Aristotle High Yield Bond Fund
Schedule of Investments
June 30, 2026 (Unaudited)

CORPORATE BONDS - 77.1%
Par  

Value  
Communications - 7.1%
APLD ComputeCo 2 LLC, 6.75%, 03/15/2031 (a)

    $        375,000

    $        376,614
APLD ComputeCo 3 LLC, 7.00%, 06/15/2031 (a)

             175,000

             174,860
APLD ComputeCo LLC, 9.25%, 12/15/2030 (a)

             750,000

             809,516
Beignet Investor LLC, 6.58%, 05/30/2049 (a)

             425,000

             433,776
CCO Holdings LLC / CCO Holdings Capital Corp.
5.38%, 06/01/2029 (a)

             265,000

             259,380
6.38%, 09/01/2029 (a)

             240,000

             239,893
4.75%, 03/01/2030 (a)

             915,000

             868,034
4.25%, 02/01/2031 (a)

             750,000

             676,025
4.25%, 01/15/2034 (a)

             200,000

             169,502
7.38%, 02/01/2036 (a)(b)

             225,000

             220,925
Cipher Compute LLC, 7.13%, 11/15/2030 (a)

             425,000

             442,328
Connect Finco SARL / Connect US Finco LLC, 9.00%, 09/15/2029 (a)

             350,000

             368,723
Flash Compute LLC, 7.25%, 12/31/2030 (a)

             300,000

             308,842
HUT 8 DC LLC, 6.19%, 11/15/2042 (a)

             425,000

             430,654
Level 3 Financing, Inc.
6.88%, 06/30/2033 (a)

             1,100,000

             1,130,860
8.50%, 01/15/2036 (a)

             125,000

             134,329
7.50%, 02/15/2037 (a)

             175,000

             179,774
QTS Fayetteville I Dc1-2 LLC / QTS TRS Fayetteville I DC1-2 LLC, 5.70%, 04/15/2036 (a)

             675,000

             642,031
Space Exploration Technologies Corp., 5.88%, 07/15/2036 (a)

             500,000

             493,667
SV RNO Property Owner 1 LLC, 5.88%, 03/01/2031 (a)

             750,000

             739,664
Uniti Group LP / Uniti Group Finance 2019, Inc. / CSL Capital LLC, 8.63%, 06/15/2032 (a)

             125,000

             130,507
Univision Communications, Inc.
8.50%, 07/31/2031 (a)

             200,000

             201,017
8.88%, 04/15/2033 (a)

             750,000

             738,828
Windstream Services LLC / Windstream Escrow Finance Corp., 8.25%, 10/01/2031 (a)

             400,000

             422,036


             10,591,785






Consumer Discretionary - 15.8%
1011778 BC ULC / New Red Finance, Inc.
3.88%, 01/15/2028 (a)

             650,000

             638,115
3.50%, 02/15/2029 (a)

             315,000

             302,886
6.13%, 06/15/2029 (a)

             175,000

             177,716
4.00%, 10/15/2030 (a)

             700,000

             661,237
Allied Universal Holdco LLC, 7.88%, 02/15/2031 (a)

             675,000

             705,995
Allied Universal Holdco LLC / Allied Universal Finance Corp., 6.88%, 06/15/2030 (a)

             1,825,000

             1,876,624
Beach Acquisition Bidco LLC, 10.00% (or 10.75% PIK), 07/15/2033 (a)

             471,620

             535,753
Caesars Entertainment, Inc.
7.00%, 02/15/2030 (a)

             300,000

             301,904
6.50%, 02/15/2032 (a)

             750,000

             732,173
Carnival Corp. Ltd.
5.13%, 05/01/2029 (a)

             100,000

             99,893
5.88%, 06/15/2031 (a)

             375,000

             381,950
5.75%, 08/01/2032 (a)

             250,000

             252,754
CP Atlas Buyer, Inc., 9.75%, 07/15/2030 (a)(b)

             225,000

             216,257
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc.
4.63%, 01/15/2029 (a)

             425,000

             413,478
6.75%, 01/15/2030 (a)

             180,000

             176,651
Garda World Security Corp., 6.50%, 01/15/2031 (a)

             1,300,000

             1,318,972
Hilton Grand Vacations Borrower LLC / Hilton Grand Vacations Borrower, Inc.
5.00%, 06/01/2029 (a)

             1,475,000

             1,441,531
6.63%, 01/15/2032 (a)

             275,000

             279,253


MajorDrive Holdings IV LLC, 6.38%, 06/01/2029 (a)

             4,870,000

             4,101,981
NCL Corp. Ltd.
5.88%, 01/15/2031 (a)

             1,350,000

             1,311,218
6.25%, 09/15/2033 (a)

             1,100,000

             1,068,939
Newell Brands, Inc., 8.50%, 06/01/2028 (a)

             750,000

             783,974
QXO Building Products, Inc., 6.88%, 07/15/2034 (a)

             450,000

             462,229
SeaWorld Parks & Entertainment, Inc., 5.25%, 08/15/2029 (a)(b)

             1,675,000

             1,640,245
Six Flags Entertainment Corp./Canada's Wonderland Co./Millennium Operations LLC, 8.63%, 01/15/2032 (a)

             550,000

             566,688
Veritiv Operating Co., 10.50%, 11/30/2030 (a)

             950,000

             972,785
Viking Cruises Ltd.
7.00%, 02/15/2029 (a)

             90,000

             90,349
5.88%, 10/15/2033 (a)

             275,000

             275,566
VT Topco, Inc., 8.50%, 08/15/2030 (a)(b)

             325,000

             330,008
Wand NewCo 3, Inc., 7.63%, 01/30/2032 (a)

             634,275

             656,380
Wynn Resorts Finance LLC / Wynn Resorts Capital Corp.
7.13%, 02/15/2031 (a)

             435,000

             459,950
6.25%, 03/15/2033 (a)

             250,000

             251,074


             23,484,528






Consumer Staples - 5.5%
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC
5.63%, 03/31/2032 (a)

             300,000

             290,204
5.75%, 03/31/2034 (a)

             1,950,000

             1,859,511
Fiesta Purchaser, Inc.
7.88%, 03/01/2031 (a)

             165,000

             166,549
9.63%, 09/15/2032 (a)

             750,000

             736,539
Froneri Lux FinCo SARL, 6.00%, 08/01/2032 (a)

             500,000

             490,644
Industrial F&B Investments III, Inc., 7.75%, 02/11/2033 (a)

             525,000

             535,397
Opal Bidco SAS, 6.50%, 03/31/2032 (a)

             400,000

             408,280
Post Holdings, Inc., 6.38%, 03/01/2033 (a)

             1,475,000

             1,464,387
Primo Water Holdings, Inc. / Triton Water Holdings, Inc.
6.25%, 04/01/2029 (a)

             250,000

             251,095
4.38%, 04/30/2029 (a)

             275,000

             268,610
Viking Baked Goods Acquisition Corp.
8.63%, 11/01/2031 (a)

             1,600,000

             1,621,290
8.63%, 11/01/2031 (a)

             25,000

             25,333


             8,117,839






Energy - 11.5%
Antero Midstream Partners LP / Antero Midstream Finance Corp.
5.38%, 06/15/2029 (a)

             835,000

             832,791
6.63%, 02/01/2032 (a)

             25,000

             25,547
5.75%, 10/15/2033 (a)

             100,000

             99,092
5.75%, 07/01/2034 (a)

             1,150,000

             1,136,315
Archrock Services LP / Archrock Partners Finance Corp., 6.00%, 02/01/2034 (a)

             725,000

             721,089
CQP Holdco LP / BIP-V Chinook Holdco LLC
5.50%, 06/15/2031 (a)

             815,000

             800,277
7.50%, 12/15/2033 (a)

             500,000

             522,924
Crescent Energy Finance LLC, 8.38%, 01/15/2034 (a)

             850,000

             876,023
Enbridge, Inc., 8.25% to 01/15/2029 then 5 yr. CMT Rate + 3.79%, 01/15/2084

             750,000

             792,120
Enerflex, Inc., 6.88%, 01/15/2031 (a)

             925,000

             947,243
Energy Transfer LP
7.13% to 10/01/2029 then 5 yr. CMT Rate + 2.83%, 10/01/2054

             225,000

             232,185
6.50% to 02/15/2031 then 5 yr. CMT Rate + 2.68%, 02/15/2056

             1,500,000

             1,513,331
6.75% to 02/15/2036 then 5 yr. CMT Rate + 2.48%, 02/15/2056

             500,000

             510,977
Global Partners LP / GLP Finance Corp., 8.25%, 01/15/2032 (a)

             400,000

             419,124
Oceaneering International, Inc., 6.88%, 07/15/2034 (a)

             850,000

             863,873
Sunoco LP
4.63%, 05/01/2030 (a)

             500,000

             483,253


7.88% to 09/18/2030 then 5 yr. CMT Rate + 4.23%, Perpetual (a)

             225,000

             234,131
5.63%, 03/15/2031 (a)

             1,025,000

             1,017,939
5.38%, 07/15/2031 (a)

             50,000

             49,345
5.88%, 03/15/2034 (a)

             275,000

             271,393
Venture Global Calcasieu Pass LLC
3.88%, 11/01/2033 (a)

             250,000

             222,981
6.00%, 05/01/2036 (a)

             50,000

             50,568
Venture Global LNG, Inc.
9.00% to 09/30/2029 then 5 yr. CMT Rate + 5.44%, Perpetual (a)

             275,000

             268,630
9.88%, 02/01/2032 (a)

             1,235,000

             1,318,933
6.38%, 12/15/2034 (a)

             150,000

             147,503
6.63%, 06/15/2036 (a)

             875,000

             862,971
Venture Global Plaquemines LNG LLC
7.75%, 05/01/2035 (a)

             125,000

             140,243
6.75%, 01/15/2036 (a)

             575,000

             609,949
WBI Operating LLC
6.25%, 10/15/2030 (a)

             750,000

             754,575
6.50%, 10/15/2033 (a)

             250,000

             251,701


             16,977,026






Financials - 12.6%
Acrisure LLC / Acrisure Finance, Inc.
8.25%, 02/01/2029 (a)

             600,000

             565,217
6.00%, 08/01/2029 (a)

             375,000

             330,714
7.50%, 11/06/2030 (a)

             1,500,000

             1,423,688
6.75%, 07/01/2032 (a)

             375,000

             337,388
Alliant Holdings Intermediate LLC / Alliant Holdings Co.-Issuer
6.50%, 10/01/2031 (a)

             1,175,000

             1,173,246
7.38%, 10/01/2032 (a)

             275,000

             273,297
Ardonagh Finco Ltd., 7.75%, 02/15/2031 (a)

             250,000

             252,991
Ardonagh Group Finance Ltd., 8.88%, 02/15/2032 (a)

             2,050,000

             1,993,121
Asurion LLC/ Asurion Co.-Issuer, Inc.
8.00%, 12/31/2032 (a)

             300,000

             302,512
8.38%, 02/01/2034 (a)

             200,000

             185,283
Banco Mercantil del Norte SA/Grand Cayman, 6.63% to 01/24/2032 then 10 yr. CMT Rate + 5.03%, Perpetual (a)

             300,000

             285,891
Barclays PLC
9.63% to 06/15/2030 then USISSO05 + 5.78%, Perpetual

             200,000

             222,018
7.63% to 09/15/2035 then USISSO05 + 3.69%, Perpetual

             425,000

             444,437
Burford Capital Global Finance LLC
7.50%, 07/15/2033 (a)

             1,775,000

             1,506,691
8.50%, 01/15/2034 (a)

             400,000

             350,872
CoreLogic, Inc., 4.50%, 05/01/2028 (a)

             375,000

             366,620
CRC Insurance Group LLC, 7.13%, 06/01/2031 (a)

             1,175,000

             1,171,952
Howden UK Refinance PLC / Howden UK Refinance 2 PLC / Howden US Refinance LLC
7.25%, 02/15/2031 (a)

             475,000

             460,479
8.13%, 02/15/2032 (a)

             1,875,000

             1,682,247
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032 (a)

             125,000

             120,173
Iron Mountain, Inc.
4.88%, 09/15/2029 (a)

             405,000

             397,619
4.50%, 02/15/2031 (a)

             75,000

             71,772
Jane Street Group / JSG Finance, Inc., 6.75%, 05/01/2033 (a)

             1,650,000

             1,697,704
Kilroy Realty LP, 5.88%, 10/15/2035

             1,450,000

             1,433,758
Rocket Cos., Inc., 6.13%, 08/01/2030 (a)

             325,000

             330,735
Royal Bank of Canada, 6.50% to 05/24/2033 then 5 yr. CMT Rate + 2.45%, 05/24/2086

             350,000

             348,282
Starwood Property Trust, Inc., 5.88%, 08/15/2029 (a)

             750,000

             752,699
UBS Group AG, 7.13% to 02/10/2035 then USISSO05 + 3.18%, Perpetual (a)

             250,000

             252,391


             18,733,797






Health Care - 1.8%


Charles River Laboratories International, Inc., 4.00%, 03/15/2031 (a)

             350,000

             328,523
CHS/Community Health Systems, Inc.
4.75%, 02/15/2031 (a)

             63,000

             58,001
10.88%, 01/15/2032 (a)

             115,000

             123,992
9.75%, 01/15/2034 (a)

             850,000

             888,531
Medline Borrower LP, 5.25%, 10/01/2029 (a)

             750,000

             745,796
Tenet Healthcare Corp.
4.63%, 06/15/2028

             75,000

             74,413
4.25%, 06/01/2029

             125,000

             121,556
4.38%, 01/15/2030

             265,000

             256,962


             2,597,774






Industrials - 9.2%
Albion Financing 1 SARL / Aggreko Holdings, Inc., 7.00%, 05/21/2030 (a)

             650,000

             673,471
BWX Technologies, Inc., 4.13%, 04/15/2029 (a)

             785,000

             761,303
Clue Opco LLC, 9.50%, 10/15/2031 (a)(b)

             775,000

             748,962
Columbus McKinnon Corp., 7.13%, 02/01/2033 (a)

             500,000

             501,464
EMRLD Borrower LP / Emerald Co.-Issuer, Inc., 6.63%, 12/15/2030 (a)

             310,000

             317,311
GB AIT Buyer, Inc., 8.75%, 04/30/2034 (a)

             725,000

             727,834
GFL Environmental Holdings US, Inc.
5.63%, 07/01/2031 (a)

             275,000

             275,182
5.50%, 02/01/2034 (a)

             925,000

             905,888
GFL Environmental, Inc., 4.38%, 08/15/2029 (a)

             1,700,000

             1,653,852
Goat Holdco LLC, 6.75%, 02/01/2032 (a)

             1,425,000

             1,461,547
Lsf12 Helix Parent LLC, 7.13%, 02/01/2033 (a)

             625,000

             606,697
Luna 1.5 Sarl, 12.00% (or 12.75% PIK), 07/01/2032 (a)

             900,000

             963,683
Oregon Tool Lux LP, 7.88%, 10/15/2029 (a)

             642,447

             195,545
TK Elevator US Newco, Inc., 5.25%, 07/15/2027 (a)

             90,000

             90,077
TransDigm, Inc.
6.75%, 08/15/2028 (a)

             325,000

             328,643
6.88%, 12/15/2030 (a)

             175,000

             179,966
6.63%, 03/01/2032 (a)

             100,000

             102,687
6.00%, 01/15/2033 (a)

             350,000

             353,648
6.38%, 05/31/2033 (a)

             675,000

             681,874
6.75%, 01/31/2034 (a)

             700,000

             718,497
6.13%, 07/31/2034 (a)

             1,350,000

             1,349,951


             13,598,082






Materials - 4.4%
Calderys Financing II LLC, 11.75% (or 12.50% PIK), 06/01/2028 (a)

             743,750

             760,048
Clydesdale Acquisition Holdings, Inc., 6.75%, 04/15/2032 (a)

             600,000

             582,810
FMC Corp., 8.00%, 06/01/2031 (a)

             250,000

             260,372
Graphic Packaging International LLC, 6.38%, 07/15/2032 (a)(b)

             375,000

             378,819
Magnera Corp., 7.25%, 11/15/2031 (a)

             275,000

             268,693
Novelis Corp.
4.75%, 01/30/2030 (a)

             85,000

             82,268
3.88%, 08/15/2031 (a)

             325,000

             296,217
Olympus Water US Holding Corp., 7.25%, 02/15/2033 (a)

             675,000

             668,063
Owens-Brockway Glass Container, Inc., 9.50%, 06/01/2033 (a)

             200,000

             205,026
Standard Building Solutions, Inc., 6.50%, 08/15/2032 (a)

             325,000

             327,176
Standard Industries, Inc., 4.38%, 07/15/2030 (a)

             145,000

             137,821
Sword Purchaser LLC
8.25%, 04/15/2033 (a)

             300,000

             310,602
10.50%, 04/15/2034 (a)

             975,000

             1,020,794
Trivium Packaging Finance BV
8.25%, 07/15/2030 (a)

             359,000

             379,545
12.25%, 01/15/2031 (a)

             175,000

             193,565
WR Grace Holdings LLC, 7.00%, 08/01/2033 (a)

             725,000

             706,572


             6,578,391








Technology - 4.9%
Amentum Holdings, Inc., 7.25%, 08/01/2032 (a)

             500,000

             515,320
CACI International, Inc., 6.38%, 06/15/2033 (a)

             575,000

             583,521
Central Parent, Inc. / CDK Global, Inc., 7.25%, 06/15/2029 (a)

             275,000

             178,750
CoreWeave, Inc.
9.25%, 06/01/2030 (a)

             500,000

             503,615
9.00%, 02/01/2031 (a)(b)

             350,000

             346,313
9.75%, 10/01/2031 (a)

             400,000

             399,402
9.63%, 07/15/2032 (a)

             125,000

             123,287
Ellucian Holdings, Inc., 6.50%, 12/01/2029 (a)

             1,500,000

             1,453,729
OAK-Eagle Acquireco, Inc.
7.25%, 07/01/2033 (a)

             175,000

             183,164
8.75%, 07/01/2034 (a)

             250,000

             265,481
Oracle Corp.
5.70%, 02/04/2036

             500,000

             484,403
5.38%, 09/27/2054

             200,000

             156,993
UKG, Inc., 6.88%, 02/01/2031 (a)

             2,125,000

             2,065,774


             7,259,752






Utilities - 4.3%
NRG Energy, Inc.
5.75%, 01/15/2034 (a)

             75,000

             74,454
6.25%, 11/01/2034 (a)

             300,000

             303,889
6.00%, 01/15/2036 (a)

             2,125,000

             2,119,431
6.13%, 05/15/2036 (a)

             825,000

             825,737
Talen Energy Supply LLC
6.25%, 02/01/2034 (a)

             1,075,000

             1,068,918
6.50%, 02/01/2036 (a)

             700,000

             705,993
TransAlta Corp., 5.88%, 02/01/2034

             575,000

             566,756
Vistra Corp., 8.00% to 10/15/2026 then 5 yr. CMT Rate + 6.93%, Perpetual (a)

             675,000

             682,202


             6,347,380
TOTAL CORPORATE BONDS (Cost $114,841,796)

             114,286,354






BANK LOANS - 5.6%
Par  

Value  
Communications - 0.2%
iHeartCommunications, Inc., Senior Secured First Lien, 9.65% (1 mo. SOFR US + 5.78%), 05/01/2029

             274,304

             262,305






Consumer Discretionary - 0.4%
Grant Thornton Advisors LLC, Senior Secured First Lien, 6.39% (1 mo. SOFR US + 2.75%), 05/30/2031

             648,363

             618,580






Financials - 0.3%
Trucordia Insurance Holdings LLC, Senior Secured First Lien, 6.90% (1 mo. Term SOFR + 3.25%), 06/17/2032

             596,992

             534,308






Industrials - 3.3%
Engineered Machinery Holdings, Inc., Senior Secured Second Lien, 10.26% (3 mo. SOFR US + 6.00%), 05/21/2029

             1,000,000

             1,003,130
GB AIT Buyer, Inc., Senior Secured First Lien, 7.91% (3 mo. SOFR US + 4.25%), 04/29/2033

             375,000

             375,622
Gloves Buyer, Inc., Senior Secured First Lien, 7.64% (1 mo. SOFR US + 4.00%), 05/24/2032

             398,000

             399,618
Icebox Holdco III, Inc., Senior Secured Second Lien, 10.20% (3 mo. SOFR US + 6.50%), 12/24/2029

             500,000

             504,585
Indicor LLC, Senior Secured First Lien, 6.14% (1 mo. SOFR US + 2.50%), 11/23/2029

             486,393

             486,712
Lsf12 Crown US Commercial Bidco LLC, Senior Secured First Lien, 6.62% (1 mo. SOFR US + 3.00%), 12/02/2031

             724,508

             727,164
Merlin Buyer, Inc., Senior Secured First Lien, 7.73% (3 mo. SOFR US + 4.00%), 03/16/2033

             500,000

             501,875
SunSource Borrower LLC, Senior Secured First Lien, 7.72% (1 mo. SOFR US + 4.00%), 03/25/2031

             442,330

             443,206
TK Elevator US Newco, Inc., Senior Secured First Lien, 6.38% (6 mo. SOFR US + 2.75%), 04/30/2030

             488,862

             491,560


             4,933,472






Materials - 0.3%


Mativ Holdings, Inc., Senior Secured First Lien, 8.14% (1 mo. SOFR US + 4.50%), 04/04/2033

             450,000

             451,125






Technology - 1.1%
Central Parent, Inc., Senior Secured First Lien, 6.95% (3 mo. Term SOFR + 3.25%), 07/06/2029

             13,750

             9,075
Ellucian Holdings, Inc., Senior Secured Second Lien, 8.39% (1 mo. SOFR US + 4.75%), 11/22/2032

             500,000

             484,108
Proofpoint, Inc., Senior Secured First Lien, 6.73% (3 mo. SOFR US + 3.00%), 08/31/2028

             1,122,130

             1,085,425


             1,578,608
TOTAL BANK LOANS (Cost $8,435,584)

             8,378,398






COLLATERALIZED LOAN OBLIGATIONS - 3.5%
Par  

Value  
Aimco CDO, Series 2019-10A, Class ER3, 8.60% (3 mo. Term SOFR + 4.90%), 07/22/2039 (a)

             500,000

             501,353
Benefit Street Partners CLO Ltd., Series 2021-24A, Class ER, 8.28% (3 mo. Term SOFR + 4.60%), 10/20/2034 (a)

             500,000

             500,025
Clover CLO, Series 2018-1A, Class ERR, 10.08% (3 mo. Term SOFR + 6.40%), 04/20/2037 (a)

             250,000

             230,287
Eaton Vance Management, Series 2020-1A, Class ERR, 9.92% (3 mo. Term SOFR + 6.25%), 10/15/2037 (a)

             500,000

             463,477
Magnetite CLO Ltd., Series 2019-24A, Class ER, 10.07% (3 mo. Term SOFR + 6.40%), 04/15/2035 (a)

             500,000

             498,517
OHA Credit Partners Ltd., Series 2012-7A, Class ER4, 8.14% (3 mo. Term SOFR + 4.50%), 02/20/2038 (a)

             500,000

             484,910
OHA Loan Funding Ltd., Series 2016-1A, Class ER2, 9.38% (3 mo. Term SOFR + 5.70%), 07/20/2037 (a)

             1,000,000

             979,069
RR Ltd./Cayman Islands, Series 2024-30A, Class D, 9.42% (3 mo. Term SOFR + 5.75%), 07/15/2036 (a)

             500,000

             501,417
Texas Debt Capital CLO Ltd., Series 2023-2A, Class ER, 9.37% (3 mo. Term SOFR + 5.70%), 10/21/2037 (a)

             500,000

             499,735
Trimaran CAVU LLC, Series 2021-3A, Class E, 11.31% (3 mo. Term SOFR + 7.63%), 01/18/2035 (a)

             500,000

             488,203
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $5,256,752)

             5,146,993






SHORT-TERM INVESTMENTS
INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING - 2.1%
Shares  

Value  
Money Market Funds - 2.1%



 
GS Financial Square Government Fund - Institutional Class, 3.53% (c)

            3,085,670

             3,085,670
TOTAL INVESTMENTS PURCHASED WITH PROCEEDS FROM SECURITIES LENDING (Cost $3,085,670)

             3,085,670






TOTAL INVESTMENTS - 88.3% (Cost $131,619,802)

             130,897,415
Money Market Deposit Account - 0.8% (d)

             1,116,004
Other Assets in Excess of Liabilities - 10.9%
0.10945
            16,223,861
TOTAL NET ASSETS - 100.0%




    $        148,237,280


Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.




CMT - Constant Maturity Treasury
PIK - Payment in Kind
SOFR - Secured Overnight Financing Rate
USISSO05- 5 Year US Dollar SOFR Swap Rate




(a)

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 June 30, 2026, the value of these securities total $112,275,156 or 75.7% of the Fund’s net assets.
(b)

All or a portion of this security is on loan as of June 30, 2026. The fair value of these securities was $2,947,805.
(c)

The rate shown represents the 7-day annualized yield as of June 30, 2026.
(d)

The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily. The rate as of June 30, 2026 was 3.45%.









Summary of Fair Value Disclosure as of June 30, 2026 (Unaudited)
 
The Trust characterizes its investments as Level 1, Level 2, or Level 3 based upon the various inputs or methodologies used to value the investments. Utilizing the valuation procedures, the Valuation Oversight Committee ("VOC") determines the level in which each investment is characterized. The VOC includes finance, operations, legal, risk and compliance members of the Trust’s Adviser, and the Trust’s Chief Legal Officer and Chief Compliance Officer. The three-tier hierarchy of inputs is summarized in the three broad levels listed below:

•Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that a 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 a Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The VOC reviews the valuation procedure periodically (at least annually) to determine the appropriateness of the pricing methodologies used to value each Fund’s investments. The VOC also periodically evaluates how the Trust’s investments are characterized within the three-tier hierarchy and the appropriateness of third-party pricing sources. The VOC also periodically (at least annually) conducts back-testing of the value of various Level 2 and Level 3 investments to evaluate the effectiveness of the pricing methodologies including the unobservable inputs used to value those investments. Such back-testing includes comparing Level 2 and Level 3 investment values to subsequently available exchange traded prices, transaction prices, and/or observable vendor prices.

The inputs or methodologies used for characterizing each Fund’s investments within the three-tier hierarchy are not necessarily an indication of the relative risks associated with investing in those investments. Foreign equity investments that are modified to reflect the estimates of a change in value from the time of the closing valuation in the foreign market until the time of the NYSE close, in accordance with information provided by a foreign fair value service are reflected as Level 2. Changes in valuation techniques may result in transfers into or out of an assigned level within the hierarchy.

The following is a summary of the inputs used, as of June 30, 2026, in valuing the Funds’ assets carried at fair value:


Level 1

Level 2

Level 3

Total
Investments:







  Corporate Bonds
    $        –

    $        114,286,354

    $        –

    $        114,286,354
  Bank Loans
            –

            8,378,398

            –

            8,378,398
  Collateralized Loan Obligations
            –

            5,146,993

            –

            5,146,993
  Investments Purchased with Proceeds from Securities Lending
            3,085,670

            –

            –

            3,085,670
Total Investments
    $        3,085,670

    $        127,811,745

    $        –

    $        130,897,415




 

Refer to the Schedule of Investments for further disaggregation of investment categories.