# EDGAR Filing Document

**Accession Number:** 0001580350
**File Stem:** 0001752724-23-007690
**Filing Date:** 2023-1
**Character Count:** 16135
**Document Hash:** afd4051ab2af1195a8ed2cc685d7126b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-23-007690.hdr.sgml**: 20230123

**ACCESSION NUMBER**: 0001752724-23-007690

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230123

**DATE AS OF CHANGE**: 20230123

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** WST Investment Trust
- **CENTRAL INDEX KEY:** 0001580350
- **IRS NUMBER:** 463618872
- **FISCAL YEAR END:** 0831

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22858
- **FILM NUMBER:** 23542764

**BUSINESS ADDRESS:**
- **STREET 1:** 150 W. MAIN STREET, SUITE 1700
- **CITY:** NORFOLK
- **STATE:** VA
- **ZIP:** 23510
- **BUSINESS PHONE:** 757-623-3676 X317

**MAIL ADDRESS:**
- **STREET 1:** 150 W. MAIN STREET, SUITE 1700
- **CITY:** NORFOLK
- **STATE:** VA
- **ZIP:** 23510

## Series and Classes Contracts Data

### WSTCM Credit Select Risk-Managed Fund (Series ID: S000046497)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000145190 | Institutional Shares | WAMIX           |
| C000145191 | Investor Shares      | WAMBX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **WSTCM CREDIT SELECT RISK-MANAGED FUND** | **WSTCM CREDIT SELECT RISK-MANAGED FUND** | **WSTCM CREDIT SELECT RISK-MANAGED FUND** |
| **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** | **SCHEDULE OF INVESTMENTS** |
| **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** |
| **EXCHANGE-TRADED FUNDS - 66.7%** | **Shares** | **Value** |
| iShares 0-5 Year High Yield Corporate Bond ETF | &nbsp;&nbsp;386529 | &nbsp;&nbsp;$16164643 |
| iShares U.S. Fallen Angels Bond ETF (The) | &nbsp;&nbsp;712929 | &nbsp;&nbsp;17801837 |
| SPDR® Bloomberg Short Term High Yield Bond ETF | &nbsp;&nbsp;651124 | &nbsp;&nbsp;16167409 |
| SPDR® Bloomberg High Yield Bond ETF | &nbsp;&nbsp;264230 | &nbsp;&nbsp;24528471 |
| VanEck Vectors Fallen Angel High Yield Bond ETF | &nbsp;&nbsp;646583 | &nbsp;&nbsp;17768101 |
| **TOTAL EXCHANGE-TRADED FUNDS** (Cost $91,119,427) | **TOTAL EXCHANGE-TRADED FUNDS** (Cost $91,119,427) | &nbsp;&nbsp;$92430461 |
| **OPEN-END FUNDS - 23.0%** | **Shares** | **Value** |
| AB High Income Fund - Advisor Class | &nbsp;&nbsp;689033 | &nbsp;&nbsp;$4561396 |
| American High-Income Trust - Class F-2 | &nbsp;&nbsp;496090 | &nbsp;&nbsp;4539221 |
| BlackRock High Yield Bond Fund - Institutional Class | &nbsp;&nbsp;4 | &nbsp;&nbsp;24 |
| BrandywineGLOBAL High Yield Fund - Class IS | &nbsp;&nbsp;192508 | &nbsp;&nbsp;1838453 |
| Federated Hermes Institutional High Yield Bond Fund - Institutional Class | &nbsp;&nbsp;2 | &nbsp;&nbsp;13 |
| Fidelity Capital & Income Fund | &nbsp;&nbsp;485209 | &nbsp;&nbsp;4507589 |
| Janus Henderson High-Yield Fund - Class N | &nbsp;&nbsp;419200 | &nbsp;&nbsp;2926016 |
| Lord Abbett High Yield Fund - Class I | &nbsp;&nbsp;716999 | &nbsp;&nbsp;4466901 |
| MFS High Income Fund - Institutional Class | &nbsp;&nbsp;4 | &nbsp;&nbsp;11 |
| Neuberger Berman High Income Bond Fund - Institutional Class | &nbsp;&nbsp;2 | &nbsp;&nbsp;14 |
| Osterweis Strategic Income Fund - Class I | &nbsp;&nbsp;446385 | &nbsp;&nbsp;4664719 |
| PGIM High Yield Fund - Class Z | &nbsp;&nbsp;4 | &nbsp;&nbsp;19 |
| PIMCO High Yield Spectrum Fund - Institutional Class | &nbsp;&nbsp;2 | &nbsp;&nbsp;14 |
| TIAA-CREF High-Yield Fund - Institutional Class | &nbsp;&nbsp;2 | &nbsp;&nbsp;13 |
| Transamerica High Yield Bond - Class I | &nbsp;&nbsp;2 | &nbsp;&nbsp;13 |
| Vanguard High-Yield Corporate Fund - Admiral Shares | &nbsp;&nbsp;843391 | &nbsp;&nbsp;4385631 |
| **TOTAL OPEN-END FUNDS** (Cost $31,543,013) | **TOTAL OPEN-END FUNDS** (Cost $31,543,013) | &nbsp;&nbsp;$31890047 |

---

---

| | | |
|:---|:---|:---|
| **WSTCM CREDIT SELECT RISK-MANAGED FUND** | **WSTCM CREDIT SELECT RISK-MANAGED FUND** | **WSTCM CREDIT SELECT RISK-MANAGED FUND** |
| **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** | **SCHEDULE OF INVESTMENTS (Continued)** |
| **MONEY MARKET FUNDS - 24.2%** | **Shares** | **Value** |
| Fidelity Institutional Money Market Government Portfolio - Class I, 3.56% <sup>(a)</sup> | &nbsp;&nbsp;11374770 | &nbsp;&nbsp;$11374770 |
| First American Treasury Obligations Fund - Class Z, 3.71% <sup>(a)</sup> | &nbsp;&nbsp;11040091 | &nbsp;&nbsp;11040091 |
| Invesco Short-Term Investments Trust - Treasury Portfolio - Institutional Class, 3.76% <sup>(a)</sup> | &nbsp;&nbsp;11039960 | &nbsp;&nbsp;11039960 |
| **TOTAL MONEY MARKET FUNDS** (Cost $33,454,821) | **TOTAL MONEY MARKET FUNDS** (Cost $33,454,821) | &nbsp;&nbsp;$33454821 |
| **TOTAL INVESTMENTS AT VALUE - 113.9%** (Cost $156,117,261) | **TOTAL INVESTMENTS AT VALUE - 113.9%** (Cost $156,117,261) | &nbsp;&nbsp;$157775329 |
| **LIABILITIES IN EXCESS OF OTHER ASSETS - (13.9%)** | **LIABILITIES IN EXCESS OF OTHER ASSETS - (13.9%)** | &nbsp;&nbsp; (19288011) |
| **NET ASSETS - 100.0%** | **NET ASSETS - 100.0%** | &nbsp;&nbsp;$138487318 |

---

<sup>(a)</sup> The rate shown is the 7-day effective yield as of November 30, 2022.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** WST Investment Trust

- **b. Investment Company Act file number:** 811-22858

- **c. CIK number of Registrant:** 0001580350

- **d. LEI of Registrant:** 5493008KBT48NVDX2Z80

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

  - **Street Address 1:** 150 West Main Street

  - **City:** Norfolk

  - **State:** VA

  - **Foreign country:** US

  - **Zip / Postal Code:** 23510

  - **Telephone number:** 866-515-4626

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

- **a. Name of Series:** WSTCM CREDIT SELECT RISK-MANAGED FUND

- **b. EDGAR series identifier (if any):** S000046497

- **c. LEI of Series:** 549300DWQZE7IG89UV73

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $158107853.84

**Total Liabilities:** $19620536.01

**Net Assets:** $138487317.83

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000145191 | -0.56%               | 0.00%                | 1.16%                |
| Class ID C000145190 | -0.54%               | 0.00%                | 1.26%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-1452747.62             | $493546.40                                 |
| Month 2  | $0.00                    | $-133464.99                                |
| Month 3  | $-628012.47              | $1940237.17                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Prudential Investment Portfolios Inc. 15 | PGIM HIGH YIELD FUND CLASS Z                               | CUSIP: 74440Y801<br>LEI: 5493004GW6X6EIMPJD18 | Long             | EC               | RF                | US        |         4 | NS      | $18.96        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Short-Term Invts T                       | Invesco Short-Term Investments Trust Treasury Portfolio    | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |  11039960 | NS      | $11039960.46  | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| VanEck ETF Trust                         | VANECK VECTORS FALLEN ANGEL HIGH YIELD BOND ETF            | CUSIP: 92189F437<br>LEI: 549300ZLFKNTXC51ZN76 | Long             | EC               | RF                | US        |    646583 | NS      | $17768100.84  | 12.83%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Fixed Income Securities Funds   | VANGUARD HIGH-YIELD CORPORATE FUND ADMIRAL CLASS           | CUSIP: 922031760<br>LEI: 549300F3N7VQKU6I4K64 | Long             | EC               | RF                | US        |    843391 | NS      | $4385630.67   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Series Tst Iii                       | MFS HIGH INCOME FUND CLASS I                               | CUSIP: 552984601<br>LEI: 549300V6TTODTL97GD50 | Long             | EC               | RF                | US        |         4 | NS      | $11.20        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Lord Abbett High                         | LORD ABBETT HIGH YIELD FUND                                | CUSIP: 54400N409<br>LEI: N/A                  | Long             | EC               | RF                | US        |    716999 | NS      | $4466901.13   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Funds V                        | BLACKROCK HIGH YIELD BOND PORTFOLIO INSTITUTIONAL CLASS    | CUSIP: 09260B630<br>LEI: 54930077DSFQPJDWM487 | Long             | EC               | RF                | US        |         4 | NS      | $24.13        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                            | iShares 0-5 Year High Yield Corporate Bond ETF Bond Etf    | CUSIP: 46434V407<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    386529 | NS      | $16164642.78  | 11.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Federated Herms Instl Tr                 | Federated Hermes Instituional High Yield Bond Fund         | CUSIP: 31420B300<br>LEI: R05X5UQ874RGFF7HHD84 | Long             | EC               | RF                | US        |         2 | NS      | $12.87        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Tiaa Cref Mutual Funds                   | TIAA CREF INSTITUATIONAL HIGH YIELD II                     | CUSIP: 886315795<br>LEI: N/A                  | Long             | EC               | RF                | US        |         2 | NS      | $13.42        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                        | SPDR BLOOMBERG BARCLAYS SHORT TERM HIGH YIELD BOND  ETF    | CUSIP: 78468R408<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    651124 | NS      | $16167408.92  | 11.67%            |  |  |  | No            |                  1 | On Loan: No      |
| Janus Investment Fund                    | Janus Henderson High Yield Fund                            | CUSIP: 47103D850<br>LEI: W6UYDZFUOFJ4HQQ32382 | Long             | EC               | RF                | US        |    419200 | NS      | $2926016.06   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Legg Mason Partners Equity Tst           | Brandywine Global High Yield Fund                          | CUSIP: 52472T718<br>LEI: 5493006N9MF7V29DK342 | Long             | EC               | RF                | US        |    192508 | NS      | $1838452.73   | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| FIRST AMERN FDS INC                      | First American Treasury Obligations Fund Class Z           | CUSIP: 31846V542<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |  11040091 | NS      | $11040091.06  | 7.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Profesionally Managed Portfolios         | Osterweis Strategic Income Fund Class I                    | CUSIP: 742935489<br>LEI: 254900BPISCYGRJD2727 | Long             | EC               | RF                | US        |    446385 | NS      | $4664719.23   | 3.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger Berman Income Funds New        | NEUBERGER BERMAN HIGH INCOME BOND FUND INSTITUTIONAL CLASS | CUSIP: 64128K868<br>LEI: N/A                  | Long             | EC               | RF                | US        |         2 | NS      | $13.96        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Spdr Series Trust                        | SPDR BLOOMBERG BARCLAYS HIGH YIELD BOND ETF                | CUSIP: 78468R622<br>LEI: 5493004JVD6CQEEJSS37 | Long             | EC               | RF                | US        |    264230 | NS      | $24528470.90  | 17.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Ishares Trust                            | iShares Fallen Angels ETF USD Bond ETF                     | CUSIP: 46435G474<br>LEI: 5493000860OXIC4B5K91 | Long             | EC               | RF                | US        |    712929 | NS      | $17801837.13  | 12.85%            |  |  |  | No            |                  1 | On Loan: No      |
| Ab High Income Fund Inc                  | AB HIGH INCOME FUND                                        | CUSIP: 01859M408<br>LEI: 2NEZ4DLQSXZQH9D3RU96 | Long             | EC               | RF                | US        |    689033 | NS      | $4561395.79   | 3.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Transamerica Funds                       | TRANSAMERICA HIGH YIELD BOND FUND INSTITUTIONAL CLASS      | CUSIP: 893962159<br>LEI: 54930088ZHZE1VMYEY52 | Long             | EC               | RF                | US        |         2 | NS      | $12.88        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Institutional Cash Portfolios   | Fidelity Institutional Money Market Government Por Tfolio  | CUSIP: 316175108<br>LEI: 549300SHPEJB1OPRCV46 | Long             | STIV             | RF                | US        |  11374770 | NS      | $11374769.88  | 8.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Capital & Income Fund           | FIDELITY CAPITAL & INCOME                                  | CUSIP: 316062108<br>LEI: 549300478VTUOFTSUU57 | Long             | EC               | RF                | US        |    485209 | NS      | $4507589.03   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Pimco Fds                                | PIMCO HIGH YIELD SPECTRUM  INSTITUTIONAL CLASS             | CUSIP: 72201W204<br>LEI: FRE2ROMRMC2BDS43QJ31 | Long             | EC               | RF                | US        |         2 | NS      | $14.33        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| American High Income Trust               | AMERICAN HIGH-INCOME TRUST FUND CLASS F2                   | CUSIP: 026547828<br>LEI: WRWMC5QCF7WNXYIQUK76 | Long             | EC               | RF                | US        |    496090 | NS      | $4539221.02   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** WST Investment Trust

**Signature:** WST Investment Trust

**Name of Signer:** Brian Johnston

**Title:** Senior Manager, Fund Accounting