X0303 N-CEN LIVE 0001691167 XXXXXXXX 811-23216 false false false N-1A S000063703 C000206499 C000206500 S000063702 C000206497 C000206498 S000063706 C000206505 C000206506 S000056292 C000177448 C000177447 S000063704 C000206501 C000206502 FS Series Trust 811-23216 0001691167 549300SWBHM656UWP474 201 ROUSE BOULEVARD PHILADELPHIA 19112 US-PA US 215-495-1150 MidOcean Credit Fund Management LP 320 Park Avenue Suite 1600 New York 10022-6924 N-A Records related to its function as sub-advisor Wilshire Associates Incorporated 1299 Ocean Avenue Suite 700 Santa Monica 90401 N-A Records related to its function as sub-advisor State Street Bank and Trust Company 1 Lincoln Street Boston 02111 617-786-3000 Custody and Accounting Records. DST Systems, Inc. 430 W. 7th Street Kansas City 64105 816-435-1000 Applicable records related to its function as transfer agent. FS Fund Advisor, LLC 201 Rouse Boulevard Philadelphia 19112 N-A Records related to its function as investment adviser Chilton Investment Company, LLC 1290 East Main Street Stamford 06902 N-A Records related to its function as sub-advisor N N N-1A 5 Y David J. Adelman 005517785 Y James W. Brown 000000000 N Scott J. Tarte 000000000 N Phillip E. Hughes, Jr. 000000000 N Michael C. Forman 005517777 Y James F. Volk 002726098 201 Rouse Boulevard Philadelphia 19112 XXXXXX N N N N N N ALPS Distributors, Inc. 8-34626 000016853 0000000000 N N Ernst & Young LLP 42 00000000000000000000 N N N N N N FS Long/Short Equity Fund S000063703 549300II3IUPYTXGC256 N 2 0 0 N/A Y N Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N FS Fund Advisor, LLC 801-110117 000286673 549300ME14H321J45J66 N DST Systems, Inc. 84-00448 21B7QCD05XOK0YTYOP98 N N N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Bloomberg L.P. 549300B56MD0ZC402L06 N ICE Data Services, Inc. 13-3668779 Tax ID N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N DST Systems, Inc. 21B7QCD05XOK0YTYOP98 N N N FS Fund Advisor, LLC 549300ME14H321J45J66 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N FS Investment Solutions, LLC 8-67718 000145244 00000000000000000000 0.00000000 0.00000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 784788656.46000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 329337343.01000000 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 5231880.52000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 93508064.25000000 1212865944.24000000 N 18418626.11000000 N N N N FS Global Macro Fund S000063702 549300UCK8K9R130DH03 N 2 0 0 N/A Y Y N N/A N/A N/A Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Rule 12d1-1 (17 CFR 270.12d1-1) Y Y Y N FS Fund Advisor, LLC 801-110117 000286673 549300ME14H321J45J66 N MidOcean Credit Fund Management LP 801-70672 000151578 WROTH7SE57X63ERVSB14 N DST Systems, Inc. 84-00448 21B7QCD05XOK0YTYOP98 N N N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Bloomberg L.P. 549300B56MD0ZC402L06 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N ICE Data Services, Inc. 13-3668779 Tax ID N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N N Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y DST Systems, Inc. 21B7QCD05XOK0YTYOP98 N N N FS Fund Advisor, LLC 549300ME14H321J45J66 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N FS Investment Solutions, LLC 8-67718 000145244 00000000000000000000 0.00000000 0.00000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 35047404.46000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 16796309.81000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 3380209.02000000 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 11392230.24000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 1564215.15000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 652877.00000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 45643858.51000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 12722274.81000000 Deutsche Bank Securities Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 14601441.64000000 MarketAxess Corporation 8-50727 000044542 GPSMMRI21JE7ZCVYF972 905186.21000000 143741111.83000000 N 2782254.20000000 N N N N FS Real Asset Fund S000063706 549300SILDCVQKTCBW80 N 2 0 0 N/A Y Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N FS Fund Advisor, LLC 801-110117 000286673 549300ME14H321J45J66 N DST Systems, Inc. 84-00448 21B7QCD05XOK0YTYOP98 N N N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Bloomberg L.P. 549300B56MD0ZC402L06 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 13-3668779 Tax ID N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N DST Systems, Inc. 21B7QCD05XOK0YTYOP98 N N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y FS Fund Advisor, LLC 549300ME14H321J45J66 Y N N FS Investment Solutions, LLC 8-67718 000145244 00000000000000000000 0.00000000 0.00000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 398942.80000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 128689746.69000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 11386211.14000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 17143590.90000000 Citigroup Global Markets Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 1128123.12000000 158746614.65000000 N 2774746.56000000 N N N N FS Multi-Strategy Alternatives Fund S000056292 549300E0668BUMX3FG88 N 2 0 0 N/A Y Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 22d-1 (17 CFR 270.22d-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y N FS Fund Advisor, LLC 801-110117 000286673 549300ME14H321J45J66 N Wilshire Associates Incorporated 801-36233 000006210 5493006KQ33M42BQX139 N N MidOcean Credit Fund Management LP 801-70672 000151578 WROTH7SE57X63ERVSB14 N N Chilton Investment Company, LLC 801-62678 000120107 QB6ND4QUUIF2DWNYD688 N N DST Systems, Inc. 84-00448 21B7QCD05XOK0YTYOP98 N N N ICE Data Services, Inc. 13-3668779 Tax ID N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N Bloomberg L.P. 549300B56MD0ZC402L06 N N Royal Bank of Canada ES7IP3U3RHIGC71XBU11 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Deutsche Bank Aktiengesellschaft (Amsterdam, Noord Holland, NL, Branch) 7LTWFZYICNSX8D621K86 NL N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company (Edinburgh, GB, Branch) 571474TGEMMWANRLN572 GB N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Credit Suisse (Schweiz) AG 549300CWR0W0BCS9Q144 CH N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) State Street Bank International GmbH ZMHGNT7ZPKZ3UFZ8EO46 DE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) State Street Trust Company Canada 549300L71XG2CTQ2V827 CA N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Euroclear Bank 549300OZ46BRLZ8Y6F65 BE N Y Foreign securities depository - rule 17f-7 (17 CFR 270.17f-7) Skandinaviska Enskilda Banken AB (Oslo, Oslo, NO, Branch) F3JS33DEI6XQ4ZBPTN86 NO N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Intesa Sanpaolo SpA 2W8N8UU78PMDQKZENC08 IT N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Skandinaviska Enskilda Banken AB F3JS33DEI6XQ4ZBPTN86 SE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) Y DST Systems, Inc. 21B7QCD05XOK0YTYOP98 N N N FS Fund Advisor, LLC 549300ME14H321J45J66 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N FS Investment Solutions, LLC 8-67718 000145244 00000000000000000000 0.00000000 Jefferies LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 4453.88000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 5003.59000000 UBS Securities LLC 8-22651 000007654 T6FIZBDPKLYJKFCRVK44 8475.44000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 8045.64000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 38198.32000000 Pershing LLC 8-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 37586.88000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 35951.43000000 Oppenheimer & Co. Inc. 8-4077 000000249 254900VH02JQR2L8XD64 3849.92000000 National Financial Services LLC 8-26740 000013041 549300JRHF1MHHWUAW04 36084.72000000 RBC Capital Markets, LLC 8-45411 000031194 549300LCO2FLSSVFFR64 6754.40000000 197374.96000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 1098677498.62000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 990798415.47000000 SG Americas Securities, LLC 8-66125 000128351 549300F35UE0BOM1WJ55 247056712.76000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 989025720.66000000 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 2424934322.91000000 BofA Securities, Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 132362383.63000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 1417868550.59000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 179725581.63000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 917812442.10000000 Deutsche Bank Securities Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 1474982502.64000000 10122407803.30000000 N 171640530.81000000 N N N N FS Managed Futures Fund S000063704 549300Y9MMA8L9J2GN76 N 2 0 0 N/A Y Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Rule 22d-1 (17 CFR 270.22d-1) Y Y Y N FS Fund Advisor, LLC 801-110117 000286673 549300ME14H321J45J66 N DST Systems, Inc. 84-00448 21B7QCD05XOK0YTYOP98 N N N Bloomberg L.P. 549300B56MD0ZC402L06 N IHS Markit Ltd. 549300HLPTRASHS0E726 GB N Refinitiv US Holdings Inc. 549300NF240HXJO7N016 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N ICE Data Services, Inc. 13-3668779 Tax ID N N State Street Bank and Trust Company 571474TGEMMWANRLN572 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N DST Systems, Inc. 21B7QCD05XOK0YTYOP98 N N N FS Fund Advisor, LLC 549300ME14H321J45J66 Y N State Street Bank and Trust Company 571474TGEMMWANRLN572 N Y N FS Investment Solutions, LLC 8-67718 000145244 00000000000000000000 0.00000000 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 150.00000000 150.00000000 State Street Bank and Trust Company N/A 000000000 571474TGEMMWANRLN572 15003125.74000000 Deutsche Bank Securities Inc. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 12563462.65000000 BNP Paribas Securities Corp. 8-32682 000015794 RCNB6OTYUAMMP879YW96 13097026.14000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 3005271.33000000 Barclays Capital Inc. 8-41342 000019714 AC28XWWI3WIBK2824319 25483844.01000000 Nomura Securities International, Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 4802849.45000000 J.P. Morgan Securities LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 19309714.18000000 Goldman Sachs & Co. LLC 8-129 000000361 FOR8UP27PHTHYVLBNG30 15778696.60000000 109043990.10000000 N 2146516.63000000 N N N N true