EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2021

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 46.3%
		ALTERNATIVE - 5.1%
	15,207	iM DBi Managed Futures Strategy ETF	$	431,574
	65	IQ Merger Arbitrage ETF		2,101
				433,675
		COMMODITY - 8.9%
	166	Invesco DB Agriculture Fund(a)		3,214
	224	Invesco Optimum Yield Diversified Commodity Strategy No K-1 ETF		4,540
	144	iShares GSCI Commodity Dynamic		4,912
	22,110	iShares S&P GSCI Commodity Indexed Trust(a)		352,875
	1,566	ProShares UltraShort Bloomberg Crude Oil(a)		26,199
	267	SPDR Gold Shares(a),(b)		44,189
	6,398	United States Commodity Index Fund(a)		259,183
	3,851	United States Natural Gas Fund, L.P.(a)		58,073
				753,185
		EQUITY - 10.2%
	9	CI Active Utility & Infrastructure ETF		93
	1,442	Core Alternative ETF		42,339
	197	Direxion NASDAQ-100 Equal Weighted Index Shares		16,922
	486	First Trust Financial AlphaDEX Fund		21,899
	279	Global X MSCI Argentina ETF		8,113
	1,660	Invesco DWA Financial Momentum ETF		90,752
	946	Invesco KBW High Dividend Yield Financial ETF		18,977
	1,792	Invesco S&P 500 Equal Weight ETF		275,234
	181	iShares Exponential Technologies ETF		11,729
	130	iShares Latin America 40 ETF		3,093
	637	iShares Mortgage Real Estate ETF		22,505
	945	iShares MSCI All Country Asia ex Japan ETF		78,709
	170	iShares MSCI Brazil ETF		4,928
	398	iShares MSCI Chile ETF		10,069
	342	iShares MSCI Frontier and Select EM ETF		11,720
	2,535	iShares MSCI Global Multifactor ETF		94,936
	755	iShares MSCI Japan ETF		50,079
	1,111	iShares S&P/TSX Capped Materials Index ETF		15,269
	26	iShares S&P/TSX Global Gold Index ETF		364
	77	iShares STOXX Europe 600 Basic Resources UCITS ETF		4,864

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		EXCHANGE-TRADED FUNDS — 46.3% (Continued)
		EQUITY - 10.2% (Continued)
	1	SPDR EURO STOXX 50 ETF	$	45
	276	SPDR S&P Metals & Mining ETF		11,366
	282	VanEck Africa Index ETF		5,687
	862	VanEck Russia ETF		24,377
	652	Vanguard FTSE Emerging Markets ETF		32,072
				856,141
		FIXED INCOME - 18.1%
	787	Highland/iBoxx Senior Loan ETF		12,470
	17	iShares 20+ Year Treasury Bond ETF		2,577
	1,050	iShares 7-10 Year Treasury Bond ETF		121,590
	7,827	iShares Barclays USD Asia High Yield Bond Index ETF		68,017
	496	iShares Floating Rate Bond ETF		25,162
	2,594	iShares iBoxx High Yield Corporate Bond ETF		222,150
	1,931	iShares JPMorgan USD Emerging Markets Bond ETF		207,525
	1,482	iShares MBS ETF		159,419
	2,911	SPDR Bloomberg Barclays Euro High Yield Bond UCITS ETF		185,680
	80	SPDR Doubleline Total Return Tactical ETF		3,833
	998	VanEck Vectors Emerging Markets High Yield Bond ETF		22,196
	6,177	Vanguard Total International Bond ETF		353,509
	4,683	WisdomTree Emerging Markets Local Debt Fund		139,415
				1,523,543
		MIXED ALLOCATION - 3.5%
	5,140	iShares Morningstar Multi-Asset Income ETF		122,178
	1,308	SPDR SSgA Income Allocation ETF		45,828
	4,612	SPDR SSgA Multi-Asset Real Return ETF		131,442
				299,448
		SPECIALTY - 0.5%
	1,657	Invesco DB US Dollar Index Bullish Fund(a)		42,585
		TOTAL EXCHANGE-TRADED FUNDS (Cost $3,965,961)		3,908,577

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares									Fair Value
		EXCHANGE-TRADED NOTES — 0.3%
		COMMODITY - 0.1%
	94	iPath Series B Bloomberg Coffee Subindex Total Return ETN(a)							$	5,922
	85	iPath Series B Bloomberg Grains Subindex Total Return ETN(a)								5,422
										11,344
		SPECIALTY - 0.2%
	601	iPath Series B S&P 500 VIX Short-Term Futures ETN(a)								15,301
		TOTAL EXCHANGE-TRADED NOTES (Cost $25,085)								26,645
		OPEN END FUNDS — 31.0%
		ALTERNATIVE - 2.3%
	1,248	AQR Managed Futures Strategy Fund, Class I								9,638
	15,889	Easterly Hedged Equity Fund, Class R6								185,747
										195,385
		FIXED INCOME - 28.7%
	216,923	Easterly Structured Credit Value Fund, Class R6								2,418,693
		TOTAL OPEN END FUNDS (Cost $2,581,809)								2,614,078
Contracts(c)			Broker/Counterparty	Expiration Date	Exercise Price		Notional Value
		INDEX OPTIONS PURCHASED - 0.1%
		PUT OPTIONS PURCHASED - 0.1%
	3	S&P 500 INDEX	GS	12/01/2021	$	4,590	$	1,520,811		9,041
		TOTAL PUT OPTIONS PURCHASED (Cost - $2,063)
		TOTAL INDEX OPTIONS PURCHASED (Cost - $2,063)								9,041
		TOTAL INVESTMENTS - 77.7% (Cost $6,574,918)							$	6,558,341
		PUT OPTIONS WRITTEN - (0.1)% (Proceeds - $2,063)								(8,443	)
		OTHER ASSETS IN EXCESS OF LIABILITIES- 22.4%								1,893,636
		NET ASSETS - 100.0%							$	8,443,534

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Contracts(c)			Counterparty	Expiration Date	Exercise Price		Notional Value		Fair Value
		WRITTEN INDEX OPTIONS - (0.1)%
		PUT OPTIONS WRITTEN - (0.1)%
	3	S&P 500 INDEX	GS	12/01/2021	$	4,480	$	1,182,853	$	771
	4	S&P 500 INDEX	GS	12/01/2021		4,570		1,909,463		7,672
		TOTAL PUT OPTIONS WRITTEN (Proceeds - $2,063)								8,443
		TOTAL INDEX OPTIONS WRITTEN (Proceeds - $2,063)							$	8,443

ETF - Exchange-Traded Fund

LP - Limited Partnership

SPDR - Standard & Poor’s Depositary Receipt

GS - Goldman Sachs

^(a) Non-income producing security.

^(b) All or a portion of this investment is a holding of the James Alpha Cayman Commodity Fund I Ltd.

^(c) Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

Forward Currency Contracts

Settlement	Units to									US Dollar				Appreciation/
Date	Receive/Deliver				Counterparty	In Exchange For				Value				(Depreciation)
To Buy:
12/22/2021		299,538		EUR	Brown Brothers Harriman	$	338,891		USD	$	337,483			$	(1,408	)
													Total Unrealized:	$	(1,408	)
To Sell:
12/22/2021		(7,331	)	AUD	Brown Brothers Harriman	$	(5,335	)	USD	$	(5,200	)		$	135
12/22/2021		(18,472	)	CAD	Brown Brothers Harriman		(14,686	)	USD		(14,404	)			282
12/22/2021		(3,863	)	CHF	Brown Brothers Harriman		(4,158	)	USD		(4,179	)			(21	)
12/22/2021		(14,437	)	GBP	Brown Brothers Harriman		(19,433	)	USD		(19,111	)			322
12/22/2021		(44,531,122	)	JPY	Brown Brothers Harriman		(389,064	)	USD		(392,386	)			(3,322	)
12/22/2021		(1,312,422	)	MXN	Brown Brothers Harriman		(63,004	)	USD		(60,803	)			2,201
													Total Unrealized:	$	(403	)

Currency Abbreviations:

AUD - Australian Dollar

CAD - Canadian Dollar

CHF - Swiss Franc

EUR - Euro

GBP - British Pound

JPY - Japanese Yen

MXN - Mexican Peso

USD - U.S. Dollar

TOTAL RETURN SWAP - 8.5 %	Unrealized Gain
The Deutsche Bank Total Return Swap provides exposure to the daily, total returns of the James Alpha Index, a proprietary index of the London Branch of Deutsche Bank AG. The number of shares is 80,351, with a receivable rate of 0.39%. The James Alpha Index features a basket of commodity trading advisor (“CTA”) programs selected by James Alpha Advisors, LLC from an approved list of third-party managers offered through Deutsche Bank AG on its DB Select platform. The James Alpha Index comprises a diversified collection of strategy and style types, including trend following, short-term trading, discretionary, global macro, and sector specialists. According to the terms of the swap, James Alpha Advisors, LLC can modify the James Alpha Index as frequently as daily, on a T+1 basis, by adjusting the notional value of the James Alpha Index, or by adding, deleting, or re-weighting the constituent CTA programs. The swap became effective on December 7, 2016. The maturity date of the swap is December 9, 2022. (Notional Value $8,240,337)	$	719,683
	$	719,683
TOTAL RETURN SWAP - (0.0) %	Unrealized Loss
The Goldman Sachs i-Select III Series 88 Excess Return Strategy (“GS i-Select”) is a synthetic rules-based proprietary strategy created by Goldman Sachs International as strategy sponsor. The GS i-Select Index includes strategies of the GS Risk Premia Universe that were selected by James Alpha. The GS i-Select Index is actively managed by James Alpha. The Index features 15 Portfolio Constituents that James Alpha Advisors, LLC determines the daily weighting of each constituent within the GS i-Select Index. The GS i-Select Index is comprised a diversified collection of strategy and style types, including equity, interest rates, FX, commodities, and credit based strategies such as imbalance, volatility carry, carry, momentum, low beta, and quality. According to the terms of the GS i-Select Index, James Alpha Advisors, LLC can modify the GS i-Select Index as frequently as daily, by adjusting the notional value of the GS i-Select Index, or by adding, deleting, or re-weighting the constituent Indexes in the GS i-Select Index. The swap became effective on May 28, 2021, and has a maturity date of February 4, 2022. The number of shares is 25,578. (Notional Value $2,544,235)	$	(256	)
	$	(256	)
TOTAL RETURN SWAP - (0.0) %	Unrealized Loss
The Goldman Sachs Intraday Momentum ES Series 1 Excess Return Strategy (“GS Intraday Momentum”) aims to capture intraday trend risk premium on the S&P 500. There is empirical evidence that the returns in the earlier part of the day tend to continue in the same direction in the subsequent part of the day, across several markets, including equities. The strategy attempts to monetize this historical tendency for intraday trends from the previous close to extend unto the following close: 1) Every day after the open, the strategy buys futures if markets are rising since the previous close; conversely, it sells futures if markets are falling since previous close. 2) The strategy monitors market moves every 30-minutes to reactively modify its positioning if a new trend appears. 3) All positions are exited at the close. The swap became effective on May 3, 2021, and has a maturity date of February 1, 2022. The number of shares is 1,766. (Notional Value $201,270)	$	(774	)
	$	(774	)
TOTAL RETURN SWAP - 0.0 %	Unrealized Gain
The Goldman Sachs Long Gamma US Series 10 Excess Return Strategy (“GS Long Gamma”) attempts to provide protection in tail scenarios through a levered position in delta-hedged put options. The strategy buys 12m 10-delta S&P Put options and delta-hedges them to attempt to neutralize the inherent short market exposure in typical markets. The strategy takes a long position in volatility and is best-positioned for left-tail events with very high realized volatility. The swap became effective on May 3, 2021, and has a maturity date of February 1, 2022. The number of shares is 1,521. (Notional Value $213,894)	$	3,590
	$	3,590
TOTAL RETURN SWAP - (0.0) %	Unrealized Loss
The Goldman Sachs Calls-vs-Calls US Series 2 Total Return Strategy (“GS Calls vs Calls”) is designed to extract dislocated call premiums from S&P 500 constituents; the strategy sells call options on a daily basis across top 100 constituents of the SPX where the term structure is most inverted. The stocks are picked with constraints on leverage, beta towards SPX and tracking error. The strategy also purchases an ATM call option on SPX to mitigate market risk. The swap became effective on May 28, 2021, and has a maturity date of February 1, 2022. The number of shares is 1,641. (Notional Value $199,553)	$	(2,955	)
	$	(2,955	)
TOTAL RETURN SWAP - 0.1 %	Unrealized Gain
The Goldman Sachs Systematic Skew US Series 1D Total Return Strategy (“GS Systematic Skew”) is designed to capture the spot-volatility covariance risk premium in equity markets, while minimizing exposure to volatility risk. The strategy sells 3m 15d puts and buys 3m 40d calls (delta and gamma hedged) that target a constant exposure to skew, with performance driven by Vanna. The strategy also buys 5d tail puts for added risk management. The swap became effective on May 28, 2021, and has a maturity date of February 1, 2022. The number of shares is 1,502. (Notional Value $206,874)	$	6,051
	$	6,051

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

James Alpha Index Swap Top 50 Holdings
FUTURES CONTRACTS
											Percentage of
								Unrealized			Total Return
Number of				Notional Value at				Appreciation /			Swap Unrealized
Contracts		Open Long Future Contracts	Counterparty	November 30, 2021		Expiration		(Depreciation)			Gain/(Loss)
	7	3 month Euro (EURIBOR)	Deutsche Bank	$	1,883,390		12/18/2023	$	(2,734	)		(0.38	)%
	1	10 year Italian Bond	Deutsche Bank		244,653		12/8/2021		3,706			0.51	%
	1	10 year Japanese Government Bond	Deutsche Bank		1,164,661		12/13/2021		1,136			0.16	%
	2	30 year US Treasury Bonds	Deutsche Bank		380,132		3/22/2022		3,185			0.44	%
	1	DAX Index Future	Deutsche Bank		375,907		12/17/2021		(438	)		(0.06	)%
	68	DJ EURO STOXX Banks Future	Deutsche Bank		362,295		12/17/2021		(3,596	)		(0.50	)%
	3	E-Mini Nasdaq-100	Deutsche Bank		952,236		12/17/2021		5,532			0.77	%
	7	EURO STOXX 50 Index Future	Deutsche Bank		315,359		12/17/2021		(9,941	)		(1.38	)%
	3	Euro-BUND	Deutsche Bank		534,848		12/8/2021		1,230			0.17	%
	3	FTSE 100 Index Future	Deutsche Bank		275,038		12/17/2021		(1,183	)		(0.16	)%
	1	S&P Canada 60 Index Future	Deutsche Bank		276,130		12/16/2021		2,857			0.40	%
	7	S&P CNX Nifty Index Future	Deutsche Bank		231,342		12/30/2021		(6,141	)		(0.85	)%
	1	Ultra Long-Term T Bond	Deutsche Bank		271,057		3/22/2022		9,596			1.33	%
								$	3,209

												Percentage of
									Unrealized			Total Return
Number of					Notional Value at				Appreciation /			Swap Unrealized
Contracts			Open Short Future Contracts	Counterparty	November 30, 2021		Expiration		(Depreciation)			Gain/(Loss)
	(14	)	2 year Euro-Schatz	Deutsche Bank		1,790,878		12/8/2021	$	(6,684	)		(0.93	)%
	(2	)	2 year Euro-Schatz	Deutsche Bank		292,532		3/8/2022		89			0.01	%
	(2	)	2 year US Treasury Notes	Deutsche Bank		395,902		3/31/2022		(326	)		(0.05	)%
	(2	)	3 Month SONIA Index Futures	Deutsche Bank		747,591		12/19/2023		(192	)		(0.03	)%
	(2	)	3 month Sterling	Deutsche Bank		353,523		9/20/2023		(352	)		(0.05	)%
	(2	)	3 month Sterling	Deutsche Bank		353,881		9/18/2024		(728	)		(0.10	)%
	(16	)	3 year Australian Treasury Bond	Deutsche Bank		1,301,084		12/15/2021		14,274			1.98	%
	(7	)	5 year US Treasury Notes	Deutsche Bank		864,788		3/31/2022		(1,619	)		(0.22	)%
	(5	)	10 year US Treasury Notes	Deutsche Bank		668,884		3/22/2022		(1,048	)		(0.15	)%
	(4	)	AUD/USD	Deutsche Bank		252,998		12/13/2021		2,992			0.42	%
	(4	)	CAD/USD	Deutsche Bank		329,763		12/14/2021		2,110			0.29	%
	(6	)	EUR/USD	Deutsche Bank		913,722		12/13/2021		5,567			0.77	%
	(1	)	Eurodollar	Deutsche Bank		299,679		9/19/2022		(349	)		(0.05	)%
	(3	)	Eurodollar	Deutsche Bank		648,097		9/18/2023		(1,408	)		(0.20	)%
	(1	)	Eurodollar	Deutsche Bank		300,216		3/18/2024		(283	)		(0.04	)%
	(3	)	Eurodollar	Deutsche Bank		796,730		6/17/2024		2,827			0.39	%
	(1	)	Eurodollar	Deutsche Bank		317,627		9/16/2024		(622	)		(0.09	)%
	(5	)	GBP/USD	Deutsche Bank		391,756		12/13/2021		5,574			0.77	%
	(2	)	Hang Seng Index	Deutsche Bank		254,535		12/30/2021		3,412			0.47	%
	(6	)	JPY/USD	Deutsche Bank		670,005		12/13/2021		(30	)		(0.00	)%
	(2	)	Long Gilt Future	Deutsche Bank		330,194		3/29/2022		(244	)		(0.03	)%
									$	22,960
			TOTAL FUTURES CONTRACTS						$	26,169

PURCHASED CALL OPTIONS
										Percentage of
										Total Return
		Notional Value at						Unrealized		Swap Unrealized
Description	Counterparty	November 30, 2021		Expiration		Strike Price		Appreciation		Gain
JPY/CAD	Deutsche Bank	$	979,389		12/1/2021	$	95.00	$	—		0.00	%
JPY/USD	Deutsche Bank		391,756		12/9/2021		112.00		6,050		0.84	%
JPY/USD	Deutsche Bank		489,695		12/13/2021		116.75		111		0.02	%
USD/EUR	Deutsche Bank		391,756		12/6/2021		1.22		—		0.00	%
USD/EUR	Deutsche Bank		734,542		1/3/2022		1.21		32		0.00	%
USD/EUR	Deutsche Bank		391,756		1/6/2022		1.19		88		0.01	%
USD/EUR	Deutsche Bank		293,817		1/19/2022		1.24		10		0.00	%
TOTAL PURCHASED PUT OPTIONS									6,291

WRITTEN CALL OPTIONS
											Percentage of
											Total Return
		Notional Value at						Unrealized			Swap Unrealized
Description	Counterparty	November 30, 2021		Expiration		Strike Price		Depreciation			Gain
JPY/USD	Deutsche Bank		783,511		12/9/2021	$	114.00	$	(2,877	)		(0.40	)%
JPY/USD	Deutsche Bank		391,756		12/9/2021		114.00		(1,547	)		(0.21	)%
USD/GBP	Deutsche Bank		246,806		1/3/2022		1.41		(9	)		0.00	%
									(4,433	)

FORWARD CURRENCY CONTRACTS +

												Unrealized			Percentage of
Settlement	Units to									US Dollar		Appreciation /			Total Return Swap
Date	Receive/Deliver				Counterparty	In Exchange For				Value		(Depreciation)			Unrealized Gain
To Buy:
12/7/2021		(298,707	)	CHF	Deutsche Bank	$	325,149		USD	$	326,298	$	1,150			0.16	%
12/7/2021		(325,957	)	USD	Deutsche Bank		435,582		AUD		418,849		(16,733	)		(2.33	)%
To Sell:
12/2/2021		594,387		CHF	Deutsche Bank		(645,427	)	USD		644,627		(800	)		(0.11	)%
12/2/2021		92,159,823		JPY	Deutsche Bank		(815,588	)	USD		811,785		(3,804	)		(0.53	)%
12/7/2021		24,692,364		JPY	Deutsche Bank		(217,808	)	USD		217,529		(279	)		(0.04	)%
12/7/2021		4,868,426		MXN	Deutsche Bank		(239,450	)	USD		226,384		(13,066	)		(1.82	)%
TOTAL FORWARD CURRENCY CONTRACTS													(33,532	)

+ Foreign currency transactions are done by notional and not by contracts

Currency Abbreviations:

AUD - Australian Dollar

CHF - Swiss Franc

EUR - Euro

MXN - Mexican Peso

USD - U.S. Dollar

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

Goldman Sachs i-Select III Series 88 Excess Return Strategy Top 50 Holdings
FUTURES CONTRACTS *
Number of			Notional Value at
Contracts	Open Long Future Contracts	Counterparty	November 30, 2021		Expiration
1	CBOT 2 Year US Treasury Note Future	Goldman Sachs	$	173,145		3/31/2022
1	CBOT 5 Year US Treasury Note Future	Goldman Sachs		145,790		3/31/2022
1	CBOT Corn Future	Goldman Sachs		39,612		5/13/2022
1	CBOT Soybean Future	Goldman Sachs		67,708		5/13/2022
0	CBOT US Long Bond Future	Goldman Sachs		46,813		3/22/2022
1	CBOT Wheat Future	Goldman Sachs		59,502		5/13/2022
2	CME E-Mini NASDAQ 100 Index Future	Goldman Sachs		37,034		12/17/2021
8	CME E-Mini Standard & Poor’s 500 Index Future	Goldman Sachs		35,960		12/17/2021
1	Eurex 2 Year Euro SCHATZ Future	Goldman Sachs		76,792		12/8/2021
1	Eurex 5 Year Euro BOBL Future	Goldman Sachs		137,074		12/8/2021
0	Eurex 5 Year Euro BOBL Future	Goldman Sachs		35,031		3/8/2022
3	Eurex Swiss Market New Index Future	Goldman Sachs		34,702		12/17/2021
41	Euronext Amsterdam Index Future	Goldman Sachs		35,999		12/17/2021
1	Euro-Schatz Future	Goldman Sachs		153,524		3/8/2022
0	LME Copper Future	Goldman Sachs		32,288		2/14/2022
0	LME Nickel Future	Goldman Sachs		29,785		1/17/2022
0	LME Nickel Future	Goldman Sachs		36,325		2/14/2022
37	Montreal Exchange S&P/TSX 60 Index Future	Goldman Sachs		35,722		12/17/2021
2	NYBOT CSC Number 11 World Sugar Future	Goldman Sachs		31,189		4/29/2022
1	NYBOT CTN Number 2 Cotton Future	Goldman Sachs		29,259		5/6/2022
0	TSE Japanese 10 Year Bond Future	Goldman Sachs		85,475		12/9/2021

Number of			Notional Value at
Contracts	Open Short Future Contracts	Counterparty	November 30, 2021		Expiration
1	3 Month Euro Euribor Future	Goldman Sachs		233,371		3/14/2022
1	3 Month Euro Euribor Future	Goldman Sachs		233,327		6/13/2022
1	3 Month Euro Euribor Future	Goldman Sachs		233,302		9/19/2022
1	3 Month Euro Euribor Future	Goldman Sachs		233,233		12/19/2022
1	3 Month Euro Euribor Future	Goldman Sachs		233,171		3/13/2023
2	90 Day Sterling Future	Goldman Sachs		295,235		3/16/2022
2	90 Day Sterling Future	Goldman Sachs		294,941		6/15/2022
2	90 Day Sterling Future	Goldman Sachs		294,784		9/21/2022
2	90 Day Sterling Future	Goldman Sachs		294,661		12/21/2022
2	90 Day Sterling Future	Goldman Sachs		294,541		3/15/2023
1	CBOT 5 Year US Treasury Note Future	Goldman Sachs		64,377		3/31/2022
1	CBOT Corn Future	Goldman Sachs		38,286		3/14/2022
0	CBOT Soybean Future	Goldman Sachs		29,051		1/14/2022
1	CBOT Soybean Future	Goldman Sachs		35,776		3/14/2022
0	CBOT US Long Bond Future	Goldman Sachs		32,007		3/22/2022
1	CBOT Wheat Future	Goldman Sachs		54,475		3/14/2022
0	Eurex 10 Year Euro BUND Future	Goldman Sachs		69,335		12/8/2021
0	LME Copper Future	Goldman Sachs		32,686		5/16/2022
0	LME Nickel Future	Goldman Sachs		30,228		4/14/2022
0	LME Nickel Future	Goldman Sachs		36,846		5/16/2022
0	Montreal Exchange 10 Year Canadian Bond Future	Goldman Sachs		44,581		3/22/2022
1	SFE 10 Year Australian Bond Future	Goldman Sachs		73,335		12/15/2021

EQUITY FORWARDS

Number of			Notional Value at
Contracts	Open Short Equity Forwards	Counterparty	November 30, 2021		Expiration		Value
301	Apple, Inc.	Goldman Sachs		49,799		1/21/2022		(153	)
125	Microsoft Corporation	Goldman Sachs		41,632		1/21/2022		(137	)
10	S&P 500 Index	Goldman Sachs		44,416		12/3/2021		(151	)
								(441	)

Written Put Options

Number of			Notional Value at
Contracts	Open Put Options	Counterparty	November 30, 2021		Expiration		Value
(32)	S&P 500 Index	Goldman Sachs		147,803		12/3/2021		(206	)
(78)	S&P 500 Index	Goldman Sachs		357,851		12/3/2021		(306	)
(79)	S&P 500 Index	Goldman Sachs		362,408		12/3/2021		(238	)
								(750	)

CREDIT DEFAULT SWAP

Number of			Notional Value at
Contracts	Open Credit Default Swap	Counterparty	November 30, 2021		Expiration		Value
83,419	Markit CDX North America Investment Grade Index	Goldman Sachs		83,419		12/20/2026	$	(1,879	)

* The GS i-Select invests in 15 Portfolio Constituents which do not trade individual futures, therefore the Futures do not have any individual unrealized gains/losses.

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

Goldman Sachs Intraday Momentum ES Series 1 Excess Return Strategy Top 50 Holdings

NO OPEN POSITIONS

Goldman Sachs Long Gamma US Series 10 Total Return Strategy Top 50 Holdings

EQUITY FORWARDS

Number of			Notional Value at				Exercise
Contracts	Open Short Equity Forwards	Counterparty	November 30, 2021		Expiration		Price		Value
5	S&P 500 Index	Goldman Sachs	$	21,601		3/18/2022	$	4,660		(478	)
4	S&P 500 Index	Goldman Sachs		16,266		4/14/2022		4,660		(367	)
4	S&P 500 Index	Goldman Sachs		17,408		5/20/2022		4,660		(407	)
6	S&P 500 Index	Goldman Sachs		28,191		6/17/2022		4,650		(617	)
3	S&P 500 Index	Goldman Sachs		12,814		8/19/2022		4,650		(291	)
5	S&P 500 Index	Goldman Sachs		22,443		9/16/2022		4,650		(521	)
3	S&P 500 Index	Goldman Sachs		13,423		10/21/2022		4,650		(315	)
3	S&P 500 Index	Goldman Sachs		12,187		11/18/2022		4,650		(291	)
6	S&P 500 Index	Goldman Sachs		29,326		12/16/2022		4,650		(715	)
										(4,002	)

PURCHASED PUT OPTIONS
Number of			Notional Value at				Exercise
Contracts	Open Put Options	Counterparty	November 30, 2021		Expiration		Price		Value
3	S&P 500 Index	Goldman Sachs	$	15,804		12/17/2021	$	2,825	$	3
6	S&P 500 Index	Goldman Sachs		26,792		12/17/2021		2,800		5
3	S&P 500 Index	Goldman Sachs		13,296		12/17/2021		2,700		2
3	S&P 500 Index	Goldman Sachs		13,007		12/17/2021		2,675		2
4	S&P 500 Index	Goldman Sachs		18,665		12/17/2021		2,575		2
4	S&P 500 Index	Goldman Sachs		20,031		12/17/2021		2,550		2
6	S&P 500 Index	Goldman Sachs		28,240		12/17/2021		2,525		3
4	S&P 500 Index	Goldman Sachs		19,882		12/17/2021		2,500		2
5	S&P 500 Index	Goldman Sachs		20,829		12/17/2021		2,450		2
3	S&P 500 Index	Goldman Sachs		14,315		12/17/2021		2,425		1
5	S&P 500 Index	Goldman Sachs		21,558		12/17/2021		2,250		1
4	S&P 500 Index	Goldman Sachs		17,993		12/17/2021		2,200		1
5	S&P 500 Index	Goldman Sachs		22,703		12/17/2021		2,175		1
5	S&P 500 Index	Goldman Sachs		23,767		12/17/2021		2,150		1
6	S&P 500 Index	Goldman Sachs		29,473		12/17/2021		2,125		1
3	S&P 500 Index	Goldman Sachs		15,232		12/17/2021		2,100		1
3	S&P 500 Index	Goldman Sachs		12,036		12/17/2021		2,075		1
3	S&P 500 Index	Goldman Sachs		14,035		12/17/2021		1,800		—
3	S&P 500 Index	Goldman Sachs		12,591		12/17/2021		1,775		—
3	S&P 500 Index	Goldman Sachs		13,830		3/18/2022		2,925		55
3	S&P 500 Index	Goldman Sachs		13,639		3/18/2022		2,875		51
3	S&P 500 Index	Goldman Sachs		12,055		3/18/2022		2,775		40
4	S&P 500 Index	Goldman Sachs		17,187		3/18/2022		2,600		45
3	S&P 500 Index	Goldman Sachs		12,778		3/18/2022		2,550		31
4	S&P 500 Index	Goldman Sachs		16,376		3/18/2022		2,500		38
3	S&P 500 Index	Goldman Sachs		12,961		3/18/2022		2,250		21
6	S&P 500 Index	Goldman Sachs		27,429		3/18/2022		2,150		39
4	S&P 500 Index	Goldman Sachs		20,380		3/18/2022		2,100		26
4	S&P 500 Index	Goldman Sachs		19,629		3/18/2022		2,050		24
4	S&P 500 Index	Goldman Sachs		17,983		4/14/2022		2,500		54
3	S&P 500 Index	Goldman Sachs		12,341		6/17/2022		2,550		63
3	S&P 500 Index	Goldman Sachs		15,020		6/17/2022		2,500		72
3	S&P 500 Index	Goldman Sachs		13,064		6/17/2022		2,050		34
4	S&P 500 Index	Goldman Sachs		17,622		7/15/2022		2,600		112
3	S&P 500 Index	Goldman Sachs		12,757		8/19/2022		2,650		102
3	S&P 500 Index	Goldman Sachs		12,038		8/19/2022		2,600		91
3	S&P 500 Index	Goldman Sachs		13,829		9/16/2022		2,600		117
4	S&P 500 Index	Goldman Sachs		16,420		9/16/2022		2,550		130
4	S&P 500 Index	Goldman Sachs		16,274		9/16/2022		2,500		121
3	S&P 500 Index	Goldman Sachs		12,270		10/21/2022		2,500		102
3	S&P 500 Index	Goldman Sachs		12,386		11/18/2022		2,750		153
										1,552

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

Goldman Sachs Calls-vs-Calls US Series 2 Total Return Strategy Top 50 Holdings
PURCHASED CALL OPTIONS
Number of			Notional Value at				Exercise
Contracts	Open Call Options Purchased	Counterparty	November 30, 2021		Expiration		Price		Value
1	S&P 500 Index	Goldman Sachs	$	4,206		1/21/2022	$	4,360	$	268
1	S&P 500 Index	Goldman Sachs		6,350		1/21/2022		4,370		393
1	S&P 500 Index	Goldman Sachs		3,745		1/21/2022		4,555		121
1	S&P 500 Index	Goldman Sachs		5,768		1/21/2022		4,605		146
1	S&P 500 Index	Goldman Sachs		6,201		1/21/2022		4,665		111
2	S&P 500 Index	Goldman Sachs		8,624		1/21/2022		4,690		130
1	S&P 500 Index	Goldman Sachs		6,802		1/21/2022		4,700		96
2	S&P 500 Index	Goldman Sachs		8,138		1/21/2022		4,705		110
2	S&P 500 Index	Goldman Sachs		8,318		1/21/2022		4,710		109
1	S&P 500 Index	Goldman Sachs		3,146		2/18/2022		4,610		100
1	S&P 500 Index	Goldman Sachs		3,364		2/18/2022		4,665		84
1	S&P 500 Index	Goldman Sachs		6,125		2/18/2022		4,690		134
1	S&P 500 Index	Goldman Sachs		3,313		2/18/2022		4,700		69
1	S&P 500 Index	Goldman Sachs		4,722		2/18/2022		4,705		96
1	S&P 500 Index	Goldman Sachs		4,433		2/18/2022		4,710		87
1	S&P 500 Index	Goldman Sachs		5,981		12/17/2021		4,350		327
2	S&P 500 Index	Goldman Sachs		8,165		12/17/2021		4,360		431
2	S&P 500 Index	Goldman Sachs		11,008		12/17/2021		4,365		571
1	S&P 500 Index	Goldman Sachs		5,315		12/17/2021		4,400		242
1	S&P 500 Index	Goldman Sachs		4,732		12/17/2021		4,435		186
1	S&P 500 Index	Goldman Sachs		4,513		12/17/2021		4,450		166
1	S&P 500 Index	Goldman Sachs		5,271		12/17/2021		4,470		176
1	S&P 500 Index	Goldman Sachs		5,209		12/17/2021		4,485		161
1	S&P 500 Index	Goldman Sachs		3,375		12/17/2021		4,515		88
1	S&P 500 Index	Goldman Sachs		3,375		12/17/2021		4,525		83
1	S&P 500 Index	Goldman Sachs		3,662		12/17/2021		4,535		85
1	S&P 500 Index	Goldman Sachs		6,663		12/17/2021		4,540		149
1	S&P 500 Index	Goldman Sachs		3,945		12/17/2021		4,545		86
1	S&P 500 Index	Goldman Sachs		5,121		12/17/2021		4,550		107
1	S&P 500 Index	Goldman Sachs		4,520		12/17/2021		4,565		85
1	S&P 500 Index	Goldman Sachs		4,778		12/17/2021		4,570		87
3	S&P 500 Index	Goldman Sachs		14,871		12/17/2021		4,595		220
1	S&P 500 Index	Goldman Sachs		5,653		12/17/2021		4,605		77
1	S&P 500 Index	Goldman Sachs		5,968		12/17/2021		4,610		77
1	S&P 500 Index	Goldman Sachs		6,240		12/17/2021		4,625		70
4	S&P 500 Index	Goldman Sachs		16,035		12/17/2021		4,645		144
3	S&P 500 Index	Goldman Sachs		15,216		12/17/2021		4,655		121
1	S&P 500 Index	Goldman Sachs		6,732		12/17/2021		4,675		41
4	S&P 500 Index	Goldman Sachs		17,107		12/17/2021		4,680		98
4	S&P 500 Index	Goldman Sachs		18,968		12/17/2021		4,685		101
4	S&P 500 Index	Goldman Sachs		20,011		12/17/2021		4,690		99
4	S&P 500 Index	Goldman Sachs		19,050		12/17/2021		4,695		87
6	S&P 500 Index	Goldman Sachs		26,260		12/17/2021		4,700		111
3	S&P 500 Index	Goldman Sachs		12,572		12/17/2021		4,705		49
										6,379

WRITTEN CALL OPTIONS
Number of			Notional Value at				Exercise
Contracts	Open Call Options Written	Counterparty	November 30, 2021		Expiration		Price		Value
9	Accenture PLC	Goldman Sachs	$	3,261		12/17/2021	$	370	$	47
108	Cisco Systems, Inc.	Goldman Sachs		5,946		12/17/2021		58		33
9	Deere & Company	Goldman Sachs		3,281		12/17/2021		360		45
32	Medtronic PLC	Goldman Sachs		3,448		12/17/2021		120		2
64	Pfizer, Inc.	Goldman Sachs		3,418		12/17/2021		50		267
25	Walmart, Inc.	Goldman Sachs		3,550		12/17/2021		150		8
										402

EASTERLY GLOBAL MACRO FUND

CONSOLIDATED SCHEDULE OF INVESTMENTS (Unaudited)(Continued)

November 30, 2021

Goldman Sachs Systematic Skew US Series 1D Total Return Strategy Top 50 Holdings
EQUITY FORWARDS
Number of			Notional Value at				Exercise
Contracts	Open Short Equity Forwards	Counterparty	November 30, 2021		Expiration		Price		Value
58	S&P 500 Index	Goldman Sachs	$	263,966		12/17/2021	$	4,655	$	5,217
44	S&P 500 Index	Goldman Sachs		200,969		1/21/2022		4,655		3,907
28	S&P 500 Index	Goldman Sachs		129,501		2/18/2022		4,655		2,627
9	S&P 500 Index	Goldman Sachs		39,944		3/18/2022		4,660		884
										12,635

PURCHASED PUT OPTIONS
Number of			Notional Value at				Exercise
Contracts	Open Put Options	Counterparty	November 30, 2021		Expiration		Price		Value
17	S&P 500 Index	Goldman Sachs	$	76,625		2/18/2022	$	2,700	$	152
16	S&P 500 Index	Goldman Sachs		74,288		2/18/2022		2,650		138
16	S&P 500 Index	Goldman Sachs		73,615		12/17/2021		2,500		7
16	S&P 500 Index	Goldman Sachs		72,721		12/17/2021		2,525		8
15	S&P 500 Index	Goldman Sachs		68,486		12/17/2021		2,575		8
14	S&P 500 Index	Goldman Sachs		66,008		12/17/2021		2,550		7
14	S&P 500 Index	Goldman Sachs		63,092		12/17/2021		3,200		29
14	S&P 500 Index	Goldman Sachs		62,777		1/21/2022		2,500		47
14	S&P 500 Index	Goldman Sachs		62,726		12/17/2021		3,400		44
13	S&P 500 Index	Goldman Sachs		61,145		1/21/2022		2,825		76
13	S&P 500 Index	Goldman Sachs		59,998		12/17/2021		2,700		10
13	S&P 500 Index	Goldman Sachs		59,059		3/18/2022		2,450		127
12	S&P 500 Index	Goldman Sachs		54,959		2/18/2022		2,550		88
11	S&P 500 Index	Goldman Sachs		52,251		12/17/2021		2,800		10
10	S&P 500 Index	Goldman Sachs		47,864		1/21/2022		3,025		80
10	S&P 500 Index	Goldman Sachs		47,727		1/21/2022		3,000		76
10	S&P 500 Index	Goldman Sachs		47,675		12/17/2021		2,825		10
10	S&P 500 Index	Goldman Sachs		46,291		12/17/2021		3,225		23
10	S&P 500 Index	Goldman Sachs		45,122		12/17/2021		2,650		6
10	S&P 500 Index	Goldman Sachs		45,011		1/21/2022		2,800		54
10	S&P 500 Index	Goldman Sachs		44,366		2/18/2022		2,300		50
10	S&P 500 Index	Goldman Sachs		44,333		1/21/2022		2,950		66
10	S&P 500 Index	Goldman Sachs		44,265		2/18/2022		2,250		46
9	S&P 500 Index	Goldman Sachs		42,405		12/17/2021		3,100		16
9	S&P 500 Index	Goldman Sachs		41,996		1/21/2022		2,925		61
9	S&P 500 Index	Goldman Sachs		41,281		2/18/2022		2,600		71
9	S&P 500 Index	Goldman Sachs		40,719		1/21/2022		2,300		21
9	S&P 500 Index	Goldman Sachs		38,972		12/17/2021		3,075		14
8	S&P 500 Index	Goldman Sachs		38,808		12/17/2021		3,125		15
8	S&P 500 Index	Goldman Sachs		38,147		12/17/2021		3,000		12
8	S&P 500 Index	Goldman Sachs		37,260		1/21/2022		2,850		48
										1,420

WRITTEN PUT OPTIONS
Number of			Notional Value at				Exercise
Contracts	Open Put Options	Counterparty	November 30, 2021		Expiration		Price		Value
8	S&P 500 Index	Goldman Sachs	$	38,089		12/17/2021	$	3,890	$	72
8	S&P 500 Index	Goldman Sachs		38,147		12/17/2021		4,075		117
8	S&P 500 Index	Goldman Sachs		38,454		12/17/2021		4,185		167
8	S&P 500 Index	Goldman Sachs		38,808		12/17/2021		4,160		155
9	S&P 500 Index	Goldman Sachs		38,972		12/17/2021		4,095		127
9	S&P 500 Index	Goldman Sachs		39,377		12/17/2021		3,950		85
9	S&P 500 Index	Goldman Sachs		39,872		12/17/2021		4,175		167
9	S&P 500 Index	Goldman Sachs		42,405		12/17/2021		4,140		158
9	S&P 500 Index	Goldman Sachs		42,491		1/21/2022		4,090		431
10	S&P 500 Index	Goldman Sachs		44,326		12/17/2021		3,945		95
11	S&P 500 Index	Goldman Sachs		51,632		1/21/2022		3,830		307
11	S&P 500 Index	Goldman Sachs		52,251		12/17/2021		3,935		109
12	S&P 500 Index	Goldman Sachs		54,413		12/17/2021		3,960		121
13	S&P 500 Index	Goldman Sachs		57,530		12/17/2021		3,940		122
13	S&P 500 Index	Goldman Sachs		58,285		12/17/2021		4,215		280
										5,353

EASTERLY GLOBAL REAL ESTATE FUND

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 100.1%
		Australia - 2.2%
	2,385,444	NEXTDC Ltd.(a)	$	20,129,231
		Bermuda - 2.2%
	3,726,747	Hongkong Land Holdings Ltd.		20,124,434
		Canada - 0.3%
	61,000	Canadian Apartment Properties REIT		2,703,820
		Cayman Islands - 8.9%
	6,439,563	CK Asset Holdings Ltd.		36,844,560
	4,050,197	ESR Cayman Ltd.(a)		13,374,152
	497,739	GDS Holdings Ltd. - ADR(a)		27,893,294
	568,505	Wharf Real Estate Investment Company Ltd.		2,870,786
				80,982,792
		France - 1.8%
	164,954	Accor S.A.(a)		4,853,331
	546,727	Klepierre S.A.		11,418,401
				16,271,732
		Germany - 9.0%
	864,650	Deutsche Wohnen S.E.		38,490,156
	308,113	Instone Real Estate Group A.G.		6,395,607
	306,406	TAG Immobilien A.G.		8,428,626
	529,340	Vonovia S.E		29,156,077
				82,470,466
		Guernsey - 0.7%
	3,753,547	Sirius Real Estate Ltd.		6,765,162
		Hong Kong - 5.3%
	5,581,693	Link REIT		48,399,770
		Italy - 1.2%
	981,321	COIMA RES SpA		7,974,990
	267,681	Infrastrutture Wireless Italiane SpA		3,046,902
				11,021,892

EASTERLY GLOBAL REAL ESTATE FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 100.1% (Continued)
		Japan - 10.1%
	53,402	Japan Hotel REIT Investment Corporation	$	27,494,288
	4,729,774	Mitsubishi Estate Company Ltd.		64,713,579
				92,207,867
		Singapore - 1.6%
	6,005,917	Keppel DC REIT		10,274,199
	2,658,897	Mapletree Commercial Trust		3,945,086
				14,219,285
		Spain - 1.5%
	232,200	Cellnex Telecom S.A.		13,591,573
		United Kingdom - 5.7%
	16,120,566	Assura PLC		14,407,295
	320,119	Cushman & Wakefield PLC(a)		5,659,704
	5,065,725	Empiric Student Property PLC		5,494,935
	2,744,410	Grainger PLC		10,847,659
	723,989	Great Portland Estates PLC		6,878,052
	639,025	UNITE Group PLC		8,970,145
				52,257,790
		United States - 49.6%
	979,675	Acadia Realty Trust		19,779,638
	173,764	American Homes 4 Rent		6,966,199
	30,597	American Tower Corporation		8,031,101
	926,246	Americold Realty Trust		30,232,669
	1,800,299	CatchMark Timber Trust, Inc.		13,844,299
	21,000	CBRE Group, Inc.(a)		2,006,970
	534,310	CoreCivic, Inc.(a)		5,754,519
	235,897	Corporate Office Properties Trust		6,053,117
	226,000	CubeSmart		12,185,920
	4,053,369	DigitalBridge Group, Inc.(a)		32,264,817
	680,978	Easterly Government Properties, Inc.		14,280,109
	893,642	Ellington Financial, Inc.		14,807,648
	15,901	Equinix, Inc.		12,914,792
	943,652	GEO Group, Inc.		7,926,677
	332,362	InvenTrust Properties Corporation		8,006,601

EASTERLY GLOBAL REAL ESTATE FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares					Fair Value
		COMMON STOCKS — 100.1% (Continued)
		United States - 49.6% (Continued)
	356,935	Kennedy-Wilson Holdings, Inc.			$	7,741,920
	272,873	Kilroy Realty Corporation				17,608,495
	123,443	Life Storage, Inc.				16,311,757
	297,151	National Retail Properties, Inc.				13,104,359
	1,230,345	Retail Opportunity Investments Corporation				21,604,858
	220,139	Sun Communities, Inc.				41,513,812
	648,940	Ventas, Inc.				30,448,265
	1,303,958	VICI Properties, Inc.				35,467,658
	104,428	Washington Real Estate Investment Trust				2,631,586
	150,041	Welltower, Inc.				11,946,264
	691,141	Weyerhaeuser Company				25,993,813
	434,265	WP Carey, Inc.				33,156,133
						452,583,996
		TOTAL COMMON STOCKS (Cost $1,092,584,430)				913,729,810
		RIGHT — 0.2%
		REAL ESTATE OWNERS & DEVELOPERS - 0.2%	Expiration Date	Exercise Price
	607,610	Vonovia S.E.	12/8/2021	$40.00		2,127,009
		TOTAL RIGHT (Cost $2,377,939)				2,127,009
		TOTAL INVESTMENTS - 100.3% (Cost $1,094,962,369)			$	915,856,819
		LIABILITIES IN EXCESS OF OTHER ASSETS - (0.3)%				(2,306,398	)
		NET ASSETS - 100.0%			$	913,550,421

ADR - American Depositary Receipt

LTD - Limited Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

S.A. - Société Anonyme

^(a) Non-income producing security.

EASTERLY GLOBAL REAL ESTATE FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Forward Currency Contracts
Settlement	Units to									US Dollar				Unrealized
Date	Receive/Deliver				Counterparty	In Exchange For				Value				Appreciation/(Depreciation)
To Buy:
12/2/2021	$	3,502,907		CAD	Brown Brothers Harriman	$	2,740,182		USD	$	2,730,672			$	(9,510	)
12/1/2021		6,651,818		EUR	Brown Brothers Harriman		7,492,009		USD		7,487,287				(4,722	)
12/2/2021		2,304,740		EUR	Brown Brothers Harriman		2,610,395		USD		2,594,216				(16,179	)
12/1/2021		903,259		GBP	Brown Brothers Harriman		1,200,693		USD		1,195,012				(5,681	)
12/2/2021		2,047,544		GBP	Brown Brothers Harriman		2,721,431		USD		2,708,901				(12,530	)
12/1/2021		812,552,438		JPY	Brown Brothers Harriman		7,140,305		USD		7,156,215				15,910
12/2/2021		254,068,904		JPY	Brown Brothers Harriman		2,246,131		USD		2,237,605				(8,526	)
													Total Unrealized:	$	(41,238	)
To Sell:
12/2/2021	$	(106,116	)	SGD	Brown Brothers Harriman	$	(77,335	)	USD	$	(77,392	)		$	(57	)
													Total Unrealized:	$	(57	)

Currency Abbreviations:

CAD - Canadian Dollar

EUR - Euro

GBP - British Pound

JPY - Japanes Yen

SGD - Singapore Dollar

USD - U.S. Dollar

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2021

Shares			Fair Value
		CLOSED END FUNDS — 20.5%
		FIXED INCOME - 20.5%
	6,500	Apollo Tactical Income Fund, Inc.	$	100,945
	8,000	BlackRock Core Bond Trust		131,280
	10,000	BlackRock Corporate High Yield Fund, Inc.		121,100
	10,482	BlackRock Credit Allocation Income Trust		156,182
	10,000	BlackRock Limited Duration Income Trust		170,800
	8,000	Blackstone / GSO Strategic Credit Fund		109,600
	2,000	DoubleLine Income Solutions Fund		33,080
	4,000	Eaton Vance Ltd. Duration Income Fund		52,280
	10,000	First Trust High Income Long/Short Fund		154,900
	12,000	Franklin Ltd. Duration Income Trust		107,280
	40,000	Invesco Senior Income Trust		178,800
	7,000	John Hancock Preferred Income Fund III		131,810
	1,939	Neuberger Berman High Yield Strategies Fund		24,179
	12,500	Nuveen Credit Strategies Income Fund		81,375
	7,000	Nuveen Global High Income Fund		108,990
	7,000	Nuveen Preferred & Income Term Fund		174,650
	25,000	Nuveen Senior Income Fund		148,500
	10,000	PGIM Global High Yield Fund, Inc.		150,200
	10,000	PGIM High Yield Bond Fund, Inc.		158,400
	17,000	PIMCO Income Strategy Fund II		163,200
	13,000	Wells Fargo Income Opportunities Fund		114,920
	30,000	Western Asset High Income Opportunity Fund, Inc.		152,400
				2,724,871
		TOTAL CLOSED END FUNDS (Cost $2,508,719)		2,724,871
		COMMON STOCKS — 75.2%
		APPAREL & TEXTILE PRODUCTS - 1.0%
	1,263	Canada Goose Holdings, Inc.(a),(b)		56,317
	219	Carter’s, Inc.(a)		22,126
	1,543	Figs, Inc.(b)		51,289
				129,732

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		ASSET MANAGEMENT - 1.4%
	668	Hamilton Lane, Inc.(a)	$	70,654
	1,380	Kennedy-Wilson Holdings, Inc.		29,932
	574	LPL Financial Holdings, Inc.(a)		90,468
				191,054
		BANKING - 3.5%
	800	Atlantic Capital Bancshares, Inc.(b)		22,352
	4,900	CIT Group, Inc.(a)		240,394
	1,112	Eagle Bancorp Montana, Inc.(a)		24,475
	3,700	People’s United Financial, Inc.		63,048
	3,300	Sterling Bancorp(a)		81,873
	700	TriState Capital Holdings, Inc.(b)		20,937
				453,079
		BEVERAGES - 0.3%
	2,343	Primo Water Corporation(a)		38,941
		BIOTECH & PHARMA - 0.7%
	714	AbCellera Biologics, Inc.(a),(b)		10,681
	1,400	Dicerna Pharmaceuticals, Inc.(b)		53,215
	1,302	TransMedics Group, Inc.(a),(b)		28,696
				92,592
		CHEMICALS - 0.2%
	500	Kraton Corporation(b)		23,030
		COMMERCIAL SUPPORT SERVICES - 0.9%
	127	Avalara, Inc.(a),(b)		17,739
	983	Clean Harbors, Inc.(a),(b)		99,716
				117,455
		CONSTRUCTION MATERIALS - 0.0%(c)
	100	Forterra, Inc.(b)		2,379
		DATA CENTER REIT - 1.6%
	1,000	CyrusOne, Inc.		89,020
	92	Equinix, Inc.		74,722

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		DATA CENTER REIT - 1.6% (Continued)
	23,021	Keppel DC REIT	$	39,455
				203,197
		E-COMMERCE DISCRETIONARY - 0.9%
	1,892	Leslie’s, Inc.(a),(b)		39,656
	605	MYT Netherlands Parent BV - ADR(b)		16,347
	877	Revolve Group, Inc.(a),(b)		66,801
				122,804
		ELECTRIC UTILITIES - 0.5%
	1,251	Portland General Electric Company(a)		60,886
		ELECTRICAL EQUIPMENT - 0.2%
	673	BWX Technologies, Inc.(a)		32,102
		ENGINEERING & CONSTRUCTION - 0.4%
	810	Cellnex Telecom S.A.		47,447
	942	Infrastrutture Wireless Italiane SpA		10,746
				58,193
		ENTERTAINMENT CONTENT - 0.5%
	4,000	Sciplay Corporation(a),(b)		64,240
		FOOD - 0.2%
	588	TreeHouse Foods, Inc.(b)		21,580
		GAMING REIT - 1.0%
	4,728	VICI Properties, Inc.		128,602
		HEALTH CARE FACILITIES & SERVICES - 4.0%
	532	Accolade, Inc.(a),(b)		13,656
	1,228	Invitae Corporation(a),(b)		20,876
	3,400	Magellan Health, Inc.(a),(b)		322,286
	2,057	NeoGenomics, Inc.(a),(b)		70,473
	1,200	PPD, Inc.(a),(b)		56,520
	861	Progyny, Inc.(a),(b)		43,713
				527,524

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		HEALTH CARE REIT - 2.0%
	56,801	Assura PLC	$	50,837
	3,780	Global Medical REIT, Inc.(a)		61,765
	2,264	Ventas, Inc.		106,227
	524	Welltower, Inc.		41,721
				260,550
		HOME & OFFICE PRODUCTS - 0.1%
	1,500	Casper Sleep, Inc.(b)		9,810
		HOTEL REITS - 0.7%
	187	Japan Hotel REIT Investment Corporation		96,510
		INDUSTRIAL REIT - 1.0%
	4,247	Americold Realty Trust(a)		138,622
		INDUSTRIAL SUPPORT SERVICES - 0.4%
	696	Ritchie Bros Auctioneers, Inc.(a)		47,245
		INFRASTRUCTURE REIT - 0.3%
	128	American Tower Corporation		33,597
		INSURANCE - 3.9%
	1,900	Athene Holding Ltd.(a),(b)		155,648
	1,600	Willis Towers Watson PLC(a)		361,344
				516,992
		INTERNET MEDIA & SERVICES - 0.3%
	182	Fiverr International Ltd.(a),(b)		25,775
	615	Marqeta, Inc.(b)		12,091
	391	MediaAlpha, Inc.(a),(b)		6,029
				43,895
		LEISURE FACILITIES & SERVICES - 2.0%
	900	Cineplex, Inc.(b)		8,223
	1,620	GAN Ltd.(a),(b)		15,665
	3,103	Norwegian Cruise Line Holdings Ltd.(a),(b)		60,540
	989	Red Rock Resorts, Inc.(a)		47,017

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		LEISURE FACILITIES & SERVICES - 2.0% (Continued)
	648	Shake Shack, Inc.(a),(b)	$	47,298
	278	Sportradar Group A.G.(b)		4,479
	111	Sweetgreen, Inc.(b)		4,238
	460	Wingstop, Inc.(a)		73,875
				261,335
		MACHINERY - 0.0%(c)
	113	Hydrofarm Holdings Group, Inc.(a),(b)		3,729
		MEDICAL EQUIPMENT & DEVICES - 1.2%
	409	Axonics, Inc.(a),(b)		22,254
	317	CareDx, Inc.(a),(b)		13,675
	300	Hill-Rom Holdings, Inc.		46,650
	137	Inspire Medical Systems, Inc.(a),(b)		30,588
	1,079	Silk Road Medical, Inc.(a),(b)		43,786
				156,953
		MORTGAGE FINANCE - 0.4%
	3,261	Ellington Financial, Inc.		54,035
		MULTI ASSET CLASS REIT - 1.9%
	9,265	DigitalBridge Group, Inc.(b)		73,749
	2,526	Great Portland Estates plc		23,945
	9,673	Mapletree Commercial Trust		14,392
	586	Washington Real Estate Investment Trust		14,767
	1,585	WP Carey, Inc.		121,015
				247,868
		OFFICE OWNERS & DEVELOPERS - 0.2%
	2,502	COIMA RES SpA		20,390
		OFFICE REIT - 1.9%
	5,000	Columbia Property Trust, Inc.(a)		96,000
	724	Corporate Office Properties Trust		18,578
	3,083	Easterly Government Properties, Inc.		64,651
	1,170	Kilroy Realty Corporation		75,500
				254,729

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		REAL ESTATE OWNERS & DEVELOPERS - 5.4%
	22,683	CK Asset Holdings Ltd.	$	129,769
	1,700	Deutsche Wohnen S.E.		75,795
	9,595	Grainger PLC		37,854
	11,852	Hongkong Land Holdings Ltd.		64,001
	1,076	Instone Real Estate Group A.G.		22,406
	16,562	Mitsubishi Estate Company Ltd.		228,275
	13,289	Sirius Real Estate Ltd.		23,981
	1,072	TAG Immobilien A.G.		29,563
	1,848	Vonovia S.E.		101,925
				713,569
		REAL ESTATE SERVICES - 1.0%
	725	CBRE Group, Inc.(b)		69,289
	1,125	Cushman & Wakefield PLC(b)		19,890
	14,184	ESR Cayman Ltd.(b)		46,941
				136,120
		RESIDENTIAL REIT - 1.6%
	609	American Homes 4 Rent, Class A		24,415
	570	Canadian Apartment Properties REIT		25,265
	769	Sun Communities, Inc.		145,018
	2,254	UNITE Group PLC		31,639
				226,337
		RETAIL - CONSUMER STAPLES - 1.7%
	411	Five Below, Inc.(a),(b)		83,613
	1,261	Ollie’s Bargain Outlet Holdings, Inc.(a),(b)		78,043
	1,162	OptimizeRx Corporation(a),(b)		75,530
				237,186
		RETAIL - DISCRETIONARY - 0.2%
	499	Designer Brands, Inc.(a),(b)		6,826
	565	Driven Brands Holdings, Inc.(b)		17,436
				24,262
		RETAIL OWNERS & DEVELOPERS - 0.1%
	15,626	Empiric Student Property PLC		16,869

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		RETAIL REIT - 2.6%
	744	Acadia Realty Trust	$	15,021
	1,160	InvenTrust Properties Corporation		27,944
	1,332	Klepierre S.A.		28,014
	17,706	Link REIT		153,534
	1,076	National Retail Properties, Inc.		47,452
	4,519	Retail Opportunity Investments Corporation		79,354
				351,319
		SELF-STORAGE REIT - 0.7%
	790	CubeSmart		42,597
	432	Life Storage, Inc.		57,084
				99,681
		SEMICONDUCTORS - 3.5%
	200	Coherent, Inc.(a),(b)		51,786
	1,800	Xilinx, Inc.(a)		411,210
				462,996
		SOFTWARE - 11.1%
	1,010	1Life Healthcare, Inc.(a),(b)		16,089
	140	Alkami Technology, Inc.(b)		4,017
	380	Alteryx, Inc.(a),(b)		25,259
	113	AvidXchange Holdings, Inc.(b)		2,414
	342	Bandwidth, Inc.(a),(b)		24,508
	463	BigCommerce Holdings, Inc.(a),(b)		20,960
	481	Black Knight, Inc.(a),(b)		34,377
	913	Blackline, Inc.(a),(b)		100,476
	1	Braze, Inc.(b)		76
	222	C3.ai, Inc.(a),(b)		8,205
	4,467	Cantaloupe, Inc.(a),(b)		40,292
	700	Change Healthcare, Inc.(b)		14,196
	202	CS Disco, Inc.(b)		7,413
	1,129	Domo, Inc.(a),(b)		81,682
	1,105	Duck Creek Technologies, Inc.(a),(b)		31,592
	1,139	Dynatrace, Inc.(a),(b)		71,586
	1,511	eGain Corporation(a),(b)		15,866
	221	Expensify, Inc.(b)		9,976

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		SOFTWARE - 11.1% (Continued)
	475	Guidewire Software, Inc.(a),(b)	$	55,262
	635	Health Catalyst, Inc.(a),(b)		27,553
	1,972	Jamf Holding Corporation(a),(b)		63,558
	598	JFrog Ltd.(a),(b)		19,112
	1,324	N-Able, Inc.(a),(b)		15,623
	518	nCino, Inc.(a),(b)		32,178
	4,700	Nuance Communications, Inc.(b)		260,802
	913	Nutanix, Inc.(a),(b)		30,330
	747	Oak Street Health, Inc.(a),(b)		23,120
	133	ON24, Inc.(b)		2,107
	529	Paycor HCM, Inc.(b)		15,574
	263	Paylocity Holding Corporation(a),(b)		66,365
	49	Paymentus Holdings, Inc.(b)		1,448
	935	Phreesia, Inc.(a),(b)		53,931
	1,044	Ping Identity Holding Corporation(a),(b)		24,858
	112	Privia Health Group, Inc.(b)		2,587
	50	Procore Technologies, Inc.(b)		4,238
	1,231	PROS Holdings, Inc.(a),(b)		44,710
	719	Riskified Ltd.(b)		6,823
	842	Sailpoint Technologies Holdings, Inc.(a),(b)		44,281
	198	Signify Health, Inc.(b)		2,691
	395	Sprinklr, Inc.(b)		5,700
	445	Sprout Social, Inc.(a),(b)		49,698
	1,446	Tenable Holdings, Inc.(a),(b)		71,432
	425	Vertex, Inc.(a),(b)		7,769
	5,644	Zeta Global Holdings Corporation(a),(b)		47,015
				1,487,749
		SPECIALTY FINANCE - 0.2%
	48	Flywire Corporation(b)		1,951
	1,574	International Money Express, Inc.(a),(b)		23,783
				25,734
		TECHNOLOGY HARDWARE - 0.2%
	845	Pure Storage, Inc.(a),(b)		26,170

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares			Fair Value
		COMMON STOCKS — 75.2% (Continued)
		TECHNOLOGY SERVICES - 4.7%
	375	Dlocal Ltd.(b)	$	12,450
	4,200	IHS Markit Ltd.(a)		536,844
	300	PAE, Inc.(b)		2,976
	939	Paya Holdings, Inc.(a),(b)		6,047
	641	Repay Holdings Corporation(a),(b)		10,487
	751	Shift4 Payments, Inc.(a),(b)		39,067
	601	Telos Corporation(a),(b)		9,466
	91	WEX, Inc.(a),(b)		11,504
				628,841
		TELECOMMUNICATIONS - 2.5%
	2,011	GDS Holdings Ltd. - ADR(b)		112,697
	8,409	NEXTDC Ltd.(b		72,145
	6,565	Vonage Holdings Corporation(a),(b)		135,370
				320,212
		TIMBER REIT - 1.1%
	6,320	CatchMark Timber Trust, Inc.		48,601
	2,411	Weyerhaeuser Company		90,678
				139,279
		TRANSPORTATION & LOGISTICS - 4.7%
	3,360	AFC Gamma, Inc.(a)		72,677
	1,019	CryoPort, Inc.(a),(b)		67,702
	1,300	Kansas City Southern(a)		378,105
	987	Knight-Swift Transportation Holdings, Inc.(a)		56,506
	2,800	Teekay LNG Partners, L.P.(a)		47,404
				622,394
		WHOLESALE - DISCRETIONARY - 0.3%
	854	IAA, Inc.(a),(b)		41,248
		TOTAL COMMON STOCKS (Cost $9,337,274)		9,973,616

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Shares					Fair Value
		EXCHANGE-TRADED FUNDS — 3.9%
		EQUITY - 0.0%(c)
	1	ProShares UltraPro Short S&P 500(b)			$	14
	1	ProShares UltraShort Russell2000(b)				14
						28
		FIXED INCOME - 3.9%
	7,000	Invesco Senior Loan ETF				152,600
	6,500	iShares 0-5 Year High Yield Corporate Bond ETF				291,980
	2,000	iShares Preferred & Income Securities ETF				76,820
	1	ProShares UltraShort 20+ Year Treasury(b)				16
						521,416
		TOTAL EXCHANGE-TRADED FUNDS (Cost $532,481)				521,444
		OPEN END FUNDS — 5.3%
		FIXED INCOME - 5.3%
	62,911	Easterly Structured Credit Value Fund, Class R6(d)				701,455
		TOTAL OPEN END FUNDS (Cost $702,076)				701,455
		RIGHT — 0.1%
		REAL ESTATE OWNERS & DEVELOPERS - 0.1%	Expiration Date	Exercise Price
	2,121	Vonovia S.E.	12/8/2021	$40.00		7,425
		TOTAL RIGHT (Cost $8,322)				7,425
		TOTAL INVESTMENTS - 105.0% (Cost $13,088,872)			$	13,928,811
		LIABILITIES IN EXCESS OF OTHER ASSETS - (5.0)%				(643,174	)
		NET ASSETS - 100.0%			$	13,285,637

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF SECURITIES SOLD SHORT (Unaudited)

November 30, 2021

Shares				Fair Value
			COMMON STOCKS — (18.0)%
			ASSET MANAGEMENT - (1.3)%
	(2,185	)	Apollo Global Management, Inc.	$	(154,654	)
	(200	)	Raymond James Financial, Inc.		(19,658	)
					(174,312	)
			BANKING - (3.2)%
	(301	)	First Citizens BancShares, Inc.		(241,998	)
	(436	)	M&T Bank Corporation		(63,922	)
	(1	)	Prosperity Bancshares, Inc.		(71	)
	(288	)	SouthState Corporation		(22,504	)
	(1,529	)	Webster Financial Corporation		(82,398	)
					(410,893	)
			BIOTECH & PHARMA - (0.1)%
	(1,597	)	Sinovac Biotech Ltd. (e)		(10,333	)
			INSURANCE - (3.1)%
	(1,395	)	Aon PLC		(412,599	)
			LEISURE FACILITIES & SERVICES - (0.6)%
	(1	)	Penn National Gaming, Inc.		(51	)
	(1,000	)	Scientific Games Corporation		(63,920	)
					(63,971	)
			SEMICONDUCTORS - (3.8)%
	(3,096	)	Advanced Micro Devices, Inc.		(490,314	)
	(182	)	II-VI, Inc.		(11,380	)
					(501,694	)
			TECHNOLOGY SERVICES - (4.0)%
	(1,190	)	S&P Global, Inc.		(542,319	)
			TRANSPORTATION & LOGISTICS - (1.9)%
	(3,746	)	Canadian Pacific Railway Ltd.		(262,332	)

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF SECURITIES SOLD SHORT (Unaudited) (Continued)

November 30, 2021

Shares				Fair Value
			EXCHANGE-TRADED FUNDS — (12.7)%
			EQUITY - (12.7)%
	(1,602	)	iShares Russell 2000 ETF	$	(349,508	)
	(4,570	)	iShares Russell 2000 Growth ETF		(1,334,851	)
					(1,684,359	)
			TOTAL SECURITIES SOLD SHORT - (Proceeds - $2,944,300)	$	(4,062,812	)

ADR - American Depositary Receipt

ETF - Exchange-Traded Fund

L.P. - Limited Partnership

LTD - Limited Company

PLC - Public Limited Company

REIT - Real Estate Investment Trust

S.A. - Société Anonyme

^(a) All or a portion of security segregated as collateral for securities sold short.

^(b) Non-income producing security.

^(c) Percentage rounds to less than 0.1%.

^(d) Affiliated investment.

^(e) The value of this security has been determined in good faith under policies of the Board of Trustees.

EASTERLY MULTI STRATEGY ALTERNATIVE INCOME FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

Forward Currency Contracts
Settlement	Units to									US Dollar				Unrealized
Date	Receive/Deliver				Counterparty	In Exchange For				Value				Appreciation/(Depreciation)
To Buy:
12/2/2021	$	32,732		CAD	Brown Brothers Harriman	$	25,605		USD	$	25,516			$	(89	)
12/1/2021		23,280		EUR	Brown Brothers Harriman		26,221		USD		26,204				(17	)
12/2/2021		8,056		EUR	Brown Brothers Harriman		9,124		USD		9,068				(56	)
12/1/2021		3,130		GBP	Brown Brothers Harriman		4,161		USD		4,141				(20	)
12/2/2021		7,332		GBP	Brown Brothers Harriman		9,745		USD		9,700				(45	)
12/1/2021		2,829,218		JPY	Brown Brothers Harriman		24,862		USD		24,917				55
12/2/2021		914,356		JPY	Brown Brothers Harriman		8,083		USD		8,053				(30	)
													Total Unrealized:	$	(202	)
To Sell:
12/2/2021	$	(386	)	SGD	Brown Brothers Harriman	$	(282	)	USD	$	(282	)		$	—
													Total Unrealized:	$	—

Currency Abbreviations:

CAD - Canadian Dollar

EUR - Euro

GBP - British Pound

JPY - Japanes Yen

SGD - Singapore Dollar

USD - U.S. Dollar

EASTERLY HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited)

November 30, 2021

Shares									Fair Value
		EXCHANGE-TRADED FUNDS — 87.3%
		EQUITY - 87.3%
	104,000	SPDR S&P 500 ETF Trust							$	47,378,240
		TOTAL EXCHANGE-TRADED FUNDS (Cost $35,925,155)								47,378,240
	Contracts(a)		Counterparty	Expiration Date	Exercise Price		Notional Value
		INDEX OPTIONS PURCHASED - 4.1%
		PUT OPTIONS PURCHASED - 4.1%
	235	S&P 500 INDEX	PER	12/17/2021	$	4,600	$	107,324,500		2,224,275
		TOTAL PUT OPTIONS PURCHASED (Cost - $1,052,310)
		TOTAL INDEX OPTIONS PURCHASED (Cost - $1,052,310)								2,224,275
		TOTAL INVESTMENTS - 91.4% (Cost $36,977,465)							$	49,602,515
		CALL OPTIONS WRITTEN - (0.2)% (Proceeds - $234,464)								(105,570	)
		PUT OPTIONS WRITTEN - (0.8)% (Proceeds - $412,105)								(437,025	)
		OTHER ASSETS IN EXCESS OF LIABILITIES- 9.6%								5,194,660
		NET ASSETS - 100.0%							$	54,254,580
	Contracts(a)		Counterparty	Expiration Date	Exercise Price		Notional Value
		WRITTEN INDEX OPTIONS - (0.8)%
		PUT OPTIONS WRITTEN - (0.8)%
	185	S&P 500 INDEX	PER	12/06/2021	$	4,375	$	84,489,500	$	182,225
	70	S&P 500 INDEX	PER	12/17/2021		4,360		31,969,000		254,800
		TOTAL PUT OPTIONS WRITTEN (Proceeds - $412,105)								437,025
		TOTAL INDEX OPTIONS WRITTEN (Proceeds - $412,105)								437,025
		WRITTEN EQUITY OPTIONS - (0.2)%
		CALL OPTIONS WRITTEN- (0.2)%
	850	SPDR S&P 500 ETF Trust	PER	12/10/2021	$	470	$	38,722,600		94,350
	100	SPDR S&P 500 ETF Trust	PER	12/31/2021		480		4,555,600		9,750
	30	SPDR S&P 500 ETF Trust	PER	12/31/2021		485		1,366,680		1,470
		TOTAL CALL OPTIONS WRITTEN (Proceeds - $234,464)								105,570
		TOTAL EQUITY OPTIONS WRITTEN (Proceeds - $234,464)							$	105,570

ETF - Exchange-Traded Fund

SPDR - Standard & Poor’s Depositary Receipt

PER - Pershing

^(a) Each option contract allows the holder of the option to purchase or sell 100 shares of the underlying security.

EASTERLY HEDGED EQUITY FUND

SCHEDULE OF INVESTMENTS (Unaudited) (Continued)

November 30, 2021

TOTAL RETURN SWAPS - (1.0) %

Notional

Expiration

Pay/Receive

Variable

Unrealized

Amount

Reference Entity

Shares

Counterparty

Date

Fixed Rate

Rate (%)

Gain/(Loss)

$

21,966,860

SPY SPDR SP 500 ETF Trust

47,000

Goldman Sachs

11/9/2022

Pay

0.0800

$

(555,540

)

* Variable rate is Federal Funds Rate plus 0.55%