# EDGAR Filing Document

**Accession Number:** 0000357204
**File Stem:** 0000910472-26-003375
**Filing Date:** 2026-2
**Character Count:** 37466
**Document Hash:** b1a8750a6ebc2fecf829d9566f8852ce
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000910472-26-003375.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0000910472-26-003375

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Segall Bryant & Hamill Trust
- **CENTRAL INDEX KEY:** 0000357204

**ORGANIZATION NAME:**
- **EIN:** 510263765
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-03373
- **FILM NUMBER:** 26698817

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 303-623-2577

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE TRUST
- **DATE OF NAME CHANGE:** 19920703

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WESTCORE FUNDS INC
- **DATE OF NAME CHANGE:** 19860506

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SUNMONT WEST FUND INC
- **DATE OF NAME CHANGE:** 19820520

## Series and Classes Contracts Data

### Segall Bryant & Hamill Short Term Plus Fund (Series ID: S000063758)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000206635 | Segall Bryant & Hamill Short Term Plus Fund-Retail Class        | SBHPX           |
| C000206636 | Segall Bryant & Hamill Short Term Plus Fund-Institutional Class | SBAPX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Segall Bryant & Hamill Trust

- **b. Investment Company Act file number:** 811-03373

- **c. CIK number of Registrant:** 0000357204

- **d. LEI of Registrant:** 549300D12PXTPNG46V56

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

  - **Street Address 1:** 225 Pictoria Drive

  - **City:** Cincinnati

  - **State:** OH

  - **Foreign country:** US

  - **Zip / Postal Code:** 45246

  - **Telephone number:** 513-587-3400

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

- **a. Name of Series:** SBH SHORT TERM PLUS FUND

- **b. EDGAR series identifier (if any):** S000063758

- **c. LEI of Series:** 549300V21UVO0WL37Z10

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

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

- **b. Date as of which information is reported:** 2025-12-31

**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:** $13767162.70

**Total Liabilities:** $31269.64

**Net Assets:** $13735893.06

**Cash Not Reported:** $44297.47

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 50.42026707 | **1-Year:** 1256.28022934 | **5-Year:** 645.55142524 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 4.93995254 | **1-Year:** 84.13216763 | **5-Year:** 10.00061461 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000206635 | 0.29%                | 0.46%                | 0.37%                |
| Class ID C000206636 | 0.29%                | 0.47%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1539.68                 | $-6791.82                                  |
| Month 2  | $101.11                  | $12057.41                                  |
| Month 3  | $1900.91                 | $-8578.22                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AT&T Inc                                                                        | AT&T Inc. 6.375%, Due 06/01/2028                                | CUSIP: 00206RGM8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    245000 | PA      | $254678.44    | 1.85%             | 2028-06-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| Agilent Technologies Inc.                                                       | Agilent Technologies Inc. 3.05%%, Due 09/22/2026                | CUSIP: 00846UAK7<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | DBT              | CORP              | US        |    191000 | PA      | $189714.23    | 1.38%             | 2026-09-22      | Fixed         | 3.05%                 | No            |                  2 | On Loan: No      |
| Alimentation Couche-Tard Inc.                                                   | Alimentation Couche-Tard, Inc. 3.55%, Due 7/26/2027             | CUSIP: 01626PAH9<br>LEI: 549300OSW32RVX8CCZ87 | Long             | DBT              | CORP              | US        |    240000 | PA      | $238312.52    | 1.73%             | 2027-07-26      | Fixed         | 3.55%                 | Yes           |                  2 | On Loan: No      |
| Alliant Energy Finance LLC                                                      | Alliant Energy Finance 1.40%, Due 03/15/2026                    | CUSIP: 01882YAC0<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |    189000 | PA      | $187735.17    | 1.37%             | 2026-03-15      | Fixed         | 1.40%                 | Yes           |                  2 | On Loan: No      |
| Allison Transmission Inc.                                                       | Allison Transmission, Inc. 4.75%, due 10/01/2027                | CUSIP: 019736AE7<br>LEI: MWKQ3I0U1GXP2YDSZW75 | Long             | DBT              | CORP              | US        |    155000 | PA      | $154788.27    | 1.13%             | 2027-10-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Alphabet Inc.                                                                   | Alphabet Inc. 3.875%, Due 11/15/2028                            | CUSIP: 02079KAV9<br>LEI: 5493006MHB84DD0ZWV18 | Long             | DBT              | CORP              | US        |    115000 | PA      | $115560.96    | 0.84%             | 2028-11-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Ameren Corp.                                                                    | Ameren Corp 1.75%, Due 03/15/2028                               | CUSIP: 023608AK8<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |    165000 | PA      | $156846.67    | 1.14%             | 2028-03-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| American Airlines, Inc.                                                         | Amer Airline 4.10%, Due 01/15/2028                              | CUSIP: 02376WAA9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    217292 | PA      | $214341.30    | 1.56%             | 2028-01-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| Amphenol Corporation                                                            | Amphenol Corp 5.05%, Due 04/05/2029                             | CUSIP: 032095AP6<br>LEI: 549300D3L3G0R4U4VT04 | Long             | DBT              | CORP              | US        |    260000 | PA      | $267560.21    | 1.95%             | 2029-04-05      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| Analog Devices Inc.                                                             | ANALOG DEVICES, INC. 3.45% Due 10/11/2022                       | CUSIP: 032654AZ8<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |    175000 | PA      | $174042.34    | 1.27%             | 2027-06-15      | Fixed         | 3.45%                 | Yes           |                  2 | On Loan: No      |
| Arizona Public Service Company                                                  | Arizona Public Service 2.95%, Due 09/15/2027                    | CUSIP: 040555CW2<br>LEI: YG6VT0TPHRH4TFVAQV64 | Long             | DBT              | CORP              | US        |    190000 | PA      | $186978.20    | 1.36%             | 2027-09-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| AutoNation, Inc.                                                                | AutoNation, Inc. 3.80%, due 11/15/2027                          | CUSIP: 05329WAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $218308.45    | 1.59%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| Berry Global Inc                                                                | Berry Global Inc. 5.50%, Due 04/15/2028                         | CUSIP: 08576PAL5<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |    265000 | PA      | $272916.54    | 1.99%             | 2028-04-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Boardwalk Pipelines LP                                                          | Boardwalk Pipelines, L.P. 5.95%, Due 06/01/2026                 | CUSIP: 096630AE8<br>LEI: 549300W6AQ2GHHCGL606 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135412.67    | 0.99%             | 2026-06-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| Burlington Northern Santa Fe LLC                                                | Burlingtn North Santa fe 6.7%, Due 08/01/2028                   | CUSIP: 12189TAJ3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $216544.70    | 1.58%             | 2028-08-01      | Fixed         | 6.70%                 | No            |                  2 | On Loan: No      |
| CCO Holdings, LLC/ CCO Holdings Capital Corp.                                   | CCO Holdings, LLC 5.125%, DUE 05/1/2027                         | CUSIP: 1248EPBT9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    205000 | PA      | $204718.20    | 1.49%             | 2027-05-01      | Fixed         | 5.12%                 | Yes           |                  2 | On Loan: No      |
| CNH Industrial Capital LLC                                                      | CNH Industrial Capital LLC 4.55%, Due 04/10/2028                | CUSIP: 12592BAQ7<br>LEI: 549300PNSJ5B81UMVO28 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266811.98    | 1.94%             | 2028-04-10      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| CNH EQUIPMENT TRUST 2022-B                                                      | CNH Equipment Trust 3.91%, Due 08/23/2022                       | CUSIP: 12663JAD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     20000 | PA      | $19992.21     | 0.15%             | 2028-03-15      | Fixed         | 3.91%                 | No            |                  2 | On Loan: No      |
| Cintas Corporation No. 2                                                        | Cintas Corporation 4.2%, Due 05/01/2028                         | CUSIP: 17252MAR1<br>LEI: 549300QVUQTTKMTE0G41 | Long             | DBT              | CORP              | US        |    225000 | PA      | $226116.81    | 1.65%             | 2028-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Crown Americas LLC / Crown Americas Capital Corp. V                             | Crown Americas LLC 4.25% Due 09/30/2026                         | CUSIP: 22819KAB6<br>LEI: RPPGGRL1J75WGF2DFO04 | Long             | DBT              | CORP              | US        |    180000 | PA      | $179333.89    | 1.31%             | 2026-09-30      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| DTE Energy Co.                                                                  | DTE ENERGY COMPANY 3.80%, DUE 03/15/2027                        | CUSIP: 233331AZ0<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |    280000 | PA      | $277946.94    | 2.02%             | 2027-03-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| DT AUTO OWNER TRUST 2023-1                                                      | DT Auto Owner Trust 2023-1A 6.44%, Due 11/15/2028               | CUSIP: 23346KAG5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $101367.41    | 0.74%             | 2028-11-15      | Fixed         | 6.44%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST 2023-1                                              | DAIMLER TRUCKS RETAIL 2023-1 5.900%, Due 03/15/2027             | CUSIP: 233868AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    124208 | PA      | $124795.88    | 0.91%             | 2027-03-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| DAIMLER TRUCKS RETAIL TRUST 2024-1                                              | Daimler Truck Retail Trust 5.49%, Due 12/15/2027                | CUSIP: 233874AC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     87403 | PA      | $88129.47     | 0.64%             | 2027-12-15      | Fixed         | 5.49%                 | No            |                  2 | On Loan: No      |
| Darden Restaurants, Inc.                                                        | Darden Restaurant Inc. 4.35%, Due 10/15/2027                    | CUSIP: 237194AP0<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | DBT              | CORP              | US        |    265000 | PA      | $266234.99    | 1.94%             | 2027-10-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| Dell International LLC / EMC Corp.                                              | Dell International LLC / EMC Corporation 6.020%, Due 06/15/2026 | CUSIP: 24703TAD8<br>LEI: 254900ZARLSVK41DKO78 | Long             | DBT              | CORP              | US        |     28000 | PA      | $28122.38     | 0.20%             | 2026-06-15      | Fixed         | 6.02%                 | No            |                  2 | On Loan: No      |
| Dick's Sporting Goods, Inc.                                                     | Dick's Sporting Goods 4%, Due 10/01/2029                        | CUSIP: 253393AH5<br>LEI: 529900SSBV5I4LWSK313 | Long             | DBT              | CORP              | US        |    130000 | PA      | $127486.53    | 0.93%             | 2029-10-01      | Fixed         | 4.00%                 | Yes           |                  2 | On Loan: No      |
| Duke Energy Florida LLC                                                         | Duke Energy Carolinas LLC 6.00%, Due 12/01/2028                 | CUSIP: 26444HAC5<br>LEI: 7MOHLM3DKE63RX2ZCN83 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221688.40    | 1.61%             | 2028-12-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| EOG Resources Inc.                                                              | EOG Resources Inc. 4.4%, Due 07/15/2028                         | CUSIP: 26875PAX9<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | DBT              | CORP              | US        |    265000 | PA      | $267962.63    | 1.95%             | 2028-07-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Evergy Kansas Central Inc.                                                      | Evergy, Inc. 4.70%, Due 03/13/2028                              | CUSIP: 30036FAE1<br>LEI: J75GNWGEO73W89ZV3S44 | Long             | DBT              | CORP              | US        |    285000 | PA      | $289353.91    | 2.11%             | 2028-03-13      | Fixed         | 4.70%                 | No            |                  2 | On Loan: No      |
| Federal Home Loan Mortgage Corp.                                                | FHLMC Multifamily Structured 3.926%, Due 07/25/2028             | CUSIP: 3137FHPJ6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |      6000 | PA      | $6008.82      | 0.04%             | 2028-07-25      | Variable      | 3.93%                 | No            |                  2 | On Loan: No      |
| FEDERAL HOME LN MTG CORP MULTICLASS MTG PARTN CTFS GTD                          | FHLMC Multifamily Structured 4.777%, Due 06/25/2028             | CUSIP: 3137HAD45<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-O            | USGSE             | US        |     78198 | PA      | $78884.48     | 0.57%             | 2028-06-25      | Variable      | 4.78%                 | No            |                  2 | On Loan: No      |
| FORD CREDIT AUTO OWNER TRUST 2022-B                                             | Ford Credit Auto Owner Trust 3.93%, Due 08/15/2027              | CUSIP: 34534LAE7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4774 | PA      | $4774.45      | 0.03%             | 2027-08-15      | Fixed         | 3.93%                 | No            |                  2 | On Loan: No      |
| Freeport-McMoRan Inc.                                                           | Freeport Mcmoran Inc. 4.375%, Due 08/01/2028                    | CUSIP: 35671DCG8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135041.69    | 0.98%             | 2028-08-01      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| GATX Corporation                                                                | Gatx Corp 5.4%, Due 03/15/2027                                  | CUSIP: 361448BP7<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    120000 | PA      | $121709.56    | 0.89%             | 2027-03-15      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| Georgia-Pacific LLC                                                             | Georgia Pacific LLC 7.25%, Due 06/01/2028                       | CUSIP: 373298BP2<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    225000 | PA      | $240775.52    | 1.75%             | 2028-06-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| HCA Inc.                                                                        | HCA Inc 5.625%, Due 09/01/2028                                  | CUSIP: 404121AJ4<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $221616.77    | 1.61%             | 2028-09-01      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Hexcel Corporation                                                              | Hexcel Corporation 4.20%, Due 2/15/2027                         | CUSIP: 428291AN8<br>LEI: S6Q7LW43WUBUHXY2QP69 | Long             | DBT              | CORP              | US        |    185000 | PA      | $184599.63    | 1.34%             | 2027-02-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| Host Hotels & Resorts, L.P.                                                     | Host Hotels & Resorts LP 4.25%, Due 12/15/2028                  | CUSIP: 44107TBE5<br>LEI: FXB7X4WXVA8QPMNOGS12 | Long             | DBT              | CORP              | US        |    140000 | PA      | $140137.24    | 1.02%             | 2028-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co.                                                            | JPMORGAN Chase & Co. 6.087%, Due 10/23/2029                     | CUSIP: 46647PDX1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |    210000 | PA      | $221192.89    | 1.61%             | 2029-10-23      | Fixed         | 6.09%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE OWNER TRUST 2024-B                                                   | John Deere Owner Trust 2024-A3 5.20%, Due 03/15/2029            | CUSIP: 47786WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $223135.68    | 1.62%             | 2029-03-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| KFC Holding Co., Pizza Hut Holdings, LLC Taco Bell of America LLC               | KFC Holding Company 4.75%, Due 06/01/2027                       | CUSIP: 48250NAC9<br>LEI: 549300G2LG4YUB3MM115 | Long             | DBT              | CORP              | US        |    190000 | PA      | $189717.20    | 1.38%             | 2027-06-01      | Fixed         | 4.75%                 | Yes           |                  2 | On Loan: No      |
| Keysight Technologies, Inc.                                                     | Keysight Technologies, Inc. 4.60%, DUE 04/06/2027               | CUSIP: 49338LAE3<br>LEI: 549300GLKVIO8YRCYN02 | Long             | DBT              | CORP              | US        |    210000 | PA      | $211085.18    | 1.54%             | 2027-04-06      | Fixed         | 4.60%                 | No            |                  2 | On Loan: No      |
| Bath & Body Works Inc                                                           | Bath & Body Inc. 6.694%, Due 01/15/2027                         | CUSIP: 501797AQ7<br>LEI: GR3KVMWVCR54YWQNXU90 | Long             | DBT              | CORP              | US        |     78000 | PA      | $79469.36     | 0.58%             | 2027-01-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| Lowes Companies, Inc.                                                           | Low's Cos Inc. 4%, Due 10/15/2028                               | CUSIP: 548661EU7<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    135000 | PA      | $135243.21    | 0.98%             | 2028-10-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| McDonald's Corp.                                                                | Mcdonald's Corp 5.00%, Due 05/17/2029                           | CUSIP: 58013MFX7<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210982.57    | 1.54%             | 2029-05-17      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Receivables Trust 2023-1                                     | Mercedes Banz Auto Receivable 4.51%, Due 11/15/2027             | CUSIP: 58770AAC7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      2555 | PA      | $2559.26      | 0.02%             | 2027-11-15      | Fixed         | 4.51%                 | No            |                  2 | On Loan: No      |
| Mondelez International, Inc.                                                    | Mondelez International, Inc. 2.625%, Due 03/17/2027             | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216496.63    | 1.58%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| O'Reilly Automotive Inc.                                                        | O'Reilly Automotive, Inc 3.90%, Due 06/01/2029                  | CUSIP: 67103HAH0<br>LEI: 549300K2RLMQL149Q332 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247644.76    | 1.80%             | 2029-06-01      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| Oklahoma Gas and Electric Company                                               | Oklahoma Gas & Electric 6.65%, Due 07/15/2027                   | CUSIP: 678858AZ4<br>LEI: 549300VJ8YXGPO8EV472 | Long             | DBT              | CORP              | US        |    230000 | PA      | $237269.32    | 1.73%             | 2027-07-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Pacific Gas and Electric Company                                                | PACIFIC GAS & ELECTRIC COMPANY 2.95%, DUE 03/01/2026            | CUSIP: 694308HP5<br>LEI: 1HNPXZSMMB7HMBMVBS46 | Long             | DBT              | CORP              | US        |    215000 | PA      | $214463.96    | 1.56%             | 2026-03-01      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| Paypal Holdings Inc.                                                            | Paypal Holding Inc. 4.45%, Due 03/06/2028                       | CUSIP: 70450YAS2<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    280000 | PA      | $283321.28    | 2.06%             | 2028-03-06      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Roper Technologies Inc                                                          | Roper Technologies Inc. 4.25%, Due 09/15/2028                   | CUSIP: 776696AK2<br>LEI: 54930003T4SXCIWVXY35 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215762.35    | 1.57%             | 2028-09-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| S&P Global Inc                                                                  | S&P Global, Inc. 4.75%, Due 08/01/2028                          | CUSIP: 78409VBF0<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |     75000 | PA      | $76393.16     | 0.56%             | 2028-08-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivables Trust 2013-A                                   | Standard Drive Auto Receivable 4.49%, Due 08/15/2029            | CUSIP: 80285UAF8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    146829 | PA      | $147051.20    | 1.07%             | 2029-08-15      | Fixed         | 4.49%                 | No            |                  2 | On Loan: No      |
| Service Corporation International                                               | Service Corporation International 7.50%, Due 04/01/2027         | CUSIP: 817565BT0<br>LEI: 549300RKVM2ME20JHZ15 | Long             | DBT              | CORP              | US        |    185000 | PA      | $191147.55    | 1.39%             | 2027-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Sprint Capital Corporation                                                      | Sprint Capital Corporation 6.875%, DUE 11/15/2028               | CUSIP: 852060AD4<br>LEI: 549300L17W0GQBR1PO80 | Long             | DBT              | CORP              | US        |     95000 | PA      | $101947.26    | 0.74%             | 2028-11-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Sprint Spectrum Co LLC / Sprint Spectrum Co II LLC / Sprint Spectrum Co III LLC | Sprint Spectrum Co LLC 5.152%, due 03/20/2028                   | CUSIP: 85208NAE0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    157500 | PA      | $158848.36    | 1.16%             | 2028-03-20      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| TCI Communications, Inc.                                                        | TCI COMMUNICATIONS, INC. 7.125%, DUE 02/15/2028                 | CUSIP: 872287AL1<br>LEI: 549300PBDHO6M483PB82 | Long             | DBT              | CORP              | US        |    255000 | PA      | $270861.11    | 1.97%             | 2028-02-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Teleflex Incorporated                                                           | Teleflex, Inc. 4.625%, due 11/15/2027                           | CUSIP: 879369AF3<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | DBT              | CORP              | US        |    235000 | PA      | $234642.22    | 1.71%             | 2027-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Tenet Healthcare Corporation                                                    | Tenet Healthcare Corporation 4.625%, due 06/15/2028             | CUSIP: 88033GDH0<br>LEI: 0W9AIBT6U6ADJ2I8HK17 | Long             | DBT              | CORP              | US        |    245000 | PA      | $245455.06    | 1.79%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Transcontinental Gas Pipe Line Company, LLC                                     | Transcontinental Gas Pipe Line 7.25%, Due 12/01/2026            | CUSIP: 893570BM2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    165000 | PA      | $167407.52    | 1.22%             | 2026-12-01      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| Union Pacific Railroad Co.                                                      | UNION PACIFIC RAILROAD COMPANY 3.227%, DUE 05/14/2026           | CUSIP: 907825AA1<br>LEI: 549300E5Y4M86FFRWP82 | Long             | ABS-O            | CORP              | US        |    279721 | PA      | $278991.34    | 2.03%             | 2026-05-14      | Fixed         | 3.23%                 | No            |                  2 | On Loan: No      |
| United Airlines Pass Through Trust 2020-1A                                      | United Airlines 5.875%, Due 10/15/2027                          | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     37406 | PA      | $38354.73     | 0.28%             | 2029-04-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| United Rentals (North America), Inc.                                            | United Rentals North America Inc 4.875% Due 01/15/2028          | CUSIP: 911365BG8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |    155000 | PA      | $155013.33    | 1.13%             | 2028-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.125%, Due 10/31/2027                      | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    160000 | PA      | $161775.00    | 1.18%             | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.625%, Due 3/15/2026                       | CUSIP: 91282CGR6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    300000 | PA      | $300562.12    | 2.19%             | 2026-03-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| United States Treasury Notes                                                    | U.S. Treasury Notes 4.25%, Due 3/15/2027                        | CUSIP: 91282CKE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    350000 | PA      | $352966.80    | 2.57%             | 2027-03-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| Ventas Realty Limited Partnership                                               | Ventas Realty, L.P. 4.40%, due 01/15/2029                       | CUSIP: 92277GAN7<br>LEI: 32SXKSJ72K64GM3HOU64 | Long             | DBT              | CORP              | US        |    215000 | PA      | $215958.24    | 1.57%             | 2029-01-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| Verizon Communications Inc.                                                     | Verizon Communications, Inc. 4.125%, Due 03/16/2027             | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    104000 | PA      | $104247.21    | 0.76%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Vulcan Materials Company                                                        | Yulcan Materials Company 4.95%, Due 12/01/2029                  | CUSIP: 929160BB4<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | DBT              | CORP              | US        |    205000 | PA      | $210342.65    | 1.53%             | 2029-12-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc.                                                           | Wec Energy Group Inc. 5.15%, Due 10/01/2027                     | CUSIP: 92939UAJ5<br>LEI: 549300IGLYTZUK3PVP70 | Long             | DBT              | CORP              | US        |    265000 | PA      | $270205.63    | 1.97%             | 2027-10-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| Waste Management, Inc.                                                          | Waste Management Incorporated 3.875%, Due 01/15/2029            | CUSIP: 94106LCA5<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    245000 | PA      | $244641.67    | 1.78%             | 2029-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| WORLD OMNI AUTO RECEIVABLES TRUST 2                                             | World Omni Auto Receivable 4.86%, Due 03/15/2029                | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    131055 | PA      | $131764.95    | 0.96%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-31

**Name of Applicant:** SBH Short Term Plus Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** Assistant Treasurer