CAZ Strategic Opportunities Fund

Data through 2026-03-31 · latest filing N-CSR filed 2026-06-08

Sponsored by CAZ Investments. Interval Fund structure focused on multi-strategy.

Interval FundMulti-strategy

Sponsor: CAZ Investments
CIK: 0001984165
Liquidity: Quarterly repurchase offers at NAV
Inception: 2024

Net assets: $695.0M

source

Shareholder report (Form N-CSR) · filed 2026-06-08 · period 2026-03-31

Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)

“Total Assets 708,460,285 | Total Liabilities 13,428,705 | Net Assets $ 695,031,580”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1984165/000121390026066147/ea0286739-01_ncsr.htm | Statement of Assets and Liabilities fund-level identity (Total assets - Total liabilities [- Preferred Shares] = Net Assets; no per-class breakdown template matched this filer agent)
NAV / share: $28.39

source

Shareholder report (Form N-CSR) · filed 2026-06-08 · period 2026-03-31

Consolidated Statement of Assets and Liabilities: 'Pricing of Class A Shares Net assets applicable to Class A Shares $6,849,452 ... outstanding 241,860 ... $28.32', 'Pricing of Class E Shares ... $107,965,101 ... 3,775,015 ... $28.60', 'Pricing of Class F Shares ... $202,909,378 ... 7,094,647 ... $28.60', 'Pricing of Class I Shares ... $329,552,024 ... 11,606,890 ... $28.39', 'Pricing of Class R Shares ... $47,755,625 ... 1,691,994 ... $28.22' (each class ties its own net-assets/shares-outstanding line; the five class net-assets figures sum exactly to the fund's disclosed $695,031,580 total Net Assets). Class I is canonical: the majority class by net assets (47.4%).

“Pricing of Class A Shares Net assets applicable to Class A Shares $ 6,849,452 ... $ 28.32 ... Pricing of Class I Shares Net assets applicable to Class I Shares $ 329,552,024 Class I Shares outstanding ... 11,606,890 Net asset value, offering and repurchase price per share $ 28.39”

Method Matched text template against the filing

Open the filing on SEC.gov · Full observation history

Technical locator

https://www.sec.gov/Archives/edgar/data/1984165/000121390026066147/ea0286739-01_ncsr.htm | Consolidated Statement of Assets and Liabilities: 'Pricing of Class A Shares Net assets applicable to Class A Shares $6,849,452 ... outstanding 241,860 ... $28.32', 'Pricing of Class E Shares ... $107,965,101 ... 3,775,015 ... $28.60', 'Pricing of Class F Shares ... $202,909,378 ... 7,094,647 ... $28.60', 'Pricing of Class I Shares ... $329,552,024 ... 11,606,890 ... $28.39', 'Pricing of Class R Shares ... $47,755,625 ... 1,691,994 ... $28.22' (each class ties its own net-assets/shares-outstanding line; the five class net-assets figures sum exactly to the fund's disclosed $695,031,580 total Net Assets). Class I is canonical: the majority class by net assets (47.4%).
Net flows, last qtr: +13.4%
Distribution coverage (NII): Pending
Leverage in use: Unlevered
Total return, 12m: Pending

01 / Signals

What changed in the latest filings.

Current findings ordered by severity. Each observation remains traceable to its filed source.

No current red or yellow flags in filings reviewed through 2026-07-31.

Historical findings (1)

Gross share sales: Inflow stall (fundraising flywheel): gross sales down >= 50% vs same period prior year [Notify, 2024-05-31]
Gross share sales triggered rule C13 for the period ending 2024-05-31.

02 / Trends

How the fund has moved.

Net asset value, total return, capital flows, and distribution coverage across the filing record.

Net capital flows, % of NAV

Filed performance

Window	Class	Basis	Return	Source
2025-04-01 to 2025-09-30 semiannual · annualization not stated	Class I	basis not stated in the filed row	+5.27%	SEC source 0001213900-25-118535 N-CSRS filed 2025-12-05
2024-04-01 to 2025-03-31 fiscal year · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote (d) Total return is a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. The returns shown do not reflect the deduction of taxes a shareholder would pay on Fund distributions, if any, or the repurchase of Fund shares. The returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+17.37%	SEC source 0001213900-25-052533 N-CSR filed 2025-06-09
2024-03-01 to 2024-03-31 since inception · annualization not stated	Class I	basis not stated in the filed row Includes the filed waiver/reimbursement return note Filed return footnote (d) Total return is a measure of the change in value of an investment in the Fund over the period covered, which assumes any dividends and capital gain distributions are reinvested in shares of the Fund. The returns shown do not reflect the deduction of taxes a shareholder would pay on Fund distributions, if any, or the repurchase of Fund shares. The returns would have been lower if certain expenses had not been waived or reimbursed by the Adviser.	+0.20%	SEC source 0001580642-24-003111 N-CSR filed 2024-06-07

Figures are reproduced from filed disclosures with their exact window, class, and stated basis. They are separate from the calculated NAV-plus-distributions index and from manager-source monthly returns.

Manager-reported performance

Manager-reported; not from SEC filings. These exact-window values appear only where no SEC-filed or SEC-derived observation covers the same fund, canonical class, and window.

Window	Class	Return	Manager source
Jan 1–Mar 31, 2026	Class I	+4.82%	CAZ Investments source Citation and archived evidence Retrieved 2026-08-04T17:43:19.660068+00:00 Archived-content SHA-256: `b9e80239a8243f9efc9c298f167469297a5f607ee5db39f6ce629c263f3abe4f` View evidence excerpt

Monthly performance eligibility

Canonical class: Class I · basis: no qualifying monthly chain · qualifying history: 0 months.

1y: Pending; 3y: Pending; 5y: Pending Manager-published observations remain distinct from SEC-filed facts and publish only after declared-crawler, robots, class, exact-window, and SEC-precedence gates pass.

03 / Portfolio

What moved inside the book.

Filed portfolio-health facts and position changes. Missing disclosures stay visibly missing.

Pending

04 / Redemptions

Where exit demand met the cap.

Stated cap: 5% of shares/quarter. The disclosed history shows no rationed period.

Period	Requested	Filled	Cap used	Status
2026-03-31	Pending	Pending	10%	Pending
2025-12-31	Pending	Pending	6%	Pending
2025-09-30	Pending	Pending	4%	Pending
2025-06-30	Pending	Pending	4%	Pending

05 / Financing

How the balance sheet is funded.

Borrowings, unused capacity, and synthetic exposure are separated so unlike risks do not collapse into one ratio.

Pending

06 / Share classes

How the offering is divided.

A filed share-class breakdown and terms-based role descriptions. This is not an estimate of who owns the fund.

Class A 1.0%Class E 15.5%Class F 29.2%Class I 47.4%Class R 6.9%

Share of total net assets ($695,031,580) as of 2026-03-31; the hatched band is net assets the filings do not attribute to a captured class.

Class	Terms-based role description	Load	Servicing	Minimum	Assets
Class A	Pending	Pending	Pending	Pending	$6,849,4522026-03-31
Class E	Pending	Pending	Pending	Pending	$107,965,1012026-03-31
Class F	Pending	Pending	Pending	Pending	$202,909,3782026-03-31
Class I	Pending	Pending	Pending	Pending	$329,552,0242026-03-31
Class R	Pending	Pending	Pending	Pending	$47,755,6252026-03-31

Management fee: 1.25% of avg net assets per year, current as of latest filed disclosure. Research only: not used in a fee distribution. SEC source 0001213900-26-066147.

Filed fee conditions

The Fund pays the Adviser a Management Fee, which is paid monthly in arrears at an annual rate of 1.25% of the average net assets of the Fund, including assets purchased with the borrowed funds or other forms of leverage.

Canonical-class fee profile

Class	Management	Incentive	Load	Servicing	Gross expenses	Net expenses
Class I	1.25%	None * None. The standardized prospectus fee table contains no incentive/performance-fee line. SEC source 0001213900-25-104328	Pending	Pending	2.64%filed basis * Filed label: Expenses b efore fees waived (h); period 2026-03-31. before/excluding fee relief (explicit filing row); waiver state: before / excluding disclosed support. SEC source 0001213900-26-066147	2.57%filed basis * Filed label: Expenses a fter fees waived (h)(j); period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: not separately stated; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001213900-26-066147 3.25%filed basis * Filed label: Expenses a fter fees waived and including taxes from realiz ed an d unrealized investments (h)(j); period 2026-03-31. After waiver: not separately stated; interest: not separately stated; tax: included; incentive compensation: not separately stated; acquired-fund expenses: not separately stated. SEC source 0001213900-26-066147

Expense-ratio caution. These are the issuer’s filed figures for the designated analysis class. They are not placed in a fee ranking because denominators and included expenses are not yet normalized across funds. Hover or click * for the filed label, period, components, and SEC source.

07 / Sources

The evidence beneath the page.

Filed terms and recent documents remain available without crowding the primary research flow.

Term register (1)

Term	Description	Value	Effective
advisory_fee_schedule	The Fund pays the Adviser a Management Fee, which is paid monthly in arrears at an annual rate of 1.25% of the average net assets of the Fund, including assets purchased with the borrowed funds or other forms of leverage.	1.25 pct_annual_of_avg_net_assets	Pending

Recent filings

Filed	Form	Accession
2026-06-08	N-CSR	0001213900-26-066147
2026-05-28	NPORT-P	0000910472-26-008019
2026-05-21	N-23C3A	0001213900-26-059902
2026-03-02	NPORT-P	0000910472-26-003606
2026-02-27	N-23C3A	0001213900-26-021179
2025-12-05	N-CSRS	0001213900-25-118535
2025-12-02	N-23C3A	0001213900-25-117004
2025-11-26	NPORT-P	0000910472-25-004687
2025-11-20	SC TO-I/A	0001213900-25-113184
2025-10-31	486BPOS	0001213900-25-104328
2025-10-22	424B3	0001213900-25-101313
2025-08-28	NPORT-P	0001752724-25-209953
2025-08-15	SC TO-I	0001213900-25-077101
2025-08-07	SC TO-I/A	0001213900-25-072894
2025-06-09	N-CSR	0001213900-25-052533