# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-004007
**Filing Date:** 2026-2
**Character Count:** 110662
**Document Hash:** 7128cb5e7cbbcaf20ad74cbec54de866
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004007.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0000894189-26-004007

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260220

**DATE AS OF CHANGE**: 20260220

**PERIOD START**: 20260930

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 26657201

**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

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

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

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **CORPORATE BONDS - 58.5%** | **CORPORATE BONDS - 58.5%** | **Par** | **Value**  |
| **Accommodation and Food Services - 2.3%** | **Accommodation and Food Services - 2.3%** | **Accommodation and Food Services - 2.3%** | **Accommodation and Food Services - 2.3%** |
|  GrubHub Holdings, Inc., 13.00% (or 7.00% PIK), 07/31/2030 <sup>(a)</sup> |  | $16576845 | $13576541 |
| **Administrative and Support and Waste Management and Remediation Services - 1.8%** | **Administrative and Support and Waste Management and Remediation Services - 1.8%** | **Administrative and Support and Waste Management and Remediation Services - 1.8%** | **Administrative and Support and Waste Management and Remediation Services - 1.8%** |
|  Uber Technologies, Inc., 4.50%, 08/15/2029 <sup>(a)</sup> |  | 10625000 | 10646229 |
| **Communications - 0.2%** | **Communications - 0.2%** | **Communications - 0.2%** | **Communications - 0.2%** |
|  Genexis International AB, 9.56% (3 mo. EURIBOR + 7.50%), 09/06/2026 | EUR | 1400000 | 1020072 |
| **Consumer Discretionary - 4.7%** | **Consumer Discretionary - 4.7%** | **Consumer Discretionary - 4.7%** | **Consumer Discretionary - 4.7%** |
|  3t Global Bidco PLC, 11.25%, 05/22/2028 |  | 2125000 | 2125000 |
|  Amwood AB, 8.19% (3 mo. STIBOR + 6.25%), 10/25/2027 | SEK | 33750000 | 2996864 |
|  European Entertainment Intressenter BidCo AB, 9.26% (3 mo. EURIBOR + 7.25%), 09/29/2030 | EUR | 6800000 | 7721642 |
|  Keyto Group AB, 7.18% (3 mo. STIBOR + 5.25%), 05/08/2029 | SEK | 20000000 | 2229512 |
|  United Airlines, Inc., 4.38%, 04/15/2026 <sup>(a)</sup> |  | 13500000 | 13491236 |
|  |  |  | 28564254 |
| **Consumer Staples - 0.1%** | **Consumer Staples - 0.1%** | **Consumer Staples - 0.1%** | **Consumer Staples - 0.1%** |
|  Greenfood AB, 8.92% (3 mo. STIBOR + 7.00%), 11/13/2028 | SEK | 5000000 | 573627 |
| **Energy - 5.3%** | **Energy - 5.3%** | **Energy - 5.3%** | **Energy - 5.3%** |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 18900000 | 19561500 |
|  Golar LNG Ltd., 7.50%, 10/02/2030 <sup>(a)</sup> |  | 12720000 | 12299331 |
|  Kistos Energy Norway AS, 9.75% (or 9.75% PIK), 09/17/2026 <sup>(a)</sup> |  | 6781 | 6832 |
|  |  |  | 31867663 |
| **Finance and Insurance - 7.5%** | **Finance and Insurance - 7.5%** | **Finance and Insurance - 7.5%** | **Finance and Insurance - 7.5%** |
|  Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029 <sup>(a)</sup> |  | 15211000 | 14121697 |
|  Euronet Worldwide, Inc., 1.38%, 05/22/2026 | EUR | 1355000 | 1583231 |
|  Ford Motor Credit Co. LLC, 6.95%, 03/06/2026 |  | 6236000 | 6250362 |
| Genworth Holdings, Inc. | Genworth Holdings, Inc. | Genworth Holdings, Inc. | Genworth Holdings, Inc. |
| &nbsp;&nbsp; 6.50%, 06/15/2034 |  | 2289000 | 2337573 |
| &nbsp;&nbsp; 6.12% (3 mo. Term SOFR + 2.26%), 11/15/2036 |  | 2531000 | 2125359 |
| Icahn Enterprises LP | Icahn Enterprises LP | Icahn Enterprises LP | Icahn Enterprises LP |
| &nbsp;&nbsp; 6.25%, 05/15/2026 |  | 380000 | 380797 |
| &nbsp;&nbsp; 5.25%, 05/15/2027 |  | 11050000 | 10906590 |
| &nbsp;&nbsp; 10.00%, 11/15/2029 <sup>(a)</sup> |  | 3369000 | 3370835 |
|  Mutares SE & Co. KGaA, 10.52% (3 mo. EURIBOR + 8.50%), 03/31/2027 | EUR | 713000 | 856166 |
|  Stonex Escrow Issuer LLC, 6.88%, 07/15/2032 <sup>(a)</sup> |  | 2964000 | 3074044 |
|  |  |  | 45006654 |
| **Holding Companies - 1.6%** | **Holding Companies - 1.6%** | **Holding Companies - 1.6%** | **Holding Companies - 1.6%** |
|  JDC Group AG, 6.57% (3 mo. EURIBOR + 4.50%), 08/28/2029 <sup>(a)</sup> | EUR | 5377000 | 6443734 |
|  Stockwik Forvaltning AB, 9.10% (3 mo. STIBOR + 7.25%), 06/26/2029 <sup>(a)</sup> | SEK | 30000000 | 3454082 |
|  |  |  | 9897816 |
| **Industrials - 3.5%** | **Industrials - 3.5%** | **Industrials - 3.5%** | **Industrials - 3.5%** |
|  Bonheur ASA, 6.49% (3 mo. NIBOR + 2.35%), 10/09/2029 <sup>(a)</sup> | NOK | 28500000 | 2858086 |
| Mangrove Luxco III Sarl | Mangrove Luxco III Sarl | Mangrove Luxco III Sarl | Mangrove Luxco III Sarl |
| &nbsp;&nbsp; 7.01% (3 mo. EURIBOR + 5.00%), 07/15/2029 <sup>(a)</sup> | EUR | 7875000 | 9274586 |
| &nbsp;&nbsp; 7.03% (3 mo. EURIBOR + 5.00%), 07/15/2029 | EUR | 2695000 | 3173970 |
|  SLR Group GmbH, 9.03% (3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 3676750 | 4220990 |
|  Stolt-Nielsen Ltd., 6.43% (3 mo. NIBOR + 2.25%), 10/22/2030 | NOK | 15000000 | 1489056 |
|  |  |  | 21016688 |
| **Information - 2.2%** | **Information - 2.2%** | **Information - 2.2%** | **Information - 2.2%** |
| Go North Group AB | Go North Group AB | Go North Group AB | Go North Group AB |
| &nbsp;&nbsp; 10.05% (3 Month SOFR + 5.76%, or 10.05% PIK), 02/09/2026 <sup>(b)</sup> |  | 3846159 | 1074854 |
| &nbsp;&nbsp; 15.00% (or 15.00% PIK), 02/09/2027 <sup>(b)(c)</sup> |  | 2432151 | 0 |
| &nbsp;&nbsp; 15.00% (or 15.00% PIK), 02/02/2028 <sup>(b)(c)</sup> | SEK | 2967631 | 0 |
|  Impala BondCo PLC, 12.00% (or 12.00% PIK) (3 mo. STIBOR + 9.00%), 10/30/2027 | SEK | 10444492 | 714716 |
|  Ziff Davis, Inc., 4.63%, 10/15/2030 <sup>(a)</sup> |  | 11958000 | 11406621 |
|  |  |  | 13196191 |
| **Manufacturing - 5.3%** | **Manufacturing - 5.3%** | **Manufacturing - 5.3%** | **Manufacturing - 5.3%** |
|  Builders FirstSource, Inc., 4.25%, 02/01/2032 <sup>(a)</sup> |  | 4500000 | 4288776 |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028 |  | 5068000 | 2762060 |
|  Crocs, Inc., 4.13%, 08/15/2031 <sup>(a)</sup> |  | 12899000 | 11980243 |
|  Secop Group Holding GmbH, 10.42% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 1443000 | 1713943 |
| Trulieve Cannabis Corp. | Trulieve Cannabis Corp. | Trulieve Cannabis Corp. | Trulieve Cannabis Corp. |
| &nbsp;&nbsp; 8.00%, 10/06/2026 |  | 4526000 | 4526000 |
| &nbsp;&nbsp; 10.50%, 12/17/2030 <sup>(a)</sup> |  | 2125000 | 2125000 |
|  Western Digital Corp., 3.10%, 02/01/2032 |  | 4806000 | 4434723 |
|  |  |  | 31830745 |
| **Materials - 0.6%** | **Materials - 0.6%** | **Materials - 0.6%** | **Materials - 0.6%** |
|  Duran Life Science Holding GmbH, 8.56% (3 mo. EURIBOR + 6.50%), 05/31/2030 | EUR | 3299000 | 3920596 |
| **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** |
|  Nabors Industries Ltd., 7.50%, 01/15/2028 <sup>(a)</sup> |  | 9234000 | 9238312 |
| **Other Services (except Public Administration) - 0.1%** | **Other Services (except Public Administration) - 0.1%** | **Other Services (except Public Administration) - 0.1%** | **Other Services (except Public Administration) - 0.1%** |
|  ANGI Group LLC, 3.88%, 08/15/2028 <sup>(a)</sup> |  | 485000 | 448353 |
| **Professional, Scientific, and Technical Services - 7.1%** | **Professional, Scientific, and Technical Services - 7.1%** | **Professional, Scientific, and Technical Services - 7.1%** | **Professional, Scientific, and Technical Services - 7.1%** |
|  Charles River Laboratories International, Inc., 4.00%, 03/15/2031 <sup>(a)</sup> |  | 6446000 | 6134157 |
| Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. |
| &nbsp;&nbsp; 14.00%, 03/01/2028 <sup>(a)</sup> |  | 4784000 | 4514948 |
| &nbsp;&nbsp; 11.25%, 02/21/2030 <sup>(a)</sup> |  | 8769000 | 8230143 |
|  Go Daddy Operating Co. LLC, 5.25%, 12/01/2027 <sup>(a)</sup> |  | 8632000 | 8660995 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 2.65%, 07/15/2026 |  | 8960000 | 8888508 |
| &nbsp;&nbsp; 4.45%, 09/26/2030 |  | 6438000 | 6304356 |
|  |  |  | 42733107 |
| **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** |
|  Forestar Group, Inc., 6.50%, 03/15/2033 <sup>(a)</sup> |  | 2000000 | 2041890 |
| **Retail Trade - 1.2%** | **Retail Trade - 1.2%** | **Retail Trade - 1.2%** | **Retail Trade - 1.2%** |
|  AutoNation, Inc., 2.40%, 08/01/2031 |  | 1392000 | 1233914 |
|  Superior Plus LP, 4.50%, 03/15/2029 <sup>(a)</sup> |  | 6045000 | 5904997 |
|  |  |  | 7138911 |
| **Technology - 3.3%** | **Technology - 3.3%** | **Technology - 3.3%** | **Technology - 3.3%** |
|  Hawk Infinity Software AS, 10.65% (3 mo. NIBOR + 6.50%), 10/15/2029 <sup>(a)(e)</sup> | NOK | 20700000 | 1966808 |
|  Platform Group AG, 8.88%, 07/11/2028 | EUR | 7792000 | 8447469 |
|  Trustly AB, 8.78% (3 mo. EURIBOR + 6.75%), 10/08/2030 | EUR | 8600000 | 9247638 |
|  |  |  | 19661915 |
| **Transportation and Warehousing - 5.1%** | **Transportation and Warehousing - 5.1%** | **Transportation and Warehousing - 5.1%** | **Transportation and Warehousing - 5.1%** |
|  Hawaiian Holdings, Inc., Series 2013-1, Series 2013-1, 3.90%, 01/15/2026 |  | 11014720 | 11003943 |
|  Summit Midstream Holdings LLC, 8.63%, 10/31/2029 <sup>(a)</sup> |  | 10785000 | 11189545 |
|  XPO, Inc., 6.25%, 06/01/2028 <sup>(a)</sup> |  | 8385000 | 8564875 |
|  |  |  | 30758363 |
| **Utilities - 2.9%** | **Utilities - 2.9%** | **Utilities - 2.9%** | **Utilities - 2.9%** |
|  Hawaii Electirc Light Company, 3.28%, 12/30/2040 <sup>(b)</sup> |  | 2945000 | 1787615 |
|  HMS Bergbau AG, 10.00%, 06/02/2030 | EUR | 9546000 | 11422215 |
|  Nord-troendelag Elektrisitetsverk AS, 4.86%, 09/10/2032 | NOK | 41000000 | 4045973 |
|  |  |  | 17255803 |
| **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** |
|  Imola Merger Corp., 4.75%, 05/15/2029 <sup>(a)</sup> |  | 11823000 | 11679466 |
| **TOTAL CORPORATE BONDS** (Cost $355,414,593) | **TOTAL CORPORATE BONDS** (Cost $355,414,593) | **TOTAL CORPORATE BONDS** (Cost $355,414,593) | 352073196 |
| **BANK LOANS - 15.5%** | **BANK LOANS - 15.5%** | **Par** | **Value**  |
| **Communications - 4.7%** | **Communications - 4.7%** | **Communications - 4.7%** | **Communications - 4.7%** |
|  Charter Communications Operating LLC, First Lien, 6.24% (3 mo. Term SOFR + 2.25%), 11/22/2031 |  | 7653168 | 7667517 |
|  CMG Media Corp., First Lien, 7.27% (3 mo. Term SOFR + 3.50%), 06/18/2029 |  | 17912276 | 16769472 |
|  Magnite, Inc., 6.72% (1 mo. Term SOFR + 3.75%), 02/06/2031 |  | 3680502 | 3681275 |
|  |  |  | 28118264 |
| **Consumer Discretionary - 2.3%** | **Consumer Discretionary - 2.3%** | **Consumer Discretionary - 2.3%** | **Consumer Discretionary - 2.3%** |
|  Bally's Corp., First Lien, 7.37% (3 mo. Term SOFR + 3.25%), 10/02/2028 |  | 13774238 | 13605986 |
|  Elevate Textiles, Inc., 12.64% (3 mo. Term SOFR + 8.65%), 09/30/2027 |  | 190463 | 191594 |
|  |  |  | 13797580 |
| **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** |
|  Fiserv Investment Term Loan B, 7.89% (3 mo. Term SOFR + 4.00%), 02/18/2027 |  | 12062003 | 11953445 |
| **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** |
|  Inotiv, Inc., First Lien, 10.75% (or .25% PIK) (3 mo. Term SOFR + 6.50%), 09/22/2026 |  | 7613276 | 6566450 |
| **Information - 1.7%** | **Information - 1.7%** | **Information - 1.7%** | **Information - 1.7%** |
|  Audacy Capital LLC, 9.83% (1 mo. Term SOFR + 6.00%), 09/30/2029 |  | 10785353 | 7549747 |
|  Audacy Capital LLC Exit Loan, 10.83% (1 mo. Term SOFR + 7.00%), 09/30/2029 |  | 2450817 | 2368102 |
|  |  |  | 9917849 |
| **Materials - 2.0%** | **Materials - 2.0%** | **Materials - 2.0%** | **Materials - 2.0%** |
|  TPC Group, Inc., 9.39% (6 mo. Term SOFR + 5.75%), 11/24/2031 |  | 13599930 | 12262649 |
| **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** |
|  CCIT Holdings AS, 10.00% (or 3.00% PIK), 02/28/2029 <sup>(b)</sup> | EUR | 2286541 | 2687140 |
| **Retail Trade - 1.3%** | **Retail Trade - 1.3%** | **Retail Trade - 1.3%** | **Retail Trade - 1.3%** |
| Mountaineer Merger Corp. | Mountaineer Merger Corp. | Mountaineer Merger Corp. | Mountaineer Merger Corp. |
| &nbsp;&nbsp; 11.77% (1 mo. Term SOFR + 8.00%), 06/16/2030 <sup>(b)</sup> |  | 305297 | 305297 |
| &nbsp;&nbsp; 11.77% (or 7.00% PIK) (1 mo. Term SOFR + 8.00%), 06/16/2030 <sup>(b)</sup> |  | 1041522 | 1041522 |
|  The Container Store, Inc. First Out Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(b)</sup> |  | 3817880 | 3245198 |
|  The Container Store, Inc. Rolled Up First Out Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(b)</sup> |  | 1754850 | 1491622 |
|  The Container Store, Inc. Second Out Loan, 9.20% (6 mo. Term SOFR + 5.00%), 07/30/2029 <sup>(b)</sup> |  | 262145 | 52429 |
|  The Container Store, Inc. Super Senior. Loan, 10.22% (or 5.50% PIK) (1 mo. Term SOFR + 5.50%), 04/30/2029 <sup>(b)</sup> |  | 1890089 | 1890089 |
|  |  |  | 8026157 |
| **TOTAL BANK LOANS** (Cost $97,644,639) | **TOTAL BANK LOANS** (Cost $97,644,639) | **TOTAL BANK LOANS** (Cost $97,644,639) | 93329534 |
| **COMMON STOCKS - 2.9%** |  | **Shares** | **Value**  |
| **Educational Services - 0.2%** | **Educational Services - 0.2%** | **Educational Services - 0.2%** |  |
| Stride, Inc. <sup>(f)</sup> |  | 14150 | 918760 |
| **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** | **Finance and Insurance - 0.7%** |  |
| Euronet Worldwide, Inc. <sup>(f)</sup> |  | 53141 | 4044562 |
| **Information - 1.1%** | **Information - 1.1%** | **Information - 1.1%** |  |
| Audacy Capital Class A <sup>(f)(l)</sup> |  | 7239 | 21717 |
| Audacy Capital Class B <sup>(f)(l)</sup> |  | 2481 | 7443 |
| GCI Liberty, Inc. - Class C <sup>(f)(g)</sup> |  | 176887 | 6581965 |
|  |  |  | 6611125 |
| **Manufacturing - 0.7%** | **Manufacturing - 0.7%** | **Manufacturing - 0.7%** |  |
| Cannabist Co. Holdings, Inc. <sup>(f)</sup> |  | 1194584 | 70361 |
| Cannabist Co. Holdings, Inc. <sup>(b)(c)(f)</sup> |  | 1194584 | 0 |
| Prosomnus Equity <sup>(b)(f)(l)</sup> |  | 1385560 | 1385560 |
| RA Parent, Inc. <sup>(b)(f)</sup> |  | 43 | 2545260 |
|  |  |  | 4001181 |
| **Materials - 0.0% <sup>(h)</sup>** | **Materials - 0.0% <sup>(h)</sup>** | **Materials - 0.0% <sup>(h)</sup>** |  |
| Champion Iron Ltd. |  | 17791 | 71161 |
| **Professional, Scientific, and Technical Services - 0.0% <sup>(h)</sup>** | **Professional, Scientific, and Technical Services - 0.0% <sup>(h)</sup>** | **Professional, Scientific, and Technical Services - 0.0% <sup>(h)</sup>** |  |
| UpHealth, Inc. <sup>(c)(f)</sup> |  | 133414 | 0 |
| **Retail Trade - 0.0% <sup>(h)</sup>** | **Retail Trade - 0.0% <sup>(h)</sup>** | **Retail Trade - 0.0% <sup>(h)</sup>** |  |
| Mountaineer Merger Corp. <sup>(b)(c)(f)</sup> |  | 5718472 | 0 |
| The Container Store, Inc. <sup>(c)(f)</sup> |  | 153461 | 0 |
|  |  |  | 0 |
| **Wholesale Trade - 0.2%** | **Wholesale Trade - 0.2%** | **Wholesale Trade - 0.2%** |  |
| Ingram Micro Holding Corp. |  | 69369 | 1480334 |
| **TOTAL COMMON STOCKS** (Cost $17,686,830) | **TOTAL COMMON STOCKS** (Cost $17,686,830) | **TOTAL COMMON STOCKS** (Cost $17,686,830) | 17127123 |
| **U.S. TREASURY SECURITIES - 2.0%** | **U.S. TREASURY SECURITIES - 2.0%** | **Par** | **Value**  |
|  United States Treasury Inflation Indexed Bonds, 1.88%, 07/15/2035 <sup>(i)</sup> |  | 11955414 | 11946657 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $12,276,952) | **TOTAL U.S. TREASURY SECURITIES** (Cost $12,276,952) | **TOTAL U.S. TREASURY SECURITIES** (Cost $12,276,952) | 11946657 |
| **PREFERRED STOCKS - 2.0%** |  | **Shares** | **Value**  |
| **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>(f)</sup> |  | 40765 | 1009341 |
| **Retail Trade - 0.2%** | **Retail Trade - 0.2%** | **Retail Trade - 0.2%** |  |
|  Preferred A Mountaineer Merger, 0.00% <sup>(b)</sup> |  | 3324854 | 1329942 |
|  Preferred B Mountaineer Merger, 0.00% <sup>(b)(c)</sup> |  | 2393618 | 0 |
|  |  |  | 1329942 |
| **Wholesale Trade - 1.6%** | **Wholesale Trade - 1.6%** | **Wholesale Trade - 1.6%** |  |
|  NGL Energy Partners LP, Series B, 11.13% (3 mo. Term SOFR + 7.47%), Perpetual <sup>(f)</sup> |  | 395491 | 9483874 |
| **TOTAL PREFERRED STOCKS** (Cost $10,670,028) | **TOTAL PREFERRED STOCKS** (Cost $10,670,028) | **TOTAL PREFERRED STOCKS** (Cost $10,670,028) | 11823157 |
| **MORTGAGE-BACKED SECURITIES - 1.1%** | **MORTGAGE-BACKED SECURITIES - 1.1%** | **Par** | **Value**  |
| **Finance and Insurance - 1.1%** | **Finance and Insurance - 1.1%** | **Finance and Insurance - 1.1%** | **Finance and Insurance - 1.1%** |
|  JP Morgan Chase Commercial Mortgage Securities, A Series 2021-MHC, Class A, 4.92% (1 mo. Term SOFR + 1.16%), 04/15/2038 <sup>(a)</sup> |  | 3550384 | 3550595 |
|  JP Morgan Chase Commercial Mortgage Securities, B Series 2021-MHC, Class B, 5.17% (1 mo. Term SOFR + 1.41%), 04/15/2038 <sup>(a)</sup> |  | 970000 | 970130 |
|  Merit 2020, A Series 2021-STOR, Class A, 4.57% (1 mo. Term SOFR + 0.81%), 07/15/2038 <sup>(a)</sup> |  | 1915000 | 1913302 |
|  |  |  | 6434027 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $6,408,801) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $6,408,801) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $6,408,801) | 6434027 |
| **CONVERTIBLE BONDS - 0.7%** | **CONVERTIBLE BONDS - 0.7%** | **Par** | **Value**  |
| **Holding Companies - 0.2%** | **Holding Companies - 0.2%** | **Holding Companies - 0.2%** | **Holding Companies - 0.2%** |
|  Novedo Holding AB, 12.00% (or 12.00% PIK), 09/18/2028 | SEK | 15400000 | 1551458 |
| **Information - 0.5%** | **Information - 0.5%** | **Information - 0.5%** | **Information - 0.5%** |
|  Go North Group AB, 0.00%, 12/31/2050 <sup>(b)(c)(d)</sup> | SEK | 18653577 | 0 |
|  Leafly Holdings, Inc., 8.00%, 01/15/2026 <sup>(b)</sup> |  | 3439000 | 2923150 |
|  |  |  | 2923150 |
| **TOTAL CONVERTIBLE BONDS** (Cost $4,918,614) | **TOTAL CONVERTIBLE BONDS** (Cost $4,918,614) | **TOTAL CONVERTIBLE BONDS** (Cost $4,918,614) | 4474608 |
| **REAL ESTATE INVESTMENT TRUSTS - PREFERRED - 0.4%** |  | **Shares** | **Value**  |
| **Real Estate and Rental and Leasing - 0.4%** | **Real Estate and Rental and Leasing - 0.4%** | **Real Estate and Rental and Leasing - 0.4%** |  |
|  CTO Realty Growth, Inc., Series A, 6.38%, Perpetual |  | 122890 | 2519245 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | 2519245 |
| **SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) - 0.2%** |  | **Shares** | **Value**  |
| Globa Terra Acquisition Corp. - Class A <sup>(f)</sup> |  | 141000 | 1424100 |
| Plum Acquisition Corp. III <sup>(b)(c)(f)</sup> |  | 8594 | 0 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,404,360) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,404,360) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,404,360) | 1424100 |
| **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.2%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.2%** | **Par** | **Value**  |
|  Norway Government Bond, 3.75%, 06/12/2035 <sup>(a)</sup> | NOK | 12500000 | 1200955 |
| **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,181,918) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,181,918) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,181,918) | 1200955 |
| **EXCHANGE TRADED FUNDS - 0.2%** |  | **Shares** | **Value**  |
| SPDR S&P 500 ETF Trust |  | 1415 | 964917 |
| **TOTAL EXCHANGE TRADED FUNDS** (Cost $977,738) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $977,738) | **TOTAL EXCHANGE TRADED FUNDS** (Cost $977,738) | 964917 |
| **WARRANTS - 0.0% <sup>(h)</sup>** |  | **Contracts** | **Value**  |
| **Information *-* 0.0% <sup>(h)</sup>** | **Information *-* 0.0% <sup>(h)</sup>** | **Information *-* 0.0% <sup>(h)</sup>** |  |
| Audacy Warrants, Expires 09/30/2029, Exercise Price $0.01 <sup>(f)</sup> |  | 19401 | 58203 |
| Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00 <sup>(c)(f)</sup> |  | 21228 | 0 |
| **Total Information** | **Total Information** | **Total Information** | 58203 |
| **Manufacturing *-* 0.0% <sup>(h)</sup>** | **Manufacturing *-* 0.0% <sup>(h)</sup>** | **Manufacturing *-* 0.0% <sup>(h)</sup>** |  |
| McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25 <sup>(b)(c)(f)</sup> |  | 258269 | 0 |
| McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25 <sup>(b)(c)(f)</sup> |  | 286965 | 0 |
| **Total Manufacturing** | **Total Manufacturing** | **Total Manufacturing** | 0 |
| **TOTAL WARRANTS** (Cost $688,763) | **TOTAL WARRANTS** (Cost $688,763) | **TOTAL WARRANTS** (Cost $688,763) | 58203 |
| **RIGHTS - 0.0% <sup>(h)</sup>** |  | **Shares** | **Value**  |
| **Professional, Scientific, and Technical Services *-* 0.0% <sup>(h)</sup>** | **Professional, Scientific, and Technical Services *-* 0.0% <sup>(h)</sup>** | **Professional, Scientific, and Technical Services *-* 0.0% <sup>(h)</sup>** |  |
| DT Cloud Star Acquisition Corp., Expires 07/09/2029, Exercise Price $10.00 <sup>(f)</sup> |  | 125000 | 20625 |
| **TOTAL RIGHTS** (Cost $625,000) | **TOTAL RIGHTS** (Cost $625,000) | **TOTAL RIGHTS** (Cost $625,000) | 20625 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 11.4%** | **COMMERCIAL PAPER - 11.4%** | **Par** | **Value**  |
| **Consumer Discretionary - 1.5%** |  |  |  |
| Brunswick Corp., 4.14%, 01/08/2026 <sup>(a)(j)</sup> |  | 8810000 | 8801582 |
| **Consumer Staples - 4.2%** |  |  |  |
| Dollarama, Inc., 4.27%, 01/28/2026 <sup>(a)(j)</sup> |  | 12750000 | 12710151 |
| Keurig Dr Pepper, Inc., 4.20%, 01/16/2026 <sup>(a)(j)</sup> |  | 12760000 | 12738519 |
|  |  |  | 25448670 |
| **Finance and Insurance - 2.0%** |  |  |  |
| Crown Castle, Inc., 4.03%, 01/22/2026 <sup>(a)(j)</sup> |  | 12335000 | 12303457 |
| **Health Care and Social Assistance - 2.1%** |  |  |  |
| HCA, Inc., 4.26%, 01/13/2026 <sup>(a)(j)</sup> |  | 12385000 | 12367118 |
| **Manufacturing - 1.6%** |  |  |  |
| Jabil, Inc., 4.12%, 01/07/2026 <sup>(a)(j)</sup> |  | 9427000 | 9418971 |
| **TOTAL COMMERCIAL PAPER** (Cost $68,342,962) | **TOTAL COMMERCIAL PAPER** (Cost $68,342,962) | **TOTAL COMMERCIAL PAPER** (Cost $68,342,962) | 68339798 |
| **MONEY MARKET FUNDS - 3.7%** | **MONEY MARKET FUNDS - 3.7%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(k)</sup> |  | 22392497 | 22392497 |
| **TOTAL MONEY MARKET FUNDS** (Cost $22,392,497) | **TOTAL MONEY MARKET FUNDS** (Cost $22,392,497) | **TOTAL MONEY MARKET FUNDS** (Cost $22,392,497) | 22392497 |
| **TOTAL INVESTMENTS - 98.8% (**Cost $603,090,717**)** | **TOTAL INVESTMENTS - 98.8% (**Cost $603,090,717**)** | **TOTAL INVESTMENTS - 98.8% (**Cost $603,090,717**)** | 594128642 |
| Other Assets in Excess of Liabilities - 1.2% | Other Assets in Excess of Liabilities - 1.2% | Other Assets in Excess of Liabilities - 1.2% | 7264080 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $601392722 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets.<br> AB - Aktiebolag<br> AG - Aktiengesellschaft<br> ASA - Advanced Subscription Agreement | Percentages are stated as a percent of net assets.<br> AB - Aktiebolag<br> AG - Aktiengesellschaft<br> ASA - Advanced Subscription Agreement | Percentages are stated as a percent of net assets.<br> AB - Aktiebolag<br> AG - Aktiengesellschaft<br> 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<br> USD - United States Dollar |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified institutional
 investors. As of December 31, 2025, the value of these securities total $275,457,031 or 45.8% of the Fund's net assets.

(b) 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
 $21,759,678 or 3.6% of net assets as of December 31, 2025.

(c) Security is currently in default.

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

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

(f) Non-income producing security.

(g) Held in connection with written option contracts. See Schedule of Written Options for further information.

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

(i) All or a portion of security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of December 31, 2025 is $11,922,433.

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

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

(l) Privately held.

------

---

| | | | |
|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)%** | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** | **Call Options - (0.0)% <sup>(a)</sup>** |
| GCI Liberty, Inc., Expiration: 01/16/2026; Exercise Price: $40.00 <sup>(b)(c)</sup> | $(1577704) | (424) | $(50880) |
| **Put Options - (0.0)% <sup>(a)(b)(c)</sup>** | **Put Options - (0.0)% <sup>(a)(b)(c)</sup>** | **Put Options - (0.0)% <sup>(a)(b)(c)</sup>** | **Put Options - (0.0)% <sup>(a)(b)(c)</sup>** |
| GCI Liberty, Inc., Expiration: 04/17/2026; Exercise Price: $30.00 | (1581425) | (425) | (38250) |
| Stride, Inc., Expiration: 01/16/2026; Exercise Price: $65.00 | (922006) | (142) | (24424) |
| **Total Put Options** |  |  | (62674) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $140,844) |  |  | $(113554) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

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

(b) Exchange-traded.

(c) 100 shares per contract.

------

---

| | | |
|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** | **Schedule of Securities Sold Short** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **CORPORATE BONDS** - **(2.5)%** | **Par** | **Value** |
| **Information - (0.6)%** | **Information - (0.6)%** | **Information - (0.6)%** |
|  Comcast Corp., 5.30%, 06/01/2034 | $(3481000 | $(3596175) |
| **Manufacturing - (0.8)%** | **Manufacturing - (0.8)%** | **Manufacturing - (0.8)%** |
| General Mills, Inc. | General Mills, Inc. | General Mills, Inc. |
| &nbsp;&nbsp; 4.88%, 01/30/2030 | (696000 | (712600) |
| &nbsp;&nbsp; 4.95%, 03/29/2033 | (696000 | (707378) |
|  PepsiCo, Inc., 5.00%, 02/07/2035 | (3481000 | (3596206) |
|  |  | (5016184) |
| **Materials - (0.3)%** | **Materials - (0.3)%** | **Materials - (0.3)%** |
|  Champion Iron Ltd., 7.88%, 07/15/2032 | (1417000 | (1510111) |
| **Retail Trade - (0.8)%** | **Retail Trade - (0.8)%** | **Retail Trade - (0.8)%** |
|  Advance Auto Parts, Inc., 5.95%, 03/09/2028 | (5000000 | (5115290) |
| **TOTAL CORPORATE BONDS** (Proceeds $14,888,203) | **TOTAL CORPORATE BONDS** (Proceeds $14,888,203) | (15237760) |
| **EXCHANGE TRADED FUNDS - (0.5)%** | **Shares** | **Value** |
| iShares iBoxx $ High Yield Corporate Bond ETF | (35390 | (2853496) |
| **TOTAL EXCHANGE TRADED FUNDS** (Proceeds $2,861,058) | **TOTAL EXCHANGE TRADED FUNDS** (Proceeds $2,861,058) | (2853496) |
| **TOTAL SECURITIES SOLD SHORT - (3.0)%** (Proceeds $17,749,261) |  | $(18091256) |
| Percentages are stated as a percent of net assets. |  |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** | **December 31, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | CAD | 38500 | USD | 27986 | $84 |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | EUR | 1339500 | USD | 1567114 | 8207 |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | SEK | 12900000 | USD | 1359068 | 43248 |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 76078 | CAD | 107000 | (1934) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 74513131 | EUR | 64204000 | (994105) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 11143250 | NOK | 112485000 | (17139) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 12618449 | SEK | 119035000 | (321446) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(1283085) |
| CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar | CAD - Canadian Dollar |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone |
| SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

#### Summary of Fair Value Disclosure as of December 31, 2025 (Unaudited)
RiverPark Strategic Income Fund (the "Fund") has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.

Level 1 - Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.

Level 2 - Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment speeds, credit risk, yield curves, default rates and similar data.

Level 3 - Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund's own assumptions about the assumptions a market participant would use in valuing the asset or liability, and based on the best information available.

The following is a summary of the fair valuation hierarchy of the Fund's securities as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $349210727 | $2862469 | $352073196 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 82616237 | 10713297 | 93329534 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 13167143 | 29160 | 3930820 | 17127123 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 11946657 | – | 11946657 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 10493215 | – | 1329942 | 11823157 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 6434027 | – | 6434027 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 1551458 | 2923150 | 4474608 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Preferred | 2519245 | – | – | 2519245 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies (SPACs) | 1424100 | – | 0 | 1424100 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Debt Obligations | – | 1200955 | – | 1200955 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | 964917 | – | – | 964917 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 0 | 58203 | 0 | 58203 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | – | 20625 | – | 20625 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | – | 68339798 | – | 68339798 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 22392497 | – | – | 22392497 |
| Total Investments | $50961117 | $521407847 | $21759678 | $594128642 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $51539 | $– | $51539 |
| Total Other Financial Instruments | $– | $51539 | $– | $51539 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | $– | $(15237760) | $– | $(15237760) |
| &nbsp;&nbsp;&nbsp;&nbsp;Exchange Traded Funds | (2853496) | – | – | (2853496) |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | (24424) | (89130) | – | (113554) |
| Total Investments | $(2877920) | $(15326890) | $– | $(18204810) |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $(1334624) | $– | $(1334624) |
| Total Other Financial Instruments | $– | $(1334624) | $– | $(1334624) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of December 31, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

------

---

| | | | | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|:---|
| The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: |  |  |  |  |  |
| **<u>RiverPark Strategic Income Fund</u>** | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Bank Loans</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Preferred Stocks</u>** | **<u>Preferred Stocks</u>** | **<u>Convertible Bonds</u>** | **<u>Special Purpose Acquisition Companies</u>** | **<u>Warrants</u>** |
| Beginning Balance - October 1, 2025 | 2884556 | $| 5956183 | $| 4146520 | $| 1662427 | $3562944 | $- | $0 |
| Purchases | - |  | 471723 |  | - |  | - | - | - | - |
| Sales | - |  | (1854524) |  | - |  | - | (744690) | - | - |
| Realized gains | - |  | - |  | - |  | - | 57319 | - | - |
| Realized losses | - |  | (56405) |  | - |  | - | - | - | - |
| Accretion of discount/(amortization of premium) | 10192 |  | 21022 |  | - |  | - | 23940 | - | - |
| Change in unrealized appreciation/(depreciation) | (32279) |  | (421201) |  | (215700) |  | (332485) | 23637 | (2020) | - |
| Transfer in/(out) of Level 3 | - |  | 6596499 |  | - |  | - | - | 2020 | - |
| Ending Balance - December 31, 2025 | 2862469 | $| 10713297 | $| 3930820 | $| 1329942 | $2923150 | $0 | $0 |
| The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at December 31, 2025, includes the following: |  |  |  |  |  |
|  | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Bank Loans</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Preferred Stocks</u>** | **<u>Preferred Stocks</u>** | **<u>Convertible Bonds</u>** | **<u>Special Purpose</u>**<br>  **<u>Acquisition Companies</u>** | **<u>Warrants</u>** |
|  | (32279) | $| (421201) | $| (215700) | $| (332485) | $9450 | $(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 | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below |  |  |  |
| provides a summary of the approach taken:<br>|  |  |  |  |  |  |  |  |  |  |
| **<u>Type of Security</u>** |  **<u>Examples of Input</u>** |  |  |  |  |  |  |  |  |  |
| Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: |  |  |  |
| Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis |  |  |  |
| Special Purpose Acquisition Companies (SPACs); SPAC founders shares | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. |  |  |  |  |  |
| Special Purpose Acquisition Companies (SPACs); SPAC founders shares |  |  |  |  |  |  |  |  |  |  |
| Common Stock (Legended shares) | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. |  |  |  |
| The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and categorized within Level 3 as of December 31, 2025: |  |  |  |  |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund**<br> **** <br>|  |  |  |  |  |  |
| **Descriptions** | **Fair Value**<br> **December 31, 2025** | **Valuation Techniques** | **Unobservable Input** | **Range of Input** | **Weighted Average**<br> **Unobservable Input <sup>(1)</sup>** | **Impact to Valuation from an Increase in Input <sup>(2)</sup>** |
| Corporate Bonds | $2862469 | Market Approach | Recoverable value | 0-30.10% | 30.10% | Increase |
|  |  |  | Yield to maturity | 7.76% | 7.76% | Decrease |
| Bank Loans | $10713297 | Market Approach | Enterprise value | $175.20 | $175.20 | Increase |
|  |  |  | Recoverable value | 100% | 100% | Increase |
|  |  |  | Transaction price | $20-100 | $88.73 | Increase |
|  |  |  | Transaction price | EUR 100 | EUR 100  | Increase |
| Common Stocks | $3930820 | Market Approach | Broker quote | $59000 | $59000 | Increase |
|  |  |  | Enterprise Value | $1.18-175.20 | $1.18 | Increase |
|  |  |  | Discount | 15-100% | 15.00% | Decrease |
|  |  |  | Recoverable value | 0% | 0% | Increase |
| Preferred Stocks | $1329942 | Market Approach | Enterprise value | $175.20 | $175.20 | Increase |
|  |  |  | Recoverable value | 0-40% | 40% | Increase |
| Convertible Bonds | $2923150 | Market Approach | Recoverable value | $85 | $85 | Increase |
|  |  |  | Recoverable value | 0% | 0% | Increase |
| Special Purpose Acquisition Companies | $0 | Market Approach | Recoverable value | $0 | $0 | Increase |
| Warrants | $0 | Market Approach | Recoverable value | $0 | $0 | Increase |

---

<sup>(1)</sup> Weighted average by relative fair value of the investments in that asset class. <br> <sup>(2)</sup> Represents the directional change in the fair value of the Level 3 investments that would result from an increase to the corresponding unobservable input.

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

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

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

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

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

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

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

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-520-5925

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

- **a. Name of Series:** RiverPark Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000080182

- **c. LEI of Series:** 549300MW0PJLP8U34W36

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

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

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

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $628378558.39

**Total Liabilities:** $26676876.60

**Net Assets:** $601701681.79

**Cash Not Reported:** $20449084.77

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 7029.056862000000 | **1-Year:** 231.084557000000 | **5-Year:** 4102.471651000000 | **10-Year:** 6977.242079000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 38248.755467000000 | **1-Year:** 39265.904876000000 | **5-Year:** 13388.200643000000 | **10-Year:** 1809.907556000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241885 | -0.01%               | 0.16%                | 0.43%                |
| Class ID C000241886 | -0.03%               | 0.14%                | 0.41%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $3645770.04              | $-9728344.23                               |
| Month 2  | $2785370.54              | $-4197531.32                               |
| Month 3  | $-2424667.31             | $2825923.13                                |

**Designated Index Information**

- **Index Name:** N/A

- **Index Identifier:** N/A

### Schedule of Portfolio Investments

| Name                                               | Title                                                         | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AP8<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   4784000 | PA      | $4514948.46   | 0.75%             | 2028-03-01      | Fixed         | 14.00%                | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP                             | NGL Energy Partners LP                                        | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |    378384 | NS      | $9073648.32   | 1.51%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | CAD/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1933.72     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CCIT Holdings A/S                                  | CCIT Holdings A/S                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |   2286541 | PA      | $2687139.91   | 0.45%             | 2029-02-28      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                        | Mcdermott International Ltd                                   | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | N/A              | DE               | CORP              | US        |    258269 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| IMPALA GROUP PLC                                   | Impala BondCo PLC                                             | CUSIP: BR8492349<br>LEI: 549300H2NW5AUSWVQK84 | Long             | DBT              | CORP              | GB        |  10444492 | PA      | $714715.69    | 0.12%             | 2027-10-30      | None          | 12.00%                | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB                                 | Novedo Holding AB                                             | CUSIP: YV5155721<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |  15400000 | PA      | $1551458.21   | 0.26%             | 2028-09-18      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS SEK                  | GO NORTH GROUP AB 0% PERP BDS SEK                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    207044 | PA      | $0.00         | 0.00%             | 2028-02-02      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS USD                  | GO NORTH GROUP AB 0% PERP BDS USD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |     94219 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| RA PARENT INC                                      | RA PARENT INC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        43 | NS      | $2545260.00   | 0.42%             |  |  |  | No            |                  3 | On Loan: No      |
| KEYTO GROUP AB                                     | Keyto Group AB                                                | CUSIP: ZB4254650<br>LEI: 6367005G88MCU6C7PJ78 | Long             | DBT              | CORP              | SE        |  20000000 | PA      | $2229511.76   | 0.37%             | 2029-05-08      | Floating      | 7.18%                 | No            |                  2 | On Loan: No      |
| GREENFOOD AB                                       | Greenfood AB                                                  | CUSIP: YU4668742<br>LEI: 54930026GZN5E1NE1E62 | Long             | DBT              | CORP              | SE        |   5000000 | PA      | $573627.33    | 0.10%             | 2028-11-13      | Floating      | 8.92%                 | No            |                  2 | On Loan: No      |
| N/A                                                | SEK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-321445.84   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102CK1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3369000 | PA      | $3370835.16   | 0.56%             | 2029-11-15      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| UpHealth Inc                                       | UpHealth Inc                                                  | CUSIP: 91532B200<br>LEI: 549300OSKGXG2OH2XE50 | Long             | EC               | CORP              | US        |    133414 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Globa Terra Acquisition Corp                       | Globa Terra Acquisition Corp                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | MX        |    141000 | NS      | $1424100.00   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                                                | NOK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-17139.61    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | SEK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $43247.79     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| DOLLARAMA INC.                                     | Dollarama Inc                                                 | CUSIP: 25675MAU6<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | STIV             | CORP              | CA        |  12750000 | PA      | $12710151.15  | 2.11%             | 2026-01-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| STONEX ESCROW ISSUER LLC                           | Stonex Escrow Issuer LLC                                      | CUSIP: 86189AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2964000 | PA      | $3074044.43   | 0.51%             | 2032-07-15      | Fixed         | 6.88%                 | No            |                  2 | On Loan: No      |
| TRULIEVE CANNABIS CORP                             | Trulieve Cannabis Corp                                        | CUSIP: 89788CAF1<br>LEI: 549300122MBOJDGEZ014 | Long             | DBT              | CORP              | CA        |   2125000 | PA      | $2125000.00   | 0.35%             | 2030-12-17      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                               | Western Digital Corp                                          | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   4806000 | PA      | $4434722.85   | 0.74%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| EURONET WORLDWIDE INC                              | Euronet Worldwide Inc                                         | CUSIP: ZS7206551<br>LEI: YG3575C4DSHJPA5KET68 | Long             | DBT              | CORP              | US        |   1355000 | PA      | $1583230.76   | 0.26%             | 2026-05-22      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| N/A                                                | Stride Inc                                                    | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -142 | NC      | $-24424.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| TERRIER MEDIA BUYER INC                            | CMG Media Corp                                                | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  17912276 | PA      | $16769472.46  | 2.79%             | 2029-06-18      | Floating      | 7.60%                 | No            |                  2 | On Loan: No      |
| TPC GROUP INC                                      | TPC Group Inc                                                 | CUSIP: 87266EAG0<br>LEI: 549300K276KVW5JD1583 | Long             | LON              | CORP              | US        |  13599930 | PA      | $12262648.88  | 2.04%             | 2031-11-24      | Floating      | 9.77%                 | No            |                  2 | On Loan: No      |
| Gabriel Brothers/Gabe's/Mountaineer Merger 8/25 De | Gabriel Brothers/Gabe's/Mountaineer Merger 8/25 De            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    305297 | PA      | $305297.28    | 0.05%             | 2030-06-14      | Floating      | 4.77%                 | No            |                  3 | On Loan: No      |
| THE PLATFORM GROUP AG                              | Platform Group AG                                             | CUSIP: YX8650427<br>LEI: 391200T7OHCG8YPRQW61 | Long             | DBT              | CORP              | DE        |   7792000 | PA      | $8447468.62   | 1.40%             | 2028-07-11      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| EURO ENTMT INTRESSENTER                            | European Entertainment Intressenter BidCo AB/Sweden           | CUSIP: YK1433498<br>LEI: 549300A3OF2TBEL6BF72 | Long             | DBT              | CORP              | SE        |   6800000 | PA      | $7721642.46   | 1.28%             | 2030-09-29      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| DURAN LIFE SCIENCE HLDG                            | Duran Life Science Holding GmbH                               | CUSIP: DA2534497<br>LEI: 5299003W0EE08LV85B90 | Long             | DBT              | CORP              | DE        |   3299000 | PA      | $3920596.24   | 0.65%             | 2030-05-31      | Floating      | 8.56%                 | No            |                  2 | On Loan: No      |
| STOCKWIK FORVALTNING                               | Stockwik Forvaltning AB                                       | CUSIP: YN3342642<br>LEI: 213800X1259MBEKD5H24 | Long             | DBT              | CORP              | SE        |  30000000 | PA      | $3454081.36   | 0.57%             | 2029-06-26      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| TCSHO                                              | TCSHO                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    153461 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                     | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC | CUSIP: 466330AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $970129.98    | 0.16%             | 2038-04-15      | Floating      | 5.17%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                              | Nabors Industries Ltd                                         | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   9234000 | PA      | $9238312.28   | 1.54%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                            | Superior Plus LP / Superior General Partner Inc               | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6045000 | PA      | $5904996.59   | 0.98%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| TRUSTLY AB                                         | Trustly AB                                                    | CUSIP: YK1879799<br>LEI: 549300MVSSPGPLS7JG31 | Long             | DBT              | CORP              | SE        |   8600000 | PA      | $9247637.85   | 1.54%             | 2030-10-08      | Floating      | 8.78%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                 | Forestar Group Inc                                            | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2041890.00   | 0.34%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                      | Golar LNG Ltd                                                 | CUSIP: 38046YAE1<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |  12720000 | PA      | $12299331.16  | 2.04%             | 2030-10-02      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| iShares iBoxx $ High Yield Cor                     | iShares iBoxx $ High Yield Corporate Bond ETF                 | CUSIP: 464288513<br>LEI: 549300FCCXHK7O37PQ68 | Short            | EC               | RF                | US        |    -35390 | NS      | $-2853495.70  | -0.47%            |  |  |  | No            |                  1 | On Loan: No      |
| JP Morgan Chase Commercial Mor                     | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3550384 | PA      | $3550594.27   | 0.59%             | 2038-04-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| Merit                                              | MHP 2021-STOR                                                 | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1915000 | PA      | $1913302.16   | 0.32%             | 2038-07-15      | Floating      | 4.57%                 | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                   | CUSIP: 713448GC6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Short            | DBT              | CORP              | US        |  -3481000 | PA      | $-3596206.20  | -0.60%            | 2035-02-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| N/A                                                | CAD/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $83.91        | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| INOTIV INC                                         | Inotiv Inc                                                    | CUSIP: 45783RAC2<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | LON              | CORP              | US        |   7613276 | PA      | $6566450.41   | 1.09%             | 2026-11-05      | Floating      | 10.89%                | No            |                  2 | On Loan: No      |
| Preferred B Mountaineer Merger                     | Preferred B Mountaineer Merger                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   2393618 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'      | GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |   2034691 | PA      | $0.00         | 0.00%             | 2026-02-09      | Floating      | 12.93%                | No            |                  3 | On Loan: No      |
| JDC GROUP AG                                       | JDC Group AG                                                  | CUSIP: YL3079172<br>LEI: 391200HVYXFJ2R1BIN92 | Long             | DBT              | CORP              | DE        |   5377000 | PA      | $6443734.06   | 1.07%             | 2029-08-28      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| Cannabist Co Holdings Inc/The                      | Cannabist Co Holdings Inc/The                                 | CUSIP: 13765Y103<br>LEI: 9845007B45659F4F4F75 | Long             | EC               | CORP              | US        |   1194584 | NS      | $70360.98     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CANNABIST CO HLDGS INC                             | Cannabist Co Holdings Inc/The                                 | CUSIP: 13766HAA7<br>LEI: 9845007B45659F4F4F75 | Long             | DBT              | CORP              | CA        |   5068000 | PA      | $2762060.00   | 0.46%             | 2028-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                           | Charles River Laboratories International Inc                  | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |   6446000 | PA      | $6134156.70   | 1.02%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Container Store Rolled Up First Out Loan           | Container Store Rolled Up First Out Loan                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1754850 | PA      | $1491622.12   | 0.25%             | 2029-04-30      | Floating      | 5.36%                 | No            |                  3 | On Loan: No      |
| CROCS INC                                          | Crocs Inc                                                     | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |  12899000 | PA      | $11980242.93  | 1.99%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Ingram Micro Holding Corp                          | Ingram Micro Holding Corp                                     | CUSIP: 457152106<br>LEI: 9845008639BC538AB065 | Long             | EC               | CORP              | US        |     69369 | NS      | $1480334.46   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| LEAFLY HOLDINGS INC                                | Leafly Holdings Inc                                           | CUSIP: 58953MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3439000 | PA      | $2923150.00   | 0.49%             | 2026-01-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| SPDR S&P 500 ETF Trust                             | SPDR S&P 500 ETF Trust                                        | CUSIP: 78462F103<br>LEI: 549300NZAMSJ8FXPQQ63 | Long             | EC               | RF                | US        |      1415 | NS      | $964916.80    | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| Audacy Capital Class B                             | Audacy Capital Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2481 | NS      | $7443.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Audacy Capital LLC Exit Loan                       | Audacy Capital LLC Exit Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2450817 | PA      | $2368101.47   | 0.39%             | 2028-09-30      | Floating      | 11.80%                | No            |                  2 | On Loan: No      |
| MUTARES SE & CO                                    | Mutares SE & Co KGaA                                          | CUSIP: ZL6690784<br>LEI: 391200NWMO6NLQFSCU64 | Long             | DBT              | CORP              | DE        |    713000 | PA      | $856166.56    | 0.14%             | 2027-03-31      | Floating      | 10.52%                | No            |                  2 | On Loan: No      |
| MAGNITE INC                                        | Magnite Inc                                                   | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |   3680502 | PA      | $3681274.54   | 0.61%             | 2031-02-06      | Floating      | 7.16%                 | No            |                  2 | On Loan: No      |
| 3T GLOBAL BIDCO PLC                                | 3t Global Bidco PLC                                           | CUSIP: ZB6868366<br>LEI: 984500A9A01BC5EF1N17 | Long             | DBT              | CORP              | GB        |   2125000 | PA      | $2125000.00   | 0.35%             | 2028-05-22      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NORWEGIAN GOVERNMENT                               | Norway Government Bond                                        | CUSIP: YR2442626<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |  12500000 | PA      | $1200954.86   | 0.20%             | 2035-06-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                       | Comcast Corp                                                  | CUSIP: 20030NEJ6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Short            | DBT              | CORP              | US        |  -3481000 | PA      | $-3596174.87  | -0.60%            | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| Container Store Inc. Super Sr. Loan                | Container Store Inc. Super Sr. Loan                           | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   1890089 | PA      | $1890089.29   | 0.31%             | 2029-04-30      | Floating      | 10.65%                | No            |                  3 | On Loan: No      |
| GRUBHUB HOLDINGS INC                               | GrubHub Holdings Inc                                          | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  16576845 | PA      | $13576541.15  | 2.26%             | 2030-07-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| JABIL INC                                          | Jabil Inc                                                     | CUSIP: 46652MA70<br>LEI: 5493000CGCQY2OQU7669 | Long             | STIV             | CORP              | US        |   9427000 | PA      | $9418971.02   | 1.57%             | 2026-01-07      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |     92637 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |     88361 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| AMWOOD AB                                          | Amwood AB                                                     | CUSIP: YU5039166<br>LEI: 549300JU4SJKJZUOUH03 | Long             | DBT              | CORP              | SE        |  33750000 | PA      | $2996863.63   | 0.50%             | 2027-10-25      | Floating      | 8.19%                 | No            |                  2 | On Loan: No      |
| Preferred A Mountaineer Merger                     | Preferred A Mountaineer Merger                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EP               | CORP              | US        |   3324854 | NS      | $1329941.60   | 0.22%             |  |  |  | No            |                  3 | On Loan: No      |
| ZIFF DAVIS INC                                     | Ziff Davis Inc                                                | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |  11958000 | PA      | $11406621.40  | 1.90%             | 2030-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                   | CUSIP: 68389XDH5<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   6438000 | PA      | $6304356.33   | 1.05%             | 2030-09-26      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| Stride Inc                                         | Stride Inc                                                    | CUSIP: 86333M108<br>LEI: 254900BRWS3AFONWU277 | Long             | EC               | CORP              | US        |     14150 | NS      | $918759.50    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| SECOP GROUP HLDG GMBH                              | Secop Group Holding GmbH                                      | CUSIP: ZK8432245<br>LEI: 3912009IWWPURB35WO49 | Long             | DBT              | CORP              | DE        |   1443000 | PA      | $1713943.14   | 0.28%             | 2026-12-29      | Floating      | 10.42%                | No            |                  2 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $8207.28      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| TEGRA118 WEALTH SOLUTION                           | Tegra118 Wealth Solutions Inc                                 | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12062003 | PA      | $11953445.13  | 1.99%             | 2027-02-18      | Floating      | 8.20%                 | No            |                  2 | On Loan: No      |
| SLR GROUP GMBH                                     | SLR Group GmbH                                                | CUSIP: ZD9638846<br>LEI: 529900WJI20NRSA96C93 | Long             | DBT              | CORP              | DE        |   3676750 | PA      | $4220990.41   | 0.70%             | 2027-10-09      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| GO DADDY OPCO/FINCO                                | Go Daddy Operating Co LLC / GD Finance Co Inc                 | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8632000 | PA      | $8660994.89   | 1.44%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HAWAIIAN AIRLINES 13-1A                            | Hawaiian Airlines 2013-1 Class A Pass Through Certificates    | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11014720 | PA      | $11003942.59  | 1.83%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                  | Imola Merger Corp                                             | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11823000 | PA      | $11679465.82  | 1.94%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD4139261<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   2760587 | PA      | $0.00         | 0.00%             | 2028-02-02      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| GENEXIS INT'L AB                                   | Genexis International AB                                      | CUSIP: BY5266105<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   1400000 | PA      | $1020072.39   | 0.17%             | 2026-09-06      | Floating      | 9.55%                 | No            |                  2 | On Loan: No      |
| CHAMPION IRON CANADA INC                           | Champion Iron Canada Inc                                      | CUSIP: 15853BAA9<br>LEI: N/A                  | Short            | DBT              | CORP              | CA        |  -1417000 | PA      | $-1510111.01  | -0.25%            | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                  | General Mills Inc                                             | CUSIP: 370334DA9<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | DBT              | CORP              | US        |   -696000 | PA      | $-712600.06   | -0.12%            | 2030-01-30      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| HCA INC                                            | HCA Inc                                                       | CUSIP: 40412DAD1<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | STIV             | CORP              | US        |  12385000 | PA      | $12367118.54  | 2.06%             | 2026-01-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| SARATOGA INVESTMENT CORP                           | Saratoga Investment Corp                                      | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |     40765 | NS      | $1009341.40   | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| UBER TECHNOLOGIES INC                              | Uber Technologies Inc                                         | CUSIP: 90353TAK6<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |  10625000 | PA      | $10646228.75  | 1.77%             | 2029-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-994105.00   | -0.17%            |  |  |  | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPER                        | Charter Communications Operating LLC                          | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   7653168 | PA      | $7667517.19   | 1.27%             | 2031-12-15      | Floating      | 6.24%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD5873868<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   3570942 | PA      | $1074853.54   | 0.18%             | 2026-02-09      | None          | 9.65%                 | No            |                  3 | On Loan: No      |
| HAWK INFINITY SOFTWARE                             | Hawk Infinity Software AS                                     | CUSIP: YU0717220<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |  20700000 | PA      | $1966808.04   | 0.33%             | 2029-10-15      | Floating      | 10.65%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB 0% PERP BDS USD                  | GO NORTH GROUP AB 0% PERP BDS USD                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |    152602 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| MANGROVE LUXCO III                                 | Mangrove Luxco III Sarl                                       | CUSIP: YW1323271<br>LEI: 549300GLJSZN1PU7T586 | Long             | DBT              | CORP              | LU        |   7875000 | PA      | $9274586.25   | 1.54%             | 2029-07-15      | Floating      | 7.01%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                 | Advance Auto Parts Inc                                        | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Short            | DBT              | CORP              | US        |  -5000000 | PA      | $-5115290.00  | -0.85%            | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                           | Builders FirstSource Inc                                      | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4288776.17   | 0.71%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                           | Compass Group Diversified Holdings LLC                        | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |  15211000 | PA      | $14121696.63  | 2.35%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CTO REALTY GROWTH INC                              | CTO Realty Growth Inc                                         | CUSIP: 22948Q200<br>LEI: 254900ZQ99OFO1WXS678 | Long             | EP               | CORP              | US        |    122890 | NS      | $2519245.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Euronet Worldwide Inc                              | Euronet Worldwide Inc                                         | CUSIP: 298736109<br>LEI: YG3575C4DSHJPA5KET68 | Long             | EC               | CORP              | US        |     53141 | NS      | $4044561.51   | 0.67%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Treasury Obliga                     | First American Treasury Obligations Fund                      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  22392497 | NS      | $22392496.63  | 3.72%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC                           | Ford Motor Credit Co LLC                                      | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   6236000 | PA      | $6250362.44   | 1.04%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MILLS INC                                  | General Mills Inc                                             | CUSIP: 370334CT9<br>LEI: 2TGYMUGI08PO8X8L6150 | Short            | DBT              | CORP              | US        |   -696000 | PA      | $-707378.26   | -0.12%            | 2033-03-29      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| GENWORTH HOLDINGS INC                              | Genworth Holdings Inc                                         | CUSIP: 37247DAB2<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   2289000 | PA      | $2337572.58   | 0.39%             | 2034-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   8769000 | PA      | $8230143.20   | 1.37%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB 0% BDS PERP USD1                 | GO NORTH GROUP AB 0% BDS PERP USD1                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    244858 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    380000 | PA      | $380796.59    | 0.06%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| KEURIG DR PEPPER INC                               | Keurig Dr Pepper Inc                                          | CUSIP: 49271KAG9<br>LEI: DYTQ8KRTKO7Y2BVU5K74 | Long             | STIV             | CORP              | US        |  12760000 | PA      | $12738518.54  | 2.12%             | 2026-01-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC                                | Leafly Holdings Inc                                           | CUSIP: 52178J113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     21228 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                           | Summit Midstream Holdings LLC                                 | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10785000 | PA      | $11189545.35  | 1.86%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| TSY INFL IX N/B                                    | United States Treasury Inflation Indexed Bonds                | CUSIP: 91282CNS6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  11955414 | PA      | $11946656.96  | 1.99%             | 2035-07-15      | Fixed         | 1.88%                 | No            |                  2 | On Loan: No      |
| XPO INC                                            | XPO Inc                                                       | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   8385000 | PA      | $8564875.02   | 1.42%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| Audacy Capital Class A                             | Audacy Capital Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      7239 | NS      | $21717.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Audacy Warrants                                    | Audacy Warrants                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     19401 | NS      | $58203.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Champion Iron Ltd                                  | Champion Iron Ltd                                             | CUSIP: N/A<br>LEI: 894500WQI96G4T75O202       | Long             | EC               | CORP              | AU        |     17791 | NS      | $71161.41     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| KISTOS ENERGY NORWAY AS                            | Kistos Energy Norway AS                                       | CUSIP: ZL5884792<br>LEI: 213800RJDWTCWEMG1513 | Long             | DBT              | CORP              | NO        |      6781 | PA      | $6831.88      | 0.00%             | 2026-09-17      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| MANGROVE LUXCO III                                 | Mangrove Luxco III Sarl                                       | CUSIP: YW1323297<br>LEI: 549300GLJSZN1PU7T586 | Long             | DBT              | CORP              | LU        |   2695000 | PA      | $3173969.52   | 0.53%             | 2029-07-15      | Floating      | 7.03%                 | No            |                  2 | On Loan: No      |
| HMS BERGBAU AG                                     | HMS Bergbau AG                                                | CUSIP: YO7626063<br>LEI: 5299004BSTX10BXHV941 | Long             | DBT              | CORP              | DE        |   9546000 | PA      | $11422214.74  | 1.90%             | 2030-06-02      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                        | Mcdermott International Ltd                                   | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | N/A              | DE               | CORP              | US        |    286965 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | GCI Liberty Inc                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -425 | NC      | $-38250.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| ELEVATE TEXTILES INC                               | Elevate Textiles Inc                                          | CUSIP: 28622DAD2<br>LEI: M4ZRS7E9USM0DKM0N876 | Long             | LON              | CORP              | US        |    190463 | PA      | $191594.07    | 0.03%             | 2027-09-30      | Floating      | 12.79%                | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL LLC                                 | Audacy Capital LLC                                            | CUSIP: 05070XAB7<br>LEI: 549300S5JUSXRHNCHD80 | Long             | LON              | CORP              | US        |  10785353 | PA      | $7549747.13   | 1.25%             | 2029-09-28      | Floating      | 10.08%                | No            |                  2 | On Loan: No      |
| The Container Store Exit Loan - First Out T/L- Tar | The Container Store Exit Loan - First Out T/L- Tar            | CUSIP: 21075BAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   3817880 | PA      | $3245197.60   | 0.54%             | 2029-04-30      | Floating      | 4.92%                 | No            |                  3 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: YX9284390<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |  18653577 | PA      | $0.00         | 0.00%             | 2050-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| STOLT-NIELSEN LTD                                  | Stolt-Nielsen Ltd                                             | CUSIP: YK7913725<br>LEI: 213800VZX4LWJSGRLR94 | Long             | DBT              | CORP              | BM        |  15000000 | PA      | $1489055.52   | 0.25%             | 2030-10-22      | Floating      | 6.43%                 | No            |                  2 | On Loan: No      |
| Prosomnus Equity                                   | Prosomnus Equity                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1385560 | NS      | $1385560.00   | 0.23%             |  |  |  | No            |                  3 | On Loan: No      |
| ANGI GROUP LLC                                     | ANGI Group LLC                                                | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $448353.40    | 0.07%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| AUTONATION INC                                     | AutoNation Inc                                                | CUSIP: 05329WAS1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1392000 | PA      | $1233914.00   | 0.21%             | 2031-08-01      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| BRUNSWICK CORP                                     | Brunswick Corp/DE                                             | CUSIP: 11704NA88<br>LEI: YM4O38W15AX4YLLQKU27 | Long             | STIV             | CORP              | US        |   8810000 | PA      | $8801582.05   | 1.46%             | 2026-01-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CANNABIST CO HLDGS INC COM                         | CANNABIST CO HLDGS INC COM                                    | CUSIP: 13765Y509<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1194584 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| GCI Liberty Inc                                    | GCI Liberty Inc                                               | CUSIP: 36164V800<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    204787 | NS      | $7620124.27   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| GENWORTH HOLDINGS INC                              | Genworth Holdings Inc                                         | CUSIP: 37247DAG1<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   2531000 | PA      | $2125359.16   | 0.35%             | 2036-11-15      | Variable      | 6.12%                 | No            |                  2 | On Loan: No      |
| HAWAII ELECTRIC LIGHT CO. INC.                     | HAWAII ELECTRIC LIGHT CO. INC.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2945000 | PA      | $1787615.00   | 0.30%             | 2040-12-30      | Variable      | 3.28%                 | No            |                  3 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11050000 | PA      | $10906589.79  | 1.81%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CONTAINER STORE                                    | Container Store Inc/The                                       | CUSIP: 21075BAQ4<br>LEI: RU4H3CU9QRX4TIC35822 | Long             | LON              | CORP              | US        |    262145 | PA      | $52429.06     | 0.01%             | 2029-07-30      | Floating      | 9.26%                 | No            |                  3 | On Loan: No      |
| BALLY'S CORP                                       | Bally's Corp                                                  | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |  13774238 | PA      | $13605985.60  | 2.26%             | 2028-10-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| Common Stock Mountaineer Merger                    | Common Stock Mountaineer Merger                               | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   5718472 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| BONHEUR ASA                                        | Bonheur ASA                                                   | CUSIP: YU0204336<br>LEI: 213800HOQE1B34SUA323 | Long             | DBT              | CORP              | NO        |  28500000 | PA      | $2858086.31   | 0.48%             | 2029-10-09      | Floating      | 6.49%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                                        | Oracle Corp                                                   | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   8960000 | PA      | $8888507.62   | 1.48%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| PLUM ACQUISITION CORP III                          | Plum Acquisition Corp III                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      8594 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | GCI Liberty Inc                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -424 | NC      | $-50880.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| NORD-TRONDELAG HOLDING                             | Nord-troendelag Elektrisitetsverk AS                          | CUSIP: YL8630268<br>LEI: 5967007LIEEXZXFXW007 | Long             | DBT              | CORP              | NO        |  41000000 | PA      | $4045973.55   | 0.67%             | 2032-09-10      | Fixed         | 4.86%                 | No            |                  2 | On Loan: No      |
| TRULIEVE CANNABIS CORP                             | Trulieve Cannabis Corp                                        | CUSIP: 89788CAD6<br>LEI: 549300122MBOJDGEZ014 | Long             | DBT              | CORP              | CA        |   4526000 | PA      | $4526000.00   | 0.75%             | 2026-10-06      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC                                | United Airlines Inc                                           | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |  13500000 | PA      | $13491235.80  | 2.24%             | 2026-04-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC.                                  | Crown Castle Inc                                              | CUSIP: 22823QAN1<br>LEI: 54930012H97VSM0I2R19 | Long             | STIV             | CORP              | US        |  12335000 | PA      | $12303456.94  | 2.04%             | 2026-01-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DT Cloud Star Acquisition Corp                     | DT Cloud Star Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    125000 | NS      | $20625.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| Gabriel Brothers/Gabe's/ Mountaineer Merger 8/25 T | Gabriel Brothers/Gabe's/ Mountaineer Merger 8/25 T            | CUSIP: 62450LAD0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   1041522 | PA      | $1041522.19   | 0.17%             | 2030-06-14      | Floating      | 4.99%                 | No            |                  3 | On Loan: No      |
| FORUM ENERGY TECHNOLOGIE                           | Forum Energy Technologies Inc                                 | CUSIP: YU7565416<br>LEI: 549300SF93HLCR1REE27 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $19561500.00  | 3.25%             | 2029-11-07      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |

### Signature

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

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer