# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-23-007552
**Filing Date:** 2023-2
**Character Count:** 58287
**Document Hash:** 18c141b4648eb196b733525217d6a905
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-007552.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-007552

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 23651357

**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 Ultra-Short Duration Fund (Series ID: S000071657)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000227080 | CrossingBridge Ultra-Short Duration Fund - Institutional Class Shares | CBUDX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** |  |  |
| **Schedule of Investments** |  |  |
| **December 31, 2022 (Unaudited)** |  |  |
|  | **Face Amount†/** |  |
|  | **Number of Shares** | **Value** |
| **Asset Backed Securities - 7.56%** |  |  |
| **Agriculture, Forestry, Fishing and Hunting - 1.40%** |  |  |
| Arm Master Trust LLC Series 2022-T1 Agricultural Loan Backed Notes |  |  |
| &nbsp;&nbsp;&nbsp; 2022-T1, 4.400%, 06/16/2025 (a) | 1140000 | 1137442 |
| **Finance and Insurance - 4.59%** |  |  |
| HTS Fund I LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2021-1, 1.410%, 08/25/2036 (a) | 200000 | 197010 |
| LendingPoint 2021-B Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; A, 1.110%, 02/15/2029 (a) | 132498 | 131888 |
| LendingPoint 2022-A Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; A, 1.680%, 06/15/2029 (a) | 552050 | 548779 |
| Lendingpoint 2022-B Asset Securitization Trust |  |  |
| &nbsp;&nbsp;&nbsp; 2022-B, 4.770%, 10/15/2029 (a) | 351257 | 346694 |
| MMAF Equipment Finance LLC |  |  |
| &nbsp;&nbsp;&nbsp; 2022-B, 5.570%, 09/09/2025 (a) | 2500000 | 2503641 |
|  |  | 3728012 |
| **Manufacturing - 1.23%** |  |  |
| Daimler Trucks Retail Trust 2022-1 |  |  |
| &nbsp;&nbsp;&nbsp; 2022-1, 5.070%, 09/16/2024 | 1000000 | 1000737 |
| **Transportation and Warehousing - 0.34%** |  |  |
| Santander Consumer Auto Receivables Trust 2021-B |  |  |
| &nbsp;&nbsp;&nbsp; B, 1.450%, 10/15/2028 (a) | 286044 | 275830 |
| Total Asset Backed Securities (Cost $6,146,836) |  | 6142021 |
| **Bank Loans - 1.67%** |  |  |
| **Information - 1.67%** |  |  |
| Univision Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.821% (1 Month LIBOR + 2.750%), 03/15/2024 (b) | 1354000 | 1354284 |
| Total Bank Loans (Cost $1,350,346) |  | 1354284 |
| **Commercial Paper - 11.50%** |  |  |
| **Information - 1.84%** |  |  |
| Crown Castle, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.269%, 01/26/2023 (c) | 1500000 | 1494429 |
| **Manufacturing - 7.03%** |  |  |
| Constellation Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.238%, 02/07/2023 (c) | 1500000 | 1491799 |
| Eastman Chemical Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.744%, 01/10/2023 (c) | 1500000 | 1497896 |
| HP, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.597%, 01/23/2023 (c) | 1551000 | 1546203 |
| Jabil, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.337%, 01/13/2023 (c) | 1183000 | 1180656 |
|  |  | 5716554 |
| **Retail Trade - 2.63%** |  |  |
| Walgreens Boots Alliance, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.989%, 02/13/2023 (c) | 2153000 | 2139961 |
| Total Commercial Paper (Cost $9,352,379) |  | 9350944 |
| **Convertible Bonds - 1.25%** |  |  |
| **Information - 1.25%** |  |  |
| Leafly Holdings, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 8.000%, 01/31/2025 (d)(e) | 1089000 | 1012770 |
| Total Convertible Bonds (Cost $1,089,000) |  | 1012770 |
| **Corporate Bonds - 73.25%** |  |  |
| **Administrative and Support and Waste Management and Remediation Services - 1.23%** |  |  |
| Republic Services, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.750%, 05/15/2023 | 1000000 | 998350 |
| **Agriculture, Forestry, Fishing and Hunting - 0.72%** |  |  |
| Cooks Venture, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2022-2, 5.500%, 01/15/2025 (a) | 600000 | 589320 |
| **Finance and Insurance - 3.07%** |  |  |
| Elevance Health, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.300%, 01/15/2023 | 1500000 | 1498913 |
| Enceladus Development Venture III LLC |  |  |
| &nbsp;&nbsp;&nbsp; 10.000%, 11/15/2023 (a) | 1000000 | 1000000 |
|  |  | 2498913 |
| **Information - 9.96%** |  |  |
| Calligo UK Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 10.628% (3 Month EURIBOR + 8.500%), 12/29/2024 (b)(f)(g) | 400000 | 409981 |
| Infor, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.450%, 07/15/2023 (a) | 2050000 | 2002406 |
| Linkem S.p.A. |  |  |
| &nbsp;&nbsp;&nbsp; 7.693% (3 Month EURIBOR + 6.500%), 02/09/2023 (a)(b)(f)(g) | 1412000 | 1507691 |
| Oracle Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.625%, 02/15/2023 | 1000000 | 996929 |
| Quebecor Media, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.750%, 01/15/2023 (f) | 1663000 | 1661537 |
| Rogers Communications, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.000%, 03/15/2023 (f) | 1260000 | 1255085 |
| Tigo Energy, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 01/15/2025 (a) | 262500 | 258829 |
|  |  | 8092458 |
| **Manufacturing - 25.36%** |  |  |
| Blast Motion, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.500%, 02/15/2025 (a) | 1000000 | 966000 |
| Broadcom Corp / Broadcom Cayman Finance Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 2.650%, 01/15/2023 | 2000000 | 1998614 |
| Campbell Soup Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.650%, 03/15/2023 | 1395000 | 1391302 |
| Columbia Care, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 13.000%, 05/14/2024 (f) | 1026000 | 1015740 |
| &nbsp;&nbsp;&nbsp; 9.500%, 02/03/2026 (f) | 2016000 | 1979460 |
| Conagra Brands, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.200%, 01/25/2023 | 1456000 | 1454945 |
| Cytec Industries, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.500%, 04/01/2023 | 170000 | 170000 |
| General Electric Co. |  |  |
| &nbsp;&nbsp;&nbsp; 3.100%, 01/09/2023 | 856000 | 855741 |
| &nbsp;&nbsp;&nbsp; 5.769% (3 Month LIBOR + 1.000%), 03/15/2023 (b) | 617000 | 617066 |
| General Mills, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 5.089% (3 Month LIBOR + 1.010%), 10/17/2023 (b) | 240000 | 240555 |
| General Motors Financial Co, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.738% (3 Month LIBOR + 0.990%), 01/05/2023 (b) | 2000000 | 1999850 |
| Hewlett Packard Enterprise Co. |  |  |
| &nbsp;&nbsp;&nbsp; 2.250%, 04/01/2023 | 2573000 | 2554063 |
| HF Sinclair Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 2.625%, 10/01/2023 | 500000 | 489735 |
| Microchip Technology, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 4.333%, 06/01/2023 | 1500000 | 1493827 |
| Qorvo, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 1.750%, 12/15/2024 (a) | 1400000 | 1291150 |
| Zoetis, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.250%, 02/01/2023 | 2100000 | 2097006 |
|  |  | 20615054 |
| **Mining, Quarrying, and Oil and Gas Extraction - 4.27%** |  |  |
| Copper Mountain Mining Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 8.000%, 04/09/2026 (f) | 1337499 | 1250562 |
| Freeport-McMoRan, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 03/15/2023 | 1223000 | 1221655 |
| Glencore Funding LLC |  |  |
| &nbsp;&nbsp;&nbsp; 4.125%, 05/30/2023 (a) | 1000000 | 994918 |
|  |  | 3467135 |
| **Professional, Scientific, and Technical Services - 1.01%** |  |  |
| Getty Images, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 9.750%, 03/01/2027 (a) | 827000 | 817609 |
| **Real Estate and Rental and Leasing - 1.82%** |  |  |
| REX - Real Estate Exchange, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 6.000%, 03/15/2025 (a) | 1500000 | 1477200 |
| **Retail Trade - 5.96%** |  |  |
| AutoZone, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.875%, 01/15/2023 | 1347000 | 1346168 |
| eBay, Inc. |  |  |
| &nbsp;&nbsp;&nbsp; 2.750%, 01/30/2023 | 1000000 | 998383 |
| &nbsp;&nbsp;&nbsp; 5.285% (3 Month LIBOR + 0.870%), 01/30/2023 (b) | 2500000 | 2500415 |
|  |  | 4844966 |
| **Transportation and Warehousing - 5.54%** |  |  |
| DCP Midstream Operating LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.875%, 03/15/2023 | 1787000 | 1779763 |
| Golar LNG Ltd. |  |  |
| &nbsp;&nbsp;&nbsp; 7.000%, 10/20/2025 (f) | 739000 | 735305 |
| PBF Logistics LP / PBF Logistics Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 6.875%, 05/15/2023 | 1987000 | 1988142 |
|  |  | 4503210 |
| **Utilities - 7.73%** |  |  |
| Cheniere Corpus Christi Holdings LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.000%, 06/30/2024 | 785000 | 795274 |
| The Southern Co. |  |  |
| &nbsp;&nbsp;&nbsp; 8.399% (3 Month LIBOR + 3.630%), 03/15/2057 (b) | 3091000 | 3091000 |
| Talen Energy Supply LLC |  |  |
| &nbsp;&nbsp;&nbsp; 7.250%, 05/15/2027 (a) | 1064000 | 1106150 |
| &nbsp;&nbsp;&nbsp; 6.625%, 01/15/2028 (a) | 369000 | 377875 |
| &nbsp;&nbsp;&nbsp; 7.625%, 06/01/2028 (a) | 872000 | 910712 |
|  |  | 6281011 |
| **Wholesale Trade - 6.58%** |  |  |
| AmerisourceBergen Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 0.737%, 03/15/2023 | 1500000 | 1487483 |
| Energy Transfer LP |  |  |
| &nbsp;&nbsp;&nbsp; 3.600%, 02/01/2023 | 1500000 | 1497166 |
| Martin Midstream Partners LP / Martin Midstream Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp; 10.000%, 02/29/2024 (a) | 1974000 | 1983031 |
| Reliance Steel & Aluminum Co. |  |  |
| &nbsp;&nbsp;&nbsp; 4.500%, 04/15/2023 | 383000 | 382936 |
|  |  | 5350616 |
| Total Corporate Bonds (Cost $59,890,209) |  | 59535842 |
| **Rights - 0.06%** |  |  |
| Feutune Light Acquisition Corp. (h) | 103600 | 50350 |
| Total Rights (Cost $5,171) |  | 50350 |
| **Special Purpose Acquisition Companies - 1.30%** |  |  |
| Berenson Acquisition Corp. Founder Shares (d)(e)(h) | 1827 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;67 |
| Feutune Light Acquisition Corp. (h) | 103600 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1056720 |
| Total Special Purpose Acquisition Companies (Cost $1,029,023) |  | 1056787 |
| **Warrants - 0.00%** |  |  |
| Feutune Light Acquisition Corp. (h) |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 06/01/2029, Exercise Price: $11.50 | 103600 | 3108 |
| Leafly Holdings, Inc. (h) |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 11/07/2026, Exercise Price: $11.50 | 5553 | 223 |
| Total Warrants (Cost $1,634) |  | 3331 |
| **Money Market Funds - 4.17%** |  |  |
| First American Treasury Obligations Fund - Class X, 4.197% (i) | 3385705 | 3385705 |
| Total Money Market Funds (Cost $3,385,705) |  | 3385705 |
| **Total Investments (Cost $82,250,303) - 100.76%** |  | **81892034** |
| **Liabilities in Excess of Other Assets - (0.76)%** |  | **(617060)** |
| **Total Net Assets - 100.00%** |  | $**&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;81274974** |

---

---

| |
|:---|
| Percentages are stated as a percent of net assets. |
| † Face amount in U.S. Dollar unless otherwise indicated. |
| (a) Securities issued pursuant to Rule 144A under the Securities Act of 1933 and Regulation S under the Securities Act of 1933. Aggregate value of |
| these securities is $20,424,175 or 25.13% of Fund's net assets. |
| (b) Variable rate security. The rate shown represents the rate at December 31, 2022. |
| (c) The rate shown is the effective yield. |
| (d) Security valued using unobservable inputs. |
| (e) Illiquid security. |
| (f) Foreign issued security. |
| (g) Principal amount denominated in Euros. |
| (h) Non-income producing security. |
| (i) Seven day yield as of December 31, 2022. |
| Definitions: |
| EURIBOR – Euro-Interbank Offer Rate is a reference rate expressing the average interest rate at which eurozone banks offer unsecured short-term lending |
| on the interbank market. |
| LIBOR – London Interbank Offer Rate is a benchmark rate at which banks offer to lend funds to one another in the international interbank market |
| for short-term loans. |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** |  | |  | | |
| **Schedule of Forward Currency Exchange Contracts** | **Schedule of Forward Currency Exchange Contracts** | **Schedule of Forward Currency Exchange Contracts** | **Schedule of Forward Currency Exchange Contracts** |  | | |
| **December 31, 2022 (Unaudited)** | **December 31, 2022 (Unaudited)** |  | |  | | |
| **Settlement**<br> **Date** | **Counterparty** | **Currency to be**<br> **Delivered** | **USD Value at**<br> **December 31, 2022** | **Currency to be**<br> **Received** | **USD Value at**<br> **December 31, 2022** | **Unrealized**<br> **Appreciation / (Depreciation)** |
| 1/13/2023 | U.S. Bank | 1,818,000 EUR | $1948044 | 1,922,317 USD | $1922317 | $(25727) |
| EUR - Euro |  |  |  |  |  |  |
| USD - U.S. Dollars | USD - U.S. Dollars |  |  |  |  |  |

---

------

---

| |
|:---|
| **<u>Organization</u>** |
| Trust for Professional Managers (the "Trust") was organized as a Delaware statutory trust under a Declaration of Trust dated May 29, 2001. The Trust is registered |
| under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The CrossingBridge Funds (the |
| "Funds") are comprised of the CrossingBridge Low Duration High Yield Fund, the CrossingBridge Responsible Credit Fund, the CrossingBridge Ultra-Short Duration |
| Fund (collectively, the "Mutual Funds") and the CrossingBridge Pre-Merger SPAC ETF (the "ETF"), each representing a distinct diversified series with its own |
| investment objective and policies within the Trust. The investment objective of the CrossingBridge Low Duration High Yield Fund is to seek high current income and |
| capital appreciation consistent with the preservation of capital. The investment objective of the CrossingBridge Responsible Credit Fund is to seek high current |
| income and capital appreciation consistent with the preservation of capital. The investment objective of the CrossingBridge Ultra-Short Duration Fund is to offer a |
| higher yield than cash instruments while maintaining a low duration. The CrossingBridge Low Duration High Yield Fund commenced investment operations on |
| February 1, 2018. The Fund has registered both an Investor Class and Institutional Class of shares. During the fiscal quarter ended December 31, 2022, only the |
| Institutional Class was operational. Both the CrossingBridge Responsible Credit Fund and CrossingBridge Ultra-Short Duration Fund commenced investment |
| operations on June 30, 2021. Both Funds registered only an Institutional Class of shares. The investment objective of the CrossingBridge Pre-Merger SPAC ETF is to |
| provide total returns consistent with the preservation of capital. The ETF commenced investment operations on September 20, 2021. Costs incurred by the Funds in |
| connection with the organization, registration and the initial public offering of shares were paid by CrossingBridge Advisors, LLC ("the Adviser"), the Funds' |
| investment adviser. The Trust may issue an unlimited number of shares of beneficial interest at $0.001 par value. The Funds are investment companies and |
| accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards |
| Codification Topic 946 "Financial Services – Investment Companies." |
| **<u>Significant Accounting Policies</u>** |
| The following is a summary of significant accounting policies consistently followed by the Fund in the preparation of the financial statements. These policies are in |
| conformity with generally accepted accounting principles in the United States of America ("GAAP"). |
| **<u>Investment Valuation</u>** |
| Each security owned by the Fund that is listed on a securities exchange, including Special Purpose Acquisition Companies ("SPACs"), is valued at its last sale price on that |
| exchange on the date as of which assets are valued. Bank loans are valued at prices supplied by an approved independent pricing service ("Pricing Service"), if available, |
| and otherwise will be valued at the most recent bid quotations or evaluated prices, as applicable, based on quotations or prices obtained from one or more broker-dealers |
| known to follow the issue. |
| If the security is listed on more than one exchange, the Fund will use the price of the exchange that the Fund generally considers to be the principal exchange on |
| which the security is traded. Portfolio securities listed on the NASDAQ Stock Market, LLC ("NASDAQ") will be valued at the NASDAQ Official Closing Price, which may |
| not necessarily represent the last sale price. If there has been no sale on such exchange or on NASDAQ on such day, the security is valued at the mean between the |
| most recent bid and asked prices on such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being |
| valued. The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter |
| markets as published by a Pricing Service. |
| Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time the Fund calculates its NAV, whichever |
| is earlier. Foreign securities, currencies and other assets denominated in foreign currencies are then translated into U.S. dollars at the exchange rate of such |
| currencies against the U.S. dollar, as provided by an approved Pricing Service or reporting agency. All assets denominated in foreign currencies will be converted |
| into U.S. dollars using the applicable currency exchange rates as of the close of the New York Stock Exchange ("NYSE"), generally 4:00 p.m. Eastern Time. |
| Forward currency contracts are valued at the mean between the bid and asked prices by an approved Pricing Service. |
| Debt securities, including corporate bonds, bank loans, commercial paper, and short-term debt instruments having a maturity of 60 days or less, are valued at the |
| mean in accordance with prices supplied by an approved Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the |
| bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a |
| Pricing Service, the most recent quotation obtained from one or more broker-dealers known to follow the issue will be obtained. Quotations will be valued at the |
| mean between the bid and the offer. Any discount or premium is accreted or amortized using constant yield method over the life of the security. |
| Money market funds are valued at cost. If cost does not represent current market value the securities will be priced at fair value. |
| SPAC Founders Shares, received as part of the initial public offering process, will be valued initially in line with the publicly traded warrants, which typically have no value |
| prior to the warrants being separated from the SPAC common shares. Upon a de-SPAC transaction, the valuation of the Founders Shares may be updated to reflect |
| more current circumstances and inputs, including the value of the publicly traded warrants or the value of the publicly traded common shares, and may include a |
| discount to reflect any restrictions associated with the Founders Shares. |
| Redeemable securities issued by open-end, registered investment companies are valued at the NAVs of such companies for purchase and/or redemption orders |
| placed on that day. All exchange-traded funds are valued at the last reported sale price on the exchange on which the security is principally traded. |
| If market quotations are not readily available, a security or other asset will be valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under the |
| Adviser's fair value pricing procedures, subject to oversight by the Board of Trustees. These fair value pricing procedures will also be used to price a security when |
| corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may not reflect its actual fair market value. |
| The intended effect of using fair value pricing procedures is to ensure that the Fund is accurately priced. The Board of Trustees will regularly evaluate whether the Fund's |
| fair value pricing procedures continue to be appropriate in light of the specific circumstances of the Fund and the quality of prices obtained through the application of such |
| procedures by the Adviser. |
| FASB Accounting Standards Codification, "Fair Value Measurements and Disclosures" Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and |
| sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there has been a significant decrease in |
| volume and level of activity for the security such that recent transactions and quoted prices may not be determinative of fair value and further analysis and |
| adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced disclosure regarding the inputs and valuation techniques used to measure fair |
| value in those instances as well as expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below: |
| Level 1 – Quoted prices in active markets for identical securities. |
| Level 2 – Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.). |
| Level 3 – Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments). |
| The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. |
| The following is a summary of the inputs used to value the Funds investments carried at fair value as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Assets<sup>(1)</sup>:** | | | | |
| &nbsp;&nbsp;&nbsp;&nbsp;Asset Backed Securities | $- | $6142021 | $- | $6142021 |
| &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | - | 1354284 | - | 1354284 |
| &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | - | 9350944 | - | 9350944 |
| &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | - | - | 1012770 | 1012770 |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | - | 59535842 | - | 59535842 |
| &nbsp;&nbsp;&nbsp;&nbsp;Rights | - | 50350 | - | 50350 |
| &nbsp;&nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies | - | 1056720 | 67 | 1056787 |
| &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 3331 | - | - | 3331 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | 3385705 | - | - | 3385705 |
| **Total Assets** | $3389036 | $77490161 | $1012837 | $81892034 |
| **Other Financial Instruments<sup>(2)</sup>:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Exchange Contracts | $- | $(25727) | $- | $(25727) |
| **Total Other Financial Instruments** | $- | $(25727) | $- | $(25727) |
| <sup>(1)</sup> See the Fund's Schedule of Investments for industry classifications. | <sup>(1)</sup> See the Fund's Schedule of Investments for industry classifications. |  |  |  |
| <sup>(2)</sup> Other financial instruments are forward currency exchange contracts not included in the Schedule of Investments, which are reflected at the net unrealized | <sup>(2)</sup> Other financial instruments are forward currency exchange contracts not included in the Schedule of Investments, which are reflected at the net unrealized | <sup>(2)</sup> Other financial instruments are forward currency exchange contracts not included in the Schedule of Investments, which are reflected at the net unrealized | <sup>(2)</sup> Other financial instruments are forward currency exchange contracts not included in the Schedule of Investments, which are reflected at the net unrealized | <sup>(2)</sup> Other financial instruments are forward currency exchange contracts not included in the Schedule of Investments, which are reflected at the net unrealized |
| &nbsp;&nbsp;&nbsp;&nbsp;appreciation (depreciation) on the instrument. |  |  |  |  |
| 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: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: |  |

---

---

| | | | |
|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** | | | |
|  | **<u>Asset Backed Securities</u>** | **<u>Convertible Bonds</u>** | **<u>Special Purpose</u>**<br>  **<u>Acquisition</u>**<br>  **<u>Companies</u>** |
| Beginning Balance - October 1, 2022 | $1990626 | $1012770 | $93 |
| Purchases | - | - | - |
| Sales | - | - | - |
| Realized gains | - | - | - |
| Realized losses | - | - | - |
| Change in unrealized appreciation (depreciation) | - | - | (26) |
| Transfer in/(out) of Level 3 | (1990626) | - | - |
| Ending Balance - December 31, 2022 | $- | $1012770 | $67 |

---

The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and <br> categorized within Level 3 as of December 31, 2022:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** |  |  |  |  |
| **Description** | **Fair Value**<br> **December 31, 2022** | **Valuation Methodologies** | **Unobservable Input** | **Range/Weighted**<br>**Average Unobservable**<br> **Input** |
| Convertible Bonds\* | $1012770 | Company-specific information | Market discount | $100.00 |
| Special Purpose Acquisition Companies\*\* | $67 | Company-specific information | Market assessment | $0-$1 |
| \* Table presents information for one security, which has been valued at $93.00 throughout the period. | \* Table presents information for one security, which has been valued at $93.00 throughout the period. | \* Table presents information for one security, which has been valued at $93.00 throughout the period. |  |  |
| \*\* Table presents information for four securities, which have been valued between $0.01 and $0.09 throughout the period. | \*\* Table presents information for four securities, which have been valued between $0.01 and $0.09 throughout the period. | \*\* Table presents information for four securities, which have been valued between $0.01 and $0.09 throughout the period. | \*\* Table presents information for four securities, which have been valued between $0.01 and $0.09 throughout the period. |  |

---

## 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:** 513-629-8104

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

- **a. Name of Series:** CrossingBridge Ultra-Short Duration Fund

- **b. EDGAR series identifier (if any):** S000071657

- **c. LEI of Series:** 549300R61LS78Q2C7O40

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

- **a. Date of fiscal year-end:** 2023-09-30

- **b. Date as of which information is reported:** 2022-12-31

**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:** $83825016.20

**Total Liabilities:** $2546520.49

**Net Assets:** $81278495.71

**Cash Not Reported:** $40244.31

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 945.800000000000 | **1-Year:** 351.890000000000 | **5-Year:** 96.120000000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 934.800000000000 | **1-Year:** 879.450000000000 | **5-Year:** 176.970000000000 | **10-Year:** 8.240000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227080 | 0.24%                | 0.55%                | 0.70%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $4176.26                 | $-18707.32                                 |
| Month 2  | $36048.81                | $176548.57                                 |
| Month 3  | $25377.06                | $299912.88                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Feutune Light Acquisition Corp     | Feutune Light Acquisition Corp                                     | CUSIP: 31561T102<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103600 | NS      | $1056720.00   | 1.30%             |  |  |  | No            |                  2 | On Loan: No      |
| FEUTUNE LIGHT ACQUISITI-CL A       | Feutune Light Acquisition Corp                                     | CUSIP: 31561T110<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |    103600 | NS      | $3108.00      | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Feutune Light Acquisition Corp     | Feutune Light Acquisition Corp                                     | CUSIP: 31561T128<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    103600 | NS      | $50349.60     | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Treasury Obliga     | First American Treasury Obligations Fund                           | CUSIP: 31846V328<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   3385705 | NS      | $3385705.33   | 4.17%             |  |  |  | No            |                  1 | On Loan: No      |
| FREEPORT-MCMORAN INC               | Freeport-McMoRan Inc                                               | CUSIP: 35671DAZ8<br>LEI: 549300IRDTHJQ1PVET45 | Long             | DBT              | CORP              | US        |   1223000 | PA      | $1221654.70   | 1.50%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                | General Electric Co                                                | CUSIP: 36962G6S8<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    856000 | PA      | $855741.36    | 1.05%             | 2023-01-09      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| GENERAL ELECTRIC CO                | General Electric Co                                                | CUSIP: 36966THT2<br>LEI: 3C7474T6CDKPR9K6YT90 | Long             | DBT              | CORP              | US        |    617000 | PA      | $617066.03    | 0.76%             | 2023-03-15      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                  | General Mills Inc                                                  | CUSIP: 370334CC6<br>LEI: 2TGYMUGI08PO8X8L6150 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240554.87    | 0.30%             | 2023-10-17      | Floating      | 5.09%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO             | General Motors Financial Co Inc                                    | CUSIP: 37045XCE4<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1999849.62   | 2.46%             | 2023-01-05      | Floating      | 4.74%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                   | Getty Images Inc                                                   | CUSIP: 374276AJ2<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |    827000 | PA      | $817608.57    | 1.01%             | 2027-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| GLENCORE FUNDING LLC               | Glencore Funding LLC                                               | CUSIP: 378272AF5<br>LEI: 213800STG1QDNBY87K49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994918.42    | 1.22%             | 2023-05-30      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| HF SINCLAIR CORP                   | HF Sinclair Corp                                                   | CUSIP: 403949AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $489734.62    | 0.60%             | 2023-10-01      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| HTS Funding DE LLC                 | HTS Fund I LLC                                                     | CUSIP: 40456HAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    200000 | PA      | $197009.80    | 0.24%             | 2036-08-25      | Fixed         | 1.41%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO                   | Hewlett Packard Enterprise Co                                      | CUSIP: 42824CBE8<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   2573000 | PA      | $2554063.29   | 3.14%             | 2023-04-01      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| HP INC                             | HP Inc                                                             | CUSIP: 44331CNP2<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | STIV             | CORP              | US        |   1551000 | PA      | $1546203.27   | 1.90%             | 2023-01-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| INFOR INC                          | Infor Inc                                                          | CUSIP: 45674CAB9<br>LEI: 549300Q3IIYBYI4RHD64 | Long             | DBT              | CORP              | US        |   2050000 | PA      | $2002406.30   | 2.46%             | 2023-07-15      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| JABIL INC                          | Jabil Inc                                                          | CUSIP: 46652MND3<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   1183000 | PA      | $1180655.55   | 1.45%             | 2023-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC                | Leafly Holdings Inc                                                | CUSIP: 52178J113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5553 | NS      | $222.68       | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LendingPoint Asset Securitizat     | Lendingpoint 2022-A Asset Securitization Trust                     | CUSIP: 52605AAA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    552050 | PA      | $548778.85    | 0.68%             | 2029-06-15      | Fixed         | 1.68%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat     | Lendingpoint 2022-B Asset Securitization Trust                     | CUSIP: 52606WAA6<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    351257 | PA      | $346694.39    | 0.43%             | 2029-10-15      | Fixed         | 4.77%                 | No            |                  2 | On Loan: No      |
| LendingPoint Asset Securitizat     | Lendingpoint 2021-B Asset Securitization Trust                     | CUSIP: 52607HAA8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    132498 | PA      | $131887.81    | 0.16%             | 2029-02-15      | Fixed         | 1.11%                 | No            |                  2 | On Loan: No      |
| MRT MID PART/MRT MID FIN           | Martin Midstream Partners LP / Martin Midstream Finance Corp       | CUSIP: 573334AF6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1974000 | PA      | $1983031.05   | 2.44%             | 2024-02-29      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC                | Leafly Holdings Inc                                                | CUSIP: 58953MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1089000 | PA      | $1012770.00   | 1.25%             | 2025-01-31      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC           | Microchip Technology Inc                                           | CUSIP: 595017AP9<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1493827.20   | 1.84%             | 2023-06-01      | Fixed         | 4.33%                 | No            |                  2 | On Loan: No      |
| MMAF Equipment Finance LLC         | MMAF Equipment Finance LLC 2022-B                                  | CUSIP: 606940AB0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2500000 | PA      | $2503641.03   | 3.08%             | 2025-09-09      | Fixed         | 5.57%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                        | Oracle Corp                                                        | CUSIP: 68389XBR5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996929.26    | 1.23%             | 2023-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| PBF LOGISTICS LP/FINANCE           | PBF Logistics LP / PBF Logistics Finance Corp                      | CUSIP: 69318UAB1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1987000 | PA      | $1988142.53   | 2.45%             | 2023-05-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| QORVO INC                          | Qorvo Inc                                                          | CUSIP: 74739DAA2<br>LEI: 254900YAUJV2EUEVBR11 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1291150.00   | 1.59%             | 2024-12-15      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| QUEBECOR MEDIA INC                 | Quebecor Media Inc                                                 | CUSIP: 74819RAP1<br>LEI: 5493006O1E1TBNKPQW25 | Long             | DBT              | CORP              | CA        |   1663000 | PA      | $1661536.56   | 2.04%             | 2023-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| RELIANCE STEEL & ALUM              | Reliance Steel & Aluminum Co                                       | CUSIP: 759509AE2<br>LEI: 549300E287ZOFT3C5Z56 | Long             | DBT              | CORP              | US        |    383000 | PA      | $382935.72    | 0.47%             | 2023-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| REPUBLIC SERVICES INC              | Republic Services Inc                                              | CUSIP: 760759AM2<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998350.36    | 1.23%             | 2023-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| REX - REAL ESTATE EXCH             | REX - Real Estate Exchange Inc                                     | CUSIP: 76161RAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1477200.00   | 1.82%             | 2025-03-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ROGERS COMMUNICATIONS IN           | Rogers Communications Inc                                          | CUSIP: 775109AW1<br>LEI: 54930030NVF3Y2OL0A78 | Long             | DBT              | CORP              | CA        |   1260000 | PA      | $1255084.78   | 1.54%             | 2023-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| AMERISOURCEBERGEN CORP             | AmerisourceBergen Corp                                             | CUSIP: 03073EAS4<br>LEI: AI8GXW8LG5WK7E9UD086 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1487482.86   | 1.83%             | 2023-03-15      | Fixed         | 0.74%                 | No            |                  2 | On Loan: No      |
| ARM Master Trust LLC               | Arm Master Trust LLC Series 2022-T1 Agricultural Loan Backed Notes | CUSIP: 04206RAE4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1140000 | PA      | $1137442.18   | 1.40%             | 2025-06-16      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| AUTOZONE INC                       | AutoZone Inc                                                       | CUSIP: 053332AN2<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | DBT              | CORP              | US        |   1347000 | PA      | $1346167.58   | 1.66%             | 2023-01-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| BLAST MOTION INC                   | Blast Motion Inc                                                   | CUSIP: 09345BAC4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966000.00    | 1.19%             | 2025-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BROADCOM CRP /  CAYMN FI           | Broadcom Corp / Broadcom Cayman Finance Ltd                        | CUSIP: 11134LAM1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1998613.96   | 2.46%             | 2023-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CAMPBELL SOUP CO                   | Campbell Soup Co                                                   | CUSIP: 134429BE8<br>LEI: 5493007JDSMX8Z5Z1902 | Long             | DBT              | CORP              | US        |   1395000 | PA      | $1391302.18   | 1.71%             | 2023-03-15      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| CHENIERE CORP CHRISTI HD           | Cheniere Corpus Christi Holdings LLC                               | CUSIP: 16412XAD7<br>LEI: 549300I7CIEWU1BBLQ53 | Long             | DBT              | CORP              | US        |    785000 | PA      | $795274.32    | 0.98%             | 2024-06-30      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| COLUMBIA CARE INC EXT SR SEC ACR24 | COLUMBIA CARE INC EXT SR SEC ACR24                                 | CUSIP: 197309AD9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1026000 | PA      | $1015740.00   | 1.25%             | 2024-05-14      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| COLUMBIA CARE INC                  | Columbia Care Inc                                                  | CUSIP: 197309AP2<br>LEI: 54930058IQZHXZUH2W23 | Long             | DBT              | CORP              | CA        |   2016000 | PA      | $1979460.00   | 2.44%             | 2026-02-03      | Fixed         | 9.50%                 | No            |                  2 | On Loan: No      |
| CONAGRA BRANDS INC                 | Conagra Brands Inc                                                 | CUSIP: 205887BR2<br>LEI: 54930035UDEIH090K650 | Long             | DBT              | CORP              | US        |   1456000 | PA      | $1454944.78   | 1.79%             | 2023-01-25      | Fixed         | 3.20%                 | No            |                  2 | On Loan: No      |
| CONSTELLATION BRANDS INC           | Constellation Brands Inc                                           | CUSIP: 21037DP73<br>LEI: 5493005GKEG8QCVY7037 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1491798.63   | 1.84%             | 2023-02-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| COOKS VENTURE INC                  | Cooks Venture Inc                                                  | CUSIP: 216378AA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    600000 | PA      | $589320.00    | 0.73%             | 2025-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                  | Crown Castle Inc                                                   | CUSIP: 22823QNS6<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1494429.00   | 1.84%             | 2023-01-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CYTEC INDUSTRIES INC               | Cytec Industries Inc                                               | CUSIP: 232820AJ9<br>LEI: 549300CC16G1Y2NHCH33 | Long             | DBT              | CORP              | US        |    170000 | PA      | $170000.00    | 0.21%             | 2023-04-01      | Fixed         | 3.50%                 | No            |                  2 | On Loan: No      |
| DCP MIDSTREAM OPERATING            | DCP Midstream Operating LP                                         | CUSIP: 23311VAD9<br>LEI: 549300Y6CTBSE0QIPL28 | Long             | DBT              | CORP              | US        |   1787000 | PA      | $1779762.65   | 2.19%             | 2023-03-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| Daimler Trucks Retail Trust        | Daimler Trucks Retail Trust 2022-1                                 | CUSIP: 233869AB2<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1000000 | PA      | $1000737.00   | 1.23%             | 2024-09-16      | Fixed         | 5.07%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL CO                | Eastman Chemical Co                                                | CUSIP: 27743KNA4<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | STIV             | CORP              | US        |   1500000 | PA      | $1497896.25   | 1.84%             | 2023-01-10      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| EBAY INC                           | eBay Inc                                                           | CUSIP: 278642AS2<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998383.22    | 1.23%             | 2023-01-30      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| EBAY INC                           | eBay Inc                                                           | CUSIP: 278642AT0<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2500415.10   | 3.08%             | 2023-01-30      | Floating      | 5.28%                 | No            |                  2 | On Loan: No      |
| ENERGY TRANSFER LP                 | Energy Transfer LP                                                 | CUSIP: 29273RAS8<br>LEI: MTLVN9N7JE8MIBIJ1H73 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1497166.29   | 1.84%             | 2023-02-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| ENCELADUS DEV VENTUR III           | Enceladus Development Venture III LLC                              | CUSIP: 29290BAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000000.00   | 1.23%             | 2023-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| Santander Consumer Auto Receiv     | Santander Consumer Auto Receivables Trust 2021-B                   | CUSIP: 802824AB8<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    286044 | PA      | $275830.07    | 0.34%             | 2028-10-16      | Fixed         | 1.45%                 | No            |                  2 | On Loan: No      |
| SOUTHERN CO                        | Southern Co/The                                                    | CUSIP: 842587CY1<br>LEI: 549300FC3G3YU2FBZD92 | Long             | DBT              | CORP              | US        |   3091000 | PA      | $3091000.00   | 3.80%             | 2057-03-15      | Variable      | 8.40%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC            | Talen Energy Supply LLC                                            | CUSIP: 87422VAF5<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |   1064000 | PA      | $1106150.36   | 1.36%             | 2027-05-15      | None          | 7.25%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC            | Talen Energy Supply LLC                                            | CUSIP: 87422VAG3<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    369000 | PA      | $377874.45    | 0.46%             | 2028-01-15      | None          | 6.62%                 | No            |                  2 | On Loan: No      |
| TALEN ENERGY SUPPLY LLC            | Talen Energy Supply LLC                                            | CUSIP: 87422VAJ7<br>LEI: K5K33XN0PQAU1XF7NN66 | Long             | DBT              | CORP              | US        |    872000 | PA      | $910712.44    | 1.12%             | 2028-06-01      | None          | 7.62%                 | No            |                  2 | On Loan: No      |
| TIGO ENERGY INC                    | Tigo Energy Inc                                                    | CUSIP: 88675PAD5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    262500 | PA      | $258829.40    | 0.32%             | 2025-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| WALGREENS BOOTS ALLIANCE           | Walgreens Boots Alliance Inc                                       | CUSIP: 93142XPD7<br>LEI: 549300RPTUOIXG4LIH86 | Long             | STIV             | CORP              | US        |   2153000 | PA      | $2139960.89   | 2.63%             | 2023-02-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ELEVANCE HEALTH INC                | Elevance Health Inc                                                | CUSIP: 94973VBA4<br>LEI: 8MYN82XMYQH89CTMTH67 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1498912.58   | 1.84%             | 2023-01-15      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |
| ZOETIS INC                         | Zoetis Inc                                                         | CUSIP: 98978VAB9<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | DBT              | CORP              | US        |   2100000 | PA      | $2097006.37   | 2.58%             | 2023-02-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| BERENSON ACQUISITION CO-CL A       | Berenson Acquisition Corp I                                        | CUSIP: 083690115<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1827 | NS      | $66.69        | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COPPER MOUNTAIN MINING C           | Copper Mountain Mining Corp                                        | CUSIP: BO8204600<br>LEI: 5493006C53WJSL5MMV91 | Long             | DBT              | CORP              | CA        |   1337499 | PA      | $1250561.57   | 1.54%             | 2026-04-09      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                      | Golar LNG Ltd                                                      | CUSIP: BR7245524<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |    739000 | PA      | $735305.00    | 0.90%             | 2025-10-20      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| N/A                                | EUR/USD FWD 20230113                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-25727.39    | -0.03%            |  |  |  | No            |                  2 | On Loan: No      |
| UNIVISION COMMUNICATIONS           | Univision Communications Inc                                       | CUSIP: 914908AX6<br>LEI: 549300YQDE2JSGTL8V47 | Long             | LON              | CORP              | US        |   1354000 | PA      | $1354284.34   | 1.67%             | 2024-03-15      | Floating      | 6.82%                 | No            |                  2 | On Loan: No      |
| CALLIGO UK LTD                     | Calligo UK Ltd                                                     | CUSIP: BT0607353<br>LEI: 549300ZTMDJ5UKV05P96 | Long             | DBT              | CORP              | GB        |    400000 | PA      | $409980.84    | 0.50%             | 2024-12-29      | Floating      | 10.63%                | No            |                  2 | On Loan: No      |
| LINKEM SPA                         | Linkem SpA                                                         | CUSIP: BA0032827<br>LEI: 8156008F52B23E338F42 | Long             | DBT              | CORP              | IT        |   1412000 | PA      | $1507691.15   | 1.85%             | 2023-02-09      | Floating      | 7.69%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-25

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

**Signature:** /s/ John Buckel

**Name of Signer:** John Buckel

**Title:** President