Statements in this Semi-Annual Report that reflect projections or expectations of future financial or economic performance of
the Typhon Tactical Managed Futures Strategy Fund (the “Fund”) and of the market in general and statements of the Fund’s plans and objectives for future operations are forward-looking statements. No assurance can be given that actual
results or events will not differ materially from those projected, estimated, assumed or anticipated in any such forward-looking statements. Important factors that could result in such differences, in addition to the other factors noted
with such forward-looking statements, include, without limitation, general economic conditions such as inflation, recession and interest rates. Past performance is not a guarantee of future results.
An investor should consider the investment objectives, risks, charges and expenses of
the Fund carefully before investing. The prospectus contains this and other information about the Fund. A copy of the prospectus is available at https://fundinfopages.com/TYPHX or by calling The Nottingham Company at 800-773-3863. The
prospectus should be read carefully before investing.
|
Typhon Tactical Managed Futures Strategy Fund
|
||||||||||
Schedule of Investments (Unaudited)
|
||||||||||
As of June 30, 2023
|
||||||||||
|
|
|
Principal
|
|
Interest
Rate
|
|
Maturity
Date
|
|
Value
(Note 1)
|
|
Corporate Bonds - 20.44%
|
||||||||||
Industrials - 20.44%
|
||||||||||
American Airlines Trust 2016-1
|
$506,953
|
5.250%
|
7/15/2025
|
$494,279
|
||||||
Delta Airlines
|
443,861
|
4.250%
|
1/30/2025
|
443,861
|
||||||
938,140
|
|
|||||||||
Short-Term Investment - 33.92%
|
Shares
|
|||||||||
Goldman Sachs Financial Square Government Fund, 4.95%(a) (Cost $1,556,759)
|
1,556,759
|
1,556,759
|
||||||||
Investments, at Value (Cost $2,502,647) - 54.36%
|
2,494,899
|
|||||||||
Other Assets Less Liabilities - 45.64%
|
2,094,697
|
|
||||||||
Net Assets - 100.00%
|
$4,589,596
|
|
||||||||
(a)
|
Represents 7-day effective SEC yield as of June 30, 2023.
|
Typhon Tactical Managed Futures Strategy Fund
|
||||
Statement of Assets and Liabilities (Unaudited)
|
||||
As of June 30, 2023
|
395
|
|
||
Assets:
|
|
|||
Investments, at value
|
$ 2,494,899
|
|||
Cash
|
1,978,179
|
|||
Deposits with brokers for swaps
|
100,000
|
|||
Due from Advisor
|
25,583
|
|||
Interest receivable
|
27,283
|
|||
Prepaid insurance
|
1,056
|
|||
|
Total assets
|
4,627,000
|
|
|
Liabilities:
|
||||
Unrealized depreciation on swaps
|
13,965
|
|||
Accrued expenses:
|
||||
Professional fees
|
15,545
|
|||
Administration fees
|
924
|
|||
Transfer agent fees
|
188
|
|||
Fund accounting fees
|
175
|
|||
Operational expenses
|
6,150
|
|||
Other expenses
|
457
|
|||
|
Total liabilities
|
37,404
|
|
|
Total Net Assets
|
$ 4,589,596
|
|
||
Net Assets Consist of:
|
||||
Paid in capital
|
$ 11,780,304
|
|||
Accumulated deficit
|
(7,190,708
|
)
|
||
Total Net Assets
|
$ 4,589,596
|
|
||
Investments, at cost
|
$ 2,502,647
|
|||
Institutional Class Shares Outstanding, no par value
|
||||
(unlimited authorized shares)
|
626,351
|
|||
Net Asset Value, Per Share
|
$ 7.33
|
|
Typhon Tactical Managed Futures Strategy Fund
|
||||
Statement of Operations (Unaudited)
|
||||
For the period ended June 30, 2023
|
395
|
|||
Investment Income:
|
||||
Interest Income
|
$512,076
|
|
||
Expenses:
|
||||
Advisory fees (note 2)
|
158,708
|
|||
Registration and filing expenses
|
11,011
|
|||
Professional fees
|
40,515
|
|||
Administration fees (note 2)
|
19,304
|
|||
Fund accounting fees (note 2)
|
15,328
|
|||
Transfer agent fees (note 2)
|
13,053
|
|||
Shareholder fulfillment fees
|
5,250
|
|||
Custody fees
|
5,278
|
|||
Trustee fees and meeting expenses (note 3)
|
6,403
|
|||
Security pricing fees
|
2,812
|
|||
Compliance fees (note 2)
|
19,940
|
|||
Insurance fees
|
3,849
|
|||
Other expenses
|
2,217
|
|||
|
Total Expenses
|
303,668
|
|
|
Fees waived by Advisor (note 2)
|
(111,901
|
)
|
||
|
Net Expenses
|
191,767
|
|
|
Net Investment Income
|
320,309
|
|
||
Realized and Unrealized Gain (Loss) on Investments:
|
||||
Net realized loss from investment transactions
|
(267,299
|
)
|
||
Net realized loss from swap transactions
|
(3,287,579
|
)
|
||
Total realized loss
|
(3,554,878
|
)
|
||
Net change in unrealized appreciation on investments
|
131,543
|
|||
Net change in unrealized depreciation on swaps
|
(292,268
|
)
|
||
Total change in unrealized depreciation
|
(160,725
|
)
|
||
Net Realized and Unrealized Gain (Loss) on Investments
|
(3,715,603
|
)
|
||
Net Decrease in Net Assets Resulting from Operations
|
$ (3,395,294
|
)
|
Typhon Tactical Managed Futures Strategy Fund
|
|||||||
Statements of Changes in Net Assets (Unaudited)
|
|||||||
For the period ended June 30, 2023 and the fiscal year ended December 31, 2022
|
395
|
|
|
|
|
||
June 30, 2023
|
December 31, 2022
|
||||||
Operations:
|
|||||||
Net investment income
|
$320,309
|
$261,092
|
|||||
Net realized gain (loss) from investment transactions
|
(267,299
|
)
|
1,932
|
||||
Net realized loss from swap transactions
|
(3,287,579
|
)
|
(3,622,901
|
)
|
|||
Net change in unrealized appreciation (depreciation) on investments
|
131,543
|
(139,291
|
)
|
||||
Net change in unrealized appreciation (depreciation) on swaps
|
(292,268
|
)
|
278,366
|
||||
Net Decrease in Net Assets Resulting from Operations
|
(3,395,294
|
)
|
(3,220,802
|
)
|
|||
Distributions to Shareholders:
|
(324,788
|
)
|
(263,420
|
)
|
|||
Beneficial Interest Transactions:
|
|||||||
Shares sold
|
3,097,821
|
30,249,753
|
|||||
Redemption fee
|
1,697
|
1,792
|
|||||
Reinvested dividends and distributions
|
194,913
|
104,840
|
|||||
Shares repurchased
|
(21,006,547
|
)
|
(850,369
|
)
|
|||
Net Increase (Decrease) in Net Assets Resulting from Capital Share Transactions
|
(17,712,116
|
)
|
29,506,016
|
||||
Net Increase (Decrease) in Net Assets
|
(21,432,198
|
)
|
26,021,794
|
||||
Net Assets:
|
|||||||
Beginning of Period
|
26,021,794
|
-
|
|||||
|
End of Period
|
$4,589,596
|
$26,021,794
|
|
|||
Institutional Class:
|
|||||||
Shares sold
|
385,435
|
3,101,637
|
|||||
Reinvested dividends and distributions
|
26,014
|
12,248
|
|||||
Shares repurchased
|
(2,807,754
|
)
|
(91,229
|
)
|
|||
Net Increase (Decrease) in Capital Shares
|
(2,396,305
|
)
|
|
3,022,656
|
Typhon Tactical Managed Futures Strategy Fund
|
|||||
Financial Highlights
|
|||||
(For a share outstanding throughout each period)
|
Six Months Ended
|
Year Ended
|
|||
|
June 30, 2023(e)
|
December 31, 2022
|
|||
Net Asset Value, Beginning of Period
|
$ 8.61
|
|
|
$ 10.00
|
|
Income (Loss) from Investment Operations:
|
|||||
Net investment income (a)
|
0.12
|
0.11
|
|||
Net realized and unrealized gain (loss) on investments
|
(1.08)
|
(1.41)
|
|||
Total from Investment Operations
|
(0.96)
|
|
|
(1.30)
|
|
Less Distributions from Net Investment Income
|
(0.29)
|
|
|
(0.09)
|
|
Net Asset Value, End of Period (b)
|
$ 7.36
|
|
|
$ 8.61
|
|
Total Return (c)
|
(14.39)%
|
|
|
(13.02)%
|
|
Net Assets, End of Period (in thousands)
|
$ 2,525
|
$ 26,022
|
|||
Ratios of:
|
|||||
Gross Expenses to Average Net Assets (d)
|
2.78%
|
2.82%
|
|||
Net Expenses to Average Net Assets (d)
|
1.74%
|
1.74%
|
|||
Net Investment Income to Average Net Assets (d)
|
2.93%
|
1.76%
|
|||
Portfolio turnover rate (c)
|
37.08%
|
|
|
24.88%
|
|
(a)
|
Calculated using the average shares method.
|
||||
(b)
|
Includes adjustments in accordance with accounting principles generally accepted in the United States of America and, consequently, the net asset values for financial
reporting purposes and the returns based upon those net asset values may differ from the net asset values and returns for shareholder transactions.
|
||||
(c)
|
Not annualized
|
||||
(d)
|
Annualized
|
||||
(e)
|
Unaudited
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
1.
|
Organization and Significant Accounting Policies
|
Level 1: |
Unadjusted quoted prices in active markets for identical securities assets or liabilities that the funds have the ability to access.
|
Level 2: |
Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument
on an inactive market, prices for similar instruments, interest rates, credit spreads, yield curves, and market-collaborated input.
|
Level 3: |
Unobservable inputs for the asset or liability to the extent that observable inputs are not available, representing the assumptions that a market participant would use in
valuing the asset or liability at the measurement date; they would be based on the best information available, which may include the funds’ own data.
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
|
Total
|
|
Level 1
|
|
Level 2
|
|
Level 3(a)
|
Assets
|
|||||||
Corporate Bonds
|
$ 938,140
|
$ -
|
$938,140
|
$ -
|
|||
Short-Term Investment
|
1,556,759
|
1,556,759
|
-
|
-
|
|||
Total Assets
|
$ 2,494,899
|
$1,556,759
|
$938,140
|
$ -
|
|||
Liabilities
|
|||||||
Swaps
|
$ 13,965
|
$ -
|
$ 13,965
|
$ -
|
|||
|
|
|
|
|
|
|
|
(a)
|
The Fund did not hold any Level 3 securities during the year.
|
(b)
|
Amounts shown for swaps are unrealized depreciation as presented on the Statement of Assets and Liabilities
|
2.
|
Transactions with Related Parties and Service Providers
|
Sub-Advisor Allocated Assets
|
Fee Rate
|
$0 to $50 Million
|
0.10%
|
$50 to $100 Million
|
0.24%
|
Above $100 Million
|
0.30%
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
Administration Fees*
|
Custody Fees*
|
Fund
Accounting Fees
(minimum
monthly)
|
Fund
Accounting
Fees
(asset-
based fee)
|
Blue Sky
Administration
Fees (annual)
|
|||
Average Net Assets
|
Annual
Rate
|
Average Net Assets
|
Annual
Rate
|
||||
First $100 million
|
0.090%
|
First $200 million
|
0.020%
|
$2,250
|
0.01%
|
$150 per state
|
|
Next $100 million
|
0.080%
|
Over $200 million
|
0.009%
|
||||
Next $100 million
|
0.070%
|
||||||
Next $200 million
|
0.060%
|
*Minimum monthly fees of $2,000 and $417 for Administration and Custody, respectively.
|
|||||
Next $250 million
|
0.050%
|
||||||
Next $250 million
|
0.040%
|
||||||
Next $1 billion
|
0.035%
|
||||||
Over $2 billion
|
0.030%
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
3.
|
Trustees and Officers
|
4.
|
Distribution and Service Fees
|
5.
|
Purchases and Sales of Investment Securities
|
Purchases of Non-
U.S. Government
Securities
|
Proceeds from Sales
of Non-U.S.
Government Securities
|
Purchases of U.S.
Government
Securities
|
Proceeds from Sales
of U.S. Government
Securities
|
||||
$13,806,780
|
$32,418,686
|
-
|
-
|
6.
|
Risks Considerations
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
•
|
Swap Risk: The Fund’s use of swaps involves risks different from, or possibly greater than, the risks associated with
investing directly in securities and other traditional investments. These risks include (i) the risk that the counterparty to a derivative transaction may not fulfill its contractual obligations; (ii) risk of mispricing or improper
valuation; and (iii) the risk that changes in the value of the derivative may not correlate perfectly with the underlying asset. Derivative prices are highly volatile and may fluctuate substantially during a short period of time. Such
prices are influenced by numerous factors that affect the markets, including, but not limited to: changing supply and demand relationships; government programs and policies; national and international political and economic events,
changes in interest rates, inflation and deflation and changes in supply and demand relationships. Trading derivative instruments involves risks different from, or possibly greater than, the risks associated with investing directly in
securities. Derivative contracts ordinarily have leverage inherent in their terms. The low margin deposits normally required in trading derivatives, including futures contracts, permit a high degree of leverage. Accordingly, a relatively
small price movement may result in an immediate and substantial loss to the Fund. The use of leverage may also cause the Fund to liquidate portfolio positions when it would not be advantageous to do so in order to satisfy its obligations
or to meet collateral segregation requirements. The use of leveraged derivatives can magnify the Fund’s potential for loss and, therefore, amplify the effects of market volatility on the Fund’s share price.
The Fund is also subject to credit risk on the amount the Fund expects to receive from swap agreement counterparties. If a swap counterparty defaults on its payment obligations to the Fund, this default will cause the value of your
investment in the Fund to decrease.
|
•
|
Futures Risk: The use of futures involves risks different from, or possibly greater than, the risks
associated with investing directly in securities and other traditional investments. These risks include (i) leverage risk (ii) risk of mispricing or improper valuation; and (iii) the risk that changes in the value of the futures contract
may not correlate perfectly with the underlying index. Investments in futures involve leverage, which means a small percentage of assets invested in futures can have a disproportionately large impact on the Fund. This risk could cause
the Fund to lose more than the principal amount invested. Futures contracts may become mispriced or improperly valued when compared to the adviser’s expectation and may not produce the desired investment results. Additionally, changes
in the value of futures contracts may not track or correlate perfectly with the underlying index because of temporary, or even long-term, supply and demand imbalances and because futures do not pay dividends unlike the stocks upon which
they are based.
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
Typhon Tactical Managed Futures Strategy Fund
|
Consolidated Notes to Financial Statements
(Unaudited)
|
As of June 30, 2023
|
7.
|
Federal Income Tax
|
Cost of Investments
|
$ 2,504,047
|
|
Gross Unrealized Depreciation
|
(9,148)
|
|
8.
|
Commitments and Contingencies
|
9.
|
Subsequent Events
|
Typhon Tactical Managed Futures Strategy Fund
|
Additional Information (Unaudited)
|
As of June 30, 2023
|
1.
|
Proxy Voting Policies and Voting Record
|
2.
|
Quarterly Portfolio Holdings
|
3.
|
Tax Information
|
4.
|
Schedule of Shareholder Expenses
|
|
Beginning Value
1/1/2023 |
Ending Value
6/30/2023
|
Expense Paid
During Period*
|
Annualized
Expense Ratio*
|
Actual
|
$1,000.00
|
$ 856.10
|
$8.03
|
1.74%
|
Hypothetical
|
1,000.00
|
1,032.65
|
8.79
|
1.74%
|
For Shareholder Service Inquiries:
|
For Investment Advisor Inquiries:
|
Nottingham Shareholder Services
116 South Franklin Street
Post Office Box 69
Rocky Mount, North Carolina 27802-0069
|
SkyRock Investment Management, LLC
4801 Glenwood Avenue, Suite 200
Raleigh, North Carolina 27612
|
Telephone:
|
Telephone: |
800-773-3863
|
800-773-3863 |
World Wide Web @: |
World Wide Web @: |
ncfunds.com
|
ncfunds.com
|
Item 2. |
Code of Ethics. |
Item 3. |
Audit Committee Financial Expert. |
Item 4. |
Principal Accountant Fees and Services. |
Item 5. |
Audit Committee of Listed Registrants. |
Item 6. |
Schedule of Investments. |
Item 7. |
Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies. |
Item 8. |
Portfolio Managers of Closed-End Management Investment Companies. |
Item 9. |
Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers. |
Item 10. |
Submission of Matters to a Vote of Security Holders. |
Item 11. |
Controls and Procedures. |
(a) |
The President and Principal Executive Officer and the Treasurer and Principal Financial Officer have concluded that the registrant’s disclosure controls and procedures (as defined in
Rule 30a-3(c) under the Investment Company Act of 1940) are effective based on their evaluation of these disclosure controls and procedures required by Rule 30a-3(b) under the Investment Company Act of 1940 and Rules 13a-15(b) or 15d-15(b)
under the Exchange Act of 1934, as of a date within 90 days of the filing of this report.
|
(b) |
There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) that occurred during the
period covered by this report that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.
|
Item 12. |
Disclosure of Securities Lending Activities for Closed-End Management Investment Companies. |
Item 13. |
Exhibits. |
(a)(1) |
Not applicable.
|
(a)(2) |
(b) |
Starboard Investment Trust
|
|||
By:
|
/s/ Katherine M. Honey
|
||
Katherine M. Honey
President and Principal Executive Officer
|
|||
Date: September 7, 2023
|
|||
By:
|
/s/ Katherine M. Honey
|
|
Katherine M. Honey
President and Principal Executive Officer
|
||
Date:
|
September 7, 2023
|
|
By:
|
/s/ Peter McCabe
|
|
Peter McCabe
Treasurer, Principal Accounting Officer, and Principal Financial Officer
|
||
Date:
|
September 7, 2023
|
1. |
I have reviewed this report on Form N-CSR of the Typhon Tactical Managed Futures Strategy Fund, a series of the Starboard Investment Trust.
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by this report;
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
|
4. |
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of
1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c) |
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as
of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d) |
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant’s internal control over financial reporting; and
|
5. |
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent
functions):
|
(a) |
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability
to record, process, summarize, and report financial information; and
|
(b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
/s/ Katherine M. Honey
|
||
By:
|
Katherine M. Honey
President and Principal Executive Officer
|
|
Date:
|
September 7, 2023
|
1. |
I have reviewed this report on Form N-CSR of the Typhon Tactical Managed Futures Strategy Fund, a series of the Starboard Investment Trust.
|
2. |
Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under
which such statements were made, not misleading with respect to the period covered by this report;
|
3. |
Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;
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4. |
The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of
1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:
|
(a) |
Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the
registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
|
(b) |
Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
|
(c) |
Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as
of a date within 90 days prior to the filing date of this report based on such evaluation; and
|
(d) |
Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably
likely to materially affect, the registrant’s internal control over financial reporting; and
|
5. |
The registrant’s other certifying officer(s) and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent
functions):
|
(a) |
All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability
to record, process, summarize, and report financial information; and
|
(b) |
Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.
|
By:
|
/s/ Peter McCabe
|
|
Peter McCabe
Treasurer, Principal Financial Officer, and Principal Accounting Officer
|
||
Date:
|
September 7, 2023
|
(1) |
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
(2) |
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.
|
By:
|
/s/ Katherine M. Honey
|
|
Katherine M. Honey
President and Principal Executive Officer
|
||
Date:
|
September 7, 2023
|
(1) |
The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
|
(2) |
The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Fund.
|
By:
|
/s/ Peter McCabe
|
|
Peter McCabe
Treasurer, Principal Financial Officer,
and Principal Accounting Officer
|
||
Date:
|
September 7, 2023
|