# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001936157-25-000083
**Filing Date:** 2025-11
**Character Count:** 20442
**Document Hash:** 2392cc2d862ba76aefbb5699d00df668
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001936157-25-000083.hdr.sgml**: 20251125

**ACCESSION NUMBER**: 0001936157-25-000083

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251125

**DATE AS OF CHANGE**: 20251125

**PERIOD START**: 20250930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Elevation Series Trust
- **CENTRAL INDEX KEY:** 0001936157

**ORGANIZATION NAME:**
- **EIN:** 882465192
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23812
- **FILM NUMBER:** 251516480

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 1850
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80290

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Consortio Funds Trust
- **DATE OF NAME CHANGE:** 20220630

## Series and Classes Contracts Data

### RiverNorth Active Income ETF (Series ID: S000093615)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000262008 | RiverNorth Active Income ETF |  |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23812

- **c. CIK number of Registrant:** 0001936157

- **d. LEI of Registrant:** 549300QVQ3VLO2G2BM75

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

  - **Street Address 1:** 1700 Broadway Suite 1850

  - **City:** Denver

  - **State:** CO

  - **Foreign country:** US

  - **Zip / Postal Code:** 80290

  - **Telephone number:** 8775249155

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

- **a. Name of Series:** RiverNorth Active Income ETF

- **b. EDGAR series identifier (if any):** S000093615

- **c. LEI of Series:** 529900054LZIWLFCFR05

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $35828173.18

**Total Liabilities:** $51625.97

**Net Assets:** $35776547.21

**Cash Not Reported:** $314.24

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262008 | 1.08%                | 3.00%                | 2.35%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $333255.02               | $-13988.54                                 |
| Month 2  | $230720.13               | $-3046755.75                               |
| Month 3  | $350335.48               | $234165.72                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Nuveen Real Estate Income Fund | Nuveen Real Estate Income Fund                  | CUSIP: 67071B108<br>LEI: LXJVVL0330BRT3R7PH61 | Long             | EC               | RF                | US        |     13786 | NS      | $112769.48    | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| First Trust High Yield Opportu | First Trust High Yield Opportunities 2027       | CUSIP: 33741Q107<br>LEI: 549300VWTG40J7RZE994 | Long             | EC               | RF                | US        |     31414 | NS      | $455188.86    | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Emerging Markets ex Chin | abrdn Emerging Markets ex China                 | CUSIP: 00301W105<br>LEI: 549300MSYUW07RYUZD27 | Long             | EC               | RF                | US        |     94662 | NS      | $613409.76    | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked | Western Asset Inflation-Linked Opp & Income     | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             | EC               | RF                | US        |    176516 | NS      | $1569227.24   | 4.39%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Energy Midstream O | CLEARBRIDGE ENERGY MIDSTREAM OPP RIGHTS         | CUSIP: 18469P118<br>LEI: 549300U6RAJWN6OONX12 | Long             | EC               | CORP              | US        |         3 | NC      | $0.06         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp | Oaktree Specialty Lending Corp                  | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |     21472 | NS      | $280209.60    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| India Fund Inc/The             | India Fund Inc/The                              | CUSIP: 454089103<br>LEI: 5493008XCB4X3JFQPB87 | Long             | EC               | RF                | US        |      9758 | NS      | $142954.70    | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Tre | State Street Inst Treasury MMKT - Premier Class | CUSIP: 857492888<br>LEI: 549300Q3FHSMZ70NLT76 | Long             | STIV             | RF                | US        |   4184013 | NS      | $4184013.34   | 11.69%            |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Multi-Sector Income  | BlackRock Multi-Sector Income                   | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |     21459 | NS      | $287336.01    | 0.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty All-Star Equity Fund   | Liberty All-Star Equity Fund                    | CUSIP: 530158104<br>LEI: 549300DLV755RNHI1N92 | Long             | EC               | RF                | US        |     14226 | NS      | $90192.84     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Income Strategy Fund II  | PIMCO Income Strategy Fund II                   | CUSIP: 72201J104<br>LEI: RS8VXHJKKVE627NLC573 | Long             | EC               | RF                | US        |     44181 | NS      | $335333.79    | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Income Credit Strategies | abrdn Income Credit Strategies                  | CUSIP: 003057106<br>LEI: JZ9OXI4GGKZDI84RNQ78 | Long             | EC               | RF                | US        |     29796 | NS      | $172816.80    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Opportunities Fu | Clough Global Opportunities Fund                | CUSIP: 18914E106<br>LEI: 549300DTG68UBCNCPY15 | Long             | EC               | RF                | US        |    195000 | NS      | $1111500.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Co | Blue Owl Technology Finance Corp                | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |      5429 | NS      | $75028.78     | 0.21%             |  |  |  | No            |                  1 | On Loan: No      |
| ClearBridge Energy Midstream O | ClearBridge Energy Midstream Opportunity        | CUSIP: 18469P209<br>LEI: 549300U6RAJWN6OONX12 | Long             | EC               | RF                | US        |         3 | NS      | $134.76       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Barings BDC Inc                | Barings BDC Inc                                 | CUSIP: 06759L103<br>LEI: 549300GSF4KFZP6ONG49 | Long             | EC               | CORP              | US        |     20342 | NS      | $178195.92    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Holdings Ltd/F | Pershing Square Holdings Ltd                    | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | EC               | RF                | GG        |     73553 | NS      | $4545575.40   | 12.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Senior Floating Rat | Blackstone Senior Floating Rate 2027            | CUSIP: 09256U105<br>LEI: 549300PXYPBYRHU59R03 | Long             | EC               | RF                | US        |     72134 | NS      | $1014204.04   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Secured Lending Inc    | Carlyle Secured Lending Inc                     | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | CORP              | US        |     18113 | NS      | $226412.50    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Income Trust Inc     | BLACKROCK INCOME TRUST INC RIGHTS               | CUSIP: 09247F118<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | DE               | CORP              | US        |         3 | NC      | $0.18         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Voya Emerging Markets High Div | Voya Emerging Markets High Dividend Equity      | CUSIP: 92912P108<br>LEI: 549300MBU0OQHUKI2Y86 | Long             | EC               | RF                | US        |     33384 | NS      | $209314.34    | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Calamos Long/Short Equity & Dy | Calamos Long/Short Equity & Dynamic Income      | CUSIP: 12812C106<br>LEI: 54930028TUOZZMUQBY94 | Long             | EC               | RF                | US        |     78576 | NS      | $1272931.20   | 3.56%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO High Income Fund         | PIMCO High Income Fund                          | CUSIP: 722014107<br>LEI: TYNS8LL5KA936NJZN198 | Long             | EC               | RF                | US        |     76922 | NS      | $383840.78    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Special Opportunities Fund Inc | Special Opportunities Fund Inc                  | CUSIP: 84741T104<br>LEI: 549300DGAJTGM6R4HK03 | Long             | EC               | RF                | US        |     14552 | NS      | $225556.00    | 0.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Emerging Markets  | Invesco RAFI Emerging Markets                   | CUSIP: 46138E727<br>LEI: 5493003H1JIGI1UCJV78 | Long             | EC               | RF                | US        |     54236 | NS      | $1378679.12   | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Equity Fund      | Clough Global Equity Fund                       | CUSIP: 18914C100<br>LEI: 549300SI1THLT6A9J147 | Long             | EC               | RF                | US        |    191913 | NS      | $1460457.93   | 4.08%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR Capital Corp            | FS KKR Capital Corp                             | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |      5301 | NS      | $79143.93     | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniHoldings New Yor | BlackRock MuniHoldings New York Quality         | CUSIP: 09255C106<br>LEI: YP1D2S6Y4JY0A7W3DV93 | Long             | EC               | RF                | US        |     37343 | NS      | $381645.46    | 1.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportun | Saba Capital Income & Opportunities             | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | CORP              | US        |        99 | NS      | $769.23       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Dow 30sm Dynamic Overwr | Nuveen Dow 30 Dynamic Overwrite Fund            | CUSIP: 67075F105<br>LEI: 549300CNS4Q1ZZUGS005 | Long             | EC               | RF                | US        |      9163 | NS      | $136437.07    | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc     | Howard Hughes Holdings Inc                      | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     16038 | NS      | $1317842.46   | 3.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Golub Capital BDC Inc          | Golub Capital BDC Inc                           | CUSIP: 38173M102<br>LEI: 2549005WE0QLGK9APF78 | Long             | EC               | RF                | US        |      4678 | NS      | $64041.82     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Resources & Commodit | BlackRock Resources                             | CUSIP: 09257A108<br>LEI: 8DZAUY8151XS5PISSX42 | Long             | EC               | RF                | US        |    126565 | NS      | $1287166.05   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Science and Technolo | BlackRock Science and Technology                | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | RF                | US        |     55000 | NS      | $1218800.00   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson Energy Infrastr | Kayne Anderson Energy Infrastr                  | CUSIP: 486606106<br>LEI: 549300H9ZCLGQEKXQY57 | Long             | EC               | RF                | US        |     44451 | NS      | $549858.87    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Micro-Cap Trust Inc      | Royce Micro-Cap Trust Inc                       | CUSIP: 780915104<br>LEI: 254900D3WFIV4SD8EF19 | Long             | EC               | RF                | US        |     98533 | NS      | $1023757.87   | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure  | Cohen & Steers Infrastructure Rights            | CUSIP: 19248A117<br>LEI: T085JMDV2CFIPONRA870 | Long             | DE               | CORP              | US        |         5 | NC      | $0.39         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Municipal Value Fund In | Nuveen Municipal Value Fund                     | CUSIP: 670928100<br>LEI: 549300TFLBQ7LJSP8B20 | Long             | EC               | RF                | US        |     47200 | NS      | $423856.00    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Direct Lending  | Morgan Stanley Direct Lending                   | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |     21304 | NS      | $342568.32    | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Dividend and Inc | Clough Global Dividend and Income Fund          | CUSIP: 18913Y103<br>LEI: 5493001GFY6TW0CYCT15 | Long             | EC               | RF                | US        |     60260 | NS      | $358547.00    | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Small-Cap Trust Inc      | Royce Small-Cap Trust Inc                       | CUSIP: 780910105<br>LEI: 254900NJE1W1YYKNVM16 | Long             | EC               | RF                | US        |     69041 | NS      | $1113631.33   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield Quality Fu | BlackRock MuniYield Quality Fund III            | CUSIP: 09254E103<br>LEI: UB5J2GS6Q51M6A2L8886 | Long             | EC               | RF                | US        |     17503 | NS      | $193933.24    | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 10+ Year Investment Gr | iShares 10+ Year Investment Grade               | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |     18089 | NS      | $932307.06    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Flexible Income Active | iShares Flexible Income Active                  | CUSIP: 092528603<br>LEI: 5299008ELWKMLX9XJP73 | Long             | EC               | RF                | US        |     43889 | NS      | $2336650.36   | 6.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield New York Q | BlackRock MuniYield New York Quality            | CUSIP: 09255E102<br>LEI: 158AYFGDRFUGVL3TD012 | Long             | EC               | RF                | US        |     42526 | NS      | $422283.18    | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportun | Saba Capital Income & Opportunity Fund II       | CUSIP: 880198205<br>LEI: QU1AAXOSV5K4OVMXJP19 | Long             | EC               | RF                | US        |    208014 | NS      | $1897087.68   | 5.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred  | Flaherty & Crumrine Preferred and Income Opp    | CUSIP: 33848E106<br>LEI: 2549008Y9TGWYEWYW496 | Long             | EC               | RF                | US        |     68712 | NS      | $669942.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson BDC Inc         | Kayne Anderson BDC Inc                          | CUSIP: 48662X105<br>LEI: 213800L27Z3YODNCUQ03 | Long             | EC               | CORP              | US        |       382 | NS      | $5088.24      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Income Trust Inc     | BlackRock Income Trust Inc                      | CUSIP: 09247F209<br>LEI: TZVEKBHO1R4X5PI73286 | Long             | EC               | RF                | US        |         3 | NS      | $33.72        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Health Sciences Term | BlackRock Health Sciences Term                  | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Long             | EC               | RF                | US        |     25304 | NS      | $364883.68    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Total Dynamic Dividend F | abrdn Total Dynamic Dividend                    | CUSIP: 00326L100<br>LEI: 254900D48NKNOGZ95B43 | Long             | EC               | RF                | US        |     33624 | NS      | $318083.04    | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Elevation Series Trust

**Signature:** Nick Austin

**Name of Signer:** Nick Austin

**Title:** Treasurer