# EDGAR Filing Document

**Accession Number:** 0001499947
**File Stem:** 0001145549-23-007350
**Filing Date:** 2023-2
**Character Count:** 25924
**Document Hash:** e2137de56888ac3f522f9d606761125a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007350.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-007350

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Agility Multi-Asset Income Fund
- **CENTRAL INDEX KEY:** 0001499947
- **IRS NUMBER:** 273183379
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22466
- **FILM NUMBER:** 23650883

**BUSINESS ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 888-449-4909

**MAIL ADDRESS:**
- **STREET 1:** C/O UMB FUND SERVICES, INC.
- **STREET 2:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** GAI Agility Income Fund
- **DATE OF NAME CHANGE:** 20141113

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ASGI Agility Income Fund
- **DATE OF NAME CHANGE:** 20100825

## Nport-Ex

**Agility Multi-Asset Income Fund**

**Schedule of Investments** 

**As of December 31, 2022 (Unaudited)**

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Strategy** | **Investments** | **Original Acquisition**<br> **Date** | **Shares** | **Cost** | **Fair Value** |
| **Investment Funds - 90.36%** | **Investment Funds - 90.36%** |  | | | |
| &nbsp;&nbsp;&nbsp;**Exchange Traded Funds - 4.93%** | &nbsp;&nbsp;&nbsp;**Exchange Traded Funds - 4.93%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Equity - 4.93%** | &nbsp;&nbsp;&nbsp;**Equity - 4.93%** |  |  |  |  |
|  | First Trust North American Energy Infrastructure Fund | 8/31/2018 | 148984 | $3380943 | $3976383 |
| &nbsp;&nbsp;&nbsp;**Total Exchange Traded Funds** | &nbsp;&nbsp;&nbsp;**Total Exchange Traded Funds** |  |  | 3380943 | 3976383 |
| &nbsp;&nbsp;&nbsp;**Mutual Funds - 9.34%** | &nbsp;&nbsp;&nbsp;**Mutual Funds - 9.34%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Fixed Income - 9.34%** | &nbsp;&nbsp;&nbsp;**Fixed Income - 9.34%** |  |  |  |  |
|  | GMO Emerging Country Debt Fund | 12/12/2016 | 433170 | 11303952 | 7532819 |
| &nbsp;&nbsp;&nbsp;**Total Mutual Funds** | &nbsp;&nbsp;&nbsp;**Total Mutual Funds** |  |  | 11303952 | 7532819 |
| &nbsp;&nbsp;&nbsp;**Private Investment Funds¹ - 76.09%** | &nbsp;&nbsp;&nbsp;**Private Investment Funds¹ - 76.09%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Fixed Income - 57.63%** | &nbsp;&nbsp;&nbsp;**Fixed Income - 57.63%** |  |  |  |  |
|  | ArrowMark Income Opportunity Fund QP, Ltd. | 1/4/2017 | 12585 | 11578156 | 10693731 |
|  | Hildene Opportunities Fund II, LP \* | 7/1/2021 | N/A | 5559644 | 5957013 |
|  | Melody Special Situations Offshore Credit Fund L.P.\* | 11/1/2017 | N/A | 4814350 | 4033829 |
|  | Napier Park ABS Income Fund (Cayman) LP\* | 2/5/2020 | N/A | 685112 | 578245 |
|  | Shenkman Opportunistic Credit Fund, Ltd.\* | 7/1/2018 | 14763 | 12000000 | 15152503 |
|  | Värde Credit Partners (Offshore), Ltd.\* | 3/2/2020 | 9500 | 9500000 | 10041749 |
|  |  |  |  | 44137262 | 46457070 |
| &nbsp;&nbsp;&nbsp;**Multi Strategy - 17.47%** | &nbsp;&nbsp;&nbsp;**Multi Strategy - 17.47%** |  |  |  |  |
|  | Hudson Bay International Fund Ltd.\* | 8/1/2019 | 10000 | 10000000 | 14087387 |
| &nbsp;&nbsp;&nbsp;**Reinsurance - 0.99%** | &nbsp;&nbsp;&nbsp;**Reinsurance - 0.99%** |  |  |  |  |
|  | Aeolus Property Catastrophe Keystone PF Fund L.P.\* | 1/3/2017 | 1144 | 1132627 | 798614 |
| &nbsp;&nbsp;&nbsp;**Total Private Investment Funds** | &nbsp;&nbsp;&nbsp;**Total Private Investment Funds** |  |  | 55269889 | 61343071 |
| **Total Investments in Investment Funds** | **Total Investments in Investment Funds** |  |  | 69954784 | 72852273 |
| **Short-Term Investments - 17.44%** | **Short-Term Investments - 17.44%** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;**Money Market Funds - 17.44%** | &nbsp;&nbsp;&nbsp;**Money Market Funds - 17.44%** |  |  |  |  |
|  | Fidelity Investments Money Market Funds Government Portfolio - Institutional Class, 4.00%<sup>2</sup> |  | 12796858 | 12796858 | 12796858 |
|  | UMB Bank Demand Deposit, 0.01%<sup>2</sup> |  | 1265631 | 1265631 | 1265631 |
| **Total Short-Term Investments** | **Total Short-Term Investments** |  |  | 14062489 | 14062489 |
| **Total Investments (Cost $84,017,273) - 107.80%** | **Total Investments (Cost $84,017,273) - 107.80%** | **Total Investments (Cost $84,017,273) - 107.80%** |  |  | **86914762** |
| Liabilities in excess of other assets - (7.80%) | Liabilities in excess of other assets - (7.80%) |  |  |  | (6290397) |
| **Net Assets - 100%** | **Net Assets - 100%** |  |  |  | $**80624365** |

---

<sup>\*</sup> Non-income producing security

<sup>1</sup> Limited Partnerships and Private Investment Funds are restricted securities and deemed to be illiquid in nature as defined by the Securities and Exchange Commission.

<sup>2</sup> The rate is the annualized seven-day effective yield at year end.

**Agility Multi-Asset Income Fund**

**Schedule of Investments - Continued**

**As of December 31, 2022 (Unaudited)**

---

| | |
|:---|:---|
| **Investment Funds by Strategy (as a percentage of net assets)** | |
| &nbsp;&nbsp;&nbsp;**Investment Funds** | |
| &nbsp;&nbsp;&nbsp;**Exchange Traded Funds** | |
| &nbsp;&nbsp;&nbsp; Equity | 4.93% |
| &nbsp;&nbsp;&nbsp;**Mutual Funds** |  |
| &nbsp;&nbsp;&nbsp; Fixed Income | 9.34% |
| &nbsp;&nbsp;&nbsp;**Private Investment Funds** |  |
| &nbsp;&nbsp;&nbsp; Fixed Income | 57.63% |
| &nbsp;&nbsp;&nbsp; Multi Strategy | 17.47% |
| &nbsp;&nbsp;&nbsp; Reinsurance | 0.99% |
| &nbsp;&nbsp;&nbsp;**Total Private Investment Funds** | 76.09% |
| &nbsp;&nbsp;&nbsp;**Total Investment Funds** | 90.36% |
| &nbsp;&nbsp;&nbsp;**Short-Term Investments** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 17.44% |
| &nbsp;&nbsp;&nbsp;**Total Investments** | 107.80% |
| Liabilities in excess of other assets | (7.80)% |
| &nbsp;&nbsp;&nbsp;**Total Net Assets** | 100.00% |

---

See accompanying notes to schedule of investments.

**Agility Multi-Asset Income Fund**

**Notes to Schedule of Investments**

**December 31, 2022 (Unaudited)**

 **Note 1 – Valuation of Investments**

The Fund values its investments in Investment Funds that prepare and publish a daily net asset value per share ("Mutual Fund") or that are publicly traded on an active exchange (together with Mutual Fund, "Mutual Funds and ETFs") and its investments in securities that trade on active exchanges at fair value and its investments in private Investment Funds ("Private Investment Funds") in accordance with procedures established in good faith by the Board using net asset value per share. The fair value of Mutual Funds is based on reported net asset value per share, and the fair value of ETFs and investments in securities is based on quoted market prices at the close of trading on the active exchanges on which the securities are traded on the reporting date. The fair value of a Private Investment Fund ordinarily will be the net asset value of that Private Investment Fund determined and reported by the Private Investment Fund in accordance with the valuation policies established by the Private Investment Fund and/or its investment manager, absent information indicating that such net asset value does not represent the fair value of the Private Investment Fund. The Fund could reasonably expect to receive the net asset value of its interests from the Private Investment Fund if the Fund's interest were redeemed at the time of valuation, based on information reasonably available at the time the valuation is made and that the Fund believes to be reliable. In particular, *FASB Topic 820, Fair Value Measurements* permits a reporting entity to measure the fair value of an investment that does not have a readily determinable fair value based on the net asset value per share (the "NAV"), or its equivalent, of the investment as a practical expedient, without further adjustment, unless it is probable that the investment would be sold at a value significantly different than the NAV. If the practical expedient NAV is not as of the reporting entity's measurement date, then the NAV should be adjusted to reflect any significant events that may change the valuation. In using the NAV as a practical expedient, certain attributes of the investment that may impact its fair value are not considered in measuring fair value. Attributes of those investments include the investment strategies of the investment and may also include, but are not limited to, restrictions on the investor's ability to redeem its investments at the measurement date and any unfunded commitments. The Fund is permitted to invest in alternative investments that do not have a readily determinable fair value, and as such, has elected to use the NAV as calculated on the reporting entity's measurement date as the fair value of the investment. A listing of each investment made by the Fund by strategy can be found in the tables within the Schedule of Investments.

Due to the nature of the investments held by the Private Investment Funds, changes in market conditions and the economic environment may significantly impact the value of the Private Investment Funds and the fair value of the Fund's interests in the Private Investment Funds. Furthermore, changes to the liquidity provisions of the Private Investment Funds may significantly impact the fair value of the Fund's interests in the Private Investment Funds. Under some circumstances, the Fund or the Adviser may determine, based on other information available to the Fund or the Adviser, that a Private Investment Fund's reported valuation does not represent fair value. If it is determined that the Private Investment Fund's reported valuation does not represent fair value, the Adviser may choose to make adjustments to reflect the fair value. During the fiscal year ended September 30, 2022, no such adjustments were deemed necessary by the Adviser. In addition, the Fund may not have a Private Investment Fund's reported valuation as of a particular fiscal period end. In such cases, the Fund would determine the fair value of such a Private Investment Fund based on any relevant information available at the time. The Board has also established procedures for the valuation of investment securities other than securities of Investment Funds, if any, held directly by the Fund.

**Agility Multi-Asset Income Fund**

**Notes to Schedule of Investments - Continued**

**December 31, 2022 (Unaudited)**

The Fund may invest in Investment Funds that purchase and sell futures contracts and options on futures contracts or engage in swap transactions, or may purchase and sell such instruments and engage in such transactions directly. The Adviser currently relies on the no-action relief afforded by Commodity Futures Trading Commission ("CFTC") Staff Letter No. 12-38. Therefore, the Adviser will not be required to deliver a CFTC disclosure document to Fund investors ("Shareholders"), nor will it be required to provide Shareholders certified annual reports that satisfy the requirements of CFTC regulations generally applicable to registered Commodity Pool Operators. Although the Adviser is registered as a "commodity trading advisor" with the CFTC, it will operate the Fund pursuant to CFTC Rule 4.14(a)(8). As of the date of these financial statements, there is no certainty that the Adviser or other parties will be able to rely on these exclusions and any other exemptions in the future. Additional CFTC regulation (or a choice to no longer use strategies that trigger additional regulation) may cause the Fund to change its investment strategies or to incur additional expenses.

In entering into futures contracts and options on futures contracts, there is a credit risk that a counterparty will not be able to meet its obligations to an Investment Fund. The counterparty for futures contracts and options on futures contracts traded in the United States and on most foreign futures exchanges is the clearinghouse associated with such exchange. In general, clearinghouses are backed by the corporate members of the clearinghouse who are required to share any financial burden resulting from the non-performance by one of its members and, as such, should significantly reduce this credit risk. In cases where the clearinghouse is not backed by the clearing members (i.e., some foreign exchanges), it is normally backed by a consortium of banks or other financial institutions. There can be no assurance that any counterparty, clearing member or clearinghouse will be able to meet its obligations to an Investment Fund.

**Note 2 – Fair Value Measurements and Disclosure**

The Fund measures fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The three levels of the fair value hierarchy are:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Unadjusted quoted prices for identical securities in an active market. Since valuations
are based on quoted prices that are readily-accessible at the measurement date, valuation of these securities does not entail a significant
degree of judgment.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Quoted prices in non-active markets for which all significant inputs are observable either
directly or indirectly. Level 2 inputs may also include pricing models whose inputs are observable or derived principally from or corroborated
by observable market data.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Prices or valuation techniques that require inputs that are both significant to the fair
value and unobservable. Little if any market activity exists for Level 3 securities.

Investments in Mutual Funds and ETFs, and investments in equity securities are included in Level 1 of the fair value hierarchy if an unadjusted price can be obtained from a reputable, independent third party pricing source as of the measurement date.

**Agility Multi-Asset Income Fund**

**Notes to Schedule of Investments - Continued**

**December 31, 2022 (Unaudited)**

Investments in Private Investment Funds are measured based upon NAV as a practical expedient to determine fair value are not required to be categorized in the fair value hierarchy.

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. A summary of the inputs used to value the Fund's investments and other financial instruments as of December 31, 2022 is as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Description** | **Total Fair Value<br> at 12/31/2022** | **Level 1** | **Level 2** | **Level 3** | **Investments Valued at Net Asset Value** |
| **Assets** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Exchange Traded Funds |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Equity | $3976383 | $3976383 | $— | $— | $— |
| &nbsp;&nbsp;&nbsp;Mutual Funds |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fixed Income | 7532819 | 7532819 |  |  |  |
| &nbsp;&nbsp;&nbsp;Private Investment Funds <sup>(1)</sup> | 61343071 |  |  |  | 61343071 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 14062489 | 14062489 |  |  |  |
| **Total Assets** | $86914762 | $25571691 | $— | $— | $61343071 |

---

<sup>(1)</sup> Assets valued using NAV as a practical expedient, an indicator of fair value, are listed in a separate column to permit reconciliation to totals in the Statement of Assets and Liabilities.

There were no Level 3 securities held during the year nor any transfers into or out of Level 3 of the fair value hierarchy.

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Agility Multi-Asset Income Fund

- **b. Investment Company Act file number:** 811-22466

- **c. CIK number of Registrant:** 0001499947

- **d. LEI of Registrant:** 549300RXK4W083XNVV91

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53212

  - **Telephone number:** 4142992000

**Item A.2. Information about the Series.**

- **a. Name of Series:** Agility Multi-Asset Income Fund

- **c. LEI of Series:** 549300RXK4W083XNVV91

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $95117887.80

**Total Liabilities:** $14493522.71

**Net Assets:** $80624365.09

**Monthly Return Information**

| Class        | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID N/A | 0.91%                | 1.19%                | -0.33%               |
| Class ID N/A | 0.97%                | 1.25%                | -0.27%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $5139.49                 | $909788.69                                 |
| Month 2  | $5880.96                 | $1202861.02                                |
| Month 3  | $-579696.00              | $-554893.44                                |

### Schedule of Portfolio Investments

| Name                                                                                    | Title                                                                                   | Identifiers                  | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   | Fair Value Level   | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| Hildene Opportunities Fund II LP                                                        | Hildene Opportunities Fund II LP                                                        | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      5560 | OU      | $5957013.27   | 7.39%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J21Sub Account   | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J21Sub Account   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |       485 | OU      | $379353.45    | 0.47%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY20Sub Account  | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY20Sub Account  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |       114 | OU      | $52426.23     | 0.07%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Varde Credit Partners (Offshore), Ltd                                                   | Varde Credit Partners (Offshore), Ltd                                                   | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      9500 | OU      | $10041749.35  | 12.45%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Shenkman Opportunistic Credit Fund Ltd Class Tranche B Series 1 Jan 2021                | Shenkman Opportunistic Credit Fund Ltd Class Tranche B Series 1 Jan 2021                | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     14763 | OU      | $15152502.84  | 18.79%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Napier Park ABS Income Fund (Cayman) LP                                                 | Napier Park ABS Income Fund (Cayman) LP                                                 | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |        72 | OU      | $578244.73    | 0.72%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J20 Sub Account  | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J20 Sub Account  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |       298 | OU      | $267158.78    | 0.33%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Hudson Bay International Fund Ltd.                                                      | Hudson Bay International Fund Ltd.                                                      | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     10000 | OU      | $14087386.54  | 17.47%            |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY19 Sub Account | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY19 Sub Account | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |        12 | OU      | $18740.40     | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY18 Sub Account | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY18 Sub Account | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |        34 | OU      | $26137.46     | 0.03%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J19 Sub Account  | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J19 Sub Account  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |         0 | OU      | $7177.97      | 0.01%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Melody Special Situations Offshore Credit Fund LP, Class R                              | Melody Special Situations Offshore Credit Fund LP, Class R                              | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |      4733 | OU      | $4033829.06   | 5.00%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY17 Sub Account | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - MY17 Sub Account | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |       103 | OU      | $17639.91     | 0.02%             |  |  |  | Yes           | N/A                | On Loan: No      |
| Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J17 Sub Account  | Aeolus Property Catastrophe Keystone PF Fund LP - Keystone PF Unites - J17 Sub Account  | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |        98 | OU      | $29980.66     | 0.04%             |  |  |  | Yes           | N/A                | On Loan: No      |
| ArrowMark Income Opportunity Fund QP, Ltd Class A Series A1                             | ArrowMark Income Opportunity Fund QP, Ltd Class A Series A1                             | CUSIP: 999999999<br>LEI: N/A | Long             |  | PF                | US        |     12585 | OU      | $10693730.37  | 13.26%            |  |  |  | Yes           | N/A                | On Loan: No      |
| GMO EMERG COUNTRY DEBT-III                                                              | GMO EMERG COUNTRY DEBT-III                                                              | CUSIP: 362007270<br>LEI: N/A | Long             |  | PF                | US        |    433170 | PA      | $7532819.47   | 9.34%             |  |  |  | No            | 1                  | On Loan: No      |
| FIRST TRUST NORTH AMERICAN E                                                            | FIRST TRUST NORTH AMERICAN E                                                            | CUSIP: 33738D101<br>LEI: N/A | Long             | EC               | RF                | US        |    148984 | NS      | $3976382.96   | 4.93%             |  |  |  | No            | 1                  | On Loan: No      |
| UMB Money Market Sweep Account                                                          | UMB Money Market Sweep Account                                                          | CUSIP: 999999999<br>LEI: N/A | Long             | STIV             | CORP              | US        |   1265631 | PA      | $1265631.07   | 1.57%             |  |  |  | No            | 1                  | On Loan: No      |
| FIDELITY INSTL CASH PTF GOVT CL I                                                       | FIDELITY INSTL CASH PTF GOVT CL I                                                       | CUSIP: 316175108<br>LEI: N/A | Long             | STIV             | CORP              | US        |  12796858 | PA      | $12796857.92  | 15.87%            |  |  |  | No            | 1                  | On Loan: No      |

### Signature

**Date Signed:** 2023-01-31

**Name of Applicant:** Agility Multi-Asset Income Fund

**Signature:** /s/ Kent Muckel

**Name of Signer:** Kent Muckel

**Title:** President