Aristotle Funds Series Trust NPORT-P Aristotle Ultra Short Income Fund (Dec 2023 report)

Aristotle Ultra Short Income Fund

Schedule of Investments

as of December 31, 2023 (Unaudited)

CORPORATE BONDS - 53.7%	Par		Value
Communications - 2.9%
Charter Communications Operating LLC / Charter Communications Operating Capital, 7.29% (3 mo. Term SOFR + 1.91%), 02/01/2024 (a)	$	500,000	$	500,000
Discovery Communications LLC, 3.90%, 11/15/2024		400,000		394,573
Sprint Spectrum Co. LLC / Sprint Spectrum Co. II LLC / Sprint Spectrum Co. III LLC, 4.74%, 03/20/2025 (b)		581,875		577,132
				1,471,705

Consumer Discretionary - 2.7%
British Airways 2019-1 Class A Pass Through Trust, Series PTT, 3.35%, 06/15/2029 (b)		61,576			55,828
DR Horton, Inc., 2.50%, 10/15/2024		200,000			195,274
Ford Motor Credit Co. LLC, 3.66%, 09/08/2024		200,000			196,905
Marriott International, Inc./MD, 3.60%, 04/15/2024		500,000			497,572
Meritage Homes Corp., 6.00%, 06/01/2025		408,000			407,376
					1,352,955
Consumer Staples - 1.5% (b)
JDE Peet's NV, 0.80%, 09/24/2024		500,000			481,068
Suntory Holdings Ltd., 2.25%, 10/16/2024		300,000			292,096
					773,164
Energy - 2.6%
Energy Transfer LP, 4.50%, 04/15/2024		300,000			298,933
Enterprise Products Operating LLC, 3.90%, 02/15/2024		200,000			199,559
MPLX LP, 4.88%, 12/01/2024		300,000			298,457
TransCanada PipeLines Ltd., 6.20%, 03/09/2026		500,000			499,995
					1,296,944
Financials - 31.1%
AerCap Ireland Capital DAC / AerCap Global Aviation Trust, 3.15%, 02/15/2024		200,000			199,224
Air Lease Corp., 4.25%, 02/01/2024		200,000			199,692
Athene Global Funding, 1.00%, 04/16/2024 (b)		400,000			393,851
Avolon Holdings Funding Ltd., 3.95%, 07/01/2024 (b)		300,000			296,075
Bank of America Corp.
4.00%, 01/22/2025		500,000			493,639
3.46% to 03/15/2024 then 3 mo. Term SOFR + 1.23%, 03/15/2025		500,000			497,689
6.04% (SOFR + 0.69%), 04/22/2025 (a)		500,000			500,013
Bank of Montreal, 6.30% (SOFR + 0.95%), 09/25/2025 (a)		500,000			500,607
Citigroup, Inc.
6.05% (SOFR + 0.69%), 10/30/2024 (a)		500,000			500,343
3.35% to 04/24/2024 then 3 mo. Term SOFR + 1.16%, 04/24/2025		500,000			496,284
6.93% (SOFR + 1.53%), 03/17/2026 (a)		250,000			251,774
DAE Funding LLC, 1.55%, 08/01/2024 (b)		200,000			194,892
Essex Portfolio LP, 3.88%, 05/01/2024		400,000			397,729
GLP Capital LP / GLP Financing II, Inc., 3.35%, 09/01/2024		200,000			197,526
Goldman Sachs Group, Inc.
3.63%, 02/20/2024		400,000			398,791
6.05% (SOFR + 0.70%), 01/24/2025 (a)		500,000			499,813
3.50%, 04/01/2025		200,000			195,609
Host Hotels & Resorts LP, 3.88%, 04/01/2024		600,000			596,888
HSBC Holdings PLC
3.80% to 03/11/2024 then 3 mo. Term SOFR + 1.47%, 03/11/2025		200,000			199,208
4.18% to 12/09/2024 then SOFR + 1.51%, 12/09/2025		200,000			197,362
JPMorgan Chase & Co.
3.85% to 06/14/2024 then SOFR + 0.98%, 06/14/2025		500,000			496,097
5.55% to 12/15/2024 then SOFR + 1.07%, 12/15/2025		500,000			500,503
6.31% (SOFR + 0.92%), 02/24/2026 (a)		850,000			850,639
LeasePlan Corp. NV, 2.88%, 10/24/2024 (b)		200,000			195,552
Mitsubishi UFJ Financial Group, Inc.
3.41%, 03/07/2024		500,000			497,998
6.70% (SOFR + 1.39%), 09/12/2025 (a)		500,000			501,626
Morgan Stanley
0.79% to 01/22/2024 then SOFR + 0.51%, 01/22/2025		300,000			299,126
3.62% to 04/17/2024 then SOFR + 1.16%, 04/17/2025		1,000,000			994,170
Penske Truck Leasing Co. Lp / PTL Finance Corp., 2.70%, 11/01/2024 (b)		350,000			340,593
Reliance Standard Life Global Funding II, 2.50%, 10/30/2024 (b)		315,000			306,708
Royal Bank of Canada
3.97%, 07/26/2024		452,000			448,349
4.95%, 04/25/2025		500,000			500,481
Sumitomo Mitsui Financial Group, Inc., 2.70%, 07/16/2024		300,000			295,687
Svenska Handelsbanken AB, 6.30% (SOFR + 0.91%), 06/10/2025 (a)(b)		250,000			250,511
Toronto-Dominion Bank, 4.29%, 09/13/2024		250,000			248,063
UBS Group AG
3.75%, 03/26/2025		250,000			245,129
4.49% to 08/05/2024 then 1 Year CMT Rate + 1.60%, 08/05/2025 (b)		200,000			198,550
Ventas Realty LP, 2.65%, 01/15/2025		150,000			145,542
VICI Properties LP / VICI Note Co., Inc., 5.63%, 05/01/2024 (b)		500,000			498,685
Wells Fargo Bank NA, 6.15% (SOFR + 0.80%), 08/01/2025 (a)		500,000			501,504
Welltower OP LLC, 3.63%, 03/15/2024		200,000			199,067
					15,721,589
Industrials - 4.1%
Allegion US Holding Co., Inc., 3.20%, 10/01/2024		500,000			490,196
Daimler Truck Finance North America LLC, 6.35% (SOFR + 1.00%), 04/05/2024 (a)(b)		500,000			500,530
Element Fleet Management Corp., 1.60%, 04/06/2024 (b)		500,000			493,718
Parker-Hannifin Corp., 3.65%, 06/15/2024		200,000			198,144
Regal Rexnord Corp., 6.05%, 02/15/2026 (b)		200,000			202,256
Ryder System, Inc., 3.65%, 03/18/2024		200,000			199,054
					2,083,898
Materials - 1.0% (b)
Anglo American Capital PLC, 3.63%, 09/11/2024		400,000			393,726
Graphic Packaging International LLC, 0.82%, 04/15/2024		91,000			89,793
					483,519
Pipeline - 0.6%
Energy Transfer LP, 4.05%, 03/15/2025		300,000			295,387
Technology - 2.5%
Arrow Electronics, Inc., 6.13%, 03/01/2026		200,000			200,254
Broadcom Corp. / Broadcom Cayman Finance Ltd., 3.63%, 01/15/2024		200,000			199,820
Infor, Inc., 1.75%, 07/15/2025 (b)		500,000			471,693
TD SYNNEX Corp., 1.25%, 08/09/2024		400,000			389,972
					1,261,739
Utilities - 4.7%
DTE Energy Co. (c)
2.53%, 10/01/2024		200,000			195,411
4.22%, 11/01/2024		150,000			148,339
Emera US Finance LP, 0.83%, 06/15/2024		150,000			146,243
Jersey Central Power & Light Co., 4.70%, 04/01/2024 (b)		410,000			408,590
NextEra Energy Capital Holdings, Inc., 6.05%, 03/01/2025		450,000			454,289
Sempra Energy, 3.30%, 04/01/2025		300,000			292,920
Southern California Edison Co., 6.22% (SOFR + 0.83%), 04/01/2024 (a)		200,000			200,063
Tampa Electric Co., 3.88%, 07/12/2024		150,000			148,618
Tri-State Generation and Transmission Association, Inc., 3.70%, 11/01/2024		200,000			196,202
Vistra Operations Co. LLC, 4.88%, 05/13/2024 (b)		200,000			199,120
					2,389,795
TOTAL CORPORATE BONDS (Cost $27,078,828)					27,130,695
COLLATERALIZED LOAN OBLIGATIONS - 23.2% (b)(d)	Par		Value
Blackstone, Inc.
Series 2018-1A, Class A1, 6.69% (3 mo. Term SOFR + 1.29%), 04/15/2031		246,389			246,587
Series 2018-1A, Class A2, 6.67% (3 mo. Term SOFR + 1.27%), 04/15/2031		246,389			246,572
CIFC Funding Ltd.
Series 2015-3A, Class AR, 6.53% (3 mo. Term SOFR + 1.13%), 04/19/2029		251,883			251,654
Series 2018-1A, Class A, 6.66% (3 mo. Term SOFR + 1.26%), 04/18/2031		348,480			348,984
Series 2018-3A, Class A, 6.76% (3 mo. Term SOFR + 1.36%), 07/18/2031		249,957			250,408
Magnetite CLO Ltd.
Series 2012-7A, Class A1R2, 6.46% (3 mo. Term SOFR + 1.06%), 01/15/2028		134,911			134,891
Series 2014-8A, Class AR2, 6.64% (3 mo. Term SOFR + 1.24%), 04/15/2031		1,370,785			1,371,759
Series 2015-12A, Class ARR, 6.76% (3 mo. Term SOFR + 1.36%), 10/15/2031		1,700,000			1,701,597
Series 2015-14RA, Class A1, 6.78% (3 mo. Term SOFR + 1.38%), 10/18/2031		500,000			500,127
Series 2016-17A, Class AR, 6.78% (3 mo. Term SOFR + 1.36%), 07/20/2031		995,613			995,646
Series 2016-18A, Class AR2, 6.52% (3 mo. Term SOFR + 1.14%), 11/15/2028		677,902			677,911
Series 2020-25A, Class A, 6.84% (3 mo. Term SOFR + 1.46%), 01/25/2032		250,000			250,327
Magnetite Xxix Ltd., Series 2021-29A, Class A, 6.65% (3 mo. Term SOFR + 1.25%), 01/15/2034		2,115,000			2,115,036
Neuberger Berman CLO Ltd.
Series 2017-26A, Class AR, 6.58% (3 mo. Term SOFR + 1.18%), 10/18/2030		432,840			432,378
Series 2020-37A, Class AR, 6.65% (3 mo. Term SOFR + 1.23%), 07/20/2031		300,000			300,372
OCP CLO Ltd., Series 2017-13A, Class A1AR, 6.62% (3 mo. Term SOFR + 1.22%), 07/15/2030		242,676			242,623
Palmer Square CLO Ltd.
Series 2018-1A, Class A1, 6.69% (3 mo. Term SOFR + 1.29%), 04/18/2031		195,054			195,387
Series 2018-2A, Class A1A, 6.76% (3 mo. Term SOFR + 1.36%), 07/16/2031		231,471			231,825
Palmer Square Loan Funding Ltd.
Series 2021-2A, Class A1, 6.43% (3 mo. Term SOFR + 1.06%), 05/20/2029		132,479			132,271
Series 2021-3A, Class A1, 6.48% (3 mo. Term SOFR + 1.06%), 07/20/2029		134,073			133,938
Series 2021-4A, Class A1, 6.46% (3 mo. Term SOFR + 1.06%), 10/15/2029		165,051			164,824
Series 2022-1A, Class A1, 6.44% (3 mo. Term SOFR + 1.05%), 04/15/2030		377,322			376,667
Stratus CLO Ltd.
Series 2021-1A, Class A, 6.48% (3 mo. Term SOFR + 1.06%), 12/29/2029		167,511			167,352
Series 2021-3A, Class A, 6.63% (3 mo. Term SOFR + 1.21%), 12/29/2029		206,885			206,643
Voya CLO Ltd., Series 2015-1A, Class A1R, 6.56% (3 mo. Term SOFR + 1.16%), 01/18/2029		57,864			57,890
TOTAL COLLATERALIZED LOAN OBLIGATIONS (Cost $11,662,582)					11,733,669
ASSET-BACKED SECURITIES - 8.7%	Par		Value
Ally Auto Receivables Trust, Series 2022-2, Class A3, 4.76%, 05/17/2027		146,000			145,090
AmeriCredit Automobile Receivables Trust
Series 2022-2, Class A2A, 4.20%, 12/18/2025		36,840			36,711
Series 2023-1, Class A2A, 5.84%, 10/19/2026		105,137			105,059
BA Credit Card Trust, Series 2023-A2, Class A2, 4.98%, 11/15/2028		750,000			759,659
Bank of America Auto Trust, Series 2023-2A, Class A2, 5.85%, 08/17/2026 (b)		500,000			501,981
British Airways PLC, Series 2013-1, 4.63%, 06/20/2024 (b)		220,245			218,340
Delta Air Lines, Inc., Series 2019-1, 3.20%, 04/25/2024		600,000			595,707
Ford Credit Auto Owner Trust, Series 2022-B, Class A2A, 3.44%, 02/15/2025		16,219			16,198
General Motors Financial Co., Inc., Series 2020-3, Class B, 0.76%, 12/18/2025		143,331			142,057
Hilton Grand Vacations, Inc., Series 2020-AA, Class A, 2.74%, 02/25/2039 (b)		31,567			29,944
Navient Student Loan Trust (b)
Series 2019-FA, Class A2, 2.60%, 08/15/2068		102,269			95,812
Series 2020-2A, Class A1A, 1.32%, 08/26/2069		89,179			78,529
Series 2020-EA, Class A, 1.69%, 05/15/2069		77,766			69,696
Series 2020-FA, Class A, 1.22%, 07/15/2069		119,456			107,822
Series 2020-HA, Class A, 1.31%, 01/15/2069		69,091			63,986
Series 2021-1A, Class A1B, 6.05% (30 day avg SOFR US + 0.71%), 12/26/2069 (d)		94,391			92,193
Series 2021-A, Class A, 0.84%, 05/15/2069		75,126			66,165
Series 2021-CA, Class A, 1.06%, 10/15/2069		135,334			117,012
Santander Consumer USA Holdings, Inc., Series 2023-3, Class A2, 6.08%, 08/17/2026		120,173			120,195
Santander Consumer USA, Inc.
Series 2022-7, Class A2, 5.81%, 01/15/2026		104,542			104,519
Series 2023-1, Class A2, 5.36%, 05/15/2026		152,578			152,174
SMB Private Education Loan Trust (b)
Series 2016-A, Class A2A, 2.70%, 05/15/2031		34,330			33,890
Series 2016-B, Class A2A, 2.43%, 02/17/2032		19,328			18,908
Series 2016-C, Class A2A, 2.34%, 09/15/2034		60,573			59,267
SoFi Professional Loan Program LLC, Series 2018-B, Class A2FX, 3.34%, 08/25/2047 (b)		152,849			148,476
United Airlines, Inc., Series A, 4.00%, 10/29/2024		502,797			496,122
TOTAL ASSET-BACKED SECURITIES (Cost $4,428,035)					4,375,512
BANK LOANS - 7.4% (a)	Par		Value
Communications - 1.7%
Charter Communications Operating LLC, Senior Secured First Lien, 7.07% (1 mo. Term SOFR + 1.75%), 02/01/2027		483,627			484,234
SBA Senior Finance II LLC, Senior Secured First Lien, 7.20% (1 mo. Term SOFR + 1.75%), 04/11/2025		396,332			397,428
					881,662
Consumer Discretionary - 2.8%
Hilton Domestic Operating Co., Inc., Senior Secured First Lien, 7.21% (1 mo. Term SOFR + 2.00%), 11/08/2030		250,000			250,755
Hilton Grand Vacations Borrower LLC, Senior Secured First Lien, 8.21% (1 mo. Term SOFR + 3.00%), 08/02/2028		498,728			499,663
Mileage Plus Holdings LLC, Senior Secured First Lien, 10.80% (3 mo. Term SOFR + 5.25%), 06/21/2027		388,889			402,778
SeaWorld Parks & Entertainment, Inc., Senior Secured First Lien, 8.46% (1 mo. Term SOFR + 3.00%), 08/25/2028		244,375			245,169
					1,398,365
Financials - 1.3%
Avolon TLB Borrower 1 US LLC, Senior Secured First Lien, 7.86% (1 mo. Term SOFR + 2.50%), 06/22/2028		138,296			138,768
Delos Aircraft Leasing DAC, Senior Secured First Lien, 7.35% (1 mo. Term SOFR + 2.00%), 10/31/2027		500,000			502,625
					641,393
Industrials - 1.1%
GFL Environmental, Inc., Senior Secured First Lien, 7.91% (1 mo. Term SOFR + 2.50%), 05/31/2027		70,096			70,438
United Rentals North America, Inc., Senior Secured First Lien, 7.10% (1 mo. Term SOFR + 1.75%), 10/31/2025		483,461			485,636
					556,074
Materials - 0.5%
Asplundh Tree Expert LLC, Senior Secured First Lien, 7.20% (1 mo. Term SOFR + 1.75%), 09/06/2027		242,500			243,074
TOTAL BANK LOANS (Cost $3,705,810)					3,720,568
U.S. TREASURY OBLIGATIONS - 4.3%	Par		Value
United States Treasury Note/Bond
2.50%, 05/15/2024		900,000			891,226
0.38%, 08/15/2024		500,000			485,679
3.88%, 04/30/2025		300,000			297,352
5.00%, 10/31/2025		500,000			505,762
TOTAL U.S. TREASURY OBLIGATIONS (Cost $2,179,267)					2,180,019
TOTAL INVESTMENTS - 97.3% (Cost $49,054,522)				$	49,140,463
Other Assets in Excess of Liabilities - 2.7%					1,383,833
TOTAL NET ASSETS - 100.0%				$	50,524,296
Percentages are stated as a percent of net assets.

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate

(a)	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.
(b)	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 $20,276,657 or 40.1% of the Fund’s net assets.
(c)	Step coupon bond. The rate disclosed is as of December 31, 2023.
(d)	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.