOGY HARDWARE (Continued)     
 762   Lumentum Holdings, Inc.*  $544,023 
 89,171   NCR Atleos Corp.*   4,193,712 
         7,178,148 
     TRANSPORTATION & LOGISTICS — 0.5%     
 39,706   ZIM Integrated Shipping Services Ltd.   1,000,194 
     TOTAL COMMON STOCKS     
     (Cost $78,323,282)   78,868,738 

 

Number
of Contracts		        
     PURCHASED OPTIONS CONTRACTS — 0.2%     
     CALL OPTIONS — 0.1%     
     S&P 500 Index     
     Exercise Price: $7,600.00, Notional Amount: $39,520,000     
 52   Expiration Date: August 21, 2026   201,240 
           
     PUT OPTIONS — 0.1%     
     S&P 500 Index     
     Exercise Price: $7,300.00, Notional Amount: $39,420,000     
 54   Expiration Date: August 21, 2026   179,280 
     TOTAL PURCHASED OPTIONS CONTRACTS     
     (Cost $733,256)   380,520 

 

Number
of Shares		        
     MUTUAL FUNDS — 16.6%     
 4,151,000   Mast Managed Futures Strategy Fund - Class I(a)   32,958,940 
     TOTAL MUTUAL FUNDS     
     (Cost $32,917,430)   32,958,940 

 

Principal
Amount		        
    SHORT-TERM INVESTMENTS — 36.7%    
     MONEY MARKET INVESTMENTS — 25.4%     
$50,552,394   UMB Bank, Money Market Special II Deposit Investment, 3.43%(b),(c)   50,552,394 
           
     TREASURY BILLS — 11.3%     
     United States Treasury Bill     
 3,250,000   3.61%, 8/6/2026(c),(d)   3,249,025 
 3,250,000   3.62%, 9/3/2026(c),(d)   3,239,882 
 3,250,000   3.63%, 10/1/2026(c),(d)   3,230,406 
 3,250,000   3.57%, 10/29/2026(c),(d)   3,220,997 
 3,250,000   3.82%, 11/27/2026(c),(d)   3,210,565 
 3,250,000   3.92%, 12/24/2026(c),(d)   3,200,561 

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

Principal
Amount		      Value 
     SHORT-TERM INVESTMENTS (Continued)     
     MONEY MARKET INVESTMENTS (Continued)     
     TREASURY BILLS (Continued)     
$3,250,000   3.68%, 1/21/2027(c),(d)  $3,190,980 
         22,542,416 
     TOTAL SHORT-TERM INVESTMENTS     
     (Cost $73,097,398)   73,094,810 
           
     TOTAL INVESTMENTS — 93.2%     
     (Cost $185,071,366)   185,303,008 
           
     Other Assets in Excess of Liabilities — 6.8%   13,510,857 
     TOTAL NET ASSETS — 100.0%  $198,813,865 

 

REIT – Real Estate Investment Trusts

 

*Non-income producing security.
(a)Affiliated company.
(b)The rate is the annualized seven-day yield at period end.
(c)All or a portion of this investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.
(d)Treasury bill discount rate.

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

SWAP CONTRACTS

EQUITY SWAP CONTRACTS

 

                      Premium   Unrealized 
            Pay/Receive  Termination  Notional   Paid   Appreciation 
Counterparty  Reference Entity  Fund Pays  Fund Receives  Frequency  Date  Amount   (Received)   (Depreciation) 
Barclays Bank PLC  Barclays Month End Rebalancing Currency Index  0.00%  Index Return  Monthly  9/30/26  $17,965,248   $-   $(33,051)
Barclays Bank PLC  Shiller Barclays CAPE US Mid-Month Sector ER Index2  0.00%  Basket Return  Monthly  9/30/26   14,860,176               -    53,105 
Barclays Bank PLC  US AI Insulated vs Vulnerable2  0.50%  Basket Return  At Maturity  9/30/26   14,541,186    -    (217,710)
BNP Paribas  Alerian MLP Total Return Index  Daily SOFR + 0.75%  Index Return  At Maturity  9/30/26   5,611,247    -    320,644 
BNP Paribas  BNP Paribas Artificial Intelligence Index2  Daily SOFR + 0.80%  Basket Return  Monthly  9/30/26   879,720    -    (117,709)
BNP Paribas  BNP Paribas Buy Write Call Gold Daily Index1,2  0.50%  Basket Return  At Maturity  9/30/26   9,358,490    -    163,215 
BNP Paribas  BNP Paribas Credit Flex Basket2  0.00%  Basket Return  At Maturity  9/30/26   26,878,435    -    (18,077)
BNP Paribas  BNP Paribas Dynamic Pre-Roll Alpha ex-Agriculture and Livestock Index1,2  0.08%  Basket Return  At Maturity  9/30/26   4,888,911    -    (31,464)
BNP Paribas  BNP Paribas Equity Low Volatility Europe LS Index2  0.00%  Basket Return  At Maturity  9/30/26   13,248,810    -    15,861 
BNP Paribas  BNP Paribas Volatility Index ER2  0.35%  Basket Return  At Maturity  9/30/26   22,611,396    -    (91,855)
Goldman Sachs & Co. LLC  Alerian MLP Infrastructure Index  Daily SOFR + 0.90%  Index Return  At Maturity  9/30/26   5,027,433    -    351,879 
Goldman Sachs & Co. LLC  Alerian MLP Infrastructure Index  Daily SOFR + 1.30%  Index Return  At Maturity  9/30/26   5,212,065    -    363,549 
Goldman Sachs & Co. LLC  Goldman Sachs Dispersion US Series 31 Excess Return Strategy2  0.00%  Basket Return  At Maturity  9/30/26   20,162,815    -    799,445 
Goldman Sachs & Co. LLC  Goldman Sachs USD Custom Equity Basket2  Daily SOFR + 0.85%  Basket Return  At Maturity  9/30/26   5,083,741    -    (137,614)
Goldman Sachs & Co. LLC  Goldman Sachs USD Custom Equity Basket2  Basket Return  Daily SOFR - 0.50%  At Maturity  9/30/26   4,951,504    -    (200,201)
Goldman Sachs & Co. LLC  MSCI US REIT Index  Daily SOFR + 0.65%  Index Return  At Maturity  9/30/26   3,825,732    -    69,228 
Macquarie Bank Ltd.  Macquarie Bond Auction Congestion Basket Index2  0.15%  Basket Return  At Maturity  9/30/26   14,847,148    -    95,233 
Macquarie Bank Ltd.  Macquarie Commodity Roll Rider1,2  0.15%  Basket Return  At Maturity  9/30/26   14,627,474    -    (25,581)
Macquarie Bank Ltd.  Macquarie Commodity Vector Congestion1,2  0.15%  Basket Return  At Maturity  9/30/26   14,457,259    -    (84,218)
Macquarie Bank Ltd.  Macquarie Short Horizon Breakout in Equities2  0.15%  Basket Return  At Maturity  9/30/26   19,755,538    -    (253,473)
Societe Generale  Dow Jones U.S. High Beta Total Return Index  Index Return  0.20%  Monthly  9/30/26   3,775,386    -    156,070 
Societe Generale  Dow Jones U.S. High Momentum Total Return Index  0.20%  Index Return  Monthly  9/30/26   2,791,121    -    (120,065)
Societe Generale  Dow Jones U.S. Low Beta Total Return Index  0.20%  Index Return  Monthly  9/30/26   4,075,169    -    96,303 
Societe Generale  Dow Jones U.S. Low Momentum Total Return Index  Index Return  0.20%  Monthly  9/30/26   2,881,003    -    (45,750)
Societe Generale  Dow Jones U.S. Relative Value Total Return Index  0.20%  Index Return  Monthly  9/30/26   15,235,270    -    330,146 
Societe Generale  Dow Jones U.S. Short Relative Value Total Return Index  Index Return  0.20%  Monthly  9/30/26   15,108,323    -    473,893 
Societe Generale  Dow Jones U.S. Thematic Long Quality Total Return Index  0.20%  Index Return  Monthly  9/30/26   16,124,062    -    4,229 
Societe Generale  Dow Jones U.S. Thematic Long Size Total Return Index  0.20%  Index Return  Monthly  9/30/26   9,043,891    -    (8,024)
Societe Generale  Dow Jones U.S. Thematic Short Quality Total Return Index  Index Return  0.20%  Monthly  9/30/26   16,332,933    -    76,500 
Societe Generale  Dow Jones U.S. Thematic Short Size Total Return Index  Index Return  0.20%  Monthly  9/30/26   8,989,937    -    25,748 
Societe Generale  SGI Commodity Dynamic Alpha Index1,2  0.30%  Basket Return  At Maturity  9/30/26   4,872,789    -    (42,898)
Societe Generale  SGI Equity US Intraday Trend 3 Index  0.30%  Index Return  At Maturity  9/30/26   14,817,136    -    39,870 
Societe Generale  SGI Rates Slope Trend Index2  0.15%  Basket Return  At Maturity  9/30/26   19,846,434    -    (273,270)
Societe Generale  SGI US Strong Balance Sheet Beta Hedged Index2  0.20%  Basket Return  At Maturity  9/30/26   5,109,613    -    40,272 
Societe Generale  SGI US Strong Balance Sheet Beta Hedged Index2  0.20%  Basket Return  At Maturity  9/30/26   4,918,189    -    (7,914)
Societe Generale  SGI Volume Premium US Total Return Index2  0.20%  Basket Return  At Maturity  9/30/26   24,718,582    -    735,446 
Goldman Sachs & Co. LLC  Goldman Sachs RP Equity World Long Short Series 109 Excess Return Strategy2  0.00%  Basket Return + 0.60%  At Maturity  10/1/26   4,851,818    -    (211,068)
Goldman Sachs & Co. LLC  Goldman Sachs RP Equity World Long Short Series 112 Excess Return Strategy2  0.00%  Basket Return + 0.60%  At Maturity  10/1/26   4,916,409    -    (45,782)
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/1/26   1,987,300    -    125,241 
Goldman Sachs & Co. LLC  FTSE 100 Index  5.23%  Index Return  At Maturity  10/2/26   1,705,997    -    50,607 
Goldman Sachs & Co. LLC  Goldman Sachs RP Equity World Long Short Series 112 Excess Return Strategy2  0.00%  Basket Return + 0.60%  At Maturity  10/2/26   4,867,482    -    (75,311)
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/2/26   1,101,070    -    73,128 
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/5/26   1,999,000    -    113,542 
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/5/26   3,974,666    -    213,489 
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/5/26   1,997,339    -    85,725 
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  11/5/26   3,532,984    -    (20,918)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  11/5/26   2,004,966    -    (7,542)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  11/12/26   49,880    -    (295)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  11/12/26   29,791    -    (112)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  12/3/26   24,079    -    (143)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  12/3/26   14,371    -    (54)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  12/31/26   35,987    -    (213)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  1/7/27   68,270    -    (404)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  1/7/27   58,964    -    (222)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  2/6/27   56,230    -    (333)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  2/25/27   60,067    -    (356)
Goldman Sachs & Co. LLC  The Brink's Company  Equity Return  Daily SOFR - 0.40%  Monthly  3/15/27   1,189,847    -    (182,608)
Goldman Sachs & Co. LLC  The Brink's Company  Equity Return  Daily SOFR - 0.40%  Monthly  3/18/27   10,062    -    (1,544)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  4/5/27   17,993    -    (107)
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  4/9/27   6,738,445    -    (8,416)
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  4/15/27   242,462    -    (303)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  4/15/27   48,849    -    (184)
Goldman Sachs & Co. LLC  Somnigroup International, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  4/22/27   2,413,321    -    345,009 
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  5/6/27   438,405    -    (548)
Goldman Sachs & Co. LLC  Somnigroup International, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/6/27   78,014    -    11,153 
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/6/27   71,114    -    (268)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/14/27   11,379    -    (67)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/21/27   218,173    -    (1,292)
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  5/21/27   169,766    -    (212)
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/21/27   143,895    -    (541)
Goldman Sachs & Co. LLC  Somnigroup International, Inc.  Equity Return  Daily SOFR - 0.40%  Monthly  5/21/27   121,081    -    17,310 
Goldman Sachs & Co. LLC  The Brink's Company  Equity Return  Daily SOFR - 0.40%  Monthly  5/21/27   39,160    -    (6,010)
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  6/2/27   122,880    -    (24,046)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/2/27   1,612,718    -    (92,681)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/2/27   1,673,776    -    (129,087)
Goldman Sachs & Co. LLC  Invesco Solar ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/2/27   60,130    -    (10,241)
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  6/3/27   68,239    -    (13,354)
Goldman Sachs & Co. LLC  Invesco Solar ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/3/27   30,680    -    (5,225)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/3/27   575,016    -    (33,046)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/3/27   571,068    -    (44,042)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/3/27   1,222,397    -    (6,264)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/4/27   23,450    -    (1,348)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/4/27   13,016    -    (67)
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  6/7/27   11,095    -    (2,171)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/7/27   47,604    -    (2,736)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/7/27   26,252    -    (135)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/15/27   24,409    -    (1,403)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/15/27   11,051    -    (852)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/15/27   13,457    -    (69)
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  6/18/27   151,415    -    (189)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/18/27   27,540    -    (1,583)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/18/27   13,457    -    (69)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/24/27   11,821    -    (679)
Goldman Sachs & Co. LLC  Fox Corp.  Equity Return  Daily SOFR - 0.25%  Monthly  6/25/27   1,501,339    -    (62,406)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/25/27   23,387    -    (1,344)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  6/25/27   13,899    -    (71)
Goldman Sachs & Co. LLC  Invesco Solar ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/1/27   16,619    -    (2,830)
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  7/1/27   37,016    -    (7,244)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/1/27   16,726    -    (1,290)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/2/27   26,473    -    (136)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/2/27   47,924    -    (2,754)
Goldman Sachs & Co. LLC  ON Semiconductor Corp.  Equity Return  Daily SOFR - 0.25%  Monthly  7/9/27   2,682,684    -    288,815 
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/9/27   54,387    -    (3,635)
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  7/13/27   23,095    -    (3,121)
Goldman Sachs & Co. LLC  Invesco Solar ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/13/27   10,384    -    (1,207)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/14/27   19,059    -    (255)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/14/27   10,598    -    43 
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  7/16/27   13,568    -    (1,495)
Goldman Sachs & Co. LLC  Invesco QQQ ETF  Equity Return  Daily SOFR + 0.485%  Monthly  7/19/27   3,623,698    -    61,507 
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/19/27   9,853    -    (50)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/20/27   9,574    -    (108)
Goldman Sachs & Co. LLC  American Water Works Company, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/23/27   212,120    -    548 
Goldman Sachs & Co. LLC  Equitable Holdings, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/23/27   304,365    -    (1,040)
Goldman Sachs & Co. LLC  Fox Corp.  Equity Return  Daily SOFR - 0.25%  Monthly  7/23/27   18,206    -    (1,109)
Goldman Sachs & Co. LLC  Invesco Solar ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/23/27   43,318    -    (3,091)
Goldman Sachs & Co. LLC  iShares MSCI Emerging Markets ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/23/27   669,378    -    (4,820)
Goldman Sachs & Co. LLC  Somnigroup International, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/23/27   74,771    -    3,604 
Goldman Sachs & Co. LLC  Skyworks Solutions, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/23/27   84,177    -    (2,689)
Goldman Sachs & Co. LLC  First Hawaiian, Inc.  Equity Return  Daily SOFR - 0.25%  Monthly  7/26/27   2,440,014    -    59,755 
Goldman Sachs & Co. LLC  First Trust NASDAQ Clean Edge Green Energy Index Fund  Daily SOFR + 0.485%  Equity Return  Monthly  7/26/27   82,824    -    (4,075)
Goldman Sachs & Co. LLC  iShares MSCI USA Momentum Factor ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/26/27   631,527    -    (31,353)
Goldman Sachs & Co. LLC  iShares Russell 2000 Value ETF  Daily SOFR + 0.485%  Equity Return  Monthly  7/26/27   370,018    -    1,547 
Goldman Sachs & Co. LLC  ON Semiconductor Corp.  Equity Return  Daily SOFR - 0.25%  Monthly  7/26/27   118,960    -    9,454 
Goldman Sachs & Co. LLC  The Brink's Company  Equity Return  Daily SOFR - 0.25%  Monthly  7/26/27   44,108    -    1,178 
Goldman Sachs & Co. LLC  Goldman Sachs Tactical Factor Suite Value World Top USD Excess Return Strategy2  0.40%  Basket Return  At Maturity  10/5/27   2,008,921    -    113,912 
TOTAL EQUITY SWAP CONTRACTS                        $3,007,066 

 

1This investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.
2The index constituents are available on the Fund's website.

 

SOFR – Secured Overnight Financing Rate

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

 

            Currency   Value At       Unrealized 
      Currency  Settlement  Amount   Settlement   Value At   Appreciation 
Purchase Contracts  Counterparty  Exchange  Date  Purchased   Date   July 31, 2026   (Depreciation) 
Canadian Dollar  Goldman Sachs  CAD per USD  8/19/2026  $9,275,194   $6,594,512   $6,621,838   $27,326 
Turkish Lira  Goldman Sachs  TRY per USD  8/19/2026   59,070,355    1,224,600    1,223,206    (1,394)
Australian Dollar  Goldman Sachs  AUD per USD  8/20/2026   8,451,487    5,918,019    5,944,356    26,337 
Brazilian Real  Goldman Sachs  BRL per USD  8/20/2026   6,205,490    1,207,881    1,217,598    9,717 
British Pound  Goldman Sachs  GBP per USD  8/20/2026   5,893,872    7,963,385    7,943,224    (20,161)
Czech Koruna  Goldman Sachs  CZK per USD  8/20/2026   25,678,055    1,213,779    1,222,806    9,027 
Euro  Goldman Sachs  EUR per USD  8/20/2026   704,646    805,520    813,228    7,708 
Japanese Yen  Goldman Sachs  JPY per USD  8/20/2026   151,339,374    930,379    952,711    22,332 
Mexican Peso  Goldman Sachs  MXN per USD  8/20/2026   21,172,272    1,211,917    1,220,320    8,403 
New Zealand Dollar  Goldman Sachs  NZD per USD  8/20/2026   297,616    174,259    175,423    1,164 
Norwegian Krone  Goldman Sachs  NOK per USD  8/20/2026   13,991,815    1,449,123    1,475,873    26,750 
Polish Zloty  Goldman Sachs  PLN per USD  8/20/2026   4,583,567    1,211,791    1,226,922    15,131 
Singapore Dollar  Goldman Sachs  SGD per USD  8/20/2026   1,557,423    1,209,900    1,216,170    6,270 
South African Rand  Goldman Sachs  ZAR per USD  8/20/2026   19,897,680    1,209,010    1,202,426    (6,584)
Swedish Krona  Goldman Sachs  SEK per USD  8/20/2026   15,329,060    1,584,738    1,611,572    26,834 
Swiss Franc  Goldman Sachs  CHF per USD  8/20/2026   7,422,631    9,172,798    9,201,753    28,955 
Hungarian Forint  Goldman Sachs  HUF per USD  8/24/2026   380,131,824    1,200,116    1,200,064    (52)
Qatari Riyal  Goldman Sachs  QAR per USD  12/28/2026   87,600,146    24,064,652    24,058,093    (6,559)
United Arab Emirates Dirham  Goldman Sachs  AED per USD  12/31/2026   88,154,774    24,017,757    24,008,256    (9,501)
                  92,364,136    92,535,839    171,703 

 

            Currency   Value At       Unrealized 
      Currency  Settlement  Amount   Settlement   Value At   Appreciation 
Sale Contracts  Counterparty  Exchange  Date  Sold   Date   July 31, 2026   (Depreciation) 
Canadian Dollar  Goldman Sachs  CAD per USD  8/19/2026  $(9,275,194)  $(6,623,274)  $(6,621,837)  $1,437 
Turkish Lira  Goldman Sachs  TRY per USD  8/19/2026   (59,070,355)   (1,224,183)   (1,223,206)   977 
Australian Dollar  Goldman Sachs  AUD per USD  8/20/2026   (8,451,487)   (5,910,412)   (5,944,356)   (33,944)
Brazilian Real  Goldman Sachs  BRL per USD  8/20/2026   (6,205,490)   (1,217,997)   (1,217,598)   399 
British Pound  Goldman Sachs  GBP per USD  8/20/2026   (5,893,872)   (7,888,957)   (7,943,224)   (54,267)
Czech Koruna  Goldman Sachs  CZK per USD  8/20/2026   (25,678,055)   (1,214,177)   (1,222,807)   (8,630)
Euro  Goldman Sachs  EUR per USD  8/20/2026   (704,646)   (807,950)   (813,228)   (5,278)
Japanese Yen  Goldman Sachs  JPY per USD  8/20/2026   (151,339,374)   (934,513)   (952,712)   (18,199)
Mexican Peso  Goldman Sachs  MXN per USD  8/20/2026   (21,172,272)   (1,214,444)   (1,220,320)   (5,876)
New Zealand Dollar  Goldman Sachs  NZD per USD  8/20/2026   (297,616)   (173,382)   (175,422)   (2,040)
Norwegian Krone  Goldman Sachs  NOK per USD  8/20/2026   (13,991,815)   (1,457,582)   (1,475,873)   (18,291)
Polish Zloty  Goldman Sachs  PLN per USD  8/20/2026   (4,583,567)   (1,208,864)   (1,226,922)   (18,058)
Singapore Dollar  Goldman Sachs  SGD per USD  8/20/2026   (1,557,423)   (1,208,691)   (1,216,170)   (7,479)
South African Rand  Goldman Sachs  ZAR per USD  8/20/2026   (19,897,680)   (1,208,083)   (1,202,426)   5,657 
Swedish Krona  Goldman Sachs  SEK per USD  8/20/2026   (15,329,060)   (1,593,627)   (1,611,572)   (17,945)
Swiss Franc  Goldman Sachs  CHF per USD  8/20/2026   (7,422,631)   (9,219,171)   (9,201,753)   17,418 
Hungarian Forint  Goldman Sachs  HUF per USD  8/24/2026   (380,131,824)   (1,194,135)   (1,200,064)   (5,929)
Israeli New Shekel  Goldman Sachs  ILS per USD  9/30/2026   (30,382,057)   (9,949,769)   (9,961,576)   (11,807)
Qatari Riyal  Goldman Sachs  QAR per USD  12/28/2026   (138,061,922)   (37,832,987)   (37,916,678)   (83,691)
United Arab Emirates Dirham  Goldman Sachs  AED per USD  12/31/2026   (138,988,801)   (37,834,435)   (37,852,501)   (18,066)
                  (129,916,633)   (130,200,245)   (283,612)
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS          $(37,552,497)  $(37,664,406)  $(111,909)

 

AED - United Arab Emirates Dirham

AUD – Australian Dollar

BRL – Brazilian Real

CAD – Canadian Dollar

CHF – Swiss Franc

CZK - Czech Koruna

EUR – Euro

GBP – British Pound

HUF - Hungarian Forint

ILS - Israeli New Shekel

JPY – Japanese Yen

MXN – Mexican Peso

NOK – Norwegian Krone

NZD – New Zealand Dollar

PLN - Polish Zloty

QAR - Qatari Riyal

SEK – Swedish Krona

SGD – Singapore Dollar

TRY - Turkish Lira

ZAR – South African Rand

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

FUTURES CONTRACTS

 

              Value/Unrealized 
   Expiration  Number of   Notional   Appreciation 
Long Contracts  Date  Contracts   Value   (Depreciation) 
Commodity Futures                  
CBOT Soybean Meal1  September 2026   11   $346,390   $(7,691)
CBOT Soybean Oil1  September 2026   17    686,052    (34,490)
CBOT Soybean Oil1  July 2027   68    2,705,040    (124,176)
CBOT Soybean1  September 2026   28    1,639,050    (40,279)
CBOT Wheat1  September 2026   17    543,362    (22,934)
CME Lean Hogs1  August 2026   9    355,860    (359)
CME Live Cattle1  August 2026   17    1,575,900    (28,958)
CMX Copper1  September 2026   1    161,638    2,660 
CMX Gold1  October 2026   6    2,445,960    5,323 
CMX Silver1  September 2026   4    1,155,720    (1,276)
ECX Emissions1  August 2026   20    1,857,242    (87,198)
ICE Brent Crude Oil1  October 2026   8    703,440    35,705 
ICE Brent Crude Oil1  December 2026   121    9,949,830    538,726 
ICE Low Sulphur Gas1  August 2026   13    1,715,025    445,359 
KCBT Hard Red Winter Wheat1  September 2026   6    212,250    21,041 
LME Lead1  August 2026   1    46,086    (724)
LME Lead1  November 2026   224    10,567,424    (43,083)
LME Lead1  May 2027   100    4,893,850    (12,446)
LME Primary Aluminum1  August 2026   27    2,155,727    19,599 
LME Primary Nickel1  August 2026   3    307,951    10,801 
LME Primary Nickel1  January 2027   61    6,380,928    163,476 
LME Zinc1  August 2026   44    4,077,315    187,915 
NYBOT Cocoa1  September 2026   4    215,880    26,755 
NYBOT Coffee 'C'1  September 2026   4    498,150    46,264 
NYBOT Sugar #111  October 2026   3    49,258    584 
NYMEX NY Harbor ULSD1  September 2026   2    344,022    6,992 
NYMEX RBOB Gasoline1  September 2026   9    1,177,168    (14,788)
                   
Index Futures                  
CBOE Volatility Index  August 2026   20    362,092    (24,361)
EURO Stoxx 50 (DIV)  December 2026   674    13,391,398    69,869 
EURO Stoxx 50 (DIV)  December 2027   1,249    26,904,197    1,045,079 
       2,771   $97,424,205   $2,183,385 

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

              Value/Unrealized 
   Expiration  Number of   Notional   Appreciation 
Short Contracts  Date  Contracts   Value   (Depreciation) 
Commodity Futures                  
CBOT Corn1  September 2026   (15)  $(330,563)  $3,605 
CBOT Soybean1  January 2027   (64)   (3,844,000)   (26,437)
CMX Gold1  September 2026   (1)   (406,240)   (1,092)
CMX Silver1  September 2027   (4)   (1,208,980)   (34,370)
ICE Brent Crude Oil1  December 2027   (129)   (9,527,940)   (52,092)
LME Lead1  August 2026   (8)   (368,688)   5,982 
LME Lead1  November 2026   (224)   (10,567,424)   (8,678)
LME Lead1  May 2027   (200)   (9,787,700)   2,308 
LME Primary Aluminum1  August 2026   (26)   (2,075,886)   (39,383)
LME Primary Nickel1  August 2026   (1)   (102,650)   (693)
LME Primary Nickel1  January 2027   (61)   (6,380,928)   (213,383)
LME Zinc1  August 2026   (33)   (3,057,986)   (69,168)
NYBOT Cotton #21  October 2026   (5)   (201,250)   (11,557)
NYBOT Sugar #111  March 2027   (149)   (2,591,646)   (26,769)
NYMEX Natural Gas1  September 2026   (6)   (164,820)   3,456 
NYMEX WTI Crude Oil1  September 2026   (16)   (1,354,720)   (102,357)
                   
Index Futures                  
CME E-Mini Russell 2000 Index  September 2026   (38)   (5,582,200)   55,625 
CME E-Mini S&P 500  September 2026   (15)   (5,639,438)   (14,357)
       (995)  $(63,193,059)  $(529,360)
                   
TOTAL FUTURES CONTRACTS          $34,231,146   $1,654,025 

 

1This investment is a holding of Manteio Cayman Multialternative Strategy Fund, Ltd.

 

 

Mast Multialternative Strategy Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of July 31, 2026 (Unaudited)

 

 

Affiliated Security  Shares Held as of October 31, 2025   Beginning Value October 31, 2025   Purchases at Cost   Proceeds from Sales   Net Realized Gain (Loss) on Sales Affiliated Investment   Accretion of Discount (Amortization of Premium) and Return of Capital   Change in Unrealized Appreciation (Depreciation)   Transfer In (Out)   Ending Value July 31, 2026   Ending Shares July 31, 2026   Income from Affiliated Investments 
Mast Managed Futures Strategy Fund - Class I   -   $-   $32,917,430   $-   $-   $-   $41,510   $-   $32,958,940    4,151,000   $- 
Total       $-   $32,917,430   $-   $-   $-   $41,510   $-   $32,958,940        $-