# EDGAR Filing Document

**Accession Number:** 0002015799
**File Stem:** 0001410368-25-002521
**Filing Date:** 2025-9
**Character Count:** 45780
**Document Hash:** 48fd076a5603b6cf3a15a696ef3e4321
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001410368-25-002521.hdr.sgml**: 20250910

**ACCESSION NUMBER**: 0001410368-25-002521

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250910

**DATE AS OF CHANGE**: 20250910

**PERIOD START**: 20250731

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Lincoln Funds Trust
- **CENTRAL INDEX KEY:** 0002015799

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23952
- **FILM NUMBER:** 251304728

**BUSINESS ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802
- **BUSINESS PHONE:** (484) 583-6302

**MAIL ADDRESS:**
- **STREET 1:** 1301 S. HARRISON STREET
- **CITY:** FORT WAYNE
- **STATE:** IN
- **ZIP:** 46802

## Series and Classes Contracts Data

### Lincoln Inflation Plus Fund (Series ID: S000085533)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000250823 | Class I      | LFTEX           |
| C000250824 | Class A      | LFTAX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Lincoln Funds Trust

- **b. Investment Company Act file number:** 811-23952

- **c. CIK number of Registrant:** 0002015799

- **d. LEI of Registrant:** 25490047JKRSM3ZCKX41

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

  - **Street Address 1:** 1301 S. Harrison Street

  - **City:** Fort Wayne

  - **State:** IN

  - **Foreign country:** US

  - **Zip / Postal Code:** 46802

  - **Telephone number:** 484-583-6302

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

- **a. Name of Series:** Lincoln Inflation Plus Fund

- **b. EDGAR series identifier (if any):** S000085533

- **c. LEI of Series:** 2549004QBLWWTIIO1B82

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

- **a. Date of fiscal year-end:** 2025-07-31

- **b. Date as of which information is reported:** 2025-07-31

**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:** $10575919.50

**Total Liabilities:** $203939.73

**Net Assets:** $10371979.77

**Amount of Assets Invested in Other Investment Companies:** $2365508.03

**Cash Not Reported:** $447149.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** -1.01000000 | **1-Year:** -21.97000000 | **5-Year:** -188.61000000 | **10-Year:** -316.76000000 | **30-Year:** -8.02000000

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

- **3-Month:** -0.27000000 | **1-Year:** -18.19000000 | **5-Year:** -64.88000000 | **10-Year:** -11.33000000 | **30-Year:** 0.00000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000250824 | -0.54%               | 2.18%                | -0.42%               |
| Class ID C000250823 | -0.51%               | 2.19%                | -0.40%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $27385.05                | $-56842.70                                 |
| Month 2  | $6880.73                 | $136077.11                                 |
| Month 3  | $4111.22                 | $-120963.82                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| INDONESIA GOVERNMENT                                | Indonesia Treasury Bond                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 1625000000 | PA      | $104800.77    | 1.01%             | 2035-06-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED MYR / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MY        |          1 | NC      | $-754.20      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                             | Hungary Government Bond                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   72500000 | PA      | $204367.11    | 1.97%             | 2035-10-24      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $2669.40      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                              | U.S. Treasury Bills                                        | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |    1170000 | PA      | $1163410.56   | 11.22%            | 2025-09-18      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    2000000 | PA      | $95996.82     | 0.93%             | 2034-11-23      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                              | SOYBEAN FUTURE NOV25                                       | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |          4 | NC      | $-10263.08    | -0.10%            |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD IDR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $184.55       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD ZAR                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1237.94      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED MXN / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | MX        |          1 | NC      | $5316.40      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $4042.60      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie F                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2900000 | PA      | $419791.64    | 4.05%             | 2035-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                  | PURCHASED USD / SOLD CAD                                   | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |          1 | NC      | $537.32       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                              | U.S. Treasury Bills                                        | CUSIP: 912797MG9<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     810000 | PA      | $809426.41    | 7.80%             | 2025-08-07      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED EUR / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |          1 | NC      | $1368.56      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED EUR / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | XX        |          1 | NC      | $-1724.57     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    7450000 | PA      | $324427.46    | 3.13%             | 2042-11-13      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1304.64      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Chicago Board of Trade                              | SOYBEAN OIL FUTR DEC25                                     | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |          7 | NC      | $27487.11     | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| ICE Futures U.S., Inc.                              | COFFEE 'C' FUTURE SEP25                                    | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |          1 | NC      | $-3959.52     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD MXN                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $273.42       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD ZAR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $635.73       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Agnico Eagle Mines Ltd                              | Agnico Eagle Mines Ltd                                     | CUSIP: 008474108<br>LEI: 254900BFJ2DOHPMEXN45 | Long             | EC               | CORP              | CA        |        260 | NS      | $32333.60     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Bloomberg All Commodity Strategy K-1 Free ETF | abrdn Bloomberg All Commodity Strategy K-1 Free ETF        | CUSIP: 003261104<br>LEI: 549300PWXO8WGDSMS419 | Long             | EC               | RF                | US        |      36700 | NS      | $757488.00    | 7.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED IDR / SOLD USD                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | ID        |          1 | NC      | $1375.41      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD MYR                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $564.21       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                | PURCHASED USD / SOLD ZAR                                   | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |          1 | NC      | $2469.47      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD MYR                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $679.39       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie F                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     630000 | PA      | $103102.61    | 0.99%             | 2029-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD IDR                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1750.38      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    3300000 | PA      | $159717.20    | 1.54%             | 2038-11-18      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD MXN                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $-15067.19    | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| EGYPT TREASURY BILL                                 | Egypt Treasury Bills                                       | CUSIP: 000000000<br>LEI: 529900GFIVH4086NMH82 | Long             | STIV             | NUSS              | EG        |    7100000 | PA      | $140103.53    | 1.35%             | 2025-09-23      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    5760000 | PA      | $251656.89    | 2.43%             | 2047-11-07      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-9724.04     | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                            | Asian Infrastructure Investment Bank/The                   | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   16700000 | PA      | $192552.22    | 1.86%             | 2034-10-23      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| Kinross Gold Corp                                   | Kinross Gold Corp                                          | CUSIP: 496902404<br>LEI: 254900O9KHF2A1ZXPT47 | Long             | EC               | CORP              | CA        |       1600 | NS      | $25600.00     | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD MYR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $244.26       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                  | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |          1 | NC      | $3573.60      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                              | U.S. Treasury Bills                                        | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     830000 | PA      | $823234.79    | 7.94%             | 2025-10-09      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED KRW / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | KR        |          1 | NC      | $-1807.89     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD IDR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $276.02       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| BNP Paribas SA                                      | PURCHASED USD / SOLD CLP                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $2575.13      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Endeavour Mining PLC                                | Endeavour Mining PLC                                       | CUSIP: 000000000<br>LEI: 529900NI5MXQ91GHXR07 | Long             | EC               | CORP              | GB        |       1123 | NS      | $33715.94     | 0.33%             |  |  |  | No            |                  1 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |    1350000 | PA      | $64988.21     | 0.63%             | 2033-05-26      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD INR                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $3120.34      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| PHILIPPINE GOVERNMENT                               | Philippine Government Bond                                 | CUSIP: 000000000<br>LEI: 529900RAHBALMYIJ3T08 | Long             | DBT              | NUSS              | PH        |    5890000 | PA      | $102312.01    | 0.99%             | 2035-04-28      | Fixed         | 6.38%                 | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                             | Hungary Government Bond                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   51000000 | PA      | $100363.20    | 0.97%             | 2034-06-22      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Newmont Corp                                        | Newmont Corp                                               | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |        570 | NS      | $35397.00     | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD HUF                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $2960.83      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $9.64         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Republic of South Africa                            | Republic of South Africa Government Bond                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2100000 | PA      | $109923.68    | 1.06%             | 2035-02-28      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED MXN / SOLD USD                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | MX        |          1 | NC      | $-668.37      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| Lloyds Bank Corporate Markets PLC                   | PURCHASED EUR / SOLD USD                                   | CUSIP: 000000000<br>LEI: 213800MBWEIJDM5CU638 | N/A              | DFE              |  | XX        |          1 | NC      | $2531.77      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| State Street Global Advisors                        | State Street Institutional US Government Money Market Fund | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        |       1889 | NS      | $1889.31      | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                              | CORN FUTURE SEP25                                          | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |         13 | NC      | $-16692.51    | -0.16%            |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                      | PURCHASED USD / SOLD ZAR                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $1355.76      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED BRL / SOLD USD                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |          1 | NC      | $-136.06      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| ICE Futures U.S., Inc.                              | SUGAR 11 (WORLD) OCT25                                     | CUSIP: 000000000<br>LEI: 5493004R83R1LVX2IL36 | N/A              | DCO              |  | US        |          8 | NC      | $-4147.76     | -0.04%            |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                         | MICRO COPPER SEP25                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         25 | NC      | $-38063.50    | -0.37%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Board of Trade                              | WHEAT FUTURE(CBT) SEP25                                    | CUSIP: 000000000<br>LEI: 549300EX04Q2QBFQTQ27 | N/A              | DCO              |  | US        |          6 | NC      | $-5569.62     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED IDR / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | ID        |          1 | NC      | $-756.23      | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                       | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |          1 | NC      | $2992.63      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Commodities Exchange Center                         | MICRO SILVER SEP25                                         | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |         12 | NC      | $1110.36      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Commodities Exchange Center                         | MICRO GOLD DEC25                                           | CUSIP: 000000000<br>LEI: N/A                  | N/A              | DCO              |  | US        |          8 | NC      | $-5349.93     | -0.05%            |  |  |  | No            |                  1 | On Loan: No      |
| Coeur Mining Inc                                    | Coeur Mining Inc                                           | CUSIP: 192108504<br>LEI: 5493003AVK173D48DR70 | Long             | EC               | CORP              | US        |       2800 | NS      | $24332.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD MXN                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $40.76        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TURKIYE GOVERNMENT BOND                             | Turkiye Government Bond                                    | CUSIP: 000000000<br>LEI: 5493000PCHOG3B6S3Q85 | Long             | DBT              | NUSS              | TR        |    4100000 | PA      | $92576.18     | 0.89%             | 2029-09-12      | Fixed         | 30.00%                | No            |                  2 | On Loan: No      |
| Alamos Gold Inc                                     | Alamos Gold Inc                                            | CUSIP: 011532108<br>LEI: 894500GIHFJZW7YS9660 | Long             | EC               | CORP              | CA        |       1100 | NS      | $26730.00     | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Imperial Bank of Commerce                  | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | US        |          1 | NC      | $2545.99      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD MXN                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $3352.16      | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD PHP                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1994.45      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| MEX BONOS DESARR FIX RT                             | Mexican Bonos                                              | CUSIP: 000000000<br>LEI: 254900EGTWEU67VP6075 | Long             | DBT              | NUSS              | MX        |     740000 | PA      | $37214.17     | 0.36%             | 2031-05-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED BRL / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | BR        |          1 | NC      | $-2736.97     | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie F                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |     700000 | PA      | $104756.92    | 1.01%             | 2033-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| HUNGARY GOVERNMENT BOND                             | Hungary Government Bond                                    | CUSIP: 000000000<br>LEI: 5299003F3UFKGCCMAP43 | Long             | DBT              | NUSS              | HU        |   51000000 | PA      | $105496.74    | 1.02%             | 2033-04-20      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                            | Republic of South Africa Government Bond                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    2200000 | PA      | $101236.43    | 0.98%             | 2044-01-31      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD BRL                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $-3815.84     | -0.04%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD INR                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $603.70       | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie B                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |      70000 | PA      | $51688.37     | 0.50%             | 2035-05-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| Royal Bank of Canada                                | PURCHASED USD / SOLD HUF                                   | CUSIP: 000000000<br>LEI: ES7IP3U3RHIGC71XBU11 | N/A              | DFE              |  | US        |          1 | NC      | $1766.76      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                             | European Bank for Reconstruction & Development             | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   11500000 | PA      | $133560.91    | 1.29%             | 2033-08-10      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| ASIAN INFRASTRUCTURE INV                            | Asian Infrastructure Investment Bank/The                   | CUSIP: 000000000<br>LEI: 25490065OSV2524LCR32 | Long             | DBT              | NUSS              | XX        |   20500000 | PA      | $224328.07    | 2.16%             | 2031-12-08      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NOTA DO TESOURO NACIONAL                            | Brazil Notas do Tesouro Nacional Serie F                   | CUSIP: 000000000<br>LEI: 254900ZFY40OYEADAP90 | Long             | DBT              | NUSS              | BR        |    2370000 | PA      | $368435.95    | 3.55%             | 2031-01-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED BRL / SOLD USD                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | BR        |          1 | NC      | $-2489.20     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $9003.01      | 0.09%             |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD INR                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $3715.70      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                | Indonesia Treasury Bond                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 1700000000 | PA      | $104594.17    | 1.01%             | 2035-07-15      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                 | Malaysia Government Bond                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     900000 | PA      | $217456.04    | 2.10%             | 2034-07-05      | Fixed         | 3.83%                 | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD KRW                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $1406.12      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED MXN / SOLD USD                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | MX        |          1 | NC      | $1536.69      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                       | PURCHASED USD / SOLD CAD                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |          1 | NC      | $411.56       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD CLP                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $481.37       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| New Gold Inc                                        | New Gold Inc                                               | CUSIP: 644535106<br>LEI: 5493005G0GNCHP0H6L96 | Long             | EC               | CORP              | CA        |       5800 | NS      | $24302.00     | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                      | PURCHASED USD / SOLD INR                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $2573.67      | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| EUROPEAN BK RECON & DEV                             | European Bank for Reconstruction & Development             | CUSIP: 000000000<br>LEI: 549300HTGDOVDU6OGK19 | Long             | DBT              | NUSS              | XX        |   20500000 | PA      | $232570.67    | 2.24%             | 2036-10-03      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SPDR Gold MiniShares Trust                          | SPDR Gold MiniShares Trust                                 | CUSIP: 98149E303<br>LEI: 5493002IEEMEY6LRJ932 | Long             | EC               | RF                | US        |       3240 | NS      | $211086.00    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| BNP Paribas SA                                      | PURCHASED USD / SOLD HUF                                   | CUSIP: 000000000<br>LEI: R0MUWSFPU8MPRO8K5P83 | N/A              | DFE              |  | US        |          1 | NC      | $-513.12      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | US        |          1 | NC      | $5400.30      | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| United States Treasury                              | U.S. Treasury Bills                                        | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     190000 | PA      | $188609.61    | 1.82%             | 2025-10-02      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| INDONESIA GOVERNMENT                                | Indonesia Treasury Bond                                    | CUSIP: 000000000<br>LEI: 529900FWX0GRR7WG5W79 | Long             | DBT              | NUSS              | ID        | 5076000000 | PA      | $309170.86    | 2.98%             | 2034-02-15      | Fixed         | 6.63%                 | No            |                  2 | On Loan: No      |
| United States Treasury                              | U.S. Treasury Bills                                        | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | STIV             | UST               | US        |     640000 | PA      | $637941.04    | 6.15%             | 2025-08-28      | None          | 0.00%                 | No            |                  2 | On Loan: No      |
| Pan American Silver Corp                            | Pan American Silver Corp                                   | CUSIP: 697900108<br>LEI: 549300MKTF5851TYIB83 | Long             | EC               | CORP              | CA        |       1190 | NS      | $32153.80     | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED CLP / SOLD USD                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | CL        |          1 | NC      | $-6444.43     | -0.06%            |  |  |  | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD IDR                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $1287.47      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| HSBC Bank PLC                                       | PURCHASED USD / SOLD EUR                                   | CUSIP: 000000000<br>LEI: MP6I5ZYZBEU3UXPYFY54 | N/A              | DFE              |  | US        |          1 | NC      | $439.47       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Canadian Imperial Bank of Commerce                  | PURCHASED EUR / SOLD USD                                   | CUSIP: 000000000<br>LEI: 2IGI19DL77OX0HC3ZE78 | N/A              | DFE              |  | XX        |          1 | NC      | $-455.26      | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Goldman Sachs International                         | PURCHASED USD / SOLD INR                                   | CUSIP: 000000000<br>LEI: W22LROWP2IHZNBB6K528 | N/A              | DFE              |  | US        |          1 | NC      | $3940.74      | 0.04%             |  |  |  | No            |                  2 | On Loan: No      |
| CIA DE MINAS BUENAVENTUR                            | Cia de Minas Buenaventura SAA                              | CUSIP: 204448AB0<br>LEI: 529900WQB1ZU9KB6EL71 | Long             | DBT              | CORP              | PE        |     230000 | PA      | $234910.50    | 2.26%             | 2032-02-04      | Fixed         | 6.80%                 | No            |                  2 | On Loan: No      |
| Equinox Gold Corp                                   | Equinox Gold Corp                                          | CUSIP: 29446Y502<br>LEI: 5493005IN4V1SNP9PN75 | Long             | EC               | CORP              | CA        |       4100 | NS      | $24974.02     | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley & Co. International PLC              | PURCHASED ZAR / SOLD USD                                   | CUSIP: 000000000<br>LEI: 4PQUHN3JPFGFNF3BB653 | N/A              | DFE              |  | ZA        |          1 | NC      | $1209.49      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| MALAYSIA GOVERNMENT                                 | Malaysia Government Bond                                   | CUSIP: 000000000<br>LEI: 254900GSIL471JOBYY43 | Long             | DBT              | NUSS              | MY        |     400000 | PA      | $96271.98     | 0.93%             | 2029-08-15      | Fixed         | 3.89%                 | No            |                  2 | On Loan: No      |
| Republic of South Africa                            | Republic of South Africa Government Bond                   | CUSIP: 000000000<br>LEI: 378900AAFB4F17004C49 | Long             | DBT              | NUSS              | ZA        |    5400000 | PA      | $262858.88    | 2.53%             | 2040-01-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| Barclays Bank PLC                                   | PURCHASED USD / SOLD MXN                                   | CUSIP: 000000000<br>LEI: G5GSEF7VJP5I7OUK5573 | N/A              | DFE              |  | US        |          1 | NC      | $-1773.36     | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-15

**Name of Applicant:** Lincoln Funds Trust

**Signature:** James Hoffmayer

**Name of Signer:** James Hoffmayer

**Title:** VP