Infinity Q Diversified Alpha Fund (IQDNX/IQDAX) Liquidation

Infinity Q Diversified Alpha Fund (IQDNX/IQDAX) Liquidation

Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
May 31, 2024

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, as updated November 8, 2021, and as amended by the Special Master and approved by the federal court on March 26, 2024, the Fund presents certain financial information on a monthly basis.


Below is the information for the month ended May 31, 2024. 

Beginning Money Market Fund Balance

$108,438,515

Money Market Fund Dividends Received (May 1-31, 2024)

$943,810

Expenses Paid (May 1-31, 2024)*

($58,969)

  Ending Money Market Fund Balance at May 31, 2024 $109,323,356

Money Market Fund Dividends Accrued (May 1-31, 2024)

$482,289

Total Assets at May 31, 2024**

$109,805,645

Remaining Special Reserve Amount at May 31, 2024

$99,682,599

Undistributed Net Income at May 31, 2024

$7,079,156

* At May 31, 2024, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $109,805,645 as of May 31, 2024 consisted of the May month-end money market fund balance of $109,323,356 and May money market fund dividend accrual of $482,289.  As shown above, the April dividends accrued were received by the Fund in May.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
April 30, 2024

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, as updated November 8, 2021, and as amended by the Special Master and approved by the federal court on March 26, 2024, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended April 30, 2024. 
 

Beginning Money Market Fund Balance

$589,318,727

Money Market Fund Dividends Received (April 1-30, 2024)

$2,605,671

Expenses Paid (April 1-30, 2024)*

($258,432)

  Fourth Interim Distribution Paid ** $483,227,451

Ending Money Market Fund Balance at April 30, 2024

$108,438,515

Money Market Fund Dividends Accrued (April 1-30, 2024)

$943,810

Total Assets at April 30, 2024***

$109,382,325

Remaining Special Reserve Amount at April 30, 2024

$99,741,568

Undistributed Net Income at April 30, 2024

$7,039,845

* At April 30, 2024, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

 ** Consistent with the Fund's Plan of Distribution, the total amount the Fund distributed was net of offsets for those shareholders who were overpaid when they redeemed Fund shares prior to February 19, 2021 because of NAVs that the Fund determined were overstated.

***The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $109,382,325 as of April 30, 2024 consisted of the April month-end money market fund balance of $108,438,515 and April money market fund dividend accrual of $943,810.  As shown above, the March dividends accrued were received by the Fund in April.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
March 31, 2024

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, as updated November 8, 2021, and as amended by the Special Master and approved by the federal court on March 26, 2024, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended March 31, 2024. The Remaining Special Reserve Amount at March 31, 2024 reflects the amount of the reserve after the anticipated interim distribution of $487,384,067 in April 2024, as described in note *** below.
 

Beginning Money Market Fund Balance

$587,129,161

Money Market Fund Dividends Received (March 1-31, 2024)

$2,428,635

Expenses Paid (March 1-31, 2024)*

($239,069)

Ending Money Market Fund Balance at March 31, 2024

$589,318,727

Money Market Fund Dividends Accrued (March 1-31, 2024)

$2,605,671

Total Assets at March 31, 2024**/***

$591,924,398

Remaining Special Reserve Amount at March 31, 2024

$100,000,000

Undistributed Net Income at March 31, 2024

$6,443,213

* At March 31, 2024, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

 ** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $591,924,398 as of March 31, 2024 consisted of the March month-end money market fund balance of $589,318,727 and March money market fund dividend accrual of $2,605,671.  As shown above, the February dividends accrued were received by the Fund in March.

***On February 26, 2024, the Special Master filed a Proposed Amended Distribution Plan, which was approved by the federal court on March 26, 2024. Under the Amended Distribution Plan, the Fund will make an interim distribution to shareholders of $487,384,067 (less distribution expenses) pursuant to the same methodology that was used in prior distributions.  The Fund anticipates it will begin sending checks and distributing amounts to intermediaries with respect to the interim distribution in April 2024. A copy of the Notice, Amended Distribution Plan, Proposed Order, Final Order and accompanying exhibits can be accessed on this website’s homepage.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
February 29, 2024

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended February 29, 2024.
 

Beginning Money Market Fund Balance

$584,789,750

Money Market Fund Dividends Received (February 1-29, 2024)

$2,594,317

Expenses Paid (February 1-29, 2024)*

($254,906)

Ending Money Market Fund Balance at February 29, 2024

$587,129,161

Money Market Fund Dividends Accrued (February 1-29, 2024)

$2,428,635

Total Assets at February 29, 2024**/***

$589,557,796

Remaining Special Reserve Amount at February 29, 2024

$562,196,223

Undistributed Net Income at February 29, 2024

$4,220,422

* At February 29, 2024, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

 ** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $589,557,796 as of February 29, 2024 consisted of the February month-end money market fund balance of $587,129,161 and February money market fund dividend accrual of $2,428,635.  As shown above, the January dividends accrued were received by the Fund in February.

***On February 26, 2024, the Special Master filed a Proposed Amended Distribution Plan for federal court approval. The Amended Distribution Plan proposes an interim distribution to shareholders of $487,384,067 (less distribution expenses) pursuant to the same methodology that was used in prior distributions.  The Special Master’s plan indicates that the interim distribution is expected to be made promptly (likely within 60 days) after the federal court enters an order approving the plan.  The Special Master’s notice of the amended plan states that any objections to the plan must be filed with the federal court on or before March 18, 2024.   A copy of the Notice, Amended Distribution Plan, Proposed Order and accompanying exhibits can be accessed on this website’s homepage.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
January 31, 2024

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended January 31, 2024.
 

Beginning Money Market Fund Balance

$582,283,795

Money Market Fund Dividends Received (January 1-31, 2024)

$2,636,593

Expenses Paid (January 1-31, 2024)*

($130,638)

Ending Money Market Fund Balance at January 31, 2024

$584,789,750

Money Market Fund Dividends Accrued (January 1-31, 2024)

$2,594,317

Total Assets at January 31, 2024**

$587,384,067

Remaining Special Reserve Amount at January 31, 2024

$562,451,129

Undistributed Net Income at January 31, 2024

$1,955,069

* At January 31, 2024, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

 ** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $587,384,067 as of January 31, 2024 consisted of the January month-end money market fund balance of $584,789,750 and January money market fund dividend accrual of $2,594,317.  As shown above, the December dividends accrued were received by the Fund in January.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
December 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended December 31, 2023.
 

Beginning Money Market Fund Balance

$604,614,763

Money Market Fund Dividends Received (December 1-31, 2023)

$2,602,957

Expenses Paid (December 1-31, 2023)*

($382,780)

  Distribution Paid** ($24,551,145)

Ending Money Market Fund Balance at December 31, 2023

$582,283,795

Money Market Fund Dividends Accrued (December 1-31, 2023)

$2,636,593

Total Assets at December 31, 2023***

$584,920,388

 

 

Remaining Special Reserve Amount at December 31, 2023

$562,581,767

Undistributed Net Income at December 31, 2023

-

 

* At December 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

 ** The Fund made a distribution of its net income to shareholders. Consistent with the Fund’s Plan of Distribution, the total amount the Fund distributed was net of offsets for those shareholders who were overpaid when they redeemed Fund shares prior to February 19, 2021 because of NAVs that the Fund determined were overstated.

*** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $584,920,390 as of December 31, 2023 consisted of the December month-end money market fund balance of $582,283,797 and December money market fund dividend accrual of $2,636,593.  As shown above, the November dividends accrued were received by the Fund in December.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
November 30, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended November 30, 2023.
 

Beginning Money Market Fund Balance

$602,059,239

Money Market Fund Dividends Received (November 1-30, 2023)

$2,674,427

Expenses Paid (November 1-30, 2023)*

($118,903)

Ending Money Market Fund Balance at November 30, 2023

$604,614,763

 

 

Money Market Fund Dividends Accrued (November 1-30, 2023)

$2,602,957

Total Assets at November 30, 2023**

$607,217,720

 

 

Remaining Special Reserve Amount at November 30, 2023

$562,964,547

Undistributed Net Income at November 30, 2023

$22,409,286

 

* At November 30, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $607,217,720 as of November 30, 2023 consisted of the November month-end money market fund balance of $604,614,763 and November money market fund dividend accrual of $2,602,957.  As shown above, the October dividends accrued were received by the Fund in November.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
October 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended October 31, 2023.
 

Beginning Money Market Fund Balance

$599,716,479

Money Market Fund Dividends Received (October 1-31, 2023)

$2,575,558

Expenses Paid (October 1-31, 2023)*

($232,798)

Ending Money Market Fund Balance at October 31, 2023

$602,059,239

 

 

Money Market Fund Dividends Accrued (October 1-31, 2023)

$2,674,427

Total Assets at October 31, 2023**

$604,733,666

 

 

Remaining Special Reserve Amount at October 31, 2023

$563,083,450

Undistributed Net Income at October 31, 2023

$20,190,889

 

* At October 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $604,733,666 as of October 31, 2023 consisted of the October month-end money market fund balance of $602,059,239 and October money market fund dividend accrual of $2,674,427.  As shown above, the September dividends accrued were received by the Fund in October.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
September 30, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended September 30, 2023.
 

Beginning Money Market Fund Balance

$597,108,851

Money Market Fund Dividends Received (September 1-30, 2023)

$2,643,647

Expenses Paid (September 1-30, 2023)*

($36,019)

Ending Money Market Fund Balance at September 30, 2023

$599,716,479

 

 

Money Market Fund Dividends Accrued (September 1-30, 2023)

$2,575,558

Total Assets at September 30, 2023**

$602,292,037

 

 

Remaining Special Reserve Amount at September 30, 2023

$563,316,248

Undistributed Net Income at September 30, 2023

$17,685,624

 

* At September 30, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $602,292,037 as of September 30, 2023 consisted of the September month-end money market fund balance of $599,716,479 and September money market fund dividend accrual of $2,575,558.  As shown above, the August dividends accrued were received by the Fund in September.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
August 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended August 31, 2023.
 

Beginning Money Market Fund Balance

$595,403,348

Money Market Fund Dividends Received (August 1-31, 2023)

$2,540,267

Expenses Paid (August 1-31, 2023)*

($834,764)

Ending Money Market Fund Balance at August 31, 2023

$597,108,851

 

 

Money Market Fund Dividends Accrued (August 1-31, 2023)

$2,643,647

Total Assets at August 31, 2023**

$599,752,498

 

 

Remaining Special Reserve Amount at August 31, 2023

$563,352,267

Undistributed Net Income at August 31, 2023

$15,068,946

 

* At August 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $599,752,498 as of August 31, 2023 consisted of the August month-end money market fund balance of $597,108,851 and August money market fund dividend accrual of $2,643,647.  As shown above, the July dividends accrued were received by the Fund in August.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
July 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended July 31, 2023.
 

Beginning Money Market Fund Balance

$593,030,387

Money Market Fund Dividends Received (July 1-31, 2023)

$2,431,404

Expenses Paid (July 1-31, 2023)*

($58,443)

Ending Money Market Fund Balance at July 31, 2023

$595,403,348

 

 

Money Market Fund Dividends Accrued (July 1-31, 2023)

$2,540,268

Total Assets at July 31, 2023**

$597,943,616

 

 

Remaining Special Reserve Amount at July 31, 2023

$564,187,031

Undistributed Net Income at July 31, 2023

$12,469,016

 

* At July 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $597,943,616 as of July 31, 2023 consisted of the July month-end money market fund balance of $595,403,348 and July money market fund dividend accrual of $2,540,268.  As shown above, the June dividends accrued were received by the Fund in July.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
June 30, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended June 30, 2023.
 

Beginning Money Market Fund Balance

$590,989,496

Money Market Fund Dividends Received (June 1-30, 2023)

$2,482,639

Expenses Paid (June 1-30, 2023)*

($441,749)

Ending Money Market Fund Balance at June 30, 2023

$593,030,386

 

 

Money Market Fund Dividends Accrued (June 1-30, 2023)

$2,431,404

Total Assets at June 30, 2023**

$595,461,790

 

 

Remaining Special Reserve Amount at June 30, 2023

$564,245,473

Undistributed Net Income at June 30, 2023

$10,670,039

 

* At June 30, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $595,461,790 as of June 30, 2023 consisted of the June month-end money market fund balance of $593,030,386 and June money market fund dividend accrual of $2,431,404.  As shown above, the May dividends accrued were received by the Fund in June.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
May 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended May 31, 2023.
 

Beginning Money Market Fund Balance

$589,149,501

Money Market Fund Dividends Received (May 1-31, 2023)

$2,286,634

Expenses Paid (May 1-31, 2023)*

($446,639)

Ending Money Market Fund Balance at May 31, 2023

$590,989,496

 

 

Money Market Fund Dividends Accrued (May 1-31, 2023)

$2,282,639

Total Assets at May 31, 2023**

$593,272,135

 

 

Remaining Special Reserve Amount at May 31, 2023

$564,687,222

Undistributed Net Income at May 31, 2023

$8,633,992

 

* At May 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $593,272,135 as of May 31, 2023 consisted of the May month-end money market fund balance of $590,989,496 and May money market fund dividend accrual of $2,282,639.  As shown above, the April dividends accrued were received by the Fund in May.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
April 30, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended April 30, 2023.
 

Beginning Money Market Fund Balance

$588,021,609

Money Market Fund Dividends Received (April 1-30, 2023)

$2,266,251

Expenses Paid (April 1-30, 2023)*

($,1,138,359)

Ending Money Market Fund Balance at April 30, 2023

$589,149,501

 

 

Money Market Fund Dividends Accrued (April 1-30, 2023)

$2,286,634

Total Assets at April 30, 2023**

$591,436,135

 

 

Remaining Special Reserve Amount at April 30, 2023

$565,133,861

Undistributed Net Income at April 30, 2023

$6,411,306

 

* At April 30, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $591,436,135 as of April 30, 2023 consisted of the April month-end money market fund balance of $589,149,501 and April money market fund dividend accrual of $2,286,634.  As shown above, the March dividends accrued were received by the Fund in April.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
March 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended March 31, 2023.
 

Beginning Money Market Fund Balance

$586,132,406

Money Market Fund Dividends Received (March 1-31, 2023)

$1,992,640

Expenses Paid (March 1-31, 2023)*

($103,437)

Ending Money Market Fund Balance at March 31, 2023

$588,021,609

 

 

Money Market Fund Dividends Accrued (March 1-31, 2023)

$2,226,251

Total Assets at March 31, 2023**

$590,287,860

 

 

Remaining Special Reserve Amount at March 31, 2023

$566,272,221

Undistributed Net Income at March 31, 2023

$4,568,810

 

* At March 31, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund’s Total Assets include an accrual for dividends declared on its money market fund investment throughout each month.  Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund.  For example, the Fund’s total assets of $590,287,860 as of March 31, 2023 consisted of the March month-end money market fund balance of $588,021,609 and March money market fund dividend accrual of $2,266,251.  As shown above, the February dividends accrued were received by the Fund in March.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
February 28, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 


Below is the information for the month ended February 28, 2023.
 

Beginning Money Market Fund Balance

$584,075,169

Money Market Fund Dividends Received (February 1-28, 2023)

$2,057,237

Expenses Paid (February 1-28, 2023)*

-

Ending Money Market Fund Balance at February 28, 2023

$586,132,406

 

 

Money Market Fund Dividends Accrued (February 1-28, 2023)

$1,992,640

Total Assets at February 28, 2023**

$588,125,046

 

 

Remaining Special Reserve Amount at February 28, 2023

$566,375,657

Undistributed Net Income at February 28, 2023

$2,895,365

 

* At February 28, 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund's Total Assets include an accrual for the dividends declared on its money market fund investment throughout each month. Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund. For example, the Fund's total assets of $588,125,046 as of February 28, 2023 consisted of the February month-end money market fund balance of $586,132,406 and February money market fund dividend accrual of $1,992,640. As shown above, the January dividends accrued were received by the fund in February.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
January 31, 2023

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis. 

 

The format of the January 2023 month-end presentation is the same as the format of the December 2022 month-end presentation, which was modified to more clearly show the month-over-month change in the Fund's Total Assets and provide additional detail about the components of the Fund's Total Assets. 

 

Below is the information for the month ended January 31, 2023.

 

Beginning Money Market Fund Balance

$582,168,347

Money Market Fund Dividends Received (January 1-31, 2023)

$1,906,822

Expenses Paid (January 1-31, 2023)*

-

Ending Money Market Fund Balance at January 31, 2023

$584,075,169

 

 

Money Market Fund Dividends Accrued (January 1-31, 2023)

$2,057,237

Total Assets at January 31, 2023**

$586,132,406

 

 

Remaining Special Reserve Amount at January 31, 2023

$566,375,657

Undistributed Net Income at January 31, 2023

$2,046,569

 

* At , 2023, the Fund had unpaid expenses currently under the review of the Special Master and pending approval by the Court.

** The Fund's Total Assets include an accrual for the dividends declared on its money market fund investment throughout each month. Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund. For example, the Fund's total assets of $584,075,169 as of December 31, 2022 consisted of the December month-end money market fund balance of $582,168,347 and December money market fund dividend accrual of $1,906,822. As shown above, the December dividends accrued were received by the fund in January.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
December 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

The format of the December 2022 month-end presentation has been modified to more clearly show the month-over-month change in the Fund's Total Assets and provide additional detail about the components of the Fund's Total Assets. 

 

Below is the information for the month ended December 31, 2022.

 

Beginning Money Market Fund Balance

$580,594,156

Money Market Fund Dividends Received (December 1-31, 2022)

$1,659,075

Expenses Paid (December 1-31, 2022)

($84,884)

Ending Money Market Fund Balance at December 31, 2022

$582,168,347

 

 

Money Market Fund Dividends Accrued (December 1-31, 2022)

$1,906,822

Total Assets at December 31, 2022*

$584,075,169

 

 

Remaining Special Reserve Amount at December 31, 2022

$566,375,657

Undistributed Net Income at December 31, 2022

-

 

* The Fund's Total Assets include an accrual for the dividends declared on its money market fund investment throughout each month. Those accrued dividends are not part of the month-end money market fund balance because the money market fund typically pays those dividends in the following month, at which time they are reinvested in the money market fund. For example, the Fund's total assets of $582,253,231 as of November 30, 2022 consisted of the November month-end money market fund balance of $580,594,156 and November money market fund dividend accrual of $1,659,075. As shown above, the November dividends accrued were received by the fund in December.

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
November 30, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended November 30, 2022.

 

Total Assets at November 30, 2022

$582,253,231

Fund Expenses Paid (November 1 - November 30, 2022)

$180,646

Remaining Special Reserve Amount at November 30, 2022

$566,460,541

Undistributed Net Income at November 30, 2022

$-

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
October 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended October 31, 2022.

 

Total Assets at October 31, 2022

$580,775,145

Fund Expenses Paid (October 1 - October 31, 2022)

$211,057

Remaining Special Reserve Amount at October 31, 2022

$566,641,188

Undistributed Net Income at October 31, 2022

$-

 


Monthly Report under the Plan of Distribution for the
Infinity Q Diversified Alpha Fund
September 30, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended September 30, 2022.

 

Total Assets at September 30, 2022*

$579,594,163

Fund Expenses Paid (September 1 - September 30, 2022)

$1,002,292

Remaining Special Reserve Amount at September 30, 2022

$566,852,245

Undistributed Net Income at September 30, 2022

$-

* Total assets reflect the amount remaining after Second Interim Distribution payments made to Fund shareholders in September 2022 totaling $90,988.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

August 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended August 31, 2022.

 

Total Assets at August 31, 2022*

$579,588,641

Fund Expenses Paid (August 1 - August 31, 2022)

$410,579

Remaining Special Reserve Amount at August 31, 2022

$567,854,537

Undistributed Net Income at August 31, 2022

$-

* Total assets reflect the amount remaining after Second Interim Distribution payments made to Fund shareholders in August 2022 totaling $469,413.

 

Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

July 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended July 31, 2022.

 

Total Assets at July 31, 2022*

$579,490,181

Fund Expenses Paid (July 1 - July 31, 2022)

$436,609

Remaining Special Reserve Amount at July 31, 2022

$568,265,116

Undistributed Net Income at July 31, 2022

$-

* Total assets reflect the amount remaining after Second Interim Distribution payments made to Fund shareholders in July 2022 totaling $710,679.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

June 30, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended June 30, 2022.

 

Total Assets at June 30, 2022*

$579,969,517

Fund Expenses Paid (June 1 - June 30, 2022)

$694,062

Remaining Special Reserve Amount at June 30, 2022

$568,701,724

Undistributed Net Income at June 30, 2022

$-

* Total assets reflect the amount remaining after Second Interim Distribution payments made to Fund shareholders in June 2022 totaling $31,275,364.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

May 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended May 31, 2022.

 

Total Assets at May 31, 2022*

$611,213,692

Fund Expenses Paid (May 1 - May 31, 2022)

$362,035

Remaining Special Reserve Amount at May 31, 2022

$569,395,787

Undistributed Net Income at May 31, 2022

$-

* Total assets reflect the amount remaining after Second Interim Distribution payments made to Fund shareholders in May 2022 totaling $48,445,348.


 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

April 30, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended April 30, 2022.

 

Total Assets at April 30, 2022*

$659,935,434

Fund Expenses Paid (April 1 - April 30, 2022)

$1,169,112

Remaining Special Reserve Amount at April 30, 2022**

$569,757,822

Undistributed Net Income at April 30, 2022

$-

* Total assets reflect payments of $79,869,915 related to the commencement of the Second Interim Distribution.

** The Special Reserve was reduced by $170,000,000 in connection with the Second Interim Distribution.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

March 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended March 31, 2022.

 

Total Assets at March 31, 2022

$740,943,128

Fund Expenses Paid (March 1 - March 31, 2022)

$940,809

Remaining Special Reserve Amount at March 31, 2022

$740,926,934

Undistributed Net Income at March 31, 2022

$-

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

February 28, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended February 28, 2022.

 

Total Assets at February 28, 2022*

$741,878,228

Fund Expenses Paid (February 1 - February 28, 2022)

$872,723

Remaining Special Reserve Amount at February 28, 2022**

$741,867,743

Undistributed Net Income at February 28, 2022

$-

* Total assets reflect the amount remaining after payment of Interim Distributions in the amount of $3,294,300 during January and February 2022.

** The amount has been revised to correct a typographical error.  The amount should have been stated as $741,867,743 instead of $741,876,743.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

January 31, 2022

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended January 31, 2022.

 

Total Assets at January 31, 2022

$745,220,877

Fund Expenses Paid (January 1 - January 31, 2022)

$477,556

Redemption Claims Paid in January 2022

$16,654

Remaining Special Reserve Amount at January 31, 2022

$742,740,466

Undistributed Net Income at January 31, 2022

$-

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

December 31, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended December 31, 2021.

 

Total Assets at December 31, 2021*

$746,525,878

Fund Expenses Paid (December 1 - December 31, 2021)

$1,220,545

Remaining Special Reserve Amount at December 31, 2021

$743,234,675

Undistributed Net Income at December 31, 2021

$0

* Total assets reflect the amount remaining after payment of the Interim Distribution of $496,179,609 during December 2021.

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

November 30, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as updated November 8, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended November 30, 2021.

 

Total Assets at November 30, 2021

$1,243,903,362

Fund Expenses Paid (November 1 - November 30, 2021)

$748,752

Remaining Special Reserve Amount at November 30, 2021

$744,455,220

Undistributed Net Income at November 30, 2021

$0

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

October 31, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021 as amended, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended October 31, 2021.

 

Total Assets at October 31, 2021

$1,244,641,540

Fund Expenses Paid (October 1 - October 31, 2021)

$674,786

Remaining Special Reserve Amount at October 31, 2021

$745,203,972

Undistributed Net Income at October 31, 2021

$0

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

September 30, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended September 30, 2021.

 

Total Assets at September 30, 2021

$1,245,306,086

Fund Expenses Paid (September 1 - September 30, 2021)

$786,080

Remaining Special Reserve Amount at September 30, 2021

$745,878,758

Undistributed Net Income at September 30, 2021

$0

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

August 31, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended August 31, 2021.

 

Total Assets at August 31, 2021

$1,246,081,580

Fund Expenses Paid (August 1 - August 31, 2021)

$260,236

Remaining Special Reserve Amount at August 31, 2021

$746,664,838

Undistributed Net Income at August 31, 2021

$0

 

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

July 31, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended July 31, 2021.

 

Total Assets at July 31, 2021

$1,246,331,216

Fund Expenses Paid (July 1 - July 31, 2021)

$1,774,118

Remaining Special Reserve Amount at July 31, 2021

$746,925,074

Undistributed Net Income at July 31, 2021

$0

 

 


Monthly Report under the Plan of Distribution for the

Infinity Q Diversified Alpha Fund

June 30, 2021

 

Pursuant to Section IV of the Plan of Distribution adopted on June 7, 2021, the Fund presents certain financial information on a monthly basis.

 

Below is the information for the month ended June 30, 2021.

 

Total Assets at June 30, 2021

$1,248,095,070

Fund Expenses Paid (June 7-June 30, 2021)

$1,300,807

Remaining Special Reserve Amount at June 30, 2021

$748,699,193

Undistributed Net Income at June 30, 2021

$0