# EDGAR Filing Document

**Accession Number:** 0001650149
**File Stem:** 0000894189-26-012315
**Filing Date:** 2026-4
**Character Count:** 86034
**Document Hash:** f6a29f92ced2871ef4df22c3a2a7e8c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-012315.hdr.sgml**: 20260421

**ACCESSION NUMBER**: 0000894189-26-012315

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260421

**DATE AS OF CHANGE**: 20260421

**PERIOD START**: 20261130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Series Portfolios Trust
- **CENTRAL INDEX KEY:** 0001650149

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23084
- **FILM NUMBER:** 26877312

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-6620

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

## Series and Classes Contracts Data

### Infrastructure Capital Equity Income ETF (Series ID: S000074860)

| Class ID   | Class Name                               | Ticker Symbol   |
|:---|:---|:---|
| C000233162 | Infrastructure Capital Equity Income ETF | ICAP            |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Infrastructure Capital Equity Income ETF** | **Infrastructure Capital Equity Income ETF** | **Infrastructure Capital Equity Income ETF** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **COMMON STOCKS - 104.5%** | **Shares**  | **Value**  |
| **Aerospace & Defense - 0.1%** | **Aerospace & Defense - 0.1%** | |
| Lockheed Martin Corp. | 14 | $9213 |
| RTX Corp. | 224 | 45387 |
|  |  | 54600 |

---

---

| | | |
|:---|:---|:---|
| **Banks - 10.6%** | **Banks - 10.6%** | |
| Citizens Financial Group, Inc. <sup>(a)(b)</sup> | 71242 | 4288056 |
| Fifth Third Bancorp <sup>(b)(c)</sup> | 20752 | 1026602 |
| M&T Bank Corp. <sup>(b)(c)</sup> | 6334 | 1374351 |
| Truist Financial Corp. | 354 | 17456 |
| U.S. Bancorp <sup>(b)(c)</sup> | 26193 | 1431709 |
| Zions Bancorp NA | 34089 | 1952618 |
|  |  | 10090792 |

---

---

| | | |
|:---|:---|:---|
| **Beverages - 3.5%** | **Beverages - 3.5%** | |
| Celsius Holdings, Inc. <sup>(d)</sup> | 10270 | 550575 |
| Coca-Cola Co. <sup>(a)</sup> | 13020 | 1061911 |
| PepsiCo, Inc. <sup>(b)</sup> | 9914 | 1682802 |
|  |  | 3295288 |

---

---

| | | |
|:---|:---|:---|
| **Broadline Retail - 5.4%** | **Broadline Retail - 5.4%** | |
| Amazon.com, Inc. <sup>(a)(b)(d)</sup> | 24595 | 5164950 |
| **Capital Markets - 8.5%** | **Capital Markets - 8.5%** |  |
| Blackstone, Inc. <sup>(b)</sup> | 10488 | 1189024 |
| Goldman Sachs Group, Inc. <sup>(a)</sup> | 3783 | 3251753 |
| KKR & Co., Inc. <sup>(b)</sup> | 31032 | 2720886 |
| TPG, Inc. <sup>(b)</sup> | 20321 | 882338 |
|  |  | 8044001 |
| **Communications Equipment - 0.4%** | **Communications Equipment - 0.4%** |  |
| Cisco Systems, Inc. | 4868 | 386811 |
| **Diversified REITs - 5.0%** | **Diversified REITs - 5.0%** |  |
| Global Net Lease, Inc. <sup>(b)</sup> | 509484 | 4799339 |
| **Diversified Telecommunication Services - 1.7%** | **Diversified Telecommunication Services - 1.7%** |  |
| AT&T, Inc. <sup>(c)</sup> | 15518 | 434659 |
| Verizon Communications, Inc. <sup>(a)</sup> | 23742 | 1190424 |
|  |  | 1625083 |
| **Electric Utilities - 10.7%** | **Electric Utilities - 10.7%** |  |
| Alliant Energy Corp. <sup>(b)(c)</sup> | 17492 | 1265371 |
| Edison International <sup>(a)(b)(c)</sup> | 31838 | 2379572 |
| NextEra Energy, Inc. <sup>(b)(c)</sup> | 39880 | 3739548 |
| Southern Co. <sup>(a)(c)</sup> | 7305 | 711361 |
| Xcel Energy, Inc. <sup>(b)(c)</sup> | 25438 | 2120512 |
|  |  | 10216364 |
| **Financial Services - 3.3%** | **Financial Services - 3.3%** |  |
| Apollo Global Management, Inc. <sup>(b)</sup> | 29938 | 3131515 |
| **Food Products - 1.5%** | **Food Products - 1.5%** |  |
| Kraft Heinz Co. <sup>(a)(b)(c)</sup> | 56230 | 1383820 |
| **Gas Utilities - 0.7%** | **Gas Utilities - 0.7%** |  |
| Northwest Natural Holding Co. <sup>(a)(c)</sup> | 13395 | 710471 |
| **Hotels, Restaurants & Leisure - 1.7%** | **Hotels, Restaurants & Leisure - 1.7%** |  |
| McDonald's Corp. <sup>(a)(b)(c)</sup> | 4844 | 1652095 |
| **Household Durables - 9.1%** | **Household Durables - 9.1%** |  |
| DR Horton, Inc. | 5111 | $819754 |
| Lennar Corp. - Class A | 32881 | 3760271 |
| Toll Brothers, Inc. | 25809 | 4058207 |
|  |  | 8638232 |
| **Independent Power and Renewable Electricity Producers - 2.4%** | **Independent Power and Renewable Electricity Producers - 2.4%** |  |
| Vistra Corp. <sup>(b)(c)</sup> | 13107 | 2279176 |
| **Industrial REITs - 1.5%** | **Industrial REITs - 1.5%** |  |
| Rexford Industrial Realty, Inc. <sup>(a)(b)(c)</sup> | 37999 | 1423823 |
| **Insurance - 0.5%** | **Insurance - 0.5%** |  |
| Brighthouse Financial, Inc. <sup>(d)</sup> | 8408 | 504312 |
| **Interactive Media & Services - 2.6%** | **Interactive Media & Services - 2.6%** |  |
| Meta Platforms, Inc. - Class A <sup>(a)(b)(c)</sup> | 3815 | 2472807 |
| **IT Services - 0.0% <sup>(e)</sup>** | **IT Services - 0.0% <sup>(e)</sup>** |  |
| International Business Machines Corp. | 20 | 4804 |
| **Metals & Mining - 3.7%** | **Metals & Mining - 3.7%** |  |
| Freeport-McMoRan, Inc. <sup>(a)(b)</sup> | 51184 | 3484607 |
| **Office REITs - 3.3%** | **Office REITs - 3.3%** |  |
| BXP, Inc. <sup>(a)(c)</sup> | 28258 | 1627096 |
| Kilroy Realty Corp. <sup>(b)</sup> | 49114 | 1464579 |
|  |  | 3091675 |
| **Oil, Gas & Consumable Fuels - 3.7%** | **Oil, Gas & Consumable Fuels - 3.7%** |  |
| Chevron Corp. | 985 | 183959 |
| Coterra Energy, Inc. <sup>(b)</sup> | 37334 | 1142047 |
| Exxon Mobil Corporation | 1438 | 219295 |
| MPLX LP <sup>(b)(c)</sup> | 34190 | 2015158 |
|  |  | 3560459 |
| **Personal Care Products - 2.4%** | **Personal Care Products - 2.4%** |  |
| Kenvue, Inc. <sup>(b)</sup> | 117319 | 2243139 |
| **Pharmaceuticals - 3.1%** | **Pharmaceuticals - 3.1%** |  |
| Johnson & Johnson | 798 | 198247 |
| Merck & Co., Inc. <sup>(b)</sup> | 21977 | 2721192 |
|  |  | 2919439 |
| **Retail REITs - 1.5%** | **Retail REITs - 1.5%** |  |
| Realty Income Corp. <sup>(b)(c)</sup> | 21147 | 1416849 |
| **Semiconductors & Semiconductor Equipment - 9.0%** | **Semiconductors & Semiconductor Equipment - 9.0%** |  |
| Broadcom, Inc. <sup>(a)(b)</sup> | 4611 | 1473445 |
| First Solar, Inc. <sup>(a)(d)</sup> | 2531 | 499113 |
| Marvell Technology, Inc. <sup>(a)(b)</sup> | 50895 | 4157613 |
| NVIDIA Corp. <sup>(a)</sup> | 13720 | 2431047 |
|  |  | 8561218 |
| **Software - 1.9%** | **Software - 1.9%** |  |
| Microsoft Corp. <sup>(a)</sup> | 4719 | 1853340 |
| **Specialized REITs - 2.8%** | **Specialized REITs - 2.8%** |  |
| Crown Castle, Inc. <sup>(a)(b)(c)</sup> | 10721 | 959958 |
| Digital Realty Trust, Inc. <sup>(b)</sup> | 4569 | 809627 |
| Safehold, Inc. <sup>(b)(c)</sup> | 57833 | 933425 |
|  |  | 2703010 |
| **Tobacco - 3.9%** | **Tobacco - 3.9%** |  |
| Philip Morris International, Inc. <sup>(a)(b)</sup> | 19987 | 3734171 |
| **TOTAL COMMON STOCKS** (Cost $96,613,945) | **TOTAL COMMON STOCKS** (Cost $96,613,945) | 99446190 |

---

---

| | | |
|:---|:---|:---|
| **PREFERRED STOCKS – 8.4%** | **Shares**  | **Value**  |
| **Consumer Finance - 0.3%** | **Consumer Finance - 0.3%** | |
|  SLM Corp., Series B, 5.68% (3 mo. Term SOFR + 1.96%), Perpetual Maturity <sup>(c)</sup> | 4379 | $326761 |
| **Diversified REITs - 0.9%** | **Diversified REITs - 0.9%** |  |
|  Global Net Lease, Inc., Series B, 6.88%, Perpetual Maturity <sup>(b)(c)</sup> | 38355 | 852248 |
| **Electrical Equipment - 1.0%** | **Electrical Equipment - 1.0%** |  |
|  Babcock & Wilcox Enterprises, Inc., Series A, 7.75%, Perpetual Maturity <sup>(c)</sup> | 47839 | 935252 |
| **Financial Services - 0.3%** | **Financial Services - 0.3%** |  |
|  Merchants Bancorp/IN, 7.63%, Perpetual Maturity | 12282 | 302137 |
| **Hotel & Resort REITs - 1.2%** | **Hotel & Resort REITs - 1.2%** |  |
|  RLJ Lodging Trust, Series A, 1.95%, Perpetual Maturity <sup>(b)(c)</sup> | 43433 | 1105370 |
| **Insurance - 1.2%** | **Insurance - 1.2%** |  |
| Brighthouse Financial, Inc. | – | $– |
| &nbsp;&nbsp; Series A, 6.60%, Perpetual Maturity <sup>(b)</sup> | 34690 | 582445 |
| &nbsp;&nbsp; Series B, 6.75%, Perpetual Maturity <sup>(d)</sup> | 33810 | 577137 |
|  |  | 1159582 |
| **Mortgage REITs – 3.5%** | **Mortgage REITs – 3.5%** |  |
|  Adamas Trust, Inc., Series D, 8.00% to 10/15/2027 then 3 mo. SOFR + 5.70%, Perpetual Maturity <sup>(b)(c)(f)</sup> | 80106 | 1824815 |
| AGNC Investment Corp., Series G, 7.75% to 10/15/2027 then 5 yr. CMT Rate + 4.39%, Perpetual Maturity <sup>(c)(f)</sup> | 8209 | 206456 |
|  Rithm Capital Corp., Series E, 8.75%, Perpetual Maturity <sup>(b)</sup> | 53068 | 1311841 |
|  |  | 3343112 |
| **TOTAL PREFERRED STOCKS** (Cost $7,759,142) | **TOTAL PREFERRED STOCKS** (Cost $7,759,142) | 8024462 |

---

---

| | | |
|:---|:---|:---|
| **BABY BONDS<sup>(g)</sup> – 5.5%** | **Shares**  | **Value**  |
| **Financial Services - 1.2%** | **Financial Services - 1.2%** | |
|  Corebridge Financial, Inc., 6.38%, 12/15/2064 <sup>(b)(c)</sup> | 48578 | 1143526 |
| **Health Care REITs - 0.7%** | **Health Care REITs - 0.7%** |  |
|  Diversified Healthcare Trust, 5.63%, 08/01/2042 <sup>(b)(c)</sup> | 38926 | 652400 |
| **Mortgage REITs – 3.6%** | **Mortgage REITs – 3.6%** |  |
|  AGNC Investment Corp., Series H, 8.75%, Perpetual Maturity <sup>(b)</sup> | 38842 | 1000182 |
|  PennyMac Mortgage Investment Trust, 9.00%, 02/15/2030 | 2136 | 54211 |
| Redwood Trust, Inc. | – | $– |
| &nbsp;&nbsp; 9.00%, 09/01/2029 <sup>(b)(c)</sup> | 64752 | 1624628 |
| &nbsp;&nbsp; 9.13%, 03/01/2030 <sup>(b)</sup> | 28706 | 707316 |
|  |  | 3386337 |
| **TOTAL BABY BONDS** (Cost $5,213,505) | **TOTAL BABY BONDS** (Cost $5,213,505) | 5182263 |

---

---

| | | |
|:---|:---|:---|
| **CONVERTIBLE PREFERRED STOCKS - 2.6%** | **Shares**  | **Value**  |
| **Capital Markets - 1.5%** | **Capital Markets - 1.5%** | |
|  KKR & Co., Inc., Series D, 6.25%, 03/01/2028 <sup>(b)</sup> | 36687 | 1456107 |
| **Electric Utilities - 0.7%** | **Electric Utilities - 0.7%** |  |
|  PG&E Corp., Series A, 6.00%, 12/01/2027 <sup>(b)</sup> | 15424 | 699170 |
| **Financial Services - 0.3%** | **Financial Services - 0.3%** |  |
|  Apollo Global Management, Inc., 6.75%, 07/31/2026 | 4566 | 255970 |
| **Technology Hardware, Storage & Peripherals - 0.1%** | **Technology Hardware, Storage & Peripherals - 0.1%** |  |
|  Hewlett Packard Enterprise Co., 7.63%, 09/01/2027 | 1360 | 80240 |
| **TOTAL CONVERTIBLE PREFERRED STOCKS** (Cost $2,841,716) | **TOTAL CONVERTIBLE PREFERRED STOCKS** (Cost $2,841,716) | 2491487 |

---

---

| | | |
|:---|:---|:---|
| **SHORT-TERM INVESTMENTS - 1.7%** | **Shares**  | **Value**  |
| **Money Market Funds – 1.7%** | | |
| First American Government Obligations Fund - Class X, 3.60% <sup>(h)</sup> | 826874 | $826874 |
| First American Treasury Obligations Fund - Class X, 3.60% <sup>(h)</sup> | 826874 | 826874 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,653,748) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $1,653,748) | 1653748 |

---

---

| | |
|:---|:---|
| **TOTAL INVESTMENTS - 122.7% (**Cost $114,082,056**)** | 116798150 |
| Liabilities in Excess of Other Assets - (22.7)% | (21619225) |
| **TOTAL NET ASSETS - 100.0%** | $95178925 |

---

Percentages are stated as a percent of net assets.<br>The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use.<br>

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| LP - Limited Partnership |
| REIT - Real Estate Investment Trust |
| SOFR - Secured Overnight Financing Rate |

---

(a) Held in connection with written option contracts. See Schedule of Written Options for further information.

(b) All or a portion of this security has been committed as collateral for a borrowing facility. The total value of assets committed as collateral as of February 28, 2026 was $46,147,748.

(c) All or a portion of this security has been committed as collateral for open written options. The total value of assets committed as collateral as of February 28, 2026 was $8,262,106.

(d) Non-income producing security.

(e) Represents less than 0.05% of net assets.

(f) This security has a fixed-to-variable rate feature.

(g) Baby bonds are preferred stocks which have been deemed to be fixed income securities based upon certain intrinsic characteristics.

(h) The rate shown represents the 7-day annualized yield as of February 28, 2026.

------

---

| | | | |
|:---|:---|:---|:---|
| **Infrastructure Capital Equity Income ETF** | **Infrastructure Capital Equity Income ETF** | **Infrastructure Capital Equity Income ETF** | **Infrastructure Capital Equity Income ETF** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** | **February 28, 2026 (Unaudited)** |
| **WRITTEN OPTIONS<sup>(b)</sup> - (0.5)%** | **Notional Amount** | **Contracts<sup>(a)</sup>** | **Value** |
| **Written Call Options - (0.5)%** | **Written Call Options - (0.5)%** | **Written Call Options - (0.5)%** | **Written Call Options - (0.5)%** |
| Alexandria Real Estate Equities, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $65.00 | $(54040) | (10) | $(410) |
| Amazon.com, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $225.00 | (420000) | (20) | (480) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $225.00 | (1050000) | (50) | (4100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $225.00 | (1050000) | (50) | (7750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $230.00 | (1050000) | (50) | (4300) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $235.00 | (420000) | (20) | (1720) |
| Broadcom, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $500.00 | (319550) | (10) | (80) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $530.00 | (319550) | (10) | (200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $560.00 | (319550) | (10) | (60) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $540.00 | (319550) | (10) | (180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; Exercise Price: $560.00 | (319550) | (10) | (430) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $540.00 | (639100) | (20) | (3720) |
| BXP, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $65.00 | (575800) | (100) | (3000) |
| Citizens Financial Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $70.00 | (601900) | (100) | (4000) |
| Coca-Cola Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $75.00 | (81560) | (10) | (6620) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; Exercise Price: $75.00 | (407800) | (50) | (37000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $75.00 | (407800) | (50) | (39850) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $77.50 | (81560) | (10) | (6000) |
| Crown Castle, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $90.00 | (358160) | (40) | (13120) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $92.50 | (268620) | (30) | (11250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 07/17/2026; Exercise Price: $95.00 | (716320) | (80) | (27800) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 09/18/2026; Exercise Price: $97.50 | (268620) | (30) | $(11100) |
| Edison International |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $67.50 | (373700) | (50) | (40000) |
| First Solar, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $235.00 | (197200) | (10) | (160) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $240.00 | (197200) | (10) | (365) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $250.00 | (197200) | (10) | (340) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $290.00 | (236640) | (12) | (48) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $300.00 | (236640) | (12) | (96) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $250.00 | (394400) | (20) | (2430) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/02/2026; Exercise Price: $255.00 | (197200) | (10) | (1020) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/10/2026; Exercise Price: $260.00 | (591600) | (30) | (5205) |
| Freeport-McMoRan, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $60.00 | (340400) | (50) | (42750) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $70.00 | (68080) | (10) | (3000) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/02/2026; Exercise Price: $71.00 | (68080) | (10) | (3150) |
| Goldman Sachs Group, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $995.00 | (859570) | (10) | (170) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $1,000.00 | (1719140) | (20) | (200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $1,000.00 | (859570) | (10) | (460) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $1,000.00 | (859570) | (10) | (1300) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $1,020.00 | (1719140) | (20) | (6700) |
| Kraft Heinz Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $25.50 | (98440) | (40) | (200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $27.50 | (246100) | (100) | (400) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $30.00 | (344540) | (140) | (2520) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $32.50 | (49220) | (20) | (180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 09/18/2026; Exercise Price: $30.00 | (123050) | (50) | (2150) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 12/18/2026; Exercise Price: $30.00 | (49220) | (20) | (1360) |
| Marvell Technology, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $100.00 | (245070) | (30) | (1050) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $120.00 | (81690) | (10) | (180) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $120.00 | (81690) | (10) | (560) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; Exercise Price: $120.00 | (81690) | (10) | (1200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 06/18/2026; Exercise Price: $120.00 | (163380) | (20) | (4800) |
| McDonald's Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $347.50 | (511590) | (15) | (975) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $330.00 | (341060) | (10) | (12100) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $340.00 | (341060) | (10) | (8850) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; Exercise Price: $350.00 | (341060) | (10) | (8000) |
| Meta Platforms, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $750.00 | (2592720) | (40) | (160) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $800.00 | (1944540) | (30) | (60) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $750.00 | (2592720) | (40) | (720) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $800.00 | (2592720) | (40) | (320) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $750.00 | (2592720) | (40) | (2200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $750.00 | (1296360) | (20) | (1500) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/02/2026; Exercise Price: $750.00 | (1944540) | (30) | (4380) |
| Microsoft Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $415.00 | (392740) | (10) | (550) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $460.00 | (785480) | (20) | (80) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $465.00 | (785480) | (20) | (200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $465.00 | (392740) | (10) | (260) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/27/2026; Exercise Price: $465.00 | (392740) | (10) | (370) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/02/2026; Exercise Price: $465.00 | (1178220) | (30) | (1650) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $470.00 | (392740) | (10) | (970) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 05/15/2026; Exercise Price: $480.00 | (392740) | (10) | (2860) |
| Northwest Natural Holding Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $45.00 | (689520) | (130) | (107250) |
| NVIDIA Corp. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/09/2026; Exercise Price: $205.00 | (708760) | (40) | (720) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/11/2026; Exercise Price: $205.00 | (885950) | (50) | (1250) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $212.50 | (708760) | (40) | (720) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/20/2026; Exercise Price: $220.00 | (708760) | (40) | $(1360) |
| Philip Morris International, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $195.00 | (934150) | (50) | (2000) |
| Rexford Industrial Realty, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: 04/17/2026; Exercise Price: $45.00 | (449640) | (120) | (900) |
| Southern Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: 03/20/2026; Exercise Price: $92.50 | (681660) | (70) | (40110) |
| Verizon Communications, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Expiration: 03/20/2026; Exercise Price: $52.50 | (501400) | (100) | (2700) |
| **Total Written Call Options** |  |  | (508379) |
| **Written Put Options - (0.0)% <sup>(c)</sup>** | **Written Put Options - (0.0)% <sup>(c)</sup>** | **Written Put Options - (0.0)% <sup>(c)</sup>** | **Written Put Options - (0.0)% <sup>(c)</sup>** |
| Caterpillar, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $685.00 | (742830) | (10) | (2000) |
| Coca-Cola Co. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $75.00 | (407800) | (50) | (300) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $75.00 | (244680) | (30) | (450) |
| Freeport-McMoRan, Inc. |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/06/2026; Exercise Price: $62.00 | (68080) | (10) | (310) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 03/13/2026; Exercise Price: $62.00 | (68080) | (10) | (740) |
| **Total Written Put Options** |  |  | (3800) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $304,267) |  |  | $(512179) |

---

(a) 100 shares per contract.

(b) Non-income producing security.

(c) Represents less than 0.05% of net assets.

------

#### Summary of Fair Value Disclosure as of February 28, 2026 (Unaudited)
Infrastructure Capital Equity Income ETF (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

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

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

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

The following is a summary of the fair valuation hierarchy of the Fund's securities as of February 28, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $99446190 | $– | $– | $99446190 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 8024462 | – | – | 8024462 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Baby Bonds | 5182263 | – | – | 5182263 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Preferred Stocks | 2491487 | – | – | 2491487 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1653748 | – | – | 1653748 |
| Total Investments | $116798150 | $– | $– | $116798150 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $(307934) | $(204245) | $– | $(512179) |
| Total Investments | $(307934) | $(204245) | $– | $(512179) |
| As of the period ended February 28, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund's Schedule of Investments for further information on the classification of investments. | As of the period ended February 28, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund's Schedule of Investments for further information on the classification of investments. | As of the period ended February 28, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund's Schedule of Investments for further information on the classification of investments. | As of the period ended February 28, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund's Schedule of Investments for further information on the classification of investments. | As of the period ended February 28, 2026, the Fund did not hold any Level 3 securities, nor were there any transfers into or out of Level 3. Refer to the Fund's Schedule of Investments for further information on the classification of investments. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23084

- **c. CIK number of Registrant:** 0001650149

- **d. LEI of Registrant:** 5493008VNHP5UNYJ3713

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-765-6047

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

- **a. Name of Series:** Infrastructure Capital Equity Income ETF

- **b. EDGAR series identifier (if any):** S000074860

- **c. LEI of Series:** 5493002NE0FBOF7CE952

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

- **a. Date of fiscal year-end:** 2026-11-30

- **b. Date as of which information is reported:** 2026-02-28

**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:** $122661179.53

**Total Liabilities:** $28861218.72

**Net Assets:** $93799960.81

**Cash Not Reported:** $4289815.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000233162 | 0.89%                | 3.59%                | -0.85%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $137044.56               | $-187998.80                                |
| Month 2  | $1595916.16              | $1090812.88                                |
| Month 3  | $1617561.06              | $-2650840.92                               |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** SWTXTU7ONT

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BXP Inc                        | BXP Inc                                    | CUSIP: 101121101<br>LEI: 549300OF70FSEUQBT254 | Long             | EC               | CORP              | US        |     27844 | NS      | $1603257.52   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Brighthouse Financial Inc      | Brighthouse Financial Inc                  | CUSIP: 10922N103<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EC               | CORP              | US        |      8286 | NS      | $496994.28    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc                  | CUSIP: 10922N509<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     33314 | NS      | $568669.98    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      4545 | NS      | $1452354.75   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Celsius Holdings Inc           | Celsius Holdings Inc                       | CUSIP: 15118V207<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     10120 | NS      | $542533.20    | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| RLJ LODGING TRUST              | RLJ Lodging Trust                          | CUSIP: 74965L200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |     42795 | NS      | $1089132.75   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                   | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |       222 | NS      | $44981.64     | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| SLM CORP                       | SLM Corp                                   | CUSIP: 78442P502<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      4315 | NS      | $321985.30    | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Safehold Inc                   | Safehold Inc                               | CUSIP: 78646V107<br>LEI: QFFLKWYYS3UPWD86E794 | Long             | EC               | CORP              | US        |     56983 | NS      | $919705.62    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Crown Castle Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-11100.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Edison International                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-40000.00    | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-160.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-550.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-80.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-200.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-260.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-370.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-1650.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-970.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-2860.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-720.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-1250.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Northwest Natural Holding Co               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -130 | NC      | $-107250.00   | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-720.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NVIDIA Corp                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-1360.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Philip Morris International Inc            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-2000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                       | CUSIP: 00123Q831<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | DBT              | CORP              | US        |     38272 | NS      | $985504.00    | 1.05%             | 2030-10-15      | Fixed         | 8.75%                 | No            |                  1 | On Loan: No      |
| AGNC INVESTMENT CORP           | AGNC Investment Corp                       | CUSIP: 00123Q856<br>LEI: 5TRACI5HRMELWV32OF39 | Long             | EP               | CORP              | US        |      8089 | NS      | $203438.35    | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Alliant Energy Corp            | Alliant Energy Corp                        | CUSIP: 018802108<br>LEI: 5493009ML300G373MZ12 | Long             | EC               | CORP              | US        |     17236 | NS      | $1246852.24   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                             | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     24235 | NS      | $5089350.00   | 5.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Apollo Global Management Inc   | Apollo Global Management Inc               | CUSIP: 03769M106<br>LEI: 254900LMFT1CY9IYB476 | Long             | EC               | CORP              | US        |     29498 | NS      | $3085490.80   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| APOLLO GLOBAL MANAGEMENT       | Apollo Global Management Inc               | CUSIP: 03769M304<br>LEI: 254900LMFT1CY9IYB476 | Long             | EP               | CORP              | US        |      4500 | NS      | $252270.00    | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ADAMAS TRUST INC               | Adamas Trust Inc                           | CUSIP: 649604881<br>LEI: 549300JFGR0M7ULHWG48 | Long             | EP               | CORP              | US        |     78928 | NS      | $1797979.84   | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-20.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-310.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-740.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-42750.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-3000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-3150.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-365.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-340.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-48.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-96.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-2430.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-1020.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | First Solar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-5205.00     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-12100.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-8850.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | McDonald's Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-8000.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-20.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-160.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-60.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-720.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-320.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-2200.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-1500.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-4380.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund   | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |    946401 | NS      | $946401.32    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    946401 | NS      | $946401.32    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| First Solar Inc                | First Solar Inc                            | CUSIP: 336433107<br>LEI: 549300NPYMLM4NHTOF27 | Long             | EC               | CORP              | US        |      2495 | NS      | $492014.00    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-1200.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-4800.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                       | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     50432 | NS      | $3433410.56   | 3.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Global Net Lease Inc           | Global Net Lease Inc                       | CUSIP: 379378201<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EC               | CORP              | US        |    501992 | NS      | $4728764.64   | 5.04%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-10.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                       | CUSIP: 379378409<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     37791 | NS      | $839716.02    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The                | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      3729 | NS      | $3205336.53   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Southern Co/The                | Southern Co/The                            | CUSIP: 842587107<br>LEI: 549300FC3G3YU2FBZD92 | Long             | EC               | CORP              | US        |      7199 | NS      | $701038.62    | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co              | CUSIP: 42824C208<br>LEI: 549300BX44RGX6ANDV88 | Long             | EP               | CORP              | US        |      1340 | NS      | $79060.00     | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TPG Inc                        | TPG Inc                                    | CUSIP: 872657101<br>LEI: 549300NLO4R8MX77XJ02 | Long             | EC               | CORP              | US        |     20023 | NS      | $869398.66    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                          | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     25431 | NS      | $3998770.44   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Truist Financial Corp          | Truist Financial Corp                      | CUSIP: 89832Q109<br>LEI: 549300DRQQI75D2JP341 | Long             | EC               | CORP              | US        |       350 | NS      | $17258.50     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                 | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     25809 | NS      | $1410719.94   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc                 | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     23394 | NS      | $1172975.16   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     12915 | NS      | $2245789.35   | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                            | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |     25064 | NS      | $2089335.04   | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Zions Bancorp NA               | Zions Bancorp NA                           | CUSIP: 989701107<br>LEI: 8WH0EE09O9V05QJZ3V89 | Long             | EC               | CORP              | US        |     33589 | NS      | $1923977.92   | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp            | Fifth Third Bancorp                        | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |     20448 | NS      | $1011562.56   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-10.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-20.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-480.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-4100.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-7750.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-4300.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-1720.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-60.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-80.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Crown Castle Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-13120.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Crown Castle Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-11250.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| AT&T Inc                       | AT&T Inc                                   | CUSIP: 00206R102<br>LEI: 549300Z40J86GGSTL398 | Long             | EC               | CORP              | US        |     15290 | NS      | $428272.90    | 0.46%             |  |  |  | No            |                  1 | On Loan: No      |
| BABCOCK & WILCOX ENTERPR       | Babcock & Wilcox Enterprises Inc           | CUSIP: 05614L407<br>LEI: 5493006H661OZN2C0T54 | Long             | EP               | CORP              | US        |     47137 | NS      | $921528.35    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Crown Castle Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -80 | NC      | $-27800.00    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-10.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-200.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-60.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                             | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     10334 | NS      | $1171565.58   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| BRIGHTHOUSE FINANCIAL IN       | Brighthouse Financial Inc                  | CUSIP: 10922N301<br>LEI: 5493003T8SZSHOGGAW52 | Long             | EP               | CORP              | US        |     34180 | NS      | $573882.20    | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                         | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |     36786 | NS      | $1125283.74   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp                   | Chevron Corp                               | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       971 | NS      | $181343.96    | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                         | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     39294 | NS      | $3684598.38   | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-300.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-450.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Northwest Natural Holding Co   | Northwest Natural Holding Co               | CUSIP: 66765N105<br>LEI: 254900PSJL6ZEC8FR782 | Long             | EC               | CORP              | US        |     20589 | NS      | $1092040.56   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp                    | NVIDIA Corp                                | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |     13520 | NS      | $2395608.80   | 2.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems Inc              | Cisco Systems Inc                          | CUSIP: 17275R102<br>LEI: 549300LKFJ962MZ46593 | Long             | EC               | CORP              | US        |     11694 | NS      | $929205.24    | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Citizens Financial Group Inc   | Citizens Financial Group Inc               | CUSIP: 174610105<br>LEI: 2138004JDDA4ZQUPFW65 | Long             | EC               | CORP              | US        |     70196 | NS      | $4225097.24   | 4.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-430.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PG&E CORP                      | PG&E Corp                                  | CUSIP: 69331C306<br>LEI: 8YQ2GSDWYZXO2EDN3511 | Long             | EP               | CORP              | US        |     15198 | NS      | $688925.34    | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust         | CUSIP: 70931T707<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | DBT              | CORP              | US        |      2106 | NS      | $53450.28     | 0.06%             | 2030-02-15      | Fixed         | 9.00%                 | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                                | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     17158 | NS      | $2912398.92   | 3.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     19695 | NS      | $3679616.85   | 3.92%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-6620.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-37000.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Coca-Cola Co/The               | Coca-Cola Co/The                           | CUSIP: 191216100<br>LEI: UWJKFUJFZ02DKWI3RY53 | Long             | EC               | CORP              | US        |     12830 | NS      | $1046414.80   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| COREBRIDGE FINANCIAL INC       | Corebridge Financial Inc                   | CUSIP: 21871X208<br>LEI: 549300XY1661QCIA7J65 | Long             | DBT              | CORP              | US        |     47864 | NS      | $1126718.56   | 1.20%             | 2064-12-15      | Fixed         | 6.38%                 | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-39850.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Coca-Cola Co/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-6000.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Crown Castle Inc               | Crown Castle Inc                           | CUSIP: 22822V101<br>LEI: 54930012H97VSM0I2R19 | Long             | EC               | CORP              | US        |     10565 | NS      | $945990.10    | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| DR Horton Inc                  | DR Horton Inc                              | CUSIP: 23331A109<br>LEI: 529900ZIUEYVSB8QDD25 | Long             | EC               | CORP              | US        |      5037 | NS      | $807884.43    | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Rexford Industrial Realty Inc              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -120 | NC      | $-900.00      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | RTX Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-20.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Southern Co/The                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-1750.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Southern Co/The                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -70 | NC      | $-40110.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-3720.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Caterpillar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-10.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Caterpillar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-50.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Caterpillar Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-2000.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Chevron Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-50.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AT&T Inc                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -200 | NC      | $-4200.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Verizon Communications Inc                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-2700.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                   | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      4503 | NS      | $797931.60    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust               | CUSIP: 25525P206<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     38354 | NS      | $642813.04    | 0.69%             | 2042-08-01      | Fixed         | 5.62%                 | No            |                  1 | On Loan: No      |
| Edison International           | Edison International                       | CUSIP: 281020107<br>LEI: 549300I7ROF15MAEVP56 | Long             | EC               | CORP              | US        |     31370 | NS      | $2344593.80   | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                           | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |      1418 | NS      | $216245.00    | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                         | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      3759 | NS      | $2436508.62   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| MPLX LP                        | MPLX LP                                    | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |     33688 | NS      | $1985570.72   | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                             | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      4651 | NS      | $1826633.74   | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                         | CUSIP: 64828T805<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |     52288 | NS      | $1292559.36   | 1.38%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp       | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |        20 | NS      | $4804.20      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                          | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |       788 | NS      | $195762.84    | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & Co Inc                   | KKR & Co Inc                               | CUSIP: 48251W104<br>LEI: 54930013V5I303TF9571 | Long             | EC               | CORP              | US        |     30576 | NS      | $2680903.68   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| KKR & CO INC                   | KKR & Co Inc                               | CUSIP: 48251W500<br>LEI: 54930013V5I303TF9571 | Long             | EP               | CORP              | US        |     36149 | NS      | $1434753.81   | 1.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Realty Income Corp             | Realty Income Corp                         | CUSIP: 756109104<br>LEI: 549300CUWDAUZSH43859 | Long             | EC               | CORP              | US        |     20837 | NS      | $1396079.00   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                          | CUSIP: 758075865<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |     28284 | NS      | $696917.76    | 0.74%             | 2030-03-01      | Fixed         | 9.13%                 | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                          | CUSIP: 758075873<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |     63800 | NS      | $1600742.00   | 1.71%             | 2029-09-01      | Fixed         | 9.00%                 | No            |                  1 | On Loan: No      |
| Rexford Industrial Realty Inc  | Rexford Industrial Realty Inc              | CUSIP: 76169C100<br>LEI: 549300MSLO0DF0EMX355 | Long             | EC               | CORP              | US        |     37441 | NS      | $1402914.27   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Alexandria Real Estate Equities Inc        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-410.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-30.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |    115595 | NS      | $2210176.40   | 2.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Kilroy Realty Corp             | Kilroy Realty Corp                         | CUSIP: 49427F108<br>LEI: 549300CXXI18B214UN80 | Long             | EC               | CORP              | US        |     48392 | NS      | $1443049.44   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Kraft Heinz Co/The             | Kraft Heinz Co/The                         | CUSIP: 500754106<br>LEI: 9845007488EC87F5AF14 | Long             | EC               | CORP              | US        |     55404 | NS      | $1363492.44   | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Lennar Corp                    | Lennar Corp                                | CUSIP: 526057104<br>LEI: 529900G61XVRLX5TJX09 | Long             | EC               | CORP              | US        |     32399 | NS      | $3705149.64   | 3.95%             |  |  |  | No            |                  1 | On Loan: No      |
| Lockheed Martin Corp           | Lockheed Martin Corp                       | CUSIP: 539830109<br>LEI: DPRBOZP0K5RM2YE8UU08 | Long             | EC               | CORP              | US        |      1000 | NS      | $658080.00    | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corp                  | M&T Bank Corp                              | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |      6242 | NS      | $1354389.16   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Marvell Technology Inc         | Marvell Technology Inc                     | CUSIP: 573874104<br>LEI: 254900WVU0BM7ZCJ9E93 | Long             | EC               | CORP              | US        |     50147 | NS      | $4096508.43   | 4.37%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                            | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |      4774 | NS      | $1628220.44   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| MERCHANTS BANCORP              | Merchants Bancorp/IN                       | CUSIP: 58844R850<br>LEI: 54930008Y0GPVLF81889 | Long             | EP               | CORP              | US        |     12102 | NS      | $297709.20    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                             | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     21655 | NS      | $2681322.10   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Citizens Financial Group Inc               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-4000.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-560.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-170.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-200.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-460.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-1300.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-6700.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-200.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -100 | NC      | $-400.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -140 | NC      | $-2520.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -50 | NC      | $-2150.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Kraft Heinz Co/The                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-1360.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Lockheed Martin Corp                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-5800.00     | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Marvell Technology Inc                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-1050.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-16

**Name of Applicant:** Series Portfolios Trust

**Signature:** /s/Ryan Roell

**Name of Signer:** Series Portfolios Trust

**Title:** President