# EDGAR Filing Document

**Accession Number:** 0001359057
**File Stem:** 0000894189-26-012589
**Filing Date:** 2026-4
**Character Count:** 26970
**Document Hash:** 86db1eacb08a88e210d44731a63ab86e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-012589.hdr.sgml**: 20260423

**ACCESSION NUMBER**: 0000894189-26-012589

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260228

**FILED AS OF DATE**: 20260423

**DATE AS OF CHANGE**: 20260423

**PERIOD START**: 20260831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Manager Directed Portfolios
- **CENTRAL INDEX KEY:** 0001359057

**ORGANIZATION NAME:**
- **EIN:** 571138125
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21897
- **FILM NUMBER:** 26886646

**BUSINESS ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 9522306140

**MAIL ADDRESS:**
- **STREET 1:** C/O U.S. BANCORP FUND SERVICES, LLC
- **STREET 2:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Roxbury Funds
- **DATE OF NAME CHANGE:** 20060411

## Series and Classes Contracts Data

### SWP GROWTH & INCOME ETF (Series ID: S000087763)

| Class ID   | Class Name              | Ticker Symbol   |
|:---|:---|:---|
| C000253723 | SWP GROWTH & INCOME ETF | SWP             |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Manager Directed Portfolios

- **b. Investment Company Act file number:** 811-21897

- **c. CIK number of Registrant:** 0001359057

- **d. LEI of Registrant:** 549300WAC9XE08QLVP90

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

  - **Street Address 1:** 615 E. Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 4145163123

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

- **a. Name of Series:** SWP Growth & Income ETF

- **b. EDGAR series identifier (if any):** S000087763

- **c. LEI of Series:** 529900L25S7UAX8SZO75

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

- **a. Date of fiscal year-end:** 2026-08-31

- **b. Date as of which information is reported:** 2026-02-28

**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:** $147109494.56

**Total Liabilities:** $1798749.12

**Net Assets:** $145310745.44

**Cash Not Reported:** $1207499.56

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000253723 | -0.99%               | 3.01%                | 0.89%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $331295.12               | $-2802078.18                               |
| Month 2  | $202257.40               | $3982241.71                                |
| Month 3  | $2872251.85              | $-2924678.32                               |

**Designated Index Information**

- **Index Name:** FT Wilshire 5000 Index Total Return

- **Index Identifier:** FTW5000T

### 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: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |      5376 | NS      | $3484615.68   | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                            | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     14666 | NS      | $5759924.84   | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | AbbVie Inc                                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -115 | NC      | $-64630.00    | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Alphabet Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -163 | NC      | $-326.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group I | PNC Financial Services Group Inc/The      | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     11217 | NS      | $2381929.95   | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Prologis Inc                   | Prologis Inc                              | CUSIP: 74340W103<br>LEI: 529900DFH19P073LZ636 | Long             | EC               | CORP              | US        |     27861 | NS      | $3972142.77   | 2.73%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp                       | RTX Corp                                  | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     15667 | NS      | $3174447.54   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Scotts Miracle-Gro Co/The      | Scotts Miracle-Gro Co/The                 | CUSIP: 810186106<br>LEI: 2TH9E0JTOUXOEGI2R879 | Long             | EC               | CORP              | US        |     32322 | NS      | $2266418.64   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Silicon Motion Technology Corp | Silicon Motion Technology Corp            | CUSIP: 82706C108<br>LEI: 5299005RBVBZQJTYFC89 | Long             | EC               | CORP              | TW        |     20265 | NS      | $2618845.95   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| STMicroelectronics NV          | STMicroelectronics NV                     | CUSIP: 861012102<br>LEI: 213800Z8NOHIKRI42W10 | Long             | EC               | CORP              | CH        |     74594 | NS      | $2507104.34   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     20672 | NS      | $3341835.52   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| TSMC                           | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: 874039100<br>LEI: 549300KB6NK5SBD14S87 | Long             | EC               | CORP              | TW        |      6681 | NS      | $2502568.98   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Toll Brothers Inc              | Toll Brothers Inc                         | CUSIP: 889478103<br>LEI: 529900JB6IS9MSZGVR44 | Long             | EC               | CORP              | US        |     23247 | NS      | $3655358.28   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Toyota Motor Corp              | Toyota Motor Corp                         | CUSIP: 892331307<br>LEI: 5493006W3QUS5LMH6R84 | Long             | EC               | CORP              | JP        |      8728 | NS      | $2115492.64   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Broadcom Inc                              | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -135 | NC      | $-135.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Blackstone Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -178 | NC      | $-2136.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Citigroup Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -217 | NC      | $-434.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Cameco Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -113 | NC      | $-113.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Digital Realty Trust Inc                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -83 | NC      | $-415.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Freeport-McMoRan Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -370 | NC      | $-74000.00    | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Goldman Sachs Group Inc/The               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -21 | NC      | $-105.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | International Business Machines Corp      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -146 | NC      | $-438.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | JPMorgan Chase & Co                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -102 | NC      | $-102.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Eli Lilly & Co                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-48.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Meta Platforms Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -47 | NC      | $-47.00       | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Microsoft Corp                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -131 | NC      | $-131.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NextEra Energy Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -307 | NC      | $-307.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | NIKE Inc                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -248 | NC      | $-496.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Oracle Corp                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -234 | NC      | $-234.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Philip Morris International Inc           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -195 | NC      | $-975.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | RTX Corp                                  | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -140 | NC      | $-280.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | TJX Cos Inc/The                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -186 | NC      | $-558.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Taiwan Semiconductor Manufacturing Co Ltd | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -59 | NC      | $-82600.00    | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | United Rentals Inc                        | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -19 | NC      | $-95.00       | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                        | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     34181 | NS      | $3205152.37   | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                  | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     27642 | NS      | $1718779.56   | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                               | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     25998 | NS      | $3780109.20   | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International In | Philip Morris International Inc           | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |     21680 | NS      | $4050474.40   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Apple Inc                                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -180 | NC      | $-180.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | American Express Co                       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -54 | NC      | $-162.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Blackrock Inc                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-168.00      | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co                | Baker Hughes Co                           | CUSIP: 05722G100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     56072 | NS      | $3659258.72   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Inc                 | Blackstone Inc                            | CUSIP: 09260D107<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |     19778 | NS      | $2242231.86   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc                  | Blackrock Inc                             | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      2763 | NS      | $2937704.49   | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AstraZeneca PLC                | AstraZeneca PLC                           | CUSIP: N/A<br>LEI: PY6ZZQWO2IZFZC3IOL08       | Long             | EC               | CORP              | GB        |     15345 | NS      | $3198665.25   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                             | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |     32768 | NS      | $3200122.88   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                        | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |      9270 | NS      | $2456364.60   | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| United Parcel Service Inc      | United Parcel Service Inc                 | CUSIP: 911312106<br>LEI: D01LMJZU09ULLNCY6Z23 | Long             | EC               | CORP              | US        |     18791 | NS      | $2179004.36   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals Inc             | United Rentals Inc                        | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |      2227 | NS      | $1870680.00   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                                | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     12798 | NS      | $2970159.84   | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                              | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     18205 | NS      | $5675590.80   | 3.91%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Co            | American Express Co                       | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |      6108 | NS      | $1886761.20   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Cencora Inc                    | Cencora Inc                               | CUSIP: 03073E105<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | EC               | CORP              | US        |      9584 | NS      | $3566589.76   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                                 | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     20061 | NS      | $5299714.98   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Industrial Technologie | Applied Industrial Technologies Inc       | CUSIP: 03820C105<br>LEI: 549300NU173IJRC6PO38 | Long             | EC               | CORP              | US        |     11421 | NS      | $3227346.18   | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom Inc                   | Broadcom Inc                              | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |     15035 | NS      | $4804434.25   | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Cameco Corp                    | Cameco Corp                               | CUSIP: 13321L108<br>LEI: N4BHALMXL3GMZKCUON55 | Long             | EC               | CORP              | CA        |     12630 | NS      | $1495392.00   | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Natural Resources Ltd | Canadian Natural Resources Ltd            | CUSIP: 136385101<br>LEI: 549300T15RIMIKZC5Q38 | Long             | EC               | CORP              | CA        |     53759 | NS      | $2353031.43   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Citigroup Inc                  | Citigroup Inc                             | CUSIP: 172967424<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | EC               | CORP              | US        |     24193 | NS      | $2665826.67   | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Darden Restaurants Inc         | Darden Restaurants Inc                    | CUSIP: 237194105<br>LEI: CY1NFSCCB5GUXC7WZC70 | Long             | EC               | CORP              | US        |     11713 | NS      | $2504825.05   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Dick's Sporting Goods Inc      | Dick's Sporting Goods Inc                 | CUSIP: 253393102<br>LEI: 529900SSBV5I4LWSK313 | Long             | EC               | CORP              | US        |     10289 | NS      | $2095149.07   | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Digital Realty Trust Inc       | Digital Realty Trust Inc                  | CUSIP: 253868103<br>LEI: 549300HKCZ31D08NEI41 | Long             | EC               | CORP              | US        |      9370 | NS      | $1660364.00   | 1.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp               | Duke Energy Corp                          | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |     12349 | NS      | $1615866.65   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Emerson Electric Co            | Emerson Electric Co                       | CUSIP: 291011104<br>LEI: FGLT0EWZSUIRRITFOA30 | Long             | EC               | CORP              | US        |     22184 | NS      | $3344238.00   | 2.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc                   | Enbridge Inc                              | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     37396 | NS      | $1987223.44   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund  | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   4425748 | NS      | $4425747.60   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flowserve Corp                 | Flowserve Corp                            | CUSIP: 34354P105<br>LEI: 6Y0GK87T6V7NJKZJVM41 | Long             | EC               | CORP              | US        |     44432 | NS      | $3933120.64   | 2.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Freeport-McMoRan Inc           | Freeport-McMoRan Inc                      | CUSIP: 35671D857<br>LEI: 549300IRDTHJQ1PVET45 | Long             | EC               | CORP              | US        |     41206 | NS      | $2805304.48   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Group Inc/The    | Goldman Sachs Group Inc/The               | CUSIP: 38141G104<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | EC               | CORP              | US        |      2469 | NS      | $2122278.33   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| IBM                            | International Business Machines Corp      | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     16329 | NS      | $3922389.09   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     11462 | NS      | $3442038.60   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Jefferies Financial Group Inc  | Jefferies Financial Group Inc             | CUSIP: 47233W109<br>LEI: 549300HOF34RGOJ5YL07 | Long             | EC               | CORP              | US        |     60596 | NS      | $2690462.40   | 1.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                            | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |      2732 | NS      | $2874036.68   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-20

**Name of Applicant:** Manager Directed Portfolios

**Signature:** /s/ Scott Ostrowski

**Name of Signer:** Scott Ostrowski

**Title:** Vice President