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        <numTerminatedClass>0</numTerminatedClass>
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          <fundType>Exchange-Traded Fund</fundType>
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        <isFundSecuritiesLending>Y</isFundSecuritiesLending>
        <didFundLendSecurities>N</didFundLendSecurities>
        <paymentToAgentManagerType>N/A</paymentToAgentManagerType>
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        <netIncomeSecuritiesLending>0</netIncomeSecuritiesLending>
        <relyOnRuleTypes>
          <relyOnRuleType>Rule 32a-4 (17 CFR 270.32a-4)</relyOnRuleType>
          <relyOnRuleType>Rule 6c-11 (17 CFR 270.6c-11)</relyOnRuleType>
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        <isExpenseLimitationInPlace>N</isExpenseLimitationInPlace>
        <isExpenseReducedOrWaived>N</isExpenseReducedOrWaived>
        <isFeesWaivedRecoupable>N</isFeesWaivedRecoupable>
        <isExpenseWaivedRecoupable>N</isExpenseWaivedRecoupable>
        <investmentAdvisers>
          <investmentAdviser>
            <investmentAdviserName>Sovereign's Capital Management, LLC</investmentAdviserName>
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        <subAdvisers>
          <subAdviser>
            <subAdviserName>Vident Advisory, LLC</subAdviserName>
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        <transferAgents>
          <transferAgent>
            <transferAgentName>State Street Bank and Trust Company</transferAgentName>
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          </transferAgent>
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        <isTransferAgentHiredOrTerminated>N</isTransferAgentHiredOrTerminated>
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          <pricingService>
            <pricingServiceName>ICE Data Pricing &amp; Reference Data, LLC.</pricingServiceName>
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        <isPricingServiceHiredOrTerminated>N</isPricingServiceHiredOrTerminated>
        <custodians>
          <custodian>
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            <custodyType>Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))</custodyType>
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        <isCustodianHiredOrTerminated>N</isCustodianHiredOrTerminated>
        <isShareholderServiceHiredTerminated>N</isShareholderServiceHiredTerminated>
        <admins>
          <admin>
            <adminName>Paralel Technologies LLC</adminName>
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          </admin>
        </admins>
        <isAdminHiredOrTerminated>N</isAdminHiredOrTerminated>
        <brokers>
          <broker>
            <brokerName>CREDIT SUISSE SECURITIES (USA) LLC</brokerName>
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          <broker>
            <brokerName>CITADEL SECURITIES LLC</brokerName>
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        <aggregateCommission>52576</aggregateCommission>
        <principalAggregatePurchase>0</principalAggregatePurchase>
        <isBrokerageResearchPayment>N</isBrokerageResearchPayment>
        <mnthlyAvgNetAssets>102184277</mnthlyAvgNetAssets>
        <hasLineOfCredit>N</hasLineOfCredit>
        <isInterfundLending>N</isInterfundLending>
        <isInterfundBorrowing>N</isInterfundBorrowing>
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    </managementInvestmentQuestionSeriesInfo>
    <exchangeSeriesInfo>
      <exchangeTradedFund>
        <fundName>NPF Core Equity ETF</fundName>
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          <securityExchange fundExchange="CBSX" fundsTickerSymbol="NPFE"/>
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          <authorizedParticipant authorizedParticipantName="MERRILL LYNCH PROFESSIONAL CLEARING CORP." authorizedParticipantFileNo="8-33359" authorizedParticipantCrdNo="000016139" authorizedParticipantLei="549300PMHS66E71I2D34" authorizedParticipantPurchaseValue="135782077.6" authorizedParticipantRedeemValue="137249438.2"/>
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        <isCollateralRequired>N</isCollateralRequired>
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        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
        <creationUnitTransactionFeeManyUnits>93.75</creationUnitTransactionFeeManyUnits>
        <creationUnitTransactionFeePercentagePerUnit>N/A</creationUnitTransactionFeePercentagePerUnit>
        <creationUnitTransactionFeeCashPerUnit>N/A</creationUnitTransactionFeeCashPerUnit>
        <creationUnitTransactionFeeCashManyUnits>93.75</creationUnitTransactionFeeCashManyUnits>
        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
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        <purchaseCreationUnitDollarPerMoreUnits>100</purchaseCreationUnitDollarPerMoreUnits>
        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
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        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>Y</isInKindETF>
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      <exchangeTradedFund>
        <fundName>RiverNorth Active Income ETF</fundName>
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          <securityExchange fundExchange="CBSX" fundsTickerSymbol="CEFZ"/>
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        <isCollateralRequired>N</isCollateralRequired>
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        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
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        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
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        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
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        <purchaseCreationUnitCashPerMoreUnits>200</purchaseCreationUnitCashPerMoreUnits>
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      <exchangeTradedFund>
        <fundName>Sovereign's Capital Flourish Fund</fundName>
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          <securityExchange fundExchange="ARCX" fundsTickerSymbol="SOVF"/>
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        <isCollateralRequired>N</isCollateralRequired>
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        <creationUnitTransactionFeePerUnit>N/A</creationUnitTransactionFeePerUnit>
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        <creationUnitTransactionFeeCashPercentagePerUnit>N/A</creationUnitTransactionFeeCashPercentagePerUnit>
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        <purchaseCreationUnitDollarPercentagePerUnit>N/A</purchaseCreationUnitDollarPercentagePerUnit>
        <purchaseCreationUnitCashPerUnit>N/A</purchaseCreationUnitCashPerUnit>
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        <purchaseCreationUnitCashPercentagePerUnit>N/A</purchaseCreationUnitCashPercentagePerUnit>
        <isInKindETF>Y</isInKindETF>
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    </exchangeSeriesInfo>
    <attachmentsTab>
      <isIPAReportInternalControl>true</isIPAReportInternalControl>
    </attachmentsTab>
    <signature registrantSignedName="Elevation Series Trust" signedDate="2025-10-13" signature="Nicholas Austin" title="Treasurer"/>
  </formData>
</edgarSubmission>
