<SEC-DOCUMENT>0001580642-18-002288.txt : 20180430
<SEC-HEADER>0001580642-18-002288.hdr.sgml : 20180430
<ACCEPTANCE-DATETIME>20180430150640
ACCESSION NUMBER:		0001580642-18-002288
CONFORMED SUBMISSION TYPE:	NSAR-B
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20180228
FILED AS OF DATE:		20180430
DATE AS OF CHANGE:		20180430
EFFECTIVENESS DATE:		20180430

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:		18788994

	BUSINESS ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
		BUSINESS PHONE:		631-470-2600

	MAIL ADDRESS:	
		STREET 1:		80 ARKAY DRIVE
		CITY:			HAUPPAUGE
		STATE:			NY
		ZIP:			11788
</SEC-HEADER>
<DOCUMENT>
<TYPE>NSAR-B
<SEQUENCE>1
<FILENAME>answer.fil
<DESCRIPTION>MULTISTRAT ANSWER FILE
<TEXT>
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SIGNATURE   JAMES COLANTINO
TITLE       SVP FUND ADMINISTRAT

</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77K CHNG ACCNT
<SEQUENCE>2
<FILENAME>Item77K.txt
<DESCRIPTION>MULTISTRAT ACCT CHANGE
<TEXT>
Item 77K - Multi-Strategy Growth and Income Fund
ending February 28, 2018

       On October 25, 2017, the Board of Directors for the
Multi-Strategy Growth and Income Fund (the "Fund") ratified
Deloitte & Touche, LLP ("Deloitte") as the Fund's
independent registered public accounting firm to audit the
Fund's financial statements for the fiscal year ended February
28, 2018.  BBD, LLP ("BBD") was previously engaged as the
independent registered public accounting firm to audit the
Fund's financial statements.  BBD issued its reports on the
Fund's financial statements for the fiscal years ended February
28, 2017 and February 28, 2016. Such reports did not contain
adverse opinions or disclaimers of opinion, nor were they
qualified or modified as to uncertainty, audit scope, or
accounting principles.  The decision to replace BBD as the
Fund's independent registered public accounting firm was
approved by the Audit Committee and Board of Trustees on
behalf of the Fund.

       During the Fund's fiscal years February 28, 2017 and
February 28, 2016, there were no disagreements with BBD on
any matter of accounting principles or practices, financial
statement disclosure, or auditing scope or procedure, which, if
not resolved to the satisfaction of BBD, would have caused it
to make reference to the subject matter of the disagreements in
connection with its reports nor were there any "reportable
events" as that term is described in Item 304 (a)(1)(v) of
Regulation S-K.

       The Fund has requested that BBD furnish it with a letter
addressed to the Securities and Exchange Commission stating
whether or not it agrees with the above statements. A copy of
such letter, dated April 10, 2018, is filed as an exhibit to this
Form N-SAR.


</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77K CHNG ACCNT
<SEQUENCE>3
<FILENAME>Item77KResponse.txt
<DESCRIPTION>MULTISTRAT ACCT CHANGE RESPONSE
<TEXT>



April 26, 2018


Securities and Exchange Commission
Washington, D.C. 20549


Ladies and Gentlemen:

We were previously the independent registered public
accounting firm to the Multi-Strategy Growth & Income
Fund (the "Fund") and, under the date of April 28, 2017,
we reported on the statement of assets and liabilities of
the Fund, including the portfolio of investments, as of
February 28, 2017, and the related statements of
operations and cash flows for the year then ended, the
statements of changes in net assets for each of the
years in the two-year period then ended, and the
financial highlights for each of the years and periods in
the period from March 16, 2012 through February 28,
2017.

On October 25, 2017, the Board of Directors ratified
another firm to perform the audits of the Fund going
forward. We have read Fund's statements included
under Sub-Item 77K of its Form N-SAR, and we agree
with such statements.



Very truly yours,




BBD, LLP




</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.77B ACCT LTTR
<SEQUENCE>4
<FILENAME>MSGI_letter.txt
<DESCRIPTION>MULTISTRAT LETTER
<TEXT>
REPORT OF INDEPENDENT REGISTERED PUBLIC
ACCOUNTING FIRM

To the Shareholders and Board of Trustees of
The 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 and for the year ended February 28, 2018,
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 consolidated 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 fund's internal control over financial reporting
is a process designed to provide reasonable assurance
regarding the reliability of financial reporting and the
preparation of consolidated financial statements for
external purposes in accordance with generally accepted
accounting principles. A fund'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 fund; (2) provide reasonable assurance that
transactions are recorded as necessary to permit
preparation of consolidated financial statements in
accordance with generally accepted accounting
principles, and that receipts and expenditures of the fund
are being made only in accordance with authorizations
of management and Trustees of the fund; and (3)
provide reasonable assurance regarding prevention or
timely detection of unauthorized acquisition, use, or
disposition of a fund's assets that could have a material
effect on the consolidated financial statements.
Because of its 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 a 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
consolidated 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 for safeguarding securities,
that we consider to be a material weakness, as defined
above, as of February 28, 2018.
This report is intended solely for the information and use
of management and the Board of Trustees of the 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.

Deloitte & Touche LLP
Costa Mesa, California
April 27, 2018






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