# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001752724-25-157205
**Filing Date:** 2025-6
**Character Count:** 18977
**Document Hash:** a0dd87bba50318fdfd81b860bc65c46e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-157205.hdr.sgml**: 20250626

**ACCESSION NUMBER**: 0001752724-25-157205

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250626

**DATE AS OF CHANGE**: 20250626

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevation Series Trust
- **CENTRAL INDEX KEY:** 0001936157

**ORGANIZATION NAME:**
- **EIN:** 882465192
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23812
- **FILM NUMBER:** 251076028

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Consortio Funds Trust
- **DATE OF NAME CHANGE:** 20220630

## Series and Classes Contracts Data

### The Opal International Dividend Income ETF (Series ID: S000089318)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000255835 | The Opal International Dividend Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Elevation Series Trust

- **b. Investment Company Act file number:** 811-23812

- **c. CIK number of Registrant:** 0001936157

- **d. LEI of Registrant:** 549300QVQ3VLO2G2BM75

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

  - **Street Address 1:** 1700 Broadway Suite 1850

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80290

  - **Telephone number:** 8775249155

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

- **a. Name of Series:** The Opal International Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000089318

- **c. LEI of Series:** 529900P0N02X8QF61K45

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

- **a. Date of fiscal year-end:** 2025-10-31

- **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:** $74174658.61

**Total Liabilities:** $42127.58

**Net Assets:** $74132531.03

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255835 | 3.17%                | 3.12%                | 2.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $16887.49                | $923766.25                                 |
| Month 2  | $-213948.39              | $1877510.42                                |
| Month 3  | $-453055.55              | $2065030.42                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Philip Morris International Inc | Philip Morris International Inc                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     11142 | NS      | $1909293.12   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                    | Barclays PLC                                      | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     48412 | NS      | $777496.72    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                       | Nestle SA                                         | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     12422 | NS      | $1324060.98   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd       | Alibaba Group Holding Ltd                         | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     17901 | NS      | $2137916.43   | 2.88%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA  | BB Seguridade Participacoes SA                    | CUSIP: 05541J103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    366061 | NS      | $2774742.38   | 3.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Michelin                        | Cie Generale des Etablissement                    | CUSIP: 59410T106<br>LEI: 549300SOSI58J6VIW052 | Long             | EC               | CORP              | FR        |     39101 | NS      | $711638.20    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrefour SA                    | Carrefour SA                                      | CUSIP: 144430204<br>LEI: 549300B8P6MUJ1YWTS08 | Long             | EC               | CORP              | FR        |    581328 | NS      | $1796303.52   | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc       | Tokio Marine Holdings Inc                         | CUSIP: 889094108<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     36176 | NS      | $1440709.20   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG       | Zurich Insurance Group AG                         | CUSIP: 989825104<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     64106 | NS      | $2265506.04   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp    | China Construction Bank Corp                      | CUSIP: 168919108<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |     81442 | NS      | $1384514.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Manila Electric Co              | Manila Electric Co                                | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |    122191 | NS      | $1246958.55   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA              | Banco Santander SA                                | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    243119 | NS      | $1701833.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| ICTSI                           | International Container Termin                    | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |     98534 | NS      | $600148.00    | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Sonic Healthcare Ltd            | Sonic Healthcare Ltd                              | CUSIP: 83546A203<br>LEI: 549300NQQ5L2NONWR862 | Long             | EC               | CORP              | AU        |     37772 | NS      | $630792.40    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co Ltd ADR     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     12200 | NS      | $2033618.00   | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc               | Suncor Energy Inc                                 | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     29107 | NS      | $1027186.03   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                       | Orange SA                                         | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    222676 | NS      | $3219894.96   | 4.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA             | Intesa Sanpaolo SpA                               | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     26865 | NS      | $863978.40    | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                         | GSK PLC                                           | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     74462 | NS      | $2967310.70   | 4.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                     | Novartis AG                                       | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      6650 | NS      | $754708.50    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Petroleo Brasileiro SA          | Petroleo Brasileiro SA                            | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    197936 | NS      | $2234697.44   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV       | Coca-Cola Femsa SAB de CV                         | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     11383 | NS      | $1071481.79   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                    | UBS Group AG                                      | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     67781 | NS      | $2049019.63   | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                        | Enel SpA                                          | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    211695 | NS      | $1835395.65   | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                | TotalEnergies SE                                  | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     22034 | NS      | $1252632.90   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB d  | Kimberly-Clark de Mexico SAB d                    | CUSIP: 494386204<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |    177953 | NS      | $1569545.46   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC    | British American Tobacco PLC                      | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     74847 | NS      | $3259586.85   | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV        | Universal Music Group NV                          | CUSIP: 91377B109<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    160931 | NS      | $2346373.98   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA              | Banco do Brasil SA                                | CUSIP: 059578104<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |    161993 | NS      | $821304.51    | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Liquide SA                  | Air Liquide SA                                    | CUSIP: 009126202<br>LEI: 969500MMPQVHK671GT54 | Long             | EC               | CORP              | FR        |     20215 | NS      | $827399.95    | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV    | Wal-Mart de Mexico SAB de CV                      | CUSIP: 93114W107<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    104838 | NS      | $3306590.52   | 4.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC     | Reckitt Benckiser Group PLC                       | CUSIP: 756255204<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |     53731 | NS      | $693667.21    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero   | Bank Rakyat Indonesia Persero                     | CUSIP: 69366X100<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |    149758 | NS      | $1731636.78   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC             | Imperial Brands PLC                               | CUSIP: 45262P102<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     59086 | NS      | $2420753.42   | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                | Roche Holding AG                                  | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     18620 | NS      | $759137.40    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                   | Rio Tinto PLC                                     | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     27398 | NS      | $1627441.20   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Royal Bank of Canada            | Royal Bank of Canada                              | CUSIP: 780087102<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | EC               | CORP              | CA        |      5585 | NS      | $669529.80    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                | Novo Nordisk A/S                                  | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     23492 | NS      | $1561043.40   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                    | Unilever PLC                                      | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     20977 | NS      | $1333088.35   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC               | HSBC Holdings PLC                                 | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     48259 | NS      | $2706364.72   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| SAP SE                          | SAP SE                                            | CUSIP: 803054204<br>LEI: 529900D6BF99LW9R2E68 | Long             | EC               | CORP              | DE        |      1355 | NS      | $395917.45    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV              | Koninklijke KPN NV                                | CUSIP: 780641205<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    767075 | NS      | $3543886.50   | 4.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                    | Iberdrola SA                                      | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     11704 | NS      | $845614.00    | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                  | BNP Paribas SA                                    | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     39919 | NS      | $1684581.80   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                 | ASML Holding NV                                   | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2196 | NS      | $1467103.68   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET INSTITUTIONAL US   | STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS | CUSIP: 857492656<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    206572 | NS      | $206571.55    | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-05-30

**Name of Applicant:** Elevation Series Trust

**Signature:** Nick Austin

**Name of Signer:** Nick Austin

**Title:** Treasurer