# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-004080
**Filing Date:** 2026-2
**Character Count:** 55405
**Document Hash:** bfb282b2e15cfd22076672ba66f1cdb7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004080.hdr.sgml**: 20260223

**ACCESSION NUMBER**: 0000894189-26-004080

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260223

**DATE AS OF CHANGE**: 20260223

**PERIOD START**: 20251231

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 26662472

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147655067

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZODIAC TRUST
- **DATE OF NAME CHANGE:** 20010601

## Series and Classes Contracts Data

### Mairs & Power Minnesota Municipal Bond ETF (Series ID: S000069483)

| Class ID   | Class Name                                 | Ticker Symbol   |
|:---|:---|:---|
| C000221784 | Mairs & Power Minnesota Municipal Bond ETF | MINN            |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-520-5925

**Item A.2. Information about the Series.**

- **a. Name of Series:** Mairs & Power Minnesota Municipal Bond ETF

- **b. EDGAR series identifier (if any):** S000069483

- **c. LEI of Series:** 549300SDYEX47F7YYP51

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-12-31

- **b. Date as of which information is reported:** 2025-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $36050878.18

**Total Liabilities:** $5377.69

**Net Assets:** $36045500.49

**Currency Risk Metrics (dv01):**

- 

**Credit Spread Risk - Investment Grade (dv01):**

- **3-Month:** 118.265985000000 | **1-Year:** 1373.764777000000 | **5-Year:** 11834.526911000000 | **10-Year:** 10070.391625000000 | **30-Year:** 67.981267000000

**Credit Spread Risk - Non-Investment Grade (dv01):**

- **3-Month:** 2.271459000000 | **1-Year:** 199.446966000000 | **5-Year:** 142.460653000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000221784 | 1.29%                | 0.36%                | 0.30%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-5193.81                | $298154.22                                 |
| Month 2  | $0.00                    | $32394.76                                  |
| Month 3  | $-410.44                 | $21397.49                                  |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                           | Title                                                                  | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| CEDAR MOUNTAIN MN INDEP SCH DI | Cedar Mountain Independent School District No 2754                     | CUSIP: 150452DV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279826.05    | 0.78%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ELK RIVER MN ELEC REVENUE      | City of Elk River MN Electric Revenue                                  | CUSIP: 287423EM5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $64983.18     | 0.18%             | 2032-08-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| FAIRMONT MN INDEP SCH DIST #27 | Fairmont Independent School District No 2752                           | CUSIP: 305229HW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $507007.05    | 1.41%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HASTINGS MN                    | City of Hastings MN                                                    | CUSIP: 418509MY8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    175000 | PA      | $179528.18    | 0.50%             | 2027-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                  | CUSIP: 425507QF0<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    500000 | PA      | $543571.05    | 1.51%             | 2044-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INVER GROVE HEIGHTS MN INDEP S | Inver Grove Heights Independent School District No 199                 | CUSIP: 461225GD0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $568082.60    | 1.58%             | 2032-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KOOCHICHING CNTY MN            | County of Koochiching MN                                               | CUSIP: 500494FQ7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $334980.48    | 0.93%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MAPLE LAKE MN                  | City of Maple Lake MN                                                  | CUSIP: 565250RM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    260000 | PA      | $277461.96    | 0.77%             | 2036-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412A2V4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1040411.10   | 2.89%             | 2027-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                  | CUSIP: 425507HS2<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263542.65    | 0.73%             | 2037-12-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HUTCHINSON MN                  | City of Hutchinson MN                                                  | CUSIP: 448285QY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    270000 | PA      | $235579.40    | 0.65%             | 2034-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MADELIA MN                     | City of Madelia MN                                                     | CUSIP: 556394JQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    115000 | PA      | $103948.14    | 0.29%             | 2033-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                                   | CUSIP: 591852F29<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    155000 | PA      | $157739.36    | 0.44%             | 2030-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                                   | CUSIP: 591852Z76<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $107218.38    | 0.30%             | 2028-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MN INDEP SCH DIST #1 | Rosemount-Apple Valley-Eagan Independent School District No 196        | CUSIP: 777594ZX3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300459.33    | 0.83%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HSG & REDEV AUT | St Cloud Housing & Redevelopment Authority                             | CUSIP: 789163AV4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $121565.15    | 0.34%             | 2031-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| ROBBINSDALE MN INDEP SCH DIST# | Robbinsdale Independent School District No 281                         | CUSIP: 770265LD6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $285800.53    | 0.79%             | 2034-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN INDEP SCH DIST# | St Cloud Independent School District No 742/MN                         | CUSIP: 789177SZ6<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |    150000 | PA      | $119356.62    | 0.33%             | 2033-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | St Paul Housing & Redevelopment Authority Parking Enterprise Revenue   | CUSIP: 79289WBL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $279933.28    | 0.78%             | 2034-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT LOUIS PARK MN INDEP SCH  | St Louis Park Independent School District No 283                       | CUSIP: 791759AG8<br>LEI: 549300LTLJF3QX58Q574 | Long             | DBT              | MUN               | US        |    150000 | PA      | $166973.39    | 0.46%             | 2032-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH WASHINGTON CNTY MN INDEP | South Washington County Independent School District No 833/MN          | CUSIP: 840610VA4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1106972.80   | 3.07%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                                | CUSIP: 914460PE4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $351249.33    | 0.97%             | 2033-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE | City of Apple Valley MN                                                | CUSIP: 03800RBB1<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    160000 | PA      | $160353.55    | 0.44%             | 2030-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| APPLE VY MN SENIOR HSG REVENUE | City of Apple Valley MN                                                | CUSIP: 03800RBE5<br>LEI: 549300AMWD6044L1SO95 | Long             | DBT              | MUN               | US        |    290000 | PA      | $265917.56    | 0.74%             | 2041-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412APJ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264723.38    | 0.73%             | 2034-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST DEPT IRON RANGE R | State of Minnesota Department of Iron Range Resources & Rehabilitation | CUSIP: 60414HBA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $560572.15    | 1.56%             | 2031-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                      | CUSIP: 60416JDW7<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    125000 | PA      | $103652.71    | 0.29%             | 2043-03-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNETRISTA MN                 | City of Minnetrista MN                                                 | CUSIP: 604229RU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    145000 | PA      | $154470.44    | 0.43%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| OWATONNA MN INDEP SCH DIST #76 | Owatonna Independent School District No 761/MN                         | CUSIP: 690564RK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $154270.40    | 0.43%             | 2028-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHASKA MN INDEP SCH DIST #112  | Eastern Carver County Schools Independent School District No 112       | CUSIP: 161681UU3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $261010.55    | 0.72%             | 2035-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                             | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    111470 | NS      | $111470.40    | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                  | CUSIP: 425507QD5<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    155000 | PA      | $171664.11    | 0.48%             | 2042-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INTERNATIONAL FALLS MN INDEP S | International Falls Independent School District No 361                 | CUSIP: 459488GD8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $307440.48    | 0.85%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ITASCA CNTY MN                 | County of Itasca MN                                                    | CUSIP: 465452NN6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200274.20    | 0.56%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET COUNCIL MINNEAPOLIS-SAINT  | Metropolitan Council                                                   | CUSIP: 591852A99<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100392.32    | 0.28%             | 2026-03-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AD26<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    235000 | PA      | $255691.14    | 0.71%             | 2029-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AW33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1168672.00   | 3.24%             | 2037-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                      | CUSIP: 60416H3N2<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    215000 | PA      | $216298.84    | 0.60%             | 2036-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW PRAGUE MN                  | City of New Prague MN                                                  | CUSIP: 648159F63<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    315000 | PA      | $329643.72    | 0.91%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PINE CITY MN INDEP SCH DIST #5 | Pine City Independent School District No 578                           | CUSIP: 722514AL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $182119.30    | 0.51%             | 2032-04-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN INDEP SCH DIST# | St Cloud Independent School District No 742/MN                         | CUSIP: 789177SP8<br>LEI: 549300777B7XVMYHUU90 | Long             | DBT              | MUN               | US        |    225000 | PA      | $238538.30    | 0.66%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| STILLWATER MN INDEP SCH DIST # | Stillwater Independent School District No 834                          | CUSIP: 860758TB7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $132537.54    | 0.37%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ZUMBRO MN EDU DIST COPS        | Zumbro Education District                                              | CUSIP: 989781BA6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    275000 | PA      | $261578.98    | 0.73%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALDEN-CONGER MN INDEP SCH DIST | Alden-Conger Independent School District No 242                        | CUSIP: 014083CK3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    330000 | PA      | $330007.16    | 0.92%             | 2027-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ANOKA-HENNEPIN MN INDEP SCH DI | Anoka-Hennepin Independent School District No 11                       | CUSIP: 0363034E2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    320000 | PA      | $330253.12    | 0.92%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BELTRAMI CNTY MN               | County of Beltrami MN                                                  | CUSIP: 081131HC1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253783.95    | 0.70%             | 2042-12-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CARLTON CNTY MN                | County of Carlton MN                                                   | CUSIP: 142879MT9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $270644.90    | 0.75%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CLEVELAND MN INDEP SCH DIST #3 | Cleveland Independent School District No 391                           | CUSIP: 186216EG8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    105000 | PA      | $105101.57    | 0.29%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELK RIVER MN INDEP SCH DIST #7 | Elk River Independent School District No 728                           | CUSIP: 287425M33<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125131.14    | 0.35%             | 2026-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ELK RIVER MN INDEP SCH DIST #7 | Elk River Independent School District No 728                           | CUSIP: 287425T28<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $260336.55    | 0.72%             | 2037-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| GRAND RAPIDS MN                | City of Grand Rapids MN                                                | CUSIP: 386335HF3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $264892.68    | 0.73%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DAKOTA CNTY MN CMNTY DEV AGY M | Dakota County Community Development Agency                             | CUSIP: 23409VFP0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $146862.45    | 0.41%             | 2043-05-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| JORDAN MN                      | City of Jordan MN                                                      | CUSIP: 480700R96<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144254.18    | 0.40%             | 2033-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MANKATO MN INDEP SCH DIST #77  | Mankato Independent School District No 77                              | CUSIP: 563690TZ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001135.00   | 2.78%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission                   | CUSIP: 603827WW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $153275.88    | 0.43%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST CLGS & UNIV REVEN | Minnesota State Colleges And Universities Foundation                   | CUSIP: 60414FMU1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200168.26    | 0.56%             | 2029-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                      | CUSIP: 60416JCZ1<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    300000 | PA      | $262142.73    | 0.73%             | 2041-10-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST AGRIC & ECON DEVB | Minnesota Agricultural & Economic Development Board                    | CUSIP: 6049202Z0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $265166.90    | 0.74%             | 2042-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY MN                  | City of Montgomery MN                                                  | CUSIP: 613851PC2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $218611.92    | 0.61%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN INDEP SCH DIST #5 | Rochester Independent School District No 535                           | CUSIP: 771614SZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $205867.14    | 0.57%             | 2031-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROCORI MN AREA SCHS INDEP SCHD | Rocori Area Schools Independent School District No 750                 | CUSIP: 774836HB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $306680.91    | 0.85%             | 2038-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN                 | City of St Cloud MN                                                    | CUSIP: 78916CAM4<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    140000 | PA      | $122152.28    | 0.34%             | 2034-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota     | CUSIP: 792909FE8<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    110000 | PA      | $106274.88    | 0.29%             | 2032-11-15      | Fixed         | 3.12%                 | No            |                  2 | On Loan: No      |
| STILLWATER MN INDEP SCH DIST # | Stillwater Independent School District No 834                          | CUSIP: 860758TA9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $271263.40    | 0.75%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| VICTORIA MN                    | City of Victoria MN                                                    | CUSIP: 926278XH0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $254879.65    | 0.71%             | 2042-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WATERVILLE-ELYSIAN-MORRISTOWN  | Waterville-Elysian-Morristown Independent School District No 2143/MN   | CUSIP: 94222RBY0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $247542.00    | 0.69%             | 2045-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WRIGHT CNTY MN COPS            | County of Wright MN                                                    | CUSIP: 982276AV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $231271.53    | 0.64%             | 2039-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| ZUMBRO MN EDU DIST COPS        | Zumbro Education District                                              | CUSIP: 989781AY5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $123494.73    | 0.34%             | 2034-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AH55<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $433557.24    | 1.20%             | 2043-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CAMBRIDGE MN                   | City of Cambridge MN                                                   | CUSIP: 132339N32<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    215000 | PA      | $246599.00    | 0.68%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHASKA MN                      | City of Chaska MN                                                      | CUSIP: 161664QP5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $354904.94    | 0.98%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CLOQUET MN FIRE & AMBULANCE SP | Cloquet Area Fire & Ambulance Special Taxing District                  | CUSIP: 189019AJ1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $231006.88    | 0.64%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| COLD SPRING MN                 | City of Cold Spring MN                                                 | CUSIP: 193000XP6<br>LEI: 549300K8BX4APZ76AV52 | Long             | DBT              | MUN               | US        |    150000 | PA      | $147455.81    | 0.41%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| COMMISSIONER OF IRON RANGE MNR | State of Minnesota Department of Iron Range Resources & Rehabilitation | CUSIP: 20261DCE1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $251090.93    | 0.70%             | 2035-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CROOKSTON MN INDEP SCH DIST #5 | Crookston Independent School District No 593                           | CUSIP: 227237PS7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267986.38    | 0.74%             | 2029-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FOREST LAKE MN INDEP SCH DIST# | Forest Lake Independent School District No 831                         | CUSIP: 345874VT5<br>LEI: 549300Z4NGDI34KH2446 | Long             | DBT              | MUN               | US        |    500000 | PA      | $515162.55    | 1.43%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                  | CUSIP: 425507GN4<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    195000 | PA      | $204449.86    | 0.57%             | 2030-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| HENNEPIN CNTY MN               | County of Hennepin MN                                                  | CUSIP: 425507PL8<br>LEI: 254900YDNULMQREFAU43 | Long             | DBT              | MUN               | US        |    150000 | PA      | $162792.65    | 0.45%             | 2043-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ROCHESTER MN                   | City of Rochester MN                                                   | CUSIP: 771588VY3<br>LEI: 549300006EX3INSHXA95 | Long             | DBT              | MUN               | US        |    150000 | PA      | $165714.95    | 0.46%             | 2040-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ALBERT LEA MN                  | City of Albert Lea MN                                                  | CUSIP: 012788K20<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $281269.78    | 0.78%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DELANO MN                      | City of Delano MN                                                      | CUSIP: 245667TT7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $273398.80    | 0.76%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN INDEP SCH DIST #709  | Duluth Independent School District No 709                              | CUSIP: 264471LL5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $168026.04    | 0.47%             | 2031-02-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| HERMANTOWN MN                  | City of Hermantown MN                                                  | CUSIP: 427500VU4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $302242.71    | 0.84%             | 2043-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUBBARD CNTY MN                | County of Hubbard MN                                                   | CUSIP: 443348ET0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $267056.00    | 0.74%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHFIELD MN                  | City of Northfield MN                                                  | CUSIP: 666179GZ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $199384.76    | 0.55%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MN                 | County of Ramsey MN                                                    | CUSIP: 751622ZT1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $340721.07    | 0.95%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN INDEP SCH DIST # | St Paul Independent School District No 625                             | CUSIP: 792897SK7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $216778.74    | 0.60%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota     | CUSIP: 85236DBJ6<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |    250000 | PA      | $251495.18    | 0.70%             | 2037-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTHFIELD MN                  | City of Northfield MN                                                  | CUSIP: 666179GW0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    385000 | PA      | $418149.39    | 1.16%             | 2041-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OTSEGO MN ECON DEV AUTH LEASE  | Otsego Economic Development Authority                                  | CUSIP: 689152AT3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    350000 | PA      | $339288.99    | 0.94%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ROSEMOUNT MN                   | City of Rosemount MN                                                   | CUSIP: 7775773L9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $276304.98    | 0.77%             | 2037-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HSG & REDEV AUT | St Cloud Housing & Redevelopment Authority                             | CUSIP: 789163AX0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    160000 | PA      | $144623.50    | 0.40%             | 2033-02-01      | Fixed         | 2.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN INDEP SCH DIST # | St Paul Independent School District No 625                             | CUSIP: 792897JY7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200258.70    | 0.56%             | 2033-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| TRUMAN MN INDEP SCH DIST #458  | Truman Independent School District No 458                              | CUSIP: 898014DF9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $299842.47    | 0.83%             | 2044-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WACONIA MN INDEP SCH DIST #110 | Waconia Independent School District No 110                             | CUSIP: 930047LZ6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100004.77    | 0.28%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| DULUTH MN                      | City of Duluth MN                                                      | CUSIP: 264438X72<br>LEI: 54930056ACOJTRDUDE38 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250461.20    | 0.69%             | 2030-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                                 | CUSIP: 60374VEB5<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    150000 | PA      | $154665.54    | 0.43%             | 2036-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| OWATONNA MN                    | City of Owatonna MN                                                    | CUSIP: 690530ZW3<br>LEI: 5493007O5KUJDI7ZFG46 | Long             | DBT              | MUN               | US        |    175000 | PA      | $187533.76    | 0.52%             | 2035-03-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PRINCETON MN PUBLIC UTILITIES  | Princeton Public Utilities Commission                                  | CUSIP: 742271BG3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $109507.07    | 0.30%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT CLOUD MN HLTH CARE REVEN | City of St Cloud MN                                                    | CUSIP: 78916VER7<br>LEI: 549300IOO80ICGIWAU74 | Long             | DBT              | MUN               | US        |    250000 | PA      | $263762.05    | 0.73%             | 2043-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| S WASHINGTON CNTY MN INDEP SCH | South Washington County Independent School District No 833/MN          | CUSIP: 840611DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $221675.98    | 0.61%             | 2031-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN HSG & REDEV AUTH | Housing & Redevelopment Authority of The City of St Paul Minnesota     | CUSIP: 852297BV1<br>LEI: 549300FQCUW4VH929113 | Long             | DBT              | MUN               | US        |     35000 | PA      | $34838.34     | 0.10%             | 2026-09-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                                | CUSIP: 914460SR2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $157232.93    | 0.44%             | 2040-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF MINNESOTA MN           | University of Minnesota                                                | CUSIP: 914460TB6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    220000 | PA      | $224151.69    | 0.62%             | 2026-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WACONIA MN INDEP SCH DIST #110 | Waconia Independent School District No 110                             | CUSIP: 930047QU2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $165098.55    | 0.46%             | 2038-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WESTONKA MN INDEP SCH DIST #27 | Westonka Independent School District No 277                            | CUSIP: 960906GD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $101569.69    | 0.28%             | 2041-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ALEXANDRIA LAKE MN AREA SANTND | Alexandria Lake Area Sanitation District                               | CUSIP: 015091DF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $155895.17    | 0.43%             | 2036-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLOOMINGTON MN                 | City of Bloomington MN                                                 | CUSIP: 0947808G1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    655000 | PA      | $678427.58    | 1.88%             | 2040-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTER CITY MN HLTH CARE FACSR | City of Center City MN                                                 | CUSIP: 151452BW8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $136619.68    | 0.38%             | 2027-11-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CENTER CITY MN HLTH CARE FACSR | City of Center City MN                                                 | CUSIP: 151452CN7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    370000 | PA      | $401329.64    | 1.11%             | 2038-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SPL SCH DIST #1 | Minneapolis Special School District No 1                               | CUSIP: 603790YD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    295000 | PA      | $319552.32    | 0.89%             | 2042-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS-SAINT PAUL MN MET  | Minneapolis-St Paul Metropolitan Airports Commission                   | CUSIP: 603827B54<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $268717.35    | 0.75%             | 2032-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AWP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $174263.63    | 0.48%             | 2034-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PENNINGTON CNTY MN             | County of Pennington MN                                                | CUSIP: 708288JR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $90440.03     | 0.25%             | 2035-02-01      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| REDWOOD MN AREA SCHS INDEP SCH | Redwood Area Schools Independent School District No 2897               | CUSIP: 757763DL8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    360000 | PA      | $372964.90    | 1.03%             | 2039-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SAINT PAUL MN INDEP SCH DIST # | St Paul Independent School District No 625                             | CUSIP: 792897NY2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $89367.22     | 0.25%             | 2035-02-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| MARSHALL MN PUBLIC UTILITY REV | City of Marshall MN Public Utility Revenue                             | CUSIP: 572565JD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $340429.77    | 0.94%             | 2038-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN HLTH CARE SYS R | City of Minneapolis MN                                                 | CUSIP: 60374VEW9<br>LEI: 54930069TEI1INHRHS55 | Long             | DBT              | MUN               | US        |    130000 | PA      | $137065.44    | 0.38%             | 2052-11-15      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNEAPOLIS MN SPL SCH DIST #1 | Minneapolis Special School District No 1                               | CUSIP: 603792VM1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    565000 | PA      | $594335.82    | 1.65%             | 2028-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AM83<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1137819.40   | 3.16%             | 2039-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412AQS5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $253673.18    | 0.70%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST                   | State of Minnesota                                                     | CUSIP: 60412ARQ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    280000 | PA      | $297851.12    | 0.83%             | 2028-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                      | CUSIP: 60416JBY5<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    260000 | PA      | $276615.20    | 0.77%             | 2034-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HGR EDU FACS AUTH | Minnesota Health & Education Facilities Authority                      | CUSIP: 60416JEV8<br>LEI: 549300DI4V4CIPMX7K35 | Long             | DBT              | MUN               | US        |    255000 | PA      | $275429.20    | 0.76%             | 2029-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                       | CUSIP: 60416URC1<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    150000 | PA      | $150177.77    | 0.42%             | 2027-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                       | CUSIP: 60416UWR2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    500000 | PA      | $507218.10    | 1.41%             | 2045-07-01      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| RAMSEY CNTY MN                 | County of Ramsey MN                                                    | CUSIP: 751622RB9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $700104.09    | 1.94%             | 2028-02-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| WAYZATA MN                     | City of Wayzata MN                                                     | CUSIP: 946796WS4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     65000 | PA      | $65002.64     | 0.18%             | 2027-12-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-27

**Name of Applicant:** Trust for Professional Managers

**Signature:** /s/ Jennifer Lima

**Name of Signer:** Jennifer Lima

**Title:** President