# EDGAR Filing Document

**Accession Number:** 0001660765
**File Stem:** 0001145549-25-057321
**Filing Date:** 2025-8
**Character Count:** 7798
**Document Hash:** 6ff3d2030e38b844e56f1fa8ab7d3c11
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-057321.hdr.sgml**: 20250829

**ACCESSION NUMBER**: 0001145549-25-057321

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250829

**DATE AS OF CHANGE**: 20250829

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clayton Street Trust
- **CENTRAL INDEX KEY:** 0001660765

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23121
- **FILM NUMBER:** 251279183

**BUSINESS ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206
- **BUSINESS PHONE:** 303-333-3863

**MAIL ADDRESS:**
- **STREET 1:** 151 DETROIT STREET
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80206

## Series and Classes Contracts Data

### Protective Life Dynamic Allocation Series - Moderate Portfolio (Series ID: S000052999)

| Class ID   | Class Name                                                     | Ticker Symbol   |
|:---|:---|:---|
| C000166589 | Protective Life Dynamic Allocation Series - Moderate Portfolio |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** CLAYTON STREET TRUST

- **b. Investment Company Act file number:** 811-23121

- **c. CIK number of Registrant:** 0001660765

- **d. LEI of Registrant:** 549300A5MQR2XX0LRL20

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

  - **Street Address 1:** 151 DETROIT STREET

  - **City:** DENVER

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80206

  - **Telephone number:** 303-333-3863

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

- **a. Name of Series:** Protective Life Dynamic Allocation Series - Moderate Portfolio

- **b. EDGAR series identifier (if any):** S000052999

- **c. LEI of Series:** 549300FKVERGMWCKQT19

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

- **a. Date of fiscal year-end:** 2025-12-31

- **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:** $707192436.45

**Total Liabilities:** $549093.32

**Net Assets:** $706643343.13

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000166589 | 0.00%                | 2.00%                | 3.23%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1992465.00             | $282793.00                                 |
| Month 2  | $-419329.00              | $12959699.00                               |
| Month 3  | $-170056.00              | $19721349.00                               |

**Designated Index Information**

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

- **Index Identifier:** INTRNL-1407098648

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Franklin Templeton ETF Trust              | Franklin Templeton ETF Trust FTSE UNITED KINGDOM ETF                                   | CUSIP: 35473P678<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |   1525236 | NS      | $46717978.68  | 6.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Franklin Templeton ETF Trust              | Franklin Templeton ETF Trust FTSE JAPAN ETF                                            | CUSIP: 35473P744<br>LEI: 549300UHXVPT5S43XV04 | Long             | EC               | RF                | US        |    738036 | NS      | $23727857.40  | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange Traded Fund Trust II     | Invesco Exchange Traded Fund Trust II NASDAQ 100 ETF                                   | CUSIP: 46138G649<br>LEI: O540V2L4S174Y60FMD36 | Long             | EC               | RF                | US        |    319214 | NS      | $72493499.40  | 10.26%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust                             | iShares Trust CORE US AGGREGATE BD ETF                                                 | CUSIP: 464287226<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |   2386435 | NS      | $236734352.00 | 33.50%            |  |  |  | No            |                  1 | On Loan: No      |
| J P Morgan Exchange Traded Fund Trust     | J P Morgan Exchange Traded Fund Trust BETABUILDERS DEVELOPED ASIA PACIFIC-EX JAPAN ETF | CUSIP: 46641Q233<br>LEI: 5493001E1K1DVWDV2464 | Long             | EC               | RF                | US        |    434809 | NS      | $23697090.50  | 3.35%             |  |  |  | No            |                  1 | On Loan: —       |
| Vanguard International Equity Index Funds | Vanguard International Equity Index Funds FTSE EUROPE ETF                              | CUSIP: 922042874<br>LEI: 549300UR5XWDVDO7NP96 | Long             | EC               | RF                | US        |    614634 | NS      | $47634135.00  | 6.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | Vanguard Index Funds S&P 500 ETF USD                                                   | CUSIP: 922908363<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |    326961 | NS      | $185723656.83 | 26.28%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds                      | Vanguard Index Funds VANGUARD SMALL-CAP ETF                                            | CUSIP: 922908751<br>LEI: 549300G6KNDK44WUN559 | Long             | EC               | RF                | US        |    294728 | NS      | $69844641.44  | 9.88%             |  |  |  | No            |                  1 | On Loan: No      |
| Janus Henderson Cash Collateral Fund      | Janus Henderson Cash Collateral Fund                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | PF                | US        |    322660 | NS      | $322660.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                       | Royal Bank of Canada                                                                   | CUSIP: N/A<br>LEI: N/A                        | Long             | STIV             | CORP              | US        |     80665 | PA      | $80665.00     | 0.01%             | 2025-07-01      | Fixed         | 4.31%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-14

**Name of Applicant:** CLAYTON STREET TRUST

**Signature:** JESPER NERGAARD

**Name of Signer:** JESPER NERGAARD

**Title:** VP, CFO, TREASURER, AND PRINCIPAL ACCOUNTING OFFICER