# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0000894189-26-004006
**Filing Date:** 2026-2
**Character Count:** 75207
**Document Hash:** de04d67dc55c4584bfa5e7780cde5fcd
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-26-004006.hdr.sgml**: 20260220

**ACCESSION NUMBER**: 0000894189-26-004006

**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:** 26657200

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

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

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

## Series and Classes Contracts Data

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

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

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration 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 - 68.5%** | **CORPORATE BONDS - 68.5%** | **Par** | **Value**  |
| **Accommodation and Food Services - 0.7%** | **Accommodation and Food Services - 0.7%** | **Accommodation and Food Services - 0.7%** | **Accommodation and Food Services - 0.7%** |
|  GrubHub Holdings, Inc., 13.00% (or 7.00% PIK), 07/31/2030 <sup>(a)</sup> |  | $3393145 | $2779007 |
| **Administrative and Support and Waste Management and Remediation Services - 2.8%** | **Administrative and Support and Waste Management and Remediation Services - 2.8%** | **Administrative and Support and Waste Management and Remediation Services - 2.8%** | **Administrative and Support and Waste Management and Remediation Services - 2.8%** |
|  Expedia Group, Inc., 5.00%, 02/15/2026 |  | 7761000 | 7762068 |
|  Fidelity National Information Services, Inc., 1.15%, 03/01/2026 |  | 2729000 | 2715960 |
|  |  |  | 10478028 |
| **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** |
|  Spirit Airlines, Inc., Series 2015-1, Series 2015-1, 4.10%, 04/01/2028 |  | 4026830 | 3867713 |
|  United Airlines, Inc., 4.38%, 04/15/2026 <sup>(a)</sup> |  | 3000000 | 2998053 |
| United Airlines, Inc., Series A | United Airlines, Inc., Series A | United Airlines, Inc., Series A | United Airlines, Inc., Series A |
| &nbsp;&nbsp; Series 2020-1, 5.88%, 10/15/2027 |  | 1700292 | 1744750 |
| &nbsp;&nbsp; Series A, 4.00%, 04/11/2026 |  | 2787898 | 2787762 |
|  |  |  | 11398278 |
| **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** |
|  Salmar ASA, 5.36% (3 mo. NIBOR + 1.15%), 01/30/2030 | NOK | 40000000 | 3994561 |
| **Finance and Insurance - 9.5%** | **Finance and Insurance - 9.5%** | **Finance and Insurance - 9.5%** | **Finance and Insurance - 9.5%** |
|  American Express Co., 4.77% (SOFR + 0.81%), 07/20/2029 |  | 2000000 | 2002559 |
|  Crown Castle, Inc., 4.45%, 02/15/2026 |  | 4226000 | 4225391 |
|  Ford Motor Credit Co. LLC, 6.95%, 03/06/2026 |  | 5500000 | 5512667 |
| General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. | General Motors Financial Co., Inc. |
| &nbsp;&nbsp; 1.25%, 01/08/2026 |  | 6500000 | 6496864 |
| &nbsp;&nbsp; 5.25%, 03/01/2026 |  | 2500000 | 2502017 |
|  Icahn Enterprises LP, 6.25%, 05/15/2026 |  | 3245000 | 3251803 |
|  National Securities Clearing Corp., 4.35%, 05/20/2027 <sup>(a)</sup> |  | 3000000 | 3025335 |
|  UBS Group AG, 5.71% (1 yr. CMT Rate + 1.55%), 01/12/2027 <sup>(a)</sup> |  | 8455000 | 8458325 |
|  |  |  | 35474961 |
| **Health Care and Social Assistance - 2.4%** | **Health Care and Social Assistance - 2.4%** | **Health Care and Social Assistance - 2.4%** | **Health Care and Social Assistance - 2.4%** |
|  HCA, Inc., 5.25%, 06/15/2026 |  | 9033000 | 9040238 |
| **Holding Companies - 2.7%** | **Holding Companies - 2.7%** | **Holding Companies - 2.7%** | **Holding Companies - 2.7%** |
|  Novedo Holding AB, 8.84% (3 mo. STIBOR + 7.00%), 09/23/2027 | SEK | 31250000 | 3175020 |
|  Stockwik Forvaltning AB, 9.10% (3 mo. STIBOR + 7.25%), 06/26/2029 <sup>(a)</sup> | SEK | 58750000 | 6764243 |
|  |  |  | 9939263 |
| **Information - 10.1%** | **Information - 10.1%** | **Information - 10.1%** | **Information - 10.1%** |
|  AT&T, Inc., 7.13%, 03/15/2026 |  | 7053000 | 7083311 |
|  Calligo UK Ltd., 9.02% (or 9.02% PIK) (3 mo. EURIBOR + 7.00%), 12/29/2028 <sup>(b)</sup> | EUR | 467542 | 71429 |
|  Electronic Arts, Inc., 4.80%, 03/01/2026 |  | 9624000 | 9624512 |
|  GCI LLC, 4.75%, 10/15/2028 <sup>(a)</sup> |  | 4170000 | 4069770 |
| Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. | Global Payments, Inc. |
| &nbsp;&nbsp; 1.20%, 03/01/2026 |  | 4772000 | 4750055 |
| &nbsp;&nbsp; 4.80%, 04/01/2026 |  | 1900000 | 1900450 |
|  Hewlett Packard Enterprise Co., 4.81% (SOFR + 0.96%), 09/15/2028 |  | 2000000 | 2007970 |
|  T-Mobile USA, Inc., 2.25%, 02/15/2026 |  | 8245000 | 8226472 |
|  |  |  | 37733969 |
| **Management of Companies and Enterprises - 1.6%** | **Management of Companies and Enterprises - 1.6%** | **Management of Companies and Enterprises - 1.6%** | **Management of Companies and Enterprises - 1.6%** |
|  Genpact Luxembourg SARL, 1.75%, 04/10/2026 |  | 6069000 | 6029887 |
| **Manufacturing - 21.0%** | **Manufacturing - 21.0%** | **Manufacturing - 21.0%** | **Manufacturing - 21.0%** |
|  Berry Global, Inc., 1.57%, 01/15/2026 |  | 8883000 | 8874238 |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028 |  | 2016000 | 1098720 |
|  Dell International LLC, 4.90%, 10/01/2026 |  | 6167000 | 6196836 |
|  EIDP, Inc., 4.50%, 05/15/2026 |  | 2829000 | 2831644 |
|  Eli Lilly & Co., 5.00%, 02/27/2026 |  | 8832000 | 8832535 |
|  Elkem ASA, 5.78% (3 mo. NIBOR + 1.55%), 08/31/2028 | NOK | 25000000 | 2512823 |
|  Flex Ltd., 3.75%, 02/01/2026 |  | 3850000 | 3846811 |
|  Fortinet, Inc., 1.00%, 03/15/2026 |  | 2999000 | 2979487 |
|  Fortive Corp., 3.15%, 06/15/2026 |  | 4000000 | 3984849 |
|  GE HealthCare Technologies, Inc., 4.15%, 12/15/2028 |  | 1000000 | 1003362 |
|  Graphic Packaging International LLC, 1.51%, 04/15/2026 <sup>(a)</sup> |  | 8000000 | 7928119 |
|  Jabil, Inc., 1.70%, 04/15/2026 |  | 6700000 | 6654389 |
|  Kraft Heinz Foods Co., 3.00%, 06/01/2026 |  | 5696000 | 5671978 |
|  McCormick & Co., Inc., 0.90%, 02/15/2026 |  | 4113000 | 4097253 |
|  NXP BV, 5.35%, 03/01/2026 |  | 3090000 | 3090232 |
|  Sealed Air Corp., 1.57%, 10/15/2026 <sup>(a)</sup> |  | 2271000 | 2223462 |
|  Silgan Holdings, Inc., 1.40%, 04/01/2026 <sup>(a)</sup> |  | 4533000 | 4495163 |
|  Sonoco Products Co., 4.45%, 09/01/2026 |  | 1000000 | 1002274 |
|  Western Digital Corp., 4.75%, 02/15/2026 |  | 1140000 | 1144685 |
|  |  |  | 78468860 |
| **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** | **Other Services (except Public Administration) - 0.4%** |
|  Shutterfly Finance LLC, 9.75%, 10/01/2027 <sup>(a)</sup> |  | 1560000 | 1565866 |
| **Professional, Scientific, and Technical Services - 4.4%** | **Professional, Scientific, and Technical Services - 4.4%** | **Professional, Scientific, and Technical Services - 4.4%** | **Professional, Scientific, and Technical Services - 4.4%** |
|  Marvell Technology, Inc., 1.65%, 04/15/2026 |  | 1300000 | 1291384 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 2.65%, 07/15/2026 |  | 6912000 | 6856849 |
| &nbsp;&nbsp; 2.80%, 04/01/2027 |  | 3556000 | 3487339 |
|  VMware LLC, 1.40%, 08/15/2026 |  | 4692000 | 4624070 |
|  |  |  | 16259642 |
| **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** | **Real Estate and Rental and Leasing - 1.7%** |
|  American Tower Corp., 4.40%, 02/15/2026 |  | 1998000 | 1998498 |
|  Penske Truck Leasing Co., 4.45%, 01/29/2026 <sup>(a)</sup> |  | 2025000 | 2025725 |
|  ReadyCap Holdings LLC, 9.38%, 03/01/2028 <sup>(a)</sup> |  | 2462000 | 2472443 |
|  |  |  | 6496666 |
| **Retail Trade - 1.5%** | **Retail Trade - 1.5%** | **Retail Trade - 1.5%** | **Retail Trade - 1.5%** |
|  CVS Health Corp., 5.00%, 02/20/2026 |  | 5660000 | 5662232 |
| **Transportation and Warehousing - 2.7%** | **Transportation and Warehousing - 2.7%** | **Transportation and Warehousing - 2.7%** | **Transportation and Warehousing - 2.7%** |
|  Hawaiian Holdings, Inc., Series 2013-1, Series 2013-1, 3.90%, 01/15/2026 |  | 10162324 | 10152380 |
| **Utilities - 0.9%** | **Utilities - 0.9%** | **Utilities - 0.9%** | **Utilities - 0.9%** |
|  Eidsiva Energi AS, 2.40%, 10/22/2026 | NOK | 36000000 | 3516968 |
| **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** | **Wholesale Trade - 1.9%** |
|  TD Synnex Corp., 1.75%, 08/09/2026 |  | 7000000 | 6897828 |
| **TOTAL CORPORATE BONDS** (Cost $255,679,762) | **TOTAL CORPORATE BONDS** (Cost $255,679,762) | **TOTAL CORPORATE BONDS** (Cost $255,679,762) | 255888634 |
| **BANK LOANS - 6.6%** | **BANK LOANS - 6.6%** | **Par** | **Value**  |
| **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 |  | 7050366 | 6964245 |
|  Marelli Delayed Draw, 11.75% (1 mo. Term SOFR + 7.75%), 03/09/2026 |  | 642400 | 658993 |
|  Marelli Term Loan, 11.75% (1 mo. Term SOFR + 7.75%), 03/09/2026 |  | 963600 | 988490 |
|  |  |  | 8611728 |
| **Information - 0.5%** | **Information - 0.5%** | **Information - 0.5%** | **Information - 0.5%** |
|  Audacy Capital LLC Exit Loan, 10.83% (1 mo. Term SOFR + 7.00%), 09/30/2029 |  | 1891323 | 1827491 |
| **Real Estate - 2.7%** | **Real Estate - 2.7%** | **Real Estate - 2.7%** | **Real Estate - 2.7%** |
|  CR Landco Austin, LLC, 10.00%, 10/15/2028 <sup>(c)</sup> |  | 10000000 | 10000000 |
| **Real Estate and Rental and Leasing - 1.1%** | **Real Estate and Rental and Leasing - 1.1%** | **Real Estate and Rental and Leasing - 1.1%** | **Real Estate and Rental and Leasing - 1.1%** |
|  Chicago Atlantic Real Estate Finance Term Loan, First Lien, 9.00%, 10/17/2028 |  | 4356000 | 4334220 |
| **TOTAL BANK LOANS** (Cost $24,731,976) | **TOTAL BANK LOANS** (Cost $24,731,976) | **TOTAL BANK LOANS** (Cost $24,731,976) | 24773439 |
| **MORTGAGE-BACKED SECURITIES - 5.7%** | **MORTGAGE-BACKED SECURITIES - 5.7%** | **Par** | **Value**  |
| **Finance and Insurance - 5.7%** | **Finance and Insurance - 5.7%** | **Finance and Insurance - 5.7%** | **Finance and Insurance - 5.7%** |
|  ARES Commercial Mortgage Trust, Series 2024-IND2, Class A, 5.19% (1 mo. Term SOFR + 1.44%), 10/15/2034 <sup>(a)</sup> |  | 5130000 | 5139467 |
| BX Trust, A | BX Trust, A | BX Trust, A | BX Trust, A |
| &nbsp;&nbsp; Series 2024-KING, Class A, 5.29% (1 mo. Term SOFR + 1.54%), 05/15/2034 <sup>(a)</sup> |  | 5625936 | 5632627 |
| &nbsp;&nbsp; Series 2025-LUNR, Class A, 5.25% (1 mo. Term SOFR + 1.50%), 06/15/2040 <sup>(a)</sup> |  | 6258146 | 6275038 |
|  DGWD Trust, A Series 2025-INFL, Class A, 5.35% (1 mo. Term SOFR + 1.60%), 08/15/2035 <sup>(a)</sup> |  | 2481000 | 2493190 |
|  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> |  | 1881704 | 1881815 |
|  |  |  | 21422137 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $21,393,357) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $21,393,357) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $21,393,357) | 21422137 |
| **CONVERTIBLE BONDS - 3.6%** | **CONVERTIBLE BONDS - 3.6%** | **Par** | **Value**  |
| **Information - 1.6%** | **Information - 1.6%** | **Information - 1.6%** | **Information - 1.6%** |
|  Bentley Systems, Inc., 0.13%, 01/15/2026 |  | 5000000 | 4990625 |
|  Leafly Holdings, Inc., 8.00%, 01/15/2026 <sup>(c)</sup> |  | 900000 | 765000 |
|  |  |  | 5755625 |
| **Technology - 2.0%** | **Technology - 2.0%** | **Technology - 2.0%** | **Technology - 2.0%** |
|  Confluent, Inc., 0.00%, 01/15/2027 <sup>(d)</sup> |  | 7700000 | 7495950 |
| **TOTAL CONVERTIBLE BONDS** (Cost $13,392,703) | **TOTAL CONVERTIBLE BONDS** (Cost $13,392,703) | **TOTAL CONVERTIBLE BONDS** (Cost $13,392,703) | 13251575 |
| **ASSET-BACKED SECURITIES - 3.0%** | **ASSET-BACKED SECURITIES - 3.0%** | **Par** | **Value**  |
| **Finance and Insurance - 3.0%** | **Finance and Insurance - 3.0%** | **Finance and Insurance - 3.0%** | **Finance and Insurance - 3.0%** |
|  Alterna Funding LLC, A Series 2024-1A, Class A, 6.26%, 05/16/2039 <sup>(a)</sup> |  | 1529989 | 1534134 |
|  Coinstar Funding LLC, A2 Series 2017-1A, Class A2, 5.22%, 04/25/2047 <sup>(a)</sup> |  | 2719380 | 3110971 |
|  FNA Trust, A Series 2025-1, Class A, 5.62%, 03/15/2045 <sup>(a)(e)</sup> |  | 1966139 | 1983083 |
| RAM LLC, A | RAM LLC, A | RAM LLC, A | RAM LLC, A |
| &nbsp;&nbsp; Series 2024-1, Class A, 6.67%, 02/15/2039 <sup>(a)</sup> |  | 470643 | 470781 |
| &nbsp;&nbsp; Series 2025-1, Class A, 5.45%, 05/15/2040 <sup>(a)</sup> |  | 3976310 | 3998270 |
|  |  |  | 11097239 |
| **Wholesale Trade - 0.0% <sup>(f)</sup>** | **Wholesale Trade - 0.0% <sup>(f)</sup>** | **Wholesale Trade - 0.0% <sup>(f)</sup>** | **Wholesale Trade - 0.0% <sup>(f)</sup>** |
|  PVOne LLC, A Series 2023-1A, Class A, 7.25%, 07/16/2035 <sup>(a)</sup> |  | 233497 | 233688 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $10,620,489) | **TOTAL ASSET-BACKED SECURITIES** (Cost $10,620,489) | **TOTAL ASSET-BACKED SECURITIES** (Cost $10,620,489) | 11330927 |
| **MUNICIPAL BONDS - 2.3%** | **MUNICIPAL BONDS - 2.3%** | **Par** | **Value**  |
| **Missouri - 0.3%** | **Missouri - 0.3%** | **Missouri - 0.3%** | **Missouri - 0.3%** |
|  City of Kansas City, MO, 3.86%, 03/01/2028 <sup>(g)</sup> |  | 1130000 | 1130000 |
| **New York - 0.8%** | **New York - 0.8%** | **New York - 0.8%** | **New York - 0.8%** |
|  New York State Dormitory Authority, 5.38%, 05/01/2035 (Obligor: Pace University) <sup>(g)</sup> |  | 2810000 | 2810000 |
| **Pennsylvania - 1.2%** | **Pennsylvania - 1.2%** | **Pennsylvania - 1.2%** | **Pennsylvania - 1.2%** |
|  Pennsylvania Economic Development Financing Authority, 4.00%, 06/01/2041 (Obligor: Waste Management, Inc.) <sup>(g)(h)</sup> |  | 4640000 | 4643717 |
| **TOTAL MUNICIPAL BONDS** (Cost $8,580,000) | **TOTAL MUNICIPAL BONDS** (Cost $8,580,000) | **TOTAL MUNICIPAL BONDS** (Cost $8,580,000) | 8583717 |
| **COMMON STOCKS - 0.0% <sup>(f)</sup>** |  | **Shares** | **Value**  |
| **Manufacturing - 0.0% <sup>(f)</sup>** | **Manufacturing - 0.0% <sup>(f)</sup>** | **Manufacturing - 0.0% <sup>(f)</sup>** |  |
| Cannabist Co. Holdings, Inc. <sup>(i)</sup> |  | 475193 | 27989 |
| Cannabist Co. Holdings, Inc. <sup>(b)(c)(i)</sup> |  | 475193 | 0 |
| **TOTAL COMMON STOCKS** (Cost $115,778) | **TOTAL COMMON STOCKS** (Cost $115,778) | **TOTAL COMMON STOCKS** (Cost $115,778) | 27989 |
| **WARRANTS - 0.0% <sup>(f)</sup>** |  | **Contracts** | **Value**  |
| **Information *-* 0.0% <sup>(f)</sup>** | **Information *-* 0.0% <sup>(f)</sup>** | **Information *-* 0.0% <sup>(f)</sup>** |  |
| Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $115,000.00 <sup>(b)(i)</sup> |  | 5553 | 0 |
| **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | **TOTAL WARRANTS** (Cost $0) | 0 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **COMMERCIAL PAPER - 4.1%** | **COMMERCIAL PAPER - 4.1%** | **Par** | **Value**  |
| **Communications - 0.8%** |  |  |  |
| TELUS Corp., 4.58%, 02/19/2026 <sup>(a)(j)</sup> |  | 3000000 | 2981819 |
| **Consumer Staples - 1.8%** |  |  |  |
| Dollarama, Inc., 4.28%, 01/28/2026 <sup>(a)(j)</sup> |  | 6806000 | 6784729 |
| **Materials - 1.5%** |  |  |  |
| International Flavors & Fragrances, Inc., 4.16%, 01/23/2026 <sup>(a)(j)</sup> |  | 5916000 | 5901442 |
| **TOTAL COMMERCIAL PAPER** (Cost $15,667,700) | **TOTAL COMMERCIAL PAPER** (Cost $15,667,700) | **TOTAL COMMERCIAL PAPER** (Cost $15,667,700) | 15667990 |
| **MONEY MARKET FUNDS - 3.9%** | **MONEY MARKET FUNDS - 3.9%** | **Shares** | **Value**  |
| First American Treasury Obligations Fund - Class X, 3.68% <sup>(k)</sup> |  | 14436674 | 14436674 |
| **TOTAL MONEY MARKET FUNDS** (Cost $14,436,674) | **TOTAL MONEY MARKET FUNDS** (Cost $14,436,674) | **TOTAL MONEY MARKET FUNDS** (Cost $14,436,674) | 14436674 |
| **U.S. TREASURY BILLS - 1.6%** | **U.S. TREASURY BILLS - 1.6%** | **Par** | **Value**  |
| 4.20%, 01/08/2026 <sup>(j)</sup> |  | 6000000 | 5996526 |
| **TOTAL U.S. TREASURY BILLS** (Cost $5,995,199) | **TOTAL U.S. TREASURY BILLS** (Cost $5,995,199) | **TOTAL U.S. TREASURY BILLS** (Cost $5,995,199) | 5996526 |
| **TOTAL INVESTMENTS - 99.3% (**Cost $370,613,638**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $370,613,638**)** | **TOTAL INVESTMENTS - 99.3% (**Cost $370,613,638**)** | 371379608 |
| Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | Other Assets in Excess of Liabilities - 0.7% | 2473275 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $373852883 |
| 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. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| CMT - Constant Maturity Treasury |
| EURIBOR - Euro Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| NIBOR - Norway Interbank Offered Rate |
| PIK - Payment in Kind |
| SOFR - Secured Overnight Financing Rate |
| STIBOR - Stockholm Interbank Offered Rate |
| EUR - Euro |
| NOK - Norwegian Krone |
| SEK - Swedish Krona<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 $97,226,565 or 26.0% of the Fund's net assets.

(b) Security is currently in default.

(c) 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
 $10,765,000 or 2.9% of net assets as of December 31, 2025.

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

(e) Coupon rate is variable based on the weighted average coupon of the underlying collateral. To the extent the weighted average coupon of the underlying assets which comprise the collateral increases or decreases, the
 coupon rate of this security will increase or decrease correspondingly. The rate disclosed is as of December 31, 2025.

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

(g) Coupon rate may be variable or floating based on components other than reference rate and spread. These securities may not indicate a reference rate and/or spread in their description. The rate disclosed is as of
 December 31, 2025.

(h) Security subject to the Alternative Minimum Tax ("AMT"). As of December 31, 2025, the total value of securities subject to the AMT was $4,643,717 or 1.2% of net assets.

(i) Non-income producing security.

(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.

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration Fund** | **CrossingBridge Ultra-Short Duration 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 | USD | 95171 | EUR | 82000 | $(1266) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 9535512 | NOK | 96185000 | (7645) |
| U.S. Bancorp Investments, Inc. | 01/15/2026 | USD | 9750981 | SEK | 91985000 | (248399) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(257310) |
| 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)
CrossingBridge Ultra-Short Duration 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 | $– | $255888634 | $– | $255888634 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 14773439 | 10000000 | 24773439 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 21422137 | – | 21422137 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 12486575 | 765000 | 13251575 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 11330927 | – | 11330927 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 8583717 | – | 8583717 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 27989 | – | 0 | 27989 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | 0 | – | – | 0 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | – | 15667990 | – | 15667990 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 14436674 | – | – | 14436674 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 5996526 | – | 5996526 |
| Total Investments | $14464663 | $346149945 | $10765000 | $371379608 |
| **Liabilities:** |  |  |  |  |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forward Currency Contracts\* | $– | $(257310) | $– | $(257310) |
| Total Other Financial Instruments | $– | $(257310) | $– | $(257310) |
| \* 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>CrossingBridge Ultra-Short Duration Fund</u>** | **<u>Bank Loans</u>** | **<u>Convertible Bonds</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u> </u>** |
| Beginning Balance - October 1, 2025 | $| $| 778600 | $| 0 |  |
| Purchases |  |  | - |  | - |  |
| Sales |  |  | (16000) |  | - |  |
| Realized gains |  |  | - |  | - |  |
| Realized losses |  |  | - |  | - |  |
| Corporate Actions |  |  | - |  | (57889) |  |
| Accretion of discount/(amortization of premium) |  |  | - |  | - |  |
| Change in unrealized appreciation/(depreciation) |  |  | 2400 |  | 57889 |  |
| Transfer in/(out) of Level 3 |  |  | - |  | - |  |
| Ending Balance - December 31, 2025 | $| $| 765000 | $| 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>Bank Loans</u>** | **<u>Convertible Bonds</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** |  |
|  | $| $| 2400 | $| - |  |
| 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: |  |  |  |  |  |  |
| **<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: |
| 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 |
| 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 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: |  |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **CrossingBridge Ultra-Short Duration Fund**<br> **** <br>|  |  |  |  |  |  |
| **Descriptions** | **Fair Value**<br> **December 31, 2025** | **Valuation Techniques** | **Unobservable Input** | **Range** | **Weighted Average**<br> **Unobservable Input <sup>(1)</sup>** | **Impact to Valuation from**<br> **an Increase in Input <sup>(2)</sup>** |
| Bank Loans | $10000000 | Market Approach | Transaction price | $100.00 | $100.00 | Increase |
| Convertible Bonds | $765000 | Market Approach | Recoverable value | $85.00 | $85.00 | Increase |
| Common Stocks | $0 | Market Approach | Discount | 100.00% | 100.00% | Decrease |

---

---

| |
|:---|
| <sup>(1)</sup> Weighted average by relative fair value of the investments in that asset class. |
| <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:** CrossingBridge Ultra-Short Duration Fund

- **b. EDGAR series identifier (if any):** S000071657

- **c. LEI of Series:** 549300R61LS78Q2C7O40

**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:** $375313059.42

**Total Liabilities:** $2791816.62

**Net Assets:** $372521242.80

**Cash Not Reported:** $198376.20

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 4140.178837000000 | **1-Year:** 3714.561499000000 | **5-Year:** 796.550855000000 | **10-Year:** 0.000000000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 3583.163067000000 | **1-Year:** 4710.866478000000 | **5-Year:** 3030.759564000000 | **10-Year:** 344.320101000000 | **30-Year:** 4.777395000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000227080 | 0.20%                | 0.33%                | 0.66%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $30061.22                | $-1240889.72                               |
| Month 2  | $374929.79               | $-210567.94                                |
| Month 3  | $56989.47                | $1258554.63                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AMERICAN EXPRESS CO            | American Express Co                                           | CUSIP: 025816EL9<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2002559.10   | 0.54%             | 2029-07-20      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| AMERICAN TOWER CORP            | American Tower Corp                                           | CUSIP: 03027XAJ9<br>LEI: 5493006ORUSIL88JOE18 | Long             | DBT              | CORP              | US        |   1998000 | PA      | $1998497.52   | 0.54%             | 2026-02-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| ARES Commercial Mortgage Trust | ARES1 2024-IND2                                               | CUSIP: 04021EAA4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5130000 | PA      | $5139466.90   | 1.38%             | 2034-10-15      | Floating      | 5.19%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Commercial Mortgage Trust 2024-KING                        | CUSIP: 05612RAA7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   5625936 | PA      | $5632626.55   | 1.51%             | 2034-05-15      | Floating      | 5.29%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN          | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3245000 | PA      | $3251802.49   | 0.87%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| SILGAN HOLDINGS INC            | Silgan Holdings Inc                                           | CUSIP: 827048AX7<br>LEI: KAF673KJXD92C8KSLU49 | Long             | DBT              | CORP              | US        |   4533000 | PA      | $4495162.69   | 1.21%             | 2026-04-01      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| SONOCO PRODUCTS CO             | Sonoco Products Co                                            | CUSIP: 835495AQ5<br>LEI: GKOMIK4RDJGHEF0VNP11 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1002273.61   | 0.27%             | 2026-09-01      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                              | CUSIP: 87264ABR5<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   8245000 | PA      | $8226471.42   | 2.21%             | 2026-02-15      | Fixed         | 2.25%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                   | CUSIP: 68389XBM6<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   6912000 | PA      | $6856848.74   | 1.84%             | 2026-07-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| N/A                            | EUR/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-1265.42     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                           | CUSIP: 37940XAE2<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   4772000 | PA      | $4750055.29   | 1.28%             | 2026-03-01      | Fixed         | 1.20%                 | No            |                  2 | 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        |   1881704 | PA      | $1881814.97   | 0.51%             | 2038-04-15      | Floating      | 4.92%                 | No            |                  2 | On Loan: No      |
| BENTLEY SYSTEMS INC            | Bentley Systems Inc                                           | CUSIP: 08265TAB5<br>LEI: 549300WVEHPGE0Z56F71 | Long             | DBT              | CORP              | US        |   5000000 | PA      | $4990625.00   | 1.34%             | 2026-01-15      | Fixed         | 0.12%                 | No            |                  2 | On Loan: No      |
| DOLLARAMA INC.                 | Dollarama Inc                                                 | CUSIP: 25675MAU6<br>LEI: 5493002GJ0NJP1HI0C79 | Long             | STIV             | CORP              | CA        |   6806000 | PA      | $6784728.53   | 1.82%             | 2026-01-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| FORTINET INC                   | Fortinet Inc                                                  | CUSIP: 34959EAA7<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   2999000 | PA      | $2979487.34   | 0.80%             | 2026-03-15      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| INTL FLAVORS & FRAGRANCE       | International Flavors & Fragrances Inc                        | CUSIP: 4595A3AP2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | STIV             | CORP              | US        |   5916000 | PA      | $5901441.91   | 1.58%             | 2026-01-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Marelli T/L (6/25)             | Marelli T/L (6/25)                                            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    963600 | PA      | $988489.79    | 0.27%             | 2026-03-13      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| Cannabist Co Holdings Inc/The  | Cannabist Co Holdings Inc/The                                 | CUSIP: 13765Y103<br>LEI: 9845007B45659F4F4F75 | Long             | EC               | CORP              | US        |    475193 | NS      | $27988.87     | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CANNABIST CO HLDGS INC COM     | CANNABIST CO HLDGS INC COM                                    | CUSIP: 13765Y509<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    475193 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| Coinstar Funding, LLC          | Coinstar Funding LLC Series 2017-1                            | CUSIP: 19260MAA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   2719380 | PA      | $3110970.72   | 0.84%             | 2047-04-25      | Fixed         | 5.22%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORP                   | Bally's Corp                                                  | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   7050366 | PA      | $6964245.39   | 1.87%             | 2028-10-02      | Floating      | 7.37%                 | No            |                  2 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                      | CUSIP: 00206RGH9<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   7053000 | PA      | $7083310.83   | 1.90%             | 2026-03-15      | Fixed         | 7.12%                 | No            |                  2 | On Loan: No      |
| Alterna Funding LLC            | Alterna Funding III LLC                                       | CUSIP: 02157JAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1529989 | PA      | $1534134.08   | 0.41%             | 2039-05-16      | Fixed         | 6.26%                 | No            |                  2 | On Loan: No      |
| BERRY GLOBAL INC               | Berry Global Inc                                              | CUSIP: 08576PAH4<br>LEI: 549300AP2Q7ERHX6RI89 | Long             | DBT              | CORP              | US        |   8883000 | PA      | $8874237.81   | 2.38%             | 2026-01-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INC               | Crown Castle Inc                                              | CUSIP: 22822VAB7<br>LEI: 54930012H97VSM0I2R19 | Long             | DBT              | CORP              | US        |   4226000 | PA      | $4225390.65   | 1.13%             | 2026-02-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| SEALED AIR CORP                | Sealed Air Corp                                               | CUSIP: 81211KAZ3<br>LEI: Q0M0CZB4YN6JZ65WXI09 | Long             | DBT              | CORP              | US        |   2271000 | PA      | $2223461.72   | 0.60%             | 2026-10-15      | Fixed         | 1.57%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-1 A PTT        | United Airlines 2014-1 Class A Pass Through Trust             | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2787898 | PA      | $2787761.59   | 0.75%             | 2026-04-11      | Fixed         | 4.00%                 | 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        |  10162324 | PA      | $10152380.05  | 2.73%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| GLOBAL PAYMENTS INC            | Global Payments Inc                                           | CUSIP: 891906AC3<br>LEI: 549300NOMHGVQBX6S778 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1900449.56   | 0.51%             | 2026-04-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB             | Novedo Holding AB                                             | CUSIP: YV5581777<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |  31250000 | PA      | $3175019.89   | 0.85%             | 2027-09-23      | Floating      | 8.84%                 | No            |                  2 | On Loan: No      |
| Marelli 6/25 Delayed/Draw      | Marelli 6/25 Delayed/Draw                                     | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    642400 | PA      | $658993.19    | 0.18%             | 2026-03-13      | Floating      | 12.31%                | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                            | CUSIP: 649907JJ2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |   2810000 | PA      | $2810000.00   | 0.75%             | 2035-05-01      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| TELUS CORP                     | TELUS Corp                                                    | CUSIP: 87974WBK3<br>LEI: 894500WE70KKZRQMBU11 | Long             | STIV             | CORP              | CA        |   3000000 | PA      | $2981819.40   | 0.80%             | 2026-02-19      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| UBS GROUP AG                   | UBS Group AG                                                  | CUSIP: 902613AU2<br>LEI: 549300SZJ9VS8SGXAN81 | Long             | DBT              | CORP              | CH        |   8455000 | PA      | $8458324.93   | 2.27%             | 2027-01-12      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| DGWD Trust                     | DGWD Trust 2025-INFL                                          | CUSIP: 23347FAA8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2481000 | PA      | $2493189.90   | 0.67%             | 2035-08-15      | Floating      | 5.35%                 | No            |                  2 | On Loan: No      |
| EXPEDIA GROUP INC              | Expedia Group Inc                                             | CUSIP: 30212PAM7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7761000 | PA      | $7762068.38   | 2.08%             | 2026-02-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| FIDELITY NATL INFO SERV        | Fidelity National Information Services Inc                    | CUSIP: 31620MBR6<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | DBT              | CORP              | US        |   2729000 | PA      | $2715959.61   | 0.73%             | 2026-03-01      | Fixed         | 1.15%                 | No            |                  2 | On Loan: No      |
| FORTIVE CORPORATION            | Fortive Corp                                                  | CUSIP: 34959JAG3<br>LEI: 549300MU9YQJYHDQEF63 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3984848.96   | 1.07%             | 2026-06-15      | Fixed         | 3.15%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                               | CUSIP: 37045XBG0<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2502017.25   | 0.67%             | 2026-03-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HCA INC                        | HCA Inc                                                       | CUSIP: 404119BT5<br>LEI: L3CJ6J7LJ2DX62FTXD46 | Long             | DBT              | CORP              | US        |   9033000 | PA      | $9040238.05   | 2.43%             | 2026-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HP ENTERPRISE CO               | Hewlett Packard Enterprise Co                                 | CUSIP: 42824CBY4<br>LEI: 549300BX44RGX6ANDV88 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2007969.88   | 0.54%             | 2028-09-15      | Floating      | 5.10%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                   | CUSIP: 68389XBU8<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3556000 | PA      | $3487339.37   | 0.94%             | 2027-04-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                   | CUSIP: 912797RH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   6000000 | PA      | $5996526.66   | 1.61%             | 2026-01-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| ELKEM ASA                      | Elkem ASA                                                     | CUSIP: ZI5662229<br>LEI: 549300CVBE06T0SH6T76 | Long             | DBT              | CORP              | NO        |  25000000 | PA      | $2512823.41   | 0.67%             | 2028-08-31      | Floating      | 5.78%                 | No            |                  2 | On Loan: No      |
| N/A                            | NOK/USD FWD 20260115                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-7645.24     | -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      | $-248399.17   | -0.07%            |  |  |  | No            |                  2 | On Loan: No      |
| FLEX LTD                       | Flex Ltd                                                      | CUSIP: 33938XAC9<br>LEI: 549300EAQH74YHD07T53 | Long             | DBT              | CORP              | SG        |   3850000 | PA      | $3846811.35   | 1.03%             | 2026-02-01      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| GRUBHUB HOLDINGS INC           | GrubHub Holdings Inc                                          | CUSIP: 40010PAC2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3393145 | PA      | $2779007.27   | 0.75%             | 2030-07-31      | Fixed         | 13.00%                | No            |                  2 | On Loan: No      |
| JABIL INC                      | Jabil Inc                                                     | CUSIP: 466313AL7<br>LEI: 5493000CGCQY2OQU7669 | Long             | DBT              | CORP              | US        |   6700000 | PA      | $6654388.68   | 1.79%             | 2026-04-15      | Fixed         | 1.70%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC            | Leafly Holdings Inc                                           | CUSIP: 58953MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    900000 | PA      | $765000.00    | 0.21%             | 2026-01-15      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| PENNSYLVANIA ST ECON DEV FING  | Pennsylvania Economic Development Financing Authority         | CUSIP: 708692BT4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   4640000 | PA      | $4643716.64   | 1.25%             | 2041-06-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| SPIRIT AIR 2015-1 PTT A        | Spirit Airlines Pass Through Trust 2015-1A                    | CUSIP: 84858DAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   4026830 | PA      | $3867713.19   | 1.04%             | 2028-04-01      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| VMWARE LLC                     | VMware LLC                                                    | CUSIP: 928563AJ4<br>LEI: 549300BUDHS3LRWBE814 | Long             | DBT              | CORP              | US        |   4692000 | PA      | $4624069.60   | 1.24%             | 2026-08-15      | Fixed         | 1.40%                 | No            |                  2 | On Loan: No      |
| CHICAGO ATLANTIC REAL ES       | Chicago Atlantic Real Estate Finance Inc                      | CUSIP: 16723TAA6<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4356000 | PA      | $4334220.00   | 1.16%             | 2028-10-18      | Floating      | 9.00%                 | No            |                  2 | On Loan: No      |
| BX Trust                       | BX Trust 2025-LUNR                                            | CUSIP: 05594CAA2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6258146 | PA      | $6275038.10   | 1.68%             | 2040-06-15      | Floating      | 5.25%                 | No            |                  2 | On Loan: No      |
| ELECTRONIC ARTS INC            | Electronic Arts Inc                                           | CUSIP: 285512AD1<br>LEI: 549300O7A67PUEYKDL45 | Long             | DBT              | CORP              | US        |   9624000 | PA      | $9624512.29   | 2.58%             | 2026-03-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| GCI LLC                        | GCI LLC                                                       | CUSIP: 36166TAB6<br>LEI: 549300N3IE9H88Q20221 | Long             | DBT              | CORP              | US        |   4170000 | PA      | $4069770.30   | 1.09%             | 2028-10-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| CR Landco Austin, LLC          | CR Landco Austin, LLC                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |  10000000 | PA      | $10000000.00  | 2.68%             | 2028-10-15      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| EIDP INC                       | EIDP Inc                                                      | CUSIP: 263534CQ0<br>LEI: GLU7INWNWH88J9XBXD45 | Long             | DBT              | CORP              | US        |   2829000 | PA      | $2831644.38   | 0.76%             | 2026-05-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| ELI LILLY & CO                 | Eli Lilly & Co                                                | CUSIP: 532457CE6<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | DBT              | CORP              | US        |   8832000 | PA      | $8832535.13   | 2.37%             | 2026-02-27      | Fixed         | 5.00%                 | 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        |   1891323 | PA      | $1827490.69   | 0.49%             | 2028-09-30      | Floating      | 11.80%                | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                               | CUSIP: 126650DS6<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   5660000 | PA      | $5662232.19   | 1.52%             | 2026-02-20      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CANNABIST CO HLDGS INC         | Cannabist Co Holdings Inc/The                                 | CUSIP: 13766HAA7<br>LEI: 9845007B45659F4F4F75 | Long             | DBT              | CORP              | CA        |   2016000 | PA      | $1098720.00   | 0.29%             | 2028-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| CONFLUENT INC                  | Confluent Inc                                                 | CUSIP: 20717MAB9<br>LEI: 254900MRZ83YWUV7SN74 | Long             | DBT              | CORP              | US        |   7700000 | PA      | $7495950.00   | 2.01%             | 2027-01-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| DELL INT LLC / EMC CORP        | Dell International LLC / EMC Corp                             | CUSIP: 24703TAE6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   6167000 | PA      | $6196835.88   | 1.66%             | 2026-10-01      | Fixed         | 4.90%                 | No            |                  2 | On Loan: No      |
| FNA Trust                      | FNA 8 LLC                                                     | CUSIP: 30340WAA3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   1966139 | PA      | $1983082.83   | 0.53%             | 2045-03-15      | Variable      | 5.62%                 | No            |                  2 | On Loan: No      |
| FORD MOTOR CREDIT CO LLC       | Ford Motor Credit Co LLC                                      | CUSIP: 345397C43<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   5500000 | PA      | $5512667.33   | 1.48%             | 2026-03-06      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| GE HEALTHCARE TECH INC         | GE HealthCare Technologies Inc                                | CUSIP: 36266GAD9<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003361.68   | 0.27%             | 2028-12-15      | Fixed         | 4.15%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                               | CUSIP: 37045XDD5<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |   6500000 | PA      | $6496864.34   | 1.74%             | 2026-01-08      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| GEN LUX SARL/GEN USA INC       | Genpact Luxembourg SARL/Genpact USA Inc                       | CUSIP: 37190AAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | LU        |   6069000 | PA      | $6029886.93   | 1.62%             | 2026-04-10      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| GRAPHIC PACKAGING INTERN       | Graphic Packaging International LLC                           | CUSIP: 38869PAP9<br>LEI: SO75N4VY5NXGQSK8YQ65 | Long             | DBT              | CORP              | US        |   8000000 | PA      | $7928119.20   | 2.13%             | 2026-04-15      | Fixed         | 1.51%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC            | Leafly Holdings Inc                                           | CUSIP: 52178J113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |      5553 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                 | CUSIP: 709599BE3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   2025000 | PA      | $2025725.46   | 0.54%             | 2026-01-29      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| RAM LLC                        | RAM 2025-1 LLC                                                | CUSIP: 748950AA0<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |   3976310 | PA      | $3998270.05   | 1.07%             | 2040-05-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| READYCAP HOLDINGS LLC          | ReadyCap Holdings LLC                                         | CUSIP: 755763AE9<br>LEI: 549300W908MAGNC9E420 | Long             | DBT              | CORP              | US        |   2462000 | PA      | $2472443.24   | 0.66%             | 2028-03-01      | Fixed         | 9.38%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2020-1 A PTT        | United Airlines 2020-1 Class A Pass Through Trust             | CUSIP: 90931GAA7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1700292 | PA      | $1744750.37   | 0.47%             | 2027-10-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP           | Western Digital Corp                                          | CUSIP: 958102AM7<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   1140000 | PA      | $1144685.40   | 0.31%             | 2026-02-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| EIDSIVA ENERGI AS              | Eidsiva Energi AS                                             | CUSIP: ZQ1158711<br>LEI: 5967007LIEEXZXJJIO72 | Long             | DBT              | CORP              | NO        |  36000000 | PA      | $3516968.21   | 0.94%             | 2026-10-22      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| CALLIGO UK LTD                 | Calligo UK Ltd                                                | CUSIP: BT0607353<br>LEI: 549300ZTMDJ5UKV05P96 | Long             | DBT              | CORP              | GB        |    467542 | PA      | $71429.11     | 0.02%             | 2028-12-29      | Fixed         | 9.02%                 | No            |                  2 | On Loan: No      |
| SALMAR ASA                     | Salmar ASA                                                    | CUSIP: YS8270128<br>LEI: 5967007LIEEXZXGDBK67 | Long             | DBT              | CORP              | NO        |  40000000 | PA      | $3994561.51   | 1.07%             | 2030-01-30      | Floating      | 5.36%                 | No            |                  2 | On Loan: No      |
| STOCKWIK FORVALTNING           | Stockwik Forvaltning AB                                       | CUSIP: YN3342642<br>LEI: 213800X1259MBEKD5H24 | Long             | DBT              | CORP              | SE        |  58750000 | PA      | $6764242.65   | 1.82%             | 2029-06-26      | Floating      | 9.10%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obliga | First American Treasury Obligations Fund                      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  14436674 | NS      | $14436674.00  | 3.88%             |  |  |  | No            |                  1 | On Loan: No      |
| KRAFT HEINZ FOODS CO           | Kraft Heinz Foods Co                                          | CUSIP: 50077LAD8<br>LEI: 5493003STKEZ2S0RNU91 | Long             | DBT              | CORP              | US        |   5696000 | PA      | $5671977.86   | 1.52%             | 2026-06-01      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| MARVELL TECHNOLOGY INC         | Marvell Technology Inc                                        | CUSIP: 573874AC8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1300000 | PA      | $1291384.33   | 0.35%             | 2026-04-15      | Fixed         | 1.65%                 | No            |                  2 | On Loan: No      |
| MCCORMICK & CO                 | McCormick & Co Inc/MD                                         | CUSIP: 579780AR8<br>LEI: 549300JQQA6MQ4OJP259 | Long             | DBT              | CORP              | US        |   4113000 | PA      | $4097253.38   | 1.10%             | 2026-02-15      | Fixed         | 0.90%                 | No            |                  2 | On Loan: No      |
| NXP BV/NXP FUNDING LLC         | NXP BV / NXP Funding LLC                                      | CUSIP: 62947QBB3<br>LEI: N/A                  | Long             | DBT              | CORP              | NL        |   3090000 | PA      | $3090231.84   | 0.83%             | 2026-03-01      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| NATIONAL SECS CLEARING         | National Securities Clearing Corp                             | CUSIP: 637639AN5<br>LEI: 549300RYC9NELN2ICA34 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3025335.36   | 0.81%             | 2027-05-20      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PVOne LLC                      | PVOne 2023-1 LLC                                              | CUSIP: 693696AA4<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    233497 | PA      | $233688.28    | 0.06%             | 2035-07-16      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| RAM LLC                        | RAM 2024-1 LLC                                                | CUSIP: 751313AA5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    470643 | PA      | $470781.40    | 0.13%             | 2039-02-15      | Fixed         | 6.67%                 | No            |                  2 | On Loan: No      |
| KANSAS CITY MO SPL OBLG        | City of Kansas City MO                                        | CUSIP: 485106CW6<br>LEI: 549300EGAE3I3XU7XE19 | Long             | DBT              | MUN               | US        |   1130000 | PA      | $1130000.00   | 0.30%             | 2028-03-01      | Variable      | 3.86%                 | No            |                  2 | On Loan: No      |
| SHUTTERFLY FINANCE LLC         | Shutterfly Finance LLC                                        | CUSIP: 82568NAE1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1560000 | PA      | $1565865.60   | 0.42%             | 2027-10-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| TD SYNNEX CORP                 | TD SYNNEX Corp                                                | CUSIP: 87162WAF7<br>LEI: 5493004HI6PFLF46NS53 | Long             | DBT              | CORP              | US        |   7000000 | PA      | $6897827.72   | 1.85%             | 2026-08-09      | Fixed         | 1.75%                 | No            |                  2 | On Loan: No      |
| UNITED AIRLINES INC            | United Airlines Inc                                           | CUSIP: 90932LAG2<br>LEI: K1OQBWM7XEOO08LDNP29 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2998052.40   | 0.80%             | 2026-04-15      | Fixed         | 4.38%                 | 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