# EDGAR Filing Document

**Accession Number:** 0001027596
**File Stem:** 0001145549-23-004406
**Filing Date:** 2023-1
**Character Count:** 54060
**Document Hash:** 81781763e4ddccc7e155461e3bcf4cd5
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004406.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004406

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20221130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** ADVISORS SERIES TRUST
- **CENTRAL INDEX KEY:** 0001027596
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1031

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07959
- **FILM NUMBER:** 23565884

**BUSINESS ADDRESS:**
- **STREET 1:** U.S BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-5340

**MAIL ADDRESS:**
- **STREET 1:** 615 E MICHIGAN STREET
- **STREET 2:** MK-WI-LC2
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Semper Short Duration Fund (Series ID: S000044807)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000139162 | Institutional Class | SEMIX           |
| C000139163 | Investor Class      | SEMRX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-07959

- **c. CIK number of Registrant:** 0001027596

- **d. LEI of Registrant:** 2549003Z0J6URS6I4Y63

- **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:** 626-914-7363

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

- **a. Name of Series:** Semper Short Duration Fund

- **b. EDGAR series identifier (if any):** S000044807

- **c. LEI of Series:** 549300MF968VBDGE3F26

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

- **a. Date of fiscal year-end:** 2022-11-30

- **b. Date as of which information is reported:** 2022-11-30

**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:** $197015241.88

**Total Liabilities:** $1088801.62

**Net Assets:** $195926440.26

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 13756.068079141769 | **1-Year:** 7536.594048436292 | **5-Year:** 9012.700477379022 | **10-Year:** 1713.813937316586 | **30-Year:** 70.529249820498

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

- **3-Month:** 3171.795226026915 | **1-Year:** 4011.498192267648 | **5-Year:** 7145.874761591089 | **10-Year:** 5589.265729178534 | **30-Year:** 252.737147201902

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000139162 | -0.85%               | -1.01%               | 0.98%                |
| Class ID C000139163 | -0.87%               | -1.04%               | 1.07%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-72270.66               | $-2405013.43                               |
| Month 2  | $-198094.80              | $-2608817.77                               |
| Month 3  | $-295694.93              | $1422387.61                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Commercial Mortgage Trust 2 | BX Commercial Mortgage Trust 2019-XL                   | CUSIP: 056054AK5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1717000 | PA      | $1642523.06   | 0.84%             | 2036-10-15      | Floating      | 6.21%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2021-SOAR                 | CUSIP: 05608WAN4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3473686 | PA      | $3252264.34   | 1.66%             | 2038-06-15      | Floating      | 5.68%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2020-FL3 Ltd                                      | CUSIP: 05608XAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1250000 | PA      | $1232098.75   | 0.63%             | 2037-11-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2021-FL4 Ltd                                      | CUSIP: 05609GAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3000000 | PA      | $2762514.00   | 1.41%             | 2038-05-15      | Floating      | 5.63%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2021-VOLT                 | CUSIP: 05609VAQ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2500000 | PA      | $2311558.75   | 1.18%             | 2036-09-15      | Floating      | 6.28%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2021-VOLT                 | CUSIP: 05609VAS4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1375101.00   | 0.70%             | 2036-09-15      | Floating      | 6.73%                 | No            |                  2 | On Loan: No      |
| Bayview Commercial Asset Trust | Bayview Commercial Asset Trust 2007-2                  | CUSIP: 07325XAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    205583 | PA      | $180572.84    | 0.09%             | 2037-07-25      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | STACR Trust 2018-HRP2                                  | CUSIP: 35564ABF7<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |   1834958 | PA      | $1786728.12   | 0.91%             | 2047-02-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | STACR Trust 2018-HRP2                                  | CUSIP: 35564ACB5<br>LEI: 549300YG8OJES76WL398 | Long             | ABS-MBS          | CORP              | US        |   2042000 | PA      | $1964221.65   | 1.00%             | 2047-02-25      | Floating      | 8.22%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-DNA1                | CUSIP: 35564KBD0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1060000 | PA      | $892676.88    | 0.46%             | 2051-01-25      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-HQA1                | CUSIP: 35564KBZ1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4500000 | PA      | $4508423.55   | 2.30%             | 2033-08-25      | Floating      | 4.77%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Structured Agency Credit Risk Debt Notes   | CUSIP: 35564KDB2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   4112000 | PA      | $3961640.61   | 2.02%             | 2033-08-25      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Structured Agency Credit Risk Debt Notes   | CUSIP: 35564KDX4<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   2060000 | PA      | $1853259.22   | 0.95%             | 2033-08-25      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-DNA3                | CUSIP: 35564KFG9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1334945.85   | 0.68%             | 2033-10-25      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-DNA5                | CUSIP: 35564KJA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3269000 | PA      | $2921349.04   | 1.49%             | 2034-01-25      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2021-DNA6                | CUSIP: 35564KKY4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1285000 | PA      | $1202302.54   | 0.61%             | 2041-10-25      | Floating      | 5.05%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-DNA7                | CUSIP: 35564KL31<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1379089 | PA      | $1378674.81   | 0.70%             | 2052-03-25      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2022-DNA3                | CUSIP: 35564KUX5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2874552.00   | 1.47%             | 2042-04-25      | Floating      | 6.42%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Stacr Remic Trust 2020-DNA1                | CUSIP: 35565HBD6<br>LEI: 5493003FQV7GR462GO02 | Long             | ABS-MBS          | CORP              | US        |   3300000 | PA      | $3151240.29   | 1.61%             | 2050-01-25      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2020-HQA4                | CUSIP: 35565RBD4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $1016875.00   | 0.52%             | 2050-09-25      | Floating      | 9.27%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Structured Agency Credit Risk Debt Notes   | CUSIP: 35565TBD0<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   1350000 | PA      | $1255181.40   | 0.64%             | 2050-11-25      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2020-DNA4                | CUSIP: 35565XBD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1085129 | PA      | $1152950.07   | 0.59%             | 2050-08-25      | Floating      | 10.02%                | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac STACR REMIC Trust 2020-DNA6                | CUSIP: 35566CBD6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    775000 | PA      | $721301.96    | 0.37%             | 2050-12-25      | Floating      | 6.52%                 | No            |                  2 | On Loan: No      |
| GSAA Home Equity Trust         | GSAA Trust 2004-3                                      | CUSIP: 36228F3R5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     33824 | PA      | $30310.72     | 0.02%             | 2034-04-25      | Variable      | 6.72%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2020-4               | CUSIP: 36261EAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750000 | PA      | $1662606.58   | 0.85%             | 2026-10-15      | Fixed         | 1.64%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association               | CUSIP: 38373M5R7<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |    302690 | PA      | $739.88       | 0.00%             | 2049-01-16      | Variable      | 0.39%                 | No            |                  2 | On Loan: No      |
| Government National Mortgage A | Government National Mortgage Association               | CUSIP: 38375QR27<br>LEI: 549300M8ZYFG0OCMTT87 | Long             | ABS-MBS          | USGA              | US        |      6329 | PA      | $6358.38      | 0.00%             | 2037-06-20      | Variable      | 5.48%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL2 Ltd                               | CUSIP: 40390JAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1376641.95   | 0.70%             | 2036-09-17      | Floating      | 6.04%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL2 Ltd                               | CUSIP: 40390JAJ1<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2038000 | PA      | $1863479.33   | 0.95%             | 2036-09-17      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL1 Ltd                               | CUSIP: 40441LAG1<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2370809.75   | 1.21%             | 2036-06-16      | Floating      | 5.59%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL1 Ltd                               | CUSIP: 40441LAJ5<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1850823.40   | 0.94%             | 2036-06-16      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| HGI CRE CLO Ltd                | HGI CRE CLO 2021-FL1 Ltd                               | CUSIP: 40441LAL0<br>LEI: 549300VYJ293N0KO2L78 | Long             | ABS-CBDO         | CORP              | KY        |    750000 | PA      | $691799.48    | 0.35%             | 2036-06-16      | Floating      | 6.84%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                    | Home RE 2021-1 Ltd                                     | CUSIP: 437307AC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1000000 | PA      | $965220.40    | 0.49%             | 2033-07-25      | Floating      | 6.34%                 | No            |                  2 | On Loan: No      |
| Home Re Ltd                    | Home RE 2021-1 Ltd                                     | CUSIP: 437307AD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1000000 | PA      | $928608.90    | 0.47%             | 2033-07-25      | Floating      | 6.89%                 | No            |                  2 | On Loan: No      |
| ICG US CLO Ltd                 | ICG US CLO 2015-1 Ltd                                  | CUSIP: 44931AAJ8<br>LEI: 254900IL8TH4VLG5DO47 | Long             | ABS-CBDO         | CORP              | KY        |   1284807 | PA      | $1268746.76   | 0.65%             | 2028-10-19      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| IMC Home Equity Loan Trust     | Imc Home Equity Loan Trust 1998-3                      | CUSIP: 449670EQ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      2400 | PA      | $2377.00      | 0.00%             | 2029-08-20      | Variable      | 5.43%                 | No            |                  2 | On Loan: No      |
| J.P. Morgan Wealth Management  | JPMorgan Chase Bank NA - JPMWM                         | CUSIP: 46591HBM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1237329 | PA      | $1066720.94   | 0.54%             | 2051-03-25      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2014-IVR6                     | CUSIP: 46643QAF5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1638898 | PA      | $1368801.37   | 0.70%             | 2044-07-25      | Variable      | 4.39%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2014-IVR6                     | CUSIP: 46643QAX6<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    171940 | PA      | $166820.12    | 0.09%             | 2044-07-25      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2018-7FRB                     | CUSIP: 46650AAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2714386 | PA      | $2479891.64   | 1.27%             | 2046-04-25      | Variable      | 4.37%                 | No            |                  2 | On Loan: No      |
| JP Morgan Mortgage Trust       | JP Morgan Mortgage Trust 2019-6                        | CUSIP: 46651BBA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4207531 | PA      | $3599478.68   | 1.84%             | 2049-12-25      | Variable      | 4.24%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR Financial CLO 2013-1 Ltd                           | CUSIP: 48249VAN1<br>LEI: 549300ZUUB37M3VWNC17 | Long             | ABS-CBDO         | CORP              | KY        |   1645525 | PA      | $1628860.69   | 0.83%             | 2029-04-15      | Floating      | 5.37%                 | No            |                  2 | On Loan: No      |
| KKR Financial CLO Ltd          | KKR CLO 9 Ltd                                          | CUSIP: 48250LAW9<br>LEI: 549300C6QY0XRSC8FH09 | Long             | ABS-CBDO         | CORP              | KY        |    742535 | PA      | $728225.21    | 0.37%             | 2030-07-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| KORTH DIRECT MORTGAGE          | Korth Direct Mortgage Inc                              | CUSIP: 50067HDD6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1891250.00   | 0.97%             | 2025-03-25      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| LSTAR Securities Investment Lt | LSTAR Securities Investment Ltd 2019-3                 | CUSIP: 50220XAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1366789 | PA      | $1376796.76   | 0.70%             | 2024-04-01      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| Lehman Mortgage Trust          | Lehman Mortgage Trust 2008-4                           | CUSIP: 52524UAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    738180 | PA      | $230130.85    | 0.12%             | 2037-01-25      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt | LSTAR Securities Investment Ltd 2019-4                 | CUSIP: 54912JAB8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2075091 | PA      | $2089942.76   | 1.07%             | 2024-05-01      | Floating      | 8.62%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt | LSTAR Securities Investment Ltd 2020-1                 | CUSIP: 54912MAA3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    231653 | PA      | $209775.59    | 0.11%             | 2026-02-01      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| LSTAR Securities Investment Lt | LSTAR Securities Investment Ltd 2021-2                 | CUSIP: 54912PAB4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3371000 | PA      | $3395105.01   | 1.73%             | 2026-03-02      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 Multifamily Housing Mortgage Loan Trust            | CUSIP: 55282XAJ9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1403982.15   | 0.72%             | 2036-07-15      | Floating      | 6.48%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL6 Ltd                                       | CUSIP: 55283TAG3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3300000 | PA      | $3089781.42   | 1.58%             | 2036-07-16      | Floating      | 5.76%                 | No            |                  2 | On Loan: No      |
| MF1 Multifamily Housing Mortga | MF1 2021-FL7 Ltd                                       | CUSIP: 55284AAL2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1700000 | PA      | $1568447.37   | 0.80%             | 2036-10-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| Mountain View CLO Ltd          | Mountain View CLO X Ltd                                | CUSIP: 62432CAQ4<br>LEI: 549300RHYK4B5L898W39 | Long             | ABS-CBDO         | CORP              | KY        |   1013327 | PA      | $1008206.87   | 0.51%             | 2027-10-13      | Floating      | 4.76%                 | No            |                  2 | On Loan: No      |
| Nassau 2017-II LTD             | Nassau 2017-II Ltd                                     | CUSIP: 631709AA0<br>LEI: 549300UA9BSPM14TR379 | Long             | ABS-CBDO         | CORP              | KY        |    732791 | PA      | $724921.76    | 0.37%             | 2030-01-15      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Neuberger Berman CLO Ltd       | Neuberger Berman Loan Advisers CLO 25 Ltd              | CUSIP: 64131JAL0<br>LEI: 549300YJLHTYDSFV8K03 | Long             | ABS-CBDO         | CORP              | KY        |   2955000 | PA      | $2906777.36   | 1.48%             | 2029-10-18      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Newfleet CLO, Ltd.             | Newfleet CLO 2016-1 Ltd                                | CUSIP: 65130PAN0<br>LEI: 5493003RFBB86V8THH68 | Long             | ABS-CBDO         | CORP              | KY        |     61564 | PA      | $61218.55     | 0.03%             | 2028-04-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| AMSR Trust                     | AMSR 2020-SFR4 Trust                                   | CUSIP: 66981FAJ9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2089000 | PA      | $1867367.55   | 0.95%             | 2037-11-17      | Fixed         | 4.87%                 | No            |                  2 | On Loan: No      |
| OHA Credit Partners Ltd        | OHA Credit Partners VII Ltd                            | CUSIP: 67102QAV0<br>LEI: 549300LXLBAFTIMXZT54 | Long             | ABS-CBDO         | CORP              | KY        |    726000 | PA      | $700036.79    | 0.36%             | 2034-02-20      | Floating      | 5.75%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM VIII Ltd                                          | CUSIP: 67107FBL0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2241405 | PA      | $2203729.41   | 1.12%             | 2029-10-17      | Floating      | 5.06%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM VI Ltd                                            | CUSIP: 67108LAW3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2955608 | PA      | $2889260.98   | 1.47%             | 2031-04-17      | Floating      | 5.16%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor RE 2021-2 Ltd                                   | CUSIP: 75049GAB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2066000 | PA      | $1948280.77   | 0.99%             | 2031-11-25      | Floating      | 7.25%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor RE 2022-1 Ltd                                   | CUSIP: 75049XAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3000000 | PA      | $2989727.70   | 1.53%             | 2032-09-25      | Floating      | 7.30%                 | No            |                  2 | On Loan: No      |
| Radnor Re LTD                  | Radnor RE 2021-1 Ltd                                   | CUSIP: 75279YAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   1500000 | PA      | $1425386.10   | 0.73%             | 2033-12-27      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Regatta XIV Funding Ltd        | Regatta XIV Funding Ltd                                | CUSIP: 75888MAE0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $979360.00    | 0.50%             | 2031-10-25      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| SLM Student Loan Trust         | SLM Private Credit Student Loan Trust 2003-C           | CUSIP: 78443CBC7<br>LEI: 549300IQIXBXDNPLSE92 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $194236.40    | 0.10%             | 2032-09-15      | Floating      | 4.95%                 | No            |                  2 | On Loan: No      |
| Starwood Commercial Mortgage T | STWD 2021-FL2 Ltd                                      | CUSIP: 78486BAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1838157.70   | 0.94%             | 2038-04-18      | Floating      | 6.71%                 | No            |                  2 | On Loan: No      |
| Credit-Based Asset Servicing a | Credit-Based Asset Servicing and Securitization LLC    | CUSIP: 79549ARU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |         3 | PA      | $2.61         | 0.00%             | 2033-01-25      | Variable      | 3.95%                 | No            |                  2 | On Loan: No      |
| Saranac CLO LTD                | Saranac CLO III Ltd                                    | CUSIP: 803169AN1<br>LEI: 5493000LWP4BVD5LGS13 | Long             | ABS-CBDO         | CORP              | JE        |   1734104 | PA      | $1713858.78   | 0.87%             | 2030-06-22      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Saranac CLO LTD                | Saranac Clo VII Ltd                                    | CUSIP: 80317EAA7<br>LEI: 5493000RC2FP2JRHW627 | Long             | ABS-CBDO         | CORP              | JE        |   1994458 | PA      | $1971116.78   | 1.01%             | 2029-11-20      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | SoFi Professional Loan Program 2016-C LLC              | CUSIP: 83402DAA9<br>LEI: 5493005DZE8VF033DB25 | Long             | ABS-O            | CORP              | US        |     60382 | PA      | $60370.76     | 0.03%             | 2036-10-27      | Floating      | 5.12%                 | No            |                  2 | On Loan: No      |
| Social Professional Loan Progr | Sofi Professional Loan Program 2016-B LLC              | CUSIP: 83402JAA6<br>LEI: 549300WT845S0N68C331 | Long             | ABS-O            | CORP              | US        |     57716 | PA      | $57689.04     | 0.03%             | 2033-06-25      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point CLO V-R LTD                                | CUSIP: 83607EAA0<br>LEI: 549300UPX3H8ENJXHI23 | Long             | ABS-CBDO         | CORP              | KY        |   1550000 | PA      | $1508895.40   | 0.77%             | 2031-07-18      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| Sound Point CLO LTD            | Sound Point Clo XXI Ltd                                | CUSIP: 83613HAA5<br>LEI: 5493001O6AOY43J70E72 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $971773.00    | 0.50%             | 2031-10-26      | Floating      | 5.51%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST STUDENT LOAN | South Carolina Student Loan Corp                       | CUSIP: 83715AAM1<br>LEI: 549300PIO3ZMSROGFF38 | Long             | DBT              | MUN               | US        |     88730 | PA      | $88109.26     | 0.04%             | 2041-01-25      | Floating      | 4.54%                 | No            |                  2 | On Loan: No      |
| Star Trust                     | STAR 2021-SFR1 Trust                                   | CUSIP: 85521DAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3460000 | PA      | $3203992.87   | 1.64%             | 2038-04-17      | Floating      | 5.60%                 | No            |                  2 | On Loan: No      |
| Telos CLO Ltd                  | Telos CLO 2013-4 Ltd                                   | CUSIP: 87974HAS0<br>LEI: 635400UODWAQKOLDKL79 | Long             | ABS-CBDO         | CORP              | KY        |   1063083 | PA      | $1047003.12   | 0.53%             | 2030-01-17      | Floating      | 5.32%                 | No            |                  2 | On Loan: No      |
| Towd Point Asset Funding, LLC  | Towd Point HE Trust 2021- HE1                          | CUSIP: 89180DAD8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1230000 | PA      | $1081634.69   | 0.55%             | 2063-02-25      | Variable      | 2.50%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2019-2          | CUSIP: 92257NAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    389580 | PA      | $345920.43    | 0.18%             | 2049-07-25      | Variable      | 3.48%                 | No            |                  2 | On Loan: No      |
| Velocity Commercial Capital Lo | Velocity Commercial Capital Loan Trust 2017-2          | CUSIP: 92258VAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    106052 | PA      | $105459.39    | 0.05%             | 2047-11-25      | Floating      | 4.94%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture XVII CLO Ltd                                   | CUSIP: 92329YAL0<br>LEI: 549300SNYYGJ2M6QEK53 | Long             | ABS-CBDO         | CORP              | KY        |   1342935 | PA      | $1321130.21   | 0.67%             | 2027-04-15      | Floating      | 4.96%                 | No            |                  2 | On Loan: No      |
| Wellfleet CLO Ltd              | Wellfleet CLO 2017-2A Ltd                              | CUSIP: 94951MAJ2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2925980 | PA      | $2881684.05   | 1.47%             | 2029-10-20      | Floating      | 5.30%                 | No            |                  2 | On Loan: No      |
| Zais CLO 8, Limited            | Zais CLO 8 Ltd                                         | CUSIP: 98885GAA6<br>LEI: 549300XI7G6FVIEXZ367 | Long             | ABS-CBDO         | CORP              | KY        |   1010779 | PA      | $998197.18    | 0.51%             | 2029-04-15      | Floating      | 5.03%                 | No            |                  2 | On Loan: No      |
| Anchorage Capital CLO LTD      | Anchorage Capital CLO 4-R Ltd                          | CUSIP: 03328LAA0<br>LEI: 549300MP4QPQUMB6AD63 | Long             | ABS-CBDO         | CORP              | KY        |   2448796 | PA      | $2416795.19   | 1.23%             | 2031-01-28      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| Angel Oak Mortgage Trust       | Angel Oak Mortgage Trust 2021-3                        | CUSIP: 03465EAD3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    620000 | PA      | $362008.89    | 0.18%             | 2066-05-25      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                     | Apidos CLO XXIV                                        | CUSIP: 03759CAS9<br>LEI: 549300PPHIOJQEKPJH29 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2455747.00   | 1.25%             | 2030-10-20      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| Apidos CLO                     | Apidos CLO XV                                          | CUSIP: 03764QBC5<br>LEI: 549300HXW2GBYSKFE344 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $984373.00    | 0.50%             | 2031-04-20      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd | CUSIP: 03881EAG2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1113000 | PA      | $1042584.05   | 0.53%             | 2036-05-15      | Floating      | 5.83%                 | No            |                  2 | On Loan: No      |
| Arbor Realty Collateralized Lo | Arbor Realty Commercial Real Estate Notes 2021-FL2 Ltd | CUSIP: 03881EAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3000000 | PA      | $2777620.50   | 1.42%             | 2036-05-15      | Floating      | 6.38%                 | No            |                  2 | On Loan: No      |
| Atlas Senior Loan Fund LTD     | Atlas Senior Loan Fund IX Ltd                          | CUSIP: 04941VAC9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    919502 | PA      | $912606.05    | 0.47%             | 2028-04-20      | Floating      | 5.11%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                        | BDS 2021-FL10 Ltd                                      | CUSIP: 05493FAG4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   3250000 | PA      | $3027101.03   | 1.55%             | 2036-06-16      | Floating      | 6.29%                 | No            |                  2 | On Loan: No      |
| BDS Ltd                        | BDS 2021-FL10 Ltd                                      | CUSIP: 05493FAJ8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2299987.25   | 1.17%             | 2036-06-16      | Floating      | 6.74%                 | No            |                  2 | On Loan: No      |
| BX Commercial Mortgage Trust 2 | BX Commercial Mortgage Trust 2019-XL                   | CUSIP: 056054AJ8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    850000 | PA      | $817102.03    | 0.42%             | 2036-10-15      | Floating      | 5.91%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2021-FL4 Ltd                                      | CUSIP: 05609GAJ7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | US        |   3500000 | PA      | $3200351.00   | 1.63%             | 2038-05-15      | Floating      | 6.13%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                      | CUSIP: 07876AAC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   3450000 | PA      | $3064694.00   | 1.56%             | 2031-06-25      | Floating      | 5.40%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re Ltd                                      | CUSIP: 07876MAC1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | BM        |   2685000 | PA      | $2559060.61   | 1.31%             | 2031-03-25      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade RE 2021-3 Ltd                               | CUSIP: 078777AD1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1725000 | PA      | $1522841.90   | 0.78%             | 2031-09-25      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| BELLEMEADE RE LT               | Bellemeade Re 2020-3 Ltd                               | CUSIP: 07877KAG5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1764000 | PA      | $1726598.79   | 0.88%             | 2030-10-25      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| Benefit Street Partners CLO Lt | Benefit Street Partners CLO V-B Ltd                    | CUSIP: 08181JAA0<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1680000 | PA      | $1649162.76   | 0.84%             | 2031-04-20      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| Bombardier Capital Mortgage Se | BCMSC Trust 1999-B                                     | CUSIP: 09774XBD3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     86567 | PA      | $12748.75     | 0.01%             | 2029-12-15      | Variable      | 7.18%                 | No            |                  2 | On Loan: No      |
| Boston Lending Trust 2021-1    | Boston Lending Trust 2021-1                            | CUSIP: 100842AB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1103048 | PA      | $908054.11    | 0.46%             | 2061-07-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Boston Lending Trust 2021-1    | Boston Lending Trust 2021-1                            | CUSIP: 100842AC7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    513046 | PA      | $408018.36    | 0.21%             | 2061-07-25      | Variable      | 2.00%                 | No            |                  2 | On Loan: No      |
| Brean Asset Backed Securities  | Brean Asset Backed Securities Trust 2022-RM5           | CUSIP: 10637WAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2162096 | PA      | $1976295.85   | 1.01%             | 2062-09-25      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2020-FL2 LTD                                      | CUSIP: 12434LAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2950000 | PA      | $2781094.80   | 1.42%             | 2038-02-15      | Floating      | 5.64%                 | No            |                  2 | On Loan: No      |
| BXMT Ltd                       | BXMT 2020-FL2 LTD                                      | CUSIP: 12434LAJ3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $1906323.30   | 0.97%             | 2038-02-15      | Floating      | 5.94%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2014-5 Ltd        | CUSIP: 14311AAS1<br>LEI: 549300ODZUR61VZRRZ07 | Long             | ABS-CBDO         | CORP              | KY        |   2243454 | PA      | $2201305.44   | 1.12%             | 2031-07-15      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-1 Ltd        | CUSIP: 14311DBN5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1761799 | PA      | $1720190.04   | 0.88%             | 2031-07-20      | Floating      | 5.22%                 | No            |                  2 | On Loan: No      |
| Centex Home Equity             | Centex Home Equity Loan Trust 2003-A                   | CUSIP: 152314GL8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |      9082 | PA      | $8947.73      | 0.00%             | 2031-12-25      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2020-SBT1          | CUSIP: 20753VBE7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1983000 | PA      | $1941723.66   | 0.99%             | 2040-02-25      | Floating      | 7.67%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2021-R03           | CUSIP: 20754AAB9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    510000 | PA      | $470316.29    | 0.24%             | 2041-12-25      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2019-R06           | CUSIP: 20754JAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2000000 | PA      | $1935810.40   | 0.99%             | 2039-09-25      | Floating      | 7.79%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2021-R01           | CUSIP: 20754RAB2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3350000 | PA      | $3220020.00   | 1.64%             | 2041-10-25      | Floating      | 5.07%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Connecticut Avenue Securities Trust 2021-R01           | CUSIP: 20754RAF3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1150000 | PA      | $1060875.00   | 0.54%             | 2041-10-25      | Floating      | 6.62%                 | No            |                  2 | On Loan: No      |
| Crestline Denali CLO XVII, LLC | Crestline Denali CLO XVII Ltd                          | CUSIP: 22616TAJ5<br>LEI: 254900BNO2GIP36AKL73 | Long             | ABS-CBDO         | CORP              | KY        |   2500000 | PA      | $2459637.50   | 1.26%             | 2031-10-15      | Floating      | 5.14%                 | No            |                  2 | On Loan: No      |
| Crown Point CLO Ltd            | Crown Point CLO IV Ltd                                 | CUSIP: 22845XAC4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   2177000 | PA      | $2139503.35   | 1.09%             | 2031-04-20      | Floating      | 5.34%                 | No            |                  2 | On Loan: No      |
| DBCG Mortgage Trust            | DBCG 2017-BBG Mortgage Trust                           | CUSIP: 233062AJ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    350000 | PA      | $337759.63    | 0.17%             | 2034-06-15      | Floating      | 4.88%                 | No            |                  2 | On Loan: No      |
| Eagle Re Ltd                   | Eagle RE 2021-1 Ltd                                    | CUSIP: 26983BAC5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3865000 | PA      | $3772388.42   | 1.93%             | 2033-10-25      | Floating      | 6.25%                 | No            |                  2 | On Loan: No      |
| Ellington CLO LTD              | Ellington CLO IV Ltd                                   | CUSIP: 28853RAL3<br>LEI: 25490064KF1PM0300Z69 | Long             | ABS-CBDO         | CORP              | KY        |    613986 | PA      | $609703.12    | 0.31%             | 2029-04-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2021-4             | CUSIP: 30165JAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    560000 | PA      | $506936.64    | 0.26%             | 2028-01-17      | Fixed         | 1.96%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2021-1             | CUSIP: 30165XAF2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    950000 | PA      | $866612.71    | 0.44%             | 2027-04-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Fannie Mae Connecticut Avenue Securities               | CUSIP: 30711XAR5<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |     93337 | PA      | $94269.87     | 0.05%             | 2024-11-25      | Floating      | 9.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Fannie Mae Connecticut Avenue Securities               | CUSIP: 30711XEQ3<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   2960000 | PA      | $3184007.18   | 1.63%             | 2029-07-25      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Fannie Mae Connecticut Avenue Securities               | CUSIP: 30711XFG4<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    191468 | PA      | $191255.32    | 0.10%             | 2029-07-25      | Floating      | 5.27%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Fannie Mae Connecticut Avenue Securities               | CUSIP: 30711XJV7<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |   1000000 | PA      | $978656.60    | 0.50%             | 2029-10-25      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| Fannie Mae - CAS               | Fannie Mae Connecticut Avenue Securities               | CUSIP: 30711XLT9<br>LEI: B1V7KEBTPIMZEU4LTD58 | Long             | ABS-MBS          | CORP              | US        |    917253 | PA      | $931467.30    | 0.48%             | 2029-11-25      | Floating      | 6.87%                 | No            |                  2 | On Loan: No      |
| Freddie Mac                    | Freddie Mac REMICS                                     | CUSIP: 3137A8ZN1<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |       134 | PA      | $134.05       | 0.00%             | 2026-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Structured Agency Credit Risk Debt Notes   | CUSIP: 3137G0RY7<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |   1500000 | PA      | $1479154.50   | 0.75%             | 2030-04-25      | Floating      | 6.37%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | STACR Trust 2018-HRP1                                  | CUSIP: 3137G0VC0<br>LEI: 549300D2VO9JVX6KU482 | Long             | ABS-MBS          | CORP              | US        |     81816 | PA      | $81860.87     | 0.04%             | 2043-04-25      | Floating      | 5.67%                 | No            |                  2 | On Loan: No      |
| Freddie Mac Whole Loan Securit | Freddie Mac Whole Loan Securities Trust                | CUSIP: 3137G1BM8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |    242047 | PA      | $232137.95    | 0.12%             | 2046-12-25      | Variable      | 3.65%                 | No            |                  2 | On Loan: No      |
| Freddie Mac - STACR            | Freddie Mac Structured Agency Credit Risk Debt Notes   | CUSIP: 3137G1CT2<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | CORP              | US        |     29416 | PA      | $27845.00     | 0.01%             | 2048-05-25      | Variable      | 3.84%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund             | CUSIP: 31846V567<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3307755 | NS      | $3307755.11   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-30

**Name of Applicant:** Advisors Series Trust

**Signature:** /s/ Cheryl L. King

**Name of Signer:** Advisors Series Trust

**Title:** Vice President, Treasurer