Amendment to Amended and Restated Master Custodian Agreement

This amendment, made as of June 27, 2025, and effective June 11, 2025 (the “Amendment”), to the Amended and Restated Master Custodian Agreement dated as of December 1, 2022 (as amended, restated, supplemented or otherwise modified and in effect from time to time, the “Agreement”), is by and among each management investment company and limited liability company identified on Appendix A thereto (each,  a “Fund” and collectively, the “Funds”), and State Street Bank and Trust Company (the “Custodian”, and together with the Funds, the “Parties”).

Whereas, the Board of Trustees of PPM Funds (the “Board”) has approved the liquidation, de-registration, and termination of its portfolios, the PPM Core Plus Fixed Income Fund and PPM High Yield Core Fund (the “Terminated Funds”), as identified on Appendix A, and PPM Funds have ceased its operations of the Terminated Funds (the “Fund Terminations”); and

Whereas,  the Parties have agreed to amend the Agreement, including its Appendix A, to remove PPM Funds as a party and to remove the Terminated Funds, effective June 11, 2025.

Now, Therefore, in consideration of the promises and mutual covenants herein contained, the Parties hereto agree as follows:

1)	PPM Funds is hereby removed as a party to the Agreement, effective June 11, 2025.

2)	Appendix A to the Agreement is hereby deleted, in its entirety, and replaced with the Appendix A attached hereto to reflect the removal of the Terminated Funds, effective June 11, 2025.

3)	Except as specifically amended hereby, all other terms and conditions of the Agreement shall remain in full force and effect.

4)

This Amendment may be executed in several counterparts, each of which shall be deemed to be an original, and all such counterparts taken together shall constitute one and the same instrument. Counterparts may be executed in either original or electronically transmitted form (e.g., faxes or emailed portable document format (PDF) form), and the Parties hereby adopt as original any signatures received via electronically transmitted form.

[signature page immediately follows]

In Witness Whereof, the Parties hereto have caused this Amendment to be executed by their officers designated below, effective June 11, 2025.

Appendix A

(Updated as of June 11, 2025)