<SEC-DOCUMENT>0000910472-15-000279.txt : 20150429
<SEC-HEADER>0000910472-15-000279.hdr.sgml : 20150429
<ACCEPTANCE-DATETIME>20150429170806
ACCESSION NUMBER:		0000910472-15-000279
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20150228
FILED AS OF DATE:		20150429
DATE AS OF CHANGE:		20150429
EFFECTIVENESS DATE:		20150429

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Multi-Strategy Growth & Income Fund
		CENTRAL INDEX KEY:			0001523289
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE

	FILING VALUES:
		FORM TYPE:		NSAR-B
		SEC ACT:		1940 Act
		SEC FILE NUMBER:	811-22572
		FILM NUMBER:		15813838

	BUSINESS ADDRESS:	
		STREET 1:		450 WIRELESS BLVD.
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-470-2600

	MAIL ADDRESS:	
		STREET 1:		450 WIRELESS BLVD.
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer2.28.15.fil
<DESCRIPTION>MSGI 2.28.15 NSAR
<TEXT>
<PAGE>      PAGE  1
000 B000000 02/28/2015
000 C000000 1523289
000 D000000 N
000 E000000 NF
000 F000000 Y
000 G000000 N
000 H000000 N
000 I000000 6.1
000 J000000 A
001 A000000 MULTI-STRATEGY GROWTH & INCOME FUND
001 B000000 811-22572
001 C000000 6314702603
002 A000000 80 Arkay Drive Suite 110
002 B000000 HAUPPAUGE
002 C000000 NY
002 D010000 11788
003  000000 N
004  000000 N
005  000000 N
006  000000 N
007 A000000 N
007 B000000  0
007 C010100  1
008 A000001 RJL CAPITAL MANAGEMENT, LLC
008 B000001 A
008 C000001 801-72595
008 D010001 SAN DIEGO
008 D020001 CA
008 D030001 92128
010 A000001 GEMINI FUND SERVICES
010 C010001 HAUPPAUGE
010 C020001 NY
010 C030001 11788
011 A000001 NORTHERN LIGHTS DISTRIBUTORS, LLC
011 B000001 8-65857
011 C010001 OMAHA
011 C020001 NE
011 C030001 68137
012 A000001 GEMINI FUND SERVICES, LLC
012 B000001 84-1964
012 C010001 OMAHA
012 C020001 NE
012 C030001 68137
013 A000001 BBD, LLP
013 B010001 PHILADELPHIA
013 B020001 PA
013 B030001 19103
014 A000001 FIRST ALLIED SECURITIES
014 B000001 8-46167
014 A000002 LUCIA SECURITIES
014 B000002 8-47643
<PAGE>      PAGE  2
015 A000001 UNION BANK, N.A.
015 B000001 C
015 C010001 SAN FRANCISCO
015 C020001 CA
015 C030001 94104
015 E010001 X
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 FIRST ALLIED
020 C000001     51
020 A000002 RBC
020 C000002     25
021  000000       76
022 A000001 LUCIA SECURITIES
022 C000001     64200
022 D000001         0
022 A000002 RBC
022 C000002      5172
022 D000002     21414
023 C000000      69372
023 D000000      21414
024  000000 N
026 A000000 N
026 B000000 N
026 C000000 N
026 D000000 Y
026 E000000 N
026 F000000 Y
026 G010000 N
026 G020000 N
026 H000000 N
027  000000 N
028 A010000         0
028 A020000         0
028 A030000         0
028 A040000         0
028 B010000         0
028 B020000         0
028 B030000         0
028 B040000         0
028 C010000         0
028 C020000         0
028 C030000         0
028 C040000         0
028 D010000         0
028 D020000         0
028 D030000         0
028 D040000         0
028 E010000         0
028 E020000         0
<PAGE>      PAGE  3
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
028 F030000         0
028 F040000         0
028 G010000         0
028 G020000         0
028 G030000         0
028 G040000         0
028 H000000         0
030 A000000      0
030 B000000  0.00
030 C000000  0.00
031 A000000      0
031 B000000      0
032  000000      0
033  000000      0
035  000000      0
036 B000000      0
038  000000      0
042 A000000   0
042 B000000   0
042 C000000   0
042 D000000   0
042 E000000   0
042 F000000   0
042 G000000   0
042 H000000   0
043  000000      0
044  000000      0
045  000000 Y
046  000000 N
047  000000 Y
048  000000  0.750
048 A010000        0
048 A020000 0.000
048 B010000        0
048 B020000 0.000
048 C010000        0
048 C020000 0.000
048 D010000        0
048 D020000 0.000
048 E010000        0
048 E020000 0.000
048 F010000        0
048 F020000 0.000
048 G010000        0
048 G020000 0.000
048 H010000        0
048 H020000 0.000
<PAGE>      PAGE  4
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
048 K010000        0
048 K020000 0.000
049  000000 N
050  000000 N
051  000000 N
052  000000 N
053 A000000 N
054 A000000 Y
054 B000000 N
054 C000000 N
054 D000000 N
054 E000000 N
054 F000000 N
054 G000000 N
054 H000000 N
054 I000000 N
054 J000000 Y
054 K000000 N
054 L000000 N
054 M000000 N
054 N000000 N
054 O000000 N
055 A000000 N
055 B000000 N
056  000000 N
057  000000 N
058 A000000 N
059  000000 Y
060 A000000 N
060 B000000 N
061  000000     2500
062 A000000 N
062 B000000   0.0
062 C000000   0.0
062 D000000   0.0
062 E000000   0.0
062 F000000   0.0
062 G000000   0.0
062 H000000   0.0
062 I000000   0.0
062 J000000   0.0
062 K000000   0.0
062 L000000   0.0
062 M000000   0.0
062 N000000   0.0
062 O000000   0.0
062 P000000   0.0
<PAGE>      PAGE  5
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
066 A000000 Y
066 B000000 N
066 C000000 Y
066 D000000 N
066 E000000 N
066 F000000 N
066 G000000 N
067  000000 N
068 A000000 N
068 B000000 N
069  000000 N
070 A010000 Y
070 A020000 N
070 B010000 Y
070 B020000 Y
070 C010000 Y
070 C020000 N
070 D010000 Y
070 D020000 N
070 E010000 Y
070 E020000 N
070 F010000 Y
070 F020000 N
070 G010000 Y
070 G020000 N
070 H010000 Y
070 H020000 N
070 I010000 Y
070 I020000 N
070 J010000 Y
070 J020000 N
070 K010000 Y
070 K020000 Y
070 L010000 Y
070 L020000 N
070 M010000 N
070 M020000 N
070 N010000 N
070 N020000 N
070 O010000 Y
070 O020000 N
070 P010000 N
070 P020000 N
070 Q010000 N
070 Q020000 N
070 R010000 N
070 R020000 N
<PAGE>      PAGE  6
071 A000000    150205
071 B000000     81050
071 C000000    164536
071 D000000   49
072 A000000 12
072 B000000        0
072 C000000     6812
072 D000000        0
072 E000000        0
072 F000000     1364
072 G000000      170
072 H000000        0
072 I000000      624
072 J000000       22
072 K000000        0
072 L000000       98
072 M000000       44
072 N000000       78
072 O000000        0
072 P000000        0
072 Q000000       60
072 R000000       20
072 S000000       99
072 T000000       40
072 U000000        0
072 V000000        0
072 W000000      154
072 X000000     2773
072 Y000000        0
072 Z000000     4039
072AA000000      173
072BB000000        0
072CC010000     7179
072CC020000        0
072DD010000     3586
072DD020000       12
072EE000000     4143
073 A010000   0.4000
073 A020000   0.1200
073 B000000   0.3500
073 C000000   0.2100
074 A000000        0
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000   196394
074 G000000        0
074 H000000        0
074 I000000    14412
074 J000000    23782
<PAGE>      PAGE  7
074 K000000        0
074 L000000     1376
074 M000000       70
074 N000000   236034
074 O000000    36823
074 P000000      164
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000       78
074 S000000        0
074 T000000   198969
074 U010000    10662
074 U020000      654
074 V010000    16.74
074 V020000    16.71
074 W000000   0.0000
074 X000000     4638
074 Y000000        0
075 A000000        0
075 B000000   172473
076  000000    16.74
077 A000000 Y
077 B000000 Y
078  000000 N
080 A000000 Hartford Fire Insurance Co.
080 C000000      600
081 A000000 N
081 B000000   0
082 A000000 N
082 B000000        0
083 A000000 N
083 B000000        0
084 A000000 N
084 B000000        0
085 A000000 N
085 B000000 N
086 A010000   1088
086 A020000  18428
086 B010000      0
086 B020000      0
086 C010000      0
086 C020000      0
086 D010000      0
086 D020000      0
086 E010000      0
086 E020000      0
086 F010000      0
086 F020000      0
088 A000000 N
<PAGE>      PAGE  8
088 B000000 N
088 C000000 N
088 D000000 N
SIGNATURE   JAMES COLANTINO
TITLE       SVP FUND ADMINISTRAT

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>2
<FILENAME>NSARLetter.txt
<DESCRIPTION>MSGI 2.28.15 NSAR LETTER
<TEXT>





REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM



To the Board of Trustees and the Shareholders of
Multi-Strategy Growth & Income Fund


In planning and performing our audit of the financial statements of Multi-
Strategy Growth & Income Fund (the "Fund"), as of February 28, 2015
and for the year then ended, in accordance with the standards of the
Public Company Accounting Oversight Board (United States)
("PCAOB"), we considered internal control over financial reporting,
including control activities over safeguarding securities, as a basis for
designing our auditing procedures for the purpose of expressing our
opinion on the financial statements and to comply with the requirements
of Form N-SAR, but not for the purpose of expressing an opinion on the
effectiveness of the Funds internal control over financial reporting.
Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and
maintaining effective internal control over financial reporting.  In fulfilling
this responsibility, estimates and judgments by management are
required to assess the expected benefits and related costs of controls.  A
companys internal control over financial reporting is a process designed
to provide reasonable assurance regarding the reliability of financial
reporting and the preparation of financial statements for external
purposes in accordance with accounting principles generally accepted in
the United States of America ("GAAP").  A companys internal control
over financial reporting includes those policies and procedures that (1)
pertain to the maintenance of records that, in reasonable detail,
accurately and fairly reflect the transactions and dispositions of the
assets of the company; (2) provide reasonable assurance that
transactions are recorded as necessary to permit preparation of the
financial statements in accordance with GAAP, and that receipts and
expenditures of the company are being made only in accordance with
authorizations of management and trustees of the company; and (3)
provide reasonable assurance regarding prevention or timely detection of
unauthorized acquisition, use or disposition of a companys assets that
could have a material effect on the financial statements.

Because of inherent limitations, internal control over financial reporting
may not prevent or detect misstatements.  Also, projections of any
evaluation of effectiveness to future periods are subject to the risk that
controls may become inadequate because of changes in conditions or
that the degree of compliance with the policies or procedures may
deteriorate.

A deficiency in internal control over financial reporting exists when the
design or operation of a control does not allow management or
employees, in the normal course of performing their assigned functions,
to prevent or detect misstatements on a timely basis.  A material
weakness is a deficiency, or combination of deficiencies, in internal
control over financial reporting, such that there is a reasonable possibility
that a material misstatement of the Funds annual or interim financial
statements will not be prevented or detected on a timely basis.

Our consideration of the Funds internal control over financial reporting
was for the limited purpose described in the first paragraph and would
not necessarily disclose all deficiencies in internal control that might be
material weaknesses under standards established by the PCAOB.
However, we noted no deficiencies in the internal control over financial
reporting and operations, including controls over safeguarding securities
that we consider to be material weaknesses, as defined above, as of
February 28, 2015.

This report is intended solely for the information and use of
management, the shareholders and the Board of Trustees of Multi-
Strategy Growth & Income Fund and the Securities and Exchange
Commission and is not intended to be and should not be used by anyone
other than these specified parties.






							BBD, LLP


Philadelphia, Pennsylvania
April 28, 2015

</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
