# EDGAR Filing Document

**Accession Number:** 0001965985
**File Stem:** 0001752724-25-156091
**Filing Date:** 2025-6
**Character Count:** 24188
**Document Hash:** 2958b0d3c3d34544802ac207cb7ff0c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-156091.hdr.sgml**: 20250625

**ACCESSION NUMBER**: 0001752724-25-156091

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250430

**FILED AS OF DATE**: 20250625

**DATE AS OF CHANGE**: 20250625

**PERIOD START**: 20250430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Polen Credit Opportunities Fund
- **CENTRAL INDEX KEY:** 0001965985

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0430

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23860
- **FILM NUMBER:** 251073161

**BUSINESS ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809
- **BUSINESS PHONE:** 856-528-3500

**MAIL ADDRESS:**
- **STREET 1:** 103 BELLEVUE PARKWAY
- **CITY:** WILMINGTON
- **STATE:** DE
- **ZIP:** 19809

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Polen Credit Opportunities Fund

- **b. Investment Company Act file number:** 811-23860

- **c. CIK number of Registrant:** 0001965985

- **d. LEI of Registrant:** 5493000LTXEFG2UB7P54

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

  - **Street Address 1:** 103 Bellevue Parkway

  - **City:** Wilmington

  - **State:** DE

  - **Foreign country:** US

  - **Zip / Postal Code:** 19809

  - **Telephone number:** 856-528-3500

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

- **a. Name of Series:** Polen Credit Opportunities Fund

- **c. LEI of Series:** 5493000LTXEFG2UB7P54

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

- **a. Date of fiscal year-end:** 2025-04-30

- **b. Date as of which information is reported:** 2025-04-30

**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:** $41984352.49

**Total Liabilities:** $1832425.75

**Net Assets:** $40151926.74

**Cash Not Reported:** $4095090.92

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 0.00000000 | **1-Year:** 0.00000000 | **5-Year:** 0.00000000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

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

- **3-Month:** 0.00000000 | **1-Year:** 4229.77300000 | **5-Year:** 3605.68393000 | **10-Year:** 0.00000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000000000 | 0.11%                | -1.57%               | -1.82%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-256953.87                                |
| Month 2  | $16382.24                | $-950292.90                                |
| Month 3  | $-9562.08                | $-1023345.20                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OSCAR ACQUISITIONCO LLC                   | Oscar AcquisitionCo LLC / Oscar Finance Inc                        | CUSIP: 687785AB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1524000 | PA      | $1386908.84   | 3.45%             | 2030-04-15      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CVET Midco 2 LP                           | Covetrus Inc                                                       | CUSIP: 22304EAC0<br>LEI: 5493009S30DUFCF75V87 | Long             | LON              | CORP              | US        |   1651958 | PA      | $1549486.88   | 3.86%             | 2029-10-13      | Floating      | 9.30%                 | No            |                  2 | On Loan: No      |
| LaserShip Inc                             | LASERSHIP INC                                                      | CUSIP: 51809EAQ8<br>LEI: 254900NGHREGOQUFUT53 | Long             | LON              | CORP              | US        |    684208 | PA      | $120762.65    | 0.30%             | 2029-08-10      | Floating      | 6.06%                 | No            |                  2 | On Loan: No      |
| DORNOCH DEBT MERGER SUB                   | Dornoch Debt Merger Sub Inc                                        | CUSIP: 25830JAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2055000 | PA      | $1420164.26   | 3.54%             | 2029-10-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Utex                                      | Utex                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2718 | NS      | $164112.84    | 0.41%             |  |  |  | No            |                  3 | On Loan: No      |
| GRUBHUB HOLDINGS INC                      | GrubHub Holdings Inc                                               | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    650000 | PA      | $587358.92    | 1.46%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Asurion LLC                               | Asurion LLC                                                        | CUSIP: 04649VBA7<br>LEI: 549300KNQVXGIOXWK278 | Long             | LON              | CORP              | US        |   2056592 | PA      | $1882419.09   | 4.69%             | 2029-01-20      | Floating      | 9.69%                 | No            |                  2 | On Loan: No      |
| LABL Inc                                  | LABL Inc                                                           | CUSIP: 50168EAN2<br>LEI: 5493004FUZN8R6Y3VB98 | Long             | LON              | CORP              | US        |    564169 | PA      | $484857.95    | 1.21%             | 2028-10-29      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| NORTHWEST ACQ/DOMINION                    | Northwest Acquisitions ULC / Dominion Finco Inc                    | CUSIP: 66727WAA0<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |    402000 | PA      | $0.00         | 0.00%             | 2022-11-01      | Fixed         | 7.12%                 | No            |                  3 | On Loan: No      |
| Burgundy Diamond Mines Ltd                | Burgundy Diamond Mines Ltd                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | AU        |    242800 | NS      | $5598.92      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Sterling Entertainment Enterprises, LLC   | Sterling Entertainment Enterprises, LLC                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1182440 | PA      | $882336.73    | 2.20%             | 2026-04-10      | Floating      | 17.75%                | Yes           |                  3 | On Loan: No      |
| CENTURY ALUMINUM COMPANY                  | Century Aluminum Co                                                | CUSIP: 156431AN8<br>LEI: 549300U5ODNGEYWKSW73 | Long             | DBT              | CORP              | US        |    776000 | PA      | $780062.36    | 1.94%             | 2028-04-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Specialty Steel Holdings Inc              | Specialty Steel Holdings Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    990000 | PA      | $990000.00    | 2.47%             | 2026-11-15      | Floating      | 15.39%                | No            |                  3 | On Loan: No      |
| Arctic Canadian Diamond Company Ltd       | ARCTIC CANADIAN DIAMOND 2nd Lien T/L                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |     91506 | PA      | $82708.88     | 0.21%             | 2027-12-31      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| Utex                                      | Utex                                                               | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      2840 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| HUB INTERNATIONAL LTD                     | HUB International Ltd                                              | CUSIP: 44332PAJ0<br>LEI: 549300JQT6ATTUNS5E06 | Long             | DBT              | CORP              | US        |    860000 | PA      | $886432.14    | 2.21%             | 2032-01-31      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Altar Bidco Inc                           | Altar Bidco Inc                                                    | CUSIP: 02090CAB6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    730000 | PA      | $689543.40    | 1.72%             | 2030-02-01      | Floating      | 9.75%                 | No            |                  2 | On Loan: No      |
| Learning Care Group P/S                   | Learning Care Group P/S                                            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       397 | NS      | $733656.00    | 1.83%             |  |  |  | No            |                  3 | On Loan: No      |
| Engineered Machinery Holdings Inc         | Engineered Machinery Holdings Inc                                  | CUSIP: 26658NAN9<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    428099 | PA      | $419536.94    | 1.04%             | 2029-05-21      | Floating      | 11.06%                | No            |                  2 | On Loan: No      |
| SM Wellness Holdings Inc                  | SM WELLNESS HOLDINGS INC                                           | CUSIP: 78484HAF0<br>LEI: 5493001F8YQ9JHX94D59 | Long             | LON              | CORP              | US        |    500000 | PA      | $475000.00    | 1.18%             | 2029-04-16      | Floating      | 12.54%                | No            |                  2 | On Loan: No      |
| BAFFINLAND IRON CORP/LP                   | Baffinland Iron Mines Corp / Baffinland Iron Mines LP              | CUSIP: 056623AA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   3189000 | PA      | $2791836.20   | 6.95%             | 2026-07-15      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Learning Care Group Warrant               | Learning Care Group Warrant                                        | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       117 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Clear Channel Outdoor Holdings Inc        | CLEAR CHANNEL OUTDOOR HO                                           | CUSIP: 18452RAF2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    920000 | PA      | $890100.00    | 2.22%             | 2028-08-21      | Floating      | 8.44%                 | No            |                  2 | On Loan: No      |
| RLG Holdings LLC                          | RLG Holdings LLC                                                   | CUSIP: 74970AAB4<br>LEI: 254900Y6CDN3X5BPSO77 | Long             | LON              | CORP              | US        |    875476 | PA      | $776257.93    | 1.93%             | 2028-07-07      | Floating      | 8.69%                 | No            |                  2 | On Loan: No      |
| SPX FLOW INC                              | SPX FLOW Inc                                                       | CUSIP: 758071AA2<br>LEI: 5493003YXEKRBINIEM78 | Long             | DBT              | CORP              | US        |    830000 | PA      | $837201.08    | 2.09%             | 2030-04-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| ASSUREDPARTNERS INC                       | AssuredPartners Inc                                                | CUSIP: 04624VAC3<br>LEI: 549300HNDSDQWQ3L2P80 | Long             | DBT              | CORP              | US        |    610000 | PA      | $648309.83    | 1.61%             | 2032-02-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| MADISON IAQ LLC                           | Madison IAQ LLC                                                    | CUSIP: 55760LAB3<br>LEI: 549300IXDNBXNHUPBU73 | Long             | DBT              | CORP              | US        |   1473000 | PA      | $1394313.11   | 3.47%             | 2029-06-30      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| MajorDrive Holdings IV LLC                | MajorDrive Holdings IV LLC                                         | CUSIP: 56085UAB9<br>LEI: 25490044R1FR5N8FIT62 | Long             | LON              | CORP              | US        |    877231 | PA      | $812122.47    | 2.02%             | 2028-06-01      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                      | EYECARE PARTNERS LLC                                               | CUSIP: 30233PAR1<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |     60854 | PA      | $15213.56     | 0.04%             | 2028-11-30      | Floating      | 10.98%                | No            |                  2 | On Loan: No      |
| Engineered Machinery Holdings Inc         | Engineered Machinery Holdings Inc                                  | CUSIP: 26658NAQ2<br>LEI: 5493008AR0NPSLW8EW07 | Long             | LON              | CORP              | US        |    558175 | PA      | $547011.63    | 1.36%             | 2029-05-21      | Floating      | 10.56%                | No            |                  2 | On Loan: No      |
| Cloudera Inc                              | Cloudera Inc                                                       | CUSIP: 74339VAE8<br>LEI: 549300PGONC4JOI0RG62 | Long             | LON              | CORP              | US        |    740000 | PA      | $693135.80    | 1.73%             | 2029-10-08      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Aruba Investments Holdings LLC            | Aruba Investments Holdings LLC                                     | CUSIP: 04317JAF5<br>LEI: 254900GMIYFF4FZ0A357 | Long             | LON              | CORP              | US        |   1290000 | PA      | $1197765.00   | 2.98%             | 2028-11-24      | Floating      | 12.17%                | No            |                  2 | On Loan: No      |
| SCIH SALT HOLDINGS INC                    | SCIH Salt Holdings Inc                                             | CUSIP: 78433BAB4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1080000 | PA      | $1048956.73   | 2.61%             | 2029-05-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| FERTITTA ENTERTAINMENT                    | Fertitta Entertainment LLC / Fertitta Entertainment Finance Co Inc | CUSIP: 31556TAC3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1170000 | PA      | $1022816.69   | 2.55%             | 2030-01-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| ATD New Holdings Inc                      | ATD New Holdings Inc                                               | CUSIP: 04683P100<br>LEI: 5493001F45YR8KICVO87 | Long             | EC               | CORP              | US        |     10489 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Saothair T. Bailey Acquisition. LLC       | Saothair T. Bailey Acquisition. LLC                                | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    913256 | PA      | $913256.25    | 2.27%             | 2029-12-16      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |
| Polished Metals Limited Note              | Polished Metals Limited Note                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1153970 | PA      | $1153970.11   | 2.87%             | 2027-08-14      | Floating      | 14.43%                | No            |                  3 | On Loan: No      |
| RLG Holdings LLC                          | RLG HOLDINGS LLC                                                   | CUSIP: 74970AAF5<br>LEI: 254900Y6CDN3X5BPSO77 | Long             | LON              | CORP              | US        |    454443 | PA      | $299932.69    | 0.75%             | 2029-07-06      | Floating      | 11.94%                | No            |                  2 | On Loan: No      |
| ARCTIC CMN                                | ARCTIC CMN                                                         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       134 | NS      | $11524.00     | 0.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Specialty Steel Holdings Inc              | Specialty Steel Holdings Inc                                       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | US        |         6 | NS      | $813484.75    | 2.03%             |  |  |  | No            |                  3 | On Loan: No      |
| Auction.com LLC (f/k/a Ten-X LLC)         | TEN-X LLC                                                          | CUSIP: 05069PAJ0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    698763 | PA      | $632380.91    | 1.57%             | 2028-05-26      | Floating      | 10.25%                | No            |                  2 | On Loan: No      |
| EZCORP INC                                | EZCORP Inc                                                         | CUSIP: 302301AJ5<br>LEI: 5493003K6PG3ZQ7TUQ63 | Long             | DBT              | CORP              | US        |    200000 | PA      | $209337.60    | 0.52%             | 2032-04-01      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| Infinite Bidco LLC                        | Infinite Bidco LLC                                                 | CUSIP: 45674KAF2<br>LEI: 549300GLV0VRADA9LI65 | Long             | LON              | CORP              | US        |    474202 | PA      | $388252.79    | 0.97%             | 2029-03-02      | Floating      | 11.54%                | No            |                  2 | On Loan: No      |
| Nexus Buyer LLC                           | Nexus Buyer LLC                                                    | CUSIP: 65343UAE2<br>LEI: 254900PILSANV8WOOF24 | Long             | LON              | CORP              | US        |    652161 | PA      | $641837.63    | 1.60%             | 2029-11-05      | Floating      | 10.67%                | No            |                  2 | On Loan: No      |
| REAL HERO MERGER SUB 2                    | Real Hero Merger Sub 2 Inc                                         | CUSIP: 75602BAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1491000 | PA      | $1111934.72   | 2.77%             | 2029-02-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| EyeCare Partners LLC                      | EYECARE PARTNERS LLC                                               | CUSIP: 30233PAT7<br>LEI: 254900ZAACWK09RJ8W93 | Long             | LON              | CORP              | US        |    392748 | PA      | $302580.93    | 0.75%             | 2028-11-30      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| MH Sub I LLC                              | MH Sub I LLC                                                       | CUSIP: 55303BAD5<br>LEI: 2549005VFKP807SR8N49 | Long             | LON              | CORP              | US        |   1609974 | PA      | $1424827.07   | 3.55%             | 2029-02-23      | Floating      | 10.57%                | No            |                  2 | On Loan: No      |
| DG Investment Intermediate Holdings 2 Inc | DG Investment Intermediate Holdings 2 Inc                          | CUSIP: 23344MAF5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1000000 | PA      | $967500.00    | 2.41%             | 2029-03-30      | Floating      | 0.00%                 | No            |                  2 | On Loan: No      |
| SC GAMES HOLDIN/US FINCO                  | Scientific Games Holdings LP/Scientific Games US FinCo Inc         | CUSIP: 80874DAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $570969.30    | 1.42%             | 2030-03-01      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| Aveanna Healthcare LLC                    | Aveanna Healthcare LLC                                             | CUSIP: 05355JAD0<br>LEI: 5493006D6JRLPIY8YV18 | Long             | LON              | CORP              | US        |   1716122 | PA      | $1614578.71   | 4.02%             | 2029-12-10      | Floating      | 11.46%                | No            |                  2 | On Loan: No      |
| Saothair T. Bailey Acquisition. LLC DD    | Saothair T. Bailey Acquisition. LLC DD                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | LON              | CORP              | US        |    141000 | PA      | $141000.00    | 0.35%             | 2029-12-16      | Floating      | 0.01%                 | No            |                  3 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-24

**Name of Applicant:** Polen Credit Opportunities Fund

**Signature:** Christine S. Catanzaro

**Name of Signer:** Christine S. Catanzaro

**Title:** Treasurer and Chief Financial Officer