Aristotle Funds Series Trust NPORT-P Aristotle High Yield Bond Fund (Dec 2023 report)

Aristotle High Yield Bond Fund
Schedule of Investments
as of December 31, 2023 (Unaudited)
CORPORATE BONDS - 85.2%	Par		Value
Communications - 10.9%
Altice France Holding SA, 10.50%, 05/15/2027 (a)	$	200,000	$	129,728
Altice France SA/France, 8.13%, 02/01/2027 (a)		200,000		184,529
CCO Holdings LLC / CCO Holdings Capital Corp. (a)
5.38%, 06/01/2029		265,000		250,155
6.38%, 09/01/2029		240,000		236,998
4.75%, 03/01/2030		1,675,000		1,532,961
4.25%, 02/01/2031		300,000		262,577
Clear Channel Outdoor Holdings, Inc., 5.13%, 08/15/2027 (a)		425,000		405,984
CSC Holdings LLC
5.25%, 06/01/2024		400,000		391,856
11.25%, 05/15/2028 (a)		200,000		206,213
6.50%, 02/01/2029 (a)		290,000		256,185
5.75%, 01/15/2030 (a)		400,000		249,416
DISH Network Corp., 11.75%, 11/15/2027 (a)		850,000		887,972
Frontier Communications Holdings LLC (a)
5.88%, 10/15/2027		125,000		120,866
5.00%, 05/01/2028		275,000		254,402
8.63%, 03/15/2031		200,000		204,081
Level 3 Financing, Inc. (a)
4.63%, 09/15/2027		505,000		303,467
3.63%, 01/15/2029		195,000		82,081
10.50%, 05/15/2030		82,000		79,592
Lumen Technologies, Inc., 4.00%, 02/15/2027 (a)		375,000		242,366
Newfold Digital Holdings Group, Inc. (a)
11.75%, 10/15/2028		50,000		53,830
6.00%, 02/15/2029		200,000		151,306
Outfront Media Capital LLC / Outfront Media Capital Corp. (a)
5.00%, 08/15/2027		275,000		266,035
4.25%, 01/15/2029		215,000		194,217
Uber Technologies, Inc., 4.50%, 08/15/2029 (a)		485,000		463,583
Univision Communications, Inc., 8.00%, 08/15/2028 (a)		325,000		335,514
Virgin Media Finance PLC, 5.00%, 07/15/2030 (a)		550,000		485,602
Vmed O2 UK Financing I PLC, 4.75%, 07/15/2031 (a)		300,000		268,164
				8,499,680
Consumer Discretionary - 19.9%
1011778 BC ULC / New Red Finance, Inc. (a)
3.50%, 02/15/2029		665,000		613,842
4.00%, 10/15/2030		400,000		359,252
Allied Universal Holdco LLC / Allied Universal Finance Corp., 9.75%, 07/15/2027 (a)		450,000		441,458
Allied Universal Holdco LLC/Allied Universal Finance Corp./Atlas Luxco 4 Sarl, 4.63%, 06/01/2028 (a)		350,000		320,247
American Airlines 2016-1 Class B Pass Through Trust, Series 2016-1, 5.25%, 01/15/2024		75,040		74,960
American Airlines, Inc./AAdvantage Loyalty IP Ltd., 5.75%, 04/20/2029 (a)		705,000		688,014
Boyd Gaming Corp., 4.75%, 06/15/2031 (a)		862,000		792,082
Caesars Entertainment, Inc. (a)
8.13%, 07/01/2027		325,000		333,380
4.63%, 10/15/2029		750,000		677,427
Carnival Corp., 7.00%, 08/15/2029 (a)		350,000		365,661
Cedar Fair LP, 5.25%, 07/15/2029		890,000		840,658
Churchill Downs, Inc., 6.75%, 05/01/2031 (a)		350,000		355,665
Clarios Global LP / Clarios US Finance Co. (a)
6.25%, 05/15/2026		245,000		245,471
6.75%, 05/15/2028		175,000		178,647
Empire Resorts, Inc., 7.75%, 11/01/2026 (a)		200,000		173,462
Fertitta Entertainment LLC / Fertitta Entertainment Finance Co., Inc. (a)
4.63%, 01/15/2029		325,000		295,183
6.75%, 01/15/2030		255,000		224,183
First Student Bidco, Inc. / First Transit Parent, Inc., 4.00%, 07/31/2029 (a)		585,000		507,871
Ford Motor Co., 3.25%, 02/12/2032		575,000		478,470
Garda World Security Corp., 7.75%, 02/15/2028 (a)		525,000		543,705
Hertz Corp., 5.00%, 12/01/2029 (a)		410,000		336,857
Hilton Grand Vacations Borrower Escrow LLC / Hilton Grand Vacations Borrower Esc (a)
5.00%, 06/01/2029		265,000		244,798
4.88%, 07/01/2031		520,000		460,929
Jacobs Entertainment, Inc., 6.75%, 02/15/2029 (a)		415,000		390,486
Las Vegas Sands Corp., 3.90%, 08/08/2029		750,000		691,993
LGI Homes, Inc., 4.00%, 07/15/2029 (a)		575,000		496,616
MajorDrive Holdings IV LLC, 6.38%, 06/01/2029 (a)		1,045,000		900,937
Marriott Ownership Resorts, Inc., 4.75%, 01/15/2028		490,000		450,538
NCL Corp. Ltd., 8.13%, 01/15/2029 (a)		125,000		130,667
PetSmart, Inc. / PetSmart Finance Corp., 4.75%, 02/15/2028 (a)		400,000		377,410
Royal Caribbean Cruises Ltd. (a)
11.63%, 08/15/2027		100,000		108,887
9.25%, 01/15/2029		200,000		215,256
7.25%, 01/15/2030		325,000		339,627
SeaWorld Parks & Entertainment, Inc., 5.25%, 08/15/2029 (a)		475,000		444,593
Six Flags Entertainment Corp., 5.50%, 04/15/2027 (a)		240,000		234,812
STL Holding Co. LLC, 7.50%, 02/15/2026 (a)		500,000		488,545
Viking Cruises Ltd. (a)
6.25%, 05/15/2025		315,000		314,353
9.13%, 07/15/2031		225,000		239,915
Viking Ocean Cruises Ship VII Ltd., 5.63%, 02/15/2029 (a)		50,000		48,793
				15,425,650
Consumer Staples - 4.6%
Albertsons Cos., Inc. / Safeway, Inc. / New Albertsons LP / Albertsons LLC (a)
5.88%, 02/15/2028		700,000		700,906
3.50%, 03/15/2029		50,000		45,458
Chobani LLC / Chobani Finance Corp., Inc. (a)
7.50%, 04/15/2025		400,000		398,342
4.63%, 11/15/2028		500,000		468,000
JBS USA LUX SA / JBS USA Food Co. / JBS USA Finance, Inc., 5.50%, 01/15/2030		250,000		245,933
Performance Food Group, Inc., 4.25%, 08/01/2029 (a)		610,000		560,110
Pilgrim's Pride Corp., 4.25%, 04/15/2031		525,000		474,843
Post Holdings, Inc., 4.63%, 04/15/2030 (a)		405,000		372,964
US Foods, Inc. (a)
4.63%, 06/01/2030		285,000		265,871
7.25%, 01/15/2032		50,000		52,198
				3,584,625
Energy - 12.0%
Antero Midstream Partners LP / Antero Midstream Finance Corp., 5.38%, 06/15/2029 (a)		935,000		899,989
Ascent Resources Utica Holdings LLC / ARU Finance Corp., 5.88%, 06/30/2029 (a)		400,000		372,571
Callon Petroleum Co., 7.50%, 06/15/2030 (a)		625,000		630,988
Civitas Resources, Inc., 8.63%, 11/01/2030 (a)		325,000		345,009
CQP Holdco LP / BIP-V Chinook Holdco LLC (a)
5.50%, 06/15/2031		465,000		441,289
7.50%, 12/15/2033		250,000		259,384
CrownRock LP / CrownRock Finance, Inc., 5.00%, 05/01/2029 (a)		319,000		311,392
Diamond Foreign Asset Co. / Diamond Finance LLC, 8.50%, 10/01/2030 (a)		425,000		434,965
Endeavor Energy Resources LP / EER Finance, Inc., 5.75%, 01/30/2028 (a)		725,000		726,137
Enerflex Ltd., 9.00%, 10/15/2027 (a)		350,000		338,000
Energy Transfer LP, 7.38%, 02/01/2031 (a)		425,000		446,913
EnLink Midstream LLC, 5.63%, 01/15/2028 (a)		500,000		494,809
EQM Midstream Partners LP
6.50%, 07/01/2027 (a)		210,000		213,960
5.50%, 07/15/2028		150,000		148,719
Genesis Energy LP / Genesis Energy Finance Corp.
7.75%, 02/01/2028		215,000		215,971
8.25%, 01/15/2029		25,000		25,746
8.88%, 04/15/2030		200,000		207,021
Kinetik Holdings LP, 6.63%, 12/15/2028 (a)		150,000		152,915
Permian Resources Operating LLC, 7.00%, 01/15/2032 (a)		25,000		25,810
Range Resources Corp., 4.75%, 02/15/2030 (a)		425,000		393,335
Targa Resources Partners LP / Targa Resources Partners Finance Corp., 4.00%, 01/15/2032		825,000		754,311
Venture Global Calcasieu Pass LLC (a)
3.88%, 08/15/2029		125,000		113,556
6.25%, 01/15/2030		25,000		24,898
4.13%, 08/15/2031		125,000		110,286
3.88%, 11/01/2033		175,000		148,513
Venture Global LNG, Inc. (a)
8.13%, 06/01/2028		325,000		328,512
9.50%, 02/01/2029		150,000		158,819
8.38%, 06/01/2031		350,000		350,346
9.88%, 02/01/2032		200,000		208,453
				9,282,617
Financials - 5.0%
Avolon Holdings Funding Ltd., 2.88%, 02/15/2025 (a)		700,000		675,718
GTCR W-2 Merger Sub LLC, 7.50%, 01/15/2031 (a)		510,000		539,260
Howard Hughes Corp., 5.38%, 08/01/2028 (a)		740,000		712,250
Iron Mountain Information Management Services, Inc., 5.00%, 07/15/2032 (a)		125,000		114,783
Iron Mountain, Inc. (a)
4.88%, 09/15/2029		305,000		289,193
4.50%, 02/15/2031		75,000		68,066
OneMain Finance Corp.
3.88%, 09/15/2028		315,000		278,953
5.38%, 11/15/2029		195,000		182,882
Park Intermediate Holdings LLC / PK Domestic Property LLC / PK Finance Co.-Issuer, 4.88%, 05/15/2029 (a)		475,000		440,202
VICI Properties LP / VICI Note Co., Inc., 4.63%, 12/01/2029 (a)		640,000		603,686
				3,904,993
Health Care - 4.8%
Avantor Funding, Inc. (a)
4.63%, 07/15/2028		460,000		444,917
3.88%, 11/01/2029		50,000		45,453
Bausch & Lomb Escrow Corp., 8.38%, 10/01/2028 (a)		125,000		132,024
Bausch Health Cos., Inc., 11.00%, 09/30/2028 (a)		296,000		215,926
Charles River Laboratories International, Inc. (a)
3.75%, 03/15/2029		100,000		91,686
4.00%, 03/15/2031		200,000		180,917
CHS/Community Health Systems, Inc. (a)
5.63%, 03/15/2027		450,000		418,699
4.75%, 02/15/2031		180,000		141,750
IQVIA, Inc., 6.50%, 05/15/2030 (a)		425,000		436,202
Medline Borrower LP, 3.88%, 04/01/2029 (a)		550,000		497,945
Star Parent, Inc., 9.00%, 10/01/2030 (a)		325,000		342,908
Tenet Healthcare Corp.
4.63%, 06/15/2028		75,000		71,620
6.13%, 10/01/2028		195,000		194,620
4.25%, 06/01/2029		115,000		107,190
4.38%, 01/15/2030		190,000		176,286
6.75%, 05/15/2031 (a)		200,000		204,660
				3,702,803
Industrials - 11.0%
BWX Technologies, Inc., 4.13%, 04/15/2029 (a)		635,000		580,126
Chart Industries, Inc. (a)
7.50%, 01/01/2030		175,000		183,137
9.50%, 01/01/2031		300,000		326,100
GFL Environmental, Inc. (a)
3.75%, 08/01/2025		300,000		293,170
4.75%, 06/15/2029		350,000		330,061
4.38%, 08/15/2029		170,000		157,080
6.75%, 01/15/2031		100,000		103,153
Husky III Holding Ltd., 13.00% (13.75% PIK), 02/15/2025 (a)		925,000		923,258
OT Merger Corp., 7.88%, 10/15/2029 (a)		1,015,000		609,076
Regal Rexnord Corp., 6.40%, 04/15/2033 (a)		850,000		886,621
Sensata Technologies BV, 4.00%, 04/15/2029 (a)		150,000		139,564
Sensata Technologies, Inc. (a)
4.38%, 02/15/2030		400,000		372,007
3.75%, 02/15/2031		500,000		441,395
Spirit AeroSystems, Inc. (a)
9.38%, 11/30/2029		475,000		520,374
9.75%, 11/15/2030		75,000		80,717
SPX FLOW, Inc., 8.75%, 04/01/2030 (a)		975,000		976,122
TK Elevator Holdco GmbH, 7.63%, 07/15/2028 (a)		250,000		245,873
TK Elevator US Newco, Inc., 5.25%, 07/15/2027 (a)		185,000		181,862
TransDigm, Inc.
5.50%, 11/15/2027		250,000		245,141
6.75%, 08/15/2028 (a)		325,000		332,908
4.88%, 05/01/2029		190,000		177,809
6.88%, 12/15/2030 (a)		175,000		180,365
7.13%, 12/01/2031 (a)		275,000		288,520
				8,574,439
Materials - 10.4% (a)
ARD Finance SA, 6.50% (7.25% PIK), 06/30/2027		297,686		139,402
Ardagh Packaging Finance PLC / Ardagh Holdings USA, Inc., 5.25%, 08/15/2027		200,000		155,608
Clydesdale Acquisition Holdings, Inc.
6.63%, 04/15/2029		125,000		123,036
8.75%, 04/15/2030		225,000		210,055
Herens Holdco Sarl, 4.75%, 05/15/2028		800,000		657,225
LABL, Inc.
6.75%, 07/15/2026		125,000		121,691
10.50%, 07/15/2027		250,000		240,044
5.88%, 11/01/2028		435,000		394,937
9.50%, 11/01/2028		25,000		25,281
8.25%, 11/01/2029		170,000		143,544
Mauser Packaging Solutions Holding Co.
7.88%, 08/15/2026		75,000		76,394
9.25%, 04/15/2027		915,000		899,115
Northern Star Resources Ltd., 6.13%, 04/11/2033		275,000		276,560
Novelis Corp.
4.75%, 01/30/2030		335,000		315,588
3.88%, 08/15/2031		275,000		242,738
Owens-Brockway Glass Container, Inc., 7.25%, 05/15/2031		375,000		380,678
Perenti Finance Pty Ltd., 6.50%, 10/07/2025		540,000		530,550
Sealed Air Corp., 6.88%, 07/15/2033		500,000		530,902
Sealed Air Corp./Sealed Air Corp. US
6.13%, 02/01/2028		225,000		227,084
7.25%, 02/15/2031		25,000		26,539
SNF Group SACA, 3.38%, 03/15/2030		485,000		417,217
South32 Treasury Ltd., 4.35%, 04/14/2032		660,000		595,392
Standard Industries, Inc./NJ
4.75%, 01/15/2028		515,000		496,140
4.38%, 07/15/2030		145,000		133,340
3.38%, 01/15/2031		75,000		64,632
TMS International Corp./DE, 6.25%, 04/15/2029		425,000		351,201
Windsor Holdings III LLC, 8.50%, 06/15/2030		300,000		313,883
				8,088,776
Technology - 3.5% (a)
Ciena Corp., 4.00%, 01/31/2030		570,000		519,757
CommScope Technologies LLC, 6.00%, 06/15/2025		275,000		224,384
CommScope, Inc., 4.75%, 09/01/2029		250,000		168,086
CoreLogic, Inc., 4.50%, 05/01/2028		210,000		184,167
Entegris Escrow Corp., 5.95%, 06/15/2030		190,000		189,070
Entegris, Inc., 4.38%, 04/15/2028		390,000		371,481
MPH Acquisition Holdings LLC
5.50%, 09/01/2028		200,000		179,311
5.75%, 11/01/2028		200,000		162,719
NCR Atleos Corp., 9.50%, 04/01/2029		200,000		212,674
Open Text Corp., 3.88%, 12/01/2029		170,000		152,635
Open Text Holdings, Inc., 4.13%, 12/01/2031		290,000		256,886
Rackspace Technology Global, Inc., 3.50%, 02/15/2028		265,000		106,690
				2,727,860
Utilities - 3.1% (a)
Calpine Corp., 5.13%, 03/15/2028		590,000		566,047
NextEra Energy Operating Partners LP, 7.25%, 01/15/2029		400,000		419,013
NRG Energy, Inc., 3.63%, 02/15/2031		400,000		344,154
Vistra Operations Co. LLC
5.50%, 09/01/2026		170,000		167,945
5.00%, 07/31/2027		325,000		316,624
4.38%, 05/01/2029		500,000		467,309
7.75%, 10/15/2031		100,000		103,934
				2,385,026
TOTAL CORPORATE BONDS (Cost $67,816,837)				66,176,469
COLLATERALIZED LOAN OBLIGATIONS - 6.5% (a)(b)	Par		Value
Benefit Street Partners CLO Ltd.
Series 2018-16A, Class E, 12.36% (3 mo. Term SOFR + 6.96%), 01/17/2032		250,000		244,676
Series 2018-5BA, Class D, 11.63% (3 mo. Term SOFR + 6.21%), 04/20/2031		250,000		245,411
CarVal CLO, Series 2019-2A, Class E, 12.12% (3 mo. Term SOFR + 6.70%), 07/20/2032		525,000		505,507
CIFC Funding Ltd., Series 2019-6A, Class E, 13.06% (3 mo. Term SOFR + 7.66%), 01/16/2033		550,000		554,020
Dryden Senior Loan Fund, Series 2018-55A, Class F, 12.86% (3 mo. Term SOFR + 7.46%), 04/15/2031		250,000		196,029
Eaton Vance Management, Series 2020-1A, Class ER, 11.91% (3 mo. Term SOFR + 6.51%), 10/15/2034		500,000		482,257
Magnetite CLO Ltd., Series 2019-22A, Class ER, 12.01% (3 mo. Term SOFR + 6.61%), 04/15/2031		500,000		500,452
Neuberger Berman CLO Ltd.
Series 2018-30A, Class ER, 11.88% (3 mo. Term SOFR + 6.46%), 01/20/2031		750,000		732,051
Series 2019-31A, Class ER, 12.18% (3 mo. Term SOFR + 6.76%), 04/20/2031		500,000		494,080
Oak Hill Credit Partners, Series 2012-7A, Class ER3, 11.88% (3 mo. Term SOFR + 6.51%), 02/20/2034		250,000		250,007
Rad CLO
Series 2018-2A, Class ER, 11.66% (3 mo. Term SOFR + 6.26%), 10/15/2031		400,000		379,952
Series 2018-2A, Class F, 13.11% (3 mo. Term SOFR + 7.71%), 10/15/2031		250,000		202,119
Trimaran CAVU LLC, Series 2021-3A, Class E, 13.03% (3 mo. Term SOFR + 7.63%), 01/18/2035		250,000		245,787
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $5,151,005)				5,032,348
BANK LOANS - 5.7% (c)	Par		Value
Consumer Discretionary - 0.6%
MIC Glen LLC, Senior Secured Second Lien 12.20% (1 mo. Term SOFR + 6.75%), 10/15/2029		250,000		243,750
Tacala Investment Corp., Senior Secured Second Lien 13.46% (1 mo. Term SOFR + 8.00%), 02/05/2028		250,000		250,079
				493,829
Health Care - 0.6%
Gainwell Acquisition Corp., Senior Secured First Lien 9.49% (3 mo. Term SOFR + 4.00%), 10/01/2027		494,898		482,526
Industrials - 1.2%
PECF USS Intermediate Holding III Corp., Senior Secured First Lien 9.69% (1 mo. Term SOFR + 4.25%), 12/15/2028		248,731		195,396
Roper Industrial Products Investment Co., Senior Secured First Lien 9.35% (1 mo. Term SOFR + 4.00%), 11/22/2029		496,256		497,963
TransDigm, Inc., Senior Secured First Lien 8.64% (1 mo. Term SOFR + 3.25%), 02/22/2027		248,744		250,098
				943,457
Materials - 0.7%
Pregis TopCo LLC, Senior Secured First Lien 9.10% (1 mo. Term SOFR + 4.00%), 08/03/2026		497,409		499,160
Technology - 2.6%
Applied Systems, Inc., Senior Secured First Lien 9.89% (3 mo. Term SOFR + 4.50%), 09/19/2026		497,494		500,376
Dun & Bradstreet Corp., Senior Secured First Lien 8.19% (1 mo. Term SOFR + 2.75%), 02/09/2026		497,364		498,998
Polaris Newco LLC, Senior Secured First Lien 9.46% (1 mo. Term SOFR + 4.00%), 06/05/2028		494,937		488,936
UKG, Inc., Senior Secured First Lien 9.22% (3 mo. Term SOFR + 3.75%), 05/03/2026		497,403		499,203
				1,987,513
TOTAL BANK LOANS (Cost $4,398,214)				4,406,485
EXCHANGE TRADED FUNDS - 0.4%	Shares		Value
iShares iBoxx $ High Yield Corporate Bond ETF		3,682		284,950
TOTAL EXCHANGE TRADED FUNDS (Cost $273,916)				284,950
ASSET-BACKED SECURITIES - 0.2%	Par		Value
American Airlines Group, Inc., Series B, 3.95%, 07/11/2030		182,000		160,169
TOTAL ASSET-BACKED SECURITIES (Cost $149,523)				160,169
COMMON STOCKS - 0.0%(d)	Shares		Value
TNT DUMMY EQUITY(e)		709		1,196
TOTAL COMMON STOCKS (Cost $264,097)				1,196
TOTAL INVESTMENTS - 98.0% (Cost $78,053,592)			$	76,061,617
Other Assets in Excess of Liabilities - 2.0%				1,585,729
TOTAL NET ASSETS - 100.0%			$	77,647,346
Percentages are stated as a percent of net assets.

PIK - Payment In Kind

PLC - Public Limited Company

SA - Sociedad Anónima

SOFR - Secured Overnight Financing 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 December 31, 2023, the value of these securities total $64,773,297 or 83.4% of the Fund’s net assets.
(b)	Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2023.
(c)	Coupon rate is variable or floats based on components including but not limited to reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of December 31, 2023.
(d)	Represents less than 0.05% of net assets.
(e)	Non-income producing security.