# EDGAR Filing Document

**Accession Number:** 0001388485
**File Stem:** 0001752724-25-156092
**Filing Date:** 2025-6
**Character Count:** 44008
**Document Hash:** 9a4dcab4149fc5b49413183c40cb2804
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156092.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156092

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FundVantage Trust
- **CENTRAL INDEX KEY:** 0001388485

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22027
- **FILM NUMBER:** 251073168

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027911906

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Polen Opportunistic High Yield Fund (Series ID: S000080672)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000243192 | Investor Class      | DDJRX           |
| C000243193 | Class Y             | DDJIX           |
| C000243194 | Institutional Class | DDJCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** FundVantage Trust

- **b. Investment Company Act file number:** 811-22027

- **c. CIK number of Registrant:** 0001388485

- **d. LEI of Registrant:** 549300C6U7XKIL1IY249

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

**Item A.2. Information about the Series.**

- **a. Name of Series:** Polen Opportunistic High Yield Fund

- **b. EDGAR series identifier (if any):** S000080672

- **c. LEI of Series:** 5493000JDXDSV2ZKCU50

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $307322935.21

**Total Liabilities:** $10980249.62

**Net Assets:** $296342685.59

**Cash Not Reported:** $7187723.76

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 0.00000000 | **1-Year:** 171.95895000 | **5-Year:** 364.99327000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 15.11307000 | **1-Year:** 32766.87297000 | **5-Year:** 42915.00012000 | **10-Year:** 1133.69751000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243192 | 0.45%                | -1.30%               | -0.12%               |
| Class ID C000243193 | 0.47%                | -1.27%               | -0.10%               |
| Class ID C000243194 | 0.33%                | -1.14%               | -0.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $132893.36               | $-697388.10                                |
| Month 2  | $668140.46               | $-6516147.94                               |
| Month 3  | $123564.66               | $-2731722.40                               |

### Schedule of Portfolio Investments

| Name                                    | Title                                                                           | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INTERNATIONAL ENTERTAINM                | INTERNATIONAL ENTERTAINM                                                        | CUSIP: 000000000<br>LEI: 254900C44ND8RC7Z9K20 | Long             | LON              | CORP              | GB        |   1450000 | PA      | $1451812.50   | 0.49%             | 2032-04-02      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5960000 | PA      | $5678690.98   | 1.92%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AVEANNA HEALTHCARE LLC                  | Aveanna Healthcare LLC                                                          | CUSIP: 05355JAD0<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |   4330000 | PA      | $4113500.00   | 1.39%             | 2029-12-10      | Floating      | 11.39%                | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                  | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $923688.38    | 0.31%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                        | Teine Energy Ltd                                                                | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |   3693000 | PA      | $3511808.49   | 1.19%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                   | ELLUCIAN HOLDINGS INC                                                           | CUSIP: 28917XAE0<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | LON              | CORP              | US        |    730000 | PA      | $732737.50    | 0.25%             | 2032-11-22      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                    | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5030000 | PA      | $5275232.62   | 1.78%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                   | CLOVER HOLDINGS 2 LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3360000 | PA      | $3326400.00   | 1.12%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| COVETRUS INC                            | Covetrus Inc                                                                    | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |   8871423 | PA      | $8362691.27   | 2.82%             | 2029-10-15      | Floating      | 9.24%                 | No            |                  2 | On Loan: No      |
| KASEYA INC                              | KASEYA INC                                                                      | CUSIP: 000000000<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   3060000 | PA      | $3000085.20   | 1.01%             | 2033-03-21      | Floating      | 9.32%                 | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                      | Infinite Bidco LLC                                                              | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |   2752959 | PA      | $2505192.85   | 0.85%             | 2028-03-02      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| OSCAR ACQUISITIONCO LLC                 | Oscar AcquisitionCo LLC / Oscar Finance Inc                                     | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8230000 | PA      | $7499712.35   | 2.53%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| LASERSHIP INC                           | LASERSHIP INC                                                                   | CUSIP: 51809EAQ8<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   3199495 | PA      | $644698.15    | 0.22%             | 2029-08-10      | Floating      | 11.94%                | No            |                  2 | On Loan: No      |
| FOUNDATION BUILDING M                   | FOUNDATION BUILDING MATERIALS INC                                               | CUSIP: 35039KAE6<br>LEI: 549300ZVE6MONHB01I28 | Long             | LON              | CORP              | US        |   1620000 | PA      | $1508625.00   | 0.51%             | 2031-01-29      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| ARUBA INVESTMENT HOLDING                | Aruba Investments Holdings LLC                                                  | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |    554545 | PA      | $543803.91    | 0.18%             | 2027-11-24      | Floating      | 8.42%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                 | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   5330000 | PA      | $5475919.41   | 1.85%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                  | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1430000 | PA      | $1443808.08   | 0.49%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                         | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1418839.50   | 0.48%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                 | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9290000 | PA      | $6431722.48   | 2.17%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Utex                                    | Utex                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7506 | NS      | $453212.28    | 0.15%             |  |  |  | No            |                  3 | On Loan: No      |
| DEXKO GLOBAL INC                        | DEXKO GLOBAL INC                                                                | CUSIP: 25213YBC8<br>LEI: 549300SMZ4OV1KBH1M19 | Long             | LON              | CORP              | US        |    770250 | PA      | $715369.69    | 0.24%             | 2028-10-04      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2264154.30   | 0.76%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Skillsoft Corp                          | Skillsoft Corp                                                                  | CUSIP: 83066P309<br>LEI: 213800IN3X8SP8HFLL39 | Long             | EC               | CORP              | US        |      1638 | NS      | $31334.94     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| GLOVES BUYER INC                        | GLOVES BUYER INC                                                                | CUSIP: 000000000<br>LEI: 54930015O0Y94T5H8Z18 | Long             | LON              | CORP              | US        |   2090000 | PA      | $2007445.00   | 0.68%             | 2032-01-20      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                             | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   8860000 | PA      | $8162275.00   | 2.75%             | 2029-01-22      | Floating      | 9.68%                 | No            |                  2 | On Loan: No      |
| TOUCHTUNES MUSIC GROUP                  | TOUCHTUNES MUSIC GROUP LLC                                                      | CUSIP: 87222BAD6<br>LEI: 254900M8EWU7MLR0PW90 | Long             | LON              | CORP              | US        |   3006598 | PA      | $2910762.37   | 0.98%             | 2029-04-02      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3460000 | PA      | $2906485.36   | 0.98%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TRUCK HERO INC                          | Realtruck Group Inc                                                             | CUSIP: 89778PAG2<br>LEI: 54930007KT5CX7XNSD31 | Long             | LON              | CORP              | US        |   2229361 | PA      | $2085488.80   | 0.70%             | 2028-01-31      | Floating      | 7.94%                 | No            |                  2 | On Loan: No      |
| AVEANNA HEALTHCARE LLC                  | Aveanna Healthcare LLC                                                          | CUSIP: 05549DAJ7<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |   4634070 | PA      | $4558790.02   | 1.54%             | 2028-07-17      | Floating      | 8.15%                 | No            |                  2 | On Loan: No      |
| WABASH NATIONAL CORP                    | Wabash National Corp                                                            | CUSIP: 929566AL1<br>LEI: 5299004ZAWHQZI5XO485 | Long             | DBT              | CORP              | US        |   5850000 | PA      | $5209819.88   | 1.76%             | 2028-10-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ARCHES BUYER INC                        | Arches Buyer Inc                                                                | CUSIP: 03952HAD6<br>LEI: 2549009ADY4208OH2Y47 | Long             | LON              | CORP              | US        |   3156075 | PA      | $3097293.21   | 1.05%             | 2027-12-06      | Floating      | 7.68%                 | No            |                  2 | On Loan: No      |
| LABL INC                                | LABL Inc                                                                        | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |   3361172 | PA      | $2911279.02   | 0.98%             | 2028-10-30      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAF3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5000000 | PA      | $5007445.00   | 1.69%             | 2030-04-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                | Century Aluminum Co                                                             | CUSIP: 156431AN8<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |   9415000 | PA      | $9510091.50   | 3.21%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION                  | Northwest Acquisitions ULC / Dominion Finco Inc                                 | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1650000 | PA      | $0.00         | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| Burgundy Diamond Mines Ltd              | Burgundy Diamond Mines Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    983076 | NS      | $22669.54     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| WAND NEWCO 3 INC                        | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   6370000 | PA      | $6569113.46   | 2.22%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| LSF12 CROWN US COMMERCIA                | LSF12 CROWN US COMMERCIAL BIDCO LLC                                             | CUSIP: 50221UAC5<br>LEI: 254900FI2OCFTJ9PAJ18 | Long             | LON              | CORP              | US        |   1550000 | PA      | $1495750.00   | 0.50%             | 2031-12-02      | Floating      | 8.57%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   4590000 | PA      | $4613491.62   | 1.56%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Sterling Entertainment Enterprises, LLC | Sterling Entertainment Enterprises, LLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    103000 | PA      | $76858.60     | 0.03%             | 2026-04-10      | Floating      | 17.75%                | Yes           |                  3 | On Loan: No      |
| POST HOLDINGS INC                       | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   1590000 | PA      | $1578091.54   | 0.53%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Specialty Steel Holdings Inc            | Specialty Steel Holdings Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $195000.00    | 0.07%             | 2026-11-15      | Floating      | 15.39%                | No            |                  3 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                | AmeriTex HoldCo Intermediate LLC                                                | CUSIP: 030727AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1392230.70   | 0.47%             | 2028-10-15      | Fixed         | 10.25%                | No            |                  2 | On Loan: No      |
| ARCTIC CANADIAN DIAMOND 2nd Lien T/L    | ARCTIC CANADIAN DIAMOND 2nd Lien T/L                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    370501 | PA      | $334880.66    | 0.11%             | 2027-12-31      | Fixed         | 17.50%                | No            |                  3 | On Loan: No      |
| STARLIGHT PARENT LLC                    | STARLIGHT PARENT LLC                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    790000 | PA      | $764573.85    | 0.26%             | 2032-04-16      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                  | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2470206.35   | 0.83%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Utex                                    | Utex                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1150 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                  | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2900000 | PA      | $2525505.80   | 0.85%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HEARTLAND DENTAL LLC                    | HEARTLAND DENTAL LLC                                                            | CUSIP: 42236WAW7<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |   3122116 | PA      | $3093439.24   | 1.04%             | 2028-04-28      | Floating      | 8.82%                 | No            |                  2 | On Loan: No      |
| HUB INTERNATIONAL LTD                   | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   9970000 | PA      | $10282659.70  | 3.47%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HIGH RIDGE ESCROW BOND                  | HIGH RIDGE ESCROW BOND                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $0.00         | 0.00%             | 2026-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| ALTAR BIDCO INC                         | Altar Bidco Inc                                                                 | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3794939 | PA      | $3612307.62   | 1.22%             | 2030-02-01      | Floating      | 9.96%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                | Engineered Machinery Holdings Inc                                               | CUSIP: 26658NAN9<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   3546499 | PA      | $3502167.76   | 1.18%             | 2029-05-21      | Floating      | 10.77%                | No            |                  2 | On Loan: No      |
| SM WELLNESS HOLDINGS INC                | SM WELLNESS HOLDINGS INC                                                        | CUSIP: 78484HAF0<br>LEI: 5493001F8YQ9JHX94D59 | Long             | LON              | CORP              | US        |   1030000 | PA      | $988800.00    | 0.33%             | 2029-04-15      | Floating      | 12.96%                | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                 | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |  10710000 | PA      | $10699195.43  | 3.61%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE HEALTH HOLD                 | PERFORMANCE HEALTH HOLD                                                         | CUSIP: 000000000<br>LEI: 254900ZAQ0N9AHY1Q982 | Long             | LON              | CORP              | US        |   4730000 | PA      | $4694525.00   | 1.58%             | 2032-03-19      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| MEDICAL SOLUTIONS HOLDIN                | MEDICAL SOLUTIONS HOLDINGS INC                                                  | CUSIP: 58462QAM3<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |   1770000 | PA      | $926302.95    | 0.31%             | 2029-11-01      | Floating      | 11.28%                | No            |                  2 | On Loan: No      |
| SKOPIMA CONSILIO PARENT                 | SKOPIMA CONSILIO PARENT LLC                                                     | CUSIP: 36171NAG1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2364075 | PA      | $2331013.41   | 0.79%             | 2028-05-17      | Floating      | 8.07%                 | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                 | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                           | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  12480000 | PA      | $10939071.94  | 3.69%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                  | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |  10550000 | PA      | $10092874.83  | 3.41%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                            | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   6575000 | PA      | $6640230.58   | 2.24%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                           | TransDigm Inc                                                                   | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1660000 | PA      | $1602778.64   | 0.54%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                     | AssuredPartners Inc                                                             | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |      4000 | PA      | $4255.45      | 0.00%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WH BORROWER LLC                         | WH BORROWER LLC                                                                 | CUSIP: 000000000<br>LEI: 2549009H920CQUE3R944 | Long             | LON              | CORP              | US        |    830000 | PA      | $799912.50    | 0.27%             | 2032-02-20      | Floating      | 9.07%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                         | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   8510000 | PA      | $8067016.38   | 2.72%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                | MajorDrive Holdings IV LLC                                                      | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |   1147021 | PA      | $1068805.39   | 0.36%             | 2028-06-01      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                  | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   1495000 | PA      | $1527462.70   | 0.52%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| INTELLIGENT PACKAGING                   | Intelligent Packaging Ltd Finco Inc / Intelligent Packaging Ltd Co-Issuer LLC   | CUSIP: 45827MAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2300000 | PA      | $2288032.64   | 0.77%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EYECARE PARTNERS LLC                    | EYECARE PARTNERS LLC                                                            | CUSIP: 30233PAR1<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |    289428 | PA      | $77421.90     | 0.03%             | 2028-11-30      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| LEARNING CARE GROUP US N                | LEARNING CARE GROUP US NO 2 INC                                                 | CUSIP: 52200MAL4<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   4166762 | PA      | $4154261.22   | 1.40%             | 2028-08-11      | Floating      | 8.28%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                | Engineered Machinery Holdings Inc                                               | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   3115812 | PA      | $3080759.15   | 1.04%             | 2029-05-21      | Floating      | 10.31%                | No            |                  2 | On Loan: No      |
| CLOUDERA INC                            | Cloudera Inc                                                                    | CUSIP: 74339VAE8<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    580000 | PA      | $547618.60    | 0.18%             | 2029-10-09      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed  | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3350000 | PA      | $3119532.73   | 1.05%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ARUBA INVESTMENT HOLDING                | Aruba Investments Holdings LLC                                                  | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |   6410000 | PA      | $6028605.00   | 2.03%             | 2028-11-24      | Floating      | 12.17%                | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                  | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7933000 | PA      | $7714217.62   | 2.60%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ATD New Holdings Inc                    | ATD New Holdings Inc                                                            | CUSIP: 04683P100<br>LEI: 5493001F45YR8KICVO87 | Long             | EC               | CORP              | US        |      2940 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MCGRAW-HILL EDUCATION                   | McGraw-Hill Education Inc                                                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3900000 | PA      | $3867832.10   | 1.31%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                  | Real Hero Merger Sub 2 Inc                                                      | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5270000 | PA      | $3935659.19   | 1.33%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                  | Brundage-Bone Concrete Pumping Holdings Inc                                     | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $732513.53    | 0.25%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                | Acadia Healthcare Co Inc                                                        | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3062008.28   | 1.03%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Real Alloy Holdings                     | Real Alloy Holdings                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3 | NS      | $220152.96    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| PHRG INTERMEDIATE LLC                   | PHRG INTERMEDIATE LLC                                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2350000 | PA      | $2191375.00   | 0.74%             | 2032-02-20      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                  | Patrick Industries Inc                                                          | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   4904000 | PA      | $4765865.11   | 1.61%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                    | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2620417.50   | 0.88%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| ARCTIC CMN                              | ARCTIC CMN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       541 | NS      | $46526.00     | 0.02%             |  |  |  | No            |                  3 | On Loan: No      |
| Specialty Steel Holdings Inc            | Specialty Steel Holdings Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $128062.00    | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| CHART INDUSTRIES INC                    | Chart Industries Inc                                                            | CUSIP: 16115QAG5<br>LEI: EM7QGKC1GYOF3LSZSL80 | Long             | DBT              | CORP              | US        |   1310000 | PA      | $1398143.35   | 0.47%             | 2031-01-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| TEN-X LLC                               | TEN-X LLC                                                                       | CUSIP: 05069PAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6486184 | PA      | $5922696.71   | 2.00%             | 2028-05-26      | Floating      | 10.44%                | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                        | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   1610000 | PA      | $1502556.01   | 0.51%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1470000 | PA      | $1551205.74   | 0.52%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                              | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    830000 | PA      | $870826.04    | 0.29%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Clover Holdings 2 LLC                   | CLOVER HOLDINGS 2 LLC                                                           | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1230000 | PA      | $1230000.00   | 0.42%             | 2031-12-09      | Floating      | 8.29%                 | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                      | Infinite Bidco LLC                                                              | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |   4245740 | PA      | $3546530.71   | 1.20%             | 2029-03-02      | Floating      | 11.58%                | No            |                  2 | On Loan: No      |
| NEXUS BUYER LLC                         | Nexus Buyer LLC                                                                 | CUSIP: 65343UAE2<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    920000 | PA      | $909843.20    | 0.31%             | 2029-11-05      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| EYECARE PARTNERS LLC                    | EYECARE PARTNERS LLC                                                            | CUSIP: 30233PAT7<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |   3050600 | PA      | $2370575.89   | 0.80%             | 2028-11-30      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                            | MH Sub I LLC                                                                    | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   9350000 | PA      | $8389942.00   | 2.83%             | 2029-02-23      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-24

**Name of Applicant:** FundVantage Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer