# EDGAR Filing Document

**Accession Number:** 0001524348
**File Stem:** 0001162044-25-000656
**Filing Date:** 2025-6
**Character Count:** 83247
**Document Hash:** 3a52d318f31f22c6134c4c296d421785
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-000656.hdr.sgml**: 20250630

**ACCESSION NUMBER**: 0001162044-25-000656

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250630

**DATE AS OF CHANGE**: 20250630

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** SPEND LIFE WISELY FUNDS INVESTMENT TRUST
- **CENTRAL INDEX KEY:** 0001524348

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22576
- **FILM NUMBER:** 251092763

**BUSINESS ADDRESS:**
- **STREET 1:** 1845 WOODALL RODGERS
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201
- **BUSINESS PHONE:** 214-871-5230

**MAIL ADDRESS:**
- **STREET 1:** 1845 WOODALL RODGERS
- **STREET 2:** SUITE 1000
- **CITY:** DALLAS
- **STATE:** TX
- **ZIP:** 75201

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** RANGER FUNDS INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20110627

## Series and Classes Contracts Data

### Wisdom Short Duration Income Fund (Series ID: S000086257)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000251712 | Institutional Class |  |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **April 30, 2025 (unaudited)** | **April 30, 2025 (unaudited)** | **April 30, 2025 (unaudited)** | **April 30, 2025 (unaudited)** |
| **<u>Wisdom Short Duration Income Fund</u>** | **<u>Wisdom Short Duration Income Fund</u>** | **<u>Wisdom Short Duration Income Fund</u>** | **<u>Wisdom Short Duration Income Fund</u>** |
|  |  | **Shares or Principal** |  |
| **Security Description** | **Security Description** | **Amount ($)** | **Fair Value ($)(1)** |
| **Corporate Bonds - 82.90%** | **Corporate Bonds - 82.90%** | **Corporate Bonds - 82.90%** | **Corporate Bonds - 82.90%** |
| **Consumer Defensive - 2.55%** | **Consumer Defensive - 2.55%** |  |  |
| L3 Technologies, Inc., 4.4%, due 6/15/28 | L3 Technologies, Inc., 4.4%, due 6/15/28 | 2000000  | 1995521  |
| Philip Morris International, Inc., 4.125%, due 4/28/28 | Philip Morris International, Inc., 4.125%, due 4/28/28 | 2000000  | 1996074  |
|  |  |  | 3991595  |
| **Consumer Discretionary - 9.06%** | **Consumer Discretionary - 9.06%** |  |  |
| Alaska Airlines 2020-1 Pass-Thru Trust, 4.8%, due 8/15/27 | Alaska Airlines 2020-1 Pass-Thru Trust, 4.8%, due 8/15/27 | 161813  | 161730  |
| American Airlines Group, Inc. Series 144A, 5.50%, due 4/20/26 | American Airlines Group, Inc. Series 144A, 5.50%, due 4/20/26 | 500000  | 496981  |
| American Airlines Group, Inc., 3.65%, due 6/15/28 | American Airlines Group, Inc., 3.65%, due 6/15/28 | 944250  | 895530  |
| British Airways 19-1 A PTT Series 144A, 3.35%, due 6/15/29 (United Kingdom) | British Airways 19-1 A PTT Series 144A, 3.35%, due 6/15/29 (United Kingdom) | 1712925  | 1640133  |
| General Motors Financial Co., Inc., 5.665504% (Daily SOFR USD + 1.35%), due 5/8/27 | General Motors Financial Co., Inc., 5.665504% (Daily SOFR USD + 1.35%), due 5/8/27 | 1000000  | 990977  |
| Hyundai Capital America, 5.275%, due 6/24/27 | Hyundai Capital America, 5.275%, due 6/24/27 | 1100000  | 1108641  |
| Toyota Motor Corp. Series MTN, 5.25%, due 1/22/30 | Toyota Motor Corp. Series MTN, 5.25%, due 1/22/30 | 500000  | 507209  |
| Turkish Airlines Trust, 4.2%, due 3/15/27 (Turkey) | Turkish Airlines Trust, 4.2%, due 3/15/27 (Turkey) | 1083143  | 1046887  |
| United Airlines Holdings, Inc. Series 144A, 6.50%, due 6/20/27 | United Airlines Holdings, Inc. Series 144A, 6.50%, due 6/20/27 | 1236150  | 1240029  |
| United Airlines Holdings, Inc., 4.875%, due 1/15/26 | United Airlines Holdings, Inc., 4.875%, due 1/15/26 | 444385  | 442728  |
| US Airways 2013-1A PTT, 3.95%, due 11/15/25 | US Airways 2013-1A PTT, 3.95%, due 11/15/25 | 425130  | 423149  |
| Volkswagen Group of America Finance, LLC., 5.25%, due 3/22/29 | Volkswagen Group of America Finance, LLC., 5.25%, due 3/22/29 | 2000000  | 2005553  |
| Volkswagen Group of America Finance, LLC., 5.35%, due 3/27/30 | Volkswagen Group of America Finance, LLC., 5.35%, due 3/27/30 | 1500000  | 1495539  |
| Volkswagen Group of America Finance, LLC., 6.45%, due 11/16/30 | Volkswagen Group of America Finance, LLC., 6.45%, due 11/16/30 | 1640000  | 1709483  |
|  |  |  | 14164569  |
| **Energy - 8.17%** | **Energy - 8.17%** |  |  |
| Enerflex Ltd., 9.00%, due 10/15/27 (Canada) | Enerflex Ltd., 9.00%, due 10/15/27 (Canada) | 500000  | 511515  |
| Energy Transfer LP Series 144A, 5.625%, due 5/1/27 | Energy Transfer LP Series 144A, 5.625%, due 5/1/27 | 1000000  | 1000285  |
| Energy Transfer LP, 6.0%, due 2/1/29 | Energy Transfer LP, 6.0%, due 2/1/29 | 1089000  | 1101586  |
| HF Sinclair Corp., 4.50%, due 10/1/30 | HF Sinclair Corp., 4.50%, due 10/1/30 | 3000000  | 2844374  |
| HF Sinclair Corp., 5.0%, due 2/1/28 | HF Sinclair Corp., 5.0%, due 2/1/28 | 1000000  | 988769  |
| HF Sinclair Corp., 5.75%, due 1/15/31 | HF Sinclair Corp., 5.75%, due 1/15/31 | 1500000  | 1485657  |
| HF Sinclair Corp., 6.375, due 4/15/27 | HF Sinclair Corp., 6.375, due 4/15/27 | 1362000  | 1374371  |
| LG Energy Solution Ltd, 6.043258% (Daily SOFR USD + 1.70%), due 4/2/30 (South Korea) | LG Energy Solution Ltd, 6.043258% (Daily SOFR USD + 1.70%), due 4/2/30 (South Korea) | 2500000  | 2469890  |
| Targa Resources Corp, 5.5%, due 3/1/30 | Targa Resources Corp, 5.5%, due 3/1/30 | 1000000  | 998927  |
|  |  |  | 12775374  |
| **Financials - 43.24%** | **Financials - 43.24%** |  |  |
| ACRES Commercial Realty Corp., 5.75%, due 8/15/26 | ACRES Commercial Realty Corp., 5.75%, due 8/15/26 | 2000000  | 1960786  |
| American National Group, Inc., 5.75%, due 10/1/29 | American National Group, Inc., 5.75%, due 10/1/29 | 2000000  | 2028206  |
| Athene Global Funding Series 144A, 5.38%, due 1/7/30 | Athene Global Funding Series 144A, 5.38%, due 1/7/30 | 2000000  | 2036361  |
| Australia & New Zealand Banking Group Ltd. Series 144A, 2.57%, due 11/25/35 (Australia) | Australia & New Zealand Banking Group Ltd. Series 144A, 2.57%, due 11/25/35 (Australia) | 2500000  | 2161880  |
| Banco Santander SA, 6.833%, due 11/21/26 (United Kingdom) | Banco Santander SA, 6.833%, due 11/21/26 (United Kingdom) | 1000000  | 1009951  |
| Blackstone Private Credit Fund, 7.3%, due 11/27/28 | Blackstone Private Credit Fund, 7.3%, due 11/27/28 | 1000000  | 1057315  |
| Blackstone, Inc. Series 144A, 5.60%, due 11/22/29 | Blackstone, Inc. Series 144A, 5.60%, due 11/22/29 | 2000000  | 1973547  |
| Blue Owl Credit Income Corp. Series 144A, 6.60%, due 9/15/29 | Blue Owl Credit Income Corp. Series 144A, 6.60%, due 9/15/29 | 3000000  | 3028622  |
| Blue Owl Credit Income Corp., 7.75%, due 1/15/29 | Blue Owl Credit Income Corp., 7.75%, due 1/15/29 | 750000  | 787231  |
| Blue Owl Credit Income Corp., 7.75%, due 9/16/27 | Blue Owl Credit Income Corp., 7.75%, due 9/16/27 | 1000000  | 1037027  |
| Blue Owl Technology Finance Corp. Series 144A, 6.10%, due 3/15/28 | Blue Owl Technology Finance Corp. Series 144A, 6.10%, due 3/15/28 | 2000000  | 1984202  |
| Blue Owl Technology Finance Corp., 4.75%, due 12/15/25 | Blue Owl Technology Finance Corp., 4.75%, due 12/15/25 | 500000  | 497226  |
| Capital One Financial Corp., 6.312%, due 6/8/29 | Capital One Financial Corp., 6.312%, due 6/8/29 | 1000000  | 1041063  |
| Citadel Finance LLC., 5.9%, due 2/10/30 | Citadel Finance LLC., 5.9%, due 2/10/30 | 2000000  | 1986619  |
| Citigroup, Inc., 5.218032%, due 3/4/29 | Citigroup, Inc., 5.218032%, due 3/4/29 | 1500000  | 1484830  |
| Deutsche Bank AG, 4.875%, due 12/1/32 (Germany) | Deutsche Bank AG, 4.875%, due 12/1/32 (Germany) | 1000000  | 976620  |
| Deutsche Bank AG, 5.0%, due 9/10/29 (Germany) | Deutsche Bank AG, 5.0%, due 9/10/29 (Germany) | 1000000  | 1006071  |
| Deutsche Bank AG, 5.373%, due 1/10/29 (Germany) | Deutsche Bank AG, 5.373%, due 1/10/29 (Germany) | 1250000  | 1265797  |
| Fidus Investment Corp., 3.5%, due 11/15/26 | Fidus Investment Corp., 3.5%, due 11/15/26 | 250000  | 238877  |
| Fidus Investment Corp., 6.75%, due 3/19/30 | Fidus Investment Corp., 6.75%, due 3/19/30 | 500000  | 492746  |
| Goldman Sachs Group, Inc., 5.207%, due 1/28/31 | Goldman Sachs Group, Inc., 5.207%, due 1/28/31 | 2000000  | 2031166  |
| Jefferies Financial Group, Inc., 5.0%, due 2/10/26 | Jefferies Financial Group, Inc., 5.0%, due 2/10/26 | 1000000  | 1001359  |
| JPMorgan Chase & Co., 4.915%, due 1/24/29 | JPMorgan Chase & Co., 4.915%, due 1/24/29 | 500000  | 506644  |
| JPMorgan Chase & Co., 5.037530% (Daily SOFR USD + 0.76161%), due 2/1/27 | JPMorgan Chase & Co., 5.037530% (Daily SOFR USD + 0.76161%), due 2/1/27 | 100000  | 98052  |
| JPMorgan Chase & Co., 5.04%, due 1/23/28 | JPMorgan Chase & Co., 5.04%, due 1/23/28 | 1000000  | 1009516  |
| JPMorgan Chase & Co., 5.09% (Daily SOFR USD + 0.81161%), due 2/1/27 | JPMorgan Chase & Co., 5.09% (Daily SOFR USD + 0.81161%), due 2/1/27 | 145000  | 142079  |
| JPMorgan Chase & Co., 5.123377 (Daily SOFR USD + 0.80%), due 1/24/29 | JPMorgan Chase & Co., 5.123377 (Daily SOFR USD + 0.80%), due 1/24/29 | 1500000  | 1498499  |
| JPMorgan Chase & Co., 5.14%, due 1/24/31 | JPMorgan Chase & Co., 5.14%, due 1/24/31 | 1000000  | 1019614  |
| JPMorgan Chase & Co., 5.245155% (Daily SOFR USD + 0.92%), due 4/22/28 | JPMorgan Chase & Co., 5.245155% (Daily SOFR USD + 0.92%), due 4/22/28 | 1250000  | 1250759  |
| JPMorgan Chase & Co., 8.75%, due 9/1/30 | JPMorgan Chase & Co., 8.75%, due 9/1/30 | 1382000  | 1625000  |
| Mizuho Markets Cayman LP, 4.834899% (Daily SOFR USD + 0.50%), due 5/1/26 (Cayman Islands) (2) | Mizuho Markets Cayman LP, 4.834899% (Daily SOFR USD + 0.50%), due 5/1/26 (Cayman Islands) (2) | 2500000  | 2500729  |
| Morgan Stanley, 4.994%, due 4/12/29 | Morgan Stanley, 4.994%, due 4/12/29 | 500000  | 506424  |
| Morgan Stanley, 5.016%, due 1/12/29 | Morgan Stanley, 5.016%, due 1/12/29 | 2000000  | 2028843  |
| Morgan Stanley, 5.228691% (Daily SOFR USD + 0.90%), due 1/12/29 | Morgan Stanley, 5.228691% (Daily SOFR USD + 0.90%), due 1/12/29 | 1500000  | 1493400  |
| Natwest Markets plc, 4.789%, due 3/21/28 (United Kingdom) | Natwest Markets plc, 4.789%, due 3/21/28 (United Kingdom) | 1000000  | 1005867  |
| Natwest Markets plc, 5.076%, due 1/27/30 (United Kingdom) | Natwest Markets plc, 5.076%, due 1/27/30 (United Kingdom) | 2000000  | 2013202  |
| Natwest Markets plc, 5.292376% (Daily SOFR USD + 0.95%), due 3/21/28 (United Kingdom) | Natwest Markets plc, 5.292376% (Daily SOFR USD + 0.95%), due 3/21/28 (United Kingdom) | 1500000  | 1496680  |
| NexPoint Real Estate Finance, Inc., 5.75%, due 5/1/26 | NexPoint Real Estate Finance, Inc., 5.75%, due 5/1/26 | 1000000  | 971425  |
| PACCAR Financial Corp. Series 2024-Home1 Class A1, 6.43%, due 5/25/59 | PACCAR Financial Corp. Series 2024-Home1 Class A1, 6.43%, due 5/25/59 | 1238792  | 1251686  |
| PennantPark Investment Corp., 4.00%, due 11/1/26 | PennantPark Investment Corp., 4.00%, due 11/1/26 | 1000000  | 958526  |
| Portman Ridge Finance Corp., 4.875%, due 4/30/26 | Portman Ridge Finance Corp., 4.875%, due 4/30/26 | 1000000  | 974318  |
| Principal Financial Group, Inc., 4.80%, due 1/9/28 | Principal Financial Group, Inc., 4.80%, due 1/9/28 | 500000  | 505568  |
| Reinsurance Group of America, Inc. Series 144A, 5.25%, due 1/9/30 | Reinsurance Group of America, Inc. Series 144A, 5.25%, due 1/9/30 | 2000000  | 2043005  |
| Royal Bank of Canada Series GMTN, 4.965%, due 1/24/29 (Canada) | Royal Bank of Canada Series GMTN, 4.965%, due 1/24/29 (Canada) | 2000000  | 2026844  |
| Royal Bank of Canada, 4.969%, due 8/2/30 (Canada) | Royal Bank of Canada, 4.969%, due 8/2/30 (Canada) | 2582000  | 2611625  |
| Royal Bank of Canada, 5.349156% (Daily SOFR USD + 1.03%), due 2/4/31 (Canada) | Royal Bank of Canada, 5.349156% (Daily SOFR USD + 1.03%), due 2/4/31 (Canada) | 2500000  | 2478900  |
| Sixth Street Lending Partners, 5.75%, due 1/15/30 | Sixth Street Lending Partners, 5.75%, due 1/15/30 | 1000000  | 987739  |
| Sixth Street Lending Partners, 6.125%, due 7/15/30 | Sixth Street Lending Partners, 6.125%, due 7/15/30 | 1500000  | 1503155  |
| Sumitomo Mitsui Financial Group, Inc., 0.00% (Daily SOFR USD + 1.05%), due 4/15/30 (Japan) | Sumitomo Mitsui Financial Group, Inc., 0.00% (Daily SOFR USD + 1.05%), due 4/15/30 (Japan) | 1000000  | 999589  |
| Toronto Dominion Bank, 5.40%, due 1/31/30 (Canada) | Toronto Dominion Bank, 5.40%, due 1/31/30 (Canada) | 1000000  | 1013733  |
|  |  |  | 67608923  |
| **Healthcare - 0.85%** | **Healthcare - 0.85%** |  |  |
| Centene Corp., 3.00%, due 10/15/30 | Centene Corp., 3.00%, due 10/15/30 | 1000000  | 878052  |
| Centene Corp., 3.375%, due 2/15/30 | Centene Corp., 3.375%, due 2/15/30 | 500000  | 455728  |
|  |  |  | 1333780  |
| **Industrials - 1.28%** | **Industrials - 1.28%** |  |  |
| LG Energy Solution Ltd, 5.25%, due 4/2/28 (South Korea) | LG Energy Solution Ltd, 5.25%, due 4/2/28 (South Korea) | 1500000  | 1505795  |
| LG Energy Solution Ltd, 5.375%, due 4/2/30 (South Korea) | LG Energy Solution Ltd, 5.375%, due 4/2/30 (South Korea) | 500000  | 496844  |
|  |  |  | 2002639  |
| **Materials - 0.50%** | **Materials - 0.50%** |  |  |
| Anglo American Capital plc, 5.625, due 4/1/30 (United Kingdom) | Anglo American Capital plc, 5.625, due 4/1/30 (United Kingdom) | 766000  | 784529  |
| **Real Estate - 8.52%** | **Real Estate - 8.52%** |  |  |
| American Tower Corp., 4.0%, due 6/1/25 | American Tower Corp., 4.0%, due 6/1/25 | 700000  | 699276  |
| American Tower Corp., 4.9%, due 3/15/30 | American Tower Corp., 4.9%, due 3/15/30 | 3000000  | 3028628  |
| American Tower Corp., 5.20%, due 2/15/29 | American Tower Corp., 5.20%, due 2/15/29 | 1000000  | 1021573  |
| Angel Oak Mortgage Trust Series 2023-3 Class A1, 4.8%, due 9/26/67 | Angel Oak Mortgage Trust Series 2023-3 Class A1, 4.8%, due 9/26/67 | 2957755  | 2927582  |
| Bravo Residential Funding Trust Series 2022-NQM3 Class A1,5.11%, due 7/25/62 | Bravo Residential Funding Trust Series 2022-NQM3 Class A1,5.11%, due 7/25/62 | 491987  | 489191  |
| Starwood Commercial Mortgage Series 2022-4 Class A1, 5.19%, due 5/25/67 | Starwood Commercial Mortgage Series 2022-4 Class A1, 5.19%, due 5/25/67 | 1166703  | 1169171  |
| Velocity Comercial Capital Loan Series 2025-1 Class A, 6.03%, due 2/25/55 | Velocity Comercial Capital Loan Series 2025-1 Class A, 6.03%, due 2/25/55 | 991890  | 998190  |
| Velocity Comercial Capital Loan Series 2025-2 Class A, 5.67%, due 4/25/55 | Velocity Comercial Capital Loan Series 2025-2 Class A, 5.67%, due 4/25/55 | 1499105  | 1500025  |
| Velocity Comercial Capital Loan Series 2025-2 Class M1, 6.47%, due 4/25/55 | Velocity Comercial Capital Loan Series 2025-2 Class M1, 6.47%, due 4/25/55 | 999404  | 999262  |
| Vinebrook Homes Trust, Inc. Series 2024-SFR1 Class A, 4.50%, due 3/17/41 | Vinebrook Homes Trust, Inc. Series 2024-SFR1 Class A, 4.50%, due 3/17/41 | 490194  | 479527  |
|  |  |  | 13312425  |
| **Technology - 0.31%** | **Technology - 0.31%** |  |  |
| CDW LLC, 4.125, due 5/1/25 |  | 487000  | 487000  |
| **Utilities - 8.42%** | **Utilities - 8.42%** |  |  |
| AEP Texas, Inc., 5.45%, due 5/15/29 | AEP Texas, Inc., 5.45%, due 5/15/29 | 500000  | 512303  |
| Dominion Energy, Inc., 5.0%, due 6/15/30 | Dominion Energy, Inc., 5.0%, due 6/15/30 | 1000000  | 1009037  |
| DTE Energy Co., 5.2%, due 4/1/30 |  | 2000000  | 2032074  |
| EQM Midstream Partners LP, 6.5%, due 7/1/27 | EQM Midstream Partners LP, 6.5%, due 7/1/27 | 2000000  | 2033850  |
| Korea National Oil Corp., 5.113924 (Daily SOFR USD + 0.77%), due 3/31/28 (South Korea) | Korea National Oil Corp., 5.113924 (Daily SOFR USD + 0.77%), due 3/31/28 (South Korea) | 2000000  | 1991749  |
| Palomino Funding Trust I, 7.233%, due 5/17/28 | Palomino Funding Trust I, 7.233%, due 5/17/28 | 2275000  | 2394726  |
| Talen Energy Supply, LLC, 8.625%, due 6/1/30 | Talen Energy Supply, LLC, 8.625%, due 6/1/30 | 1500000  | 1601382  |
| Vistra Corp., 7.75%, due 10/15/31 |  | 1500000  | 1586100  |
|  |  |  | 13161221  |
| Total Corporate Bonds | Total Corporate Bonds | (Cost $129,380,379) | 129622055  |
| **Government-Sponsored Enterprise Debt - 4.93%** | **Government-Sponsored Enterprise Debt - 4.93%** | **Government-Sponsored Enterprise Debt - 4.93%** | **Government-Sponsored Enterprise Debt - 4.93%** |
| Fannie Mae-CAS Series 25-R01 Class 1A1, 5.301%, due 1/25/45 | Fannie Mae-CAS Series 25-R01 Class 1A1, 5.301%, due 1/25/45 | 962294  | 956894  |
| Freddie Mac - STACR Series 24-HQA1 Class A1, 5.59%, due 3/25/44 | Freddie Mac - STACR Series 24-HQA1 Class A1, 5.59%, due 3/25/44 | 458112  | 457540  |
| Freddie Mac - STACR Series 25-DNA1 Class A1, 5.3355%, due 1/25/45 | Freddie Mac - STACR Series 25-DNA1 Class A1, 5.3355%, due 1/25/45 | 850000  | 845757  |
| Government National Mortgage Association Series 2019-H04 Class NA, 3.50%, due 9/20/68 | Government National Mortgage Association Series 2019-H04 Class NA, 3.50%, due 9/20/68 | 430941  | 407833  |
| Government National Mortgage Series 19-H14 Class DF, 5.42%, 8/20/69 | Government National Mortgage Series 19-H14 Class DF, 5.42%, 8/20/69 | 996204  | 1004246  |
| Government National Mortgage Series 19-H15 Class FJ, 5.02%, due 9/20/69 | Government National Mortgage Series 19-H15 Class FJ, 5.02%, due 9/20/69 | 2084117  | 2072598  |
| Government National Mortgage Series 20-H17 Class BF, 5.64%, due 9/20/70 | Government National Mortgage Series 20-H17 Class BF, 5.64%, due 9/20/70 | 973730  | 989349  |
| Government Natoinal Mortgage Series 23-H20 Class FL, 5.44%, due 5/20/73 | Government Natoinal Mortgage Series 23-H20 Class FL, 5.44%, due 5/20/73 | 974189  | 980546  |
|  |  | (Cost $7,780,959) | 7714763  |
| **Mortgage-Backed Securities - 7.01%** | **Mortgage-Backed Securities - 7.01%** | **Mortgage-Backed Securities - 7.01%** | **Mortgage-Backed Securities - 7.01%** |
| Blackstone Mortgage Trust, Inc. Series 2020-FL2 Class B, 5.90%, due 2/15/38 | Blackstone Mortgage Trust, Inc. Series 2020-FL2 Class B, 5.90%, due 2/15/38 | 1500000  | 1499208  |
| Finance of America Structured Series 2025-S1 Class A3, 3.5%, due 2/25/75 | Finance of America Structured Series 2025-S1 Class A3, 3.5%, due 2/25/75 | 994467  | 940660  |
| Finance of America HECM Buyout Series 2024-HB1 Class A1B, 4.00%, 10/1/34 | Finance of America HECM Buyout Series 2024-HB1 Class A1B, 4.00%, 10/1/34 | 1000000  | 983744  |
| Finance of America HECM Buyout Series 2024-HB1 Class M2, 6.00%, due 10/1/34 | Finance of America HECM Buyout Series 2024-HB1 Class M2, 6.00%, due 10/1/34 | 1500000  | 1496609  |
| Finance of America Structured Securities Trust Series 24-S2 Class A1, 3.50%, due 4/25/74 | Finance of America Structured Securities Trust Series 24-S2 Class A1, 3.50%, due 4/25/74 | 1859560  | 1791786  |
| Finance of America Structured Securities Trust Series 24-S4 Class AV, 5.84%, due 11/25/74 | Finance of America Structured Securities Trust Series 24-S4 Class AV, 5.84%, due 11/25/74 | 2265488  | 2239193  |
| Starwood Commercial Mortgage Series 21-FL2 Class C, 6.53%, due 4/18/38 | Starwood Commercial Mortgage Series 21-FL2 Class C, 6.53%, due 4/18/38 | 2000000  | 2000000  |
| Total Mortgage-Backed Securities | Total Mortgage-Backed Securities | (Cost $10,954,904) | 10951200  |
| **Exchange Traded Funds - 3.95%** | **Exchange Traded Funds - 3.95%** | **Exchange Traded Funds - 3.95%** | **Exchange Traded Funds - 3.95%** |
| Janus Henderson AAA CLO ETF |  | 40000  | 2021600  |
| Simplify Treasury Option Income ETF | Simplify Treasury Option Income ETF | 175000  | 4147500  |
| Total Exchange Traded Funds | Total Exchange Traded Funds | (Cost $6,309,571) | 6169100  |
| **Short-Term Investment (3) - 0.21%** | **Short-Term Investment (3) - 0.21%** | **Short-Term Investment (3) - 0.21%** | **Short-Term Investment (3) - 0.21%** |
| Federated Hermes Government Obligations Institutional Funds - 4.2% (2) | Federated Hermes Government Obligations Institutional Funds - 4.2% (2) | 324238  | 324238  |
| Total Short-Term Investment | Total Short-Term Investment | (Cost $324,238) | 324238  |
| **Total Investments - 99.00%** | **Total Investments - 99.00%** | (Cost $154,750,051) | 154781356  |
| Liabilities In Excess of Other Assets - 1.00% | Liabilities In Excess of Other Assets - 1.00% |  | 1569382  |
| Total Net Assets - 100.00% | Total Net Assets - 100.00% |  | 156350738  |
| **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  | **Futures Contracts**  |
|  |  |  | **Value and** |
|  |  |  | **Unrealized** |
|  | **Long (Short)** |  | **Appreciation** |
|  | **<u>Contracts</u>** | **<u>Value</u>** | **<u>(Depreciation)($)\*\*</u>** |
| **Index Futures** |  |  |  |
| Chicago Mercantile Exchange | -105 | (21858047) | (69961) |
| Chicago Mercantile Exchange | -380 | (41523906) | (509181) |
|  |  | (Cost $(63381953)) | (579142) |
| (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. | (1) ***Statement on Financial Accounting Standard No. 157 "Fair Value Measurements"*** - Various inputs are used in determining the value of the Fund's investments. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;These inputs are summarized in the three broad levels listed below. |
| • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities | • Level 1 - quoted prices in active markets for identical securities |
| • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) |
| • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of April 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of April 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of April 30, 2025 in valuing the Fund's assets carried at fair value: | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The following is a summary of the inputs used as of April 30, 2025 in valuing the Fund's assets carried at fair value: |
|  |  | Investments in  | Other Financial |
| Valuation Inputs |  | Securities | Instruments (9) |
| Level 1 - Quoted Prices |  | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;324238  | $- |
| Level 2 - Other Significant Observable Inputs | Level 2 - Other Significant Observable Inputs | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;154457118  | - |
| Level 3 - Significant Unobservable Inputs | Level 3 - Significant Unobservable Inputs | - | - |
| Total |  | $154781356 | $- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;market, such securities are reflected as Level 2. |
| (2) Variable rate security; the coupon rate shown represents the rate at April 30, 2025. | (2) Variable rate security; the coupon rate shown represents the rate at April 30, 2025. | (2) Variable rate security; the coupon rate shown represents the rate at April 30, 2025. | (2) Variable rate security; the coupon rate shown represents the rate at April 30, 2025. |
| (3) The yield shown represents the 7-day yield in effect at April 30, 2025. | (3) The yield shown represents the 7-day yield in effect at April 30, 2025. |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** SPEND LIFE WISELY FUNDS INVESTMENT TRUST

- **b. Investment Company Act file number:** 811-22576

- **c. CIK number of Registrant:** 0001524348

- **d. LEI of Registrant:** 529900W7V9DW1EHR4Q52

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

  - **Street Address 1:** 1845 Woodall Rodgers Fwy

  - **City:** Dallas

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 75201

  - **Telephone number:** 214-871-5254

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

- **a. Name of Series:** Wisdom Short Duration Income Fund

- **b. EDGAR series identifier (if any):** S000086257

- **c. LEI of Series:** 529900W7V9DW1EHR4Q52

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

- **a. Date of fiscal year-end:** 2025-07-31

- **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:** $160719177.12

**Total Liabilities:** $4368439.14

**Net Assets:** $156350737.98

**Cash Not Reported:** $714802.17

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 42.65 | **1-Year:** 1766.37 | **5-Year:** 51270.00 | **10-Year:** 1391.66 | **30-Year:** 356.97

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

- **3-Month:** 2.40 | **1-Year:** 1069.73 | **5-Year:** 3699.25 | **10-Year:** -0 | **30-Year:** -0

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251712 | 0.61%                | 0.13%                | 0.15%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $99678.43                | $439894.08                                 |
| Month 2  | $87732.18                | $-213442.73                                |
| Month 3  | $69599.01                | $-207840.87                                |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** 5000TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| ACRES Commercial Realty Corp.              | ACRES Commercial Realty Corp., 5.75%, due 8/15/26                                         | CUSIP: 00489QAA0<br>LEI: 549300RUJWPCMY4JFR46 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1960785.88   | 1.25%             | 2026-08-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Airlines Group, Inc.              | American Airlines Group, Inc., 3.65%, due 6/15/28                                         | CUSIP: 023764AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    944250 | PA      | $895530.48    | 0.57%             | 2028-06-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Anglo American Capital plc                 | Anglo American Capital plc, 5.625, due 4/1/30                                             | CUSIP: 034863AW0<br>LEI: TINT358G1SSHR3L3PW36 | Long             | DBT              | CORP              | GB        |    766000 | PA      | $784528.59    | 0.50%             | 2030-04-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| AEP Texas, Inc.                            | AEP Texas, Inc., 5.45%, due 5/15/29                                                       | CUSIP: 00108WAS9<br>LEI: 5493001L78U618KXNZ75 | Long             | DBT              | CORP              | US        |    500000 | PA      | $512303.30    | 0.33%             | 2029-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Alaska Airlines 2020-1 Pass-Thru Trust     | Alaska Airlines 2020-1 Pass-Thru Trust, 4.8%, due 8/15/27                                 | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    161813 | PA      | $161730.22    | 0.10%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| American Airlines Group, Inc.              | American Airlines Group, Inc. Series 144A, 5.50%, due 4/20/26                             | CUSIP: 00253XAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $496980.90    | 0.32%             | 2026-04-20      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| American National Group, Inc.              | American National Group, Inc., 5.75%, due 10/1/29                                         | CUSIP: 025676AN7<br>LEI: 549300RK5RZQ740FPL83 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2028206.20   | 1.30%             | 2029-10-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                       | American Tower Corp., 5.20%, due 2/15/29                                                  | CUSIP: 03027XCG3<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1021572.60   | 0.65%             | 2029-02-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                       | American Tower Corp., 4.0%, due 6/1/25                                                    | CUSIP: 03027XAG5<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699275.70    | 0.45%             | 2025-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| American Tower Corp.                       | American Tower Corp., 4.9%, due 3/15/30                                                   | CUSIP: 03027XCN8<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3028628.16   | 1.94%             | 2030-03-15      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust                   | Angel Oak Mortgage Trust Series 2023-3 Class A1, 4.8%, due 9/26/67                        | CUSIP: 034931AA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2957755 | PA      | $2927581.66   | 1.87%             | 2050-12-31      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| Athene Global Funding                      | Athene Global Funding Series 144A, 5.38%, due 1/7/30                                      | CUSIP: 04685A4G3<br>LEI: 549300LM1QSI4MSIL320 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2036361.04   | 1.30%             | 2030-01-07      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Australia & New Zealand Banking Group Ltd. | Australia & New Zealand Banking Group Ltd. Series 144A, 2.57%, due 11/25/35               | CUSIP: 052528AM8<br>LEI: JHE42UYNWWTJB8YTTU19 | Long             | DBT              | CORP              | AU        |   2500000 | PA      | $2161879.95   | 1.38%             | 2035-11-25      | Fixed         | 2.57%                 | No            |                  2 | On Loan: No      |
| Banco Santander SA                         | Banco Santander SA, 6.833%, due 11/21/26                                                  | CUSIP: 80281LAS4<br>LEI: 549300F5XIFGNNW4CF72 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1009951.40   | 0.65%             | 2026-11-21      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund             | Blackstone Private Credit Fund, 7.3%, due 11/27/28                                        | CUSIP: 09261HBC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1057314.63   | 0.68%             | 2028-11-27      | Fixed         | 7.30%                 | No            |                  2 | On Loan: No      |
| Blackstone Mortgage Trust                  | Blackstone Mortgage Trust, Inc. Series 2020-FL2 Class B, 5.90%, due 2/15/38               | CUSIP: 12434LAE4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1499208.30   | 0.96%             | 2038-02-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Blackstone Private Credit Fund             | Blackstone, Inc. Series 144A, 5.60%, due 11/22/29                                         | CUSIP: 09261HBT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1973546.76   | 1.26%             | 2029-11-22      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.               | Blue Owl Credit Income Corp. Series 144A, 6.60%, due 9/15/29                              | CUSIP: 09581CAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3028622.19   | 1.94%             | 2029-09-15      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Co.            | Blue Owl Technology Finance Corp. Series 144A, 6.10%, due 3/15/28                         | CUSIP: 095924AA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1984201.98   | 1.27%             | 2028-03-15      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| Bravo Residential Funding Trust            | Bravo Residential Funding Trust Series 2022-NQM3 Class A1,5.11%, due 7/25/62              | CUSIP: 10569JAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    491987 | PA      | $489190.73    | 0.31%             | 2050-12-31      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| Citigroup, Inc.                            | Citigroup, Inc., 5.218032%, due 3/4/29                                                    | CUSIP: 17327CAX1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1484830.10   | 0.95%             | 2029-03-04      | Variable      | 5.21%                 | No            |                  2 | On Loan: No      |
| CDW LLC                                    | CDW LLC, 4.125, due 5/1/25                                                                | CUSIP: 12513GBE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    487000 | PA      | $487000.00    | 0.31%             | 2025-05-01      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                              | Centene Corp., 3.00%, due 10/15/30                                                        | CUSIP: 15135BAW1<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $878051.81    | 0.56%             | 2030-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Citadel Finance LLC.                       | Citadel Finance LLC., 5.9%, due 2/10/30                                                   | CUSIP: 17287HAD2<br>LEI: 549300BQL283NCR7P163 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1986619.34   | 1.27%             | 2030-02-10      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Centene Corp.                              | Centene Corp., 3.375%, due 2/15/30                                                        | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    500000 | PA      | $455727.88    | 0.29%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Capital One Financial Corp.                | Capital One Financial Corp., 6.312%, due 6/8/29                                           | CUSIP: 14040HCZ6<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1041062.91   | 0.67%             | 2029-06-08      | Fixed         | 6.31%                 | No            |                  2 | On Loan: No      |
| Dominion Energy, Inc.                      | Dominion Energy, Inc., 5.0%, due 6/15/30                                                  | CUSIP: 25746UDW6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009037.46   | 0.65%             | 2030-06-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                           | Deutsche Bank AG, 4.875%, due 12/1/32                                                     | CUSIP: 251526BN8<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $976620.49    | 0.62%             | 2032-12-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                           | Deutsche Bank AG, 5.0%, due 9/10/29                                                       | CUSIP: 25161FAE8<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |   1000000 | PA      | $1006070.58   | 0.64%             | 2029-09-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Deutsche Bank AG                           | Deutsche Bank AG, 5.373%, due 1/10/29                                                     | CUSIP: 25160PAQ0<br>LEI: 529900HNOAA1KXQJUQ27 | Long             | DBT              | CORP              | DE        |   1250000 | PA      | $1265797.24   | 0.81%             | 2029-01-10      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                          | HF Sinclair Corp., 4.50%, due 10/1/30                                                     | CUSIP: 403949AC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2844373.80   | 1.82%             | 2030-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                          | HF Sinclair Corp., 5.0%, due 2/1/28                                                       | CUSIP: 403949AQ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988769.21    | 0.63%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                          | HF Sinclair Corp., 5.75%, due 1/15/31                                                     | CUSIP: 403949AR1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1485656.93   | 0.95%             | 2031-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| HF Sinclair Corp.                          | HF Sinclair Corp., 6.375, due 4/15/27                                                     | CUSIP: 403949AP5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1362000 | PA      | $1374371.26   | 0.88%             | 2027-04-15      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                             | DTE Energy Co., 5.2%, due 4/1/30                                                          | CUSIP: 233331BN6<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2032073.56   | 1.30%             | 2030-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Enerflex Ltd.                              | Enerflex Ltd., 9.00%, due 10/15/27                                                        | CUSIP: 29269RAA3<br>LEI: 54930014N7872VUS3F89 | Long             | DBT              | CORP              | CA        |    500000 | PA      | $511514.50    | 0.33%             | 2027-10-15      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Crestwood Midstream Partners LP            | Energy Transfer LP Series 144A, 5.625%, due 5/1/27                                        | CUSIP: 226373AQ1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000285.19   | 0.64%             | 2027-05-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| EQM Midstream Partners LP                  | EQM Midstream Partners LP, 6.5%, due 7/1/27                                               | CUSIP: U26886AB4<br>LEI: 549300NELT611CL6XM83 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2033850.10   | 1.30%             | 2027-07-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Crestwood Midstream Partners LP            | Energy Transfer LP, 6.0%, due 2/1/29                                                      | CUSIP: 226373AR9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1101585.73   | 0.70%             | 2029-02-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| United States of America                   | Fannie Mae-CAS Series 25-R01 Class 1A1, 5.301%, due 1/25/45                               | CUSIP: 20755JAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    962294 | PA      | $956893.86    | 0.61%             | 2045-01-25      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured              | Finance of America Structured Series 2025-S1 Class A3, 3.5%, due 2/25/75                  | CUSIP: 31741BAD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    994467 | PA      | $940660.10    | 0.60%             | 2050-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corp.                     | Fidus Investment Corp., 3.5%, due 11/15/26                                                | CUSIP: 316500AC1<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |    250000 | PA      | $238876.79    | 0.15%             | 2026-11-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Fidus Investment Corp.                     | Fidus Investment Corp., 6.75%, due 3/19/30                                                | CUSIP: 316500AD9<br>LEI: 549300836CRWCROFBC02 | Long             | DBT              | CORP              | US        |    500000 | PA      | $492745.84    | 0.32%             | 2030-03-19      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Money Market Obligations Trust             | Federated Hermes Government Obligation Instiutional Funds                                 | CUSIP: 60934N104<br>LEI: N/A                  | Long             | STIV             | RF                | US        |    324238 | NS      | $324238.16    | 0.21%             | N/A             | Variable      | 0.00%                 | No            |                  1 | On Loan: No      |
| Finance of America                         | Finance of America HECM Buyout Series 2024-HB1 Class A1B, 4.00%, 10/1/34                  | CUSIP: 31737DAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983743.80    | 0.63%             | 2034-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Finance of America                         | Finance of America HECM Buyout Series 2024-HB1 Class M2, 6.00%, due 10/1/34               | CUSIP: 31737DAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1496609.40   | 0.96%             | 2034-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured              | Finance of America Structured Securities Trust Series 24-S2 Class A1, 3.50%, due 4/25/74  | CUSIP: 31739VAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1859560 | PA      | $1791786.30   | 1.15%             | 2050-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Finance of America Structured              | Finance of America Structured Securities Trust Series 24-S4 Class AV, 5.84%, due 11/25/74 | CUSIP: 31741AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2265488 | PA      | $2239192.63   | 1.43%             | 2050-12-31      | Variable      | 5.84%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                        | Freddie Mac - STACR Series 24-HQA1 Class A1, 5.59%, due 3/25/44                           | CUSIP: 35564NBW2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    458112 | PA      | $457540.41    | 0.29%             | 2044-03-25      | Variable      | 5.59%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR                        | Freddie Mac - STACR Series 25-DNA1 Class A1, 5.3355%, due 1/25/45                         | CUSIP: 35564NFY4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    850000 | PA      | $845757.31    | 0.54%             | 2045-01-25      | Fixed         | 5.34%                 | No            |                  2 | On Loan: No      |
| General Motors Financial Co., Inc.         | General Motors Financial Co., Inc., 5.665504% (Daily SOFR USD + 1.35%), due 5/8/27        | CUSIP: 37045XES1<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $990977.00    | 0.63%             | 2027-05-08      | Variable      | 5.67%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Association Series 2019-H04 Class NA, 3.50%, due 9/20/68     | CUSIP: 38380LRU9<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | USGSE             | US        |    430941 | PA      | $407832.88    | 0.26%             | 2050-12-31      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| The Goldman Sachs Group, Inc.              | Goldman Sachs Group, Inc., 5.207%, due 1/28/31                                            | CUSIP: 38141GC36<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2031165.60   | 1.30%             | 2031-01-28      | Fixed         | 5.21%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Series 19-H14 Class DF, 5.42%, 8/20/69                       | CUSIP: 38380LZB2<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | CORP              | US        |    996204 | PA      | $1004245.94   | 0.64%             | 2050-12-31      | Variable      | 5.42%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Series 19-H15 Class FJ, 5.02%, due 9/20/69                   | CUSIP: 38380LD67<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | CORP              | US        |   2084117 | PA      | $2072597.71   | 1.33%             | 2050-12-31      | Variable      | 5.02%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government National Mortgage Series 20-H17 Class BF, 5.64%, due 9/20/70                   | CUSIP: 38380QLZ3<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | CORP              | US        |    973730 | PA      | $989348.94    | 0.63%             | 2050-12-31      | Variable      | 5.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage Association   | Government Natoinal Mortgage Series 23-H20 Class FL, 5.44%, due 5/20/73                   | CUSIP: 38383KDY5<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | DBT              | CORP              | US        |    974189 | PA      | $980546.23    | 0.63%             | 2050-12-31      | Variable      | 5.44%                 | No            |                  2 | On Loan: No      |
| Hyundai Capital America                    | Hyundai Capital America, 5.275%, due 6/24/27                                              | CUSIP: 44891ADB0<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $1108641.05   | 0.71%             | 2027-06-24      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| British Airways                            | British Airways 19-1 A PTT Series 144A, 3.35%, due 6/15/29                                | CUSIP: 11043XAB9<br>LEI: N/A                  | Long             | DBT              | CORP              | GB        |   1712925 | PA      | $1640132.63   | 1.05%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.123377 (Daily SOFR USD + 0.80%), due 1/24/29                      | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498499.43   | 0.96%             | 2029-01-24      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.037530% (Daily SOFR USD + 0.76161%), due 2/1/27                   | CUSIP: 161480AB4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98051.78     | 0.06%             | 2027-02-01      | Variable      | 5.04%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.09% (Daily SOFR USD + 0.81161%), due 2/1/27                       | CUSIP: 31945HAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    145000 | PA      | $142078.87    | 0.09%             | 2027-02-01      | Variable      | 5.09%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.245155% (Daily SOFR USD + 0.92%), due 4/22/28                     | CUSIP: 46647PEF9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1250758.66   | 0.80%             | 2028-04-22      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 4.915%, due 1/24/29                                                 | CUSIP: 46647PEU6<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506644.18    | 0.32%             | 2029-01-24      | Fixed         | 4.92%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.04%, due 1/23/28                                                  | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1009516.40   | 0.65%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Janus Detroit Street Trust                 | Janus Henderson AAA CLO ETF                                                               | CUSIP: 47103U845<br>LEI: 549300N7UZ9PO4OVKA94 | Long             | EC               | RF                | US        |     40000 | NS      | $2021600.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group, Inc.            | Jefferies Financial Group, Inc., 5.0%, due 2/10/26                                        | CUSIP: 47233WHZ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1001359.08   | 0.64%             | 2026-02-10      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 5.14%, due 1/24/31                                                  | CUSIP: 46647PEV4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019614.33   | 0.65%             | 2031-01-24      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                       | JPMorgan Chase & Co., 8.75%, due 9/1/30                                                   | CUSIP: 06423AAJ2<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1382000 | PA      | $1625000.22   | 1.04%             | 2030-09-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Chicago Mercantile Exchange                | CBT US 2Y Note June 25 Future                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -105 | NS      | $-69960.95    | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                | CBT US 5Y Note June 25 Future                                                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      -380 | NS      | $-509181.36   | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Korea National Oil Corp.                   | Korea National Oil Corp., 5.113924 (Daily SOFR USD + 0.77%), due 3/31/28                  | CUSIP: 50065LAP5<br>LEI: 988400ZTQ08W926ONT36 | Long             | DBT              | CORP              | KR        |   2000000 | PA      | $1991749.38   | 1.27%             | 2028-03-31      | Variable      | 5.11%                 | No            |                  2 | On Loan: No      |
| LG Energy Solution Ltd                     | LG Energy Solution Ltd, 6.043258% (Daily SOFR USD + 1.70%), due 4/2/30                    | CUSIP: 50205MAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | KR        |   2500000 | PA      | $2469890.00   | 1.58%             | 2030-04-02      | Variable      | 6.04%                 | No            |                  2 | On Loan: No      |
| LG Energy Solution Ltd                     | LG Energy Solution Ltd, 5.25%, due 4/2/28                                                 | CUSIP: 50205MAF6<br>LEI: N/A                  | Long             | DBT              | CORP              | KR        |   1500000 | PA      | $1505795.21   | 0.96%             | 2028-04-02      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| LG Energy Solution Ltd                     | LG Energy Solution Ltd, 5.375%, due 4/2/30                                                | CUSIP: 50205MAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | KR        |    500000 | PA      | $496844.00    | 0.32%             | 2030-04-02      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| L3 Technologies, Inc.                      | L3 Technologies, Inc., 4.4%, due 6/15/28                                                  | CUSIP: 502413BG1<br>LEI: 1Z5XNJ6GMBVHFWE2W878 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1995521.20   | 1.28%             | 2028-06-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Mizuho Markets Cayman LP                   | Mizuho Markets Cayman LP, 4.834899% (Daily SOFR USD + 0.50%), due 5/1/26                  | CUSIP: 60700JDE2<br>LEI: N/A                  | Long             | DBT              | CORP              | KY        |   2500000 | PA      | $2500728.75   | 1.60%             | 2026-05-01      | Variable      | 4.83%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                             | Morgan Stanley, 5.228691% (Daily SOFR USD + 0.90%), due 1/12/29                           | CUSIP: 61690DK64<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493400.00   | 0.96%             | 2029-01-12      | Variable      | 5.23%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                             | Morgan Stanley, 5.016%, due 1/12/29                                                       | CUSIP: 61690DK72<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2028843.28   | 1.30%             | 2029-01-12      | Fixed         | 5.02%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley                             | Morgan Stanley, 4.994%, due 4/12/29                                                       | CUSIP: 61747YFY6<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    500000 | PA      | $506423.57    | 0.32%             | 2029-04-12      | Fixed         | 4.99%                 | No            |                  2 | On Loan: No      |
| Natwest Markets plc                        | Natwest Markets plc, 5.292376% (Daily SOFR USD + 0.95%), due 3/21/28                      | CUSIP: 63906YAN8<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1500000 | PA      | $1496679.75   | 0.96%             | 2028-03-21      | Variable      | 5.29%                 | No            |                  2 | On Loan: No      |
| NexPoint Real Estate Finance, Inc.         | NexPoint Real Estate Finance, Inc., 5.75%, due 5/1/26                                     | CUSIP: 65342VAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $971424.67    | 0.62%             | 2026-05-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Natwest Markets plc                        | Natwest Markets plc, 4.789%, due 3/21/28                                                  | CUSIP: 63906YAM0<br>LEI: RR3QWICWWIPCS8A4S074 | Long             | DBT              | CORP              | GB        |   1000000 | PA      | $1005866.75   | 0.64%             | 2028-03-21      | Fixed         | 4.79%                 | No            |                  2 | On Loan: No      |
| Natwest Markets plc                        | Natwest Markets plc, 5.076%, due 1/27/30                                                  | CUSIP: 78009PEH0<br>LEI: 549300WHU4EIHRP28H10 | Long             | DBT              | CORP              | GB        |   2000000 | PA      | $2013201.80   | 1.29%             | 2030-01-27      | Fixed         | 5.08%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.               | Blue Owl Credit Income Corp., 7.75%, due 1/15/29                                          | CUSIP: 69120VAW1<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |    750000 | PA      | $787231.20    | 0.50%             | 2029-01-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Credit Income Corp.               | Blue Owl Credit Income Corp., 7.75%, due 9/16/27                                          | CUSIP: 69120VAP6<br>LEI: 5493003I42XBWPE05N35 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1037027.35   | 0.66%             | 2027-09-16      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Blue Owl Technology Finance Corp.          | Blue Owl Technology Finance Corp., 4.75%, due 12/15/25                                    | CUSIP: 691205AC2<br>LEI: 254900G5EZJSOD3UKL16 | Long             | DBT              | CORP              | US        |    500000 | PA      | $497226.40    | 0.32%             | 2025-12-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Palomino Funding Trust I                   | Palomino Funding Trust I, 7.233%, due 5/17/28                                             | CUSIP: 69754AAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2275000 | PA      | $2394726.15   | 1.53%             | 2028-05-17      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| PennantPark Investment Corp.               | PennantPark Investment Corp., 4.00%, due 11/1/26                                          | CUSIP: 708062AD6<br>LEI: 529900OK432R4C6NQQ73 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958525.59    | 0.61%             | 2026-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Philip Morris International, Inc.          | Philip Morris International, Inc., 4.125%, due 4/28/28                                    | CUSIP: 718172DR7<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1996074.16   | 1.28%             | 2028-04-28      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| Portman Ridge Finance Corp.                | Portman Ridge Finance Corp., 4.875%, due 4/30/26                                          | CUSIP: 73688FAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $974318.38    | 0.62%             | 2026-04-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Principal Financial Group, Inc.            | Principal Financial Group, Inc., 4.80%, due 1/9/28                                        | CUSIP: 74256LFC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $505567.89    | 0.32%             | 2028-01-09      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| PACCAR Financial Corp.                     | PACCAR Financial Corp. Series 2024-Home1 Class A1, 6.43%, due 5/25/59                     | CUSIP: 69391XAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1238792 | PA      | $1251686.07   | 0.80%             | 2050-12-31      | Fixed         | 6.43%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | Royal Bank of Canada, 5.349156% (Daily SOFR USD + 1.03%), due 2/4/31                      | CUSIP: 78017DAD0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2500000 | PA      | $2478900.00   | 1.59%             | 2031-02-04      | Variable      | 5.35%                 | No            |                  2 | On Loan: No      |
| Reinsurance Group of America, Inc.         | Reinsurance Group of America, Inc. Series 144A, 5.25%, due 1/9/30                         | CUSIP: 76209PAG8<br>LEI: 549300Y22K5FOEBMSK42 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2043004.92   | 1.31%             | 2030-01-09      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | Royal Bank of Canada Series GMTN, 4.965%, due 1/24/29                                     | CUSIP: 78017DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   2000000 | PA      | $2026844.12   | 1.30%             | 2029-01-24      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                       | Royal Bank of Canada, 4.969%, due 8/2/30                                                  | CUSIP: 78016HZZ6<br>LEI: ES7IP3U3RHIGC71XBU11 | Long             | DBT              | CORP              | CA        |   2582000 | PA      | $2611625.33   | 1.67%             | 2030-08-02      | Fixed         | 4.97%                 | No            |                  2 | On Loan: No      |
| Simplify Asset Management, Inc.            | Simplify Treasury Option Income ETF                                                       | CUSIP: 82889N640<br>LEI: 549300LQ7VHDVPTEGI80 | Long             | EC               | RF                | US        |    175000 | NS      | $4147500.00   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Sixth Street Lending Partners              | Sixth Street Lending Partners, 5.75%, due 1/15/30                                         | CUSIP: 829932AD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $987739.16    | 0.63%             | 2030-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Sixth Street Lending Partners              | Sixth Street Lending Partners, 6.125%, due 7/15/30                                        | CUSIP: 829932AE2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1503154.74   | 0.96%             | 2030-07-15      | Fixed         | 6.13%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage               | Starwood Commercial Mortgage Series 2022-4 Class A1, 5.19%, due 5/25/67                   | CUSIP: 85571YAL9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1166702 | PA      | $1169170.54   | 0.75%             | 2050-12-31      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage               | Starwood Commercial Mortgage Series 21-FL2 Class C, 6.53%, due 4/18/38                    | CUSIP: 78486BAG9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2000000.00   | 1.28%             | 2038-04-18      | Variable      | 6.53%                 | No            |                  2 | On Loan: No      |
| Mitsui Sumitomo Insurance Co., Ltd.        | Sumitomo Mitsui Financial Group, Inc., 0.00% (Daily SOFR USD + 1.05%), due 4/15/30        | CUSIP: 86562MDR8<br>LEI: 5493006KRZ0SJO41LZ83 | Long             | DBT              | CORP              | JP        |   1000000 | PA      | $999588.50    | 0.64%             | 2030-04-15      | Fixed         | 5.37%                 | No            |                  2 | On Loan: No      |
| Turkish Airlines Trust                     | Turkish Airlines Trust, 4.2%, due 3/15/27                                                 | CUSIP: 10010YAA0<br>LEI: 549300PE1HRXLP6MPQ94 | Long             | DBT              | CORP              | TR        |   1083143 | PA      | $1046887.11   | 0.67%             | 2027-03-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Talen Energy Supply, LLC                   | Talen Energy Supply, LLC, 8.625%, due 6/1/30                                              | CUSIP: 87422VAK4<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1601382.00   | 1.02%             | 2030-06-01      | Fixed         | 8.63%                 | No            |                  2 | On Loan: No      |
| The Toronto-Dominion Bank                  | Toronto Dominion Bank, 5.40%, due 1/31/30                                                 | CUSIP: 89114XGX5<br>LEI: PT3QB789TSUIDF371261 | Long             | DBT              | CORP              | CA        |   1000000 | PA      | $1013732.84   | 0.65%             | 2030-01-31      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Toyota Motor Corp.                         | Toyota Motor Corp. Series MTN, 5.25%, due 1/22/30                                         | CUSIP: 89236TNC5<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    500000 | PA      | $507209.04    | 0.32%             | 2030-01-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp                       | Targa Resources Corp, 5.5%, due 3/1/30                                                    | CUSIP: 87612BBQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998926.86    | 0.64%             | 2030-03-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| US Airways                                 | US Airways 2013-1A PTT, 3.95%, due 11/15/25                                               | CUSIP: 90346WAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    425130 | PA      | $423148.72    | 0.27%             | 2025-11-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings, Inc.             | United Airlines Holdings, Inc., 4.875%, due 1/15/26                                       | CUSIP: 90932VAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    444385 | PA      | $442727.50    | 0.28%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United Airlines Holdings, Inc.             | United Airlines Holdings, Inc. Series 144A, 6.50%, due 6/20/27                            | CUSIP: 599191AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1236150 | PA      | $1240029.04   | 0.79%             | 2027-06-20      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Velocity Comercial Capital Loan            | Velocity Comercial Capital Loan Series 2025-1 Class A, 6.03%, due 2/25/55                 | CUSIP: 922955AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    991890 | PA      | $998189.74    | 0.64%             | 2050-12-31      | Fixed         | 6.03%                 | No            |                  2 | On Loan: No      |
| Velocity Comercial Capital Loan            | Velocity Comercial Capital Loan Series 2025-2 Class A, 5.67%, due 4/25/55                 | CUSIP: 922969AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1499105 | PA      | $1500025.33   | 0.96%             | 2050-12-31      | Fixed         | 5.67%                 | No            |                  2 | On Loan: No      |
| Velocity Comercial Capital Loan            | Velocity Comercial Capital Loan Series 2025-2 Class M1, 6.47%, due 4/25/55                | CUSIP: 922969AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    999404 | PA      | $999262.23    | 0.64%             | 2050-12-31      | Fixed         | 6.47%                 | No            |                  2 | On Loan: No      |
| Vinebrook Homes Trust, Inc.                | Vinebrook Homes Trust, Inc. Series 2024-SFR1 Class A, 4.50%, due 3/17/41                  | CUSIP: 92737DAA6<br>LEI: N/A                  | Long             | DBT              | USGSE             | US        |    490194 | PA      | $479527.41    | 0.31%             | 2041-03-17      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Vistra Corp.                               | Vistra Corp., 7.75%, due 10/15/31                                                         | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1586100.00   | 1.01%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC.  | Volkswagen Group of America Finance, LLC., 5.25%, due 3/22/29                             | CUSIP: 928668CG5<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2005552.54   | 1.28%             | 2029-03-22      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC.  | Volkswagen Group of America Finance, LLC., 5.35%, due 3/27/30                             | CUSIP: 928668CQ3<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1495539.47   | 0.96%             | 2030-03-27      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Volkswagen Group of America Finance, LLC.  | Volkswagen Group of America Finance, LLC., 6.45%, due 11/16/30                            | CUSIP: 928668CC4<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |   1640000 | PA      | $1709483.13   | 1.09%             | 2030-11-16      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-04-30

**Name of Applicant:** Spend Life Wisely Funds Investment Trust

**Signature:** /s/ Kenneth Scott Canon

**Name of Signer:** Kenneth Scott Canon

**Title:** President (Principal Executive Officer)