# EDGAR Filing Document

**Accession Number:** 0001936157
**File Stem:** 0001936157-26-000274
**Filing Date:** 2026-5
**Character Count:** 21185
**Document Hash:** 56c1b0b5d3d770a10a528a98525cc25e
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001936157-26-000274.hdr.sgml**: 20260528

**ACCESSION NUMBER**: 0001936157-26-000274

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260528

**DATE AS OF CHANGE**: 20260528

**PERIOD START**: 20260930

**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:** 261029321

**BUSINESS ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO
- **BUSINESS PHONE:** 7202128740

**MAIL ADDRESS:**
- **STREET 1:** 1700 BROADWAY
- **STREET 2:** SUITE 2100
- **CITY:** DENVER
- **STATE:** CO

**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 | CEFZ            |

## 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 2100

  - **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:** 2026-09-30

- **b. Date as of which information is reported:** 2026-03-31

**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:** $37071212.45

**Total Liabilities:** $28925.30

**Net Assets:** $37042287.15

**Cash Not Reported:** $477.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000262008 | 2.08%                | -0.26%               | -3.08%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $537051.05               | $115080.60                                 |
| Month 2  | $190718.49               | $-474265.40                                |
| Month 3  | $-92611.38               | $-1400793.19                               |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPX

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Liberty All Star Growth Fund I | Liberty All Star Growth Fund I                  | CUSIP: 529900102<br>LEI: 54930046Y8IF3CB2AL60 | Long             | EC               | RF                | US        |     14292 | NS      | $67887.00     | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen Real Estate Income Fund | Nuveen Real Estate Income Fund                  | CUSIP: 67071B108<br>LEI: LXJVVL0330BRT3R7PH61 | Long             | EC               | RF                | US        |     14906 | NS      | $111198.76    | 0.30%             |  |  |  | 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        |     33934 | NS      | $459127.02    | 1.24%             |  |  |  | No            |                  1 | On Loan: No      |
| abrdn Emerging Markets ex Chin | abrdn Emerging Markets ex China                 | CUSIP: 00301W105<br>LEI: 549300MSYUW07RYUZD27 | Long             | EC               | RF                | US        |     82992 | NS      | $605011.68    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Calamos Strategic Total Return | Calamos Strategic Total Return                  | CUSIP: 128125101<br>LEI: 54930048NQ2YBS3TXW78 | Long             | EC               | RF                | US        |     33304 | NS      | $570164.48    | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Western Asset Inflation-Linked | Western Asset Inflation-Linked Opp & Income     | CUSIP: 95766R104<br>LEI: 549300Z3DNF4FJBJ4A87 | Long             | EC               | RF                | US        |    190656 | NS      | $1612949.76   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Oaktree Specialty Lending Corp | Oaktree Specialty Lending Corp                  | CUSIP: 67401P405<br>LEI: 549300J6MGCEU5928620 | Long             | EC               | CORP              | US        |     29133 | NS      | $329202.90    | 0.89%             |  |  |  | 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        |   3421626 | NS      | $3421625.95   | 9.24%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Multi-Sector Income  | BlackRock Multi-Sector Income                   | CUSIP: 09258A107<br>LEI: 549300BOVTR6GS7HLC41 | Long             | EC               | RF                | US        |     23174 | NS      | $290138.48    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Cohen & Steers Infrastructure  | Cohen & Steers Infrastructure                   | CUSIP: 19248A109<br>LEI: T085JMDV2CFIPONRA870 | Long             | EC               | RF                | US        |     22933 | NS      | $593506.04    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Liberty All-Star Equity Fund   | Liberty All-Star Equity Fund                    | CUSIP: 530158104<br>LEI: 549300DLV755RNHI1N92 | Long             | EC               | RF                | US        |    125376 | NS      | $695836.80    | 1.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PIMCO Income Strategy Fund II  | PIMCO Income Strategy Fund II                   | CUSIP: 72201J104<br>LEI: RS8VXHJKKVE627NLC573 | Long             | EC               | RF                | US        |     48268 | NS      | $332566.52    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Credit Opportunities Corp   | FS Credit Opportunities Corp                    | CUSIP: 30290Y101<br>LEI: 549300XFGO8P7BHG1O49 | Long             | EC               | RF                | US        |     90997 | NS      | $464084.70    | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Opportunities Fu | Clough Global Opportunities Fund                | CUSIP: 18914E106<br>LEI: 549300DTG68UBCNCPY15 | Long             | EC               | RF                | US        |    198805 | NS      | $1107343.85   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| FS Specialty Lending Fund      | FS Specialty Lending Fund                       | CUSIP: 644323107<br>LEI: 54930004XHN0QROEGZ58 | Long             | EC               | RF                | US        |     67304 | NS      | $841973.04    | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Technology Finance Co | Blue Owl Technology Finance Corp                | CUSIP: 095924106<br>LEI: 254900G5EZJSOD3UKL16 | Long             | EC               | CORP              | US        |     39713 | NS      | $492044.07    | 1.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Pershing Square Holdings Ltd/F | Pershing Square Holdings Ltd                    | CUSIP: N/A<br>LEI: U7LC4KOKCTZ0YWGI2G56       | Long             | EC               | RF                | GG        |     61368 | NS      | $3197272.80   | 8.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackstone Senior Floating Rat | Blackstone Senior Floating Rate 2027            | CUSIP: 09256U105<br>LEI: 549300PXYPBYRHU59R03 | Long             | EC               | RF                | US        |     77909 | NS      | $1008921.55   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Nuveen S&P 500 Dynamic Overwri | Nuveen S&P 500 Dynamic Overwrite                | CUSIP: 6706EW100<br>LEI: 549300OISXORNCZINQ77 | Long             | EC               | RF                | US        |     11381 | NS      | $182898.87    | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger High Yield Strategie | Neuberger High Yield Strategies Rights          | CUSIP: 64128C130<br>LEI: 549300N1F0D8SFREMM17 | Long             | EC               | CORP              | US        |         3 | NC      | $0.02         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Carlyle Secured Lending Inc    | Carlyle Secured Lending Inc                     | CUSIP: 872280102<br>LEI: 5493003POT0JT6WD1D83 | Long             | EC               | CORP              | US        |     32883 | NS      | $359740.02    | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Neuberger High Yield Strategie | NEUBERGER HIGH YIELD STRATEGIES                 | CUSIP: 64128C106<br>LEI: 549300N1F0D8SFREMM17 | Long             | EC               | RF                | US        |         3 | NS      | $19.44        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| MFS Government Markets Income  | MFS Government Markets Income                   | CUSIP: 552939100<br>LEI: JW62H2NF5KGMYLA2ZL41 | Long             | EC               | RF                | US        |     60618 | NS      | $178216.92    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Palmer Square Capital BDC Inc  | Palmer Square Capital BDC Inc                   | CUSIP: 69702V107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     19228 | NS      | $187857.56    | 0.51%             |  |  |  | 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        |     84876 | NS      | $1151767.32   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Special Opportunities Fund Inc | Special Opportunities Fund Inc                  | CUSIP: 84741T104<br>LEI: 549300DGAJTGM6R4HK03 | Long             | EC               | RF                | US        |     16208 | NS      | $223022.08    | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco RAFI Emerging Markets  | Invesco RAFI Emerging Markets                   | CUSIP: 46138E727<br>LEI: 5493003H1JIGI1UCJV78 | Long             | EC               | RF                | US        |     58576 | NS      | $1576280.16   | 4.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Clough Global Equity Fund      | Clough Global Equity Fund                       | CUSIP: 18914C100<br>LEI: 549300SI1THLT6A9J147 | Long             | EC               | RF                | US        |    202986 | NS      | $1528484.58   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| FS KKR Capital Corp            | FS KKR Capital Corp                             | CUSIP: 302635206<br>LEI: 549300TYRSI1T21B1360 | Long             | EC               | CORP              | US        |     45999 | NS      | $468269.82    | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportun | Saba Capital Income & Opportunities             | CUSIP: 78518H202<br>LEI: 549300MGSUUJ7E55N746 | Long             | EC               | RF                | US        |     55892 | NS      | $376712.08    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Blue Owl Capital Corp          | Blue Owl Capital Corp                           | CUSIP: 69121K104<br>LEI: 2549000BD79OOCPF2L94 | Long             | EC               | CORP              | US        |     34248 | NS      | $378782.88    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Corporate High Yield | BlackRock Corporate High Yield                  | CUSIP: 09255P107<br>LEI: 97ZR60BLU36N5VJMH054 | Long             | EC               | RF                | US        |    135896 | NS      | $1157833.92   | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Eagle Point Income Co Inc      | Eagle Point Income Co Inc                       | CUSIP: 269817102<br>LEI: 549300P8ZFJDPIJWXX37 | Long             | EC               | RF                | US        |     19011 | NS      | $179463.84    | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Howard Hughes Holdings Inc     | Howard Hughes Holdings Inc                      | CUSIP: 44267T102<br>LEI: 254900TY494BHXIU6M60 | Long             | EC               | CORP              | US        |     14204 | NS      | $898545.04    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley                 | TRS                                             | CUSIP: N/A<br>LEI: IGJSJL3JD5P30I6NJZ34       | N/A              | DE               | CORP              | US        |         1 | NC      | $7.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| XAI Octagon Floating Rate Alte | XAI Octagon Floating Rate Alternative Income    | CUSIP: 98400T304<br>LEI: 549300XT617P63BLW552 | Long             | EC               | RF                | US        |      6691 | NS      | $114951.38    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Technology and Priva | BlackRock Technology and Priva                  | CUSIP: 09260Q108<br>LEI: 549300G3XFQ7175KM723 | Long             | EC               | RF                | US        |     29708 | NS      | $196072.80    | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Science and Technolo | BlackRock Science and Technology                | CUSIP: 09260K101<br>LEI: 549300NQ3IL1NKVC9M67 | Long             | EC               | RF                | US        |     59839 | NS      | $1325433.85   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Kayne Anderson Energy Infrastr | Kayne Anderson Energy Infrastr                  | CUSIP: 486606106<br>LEI: 549300H9ZCLGQEKXQY57 | Long             | EC               | RF                | US        |     60973 | NS      | $870694.44    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Gabelli Equity Trust Inc/The   | Gabelli Equity Trust Inc/The - Rights           | CUSIP: 362397226<br>LEI: 54930036JZVAIXXFZV64 | Long             | EC               | CORP              | US        |       100 | NC      | $0.70         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Micro-Cap Trust Inc      | Royce Micro-Cap Trust Inc                       | CUSIP: 780915104<br>LEI: 254900D3WFIV4SD8EF19 | Long             | EC               | RF                | US        |    106443 | NS      | $1203870.33   | 3.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Total Return Securities Fund   | Total Return Securities Fund                    | CUSIP: 870875101<br>LEI: 549300HQZ0XPGTS5Q724 | Long             | EC               | RF                | US        |     10749 | NS      | $63741.57     | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Ares Management Corp           | Ares Management Corp                            | CUSIP: 03990B101<br>LEI: 529900JUV61FH7B8VW38 | Long             | EC               | CORP              | US        |      1782 | NS      | $194416.20    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Morgan Stanley Direct Lending  | Morgan Stanley Direct Lending                   | CUSIP: 61774A103<br>LEI: 549300QEX22T2J8IB029 | Long             | EC               | CORP              | US        |     25985 | NS      | $362750.60    | 0.98%             |  |  |  | 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        |     65090 | NS      | $385332.80    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Royce Small-Cap Trust Inc      | Royce Small-Cap Trust Inc                       | CUSIP: 780910105<br>LEI: 254900NJE1W1YYKNVM16 | Long             | EC               | RF                | US        |     74571 | NS      | $1237878.60   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares 10+ Year Investment Gr | iShares 10+ Year Investment Grade               | CUSIP: 464289511<br>LEI: 5493002XJCHL78PKW767 | Long             | EC               | RF                | US        |      3799 | NS      | $188544.37    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Flexible Income Active | iShares Flexible Income Active                  | CUSIP: 092528603<br>LEI: 5299008ELWKMLX9XJP73 | Long             | EC               | RF                | US        |     47424 | NS      | $2462728.32   | 6.65%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock MuniYield New York Q | BlackRock MuniYield New York Quality            | CUSIP: 09255E102<br>LEI: 158AYFGDRFUGVL3TD012 | Long             | EC               | RF                | US        |     41593 | NS      | $399292.80    | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Saba Capital Income & Opportun | Saba Capital Income & Opportunity Fund II       | CUSIP: 880198205<br>LEI: QU1AAXOSV5K4OVMXJP19 | Long             | EC               | RF                | US        |    224709 | NS      | $1869578.88   | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Flaherty & Crumrine Preferred  | Flaherty & Crumrine Preferred and Income Opp    | CUSIP: 33848E106<br>LEI: 2549008Y9TGWYEWYW496 | Long             | EC               | RF                | US        |     21043 | NS      | $190228.72    | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Health Sciences Term | BlackRock Health Sciences Term                  | CUSIP: 09260E105<br>LEI: 549300FGMK4EGHSK8N86 | Long             | EC               | RF                | US        |     59196 | NS      | $850054.56    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| NXG NextGen Infrastructure Inc | NXG NextGen Infrastructure Inc                  | CUSIP: 231647207<br>LEI: 549300MVVZW681ZGYD76 | Long             | EC               | CORP              | US        |         3 | NS      | $164.79       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-30

**Name of Applicant:** Elevation Series Trust

**Signature:** Nick Austin

**Name of Signer:** Nick Austin

**Title:** Treasurer