# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-25-051519
**Filing Date:** 2025-8
**Character Count:** 57075
**Document Hash:** 80b890dde24f62d7bd8256f77c26d369
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051519.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001145549-25-051519

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20250930

**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:** 251223973

**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

### CrossingBridge Nordic High Income Bond Fund (Series ID: S000088023)

| Class ID   | Class Name                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000254051 | CrossingBridge Nordic High Income Bond Fund - Institutional Class Shares | NRDCX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 86.3%** | **CORPORATE BONDS - 86.3%** | **Par** | **Value** |
| **Communications - 9.4%** | **Communications - 9.4%** | **Communications - 9.4%** | **Communications - 9.4%** |
|  Beelux Sarl, 8.48% (3 mo. EURIBOR + 6.50%), 03/14/2028 <sup>(a)</sup> | EUR | 934000 | $1069953 |
|  Gentoo Media PLC, 9.42% (3 Month Stockholm Interbank Offered Rates + 7.25%), 12/18/2026 | SEK | 3750000 | 405782 |
|  Keystone Academic Solutions AS, 6.91% (3 mo. EURIBOR + 4.75%), 02/03/2029 <sup>(b)</sup> | EUR | 800000 | 959247 |
|  NoA BidCo AS, 12.10% (Norway Interbank Offered Rate Fixing 3 Month + 7.50%), 04/15/2027 | NOK | 1250000 | 127116 |
|  Prisjakt Group AB, 7.82% (3 Month Stockholm Interbank Offered Rates + 5.50%), 05/22/2029 | SEK | 15000000 | 1609255 |
|  Vend Marketplaces ASA, 5.42% (Norway Interbank Offered Rate Fixing 3 Month + 0.78%), 11/25/2026 | NOK | 10000000 | 997171 |
|  |  |  | 5168524 |
| **Consumer Discretionary - 8.1%** | **Consumer Discretionary - 8.1%** | **Consumer Discretionary - 8.1%** | **Consumer Discretionary - 8.1%** |
|  BOS GmbH & Co. KG, 11.03% (3 mo. EURIBOR + 9.00%), 06/25/2029 | EUR | 800000 | 928227 |
|  Felleskjopet Agri SA, 6.35% (Norway Interbank Offered Rate Fixing 3 Month + 1.75%), 03/19/2030 | NOK | 11000000 | 1091664 |
|  First Camp Group AB, 7.06% (3 Month Stockholm Interbank Offered Rates + 4.75%), 04/24/2029 | SEK | 1250000 | 135426 |
|  Kolibri Beteiligungsgesellschaft mbH & Co. KGaA, 9.12% (3 mo. EURIBOR + 7.00%), 02/13/2029 <sup>(b)</sup> | EUR | 750000 | 899478 |
|  OP Holdco GmbH, 8.47% (3 mo. EURIBOR + 6.50%), 06/05/2029 <sup>(b)</sup> | EUR | 600000 | 686011 |
|  View Ledger AS, 9.09% (Norway Interbank Offered Rate Fixing 3 Month + 4.50%), 01/31/2029 | NOK | 7500000 | 762694 |
|  |  |  | 4503500 |
| **Consumer Staples - 9.8%** | **Consumer Staples - 9.8%** | **Consumer Staples - 9.8%** | **Consumer Staples - 9.8%** |
|  Greenfood AB, 9.28% (3 Month Stockholm Interbank Offered Rates + 7.00%), 11/13/2028 | SEK | 5000000 | 536749 |
|  Keyto Group AB, 7.57% (3 Month Stockholm Interbank Offered Rates + 5.25%), 05/08/2029 | SEK | 10000000 | 1059624 |
|  Loch Duart Ltd., 10.93% (Norway Interbank Offered Rate Fixing 3 Month + 6.35%), 11/06/2028 | NOK | 5000000 | 497301 |
|  Neptune Bidco AS, 11.11% (Norway Interbank Offered Rate Fixing 3 Month + 6.75%), 06/28/2028 | NOK | 1250000 | 106653 |
|  Nexus Newco BV, 8.48% (3 mo. EURIBOR + 6.50%), 06/04/2030 | EUR | 1200000 | 1420612 |
|  Okechamp Global BV, 9.64% (3 mo. EURIBOR + 7.50%), 11/14/2028 | EUR | 500000 | 581615 |
| Salmar ASA | Salmar ASA | Salmar ASA | Salmar ASA |
| &nbsp;&nbsp; 5.96% (Norway Interbank Offered Rate Fixing 3 Month + 1.35%), 01/22/2027 | NOK | 5000000 | 501410 |
| &nbsp;&nbsp; 5.74% (Norway Interbank Offered Rate Fixing 3 Month + 1.15%), 01/30/2030 | NOK | 7000000 | 695206 |
|  |  |  | 5399170 |
| **Energy - 5.6%** | **Energy - 5.6%** | **Energy - 5.6%** | **Energy - 5.6%** |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 900000 | 917829 |
|  Golar LNG Ltd., 7.00%, 10/20/2025 <sup>(b)</sup> |  | 1260000 | 1265119 |
|  Nynas AB, 11.75%, 06/17/2028 <sup>(b)</sup> |  | 125000 | 125573 |
|  Tidewater, Inc., 8.50%, 11/16/2026 |  | 750000 | 769987 |
|  |  |  | 3078508 |
| **Health Care and Social Assistance - 5.6%** | **Health Care and Social Assistance - 5.6%** | **Health Care and Social Assistance - 5.6%** | **Health Care and Social Assistance - 5.6%** |
|  Formycon AG, 8.94% (3 mo. EURIBOR + 7.00%), 07/09/2029 | EUR | 1400000 | 1657380 |
|  Magle Chemoswed Holding AB, 8.63% (3 Month Stockholm Interbank Offered Rates + 6.50%), 07/04/2028 | SEK | 13750000 | 1409750 |
|  |  |  | 3067130 |
| **Holding Companies - 10.2%** | **Holding Companies - 10.2%** | **Holding Companies - 10.2%** | **Holding Companies - 10.2%** |
|  Neptunia Invest AB, 7.07% (3 Month Stockholm Interbank Offered Rates + 4.75%), 03/05/2028 | SEK | 3750000 | 399011 |
|  Nordwest Industrie Group GmbH, 8.89% (3 mo. EURIBOR + 6.75%), 11/06/2028 <sup>(b)</sup> | EUR | 660000 | 492384 |
|  Novedo Holding AB, 9.16% (3 Month Stockholm Interbank Offered Rates + 7.00%), 09/23/2027 | SEK | 5000000 | 525848 |
|  Pamica Group AB, 7.85% (3 Month Stockholm Interbank Offered Rates + 5.50%), 12/05/2027 | SEK | 5000000 | 524871 |
|  Qflow Group AB, 7.65% (3 Month Stockholm Interbank Offered Rates + 5.50%), 09/25/2028 | SEK | 11250000 | 1198481 |
|  Rebellion Capital AB, 10.07% (3 Month Stockholm Interbank Offered Rates + 7.75%), 05/08/2028 | SEK | 2500000 | 260062 |
|  Remagruppen BidCo 2 AB, 10.66% (3 Month Stockholm Interbank Offered Rates + 8.50%), 06/30/2028 | SEK | 5000000 | 513957 |
|  Stockwik Forvaltning AB, 9.41% (3 Month Stockholm Interbank Offered Rates + 7.25%), 06/26/2029 <sup>(b)</sup> | SEK | 16250000 | 1728331 |
|  |  |  | 5642945 |
| **Industrials - 16.9%** | **Industrials - 16.9%** | **Industrials - 16.9%** | **Industrials - 16.9%** |
|  3t Global Bidco PLC, 11.25%, 05/22/2028 |  | 500000 | 505000 |
|  Agilyx ASA, 13.50%, 11/29/2027 |  | 250000 | 239063 |
|  Booster Precision Components GmbH, 11.04% (3 mo. EURIBOR + 9.00%), 11/28/2026 | EUR | 142000 | 158267 |
|  HMH Holding BV/Amsterdam, 9.88%, 11/16/2026 <sup>(a)</sup> |  | 755000 | 779380 |
|  Magellan Bidco Sarl, 7.02% (3 mo. EURIBOR + 5.00%), 12/19/2029 | EUR | 800000 | 969063 |
|  Posten Bring AS, 2.13%, 11/25/2026 | NOK | 10000000 | 964404 |
|  Seapeak LLC, 9.52% (Norway Interbank Offered Rate Fixing 3 Month + 4.90%), 11/18/2026 | NOK | 9000000 | 914597 |
|  SFL Corp. Ltd., 7.75%, 01/29/2030 <sup>(b)</sup> |  | 400000 | 400900 |
|  SLR Group GmbH, 9.36% (3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 677000 | 760591 |
|  Stolt-Nielsen Ltd., 7.52% (Norway Interbank Offered Rate Fixing 3 Month + 3.15%), 09/26/2028 <sup>(b)</sup> | NOK | 15500000 | 1586807 |
|  Twma Finance AS, 13.00%, 02/08/2027 |  | 550000 | 572000 |
|  Vegfinans Viken AS, 4.80% (Norway Interbank Offered Rate Fixing 3 Month + 0.43%), 06/26/2026 | NOK | 5000000 | 497434 |
|  Welltec International ApS, 8.25%, 10/15/2026 <sup>(b)</sup> |  | 1000000 | 1000269 |
|  |  |  | 9347775 |
| **Manufacturing - 1.3%** | **Manufacturing - 1.3%** | **Manufacturing - 1.3%** | **Manufacturing - 1.3%** |
|  Elkem ASA, 6.19% (Norway Interbank Offered Rate Fixing 3 Month + 1.55%), 08/31/2028 | NOK | 7000000 | 699538 |
| **Materials - 5.2%** | **Materials - 5.2%** | **Materials - 5.2%** | **Materials - 5.2%** |
|  Amwood AB, 8.53% (3 Month Stockholm Interbank Offered Rates + 6.25%), 10/25/2027 | SEK | 7500000 | 743190 |
|  Geveko AB, 6.50% (3 mo. EURIBOR + 4.50%), 12/26/2028 | EUR | 1000000 | 1198568 |
|  Homann Holzwerkstoffe GmbH, 7.50%, 06/02/2032 | EUR | 600000 | 710306 |
|  Norske Skog ASA, 8.88% (Norway Interbank Offered Rate Fixing 3 Month + 4.50%), 06/25/2029 | NOK | 2300000 | 222058 |
|  |  |  | 2874122 |
| **Real Estate - 1.2%** | **Real Estate - 1.2%** | **Real Estate - 1.2%** | **Real Estate - 1.2%** |
|  Boras V-tyget 1 AB, 8.05% (3 Month Stockholm Interbank Offered Rates + 5.75%), 04/29/2027 | SEK | 6300000 | 679216 |
| **Technology - 10.2%** | **Technology - 10.2%** | **Technology - 10.2%** | **Technology - 10.2%** |
|  Azerion Group NV, 8.69% (3 mo. EURIBOR + 6.75%), 10/02/2026 | EUR | 896000 | 1052808 |
|  B3 Consulting Group AB, 7.15% (3 Month Stockholm Interbank Offered Rates + 5.00%), 06/24/2027 | SEK | 12500000 | 1334440 |
|  Goldcup 100865 AB, 7.83% (3 Month Stockholm Interbank Offered Rates + 5.50%), 07/11/2028 | SEK | 1250000 | 134104 |
| Hawk Infinity Software AS | Hawk Infinity Software AS | Hawk Infinity Software AS | Hawk Infinity Software AS |
| &nbsp;&nbsp; 11.10% (Norway Interbank Offered Rate Fixing 3 Month + 6.50%), 10/15/2029 <sup>(b)</sup> | NOK | 6800000 | 682795 |
| &nbsp;&nbsp; 12.10% (Norway Interbank Offered Rate Fixing 3 Month + 7.50%), 10/15/2029 <sup>(a)(b)</sup> | NOK | 1500000 | 150617 |
|  Platform Group AG, 8.88%, 07/11/2028 | EUR | 500000 | 594866 |
|  Stillfront Group AB, 5.97% (3 Month Stockholm Interbank Offered Rates + 3.65%), 09/03/2029 | SEK | 5000000 | 530473 |
|  Verve Group SE, 5.94% (3 mo. EURIBOR + 4.00%), 04/01/2029 <sup>(b)</sup> | EUR | 1000000 | 1172064 |
|  |  |  | 5652167 |
| **Utilities - 2.8%** | **Utilities - 2.8%** | **Utilities - 2.8%** | **Utilities - 2.8%** |
|  Eidsiva Energi AS, 2.35%, 04/20/2026 | NOK | 16000000 | 1562325 |
| **TOTAL CORPORATE BONDS** (Cost $44,643,685) | **TOTAL CORPORATE BONDS** (Cost $44,643,685) | **TOTAL CORPORATE BONDS** (Cost $44,643,685) | 47674920 |
| **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 4.6%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 4.6%** | **Par** | **Value** |
|  Norway Government Bond, 3.75%, 06/12/2035 <sup>(b)</sup> | NOK | 6250000 | 617376 |
|  Norway Treasury Bill, 0.00%, 09/17/2025 <sup>(b)(c)</sup> | NOK | 20000000 | 1967656 |
| **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $2,495,797) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $2,495,797) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $2,495,797) | 2585032 |
| **BANK LOANS - 3.2%** | **BANK LOANS - 3.2%** | **Par** | **Value** |
| **Professional, Scientific, and Technical Services - 3.2%** | **Professional, Scientific, and Technical Services - 3.2%** | **Professional, Scientific, and Technical Services - 3.2%** | **Professional, Scientific, and Technical Services - 3.2%** |
|  CCIT Holdings AS, 10.00%, 02/28/2029 <sup>(d)</sup> | EUR | 1501750 | 1768991 |
| **TOTAL BANK LOANS** (Cost $1,536,078) | **TOTAL BANK LOANS** (Cost $1,536,078) | **TOTAL BANK LOANS** (Cost $1,536,078) | 1768991 |
| **CONVERTIBLE BONDS - 1.3%** | **CONVERTIBLE BONDS - 1.3%** | **Par** | **Value** |
| **Energy - 1.3%** | **Energy - 1.3%** | **Energy - 1.3%** | **Energy - 1.3%** |
|  Golar LNG Ltd., 2.75%, 12/15/2030 <sup>(b)</sup> |  | 700000 | 720125 |
| **TOTAL CONVERTIBLE BONDS** (Cost $700,000) | **TOTAL CONVERTIBLE BONDS** (Cost $700,000) | **TOTAL CONVERTIBLE BONDS** (Cost $700,000) | 720125 |
| **SHORT-TERM INVESTMENTS - 11.3%** | **SHORT-TERM INVESTMENTS - 11.3%** |  | **Value**  |
| **Money Market Funds - 11.2%** |  | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(e)</sup> |  | 2946612 | 2946612 |
| First American Treasury Obligations Fund - Class X, 4.22% <sup>(e)</sup> |  | 3234136 | 3234136 |
| **Total Money Market Funds** (Cost $6,180,748) |  |  | 6180748 |
| **U.S. Treasury Bills - 0.1%** |  |  **<u>Par</u>** |  |
| 4.17%, 10/02/2025 <sup>(f)</sup> |  | 50000 | 49455 |
| **Total U.S. Treasury Bills** (Cost $49,483) |  |  | 49455 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $6,230,231) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $6,230,231) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $6,230,231) | 6230203 |
| **TOTAL INVESTMENTS - 106.7% (**Cost $55,605,791**)** | **TOTAL INVESTMENTS - 106.7% (**Cost $55,605,791**)** | **TOTAL INVESTMENTS - 106.7% (**Cost $55,605,791**)** | 58979271 |
| Liabilities in Excess of Other Assets - (6.7)% | Liabilities in Excess of Other Assets - (6.7)% | Liabilities in Excess of Other Assets - (6.7)% | (3722993) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $55256278 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |

---

---

| |
|:---|
| AB - Aktiebolag<br> ASA - Advanced Subscription Agreement |
| EURIBOR - Euro Interbank Offered Rate |
| LLC - Limited Liability Company |
| PLC - Public Limited Company |
| EUR - Euro |
| NOK - Norwegian Krone |
| SEK - Swedish Krona<br> USD – United States Dollar |

---

(a) Step coupon bond. The rate disclosed is as of June 30, 2025.

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $14,454,752 or 26.2% of the Fund's net assets.

(c) Zero coupon bonds make no periodic interest payments.

(d) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $1,768,991 or 3.2% of net assets as of June 30, 2025.

(e) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

(f) The rate shown is the annualized effective yield as of June 30, 2025.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** | **CrossingBridge Nordic High Income Bond Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | NOK | 19465000 | USD | 1938970 | $(7622) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | SEK | 4875000 | USD | 508480 | 7330 |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 12676748 | EUR | 11310000 | (659931) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 15313770 | NOK | 159550000 | (517027) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 10843143 | SEK | 105300000 | (298344) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(1475594) |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone |
| SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
CrossingBridge Nordic High Income Bond Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 47674920 | – | 47674920 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Debt Obligations | – | 2585032 | – | 2585032 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | – | 1768991 | 1768991 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 720125 | – | 720125 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 6180748 | – | – | 6180748 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 49455 | – | 49455 |
| Total Investments | 6180748 | 51029532 | 1768991 | 58979271 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forwards\* | – | 7330 | – | 7330 |
| Total Other Financial Instruments | – | 7330 | – | 7330 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forwards\* | – | (1482924) | – | (1482924) |
| Total Other Financial Instruments | – | (1482924) | – | (1482924) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were no transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| | | |
|:---|:---|:---|
| The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: |
| **<u>CrossingBridge High Income Nordic Bond Fund</u>** | **<u>Bank Loans</u>** | **<u> </u>** |
| Beginning Balance - October 1, 2024 | - |  |
| Purchases | 1534580 |  |
| Sales | - |  |
| Realized gains | - |  |
| Realized losses | - |  |
| Accretion of discount/(amortization of premium) | 1497 |  |
| Change in unrealized appreciation/(depreciation) | 232914 |  |
| Transfer in/(out) of Level 3 | - |  |
| Ending Balance - June 30, 2025 | 1768991 |  |
| The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: |
|  | **<u>Bank Loans</u>** | **<u> </u>** |
|  | 232914 |  |
| To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below |
| provides a summary of the approach taken: |  |  |
| **<u>Type of Security</u>** |  **<u>Examples of Input</u>** |  |
| Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: |
| Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis |
| Special Purpose Acquisition Companies (SPACs); SPAC founders shares | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. |
| Special Purpose Acquisition Companies (SPACs); SPAC founders shares |  |  |
| Common Stock (Legended shares) | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. |
| The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and |
| categorized within Level 3 as of June 30, 2025: |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Nordic High Income Bond Fund** |  |  |  |  |  |  |
| **Descriptions** | **Fair Value June 30, 2025** | **Valuation Techniques** | **Unobservable Input** | **Range** | **Weighted Average**<br> **Unobservable Input** | **Impact to Valuation from**<br> **an Increase in Input** |
| Bank Loans | $1768991 | Market Approach | Transaction price | $100.00 | $100.00 | Increase |

---

## 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:** CrossingBridge Nordic High Income Bond Fund

- **b. EDGAR series identifier (if any):** S000088023

- **c. LEI of Series:** 529900CZNP69F9C9PM13

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $60740086.25

**Total Liabilities:** $5666027.78

**Net Assets:** $55074058.47

**Delayed Delivery Securities:** $4039254.74

**Cash Not Reported:** $87546.32

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 42.419461000000 | **1-Year:** 0.006986000000 | **5-Year:** 5.192087000000 | **10-Year:** 507.353600000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 1579.823678000000 | **1-Year:** 7252.914232000000 | **5-Year:** 2956.730034000000 | **10-Year:** 17.534835000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000254051 | -0.20%               | 1.22%                | 1.18%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $333436.05               | $381040.07                                 |
| Month 2  | $140916.45               | $560001.33                                 |
| Month 3  | $262690.91               | $830483.51                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMWOOD AB                      | Amwood AB                                      | CUSIP: YU5039166<br>LEI: 549300JU4SJKJZUOUH03 | Long             | DBT              | CORP              | SE        |   7500000 | PA      | $743190.39    | 1.35%             | 2027-10-25      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| CCIT Holdings A/S              | CCIT Holdings A/S                              | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |   1501750 | PA      | $1768991.55   | 3.21%             | 2029-02-28      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| VEGFINANS VIKEN AS             | Vegfinans Viken AS                             | CUSIP: BV7906662<br>LEI: 549300UQGSK2XYS6Q406 | Long             | DBT              | CORP              | NO        |   5000000 | PA      | $497433.97    | 0.90%             | 2026-06-26      | Floating      | 4.80%                 | No            |                  2 | On Loan: No      |
| AZERION GROUP NV               | Azerion Group N.V.                             | CUSIP: ZI6849254<br>LEI: 7245007RB3M5PMWY6N86 | Long             | DBT              | CORP              | NL        |    896000 | PA      | $1052807.65   | 1.91%             | 2026-10-02      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| TWMA FINANCE AS                | Twma Finance AS                                | CUSIP: ZF3988861<br>LEI: 894500BICEAQTNG2A469 | Long             | DBT              | CORP              | NO        |    550000 | PA      | $572000.00    | 1.04%             | 2027-02-08      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| FORMYCON AG                    | Formycon AG                                    | CUSIP: YN7703302<br>LEI: 39120005TZ76GQOY8Z19 | Long             | DBT              | CORP              | DE        |   1400000 | PA      | $1657380.47   | 3.01%             | 2029-07-09      | Floating      | 8.94%                 | No            |                  2 | On Loan: No      |
| FIRST CAMP GROUP AB            | First Camp Group AB                            | CUSIP: YU3391668<br>LEI: 213800G35HMXQGMWPA18 | Long             | DBT              | CORP              | SE        |   1250000 | PA      | $135425.81    | 0.25%             | 2029-04-24      | Floating      | 7.06%                 | No            |                  2 | On Loan: No      |
| STILLFRONT GROUP AB            | Stillfront Group AB                            | CUSIP: YT4469607<br>LEI: 529900SYKCO4GYBTIJ54 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $530472.79    | 0.96%             | 2029-09-03      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| TIDEWATER INC                  | Tidewater Inc                                  | CUSIP: BR8705906<br>LEI: 2549000JA5GRUPLMUH98 | Long             | DBT              | CORP              | US        |    750000 | PA      | $769987.28    | 1.40%             | 2026-11-16      | Fixed         | 8.50%                 | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB             | Novedo Holding AB                              | CUSIP: YV5581777<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $525848.49    | 0.95%             | 2027-09-23      | Floating      | 9.15%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                  | Golar LNG Ltd                                  | CUSIP: BR7245524<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   1260000 | PA      | $1265118.75   | 2.30%             | 2025-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| SLR GROUP GMBH                 | SLR Group GmbH                                 | CUSIP: ZD9638846<br>LEI: 529900WJI20NRSA96C93 | Long             | DBT              | CORP              | DE        |    677000 | PA      | $760591.27    | 1.38%             | 2027-10-09      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| NORSKE SKOG AS                 | Norske Skog ASA                                | CUSIP: YX6998836<br>LEI: 529900MYY60WXHHY3039 | Long             | DBT              | CORP              | NO        |   2300000 | PA      | $222057.89    | 0.40%             | 2029-06-25      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO AS               | Neptune Bidco AS                               | CUSIP: YX5577250<br>LEI: 894500UKQX0AV0XVNV14 | Long             | DBT              | CORP              | NO        |   1250000 | PA      | $106653.17    | 0.19%             | 2028-06-28      | Floating      | 11.11%                | No            |                  2 | On Loan: No      |
| OP HOLDCO GMBH                 | OP Holdco GmbH                                 | CUSIP: YT1078450<br>LEI: 391200EJZNGLOEMJB140 | Long             | DBT              | CORP              | DE        |    600000 | PA      | $686010.63    | 1.25%             | 2029-06-05      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| HOMNN HOLZWRK GMBH             | Homann Holzwerkstoffe GmbH                     | CUSIP: YO1641639<br>LEI: 391200PQLFN1BBF0FI07 | Long             | DBT              | CORP              | DE        |    700000 | PA      | $828690.23    | 1.50%             | 2032-06-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| N/A                            | NOK/USD FWD 20250715                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-517027.47   | -0.94%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SEK/USD FWD 20250715                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-298344.30   | -0.54%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | SEK/USD FWD 20250715                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $7329.72      | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| ELKEM ASA                      | Elkem ASA                                      | CUSIP: ZI5662229<br>LEI: 549300CVBE06T0SH6T76 | Long             | DBT              | CORP              | NO        |   7000000 | PA      | $699538.24    | 1.27%             | 2028-08-31      | Floating      | 6.19%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                    | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     50000 | PA      | $49454.98     | 0.09%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SEAPEAK LLC                    | Seapeak LLC                                    | CUSIP: BS4056732<br>LEI: 549300CP38L0UER0I397 | Long             | DBT              | CORP              | MH        |   9000000 | PA      | $914597.16    | 1.66%             | 2026-11-18      | Floating      | 9.52%                 | No            |                  2 | On Loan: No      |
| STOLT-NIELSEN LTD              | Stolt-Nielsen Ltd                              | CUSIP: ZI7987343<br>LEI: 213800VZX4LWJSGRLR94 | Long             | DBT              | CORP              | BM        |  15500000 | PA      | $1586807.00   | 2.88%             | 2028-09-26      | Floating      | 7.52%                 | No            |                  2 | On Loan: No      |
| 3T GLOBAL BIDCO PLC            | 3t Global Bidco PLC                            | CUSIP: ZB6868366<br>LEI: 984500A9A01BC5EF1N17 | Long             | DBT              | CORP              | GB        |    500000 | PA      | $505000.00    | 0.92%             | 2028-05-22      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NYNAS AB                       | Nynas AB                                       | CUSIP: YO6695168<br>LEI: 5493007VGEKBZGZ6PC69 | Long             | DBT              | CORP              | SE        |    125000 | PA      | $125572.91    | 0.23%             | 2028-06-17      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| BEELUX SARL                    | Beelux Sarl                                    | CUSIP: YR1980121<br>LEI: 9845009685FD2FCBD712 | Long             | SN               | CORP              | LU        |    934000 | PA      | $1069952.76   | 1.94%             | 2028-03-14      | Floating      | 8.47%                 | No            |                  2 | On Loan: No      |
| FELLESKJOPET AGRI SA           | Felleskjopet Agri SA                           | CUSIP: YQ3569536<br>LEI: 5967007LIEEXZXI1I867 | Long             | DBT              | CORP              | NO        |  11000000 | PA      | $1091663.95   | 1.98%             | 2030-03-19      | Floating      | 6.35%                 | No            |                  2 | On Loan: No      |
| B3 CONSULTING GROUP            | B3 Consulting Group AB                         | CUSIP: YX4653722<br>LEI: 549300DY2G2PN6NAI688 | Long             | DBT              | CORP              | SE        |  12500000 | PA      | $1334439.64   | 2.42%             | 2027-06-24      | Floating      | 7.15%                 | No            |                  2 | On Loan: No      |
| VERVE GROUP SE                 | Verve Group SE                                 | CUSIP: YR9250543<br>LEI: 391200UIIWMXRLGARB95 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $1172063.66   | 2.13%             | 2029-04-01      | Floating      | 6.33%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund     | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   2946611 | NS      | $2946611.45   | 5.35%             |  |  |  | No            |                  1 | On Loan: No      |
| SALMAR ASA                     | Salmar ASA                                     | CUSIP: BP0675184<br>LEI: 5967007LIEEXZXGDBK67 | Long             | DBT              | CORP              | NO        |   5000000 | PA      | $501410.30    | 0.91%             | 2027-01-22      | Floating      | 5.96%                 | No            |                  2 | On Loan: No      |
| HMH HOLDING BV                 | HMH Holding BV/Amsterdam                       | CUSIP: ZH9043394<br>LEI: 8945008FRZIYPW0VW366 | Long             | DBT              | CORP              | NL        |    755000 | PA      | $779380.23    | 1.42%             | 2026-11-16      | Fixed         | 9.88%                 | No            |                  2 | On Loan: No      |
| GENTOO MEDIA PLC               | Gentoo Media PLC                               | CUSIP: ZG5462731<br>LEI: 213800UCC6GA967UCS06 | Long             | DBT              | CORP              | MT        |   3750000 | PA      | $405781.96    | 0.74%             | 2026-12-18      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| NOA BIDCO AS                   | NoA BidCo AS                                   | CUSIP: ZD9637517<br>LEI: 549300HM6DQNPIW8LK34 | Long             | DBT              | CORP              | NO        |   1250000 | PA      | $127115.70    | 0.23%             | 2027-04-15      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| HAWK INFINITY SOFTWARE         | Hawk Infinity Software AS                      | CUSIP: YU0717220<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |   1500000 | PA      | $150616.60    | 0.27%             | 2029-10-15      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| LOCH DUART LTD                 | Loch Duart Ltd                                 | CUSIP: YV9886925<br>LEI: 213800BL2DIU7YNBQB83 | Long             | DBT              | CORP              | GB        |   5000000 | PA      | $497301.43    | 0.90%             | 2028-11-06      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| KOLIBRI BGMBH & CO KGAA        | Kolibri Beteiligungsgesellschaft mbH & Co KGaA | CUSIP: YS7553219<br>LEI: N/A                  | Long             | DBT              | CORP              | DE        |    750000 | PA      | $899477.87    | 1.63%             | 2029-02-13      | Floating      | 9.12%                 | No            |                  2 | On Loan: No      |
| SFL CORP LTD                   | SFL Corp Ltd                                   | CUSIP: YS5254596<br>LEI: 549300RLYYPSB0C7RH77 | Long             | DBT              | CORP              | BM        |    400000 | PA      | $400900.20    | 0.73%             | 2030-01-29      | Fixed         | 7.75%                 | No            |                  2 | On Loan: No      |
| NEXUS NEWCO BV                 | Nexus Newco BV                                 | CUSIP: YO4254034<br>LEI: 724500HA69XH0YFJPF52 | Long             | DBT              | CORP              | NL        |   1200000 | PA      | $1420611.83   | 2.58%             | 2030-06-04      | Floating      | 8.48%                 | No            |                  2 | On Loan: No      |
| GREENFOOD AB                   | Greenfood AB                                   | CUSIP: YU4668742<br>LEI: 54930026GZN5E1NE1E62 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $536748.62    | 0.97%             | 2028-11-13      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| PRISJAKT GROUP AB              | Prisjakt Group AB                              | CUSIP: YO3836229<br>LEI: 6367004VQU2RM5O58L44 | Long             | DBT              | CORP              | SE        |  15000000 | PA      | $1609254.93   | 2.92%             | 2029-05-22      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| STOCKWIK FORVALTNING           | Stockwik Forvaltning AB                        | CUSIP: YN3342642<br>LEI: 213800X1259MBEKD5H24 | Long             | DBT              | CORP              | SE        |  16250000 | PA      | $1728330.55   | 3.14%             | 2029-06-26      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20250715                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-659931.26   | -1.20%            |  |  |  | No            |                  2 | On Loan: No      |
| NORWEGIAN GOVERNMENT           | Norway Government Bond                         | CUSIP: YR2442626<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |   6250000 | PA      | $617376.16    | 1.12%             | 2035-06-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| N/A                            | NOK/USD FWD 20250715                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7622.29     | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| POSTEN BRING AS                | Posten Bring AS                                | CUSIP: BS5462913<br>LEI: 213800TR2QUHTOHDPR41 | Long             | DBT              | CORP              | NO        |  10000000 | PA      | $964403.83    | 1.75%             | 2026-11-25      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| NORDWEST INDUSTRIE GROUP       | Nordwest Industrie Group GmbH                  | CUSIP: YU4048051<br>LEI: 529900CQ8HW6B72Y2F81 | Long             | DBT              | CORP              | DE        |    660000 | PA      | $492384.51    | 0.89%             | 2028-11-06      | Floating      | 8.89%                 | No            |                  2 | On Loan: No      |
| SCHIBSTED ASA                  | Vend Marketplaces ASA                          | CUSIP: BS5525412<br>LEI: 5967007LIEEXZXHT0O36 | Long             | DBT              | CORP              | NO        |  10000000 | PA      | $997171.46    | 1.81%             | 2026-11-25      | Floating      | 5.42%                 | No            |                  2 | On Loan: No      |
| BORAS V-TYGET 1 AB             | Boras V-tyget 1 AB                             | CUSIP: YU6065111<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   6300000 | PA      | $679216.57    | 1.23%             | 2027-04-29      | Floating      | 8.05%                 | No            |                  2 | On Loan: No      |
| MAGELLAN BIDCO SARL            | Magellan Bidco Sarl                            | CUSIP: YT6817647<br>LEI: 254900X8W30B0V8UBS97 | Long             | DBT              | CORP              | LU        |    800000 | PA      | $969062.99    | 1.76%             | 2029-12-19      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| KEYTO GROUP AB                 | KEYTO Group AB                                 | CUSIP: ZB4254650<br>LEI: 6367005G88MCU6C7PJ78 | Long             | DBT              | CORP              | SE        |  10000000 | PA      | $1059624.35   | 1.92%             | 2029-05-08      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| REBELLION CAPITAL AB,          | Rebellion Capital AB                           | CUSIP: YU4047806<br>LEI: 984500M396A7C68AQE11 | Long             | DBT              | CORP              | SE        |   2500000 | PA      | $260061.60    | 0.47%             | 2028-05-08      | Floating      | 10.07%                | No            |                  2 | On Loan: No      |
| FORUM ENERGY TECHNOLOGIE       | Forum Energy Technologies Inc                  | CUSIP: YU7565416<br>LEI: 549300SF93HLCR1REE27 | Long             | DBT              | CORP              | US        |    900000 | PA      | $917829.15    | 1.67%             | 2029-11-07      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund       | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |   3234136 | NS      | $3234136.40   | 5.87%             |  |  |  | No            |                  1 | On Loan: No      |
| THE PLATFORM GROUP AG          | Platform Group AG                              | CUSIP: YX8650427<br>LEI: 391200T7OHCG8YPRQW61 | Long             | DBT              | CORP              | DE        |    500000 | PA      | $594866.48    | 1.08%             | 2028-07-11      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| PAMICA GROUP AB                | Pamica Group AB                                | CUSIP: YT4467601<br>LEI: 89450074TVKCROVJWT52 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $524870.78    | 0.95%             | 2027-12-05      | Floating      | 7.85%                 | No            |                  2 | On Loan: No      |
| MAGLE CHEMOSWED HOLD           | Magle Chemoswed Holding AB                     | CUSIP: YN4178466<br>LEI: 549300FNJZS6NGFB6M31 | Long             | DBT              | CORP              | SE        |  13750000 | PA      | $1409749.60   | 2.56%             | 2028-07-04      | Floating      | 8.66%                 | No            |                  2 | On Loan: No      |
| BOOSTER PRECISION COMPON       | Booster Precision Components GmbH              | CUSIP: ZN5041423<br>LEI: 213800B5BEW3DGUVHO57 | Long             | DBT              | CORP              | DE        |    142000 | PA      | $158266.59    | 0.29%             | 2026-11-28      | Floating      | 11.04%                | No            |                  2 | On Loan: No      |
| WELLTEC INTERNATIONAL          | Welltec International ApS                      | CUSIP: 95039LAA6<br>LEI: 549300MW4UJ1X7Q4F350 | Long             | DBT              | CORP              | DK        |   1000000 | PA      | $1000269.30   | 1.82%             | 2026-10-15      | Fixed         | 8.25%                 | No            |                  2 | On Loan: No      |
| NORWEGIAN T-BILL               | Norway Treasury Bill                           | CUSIP: YV7739183<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |  20000000 | PA      | $1967655.81   | 3.57%             | 2025-09-17      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| VIEW LEDGER AS                 | View Ledger AS                                 | CUSIP: YS5972734<br>LEI: 9845001DABA64B69D332 | Long             | DBT              | CORP              | NO        |   7500000 | PA      | $762694.21    | 1.38%             | 2029-01-31      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                  | Golar LNG Ltd                                  | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |    700000 | PA      | $720125.00    | 1.31%             | 2030-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EIDSIVA ENERGI AS              | Eidsiva Energi AS                              | CUSIP: BT4946120<br>LEI: 5967007LIEEXZXJJIO72 | Long             | DBT              | CORP              | NO        |  16000000 | PA      | $1562324.90   | 2.84%             | 2026-04-20      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| REMAGRUPPEN BIDCO 2 AB         | Remagruppen BidCo 2 AB                         | CUSIP: YT9280249<br>LEI: 636700KVMXQZXPYB8T79 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $513957.45    | 0.93%             | 2028-06-30      | Floating      | 10.66%                | No            |                  2 | On Loan: No      |
| OKECHAMP GLOBAL BV             | Okechamp Global B.V.                           | CUSIP: YU2441332<br>LEI: 72450068U3Z1C2APNF90 | Long             | DBT              | CORP              | NL        |    500000 | PA      | $581614.50    | 1.06%             | 2028-11-14      | Floating      | 9.64%                 | No            |                  2 | On Loan: No      |
| AGILYX AS                      | Agilyx ASA                                     | CUSIP: YT1479427<br>LEI: 5493000E25PBC2PXV881 | Long             | DBT              | CORP              | NO        |    250000 | PA      | $239062.50    | 0.43%             | 2027-11-29      | Fixed         | 13.50%                | No            |                  2 | On Loan: No      |
| KEYSTONE ACADEMICS SOLUT       | Keystone Academic Solutions AS                 | CUSIP: YS6366357<br>LEI: 549300LPDUBO826L3J08 | Long             | DBT              | CORP              | NO        |    800000 | PA      | $959246.77    | 1.74%             | 2029-02-03      | Floating      | 6.91%                 | No            |                  2 | On Loan: No      |
| HAWK INFINITY SOFTWARE         | Hawk Infinity Software AS                      | CUSIP: YS9609746<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |   6800000 | PA      | $682795.25    | 1.24%             | 2029-10-15      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| SALMAR ASA                     | Salmar ASA                                     | CUSIP: YS8270128<br>LEI: 5967007LIEEXZXGDBK67 | Long             | DBT              | CORP              | NO        |   7000000 | PA      | $695206.10    | 1.26%             | 2030-01-30      | Floating      | 5.74%                 | No            |                  2 | On Loan: No      |
| QFLOW GROUP AB                 | Qflow Group AB                                 | CUSIP: YV5350181<br>LEI: 6367009B048PH0858627 | Long             | DBT              | CORP              | SE        |  11250000 | PA      | $1198480.72   | 2.18%             | 2028-09-25      | Floating      | 7.65%                 | No            |                  2 | On Loan: No      |
| NEPTUNIA INVEST AB             | Neptunia Invest AB                             | CUSIP: YR0762397<br>LEI: 5493005V7BFLKCSNCQ81 | Long             | DBT              | CORP              | SE        |   3750000 | PA      | $399010.68    | 0.72%             | 2028-03-05      | Floating      | 7.07%                 | No            |                  2 | On Loan: No      |
| GEVEKO AB                      | Geveko AB                                      | CUSIP: YQ0111779<br>LEI: 549300WW9VVGNZ1G9A05 | Long             | DBT              | CORP              | SE        |   1000000 | PA      | $1198567.61   | 2.18%             | 2028-12-26      | Floating      | 6.50%                 | No            |                  2 | On Loan: No      |
| BOS GMBH & CO KG               | BOS GmbH & Co KG                               | CUSIP: YQ6749796<br>LEI: 529900XO8NUCKQJFB816 | Long             | DBT              | CORP              | DE        |    800000 | PA      | $928227.30    | 1.69%             | 2029-06-25      | Floating      | 11.03%                | No            |                  2 | On Loan: No      |
| NEO BIDCO AB                   | Goldcup 100865 AB                              | CUSIP: YX9531501<br>LEI: 6367006K4VQQGJD8Q028 | Long             | DBT              | CORP              | SE        |   1250000 | PA      | $134104.58    | 0.24%             | 2028-07-11      | Floating      | 7.83%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer