# EDGAR Filing Document

**Accession Number:** 0000811030
**File Stem:** 0001145549-23-008138
**Filing Date:** 2023-2
**Character Count:** 23778
**Document Hash:** f21f05d3f7c5fe823b54af99d997a57c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-008138.hdr.sgml**: 20230222

**ACCESSION NUMBER**: 0001145549-23-008138

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230222

**DATE AS OF CHANGE**: 20230222

**PERIOD START**: 20230331

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PROFESSIONALLY MANAGED PORTFOLIOS
- **CENTRAL INDEX KEY:** 0000811030
- **IRS NUMBER:** 566415270
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-05037
- **FILM NUMBER:** 23652368

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 626-914-7363

**MAIL ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AVONDALE INVESTMENT TRUST
- **DATE OF NAME CHANGE:** 19910529

## Series and Classes Contracts Data

### Osterweis Fund (Series ID: S000004931)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000013346 | Investor Class | OSTFX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **OSTERWEIS FUND** | **OSTERWEIS FUND** | **OSTERWEIS FUND** |
| SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) | SCHEDULE OF INVESTMENTS at December 31, 2022 (Unaudited) |
| **Shares** |  | **Value** |
| **Common Stocks: 89.4%** | **Common Stocks: 89.4%** |  |
| **Aerospace & Defense: 5.4%** | **Aerospace & Defense: 5.4%** |  |
| 23395 | Airbus SE - ADR | $693896 |
| 13030 | L3Harris Technologies, Inc. | 2712976 |
| 124300 | Safran SA - ADR | 3883132 |
|  |  | 7290004 |
| **Banks: 1.5%** | **Banks: 1.5%** |  |
| 17040 | First Republic Bank | 2077006 |
| **Chemicals: 3.8%** | **Chemicals: 3.8%** |  |
| 11250 | Air Products & Chemicals, Inc. | 3467925 |
| 5115 | Linde PLC | 1668411 |
|  |  | 5136336 |
| **Commercial Services & Supplies: 3.4%** | **Commercial Services & Supplies: 3.4%** |  |
| 34465 | Waste Connections, Inc. | 4568680 |
| **Electrical Equipment: 3.0%** | **Electrical Equipment: 3.0%** |  |
| 29115 | AMETEK, Inc. | 4067948 |
| **Equity Real Estate Investment Trusts - REITS: 3.8%** | **Equity Real Estate Investment Trusts - REITS: 3.8%** |  |
| 18000 | EastGroup Properties, Inc. | 2665080 |
| 25635 | Lamar Advertising Co. - Class A | 2419944 |
|  |  | 5085024 |
| **Food & Staples Retailing: 2.4%** | **Food & Staples Retailing: 2.4%** |  |
| 42970 | Sysco Corp. | 3285056 |
| **Health Care Equipment & Supplies: 6.9%** | **Health Care Equipment & Supplies: 6.9%** |  |
| 8300 | Becton Dickinson and Co. | 2110690 |
| 112480 | Boston Scientific Corp. <sup>1</sup> | 5204449 |
| 7455 | Teleflex, Inc. | 1860992 |
|  |  | 9176131 |
| **Health Care Providers & Services: 3.0%** | **Health Care Providers & Services: 3.0%** |  |
| 43095 | CVS Health Corp. | 4016023 |
| **Insurance: 4.9%** | **Insurance: 4.9%** |  |
| 36240 | Brown & Brown, Inc. | 2064593 |
| 34300 | The Progressive Corp. | 4449053 |
|  |  | 6513646 |
| **Interactive Media & Services: 6.4%** | **Interactive Media & Services: 6.4%** |  |
| 96340 | Alphabet, Inc. - Class C <sup>1</sup> | 8548248 |
| **Internet & Direct Marketing Retail: 2.2%** | **Internet & Direct Marketing Retail: 2.2%** |  |
| 34765 | Amazon.com, Inc. <sup>1</sup> | 2920260 |
| **IT Services: 3.3%** | **IT Services: 3.3%** |  |
| 21510 | Visa, Inc. - Class A | 4468918 |
| **Life Sciences Tools & Services: 5.2%** | **Life Sciences Tools & Services: 5.2%** |  |
| 136180 | Avantor, Inc. <sup>1</sup> | 2872036 |
| 15165 | Danaher Corp. | 4025094 |
|  |  | 6897130 |
| **Multiline Retail: 5.1%** | **Multiline Retail: 5.1%** |  |
| 20120 | Dollar General Corp. | 4954550 |
| 12275 | Target Corp. | 1829466 |
|  |  | 6784016 |
| **Pharmaceuticals: 2.2%** | **Pharmaceuticals: 2.2%** |  |
| 16360 | Johnson & Johnson | 2889994 |
| **Road & Rail: 5.1%** | **Road & Rail: 5.1%** |  |
| 14145 | Old Dominion Freight Line, Inc. | 4014068 |
| 13530 | Union Pacific Corp. | 2801657 |
|  |  | 6815725 |
| **Semiconductors & Semiconductor Equipment: 6.6%** | **Semiconductors & Semiconductor Equipment: 6.6%** |  |
| 41566 | Advanced Micro Devices, Inc. <sup>1</sup> | 2692230 |
| 14700 | Analog Devices, Inc. | 2411241 |
| 24314 | Applied Materials, Inc. | 2367697 |
| 26310 | Micron Technology, Inc. | 1314974 |
|  |  | 8786142 |
| **Software: 12.6%** | **Software: 12.6%** |  |
| 11116 | Adobe, Inc. <sup>1</sup> | 3740868 |
| 37795 | Microsoft Corp. | 9063997 |
| 25550 | Oracle Corp. | 2088457 |
| 6173 | Synopsys, Inc. <sup>1</sup> | 1970977 |
|  |  | 16864299 |
| **Specialty Retail: 2.6%** | **Specialty Retail: 2.6%** |  |
| 29520 | Ross Stores, Inc. | 3426386 |
| **Total Common Stocks** | **Total Common Stocks** |  |
| &nbsp;&nbsp;&nbsp; (Cost $81,899,865) | &nbsp;&nbsp;&nbsp; (Cost $81,899,865) | 119616972 |
| **Principal Amount** |  |  |
| **Short-Term Investments: 10.7%** | **Short-Term Investments: 10.7%** |  |
| **US Treasury Bills: 7.3%** | **US Treasury Bills: 7.3%** |  |
|  | United States Treasury Bill |  |
| $9800000 | &nbsp;&nbsp;&nbsp; 2.583%, 01/05/2023 | 9798024 |
| **Total US Treasury Bills** | **Total US Treasury Bills** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $9,797,223)** | &nbsp;&nbsp;&nbsp; **(Cost $9,797,223)** | 9798024 |
| **Shares** |  |  |
| **Money Market Funds: 3.4%** | **Money Market Funds: 3.4%** |  |
| 4519992 | &nbsp;&nbsp;&nbsp; Federated Hermes U.S. Treasury Cash Reserves - Class I, 3.820% <sup>2</sup> | 4519992 |
| **Total Money Market Funds** | **Total Money Market Funds** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $4,519,992)** | &nbsp;&nbsp;&nbsp; **(Cost $4,519,992)** | 4519992 |
| **Total Short-Term Investments** | **Total Short-Term Investments** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $14,317,215)** | &nbsp;&nbsp;&nbsp; **(Cost $14,317,215)** | 14318016 |
| **Total Investments in Securities: 100.1%** | **Total Investments in Securities: 100.1%** |  |
| &nbsp;&nbsp;&nbsp; **(Cost $96,217,080)** | &nbsp;&nbsp;&nbsp; **(Cost $96,217,080)** | 133934988 |
| Liabilities in Excess of Other Assets: (0.1)% | Liabilities in Excess of Other Assets: (0.1)% | (69314) |
| **Total Net Assets: 100.0%** | **Total Net Assets: 100.0%** | $133865674 |

---

---

| | |
|:---|:---|
| ADR - | American Depositary Receipt |
| <sup>1</sup>  | Non-income producing security. |
| <sup>2</sup>  | Annualized seven-day effective yield as of December 31, 2022. |
| The Global Industry Classifications Standard (GICS<sup>®</sup>) sector and industry classifications was developed by and is the exclusive property of MSCI, Inc. and Standard & Poor's ("S&P"). GICS<sup>®</sup> is a service mark of MSCI, Inc. and S&P and has been licensed for use by Osterweis Capital Management. | The Global Industry Classifications Standard (GICS<sup>®</sup>) sector and industry classifications was developed by and is the exclusive property of MSCI, Inc. and Standard & Poor's ("S&P"). GICS<sup>®</sup> is a service mark of MSCI, Inc. and S&P and has been licensed for use by Osterweis Capital Management. |

---

------

---

| |
|:---|
| **Summary of Fair Value Disclosure at December 31, 2022 (Unaudited)** |
| The Osterweis Fund (the "Fund") utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: |
| • Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.<br> • 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.<br> • 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 would be based on the best information available. |
| The following is a summary of the inputs used to value the Fund's investments as of December 31, 2022: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| Assets: | **Level 1** | **Level 2** | **Level 3** | **Total** |
| Common Stocks<sup>1</sup> | $119616972 | $– | $– | $119616972 |
| Short-Term Investments | 4519992 | 9798024 | – | 14318016 |
| Total Assets: | $124136964 | $9798024 | $– | $133934988 |
| <sup>1</sup> See Schedule of Investments for industry breakouts. |  |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Professionally Managed Portfolios

- **b. Investment Company Act file number:** 811-05037

- **c. CIK number of Registrant:** 0000811030

- **d. LEI of Registrant:** 254900BPISCYGRJD2727

- **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:** 414-516-1523

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

- **a. Name of Series:** The Osterweis Fund

- **b. EDGAR series identifier (if any):** S000004931

- **c. LEI of Series:** 254900VR8D6LFTDODY09

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

- **a. Date of fiscal year-end:** 2023-03-31

- **b. Date as of which information is reported:** 2022-12-31

**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:** $134069945.25

**Total Liabilities:** $167518.05

**Net Assets:** $133902427.20

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000013346 | 4.43%                | 6.89%                | -5.12%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-3232060.01             | $9083131.00                                |
| Month 2  | $10521.89                | $9349409.72                                |
| Month 3  | $891152.82               | $-8299136.36                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Waste Connections Inc          | Waste Connections Inc                        | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | US        |     34465 | NS      | $4568680.40   | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Linde PLC                      | Linde PLC                                    | CUSIP: G5494J103<br>LEI: 8945002PAZHZLBGKGF02 | Long             | EC               | CORP              | GB        |      5115 | NS      | $1668410.70   | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                                    | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     11116 | NS      | $3740867.48   | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Advanced Micro Devices Inc     | Advanced Micro Devices Inc                   | CUSIP: 007903107<br>LEI: R2I72C950HOYXII45366 | Long             | EC               | CORP              | US        |     41566 | NS      | $2692229.82   | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Air Products and Chemicals Inc | Air Products and Chemicals Inc               | CUSIP: 009158106<br>LEI: 7QEON6Y1RL5XR3R1W237 | Long             | EC               | CORP              | US        |     11250 | NS      | $3467925.00   | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Airbus SE                      | Airbus SE                                    | CUSIP: 009279100<br>LEI: MINO79WLOO247M1IL051 | Long             | EC               | CORP              | FR        |     23395 | NS      | $693895.70    | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                 | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     96340 | NS      | $8548248.20   | 6.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                               | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     34765 | NS      | $2920260.00   | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| AMETEK Inc                     | AMETEK Inc                                   | CUSIP: 031100100<br>LEI: 549300WZDEF9KKE40E98 | Long             | EC               | CORP              | US        |     29115 | NS      | $4067947.80   | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Analog Devices Inc             | Analog Devices Inc                           | CUSIP: 032654105<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | EC               | CORP              | US        |     14700 | NS      | $2411241.00   | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Applied Materials Inc          | Applied Materials Inc                        | CUSIP: 038222105<br>LEI: 41BNNE1AFPNAZELZ6K07 | Long             | EC               | CORP              | US        |     24314 | NS      | $2367697.32   | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Avantor Inc                    | Avantor Inc                                  | CUSIP: 05352A100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    136180 | NS      | $2872036.20   | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson and Co        | Becton Dickinson and Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      8300 | NS      | $2110690.00   | 1.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Boston Scientific Corp         | Boston Scientific Corp                       | CUSIP: 101137107<br>LEI: Y6ZDD9FP4P8JSSJMW954 | Long             | EC               | CORP              | US        |    112480 | NS      | $5204449.60   | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown Inc              | Brown & Brown Inc                            | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |     36240 | NS      | $2064592.80   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                | CVS Health Corp                              | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     43095 | NS      | $4016023.05   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Danaher Corp                   | Danaher Corp                                 | CUSIP: 235851102<br>LEI: S4BKK9OTCEWQ3YHPFM11 | Long             | EC               | CORP              | US        |     15165 | NS      | $4025094.30   | 3.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corp            | Dollar General Corp                          | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |     20120 | NS      | $4954550.00   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| EastGroup Properties Inc       | EastGroup Properties Inc                     | CUSIP: 277276101<br>LEI: 31TIGQQZC4P6JMHKSW85 | Long             | EC               | CORP              | US        |     18000 | NS      | $2665080.00   | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| First Republic Bank/CA         | First Republic Bank/CA                       | CUSIP: 33616C100<br>LEI: YWC0TIKBQM2JV8L4IV08 | Long             | EC               | CORP              | US        |     17040 | NS      | $2077005.60   | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                            | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     16360 | NS      | $2889994.00   | 2.16%             |  |  |  | No            |                  1 | On Loan: No      |
| L3Harris Technologies Inc      | L3Harris Technologies Inc                    | CUSIP: 502431109<br>LEI: 549300UTE50ZMDBG8A20 | Long             | EC               | CORP              | US        |     13030 | NS      | $2712976.30   | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Lamar Advertising Co           | Lamar Advertising Co                         | CUSIP: 512816109<br>LEI: 529900Y8WW4MKVPTB543 | Long             | EC               | CORP              | US        |     25635 | NS      | $2419944.00   | 1.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     37795 | NS      | $9063996.90   | 6.77%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology Inc          | Micron Technology Inc                        | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |     26310 | NS      | $1314973.80   | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes U.S. Treasury | Federated Hermes U.S. Treasury Cash Reserves | CUSIP: 60934N682<br>LEI: 25490003NTA1P9CI5X97 | Long             | STIV             | RF                | US        |   4519992 | NS      | $4519991.96   | 3.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line Inc  | Old Dominion Freight Line Inc                | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |     14145 | NS      | $4014068.10   | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp                    | Oracle Corp                                  | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |     25550 | NS      | $2088457.00   | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     34300 | NS      | $4449053.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc                | Ross Stores Inc                              | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     29520 | NS      | $3426386.40   | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Safran SA                      | Safran SA                                    | CUSIP: 786584102<br>LEI: 969500UIC89GT3UL7L24 | Long             | EC               | CORP              | FR        |    124300 | NS      | $3883132.00   | 2.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Synopsys Inc                   | Synopsys Inc                                 | CUSIP: 871607107<br>LEI: QG7T915N9S0NY5UKNE63 | Long             | EC               | CORP              | US        |      6173 | NS      | $1970977.17   | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                   | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     42970 | NS      | $3285056.50   | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                  | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |     12275 | NS      | $1829466.00   | 1.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Teleflex Inc                   | Teleflex Inc                                 | CUSIP: 879369106<br>LEI: UUL85LWXB4NGSWWXIQ25 | Long             | EC               | CORP              | US        |      7455 | NS      | $1860991.65   | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corp             | Union Pacific Corp                           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     13530 | NS      | $2801657.10   | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                  | CUSIP: 912796X95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   9800000 | PA      | $9798023.63   | 7.32%             | 2023-01-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Visa Inc                       | Visa Inc                                     | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     21510 | NS      | $4468917.60   | 3.34%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-21

**Name of Applicant:** Professionally Managed Portfolios

**Signature:** /s/ Melissa Breitzman

**Name of Signer:** Melissa Breitzman

**Title:** Assistant Treasurer