# EDGAR Filing Document

**Accession Number:** 0001208252
**File Stem:** 0001752724-25-177711
**Filing Date:** 2025-7
**Character Count:** 51595
**Document Hash:** 601380f7c8cb66754de847291926e65b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-177711.hdr.sgml**: 20250725

**ACCESSION NUMBER**: 0001752724-25-177711

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250725

**DATE AS OF CHANGE**: 20250725

**PERIOD START**: 20260228

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CM ADVISORS FAMILY OF FUNDS
- **CENTRAL INDEX KEY:** 0001208252

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0228

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21260
- **FILM NUMBER:** 251149278

**BUSINESS ADDRESS:**
- **STREET 1:** 805 LAS CIMAS PARKWAY
- **STREET 2:** SUITE 305
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746
- **BUSINESS PHONE:** 5123290050

**MAIL ADDRESS:**
- **STREET 1:** 805 LAS CIMAS PARKWAY
- **STREET 2:** SUITE 305
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78746

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CM ADVISERS FAMILY OF FUNDS
- **DATE OF NAME CHANGE:** 20030505

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CENTURY MANAGEMENT FAMILY OF FUNDS
- **DATE OF NAME CHANGE:** 20021129

## Series and Classes Contracts Data

### CM Advisors Fixed Income Fund (Series ID: S000010534)

| Class ID   | Class Name                    | Ticker Symbol   |
|:---|:---|:---|
| C000029067 | CM Advisors Fixed Income Fund | CMFIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 10.5%** | **Shares** | **Value** |
| **Energy - 10.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas Equipment & Services - 10.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;PHI Group, Inc. (Cost $1,222,685) | &nbsp;&nbsp;113912 | &nbsp;&nbsp;$2733888 |
| **CORPORATE BONDS - 78.9%** | **Par Value** | **Value** |
| **Communication Services - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Alternative Carriers - 2.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Qwest Corporation, 7.250%, due 09/15/25 | &nbsp;&nbsp;$620000 | &nbsp;&nbsp;$620506 |
| **Consumer Discretionary - 9.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Apparel, Accessories & Luxury Goods - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Tapestry, Inc., 5.100%, due 03/11/30 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;99936 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Automobile Manufacturers - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Company, 4.346%, due 12/08/26 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;197176 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;General Motors Company, 5.600%, due 10/15/32 | &nbsp;&nbsp;303000 | &nbsp;&nbsp;301067 |
|  |  | &nbsp;&nbsp;498243 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Automotive Retail - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Advance Auto Parts, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.900%, due 03/09/26 | &nbsp;&nbsp;270000 | &nbsp;&nbsp;271412 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.950%, due 03/09/28 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;253904 |
|  |  | &nbsp;&nbsp;525316 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Distributors - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Genuine Parts Company, 4.950%, due 08/15/29 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;478882 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;LKQ Corporation, 6.250%, due 06/15/33 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;260128 |
|  |  | &nbsp;&nbsp;739010 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Hotels, Resorts & Cruise Lines - 0.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Royal Caribbean Cruises Ltd., 7.500%, due 10/15/27 | &nbsp;&nbsp;135000 | &nbsp;&nbsp;142495 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Leisure Products - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Polaris, Inc., 6.950%, due 03/15/29 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;518491 |
| **Consumer Staples - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Packaged Foods & Meats - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Conagra Brands, Inc., 7.000%, due 10/01/28 | &nbsp;&nbsp;65000 | &nbsp;&nbsp;69254 |
| **Energy - 12.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Integrated Oil & Gas - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Occidental Petroleum Corporation, 7.875%, due 09/15/31 | &nbsp;&nbsp;550000 | &nbsp;&nbsp;604774 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas Drilling - 1.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Helmerich & Payne, Inc., 2.900%, due 09/29/31 | &nbsp;&nbsp;550000 | &nbsp;&nbsp;448293 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas Exploration & Production - 2.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Continental Resources, Inc., 4.375%, due 01/15/28 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;440011 |

---

---

| | | |
|:---|:---|:---|
| **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** |
| **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** |
| **CORPORATE BONDS - 78.9% (Continued)** | **Par Value** | **Value** |
| **Energy - 12.2% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas Exploration & Production - 2.8% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Devon Energy Corporation, 7.950%, due 04/15/32 | &nbsp;&nbsp;$250000 | &nbsp;&nbsp;$281669 |
|  |  | &nbsp;&nbsp;721680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Oil & Gas Storage & Transportation - 5.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Sabine Pass Liquefaction, LLC, 5.875%, due 06/30/26 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;100598 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Southern Natural Gas Company, 8.000%, due 03/01/32 | &nbsp;&nbsp;350000 | &nbsp;&nbsp;390577 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Targa Resources Partners L.P., 6.875%, due 01/15/29 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;611518 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Western Gas Partners L.P., 4.650%, due 07/01/26 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;299088 |
|  |  | &nbsp;&nbsp;1401781 |
| **Financials - 13.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Banks - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Manufacturers & Traders Trust Company, 3.400%, due 08/17/27 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;242440 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Consumer Finance - 1.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ford Motor Credit Company, LLC, 6.950%, due 06/10/26 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;202217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;John Deere Capital Corporation, 4.945%, due 04/19/27 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;100178 |
|  |  | &nbsp;&nbsp;302395 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Banks - 6.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bank of America Corporation, 5.000%, due 03/13/30 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;199880 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;JPMorgan Chase & Company, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.100%, due 06/22/26 | &nbsp;&nbsp;650000 | &nbsp;&nbsp;623217 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.040%, due 01/23/28 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;453127 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, due 12/13/34 | &nbsp;&nbsp;425000 | &nbsp;&nbsp;429791 |
|  |  | &nbsp;&nbsp;1706015 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Investment Banking & Brokerage - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jefferies Financial Group, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, due 10/17/29 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;249595 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.150%, due 02/28/35 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;298729 |
|  |  | &nbsp;&nbsp;548324 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Property & Casualty Insurance - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fairfax Financial Holdings Ltd., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.300%, due 04/15/26 | &nbsp;&nbsp;382000 | &nbsp;&nbsp;392337 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.375%, due 03/03/31 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;91259 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Fidelity National Financial, Inc., 3.400%, due 06/15/30 | &nbsp;&nbsp;295000 | &nbsp;&nbsp;272138 |
|  |  | &nbsp;&nbsp;755734 |
| **Health Care - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Health Care Services - 1.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cigna Group (The), 5.125%, due 05/15/31 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;253944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Life Sciences Tools & Services - 1.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Illumina, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.800%, due 12/12/25 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;200668 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.750%, due 12/13/27 | &nbsp;&nbsp;150000 | &nbsp;&nbsp;152835 |
|  |  | &nbsp;&nbsp;353503 |
| **Industrials - 11.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Aerospace & Defense - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntington Ingalls Industries, Inc., 2.043%, due 08/16/28 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;184331 |

---

---

| | | |
|:---|:---|:---|
| **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** |
| **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** |
| **CORPORATE BONDS - 78.9% (Continued)** | **Par Value** | **Value** |
| **Industrials - 11.5% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Building Products - 2.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Masco Corporation, 7.750%, due 08/01/29 | &nbsp;&nbsp;$500000 | &nbsp;&nbsp;$552565 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Data Processing & Outsourced Services - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Concentrix Corporation, 6.600%, due 08/02/28 | &nbsp;&nbsp;210000 | &nbsp;&nbsp;220031 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electrical Components & Equipment - 0.3%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Eaton Corporation, 6.500%, due 06/01/25 | &nbsp;&nbsp;65000 | &nbsp;&nbsp;65000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Industrial Machinery & Supplies & Components - 2.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Stanley Black & Decker, Inc., 6.272%, due 03/06/26 | &nbsp;&nbsp;450000 | &nbsp;&nbsp;450073 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Timken Company (The), 4.500%, due 12/15/28 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;297324 |
|  |  | &nbsp;&nbsp;747397 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Research & Consulting Services - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Jacobs Engineering Group, Inc., 5.900%, due 03/01/33 | &nbsp;&nbsp;400000 | &nbsp;&nbsp;409843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Trading Companies & Distributors - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;United Rentals North America, Inc., |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.500%, due 05/15/27 | &nbsp;&nbsp;620000 | &nbsp;&nbsp;620289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.250%, due 01/15/30 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;198732 |
|  |  | &nbsp;&nbsp;819021 |
| **Information Technology - 9.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electronic Components - 2.0%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Corning, Inc., 7.250%, due 08/15/36 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;513441 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electronic Equipment & Instruments - 1.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Vontier Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.800%, due 04/01/26 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;243771 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.400%, due 04/01/28 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;187492 |
|  |  | &nbsp;&nbsp;431263 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**IT Consulting & Other Services - 0.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DXC Technology Company, 2.375%, due 09/15/28 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;228884 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Semiconductors - 4.6%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Intel Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.700%, due 07/29/25 | &nbsp;&nbsp;475000 | &nbsp;&nbsp;474172 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, due 02/10/26 | &nbsp;&nbsp;600000 | &nbsp;&nbsp;600310 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.875%, due 02/10/28 | &nbsp;&nbsp;120000 | &nbsp;&nbsp;120946 |
|  |  | &nbsp;&nbsp;1195428 |
| **Materials - 10.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Commodity Chemicals - 1.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Olin Corporation, 5.000%, due 02/01/30 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;473242 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Copper - 1.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Freeport-McMoRan, Inc., 9.500%, due 06/01/31 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;301289 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Chemicals - 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Celanese US Holdings, LLC, 6.415%, due 07/15/27 | &nbsp;&nbsp;191000 | &nbsp;&nbsp;195781 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dow Chemical Company (The), 7.375%, due 11/01/29 | &nbsp;&nbsp;140000 | &nbsp;&nbsp;154041 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Huntsman International, LLC, 4.500%, due 05/01/29 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;467477 |

---

---

| | | |
|:---|:---|:---|
| **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** |
| **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** |
| **CORPORATE BONDS - 78.9% (Continued)** | **Par Value** | **Value** |
| **Materials - 10.7% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Diversified Chemicals - 3.4% (Continued)** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Union Carbide Corporation, 7.500%, due 06/01/25 | &nbsp;&nbsp;$60000 | &nbsp;&nbsp;$60000 |
|  |  | &nbsp;&nbsp;877299 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Fertilizers & Agricultural Chemicals - 3.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;FMC Corporation, |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.150%, due 05/18/26 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;301898 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.450%, due 10/01/29 | &nbsp;&nbsp;300000 | &nbsp;&nbsp;276107 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.650%, due 05/18/33 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;240453 |
|  |  | &nbsp;&nbsp;818458 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Metal, Glass & Plastic Containers - 0.8%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Ball Corporation, 6.000%, due 06/15/29 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;203921 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Steel - 0.5%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Arcelormittal, 6.125%, due 06/01/25 | &nbsp;&nbsp;120000 | &nbsp;&nbsp;120000 |
| **Real Estate - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Retail REITs - 0.7%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Realty Income Corporation, 5.050%, due 01/13/26 | &nbsp;&nbsp;200000 | &nbsp;&nbsp;199585 |
| **Utilities - 6.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Electric Utilities - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exelon Corporation, 7.600%, due 04/01/32 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;564643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NextEra Energy Capital Holdings, Inc., 4.450%, due 06/20/25 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;500004 |
|  |  | &nbsp;&nbsp;1064647 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Independent Power Producers & Energy Traders - 1.9%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Constellation Energy Generation, LLC, 3.250%, due 06/01/25 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;500000 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**Multi-Utilities - 0.4%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wisconsin Energy Corporation, 3.550%, due 06/15/25 | &nbsp;&nbsp;100000 | &nbsp;&nbsp;99927 |
| **Total Corporate Bonds** (Cost $20,482,523) | **Total Corporate Bonds** (Cost $20,482,523) | &nbsp;&nbsp;$20577706 |
| **U.S. TREASURY OBLIGATIONS - 5.7%** | **Par Value** | **Value** |
| **U.S. Treasury Notes - 5.7%** | **U.S. Treasury Notes - 5.7%** |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.625%, due 06/30/25 | &nbsp;&nbsp;$500000 | &nbsp;&nbsp;$500059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.000%, due 10/31/25 | &nbsp;&nbsp;500000 | &nbsp;&nbsp;501164 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.250%, due 01/31/26 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;249906 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.500%, due 03/31/26 | &nbsp;&nbsp;250000 | &nbsp;&nbsp;250579 |
| **Total U.S. Treasury Obligations** (Cost $1,502,330) |  | &nbsp;&nbsp;$1501708 |

---

---

| | | |
|:---|:---|:---|
| **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** | **CM Advisors Fixed Income Fund** |
| **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** | **Schedule of Investments (Continued)** |
| **MONEY MARKET FUNDS - 2.4%** | **Shares** | **Value** |
| Allspring Treasury Plus Money Market Fund - Institutional Class, 4.17% <sup>(a)</sup> (Cost $617,164) | &nbsp;&nbsp;617164 | &nbsp;&nbsp;$617164 |
| **Total Investments at Value - 97.5%** (Cost $23,824,702) | **Total Investments at Value - 97.5%** (Cost $23,824,702) | &nbsp;&nbsp;$25430466 |
| **Other Assets in Excess of Liabilities - 2.5%** | **Other Assets in Excess of Liabilities - 2.5%** | &nbsp;&nbsp;649852 |
| **Net Assets - 100.0%** | **Net Assets - 100.0%** | &nbsp;&nbsp;$26080318 |

---

REIT – Real Estate Investment Trust

<sup>(a)</sup> The rate shown is the 7-day effective yield as of May 31, 2025.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** CM Advisors Family of Fund

- **b. Investment Company Act file number:** 811-21260

- **c. CIK number of Registrant:** 0001208252

- **d. LEI of Registrant:** 549300NV3WOOJ5JZLX26

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

  - **Street Address 1:** 805 Las Cimas Parkway

  - **City:** Austin

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78746

  - **Telephone number:** 512-329-0050

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

- **a. Name of Series:** CM ADVISORS FIXED INCOME FUND

- **b. EDGAR series identifier (if any):** S000010534

- **c. LEI of Series:** 549300HDMTXCZLRS6H63

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $26306555.88

**Total Liabilities:** $226237.79

**Net Assets:** $26080318.09

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 114.42823117 | **1-Year:** 1048.56373076 | **5-Year:** 2815.01143105 | **10-Year:** 892.08628747 | **30-Year:** 0.00000000

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

- **3-Month:** 28.82418802 | **1-Year:** 84.11837662 | **5-Year:** 106.88851588 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000029067 | 0.24%                | 0.45%                | 0.45%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6124.96                 | $-30388.98                                 |
| Month 2  | $0.00                    | $-100085.21                                |
| Month 3  | $0.00                    | $47448.45                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Eaton Corp.                                               | Eaton Corp Ohio Sr Glbl 6.5% Due 06/01/2025                   | CUSIP: 278058AQ5<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |     65000 | PA      | $65000.00     | 0.25%             | 2025-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                              | ILLUMINA INC GLBL NT 5.75% Due 12/13/2027                     | CUSIP: 452327AP4<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    150000 | PA      | $152835.05    | 0.59%             | 2027-12-13      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Stanley Black & Decker, Inc.                              | STANLEY BLACK & DECKER INC GLBL NT 6.272%, DUE 03/06/2026     | CUSIP: 854502AS0<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |    450000 | PA      | $450072.80    | 1.73%             | 2026-03-06      | Fixed         | 6.27%                 | No            |                  2 | On Loan: No      |
| Conagra Brands Inc                                        | Conagra Brands Inc SR NT 7.00% Due 10/01/2028                 | CUSIP: 205887AR3<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |     65000 | PA      | $69253.80     | 0.27%             | 2028-10-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                      | United Rentals (North America), Inc. 5.25%, Due 01/15/2030    | CUSIP: 911365BL7<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198731.72    | 0.76%             | 2030-01-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Celanese US Holdings Llc                                  | Celanese Us Hldgs Llc Cr Sen Sr Glbl 6.165% Due 7/15/27       | CUSIP: 15089QAM6<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |    191000 | PA      | $195781.13    | 0.75%             | 2027-07-15      | Fixed         | 6.17%                 | No            |                  2 | On Loan: No      |
| Royal Caribbean Group                                     | Royal Caribbean Cruises Ltd. 7.50%, DUE 10/15/2027            | CUSIP: 780153AG7<br>LEI: K2NEH8QNVW44JIWK7Z55 | Long             | DBT              | CORP              | US        |    135000 | PA      | $142495.20    | 0.55%             | 2027-10-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Southern Natural Gas Co LLC                               | Southern Nat Gas Co Sr Nt 8.0% Due 03/01/2032                 | CUSIP: 843452AZ6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    350000 | PA      | $390576.83    | 1.50%             | 2032-03-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| DXC Technology Company                                    | Dxc Technology Co Sr Glbl Nt 2.375% DUE 09/15/2028            | CUSIP: 23355LAM8<br>LEI: 549300DOVZ3EDJB7O259 | Long             | DBT              | CORP              | US        |    250000 | PA      | $228884.49    | 0.88%             | 2028-09-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Qwest Corporation                                         | QWEST CORP 7.25% 9/15/25                                      | CUSIP: 912920AK1<br>LEI: 549300R2L4N683OO1509 | Long             | DBT              | CORP              | US        |    620000 | PA      | $620505.92    | 2.38%             | 2025-09-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMorgan Chase & Company 5.04%, Due 01/23/2028                | CUSIP: 46647PEA0<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    450000 | PA      | $453127.09    | 1.74%             | 2028-01-23      | Fixed         | 5.04%                 | No            |                  2 | On Loan: No      |
| Ford Motor Credit Company LLC                             | Ford Motor Credit Company Sr Glbl Nt 6.95% Due 06/10/2026     | CUSIP: 345397D26<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |    200000 | PA      | $202216.99    | 0.78%             | 2026-06-10      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Corning Incorporated                                      | Corning, Inc. 7.25%, Due 08/15/2036                           | CUSIP: 219350AR6<br>LEI: 549300X2937PB0CJ7I56 | Long             | DBT              | CORP              | US        |    500000 | PA      | $513440.73    | 1.97%             | 2036-08-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Genuine Parts Co                                          | Genuine Parts Co Sr Nt 4.95% Due 08/15/2029                   | CUSIP: 372460AF2<br>LEI: 549300D46DQVEU651W04 | Long             | DBT              | CORP              | US        |    475000 | PA      | $478882.65    | 1.84%             | 2049-08-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corporation                                  | Devon Energy Corp New Sr Glbl 7.95% Due 04/15/2032            | CUSIP: 251799AA0<br>LEI: 54930042348RKR3ZPN35 | Long             | DBT              | CORP              | US        |    250000 | PA      | $281668.86    | 1.08%             | 2032-04-15      | Fixed         | 7.95%                 | No            |                  2 | On Loan: No      |
| Ford Motor Company                                        | Ford Motor Credit Company, LLC 4.346%, Due 12/08/2026         | CUSIP: 345370CR9<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197176.07    | 0.76%             | 2026-12-08      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Fidelity National Financial, Inc.                         | Fedelity National Information Services 3.40%, due 06/15/2030  | CUSIP: 31620RAJ4<br>LEI: 549300CAZYIH39SYQ287 | Long             | DBT              | CORP              | US        |    295000 | PA      | $272138.34    | 1.04%             | 2030-06-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc                             | Jefferies Financial Group Inc Fr 5.0% Due 10/17/2029          | CUSIP: 47233WHC6<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249594.39    | 0.96%             | 2029-10-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Continental Resources, Inc.                               | Continental Resources, Inc. 4.375%, Due 01/15/2028            | CUSIP: 212015AS0<br>LEI: XXRTID9RYWOZ0UPIVR53 | Long             | DBT              | CORP              | US        |    450000 | PA      | $440010.81    | 1.69%             | 2028-01-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                              | U.S. Treasury Notes 4.5%, Due 03/31/2026                      | CUSIP: 91282CKH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $250579.43    | 0.96%             | 2026-03-31      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                     | Wec Energy Group INC SR NT 3.55% Due 06/15/2025               | CUSIP: 976657AL0<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99926.70     | 0.38%             | 2025-06-15      | Fixed         | 3.55%                 | No            |                  2 | On Loan: No      |
| Vontier Corporation                                       | VONTIER CORPORATION SR GLBL 1.8%, DUE 04/01/2026              | CUSIP: 928881AB7<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243770.78    | 0.93%             | 2026-04-01      | Fixed         | 1.80%                 | No            |                  2 | On Loan: No      |
| ArcelorMittal S.A.                                        | Arcelormittal Sa Luxembourg SR GLBL NT 6.125% Due 06/01/2025  | CUSIP: 03938LAZ7<br>LEI: 2EULGUTUI56JI9SAL165 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120000.00    | 0.46%             | 2025-06-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| Jacobs Engineering Group Inc.                             | JACOBS ENGR GROUP INC SR GLBL NT 5.9%, DUE 03/01/2033         | CUSIP: 469814AA5<br>LEI: 549300CZ8QS1GE53O776 | Long             | DBT              | CORP              | US        |    400000 | PA      | $409842.97    | 1.57%             | 2033-03-01      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Realty Income Corporation                                 | Realty Income Corp Sr Glbl 5.05% Due 01/13/2026               | CUSIP: 756109BQ6<br>LEI: 549300CUWDAUZSH43859 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199584.78    | 0.77%             | 2026-01-13      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Union Carbide Corp.                                       | UNION CARBIDE CORP 7.50% 6/1/2025                             | CUSIP: 905581AR5<br>LEI: QE84C8O80MNLK8IFRL44 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60000.00     | 0.23%             | 2025-06-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Generation LLC                       | Constellation Energy Generati SR GLBL NT 3.25% Due 06/01/2025 | CUSIP: 30161MAS2<br>LEI: S2PEWKCZFFECR4533P43 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500000.00    | 1.92%             | 2025-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PHI Group Inc                                             | PHI GROUP, INC.                                               | CUSIP: 69360B104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    113912 | NS      | $2733888.00   | 10.48%            |  |  |  | No            |                  1 | On Loan: No      |
| Concentrix Corp.                                          | Concentrix Corp GLBL NT 6.6% Due 10/02/2028                   | CUSIP: 20602DAB7<br>LEI: 5493000EAJN1KMPVA737 | Long             | DBT              | CORP              | US        |    210000 | PA      | $220031.06    | 0.84%             | 2028-08-02      | Fixed         | 6.60%                 | No            |                  2 | On Loan: No      |
| Targa Resources Partners LP/Targa Resources Finance Corp. | Targa Res Partners / Sr Glbl Nt 6.875% Due 01/15/2029         | CUSIP: 87612BBN1<br>LEI: 6OQWTZ1SPC04IFT4T704 | Long             | DBT              | CORP              | US        |    600000 | PA      | $611517.66    | 2.34%             | 2029-01-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                         | Intel Corporation 4.875% due 02/10/28                         | CUSIP: 458140CE8<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    120000 | PA      | $120945.83    | 0.46%             | 2028-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Jefferies Financial Group Inc                             | Jefferies Financial Group Inc Fr 6.15% Due 02/28/2035         | CUSIP: 47233WJB6<br>LEI: 549300HOF34RGOJ5YL07 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298729.26    | 1.15%             | 2035-02-28      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| Polaris Inc.                                              | POLARIS INC SR NT 6.95%, DUE 03/15/2029                       | CUSIP: 731068AA0<br>LEI: 549300QJSN8UVWN1EI78 | Long             | DBT              | CORP              | US        |    500000 | PA      | $518490.77    | 1.99%             | 2029-03-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                         | Intel Corp. 4.875%, Due 02/10/2026                            | CUSIP: 458140CD0<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    600000 | PA      | $600310.29    | 2.30%             | 2026-02-10      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                   | Advance Auto Parts Inc Glbl NT 5.9%, Due 03/09/2026           | CUSIP: 00751YAH9<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    270000 | PA      | $271412.10    | 1.04%             | 2026-03-09      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| Helmerich & Payne Inc                                     | Helmerich & Payne, Inc. 2.90%, Due 09/29/2031                 | CUSIP: 423452AG6<br>LEI: 254900NAOGHJ88RZ4C73 | Long             | DBT              | CORP              | US        |    550000 | PA      | $448292.81    | 1.72%             | 2031-09-29      | Fixed         | 2.90%                 | No            |                  2 | On Loan: No      |
| Masco Corporation                                         | MASCO CORPORATION 7.75%, DUE 08/01/2029                       | CUSIP: 574599AT3<br>LEI: 5GCSNMQXHEYA1JO8QN11 | Long             | DBT              | CORP              | US        |    500000 | PA      | $552565.23    | 2.12%             | 2029-08-01      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                        | Fairfax Finl Hldgs Ltd Glbl Nt 3.375% Due 03/03/2031          | CUSIP: 303901BJ0<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | US        |    100000 | PA      | $91258.61     | 0.35%             | 2031-03-03      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| Manufacturers & Traders Trust Co.                         | Manufacturers & Traders Tr Co Lw Tier II 3.4% Due 08/17/2027  | CUSIP: 55279HAQ3<br>LEI: WWB2V0FCW3A0EE3ZJN75 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242440.33    | 0.93%             | 2027-08-17      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| John Deere Capital Corp.                                  | JOHN DEERE CAPITAL CORP ADJ, DUE 04/19/2027                   | CUSIP: 24422EXQ7<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100178.24    | 0.38%             | 2027-04-19      | Floating      | 4.93%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                 | FMC CORP GLBL NT 5.65% Due 05/18/2033                         | CUSIP: 302491AX3<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240452.66    | 0.92%             | 2033-05-18      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| NextEra Energy Capital Holdings Inc                       | Nextera Energy Cap Holdings INC SR GLBL 4.45% Due 06/20/2025  | CUSIP: 65339KCG3<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    500000 | PA      | $500003.82    | 1.92%             | 2025-06-20      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Bank of America Corp.                                     | Bank America Corp Fr 5% Due 03/13/2030                        | CUSIP: 06055JKJ7<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199880.15    | 0.77%             | 2030-03-13      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntsman International LLC                                | Huntsman International Llc 4.5% Due 05/01/2029                | CUSIP: 44701QBE1<br>LEI: 3YTEJFW18LGIUQ2N5J61 | Long             | DBT              | CORP              | US        |    500000 | PA      | $467476.71    | 1.79%             | 2029-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                              | U.S. Treasury Notes 5%, Due 10/31/2025                        | CUSIP: 91282CJE2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $501164.06    | 1.92%             | 2025-10-31      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Ball Corporation                                          | Ball Corp Sr Glbl Nt 6.0% Due 06/15/2029                      | CUSIP: 058498AZ9<br>LEI: 0BGI85ALH27ZJP15DY16 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203921.20    | 0.78%             | 2029-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Allspring Funds Trust                                     | Allspring Treasury Plus Money Market Fund Institutional Class | CUSIP: 94975H296<br>LEI: 549300XROIY0CTN7RZ24 | Long             | STIV             | RF                | US        |    617164 | PA      | $617163.61    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Treasury Notes                              | U.S. Treasury Notes 4.625% Due 06/30/2025                     | CUSIP: 91282CHL8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $500058.60    | 1.92%             | 2025-06-30      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Tapestry Inc                                              | Tapestry Inc Sr Glbl Nt 5.1% DUE 03/11/30                     | CUSIP: 876030AK3<br>LEI: 549300LJNVY5SW3VTN33 | Long             | DBT              | CORP              | US        |    100000 | PA      | $99935.99     | 0.38%             | 2030-03-11      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | Jpmorgan Chase & Co Fr 5.5% Due 12/13/2034                    | CUSIP: 48130CWN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    425000 | PA      | $429790.96    | 1.65%             | 2034-12-13      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                              | U.S. Treasury Notes 4.25%, Due 01/31/2026                     | CUSIP: 91282CJV4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $249905.60    | 0.96%             | 2026-01-31      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Western Midstream Operating  LP                           | Western Midstream Oper Lp Sr Glb 4.65% Due 07/01/2026         | CUSIP: 958254AF1<br>LEI: L6D8A6MLSY454J2JXJ60 | Long             | DBT              | CORP              | US        |    300000 | PA      | $299087.85    | 1.15%             | 2026-07-01      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                 | FMC CORP SR NT 5.15% 5/18/2026                                | CUSIP: 302491AW5<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    300000 | PA      | $301897.88    | 1.16%             | 2026-05-18      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| FMC Corp.                                                 | FMC Corporation 3.45%, Due 10/01/2029                         | CUSIP: 302491AU9<br>LEI: CKDHZ2X64EEBQCSP7013 | Long             | DBT              | CORP              | US        |    300000 | PA      | $276107.03    | 1.06%             | 2029-10-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Intel Corporation                                         | INTEL CORP SR GLBL 3.7% Due 07/29/2025                        | CUSIP: 458140AS9<br>LEI: KNX4USFCNGPY45LOCE31 | Long             | DBT              | CORP              | US        |    475000 | PA      | $474172.04    | 1.82%             | 2025-07-29      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| Olin Corporation                                          | Olin Corporation 5.00%, DUE 02/01/2030                        | CUSIP: 680665AK2<br>LEI: 549300GKK294V7W57P06 | Long             | DBT              | CORP              | US        |    500000 | PA      | $473242.45    | 1.81%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                       | Huntington Ingalls Inds Inc 2.043% Due 08/16/2028             | CUSIP: 446413AZ9<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | DBT              | CORP              | US        |    200000 | PA      | $184331.32    | 0.71%             | 2028-08-16      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Illumina Inc                                              | ILLUMINA INC GLBL NT 5.8% Due 12/12/2025                      | CUSIP: 452327AN9<br>LEI: SQ95QG8SR5Q56LSNF682 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200668.68    | 0.77%             | 2025-12-12      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| The Timken Company                                        | Timken Company (The) 4.50%, due 12/15/2028                    | CUSIP: 887389AK0<br>LEI: B0I35MLPFXZSE70ASS73 | Long             | DBT              | CORP              | US        |    300000 | PA      | $297324.43    | 1.14%             | 2028-12-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| General Motors Company                                    | General Motors Company 5.60%, Due 10/15/2032                  | CUSIP: 37045VAZ3<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |    303000 | PA      | $301066.58    | 1.15%             | 2032-10-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Fairfax Financial Holdings Limited                        | Fairfax Financial Holdings 8.300%, Due 4/15/2026              | CUSIP: 303901AB8<br>LEI: GLS7OQD0WOEDI8YAP031 | Long             | DBT              | CORP              | US        |    382000 | PA      | $392336.90    | 1.50%             | 2026-04-15      | Fixed         | 8.30%                 | No            |                  2 | On Loan: No      |
| The Cigna Group                                           | The Cigna Group SR GLBL NT 5.125% Due 05/15/2031              | CUSIP: 125523CU2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253943.76    | 0.97%             | 2031-05-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Advance Auto Parts Inc.                                   | Advance Auto Parts 5.95%, Due 03/09/2028                      | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Long             | DBT              | CORP              | US        |    250000 | PA      | $253903.50    | 0.97%             | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Sabine Pass Liquefaction, LLC                             | Sabine Pass Liquefaction Llc Sr Sec Glb 5.875% Due 06/30/2026 | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    100000 | PA      | $100598.63    | 0.39%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| LKQ Corporation                                           | LKQ Corp 6.25%, Due 06/15/2033                                | CUSIP: 501889AF6<br>LEI: DS830JTTZQN6GK0I2E41 | Long             | DBT              | CORP              | US        |    250000 | PA      | $260127.91    | 1.00%             | 2033-06-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Occidental Petroleum Corp.                                | Occidental Petroleum Corporation 7.875%, Due 09/15/2031       | CUSIP: 674599DE2<br>LEI: IM7X0T3ECJW4C1T7ON55 | Long             | DBT              | CORP              | US        |    550000 | PA      | $604774.50    | 2.32%             | 2031-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                     | Freeport Mcmoran Inc Nt 9.5% Due 06/01/2031                   | CUSIP: 717265AL6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $301289.50    | 1.16%             | 2031-06-01      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| Dow Chemical Co. (The)                                    | DOW Chemical CO SR GLBL DEB 7.375% Due 11/01/2029             | CUSIP: 260543BJ1<br>LEI: ZQUIP1CSZO8LXRBSOU78 | Long             | DBT              | CORP              | US        |    140000 | PA      | $154040.98    | 0.59%             | 2029-11-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                      | JPMORGAN CHASE & CO FR 1.1% 06/22/26 1.1% due 06/22/2026      | CUSIP: 48128G4A5<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    650000 | PA      | $623216.36    | 2.39%             | 2026-06-22      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| Exelon Corp.                                              | Exelon Corporation 7.6%, Due 04/01/2032                       | CUSIP: 210371AF7<br>LEI: 3SOUA6IRML7435B56G12 | Long             | DBT              | CORP              | US        |    500000 | PA      | $564643.63    | 2.17%             | 2032-04-01      | Fixed         | 7.60%                 | No            |                  2 | On Loan: No      |
| Vontier Corporation                                       | Vontier Corporation 144A 2.400%, Due 04/01/2028               | CUSIP: 928881AD3<br>LEI: 549300VVSQLG4P5K4639 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187492.00    | 0.72%             | 2028-04-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                      | United Rentals North America, Inc. 5.500%, Due 05/15/2027     | CUSIP: 911365BF0<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    620000 | PA      | $620288.92    | 2.38%             | 2027-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-30

**Name of Applicant:** CM Advisor Family of Funds

**Signature:** Sarah Criger

**Name of Signer:** Sarah Criger

**Title:** VP, Fund Accounting