# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0001145549-23-017281
**Filing Date:** 2023-3
**Character Count:** 31136
**Document Hash:** c8729e5df24b19feb327ac14ab62b2a2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-017281.hdr.sgml**: 20230322

**ACCESSION NUMBER**: 0001145549-23-017281

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20230131

**FILED AS OF DATE**: 20230322

**DATE AS OF CHANGE**: 20230322

**PERIOD START**: 20230430

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 23751964

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

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

## Series and Classes Contracts Data

### Nuance Mid Cap Value Fund (Series ID: S000043170)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000133589 | Institutional Class | NMVLX           |
| C000133590 | Investor Class      | NMAVX           |
| C000186164 | Z Class Shares      | NMVZX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Nuance Mid Cap Value Fund** | | |
| **Schedule of Investments** | | |
| **January 31, 2023 (Unaudited)** | | |
|  |<br><br>**Shares** |<br><br>**Value** |
| **COMMON STOCKS - 84.8%** | | |
| **Consumer Staples - 14.6%** | | |
| Beiersdorf AG - ADR | 1708615 | $41468086 |
| Brown-Forman Corp. - Class B | 115936 | 7719019 |
| Calavo Growers, Inc. | 770473 | 24693660 |
| Cal-Maine Foods, Inc. | 279371 | 15985609 |
| Clorox Co. | 884018 | 127908564 |
| Henkel AG & Co. KGaA - ADR | 4344350 | 72159653 |
| Kimberly-Clark Corp. | 1293356 | 168149214 |
| Mission Produce, Inc. \* | 1284926 | 16010178 |
|  |  | 474093983 |
| **Financials - 15.2%** |  |  |
| Chubb Ltd. | 210201 | 47818626 |
| Everest Re Group, Ltd. | 69073 | 24154137 |
| Hartford Financial Services Group Inc. | 202156 | 15689327 |
| Independent Bank Corp. | 319174 | 25434976 |
| Northern Trust Corp. | 1564740 | 151732838 |
| Reinsurance Group of America, Inc. | 374320 | 56810546 |
| TowneBank | 1035483 | 31551167 |
| Travelers Companies, Inc. | 649485 | 124129573 |
| UMB Financial Corp. | 102192 | 9216697 |
| Valley National Bancorp | 711146 | 8448414 |
|  |  | 494986301 |
| **Healthcare - 21.4%** |  |  |
| Baxter International, Inc. | 729752 | 33342369 |
| Dentsply Sirona, Inc. | 6088169 | 224227264 |
| Globus Medical, Inc. - Class A \* | 105959 | 7999905 |
| ICU Medical, Inc. \* | 435875 | 84224126 |
| Merit Medical Systems, Inc. \* | 114928 | 8200113 |
| NuVasive, Inc. \* | 162274 | 7399694 |
| Smith & Nephew - ADR | 5726038 | 159183856 |
| Universal Health Services, Inc. - Class B | 768775 | 113940143 |
| Zimmer Biomet Holdings, Inc. | 448546 | 57117848 |
|  |  | 695635318 |
| **Industrials - 13.5%** |  |  |
| 3M Co. | 1274787 | 146702488 |
| Aerojet Rocketdyne Holdings, Inc. \* | 1404016 | 78512575 |
| Graco Inc. | 458066 | 31295069 |
| Knorr-Bremse AG | 4000334 | 65125437 |
| Lindsay Corp. | 63535 | 9950852 |
| Mueller Water Products, Inc.- Class A | 7033038 | 88967931 |
| Werner Enterprises, Inc. | 372232 | 17483737 |
|  |  | 438038089 |
| **Information Technology - 3.1%** |  |  |
| Amphenol Corp. - Class A | 809648 | 64585621 |
| Applied Materials, Inc. | 224769 | 25059496 |
| Lam Research Corp. | 18082 | 9042808 |
|  |  | 98687925 |
| **Materials - 3.0%** |  |  |
| AptarGroup, Inc. | 490098 | 56674933 |
| DuPont de Nemours, Inc. | 115556 | 8545366 |
| Ecolab Inc. | 211180 | 32696999 |
|  |  | 97917298 |
| **Real Estate - 7.3%** |  |  |
| Equity Commonwealth | 2837817 | 72421090 |
| Healthcare Realty Trust, Inc. | 5749620 | 123789319 |
| Healthpeak Properties, Inc. | 1473394 | 40488867 |
|  |  | 236699276 |
| **Utilities - 6.7%** |  |  |
| American Water Works Co., Inc. | 202206 | 31643217 |
| Avista Corp. | 899173 | 35877003 |
| California Water Service Group | 498063 | 30466514 |
| Essential Utilities, Inc. | 163853 | 7656851 |
| Pennon Group PLC | 329897 | 7370295 |
| Portland General Electric Co. | 782589 | 37235584 |
| SJW Group | 754833 | 58431622 |
| United Utilities Group PLC - ADR | 312380 | 8118756 |
|  |  | 216799842 |
| **TOTAL COMMON STOCK** |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;(Cost $2,632,863,259)** |  | 2752858032 |
| **PREFERRED STOCKS - 8.7%** |  |  |
| **Consumer Staples - 3.4%** |  |  |
| Henkel AG & Co KGaA | 6168249 | 110010721 |
| **Financials - 5.3%** |  |  |
| MetLife, Inc., Series E, 5.625% (Call 06/15/2023 @ $25.00) | 1494210 | 37444903 |
| MetLife, Inc., Series F, 4.750% (Call 03/15/2025 @ $25.00) | 1902655 | 43703985 |
| Hartford Financial Services Group Inc., 6.000% (Call 02/15/2032 @ $25.00) | 141964 | 3655573 |
| US Bancorp, 4.0000% | 625067 | 11988785 |
| US Bancorp, Series B, 3.500% (Call 4/17/2023 @ $25.00) | 3682180 | 75116472 |
|  |  | 171909718 |
| **TOTAL PREFERRED STOCK** |  | 281920439 |
| **&nbsp;&nbsp;&nbsp;&nbsp;(Cost $280,988,772)** |  |  |
| **SHORT-TERM INVESTMENT - 6.4%** |  |  |
| First American Government Obligations Fund, Class X, 4.14%^ |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;(Cost $207,771,521)** | 207771521 | 207771521 |
| **Total Investments - 99.9%** |  |  |
| **&nbsp;&nbsp;&nbsp;&nbsp;(Cost $3,121,623,552)** |  | **3242549992** |
| **Other Assets and Liabilities, Net - 0.1%** |  | **2328691** |
| **Total Net Assets - 100.0%** |  | $**3244878683** |

---

---

| | |
|:---|:---|
| ADR <br>| - American Depositary Receipt |
| \* <br>| Non-income producing security |
| ^ <br>| The rate shown is the annualized seven day effective yield as of January 31, 2023. |
| **Summary of Fair Value Exposure** | **Summary of Fair Value Exposure** |
| The Fund has adopted authoritative fair value accounting standards which establish an authoritative 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 in 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 Fund has adopted authoritative fair value accounting standards which establish an authoritative 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 in 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: |
| Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. | 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 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 would be based on the best information available. | 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 would be based on the best information available. |
| The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. | The inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities. |
| The following is a summary of the inputs used to value the Fund's securities as of January 31, 2023: | The following is a summary of the inputs used to value the Fund's securities as of January 31, 2023: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | Level 1 | Level 2 | Level 3 | Total |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Common Stocks | $2752858032 | $- | $- | $2752858032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Preferred Stocks | 281920439 | - | - | 281920439 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Short-Term Investment | 207771521 | - | - | 207771521 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Investments | $3242549992 | $- | $- | $3242549992 |
| Refer to the Schedule of Investments for further information on the classification of investments. |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Portfolio Series

- **b. Investment Company Act file number:** 811-22525

- **c. CIK number of Registrant:** 0001511699

- **d. LEI of Registrant:** 254900SQ3GG01NP4WM65

- **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:** 414-516-1712

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

- **a. Name of Series:** Nuance Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000043170

- **c. LEI of Series:** 5493002L3FXU6FPRNY43

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

- **a. Date of fiscal year-end:** 2023-04-30

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $3255541397.43

**Total Liabilities:** $12834002.52

**Net Assets:** $3242707394.91

**Cash Not Reported:** $904235.10

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133589 | 5.78%                | -1.94%               | 4.57%                |
| Class ID C000133590 | 5.77%                | -2.02%               | 4.56%                |
| Class ID C000186164 | 5.76%                | -1.93%               | 4.63%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-819833.87              | $182703842.80                              |
| Month 2  | $1220880.57              | $-70995089.45                              |
| Month 3  | $-37202808.69            | $179031475.65                              |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Avista Corp                    | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    899173 | NS      | $35877002.70  | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Baxter International Inc       | Baxter International Inc                   | CUSIP: 071813109<br>LEI: J5OIVXX3P24RJRW5CK77 | Long             | EC               | CORP              | US        |    729752 | NS      | $33342368.88  | 1.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                  | Beiersdorf AG                              | CUSIP: 07724U103<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |   1708615 | NS      | $41468086.05  | 1.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corp              | Brown-Forman Corp                          | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |    115936 | NS      | $7719018.88   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers Inc                         | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    770473 | NS      | $24693659.65  | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| ICU Medical Inc                | ICU Medical Inc                            | CUSIP: 44930G107<br>LEI: 5493003NRW7LS2QZRH60 | Long             | EC               | CORP              | US        |    435875 | NS      | $84224126.25  | 2.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |   1293356 | NS      | $168149213.56 | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                | Knorr-Bremse AG                            | CUSIP: 499180107<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |   4066253 | NS      | $66198598.84  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| SJW Group                      | SJW Group                                  | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    754833 | NS      | $58431622.53  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Towne Bank/Portsmouth VA       | Towne Bank/Portsmouth VA                   | CUSIP: 89214P109<br>LEI: 54930039UO39UJGI7078 | Long             | EC               | CORP              | US        |   1025541 | NS      | $31248234.27  | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |    649485 | NS      | $124129573.20 | 3.83%             |  |  |  | No            |                  1 | On Loan: No      |
| UMB Financial Corp             | UMB Financial Corp                         | CUSIP: 902788108<br>LEI: 549300MGEH3N3CUCV828 | Long             | EC               | CORP              | US        |    102192 | NS      | $9216696.48   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC     | United Utilities Group PLC                 | CUSIP: 91311E102<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |    312380 | NS      | $8118756.20   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Universal Health Services Inc  | Universal Health Services Inc              | CUSIP: 913903100<br>LEI: 549300YGMGQDO0NMJD09 | Long             | EC               | CORP              | US        |    768775 | NS      | $113940142.75 | 3.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Aerojet Rocketdyne Holdings In | Aerojet Rocketdyne Holdings Inc            | CUSIP: 007800105<br>LEI: 549300VULNLWHE8QWI76 | Long             | EC               | CORP              | US        |   1404016 | NS      | $78512574.72  | 2.42%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |    202206 | NS      | $31643216.94  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    498063 | NS      | $30466513.71  | 0.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |    884018 | NS      | $127908564.42 | 3.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp          | Independent Bank Corp                      | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |    304612 | NS      | $24274530.28  | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |   1564740 | NS      | $151732837.80 | 4.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    782589 | NS      | $37235584.62  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                              | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |    809648 | NS      | $64585620.96  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                      | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |    224769 | NS      | $25059495.81  | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                             | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |    490098 | NS      | $56674932.72  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Cal-Maine Foods Inc            | Cal-Maine Foods Inc                        | CUSIP: 128030202<br>LEI: 549300NHE5WMIEIEMF53 | Long             | EC               | CORP              | US        |    279371 | NS      | $15985608.62  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours Inc          | DuPont de Nemours Inc                      | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |    115556 | NS      | $8545366.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                 | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |    211180 | NS      | $32696999.40  | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth            | Equity Commonwealth                        | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |   2906814 | NS      | $74181893.28  | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities Inc        | Essential Utilities Inc                    | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |    163853 | NS      | $7656850.69   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        | 206867286 | NS      | $206867285.70 | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Globus Medical Inc             | Globus Medical Inc                         | CUSIP: 379577208<br>LEI: 5299003M2P4CIK0RF205 | Long             | EC               | CORP              | US        |    105959 | NS      | $7999904.50   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                  | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    458066 | NS      | $31295069.12  | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Hartford Financial Services Gr | Hartford Financial Services Group Inc/The  | CUSIP: 416515104<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EC               | CORP              | US        |    202156 | NS      | $15689327.16  | 0.48%             |  |  |  | No            |                  1 | On Loan: No      |
| HARTFORD FINL SVCS GRP         | Hartford Financial Services Group Inc/The  | CUSIP: 416518603<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | EP               | CORP              | US        |    141964 | NS      | $3655573.00   | 0.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthcare Realty Trust Inc    | Healthcare Realty Trust Inc                | CUSIP: 42226K105<br>LEI: 549300L0I14L7I0VLX84 | Long             | EC               | CORP              | US        |   5749620 | NS      | $123789318.60 | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: PZ9HF5U52KPF0MH0QN75 | Long             | EC               | CORP              | US        |   1473394 | NS      | $40488867.12  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: 42550U109<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |   4344350 | NS      | $72159653.50  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: 42550U208<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EP               | CORP              | DE        |   6168249 | NS      | $110010720.92 | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                   | Lindsay Corp                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     60268 | NS      | $9439174.16   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Merit Medical Systems Inc      | Merit Medical Systems Inc                  | CUSIP: 589889104<br>LEI: 549300OYTY138SP2CE83 | Long             | EC               | CORP              | US        |    114928 | NS      | $8200112.80   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc            | Mission Produce Inc                        | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |   1284926 | NS      | $16010177.96  | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Mueller Water Products Inc     | Mueller Water Products Inc                 | CUSIP: 624758108<br>LEI: 549300F7ZU4P1F8V8L60 | Long             | EC               | CORP              | US        |   7033038 | NS      | $88967930.70  | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NuVasive Inc                   | NuVasive Inc                               | CUSIP: 670704105<br>LEI: 549300C5ZB4NZ6TWM881 | Long             | EC               | CORP              | US        |    162274 | NS      | $7399694.40   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                           | CUSIP: 708326202<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |    329897 | NS      | $7370294.86   | 0.23%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA Inc            | DENTSPLY SIRONA Inc                        | CUSIP: 24906P109<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | EC               | CORP              | US        |   6088169 | NS      | $224227264.27 | 6.91%             |  |  |  | No            |                  1 | On Loan: No      |
| Lam Research Corp              | Lam Research Corp                          | CUSIP: 512807108<br>LEI: 549300I4GMO6D34U1T02 | Long             | EC               | CORP              | US        |     18082 | NS      | $9042808.20   | 0.28%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                    | MetLife Inc                                | CUSIP: 59156R850<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1902655 | NS      | $43703985.35  | 1.35%             |  |  |  | No            |                  1 | On Loan: No      |
| METLIFE INC                    | MetLife Inc                                | CUSIP: 59156R876<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EP               | CORP              | US        |   1494210 | NS      | $37444902.60  | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |    374320 | NS      | $56810546.40  | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Smith & Nephew PLC             | Smith & Nephew PLC                         | CUSIP: 83175M205<br>LEI: 213800ZTMDN8S67S1H61 | Long             | EC               | CORP              | GB        |   5726038 | NS      | $159183856.40 | 4.91%             |  |  |  | No            |                  1 | On Loan: No      |
| 3M Co                          | 3M Co                                      | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |   1274787 | NS      | $146702487.96 | 4.52%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                     | US Bancorp                                 | CUSIP: 902973155<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |   3682180 | NS      | $75116472.00  | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                     | US Bancorp                                 | CUSIP: 902973718<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EP               | CORP              | US        |    625067 | NS      | $11988785.06  | 0.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Valley National Bancorp        | Valley National Bancorp                    | CUSIP: 919794107<br>LEI: 549300ET52S1UBIB9762 | Long             | EC               | CORP              | US        |    711146 | NS      | $8448414.48   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    372232 | NS      | $17483737.04  | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Zimmer Biomet Holdings Inc     | Zimmer Biomet Holdings Inc                 | CUSIP: 98956P102<br>LEI: 2P2YLDVPES3BXQ1FRB91 | Long             | EC               | CORP              | US        |    448546 | NS      | $57117847.64  | 1.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Re Group Ltd           | Everest Re Group Ltd                       | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |     69073 | NS      | $24154137.37  | 0.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                                  | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |    210201 | NS      | $47818625.49  | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Managed Portfolio Series

**Title:** Treasurer