Aristotle Funds Series Trust NPORT-P Aristotle Portfolio Optimization Moderate Conservative Fund (Dec 2023 report)

Aristotle Portfolio Optimization Conservative Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of December 31, 2023 (Unaudited)

Transactions with Affiliates

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities or any investment in an Aristotle Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of December 31, 2023 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

											Change in
	Value,							Net			Unrealized			Value,							Shares,
	Beginning				Sales			Realized			Appreciation			End		Distributions		Interest			End
	of Period		Purchases		Proceeds			Gain (Loss)			(Depreciation)			of Period		Received		Income			of Period
Aristotle Core Equity Fund - Class I*	$	-	$	5,949,706	$	(1,588,437	)	$	76,642		$	701,191		$	5,139,102	$	-	$	16,189			443,791
Aristotle Core Income Fund - Class I**		12,954,697		75,218,986		(31,493,167	)		(938,750	)		1,029,136			56,770,902		-		2,195,814		��	5,822,657
Aristotle Floating Rate Income Fund - Class I**		4,330,270		4,536,697		(12,213,934	)		(49,644	)		5,537,756			2,141,145		213,209		(40	)		224,674
Aristotle Growth Equity Fund - Class I**		4,789,510		3,686,819		(2,038,616	)		(321,462	)		611,700			6,727,951		-		956,192			525,211
Aristotle High Yield Bond Fund - Class I**		7,722,052		2,113,674		(3,436,160	)		156,293			59,665			6,615,524		-		339,248			718,298
Aristotle International Equity Fund - Class I*		-		5,363,782		(1,042,597	)		(12,772	)		297,240			4,605,653		-		9,860			430,033
Aristotle Short Duration Income Fund - Class I**		-		31,173,829		(6,587,388	)		(5,589	)		327,637			24,908,489		-		860,764			2,458,883
PF Emerging Markets Debt - Class P		4,262,568		-		(4,288,599	)		(190,882	)		216,913			-		-		-			-
PF Emerging Markets - Class P		1,738,909		4,100		(1,773,206	)		29,682			515			-		4,100		-			-
PF Inflation Managed - Class P		7,619,544		-		(7,654,866	)		(3,113	)		38,435			-		-		-			-
PF International Growth - Class P		437,993		-		(447,418	)		25,019			(15,594	)		-		-		-			-
PF International Value - Class P		2,031,157		5,737		(2,086,599	)		118,011			(68,306	)		-		5,737		-			-
PF Large-Cap Value - Class P		8,065,481		598,679		(8,181,605	)		411,085			(893,640	)		-		598,679		-			-
PF Managed Bond - Class P		66,252,605		27,221		(66,282,212	)		(6,755,359	)		6,757,745			-		27,221		-			-
PF Multi-Asset - Class P		18,929,165		385,685		(19,092,906	)		(210,000	)		(11,944	)		-		385,685		-			-
PF Real Estate - Class P		1,784,671		44,744		(1,767,173	)		(406,727	)		344,485			-		44,744		-			-
PF Short Duration Bond - Class P		28,627,493		242,408		(28,661,091	)		(821,095	)		612,285			-		242,408		-			-
PF Small-Cap Value - Class P		870,939		48,916		(860,903	)		42,416			(101,368	)		-		48,916		-			-
	$	170,417,054	$	129,400,983	$	(199,496,877	)	$	(8,856,245	)	$	15,443,851		$	106,908,766	$	1,570,699	$	4,378,027		$	10,623,547

*The Aristotle Core Equity Fund Class I and the Aristotle International Equity Fund Class I reflect activity from the inception date of April 17, 2023 through December 31, 2023.

**Effective April 17, 2023, the Pacific Funds Core Income Class P, Pacific Funds Floating Rate Income Class P, Pacific Funds High Income Class P, PF Growth Fund Class P, and the Pacific Funds Short Duration Income Class I converted to the Aristotle Core Income Fund Class I, Aristotle Floating Rate Income Fund Class I, Aristotle High Yield Bond Fund Class I, Aristotle Growth Equity Fund Class I, and the Aristotle Short Duration Income Class I, respectively.

Aristotle Portfolio Optimization Moderate Conservative Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of December 31, 2023 (Unaudited)

Transactions with Affiliates

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities or any investment in an Aristotle Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of December 31, 2023 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

											Change in
	Value,							Net			Unrealized			Value,						Shares,
	Beginning				Sales			Realized			Appreciation			End		Distributions		Interest		End
	of Period		Purchases		Proceeds			Gain (Loss)			(Depreciation)			of Period		Received		Income		of Period
Aristotle Core Equity Fund - Class I*	$	-	$	15,255,380	$	(3,452,844	)	$	173,550		$	1,892,294		$	13,868,380	$	-	$	43,707		1,197,615
Aristotle Core Income Fund - Class I**		14,499,588		86,418,811		(33,803,958	)		(971,514	)		1,040,029			67,182,956		-		2,564,664		6,890,560
Aristotle Floating Rate Income Fund - Class I**		5,816,367		2,666,355		(5,503,560	)		(45,332	)		107,689			3,041,519		273,669		-		319,152
Aristotle Growth Equity Fund - Class I**		7,749,474		11,890,381		(5,342,896	)		(966,800	)		2,814,056			16,144,215		-		2,288,445		1,260,282
Aristotle High Yield Bond Fund - Class I**		10,412,163		813,528		(2,140,219	)		(174,730	)		484,337			9,395,079		-		489,182		1,020,095
Aristotle International Equity Fund - Class I*		-		17,581,952		(4,247,357	)		(90,002	)		926,721			14,171,314		-		30,351		1,323,185
Aristotle Short Duration Income Fund - Class I**		-		27,916,974		(6,942,927	)		(19,500	)		275,390			21,229,937		-		730,456		2,095,749
PF Emerging Markets Debt - Class P		5,747,558		-		(5,782,667	)		(330,238	)		365,347			-		-		-		-
PF Emerging Markets - Class P		4,689,335		11,090		(4,782,006	)		112,463			(30,882	)		-		11,090		-		-
PF Inflation Managed - Class P		7,990,966		-		(8,027,966	)		(121,119	)		158,119			-		-		-		-
PF International Growth - Class P		1,889,805		-		(1,930,575	)		(53,783	)		94,553			-		-		-		-
PF International Value - Class P		4,286,594		12,144		(4,403,881	)		642,666			(537,523	)		-		12,144		-		-
PF Large-Cap Value - Class P		11,111,311		827,301		(11,271,486	)		1,235,162			(1,902,288	)		-		827,301		-		-
PF Managed Bond - Class P		74,124,307		30,553		(74,157,088	)		(8,504,844	)		8,507,072			-		30,553		-		-
PF Multi-Asset - Class P		50,808,832		1,036,925		(51,249,117	)		(2,849,597	)		2,252,957			-		1,036,925		-		-
PF Real Estate - Class P		3,609,425		90,770		(3,573,953	)		(131,902	)		5,660			-		90,770		-		-
PF Short Duration Bond - Class P		26,112,623		221,828		(26,143,257	)		(432,625	)		241,431			-		221,828		-		-
PF Small-Cap Growth - Class P		1,187,130		-		(1,193,631	)		54,583			(48,082	)		-		-		-		-
PF Small-Cap Value - Class P		1,174,317		66,163		(1,160,789	)		(118,041	)		38,350			-		66,163		-		-
	$	231,209,795	$	164,840,155	$	(255,110,177	)	$	(12,591,603	)	$	16,685,231		$	145,033,400	$	2,570,443	$	6,146,805		14,106,638

*The Aristotle Core Equity Fund Class I and the Aristotle International Equity Fund Class I reflect activity from the inception date of April 17, 2023 through December 31, 2023.

**Effective April 17, 2023, the Pacific Funds Core Income Class P, Pacific Funds Floating Rate Income Class P, Pacific Funds High Income Class P, PF Growth Fund Class P, and the Pacific Funds Short Duration Income Class I converted to the Aristotle Core Income Fund Class I, Aristotle Floating Rate Income Fund Class I, Aristotle High Yield Bond Fund Class I, Aristotle Growth Equity Fund Class I, and the Aristotle Short Duration Income Class I, respectively.

Aristotle Portfolio Optimization Moderate Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of December 31, 2023 (Unaudited)

Transactions with Affiliates

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities or any investment in an Aristotle Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of December 31, 2023 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

											Change in
	Value,							Net			Unrealized			Value,						Shares,
	Beginning				Sales			Realized			Appreciation			End		Distributions		Interest		End
	of Period		Purchases		Proceeds			Gain (Loss)			(Depreciation)			of Period		Received		Income		of Period
Aristotle Core Equity Fund - Class I*	$	-	$	85,059,617	$	(17,006,092	)	$	838,081		$	10,873,907		$	79,765,513	$	-	$	250,572		6,888,214
Aristotle Core Income Fund - Class I**		28,717,154		186,932,739		(80,974,044	)		(2,270,192	)		2,280,119			134,685,776		-		5,134,415		13,813,926
Aristotle Floating Rate Income Fund - Class I**		11,594,443		12,116,082		(20,252,731	)		(92,980	)		94,931			3,459,745		417,647		-		363,037
Aristotle Growth Equity Fund - Class I**		71,501,607		49,131,240		(17,354,033	)		(10,404	)		3,001,570			106,269,980		-		15,024,965		8,295,861
Aristotle High Yield Bond Fund - Class I**		26,801,969		5,994,478		(8,716,857	)		(899,364	)		1,755,820			24,936,046		-		1,266,609		2,707,497
Aristotle International Equity Fund - Class I*		-		69,556,331		(10,410,558	)		(92,787	)		4,162,609			63,215,595		-		134,953		5,902,483
Aristotle Short Duration Income Fund - Class I**		-		115,015,385		(26,442,670	)		(50,387	)		1,161,782			89,684,110		-		3,140,811		8,853,318
PF Emerging Markets Debt - Class P		11,413,082		-		(11,482,790	)		(529,619	)		599,327			-		-		-		-
PF Emerging Markets - Class P		15,519,324		36,730		(15,826,439	)		1,414,556			(1,144,171	)		-		36,730		-		-
PF Inflation Managed - Class P		11,334,388		-		(11,386,843	)		(828,358	)		880,813			-		-		-		-
PF International Growth - Class P		5,472,496		-		(5,590,629	)		(191,291	)		309,424			-		-		-		-
PF International Value - Class P		17,338,697		49,156		(17,813,375	)		2,237,826			(1,812,304	)		-		49,156		-		-
PF Large-Cap Value - Class P		61,418,565		4,576,145		(62,304,855	)		3,329,110			(7,018,965	)		-		4,576,145		-		-
PF Managed Bond - Class P		148,020,343		61,056		(148,084,541	)		(16,028,581	)		16,031,723			-		61,056		-		-
PF Multi-Asset - Class P		231,986,731		4,736,523		(233,998,405	)		(17,456,273	)		14,731,424			-		4,736,523		-		-
PF Real Estate - Class P		11,945,415		300,613		(11,828,135	)		594,586			(1,012,479	)		-		300,613		-		-
PF Short Duration Bond - Class P		101,452,141		862,454		(101,570,696	)		(1,385,850	)		641,951			-		862,454		-		-
PF Small-Cap Growth - Class P		7,857,717		-		(7,900,968	)		1,662,931			(1,619,680	)		-		-		-		-
PF Small-Cap Value - Class P		7,772,921		438,260		(7,683,549	)		(964,206	)		436,574			-		438,260		-		-
	$	770,146,993	$	534,866,809	$	(816,628,210	)	$	(30,723,202	)	$	44,354,375		$	502,016,765	$	11,478,584	$	24,952,325		46,824,336

*The Aristotle Core Equity Fund Class I and the Aristotle International Equity Fund Class I reflect activity from the inception date of April 17, 2023 through December 31, 2023.

**Effective April 17, 2023, the Pacific Funds Core Income Class P, Pacific Funds Floating Rate Income Class P, Pacific Funds High Income Class P, PF Growth Fund Class P, and the Pacific Funds Short Duration Income Class I converted to the Aristotle Core Income Fund Class I, Aristotle Floating Rate Income Fund Class I, Aristotle High Yield Bond Fund Class I, Aristotle Growth Equity Fund Class I, and the Aristotle Short Duration Income Class I, respectively.

Aristotle Portfolio Optimization Growth Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of December 31, 2023 (Unaudited)

Transactions with Affiliates

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities or any investment in an Aristotle Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of December 31, 2023 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

											Change in
	Value,							Net			Unrealized			Value,						Shares,
	Beginning				Sales			Realized			Appreciation			End		Distributions		Interest		End
	of Period		Purchases		Proceeds			Gain (Loss)			(Depreciation)			of Period		Received		Income		of Period
Aristotle Core Equity Fund - Class I*	$	-	$	85,233,156	$	(16,418,013	)	$	746,139		$	10,972,970		$	80,534,252	$	-	$	252,858		6,954,599
Aristotle Core Income Fund - Class I**		13,315,995		89,009,287		(39,697,452	)		(954,083	)		939,852			62,613,599		-		2,374,471		6,421,908
Aristotle Floating Rate Income Fund - Class I**		6,665,130		10,230,182		(16,815,248	)		(74,341	)		(5,723	)		-		152,760		4,322		-
Aristotle Growth Equity Fund - Class I**		33,067,190		80,816,936		(19,528,858	)		437,761			2,505,468			97,298,497		-		13,667,627		7,595,511
Aristotle High Yield Bond Fund - Class I**		13,164,279		1,730,618		(2,842,046	)		(255,181	)		657,218			12,454,888		-		639,022		1,352,322
Aristotle International Equity Fund - Class I*		-		93,769,831		(14,726,773	)		(138,921	)		5,574,318			84,478,455		-		180,252		7,887,811
Aristotle Short Duration Income Fund - Class I**		-		76,003,814		(25,320,301	)		(86,709	)		663,848			51,260,652		-		1,870,240		5,060,282
PF Emerging Markets Debt - Class P		6,540,091		-		(6,580,039	)		(303,577	)		343,525			-		-		-		-
PF Emerging Markets - Class P		23,344,619		55,196		(23,806,247	)		1,434,154			(1,027,722	)		-		55,196		-		-
PF Inflation Managed - Class P		6,494,874		-		(6,524,929	)		(433,315	)		463,370			-		-		-		-
PF International Growth - Class P		4,031,950		-		(4,118,903	)		(713,270	)		800,223			-		-		-		-
PF International Small-Cap - Class P		6,682,683		89,639		(6,764,403	)		818,793			(826,712	)		-		89,639		-		-
PF International Value - Class P		14,226,516		40,294		(14,615,623	)		5,629,466			(5,280,653	)		-		40,294		-		-
PF Large-Cap Value - Class P		29,591,040		2,202,620		(30,017,792	)		4,827,973			(6,603,841	)		-		2,202,620		-		-
PF Managed Bond - Class P		67,488,648		27,810		(67,517,791	)		(5,155,017	)		5,156,350			-		27,810		-		-
PF Multi-Asset - Class P		337,761,631		6,896,653		(340,690,424	)		(48,485,553	)		44,517,693			-		6,896,653		-		-
PF Real Estate - Class P		10,267,646		258,144		(10,166,923	)		5,595,053			(5,953,920	)		-		258,144		-		-
PF Short Duration Bond - Class P		61,364,329		521,135		(61,435,997	)		(626,165	)		176,698			-		521,135		-		-
PF Small-Cap Growth - Class P		13,508,206		-		(13,582,266	)		1,511,430			(1,437,370	)		-		-		-		-
PF Small-Cap Value - Class P		20,043,904		1,129,003		(19,813,252	)		(1,687,318	)		327,663			-		1,129,003		-		-
	$	667,558,731	$	448,014,318	$	(740,983,280	)	$	(37,912,681	)	$	51,963,255		$	388,640,343	$	11,373,254	$	18,988,792		35,272,433

*The Aristotle Core Equity Fund Class I and the Aristotle International Equity Fund Class I reflect activity from the inception date of April 17, 2023 through December 31, 2023.

**Effective April 17, 2023, the Pacific Funds Core Income Class P, Pacific Funds Floating Rate Income Class P, Pacific Funds High Income Class P, PF Growth Fund Class P, and the Pacific Funds Short Duration Income Class I converted to the Aristotle Core Income Fund Class I, Aristotle Floating Rate Income Fund Class I, Aristotle High Yield Bond Fund Class I, Aristotle Growth Equity Fund Class I, and the Aristotle Short Duration Income Class I, respectively.

Aristotle Portfolio Optimization Aggressive Growth Fund

NOTES TO SCHEDULE OF INVESTMENTS

As of December 31, 2023 (Unaudited)

Transactions with Affiliates

An affiliated issuer is an entity in which the Fund has ownership of at least 5% of the voting securities or any investment in an Aristotle Fund. Issuers that are affiliates of the Fund at period-end are noted in the Fund’s Schedule of Investments. Additional security purchases and the reduction of certain securities shares outstanding of existing portfolio holdings that were not considered affiliated in prior years may result in the Fund owning in excess of 5% of the outstanding shares at period-end. The table below reflects transactions during the period with entities that are affiliates as of December 31, 2023 and may include acquisitions of new investments, prior year holdings that became affiliated during the period and prior period affiliated holdings that are no longer affiliated as of period-end.

											Change in
	Value,							Net			Unrealized			Value,							Shares,
	Beginning				Sales			Realized			Appreciation			End		Distributions		Interest			End
	of Period		Purchases		Proceeds			Gain (Loss)			(Depreciation)			of Period		Received		Income			of Period
Aristotle Core Equity Fund - Class I*	$	-	$	44,544,390	$	(8,623,043	)	$	398,522		$	5,737,823		$	42,057,692	$	-	$	132,704			3,631,925
Aristotle Core Income Fund - Class I**		1,937,451		12,995,662		(5,914,982	)		(109,983	)		157,487			9,065,635		-		343,114			929,809
Aristotle Floating Rate Income Fund - Class I**		1,329,126		2,718,944		(4,028,234	)		(18,428	)		(1,408	)		-		37,157		(2,630	)		-
Aristotle Growth Equity Fund - Class I**		29,090,122		23,969,095		(12,811,899	)		(266,651	)		2,243,430			42,224,097		-		6,052,576			3,296,182
Aristotle High Yield Bond Fund - Class I**		2,617,630		3,026,756		(2,029,777	)		222			141,356			3,756,187		-		167,376			407,838
Aristotle International Equity Fund - Class I*		-		40,327,337		(9,779,614	)		(29,851	)		2,171,942			32,689,814		-		70,099			3,052,270
Aristotle Short Duration Income Fund - Class I**		-		13,451,273		(2,680,816	)		(2,038	)		141,691			10,910,110		-		369,936			1,077,010
PF Emerging Markets Debt Fund - Class P		2,600,912		-		(2,616,806	)		(89,064	)		104,958			-		-		-			-
PF Emerging Markets Fund - Class P		10,609,946		24,943		(10,819,118	)		758,106			(573,877	)		-		24,943		-			-
PF International Growth Fund - Class P		6,948,122		-		(7,097,225	)		(1,089,917	)		1,239,020			-		-		-			-
PF International Small-Cap Fund - Class P		3,986,358		53,163		(4,034,761	)		534,949			(539,709	)		-		53,163		-			-
PF International Value Fund - Class P		4,310,449		12,140		(4,427,869	)		2,103,067			(1,997,787	)		-		12,140		-			-
PF Large-Cap Value Fund - Class P		19,924,701		1,474,684		(20,211,374	)		1,033,266			(2,221,277	)		-		1,474,684		-			-
PF Managed Bond Fund - Class P		9,631,621		3,945		(9,635,757	)		(21,249	)		21,440			-		3,945		-			-
PF Multi-Asset Fund - Class P		133,912,215		2,729,107		(135,070,929	)		(23,036,651	)		21,466,258			-		2,729,107		-			-
PF Real Estate Fund - Class P		6,805,298		170,132		(6,738,867	)		2,063,988			(2,300,551	)		-		170,132		-			-
PF Short Duration Bond Fund - Class P		11,559,924		97,588		(11,573,418	)		(158,588	)		74,494			-		97,588		-			-
PF Small-Cap Growth Fund - Class P		9,400,788		-		(9,451,705	)		(652,278	)		703,195			-		-		-			-
PF Small-Cap Value Fund - Class P		11,956,432		669,539		(11,818,873	)		(1,443,791	)		636,693			-		669,539		-			-
	$	266,621,095	$	146,268,698	$	(279,365,067	)	$	(20,026,369	)	$	27,205,178		$	140,703,535	$	5,272,398	$	7,133,175			12,395,034

*The Aristotle Core Equity Fund Class I and the Aristotle International Equity Fund Class I reflect activity from the inception date of April 17, 2023 through December 31, 2023.

**Effective April 17, 2023, the Pacific Funds Core Income Class P, Pacific Funds Floating Rate Income Class P, Pacific Funds High Income Class P, PF Growth Fund Class P, and the Pacific Funds Short Duration Income Class I converted to the Aristotle Core Income Fund Class I, Aristotle Floating Rate Income Fund Class I, Aristotle High Yield Bond Fund Class I, Aristotle Growth Equity Fund Class I, and the Aristotle Short Duration Income Class I, respectively.