# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0001752724-25-203732
**Filing Date:** 2025-8
**Character Count:** 36589
**Document Hash:** 39c98085d01d90213234b21f8749635e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-203732.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001752724-25-203732

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 251253465

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Short Term Plus Fund (Series ID: S000063758)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000206635 | Segall Bryant & Hamill Short Term Plus Fund-Retail Class        | SBHPX           |
| C000206636 | Segall Bryant & Hamill Short Term Plus Fund-Institutional Class | SBAPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH SHORT TERM PLUS FUND

- **b. EDGAR series identifier (if any):** S000063758

- **c. LEI of Series:** 549300V21UVO0WL37Z10

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

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-06-30

**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:** $14874814.45

**Total Liabilities:** $22145.91

**Net Assets:** $14852668.54

**Cash Not Reported:** $312813.73

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 71.97765965 | **1-Year:** 1245.89769609 | **5-Year:** 532.80941770 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 157.80734765 | **5-Year:** 66.42434751 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206636 | 0.58%                | 0.31%                | 0.69%                |
| Class ID C000206635 | 0.58%                | 0.30%                | 0.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $949.06                  | $31384.21                                  |
| Month 2  | $801.87                  | $-23644.58                                 |
| Month 3  | $2293.97                 | $39946.62                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Service Corporation International                                               | Service Corporation International 7.50%, Due 04/01/2027         | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191141.24    | 1.29%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.25%, Due 3/15/2027                        | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $352652.34    | 2.37%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                   | Alimentation Couche-Tard, Inc. 3.55%, Due 7/26/2027             | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | US        |    240000 | PA      | $236166.81    | 1.59%             | 2027-07-26      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| The Kroger Co.                                                                  | KROGER COMPANY 3.70%, DUE 08/01/2027                            | CUSIP: 501044DJ7<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    130000 | PA      | $128836.33    | 0.87%             | 2027-08-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES TRUST 2023-1                                     | Mercedes Banz Auto Receivable 4.51%, Due 11/15/2027             | CUSIP: 58770AAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      5027 | PA      | $5026.43      | 0.03%             | 2027-11-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                         | Duke Energy Carolinas LLC 6.00%, Due 12/01/2028                 | CUSIP: 26444HAC5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221625.61    | 1.49%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                           | Wec Energy Group Inc. 5.15%, Due 10/01/2027                     | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269830.89    | 1.82%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.125%, Due 10/31/2027                      | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    160000 | PA      | $161462.50    | 1.09%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                          | FHLMC Multifamily Structured 4.777%, Due 06/25/2028             | CUSIP: 3137HAD45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     78751 | PA      | $79393.49     | 0.53%             | 2028-06-25      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                    | Tenet Healthcare Corporation 4.625%, due 06/15/2028             | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    245000 | PA      | $241928.02    | 1.63%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.625%, Due 3/15/2026                       | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    360000 | PA      | $361269.14    | 2.43%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc.                                                             | ANALOG DEVICES, INC. 3.45% Due 10/11/2022                       | CUSIP: 032654AZ8<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    175000 | PA      | $173196.05    | 1.17%             | 2027-06-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Berry Global Inc                                                                | Berry Global Inc. 5.50%, Due 04/15/2028                         | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    265000 | PA      | $271862.14    | 1.83%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                           | Low's Cos Inc. 4.8%, Due 4/1/2026                               | CUSIP: 548661EP8<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90152.86     | 0.61%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| AT&T Inc                                                                        | AT&T Inc. 6.375%, Due 06/01/2028                                | CUSIP: 00206RGM8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    245000 | PA      | $255487.72    | 1.72%             | 2028-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2022-B                                                      | CNH Equipment Trust 3.91%, Due 08/23/2022                       | CUSIP: 12663JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19889.49     | 0.13%             | 2028-03-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                | AutoNation, Inc. 3.80%, due 11/15/2027                          | CUSIP: 05329WAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290000 | PA      | $285326.75    | 1.92%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                | PACIFIC GAS & ELECTRIC COMPANY 2.95%, DUE 03/01/2026            | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    310000 | PA      | $305925.54    | 2.06%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Sprint LLC                                                                      | Sprint Corporation 7.625%, Due 03/01/2026                       | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |    260000 | PA      | $262494.20    | 1.77%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                  | DTE ENERGY COMPANY 3.80%, DUE 03/15/2027                        | CUSIP: 233331AZ0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    280000 | PA      | $276741.74    | 1.86%             | 2027-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                            | Amphenol Corp 5.05%, Due 04/05/2027                             | CUSIP: 032095AN1<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    265000 | PA      | $269100.93    | 1.81%             | 2027-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NEW HAMPSHIRE ST HSG FIN AUTH                                                   | New Hampshire Housing Finance 1.55%, Due 7/1/2025               | CUSIP: 64469MFD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     10000 | PA      | $10000.00     | 0.07%             | 2025-07-01      | Fixed         | 1.55%                 | No            |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                                                     | Keysight Technologies, Inc. 4.60%, DUE 04/06/2027               | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271061.52    | 1.83%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                          | Boardwalk Pipelines, L.P. 5.95%, Due 06/01/2026                 | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    295000 | PA      | $297457.72    | 2.00%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Allison Transmission Inc.                                                       | Allison Transmission, Inc. 4.75%, due 10/01/2027                | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    155000 | PA      | $153568.58    | 1.03%             | 2027-10-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| S&P Global Inc                                                                  | S&P Global, Inc. 4.75%, Due 08/01/2028                          | CUSIP: 78409VBF0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76075.92     | 0.51%             | 2028-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                           | Bath & Body Inc. 6.694%, Due 01/15/2027                         | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79794.16     | 0.54%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                                                    | Mondelez International, Inc. 2.625%, Due 03/17/2027             | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    285000 | PA      | $277635.65    | 1.87%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2023-1                                                      | DT Auto Owner Trust 2023-1A 6.44%, Due 11/15/2028               | CUSIP: 23346KAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101774.20    | 0.69%             | 2028-11-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance 1.40%, Due 03/15/2026                    | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    189000 | PA      | $183213.70    | 1.23%             | 2026-03-15      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                           | Freeport Mcmoran Inc. 4.375%, Due 08/01/2028                    | CUSIP: 35671DCG8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    135000 | PA      | $134271.73    | 0.90%             | 2028-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc.                                                       | Agilent Technologies Inc. 3.05%%, Due 09/22/2026                | CUSIP: 00846UAK7<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    281000 | PA      | $276642.47    | 1.86%             | 2026-09-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Arizona Public Service Company                                                  | Arizona Public Service 2.95%, Due 09/15/2027                    | CUSIP: 040555CW2<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $184117.78    | 1.24%             | 2027-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                                        | Darden Restaurant Inc. 4.35%, Due 10/15/2027                    | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    310000 | PA      | $310593.16    | 2.09%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST 2023-1                                              | DAIMLER TRUCKS RETAIL 2023-1 5.900%, Due 03/15/2027             | CUSIP: 233868AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    267346 | PA      | $268982.38    | 1.81%             | 2027-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                   | CCO Holdings, LLC 5.125%, DUE 05/1/2027                         | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    305000 | PA      | $304018.82    | 2.05%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| GATX Corporation                                                                | Gatx Corp 5.4%, Due 03/15/2027                                  | CUSIP: 361448BP7<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121659.59    | 0.82%             | 2027-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Cintas Corporation No. 2                                                        | Cintas Corporation 4.2%, Due 05/01/2028                         | CUSIP: 17252MAR1<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225536.70    | 1.52%             | 2028-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2024-B                                                   | John Deere Owner Trust 2024-A3 5.20%, Due 03/15/2029            | CUSIP: 47786WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $223474.66    | 1.50%             | 2029-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Dell International L.L.C. and EMC Corporation                                   | Dell International LLC / EMC Corporation 6.020%, Due 06/15/2026 | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |    144000 | PA      | $145361.02    | 0.98%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Wells Fargo & Co.                                                               | WELLS FARGO & CO. 3.0%, DUE 04/22/26                            | CUSIP: 949746RW3<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |     85000 | PA      | $84062.50     | 0.57%             | 2026-04-22      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | Sprint Spectrum Co LLC 5.152%, due 03/20/2028                   | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    192500 | PA      | $193819.80    | 1.30%             | 2028-03-20      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                            | United Rentals North America Inc 4.875% Due 01/15/2028          | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154381.83    | 1.04%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                        | HCA Inc 5.625%, Due 09/01/2028                                  | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221354.83    | 1.49%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                             | Georgia Pacific LLC 7.25%, Due 06/01/2028                       | CUSIP: 373298BP2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    225000 | PA      | $242893.68    | 1.64%             | 2028-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                     | Host Hotels & Resorts LP 4.5%, Due 02/01/2026                   | CUSIP: 44107TAW6<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    230000 | PA      | $229483.17    | 1.55%             | 2026-02-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                     | Verizon Communications, Inc. 4.125%, Due 03/16/2027             | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    270000 | PA      | $269773.87    | 1.82%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Paypal Holdings Inc.                                                            | Paypal Holding Inc. 4.45%, Due 03/06/2028                       | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    280000 | PA      | $282276.49    | 1.90%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                         | Amer Airline 4.10%, Due 01/15/2028                              | CUSIP: 02376WAA9<br>LEI: IWUQB36BXD6OWD6X4T14 | Long             | ABS-O            | CORP              | US        |    226321 | PA      | $218789.88    | 1.47%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2022-B                                             | Ford Credit Auto Owner Trust 3.93%, Due 08/15/2027              | CUSIP: 34534LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      8000 | PA      | $7975.63      | 0.05%             | 2027-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                      | CNH Industrial Capital LLC 4.55%, Due 04/10/2028                | CUSIP: 12592BAQ7<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266207.72    | 1.79%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                | Burlingtn North Santa fe 6.7%, Due 08/01/2028                   | CUSIP: 12189TAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $218854.88    | 1.47%             | 2028-08-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| Union Pacific Railroad Co.                                                      | UNION PACIFIC RAILROAD COMPANY 3.227%, DUE 05/14/2026           | CUSIP: 907825AA1<br>LEI: 549300E5Y4M86FFRWP82 | Long             | ABS-O            | CORP              | US        |    279721 | PA      | $276364.59    | 1.86%             | 2026-05-14      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                | FHLMC Multifamily Structured 3.926%, Due 07/25/2028             | CUSIP: 3137FHPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      6000 | PA      | $5977.97      | 0.04%             | 2028-07-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| COLORADO HSG & FIN AUTH                                                         | Revenue Bonds 1.008%, Due 11/01/2025                            | CUSIP: 196480RG4<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |     20000 | PA      | $19781.96     | 0.13%             | 2025-11-01      | Fixed         | 1.01%                 | No            |                  2 | On Loan: No      |
| Teleflex Incorporated                                                           | Teleflex, Inc. 4.625%, due 11/15/2027                           | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    235000 | PA      | $232654.54    | 1.57%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Ameren Corp.                                                                    | Ameren Corp 1.75%, Due 03/15/2028                               | CUSIP: 023608AK8<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    165000 | PA      | $153935.15    | 1.04%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                                                   | Ford Motor Credit Company 3.3750%, Due 11/13/2025               | CUSIP: 345397B28<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    315000 | PA      | $312902.11    | 2.11%             | 2025-11-13      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Trust 2020-1A                                      | United Airlines 5.875%, Due 10/15/2027                          | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43725 | PA      | $44616.47     | 0.30%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| KFC Holding Co., Pizza Hut Holdings, LLC Taco Bell of America LLC               | KFC Holding Company 4.75%, Due 06/01/2027                       | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189463.90    | 1.28%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Evergy Kansas Central Inc.                                                      | Evergy, Inc. 4.70%, Due 03/13/2028                              | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    285000 | PA      | $288217.29    | 1.94%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 3.125%, Due 08/15/2025                      | CUSIP: 91282CFE6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    455000 | PA      | $454223.41    | 3.06%             | 2025-08-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                              | Hexcel Corporation 4.20%, Due 2/15/2027                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    185000 | PA      | $183239.40    | 1.23%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC                                     | Transcontinental Gas Pipe Line 7.25%, Due 12/01/2026            | CUSIP: 893570BM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $170420.57    | 1.15%             | 2026-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WESTLAKE AUTOMOBILE RECEIVABLES TRUST                                           | Westlake Automobile Receivable 2021-3A 2.12%, Due 01/15/2027    | CUSIP: 96043JAL9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     38188 | PA      | $37979.91     | 0.26%             | 2027-01-15      | Fixed         | 2.12%                 | Yes           |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                        | O'reilly Automotive Inc. 3.55%, Due 03/15/2026                  | CUSIP: 67103HAE7<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    205000 | PA      | $203728.00    | 1.37%             | 2026-03-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC / Crown Americas Capital Corp. V                             | Crown Americas LLC 4.25% Due 09/30/2026                         | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    180000 | PA      | $178989.61    | 1.21%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                         | Duke Energy Florida LLC 3.20%, Due 01/15/2027                   | CUSIP: 26444HAC5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    110000 | PA      | $108580.30    | 0.73%             | 2027-01-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| TCI Communications, Inc.                                                        | TCI COMMUNICATIONS, INC. 7.125%, DUE 02/15/2028                 | CUSIP: 872287AL1<br>LEI: 549300PBDHO6M483PB82 | Long             | DBT              | CORP              | US        |    255000 | PA      | $273334.66    | 1.84%             | 2028-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| SANTANDER DRIVE AUTO RECEIVABLES TRUST 2022-3                                   | Standard Drive Auto Receivable 4.49%, Due 08/15/2029            | CUSIP: 80285UAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    205000 | PA      | $204801.87    | 1.38%             | 2029-08-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Oracle Corp.                                                                    | Oracle Corporation 2.8%, Due 04/01/2027                         | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    310000 | PA      | $302180.26    | 2.03%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| Oklahoma Gas and Electric Company                                               | Oklahoma Gas & Electric 6.65%, Due 07/15/2027                   | CUSIP: 678858AZ4<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    230000 | PA      | $238729.32    | 1.61%             | 2027-07-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** SBH Short Term Plus Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Assistant Treasurer