Aristotle Funds Series Trust NPORT-P Aristotle Growth Equity Fund (Jun 2024 report)

Aristotle Funds Series Trust

NOTES TO SCHEDULE OF INVESTMENTS

As of June 30, 2024 (Unaudited)

Fair Value Measurements and Disclosure

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, 2024, in valuing the Funds’ assets carried at fair value:

Aristotle Core Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	419,617,020	$	-	$	-	$	419,617,020
		Real Estate Investment Trusts		6,356,336		-		-		6,356,336
		Total Investments	$	425,973,356	$	-	$	-	$	425,973,356
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Core Income Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	1,004,667,220	$	-	$	1,004,667,220
		U.S. Treasury Obligations		-		593,642,842		-		593,642,842
		Bank Loans*		-		341,709,139		-		341,709,139
		Asset-Backed Securities		-		277,381,702		-		277,381,702
		Collateralized Loan Obligations		-		131,907,348		-		131,907,348
		Mortgage Backed Securities		-		130,835,642		-		130,835,642
		U.S. Government Agency Issues		-		29,877,397		-		29,877,397
		Foreign Government Debt Obligations		-		2,537,814		-		2,537,814
		Total Investments	$	-	$	2,512,559,104	$	-	$	2,512,559,104
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle ESG Core Bond Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	16,675,884	$	-	$	16,675,884
		U.S. Treasury Obligations		-		7,100,719		-		7,100,719
		Asset-Backed Securities		-		3,170,990		-		3,170,990
		Collateralized Loan Obligations		-		1,112,287		-		1,112,287
		Mortgage Backed Securities		-		600,054		-		600,054
		Total Investments	$	-	$	28,659,934	$	-	$	28,659,934
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Floating Rate Income Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Bank Loans*	$	-	$	3,774,569,023	$	-	$	3,774,569,023
		Exchange Traded Funds		243,066,271		-		-		243,066,271
		Corporate Bonds*		-		154,404,208		-		154,404,208
		Total Investments	$	243,066,271	$	3,928,973,231	$	-	$	4,172,039,502
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Growth Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	301,590,897	$	-	$	-	$	301,590,897
		Real Estate Investment Trusts		2,632,679		-		-		2,632,679
		Total Investments	$	304,223,576	$	-	$	-	$	304,223,576
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle High Yield Bond Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	73,772,465	$	-	$	73,772,465
		Bank Loans*		-		7,848,083		-		7,848,083
		Collateralized Loan Obligations		-		5,302,657		-		5,302,657
		Common Stocks*		228,490		-		-		228,490
		Total Investments	$	228,490	$	86,923,205	$	-	$	87,151,695
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle International Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	601,160,547	$	-	$	-	$	601,160,547
		Total Investments	$	601,160,547	$	-	$	-	$	601,160,547
	*	For a detailed break-out of these securities by country classification, please refer to the Schedule of Investments.
Aristotle Portfolio Optimization Aggressive Growth Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Affiliated Open-End Funds	$	145,848,469	$	-	$	-	$	145,848,469
		Exchange Traded Funds		122,670,077		-		-		122,670,077
		Total Investments	$	268,518,546	$	-	$	-	$	268,518,546
Aristotle Portfolio Optimization Conservative Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Affiliated Open-End Funds	$	99,858,232	$	-	$	-	$	99,858,232
		Exchange Traded Funds		40,020,162		-		-		40,020,162
		Total Investments	$	139,878,394	$	-	$	-	$	139,878,394
Aristotle Portfolio Optimization Growth Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Affiliated Open-End Funds	$	372,708,897	$	-	$	-	$	372,708,897
		Exchange Traded Funds		277,327,324		-		-		277,327,324
		Total Investments	$	650,036,221	$	-	$	-	$	650,036,221
Aristotle Portfolio Optimization Moderate Conservative Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Affiliated Open-End Funds	$	142,469,707	$	-	$	-	$	142,469,707
		Exchange Traded Funds		63,974,378		-		-		63,974,378
		Total Investments	$	206,444,085	$	-	$	-	$	206,444,085
Aristotle Portfolio Optimization Moderate Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Affiliated Open-End Funds	$	484,033,433	$	-	$	-	$	484,033,433
		Exchange Traded Funds		244,442,925		-		-		244,442,925
		Total Investments	$	728,476,358	$	-	$	-	$	728,476,358
Aristotle Short Duration Income Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	373,811,029	$	-	$	373,811,029
		Bank Loans*		-		145,420,257		-		145,420,257
		Asset-Backed Securities		-		131,318,765		-		131,318,765
		U.S. Treasury Obligations		-		110,083,281		-		110,083,281
		Collateralized Loan Obligations		-		71,343,297		-		71,343,297
		Total Investments	$	-	$	831,976,629	$	-	$	831,976,629
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Small Cap Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	190,423,789	$	-	$	-	$	190,423,789
		Real Estate Investment Trusts		8,738,791		-		-		8,738,791
		Exchange Traded Funds		2,268,534		-		-		2,268,534
		Total Investments	$	201,431,114	$	-	$	-	$	201,431,114
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Small/Mid Cap Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	40,397,024	$	-	$	-	$	40,397,024
		Real Estate Investment Trusts		1,206,648		-		-		1,206,648
		Closed End Funds		366,096		-		-		366,096
		Exchange Traded Funds		256,846		-		-		256,846
		Total Investments	$	42,226,614	$	-	$	-	$	42,226,614
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Strategic Income Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	1,681,300,736	$	-	$	1,681,300,736
		Bank Loans*		-		856,100,665		-		856,100,665
		Collateralized Loan Obligations		-		183,145,520		-		183,145,520
		U.S. Treasury Obligations		-		46,748,477		-		46,748,477
		Asset-Backed Securities		-		12,055,718		-		12,055,718
		Total Investments	$	-	$	2,779,351,116	$	-	$	2,779,351,116
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle/Saul Global Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	50,694,169	$	-	$	-	$	50,694,169
		Preferred Stocks		1,358,402		-		-		1,358,402
		Total Investments	$	52,052,571	$	-	$	-	$	52,052,571
	*	For a detailed break-out of these securities by country classification, please refer to the Schedule of Investments.
Aristotle Value Equity Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Common Stocks*	$	654,668,399	$	-	$	-	$	654,668,399
		Real Estate Investment Trusts		10,687,833		-		-		10,687,833
		Total Investments	$	665,356,232	$	-	$	-	$	665,356,232
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.
Aristotle Ultra Short Income Fund
			Level 1		Level 2		Level 3		Total
		Investments
		Corporate Bonds*	$	-	$	25,548,282	$	-	$	25,548,282
		Collateralized Loan Obligations		-		9,917,933		-		9,917,933
		Asset-Backed Securities		-		5,782,461		-		5,782,461
		Bank Loans*		-		3,029,019		-		3,029,019
		U.S. Treasury Obligations		-		1,292,226		-		1,292,226
		U.S. Treasury Bills		-		199,098		-		199,098
		Total Investments	$	-	$	45,769,019	$	-	$	45,769,019
	*	For a detailed break-out of these securities by major sector classification, please refer to the Schedule of Investments.