# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0001145549-23-004686
**Filing Date:** 2023-1
**Character Count:** 64473
**Document Hash:** df8f82e2d21ba794d0dcc309b4c594dc
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-23-004686.hdr.sgml**: 20230130

**ACCESSION NUMBER**: 0001145549-23-004686

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20221130

**FILED AS OF DATE**: 20230130

**DATE AS OF CHANGE**: 20230130

**PERIOD START**: 20230831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Managed Portfolio Series
- **CENTRAL INDEX KEY:** 0001511699
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 23568433

**BUSINESS ADDRESS:**
- **STREET 1:** 615 EAST MICHIGAN STREET
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53202
- **BUSINESS PHONE:** 414-287-3700

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

## Series and Classes Contracts Data

### Principal Street Short Term Municipal Fund (Series ID: S000076128)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000235587 | Investor Class      | PSTEX           |
| C000235589 | Institutional Class | PSTYX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Principal Street Short Term Municipal Fund** | **Principal Street Short Term Municipal Fund** | |
| **Schedule of Investments** | **Schedule of Investments** | |
| **November 30, 2022 (Unaudited)** | **November 30, 2022 (Unaudited)** | |
| **Description** | **Par** | **Value** |
| **MUNICIPAL BONDS - 96.6%** | | |
| **ALABAMA - 4.3%** | | |
| Black Belt Energy Gas District No. 7, Series C-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/2052 | $250000 | $247584 |
| Black Belt Energy Gas District, Series F |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/2025 | 1000000 | 1028902 |
| Russell County Public Building Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 01/01/2033 | 425000 | 425600 |
|  |  | **1702086** |
| **ARIZONA - 5.8%** |  |  |
| County of Pima |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/2024 | 205000 | 205240 |
| Pima Country Industrial Development Authority, Series B-3 (a) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: La Posada Park Centre) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 11/15/2029 | 500000 | 500842 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: La Posada Park Centre) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.625%, 11/15/2030 | 500000 | 502611 |
| Maricopa County Industrial Development Authority, Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/2029 (a) | 1000000 | 967888 |
| Maricopa County Union High School District No 210-Phoenix, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/2026 | 150000 | 150162 |
|  |  | **2326743** |
| **CALIFORNIA - 2.4%** |  |  |
| California Municipal Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/2029 (b) | 100000 | 97060 |
| California School Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Hawking STEAM Charter Schools) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2025 (a) | 400000 | 407931 |
| Palomar Community College District, Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 08/01/2029 (c) | 100000 | 79632 |
| San Diego Association of Governments, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/2023 | 255000 | 255380 |
| San Ysidro School District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/01/2029 | 130000 | 130116 |
|  |  | **970119** |
| **COLORADO - 1.2%** |  |  |
| Denver City & County Airport Revenue, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/2032 (b) | 300000 | 318568 |
| Denver City & County Airport Revenue, Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.125%, 11/15/2025 | 135000 | 144891 |
|  |  | **463459** |
| **DISTRICT OF COLUMBIA - 4.4%** |  |  |
| District of Columbia Housing Finance Agency, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Tyler House Association 2012) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.450%, 06/15/2031 | 700000 | 701219 |
| Metropolitan Washington Airports Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2027 (b) | 1000000 | 1068354 |
|  |  | **1769573** |
| **FLORIDA - 2.7%** |  |  |
| City of Tallahassee |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2030 | 100000 | 100000 |
| County of Miami-Dade Aviation Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2030 (b) | 500000 | 511380 |
| Miami-Dade County Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Pinecrest Academy) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/15/2024 | 350000 | 354681 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Academir Charter Schools) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.750%, 07/01/2029 | 100000 | 96409 |
|  |  | **1062470** |
| **GEORGIA - 1.0%** |  |  |
| Augusta Water & Sewer Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 10/01/2031 | 80000 | 80039 |
| County of DeKalb Water & Sewerage Revenue, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/2036 | 200000 | 200280 |
| Glynn-Brunswick Memorial Hospital Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Southeast Georiga Health System) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/01/2026 | 125000 | 129004 |
|  |  | **409323** |
| **ILLINOIS - 5.8%** |  |  |
| Chicago Board of Education |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/01/2023 | 135000 | 136318 |
| Chicago O'Hare International Airport, Series B (b) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 01/01/2027 | 250000 | 251587 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/2031 | 240000 | 241528 |
| City of Chicago Wastewater Transmission Revenue |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/2025 | 125000 | 125179 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/2030 | 100000 | 100149 |
| Illinois Finance Authority, Series B-2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Plymouth Place) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/2027 | 500000 | 502040 |
| Sales Tax Securitization Corp., Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/2030 | 200000 | 217848 |
| State of Illinois |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 11/01/2026 | 350000 | 368125 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/2029 | 200000 | 201367 |
| State of Illinois, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/2032 | 190000 | 187225 |
|  |  | **2331366** |
| **INDIANA - 5.4%** |  |  |
| Indiana Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Fulcrum Centerpoint LLC) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/15/2046 (b) | 1000000 | 1001748 |
| Perry Township Schools Marion County, Series C |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/15/2024 | 555000 | 561911 |
| University Of Southern Indiana Foundation |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 10/01/2024 | 575000 | 576228 |
|  |  | **2139887** |
| **IOWA - 0.5%** |  |  |
| PEFA, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/2049 | 200000 | **204921** |
| **KANSAS - 0.6%** |  |  |
| City of Topeka, Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Congregational Home) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.125%, 12/01/2026 | 250000 | **250090** |
| **MASSACHUSETTS - 0.3%** |  |  |
| Town of North Reading |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/2030 | 120000 | **120217** |
| **MICHIGAN - 0.7%** |  |  |
| Healthsource Saginaw, Inc. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/2027 | 80000 | 80074 |
| Michigan Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Henry Ford Health System) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/2027 | 105000 | 111757 |
| Michigan Finance Authority, Series MI-2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Trinity Health Corp.) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/2044 | 100000 | 104001 |
|  |  | **295832** |
| **MISSISSIPPI - 9.0%** |  |  |
| City of Natchez |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 09/01/2025 | 545000 | 560325 |
| Mississippi Hospital Equipment & Facilities Authority, Series II |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: North Mississippi Medical Center) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2040 | 150000 | 156821 |
| State of Mississippi Gaming Tax Revenue, Series E |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/2027 | 1345000 | 1414187 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/15/2031 | 1410000 | 1479387 |
|  |  | **3610720** |
| **MISSOURI - 2.6%** |  |  |
| Health & Educational Facilities Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Lutheran Senior Services) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 02/01/2035 | 150000 | 149854 |
| Kirkwood Industrial Development Authority, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Ashfield Active Living) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/15/2023 | 880000 | 878317 |
|  |  | **1028171** |
| **NEW JERSEY - 3.3%** |  |  |
| New Jersey Housing & Mortgage Finance Agency, Series I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/01/2033 | 795000 | 802933 |
| New Jersey Transportation Trust Fund Authority, Series AA |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 06/15/2028 | 475000 | 498287 |
|  |  | **1301220** |
| **NEW MEXICO - 1.0%** |  |  |
| County of Dona Ana |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 05/01/2028 | 395000 | **395440** |
| **NEW YORK - 10.0%** |  |  |
| City of Hudson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 04/15/2028 | 95000 | 95089 |
| Metropolitan Transportation Authority, Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/2028 | 125000 | 123440 |
| Metropolitan Transportation Authority, Series C-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/2030 | 1000000 | 1023785 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 11/15/2030 | 100000 | 102902 |
| New York State Dormitory Authority, Series 2015B-B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 03/15/2032 | 300000 | 317408 |
| New York State Dormitory Authority, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: St John's University) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/2033 | 100000 | 101849 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: The New School) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2029 | 450000 | 471328 |
| Port Authority of New York & New Jersey, Series 223 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/15/2027 (b) | 1320000 | 1404373 |
| Westchester County Local Development Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Westchester County Health) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/01/2030 | 350000 | 357298 |
|  |  | **3997472** |
| **NORTH CAROLINA - 0.3%** |  |  |
| North Carolina Capital Facilities Finance Agency, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Arc of North Carolina) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2027 | 100000 | **104189** |
| **NORTH DAKOTA - 0.3%** |  |  |
| Jamestown Park District Sales Tax Revenue, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 07/01/2028 | 140000 | **141269** |
| **OKLAHOMA - 0.6%** |  |  |
| Tulsa County Industrial Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Montereau Obligated Group) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 11/15/2023 | 230000 | **231397** |
| **OREGON - 0.3%** |  |  |
| Klamath Falls Intercommunity Hospital Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Sky Lakes Medical Center) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/2031 | 130000 | **130014** |
| **PENNSYLVANIA - 2.5%** |  |  |
| Lycoming County Authority, Series S2 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Lycoming College) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 11/01/2035 | 500000 | 500000 |
| Montgomery County Industrial Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/2025 | 230000 | 236304 |
| Montgomery County Higher Education and Health Authority, Series UU1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Gwynedd Mercy University) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 05/01/2029 | 240000 | 249542 |
|  |  | **985846** |
| **PUERTO RICO - 7.2%** |  |  |
| Children's Trust Fund |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.500%, 05/15/2039 | 500000 | 498752 |
| Commonwealth of Puerto Rico, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.000%, 07/01/2024 (c) | 1000000 | 918948 |
| Commonwealth of Puerto Rico, Series A1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/2023 | 149246 | 149900 |
| Puerto Rico Electric Power Authority, Series PP |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2024 | 100000 | 100402 |
| Puerto Rico Electric Power Authority, Series UU |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2024 | 600000 | 604015 |
| Puerto Rico Electric Power Authority, Series VV |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 07/01/2026 | 200000 | 200838 |
| Puerto Rico Highway & Transportation Authority, Series AA-1 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.950%, 07/01/2026 | 420000 | 419983 |
|  |  | **2892838** |
| **SOUTH CAROLINA - 0.4%** |  |  |
| South Carolina Jobs-Economic Development Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Upstate Senior Living) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/2027 | 175000 | **168367** |
| **TENNESSEE - 5.6%** |  |  |
| City of Jackson |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: West Tennesee Healthcare) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 04/01/2026 | 850000 | 877032 |
| Metropolitan Nashville Airport Authority, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2033 | 140000 | 146595 |
| Tennessee Energy Acquisition Corp., Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 09/01/2024 | 1000000 | 1017475 |
| Town of Greeneville |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 06/01/2029 | 165000 | 176334 |
|  |  | **2217436** |
| **TEXAS - 8.2%** |  |  |
| Arlington Housing Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Reserve at Mayfield, LLC) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.500%, 11/01/2043 | 300000 | 300536 |
| Board of Regents of the University of Texas System, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 08/15/2042 | 200000 | 200385 |
| City of Converse |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 02/01/2032 | 550000 | 550640 |
| County of Wise |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 08/15/2026 | 200000 | 209403 |
| Harris County Cultural Education Facilities Finance Corp. |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Baylor College of Medicine) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 11/15/2030 | 135000 | 137956 |
| Harris County Cultural Education Facilities Finance Corp., Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Brazos Presbyterian Obligated Group) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 01/01/2033 | 285000 | 268181 |
| Harris County Municipal Utility District No. 167 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/2031 | 100000 | 100069 |
| Harris County Municipal Utility District No. 278 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/2037 | 200000 | 200220 |
| Interstate Municipal Utility District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.000%, 09/01/2029 | 525000 | 534407 |
| San Antonio Education Facilities Corp., Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Hallmark University, Inc.) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 10/01/2028 | 100000 | 95997 |
| Sienna Municipal Utility District No. 6 |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 09/01/2030 | 200000 | 211124 |
| Texas Municipal Gas Acquisition and Supply Corp. I |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.250%, 12/15/2026 | 430000 | 449373 |
|  |  | **3258291** |
| **WASHINGTON - 2.9%** |  |  |
| Washington Health Care Facilities Authority, Series B |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Seattle Children's Hospital) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 10/01/2038 | 250000 | 255607 |
| Washington State Housing Finance Commission, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Heron's Key Obligation Group) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.000%, 07/01/2025 (a) | 850000 | 885141 |
|  |  | **1140748** |
| **WEST VIRGINIA - 1.2%** |  |  |
| Monongalia County Building Commission |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Monongalia Health System) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 07/01/2028 | 455000 | **462335** |
| **WISCONSIN - 6.1%** |  |  |
| Wisconsin Public Finance Authority |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Eno River Academy) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.750%, 06/15/2023 (a) | 195000 | 192059 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Noorda College of Osteopathic) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.500%, 06/01/2045 (a) | 100000 | 79566 |
| Wisconsin Public Finance Authority, Series A |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Dreamhouse 'Ewa Beach) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.750%, 06/01/2025 (a) | 575000 | 578841 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Obligor: Prime Healthcare Foundation) |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.000%, 12/01/2027 | 500000 | 510596 |
| Village of McFarland |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4.500%, 12/01/2023 | 305000 | 305482 |
| Wisconsin Center District |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.250%, 12/15/2023 | 750000 | 759058 |
|  |  | **2425602** |
| **Total Municipal Bonds** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **(Cost $38,478,217)** |  | **38537441** |
| **SHORT-TERM INVESTMENT - 2.6%** |  |  |
| First American Government Obligations Fund - Class X, 3.67%^ |  |  |
| **Total Short-Term Investment** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **(Cost $1,040,391)** | 1040391 | **1040391** |
| **Total Investments - 99.2%** |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp; **(Cost $39,518,608)** |  | **39577832** |
| **Other Assets & Liabilities, Net - 0.8%** |  | **313989** |
| **Total Net Assets - 100.0%** |  | $**39891821** |

---

---

| | |
|:---|:---|
| (a) <br>| Security purchased within the terms of a private placement memorandum, exempt from registration under Rule 144A of the Securities Act 0f 1933, as amended, and may be sold only to dealers in that program or other "qualified institutional buyers." As of November 30, 2022, the total value of these investments was $4,114,879 or 10.3% of total net assets. |
| (b) <br>| Security subject to the Alternative Minimum Tax ("AMT"). As of November 30, 2022, the total value of securities subject to the AMT was $4,894,598 or 12.3% of net assets. |
| (c) <br>| Zero coupon bonds make no periodic interest payments, but are issued at deep discounts from par value. |
| ^ <br>| The rate shown is the annualized seven day effective yield as of November 30, 2022. |
|  | **Summary of Fair Value Exposure** |
|  | The Fund has adopted authoritative fair value accounting standards which establish an authoritative 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: |
|  | Level 1 - Unadjusted quoted prices in active markets for identical assets or liablities 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 would be based on the best information available. |
|  | As of November 30, 2022, the Fund's investments in securities were classified as follows: |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **Level 1** | **Level 2** | **Level 3** | **Total** |
| **Municipal Bonds** | $- | $38537441 | $- | $38537441 |
| **Short-Term Investment** | 1040391 | - | $- | 1040391 |
| **Total Investments in Securities** | $1040391 | $38537441 | $- | $39577832 |
| Refer to the Schedule of Investments for further information on the classification of investments. | Refer to the Schedule of Investments for further information on the classification of investments. |  |  |  |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Managed Portfolio Series

- **b. Investment Company Act file number:** 811-22525

- **c. CIK number of Registrant:** 0001511699

- **d. LEI of Registrant:** 254900SQ3GG01NP4WM65

- **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:** 414-516-1712

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

- **a. Name of Series:** Principal Street Short Term Municipal Fund

- **b. EDGAR series identifier (if any):** S000076128

- **c. LEI of Series:** 549300NSDM41VWP0RV83

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

- **a. Date of fiscal year-end:** 2023-08-31

- **b. Date as of which information is reported:** 2022-11-30

**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:** $39978093.36

**Total Liabilities:** $644401.88

**Net Assets:** $39333691.48

**Delayed Delivery Securities:** $250000.00

**Cash Not Reported:** $205539.98

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 460.660000000000 | **1-Year:** 2134.980000000000 | **5-Year:** 3601.820000000000 | **10-Year:** 764.360000000000 | **30-Year:** 25.770000000000

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

- **3-Month:** 368.020000000000 | **1-Year:** 945.090000000000 | **5-Year:** 931.800000000000 | **10-Year:** 176.800000000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235587 | -1.92%               | -0.24%               | 1.96%                |
| Class ID C000235589 | -1.67%               | -0.22%               | 1.97%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-20477.29               | $-595417.26                                |
| Month 2  | $-174420.97              | $1529.54                                   |
| Month 3  | $-34911.81               | $645074.07                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| PORT AUTH OF NEW YORK & NEW JE | Port Authority of New York & New Jersey                            | CUSIP: 73358XAG7<br>LEI: 54930006MR4KZ4W74Z83 | Long             | DBT              | MUN               | US        |   1320000 | PA      | $1404372.95   | 3.57%             | 2027-07-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI CHRT SCH RE | Public Finance Authority                                           | CUSIP: 744396FP2<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    195000 | PA      | $192059.01    | 0.49%             | 2023-06-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDU REVENUE | Public Finance Authority                                           | CUSIP: 74442EJU5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    575000 | PA      | $578840.71    | 1.47%             | 2025-06-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI REVENUE     | Public Finance Authority                                           | CUSIP: 74442PFS9<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510596.30    | 1.30%             | 2027-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUBLIC FIN AUTH WI EDUCTNL FAC | Public Finance Authority                                           | CUSIP: 74443DGE5<br>LEI: 5493004S6D3NA627K012 | Long             | DBT              | MUN               | US        |    100000 | PA      | $79566.52     | 0.20%             | 2045-06-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3E5<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |    149246 | PA      | $149900.03    | 0.38%             | 2023-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI | Harris County Municipal Utility District No 167                    | CUSIP: 41420GFZ8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100068.57    | 0.25%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HLTHSOURCE SAGINAW INC MI      | Healthsource Saginaw Inc                                           | CUSIP: 42224BBQ9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80074.43     | 0.20%             | 2027-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HUDSON NY                      | City of Hudson NY                                                  | CUSIP: 444060BR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     95000 | PA      | $95089.26     | 0.24%             | 2028-04-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST FIN AUTH REVENUE   | Illinois Finance Authority                                         | CUSIP: 45204FSS5<br>LEI: 549300ZG6UBPNNNRN315 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502039.75    | 1.28%             | 2027-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                  | CUSIP: 4521503D5<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    350000 | PA      | $368125.24    | 0.94%             | 2026-11-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                  | CUSIP: 452152RR4<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    185000 | PA      | $182297.71    | 0.46%             | 2032-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ARLINGTON TX HSG FIN CORP MF H | Arlington Housing Finance Corp                                     | CUSIP: 041818AA3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $300536.19    | 0.76%             | 2043-11-01      | Variable      | 3.50%                 | No            |                  2 | On Loan: No      |
| AUGUSTA GA WTR & SWR REVENUE   | Augusta GA Water & Sewer Revenue                                   | CUSIP: 051249GP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |     80000 | PA      | $80038.92     | 0.20%             | 2031-10-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                     | CUSIP: 09182TAM9<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |    250000 | PA      | $247584.00    | 0.63%             | 2052-10-01      | Variable      | 4.00%                 | No            |                  2 | On Loan: No      |
| BLACK BELT ENERGY GAS DIST AL  | Black Belt Energy Gas District                                     | CUSIP: 09182TBP1<br>LEI: 549300I8V0Z68JQCB679 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1028901.30   | 2.62%             | 2025-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST MUNI FIN AUTH SP | California Municipal Finance Authority                             | CUSIP: 13050RAA0<br>LEI: 5493000UQOV6R4ZWS346 | Long             | DBT              | MUN               | US        |    100000 | PA      | $97059.73     | 0.25%             | 2029-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CALIFORNIA ST SCH FIN AUTH CHR | California School Finance Authority                                | CUSIP: 13058TQT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    400000 | PA      | $407931.32    | 1.04%             | 2025-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL BRD OF EDU          | Chicago Board of Education                                         | CUSIP: 167505DC7<br>LEI: 54930099NR6T9V7LVB43 | Long             | DBT              | MUN               | US        |    135000 | PA      | $136317.88    | 0.35%             | 2023-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                               | CUSIP: 167593KV3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    250000 | PA      | $251587.58    | 0.64%             | 2027-01-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL O'HARE INTERNATIONA | Chicago O'Hare International Airport                               | CUSIP: 167593KZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $241527.74    | 0.61%             | 2031-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION | City of Chicago IL Wastewater Transmission Revenue                 | CUSIP: 167727TM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $125179.13    | 0.32%             | 2025-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| CHICAGO IL WSTWTR TRANSMISSION | City of Chicago IL Wastewater Transmission Revenue                 | CUSIP: 167727ZW9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $100148.89    | 0.25%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| THE CHILDRENS TRUST FUND PR TO | Children's Trust Fund                                              | CUSIP: 16876QBF5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $498751.50    | 1.27%             | 2039-05-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| CONVERSE TX                    | City of Converse TX                                                | CUSIP: 212544EL0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    550000 | PA      | $550640.20    | 1.40%             | 2032-02-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| DE KALB CNTY GA WTR & SWR REVE | County of DeKalb GA Water & Sewerage Revenue                       | CUSIP: 240523WM8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200280.08    | 0.51%             | 2036-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                  | CUSIP: 249181TK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $144890.72    | 0.37%             | 2025-11-15      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| DENVER CITY & CNTY CO ARPT REV | City & County of Denver CO Airport System Revenue                  | CUSIP: 249182LF1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $318568.35    | 0.81%             | 2032-12-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| DIST OF COLUMBIA HSG FIN AGY M | District of Columbia Housing Finance Agency                        | CUSIP: 25477TAB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    700000 | PA      | $701218.42    | 1.78%             | 2031-06-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| DONA ANA CNTY NM GROSS RECPTS  | County of Dona Ana NM Gross Receipts Tax Revenue                   | CUSIP: 257591EJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    395000 | PA      | $395439.67    | 1.01%             | 2028-05-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                         | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |    834851 | NS      | $834851.01    | 2.12%             |  |  |  | No            |                  1 | On Loan: No      |
| GLYNN-BRUNSWICK GA MEMORIAL HO | Glynn-Brunswick Memorial Hospital Authority                        | CUSIP: 380037FU0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    125000 | PA      | $129003.80    | 0.33%             | 2026-08-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| GREENEVILLE TN                 | Town of Greeneville TN                                             | CUSIP: 396622MD1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    165000 | PA      | $176333.77    | 0.45%             | 2029-06-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX MUNI UTILITY DI | Harris County Municipal Utility District No 278                    | CUSIP: 413946MW1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $200220.10    | 0.51%             | 2037-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp           | CUSIP: 414008CD2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    135000 | PA      | $137956.59    | 0.35%             | 2030-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| HARRIS CNTY TX CULTURAL EDU FA | Harris County Cultural Education Facilities Finance Corp           | CUSIP: 414009FF2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    285000 | PA      | $268180.87    | 0.68%             | 2033-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PALOMAR CA CMNTY CLG DIST      | Palomar Community College District                                 | CUSIP: 697511BP7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $79631.58     | 0.20%             | 2029-08-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PEFA INC IA GAS PROJ REVENUE   | PEFA Inc                                                           | CUSIP: 70556CAB0<br>LEI: 549300RSE249DJNRHY07 | Long             | DBT              | MUN               | US        |    200000 | PA      | $204921.14    | 0.52%             | 2049-09-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| PERRY TWP IN SCHS MARION CNTY  | Perry Township Schools/Marion County IN                            | CUSIP: 715000BP9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    555000 | PA      | $561911.19    | 1.43%             | 2024-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN | Industrial Development Authority of the County of Pima/The         | CUSIP: 72178AAL6<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $502611.25    | 1.28%             | 2030-11-15      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ INDL DEV AUTH SEN | Industrial Development Authority of the County of Pima/The         | CUSIP: 72178AAM4<br>LEI: 549300QDTQ25545R4K19 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500841.40    | 1.27%             | 2029-11-15      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| PIMA CNTY AZ STREET & HIGHWAY  | County of Pima AZ                                                  | CUSIP: 721882EB0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    205000 | PA      | $205240.08    | 0.52%             | 2024-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| INDIANA ST FIN AUTH ENVRNMNTL  | Indiana Finance Authority                                          | CUSIP: 455054BJ4<br>LEI: 549300PS0PAS7NDSSI20 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001748.30   | 2.55%             | 2046-12-15      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| INTERSTATE MUNI UTILITY DIST T | Interstate Municipal Utility District                              | CUSIP: 461028HD7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    525000 | PA      | $534406.69    | 1.36%             | 2029-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| JACKSON TN HOSP REVENUE        | City of Jackson TN                                                 | CUSIP: 46874TGR7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $877032.38    | 2.23%             | 2026-04-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| JAMESTOWN ND PARK DIST SALES T | Jamestown Park District ND Sales Tax Revenue                       | CUSIP: 470572AL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    140000 | PA      | $141269.49    | 0.36%             | 2028-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| KIRKWOOD MO INDL DEV AUTH RETM | Kirkwood Industrial Development Authority                          | CUSIP: 497609AR8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    880000 | PA      | $878316.82    | 2.23%             | 2023-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| KLAMATH FALLS OR INTERCMNTY HO | Klamath Falls Intercommunity Hospital Authority                    | CUSIP: 498413ES8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130013.59    | 0.33%             | 2031-09-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| LYCOMING CNTY PA AUTH REVENUE  | Lycoming County Authority                                          | CUSIP: 550809AJ6<br>LEI: 549300TCAO8EBJY0O782 | Long             | DBT              | MUN               | US        |    500000 | PA      | $500000.00    | 1.27%             | 2035-11-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ INDL DEV AUTH | Maricopa County Industrial Development Authority                   | CUSIP: 56681NEL7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $967888.00    | 2.46%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MARICOPA CNTY AZ HIGH SCH DIST | Maricopa County Union High School District No 210-Phoenix          | CUSIP: 567505LM2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    150000 | PA      | $150162.17    | 0.38%             | 2026-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MCFARLAND WI                   | Village of McFarland WI                                            | CUSIP: 580441EP4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    305000 | PA      | $305482.05    | 0.78%             | 2023-12-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| MET NASHVILLE TN ARPT AUTH ARP | Metropolitan Nashville Airport Authority/The                       | CUSIP: 592190LS9<br>LEI: 549300IC0HNF8TDXEE63 | Long             | DBT              | MUN               | US        |    140000 | PA      | $146595.39    | 0.37%             | 2033-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                              | CUSIP: 59259Y6E4<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    100000 | PA      | $102901.99    | 0.26%             | 2030-11-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                              | CUSIP: 59259YZC6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |    125000 | PA      | $123439.76    | 0.31%             | 2028-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| MET TRANSPRTN AUTH NY REVENUE  | Metropolitan Transportation Authority                              | CUSIP: 59261AHB6<br>LEI: 5493000TKYODLXADQD60 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1023784.80   | 2.60%             | 2030-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MET WASHINGTON DC ARPTS AUTH A | Metropolitan Washington Airports Authority Aviation Revenue        | CUSIP: 592647JW2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1068354.30   | 2.72%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL INDL DEV AU | Miami-Dade County Industrial Development Authority                 | CUSIP: 59333ECP6<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    350000 | PA      | $354681.36    | 0.90%             | 2024-09-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL AVIATION RE | County of Miami-Dade FL Aviation Revenue                           | CUSIP: 59333PH35<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $511380.15    | 1.30%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MIAMI-DADE CNTY FL INDL DEV AU | Miami-Dade County Industrial Development Authority                 | CUSIP: 59334GAP2<br>LEI: 549300RM19LZY32DAU30 | Long             | DBT              | MUN               | US        |    100000 | PA      | $96408.89     | 0.25%             | 2029-07-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                         | CUSIP: 59447TMC4<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    105000 | PA      | $111756.75    | 0.28%             | 2027-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                         | CUSIP: 59447TUE1<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104001.11    | 0.26%             | 2044-12-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST HOSP EQUIPMENT& | Mississippi Hospital Equipment & Facilities Authority              | CUSIP: 605360TS5<br>LEI: 549300DW2GVUIGE04396 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104547.37    | 0.27%             | 2040-10-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST GAMING TAX REVE | State of Mississippi Gaming Tax Revenue                            | CUSIP: 605638AM7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1345000 | PA      | $1414187.20   | 3.60%             | 2027-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSISSIPPI ST GAMING TAX REVE | State of Mississippi Gaming Tax Revenue                            | CUSIP: 605638AR6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1410000 | PA      | $1479386.95   | 3.76%             | 2031-10-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MISSOURI ST HLTH & EDUCTNL FAC | Health & Educational Facilities Authority of the State of Missouri | CUSIP: 60635HR92<br>LEI: 549300IWTBCMX5JB3277 | Long             | DBT              | MUN               | US        |    150000 | PA      | $149854.37    | 0.38%             | 2035-02-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONONGALIA CNTY WV BLDG COMMIS | Monongalia County Building Commission                              | CUSIP: 610218BK4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    455000 | PA      | $462335.37    | 1.18%             | 2028-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| MONTGOMERY CNTY PA HGR EDU & H | Montgomery County Higher Education and Health Authority            | CUSIP: 613603H93<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    240000 | PA      | $249541.44    | 0.63%             | 2029-05-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NATCHEZ MS                     | City of Natchez MS                                                 | CUSIP: 631770KJ2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    545000 | PA      | $560324.31    | 1.42%             | 2025-09-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST TRANSPRTN TRUST  | New Jersey Transportation Trust Fund Authority                     | CUSIP: 646136X30<br>LEI: 549300YUVD5TEXR6L889 | Long             | DBT              | MUN               | US        |    475000 | PA      | $498287.16    | 1.27%             | 2028-06-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| NEW JERSEY ST HSG & MTGE FIN A | New Jersey Housing & Mortgage Finance Agency                       | CUSIP: 64613AFX5<br>LEI: 5493002ONULJL0FIGU24 | Long             | DBT              | MUN               | US        |    795000 | PA      | $802932.51    | 2.04%             | 2033-04-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH SALES TA | New York State Dormitory Authority                                 | CUSIP: 64990AEA9<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    300000 | PA      | $317408.16    | 0.81%             | 2032-03-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                 | CUSIP: 64990CHX2<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    450000 | PA      | $471328.20    | 1.20%             | 2029-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NEW YORK ST DORM AUTH REVENUES | New York State Dormitory Authority                                 | CUSIP: 65000BAM0<br>LEI: 549300C8XO7EXTX2XU71 | Long             | DBT              | MUN               | US        |    100000 | PA      | $101849.02    | 0.26%             | 2033-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| NORTH CAROLINA ST CAPITAL FACS | North Carolina Capital Facilities Finance Agency                   | CUSIP: 65819GLR7<br>LEI: 549300PWNPSB7G58A235 | Long             | DBT              | MUN               | US        |    100000 | PA      | $104189.13    | 0.26%             | 2027-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| NORTH READING MA               | Town of North Reading MA                                           | CUSIP: 661802WC8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    120000 | PA      | $120216.78    | 0.31%             | 2030-05-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| ILLINOIS ST                    | State of Illinois                                                  | CUSIP: 452152SX0<br>LEI: 54930048FV8RWPR02D67 | Long             | DBT              | MUN               | US        |    200000 | PA      | $201366.92    | 0.51%             | 2029-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO CMWLTH             | Commonwealth of Puerto Rico                                        | CUSIP: 74514L3Q8<br>LEI: 549300X44HXPLJU48U63 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $918947.90    | 2.34%             | 2024-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO HIGHWAY & TRANSPRT | Puerto Rico Highway & Transportation Authority                     | CUSIP: 745181N52<br>LEI: 549300J6QBXVWJXB7Y41 | Long             | DBT              | MUN               | US        |    420000 | PA      | $419982.99    | 1.07%             | 2026-07-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR  | Puerto Rico Electric Power Authority                               | CUSIP: 74526QCM2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100401.70    | 0.26%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR  | Puerto Rico Electric Power Authority                               | CUSIP: 74526QLU4<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    600000 | PA      | $604015.14    | 1.54%             | 2024-07-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| PUERTO RICO ELEC PWR AUTH PWR  | Puerto Rico Electric Power Authority                               | CUSIP: 74526QPK2<br>LEI: 5493003BRB67HF8ST418 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200838.32    | 0.51%             | 2026-07-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| RUSSELL CNTY AL PUBLIC BLDG AU | Russell County Public Building Authority                           | CUSIP: 782382FF7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    425000 | PA      | $425600.23    | 1.08%             | 2033-01-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| SALES TAX SECURITIZATION CORP  | Sales Tax Securitization Corp                                      | CUSIP: 79467BCV5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $217847.74    | 0.55%             | 2030-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN ANTONIO TX EDU FACS CORP R | San Antonio Education Facilities Corp                              | CUSIP: 796247DZ4<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    100000 | PA      | $95996.47     | 0.24%             | 2028-10-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| SAN DIEGO ASSN OF GOVTS CA CAP | San Diego Association of Governments                               | CUSIP: 797258AA8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    255000 | PA      | $255379.57    | 0.65%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SAN YSIDRO CA SCH DIST         | San Ysidro School District                                         | CUSIP: 799561LP8<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    130000 | PA      | $130116.55    | 0.33%             | 2029-08-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| SIENNA MUN UTIL DIST NO 6 TEX  | Sienna Municipal Utility District No 6                             | CUSIP: 82622NDG7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $211124.06    | 0.54%             | 2030-09-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| SOUTH CAROLINA ST JOBS-ECON DE | South Carolina Jobs-Economic Development Authority                 | CUSIP: 837031WH2<br>LEI: 5493006X47I9VG3DL112 | Long             | DBT              | MUN               | US        |    175000 | PA      | $168367.38    | 0.43%             | 2027-11-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| TALLAHASSEE FL CAPITAL BONDS   | City of Tallahassee FL                                             | CUSIP: 874458JZ6<br>LEI: 549300MPY4HDPK8B1G15 | Long             | DBT              | MUN               | US        |    100000 | PA      | $100000.00    | 0.25%             | 2030-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| TENNESSEE ST ENERGY ACQUISITIO | Tennessee Energy Acquisition Corp                                  | CUSIP: 880443BR6<br>LEI: 549300OJ2Z8PGEY46K92 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1017474.80   | 2.59%             | 2024-09-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| TEXAS ST MUNI GAS ACQUISITION  | Texas Municipal Gas Acquisition and Supply Corp I                  | CUSIP: 88256CEX3<br>LEI: 6AZ7FRSNC3ZFPM0Z8L86 | Long             | DBT              | MUN               | US        |    430000 | PA      | $449373.44    | 1.14%             | 2026-12-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TOPEKA KS HLTH CARE FACS REVEN | City of Topeka KS                                                  | CUSIP: 890585BV3<br>LEI: 549300NFEU1XBKVICM54 | Long             | DBT              | MUN               | US        |    250000 | PA      | $250090.08    | 0.64%             | 2026-12-01      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| TULSA CNTY OK INDL AUTH SENIOR | Tulsa County Industrial Authority                                  | CUSIP: 899530AM1<br>LEI: 549300WEYXBXLGN1E271 | Long             | DBT              | MUN               | US        |    230000 | PA      | $231396.72    | 0.59%             | 2023-11-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| UNIV OF STHRN INDIANA IN       | University Of Southern Indiana Foundation                          | CUSIP: 914891GS9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    575000 | PA      | $576227.63    | 1.46%             | 2024-10-01      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UNIV OF TEXAS TX UNIV REVENUES | Board of Regents of the University of Texas System                 | CUSIP: 91514AAY1<br>LEI: TEHUYFNKZR6XVWLGEU86 | Long             | DBT              | MUN               | US        |    200000 | PA      | $200385.06    | 0.51%             | 2042-08-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| WASHINGTON ST HSG FIN COMMISSI | Washington State Housing Finance Commission                        | CUSIP: 939783SD9<br>LEI: 549300YL1HU59NREG764 | Long             | DBT              | MUN               | US        |    850000 | PA      | $885140.96    | 2.25%             | 2025-07-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| WESTCHESTER CNTY NY LOCAL DEV  | Westchester County Local Development Corp                          | CUSIP: 95737TCE4<br>LEI: 549300KOSU8OC75V9238 | Long             | DBT              | MUN               | US        |    350000 | PA      | $357298.10    | 0.91%             | 2030-11-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| WISCONSIN CENTER DIST WI TAX R | Wisconsin Center District                                          | CUSIP: 976595FD5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $759057.83    | 1.93%             | 2023-12-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| WISE CNTY TX LEASE REVENUE     | County of Wise TX                                                  | CUSIP: 977195AW6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    200000 | PA      | $209402.90    | 0.53%             | 2026-08-15      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2023-01-30

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Douglas Schafer

**Name of Signer:** Managed Portfolio Series

**Title:** VP & Asst. Treasurer