# EDGAR Filing Document

**Accession Number:** 0001388485
**File Stem:** 0000940400-25-014439
**Filing Date:** 2025-12
**Character Count:** 49731
**Document Hash:** e43cafeee75373e0c2901a4c68307bcd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-014439.hdr.sgml**: 20251223

**ACCESSION NUMBER**: 0000940400-25-014439

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251031

**FILED AS OF DATE**: 20251223

**DATE AS OF CHANGE**: 20251223

**PERIOD START**: 20260430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** FundVantage Trust
- **CENTRAL INDEX KEY:** 0001388485

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22027
- **FILM NUMBER:** 251598790

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 3027911906

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Series and Classes Contracts Data

### Polen Opportunistic High Yield Fund (Series ID: S000080672)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000243192 | Investor Class      | DDJRX           |
| C000243193 | Class Y             | DDJIX           |
| C000243194 | Institutional Class | DDJCX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** FundVantage Trust

- **b. Investment Company Act file number:** 811-22027

- **c. CIK number of Registrant:** 0001388485

- **d. LEI of Registrant:** 549300C6U7XKIL1IY249

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

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

- **a. Name of Series:** Polen Opportunistic High Yield Fund

- **b. EDGAR series identifier (if any):** S000080672

- **c. LEI of Series:** 5493000JDXDSV2ZKCU50

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

- **a. Date of fiscal year-end:** 2026-04-30

- **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:** $310421511.39

**Total Liabilities:** $4447642.90

**Net Assets:** $305973868.49

**Cash Not Reported:** $5980886.03

**Currency Risk Metrics (dv01):**

- 

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

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

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

- **3-Month:** 475.21453000 | **1-Year:** 34031.53009000 | **5-Year:** 48266.66532000 | **10-Year:** 2377.08089000 | **30-Year:** 22.80546000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000243192 | 0.90%                | 0.35%                | -0.74%               |
| Class ID C000243193 | 0.95%                | 0.38%                | -0.71%               |
| Class ID C000243194 | 0.93%                | 0.37%                | -0.86%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $327275.04               | $688058.00                                 |
| Month 2  | $593731.41               | $-1576132.28                               |
| Month 3  | $-677794.82              | $-3964749.15                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OSCAR ACQUISITIONCO LLC                   | Oscar AcquisitionCo LLC / Oscar Finance Inc                                     | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8230000 | PA      | $5997070.97   | 1.96%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ARUBA INVESTMENT HOLDING                  | Aruba Investments Holdings LLC                                                  | CUSIP: 04317JAB4<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |    551672 | PA      | $519261.42    | 0.17%             | 2027-11-24      | Floating      | 8.12%                 | No            |                  2 | On Loan: No      |
| ARUBA INVESTMENT HOLDING                  | Aruba Investments Holdings LLC                                                  | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |   6410000 | PA      | $5833100.00   | 1.91%             | 2028-11-24      | Floating      | 11.87%                | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                    | SCIH Salt Holdings Inc                                                          | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7933000 | PA      | $7869433.27   | 2.57%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BRUNDAGE-BONE CONCRETE                    | Brundage-Bone Concrete Pumping Holdings Inc                                     | CUSIP: 66981QAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3740000 | PA      | $3778125.56   | 1.23%             | 2032-02-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| ACADIA HEALTHCARE CO INC                  | Acadia Healthcare Co Inc                                                        | CUSIP: 00404AAQ2<br>LEI: 5493005CW985Y9D0NC11 | Long             | DBT              | CORP              | US        |   6872000 | PA      | $7113756.96   | 2.32%             | 2033-03-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MAVIS TIRE EXPRESS SERVI                  | Mavis Tire Express Services Topco Corp                                          | CUSIP: 59155LAA0<br>LEI: 254900NVDM4GTLBL9E56 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2307897.85   | 0.75%             | 2029-05-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PHRG INTERMEDIATE LLC                     | PHRG INTERMEDIATE LLC                                                           | CUSIP: 40445XAC0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1779550 | PA      | $1740631.24   | 0.57%             | 2032-02-20      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| CLEAR CHANNEL OUTDOOR HO                  | Clear Channel Outdoor Holdings Inc                                              | CUSIP: 18453HAH9<br>LEI: 254900XBEE6V1ENYS150 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1622719.80   | 0.53%             | 2033-03-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| TEN-X LLC                                 | TEN-X LLC                                                                       | CUSIP: 05069PAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   6451218 | PA      | $5669007.82   | 1.85%             | 2028-05-26      | Floating      | 10.27%                | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                        | Infinite Bidco LLC                                                              | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |   4245740 | PA      | $3860991.48   | 1.26%             | 2029-03-02      | Floating      | 11.43%                | No            |                  2 | On Loan: No      |
| EYECARE PARTNERS LLC                      | EYECARE PARTNERS LLC                                                            | CUSIP: 30233PAT7<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |   3106838 | PA      | $1839838.61   | 0.60%             | 2028-11-30      | Floating      | 5.15%                 | No            |                  2 | On Loan: No      |
| SOTERA HEALTH HLDGS LLC                   | Sotera Health Holdings LLC                                                      | CUSIP: 83600WAE9<br>LEI: 549300OVT7MBXFLOFU20 | Long             | DBT              | CORP              | US        |   2930000 | PA      | $3082799.50   | 1.01%             | 2031-06-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENT/SIX FLAG                    | Six Flags Entertainment Corp /Six Flags Theme Parks Inc/ Canada's Wonderland Co | CUSIP: 83002YAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    760000 | PA      | $771139.32    | 0.25%             | 2032-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| JACOBS ENTERTAINMENT INC                  | Jacobs Entertainment Inc                                                        | CUSIP: 469815AK0<br>LEI: 5493004U9JIWY3HSUO63 | Long             | DBT              | CORP              | US        |    800000 | PA      | $775516.00    | 0.25%             | 2029-02-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                   | Dornoch Debt Merger Sub Inc                                                     | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   9290000 | PA      | $7942077.67   | 2.60%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Utex                                      | Utex                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7506 | NS      | $420185.88    | 0.14%             |  |  |  | No            |                  3 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                  | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   1350000 | PA      | $1085143.50   | 0.35%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ASURION LLC                               | Asurion LLC                                                                     | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   8860000 | PA      | $8471754.80   | 2.77%             | 2029-01-22      | Floating      | 9.40%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR                  | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622TAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2590000 | PA      | $1989771.41   | 0.65%             | 2031-04-30      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AP6<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3100000 | PA      | $3172450.10   | 1.04%             | 2032-03-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc              | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3050000 | PA      | $2833714.44   | 0.93%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                     | Molina Healthcare Inc                                                           | CUSIP: 60855RAL4<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1082723.76   | 0.35%             | 2032-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Burgundy Diamond Mines Ltd                | Burgundy Diamond Mines Ltd                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    983076 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| WAND NEWCO 3 INC                          | Wand NewCo 3 Inc                                                                | CUSIP: 933940AA6<br>LEI: 549300Y3VZEWMSQW8494 | Long             | DBT              | CORP              | US        |   3690000 | PA      | $3862027.80   | 1.26%             | 2032-01-30      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| CAESARS ENTERTAIN INC                     | Caesars Entertainment Inc                                                       | CUSIP: 12769GAD2<br>LEI: 549300FA4CTCW903Y781 | Long             | DBT              | CORP              | US        |   4020000 | PA      | $3837640.34   | 1.25%             | 2032-10-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| FOCUS FINANCIAL PARTNERS                  | Focus Financial Partners LLC                                                    | CUSIP: 34417VAA5<br>LEI: 5493007L0E0VKRC2CP39 | Long             | DBT              | CORP              | US        |   3750000 | PA      | $3866883.75   | 1.26%             | 2031-09-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ARCTIC CANADIAN DIAMOND 2nd Lien T/L      | ARCTIC CANADIAN DIAMOND 2nd Lien T/L                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    379969 | PA      | $183335.02    | 0.06%             | 2027-12-31      | Fixed         | 17.50%                | No            |                  3 | On Loan: No      |
| AHEAD DB HOLDINGS LLC                     | Ahead DB Holdings LLC                                                           | CUSIP: 00867FAA6<br>LEI: 254900L07WFL833JX193 | Long             | DBT              | CORP              | US        |    810000 | PA      | $819216.99    | 0.27%             | 2028-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BJ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $378515.55    | 0.12%             | 2030-01-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| IRIS HOLDING INC                          | Iris Holding Inc                                                                | CUSIP: 46271BAB6<br>LEI: 54930013SPZ2NB3I3V40 | Long             | LON              | CORP              | US        |   1500000 | PA      | $1460092.50   | 0.48%             | 2028-06-28      | Floating      | 9.05%                 | No            |                  2 | On Loan: No      |
| WEX INC                                   | WEX Inc                                                                         | CUSIP: 96208TAD6<br>LEI: T9M5IGROL1TL1G5OV478 | Long             | DBT              | CORP              | US        |   1550000 | PA      | $1586668.35   | 0.52%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                    | Real Hero Merger Sub 2 Inc                                                      | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5270000 | PA      | $3156703.65   | 1.03%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCL5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4240000 | PA      | $3682706.31   | 1.20%             | 2033-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Utex                                      | Utex                                                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1150 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                                           | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |   5160000 | PA      | $5350945.80   | 1.75%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| HIGH RIDGE ESCROW BOND                    | HIGH RIDGE ESCROW BOND                                                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    125000 | PA      | $0.00         | 0.00%             | 2026-03-15      | None          | 0.00%                 | No            |                  3 | On Loan: No      |
| COMPASS MINERALS INTERNA                  | Compass Minerals International Inc                                              | CUSIP: 20451NAJ0<br>LEI: 2549008X9G8XP7YJGC47 | Long             | DBT              | CORP              | US        |   2720000 | PA      | $2832825.16   | 0.93%             | 2030-07-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                  | Engineered Machinery Holdings Inc                                               | CUSIP: 26658NAN9<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   3546499 | PA      | $3564231.50   | 1.16%             | 2029-05-21      | Floating      | 10.37%                | No            |                  2 | On Loan: No      |
| MEDICAL SOLUTIONS HOLDIN                  | MEDICAL SOLUTIONS HOLDINGS INC                                                  | CUSIP: 58462QAM3<br>LEI: 549300JH2XHZ7TIKYR39 | Long             | LON              | CORP              | US        |   1770000 | PA      | $398250.00    | 0.13%             | 2029-11-01      | Floating      | 10.85%                | No            |                  2 | On Loan: No      |
| ATHENAHEALTH GROUP INC                    | AthenaHealth Group Inc                                                          | CUSIP: 60337JAA4<br>LEI: 254900AA3KZN4Q7A5Z33 | Long             | DBT              | CORP              | US        |   8540000 | PA      | $8366811.36   | 2.73%             | 2030-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| BBAM US CLO LTD.                          | BBAM US CLO III Ltd                                                             | CUSIP: 054972AE4<br>LEI: 54930064Z7YZMOXBC128 | Long             | ABS-CBDO         | CORP              | KY        |   1150000 | PA      | $1149683.75   | 0.38%             | 2038-10-15      | Floating      | 9.14%                 | No            |                  2 | On Loan: No      |
| DG INVESTMENT INTERMEDI                   | DG INVESTMENT INTERMEDI                                                         | CUSIP: 23344MAN8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1920000 | PA      | $1927200.00   | 0.63%             | 2033-07-29      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCN1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1040000 | PA      | $925786.89    | 0.30%             | 2032-05-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MOLINA HEALTHCARE INC                     | Molina Healthcare Inc                                                           | CUSIP: 60855RAM2<br>LEI: 549300NQQCEQ46YHZ591 | Long             | DBT              | CORP              | US        |   1070000 | PA      | $1077623.75   | 0.35%             | 2033-01-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ALLIANT HOLD / CO-ISSUER                  | Alliant Holdings Intermediate LLC / Alliant Holdings Co-Issuer                  | CUSIP: 01883LAG8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1250000 | PA      | $1283592.50   | 0.42%             | 2031-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC                  | Celanese US Holdings LLC                                                        | CUSIP: 15089QBA1<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   1570000 | PA      | $1547569.72   | 0.51%             | 2033-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| AMERITEX HOLDCO INTERMED                  | AmeriTex HoldCo Intermediate LLC                                                | CUSIP: 030727AB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1890000 | PA      | $1981028.81   | 0.65%             | 2033-08-15      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Trinitas CLO Ltd                          | Trinitas CLO XXI Ltd                                                            | CUSIP: 89640KAE4<br>LEI: 254900S6ZHFKMFCQD992 | Long             | ABS-CBDO         | CORP              | BM        |   1580000 | PA      | $1578118.22   | 0.52%             | 2038-04-20      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                           | Madison IAQ LLC                                                                 | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   6240000 | PA      | $6119959.12   | 2.00%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| PEDIATRIX MEDICAL GROUP                   | Pediatrix Medical Group Inc                                                     | CUSIP: 58502BAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    560000 | PA      | $557063.25    | 0.18%             | 2030-02-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| TOUCAN FINCO LTD/CAN/US                   | Toucan FinCo Ltd/Toucan FinCo Can Inc/Toucan FinCo US LLC                       | CUSIP: 89157UAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |   4380000 | PA      | $4111673.32   | 1.34%             | 2030-05-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| ENGINEERED MACHINERY HOL                  | Engineered Machinery Holdings Inc                                               | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |   3115812 | PA      | $3131391.10   | 1.02%             | 2029-05-21      | Floating      | 9.85%                 | No            |                  2 | On Loan: No      |
| SIX FLAGS ENTERTAINME                     | Six Flags Entertainment Corp                                                    | CUSIP: 83001AAD4<br>LEI: 529900AS2CYWYFHRS781 | Long             | DBT              | CORP              | US        |    920000 | PA      | $923150.08    | 0.30%             | 2031-05-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| TEINE ENERGY LTD                          | Teine Energy Ltd                                                                | CUSIP: 879068AB0<br>LEI: 894500JBC83AX7PYEU16 | Long             | DBT              | CORP              | CA        |   5473000 | PA      | $5464233.07   | 1.79%             | 2029-04-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| SIMMONS FOOD INC/SIMMONS                  | Simmons Foods Inc/Simmons Prepared Foods Inc/Simmons Pet Food Inc/Simmons Feed  | CUSIP: 82873MAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4820000 | PA      | $4627033.71   | 1.51%             | 2029-03-01      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| HEARTLAND DENTAL LLC                      | HEARTLAND DENTAL LLC                                                            | CUSIP: 42236WAX5<br>LEI: 5493008FRC0GRKBN1075 | Long             | LON              | CORP              | US        |    736286 | PA      | $738815.12    | 0.24%             | 2032-08-25      | Floating      | 7.74%                 | No            |                  2 | On Loan: No      |
| MCGRAW-HILL EDUCATION                     | McGraw-Hill Education Inc                                                       | CUSIP: 57767XAB6<br>LEI: 254900U6YJ9QZ4IQOR26 | Long             | DBT              | CORP              | US        |   3050000 | PA      | $3076775.95   | 1.01%             | 2029-08-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                  | Century Aluminum Co                                                             | CUSIP: 156431AS7<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1533768.75   | 0.50%             | 2032-08-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| Real Alloy Holdings                       | Real Alloy Holdings                                                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         3 | NS      | $221806.08    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| AVIS BUDGET CAR/FINANCE                   | Avis Budget Car Rental LLC / Avis Budget Finance Inc                            | CUSIP: 053773BK2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    370000 | PA      | $379641.46    | 0.12%             | 2032-06-15      | Fixed         | 8.38%                 | No            |                  2 | On Loan: No      |
| GLOBAL MEDICAL RESPONSE                   | Global Medical Response Inc                                                     | CUSIP: 37960BAD7<br>LEI: 549300ZFWD4ZFCEJCQ87 | Long             | DBT              | CORP              | US        |   3110000 | PA      | $3256449.90   | 1.06%             | 2032-10-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| PATRICK INDUSTRIES INC                    | Patrick Industries Inc                                                          | CUSIP: 703343AH6<br>LEI: 549300FZ5ZTCCJ3Z5W14 | Long             | DBT              | CORP              | US        |   3054000 | PA      | $3117034.56   | 1.02%             | 2032-11-01      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                   | Beach Acquisition Bidco LLC                                                     | CUSIP: 07337JAC1<br>LEI: 254900F2FNX3GBTB6202 | Long             | DBT              | CORP              | US        |   7310000 | PA      | $7868454.76   | 2.57%             | 2033-07-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| ARCTIC CMN                                | ARCTIC CMN                                                                      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       541 | NS      | $26509.00     | 0.01%             |  |  |  | No            |                  3 | On Loan: No      |
| COVETRUS INC                              | Covetrus Inc                                                                    | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |   8826161 | PA      | $7781187.39   | 2.54%             | 2029-10-15      | Floating      | 8.91%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2690947.95   | 0.88%             | 2032-09-15      | Fixed         | 9.62%                 | No            |                  2 | On Loan: No      |
| Specialty Steel Holdings Inc              | Specialty Steel Holdings Inc                                                    | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         1 | NS      | $116459.20    | 0.04%             |  |  |  | No            |                  3 | On Loan: No      |
| JONES DESLAURIERS INSURA                  | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAB1<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   1470000 | PA      | $1545018.51   | 0.50%             | 2030-03-15      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| AMN HEALTHCARE INC                        | AMN Healthcare Inc                                                              | CUSIP: 00175PAD5<br>LEI: 549300H27NUKBFFQEE84 | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1563740.97   | 0.51%             | 2031-01-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| EZCORP INC                                | EZCORP Inc                                                                      | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    830000 | PA      | $879963.51    | 0.29%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| MH SUB I LLC                              | MH Sub I LLC                                                                    | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   8090000 | PA      | $6188850.00   | 2.02%             | 2029-02-23      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| SPECIALTY STL HOLDCO INC SR PIK ACR NT 33 | SPECIALTY STL HOLDCO INC SR PIK ACR NT 33                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    195000 | PA      | $195000.00    | 0.06%             | 2033-11-15      | Fixed         | 12.00%                | No            |                  3 | On Loan: No      |
| PERFORMANCE HEALTH HOLD                   | PERFORMANCE HEALTH HOLD                                                         | CUSIP: 71377KAD3<br>LEI: 254900ZAQ0N9AHY1Q982 | Long             | LON              | CORP              | US        |   4718175 | PA      | $4670993.25   | 1.53%             | 2032-03-19      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| CLYDESDALE ACQUISITION                    | Clydesdale Acquisition Holdings Inc                                             | CUSIP: 18972EAD7<br>LEI: 254900QKSDYFR3K5YD98 | Long             | DBT              | CORP              | US        |   3025000 | PA      | $3036419.38   | 0.99%             | 2032-04-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| BOYD GAMING CORP                          | Boyd Gaming Corp                                                                | CUSIP: 103304BV2<br>LEI: 254900787YGRYS2A1Z35 | Long             | DBT              | CORP              | US        |    940000 | PA      | $905131.83    | 0.30%             | 2031-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| KASEYA INC                                | KASEYA INC                                                                      | CUSIP: 48578AAE8<br>LEI: 254900MISXMLRZ63NH46 | Long             | LON              | CORP              | US        |   3200000 | PA      | $3174016.00   | 1.04%             | 2033-03-21      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                  | Scientific Games Holdings LP/Scientific Games US FinCo Inc                      | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8900000 | PA      | $8137078.65   | 2.66%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                  | Olympus Water US Holding Corp                                                   | CUSIP: 681639AE0<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |   1860000 | PA      | $1854862.83   | 0.61%             | 2033-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| CLOVER HOLDINGS 2 LLC                     | CLOVER HOLDINGS 2 LLC                                                           | CUSIP: 18914DAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3343200 | PA      | $3357843.22   | 1.10%             | 2031-12-09      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| FIESTA PURCHASER INC                      | Fiesta Purchaser Inc                                                            | CUSIP: 31659AAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4300000 | PA      | $4555609.20   | 1.49%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| OLYMPUS WTR US HLDG CORP                  | Olympus Water US Holding Corp                                                   | CUSIP: 681639AD2<br>LEI: 549300YU2GGVCBN3MY89 | Long             | DBT              | CORP              | US        |    830000 | PA      | $829211.50    | 0.27%             | 2031-06-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| WULF COMPUTE LLC                          | WULF Compute LLC                                                                | CUSIP: 982911AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3190000 | PA      | $3320500.57   | 1.09%             | 2030-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| LASERSHIP INC                             | LASERSHIP INC                                                                   | CUSIP: 51809EAQ8<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |   3314356 | PA      | $966681.63    | 0.32%             | 2029-08-10      | Floating      | 11.66%                | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                   | CUSIP: 893647CA3<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1490000 | PA      | $1545005.41   | 0.50%             | 2034-01-31      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| TRANSDIGM INC                             | TransDigm Inc                                                                   | CUSIP: 893647BY2<br>LEI: 88Q84GB3X55CF5OC7582 | Long             | DBT              | CORP              | US        |   1520000 | PA      | $1553833.62   | 0.51%             | 2033-05-31      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| GOAT HOLDCO LLC                           | Goat Holdco LLC                                                                 | CUSIP: 38021MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3030000 | PA      | $3098889.75   | 1.01%             | 2032-02-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JONES DESLAURIERS INSURA                  | Jones Deslauriers Insurance Management Inc                                      | CUSIP: 48020RAE5<br>LEI: 549300JQIWNFU00E5424 | Long             | DBT              | CORP              | CA        |   2740000 | PA      | $2716846.45   | 0.89%             | 2033-10-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| EMRLD BOR / EMRLD CO-ISS                  | EMRLD Borrower LP / Emerald Co-Issuer Inc                                       | CUSIP: 29103CAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2230000 | PA      | $2295350.15   | 0.75%             | 2030-12-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| ARSENAL AIC PARENT LLC                    | Arsenal AIC Parent LLC                                                          | CUSIP: 04288BAB6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1450000 | PA      | $1541589.25   | 0.50%             | 2030-10-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION                    | Northwest Acquisitions ULC / Dominion Finco Inc                                 | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1650000 | PA      | $0.00         | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| COREWEAVE INC                             | CoreWeave Inc                                                                   | CUSIP: 21873SAC2<br>LEI: 984500511DP2B6186053 | Long             | DBT              | CORP              | US        |   4620000 | PA      | $4624398.89   | 1.51%             | 2031-02-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Sterling Entertainment Enterprises, LLC   | Sterling Entertainment Enterprises, LLC                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    106734 | PA      | $18891.87     | 0.01%             | 2026-04-10      | Floating      | 17.75%                | Yes           |                  3 | On Loan: No      |
| POST HOLDINGS INC                         | Post Holdings Inc                                                               | CUSIP: 737446AX2<br>LEI: JM1I5YUAURL6DC8N1468 | Long             | DBT              | CORP              | US        |   2330000 | PA      | $2362876.30   | 0.77%             | 2034-10-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| INVERSION ESCROW ISSUER                   | Inversion Escrow Issuer LLC                                                     | CUSIP: 46150DAA0<br>LEI: 254900P6GHORGRVLKI95 | Long             | DBT              | CORP              | US        |    410000 | PA      | $400688.49    | 0.13%             | 2032-08-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| JETBLUE AIRWAYS/LOYALTY                   | JetBlue Airways Corp / JetBlue Loyalty LP                                       | CUSIP: 476920AA1<br>LEI: N/A                  | Long             | DBT              | CORP              | N/A       |    470000 | PA      | $462361.41    | 0.15%             | 2031-09-20      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| HARVEST MIDSTREAM I LP                    | Harvest Midstream I LP                                                          | CUSIP: 417558AA1<br>LEI: 549300DW5M17KJOXCY66 | Long             | DBT              | CORP              | US        |   3080000 | PA      | $3126655.84   | 1.02%             | 2028-09-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP                    | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCP6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2930000 | PA      | $2463999.03   | 0.81%             | 2034-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| INFINITE BIDCO LLC                        | Infinite Bidco LLC                                                              | CUSIP: 45674KAB1<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |   2798724 | PA      | $2700768.36   | 0.88%             | 2028-03-02      | Floating      | 7.92%                 | No            |                  2 | On Loan: No      |
| ALTAR BIDCO INC                           | Altar Bidco Inc                                                                 | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3794939 | PA      | $3635437.77   | 1.19%             | 2030-02-01      | Floating      | 9.84%                 | No            |                  2 | On Loan: No      |
| SURGERY CENTER HOLDINGS                   | Surgery Center Holdings Inc                                                     | CUSIP: 86881WAF9<br>LEI: 54930054EVI5HWPPW113 | Long             | DBT              | CORP              | US        |   5290000 | PA      | $5450990.57   | 1.78%             | 2032-04-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                   | Baffinland Iron Mines Corp / Baffinland Iron Mines LP                           | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |  12480000 | PA      | $11238384.77  | 3.67%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                              | SPX FLOW Inc                                                                    | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |   4505000 | PA      | $4622102.97   | 1.51%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ELLUCIAN HOLDINGS INC                     | Ellucian Holdings Inc                                                           | CUSIP: 289178AA3<br>LEI: 549300RP8NIJ7FY7OS79 | Long             | DBT              | CORP              | US        |   1331000 | PA      | $1349503.56   | 0.44%             | 2029-12-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CONCENTRA HEALTH SERVICE                  | Concentra Health Services Inc                                                   | CUSIP: 20600DAA1<br>LEI: 984500GB84105F75DE32 | Long             | DBT              | CORP              | US        |   1470000 | PA      | $1535071.02   | 0.50%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| MAJORDRIVE HOLDINGS IV L                  | MajorDrive Holdings IV LLC                                                      | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |   3891051 | PA      | $3787685.11   | 1.24%             | 2028-06-01      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| EYECARE PARTNERS LLC                      | EYECARE PARTNERS LLC                                                            | CUSIP: 30233PAR1<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |    305803 | PA      | $71099.28     | 0.02%             | 2028-11-30      | Floating      | 0.01%                 | No            |                  2 | On Loan: No      |
| CLEVELAND-CLIFFS INC                      | Cleveland-Cliffs Inc                                                            | CUSIP: 185899AR2<br>LEI: 549300TM2WLI2BJMDD86 | Long             | DBT              | CORP              | US        |   3060000 | PA      | $3169648.98   | 1.04%             | 2033-05-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| SGH2 LLC                                  | SGH2 LLC                                                                        | CUSIP: 78424SAB8<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    810000 | PA      | $811539.00    | 0.27%             | 2032-08-18      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-12-22

**Name of Applicant:** FundVantage Trust

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer