# EDGAR Filing Document

**Accession Number:** 0001558107
**File Stem:** 0001752724-23-018728
**Filing Date:** 2023-1
**Character Count:** 45395
**Document Hash:** b7c45de46f8bed53aee484ea3fc6a6d9
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-018728.hdr.sgml**: 20230131

**ACCESSION NUMBER**: 0001752724-23-018728

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20220930

**FILED AS OF DATE**: 20230131

**DATE AS OF CHANGE**: 20230131

**PERIOD START**: 20220930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ALPS Series Trust
- **CENTRAL INDEX KEY:** 0001558107
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22747
- **FILM NUMBER:** 23571632

**BUSINESS ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203
- **BUSINESS PHONE:** 303.623.2577

**MAIL ADDRESS:**
- **STREET 1:** 1290 BROADWAY, SUITE 1000
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80203

## Series and Classes Contracts Data

### Polen DDJ Opportunistic High Yield Fund (Series ID: S000050179)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000158332 | Class I       | DDJCX           |
| C000158333 | Class II      | DDJRX           |
| C000158334 | Institutional | DDJIX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** ALPS SERIES TRUST

- **b. Investment Company Act file number:** 811-22747

- **c. CIK number of Registrant:** 0001558107

- **d. LEI of Registrant:** 5493000QN25IZZPUSL66

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

  - **Street Address 1:** 1290 BROADWAY SUITE 1000

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80203

  - **Telephone number:** 3036235277

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

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

- **b. EDGAR series identifier (if any):** S000050179

- **c. LEI of Series:** 549300XSCSUWJ1UHXQ21

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

- **a. Date of fiscal year-end:** 2022-09-30

- **b. Date as of which information is reported:** 2022-09-30

**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:** $259633579.30

**Total Liabilities:** $1194746.37

**Net Assets:** $258438832.93

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 0.00000000 | **1-Year:** 7056.82551700 | **5-Year:** 50859.13665200 | **10-Year:** 22541.57984700 | **30-Year:** 913.48653300

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158332 | 3.16%                | 0.14%                | -3.98%               |
| Class ID C000158333 | 3.28%                | -0.02%               | -3.89%               |
| Class ID C000158334 | 3.32%                | 0.01%                | -3.87%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-258651.25              | $7160150.30                                |
| Month 2  | $-2805162.92             | $1351417.32                                |
| Month 3  | $-886253.76              | $-11273610.46                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eyecare Partners Llc                         | Eyecare Partners LLC                                                               | CUSIP: 30233PAK6<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |   3430000 | PA      | $3155600.00   | 1.22%             | 2029-11-15      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| NFP Corp.                                    | NFP Corp.                                                                          | CUSIP: 65342RAD2<br>LEI: VO2L9FZNXDJNQNEYH039 | Long             | DBT              | CORP              | US        |   8960000 | PA      | $7003628.80   | 2.71%             | 2028-08-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Playtika Holding Corp                        | Playtika Holding Corp.                                                             | CUSIP: 72815LAA5<br>LEI: 254900E35Z4TKA4UFG64 | Long             | DBT              | CORP              | US        |    450000 | PA      | $360483.75    | 0.14%             | 2029-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Cwt Travel Holdings Inc                      | CWT Travel Holdings, Inc.                                                          | CUSIP: 12671K116<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3371 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Msilf Treasury Securities Portfolio          | MSILF Treasury Securities Portfolio                                                | CUSIP: 61747C491<br>LEI: 549300OJY9IZ31SGS926 | Long             | STIV             | RF                | US        |   5801678 | NS      | $5801678.17   | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Trident TPI Holdings, Inc.                   | Trident TPI Holdings, Inc.                                                         | CUSIP: 89616RAA7<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |   4740000 | PA      | $4101336.62   | 1.59%             | 2025-11-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Auction.com LLC fka Ten-X LLC                | Auction.com LLC fka Ten-X LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5068965 | PA      | $4650775.15   | 1.80%             | 2024-09-27      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| Learning Care Group No. 2, Inc.              | Learning Care Group No. 2, Inc.                                                    | CUSIP: 52201CAC5<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   1489857 | PA      | $1413129.78   | 0.55%             | 2025-03-13      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Cano Health Llc                              | Cano Health LLC                                                                    | CUSIP: 13782CAA8<br>LEI: 254900OGI2T8V1NXN639 | Long             | DBT              | CORP              | US        |   7030000 | PA      | $6655054.95   | 2.58%             | 2028-10-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Gtcr Ap Finance Inc                          | GTCR AP Finance, Inc.                                                              | CUSIP: 40060QAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2080000 | PA      | $1917561.34   | 0.74%             | 2027-05-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                        | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDJ6<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   5090000 | PA      | $4467512.34   | 1.73%             | 2028-10-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Northwest Acq/dominion                       | Northwest Acquisitions ULC / Dominion Finco, Inc.                                  | CUSIP: 66727WAA0<br>LEI: 549300514YCQANUHXW83 | Long             | DBT              | CORP              | CA        |   1650000 | PA      | $99.00        | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Boyd Gaming Corp                             | Boyd Gaming Corp.                                                                  | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |   2470000 | PA      | $2003861.60   | 0.78%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Atd New Holdings Inc                         | American Tire Distributors, Inc.                                                   | CUSIP: 04683P100<br>LEI: 5493001F45YR8KICVO87 | Long             | EC               | CORP              | US        |      2940 | NS      | $269862.60    | 0.10%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Titan Acq/co-borrower                        | Titan Acquisition, Ltd. / Titan Co.-Borrower LLC                                   | CUSIP: 88827AAA1<br>LEI: 5493003ZDHRVP2N4C109 | Long             | DBT              | CORP              | US        |   8221000 | PA      | $6507673.23   | 2.52%             | 2026-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                   | Viasat, Inc.                                                                       | CUSIP: 92552VAK6<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   3170000 | PA      | $2465657.70   | 0.95%             | 2025-09-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                                  | Asurion LLC                                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7450000 | PA      | $5736500.00   | 2.22%             | 2029-01-20      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Utex Industries, Inc.                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      7506 | NS      | $685598.04    | 0.27%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Wheel Pros Inc                               | Wheel Pros, Inc.                                                                   | CUSIP: 96289WAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3800000 | PA      | $1745872.00   | 0.68%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Brooks Automation 11/21 2nd Lien TL                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3794939 | PA      | $3364839.64   | 1.30%             | 2029-11-16      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                           | Ford Motor Co.                                                                     | CUSIP: 345370CX6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   5570000 | PA      | $6200273.35   | 2.40%             | 2030-04-22      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Cwt Travel Holdings Inc                      | CWT Travel Holdings, Inc.                                                          | CUSIP: 12671K124<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      3548 | NC      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Century Aluminum Company                     | Century Aluminum Co.                                                               | CUSIP: 156431AN8<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |  11045000 | PA      | $9854365.02   | 3.81%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Arctic Canadian Diamond Company Limited      | Arctic Canadian Diamond Corp, 2L TL                                                | CUSIP: 039669AA4<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    548048 | PA      | $548047.64    | 0.21%             | 2027-12-31      | Fixed         | 17.50%                | No            |                  3 | On Loan: No      |
| N/A                                          | Sportsnet                                                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    100000 | PA      | $97500.00     | 0.04%             | 2025-01-15      | Floating      | 10.25%                | Yes           |                  3 | On Loan: No      |
| VC GB Holdings I Corp                        | VC GB Holdings I Corp                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1330000 | PA      | $1154606.25   | 0.45%             | 2029-07-23      | Floating      | 9.63%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Cor                     | Occidental Petroleum Corp.                                                         | CUSIP: 674599EA9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   4030000 | PA      | $4495747.10   | 1.74%             | 2030-07-15      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Scripps Escrow Ii Inc                        | Scripps Escrow II, Inc.                                                            | CUSIP: 81105DAB1<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1130536.43   | 0.44%             | 2031-01-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC               | Aruba Investments, Inc.                                                            | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |   3450000 | PA      | $3156750.00   | 1.22%             | 2028-11-24      | Floating      | 10.83%                | No            |                  2 | On Loan: No      |
| Srs Distribution Inc                         | SRS Distribution, Inc.                                                             | CUSIP: 78471RAD8<br>LEI: 549300ZQ3XP75BCYM468 | Long             | DBT              | CORP              | US        |   3940000 | PA      | $3148631.30   | 1.22%             | 2029-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Uber Technologies Inc                        | Uber Technologies, Inc.                                                            | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |   4430000 | PA      | $3732275.00   | 1.44%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Iea Energy Services Llc                      | IEA Energy Services LLC                                                            | CUSIP: 45174AAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2950000 | PA      | $2894053.46   | 1.12%             | 2029-08-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings                      | Surgery Center Holdings, Inc.                                                      | CUSIP: 86881WAD4<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   6280000 | PA      | $6115118.60   | 2.37%             | 2027-04-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Intelligent Packaging                        | Intelligent Packaging, Ltd. Finco, Inc. / Intelligent Packaging Ltd Co.-Issuer LLC | CUSIP: 45827MAA5<br>LEI: 549300D73EZIFX49H897 | Long             | DBT              | CORP              | CA        |   2050000 | PA      | $1635469.50   | 0.63%             | 2028-09-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Skillsoft Corp                               | Skillsoft Corp.                                                                    | CUSIP: 83066P200<br>LEI: 213800VSQFUE8K7NQK89 | Long             | EC               | CORP              | US        |     32762 | NS      | $59954.46     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Ford Motor Company                           | Ford Motor Co.                                                                     | CUSIP: 345370CA6<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4919113.45   | 1.90%             | 2031-07-16      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Arctic Canadian Common Stock                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |       541 | NS      | $156349.00    | 0.06%             |  |  |  | Yes           |                  3 | On Loan: No      |
| GI Consilio Parent LLC                       | GI Consilio Parent LLC                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2050000 | PA      | $1937250.00   | 0.75%             | 2029-05-14      | Floating      | 10.62%                | No            |                  2 | On Loan: No      |
| Envision Healthcare Corp                     | Envision Healthcare Corp.                                                          | CUSIP: 29373UAF8<br>LEI: 549300OL60X0LPKY8N60 | Long             | LON              | CORP              | US        |    911870 | PA      | $424019.55    | 0.16%             | 2027-03-31      | Floating      | 6.83%                 | No            |                  2 | On Loan: No      |
| Utex Industries Holdings, LLC                | Utex Industries Holdings, LLC                                                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      1150 | NC      | $0.00         | 0.00%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Scripps Escrow Inc                           | Scripps Escrow, Inc.                                                               | CUSIP: 81104PAA7<br>LEI: 549300U1OW41QPKYW028 | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1168366.10   | 0.45%             | 2027-07-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| Minerva Merger Sub Inc                       | AthenaHealth Group, Inc.                                                           | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   4310000 | PA      | $3415459.50   | 1.32%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare Llc                       | Aveanna Healthcare LLC                                                             | CUSIP: 05355JAD0<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |   4000000 | PA      | $2960000.00   | 1.15%             | 2029-12-10      | Floating      | 10.05%                | No            |                  2 | On Loan: No      |
| KKR Apple Bidco LLC                          | KKR Apple Bidco LLC                                                                | CUSIP: 09071FAK7<br>LEI: 549300DI3Q5ACSYJRI17 | Long             | LON              | CORP              | US        |   4258629 | PA      | $4095374.04   | 1.58%             | 2026-08-06      | Floating      | 8.87%                 | No            |                  2 | On Loan: No      |
| Zest Acquisition Corp.                       | Zest Acquisition Corp.                                                             | CUSIP: 98955CAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1037670 | PA      | $959844.49    | 0.37%             | 2026-03-13      | Floating      | 10.59%                | No            |                  2 | On Loan: No      |
| Lions Gate Capital Hold                      | Lions Gate Capital Holdings LLC                                                    | CUSIP: 53627NAE1<br>LEI: 549300MWJHNLR35C0837 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $2756282.40   | 1.07%             | 2029-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Jpw Industries Hold Corp                     | JPW Industries Holding Corp.                                                       | CUSIP: 48128TAA0<br>LEI: 2549006C25X8KUBSYI24 | Long             | DBT              | CORP              | US        |    780000 | PA      | $681575.70    | 0.26%             | 2024-10-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| KUEHG Corp                                   | KUEHG Corp                                                                         | CUSIP: 50118YAB5<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |   4020000 | PA      | $3935580.00   | 1.52%             | 2025-08-22      | Floating      | 11.37%                | No            |                  2 | On Loan: No      |
| Specialty Stl Holdco Inc                     | Specialty Steel                                                                    | CUSIP: 84752HAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $210000.00    | 0.08%             | 2026-11-15      | Floating      | 11.00%                | Yes           |                  3 | On Loan: No      |
| N/A                                          | Xplornet Communications Inc. TL                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | CA        |   1930000 | PA      | $1693575.00   | 0.66%             | 2029-09-30      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| SM Wellness Holdings, Inc.                   | SM Wellness Holdings, Inc.                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1030000 | PA      | $937300.00    | 0.36%             | 2029-04-16      | Floating      | 9.04%                 | No            |                  2 | On Loan: No      |
| Teine Energy Ltd                             | Teine Energy, Ltd.                                                                 | CUSIP: 879068AB0<br>LEI: 5493002EE80G6ER7SM91 | Long             | DBT              | CORP              | CA        |   1150000 | PA      | $1038025.51   | 0.40%             | 2029-04-15      | Fixed         | 6.88%                 | 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        |   4450000 | PA      | $3219352.50   | 1.25%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Real Alloy Holding, Inc.                                                           | CUSIP: 0REAALL07<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    114596 | PA      | $114596.09    | 0.04%             | 2023-11-28      | Floating      | 11.00%                | Yes           |                  3 | On Loan: No      |
| Brand Energy & Infrastructure Services, Inc. | Brand Energy & Infrastructure Services, Inc.                                       | CUSIP: 10524MAN7<br>LEI: 549300B658W2BPDQMW42 | Long             | LON              | CORP              | US        |   2004913 | PA      | $1754058.61   | 0.68%             | 2024-06-21      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.         | Clear Channel Outdoor Holdings, Inc.                                               | CUSIP: 18453HAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2330000 | PA      | $1692943.05   | 0.66%             | 2029-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.          | Engineered Machinery Holdings, Inc.                                                | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   2295812 | PA      | $2158063.32   | 0.84%             | 2029-05-21      | Floating      | 9.67%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                                 | MH Sub I LLC                                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4340000 | PA      | $4097697.80   | 1.59%             | 2029-02-23      | Floating      | 9.28%                 | 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        |   9440000 | PA      | $8350083.47   | 3.23%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Trident TPI Holdings, Inc.                   | Trident TPI Holdings, Inc.                                                         | CUSIP: 89616RAB5<br>LEI: 549300TPLK304J3RNC85 | Long             | DBT              | CORP              | US        |   3180000 | PA      | $2934292.63   | 1.14%             | 2024-08-01      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Cd&r Smokey Buyer Inc                        | CD&R Smokey Buyer, Inc.                                                            | CUSIP: 12510CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1340000 | PA      | $1221303.20   | 0.47%             | 2025-07-15      | Fixed         | 6.75%                 | 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: 5493002Z1TVWRIL6NM97 | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3065902.40   | 1.19%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| CP Iris Holdco I, Inc.                       | CP Iris Holdco I, Inc.                                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1720000 | PA      | $1573800.00   | 0.61%             | 2029-09-15      | Floating      | 10.12%                | No            |                  2 | On Loan: No      |
| Infinite Bidco LLC                           | Infinite Bidco LLC                                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4245740 | PA      | $4022839.10   | 1.56%             | 2029-03-02      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| Cwt Travel Group Inc                         | CWT Travel Group, Inc.                                                             | CUSIP: 12670RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5128594 | PA      | $4436233.81   | 1.72%             | 2026-11-19      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Real Alloy Holding, Inc.                                                           | CUSIP: 0REAALL08<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3 | NS      | $197046.72    | 0.08%             |  |  |  | Yes           |                  3 | On Loan: No      |
| N/A                                          | CWT Travel Holdings Inc                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     89755 | NS      | $863891.88    | 0.33%             |  |  |  | Yes           |                  2 | On Loan: No      |
| KUEHG Corp                                   | KUEHG Corp                                                                         | CUSIP: 48244EAJ3<br>LEI: 549300YNT566T1NYJX62 | Long             | LON              | CORP              | US        |   4636102 | PA      | $4392706.31   | 1.70%             | 2025-02-21      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corp                        | Tenet Healthcare Corp.                                                             | CUSIP: 88033GDA5<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |   6690000 | PA      | $6016902.38   | 2.33%             | 2027-11-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| AssuredPartners, Inc.                        | AssuredPartners, Inc.                                                              | CUSIP: 04624VAA7<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |   6100000 | PA      | $5644567.84   | 2.18%             | 2025-08-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings, Inc.          | Engineered Machinery Holdings, Inc.                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2760000 | PA      | $2630625.00   | 1.02%             | 2029-05-21      | Floating      | 10.17%                | No            |                  2 | On Loan: No      |
| Ankura Consulting Group LLC                  | Ankura Consulting Group LLC                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    650000 | PA      | $552500.00    | 0.21%             | 2029-03-19      | Floating      | 10.78%                | No            |                  2 | On Loan: No      |
| Medical Solutions LLC                        | Medical Solutions LLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1770000 | PA      | $1716900.00   | 0.66%             | 2028-09-24      | Floating      | 9.88%                 | No            |                  2 | On Loan: No      |
| Surgery Center Holdings                      | Surgery Center Holdings, Inc.                                                      | CUSIP: 84611WAB0<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   2045000 | PA      | $1898424.63   | 0.73%             | 2025-07-01      | 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        |   6520000 | PA      | $4709416.15   | 1.82%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Hub International Ltd                        | HUB International, Ltd.                                                            | CUSIP: 44332PAD3<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   5640000 | PA      | $5358000.00   | 2.07%             | 2026-05-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Transdigm Inc                                | TransDigm, Inc.                                                                    | CUSIP: 893647BQ9<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   5670000 | PA      | $4592700.00   | 1.78%             | 2029-05-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Envision Healthcare Corp                     | Envision Healthcare Corp.                                                          | CUSIP: 29373UAG6<br>LEI: 549300OL60X0LPKY8N60 | Long             | LON              | CORP              | US        |   2231006 | PA      | $632122.09    | 0.24%             | 2027-03-31      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| Viasat Inc                                   | Viasat, Inc.                                                                       | CUSIP: 92552VAN0<br>LEI: UFC8NYMNFSYIHNSM2I38 | Long             | DBT              | CORP              | US        |   4300000 | PA      | $2869110.50   | 1.11%             | 2028-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Mitchell International, Inc. TL                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1650000 | PA      | $1548937.50   | 0.60%             | 2029-10-01      | Floating      | 9.57%                 | No            |                  2 | On Loan: No      |
| Learning Care Group No. 2, Inc.              | Learning Care Group No. 2, Inc.                                                    | CUSIP: 52201CAE1<br>LEI: 5493000VMN44LK8QID23 | Long             | LON              | CORP              | US        |   2475012 | PA      | $2289386.38   | 0.89%             | 2026-03-13      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| Arches Buyer Inc                             | Arches Buyer, Inc.                                                                 | CUSIP: 039524AB9<br>LEI: 2549009ADY4208OH2Y47 | Long             | DBT              | CORP              | US        |   2480000 | PA      | $1924380.80   | 0.74%             | 2028-12-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| CNT Holdings I Corp                          | CNT Holdings I Corp                                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5554188 | PA      | $5290364.10   | 2.05%             | 2028-11-06      | Floating      | 9.50%                 | No            |                  2 | On Loan: No      |
| Radiate Holdco / Finance                     | Radiate Holdco LLC / Radiate Finance, Inc.                                         | CUSIP: 75026JAE0<br>LEI: 5493000GQJ5RDX9DNJ71 | Long             | DBT              | CORP              | US        |    930000 | PA      | $650618.70    | 0.25%             | 2028-09-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| N/A                                          | EYECARE PARTNERS, LLC TL 1L                                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1290000 | PA      | $1206150.00   | 0.47%             | 2028-11-15      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Oscar Acquisitionco Llc                      | Oscar AcquisitionCo LLC / Oscar Finance, Inc.                                      | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3500000 | PA      | $2935660.00   | 1.14%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Cloudera, Inc.                               | Cloudera, Inc.                                                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    860000 | PA      | $731000.00    | 0.28%             | 2029-08-10      | Floating      | 9.11%                 | No            |                  2 | On Loan: No      |
| Presidio Holding Inc                         | Presidio Holdings, Inc.                                                            | CUSIP: 74101XAF7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5370000 | PA      | $4638260.76   | 1.79%             | 2028-02-01      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| LaserShip, Inc.                              | LaserShip, Inc.                                                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3280000 | PA      | $2558400.00   | 0.99%             | 2029-05-07      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| White Cap Buyer Llc                          | White Cap Buyer LLC                                                                | CUSIP: 96350RAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1444000 | PA      | $1181141.46   | 0.46%             | 2028-10-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Gtt Communications Inc                       | GTT Communications, Inc.                                                           | CUSIP: 362393AA8<br>LEI: 549300ETSL7K1ZX05H30 | Long             | DBT              | CORP              | US        |   1970000 | PA      | $157600.00    | 0.06%             | 2024-12-31      | Fixed         | 7.88%                 | Yes           |                  2 | On Loan: No      |
| Abg Intermediate Hldgs 2                     | ABG Intermediate Holdings 2 LLC                                                    | CUSIP: 00076VAY6<br>LEI: 54930020NXD0RJB64985 | Long             | LON              | CORP              | US        |    810000 | PA      | $767475.00    | 0.30%             | 2029-12-20      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| High Ridge Brands Co ESCROW                  | High Ridge Brands Escrow                                                           | CUSIP: 429ESCAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $1425.00      | 0.00%             | 2025-03-15      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Transdigm Inc                                | TransDigm, Inc.                                                                    | CUSIP: 893647BB2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   3210000 | PA      | $3036523.58   | 1.17%             | 2026-06-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Specialty Steel Holdco, Inc.                                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |         1 | NS      | $131912.88    | 0.05%             |  |  |  | Yes           |                  3 | On Loan: No      |
| Clear Channel Outdoor Holdings, Inc.         | Clear Channel Outdoor Holdings, Inc.                                               | CUSIP: 18453HAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3080000 | PA      | $2330651.40   | 0.90%             | 2028-04-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Cor                     | Occidental Petroleum Corp.                                                         | CUSIP: 674599DF9<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |   5080000 | PA      | $5092496.80   | 1.97%             | 2036-09-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| N/A                                          | Material Sciences Corp.                                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |     90225 | PA      | $88871.29     | 0.03%             | 2024-01-09      | Variable      | 8.26%                 | Yes           |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2022-10-30

**Name of Applicant:** ALPS SERIES TRUST

**Signature:** Jill McFate

**Name of Signer:** Jill McFate

**Title:** Treasurer