# EDGAR Filing Document

**Accession Number:** 0001261788
**File Stem:** 0001145549-23-017830
**Filing Date:** 2023-3
**Character Count:** 14086
**Document Hash:** 6ad85f7e7c0e03d073fce57244451474
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017830.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0001145549-23-017830

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**PERIOD START**: 20231031

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Trust for Advised Portfolios
- **CENTRAL INDEX KEY:** 0001261788
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-21422
- **FILM NUMBER:** 23756858

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIEGLER CAPITAL MANAGEMENT INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20130128

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZIEGLER LOTSOFF CAPITAL MANAGEMENT INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20110803

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** LOTSOFF CAPITAL MANAGEMENT INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 20050915

## Series and Classes Contracts Data

### Soundwatch Hedged Equity ETF (Series ID: S000077614)

| Class ID   | Class Name                   | Ticker Symbol   |
|:---|:---|:---|
| C000238102 | Soundwatch Hedged Equity ETF | SHDG            |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **Soundwatch Hedged Equity ETF** | | | |
| **SCHEDULE OF INVESTMENTS** | | | |
| **January 31, 2023 (Unaudited)** | | | |
|  |<br><br>**Shares** | |<br><br>**Value** |
| **EXCHANGE TRADED FUND ― 91.8%<sup>(1)</sup>** | | | |
| iShares Core S&P 500 ETF <sup>(2)</sup> | 228708 |  | $93383763 |
| **TOTAL EXCHANGE TRADED FUND (Cost $55,908,214)** |  |  | $**93383763** |
| **PURCHASED OPTIONS ― 1.4%<sup>(3)</sup>** | **Contracts** | **Notional ($)** |  |
| **Call Options ― 0.9%** |  |  |  |
| S&P 500 Index at $4,000, Expires June 30, 2023 | 14 | 5707240 | 368970 |
| S&P 500 Index at $4,000, Expires December 29, 2023 | 12 | 4891920 | 487260 |
| **Total Call Options Purchased (Premiums paid $700,613)** |  |  | **856230** |
| **Put Options ― 0.5%** |  |  |  |
| S&P 500 Index at $3,620, Expires March 31, 2023 | 255 | 103953300 | 518925 |
| **Total Put Options Purchased (Premiums paid $2,346,536)** |  |  | **518925** |
| **TOTAL PURCHASED OPTIONS (Premiums $3,047,149)** |  |  | $**1375155** |
| **SHORT-TERM INVESTMENT ― 1.4%** | **Shares** |  |  |
| First American Money Market Fund - Government Obligations, X Class, 4.14% <sup>(4)</sup> | 1440662 |  | 1440662 |
| **TOTAL SHORT-TERM INVESTMENT (Cost $1,440,662)** |  |  | $**1440662** |
| **INVESTMENTS IN SECURITIES, AT VALUE ― 94.6% (Cost $60,396,025)** |  |  | $**96199580** |
| Other Assets in Excess of Liabilities ― 5.4% |  |  | 5541524 |
| **TOTAL NET ASSETS ― 100.0%** |  |  | $**101741104** |
| **WRITTEN OPTIONS ― (2.6)%<sup>(3)</sup>** | **Contracts** |  |  |
| **Call Options ― (2.0)%** |  |  |  |
| S&P 500 Index at $4,160, Expires March 31, 2023 | (255) | (103953300) | (2004300) |
| **Total Call Options Written (Premiums received $1,058,960)** |  |  | **(2004300)** |
| **Put Options ― (0.6)%** |  |  |  |
| S&P 500 Index at $3,320, Expires March 31, 2023 | (255) | (103953300) | (197625) |
| S&P 500 Index at $4,000, Expires June 30, 2023 | (14) | (5707240) | (190750) |
| S&P 500 Index at $4,000, Expires December 29, 2023 | (12) | (4891920) | (253020) |
| **Total Put Options Written (Premiums received $1,868,495)** |  |  | **(641395)** |
| **TOTAL WRITTEN OPTIONS (Premiums received $2,927,455)** |  |  | $**(2645695)** |

---

---

| | |
|:---|:---|
|  | Percentages are stated as a percent of net assets. |
| <sup>(1)</sup> | The Fund currently invests a portion of its assets in iShares Core S&P 500 ETF ("IVV"). The Fund may redeem its investment from IVV at any time if the Advisor determines that it is in the best interest of the Fund and its shareholders to do so. The performance of the Fund may be directly affected by the performance of IVV. The expense ratio of IVV is 0.03% of average net assets as reflected in the most current prospectus. The financial statements of IVV, including its portfolio of investments, can be found at the Securities and Exchange Commission's website www.sec.gov. As of January 31, 2023, the percentage of the Fund's net assets invested in IVV was 91.8%. |
| <sup>(2)</sup> | A portion of this security is pledged as collateral. |
| <sup>(3)</sup> | Non-income producing securities. |
| <sup>(4)</sup> | The rate is the annualized seven-day yield at period end. |

---

------

#### Soundwatch Hedged Equity ETF

#### Schedule of Investments (Continued)

#### January 31, 2023 (Unaudited)

#### Valuation

Securities Valuation –Securities traded on a national securities exchange are valued at the last reported sales price on the exchange on which the security is principally traded. Securities that are traded on more than one exchange are valued on the exchange determined by the Adviser to be the primary market. The Adviser anticipates that the Fund's portfolio holdings will be fair valued only if market quotations for those holdings are considered unreliable or are unavailable.

Securities primarily traded in the NASDAQ Global Market<sup>®</sup> for which market quotations are readily available shall be valued using the NASDAQ<sup>®</sup> Official Closing Price ("NOCP"). If the NOCP is not available, such securities shall be valued at the last sale price on the day of valuation, or if there has been no sale on such day, at the mean between the bid and asked prices. OTC securities which are not traded in the NASDAQ Global Market<sup>®</sup> shall be valued at the most recent sales price. Securities and assets for which market quotations are not readily available (including restricted securities which are subject to limitations as to their sale) are valued at fair value as determined in good faith under procedures approved by or under the direction of the Board.

Exchange traded options are valued at the composite mean price, which calculates the mean of the highest bid price and lowest ask price across the exchanges where the option is principally traded. On the last trading day prior to expiration, expiring options may be priced at intrinsic value. For options where market quotations are not readily available, fair value shall be determined by the Fund's Adviser with oversight by the Trust's Valuation Committee.

Various inputs are used in determining the value of the Fund's investments. These inputs are summarized into three broad levels and described below:

Level 1 - quoted prices in active markets for identical securities. An active market for the security is a market in which transactions occur with sufficient frequency and volume to provide pricing information on an ongoing basis. A quoted price in an active market provides the most reliable evidence of fair value.

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 - significant unobservable inputs, including the Fund's own assumptions in determining the fair value of investments.

The inputs or methodologies 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 fair value the Fund's investments in each category investment type as of January 31, 2023:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Description** | Level 1 | Level 2 | Level 3 | Total |
| **Assets** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Exchange Traded Fund | $93383763 | $- | $- | $93383763 |
| &nbsp;&nbsp;&nbsp; Purchased Options | - | 1375155 | - | 1375155 |
| &nbsp;&nbsp;&nbsp; Short-Term Investment | 1440662 | - | - | 1440662 |
| **Total** | $94824425 | $1375155 | $- | $96199580 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Liabilities** | | | | |
| &nbsp;&nbsp;&nbsp; Written Options | $- | $(2645695) | $- | $(2645695) |
| **Total** | $- | $(2645695) | $- | $(2645695) |

---

See the Schedule of Investments for further detail of investment classifications.

## 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 Advised Portfolios

- **b. Investment Company Act file number:** 811-21422

- **c. CIK number of Registrant:** 0001261788

- **d. LEI of Registrant:** 549300YZEFREMRTE2K87

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202-5210

  - **Telephone number:** 4142873700

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

- **a. Name of Series:** Soundwatch Hedged Equity ETF

- **b. EDGAR series identifier (if any):** S000077614

- **c. LEI of Series:** 549300VEVBDF4XEFOT96

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

- **a. Date of fiscal year-end:** 2023-10-31

- **b. Date as of which information is reported:** 2023-01-31

**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:** $104488253.64

**Total Liabilities:** $2747150.00

**Net Assets:** $101741103.64

**Cash Not Reported:** $8249635.31

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000238102 | 4.05%                | -2.85%               | 4.03%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $4844250.00                                |
| Month 2  | $1.34                    | $-5649750.00                               |
| Month 3  | $0.00                    | $5479603.20                                |

**Designated Index Information**

- **Index Name:** S&P 500 Total Return Index

- **Index Identifier:** SPTR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| iShares Core S&P 500 ETF       | iShares Core S&P 500 ETF                   | CUSIP: 464287200<br>LEI: 5493007M4YMN8XL48C14 | Long             | EC               | RF                | US        |    228708 | NS      | $93383763.48  | 91.79%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CBOE S&P CLL OPT 03/23 4160                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -255 | NC      | $-2004300.00  | -1.97%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CBOE S&P PUT OPT 03/23 3320                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -255 | NC      | $-197625.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CBOE S&P PUT OPT 03/23 3620                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       255 | NC      | $518925.00    | 0.51%             |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1440662 | NS      | $1440661.90   | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CBOE S&P CLL OPT 06/23 4000                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        14 | NC      | $368970.00    | 0.36%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CBOE S&P PUT OPT 06/23 4000                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -14 | NC      | $-190750.00   | -0.19%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | S&P DOW  CLL OPT 12/23 4000                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        12 | NC      | $487260.00    | 0.48%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | S&P DOW  PUT OPT 12/23 4000                | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -12 | NC      | $-253020.00   | -0.25%            |  |  |  | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-03-22

**Name of Applicant:** Trust for Advised Portfolios

**Signature:** /s/ Eric T. McCormick

**Name of Signer:** Trust for Advised Portfolios

**Title:** Treasurer