# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-25-048863
**Filing Date:** 2025-7
**Character Count:** 52431
**Document Hash:** be11f758df35eba317faffd5873ca25c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-048863.hdr.sgml**: 20250728

**ACCESSION NUMBER**: 0001145549-25-048863

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250728

**DATE AS OF CHANGE**: 20250728

**PERIOD START**: 20250831

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TRUST FOR PROFESSIONAL MANAGERS
- **CENTRAL INDEX KEY:** 0001141819

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-10401
- **FILM NUMBER:** 251156655

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

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

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

## Series and Classes Contracts Data

### Performance Trust Short Term Bond ETF (Series ID: S000084154)

| Class ID   | Class Name                            | Ticker Symbol   |
|:---|:---|:---|
| C000248427 | Performance Trust Short Term Bond ETF | STBF            |

## Nport-Ex

---

| |
|:---|
| **Performance Trust Short Term Bond ETF** |
| **Schedule of Investments** |
| **May 31, 2025 (Unaudited)** |

---

---

| | | |
|:---|:---|:---|
| **NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 25.9%** | **Par** | **Value** |
| BANK5 | BANK5 |  |
| &nbsp;&nbsp; Series 2023-5YR3, Class B, 7.32%, 09/15/2056 <sup>(a)</sup> | 250000 | 260510 |
| &nbsp;&nbsp; Series 2024-5YR6, Class XA, 0.74%, 05/15/2057 <sup>(a)(b)(c)</sup> | 9996217 | 256195 |
| &nbsp;&nbsp; Series 2024-5YR7, Class XA, 1.33%, 06/15/2057 <sup>(a)(c)</sup> | 4798982 | 226251 |
| &nbsp;&nbsp; Series 2024-5YR9, Class AS, 6.18%, 08/15/2057 <sup>(a)</sup> | 300000 | 309871 |
| &nbsp;&nbsp; Series 2025-5YR13, Class XA, 1.06%, 01/15/2058 <sup>(a)(b)(c)</sup> | 6599004 | 284252 |
|  BBCMS Trust, Series 2024-5C27, Class XA, 0.82%, 07/15/2057 <sup>(a)(b)(c)</sup> | 8361725 | 241957 |
| Benchmark Mortgage Trust | Benchmark Mortgage Trust |  |
| &nbsp;&nbsp; Series 2021-B28, Class XA, 1.26%, 08/15/2054 <sup>(a)(c)</sup> | 4979900 | 269592 |
| &nbsp;&nbsp; Series 2025-V14, Class XA, 0.77%, 04/15/2057 <sup>(a)(c)</sup> | 7999648 | 262773 |
|  Citigroup Commercial Mortgage Trust, Series 2016-C1, Class B, 4.12%, 05/10/2049 | 250000 | 245178 |
|  Commercial Mortgage Pass Through Certificates, Series 2024-CBM, Class A2, 5.87%, 12/10/2041 <sup>(a)(b)</sup> | 250000 | 251979 |
| Morgan Stanley Bank of America Merrill Lynch Trust | Morgan Stanley Bank of America Merrill Lynch Trust |  |
| &nbsp;&nbsp; Series 2017-C34, Class B, 4.11%, 11/15/2052 <sup>(a)</sup> | 300000 | 274349 |
| &nbsp;&nbsp; Series 2025-5C1, Class XA, 1.16%, 03/15/2058 <sup>(a)(c)</sup> | 4999891 | 236680 |
| Morgan Stanley Capital I, Inc. | Morgan Stanley Capital I, Inc. |  |
| &nbsp;&nbsp; Series 2017-H1, Class B, 4.08%, 06/15/2050 | 300000 | 285978 |
| &nbsp;&nbsp; Series 2019-H7, Class C, 4.13%, 07/15/2052 | 250000 | 223867 |
| Wells Fargo Commercial Mortgage Trust | Wells Fargo Commercial Mortgage Trust |  |
| &nbsp;&nbsp; Series 2016-C37, Class D, 3.16%, 12/15/2049 <sup>(a)(b)</sup> | 250000 | 224503 |
| &nbsp;&nbsp; Series 2018-C43, Class B, 4.25%, 03/15/2051 <sup>(a)</sup> | 250000 | 236815 |
| &nbsp;&nbsp; Series 2019-C49, Class D, 3.00%, 03/15/2052 <sup>(b)</sup> | 250000 | 212361 |
| **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $4,280,405) | **TOTAL NON-AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $4,280,405) | 4303111 |
| **COLLATERALIZED LOAN OBLIGATIONS - 22.4%** | **Par** | **Value** |
| ARES CLO | ARES CLO |  |
| &nbsp;&nbsp; Series 2015-4A, Class A3RR, 5.66% (3 mo. Term SOFR + 1.40%), 10/15/2030 <sup>(b)</sup> | 250000 | 249550 |
| &nbsp;&nbsp; Series 2023-ALF4A, Class A1, 6.01% (3 mo. Term SOFR + 1.75%), 10/15/2036 <sup>(b)</sup> | 250000 | 250444 |
|  ArrowMark Colorado Holdings, Series 2018-10A, Class CR, 5.77% (3 mo. Term SOFR + 1.50%), 10/20/2031 <sup>(b)</sup> | 250000 | 248897 |
| Blackstone, Inc. | Blackstone, Inc. |  |
| &nbsp;&nbsp; Series 2018-1A, Class D, 7.14% (3 mo. Term SOFR + 2.86%), 04/17/2030 <sup>(b)</sup> | 250000 | 249909 |
| &nbsp;&nbsp; Series 2018-1A, Class D, 7.02% (3 mo. Term SOFR + 2.76%), 04/15/2031 <sup>(b)</sup> | 250000 | 250604 |
|  CIFC Funding Ltd., Series 2023-3A, Class B, 6.57% (3 mo. Term SOFR + 2.30%), 01/20/2037 <sup>(b)</sup> | 250000 | 250504 |
|  Elmwood CLO Ltd., Series 2023-2A, Class ER, 10.23% (3 mo. Term SOFR + 5.90%), 04/16/2036 <sup>(b)</sup> | 250000 | 250000 |
| Madison Park Funding Ltd. | Madison Park Funding Ltd. |  |
| &nbsp;&nbsp; Series 2016-24A, Class BR2, 5.82% (3 mo. Term SOFR + 1.55%), 10/20/2029 <sup>(b)</sup> | 225000 | 225292 |
| &nbsp;&nbsp; Series 2016-24A, Class CR2, 6.32% (3 mo. Term SOFR + 2.05%), 10/20/2029 <sup>(b)</sup> | 250000 | 250400 |
|  Magnetite CLO Ltd., Series 2017-19A, Class ERR, 9.38% (3 mo. Term SOFR + 5.10%), 04/17/2034 <sup>(b)</sup> | 250000 | 245708 |
|  Octagon Credit Investors LLC, Series 2022-1A, Class A1R, 6.08% (3 mo. Term SOFR + 1.75%), 11/16/2036 <sup>(b)</sup> | 250000 | 250595 |
|  Octagon Investment Partners Ltd., Series 2021-1A, Class BR, 5.77% (3 mo. Term SOFR + 1.50%), 07/20/2034 <sup>(b)</sup> | 250000 | 249417 |
|  Octagon Investment Partners XXII LLC, Series 2014-1A, Class DRR, 7.28% (3 mo. Term SOFR + 3.01%), 01/22/2030 <sup>(b)</sup> | 250000 | 249910 |
|  Symphony CLO Ltd., Series 2020-23A, Class BR2, 5.61% (3 mo. Term SOFR + 1.35%), 01/15/2034 <sup>(b)</sup> | 250000 | 248848 |
|  Voya CLO Ltd., Series 2016-3A, Class A3R2, 5.97% (3 mo. Term SOFR + 1.70%), 10/18/2031 <sup>(b)</sup> | 250000 | 250089 |
| **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $3,729,829) | **TOTAL COLLATERALIZED LOAN OBLIGATIONS** (Cost $3,729,829) | 3720167 |
| **CORPORATE BONDS - 14.1%** | **Par** | **Value** |
| **Aerospace & Defense - 1.5%** | **Aerospace & Defense - 1.5%** |  |
|  Moog, Inc., 4.25%, 12/15/2027 <sup>(b)</sup> | 250000 | 242557 |
| **Banks - 7.8%** | **Banks - 7.8%** |  |
|  Bank OZK, 2.75% to 10/01/2026 then 3 mo. Term SOFR + 2.09%, 10/01/2031 | 200000 | 178202 |
|  First Busey Corp., 5.25% to 06/01/2025 then 3 mo. Term SOFR + 5.11%, 06/01/2030 | 240000 | 240000 |
|  NBT Bancorp, Inc., 5.00% to 07/01/2025 then 3 mo. Term SOFR + 4.85%, 07/01/2030 | 250000 | 247490 |
|  Pacific Premier Bancorp, Inc., 5.38% to 06/15/2025 then 3 mo. Term SOFR + 5.17%, 06/15/2030 | 138000 | 138000 |
|  Park National Corp., 4.50% to 09/01/2025 then 3 mo. Term SOFR + 4.39%, 09/01/2030 | 250000 | 244058 |
|  Texas Capital Bank, 5.25%, 01/31/2026 | 250000 | 248243 |
|  |  | 1295993 |
| **Healthcare Providers & Services - 1.4%** | **Healthcare Providers & Services - 1.4%** |  |
|  Centene Corp., 3.38%, 02/15/2030 | 250000 | 227942 |
| **Life Sciences Tools & Services - 0.8%** | **Life Sciences Tools & Services - 0.8%** |  |
|  Charles River Laboratories International, Inc., 3.75%, 03/15/2029 <sup>(b)</sup> | 150000 | 139345 |
| **Media - 1.1%** | **Media - 1.1%** |  |
|  Sirius XM Radio LLC, 4.00%, 07/15/2028 <sup>(b)</sup> | 200000 | 189910 |
| **Professional Services - 1.5%** | **Professional Services - 1.5%** |  |
|  Science Applications International Corp., 4.88%, 04/01/2028 <sup>(b)</sup> | 250000 | 243851 |
| **TOTAL CORPORATE BONDS** (Cost $2,313,251) | **TOTAL CORPORATE BONDS** (Cost $2,313,251) | 2339598 |
| **ASSET-BACKED SECURITIES - 10.1%** | **Par** | **Value** |
|  American Credit Acceptance Receivables Trust, Series 2024-2, Class C, 6.24%, 04/12/2030 <sup>(b)</sup> | 250000 | 252892 |
|  AmeriCredit Automobile Receivables Trust, Series 2023-2, Class A2, 6.19%, 04/19/2027 | 34959 | 35023 |
|  CPS Auto Trust, Series 2023-A, Class C, 5.54%, 04/16/2029 <sup>(b)</sup> | 211824 | 212011 |
|  Exeter Automobile Receivables Trust, Series 2023-1A, Class D, 6.69%, 06/15/2029 | 250000 | 254090 |
|  GLS Auto Receivables Trust, Series 2023-2A, Class C, 5.69%, 03/15/2029 <sup>(b)</sup> | 250000 | 251286 |
|  Santander Consumer USA Holdings, Inc., Series 2023-4, Class B, 5.77%, 12/15/2028 | 250000 | 252661 |
| Westlake Automobile Receivables Trust | Westlake Automobile Receivables Trust |  |
| &nbsp;&nbsp; Series 2021-2A, Class E, 2.38%, 03/15/2027 <sup>(b)</sup> | 250000 | 248200 |
| &nbsp;&nbsp; Series 2023-3A, Class B, 5.92%, 09/15/2028 <sup>(b)</sup> | 170000 | 170982 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $1,661,666) | **TOTAL ASSET-BACKED SECURITIES** (Cost $1,661,666) | 1677145 |
| **AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES - 10.0%** | **Par** | **Value** |
| Freddie Mac Multifamily Structured Pass Through Certificates | Freddie Mac Multifamily Structured Pass Through Certificates |  |
| &nbsp;&nbsp; Series K098, Class XAM, 1.39%, 08/25/2029 <sup>(a)(c)</sup> | 1985000 | 103419 |
| &nbsp;&nbsp; Series K107, Class X1, 1.59%, 01/25/2030 <sup>(a)(c)</sup> | 4197079 | 254813 |
| &nbsp;&nbsp; Series K115, Class X1, 1.32%, 06/25/2030 <sup>(a)(c)</sup> | 4344576 | 237775 |
| &nbsp;&nbsp; Series K122, Class X1, 0.87%, 11/25/2030 <sup>(a)(c)</sup> | 6949817 | 265702 |
| &nbsp;&nbsp; Series K164, Class X1, 0.28%, 05/25/2034 <sup>(a)(c)</sup> | 10898262 | 267026 |
| &nbsp;&nbsp; Series K165, Class X1, 0.60%, 09/25/2034 <sup>(a)(c)</sup> | 6149665 | 287714 |
| &nbsp;&nbsp; Series K744, Class X1, 0.86%, 07/25/2028 <sup>(a)(c)</sup> | 10317050 | 232165 |
| **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $1,659,761) | **TOTAL AGENCY COMMERCIAL MORTGAGE BACKED SECURITIES** (Cost $1,659,761) | 1648614 |
| **U.S. TREASURY SECURITIES - 7.1%** | **Par** | **Value** |
| United States Treasury Notes/Bonds | United States Treasury Notes/Bonds |  |
| &nbsp;&nbsp; 3.88%, 05/15/2043 | 175000 | 152988 |
| &nbsp;&nbsp; 4.38%, 08/15/2043 | 175000 | 163294 |
| &nbsp;&nbsp; 4.75%, 11/15/2043 | 175000 | 171189 |
| &nbsp;&nbsp; 4.63%, 11/15/2044 | 250000 | 239570 |
| United States Treasury Strip Principal | United States Treasury Strip Principal |  |
| &nbsp;&nbsp; 0.00%, 05/15/2042 <sup>(d)</sup> | 430000 | 185992 |
| &nbsp;&nbsp; 0.00%, 08/15/2042 <sup>(d)</sup> | 400000 | 170360 |
| &nbsp;&nbsp; 0.00%, 08/15/2044 <sup>(d)</sup> | 250000 | 94954 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $1,222,473) | **TOTAL U.S. TREASURY SECURITIES** (Cost $1,222,473) | 1178347 |
| **MUNICIPAL BONDS - 3.5%** | **Par** | **Value** |
|  County of Clark Department of Aviation, 6.82%, 07/01/2045 | 250000 | 275154 |
|  Michigan Finance Authority, 3.27%, 06/01/2039 | 70000 | 64707 |
|  Oklahoma Development Finance Authority, 5.45%, 08/15/2028 (Obligor: Ou Medicine Obligated Grp) | 250000 | 242503 |
| **TOTAL MUNICIPAL BONDS** (Cost $585,722) | **TOTAL MUNICIPAL BONDS** (Cost $585,722) | 582364 |
| **NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES - 1.4%** | **Par** | **Value** |
|  Wells Fargo Mortgage Backed Securities Trust, Series 2007-AR6, Class A1, 7.02%, 10/25/2037 <sup>(a)</sup> | 240055 | 235532 |
| **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES** (Cost $228,092) | **TOTAL NON-AGENCY RESIDENTIAL MORTGAGE BACKED SECURITIES** (Cost $228,092) | 235532 |
| **SHORT-TERM INVESTMENTS - 4.6%** |  | **Value**  |
| **Money Market Funds - 0.0%<sup>(e)</sup>** | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.22% <sup>(f)</sup> | 1467 | 1467 |
| **U.S. Treasury Bills - 4.6%** | **<u>Par</u>** |  |
| 0.00%, 07/22/2025 <sup>(d)</sup> | 250000 | 248538 |
| 0.00%, 08/26/2025 <sup>(d)</sup> | 275000 | 272256 |
| 0.00%, 09/09/2025 <sup>(d)</sup> | 240000 | 237214 |
|  |  | 758008 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $759,431) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $759,431) | 759475 |
| **TOTAL INVESTMENTS - 99.1% (**Cost $16,440,630**)** | **TOTAL INVESTMENTS - 99.1% (**Cost $16,440,630**)** | 16444353 |
| Other Assets in Excess of Liabilities - 0.9% | Other Assets in Excess of Liabilities - 0.9% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 156264 |
| **TOTAL NET ASSETS - 100.0%** |  | 16600617 |
| two | two | –% |

---

---

| | |
|:---|:---|
| 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. |

---

LLC - Limited Liability Company <br> SOFR - Secured Overnight Financing Rate <br> STRIP - Separate Trading of Registered Interest and Principal

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

(b) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of May 31, 2025, the value of these securities total $7,142,448 or 43.0% of the Fund's net assets.

(c) Interest only security.

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

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

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

------

---

| |
|:---|
| **Performance Trust Short Term Bond ETF** |
| **Notes to Schedule of Investments** |
| **May 31, 2025 (Unaudited)** |

---

*Investment Valuation*

Each equity security owned by a Fund that is listed on a securities exchange, except securities listed on the NASDAQ Stock Market, LLC ("NASDAQ"), is valued at its last sale price at the close of that exchange on the date as of which assets are valued. If the security is listed on more than one exchange, a Fund will use the price of the exchange that the Fund generally considers to be the principal exchange on which the security is traded. Portfolio securities listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If there has been no sale on such exchange or on NASDAQ on such day, the security is valued at the mean between the most recent quoted bid and asked prices on such day or the security shall be valued at the latest sales price on the "composite market" for the day such security is being valued. The composite market is defined as a consolidation of the trade information provided by national securities and foreign exchanges and over-the-counter markets as published by an approved independent pricing service (a "Pricing Service").

Debt securities, such as U.S. government securities, corporate securities, municipal securities, collateralized loan obligations and asset-backed and mortgage-backed securities, including short-term debt instruments having a maturity of 60 days or less, are valued at the mean in accordance with prices supplied by a Pricing Service. Pricing Services may use various valuation methodologies such as the mean between the bid and the asked prices, matrix pricing and other analytical pricing models as well as market transactions and dealer quotations. If a price is not available from a Pricing Service, the most recent quotation obtained from one or more broker-dealers known to follow the issue will be obtained. Quotations will be valued at the mean between the bid and the offer. In the absence of available quotations, the securities will be priced at fair value. Pricing Services generally value debt securities assuming orderly transactions of an institutional round lot size, but such securities may be held or transactions may be conducted in such securities in smaller, odd lot sizes. Odd lots often trade at lower prices than institutional round lots.

Redeemable securities issued by open-end, registered investment companies, including money market funds, are valued at the net asset value ("NAV") of such companies for purchase and/or redemption orders placed on that day. If, on a particular day, a share of an investment company is not listed on NASDAQ, such security's fair value will be determined. All exchange-traded funds are valued at the last reported sale price on the exchange on which the security is principally traded. In the event market quotations are not readily available, such security will be valued at its fair value, discussed below.

If market quotations are not readily available, a security or other asset will be valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under the Adviser's fair value pricing procedures, subject to oversight by the Board of Trustees. These fair value pricing procedures will also be used to price a security when corporate events, events in the securities market and/or world events cause the Adviser to believe that a security's last sale price may not reflect its actual market value. The intended effect of using fair value pricing procedures is to ensure that the Funds are accurately priced. The Adviser will regularly evaluate whether the Funds' fair value pricing procedures continue to be appropriate in light of the specific circumstances of the Funds and the quality of prices obtained through the application of such procedures.

FASB Accounting Standards Codification, Fair Value Measurements and Disclosures Topic 820 ("ASC 820"), establishes an authoritative definition of fair value and sets out a hierarchy for measuring fair value. ASC 820 requires an entity to evaluate certain factors to determine whether there has been a significant decrease in volume and level of activity for the security such that recent transactions and quoted prices may not be determinative of fair value and further analysis and adjustment may be necessary to estimate fair value. ASC 820 also requires enhanced disclosure regarding the inputs and valuation techniques used to measure fair value as well as expanded disclosure of valuation levels for each class of investments. These inputs are summarized in the three broad levels listed below:

Level 1—Quoted prices in active markets for identical securities.

Level 2—Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

Level 3—Significant unobservable inputs (including a Fund's own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following is a summary of the inputs used to value the Fund's investments carried at fair value as of May 31, 2025:

---

| |
|:---|
| **Performance Trust Short Term Bond ETF** |
| **Notes to Schedule of Investments (Continued)** |
| **May 31, 2025 (Unaudited)** |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Commercial Mortgage Backed Securities | $– | $4303111 | $– | $4303111 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Collateralized Loan Obligations | – | 3720167 | – | 3720167 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 2339598 | – | 2339598 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 1677145 | – | 1677145 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Agency Commercial Mortgage Backed Securities | – | 1648614 | – | 1648614 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 1178347 | – | 1178347 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 582364 | – | 582364 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Non-Agency Residential Mortgage Backed Securities | – | 235532 | – | 235532 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 1467 | – | – | 1467 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Bills | – | 758008 | – | 758008 |
| Total Investments | $1467 | $16442886 | $– | $16444353 |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |

---

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** Trust for Professional Managers

- **b. Investment Company Act file number:** 811-10401

- **c. CIK number of Registrant:** 0001141819

- **d. LEI of Registrant:** 549300O1N816L3GGRD45

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 615 East Michigan Street

  - **City:** Milwaukee

  - **State:** WI

  - **Foreign country:** US

  - **Zip / Postal Code:** 53202

  - **Telephone number:** 513-520-5925

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

- **a. Name of Series:** Performance Trust Short Term Bond ETF

- **b. EDGAR series identifier (if any):** S000084154

- **c. LEI of Series:** 529900FFC2ACR7ZB0190

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

- **a. Date of fiscal year-end:** 2025-08-31

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

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $16608180.89

**Total Liabilities:** $7563.86

**Net Assets:** $16600617.03

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 871.830000000000 | **1-Year:** 750.780000000000 | **5-Year:** 952.180000000000 | **10-Year:** 388.490000000000 | **30-Year:** 155.030000000000

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

- **3-Month:** 345.110000000000 | **1-Year:** 89.680000000000 | **5-Year:** 36.490000000000 | **10-Year:** 113.280000000000 | **30-Year:** 5.220000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000248427 | -0.03%               | 0.44%                | -0.06%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $937.50                  | $-69793.09                                 |
| Month 2  | $-5491.56                | $-14513.03                                 |
| Month 3  | $-1.33                   | $-66011.99                                 |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Barclays Commercial Mortgage S | BBCMS Mortgage Trust 2024-5C27                               | CUSIP: 05555FAH7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   8361725 | PA      | $241957.38    | 1.46%             | 2057-07-15      | Variable      | 0.82%                 | No            |                  2 | On Loan: No      |
| BANK OZK                       | Bank OZK                                                     | CUSIP: 06417NA94<br>LEI: 549300VYK2WBD7SST478 | Long             | DBT              | CORP              | US        |    200000 | PA      | $178202.00    | 1.07%             | 2031-10-01      | Variable      | 2.75%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2021-B28 Mortgage Trust                            | CUSIP: 08163GAZ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4979900 | PA      | $269592.36    | 1.62%             | 2054-08-15      | Variable      | 1.26%                 | No            |                  2 | On Loan: No      |
| Citigroup Commercial Mortgage  | Citigroup Commercial Mortgage Trust 2016-C1                  | CUSIP: 17290YAU2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $245178.20    | 1.48%             | 2049-05-10      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| Exeter Automobile Receivables  | Exeter Automobile Receivables Trust 2023-1                   | CUSIP: 30168BAF7<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $254089.78    | 1.53%             | 2029-06-15      | Fixed         | 6.69%                 | No            |                  2 | On Loan: No      |
| FIRST BUSEY CORPORATION        | First Busey Corp                                             | CUSIP: 319383AD7<br>LEI: 549300X4ZNLYSX7GUY60 | Long             | DBT              | CORP              | US        |    240000 | PA      | $240000.00    | 1.45%             | 2030-06-01      | Variable      | 5.25%                 | No            |                  2 | On Loan: No      |
| PACIFIC PREMIER BANCORP        | Pacific Premier Bancorp Inc                                  | CUSIP: 69478XAE5<br>LEI: 549300Q1KIC3KLI0XG98 | Long             | DBT              | CORP              | US        |    138000 | PA      | $138000.00    | 0.83%             | 2030-06-15      | Variable      | 5.38%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                             | CUSIP: 912810UF3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $239570.31    | 1.44%             | 2044-11-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| Elevation CLO Ltd              | Elevation CLO 2018-10 Ltd                                    | CUSIP: 28623CAQ4<br>LEI: 5493005Q4N14IP6ASK07 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248896.75    | 1.50%             | 2031-10-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                  | CUSIP: 912797QL4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    275000 | PA      | $272255.47    | 1.64%             | 2025-08-26      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                  | CUSIP: 912797QT7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    240000 | PA      | $237214.25    | 1.43%             | 2025-09-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2016-C37               | CUSIP: 95000PAX2<br>LEI: 549300TRQQDPEF728F16 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $224502.83    | 1.35%             | 2049-12-15      | Variable      | 3.16%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2017-C34  | CUSIP: 61767EAJ3<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $274349.40    | 1.65%             | 2052-11-15      | Variable      | 4.11%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners 51 | Octagon Investment Partners 51 Ltd                           | CUSIP: 675943AC8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249416.50    | 1.50%             | 2034-07-20      | Floating      | 5.77%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares XXXVII CLO Ltd                                          | CUSIP: 04015NAQ7<br>LEI: 635400YF4AHA6NB2CU53 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249550.00    | 1.50%             | 2030-10-15      | Floating      | 5.66%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2023-5YR3                                              | CUSIP: 06211EAU5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $260509.70    | 1.57%             | 2056-09-15      | Variable      | 7.32%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Mortgage Backed Se | Wells Fargo Mortgage Backed Securities 2007-AR6 Trust        | CUSIP: 949794AA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    240055 | PA      | $235531.60    | 1.42%             | 2037-10-25      | Variable      | 7.02%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2023-3                 | CUSIP: 96041CAJ1<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    170000 | PA      | $170981.85    | 1.03%             | 2028-09-15      | Fixed         | 5.92%                 | No            |                  2 | On Loan: No      |
| American Credit Acceptance Rec | American Credit Acceptance Receivables Trust 2024-2          | CUSIP: 02531BAE9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252892.30    | 1.52%             | 2030-04-12      | Fixed         | 6.24%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137HDUX6<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10898262 | PA      | $267025.95    | 1.61%             | 2034-05-25      | Variable      | 0.28%                 | No            |                  2 | On Loan: No      |
| GLS Auto Receivables Trust     | GLS Auto Receivables Issuer Trust 2023-2                     | CUSIP: 379928AG9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $251285.85    | 1.51%             | 2029-03-15      | Fixed         | 5.69%                 | No            |                  2 | On Loan: No      |
| Elmwood CLO 23 Ltd             | Elmwood CLO 23 Ltd                                           | CUSIP: 29004AAG7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250000.00    | 1.51%             | 2036-04-16      | Floating      | 10.23%                | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FPHP3<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   1985000 | PA      | $103419.10    | 0.62%             | 2029-08-25      | Variable      | 1.39%                 | No            |                  2 | On Loan: No      |
| BANK5 2024-5YR9                | BANK5 2024-5YR9                                              | CUSIP: 06644VBM1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $309871.14    | 1.87%             | 2057-08-15      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                   | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |      1467 | NS      | $1467.45      | 0.01%             |  |  |  | No            |                  1 | On Loan: No      |
| MOOG INC                       | Moog Inc                                                     | CUSIP: 615394AM5<br>LEI: 549300WM2I4U7OBAHG07 | Long             | DBT              | CORP              | US        |    250000 | PA      | $242556.68    | 1.46%             | 2027-12-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                       | CUSIP: 912803DX8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    430000 | PA      | $185992.01    | 1.12%             | 2042-05-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| AmeriCredit Automobile Receiva | AmeriCredit Automobile Receivables Trust 2023-2              | CUSIP: 03065UAB5<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |     34959 | PA      | $35023.13     | 0.21%             | 2027-04-19      | Fixed         | 6.19%                 | No            |                  2 | On Loan: No      |
| ARES CLO Ltd                   | Ares Loan Funding IV Ltd                                     | CUSIP: 04020FAA2<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | JE        |    250000 | PA      | $250443.75    | 1.51%             | 2036-10-15      | Floating      | 6.01%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 Trust 2024-5YR6                                        | CUSIP: 066043AX8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   9996217 | PA      | $256195.03    | 1.54%             | 2057-05-15      | Variable      | 0.74%                 | No            |                  2 | On Loan: No      |
| BENCHMARK Mortgage Trust       | Benchmark 2025-V14 Mortgage Trust                            | CUSIP: 08164BAE0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   7999648 | PA      | $262772.43    | 1.58%             | 2057-04-15      | Variable      | 0.77%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FWG95<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4344576 | PA      | $237774.74    | 1.43%             | 2030-06-25      | Variable      | 1.32%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2019-H7                       | CUSIP: 61771MBB5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $223866.73    | 1.35%             | 2052-07-15      | Fixed         | 4.13%                 | No            |                  2 | On Loan: No      |
| PARK NATIONAL CORP             | Park National Corp                                           | CUSIP: 700658AA5<br>LEI: 984500Q3E941TDF87712 | Long             | DBT              | CORP              | US        |    250000 | PA      | $244057.79    | 1.47%             | 2030-09-01      | Variable      | 4.50%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill                                  | CUSIP: 912797QB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $248538.20    | 1.50%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                             | CUSIP: 912810TW8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    175000 | PA      | $171188.97    | 1.03%             | 2043-11-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| Voya CLO Ltd                   | Voya CLO 2016-3 Ltd                                          | CUSIP: 92915HBA0<br>LEI: 549300001G5S0D8B8343 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250089.25    | 1.51%             | 2031-10-18      | Floating      | 5.97%                 | No            |                  2 | On Loan: No      |
| COMM Mortgage Trust            | COMM 2024-CBM Mortgage Trust                                 | CUSIP: 12674GAC8<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $251979.10    | 1.52%             | 2041-12-10      | Variable      | 5.87%                 | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI       | Charles River Laboratories International Inc                 | CUSIP: 159864AG2<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |    150000 | PA      | $139345.46    | 0.84%             | 2029-03-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137FRZC8<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   4197079 | PA      | $254813.45    | 1.53%             | 2030-01-25      | Variable      | 1.59%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137H1Z58<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |  10317050 | PA      | $232164.58    | 1.40%             | 2028-07-25      | Variable      | 0.86%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXIV Ltd                                | CUSIP: 55820NAY7<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    225000 | PA      | $225292.28    | 1.36%             | 2029-10-20      | Floating      | 5.82%                 | No            |                  2 | On Loan: No      |
| Madison Park Funding Ltd       | Madison Park Funding XXIV Ltd                                | CUSIP: 55820NBA8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250400.25    | 1.51%             | 2029-10-20      | Floating      | 6.32%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley BAML Trust      | Morgan Stanley Bank of America Merrill Lynch Trust 2025-5C1  | CUSIP: 61778GAK2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4999891 | PA      | $236679.86    | 1.43%             | 2058-03-15      | Variable      | 1.16%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                       | CUSIP: 912803DY6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    400000 | PA      | $170360.18    | 1.03%             | 2042-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Westlake Automobile Receivable | Westlake Automobile Receivables Trust 2021-2                 | CUSIP: 96042RAG3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $248200.53    | 1.50%             | 2027-03-15      | Fixed         | 2.38%                 | No            |                  2 | On Loan: No      |
| Magnetite CLO Ltd              | Magnetite XIX Ltd                                            | CUSIP: 55954JAL2<br>LEI: 5493000OP4ZUZOOM1U45 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $245708.50    | 1.48%             | 2034-04-17      | Floating      | 9.38%                 | No            |                  2 | On Loan: No      |
| Octagon Investment Partners XX | Octagon Investment Partners XXII Ltd                         | CUSIP: 67572YBW1<br>LEI: 549300MQ9W5DWZ8QX450 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249909.75    | 1.51%             | 2030-01-22      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| Octagon 66 Ltd                 | Octagon 66 Ltd                                               | CUSIP: 67577WAP6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250595.25    | 1.51%             | 2036-11-16      | Floating      | 6.08%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 2024-5YR7                                              | CUSIP: 06211UBR5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   4798982 | PA      | $226251.36    | 1.36%             | 2057-06-15      | Variable      | 1.33%                 | No            |                  2 | On Loan: No      |
| Bank5                          | BANK5 Trust 2025-5YR13                                       | CUSIP: 06650CAM5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   6599004 | PA      | $284252.09    | 1.71%             | 2058-01-15      | Variable      | 1.06%                 | No            |                  2 | On Loan: No      |
| CIFC Funding Ltd               | Cifc Funding 2023-III Ltd                                    | CUSIP: 12598YAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250503.50    | 1.51%             | 2037-01-20      | Floating      | 6.57%                 | No            |                  2 | On Loan: No      |
| CPS Auto Trust                 | CPS Auto Receivables Trust 2023-A                            | CUSIP: 12664LAC9<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    211824 | PA      | $212010.84    | 1.28%             | 2029-04-16      | Fixed         | 5.54%                 | No            |                  2 | On Loan: No      |
| CENTENE CORP                   | Centene Corp                                                 | CUSIP: 15135BAV3<br>LEI: 549300Z7JJ4TQSQGT333 | Long             | DBT              | CORP              | US        |    250000 | PA      | $227942.00    | 1.37%             | 2030-02-15      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| CLARK CNTY NV ARPT REVENUE     | County of Clark Department of Aviation                       | CUSIP: 18085PMT8<br>LEI: 549300LDD8NZB2EOVG83 | Long             | DBT              | MUN               | US        |    250000 | PA      | $275154.10    | 1.66%             | 2045-07-01      | Fixed         | 6.82%                 | No            |                  2 | On Loan: No      |
| Cook Park CLO, Ltd             | Cook Park CLO Ltd                                            | CUSIP: 21623PAJ6<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $249909.00    | 1.51%             | 2030-04-17      | Floating      | 7.14%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137F82T9<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6949817 | PA      | $265701.93    | 1.60%             | 2030-11-25      | Variable      | 0.87%                 | No            |                  2 | On Loan: No      |
| FHLMC Multifamily Structured P | Freddie Mac Multifamily Structured Pass Through Certificates | CUSIP: 3137HHJ28<br>LEI: S6XOOCT0IEG5ABCC6L87 | Long             | ABS-MBS          | USGSE             | US        |   6149665 | PA      | $287713.91    | 1.73%             | 2034-09-25      | Variable      | 0.60%                 | No            |                  2 | On Loan: No      |
| Greenwood Park CLO, Ltd        | Greenwood Park CLO Ltd                                       | CUSIP: 39729RAE8<br>LEI: N/A                  | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $250603.50    | 1.51%             | 2031-04-15      | Floating      | 7.02%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST FIN AUTH REVENUE   | Michigan Finance Authority                                   | CUSIP: 59447TH97<br>LEI: 54930022O46HOX5J1D14 | Long             | DBT              | MUN               | US        |     70000 | PA      | $64707.30     | 0.39%             | 2039-06-01      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| Morgan Stanley Capital I Trust | Morgan Stanley Capital I Trust 2017-H1                       | CUSIP: 61691JAZ7<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    300000 | PA      | $285977.40    | 1.72%             | 2050-06-15      | Fixed         | 4.08%                 | No            |                  2 | On Loan: No      |
| NBT BANCORP INC                | NBT Bancorp Inc                                              | CUSIP: 628778AB8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    250000 | PA      | $247490.50    | 1.49%             | 2030-07-01      | Variable      | 5.00%                 | No            |                  2 | On Loan: No      |
| OKLAHOMA ST DEV FIN AUTH HLTHS | Oklahoma Development Finance Authority                       | CUSIP: 67884XCP0<br>LEI: 549300PXGPHUWC32DJ91 | Long             | DBT              | MUN               | US        |    250000 | PA      | $242503.03    | 1.46%             | 2028-08-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Santander Drive Auto Receivabl | Santander Drive Auto Receivables Trust 2023-4                | CUSIP: 802927AE3<br>LEI: N/A                  | Long             | ABS-O            | CORP              | US        |    250000 | PA      | $252660.55    | 1.52%             | 2028-12-15      | Fixed         | 5.77%                 | No            |                  2 | On Loan: No      |
| SCIENCE APPLICATIONS INT       | Science Applications International Corp                      | CUSIP: 808625AA5<br>LEI: 549300LZPNZIXQGZPZ48 | Long             | DBT              | CORP              | US        |    250000 | PA      | $243850.83    | 1.47%             | 2028-04-01      | Fixed         | 4.88%                 | No            |                  2 | On Loan: No      |
| SIRIUS XM RADIO LLC            | Sirius XM Radio LLC                                          | CUSIP: 82967NBJ6<br>LEI: WP5O65E6BMU84LNO4227 | Long             | DBT              | CORP              | US        |    200000 | PA      | $189910.08    | 1.14%             | 2028-07-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Symphony CLO Ltd               | Symphony CLO XXIII Ltd                                       | CUSIP: 87167NDN2<br>LEI: 54930001DQI1CFLYVB48 | Long             | ABS-CBDO         | CORP              | KY        |    250000 | PA      | $248848.25    | 1.50%             | 2034-01-15      | Floating      | 5.61%                 | No            |                  2 | On Loan: No      |
| TEXAS CAPITAL BANK NA          | Texas Capital Bank NA                                        | CUSIP: 88224PJS9<br>LEI: 38PG5GG0OEQK4QMSKE59 | Long             | DBT              | CORP              | US        |    250000 | PA      | $248242.50    | 1.50%             | 2026-01-31      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| STRIP PRINC                    | United States Treasury Strip Principal                       | CUSIP: 912803EJ8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    250000 | PA      | $94954.18     | 0.57%             | 2044-08-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                             | CUSIP: 912810TS7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    175000 | PA      | $152988.28    | 0.92%             | 2043-05-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                             | CUSIP: 912810TU2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    175000 | PA      | $163293.46    | 0.98%             | 2043-08-15      | Fixed         | 4.38%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2018-C43               | CUSIP: 95001LAY8<br>LEI: 549300RVQJTKIK3XGD11 | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $236815.13    | 1.43%             | 2051-03-15      | Variable      | 4.25%                 | No            |                  2 | On Loan: No      |
| Wells Fargo Commercial Mortgag | Wells Fargo Commercial Mortgage Trust 2019-C49               | CUSIP: 95001WAC2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    250000 | PA      | $212361.15    | 1.28%             | 2052-03-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer