# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-23-000366
**Filing Date:** 2023-1
**Character Count:** 29700
**Document Hash:** 909503077ee0052049114f97115c4b2a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-000366.hdr.sgml**: 20230106

**ACCESSION NUMBER**: 0001145549-23-000366

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230106

**DATE AS OF CHANGE**: 20230106

**PERIOD START**: 20230228

**FILER**: 

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

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 23514069

**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

### Bright Rock Quality Large Cap Fund (Series ID: S000029036)

| Class ID   | Class Name                                                    | Ticker Symbol   |
|:---|:---|:---|
| C000089152 | Bright Rock Quality Large Cap Fund Institutional Class Shares | BQLCX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Bright Rock Quality Large Cap Fund** | | |
| **Schedule of Investments** | | |
| **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** |
|  | **Shares** | **Value** |
| **COMMON STOCKS - 87.88%** | | |
| **Banks - 4.75%** | | |
| JPMorgan Chase & Co. | 110000 | $15199800 |
| **Beverages - 3.48%** |  |  |
| PepsiCo, Inc. | 60000 | 11130600 |
| **Capital Markets - 5.24%** |  |  |
| BlackRock, Inc. | 10500 | 7518000 |
| Moody's Corp. | 11000 | 3280970 |
| T. Price Rowe Group, Inc. | 48000 | 5995680 |
|  |  | 16794650 |
| **Chemicals - 3.06%** |  |  |
| Ecolab, Inc. | 20500 | 3071515 |
| Linde PLC (a) | 20000 | 6729600 |
|  |  | 9801115 |
| **Commercial Services & Supplies - 2.20%** |  |  |
| Copart, Inc. (b) | 106000 | 7055360 |
| **Consumer Finance - 1.97%** |  |  |
| American Express Co. | 40000 | 6303600 |
| **Diversified Financial Services - 3.98%** |  |  |
| Berkshire Hathaway, Inc. (b) | 40000 | 12744000 |
| **Diversified Telecommunication - 1.20%** |  |  |
| Verizon Communications, Inc. | 99000 | 3859020 |
| **Electric Utilities - 1.06%** |  |  |
| NextEra Energy, Inc. | 40000 | 3388000 |
| **Food & Staples Retailing - 2.52%** |  |  |
| Walmart, Inc. | 53000 | 8078260 |
| **Health Care Providers & Services - 4.28%** |  |  |
| UnitedHealth Group, Inc. | 25000 | 13694000 |
| **Health Care Technology - 1.60%** |  |  |
| Veeva Systems, Inc. (b) | 27000 | 5139720 |
| **Household Products - 1.79%** |  |  |
| Colgate-Palmolive Co. | 74000 | 5733520 |
| **Insurance - 2.19%** |  |  |
| Chubb Ltd. (a) | 32000 | 7026880 |
| **Interactive Media & Services - 5.42%** |  |  |
| Alphabet, Inc. - Class A (b) | 90000 | 9089100 |
| Meta Platforms, Inc. (b) | 70000 | 8267000 |
|  |  | 17356100 |
| **IT Services - 7.73%** |  |  |
| Automatic Data Processing, Inc. | 33000 | 8716620 |
| Mastercard, Inc. - Class A | 45000 | 16038000 |
|  |  | 24754620 |
| **Life Sciences Tools & Services - 6.71%** |  |  |
| Danaher Corp. | 42000 | 11483220 |
| Thermo Fisher Scientific, Inc. | 9500 | 5322090 |
| West Pharmaceutical Services, Inc. | 20000 | 4693200 |
|  |  | 21498510 |
| **Machinery - 2.25%** |  |  |
| The Toro Co. | 65000 | 7214350 |
| **Multi-Utilities - 2.34%** |  |  |
| Sempra Energy | 45000 | 7478550 |
| **Oil, Gas & Consumable Fuels - 0.89%** |  |  |
| EOG Resources, Inc. | 20000 | 2838600 |
| **Pharmaceuticals - 3.85%** |  |  |
| Merck & Co, Inc. | 112000 | 12333440 |
| **Road & Rail - 2.27%** |  |  |
| Union Pacific Corp. | 33500 | 7283905 |
| **Semiconductors & Semiconductor - 2.25%** |  |  |
| Texas Instruments, Inc. | 40000 | 7218400 |
| **Software - 5.26%** |  |  |
| Microsoft Corp. | 66000 | 16839240 |
| **Specialty Retail - 7.47%** |  |  |
| O'Reilly Automotive, Inc. (b) | 8500 | 7348590 |
| The Home Depot, Inc. | 30000 | 9719700 |
| The TJX Companies, Inc. | 85547 | 6848038 |
|  |  | 23916328 |
| **Technology Hardware, Storage & Peripherals - 0.92%** |  |  |
| Apple, Inc. | 20000 | 2960600 |
| **Textiles, Apparel & Luxury Goods - 1.20%** |  |  |
| NIKE, Inc. - Class B | 35000 | 3839150 |
| TOTAL COMMON STOCKS (Cost $195,819,608) |  | 281480318 |
| **EXCHANGE TRADED FUNDS - 11.87%** |  |  |
| Industrial Select Sector SPDR Fund | 45224 | 4600185 |
| Invesco KBW Bank ETF | 40000 | 2239200 |
| iShares U.S. Energy ETF | 300000 | 14721000 |
| Technology Select Sector SPDR Fund | 80000 | 10876800 |
| Vanguard InformationTechnology ETF | 16000 | 5567040 |
| TOTAL EXCHANGE TRADED FUNDS (Cost $22,639,172) |  | 38004225 |
| **MONEY MARKET FUNDS - 0.40%** |  |  |
| Morgan Stanley Institutional Liquidity Funds - Government Portfolio, Institutional Class, 3.612% (c) | 1286024 | 1286024 |
| TOTAL MONEY MARKET FUNDS (Cost $1,286,024) |  | 1286024 |
| **Total Investments (Cost $219,744,804) - 100.15%** |  | **320770567** |
| **Liabilities in Excess of Other Assets - (0.15%)** |  | **(466151)** |
| **TOTAL NET ASSETS - 100.00%** |  | $**320304416** |

---

---

| | |
|:---|:---|
| (a) | Foreign issued security. |
| (b) | Non-income producing security. |
| (c) | Variable rate security; the rate shown represents the rate as of November 30, 2022. |
| Abbreviations: | Abbreviations: |
| PLC | Public Limited Company. |

---

---

| |
|:---|
| The Schedule of Investments incorporates the Global Industry Classification Standard (GICS<sup>®</sup>). GICS was developed |
| by and/or is the exclusive property of MSCI, Inc. and Standard & Poor's Financial Services LLC ("S&P"). GICS is a |
| service mark of MSCI and S&P and has been licensed for use by U.S. Bancorp Fund Services, LLC. |

---

------

---

| |
|:---|
| Significant Accounting Policies |
| The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of these |
| schedules of investments. These policies are in conformity with generally accepted accounting principles in the United States of |
| America ("GAAP"). |
| Investment Valuation |
| Each security owned by the Funds that is listed on a securities exchange is valued at its last sale price on that exchange on the date as |
| of which assets are valued. Debt securities are valued at the mean between the bid and ask prices provided by an approved independent |
| pricing service. Forward currency contracts are valued at the mean between the bid and asked prices by approved pricing service. |
| Commodities futures contracts and options thereon traded on commodities exchange or board of trade are valued at the last sale price |
| at the close of trading. Rights and warrants are valued at the last sale price at the close of the exchange on which the security is |
| primarily traded. |
| If the security is listed on more than one exchange, the Funds will use the price of the exchange that the Funds generally consider to be |
| the principal exchange on which the security is traded. Portfolio securities listed on the NASDAQ Stock Market, Inc. ("NASDAQ") |
| will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale |
| on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent bid and asked prices on |
| such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued. |
| The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges |
| and over-the-counter markets as published by a pricing service. |
| If market quotations are not readily available, a security or other asset will be valued at its fair value as determined under fair value |
| pricing procedures approved by the Board of Trustees. These fair value pricing procedures will also be used to price a security when |
| corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may |
| not reflect its actual fair market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are |
| accurately priced. The Board of Trustees will regularly evaluate whether the Funds' fair value pricing procedures continue to be |
| appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such |
| procedures by the Trust's valuation committee. |
| Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time the Fund |
| calculates its NAV, whichever is earlier. Foreign securities, currencies and other assets denominated in foreign currencies are then |
| translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as provided by an approved pricing service |
| or reporting agency. All assets denominated in foreign currencies will be converted into U.S. dollars using the applicable currency |
| exchange rates as of the close of the New York Stock Exchange ("NYSE"), generally 4:00 p.m. Eastern Time. |
| Debt securities, including short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with |
| prices supplied by an approved pricing service. Pricing services may use various valuation methodologies such as the mean between |
| the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If |
| a price is not available from a pricing service, the most recent quotation obtained from one or more broker-dealers know to follow |
| the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. Any discount or premium is accreted or |
| amortized using the constant yield method until maturity. |
| Money market funds, demand notes and repurchase agreements are valued at cost. If cost does not represent current market value the |
| securities will be priced at fair value. |
| Redeemable securities issued by open-end, registered investment companies are valued at the NAVs of such companies for purchase |
| and/or redemption orders placed on that day. All exchange-traded funds are valued at the last reported sale price on the exchange on |
| which the security is principally traded. |
| FASB Accounting Standards Codification, "Fair Value Measurement" Topic 820 ("ASC 820"), establishes an authoritative definition of |
| fair value and sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there |
| has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be |
| determinative of fair value and further analysis and adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced |
| disclosure regarding the inputs and valuation techniques used to measure fair value in those instances as well as expanded disclosure of |
| valuation levels for major security types. Fair Value Measurements requires the Funds to classify their securities based on valuation method. |
| These inputs are summarized in the three broad levels listed below: |
| Level 1 - Quoted prices in active markets for identical securities. |
| Level 2 - Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit |
| risk, etc.) |
| Level 3 - Significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments.) |
| The inputs or methodology used for valuing securities are not necessarily an indication of risk associated with investing in those securities. The |
| following is a summary of the inputs used to value the Funds' investments carried at fair value as of November 30, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Bright Rock Quality Large Cap Fund** | **Bright Rock Quality Large Cap Fund** | **Bright Rock Quality Large Cap Fund** | **Bright Rock Quality Large Cap Fund** | **Bright Rock Quality Large Cap Fund** |
|  | Level 1 | Level 2 | Level 3 | Total |
| **Equity** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks\* | $281480318 | $- | $- | $281480318 |
| &nbsp;&nbsp;&nbsp; Exchange Traded Funds | 38004225 | - | - | 38004225 |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 1286024 | - | - | 1286024 |
| **Total Investments in Securities** | $320770567 | $- | $- | $320770567 |
| \* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments. | \* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments. | \* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments. | \* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments. | \* For further breakdown of common stocks by industry type, please refer to the Schedule of Investments. |
| The Funds did not hold financial derivative instruments during the period presented. | The Funds did not hold financial derivative instruments during the period presented. | The Funds did not hold financial derivative instruments during the period presented. | The Funds did not hold financial derivative instruments during the period presented. | The Funds did not hold financial derivative instruments during the period presented. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-629-8104

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

- **a. Name of Series:** Bright Rock Quality Large Cap Fund

- **b. EDGAR series identifier (if any):** S000029036

- **c. LEI of Series:** 254900A6D31S83TSJT86

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

- **a. Date of fiscal year-end:** 2023-02-28

- **b. Date as of which information is reported:** 2022-11-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $321115246.26

**Total Liabilities:** $435210.35

**Net Assets:** $320680035.91

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000089152 | -8.30%               | 7.78%                | 7.67%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3131681.39              | $-28916586.66                              |
| Month 2  | $-4933994.56             | $26538450.99                               |
| Month 3  | $0.00                    | $23060309.53                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| American Express Co            | American Express Co                 | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     40000 | NS      | $6303600.00   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     20000 | NS      | $2960600.00   | 0.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc       | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     33000 | NS      | $8716620.00   | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc         | Berkshire Hathaway Inc              | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     40000 | NS      | $12744000.00  | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock Inc                  | BlackRock Inc                       | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |     10500 | NS      | $7518000.00   | 2.34%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     74000 | NS      | $5733520.00   | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                          | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    106000 | NS      | $7055360.00   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                        | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     42000 | NS      | $11483220.00  | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                   | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     20000 | NS      | $2838600.00   | 0.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                          | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     20500 | NS      | $3071515.00   | 0.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms Inc             | Meta Platforms Inc                  | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |     70000 | NS      | $8267000.00   | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                  | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     30000 | NS      | $9719700.00   | 3.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco KBW Bank ETF           | Invesco KBW Bank ETF                | CUSIP: 46138E628<br>LEI: 5493006QRDPX6RZ3LB17 | Long             | EC               | RF                | US        |     40000 | NS      | $2239200.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares U.S. Energy ETF        | iShares U.S. Energy ETF             | CUSIP: 464287796<br>LEI: 549300GL0EFBIH6RSZ34 | Long             | EC               | RF                | US        |    300000 | NS      | $14721000.00  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                 | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |    110000 | NS      | $15199800.00  | 4.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     45000 | NS      | $16038000.00  | 5.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                      | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |    112000 | NS      | $12333440.00  | 3.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     66000 | NS      | $16839240.00  | 5.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                        | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     11000 | NS      | $3280970.00   | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| MSILF Government Portfolio     | MSILF Government Portfolio          | CUSIP: 61747C707<br>LEI: 549300BI6Y5SI6BYPB26 | Long             | STIV             | RF                | US        |   1406374 | NS      | $1406374.43   | 0.44%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc             | NextEra Energy Inc                  | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     40000 | NS      | $3388000.00   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                            | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     35000 | NS      | $3839150.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| O'Reilly Automotive Inc        | O'Reilly Automotive Inc             | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |      8500 | NS      | $7348590.00   | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| PepsiCo Inc                    | PepsiCo Inc                         | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     60000 | NS      | $11130600.00  | 3.47%             |  |  |  | No            |                  1 | On Loan: No      |
| T Rowe Price Group Inc         | T Rowe Price Group Inc              | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |     48000 | NS      | $5995680.00   | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Industrial Select Sector SPDR  | Industrial Select Sector SPDR Fund  | CUSIP: 81369Y704<br>LEI: 549300HQI51T8KP6U325 | Long             | EC               | RF                | US        |     45224 | NS      | $4600185.28   | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Technology Select Sector SPDR  | Technology Select Sector SPDR Fund  | CUSIP: 81369Y803<br>LEI: 549300BR5T0JNM2MW070 | Long             | EC               | RF                | US        |     80000 | NS      | $10876800.00  | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Sempra Energy                  | Sempra Energy                       | CUSIP: 816851109<br>LEI: PBBKGKLRK5S5C0Y4T545 | Long             | EC               | CORP              | US        |     45000 | NS      | $7478550.00   | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| TJX Cos Inc/The                | TJX Cos Inc/The                     | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     85547 | NS      | $6848037.35   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc               | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     40000 | NS      | $7218400.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                        | CUSIP: 02079K305<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     90000 | NS      | $9089100.00   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Thermo Fisher Scientific Inc   | Thermo Fisher Scientific Inc        | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |      9500 | NS      | $5322090.00   | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                         | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     65000 | NS      | $7214350.00   | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                  | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     33500 | NS      | $7283905.00   | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc              | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     25000 | NS      | $13694000.00  | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Information Technolog | Vanguard Information Technology ETF | CUSIP: 92204A702<br>LEI: N/A                  | Long             | EC               | RF                | US        |     16000 | NS      | $5567040.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Veeva Systems Inc              | Veeva Systems Inc                   | CUSIP: 922475108<br>LEI: 549300YZEXPDB92M2F02 | Long             | EC               | CORP              | US        |     27000 | NS      | $5139720.00   | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc          | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     99000 | NS      | $3859020.00   | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                         | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |     53000 | NS      | $8078260.00   | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| West Pharmaceutical Services I | West Pharmaceutical Services Inc    | CUSIP: 955306105<br>LEI: 5493007NKRGM1RJQ1P16 | Long             | EC               | CORP              | US        |     20000 | NS      | $4693200.00   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                           | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |     20000 | NS      | $6729600.00   | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Chubb Ltd                      | Chubb Ltd                           | CUSIP: N/A<br>LEI: E0JAN6VLUDI1HITHT809       | Long             | EC               | CORP              | CH        |     32000 | NS      | $7026880.00   | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2022-12-21

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

**Signature:** /s/ John Buckel

**Name of Signer:** John Buckel

**Title:** President