# EDGAR Filing Document

**Accession Number:** 0001511699
**File Stem:** 0000894189-25-006893
**Filing Date:** 2025-9
**Character Count:** 30805
**Document Hash:** 41f405d69ebd67c03c2d4aff8a9f0a2d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000894189-25-006893.hdr.sgml**: 20250911

**ACCESSION NUMBER**: 0000894189-25-006893

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250731

**FILED AS OF DATE**: 20250911

**DATE AS OF CHANGE**: 20250911

**PERIOD START**: 20260430

**FILER**: 

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

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22525
- **FILM NUMBER:** 251308368

**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

### Nuance Mid Cap Value Fund (Series ID: S000043170)

| Class ID   | Class Name          | Ticker Symbol   |
|:---|:---|:---|
| C000133589 | Institutional Class | NMVLX           |
| C000133590 | Investor Class      | NMAVX           |
| C000186164 | Z Class Shares      | NMVZX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Nuance Mid Cap Value Fund** | **Nuance Mid Cap Value Fund** | **Nuance Mid Cap Value Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** | **July 31, 2025 (Unaudited)** |
| **COMMON STOCKS - 86.8%** | **Shares** | **Value**  |
| **Consumer Discretionary - 0.7%** | **Consumer Discretionary - 0.7%** | |
| Gentherm, Inc. <sup>(a)</sup> | 14877 | $476659 |
| NIKE, Inc. | 41525 | 3101502 |
|  |  | 3578161 |
| **Consumer Staples - 20.9%** | **Consumer Staples - 20.9%** |  |
| Beiersdorf AG - ADR | 348015 | 8630772 |
| Calavo Growers, Inc. | 125256 | 3294233 |
| Clorox Co. | 248250 | 31170270 |
| Estee Lauder Cos., Inc. | 120819 | 11277245 |
| Henkel AG & Co. KGaA - ADR | 1679926 | 29936281 |
| Kenvue, Inc. | 61630 | 1321347 |
| Kimberly-Clark Corp. | 79727 | 9935579 |
| McCormick & Co., Inc. | 79774 | 5634438 |
| Mission Produce, Inc. <sup>(a)</sup> | 248600 | 3067724 |
| Target Corp. | 4725 | 474863 |
|  |  | 104742752 |
| **Financials - 7.5%** | **Financials - 7.5%** |  |
| Everest Group Ltd. | 11359 | 3814352 |
| Globe Life, Inc. | 143465 | 20152529 |
| Independent Bank Corp. | 21244 | 1350056 |
| Northern Trust Corp. | 67035 | 8714550 |
| Reinsurance Group of America, Inc. | 12969 | 2495884 |
| Travelers Companies, Inc. | 4887 | 1271793 |
|  |  | 37799164 |
| **Health Care - 16.5%** | **Health Care - 16.5%** |  |
| Agilent Technologies, Inc. | 10336 | 1186676 |
| Becton Dickinson & Co. | 80415 | 14333974 |
| Henry Schein, Inc. <sup>(a)</sup> | 124814 | 8443667 |
| Hologic, Inc. <sup>(a)</sup> | 153015 | 10224462 |
| Qiagen NV | 173072 | 8539372 |
| Solventum Corp. <sup>(a)</sup> | 230507 | 16448980 |
| Thermo Fisher Scientific, Inc. | 26122 | 12216737 |
| Waters Corp. <sup>(a)</sup> | 39067 | 11280987 |
|  |  | 82674855 |
| **Industrials - 17.2%** | **Industrials - 17.2%** |  |
| CNH Industrial NV | 202303 | 2621847 |
| Daikin Industries Ltd. - ADR | 208433 | 2555389 |
| Graco Inc. | 32141 | 2699201 |
| IDEX Corp. | 44667 | 7303501 |
| Knight-Swift Transportation Holdings, Inc. | 82538 | 3507865 |
| Legrand SA - ADR | 17260 | 511241 |
| Lindsay Corp. | 18851 | 2573350 |
| Marten Transport Ltd. | 1892937 | 23018114 |
| Nordson Corp. | 12399 | 2655990 |
| Northrop Grumman Corp. | 11085 | 6391722 |
| Spirax Group PLC - ADR | 208257 | 8771785 |
| Toro Co. | 51046 | 3790165 |
| Werner Enterprises, Inc. | 710849 | 19704734 |
|  |  | 86104904 |
| **Information Technology - 6.4%** | **Information Technology - 6.4%** |  |
| Informatica, Inc. <sup>(a)</sup> | 955926 | 23611372 |
| Rogers Corp. <sup>(a)</sup> | 132075 | 8661479 |
|  |  | 32272851 |
| **Materials - 0.7%** | **Materials - 0.7%** |  |
| AptarGroup, Inc. | 20734 | 3258141 |
| **Utilities - 16.9%** | **Utilities - 16.9%** |  |
| American Water Works Co., Inc. | 45560 | 6389334 |
| Avista Corp. | 101380 | 3781474 |
| California Water Service Group | 613989 | 27918080 |
| Consolidated Edison, Inc. | 12670 | 1311345 |
| H2O America | 359444 | 17357551 |
| Pennon Group PLC - ADR | 776233 | 10195820 |
| Portland General Electric Co. | 123015 | 5058377 |
| Severn Trent PLC - ADR | 37243 | 1315080 |
| United Utilities Group PLC - ADR | 379687 | 11299485 |
|  |  | 84626546 |
| **TOTAL COMMON STOCKS** (Cost $424,942,419) | **TOTAL COMMON STOCKS** (Cost $424,942,419) | 435057374 |
| **PREFERRED STOCKS - 3.1%** | **Shares** | **Value**  |
| **Financials - 3.1%** | **Financials - 3.1%** |  |
| Charles Schwab Corp. | – | $– |
| &nbsp;&nbsp; Series D, 5.95%, Perpetual | 475371 | 11879522 |
| &nbsp;&nbsp; Series J, 4.45%, Perpetual | 193949 | 3780066 |
| **TOTAL PREFERRED STOCKS** (Cost $14,957,054) | **TOTAL PREFERRED STOCKS** (Cost $14,957,054) | 15659588 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.5%** | **Shares** | **Value**  |
| **Real Estate - 0.5%** | **Real Estate - 0.5%** |  |
| Alexandria Real Estate Equities, Inc. | 18935 | 1447202 |
| Healthpeak Properties, Inc. | 76666 | 1298722 |
|  |  | 2745924 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $3,500,933) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $3,500,933) | 2745924 |
| **SHORT-TERM INVESTMENTS - 9.1%** |  | **Value**  |
| **Money Market Funds - 9.1%** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.23%<sup>(b)</sup> | 45438617 | 45438617 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $45,438,617) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $45,438,617) | 45438617 |
| **TOTAL INVESTMENTS - 99.5% (**Cost $488,839,023**)** | **TOTAL INVESTMENTS - 99.5% (**Cost $488,839,023**)** | 498901503 |
| Other Assets in Excess of Liabilities - 0.5% | Other Assets in Excess of Liabilities - 0.5% | 2362160 |
| **TOTAL NET ASSETS - 100.0%** |  | $501263663 |
| two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. | The Global Industry Classification Standard ("GICS<sup>®</sup>") was developed by and/or is the exclusive property of MSCI, Inc. ("MSCI") and Standard & Poor's Financial Services LLC ("S&P"). GICS<sup>®</sup> is a service mark of MSCI and S&P and has been licensed for use by U.S. Bank Global Fund Services. |

---

ADR - American Depositary Receipt <br> PLC - Public Limited Company

(a) Non-income producing security.

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

------

#### <br>

#### Summary of Fair Value Disclosure as of July 31, 2025 (Unaudited)
Nuance Mid Cap Value 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 July 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 435057374 |  |  | 435057374 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 15659588 |  |  | 15659588 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 2745924 |  |  | 2745924 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 45438617 |  |  | 45438617 |
| Total Investments | 498901503 |  |  | 498901503 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** 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:** Nuance Mid Cap Value Fund

- **b. EDGAR series identifier (if any):** S000043170

- **c. LEI of Series:** 5493002L3FXU6FPRNY43

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

- **a. Date of fiscal year-end:** 2026-04-30

- **b. Date as of which information is reported:** 2025-07-31

**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:** $502542617.16

**Total Liabilities:** $793780.42

**Net Assets:** $501748836.74

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000133589 | 3.52%                | 2.64%                | 1.00%                |
| Class ID C000133590 | 3.51%                | 2.64%                | 0.99%                |
| Class ID C000186164 | 3.58%                | 2.64%                | 0.99%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-13738208.45            | $31225640.30                               |
| Month 2  | $5464815.99              | $7224957.29                                |
| Month 3  | $12950227.91             | $-8170764.60                               |

**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 Water Works Co Inc    | American Water Works Co Inc                | CUSIP: 030420103<br>LEI: 549300DXHIJQMD5WFW18 | Long             | EC               | CORP              | US        |     45560 | NS      | $6389334.40   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Estee Lauder Cos Inc/The       | Estee Lauder Cos Inc/The                   | CUSIP: 518439104<br>LEI: 549300VFZ8XJ9NUPU221 | Long             | EC               | CORP              | US        |    120819 | NS      | $11277245.46  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| McCormick & Co Inc/MD          | McCormick & Co Inc/MD                      | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |     79774 | NS      | $5634437.62   | 1.12%             |  |  |  | No            |                  1 | On Loan: No      |
| Nordson Corp                   | Nordson Corp                               | CUSIP: 655663102<br>LEI: 14OS6Q5N55N95WM84M53 | Long             | EC               | CORP              | US        |     12399 | NS      | $2655989.79   | 0.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Solventum Corp                 | Solventum Corp                             | CUSIP: 83444M101<br>LEI: 254900I70403OSGY4M28 | Long             | EC               | CORP              | US        |    230507 | NS      | $16448979.52  | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| California Water Service Group | California Water Service Group             | CUSIP: 130788102<br>LEI: 529900QABDOBU6UVRQ36 | Long             | EC               | CORP              | US        |    613989 | NS      | $27918079.83  | 5.56%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |  45841005 | NS      | $45841004.84  | 9.14%             |  |  |  | No            |                  1 | On Loan: No      |
| Globe Life Inc                 | Globe Life Inc                             | CUSIP: 37959E102<br>LEI: 5493001JFHKQOPP6XA71 | Long             | EC               | CORP              | US        |    143465 | NS      | $20152528.55  | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Healthpeak Properties Inc      | Healthpeak Properties Inc                  | CUSIP: 42250P103<br>LEI: 254900M6MTMZM0I22L81 | Long             | EC               | CORP              | US        |     76666 | NS      | $1298722.04   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Kenvue Inc                     | Kenvue Inc                                 | CUSIP: 49177J102<br>LEI: 5493008HSF8L4M2LIJ82 | Long             | EC               | CORP              | US        |     61630 | NS      | $1321347.20   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Knight-Swift Transportation Ho | Knight-Swift Transportation Holdings Inc   | CUSIP: 499049104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     82538 | NS      | $3507865.00   | 0.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Legrand SA                     | Legrand SA                                 | CUSIP: 524671104<br>LEI: 969500XXRPGD7HCAFA90 | Long             | EC               | CORP              | FR        |     17260 | NS      | $511241.20    | 0.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Mission Produce Inc            | Mission Produce Inc                        | CUSIP: 60510V108<br>LEI: 54930016JOKVFT59L825 | Long             | EC               | CORP              | US        |    248600 | NS      | $3067724.00   | 0.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Portland General Electric Co   | Portland General Electric Co               | CUSIP: 736508847<br>LEI: GJOUP9M7C39GLSK9R870 | Long             | EC               | CORP              | US        |    123015 | NS      | $5058376.80   | 1.01%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                    | CUSIP: 808513600<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    475371 | NS      | $11879521.29  | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                      | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      4887 | NS      | $1271792.88   | 0.25%             |  |  |  | No            |                  1 | On Loan: No      |
| United Utilities Group PLC     | United Utilities Group PLC                 | CUSIP: 91311E102<br>LEI: 2138002IEYQAOC88ZJ59 | Long             | EC               | CORP              | GB        |    379687 | NS      | $11299485.12  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| IDEX Corp                      | IDEX Corp                                  | CUSIP: 45167R104<br>LEI: 549300U5Y5EL6PHYLF13 | Long             | EC               | CORP              | US        |     44667 | NS      | $7303501.17   | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Pennon Group PLC               | Pennon Group PLC                           | CUSIP: 708326202<br>LEI: 213800V1CCTS41GWH423 | Long             | EC               | CORP              | GB        |    776233 | NS      | $10195820.46  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Avista Corp                    | Avista Corp                                | CUSIP: 05379B107<br>LEI: Q0IK63NITJD6RJ47SW96 | Long             | EC               | CORP              | US        |    101380 | NS      | $3781474.00   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Calavo Growers Inc             | Calavo Growers Inc                         | CUSIP: 128246105<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    125256 | NS      | $3294232.80   | 0.66%             |  |  |  | No            |                  1 | On Loan: No      |
| Gentherm Inc                   | Gentherm Inc                               | CUSIP: 37253A103<br>LEI: HKM6YX1U5JS60TCUB219 | Long             | EC               | CORP              | US        |     14877 | NS      | $476659.08    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Northrop Grumman Corp          | Northrop Grumman Corp                      | CUSIP: 666807102<br>LEI: RIMU48P07456QXSO0R61 | Long             | EC               | CORP              | US        |     11085 | NS      | $6391721.85   | 1.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Rogers Corp                    | Rogers Corp                                | CUSIP: 775133101<br>LEI: PW0CN80KNFR7RUOOKJ84 | Long             | EC               | CORP              | US        |    132075 | NS      | $8661478.50   | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| H2O America                    | H2O America                                | CUSIP: 784305104<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    359444 | NS      | $17357550.76  | 3.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Henry Schein Inc               | Henry Schein Inc                           | CUSIP: 806407102<br>LEI: VGO3WGL8H45T73F4RR92 | Long             | EC               | CORP              | US        |    124814 | NS      | $8443667.10   | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton Dickinson & Co          | Becton Dickinson & Co                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     80415 | NS      | $14333973.75  | 2.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Beiersdorf AG                  | Beiersdorf AG                              | CUSIP: 07724U103<br>LEI: L47NHHI0Z9X22DV46U41 | Long             | EC               | CORP              | DE        |    348015 | NS      | $8630772.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| Consolidated Edison Inc        | Consolidated Edison Inc                    | CUSIP: 209115104<br>LEI: 54930033SBW53OO8T749 | Long             | EC               | CORP              | US        |     12670 | NS      | $1311345.00   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Lindsay Corp                   | Lindsay Corp                               | CUSIP: 535555106<br>LEI: 549300ZFO0QG5H8TPI61 | Long             | EC               | CORP              | US        |     18851 | NS      | $2573350.01   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Reinsurance Group of America I | Reinsurance Group of America Inc           | CUSIP: 759351604<br>LEI: LORM1GNEU1DKEW527V90 | Long             | EC               | CORP              | US        |     12969 | NS      | $2495884.05   | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Clorox Co/The                  | Clorox Co/The                              | CUSIP: 189054109<br>LEI: 54930044KVSC06Z79I06 | Long             | EC               | CORP              | US        |    248250 | NS      | $31170270.00  | 6.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Daikin Industries Ltd          | Daikin Industries Ltd                      | CUSIP: 23381B106<br>LEI: 549300Y7FWSTSHMW5Y57 | Long             | EC               | CORP              | JP        |    208433 | NS      | $2555388.58   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Henkel AG & Co KGaA            | Henkel AG & Co KGaA                        | CUSIP: 42550U109<br>LEI: 549300VZCL1HTH4O4Y49 | Long             | EC               | CORP              | DE        |   1679926 | NS      | $29936281.32  | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Independent Bank Corp          | Independent Bank Corp                      | CUSIP: 453836108<br>LEI: 549300C5K3W8THR3GE10 | Long             | EC               | CORP              | US        |     21244 | NS      | $1350056.20   | 0.27%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp            | Kimberly-Clark Corp                        | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |     79727 | NS      | $9935578.74   | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| NIKE Inc                       | NIKE Inc                                   | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     41525 | NS      | $3101502.25   | 0.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Northern Trust Corp            | Northern Trust Corp                        | CUSIP: 665859104<br>LEI: 549300GLF98S992BC502 | Long             | EC               | CORP              | US        |     67035 | NS      | $8714550.00   | 1.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Spirax Group PLC               | Spirax Group PLC                           | CUSIP: 84857N107<br>LEI: 213800WFVZQMHOZP2W17 | Long             | EC               | CORP              | GB        |    208257 | NS      | $8771784.84   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| 49338L103                      | Thermo Fisher Scientific Inc               | CUSIP: 883556102<br>LEI: HCHV7422L5HDJZCRFL38 | Long             | EC               | CORP              | US        |     26122 | NS      | $12216736.96  | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                                | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |     51046 | NS      | $3790165.50   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Waters Corp                    | Waters Corp                                | CUSIP: 941848103<br>LEI: 5T547R1474YC9HOD8Q74 | Long             | EC               | CORP              | US        |     39067 | NS      | $11280986.92  | 2.25%             |  |  |  | No            |                  1 | On Loan: No      |
| Everest Group Ltd              | Everest Group Ltd                          | CUSIP: N/A<br>LEI: 549300N24XF2VV0B3570       | Long             | EC               | CORP              | BM        |     11359 | NS      | $3814352.20   | 0.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Agilent Technologies Inc       | Agilent Technologies Inc                   | CUSIP: 00846U101<br>LEI: QUIX8Y7A2WP0XRMW7G29 | Long             | EC               | CORP              | US        |     10336 | NS      | $1186676.16   | 0.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Alexandria Real Estate Equitie | Alexandria Real Estate Equities Inc        | CUSIP: 015271109<br>LEI: MGCJBT4MKTQBVLNUIS88 | Long             | EC               | CORP              | US        |     18935 | NS      | $1447202.05   | 0.29%             |  |  |  | No            |                  1 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                    | CUSIP: 808513865<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |    193949 | NS      | $3780066.01   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Target Corp                    | Target Corp                                | CUSIP: 87612E106<br>LEI: 8WDDFXB5T1Z6J0XC1L66 | Long             | EC               | CORP              | US        |      4725 | NS      | $474862.50    | 0.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Werner Enterprises Inc         | Werner Enterprises Inc                     | CUSIP: 950755108<br>LEI: 549300P6XRGOCHHJST37 | Long             | EC               | CORP              | US        |    710849 | NS      | $19704734.28  | 3.93%             |  |  |  | No            |                  1 | On Loan: No      |
| CNH Industrial NV              | CNH Industrial NV                          | CUSIP: N/A<br>LEI: 549300WGC2HZ5J67V817       | Long             | EC               | CORP              | GB        |    202303 | NS      | $2621846.88   | 0.52%             |  |  |  | No            |                  1 | On Loan: No      |
| AptarGroup Inc                 | AptarGroup Inc                             | CUSIP: 038336103<br>LEI: VNPEQDQFAA7IY1T2PX43 | Long             | EC               | CORP              | US        |     20734 | NS      | $3258140.76   | 0.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Graco Inc                      | Graco Inc                                  | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |     32141 | NS      | $2699201.18   | 0.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Hologic Inc                    | Hologic Inc                                | CUSIP: 436440101<br>LEI: 549300DYP6F5ZJL0LB74 | Long             | EC               | CORP              | US        |    153015 | NS      | $10224462.30  | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Informatica Inc                | Informatica Inc                            | CUSIP: 45674M101<br>LEI: 984500E0DEFFE6DE9588 | Long             | EC               | CORP              | US        |    955926 | NS      | $23611372.20  | 4.71%             |  |  |  | No            |                  1 | On Loan: No      |
| Marten Transport Ltd           | Marten Transport Ltd                       | CUSIP: 573075108<br>LEI: N/A                  | Long             | EC               | CORP              | US        |   1892937 | NS      | $23018113.92  | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Severn Trent PLC               | Severn Trent PLC                           | CUSIP: 81814P209<br>LEI: 213800RPBXRETY4A4C59 | Long             | EC               | CORP              | GB        |     37243 | NS      | $1315080.12   | 0.26%             |  |  |  | No            |                  1 | On Loan: No      |
| QIAGEN NV                      | QIAGEN NV                                  | CUSIP: N/A<br>LEI: 54930036WK3GMCN17Z57       | Long             | EC               | CORP              | NL        |    173072 | NS      | $8539372.48   | 1.70%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-09-11

**Name of Applicant:** Managed Portfolio Series

**Signature:** /s/ Benjamin Eirich

**Name of Signer:** Managed Portfolio Series

**Title:** Treasurer