# EDGAR Filing Document

**Accession Number:** 0001318342
**File Stem:** 0001145549-25-056102
**Filing Date:** 2025-8
**Character Count:** 67577
**Document Hash:** 5279eb94d534518c1b5171a438e3423e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-056102.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001145549-25-056102

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Investment Managers Series Trust
- **CENTRAL INDEX KEY:** 0001318342

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21719
- **FILM NUMBER:** 251274905

**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:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $72675457.13

**Total Liabilities:** $3099693.08

**Net Assets:** $69575764.05

**Delayed Delivery Securities:** $2500000.00

**Cash Not Reported:** $192609.96

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 224.855578453450 | **1-Year:** 1470.782415878629 | **5-Year:** 1678.270141417245 | **10-Year:** 786.304607874064 | **30-Year:** 18.792907497013

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

- **3-Month:** 0.000000000000 | **1-Year:** 0.000000000000 | **5-Year:** 99.021796533052 | **10-Year:** 24.207203312948 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000158749 | 0.35%                | 0.45%                | 0.40%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3421.28                 | $-16495.27                                 |
| Month 2  | $4336.24                 | $60599.71                                  |
| Month 3  | $723.12                  | $11116.22                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| META PLATFORMS INC             | Meta Platforms, Inc.                                      | CUSIP: 30303M8G0<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247658.75    | 0.36%             | 2027-08-15      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services, Inc.              | CUSIP: 31620MBR6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244622.75    | 0.35%             | 2026-03-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| FISERV INC                     | Fiserv, Inc.                                              | CUSIP: 337738AT5<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247207.00    | 0.36%             | 2026-07-01      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| Ford Credit Auto Owner Trust   | Ford Credit Auto Owner Trust 2024-D                       | CUSIP: 34535VAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50033.80     | 0.07%             | 2027-10-15      | Fixed         | 4.59%                 | No            |                  2 | On Loan: No      |
| GS Mortgage Securities Trust   | GS Mortgage Securities Corp. Trust 2012-BWTR              | CUSIP: 36192RAA0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    721293 | PA      | $629464.70    | 0.90%             | 2034-11-05      | Fixed         | 2.95%                 | Yes           |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2023-2              | CUSIP: 362548AD1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     68704 | PA      | $68744.89     | 0.10%             | 2026-07-20      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi | GM Financial Consumer Automobile Receivables Trust 2025-2 | CUSIP: 362549AB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     50000 | PA      | $50064.10     | 0.07%             | 2028-02-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi | GM Financial Consumer Automobile Receivables Trust 2023-2 | CUSIP: 362583AD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    426207 | PA      | $426171.17    | 0.61%             | 2028-02-16      | Fixed         | 4.47%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi | GM Financial Consumer Automobile Receivables Trust 2022-2 | CUSIP: 362585AC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    201739 | PA      | $201056.82    | 0.29%             | 2027-02-16      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| HALEON US CAPITAL LLC          | Haleon U.S. Capital LLC                                   | CUSIP: 36264FAK7<br>LEI: 549300N8C3A3L0UVQB07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246462.50    | 0.35%             | 2027-03-24      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| GM Financial Consumer Automobi | GM Financial Consumer Automobile Receivables Trust 2023-3 | CUSIP: 36267KAD9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    628412 | PA      | $632504.11    | 0.91%             | 2028-06-16      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies, Inc.                          | CUSIP: 36267VAF0<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |    250000 | PA      | $257632.00    | 0.37%             | 2027-11-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2024-1              | CUSIP: 36269FAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     93370 | PA      | $93421.65     | 0.13%             | 2026-06-22      | Fixed         | 5.18%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2024-1              | CUSIP: 36269FAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    780000 | PA      | $782496.00    | 1.12%             | 2027-03-22      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2024-2              | CUSIP: 36269WAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    161575 | PA      | $161943.12    | 0.23%             | 2026-09-21      | Fixed         | 5.43%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | Gm Financial Automobile Leasing Trust 2025-2              | CUSIP: 362962AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75210.45     | 0.11%             | 2027-07-20      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| Galaxy CLO Ltd                 | Galaxy XX CLO Ltd.                                        | CUSIP: 36320MAL2<br>LEI: 549300S1CAKZT00VQL17 | Long             | ABS-CBDO         | CORP              | KY        |     75249 | PA      | $75314.80     | 0.11%             | 2031-04-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| GILEAD SCIENCES INC            | Gilead Sciences, Inc.                                     | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248797.25    | 0.36%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| GM Financial Automobile Leasin | GM Financial Automobile Leasing Trust 2024-3              | CUSIP: 38012QAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    151618 | PA      | $151455.72    | 0.22%             | 2027-01-20      | Fixed         | 4.29%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static  | Golub Capital Partners Static 2024-1 Ltd.                 | CUSIP: 381929AA6<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |    633229 | PA      | $633228.92    | 0.91%             | 2033-04-20      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797LW5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $499476.50    | 0.72%             | 2025-07-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $744246.75    | 1.07%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797PE1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    750000 | PA      | $748621.50    | 1.08%             | 2025-07-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3250000 | PA      | $3230165.25   | 4.64%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PPG INDUSTRIES INC             | PPG Industries, Inc.                                      | CUSIP: 693506BU0<br>LEI: 549300BKPEP01R3V6C59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244258.00    | 0.35%             | 2026-03-15      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| PFIZER INVESTMENT ENTER        | Pfizer Investment Enterprises Pte Ltd.                    | CUSIP: 716973AB8<br>LEI: 5493000FQO8XF9C0RT95 | Long             | DBT              | CORP              | SG        |    200000 | PA      | $200260.20    | 0.29%             | 2026-05-19      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Porsche Innovative Lease Owner | Porsche Innovative Lease Owner Trust 2025-1               | CUSIP: 73329KAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $65156.26     | 0.09%             | 2027-12-20      | Fixed         | 4.60%                 | Yes           |                  2 | On Loan: No      |
| BOOKING HOLDINGS INC           | Booking Holdings, Inc.                                    | CUSIP: 741503AZ9<br>LEI: FXM8FAOHMYDIPD38UZ17 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248482.00    | 0.36%             | 2026-06-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| American Money Management Corp | AMMC CLO 15 Ltd.                                          | CUSIP: 00175MBN9<br>LEI: 549300D0GYBG49KJD582 | Long             | ABS-CBDO         | CORP              | KY        |     32311 | PA      | $32330.24     | 0.05%             | 2032-01-15      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| AT&T INC                       | AT&T, Inc.                                                | CUSIP: 00206RML3<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196023.40    | 0.28%             | 2026-03-25      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| Allegro CLO Ltd                | Allegro CLO VII Ltd.                                      | CUSIP: 01750CAL7<br>LEI: 635400EBXLHIKFL2MP73 | Long             | ABS-CBDO         | CORP              | KY        |    638948 | PA      | $639568.96    | 0.92%             | 2031-06-13      | Floating      | 5.39%                 | Yes           |                  2 | On Loan: No      |
| AMAZON.COM INC                 | Amazon.com, Inc.                                          | CUSIP: 023135BX3<br>LEI: ZXTILKJKG63JELOEG630 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194808.80    | 0.28%             | 2026-05-12      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp.                              | CUSIP: 02665WEE7<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    150000 | PA      | $150500.10    | 0.22%             | 2026-01-12      | Floating      | 5.31%                 | No            |                  2 | On Loan: No      |
| AMERICAN HONDA FINANCE         | American Honda Finance Corp.                              | CUSIP: 02665WEX5<br>LEI: B6Q2VFHD1797Q7NZ3E43 | Long             | DBT              | CORP              | US        |    275000 | PA      | $275392.98    | 0.40%             | 2026-01-09      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp.                                      | CUSIP: 03027XAK6<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246894.75    | 0.35%             | 2026-10-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMGEN INC                      | Amgen, Inc.                                               | CUSIP: 031162CT5<br>LEI: 62QBXGPJ34PQ72Z12S66 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193549.60    | 0.28%             | 2027-02-21      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC            | Elevance Health, Inc.                                     | CUSIP: 036752AB9<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197685.20    | 0.28%             | 2027-12-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XV                                             | CUSIP: 03764QBC5<br>LEI: 549300HXW2GBYSKFE344 | Long             | ABS-CBDO         | CORP              | KY        |    271809 | PA      | $272110.26    | 0.39%             | 2031-04-20      | Floating      | 5.54%                 | Yes           |                  2 | On Loan: No      |
| Apidos CLO Ltd                 | Apidos CLO XXIII                                          | CUSIP: 03765YBG8<br>LEI: 635400C39IXGGYE6DH05 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000106.30   | 1.44%             | 2033-04-15      | Floating      | 5.31%                 | Yes           |                  2 | On Loan: No      |
| ASTRAZENECA FINANCE LLC        | Astrazeneca Finance LLC                                   | CUSIP: 04636NAA1<br>LEI: 549300C3HATU4Q460S18 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243405.00    | 0.35%             | 2026-05-28      | Fixed         | 1.20%                 | No            |                  2 | On Loan: No      |
| Bank of America Credit Card Tr | BA Credit Card Trust                                      | CUSIP: 05522RDF2<br>LEI: 5493006DQ60M1CRKHH19 | Long             | ABS-O            | CORP              | US        |    640000 | PA      | $641280.64    | 0.92%             | 2028-04-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| BMW US CAPITAL LLC             | BMW U.S. Capital LLC                                      | CUSIP: 05565EAH8<br>LEI: KK5MZM9DIXLXZL9DZL15 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246944.75    | 0.35%             | 2026-04-11      | Fixed         | 2.80%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XIV Ltd.                             | CUSIP: 55818RBN5<br>LEI: 254900Q2IOW6JYPYIV98 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000525.10   | 1.44%             | 2030-10-22      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXXV Ltd.                            | CUSIP: 55819MAN6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1793225 | PA      | $1796788.60   | 2.58%             | 2032-04-20      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| Nissan Auto Lease Trust        | Nissan Auto Lease Trust 2024-B                            | CUSIP: 65481DAB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    229004 | PA      | $229730.27    | 0.33%             | 2027-06-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM VI Ltd.                                              | CUSIP: 67108LBP7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1002342.90   | 1.44%             | 2031-04-17      | Floating      | 6.28%                 | Yes           |                  2 | On Loan: No      |
| OZLM Ltd                       | OZLM XVII Ltd.                                            | CUSIP: 67111NAS3<br>LEI: 549300EERMFPZ487P195 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000278.70   | 1.44%             | 2030-07-20      | Floating      | 5.77%                 | Yes           |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp.                                              | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245553.00    | 0.35%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Regatta XIII Funding LLC       | Regatta XIII Funding Ltd.                                 | CUSIP: 75888FAL9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1538540 | PA      | $1539814.81   | 2.21%             | 2031-07-15      | Floating      | 5.36%                 | Yes           |                  2 | On Loan: No      |
| Rockford Tower CLO Ltd         | Rockford Tower CLO 2018-1 Ltd.                            | CUSIP: 77342JAA1<br>LEI: 549300KPFGDIQ0PMP224 | Long             | ABS-CBDO         | CORP              | KY        |    384169 | PA      | $384988.41    | 0.55%             | 2031-05-20      | Floating      | 5.68%                 | Yes           |                  2 | On Loan: No      |
| S&P GLOBAL INC                 | S&P Global, Inc.                                          | CUSIP: 78409VBH6<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243381.25    | 0.35%             | 2027-03-01      | Fixed         | 2.45%                 | No            |                  2 | On Loan: No      |
| SABINE PASS LIQUEFACTION       | Sabine Pass Liquefaction LLC                              | CUSIP: 785592AV8<br>LEI: 549300KJYBG7C6WJYZ11 | Long             | DBT              | CORP              | US        |    250000 | PA      | $251391.25    | 0.36%             | 2026-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| SALESFORCE INC                 | Salesforce, Inc.                                          | CUSIP: 79466LAF1<br>LEI: RCGZFPDMRW58VJ54VR07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248329.75    | 0.36%             | 2028-04-11      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| 7-ELEVEN INC                   | 7-Eleven, Inc.                                            | CUSIP: 817826AC4<br>LEI: 549300K23JPL0SS3LB18 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195611.20    | 0.28%             | 2026-02-10      | Fixed         | 0.95%                 | Yes           |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO            | Sherwin-Williams Co.                                      | CUSIP: 824348AW6<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197379.00    | 0.28%             | 2027-06-01      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                    | Southern Co.                                              | CUSIP: 842587DD6<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $203073.00    | 0.29%             | 2027-08-01      | Fixed         | 5.11%                 | No            |                  2 | On Loan: No      |
| STARBUCKS CORP                 | Starbucks Corp.                                           | CUSIP: 855244BG3<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | DBT              | CORP              | US        |    250000 | PA      | $252292.50    | 0.36%             | 2027-02-08      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXI Ltd.                                     | CUSIP: 87166RGE1<br>LEI: 5493005CJY0RF4FJJP54 | Long             | ABS-CBDO         | CORP              | KY        |    493621 | PA      | $492594.14    | 0.71%             | 2032-07-15      | Floating      | 5.16%                 | Yes           |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXV Ltd.                                     | CUSIP: 87167WAC9<br>LEI: 5493006CLZCEH6WYKR81 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001246.90   | 1.44%             | 2034-04-19      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA, Inc.                                        | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |    250000 | PA      | $246285.25    | 0.35%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Tesla Auto Lease Trust         | Tesla Auto Lease Trust 2023-A                             | CUSIP: 88167PAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    313022 | PA      | $313330.89    | 0.45%             | 2026-06-22      | Fixed         | 5.89%                 | Yes           |                  2 | On Loan: No      |
| THERMO FISHER SCIENTIFIC       | Thermo Fisher Scientific, Inc.                            | CUSIP: 883556CV2<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | DBT              | CORP              | US        |    200000 | PA      | $201602.60    | 0.29%             | 2026-08-10      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Wind River CLO Ltd             | Wind River 2014-1 CLO Ltd.                                | CUSIP: 88432CBB1<br>LEI: 549300AMLFWC1VCUN251 | Long             | ABS-CBDO         | CORP              | KY        |     90869 | PA      | $90920.05     | 0.13%             | 2031-07-18      | Floating      | 5.58%                 | Yes           |                  2 | On Loan: No      |
| Toyota Lease Owner Trust       | Toyota Lease Owner Trust 2024-B                           | CUSIP: 891943AD4<br>LEI: 254900R64DFTI1MWY364 | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $254989.29    | 0.37%             | 2027-09-20      | Fixed         | 4.21%                 | Yes           |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2025-B Owner Trust                | CUSIP: 89231HAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $105183.86    | 0.15%             | 2028-03-15      | Fixed         | 4.46%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | Toyota Motor Credit Corp.                                 | CUSIP: 89236TKT1<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |    200000 | PA      | $200387.80    | 0.29%             | 2026-05-18      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| TOYOTA MOTOR CREDIT CORP       | Toyota Motor Credit Corp.                                 | CUSIP: 89236TKV6<br>LEI: Z2VZBHUMB7PWWJ63I008 | Long             | DBT              | CORP              | US        |     90000 | PA      | $90451.53     | 0.13%             | 2026-05-18      | Floating      | 5.20%                 | No            |                  2 | On Loan: No      |
| Toyota Lease Owner Trust       | Toyota Lease Owner Trust 2024-A                           | CUSIP: 89238GAD3<br>LEI: 254900MVSB4M6HOIRE71 | Long             | ABS-O            | CORP              | US        |    212547 | PA      | $213553.69    | 0.31%             | 2027-04-20      | Fixed         | 5.25%                 | Yes           |                  2 | On Loan: No      |
| Toyota Auto Receivables Owner  | Toyota Auto Receivables 2025-A Owner Trust                | CUSIP: 89240JAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    255000 | PA      | $254875.31    | 0.37%             | 2027-11-15      | Fixed         | 4.48%                 | No            |                  2 | On Loan: No      |
| TRANSCANADA PIPELINES          | TransCanada PipeLines Ltd.                                | CUSIP: 89352HAT6<br>LEI: 5BV01I6231JPDAPMGH09 | Long             | DBT              | CORP              | CA        |    165000 | PA      | $165040.10    | 0.24%             | 2026-01-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| USB Auto Owner Trust           | USB Auto Owner Trust 2025-1                               | CUSIP: 90367VAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $65159.38     | 0.09%             | 2028-06-15      | Fixed         | 4.51%                 | Yes           |                  2 | On Loan: No      |
| Carlyle Global Market Strategi | Carlyle Global Market Strategies CLO 2015-5 Ltd.          | CUSIP: 14312JBG6<br>LEI: 5493007AYUHLOG0AMH17 | Long             | ABS-CBDO         | CORP              | KY        |   1435944 | PA      | $1435245.43   | 2.06%             | 2032-01-20      | Floating      | 5.37%                 | Yes           |                  2 | On Loan: No      |
| Carval CLO LTD                 | CarVal CLO II Ltd.                                        | CUSIP: 14686AAY5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1464382 | PA      | $1464052.01   | 2.10%             | 2032-04-20      | Floating      | 5.29%                 | Yes           |                  2 | On Loan: No      |
| CATERPILLAR FINL SERVICE       | Caterpillar Financial Services Corp.                      | CUSIP: 14913R2K2<br>LEI: EDBQKYOPJUCJKLOJDE72 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195625.40    | 0.28%             | 2026-03-02      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| Chase Issuance Trust           | Chase Issuance Trust                                      | CUSIP: 161571HS6<br>LEI: 5493008SHVCX2Y068L12 | Long             | ABS-O            | CORP              | US        |    230000 | PA      | $229768.16    | 0.33%             | 2027-09-15      | Fixed         | 3.97%                 | No            |                  2 | On Loan: No      |
| Citibank Credit Card Issuance  | Citibank Credit Card Issuance Trust                       | CUSIP: 17305EGW9<br>LEI: R8AG6FXVDQAMDKCSJJ64 | Long             | ABS-O            | CORP              | US        |    933000 | PA      | $935935.22    | 1.35%             | 2027-12-08      | Fixed         | 5.23%                 | No            |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus | Citizens Auto Receivables Trust 2024-1                    | CUSIP: 17331QAB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    109018 | PA      | $109106.75    | 0.16%             | 2026-10-15      | Fixed         | 5.43%                 | Yes           |                  2 | On Loan: No      |
| Citizens Auto Receivables Trus | Citizens Auto Receivables Trust 2024-1                    | CUSIP: 17331QAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    320000 | PA      | $321808.00    | 0.46%             | 2028-04-17      | Fixed         | 5.11%                 | Yes           |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp.                                             | CUSIP: 20030NBS9<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |    200000 | PA      | $198439.60    | 0.29%             | 2026-03-01      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle, Inc.                                        | CUSIP: 22822VAV3<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |    250000 | PA      | $240840.25    | 0.35%             | 2026-07-15      | Fixed         | 1.05%                 | No            |                  2 | On Loan: No      |
| DLLAA LLC                      | DLLAA 2023-1 LLC                                          | CUSIP: 23292HAC5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    585000 | PA      | $592378.61    | 0.85%             | 2028-02-22      | Fixed         | 5.64%                 | Yes           |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP        | John Deere Capital Corp.                                  | CUSIP: 24422EWY1<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |    340000 | PA      | $341870.34    | 0.49%             | 2026-06-08      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| JOHN DEERE CAPITAL CORP        | John Deere Capital Corp.                                  | CUSIP: 24422EXL8<br>LEI: E0KSF7PFQ210NWI8Z391 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75107.78     | 0.11%             | 2026-03-06      | Floating      | 4.83%                 | No            |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 41 Senior Loan Fund                                | CUSIP: 26244KAN6<br>LEI: 5493000CMI5L15ZSNM78 | Long             | ABS-CBDO         | CORP              | KY        |    173725 | PA      | $173793.56    | 0.25%             | 2031-04-15      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 45 Senior Loan Fund                                | CUSIP: 26244MAW2<br>LEI: 54930046L20VLJKPVV31 | Long             | ABS-CBDO         | CORP              | KY        |   1152893 | PA      | $1153987.03   | 1.66%             | 2030-10-15      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 43 Senior Loan Fund                                | CUSIP: 26245CBQ5<br>LEI: 5493002P75UIPU4MC757 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000254.40   | 1.44%             | 2034-04-20      | Floating      | 5.34%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 86 CLO Ltd.                                        | CUSIP: 26245XAL1<br>LEI: 25490017VKY7XEFZL303 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1001713.50   | 1.44%             | 2034-07-17      | Floating      | 5.64%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden 30 Senior Loan Fund                                | CUSIP: 26249BAQ4<br>LEI: 549300AS2O1RYPD2ED41 | Long             | ABS-CBDO         | CORP              | KY        |     15650 | PA      | $15637.98     | 0.02%             | 2028-11-15      | Floating      | 5.41%                 | Yes           |                  2 | On Loan: No      |
| Dryden Senior Loan Fund        | Dryden XXVI Senior Loan Fund                              | CUSIP: 26250UAS4<br>LEI: 549300ENU7ZZLTPT3E22 | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1003697.40   | 1.44%             | 2029-04-15      | Floating      | 5.97%                 | Yes           |                  2 | On Loan: No      |
| DUKE ENERGY CORP               | Duke Energy Corp.                                         | CUSIP: 26441CAS4<br>LEI: I1BZKREC126H0VB1BL91 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245385.75    | 0.35%             | 2026-09-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| EBAY INC                       | eBay, Inc.                                                | CUSIP: 278642AX1<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243706.25    | 0.35%             | 2026-05-10      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd              | Elevation CLO 2018-10 Ltd.                                | CUSIP: 28623CAL5<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |    653386 | PA      | $653187.18    | 0.94%             | 2031-10-20      | Floating      | 5.19%                 | Yes           |                  2 | On Loan: No      |
| Elmwood CLO X Ltd              | Elmwood CLO X Ltd.                                        | CUSIP: 29002VAW8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    500000 | PA      | $500000.00    | 0.72%             | 2038-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| ENBRIDGE ENERGY PARTNERS       | Enbridge Energy Partners LP                               | CUSIP: 29250RAW6<br>LEI: CZ6VG2MNE1J6YDI02G48 | Long             | DBT              | CORP              | US        |    225000 | PA      | $225204.53    | 0.32%             | 2025-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| EVERSOURCE ENERGY              | Eversource Energy                                         | CUSIP: 30040WAJ7<br>LEI: SJ7XXD41SQU3ZNWUJ746 | Long             | DBT              | CORP              | US        |    225000 | PA      | $223843.28    | 0.32%             | 2025-08-15      | Fixed         | 0.80%                 | No            |                  2 | On Loan: No      |
| Capital One Multi-Asset Execut | Capital One Multi-Asset Execution Trust                   | CUSIP: 14041NGB1<br>LEI: R42WS16M9R97TJJKGU15 | Long             | ABS-O            | CORP              | US        |    260000 | PA      | $260330.46    | 0.37%             | 2027-10-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust 2022-2           | CUSIP: 14043GAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    172477 | PA      | $171929.98    | 0.25%             | 2027-05-17      | Fixed         | 3.66%                 | No            |                  2 | On Loan: No      |
| Capital One Prime Auto Receiva | Capital One Prime Auto Receivables Trust 2021-1           | CUSIP: 14044CAC6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |      9377 | PA      | $9362.22      | 0.01%             | 2026-09-15      | Fixed         | 0.77%                 | No            |                  2 | On Loan: No      |
| MASTERCARD INC                 | Mastercard, Inc.                                          | CUSIP: 57636QBE3<br>LEI: AR5L2ODV9HN37376R084 | Long             | DBT              | CORP              | US        |     95000 | PA      | $95210.62     | 0.14%             | 2028-03-15      | Floating      | 4.75%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust | Mercedes-Benz Auto Lease Trust 2023-A                     | CUSIP: 58768RAC4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    141738 | PA      | $141775.25    | 0.20%             | 2027-01-15      | Fixed         | 4.74%                 | No            |                  2 | On Loan: No      |
| Mercedes-Benz Auto Lease Trust | Mercedes-Benz Auto Lease Trust 2024-A                     | CUSIP: 58770JAD6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    332000 | PA      | $336176.56    | 0.48%             | 2028-01-18      | Fixed         | 5.32%                 | No            |                  2 | On Loan: No      |
| MICROSOFT CORP                 | Microsoft Corp.                                           | CUSIP: 594918BR4<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | DBT              | CORP              | US        |    250000 | PA      | $245807.00    | 0.35%             | 2026-08-08      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| MONDELEZ INTERNATIONAL         | Mondelez International, Inc.                              | CUSIP: 609207BA2<br>LEI: 549300DV9GIB88LZ5P30 | Long             | DBT              | CORP              | US        |    200000 | PA      | $194914.40    | 0.28%             | 2027-03-17      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings, Inc.                     | CUSIP: 65339KBY5<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |    150000 | PA      | $144710.40    | 0.21%             | 2027-01-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| NEXTERA ENERGY CAPITAL         | NextEra Energy Capital Holdings, Inc.                     | CUSIP: 65339KCR9<br>LEI: UMI46YPGBLUE4VGNNT48 | Long             | DBT              | CORP              | US        |     60000 | PA      | $60144.48     | 0.09%             | 2026-01-29      | Floating      | 5.08%                 | No            |                  2 | On Loan: No      |
| World Omni Auto Receivables Tr | World Omni Auto Receivables Trust 2024-A                  | CUSIP: 98164RAD8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    305000 | PA      | $306785.47    | 0.44%             | 2029-03-15      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co. LLC                                 | CUSIP: 88233FAK6<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | LON              | CORP              | US        |    231600 | PA      | $232460.86    | 0.33%             | 2025-12-31      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| KFC HOLDING CO                 | KFC Holding Co.                                           | CUSIP: 72584DAF1<br>LEI: 549300G2LG4YUB3MM115 | Long             | LON              | CORP              | US        |    245524 | PA      | $247020.75    | 0.36%             | 2028-03-15      | Floating      | 6.18%                 | No            |                  2 | On Loan: No      |
| TRANS UNION LLC                | Trans Union LLC                                           | CUSIP: 89334GBF0<br>LEI: X8NPN6PWJOM1QCTYFV34 | Long             | LON              | CORP              | US        |    243051 | PA      | $243631.87    | 0.35%             | 2031-06-24      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| HILTON DOMESTIC OPERATIN       | Hilton Domestic Operating Co., Inc.                       | CUSIP: 43289DAK9<br>LEI: 5493003EG7H0N1E4XV50 | Long             | LON              | CORP              | US        |    250000 | PA      | $251132.50    | 0.36%             | 2030-11-08      | Floating      | 6.07%                 | No            |                  2 | On Loan: No      |
| Fidelity Treasury Portfolio    | Fidelity Treasury Portfolio - Class I                     | CUSIP: 316175504<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3900967 | PA      | $3900966.59   | 5.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square CLO Senior Debt  | Palmer Square CLO Senior Debt ETF                         | CUSIP: 696930205<br>LEI: 529900TABPQS963SOB46 | Long             |  | RF                | US        |      9958 | NS      | $201649.50    | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp.                        | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $251184.75    | 0.36%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| Golub Capital Partners Static  | Golub Capital Partners Static 2024-1 Ltd.                 | CUSIP: 381929AN8<br>LEI: 25490083RWI1EQQYLH43 | Long             | ABS-CBDO         | CORP              | KY        |   2000000 | PA      | $2000000.00   | 2.87%             | 2035-07-20      | Floating      | 0.00%                 | Yes           |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot, Inc.                                          | CUSIP: 437076BM3<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247759.25    | 0.36%             | 2026-04-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T | Discover Card Execution Note Trust                        | CUSIP: 254683CX1<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    220000 | PA      | $220344.52    | 0.32%             | 2027-10-15      | Fixed         | 5.03%                 | No            |                  2 | On Loan: No      |
| Discover Card Execution Note T | Discover Card Execution Note Trust                        | CUSIP: 254683CY9<br>LEI: 549300CKCX1QE4RUW216 | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $199861.40    | 0.29%             | 2028-03-15      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |
| HOME DEPOT INC                 | Home Depot, Inc.                                          | CUSIP: 437076CX8<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | DBT              | CORP              | US        |     75000 | PA      | $75276.55     | 0.11%             | 2025-12-24      | Fixed         | 5.10%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2025-2 Owner Trust                 | CUSIP: 437921AB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    100000 | PA      | $99937.20     | 0.14%             | 2028-01-18      | Fixed         | 4.30%                 | No            |                  2 | On Loan: No      |
| TWDC ENTERPRISES 18 CORP       | TWDC Enterprises 18 Corp.                                 | CUSIP: 25468PDM5<br>LEI: 7260JQNI6SCF9FIV2392 | Long             | DBT              | CORP              | US        |    200000 | PA      | $195188.40    | 0.28%             | 2026-07-30      | Fixed         | 1.85%                 | No            |                  2 | On Loan: No      |
| Honda Auto Receivables Owner T | Honda Auto Receivables 2023-3 Owner Trust                 | CUSIP: 43815QAC1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    451467 | PA      | $454452.44    | 0.65%             | 2028-02-18      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2024-A            | CUSIP: 448988AB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     97578 | PA      | $97672.50     | 0.14%             | 2026-06-15      | Fixed         | 5.15%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2023-C                     | CUSIP: 44918CAD4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $237631.06    | 0.34%             | 2028-10-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust 2025-A                     | CUSIP: 44935CAB7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    235000 | PA      | $234912.35    | 0.34%             | 2027-12-15      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| BMW Vehicle Lease Trust        | BMW Vehicle Lease Trust 2023-2                            | CUSIP: 055979AC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     48588 | PA      | $48763.44     | 0.07%             | 2026-09-25      | Fixed         | 5.99%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC     | Barings Equipment Finance LLC 2025-A                      | CUSIP: 06764MAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    610000 | PA      | $611769.00    | 0.88%             | 2028-10-13      | Fixed         | 4.64%                 | Yes           |                  2 | On Loan: No      |
| Battalion CLO LTD              | Battalion Clo XV Ltd.                                     | CUSIP: 07131AAM6<br>LEI: 549300CJP8HGT746II19 | Long             | ABS-CBDO         | CORP              | KY        |   1415310 | PA      | $1411969.44   | 2.03%             | 2033-01-17      | Floating      | 5.26%                 | Yes           |                  2 | On Loan: No      |
| Bluemountain CLO Ltd           | BlueMountain Fuji U.S. Clo II Ltd.                        | CUSIP: 09629EAL5<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    281242 | PA      | $281860.53    | 0.41%             | 2030-10-20      | Floating      | 5.53%                 | Yes           |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO        | Bristol-Myers Squibb Co.                                  | CUSIP: 110122CN6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |    250000 | PA      | $247731.50    | 0.36%             | 2026-06-15      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP /  CAYMN FI       | Broadcom Corp. / Broadcom Cayman Finance Ltd.             | CUSIP: 11134LAH2<br>LEI: N/A                  | Long             | DBT              | CORP              | XX        |    200000 | PA      | $198696.60    | 0.29%             | 2027-01-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Hyundai Auto Lease Securitizat | Hyundai Auto Lease Securitization Trust 2025-B            | CUSIP: 44935DAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    105000 | PA      | $105391.44    | 0.15%             | 2027-09-15      | Fixed         | 4.58%                 | Yes           |                  2 | On Loan: No      |
| Hyundai Auto Receivables Trust | Hyundai Auto Receivables Trust                            | CUSIP: 44935XAB1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     75000 | PA      | $75166.73     | 0.11%             | 2028-08-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2018-III Ltd.                                | CUSIP: 12551YAA1<br>LEI: 635400OB7ZCBUWDQNV87 | Long             | ABS-CBDO         | CORP              | KY        |    623510 | PA      | $624106.58    | 0.90%             | 2031-07-18      | Floating      | 5.63%                 | Yes           |                  2 | On Loan: No      |
| CIFC Funding Ltd               | CIFC Funding 2013-III-R Ltd.                              | CUSIP: 12552MAL2<br>LEI: 549300JZARV9CBLL1S14 | Long             | ABS-CBDO         | CORP              | KY        |   1698752 | PA      | $1698546.77   | 2.44%             | 2031-04-24      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp.                                          | CUSIP: 126650DM9<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |    200000 | PA      | $187548.20    | 0.27%             | 2027-08-21      | Fixed         | 1.30%                 | No            |                  2 | On Loan: No      |
| INTERCONTINENTALEXCHANGE       | Intercontinental Exchange, Inc.                           | CUSIP: 45866FAU8<br>LEI: 5493000F4ZO33MV32P92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199194.00    | 0.29%             | 2027-09-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| IBM CORP                       | International Business Machines Corp.                     | CUSIP: 459200KS9<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199914.80    | 0.29%             | 2025-07-27      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2022-C                             | CUSIP: 47800BAC2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     76022 | PA      | $76235.86     | 0.11%             | 2027-06-15      | Fixed         | 5.09%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2025                               | CUSIP: 47800DAB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     70000 | PA      | $69970.18     | 0.10%             | 2028-03-15      | Fixed         | 4.23%                 | No            |                  2 | On Loan: No      |
| John Deere Owner Trust         | John Deere Owner Trust 2024                               | CUSIP: 47800RAB9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     90404 | PA      | $90529.96     | 0.13%             | 2027-02-16      | Fixed         | 5.19%                 | No            |                  2 | On Loan: No      |
| KROGER CO                      | Kroger Co.                                                | CUSIP: 501044DC2<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248516.75    | 0.36%             | 2026-02-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| Kubota Credit Owner Trust      | Kubota Credit Owner Trust 2025-2                          | CUSIP: 50117LAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     65000 | PA      | $64992.16     | 0.09%             | 2028-04-17      | Fixed         | 4.48%                 | Yes           |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM XIV LP                                                | CUSIP: 50184VAR5<br>LEI: 549300NGJ6CPPJRPGL08 | Long             | ABS-CBDO         | CORP              | KY        |     88560 | PA      | $88668.42     | 0.13%             | 2031-07-20      | Floating      | 5.57%                 | Yes           |                  2 | On Loan: No      |
| LCM Ltd Partnership            | LCM XVIII LP                                              | CUSIP: 50188GAU7<br>LEI: 549300PYL1KC7BYM8G75 | Long             | ABS-CBDO         | CORP              | KY        |   1040000 | PA      | $1044889.14   | 1.50%             | 2031-04-20      | Floating      | 6.13%                 | Yes           |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                   | CUSIP: 55336VBR0<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |    200000 | PA      | $196169.60    | 0.28%             | 2026-03-01      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $991533.00    | 1.43%             | 2025-09-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797QB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1246968.75   | 1.79%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $987555.00    | 1.42%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797QU4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1238663.75   | 1.78%             | 2025-09-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                               | CUSIP: 912797QV2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1485292.50   | 2.13%             | 2025-09-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Venture CDO Ltd                | Venture 38 CLO Ltd.                                       | CUSIP: 92332NBC8<br>LEI: 549300EM6DS6KQH1HN07 | Long             | ABS-CBDO         | CORP              | KY        |    881599 | PA      | $879686.79    | 1.26%             | 2032-07-30      | Floating      | 5.28%                 | Yes           |                  2 | On Loan: No      |
| VERALTO CORP                   | Veralto Corp.                                             | CUSIP: 92338CAB9<br>LEI: 635400FJE6GSOJUSNY27 | Long             | DBT              | CORP              | US        |    140000 | PA      | $141705.48    | 0.20%             | 2026-09-18      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VERIZON COMMUNICATIONS         | Verizon Communications, Inc.                              | CUSIP: 92343VDY7<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | DBT              | CORP              | US        |    200000 | PA      | $199922.80    | 0.29%             | 2027-03-16      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Verizon Master Trust           | Verizon Master Trust                                      | CUSIP: 92348KCL5<br>LEI: 5493007MUBNP1GFMEB89 | Long             | ABS-O            | CORP              | US        |    300000 | PA      | $300660.60    | 0.43%             | 2028-12-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |    200000 | PA      | $193488.60    | 0.28%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Loan Enhanced  | Volkswagen Auto Loan Enhanced Trust 2024-1                | CUSIP: 92868RAB4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    133675 | PA      | $133817.97    | 0.19%             | 2027-11-22      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| Volkswagen Auto Lease Trust    | Volkswagen Auto Lease Trust 2025-A                        | CUSIP: 92868WAB3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    155000 | PA      | $155466.40    | 0.22%             | 2027-12-20      | Fixed         | 4.43%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | VOYA CLO 2017-2                                           | CUSIP: 92915UAG9<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    126689 | PA      | $126772.26    | 0.18%             | 2030-06-07      | Floating      | 5.50%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2017-1 Ltd.                                      | CUSIP: 92916MAF8<br>LEI: 54930054YW6PM1FPVU95 | Long             | ABS-CBDO         | CORP              | KY        |     78220 | PA      | $78270.26     | 0.11%             | 2030-04-17      | Floating      | 5.49%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2013-2 Ltd.                                      | CUSIP: 92916WAA7<br>LEI: 5493007ASGBOUR3XJY69 | Long             | ABS-CBDO         | CORP              | KY        |    234124 | PA      | $234371.47    | 0.34%             | 2031-04-25      | Floating      | 5.51%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2018-3 Ltd.                                      | CUSIP: 92917KAQ7<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |   1350138 | PA      | $1352327.68   | 1.94%             | 2031-10-15      | Floating      | 5.46%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2018-3 Ltd.                                      | CUSIP: 92917KAW4<br>LEI: 54930068MLVF3BECCK93 | Long             | ABS-CBDO         | CORP              | KY        |    800000 | PA      | $804033.60    | 1.16%             | 2031-10-15      | Floating      | 6.61%                 | Yes           |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2020-3 Ltd.                                      | CUSIP: 92918NAY3<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |   1000000 | PA      | $1000711.20   | 1.44%             | 2038-01-20      | Floating      | 5.52%                 | Yes           |                  2 | On Loan: No      |
| WORKDAY INC                    | Workday, Inc.                                             | CUSIP: 98138HAG6<br>LEI: 549300J0DYC0N31V7G13 | Long             | DBT              | CORP              | US        |    200000 | PA      | $197505.00    | 0.28%             | 2027-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-15

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

**Signature:** /s/ Maureen Quill

**Name of Signer:** Maureen Quill

**Title:** President