# EDGAR Filing Document

**Accession Number:** 0001970751
**File Stem:** 0000894189-25-006613
**Filing Date:** 2025-8
**Character Count:** 22861
**Document Hash:** 53fccdaf14870d4926043bdf12f7b7c3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-006613.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0000894189-25-006613

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Advisor Managed Portfolios
- **CENTRAL INDEX KEY:** 0001970751

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23859
- **FILM NUMBER:** 251280245

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** (626) 914-7385

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Regan Fixed Rate MBS ETF (Series ID: S000091134)

| Class ID   | Class Name               | Ticker Symbol   |
|:---|:---|:---|
| C000258532 | Regan Fixed Rate MBS ETF | MBSX            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **AGENCY MORTGAGE-BACKED SECURITIES - 54.4%** | **Par** | **Value** |
| Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. | Federal Home Loan Mortgage Corp. |
| &nbsp;&nbsp; Series 4094, Class ME, 2.50%, 08/15/2042 | 101604 | $90459 |
| &nbsp;&nbsp; Series 4096, Class HA, 2.00%, 12/15/2041 | 244322 | 224752 |
| &nbsp;&nbsp; Series 4183, Class ME, 2.00%, 02/15/2042 | 106826 | 102784 |
| &nbsp;&nbsp; Series 4550, Class DA, 3.00%, 03/15/2044 | 139124 | 135878 |
| &nbsp;&nbsp; Series 4705, Class MG, 2.50%, 07/15/2047 <sup>(a)</sup> | 761432 | 621281 |
| &nbsp;&nbsp; Series 5124, Class DH, 2.00%, 01/25/2048 | 96139 | 82800 |
| Federal National Mortgage Association | Federal National Mortgage Association | Federal National Mortgage Association |
| &nbsp;&nbsp; Series 2011-111, Class ME, 4.00%, 11/25/2041 <sup>(a)</sup> | 72513 | 65624 |
| &nbsp;&nbsp; Series 2012-19, Class HB, 4.00%, 01/25/2042 <sup>(a)</sup> | 66252 | 62691 |
| &nbsp;&nbsp; Series 2013-54, Class PC, 1.10%, 05/25/2043 | 401604 | 345492 |
| &nbsp;&nbsp; Series 2013-58, Class KG, 2.50%, 02/25/2043 | 308149 | 282951 |
| &nbsp;&nbsp; Series 2017-53, Class PA, 2.00%, 07/25/2047 | 605834 | 506685 |
| &nbsp;&nbsp; Series 2019-40, Class PD, 2.50%, 07/25/2049 | 283329 | 241127 |
| &nbsp;&nbsp; Series 2020-15, Class EC, 2.50%, 10/25/2049 | 351577 | 307286 |
| &nbsp;&nbsp; Series 2020-48, Class DA, 2.00%, 07/25/2050 | 315605 | 265577 |
| &nbsp;&nbsp; Series 2021-30, Class NC, 1.50%, 03/25/2048 | 178733 | 157764 |
| &nbsp;&nbsp; Series 2021-56, Class YA, 1.50%, 02/25/2051 | 734471 | 612483 |
| &nbsp;&nbsp; Series 2021-58, Class KC, 1.50%, 04/25/2051 | 587252 | 498013 |
| Government National Mortgage Association | Government National Mortgage Association | Government National Mortgage Association |
| &nbsp;&nbsp; Series 2019-86, Class WC, 2.00%, 03/20/2049 <sup>(a)</sup> | 90286 | 74204 |
| &nbsp;&nbsp; Series 2021-73, Class YK, 1.25%, 04/20/2051 | 703757 | 544353 |
| &nbsp;&nbsp; Series 2021-76, Class NC, 1.00%, 08/20/2050 | 916286 | 699791 |
| **TOTAL AGENCY MORTGAGE-BACKED SECURITIES** (Cost $5,779,837) | **TOTAL AGENCY MORTGAGE-BACKED SECURITIES** (Cost $5,779,837) | 5921995 |
| **SHORT-TERM INVESTMENTS - 48.0%** |  | **Value**  |
| **Money Market Funds - 4.5%** | **<u>Shares</u>** |  |
| First American Treasury Obligations Fund - Class X, 4.22% <sup>(b)</sup> | 495486 | 495487 |
| **U.S. Treasury Bills - 43.5%** | **<u>Par</u>** |  |
| 4.17%, 07/24/2025 <sup>(c)</sup> | 750000 | 748003 |
| 4.22%, 07/31/2025 <sup>(c)</sup> | 4000000 | 3986154 |
|  |  | 4734157 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $5,229,486) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $5,229,486) | 5229644 |
| **TOTAL INVESTMENTS - 102.4% (**Cost $11,009,323**)** | **TOTAL INVESTMENTS - 102.4% (**Cost $11,009,323**)** | 11151639 |
| Liabilities in Excess of Other Assets - (2.4)% | Liabilities in Excess of Other Assets - (2.4)% | (258003) |
| **TOTAL NET ASSETS - 100.0%** |  | $10893636 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

(a) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $749,596 or 6.9% of net assets as of June 30, 2025.

(b) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

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

------

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** | **Regan Fixed Rate MBS ETF** |
| **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** | **Schedule of Futures Contracts** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **Description** | **Contracts Sold** | **Expiration Date** | **Notional Value** | **Value / Unrealized Appreciation** <br> **Depreciation)** |
| &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury 5 Year Note | (30) | 09/30/2025 | $3270000 | $(2445) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(2445) |

---

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
Regan Fixed Rate MBS ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Agency Mortgage-Backed Securities | – | 5172399 | 749596 | 5921995 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 495487 | – | – | 495487 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 4734157 | – | 4734157 |
| Total Investments | 495487 | 9906556 | 749596 | 11151639 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Futures Contracts\* | (2445) | – | – | (2445) |
| Total Other Financial Instruments | (2445) | – | – | (2445) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| | |
|:---|:---|
| **Fair Value Measurement Using Significant Unobservable Inputs** | **<u>Level 3</u>** |
| Beginning balance as of April 30, 2025 | $0 |
| Purchases | 758946 |
| Accrued discounts/premiums | 1346 |
| Sale/paydown proceeds | (10205) |
| Realized gain/loss | 852 |
| Ending balance as of June 30, 2025 | $749596 |
|  | $0 |
| Change in unrealized appreciation / depreciation still held as of June 30, 2025 | $(1343) |
|  | 0 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Advisor Managed Portfolios

- **b. Investment Company Act file number:** 811-23859

- **c. CIK number of Registrant:** 0001970751

- **d. LEI of Registrant:** 529900AK253W8LJALD89

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202-5210

  - **Telephone number:** 4142873700

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

- **a. Name of Series:** Regan Fixed Rate MBS ETF

- **b. EDGAR series identifier (if any):** S000091134

- **c. LEI of Series:** 529900E34KKMYQQ8ND51

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

- **a. Date of fiscal year-end:** 2025-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $11208757.53

**Total Liabilities:** $315116.59

**Net Assets:** $10893640.94

**Cash Not Reported:** $42998.18

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 19.930770000000 | **1-Year:** 11.481428000000 | **5-Year:** 96.016635000000 | **10-Year:** 1734.067486000000 | **30-Year:** 1304.842162000000

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

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

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000258532 | 0.00%                | 1.46%                | 1.22%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $0.00                                      |
| Month 2  | $1.02                    | $75619.11                                  |
| Month 3  | $17132.55                | $66701.41                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                    | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136AW4U8<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    605834 | PA      | $506684.84    | 4.65%             | 2047-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137H1FS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |     96139 | PA      | $82799.96     | 0.76%             | 2048-01-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association | CUSIP: 38381WK80<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |     90286 | PA      | $74204.15     | 0.68%             | 2049-03-20      | Fixed         | 2.00%                 | No            |                  3 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association | CUSIP: 38382RH76<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    703757 | PA      | $544353.22    | 5.00%             | 2051-04-20      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association | CUSIP: 38382RNQ7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    916286 | PA      | $699790.98    | 6.42%             | 2050-08-20      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136BF6G3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    178733 | PA      | $157763.39    | 1.45%             | 2048-03-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136BGYE5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    587252 | PA      | $498012.51    | 4.57%             | 2051-04-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137ATB92<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    244322 | PA      | $224752.22    | 2.06%             | 2041-12-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137B0DW1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    106826 | PA      | $102783.84    | 0.94%             | 2042-02-15      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136A2JE4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     72513 | PA      | $65624.30     | 0.60%             | 2041-11-25      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136AEVY0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    401604 | PA      | $345491.47    | 3.17%             | 2043-05-25      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136AELC9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    308149 | PA      | $282950.96    | 2.60%             | 2043-02-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136B4F78<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    283329 | PA      | $241127.18    | 2.21%             | 2049-07-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136B8U64<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    351577 | PA      | $307286.32    | 2.82%             | 2049-10-25      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136BGL66<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    734471 | PA      | $612483.12    | 5.62%             | 2051-02-25      | Fixed         | 1.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137F1ZS0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    761432 | PA      | $621281.12    | 5.70%             | 2047-07-15      | Fixed         | 2.50%                 | No            |                  3 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   1243408 | NS      | $1243407.68   | 11.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136A4MU0<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |     66252 | PA      | $62690.92     | 0.58%             | 2042-01-25      | Fixed         | 4.00%                 | No            |                  3 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137BMYV2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    139124 | PA      | $135877.97    | 1.25%             | 2044-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                       | CUSIP: 3137ASTQ7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |    101604 | PA      | $90459.27     | 0.83%             | 2042-08-15      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill              | CUSIP: 912797PG6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4000000 | PA      | $3986154.16   | 36.59%            | 2025-07-31      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| N/A                            | US 5YR NOTE (CBT) Sep25                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DIR              |  | US        |       -30 | NC      | $-2444.85     | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| Fannie Mae                     | Fannie Mae REMICS                        | CUSIP: 3136BATZ7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | USGSE             | US        |    315605 | PA      | $265577.21    | 2.44%             | 2050-07-25      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |

### Signature

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

**Name of Applicant:** Advisor Managed Portfolios

**Signature:** /s/ Eric T. McCormick

**Name of Signer:** Advisor Managed Portfolios

**Title:** Treasurer and Principal Financial Officer