# EDGAR Filing Document

**Accession Number:** 0001959372
**File Stem:** 0001145549-25-055648
**Filing Date:** 2025-8
**Character Count:** 69476
**Document Hash:** 62360dab2587969f576a25c3d76f6fd8
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-055648.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-055648

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 3

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20260331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aristotle Funds Series Trust
- **CENTRAL INDEX KEY:** 0001959372

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23850
- **FILM NUMBER:** 251270072

**BUSINESS ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025
- **BUSINESS PHONE:** (949) 219-3391

**MAIL ADDRESS:**
- **STREET 1:** 11100 SANTA MONICA BLVD.
- **STREET 2:** SUITE 1700
- **CITY:** LOS ANGELES
- **STATE:** CA
- **ZIP:** 90025

## Series and Classes Contracts Data

### Aristotle Ultra Short Income Fund (Series ID: S000080060)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000241684 | Class A      | PLUAX           |
| C000241685 | Class I-2    | PLUDX           |
| C000241686 | Class I      | PLUIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Aristotle Ultra Short Income Fund** | **Aristotle Ultra Short Income Fund** | **Aristotle Ultra Short Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 58.9%** | **Par** | **Value** |
| **Consumer Discretionary - 14.6%** | **Consumer Discretionary - 14.6%** | **Consumer Discretionary - 14.6%** |
| American Airlines Group, Inc. | American Airlines Group, Inc. | American Airlines Group, Inc. |
| &nbsp;&nbsp; 3.60%, 09/22/2027 | 717018 | $697919 |
| &nbsp;&nbsp; 3.20%, 06/15/2028 | 576650 | 553009 |
| &nbsp;&nbsp; Series 2016-3, 3.00%, 10/15/2028 | 239316 | 225006 |
| &nbsp;&nbsp; Series 2016-3, 3.25%, 10/15/2028 | 298946 | 279320 |
|  British Airways 2019-1 Class A Pass Through Trust, Series PTT, 3.35%, 06/15/2029 <sup>(a)</sup> | 257499 | 246521 |
|  Delta Air Lines, Inc., Series 2015-1, 3.63%, 07/30/2027 | 371928 | 364210 |
|  Delta Air Lines, Inc. / SkyMiles IP Ltd., 4.50%, 10/20/2025 <sup>(a)</sup> | 280250 | 279610 |
|  Las Vegas Sands Corp., 5.90%, 06/01/2027 | 150000 | 153327 |
|  United Airlines 2014-2 Class A Pass Through Trust, Series A, 3.75%, 09/03/2026 | 720038 | 708353 |
|  United Airlines, Inc., Series A, 4.00%, 04/11/2026 | 910606 | 902365 |
|  |  | 4409640 |
| **Consumer Staples - 2.3%** | **Consumer Staples - 2.3%** | **Consumer Staples - 2.3%** |
|  JBS USA Holding Lux Sarl/ JBS USA Food Co./ JBS Lux Co. Sarl, 2.50%, 01/15/2027 | 200000 | 194679 |
|  Philip Morris International, Inc., 5.20% (SOFR + 0.83%), 04/28/2028 | 500000 | 502362 |
|  |  | 697041 |
| **Financials - 28.3%<sup>(b)</sup>** | **Financials - 28.3%<sup>(b)</sup>** | **Financials - 28.3%<sup>(b)</sup>** |
|  AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 6.50%, 07/15/2025 | 300000 | 300194 |
|  Atlas Warehouse Lending Co. LP, 6.05%, 01/15/2028 <sup>(a)</sup> | 350000 | 354501 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.93% to 09/15/2026 then SOFR + 1.34%, 09/15/2027 | 200000 | 203538 |
| &nbsp;&nbsp; 5.20% (SOFR + 0.83%), 01/24/2029 | 500000 | 499566 |
| &nbsp;&nbsp; 5.50% (SOFR + 1.11%), 05/09/2029 | 500000 | 503457 |
|  BNP Paribas SA, 4.38%, 09/28/2025 <sup>(a)</sup> | 200000 | 199615 |
|  Brown & Brown, Inc., 4.60%, 12/23/2026 | 100000 | 100503 |
|  Citigroup, Inc., 5.30% (SOFR + 0.87%), 03/04/2029 | 250000 | 249711 |
|  Equinix, Inc., 1.25%, 07/15/2025 | 484000 | 483379 |
|  GLP Capital LP / GLP Financing II, Inc., 5.38%, 04/15/2026 | 500000 | 500422 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 5.80% to 08/10/2025 then SOFR + 1.08%, 08/10/2026 | 750000 | 751061 |
| &nbsp;&nbsp; 4.48% to 08/23/2027 then SOFR + 1.73%, 08/23/2028 | 300000 | 300455 |
| HSBC Holdings PLC | HSBC Holdings PLC | HSBC Holdings PLC |
| &nbsp;&nbsp; 5.89% to 08/14/2026 then SOFR + 1.57%, 08/14/2027 | 200000 | 202891 |
| &nbsp;&nbsp; 5.45% (SOFR + 1.03%), 03/03/2029 | 500000 | 499851 |
|  JPMorgan Chase & Co., 5.17% (SOFR + 0.80%), 01/24/2029 | 700000 | 700078 |
|  Lloyds Banking Group PLC, 4.72% to 08/11/2025 then 1 yr. CMT Rate + 1.75%, 08/11/2026 | 400000 | 399845 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 4.68% to 07/17/2025 then SOFR + 1.67%, 07/17/2026 | 200000 | 199971 |
| &nbsp;&nbsp; 1.51% to 07/20/2026 then SOFR + 0.86%, 07/20/2027 | 1000000 | 970271 |
|  Penske Truck Leasing Co. Lp / PTL Finance Corp., 1.70%, 06/15/2026 <sup>(a)</sup> | 300000 | 291884 |
|  Sumitomo Mitsui Trust Bank Ltd., 5.43% (SOFR + 0.99%), 03/13/2030 <sup>(a)</sup> | 200000 | 201785 |
|  UBS AG/Stamford CT, 4.86% to 01/10/2027 then SOFR + 0.72%, 01/10/2028 | 350000 | 352965 |
|  UBS Group AG, 6.37% to 07/15/2025 then SOFR + 3.34%, 07/15/2026 <sup>(a)</sup> | 250000 | 250235 |
|  |  | 8516178 |
| **Industrials - 4.8%** | **Industrials - 4.8%** | **Industrials - 4.8%** |
|  BAE Systems Holdings, Inc., 3.85%, 12/15/2025 <sup>(a)</sup> | 300000 | 299043 |
|  Boeing Co., 6.26%, 05/01/2027 | 50000 | 51461 |
|  Lennox International, Inc., 1.35%, 08/01/2025 | 500000 | 498350 |
|  Regal Rexnord Corp., 6.05%, 02/15/2026 | 300000 | 301778 |
|  Weir Group PLC, 2.20%, 05/13/2026 <sup>(a)</sup> | 300000 | 292631 |
|  |  | 1443263 |
| **Technology - 4.8%** | **Technology - 4.8%** | **Technology - 4.8%** |
|  Booz Allen Hamilton, Inc., 3.88%, 09/01/2028 <sup>(a)</sup> | 300000 | 291102 |
|  Concentrix Corp., 6.65%, 08/02/2026 | 150000 | 152772 |
|  Infor LLC, 1.75%, 07/15/2025 <sup>(a)</sup> | 700000 | 699040 |
|  Jabil, Inc., 1.70%, 04/15/2026 | 200000 | 195367 |
|  Kyndryl Holdings, Inc., 2.05%, 10/15/2026 | 100000 | 96939 |
|  |  | 1435220 |
| **Utilities - 4.1%** | **Utilities - 4.1%** | **Utilities - 4.1%** |
|  American Electric Power Co., Inc., 1.00%, 11/01/2025 | 300000 | 296328 |
|  Consolidated Edison Co. of New York, Inc., 4.92% (SOFR + 0.52%), 11/18/2027 | 200000 | 200102 |
|  DTE Energy Co., 2.85%, 10/01/2026 | 300000 | 294834 |
|  Southern California Edison Co., 5.35%, 03/01/2026 | 300000 | 301547 |
|  Vistra Operations Co. LLC, 5.05%, 12/30/2026 <sup>(a)</sup> | 150000 | 150827 |
|  |  | 1243638 |
| **TOTAL CORPORATE BONDS** (Cost $17,660,131) | **TOTAL CORPORATE BONDS** (Cost $17,660,131) | 17744980 |
| **COLLATERALIZED LOAN OBLIGATIONS - 14.9%** | **Par** | **Value** |
| Blackstone, Inc. | Blackstone, Inc. | Blackstone, Inc. |
| &nbsp;&nbsp; Series 2018-1A, Class A1, 5.55% (3 mo. Term SOFR + 1.29%), 04/15/2031 <sup>(a)</sup> | 53334 | 53441 |
| &nbsp;&nbsp; Series 2018-1A, Class A2, 5.53% (3 mo. Term SOFR + 1.27%), 04/15/2031 <sup>(a)</sup> | 53334 | 53366 |
|  Buttermilk Park CLO, Series 2018-1A, Class A1R, 5.34% (3 mo. Term SOFR + 1.08%), 10/15/2031 <sup>(a)</sup> | 269688 | 270010 |
|  CIFC Funding Ltd., Series 2018-3A, Class A, 5.63% (3 mo. Term SOFR + 1.36%), 07/18/2031 <sup>(a)</sup> | 155877 | 156167 |
| Magnetite CLO Ltd. | Magnetite CLO Ltd. | Magnetite CLO Ltd. |
| &nbsp;&nbsp; Series 2015-12A, Class AR4, 5.41% (3 mo. Term SOFR + 1.15%), 10/15/2031 <sup>(a)</sup> | 702904 | 703702 |
| &nbsp;&nbsp; Series 2015-12A, Class BRRA, 6.12% (3 mo. Term SOFR + 1.86%), 10/15/2031 <sup>(a)</sup> | 400000 | 401378 |
| &nbsp;&nbsp; Series 2020-25A, Class A, 5.74% (3 mo. Term SOFR + 1.46%), 01/25/2032 <sup>(a)</sup> | 574811 | 575819 |
| &nbsp;&nbsp; Series 2020-27A, Class BR, 6.08% (3 mo. Term SOFR + 1.81%), 10/20/2034 <sup>(a)</sup> | 250000 | 250623 |
| Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. | Neuberger Berman CLO Ltd. |
| &nbsp;&nbsp; Series 2021-42A, Class AR, 5.21% (3 mo. Term SOFR + 0.95%), 07/16/2035 <sup>(a)</sup> | 250000 | 249438 |
| &nbsp;&nbsp; Series 2021-43A, Class AR, 5.33% (3 mo. Term SOFR + 1.05%), 07/17/2036 <sup>(a)</sup> | 1000000 | 998500 |
| Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. | Palmer Square Loan Funding Ltd. |
| &nbsp;&nbsp; Series 2021-4A, Class A1, 5.32% (3 mo. Term SOFR + 1.06%), 10/15/2029 <sup>(a)</sup> | 15664 | 15671 |
| &nbsp;&nbsp; Series 2021-4A, Class A2, 5.92% (3 mo. Term SOFR + 1.66%), 10/15/2029 <sup>(a)</sup> | 250000 | 250910 |
| &nbsp;&nbsp; Series 2022-1A, Class A1, 5.31% (3 mo. Term SOFR + 1.05%), 04/15/2030 <sup>(a)</sup> | 82273 | 82312 |
| &nbsp;&nbsp; Series 2024-2A, Class A1N, 5.26% (3 mo. Term SOFR + 1.00%), 01/15/2033 <sup>(a)</sup> | 363566 | 363600 |
|  TCI-Flatiron CLO Ltd., Series 2018-1A, Class ANR, 5.60% (3 mo. Term SOFR + 1.32%), 01/29/2032 <sup>(a)</sup> | 74962 | 75052 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $4,491,183) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $4,491,183) | 4499989 |
| **ASSET-BACKED SECURITIES - 14.1%** | **Par** | **Value** |
|  Ally Auto Receivables Trust, Series 2022-2, Class A3, 4.76%, 05/17/2027 | 46778 | 46797 |
|  AmeriCredit Automobile Receivables Trust, Series 2024-1, Class A2A, 5.75%, 02/18/2028 | 89782 | 89938 |
|  Carvana Auto Receivables Trust, Series 2021-N4, Class C, 1.72%, 09/11/2028 | 105519 | 101683 |
|  Ford Credit Auto Owner Trust, Series 2023-C, Class A2A, 5.68%, 09/15/2026 | 21959 | 21966 |
|  Hilton Grand Vacations, Inc., Series 2020-AA, Class A, 2.74%, 02/25/2039 <sup>(a)</sup> | 18894 | 18401 |
| Navient Student Loan Trust | Navient Student Loan Trust | Navient Student Loan Trust |
| &nbsp;&nbsp; Series 2019-FA, Class A2, 2.60%, 08/15/2068 <sup>(a)</sup> | 450735 | 432598 |
| &nbsp;&nbsp; Series 2020-2A, Class A1A, 1.32%, 08/26/2069 <sup>(a)</sup> | 64113 | 56252 |
| &nbsp;&nbsp; Series 2020-BA, Class A2, 2.12%, 01/15/2069 <sup>(a)</sup> | 286193 | 271993 |
| &nbsp;&nbsp; Series 2020-EA, Class A, 1.69%, 05/15/2069 <sup>(a)</sup> | 215391 | 201115 |
| &nbsp;&nbsp; Series 2020-FA, Class A, 1.22%, 07/15/2069 <sup>(a)</sup> | 77407 | 72070 |
| &nbsp;&nbsp; Series 2020-GA, Class A, 1.17%, 09/16/2069 <sup>(a)</sup> | 380661 | 354425 |
| &nbsp;&nbsp; Series 2020-HA, Class A, 1.31%, 01/15/2069 <sup>(a)</sup> | 42123 | 39440 |
| &nbsp;&nbsp; Series 2021-1A, Class A1B, 5.02% (30 day avg SOFR US + 0.71%), 12/26/2069 <sup>(a)</sup> | 71391 | 70052 |
| &nbsp;&nbsp; Series 2021-A, Class A, 0.84%, 05/15/2069 <sup>(a)</sup> | 52393 | 47736 |
| &nbsp;&nbsp; Series 2021-CA, Class A, 1.06%, 10/15/2069 <sup>(a)</sup> | 494923 | 443705 |
|  Reach Financial LLC, Series 2025-1A, Class A, 4.96%, 08/16/2032 <sup>(a)</sup> | 71727 | 71775 |
| Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. | Santander Consumer USA Holdings, Inc. |
| &nbsp;&nbsp; Series 2024-2, Class A2, 5.80%, 09/15/2027 | 35535 | 35559 |
| &nbsp;&nbsp; Series 2024-3, Class A2, 5.91%, 06/15/2027 | 44055 | 44077 |
| &nbsp;&nbsp; Series 2024-4, Class A2, 5.41%, 07/15/2027 | 42589 | 42627 |
| &nbsp;&nbsp; Series 2025-1, Class A2, 4.76%, 08/16/2027 | 442423 | 442571 |
| &nbsp;&nbsp; Series 2025-2, Class A2, 4.71%, 06/15/2028 | 420000 | 419437 |
| SMB Private Education Loan Trust | SMB Private Education Loan Trust | SMB Private Education Loan Trust |
| &nbsp;&nbsp; Series 2019-A, Class A2A, 3.44%, 07/15/2036 <sup>(a)</sup> | 300625 | 295928 |
| &nbsp;&nbsp; Series 2020-A, Class A2B, 5.26% (1 mo. Term SOFR + 0.94%), 09/15/2037 <sup>(a)</sup> | 335178 | 334232 |
|  SoFi Consumer Loan Program Trust, Series 2025-1, Class A, 4.80%, 02/27/2034 <sup>(a)</sup> | 274305 | 274569 |
|  SoFi Professional Loan Program LLC, Series 2018-B, Class A2FX, 3.34%, 08/25/2047 <sup>(a)</sup> | 29638 | 29464 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $4,275,436) | **TOTAL ASSET-BACKED SECURITIES** (Cost $4,275,436) | 4258410 |
| **BANK LOANS - 2.5%** | **Par** | **Value** |
| **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** |
|  Hilton Grand Vacations Borrower LLC, Senior Secured First Lien, 6.33% (1 mo. SOFR US + 2.00%), 08/02/2028 | 84508 | 84580 |
| **Health Care - 0.6%** | **Health Care - 0.6%** | **Health Care - 0.6%** |
|  Elanco Animal Health, Inc., Senior Secured First Lien, 6.27% (1 mo. SOFR US + 1.75%), 08/02/2027 | 192420 | 192469 |
| **Materials - 1.6%** | **Materials - 1.6%** | **Materials - 1.6%** |
|  Asplundh Tree Expert LLC, Senior Secured First Lien, 6.28% (1 mo. SOFR US + 1.75%), 09/07/2027 | 230625 | 231418 |
|  Quikrete Holdings, Inc., Senior Secured First Lien, 6.58% (1 mo. SOFR US + 2.25%), 04/14/2031 | 248748 | 248593 |
|  |  | 480011 |
| **TOTAL BANK LOANS** (Cost $754,849) | **TOTAL BANK LOANS** (Cost $754,849) | 757060 |
| **SHORT-TERM INVESTMENTS - 5.0%** | **Par** | **Value**  |
| **U.S. Treasury Bills - 5.0%** |  |  |
| 4.16%, 07/03/2025 <sup>(c)</sup> | 1500000 | 1499651 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,499,654) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,499,654) | 1499651 |
| **TOTAL INVESTMENTS - 95.4% (**Cost $28,681,253**)** | **TOTAL INVESTMENTS - 95.4% (**Cost $28,681,253**)** | 28760090 |
| Money Market Deposit Account - 3.8% <sup>(d)</sup> | Money Market Deposit Account - 3.8% <sup>(d)</sup> | 1147615 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 239490 |
| **TOTAL NET ASSETS - 100.0%** |  | $30147195 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $11,070,538 or 36.7% of the Fund's net assets.

(b) To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those
 industries or sectors.

(c) The rate shown is the annualized effective yield as of June 30, 2025.

(d) The U.S. Bank Money Market Deposit Account (the "MMDA") is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on
 market conditions and is subject to change daily. The rate as of June 30, 2025 was 4.20%.

## Nport-Ex

#### Aristotle Funds Series Trust

#### NOTES TO SCHEDULE OF INVESTMENTS

#### As of June 30, 2025 (Unaudited)

Fair Value Measurements and Disclosure

The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust's Adviser, and the Trust's Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a Fund has the ability to access.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing a Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund's investments. The VOC also periodically evaluates how the Trust's investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund's investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2025, in valuing the Funds' assets carried at fair value:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $53714102 | $– | $53714102 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 39935202 | – | 39935202 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 20917999 | – | 20917999 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 13998490 | – | 13998490 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 8342024 | – | 8342024 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 2633794 | – | 2633794 |
| Total Investments | $– | $139541611 | $– | $139541611 |
| **Aristotle Core Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 544829714 | $– | $– | $544829714 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 5551737 | – | – | 5551737 |
| Total Investments | 550381451 | $– | $– | $550381451 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Aristotle Core Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $1269211685 | $– | $1269211685 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 726043596 | – | 726043596 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 299188414 | – | 299188414 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 271484530 | – | 271484530 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 193913209 | – | 193913209 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 156688273 | – | 156688273 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 84507225 | – | 84507225 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Government Agency Issues | – | 9313996 | – | 9313996 |
| Total Investments | $– | $3010350928 | $– | $3010350928 |
| **Aristotle Floating Rate Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $3497852471 | $– | $3497852471 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 167425415 | – | – | 167425415 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 165384876 | – | 165384876 |
| Total Investments | $167425415 | $3663237347 | $– | $3830662762 |
| **Aristotle Growth Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $212142753 | – | – | $212142753 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1265276 | – | – | 1265276 |
| Total Investments | $213408029 | – | – | $213408029 |
| **Aristotle High Yield Bond Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $80394839 | $– | $80394839 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 7045686 | – | 7045686 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4040159 | – | 4040159 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 178316 | – | – | 178316 |
| Total Investments | $178316 | $91480684 | $– | $91659000 |
| **Aristotle International Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $561708646 | $– | $– | $561708646 |
| Total Investments | $561708646 | $– | $– | $561708646 |
| **Aristotle Pacific EXclusive Fund Series H** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | $– | $2774216 | $– | $2774216 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 457854 | – | 457854 |
| Total Investments | $– | $3232070 | $– | $3232070 |
| **Aristotle Pacific EXclusive Fund Series I** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | $– | $824373 | $– | $824373 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 737766 | – | 737766 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 500375 | – | 500375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 414611 | – | 414611 |
| Total Investments | $– | $2477125 | $– | $2477125 |
| **Aristotle Portfolio Optimization Aggressive Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $145615629 | $– | $– | 145615629 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 127904625 | – | – | 127904625 |
| Total Investments | $273520254 | $– | $– | 273520254 |
| **Aristotle Portfolio Optimization Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $99178843 | $– | $– | $99178843 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 25818383 | – | – | 25818383 |
| Total Investments | $124997226 | $– | $– | $124997226 |
| **Aristotle Portfolio Optimization Growth Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $364060973 | $– | $– | $364060973 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 271237893 | – | – | 271237893 |
| Total Investments | $635298866 | $– | $– | $635298866 |
| **Aristotle Portfolio Optimization Moderate Conservative Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $147202226 | $– | $– | $147202226 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 43898018 | – | – | 43898018 |
| Total Investments | $191100244 | $– | $– | $191100244 |
| **Aristotle Portfolio Optimization Moderate Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Affiliated Open-End Funds | $480698395 | $– | $– | $480698395 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 198224935 | – | – | 198224935 |
| Total Investments | $678923330 | $– | $– | $678923330 |
| **Aristotle Short Duration Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $529441375 | $– | $529441375 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 143994219 | – | 143994219 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 125347165 | – | 125347165 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 94915269 | – | 94915269 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 69184419 | – | 69184419 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 18507992 | – | 18507992 |
| Total Investments | $– | $981390439 | $– | $981390439 |
| **Aristotle Small Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $129382988 | $– | $– | $129382988 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 8259445 | – | – | 8259445 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 1423768 | – | – | 1423768 |
| Total Investments | $139066201 | $– | $– | $139066201 |
| **Aristotle Small/Mid Cap Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $27574369 | $– | $– | $27574369 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 1497941 | – | – | 1497941 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Closed-End Funds | 261500 | – | – | 261500 |
| Total Investments | $29333810 | $– | $– | $29333810 |
| **Aristotle Strategic Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $2760621789 | $– | $2760621789 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 632347698 | – | 632347698 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 170596162 | – | 170596162 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 151360994 | – | 151360994 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Mortgage Obligations | – | 61980236 | – | 61980236 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 19625241 | – | 19625241 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1352386 | – | 1352386 |
| Total Investments | $– | $3797884506 | $– | $3797884506 |
| **Aristotle Ultra Short Income Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $17744980 | $– | $17744980 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 4499989 | – | 4499989 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 4258410 | – | 4258410 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 757060 | – | 757060 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 1499651 | – | 1499651 |
| Total Investments | $– | $28760090 | $– | $28760090 |
| **Aristotle Value Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $539792391 | – | – | $539792391 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 7751919 | – | – | 7751919 |
| Total Investments | $547544310 | – | – | $547544310 |
| **Aristotle/Saul Global Equity Fund** | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $29720192 | $– | $– | $29720192 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 572169 | – | – | 572169 |
| Total Investments | $30292361 | $– | $– | $30292361 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Aristotle Fund Series Trust

- **b. Investment Company Act file number:** 811-23850

- **c. CIK number of Registrant:** 0001959372

- **d. LEI of Registrant:** 549300FDPZVU0VTJQB52

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

  - **Street Address 1:** 11000 Santa Monica Blvd

  - **City:** Los Angeles

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 90025

  - **Telephone number:** 3104784005

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

- **a. Name of Series:** Aristotle Ultra Short Income Fund

- **b. EDGAR series identifier (if any):** S000080060

- **c. LEI of Series:** 549300OW7SFQLF8HJ598

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

- **a. Date of fiscal year-end:** 2026-03-31

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $30187235.79

**Total Liabilities:** $141415.30

**Net Assets:** $30045820.49

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 695.007499000000 | **1-Year:** 1872.395925000000 | **5-Year:** 1000.647986000000 | **10-Year:** 27.237716000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 229.512843000000 | **1-Year:** 4.837532000000 | **5-Year:** 1.191536000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241684 | 0.25%                | 0.46%                | 0.55%                |
| Class ID C000241685 | 0.27%                | 0.48%                | 0.57%                |
| Class ID C000241686 | 0.27%                | 0.48%                | 0.57%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $21762.08                | $-64293.99                                 |
| Month 2  | $7077.65                 | $7420.39                                   |
| Month 3  | $26860.40                | $36025.13                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AERCAP IRELAND CAP/GLOBA       | AerCap Ireland Capital DAC / AerCap Global Aviation Trust  | CUSIP: 00774MAN5<br>LEI: N/A                  | Long             | DBT              | CORP              | IE        |    300000 | PA      | $300194.46    | 1.00%             | 2025-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2022-2                         | CUSIP: 02008MAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     46778 | PA      | $46797.23     | 0.16%             | 2027-05-17      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 AA PTT       | American Airlines 2016-3 Class AA Pass Through Trust       | CUSIP: 023771R91<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    239316 | PA      | $225006.43    | 0.75%             | 2028-10-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2024-1            | CUSIP: 023947AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     89782 | PA      | $89937.69     | 0.30%             | 2028-02-18      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER        | American Electric Power Co Inc                             | CUSIP: 025537AR2<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    300000 | PA      | $296327.96    | 0.99%             | 2025-11-01      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 19-1 A PTT         | British Airways 2019-1 Class A Pass Through Trust          | CUSIP: 11043XAB9<br>LEI: 635400GSHSFIWYIDXC76 | Long             | DBT              | CORP              | US        |    257499 | PA      | $246521.35    | 0.82%             | 2029-06-15      | Fixed         | 3.35%                 | No            |                  2 | On Loan: No      |
| CON EDISON CO OF NY INC        | Consolidated Edison Co of New York Inc                     | CUSIP: 209111GL1<br>LEI: VZFZPMWDHTQCFKYOBP05 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200101.67    | 0.67%             | 2027-11-18      | Floating      | 4.98%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                          | CUSIP: 404280DZ9<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    200000 | PA      | $202890.75    | 0.68%             | 2027-08-14      | Variable      | 5.89%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XII Ltd                                          | CUSIP: 55953HBD4<br>LEI: 549300Z6VW568TT64K70 | Long             | ABS-CBDO         | CORP              | KY        |    702904 | PA      | $703701.57    | 2.34%             | 2031-10-15      | Floating      | 5.41%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXVII Ltd                                        | CUSIP: 55955EAN8<br>LEI: 5493003N6WY184N72D84 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250622.83    | 0.83%             | 2034-10-20      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                   | CUSIP: 92840VAT9<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150827.10    | 0.50%             | 2026-12-30      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-G           | CUSIP: 63941UAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    380661 | PA      | $354424.77    | 1.18%             | 2069-09-16      | Fixed         | 1.17%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-F           | CUSIP: 63941XAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     77407 | PA      | $72069.86     | 0.24%             | 2069-07-15      | Fixed         | 1.22%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-C           | CUSIP: 63942JAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    494923 | PA      | $443704.87    | 1.48%             | 2069-10-15      | Fixed         | 1.06%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 42 Ltd                  | CUSIP: 64133WAL9<br>LEI: 549300LGCRX4YI1JNS93 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249437.50    | 0.83%             | 2035-07-16      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| PHILIP MORRIS INTL INC         | Philip Morris International Inc                            | CUSIP: 718172DS5<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | DBT              | CORP              | US        |    500000 | PA      | $502361.78    | 1.67%             | 2028-04-28      | Floating      | 5.21%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-B           | CUSIP: 63941GAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286193 | PA      | $271993.09    | 0.91%             | 2069-01-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-E           | CUSIP: 63941TAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215391 | PA      | $201115.38    | 0.67%             | 2069-05-15      | Fixed         | 1.69%                 | No            |                  2 | On Loan: No      |
| Reach Financial LLC            | Reach ABS Trust 2025-1                                     | CUSIP: 75525PAA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     71727 | PA      | $71775.35     | 0.24%             | 2032-08-16      | Fixed         | 4.96%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                              | CUSIP: 17327CAX1<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249710.96    | 0.83%             | 2029-03-04      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                               | CUSIP: 225401AY4<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |    250000 | PA      | $250235.47    | 0.83%             | 2026-07-15      | Variable      | 6.37%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XII Ltd                                          | CUSIP: 55953HAU7<br>LEI: 549300Z6VW568TT64K70 | Long             | ABS-CBDO         | CORP              | KY        |    400000 | PA      | $401377.56    | 1.34%             | 2031-10-15      | Floating      | 6.12%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2019-A                    | CUSIP: 78449TAB7<br>LEI: 549300WEYOS38NWU8D22 | Long             | ABS-O            | CORP              | US        |    300625 | PA      | $295928.21    | 0.98%             | 2036-07-15      | Fixed         | 3.44%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-3              | CUSIP: 80287LAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     44055 | PA      | $44077.28     | 0.15%             | 2027-06-15      | Fixed         | 5.91%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CAL EDISON            | Southern California Edison Co                              | CUSIP: 842400JB0<br>LEI: 9R1Z5I36FERIBVKW4P77 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301547.01    | 1.00%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| ATLAS WAREHOUSE LEND           | Atlas Warehouse Lending Co LP                              | CUSIP: 049463AD4<br>LEI: 25490068J12A1HV7YM70 | Long             | DBT              | CORP              | US        |    350000 | PA      | $354501.42    | 1.18%             | 2028-01-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co                                              | CUSIP: 233331AY3<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    300000 | PA      | $294834.05    | 0.98%             | 2026-10-01      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES 2015-1AA       | Delta Air Lines 2015-1 Class AA Pass Through Trust         | CUSIP: 24736XAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    371928 | PA      | $364210.41    | 1.21%             | 2027-07-30      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| INFOR INC                      | Infor LLC                                                  | CUSIP: 45674CAA1<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |    700000 | PA      | $699039.78    | 2.33%             | 2025-07-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XXV Ltd                                          | CUSIP: 55955GAA1<br>LEI: 549300WFCL37N4TDUR08 | Long             | ABS-CBDO         | CORP              | KY        |    574811 | PA      | $575819.31    | 1.92%             | 2032-01-25      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                             | CUSIP: 61747YEC5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $970270.87    | 3.23%             | 2027-07-20      | Variable      | 1.51%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2021-A           | CUSIP: 63942BAA2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     52393 | PA      | $47735.97     | 0.16%             | 2069-05-15      | Fixed         | 0.84%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                      | CUSIP: 69702HAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     15664 | PA      | $15671.25     | 0.05%             | 2029-10-15      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| ASPLUNDH TREE EXPERT LLC       | Asplundh Tree Expert LLC                                   | CUSIP: 04538FAD1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    230625 | PA      | $231418.35    | 0.77%             | 2027-09-07      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| REGAL REXNORD CORP             | Regal Rexnord Corp                                         | CUSIP: 758750AL7<br>LEI: QH78R09VCJGQKPBPYU33 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301778.34    | 1.00%             | 2026-02-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-2              | CUSIP: 80286YAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     35535 | PA      | $35559.02     | 0.12%             | 2027-09-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| SUMITOMO MITSUI TR BK LT       | Sumitomo Mitsui Trust Bank Ltd                             | CUSIP: 86563VCA5<br>LEI: 5493006GGLR4BTEL8O61 | Long             | DBT              | CORP              | JP        |    200000 | PA      | $201785.34    | 0.67%             | 2030-03-13      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| BOEING CO/THE                  | Boeing Co/The                                              | CUSIP: 097023DP7<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | DBT              | CORP              | US        |     50000 | PA      | $51461.35     | 0.17%             | 2027-05-01      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BROWN & BROWN INC              | Brown & Brown Inc                                          | CUSIP: 115236AH4<br>LEI: 549300PC8KTJ71XKFY89 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100503.12    | 0.33%             | 2026-12-23      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| ELANCO ANIMAL HEALTH INC       | Elanco Animal Health Inc                                   | CUSIP: 28414BAF3<br>LEI: 549300SHPNDCE059M934 | Long             | LON              | CORP              | US        |    192420 | PA      | $192468.75    | 0.64%             | 2027-08-02      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| CONCENTRIX CORP                | Concentrix Corp                                            | CUSIP: 20602DAA9<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152772.46    | 0.51%             | 2026-08-02      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| EQUINIX INC                    | Equinix Inc                                                | CUSIP: 29444UBF2<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | DBT              | CORP              | US        |    484000 | PA      | $483379.34    | 1.61%             | 2025-07-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GLP CAPITAL LP / FIN II        | GLP Capital LP / GLP Financing II Inc                      | CUSIP: 361841AH2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $500421.50    | 1.67%             | 2026-04-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| HSBC HOLDINGS PLC              | HSBC Holdings PLC                                          | CUSIP: 404280ET2<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $499850.83    | 1.66%             | 2029-03-03      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                        | CUSIP: 46647PET9<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    700000 | PA      | $700078.27    | 2.33%             | 2029-01-24      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| LLOYDS BANKING GROUP PLC       | Lloyds Banking Group PLC                                   | CUSIP: 53944YAT0<br>LEI: 549300PPXHEU2JF0AM85 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $399844.95    | 1.33%             | 2026-08-11      | Variable      | 4.72%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                             | CUSIP: 61747YET8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199970.86    | 0.67%             | 2026-07-17      | Variable      | 4.68%                 | No            |                  2 | On Loan: No      |
| LAS VEGAS SANDS CORP           | Las Vegas Sands Corp                                       | CUSIP: 517834AJ6<br>LEI: 549300DUOO1KXOHPM605 | Long             | DBT              | CORP              | US        |    150000 | PA      | $153326.77    | 0.51%             | 2027-06-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| LENNOX INTERNATIONAL INC       | Lennox International Inc                                   | CUSIP: 526107AE7<br>LEI: S7DWAC87RDMPBF77GJ92 | Long             | DBT              | CORP              | US        |    500000 | PA      | $498349.94    | 1.66%             | 2025-08-01      | Fixed         | 1.35%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                | CUSIP: 38141GZU1<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    300000 | PA      | $300455.42    | 1.00%             | 2028-08-23      | Variable      | 4.48%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2024-2 Ltd                      | CUSIP: 69703RAA3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    363566 | PA      | $363599.82    | 1.21%             | 2033-01-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp              | CUSIP: 709599BM5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    300000 | PA      | $291883.80    | 0.97%             | 2026-06-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| SMB Private Education Loan Tru | SMB Private Education Loan Trust 2020-A                    | CUSIP: 78449UAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    335178 | PA      | $334231.48    | 1.11%             | 2037-09-15      | Floating      | 5.26%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-2              | CUSIP: 80287NAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    420000 | PA      | $419437.24    | 1.40%             | 2028-06-15      | Fixed         | 4.71%                 | No            |                  2 | On Loan: No      |
| SOFI CONSUMER LOAN PROGRAM TRU | SoFi Consumer Loan Program 2025-1 Trust                    | CUSIP: 83406YAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274305 | PA      | $274569.45    | 0.91%             | 2034-02-27      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                | CUSIP: 912797NX1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1499651.16   | 4.99%             | 2025-07-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-2 AA PTT       | American Airlines 2016-2 Class AA Pass Through Trust       | CUSIP: 023765AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    576650 | PA      | $553009.08    | 1.84%             | 2028-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT         | American Airlines 2015-2 Class AA Pass Through Trust       | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    717018 | PA      | $697918.73    | 2.32%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                       | CUSIP: 06051GMU0<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $503456.60    | 1.68%             | 2029-05-09      | Floating      | 5.43%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2018-III Ltd                                  | CUSIP: 12551YAA1<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-CBDO         | CORP              | KY        |    155877 | PA      | $156166.50    | 0.52%             | 2031-07-18      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| Carvana Auto Receivables Trust | Carvana Auto Receivables Trust 2021-N4                     | CUSIP: 14687HAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105519 | PA      | $101682.63    | 0.34%             | 2028-09-11      | Fixed         | 1.72%                 | No            |                  2 | On Loan: No      |
| BNP PARIBAS                    | BNP Paribas SA                                             | CUSIP: 05581KAA9<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | DBT              | CORP              | FR        |    200000 | PA      | $199614.96    | 0.66%             | 2025-09-28      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Buttermilk Park CLO Ltd        | Buttermilk Park CLO Ltd                                    | CUSIP: 124166AQ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    269688 | PA      | $270010.38    | 0.90%             | 2031-10-15      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Greenwood Park CLO, Ltd        | Greenwood Park CLO Ltd                                     | CUSIP: 39729RAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     53334 | PA      | $53441.26     | 0.18%             | 2031-04-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Greenwood Park CLO, Ltd        | Greenwood Park CLO Ltd                                     | CUSIP: 39729RAB4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     53334 | PA      | $53366.08     | 0.18%             | 2031-04-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| Hilton Grand Vacations Trust   | Hilton Grand Vacations Trust 2020-A                        | CUSIP: 43285HAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     18894 | PA      | $18400.72     | 0.06%             | 2039-02-25      | Fixed         | 2.74%                 | No            |                  2 | On Loan: No      |
| KYNDRYL HOLDINGS INC           | Kyndryl Holdings Inc                                       | CUSIP: 50155QAJ9<br>LEI: 549300LQ4LWX2R8ZV130 | Long             | DBT              | CORP              | US        |    100000 | PA      | $96938.59     | 0.32%             | 2026-10-15      | Fixed         | 2.05%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2020-2                          | CUSIP: 63942HAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     64113 | PA      | $56251.98     | 0.19%             | 2069-08-26      | Fixed         | 1.32%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Student Loan Trust 2021-1                          | CUSIP: 63942NAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     71391 | PA      | $70051.66     | 0.23%             | 2069-12-26      | Floating      | 5.02%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers Clo 43 Ltd                  | CUSIP: 64134AAJ1<br>LEI: 549300N83MM16HCONB28 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $998500.00    | 3.32%             | 2036-07-17      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES/SKYMILES       | Delta Air Lines Inc / SkyMiles IP Ltd                      | CUSIP: 830867AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    280250 | PA      | $279609.79    | 0.93%             | 2025-10-20      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program 2018-B Trust                | CUSIP: 83404RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     29638 | PA      | $29463.95     | 0.10%             | 2047-08-25      | Fixed         | 3.34%                 | No            |                  2 | On Loan: No      |
| US BANK MMDA - USBGFS 9        | US BANK MMDA - USBGFS 9                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | RF                | US        |   1163607 | NS      | $1163606.86   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS AG STAMFORD CT             | UBS AG/Stamford CT                                         | CUSIP: 90261AAD4<br>LEI: 254900R882POXXVAK772 | Long             | DBT              | CORP              | CH        |    350000 | PA      | $352964.90    | 1.17%             | 2028-01-10      | Variable      | 4.86%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-1 A PTT        | United Airlines 2014-1 Class A Pass Through Trust          | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    910606 | PA      | $902365.29    | 3.00%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WEIR GROUP PLC (THE)           | Weir Group PLC/The                                         | CUSIP: 94876QAA4<br>LEI: 549300KDR56WHY9I3D10 | Long             | DBT              | CORP              | GB        |    300000 | PA      | $292630.38    | 0.97%             | 2026-05-13      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| HILTON GRAND VAC BORROWER      | Hilton Grand Vacations Borrower LLC                        | CUSIP: 43283LAH4<br>LEI: 254900HF0EZ734FDVY79 | Long             | LON              | CORP              | US        |     84508 | PA      | $84580.43     | 0.28%             | 2028-08-02      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                       | CUSIP: 06051GMN6<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    500000 | PA      | $499565.53    | 1.66%             | 2029-01-24      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2022-1 Ltd                      | CUSIP: 69701CAA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     82273 | PA      | $82312.22     | 0.27%             | 2030-04-15      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| AMER AIRLINE 16-3 A PTT        | American Airlines 2016-3 Class A Pass Through Trust        | CUSIP: 023771S25<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    298946 | PA      | $279319.45    | 0.93%             | 2028-10-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BAE SYSTEMS HOLDINGS INC       | BAE Systems Holdings Inc                                   | CUSIP: 05523UAP5<br>LEI: MF62XBVMNYTYMC18DL76 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299042.63    | 1.00%             | 2025-12-15      | Fixed         | 3.85%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                       | CUSIP: 06051GLV9<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203538.07    | 0.68%             | 2027-09-15      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| BOOZ ALLEN HAMILTON INC        | Booz Allen Hamilton Inc                                    | CUSIP: 09951LAA1<br>LEI: 549300D7XCH2480XU542 | Long             | DBT              | CORP              | US        |    300000 | PA      | $291102.21    | 0.97%             | 2028-09-01      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2023-C                        | CUSIP: 344940AB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     21959 | PA      | $21966.43     | 0.07%             | 2026-09-15      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                | CUSIP: 38145GAM2<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    750000 | PA      | $751060.62    | 2.50%             | 2026-08-10      | Variable      | 5.80%                 | No            |                  2 | On Loan: No      |
| JBS USA HOLD/FOOD/LUX CO       | JBS USA Holding Lux Sarl/ JBS USA Food Co/ JBS Lux Co Sarl | CUSIP: 46590XAS5<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |    200000 | PA      | $194679.60    | 0.65%             | 2027-01-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                  | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195366.75    | 0.65%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2020-H           | CUSIP: 63935BAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42123 | PA      | $39439.54     | 0.13%             | 2069-01-15      | Fixed         | 1.31%                 | No            |                  2 | On Loan: No      |
| Navient Student Loan Trust     | Navient Private Education Refi Loan Trust 2019-F           | CUSIP: 63935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450735 | PA      | $432598.32    | 1.44%             | 2068-08-15      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Palmer Square Loan Funding Ltd | Palmer Square Loan Funding 2021-4 Ltd                      | CUSIP: 69702HAC2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250910.25    | 0.84%             | 2029-10-15      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2025-1              | CUSIP: 80288DAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    442423 | PA      | $442570.97    | 1.47%             | 2027-08-16      | Fixed         | 4.76%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2024-4              | CUSIP: 802919AB6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     42589 | PA      | $42626.69     | 0.14%             | 2027-07-15      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| TCI-Flatiron CLO Ltd           | TCI-Flatiron Clo 2018-1 Ltd                                | CUSIP: 87232AAL8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |     74962 | PA      | $75051.98     | 0.25%             | 2032-01-29      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-2 A PTT        | United Airlines 2014-2 Class A Pass Through Trust          | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    720038 | PA      | $708353.00    | 2.36%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| QUIKRETE HOLDINGS INC          | Quikrete Holdings Inc                                      | CUSIP: 74839XAM1<br>LEI: 5493007KIN86DIZWZT22 | Long             | LON              | CORP              | US        |    248748 | PA      | $248592.96    | 0.83%             | 2031-04-14      | Floating      | 6.58%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-27

**Name of Applicant:** Aristotle Fund Series Trust

**Signature:** /s/ Josh Schwab

**Name of Signer:** Aristotle Fund Series Trust

**Title:** Treasurer