# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001936157-25-000132
**Filing Date:** 2025-12
**Character Count:** 18650
**Document Hash:** ed8a097dd199529ee207143fe85cb5c6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001936157-25-000132.hdr.sgml**: 20251229

**ACCESSION NUMBER**: 0001936157-25-000132

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251229

**DATE AS OF CHANGE**: 20251229

**PERIOD START**: 20251031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevation Series Trust
- **CENTRAL INDEX KEY:** 0001936157

**ORGANIZATION NAME:**
- **EIN:** 882465192
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23812
- **FILM NUMBER:** 251603879

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Consortio Funds Trust
- **DATE OF NAME CHANGE:** 20220630

## Series and Classes Contracts Data

### The Opal International Dividend Income ETF (Series ID: S000089318)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000255835 | The Opal International Dividend Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Elevation Series Trust

- **b. Investment Company Act file number:** 811-23812

- **c. CIK number of Registrant:** 0001936157

- **d. LEI of Registrant:** 549300QVQ3VLO2G2BM75

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

  - **Street Address 1:** 1700 Broadway Suite 1850

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80290

  - **Telephone number:** 8775249155

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

- **a. Name of Series:** The Opal International Dividend Income ETF

- **b. EDGAR series identifier (if any):** S000089318

- **c. LEI of Series:** 529900P0N02X8QF61K45

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

- **a. Date of fiscal year-end:** 2025-10-31

- **b. Date as of which information is reported:** 2025-10-31

**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:** $111558172.00

**Total Liabilities:** $68188.21

**Net Assets:** $111489983.79

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255835 | 4.60%                | 3.76%                | -0.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $609861.78               | $3089149.31                                |
| Month 2  | $-44512.13               | $3678067.36                                |
| Month 3  | $146807.13               | $-1014918.08                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Philip Morris International Inc | Philip Morris International Inc                   | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     13087 | NS      | $1888846.71   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays PLC                    | Barclays PLC                                      | CUSIP: 06738E204<br>LEI: 213800LBQA1Y9L22JB70 | Long             | EC               | CORP              | GB        |     55282 | NS      | $1188010.18   | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| JD.com Inc                      | JD.com Inc                                        | CUSIP: 47215P106<br>LEI: 549300HVTWB0GJZ16V92 | Long             | EC               | CORP              | KY        |     65931 | NS      | $2178360.24   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Nestle SA                       | Nestle SA                                         | CUSIP: 641069406<br>LEI: KY37LUS27QQX7BB93L28 | Long             | EC               | CORP              | CH        |     17122 | NS      | $1635493.44   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Grupo Aeroportuario del Centro  | Grupo Aeroportuario del Centro                    | CUSIP: 400501102<br>LEI: 529900HUSBARAFSXJ605 | Long             | EC               | CORP              | MX        |     12382 | NS      | $1221112.84   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alibaba Group Holding Ltd       | Alibaba Group Holding Ltd                         | CUSIP: 01609W102<br>LEI: 5493001NTNQJDH60PM02 | Long             | EC               | CORP              | KY        |     19140 | NS      | $3262030.20   | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| BB Seguridade Participacoes SA  | BB Seguridade Participacoes SA                    | CUSIP: 05541J103<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |    503661 | NS      | $3107588.37   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Tokio Marine Holdings Inc       | Tokio Marine Holdings Inc                         | CUSIP: 889094108<br>LEI: 5299009QN2NZ191KLS29 | Long             | EC               | CORP              | JP        |     49776 | NS      | $1852164.96   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Zurich Insurance Group AG       | Zurich Insurance Group AG                         | CUSIP: 989825104<br>LEI: 529900QVNRBND50TXP03 | Long             | EC               | CORP              | CH        |     88206 | NS      | $3083681.76   | 2.77%             |  |  |  | No            |                  1 | On Loan: No      |
| China Construction Bank Corp    | China Construction Bank Corp                      | CUSIP: 168919108<br>LEI: 5493001KQW6DM7KEDR62 | Long             | EC               | CORP              | CN        |    112042 | NS      | $2216190.76   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Manila Electric Co              | Manila Electric Co                                | CUSIP: N/A<br>LEI: 254900RDFLCM12O8SK69       | Long             | EC               | CORP              | PH        |    166351 | NS      | $1653616.57   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco Santander SA              | Banco Santander SA                                | CUSIP: 05964H105<br>LEI: 5493006QMFDDMYWIAM13 | Long             | EC               | CORP              | ES        |    231229 | NS      | $2346974.35   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ICTSI                           | International Container Termin                    | CUSIP: N/A<br>LEI: 254900FU1MWK0I0Q4J61       | Long             | EC               | CORP              | PH        |    134054 | NS      | $1207283.26   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                            | Taiwan Semiconductor Manufacturing Co Ltd ADR     | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |     16800 | NS      | $5047224.00   | 4.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Suncor Energy Inc               | Suncor Energy Inc                                 | CUSIP: 867224107<br>LEI: 549300W70ZOQDVLCHY06 | Long             | EC               | CORP              | CA        |     40007 | NS      | $1592678.67   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Orange SA                       | Orange SA                                         | CUSIP: 684060106<br>LEI: 969500MCOONR8990S771 | Long             | EC               | CORP              | FR        |    277331 | NS      | $4534361.85   | 4.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Intesa Sanpaolo SpA             | Intesa Sanpaolo SpA                               | CUSIP: 46115H107<br>LEI: 2W8N8UU78PMDQKZENC08 | Long             | EC               | CORP              | IT        |     36965 | NS      | $1432393.75   | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| GSK PLC                         | GSK PLC                                           | CUSIP: 37733W204<br>LEI: 5493000HZTVUYLO1D793 | Long             | EC               | CORP              | GB        |     94424 | NS      | $4424708.64   | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Novartis AG                     | Novartis AG                                       | CUSIP: 66987V109<br>LEI: 5493007HIVTX6SY6XD66 | Long             | EC               | CORP              | CH        |      9150 | NS      | $1132678.50   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| PETROBRAS                       | Petroleo Brasileiro SA                            | CUSIP: 71654V408<br>LEI: 5493000J801JZRCMFE49 | Long             | EC               | CORP              | BR        |    272336 | NS      | $3169991.04   | 2.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Femsa SAB de CV       | Coca-Cola Femsa SAB de CV                         | CUSIP: 191241108<br>LEI: 5493008KEVFYPMGTXO33 | Long             | EC               | CORP              | MX        |     27326 | NS      | $2348669.70   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| UBS Group AG                    | UBS Group AG                                      | CUSIP: H42097107<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | EC               | CORP              | CH        |     76358 | NS      | $2929092.88   | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Enel SpA                        | Enel SpA                                          | CUSIP: 29265W207<br>LEI: WOCMU6HCI0OJWNPRZS33 | Long             | EC               | CORP              | IT        |    416789 | NS      | $4197065.23   | 3.76%             |  |  |  | No            |                  1 | On Loan: No      |
| TotalEnergies SE                | TotalEnergies SE                                  | CUSIP: 89151E109<br>LEI: 529900S21EQ1BO4ESM68 | Long             | EC               | CORP              | FR        |     30334 | NS      | $1887988.16   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark de Mexico SAB d  | Kimberly-Clark de Mexico SAB d                    | CUSIP: 494386204<br>LEI: 549300JGHL56QT00KT54 | Long             | EC               | CORP              | MX        |    244853 | NS      | $2379971.16   | 2.13%             |  |  |  | No            |                  1 | On Loan: No      |
| British American Tobacco PLC    | British American Tobacco PLC                      | CUSIP: 110448107<br>LEI: 213800FKA5MF17RJKT63 | Long             | EC               | CORP              | GB        |     65035 | NS      | $3329141.65   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Music Group NV        | Universal Music Group NV                          | CUSIP: 91377B109<br>LEI: 724500GJBUL3D9TW9Y18 | Long             | EC               | CORP              | NL        |    221431 | NS      | $2962746.78   | 2.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Banco do Brasil SA              | Banco do Brasil SA                                | CUSIP: 059578104<br>LEI: QE0Q0253K88YAGNPE356 | Long             | EC               | CORP              | BR        |    222893 | NS      | $911632.37    | 0.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Nokia Oyj                       | Nokia Oyj                                         | CUSIP: 654902204<br>LEI: 549300A0JPRWG1KI7U06 | Long             | EC               | CORP              | FI        |    234642 | NS      | $1621376.22   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Wal-Mart de Mexico SAB de CV    | Wal-Mart de Mexico SAB de CV                      | CUSIP: 93114W107<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    144238 | NS      | $4774277.80   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Reckitt Benckiser Group PLC     | Reckitt Benckiser Group PLC                       | CUSIP: 756255204<br>LEI: 5493003JFSMOJG48V108 | Long             | EC               | CORP              | GB        |    278537 | NS      | $4269972.21   | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank Rakyat Indonesia Persero   | Bank Rakyat Indonesia Persero                     | CUSIP: 69366X100<br>LEI: 254900HB6S4B12GBNP64 | Long             | EC               | CORP              | ID        |    206058 | NS      | $2443847.88   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Imperial Brands PLC             | Imperial Brands PLC                               | CUSIP: 45262P102<br>LEI: 549300DFVPOB67JL3A42 | Long             | EC               | CORP              | GB        |     81286 | NS      | $3229492.78   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Roche Holding AG                | Roche Holding AG                                  | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |     25620 | NS      | $1035048.00   | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Rio Tinto PLC                   | Rio Tinto PLC                                     | CUSIP: 767204100<br>LEI: 213800YOEO5OQ72G2R82 | Long             | EC               | CORP              | GB        |     37698 | NS      | $2704454.52   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Novo Nordisk A/S                | Novo Nordisk A/S                                  | CUSIP: 670100205<br>LEI: 549300DAQ1CVT6CXN342 | Long             | EC               | CORP              | DK        |     76859 | NS      | $3801446.14   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                    | Unilever PLC                                      | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     28877 | NS      | $1738106.63   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| HSBC Holdings PLC               | HSBC Holdings PLC                                 | CUSIP: 404280406<br>LEI: MLU0ZO3ML4LN2LL2TL39 | Long             | EC               | CORP              | GB        |     34341 | NS      | $2406273.87   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| BYD Co Ltd                      | BYD Co Ltd                                        | CUSIP: 05606L100<br>LEI: 5299005557VL7ULJ7A69 | Long             | EC               | CORP              | CN        |     51982 | NS      | $672647.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Koninklijke KPN NV              | Koninklijke KPN NV                                | CUSIP: 780641205<br>LEI: 549300YO0JZHAL7FVP81 | Long             | EC               | CORP              | NL        |    816940 | NS      | $3749754.60   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Iberdrola SA                    | Iberdrola SA                                      | CUSIP: 450737101<br>LEI: 5QK37QC7NWOJ8D7WVQ45 | Long             | EC               | CORP              | ES        |     16104 | NS      | $1305549.67   | 1.17%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                  | BNP Paribas SA                                    | CUSIP: 05565A202<br>LEI: R0MUWSFPU8MPRO8K5P83 | Long             | EC               | CORP              | FR        |     54919 | NS      | $2114930.69   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| America Movil SAB de CV         | America Movil SAB de CV                           | CUSIP: 02390A101<br>LEI: 5493000FNR3UCEAONM59 | Long             | EC               | CORP              | MX        |    120096 | NS      | $2734585.92   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| ASML Holding NV                 | ASML Holding NV                                   | CUSIP: N07059210<br>LEI: 724500Y6DUVHQD6OXN27 | Long             | EC               | CORP              | NL        |      2996 | NS      | $3173453.08   | 2.85%             |  |  |  | No            |                  1 | On Loan: No      |
| STATE STREET INSTITUTIONAL US   | STATE STREET INST U.S. GOVERNMENT MMKT ADMN CLASS | CUSIP: 857492656<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |    459035 | NS      | $459035.02    | 0.41%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-30

**Name of Applicant:** Elevation Series Trust

**Signature:** Nick Austin

**Name of Signer:** Nick Austin

**Title:** Treasurer