# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001133228-26-008776
**Filing Date:** 2026-6
**Character Count:** 309767
**Document Hash:** 47548cebe48de28b750a68442a455efe
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001133228-26-008776.hdr.sgml**: 20260603

**ACCESSION NUMBER**: 0001133228-26-008776

**CONFORMED SUBMISSION TYPE**: N-CSRS

**PUBLIC DOCUMENT COUNT**: 31

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260603

**DATE AS OF CHANGE**: 20260603

**EFFECTIVENESS DATE**: 20260603

**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-CSRS
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 261060418

**BUSINESS ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 4147655067

**MAIL ADDRESS:**
- **STREET 1:** U.S. BANCORP FUND SERVICES LLC
- **STREET 2:** 615 EAST MICHIGAN ST 2ND FLOOR
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** ZODIAC TRUST
- **DATE OF NAME CHANGE:** 20010601

## Series and Classes Contracts Data

### CrossingBridge Low Duration High Income Fund (Series ID: S000060190)

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

### CrossingBridge Ultra-Short Duration Fund (Series ID: S000071657)

| Class ID   | Class Name                                                            | Ticker Symbol   |
|:---|:---|:---|
| C000227080 | CrossingBridge Ultra-Short Duration Fund - Institutional Class Shares | CBUDX           |

### CrossingBridge Responsible Credit Fund (Series ID: S000071658)

| Class ID   | Class Name                                                          | Ticker Symbol   |
|:---|:---|:---|
| C000227081 | CrossingBridge Responsible Credit Fund - Institutional Class Shares | CBRDX           |

### CrossingBridge Ultra-Short Duration ETF (Series ID: S000073002)

| Class ID   | Class Name                              | Ticker Symbol   |
|:---|:---|:---|
| C000229763 | CrossingBridge Ultra-Short Duration ETF | CUSD            |

### RiverPark Strategic Income Fund (Series ID: S000080182)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000241885 | Institutional Class Shares | RSIIX           |
| C000241886 | Retail Class Shares        | RSIVX           |

### CrossingBridge Nordic High Income Bond Fund (Series ID: S000088023)

| Class ID   | Class Name                                                               | Ticker Symbol   |
|:---|:---|:---|
| C000254051 | CrossingBridge Nordic High Income Bond Fund - Institutional Class Shares | NRDCX           |

?xml version='1.0' encoding='ASCII'? 2026-02-23191453_CrossingBridgeLowDurationHighIncomeFund_InstitutionalClass_TSRSemiAnnual

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 811-10401

**Trust for Professional Managers**

(Exact name of registrant as specified in charter)

615 East Michigan Street

Milwaukee, WI 53202

(Address of principal executive offices) (Zip code)

Jay S. Fitton

U.S. Bancorp Fund Services, LLC

615 East Michigan Street

Milwaukee, WI 53202

(Name and address of agent for service)

(513) 520-5925

Registrant's telephone number, including area code

Date of fiscal year end: **<u>September 30, 2026</u>**

Date of reporting period: **<u>March 31, 2026</u>**

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

(a) ---

| | | |
|:---|:---|:---|
| ![image](img219967_202505131536276.jpg) | **CrossingBridge Low Duration High Income** **Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219967_202505131536276.jpg) | Institutional Class \| CBLDX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219967_202505131536276.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Low Duration High Income Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/low-duration-high-income-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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 | $43 | 0.86% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1556477853 |
| **Number of Holdings** | 200 |
| **Net Advisory Fee** | $4912103 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 5.3% |
|  First American Government Obligations Fund  | 2.9% |
|  CMG Media Corp.  | 2.8% |
|  Compass Group Diversified Holdings LLC  | 2.4% |
|  Marelli Holdings Co., Ltd.  | 2.4% |
|  HCA, Inc.  | 2.3% |
|  Oracle Corp.  | 2.3% |
|  GrubHub Holdings, Inc.  | 2.2% |
|  BX Trust  | 2.2% |
|  Arch Investment Partners LLC  | 2.1% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 50.5% |
|  Bank Loans  | 12.2% |
|  Special Purpose Acquisition Companies (SPACs)  | 11.9% |
|  Money Market Funds  | 8.2% |
|  Commercial Paper  | 7.0% |
|  Convertible Bonds  | 3.4% |
|  Mortgage-Backed Securities  | 3.2% |
|  Asset-Backed Securities  | 2.4% |
|  U.S. Treasury Securities  | 1.8% |
|  Cash & Other  | -0.6% |

---

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.crossingbridgefunds.com/low-duration-high-income-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Low Duration High Income Fund PAGE 1 TSR-SAR-89834G604

------

---

| | | |
|:---|:---|:---|
| ![image](img219967_202505131536276.jpg) | **CrossingBridge Low Duration High Income** **Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219967_202505131536276.jpg) | Retail Class \| CBLVX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219967_202505131536276.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Low Duration High Income Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/low-duration-high-income-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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** **\*** |
| Retail Class | $55 | 1.10% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $1556477853 |
| **Number of Holdings** | 200 |
| **Net Advisory Fee** | $4912103 |
| **Portfolio Turnover** | 41% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 5.3% |
|  First American Government Obligations Fund  | 2.9% |
|  CMG Media Corp.  | 2.8% |
|  Compass Group Diversified Holdings LLC  | 2.4% |
|  Marelli Holdings Co., Ltd.  | 2.4% |
|  HCA, Inc.  | 2.3% |
|  Oracle Corp.  | 2.3% |
|  GrubHub Holdings, Inc.  | 2.2% |
|  BX Trust  | 2.2% |
|  Arch Investment Partners LLC  | 2.1% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 50.5% |
|  Bank Loans  | 12.2% |
|  Special Purpose Acquisition Companies (SPACs)  | 11.9% |
|  Money Market Funds  | 8.2% |
|  Commercial Paper  | 7.0% |
|  Convertible Bonds  | 3.4% |
|  Mortgage-Backed Securities  | 3.2% |
|  Asset-Backed Securities  | 2.4% |
|  U.S. Treasury Securities  | 1.8% |
|  Cash & Other  | -0.6% |

---

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.crossingbridgefunds.com/low-duration-high-income-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Low Duration High Income Fund PAGE 1 TSR-SAR-89834G703

------

---

| | | |
|:---|:---|:---|
| ![image](img403000_202505131531934.jpg) | **CrossingBridge Nordic High Income Bond** **Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img403000_202505131531934.jpg) | Institutional Class \| NRDCX  | ![image](img220379_202510062107544.jpg) |
| ![image](img403000_202505131531934.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Nordic High Income Bond Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/nordic-high-income-bond-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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 | $48 | 0.95% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $87511867 |
| **Number of Holdings** | 81 |
| **Net Advisory Fee** | $189375 |
| **Portfolio Turnover** | 19% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Norway Government Bond  | 6.4% |
|  First American Treasury Obligations Fund  | 5.8% |
|  First American Government Obligations Fund  | 5.8% |
|  Statnett SF  | 2.3% |
|  Tier Mobility SE  | 2.2% |
|  Specac International Ltd.  | 2.2% |
|  Stockwik Forvaltning AB  | 2.1% |
|  CCIT Holdings AS  | 2.0% |
|  Geveko AB  | 2.0% |
|  Eidsiva Energi AS  | 1.9% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 74.0% |
|  Money Market Funds  | 11.5% |
|  Foreign Government Debt Obligations  | 6.4% |
|  Bank Loans  | 2.1% |
|  Forwards  | 0.3% |
|  Cash & Other  | 5.7% |

---

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.crossingbridgefunds.com/nordic-high-income-bond-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Nordic High Income Bond Fund PAGE 1 TSR-SAR-89834G554

------

---

| | | |
|:---|:---|:---|
| ![image](img219961_202505131738879.jpg) | **CrossingBridge Responsible Credit Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219961_202505131738879.jpg) | Institutional Class \| CBRDX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219961_202505131738879.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Responsible Credit Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/responsible-credit-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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 | $43 | 0.85% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $44681093 |
| **Number of Holdings** | 79 |
| **Net Advisory Fee** | $68409 |
| **Portfolio Turnover** | 42% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 5.6% |
|  Kodiak Gas Services LLC  | 3.7% |
|  Oracle Corp.  | 3.1% |
|  Dell International LLC  | 3.1% |
|  Formycon AG  | 3.0% |
|  Magle Chemoswed Holding AB  | 2.6% |
|  Stockwik Forvaltning AB  | 2.5% |
|  Nexus Newco BV  | 2.4% |
|  GrubHub Holdings, Inc.  | 2.4% |
|  Live Oak Acquisition Corp. V  | 2.3% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 62.2% |
|  Special Purpose Acquisition Companies (SPACs)  | 12.0% |
|  Commercial Paper  | 8.9% |
|  Money Market Funds  | 7.0% |
|  Bank Loans  | 5.2% |
|  Convertible Bonds  | 1.9% |
|  Preferred Stocks  | 1.8% |
|  Common Stocks  | 1.2% |
|  Real Estate Investment Trusts - Preferred  | 0.3% |
|  Cash & Other  | -0.5% |

---

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.crossingbridgefunds.com/responsible-credit-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Responsible Credit Fund PAGE 1 TSR-SAR-89834G810

------

---

| | | |
|:---|:---|:---|
| ![image](img732036_202605071620533.jpg) | **CrossingBridge Ultra-Short Duration ETF**  | ![image](img220379_202510062107544.jpg) |
| ![image](img732036_202605071620533.jpg) | CUSD (Principal U.S. Listing Exchange: NASDAQ Stock Market, LLC) | ![image](img220379_202510062107544.jpg) |
| ![image](img732036_202605071620533.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Ultra-Short Duration ETF (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/ultra-short-duration-etf. You can also request this information by contacting us at 1-888-898-2780. **This report describes changes to the Fund that occurred during the period.** 

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| **Fund Name** | **Costs of a $10,000** **investment** | **Costs paid as a percentage of** **a $10,000 investment** **\*** |
| CrossingBridge Ultra-Short Duration ETF | $40 | 0.80% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $11382500 |
| **Number of Holdings** | 37 |
| **Net Advisory Fee** | $71543 |
| **Portfolio Turnover** | 158% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  Mercer Park Opportunities Corp.  | 12.2% |
|  Quetta Acquisition Corp.  | 7.3% |
|  First American Treasury Obligations Fund  | 6.5% |
|  Silverbox Corp. IV  | 4.5% |
|  DT Cloud Star Acquisition Corp.  | 4.5% |
|  Apex Treasury Corp.  | 4.4% |
|  General Purpose Acquisition Corp.  | 4.4% |
|  Flag Ship Acquisition Corp.  | 4.3% |
|  Eureka Acquisition Corp.  | 4.3% |
|  Cantor Equity Partners III, Inc.  | 4.1% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Special Purpose Acquisition Companies (SPACs)  | 80.4% |
|  Money Market Funds  | 8.7% |
|  Corporate Bonds  | 6.6% |
|  Commercial Paper  | 3.1% |
|  Rights  | 0.1% |
|  Warrants  | 0.0%\* |
|  Cash & Other  | 1.1% |

---

\* Represents less than 0.05% of net assets.

**How has the Fund changed?**

This is a summary of certain changes to the Fund since October 1, 2025. For more complete information, you may review the Fund's prospectus at https://www.crossingbridgefunds.com/ultra-short-duration-etf. You can also request this information by contacting us at 1-888-898-2780.

Effective January 28, 2026, the Fund changed its name from the CrossingBridge Pre-Merger SPAC ETF to the CrossingBridge Ultra-Short Duration ETF. In connection with the name change, the Fund revised its principal investment strategies to invest primarily in fixed income securities — including bills, notes, bonds, debentures, convertible bonds, loan participations, syndicated loan assignments, mortgage- and asset-backed securities, Rule 144A fixed income securities, zero coupon securities, sovereign debt and other evidence of indebtedness issued by U.S. or foreign corporations, governments, government agencies or government instrumentalities, including floating-rate securities, preferred stock and fixed income-like equities (e.g., special purpose acquisition companies ("SPACs")) - while maintaining an average

CrossingBridge Ultra-Short Duration ETF PAGE 1 TSR-SAR-89834G778

------

portfolio duration of 1.0 or less. The Fund also amended its investment objective from providing total returns consistent with preservation of capital to seeking to offer a higher yield than cash instruments while maintaining a low duration.

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.crossingbridgefunds.com/ultra-short-duration-etf.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Ultra-Short Duration ETF PAGE 2 TSR-SAR-89834G778

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---

| | | |
|:---|:---|:---|
| ![image](img219960_202605071628816.jpg) | **CrossingBridge Ultra-Short Duration Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219960_202605071628816.jpg) | Institutional Class \| CBUDX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219960_202605071628816.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the CrossingBridge Ultra-Short Duration Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/ultra-short-duration-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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 | $47 | 0.94% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $364654524 |
| **Number of Holdings** | 103 |
| **Net Advisory Fee** | $1207450 |
| **Portfolio Turnover** | 74% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 5.5% |
|  CR Landco Austin, LLC  | 3.3% |
|  Confluent, Inc.  | 3.2% |
|  BX Trust  | 3.1% |
|  HCA, Inc.  | 2.9% |
|  Oracle Corp.  | 2.8% |
|  Jabil, Inc.  | 2.8% |
|  Marelli Holdings Co., Ltd.  | 2.8% |
|  Crown Castle, Inc.  | 2.3% |
|  EIDP, Inc.  | 2.3% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 58.8% |
|  Bank Loans  | 9.0% |
|  Commercial Paper  | 6.7% |
|  Special Purpose Acquisition Companies (SPACs)  | 6.7% |
|  Mortgage-Backed Securities  | 6.2% |
|  Money Market Funds  | 6.0% |
|  Convertible Bonds  | 3.4% |
|  Municipal Bonds  | 2.3% |
|  Asset-Backed Securities  | 2.0% |
|  Cash & Other  | -1.1% |

---

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.crossingbridgefunds.com/ultra-short-duration-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

CrossingBridge Ultra-Short Duration Fund PAGE 1 TSR-SAR-89834G828

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---

| | | |
|:---|:---|:---|
| ![image](img219966_k20250513153429.jpg) | **Riverpark Strategic Income Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219966_k20250513153429.jpg) | Institutional Class \| RSIIX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219966_k20250513153429.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the Riverpark Strategic Income Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/riverpark-strategic-income-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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 | $58 | 1.16% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $597808650 |
| **Number of Holdings** | 145 |
| **Net Advisory Fee** | $1972825 |
| **Portfolio Turnover** | 46% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 4.9% |
|  Forum Energy Technologies, Inc.  | 2.9% |
|  CMG Media Corp.  | 2.8% |
|  Oracle Corp.  | 2.6% |
|  Canopy Growth Corp.  | 2.5% |
|  888 Acquisitions Ltd.  | 2.4% |
|  Compass Group Diversified Holdings LLC  | 2.4% |
|  GrubHub Holdings, Inc.  | 2.2% |
|  Trulieve Cannabis Corp.  | 2.1% |
|  TPC Group, Inc.  | 2.1% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 50.8% |
|  Bank Loans  | 11.8% |
|  Commercial Paper  | 9.6% |
|  Special Purpose Acquisition Companies (SPACs)  | 8.4% |
|  Money Market Funds  | 6.2% |
|  Common Stocks  | 3.4% |
|  Preferred Stocks  | 2.0% |
|  U.S. Treasury Securities  | 2.0% |
|  Convertible Bonds  | 1.5% |
|  Cash & Other  | 4.3% |

---

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.crossingbridgefunds.com/riverpark-strategic-income-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Riverpark Strategic Income Fund PAGE 1 TSR-SAR-89834G679

------

---

| | | |
|:---|:---|:---|
| ![image](img219966_k20250513153429.jpg) | **Riverpark Strategic Income Fund**  | ![image](img220379_202510062107544.jpg) |
| ![image](img219966_k20250513153429.jpg) | Retail Class \| RSIVX  | ![image](img220379_202510062107544.jpg) |
| ![image](img219966_k20250513153429.jpg) | Semi-Annual Shareholder Report \| March 31, 2026  | ![image](img220379_202510062107544.jpg) |

---

This semi-annual shareholder report contains important information about the Riverpark Strategic Income Fund (the "Fund") for the period of October 1, 2025, to March 31, 2026. You can find additional information about the Fund at https://www.crossingbridgefunds.com/riverpark-strategic-income-fund. You can also request this information by contacting us at 1-888-898-2780.

**WHAT WERE THE FUND COSTS FOR THE LAST SIX MONTHS?** (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** **\*** |
| Retail Class | $71 | 1.41% |

---

\* Annualized

**KEY FUND STATISTICS** (as of March 31, 2026)

---

| | |
|:---|:---|
| **Net Assets** | $597808650 |
| **Number of Holdings** | 145 |
| **Net Advisory Fee** | $1972825 |
| **Portfolio Turnover** | 46% |

---

**WHAT DID THE FUND INVEST IN?** (% of net assets as of March 31, 2026)

---

| | |
|:---|:---|
| **Top 10 Issuers** | **(%)** |
|  First American Treasury Obligations Fund  | 4.9% |
|  Forum Energy Technologies, Inc.  | 2.9% |
|  CMG Media Corp.  | 2.8% |
|  Oracle Corp.  | 2.6% |
|  Canopy Growth Corp.  | 2.5% |
|  888 Acquisitions Ltd.  | 2.4% |
|  Compass Group Diversified Holdings LLC  | 2.4% |
|  GrubHub Holdings, Inc.  | 2.2% |
|  Trulieve Cannabis Corp.  | 2.1% |
|  TPC Group, Inc.  | 2.1% |

---

---

| | |
|:---|:---|
| **Security Type** | **(%)** |
|  Corporate Bonds  | 50.8% |
|  Bank Loans  | 11.8% |
|  Commercial Paper  | 9.6% |
|  Special Purpose Acquisition Companies (SPACs)  | 8.4% |
|  Money Market Funds  | 6.2% |
|  Common Stocks  | 3.4% |
|  Preferred Stocks  | 2.0% |
|  U.S. Treasury Securities  | 2.0% |
|  Convertible Bonds  | 1.5% |
|  Cash & Other  | 4.3% |

---

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.crossingbridgefunds.com/riverpark-strategic-income-fund.

**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 1-888-898-2780, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by the Fund or your financial intermediary.

Riverpark Strategic Income Fund PAGE 1 TSR-SAR-89834G661

------

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

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

Not applicable for semi-annual reports.

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

Not applicable for semi-annual reports.

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

Not applicable for semi-annual reports.

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

Not applicable for semi-annual reports.

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

&nbsp;&nbsp;&nbsp;&nbsp;(a) Schedule of Investments is included as part of the report to shareholders filed under Item 7(a) of this Form.

(b) Not Applicable.

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

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

![](cross_logo.jpg)

**CrossingBridge FUNDS** 

**CrossingBridge Low Duration High Income Fund** 

**Institutional Class (CBLDX)** 

**Retail Class (CBLVX)** 

**Crossingbridge Nordic High Income Bond Fund** 

**Institutional Class (NRDCX)** 

**CrossingBridge Responsible Credit Fund** 

**Institutional Class (CBRDX)** 

**CrossingBridge Ultra-Short Duration ETF** 

**(formerly known as the CrossingBridge Pre-Merger SPAC ETF)** 

(CUSD)

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**Institutional Class (CBUDX)** 

**RiverPark Strategic Income Fund** 

**Institutional Class (RSIIX)** 

**Retail Class (RSIVX)** 

Semi-Annual Financial Statements and Additional Information

March 31, 2026

------

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

**TABLE OF CONTENTS** 

---

| | |
|:---|:---|
|  | **Page**  |
| Schedule of Investments <br>|  |
| &nbsp;&nbsp;&nbsp; [CrossingBridge Low Duration High Income Fund](#soi1) | [1](#soi1) |
| &nbsp;&nbsp;&nbsp; [CrossingBridge Nordic High Income Bond Fund](#soi2) | [9](#soi2) |
| &nbsp;&nbsp;&nbsp; [CrossingBridge Responsible Credit Fund](#soi3) | [13](#soi3) |
| &nbsp;&nbsp;&nbsp; [CrossingBridge Ultra-Short Duration ETF](#soi4) | [18](#soi4) |
| &nbsp;&nbsp;&nbsp; [CrossingBridge Ultra-Short Duration Fund](#soi5) | [20](#soi5) |
| &nbsp;&nbsp;&nbsp; [RiverPark Strategic Income Fund](#soi6) | [26](#soi6) |
| [Statements of Assets and Liabilities](#sal) | [35](#sal) |
| [Statements of Operations](#sop) | [39](#sop) |
| [Statements of Changes in Net Assets](#scna) | [42](#scna) |
| [Financial Highlights](#fihi) | [45](#fihi) |
| [Notes to Financial Statements](#notes) | [53](#notes) |
| [Additional Information (Unaudited)](#a123) | [77](#a123) |
| [Tax Information (Unaudited)](#tax) | [78](#tax) |

---

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 50.5%** | **CORPORATE BONDS - 50.5%** |  |  |
|  **Accommodation and Food Services - 2.2%**<br>|  |  |  |
|  GrubHub Holdings, Inc., 13.00% (or 6.00% PIK), 07/31/2030<sup>(a)</sup> |  | $42905565 | $33953465  |
| **Communications - 0.4%**<br>|  |  |  |
|  Fable Media Group AB, 9.00%, 11/11/2028 | SEK | 37310740 | 3921576  |
| &nbsp;&nbsp;&nbsp; Gentoo Media PLC, 9.29% <br>(3 mo. STIBOR + 7.25%), 12/18/2026 | SEK | 25750000 | 2628273  |
|  |  |  | 6549849  |
| **Consumer Discretionary - 3.2%** | **Consumer Discretionary - 3.2%** |  |  |
| &nbsp;&nbsp;&nbsp; Aider Konsern AS, 8.33% <br>(3 mo. NIBOR + 4.15%), 09/05/2028 | NOK | 7850000 | 813748  |
|  Alaska Airlines, Inc., Series A, 4.80%, 08/15/2027<sup>(a)</sup> |  | 1048417 | 1049300  |
|  Booster Precision Components GmbH, 11.01% (3 mo. EURIBOR + 9.00%), 11/28/2026 | EUR | 2574000 | 2216503  |
|  European Entertainment Intressenter BidCo AB, 9.28% (3 mo. EURIBOR + 7.25%), 09/29/2030 | EUR | 17700000 | 19793738  |
| &nbsp;&nbsp;&nbsp; OP Holdco GmbH, 8.54% <br>(3 mo. EURIBOR + 6.50%), 06/05/2029<sup>(a)</sup> | EUR | 16900000 | 18752601  |
|  United Airlines, Inc., Series A, 4.00%, 04/11/2026 |  | 6448195 | 6442440  |
| &nbsp;&nbsp;&nbsp; View Ledger AS, 8.61% <br>(3 mo. NIBOR + 4.50%), 01/31/2029 | NOK | 9500000 | 992148  |
|  |  |  | 50060478  |
| **Energy - 3.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Arch Investment Partners LLC, <br>10.00%, 03/27/2030<sup>(a)</sup> |  | 33493000 | 32823140  |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 17250000 | 18173594  |
|  |  |  | 50996734  |
| **Finance and Insurance - 5.7%** | **Finance and Insurance - 5.7%** |  |  |
| &nbsp;&nbsp;&nbsp; BGC Group, Inc., <br>6.15%, 04/02/2030 |  | 6707000 | 6825203  |
| &nbsp;&nbsp;&nbsp; Compass Group Diversified Holdings LLC, <br>5.25%, 04/15/2029<sup>(a)</sup> |  | 40566062 | 37768416  |
| &nbsp;&nbsp;&nbsp; Icahn Enterprises LP, <br>5.25%, 05/15/2027 |  | 18300000 | 17943916  |
|  Mutares SE & Co. KGaA, 10.63% (3 mo. EURIBOR + 8.50%), 03/31/2027 | EUR | 2000000 | 2327336  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
|  National Rural Utilities Cooperative Finance Corp., 4.05%, 02/09/2029 |  | $1828000 | $1816009  |
|  Oaktree Strategic Credit Fund, 6.19%, 07/15/2030 |  | 5822000 | 5699466  |
| &nbsp;&nbsp;&nbsp; PennantPark Floating Rate Capital Ltd., <br>4.25%, 04/01/2026 |  | 15645000 | 15645000  |
| &nbsp;&nbsp;&nbsp; Prime Security Services Borrower LLC, <br>5.75%, 04/15/2026<sup>(a)</sup> |  | 1116000 | 1120743  |
|  |  |  | 89146089  |
|  **Health Care and Social Assistance - 4.8%**<br>|  |  |  |
|  Formycon AG, 9.03% (3 mo. EURIBOR + 7.00%), 07/09/2029 | EUR | 12188000 | 13559284  |
| &nbsp;&nbsp;&nbsp; HCA, Inc., <br>5.25%, 06/15/2026 |  | 36021000 | 36042755  |
|  Magle Chemoswed Holding AB, 8.66% (3 mo. STIBOR + 6.50%), 07/04/2028 | SEK | 117500000 | 10860495  |
|  Specac International Ltd., 10.17% (3 mo. Term SOFR + 6.50%), 09/16/2030<sup>(a)</sup> |  | 13875000 | 14013750  |
|  |  |  | 74476284  |
| **Holding Companies - 0.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Novedo Holding AB, 9.08% <br>(3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 56250000 | 5318010  |
| &nbsp;&nbsp;&nbsp; Qflow Group AB, 7.63% <br>(3 mo. STIBOR + 5.50%), 09/25/2028 | SEK | 27500000 | 2943822  |
|  |  |  | 8261832  |
| **Industrials - 1.2%**<br>|  |  |  |
|  Beelux Sarl, 9.08% (3 mo. EURIBOR + 7.00%), 03/14/2028<sup>(b)</sup> | EUR | 11340739 | 12420073  |
|  Eqva ASA, 11.86% (3 mo. NIBOR + 7.75%), 02/04/2030<sup>(a)</sup> | NOK | 50000000 | 5137923  |
| &nbsp;&nbsp;&nbsp; Stolt-Nielsen Ltd., 7.44% <br>(3 mo. NIBOR + 3.15%), 09/26/2028<sup>(a)</sup> | NOK | 13500000 | 1428717  |
|  |  |  | 18986713  |
| **Information - 5.4%**<br>|  |  |  |
| Cabonline Group Holding AB<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 03/19/2028 | SEK | 21879529 | 2181230  |
| &nbsp;&nbsp;&nbsp; 12.00%, 03/19/2028 | SEK | 77770274 | 7801173  |
|  Discovery Global Holdings, Inc., 3.76%, 03/15/2027 |  | 8026000 | 7932016  |
| &nbsp;&nbsp;&nbsp; GCI LLC, <br>4.75%, 10/15/2028<sup>(a)</sup> |  | 20442000 | 19685575  |

---

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

1<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  |
| **Information - (Continued)**  | **Information - (Continued)**  | **Information - (Continued)**  | **Information - (Continued)**  |
|  Go North Group AB, 10.00% (or 10.00% PIK) (SOFR + 5.76%), 01/22/2030<sup>(c)</sup> |  | $2212977 | $1040099  |
|  Impala BondCo PLC, 12.00% (or 12.00% PIK) (3 mo. STIBOR + 9.00%), 10/30/2027 | SEK | 14742414 | 895447  |
|  SS&C Technologies, Inc., 5.50%, 09/30/2027<sup>(a)</sup> |  | 29785000 | 29826967  |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., <br>2.63%, 04/15/2026 |  | 14137000 | 14126744  |
|  |  |  | 83489251  |
| **Manufacturing - 6.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; AbbVie, Inc., <br>2.95%, 11/21/2026 |  | 8400000 | 8337852  |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc., <br>4.88%, 07/15/2026<sup>(a)</sup> |  | 5163000 | 5163595  |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028<sup>(d)</sup> |  | 11330000 | 5976575  |
| &nbsp;&nbsp;&nbsp; Chemours Co., <br>4.63%, 11/15/2029<sup>(a)</sup> |  | 2000000 | 1881967  |
|  Dell International LLC, 4.90%, 10/01/2026 |  | 12159000 | 12176761  |
| &nbsp;&nbsp;&nbsp; Hologic, Inc., <br>3.25%, 02/15/2029<sup>(a)</sup> |  | 6327000 | 6324564  |
| Jabil, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.70%, 04/15/2026 |  | 10567000 | 10553568  |
| &nbsp;&nbsp;&nbsp; 4.20%, 02/01/2029 |  | 1000000 | 988011  |
| &nbsp;&nbsp;&nbsp; LSB Industries, Inc., <br>6.25%, 10/15/2028<sup>(a)</sup> |  | 12900000 | 12825181  |
|  Microchip Technology, Inc., 5.05%, 02/15/2030 |  | 11462000 | 11564573  |
| &nbsp;&nbsp;&nbsp; Neptune Bidco AS, 11.06% <br>(3 mo. NIBOR + 6.75%), 06/28/2028 | NOK | 55000000 | 4577227  |
| &nbsp;&nbsp;&nbsp; Pfizer, Inc., <br>4.20%, 11/15/2030 |  | 5112000 | 5077861  |
|  Secop Group Holding GmbH, 10.54% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 2561000 | 2982363  |
| &nbsp;&nbsp;&nbsp; Sonoco Products Co., <br>4.45%, 09/01/2026 |  | 6466000 | 6470009  |
|  |  |  | 94900107  |
| **Materials - 0.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Alltub Group SAS, <br>8.50% (3 mo. EURIBOR + 6.50%), 04/30/2030 | EUR | 2077000 | 2484737  |
|  Duran Life Science Holding GmbH, 8.51% (3 mo. EURIBOR + 6.50%), 05/31/2030 | EUR | 481000 | 558746  |
|  |  |  | 3043483  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
|  **Mining, Quarrying, and Oil and Gas Extraction - 0.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; New Enterprise Stone & Lime Co., Inc., <br>9.75%, 07/15/2028<sup>(a)</sup> |  | $2566000 | $2570754  |
|  **Other Services (except Public Administration) - 0.4%**<br>|  |  |  |
|  Shutterfly Finance LLC, 9.75%, 10/01/2027<sup>(a)</sup> |  | 5619000 | 5639453  |
|  **Professional, Scientific, and Technical Services - 6.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc., <br>6.75%, 09/30/2027<sup>(a)</sup> |  | 18918000 | 18947399  |
| Getty Images, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 14.00%, 03/01/2028<sup>(a)</sup> |  | 7988000 | 7608837  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/2030<sup>(a)</sup> |  | 17976000 | 16010964  |
|  Go Daddy Operating Co. LLC, 5.25%, 12/01/2027<sup>(a)</sup> |  | 22675000 | 22632194  |
| Oracle Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/15/2026 |  | 21930000 | 21810924  |
| &nbsp;&nbsp;&nbsp; 3.25%, 11/15/2027 |  | 14524000 | 14177540  |
| &nbsp;&nbsp;&nbsp; VMware LLC, <br>1.40%, 08/15/2026 |  | 4061000 | 4018672  |
|  |  |  | 105206530  |
| **Real Estate - 1.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Boras V-tyget 1 AB, 7.75% <br>(3 mo. STIBOR + 5.75%), 04/29/2027 | SEK | 165900000 | 17832559  |
|  **Real Estate and Rental and Leasing - 0.8%**<br>|  |  |  |
|  Williams Scotsman, Inc., 4.63%, 08/15/2028<sup>(a)</sup> |  | 12934000 | 12727987  |
| **Technology - 3.7%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Azerion Group NV, 7.58% <br>(3 mo. EURIBOR + 5.50%), 10/02/2029 | EUR | 16800000 | 18131906  |
| &nbsp;&nbsp;&nbsp; Goldcup 100865 AB, 7.45% <br>(3 mo. STIBOR + 5.50%), 07/11/2028 | SEK | 6250000 | 674778  |
|  Hawk Infinity Software AS, 10.63% (3 mo. NIBOR + 6.50%), 10/15/2029<sup>(a)(b)</sup> | NOK | 71900000 | 7070896  |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 19800000 | 20568739  |
|  Verve Group SE, 6.12% (3 mo. EURIBOR + 4.00%), 04/01/2029<sup>(a)</sup> | EUR | 11312000 | 11898285  |
|  |  |  | 58344604  |

---

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

2<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  |
|  **Transportation and Warehousing - 1.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; XPO, Inc., <br>6.25%, 06/01/2028<sup>(a)</sup> |  | $22656000 | $22974407  |
| **Utilities - 1.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc., <br>4.25%, 09/24/2027 |  | 13261000 | 13230713  |
|  Statnett SF, 4.60%, 05/12/2031 | NOK | 140000000 | 14129386  |
|  |  |  | 27360099  |
| **Wholesale Trade - 1.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; TD Synnex Corp., <br>1.75%, 08/09/2026 |  | 19126000 | 18936359  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $802,441,153)** |  |  | 785457037  |
| **BANK LOANS - 12.2%**<br>|  |  |  |
| **Communications - 2.8%**<br>|  |  |  |
|  CMG Media Corp., First Lien, 7.30% (3 mo. Term SOFR + 3.50%), 06/18/2029 |  | 46253415 | 43524464  |
| **Consumer Discretionary - 4.9%** | **Consumer Discretionary - 4.9%** |  |  |
|  888 Acquisitions LLC, First Lien, 9.05% (6 mo. Term SOFR + 5.25%), 07/03/2028 |  | 32274000 | 30193457  |
|  Elevate Textiles, Inc., 12.31% (3 mo. Term SOFR + 8.65%), 09/30/2027 |  | 8585850 | 8628779  |
|  Marelli Delayed Draw, 11.68% (1 mo. Term SOFR + 7.75%), 06/09/2026 |  | 14378355 | 14737814  |
| &nbsp;&nbsp;&nbsp; Marelli Term Loan, 11.67% <br>(1 mo. Term SOFR + 7.75%), 06/09/2026 |  | 21567532 | 22106720  |
|  |  |  | 75666770  |
| **Information - 0.0%<sup>(e)</sup>**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Go North Group AB, <br>10.00%, 01/22/2030<sup>(c)</sup> | SEK | 7500000 | 792255  |
| **Manufacturing - 0.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; K&N Parent, Inc., 11.78% <br>(3 mo. Term SOFR + 8.00%), 02/14/2027 |  | 11821121 | 11702909  |
| **Materials - 0.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Tosca Services LLC, 9.20% <br>(3 mo. Term SOFR + 5.50%), 11/30/2028 |  | 3039082 | 3081265  |
| **Real Estate - 0.2%**<br>|  |  |  |
|  CR Landco Austin, LLC, 10.00%, 10/15/2028<sup>(c)</sup> |  | 3830000 | 3830000  |

---

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
|  **Real Estate and Rental and Leasing - 1.6%**<br>|  |  |
|  Chicago Atlantic Real Estate Finance Term Loan, First Lien, 9.00%, 10/17/2028 | $25349000 | $25222255  |
| **Retail Trade - 1.7%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc., 9.20% (or 8.63% PIK) <br>(6 mo. Term SOFR + 5.00%), 07/30/2029<sup>(c)(d)</sup> | 561423 | 97687  |
|  The Container Store, Inc. First Out Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(c)</sup> | 10036026 | 6212300  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Priming Loan, 10.17% <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(c)</sup> | 6965046 | 6965046  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Rolled Up First Out Loan, 10.17% (or 10.17% PIK) <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(c)</sup> | 3851979 | 2384375  |
|  The Container Store, Inc. Super Senior Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(c)</sup> | 10345859 | 10345859  |
|  |  | 26005267  |
| &nbsp;&nbsp;&nbsp; **TOTAL BANK LOANS** <br>**(Cost $194,874,630)** |  | 189825185 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  |  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 11.9%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 11.9%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 11.9%** |
|  Activate Energy Acquisition Corp. - Class A<sup>(f)</sup> | 100000 | 989000  |
|  Agriculture & Natural Solutions Acquisition Corp.<sup>(f)</sup> | 760000 | 8572800  |
|  AI Infrastructure Acquisition Corp. - Class A<sup>(f)</sup> | 231200 | 2318936  |
|  Alpha Partners Technology Merger Corp. Founder Shares<sup>(c)(f)</sup> | 9341 | 0  |
|  Andretti Acquisition Corp. II - Class A<sup>(f)</sup> | 393586 | 4193659  |
|  APEX Tech Acquisition, Inc.<sup>(f)</sup> | 416000 | 4162080  |
|  Apex Treasury Corp. - Class A<sup>(f)</sup> | 323700 | 3233763  |
| &nbsp;&nbsp;&nbsp; Armada Acquisition <br>Corp. III<sup>(f)</sup> | 370000 | 3696300  |
|  Blueport Acquisition Ltd. - Class A<sup>(f)</sup> | 92000 | 920920 |

---

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

3<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  |
|  Cal Redwood Acquisition Corp. - Class A<sup>(f)</sup> | 231200 | $2354772  |
|  Cantor Equity Partners I, Inc. - Class A<sup>(f)</sup> | 366457 | 3847798  |
|  Charlton Aria Acquisition Corp. - Class A<sup>(f)</sup> | 115000 | 1215550  |
| &nbsp;&nbsp;&nbsp; Columbus Circle Capital <br>Corp. II<sup>(f)</sup> | 150000 | 1491000  |
|  Crane Harbor Acquisition Corp. II - Class A<sup>(f)</sup> | 250000 | 2475000  |
|  Crown Reserve Acquisition Corp. I<sup>(f)</sup> | 648265 | 6495615  |
| &nbsp;&nbsp;&nbsp; D Boral Acquisition I <br>Corp.<sup>(f)</sup> | 400000 | 4038000  |
|  Daedalus Special Acquisition Corp. - Class A<sup>(f)</sup> | 80000 | 792800  |
|  Drugs Made In America Acquisition II Corp.<sup>(f)</sup> | 323700 | 3230526  |
|  Emmis Acquisition Corp. - Class A<sup>(f)</sup> | 175000 | 1758750  |
|  Evolution Global Acquisition Corp. - Class A<sup>(f)</sup> | 75000 | 748125  |
|  General Purpose Acquisition Corp. - Class A<sup>(f)</sup> | 100000 | 991000  |
| &nbsp;&nbsp;&nbsp; GigCapital8 Corp. - <br>Class A<sup>(f)</sup> | 150000 | 1495500  |
|  Harvard Ave Acquisition Corp. - Class A<sup>(f)</sup> | 415000 | 4154150  |
|  Invest Green Acquisition Corp. - Class A<sup>(f)</sup> | 75000 | 745500  |
| Iris Acquisition Corp. II<sup>(f)</sup> | 350000 | 3489500  |
|  Jackson Acquisition Co. II - Class A<sup>(f)</sup> | 210279 | 2226855  |
|  K2 Capital Acquisition Corp. - Class A<sup>(f)</sup> | 208000 | 2052960  |
|  Kochav Defense Acquisition Corp. - Class A<sup>(f)</sup> | 175000 | 1793750  |
| &nbsp;&nbsp;&nbsp; Leapfrog Acquisition <br>Corp.<sup>(f)</sup> | 75000 | 744375  |
|  M Evo Global Acquisition Corp. II<sup>(f)</sup> | 225000 | 2256750  |
|  M3-Brigade Acquisition V Corp. - Class A<sup>(f)</sup> | 747068 | 8023510  |
|  McKinley Acquisition Corp. - Class A<sup>(f)</sup> | 123355 | 1240951  |
|  Mercer Park Opportunities Corp.<sup>(c)(f)</sup> | 1725300 | 18305433  |
| Miluna Acquisition Corp.<sup>(f)</sup> | 75000 | 750750  |
|  Mountain Lake Acquisition Corp. - Class A<sup>(f)</sup> | 308590 | 3249453  |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; Muzero Acquisition <br>Corp.<sup>(f)</sup> | 150000 | $1489500  |
| &nbsp;&nbsp;&nbsp; Newbridge Acquisition <br>Ltd.<sup>(f)</sup> | 100000 | 1022500  |
|  NMP Acquisition Corp. - Class A<sup>(f)</sup> | 468500 | 4759960  |
|  OTG Acquisition Corp. I - Class A<sup>(f)</sup> | 484258 | 4871635  |
| &nbsp;&nbsp;&nbsp; Paloma Acquisition <br>Corp. I<sup>(f)</sup> | 185000 | 1846300  |
| &nbsp;&nbsp;&nbsp; Quartzsea Acquisition <br>Corp.<sup>(f)</sup> | 140189 | 1455162  |
|  Republic Digital Acquisition Co. - Class A<sup>(f)</sup> | 783653 | 8008934  |
| &nbsp;&nbsp;&nbsp; Safeguard Acquisition <br>Corp.<sup>(f)</sup> | 32607 | 329657  |
|  Sizzle Acquisition Corp. II - Class A<sup>(f)</sup> | 70357 | 721863  |
|  Solarius Capital Acquisition Corp. - Class A<sup>(f)</sup> | 778922 | 7929426  |
|  SPACSphere Acquisition Corp.<sup>(f)</sup> | 100000 | 1007000  |
| &nbsp;&nbsp;&nbsp; Spartacus Acquisition <br>Corp. II<sup>(f)</sup> | 100000 | 1003500  |
|  TGE Value Creative Solutions Corp. - Class A<sup>(f)</sup> | 450000 | 4446000  |
|  Titan Acquisition Corp. - Class A<sup>(f)</sup> | 366000 | 3780780  |
|  Translational Development Acquisition Corp.<sup>(f)</sup> | 268300 | 2833248  |
|  Twelve Seas Investment Co. III - Class A<sup>(f)</sup> | 186000 | 1843260  |
|  Vendome Acquisition Corp. I - Class A<sup>(f)</sup> | 300000 | 3039000  |
|  Vine Hill Capital Investment Corp. II - Class A<sup>(f)</sup> | 200000 | 1980000  |
|  Wen Acquisition Corp. - Class A<sup>(f)</sup> | 809811 | 8243876  |
|  Westin Acquisition Corp. - Class A<sup>(f)</sup> | 151500 | 1513485  |
|  White Pearl Acquisition Corp.<sup>(f)</sup> | 231000 | 2356200  |
|  White Pearl Acquisition Corp. - Class A<sup>(f)</sup> | 139000 | 1370540  |
| XFLH Capital Corp.<sup>(f)</sup> | 416000 | 4105920  |
| Xsolla SPAC 1<sup>(f)</sup> | 356000 | 3524400  |
|  Yorkville Acquisition Corp. - Class A<sup>(f)</sup> | 300000 | 3033000  |
| &nbsp;&nbsp;&nbsp; **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** <br>**(Cost $182,416,743)** |  | 184570977 |

---

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

4<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par**  | **Value**  |
| **CONVERTIBLE BONDS - 3.4%** | **CONVERTIBLE BONDS - 3.4%** |  |  |
|  **Accommodation and Food Services - 0.9%**<br>|  |  |  |
|  Braemar Hotels & Resorts, Inc., 4.50%, 06/01/2026 |  | $14065000 | $13854025 |
| **Finance and Insurance - 0.4%** | **Finance and Insurance - 0.4%** | **Finance and Insurance - 0.4%** | **Finance and Insurance - 0.4%** |
|  Euronet Worldwide, Inc., 0.63%, 10/01/2030<sup>(a)</sup> |  | 6840000 | 5963625  |
| **Information - 1.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; fuboTV, Inc., 7.50% <br>(or 10.00% PIK), 02/15/2029<sup>(a)</sup> |  | 10132000 | 9473420  |
| &nbsp;&nbsp;&nbsp; Go North Group AB, <br>0.00%, 12/31/2050<sup>(c)(d)(g)</sup> | SEK | 39553628 | 0  |
| &nbsp;&nbsp;&nbsp; Leafly Holdings, Inc., <br>8.00%, 04/15/2026<sup>(c)</sup> |  | 5871000 | 4990350  |
| &nbsp;&nbsp;&nbsp; Ziff Davis, Inc., <br>1.75%, 11/01/2026 |  | 14758000 | 14499735  |
|  |  |  | 28963505  |
|  **Professional, Scientific, and Technical Services - 0.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Compass, Inc., <br>0.25%, 04/15/2031<sup>(a)</sup> |  | 5861000 | 4920309  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE BONDS** <br>**(Cost $56,308,019)** |  |  | 53701464  |
| **MORTGAGE-BACKED SECURITIES - 3.2%** | **MORTGAGE-BACKED SECURITIES - 3.2%** | **MORTGAGE-BACKED SECURITIES - 3.2%** | **MORTGAGE-BACKED SECURITIES - 3.2%** |
| **Finance and Insurance - 3.2%** | **Finance and Insurance - 3.2%** |  |  |
|  ARES Commercial Mortgage Trust, Series 2024-IND2, Class A, 5.12% (1 mo. Term SOFR + 1.44%), 10/15/2034<sup>(a)</sup> |  | 6615000 | 6622681  |
| BX Trust, A<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-BIO, Class A, 5.31% (1 mo. Term SOFR + 1.64%), 02/15/2041<sup>(a)</sup> |  | 4170000 | 4165739  |
| &nbsp;&nbsp;&nbsp; Series 2024-KING, Class A, 5.21% (1 mo. Term SOFR + 1.54%), 05/15/2034<sup>(a)</sup> |  | 12296124 | 12309675  |
| &nbsp;&nbsp;&nbsp; Series 2025-LUNR, Class A, 5.17% (1 mo. Term SOFR + 1.50%), 06/15/2040<sup>(a)</sup> |  | 14545680 | 14579419  |
| &nbsp;&nbsp;&nbsp; BX Trust, B Series <br>2024-KING, Class B, 5.41% (1 mo. Term SOFR + 1.74%), 05/15/2034<sup>(a)</sup> |  | 2674787 | 2678105  |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  | **Value**  |
| &nbsp;&nbsp;&nbsp; DGWD Trust, A Series <br>2025-INFL, Class A, 5.27% <br>(1 mo. Term SOFR + 1.60%), 08/15/2035<sup>(a)</sup> | $8067000 | $8085722  |
| &nbsp;&nbsp;&nbsp; DGWD Trust, B Series <br>2025-INFL, Class B, 5.47% <br>(1 mo. Term SOFR + 1.80%), 08/15/2035<sup>(a)</sup> | 2180000 | 2174559  |
|  |  | 50615900  |
| &nbsp;&nbsp;&nbsp; **TOTAL MORTGAGE-BACKED SECURITIES** <br>**(Cost $50,572,766)** |  | 50615900  |
| **ASSET-BACKED SECURITIES - 2.4%** | **ASSET-BACKED SECURITIES - 2.4%** | **ASSET-BACKED SECURITIES - 2.4%** |
| **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** |
| &nbsp;&nbsp;&nbsp; Hertz Corp., <br>Series 2025-1A, Class A, 4.91%, 09/25/2029<sup>(a)</sup> | 10076000 | 10161416  |
| **Finance and Insurance - 1.7%** |  |  |
|  Alterna Funding LLC, A Series 2024-1A, Class A, 6.26%, 05/16/2039<sup>(a)</sup> | 1538065 | 1539983  |
| &nbsp;&nbsp;&nbsp; DB Master Finance Parent LLC, Series 2021-1A, Class A2II, <br>2.49%, 11/20/2051<sup>(a)</sup> | 8791765 | 8288673  |
| &nbsp;&nbsp;&nbsp; Lyra Music Assets Delaware LP, A2 Series 2025-1A, Class A2, <br>5.60%, 09/20/2065<sup>(a)</sup> | 8114117 | 8170246  |
| RAM LLC, A<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A, 6.67%, 02/15/2039<sup>(a)</sup> | 1173515 | 1173811  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 05/15/2040<sup>(a)</sup> | 7435940 | 7409595  |
|  |  | 26582308  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES** <br>**(Cost $36,667,298)** |  | 36743724  |
| **U.S. TREASURY SECURITIES - 1.8%** | **U.S. TREASURY SECURITIES - 1.8%** | **U.S. TREASURY SECURITIES - 1.8%** |
|  United States Treasury Note, 3.50%, 01/15/2029 | 28246000 | 28006571  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $28,118,010)** |  | 28006571  |

---

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

5<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par**  | **Value**  |
| **MUNICIPAL BONDS - 0.3%** | **MUNICIPAL BONDS - 0.3%** | **MUNICIPAL BONDS - 0.3%** |
| **New York - 0.1%**<br>|  |  |
|  New York State Dormitory Authority, 5.27%, 05/01/2035 (Obligor: Pace University)<sup>(h)</sup> | $2005000 | $2005000  |
| **Pennsylvania - 0.2%**<br>|  |  |
|  Pennsylvania Economic Development Financing Authority, 4.00%, 06/01/2041 (Obligor: Waste Management, Inc.)<sup>(h)(i)</sup> | 2500000 | 2501192  |
| &nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS** <br>**(Cost $4,505,000)** |  | 4506192 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **PREFERRED STOCKS - 0.2%** | **PREFERRED STOCKS - 0.2%** | **PREFERRED STOCKS - 0.2%** |
| &nbsp;&nbsp;&nbsp; **Administrative and Support and Waste Management and Remediation** <br>**Services - 0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; SWK Holdings Corp., <br>9.00%, 01/31/2027 <sup>(f)</sup> | 152467 | 3887908  |
| &nbsp;&nbsp;&nbsp; **TOTAL PREFERRED STOCKS** <br>**(Cost $3,811,675)** |  | 3887908  |
| **COMMON STOCKS - 0.1%**<br>|  |  |
| **Finance and Insurance - 0.0%<sup>(e)</sup>** |  |  |
| Euronet Worldwide, Inc.<sup>(f)</sup> | 4657 | 309085  |
| **Information - 0.0%<sup>(e)</sup>**<br>|  |  |
|  Go North Group AB - Class B<sup>(c)(f)</sup> | 100142180 | 0  |
|  Go North Group AB - Class C<sup>(c)(f)</sup> | 701211745 | 0  |
|  Go North Group AB - Class D<sup>(c)(f)</sup> | 600000000 | 0  |
|  |  | 0  |
| **Manufacturing - 0.1%**<br>|  |  |
|  Cannabist Co. Holdings, Inc.<sup>(c)(f)</sup> | 4027595 | 0  |
|  Cannabist Co. Holdings, Inc.<sup>(f)</sup> | 4027595 | 0  |
| Prosomnus Equity<sup>(c)(f)(l)</sup> | 996799 | 996799  |
|  |  | 996799  |
| **Retail Trade - 0.0%<sup>(e)</sup>**<br>|  |  |
| The Container Store, Inc.<sup>(f)</sup> | 252306 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $1,280,965)** |  | 1305884 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **RIGHTS - 0.0%<sup>(e)</sup>**<br>|  |  |
| **Finance and Insurance - 0.0%<sup>(e)</sup>** |  |  |
|  K2 Capital Acquisition Corp., Expires 07/30/2027, Exercise Price $10.00<sup>(f)</sup> | 208000 | $43680  |
|  McKinley Acquisition Corp., Expires 07/25/2030, Exercise Price $10.00<sup>(f)</sup> | 123355 | 13575  |
|  Westin Acquisition Corp., Expires 09/17/2030, Exercise Price $10.00<sup>(f)</sup> | 110800 | 21058  |
|  XFLH Capital Corp., Expires 12/31/2029, Exercise Price $10.00<sup>(f)</sup> | 416000 | 52000  |
| &nbsp;&nbsp;&nbsp; **TOTAL RIGHTS** <br>**(Cost $123,071)** |  | 130313 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(e)</sup>**<br>|  |  |
| &nbsp;&nbsp;&nbsp; **Administrative and Support and Waste Management and Remediation** <br>**Services - 0.0%<sup>(e)</sup>**<br>|  |  |
|  Leapfrog Acquisition Corp., Expires 01/26/2031, Exercise Price $11.50<sup>(f)</sup> | 24500 | 6254  |
| **Finance and Insurance - 0.0%<sup>(e)</sup>** |  |  |
|  Daedalus Special Acquisition Corp., Expires 09/17/2030, Exercise Price $11.50<sup>(f)</sup> | 20000 | 8395  |
| **Information - 0.0%<sup>(e)</sup>**<br>|  |  |
|  Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00<sup>(f)</sup> | 36943 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $15,463)** |  | 14649 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 8.2%** |  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(j)</sup> | 44687057 | 44687057  |
|  First American Treasury Obligations Fund - Class X, 3.59%<sup>(j)</sup> | 82319169 | 82319169  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $127,006,226)** |  | 127006226 |

---

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

6<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **COMMERCIAL PAPER - 7.0%** | **COMMERCIAL PAPER - 7.0%** | **COMMERCIAL PAPER - 7.0%** |
| **Consumer Discretionary - 3.5%** |  |  |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co., <br>4.30%, 04/09/2026<sup>(a)(k)</sup> | $26820000 | $26792142  |
|  Stanley Black & Decker, Inc., 4.25%, 04/20/2026<sup>(a)(k)</sup> | 27465000 | 27403424  |
|  |  | 54195566  |
| **Consumer Staples - 1.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., <br>4.35%, 04/24/2026<sup>(a)(k)</sup> | 29595000 | 29510838  |
| **Finance and Insurance - 1.4%** |  |  |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc., <br>4.29%, 04/14/2026<sup>(a)(k)</sup> | 21735000 | 21699474  |
| **Manufacturing - 0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Jabil, Inc., <br>4.07%, 04/09/2026<sup>(a)(k)</sup> | 3500000 | 3496082  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL PAPER** <br>**(Cost $108,910,065)** |  | 108901960  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 101.2%** <br>**(Cost $1,597,051,084)** |  | $1574673990  |
|  Liabilities in Excess of Other Assets - (1.2)% |  | (18196137)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $1556477853 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

AB - Aktiebolag

ASA - Advanced Subscription Agreement

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

NIBOR - Norway Interbank Offered Rate

PIK - Payment in Kind

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate

STIBOR - Stockholm Interbank Offered Rate

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $566,456,018 or 36.4% of the Fund's net assets.

<sup>(b)</sup> Step coupon bond. The rate disclosed is as of March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;

<sup>(c)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $55,960,203 or 3.6% of net assets as of March 31, 2026.

<sup>(d)</sup> Security is currently in default.

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

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

<sup>(g)</sup> Zero coupon bonds make no periodic interest payments.

<sup>(h)</sup> Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of March 31, 2026.

<sup>(i)</sup> Security subject to the Alternative Minimum Tax ("AMT"). As of March 31, 2026, the total value of securities subject to the AMT was $2,501,192 or 0.2% of net assets.

<sup>(j)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(k)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(l)</sup> Privately held.

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

7<br>

------

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**SCHEDULE OF FORWARD CURRENCY CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | **Currency** <br>**Sold** | **Currency** <br>**Sold** | **Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | EUR | 2575000 | USD | 2971164 | $11629  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 33386755 | NOK | 322900000 | 48799  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 64029499 | SEK | 592990000 | 1240531  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | NOK | 9980000 | USD | 1046023 | (15633)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | SEK | 2260000 | USD | 242037 | (2737)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 124518146 | EUR | 107710000 | (249457)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $1033132 |

---

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

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

8<br>

------

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

**CROSSINGBRIDGE NORDIC HIGH INCOME BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 74.0%** | **CORPORATE BONDS - 74.0%** | **CORPORATE BONDS - 74.0%** | **CORPORATE BONDS - 74.0%** |
| **Communications - 6.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Fable Media Group AB, <br>9.00%, 11/11/2028 | SEK | 12500000 | $1313823  |
| &nbsp;&nbsp;&nbsp; Fonecta Group Oy, 7.91% <br>(3 mo. EURIBOR + 5.75%), 12/17/2029 | EUR | 1000000 | 1158773  |
| &nbsp;&nbsp;&nbsp; Gentoo Media PLC, 9.29% <br>(3 mo. STIBOR + 7.25%), 12/18/2026 | SEK | 3475000 | 354689  |
|  HomeToGo SE, 9.80% (3 mo. EURIBOR + 7.75%), 03/10/2031 | EUR | 1350000 | 1513593  |
| &nbsp;&nbsp;&nbsp; Kolibri Beteiligungsgesellschaft mbH & Co. KGaA, 8.99% <br>(3 mo. EURIBOR + 7.00%), 02/13/2029<sup>(a)</sup> | EUR | 750000 | 897233  |
| &nbsp;&nbsp;&nbsp; NoA BidCo AS, 11.63% <br>(3 mo. NIBOR + 7.50%), 04/15/2027 | NOK | 1250000 | 131352  |
|  |  |  | 5369463  |
| **Consumer Discretionary - 13.0%** | **Consumer Discretionary - 13.0%** | **Consumer Discretionary - 13.0%** | **Consumer Discretionary - 13.0%** |
| &nbsp;&nbsp;&nbsp; 3t Global Bidco PLC, <br>11.25%, 05/22/2028 |  | 500000 | 488125  |
|  Amwood AB, 8.24% (3 mo. STIBOR + 6.25%), 10/25/2027 | SEK | 18750000 | 1346833  |
|  Booster Precision Components GmbH, 11.01% (3 mo. EURIBOR + 9.00%), 11/28/2026 | EUR | 686000 | 590723  |
| &nbsp;&nbsp;&nbsp; BOS GmbH & Co. KG, <br>11.13% (3 mo. EURIBOR + 9.00%), 06/25/2029 | EUR | 800000 | 910814  |
|  European Entertainment Intressenter BidCo AB, 9.28% (3 mo. EURIBOR + 7.25%), 09/29/2030 | EUR | 1200000 | 1341948  |
| &nbsp;&nbsp;&nbsp; Felleskjopet Agri SA, 6.02% <br>(3 mo. NIBOR + 1.75%), 03/19/2030 | NOK | 11000000 | 1145293  |
| &nbsp;&nbsp;&nbsp; Keyto Group AB, 7.25% <br>(3 mo. STIBOR + 5.25%), 05/08/2029 | SEK | 8750000 | 947213  |
|  LR Health & Beauty SE, 9.57% (EURIBOR + 7.50%), 03/06/2028 | EUR | 162425 | 187740  |
| &nbsp;&nbsp;&nbsp; OP Holdco GmbH, 8.54% <br>(3 mo. EURIBOR + 6.50%), 06/05/2029<sup>(a)</sup> | EUR | 600000 | 665773  |
| &nbsp;&nbsp;&nbsp; Tier Mobility SE, 10.04% <br>(3 mo. EURIBOR + 8.00%), 10/27/2029 | EUR | 1693000 | 1934849  |
|  Vend Marketplaces ASA, 4.97% (3 mo. NIBOR + 0.78%), 11/25/2026 | NOK | 10000000 | 1036240  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; View Ledger AS, 8.61% <br>(3 mo. NIBOR + 4.50%), 01/31/2029 | NOK | 7500000 | $783275  |
|  |  |  | 11378826  |
| **Consumer Staples - 5.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Greenfood AB, 9.00% <br>(3 mo. STIBOR + 7.00%), 11/13/2028 | SEK | 2500000 | 278280  |
| Groentvedt AS<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 0.00%, 03/04/2029<sup>(b)(c)</sup> | NOK | 7500000 | 464737  |
| &nbsp;&nbsp;&nbsp; 0.00%, 03/04/2029<sup>(b)(c)</sup> | NOK | 3750000 | 174276  |
| &nbsp;&nbsp;&nbsp; Loch Duart PLC, 10.48% <br>(3 mo. NIBOR + 6.35%), 11/06/2028 | NOK | 5000000 | 506758  |
| &nbsp;&nbsp;&nbsp; Neptune Bidco AS, 11.06% <br>(3 mo. NIBOR + 6.75%), 06/28/2028 | NOK | 1250000 | 104028  |
| &nbsp;&nbsp;&nbsp; Nexus Newco BV, 8.53% <br>(3 mo. EURIBOR + 6.50%), 06/04/2030 | EUR | 1200000 | 1439040  |
| Okechamp Global BV<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 9.48% (3 mo. EURIBOR + 7.50%), 11/14/2028 | EUR | 512176 | 355201  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.48% (or 9.48% PIK) <br>(3 mo. EURIBOR + 7.50%), 11/14/2028 | EUR | 12465 | 8644  |
| Salmar ASA<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.47% (3 mo. NIBOR + 1.35%), 01/22/2027 | NOK | 5000000 | 519731  |
| &nbsp;&nbsp;&nbsp; 5.26% (3 mo. NIBOR + 1.15%), 01/30/2030 | NOK | 7000000 | 724172  |
|  |  |  | 4574867  |
| **Energy - 2.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Forum Energy Technologies, Inc., <br>10.50%, 11/07/2029 |  | 900000 | 948187  |
| &nbsp;&nbsp;&nbsp; Golar LNG Ltd., <br>7.50%, 10/02/2030<sup>(a)</sup> |  | 1464000 | 1481779  |
|  |  |  | 2429966  |
| **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** |  |  |
|  Mutares SE & Co. KGaA, 8.40% (3 mo. EURIBOR + 6.25%), 09/19/2029 | EUR | 200000 | 229148  |
| **Health Care and Social Assistance - 6.1%** | **Health Care and Social Assistance - 6.1%** | **Health Care and Social Assistance - 6.1%** | **Health Care and Social Assistance - 6.1%** |
|  Formycon AG, 9.03% (3 mo. EURIBOR + 7.00%), 07/09/2029 | EUR | 1400000 | 1557515  |
| &nbsp;&nbsp;&nbsp; Genmab AS, <br>6.25%, 12/15/2032<sup>(a)</sup> |  | 584000 | 597500  |
|  Magle Chemoswed Holding AB, 8.66% (3 mo. STIBOR + 6.50%), 07/04/2028 | SEK | 13750000 | 1270909  |
|  Specac International Ltd., 10.17% (3 mo. Term SOFR + 6.50%), 09/16/2030<sup>(a)</sup> |  | 1875000 | 1893750  |
|  |  |  | 5319674  |

---

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

9<br>

------

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

**CROSSINGBRIDGE NORDIC HIGH INCOME BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  |
| **Holding Companies - 7.5%**<br>|  |  |  |
|  Aker ASA, 6.00% (3 mo. NIBOR + 1.87%), 01/15/2029<sup>(a)</sup> | NOK | 1500000 | $157513  |
| &nbsp;&nbsp;&nbsp; Dura Sverige AB, 10.69% <br>(3 mo. STIBOR + 8.50%), 06/30/2028 | SEK | 10000000 | 1061567  |
| &nbsp;&nbsp;&nbsp; JDC Group AG, 6.51% <br>(3 mo. EURIBOR + 4.50%), 08/28/2029<sup>(a)</sup> | EUR | 896000 | 1040825  |
| &nbsp;&nbsp;&nbsp; Neptunia Invest AB, 6.73% <br>(3 mo. STIBOR + 4.75%), 03/05/2028 | SEK | 3750000 | 396128  |
|  Nordwest Industrie Group GmbH, 8.79% (3 mo. EURIBOR + 6.75%), 11/06/2028<sup>(a)</sup> | EUR | 660000 | 381432  |
| &nbsp;&nbsp;&nbsp; Novedo Holding AB, 9.08% <br>(3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 5000000 | 472712  |
| &nbsp;&nbsp;&nbsp; Qflow Group AB, 7.63% <br>(3 mo. STIBOR + 5.50%), 09/25/2028 | SEK | 11250000 | 1204291  |
|  Stockwik Forvaltning AB, 9.42% (3 mo. STIBOR + 7.25%), 06/26/2029<sup>(a)</sup> | SEK | 16250000 | 1816074  |
|  |  |  | 6530542  |
| **Industrials - 11.3%**<br>|  |  |  |
|  Beelux Sarl, 9.08% (3 mo. EURIBOR + 7.00%), 03/14/2028<sup>(b)</sup> | EUR | 890105 | 974819  |
|  Eqva ASA, 11.86% (3 mo. NIBOR + 7.75%), 02/04/2030<sup>(a)</sup> | NOK | 2000000 | 205517  |
| &nbsp;&nbsp;&nbsp; Magellan Bidco Sarl, 7.15% <br>(3 mo. EURIBOR + 5.00%), 12/19/2029 | EUR | 800000 | 900411  |
|  Performance Shipping, Inc., 9.88%, 07/17/2029<sup>(a)</sup> |  | 625000 | 647991  |
| &nbsp;&nbsp;&nbsp; Posten Bring AS, <br>2.13%, 11/25/2026 | NOK | 14000000 | 1421207  |
|  Seapeak LLC, 9.10% (3 mo. NIBOR + 4.90%), 11/18/2026 | NOK | 9000000 | 937164  |
| &nbsp;&nbsp;&nbsp; SFL Corp. Ltd., <br>7.75%, 01/29/2030<sup>(a)</sup> |  | 400000 | 408250  |
| &nbsp;&nbsp;&nbsp; SLR Group GmbH, 9.03% <br>(3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 643150 | 732238  |
| &nbsp;&nbsp;&nbsp; Stolt-Nielsen Ltd., 7.44% <br>(3 mo. NIBOR + 3.15%), 09/26/2028<sup>(a)</sup> | NOK | 15500000 | 1640379  |
| &nbsp;&nbsp;&nbsp; Twma Finance AS, <br>12.25%, 02/10/2029<sup>(a)</sup> |  | 837000 | 855832  |
| &nbsp;&nbsp;&nbsp; Tyre Midco Ltd., <br>11.50% (or 3.00% PIK), 12/02/2029 |  | 604500 | 606797  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; Vegfinans Viken AS, <br>4.72% (3 mo. NIBOR + 0.43%), 06/26/2026 | NOK | 5000000 | $516879  |
|  |  |  | 9847484  |
| **Manufacturing - 0.8%**<br>|  |  |  |
|  Elkem ASA, 5.71% (3 mo. NIBOR + 1.55%), 08/31/2028 | NOK | 7000000 | 725911  |
| **Materials - 5.9%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Alltub Group SAS, 8.50% <br>(3 mo. EURIBOR + 6.50%), 04/30/2030 | EUR | 863000 | 1032416  |
|  Duran Life Science Holding GmbH, 8.51% (3 mo. EURIBOR + 6.50%), 05/31/2030 | EUR | 934000 | 1084967  |
|  Geveko AB, 6.68% (3 mo. EURIBOR + 4.50%), 12/26/2028 | EUR | 1500000 | 1757710  |
|  Newco Holding Eur 29 Sarl, 11.00%, 02/20/2030<sup>(a)</sup> |  | 1375000 | 1332031  |
|  |  |  | 5207124  |
| **Real Estate - 0.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Boras V-tyget 1 AB, 7.75% <br>(3 mo. STIBOR + 5.75%), 04/29/2027 | SEK | 6300000 | 677186  |
| **Technology - 6.9%**<br>|  |  |  |
|  B3 Consulting Group AB, 7.08% (3 mo. STIBOR + 5.00%), 06/24/2027 | SEK | 12500000 | 1326533  |
| &nbsp;&nbsp;&nbsp; Goldcup 100865 AB, 7.45% <br>(3 mo. STIBOR + 5.50%), 07/11/2028 | SEK | 1250000 | 134956  |
|  Hawk Infinity Software AS, 10.63% (3 mo. NIBOR + 6.50%), 10/15/2029<sup>(a)(b)</sup> | NOK | 8300000 | 816251  |
| &nbsp;&nbsp;&nbsp; Pamica Group AB, 7.66% <br>(3 mo. STIBOR + 5.50%), 12/05/2027 | SEK | 11250000 | 1194324  |
| &nbsp;&nbsp;&nbsp; Platform Group AG, <br>8.88%, 07/11/2028 | EUR | 500000 | 476790  |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 1000000 | 1038825  |
|  Verve Group SE, 6.12% (3 mo. EURIBOR + 4.00%), 04/01/2029<sup>(a)</sup> | EUR | 1000000 | 1051829  |
|  |  |  | 6039508  |
| **Utilities - 7.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Arva AS, 4.97% <br>(3 mo. NIBOR + 0.80%), 09/02/2030 | NOK | 13000000 | 1343428  |
| &nbsp;&nbsp;&nbsp; Eidsiva Energi AS, <br>2.35%, 04/20/2026 | NOK | 16000000 | 1651444 |

---

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

10<br>

------

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

**CROSSINGBRIDGE NORDIC HIGH INCOME BOND FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  |
| **Utilities - (Continued)** <br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Nord-troendelag Elektrisitetsverk AS, <br>4.86%, 09/10/2032 | NOK | 14000000 | $1405004  |
| &nbsp;&nbsp;&nbsp; Statnett SF, <br>4.60%, 05/12/2031 | NOK | 20000000 | 2018484  |
|  |  |  | 6418360  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $62,898,637)** |  |  | 64748059  |
|  **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 6.4%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 6.4%** |  |  |
| Norway Government Bond<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 02/17/2027<sup>(a)</sup> | NOK | 25000000 | 2525038  |
| &nbsp;&nbsp;&nbsp; 2.00%, 04/26/2028<sup>(a)</sup> | NOK | 25000000 | 2459620  |
| &nbsp;&nbsp;&nbsp; 3.75%, 06/12/2035<sup>(a)</sup> | NOK | 6250000 | 617099  |
| &nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** <br>**(Cost $5,560,311)** |  |  | 5601757  |
| **BANK LOANS - 2.1%**<br>|  |  |  |
|  **Professional, Scientific, and Technical Services - 2.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; CCIT Holdings AS, <br>10.00% (or 3.00% PIK), 02/28/2029<sup>(d)(f)</sup> | EUR | 1535793 | 1775155  |
| &nbsp;&nbsp;&nbsp; **TOTAL BANK LOANS** <br>**(Cost $1,580,421)** |  |  | 1775155 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 11.5%** | **MONEY MARKET FUNDS - 11.5%** | **MONEY MARKET FUNDS - 11.5%** |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(e)</sup> | 5052008 | 5052008  |
|  First American Treasury Obligations Fund - Class X, 3.59%<sup>(e)</sup> | 5052007 | 5052007  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $10,104,015)** |  | 10104015  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 94.0%** <br>**(Cost $80,143,384)** |  | $82228986  |
|  Other Assets in Excess of Liabilities - 6.0% |  | 5282881  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $87511867 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

AB - Aktiebolag

ASA - Advanced Subscription Agreement

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

NIBOR - Norway Interbank Offered Rate

PIK - Payment in Kind

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate

STIBOR - Stockholm Interbank Offered Rate

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $21,491,716 or 24.6% of the Fund's net assets.

<sup>(b)</sup> Step coupon bond. The rate disclosed is as of March 31, 2026.

<sup>(c)</sup> Zero coupon bonds make no periodic interest payments.

<sup>(d)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $1,775,155 or 2.0% of net assets as of March 31, 2026.

<sup>(e)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(f)</sup> Privately held.

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

11<br>

------

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

**CROSSINGBRIDGE NORDIC HIGH INCOME BOND FUND** 

**SCHEDULE OF FORWARD CURRENCY CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | **Currency** <br>**Sold** | **Currency** <br>**Sold** | **Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 23039364 | NOK | 223040000 | &nbsp;&nbsp; $11499  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 14388748 | SEK | 133290000 | &nbsp;&nbsp; 275287  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 24102211 | EUR | 20849000 | &nbsp;&nbsp; (48562)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; $238224 |

---

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

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

12<br>

------

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

**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 62.2%** | **CORPORATE BONDS - 62.2%** | **CORPORATE BONDS - 62.2%** | **CORPORATE BONDS - 62.2%** |
|  **Accommodation and Food Services - 4.5%**<br>|  |  |  |
|  GrubHub Holdings, Inc., 13.00% (or 6.00% PIK), 07/31/2030<sup>(a)</sup> |  | $1344275 | $1063796  |
| &nbsp;&nbsp;&nbsp; Travel + Leisure Co., <br>6.63%, 07/31/2026<sup>(a)</sup> |  | 964000 | 965425  |
|  |  |  | 2029221  |
| &nbsp;&nbsp;&nbsp; **Administrative and Support and Waste Management and Remediation** <br>**Services - 2.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Uber Technologies, Inc., <br>4.50%, 08/15/2029<sup>(a)</sup> |  | 1000000 | 992322  |
| **Communications - 0.3%**<br>|  |  |  |
|  Genexis International AB, 9.56% (3 mo. EURIBOR + 7.50%), 09/06/2026 | EUR | 200000 | 143326  |
| **Consumer Discretionary - 5.4%** | **Consumer Discretionary - 5.4%** |  |  |
|  BOS GmbH & Co. KG, 11.13% (3 mo. EURIBOR + 9.00%), 06/25/2029 | EUR | 700000 | 796962  |
| &nbsp;&nbsp;&nbsp; Felleskjopet Agri SA, 6.02% <br>(3 mo. NIBOR + 1.75%), 03/19/2030 | NOK | 9000000 | 937058  |
| &nbsp;&nbsp;&nbsp; Keyto Group AB, 7.25% <br>(3 mo. STIBOR + 5.25%), 05/08/2029 | SEK | 6250000 | 676581  |
|  |  |  | 2410601  |
| **Consumer Staples - 2.4%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Nexus Newco BV, 8.53% <br>(3 mo. EURIBOR + 6.50%), 06/04/2030 | EUR | 900000 | 1079280  |
| **Energy - 1.7%**<br>|  |  |  |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 700000 | 737479  |
| **Finance and Insurance - 1.8%**<br>|  |  |  |
|  Stonex Escrow Issuer LLC, 6.88%, 07/15/2032<sup>(a)</sup> |  | 770000 | 778197  |
|  **Health Care and Social Assistance - 5.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Formycon AG, 9.03% <br>(3 mo. EURIBOR + 7.00%), 07/09/2029 | EUR | 1213000 | 1349476  |
| &nbsp;&nbsp;&nbsp; Magle Chemoswed Holding AB,<br>8.66% (3 mo. STIBOR + 6.50%), 07/04/2028 | SEK | 12500000 | 1155372  |
|  |  |  | 2504848  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **Holding Companies - 7.3%**<br>|  |  |  |
|  JDC Group AG, 6.51% (3 mo. EURIBOR + 4.50%), 08/28/2029<sup>(a)</sup> | EUR | 574000 | $666778  |
|  Nordwest Industrie Group GmbH, 8.79% (3 mo. EURIBOR + 6.75%), 11/06/2028<sup>(a)</sup> | EUR | 880000 | 508577  |
| &nbsp;&nbsp;&nbsp; Novedo Holding AB, 9.08% <br>(3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 10000000 | 945424  |
|  Stockwik Forvaltning AB, 9.42% (3 mo. STIBOR + 7.25%), 06/26/2029<sup>(a)</sup> | SEK | 10000000 | 1117584  |
|  |  |  | 3238363  |
| **Industrials - 0.7%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; SLR Group GmbH, 9.03% <br>(3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 282850 | 322030  |
| **Information - 6.9%**<br>|  |  |  |
| Cabonline Group Holding AB<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.00%, 03/19/2028 | SEK | 6292000 | 627267  |
| &nbsp;&nbsp;&nbsp; 12.00%, 03/19/2028 | SEK | 3364000 | 337444  |
| &nbsp;&nbsp;&nbsp; Calligo UK Ltd., 9.14% <br>(or 9.14% PIK) (3 mo. EURIBOR + 7.00%), 12/29/2028 | EUR | 112898 | 16964  |
| &nbsp;&nbsp;&nbsp; GCI LLC, <br>4.75%, 10/15/2028<sup>(a)</sup> |  | 1000000 | 962997  |
|  Go North Group AB, 10.00% (or 10.00% PIK) (SOFR + 5.76%), 01/22/2030<sup>(b)</sup> |  | 329496 | 154863  |
|  SS&C Technologies, Inc., 5.50%, 09/30/2027<sup>(a)</sup> |  | 1000000 | 1001409  |
|  |  |  | 3100944  |
| **Manufacturing - 3.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Dell International LLC, <br>4.90%, 10/01/2026 |  | 1370000 | 1372001  |
|  Secop Group Holding GmbH, 10.54% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 150000 | 174680  |
|  |  |  | 1546681  |
| **Materials - 2.9%**<br>|  |  |  |
|  Duran Life Science Holding GmbH, 8.51% (3 mo. EURIBOR + 6.50%), 05/31/2030 | EUR | 622000 | 722537  |
|  Geveko AB, 6.68% (3 mo. EURIBOR + 4.50%), 12/26/2028 | EUR | 500000 | 585903  |
|  |  |  | 1308440  |

---

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

13<br>

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

**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 62.2%**  | **CORPORATE BONDS - 62.2%**  | **CORPORATE BONDS - 62.2%**  | **CORPORATE BONDS - 62.2%**  |
|  **Mining, Quarrying, and Oil and Gas Extraction - 3.7%**<br>|  |  |  |
|  Kodiak Gas Services LLC, 7.25%, 02/15/2029<sup>(a)</sup> |  | $1575000 | $1632661  |
|  **Professional, Scientific, and Technical Services - 4.4%**<br>|  |  |  |
| Getty Images, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 14.00%, 03/01/2028<sup>(a)</sup> |  | 279000 | 265757  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/2030 |  | 657000 | 585180  |
| Oracle Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/15/2026 |  | 673000 | 669346  |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/01/2027 |  | 444000 | 436474  |
|  |  |  | 1956757  |
| **Retail Trade - 2.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; CVS Health Corp., <br>2.88%, 06/01/2026 |  | 1000000 | 997499  |
| **Technology - 2.9%**<br>|  |  |  |
|  Hawk Infinity Software AS, 10.63% (3 mo. NIBOR + 6.50%), 10/15/2029<sup>(a)(c)</sup> | NOK | 2500000 | 245859  |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 600000 | 623295  |
|  Verve Group SE, 6.12% (3 mo. EURIBOR + 4.00%), 04/01/2029<sup>(a)</sup> | EUR | 414000 | 435457  |
|  |  |  | 1304611  |
|  **Transportation and Warehousing - 2.0%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Summit Midstream Holdings LLC, <br>8.63%, 10/31/2029<sup>(a)</sup> |  | 871000 | 895901  |
| **Utilities - 1.8%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Statnett SF, <br>4.60%, 05/12/2031 | NOK | 8000000 | 807394  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $28,734,878)** |  |  | 27786555 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  |  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 12.0%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 12.0%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 12.0%** |
|  Agriculture & Natural Solutions Acquisition Corp.<sup>(d)</sup> | 75000 | 846000  |
|  Inflection Point Acquisition Corp. III<sup>(d)</sup> | 100000 | 1021000  |
|  Launch One Acquisition Corp.<sup>(d)</sup> | 63031 | 675377  |
|  Live Oak Acquisition Corp. V - Class A<sup>(d)</sup> | 100000 | 1040000  |
|  Mercer Park Opportunities Corp.<sup>(b)(d)</sup> | 95000 | 1007950 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value** |
|  Siddhi Acquisition Corp. - Class A<sup>(d)</sup> | 25000 | $259500  |
|  Soulpower Acquisition Corp. - Class A<sup>(d)</sup> | 50000 | 512500  |
| &nbsp;&nbsp;&nbsp; **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** <br>**(Cost $5,296,969)** |  | 5362327 |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  |  |
| **BANK LOANS - 5.2%**<br>|  |  |
| **Consumer Discretionary - 1.7%** |  |  |
|  Elevate Textiles, Inc., 12.31% (3 mo. Term SOFR + 8.65%), 09/30/2027 | $757575 | 761363  |
| **Information - 1.3%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Audacy Capital LLC, 9.78% <br>(1 mo. Term SOFR + 6.00%), 09/30/2029 | 785971 | 595653  |
| **Retail Trade - 2.2%**<br>|  |  |
| Mountaineer Merger Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.65% (or 7.00% PIK) <br>(1 mo. Term SOFR + 8.00%), 06/16/2030<sup>(b)</sup> | 105876 | 105876  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.67% (or 7.00% PIK) <br>(3 mo. Term SOFR + 8.00%), 06/16/2030<sup>(b)</sup> | 35803 | 35803  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc., 9.20% (or 8.63% PIK) <br>(6 mo. Term SOFR + 5.00%), 07/30/2029<sup>(b)(e)</sup> | 84635 | 14727  |
|  The Container Store, Inc. First Out Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> | 190666 | 118022  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Priming Loan, 10.17% <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> | 220541 | 220541  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Rolled Up First Out Loan, 10.17% (or 10.17% PIK) <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> | 218999 | 135560  |
|  The Container Store, Inc. Super Senior Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> | 325019 | 325019  |
|  |  | 955548  |
| &nbsp;&nbsp;&nbsp; **TOTAL BANK LOANS** <br>**(Cost $2,603,390)** |  | 2312564 |

---

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

14<br>

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

**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par**  | **Value** |
| **CONVERTIBLE BONDS - 1.9%** | **CONVERTIBLE BONDS - 1.9%** | **CONVERTIBLE BONDS - 1.9%** | **CONVERTIBLE BONDS - 1.9%** |
|  **Accommodation and Food Services - 1.9%**<br>|  |  |  |
|  Braemar Hotels & Resorts, Inc., 4.50%, 06/01/2026 |  | $843000 | $830355  |
| **Information - 0.0%<sup>(f)</sup>**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Go North Group AB, <br>0.00%, 12/31/2050<sup>(b)(e)(g)</sup> | SEK | 1722507 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE BONDS** <br>**(Cost $837,611)** |  |  | 830355 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  |  |
| **PREFERRED STOCKS - 1.8%** | **PREFERRED STOCKS - 1.8%** | **PREFERRED STOCKS - 1.8%** |
| **Retail Trade - 0.3%**<br>|  |  |
|  Preferred A Mountaineer Merger, 0.00%<sup>(b)</sup> | 277392 | 110957  |
|  Preferred B Mountaineer Merger, 0.00%<sup>(b)</sup> | 199699 | 0  |
|  |  | 110957  |
| **Wholesale Trade - 1.5%**<br>|  |  |
|  NGL Energy Partners LP, Series B, 11.15% (3 mo. Term SOFR + 7.47%), Perpetual<sup>(d)</sup> | 27846 | 687239  |
| &nbsp;&nbsp;&nbsp; **TOTAL PREFERRED STOCKS** <br>**(Cost $688,013)** |  | 798196  |
| **COMMON STOCKS - 1.2%**<br>|  |  |
| **Finance and Insurance - 0.9%**<br>|  |  |
| Euronet Worldwide, Inc.<sup>(d)</sup> | 6014 | 399149  |
| **Information - 0.0%<sup>(f)</sup>**<br>|  |  |
|  Go North Group AB - Class B<sup>(b)(d)</sup> | 3652178 | 0  |
|  Go North Group AB - Class C<sup>(b)(d)</sup> | 30357144 | 0  |
|  |  | 0  |
| **Manufacturing - 0.3%**<br>|  |  |
| RA Parent, Inc.<sup>(b)(d)</sup> | 3 | 159000  |
| **Retail Trade - 0.0%<sup>(f)</sup>**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Mountaineer Merger <br>Corp.<sup>(b)(d)</sup> | 477091 | 0  |
| The Container Store, Inc.<sup>(d)</sup> | 23925 | 0  |
|  |  | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $604,389)** |  | 558149 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT** <br>**TRUSTS - PREFERRED - 0.3%** | &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT** <br>**TRUSTS - PREFERRED - 0.3%** | &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT** <br>**TRUSTS - PREFERRED - 0.3%** |
|  **Real Estate and Rental and Leasing - 0.3%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; CTO Realty Growth, Inc., Series A, 6.38%, <br>Perpetual | 7859 | $158909  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** <br>**(Cost $157,919)** |  | 158909 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts**  |  |
| **WARRANTS - 0.0%<sup>(f)</sup>**<br>|  |  |
| **Information - 0.0%<sup>(f)</sup>**<br>|  |  |
|  Audacy Warrants, Expires 09/30/2029, Exercise Price $0.01<sup>(d)</sup> | 1434 | 4302  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $40,641)** |  | 4302 |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 8.9%** | **COMMERCIAL PAPER - 8.9%** | **COMMERCIAL PAPER - 8.9%** |
| **Consumer Discretionary - 4.1%** |  |  |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co., <br>4.31%, 04/16/2026<sup>(a)(h)</sup> | $845000 | 843420  |
|  Stanley Black & Decker, Inc., 4.25%, 04/20/2026<sup>(a)(h)</sup> | 1000000 | 997758  |
|  |  | 1841178  |
| **Consumer Staples - 2.1%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., <br>4.35%, 04/24/2026<sup>(a)(h)</sup> | 931000 | 928353  |
|  **Health Care and Social Assistance - 2.0%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; HCA, Inc., <br>4.17%, 04/29/2026<sup>(a)(h)</sup> | 885000 | 881918  |
|  **Professional, Scientific, and Technical Services - 0.7%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Oracle Corp., <br>4.52%, 09/16/2026<sup>(a)(h)</sup> | 300000 | 293736  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL PAPER** <br>**(Cost $3,945,744)** |  | 3945185 |

---

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

15<br>

------

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

**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value** |
| **MONEY MARKET FUNDS - 7.0%** | **MONEY MARKET FUNDS - 7.0%** | **MONEY MARKET FUNDS - 7.0%** |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(i)</sup> | 648604 | $648604 |
|  First American Treasury Obligations Fund - Class X, 3.59%<sup>(i)</sup> | 2491042 | 2491042  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $3,139,646)** |  | 3139646  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 100.5%**<br>**(Cost $46,049,200)** |  | $44896188  |
|  Liabilities in Excess of Other Assets - (0.5)% |  | (215095)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $44681093 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

AB - Aktiebolag

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

NIBOR - Norway Interbank Offered Rate

PIK - Payment in Kind

SOFR - Secured Overnight Financing Rate

STIBOR - Stockholm Interbank Offered Rate

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $15,477,905 or 34.6% of the Fund's net assets.

<sup>(b)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $2,388,318 or 5.3% of net assets as of March 31, 2026.

<sup>(c)</sup> Step coupon bond. The rate disclosed is as of March 31, 2026.

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

<sup>(e)</sup> Security is currently in default.

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

<sup>(g)</sup> Zero coupon bonds make no periodic interest payments.

<sup>(h)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(i)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

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

16<br>

------

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

**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**SCHEDULE OF FORWARD CURRENCY CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | **Currency** <br>**Sold** | **Currency** <br>**Sold** | **Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | EUR | 85000 | USD | 98077 | &nbsp;&nbsp; $384  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 1910562 | NOK | 18478000 | &nbsp;&nbsp; 2792  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 5257958 | SEK | 48695000 | &nbsp;&nbsp; 101870  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 7317797 | EUR | 6330000 | &nbsp;&nbsp; (14660)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; $90386 |

---

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

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

17<br>

------

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 80.4%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 80.4%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 80.4%** |
| &nbsp;&nbsp;&nbsp; Andretti Acquisition Corp. II - <br>Class A<sup>(a)</sup> | 371 | $3953  |
| Apex Treasury Corp. - Class A<sup>(a)</sup> | 50000 | 499500  |
| Artius II Acquisition, Inc. - Class A<sup>(a)</sup> | 25000 | 258250  |
| Berto Acquisition Corp.<sup>(a)</sup> | 20000 | 205000  |
|  Black Hawk Acquisition Corp. - Class A<sup>(a)</sup> | 3024 | 34927  |
| &nbsp;&nbsp;&nbsp; Bluerock Acquisition Corp. - <br>Class A<sup>(a)</sup> | 20000 | 198100  |
|  Cantor Equity Partners III, Inc. - Class A<sup>(a)</sup> | 44839 | 462290  |
| DT Cloud Star Acquisition Corp.<sup>(a)</sup> | 46100 | 510327  |
| Eureka Acquisition Corp.<sup>(a)</sup> | 42921 | 486724  |
| Fact II Acquisition Corp.<sup>(a)</sup> | 1001 | 10515  |
| FG Merger II Corp.<sup>(a)</sup> | 26250 | 265125  |
| Flag Ship Acquisition Corp.<sup>(a)</sup> | 44906 | 491272  |
|  General Purpose Acquisition Corp. - Class A<sup>(a)</sup> | 50000 | 495500  |
| Indigo Acquisition Corp.<sup>(a)</sup> | 25000 | 253500  |
| &nbsp;&nbsp;&nbsp; Inflection Point Acquisition <br>Corp. III<sup>(a)</sup> | 400 | 4084  |
| Insight Digital Partners II - Class A<sup>(a)</sup> | 24985 | 248851  |
| &nbsp;&nbsp;&nbsp; ITHAX Acquisition Corp. III - <br>Class A<sup>(a)</sup> | 25000 | 247500  |
| Jackson Acquisition Co. II - Class A<sup>(a)</sup> | 15017 | 159030  |
| Leapfrog Acquisition Corp.<sup>(a)</sup> | 20000 | 198500  |
| Melar Acquisition Corp. I - Class A<sup>(a)</sup> | 25000 | 269750  |
| Mercer Park Opportunities Corp.<sup>(a)(b)</sup> | 130900 | 1388849  |
|  Mountain Lake Acquisition Corp. - Class A<sup>(a)</sup> | 1000 | 10530  |
| Quetta Acquisition Corp.<sup>(a)</sup> | 72661 | 828699  |
| Siddhi Acquisition Corp. - Class A<sup>(a)</sup> | 40000 | 415200  |
| Silverbox Corp. IV - Class A<sup>(a)</sup> | 48400 | 517880  |
| Titan Acquisition Corp. - Class A<sup>(a)</sup> | 27000 | 278910  |
|  Twelve Seas Investment Co. III - Class A<sup>(a)</sup> | 30000 | 297300  |
| Voyager Acquisition Corp.<sup>(a)</sup> | 10774 | 115389  |
| &nbsp;&nbsp;&nbsp; **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** <br>**(Cost $8,885,385)** |  | 9155455 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** |  |
| **CORPORATE BONDS - 6.6%**<br>|  |  |
| **Finance and Insurance - 2.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Crown Castle, Inc., <br>3.70%, 06/15/2026 | $250000 | 249617  |
| **Health Care and Social Assistance - 2.2%** | **Health Care and Social Assistance - 2.2%** | **Health Care and Social Assistance - 2.2%** |
| HCA, Inc., 5.25%, 06/15/2026 | 250000 | 250151 |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  | **Value**  |
| &nbsp;&nbsp;&nbsp; **Professional, Scientific, and Technical** <br>**Services - 2.2%** | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and Technical** <br>**Services - 2.2%** | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and Technical** <br>**Services - 2.2%** |
| Oracle Corp., 2.65%, 07/15/2026 | $250000 | $248643  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $748,562)** |  | 748411 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **RIGHTS - 0.1%**<br>|  |  |
| **Finance and Insurance *-* 0.1%**<br>|  |  |
|  LaFayette Acquisition Corp., Expires 10/24/2030, Exercise Price $1.00<sup>(a)</sup> | 48649 | 6132  |
| &nbsp;&nbsp;&nbsp; **TOTAL RIGHTS** <br>**(Cost $6,737)** |  | 6132 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(c)</sup>** <br>|  |  |
| &nbsp;&nbsp;&nbsp; **Administrative and Support and** <br>**Waste Management and** <br>**Remediation Services - 0.0%<sup>(c)</sup>** | &nbsp;&nbsp;&nbsp; **Administrative and Support and** <br>**Waste Management and** <br>**Remediation Services - 0.0%<sup>(c)</sup>** | &nbsp;&nbsp;&nbsp; **Administrative and Support and** <br>**Waste Management and** <br>**Remediation Services - 0.0%<sup>(c)</sup>** |
|  ITHAX Acquisition Corp. III, Expires 01/16/2032, Exercise Price $11.50<sup>(a)</sup> | 12500 | 2644  |
|  Leapfrog Acquisition Corp., Expires 01/26/2031, Exercise Price $11.50<sup>(a)</sup> | 7000 | 1787  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $4,460)** |  | 4431 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** |  |
| **SHORT-TERM INVESTMENTS**<br>|  |  |
| **MONEY MARKET FUNDS - 8.7%**<br>|  |  |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(d)</sup> | 253435 | 253435  |
| &nbsp;&nbsp;&nbsp; First American Treasury Obligations <br>Fund - Class X, 3.59%<sup>(d)</sup> | 734771 | 734771  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $988,206)** |  | 988206 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** |  |
| **COMMERCIAL PAPER - 3.1%**<br>|  |  |
| **Consumer Staples - 3.1%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., <br>4.08%, 04/15/2026<sup>(e)(f)</sup> | $350000 | 349387  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL PAPER** <br>**(Cost $349,448)** |  | 349387  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 98.9%**<br>**(Cost $10,982,798)** |  | $11252022  |
| &nbsp;&nbsp;&nbsp; Other Assets in Excess of <br>Liabilities - 1.1% |  | 130478  |
| **TOTAL NET ASSETS - 100.0%** |  | $11382500 |

---

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

18<br>

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION ETF** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

USD - United States Dollar

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

<sup>(b)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $1,388,849 or 12.2% of net assets as of March 31, 2026.

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

<sup>(d)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(e)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(f)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $349,387 or 3.1% of the Fund's net assets. 

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

19<br>

------

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 58.8%** | **CORPORATE BONDS - 58.8%** | **CORPORATE BONDS - 58.8%** | **CORPORATE BONDS - 58.8%** |
|  **Accommodation and Food Services - 0.7%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; GrubHub Holdings, Inc., <br>13.00% (or 6.00% PIK), 07/31/2030<sup>(a)</sup> |  | $3393145 | $2685177  |
| &nbsp;&nbsp;&nbsp; **Administrative and Support and Waste Management and Remediation** <br>**Services - 0.3%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Concentrix Corp., <br>6.65%, 08/02/2026 |  | 1118000 | 1123008  |
| **Construction - 1.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Lennar Corp., <br>5.25%, 06/01/2026 |  | 4000000 | 4002165  |
| **Consumer Discretionary - 2.3%** | **Consumer Discretionary - 2.3%** |  |  |
| &nbsp;&nbsp;&nbsp; Spirit Airlines, Inc., Series 2015-1, <br>4.10%, 04/01/2028 |  | 4026830 | 3956165  |
| United Airlines, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series 2020-1, <br>5.88%, 10/15/2027 |  | 1628031 | 1656324  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Series A, <br>4.00%, 04/11/2026 |  | 2787898 | 2785410  |
|  |  |  | 8397899  |
| **Consumer Staples - 3.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; BAT Capital Corp., <br>3.22%, 09/06/2026 |  | 4000000 | 3979603  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., <br>2.55%, 09/15/2026 |  | 3500000 | 3468806  |
| &nbsp;&nbsp;&nbsp; Salmar ASA, 5.26% <br>(3 mo. NIBOR + 1.15%), 01/30/2030 | NOK | 40000000 | 4138128  |
|  |  |  | 11586537  |
| **Finance and Insurance - 4.6%** | **Finance and Insurance - 4.6%** |  |  |
| Crown Castle, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 3.70%, 06/15/2026 |  | 2080000 | 2076816  |
| &nbsp;&nbsp;&nbsp; 1.05%, 07/15/2026 |  | 6475000 | 6413381  |
|  General Motors Financial Co., Inc., 5.40%, 04/06/2026 |  | 1651000 | 1651160  |
|  PennantPark Floating Rate Capital Ltd.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 4.25%, 04/01/2026 |  | 2979000 | 2979000  |
| &nbsp;&nbsp;&nbsp; 6.75%, 03/04/2029 |  | 3660000 | 3649254  |
|  |  |  | 16769611  |
|  **Health Care and Social Assistance - 2.9%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; HCA, Inc., <br>5.25%, 06/15/2026 |  | 10533000 | 10539362  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **Holding Companies - 2.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Novedo Holding AB, 9.08% <br>(3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 31250000 | $2954450  |
|  Stockwik Forvaltning AB, 9.42% (3 mo. STIBOR + 7.25%), 06/26/2029<sup>(a)</sup> | SEK | 56250000 | 6286411  |
|  |  |  | 9240861  |
| **Information - 6.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Calligo UK Ltd., 9.14% <br>(or 9.14% PIK) (3 mo. EURIBOR + 7.00%), 12/29/2028 | EUR | 475724 | 71483  |
| &nbsp;&nbsp;&nbsp; GCI LLC, <br>4.75%, 10/15/2028<sup>(a)</sup> |  | 4170000 | 4015695  |
| &nbsp;&nbsp;&nbsp; Global Payments, Inc., <br>4.80%, 04/01/2026 |  | 6420000 | 6420000  |
| Hewlett Packard Enterprise Co.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 1.75%, 04/01/2026 |  | 520000 | 520000  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/25/2026 |  | 1665000 | 1666597  |
| &nbsp;&nbsp;&nbsp; 4.65% (SOFR + 0.96%), 09/15/2028 |  | 2000000 | 1996521  |
| &nbsp;&nbsp;&nbsp; Nexstar Media, Inc., <br>5.63%, 07/15/2027<sup>(a)</sup> |  | 3000000 | 3001301  |
|  SS&C Technologies, Inc., 5.50%, 09/30/2027<sup>(a)</sup> |  | 3000000 | 3004227  |
| &nbsp;&nbsp;&nbsp; T-Mobile USA, Inc., <br>2.63%, 04/15/2026 |  | 3258000 | 3255636  |
|  |  |  | 23951460  |
|  **Management of Companies and Enterprises - 1.7%**<br>|  |  |  |
|  Genpact Luxembourg SARL, 1.75%, 04/10/2026 |  | 6069000 | 6061967  |
| **Manufacturing - 19.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Bacardi Ltd., <br>2.75%, 07/15/2026<sup>(a)</sup> |  | 7877000 | 7840814  |
| &nbsp;&nbsp;&nbsp; Berry Global, Inc., <br>4.88%, 07/15/2026<sup>(a)</sup> |  | 1159000 | 1159133  |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028<sup>(b)</sup> |  | 1337000 | 705267  |
| &nbsp;&nbsp;&nbsp; Crown Americas LLC, <br>4.25%, 09/30/2026 |  | 5044000 | 5028296  |
|  Dell International LLC, 4.90%, 10/01/2026 |  | 6167000 | 6176009  |
| &nbsp;&nbsp;&nbsp; EIDP, Inc., <br>4.50%, 05/15/2026 |  | 8377000 | 8375291  |
| &nbsp;&nbsp;&nbsp; Elkem ASA, 5.71% <br>(3 mo. NIBOR + 1.55%), 08/31/2028 | NOK | 25000000 | 2592538  |
| &nbsp;&nbsp;&nbsp; Fortive Corp., <br>3.15%, 06/15/2026 |  | 4000000 | 3989803  |
| &nbsp;&nbsp;&nbsp; GE HealthCare Technologies, Inc., <br>4.15%, 12/15/2028 |  | 1000000 | 993144  |

---

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

20<br>

------

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  | **CORPORATE BONDS - (Continued)**  |
| **Manufacturing - (Continued)**  | **Manufacturing - (Continued)**  | **Manufacturing - (Continued)**  |
| &nbsp;&nbsp;&nbsp; Graphic Packaging International LLC, <br>1.51%, 04/15/2026<sup>(a)</sup> | $8000000 | $7988603  |
| &nbsp;&nbsp;&nbsp; Hologic, Inc., <br>4.63%, 02/01/2028<sup>(a)</sup> | 3500000 | 3493440  |
| &nbsp;&nbsp;&nbsp; Jabil, Inc., <br>1.70%, 04/15/2026 | 6700000 | 6691483  |
| &nbsp;&nbsp;&nbsp; Kraft Heinz Foods Co., <br>3.00%, 06/01/2026 | 6945000 | 6928510  |
| &nbsp;&nbsp;&nbsp; Sealed Air Corp., <br>1.57%, 10/15/2026<sup>(a)</sup> | 2271000 | 2266855  |
| &nbsp;&nbsp;&nbsp; Silgan Holdings, Inc., <br>1.40%, 04/01/2026<sup>(a)</sup> | 4533000 | 4533000  |
| &nbsp;&nbsp;&nbsp; Sonoco Products Co., <br>4.45%, 09/01/2026 | 1000000 | 1000620  |
|  |  | 69762806  |
|  **Mining, Quarrying, and Oil and Gas Extraction - 1.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Expand Energy Corp., <br>6.75%, 04/15/2029<sup>(a)</sup> | 7017000 | 7022045  |
|  **Other Services (except Public Administration) - 0.4%**<br>|  |  |
|  Shutterfly Finance LLC, 9.75%, 10/01/2027<sup>(a)</sup> | 1560000 | 1565678  |
|  **Professional, Scientific, and Technical Services - 3.2%**<br>|  |  |
|  Marvell Technology, Inc., 1.65%, 04/15/2026 | 1300000 | 1298566  |
| Oracle Corp.<br>|  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/15/2026 | 6912000 | 6874469  |
| &nbsp;&nbsp;&nbsp; 2.80%, 04/01/2027 | 3556000 | 3495729  |
|  |  | 11668764  |
|  **Real Estate and Rental and Leasing - 0.8%**<br>|  |  |
|  American Tower Corp., 1.60%, 04/15/2026 | 500000 | 499473  |
| &nbsp;&nbsp;&nbsp; Enviri Corp., <br>5.75%, 07/31/2027<sup>(a)</sup> | 2000000 | 1996651  |
|  ReadyCap Holdings LLC, 9.38%, 03/01/2028<sup>(a)</sup> | 500000 | 501654  |
|  |  | 2997778  |
| **Retail Trade - 0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; CVS Health Corp., <br>2.88%, 06/01/2026 | 695000 | 693262  |
|  **Transportation and Warehousing - 1.3%**<br>|  |  |
|  Canadian Pacific Railway Co., 3.13%, 06/01/2026 | 1000000 | 997644  |
| &nbsp;&nbsp;&nbsp; FedEx Corp., <br>3.25%, 04/01/2026 | 3595000 | 3595000  |
|  |  | 4592644  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **Utilities - 2.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Eidsiva Energi AS, <br>2.40%, 10/22/2026 | NOK | 36000000 | $3669405  |
| &nbsp;&nbsp;&nbsp; ONEOK, Inc., <br>5.55%, 11/01/2026 |  | 5716000 | 5750049  |
|  |  |  | 9419454  |
| **Wholesale Trade - 3.4%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; CDW LLC, <br>2.67%, 12/01/2026 |  | 5629000 | 5562507  |
| &nbsp;&nbsp;&nbsp; TD Synnex Corp., <br>1.75%, 08/09/2026 |  | 7000000 | 6930592  |
|  |  |  | 12493099  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $214,492,027)** |  |  | 214573577  |
| **BANK LOANS - 9.0%**<br>|  |  |  |
| **Consumer Discretionary - 2.8%** | **Consumer Discretionary - 2.8%** |  |  |
|  Marelli Delayed Draw, 11.68% (1 mo. Term SOFR + 7.75%), 06/09/2026 |  | 3970400 | 4069660  |
| &nbsp;&nbsp;&nbsp; Marelli Term Loan, 11.67% <br>(1 mo. Term SOFR + 7.75%), 06/09/2026 |  | 5955600 | 6104490  |
|  |  |  | 10174150  |
| **Information - 0.5%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Audacy Capital LLC Exit Loan, <br>10.78% (1 mo. Term SOFR + 7.00%), 09/30/2029 |  | 1891323 | 1864144  |
|  **Professional, Scientific, and Technical Services - 1.2%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Gen Digital, Inc., 3.67% <br>(1 mo. Term SOFR + 1.38%), 09/13/2027 |  | 4520000 | 4520000  |
| **Real Estate - 3.3%**<br>|  |  |  |
|  CR Landco Austin, LLC, 10.00%, 10/15/2028<sup>(c)</sup> |  | 12059357 | 12059357  |
|  **Real Estate and Rental and Leasing - 1.2%**<br>|  |  |  |
|  Chicago Atlantic Real Estate Finance Term Loan, First Lien, 9.00%, 10/17/2028 |  | 4356000 | 4334220  |
| &nbsp;&nbsp;&nbsp; **TOTAL BANK LOANS** <br>**(Cost $32,755,938)** |  |  | 32951871 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  |  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 6.7%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 6.7%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 6.7%** |
|  A Paradise Acquisition Corp. - Class A<sup>(d)</sup> | 349584 | 3555269  |
|  Andretti Acquisition Corp. II - Class A<sup>(d)</sup> | 140000 | 1491700 |

---

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

21<br>

------

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - (Continued)**  |
| &nbsp;&nbsp;&nbsp; Centurion Acquisition <br>Corp.<sup>(d)</sup> | 68728 | $740544  |
|  Digital Asset Acquisition Corp. - Class A<sup>(d)</sup> | 541443 | 5544376  |
| Dynamix Corp.<sup>(d)</sup> | 272717 | 2855347  |
| Fact II Acquisition Corp.<sup>(d)</sup> | 187647 | 1971232  |
|  Hennessy Capital Investment Corp. VII<sup>(d)</sup> | 349900 | 3621465  |
|  Lionheart Holdings - Class A<sup>(d)</sup> | 177611 | 1909318  |
|  Soulpower Acquisition Corp. - Class A<sup>(d)</sup> | 183494 | 1880814  |
|  Vine Hill Capital Investment Corp. - Class A<sup>(c)(d)</sup> | 72736 | 776821  |
| &nbsp;&nbsp;&nbsp; **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** <br>**(Cost $24,252,316)** |  | 24346886 |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  |  |
| **MORTGAGE-BACKED SECURITIES - 6.2%** | **MORTGAGE-BACKED SECURITIES - 6.2%** | **MORTGAGE-BACKED SECURITIES - 6.2%** |
| **Finance and Insurance - 6.2%** |  |  |
|  ARES Commercial Mortgage Trust, Series 2024-IND2, Class A, 5.12% (1 mo. Term SOFR + 1.44%), 10/15/2034<sup>(a)</sup> | $5130000 | 5135957  |
| BX Trust, A<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-KING, Class A, 5.21% (1 mo. Term SOFR + 1.54%), 05/15/2034<sup>(a)</sup> | 5625936 | 5632136  |
| &nbsp;&nbsp;&nbsp; Series 2025-LUNR, Class A, 5.17% (1 mo. Term SOFR + 1.50%), 06/15/2040<sup>(a)</sup> | 5486733 | 5499460  |
|  DGWD Trust, A Series 2025-INFL, Class A, 5.27% (1 mo. Term SOFR + 1.60%), 08/15/2035<sup>(a)</sup> | 2481000 | 2486758  |
|  SUA 2025-1 LLC, Series 2025-1, Class A, 5.88%, 05/25/2040<sup>(a)</sup> | 3660000 | 3664851  |
|  |  | 22419162  |
| &nbsp;&nbsp;&nbsp; **TOTAL MORTGAGE-BACKED SECURITIES** <br>**(Cost $22,406,286)** |  | 22419162  |
| **CONVERTIBLE BONDS - 3.4%** | **CONVERTIBLE BONDS - 3.4%** | **CONVERTIBLE BONDS - 3.4%** |
| **Information - 0.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Leafly Holdings, Inc., <br>8.00%, 04/15/2026<sup>(c)</sup> | 883000 | 750550 |

---

---

| | | |
|:---|:---|:---|
|  | **Par**  | **Value**  |
| **Technology - 3.2%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Confluent, Inc., <br>0.00%, 01/15/2027<sup>(e)</sup> | $11700000 | $11711700  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE BONDS** <br>**(Cost $12,418,764)** |  | 12462250  |
| **MUNICIPAL BONDS - 2.3%** | **MUNICIPAL BONDS - 2.3%** | **MUNICIPAL BONDS - 2.3%** |
| **Missouri - 0.2%**<br>|  |  |
|  City of Kansas City, MO, 3.75%, 03/01/2028<sup>(f)</sup> | 815000 | 815000  |
| **New York - 0.8%**<br>|  |  |
|  New York State Dormitory Authority, 5.27%, 05/01/2035 (Obligor: Pace University)<sup>(f)</sup> | 2810000 | 2810000  |
| **Pennsylvania - 1.3%**<br>|  |  |
|  Pennsylvania Economic Development Financing Authority, 4.00%, 06/01/2041 (Obligor: Waste Management, Inc.)<sup>(f)(g)</sup> | 4640000 | 4642213  |
| &nbsp;&nbsp;&nbsp; **TOTAL MUNICIPAL BONDS** <br>**(Cost $8,265,000)** |  | 8267213  |
| **ASSET-BACKED SECURITIES - 2.0%** | **ASSET-BACKED SECURITIES - 2.0%** | **ASSET-BACKED SECURITIES - 2.0%** |
| **Finance and Insurance - 2.0%** |  |  |
|  Alterna Funding LLC, A Series 2024-1A, Class A, 6.26%, 05/16/2039<sup>(a)</sup> | 1344598 | 1346275  |
|  FNA Trust, A Series 2025-1, Class A, 5.62%, 03/15/2045<sup>(a)(h)</sup> | 1699386 | 1694392  |
| RAM LLC, A<br>|  |  |
| &nbsp;&nbsp;&nbsp; Series 2024-1, Class A, 6.67%, 02/15/2039<sup>(a)</sup> | 348806 | 348894  |
| &nbsp;&nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 05/15/2040<sup>(a)</sup> | 3817217 | 3803693  |
|  |  | 7193254  |
| **Wholesale Trade - 0.0%<sup>(i)</sup>**<br>|  |  |
| &nbsp;&nbsp;&nbsp; PVOne LLC, A <br>Series 2023-1A, Class A, 7.25%, 07/16/2035<sup>(a)</sup> | 169500 | 169632  |
| &nbsp;&nbsp;&nbsp; **TOTAL ASSET-BACKED SECURITIES** <br>**(Cost $7,386,412)** |  | 7362886  |
| **U.S. TREASURY SECURITIES - 1.9%** | **U.S. TREASURY SECURITIES - 1.9%** | **U.S. TREASURY SECURITIES - 1.9%** |
|  United States Treasury Note, 3.50%, 01/15/2029 | 6938000 | 6879189  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $6,906,562)** |  | 6879189 |

---

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

22<br>

------

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| **COMMON STOCKS - 0.0%<sup>(i)</sup>** | **COMMON STOCKS - 0.0%<sup>(i)</sup>** | **COMMON STOCKS - 0.0%<sup>(i)</sup>** |
| **Manufacturing - 0.0%<sup>(i)</sup>**<br>|  |  |
|  Cannabist Co. Holdings, Inc.<sup>(c)(d)</sup> | 475193 | $0  |
|  Cannabist Co. Holdings, Inc.<sup>(d)</sup> | 475193 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $115,779)** |  | 0 |

---

---

| | | |
|:---|:---|:---|
|  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(i)</sup>**<br>|  |  |
| **Information - 0.0%<sup>(i)</sup>**<br>|  |  |
|  Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00<sup>(d)</sup> | 5553 | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $0)** |  | 0 |

---

---

| | | |
|:---|:---|:---|
|  | **Par** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 6.7%** |  |  |
| **Consumer Discretionary - 3.4%** |  |  |
| &nbsp;&nbsp;&nbsp; Genuine Parts Co., <br>4.30%, 04/09/2026<sup>(a)(j)</sup> | $6180000 | 6173581  |
|  Stanley Black & Decker, Inc., 4.25%, 04/20/2026<sup>(a)(j)</sup> | 6329000 | 6314810  |
|  |  | 12488391  |
| **Consumer Staples - 0.9%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Keurig Dr Pepper, Inc., <br>4.35%, 04/24/2026<sup>(a)(j)</sup> | 3500000 | 3490047  |
|  **Health Care and Social Assistance - 1.4%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Dentsply Sirona, Inc., <br>4.02%, 04/20/2026<sup>(a)(j)</sup> | 5000000 | 4988186  |
| **Manufacturing - 1.0%**<br>|  |  |
| &nbsp;&nbsp;&nbsp; Jabil, Inc., <br>4.07%, 04/09/2026<sup>(a)(j)</sup> | 3500000 | 3496083  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL PAPER** <br>**(Cost $24,464,908)** |  | 24462707 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
| **MONEY MARKET FUNDS - 6.0%** | **MONEY MARKET FUNDS - 6.0%** | **MONEY MARKET FUNDS - 6.0%** |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(k)</sup> | 2058951 | $2058951  |
|  First American Treasury Obligations Fund - Class X, 3.59%<sup>(k)</sup> | 19899641 | 19899641 |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $21,958,592)** |  | 21958592 |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 103.0%** <br>**(Cost $375,422,584)** |  | $375684333  |
|  Liabilities in Excess of Other Assets - (3.0)% |  | (11029809)  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $364654524 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

AB - Aktiebolag

ASA - Advanced Subscription Agreement

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

NIBOR - Norway Interbank Offered Rate

PIK - Payment in Kind

SOFR - Secured Overnight Financing Rate

STIBOR - Stockholm Interbank Offered Rate

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $111,605,439 or 30.6% of the Fund's net assets.

<sup>(b)</sup> Security is currently in default.

<sup>(c)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $13,586,728 or 3.7% of net assets as of March 31, 2026.

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

<sup>(e)</sup> Zero coupon bonds make no periodic interest payments.

<sup>(f)</sup> Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of March 31, 2026.

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

23<br>

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(g)</sup> Security subject to the Alternative Minimum Tax ("AMT"). As of March 31, 2026, the total value of securities subject to the AMT was $4,642,213 or 1.3% of net assets.

<sup>(h)</sup> Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of March 31, 2026.

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

<sup>(j)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(k)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

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

24<br>

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**SCHEDULE OF FORWARD CURRENCY CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement** <br>**Date** | **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | **Currency** <br>**Sold** | **Currency** <br>**Sold** | **Unrealized** <br>**Appreciation** <br>(Depreciation)  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 9972083 | NOK | 96445000 | &nbsp;&nbsp; $14575  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 9415626 | SEK | 87200000 | &nbsp;&nbsp; 182422  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 51329 | EUR | 44400 | &nbsp;&nbsp; (103)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | &nbsp;&nbsp; $196894 |

---

EUR - Euro

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

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

25<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - 51.7%**  | **CORPORATE BONDS - 51.7%**  | **CORPORATE BONDS - 51.7%**  | **CORPORATE BONDS - 51.7%**  |
|  **Accommodation and Food Services - 2.2%**<br>|  |  |  |
|  GrubHub Holdings, Inc., 13.00% (or 6.00% PIK), 07/31/2030<sup>(a)</sup> |  | $16576845 | $13118143  |
|  **Administrative and Support and Waste Management and Remediation Services - 1.8%** <br>|  |  |  |
|  Uber Technologies, Inc., 4.50%, 08/15/2029<sup>(a)</sup> |  | 10625000 | 10543424  |
| **Communications - 0.2%** <br>|  |  |  |
|  Genexis International AB, 9.56% (3 mo. EURIBOR + 7.50%), 09/06/2026 | EUR | 1400000 | 1003283  |
| **Consumer Discretionary - 4.8%**  | **Consumer Discretionary - 4.8%**  | **Consumer Discretionary - 4.8%**  | **Consumer Discretionary - 4.8%**  |
|  3t Global Bidco PLC, 11.25%, 05/22/2028 |  | 2125000 | 2074531  |
|  888 Acquisitions Ltd., 10.75%, 05/15/2030 | GBP | 11627000 | 14272596  |
| &nbsp;&nbsp;&nbsp; Amwood AB, 8.24% <br>(3 mo. STIBOR + 6.25%), 10/25/2027 | SEK | 40000000 | 2873245  |
|  European Entertainment Intressenter BidCo AB, 9.28% (3 mo. EURIBOR + 7.25%), 09/29/2030 | EUR | 6800000 | 7604374  |
|  Keyto Group AB, 7.25% (3 mo. STIBOR + 5.25%), 05/08/2029 | SEK | 20000000 | 2165059  |
|  |  |  | 28989805  |
| **Consumer Staples - 0.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Greenfood AB, 9.00% <br>(3 mo. STIBOR + 7.00%), 11/13/2028 | SEK | 5000000 | 556559  |
| **Energy - 4.7%**<br>|  |  |  |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 16250000 | 17120053  |
|  Golar LNG Ltd., 7.50%, 10/02/2030<sup>(a)</sup> |  | 10544000 | 10672046  |
|  Kistos Energy Norway AS, 9.75% (or 9.75% PIK), 09/17/2026<sup>(a)</sup> |  | 6781 | 6832  |
|  |  |  | 27798931  |
| **Finance and Insurance - 4.9%** | **Finance and Insurance - 4.9%** | **Finance and Insurance - 4.9%** | **Finance and Insurance - 4.9%** |
|  Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029<sup>(a)</sup> |  | 15211000 | 14161971  |
|  Euronet Worldwide, Inc., 1.38%, 05/22/2026 | EUR | 1355000 | 1562678  |
| Genworth Holdings, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 6.50%, 06/15/2034 |  | 2289000 | 2309647  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| &nbsp;&nbsp;&nbsp; 5.92% (3 mo. Term SOFR + 2.26%), 11/15/2036 |  | $2531000 | $2059723  |
| Icahn Enterprises LP<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 5.25%, 05/15/2027 |  | 1000000 | 980542  |
| &nbsp;&nbsp;&nbsp; 10.00%, 11/15/2029<sup>(a)</sup> |  | 3369000 | 3323159  |
| Mutares SE & Co. KGaA<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 10.63% (3 mo. EURIBOR + 8.50%), 03/31/2027 | EUR | 713000 | 829695  |
| &nbsp;&nbsp;&nbsp; 8.40% (3 mo. EURIBOR + 6.25%), 09/19/2029 | EUR | 1000000 | 1145742  |
|  Stonex Escrow Issuer LLC, 6.88%, 07/15/2032<sup>(a)</sup> |  | 2964000 | 2995555  |
|  |  |  | 29368712  |
| **Holding Companies - 1.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; JDC Group AG, 6.51% <br>(3 mo. EURIBOR + 4.50%), 08/28/2029<sup>(a)</sup> | EUR | 5377000 | 6246110  |
|  Stockwik Forvaltning AB, 9.42% (3 mo. STIBOR + 7.25%), 06/26/2029<sup>(a)</sup> | SEK | 30000000 | 3352753  |
|  |  |  | 9598863  |
| **Industrials - 1.6%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Bonheur ASA, 6.49% <br>(3 mo. NIBOR + 2.35%), 10/09/2029<sup>(a)</sup> | NOK | 28500000 | 2962686  |
|  SLR Group GmbH, 9.03% (3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 3676750 | 4186045  |
|  Stolt-Nielsen Ltd., 6.37% (3 mo. NIBOR + 2.25%), 10/22/2030 | NOK | 15000000 | 1533624  |
|  Twma Finance AS, 12.25%, 02/10/2029<sup>(a)</sup> |  | 823000 | 841517  |
|  |  |  | 9523872  |
| **Information - 0.9%**<br>|  |  |  |
|  Cable One, Inc., 4.00%, 11/15/2030<sup>(a)</sup> |  | 4244000 | 2958868  |
|  Go North Group AB, 10.00% (or 10.00% PIK) (SOFR + 5.76%), 01/22/2030<sup>(b)</sup> |  | 3570942 | 1678343  |
|  Impala BondCo PLC, 12.00% (or 12.00% PIK) (3 mo. STIBOR + 9.00%), 10/30/2027 | SEK | 10444492 | 634393  |
|  |  |  | 5271604  |
| **Manufacturing - 7.3%**<br>|  |  |  |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028<sup>(c)</sup> |  | 5068000 | 2673370  |
|  Canopy Growth Corp., 9.91%, 01/08/2031<sup>(b)</sup> |  | 16211500 | 14914580  |
|  Crocs, Inc., 4.13%, 08/15/2031<sup>(a)</sup> |  | 12899000 | 11610427  |
|  Secop Group Holding GmbH, 10.54% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 1443000 | 1680418  |

---

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

26<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **CORPORATE BONDS - (Continued)** | **CORPORATE BONDS - (Continued)** | **CORPORATE BONDS - (Continued)** | **CORPORATE BONDS - (Continued)** |
| **Manufacturing - (Continued)**  | **Manufacturing - (Continued)**  | **Manufacturing - (Continued)**  | **Manufacturing - (Continued)**  |
| Trulieve Cannabis Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 8.00%, 10/06/2026 |  | $4526000 | $4526000  |
| &nbsp;&nbsp;&nbsp; 10.50%, 12/17/2030<sup>(a)</sup> |  | 6014000 | 6014000  |
| &nbsp;&nbsp;&nbsp; 10.50%, 12/17/2030<sup>(a)</sup> |  | 2125000 | 2162187  |
|  |  |  | 43580982  |
| **Materials - 1.3%**<br>|  |  |  |
|  Duran Life Science Holding GmbH, 8.51% (3 mo. EURIBOR + 6.50%), 05/31/2030 | EUR | 3299000 | 3832234  |
|  Newco Holding Eur 29 Sarl, 11.00%, 02/20/2030<sup>(a)</sup> |  | 4375000 | 4238281  |
|  |  |  | 8070515  |
|  **Other Services (except Public Administration) - 1.0%**<br>|  |  |  |
|  ANGI Group LLC, 3.88%, 08/15/2028<sup>(a)</sup> |  | 6501000 | 5793643  |
|  **Professional, Scientific, and Technical Services - 6.9%**<br>|  |  |  |
|  Charles River Laboratories International, Inc., 4.00%, 03/15/2031<sup>(a)</sup> |  | 6446000 | 6001038  |
| Getty Images, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 14.00%, 03/01/2028<sup>(a)</sup> |  | 3245000 | 3090971  |
| &nbsp;&nbsp;&nbsp; 11.25%, 02/21/2030<sup>(a)</sup> |  | 8769000 | 7810422  |
|  Go Daddy Operating Co. LLC, 5.25%, 12/01/2027<sup>(a)</sup> |  | 9230000 | 9212575  |
| Oracle Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; 2.65%, 07/15/2026 |  | 8960000 | 8911349  |
| &nbsp;&nbsp;&nbsp; 4.45%, 09/26/2030 |  | 6438000 | 6205970  |
|  |  |  | 41232325  |
|  **Real Estate and Rental and Leasing - 0.3%**<br>|  |  |  |
|  Forestar Group, Inc., 6.50%, 03/15/2033<sup>(a)</sup> |  | 2000000 | 1978642  |
| **Retail Trade - 1.2%**<br>|  |  |  |
|  AutoNation, Inc., 2.40%, 08/01/2031 |  | 1392000 | 1218394  |
|  Superior Plus LP, 4.50%, 03/15/2029<sup>(a)</sup> |  | 6045000 | 5782120  |
|  |  |  | 7000514  |
| **Technology - 2.9%**<br>|  |  |  |
|  Hawk Infinity Software AS, 10.63% (3 mo. NIBOR + 6.50%), 10/15/2029<sup>(a)(d)</sup> | NOK | 20700000 | 2035710  |
|  Platform Group AG, 8.88%, 07/11/2028 | EUR | 7539000 | 7189046  |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 8000000 | 8310601  |
|  |  |  | 17535357  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
|  **Transportation and Warehousing - 3.5%**<br>|  |  |  |
|  Summit Midstream Holdings LLC, 8.63%, 10/31/2029<sup>(a)</sup> |  | $10785000 | $11093332  |
|  XPO, Inc., 6.25%, 06/01/2028<sup>(a)</sup> |  | 9804000 | 9941786  |
|  |  |  | 21035118  |
| **Utilities - 2.6%**<br>|  |  |  |
|  HMS Bergbau AG, 10.00%, 06/02/2030 | EUR | 9546000 | 11553959  |
|  Nord-troendelag Elektrisitetsverk AS, 4.86%, 09/10/2032 | NOK | 41000000 | 4114655  |
|  |  |  | 15668614  |
| **Wholesale Trade - 1.9%**<br>|  |  |  |
|  Imola Merger Corp., 4.75%, 05/15/2029<sup>(a)</sup> |  | 11823000 | 11454367  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Cost $316,507,587)** |  |  | 309123273  |
| **BANK LOANS - 11.8%**<br>|  |  |  |
| **Communications - 4.1%**<br>|  |  |  |
|  Charter Communications Operating LLC, First Lien, 5.91% (3 mo. Term SOFR + 2.25%), 11/22/2031 |  | 7633890 | 7642020  |
|  CMG Media Corp., First Lien, 7.30% (3 mo. Term SOFR + 3.50%), 06/18/2029 |  | 17866952 | 16812802  |
|  |  |  | 24454822  |
| **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** | **Consumer Discretionary - 0.3%** |
|  Elevate Textiles, Inc., 12.31% (3 mo. Term SOFR + 8.65%), 09/30/2027 |  | 189976 | 190926  |
|  Sweetwater Sound Term Loan, 7.67% (1 mo. Term SOFR + 4.00%), 02/11/2033 |  | 1415000 | 1417660  |
|  |  |  | 1608586  |
|  **Health Care and Social Assistance - 1.1%**<br>|  |  |  |
|  Inotiv, Inc., First Lien, 10.43% (or .25% PIK) (3 mo. Term SOFR + 6.50%), 09/22/2026 |  | 7593654 | 6612820  |
| **Information - 1.8%**<br>|  |  |  |
|  Audacy Capital LLC, 9.78% (1 mo. Term SOFR + 6.00%), 09/30/2029 |  | 10758186 | 8153145  |
|  Audacy Capital LLC Exit Loan, 10.78% (1 mo. Term SOFR + 7.00%), 09/30/2029 |  | 2450817 | 2415598  |
|  |  |  | 10568743  |

---

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

27<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Par** | **Value**  |
| **BANK LOANS - (Continued)**  | **BANK LOANS - (Continued)**  | **BANK LOANS - (Continued)**  | **BANK LOANS - (Continued)**  |
| **Materials - 2.1%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; TPC Group, Inc., 9.39% <br>(6 mo. Term SOFR + 5.75%), 11/24/2031 |  | $13599930 | $12545935  |
|  **Professional, Scientific, and Technical Services - 0.4%**<br>|  |  |  |
|  CCIT Holdings AS, 10.00% (or 3.00% PIK), 02/28/2029<sup>(b)(l)</sup> | EUR | 2303690 | 2662733  |
| **Retail Trade - 2.0%**<br>|  |  |  |
| Mountaineer Merger Corp.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.65% (or 7.00% PIK) <br>(1 mo. Term SOFR + 8.00%), 06/16/2030<sup>(b)</sup> |  | 305297 | 305297  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11.67% (or 7.00% PIK) <br>(3 mo. Term SOFR + 8.00%), 06/16/2030<sup>(b)</sup> |  | 1041522 | 1041522  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc., 9.20% (or 8.63% PIK) <br>(6 mo. Term SOFR + 5.00%), 07/30/2029<sup>(b)(c)</sup> |  | 262145 | 45613  |
|  The Container Store, Inc. First Out Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> |  | 3817880 | 2363268  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Priming Loan, 10.17% <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> |  | 2863703 | 2863703  |
| &nbsp;&nbsp;&nbsp; The Container Store, Inc. Rolled Up First Out Loan, 10.17% (or 10.17% PIK) <br>(1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> |  | 1754850 | 1086252  |
|  The Container Store, Inc. Super Senior Loan, 10.17% (or 10.17% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029<sup>(b)</sup> |  | 4181052 | 4181052  |
|  |  |  | 11886707  |
| &nbsp;&nbsp;&nbsp; **TOTAL BANK LOANS** <br>**(Cost $75,515,756)** |  |  | 70340346  |
|  |  | **Shares** |  |
| &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 8.4%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 8.4%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 8.4%** | &nbsp;&nbsp;&nbsp; **SPECIAL PURPOSE ACQUISITION** <br>**COMPANIES (SPACS) - 8.4%** |
|  A Paradise Acquisition Corp. - Class A<sup>(e)</sup> |  | 511227 | 5199179  |
|  Axiom Intelligence Acquisition Corp. - Class A<sup>(e)</sup> |  | 350000 | 3545500  |
| Berto Acquisition Corp.<sup>(e)</sup> |  | 365000 | 3741250  |
| Churchill Capital Corp. IX<sup>(e)</sup> |  | 531000 | 5671080  |
|  Globa Terra Acquisition Corp. - Class A<sup>(e)</sup> |  | 288328 | 2955362 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares**  | **Value**  |
|  M3-Brigade Acquisition V Corp. - Class A<sup>(e)</sup> | 142000 | $1525080  |
| &nbsp;&nbsp;&nbsp; Plum Acquisition <br>Corp. III<sup>(b)(e)</sup> | 8594 | 0  |
|  Roman DBDR Acquisition Corp. II<sup>(e)</sup> | 437200 | 4577484  |
|  Silverbox Corp. IV - Class A<sup>(e)</sup> | 177000 | 1893900  |
|  Soulpower Acquisition Corp. - Class A<sup>(e)</sup> | 250000 | 2562500  |
|  Spring Valley Acquisition Corp. IV<sup>(e)</sup> | 350000 | 3556000  |
|  Vendome Acquisition Corp. I - Class A<sup>(e)</sup> | 366735 | 3715025  |
|  Wen Acquisition Corp. - Class A<sup>(e)</sup> | 600000 | 6108000  |
|  Yorkville Acquisition Corp. - Class A<sup>(e)</sup> | 500000 | 5055000  |
| &nbsp;&nbsp;&nbsp; **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** <br>**(Cost $49,945,356)** |  | 50105360  |
| **COMMON STOCKS - 3.4%**<br>|  |  |
| **Finance and Insurance - 1.1%** | **Finance and Insurance - 1.1%** | **Finance and Insurance - 1.1%** |
|  Battery Mineral Resources Corp.<sup>(e)</sup> | 6800000 | 782680  |
| Euronet Worldwide, Inc.<sup>(e)</sup> | 71310 | 4732845  |
| UnitedHealth Group, Inc.<sup>(f)</sup> | 3600 | 974124  |
|  |  | 6489649  |
| **Information - 0.7%**<br>|  |  |
| Audacy Capital Class A<sup>(e)(l)</sup> | 7239 | 21717  |
| Audacy Capital Class B<sup>(e)(l)</sup> | 2481 | 7443  |
| &nbsp;&nbsp;&nbsp; GCI Liberty, Inc. - <br>Class C<sup>(e)(f)</sup> | 113066 | 4207186  |
|  Go North Group AB - Class B<sup>(b)(e)</sup> | 39550659 | 0  |
|  Go North Group AB - Class C<sup>(b)(e)</sup> | 328998233 | 0  |
|  |  | 4236346  |
| **Manufacturing - 0.8%**<br>|  |  |
|  Cannabist Co. Holdings, Inc.<sup>(b)(e)</sup> | 1194584 | 0  |
|  Cannabist Co. Holdings, Inc.<sup>(e)</sup> | 1194584 | 0  |
| Prosomnus Equity<sup>(b)(e)(l)</sup> | 1385560 | 1385560  |
| RA Parent, Inc.<sup>(b)(e)</sup> | 52 | 2763420  |
| Star Group LP | 62645 | 769280  |
|  |  | 4918260  |
| **Materials - 0.1%**<br>|  |  |
| Champion Iron Ltd. | 60686 | 222485  |
| &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>** | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>** | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>** |
| UpHealth, Inc.<sup>(b)(e)</sup> | 133414 | 0  |

---

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

28<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares**  | **Value**  |
| **COMMON STOCKS - (Continued)**  | **COMMON STOCKS - (Continued)**  | **COMMON STOCKS - (Continued)**  | **COMMON STOCKS - (Continued)**  |
| **Retail Trade - 0.0%<sup>(g)</sup>** <br>|  |  |  |
|  Mountaineer Merger Corp.<sup>(b)(e)</sup> |  | 5718472 | $0  |
| The Container Store, Inc.<sup>(e)</sup> |  | 153461 | 0  |
|  |  |  | 0  |
| **Wholesale Trade - 0.7%**<br>|  |  |  |
| Ingram Micro Holding Corp. |  | 173520 | 4044751  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMON STOCKS** <br>**(Cost $22,041,044)** |  |  | 19911491  |
| **PREFERRED STOCKS - 2.0%** | **PREFERRED STOCKS - 2.0%** | **PREFERRED STOCKS - 2.0%** | **PREFERRED STOCKS - 2.0%** |
| **Finance and Insurance - 0.2%** | **Finance and Insurance - 0.2%** | **Finance and Insurance - 0.2%** | **Finance and Insurance - 0.2%** |
|  Saratoga Investment Corp., Series 2027, 6.00%, 04/30/2027<sup>(e)</sup> |  | 40765 | 1005265  |
| **Retail Trade - 0.2%**<br>|  |  |  |
|  Preferred A Mountaineer Merger, 0.00%<sup>(b)</sup> |  | 3324854 | 1329941  |
|  Preferred B Mountaineer Merger, 0.00%<sup>(b)</sup> |  | 2393618 | 0  |
|  |  |  | 1329941  |
| **Wholesale Trade - 1.6%**<br>|  |  |  |
|  NGL Energy Partners LP, Series B, 11.15% (3 mo. Term SOFR + 7.47%), Perpetual<sup>(e)</sup> |  | 395491 | 9760718  |
| &nbsp;&nbsp;&nbsp; **TOTAL PREFERRED STOCKS** <br>**(Cost $10,670,028)** |  |  | 12095924  |
|  |  | **Par** |  |
| **U.S. TREASURY SECURITIES - 2.0%** | **U.S. TREASURY SECURITIES - 2.0%** | **U.S. TREASURY SECURITIES - 2.0%** | **U.S. TREASURY SECURITIES - 2.0%** |
|  United States Treasury Inflation Indexed Bonds, 1.88%, 07/15/2035<sup>(h)</sup> |  | $11942563 | 11896646  |
| &nbsp;&nbsp;&nbsp; **TOTAL U.S. TREASURY SECURITIES** <br>**(Cost $12,256,338)** |  |  | 11896646  |
| **CONVERTIBLE BONDS - 1.5%** | **CONVERTIBLE BONDS - 1.5%** | **CONVERTIBLE BONDS - 1.5%** | **CONVERTIBLE BONDS - 1.5%** |
| **Holding Companies - 0.2%**<br>|  |  |  |
|  Novedo Holding AB, 12.00% (or 12.00% PIK), 09/18/2028 | SEK | 15400000 | 1285143  |
| **Information - 0.0%<sup>(g)</sup>** <br>|  |  |  |
|  Go North Group AB, 0.00%, 12/31/2050<sup>(b)(c)(i)</sup> | SEK | 18653577 | 0  |
|  **Professional, Scientific, and Technical Services - 1.3%**<br>|  |  |  |
|  Compass, Inc., 0.25%, 04/15/2031<sup>(a)</sup> |  | 9179000 | 7705771  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE BONDS** <br>**(Cost $10,380,006)** |  |  | 8990914  |

---

---

| | | | |
|:---|:---|:---|:---|
|  |  | **Shares**  | **Value**  |
| &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT TRUSTS -** <br>**PREFERRED - 0.4%** | &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT TRUSTS -** <br>**PREFERRED - 0.4%** | &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT TRUSTS -** <br>**PREFERRED - 0.4%** | &nbsp;&nbsp;&nbsp; **REAL ESTATE INVESTMENT TRUSTS -** <br>**PREFERRED - 0.4%** |
|  **Real Estate and Rental and Leasing - 0.4%**<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; CTO Realty Growth, Inc., Series A, 6.38%, <br>Perpetual |  | 122890 | $2484836  |
| &nbsp;&nbsp;&nbsp; **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** <br>**(Cost $2,453,900)** |  |  | 2484836  |
|  |  | **Par** |  |
| **MORTGAGE-BACKED SECURITIES - 0.3%** | **MORTGAGE-BACKED SECURITIES - 0.3%** | **MORTGAGE-BACKED SECURITIES - 0.3%** | **MORTGAGE-BACKED SECURITIES - 0.3%** |
| **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** |
| &nbsp;&nbsp;&nbsp; Merit 2020, A Series 2021-STOR, Class A, 4.49% <br>(1 mo. Term SOFR + 0.81%), 07/15/2038<sup>(a)</sup> |  | $1915000 | 1914333  |
|  **TOTAL MORTGAGE-BACKED SECURITIES (Cost $1,903,031)** |  |  | 1914333  |
| &nbsp;&nbsp;&nbsp; **FOREIGN GOVERNMENT DEBT** <br>**OBLIGATIONS - 0.2%** | &nbsp;&nbsp;&nbsp; **FOREIGN GOVERNMENT DEBT** <br>**OBLIGATIONS - 0.2%** | &nbsp;&nbsp;&nbsp; **FOREIGN GOVERNMENT DEBT** <br>**OBLIGATIONS - 0.2%** | &nbsp;&nbsp;&nbsp; **FOREIGN GOVERNMENT DEBT** <br>**OBLIGATIONS - 0.2%** |
|  Norway Government Bond, 3.75%, 06/12/2035<sup>(a)</sup> | NOK | 12500000 | 1234199  |
| &nbsp;&nbsp;&nbsp; **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** <br>**(Cost $1,182,741)** |  |  | 1234199  |
|  |  | **Shares** |  |
| &nbsp;&nbsp;&nbsp; **CONVERTIBLE PREFERRED** <br>**STOCKS - 0.1%** | &nbsp;&nbsp;&nbsp; **CONVERTIBLE PREFERRED** <br>**STOCKS - 0.1%** | &nbsp;&nbsp;&nbsp; **CONVERTIBLE PREFERRED** <br>**STOCKS - 0.1%** | &nbsp;&nbsp;&nbsp; **CONVERTIBLE PREFERRED** <br>**STOCKS - 0.1%** |
|  **Professional, Scientific, and Technical Services - 0.1%**<br>|  |  |  |
|  Oracle Corp., Series D, 6.50%, 01/15/2029<sup>(e)</sup> |  | 14151 | 636937  |
| &nbsp;&nbsp;&nbsp; **TOTAL CONVERTIBLE PREFERRED STOCKS** <br>**(Cost $707,550)** |  |  | 636937  |
|  |  | **Contracts** |  |
| **WARRANTS - 0.0%<sup>(g)</sup>** <br>|  |  |  |
| **Information - 0.0%<sup>(g)</sup>** <br>|  |  |  |
|  Audacy Warrants, Expires 09/30/2029, Exercise Price $0.01<sup>(e)</sup> |  | 19401 | 58203  |
|  Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00<sup>(e)</sup> |  | 21228 | 0  |
|  |  |  | 58203 |

---

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

29<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | |
|:---|:---|:---|
|  | **Contracts** | **Value**  |
| **WARRANTS - (Continued)**  | **WARRANTS - (Continued)**  | **WARRANTS - (Continued)**  |
| **Manufacturing - 0.0%<sup>(g)</sup>** <br>|  |  |
|  McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25<sup>(b)(e)</sup> | 286965 | $0  |
|  McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25<sup>(b)(e)</sup> | 258269 | 0  |
|  |  | 0  |
| &nbsp;&nbsp;&nbsp; **TOTAL WARRANTS** <br>**(Cost $688,763)** |  | 58203  |
|  | **Shares** |  |
| **RIGHTS - 0.0%<sup>(g)</sup>** <br>|  |  |
| &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>**  | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>**  | &nbsp;&nbsp;&nbsp; **Professional, Scientific, and** <br>**Technical Services - 0.0%<sup>(g)</sup>**  |
|  DT Cloud Star Acquisition Corp., Expires 07/09/2029, Exercise Price $10.00<sup>(e)</sup> | 125000 | 21688  |
| &nbsp;&nbsp;&nbsp; **TOTAL RIGHTS** <br>**(Cost $625,000)** |  | 21688 |
|  | **Par** |  |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 9.6%** | **COMMERCIAL PAPER - 9.6%** | **COMMERCIAL PAPER - 9.6%** |
| **Consumer Discretionary - 3.7%** | **Consumer Discretionary - 3.7%** | **Consumer Discretionary - 3.7%** |
|  Genuine Parts Co., 4.31%, 04/16/2026<sup>(a)(j)</sup> | $10955000 | 10934519  |
|  Stanley Black & Decker, Inc., 4.25%, 04/20/2026<sup>(a)(j)</sup> | 11180000 | 11154934  |
|  |  | 22089453  |
| **Consumer Staples - 2.0%**<br>|  |  |
|  Keurig Dr Pepper, Inc., 4.35%, 04/24/2026<sup>(a)(j)</sup> | 12047000 | 12012741  |
|  **Health Care and Social Assistance - 1.9%**<br>|  |  |
|  HCA, Inc., 4.17%, 04/29/2026<sup>(a)(j)</sup> | 11445000 | 11405147  |
| **Utilities - 2.0%**<br>|  |  |
|  Edison International, 4.27%, 04/17/2026<sup>(a)(j)</sup> | 12135000 | 12111127  |
| &nbsp;&nbsp;&nbsp; **TOTAL COMMERCIAL PAPER** <br>**(Cost $57,624,729)** |  | 57618468 |

---

---

| | | |
|:---|:---|:---|
|  | **Shares** | **Value**  |
| **MONEY MARKET FUNDS - 6.2%** | **MONEY MARKET FUNDS - 6.2%** | **MONEY MARKET FUNDS - 6.2%** |
|  First American Government Obligations Fund - Class X, 3.58%<sup>(k)</sup> | 7612989 | $7612989  |
|  First American Treasury Obligations Fund - Class X, 3.59%<sup>(k)</sup> | 29524113 | 29524113  |
| &nbsp;&nbsp;&nbsp; **TOTAL MONEY MARKET FUNDS** <br>**(Cost $37,137,102)** |  | 37137102  |
| &nbsp;&nbsp;&nbsp; **TOTAL INVESTMENTS - 97.6%** <br>**(Cost $599,638,931)** |  | $583569720  |
|  Other Assets in Excess of Liabilities - 2.4% |  | 14238930  |
| &nbsp;&nbsp;&nbsp; **TOTAL NET** <br>**ASSETS - 100.0%** |  | $597808650 |

---

Par amount is in USD unless otherwise indicated.

Percentages are stated as a percent of net assets.

AB - Aktiebolag

AG - Aktiengesellschaft

ASA - Advanced Subscription Agreement

EURIBOR - Euro Interbank Offered Rate

LLC - Limited Liability Company

LP - Limited Partnership

NIBOR - Norway Interbank Offered Rate

PIK - Payment in Kind

PLC - Public Limited Company

SOFR - Secured Overnight Financing Rate

STIBOR - Stockholm Interbank Offered Rate

EUR - Euro

GBP - British Pound

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

<sup>(a)</sup> Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional investors. As of March 31, 2026, the value of these securities total $235,927,062 or 39.5% of the Fund's net assets.

<sup>(b)</sup> Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities represented $36,621,284 or 6.1% of net assets as of March 31, 2026.

<sup>(c)</sup> Security is currently in default.

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

30<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF INVESTMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(d)</sup> Step coupon bond. The rate disclosed is as of March 31, 2026.

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

<sup>(f)</sup> Held in connection with written option contracts. See Schedule of Written Options for further information.

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

<sup>(h)</sup> All or a portion of the security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of March 31, 2026 was $11,882,517.

<sup>(i)</sup> Zero coupon bonds make no periodic interest payments.

<sup>(j)</sup> The rate shown is the annualized yield as of March 31, 2026.

<sup>(k)</sup> The rate shown represents the 7-day annualized yield as of March 31, 2026.

<sup>(l)</sup> Privately held.

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

31<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF WRITTEN OPTIONS** 

**March 31, 2026 (Unaudited)** 

---

| | | | |
|:---|:---|:---|:---|
|  | **Notional** <br>**Amount** | **Contracts** | **Value**  |
| **WRITTEN OPTIONS - (0.0)%<sup>(a)(b)</sup>**  | **WRITTEN OPTIONS - (0.0)%<sup>(a)(b)</sup>**  | **WRITTEN OPTIONS - (0.0)%<sup>(a)(b)</sup>**  | **WRITTEN OPTIONS - (0.0)%<sup>(a)(b)</sup>**  |
| **Call Options - (0.0)%<sup>(c)</sup>**  | **Call Options - (0.0)%<sup>(c)</sup>**  | **Call Options - (0.0)%<sup>(c)</sup>**  | **Call Options - (0.0)%<sup>(c)</sup>**  |
| GCI Liberty, Inc.<br>|  |  |  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $35.00 | $(2634468) | &nbsp;&nbsp;&nbsp;&nbsp;(708) | $(182310)  |
| &nbsp;&nbsp;&nbsp; Expiration: 04/17/2026; Exercise Price: $40.00 | (1581425) | &nbsp;&nbsp;&nbsp;&nbsp;(425) | (22312)  |
|  iShares iBoxx USD High Yield Corporate Bond ETF, Expiration: 04/17/2026; Exercise Price: $79.00 | (2816424) | &nbsp;&nbsp;&nbsp;&nbsp;(354) | (23718)  |
| UnitedHealth Group, Inc., Expiration: 04/10/2026; Exercise Price: $265.00 | (974124) | &nbsp;&nbsp;&nbsp;&nbsp;(36) | (47664)  |
| **Total Call Options** |  |  | (276004)  |
| **Put Options - (0.0)%<sup>(c)</sup>**  | **Put Options - (0.0)%<sup>(c)</sup>**  | **Put Options - (0.0)%<sup>(c)</sup>**  | **Put Options - (0.0)%<sup>(c)</sup>**  |
| GCI Liberty, Inc., Expiration: 04/17/2026; Exercise Price: $30.00 | (1581425) | &nbsp;&nbsp;&nbsp;&nbsp;(425) | (3188)  |
|  iShares iBoxx USD High Yield Corporate Bond ETF, Expiration: 04/17/2026; Exercise Price: $78.00 | (2816424) | &nbsp;&nbsp;&nbsp;&nbsp;(354) | (9558)  |
| **Total Put Options** |  |  | (12746)  |
| &nbsp;&nbsp;&nbsp; **TOTAL WRITTEN OPTIONS** <br>**(Premiums received $622,453)** |  |  | $(288750) |

---

Percentages are stated as a percent of net assets.

<sup>(a)</sup> 100 shares per contract.

<sup>(b)</sup> Exchange-traded.

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

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

32<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF SECURITIES SOLD SHORT** 

**March 31, 2026 (Unaudited)** 

---

| | | |
|:---|:---|:---|
|  | **Par** | **Value**  |
| **CORPORATE BONDS - (0.9)%** | **CORPORATE BONDS - (0.9)%** | **CORPORATE BONDS - (0.9)%** |
| **Finance and Insurance - (0.1)%**  | **Finance and Insurance - (0.1)%**  | **Finance and Insurance - (0.1)%**  |
| Arches Buyer, Inc., 6.13%, 12/01/2028 | $(500000) | $(479202)  |
| **Manufacturing - (0.6)%**  | **Manufacturing - (0.6)%**  | **Manufacturing - (0.6)%**  |
| PepsiCo, Inc., 5.00%, 02/07/2035 | (3481000) | (3527714)  |
| **Materials - (0.2)%**  | **Materials - (0.2)%**  | **Materials - (0.2)%**  |
| Champion Iron Ltd., 7.88%, 07/15/2032 | (1417000) | (1469072)  |
| &nbsp;&nbsp;&nbsp; **TOTAL CORPORATE BONDS** <br>**(Proceeds $5,428,848)** |  | (5475988)  |
|  | **Shares** |  |
| **EXCHANGE TRADED FUNDS - (0.5)%**  | **EXCHANGE TRADED FUNDS - (0.5)%**  | **EXCHANGE TRADED FUNDS - (0.5)%**  |
| **Finance and Insurance - (0.5)%** | **Finance and Insurance - (0.5)%** | **Finance and Insurance - (0.5)%** |
| iShares iBoxx USD High Yield Corporate Bond ETF | (35390) | (2815628)  |
| &nbsp;&nbsp;&nbsp; **TOTAL EXCHANGE TRADED FUNDS** <br>**(Proceeds $2,861,058)** |  | (2815628)  |
| &nbsp;&nbsp;&nbsp; **TOTAL SECURITIES SOLD SHORT - (1.4)%** <br>**(Proceeds $8,289,906)** |  | $(8291616) |

---

Percentages are stated as a percent of net assets.

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

33<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**SCHEDULE OF FORWARD CURRENCY CONTRACTS** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Counterparty** | **Settlement Date** | **Currency** <br>**Purchased** | **Currency** <br>**Purchased** | **Currency** <br>**Sold** | **Currency** <br>**Sold** | **Unrealized Appreciation (Depreciation)**  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | EUR | 515000 | USD | 594233 | $2326  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 1050614 | CAD | 1425000 | 24209  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 14785652 | GBP | 11058000 | 150537  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 11554051 | NOK | 111745000 | 16887  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 11189155 | SEK | 103625000 | 216783  |
| U.S. Bancorp Investments, Inc. | 05/15/2026 | USD | 58766255 | EUR | 50835000 | (119281)  |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $291461 |

---

CAD - Canadian Dollar

EUR - Euro

GBP - British Pound

NOK - Norwegian Krone

SEK - Swedish Krona

USD - United States Dollar

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

34<br>

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**March 31, 2026 (Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration** <br>**High Income Fund** | **CrossingBridge** <br>**Nordic High** <br>**Income Bond Fund** | **CrossingBridge** <br>**Responsible** <br>**Credit Fund** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration ETF** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration Fund**  |
| **ASSETS:** <br>|  |  |  |  |  |
| Investments, at value | $1574673990 | &nbsp;&nbsp;&nbsp; $82228986 | $44896188 | $11252022 | $375684333  |
| Interest receivable | 16046544 | &nbsp;&nbsp;&nbsp; 901814 | 575457 | 7987 | 3022753  |
| Foreign currency, at value | 5238712 | &nbsp;&nbsp;&nbsp; 141154 | 143689 |  | —  |
|  Unrealized appreciation of open forward currency contracts | 1300959 | &nbsp;&nbsp;&nbsp; 286786 | 105046 |  | 196997  |
| Receivable for fund shares sold | 1226109 | &nbsp;&nbsp;&nbsp; 67973 |  |  | 551551  |
| Dividends receivable | 334683 | &nbsp;&nbsp;&nbsp; 30225 | 9054 | 2601 | 65581  |
| Cash |  | &nbsp;&nbsp;&nbsp; 4072336 | 8823 |  | 18136  |
| Receivable for investments sold |  | &nbsp;&nbsp;&nbsp; — |  | 128230 | —  |
| Prepaid expenses and other assets | 70767 | &nbsp;&nbsp;&nbsp; 10957 | 9038 |  | 14858  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 1598891764 | &nbsp;&nbsp;&nbsp; 87740231 | 45747295 | 11390840 | 379554209  |
| **LIABILITIES:**<br>|  |  |  |  |  |
| Payable for investments purchased | 34527746 | &nbsp;&nbsp;&nbsp; — | 651230 |  | 14268895  |
| Payable for fund shares redeemed | 6254620 | &nbsp;&nbsp;&nbsp; 45707 | 308425 |  | 240803  |
| Payable to Adviser | 853738 | &nbsp;&nbsp;&nbsp; 40753 | 9558 | 8340 | 205068  |
|  Unrealized depreciation of open forward currency contracts | 267827 | &nbsp;&nbsp;&nbsp; 48562 | 14660 |  | 103  |
|  Payable for fund administration and accounting fees | 211640 | &nbsp;&nbsp;&nbsp; 23372 | 17828 |  | 56811  |
|  Payable for distribution and shareholder servicing fees | 103164 | &nbsp;&nbsp;&nbsp; 5413 | 9183 |  | 58968  |
|  Payable for transfer agent fees and expenses | 77169 | &nbsp;&nbsp;&nbsp; 9392 | 9983 |  | 22667  |
| Payable for custodian fees | 52337 | &nbsp;&nbsp;&nbsp; 9451 | 5433 |  | 7957  |
| Payable for audit fees | 22276 | &nbsp;&nbsp;&nbsp; 17743 | 19275 |  | 16170  |
| Payable for compliance fees | 3626 | &nbsp;&nbsp;&nbsp; 3626 | 3626 |  | 3626  |
|  Payable for expenses and other liabilities | 39768 | &nbsp;&nbsp;&nbsp; 24345 | 17001 |  | 18617  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 42413911 | &nbsp;&nbsp;&nbsp; 228364 | 1066202 | 8340 | 14899685  |
| **NET ASSETS** | $1556477853 | &nbsp;&nbsp;&nbsp; $87511867 | $44681093 | $11382500 | $364654524  |
| **Net Assets Consists of:**<br>|  |  |  |  |  |
| Paid-in capital | $1606707973 | &nbsp;&nbsp;&nbsp; $88159333 | $48016846 | $10710411 | $365150875  |
|  Total distributable earnings/ (accumulated losses) | (50230120) | &nbsp;&nbsp;&nbsp; (647466) | (3335753) | 672089 | (496351)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $1556477853 | &nbsp;&nbsp;&nbsp; $87511867 | $44681093 | $11382500 | $364654524  |
| Net assets | $— | &nbsp;&nbsp;&nbsp; $— | $— | $11382500 | $—  |
| Shares issued and outstanding<sup>(a)</sup> |  | &nbsp;&nbsp;&nbsp; — |  | 580000 | —  |
| Net asset value per share | $— | &nbsp;&nbsp;&nbsp; $— | $— | $19.63 | $—  |

---

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

35<br>

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration** <br>**High Income Fund** | **CrossingBridge** <br>**Nordic High** <br>**Income Bond Fund** | **CrossingBridge** <br>**Responsible** <br>**Credit Fund** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration ETF** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration Fund**  |
| **Institutional Class** <br>|  |  |  |  |  |
| Net assets | $1553112498 | &nbsp;&nbsp;&nbsp; $87511867 | $44681093 | $— | $364654524  |
| Shares issued and outstanding<sup>(a)</sup> | 162262814 | &nbsp;&nbsp;&nbsp; 8742512 | 4976454 |  | 36639626  |
| Net asset value per share | $9.57 | &nbsp;&nbsp;&nbsp; $10.01 | $8.98 | $— | $9.95  |
| **Retail Class** <br>|  |  |  |  |  |
| Net assets | $3365355 | &nbsp;&nbsp;&nbsp; $— | $— | $— | $—  |
| Shares issued and outstanding<sup>(a)</sup> | 350008 | &nbsp;&nbsp;&nbsp; — |  |  | —  |
| Net asset value per share | $9.62 | &nbsp;&nbsp;&nbsp; $— | $— | $— | $—  |
| **Cost:**<br>|  |  |  |  |  |
| Investments, at cost | $1597051084 | &nbsp;&nbsp;&nbsp; $80143384 | $46049200 | $10982798 | $375422584  |
| Foreign currency, at cost | $5192310 | &nbsp;&nbsp;&nbsp; $141960 | $142829 | $— | $— |

---

<sup>(a)</sup> Unlimited shares authorized, $0.001 par value. 

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

36<br>

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
|  | **RiverPark** <br>**Strategic** <br>**Income Fund**  |
| **ASSETS:** <br>|  |
| Investments, at value | $583569720  |
| Deposit at broker for securities sold short | 16846096  |
| Interest receivable | 10035207  |
| Receivable for fund shares sold | 657849  |
| Unrealized appreciation of open forward currency contracts | 410742  |
| Cash | 163885 |
| Dividends receivable | 43202  |
| Restricted cash | 50  |
| Prepaid expenses and other assets | 97782  |
| &nbsp;&nbsp;&nbsp; **Total assets** | 611824533  |
| **LIABILITIES:**<br>|  |
| Securities sold short, at value | 8291616  |
| Written option contracts, at value | 288750  |
| Payable to custodian foreign currency, at value | 912031  |
| Payable for investments purchased | 2849875  |
| Payable for fund shares redeemed | 837792  |
| Payable to Adviser | 331688  |
| Payable for distribution and shareholder servicing fees | 122360  |
| Unrealized depreciation of open forward currency contracts | 119281  |
| Payable for fund administration and accounting fees | 95803  |
| Interest payable | 59873  |
| Payable for transfer agent fees and expenses | 33259  |
| Payable for audit fees | 24240  |
| Payable for custodian fees | 18549  |
| Payable for compliance fees | 3626  |
| Payable for expenses and other liabilities | 27140  |
| &nbsp;&nbsp;&nbsp; **Total liabilities** | 14015883  |
| **NET ASSETS** | $597808650  |
| **Net Assets Consists of:**<br>|  |
| Paid-in capital | $694906165  |
| Total accumulated losses | (97097515)  |
| &nbsp;&nbsp;&nbsp; **Total net assets** | $597808650  |
| **Institutional Class** <br>|  |
| Net assets | $544230189  |
| Shares issued and outstanding <sup>(a)</sup> | 64320474  |
| Net asset value per share | $8.46  |
| **Retail Class** <br>|  |
| Net assets | $53578461  |
| Shares issued and outstanding <sup>(a)</sup> | 6302833  |
| Net asset value per share | $8.50  |

---

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

37<br>

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF ASSETS AND LIABILITIES** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
|  | **RiverPark** <br>**Strategic** <br>**Income Fund**  |
| **Cost:** <br>|  |
| Investments, at cost | $599638931  |
| **Proceeds:**<br>|  |
| Securities sold short proceeds | $8289906  |
| Written options premium received | $622453 |

---

<sup>(a)</sup> Unlimited shares authorized, $0.001 par value. 

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

38<br>

------

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF OPERATIONS** 

**For the Period Ended March 31, 2026 (Unaudited)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration** <br>**High Income Fund** | **CrossingBridge** <br>**Nordic High** <br>**Income Bond Fund** | **CrossingBridge** <br>**Responsible** <br>**Credit Fund** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration ETF** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration Fund**  |
| **INVESTMENT INCOME:** <br>|  |  |  |  |  |
| Dividend income | &nbsp;&nbsp; $2299851 | &nbsp;&nbsp;&nbsp; $157905 | $88534 | &nbsp;&nbsp;&nbsp; $18784 | $469994  |
| Interest income | &nbsp;&nbsp; 55458437 | &nbsp;&nbsp;&nbsp; 2502843 | 1553933 | &nbsp;&nbsp;&nbsp; 3399 | 10103451  |
| Interest income received in kind  | &nbsp;&nbsp; 1457988  | &nbsp;&nbsp;&nbsp; 60169  | 71532  | &nbsp;&nbsp;&nbsp; —  | 18906  |
| Other income | &nbsp;&nbsp; 54978 | &nbsp;&nbsp;&nbsp; 6325 | 22633 | &nbsp;&nbsp;&nbsp; — | 174819  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | &nbsp;&nbsp; 59271254 | &nbsp;&nbsp;&nbsp; 2727242 | 1736632 | &nbsp;&nbsp;&nbsp; 22183 | 10767170  |
| **EXPENSES:**<br>|  |  |  |  |  |
| Investment advisory fee | &nbsp;&nbsp; 4912103 | &nbsp;&nbsp;&nbsp; 237442 | 156598 | &nbsp;&nbsp;&nbsp; 71543 | 1152844  |
|  Shareholder service costs - Institutional Class | &nbsp;&nbsp; 828031 | &nbsp;&nbsp;&nbsp; 36530 | 12589 | &nbsp;&nbsp;&nbsp; — | 246117  |
|  Shareholder service costs - Retail Class | &nbsp;&nbsp; 3248 | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — | —  |
|  Fund administration and accounting fees | &nbsp;&nbsp; 302408 | &nbsp;&nbsp;&nbsp; 21973 | 26407 | &nbsp;&nbsp;&nbsp; — | 82558  |
| Transfer agent fees | &nbsp;&nbsp; 112671 | &nbsp;&nbsp;&nbsp; 12923 | 12459 | &nbsp;&nbsp;&nbsp; — | 30249  |
| Custodian fees | &nbsp;&nbsp; 106876 | &nbsp;&nbsp;&nbsp; 19343 | 14138 | &nbsp;&nbsp;&nbsp; — | 19424  |
| Federal and state registration fees | &nbsp;&nbsp; 67832 | &nbsp;&nbsp;&nbsp; 14608 | 12203 | &nbsp;&nbsp;&nbsp; — | 21132  |
| Legal fees | &nbsp;&nbsp; 31470 | &nbsp;&nbsp;&nbsp; 7573 | 8523 | &nbsp;&nbsp;&nbsp; — | 10148  |
| Reports to shareholders | &nbsp;&nbsp; 26576 | &nbsp;&nbsp;&nbsp; 669 | 807 | &nbsp;&nbsp;&nbsp; — | 2377  |
| Audit fees | &nbsp;&nbsp; 24477 | &nbsp;&nbsp;&nbsp; 17273 | 19278 | &nbsp;&nbsp;&nbsp; — | 16167  |
| Trustees' fees | &nbsp;&nbsp; 16380 | &nbsp;&nbsp;&nbsp; 16380 | 16380 | &nbsp;&nbsp;&nbsp; — | 16380  |
| Operating fees | &nbsp;&nbsp; 15946 | &nbsp;&nbsp;&nbsp; 758 | 2135 | &nbsp;&nbsp;&nbsp; — | 184  |
| Distribution expenses - Retail Class | &nbsp;&nbsp; 7381 | &nbsp;&nbsp;&nbsp; — |  | &nbsp;&nbsp;&nbsp; — | —  |
| Compliance fees | &nbsp;&nbsp; 5460 | &nbsp;&nbsp;&nbsp; 5460 | 5460 | &nbsp;&nbsp;&nbsp; — | 5460  |
| Other expenses and fees | &nbsp;&nbsp; 30438 | &nbsp;&nbsp;&nbsp; 4166 | 6717 | &nbsp;&nbsp;&nbsp; — | 7456  |
| &nbsp;&nbsp;&nbsp; Total expenses | &nbsp;&nbsp; 6491297 | &nbsp;&nbsp;&nbsp; 395098 | 293694 | &nbsp;&nbsp;&nbsp; 71543 | 1610496  |
| &nbsp;&nbsp;&nbsp; Expense (reimbursement) recoupment by Adviser | &nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (48067) | (88189) | &nbsp;&nbsp;&nbsp; — | 54606  |
| &nbsp;&nbsp;&nbsp; Net expenses | &nbsp;&nbsp; 6491297 | &nbsp;&nbsp;&nbsp; 347031 | 205505 | &nbsp;&nbsp;&nbsp; 71543 | 1665102  |
| **Net investment income/(loss)** | &nbsp;&nbsp; 52779957 | &nbsp;&nbsp;&nbsp; 2380211 | 1531127 | &nbsp;&nbsp;&nbsp; (49360) | 9102068  |

---

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

39<br>

------

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF OPERATIONS** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration** <br>**High Income Fund** | **CrossingBridge** <br>**Nordic High** <br>**Income Bond Fund** | **CrossingBridge** <br>**Responsible** <br>**Credit Fund** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration ETF** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration Fund**  |
|  **REALIZED AND UNREALIZED GAIN (LOSS)**<br>|  |  |  |  |  |
| Net realized gain (loss) from: <br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments | &nbsp;&nbsp; $(5087260) | &nbsp;&nbsp;&nbsp; $296456 | $(22725) | &nbsp;&nbsp;&nbsp; $632458 | $(84119)  |
| &nbsp;&nbsp;&nbsp; Forward currency contracts | &nbsp;&nbsp; 5222956 | &nbsp;&nbsp;&nbsp; 534290 | 286873 | &nbsp;&nbsp;&nbsp; — | (47973)  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | &nbsp;&nbsp; (1536313) | &nbsp;&nbsp;&nbsp; (383065) | (111159) | &nbsp;&nbsp;&nbsp; — | (100286)  |
| Net realized gain (loss) | &nbsp;&nbsp; (1400617) | &nbsp;&nbsp;&nbsp; 447681 | 152989 | &nbsp;&nbsp;&nbsp; 632458 | (232378)  |
|  Net change in unrealized appreciation (depreciation) on: <br>|  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Investments  | &nbsp;&nbsp; (26032061) | &nbsp;&nbsp;&nbsp; (1045689) | (1061239) | &nbsp;&nbsp;&nbsp; (14019) | (685271)  |
| &nbsp;&nbsp;&nbsp; Forward currency contracts | &nbsp;&nbsp; 880126 | &nbsp;&nbsp;&nbsp; 95042 | 57105 | &nbsp;&nbsp;&nbsp; — | 21921  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | &nbsp;&nbsp; 42623 | &nbsp;&nbsp;&nbsp; (5242) | 1565 | &nbsp;&nbsp;&nbsp; — | 447  |
|  Net change in unrealized appreciation (depreciation) | &nbsp;&nbsp; (25109312) | &nbsp;&nbsp;&nbsp; (955889) | (1002569) | &nbsp;&nbsp;&nbsp; (14019) | (662903)  |
|  **Net realized and unrealized gain (loss)** | &nbsp;&nbsp; (26509929) | &nbsp;&nbsp;&nbsp; (508208) | (849580) | &nbsp;&nbsp;&nbsp; 618439 | (895281)  |
|  **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | &nbsp;&nbsp; $26270028 | &nbsp;&nbsp;&nbsp; $1872003 | $681547 | &nbsp;&nbsp;&nbsp; $569079 | $8206787 |

---

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

40<br>

------

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF OPERATIONS** 

**For the Period Ended March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
|  | **RiverPark** <br>**Strategic** <br>**Income Fund** <br>|
| **INVESTMENT INCOME:** <br>|  |
| Dividend income | $1049673  |
| Interest income | 24305607  |
| Interest income received in kind  | 191618  |
| Other income  | 302735  |
| &nbsp;&nbsp;&nbsp; **Total investment income** | 25849633  |
| **EXPENSES:**<br>|  |
| Investment advisory fee | 1972825  |
| Interest expense | 673976  |
| Shareholder service costs - Institutional Class | 385207  |
| Shareholder service costs - Retail Class | 38472  |
| Fund administration and accounting fees | 138100  |
| Distribution expenses - Retail Class | 68860  |
| Dividends expenses | 49178  |
| Transfer agent fees | 45913  |
| Federal and state registration fees | 44999  |
| Custodian fees | 41982  |
| Operating fees | 26925  |
| Audit fees | 24235  |
| Legal fees | 18716  |
| Reports to shareholders | 18121  |
| Trustees' fees | 16380  |
| Compliance fees | 5460  |
| Other expenses and fees | 27690  |
| &nbsp;&nbsp;&nbsp; Total expenses | 3597039  |
| **Net investment income** | 22252594  |
| **REALIZED AND UNREALIZED GAIN (LOSS)**<br>|  |
| Net realized gain (loss) from: <br>|  |
| &nbsp;&nbsp;&nbsp; Investments | 4850776  |
| &nbsp;&nbsp;&nbsp; Written option contracts expired or closed | 299993  |
| &nbsp;&nbsp;&nbsp; Securities sold short | (149762)  |
| &nbsp;&nbsp;&nbsp; Forward currency contracts | 2401701  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (617629)  |
| Net realized gain (loss) | 6785079  |
| Net change in unrealized appreciation (depreciation) on: <br>|  |
| &nbsp;&nbsp;&nbsp; Investments | (20743585)  |
| &nbsp;&nbsp;&nbsp; Written option contracts | 314079  |
| &nbsp;&nbsp;&nbsp; Securities sold short | 306593  |
| &nbsp;&nbsp;&nbsp; Forward currency contracts | 274979  |
| &nbsp;&nbsp;&nbsp; Foreign currency translation | (20718)  |
| Net change in unrealized appreciation (depreciation) | (19868652)  |
| **Net realized and unrealized gain (loss)** | (13083573)  |
| **NET INCREASE (DECREASE) IN NET ASSETS RESULTING FROM OPERATIONS** | $9169021 |

---

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

41<br>

------

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF CHANGES IN NET ASSETS** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration High Income Fund** | **CrossingBridge** <br>**Low Duration High Income Fund** | **CrossingBridge** <br>**Nordic High Income Bond Fund**  | **CrossingBridge** <br>**Nordic High Income Bond Fund**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025<sup>(a)</sup>**  |
| **OPERATIONS:** <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $52779957 | $77964226 | $2380211 | &nbsp;&nbsp;&nbsp; $2692364  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | (1400617) | (8868536) | 447681 | &nbsp;&nbsp;&nbsp; (2697650)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (25109312) | 13165642 | (955889) | &nbsp;&nbsp;&nbsp; 3271626  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 26270028 | 82261332 | 1872003 | &nbsp;&nbsp;&nbsp; 3266340  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Institutional Class | (55410037) | (78822613) | (3113183) | &nbsp;&nbsp;&nbsp; (2673029)  |
| &nbsp;&nbsp;&nbsp; Retail Class | (94327) | (1022803) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (55504364) | (79845416) | (3113183) | &nbsp;&nbsp;&nbsp; (2673029)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 352618292 | 838302231 | 34413946 | &nbsp;&nbsp;&nbsp; 104447070  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 48396569 | 68998818 | 2684377 | &nbsp;&nbsp;&nbsp; 2251325  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (389948565) | (374373484) | (12875808) | &nbsp;&nbsp;&nbsp; (42761174)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Retail Class | 5920609 | 30021023 |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Retail Class | 94327 | 1022783 |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Retail Class | (28697905) | (5072848) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (11616673) | 558898523 | 24222515 | &nbsp;&nbsp;&nbsp; 63937221  |
| **Net increase (decrease) in net assets** | (40851009) | 561314439 | 22981335 | &nbsp;&nbsp;&nbsp; 64530532  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 1597328862 | 1036014423 | 64530532 | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; End of the period | $1556477853 | $1597328862 | $87511867 | &nbsp;&nbsp;&nbsp; $64530532  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 36451458 | 86104099 | 3413860 | &nbsp;&nbsp;&nbsp; 10342336  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 5018028 | 7097387 | 267570 | &nbsp;&nbsp;&nbsp; 222393  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (40197848) | (38475081) | (1276283) | &nbsp;&nbsp;&nbsp; (4227364)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Retail Class | 610218 | 3079305 |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Retail Class | 9741 | 104943 |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Retail Class | (2934542) | (519657) |  | &nbsp;&nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares** <br>**outstanding** | (1042945) | 57390996 | 2405147 | &nbsp;&nbsp;&nbsp; 6337365 |

---

<sup>(a)</sup> Commencement of operations of the Fund was October 1, 2024.

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

42<br>

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Responsible Credit Fund** | **CrossingBridge** <br>**Responsible Credit Fund** | **CrossingBridge** <br>**Ultra-Short Duration ETF**  | **CrossingBridge** <br>**Ultra-Short Duration ETF**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025**  |
| **OPERATIONS:** <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $1531127 | &nbsp;&nbsp; $3353651 | $(49360) | &nbsp;&nbsp; $(195789)  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | 152989 | &nbsp;&nbsp; (880714) | 632458 | &nbsp;&nbsp; 4938522  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (1002569) | &nbsp;&nbsp; 360842 | (14019) | &nbsp;&nbsp; (2264442)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 681547 | &nbsp;&nbsp; 2833779 | 569079 | &nbsp;&nbsp; 2478291  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; From earnings |  | &nbsp;&nbsp; — | (2483452) | &nbsp;&nbsp; (3505242)  |
| &nbsp;&nbsp;&nbsp; Institutional Class | (1598060) | &nbsp;&nbsp; (3657853) |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (1598060) | &nbsp;&nbsp; (3657853) | (2483452) | &nbsp;&nbsp; (3505242)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | &nbsp;&nbsp; — | 1021687 | &nbsp;&nbsp; 2315080  |
| &nbsp;&nbsp;&nbsp; Shares redeemed |  | &nbsp;&nbsp; — | (9861799) | &nbsp;&nbsp; (48083854)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 19854219 | &nbsp;&nbsp; 35639189 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 1447004 | &nbsp;&nbsp; 3219378 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (22607530) | &nbsp;&nbsp; (31828889) |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | (1306307) | &nbsp;&nbsp; 7029678 | (8840112) | &nbsp;&nbsp; (45768774)  |
| **Net increase (decrease) in net assets** | (2222820) | &nbsp;&nbsp; 6205604 | (10754485) | &nbsp;&nbsp; (46795725)  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 46903913 | &nbsp;&nbsp; 40698309 | 22136985 | &nbsp;&nbsp; 68932710  |
| &nbsp;&nbsp;&nbsp; End of the period | $44681093 | &nbsp;&nbsp; $46903913 | $11382500 | &nbsp;&nbsp; $22136985  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold |  | &nbsp;&nbsp; — | 50000 | &nbsp;&nbsp; 110000  |
| &nbsp;&nbsp;&nbsp; Shares redeemed |  | &nbsp;&nbsp; — | (490000) | &nbsp;&nbsp; (2290000)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 2187794 | &nbsp;&nbsp; 3852164 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 159589 | &nbsp;&nbsp; 349015 |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (2491548) | &nbsp;&nbsp; (3444001) |  | &nbsp;&nbsp; —  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | (144165) | &nbsp;&nbsp; 757178 | (440000) | &nbsp;&nbsp; (2180000) |

---

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

43<br>

------

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

**CROSSINGBRIDGE FUNDS** 

**STATEMENTS OF CHANGES IN NET ASSETS(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Ultra-Short Duration Fund** | **CrossingBridge** <br>**Ultra-Short Duration Fund** | **RiverPark Strategic** <br>**Income Fund**  | **RiverPark Strategic** <br>**Income Fund**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025** | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30, 2025**  |
| **OPERATIONS:** <br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net investment income (loss) | $9102068 | &nbsp;&nbsp; $12032223 | $22252594 | $40565123  |
| &nbsp;&nbsp;&nbsp; Net realized gain (loss) | (232378) | &nbsp;&nbsp; (801429) | 6785079 | (5604770)  |
| &nbsp;&nbsp;&nbsp; Net change in unrealized appreciation (depreciation) | (662903) | &nbsp;&nbsp; 1847098 | (19868652) | 8869101  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from operations** | 8206787 | &nbsp;&nbsp; 13077892 | 9169021 | 43829454  |
| **DISTRIBUTIONS TO SHAREHOLDERS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Institutional Class | (8930866) | &nbsp;&nbsp; (12228136) | (24695175) | (37480299)  |
| &nbsp;&nbsp;&nbsp; Retail Class |  | &nbsp;&nbsp; — | (2362114) | (3902224)  |
| &nbsp;&nbsp;&nbsp; **Total distributions to shareholders** | (8930866) | &nbsp;&nbsp; (12228136) | (27057289) | (41382523)  |
| **CAPITAL TRANSACTIONS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 98205804 | &nbsp;&nbsp; 235131822 | 63582785 | 293793162  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 5645912 | &nbsp;&nbsp; 7047002 | 24616821 | 37351157  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (72623765) | &nbsp;&nbsp; (78094655) | (85243483) | (237974616)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Retail Class |  | &nbsp;&nbsp; — | 4101407 | 35269501  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Retail Class |  | &nbsp;&nbsp; — | 2342449 | 3865571  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Retail Class |  | &nbsp;&nbsp; — | (11109355) | (21016309)  |
| &nbsp;&nbsp;&nbsp; **Net increase (decrease) in net assets from capital transactions** | 31227951 | &nbsp;&nbsp; 164084169 | (1709376) | 111288466  |
| **Net increase (decrease) in net assets** | 30503872 | &nbsp;&nbsp; 164933925 | (19597644) | 113735397  |
| **NET ASSETS:**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Beginning of the period | 334150652 | &nbsp;&nbsp; 169216727 | 617406294 | 503670897  |
| &nbsp;&nbsp;&nbsp; End of the period | $364654524 | &nbsp;&nbsp; $334150652 | $597808650 | $617406294  |
| **SHARES TRANSACTIONS**<br>|  |  |  |  |
| &nbsp;&nbsp;&nbsp; Shares sold - Institutional Class | 9847845 | &nbsp;&nbsp; 23607442 | 7403997 | 33820455  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Institutional Class | 567263 | &nbsp;&nbsp; 708738 | 2881848 | 4308441  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Institutional Class | (7272530) | &nbsp;&nbsp; (7848592) | (9940934) | (27450861)  |
| &nbsp;&nbsp;&nbsp; Shares sold - Retail Class |  | &nbsp;&nbsp; — | 476189 | 4047885  |
| &nbsp;&nbsp;&nbsp; Shares issued from reinvestment of distributions - Retail Class |  | &nbsp;&nbsp; — | 272916 | 443996  |
| &nbsp;&nbsp;&nbsp; Shares redeemed - Retail Class |  | &nbsp;&nbsp; — | (1284363) | (2413998)  |
| &nbsp;&nbsp;&nbsp; **Total increase (decrease) in shares outstanding** | 3142578 | &nbsp;&nbsp; 16467588 | (190347) | 12755918 |

---

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

44<br>

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

**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**FINANCIAL HIGHLIGHTS** 

**INSTITUTIONAL CLASS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
|  Net asset value, beginning of period | $9.76 | $9.75 | $9.66 | $9.84 | $10.36 | $9.86  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | 0.34 | 0.58 | 0.71 | 0.72 | 0.33 | 0.34  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | (0.17) | 0.02 | 0.09 | (0.06) | (0.36) | 0.54  |
|  **Total from investment operations** | 0.17 | 0.60 | 0.80 | 0.66 | (0.03) | 0.88  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | (0.36) | (0.59) | (0.71) | (0.73) | (0.33) | (0.38)  |
| Net realized gains |  |  |  | (0.11) | (0.16) | —  |
| **Total distributions** | (0.36) | (0.59) | (0.71) | (0.84) | (0.49) | (0.38)  |
| **Net asset value, end of period** | $9.57 | $9.76 | $9.75 | $9.66 | $9.84 | $10.36  |
| Total return<sup>(c)</sup> | 1.76% | 6.33% | 8.51% | 7.02% | -0.39% | 9.13%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | $1553112 | $1571259 | $1036014 | $606430 | $544893 | $326484  |
|  Ratio of expenses to average net assets: <br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/ recoupment<sup>(d)</sup> | 0.86% | 0.85% | 0.86% | 0.90% | 0.88% | 0.91%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/ recoupment<sup>(d)</sup> | 0.86% | 0.85% | 0.86% | 0.90% | 0.88% | 0.88%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)</sup> | 6.98% | 5.92% | 7.23% | 7.33% | 3.30% | 3.37%  |
| Portfolio turnover rate<sup>(c)(e)</sup> | 41% | 111% | 124% | 131% | 137% | 170% |

---

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

<sup>(b)</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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> Calculated on the basis of the Fund as a whole.

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

45<br>

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**CROSSINGBRIDGE LOW DURATION HIGH INCOME FUND** 

**FINANCIAL HIGHLIGHTS** 

**RETAIL CLASS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Period Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:** <br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp;&nbsp; $9.78 | &nbsp;&nbsp;&nbsp; $9.73  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.35 | &nbsp;&nbsp;&nbsp;&nbsp;0.50  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; (0.18) | &nbsp;&nbsp;&nbsp;&nbsp;0.05  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.17 | &nbsp;&nbsp;&nbsp;&nbsp;0.55  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp;&nbsp; (0.33) | &nbsp;&nbsp;&nbsp; (0.50)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp;&nbsp; (0.33) | &nbsp;&nbsp;&nbsp; (0.50)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp;&nbsp; $9.62 | &nbsp;&nbsp;&nbsp; $9.78  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.62% | &nbsp;&nbsp;&nbsp; 5.80%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp;&nbsp; $3365 | &nbsp;&nbsp;&nbsp; $26070  |
| Ratio of expenses to average net assets: <br>|  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp; 1.10%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 1.10% | &nbsp;&nbsp;&nbsp; 1.10%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 7.21% | &nbsp;&nbsp;&nbsp; 5.63%  |
| Portfolio turnover rate<sup>(d)(f)</sup> | &nbsp;&nbsp;&nbsp;&nbsp; 41% | &nbsp;&nbsp;&nbsp; 111% |

---

<sup>(a)</sup> Commencement of operations of the Retail Class shares was November 1, 2024.

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

<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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

<sup>(f)</sup> Calculated on the basis of the Fund as a whole.

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

46<br>

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**CROSSINGBRIDGE NORDIC HIGH INCOME BOND FUND** 

**FINANCIAL HIGHLIGHTS** 

---

| | | |
|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended** <br>**September 30,** <br>**2025<sup>(a)</sup>**  |
| **PER SHARE DATA:** <br>|  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $10.18 | &nbsp;&nbsp;&nbsp; $10.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.33 | &nbsp;&nbsp;&nbsp;&nbsp;0.63  |
| Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp;0.13  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp;&nbsp;0.76  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.44) | &nbsp;&nbsp;&nbsp; (0.57)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — | &nbsp;&nbsp;&nbsp; (0.01)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.44) | &nbsp;&nbsp;&nbsp; (0.58)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $10.01 | &nbsp;&nbsp;&nbsp; $10.18  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 2.65% | &nbsp;&nbsp;&nbsp; 7.79%  |
| **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $87512 | &nbsp;&nbsp;&nbsp; $64531  |
| Ratio of expenses to average net assets: <br>|  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1.08% | &nbsp;&nbsp;&nbsp; 1.35%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.95% | &nbsp;&nbsp;&nbsp; 0.95%  |
| Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 6.52% | &nbsp;&nbsp;&nbsp; 6.26%  |
| Portfolio turnover rate<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 19% | &nbsp;&nbsp;&nbsp; 76% |

---

<sup>(a)</sup> Commencement of operations of the Fund was October 1, 2024.

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

<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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

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

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**CROSSINGBRIDGE RESPONSIBLE CREDIT FUND** 

**FINANCIAL HIGHLIGHTS** 

**INSTITUTIONAL CLASS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $9.16 | $9.33 | $9.36 | $9.65 | $10.01 | &nbsp;&nbsp;&nbsp; $10.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.29 | 0.69 | 0.75 | 0.81 | 0.38 | &nbsp;&nbsp;&nbsp;&nbsp;0.06  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.17) | (0.12) | (0.04) | (0.13) | (0.33) | &nbsp;&nbsp;&nbsp; (0.01)  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.12 | 0.57 | 0.71 | 0.68 | 0.05 | &nbsp;&nbsp;&nbsp;&nbsp;0.05  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.30) | (0.74) | (0.74) | (0.83) | (0.39) | &nbsp;&nbsp;&nbsp; (0.04)  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — |  |  | (0.14) | (0.02) | &nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.30) | (0.74) | (0.74) | (0.97) | (0.41) | &nbsp;&nbsp;&nbsp; (0.04)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $8.98 | $9.16 | $9.33 | $9.36 | $9.65 | &nbsp;&nbsp;&nbsp; $10.01  |
| Total return<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.34% | 6.41% | 7.74% | 7.45% | 0.45% | &nbsp;&nbsp;&nbsp; 0.57%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $44681 | $46904 | $40698 | $27293 | $21162 | &nbsp;&nbsp;&nbsp; $16889  |
| Ratio of expenses to average net assets: <br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/ recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 1.22% | 1.23% | 1.50% | 1.70% | 1.97% | &nbsp;&nbsp;&nbsp; 2.77%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/ recoupment<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 0.85% | 0.89% | 0.90% | 0.90% | 0.89% | &nbsp;&nbsp;&nbsp; 0.91%  |
|  Ratio of net investment income (loss) to average net assets<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 6.36% | 7.43% | 7.97% | 8.50% | 3.83% | &nbsp;&nbsp;&nbsp; 2.36%  |
| Portfolio turnover rate<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 42% | 135% | 151% | 130% | 174% | &nbsp;&nbsp;&nbsp; 39% |

---

<sup>(a)</sup> Commencement of operations of the Fund was June 30, 2021.

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

<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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(d)</sup> Not annualized for periods less than one year.

<sup>(e)</sup> Annualized for periods less than one year.

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

48<br>

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION ETF** 

**FINANCIAL HIGHLIGHTS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $21.70 | $21.54 | $21.69 | $20.56 | $20.01 | &nbsp;&nbsp;&nbsp;&nbsp; $20.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment loss<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (0.06) | (0.10) | (0.12) | (0.03) | (0.16) | &nbsp;&nbsp;&nbsp;&nbsp;0.00<sup>(c)</sup>  |
|  Net realized and unrealized gain (loss) on investments<sup>(d)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.66 | 1.39 | 1.08 | 1.38 | 0.73 | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.60 | 1.29 | 0.96 | 1.35 | 0.57 | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (2.13) | (0.78) | (0.79) | (0.19) | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| Net realized gains | &nbsp;&nbsp;&nbsp; (0.54) | (0.35) | (0.32) | (0.03) |  | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (2.67) | (1.13) | (1.11) | (0.22) | (0.02) | &nbsp;&nbsp;&nbsp;&nbsp; —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $19.63 | $21.70 | $21.54 | $21.69 | $20.56 | &nbsp;&nbsp;&nbsp;&nbsp; $20.01  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2.86% | 6.23% | 4.54% | 6.63% | 2.85% | &nbsp;&nbsp;&nbsp;&nbsp; 0.03%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp;&nbsp; $11383 | $22137 | $68933 | $68982 | $63312 | &nbsp;&nbsp;&nbsp;&nbsp; $5802  |
| &nbsp;&nbsp;&nbsp; Ratio of expenses to average net <br>assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.80% | 0.80% | 0.87% | 0.80% | 0.81% | &nbsp;&nbsp;&nbsp;&nbsp; 0.80%  |
|  Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; (0.55)% | (0.46)% | (0.57)% | (0.14)% | (0.77)% | &nbsp;&nbsp;&nbsp;&nbsp; (0.80)%  |
| Portfolio turnover rate<sup>(e)(g)</sup> | &nbsp;&nbsp;&nbsp; 158% | 203% | 93% | 146% | 191% | &nbsp;&nbsp;&nbsp;&nbsp; 4% |

---

<sup>(a)</sup> Commencement of operations of the Fund was September 20, 2021.

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

<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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

<sup>(g)</sup> Portfolio turnover rate excludes in-kind transactions.

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

49<br>

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

**CROSSINGBRIDGE ULTRA-SHORT DURATION FUND** 

**FINANCIAL HIGHLIGHTS** 

**INSTITUTIONAL CLASS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Year Ended September 30,** | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022**  | **Period Ended** <br>**September 30,** <br>**2021<sup>(a)</sup>**  |
| **PER SHARE DATA:**<br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $9.98 | $9.94 | $9.91 | $9.97 | $10.01 | &nbsp;&nbsp;&nbsp; $10.00  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income (loss)<sup>(b)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.26 | 0.48 | 0.59 | 0.53 | 0.16 | &nbsp;&nbsp;&nbsp; (0.01)  |
|  Net realized and unrealized gain (loss) on investments<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; (0.04) | 0.04 | 0.01 | 0.00<sup>(d)</sup> | (0.05) | &nbsp;&nbsp;&nbsp;&nbsp;0.02  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.22 | 0.52 | 0.60 | 0.53 | 0.11 | &nbsp;&nbsp;&nbsp;&nbsp;0.01  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.25) | (0.47) | (0.57) | (0.53) | (0.14) | &nbsp;&nbsp;&nbsp; —  |
| Net realized gains | &nbsp;&nbsp;&nbsp; — | (0.01) |  | (0.06) | (0.01) | &nbsp;&nbsp;&nbsp; —  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.25) | (0.48) | (0.57) | (0.59) | (0.15) | &nbsp;&nbsp;&nbsp; —  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $9.95 | $9.98 | $9.94 | $9.91 | $9.97 | &nbsp;&nbsp;&nbsp; $10.01  |
| Total return<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 2.31% | 5.32% | 6.23% | 5.44% | 1.12% | &nbsp;&nbsp;&nbsp; 0.07%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp;&nbsp; $364655 | $334151 | $169217 | $94545 | $68333 | &nbsp;&nbsp;&nbsp; $37061  |
| Ratio of expenses to average net assets: <br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Before expense reimbursement/ recoupment<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.91% | 0.90% | 0.99% | 1.05% | 1.13% | &nbsp;&nbsp;&nbsp; 2.68%  |
| &nbsp;&nbsp;&nbsp; After expense reimbursement/ recoupment<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 0.94% | 0.91% | 0.90% | 0.90% | 0.89% | &nbsp;&nbsp;&nbsp; 0.90%  |
|  Ratio of net investment income (loss) to average net assets<sup>(f)</sup> | &nbsp;&nbsp;&nbsp; 5.13% | 4.77% | 5.88% | 5.33% | 1.64% | &nbsp;&nbsp;&nbsp; (0.28)%  |
| Portfolio turnover rate<sup>(e)</sup> | &nbsp;&nbsp;&nbsp; 74% | 164% | 154% | 217% | 155% | &nbsp;&nbsp;&nbsp; 42% |

---

<sup>(a)</sup> Commencement of operations of the Fund was June 30, 2021.

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

<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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

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

<sup>(e)</sup> Not annualized for periods less than one year.

<sup>(f)</sup> Annualized for periods less than one year.

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

50<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**FINANCIAL HIGHLIGHTS** 

**INSTITUTIONAL CLASS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:** <br>|  |  |  |  |  |  |
|  Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $8.72 | $8.67 | $8.54 | $8.71 | $9.33 | $8.60  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.31 | 0.62 | 0.67 | 0.68 | 0.45 | 0.45  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (0.19) | 0.06 | 0.13 | (0.14) | (0.55) | 0.70  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.12 | 0.68 | 0.80 | 0.54 | (0.10) | 1.15  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.38) | (0.63) | (0.67) | (0.71) | (0.52) | (0.42)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.38) | (0.63) | (0.67) | (0.71) | (0.52) | (0.42)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $8.46 | $8.72 | $8.67 | $8.54 | $8.71 | $9.33  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1.53% | 8.03% | 9.76% | 6.55% | -1.27% | 13.59%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| &nbsp;&nbsp;&nbsp; Net assets, end of period <br>(in thousands) | &nbsp;&nbsp;&nbsp; $544230 | $557547 | $462216 | $352180 | $168885 | $195997  |
|  Ratio of expenses to average net assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.16%<sup>(e)</sup> | 0.99% | 1.05% | 0.98% | 1.10% | 1.18%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short and tax expense<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 0.92% | 0.89% | 1.05% | 0.98% | 1.10% | 1.18%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 7.35% | 7.09% | 7.80% | 7.92% | 4.93% | 4.94%  |
| Portfolio turnover rate<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; 46% | 100% | 117% | 104% | 72% | 89% |

---

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

<sup>(b)</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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> The ratio of dividends, interest, and borrowing expense on securities sold short to average net assets was 0.24%.

<sup>(f)</sup> Calculated on the basis of the Fund as a whole.

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

51<br>

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

**RIVERPARK STRATEGIC INCOME FUND** 

**FINANCIAL HIGHLIGHTS** 

**RETAIL CLASS** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **Period Ended** <br>**March 31, 2026** <br>(Unaudited) | **2025** | **2024** | **2023** | **2022** | **2021**  |
| **PER SHARE DATA:** <br>|  |  |  |  |  |  |
| Net asset value, beginning of period | &nbsp;&nbsp;&nbsp; $8.75 | $8.71 | $8.56 | $8.72 | $9.33 | $8.60  |
| **INVESTMENT OPERATIONS:**<br>|  |  |  |  |  |  |
| Net investment income<sup>(a)</sup> | &nbsp;&nbsp;&nbsp;&nbsp;0.31 | 0.60 | 0.65 | 0.66 | 0.44 | 0.44  |
|  Net realized and unrealized gain (loss) on investments<sup>(b)</sup> | &nbsp;&nbsp;&nbsp; (0.19) | 0.05 | 0.13 | (0.13) | (0.56) | 0.68  |
| **Total from investment operations** | &nbsp;&nbsp;&nbsp;&nbsp;0.12 | 0.65 | 0.78 | 0.53 | (0.12) | 1.12  |
| **LESS DISTRIBUTIONS FROM:**<br>|  |  |  |  |  |  |
| Net investment income | &nbsp;&nbsp;&nbsp; (0.37) | (0.61) | (0.63) | (0.69) | (0.49) | (0.39)  |
| **Total distributions** | &nbsp;&nbsp;&nbsp; (0.37) | (0.61) | (0.63) | (0.69) | (0.49) | (0.39)  |
| **Net asset value, end of period** | &nbsp;&nbsp;&nbsp; $8.50 | $8.75 | $8.71 | $8.56 | $8.72 | $9.33  |
| Total return<sup>(c)</sup> | &nbsp;&nbsp;&nbsp; 1.41% | 7.76% | 9.48% | 6.30% | -1.41% | 13.44%  |
|  **SUPPLEMENTAL DATA AND RATIOS:**<br>|  |  |  |  |  |  |
| Net assets, end of period (in thousands) | &nbsp;&nbsp;&nbsp; $53578 | $59859 | $41455 | $19781 | $19581 | $13070  |
| &nbsp;&nbsp;&nbsp; Ratio of expenses to average net <br>assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.41%<sup>(e)</sup> | 1.24% | 1.29% | 1.23% | 1.27% | 1.33%  |
|  Ratio of expenses to average net assets excluding dividends, interest, and borrowing expense on securities sold short and tax expense<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 1.17% | 1.14% | 1.29% | 1.23% | 1.27% | 1.33%  |
|  Ratio of net investment income (loss) to average net assets<sup>(d)</sup> | &nbsp;&nbsp;&nbsp; 7.10% | 6.85% | 7.53% | 7.65% | 4.84% | 4.80%  |
| Portfolio turnover rate<sup>(c)(f)</sup> | &nbsp;&nbsp;&nbsp; 46% | 100% | 117% | 104% | 72% | 89% |

---

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

<sup>(b)</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 periods and may not reconcile with the aggregate gains and losses in the Statement of Operations due to share transactions for the periods.

<sup>(c)</sup> Not annualized for periods less than one year.

<sup>(d)</sup> Annualized for periods less than one year.

<sup>(e)</sup> The ratio of dividends, interest, and borrowing expense on securities sold short to average net assets was 0.24%.

<sup>(f)</sup> Calculated on the basis of the Fund as a whole.

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

52<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)** 

&nbsp;&nbsp;&nbsp;&nbsp;(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 CrossingBridge Funds (the "Funds") are comprised of the CrossingBridge Low Duration High Income Fund, the CrossingBridge Nordic High Income Bond Fund, the CrossingBridge Responsible Credit Fund, the CrossingBridge Ultra-Short Duration Fund, and the RiverPark Strategic Income Fund (collectively, the "Mutual Funds") and the CrossingBridge Ultra-Short Duration ETF (the "ETF") (formerly known as CrossingBridge Pre-Merger SPAC ETF), each representing a distinct series with its own investment objective and policies within the Trust.

The investment objective of the CrossingBridge Low Duration High Income Fund is to seek high current income and capital appreciation consistent with the preservation of capital. The investment objective of the CrossingBridge Nordic High Income Bond Fund is to seek high current income and capital appreciation consistent with the preservation of capital. The investment objective of the CrossingBridge Responsible Credit Fund is to seek high current income and capital appreciation consistent with the preservation of capital. The investment objective of the CrossingBridge Ultra-Short Duration Fund is to offer a higher yield than cash instruments while maintaining a low duration. The RiverPark Strategic Income Fund seeks high current income and capital appreciation consistent with the preservation of capital.

The CrossingBridge Low Duration High Income Fund's Institutional Class and Retail Class commenced investment operations on February 1, 2018 and November 1, 2024, respectively. The CrossingBridge Nordic High Income Bond Fund commenced investment operations on October 1, 2024. Both the CrossingBridge Responsible Credit Fund and CrossingBridge Ultra-Short Duration Fund commenced investment operations on June 30, 2021. The CrossingBridge Nordic High Income Bond Fund, CrossingBridge Responsible Credit Fund, and CrossingBridge Ultra-Short Duration Fund registered only an Institutional Class of shares.

The RiverPark Strategic Income Fund was formerly a series of the RiverPark Funds Trust and commenced operations on September 30, 2013 (the "Predecessor Fund"). After the close of business May 12, 2023, the assets of the Predecessor Fund were transferred to the RiverPark Strategic Income Fund, a series of the Trust, in a tax-free reorganization, which was approved by shareholders of the Predecessor Fund. The RiverPark Strategic Income Fund offers both Institutional and Retail Class of shares.

The investment objective of the CrossingBridge Ultra-Short Duration ETF is to offer a higher yield than cash instruments while maintaining a low duration. The ETF commenced investment operations on September 20, 2021. Prior to January 28, 2026, the ETF pursued a different principal investment strategy, investing primarily in shares of common stock and units of special purpose acquisitions companies ("SPACs") that have yet to consummate a shareholder-approved merger or business combination.

CrossingBridge Advisors, LLC (the "Adviser") serves as investment adviser to each of the Funds.

Costs incurred by the Funds in connection with the organization, registration and the initial public offering of shares were paid by the Adviser. The Trust may issue an unlimited number of shares of beneficial interest at $0.001 par value. The Funds are investment companies and accordingly follow the investment company accounting and reporting guidance of the Financial Accounting Standards Board ("FASB") Accounting Standards Codification Topic 946 "Financial Services – Investment Companies."

&nbsp;&nbsp;&nbsp;&nbsp;(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 generally accepted accounting principles in the United States of America ("GAAP").

&nbsp;&nbsp;&nbsp;&nbsp;(a) *Investment Valuation*. Each security owned by a Fund that is listed on a securities exchange, including Special Purpose Acquisition Companies
 ("SPACs"), is valued at its last sale price on that exchange on the date as of which assets are valued.

53<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

If the security is listed on more than one exchange, a Fund will use the price of the exchange that the Fund generally considers to be the principal exchange on which the security is traded. Portfolio securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent bid and asked prices on such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued. The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter markets as published by an approved independent pricing service ("Pricing Service").

Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time a Fund calculates its NAV, whichever is earlier. Foreign securities, currencies and other assets denominated in foreign currencies are then translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar, as provided by an approved Pricing Service or reporting agency. All assets denominated in foreign currencies will be converted into U.S. dollars using the applicable currency exchange rates as of the close of the New York Stock Exchange ("NYSE"), generally 4:00 p.m. Eastern Time.

Debt securities, including corporate bonds, bank loans, commercial paper, and short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with prices supplied by an approved Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a Pricing Service, the most recent quotation obtained from one or more broker-dealers known to follow the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. Any discount or premium is accreted or amortized using the constant yield method until maturity.

Options that are traded on a national securities exchange are valued at the last reported sale price on the exchange on which the security is principally traded.

Except for contracts maturing in two or fewer days, which are valued at the spot rate, forward currency contracts are valued at the midpoint prices calculated using an interpolation methodology that incorporates foreign-exchange prices obtained from a Pricing Service for standard forward settlement periods, such as one month, three months, six months, and one year.

SPAC Founders Shares, received as part of the initial public offering process, will be valued initially in line with the publicly traded warrants, which typically have no value prior to the warrants being separated from the SPAC common shares. Upon a de-SPAC transaction, the valuation of the Founders Shares may be updated to reflect more current circumstances and inputs, including the value of the publicly traded warrants or the value of the publicly traded common shares, and may include a discount to reflect any restrictions associated with the Founders Shares.

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.

Investments are held at fair value. If market quotations are not readily available, a security or other asset will be 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 a Fund is accurately priced. The Board of Trustees will regularly evaluate whether the Funds' fair value pricing procedures continue to be appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such procedures by the Adviser. The Board of Trustees has approved the Adviser as the Valuation Designee in accordance with Rule 2a-5 of the 1940 Act.

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

FASB Accounting Standards Codification, "Fair Value Measurements and Disclosures" Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be determinative of fair value and further analysis and adjustment may be necessary to estimate fair value.

ASC 820 also requires enhanced disclosure regarding the inputs and valuation techniques used to measure fair value in those instances as well as expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below:

Level 1 – Unadjusted quoted prices in active markets for identical securities.

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

Level 3 – Significant unobservable inputs (including the 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 March 31, 2026:

**CrossingBridge Low Duration High Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $784416938 | $1040099 | $785457037  |
| **Bank Loans** |  | 159197663 | 30627522 | 189825185  |
|  **Special Purpose Acquisition Companies (SPACs)** | 144834117 | 21431427 | 18305433 | 184570977  |
| **Convertible Bonds** |  | 48711114 | 4990350 | 53701464  |
| **Mortgage-Backed Securities** |  | 50615900 |  | 50615900  |
| **Asset-Backed Securities** |  | 36743724 |  | 36743724  |
| **U.S. Treasury Securities** |  | 28006571 |  | 28006571  |
| **Municipal Bonds** |  | 4506192 |  | 4506192  |
| **Preferred Stocks** | 3887908 |  |  | 3887908  |
| **Common Stocks** | 309085 | 0<sup>(3)</sup> | 996799 | 1305884  |
| **Rights** | 43680 | 86633 |  | 130313  |
| **Warrants** | 0<sup>(3)</sup> | 14649 |  | 14649  |
| **Money Market Funds** | 127006226 |  |  | 127006226  |
| **Commercial Paper** |  | 108901960 |  | 108901960  |
| **Total Investments** | $276081016 | $1242632771 | $55960203 | $1574673990  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $1300959 | $— | $1300959  |
| **Total Other Financial Instruments** | $— | $1300959 | $— | $1300959  |
| **Liabilities:**<br>|  |  |  |  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $(267827) | $— | $(267827)  |
| **Total Other Financial Instruments** | $— | $(267827) | $— | $(267827) |

---

55<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(2)</sup> Forward currency exchange contracts are included in the Schedule of Forward Currency Contracts and are reflected at the net unrealized appreciation (depreciation) on the instrument.

<sup>(3)</sup> Amount is less than $0.50 

**CrossingBridge Nordic High Income Bond Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $64748059 | $— | $64748059  |
|  **Foreign Government Debt Obligations** |  | 5601757 |  | 5601757  |
| **Bank Loans** |  |  | 1775155 | 1775155  |
| **Money Market Funds** | 10104015 |  |  | 10104015  |
| **Total Investments** | $10104015 | $70349816 | $1775155 | $82228986  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $286786 | $— | $286786  |
| **Total Other Financial Instruments** | $— | $286786 | $— | $286786  |
| **Liabilities:**<br>|  |  |  |  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $(48562) | $— | $(48562)  |
| **Total Other Financial Instruments** | $— | $(48562) | $— | $(48562) |

---

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(2)</sup> Forward currency exchange contracts are included in the Schedule of Forward Currency Contracts and are reflected at the net unrealized appreciation (depreciation) on the instrument.

**CrossingBridge Responsible Credit Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $27631692 | $154863 | $27786555  |
|  **Special Purpose Acquisition Companies (SPACs)** | 3679000 | 675377 | 1007950 | 5362327  |
| **Bank Loans** |  | 1357016 | 955548 | 2312564  |
| **Convertible Bonds** |  | 830355 | 0<sup>(3)</sup> | 830355  |
| **Preferred Stocks** | 687239 |  | 110957 | 798196  |
| **Common Stocks** | 399149 | 0<sup>(3)</sup> | 159000 | 558149  |
|  **Real Estate Investment Trusts - Preferred** | 158909 |  |  | 158909  |
| **Warrants** |  | 4302 |  | 4302  |
| **Commercial Paper** |  | 3945185 |  | 3945185  |
| **Money Market Funds** | 3139646 |  |  | 3139646  |
| **Total Investments** | $8063943 | $34443927 | $2388318 | $44896188  |

---

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $105046 | $— | $105046  |
| **Total Other Financial Instruments** | $— | $105046 | $— | $105046  |
| **Liabilities:**<br>|  |  |  |  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $(14660) | $— | $(14660)  |
| **Total Other Financial Instruments** | $— | $(14660) | $— | $(14660) |

---

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(2)</sup> Forward currency exchange contracts are included in the Schedule of Forward Currency Contracts and are reflected at the net unrealized appreciation (depreciation) on the instrument.

<sup>(3)</sup> Amount is less than $0.50 

**CrossingBridge Ultra-Short Duration ETF** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
|  **Special Purpose Acquisition Companies (SPACs)** | $6739807 | $1026799 | $1388849 | $9155455  |
| **Corporate Bonds** |  | 748411 |  | 748411  |
| **Rights** |  | 6132 |  | 6132  |
| **Warrants** |  | 4431 |  | 4431  |
| **Money Market Funds** | 988206 |  |  | 988206  |
| **Commercial Paper** |  | 349387 |  | 349387  |
| **Total Investments** | $7728013 | $2135160 | $1388849 | $11252022 |

---

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $214573577 | $— | $214573577  |
| **Bank Loans** |  | 20892514 | 12059357 | 32951871  |
|  **Special Purpose Acquisition Companies (SPACs)** | 23570065 |  | 776821 | 24346886  |
| **Mortgage-Backed Securities** |  | 22419162 |  | 22419162  |
| **Convertible Bonds** |  | 11711700 | 750550 | 12462250  |
| **Municipal Bonds** |  | 8267213 |  | 8267213  |
| **Asset-Backed Securities** |  | 7362886 |  | 7362886  |
| **U.S. Treasury Securities** |  | 6879189 |  | 6879189  |
| **Common Stocks** | 0<sup>(3)</sup> |  | 0<sup>(3)</sup> | 0<sup>(3)</sup>  |
| **Warrants** | 0<sup>(3)</sup> |  |  | 0<sup>(3)</sup>  |
| **Commercial Paper** |  | 24462707 |  | 24462707  |
| **Money Market Funds** | 21958592 |  |  | 21958592  |
| **Total Investments** | $45528657 | $316568948 | $13586728 | $375684333  |

---

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $196997 | $— | $196997  |
| **Total Other Financial Instruments** | $— | $196997 | $— | $196997  |
| **Liabilities:**<br>|  |  |  |  |
| **<u>Other Financial Instruments:</u>**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $(103) | $— | $(103)  |
| **Total Other Financial Instruments** | $— | $(103) | $— | $(103) |

---

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(2)</sup> Forward currency exchange contracts are included in the Schedule of Forward Currency Contracts and are reflected at the net unrealized appreciation (depreciation) on the instrument.

<sup>(3)</sup> Amount is less than $0.50 

**RiverPark Strategic Income Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Assets<sup>(1)</sup>:**<br>|  |  |  |  |
| **<u>Investments:</u>**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $292530350 | $16592923 | $309123273  |
| **Bank Loans** |  | 55790906 | 14549440 | 70340346  |
|  **Special Purpose Acquisition Companies (SPACs)** | 50105360 |  | 0<sup>(4)</sup> | 50105360  |
| **Common Stocks** | 15733351 | 29160 | 4148980 | 19911491  |
| **Preferred Stocks** | 10765983 |  | 1329941 | 12095924  |
| **U.S. Treasury Securities** |  | 11896646 |  | 11896646  |
| **Convertible Bonds** |  | 8990914 | 0<sup>(4)</sup> | 8990914  |
|  **Real Estate Investment Trusts - Preferred** | 2484836 |  |  | 2484836  |
| **Mortgage-Backed Securities** |  | 1914333 |  | 1914333  |
|  **Foreign Government Debt Obligations** |  | 1234199 |  | 1234199  |
| **Convertible Preferred Stocks** | 636937 |  |  | 636937  |
| **Warrants** | 0<sup>(4)</sup> | 58203 | 0<sup>(4)</sup> | 58203  |
| **Rights** |  | 21688 |  | 21688  |
| **Commercial Paper** |  | 57618468 |  | 57618468  |
| **Money Market Funds** | 37137102 |  |  | 37137102  |
| **Total Investments** | $116863569 | $430084867 | $36621284 | $583569720  |
| **Other Financial Instruments:**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $410742 | $— | $410742  |
| **Total Other Financial Instruments** | $— | $410742 | $— | $410742  |
| **Liabilities<sup>(1)</sup>:**<br>|  |  |  |  |
| **Corporate Bonds** | $— | $(5475988) | $— | $(5475988)  |
| **Exchange Traded Funds** | (2815628) |  |  | (2815628)  |
| **Written Options Contracts<sup>(3)</sup>** | (80940) | (207810) |  | (288750)  |
| **Total Short Securities** | $(2896568) | $(5683798) | $— | $(8580366)  |

---

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total**  |
| **Other Financial Instruments:**<br>|  |  |  |  |
| Forward Currency Contracts<sup>(2)</sup> | $— | $(119281) | $— | $(119281)  |
| **Total Other Financial Instruments** | $— | $(119281) | $— | $(119281) |

---

<sup>(1)</sup> Refer to the Schedule of Investments for further disaggregation of investment categories.

<sup>(2)</sup> Forward currency exchange contracts are included in the Schedule of Forward Currency Contracts and are reflected at the net unrealized appreciation (depreciation) on the instrument.

<sup>(3)</sup> Written option contracts are included in the Schedule of Written Options and are reflected at the market value of the instrument.

<sup>(4)</sup> Amount is less than $0.50. 

The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value:

**CrossingBridge Low Duration High Income Fund** 

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
|  | **Corporate** <br>**Bonds** | **Bank** <br>**Loans** | **Special** <br>**Purpose** <br>**Acquisition** <br>**Companies** | **Convertible** <br>**Bonds** | **Common** <br>**Stocks**  |
| Beginning Balance - October 1, 2025 | $8659736 | $4653268 | $— | $5178200 | $996799  |
| Purchases |  | 17478350 | 5390298 |  | 2  |
| Sales | (7253808) | (2616431) |  | (221000) | —  |
| Realized gains | 250086 |  |  |  | —  |
| Realized losses | (11282940) | (429410) |  |  | —  |
|  Accretion of discount/(amortization of premium) | 95610 | 116447 |  |  | —  |
| Change in unrealized appreciation/<br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) | 10571415 | (4038240) | 463615 | 33150 | (2)  |
| Transfer in/(out) of Level 3 |  | 15463538 | 12451520 |  | —  |
| Ending Balance - March 31, 2026 | $1040099 | $30627522 | $18305433 | $4990350 | $996799 |

---

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Corporate** <br>**Bonds** | **Bank Loans** | **Special Purpose** <br>**Acquisition** <br>**Companies** | **Convertible** <br>**Bonds** | **Common** <br>**Stocks**  |
| $4147171 | $(4038240) | &nbsp;&nbsp;&nbsp; $463615 | $33150 | &nbsp;&nbsp;&nbsp; $(2) |

---

**CrossingBridge Nordic High Income Bond Fund** 

---

| | |
|:---|:---|
|  | **Bank Loans**  |
| Beginning Balance - October 1, 2025 | $1776358  |
| Purchases | 26746  |
| Sales | —  |
| Realized gains | —  |
| Realized losses | —  |
| Accretion of discount/(amortization of premium) | 2943  |
| Change in unrealized appreciation/(depreciation) | (30892)  |
| Transfer in/(out) of Level 3 | —  |
| Ending Balance - March 31, 2026 | $1775155 |

---

59<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| |
|:---|
| **Bank Loans**  |
| $(30892) |

---

**CrossingBridge Responsible Credit Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **Corporate** <br>**Bonds** | **Special** <br>**Purpose** <br>**Acquisition** <br>**Companies** | **Bank** <br>**Loans** | **Convertible** <br>**Bonds** | **Preferred** <br>**Stocks** | **Common** <br>**Stocks**  |
|  Beginning Balance - October 1, 2025 | $99178 | $— | $783445 | $172975 | $138696 | $192000  |
| Purchases |  |  | 479663 |  |  | —  |
| Sales | (4) |  | (1376793) | (201131) |  | —  |
| Realized gains |  |  | 12451 | 16916 |  | —  |
| Realized losses | (254967) |  | (60028) |  |  | —  |
| Corporate action |  |  |  |  |  | —  |
|  Accretion of discount/(amortization of premium) |  |  | 5941 | 7054 |  | —  |
| Change in unrealized appreciation/<br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) | 310656 | 28500 | (87024) | 4186 | (27739) | (33000)  |
| Transfer in/(out) of Level 3 |  | 979450 | 1197893 |  |  | —  |
| Ending Balance - March 31, 2026 | $154863 | $1007950 | $955548 | $0 | $110957 | $159000 |

---

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| **Corporate** <br>**Bonds** | **Special Purpose** <br>**Acquisition** <br>**Companies** | **Bank Loans** | **Convertible** <br>**Bonds** | **Preferred** <br>**Stocks** | **Common** <br>**Stocks**  |
| $55685 | &nbsp;&nbsp;&nbsp;&nbsp; $28500 | $(87024) | $— | $(27739) | $(33000) |

---

**CrossingBridge Ultra-Short Duration ETF** 

---

| | |
|:---|:---|
|  | **Special** <br>**Purpose** <br>**Acquisition** <br>**Companies**  |
| Beginning Balance - October 1, 2025 | $756041  |
| Purchases | —  |
| Sales | (759789)  |
| Realized gains | 13390  |
| Realized losses | —  |
| Accretion of discount/(amortization of premium) | —  |
| Change in unrealized appreciation/(depreciation) | 29628  |
| Transfer in/(out) of Level 3 | 1349579  |
| Ending Balance - March 31, 2026 | $1388849 |

---

60<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| |
|:---|
| **Special Purpose** <br>**Acquisition Companies**  |
| $39270 |

---

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Bank Loans** | **Special**<br>**Purpose** <br>**Acquisition** <br>**Companies** | **Convertible** <br>**Bonds** | **Common** <br>**Stocks**  |
| Beginning Balance - October 1, 2025 | $— | $— | $778600 | $0  |
| Purchases | 12524250 | 772971 |  | —  |
| Sales | (464893) |  | (33000) | —  |
| Realized gains |  |  |  | —  |
| Realized losses |  |  |  | —  |
| Corporate action |  |  |  | (57889)  |
| Accretion of discount/(amortization of premium) |  |  |  | —  |
| Change in unrealized appreciation/(depreciation) |  | 3850 | 4950 | 57889  |
| Transfer in/(out) of Level 3 |  |  |  | —  |
| Ending Balance - March 31, 2026 | $12059357 | $776821 | $750550 | $0 |

---

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| | | | |
|:---|:---|:---|:---|
| **Bank Loans** | **Special Purpose** <br>**Acquisition** <br>**Companies** | **Convertible** <br>**Bonds** | **Common** <br>**Stocks**  |
| $— | &nbsp;&nbsp;&nbsp;&nbsp; $3850 | &nbsp;&nbsp; $4950 | $— |

---

**RiverPark Strategic Income Fund** 

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
|  | **Corporate** <br>**Bonds** | **Bank** <br>**Loans** | **Special** <br>**Purpose** <br>**Acquisition** <br>**Companies** | **Common** <br>**Stocks** | **Preferred** <br>**Stocks** | **Convertible** <br>**Bonds** | **Warrants**  |
|  Beginning Balance - October 1, 2025 | $2884556 | $5956183 | $— | $4146520 | $1662427 | $3562944 | $0  |
| Purchases | 15000000 | 5469019 |  | 477001 |  |  | —  |
| Sales | (1929254) | (1854524) |  |  |  | (4183690) | —  |
| Realized gains | 133747 |  |  |  |  | 57319 | —  |
| Realized losses | (2761090) | (56405) |  |  |  |  | —  |
| Corporate action |  |  |  |  |  |  | —  |
| &nbsp;&nbsp;&nbsp; Accretion of discount/<br>(amortization of premium) | 57193 | 47646 |  |  |  | 23940 | —  |
|  Change in unrealized appreciation/<br>&nbsp;&nbsp;&nbsp;&nbsp;(depreciation) | 3207771 | (1608977) | (2020) | (474541) | (332486) | 539487 | —  |
|  Transfer in/(out) of Level 3 |  | 6596498 | 2020 |  |  | 0 | —  |
|  Ending Balance - March 31, 2026 | $16592923 | $14549440 | $0 | $4148980 | $1329941 | $0 | $0 |

---

61<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

The total change in unrealized appreciation (depreciation) included in the Statement of Operations attributable to Level 3 investments still held at March 31, 2026, includes the following:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Corporate** <br>**Bonds** | **Bank Loans** | **Common** <br>**Stocks** | **Preferred** <br>**Stocks** | **Convertible** <br>**Bonds** | **Special Purpose** <br>**Acquisition** <br>**Companies** | **Warrants**  |
| $477310 | $(1608977) | $(474541) | $(332486) | $— | &nbsp;&nbsp;&nbsp;&nbsp; $(2020) | $— |

---

To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below provides a summary of the approach taken:

---

| | |
|:---|:---|
| **Type of Security** | **Examples of Input**  |
|  Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to:  |
|  | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis  |
|  Special Purpose Acquisition Companies (SPACs); SPAC founders shares | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0.  |
| Common Stock (Legended shares) | The firm applies a 25% discount to current market price for common stock with a legend attached to it. |

---

The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of March 31, 2026:

**CrossingBridge Low Duration High Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range of** <br>**Input** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Corporate Bonds | $1040099 | Market Approach | Recoverable value | 47.00% | 47.00% | Increase  |
| Bank Loans | $30627522 | Market Approach | Transaction price | $17.40-100 | $88.75 | Increase  |
|  |  |  | Recoverable value | 100% | 100% | Increase  |
| Special Purpose Acquisition Companies | $18305433 | Market Approach | Estimated Trust Value | $10.61 | $10.61 | Increase  |
|  |  |  | Recoverable value | $0 | $0 | Increase  |
| Convertible Bonds | $4990350 | Market Approach | Recoverable value | $0-85 | $85 | Increase  |
| Common Stocks | $996799 | Market Approach | Enterprise Value | $1.18 | $1.18 | Increase  |
|  |  |  | Discount | 15-100% | 15.00% | Decrease  |
|  |  |  | Recoverable value | $0 | $0 | Increase |

---

**CrossingBridge Nordic High Income Bond Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Bank Loans | $1775155 | Market Approach | Transaction price | EUR 100 | EUR 100 | Increase |

---

62<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

**CrossingBridge Responsible Credit Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Corporate Bonds | $154863 | Market Approach | Recoverable value | 47% | 47% | Increase  |
|  Special Purpose Acquisition Companies | $1007950 | Market Approach | Estimated Trust Value <br>| $10.61<br>| $10.61<br>| Increase  |
| Bank Loans | $955548 | Market Approach | Enterprise value<br>| $175.20 (in millions)<br>| $175.20 (in millions)<br>| Increase  |
|  |  |  | Par<br>| $100 | $100 | Increase  |
|  |  |  | Transaction price | $17.40-100 | $86.63 | Increase  |
| Convertible Bonds | $0 | Market Approach | Recoverable value | $0 | $0 | Increase  |
| Preferred Stocks | $110957 | Market Approach | Enterprise value | $175.20 (in millions) | $175.20 (in millions) | Increase  |
|  |  |  | Recoverable value | 0-40% | 40% | Increase  |
| Common Stocks | $159000 | Market Approach | Broker quote | $53000 | $53000 | Increase  |
|  |  |  | Enterprise value | $175.20 (in millions) | $175.20 (in millions) | Increase  |
|  |  |  | Recoverable value | $0 | $0 | Increase |

---

**CrossingBridge Ultra-Short Duration ETF** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Special Purpose Acquisition Companies | $1388849 | Market Approach | Estimated Trust Value | $10.61 | $10.61 | Increase |

---

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Bank Loans | $12059357 | Market Approach | Transaction Price | $100 | $100 | Increase  |
| Special Purpose Acquisition Companies | $776821 | Market Approach | Estimated Trust Value | $10.68 | $10.68 | Increase  |
| Convertible Bonds | $750550 | Market Approach | Recoverable value | $85 | $85 | Increase  |
| Common Stocks | $0 | Market Approach | Discount | 100% | 100% | Decrease |

---

**RiverPark Strategic Income Fund** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range of** <br>**Input** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Corporate Bonds | $16592923 | Market Approach | Broker quote | $92 | $92 | Increase  |
|  |  |  | Recoverable value | 47% | 47% | Increase  |
| Bank Loans | $14549440 | Market Approach | Enterprise value | $175.20 (in millions) | $175.20 (in millions) | Increase  |
|  |  |  | Par | $100 | $100 | Increase  |
|  |  |  | Transaction price | EUR 100 | EUR 100 | Increase  |
|  |  |  | Transaction price | $17.40-100 | $87.17 | Increase  |
|  Special Purpose Acquisition Companies | $0 | Market Approach | Recoverable value | $0 | $0 | Increase  |

---

63<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **Descriptions** | **Fair Value** <br>**March 31,** <br>**2026** | **Valuation** <br>**Techniques** | **Unobservable** <br>**Input** | **Range of** <br>**Input** | **Weighted** <br>**Average** <br>**Unobservable** <br>**Input** | **Impact to** <br>**Valuation** <br>**from an** <br>**Increase in** <br>**Input**  |
| Common Stocks | $4148980 | Market Approach | Broker quote | $53000 | $53000 | Increase  |
|  |  |  | Enterprise Value | $1.18 | $1.18 | Increase  |
|  |  |  | Enterprise Value | $175.20 (in millions) | $175.20 (in millions) | Increase  |
|  |  |  | Discount | 15-100% | 15.00% | Decrease  |
|  |  |  | Recoverable value | $0 | $0 | Increase  |
| Preferred Stocks | $1329941 | Market Approach | Enterprise value | $175.20 (in millions) | $175.20 (in millions) | Increase  |
|  |  |  | Recoverable value | 0-40% | 40% | Increase  |
| Convertible Bonds | $0 | Market Approach | Recoverable value | $0 | $0 | Increase  |
| Warrants | $0 | Market Approach | Recoverable value | $0 | $0 | Increase |

---

&nbsp;&nbsp;&nbsp;&nbsp;(b) *Foreign Securities and Currency Transactions*. Investment securities and other assets and liabilities denominated in foreign currencies are translated
 into U.S. dollar amounts at the date of valuation. Purchases and sales of investment securities and income and expense items denominated
 in foreign currencies are translated into U.S. dollar amounts on the respective dates of such transactions.

The Funds do not isolate the portion of the results of operations from changes in foreign exchange rates on investments from the fluctuations arising from changes in market prices of securities held. Realized foreign exchange gains or losses arising from sales of portfolio securities and sales and maturities of short-term securities are reported within realized gain (loss) on investments. Net unrealized foreign exchange gains and losses arising from changes in the values of investments in securities from fluctuations in exchange rates are reported within unrealized gain (loss) on investments.

Investments in foreign securities entail certain risks. There may be a possibility of nationalization or expropriation of assets, confiscatory taxation, political or financial instability, and diplomatic developments that could affect the value of a Fund's investments in certain foreign countries. Since foreign securities normally are denominated and traded in foreign currencies, the value of a Fund's assets may be affected favorably or unfavorably by currency exchange rates, currency exchange control regulations, foreign withholding taxes, and restrictions or prohibitions on the repatriation of foreign currencies. There may be less information publicly available about a foreign issuer than about a U.S. issuer, and foreign issuers are not generally subject to accounting, auditing, and financial reporting standards and practices comparable to those in the United States. The securities of some foreign issuers are less liquid and at times more volatile than securities of comparable U.S. issuers.

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

As of and during the year ended September 30, 2025, the Funds did not have liabilities for any unrecognized tax benefits. The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the fiscal year ended September 30, 2025, the Funds did not incur any interest or penalties. The Funds are subject to examination by U.S. taxing authorities for the tax periods of the lesser of three years or since the commencement of operations.

&nbsp;&nbsp;&nbsp;&nbsp;(d) *Distributions to Shareholders*. In general, the Mutual Funds will distribute any net investment income monthly, and any net realized capital gains
 at least annually. The ETF will distribute any net investment income annually and any net realized capital gains at least annually. The
 Funds may make additional distributions if deemed to be desirable during the year. 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.

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Treatment of income and capital gain distributions for federal income tax purposes may differ from GAAP, primarily due to timing differences in the recognition of income and gains and losses by the Funds. To the extent that these differences are attributable to permanent book and tax accounting differences, they are reclassified in the components of net assets.

&nbsp;&nbsp;&nbsp;&nbsp;(e) *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 income and expenses during the reporting period. Actual results could differ from those estimates.

&nbsp;&nbsp;&nbsp;&nbsp;(f) *Share Valuation*.
 The NAV per share of a 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 for the Fund, rounded to the nearest
 cent. The Funds' shares will not be priced on the days on which the NYSE is closed for trading.

&nbsp;&nbsp;&nbsp;&nbsp;(g) *Allocation of Income, Expenses and Gains/Losses*. Income, expenses (other than those deemed attributable to a specific share class), and gains
 and losses of a Fund are allocated daily to each class of shares based upon the ratio of net assets represented by each class as a percentage
 of the net assets of the Fund. Expenses deemed directly attributable to a class of shares are recorded by the specific class. Most Fund
 expenses are allocated by class based on relative net assets. Rule 12b-1 fees are expensed at up to 0.25% of average daily net assets
 of the Retail Class shares of the RiverPark Strategic Income Fund. Shareholder servicing fees can be expensed up to 0.15% of average
 daily net assets of each Mutual Fund's Institutional Class shares and for the Retail Class shares of the RiverPark Strategic
 Income Fund. Expenses associated with a specific fund in the Trust are charged to that fund. Common Trust expenses are typically allocated
 evenly between the Mutual Funds of the Trust, or by other equitable means.

&nbsp;&nbsp;&nbsp;&nbsp;(h) *Other*.
 Investment transactions are recorded on the trade date. The Funds determine the gain or loss from investment transactions using the specific
 identification method for the best tax relief order by comparing the original cost of the security lot sold with the net sale proceeds.
 Interest income is recognized on an accrual basis. Withholding taxes on foreign interest, net of any reclaims, have been provided for
 in accordance with the Funds' understanding of the applicable country's tax rules and rates. Any discount or premium on securities
 purchased are accreted or amortized over the expected life of the respective securities using the constant yield method.

&nbsp;&nbsp;&nbsp;&nbsp;(i) *Loan Participation*.
 When purchasing participation interests in a loan, a Fund generally has no right to enforce compliance with the terms of the loan agreement
 with the borrower. As a result, a Fund may be subject to the credit risk of both the borrower and the lender that is selling the loan
 agreement. A Fund may enter into unfunded loan commitments, which are contractual obligations for future funding. Unfunded loan commitments
 represent a future obligation in full, even though a percentage of the notional loan amounts may not be utilized by the borrower. When
 investing in a loan participation agreement, a Fund has the right to receive payments of principal, interest and any fees to which it
 is entitled only from the lender selling the loan agreement and only upon receipt of payments by the lender from the borrower. A Fund
 may receive a commitment fee based on the undrawn portion of the underlying line of credit portion of a floating rate loan. In certain
 circumstances, a Fund may receive a penalty fee upon the prepayment of a floating rate loan by a borrower. Fees earned are recorded as
 a component of interest income or interest expense, respectively, on the Statements of Operations.

&nbsp;&nbsp;&nbsp;&nbsp;(j) *Derivatives*.
 The Funds may utilize derivative instruments such as options, swaps, futures, forward contracts and other instruments with similar characteristics
 to the extent that they are consistent with the Funds' investment objectives and limitations. Derivatives are generally used to
 reduce exposure to, or "hedge" against, market volatilities and other risks. The Funds may also use a derivative rather than
 investing directly in an underlying asset class as a low-cost, effective means to gain exposure to such asset class. The use of

65<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

derivatives may involve additional investment risks, including counterparty credit risk, i.e., the risk that a Fund may experience delay in obtaining financial recovery in the event a counterparty experiences financial difficulty. To mitigate this risk, the Adviser will seek to effect derivative transactions with only counterparties that they believe are creditworthy.

The Funds have adopted authoritative standards regarding disclosure about derivatives and hedging activities and how they affect the Funds' Statements of Assets and Liabilities and Statements of Operations. For the six months ended March 31, 2026, the monthly average quantity and notional value of derivatives are described below:

**CrossingBridge Low Duration High Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 4 | $240833548  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp; 60372 | 5794 |

---

**CrossingBridge Nordic High Income Bond Fund** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | $54023592 |

---

**CrossingBridge Responsible Credit Fund** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4 | $14698501  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1434 | 40641 |

---

**CrossingBridge Ultra-Short Duration ETF** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp; 19444 | &nbsp;&nbsp;&nbsp;&nbsp; $3805 |

---

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3 | $20361665  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5553 | 0 |

---

**RiverPark Strategic Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Monthly Average** <br>**Contracts** | **Monthly Average** <br>**Notional Value**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp; 6 | $101084148  |
| Purchased Options | &nbsp;&nbsp;&nbsp;&nbsp; 55 | 4057  |
| Written Options | &nbsp;&nbsp;&nbsp;&nbsp; 1471 | 341496  |
| Warrants | &nbsp;&nbsp;&nbsp;&nbsp; 585863 | 688763 |

---

66<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

**Statement of Assets and Liabilities** 

Fair value of derivative instruments as of March 31, 2026 are described below:

**CrossingBridge Low Duration High Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized appreciation of open forward <br>currency exchange contracts | $1300959  |
| Warrants | Investments, at value | 14649 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability Derivatives**  | **Liability Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized depreciation of open forward <br>currency exchange contracts | $267827 |

---

**CrossingBridge Nordic High Income Bond Fund** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized appreciation of open forward <br>currency exchange contracts | $286786 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability Derivatives**  | **Liability Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized depreciation of open forward <br>currency exchange contracts | $48562 |

---

**CrossingBridge Responsible Credit Fund** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized appreciation of open forward <br>currency exchange contracts | $105046  |
| Warrants | Investments, at value | 4302 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability Derivatives**  | **Liability Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized depreciation of open forward <br>currency exchange contracts | $14660 |

---

**CrossingBridge Ultra-Short Duration ETF** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Warrants | Investments, at value | $4431 |

---

67<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized appreciation of open forward <br>currency exchange contracts | $196997  |
| Warrants | Investments, at value | 0 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability Derivatives**  | **Liability Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized depreciation of open forward <br>currency exchange contracts | &nbsp;&nbsp;&nbsp; $103 |

---

**RiverPark Strategic Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Asset Derivatives**  | **Asset Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized appreciation of open forward <br>currency exchange contracts | $410742  |
| Options Contracts | Purchased options, at value | —  |
| Warrants | Investments, at value | 58203 |

---

---

| | | |
|:---|:---|:---|
|  | **Liability Derivatives**  | **Liability Derivatives**  |
|  | **Statement of Assets and** <br>**Liabilities Location** | **Fair Value**  |
| Forward Currency Contracts | Unrealized depreciation of open forward <br>currency exchange contracts | $119281  |
| Options Contracts | Written option contracts, at value | 288750 |

---

**Statement of Operations** 

The effect of derivative instruments on the Statement of Operations for the six months ended March 31, 2026 are described below:

**CrossingBridge Low Duration High Income Fund** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $5222956  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7964 |

---

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $880126  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1063) |

---

68<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

**CrossingBridge Nordic High Income Bond Fund** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $534290 |

---

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $95042 |

---

**CrossingBridge Responsible Credit Fund** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $286873  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $57105  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (8604) |

---

**CrossingBridge Ultra-Short Duration ETF** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $1609 |

---

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(618) |

---

**CrossingBridge Ultra-Short Duration Fund** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $(47973)  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; — |

---

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $21921  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(37) |

---

**RiverPark Strategic Income Fund** 

---

| | |
|:---|:---|
|  | **Amount of Realized Gain (Loss) on** <br>**Derivatives**  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $2401701  |
| Purchased Options Contracts\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (14523)  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; —  |
| Written Options Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 299993 |

---

69<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

---

| | |
|:---|:---|
|  | **Change in Unrealized Appreciation** <br>(Depreciation) on Derivatives  |
| Forward Currency Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; $274979  |
| Purchased Options Contracts\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2697)  |
| Warrants\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (118569)  |
| Written Options Contracts | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314079 |

---

\* Warrants and purchased options are included in the realized gain (loss) on investments and change in unrealized appreciation (depreciation) on investments, as applicable.

&nbsp;&nbsp;&nbsp;&nbsp;(k) *Indemnifications*.
 Under the Trust's organizational documents, its Officers and Trustees are indemnified against certain liabilities arising out of
 the performance of their duties to the Funds. In addition, in the normal course of business, the Funds enter into contracts that provide
 general indemnifications to other parties. A Fund's maximum exposure under these arrangements is unknown as this would involve future
 claims that may be made against the Funds that have not yet occurred. However, the Funds have not had prior claims or losses pursuant
 to these contracts and expect the risk of loss to be remote.

&nbsp;&nbsp;&nbsp;&nbsp;(l) *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 Chief Investment Officer and Chief Financial Officer of the Adviser, who serve as the chief operating decision makers, using the
 information presented in the financial statements and financial highlights.

&nbsp;&nbsp;&nbsp;&nbsp;(3) **FEDERAL TAX MATTERS** 

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

**CrossingBridge Low Duration High Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024**  |
| Ordinary Income | $79845416 | $57352230  |
| Long Term Capital Gains |  | —  |
| Total Distributions Paid | $79845416 | $57352230 |

---

**CrossingBridge Nordic High Income Bond Fund** 

---

| | |
|:---|:---|
|  | **Year Ended** <br>**September 30,** <br>**2025**  |
| Ordinary Income | $2673029  |
| Long Term Capital Gains | —  |
| Total Distributions Paid | $2673029 |

---

**CrossingBridge Responsible Credit Fund** 

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024**  |
| Ordinary Income | $3657853 | $2712068  |
| Long Term Capital Gains |  | —  |
| Total Distributions Paid | $3657853 | $2712068 |

---

70<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

**CrossingBridge Ultra-Short Duration ETF** 

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024**  |
| Ordinary Income | $2782005 | $3538800  |
| Long Term Capital Gains | 723237 | 18331  |
| Total Distributions Paid | $3505242 | $3557131 |

---

**CrossingBridge Ultra-Short Duration Fund** 

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024**  |
| Ordinary Income | $12228136 | $6681815  |
| Long Term Capital Gains |  | —  |
| Total Distributions Paid | $12228136 | $6681815 |

---

**RiverPark Strategic Income Fund** 

---

| | | |
|:---|:---|:---|
|  | **Year Ended September 30,**  | **Year Ended September 30,**  |
|  | **2025** | **2024**  |
| Ordinary Income | $41382523 | $32445159  |
| Long Term Capital Gains |  | —  |
| Total Distributions Paid | $41382523 | $32445159 |

---

The Funds designated as long-term capital gain dividend, pursuant to Internal Revenue Code Section 852(b)(3), the amount necessary to reduce the earnings and profits of the Funds related to net capital gain to zero for the tax year ended September 30, 2025.

As of September 30, 2025, the components of distributable earnings and cost of investments on a tax basis were as follows:

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
|  | **CrossingBridge** <br>**Low Duration** <br>**High Income Fund** | **CrossingBridge** <br>**Nordic High** <br>**Income** <br>**Bond Fund**  | **CrossingBridge** <br>**Responsible** <br>**Credit Fund** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration ETF** | **CrossingBridge** <br>**Ultra-Short** <br>**Duration Fund** | **River Park** <br>**Strategic** <br>**Income Fund** |
|  Cost basis of investments for federal income tax purposes | $1604506287 | $62120206  | $48950085 | $18377644 | $331106272 | $613853775 |
| Gross tax unrealized appreciation | 33531454 | 3509286  | 2017513 | 470568 | 2856102 | 23265779 |
| Gross tax unrealized depreciation | (31185310) | (377995)  | (2285818) | (397957) | (1915696) | (20890402) |
|  Total net tax unrealized appreciation (depreciation) on investments | 2346144 | 3131291  | (268305) | 72611 | 940406 | 2375377 |
| Undistributed ordinary income | 3972865 | 1035142  | 144955 | 2289217 | 30922 | 5432784 |
| Undistributed long-term capital gain |  | —  |  | 224634 |  |  |
| Total distributable earnings | 3972865 | 1035142  | 144955 | 2513851 | 30922 | 5432784 |
| Other accumulated earnings (losses) | (27314793) | (3572719)  | (2295890) |  | (743600) | (87017408) |
| Total accumulated earnings (losses) | $(20995784) | $593714 | $(2419240) | $2586462 | $227728 | $(79209247) |

---

Investments for federal income tax purposes in the above table include derivatives. The difference between book-basis and tax-basis unrealized appreciation (depreciation) is attributable primarily to the tax deferral of losses on wash sale adjustments, partnerships and forward currency contracts mark to market, significant modifications of debt, and tax treatment of passive foreign investment companies.

71<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

At September 30, 2025, the Funds had the following capital loss carryovers which will be carried forward indefinitely to offset future realized capital gains:

---

| | | |
|:---|:---|:---|
|  | **Short-Term** | **Long-Term**  |
| CrossingBridge Low Duration High Income Fund  | $5451877 | $20900970  |
| CrossingBridge Nordic High Income Bond Fund  | 1285908 | 2283964  |
| CrossingBridge Responsible Credit Fund  | 524639 | 1726650  |
| CrossingBridge Ultra-Short Duration ETF  |  | —  |
| CrossingBridge Ultra-Short Duration Fund  |  | 519137  |
| RiverPark Strategic Income Fund  | 7958806 | 78702009 |

---

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 net asset value per share. For the year ended September 30, 2025, the following reclassifications were made on the Statements of Asset and Liabilities due to permanent tax differences related to redemptions in kind and non-deductible excise tax:

---

| | | |
|:---|:---|:---|
|  | **Paid-in Capital** | **Total**<br>**Distributable** <br>**Earnings**  |
| CrossingBridge Low Duration High Income Fund  | &nbsp;&nbsp;&nbsp; $(1) | &nbsp;&nbsp; $1  |
| CrossingBridge Nordic High Income Bond Fund  | &nbsp;&nbsp;&nbsp; $(403) | &nbsp;&nbsp; $403  |
| CrossingBridge Responsible Credit Fund  | &nbsp;&nbsp;&nbsp; $56003 | &nbsp;&nbsp; $(56003)  |
| CrossingBridge Ultra-Short Duration ETF  | &nbsp;&nbsp;&nbsp; $31667 | &nbsp;&nbsp; $(31667)  |
| CrossingBridge Ultra-Short Duration Fund  | &nbsp;&nbsp;&nbsp; $— | &nbsp;&nbsp; $—  |
| RiverPark Strategic Income Fund  | &nbsp;&nbsp;&nbsp; $79348 | &nbsp;&nbsp; $(79348) |

---

&nbsp;&nbsp;&nbsp;&nbsp;(4) **INVESTMENT ADVISORY FEE AND OTHER TRANSACTIONS WITH AFFILIATES** 

The Trust has an investment advisory agreement with the Adviser to furnish investment advisory services to the Mutual Funds. Under the terms of this agreement, the Trust, on behalf of the Mutual Funds, compensates the Adviser for its investment advisory services at the annual rate of 0.65% of each Mutual Fund's respective average daily net assets.

In addition, pursuant to a separate investment advisory agreement between the Trust, on behalf of the ETF, and the Adviser (the "ETF Agreement"), the Adviser is responsible for managing the ETF in accordance with its investment objectives. For the services it provides the ETF, the ETF pays the Adviser a unitary management fee, which is calculated daily and paid monthly, at an annual rate of 0.80% of the ETF's average daily net assets. Under this agreement, the Adviser has agreed to pay all expenses of the ETF except interest charges on any borrowings, dividends, and other expenses on securities sold short, taxes, brokerage commissions and other expenses incurred in placing orders for the purchase and sale of securities and other investment instruments, acquired fund fees and expenses, accrued deferred tax liability, extraordinary expenses, distribution fees and expenses paid by the ETF under any distribution plan adopted pursuant to Rule 12b-1 under the 1940 Act, and the unitary management fee payable to the Adviser.

With respect to the CrossingBridge Low Duration High Income Fund, CrossingBridge Responsible Credit Fund, CrossingBridge Ultra-Short Duration Fund, CrossingBridge Nordic High Income Bond Fund, and RiverPark Strategic Income Fund, the Adviser has contractually agreed to waive its management fee and/or reimburse a Fund's other expenses at least through January 31, 2027 to the extent necessary to ensure that a Fund's total operating expenses (exclusive of front-end or contingent deferred sales loads, distribution (12b-1) fees, shareholder servicing plan fees, taxes, leverage (i.e., any expense incurred in connection with borrowings made by a Fund), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, dividends or interest expenses on short positions, acquired fund fees and expenses and extraordinary items) (the "Expense Limitation Cap") does not exceed 0.80% of the respective average daily net assets of the CrossingBridge Low Duration High Income Fund, CrossingBridge Ultra-Short Duration Fund and CrossingBridge Responsible Credit Fund, 0.82% of the average daily net assets of the RiverPark Strategic Income Fund, or 0.85% of the average daily net assets of the CrossingBridge Nordic High Income Bond Fund.

72<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

Any such waiver or reimbursement is subject to later adjustment to allow the Adviser to recoup amounts waived or reimbursed within three years from the date such amount was waived or reimbursed, subject to the operating expense limitation agreement, if such reimbursement will not cause a Mutual Fund's expense ratio, after recoupment has been taken into account, to exceed the lesser of: (1) the Expense Limitation Cap in place at the time of the waiver and/or expense payment; or (2) the Expense Limitation Cap in place at the time of the recoupment. The following table shows the remaining waiver or reimbursed expenses for the Mutual Funds subject to potential recovery expiring:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Expiring:** | **Expiring:** | **Expiring:** | **Expiring:** |
|  | **9/30/2026** | **9/30/2027** | **9/30/2028** | **3/31/2029**  |
| CrossingBridge Low Duration High Income Fund  | $— | $— | $— | $—  |
| CrossingBridge Nordic High Income Bond Fund |  |  | 169479 | 48067  |
| CrossingBridge Responsible Credit Fund  | 100170 | 204309 | 151489 | 88189  |
| CrossingBridge Ultra-Short Duration Fund | 63371 | 99966 | 5902 | —  |
| RiverPark Strategic Income Fund |  |  |  |  |

---

Previously waived expenses or reimbursements were recouped by the Adviser in the CrossingBridge Ultra-Short Duration Fund of $54,606.

U.S. Bancorp Fund Services, LLC, doing business as U.S. Bank Global Fund Services ("Fund Services" or "Administrator"), acts as the Funds' Administrator under a Fund Servicing Agreement for the ETF and a Fund Administration Servicing Agreement for the Mutual Funds. 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 accountants; coordinates the preparation and payment of the Funds' expenses and reviews the Funds' expense accruals. Fund Services also serves as the transfer agent to the Funds and provides Pricing Services to the Funds. U.S. Bank, N.A. ("U.S. Bank"), an affiliate of Fund Services, serves as the Funds' custodian. Fees incurred for the six months ended March 31, 2026, and owed as of March 31, 2026, are included in the Statements of Operations and Statements of Assets and Liabilities.

Under the terms of the ETF Agreement and the Fund Servicing Agreement, the Adviser pays the Fund Administration and Accounting, Transfer Agency and Custody fees for the ETF.

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

The Trust's Chief Compliance Officer is also an employee of Fund Services. The Mutual Funds' allocation of the Trust's Chief Compliance Officer fees incurred for the six months ended March 31, 2026, and owed as of March 31, 2026, are included in the Statements of Operations and Statements of Assets and Liabilities.

Under the terms of the ETF Agreement and the Fund Servicing Agreement, the Adviser pays the Chief Compliance Officer fees for the ETF.

The Mutual Funds also have a line of credit with U.S. Bank (See Note 9).

&nbsp;&nbsp;&nbsp;&nbsp;(5) **DISTRIBUTION AND SHAREHOLDER SERVICING PLANS** 

The Trust has adopted a plan pursuant to Rule 12b-1 under the 1940 Act (the "12b-1 Plan"), on behalf of the CrossingBridge Low Duration High Income Fund and the RiverPark Strategic Income Fund, which authorizes each Fund to pay Quasar Distributors, LLC (the "Distributor") a distribution fee of up to 0.25% of the Fund's average daily net assets of each Fund's Retail Class Shares for services to prospective Fund shareholders and distribution of Fund shares. The following table details the fees incurred by the CrossingBridge Low Duration High Income Fund and the RiverPark Strategic Income Fund pursuant to the 12b-1 Plan during the six months ended March 31, 2026, as well as the fees owed as of March 31, 2026.

---

| | | |
|:---|:---|:---|
|  | **Fees incurred** | **Fees owed**  |
| CrossingBridge Low Duration High Income Fund  | &nbsp;&nbsp; $7381 | $553  |
| RiverPark Strategic Income Fund  | &nbsp;&nbsp; 68860  | 27615 |

---

73<br>

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**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

The Mutual Funds have adopted a Shareholder Servicing Plan to pay for shareholder support services from the applicable Fund's assets pursuant to a shareholder servicing agreement in an amount not to exceed 0.15% of the applicable Fund's average daily net assets. Each Mutual Fund is responsible for paying a portion of shareholder servicing fees to each of the shareholder servicing agents who have written shareholder servicing agreements with the Fund, and perform shareholder servicing functions and maintenance of shareholder accounts on behalf of shareholders. The following table details the fees incurred by the Mutual Funds pursuant to the Shareholder Servicing Plan during the six months ended March 31, 2026, as well as the fees owed as of March 31, 2026.

---

| | | |
|:---|:---|:---|
|  | **Fees incurred** | **Fees owed**  |
| CrossingBridge Low Duration High Income Fund  | &nbsp;&nbsp; $831279 | $102611  |
| CrossingBridge Nordic High Income Bond Fund  | &nbsp;&nbsp; 36530 | 5413  |
| CrossingBridge Responsible Credit Fund  | &nbsp;&nbsp; 12589 | 9183  |
| CrossingBridge Ultra-Short Duration Fund  | &nbsp;&nbsp; 246117 | 58968  |
| RiverPark Strategic Income Fund  | &nbsp;&nbsp; 423679 | 94745 |

---

&nbsp;&nbsp;&nbsp;&nbsp;(6) **CREATION AND REDEMPTION TRANSACTIONS** 

Shares of the CrossingBridge Ultra-Short Duration ETF are listed and traded on the NASDAQ Stock Market, LLC (the "Exchange"). The ETF issues and redeems shares on a continuous basis at NAV only in large blocks of shares called "Creation Units." The Fund generally offers and issues Shares in exchange for the deposit of cash totaling the NAV of the Creation Units. Shares generally will trade in the secondary market in amounts less than a Creation Unit at market prices that change throughout the day. Market prices for the Shares may be different from their NAV. The NAV is determined as of the close of trading (generally, 4:00 p.m. Eastern Time) on each day the NYSE is open for trading. The NAV of the Shares will be equal to the ETF's total assets minus the ETF's total liabilities divided by the total number of shares outstanding. The NAV that is published will be rounded to the nearest cent; however, for purposes of determining the price of Creation Units, the NAV will be calculated to five decimal places.

Only "Authorized Participants" may purchase or redeem shares directly from the ETF. An Authorized Participant is either (i) a broker-dealer or other participant in the clearing process through the Continuous Net Settlement System of National Securities Clearing Corporation or (ii) a DTC participant and, in each case, must have executed a Participant Agreement with the Distributor. Most retail investors will not qualify as Authorized Participants or have the resources to buy and sell whole Creation Units. Therefore, they will be unable to purchase or redeem the shares directly from the ETF. Rather, most retail investors will purchase shares in the secondary market with the assistance of a broker and will be subject to customary brokerage commissions or fees. Securities received or delivered in connection with in-kind creates and redeems are valued as of the close of business on the effective date of the creation or redemption.

**Creation Unit Transaction Fee – Authorized Participants will be required to pay to the Custodian a fixed transaction fee (the "Creation Transaction Fee") in connection with the issuance of Creation Units. The standard Creation Transaction Fee will be the same regardless of the number of Creation Units purchased by an investor on the applicable Business Day. The Creation Transaction Fee for the ETF is $300.** 

An additional variable fee of up to a maximum of 2% of the value of the Creation Units subject to the transaction may be imposed for cash purchases, nonstandard orders, or partial purchase of Creation Units. For orders comprised entirely of cash, a variable fee of 0.03% of the value of the order will be charged by the ETF. The variable charge is primarily designed to cover additional costs (e.g., brokerage, taxes) involved with buying the securities with cash. The ETF may determine to not charge a variable fee on certain orders when the Adviser has determined that doing so is in the best interests of ETF shareholders.

A creation unit will generally not be issued until the transfer of good title of the deposit securities to the ETF and the payment of any cash amounts have been completed. To the extent contemplated by the applicable participant agreement, Creation Units of the ETF will be issued to such authorized participant notwithstanding the fact that the ETF's deposits have not been received in part or in whole, in reliance on the undertaking of the authorized participant to deliver the missing deposit securities as soon as possible. If the ETF or its agents do not receive all of the deposit securities, or the required cash amounts, by such time, then the order may be deemed rejected and the authorized participant shall be liable to the ETF for losses, if any.

74<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;(7) **INVESTMENT TRANSACTIONS** 

The aggregate purchases and sales of securities, excluding short-term investments and U.S. government securities, for the six months ended March 31, 2026 are summarized below:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales**  |
| CrossingBridge Low Duration High Income Fund  | $462369054 | $607660523  |
| CrossingBridge Nordic High Income Bond Fund  | 26334513 | 11127310  |
| CrossingBridge Responsible Credit Fund  | 15553923 | 23053042  |
| CrossingBridge Ultra-Short Duration ETF  | 26361446 | 35748086  |
| CrossingBridge Ultra-Short Duration Fund | 113509588 | 114937381  |
| RiverPark Strategic Income Fund  | 223436343 | 313582208 |

---

The above purchases and sales exclude any in-kind transactions associated with creations and redemptions. During the six months ended March 31, 2026, the CrossingBridge Ultra-Short Duration ETF had $0 of creations in-kind and $0 of redemptions in-kind.

Long-term purchases or sales of U.S. government securities for the six months ended March 31, 2026, are summarized below:

---

| | | |
|:---|:---|:---|
|  | **Purchases** | **Sales**  |
| CrossingBridge Low Duration High Income Fund  | $28118010 | $—  |
| CrossingBridge Nordic High Income Bond Fund  |  | —  |
| CrossingBridge Responsible Credit Fund  |  | —  |
| CrossingBridge Ultra-Short Duration ETF  |  | —  |
| CrossingBridge Ultra-Short Duration Fund | 6906562 | —  |
| RiverPark Strategic Income Fund  | 12213241 |  |

---

&nbsp;&nbsp;&nbsp;&nbsp;(8) **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 the fund, under Section 2(a)(9) of the 1940 Act. At March 31, 2026, Charles Schwab & Co., Inc., for the benefit of its customers, held 63.41% of the CrossingBridge Low Duration High Income Fund, 69.26% of the CrossingBridge Nordic High Income Bond Fund, 73.81% of the CrossingBridge Responsible Credit Fund, 54.26% of the CrossingBridge Ultra-Short Duration ETF, and 53.79% of the RiverPark Strategic Income Fund. National Financial Services LLC, for the benefit of its customers, held 25.26% of the CrossingBridge Low Duration High Income Fund, 65.94% of the CrossingBridge Ultra-Short Duration Fund, and 38.51% of the RiverPark Strategic Income Fund at March 31, 2026.

&nbsp;&nbsp;&nbsp;&nbsp;(9) **LINE OF CREDIT** 

The CrossingBridge Low Duration High Income Fund, CrossingBridge Nordic High Income Bond Fund, CrossingBridge Responsible Credit Fund, CrossingBridge Ultra-Short Duration Fund, and RiverPark Strategic Income Fund, ("Borrowing Funds") and U.S. Bank, N.A. have entered into an umbrella line of credit agreement which matures on August 1, 2026. This unsecured line of credit agreement is intended to provide short-term financing, if necessary, subject to certain restrictions, in connection with shareholder redemptions from the Borrowing Funds. The maximum borrowing can not exceed 20% of the total market value of the Borrowing Fund or 33.33% of the net market value of a Borrowing Fund's unencumbered assets. Interest on amounts borrowed under the line of credit will be accrued at the prime rate, which was 6.75% as of March 31, 2026. The CrossingBridge Low Duration High Income Fund, CrossingBridge Nordic High Income Bond Fund, CrossingBridge Responsible Credit Fund, CrossingBridge Ultra-Short Duration Fund, and RiverPark Strategic Income Fund, did not draw on the line of credit during the six months ended March 31, 2026.

75<br>

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

**CROSSINGBRIDGE FUNDS** 

**NOTES TO FINANCIAL STATEMENTS** 

**March 31, 2026 (Unaudited)(Continued)** 

&nbsp;&nbsp;&nbsp;&nbsp;(10) **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 Funds have adopted ASU 2023-09, with no material impact on the Funds' financial statements.

&nbsp;&nbsp;&nbsp;&nbsp;(11) **SUBSEQUENT EVENTS** 

In preparing these financial statements, the Funds have evaluated events and transactions for potential recognition or disclosure through the date the financial statements were issued.

On April 28, 2026, the CrossingBridge Low Duration High Income Fund, CrossingBridge Nordic High Income Bond Fund, CrossingBridge Responsible Credit Fund, CrossingBridge Ultra-Short Duration Fund, and RiverPark Strategic Income Fund, declared and paid an income distribution of $7,615,663, $757,738, $230,708, $1,254,933 and $3,048,728 respectively, to their Institutional Class shareholders of record on April 27, 2026. The CrossingBridge Low Duration High Income Fund and the RiverPark Strategic Income Fund also made a distribution to their Retail Class shareholders on these same dates for $16,845 and $296,125, respectively.

&nbsp;&nbsp;&nbsp;&nbsp;(12) **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, 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.

76<br>

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

**CROSSINGBRIDGE FUNDS** 

**ADDITIONAL INFORMATION (Unaudited)** 

**The below information is required disclosure for Form N-CSR** 

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

There were no changes in or disagreements with accountants during the period covered by this report.

**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.** 

Remuneration paid by the Mutual Funds is disclosed within the financial statements. For the ETF, expenses, including Trustee compensation, are paid by the Adviser pursuant to the ETF Agreement. Additional information is available in each Fund's Statement of Additional Information.

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

Not applicable.

77<br>

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

**CROSSINGBRIDGE FUNDS** 

**TAX INFORMATION (Unaudited)** 

For the fiscal year or period ended September 30, 2025, the percentage of taxable ordinary income distributions that are designated as short-term capital gain distributions under Internal Revenue Section 871(k)(2)(C) for each Fund were as follows:

---

| | |
|:---|:---|
| CrossingBridge Low Duration High Income Fund | 0.00%  |
| CrossingBridge Nordic High Income Bond Fund . | 0.00%  |
| CrossingBridge Responsible Credit Fund  | 0.00%  |
| CrossingBridge Ultra-Short Duration ETF  | 6.83%  |
| CrossingBridge Ultra-Short Duration Fund  | 0.00%  |
| RiverPark Strategic Income Fund  | 0.00% |

---

For the fiscal year or period ended September 30, 2025, certain dividends paid by the Funds may be subject to a maximum tax rate of 20%, 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 were as follows:

---

| | |
|:---|:---|
| CrossingBridge Low Duration High Income Fund | 0.94%  |
| CrossingBridge Nordic High Income Bond Fund . | 0.00%  |
| CrossingBridge Responsible Credit Fund  | 0.62%  |
| CrossingBridge Ultra-Short Duration ETF  | 0.00%  |
| CrossingBridge Ultra-Short Duration Fund  | 0.00%  |
| RiverPark Strategic Income Fund  | 1.06% |

---

For corporate shareholders, the percent of ordinary income distributions qualifying for the corporate dividends received deduction for the fiscal year or period ended September 30, 2025 were as follows:

---

| | |
|:---|:---|
| CrossingBridge Low Duration High Income Fund | 0.94%  |
| CrossingBridge Nordic High Income Bond Fund  | 0.00%  |
| CrossingBridge Responsible Credit Fund | 0.62%  |
| CrossingBridge Ultra-Short Duration ETF  | 0.00%  |
| CrossingBridge Ultra-Short Duration Fund  | 0.00%  |
| RiverPark Strategic Income Fund . | 1.04% |

---

78<br>

------

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

**CROSSINGBRIDGE FUNDS** 

---

| | |
|:---|:---|
| Investment Adviser  | **CrossingBridge Advisors, LLC** <br>**427 Bedford Road, Suite 220** <br>**Pleasantville, New York 10570**  |
| Legal Counsel  | **Godfrey & Kahn, S.C.** <br>**833 East Michigan Street, Suite 1800** <br>**Milwaukee, Wisconsin 53202**  |
| &nbsp;&nbsp;&nbsp; Independent Registered Public <br>Accounting Firm  | **Cohen & Company, Ltd.** <br>**875 East Wisconsin Avenue, Suite 210**<br>**Milwaukee, WI 53202**  |
| &nbsp;&nbsp;&nbsp; Transfer Agent, Fund Accountant and <br>Fund Administrator  | **U.S. Bancorp Fund Services, LLC** <br>**615 East Michigan Street** <br>**Milwaukee, Wisconsin 53202**  |
| Custodian  | **U.S. Bank, N.A.** <br>**Custody Operations** <br>**1555 North River Center Drive** <br>**Milwaukee, Wisconsin 53212**  |
| Distributors  | **Quasar Distributors, LLC** <br>**190 Middle Street, Suite 301** <br>**Portland, Maine 04101**  |
|  | **Foreside Fund Services, LLC** <br>**190 Middle Street, Suite 301** <br>**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>**

There were no changes in or disagreements with accountants during the period covered by this report.

**<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 statements filed under Item 7(a) of this Form.

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

Not applicable as the investment advisory contract was not approved during the reporting period.

**<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 December 10, 2018.

 

&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.](tpmc-efp24839_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.](tpmc-efp24839_ex99906cert.htm)

**SIGNATURES**

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>6/2/2026</u>

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>6/2/2026</u>

---

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

---

Date <u>6/2/2026</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: | 6/2/2026 | /s/ Jennifer Lima |
|  |  | Jennifer Lima, 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: | 6/2/2026 | /s/ Kelly Strauss |
|  |  | Kelly Strauss, 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 March 31, 2026 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> Principal Executive Officer, Trust for Professional Managers | Kelly Strauss<br> Principal Financial Officer, Trust for Professional Managers |

---

Dated: <u>6/2/2026</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 the Trust for purposes of Section 18 of the Securities Exchange Act of 1934.