<SEC-DOCUMENT>0001580642-17-002678.txt : 20170501
<SEC-HEADER>0001580642-17-002678.hdr.sgml : 20170501
<ACCEPTANCE-DATETIME>20170501171553
ACCESSION NUMBER:		0001580642-17-002678
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20170228
FILED AS OF DATE:		20170501
DATE AS OF CHANGE:		20170501
EFFECTIVENESS DATE:		20170501

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:		17801873

	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>answer.fil
<DESCRIPTION>MULTISTRAT ANSWER FILE
<TEXT>
<PAGE>      PAGE  1
000 B000000 02/28/2017
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 LLC
010 B000001 0
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 LUCIA SECURITIES
014 B000001 8-47643
015 A000001 MUFG Union Bank, N.A.
<PAGE>      PAGE  2
015 B000001 C
015 C010001 SAN FRANCISCO
015 C020001 CA
015 C030001 94104
018  000000 Y
019 A000000 N
019 B000000    0
020 A000001 LUCIA SECURITIES
020 C000001     15
021  000000       15
022 A000001 BNP PARIBAS
022 C000001     13750
022 D000001        50
022 A000002 UNION BANK
022 C000002       330
022 D000002      4105
023 C000000      14080
023 D000000       4155
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
028 E030000         0
028 E040000         0
028 F010000         0
028 F020000         0
<PAGE>      PAGE  3
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
048 I010000        0
048 I020000 0.000
048 J010000        0
048 J020000 0.000
<PAGE>      PAGE  4
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
062 Q000000   0.0
062 R000000   0.0
063 A000000   0
063 B000000  0.0
<PAGE>      PAGE  5
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 N
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
071 A000000     26372
071 B000000     43066
071 C000000    206160
071 D000000   13
<PAGE>      PAGE  6
072 A000000 12
072 B000000        5
072 C000000     7781
072 D000000        0
072 E000000        0
072 F000000     1492
072 G000000      189
072 H000000        0
072 I000000      673
072 J000000       98
072 K000000        0
072 L000000      138
072 M000000      115
072 N000000       76
072 O000000        0
072 P000000      169
072 Q000000       70
072 R000000       61
072 S000000      101
072 T000000      208
072 U000000        0
072 V000000       47
072 W000000       55
072 X000000     3492
072 Y000000        0
072 Z000000     4294
072AA000000        0
072BB000000     3852
072CC010000    17531
072CC020000        0
072DD010000     3027
072DD020000      360
072EE000000        0
073 A010000   0.2926
073 A020000   0.2804
073 B000000   0.6475
073 C000000   0.0000
074 A000000      487
074 B000000        0
074 C000000        0
074 D000000        0
074 E000000        0
074 F000000   202454
074 G000000        0
074 H000000        0
074 I000000     5382
074 J000000      672
074 K000000        0
074 L000000     1138
074 M000000       26
074 N000000   210159
<PAGE>      PAGE  7
074 O000000     3995
074 P000000      204
074 Q000000        0
074 R010000        0
074 R020000        0
074 R030000        0
074 R040000      130
074 S000000        0
074 T000000   205830
074 U010000    10733
074 U020000     1595
074 V010000    15.67
074 V020000    15.42
074 W000000   0.0000
074 X000000     4380
074 Y000000        0
075 A000000        0
075 B000000   198984
076  000000     0.00
077 A000000 Y
077 B000000 Y
077 C000000 N
077 D000000 N
077 E000000 N
077 F000000 N
077 G000000 N
077 H000000 N
077 I000000 N
077 J000000 N
077 K000000 N
077 L000000 N
077 M000000 N
077 N000000 N
077 O000000 N
077 P000000 N
077 Q010000 N
077 Q020000 N
077 Q030000 N
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
<PAGE>      PAGE  8
086 A010000   1992
086 A020000  30978
086 B010000   2090
086 B020000  32676
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
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>MULTISTRAT 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, 2017 and for the year then
ended, in accordance with the standards of the Public
Company Accounting Oversight Board (United States)
("PCAOB"), we considered the Fund's internal control
over financial reporting, including controls 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 Fund's 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 company's 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 company's 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
company's 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 Fund's annual or interim financial statements will
not be prevented or detected on a timely basis.

Our consideration of the Fund's 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
Fund's internal control over financial reporting and its
operation, including controls over safeguarding
securities that we consider to be a material weakness,
as defined above, as of February 28, 2017.








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, 2017
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
