# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-004004
**Filing Date:** 2026-2
**Character Count:** 121263
**Document Hash:** d5253906d2f1000d71e41792300113ad
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004004.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0000894189-26-004004

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20260930

**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:** 26657198

**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 Low Duration High Income Fund (Series ID: S000060190)

| Class ID   | Class Name                                                                | Ticker Symbol   |
|:---|:---|:---|
| C000196992 | CrossingBridge Low Duration High Income Fund - Retail Class Shares        | CBLVX           |
| C000196993 | CrossingBridge Low Duration High Income Fund - Institutional Class Shares | CBLDX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **CORPORATE BONDS - 56.7%** | **CORPORATE BONDS - 56.7%** | **Par** | **Value**  |
| **Accommodation and Food Services - 2.4%** | **Accommodation and Food Services - 2.4%** | **Accommodation and Food Services - 2.4%** | **Accommodation and Food Services - 2.4%** |
|  GrubHub Holdings, Inc., 13.00% (or 7.00% PIK), 07/31/2030 <sup>(a)</sup> |  | $42905565 | $35139930 |
| **Administrative and Support and Waste Management and Remediation Services - 0.8%** | **Administrative and Support and Waste Management and Remediation Services - 0.8%** | **Administrative and Support and Waste Management and Remediation Services - 0.8%** | **Administrative and Support and Waste Management and Remediation Services - 0.8%** |
|  Fair Isaac Corp., 5.25%, 05/15/2026 <sup>(a)</sup> |  | 11350000 | 11373133 |
| **Communications - 0.7%** | **Communications - 0.7%** | **Communications - 0.7%** | **Communications - 0.7%** |
|  Fable Media Group AB, 9.00%, 11/11/2028 | SEK | 37310740 | 4032389 |
| Gentoo Media PLC | Gentoo Media PLC | Gentoo Media PLC | Gentoo Media PLC |
| &nbsp;&nbsp; 9.10% (3 mo. STIBOR + 7.25%), 12/18/2026 | SEK | 28175000 | 3056512 |
| &nbsp;&nbsp; 9.31% (3 mo. EURIBOR + 7.25%), 12/18/2026 | EUR | 3310000 | 3898110 |
|  |  |  | 10987011 |
| **Consumer Discretionary - 4.2%** | **Consumer Discretionary - 4.2%** | **Consumer Discretionary - 4.2%** | **Consumer Discretionary - 4.2%** |
|  Aider Konsern AS, 8.35% (3 mo. NIBOR + 4.15%), 09/05/2028 | NOK | 26550000 | 2670145 |
|  Alaska Airlines, Inc., Series A, Series A, 4.80%, 08/15/2027 <sup>(a)</sup> |  | 1120652 | 1128027 |
|  Booster Precision Components GmbH, 11.07% (3 mo. EURIBOR + 9.00%), 11/28/2026 | EUR | 1764112 | 2093914 |
|  European Entertainment Intressenter BidCo AB, 9.26% (3 mo. EURIBOR + 7.25%), 09/29/2030 | EUR | 17700000 | 20098981 |
|  OP Holdco GmbH, 8.53% (3 mo. EURIBOR + 6.50%), 06/05/2029 <sup>(a)</sup> | EUR | 16900000 | 18768509 |
|  United Airlines, Inc., 4.38%, 04/15/2026 <sup>(a)</sup> |  | 11061000 | 11053819 |
|  United Airlines, Inc., Series A, Series A, 4.00%, 04/11/2026 |  | 6448195 | 6447878 |
|  View Ledger AS, 8.73% (3 mo. NIBOR + 4.50%), 01/31/2029 | NOK | 9500000 | 963780 |
|  |  |  | 63225053 |
| **Energy - 1.2%** | **Energy - 1.2%** | **Energy - 1.2%** | **Energy - 1.2%** |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 17250000 | 17853750 |
| **Finance and Insurance - 5.4%** | **Finance and Insurance - 5.4%** | **Finance and Insurance - 5.4%** | **Finance and Insurance - 5.4%** |
|  BGC Group, Inc., 6.15%, 04/02/2030 |  | 6707000 | 6958788 |
|  Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029 <sup>(a)</sup> |  | 40566062 | 37661010 |
|  General Motors Financial Co., Inc., 1.25%, 01/08/2026 |  | 6720000 | 6716758 |
|  Icahn Enterprises LP, 5.25%, 05/15/2027 |  | 19652000 | 19396950 |
|  Mutares SE & Co. KGaA, 10.52% (3 mo. EURIBOR + 8.50%), 03/31/2027 | EUR | 2000000 | 2401589 |
|  Oaktree Strategic Credit Fund, 6.19%, 07/15/2030 <sup>(a)</sup> |  | 5822000 | 5867704 |
|  Prime Security Services Borrower LLC, 5.75%, 04/15/2026 <sup>(a)</sup> |  | 1116000 | 1117594 |
|  |  |  | 80120393 |
| **Health Care and Social Assistance - 3.2%** | **Health Care and Social Assistance - 3.2%** | **Health Care and Social Assistance - 3.2%** | **Health Care and Social Assistance - 3.2%** |
|  Formycon AG, 9.03% (3 mo. EURIBOR + 7.00%), 07/09/2029 | EUR | 12188000 | 13678771 |
|  HCA, Inc., 5.25%, 06/15/2026 |  | 16461000 | 16474190 |
|  Magle Chemoswed Holding AB, 8.46% (3 mo. STIBOR + 6.50%), 07/04/2028 | SEK | 117500000 | 12443654 |
|  Orexo AB, 8.35% (3 mo. STIBOR + 6.50%), 03/28/2028 | SEK | 43750000 | 4918400 |
|  |  |  | 47515015 |
| **Holding Companies - 0.6%** | **Holding Companies - 0.6%** | **Holding Companies - 0.6%** | **Holding Companies - 0.6%** |
|  Novedo Holding AB, 8.84% (3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 56250000 | 5715036 |
|  Qflow Group AB, 7.35% (3 mo. STIBOR + 5.50%), 09/25/2028 | SEK | 27500000 | 3042317 |
|  |  |  | 8757353 |
| **Industrials - 2.9%** | **Industrials - 2.9%** | **Industrials - 2.9%** | **Industrials - 2.9%** |
|  Beelux Sarl, 8.85% (3 mo. EURIBOR + 6.75%), 03/14/2028 <sup>(b)</sup> | EUR | 11620761 | 13178718 |
|  Mangrove Luxco III Sarl, 7.03% (3 mo. EURIBOR + 5.00%), 07/15/2029 | EUR | 20826000 | 24527306 |
|  Stolt-Nielsen Ltd., 7.22% (3 mo. NIBOR + 3.15%), 09/26/2028 <sup>(a)</sup> | NOK | 13500000 | 1382254 |
|  Twma Finance AS, 13.00%, 02/08/2027 |  | 3369000 | 3435006 |
|  |  |  | 42523284 |
| **Information - 5.5%** | **Information - 5.5%** | **Information - 5.5%** | **Information - 5.5%** |
| Cabonline Group Holding AB | Cabonline Group Holding AB | Cabonline Group Holding AB | Cabonline Group Holding AB |
| &nbsp;&nbsp; 10.00%, 03/19/2028 | SEK | 21879529 | 2254733 |
| &nbsp;&nbsp; 12.00%, 03/19/2028 | SEK | 77770274 | 8060389 |
|  GCI LLC, 4.75%, 10/15/2028 <sup>(a)</sup> |  | 20442000 | 19950658 |
| Go North Group AB | Go North Group AB | Go North Group AB | Go North Group AB |
| &nbsp;&nbsp; 10.05% (3 Month SOFR + 5.76%, or 10.05% PIK), 02/09/2026 <sup>(c)</sup> |  | 8391077 | 2290894 |
| &nbsp;&nbsp; 15.00% (or 15.00% PIK), 02/09/2027 <sup>(c)(d)</sup> |  | 3643266 | 0 |
| &nbsp;&nbsp; 15.00% (or 15.00% PIK), 02/09/2027 <sup>(c)(d)</sup> | SEK | 16010879 | 0 |
| &nbsp;&nbsp; 15.00% (or 15.00% PIK), 02/02/2028 <sup>(c)(d)</sup> | SEK | 6326043 | 0 |
|  Impala BondCo PLC, 12.00% (or 12.00% PIK) (3 mo. STIBOR + 9.00%), 10/30/2027 | SEK | 14313023 | 979439 |
|  SS&C Technologies, Inc., 5.50%, 09/30/2027 <sup>(a)</sup> |  | 29785000 | 29830690 |
|  T-Mobile USA, Inc., 2.25%, 02/15/2026 |  | 11179000 | 11153878 |
|  Warnermedia Holdings, Inc., 3.76%, 03/15/2027 |  | 8026000 | 7986689 |
|  |  |  | 82507370 |
| **Manufacturing - 8.5%** | **Manufacturing - 8.5%** | **Manufacturing - 8.5%** | **Manufacturing - 8.5%** |
|  AbbVie, Inc., 2.95%, 11/21/2026 |  | 8400000 | 8337466 |
|  Berry Global, Inc., 4.88%, 07/15/2026 <sup>(a)</sup> |  | 5163000 | 5164142 |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028 |  | 17087000 | 9312415 |
|  Chemours Co., 4.63%, 11/15/2029 <sup>(a)</sup> |  | 2000000 | 1810305 |
| Dana, Inc. | Dana, Inc. | Dana, Inc. | Dana, Inc. |
| &nbsp;&nbsp; 5.38%, 11/15/2027 |  | 3867000 | 3863041 |
| &nbsp;&nbsp; 5.63%, 06/15/2028 |  | 16033000 | 16017228 |
|  Gilead Sciences, Inc., 3.65%, 03/01/2026 |  | 8847000 | 8843666 |
|  Jabil, Inc., 1.70%, 04/15/2026 |  | 10567000 | 10495064 |
|  Microchip Technology, Inc., 5.05%, 02/15/2030 |  | 11462000 | 11706995 |
|  Neptune Bidco AS, 10.82% (3 mo. NIBOR + 6.75%), 06/28/2028 | NOK | 55000000 | 3592097 |
|  Pfizer, Inc., 4.20%, 11/15/2030 |  | 5112000 | 5141097 |
|  Prosomnus Sleep Technologies, Inc., 8.00%, 12/31/2026 <sup>(c)</sup> |  | 7253808 | 6973811 |
|  Secop Group Holding GmbH, 10.42% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 2561000 | 3041863 |
|  Sherwin-Williams Co., 3.95%, 01/15/2026 |  | 8847000 | 8845703 |
|  Sonoco Products Co., 4.45%, 09/01/2026 |  | 6466000 | 6480701 |
|  Stanley Black & Decker, Inc., 3.40%, 03/01/2026 |  | 11287000 | 11270965 |
|  Western Digital Corp., 4.75%, 02/15/2026 |  | 5228000 | 5249487 |
|  |  |  | 126146046 |
| **Materials - 0.2%** | **Materials - 0.2%** | **Materials - 0.2%** | **Materials - 0.2%** |
|  Alltub Group SAS, 8.50% (3 mo. EURIBOR + 6.50%), 04/30/2030 | EUR | 2443000 | 2914075 |
| **Mining, Quarrying, and Oil and Gas Extraction - 1.7%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.7%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.7%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.7%** |
|  Nabors Industries Ltd., 7.50%, 01/15/2028 <sup>(a)</sup> |  | 22599000 | 22609554 |
|  New Enterprise Stone & Lime Co., Inc., 9.75%, 07/15/2028 <sup>(a)</sup> |  | 2566000 | 2599024 |
|  |  |  | 25208578 |
| **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** |
|  Shutterfly Finance LLC, 9.75%, 10/01/2027 <sup>(a)</sup> |  | 5619000 | 5640127 |
| **Professional, Scientific, and Technical Services - 7.3%** | **Professional, Scientific, and Technical Services - 7.3%** | **Professional, Scientific, and Technical Services - 7.3%** | **Professional, Scientific, and Technical Services - 7.3%** |
|  Charles River Laboratories International, Inc., 4.25%, 05/01/2028 <sup>(a)</sup> |  | 8397000 | 8327509 |
|  Gen Digital, Inc., 6.75%, 09/30/2027 <sup>(a)</sup> |  | 14573000 | 14800703 |
| Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. |
| &nbsp;&nbsp; 14.00%, 03/01/2028 <sup>(a)</sup> |  | 11621000 | 10967437 |
| &nbsp;&nbsp; 11.25%, 02/21/2030 <sup>(a)</sup> |  | 17976000 | 16871371 |
|  Go Daddy Operating Co. LLC, 5.25%, 12/01/2027 <sup>(a)</sup> |  | 17644000 | 17703266 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 2.65%, 07/15/2026 |  | 21930000 | 21755019 |
| &nbsp;&nbsp; 3.25%, 11/15/2027 |  | 14524000 | 14220831 |
|  VMware LLC, 1.40%, 08/15/2026 |  | 4061000 | 4002205 |
|  |  |  | 108648341 |
| **Real Estate - 1.2%** | **Real Estate - 1.2%** | **Real Estate - 1.2%** | **Real Estate - 1.2%** |
|  Boras V-tyget 1 AB, 7.70% (3 mo. STIBOR + 5.75%), 04/29/2027 | SEK | 165900000 | 18380275 |
| **Real Estate and Rental and Leasing - 0.9%** | **Real Estate and Rental and Leasing - 0.9%** | **Real Estate and Rental and Leasing - 0.9%** | **Real Estate and Rental and Leasing - 0.9%** |
|  Williams Scotsman, Inc., 4.63%, 08/15/2028 <sup>(a)</sup> |  | 12934000 | 12938888 |
| **Technology - 4.3%** | **Technology - 4.3%** | **Technology - 4.3%** | **Technology - 4.3%** |
|  Azerion Group NV, 7.52% (3 mo. EURIBOR + 5.50%), 10/02/2029 | EUR | 16800000 | 19200395 |
|  Goldcup 100865 AB, 7.40% (3 mo. STIBOR + 5.50%), 07/11/2028 | SEK | 6250000 | 697537 |
|  Hawk Infinity Software AS, 10.65% (3 mo. NIBOR + 6.50%), 10/15/2029 <sup>(a)(b)</sup> | NOK | 71900000 | 6831570 |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 22500000 | 24194401 |
|  Verve Group SE, 6.02% (3 mo. EURIBOR + 4.00%), 04/01/2029 <sup>(a)</sup> | EUR | 11312000 | 12712241 |
|  |  |  | 63636144 |
| **Transportation and Warehousing - 2.6%** | **Transportation and Warehousing - 2.6%** | **Transportation and Warehousing - 2.6%** | **Transportation and Warehousing - 2.6%** |
|  Hawaiian Holdings, Inc., Series 2013-1, Series 2013-1, 3.90%, 01/15/2026 |  | 21687550 | 21666328 |
|  XPO, Inc., 6.25%, 06/01/2028 <sup>(a)</sup> |  | 16727000 | 17085828 |
|  |  |  | 38752156 |
| **Utilities - 0.9%** | **Utilities - 0.9%** | **Utilities - 0.9%** | **Utilities - 0.9%** |
|  ONEOK, Inc., 4.25%, 09/24/2027 |  | 13261000 | 13314742 |
| **Wholesale Trade - 1.8%** | **Wholesale Trade - 1.8%** | **Wholesale Trade - 1.8%** | **Wholesale Trade - 1.8%** |
|  Performance Food Group, Inc., 5.50%, 10/15/2027 <sup>(a)</sup> |  | 20955000 | 20997497 |
|  TD Synnex Corp., 1.75%, 08/09/2026 |  | 6667000 | 6569688 |
|  |  |  | 27567185 |
| **TOTAL CORPORATE BONDS** (Cost $857,351,098) | **TOTAL CORPORATE BONDS** (Cost $857,351,098) | **TOTAL CORPORATE BONDS** (Cost $857,351,098) | 843148849 |
| **BANK LOANS - 12.7%** | **BANK LOANS - 12.7%** | **Par** | **Value**  |
| **Communications - 3.5%** | **Communications - 3.5%** | **Communications - 3.5%** | **Communications - 3.5%** |
|  CMG Media Corp., First Lien, 7.27% (3 mo. Term SOFR + 3.50%), 06/18/2029 |  | 46370748 | 43412294 |
|  Magnite, Inc., 6.72% (1 mo. Term SOFR + 3.75%), 02/06/2031 |  | 8952764 | 8954645 |
|  |  |  | 52366939 |
| **Consumer Discretionary - 3.8%** | **Consumer Discretionary - 3.8%** | **Consumer Discretionary - 3.8%** | **Consumer Discretionary - 3.8%** |
|  Bally's Corp., First Lien, 7.37% (3 mo. Term SOFR + 3.25%), 10/02/2028 |  | 35764524 | 35327660 |
|  Elevate Textiles, Inc., 12.64% (3 mo. Term SOFR + 8.65%), 09/30/2027 |  | 8607865 | 8658996 |
|  Marelli Delayed Draw, 11.75% (1 mo. Term SOFR + 7.75%), 03/09/2026 |  | 4793600 | 4917418 |
|  Marelli Term Loan, 11.75% (1 mo. Term SOFR + 7.75%), 03/09/2026 |  | 7190400 | 7376128 |
|  |  |  | 56280202 |
| **Finance and Insurance - 1.6%** | **Finance and Insurance - 1.6%** | **Finance and Insurance - 1.6%** | **Finance and Insurance - 1.6%** |
|  Fiserv Investment Term Loan B, 7.89% (3 mo. Term SOFR + 4.00%), 02/18/2027 |  | 23972367 | 23756616 |
| **Manufacturing - 0.8%** | **Manufacturing - 0.8%** | **Manufacturing - 0.8%** | **Manufacturing - 0.8%** |
|  K&N Parent, Inc., 11.83% (3 mo. Term SOFR + 8.00%), 02/14/2027 |  | 11851509 | 11792252 |
| **Materials - 0.2%** | **Materials - 0.2%** | **Materials - 0.2%** | **Materials - 0.2%** |
|  Tosca Services LLC, 9.22% (1 mo. Term SOFR + 5.50%), 11/30/2028 |  | 3039082 | 3087525 |
| **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** |
|  Chicago Atlantic Real Estate Finance Term Loan, First Lien, 9.00%, 10/17/2028 |  | 25349000 | 25222255 |
| **Retail Trade - 1.1%** | **Retail Trade - 1.1%** | **Retail Trade - 1.1%** | **Retail Trade - 1.1%** |
|  The Container Store, Inc. First Out Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(c)</sup> |  | 9823667 | 8350117 |
|  The Container Store, Inc. Rolled Up First Out Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(c)</sup> |  | 3753643 | 3190596 |
|  The Container Store, Inc. Second Out Loan, 9.20% (6 mo. Term SOFR + 5.00%), 07/30/2029 <sup>(c)</sup> |  | 536348 | 107270 |
|  The Container Store, Inc. Super Senior. Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(c)</sup> |  | 4597039 | 4597039 |
|  |  |  | 16245022 |
| **TOTAL BANK LOANS** (Cost $189,855,807) | **TOTAL BANK LOANS** (Cost $189,855,807) | **TOTAL BANK LOANS** (Cost $189,855,807) | 188750811 |
| **SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) - 5.3%** |  | **Shares** | **Value**  |
| Activate Energy Acquisition Corp. <sup>(f)</sup> |  | 100000 | 1000000 |
| Alpha Partners Technology Merger Corp. Founder Shares <sup>(c)(d)(f)</sup> |  | 9341 | 0 |
| Apex Treasury Corp. <sup>(f)</sup> |  | 150000 | 1507500 |
| Blueport Acquisition Ltd. <sup>(f)</sup> |  | 92000 | 925060 |
| Cantor Equity Partners I, Inc. - Class A <sup>(f)</sup> |  | 366457 | 3818482 |
| Charlton Aria Acquisition Corp. - Class A <sup>(f)</sup> |  | 115000 | 1205200 |
| Columbus Acquisition Corp. <sup>(f)</sup> |  | 118214 | 1223515 |
| Crane Harbor Acquisition Corp. II <sup>(f)</sup> |  | 250000 | 2516250 |
| Crown Reserve Acquisition Corp. I <sup>(f)</sup> |  | 555665 | 5523310 |
| D Boral ARC Acquisition I Corp. - Class A <sup>(f)</sup> |  | 200000 | 2006000 |
| Daedalus Special Acquisition Corp. <sup>(f)</sup> |  | 80000 | 804000 |
| Emmis Acquisition Corp. - Class A <sup>(f)</sup> |  | 175000 | 1744750 |
| Evolution Global Acquisition Corp. <sup>(f)</sup> |  | 75000 | 755250 |
| General Purpose Acquisition Corp. <sup>(f)</sup> |  | 100000 | 1001000 |
| GigCapital8 Corp. <sup>(f)</sup> |  | 150000 | 1536000 |
| Hall Chadwick Acquisition Corp. <sup>(f)</sup> |  | 125000 | 1253125 |
| Harvard Ave Acquisition Corp. <sup>(f)</sup> |  | 415000 | 4154150 |
| Invest Green Acquisition Corp. <sup>(f)</sup> |  | 75000 | 752250 |
| Kochav Defense Acquisition Corp. - Class A <sup>(f)</sup> |  | 275000 | 2788500 |
| Leapfrog Acquisition Corp. <sup>(f)</sup> |  | 75000 | 750375 |
| McKinley Acquisition Corp. <sup>(f)</sup> |  | 123355 | 1243418 |
| Mercer Park Opportunities Corp. <sup>(f)(g)</sup> |  | 1725300 | 18115650 |
| Miluna Acquisition Corp. <sup>(f)</sup> |  | 75000 | 749250 |
| NMP Acquisition Corp. - Class A <sup>(f)</sup> |  | 468500 | 4694370 |
| Quartzsea Acquisition Corp. <sup>(f)</sup> |  | 140189 | 1436937 |
| Safeguard Acquisition Corp. <sup>(f)</sup> |  | 32607 | 328842 |
| Solarius Capital Acquisition Corp. <sup>(f)</sup> |  | 100000 | 1027000 |
| Spring Valley Acquisition Corp. III - Class A <sup>(f)</sup> |  | 115000 | 1167250 |
| TGE Value Creative Solutions Corp. <sup>(f)</sup> |  | 450000 | 4473000 |
| Translational Development Acquisition Corp. <sup>(f)</sup> |  | 250000 | 2622500 |
| Twelve Seas Investment Co. III <sup>(f)</sup> |  | 100000 | 995000 |
| Vendome Acquisition Corp. I - Class A <sup>(f)</sup> |  | 300000 | 3021000 |
| Vine Hill Capital Investment Corp. II <sup>(f)</sup> |  | 200000 | 2006000 |
| Westin Acquisition Corp. <sup>(f)</sup> |  | 125000 | 1255000 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $76,970,852) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $76,970,852) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $76,970,852) | 78399934 |
| **ASSET-BACKED SECURITIES - 4.2%** | **ASSET-BACKED SECURITIES - 4.2%** | **Par** | **Value**  |
| **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** |
|  Hertz Corp., Series 2025-1A, Class A, 4.91%, 09/25/2029 <sup>(a)</sup> |  | 10076000 | 10208451 |
| **Finance and Insurance - 3.5%** | **Finance and Insurance - 3.5%** | **Finance and Insurance - 3.5%** | **Finance and Insurance - 3.5%** |
|  Alterna Funding LLC, A Series 2024-1A, Class A, 6.26%, 05/16/2039 <sup>(a)</sup> |  | 1750132 | 1754873 |
|  Coinstar Funding LLC, A2 Series 2017-1A, Class A2, 5.22%, 04/25/2047 <sup>(a)</sup> |  | 21009315 | 24034656 |
|  DB Master Finance Parent LLC, Series 2021-1A, Class A2II, 2.49%, 11/20/2051 <sup>(a)</sup> |  | 8814720 | 8357929 |
|  Lyra Music Assets Delaware LP, A2 Series 2025-1A, Class A2, 5.60%, 09/20/2065 <sup>(a)</sup> |  | 8114117 | 8191480 |
| RAM LLC, A | RAM LLC, A | RAM LLC, A | RAM LLC, A |
| &nbsp;&nbsp; Series 2024-1, Class A, 6.67%, 02/15/2039 <sup>(a)</sup> |  | 1583418 | 1583885 |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 05/15/2040 <sup>(a)</sup> |  | 7745853 | 7788630 |
|  |  |  | 51711453 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $56,441,266) | **TOTAL ASSET-BACKED SECURITIES** (Cost $56,441,266) | **TOTAL ASSET-BACKED SECURITIES** (Cost $56,441,266) | 61919904 |
| **MORTGAGE-BACKED SECURITIES - 3.8%** | **MORTGAGE-BACKED SECURITIES - 3.8%** | **Par** | **Value**  |
| **Finance and Insurance - 3.8%** | **Finance and Insurance - 3.8%** | **Finance and Insurance - 3.8%** | **Finance and Insurance - 3.8%** |
|  ARES Commercial Mortgage Trust, Series 2024-IND2, Class A, 5.19% (1 mo. Term SOFR + 1.44%), 10/15/2034 <sup>(a)</sup> |  | 6615000 | 6627207 |
| BX Trust, A | BX Trust, A | BX Trust, A | BX Trust, A |
| &nbsp;&nbsp; Series 2024-BIO, Class A, 5.39% (1 mo. Term SOFR + 1.64%), 02/15/2041 <sup>(a)</sup> |  | 4170000 | 4166087 |
| &nbsp;&nbsp; Series 2024-KING, Class A, 5.29% (1 mo. Term SOFR + 1.54%), 05/15/2034 <sup>(a)</sup> |  | 12296124 | 12310748 |
| &nbsp;&nbsp; Series 2025-LUNR, Class A, 5.25% (1 mo. Term SOFR + 1.50%), 06/15/2040 <sup>(a)</sup> |  | 16590745 | 16635526 |
|  BX Trust, B Series 2024-KING, Class B, 5.49% (1 mo. Term SOFR + 1.74%), 05/15/2034 <sup>(a)</sup> |  | 2674787 | 2679998 |
|  DGWD Trust, A Series 2025-INFL, Class A, 5.35% (1 mo. Term SOFR + 1.60%), 08/15/2035 <sup>(a)</sup> |  | 8067000 | 8106636 |
|  DGWD Trust, B Series 2025-INFL, Class B, 5.55% (1 mo. Term SOFR + 1.80%), 08/15/2035 <sup>(a)</sup> |  | 2180000 | 2184883 |
|  JP Morgan Chase Commercial Mortgage Securities, A Series 2021-MHC, Class A, 4.92% (1 mo. Term SOFR + 1.16%), 04/15/2038 <sup>(a)</sup> |  | 3494963 | 3495170 |
|  |  |  | 56206255 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $56,118,594) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $56,118,594) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $56,118,594) | 56206255 |
| **CONVERTIBLE BONDS - 2.0%** | **CONVERTIBLE BONDS - 2.0%** | **Par** | **Value**  |
| **Accommodation and Food Services - 0.8%** | **Accommodation and Food Services - 0.8%** | **Accommodation and Food Services - 0.8%** | **Accommodation and Food Services - 0.8%** |
|  Braemar Hotels & Resorts, Inc., 4.50%, 06/01/2026 |  | 11667000 | 11423451 |
| **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** |
|  Euronet Worldwide, Inc., 0.63%, 10/01/2030 <sup>(a)</sup> |  | 11079000 | 10130361 |
| **Information - 0.3%** | **Information - 0.3%** | **Information - 0.3%** | **Information - 0.3%** |
|  Go North Group AB, 0.00%, 12/31/2050 <sup>(c)(d)(e)</sup> | SEK | 39553628 | 0 |
|  Leafly Holdings, Inc., 8.00%, 01/15/2026 <sup>(c)</sup> |  | 5982000 | 5084700 |
|  |  |  | 5084700 |
| **Technology - 0.2%** | **Technology - 0.2%** | **Technology - 0.2%** | **Technology - 0.2%** |
|  Dropbox, Inc., 0.00%, 03/01/2026 <sup>(e)</sup> |  | 2563000 | 2545059 |
| **TOTAL CONVERTIBLE BONDS** (Cost $30,925,408) | **TOTAL CONVERTIBLE BONDS** (Cost $30,925,408) | **TOTAL CONVERTIBLE BONDS** (Cost $30,925,408) | 29183571 |
| **MUNICIPAL BONDS - 0.3%** | **MUNICIPAL BONDS - 0.3%** | **Par** | **Value**  |
| **New York - 0.1%** | **New York - 0.1%** | **New York - 0.1%** | **New York - 0.1%** |
|  New York State Dormitory Authority, 5.38%, 05/01/2035 (Obligor: Pace University) <sup>(h)</sup> |  | 2005000 | 2005000 |
| **Pennsylvania - 0.2%** | **Pennsylvania - 0.2%** | **Pennsylvania - 0.2%** | **Pennsylvania - 0.2%** |
|  Pennsylvania Economic Development Financing Authority, 4.00%, 06/01/2041 (Obligor: Waste Management, Inc.) <sup>(h)(i)</sup> |  | 2500000 | 2502003 |
| **TOTAL MUNICIPAL BONDS** (Cost $4,505,000) | **TOTAL MUNICIPAL BONDS** (Cost $4,505,000) | **TOTAL MUNICIPAL BONDS** (Cost $4,505,000) | 4507003 |
| **PREFERRED STOCKS - 0.2%** |  | **Shares** | **Value**  |
| **Administrative and Support and Waste Management and Remediation Services - 0.2%** | **Administrative and Support and Waste Management and Remediation Services - 0.2%** | **Administrative and Support and Waste Management and Remediation Services - 0.2%** |  |
|  SWK Holdings Corp., 9.00%, 01/31/2027 <sup>(f)</sup> |  | 152467 | 3884859 |
| **TOTAL PREFERRED STOCKS** (Cost $3,811,675) | **TOTAL PREFERRED STOCKS** (Cost $3,811,675) | **TOTAL PREFERRED STOCKS** (Cost $3,811,675) | 3884859 |
| **COMMON STOCKS - 0.1%** |  | **Shares** | **Value**  |
| **Finance and Insurance - 0.0% <sup>(j)</sup>** | **Finance and Insurance - 0.0% <sup>(j)</sup>** | **Finance and Insurance - 0.0% <sup>(j)</sup>** |  |
| Euronet Worldwide, Inc. <sup>(f)</sup> |  | 4657 | 354444 |
| **Manufacturing - 0.1%** | **Manufacturing - 0.1%** | **Manufacturing - 0.1%** |  |
| Cannabist Co. Holdings, Inc. <sup>(f)</sup> |  | 4027595 | 237226 |
| Cannabist Co. Holdings, Inc. <sup>(c)(d)(f)</sup> |  | 4027595 | 0 |
| Prosomnus Equity <sup>(c)(f)(m)</sup> |  | 996799 | 996799 |
|  |  |  | 1234025 |
| **Retail Trade - 0.0% <sup>(j)</sup>** | **Retail Trade - 0.0% <sup>(j)</sup>** | **Retail Trade - 0.0% <sup>(j)</sup>** |  |
| The Container Store, Inc. <sup>(d)(f)</sup> |  | 252306 | 0 |
| **TOTAL COMMON STOCKS** (Cost $1,280,964) | **TOTAL COMMON STOCKS** (Cost $1,280,964) | **TOTAL COMMON STOCKS** (Cost $1,280,964) | 1588469 |
| **WARRANTS - 0.0% <sup>(j)</sup>** |  | **Contracts** | **Value**  |
| **Information *-* 0.0% <sup>(j)</sup>** | **Information *-* 0.0% <sup>(j)</sup>** | **Information *-* 0.0% <sup>(j)</sup>** |  |
| Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00 <sup>(d)(f)</sup> |  | 36943 | 0 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 0 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 9.3%** | **COMMERCIAL PAPER - 9.3%** | **Par** | **Value**  |
| **Consumer Discretionary - 2.0%** |  |  |  |
| Genuine Parts Co., 3.99%, 01/12/2026 <sup>(a)(k)</sup> |  | 29901000 | 29860481 |
| **Consumer Staples - 2.7%** |  |  |  |
| Imperial Brands Finance PLC, 3.89%, 01/20/2026 <sup>(a)(k)</sup> |  | 17086000 | 17049186 |
| Keurig Dr Pepper, Inc., 4.35%, 01/16/2026 <sup>(a)(k)</sup> |  | 23860000 | 23819832 |
|  |  |  | 40869018 |
| **Finance and Insurance - 1.4%** |  |  |  |
| Crown Castle, Inc., 4.18%, 01/20/2026 <sup>(a)(k)</sup> |  | 20972000 | 20923248 |
| **Manufacturing - 1.6%** |  |  |  |
| Jabil, Inc., 4.12%, 01/07/2026 <sup>(a)(k)</sup> |  | 23072000 | 23052350 |
| **Materials - 1.6%** |  |  |  |
| International Flavors & Fragrances, Inc., 4.16%, 01/23/2026 <sup>(a)(k)</sup> |  | 24084000 | 24024734 |
| **TOTAL COMMERCIAL PAPER** (Cost $138,736,649) | **TOTAL COMMERCIAL PAPER** (Cost $138,736,649) | **TOTAL COMMERCIAL PAPER** (Cost $138,736,649) | 138729831 |
| **MONEY MARKET FUNDS - 5.4%** | **MONEY MARKET FUNDS - 5.4%** | **Shares** | **Value**  |
| First American Government Obligations Fund - Class X, 3.67% <sup>(l)</sup> |  | 3026151 | 3026151 |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(l)</sup> |  | 77511857 | 77511857 |
| **TOTAL MONEY MARKET FUNDS** (Cost $80,538,008) | **TOTAL MONEY MARKET FUNDS** (Cost $80,538,008) | **TOTAL MONEY MARKET FUNDS** (Cost $80,538,008) | 80538008 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $1,496,535,321**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $1,496,535,321**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $1,496,535,321**)** | 1486857494 |
| Liabilities in Excess of Other Assets - (0.0)% <sup>(j)</sup> | Liabilities in Excess of Other Assets - (0.0)% <sup>(j)</sup> | Liabilities in Excess of Other Assets - (0.0)% <sup>(j)</sup> | (161384) |
| **TOTAL NET ASSETS - 100.0%** |  |  | $1486696110 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets.<br> AB - Aktiebolag | Percentages are stated as a percent of net assets.<br> AB - Aktiebolag | Percentages are stated as a percent of net assets.<br> AB - Aktiebolag |  |

---

---

| |
|:---|
| EURIBOR - Euro Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| NIBOR - Norway Interbank Offered Rate |
| PIK - Payment in Kind |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| STIBOR - Stockholm Interbank Offered Rate |
| EUR - Euro |
| NOK - Norwegian Krone |
| SEK - Swedish Krona<br> USD - United States Dollar |

---

(a) 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 December 31, 2025, the value of these securities total $617,319,141 or 41.5% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of December 31, 2025.

(c) 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
 $31,591,226 or 2.1% of net assets as of December 31, 2025.

(d) Security is currently in default.

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

(f) Non-income producing security.

(g) Affiliated security as defined by the Investment Company Act of 1940.

(h) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of
 December 31, 2025.

(i) Security subject to the Alternative Minimum Tax ("AMT"). As of December 31, 2025, the total value of securities subject to the AMT was $2,502,003 or 0.2% of net assets.

(j) Represents less than 0.05% of net assets.

(k) The rate shown is the annualized yield as of December 31, 2025.

(l) The rate shown represents the 7-day annualized yield as of December 31, 2025.

(m) Privately held.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income Fund** | **CrossingBridge Low Duration High Income 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** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | EUR | 1077000 | USD | 1264937 | $1671 |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 184836554 | EUR | 159050000 | (2214501) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 16147469 | NOK | 162880000 | (12946) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 61898084 | SEK | 583910000 | (1576809) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(3802585) |
| 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 December 31, 2025 (Unaudited)
CrossingBridge Low Duration High Income 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 December 31, 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 | $– | $833884144 | $9264705 | $843148849 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 172505789 | 16245022 | 188750811 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies (SPACs) | 51046806 | 27353128 | 0 | 78399934 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 61919904 | – | 61919904 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 56206255 | – | 56206255 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 24098871 | 5084700 | 29183571 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 4507003 | – | 4507003 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 3884859 | – | – | 3884859 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 591670 | 0 | 996799 | 1588469 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 0 | – | – | 0 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | – | 138729831 | – | 138729831 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 80538008 | – | – | 80538008 |
| Total Investments | $136061343 | $1319204925 | $31591226 | $1486857494 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $1671 | $– | $1671 |
| Total Other Financial Instruments | $– | $1671 | $– | $1671 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $(3804256) | $– | $(3804256) |
| Total Other Financial Instruments | $– | $(3804256) | $– | $(3804256) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 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. |

---

------

---

| | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| 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: |  |  |  |  |  |
| **<u>CrossingBridge Low Duration High Income Fund</u>** | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Special Purpose Acquisition Companies</u>** | **<u>Convertible Bonds</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u> </u>** |
| Beginning Balance - October 1, 2025 | $8659736 | 4653268 | - | $| 5178200 | $| 996799 |  |
| Purchases | 193550 | 191397 | - |  | - |  | - |  |
| Sales | - | (2616431) | - |  | (110000) |  | - |  |
| Realized gains | - | - | - |  | - |  | - |  |
| Realized losses | - | (429410) | - |  | - |  | - |  |
| Accretion of discount/(amortization of premium) | 65518 | 51005 | - |  | - |  | - |  |
| Change in unrealized appreciation/(depreciation) | 345901 | (1068345) | (2195) |  | 16500 |  | - |  |
| Transfer in/(out) of Level 3 | - | 15463538 | 2195 |  | - |  | - |  |
| Ending Balance - December 31, 2025 | $9264705 | 16245022 | 0 | $| 5084700 | $| 996799 |  |
| The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: |  |  |  |  |  |
|  | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Special Purpose</u>**<br>  **<u>Acquisition Companies</u>** | **<u>Convertible Bonds</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** |  |
|  | $345901 | (1068345) | (2195) | $| 16500 | $| - |  |
| 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 | 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:<br>|  |  |  |  |  |  |  |  |
| **<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: | 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: | 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 | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | 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. | 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 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 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 categorized within Level 3 as of December 31, 2025: | 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 December 31, 2025: | 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 December 31, 2025: | 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 December 31, 2025: |  |  |  |  |  |
| **CrossingBridge Low Duration High Income Fund**<br> **** <br>|  |  |  |  |  |  |  |  |
| **Descriptions** | **Fair Value**<br> **December 31, 2025** | **Valuation Techniques** | **Unobservable Input** | **Range of Input** | **Range of Input** | **Weighted Average Unobservable Input <sup>(1)</sup>** | **Weighted Average Unobservable Input <sup>(1)</sup>** | **Impact to Valuation**<br> **from an Increase in Input <sup>(2)</sup>** |
| Corporate Bonds | $9264705 | Market Approach | Yield to maturity |  | 20.00% |  | 20.00% | Decrease |
|  |  |  | Recoverable value |  | 0-30.10% |  | 30.10% | Increase |
| Bank Loans | $16245022 | Market Approach | Transaction price |  | $20-100 |  | $88.82 | Increase |
| Special Purpose Acquisition Companies | $0 | Market Approach | Recoverable value |  | $0 |  | $0 | Increase |
| Convertible Bonds | $5084700 | Market Approach | Recoverable value |  | $0-85 |  | $85 | Increase |
| Common Stocks | $996799 | Market Approach | Enterprise Value |  | $1.18 |  | $1.18 | Increase |
|  |  |  | Discount |  | 15-100% |  | 15.00% | Decrease |
| <sup>(1)</sup> Weighted average by relative fair value of the investments in that asset class. | <sup>(1)</sup> Weighted average by relative fair value of the investments in that asset class. |  |  |  |  |  |  |  |
| <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. | <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. | <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. | <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. | <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. | <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input. |  |  |  |

---

## 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 Low Duration High Income Fund

- **b. EDGAR series identifier (if any):** S000060190

- **c. LEI of Series:** 549300HPEEU2DRMQCR25

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

- **a. Date of fiscal year-end:** 2026-09-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $1504306286.74

**Total Liabilities:** $14920462.84

**Net Assets:** $1489385823.90

**Cash Not Reported:** $1061094.08

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 9141.514910000000 | **1-Year:** 14950.704569000000 | **5-Year:** 15059.926582000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 48919.335050000000 | **1-Year:** 67715.148728000000 | **5-Year:** 18977.600798000000 | **10-Year:** 640.822438000000 | **30-Year:** 16.072950000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000196992 | -0.13%               | 0.24%                | 0.78%                |
| Class ID C000196993 | -0.09%               | 0.26%                | 0.81%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2919048.07              | $-18464624.71                              |
| Month 2  | $848169.59               | $-2156684.70                               |
| Month 3  | $-3424793.83             | $11201599.53                               |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BX Trust                                           | BX Trust 2024-BIO                                             | CUSIP: 05612AAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4170000 | PA      | $4166086.87   | 0.28%             | 2041-02-15      | Floating      | 5.39%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC                                   | Berry Global Inc                                              | CUSIP: 085770AA3<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   5163000 | PA      | $5164142.00   | 0.35%             | 2026-07-15      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| BRAEMAR HOTELS & RESORTS                           | Braemar Hotels & Resorts Inc                                  | CUSIP: 10482BAB7<br>LEI: 549300JDUUEBN868C776 | Long             | DBT              | CORP              | US        |  11667000 | PA      | $11423451.38  | 0.77%             | 2026-06-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| WARNERMEDIA HOLDINGS INC                           | Warnermedia Holdings Inc                                      | CUSIP: 55903VBL6<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |   8026000 | PA      | $7986688.65   | 0.54%             | 2027-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| PERFORMANCE FOOD GROUP I                           | Performance Food Group Inc                                    | CUSIP: 69346VAA7<br>LEI: 549300OMUOGBYK0FFO76 | Long             | DBT              | CORP              | US        |  20955000 | PA      | $20997496.74  | 1.41%             | 2027-10-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| PFIZER INC                                         | Pfizer Inc                                                    | CUSIP: 717081FD0<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | DBT              | CORP              | US        |   5112000 | PA      | $5141096.99   | 0.35%             | 2030-11-15      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| SHERWIN-WILLIAMS CO                                | Sherwin-Williams Co/The                                       | CUSIP: 824348BF2<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | DBT              | CORP              | US        |   8847000 | PA      | $8845703.30   | 0.59%             | 2026-01-15      | Fixed         | 3.95%                 | No            |                  2 | On Loan: No      |
| SHUTTERFLY FINANCE LLC                             | Shutterfly Finance LLC                                        | CUSIP: 82568NAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5619000 | PA      | $5640127.44   | 0.38%             | 2027-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO                                 | Sonoco Products Co                                            | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   6466000 | PA      | $6480701.16   | 0.44%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-1 A PTT                            | United Airlines 2014-1 Class A Pass Through Trust             | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6448195 | PA      | $6447878.12   | 0.43%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SECOP GROUP HLDG GMBH                              | Secop Group Holding GmbH                                      | CUSIP: ZK8432245<br>LEI: 3912009IWWPURB35WO49 | Long             | DBT              | CORP              | DE        |   2561000 | PA      | $3041863.05   | 0.20%             | 2026-12-29      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| Translational Development Acqu                     | Translational Development Acquisition Corp                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    250000 | NS      | $2622500.00   | 0.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Twelve Seas Investment Co III                      | Twelve Seas Investment Co III                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $995000.00    | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Vendome Acquisition Corp I                         | Vendome Acquisition Corp I                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    300000 | NS      | $3021000.00   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| TEGRA118 WEALTH SOLUTION                           | Tegra118 Wealth Solutions Inc                                 | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  23972367 | PA      | $23756616.08  | 1.60%             | 2027-02-18      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| The Container Store Exit Loan - First Out T/L- Tar | The Container Store Exit Loan - First Out T/L- Tar            | CUSIP: 21075BAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9823667 | PA      | $8350116.63   | 0.56%             | 2029-04-30      | Floating      | 4.92%                 | No            |                  3 | On Loan: No      |
| BEELUX SARL                                        | Beelux Sarl                                                   | CUSIP: YR1980121<br>LEI: 9845009685FD2FCBD712 | Long             | SN               | CORP              | LU        |  11620761 | PA      | $13178717.58  | 0.88%             | 2028-03-14      | Floating      | 8.85%                 | No            |                  2 | On Loan: No      |
| TRUSTLY AB                                         | Trustly AB                                                    | CUSIP: YK1879799<br>LEI: 549300MVSSPGPLS7JG31 | Long             | DBT              | CORP              | SE        |  22500000 | PA      | $24194401.35  | 1.62%             | 2030-10-08      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| Prosomnus Sleep Technologies Inc.                  | Prosomnus Sleep Technologies Inc.                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   7253808 | PA      | $6973810.92   | 0.47%             | 2026-12-31      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| WILLIAMS SCOTSMAN INC                              | Williams Scotsman Inc                                         | CUSIP: 96950GAE2<br>LEI: 549300DAKDS8SCO1OT57 | Long             | DBT              | CORP              | US        |  12934000 | PA      | $12938887.63  | 0.87%             | 2028-08-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| TGE Value Creative Solutions C                     | TGE Value Creative Solutions Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | FR        |    450000 | NS      | $4473000.00   | 0.30%             |  |  |  | No            |                  1 | On Loan: No      |
| STOLT-NIELSEN LTD                                  | Stolt-Nielsen Ltd                                             | CUSIP: ZI7987343<br>LEI: 213800VZX4LWJSGRLR94 | Long             | DBT              | CORP              | BM        |  13500000 | PA      | $1382254.42   | 0.09%             | 2028-09-26      | Floating      | 7.22%                 | No            |                  2 | On Loan: No      |
| CANNABIST CO HLDGS INC COM                         | CANNABIST CO HLDGS INC COM                                    | CUSIP: 13765Y509<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   4027595 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CANNABIST CO HLDGS INC                             | Cannabist Co Holdings Inc/The                                 | CUSIP: 13766HAA7<br>LEI: 9845007B45659F4F4F75 | Long             | DBT              | CORP              | CA        |  17087000 | PA      | $9312415.00   | 0.63%             | 2028-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| Container Store Inc. Super Sr. Loan                | Container Store Inc. Super Sr. Loan                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4597039 | PA      | $4597039.29   | 0.31%             | 2029-04-30      | Floating      | 10.65%                | No            |                  3 | On Loan: No      |
| Euronet Worldwide Inc                              | Euronet Worldwide Inc                                         | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |      4657 | NS      | $354444.27    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| HAWAIIAN AIRLINES 13-1A                            | Hawaiian Airlines 2013-1 Class A Pass Through Certificates    | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  21687550 | PA      | $21666328.52  | 1.45%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SS&C TECHNOLOGIES INC                              | SS&C Technologies Inc                                         | CUSIP: 78466CAC0<br>LEI: 549300KY09TR3J12JU49 | Long             | DBT              | CORP              | US        |  29785000 | PA      | $29830690.19  | 2.00%             | 2027-09-30      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                                         | VMware LLC                                                    | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   4061000 | PA      | $4002205.17   | 0.27%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| Crane Harbor Acquisition Corp                      | Crane Harbor Acquisition Corp II                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    250000 | NS      | $2516250.00   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| OP HOLDCO GMBH                                     | OP Holdco GmbH                                                | CUSIP: YT1078450<br>LEI: 391200EJZNGLOEMJB140 | Long             | DBT              | CORP              | DE        |  16900000 | PA      | $18768509.38  | 1.26%             | 2029-06-05      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| EURO ENTMT INTRESSENTER                            | European Entertainment Intressenter BidCo AB/Sweden           | CUSIP: YK1433498<br>LEI: 549300A3OF2TBEL6BF72 | Long             | DBT              | CORP              | SE        |  17700000 | PA      | $20098981.10  | 1.35%             | 2030-09-29      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| CABONLINE GROUP HOLD                               | Cabonline Group Holding AB                                    | CUSIP: ZH5209213<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |  77770274 | PA      | $8060388.61   | 0.54%             | 2028-03-19      | None          | 12.00%                | No            |                  2 | On Loan: No      |
| IMPERIAL BRANDS FIN PLC                            | Imperial Brands Finance PLC                                   | CUSIP: 45262EAL1<br>LEI: 2138008L3B3MCG1DFS50 | Long             | STIV             | CORP              | GB        |  17086000 | PA      | $17049186.50  | 1.14%             | 2026-01-20      | 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        |     36943 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAFLY HOLDINGS INC                                | Leafly Holdings Inc                                           | CUSIP: 58953MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   5982000 | PA      | $5084700.00   | 0.34%             | 2026-01-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| NEW ENTERPRISE STONE & L                           | New Enterprise Stone & Lime Co Inc                            | CUSIP: 644274AG7<br>LEI: 549300O5DQ5Y61B8VF38 | Long             | DBT              | CORP              | US        |   2566000 | PA      | $2599024.42   | 0.17%             | 2028-07-15      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| Mercer Park Opportunities Corp                     | Mercer Park Opportunities Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |   1725300 | NS      | $18115650.00  | 1.22%             |  |  |  | No            |                  2 | On Loan: No      |
| MAGNITE INC                                        | Magnite Inc                                                   | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |   8952764 | PA      | $8954644.42   | 0.60%             | 2031-02-06      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| Marelli T/L (6/25)                                 | Marelli T/L (6/25)                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7190400 | PA      | $7376128.03   | 0.50%             | 2026-03-13      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| Container Store Rolled Up First Out Loan           | Container Store Rolled Up First Out Loan                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   3753643 | PA      | $3190596.31   | 0.21%             | 2029-04-30      | Floating      | 5.36%                 | No            |                  3 | On Loan: No      |
| DROPBOX INC                                        | Dropbox Inc                                                   | CUSIP: 26210CAC8<br>LEI: 549300JCDF7UAR6TJR51 | Long             | DBT              | CORP              | US        |   2563000 | PA      | $2545059.00   | 0.17%             | 2026-03-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FAIR ISAAC CORP                                    | Fair Isaac Corp                                               | CUSIP: 303250AE4<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | DBT              | CORP              | US        |  11350000 | PA      | $11373132.78  | 0.76%             | 2026-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obliga                     | First American Treasury Obligations Fund                      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  77511857 | NS      | $77511857.09  | 5.20%             |  |  |  | No            |                  1 | On Loan: No      |
| D Boral ARC Acquisition I Corp                     | D Boral ARC Acquisition I Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $2006000.00   | 0.13%             |  |  |  | No            |                  1 | On Loan: No      |
| BX Trust                                           | BX Trust 2025-LUNR                                            | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  16590745 | PA      | $16635526.52  | 1.12%             | 2040-06-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AP8<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |  11621000 | PA      | $10967436.47  | 0.74%             | 2028-03-01      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                     | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3494963 | PA      | $3495170.36   | 0.23%             | 2038-04-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                              | Nabors Industries Ltd                                         | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |  22599000 | PA      | $22609553.73  | 1.52%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| OAKTREE STRATEGIC CREDIT                           | Oaktree Strategic Credit Fund                                 | CUSIP: 67403AAF6<br>LEI: 2549006RRE0JC7G43241 | Long             | DBT              | CORP              | US        |   5822000 | PA      | $5867703.52   | 0.39%             | 2030-07-15      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| RAM LLC                                            | RAM 2025-1 LLC                                                | CUSIP: 748950AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   7745853 | PA      | $7788630.06   | 0.52%             | 2040-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB                                 | Novedo Holding AB                                             | CUSIP: YV5581777<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |  56250000 | PA      | $5715035.80   | 0.38%             | 2027-09-23      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| Emmis Acquisition Corp                             | Emmis Acquisition Corp                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    175000 | NS      | $1744750.00   | 0.12%             |  |  |  | No            |                  2 | On Loan: No      |
| Harvard Ave Acquisition Corp                       | Harvard Ave Acquisition Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KR        |    415000 | NS      | $4154150.00   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| KANDN PARENT INC PRIORITY EXIT FACILITY S+800 2/3/ | KANDN PARENT INC PRIORITY EXIT FACILITY S+800 2/3/            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  11851509 | PA      | $11792251.61  | 0.79%             | 2027-02-03      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZM6862225<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |  14445312 | PA      | $0.00         | 0.00%             | 2027-02-09      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    197442 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| ALLTUB GROUP SAS                                   | Alltub Group SAS                                              | CUSIP: YJ4663235<br>LEI: 6367000ADQ65VWM8QH87 | Long             | DBT              | CORP              | FR        |   2443000 | PA      | $2914075.35   | 0.20%             | 2030-04-30      | Floating      | 8.50%                 | No            |                  2 | On Loan: No      |
| VERVE GROUP SE                                     | Verve Group SE                                                | CUSIP: YR9250543<br>LEI: 391200UIIWMXRLGARB95 | Long             | DBT              | CORP              | SE        |  11312000 | PA      | $12712240.87  | 0.85%             | 2029-04-01      | Floating      | 6.02%                 | No            |                  2 | On Loan: No      |
| ABBVIE INC                                         | AbbVie Inc                                                    | CUSIP: 00287YBV0<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | DBT              | CORP              | US        |   8400000 | PA      | $8337465.78   | 0.56%             | 2026-11-21      | Fixed         | 2.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-KING                        | CUSIP: 05612RAC3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2674787 | PA      | $2679997.96   | 0.18%             | 2034-05-15      | Floating      | 5.49%                 | No            |                  2 | On Loan: No      |
| Cannabist Co Holdings Inc/The                      | Cannabist Co Holdings Inc/The                                 | CUSIP: 13765Y103<br>LEI: 9845007B45659F4F4F75 | Long             | EC               | CORP              | US        |   4027595 | NS      | $237225.35    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| EURONET WORLDWIDE INC                              | Euronet Worldwide Inc                                         | CUSIP: 298736AM1<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |  11079000 | PA      | $10130360.63  | 0.68%             | 2030-10-01      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                | Go Daddy Operating Co LLC / GD Finance Co Inc                 | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  17644000 | PA      | $17703266.20  | 1.19%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Apex Treasury Corp                                 | Apex Treasury Corp                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1507500.00   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Cantor Equity Partners I Inc                       | Cantor Equity Partners I Inc                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    366457 | NS      | $3818481.94   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Columbus Acquisition Corp                          | Columbus Acquisition Corp                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    118214 | NS      | $1223514.90   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Daedalus Special Acquisition C                     | Daedalus Special Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     80000 | NS      | $804000.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| General Purpose Acquisition Co                     | General Purpose Acquisition Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1001000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| AIDER KONSERN AS                                   | Aider Konsern AS                                              | CUSIP: YV2565815<br>LEI: 636700LSENLHRA6AJM05 | Long             | DBT              | CORP              | NO        |  26550000 | PA      | $2670145.09   | 0.18%             | 2028-09-05      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: YX9284390<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |  39553628 | PA      | $0.00         | 0.00%             | 2050-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| ALASKA AIRLINES 2020 TR                            | Alaska Airlines 2020-1 Class A Pass Through Trust             | CUSIP: 01166VAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1120652 | PA      | $1128026.56   | 0.08%             | 2027-08-15      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust                     | ARES1 2024-IND2                                               | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6615000 | PA      | $6627207.32   | 0.44%             | 2034-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                           | Charles River Laboratories International Inc                  | CUSIP: 159864AE7<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   8397000 | PA      | $8327508.86   | 0.56%             | 2028-05-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORP                                       | Bally's Corp                                                  | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |  35764524 | PA      | $35327660.10  | 2.37%             | 2028-10-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                  | Crown Castle Inc                                              | CUSIP: 22823QAL5<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  20972000 | PA      | $20923248.49  | 1.40%             | 2026-01-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DANA INC                                           | Dana Inc                                                      | CUSIP: 235825AF3<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |   3867000 | PA      | $3863040.97   | 0.26%             | 2027-11-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| DANA INC                                           | Dana Inc                                                      | CUSIP: 235825AG1<br>LEI: KVWHW7YLZPFJM8QYNJ51 | Long             | DBT              | CORP              | US        |  16033000 | PA      | $16017228.34  | 1.08%             | 2028-06-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB 0% BDS PERP USD1                 | GO NORTH GROUP AB 0% BDS PERP USD1                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    470994 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| INTL FLAVORS & FRAGRANCE                           | International Flavors & Fragrances Inc                        | CUSIP: 4595A3AP2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |  24084000 | PA      | $24024734.09  | 1.61%             | 2026-01-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Lyra MUSIC Assets (Delaware) L                     | Lyra Music Assets Delaware LP                                 | CUSIP: 552339AD5<br>LEI: 9845007N9EAB0C048A12 | Long             | ABS-O            | CORP              | US        |   8114117 | PA      | $8191479.90   | 0.55%             | 2065-09-20      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES                     | New York State Dormitory Authority                            | CUSIP: 649907JJ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2005000 | PA      | $2005000.00   | 0.13%             | 2035-05-01      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                                          | ONEOK Inc                                                     | CUSIP: 682680CB7<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |  13261000 | PA      | $13314742.19  | 0.89%             | 2027-09-24      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                   | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  21930000 | PA      | $21755019.21  | 1.46%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CONTAINER STORE                                    | Container Store Inc/The                                       | CUSIP: 21075BAQ4<br>LEI: RU4H3CU9QRX4TIC35822 | Long             | LON              | CORP              | US        |    536348 | PA      | $107269.52    | 0.01%             | 2029-07-30      | Floating      | 9.26%                 | No            |                  3 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-2174354.95  | -0.15%            |  |  |  | No            |                  2 | On Loan: No      |
| Evolution Global Acquisition C                     | Evolution Global Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     75000 | NS      | $755250.00    | 0.05%             |  |  |  | No            |                  2 | On Loan: No      |
| GigCapital8 Corp                                   | GigCapital8 Corp                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    150000 | NS      | $1536000.00   | 0.10%             |  |  |  | No            |                  2 | On Loan: No      |
| Hall Chadwick Acquisition Corp                     | Hall Chadwick Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    125000 | NS      | $1253125.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Invest Green Acquisition Corp                      | Invest Green Acquisition Corp                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     75000 | NS      | $752250.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Leapfrog Acquisition Corp                          | Leapfrog Acquisition Corp                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     75000 | NS      | $750375.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'      | GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |   2950951 | PA      | $0.00         | 0.00%             | 2026-02-09      | Floating      | 12.93%                | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD5873868<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   7610942 | PA      | $2290893.54   | 0.15%             | 2026-02-09      | None          | 9.65%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS USD                  | GO NORTH GROUP AB 0% PERP BDS USD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    221321 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| AZERION GROUP NV                                   | Azerion Group N.V.                                            | CUSIP: YK0059815<br>LEI: 7245007RB3M5PMWY6N86 | Long             | DBT              | CORP              | NL        |  16800000 | PA      | $19200394.87  | 1.29%             | 2029-10-02      | Floating      | 7.53%                 | No            |                  2 | On Loan: No      |
| N/A                                                | NOK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-12946.49    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| BGC GROUP INC                                      | BGC Group Inc                                                 | CUSIP: 05555LAD3<br>LEI: 2549001IGRCG4F0RLD36 | Long             | DBT              | CORP              | US        |   6707000 | PA      | $6958787.89   | 0.47%             | 2030-04-02      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| DB Master Finance LLC                              | DB Master Finance LLC                                         | CUSIP: 233046AQ4<br>LEI: 549300F17UZJL70BPB08 | Long             | ABS-O            | CORP              | US        |   8814720 | PA      | $8357928.87   | 0.56%             | 2051-11-20      | Fixed         | 2.49%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |  17976000 | PA      | $16871371.20  | 1.13%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC                               | GrubHub Holdings Inc                                          | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  42905565 | PA      | $35139929.76  | 2.36%             | 2030-07-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                       | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |  16461000 | PA      | $16474190.03  | 1.11%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Hertz Vehicle Financing LLC                        | Hertz Vehicle Financing III LLC                               | CUSIP: 42806MCT4<br>LEI: 549300MNOMKDMDFI8J66 | Long             | ABS-O            | CORP              | US        |  10076000 | PA      | $10208451.04  | 0.69%             | 2029-09-25      | Fixed         | 4.91%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  19652000 | PA      | $19396950.45  | 1.30%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MICROCHIP TECHNOLOGY INC                           | Microchip Technology Inc                                      | CUSIP: 595017BL7<br>LEI: 5493007PTFULNYZJ1R12 | Long             | DBT              | CORP              | US        |  11462000 | PA      | $11706994.52  | 0.79%             | 2030-02-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                   | CUSIP: 68389XBN4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |  14524000 | PA      | $14220831.11  | 0.95%             | 2027-11-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING                      | Pennsylvania Economic Development Financing Authority         | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   2500000 | PA      | $2502002.50   | 0.17%             | 2041-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| PRIME SECSRVC BRW/FINANC                           | Prime Security Services Borrower LLC / Prime Finance Inc      | CUSIP: 74166MAC0<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1116000 | PA      | $1117593.92   | 0.08%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| SWK HOLDINGS CORP                                  | SWK Holdings Corp                                             | CUSIP: 78501P302<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    152467 | NS      | $3884859.16   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| STANLEY BLACK & DECKER I                           | Stanley Black & Decker Inc                                    | CUSIP: 854502AK7<br>LEI: 549300DJ09SMTO561131 | Long             | DBT              | CORP              | US        |  11287000 | PA      | $11270965.01  | 0.76%             | 2026-03-01      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC                                   | T-Mobile USA Inc                                              | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |  11179000 | PA      | $11153877.99  | 0.75%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                | United Airlines Inc                                           | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  11061000 | PA      | $11053819.20  | 0.74%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                               | Western Digital Corp                                          | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   5228000 | PA      | $5249487.08   | 0.35%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PLUM ACQUISITION CORP III                          | Plum Acquisition Corp III                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      9341 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% BDS PERP SEK1                 | GO NORTH GROUP AB 0% BDS PERP SEK1                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    482169 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MANGROVE LUXCO III                                 | Mangrove Luxco III Sarl                                       | CUSIP: YW1323297<br>LEI: 549300GLJSZN1PU7T586 | Long             | DBT              | CORP              | LU        |  20826000 | PA      | $24527305.82  | 1.65%             | 2029-07-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| GENTOO MEDIA PLC                                   | Gentoo Media PLC                                              | CUSIP: ZG3808570<br>LEI: 213800UCC6GA967UCS06 | Long             | DBT              | CORP              | MT        |   3310000 | PA      | $3898109.93   | 0.26%             | 2026-12-18      | Floating      | 9.31%                 | No            |                  2 | On Loan: No      |
| McKinley Acquisition Corp                          | McKinley Acquisition Corp                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    123355 | NS      | $1243418.40   | 0.08%             |  |  |  | No            |                  2 | On Loan: No      |
| Miluna Acquisition Corp                            | Miluna Acquisition Corp                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | TW        |     75000 | NS      | $749250.00    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Quartzsea Acquisition Corp                         | Quartzsea Acquisition Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    140189 | NS      | $1436937.25   | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Safeguard Acquisition Corp                         | Safeguard Acquisition Corp                                    | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     32607 | NS      | $328841.60    | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Spring Valley Acquisition Corp                     | Spring Valley Acquisition Corp III                            | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    115000 | NS      | $1167250.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Westin Acquisition Corp                            | Westin Acquisition Corp                                       | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | SG        |    125000 | NS      | $1255000.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVATE TEXTILES INC                               | Elevate Textiles Inc                                          | CUSIP: 28622DAD2<br>LEI: M4ZRS7E9USM0DKM0N876 | Long             | LON              | CORP              | US        |   8607865 | PA      | $8658995.72   | 0.58%             | 2027-09-30      | Floating      | 12.79%                | No            |                  2 | On Loan: No      |
| TOSCA SERVICES LLC                                 | Tosca Services LLC                                            | CUSIP: 89148PAK6<br>LEI: 5493005QOAEK5WNBJW47 | Long             | LON              | CORP              | US        |   3039082 | PA      | $3087525.14   | 0.21%             | 2028-11-30      | Floating      | 9.42%                 | No            |                  2 | On Loan: No      |
| IMPALA GROUP PLC                                   | Impala BondCo PLC                                             | CUSIP: BR8492349<br>LEI: 549300H2NW5AUSWVQK84 | Long             | DBT              | CORP              | GB        |  14313023 | PA      | $979438.93    | 0.07%             | 2027-10-30      | None          | 12.00%                | No            |                  2 | On Loan: No      |
| TWMA FINANCE AS                                    | Twma Finance AS                                               | CUSIP: ZF3988861<br>LEI: 894500BICEAQTNG2A469 | Long             | DBT              | CORP              | NO        |   3369000 | PA      | $3435006.46   | 0.23%             | 2027-02-08      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| NEPTUNE BIDCO AS                                   | Neptune Bidco AS                                              | CUSIP: YX5577250<br>LEI: 894500UKQX0AV0XVNV14 | Long             | DBT              | CORP              | NO        |  55000000 | PA      | $3592096.38   | 0.24%             | 2028-06-28      | Floating      | 10.82%                | No            |                  2 | On Loan: No      |
| VIEW LEDGER AS                                     | View Ledger AS                                                | CUSIP: YS5972734<br>LEI: 9845001DABA64B69D332 | Long             | DBT              | CORP              | NO        |   9500000 | PA      | $963780.00    | 0.06%             | 2029-01-31      | Floating      | 8.73%                 | No            |                  2 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    188328 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS SEK                  | GO NORTH GROUP AB 0% PERP BDS SEK                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |   1083398 | PA      | $0.00         | 0.00%             | 2027-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS SEK                  | GO NORTH GROUP AB 0% PERP BDS SEK                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    441352 | PA      | $0.00         | 0.00%             | 2028-02-02      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS USD                  | GO NORTH GROUP AB 0% PERP BDS USD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    200815 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| Prosomnus Equity                                   | Prosomnus Equity                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    996799 | NS      | $996799.00    | 0.07%             |  |  |  | No            |                  3 | On Loan: No      |
| OREXO AB                                           | Orexo AB                                                      | CUSIP: ZD5840446<br>LEI: 549300LJ5CCWDPTK9Z08 | Long             | DBT              | CORP              | SE        |  43750000 | PA      | $4918400.04   | 0.33%             | 2028-03-28      | Floating      | 8.35%                 | No            |                  2 | On Loan: No      |
| NEO BIDCO AB                                       | Goldcup 100865 AB                                             | CUSIP: YX9531501<br>LEI: 6367006K4VQQGJD8Q028 | Long             | DBT              | CORP              | SE        |   6250000 | PA      | $697537.07    | 0.05%             | 2028-07-11      | Floating      | 7.40%                 | No            |                  2 | On Loan: No      |
| QFLOW GROUP AB                                     | Qflow Group AB                                                | CUSIP: YV5350181<br>LEI: 6367009B048PH0858627 | Long             | DBT              | CORP              | SE        |  27500000 | PA      | $3042317.25   | 0.20%             | 2028-09-25      | Floating      | 7.35%                 | No            |                  2 | On Loan: No      |
| N/A                                                | SEK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1576808.83  | -0.11%            |  |  |  | No            |                  2 | On Loan: No      |
| First American Government Obli                     | First American Government Obligations Fund                    | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3026151 | NS      | $3026150.67   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| CHEMOURS CO                                        | Chemours Co/The                                               | CUSIP: 163851AH1<br>LEI: 549300M1BOLNXL8DOV14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1810305.20   | 0.12%             | 2029-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| DGWD Trust                                         | DGWD Trust 2025-INFL                                          | CUSIP: 23347FAC4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2180000 | PA      | $2184882.55   | 0.15%             | 2035-08-15      | Floating      | 5.55%                 | No            |                  2 | On Loan: No      |
| Crown Reserve Acquisition Corp                     | Crown Reserve Acquisition Corp I                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    555665 | NS      | $5523310.10   | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS FINL CO                             | General Motors Financial Co Inc                               | CUSIP: 37045XDD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6720000 | PA      | $6716758.20   | 0.45%             | 2026-01-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| RAM LLC                                            | RAM 2024-1 LLC                                                | CUSIP: 751313AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1583418 | PA      | $1583885.18   | 0.11%             | 2039-02-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| MUTARES SE & CO                                    | Mutares SE & Co KGaA                                          | CUSIP: ZL6690784<br>LEI: 391200NWMO6NLQFSCU64 | Long             | DBT              | CORP              | DE        |   2000000 | PA      | $2401589.22   | 0.16%             | 2027-03-31      | Floating      | 10.52%                | No            |                  2 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $1671.40      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| NMP Acquisition Corp                               | NMP Acquisition Corp                                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    468500 | NS      | $4694370.00   | 0.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Solarius Capital Acquisition C                     | Solarius Capital Acquisition Corp                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    100000 | NS      | $1027000.00   | 0.07%             |  |  |  | No            |                  2 | On Loan: No      |
| MAGLE CHEMOSWED HOLD                               | Magle Chemoswed Holding AB                                    | CUSIP: YN4178466<br>LEI: 549300FNJZS6NGFB6M31 | Long             | DBT              | CORP              | SE        | 117500000 | PA      | $12443653.94  | 0.84%             | 2028-07-04      | Floating      | 8.37%                 | No            |                  2 | On Loan: No      |
| Alterna Funding LLC                                | Alterna Funding III LLC                                       | CUSIP: 02157JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1750132 | PA      | $1754872.80   | 0.12%             | 2039-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| Coinstar Funding, LLC                              | Coinstar Funding LLC Series 2017-1                            | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |  21009315 | PA      | $24034656.36  | 1.61%             | 2047-04-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| DGWD Trust                                         | DGWD Trust 2025-INFL                                          | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8067000 | PA      | $8106635.59   | 0.54%             | 2035-08-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| GENUINE PARTS CO                                   | Genuine Parts Co                                              | CUSIP: 37255GAC2<br>LEI: 549300D46DQVEU651W04 | Long             | STIV             | CORP              | US        |  29901000 | PA      | $29860481.15  | 2.00%             | 2026-01-12      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| GILEAD SCIENCES INC                                | Gilead Sciences Inc                                           | CUSIP: 375558BF9<br>LEI: 549300WTZWR07K8MNV44 | Long             | DBT              | CORP              | US        |   8847000 | PA      | $8843666.36   | 0.59%             | 2026-03-01      | Fixed         | 3.65%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                          | Jabil Inc                                                     | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |  10567000 | PA      | $10495063.46  | 0.70%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| JABIL INC                                          | Jabil Inc                                                     | CUSIP: 46652MA70<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |  23072000 | PA      | $23052349.58  | 1.55%             | 2026-01-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                               | Keurig Dr Pepper Inc                                          | CUSIP: 49271KAG9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  23860000 | PA      | $23819831.69  | 1.60%             | 2026-01-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                                     | TD SYNNEX Corp                                                | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   6667000 | PA      | $6569688.20   | 0.44%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| Activate Energy Acquisition Co                     | Activate Energy Acquisition Corp                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | KY        |    100000 | NS      | $1000000.00   | 0.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Kochav Defense Acquisition Cor                     | Kochav Defense Acquisition Corp                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    275000 | NS      | $2788500.00   | 0.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Charlton Aria Acquisition Corp                     | Charlton Aria Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    115000 | NS      | $1205200.00   | 0.08%             |  |  |  | No            |                  1 | On Loan: No      |
| TERRIER MEDIA BUYER INC                            | CMG Media Corp                                                | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  46370748 | PA      | $43412294.17  | 2.91%             | 2029-06-18      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| CHICAGO ATLANTIC REAL ES                           | Chicago Atlantic Real Estate Finance Inc                      | CUSIP: 16723TAA6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  25349000 | PA      | $25222255.00  | 1.69%             | 2028-10-18      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| Marelli 6/25 Delayed/Draw                          | Marelli 6/25 Delayed/Draw                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   4793600 | PA      | $4917418.69   | 0.33%             | 2026-03-13      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| BOOSTER PRECISION COMPON                           | Booster Precision Components GmbH                             | CUSIP: ZN5041423<br>LEI: 213800B5BEW3DGUVHO57 | Long             | DBT              | CORP              | DE        |   1764112 | PA      | $2093913.79   | 0.14%             | 2026-11-28      | Floating      | 11.07%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD4139261<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   5884691 | PA      | $0.00         | 0.00%             | 2028-02-02      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| HAWK INFINITY SOFTWARE                             | Hawk Infinity Software AS                                     | CUSIP: YU0717220<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |  71900000 | PA      | $6831569.94   | 0.46%             | 2029-10-15      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| FORMYCON AG                                        | Formycon AG                                                   | CUSIP: YN7703302<br>LEI: 39120005TZ76GQOY8Z19 | Long             | DBT              | CORP              | DE        |  12188000 | PA      | $13678771.21  | 0.92%             | 2029-07-09      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    193550 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| CABONLINE GROUP HOLD                               | Cabonline Group Holding AB                                    | CUSIP: ZH5206474<br>LEI: 549300PB67LZ38PTO750 | Long             | DBT              | CORP              | SE        |  21879529 | PA      | $2254733.41   | 0.15%             | 2028-03-19      | None          | 10.00%                | No            |                  2 | On Loan: No      |
| FABLE MEDIA GROUP AB                               | Fable Media Group AB                                          | CUSIP: DA3422072<br>LEI: 549300L39DAQ4PEVZX44 | Long             | DBT              | CORP              | SE        |  37310740 | PA      | $4032388.67   | 0.27%             | 2028-11-11      | Fixed         | 9.00%                 | No            |                  2 | On Loan: No      |
| TCSHO                                              | TCSHO                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    252306 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| FORUM ENERGY TECHNOLOGIE                           | Forum Energy Technologies Inc                                 | CUSIP: YU7565416<br>LEI: 549300SF93HLCR1REE27 | Long             | DBT              | CORP              | US        |  17250000 | PA      | $17853750.00  | 1.20%             | 2029-11-07      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2024-KING                        | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |  12296124 | PA      | $12310747.64  | 0.83%             | 2034-05-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                           | Compass Group Diversified Holdings LLC                        | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |  40566062 | PA      | $37661009.88  | 2.53%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GCI LLC                                            | GCI LLC                                                       | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |  20442000 | PA      | $19950658.13  | 1.34%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GEN DIGITAL INC                                    | Gen Digital Inc                                               | CUSIP: 668771AK4<br>LEI: YF6ZV0M6AU4FY94MK914 | Long             | DBT              | CORP              | US        |  14573000 | PA      | $14800703.13  | 0.99%             | 2027-09-30      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| XPO INC                                            | XPO Inc                                                       | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |  16727000 | PA      | $17085827.60  | 1.15%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Blueport Acquisition Ltd                           | Blueport Acquisition Ltd                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     92000 | NS      | $925060.00    | 0.06%             |  |  |  | No            |                  2 | On Loan: No      |
| Vine Hill Capital Investment C                     | Vine Hill Capital Investment Corp II                          | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    200000 | NS      | $2006000.00   | 0.13%             |  |  |  | No            |                  2 | On Loan: No      |
| GENTOO MEDIA PLC                                   | Gentoo Media PLC                                              | CUSIP: ZG5462731<br>LEI: 213800UCC6GA967UCS06 | Long             | DBT              | CORP              | MT        |  28175000 | PA      | $3056512.38   | 0.21%             | 2026-12-18      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| BORAS V-TYGET 1 AB                                 | Boras V-tyget 1 AB                                            | CUSIP: YU6065111<br>LEI: 549300JFRI5IT5B0OX52 | Long             | DBT              | CORP              | SE        | 165900000 | PA      | $18380274.81  | 1.23%             | 2027-04-29      | Floating      | 7.70%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-01-21

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer