# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0001398344-25-021335
**Filing Date:** 2025-11
**Character Count:** 30334
**Document Hash:** 09ebfb0c0de7dc6ca719049efca2bf8e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001398344-25-021335.hdr.sgml**: 20251126

**ACCESSION NUMBER**: 0001398344-25-021335

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251126

**DATE AS OF CHANGE**: 20251126

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 251530746

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

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

## Series and Classes Contracts Data

### Prospector Capital Appreciation Fund (Series ID: S000086387)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000251894 | Prospector Capital Appreciation Fund | PCAFX           |

## Nport-Ex

**Prospector Capital Appreciation Fund**

**Schedule of Investments**

**September 30, 2025 (Unaudited)**

---

| | | |
|:---|:---|:---|
| **COMMON STOCKS - 74.1%** | **Shares** | **Value** |
| **Banks - 9.9%** | **Banks - 9.9%** | |
| Ameris Bancorp | 11507 | $843578 |
| First National Bank | 45600 | 734616 |
| KeyCorp | 25500 | 476595 |
| PNC Financial Services Group | 3455 | 694213 |
| Prosperity Bancshares | 10530 | 698666 |
| SouthState | 9668 | 955875 |
|  |  | 4403543 |
| **Communication Services - 2.1%** |  |  |
| Alphabet, Inc. - Class A | 3830 | 931073 |
| **Consumer Discretionary - 2.3%** |  |  |
| Darden Restaurants | 3345 | 636754 |
| Texas Roadhouse | 2355 | 391283 |
|  |  | 1028037 |
| **Consumer Staples - 5.2%** |  |  |
| Church & Dwight | 3430 | 300571 |
| Colgate-Palmolive | 5190 | 414889 |
| Kenvue | 29150 | 473104 |
| Mondelez International - Class A | 6254 | 390687 |
| Nomad Foods | 25564 | 336167 |
| Simply Good Foods Co. <sup>(a)</sup> | 16547 | 410697 |
|  |  | 2326115 |
| **Diversified Financial Services - 2.0%** |  |  |
| Fidelity National Information Services | 8775 | 578624 |
| MarketAxess Holdings, Inc. | 1881 | 327764 |
|  |  | 906388 |
| **Energy - 5.7%** |  |  |
| Chevron | 6044 | 938573 |
| Exxon Mobil | 8141 | 917897 |
| Permian Resources | 23900 | 305920 |
| Suncor Energy | 8500 | 355385 |
|  |  | 2517775 |
| **Health Care - 8.0%** |  |  |
| Abbott Laboratories | 7135 | 955662 |
| AstraZeneca - ADR | 5585 | 428481 |
| Hologic <sup>(a)</sup> | 6907 | 466153 |
| Johnson & Johnson | 2545 | 471894 |
| Merck & Co. | 9625 | 807826 |
| Option Care Health <sup>(a)</sup> | 15755 | 437359 |
|  |  | 3567375 |
| **Industrials - 12.1%** |  |  |
| Booz Allen Hamilton Holding Corp. | 3269 | 326737 |
| CACI International - Class A <sup>(a)</sup> | 1139 | 568110 |
| Curtiss-Wright | 980 | 532081 |
| Eaton | 4768 | 1784424 |
| Honeywell International | 2245 | 472573 |
| Paychex | 2116 | 268224 |
| Pentair | 6940 | 768674 |
| Raytheon Technologies | 3950 | 660954 |
|  |  | 5381777 |
| **Information Technology - 5.8%** |  |  |
| Applied Materials | 2060 | 421764 |
| Littelfuse | 2798 | 724710 |
| Microsoft | 1310 | 678514 |

---

---

| | | |
|:---|:---|:---|
| Trimble <sup>(a)</sup> | 8947 | 730523 |
|  |  | 2555511 |
| **Insurance Brokers - 3.8%** |  |  |
| Arthur J. Gallagher & Co. | 2115.0 | 655100 |
| Brown & Brown | 11040.0 | 1035442 |
|  |  | 1690542 |
| **Life & Health Insurance - 4.3%** |  |  |
| Globe Life | 8756.0 | 1251845 |
| Unum Group | 8371.0 | 651097 |
|  |  | 1902942 |
| **Materials - 0.9%** |  |  |
| PPG Industries | 3608.0 | 379237 |
| **Property & Casualty Insurance - 6.5%** |  |  |
| Fairfax Financial Holdings | 680.0 | 1188824 |
| First American Financial | 8850.0 | 568524 |
| Progressive | 1545.0 | 381538 |
| White Mountains Insurance Group | 433.0 | 723768 |
|  |  | 2862654 |
| **Real Estate - 3.4%** |  |  |
| Four Corners Property Trust | 15625.0 | 381250 |
| Howard Hughes Holdings <sup>(a)</sup> | 5081.0 | 417506 |
| St Joe Co. | 14500.0 | 717460 |
|  |  | 1516216 |
| **Reinsurance - 2.1%** |  |  |
| Everest Re Group | 2693.0 | 943169 |
| **TOTAL COMMON STOCKS** (Cost $22,707,409) |  | 32912354 |

---

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE BONDS - 18.4%** | **Par** | **Value** |
| **Health Care - 4.7%** | **Health Care - 4.7%** | **Health Care - 4.7%** |
| BioMarin Pharmaceutical, 1.25%, 05/15/2027 | 793000 | 751764 |
| Halozyme Therapeutics, 1.00%, 08/15/2028 | 940000 | 1320700 |
|  |  | 2072464 |
| **Industrials - 2.1%** | **Industrials - 2.1%** | **Industrials - 2.1%** |
| Parsons, 2.63%, 03/01/2029 | 798000 | 909720 |
| **Information Technology - 11.6%** | **Information Technology - 11.6%** | **Information Technology - 11.6%** |
| Akamai Technologies, 0.38%, 09/01/2027 | 1125000 | 1076063 |
| Alarm.com Holdings, 2.25%, 06/01/2029 | 1218000 | 1168062 |
| Dropbox, 0.00%, 03/01/2028 <sup>(b)</sup> | 1115000 | 1150680 |
| ON Semiconductor | ON Semiconductor | ON Semiconductor |
| &nbsp;&nbsp;&nbsp;0.00%, 05/01/2027 <sup>(b)</sup> | 159000 | 180942 |
| &nbsp;&nbsp;&nbsp;0.50%, 03/01/2029 | 872000 | 804569 |
| Verint Systems, 0.25%, 04/15/2026 | 799000 | 781022 |
|  |  | 5161338 |
| **TOTAL CONVERTIBLE BONDS** (Cost $7,691,443) |  | 8143522 |

---

---

| | | |
|:---|:---|:---|
| **EXCHANGE TRADED FUNDS - 1.2%** | **Shares** | **Value** |
| Aberdeen Standard Physical Platinum Shares Fund<sup>(a)</sup> | 3820 | 545802 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $336,872) |  | 545802 |
| **SHORT-TERM INVESTMENTS** |  |  |

---

---

| | | |
|:---|:---|:---|
| **MONEY MARKET FUNDS - 6.3%** | **Shares** | **Value** |
| First American Treasury Obligations Fund - Class X, 4.02%<sup>(c)</sup> | 2803703 | 2803703 |
| **TOTAL MONEY MARKET FUNDS** (Cost $2,803,703) |  | 2803703 |
| **TOTAL INVESTMENTS - 100.0%** (Cost $33,539,427) |  | 44405381 |
| Other Assets in Excess of Liabilities - 0.0% |  | 19808 |
| **TOTAL NET ASSETS - 100.0%** |  | $44425189 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS® is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services.

ADR - American Depositary Receipt

&nbsp;&nbsp;&nbsp;&nbsp;(a) Non-income
producing security.

&nbsp;&nbsp;&nbsp;&nbsp;(b) Zero
coupon bonds make no periodic interest payments.

&nbsp;&nbsp;&nbsp;&nbsp;(c) The
rate shown represents the 7-day annualized yield as of September 30, 2025.

&nbsp;&nbsp;&nbsp;&nbsp;(d) Represents
less than 0.05% of net assets.

**Summary of Fair Value Disclosure as of September 30, 2025 (Unaudited)**

Prospector Capital Appreciation Fund (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 September 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;Common Stocks | $32912354 | $– | $– | $32912354 |
| &nbsp;&nbsp;&nbsp;Convertible Bonds |  | 8143522 |  | 8143522 |
| &nbsp;&nbsp;&nbsp;Exchange Traded Funds | 545802 |  |  | 545802 |
| &nbsp;&nbsp;&nbsp;Money Market Funds | 2803703 | – | – | 2803703 |
| Total Investments | $36261859 | $8143522 | $– | $44405381 |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Portfolio Series

- **b. Investment Company Act file number:** 811-22525

- **c. CIK number of Registrant:** 0001511699

- **d. LEI of Registrant:** 254900SQ3GG01NP4WM65

- **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

  - **Telephone number:** 414-516-1712

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

- **a. Name of Series:** Prospector Capital Appreciation Fund

- **b. EDGAR series identifier (if any):** S000086387

- **c. LEI of Series:** 5299003NQ4G9UOHZ5109

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

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

- **b. Date as of which information is reported:** 2025-09-30

**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:** $44472035.95

**Total Liabilities:** $46849.36

**Net Assets:** $44425186.59

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000251894 | -0.34%               | 1.60%                | 0.56%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $39576.76                | $-227333.33                                |
| Month 2  | $-65136.72               | $715163.48                                 |
| Month 3  | $495083.22               | $-253226.62                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                        | Common Stock      | CUSIP: 002824100<br>LEI: N/A | Long             | EC               | CORP              | US        |      7135 | NS      | $955661.90    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Physical Platinum Shares ETF         | ETF               | CUSIP: 003260106<br>LEI: N/A | Long             | EC               | RF                | US        |      3820 | NS      | $545801.60    | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Akamai Technologies Inc                    | Convertible Bond  | CUSIP: 00971TAL5<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1125000 | PA      | $1076062.50   | 2.42%             | 2027-09-01      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| Alarm.com Holdings Inc                     | Convertible Bond  | CUSIP: 011642AD7<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1218000 | PA      | $1168062.00   | 2.63%             | 2029-06-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                               | Common Stock      | CUSIP: 02079K305<br>LEI: N/A | Long             | EC               | CORP              | US        |      3830 | NS      | $931073.00    | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameris Bancorp                             | Common Stock      | CUSIP: 03076K108<br>LEI: N/A | Long             | EC               | CORP              | US        |     11507 | NS      | $843578.17    | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc                      | Common Stock      | CUSIP: 038222105<br>LEI: N/A | Long             | EC               | CORP              | US        |      2060 | NS      | $421764.40    | 0.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co                    | Common Stock      | CUSIP: 363576109<br>LEI: N/A | Long             | EC               | CORP              | US        |      2115 | NS      | $655100.10    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                            | Common Stock      | CUSIP: 046353108<br>LEI: N/A | Long             | EC               | CORP              | GB        |      5585 | NS      | $428481.20    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| BioMarin Pharmaceutical Inc                | Convertible Bond  | CUSIP: 09061GAK7<br>LEI: N/A | Long             | DBT              | CORP              | US        |    793000 | PA      | $751764.00    | 1.69%             | 2027-05-15      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| Booz Allen Hamilton Holding Corp           | Common Stock      | CUSIP: 099502106<br>LEI: N/A | Long             | EC               | CORP              | US        |      3269 | NS      | $326736.55    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc                          | Common Stock      | CUSIP: 115236101<br>LEI: N/A | Long             | EC               | CORP              | US        |     11040 | NS      | $1035441.60   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| CACI International Inc                     | Common Stock      | CUSIP: 127190304<br>LEI: N/A | Long             | EC               | CORP              | US        |      1139 | NS      | $568110.42    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                               | Common Stock      | CUSIP: 166764100<br>LEI: N/A | Long             | EC               | CORP              | US        |      6044 | NS      | $938572.76    | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co Inc                     | Common Stock      | CUSIP: 171340102<br>LEI: N/A | Long             | EC               | CORP              | US        |      3430 | NS      | $300570.90    | 0.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co                       | Common Stock      | CUSIP: 194162103<br>LEI: N/A | Long             | EC               | CORP              | US        |      5190 | NS      | $414888.60    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Curtiss-Wright Corp                        | Common Stock      | CUSIP: 231561101<br>LEI: N/A | Long             | EC               | CORP              | US        |       980 | NS      | $532081.20    | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc                     | Common Stock      | CUSIP: 237194105<br>LEI: N/A | Long             | EC               | CORP              | US        |      3345 | NS      | $636754.20    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Dropbox Inc                                | Convertible Bond  | CUSIP: 26210CAD6<br>LEI: N/A | Long             | DBT              | CORP              | US        |   1115000 | PA      | $1150680.00   | 2.59%             | 2028-03-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Eaton Corp PLC                             | Common Stock      | CUSIP: G29183103<br>LEI: N/A | Long             | EC               | CORP              | IE        |      4768 | NS      | $1784424.00   | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd                          | Common Stock      | CUSIP: G3223R108<br>LEI: N/A | Long             | EC               | CORP              | BM        |      2693 | NS      | $943169.39    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp                           | Common Stock      | CUSIP: 30231G102<br>LEI: N/A | Long             | EC               | CORP              | US        |      8141 | NS      | $917897.75    | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Fairfax Financial Holdings Ltd             | Common Stock      | CUSIP: 303901102<br>LEI: N/A | Long             | EC               | CORP              | CA        |       680 | NS      | $1188823.60   | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services Inc | Common Stock      | CUSIP: 31620M106<br>LEI: N/A | Long             | EC               | CORP              | US        |      8775 | NS      | $578623.50    | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Financial Corp              | Common Stock      | CUSIP: 31847R102<br>LEI: N/A | Long             | EC               | CORP              | US        |      8850 | NS      | $568524.00    | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obligations Fund   | Money Market Fund | CUSIP: 31846V328<br>LEI: N/A | Long             | STIV             | RF                | US        |   2803703 | NS      | $2803703.45   | 6.31%             |  |  |  | No            |                  1 | On Loan: No      |
| FNB Corp/PA                                | Common Stock      | CUSIP: 302520101<br>LEI: N/A | Long             | EC               | CORP              | US        |     45600 | NS      | $734616.00    | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Four Corners Property Trust Inc            | REIT              | CUSIP: 35086T109<br>LEI: N/A | Long             | EC               | CORP              | US        |     15625 | NS      | $381250.00    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                             | Common Stock      | CUSIP: 37959E102<br>LEI: N/A | Long             | EC               | CORP              | US        |      8756 | NS      | $1251845.32   | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Halozyme Therapeutics Inc                  | Convertible Bond  | CUSIP: 40637HAF6<br>LEI: N/A | Long             | DBT              | CORP              | US        |    940000 | PA      | $1320700.00   | 2.97%             | 2028-08-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| Hologic Inc                                | Common Stock      | CUSIP: 436440101<br>LEI: N/A | Long             | EC               | CORP              | US        |      6907 | NS      | $466153.43    | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Honeywell International Inc                | Common Stock      | CUSIP: 438516106<br>LEI: N/A | Long             | EC               | CORP              | US        |      2245 | NS      | $472572.50    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc                 | Common Stock      | CUSIP: 44267T102<br>LEI: N/A | Long             | EC               | CORP              | US        |      5081 | NS      | $417505.77    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                          | Common Stock      | CUSIP: 478160104<br>LEI: N/A | Long             | EC               | CORP              | US        |      2545 | NS      | $471893.90    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                                 | Common Stock      | CUSIP: 49177J102<br>LEI: N/A | Long             | EC               | CORP              | US        |     29150 | NS      | $473104.50    | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| KeyCorp                                    | Common Stock      | CUSIP: 493267108<br>LEI: N/A | Long             | EC               | CORP              | US        |     25500 | NS      | $476595.00    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Littelfuse Inc                             | Common Stock      | CUSIP: 537008104<br>LEI: N/A | Long             | EC               | CORP              | US        |      2798 | NS      | $724709.98    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc                   | Common Stock      | CUSIP: 57060D108<br>LEI: N/A | Long             | EC               | CORP              | US        |      1881 | NS      | $327764.25    | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                             | Common Stock      | CUSIP: 58933Y105<br>LEI: N/A | Long             | EC               | CORP              | US        |      9625 | NS      | $807826.25    | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                             | Common Stock      | CUSIP: 594918104<br>LEI: N/A | Long             | EC               | CORP              | US        |      1310 | NS      | $678514.50    | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc                 | Common Stock      | CUSIP: 609207105<br>LEI: N/A | Long             | EC               | CORP              | US        |      6254 | NS      | $390687.38    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Nomad Foods Ltd                            | Common Stock      | CUSIP: G6564A105<br>LEI: N/A | Long             | EC               | CORP              | VG        |     25564 | NS      | $336166.60    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ON Semiconductor Corp                      | Convertible Bond  | CUSIP: 682189AU9<br>LEI: N/A | Long             | DBT              | CORP              | US        |    872000 | PA      | $804569.20    | 1.81%             | 2029-03-01      | Fixed         | 0.50%                 | No            |                  2 | On Loan: No      |
| ON Semiconductor Corp                      | Convertible Bond  | CUSIP: 682189AS4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    159000 | PA      | $180942.00    | 0.41%             | 2027-05-01      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Option Care Health Inc                     | Common Stock      | CUSIP: 68404L201<br>LEI: N/A | Long             | EC               | CORP              | US        |     15755 | NS      | $437358.80    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Parsons Corp                               | Convertible Bond  | CUSIP: 70202LAD4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    798000 | PA      | $909720.00    | 2.05%             | 2029-03-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| Paychex Inc                                | Common Stock      | CUSIP: 704326107<br>LEI: N/A | Long             | EC               | CORP              | US        |      2116 | NS      | $268224.16    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Pentair PLC                                | Common Stock      | CUSIP: G7S00T104<br>LEI: N/A | Long             | EC               | RF                | IE        |      6940 | NS      | $768674.40    | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| Permian Resources Corp                     | Common Stock      | CUSIP: 71424F105<br>LEI: N/A | Long             | EC               | CORP              | US        |     23900 | NS      | $305920.00    | 0.69%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc/The       | Common Stock      | CUSIP: 693475105<br>LEI: N/A | Long             | EC               | CORP              | US        |      3455 | NS      | $694213.15    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PPG Industries Inc                         | Common Stock      | CUSIP: 693506107<br>LEI: N/A | Long             | EC               | CORP              | US        |      3608 | NS      | $379236.88    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The                       | Common Stock      | CUSIP: 743315103<br>LEI: N/A | Long             | EC               | CORP              | US        |      1545 | NS      | $381537.75    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Prosperity Bancshares Inc                  | Common Stock      | CUSIP: 743606105<br>LEI: N/A | Long             | EC               | CORP              | US        |     10530 | NS      | $698665.50    | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                                   | Common Stock      | CUSIP: 75513E101<br>LEI: N/A | Long             | EC               | CORP              | US        |      3950 | NS      | $660953.50    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Simply Good Foods Co/The                   | Common Stock      | CUSIP: 82900L102<br>LEI: N/A | Long             | EC               | CORP              | US        |     16547 | NS      | $410696.54    | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHSTATE BK CORP                         | Common Stock      | CUSIP: 84472E102<br>LEI: N/A | Long             | EC               | CORP              | US        |      9668 | NS      | $955875.16    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| St Joe Co/The                              | Common Stock      | CUSIP: 790148100<br>LEI: N/A | Long             | EC               | CORP              | US        |     14500 | NS      | $717460.00    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc                          | Common Stock      | CUSIP: 867224107<br>LEI: N/A | Long             | EC               | CORP              | CA        |      8500 | NS      | $355385.00    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Roadhouse Inc                        | Common Stock      | CUSIP: 882681109<br>LEI: N/A | Long             | EC               | CORP              | US        |      2355 | NS      | $391283.25    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Trimble Inc                                | Common Stock      | CUSIP: 896239100<br>LEI: N/A | Long             | EC               | CORP              | US        |      8947 | NS      | $730522.55    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Unum Group                                 | Common Stock      | CUSIP: 91529Y106<br>LEI: N/A | Long             | EC               | CORP              | US        |      8371 | NS      | $651096.38    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Verint Systems Inc                         | Convertible Bond  | CUSIP: 92343XAC4<br>LEI: N/A | Long             | DBT              | CORP              | US        |    799000 | PA      | $781022.50    | 1.76%             | 2026-04-15      | Fixed         | 0.25%                 | No            |                  2 | On Loan: No      |
| White Mountains Insurance Group Ltd        | Common Stock      | CUSIP: G9618E107<br>LEI: N/A | Long             | EC               | CORP              | BM        |       433 | NS      | $723768.16    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-26

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Benjamin Eirich

**Title:** Treasurer