# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001133228-26-001490
**Filing Date:** 2026-2
**Character Count:** 126478
**Document Hash:** 96fa15c8f1de57ab7ccef01fd88887ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-001490.hdr.sgml**: 20260206

**ACCESSION NUMBER**: 0001133228-26-001490

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 42

**CONFORMED PERIOD OF REPORT**: 20251130

**FILED AS OF DATE**: 20260206

**DATE AS OF CHANGE**: 20260206

**EFFECTIVENESS DATE**: 20260206

**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:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 26606540

**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

### Rockefeller Climate Solutions Fund (Series ID: S000072137)

| Class ID   | Class Name                                                      | Ticker Symbol   |
|:---|:---|:---|
| C000227922 | Rockefeller Climate Solutions Fund - Institutional Class Shares | RKCIX           |
| C000227923 | Rockefeller Climate Solutions Fund - Class A Shares             | RKCAX           |

### Rockefeller US Small Cap Core Fund (Series ID: S000080973)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000243609 | Class A      | RKSAX           |
| C000243610 | Class I      | RKSIX           |

?xml version='1.0' encoding='ASCII'? 2025-09-24197678_RockefellerClimateSolutionsFund_ClassA_TSRAnnual

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**FORM N-CSR**

**CERTIFIED SHAREHOLDER REPORT OF REGISTERED** 

**MANAGEMENT INVESTMENT COMPANIES**

Investment Company Act file number **<u>811-10401</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;**<u>Trust for Professional Managers</u>**

(Exact name of registrant as specified in charter)

**<u>615 East Michigan Street</u>**

**<u>Milwaukee, WI 53202</u>**

(Address of principal executive offices) (Zip code)

**<u>Jay S. Fitton</u>**

**<u>U.S. Bancorp Fund Services, LLC</u>**

**<u>615 East Michigan Street</u>**

**<u>Milwaukee, WI 53202</u>**

(Name and address of agent for service)

**<u>(513) 520-5925</u>**

Registrant's telephone number, including area code

Date of fiscal year end: **<u>November 30, 2025</u>**

Date of reporting period: **<u>November 30, 2025</u>**

**<u>Item 1. Reports to Stockholders.</u>**

(a) ---

| | | |
|:---|:---|:---|
| ![image](img8871_r20240521103721.jpg) | **Rockefeller Climate Solutions Fund**  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Class A \| RKCAX  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Annual Shareholder Report \| November 30, 2025  | ![image](img1339_r20241219194373.jpg) |

---

This annual shareholder report contains important information about the Rockefeller Climate Solutions Fund for the period of December 1, 2024, to November 30, 2025. You can find additional information about the Fund at https://www.rockefellerfunds.com/equity-funds/. You can also request this information by contacting us at 1-855-369-6209.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $128 | 1.24% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

The MSCI ACWI Net Total Return Index returned 18.21% versus the Fund's Class A shares return of 6.95% (without sales charges) for the fiscal year ended November 30, 2025. The Fund underperformed due to stock selection within the Information Technology, Industrials and Materials sectors. Air Products & Chemicals (APD US) within the Materials sector was the top detracting position during the period. Health Care was the top contributing sector due to stock selection and our underweight allocation within the sector. GE Vernova (GEV US) within the Industrials sector was the top contributing position during the period.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses, were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6172img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(07/21/2021)** |
| **Class A (without sales charge)**  | 6.95 | 3.35 |
| **Class A (with maxmimun 5.25% sales charge)**  | 1.33 | 2.08 |
| **MSCI ACWI Net Total Return Index (USD)**  | 18.21 | 9.70 |

---

Visit https://www.rockefellerfunds.com/equity-funds/ for more recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** **The graph and table do not** **reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.**

Rockefeller Climate Solutions Fund PAGE 1 TSR-AR-89834G786

------

**KEY FUND STATISTICS** (as of November 30, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $81646929 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $469622 |
| **Portfolio Turnover** | 25% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of November 30, 2025)

**Sector Breakdown** **\***

![image](ts6172img004.jpg)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Mueller Industries, Inc.  | 4.6% |
|  StoneX Group, Inc.  | 4.5% |
|  Schneider Electric SE  | 3.6% |
|  SSE PLC  | 3.3% |
|  Chubb Ltd.  | 3.3% |
|  Bureau Veritas SA  | 3.0% |
|  Halma PLC  | 2.8% |
|  TE Connectivity PLC  | 2.7% |
|  Veralto Corp.  | 2.7% |
|  Trimble, Inc.  | 2.7% |

---

**Geographic Breakdown**

![image](ts6172img005.jpg)

\* The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") 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. Bank Global Fund Services.

**CHANGE IN ACCOUNTANT** 

Effective February 11, 2025, Deloitte & Touche LLP ("Deloitte") ceased to serve as the independent registered public accounting firm of the Fund. The Board of Trustees of Trust for Professional Managers (the "Board"), and the Audit Committee of the Board, approved Cohen & Company, Ltd. to serve as the new independent registered public accounting firm of the Fund for the fiscal year ended November 30, 2025. There were no disagreements with Deloitte during the fiscal years ended November 30, 2023 and 2024, and the subsequent interim period of December 1, 2024 through February 11, 2025.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code above or visit https://www.rockefellerfunds.com/equity-funds/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Fund documents not be householded, please contact the Fund at 1-855-369-6209, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Rockefeller Climate Solutions Fund PAGE 2 TSR-AR-89834G786

947595228116840910230109411000010145896610043126661497246.318.58.97.56.84.73.43.20.766.39.26.14.62.82.72.32.21.72.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img8871_r20240521103721.jpg) | **Rockefeller Climate Solutions Fund**  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Institutional Class \| RKCIX  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Annual Shareholder Report \| November 30, 2025  | ![image](img1339_r20241219194373.jpg) |

---

This annual shareholder report contains important information about the Rockefeller Climate Solutions Fund for the period of December 1, 2024, to November 30, 2025. You can find additional information about the Fund at https://www.rockefellerfunds.com/equity-funds/. You can also request this information by contacting us at 1-855-369-6209.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Institutional Class | $103 | 0.99% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

The MSCI ACWI Net Total Return Index returned 18.21% versus the Fund's Institutional Class shares return of 7.22% for the fiscal year ended November 30, 2025. The Fund underperformed due to stock selection within the Information Technology, Industrials and Materials sectors. Air Products & Chemicals (APD US) within the Materials sector was the top detracting position during the period. Health Care was the top contributing sector due to stock selection and our underweight allocation within the sector. GE Vernova (GEV US) within the Industrials sector was the top contributing position during the period.

**HOW DID THE FUND PERFORM OVER THE PAST 10 YEARS?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6173img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | | |
|:---|:---|:---|:---|
|  | **1 Year** | **5 Year** | **10 Year** **\*\*** |
| **Institutional Class**  | 7.22 | 4.97 | 9.62 |
| **MSCI ACWI Net Total Return Index (USD)**  | 18.21 | 11.97 | 11.41 |

---

Visit https://www.rockefellerfunds.com/equity-funds/ for more recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** **The graph and table do not** **reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.**

\*\* Performance prior to July 21, 2021 is that of its predecessor fund, the Rockefeller Climate Solutions Fund, L.P.

Rockefeller Climate Solutions Fund PAGE 1 TSR-AR-89834G794

------

**KEY FUND STATISTICS** (as of November 30, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $81646929 |
| **Number of Holdings** | 47 |
| **Net Advisory Fee** | $469622 |
| **Portfolio Turnover** | 25% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of November 30, 2025)

**Sector Breakdown** **\***

![image](ts6173img004.jpg)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Mueller Industries, Inc.  | 4.6% |
|  StoneX Group, Inc.  | 4.5% |
|  Schneider Electric SE  | 3.6% |
|  SSE PLC  | 3.3% |
|  Chubb Ltd.  | 3.3% |
|  Bureau Veritas SA  | 3.0% |
|  Halma PLC  | 2.8% |
|  TE Connectivity PLC  | 2.7% |
|  Veralto Corp.  | 2.7% |
|  Trimble, Inc.  | 2.7% |

---

**Geographic Breakdown**

![image](ts6173img005.jpg)

\* The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") 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. Bank Global Fund Services.

**CHANGE IN ACCOUNTANT** 

Effective February 11, 2025, Deloitte & Touche LLP ("Deloitte") ceased to serve as the independent registered public accounting firm of the Fund. The Board of Trustees of Trust for Professional Managers (the "Board"), and the Audit Committee of the Board, approved Cohen & Company, Ltd. to serve as the new independent registered public accounting firm of the Fund for the fiscal year ended November 30, 2025. There were no disagreements with Deloitte during the fiscal years ended November 30, 2023 and 2024, and the subsequent interim period of December 1, 2024 through February 11, 2025.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code above or visit https://www.rockefellerfunds.com/equity-funds/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Fund documents not be householded, please contact the Fund at 1-855-369-6209, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Rockefeller Climate Solutions Fund PAGE 2 TSR-AR-89834G794

100000010373461330751130598214886351965487215872218445971916060233665225053261000000103679412922691279611145462916729541995334176346019753042491199294479446.318.58.97.56.84.73.43.20.766.39.26.14.62.82.72.32.21.72.1 ------

---

| | | |
|:---|:---|:---|
| ![image](img8871_r20240521103721.jpg) | **Rockefeller US Small Cap Core Fund**  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Class A \| RKSAX  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Annual Shareholder Report \| November 30, 2025  | ![image](img1339_r20241219194373.jpg) |

---

This annual shareholder report contains important information about the Rockefeller US Small Cap Core Fund for the period of December 1, 2024, to November 30, 2025. You can find additional information about the Fund at https://www.rockefellerfunds.com/equity-funds/. You can also request this information by contacting us at 1-855-369-6209.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class A | $128 | 1.30% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

The Russell 2000 Total Return Index returned 4.09% versus the Fund's Class A shares return of -3.02% (without sales charges) for the fiscal year ended November 30, 2025. The Fund underperformed as stock selection in the Health Care, Communication Services, and Information Technology sectors detracted from performance. SunOpta (STKL US) in the Consumer Staples sector was the top detracting stock during the period. Stock selection within the Industrials and Financial sectors contributed positively to performance. Kratos Defense & Security (KTOS US) within the Industrials sector was the top contributing position during the period.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $10,000 chart reflects a hypothetical $10,000 investment in the class of shares noted and assumes the maximum sales charge. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including 12b-1 fees, management fees and other expenses, were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $10,000)

![image](ts6174img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(07/31/2023)** |
| **Class A (without sales charge)**  | -3.02 | 9.29 |
| **Class A (with maximun 5.25% sales charge)**  | -8.11 | 6.80 |
| **Russell 2000 Total Return Index**  | 4.09 | 11.53 |

---

Visit https://www.rockefellerfunds.com/equity-funds/ for more recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** **The graph and table do not** **reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.**

Rockefeller US Small Cap Core Fund PAGE 1 TSR-AR-89834G653

------

**KEY FUND STATISTICS** (as of November 30, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $97602361 |
| **Number of Holdings** | 39 |
| **Net Advisory Fee** | $732238 |
| **Portfolio Turnover** | 73% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of November 30, 2025)

**Sector Breakdown** **\***

![image](ts6174img004.jpg)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Korn Ferry  | 4.6% |
|  StoneX Group, Inc.  | 4.2% |
|  HA Sustainable Infrastructure Capital, Inc.  | 3.9% |
|  Invesco Government & Agency Portfolio  | 3.9% |
|  Q2 Holdings, Inc.  | 3.5% |
|  ONE Gas, Inc.  | 3.5% |
|  ePlus, Inc.  | 3.5% |
|  Helios Technologies, Inc.  | 3.4% |
|  Agilysys, Inc.  | 3.2% |
|  Stewart Information Services Corp.  | 3.2% |

---

\* The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") 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. Bank Global Fund Services.

**CHANGE IN ACCOUNTANT** 

Effective February 11, 2025, Deloitte & Touche LLP ("Deloitte") ceased to serve as the independent registered public accounting firm of the Fund. The Board of Trustees of Trust for Professional Managers (the "Board"), and the Audit Committee of the Board, approved Cohen & Company, Ltd. to serve as the new independent registered public accounting firm of the Fund for the fiscal year ended November 30, 2025. There were no disagreements with Deloitte during the fiscal years ended November 30, 2023 and 2024, and the subsequent interim period of December 1, 2024 through February 11, 2025.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code above or visit https://www.rockefellerfunds.com/equity-funds/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Fund documents not be householded, please contact the Fund at 1-855-369-6209, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Rockefeller US Small Cap Core Fund PAGE 2 TSR-AR-89834G653

947590581202211659100009085123951290222.120.720.117.98.93.51.51.34.0 ------

---

| | | |
|:---|:---|:---|
| ![image](img8871_r20240521103721.jpg) | **Rockefeller US Small Cap Core Fund**  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Class I \| RKSIX  | ![image](img1339_r20241219194373.jpg) |
| ![image](img8871_r20240521103721.jpg) | Annual Shareholder Report \| November 30, 2025  | ![image](img1339_r20241219194373.jpg) |

---

This annual shareholder report contains important information about the Rockefeller US Small Cap Core Fund for the period of December 1, 2024, to November 30, 2025. You can find additional information about the Fund at https://www.rockefellerfunds.com/equity-funds/. You can also request this information by contacting us at 1-855-369-6209.

**WHAT WERE THE FUND COSTS FOR THE PAST YEAR?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Class Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** |
| Class I | $104 | 1.05% |

---

**HOW DID THE FUND PERFORM LAST YEAR AND WHAT AFFECTED ITS PERFORMANCE?**

The Russell 2000 Total Return Index returned 4.09% versus the Fund's Class I shares return of -2.77% for the fiscal year ended November 30, 2025. The Fund underperformed as stock selection in the Health Care, Communication Services, and Information Technology sectors detracted from performance. SunOpta (STKL US) in the Consumer Staples sector was the top detracting stock during the period. Stock selection within the Industrials and Financial sectors contributed positively to performance. Kratos Defense & Security (KTOS US) within the Industrials sector was the top contributing position during the period.

**HOW DID THE FUND PERFORM** **SINCE INCEPTION?** **\***

The $1,000,000 chart reflects a hypothetical $1,000,000 investment in the class of shares noted. The chart uses total return NAV performance and assumes reinvestment of dividends and capital gains. Fund expenses, including management fees and other expenses, were deducted.

**CUMULATIVE PERFORMANCE** (Initial Investment of $1,000,000)

![image](ts6175img003.jpg)

**ANNUAL AVERAGE TOTAL RETURN (%)**

---

| | | |
|:---|:---|:---|
|  | **1 Year** | **Since Inception**<br>**(07/31/2023)** |
| **Class I**  | -2.77 | 9.55 |
| **Russell 2000 Total Return Index**  | 4.09 | 11.53 |

---

Visit https://www.rockefellerfunds.com/equity-funds/ for more recent performance information.

\* **The Fund's past performance is not a good predictor of how the Fund will perform in the future.** **The graph and table do not** **reflect the deduction of taxes that a shareholder would pay on Fund distributions or redemption of Fund shares.**

Rockefeller US Small Cap Core Fund PAGE 1 TSR-AR-89834G646

------

**KEY FUND STATISTICS** (as of November 30, 2025)

---

| | |
|:---|:---|
| **Net Assets** | $97602361 |
| **Number of Holdings** | 39 |
| **Net Advisory Fee** | $732238 |
| **Portfolio Turnover** | 73% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of November 30, 2025)

**Sector Breakdown** **\***

![image](ts6175img004.jpg)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Korn Ferry  | 4.6% |
|  StoneX Group, Inc.  | 4.2% |
|  HA Sustainable Infrastructure Capital, Inc.  | 3.9% |
|  Invesco Government & Agency Portfolio  | 3.9% |
|  Q2 Holdings, Inc.  | 3.5% |
|  ONE Gas, Inc.  | 3.5% |
|  ePlus, Inc.  | 3.5% |
|  Helios Technologies, Inc.  | 3.4% |
|  Agilysys, Inc.  | 3.2% |
|  Stewart Information Services Corp.  | 3.2% |

---

\* The Global Industry Classification Standard ("GICS®") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") 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. Bank Global Fund Services.

**CHANGE IN ACCOUNTANT** 

Effective February 11, 2025, Deloitte & Touche LLP ("Deloitte") ceased to serve as the independent registered public accounting firm of the Fund. The Board of Trustees of Trust for Professional Managers (the "Board"), and the Audit Committee of the Board, approved Cohen & Company, Ltd. to serve as the new independent registered public accounting firm of the Fund for the fiscal year ended November 30, 2025. There were no disagreements with Deloitte during the fiscal years ended November 30, 2023 and 2024, and the subsequent interim period of December 1, 2024 through February 11, 2025.

For additional information about the Fund, including its prospectus, financial information, holdings and proxy voting information, scan the QR code above or visit https://www.rockefellerfunds.com/equity-funds/.

**HOUSEHOLDING**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Fund documents not be householded, please contact the Fund at 1-855-369-6209, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Rockefeller US Small Cap Core Fund PAGE 2 TSR-AR-89834G646

10000009570001272517123722110000009084731239461129021322.120.720.117.98.93.51.51.34.0 ------

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Not applicable.

**<u>Item 2. Code of Ethics.</u>**

The registrant has adopted a code of ethics that applies to the registrant's principal executive officer and principal financial officer. The registrant has not made any substantive amendments to its code of ethics during the period covered by this report. The registrant has not granted any waivers from any provisions of the code of ethics during the period covered by this report. A copy of the registrant's Code of Ethics is incorporated by reference to the Registrant's Form N-CSR filed on February 6, 2019.

**<u>Item 3. Audit Committee Financial Expert.</u>**

The registrant's board of trustees has determined that there is at least one audit committee financial expert serving on its audit committee. Dr. Michael Akers and Lisa Zúñiga Ramírez are the "audit committee financial experts" and are considered to be "independent" as each term is defined in Item 3 of Form N-CSR.

**<u>Item 4. Principal Accountant Fees and Services.</u>**

The registrant has engaged its principal accountant to perform audit services, audit-related services, tax services and other services during the past two fiscal years. "Audit services" refer to performing an audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. "Audit-related services" refer to the assurance and related services by the principal accountant that are reasonably related to the performance of the audit. "Tax services" refer to professional services rendered by the principal accountant for tax compliance, tax advice, and tax planning. The following table details the aggregate fees billed or expected to be billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and other fees by the principal accountant.

---

| | | |
|:---|:---|:---|
| | FYE 11/30/2025 | FYE 11/30/2024<sup>(1)</sup> |
| (a) Audit Fees | $32000 | $63740 |
| (b) Audit-Related Fees | 0 | 0 |
| (c) Tax Fees | $6000 | $14070 |
| (d) All Other Fees | 0 | 0 |

---

 

<sup>(1)</sup> Fees related to fiscal year 2024 were billed by a previous independent registered public accounting firm.

(e)(1) The audit committee has adopted pre-approval policies and procedures that require the audit committee to pre-approve all audit and non-audit services of the registrant, including services provided to any entity affiliated with the registrant.

(e)(2) The percentage of fees billed by Cohen & Co., applicable to non-audit services pursuant to waiver of pre-approval requirement were as follows:

---

| | | |
|:---|:---|:---|
| | FYE 11/30/2025 | FYE 11/30/2024 |
| Audit-Related Fees | 0% | 0% |
| Tax Fees | 0% | 0% |
| All Other Fees | 0% | 0% |

---

(f) During the audit of the registrant's financial statements all of the hours were attributed to work performed by persons other than full-time permanent employees of the principal accountant.

(g) The following table indicates the non-audit fees billed or expected to be billed by the registrant's accountant for services to the registrant and to the registrant's investment adviser (and any other controlling entity, etc.—not sub-adviser) for the last two years.

 

---

| | | |
|:---|:---|:---|
| Non-Audit Related Fees | FYE 11/30/2025 | FYE 11/30/2024<sup>(1)</sup> |
| Registrant | $0 | $0 |
| Registrant's Investment Adviser | $0 | $169500 |

---

 

<sup>(1)</sup> Fees related to fiscal year 2024 were billed by a previous independent registered public accounting firm.

(h) The audit committee of the board of trustees has considered whether the provision of non-audit services that were rendered to the registrant's investment adviser is compatible with maintaining the principal accountant's independence and has concluded that the provision of such non-audit services by the accountant has not compromised the accountant's independence.

(i) Not applicable.

(j) Not applicable.

**<u>Item 5. Audit Committee of Listed Registrants.</u>**

Not applicable to registrants who are not listed issuers (as defined in Rule 10A-3 under the Securities Exchange Act of 1934).

**<u>Item 6. Investments.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) Schedule of Investments is included within the financial statements filed under Item 7(a) of this Form.

&nbsp;&nbsp;&nbsp;&nbsp;(a) Not Applicable.

**<u>Item 7. Financial Statements and Financial Highlights for Open-End Investment Companies.</u>**

(a) ![](rockefeller.jpg)

**ROCKEFELLER CLIMATE SOLUTIONS FUND** 

**ROCKEFELLER US SMALL CAP CORE FUND** 

Annual Financial Statements and Additional Information

November 30, 2025

------

---

| | |
|:---|:---|
| **What's Inside**  | **What's Inside**  |
| [Schedules of Investments](#tsoi) | [1](#tsoi) |
| [Statements of Assets and Liabilities](#tsal) | [7](#tsal) |
| [Statements of Operations](#tsop) | [9](#tsop) |
| [Statements of Changes in Net Assets](#tscna) | [10](#tscna) |
| [Financial Highlights](#tfihi) | [12](#tfihi) |
| [Notes to Financial Statements](#tnotes) | [16](#tnotes) |
| [Report of Independent Registered Public Accounting Firm](#report) | [23](#report) |
| [Additional Information](#taddi) | [24](#taddi) |

---

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Climate Solutions Fund

Schedule of Investments

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 99.3%**<br>|  |  |
| **Automobiles — 1.1%**<br>|  |  |
| BYD Co. Ltd. - Class H | 73900 | $928764  |
| **Building Products — 8.9%**<br>|  |  |
| A. O. Smith Corp. | 20655 | 1362817  |
| AAON, Inc. | 21999 | 2056466  |
| Advanced Drainage Systems, Inc. | 11335 | 1727227  |
| Cie de Saint-Gobain | 21066 | 2102531  |
|  |  | 7249041  |
| **Capital Markets — 4.5%**<br>|  |  |
| StoneX Group, Inc.<sup>(a)</sup> | 40448 | 3664993  |
| **Chemicals — 4.7%**<br>|  |  |
| Air Products and Chemicals, Inc. | 6866 | 1792370  |
| DSM-Firmenich AG | 12578 | 1034577  |
| Novonesis Novozymes B | 15858 | 989878  |
|  |  | 3816825  |
| **Commercial Services & Supplies — 7.2%**<br>|  |  |
| Republic Services, Inc. | 7664 | 1663548  |
| Tetra Tech, Inc. | 57454 | 1995952  |
| Veralto Corp. | 22090 | 2235950  |
|  |  | 5895450  |
| **Construction & Engineering — 3.6%**<br>|  |  |
| Limbach Holdings, Inc.<sup>(a)</sup> | 16097 | 1138863  |
| Stantec, Inc. | 18377 | 1767279  |
|  |  | 2906142  |
| **Electric Utilities — 5.4%**<br>|  |  |
| NextEra Energy, Inc. | 19964 | 1722694  |
| SSE PLC | 92953 | 2704327  |
|  |  | 4427021  |
| **Electrical Equipment — 7.9%**<br>|  |  |
| Array Technologies, Inc.<sup>(a)</sup> | 83590 | 627761  |
| GE Vernova, Inc. | 2634 | 1579794  |
| Schneider Electric SE | 10996 | 2959082  |
| Vestas Wind Systems AS | 54120 | 1286542  |
|  |  | 6453179  |
| **Electronic Equipment, Instruments & Components — 15.0%**<br>|  |  |
| Badger Meter, Inc. | 9821 | 1753441  |
| Halma PLC | 48088 | 2269292  |
| Mirion Technologies, Inc.<sup>(a)</sup> | 74425 | 1936539  |
| TE Connectivity PLC | 9888 | 2236171  |
| Teledyne Technologies, Inc.<sup>(a)</sup> | 3627 | 1811759  |
| Trimble, Inc.<sup>(a)</sup> | 27217 | 2216008  |
|  |  | 12223210  |

---

The accompanying notes are an integral part of these financial statements.

1<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Climate Solutions Fund

Schedule of Investments(Cont'd)

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — continued**  | **COMMON STOCKS — continued**  | **COMMON STOCKS — continued**  |
| **Financial Services — 1.1%**<br>|  |  |
| HA Sustainable Infrastructure Capital, Inc. | 26269 | $902603  |
| **Food Products — 3.4%**<br>|  |  |
| Bakkafrost P/F | 18337 | 842147  |
| Darling Ingredients, Inc.<sup>(a)</sup> | 52777 | 1932166  |
|  |  | 2774313  |
| **Household Durables — 2.1%**<br>|  |  |
| TopBuild Corp.<sup>(a)</sup> | 3738 | 1691445  |
| **Industrial Conglomerates — 1.7%**<br>|  |  |
| Hitachi Ltd. | 43300 | 1378929  |
| **Insurance — 3.3%**<br>|  |  |
| Chubb Ltd. | 9030 | 2674505  |
| **Life Sciences Tools & Services — 6.8%**<br>|  |  |
| Agilent Technologies, Inc. | 13120 | 2013920  |
| Eurofins Scientific SE<sup>(a)</sup> | 27862 | 1897777  |
| Mettler-Toledo International, Inc.<sup>(a)</sup> | 1097 | 1619962  |
|  |  | 5531659  |
| **Machinery — 8.5%**<br>|  |  |
| ESCO Technologies, Inc. | 9336 | 1987728  |
| Mueller Industries, Inc. | 34418 | 3781506  |
| Xylem, Inc. | 8269 | 1163200  |
|  |  | 6932434  |
| **Multi-Utilities — 2.1%**<br>|  |  |
| CMS Energy Corp. | 23105 | 1743041  |
| **Professional Services — 6.3%**<br>|  |  |
| Bureau Veritas SA | 75552 | 2417213  |
| UL Solutions, Inc. | 20768 | 1894249  |
| Verisk Analytics, Inc. | 3844 | 865169  |
|  |  | 5176631  |
| **Semiconductors & Semiconductor Equipment — 0.2%**<br>|  |  |
| Enphase Energy, Inc.<sup>(a)</sup> | 5693 | 164243  |
| **Software — 3.3%**<br>|  |  |
| Roper Technologies, Inc. | 2740 | 1222643  |
| Synopsys, Inc.<sup>(a)</sup> | 3583 | 1497730  |
|  |  | 2720373  |
| **Trading Companies & Distributors — 2.2%**<br>|  |  |
| WESCO International, Inc. | 6604 | 1765976  |
| **TOTAL COMMON STOCKS (Cost $62,538,436)** |  | **81020777**  |

---

The accompanying notes are an integral part of these financial statements.

2<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Climate Solutions Fund

Schedule of Investments(Cont'd)

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **Money Market Funds — 0.7%**<br>|  |  |
| Invesco Government & Agency Portfolio - Institutional Class, 3.91%<sup>(b)</sup> | 586861 | $586861  |
| **TOTAL MONEY MARKET FUNDS (Cost $586,861)** |  | **586861**  |
| **TOTAL INVESTMENTS — 100.0% (Cost $63,125,297)** |  | **81607638**  |
| Other Assets in Excess of Liabilities — 0.0%<sup>(c)</sup> |  | **39291**  |
| **TOTAL NET ASSETS — 100.0%** |  | **$81646929** |

---

Percentages are stated as a percent of net assets.

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

PLC - Public Limited Company

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of November 30, 2025.

<sup>(c)</sup> Represents less than 0.05% of net assets. 

The accompanying notes are an integral part of these financial statements.

3<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller US Small Cap Core Fund

Schedule of Investments

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — 96.0%**<br>|  |  |
| **Banks — 2.7%**<br>|  |  |
| First Bancorp. | 52506 | $2678331  |
| **Capital Markets — 6.2%**<br>|  |  |
| Perella Weinberg Partners | 106682 | 1948014  |
| StoneX Group, Inc.<sup>(a)</sup> | 44930 | 4071107  |
|  |  | 6019121  |
| **Communications Equipment — 2.2%**<br>|  |  |
| Calix, Inc.<sup>(a)</sup> | 39191 | 2166086  |
| **Construction & Engineering — 1.9%**<br>|  |  |
| Limbach Holdings, Inc.<sup>(a)</sup> | 25585 | 1810139  |
| **Consumer Finance — 1.6%**<br>|  |  |
| FirstCash Holdings, Inc. | 10017 | 1586793  |
| **Diversified Consumer Services — 4.0%**<br>|  |  |
| Stride, Inc.<sup>(a)</sup> | 26211 | 1665185  |
| Universal Technical Institute, Inc.<sup>(a)</sup> | 97040 | 2233861  |
|  |  | 3899046  |
| **Electronic Equipment, Instruments & Components — 7.6%**<br>|  |  |
| ePlus, Inc. | 38064 | 3410534  |
| Mirion Technologies, Inc.<sup>(a)</sup> | 80053 | 2082979  |
| Napco Security Technologies, Inc. | 47455 | 1917182  |
|  |  | 7410695  |
| **Financial Services — 6.3%**<br>|  |  |
| HA Sustainable Infrastructure Capital, Inc. | 109895 | 3775992  |
| Walker & Dunlop, Inc. | 37021 | 2393038  |
|  |  | 6169030  |
| **Food Products — 1.3%**<br>|  |  |
| SunOpta, Inc.<sup>(a)</sup> | 339579 | 1276817  |
| **Gas Utilities — 3.5%**<br>|  |  |
| ONE Gas, Inc. | 40777 | 3414666  |
| **Ground Transportation — 2.1%**<br>|  |  |
| ArcBest Corp. | 32138 | 2062295  |
| **Health Care Equipment & Supplies — 7.4%**<br>|  |  |
| LeMaitre Vascular, Inc. | 31303 | 2596584  |
| Merit Medical Systems, Inc.<sup>(a)</sup> | 25000 | 2164750  |
| UFP Technologies, Inc.<sup>(a)</sup> | 10851 | 2459813  |
|  |  | 7221147  |

---

The accompanying notes are an integral part of these financial statements.

4<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller US Small Cap Core Fund

Schedule of Investments(Cont'd)

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **COMMON STOCKS — continued**  | **COMMON STOCKS — continued**  | **COMMON STOCKS — continued**  |
| **Health Care Providers & Services — 8.1%**<br>|  |  |
| Pediatrix Medical Group, Inc.<sup>(a)</sup> | 103050 | $2482474  |
| Progyny, Inc.<sup>(a)</sup> | 41153 | 1085205  |
| RadNet, Inc.<sup>(a)</sup> | 27505 | 2277139  |
| US Physical Therapy, Inc. | 27380 | 2022013  |
|  |  | 7866831  |
| **Health Care Technology — 1.5%**<br>|  |  |
| Simulations Plus, Inc.<sup>(a)</sup> | 88025 | 1496425  |
| **Hotels, Restaurants & Leisure — 2.1%**<br>|  |  |
| BJ's Restaurants, Inc.<sup>(a)</sup> | 53257 | 2042406  |
| **Insurance — 5.3%**<br>|  |  |
| Skyward Specialty Insurance Group, Inc.<sup>(a)</sup> | 42280 | 2070029  |
| Stewart Information Services Corp. | 40485 | 3102365  |
|  |  | 5172394  |
| **Life Sciences Tools & Services — 3.1%**<br>|  |  |
| BioLife Solutions, Inc.<sup>(a)</sup> | 112358 | 2977487  |
| **Machinery — 6.3%**<br>|  |  |
| ESCO Technologies, Inc. | 13564 | 2887911  |
| Helios Technologies, Inc. | 61146 | 3301273  |
|  |  | 6189184  |
| **Media — 1.5%**<br>|  |  |
| DoubleVerify Holdings, Inc.<sup>(a)</sup> | 141115 | 1487352  |
| **Professional Services — 7.6%**<br>|  |  |
| Huron Consulting Group, Inc.<sup>(a)</sup> | 18155 | 2988495  |
| Korn Ferry | 67824 | 4460784  |
|  |  | 7449279  |
| **Software — 8.1%**<br>|  |  |
| Agilysys, Inc.<sup>(a)</sup> | 25627 | 3151096  |
| PAR Technology Corp.<sup>(a)</sup> | 39275 | 1355380  |
| Q2 Holdings, Inc.<sup>(a)</sup> | 47497 | 3425959  |
|  |  | 7932435  |
| **Specialty Retail — 2.8%**<br>|  |  |
| Winmark Corp. | 6552 | 2692937  |
| **Trading Companies & Distributors — 2.8%**<br>|  |  |
| DXP Enterprises, Inc.<sup>(a)</sup> | 29091 | 2734263  |
| **TOTAL COMMON STOCKS (Cost $82,111,660)** |  | **93755159** |

---

The accompanying notes are an integral part of these financial statements.

5<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller US Small Cap Core Fund

Schedule of Investments(Cont'd)

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **Money Market Funds — 3.9%**<br>|  |  |
| Invesco Government & Agency Portfolio - Institutional Class, 3.91%<sup>(b)</sup> | 3773668 | $3773668  |
| **TOTAL MONEY MARKET FUNDS (Cost $3,773,668)** |  | **3773668**  |
| **TOTAL INVESTMENTS — 99.9% (Cost $85,885,328)** |  | **97528827**  |
| Other Assets in Excess of Liabilities — 0.1% |  | 73534  |
| **TOTAL NET ASSETS — 100.0%** |  | **$97602361** |

---

Percentages are stated as a percent of net assets.

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

<sup>(a)</sup> Non-income producing security.

<sup>(b)</sup> The rate shown represents the 7-day annualized yield as of November 30, 2025.

The accompanying notes are an integral part of these financial statements.

6<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Funds

Statements of Assets and Liabilities

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate Solutions** <br>**Fund** | **Rockefeller** <br>**US Small Cap Core** <br>**Fund**  |
| **Assets:**<br>|  |  |
| Investments, at value | $81607638 | $97528827  |
| Dividend tax reclaims receivable | 81676 | —  |
| Dividends receivable | 37616 | 158623  |
| Prepaid expenses and other assets | 25419 | 13262  |
| &nbsp;&nbsp;&nbsp; **Total Assets** | **81752349** | **97700712**  |
| **Liabilities:**<br>|  |  |
| Payable to adviser | 29357 | 40903  |
| Payable for transfer agent fees and expenses | 21806 | 8944  |
| Payable for fund administration and accounting fees | 19795 | 19580  |
| Payable for audit fees | 17768 | 17768  |
| Payable for legal fees | 6691 | 3862  |
| Payable for custodian fees | 4265 | 1680  |
| Payable for compliance fees | 2710 | 2085  |
| Payable for distribution fees | 289 | 422  |
| Payable for capital shares redeemed | 279 | —  |
| Payable for expenses and other liabilities | 2460 | 3107  |
| &nbsp;&nbsp;&nbsp; **Total Liabilities** | **105420** | **98351**  |
| **Net Assets** | 81646929 | 97602361  |
| **Net Assets Consists of:**<br>|  |  |
| Paid-in capital | $49417250 | $83101557  |
| Total distributable earnings | 32229679 | 14500804  |
| &nbsp;&nbsp;&nbsp; **Total Net Assets** | **$81646929** | **$97602361**  |
| **Class A**<br>|  |  |
| Net assets | $218150 | $159834  |
| Shares issued and outstanding<sup>(a)</sup> | 19444 | 13498  |
| **Net asset value per share** | **$11.22** | **$11.84**  |
|  Max offering price per share (Net asset value per share divided by 0.9475 and 0.9475)<sup>(b)</sup> | $11.84 | $12.50  |

---

The accompanying notes are an integral part of these financial statements.

7<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Funds

Statements of Assets and Liabilities(Cont'd)

November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate Solutions** <br>**Fund** | **Rockefeller** <br>**US Small Cap Core** <br>**Fund**  |
| **Class I**<br>|  |  |
| Net assets | $— | $97442527  |
| Shares issued and outstanding<sup>(a)</sup> |  | 8191089  |
| **Net asset value per share** | **$—** | **$11.90**  |
| **Institutional Class**<br>|  |  |
| Net assets | $81428779 | $—  |
| Shares issued and outstanding<sup>(a)</sup> | 7222228 | —  |
| **Net asset value per share** | **$11.27** | **$—**  |
| **Cost:**<br>|  |  |
| Investments, at cost | $63125297 | $85885328 |

---

<sup>(a)</sup> Unlimited shares authorized.

<sup>(b)</sup> Reflects a maximum sales charge of 5.25%. 

The accompanying notes are an integral part of these financial statements.

8<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Funds

Statements of Operations

For the Year Ended November 30, 2025

---

| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate Solutions** <br>**Fund** | **Rockefeller** <br>**US Small Cap Core** <br>**Fund**  |
| **Investment Income:**<br>|  |  |
| Dividend income | $974176 | $821003  |
| Less: Issuance fees | (212) | —  |
| Less: Dividend withholding taxes | (53177) | —  |
| &nbsp;&nbsp;&nbsp; **Total Investment Income** | **920787** | **821003**  |
| **Expenses:**<br>|  |  |
| Investment advisory fee | 769683 | 875401  |
| Transfer agent fees | 131063 | 53551  |
| Fund administration and accounting fees | 120944 | 126890  |
| Legal fees | 35980 | 35190  |
| Federal and state registration fees | 35426 | 40893  |
| Trustees' fees | 33354 | 33323  |
| Audit fees | 21707 | 21707  |
| Custodian fees | 20367 | 9487  |
| Compliance fees | 12611 | 12501  |
| Reports to shareholders | 4279 | 4808  |
| Distribution expenses - Class A | 517 | 448  |
| Other expenses and fees | 13117 | 14800  |
| &nbsp;&nbsp;&nbsp; **Total Expenses** | **1199048** | **1228999**  |
| Expense reimbursement by Adviser | (300061) | (143163)  |
| **Net Expenses** | **898987** | **1085836**  |
| **Net Investment Income (Loss)** | **21800** | **(264833)**  |
| **Realized and Unrealized Gain (Loss)** |  |  |
| **Net Realized Gain (Loss) from:**<br>|  |  |
| Investments | 3224440 | 3502709  |
| Foreign currency translation | (20890) | —  |
| **Net Realized Gain (Loss)** | **3203550** | **3502709**  |
| **Net Change in Unrealized Appreciation (Depreciation) on:**<br>|  |  |
| Investments | 2618930 | (6938376)  |
| Foreign currency translation | 4507 | —  |
| **Net Change in Unrealized Appreciation (Depreciation)** | **2623437** | **(6938376)**  |
| **Net Realized and Unrealized Gain (Loss)** | **5826987** | **(3391687)**  |
| **Net Increase (Decrease) in Net Assets Resulting from Operations** | **$5848787** | **$(3700500)** |

---

The accompanying notes are an integral part of these financial statements.

9<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Funds

Statements of Changes in Net Assets

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Rockefeller Climate** <br>**Solutions Fund** | **Rockefeller Climate** <br>**Solutions Fund** | **Rockefeller US Small** <br>**Cap Core Fund**  | **Rockefeller US Small** <br>**Cap Core Fund**  |
|  | **Year Ended November 30,**  | **Year Ended November 30,**  | **Year Ended November 30,**  | **Year Ended November 30,**  |
|  | **2025** | **2024** | **2025** | **2024**  |
| **Operations:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $21800 | $204548 | $(264833) | $(136827)  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 3203550 | (2193112) | 3502709 | 4078264  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | 2623437 | 20107671 | (6938376) | 20929539  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | **5848787** | **18119107** | **(3700500)** | **24870976**  |
| **Distributions to Shareholders:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings — Class A | (6493) | (430) | (6212) | —  |
| &nbsp;&nbsp;&nbsp; From earnings — Class I |  |  | (4040565) | (46262)  |
| &nbsp;&nbsp;&nbsp; From earnings — Institutional Class | (2204844) | (381813) |  | —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | **(2211337)** | **(382243)** | **(4046777)** | **(46262)**  |
| **Capital Transactions:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold — Class A | 78074 | 39470 | 90500 | 32501  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Class A | 2849 | 184 | 6086 | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Class A | (158623) | (12540) | (92104) | —  |
| &nbsp;&nbsp;&nbsp; Shares sold — Class I |  |  | 18934601 | 29604108  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Class I |  |  | 1830591 | 11811  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Class I |  |  | (27456662) | (4086789)  |
| &nbsp;&nbsp;&nbsp; Shares sold — Institutional Class | 10248639 | 6748900 |  | —  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Institutional Class | 1892141 | 202159 |  | —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Institutional Class | (29997921) | (12938424) |  | —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | **(17934841)** | **(5960251)** | **(6686988)** | **25561631**  |
| **Net increase (decrease) in net assets** | **(14297391)** | **11776613** | **(14434265)** | **50386345**  |
| **Net Assets:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the year | 95944320 | 84167707 | 112036626 | 61650281  |
| &nbsp;&nbsp;&nbsp; **End of the year** | **$81646929** | **$95944320** | **$97602361** | **$112036626**  |

---

The accompanying notes are an integral part of these financial statements.

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Rockefeller Funds

Statements of Changes in Net Assets(Cont'd)

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Rockefeller Climate** <br>**Solutions Fund** | **Rockefeller Climate** <br>**Solutions Fund** | **Rockefeller US Small** <br>**Cap Core Fund**  | **Rockefeller US Small** <br>**Cap Core Fund**  |
|  | **Year Ended November 30,**  | **Year Ended November 30,**  | **Year Ended November 30,**  | **Year Ended November 30,**  |
|  | **2025** | **2024** | **2025** | **2024**  |
| **Shares Transactions**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold — Class A | 7252 | 4022 | &nbsp;&nbsp; 7831 | &nbsp;&nbsp;&nbsp; 3056  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Class A | 289 | 20 | &nbsp;&nbsp; 526 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Class A | (16249) | (1234) | &nbsp;&nbsp; (8568) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares sold — Class I |  |  | &nbsp;&nbsp; 1656731 | &nbsp;&nbsp;&nbsp; 2744881  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Class I |  |  | &nbsp;&nbsp; 157946 | &nbsp;&nbsp;&nbsp; 1135  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Class I |  |  | &nbsp;&nbsp; (2420227) | &nbsp;&nbsp;&nbsp; (382840)  |
| &nbsp;&nbsp;&nbsp; Shares sold — Institutional Class | 981440 | 674132 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares issued in reinvestment of distributions — Institutional Class | 191125 | 21597 | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed — Institutional Class | (2822337) | (1279384) | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | **(1658480)** | **(580847)** | &nbsp;&nbsp; **(605761)** | &nbsp;&nbsp;&nbsp; **2366232** |

---

The accompanying notes are an integral part of these financial statements.

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**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Climate Solutions Fund

Financial Highlights

Class A

 **Per Share Data:**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Period Ended** <br>**November 30,** <br>**2021<sup>(a)</sup>**  |
|  | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**November 30,** <br>**2021<sup>(a)</sup>**  |
| **Net asset value, beginning of year** | $10.73 | $8.84 | $8.53 | $10.05 | &nbsp;&nbsp;&nbsp; $10.00  |
| **Investment operations:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss)<sup>(b)</sup> | (0.03) |  | 0.02 | 0.01 | &nbsp;&nbsp;&nbsp; (0.03)  |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | 0.75 | 1.91 | 0.29 | (1.49) | &nbsp;&nbsp;&nbsp;&nbsp;0.08  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total from investment operations** | 0.72 | 1.91 | 0.31 | **(1.48)** | &nbsp;&nbsp;&nbsp;&nbsp;0.05  |
| **Less distributions from:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income | (0.00)<sup>(d)</sup> | (0.02) |  |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Net realized gains | (0.23) |  |  | (0.04) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total distributions** | **(0.23)** | **(0.02)** | **—** | **(0.04)** | &nbsp;&nbsp;&nbsp; **—**  |
| **Net asset value, end of year** | $11.22 | $10.73 | $8.84 | $8.53 | &nbsp;&nbsp;&nbsp; $10.05  |
| **Total return** | **6.95%** | **21.65%** | **3.61%** | **-14.76%** | &nbsp;&nbsp;&nbsp; **0.50%**  |
| **Supplemental data and ratios:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of year (in thousands) | $218 | $302 | $224 | $1145 | &nbsp;&nbsp;&nbsp; $887  |
| **Ratio of expenses to average net assets:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | 1.58% | 1.58% | 1.55% | 1.53% | &nbsp;&nbsp;&nbsp; 1.56%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | 1.24% | 1.24% | 1.24% | 1.24% | &nbsp;&nbsp;&nbsp; 1.24%  |
|  Ratio of interest and borrowing expense to average net assets | 0.00%<sup>(d)</sup> | —% | —% | —% | &nbsp;&nbsp;&nbsp; —%  |
|  Ratio of net investment income (loss) to average net assets | (0.32)% | (0.04)% | 0.23% | 0.08% | &nbsp;&nbsp;&nbsp; (0.89)%  |
| Portfolio turnover rate | 25% | 35% | 38% | 17% | &nbsp;&nbsp;&nbsp; 13% |

---

<sup>(a)</sup> Inception date of the Fund was July 21, 2021.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the years.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the years.

<sup>(d)</sup> Amount represents less than 0.005%. 

The accompanying notes are an integral part of these financial statements.

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Rockefeller Climate Solutions Fund

Financial Highlights

Institutional Class

 **Per Share Data:**<br>

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Year Ended November 30,** | **Period Ended** <br>**November 30,** <br>**2021<sup>(a)</sup>**  |
|  | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**November 30,** <br>**2021<sup>(a)</sup>**  |
| **Net asset value, beginning of year** | $10.78 | $8.88 | $8.56 | $10.06 | &nbsp;&nbsp; $10.00  |
| **Investment operations:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss)<sup>(b)</sup> | 0.00<sup>(c)</sup> | 0.02 | 0.04 | 0.03 | &nbsp;&nbsp; (0.01)  |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investments<sup>(d)</sup> | 0.74 | 1.92 | 0.29 | (1.49) | 0.07  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total from investment operations** | 0.74 | 1.94 | 0.33 | **(1.46)** | 0.06  |
| **Less distributions from:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income | (0.02) | (0.04) | (0.01) |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Net realized gains | (0.23) |  |  | (0.04) | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total distributions** | **(0.25)** | **(0.04)** | **(0.01)** | **(0.04)** | &nbsp;&nbsp; **—**  |
| **Net asset value, end of year** | $11.27 | $10.78 | $8.88 | $8.56 | &nbsp;&nbsp; $10.06  |
| **Total return** | **7.22%** | **21.95%** | **3.87%** | **-14.55%** | &nbsp;&nbsp; **0.58%**  |
| **Supplemental data and ratios:**<br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of year (in thousands) | $81429 | $95642 | $83944 | $90942 | &nbsp;&nbsp; $113235  |
| **Ratio of expenses to average net assets:** |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | 1.32% | 1.33% | 1.30% | 1.26% | &nbsp;&nbsp; 1.25%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | 0.99% | 0.99% | 0.99% | 0.99% | &nbsp;&nbsp; 0.99%  |
|  Ratio of interest and borrowing expense to average net assets | 0.00%<sup>(e)</sup> | —% | —% | —% | &nbsp;&nbsp; —%  |
|  Ratio of net investment income (loss) to average net assets | 0.02% | 0.22% | 0.46% | 0.31% | &nbsp;&nbsp; (0.43)%  |
| Portfolio turnover rate | 25% | 35% | 38% | 17% | &nbsp;&nbsp; 13% |

---

<sup>(a)</sup> Inception date of the Fund was July 21, 2021.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the years.

<sup>(c)</sup> Amount represents less than $0.005 per share.

<sup>(d)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the years.

<sup>(e)</sup> Amount represents less than 0.005%. 

The accompanying notes are an integral part of these financial statements.

13<br>

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Rockefeller US Small Cap Core Fund

Financial Highlights

Class A

 **Per Share Data:**<br>

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended November 30,** | **Year Ended November 30,** | **Period Ended** <br>**November 30,** <br>**2023<sup>(a)</sup>**  |
|  | **2025** | **2024**  | **Period Ended** <br>**November 30,** <br>**2023<sup>(a)</sup>**  |
| **Net asset value, beginning of year** | $12.69 | $9.56 | &nbsp;&nbsp;&nbsp; $10.00  |
| **Investment operations:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment loss<sup>(b)</sup> | (0.06) | (0.05) | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | (0.34) | 3.18 | &nbsp;&nbsp;&nbsp; (0.44)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total from investment operations** | **(0.40)** | 3.13 | &nbsp;&nbsp;&nbsp; **(0.44)**  |
| **Less distributions from:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income | (0.00)<sup>(d)</sup> |  | &nbsp;&nbsp;&nbsp; — |
| &nbsp;&nbsp;&nbsp; Net realized gains | (0.45) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(0.45)** | **—** | &nbsp;&nbsp;&nbsp; **—**  |
| **Net asset value, end of year** | $11.84 | $12.69 | &nbsp;&nbsp;&nbsp; $9.56  |
| **Total return** | **-3.02%** | **32.74%** | &nbsp;&nbsp;&nbsp; **-4.40%**  |
| **Supplemental data and ratios:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of year (in thousands) | $160 | $174 | &nbsp;&nbsp;&nbsp; $102  |
| **Ratio of expenses to average net assets:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | 1.44% | 1.53% | &nbsp;&nbsp;&nbsp; 3.98%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | 1.30% | 1.24% | &nbsp;&nbsp;&nbsp; 1.20%  |
| Ratio of interest and borrowing expense to average net assets | 0.00%<sup>(d)</sup> | —% | &nbsp;&nbsp;&nbsp; —%  |
| Ratio of net investment income (loss) to average net assets | (0.51)% | (0.42)% | &nbsp;&nbsp;&nbsp; (0.11)%  |
| Portfolio turnover rate | 73% | 52% | &nbsp;&nbsp;&nbsp; 20% |

---

<sup>(a)</sup> Inception date of the Fund was July 31, 2023.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the years.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the years.

<sup>(d)</sup> Amount represents less than 0.005%. 

The accompanying notes are an integral part of these financial statements.

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Rockefeller US Small Cap Core Fund

Financial Highlights

Class I

 **Per Share Data:**<br>

---

| | | | |
|:---|:---|:---|:---|
|  | **Year Ended November 30,** | **Year Ended November 30,** | **Period Ended** <br>**November 30,** <br>**2023<sup>(a)</sup>**  |
|  | **2025** | **2024**  | **Period Ended** <br>**November 30,** <br>**2023<sup>(a)</sup>**  |
| **Net asset value, beginning of year** | $12.72 | $9.57 | &nbsp;&nbsp; $10.00  |
| **Investment operations:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss)<sup>(b)</sup> | (0.03) | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| &nbsp;&nbsp;&nbsp; Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | (0.34) | 3.18 | &nbsp;&nbsp; (0.44)  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total from investment operations** | **(0.37)** | 3.16 | &nbsp;&nbsp; **(0.43)**  |
| **Less distributions from:** |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income | (0.00)<sup>(d)</sup> | (0.01) | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Net realized gains | (0.45) |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total distributions** | **(0.45)** | **(0.01)** | &nbsp;&nbsp; **—**  |
| **Net asset value, end of year** | $11.90 | $12.72 | &nbsp;&nbsp; $9.57  |
| **Total return** | **-2.77%** | **33.01%** | &nbsp;&nbsp; **-4.30%**  |
| **Supplemental data and ratios:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of year (in thousands) | $97443 | $111863 | &nbsp;&nbsp; $61548  |
| **Ratio of expenses to average net assets:**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment | 1.19% | 1.28% | &nbsp;&nbsp; 1.55%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment | 1.05% | 0.99% | &nbsp;&nbsp; 0.95%  |
| Ratio of interest and borrowing expense to average net assets | 0.00%<sup>(d)</sup> | —% | &nbsp;&nbsp; —%  |
| Ratio of net investment income (loss) to average net assets | (0.26)% | (0.16)% | &nbsp;&nbsp; 0.17%  |
| Portfolio turnover rate | 73% | 52% | &nbsp;&nbsp; 20% |

---

<sup>(a)</sup> Inception date of the Fund was July 31, 2023.

<sup>(b)</sup> Net investment income per share has been calculated based on average shares outstanding during the years.

<sup>(c)</sup> Realized and unrealized gains and losses per share in the caption are balancing amounts necessary to reconcile the change in net asset value per share for the years, and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the years.

<sup>(d)</sup> Amount represents less than 0.005%. 

The accompanying notes are an integral part of these financial statements.

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Rockefeller Funds

Notes to Financial Statements

November 30, 2025

(1) Organization

Trust for Professional Managers (the "Trust") was organized as a Delaware statutory trust under a Declaration of Trust dated May 29, 2001. The Trust is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end management investment company. The Rockefeller Funds (the "Funds") are comprised of the Rockefeller Climate Solutions Fund that commenced operations on July 21, 2021, and the Rockefeller US Small Cap Core Fund that commenced operations July 31, 2023. Each represents a distinct diversified series with its own investment objective and policies within the Trust.

Effective July 21, 2021, the Rockefeller Climate Solutions Fund, LP. (formerly, the Rockefeller Ocean Fund, L.P.) (the "Predecessor Fund") was reorganized into the Rockefeller Climate Solutions Fund, a series of the Trust, by transferring all of the Predecessor Fund's assets to the Fund in exchange solely for Institutional Class shares of the Fund. The Fund's investment adviser, portfolio managers, investment objective, strategies, policies, guidelines and restrictions are, in all material respects, the same as those of the Predecessor Fund.

The investment objective of the Rockefeller Climate Solutions Fund is to seek long-term growth of capital principally through equity investments in public companies across the market capitalization spectrum offering climate change mitigation or adaptation products and services. The investment objective of the Rockefeller US Small Cap Core Fund is to seek long-term capital appreciation principally through equity investments in U.S. small capitalization companies. The Trust may issue an unlimited number of shares of beneficial interest at $0.001 par value. Costs incurred by the Funds in connection with the organization, registration and initial public offering of shares were borne by Rockefeller & Co. LLC (the "Adviser"). Rockefeller Asset Management is a division of the Adviser.

(2) Significant Accounting Policies

The following is a summary of significant accounting policies consistently followed by the Funds in the preparation of the financial statements. These policies are in conformity with accounting principles generally accepted in the United States of America ("GAAP").

The Funds are investment companies and accordingly follow the investment company accounting reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standard Codification Topic 946 "Financial Services Investment Companies".

(a) Investment Valuation. Each equity security owned by the Funds that is listed on a securities exchange, except for securities listed on the NASDAQ Stock Market LLC ("NASDAQ"), is valued at its last sale price at the close of that exchange on the date as of which assets are valued. If a security is listed on more than one exchange, the Funds will use the price on the exchange that the Funds generally consider to be the principal exchange on which the security is traded.

Fund securities, including common stocks and preferred stocks, listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If, on a particular day, an exchange-listed or NASDAQ security does not trade, then: (i) the security is valued at the mean between the most recent quoted bid and asked prices at the close of the exchange on such day; or (ii) the security is valued at the latest sales price on the Composite Market for the day such security is being valued. "Composite Market" means a consolidation of the trade information provided by national securities and foreign exchanges and the over-the-counter markets as published by an approved independent pricing service ("Pricing Service"). Redeemable securities issued by open-end, registered investment companies, including money market funds, 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.

Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time each 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 using the applicable currency exchange rates as of the close of the New York Stock Exchange ("NYSE"), generally 4:00 p.m. Eastern Time.

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

Foreign securities are traded on foreign exchanges which typically close before the close of business on each day on which the NYSE is open. Each security trading on these exchanges may be valued utilizing a systematic fair valuation model provided by a pricing service. The valuation of each security that meets certain criteria in relation to the valuation model is systematically adjusted to reflect the impact of movement in the U.S. market after the foreign markets close and are classified as Level 2 securities. Securities that do not meet the criteria, or that are principally traded in other foreign markets, are valued as of the last reported sale price at the time the respective Fund determines its NAV, or when reliable market prices or quotations are not readily available, at the mean between the most recent bid and asked quotations as of the close of the appropriate exchange or other designated time.

Debt securities, including short-term debt instruments having a maturity of 60 days or less, are generally valued at the mean in accordance with prices provided by a Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a Pricing Service, the most recent quotation obtained from one or more broker dealers known to follow the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. In the absence of available quotations, the securities will be priced at fair value, as described below.

When market quotations are not readily available, any security or other asset is valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under the Adviser's fair value pricing procedures, subject to oversight by the Board of Trustees. These fair value pricing procedures will also be used to price a security when corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may not reflect its actual fair market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are accurately priced. The Adviser 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.

The Funds have adopted FASB Accounting Standards Codification Topic 820, "Fair Value Measurements and Disclosures," which requires each Fund to classify its securities based on a valuation method. These inputs are summarized in the three broad levels listed below:

&nbsp;&nbsp;&nbsp;&nbsp;• Level 1 – Quoted prices
 in active markets for identical securities.

&nbsp;&nbsp;&nbsp;&nbsp;• Level 2 – Other significant
 observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

&nbsp;&nbsp;&nbsp;&nbsp;• Level 3 – Significant
 unobservable inputs (including the Funds' own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the Funds' investments carried at fair value as of November 30, 2025:

**Rockefeller Climate Solutions Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:** |  |  |  |  |
| **Equities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $60209718 | $20811059 | $— | $81020777  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 586861 |  |  | 586861  |
| **Total Investments in Securities** | **$60796579** | **$20811059** | **$—** | **$81607638** |

---

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

**Rockefeller US Small Cap Core Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:** |  |  |  |  |
| **Equities:** |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Common Stocks | $93755159 | $— | $— | $93755159  |
| &nbsp;&nbsp;&nbsp; Money Market Funds | 3773668 |  |  | 3773668  |
| **Total Investments in Securities** | **$97528827** | **$—** | **$—** | **$97528827** |

---

<sup>(1)</sup> See the Schedule of Investments for industry classifications.

The Funds held no Level 3 securities during the year ended November 30, 2025.

The Funds did not invest in derivative securities or engage in hedging activities during the year ended November 30, 2025.

(b) Federal Income Taxes. The Funds comply with the requirements of Subchapter M of the Internal Revenue Code of 1986, as amended the ("Code"), necessary to qualify as a regulated investment company and make the requisite distributions of income and capital gains to shareholders sufficient to relieve them from all or substantially all federal income taxes. Therefore, no federal income tax provision has been provided.

(c) Distributions to Shareholders. The Funds will distribute net investment income (less operation expenses) and net capital gains at least annually. Distributions from net realized gains for book purposes may include short-term capital gains. All short-term capital gains are included in ordinary income for tax purposes. Distributions to shareholders are recorded on the ex-dividend date. The Funds may also pay a special distribution at the end of the calendar year to comply with federal tax requirements.

The amounts of dividends from net investment income and distributions from net realized gains are determined in accordance with federal income tax regulations, which may differ from GAAP. These differences are either temporary or permanent in nature. To the extent these differences are permanent in nature, such amounts are reclassified within the composition of net assets based on their federal tax-basis treatment.

(d) Use of Estimates. The preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results could differ from those estimates.

(e) Share Valuation. The NAV per share of each Fund is calculated by dividing the sum of the value of the securities held by the Fund, plus cash or other assets, minus all liabilities (including estimated accrued expenses) by the total number of shares outstanding, rounded to the nearest cent. The Funds' shares will not be priced on the days on which the NYSE is closed for trading. The offering and redemption price per share for the Funds is equal to each Fund's NAV per share.

(f) Expenses. Expenses associated with a specific fund in the Trust are charged to that fund. Expenses are recognized on an accrual basis. Common expenses are typically allocated evenly between the series of the Trust, or by other equitable means.

(g) Other. Investment transactions are recorded on the trade date. The Funds determine the gain or loss from investment transactions on a high amortized cost basis. Dividend income is recognized on the ex-dividend date and interest income is recognized on an accrual basis. Distributions received from the Funds' investments in REITs are comprised of ordinary income, capital gains and return of capital, as applicable. For financial statement purposes, the Funds use estimates to characterize these distributions received as return of capital, capital gain or ordinary income. Such estimates are based on historical information available from each REIT and other industry sources. These estimates may subsequently be revised based on information received for the security after the tax reporting periods are concluded, as the actual character of these distributions is not known until after the fiscal year end of the Funds. Changes to estimates will be recorded in the period they are known. The distributions received from REIT securities that have been classified as income and capital gains are included in dividend income and net realized gain on

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

investments, respectively, on the Statement of Operations. The distributions received that are classified as return of capital reduced the cost of investments on the Statement of Assets and Liabilities. Any discount or premium is accreted or amortized using the constant yield method until maturity, or where applicable, the first call date of the security. Constant yield amortization takes into account the income that is produced on a debt security. This accretion/amortization type utilizes the discount rate used in computing the present value of all future principal and interest payments made by a debt instrument and produces an amount equal to the cost of the debt instrument.

(h) Segment Reporting. Management has evaluated the impact of adopting ASU 2023-07, Segment Reporting (Topic 280): Improvements to Reportable Segment Disclosures with respect to the financial statements and disclosures and determined there is no material impact for the Funds. Each Fund operates as a single segment entity. Each Fund's income, expenses, assets, and performance are regularly monitored and assessed by the Principal Executive Officer of the Adviser, who serves as the chief operating decision maker, using the information presented in the financial statements and financial highlights.

(3) Federal Tax Matters

The tax character of distributions paid during the fiscal years ended November 30, 2025 and November 30, 2024 were as follows:

**Rockefeller Climate Solutions Fund** 

---

| | | |
|:---|:---|:---|
|  | **11/30/2025** | **11/30/2024**  |
| **Distributions paid from:** |  |  |
| &nbsp;&nbsp;&nbsp; Ordinary Income | $201209 | $382243  |
| &nbsp;&nbsp;&nbsp; Long-Term Capital Gains | 2010128 | —  |
| **Total Distributions Paid** | **$2211337** | **$382243** |

---

**Rockefeller US Small Cap Core Fund** 

---

| | | |
|:---|:---|:---|
|  | **11/30/2025** | **11/30/2024**  |
| **Distributions paid from:** |  |  |
| &nbsp;&nbsp;&nbsp; Ordinary Income | $3226641 | $46262  |
| &nbsp;&nbsp;&nbsp; Long-Term Capital Gains | 820136 | —  |
| **Total Distributions Paid** | **$4046777** | **$46262** |

---

As of November 30, 2025, the components of accumulated earnings (losses) for income tax purposes were as follows:

---

| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate** <br>**Solutions Fund** | **Rockefeller** <br>**US Small Cap** <br>**Core Fund**  |
| Cost basis of investments for federal income tax purposes | $55104674 | $88258420 |
| Gross tax unrealized appreciation | 30078397 | 17406279 |
| Gross tax unrealized depreciation | (3572645) | (8135872) |
| Net tax unrealized appreciation | 26505752 | 9270407 |
| Undistributed ordinary income | 538200 | 2884473 |
| Undistributed capital gains | 5185727 | 2345924 |
| Total other accumulated loss |  |  |
| **Total distributable earnings** | **$32229679** | **$14500804** |

---

The difference between cost amounts for financial statement and federal income tax purposes is due to wash sale adjustments and timing differences in recognizing certain gains and losses in security transactions.

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

As of November 30, 2025, the Funds did not have any capital loss carryovers.

As of November 30, 2025, the tax years that remain open to examination by major tax jurisdictions include tax years ended November 30, 2023 through November 30, 2025. The Funds are also not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will significantly change in the next year. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statement of Operations. During the year, the Funds did not incur any interest or penalties, nor were any accrued as of November 30, 2025.

GAAP requires that certain components of net assets relating to permanent differences be reclassified between financial and tax reporting. These reclassifications have no effect on net assets or NAV per share. For the year ended November 30, 2025, the following reclassifications were made for permanent tax differences on the Statement of Assets and Liabilities.

---

| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate** <br>**Solutions Fund** | **Rockefeller** <br>**US Small Cap** <br>**Core Fund**  |
| Total Distributable Earnings/(Losses) | $— | $—  |
| Paid-In Capital |  |  |

---

(4) Investment Adviser

The Trust has an Investment Advisory Agreement (the "Agreement") with the Adviser to furnish investment advisory services to the Funds. Under the terms of the Agreement, each Fund compensates the Adviser for its management services at the annual rate of 0.85% of the average daily net assets of each Fund.

The Adviser has contractually agreed to waive its management fee and/or reimburse a Fund's other expenses through the expiration date listed below to the extent necessary to ensure that such Fund's total annual operating expenses do not exceed the Fund's Expense Limitation Cap, listed below, of the Fund's average daily net assets.

---

| | | |
|:---|:---|:---|
|  | **Expense** <br>**Limitation Cap** | **Expiration Date**  |
| Rockefeller Climate Solutions Fund | 0.99% | March 31, 2027  |
| Rockefeller US Small Cap Core Fund | 1.05% | March 31, 2027\* |

---

\* Prior to August 1, 2024, the Fund's expense limitation cap was 0.95%. 

Any such waiver or reimbursement is subject to later adjustment to allow the Adviser to recover amounts waived or reimbursed to the extent actual fees and expenses for a fiscal period do not exceed the lesser of: (1) the Expense Limitation Cap in place at the time of the waiver and/or reimbursement; or (2) the Expense Limitation Cap in place at the time of recovery; provided, however, that the Adviser shall only be entitled to recover such amounts for a period of up to three years from the date such amount was waived or reimbursed.

The following table shows the remaining waived or reimbursed expenses subject to potential recovery expiring by:

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| | | |
|:---|:---|:---|
|  | **Rockefeller** <br>**Climate** <br>**Solutions Fund** | **Rockefeller** <br>**US Small Cap** <br>**Core Fund**  |
| November 30, 2026 | $260048 | $115968  |
| November 30, 2027 | $322534 | $251810  |
| November 30, 2028 | $300061 | $143163 |

---

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

(5) Related Party Transactions

U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services" or the "Administrator"), acts as the Funds' Administrator under an Administration Agreement. The Administrator prepares various federal and state regulatory filings, reports and returns for the Funds; prepares reports and materials to be supplied to the Trustees; monitors the activities of the Funds' custodian, transfer agent and accountant; coordinates the preparation and payment of the Funds' expenses; and reviews the Funds' expense accruals. Fund Services also serves as the fund accountant and transfer agent to the Funds. U.S. Bank National Association ("US Bank"), an affiliate of Fund Services, serves as the Funds' custodian. The Trust's Chief Compliance Officer is also an employee of Fund Services. Fees and expenses incurred for the year ended November 30, 2025, and owed as of November 30, 2025, are included in the Statement of Operations and Statement of Assets and Liabilities, respectively.

Each Fund has a line of credit with US Bank (see Note 8).

Certain officers of the Funds are also employees of Fund Services.

(6) Distribution Plan

The Trust has adopted a Distribution Plan pursuant to Rule 12b-1 under the 1940 Act (the "12b-1 Plan"), on behalf of the Class A shares of the Funds which authorizes the Trust, on behalf of each Fund, to pay Quasar Distributors, LLC (the "Distributor"), the Funds' principal distributor, a distribution fee of 0.25% of the Funds' average daily net assets of each Fund's Class A shares. During the year ended November 30, 2025, the Class A shares incurred fees pursuant to the 12b-1 Plan of $517 for the Rockefeller Climate Solutions Fund and $448 for the Rockefeller US Small Cap Core Fund.

(7) Investment Transactions

The aggregate securities transactions, excluding short-term investments for the Funds for the year ended November 30, 2025 are listed below.

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Purchases** | **Sales** | **U.S.** <br>**Government** <br>**Securities** <br>**Purchases** | **U.S.** <br>**Government** <br>**Securities** <br>**Sales**  |
| Rockefeller Climate Solutions Fund | $22793756 | $41372820 | $— | $—  |
| Rockefeller US Small Cap Core Fund | $73024576 | $83633212 | $— | $— |

---

(8) Line of Credit

As of November 30, 2025, the Rockefeller Climate Solutions Fund and Rockefeller US Small Cap Core Fund each had a line of credit in the amount of $10,000,000 and $8,000,000, respectively, which will mature on August 1, 2026. The secured lines of credit are intended to provide short-term financing, if necessary, and subject to certain restrictions, in connection with shareholder redemptions. The credit facilities are with the Funds' custodian, US Bank. Interest will accrue at the prime rate, which was 7.00% as of November 30, 2025. The following table provides information regarding usage of the lines of credit for the year ended November 30, 2025. The Funds did not have an outstanding balance on the line of credit as of November 30, 2025.

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Days** <br>**Utilized** | **Average** <br>**Amount of** <br>**Borrowing** | **Average**<br>**Borrowing**<br>**Rate** | **Interest** <br>**Expense** | **Maximum** <br>**Amount of** <br>**Borrowing** | **Date of** <br>**Maximum** <br>**Borrowing**  |
| Rockefeller Climate Solutions Fund | 13 | $1734462 | &nbsp;&nbsp;&nbsp; 7.12% | $4457 | $10000000 | 11/5/2025  |
| Rockefeller US Small Cap Core Fund | 6 | $3246833 | &nbsp;&nbsp;&nbsp; 7.41% | $4010 | $6988000 | 9/25/2025 |

---

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Rockefeller Funds

Notes to Financial Statements(Cont'd)

November 30, 2025

(9) Beneficial Ownership

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a fund creates a presumption of control of a fund, under Section 2(a)(9) of the 1940 Act. At November 30, 2025, each Fund's percentages of control ownership positions greater than 25% are as follows:

---

| | | |
|:---|:---|:---|
| **Fund** | **Shareholder** | **Percent of** <br>**Shares Held** |
|  | Pleiades Trust | 42.35% |
| Climate Solutions Fund | National Financial Services LLC | 39.68% |
| U.S. Small Cap Core Fund | National Financial Services LLC | 99.77% |

---

(10) Recent Market Events

U.S. and international markets have experienced and may continue to experience significant periods of volatility in recent years and months due to a number of economic, political and global macro factors including uncertainty regarding inflation and central banks' interest rate changes, the possibility of a national or global recession, trade tensions and tariffs, political events, and geopolitical conflicts. As a result of continuing political tensions and armed conflicts, including the wars in Europe and the Middle East, markets have experienced increased volatility. These developments, as well as other events, could result in further market volatility and negatively affect financial asset prices, the liquidity of certain securities and the normal operations of securities exchanges and other markets, despite government efforts to address market disruptions. Continuing market volatility as a result of recent market conditions or other events may have adverse effects on the performance of the Funds.

(11) New Accounting Pronouncement

In December 2023, the FASB issued ASU 2023-09 Income Taxes (Topic 740): Improvements to Income Tax Disclosures. Effective for annual periods beginning after December 15, 2024, the amendments require greater disaggregation of disclosures related to income taxes paid. The ASU allows for early adoption and amendments should be applied on a prospective basis. Management is currently evaluating the impact of the ASU but does not expect this guidance to materially impact the financial statements.

(12) Subsequent Events

The Funds have evaluated events and transactions that have occurred subsequent to November 30, 2025 through the date the financial statements were issued and determined there were no subsequent events that would require recognition or disclosure within the financial statements other than as described below.

On December 19, 2025, the Funds declared and paid distributions to shareholders of record as of December 18, 2025, as follows:

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| | | | |
|:---|:---|:---|:---|
|  | **Ordinary** <br>**Income** | **Short-Term** <br>**Capital Gains** | **Long-Term** <br>**Capital Gains**  |
| Rockefeller Climate Solutions Fund – Class A | $— | $1457 | $14318  |
| Rockefeller Climate Solutions Fund – Institutional Class | $22161 | $526204 | $5171413  |
| Rockefeller US Small Cap Core Fund – Class A | $62 | $4685 | $3810  |
| Rockefeller US Small Cap Core Fund – Class I | $38248 | $2879848 | $2342179 |

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Rockefeller Funds

Report of Independent Registered Public Accounting Firm

November 30, 2025

To the Shareholders of Rockefeller Funds and

Board of Trustees of Trust for Professional Managers

<u>Opinion on the Financial Statements</u>

We have audited the accompanying statements of assets and liabilities, including the schedules of investments, of Rockefeller Climate Solutions Fund and Rockefeller US Small Cap Core Fund (the "Funds"), each a series of Trust for Professional Managers, as of November 30, 2025, the related statements of operations and the statements of changes in net assets, and the financial highlights for the year then ended, and the related notes (collectively referred to as the "financial statements"). In our opinion, the financial statements present fairly, in all material respects, the financial position of each of the Funds as of November 30, 2025, the results of their operations, the changes in net assets, and the financial highlights for the year then ended, in conformity with accounting principles generally accepted in the United States of America.

The Funds' financial statements and financial highlights for the year ended November 30, 2024 and prior, were audited by other auditors whose report dated January 28, 2025, expressed an unqualified opinion on those financial statements and financial highlights.

<u>Basis for Opinion</u>

These financial statements are the responsibility of the Funds' management. Our responsibility is to express an opinion on the Funds' financial statements based on our audit. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audit in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement whether due to error or fraud.

Our audit included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our procedures included confirmation of securities owned as of November 30, 2025, by correspondence with the custodian. Our audit also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides a reasonable basis for our opinion.

We have served as the auditor of one or more Rockefeller & Co. LLC investment companies since 2024.

![](21612_cohen_signature.jpg)

COHEN & COMPANY, LTD.

Milwaukee, Wisconsin

January 27, 2026

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Rockefeller Funds

Additional Information (Unaudited)

**<u>THE BELOW INFORMATION IS REQUIRED DISCLOSURE FOR FORM N-CSR</u>** 

**ITEM 8. Changes in and Disagreements with Accountants for Open-End Investment Companies** 

Effective February 11, 2025, Deloitte & Touche LLP ("Deloitte") ceased to serve as the independent registered public accounting firm of the Funds, each a series of the Registrant. The Board of Trustees of the Registrant (the "Board"), and the Audit Committee of the Board, approved Cohen & Company, Ltd. ("Cohen & Co") to serve as the new independent registered public accounting firm of the Funds for the fiscal year ended November 30, 2025.

Deloitte's report on the financial statements of the Funds for the fiscal years ended November 30, 2023 and November 30, 2024, contained no adverse opinion or disclaimer of opinion, nor was it qualified or modified as to uncertainty, audit scope or accounting principles. During the fiscal years ended November 30, 2023 and November 30, 2024 and the subsequent interim period through February 11, 2025 (the "Interim Period"), there have been no disagreements between the Trust and Deloitte on any matter of accounting principles or practices, financial statement disclosure, or auditing scope or procedure, which disagreements, if not resolved to the satisfaction of Deloitte, would have caused them to make reference thereto in their reports on the financial statements for such years.

During the fiscal years ended November 30, 2023 and November 30, 2024, and during the Interim Period, neither the Registrant nor anyone acting on its behalf consulted with Cohen & Co on behalf of the Funds on items that concerned the application of accounting principles to a specified transaction (either completed or proposed), the type of audit opinion that might be rendered on the Funds' financial statements, or any matter that was either (i) the subject of a disagreement (as defined in Item 304(a)(1)(iv) under Regulation S-K and related instructions) or (ii) a reportable event (as described in Item 304(a)(1)(v) under Regulation S-K).

The Registrant has requested that Deloitte furnish it with a letter addressed to the U.S. Securities and Exchange Commission stating whether or not it agrees with the above statements. A copy of such letter, dated August 5, 2025, was included as Attachment A to Exhibit 19(a)(5) on Form N-CSR filed on August 8, 2025.

**ITEM 9. Proxy Disclosure for Open-End Investment Companies**

There were no matters submitted to a vote of shareholders during the period covered by this report.

**ITEM 10. Remuneration Paid to Directors, Officers and Others of Open-End Investment Companies** 

Information regarding remuneration paid by the Funds is disclosed within the financial statements.

**ITEM 11. Statement Regarding Basis for Approval of Investment Advisory Contract** 

**<u>BASIS FOR TRUSTEES' APPROVAL OF INVESTMENT ADVISORY AGREEMENT</u>**

The Board of Trustees (the "Trustees") of Trust for Professional Managers (the "Trust") met on August 27, 2025 to consider the renewal of the Investment Advisory Agreement (the "Agreement") between the Trust, on behalf of the Rockefeller Climate Solutions Fund and the Rockefeller US Small Cap Core Fund (each, a "Fund," and together, the "Funds"), each series of the Trust, and Rockefeller & Co. LLC ("Rockefeller"), the Funds' investment adviser (the "Adviser"). The Trustees also met at a prior meeting held on June 18, 2025 (the "June 18, 2025 meeting") to review materials related to the renewal of the Agreement. Prior to these meetings, the Trustees requested and received materials to assist them in considering the renewal of the Agreement. The materials provided contained information with respect to the factors enumerated below, including a copy of the Agreement, a memorandum prepared by the Trust's outside legal counsel discussing in detail the Trustees' fiduciary obligations and the factors they should assess in considering the renewal of the Agreement, detailed comparative information relating to the Funds' performance, as well as the management fees and other expenses of the Funds, due diligence materials relating to the Adviser (including a due diligence questionnaire completed on behalf of the Funds by the Adviser, the Adviser's Form ADV, select financial statements of the Adviser, biographical information of the Adviser's key management and compliance personnel, comparative fee information for the Funds and the Adviser's other separately-managed accounts and a summary detailing key provisions of the Adviser's written compliance program, including its code of ethics) and other pertinent information. The Trustees also received information periodically throughout the year that was relevant to the Agreement renewal process, including performance, management fee and other expense information. Based on their evaluation of the information provided by the Adviser, in conjunction with the Funds' other service providers, the

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Rockefeller Funds

Additional Information (Unaudited)(Cont'd)

Trustees, by a unanimous vote (including a separate vote of the Trustees who are not "interested persons," as that term is defined in the Investment Company Act of 1940, as amended (the "Independent Trustees")), approved the continuation of the Agreement for an additional one-year term ending August 31, 2026.

**DISCUSSION OF FACTORS CONSIDERED**

In considering the renewal of the Agreement and reaching their conclusions, the Trustees reviewed and analyzed various factors that they determined were relevant, including the factors enumerated below.

1. NATURE, EXTENT AND QUALITY OF SERVICES PROVIDED TO THE FUNDS

The Trustees considered the nature, extent and quality of services provided by the Adviser to the Funds and the amount of time devoted to the Funds' operations by the Adviser's staff. The Trustees considered the Adviser's specific responsibilities in all aspects of day-to-day management of the Funds, including the investment strategies implemented by the Adviser, as well as the qualifications, experience and responsibilities of Rolando F. Morillo and Jose Garza, the Rockefeller Climate Solutions Fund's portfolio managers, and Jason Kotik and Tim Skiendzielewski, the Rockefeller US Small Cap Core Fund's portfolio managers, and other key personnel at the Adviser involved in the day-to-day activities of the Funds. The Trustees reviewed information provided by the Adviser in a due diligence questionnaire, including the structure of the Adviser's compliance program and its continuing commitment to the Funds. The Trustees noted that during the course of the prior year the Adviser had participated in a Trust board meeting to discuss the Funds' performance and outlook, along with the compliance efforts made by the Adviser, including reports provided by the Adviser in its role as the Funds' valuation designee. The Trustees also noted any services that extended beyond portfolio management, and they considered the brokerage practices of the Adviser. The Trustees discussed the Adviser's handling of compliance matters, including the reports of the Trust's chief compliance officer to the Trustees on the effectiveness of the Adviser's compliance program. The Trustees also considered the Adviser's overall financial condition, as well as the implementation and operational effectiveness of the Adviser's business continuity plan. The Trustees concluded that the Adviser had sufficient quality and depth of personnel, resources, investment methods and compliance policies and procedures essential to performing its duties under the Advisory Agreement and that the nature, overall quality and extent of the management services provided to the Funds, as well as the Adviser's compliance program, were satisfactory and reliable.

2. INVESTMENT PERFORMANCE OF THE FUNDS AND THE ADVISER

The Trustees discussed the performance of the Institutional Class shares of the Rockefeller Climate Solutions Fund and the Class I shares of the Rockefeller US Small Cap Core Fund for the quarter, one-year, three-year and since inception periods ended March 31, 2025, as applicable. In assessing the quality of the portfolio management services delivered by the Adviser, the Trustees also compared the short-term and longer-term performance of the Institutional Class shares of the Rockefeller Climate Solutions Fund and the Class I shares of the Rockefeller US Small Cap Core Fund on both an absolute basis and in comparison to a benchmark index (the MSCI All Country World Index (Net) for the Rockefeller Climate Solutions Fund and the Russell 2000 Total Return Index for the Rockefeller US Small Cap Core Fund) and in comparison to a peer group of funds as constructed using publicly-available data provided by Morningstar, Inc. and presented by Barrington Financial Group, LLC d/b/a Barrington Partners, an independent third-party benchmarking firm, through its cohort selection process (a peer group of U.S. open-end global small/mid-cap stock, global large-cap stock blend and global large-cap stock growth funds for the Rockefeller Climate Solutions Fund and a peer group of U.S. open-end small-cap blend funds for the Rockefeller US Small Cap Core Fund) (each, a "Barrington Cohort"). The Trustees also reviewed information on the historical performance of other separately-managed accounts of the Adviser with the same or similar investment strategies as each Fund.

The Trustees noted the Rockefeller Climate Solutions Fund's Institutional Class shares performance for the one-year and three-year periods ended March 31, 2025 was above the Barrington Cohort average. The Trustees noted that for the quarter, one-year, three-year and since inception periods ended March 31, 2025, the Rockefeller Climate Solutions Fund's Institutional Class shares had underperformed the MSCI All Country World Index. The Trustees further noted that the Adviser considered the performance dispersion between the performance of the Rockefeller Climate Solutions Fund's Institutional Class shares and the performance of the comparable separately-managed account composite to be within an acceptable range during the relevant time periods.

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Rockefeller Funds

Additional Information (Unaudited)(Cont'd)

The Trustees noted the performance of the Class I shares of the Rockefeller US Small Cap Core Fund for the one-year period ended March 31, 2025 was above the Barrington Cohort average. The Trustees also noted that for the quarter ended March 31, 2025, the performance for the Rockefeller US Small Cap Core Fund's Class I shares was in-line with the Russell 2000 Total Return Index. The Trustees noted that for the one-year and since inception periods ended March 31, 2025, the Rockefeller US Small Cap Core Fund's Class I shares had outperformed the Russell 2000 Total Return Index. The Trustees further noted that the Adviser considered the performance dispersion between the performance of the Rockefeller US Small Cap Core Fund's Class I shares and the performance of the comparable separately-managed account composite to be within an acceptable range during the relevant time periods.

After considering all of the information, the Trustees concluded that the performance obtained by the Adviser for the Funds was satisfactory under current market conditions. Although past performance is not a guarantee or indication of future results, the Trustees determined that each Fund and its shareholders were likely to benefit from the Adviser's continued management.

3. COSTS OF SERVICES PROVIDED AND PROFITS REALIZED BY THE ADVISER

The Trustees considered the cost of services and the structure of the Adviser's fees, including a review of the expense analyses and other pertinent material with respect to each Fund. The Trustees reviewed the related statistical information and other materials provided, including the comparative expenses and Barrington Cohort comparisons. The Trustees considered the cost structure of the Funds relative to the Barrington Cohort and the Adviser's separately-managed accounts with the same or similar investment strategies as each Fund, as well as any fee waivers and expense reimbursements of the Adviser.

The Trustees also considered the overall profitability of the Adviser and reviewed the Adviser's financial information and noted that the Adviser has subsidized each Fund's operations since the Fund's inception. The Trustees also examined the level of profits that could be expected to accrue to the Adviser from the fees payable under the Advisory Agreement, as well as the Funds' brokerage practices and use of soft dollars by the Adviser. These considerations were based on materials requested by the Trustees and the Funds' administrator specifically for the June 18, 2025 meeting and the August 27, 2025 meeting at which the Advisory Agreement was formally considered, as well as the reports prepared by the Adviser over the course of the year.

The Trustees noted that the Rockefeller Climate Solutions Fund's contractual management fee of 0.85% was above the Barrington Cohort average of 0.73%. The Trustees noted that the Rockefeller Climate Solutions Fund was operating with a gross expense ratio above its expense cap of 0.99% for Institutional Class shares. The Trustees observed that the Rockefeller Climate Solutions Fund's total expense ratio (net of fee waivers and expense reimbursements) of 0.99% for Institutional Class shares was above the Barrington Cohort average of 0.94%. The Trustees also compared the fees paid by the Rockefeller Climate Solutions Fund to the fees paid by separately-managed accounts of the Adviser that are managed by the Adviser with similar investment strategies.

The Trustees noted that the Rockefeller US Small Cap Core Fund's contractual management fee of 0.85% was above the Barrington Cohort average of 0.79%. The Trustees noted that the Rockefeller US Small Cap Core Fund was operating with a gross expense ratio above its expense cap of 1.05% for Class I shares. The Trustees observed that the Rockefeller US Small Cap Core Fund's total expense ratio (net of fee waivers and expense reimbursements) of 1.05% for Class I shares was above the Barrington Cohort average of 0.96%. The Trustees also compared the fees paid by the Rockefeller US Small Cap Core Fund to the fees paid by separately-managed accounts of the Adviser that are managed by the Adviser with similar investment strategies.

The Trustees concluded that each Fund's expenses and the management fees paid to the Adviser were fair and reasonable in light of the comparative performance, expense and management fee information. The Trustees noted, based on a profitability analysis prepared by the Adviser, that the Adviser's profits from sponsoring each of the Funds was not excessive, and the Trustees further concluded that the Adviser maintained adequate profit levels to support its services to each Fund from the revenues of its overall investment advisory business, despite subsidizing each Fund's operations.

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Rockefeller Funds

Additional Information (Unaudited)(Cont'd)

4. EXTENT OF ECONOMIES OF SCALE AS THE FUNDS GROW

The Trustees compared each Fund's expenses relative to its peer group and discussed realized and potential economies of scale. The Trustees also reviewed the structure of each Fund's management fee and whether each Fund was large enough to generate economies of scale for shareholders or whether economies of scale would be expected to be realized as Fund assets grow (and if so, how those economies of scale were being or would be shared with shareholders). The Trustees reviewed all fee waivers, expense reimbursements and potential recoupments by the Adviser with respect to each Fund. The Trustees noted that the Funds' management fee structures did not contain any breakpoint reductions as the Funds' assets grow in size, but that the feasibility of incorporating breakpoints would continue to be reviewed on a regular basis. With respect to the Adviser's fee structure, the Trustees concluded that the current fee structure was reasonable and reflected a sharing of economies of scale between the Adviser and each Fund at each Fund's current asset level.

5. BENEFITS DERIVED FROM THE RELATIONSHIP WITH THE FUNDS

The Trustees considered the direct and indirect benefits that could be received by the Adviser from its association with each Fund. The Trustees examined the brokerage practices of the Adviser with respect to the Funds. The Trustees concluded that the benefits the Adviser may receive, such as greater name recognition and increased ability to obtain research or brokerage services or to attract additional investor assets, appear to be reasonable, and in many cases may benefit the Funds.

**CONCLUSIONS**

The Trustees considered all of the foregoing factors. In considering the renewal of the Advisory Agreement, the Trustees did not identify any one factor as all-important, but rather considered these factors collectively in light of each Fund's surrounding circumstances. Based on this review, the Trustees, all of whom are Independent Trustees, unanimously approved the continuation of the Advisory Agreement for an additional one-year term ending August 31, 2026 as being in the best interests of each Fund and its shareholders.

27<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

Rockefeller Funds

Additional Information (Unaudited)(Cont'd)

**Tax information** 

For the year ended November 30, 2025, certain dividends paid by the Funds may be subject to a maximum tax rate of 23.8%, as provided for by the Jobs and Growth Tax Relief Reconciliation Act of 2003. The percentage of dividends declared from ordinary income designated as qualified dividend income was as follows:

---

| | |
|:---|:---|
| Rockefeller Climate Solutions Fund | 100.00% |
| Rockefeller US Small Cap Core Fund | 16.38% |

---

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year ended November 30, 2025, was as follows:

---

| | |
|:---|:---|
| Rockefeller Climate Solutions Fund | 95.90% |
| Rockefeller US Small Cap Core Fund | 16.38% |

---

For the year ended November 30, 2025, the percentage of taxable ordinary income distributions designated as short-term capital gain distributions under Section 871(k)(2)(c) of the Code for the Funds was as follows:

---

| | |
|:---|:---|
| Rockefeller Climate Solutions Fund  | 0.00%  |
| Rockefeller US Small Cap Core Fund  | 100.00% |

---

28<br>

------

**[**TABLE OF CONTENTS**](#TOC)**

ROCKEFELLER FUNDS

**Investment Adviser**

Rockefeller & Co. LLC

45 Rockefeller Plaza, 5th Floor

New York, New York 10111

**Legal Counsel** 

Godfrey & Kahn, S.C.

833 East Michigan Street

Suite 1800

Milwaukee, Wisconsin 53202

**Independent Registered Public Accounting Firm** 

Cohen & Company, Ltd.

342 North Water Street, Suite 830

Milwaukee, Wisconsin 53202

**Transfer Agent, Fund Accountant and Fund Administrator** 

U.S. Bancorp Fund Services, LLC

615 East Michigan Street

Milwaukee, Wisconsin 53202

**Custodian** 

U.S. Bank National Association

Custody Operations

1555 North River Center Drive

Suite 302

Milwaukee, Wisconsin 53212

**Distributor** 

Quasar Distributors, LLC

190 Middle Street

Suite 301

Portland, Maine, 04101

This report is intended for shareholders of the Funds and may not be used as sales literature unless preceded or

accompanied by a current prospectus.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Financial Highlights are included within the financial statements filed under Item 7(a) of this Form.

**<u>Item 8. Changes in and Disagreements with Accountants for Open-End Investment Companies.</u>**

This information is included within the financial statement filed under item 7(a) of this form.

**<u>Item 9. Proxy Disclosure for Open-End Investment Companies.</u>**

There were no matters submitted to a vote of shareholders during the period covered by this report.

**<u>Item 10. Remuneration Paid to Directors, Officers, and Others of Open-End Investment Companies.</u>**

This information is included within the financial statement filed under item 7(a) of this form.

**<u>Item 11. Statement Regarding Basis for Approval of Investment Advisory Contract.</u>**

This information is included within the financial statements filed under Item 7(a) of this Form.

**<u>Item 12. Disclosure of Proxy Voting Policies and Procedures for Closed-End Management Investment Companies.</u>**

Not applicable to open-end investment companies.

**<u>Item 13. Portfolio Managers of Closed-End Management Investment Companies.</u>**

 

Not applicable to open-end investment companies.

**<u>Item 14. Purchases of Equity Securities by Closed-End Management Investment Company and Affiliated Purchasers.</u>**

Not applicable to open-end investment companies.

**<u>Item 15. Submission of Matters to a Vote of Security Holders.</u>**

There have been no material changes to the procedures by which shareholders may recommend nominees to the registrant's board of trustees.

**<u>Item 16. Controls and Procedures.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;(a) The Registrant's Principal Executive Officer and Principal Financial Officer have reviewed the Registrant's disclosure controls
 and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940 (the "Act")) as of a date within 90 days
 of the filing of this report, as required by Rule 30a-3(b) under the Act and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange
 Act of 1934. Based on their review, such officers have concluded that the disclosure controls and procedures are effective in ensuring
 that information required to be disclosed in this report is appropriately recorded, processed, summarized and reported and made known
 to them by others within the Registrant and by the Registrant's service provider.

&nbsp;&nbsp;&nbsp;&nbsp;(b) There were no changes in the Registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the Act)
 that occurred during the period covered by this report that have materially affected, or are reasonably likely to materially affect, the
 Registrant's internal control over financial reporting.

**<u>Item 17. Disclosure of Securities Lending Activities for Closed-End Management Investment Companies</u>**

Not applicable to open-end investment companies.

**<u>Item 18. Recovery of Erroneously Awarded Compensation.</u>**

Not applicable.

**<u>Item 19. Exhibits.</u>**

&nbsp;&nbsp;&nbsp;&nbsp;*(a)* [(1) *Any code of ethics or amendment thereto, that is the subject of the disclosure required by Item 2, to the extent that the registrant intends to satisfy Item 2 requirements through filing an exhibit.* Incorporated by reference to the Registrant's Form N-CSR filed on February 6, 2019.](https://www.sec.gov/Archives/edgar/data/1141819/000089853119000066/rf-ex99codeeth.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(2) Any policy required by the listing standards adopted pursuant to Rule 10D-1 under the Exchange Act (17 CFR 240.10D-1) by the registered national securities exchange or registered national securities association upon which the registrant's securities are listed.* Not applicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;[*(3) A separate certification for each principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940 (17 CFR 270.30a-2(a)).* Filed herewith.](ram-efp21612_ex99cert.htm)

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(4) Any written solicitation to purchase securities under Rule 23c-1 under the Act sent or given during the period covered by the report by or on behalf of the registrant to 10 or more persons.* Not applicable.

 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;*(5) Change in the registrant's independent public accountant. Provide the information called for by Item 4 of Form 8-K under the Exchange Act (17 CFR 249.308). Unless otherwise specified by Item 4, or related to and necessary for a complete understanding of information not previously disclosed, the information should relate to events occurring during the reporting period. Not applicable.*

 

&nbsp;&nbsp;&nbsp;&nbsp;*(b)* [*Certifications pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.* Furnished herewith.](ram-efp21612_ex99906cert.htm)

**SIGNATURES**

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant) Trust
 for Professional Managers

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Jennifer Lima |
|  | Jennifer Lima, Principal Executive Officer |

---

Date <u>2/4/2026</u>

&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Jennifer Lima |
|  | Jennifer Lima, Principal Executive Officer |

---

Date <u>2/4/2026</u>

---

| | |
|:---|:---|
| By (Signature and Title)\* | /s/ Kelly Strauss |
|  | Kelly Strauss, Principal Financial Officer |

---

Date <u>2/4/2026</u>

*\* Print the name and title of each signing officer under his or her signature.*

## Ex-99.Cert

**EX.99.CERT**

**<u>CERTIFICATIONS</u>**

I, Jennifer Lima, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Trust for Professional Managers;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined
in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report
based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee
of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 2/4/2026 | /s/ Jennifer Lima |
|  |  | Jennifer Lima,<br> Principal Executive Officer |

---

**<u>CERTIFICATIONS</u>**

I, Kelly Strauss, certify that:

&nbsp;&nbsp;&nbsp;&nbsp;1. I have reviewed this report on Form N-CSR of Trust for Professional Managers;

&nbsp;&nbsp;&nbsp;&nbsp;2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period
covered by this report;

&nbsp;&nbsp;&nbsp;&nbsp;3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material
respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

&nbsp;&nbsp;&nbsp;&nbsp;4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined
in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others
within those entities, particularly during the period in which this report is being prepared;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements
for external purposes in accordance with generally accepted accounting principles;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions
about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report
based on such evaluation; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period
covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control
over financial reporting; and

&nbsp;&nbsp;&nbsp;&nbsp;5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee
of the registrant's board of directors (or persons performing the equivalent functions):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which
are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information;
and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's
internal control over financial reporting.

---

| | | |
|:---|:---|:---|
| Date: | 2/4/2026 | /s/ Kelly Strauss |
|  |  | Kelly Strauss<br> Principal Financial Officer |

---

## Exhibit 99.906

**EX.99.906CERT**

**<u>Certification Pursuant to Section 906 of the Sarbanes-Oxley Act</u>**

Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, each of the undersigned officers of the Trust for Professional Managers (the "Trust"), does hereby certify, to such officer's knowledge, that the report on Form N-CSR of the Trust for the period ended November 30, 2025 fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as applicable, and that the information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Trust for the stated period.

---

| | |
|:---|:---|
| /s/ Jennifer Lima | /s/ Kelly Strauss |
| Jennifer Lima<br>| Kelly Strauss |
| Principal Executive Officer, | Principal Financial Officer, |
| Trust for Professional Managers | Trust for Professional Managers |

---

Dated: <u>2/4/2026</u>

This statement accompanies this report on Form N-CSR pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 and shall not be deemed as filed by Trust for purposes of Section 18 of the Securities Exchange Act of 1934.