# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-23-006831
**Filing Date:** 2023-2
**Character Count:** 70352
**Document Hash:** e78fd5e26a6b7c05b046d5257cd89332
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-006831.hdr.sgml**: 20230217

**ACCESSION NUMBER**: 0001145549-23-006831

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230217

**DATE AS OF CHANGE**: 20230217

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 23641969

**BUSINESS ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212
- **BUSINESS PHONE:** 626-914-4141

**MAIL ADDRESS:**
- **STREET 1:** 235 WEST GALENA STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53212

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Trust
- **DATE OF NAME CHANGE:** 20050603

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Claymore Equity Trust
- **DATE OF NAME CHANGE:** 20050218

## Series and Classes Contracts Data

### Palmer Square Ultra-Short Duration Investment Grade Fund (Series ID: S000050277)

| Class ID   | Class Name                                               | Ticker Symbol   |
|:---|:---|:---|
| C000158749 | Palmer Square Ultra-Short Duration Investment Grade Fund | PSDSX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** INVESTMENT MANAGERS SERIES TRUST

- **b. Investment Company Act file number:** 811-21719

- **c. CIK number of Registrant:** 0001318342

- **d. LEI of Registrant:** 549300ESWU4ZNAH5Y054

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

  - **Street Address 1:** 235 WEST GALENA STREET

  - **City:** MILWAUKEE

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 532123948

  - **Telephone number:** 4142992000

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

- **a. Name of Series:** Palmer Square Ultra-Short Duration Investment Grade Fund

- **b. EDGAR series identifier (if any):** S000050277

- **c. LEI of Series:** 549300NYWH528FBWW089

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

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $60686758.52

**Total Liabilities:** $1449642.60

**Net Assets:** $59237115.92

**Delayed Delivery Securities:** $501250.00

**Cash Not Reported:** $393916.55

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 199.559810883341 | **1-Year:** 2121.839719751455 | **5-Year:** 4591.385611298842 | **10-Year:** 1301.709959403913 | **30-Year:** 1357.365917225348

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

- **3-Month:** 0.014563966659 | **1-Year:** 23.396174447693 | **5-Year:** 59.914622647648 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158749 | -0.15%               | 0.61%                | 0.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $20143.14                | $-227364.25                                |
| Month 2  | $-5578.58                | $197924.06                                 |
| Month 3  | $4874.79                 | $75673.54                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Flatiron CLO Ltd               | Flatiron Clo 17 Ltd.                                      | CUSIP: 33882GAE8<br>LEI: 549300ZUHE1G4KLVKW25 | Long             | ABS-CBDO         | CORP              | KY        |    590151 | PA      | $581681.27    | 0.98%             | 2030-05-15      | Floating      | 5.59%                 | Yes           |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2019-C                       | CUSIP: 34531KAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     19216 | PA      | $19190.25     | 0.03%             | 2024-03-15      | Fixed         | 1.87%                 | No            |                  2 | On Loan: No      |
| FOX CORP                       | Fox Corp.                                                 | CUSIP: 35137LAG0<br>LEI: 549300DDU6FDRBIELS05 | Long             | DBT              | CORP              | US        |    225000 | PA      | $222485.85    | 0.38%             | 2024-01-25      | Fixed         | 4.03%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp. II                           | CUSIP: 36192RAA0<br>LEI: 5493005BBCF84ICNQ550 | Long             | ABS-MBS          | CORP              | US        |    750000 | PA      | $657337.50    | 1.11%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2021-4 | CUSIP: 362554AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    359272 | PA      | $355443.34    | 0.60%             | 2024-11-18      | Fixed         | 0.28%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2020-2              | CUSIP: 36259PAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    226495 | PA      | $226109.11    | 0.38%             | 2024-07-22      | Fixed         | 1.56%                 | No            |                  2 | On Loan: No      |
| SIMON PROPERTY GROUP LP        | Simon Property Group LP                                   | CUSIP: 828807DR5<br>LEI: MR92GTD0MJTTTTQDVG45 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14862.72     | 0.03%             | 2024-01-11      | Floating      | 4.08%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp.                                           | CUSIP: 855244BB4<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |     15000 | PA      | $14916.90     | 0.03%             | 2024-02-14      | Floating      | 4.38%                 | No            |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2021-5                | CUSIP: 85573QAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    235391 | PA      | $190707.34    | 0.32%             | 2066-09-25      | Variable      | 1.92%                 | Yes           |                  2 | On Loan: No      |
| Starwood Mortgage Residential  | Starwood Mortgage Residential Trust 2022-1                | CUSIP: 85573TAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    281709 | PA      | $237147.32    | 0.40%             | 2066-12-25      | Variable      | 2.45%                 | Yes           |                  2 | On Loan: No      |
| Stratus CLO                    | Stratus CLO 2021-3 Ltd.                                   | CUSIP: 86315WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    226300 | PA      | $223328.59    | 0.38%             | 2029-12-29      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Stratus CLO                    | Stratus CLO 2021-1 Ltd.                                   | CUSIP: 863162AE3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    625000 | PA      | $579582.44    | 0.98%             | 2029-12-29      | Floating      | 5.99%                 | Yes           |                  2 | On Loan: No      |
| STRYKER CORP                   | Stryker Corp.                                             | CUSIP: 863667AN1<br>LEI: 5493002F0SC4JTBU5137 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264271.98    | 0.45%             | 2026-03-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XIV Ltd.                                     | CUSIP: 87159QBZ0<br>LEI: 54930085JMJSZBQ6N270 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001565.86   | 1.69%             | 2026-07-14      | Floating      | 6.11%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XIV Ltd.                                     | CUSIP: 87159QCB2<br>LEI: 54930085JMJSZBQ6N270 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $496161.07    | 0.84%             | 2026-07-14      | Floating      | 7.11%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XVII Ltd.                                    | CUSIP: 87165UAU5<br>LEI: 549300X84MR2MGY6OR68 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $482622.06    | 0.81%             | 2028-04-15      | Floating      | 6.73%                 | Yes           |                  2 | On Loan: No      |
| SYSCO CORPORATION              | Sysco Corp.                                               | CUSIP: 871829AZ0<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242172.75    | 0.41%             | 2025-10-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO II-2 Ltd.                                        | CUSIP: 87249TAC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    774706 | PA      | $772443.33    | 1.30%             | 2028-04-20      | Floating      | 5.08%                 | Yes           |                  2 | On Loan: No      |
| TICP CLO Ltd                   | TICP CLO II-2 Ltd.                                        | CUSIP: 87249TAE4<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $983529.35    | 1.66%             | 2028-04-20      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific, Inc.                            | CUSIP: 883556CN0<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199559.60    | 0.34%             | 2023-04-18      | Floating      | 4.06%                 | No            |                  2 | On Loan: No      |
| 3M COMPANY                     | 3M Co.                                                    | CUSIP: 88579YAX9<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149180.85    | 0.25%             | 2023-03-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2021-B Owner Trust                | CUSIP: 89190GAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    518000 | PA      | $498204.11    | 0.84%             | 2025-11-17      | Fixed         | 0.26%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | Toyota Motor Credit Corp.                                 | CUSIP: 89236TKC8<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220480.65    | 0.37%             | 2025-06-30      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| UNION PACIFIC CORP             | Union Pacific Corp.                                       | CUSIP: 907818DM7<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149896.50    | 0.25%             | 2023-01-15      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796S34<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1246905.00   | 2.10%             | 2023-01-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796XR5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $499566.50    | 0.84%             | 2023-01-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796XS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1247991.25   | 2.11%             | 2023-01-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796XT1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1350000 | PA      | $1345721.85   | 2.27%             | 2023-02-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796XZ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996016.00    | 1.68%             | 2023-02-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $995033.00    | 1.68%             | 2023-02-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796YB9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1191814.80   | 2.01%             | 2023-03-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796Z77<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1189164.00   | 2.01%             | 2023-03-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796Z85<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1200000 | PA      | $1188232.80   | 2.01%             | 2023-03-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796ZH5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $500000.00    | 0.84%             | 2023-01-03      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912796ZJ1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $499649.00    | 0.84%             | 2023-01-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note                               | CUSIP: 91282CEW7<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        |   -575000 | PA      | $-556177.95   | -0.94%            | 2027-06-30      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note                               | CUSIP: 91282CFU0<br>LEI: 254900HROIFWPRGM1V77 | Short            | DBT              | UST               | US        |   -300000 | PA      | $-301125.00   | -0.51%            | 2027-10-31      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                              | CUSIP: 92343VGE8<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    125000 | PA      | $121928.88    | 0.21%             | 2026-03-20      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| VOLKSWAGEN GROUP AMERICA       | Volkswagen Group of America Finance LLC                   | CUSIP: 928668BJ0<br>LEI: 5493002SQ1AVQBY41K40 | Long             | DBT              | CORP              | US        |    220000 | PA      | $211691.48    | 0.36%             | 2023-11-22      | Fixed         | 0.88%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2015-1 Ltd.                                      | CUSIP: 92914NAJ0<br>LEI: 54930085W413OSH6FR69 | Long             | ABS-CBDO         | CORP              | KY        |    247757 | PA      | $245200.82    | 0.41%             | 2029-01-18      | Floating      | 5.09%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2017-1 Ltd.                                      | CUSIP: 92916MAF8<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |    708892 | PA      | $700115.90    | 1.18%             | 2030-04-17      | Floating      | 5.03%                 | Yes           |                  2 | On Loan: No      |
| WASTE MANAGEMENT INC           | Waste Management, Inc.                                    | CUSIP: 94106LBA6<br>LEI: 549300YX8JIID70NFS41 | Long             | DBT              | CORP              | US        |    110000 | PA      | $106386.39    | 0.18%             | 2025-03-01      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| WRKCO INC                      | WRKCo, Inc.                                               | CUSIP: 96145DAF2<br>LEI: 549300JEB576INN13W07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217800.45    | 0.37%             | 2025-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust   | World Omni Select Auto Trust 2021-A                       | CUSIP: 98163HAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     78113 | PA      | $77957.89     | 0.13%             | 2025-02-18      | Fixed         | 0.29%                 | No            |                  2 | On Loan: No      |
| World OMNI Select Auto Trust   | World Omni Select Auto Trust 2021-A                       | CUSIP: 98163HAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $483177.00    | 0.82%             | 2027-03-15      | Fixed         | 0.53%                 | No            |                  2 | On Loan: No      |
| World Omni Automobile Lease Se | World Omni Automobile Lease Securitization Trust 2021-A   | CUSIP: 98163JAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $679427.00    | 1.15%             | 2024-08-15      | Fixed         | 0.42%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2020-A                  | CUSIP: 98163MAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    130171 | PA      | $128734.66    | 0.22%             | 2025-04-15      | Fixed         | 1.10%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2020-B                  | CUSIP: 98163WAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    329722 | PA      | $324064.56    | 0.55%             | 2025-05-15      | Fixed         | 0.63%                 | No            |                  2 | On Loan: No      |
| York CLO Ltd                   | York CLO 1 Ltd.                                           | CUSIP: 986255AW7<br>LEI: 549300EJZ6JIZVXIHF06 | Long             | ABS-CBDO         | CORP              | KY        |    460000 | PA      | $447779.88    | 0.76%             | 2029-10-22      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| HILTON WORLDWIDE FINANCE       | Hilton Worldwide Finance LLC                              | CUSIP: 43289DAH6<br>LEI: 549300406TN7EY0NPH20 | Long             | LON              | CORP              | US        |    250000 | PA      | $249516.25    | 0.42%             | 2026-06-21      | Floating      | 6.17%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                | Trans Union LLC                                           | CUSIP: 89334GAX2<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    248539 | PA      | $245454.95    | 0.41%             | 2026-11-15      | Floating      | 4.27%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co. LLC                                 | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    245140 | PA      | $243371.42    | 0.41%             | 2025-12-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SKYMILES IP LTD                | SkyMiles IP Ltd.                                          | CUSIP: 24736CBS2<br>LEI: 2549008L7P4I8VB90936 | Long             | LON              | CORP              | KY        |    250000 | PA      | $255297.50    | 0.43%             | 2027-10-20      | Floating      | 7.99%                 | No            |                  2 | On Loan: No      |
| CITADEL SECURITIES LP          | Citadel Securities LP                                     | CUSIP: 17288YAD4<br>LEI: 549300NV5RXBUS3X7L47 | Long             | LON              | CORP              | US        |    249367 | PA      | $245252.53    | 0.41%             | 2028-02-02      | Floating      | 6.70%                 | No            |                  2 | On Loan: No      |
| BUCKEYE PARTNERS LP            | Buckeye Partners LP                                       | CUSIP: 11823LAK1<br>LEI: 549300C1PQJLVEIUBK50 | Long             | LON              | CORP              | US        |    250000 | PA      | $248920.00    | 0.42%             | 2026-11-01      | Floating      | 2.25%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global, Inc.                                        | CUSIP: 08579JBG6<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | LON              | CORP              | US        |    246367 | PA      | $244855.22    | 0.41%             | 2026-07-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| FLUTTER FINANCING BV           | Flutter Financing B.V.                                    | CUSIP: N8233BAE2<br>LEI: 635400VFWPBIKJK6GN11 | Long             | LON              | CORP              | NL        |    249375 | PA      | $248648.07    | 0.42%             | 2028-07-04      | Floating      | 6.78%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio    | Fidelity Treasury Portfolio - Class I                     | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1179726 | PA      | $1179726.12   | 1.99%             |  |  |  | No            |                  2 | On Loan: No      |
| American Money Management Corp | Ammc Clo 20 Ltd.                                          | CUSIP: 00177TAQ6<br>LEI: 549300LDRXVT7PCHV066 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $484027.04    | 0.82%             | 2029-04-17      | Floating      | 7.23%                 | Yes           |                  2 | On Loan: No      |
| AON GLOBAL LTD                 | Aon Global Ltd.                                           | CUSIP: 00185AAF1<br>LEI: VVT2B79I2Z4U3R6BY589 | Long             | DBT              | CORP              | GB        |    250000 | PA      | $244138.50    | 0.41%             | 2024-06-14      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T, Inc.                                                | CUSIP: 00206RGD8<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    375000 | PA      | $377763.75    | 0.64%             | 2024-06-12      | Floating      | 5.92%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                     | AbbVie, Inc.                                              | CUSIP: 00287YBZ1<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |    235000 | PA      | $224984.07    | 0.38%             | 2024-11-21      | Fixed         | 2.60%                 | No            |                  2 | On Loan: No      |
| Ally Auto Receivables Trust    | Ally Auto Receivables Trust 2022-1                        | CUSIP: 02008JAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    342088 | PA      | $339100.59    | 0.57%             | 2025-04-15      | Fixed         | 2.67%                 | No            |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com, Inc.                                          | CUSIP: 023135AW6<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149520.90    | 0.25%             | 2023-02-22      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| AMERICAN ELECTRIC POWER        | American Electric Power Co., Inc.                         | CUSIP: 025537AK7<br>LEI: 1B4S6S7G0TW5EE83BO58 | Long             | DBT              | CORP              | US        |    230000 | PA      | $221869.96    | 0.37%             | 2024-03-15      | Fixed         | 2.03%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co.                                      | CUSIP: 025816BK4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |    225000 | PA      | $219217.05    | 0.37%             | 2024-12-05      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co.                                      | CUSIP: 025816CJ6<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |     35000 | PA      | $34837.50     | 0.06%             | 2023-11-03      | Floating      | 4.14%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp.                              | CUSIP: 02665WDY4<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    225000 | PA      | $210480.30    | 0.36%             | 2024-08-09      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| APPLE INC                      | Apple, Inc.                                               | CUSIP: 037833BY5<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | DBT              | CORP              | US        |    275000 | PA      | $264508.48    | 0.45%             | 2026-02-23      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XL CLO Ltd.                                          | CUSIP: 04016GBB3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1096311 | PA      | $1084187.09   | 1.83%             | 2029-01-15      | Floating      | 4.95%                 | Yes           |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XLII Clo Ltd.                                        | CUSIP: 04016LAQ0<br>LEI: 5493004S1FMDW7K3MU50 | Long             | ABS-CBDO         | CORP              | KY        |    365515 | PA      | $362051.23    | 0.61%             | 2028-01-22      | Floating      | 5.24%                 | Yes           |                  2 | On Loan: No      |
| Atrium CDO Corp                | Madison Park Funding XLI Ltd.                             | CUSIP: 04965CAJ7<br>LEI: 549300O252OCTN35RH57 | Long             | ABS-CBDO         | CORP              | KY        |   1045610 | PA      | $1035050.84   | 1.75%             | 2027-04-22      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| AVANGRID INC                   | Avangrid, Inc.                                            | CUSIP: 05351WAA1<br>LEI: 549300OX0Q38NLSKPB49 | Long             | DBT              | CORP              | US        |    150000 | PA      | $143474.40    | 0.24%             | 2024-12-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC             | BMW U.S. Capital LLC                                      | CUSIP: 05565EBV6<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    140000 | PA      | $138683.58    | 0.23%             | 2024-08-12      | Floating      | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd                | Barings CLO Ltd. 2013-I                                   | CUSIP: 06760EAA4<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |    493787 | PA      | $491649.41    | 0.83%             | 2028-01-20      | Floating      | 5.04%                 | Yes           |                  2 | On Loan: No      |
| Barings CLO Ltd                | Barings CLO Ltd. 2013-I                                   | CUSIP: 06760EAC0<br>LEI: 54930079SUKCXYW8DR07 | Long             | ABS-CBDO         | CORP              | KY        |   1500000 | PA      | $1468861.71   | 2.48%             | 2028-01-20      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| BAXTER INTERNATIONAL INC       | Baxter International, Inc.                                | CUSIP: 071813DB2<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | DBT              | CORP              | US        |    220000 | PA      | $215901.62    | 0.36%             | 2024-11-29      | Floating      | 4.47%                 | No            |                  2 | On Loan: No      |
| BIOGEN INC                     | Biogen, Inc.                                              | CUSIP: 09062XAF0<br>LEI: W8J5WZB5IY3K0NDQT671 | Long             | DBT              | CORP              | US        |    255000 | PA      | $248141.27    | 0.42%             | 2025-09-15      | Fixed         | 4.05%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2015-III Ltd.                                | CUSIP: 12550MAJ9<br>LEI: 549300UDPJ30BQP2HX62 | Long             | ABS-CBDO         | CORP              | KY        |    482661 | PA      | $474387.01    | 0.80%             | 2029-04-19      | Floating      | 5.10%                 | Yes           |                  2 | On Loan: No      |
| CIGNA CORP                     | Cigna Corp.                                               | CUSIP: 125523AV2<br>LEI: 549300VIWYMSIGT1U456 | Long             | DBT              | CORP              | US        |    225000 | PA      | $216867.15    | 0.37%             | 2025-04-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2013-III-R Ltd.                              | CUSIP: 12552MAC2<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $492965.05    | 0.83%             | 2031-04-24      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust 2019-2           | CUSIP: 14043TAF3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     67127 | PA      | $67002.22     | 0.11%             | 2024-05-15      | Fixed         | 1.92%                 | No            |                  2 | On Loan: No      |
| CARDINAL HEALTH INC            | Cardinal Health, Inc.                                     | CUSIP: 14149YAY4<br>LEI: CCU46N3GJMF4OK4N7U60 | Long             | DBT              | CORP              | US        |    275000 | PA      | $274244.30    | 0.46%             | 2023-03-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2021-2                            | CUSIP: 14314QAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    341949 | PA      | $329149.53    | 0.56%             | 2026-02-17      | Fixed         | 0.52%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2019-3                            | CUSIP: 14315PAD7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    147540 | PA      | $146960.61    | 0.25%             | 2024-08-15      | Fixed         | 2.18%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2019-4                            | CUSIP: 14315WAD2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299558 | PA      | $296866.57    | 0.50%             | 2024-11-15      | Fixed         | 2.02%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | Carmax Auto Owner Trust 2021-1                            | CUSIP: 14316NAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    489763 | PA      | $473550.83    | 0.80%             | 2025-12-15      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| CarMax Auto Owner Trust        | CarMax Auto Owner Trust 2022-2                            | CUSIP: 14317HAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    321817 | PA      | $318694.32    | 0.54%             | 2025-05-15      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp.                      | CUSIP: 14913R2R7<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248397.50    | 0.42%             | 2024-09-13      | Floating      | 4.44%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2018-TBR              | CUSIP: 17326MAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $294079.80    | 0.50%             | 2036-12-15      | Floating      | 5.27%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2021-4 Mortgage Loan Trust                           | CUSIP: 19688GAA1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    425834 | PA      | $347816.94    | 0.59%             | 2066-10-25      | Variable      | 1.40%                 | Yes           |                  2 | On Loan: No      |
| COLT Funding LLC               | COLT 2020-2 Mortgage Loan Trust                           | CUSIP: 19688JAA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |     22503 | PA      | $22050.13     | 0.04%             | 2065-03-25      | Variable      | 1.85%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp.                                             | CUSIP: 20030NDZ1<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    220000 | PA      | $223126.42    | 0.38%             | 2025-11-07      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC       | Constellation Brands, Inc.                                | CUSIP: 21036PBM9<br>LEI: 5493005GKEG8QCVY7037 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220676.85    | 0.37%             | 2024-05-09      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| DLLST LLC                      | DLLST 2022-1 LLC                                          | CUSIP: 23292GAA1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      4087 | PA      | $4079.78      | 0.01%             | 2023-05-22      | Fixed         | 1.56%                 | Yes           |                  2 | On Loan: No      |
| DLLST LLC                      | DLLST 2022-1 LLC                                          | CUSIP: 23292GAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $198323.40    | 0.33%             | 2024-01-22      | Fixed         | 2.79%                 | Yes           |                  2 | On Loan: No      |
| DTE ENERGY CO                  | DTE Energy Co.                                            | CUSIP: 233331BD8<br>LEI: 549300IX8SD6XXD71I78 | Long             | DBT              | CORP              | US        |     40000 | PA      | $39346.72     | 0.07%             | 2024-11-01      | Variable      | 4.22%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ FIN NA           | Mercedes-Benz Finance North America LLC                   | CUSIP: 233851DS0<br>LEI: 549300423Z16BB673J12 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196656.20    | 0.33%             | 2024-02-22      | Fixed         | 3.65%                 | Yes           |                  2 | On Loan: No      |
| DAIMLER TRUCKS FINAN NA        | Daimler Trucks Finance North America LLC                  | CUSIP: 233853AK6<br>LEI: 5493003HSDTSCZRXBA58 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249145.75    | 0.42%             | 2024-04-05      | Floating      | 5.30%                 | Yes           |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust    | Daimler Trucks Retail Trust 2022-1                        | CUSIP: 233869AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $299802.00    | 0.51%             | 2024-09-16      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| DIAGEO CAPITAL PLC             | Diageo Capital PLC                                        | CUSIP: 25243YBA6<br>LEI: 213800L23DJLALFC4O95 | Long             | DBT              | CORP              | GB        |    150000 | PA      | $142389.75    | 0.24%             | 2024-10-24      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| DOMINION ENERGY INC            | Dominion Energy, Inc.                                     | CUSIP: 25746UDE6<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | DBT              | CORP              | US        |    280000 | PA      | $268922.64    | 0.45%             | 2025-03-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| DUPONT DE NEMOURS INC          | DuPont de Nemours, Inc.                                   | CUSIP: 26078JAH3<br>LEI: 5493004JF0SDFLM8GD76 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225993.60    | 0.38%             | 2023-11-15      | Floating      | 5.72%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                         | CUSIP: 26441CBK0<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149593.65    | 0.25%             | 2023-06-10      | Floating      | 4.40%                 | No            |                  2 | On Loan: No      |
| EBAY INC                       | eBay, Inc.                                                | CUSIP: 278642AV5<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    225000 | PA      | $210769.65    | 0.36%             | 2025-03-11      | Fixed         | 1.90%                 | No            |                  2 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge, Inc.                                            | CUSIP: 29250NBM6<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |    300000 | PA      | $298482.00    | 0.50%             | 2024-02-16      | Floating      | 4.61%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                        | CUSIP: 29278NAC7<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248501.25    | 0.42%             | 2023-09-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| ENTERPRISE PRODUCTS OPER       | Enterprise Products Operating LLC                         | CUSIP: 29379VBB8<br>LEI: 5493004LGN656HWLDA30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $221642.55    | 0.37%             | 2024-02-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY              | Eversource Energy                                         | CUSIP: 30040WAJ7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    225000 | PA      | $201828.83    | 0.34%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-2                 | CUSIP: 31572LAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    324132 | PA      | $250911.77    | 0.42%             | 2066-06-25      | Variable      | 0.93%                 | Yes           |                  2 | On Loan: No      |
| Ellington Financial Mortgage T | Ellington Financial Mortgage Trust 2021-3                 | CUSIP: 31573JAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    302657 | PA      | $242836.39    | 0.41%             | 2066-09-25      | Variable      | 1.24%                 | Yes           |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services, Inc.              | CUSIP: 31620MBQ8<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    220000 | PA      | $208266.30    | 0.35%             | 2024-03-01      | Fixed         | 0.60%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv, Inc.                                              | CUSIP: 337738AQ1<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247410.75    | 0.42%             | 2023-10-01      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| GM Financial Securitized Term  | GM Financial Consumer Automobile Receivables Trust 2020-4 | CUSIP: 36260KAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    300529 | PA      | $292225.21    | 0.49%             | 2025-08-18      | Fixed         | 0.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2021-3              | CUSIP: 36262XAC8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    500000 | PA      | $485861.50    | 0.82%             | 2024-10-21      | Fixed         | 0.39%                 | No            |                  2 | On Loan: No      |
| GSK CONSUMER HEALTHCARE        | GSK Consumer Healthcare Capital UK PLC                    | CUSIP: 36264NAB0<br>LEI: 5493004B26DRJNN0OV17 | Long             | DBT              | CORP              | GB        |    275000 | PA      | $261753.53    | 0.44%             | 2025-03-24      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                 | Galaxy XXIII CLO Ltd.                                     | CUSIP: 36319TAN6<br>LEI: 5493001X8XC4DMSYH466 | Long             | ABS-CBDO         | CORP              | KY        |    465397 | PA      | $458765.03    | 0.77%             | 2029-04-24      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co., Inc.                        | CUSIP: 37045XCZ7<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97730.70     | 0.16%             | 2023-08-18      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| GEORGIA-PACIFIC LLC            | Georgia-Pacific LLC                                       | CUSIP: 37331NAM3<br>LEI: L2EVHWFHVAQK72TMH265 | Long             | DBT              | CORP              | US        |    190000 | PA      | $178565.23    | 0.30%             | 2024-05-15      | Fixed         | 0.62%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2021-2              | CUSIP: 380144AC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    215524 | PA      | $212630.82    | 0.36%             | 2024-05-20      | Fixed         | 0.34%                 | No            |                  2 | On Loan: No      |
| Grippen Park CLO LTD           | Grippen Park CLO Ltd.                                     | CUSIP: 39862EAA2<br>LEI: 549300P7KR0IARP7PG22 | Long             | ABS-CBDO         | CORP              | KY        |    454336 | PA      | $449672.54    | 0.76%             | 2030-01-20      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Highbridge Loan Management Ltd | Highbridge Loan Management 7-2015 Ltd.                    | CUSIP: 40437RAE9<br>LEI: 254900IU43NDZ7HEB142 | Long             | ABS-CBDO         | CORP              | KY        |    650000 | PA      | $628097.88    | 1.06%             | 2027-03-15      | Floating      | 6.31%                 | Yes           |                  2 | On Loan: No      |
| HPEFS Equipment Trust          | HPEFS Equipment Trust 2021-2                              | CUSIP: 40441JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     43132 | PA      | $42947.38     | 0.07%             | 2028-09-20      | Fixed         | 0.30%                 | Yes           |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co.                            | CUSIP: 42824CBG3<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |     62000 | PA      | $61650.94     | 0.10%             | 2023-10-02      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co.                            | CUSIP: 42824CBJ7<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |    225000 | PA      | $214832.48    | 0.36%             | 2024-04-01      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2020-2 Owner Trust                 | CUSIP: 43813DAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    259665 | PA      | $255877.86    | 0.43%             | 2024-07-15      | Fixed         | 0.82%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2020-2 Owner Trust                 | CUSIP: 43813DAD0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    550000 | PA      | $532704.70    | 0.90%             | 2026-10-15      | Fixed         | 1.09%                 | No            |                  2 | On Loan: No      |
| HUMANA INC                     | Humana, Inc.                                              | CUSIP: 444859BM3<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247187.25    | 0.42%             | 2025-04-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| HYUNDAI CAPITAL AMERICA        | Hyundai Capital America                                   | CUSIP: 44891ABM8<br>LEI: 549300RIPPWJB5Z0FK07 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218125.35    | 0.37%             | 2023-09-18      | Fixed         | 1.25%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2021-B            | CUSIP: 44891VAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    725000 | PA      | $714012.63    | 1.21%             | 2024-06-17      | Fixed         | 0.33%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2022-A            | CUSIP: 44891WAC3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    700000 | PA      | $675740.10    | 1.14%             | 2025-01-15      | Fixed         | 1.16%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2022-C            | CUSIP: 448978AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    450000 | PA      | $446629.95    | 0.75%             | 2025-01-15      | Fixed         | 4.34%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2021-B                     | CUSIP: 44934KAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    112931 | PA      | $112465.63    | 0.19%             | 2024-05-15      | Fixed         | 0.24%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2022-B            | CUSIP: 44934LAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    299501 | PA      | $295637.42    | 0.50%             | 2024-10-15      | Fixed         | 2.75%                 | Yes           |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange, Inc.                           | CUSIP: 45866FAT1<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220362.75    | 0.37%             | 2025-05-23      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| IBM CORP                       | International Business Machines Corp.                     | CUSIP: 459200JY8<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218938.95    | 0.37%             | 2024-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Rad CLO Ltd                    | Rad CLO 3 Ltd.                                            | CUSIP: 48661WAA6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $496612.30    | 0.84%             | 2032-04-15      | Floating      | 5.56%                 | Yes           |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                          | CUSIP: 494550BM7<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149682.90    | 0.25%             | 2023-02-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos., Inc.                                         | CUSIP: 548661DT1<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220816.13    | 0.37%             | 2025-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos., Inc.                                         | CUSIP: 548661EK9<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |     20000 | PA      | $19721.90     | 0.03%             | 2025-09-08      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance LLC 2022-A                         | CUSIP: 55317RAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    350000 | PA      | $343651.35    | 0.58%             | 2025-02-13      | Fixed         | 2.77%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XI Ltd.                              | CUSIP: 55818KAV3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    242246 | PA      | $237717.81    | 0.40%             | 2029-07-23      | Floating      | 5.22%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXXIII Ltd.                          | CUSIP: 55819JAN3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $494203.65    | 0.83%             | 2032-10-15      | Floating      | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Signal Peak CLO, LLC           | Mariner CLO 2016-3 LLC                                    | CUSIP: 56845AAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $243250.86    | 0.41%             | 2029-07-23      | Floating      | 5.82%                 | Yes           |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC         | Marvell Technology, Inc.                                  | CUSIP: 573874AL8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    200000 | PA      | $198881.60    | 0.34%             | 2023-06-22      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                 | McCormick & Co., Inc.                                     | CUSIP: 579780AM9<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |    225000 | PA      | $217963.35    | 0.37%             | 2024-08-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp.                                          | CUSIP: 58013MEU4<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |    170000 | PA      | $164600.63    | 0.28%             | 2025-05-26      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| MCKESSON CORP                  | McKesson Corp.                                            | CUSIP: 58155QAG8<br>LEI: 549300WZWOM80UCFSF54 | Long             | DBT              | CORP              | US        |    250000 | PA      | $249063.75    | 0.42%             | 2023-03-15      | Fixed         | 2.85%                 | No            |                  2 | On Loan: No      |
| MERCEDES-BENZ AUTO RECEIVABLES | Mercedes-Benz Auto Receivables Trust 2019-1               | CUSIP: 58769TAE5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    274705 | PA      | $271462.15    | 0.46%             | 2026-01-15      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                 | Microsoft Corp.                                           | CUSIP: 594918AT1<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    150000 | PA      | $148948.50    | 0.25%             | 2023-05-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | MMAF Equipment Finance LLC 2020-A                         | CUSIP: 60700MAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    148882 | PA      | $147331.82    | 0.25%             | 2024-04-09      | Fixed         | 0.74%                 | Yes           |                  2 | On Loan: No      |
| MONDELEZ INTL HLDINGS NE       | Mondelez International Holdings Netherlands B.V.          | CUSIP: 60920LAQ7<br>LEI: 549300CW356R8I7N8D33 | Long             | DBT              | CORP              | NL        |    250000 | PA      | $231462.75    | 0.39%             | 2024-09-24      | Fixed         | 0.75%                 | Yes           |                  2 | On Loan: No      |
| MOODY'S CORPORATION            | Moody's Corp.                                             | CUSIP: 615369AS4<br>LEI: 549300GCEDD8YCF5WU84 | Long             | DBT              | CORP              | US        |    225000 | PA      | $218952.00    | 0.37%             | 2025-03-24      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| Newark BSL CLO 1 Ltd.          | Newark BSL CLO 1 Ltd.                                     | CUSIP: 65023TAJ1<br>LEI: 549300R0C043JWD1XY94 | Long             | ABS-CBDO         | CORP              | KY        |    480813 | PA      | $475195.01    | 0.80%             | 2029-12-21      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings, Inc.                     | CUSIP: 65339KBX7<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    300000 | PA      | $298807.80    | 0.50%             | 2023-11-03      | Floating      | 4.31%                 | No            |                  2 | On Loan: No      |
| NISOURCE INC                   | NiSource, Inc.                                            | CUSIP: 65473PAK1<br>LEI: 549300D8GOWWH0SJB189 | Long             | DBT              | CORP              | US        |    250000 | PA      | $225611.00    | 0.38%             | 2025-08-15      | Fixed         | 0.95%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2019-C Owner Trust                | CUSIP: 65479JAD5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76796 | PA      | $76524.84     | 0.13%             | 2024-07-15      | Fixed         | 1.93%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2019-C Owner Trust                | CUSIP: 65479JAE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    375000 | PA      | $366543.75    | 0.62%             | 2026-05-15      | Fixed         | 1.95%                 | No            |                  2 | On Loan: No      |
| Nissan Auto Receivables Owner  | Nissan Auto Receivables 2020-A Owner Trust                | CUSIP: 65479MAC0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    339394 | PA      | $334824.00    | 0.57%             | 2024-12-16      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| NVIDIA CORP                    | NVIDIA Corp.                                              | CUSIP: 67066GAK0<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | DBT              | CORP              | US        |    275000 | PA      | $269575.90    | 0.46%             | 2023-06-15      | Fixed         | 0.31%                 | No            |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | OBX 2021-NQM2 Trust                                       | CUSIP: 670857AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    193590 | PA      | $148321.55    | 0.25%             | 2061-05-25      | Variable      | 1.10%                 | Yes           |                  2 | On Loan: No      |
| OCP CLO Ltd                    | OCP CLO 2014-7 Ltd.                                       | CUSIP: 67107KAZ9<br>LEI: 254900NUK1R46EK6YF62 | Long             | ABS-CBDO         | CORP              | KY        |   1641681 | PA      | $1626712.55   | 2.75%             | 2029-07-20      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Onslow Bay Financial LLC       | Onslow Bay Mortgage Loan Trust                            | CUSIP: 67115DAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    313374 | PA      | $250778.07    | 0.42%             | 2061-10-25      | Variable      | 1.96%                 | Yes           |                  2 | On Loan: No      |
| PACCAR FINANCIAL CORP          | PACCAR Financial Corp.                                    | CUSIP: 69371RQ74<br>LEI: PH3S12DWZBHHQKVYZ297 | Long             | DBT              | CORP              | US        |    150000 | PA      | $149307.15    | 0.25%             | 2023-04-06      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PARKER-HANNIFIN CORP           | Parker-Hannifin Corp.                                     | CUSIP: 701094AM6<br>LEI: 5493002CONDB4N2HKI23 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144528.00    | 0.24%             | 2024-06-14      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| PAYPAL HOLDINGS INC            | PayPal Holdings, Inc.                                     | CUSIP: 70450YAG8<br>LEI: 5493005X2GO78EFZ3E94 | Long             | DBT              | CORP              | US        |    175000 | PA      | $162618.93    | 0.27%             | 2025-06-01      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                     | Pfizer, Inc.                                              | CUSIP: 717081DM2<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |    225000 | PA      | $220695.53    | 0.37%             | 2024-05-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Regatta II Funding LP          | Regatta Funding LP 2013-2A                                | CUSIP: 75885WAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $475469.56    | 0.80%             | 2029-01-15      | Floating      | 7.78%                 | Yes           |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp.                                      | CUSIP: 808513BQ7<br>LEI: 549300VSGCJ7E698NM85 | Long             | DBT              | CORP              | US        |    100000 | PA      | $97083.90     | 0.16%             | 2026-05-13      | Floating      | 4.48%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven, Inc.                                            | CUSIP: 817826AB6<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    125000 | PA      | $119005.63    | 0.20%             | 2024-02-10      | Fixed         | 0.80%                 | Yes           |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO            | Sherwin-Williams Co.                                      | CUSIP: 824348BR6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    220000 | PA      | $216382.98    | 0.37%             | 2025-08-08      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-10

**Name of Applicant:** INVESTMENT MANAGERS SERIES TRUST

**Signature:** /s/ Terrance P. Gallagher

**Name of Signer:** Terrance P. Gallagher

**Title:** Assistant Vice President