Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BANK LOANS — 18.5%
	738,520	Acrisure LLC 8.931% (1-Month Term SOFR+350 basis points), 2/15/20272,3,4	$	720,981
	493,750	AI Aqua Merger Sub, Inc. 9.082% (1-Month USD Libor+400 basis points), 7/30/20282,3,4		485,166
	712,885	Alliance Laundry Systems LLC 8.932% (3-Month Term SOFR+350 basis points), 10/8/20272,3,4		712,504
	738,693	Alliant Holdings Intermediate LLC 8.931% (1-Month USD Libor+350 basis points), 11/6/20272,3,4		737,043
	500,000	American Rock Salt Co. LLC 12.681% (1-Month Term SOFR+725 basis points), 6/11/20292,4		437,500
	498,750	Amynta Agency Borrower, Inc. 10.416% (1-Month Term SOFR+500 basis points), 2/28/20282,3,4		499,099
	492,500	AP Gaming I LLC 9.540% (1-Month Term SOFR+400 basis points), 2/15/20292,3,4		491,453
	497,494	Apple Bidco LLC 9.316% (1-Month Term SOFR+400 basis points), 9/23/20282,3,4		497,143
	740,372	AppLovin Corp. 8.416% (1-Month Term SOFR+300 basis points), 8/18/20302,3,4		738,917
	500,000	Aretec Group, Inc. 5.500% (1-Month Term SOFR+450 basis points), 8/9/20302,3,4,5,6		486,875
		Asurion LLC
	750,000	10.681% (1-Month Term SOFR+525 basis points), 2/3/20282,3,4		654,375
	161,091	9.416% (3-Month Term SOFR+400 basis points), 8/19/20282,3,4		154,077
	740,530	Autokiniton U.S. Holdings, Inc. 9.931% (1-Month Term SOFR+450 basis points), 4/6/20282,3,4		728,497
	744,375	Barracuda Networks, Inc. 9.869% (1-Month Term SOFR+450 basis points), 8/15/20292,3,4		711,623
	699,894	Birkenstock U.S. BidCo, Inc. 8.877% (1-Month Term SOFR+375 basis points), 4/28/20282,3,4		699,456
	463,568	Brightview Landscapes LLC 8.619% (1-Month Term SOFR+325 basis points), 4/22/20292,3,4		463,858
	292,500	CCI Buyer, Inc. 9.390% (3-Month Term SOFR+400 basis points), 12/17/20272,3,4		286,711
	150,000	CCS-CMGC Holdings, Inc. 14.684% (3-Month USD Libor+900 basis points), 10/1/20262,3,4		89,266
	500,000	Century DE Buyer LLC 4.000% (1-Month Term SOFR+400 basis points), 9/27/20302,3,4,5,6		497,188
	750,000	CHG Healthcare Services, Inc. 9.145% (1-Month Term SOFR+375 basis points), 9/30/20282,3,4		744,491
	737,123	CP Atlas Buyer, Inc. 9.166% (1-Month Term SOFR+350 basis points), 11/23/20272,4		686,601
	500,000	CPM Holdings, Inc. 9.818% (1-Month Term SOFR+450 basis points), 9/28/20282,3,4		500,375

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BANK LOANS (Continued)
	746,251	Creative Artists Agency LLC 8.816% (1-Month Term SOFR+350 basis points), 11/26/20282,3,4	$	744,647
	800,000	Dedalus Finance GmbH 7.712% (6-Month Euribor+375 basis points), 5/31/20272,4		807,648
	740,434	Deerfield Dakota Holding LLC 9.140% (3-Month Term SOFR+375 basis points), 4/9/20272,3,4		716,062
	738,693	Dotdash Meredith, Inc. 9.415% (1-Month Term SOFR+400 basis points), 12/1/20282,3,4		701,759
	738,722	EAB Global, Inc. 9.131% (3-Month USD Libor+350 basis points), 8/16/20282,3,4		728,221
	729,375	ECI Macola/Max Holding LLC 9.402% (3-Month Term SOFR+375 basis points), 11/9/20272,3,4		726,487
	500,000	EnergySolutions LLC 9.382% (1-Month Term SOFR+400 basis points), 9/18/20302,3,4		498,000
	746,114	Ensemble RCM LLC 9.219% (1-Month Term SOFR+375 basis points), 8/1/20262,3,4		746,748
	748,101	EP Purchaser LLC 9.152% (3-Month Term SOFR+350 basis points), 11/4/20282,3,4		725,658
	625,566	EW Scripps Co. 8.431% (1-Month Term SOFR+300 basis points), 1/7/20282,3,4		601,519
	738,750	Fertitta Entertainment LLC 9.316% (1-Month Term SOFR+400 basis points), 1/27/20292,3,4		723,583
	746,250	Filtration Group Corp. 9.681% (1-Month Term SOFR+425 basis points), 10/24/20282,3,4		747,414
	737,384	Flexera Software LLC 9.181% (1-Month Term SOFR+375 basis points), 3/3/20282,3,4		729,626
	703,125	Forest City Enterprises LP 8.931% (1-Month Term SOFR+350 basis points), 12/7/20252,3,4		635,780
	348,726	Generation Bridge Northeast LLC 9.566% (1-Month Term SOFR+425 basis points), 8/7/20292,3,4		349,090
	583,590	Great Outdoors Group LLC 9.181% (1-Month Term SOFR+375 basis points), 3/5/20282,3,4		580,246
	500,000	GTCR W Merger Sub LLC 3.000% (1-Month Term SOFR+300 basis points), 9/20/20303,4,5,6		497,083
	750,000	HireRight Holdings Corp. 9.386% (1-Month Term SOFR+400 basis points), 9/28/20302,3,4		743,437
	500,000	HUB International Ltd. 9.584% (1-Month Term SOFR+425 basis points), 6/20/20302,3,4		500,335
	744,275	Hudson River Trading LLC 8.631% (1-Month Term SOFR+300 basis points), 3/18/20282,3,4		734,659
	677,990	Idera, Inc. 9.272% (1-Month Term SOFR+375 basis points), 3/2/20282,3,4		666,129
	750,000	INEOS Enterprises Holdings U.S. Finco LLC 9.272% (1-Month Term SOFR+375 basis points), 7/7/20302,4		736,875

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BANK LOANS (Continued)
	460,740	INEOS U.S. Finance LLC 9.166% (1-Month Term SOFR+375 basis points), 11/8/20272,3,4	$	456,423
	448,875	INEOS U.S. Petrochem LLC 9.166% (1-Month Term SOFR+375 basis points), 3/1/20302,3,4		438,775
	500,000	Isolved, Inc. 9.484% (1-Month Term SOFR+400 basis points), 10/5/20302,3,4		498,750
	637,049	Ivanti Software, Inc. 9.907% (3-Month Term SOFR+425 basis points), 12/1/20272,3,4		568,168
	656,721	Kestrel Acquisition LLC 9.681% (1-Month Term SOFR+425 basis points), 6/30/20252,3,4		647,366
	740,625	Light & Wonder International, Inc. 8.535% (1-Month Term SOFR+300 basis points), 4/14/20292,3,4		740,858
		Lightstone Holdco LLC
	700,439	11.066% (1-Month Term SOFR+575 basis points), 1/30/20272,3,4		659,638
	39,616	11.066% (1-Month Term SOFR+575 basis points), 1/30/20272,3,4		37,308
	744,332	Medline Borrower LP 8.681% (1-Month Term SOFR+325 basis points), 10/21/20282,3,4		740,380
	748,125	MH Sub I LLC 9.566% (1-Month Term SOFR+425 basis points), 5/3/20282,3,4		716,173
	738,402	Minotaur Acquisition, Inc. 10.166% (1-Month Term SOFR+500 basis points), 3/29/20262,3,4		736,453
	750,000	Mitchell International, Inc. 11.946% (1-Month Term SOFR+650 basis points), 10/15/20292,3,4		700,901
	740,578	NAB Holdings LLC 8.540% (3-Month Term SOFR+300 basis points), 11/23/20282,3,4		736,679
	541,582	NFP Corp. 8.681% (1-Month Term SOFR+325 basis points), 2/13/20272,4		532,172
	498,750	Northriver Midstream Finance LP 8.395% (1-Month Term SOFR+300 basis points), 8/16/20302,3,4,7		497,969
	500,000	Nouryon USA LLC 9.434% (1-Month Term SOFR+400 basis points), 4/3/20282,3,4		489,688
		OMNIA Partners LLC
	42,936	4.250% (1-Month Term SOFR+425 basis points), 7/25/20302,3,4,5,6		42,936
	457,064	9.628% (1-Month Term SOFR+425 basis points), 7/25/20302,3,4		457,064
	738,722	OneDigital Borrower LLC 9.666% (3-Month Term SOFR+425 basis points), 11/16/20272,4		738,105
	736,292	Peraton Corp. 9.166% (1-Month Term SOFR+375 basis points), 2/1/20282,3,4		723,753
	716,322	Petco Health & Wellness Co., Inc. 8.902% (3-Month Term SOFR+325 basis points), 3/4/20282,3,4		701,598
	740,554	PODS LLC 8.431% (1-Month Term SOFR+300 basis points), 3/31/20282,3,4		707,229

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BANK LOANS (Continued)
	100,000	Prairie ECI Acquiror LP 10.166% (1-Month Term SOFR+475 basis points), 3/11/20262,3,4	$	99,864
	738,750	Pre-Paid Legal Services, Inc. 8.931% (1-Month Term SOFR+375 basis points), 12/15/20282,3,4		723,580
	750,000	Project Alpha Intermediate Holding, Inc. 5.250% (1-Month Term SOFR+475 basis points), 10/26/20302,3,4,5,6		729,611
	750,000	Project Boost Purchaser LLC 4.000% (1-Month Term SOFR+350 basis points), 5/30/20262,3,4,5,6		746,437
	303,453	Prometric Holdings, Inc. 10.695% (3-Month Term SOFR+300 basis points), 1/29/20253,4		300,570
	738,693	RealPage, Inc. 8.431% (1-Month Term SOFR+300 basis points), 4/22/20282,3,4		723,188
	736,842	Red Planet Borrower LLC 9.166% (1-Month Term SOFR+375 basis points), 9/30/20282,3,4		689,603
	750,000	Redstone Holdco 2 LP 13.180% (1-Month Term SOFR+775 basis points), 8/6/20292,3,4		475,500
		Renaissance Holdings Corp.
	750,000	10.066% (3-Month USD Libor+325 basis points), 5/30/20252,3,4		740,393
	17,978	12.431% (1-Month USD Libor+700 basis points), 5/29/20262,3,4		17,974
	740,900	Reverb Buyer, Inc. 8.772% (3-Month Term SOFR+350 basis points), 11/1/20282,3,4		692,627
	750,000	Rocket Software, Inc. 10.078% (1-Month Term SOFR+475 basis points), 10/5/20282,3,4		736,969
	750,000	Severin Acquisition LLC 8.599% (1-Month Term SOFR+300 basis points), 8/1/20252,3,4		750,067
	982,925	Surf Holdings LLC 8.956% (1-Month Term SOFR+350 basis points), 3/5/20272,3,4		978,163
	342,720	Thryv, Inc. 13.931% (1-Month Term SOFR+850 basis points), 3/1/20262,3,4		343,576
	898,272	Traverse Midstream Partners LLC 9.216% (6-Month Term SOFR+425 basis points), 9/27/20242,3,4		897,711
	463,074	UGI Energy Services LLC 8.666% (1-Month Term SOFR+325 basis points), 2/22/20302,3,4		463,254
	740,360	UKG, Inc. 9.219% (3-Month Term SOFR+375 basis points), 5/3/20262,3,4		739,790
	740,625	Univision Communications, Inc. 9.640% (3-Month Term SOFR+425 basis points), 6/24/20292,3,4		740,625
	744,260	Vertiv Group Corp. 8.179% (1-Month Term SOFR+275 basis points), 3/2/20272,3,4		743,843
	588,000	Vision Solutions, Inc. 9.640% (3-Month Term SOFR+400 basis points), 5/28/20282,3,4		561,614
	652,614	WaterBridge Midstream Operating LLC 11.363% (3-Month Term SOFR+575 basis points), 6/21/20262,3,4		653,521

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BANK LOANS (Continued)
	738,722	Whatabrands LLC 8.431% (1-Month Term SOFR+325 basis points), 8/3/20282,3,4	$	732,908
	738,608	Zelis Payments Buyer, Inc. 8.931% (1-Month Term SOFR+350 basis points), 9/30/20262,3,4		739,379
		Total Bank Loans
		(Cost $54,584,612)		54,253,358
		BONDS — 83.0%
		ASSET-BACKED SECURITIES — 74.7%
		522 Funding CLO Ltd.
	1,000,000	Series 2020-6A, Class F, 13.714% (3-Month Term SOFR+830.16 basis points), 10/23/20343,4,8		846,567
	1,500,000	Series 2019-5A, Class ER, 12.154% (3-Month Term SOFR+676 basis points), 4/15/20353,4,8		1,386,302
	1,000,000	ALM Ltd. Series 2020-1A, Class D, 11.655% (3-Month Term SOFR+626.16 basis points), 10/15/20293,4,8		966,145
	1,400,000	Anchorage Credit Funding Ltd. Series 2015-1A, Class ERV, 6.700%, 7/28/20373,8		1,134,312
	1,050,000	Annisa CLO Series 2016-2A, Class DR, 8.677% (3-Month Term SOFR+326.16 basis points), 7/20/20313,4,8		1,022,199
		Apidos CLO
	1,250,000	Series 2017-28A, Class D, 11.177% (3-Month Term SOFR+576.16 basis points), 1/20/20313,4,8		1,095,300
	500,000	Series 2015-20A, Class DR, 11.355% (3-Month Term SOFR+596.16 basis points), 7/16/20313,4,8		440,800
		Apidos CLO
	1,500,000	Series 2018-29A, Class C, 8.390% (3-Month Term SOFR+301.16 basis points), 7/25/20303,4,8		1,442,800
	1,250,000	Series 2017-28A, Class C, 8.177% (3-Month Term SOFR+276.16 basis points), 1/20/20313,4,8		1,191,342
		Ares CLO Ltd.
	750,000	Series 2017-42A, Class E, 11.724% (3-Month Term SOFR+631.16 basis points), 1/22/20283,4,8		709,005
	650,000	Series 2015-38A, Class DR, 8.177% (3-Month Term SOFR+276.16 basis points), 4/20/20303,4,8		615,329
	1,700,000	Series 2018-50A, Class D, 8.555% (3-Month Term SOFR+316.16 basis points), 1/15/20323,4,8		1,630,348
	2,000,000	Series 2021-62A, Class SUB, 0.000%, 1/25/20343,8,9		1,210,055
	1,000,000	ASSURANT CLO Ltd. Series 2017-1A, Class ER, 12.877% (3-Month Term SOFR+746.16 basis points), 10/20/20343,4,8		878,515

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	500,000	Bain Capital Credit CLO Series 2018-1A, Class D, 8.374% (3-Month Term SOFR+296.16 basis points), 4/23/20313,4,8	$	459,391
	1,000,000	Bain Capital Credit CLO Ltd. Series 2021-7A, Class D, 8.924% (3-Month Term SOFR+351.16 basis points), 1/22/20353,4,8		955,320
		Ballyrock CLO Ltd.
	1,500,000	Series 2019-2A, Class CR, 8.791% (3-Month Term SOFR+341.16 basis points), 11/20/20303,4,8		1,493,796
	750,000	Series 2019-1A, Class DR, 12.405% (3-Month Term SOFR+701.16 basis points), 7/15/20323,4,8		727,945
	1,100,000	Series 2023-23A, Class D, 13.548% (3-Month Term SOFR+817 basis points), 4/25/20363,4,8		1,100,490
		Barings CLO Ltd.
	1,500,000	Series 2017-1A, Class E, 11.657% (3-Month Term SOFR+626.16 basis points), 7/18/20293,4,8		1,450,235
	1,000,000	Series 2017-1A, Class F, 13.107% (3-Month Term SOFR+771.16 basis points), 7/18/20293,4,8		793,562
	1,000,000	Series 2016-2A, Class DR2, 8.827% (3-Month Term SOFR+341.16 basis points), 1/20/20323,4,8		961,343
		Barings CLO Ltd.
	1,000,000	Series 2018-4A, Class D, 8.555% (3-Month Term SOFR+316.16 basis points), 10/15/20303,4,8		979,059
	1,000,000	Series 2015-2A, Class DR, 8.627% (3-Month Term SOFR+321.16 basis points), 10/20/20303,4,8		962,559
	1,000,000	Series 2015-IA, Class DR, 8.277% (3-Month Term SOFR+286.16 basis points), 1/20/20313,4,8		940,063
	1,500,000	Barings Euro CLO DAC Series 2015-1X, Class DRR, 7.606% (3-Month Euribor+365 basis points), 7/25/20353,4		1,466,680
	500,000	Battalion CLO Ltd. Series 2016-10A, Class CR2, 9.110% (3-Month Term SOFR+371.16 basis points), 1/25/20353,4,8		461,232
	1,000,000	Bean Creek CLO Ltd. Series 2015-1A, Class DR, 8.427% (3-Month Term SOFR+301.16 basis points), 4/20/20313,4,8		955,610
		Benefit Street Partners CLO Ltd.
	1,000,000	Series 2013-IIIA, Class DR, 12.277% (3-Month Term SOFR+686.16 basis points), 7/20/20293,4,8		971,820
	1,050,000	Series 2017-12A, Class C, 8.705% (3-Month Term SOFR+331.16 basis points), 10/15/20303,4,8		1,041,981

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	1,000,000	Series 2017-12A, Class D, 12.065% (3-Month Term SOFR+667.16 basis points), 10/15/20303,4,8	$	922,987
	500,000	Series 2015-8A, Class DR, 11.277% (3-Month Term SOFR+586.16 basis points), 1/20/20313,4,8		423,759
	1,250,000	Series 2018-14A, Class E, 11.027% (3-Month Term SOFR+561.16 basis points), 4/20/20313,4,8		1,122,446
	1,000,000	Series 2019-18A, Class DR, 9.055% (3-Month Term SOFR+366.16 basis points), 10/15/20343,4,8		962,601
	1,500,000	Series 2020-21A, Class ER, 12.355% (3-Month Term SOFR+696.16 basis points), 10/15/20343,4,8		1,468,121
	1,000,000	Series 2019-18A, Class ER, 12.405% (3-Month Term SOFR+701.16 basis points), 10/15/20343,4,8		980,122
	1,000,000	BlueMountain CLO Ltd. Series 2020-29A, Class D2R, 9.890% (3-Month Term SOFR+451.16 basis points), 7/25/20343,4,8		982,557
	750,000	Bryant Park Funding Ltd. Series 2023-21A, Class E, 13.955% (3-Month Term SOFR+847 basis points), 10/18/20363,4,8		735,911
	500,000	Canyon Capital CLO Ltd. Series 2014-1A, Class CR, 8.402% (3-Month Term SOFR+301.16 basis points), 1/30/20313,4,8		470,661
		Carlyle Global Market Strategies CLO Ltd.
	1,000,000	Series 2014-4RA, Class D, 11.305% (3-Month Term SOFR+591.16 basis points), 7/15/20303,4,8		856,309
	750,000	Series 2014-1A, Class DR, 8.264% (3-Month Term SOFR+286.16 basis points), 4/17/20313,4,8		707,997
	1,500,000	Series 2014-2RA, Class C, 8.426% (3-Month Term SOFR+306.16 basis points), 5/15/20313,4,8		1,421,683
	1,000,000	Carlyle Global Market Strategies Euro CLO Series 2022-5X, Class A2B, 6.500%, 10/25/20353		1,060,437
	2,000,000	CIFC European Funding CLO Series 3X, Class D, 7.565% (3-Month Euribor+360 basis points), 1/15/20343,4		2,028,642
		CIFC Funding Ltd.
	2,000,000	Series 2015-3A, Class ER, 10.608% (3-Month Term SOFR+521.16 basis points), 4/19/20293,4,8		1,814,459
	1,000,000	Series 2017-4A, Class D, 11.760% (3-Month Term SOFR+636.16 basis points), 10/24/20303,4,8		932,010
	1,500,000	Series 2013-4A, Class DRR, 8.449% (3-Month Term SOFR+306.16 basis points), 4/27/20313,4,8		1,448,478
	1,000,000	Series 2013-4A, Class ERR, 11.099% (3-Month Term SOFR+571.16 basis points), 4/27/20313,4,8		909,584

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	500,000	Series 2018-3A, Class E, 11.157% (3-Month Term SOFR+576.16 basis points), 7/18/20313,4,8	$	462,690
	1,000,000	Series 2016-1A, Class D2RR, 9.924% (3-Month Term SOFR+451.16 basis points), 10/21/20313,4,8		997,500
	1,000,000	Clear Creek CLO Series 2015-1A, Class DR, 8.627% (3-Month Term SOFR+321.16 basis points), 10/20/20303,4,8		974,389
		Crestline Denali CLO Ltd.
	750,000	Series 2018-1A, Class D, 8.277% (3-Month Term SOFR+286.16 basis points), 1/20/20303,4,8		692,605
	1,250,000	Series 2017-1A, Class D, 9.407% (3-Month Term SOFR+399.16 basis points), 4/20/20303,4,8		1,232,039
	1,000,000	Series 2016-1A, Class DR, 9.024% (3-Month Term SOFR+361.16 basis points), 10/23/20313,4,8		925,777
	1,750,000	Dartry Park CLO DAC Series 1X, Class CRR, 7.298% (3-Month Euribor+335 basis points), 1/28/20343,4		1,714,563
	1,000,000	Denali Capital CLO Ltd. Series 2016-1A, Class DR, 8.405% (3-Month Term SOFR+301.16 basis points), 4/15/20313,4,8		925,972
		Dryden CLO Ltd.
	4,000,000	Series 2020-86A, Class SUB, 0.000%, 7/17/20303,8,9		1,975,591
	750,000	Series 2018-65A, Class D, 8.757% (3-Month Term SOFR+336.16 basis points), 7/18/20303,4,8		714,989
	995,000	Series 2018-57A, Class D, 8.176% (3-Month Term SOFR+281.16 basis points), 5/15/20313,4,8		926,028
	330,000	Series 2018-57A, Class E, 10.826% (3-Month Term SOFR+546.16 basis points), 5/15/20313,4,8		279,443
	1,000,000	Series 2020-77A, Class ER, 11.511% (3-Month Term SOFR+613.16 basis points), 5/20/20343,4,8		885,587
	1,000,000	Series 2020-77A, Class FR, 13.231% (3-Month Term SOFR+785.16 basis points), 5/20/20343,4,8		815,232
	1,000,000	Series 2022-106A, Class D, 11.094% (3-Month Term SOFR+570 basis points), 10/15/20353,4,8		1,019,515
		Dryden Euro CLO
	1,000,000	Series 2021-91X, Class D, 8.825% (3-Month Euribor+485 basis points), 4/18/20353,4		1,022,448
	1,250,000	Series 2021-103X, Class B2, 7.500%, 1/19/20363		1,341,769
	1,000,000	Dryden Euro CLO B.V. Series 2013-29X, Class B2RE, 2.050%, 7/15/20323		942,552

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
		Dryden Senior Loan Fund
	2,500,000	Series 2013-30A, Class DR, 8.226% (3-Month Term SOFR+286.16 basis points), 11/15/20283,4,8	$	2,401,376
	1,000,000	Series 2013-30A, Class FR, 12.876% (3-Month Term SOFR+751.16 basis points), 11/15/20283,4,8		822,748
	750,000	Series 2014-36A, Class DR3, 9.345% (3-Month Term SOFR+395.16 basis points), 4/15/20293,4,8		739,829
	1,875,000	Series 2015-38A, Class DR, 8.655% (3-Month Term SOFR+326.16 basis points), 7/15/20303,4,8		1,782,829
	750,000	Series 2016-45A, Class DR, 8.805% (3-Month Term SOFR+341.16 basis points), 10/15/20303,4,8		730,906
		Eaton Vance CLO Ltd.
	1,075,000	Series 2015-1A, Class DR, 8.177% (3-Month Term SOFR+276.16 basis points), 1/20/20303,4,8		1,018,047
	850,000	Series 2015-1A, Class ER, 11.277% (3-Month Term SOFR+586.16 basis points), 1/20/20303,4,8		733,473
	500,000	Series 2014-1RA, Class E, 11.355% (3-Month Term SOFR+596.16 basis points), 7/15/20303,4,8		431,248
	1,250,000	Series 2018-1A, Class D, 8.855% (3-Month Term SOFR+346.16 basis points), 10/15/20303,4,8		1,196,096
	1,500,000	Series 2013-1A, Class D3R, 12.455% (3-Month Term SOFR+706.16 basis points), 1/15/20343,4,8		1,419,586
	1,000,000	Series 2020-2A, Class ER, 12.155% (3-Month Term SOFR+676.16 basis points), 1/15/20353,4,8		970,902
		Elmwood CLO Ltd.
	1,000,000	Series 2019-2A, Class DR, 8.677% (3-Month Term SOFR+326.16 basis points), 4/20/20343,4,8		983,112
	600,000	Series 2019-3A, Class FR, 13.417% (3-Month Term SOFR+800.16 basis points), 10/20/20343,4,8		552,000
		Flatiron CLO Ltd.
	5,425,000	Series 2017-1A, Class SUB, 0.000%, 5/15/20303,8,9		2,354,112
	3,500,000	Series 2018-1A, Class SUB, 0.000%, 4/17/20313,8,9		1,609,154
	750,000	Flatiron RR CLO LLC Series 2021-2A, Class E, 11.855% (3-Month Term SOFR+646.16 basis points), 10/15/20343,4,8		711,064
		Galaxy CLO Ltd.
	1,320,000	Series 2017-23A, Class E, 11.810% (3-Month Term SOFR+641.16 basis points), 4/24/20293,4,8		1,266,854
	1,250,000	Series 2017-24A, Class D, 8.105% (3-Month Term SOFR+271.16 basis points), 1/15/20313,4,8		1,211,136
	1,125,000	Series 2017-24A, Class E, 11.155% (3-Month Term SOFR+576.16 basis points), 1/15/20313,4,8		1,055,370

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	1,000,000	Series 2023-32A, Class E, 0.000% (3-Month Term SOFR+733 basis points), 10/20/20363,4,8,10	$	990,000
	1,000,000	Generate CLO Ltd. Series 4A, Class ER, 12.427% (3-Month Term SOFR+701.16 basis points), 4/20/20323,4,8		992,103
		Generate CLO Ltd.
	1,250,000	Series 2A, Class DR, 8.274% (3-Month Term SOFR+286.16 basis points), 1/22/20313,4,8		1,218,109
	750,000	Series 2A, Class F, 12.924% (3-Month Term SOFR+751.16 basis points), 1/22/20313,4,8		684,917
	1,250,000	Series 7A, Class D, 9.474% (3-Month Term SOFR+406.16 basis points), 1/22/20333,4,8		1,249,374
	1,000,000	Series 9A, Class E, 12.527% (3-Month Term SOFR+711.16 basis points), 10/20/20343,4,8		978,671
	1,000,000	Series 6A, Class ER, 12.474% (3-Month Term SOFR+706.16 basis points), 1/22/20353,4,8		976,544
	2,000,000	Series 2023-11A, Class D, 11.166% (3-Month Term SOFR+575 basis points), 4/20/20353,4,8		2,040,692
	2,000,000	Gilbert Park CLO Ltd. Series 2017-1A, Class E, 12.055% (3-Month Term SOFR+666.16 basis points), 10/15/20303,4,8		1,771,174
	750,000	GoldenTree Loan Management EUR CLO DAC Series 5X, Class E, 9.243% (3-Month Euribor+525 basis points), 4/20/20343,4		707,316
		GoldenTree Loan Management U.S. CLO Ltd.
	1,000,000	Series 2020-7A, Class FR, 13.427% (3-Month Term SOFR+801.16 basis points), 4/20/20343,4,8		849,417
	750,000	Series 2021-10A, Class F, 13.467% (3-Month Term SOFR+805.16 basis points), 7/20/20343,4,8		635,070
		GoldenTree Loan Opportunities Ltd.
	2,000,000	Series 2014-9A, Class ER2, 11.312% (3-Month Term SOFR+592.16 basis points), 10/29/20293,4,8		2,000,464
	1,500,000	Series 2016-12A, Class ER, 11.074% (3-Month Term SOFR+566.16 basis points), 7/21/20303,4,8		1,382,105
	1,000,000	Series 2015-11A, Class FR2, 12.107% (3-Month Term SOFR+671.16 basis points), 1/18/20313,4,8		848,366
	500,000	Greenwood Park CLO Ltd. Series 2018-1A, Class E, 10.605% (3-Month Term SOFR+521.16 basis points), 4/15/20313,4,8		418,100
	1,000,000	Griffith Park CLO DAC Series 1X, Class DR, 9.335% (3-Month Euribor+552 basis points), 11/21/20313,4		948,842

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
		Grippen Park CLO Ltd.
	4,000,000	Series 2017-1A, Class SUB, 0.000%, 1/20/20303,8,9	$	804,452
	1,000,000	Series 2017-1A, Class E, 11.377% (3-Month Term SOFR+596.16 basis points), 1/20/20303,4,8		952,122
	1,000,000	Harvest CLO DAC Series 16A, Class B1RR, 5.265% (3-Month Euribor+130 basis points), 10/15/20313,4,8		1,017,726
		Highbridge Loan Management Ltd.
	850,000	Series 3A-2014, Class CR, 9.257% (3-Month Term SOFR+386.16 basis points), 7/18/20293,4,8		838,190
	1,250,000	Series 5A-2015, Class DRR, 8.805% (3-Month Term SOFR+341.16 basis points), 10/15/20303,4,8		1,157,211
	3,500,000	Series 12A-18, Class SUB, 0.000%, 7/18/20313,8,9		1,543,594
	2,360,000	Series 12A-18, Class D, 10.807% (3-Month Term SOFR+541.16 basis points), 7/18/20313,4,8		2,154,279
		HPS Loan Management Ltd.
	500,000	Series 8A-2016, Class ER, 11.177% (3-Month Term SOFR+576.16 basis points), 7/20/20303,4,8		432,287
	1,500,000	Series 6A-2015, Class CR, 8.131% (3-Month Term SOFR+276.16 basis points), 2/5/20313,4,8		1,402,588
	2,000,000	Series 15A-19, Class ER, 12.212% (3-Month Term SOFR+680 basis points), 1/22/20353,4,8		1,855,883
	1,000,000	Invesco CLO Ltd. Series 2022-3A, Class D, 10.412% (3-Month Term SOFR+500 basis points), 10/22/20353,4,8		1,006,420
	1,500,000	Invesco U.S. CLO Ltd. Series 2023-1A, Class E, 13.772% (3-Month Term SOFR+836 basis points), 4/22/20353,4,8		1,507,359
	750,000	LCM LP Series 18A, Class DR, 8.477% (3-Month Term SOFR+306.16 basis points), 4/20/20313,4,8		660,287
		Madison Park Funding Ltd.
	1,334,322	Series 12A, Class ER, 10.924% (3-Month Term SOFR+551.16 basis points), 4/22/20273,4,8		1,332,719
	1,250,000	Series 2015-19A, Class CR, 7.824% (3-Month Term SOFR+241.16 basis points), 1/22/20283,4,8		1,234,879
	1,000,000	Series 2015-19A, Class ER, 11.774% (3-Month Term SOFR+636.16 basis points), 1/22/20283,4,8		952,393
	1,750,000	Series 2014-13A, Class ER, 11.408% (3-Month Term SOFR+601.16 basis points), 4/19/20303,4,8		1,691,035
	1,000,000	Series 2014-13A, Class FR, 13.608% (3-Month Term SOFR+821.16 basis points), 4/19/20303,4,8		929,203

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	1,000,000	Series 2017-26A, Class DR, 8.652% (3-Month Term SOFR+326.16 basis points), 7/29/20303,4,8	$	989,107
	875,000	Magnetite Ltd. Series 2016-18A, Class ER, 10.876% (3-Month Term SOFR+551.16 basis points), 11/15/20283,4,8		841,231
		Magnetite Ltd.
	1,000,000	Series 2014-8A, Class ER2, 11.305% (3-Month Term SOFR+591.16 basis points), 4/15/20313,4,8		961,427
	1,050,000	Series 2015-12A, Class FR, 13.605% (3-Month Term SOFR+821.16 basis points), 10/15/20313,4,8		912,627
	1,500,000	Series 2015-14RA, Class F, 13.587% (3-Month Term SOFR+819.16 basis points), 10/18/20313,4,8		1,327,605
	1,000,000	Series 2023-39A, Class D, 9.535% (3-Month Term SOFR+415 basis points), 10/25/20333,4,8,10		1,000,000
	750,000	Series 2022-35A, Class ER, 12.628% (3-Month Term SOFR+725 basis points), 10/25/20363,4,8		750,000
	800,000	Milos CLO Ltd. Series 2017-1A, Class ER, 11.827% (3-Month Term SOFR+641.16 basis points), 10/20/20303,4,8		725,533
		Morgan Stanley Eaton Vance CLO Ltd.
	1,000,000	Series 2021-1A, Class E, 12.424% (3-Month Term SOFR+701.16 basis points), 10/20/20343,4,8		950,996
	1,250,000	Series 2022-16A, Class E, 12.244% (3-Month Term SOFR+685 basis points), 4/15/20353,4,8		1,221,001
	1,250,000	Series 2022-17A, Class E, 13.316% (3-Month Term SOFR+790 basis points), 7/20/20353,4,8		1,260,678
	1,000,000	Series 2022-18A, Class E, 13.916% (3-Month Term SOFR+850 basis points), 10/20/20353,4,8		1,016,216
	1,000,000	Series 2023-19A, Class E, 14.156% (3-Month Term SOFR+890 basis points), 7/20/20363,4,8		1,009,931
	750,000	Mountain View CLO Ltd. Series 2019-1A, Class DR, 9.595% (3-Month Term SOFR+420.16 basis points), 10/15/20343,4,8		725,656
		Neuberger Berman CLO Ltd.
	1,000,000	Series 2016-22A, Class ER, 11.724% (3-Month Term SOFR+632.16 basis points), 10/17/20303,4,8		910,352
	5,000,000	Series 2015-20A, Class SUB, 0.000%, 7/15/20343,8,9		1,858,029
		Neuberger Berman Loan Advisers CLO Ltd.
	1,500,000	Series 2018-27A, Class E, 10.855% (3-Month Term SOFR+546.16 basis points), 1/15/20303,4,8		1,403,193
	1,250,000	Series 2017-24A, Class E, 11.678% (3-Month Term SOFR+628.16 basis points), 4/19/20303,4,8		1,157,444

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	1,000,000	Neuberger Berman Loan Advisers Euro CLO Series 2021-1X, Class D, 6.985% (3-Month Euribor+300 basis points), 4/17/20343,4	$	980,620
	1,000,000	New Mountain CLO Ltd. Series CLO-3A, Class E, 12.277% (3-Month Term SOFR+686.16 basis points), 10/20/20343,4,8		979,113
		New Mountain CLO Ltd.
	1,175,000	Series CLO-2A, Class E, 12.015% (3-Month Term SOFR+662.16 basis points), 4/15/20343,4,8		1,139,182
	1,500,000	Series CLO-1A, Class ER, 12.335% (3-Month Term SOFR+694.16 basis points), 10/15/20343,4,8		1,474,440
	500,000	Series CLO-4A, Class E, 13.566% (3-Month Term SOFR+815 basis points), 4/20/20363,4,8		502,315
	1,250,000	Newark BSL CLO Ltd. Series 2017-1A, Class CR, 8.790% (3-Month Term SOFR+341.16 basis points), 7/25/20303,4,8		1,207,958
	1,250,000	Oak Hill Credit Partners Ltd. Series 2014-10RA, Class D2R, 10.427% (3-Month Term SOFR+501.16 basis points), 4/20/20343,4,8		1,257,681
		OCP CLO Ltd.
	1,000,000	Series 2017-14A, Class C, 8.241% (3-Month Term SOFR+286.16 basis points), 11/20/20303,4,8		962,500
	2,050,000	Series 2014-5A, Class CR, 8.541% (3-Month Term SOFR+316.16 basis points), 4/26/20313,4,8		1,890,795
	500,000	Series 2020-8RA, Class D, 12.664% (3-Month Term SOFR+726.16 basis points), 1/17/20323,4,8		481,497
	1,250,000	Series 2020-18A, Class ER, 12.107% (3-Month Term SOFR+669.16 basis points), 7/20/20323,4,8		1,177,822
	1,000,000	Series 2019-17A, Class ER, 12.177% (3-Month Term SOFR+676.16 basis points), 7/20/20323,4,8		941,714
	1,000,000	Series 2016-12A, Class ER2, 12.545% (3-Month Term SOFR+715 basis points), 4/18/20333,4,8		956,050
	1,000,000	Series 2021-22A, Class D, 8.777% (3-Month Term SOFR+336.16 basis points), 12/2/20343,4,8		937,609
	1,000,000	Series 2021-22A, Class E, 12.277% (3-Month Term SOFR+686.16 basis points), 12/2/20343,4,8		931,164
	1,000,000	Series 2023-28A, Class E, 13.820% (3-Month Term SOFR+840 basis points), 7/16/20363,4,8		1,003,824
	1,000,000	Octagon 70 Alto Ltd. Series 2023-1A, Class E, 12.065% (3-Month Term SOFR+666 basis points), 10/20/20363,4,8		962,042

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
		Octagon Investment Partners Ltd.
	1,000,000	Series 2012-1A, Class CRR, 9.555% (3-Month Term SOFR+416.16 basis points), 7/15/20293,4,8	$	968,182
	1,500,000	Series 2013-1A, Class DR2, 8.140% (3-Month Term SOFR+276.16 basis points), 1/25/20313,4,8		1,397,618
	1,000,000	Series 2018-18A, Class C, 8.355% (3-Month Term SOFR+296.16 basis points), 4/16/20313,4,8		948,803
	750,000	Series 2020-1A, Class ER, 11.927% (3-Month Term SOFR+651.16 basis points), 7/20/20343,4,8		686,683
	1,500,000	Series 2020-4A, Class ER, 12.455% (3-Month Term SOFR+706.16 basis points), 1/15/20353,4,8		1,366,284
	1,000,000	OSD CLO Ltd. Series 2021-23A, Class E, 11.664% (3-Month Term SOFR+626.16 basis points), 4/17/20313,4,8		935,663
		OZLM Ltd.
	1,500,000	Series 2014-8A, Class DRR, 11.744% (3-Month Term SOFR+634.16 basis points), 10/17/20293,4,8		1,399,557
	1,000,000	Series 2017-16A, Class C, 9.183% (3-Month Term SOFR+381.16 basis points), 5/16/20303,4,8		984,907
	1,250,000	Series 2018-22A, Class C, 8.314% (3-Month Term SOFR+291.16 basis points), 1/17/20313,4,8		1,186,148
	1,750,000	Series 2014-6A, Class CS, 8.794% (3-Month Term SOFR+339.16 basis points), 4/17/20313,4,8		1,664,962
	1,500,000	Series 2018-20A, Class C, 8.627% (3-Month Term SOFR+321.16 basis points), 4/20/20313,4,8		1,381,545
		Post CLO Ltd.
	1,500,000	Series 2022-1A, Class E, 12.166% (3-Month Term SOFR+675 basis points), 4/20/20353,4,8		1,385,257
	2,000,000	Series 2023-1A, Class E, 13.316% (3-Month Term SOFR+790 basis points), 4/20/20363,4,8		1,972,521
	750,000	PPM CLO Ltd. Series 2019-3A, Class ER, 12.274% (3-Month Term SOFR+687.16 basis points), 4/17/20343,4,8		670,433
		Recette CLO Ltd.
	1,000,000	Series 2015-1A, Class YRR, 0.100%, 4/20/20343,8		28,584
	1,750,000	Series 2015-1A, Class FRR, 14.147% (3-Month Term SOFR+873.16 basis points), 4/20/20343,4,8		1,456,079
		Regatta Funding Ltd.
	1,132,500	Series 2018-4A, Class D, 12.140% (3-Month Term SOFR+676.16 basis points), 10/25/20313,4,8		1,026,422
	750,000	Series 2016-1A, Class ER2, 12.059% (3-Month Term SOFR+666.16 basis points), 6/20/20343,4,8		674,075

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
	1,000,000	Series 2023-2A, Class D, 9.535% (3-Month Term SOFR+525 basis points), 1/25/20373,4,8	$	1,000,000
	625,000	Riserva CLO Ltd. Series 2016-3A, Class FRR, 14.167% (3-Month Term SOFR+877.16 basis points), 1/18/20343,4,8		521,946
		Rockford Tower CLO Ltd.
	1,125,000	Series 2017-2A, Class ER, 11.905% (3-Month Term SOFR+651.16 basis points), 10/15/20293,4,8		1,059,794
	1,400,000	Series 2020-1A, Class E, 12.577% (3-Month Term SOFR+716.16 basis points), 1/20/20323,4,8		1,343,039
	1,500,000	RR15 Ltd. Series 2021-15A, Class C, 8.555% (3-Month Term SOFR+316.16 basis points), 4/15/20363,4,8		1,441,515
	1,000,000	Shackleton CLO Ltd. Series 2013-4RA, Class C, 8.525% (3-Month Term SOFR+313.16 basis points), 4/13/20313,4,8		903,763
	5,121,212	Signal Peak CLO Ltd. Series 2017-4A, Class SUB, 0.000%, 10/26/20343,8,9		1,681,353
		Sound Point CLO Ltd.
	1,500,000	Series 2017-3A, Class C, 8.677% (3-Month Term SOFR+326.16 basis points), 10/20/20303,4,8		1,327,420
	875,000	Series 2018-2A, Class D, 8.641% (3-Month Term SOFR+326.16 basis points), 7/26/20313,4,8		757,096
	1,500,000	Series 2019-1A, Class DR, 9.177% (3-Month Term SOFR+376.16 basis points), 1/20/20323,4,8		1,348,197
	1,000,000	Series 2019-3A, Class DR, 9.140% (3-Month Term SOFR+376.16 basis points), 10/25/20343,4,8		900,718
	1,000,000	Stratus CLO Ltd. Series 2021-2A, Class F, 13.037% (3-Month Term SOFR+762.16 basis points), 12/28/20293,4,8		955,758
		Stratus CLO Ltd.
	750,000	Series 2021-2A, Class D, 8.327% (3-Month Term SOFR+291.16 basis points), 12/28/20293,4,8		732,861
	650,000	Series 2021-1A, Class F, 12.927% (3-Month Term SOFR+751.16 basis points), 12/29/20293,4,8		618,679
	1,000,000	Series 2022-1A, Class E, 12.916% (3-Month Term SOFR+750 basis points), 7/20/20303,4,8		998,703
	1,000,000	Symphony CLO Ltd. Series 2016-18A, Class DR, 8.924% (3-Month Term SOFR+351.16 basis points), 7/23/20333,4,8		952,734

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		ASSET-BACKED SECURITIES (Continued)
		TCI-Flatiron CLO Ltd.
	1,000,000	Series 2017-1A, Class E, 11.988% (3-Month Term SOFR+661.16 basis points), 11/18/20303,4,8	$	993,352
	1,000,000	Series 2016-1A, Class DR3, 8.403% (3-Month Term SOFR+300 basis points), 1/17/20323,4,8		980,139
	1,500,000	Series 2016-1A, Class ER3, 11.653% (3-Month Term SOFR+625 basis points), 1/17/20323,4,8		1,446,045
	750,000	TCI-Symphony CLO Ltd. Series 2017-1A, Class E, 12.105% (3-Month Term SOFR+671.16 basis points), 7/15/20303,4,8		600,824
	1,000,000	Thayer Park CLO Ltd. Series 2017-1A, Class ER, 14.547% (3-Month Term SOFR+913.16 basis points), 4/20/20343,4,8		831,867
	2,350,000	THL Credit Wind River CLO Ltd. Series 2013-2A, Class DR, 8.607% (3-Month Term SOFR+321.16 basis points), 10/18/20303,4,8		2,150,368
	938,000	TICP CLO Ltd. Series 2016-5A, Class ER, 11.414% (3-Month Term SOFR+601.16 basis points), 7/17/20313,4,8		845,814
		Voya CLO Ltd.
	750,000	Series 2015-1A, Class CR, 8.007% (3-Month Term SOFR+261.16 basis points), 1/18/20293,4,8		723,122
	500,000	Series 2013-1A, Class CR, 8.605% (3-Month Term SOFR+321.16 basis points), 10/15/20303,4,8		456,695
	2,000,000	Series 2016-3A, Class CR, 8.907% (3-Month Term SOFR+351.16 basis points), 10/18/20313,4,8		1,818,633
	1,000,000	Series 2020-2A, Class ER, 12.058% (3-Month Term SOFR+666.16 basis points), 7/19/20343,4,8		958,641
	1,000,000	Series 2019-4A, Class ER, 12.365% (3-Month Term SOFR+697.16 basis points), 1/15/20353,4,8		913,614
	750,000	Series 2022-1A, Class E, 12.886% (3-Month Term SOFR+747 basis points), 4/20/20353,4,8		719,525
	1,000,000	Series 2022-3A, Class ER, 13.416% (3-Month Term SOFR+800 basis points), 10/20/20363,4,8		999,960
	1,500,000	Voya Euro CLO DAC Series 1X, Class B2NE, 2.100%, 10/15/20303		1,432,385
	750,000	Wind River CLO Ltd. Series 2014-3A, Class DR2, 9.074% (3-Month Term SOFR+366.16 basis points), 10/22/20313,4,8		654,293
		Total Asset-Backed Securities
		(Cost $230,531,136)		219,551,219

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		COMMERCIAL MORTGAGE-BACKED SECURITIES — 0.4%
	203,000	DBUBS Mortgage Trust Series 2011-LC3A, Class PM2, 5.098%, 5/10/20443,8,9	$	149,966
	1,000,000	GS Mortgage Securities Corp. II Series 2012-BWTR, Class A, 2.954%, 11/5/20343,8		749,451
	500,000	WFLD Mortgage Trust Series 2014-MONT, Class D, 3.755%, 8/10/20313,8,9		152,250
	750,000	Worldwide Plaza Trust Series 2017-WWP, Class F, 3.596%, 11/10/20368,9		120,876
		Total Commercial Mortgage-Backed Securities
		(Cost $2,030,566)		1,172,543
		CORPORATE — 7.9%
		BASIC MATERIALS — 0.2%
	500,000	INEOS Quattro Finance 2 PLC 2.500%, 1/15/20263		493,984
		COMMUNICATIONS — 0.7%
	665,000	Global Switch Finance B.V. 1.375%, 10/7/20303		586,935
	665,000	Matterhorn Telecom S.A. 3.125%, 9/15/20263		658,978
	500,000	Nexstar Media, Inc. 5.625%, 7/15/20273,8		450,350
	700,000	Scripps Escrow, Inc. 5.875%, 7/15/20273,8		523,887
				2,220,150
		CONSUMER, CYCLICAL — 1.4%
	650,000	Air Canada 3.875%, 8/15/20263,7,8		592,051
	570,000	Churchill Downs, Inc. 4.750%, 1/15/20283,8		511,133
	525,000	Dana Financing Luxembourg Sarl 8.500%, 7/15/20313		568,690
	830,000	International Game Technology PLC 6.250%, 1/15/20273,7,8		809,667
	850,000	Pinnacle Bidco PLC 8.250%, 10/11/20283		873,716
	775,000	Scientific Games Holdings LP/Scientific Games U.S. FinCo, Inc. 6.625%, 3/1/20303,8		667,209
				4,022,466

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		CORPORATE (Continued)
		CONSUMER, NON-CYCLICAL — 1.3%
	800,000	Albion Financing 1 SARL / Aggreko Holdings, Inc. 6.125%, 10/15/20263,7,8	$	740,924
	400,000	GEMS MENASA Cayman Ltd. / GEMS Education Delaware LLC 7.125%, 7/31/20263,7,8		385,448
	525,000	House of HR Group B.V. 9.000%, 11/3/20293		542,839
	560,000	LifePoint Health, Inc. 5.375%, 1/15/20293,8		339,826
	700,000	Option Care Health, Inc. 4.375%, 10/31/20293,8		585,815
	570,000	Perrigo Finance Unlimited Co. 4.375%, 3/15/20263,7		535,678
	650,000	Shift4 Payments LLC / Shift4 Payments Finance Sub, Inc. 4.625%, 11/1/20263,8		601,185
				3,731,715
		ENERGY — 1.3%
	725,000	Energy Transfer LP 6.500% (USD 5 Year Tsy+569.4 basis points), 11/15/20263,9,11		658,430
	575,000	Genesis Energy LP / Genesis Energy Finance Corp. 6.250%, 5/15/20263		548,574
	550,000	Hess Midstream Operations LP 5.125%, 6/15/20283,8		508,358
	300,000	Murray Energy Corp. 11.250%, 10/17/2027*,3,8,10,12		—
	590,000	Nabors Industries Ltd. 7.250%, 1/15/20263,7,8		554,739
	900,000	NextEra Energy Partners LP 2.500%, 6/15/20268,13		780,300
	865,000	Northriver Midstream Finance LP 5.625%, 2/15/20263,7,8		818,792
				3,869,193
		FINANCIAL — 0.4%
	750,000	Acrisure LLC / Acrisure Finance, Inc. 7.000%, 11/15/20253,8		728,208
	550,000	Emeria SASU 7.750%, 3/31/20283		536,428
				1,264,636
		INDUSTRIAL — 1.0%
	526,000	Carriage Purchaser, Inc. 7.875%, 10/15/20293,8		390,341

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Principal Amount1			Value
		BONDS (Continued)
		CORPORATE (Continued)
		INDUSTRIAL (Continued)
	620,000	GFL Environmental, Inc. 5.125%, 12/15/20263,7,8	$	588,999
	755,000	Smyrna Ready Mix Concrete LLC 6.000%, 11/1/20283,8		698,773
	760,000	Standard Industries, Inc. 5.000%, 2/15/20273,8		703,332
	800,000	Trivium Packaging Finance B.V. 8.500%, 8/15/20273,7,8		668,738
				3,050,183
		TECHNOLOGY — 1.0%
	850,000	Banff Merger Sub, Inc. 8.375%, 9/1/20263		879,092
	750,000	Camelot Finance S.A. 4.500%, 11/1/20263,7,8		694,135
	600,000	Presidio Holdings, Inc. 8.250%, 2/1/20283,8		568,379
	875,000	Virtusa Corp. 7.125%, 12/15/20283,8		693,257
				2,834,863
		UTILITIES — 0.6%
	685,000	Calpine Corp. 5.000%, 2/1/20313,8		553,194
	700,000	Pike Corp. 5.500%, 9/1/20283,8		599,302
	535,000	Talen Energy Supply LLC 8.625%, 6/1/20303,8		544,153
				1,696,649
		Total Corporate
		(Cost $24,030,980)		23,183,839
		Total Bonds
		(Cost $256,592,682)		243,907,601

Number of Shares
		COMMON STOCKS — 0.1%
		FINANCIAL — 0.1%
	6,869	SL Green Realty Corp. - REIT	201,193

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

Number of Shares			Value
		COMMON STOCKS (Continued)
		FINANCIAL (Continued)
	10,700	Vornado Realty Trust - REIT	$	205,440
				406,633
		Total Common Stocks
		(Cost $1,048,246)		406,633
		SHORT-TERM INVESTMENTS — 8.4%
	24,793,284	Fidelity Investments Money Market Funds - Treasury Portfolio - Class I, 5.16%14,15	$	24,793,284
		Total Short-Term Investments
		(Cost $24,793,284)		24,793,284
		TOTAL INVESTMENTS — 110.0%
		(Cost $337,018,824)		323,360,876
		Liabilities in Excess of Other Assets — (10.0)%		(29,287,880	)
		TOTAL NET ASSETS — 100.0%	$	294,072,996

Principal Amount1
			SECURITIES SOLD SHORT — (0.5)%
			BONDS — (0.5)%
			CORPORATE — (0.5)%
			COMMUNICATIONS — (0.2)%
	(600,000	)	Telenet Finance Luxembourg Notes Sarl 3.500%, 3/1/20283		(579,886	)
			CONSUMER, CYCLICAL — (0.2)%
	(510,000	)	TUI Cruises GmbH 6.500%, 5/15/20263		(501,852	)
			CONSUMER, NON-CYCLICAL — (0.1)%
	(340,000	)	Upbound Group, Inc. 6.375%, 2/15/20293,8		(292,750	)
			Total Corporate
			(Proceeds $1,405,195)		(1,374,488	)
			Total Bonds
			(Proceeds $1,405,195)		(1,374,488	)
			Total Securities Sold Short
			(Proceeds $1,405,195)	$	(1,374,488	)

EUR – Euro

REIT – Real Estate Investment Trusts

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

*	Non-income producing security.
1	Local currency.
2	Bank loans generally pay interest at rates which are periodically determined by reference to a base lending rate plus a premium. All loans carry a variable rate of interest. These base lending rates are generally (i) the Prime Rate offered by one or more major United States banks, (ii) the lending rate offered by one or more European banks such as the London Interbank Offered Rate (“LIBOR”), (iii) the Certificate of Deposit rate, or (iv) Secured Overnight Financing Rate (“SOFR”). Bank Loans, while exempt from registration, under the Securities Act of 1933, contain certain restrictions on resale and cannot be sold publicly. Floating rate bank loans often require prepayments from excess cash flow or permit the borrower to repay at its election. The degree to which borrowers repay, whether as a contractual requirement or at their election, cannot be predicted with accuracy.
3	Callable.
4	Floating rate security.
5	All or a portion of the loan is unfunded.
6	Denotes investments purchased on a when-issued or delayed delivery basis.
7	Foreign security denominated in U.S. Dollars.
8	Security exempt from registration under Rule 144A of the Securities Act of 1933. These securities are restricted and may be resold in transactions exempt from registration normally to qualified institutional buyers. The absolute value of these securities is $223,670,753 which represents 76.06% of total net assets of the Fund.
9	Variable rate security.
10	Level 3 securities fair valued under procedures established by the Board of Trustees, represents 0.68% of Net Assets. The total value of these securities is $1,990,000.
11	Perpetual security.
12	Security is in default.
13	Convertible security.
14	All or a portion of this security is segregated as collateral for securities sold short. The market value of the securities pledged as collateral was $1,993,820, which represents 0.68% of total net assets of the Fund.
15	The rate is the annualized seven-day yield at period end.

Palmer Square Opportunistic Income Fund

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued

As of October 31, 2023 (Unaudited)

SWAP CONTRACTS

CREDIT DEFAULT SWAP CONTRACTS

Pay/(b)

Rating(a)

Receive

Premium

Unrealized

Counterparty/

(Moody’s/

Fixed

Fixed/Rate

Expiration

Notional

Paid

Appreciation/

Reference Entity

S&P)

Rate

Frequency

Date

Amount

(Received)

(Depreciation)

Value

Morgan Stanley

Markit CDX NA High Yield

CDSI Series 41 Index

Unrated

Receive

5%/Quarterly

12/20/28

$

3,500,000

$

99,750

$

44,700

$

144,450

TOTAL CREDIT DEFAULT SWAP CONTRACTS

$

99,750

$

44,700

$

144,450

^(a) Ratings are presented for credit default contracts in which the fund has sold protection on the underlying referenced debt. Ratings for an underlying index represent the average of the ratings of all the securities included in that index. The Moody’s and Standard & Poor’s (S&P) ratings are believed to be the most recent ratings available at October 31, 2023.

^(b) If Palmer Square Opportunistic Income Fund is paying a fixed rate, the counterparty acts as guarantor of the variable instrument.  If Palmer Square Opportunistic Income Fund is receiving a fixed rate, Palmer Square Opportunistic Income Fund acts as guarantor of the variable instrument.

Palmer Square Opportunistic Income Fund          

CONSOLIDATED SCHEDULE OF INVESTMENTS - Continued      

As of October 31, 2023 (Unaudited)

FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS

			Currency		Value At				Unrealized
		Currency	Amount		Settlement		Value At		Appreciation
Purchase Contracts	Counterparty	Exchange	Purchased		Date		October 31, 2023		(Depreciation)
Euro	JP Morgan	EUR per USD		1,355,625	$	1,435,713	$	1,439,462	$	3,749
					$	1,435,713	$	1,439,462	$	3,749

			Currency			Value At						Unrealized
		Currency	Amount			Settlement			Value At			Appreciation
Sale Contracts	Counterparty	Exchange	Sold			Date			October 31, 2023			(Depreciation)
Euro	JP Morgan	EUR per USD		(19,287,875	)	$	(20,776,866	)	$	(20,480,488	)	$	296,378
						$	(20,776,866	)	$	(20,480,488	)	$	296,378
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS						$	(19,341,153	)	$	(19,041,026	)	$	300,127

EUR – Euro

USD – U.S. Dollar