# EDGAR Filing Document

**Accession Number:** 0001650149
**File Stem:** 0001145549-25-048788
**Filing Date:** 2025-7
**Character Count:** 32044
**Document Hash:** afedd775c65d2297eb961e3717bd0a37
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048788.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048788

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Series Portfolios Trust
- **CENTRAL INDEX KEY:** 0001650149

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1130

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23084
- **FILM NUMBER:** 251155289

**BUSINESS ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-765-6620

**MAIL ADDRESS:**
- **STREET 1:** 615 E. MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

## Series and Classes Contracts Data

### Infrastructure Capital Bond Income ETF (Series ID: S000089069)

| Class ID   | Class Name                             | Ticker Symbol   |
|:---|:---|:---|
| C000255546 | Infrastructure Capital Bond Income ETF | BNDS            |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

- **b. Investment Company Act file number:** 811-23084

- **c. CIK number of Registrant:** 0001650149

- **d. LEI of Registrant:** 5493008VNHP5UNYJ3713

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

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 414-765-6047

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

- **a. Name of Series:** Infrastructure Capital Bond Income ETF

- **b. EDGAR series identifier (if any):** S000089069

- **c. LEI of Series:** 529900K4UHH262OHK853

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

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**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:** $15976582.99

**Total Liabilities:** $212585.54

**Net Assets:** $15763997.45

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 703.005229000000 | **1-Year:** 0.000000000000 | **5-Year:** 0.000000000000 | **10-Year:** 2.650882000000 | **30-Year:** 1437.239280000000

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

- **3-Month:** 264.885014000000 | **1-Year:** 1314.512127000000 | **5-Year:** 576.536757000000 | **10-Year:** 121.393890000000 | **30-Year:** 195.905400000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000255546 | -1.98%               | -1.41%               | 1.72%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-256400.97                                |
| Month 2  | $1309.96                 | $-223624.33                                |
| Month 3  | $0.49                    | $150725.49                                 |

**Designated Index Information**

- **Index Name:** Fund's Securities Portfolio

- **Index Identifier:** NUPJ1MWEUJ

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| VITAL ENERGY INC               | Vital Energy Inc                                                                | CUSIP: 516806AJ5<br>LEI: 549300X0PTWU2QSLSL14 | Long             | DBT              | CORP              | US        |    208000 | PA      | $183037.79    | 1.16%             | 2030-10-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC       | Warnermedia Holdings Inc                                                        | CUSIP: 55903VBF9<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    582000 | PA      | $373936.37    | 2.37%             | 2062-03-15      | Fixed         | 5.39%                 | No            |                  2 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                                                              | CUSIP: 64828T508<br>LEI: 549300WNTHGEO5LP2G31 | Long             | EP               | CORP              | US        |      4922 | NS      | $119899.92    | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| RITHM CAPITAL CORP             | Rithm Capital Corp                                                              | CUSIP: 64828TAB8<br>LEI: 549300WNTHGEO5LP2G31 | Long             | DBT              | CORP              | US        |    220000 | PA      | $220727.54    | 1.40%             | 2029-04-01      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| ORGANON & CO/ORGANON FOR       | Organon & Co / Organon Foreign Debt Co-Issuer BV                                | CUSIP: 68622FAB7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    451000 | PA      | $389142.28    | 2.47%             | 2034-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co LLC / PBF Finance Corp                                           | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $193322.79    | 1.23%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| PPL CAPITAL FUNDING INC        | PPL Capital Funding Inc                                                         | CUSIP: 69352PAC7<br>LEI: 549300MROK5WY0D2NU17 | Long             | DBT              | CORP              | US        |    220000 | PA      | $218719.71    | 1.39%             | 2067-03-30      | Variable      | 7.23%                 | No            |                  2 | On Loan: No      |
| QWEST CORP                     | Qwest Corp                                                                      | CUSIP: 74913G873<br>LEI: 549300R2L4N683OO1509 | Long             | DBT              | CORP              | US        |     15454 | NS      | $288680.72    | 1.83%             | 2057-06-15      | Fixed         | 6.75%                 | No            |                  1 | On Loan: No      |
| REDWOOD TRUST INC              | Redwood Trust Inc                                                               | CUSIP: 758075873<br>LEI: DRBV4N1ERQLEMIF11G78 | Long             | DBT              | CORP              | US        |      5034 | NS      | $123333.00    | 0.78%             | 2029-09-01      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| SPDR Bloomberg High Yield Bond | SPDR Bloomberg High Yield Bond ETF                                              | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |      2650 | NS      | $254161.50    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp                    | CUSIP: 87470LAK7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    232000 | PA      | $221268.45    | 1.40%             | 2031-09-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TALOS PRODUCTION INC           | Talos Production Inc                                                            | CUSIP: 87485LAE4<br>LEI: 549300GZ2DZZE2Y8TX15 | Long             | DBT              | CORP              | US        |    217000 | PA      | $213493.52    | 1.35%             | 2031-02-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| TELEPHONE & DATA SYS           | Telephone and Data Systems Inc                                                  | CUSIP: 879433761<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      7540 | NS      | $133985.80    | 0.85%             |  |  |  | No            |                  1 | On Loan: No      |
| TRINITY CAPITAL INC/MD         | Trinity Capital Inc                                                             | CUSIP: 896442704<br>LEI: 549300YGT4SBRQYDVU48 | Long             | DBT              | CORP              | US        |      5032 | NS      | $127762.48    | 0.81%             | 2029-09-30      | Fixed         | 7.88%                 | No            |                  1 | On Loan: No      |
| TWO HARBORS INV CORP           | Two Harbors Investment Corp                                                     | CUSIP: 90187B200<br>LEI: 549300ZUIBT6KH4HU823 | Long             | EP               | CORP              | US        |      5415 | NS      | $123137.10    | 0.78%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITI GROUP/CSL CAPITAL        | Uniti Group LP / Uniti Group Finance 2019 Inc / CSL Capital LLC                 | CUSIP: 91327BAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    240000 | PA      | $226493.67    | 1.44%             | 2029-02-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| VALLEY NATIONAL BANCORP        | Valley National Bancorp                                                         | CUSIP: 919794305<br>LEI: 549300ET52S1UBIB9762 | Long             | EP               | CORP              | US        |      5567 | NS      | $139286.34    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PARAMOUNT GLOBAL               | Paramount Global                                                                | CUSIP: 92553PBC5<br>LEI: 5KYC8KF17ROCY24M3H09 | Long             | DBT              | CORP              | US        |    232000 | PA      | $219360.64    | 1.39%             | 2057-02-28      | Variable      | 6.25%                 | No            |                  2 | On Loan: No      |
| VICTORIA'S SECRET & CO         | Victoria's Secret & Co                                                          | CUSIP: 926400AA0<br>LEI: 5493006T3O70U3UWVF17 | Long             | DBT              | CORP              | US        |    357000 | PA      | $324258.99    | 2.06%             | 2029-07-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| VODAFONE GROUP PLC             | Vodafone Group PLC                                                              | CUSIP: 92857WBX7<br>LEI: 213800TB53ELEUKM7Q61 | Long             | DBT              | CORP              | GB        |    287000 | PA      | $212873.44    | 1.35%             | 2081-06-04      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| VORNADO REALTY TRUST           | Vornado Realty Trust                                                            | CUSIP: 929042844<br>LEI: N/A                  | Long             | EP               | CORP              | US        |      8200 | NS      | $146042.00    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| WORLD ACCEPTANCE CORP          | World Acceptance Corp                                                           | CUSIP: 981419AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220000 | PA      | $220137.59    | 1.40%             | 2026-11-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc                                                | CUSIP: 001228600<br>LEI: 549300SNP0PBR2XTFR48 | Long             | DBT              | CORP              | US        |      2512 | NS      | $63427.75     | 0.40%             | 2029-02-15      | Fixed         | 9.50%                 | No            |                  1 | On Loan: No      |
| AES CORP/THE                   | AES Corp/The                                                                    | CUSIP: 00130HCL7<br>LEI: 2NUNNB7D43COUIRE5295 | Long             | DBT              | CORP              | US        |    222000 | PA      | $211180.30    | 1.34%             | 2055-07-15      | Variable      | 6.95%                 | No            |                  2 | On Loan: No      |
| PEBBLEBROOK HOTEL TRUST        | Pebblebrook Hotel Trust                                                         | CUSIP: 70509V886<br>LEI: 5493004Q1NNH6JXCSI52 | Long             | EP               | CORP              | US        |      8750 | NS      | $138600.00    | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| PENNYMAC MTGE INVESTMENT       | PennyMac Mortgage Investment Trust                                              | CUSIP: 70931T509<br>LEI: 549300BSSOQO1ZWDUJ97 | Long             | EP               | CORP              | US        |      7546 | NS      | $142619.40    | 0.90%             |  |  |  | No            |                  1 | On Loan: No      |
| PITNEY BOWES INC               | Pitney Bowes Inc                                                                | CUSIP: 724479506<br>LEI: 549300N2O26NW4ST6W55 | Long             | DBT              | CORP              | US        |     12281 | NS      | $236532.06    | 1.50%             | 2043-03-07      | Fixed         | 6.70%                 | No            |                  1 | On Loan: No      |
| PLAINS ALL AMERICAN PIPE       | Plains All American Pipeline LP                                                 | CUSIP: 726503AE5<br>LEI: 5521FA2ITF25TVH63740 | Long             | DBT              | CORP              | US        |    562000 | PA      | $559581.32    | 3.55%             | 2025-06-30      | Variable      | 8.70%                 | No            |                  2 | On Loan: No      |
| CHEMOURS CO                    | Chemours Co/The                                                                 | CUSIP: 163851AJ7<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |    332000 | PA      | $289721.59    | 1.84%             | 2033-01-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| CHIMERA INVESTMENT CORP        | Chimera Investment Corp                                                         | CUSIP: 16934Q885<br>LEI: 2JBBQFJOL123LOUBE657 | Long             | DBT              | CORP              | US        |      5032 | NS      | $125372.28    | 0.80%             | 2029-05-15      | Fixed         | 9.00%                 | No            |                  1 | On Loan: No      |
| CIVITAS RESOURCES INC          | Civitas Resources Inc                                                           | CUSIP: 17888HAB9<br>LEI: IIVIHPH28S64K95M2381 | Long             | DBT              | CORP              | US        |    315000 | PA      | $308787.51    | 1.96%             | 2031-07-01      | Fixed         | 8.75%                 | No            |                  2 | On Loan: No      |
| COMPASS DIVERSIF HOLDING       | Compass Diversified Holdings                                                    | CUSIP: 20451Q401<br>LEI: 5299001SM1LBYANJRR58 | Long             | EP               | CORP              | US        |      5033 | NS      | $78011.50     | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| KOSMOS ENERGY LTD              | Kosmos Energy Ltd                                                               | CUSIP: 500688AD8<br>LEI: 213800YDFJ3OT9B5P157 | Long             | DBT              | CORP              | US        |     51000 | PA      | $41557.59     | 0.26%             | 2028-03-01      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC               | Land O' Lakes Inc                                                               | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |    556000 | PA      | $474004.79    | 3.01%             | 2027-04-04      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| LINCOLN NATIONAL CORP          | Lincoln National Corp                                                           | CUSIP: 534187AS8<br>LEI: EFQMQROEDSNBRIP7LE47 | Long             | DBT              | CORP              | US        |    512000 | PA      | $421128.72    | 2.67%             | 2066-05-17      | Variable      | 6.94%                 | No            |                  2 | On Loan: No      |
| MFA FINANCIAL INC              | MFA Financial Inc                                                               | CUSIP: 55272X706<br>LEI: YW72IMH2RRC8Z1TGLG58 | Long             | DBT              | CORP              | US        |     10422 | NS      | $257527.62    | 1.63%             | 2029-02-15      | Fixed         | 8.88%                 | No            |                  1 | On Loan: No      |
| AG MORTGAGE INVEST TR          | AG Mortgage Investment Trust Inc                                                | CUSIP: 001228709<br>LEI: 549300SNP0PBR2XTFR48 | Long             | DBT              | CORP              | US        |      2513 | NS      | $62699.35     | 0.40%             | 2029-05-15      | Fixed         | 9.50%                 | No            |                  1 | On Loan: No      |
| ALGONQUIN PWR & UTILITY        | Algonquin Power & Utilities Corp                                                | CUSIP: 015857AH8<br>LEI: 549300K5VIUTJXQL7X75 | Long             | DBT              | CORP              | CA        |    232000 | PA      | $222156.10    | 1.41%             | 2082-01-18      | Variable      | 4.75%                 | No            |                  2 | On Loan: No      |
| ANGEL OAK MORTGAGE REIT        | Angel Oak Mortgage REIT Inc                                                     | CUSIP: 03464Y207<br>LEI: 5493008M8D7W7VZZ7V36 | Long             | DBT              | CORP              | US        |      5033 | NS      | $125258.79    | 0.79%             | 2029-07-30      | Fixed         | 9.50%                 | No            |                  1 | On Loan: No      |
| BW REAL ESTATE INC             | BW Real Estate Inc                                                              | CUSIP: 05614HAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    369000 | PA      | $369928.40    | 2.35%             | 2030-03-30      | Variable      | 9.50%                 | No            |                  2 | On Loan: No      |
| BANC OF CALIFORNIA INC         | Banc of California Inc                                                          | CUSIP: 05990K841<br>LEI: 549300ZKWUJDP6LJ1X87 | Long             | EP               | CORP              | US        |      5905 | NS      | $146266.85    | 0.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CCO HLDGS LLC/CAP CORP         | CCO Holdings LLC / CCO Holdings Capital Corp                                    | CUSIP: 1248EPCQ4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    222000 | PA      | $205612.25    | 1.30%             | 2032-02-01      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CHARTER COMM OPT LLC/CAP       | Charter Communications Operating LLC / Charter Communications Operating Capital | CUSIP: 161175BC7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    426000 | PA      | $422796.04    | 2.68%             | 2055-10-23      | Fixed         | 6.83%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                                         | CUSIP: 197677AH0<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |    202000 | PA      | $212587.23    | 1.35%             | 2095-11-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| DELEK LOG PART/FINANCE         | Delek Logistics Partners LP / Delek Logistics Finance Corp                      | CUSIP: 24665FAD4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    210000 | PA      | $217680.12    | 1.38%             | 2029-03-15      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust                                                    | CUSIP: 25525P206<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12324 | NS      | $202853.04    | 1.29%             | 2042-08-01      | Fixed         | 5.62%                 | No            |                  1 | On Loan: No      |
| DIVERSIFIED HEALTHCARE T       | Diversified Healthcare Trust                                                    | CUSIP: 25525P305<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |     12217 | NS      | $205856.45    | 1.31%             | 2046-02-01      | Fixed         | 6.25%                 | No            |                  1 | On Loan: No      |
| ENERGY TRANSFER LP             | Energy Transfer LP                                                              | CUSIP: 29273V704<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EP               | CORP              | US        |     19525 | NS      | $224342.25    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                                        | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |        89 | NS      | $88.86        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |        89 | NS      | $88.87        | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co                                                                   | CUSIP: 345370BS8<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |    176000 | PA      | $177146.22    | 1.12%             | 2097-05-15      | Fixed         | 7.70%                 | No            |                  2 | On Loan: No      |
| FRANKLIN BSP REALTY TRST       | Franklin BSP Realty Trust Inc                                                   | CUSIP: 35243J200<br>LEI: 549300LH3QNZK9Y1KC93 | Long             | EP               | CORP              | US        |     12583 | NS      | $251660.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEDOM MORTGAGE CORP          | Freedom Mortgage Corp                                                           | CUSIP: 35640YAL1<br>LEI: 549300LYRWPSYPK6S325 | Long             | DBT              | CORP              | US        |    301000 | PA      | $332912.62    | 2.11%             | 2030-10-01      | Fixed         | 12.25%                | No            |                  2 | On Loan: No      |
| GARRETT MOTION HLD/SARL        | Garrett Motion Holdings Inc / Garrett LX I Sarl                                 | CUSIP: 366504AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $221640.23    | 1.41%             | 2032-05-31      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XCA2<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    227000 | PA      | $220521.87    | 1.40%             | 2027-09-30      | Variable      | 5.75%                 | No            |                  2 | On Loan: No      |
| GENESIS ENERGY LP/FIN          | Genesis Energy LP / Genesis Energy Finance Corp                                 | CUSIP: 37185LAQ5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    437000 | PA      | $442896.88    | 2.81%             | 2032-05-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GLOBAL NET LEASE INC           | Global Net Lease Inc                                                            | CUSIP: 379378508<br>LEI: 549300NUYANCT5SU8Z65 | Long             | EP               | CORP              | US        |     11749 | NS      | $261532.74    | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| HUDSON PACIFIC PROPERTIE       | Hudson Pacific Properties LP                                                    | CUSIP: 44409MAD8<br>LEI: 5493007NTUGLGZ8T3526 | Long             | DBT              | CORP              | US        |    330000 | PA      | $284131.71    | 1.80%             | 2028-02-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| CRESCENT ENERGY FINANCE        | Crescent Energy Finance LLC                                                     | CUSIP: 45344LAE3<br>LEI: 54930061FUL6DBLFUW14 | Long             | DBT              | CORP              | US        |    448000 | PA      | $416182.32    | 2.64%             | 2033-01-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Cor | iShares iBoxx $ High Yield Corporate Bond ETF                                   | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Long             | EC               | RF                | US        |      3183 | NS      | $253271.31    | 1.61%             |  |  |  | No            |                  1 | On Loan: No      |
| K HOVNANIAN ENTERPRISES        | K Hovnanian Enterprises Inc                                                     | CUSIP: 48251UAM0<br>LEI: 549300JJCQ0KAI7CJG32 | Long             | DBT              | CORP              | US        |    302000 | PA      | $325646.60    | 2.07%             | 2029-09-30      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION             | Kohl's Corp                                                                     | CUSIP: 500255AN4<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |    408000 | PA      | $240720.00    | 1.53%             | 2033-01-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| NRG ENERGY INC                 | NRG Energy Inc                                                                  | CUSIP: 629377CU4<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | DBT              | CORP              | US        |    197000 | PA      | $217032.73    | 1.38%             | 2028-03-15      | Variable      | 10.25%                | No            |                  2 | On Loan: No      |
| NAVIENT CORP                   | Navient Corp                                                                    | CUSIP: 63938C405<br>LEI: 54930067J0ZNOEBRW338 | Long             | DBT              | CORP              | US        |     15095 | NS      | $278200.85    | 1.76%             | 2043-12-15      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| NEW MOUNTAIN FINANCE COR       | New Mountain Finance Corp                                                       | CUSIP: 647551308<br>LEI: 549300L1MPTT1H7SES77 | Long             | DBT              | CORP              | US        |      5032 | NS      | $126806.40    | 0.80%             | 2028-11-15      | Fixed         | 8.25%                 | No            |                  1 | On Loan: No      |
| NY COMUNITY CAP TRUST V        | New York Community Capital Trust V                                              | CUSIP: 64944P307<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      8897 | NS      | $322516.25    | 2.05%             | 2051-11-01      | Fixed         | 6.00%                 | No            |                  1 | On Loan: No      |
| NEW YORK MORTGAGE TRUST        | New York Mortgage Trust Inc                                                     | CUSIP: 649604832<br>LEI: 549300JFGR0M7ULHWG48 | Long             | DBT              | CORP              | US        |     10432 | NS      | $257148.80    | 1.63%             | 2029-07-01      | Fixed         | 9.12%                 | No            |                  1 | On Loan: No      |
| NOBLE FINANCE II LLC           | Noble Finance II LLC                                                            | CUSIP: 65505PAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    217000 | PA      | $216623.83    | 1.37%             | 2030-04-15      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| OFFICE PPTY INCOME TRST        | Office Properties Income Trust                                                  | CUSIP: 67623C208<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |      1912 | NS      | $12236.80     | 0.08%             | 2050-06-23      | Fixed         | 6.38%                 | No            |                  1 | On Loan: No      |
| OFFICE PPTY INCOME TRST        | Office Properties Income Trust                                                  | CUSIP: 67623CAG4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    288000 | PA      | $274976.06    | 1.74%             | 2029-03-31      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-23

**Name of Applicant:** Series Portfolios Trust

**Signature:** /s/Ryan Roell

**Name of Signer:** Series Portfolios Trust

**Title:** President