# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-25-047548
**Filing Date:** 2025-7
**Character Count:** 30048
**Document Hash:** 5b9bd3f0b6fe55aa2e7f8a3146f910d3
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-047548.hdr.sgml**: 20250724

**ACCESSION NUMBER**: 0001145549-25-047548

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250724

**DATE AS OF CHANGE**: 20250724

**PERIOD START**: 20260228

**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:** 251147093

**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

### Dearborn Partners Rising Dividend Fund (Series ID: S000040371)

| Class ID   | Class Name                                              | Ticker Symbol   |
|:---|:---|:---|
| C000125410 | Dearborn Partners Rising Dividend Fund - Class A Shares | DRDAX           |
| C000125411 | Dearborn Partners Rising Dividend Fund - Class C Shares | DRDCX           |
| C000125412 | Dearborn Partners Rising Dividend Fund - Class I Shares | DRDIX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Dearborn Partners Rising Dividend Fund** | **Dearborn Partners Rising Dividend Fund** | **Dearborn Partners Rising Dividend Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** | **May 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 97.8%** | **Shares** | **Value**  |
| **Biotechnology - 2.0%** | **Biotechnology - 2.0%** | |
| AbbVie, Inc. | 65100 | $12115761 |
| **Capital Markets - 3.9%** | **Capital Markets - 3.9%** |  |
| Nasdaq, Inc. | 137490 | 11485915 |
| S&P Global, Inc. | 24688 | 12661488 |
|  |  | 24147403 |
| **Chemicals - 4.6%** | **Chemicals - 4.6%** |  |
| Corteva, Inc. | 207700 | 14705160 |
| Sherwin-Williams Co/The | 37500 | 13455375 |
|  |  | 28160535 |
| **Commercial Services & Supplies - 4.7%** | **Commercial Services & Supplies - 4.7%** |  |
| Cintas Corp. | 57360 | 12992040 |
| Republic Services, Inc. | 61730 | 15882512 |
|  |  | 28874552 |
| **Communications Equipment - 2.1%** | **Communications Equipment - 2.1%** |  |
| Motorola Solutions, Inc. | 30600 | 12710628 |
| **Consumer Staples Distribution & Retail - 7.7%** | **Consumer Staples Distribution & Retail - 7.7%** |  |
| Casey's General Stores, Inc. | 37690 | 16499174 |
| Costco Wholesale Corp. | 13650 | 14198457 |
| Walmart, Inc. | 169170 | 16700463 |
|  |  | 47398094 |
| **Distributors - 1.1%** | **Distributors - 1.1%** |  |
| Pool Corp. | 22800 | 6853452 |
| **Diversified Telecommunication Services - 1.5%** | **Diversified Telecommunication Services - 1.5%** |  |
| Verizon Communications, Inc. | 217100 | 9543716 |
| **Electronic Equipment, Instruments & Components - 1.3%** | **Electronic Equipment, Instruments & Components - 1.3%** |  |
| Amphenol Corp. - Class A | 85720 | 7708800 |
| **Financial Services - 4.0%** | **Financial Services - 4.0%** |  |
| Jack Henry & Associates, Inc. | 50195 | 9093828 |
| Mastercard, Inc. - Class A | 26510 | 15524256 |
|  |  | 24618084 |
| **Food Products - 3.2%** | **Food Products - 3.2%** |  |
| McCormick & Co Inc/MD | 140939 | 10250493 |
| Mondelez International, Inc. - Class A | 141000 | 9516090 |
|  |  | 19766583 |
| **Gas Utilities - 2.6%** | **Gas Utilities - 2.6%** |  |
| Atmos Energy Corp. | 102300 | 15823764 |
| **Health Care Equipment & Supplies - 6.5%** | **Health Care Equipment & Supplies - 6.5%** |  |
| Abbott Laboratories | 72500 | 9684550 |
| Becton Dickinson & Co. | 26708 | 4609534 |
| STERIS PLC | 48327 | 11850263 |
| Stryker Corp. | 36200 | 13851568 |
|  |  | 39995915 |
| **Hotels, Restaurants & Leisure - 2.0%** | **Hotels, Restaurants & Leisure - 2.0%** |  |
| McDonald's Corp. | 39643 | 12441955 |
| **Household Products - 2.0%** | **Household Products - 2.0%** |  |
| Procter & Gamble Co. | 73584 | 12501186 |
| **Insurance - 3.1%** | **Insurance - 3.1%** |  |
| Arthur J Gallagher & Co. | 54470 | 18925057 |
| **IT Services - 1.6%** | **IT Services - 1.6%** |  |
| Accenture PLC - Class A | 30454 | 9648436 |
| **Machinery - 3.8%** | **Machinery - 3.8%** |  |
| Illinois Tool Works, Inc. | 37598 | 9214518 |
| Snap-on, Inc. | 43510 | 13955832 |
|  |  | 23170350 |
| **Multi-Utilities - 2.1%** | **Multi-Utilities - 2.1%** |  |
| WEC Energy Group, Inc. | 120457 | 12941900 |
| **Oil, Gas & Consumable Fuels - 3.4%** | **Oil, Gas & Consumable Fuels - 3.4%** |  |
| EOG Resources, Inc. | 77230 | 8384861 |
| Exxon Mobil Corp. | 123356 | 12619319 |
|  |  | 21004180 |
| **Pharmaceuticals - 2.0%** | **Pharmaceuticals - 2.0%** |  |
| Merck & Co, Inc. | 77920 | 5987373 |
| Zoetis, Inc. | 38300 | 6458529 |
|  |  | 12445902 |
| **Professional Services - 6.6%** | **Professional Services - 6.6%** |  |
| Automatic Data Processing, Inc. | 48500 | 15788205 |
| Broadridge Financial Solutions, Inc. | 48000 | 11655840 |
| Thomson Reuters Corp. | 67489 | 13406352 |
|  |  | 40850397 |
| **Semiconductors & Semiconductor Equipment - 3.5%** | **Semiconductors & Semiconductor Equipment - 3.5%** |  |
| QUALCOMM, Inc. | 79909 | 11602787 |
| Texas Instruments, Inc. | 55380 | 10126233 |
|  |  | 21729020 |
| **Software - 5.6%** | **Software - 5.6%** |  |
| Intuit, Inc. | 21500 | 16199605 |
| Microsoft Corp. | 40100 | 18460436 |
|  |  | 34660041 |
| **Specialty Retail - 3.9%** | **Specialty Retail - 3.9%** |  |
| Home Depot Inc/The | 30000 | 11048700 |
| Tractor Supply Co. | 265000 | 12826000 |
|  |  | 23874700 |
| **Technology Hardware, Storage & Peripherals - 4.5%** | **Technology Hardware, Storage & Peripherals - 4.5%** |  |
| Apple, Inc. | 137288 | 27574295 |
| **Trading Companies & Distributors - 4.3%** | **Trading Companies & Distributors - 4.3%** |  |
| Fastenal Co. | 376540 | 15566164 |
| Watsco, Inc. | 25200 | 11177964 |
|  |  | 26744128 |
| **Water Utilities - 1.7%** | **Water Utilities - 1.7%** |  |
| American Water Works Co, Inc. | 71460 | 10216636 |
| **Wireless Telecommunication Services - 2.5%** | **Wireless Telecommunication Services - 2.5%** |  |
| T-Mobile US, Inc. | 63000 | 15258600 |
| **TOTAL COMMON STOCKS** (Cost $346,763,884) | **TOTAL COMMON STOCKS** (Cost $346,763,884) | 601704070 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 1.6%** | **Shares** | **Value**  |
| **Specialized REITs - 1.6%** | **Specialized REITs - 1.6%** |  |
| Equinix, Inc. | 11460 | 10185877 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $9,230,374) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $9,230,374) | 10185877 |
| **SHORT-TERM INVESTMENTS - 0.5%** |  | **Value**  |
| **Money Market Funds - 0.5%** | **<u>Shares</u>** |  |
| Fidelity Government Portfolio - Class Institutional, 4.18% <sup>(a)</sup> | 2898365 | 2898365 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $2,898,365) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $2,898,365) | 2898365 |
| **TOTAL INVESTMENTS - 99.9% (**Cost $358,892,623**)** | **TOTAL INVESTMENTS - 99.9% (**Cost $358,892,623**)** | 614788312 |
| Other Assets in Excess of Liabilities - 0.1% | Other Assets in Excess of Liabilities - 0.1% | 464354 |
| **TOTAL NET ASSETS - 100.0%** |  | $615252666 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

PLC - Public Limited Company <br> REIT - Real Estate Investment Trust

(a) The rate shown represents the 7-day annualized effective yield as of May 31, 2025.

------

#### Summary of Fair Value Disclosure as of May 31, 2025 (Unaudited)
Dearborn Partners Rising Dividend 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 May 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;Common Stocks | 601704070 |  |  | 601704070 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 10185877 |  |  | 10185877 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 2898365 |  |  | 2898365 |
| Total Investments | 614788312 |  |  | 614788312 |
| 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. |

---

## 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:** Dearborn Partners Rising Dividend Fund

- **b. EDGAR series identifier (if any):** S000040371

- **c. LEI of Series:** 254900GN27FEVNU4MO04

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

- **a. Date of fiscal year-end:** 2026-02-28

- **b. Date as of which information is reported:** 2025-05-31

**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:** $615686895.42

**Total Liabilities:** $644729.55

**Net Assets:** $615042165.87

**Cash Not Reported:** $1663358.64

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000125410 | -1.88%               | -1.82%               | 1.98%                |
| Class ID C000125411 | -1.96%               | -1.88%               | 1.92%                |
| Class ID C000125412 | -1.89%               | -1.78%               | 2.01%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $-12068251.58                              |
| Month 2  | $-4613048.69             | $-6968034.09                               |
| Month 3  | $3669535.84              | $7862851.95                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Fastenal Co                    | Fastenal Co                        | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    376540 | NS      | $15566163.60  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources Inc              | EOG Resources Inc                  | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |     77230 | NS      | $8384861.10   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp               | Exxon Mobil Corp                   | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |    123356 | NS      | $12619318.80  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD              | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |    140939 | NS      | $10250493.47  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc             | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     30600 | NS      | $12710628.00  | 2.07%             |  |  |  | No            |                  1 | On Loan: No      |
| T-Mobile US Inc                | T-Mobile US Inc                    | CUSIP: 872590104<br>LEI: 549300QHIJYOHPACPG31 | Long             | EC               | CORP              | US        |     63000 | NS      | $15258600.00  | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc     | Verizon Communications Inc         | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    217100 | NS      | $9543716.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Cintas Corp                    | Cintas Corp                        | CUSIP: 172908105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     57360 | NS      | $12992040.00  | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Illinois Tool Works Inc        | Illinois Tool Works Inc            | CUSIP: 452308109<br>LEI: 76NA4I14SZCFAYMNSV04 | Long             | EC               | CORP              | US        |     37598 | NS      | $9214517.84   | 1.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                         | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     21500 | NS      | $16199605.00  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     24688 | NS      | $12661487.68  | 2.06%             |  |  |  | No            |                  1 | On Loan: No      |
| AbbVie Inc                     | AbbVie Inc                         | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |     65100 | NS      | $12115761.00  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc      | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     48500 | NS      | $15788205.00  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corp          | Costco Wholesale Corp              | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |     13650 | NS      | $14198457.00  | 2.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co Inc                 | Merck & Co Inc                     | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     77920 | NS      | $5987372.80   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Mondelez International Inc     | Mondelez International Inc         | CUSIP: 609207105<br>LEI: 549300DV9GIB88LZ5P30 | Long             | EC               | CORP              | US        |    141000 | NS      | $9516090.00   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Pool Corp                      | Pool Corp                          | CUSIP: 73278L105<br>LEI: 5493005VZK1KMN6CO617 | Long             | EC               | CORP              | US        |     22800 | NS      | $6853452.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                       | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     79909 | NS      | $11602786.80  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc              | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     61730 | NS      | $15882511.70  | 2.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc              | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     55380 | NS      | $10126233.00  | 1.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis Inc                     | Zoetis Inc                         | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |     38300 | NS      | $6458529.00   | 1.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     72500 | NS      | $9684550.00   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| American Water Works Co Inc    | American Water Works Co Inc        | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     71460 | NS      | $10216636.20  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                  | Accenture PLC                      | CUSIP: N/A<br>LEI: 5493000EWHDSR3MZWH98       | Long             | EC               | CORP              | IE        |     30454 | NS      | $9648436.28   | 1.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Snap-on Inc                    | Snap-on Inc                        | CUSIP: 833034101<br>LEI: HHWAT5TDOYZMM26KKQ73 | Long             | EC               | CORP              | US        |     43510 | NS      | $13955832.50  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc               | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    120457 | NS      | $12941900.08  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                 | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     30000 | NS      | $11048700.00  | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The            | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     73584 | NS      | $12501185.76  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Thomson Reuters Corp           | Thomson Reuters Corp               | CUSIP: 884903808<br>LEI: 549300561UZND4C7B569 | Long             | EC               | CORP              | CA        |     67489 | NS      | $13406352.41  | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Tractor Supply Co              | Tractor Supply Co                  | CUSIP: 892356106<br>LEI: 549300OJ9VZHZRO6I137 | Long             | EC               | CORP              | US        |    265000 | NS      | $12826000.00  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp                | McDonald's Corp                    | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     39643 | NS      | $12441955.55  | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                    | Walmart Inc                        | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    169170 | NS      | $16700462.40  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                          | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |    137288 | NS      | $27574294.80  | 4.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc         | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |     37690 | NS      | $16499174.40  | 2.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva Inc                    | Corteva Inc                        | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |    207700 | NS      | $14705160.00  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Arthur J Gallagher & Co        | Arthur J Gallagher & Co            | CUSIP: 363576109<br>LEI: 54930049QLLMPART6V29 | Long             | EC               | CORP              | US        |     54470 | NS      | $18925056.80  | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                     | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     26510 | NS      | $15524256.00  | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corp                   | Stryker Corp                       | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |     36200 | NS      | $13851568.00  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Watsco Inc                     | Watsco Inc                         | CUSIP: 942622200<br>LEI: 549300F1Y3LN5BX5WN75 | Long             | EC               | CORP              | US        |     25200 | NS      | $11177964.00  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corp                  | Amphenol Corp                      | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     85720 | NS      | $7708799.60   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     40100 | NS      | $18460436.00  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Nasdaq Inc                     | Nasdaq Inc                         | CUSIP: 631103108<br>LEI: 549300L8X1Q78ERXFD06 | Long             | EC               | CORP              | US        |    137490 | NS      | $11485914.60  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The            | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     37500 | NS      | $13455375.00  | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Atmos Energy Corp              | Atmos Energy Corp                  | CUSIP: 049560105<br>LEI: QVLWEGTD2S8GJMO8D383 | Long             | EC               | CORP              | US        |    102300 | NS      | $15823764.00  | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co              | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     26708 | NS      | $4609533.72   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadridge Financial Solutions | Broadridge Financial Solutions Inc | CUSIP: 11133T103<br>LEI: 549300KZDJZQ2YIHRC28 | Long             | EC               | CORP              | US        |     48000 | NS      | $11655840.00  | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix Inc                    | Equinix Inc                        | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |     11460 | NS      | $10185877.20  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity Government Portfolio  | Fidelity Government Portfolio      | CUSIP: 316175108<br>LEI: 549300FQDFZGLUOCWN51 | Long             | STIV             | RF                | US        |   1235006 | NS      | $1235005.90   | 0.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates Inc    | Jack Henry & Associates Inc        | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |     50195 | NS      | $9093828.15   | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| STERIS PLC                     | STERIS PLC                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     48327 | NS      | $11850263.67  | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-16

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer