# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-001382
**Filing Date:** 2023-1
**Character Count:** 97709
**Document Hash:** ac8f882de1eb2bd383b7f92f90816637
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-001382.hdr.sgml**: 20230113

**ACCESSION NUMBER**: 0001145549-23-001382

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20220930

**FILED AS OF DATE**: 20230113

**DATE AS OF CHANGE**: 20230113

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 23529410

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Palmer Square Ultra-Short Duration Investment Grade Fund (Series ID: S000050277)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000158749 | Palmer Square Ultra-Short Duration Investment Grade Fund | PSDSX           |

## Nport-Ex

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BANK LOANS — 3.3%** |  |
| 245570 | Axalta Coating Systems U.S. Holdings, Inc.<br> 5.424% (3-Month USD Libor+175 basis points), 6/1/2024<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$242347 |
| 250000 | Berry Global, Inc.<br> 4.178% (1-Month USD Libor+175 basis points), 7/1/2026<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242634 |
| 249367 | Citadel Securities LP<br> 5.649% (1-Month USD Libor+250 basis points), 2/2/2028<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242834 |
| 250000 | Hilton Worldwide Finance LLC<br> 4.834% (1-Month USD Libor+175 basis points), 6/21/2026<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;242135 |
| 249270 | Trans Union LLC<br> 4.274% (1-Month USD Libor+175 basis points), 11/15/2026<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;241199 |
| 245834 | Vistra Operations Co. LLC<br> 4.804% (1-Month USD Libor+175 basis points), 12/31/2025<sup>2,3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;237998 |
|  | **Total Bank Loans** |  |
|  | (Cost $1,475,030) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1449147** |
|  | **BONDS — 94.6%** |  |
|  | **ASSET-BACKED SECURITIES — 52.3%** |  |
| 500000 | Ammc Clo 20 Ltd.<br> Series 2017-20A, Class DR, 5.890% (3-Month USD Libor+315 basis points), 4/17/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;471463 |
| 402661 | Ares CLO Ltd.<br> Series 2017-42A, Class AR, 3.679% (3-Month USD Libor+92 basis points), 1/22/2028<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398396 |
| 639764 | Ares XL CLO Ltd.<br> Series 2016-40A, Class A1RR, 3.382% (3-Month USD Libor+87 basis points), 1/15/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;631882 |
|  | Barings CLO Ltd. |  |
| 544225 | Series 2013-IA, Class AR, 3.510% (3-Month USD Libor+80 basis points), 1/20/2028<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;537214 |
| 1500000 | Series 2013-IA, Class BR, 3.960% (3-Month USD Libor+125 basis points), 1/20/2028<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1462500 |
| 76374 | Capital One Prime Auto Receivables Trust<br> Series 2019-2, Class A3, 1.920%, 5/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;76142 |
|  | CarMax Auto Owner Trust |  |
| 247223 | Series 2019-3, Class A3, 2.180%, 8/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;246109 |
| 430874 | Series 2019-4, Class A3, 2.020%, 11/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;427525 |
| 582969 | Series 2021-1, Class A3, 0.340%, 12/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;564251 |
| 484333 | CIFC Funding Ltd.<br> Series 2015-3A, Class AR, 3.608% (3-Month USD Libor+87 basis points), 4/19/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;477275 |
| 437131 | COLT Mortgage Loan Trust<br> Series 2021-4, Class A1, 1.397%, 10/25/2066<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;360002 |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
|  | DLLST LLC |  |
| 100046 | Series 2022-1A, Class A1, 1.560%, 5/22/2023<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$99769 |
| 200000 | Series 2022-1A, Class A2, 2.790%, 1/22/2024<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197778 |
|  | Ellington Financial Mortgage Trust |  |
| 264783 | Series 2021-2, Class A1, 0.931%, 6/25/2066<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221732 |
| 310074 | Series 2021-3, Class A1, 1.241%, 9/25/2066<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251173 |
| 621836 | Flatiron Clo 17 Ltd.<br> Series 2017-1A, Class AR, 3.885% (3-Month USD Libor+98 basis points), 5/15/2030<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;613509 |
| 61957 | Ford Credit Auto Owner Trust<br> Series 2019-C, Class A3, 1.870%, 3/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;61798 |
| 479951 | Galaxy CLO Ltd.<br> Series 2017-23A, Class AR, 3.653% (3-Month USD Libor+87 basis points), 4/24/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;473020 |
|  | GM Financial Automobile Leasing Trust |  |
| 299998 | Series 2021-2, Class A3, 0.340%, 5/20/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;295418 |
| 309000 | Series 2020-2, Class B, 1.560%, 7/22/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;307088 |
| 300000 | Series 2021-1, Class A4, 0.330%, 2/20/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292651 |
|  | GM Financial Consumer Automobile Receivables Trust |  |
| 327952 | Series 2021-4, Class A2, 0.280%, 11/18/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;323974 |
| 223671 | Series 2020-4, Class A3, 0.380%, 8/18/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218129 |
| 492421 | Grippen Park CLO Ltd.<br> Series 2017-1A, Class A, 3.970% (3-Month USD Libor+126 basis points), 1/20/2030<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487834 |
| 650000 | Highbridge Loan Management Ltd.<br> Series 7A-2015, Class CR, 4.605% (3-Month USD Libor+170 basis points), 3/15/2027<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635520 |
| 221407 | Honda Auto Receivables Owner Trust<br> Series 2020-2, Class A3, 0.820%, 7/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220392 |
| 119564 | HPEFS Equipment Trust<br> Series 2021-2A, Class A2, 0.300%, 9/20/2028<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118660 |
|  | Hyundai Auto Lease Securitization Trust |  |
| 500000 | Series 2021-B, Class A3, 0.330%, 6/17/2024<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;487829 |
| 350000 | Series 2022-B, Class A2A, 2.750%, 10/15/2024<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;345771 |
| 350000 | Series 2022-C, Class A2A, 4.340%, 1/15/2025<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;348651 |
|  | Madison Park Funding Ltd. |  |
| 243814 | Series 2013-11A, Class AR2, 3.683% (3-Month USD Libor+90 basis points), 7/23/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;239968 |
| 500000 | Series 2019-33A, Class AR, 3.618% (3-Month Term SOFR+129 basis points), 10/15/2032<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;491751 |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
| 250000 | Mariner CLO LLC<br> Series 2016-3A, Class BR2, 4.283% (3-Month USD Libor+150 basis points), 7/23/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$244170 |
|  | MMAF Equipment Finance LLC |  |
| 225668 | Series 2020-A, Class A2, 0.740%, 4/9/2024<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;222454 |
| 350000 | Series 2022-A, Class A2, 2.770%, 2/13/2025<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;343274 |
| 487061 | Newark BSL CLO Ltd.<br> Series 2016-1A, Class A1R, 3.869% (3-Month USD Libor+110 basis points), 12/21/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;482263 |
|  | Nissan Auto Receivables Owner Trust |  |
| 37062 | Series 2019-B, Class A3, 2.500%, 11/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37094 |
| 144122 | Series 2019-C, Class A3, 1.930%, 7/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143590 |
| 456287 | Series 2020-A, Class A3, 1.380%, 12/16/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449452 |
| 320282 | OBX Trust<br> Series 2021-NQM4, Class A1, 1.957%, 10/25/2061<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;264177 |
| 1675476 | OCP CLO Ltd.<br> Series 2014-7A, Class A1RR, 3.830% (3-Month USD Libor+112 basis points), 7/20/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1656844 |
| 500000 | Rad CLO 3 Ltd.<br> Series 2019-3A, Class A, 3.992% (3-Month USD Libor+148 basis points), 4/15/2032<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;492230 |
| 500000 | Regatta Funding LP<br> Series 2013-2A, Class CR2, 6.212% (3-Month USD Libor+370 basis points), 1/15/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;469193 |
|  | Starwood Mortgage Residential Trust |  |
| 239515 | Series 2021-5, Class A1, 1.920%, 9/25/2066<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;197569 |
| 290496 | Series 2022-1, Class A1, 2.447%, 12/25/2066<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;255800 |
| 625000 | Stratus CLO Ltd.<br> Series 2021-1A, Class C, 4.460% (3-Month USD Libor+175 basis points), 12/29/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;587871 |
|  | Symphony CLO XIV Ltd. |  |
| 1000000 | Series 2014-14A, Class CR, 4.583% (3-Month USD Libor+210 basis points), 7/14/2026<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;985574 |
| 500000 | Series 2014-14A, Class DR, 5.583% (3-Month USD Libor+310 basis points), 7/14/2026<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;489155 |
|  | TICP CLO II-2 Ltd. |  |
| 864994 | Series 2018-IIA, Class A1, 3.550% (3-Month USD Libor+84 basis points), 4/20/2028<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;856290 |
| 1000000 | Series 2018-IIA, Class A2, 3.960% (3-Month USD Libor+125 basis points), 4/20/2028<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;987754 |
| 30881 | Toyota Lease Owner Trust<br> Series 2021-A, Class A2, 0.270%, 9/20/2023<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;30825 |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **ASSET-BACKED SECURITIES (Continued)** |  |
|  | Voya CLO Ltd. |  |
| 259731 | Series 2015-1A, Class A1R, 3.640% (3-Month USD Libor+90 basis points), 1/18/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$256952 |
| 740219 | Series 2017-1A, Class A1R, 3.690% (3-Month USD Libor+95 basis points), 4/17/2030<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;729983 |
| 176468 | World Omni Auto Receivables Trust<br> Series 2020-A, Class A3, 1.100%, 4/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;174300 |
| 63687 | World Omni Select Auto Trust<br> Series 2021-A, Class A2, 0.290%, 2/18/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;63394 |
| 460000 | York CLO 1 Ltd.<br> Series 2014-1A, Class BRR, 4.409% (3-Month USD Libor+165 basis points), 10/22/2029<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449676 |
|  | **Total Asset-Backed Securities** |  |
|  | (Cost $23,890,964) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**23255058** |
|  | **COMMERCIAL MORTGAGE-BACKED SECURITIES — 2.3%** |  |
| 300000 | Citigroup Commercial Mortgage Trust<br> Series 2018-TBR, Class A, 3.648% (1-Month USD Libor+83 basis points), 12/15/2036<sup>3,4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;292126 |
| 28292 | COLT Mortgage Loan Trust<br> Series 2020-2, Class A1, 1.853%, 3/25/2065<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27769 |
| 750000 | GS Mortgage Securities Corp. II<br> Series 2012-BWTR, Class A, 2.954%, 11/5/2034<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;712988 |
|  | **Total Commercial Mortgage-Backed Securities** |  |
|  | (Cost $1,090,214) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1032883** |
|  | **CORPORATE — 23.7%** |  |
|  | **BASIC MATERIALS — 0.9%** |  |
| 225000 | DuPont de Nemours, Inc.<br> 4.015% (3-Month USD Libor+111 basis points), 11/15/2023<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;225933 |
| 190000 | Georgia-Pacific LLC<br> 0.625%, 5/15/2024<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;176563 |
| 20000 | Sherwin-Williams Co.<br> 4.250%, 8/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19541 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**422037** |
|  | **COMMUNICATIONS — 2.2%** |  |
| 150000 | Amazon.com, Inc.<br> 2.400%, 2/22/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148830 |
| 375000 | AT&T, Inc.<br> 4.416% (3-Month USD Libor+118 basis points), 6/12/2024<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;376531 |
| 225000 | eBay, Inc.<br> 1.900%, 3/11/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209039 |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **COMMUNICATIONS (Continued)** |  |
| 100000 | Fox Corp.<br> 4.030%, 1/25/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$98836 |
| 125000 | Verizon Communications, Inc.<br> 3.467% (SOFR Index+79 basis points), 3/20/2026<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;122676 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**955912** |
|  | **CONSUMER, CYCLICAL — 3.5%** |  |
| 125000 | 7-Eleven, Inc.<br> 0.800%, 2/10/2024<sup>3,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;118254 |
| 140000 | BMW U.S. Capital LLC<br> 2.774% (SOFR Index+38 basis points), 8/12/2024<sup>4,5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;138653 |
| 20000 | Dollar General Corp.<br> 4.250%, 9/20/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19774 |
| 100000 | General Motors Financial Co., Inc.<br> 1.700%, 8/18/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97063 |
| 40000 | Home Depot, Inc.<br> 4.000%, 9/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39390 |
| 225000 | Hyundai Capital America<br> 1.250%, 9/18/2023<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216508 |
|  | Lowe's Cos., Inc. |  |
| 225000 | 4.000%, 4/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220699 |
| 20000 | 4.400%, 9/8/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19709 |
| 170000 | McDonald's Corp.<br> 3.375%, 5/26/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163483 |
| 150000 | PACCAR Financial Corp.<br> 2.650%, 4/6/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148589 |
| 15000 | Starbucks Corp.<br> 2.816% (SOFR Index+42 basis points), 2/14/2024<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14913 |
|  | Volkswagen Group of America Finance LLC |  |
| 20000 | 0.750%, 11/23/2022<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;19909 |
| 220000 | 0.875%, 11/22/2023<sup>5</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;209563 |
| 145000 | Walmart, Inc.<br> 3.900%, 9/9/2025 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142547 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1569054** |
|  | **CONSUMER, NON-CYCLICAL — 6.4%** |  |
| 135000 | AbbVie, Inc.<br> 2.600%, 11/21/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;128570 |
| 150000 | Anthem, Inc.<br> 2.950%, 12/1/2022<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149708 |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **CONSUMER, NON-CYCLICAL (Continued)** |  |
|  | Baxter International, Inc. |  |
| 100000 | 0.868%, 12/1/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$95595 |
| 220000 | 2.879% (SOFR Index+44 basis points), 11/29/2024<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215000 |
| 105000 | Biogen, Inc.<br> 4.050%, 9/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;102025 |
| 275000 | Cardinal Health, Inc.<br> 3.200%, 3/15/2023 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;273475 |
| 225000 | Cigna Corp.<br> 3.250%, 4/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;215111 |
| 225000 | Constellation Brands, Inc.<br> 3.600%, 5/9/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;220273 |
| 150000 | Diageo Capital PLC<br> 2.125%, 10/24/2024<sup>3,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;142557 |
| 225000 | McCormick & Co., Inc.<br> 3.150%, 8/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217474 |
| 250000 | McKesson Corp.<br> 2.850%, 3/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;248393 |
| 250000 | Mondelez International Holdings Netherlands B.V.<br> 0.750%, 9/24/2024<sup>5,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;229375 |
| 225000 | Moody's Corp.<br> 3.750%, 3/24/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;218638 |
| 200000 | Thermo Fisher Scientific, Inc.<br> 2.573% (SOFR Index+35 basis points), 4/18/2023<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199752 |
| 200000 | UnitedHealth Group, Inc.<br> 2.375%, 10/15/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199857 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**2855803** |
|  | **ENERGY — 2.4%** |  |
| 300000 | Enbridge, Inc.<br> 3.028% (SOFR Index+63 basis points), 2/16/2024<sup>4,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;296862 |
| 250000 | Energy Transfer LP<br> 4.200%, 9/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247440 |
| 225000 | Enterprise Products Operating LLC<br> 3.900%, 2/15/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221119 |
| 150000 | Kinder Morgan Energy Partners LP<br> 3.450%, 2/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149328 |
| 150000 | Schlumberger Finance Canada Ltd.<br> 2.650%, 11/20/2022<sup>3,5,7</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149902 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1064651** |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **FINANCIAL — 1.1%** |  |
|  | American Express Co. |  |
| 35000 | 2.609% (SOFR Index+23 basis points), 11/3/2023<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$34721 |
| 125000 | 3.625%, 12/5/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;121626 |
| 100000 | Charles Schwab Corp.<br> 2.916% (SOFR Index+52 basis points), 5/13/2026<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;97128 |
| 225000 | Intercontinental Exchange, Inc.<br> 3.650%, 5/23/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;217735 |
| 15000 | Simon Property Group LP<br> 2.597% (SOFR Index+43 basis points), 1/11/2024<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14883 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**486093** |
|  | **INDUSTRIAL — 1.5%** |  |
| 150000 | 3M Co.<br> 2.250%, 3/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148551 |
| 150000 | Parker-Hannifin Corp.<br> 2.700%, 6/14/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;144518 |
| 150000 | Union Pacific Corp.<br> 2.950%, 1/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149409 |
| 225000 | WRKCo, Inc.<br> 3.750%, 3/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;216968 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**659446** |
|  | **TECHNOLOGY — 3.8%** |  |
| 300000 | Autodesk, Inc.<br> 3.600%, 12/15/2022<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;299562 |
| 220000 | Fidelity National Information Services, Inc.<br> 0.600%, 3/1/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;206471 |
| 250000 | Fiserv, Inc.<br> 3.800%, 10/1/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;247773 |
| 120000 | Hewlett Packard Enterprise Co.<br> 4.450%, 10/2/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;119532 |
| 200000 | Marvell Technology, Inc.<br> 4.200%, 6/22/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199471 |
| 150000 | Microsoft Corp.<br> 2.375%, 5/1/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148485 |
| 275000 | NVIDIA Corp.<br> 0.309%, 6/15/2023<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;267501 |
| 200000 | Oracle Corp.<br> 2.500%, 10/15/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199892 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1688687** |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Principal<br> Amount<sup>1</sup> |  | Value |
|  | **BONDS (Continued)** |  |
|  | **CORPORATE (Continued)** |  |
|  | **UTILITIES — 1.9%** |  |
| 30000 | American Electric Power Co., Inc.<br> 2.031%, 3/15/2024 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$28731 |
| 150000 | Avangrid, Inc.<br> 3.150%, 12/1/2024<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;143546 |
| 40000 | DTE Energy Co.<br> 4.220%, 11/1/2024<sup>8</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39267 |
| 150000 | Duke Energy Corp.<br> 2.783% (SOFR Rate+25 basis points), 6/10/2023<sup>4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;149221 |
| 225000 | Eversource Energy<br> 0.800%, 8/15/2025<sup>3</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;199176 |
| 300000 | NextEra Energy Capital Holdings, Inc.<br> 2.779% (SOFR Index+40 basis points), 11/3/2023<sup>3,4</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;297286 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**857227** |
|  | **Total Corporate** |  |
|  | (Cost $10,800,418) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**10558910** |
|  | **RESIDENTIAL MORTGAGE-BACKED SECURITIES — 0.4%** |  |
| 198795 | OBX Trust<br> Series 2021-NQM2, Class A1, 1.101%, 5/25/2061<sup>3,5,6</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;164177 |
|  | **Total Residential Mortgage-Backed Securities** |  |
|  | (Cost $198,795) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**164177** |
|  | **U.S. GOVERNMENT — 15.9%** |  |
|  | United States Treasury Bill |  |
| 450000 | 2.285%, 10/6/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449908 |
| 800000 | 2.610%, 10/25/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;798763 |
| 450000 | 2.565%, 10/27/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;449230 |
| 675000 | 2.714%, 11/1/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;673551 |
| 450000 | 2.653%, 11/3/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448970 |
| 800000 | 2.683%, 11/8/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797837 |
| 400000 | 2.549%, 11/10/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;398861 |
| 800000 | 2.880%, 11/15/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;797298 |
| 450000 | 2.520%, 11/17/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;448400 |
| 1300000 | 2.994%, 11/22/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1294712 |
| 500000 | 2.972%, 12/8/2022 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;497299 |
|  | **Total U.S. Government** |  |
|  | (Cost $7,054,137) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**7054829** |
|  | **Total Bonds** |  |
|  | (Cost $43,034,528) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**42065857** |

---

------

#### Palmer Square Ultra-Short Duration Investment Grade Fund

#### SCHEDULE OF INVESTMENTS - Continued

#### As of September 30, 2022 (Unaudited)

------

---

| | | |
|:---|:---|:---|
| Number<br> of Shares |  | Value |
|  | **SHORT-TERM INVESTMENTS — 2.6%** |  |
| 1175769 | Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 2.79%<sup>9</sup> | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$1175769 |
|  | **Total Short-Term Investments** |  |
|  | (Cost $1,175,769) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**1175769** |
|  | **TOTAL INVESTMENTS — 100.5%** |  |
|  | (Cost $45,685,327) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**44690773** |
|  | Liabilities in Excess of Other Assets — (0.5)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(235397) |
|  | **TOTAL NET ASSETS — 100.0%** | $**44455376** |

---

---

| | | |
|:---|:---|:---|
| Principal<br> Amount |  |  |
|  | **SECURITIES SOLD SHORT — (1.2)%** |  |
|  | **BONDS — (1.2)%** |  |
|  | **U.S. GOVERNMENT — (1.2)%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;$(600000) | United States Treasury Note<br> 0.750%, 5/31/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(530015) |
|  | **Total U.S. Government** |  |
|  | (Proceeds $552,569) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(530015)** |
|  | **Total Bonds** |  |
|  | (Proceeds $552,569) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**(530015)** |
|  | **Total Securities Sold Short** |  |
|  | (Proceeds $552,569) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**$(530015)** |

---

<sup>1</sup> Local currency.

<sup>2</sup> Bank loans generally pay interest at rates which are periodically determined by reference to a base lending rate plus a premium. All loans carry a variable rate of interest. These base lending rates are generally (i) the Prime Rate offered by one or more major United States banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate ("LIBOR"), (iii) the Certificate of Deposit rate, or (iv) Secured Overnight Financing Rate ("SOFR"). Bank Loans, while exempt from registration, under the Securities Act of 1933, contain certain restrictions on resale and cannot be sold publicly. Floating rate bank loans often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy.

<sup>3</sup> Callable.

<sup>4</sup> Floating rate security.

<sup>5</sup> Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The total value of these securities is $21,809,538 which represents 49.06% of total net assets of the Fund.

<sup>6</sup> Variable rate security.

<sup>7</sup> Foreign security denominated in U.S. Dollars.

<sup>8</sup> Step rate security.

<sup>9</sup> The rate is the annualized seven-day yield at period end.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Palmer Square Ultra-Short Duration Investment Grade Fund

- **b. EDGAR series identifier (if any):** S000050277

- **c. LEI of Series:** 549300NYWH528FBWW089

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-09-30

**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:** $45665757.03

**Total Liabilities:** $1210609.00

**Net Assets:** $44455148.03

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 148.769068172418 | **1-Year:** 1548.418797955258 | **5-Year:** 3864.333363403143 | **10-Year:** 1434.093857910314 | **30-Year:** 1510.108593132767

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

- **3-Month:** 0.616639988253 | **1-Year:** 51.091317155983 | **5-Year:** 74.052464019764 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158749 | 0.15%                | 0.41%                | -0.55%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-24464.53               | $37572.70                                  |
| Month 2  | $-2229.80                | $82270.86                                  |
| Month 3  | $20384.33                | $-321421.77                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Onslow Bay Financial LLC       | Onslow Bay Mortgage Loan Trust                            | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    320282 | PA      | $264177.40    | 0.59%             | 2061-10-25      | Variable      | 1.96%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp.                                              | CUSIP: 68389XAP0<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199891.60    | 0.45%             | 2022-10-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP          | PACCAR Financial Corp.                                    | CUSIP: 69371RQ74<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148588.65    | 0.33%             | 2023-04-06      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP           | Parker-Hannifin Corp.                                     | CUSIP: 701094AM6<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144517.50    | 0.33%             | 2024-06-14      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Regatta II Funding LP          | Regatta Funding LP 2013-2A                                | CUSIP: 75885WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $469192.56    | 1.06%             | 2029-01-15      | Floating      | 6.21%                 | Yes           |                  2 | On Loan: No      |
| SCHLUMBERGER FIN CA            | Schlumberger Finance Canada Ltd.                          | CUSIP: 80685XAB7<br>LEI: 549300P4EXZFF0LRNF59 | Long             | DBT              | CORP              | CA        |    150000 | PA      | $149902.20    | 0.34%             | 2022-11-20      | Fixed         | 2.65%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp.                                      | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97127.90     | 0.22%             | 2026-05-13      | Floating      | 2.92%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven, Inc.                                            | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    125000 | PA      | $118254.25    | 0.27%             | 2024-02-10      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO            | Sherwin-Williams Co.                                      | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19541.02     | 0.04%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP        | Simon Property Group LP                                   | CUSIP: 828807DR5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14882.91     | 0.03%             | 2024-01-11      | Floating      | 2.60%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands, Inc.                                | CUSIP: 21036PBM9<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220273.43    | 0.50%             | 2024-05-09      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DLLST LLC                      | DLLST 2022-1 LLC                                          | CUSIP: 23292GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100046 | PA      | $99768.66     | 0.22%             | 2023-05-22      | Fixed         | 1.56%                 | Yes           |                  2 | On Loan: No      |
| DLLST LLC                      | DLLST 2022-1 LLC                                          | CUSIP: 23292GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $197777.80    | 0.44%             | 2024-01-22      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co.                                            | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39267.20     | 0.09%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC             | Diageo Capital PLC                                        | CUSIP: 25243YBA6<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $142557.15    | 0.32%             | 2024-10-24      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| DOLLAR GENERAL CORP            | Dollar General Corp.                                      | CUSIP: 256677AJ4<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19773.76     | 0.04%             | 2024-09-20      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC          | DuPont de Nemours, Inc.                                   | CUSIP: 26078JAH3<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225933.30    | 0.51%             | 2023-11-15      | Floating      | 4.02%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                         | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149220.90    | 0.34%             | 2023-06-10      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| EBAY INC                       | eBay, Inc.                                                | CUSIP: 278642AV5<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    225000 | PA      | $209038.73    | 0.47%             | 2025-03-11      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge, Inc.                                            | CUSIP: 29250NBM6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $296862.30    | 0.67%             | 2024-02-16      | Floating      | 3.03%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                        | CUSIP: 29278NAC7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247440.25    | 0.56%             | 2023-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                         | CUSIP: 29379VBB8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221119.20    | 0.50%             | 2024-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY              | Eversource Energy                                         | CUSIP: 30040WAJ7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    225000 | PA      | $199176.30    | 0.45%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                 | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    264783 | PA      | $221731.80    | 0.50%             | 2066-06-25      | Variable      | 0.93%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-3                 | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    310074 | PA      | $251172.58    | 0.57%             | 2066-09-25      | Variable      | 1.24%                 | Yes           |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services, Inc.              | CUSIP: 31620MBQ8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    220000 | PA      | $206470.88    | 0.46%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv, Inc.                                              | CUSIP: 337738AQ1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247773.00    | 0.56%             | 2023-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Flatiron CLO Ltd               | Flatiron Clo 17 Ltd.                                      | CUSIP: 33882GAE8<br>LEI: 549300ZUHE1G4KLVKW25 | Long             | ABS-CBDO         | CORP              | KY        |    621836 | PA      | $613509.10    | 1.38%             | 2030-05-15      | Floating      | 3.89%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2019-C                       | CUSIP: 34531KAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     61957 | PA      | $61797.82     | 0.14%             | 2024-03-15      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| FOX CORP                       | Fox Corp.                                                 | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    100000 | PA      | $98835.60     | 0.22%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp. II                           | CUSIP: 36192RAA0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $712988.25    | 1.60%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2021-4 | CUSIP: 362554AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    327952 | PA      | $323973.97    | 0.73%             | 2024-11-18      | Fixed         | 0.28%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2020-2              | CUSIP: 36259PAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    309000 | PA      | $307087.91    | 0.69%             | 2024-07-22      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2020-4 | CUSIP: 36260KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    223671 | PA      | $218129.10    | 0.49%             | 2025-08-18      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2021-1              | CUSIP: 36261RAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $292651.50    | 0.66%             | 2025-02-20      | Fixed         | 0.33%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                 | Galaxy XXIII CLO Ltd.                                     | CUSIP: 36319TAN6<br>LEI: 5493001X8XC4DMSYH466 | Long             | ABS-CBDO         | CORP              | KY        |    479951 | PA      | $473020.00    | 1.06%             | 2029-04-24      | Floating      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co., Inc.                        | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97062.80     | 0.22%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC            | Georgia-Pacific LLC                                       | CUSIP: 37331NAM3<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    190000 | PA      | $176562.44    | 0.40%             | 2024-05-15      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2021-2              | CUSIP: 380144AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299998 | PA      | $295417.57    | 0.66%             | 2024-05-20      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| Grippen Park CLO LTD           | Grippen Park CLO Ltd.                                     | CUSIP: 39862EAA2<br>LEI: 549300P7KR0IARP7PG22 | Long             | ABS-CBDO         | CORP              | KY        |    492421 | PA      | $487834.37    | 1.10%             | 2030-01-20      | Floating      | 3.97%                 | Yes           |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd | Highbridge Loan Management 7-2015 Ltd.                    | CUSIP: 40437RAE9<br>LEI: 254900IU43NDZ7HEB142 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $635519.80    | 1.43%             | 2027-03-15      | Floating      | 4.61%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust          | HPEFS Equipment Trust 2021-2                              | CUSIP: 40441JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    119564 | PA      | $118659.73    | 0.27%             | 2028-09-20      | Fixed         | 0.30%                 | Yes           |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp.                                           | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14913.45     | 0.03%             | 2024-02-14      | Floating      | 2.82%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-5                | CUSIP: 85573QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    239515 | PA      | $197568.57    | 0.44%             | 2066-09-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2022-1                | CUSIP: 85573TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    290496 | PA      | $255799.94    | 0.58%             | 2066-12-25      | Variable      | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Stratus CLO                    | Stratus CLO 2021-1 Ltd.                                   | CUSIP: 863162AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $587870.91    | 1.32%             | 2029-12-29      | Floating      | 4.46%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XIV Ltd.                                     | CUSIP: 87159QBZ0<br>LEI: 54930085JMJSZBQ6N270 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $985574.44    | 2.22%             | 2026-07-14      | Floating      | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XIV Ltd.                                     | CUSIP: 87159QCB2<br>LEI: 54930085JMJSZBQ6N270 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $489155.04    | 1.10%             | 2026-07-14      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO II-2 Ltd.                                        | CUSIP: 87249TAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    864994 | PA      | $856289.82    | 1.93%             | 2028-04-20      | Floating      | 3.55%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO II-2 Ltd.                                        | CUSIP: 87249TAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $987754.54    | 2.22%             | 2028-04-20      | Floating      | 3.96%                 | Yes           |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific, Inc.                            | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199751.80    | 0.45%             | 2023-04-18      | Floating      | 2.57%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                     | 3M Co.                                                    | CUSIP: 88579YAX9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148551.45    | 0.33%             | 2023-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust       | Toyota Lease Owner Trust 2021-A                           | CUSIP: 89238EAB2<br>LEI: 549300UQ4T5S6MJB6C18 | Long             | ABS-O            | CORP              | US        |     30881 | PA      | $30824.63     | 0.07%             | 2023-09-20      | Fixed         | 0.27%                 | Yes           |                  2 | On Loan: No      |
| UNION PACIFIC CORP             | Union Pacific Corp.                                       | CUSIP: 907818DM7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149409.45    | 0.34%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796M89<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $449908.20    | 1.01%             | 2022-10-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796N96<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $448969.95    | 1.01%             | 2022-11-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796V71<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $449229.60    | 1.01%             | 2022-10-27      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796W54<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $398860.53    | 0.90%             | 2022-11-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796W62<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    450000 | PA      | $448399.80    | 1.01%             | 2022-11-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796X61<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $497299.50    | 1.12%             | 2022-12-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YF0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $798763.20    | 1.80%             | 2022-10-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YG8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    675000 | PA      | $673551.45    | 1.52%             | 2022-11-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YP8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $797836.80    | 1.79%             | 2022-11-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YQ6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    800000 | PA      | $797298.40    | 1.79%             | 2022-11-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YR4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1300000 | PA      | $1294711.60   | 2.91%             | 2022-11-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note                               | CUSIP: 91282CCF6<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        |   -600000 | PA      | $-530015.40   | -1.19%            | 2026-05-31      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group, Inc.                                  | CUSIP: 91324PDD1<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199857.60    | 0.45%             | 2022-10-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                              | CUSIP: 92343VGE8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    125000 | PA      | $122676.38    | 0.28%             | 2026-03-20      | Floating      | 3.47%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BG6<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19908.52     | 0.04%             | 2022-11-23      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    220000 | PA      | $209562.98    | 0.47%             | 2023-11-22      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2015-1 Ltd.                                      | CUSIP: 92914NAJ0<br>LEI: 54930085W413OSH6FR69 | Long             | ABS-CBDO         | CORP              | KY        |    259731 | PA      | $256952.35    | 0.58%             | 2029-01-18      | Floating      | 3.64%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2017-1 Ltd.                                      | CUSIP: 92916MAF8<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |    740219 | PA      | $729983.14    | 1.64%             | 2030-04-17      | Floating      | 3.69%                 | Yes           |                  2 | On Loan: No      |
| WALMART INC                    | Walmart, Inc.                                             | CUSIP: 931142EW9<br>LEI: Y87794H0US1R65VBXU25 | Long             | DBT              | CORP              | US        |    145000 | PA      | $142547.04    | 0.32%             | 2025-09-09      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| WRKCO INC                      | WRKCo, Inc.                                               | CUSIP: 96145DAF2<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216967.50    | 0.49%             | 2025-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust   | World Omni Select Auto Trust 2021-A                       | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     63687 | PA      | $63393.63     | 0.14%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2020-A                  | CUSIP: 98163MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    176468 | PA      | $174300.19    | 0.39%             | 2025-04-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| York CLO Ltd                   | York CLO 1 Ltd.                                           | CUSIP: 986255AW7<br>LEI: 549300EJZ6JIZVXIHF06 | Long             | ABS-CBDO         | CORP              | KY        |    460000 | PA      | $449676.16    | 1.01%             | 2029-10-22      | Floating      | 4.41%                 | Yes           |                  2 | On Loan: No      |
| AXALTA COATING SYSTEMS US H    | Axalta Coating Systems U.S. Holdings, Inc.                | CUSIP: 90347BAH1<br>LEI: 549300NZ43V4QV4UGN28 | Long             | LON              | CORP              | US        |    246309 | PA      | $243075.75    | 0.55%             | 2024-06-01      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| HILTON WORLDWIDE FINANCE       | Hilton Worldwide Finance LLC                              | CUSIP: 43289DAH6<br>LEI: 549300406TN7EY0NPH20 | Long             | LON              | CORP              | US        |    250000 | PA      | $242135.00    | 0.54%             | 2026-06-21      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                | Trans Union LLC                                           | CUSIP: 89334GAX2<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    250000 | PA      | $241906.25    | 0.54%             | 2026-11-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co. LLC                                 | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    246529 | PA      | $238670.55    | 0.54%             | 2025-12-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LP          | Citadel Securities LP                                     | CUSIP: 17288YAD4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    249367 | PA      | $242833.67    | 0.55%             | 2028-02-02      | Floating      | 5.65%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global, Inc.                                        | CUSIP: 08579JBG6<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | LON              | CORP              | US        |    250000 | PA      | $242633.75    | 0.55%             | 2026-07-01      | Floating      | 4.18%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio    | Fidelity Treasury Portfolio - Class I                     | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   2195229 | PA      | $2195228.77   | 4.94%             |  |  |  | No            |                  2 | On Loan: No      |
| American Money Management Corp | Ammc Clo 20 Ltd.                                          | CUSIP: 00177TAQ6<br>LEI: 549300LDRXVT7PCHV066 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $471462.94    | 1.06%             | 2029-04-17      | Floating      | 5.89%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                       | AT&T, Inc.                                                | CUSIP: 00206RGD8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    375000 | PA      | $376531.13    | 0.85%             | 2024-06-12      | Floating      | 4.42%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                     | AbbVie, Inc.                                              | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    135000 | PA      | $128569.95    | 0.29%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com, Inc.                                          | CUSIP: 023135AW6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148830.60    | 0.33%             | 2023-02-22      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER        | American Electric Power Co., Inc.                         | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |     30000 | PA      | $28731.54     | 0.06%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co.                                      | CUSIP: 025816BK4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121625.75    | 0.27%             | 2024-12-05      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co.                                      | CUSIP: 025816CJ6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34721.68     | 0.08%             | 2023-11-03      | Floating      | 2.61%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health, Inc.                                     | CUSIP: 036752AF0<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149708.40    | 0.34%             | 2022-12-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XL CLO Ltd.                                          | CUSIP: 04016GBB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    639764 | PA      | $631881.92    | 1.42%             | 2029-01-15      | Floating      | 3.38%                 | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XLII Clo Ltd.                                        | CUSIP: 04016LAQ0<br>LEI: 5493004S1FMDW7K3MU50 | Long             | ABS-CBDO         | CORP              | KY        |    402661 | PA      | $398396.48    | 0.90%             | 2028-01-22      | Floating      | 3.68%                 | Yes           |                  2 | On Loan: No      |
| AUTODESK INC                   | Autodesk, Inc.                                            | CUSIP: 052769AB2<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299562.30    | 0.67%             | 2022-12-15      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AVANGRID INC                   | Avangrid, Inc.                                            | CUSIP: 05351WAA1<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143545.65    | 0.32%             | 2024-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC             | BMW U.S. Capital LLC                                      | CUSIP: 05565EBV6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138652.92    | 0.31%             | 2024-08-12      | Floating      | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd                | Barings CLO Ltd. 2013-I                                   | CUSIP: 06760EAA4<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |    544225 | PA      | $537214.40    | 1.21%             | 2028-01-20      | Floating      | 3.51%                 | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd                | Barings CLO Ltd. 2013-I                                   | CUSIP: 06760EAC0<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1462500.00   | 3.29%             | 2028-01-20      | Floating      | 3.96%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International, Inc.                                | CUSIP: 071813CE7<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    100000 | PA      | $95594.70     | 0.22%             | 2023-12-01      | Fixed         | 0.87%                 | No            |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International, Inc.                                | CUSIP: 071813DB2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $214999.84    | 0.48%             | 2024-11-29      | Floating      | 2.88%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                     | Biogen, Inc.                                              | CUSIP: 09062XAF0<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    105000 | PA      | $102024.62    | 0.23%             | 2025-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2015-III Ltd.                                | CUSIP: 12550MAJ9<br>LEI: 549300UDPJ30BQP2HX62 | Long             | ABS-CBDO         | CORP              | KY        |    484333 | PA      | $477274.56    | 1.07%             | 2029-04-19      | Floating      | 3.61%                 | Yes           |                  2 | On Loan: No      |
| CIGNA CORP                     | Cigna Corp.                                               | CUSIP: 125523AV2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    225000 | PA      | $215111.25    | 0.48%             | 2025-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust 2019-2           | CUSIP: 14043TAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76374 | PA      | $76142.51     | 0.17%             | 2024-05-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC            | Cardinal Health, Inc.                                     | CUSIP: 14149YAY4<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    275000 | PA      | $273474.85    | 0.62%             | 2023-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2019-3                            | CUSIP: 14315PAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    247223 | PA      | $246109.48    | 0.55%             | 2024-08-15      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2019-4                            | CUSIP: 14315WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    430874 | PA      | $427525.08    | 0.96%             | 2024-11-15      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2021-1                            | CUSIP: 14316NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    582969 | PA      | $564250.98    | 1.27%             | 2025-12-15      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2018-TBR              | CUSIP: 17326MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $292125.30    | 0.66%             | 2036-12-15      | Floating      | 3.65%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-4 Mortgage Loan Trust                           | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    437131 | PA      | $360002.42    | 0.81%             | 2066-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2020-2 Mortgage Loan Trust                           | CUSIP: 19688JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     28292 | PA      | $27768.97     | 0.06%             | 2065-03-25      | Variable      | 1.85%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co.                            | CUSIP: 42824CBG3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    120000 | PA      | $119531.64    | 0.27%             | 2023-10-02      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot, Inc.                                          | CUSIP: 437076CR1<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39390.36     | 0.09%             | 2025-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2020-2 Owner Trust                 | CUSIP: 43813DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    221407 | PA      | $220391.63    | 0.50%             | 2024-07-15      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                   | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216507.60    | 0.49%             | 2023-09-18      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2021-B            | CUSIP: 44891VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $487829.00    | 1.10%             | 2024-06-17      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2022-C            | CUSIP: 448978AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $348651.10    | 0.78%             | 2025-01-15      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2022-B            | CUSIP: 44934LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $345770.95    | 0.78%             | 2024-10-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange, Inc.                           | CUSIP: 45866FAT1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217734.75    | 0.49%             | 2025-05-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                    | Rad CLO 3 Ltd.                                            | CUSIP: 48661WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492230.00    | 1.11%             | 2032-04-15      | Floating      | 3.99%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                          | CUSIP: 494550BM7<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149327.40    | 0.34%             | 2023-02-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos., Inc.                                         | CUSIP: 548661DT1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220699.13    | 0.50%             | 2025-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos., Inc.                                         | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19709.44     | 0.04%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance LLC 2022-A                         | CUSIP: 55317RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $343274.40    | 0.77%             | 2025-02-13      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XI Ltd.                              | CUSIP: 55818KAV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    243814 | PA      | $239968.53    | 0.54%             | 2029-07-23      | Floating      | 3.68%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXXIII Ltd.                          | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $491750.65    | 1.11%             | 2032-10-15      | Floating      | 3.62%                 | Yes           |                  2 | On Loan: No      |
| Signal Peak CLO, LLC           | Mariner CLO 2016-3 LLC                                    | CUSIP: 56845AAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $244169.85    | 0.55%             | 2029-07-23      | Floating      | 4.28%                 | Yes           |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC         | Marvell Technology, Inc.                                  | CUSIP: 573874AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $199470.80    | 0.45%             | 2023-06-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                 | McCormick & Co., Inc.                                     | CUSIP: 579780AM9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217473.98    | 0.49%             | 2024-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp.                                          | CUSIP: 58013MEU4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    170000 | PA      | $163482.88    | 0.37%             | 2025-05-26      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                  | McKesson Corp.                                            | CUSIP: 58155QAG8<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248393.25    | 0.56%             | 2023-03-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                 | Microsoft Corp.                                           | CUSIP: 594918AT1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148485.30    | 0.33%             | 2023-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance LLC 2020-A                         | CUSIP: 60700MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    225668 | PA      | $222454.34    | 0.50%             | 2024-04-09      | Fixed         | 0.74%                 | Yes           |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE       | Mondelez International Holdings Netherlands B.V.          | CUSIP: 60920LAQ7<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $229374.75    | 0.52%             | 2024-09-24      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| MOODY'S CORPORATION            | Moody's Corp.                                             | CUSIP: 615369AS4<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218637.68    | 0.49%             | 2025-03-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Newark BSL CLO 1 Ltd.          | Newark BSL CLO 1 Ltd.                                     | CUSIP: 65023TAJ1<br>LEI: 549300R0C043JWD1XY94 | Long             | ABS-CBDO         | CORP              | KY        |    487061 | PA      | $482263.07    | 1.08%             | 2029-12-21      | Floating      | 3.87%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings, Inc.                     | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297285.90    | 0.67%             | 2023-11-03      | Floating      | 2.78%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2019-B Owner Trust                | CUSIP: 65479HAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37062 | PA      | $37093.57     | 0.08%             | 2023-11-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2019-C Owner Trust                | CUSIP: 65479JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    144122 | PA      | $143590.38    | 0.32%             | 2024-07-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2020-A Owner Trust                | CUSIP: 65479MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    456287 | PA      | $449451.64    | 1.01%             | 2024-12-16      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                    | NVIDIA Corp.                                              | CUSIP: 67066GAK0<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    275000 | PA      | $267501.03    | 0.60%             | 2023-06-15      | Fixed         | 0.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2021-NQM2 Trust                                       | CUSIP: 670857AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    198795 | PA      | $164176.55    | 0.37%             | 2061-05-25      | Variable      | 1.10%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP CLO 2014-7 Ltd.                                       | CUSIP: 67107KAZ9<br>LEI: 254900NUK1R46EK6YF62 | Long             | ABS-CBDO         | CORP              | KY        |   1675476 | PA      | $1656843.59   | 3.73%             | 2029-07-20      | Floating      | 3.83%                 | Yes           |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-13

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Terrance P. Gallagher

**Name of Signer:** Terrance P. Gallagher

**Title:** Assistant Vice President