NPORT-P false 0001766436 XXXXXXXX S000065273 C000211311 C000211313 C000211314 Leader Funds Trust 811-23419 0001766436 5493004CXG3W4ZKLTI89 315 W. MILL PLAIN BOULEVARD SUITE 204 VANCOUVER 98660 800-711-9164 Leader Capital High Quality Income Fund S000065273 R3NVRGXLFHWUBHFB7V47 2025-07-31 2025-04-30 N 1188110794.28 6798679.96 1181312114.32 0 0 0 0 0 0 0 0 0 0 0 0 0 0 USD N AB BSL CLO 5 LTD. N/A 00038GAL4 4000000 PA USD 4085511.42 0.345845214958 Long ABS-CBDO CORP JE Y 2 2038-01-22 Floating 8.31947 N N N N N N Alantic Avenue CLO 2024-2A, LTD. N/A 04822BAE3 6000000 PA USD 6060874.2 0.513062900834 Long ABS-CBDO CORP KY Y 2 2037-04-20 Floating 7.36947 N N N N N N Allegro CLO XV, LTD. N/A 01749WAW3 4000000 PA USD 3778806 0.319882100184 Long ABS-CBDO CORP JE Y 2 2038-04-20 Floating 8.31105 N N N N N N AMMC CLO 26, LTD. N/A 00177RAN7 1500000 PA USD 1503677.4 0.127288748009 Long ABS-CBDO CORP KY Y 2 2036-04-15 Floating 6.1561 N N N N N N AMMC CLO 26, LTD. N/A 00177RAQ0 1000000 PA USD 999817.4 0.084636176007 Long ABS-CBDO CORP KY Y 2 2036-04-15 Floating 6.4561 N N N N N N Apex Credit CLO 12, LTD. N/A 03753GAL1 10000000 PA USD 9888442 0.837072767036 Long ABS-CBDO CORP KY Y 2 2038-04-20 Floating 8.51947 N N N N N N Ares LXX CLO, LTD. N/A 039951AE8 3700000 PA USD 3723946.03 0.315238114116 Long ABS-CBDO CORP JE Y 2 2035-10-25 Floating 6.68177 N N N N N N Ares LXX CLO, LTD. N/A 039951AG3 6000000 PA USD 6036174 0.510971988559 Long ABS-CBDO CORP JE Y 2 2035-10-25 Floating 7.18177 N N N N N N Athena CLO 2024-3A, LTD. N/A 04684AAC6 4000000 PA USD 4036864.4 0.341727165256 Long ABS-CBDO CORP KY Y 2 2036-04-20 Floating 7.04317 N N N N N N Athena CLO 2024-3A, LTD. N/A 04684AAE2 6000000 PA USD 6087862.8 0.515347529907 Long ABS-CBDO CORP KY Y 2 2036-04-20 Floating 8.1174 N N N N N N Atlantic Avenue 2023-1A, LTD. N/A 04822FAE4 6000000 PA USD 6018202.2 0.509450646334 Long ABS-CBDO CORP KY Y 2 2036-10-20 Floating 7.91947 N N N N N N Atlas Senior Loan Fund XXI, LTD. N/A 04940QAG2 2250000 PA USD 2271347.775 0.192273299163 Long ABS-CBDO CORP JE Y 2 2035-07-20 Floating 8.46947 N N N N N N Atrium CLO 2017-13, LTD. 549300BF3YFW8EHN6F75 04966HAG1 4000000 PA USD 4007927.6 0.33927761787 Long ABS-CBDO CORP KY Y 2 2030-11-21 Floating 6.34095 N N N N N N Bain Capital Credit CLO 2023-4, LTD. 254900ZFJ59QPVWB0563 05685EAE0 2000000 PA USD 2013923.6 0.170481922273 Long ABS-CBDO CORP JE Y 2 2036-10-21 Floating 6.76947 N N N N N N Bain Capital Credit CLO 2023-4, LTD. 254900ZFJ59QPVWB0563 05685EAG5 2000000 PA USD 2005823 0.169796193252 Long ABS-CBDO CORP JE Y 2 2036-10-21 Floating 7.16947 N N N N N N Ballyrock CLO 25, LTD. N/A 05876QAW2 3000000 PA USD 2978918.1 0.252170282916 Long ABS-CBDO CORP US Y 2 2038-01-25 Floating 8.03177 N N N N N N Barings CLO 2019-II, LTD. N/A 06761HBC1 8000000 PA USD 8058666.4 0.682179273749 Long ABS-CBDO CORP US Y 2 2038-01-15 Floating 8.5061 N N N N N N Battalion CLO 2021-19, LTD. N/A 07133VAC0 2000000 PA USD 1994151.2 0.168808156317 Long ABS-CBDO CORP KY Y 2 2034-04-15 Floating 6.11771 N N N N N N Battalion CLO IX, LTD. N/A 07132EAQ8 5000000 PA USD 4899862.5 0.414781364038 Long ABS-CBDO CORP US Y 2 2031-07-15 Floating 7.76771 N N N N N N Battalion CLO X 2016-10R2, LTD. 549300RRK5G3IT4Y7N27 07132JBG8 1000000 PA USD 995486.4 0.084269549783 Long ABS-CBDO CORP KY Y 2 2035-01-24 Floating 6.58679 N N N N N N Battalion CLO XVIII, LTD. N/A 07134QAU0 1000000 PA USD 990521 0.083849220562 Long ABS-CBDO CORP JE Y 2 2036-10-15 Floating 7.96771 N N N N N N Battalion CLO XX, LTD. N/A 07134UBA4 2000000 PA USD 1909382.2 0.161632322006 Long ABS-CBDO CORP JE Y 2 2038-04-15 Floating 8.4061 N N N N N N Beechwood Park CLO 2019-1R. LTD. N/A 07355TBA9 1000000 PA USD 993303.1 0.084084729871 Long ABS-CBDO CORP KY Y 2 2035-01-17 Floating 6.02979 N N N N N N Benefit Street Partners CLO VI, LTD. N/A 08182DAW4 3125000 PA USD 3101865 0.262577938822 Long ABS-CBDO CORP KY Y 2 2038-04-20 Floating 8.01947 N N N N N N Benefit Street Partners CLO VIII, LTD. 549300D98ZLKNSI8CN63 08180XAU6 2000000 PA USD 2008953.8 0.170061220586 Long ABS-CBDO CORP KY Y 2 2031-01-20 Floating 6.38108 N N N N N N Benefit Street Partners CLO XXXII, LTD. N/A 08181FAE0 3000000 PA USD 3019415.7 0.255598470905 Long ABS-CBDO CORP JE Y 2 2036-10-25 Floating 6.68177 N N N N N N Birch Grove CLO 2021-2A, LTD. N/A 09077LAS1 5000000 PA USD 4953556 0.419326606516 Long ABS-CBDO CORP KY Y 2 2037-10-19 Floating 6.31947 N N N N N N Birch Grove CLO 2023-6A, LTD. N/A 09077FAG0 4000000 PA USD 4011314 0.339564282162 Long ABS-CBDO CORP US Y 2 2035-07-20 Floating 7.66947 N N N N N N Birch Grove CLO 7, LTD. N/A 09077RAE9 3000000 PA USD 3027480 0.256281127072 Long ABS-CBDO CORP JE Y 2 2036-10-20 Floating 7.11947 N N N N N N Birch Grove CLO 7, LTD. N/A 09077RAG4 5000000 PA USD 5040814 0.426713138742 Long ABS-CBDO CORP JE Y 2 2036-10-20 Floating 7.51947 N N N N N N Black Diamond CLO 2024-1, LTD N/A 09204UAE8 19000000 PA USD 19120726 1.618600687607 Long ABS-CBDO CORP US Y 2 2037-10-25 Floating 6.63177 N N N N N N BlackRock Baker CLO 2021-8A, LTD. N/A 91734KAG2 10000000 PA USD 10062579 0.851813748521 Long ABS-CBDO CORP KY Y 2 2034-01-15 Floating 7.11771 N N N N N N Blackrock Shasta CLO XIII, LTD. N/A 09263EAG7 12500000 PA USD 12685612.5 1.073857818747 Long ABS-CBDO CORP KY Y 2 2036-07-15 Floating 7.3061 N N N N N N Blue Mountain CLO 2016-3R, LTD. 549300EYIDIF4X8MHI21 09628VAS3 2400000 PA USD 2408986.32 0.203924626815 Long ABS-CBDO CORP KY Y 2 2030-11-15 Floating 6.78459 N N N N N N Blue Mountain CLO XXII 2018-22, LTD. N/A 09629PAG1 1000000 PA USD 996805.1 0.084381179891 Long ABS-CBDO CORP KY Y 2 2031-07-15 Floating 6.46771 N N N N N N BlueMountain CLO XXXI, LTD. N/A 09631BAG8 3000000 PA USD 2982624.6 0.252484044195 Long ABS-CBDO CORP KY Y 2 2034-04-19 Floating 6.53108 N N N N N N Boxabl, Inc. N/A N/A 6504248 NS USD 0 0 Long EC CORP US Y 3 N N N Brightwood Capital MM CLO 2019-1A, LTD. N/A 109487AY4 2000000 PA USD 1987444.6 0.168240431673 Long ABS-CBDO CORP KY Y 2 2034-10-15 Floating 9.09198 N N N N N N Brightwood Capital MM CLO 2023-1, LTD. N/A 108928AN2 2150000 PA USD 2164651.175 0.183241257695 Long ABS-CBDO CORP JE Y 2 2035-10-15 Floating 10.7161 N N N N N N Brightwood Capital MM CLO 2024-2A, LTD. N/A 10950BAJ3 8000000 PA USD 8139377.6 0.689011608662 Long ABS-CBDO CORP JE Y 2 2036-04-15 Floating 8.15198 N N N N N N BRSP 2024-FL2, LTD N/A 05613BAG8 7875000 PA USD 8003279.8125 0.677490708649 Long ABS-CBDO CORP KY Y 2 2037-08-19 Floating 7.86301 N N N N N N Bryant Park Funding 2023-21, LTD. 549300OT0PXEZ8X3WJ68 117650AG6 2000000 PA USD 2006181.6 0.169826549328 Long ABS-CBDO CORP KY Y 2 2036-10-20 Floating 7.76947 N N N N N N Bryant Park Funding 2023-21, LTD. 549300OT0PXEZ8X3WJ68 117650AE1 6000000 PA USD 6047179.2 0.511903596715 Long ABS-CBDO CORP KY Y 2 2036-10-20 Floating 7.01947 N N N N N N Bryant Park Funding 2024-25, LTD. N/A 117913AL7 5000000 PA USD 4882878.5 0.413343640696 Long ABS-CBDO CORP KY Y 2 2038-01-18 Floating 8.27798 N N N N N N BX Commercial Mortgage Trust 2024-AIR2 N/A 05613QAE0 959180.142019 PA USD 940143.77333042 0.079584706039 Long ABS-MBS CORP US Y 2 2041-10-15 Variable 6.56324 N N N N N N Canyon CLO 2023-1, LTD. 254900FGYHIE1XLSL661 138927AC2 6000000 PA USD 6043170.6 0.511564262177 Long ABS-CBDO CORP KY Y 2 2036-10-15 Floating 6.9061 N N N N N N Canyon CLO 2023-1, LTD. 254900FGYHIE1XLSL661 138927AG3 3000000 PA USD 3019335.6 0.255591690309 Long ABS-CBDO CORP KY Y 2 2036-10-15 Floating 7.2561 N N N N N N Canyon CLO 2025-1, LTD. N/A 138919AL9 5000000 PA USD 4866240 0.411935164494 Long ABS-CBDO CORP KY Y 2 2038-04-15 Floating 8.23403 N N N N N N Capital Four US CLO III, LTD. N/A 14016LAY2 5000000 PA USD 5000978.5 0.4233409986 Long ABS-CBDO CORP KY Y 2 2038-04-21 Floating 8.30538 N N N N N N Carlyle Global Market Strategies CLO 2013-3R, LTD. 6354006XBJTNRUJOLM20 14310GAU4 3000000 PA USD 3002292.9 0.254148997916 Long ABS-CBDO CORP KY Y 2 2030-10-15 Floating 6.21771 N N N N N N Carlyle Global Market Strategies CLO 2014-1-R2, LTD. 549300K65HYRGER5BW54 14310MBC0 1000000 PA USD 994769 0.084208820701 Long ABS-CBDO CORP KY Y 2 2031-04-17 Floating 6.3414 N N N N N N Carlyle Global Market Strategies CLO 2014-5RR, LTD. 549300ODZUR61VZRRZ07 14311AAY8 1000000 PA USD 1003852 0.084977711487 Long ABS-CBDO CORP KY Y 2 2031-07-15 Floating 6.76771 N N N N N N Carlyle US CLO 2021-8, LTD. N/A 143120AC7 1000000 PA USD 1001893 0.084811878937 Long ABS-CBDO CORP KY Y 2 2034-10-15 Floating 6.16771 N N N N N N Carlyle US CLO 2021-8, LTD. N/A 14316WAW9 3750000 PA USD 3693788.25 0.312685208779 Long ABS-CBDO CORP KY Y 2 2040-04-15 Floating 8.2561 N N N N N N Carlyle US CLO 2022-6, LTD. N/A 14317GAN3 5000000 PA USD 5028681.5 0.4256861028 Long ABS-CBDO CORP KY Y 2 2036-10-25 Floating 6.68177 N N N N N N Carlyle US CLO 2022-6, LTD. N/A 14317GAQ6 9500000 PA USD 9553803.25 0.808745050251 Long ABS-CBDO CORP KY Y 2 2036-10-25 Floating 7.13177 N N N N N N Carlyle US CLO 2023-1, LTD. N/A 14318RAE8 5000000 PA USD 5028383 0.425660834288 Long ABS-CBDO CORP KY Y 2 2035-07-20 Floating 6.86947 N N N N N N Carlyle US CLO 2023-2, LTD. N/A 14318GAG7 4000000 PA USD 4011687.2 0.339595874151 Long ABS-CBDO CORP US Y 2 2036-07-20 Floating 7.26947 N N N N N N Carlyle US CLO 2023-5, LTD. N/A 14318QAE0 5000000 PA USD 5053512 0.427788045183 Long ABS-CBDO CORP US Y 2 2036-01-27 Floating 6.93262 N N N N N N Carlyle US CLO 2023-5, LTD. N/A 14318QAG5 10000000 PA USD 10080699 0.853347636118 Long ABS-CBDO CORP US Y 2 2036-01-27 Floating 7.28262 N N N N N N CarVal CLO IX-C, LTD. N/A 14688HAG7 3000000 PA USD 3018050.1 0.255482870634 Long ABS-CBDO CORP JE Y 2 2037-04-20 Floating 6.76947 N N N N N N CFIP CLO 2017-1R, LTD. 635400N9HTJKJSK1AS88 12528JAS5 6000000 PA USD 6020382.6 0.509635220755 Long ABS-CBDO CORP KY Y 2 2034-10-18 Floating 7.13108 N N N N N N Churchill Middle Market CLO, LTD. N/A 17151MAE2 2000000 PA USD 2015534 0.170618245264 Long ABS-CBDO CORP KY Y 2 2036-04-20 Floating 6.91947 N N N N N N CIFC Funding 2014-II-R, LTD. N/A 12548RAR5 4000000 PA USD 4014633.6 0.339845291724 Long ABS-CBDO CORP KY Y 2 2037-10-24 Floating 9.27518 N N N N N N Columbia Cent CLO 2024-33A, LTD. N/A 19737PAJ3 7000000 PA USD 7062059.9 0.597814905671 Long ABS-CBDO CORP KY Y 2 2037-04-20 Floating 6.96947 N N N N N N Columbia Cent CLO 32 LTD. 549300NBGVSLUALOY827 19737TAQ9 2500000 PA USD 2512008.25 0.212645601465 Long ABS-CBDO CORP KY Y 2 2034-07-24 Floating 7.44518 N N N N N N CONE Trust - 2024-DFW1 N/A 20682AAL4 9000000 PA USD 9000000 0.761864700559 Long ABS-MBS CORP US Y 2 2026-08-15 Variable 7.36157 N N N N N N Cook Park CLO 2018-1A, LTD. N/A 21623PAG2 3000000 PA USD 3013379.1 0.255087462854 Long ABS-CBDO CORP KY Y 2 2030-04-17 Floating 6.2914 N N N N N N Crown City CLO IV, LTD. 549300AGQI0XSPNAK945 228233AS1 2000000 PA USD 2016291.6 0.170682377341 Long ABS-CBDO CORP KY Y 2 2037-04-20 Floating 7.09317 N N N N N N Diameter Capital CLO 5 N/A 25255RAC3 8000000 PA USD 8050297.6 0.681470841159 Long ABS-CBDO CORP KY Y 2 2036-10-15 Floating 6.6561 N N N N N N Dryden 30-R Senior Loan Fund 549300AS2O1RYPD2ED41 26249BAU5 1000000 PA USD 1000794 0.084718846792 Long ABS-CBDO CORP KY Y 2 2028-11-15 Floating 6.28459 N N N N N N Dryden 42 Senior Loan Fund 549300GTVIVSKVBYOB52 26244YBL9 3500000 PA USD 3520125 0.297984331006 Long ABS-CBDO CORP KY Y 2 2037-07-15 Floating 8.7561 N N N N N N Dryden 42 Senior Loan Fund N/A 26244YBN5 2625000 PA USD 2638229.475 0.22333043433 Long ABS-CBDO CORP KY Y 2 2037-07-15 Floating 9.3561 N N N N N N Dryden 49R Senior Loan Fund 549300VCB8LYR1RGV869 26244QAS2 1000000 PA USD 998777.9 0.084548180634 Long ABS-CBDO CORP KY Y 2 2030-07-18 Floating 6.58108 N N N N N N Dryden 80A Senior Loan Fund N/A 26245JAU2 2000000 PA USD 1995807.8 0.168948390213 Long ABS-CBDO CORP KY Y 2 2033-01-17 Floating 6.42979 N N N N N N Dryden 93 CLO, LTD. N/A 26190TAY7 6600000 PA USD 6285778.62 0.532101427345 Long ABS-CBDO CORP KY Y 2 2038-01-15 Floating 8.3561 N N N N N N Dryden Senior Loan Fund N/A 26254FAG9 8000000 PA USD 8030168 0.67976683764 Long ABS-CBDO CORP JE Y 2 2035-08-15 Floating 7.32298 N N N N N N Elevation CLO 2017, LTD. 549300OBPZDY731NEI33 28622VAG5 1000000 PA USD 999699.8 0.084626220975 Long ABS-CBDO CORP KY Y 2 2030-10-25 Floating 6.59338 N N N N N N Elevation CLO 2020-11, LTD. N/A 28621YBA2 4100000 PA USD 4115016.25 0.348342847011 Long ABS-CBDO CORP KY Y 2 2037-10-15 Floating 9.2561 N N N N N N Elevation CLO 2023-17, LTD. N/A 28624DAJ7 10750000 PA USD 10782654.2 0.912769290368 Long ABS-CBDO CORP KY Y 2 2036-10-20 Floating 7.76947 N N N N N N Elevation CLO 2025-18, LTD. N/A 28623JAJ5 16000000 PA USD 15810012.8 1.338343407523 Long ABS-CBDO CORP KY Y 2 2038-03-28 Floating 7.24 N N N N N N Elevation CLO 2025-18, LTD. N/A 28623JAL0 9000000 PA USD 8864804.7 0.750420197587 Long ABS-CBDO CORP KY Y 2 2038-03-28 Floating 8.28442 N N N N N N Elmwood CLO 39, LTD. N/A 289910AN1 5000000 PA USD 4831019 0.408953649314 Long ABS-CBDO CORP KY Y 2 2038-04-17 Floating 7.84928 N N N N N N Elmwood CLO VII N/A 29002QAY5 3750000 PA USD 3702479.625 0.313420947869 Long ABS-CBDO CORP US Y 2 2037-10-17 Floating 6.27979 N N N N N N Elmwood CLO XI, LTD. N/A 29002LAS9 2500000 PA USD 2510693.75 0.212534326893 Long ABS-CBDO CORP KY Y 2 2038-01-20 Floating 8.0187 N N N N N N First American Government Obligations Fund, Class X 549300R5MYM6VZF1RM44 31846V336 241521126.553251 NS USD 241521126.553251 20.445157862255 Long STIV RF US N 1 N N N FS Rialto 2024-FL9 N/A 30338WAE9 7572000 PA USD 7580095.9824 0.641667506204 Long ABS-CBDO CORP US Y 2 2039-10-19 Floating 6.96483 N N N N N N Galaxy CLO XV 2013-15RR, LTD. 549300MJK1HWQWCLYA68 36318WAM2 3635000 PA USD 3647858.449 0.308797176103 Long ABS-CBDO CORP KY Y 2 2030-10-15 Floating 6.36771 N N N N N N Generate CLO 4, LTD. N/A 37148BAL4 8000000 PA USD 8034961.6 0.68017262371 Long ABS-CBDO CORP KY Y 2 2037-07-20 Floating 9.06947 N N N N N N Golub Capital Partners CLO, LTD. N/A 38179NAD6 9000000 PA USD 9061861.5 0.767101377578 Long ABS-CBDO CORP US Y 2 2037-02-09 Floating 6.89735 N N N N N N Golub Capital Partners CLO, LTD. N/A 38179NAF1 15000000 PA USD 15177093 1.284765712645 Long ABS-CBDO CORP US Y 2 2037-02-09 Floating 7.54735 N N N N N N Greystone CRE Notes - 2024-HC3 N/A 39808MAE3 3437000 PA USD 3372994.1238 0.285529462013 Long ABS-CBDO CORP US Y 2 2041-09-15 Floating 8.02186 N N N N N N Greystone CRE Notes - 2024-HC3 N/A 39808MAG8 5156000 PA USD 5173817.5892 0.437972109816 Long ABS-CBDO CORP US Y 2 2041-09-15 Floating 8.82186 N N N N N N Greywolf CLO II, LTD. 549300DX0ZYWEZ6TY764 398079BA0 2450000 PA USD 2452315.74 0.207592532992 Long ABS-CBDO CORP KY Y 2 2034-04-15 Floating 6.11771 N N N N N N HalseyPoint CLO II, LTD. N/A 40638TAU6 2000000 PA USD 1997432.2 0.169085898326 Long ABS-CBDO CORP KY Y 2 2037-07-20 Floating 9.26947 N N N N N N Hayfin US XII, LTD. 549300ROX4COSD406L14 420916AJ7 10000000 PA USD 10082482 0.85349856998 Long ABS-CBDO CORP KY Y 2 2037-04-28 Floating 6.98262 N N N N N N HIH Trust 2024-61P N/A 40444VAC5 10000000 PA USD 9954357 0.842652579452 Long ABS-MBS CORP US Y 2 2026-10-15 Variable 6.66286 N N N N N N HIH Trust 2024-61P N/A 40444VAE1 14000000 PA USD 13871023.6 1.174204804607 Long ABS-MBS CORP US Y 2 2026-10-15 Variable 7.16286 N N N N N N HONO 2021-LULU Mortgage Trust N/A 40390MAJ4 4525000 PA USD 4450572.8 0.376748257065 Long ABS-MBS CORP US Y 2 2036-12-15 Floating 6.28634 N N N N N N HYT Commercial Mortgage Trust 2024-RGCY N/A 449173AE3 6000000 PA USD 5907418.2 0.50007259978 Long ABS-MBS CORP US Y 2 2041-09-15 Floating 7.16189 N N N N N N ICG U.S. CLO 2020-1A, LTD. 254900UXTGDH0QOBDH07 449251AS6 1000000 PA USD 1003827.6 0.084975645987 Long ABS-CBDO CORP KY Y 2 2035-01-20 Floating 8.13108 N N N N N N ICG US CLO 2017-IRR, LTD. 254900T2ODAPJRGAZY53 449259AN0 4600000 PA USD 4613621.52 0.390550597536 Long ABS-CBDO CORP KY Y 2 2034-07-28 Floating 6.94423 N N N N N N Invesco U.S. CLO 2023-4, LTD. N/A 46091XAG5 13500000 PA USD 13606076.25 1.151776578666 Long ABS-CBDO CORP US Y 2 2037-01-18 Floating 7.26947 N N N N N N KKR CLO 36, LTD. N/A 48255AAE8 5000000 PA USD 4992472.5 0.422620951807 Long ABS-CBDO CORP KY Y 2 2034-10-15 Floating 6.66771 N N N N N N KREF 2021-FL2, LTD. 54930083ELM2GCMVTQ91 48275RAC1 7500000 PA USD 7326439.5 0.620195070648 Long ABS-CBDO CORP KY Y 2 N N N LCM 2019-30R, LTD. N/A 50200YAU2 3500000 PA USD 3474924.95 0.294158072944 Long ABS-CBDO CORP KY Y 2 2031-04-20 Floating 6.53108 N N N N N N LCM 40, LTD. N/A 50190KAY6 3600000 PA USD 3597147 0.304504369113 Long ABS-CBDO CORP KY Y 2 2038-01-15 Floating 9.1861 N N N N N N LCM XIV 2013-14R, LTD. 549300NGJ6CPPJRPGL08 50184VAT1 2000000 PA USD 2003068.2 0.169562994932 Long ABS-CBDO CORP KY Y 2 2031-07-20 Floating 6.38108 N N N N N N LCM XVI 2014-16R, LTD. 549300RB1XGNK3FHRH35 50181GBJ8 1250000 PA USD 1253264.25 0.106090865838 Long ABS-CBDO CORP KY Y 2 2031-10-15 Floating 6.66771 N N N N N N LCM XVII 2014-17RR, LTD. 549300K6S4MWQOINB710 50190AAT9 3000000 PA USD 3006108.9 0.254472028549 Long ABS-CBDO CORP KY Y 2 2031-10-15 Floating 6.61771 N N N N N N LCM XVIII 2015-18R, LTD. 549300PYL1KC7BYM8G75 50188GAV5 5000000 PA USD 4987478 0.422198159224 Long ABS-CBDO CORP KY Y 2 2031-07-20 Floating 6.38108 N N N N N N LCM XXIII CLO, LTD. N/A 52111PAK7 427075.7705 PA USD 428506.004547828 0.036273733204 Long ABS-CBDO CORP KY Y 2 2029-10-20 Floating 6.73108 N N N N N N LCM XXV 2018-26, LTD. 549300FY8UGGJMQNCO13 50200FAG4 6600000 PA USD 6614489.64 0.559927352103 Long ABS-CBDO CORP KY Y 2 2031-01-20 Floating 6.33108 N N N N N N Leader Capital Short Term High Yield Bond Fund, Institutional Class 54930055U85E86N3X724 52169B103 2993626 NS USD 24038816.78 2.034925105322 Long EC RF US N 1 N N N LoanCore 2021-CRE5 Issuer LTD. N/A 53947XAE2 8000000 PA USD 8008676.8 0.677947572456 Long ABS-CBDO CORP KY Y 2 2036-07-16 Floating 6.18634 N N N N N N LoanCore 2021-CRE5 Issuer, LTD. N/A 53947FAL5 3000000 PA USD 2992098.6 0.25328603377 Long ABS-CBDO CORP KY Y 2 2030-01-17 Floating 7.87186 N N N N N N Madison Park Funding LXIX 2024-69A, LTD. N/A 55822VAL5 2000000 PA USD 2014382.2 0.170520743512 Long ABS-CBDO CORP KY Y 2 2037-07-25 Floating 9.03177 N N N N N N Madison Park Funding XXXVI 2019-36A, LTD. N/A 55819PBK4 11000000 PA USD 10953921 0.927267304735 Long ABS-CBDO CORP KY Y 2 2035-04-15 Floating 7.99833 N N N N N N MAGNETITE XLI, LTD. N/A 55956AAE5 1500000 PA USD 1512742.95 0.128056161625 Long ABS-CBDO CORP KY Y 2 2038-01-25 Floating 8.16296 N N N N N N MAGNETITE XXXIV, LTD. N/A 55952MAW3 1515000 PA USD 1498781.016 0.126874261106 Long ABS-CBDO CORP KY Y 2 2038-01-15 Floating 7.87196 N N N N N N MF1 2021-FL5, LTD. N/A 55282XAL4 5925000 PA USD 5860526.52 0.496103142475 Long ABS-MBS CORP KY Y 2 2036-07-15 Variable 7.44261 N N N N N N MF1 2021-FL7, LTD. N/A 55284AAG3 3006000 PA USD 2913320.511 0.24661733986 Long ABS-CBDO CORP KY Y 2 2036-10-18 Floating 6.48442 N N N N N N MF1 2021-FL7, LTD. N/A 55284AAL2 5000000 PA USD 4905381 0.415248514077 Long ABS-MBS CORP KY Y 2 2036-10-18 Variable 7.23442 N N N N N N MF1 2024-FL15, LTD. N/A 58003MAE6 1500000 PA USD 1493356.35 0.126415054269 Long ABS-CBDO CORP US Y 2 2041-08-18 Floating 6.81286 N N N N N N MF1 2024-FL15, LTD. N/A 58003MAG1 3000000 PA USD 2968138.2 0.251257746773 Long ABS-CBDO CORP US Y 2 2041-08-18 Floating 7.26186 N N N N N N Nassau 2018-II CLO, LTD N/A 63152PAE8 10400000 PA USD 10436293.92 0.883449326923 Long ABS-CBDO CORP KY Y 2 2031-10-15 Floating 7.06771 N N N N N N Nassau 2019-I CLO, LTD. N/A 63171NAN0 3500000 PA USD 3512926.2 0.297374940827 Long ABS-CBDO CORP US Y 2 2031-04-15 Floating 7.11771 N N N N N N Nassau 2019-II CLO, LTD. N/A 63172WAE9 5000000 PA USD 5014860 0.424516090249 Long ABS-CBDO CORP KY Y 2 2032-10-15 Floating 6.96771 N N N N N N Neuberger Berman CLO XXI, Ltd. N/A 64130DCC2 1000000 PA USD 973893.2 0.082441650132 Long ABS-CBDO CORP KY Y 2 2039-01-20 Floating 8.21947 N N N N N N Neuberger Berman CLO XXII, LTD. N/A 64131BAY9 1000000 PA USD 1006565 0.085207371368 Long ABS-CBDO CORP KY Y 2 2038-04-17 Floating 9.02979 N N N N N N Neuberger Berman Loan Advisers CLO 26, LTD. N/A 64131QAW0 2500000 PA USD 2483792.25 0.210257070977 Long ABS-CBDO CORP KY Y 2 2038-10-18 Floating 8.61947 N N N N N N Newark BSL CLO 2017-2R, LTD. N/A 65023PAS9 2500000 PA USD 2494874.25 0.211195180378 Long ABS-CBDO CORP US Y 2 2030-07-25 Floating 6.29338 N N N N N N NGC CLO 2024-1A D1, LTD. N/A 652927AN4 2000000 PA USD 2010165 0.170163750644 Long ABS-CBDO CORP US Y 2 2037-07-20 Floating 8.471 N N N N N N NGC CLO 2024-1A, LTD. N/A 652927AL8 24000000 PA USD 24161095.2 2.045276173304 Long ABS-CBDO CORP US Y 2 2037-07-20 Floating 6.921 N N N N N N Northwoods Capital CLO 2020-22A, LTD. N/A 66858HBE5 12000000 PA USD 12120166.8 1.025991916646 Long ABS-CBDO CORP KY Y 2 2037-03-16 Floating 7.14928 N N N N N N Northwoods Capital XI-B, LTD. 5493005SOJ8F7B634862 66860JAU2 12200000 PA USD 12181492.6 1.031183245785 Long ABS-CBDO CORP KY Y 2 2037-07-19 Floating 6.76947 N N N N N N NYC Trust Commercial Mortgage Securities Trust N/A 62956HAE6 5000000 PA USD 4953779.5 0.419345526156 Long ABS-MBS CORP US Y 2 2029-08-15 Variable 7.16158 N N N N N N OAKC192 BRR USD N/A 67401UBC0 5589000 PA USD 5569534.6308 0.47147020375 Long ABS-CBDO CORP KY Y 2 2037-10-15 Floating 6.4561 N N N N N N Oaktree CLO 2024-27, LTD. N/A 67402UAL0 2000000 PA USD 2012242.4 0.170339605947 Long ABS-CBDO CORP KY Y 2 2037-10-22 Floating 8.47238 N N N N N N Obra CLO 1, LTD. N/A 67443AAL5 1025000 PA USD 1036843.465 0.087770492887 Long ABS-CBDO CORP KY Y 2 2038-01-20 Floating 8.259 N N N N N N Ocean Trails CLO XV, LTD. 5493000CJCL8E235WY49 67515BAE2 15000000 PA USD 15104224.5 1.278597275097 Long ABS-CBDO CORP JE Y 2 2037-01-15 Floating 7.1061 N N N N N N OCP CLO 2014-5R, LTD. 254900NXH68CRC058O44 67102SAQ7 4000000 PA USD 4000758.8 0.338670767241 Long ABS-CBDO CORP KY Y 2 2031-04-26 Floating 6.34423 N N N N N N OCP CLO 2014-7RR, LTD. 254900NUK1R46EK6YF62 67107KBD7 2000000 PA USD 2007572.8 0.16994431668 Long ABS-CBDO CORP KY Y 2 2029-07-20 Floating 6.78399 N N N N N N OCP CLO 2019-16R, LTD. 254900XAI48J82ID5O83 67570QAP6 1000000 PA USD 996041 0.084316497578 Long ABS-CBDO CORP KY Y 2 2033-04-10 Floating 6.32183 N N N N N N Octagon Investment Partners 46, LTD. N/A 67577VAQ6 3000000 PA USD 3006962.4 0.254544278718 Long ABS-CBDO CORP KY Y 2 2036-07-15 Floating 6.71771 N N N N N N Octagon Investment Partners 46, LTD. N/A 67577VAS2 5000000 PA USD 4964941 0.420290365362 Long ABS-CBDO CORP KY Y 2 2036-07-15 Floating 7.81771 N N N N N N Octagon Investment Partners XVII, LTD. 54930007Y57X4ONHQV20 67590GBN8 1000000 PA USD 1004505.2 0.085033005934 Long ABS-CBDO CORP KY Y 2 2031-01-25 Floating 6.24338 N N N N N N OFSI BSL IX, LTD. 549300ISCSFRB3LRFG70 67111BAJ9 1200000 PA USD 1199202.24 0.101514428387 Long ABS-CBDO CORP KY Y 2 2031-07-15 Floating 6.51771 N N N N N N OFSI BSL XII CLO, LTD. N/A 67629HAN2 6000000 PA USD 5768503.2 0.488313218127 Long ABS-CBDO CORP KY Y 2 2035-01-20 Floating 8.30532 N N N N N N OFSI BSL XIV CLO, LTD N/A 67119GAJ0 5625000 PA USD 5657354.4375 0.478904293831 Long ABS-CBDO CORP KY Y 2 2037-07-20 Floating 9.41947 N N N N N N OFSI Fund 2024-13A CLO, LTD. N/A 67118VAG4 18000000 PA USD 18125308.8 1.534336995717 Long ABS-CBDO CORP KY Y 2 2037-04-20 Floating 6.971 N N N N N N OHA Credit Partners VII, LTD. N/A 67102QBV9 2000000 PA USD 1998838.2 0.169204918523 Long ABS-CBDO CORP KY Y 2 2038-02-20 Floating 7.82192 N N N N N N Palmer Square CLO 2021-1, LTD. N/A 69701WAU0 4750000 PA USD 4651692.1 0.393773334317 Long ABS-CBDO CORP KY Y 2 2038-04-20 Floating 7.81947 N N N N N N Park Avenue Institutional Advisers CLO 2018-1, LTD. N/A 70016RAS4 5000000 PA USD 5015106 0.424536914551 Long ABS-CBDO CORP KY Y 2 2031-10-20 Floating 6.63108 N N N N N N PGA National Resort Commerical Mortgage Trust N/A 69381CAJ6 18410000 PA USD 18145335.999 1.536032330825 Long ABS-MBS CORP US Y 2 2026-06-15 Variable 7.17186 N N N N N N PPM CLO 3, LTD. 549300UEAJV6RALDS969 69355EAS4 1500000 PA USD 1492390.35 0.126333280791 Long ABS-CBDO CORP KY Y 2 2034-07-17 Floating 7.6414 N N N N N N SG Commercial Mortgage Securities Trust 2016-C5 549300SZQW4U3UN4A157 78419CAL8 2500000 PA USD 2282250.25 0.193196211479 Long ABS-MBS CORP US Y 2 2048-10-10 Variable 4.97219 N N N N N N Signal Peak CLO 5, LTD. 635400SMPSPMTZRZQF40 82666VAG9 1000000 PA USD 1005215.1 0.085093100128 Long ABS-CBDO CORP KY Y 2 2037-04-25 Floating 6.98177 N N N N N N Sound Point CLO IV, LTD. 549300HOEGQTNS4MTZ12 83609YAJ5 4050000 PA USD 4042724.175 0.342223204781 Long ABS-CBDO CORP KY Y 2 2031-04-18 Floating 7.78108 N N N N N N Sound Point CLO VII-R, LTD. 549300IYECLSB6ZQZB89 83610HAJ9 7300000 PA USD 7202190.95 0.609677227943 Long ABS-CBDO CORP KY Y 2 2031-10-23 Floating 7.94095 N N N N N N Sound Point CLO XXXI, LTD. N/A 83615PAG2 3000000 PA USD 2845828.8 0.240904056283 Long ABS-CBDO CORP KY Y 2 2034-10-25 Floating 7.79338 N N N N N N Steele Creek CLO, LTD. N/A 858102BA3 6250000 PA USD 6162955.625 0.5217042602 Long ABS-CBDO CORP KY Y 2 2031-06-15 Floating 7.46089 N N N N N N Steele Creek CLO, LTD. 549300HGQ43STJLLP808 85815CAG4 6500000 PA USD 6410721.85 0.542678075846 Long ABS-CBDO CORP KY Y 2 2031-04-15 Floating 7.36771 N N N N N N SWCH Commercial Mortgage Trust 2025, LTD. N/A 78489CAE9 2000000 PA USD 1921050.6 0.162620071125 Long ABS-MBS CORP US Y 2 2042-03-15 Floating 7.66208 N N N N N N Sycamore Tree CLO 2024-5A, LTD. N/A 87122YAG0 5000000 PA USD 5014407.5 0.424477785385 Long ABS-CBDO CORP KY Y 2 2036-04-20 Floating 7.04317 N N N N N N Symphony CLO 2014-15R3, LTD. 5493007X3UVVYJ005O73 87154EBL3 6000000 PA USD 6023364.6 0.509887651926 Long ABS-CBDO CORP US Y 2 2032-01-17 Floating 6.91449 N N N N N N TCI-Symphony CLO 2017-1R, LTD. N/A 87232BAK8 1020000 PA USD 1013278.608 0.085775689251 Long ABS-CBDO CORP KY Y 2 2030-07-15 Floating 6.31771 N N N N N N TCW CLO 2021-1, LTD. N/A 87190KBA9 8000000 PA USD 7568868.8 0.640717106876 Long ABS-CBDO CORP KY Y 2 2038-01-20 Floating 8.26947 N N N N N N TICP CLO VII, LTD. N/A 87248TAS4 500000 PA USD 499030 0.042243704613 Long ABS-CBDO CORP KY Y 2 2034-04-15 Floating 7.71771 N N N N N N Trinitas CLO IX, LTD. 549300QFERVNPGSISO16 89641JAU0 2000000 PA USD 2005032 0.16972923381 Long ABS-CBDO CORP KY Y 2 2032-01-20 Floating 6.78108 N N N N N N Trinitas CLO VII Ltd., Series 2017-7A, Class D1R 549300F3XEPDOX3FOP69 89641CAQ4 3000000 PA USD 2961544.8 0.250699604693 Long ABS-CBDO CORP KY Y 2 2035-01-25 Floating 8.04338 N N N N N N Trinitas CLO X, LTD. 549300W90X4BIMRJ8H82 89640AAS5 2000000 PA USD 2007606.8 0.169947194835 Long ABS-CBDO CORP KY Y 2 2035-01-15 Floating 6.7561 N N N N N N Trinitas CLO XV, LTD. N/A 89641XAG0 2500000 PA USD 2506758.5 0.212201201553 Long ABS-CBDO CORP KY Y 2 2034-04-22 Floating 6.88399 N N N N N N Trinitas CLO XXII, LTD. N/A 89640HAE1 6500000 PA USD 6518404.1 0.551793554196 Long ABS-CBDO CORP BM Y 2 2036-07-20 Floating 8.06947 N N N N N N Trysail CLO 2021-1, LTD. N/A 89855AAL0 2500000 PA USD 2510048.5 0.212479705426 Long ABS-CBDO CORP KY Y 2 2032-07-20 Floating 6.93108 N N N N N N VCC CLO 1 2024-1A N/A 91825AAG4 8000000 PA USD 8064620 0.682683255714 Long ABS-CBDO CORP KY Y 2 2036-10-20 Floating 7.11974 N N N N N N Vibrant CLO VIII, LTD. 5493007UH0SOAZ6NCZ28 92558FAE9 1800000 PA USD 1794435.12 0.15190186393 Long ABS-CBDO CORP KY Y 2 2031-01-20 Floating 6.33108 N N N N N N Vibrant CLO XR, LTD. 5493000EYNEUF6J67S05 92563MAG2 1200000 PA USD 1209201.24 0.102360860069 Long ABS-CBDO CORP US Y 2 2036-04-20 Floating 7.11947 N N N N N N Voya CLO 2012-4R3, LTD. 54930043I9VQ10YJ1Z07 92916GBG8 1300000 PA USD 1301632.28 0.110185298582 Long ABS-CBDO CORP KY Y 2 2030-10-15 Floating 6.46771 N N N N N N Voya CLO 2014-4, LTD. 549300JHU3YI1LLL3V27 92914RBE1 1000000 PA USD 1003368.2 0.084936757027 Long ABS-CBDO CORP KY Y 2 2031-07-14 Floating 7.85332 N N N N N N Voya CLO 2015-3R, LTD. 254900MS3D9HONB0N824 92913UAU0 1250000 PA USD 1253557.125 0.106115658185 Long ABS-CBDO CORP KY Y 2 2031-10-20 Floating 6.73108 N N N N N N Voya CLO 2024-1, LTD. N/A 92920DAE5 1590000 PA USD 1596365.724 0.135134966033 Long ABS-CBDO CORP KY Y 2 2037-04-15 Floating 6.6561 N N N N N N Warwick Capital CLO 2023-1, LTD. N/A 936919AE9 1500000 PA USD 1504550.4 0.127362648885 Long ABS-CBDO CORP JE Y 2 2036-10-20 Floating 7.91947 N N N N N N Warwick Capital CLO 2023-2, LTD. N/A 936557AE7 4000000 PA USD 4052232 0.343028057697 Long ABS-CBDO CORP JE Y 2 2037-01-15 Floating 6.9561 N N N N N N Warwick Capital CLO 2023-2, LTD. N/A 936557AG2 3500000 PA USD 3511225.2 0.297230948399 Long ABS-CBDO CORP JE Y 2 2037-01-15 Floating 7.7061 N N N N N N Warwick Capital CLO 2024-3A, LTD. N/A 93655PAE7 5500000 PA USD 5518709.9 0.46716780727 Long ABS-CBDO CORP JE Y 2 2037-04-20 Floating 7.01947 N N N N N N Wellfleet CLO 2021-2A, LTD. N/A 95023AAE0 5500000 PA USD 5514806.55 0.466837382317 Long ABS-CBDO CORP KY Y 2 2034-07-15 Floating 6.86771 N N N N N N Wellfleet CLO 2021-2A, LTD. N/A 95023AAG5 1000000 PA USD 996649.5 0.084368008097 Long ABS-CBDO CORP KY Y 2 2034-07-15 Floating 8.11771 N N N N N N Wellfleet CLO 2022-1 LTD. N/A 94950TBA6 4950000 PA USD 4975014.825 0.421143131103 Long ABS-CBDO CORP KY Y 2 2037-07-15 Floating 8.8561 N N N N N N Wellfleet CLO X, LTD. N/A 94949WAX4 5000000 PA USD 4986371 0.422104449865 Long ABS-CBDO CORP KY Y 2 2032-07-20 Floating 7.56947 N N N N N N Wind River 2017-3 CLO, LTD. N/A 97316LAE8 4200000 PA USD 4210915.38 0.356460865007 Long ABS-CBDO CORP KY Y 2 2035-04-15 Floating 7.01771 N N N N N N Wind River 2021-1A CLO, LTD. 549300OBHD9JXBHL6R27 97317AAE1 7000000 PA USD 7070328.3 0.598514839237 Long ABS-CBDO CORP KY Y 2 2037-04-20 Floating 7.09317 N N N N N N Wind River 2021-2 CLO, LTD. 549300OBHD9JXBHL6R27 97315VAG2 3000000 PA USD 2976220.2 0.251941901274 Long ABS-CBDO CORP KY Y 2 2034-07-20 Floating 6.48108 N N N N N N Wind River 2021-3 CLO, LTD. N/A 97316DBA3 9400000 PA USD 9117173.74 0.771783649041 Long ABS-CBDO CORP KY Y 2 2038-04-20 Floating 8.221 N N N N N N Wind River 2021-4 CLO, LTD. N/A 97316UAG3 7500000 PA USD 7227200.25 0.611794306038 Long ABS-CBDO CORP KY Y 2 2035-01-20 Floating 7.73399 N N N N N N 2025-06-30 Leader Funds Trust /s/ John Lekas John Lekas President XXXX