# EDGAR Filing Document

**Accession Number:** 0002034406
**File Stem:** 0000894189-25-013043
**Filing Date:** 2025-10
**Character Count:** 31573
**Document Hash:** d9d22fb5bd89b4f2e24120df3c69d351
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-013043.hdr.sgml**: 20251030

**ACCESSION NUMBER**: 0000894189-25-013043

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250831

**FILED AS OF DATE**: 20251030

**DATE AS OF CHANGE**: 20251030

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Tortoise Capital Series Trust
- **CENTRAL INDEX KEY:** 0002034406

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-23997
- **FILM NUMBER:** 251433552

**BUSINESS ADDRESS:**
- **STREET 1:** 6363 COLLEGE BOULEVARD
- **STREET 2:** SUITE 100A
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66211
- **BUSINESS PHONE:** 866-362-9331

**MAIL ADDRESS:**
- **STREET 1:** 6363 COLLEGE BOULEVARD
- **STREET 2:** SUITE 100A
- **CITY:** OVERLAND PARK
- **STATE:** KS
- **ZIP:** 66211

## Series and Classes Contracts Data

### Tortoise Energy Fund (Series ID: S000092090)

| Class ID   | Class Name           | Ticker Symbol   |
|:---|:---|:---|
| C000260013 | Tortoise Energy Fund |  |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Tortoise Energy Fund** | **Tortoise Energy Fund** | **Tortoise Energy Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 63.4%** | **Shares** | **Value**  |
| **United States Crude Oil Pipelines - 3.8%** | **United States Crude Oil Pipelines - 3.8%** | |
| Plains GP Holdings L.P. | 1041432 | $20099638 |
| **United States Natural Gas Gathering/Processing - 2.2%** | **United States Natural Gas Gathering/Processing - 2.2%** |  |
| Hess Midstream LP - Class A | 281369 | 11592403 |
| **United States Natural Gas/Natural Gas Liquids Pipelines - 19.5%** | **United States Natural Gas/Natural Gas Liquids Pipelines - 19.5%** |  |
| Cheniere Energy, Inc. | 127278 | 30778366 |
| Kinder Morgan, Inc. | 471539 | 12722122 |
| ONEOK, Inc. | 194975 | 14892190 |
| Targa Resources Corp. | 97980 | 16437125 |
| The Williams Companies, Inc. | 442403 | 25606286 |
| Venture Global, Inc. - Class A | 163667 | 2127671 |
|  |  | 102563760 |
| **United States Oil & Gas Production - 21.7%** | **United States Oil & Gas Production - 21.7%** |  |
| Antero Resources Corporation <sup>(b)</sup> | 396880 | 12668410 |
| Coterra Energy, Inc. | 382958 | 9359494 |
| Devon Energy Corporation | 227864 | 8225890 |
| EQT Corporation | 627030 | 32505235 |
| Expand Energy Corp. | 262318 | 25387136 |
| Exxon Mobil Corp. | 139629 | 15958198 |
| Ovintiv, Inc. | 242842 | 10228505 |
|  |  | 114332868 |
| **United States Refined Product Pipelines - 5.0%** | **United States Refined Product Pipelines - 5.0%** |  |
| Marathon Petroleum Corporation | 28764 | 5169179 |
| Phillips 66 | 117040 | 15634203 |
| Valero Energy Corporation | 34231 | 5203454 |
|  |  | 26006836 |
| **United States Renewables and Power Infrastructure – 11.2%** | **United States Renewables and Power Infrastructure – 11.2%** |  |
| Clearway Energy, Inc. - Class C | 173805 | 5181127 |
| Constellation Energy Corp. <sup>(a)</sup> | 35920 | 11062642 |
| Evergy, Inc. | 119330 | 8503456 |
| Sempra Energy | 211017 | 17421563 |
| Vistra Corp. <sup>(a)</sup> | 88500 | 16736235 |
|  |  | 58905023 |
| **TOTAL COMMON STOCKS** (Cost $237,745,966) | **TOTAL COMMON STOCKS** (Cost $237,745,966) | 333500528 |
| **MASTER LIMITED PARTNERSHIPS - 18.4%** | **Units** | **Value**  |
| **United States Natural Gas Gathering/Processing - 2.8%** | **United States Natural Gas Gathering/Processing - 2.8%** |  |
| Western Midstream Partners LP | 373539 | 14646464 |
| **United States Natural Gas Pipelines - 8.1%** | **United States Natural Gas Pipelines - 8.1%** |  |
| Energy Transfer LP | 1451403 | 25718861 |
| Enterprise Products Partners LP | 535133 | 17199175 |
|  |  | 42918036 |
| **United States Refined Product Pipelines - 7.5%** | **United States Refined Product Pipelines - 7.5%** |  |
| MPLX LP | 771457 | 39244018 |
| **TOTAL MASTER LIMITED PARTNERSHIPS** (Cost $32,734,178) | **TOTAL MASTER LIMITED PARTNERSHIPS** (Cost $32,734,178) | 96808518 |
| **CORPORATE BONDS - 16.1%** | **Par** | **Value**  |
| **Canada Crude Oil Pipelines - 0.7%** | **Canada Crude Oil Pipelines - 0.7%** | **Canada Crude Oil Pipelines - 0.7%** |
|  Enbridge, Inc., 5.50% to 07/15/2027 then 3 mo. Term SOFR + 3.68%, 07/15/2077 | 3924000 | 3914683 |
| **United States Natural Gas Gathering/Processing – 4.1%** | **United States Natural Gas Gathering/Processing – 4.1%** | **United States Natural Gas Gathering/Processing – 4.1%** |
|  Antero Midstream Partners LP / Antero Midstream Finance Corp., 5.75%, 03/01/2027 <sup>(c)</sup> | 6294000 | 6296032 |
| Blue Racer Midstream LLC / Blue Racer Finance Corp. | Blue Racer Midstream LLC / Blue Racer Finance Corp. | Blue Racer Midstream LLC / Blue Racer Finance Corp. |
| &nbsp;&nbsp; 6.63%, 07/15/2026 <sup>(c)</sup> | 3724000 | 3727053 |
| &nbsp;&nbsp; 7.00%, 07/15/2029 <sup>(c)</sup> | 1924000 | 2008521 |
|  Kodiak Gas Services LLC, 7.25%, 02/15/2029 <sup>(c)</sup> | 4924000 | 5096187 |
|  ONEOK, Inc., 5.38%, 06/01/2029 | 4379000 | 4509028 |
|  |  | 21636821 |
| **United States Natural Gas/Natural Gas Liquids Pipelines – 6.2%** | **United States Natural Gas/Natural Gas Liquids Pipelines – 6.2%** | **United States Natural Gas/Natural Gas Liquids Pipelines – 6.2%** |
|  DT Midstream, Inc., 4.38%, 06/15/2031 <sup>(c)</sup> | 6024000 | 5799220 |
|  NGPL PipeCo LLC, 7.77%, 12/15/2037 <sup>(c)</sup> | 8973000 | 10317530 |
|  Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp., 5.50%, 01/15/2028 <sup>(c)</sup> | 7773000 | 7763920 |
|  Venture Global LNG, Inc., 9.88%, 02/01/2032 <sup>(c)</sup> | 7848000 | 8549800 |
|  |  | 32430470 |
| **United States Oil & Gas Production - 1.3%** | **United States Oil & Gas Production - 1.3%** | **United States Oil & Gas Production - 1.3%** |
|  Comstock Resources, Inc., 6.75%, 03/01/2029 <sup>(c)</sup> | 6906000 | 6814170 |
| **United States Oil Field Services - 1.2%** | **United States Oil Field Services - 1.2%** | **United States Oil Field Services - 1.2%** |
|  Archrock Partners LP / Archrock Partners Finance Corp., 6.88%, 04/01/2027 <sup>(c)</sup> | 6499000 | 6508625 |
| **United States Refining - 1.5%** | **United States Refining - 1.5%** | **United States Refining - 1.5%** |
|  PBF Holding Co. LLC / PBF Finance Corp., 7.88%, 09/15/2030 <sup>(c)</sup> | 7848000 | 7598140 |
| **United States Renewables and Power Infrastructure - 1.1%** | **United States Renewables and Power Infrastructure - 1.1%** | **United States Renewables and Power Infrastructure - 1.1%** |
|  Vistra Operations Co. LLC, 7.75%, 10/15/2031 <sup>(c)</sup> | 3424000 | 3639996 |
|  XPLR Infrastructure Operating Partners LP, 7.25%, 01/15/2029 <sup>(c)</sup> | 1924000 | 1966394 |
|  |  | 5606390 |
| **TOTAL CORPORATE BONDS** (Cost $82,904,983) | **TOTAL CORPORATE BONDS** (Cost $82,904,983) | 84509299 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 1.7%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 4.22%<sup>(d)</sup> | 8990624 | 8990624 |
| **TOTAL MONEY MARKET FUNDS** (Cost $8,990,624) | **TOTAL MONEY MARKET FUNDS** (Cost $8,990,624) | 8990624 |
| **TOTAL INVESTMENTS - 99.6% (**Cost $362,375,751**)** | **TOTAL INVESTMENTS - 99.6% (**Cost $362,375,751**)** | 523808969 |
| Other Assets in Excess of Liabilities - 0.4% | Other Assets in Excess of Liabilities - 0.4% | 1962158 |
| **TOTAL NET ASSETS - 100.0%** |  | $525771127 |
| two | two | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |

---

LLC - Limited Liability Company <br> LP - Limited Partnership <br> SOFR - Secured Overnight Financing Rate

(a) Held in connection with written option contracts. See Schedule of Written Options for further information.

(b) Non-income producing security.

(c) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of August 31, 2025, the value of these securities total $76,085,588 or 14.5% of the Fund's net assets.

(d) The rate shown represents the 7-day annualized effective yield as of August 31, 2025.

---

| | | | |
|:---|:---|:---|:---|
| **Tortoise Energy Fund** | **Tortoise Energy Fund** | **Tortoise Energy Fund** | **Tortoise Energy Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** | **August 31, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> | **Call Options - (0.0)%** <sup>(a)(b)(c)</sup> |
| Constellation Energy Corp., Expiration: 09/19/2025; Exercise Price: $380.00 | $(11056482) | (359) | $(5347) |
| Vistra Corp., Expiration: 09/19/2025; Exercise Price: $240.00 | (16736235) | (885) | (15067) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $156,186) |  |  | $(20414) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) Represents less than 0.05% of net assets.

(b) 100 shares per contract.

(c) Exchange-traded.

------

#### <br>

#### Summary of Fair Value Disclosure as of August 31, 2025 (Unaudited)
Tortoise Energy Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of August 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $333500528 | $– | $– | $333500528 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Master Limited Partnerships | 96808518 | – | – | 96808518 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 84509299 | – | 84509299 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 8990624 | – | – | 8990624 |
| Total Investments | $439299670 | $84509299 | $– | $523808969 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | $– | $(20414) | $– | $(20414) |
| Total Investments | $– | $(20414) | $– | $(20414) |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Tortoise Capital Series Trust

- **b. Investment Company Act file number:** 811-23997

- **c. CIK number of Registrant:** 0002034406

- **d. LEI of Registrant:** 529900IYQNYN4ZULP107

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

  - **Street Address 1:** 5901 College Boulevard

  - **City:** Overland Park

  - **State:** KS

  - **Foreign country:** US

  - **Zip / Postal Code:** 66211

  - **Telephone number:** 913-981-1020

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

- **a. Name of Series:** Tortoise Energy Fund

- **b. EDGAR series identifier (if any):** S000092090

- **c. LEI of Series:** 529900YV8FX9MVUNB141

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

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

- **b. Date as of which information is reported:** 2025-08-31

**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:** $526848980.62

**Total Liabilities:** $1078246.51

**Net Assets:** $525770734.11

**Cash Not Reported:** $682397.62

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000260013 | 3.74%                | 0.22%                | -0.62%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2049012.53              | $16553086.67                               |
| Month 2  | $10134616.74             | $-9714596.89                               |
| Month 3  | $5674213.13              | $-10821084.39                              |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Antero Resources Corp          | Antero Resources Corp                                        | CUSIP: 03674X106<br>LEI: APVBKPOULHUX7YZLKU17 | Long             | EC               | CORP              | US        |    396880 | NS      | $12668409.60  | 2.41%             |  |  |  | No            |                  1 | On Loan: No      |
| ANTERO MIDSTREAM PART/FI       | Antero Midstream Partners LP / Antero Midstream Finance Corp | CUSIP: 03690AAD8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6288000 | PA      | $6290029.77   | 1.20%             | 2027-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| ARCHROCK PARTNERS LP/FIN       | Archrock Partners LP / Archrock Partners Finance Corp        | CUSIP: 03959KAA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6499000 | PA      | $6508625.02   | 1.24%             | 2027-04-01      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN       | Blue Racer Midstream LLC / Blue Racer Finance Corp           | CUSIP: 095796AE8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3724000 | PA      | $3727052.56   | 0.71%             | 2026-07-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| BLUE RACER MID LLC/FINAN       | Blue Racer Midstream LLC / Blue Racer Finance Corp           | CUSIP: 095796AJ7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1924000 | PA      | $2008521.32   | 0.38%             | 2029-07-15      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Cheniere Energy Inc            | Cheniere Energy Inc                                          | CUSIP: 16411R208<br>LEI: MIHC87W9WTYSYZWV1J40 | Long             | EC               | CORP              | US        |    127278 | NS      | $30778365.96  | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Clearway Energy Inc            | Clearway Energy Inc                                          | CUSIP: 18539C204<br>LEI: 549300LHAZ9HA9G3XC48 | Long             | EC               | CORP              | US        |    173805 | NS      | $5181127.05   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| COMSTOCK RESOURCES INC         | Comstock Resources Inc                                       | CUSIP: 205768AS3<br>LEI: I03QQGEA4SS774AURI46 | Long             | DBT              | CORP              | US        |   6906000 | PA      | $6814170.23   | 1.30%             | 2029-03-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| Constellation Energy Corp      | Constellation Energy Corp                                    | CUSIP: 21037T109<br>LEI: 549300F8Y20RYGNGV346 | Long             | EC               | CORP              | US        |     35920 | NS      | $11062641.60  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Coterra Energy Inc             | Coterra Energy Inc                                           | CUSIP: 127097103<br>LEI: FCNMH6O7VWU7LHXMK351 | Long             | EC               | CORP              | US        |    382958 | NS      | $9359493.52   | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Expand Energy Corp             | Expand Energy Corp                                           | CUSIP: 165167735<br>LEI: X2MT1W32SPAZ9WSKLE78 | Long             | EC               | CORP              | US        |    262318 | NS      | $25387136.04  | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| DT MIDSTREAM INC               | DT Midstream Inc                                             | CUSIP: 23345MAB3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6024000 | PA      | $5799220.46   | 1.10%             | 2031-06-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Devon Energy Corp              | Devon Energy Corp                                            | CUSIP: 25179M103<br>LEI: 54930042348RKR3ZPN35 | Long             | EC               | CORP              | US        |    227864 | NS      | $8225890.40   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| EQT Corp                       | EQT Corp                                                     | CUSIP: 26884L109<br>LEI: 4NT01YGM4X7ZX86ISY52 | Long             | EC               | CORP              | US        |    627030 | NS      | $32505235.20  | 6.18%             |  |  |  | No            |                  1 | On Loan: No      |
| ENBRIDGE INC                   | Enbridge Inc                                                 | CUSIP: 29250NAS4<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | DBT              | CORP              | CA        |   3924000 | PA      | $3914683.25   | 0.74%             | 2077-07-15      | Variable      | 5.50%                 | No            |                  2 | On Loan: No      |
| Energy Transfer LP             | Energy Transfer LP                                           | CUSIP: 29273V100<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | EC               | CORP              | US        |   1451403 | NS      | $25718861.16  | 4.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Enterprise Products Partners L | Enterprise Products Partners LP                              | CUSIP: 293792107<br>LEI: K4CDIF4M54DJZ6TB4Q48 | Long             | EC               | CORP              | US        |    535133 | NS      | $17199174.62  | 3.27%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CEG 09/19/2025 380 C                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -359 | NC      | $-5346.41     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | VST 09/19/2025 240 C                                         | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -885 | NC      | $-15067.21    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| Evergy Inc                     | Evergy Inc                                                   | CUSIP: 30034W106<br>LEI: 549300PGTHDQY6PSUI61 | Long             | EC               | CORP              | US        |    119330 | NS      | $8503455.80   | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                                             | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    139629 | NS      | $15958198.41  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   9001223 | NS      | $9001223.17   | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Hess Midstream LP              | Hess Midstream LP                                            | CUSIP: 428103105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    281369 | NS      | $11592402.80  | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Kinder Morgan Inc              | Kinder Morgan Inc                                            | CUSIP: 49456B101<br>LEI: 549300WR7IX8XE0TBO16 | Long             | EC               | CORP              | US        |    471539 | NS      | $12722122.22  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| KODIAK GAS SERVICES LLC        | Kodiak Gas Services LLC                                      | CUSIP: 50012LAC8<br>LEI: 549300ZQBRWEUOVOM131 | Long             | DBT              | CORP              | US        |   4924000 | PA      | $5096187.36   | 0.97%             | 2029-02-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                      | CUSIP: 55336V100<br>LEI: 5493000CZJ19CK4P3G36 | Long             | EC               | CORP              | US        |    771457 | NS      | $39244017.59  | 7.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Marathon Petroleum Corp        | Marathon Petroleum Corp                                      | CUSIP: 56585A102<br>LEI: 3BNYRYQHD39K4LCKQF12 | Long             | EC               | CORP              | US        |     28764 | NS      | $5169178.44   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NGPL PIPECO LLC                | NGPL PipeCo LLC                                              | CUSIP: 62912XAC8<br>LEI: 549300K3NT1HSQFEM073 | Long             | DBT              | CORP              | US        |   8973000 | PA      | $10317530.29  | 1.96%             | 2037-12-15      | Fixed         | 7.77%                 | No            |                  2 | On Loan: No      |
| ONEOK Inc                      | ONEOK Inc                                                    | CUSIP: 682680103<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | EC               | CORP              | US        |    194975 | NS      | $14892190.50  | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                    | CUSIP: 682680CQ4<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   4379000 | PA      | $4509027.71   | 0.86%             | 2029-06-01      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| Ovintiv Inc                    | Ovintiv Inc                                                  | CUSIP: 69047Q102<br>LEI: 2549003MEX7YMKLGI239 | Long             | EC               | CORP              | US        |    242842 | NS      | $10228505.04  | 1.95%             |  |  |  | No            |                  1 | On Loan: No      |
| PBF HOLDING CO LLC             | PBF Holding Co LLC / PBF Finance Corp                        | CUSIP: 69318FAL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7848000 | PA      | $7598140.08   | 1.45%             | 2030-09-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| Sempra                         | Sempra                                                       | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |    211017 | NS      | $17421563.52  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| TALLGRASS NRG PRTNR/FIN        | Tallgrass Energy Partners LP / Tallgrass Energy Finance Corp | CUSIP: 87470LAD3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7773000 | PA      | $7763920.36   | 1.48%             | 2028-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Targa Resources Corp           | Targa Resources Corp                                         | CUSIP: 87612G101<br>LEI: 5493003QENHHS261UR94 | Long             | EC               | CORP              | US        |     97980 | NS      | $16437124.80  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Valero Energy Corp             | Valero Energy Corp                                           | CUSIP: 91913Y100<br>LEI: 549300XTO5VR8SKV1V74 | Long             | EC               | CORP              | US        |     34231 | NS      | $5203454.31   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| XPLR INFRAST OPERATING         | XPLR Infrastructure Operating Partners LP                    | CUSIP: 65342QAM4<br>LEI: 549300KJEC5IUVJWR786 | Long             | DBT              | CORP              | US        |   1924000 | PA      | $1966393.42   | 0.37%             | 2029-01-15      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| VENTURE GLOBAL LNG INC         | Venture Global LNG Inc                                       | CUSIP: 92332YAD3<br>LEI: 54930011XLBUWMQUC829 | Long             | DBT              | CORP              | US        |   7848000 | PA      | $8549799.55   | 1.63%             | 2032-02-01      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| Venture Global Inc             | Venture Global Inc                                           | CUSIP: 92333F101<br>LEI: 2549007XC91CAB3E0N98 | Long             | EC               | CORP              | US        |    163667 | NS      | $2127671.00   | 0.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Vistra Corp                    | Vistra Corp                                                  | CUSIP: 92840M102<br>LEI: 549300KP43CPCUJOOG15 | Long             | EC               | CORP              | US        |     88500 | NS      | $16736235.00  | 3.18%             |  |  |  | No            |                  1 | On Loan: No      |
| VISTRA OPERATIONS CO LLC       | Vistra Operations Co LLC                                     | CUSIP: 92840VAP7<br>LEI: 549300ZH5GKBTJZ7NM23 | Long             | DBT              | CORP              | US        |   3424000 | PA      | $3639996.19   | 0.69%             | 2031-10-15      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| Western Midstream Partners LP  | Western Midstream Partners LP                                | CUSIP: 958669103<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    373539 | NS      | $14646464.19  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Williams Cos Inc/The           | Williams Cos Inc/The                                         | CUSIP: 969457100<br>LEI: D71FAKCBLFS2O0RBPG08 | Long             | EC               | CORP              | US        |    442403 | NS      | $25606285.64  | 4.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Phillips 66                    | Phillips 66                                                  | CUSIP: 718546104<br>LEI: 5493005JBO5YSIGK1814 | Long             | EC               | CORP              | US        |    117040 | NS      | $15634203.20  | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Plains GP Holdings LP          | Plains GP Holdings LP                                        | CUSIP: 72651A207<br>LEI: 549300O56BSKRD8FAM12 | Long             | EC               | CORP              | US        |   1041432 | NS      | $20099637.60  | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-10-30

**Name of Applicant:** Tortoise Capital Series Trust

**Signature:** /s/ Peter Sattelmair

**Name of Signer:** Tortoise Capital Series Trust

**Title:** Treasurer