# EDGAR Filing Document

**Accession Number:** 0001660765
**File Stem:** 0001145549-25-057319
**Filing Date:** 2025-8
**Character Count:** 8202
**Document Hash:** b0e4f66559265cd37e788b3bdc18ae7d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057319.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057319

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clayton Street Trust
- **CENTRAL INDEX KEY:** 0001660765

**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:** 811-23121
- **FILM NUMBER:** 251279180

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

## Series and Classes Contracts Data

### Protective Life Dynamic Allocation Series - Conservative Portfolio (Series ID: S000052998)

| Class ID   | Class Name                                                         | Ticker Symbol   |
|:---|:---|:---|
| C000166588 | Protective Life Dynamic Allocation Series - Conservative Portfolio | n/a             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** CLAYTON STREET TRUST

- **b. Investment Company Act file number:** 811-23121

- **c. CIK number of Registrant:** 0001660765

- **d. LEI of Registrant:** 549300A5MQR2XX0LRL20

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

  - **Street Address 1:** 151 DETROIT STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Protective Life Dynamic Allocation Series - Conservative Portfolio

- **b. EDGAR series identifier (if any):** S000052998

- **c. LEI of Series:** 549300TBI7CU4EGONR15

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $40276892.10

**Total Liabilities:** $78467.22

**Net Assets:** $40198424.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166588 | 0.09%                | 1.38%                | 2.92%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-30815.00               | $-33039.00                                 |
| Month 2  | $2781.00                 | $471638.00                                 |
| Month 3  | $8462.00                 | $958719.00                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** INTRNL-1407098647

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Franklin Templeton ETF Trust              | Franklin Templeton ETF Trust FTSE UNITED KINGDOM ETF                                   | CUSIP: 35473P678<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     66746 | NS      | $2044429.98   | 5.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust              | Franklin Templeton ETF Trust FTSE JAPAN ETF                                            | CUSIP: 35473P744<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |     32389 | NS      | $1041306.35   | 2.59%             |  |  |  | No            |                  1 | On Loan: —       |
| Invesco Exchange Traded Fund Trust II     | Invesco Exchange Traded Fund Trust II NASDAQ 100 ETF                                   | CUSIP: 46138G649<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |     14119 | NS      | $3206424.90   | 7.98%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares Trust CORE US AGGREGATE BD ETF                                                 | CUSIP: 464287226<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    195860 | NS      | $19429312.00  | 48.33%            |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust     | J P Morgan Exchange Traded Fund Trust BETABUILDERS DEVELOPED ASIA PACIFIC-EX JAPAN ETF | CUSIP: 46641Q233<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |     19304 | NS      | $1052068.00   | 2.62%             |  |  |  | No            |                  1 | On Loan: No      |
| JANUS CAPITAL GROUP INC                   | Janus Henderson Cash Liquidity Fund LLC                                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |     60726 | NS      | $60738.42     | 0.15%             |  |  |  | No            |                  2 | On Loan: No      |
| Vanguard International Equity Index Funds | Vanguard International Equity Index Funds FTSE EUROPE ETF                              | CUSIP: 922042874<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |     27003 | NS      | $2092732.50   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | Vanguard Index Funds S&P 500 ETF USD                                                   | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     14432 | NS      | $8197808.96   | 20.39%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | Vanguard Index Funds VANGUARD SMALL-CAP ETF                                            | CUSIP: 922908751<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |     13103 | NS      | $3105148.94   | 7.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Cash Collateral Fund      | Janus Henderson Cash Collateral Fund                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |      2636 | NS      | $2636.00      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                       | Royal Bank of Canada                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |       659 | PA      | $659.00       | 0.00%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** CLAYTON STREET TRUST

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER