# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001193125-26-218731
**Filing Date:** 2026-5
**Character Count:** 130892
**Document Hash:** f361a151b87ed39d42a3dcecea8880de
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001193125-26-218731.hdr.sgml**: 20260512

**ACCESSION NUMBER**: 0001193125-26-218731

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260512

**DATE AS OF CHANGE**: 20260512

**PERIOD START**: 20261231

**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:** 26967346

**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

### Mairs & Power Balanced Fund (Series ID: S000076013)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000235438 | Mairs & Power Balanced Fund | MAPOX           |

## Nport-Ex

---

| | | |
|:---|:---|:---|
| **Mairs & Power Balanced Fund** | **Mairs & Power Balanced Fund** | **Mairs & Power Balanced Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** | **March 31, 2026 (Unaudited)** |
| **COMMON STOCKS - 60.2%** | **Shares**  | **Value**  |
| **Communication Services - 3.4%** | **Communication Services - 3.4%** | |
| Alphabet, Inc. - Class C | 62078 | $17807695 |
| Walt Disney Co. | 37000 | 3566060 |
|  |  | 21373755 |
| **Consumer Discretionary - 3.1%** | **Consumer Discretionary - 3.1%** |  |
| Amazon.com, Inc. <sup>(a)</sup> | 74000 | 15411980 |
| Home Depot, Inc. | 14211 | 4673856 |
|  |  | 20085836 |
| **Consumer Staples - 3.3%** | **Consumer Staples - 3.3%** |  |
| Casey's General Stores, Inc. | 8000 | 5822880 |
| Hershey Co. | 13000 | 2702570 |
| Hormel Foods Corp. | 227474 | 5152286 |
| Procter & Gamble Co. | 44000 | 6355360 |
| Sysco Corp. | 14546 | 1037566 |
|  |  | 21070662 |
| **Financials - 9.3%** | **Financials - 9.3%** |  |
| American Express Co. | 12710 | 3844521 |
| Ameriprise Financial, Inc. | 16000 | 7110400 |
| Fiserv, Inc. <sup>(a)</sup> | 100357 | 5599920 |
| JPMorgan Chase & Co. | 40949 | 12045558 |
| Travelers Cos., Inc. | 27000 | 7875360 |
| US Bancorp | 91768 | 4772854 |
| Visa, Inc. - Class A | 48011 | 14510845 |
| Wells Fargo & Co. | 46967 | 3739043 |
|  |  | 59498501 |
| **Health Care - 9.7%** | **Health Care - 9.7%** |  |
| Abbott Laboratories | 121843 | 12509621 |
| Bio-Techne Corp. | 106876 | 5585340 |
| Eli Lilly & Co. | 10306 | 9479150 |
| Johnson & Johnson | 25396 | 6207798 |
| Medtronic PLC | 119000 | 10311350 |
| Roche Holding AG - ADR | 197000 | 9792870 |
| UnitedHealth Group, Inc. | 28438 | 7695038 |
|  |  | 61581167 |
| **Industrials - 11.4%** | **Industrials - 11.4%** |  |
| 3M Co. | 6527 | 947916 |
| Automatic Data Processing, Inc. | 34000 | 6908120 |
| CH Robinson Worldwide, Inc. | 35000 | 5812450 |
| Donaldson Co., Inc. | 28569 | 2424651 |
| Fastenal Co. | 260000 | 12064000 |
| Graco, Inc. | 122467 | 10366832 |
| nVent Electric PLC | 53758 | 6358496 |
| Rockwell Automation, Inc. | 20375 | 7312180 |
| Tennant Co. | 20750 | 1377800 |
| Toro Co. | 123983 | 11584972 |
| Waste Management, Inc. | 32000 | 7353280 |
|  |  | 72510697 |
| **Information Technology - 11.0%** | **Information Technology - 11.0%** |  |
| Entegris, Inc. | 74000 | 8675760 |
| Littelfuse, Inc. | 21750 | 7380862 |
| Microsoft Corp. | 54374 | 20127624 |
| Motorola Solutions, Inc. | 29205 | 12674094 |
| Palo Alto Networks, Inc. <sup>(a)</sup> | 22000 | 3527040 |
| QUALCOMM, Inc. | 15317 | 1972523 |
| Texas Instruments, Inc. | 82000 | 15919480 |
|  |  | 70277383 |
| **Materials - 4.9%** | **Materials - 4.9%** |  |
| Ecolab, Inc. | 58926 | 15675494 |
| HB Fuller Co. | 79841 | 4924593 |
| Sherwin-Williams Co. | 34000 | 10898700 |
|  |  | 31498787 |
| **Utilities - 4.1%** | **Utilities - 4.1%** |  |
| WEC Energy Group, Inc. | 103000 | 11924310 |
| Xcel Energy, Inc. | 177100 | 14068824 |
|  |  | 25993134 |
| **TOTAL COMMON STOCKS** (Cost $233,901,111) | **TOTAL COMMON STOCKS** (Cost $233,901,111) | 383889922 |
| **CORPORATE BONDS - 33.8%** | **Par**  | **Value**  |
| **Communication Services - 0.7%** | **Communication Services - 0.7%** | **Communication Services - 0.7%** |
|  AT&T, Inc., 6.45%, 06/15/2034 | 1000000 | 1060016 |
|  Comcast Corp., 4.25%, 01/15/2033 | 2000000 | 1934717 |
|  Netflix, Inc., 5.88%, 11/15/2028 | 1688000 | 1756574 |
|  |  | 4751307 |
| **Communications - 0.8%** | **Communications - 0.8%** | **Communications - 0.8%** |
|  Cox Communications, Inc., 4.80%, 02/01/2035 <sup>(b)</sup> | 1880000 | 1713007 |
|  Discovery Communications LLC, 4.95%, 05/15/2042 | 570000 | 365718 |
| Discovery Global Holdings, Inc. | Discovery Global Holdings, Inc. | Discovery Global Holdings, Inc. |
| &nbsp;&nbsp; 4.28%, 03/15/2032 | 581000 | 512546 |
| &nbsp;&nbsp; 5.05%, 03/15/2042 | 800000 | 531568 |
|  T-Mobile USA, Inc., 5.75%, 01/15/2034 | 2000000 | 2087800 |
|  |  | 5210639 |
| **Consumer Discretionary - 3.8%** | **Consumer Discretionary - 3.8%** | **Consumer Discretionary - 3.8%** |
|  American Airlines 2014-1 Class A Pass Through Trust, Series 2014-1, 3.70%, 10/01/2026 | 854110 | 848955 |
|  American Airlines 2015-1 Class A Pass Through Trust, Series 2015-1, 3.38%, 05/01/2027 | 220450 | 216905 |
|  American Airlines 2015-2 Class A Pass Through Trust, Series 2015-2, 4.00%, 09/22/2027 | 329411 | 324685 |
|  American Airlines 2015-2 Class AA Pass Through Trust, 3.60%, 09/22/2027 | 101033 | 99476 |
|  AutoNation, Inc., 3.80%, 11/15/2027 | 1110000 | 1096319 |
|  Block Financial LLC, 3.88%, 08/15/2030 | 1000000 | 943551 |
|  British Airways 2018-1 Class A Pass Through Trust, Series 2018-1, 4.13%, 09/20/2031 <sup>(b)</sup> | 457557 | 438249 |
| Choice Hotels International, Inc. | Choice Hotels International, Inc. | Choice Hotels International, Inc. |
| &nbsp;&nbsp; 3.70%, 12/01/2029 | 1000000 | 958746 |
| &nbsp;&nbsp; 5.85%, 08/01/2034 | 750000 | 757765 |
|  eBay, Inc., 6.30%, 11/22/2032 | 2000000 | 2155871 |
| Ford Motor Co. | Ford Motor Co. | Ford Motor Co. |
| &nbsp;&nbsp; 6.10%, 08/19/2032 | 2000000 | 2013703 |
| &nbsp;&nbsp; 4.75%, 01/15/2043 | 1000000 | 756836 |
|  Ford Motor Credit Co. LLC, 3.63%, 06/17/2031 | 1750000 | 1577976 |
| General Motors Co. | General Motors Co. | General Motors Co. |
| &nbsp;&nbsp; 4.20%, 10/01/2027 | 1000000 | 994634 |
| &nbsp;&nbsp; 5.15%, 04/01/2038 | 1000000 | 939464 |
|  General Motors Financial Co., Inc., 5.75%, 02/08/2031 | 500000 | 516398 |
|  Lear Corp., 3.80%, 09/15/2027 | 2245000 | 2223366 |
|  Lowe's Cos., Inc., 4.65%, 04/15/2042 | 880000 | 782231 |
|  McDonald's Corp., 3.70%, 02/15/2042 | 1000000 | 806871 |
|  Mohawk Industries, Inc., 3.63%, 05/15/2030 | 1000000 | 958869 |
|  Stellantis Financial Services US Corp., 4.95%, 09/15/2028 <sup>(b)</sup> | 2000000 | 1989247 |
|  United Airlines 2014-1 Class A Pass Through Trust, Series A, 4.00%, 04/11/2026 | 367145 | 367763 |
|  United Airlines 2014-2 Class A Pass Through Trust, Series A, 3.75%, 09/03/2026 | 290922 | 289895 |
| Whirlpool Corp. | Whirlpool Corp. | Whirlpool Corp. |
| &nbsp;&nbsp; 5.75%, 03/01/2034 | 1000000 | 892218 |
| &nbsp;&nbsp; 5.15%, 03/01/2043 | 1100000 | 825673 |
|  Wildlife Conservation Society, 3.41%, 08/01/2050 | 1000000 | 637673 |
|  |  | 24413339 |
| **Consumer Staples - 1.0%** | **Consumer Staples - 1.0%** | **Consumer Staples - 1.0%** |
|  Land O' Lakes Capital Trust I, 7.45%, 03/15/2028 <sup>(b)</sup> | 1949000 | 2003291 |
| Land O' Lakes, Inc. | Land O' Lakes, Inc. | Land O' Lakes, Inc. |
| &nbsp;&nbsp; 7.25%, Perpetual <sup>(b)</sup> | 2500000 | 2293750 |
| &nbsp;&nbsp; 7.00%, Perpetual <sup>(b)</sup> | 2500000 | 2212500 |
|  |  | 6509541 |
| **Energy - 1.3%** | **Energy - 1.3%** | **Energy - 1.3%** |
| Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP | Kinder Morgan Energy Partners LP |
| &nbsp;&nbsp; 5.80%, 03/15/2035 | 1200000 | 1245464 |
| &nbsp;&nbsp; 6.95%, 01/15/2038 | 1000000 | 1117820 |
|  MPLX LP, 4.50%, 04/15/2038 | 2000000 | 1799093 |
|  Murphy Oil Corp., 5.88%, 12/01/2042 <sup>(c)</sup> | 500000 | 425861 |
|  Northern Natural Gas Co., 4.10%, 09/15/2042 <sup>(b)</sup> | 1021000 | 822949 |
|  ONEOK Partners LP, 6.20%, 09/15/2043 | 1203000 | 1202326 |
|  ONEOK, Inc., 6.00%, 06/15/2035 | 1000000 | 1039701 |
|  Sabal Trail Transmission LLC, 4.68%, 05/01/2038 <sup>(b)</sup> | 1000000 | 936985 |
|  |  | 8590199 |
| **Financials - 11.3%** | **Financials - 11.3%** | **Financials - 11.3%** |
|  Affiliated Managers Group, Inc., 5.50%, 02/15/2036 | 1000000 | 986534 |
|  American Express Co., 5.41% (5 yr. CMT Rate + 1.15%), 02/08/2041 | 1000000 | 993790 |
|  AmFam Holdings, Inc., 2.81%, 03/11/2031 <sup>(b)</sup> | 1540000 | 1353058 |
|  Associated Banc-Corp., 6.46% to 08/29/2029 then SOFR + 3.03%, 08/29/2030 | 1151000 | 1178295 |
| Assurant, Inc. | Assurant, Inc. | Assurant, Inc. |
| &nbsp;&nbsp; 3.70%, 02/22/2030 | 1500000 | 1441377 |
| &nbsp;&nbsp; 2.65%, 01/15/2032 | 1000000 | 875528 |
| Bank of America Corp. | Bank of America Corp. | Bank of America Corp. |
| &nbsp;&nbsp; 5.02% to 07/22/2032 then SOFR + 2.16%, 07/22/2033 | 1000000 | 1006089 |
| &nbsp;&nbsp; 2.48% to 09/21/2031 then 5 yr. CMT Rate + 1.20%, 09/21/2036 | 1900000 | 1644007 |
|  Bank of Montreal, 3.09% to 01/10/2032 then 5 yr. CMT Rate + 1.40%, 01/10/2037 | 2150000 | 1911603 |
|  Capital One Financial Corp., 6.18% to 01/30/2035 then SOFR + 2.04%, 01/30/2036 | 2000000 | 2037332 |
|  CBRE Services, Inc., 5.95%, 08/15/2034 | 2000000 | 2084307 |
|  Charles Schwab Corp., 4.00% to 12/01/2030 then 10 yr. CMT Rate + 3.08%, Perpetual | 2000000 | 1842651 |
|  Cincinnati Financial Corp., 6.13%, 11/01/2034 | 1301000 | 1367351 |
|  Citigroup, Inc., 3.07% to 02/24/2027 then SOFR + 1.28%, 02/24/2028 | 500000 | 494026 |
|  CNA Financial Corp., 5.50%, 06/15/2033 | 2000000 | 2033249 |
|  Farmers Exchange Capital, 7.05%, 07/15/2028 <sup>(b)</sup> | 1650000 | 1712388 |
|  First American Financial Corp., 5.45%, 09/30/2034 | 1000000 | 981578 |
|  First National of Nebraska, Inc., 7.25% to 06/15/2030 then 3 mo. Term SOFR + 3.61%, 06/15/2035 <sup>(b)</sup> | 750000 | 777192 |
|  FMR LLC, 6.45%, 11/15/2039 <sup>(b)</sup> | 1141000 | 1237130 |
|  Fulton Financial Corp., 3.75% to 03/15/2030 then 3 mo. Term SOFR + 2.70%, 03/15/2035 | 3000000 | 2754688 |
| Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. | Goldman Sachs Group, Inc. |
| &nbsp;&nbsp; 5.22% to 04/23/2030 then SOFR + 1.58%, 04/23/2031 | 500000 | 508651 |
| &nbsp;&nbsp; 2.65% to 10/21/2031 then SOFR + 1.26%, 10/21/2032 | 2000000 | 1774303 |
| Hanover Insurance Group, Inc. | Hanover Insurance Group, Inc. | Hanover Insurance Group, Inc. |
| &nbsp;&nbsp; 2.50%, 09/01/2030 | 2500000 | 2270082 |
| &nbsp;&nbsp; 5.50%, 09/01/2035 | 1000000 | 993888 |
|  Hartford Insurance Group, Inc., 6.63%, 04/15/2042 | 2300000 | 2475206 |
|  Huntington Bancshares, Inc., 5.61% (5 yr. CMT Rate + 1.35%), 01/28/2041 | 2000000 | 1953837 |
| JPMorgan Chase & Co. | JPMorgan Chase & Co. | JPMorgan Chase & Co. |
| &nbsp;&nbsp; 3.65% to 06/01/2026 then 5 yr. CMT Rate + 2.85%, Perpetual | 1000000 | 996073 |
| &nbsp;&nbsp; 4.13%, 12/15/2026 | 1000000 | 999445 |
| LPL Holdings, Inc. | LPL Holdings, Inc. | LPL Holdings, Inc. |
| &nbsp;&nbsp; 6.00%, 05/20/2034 | 2000000 | 2041252 |
| &nbsp;&nbsp; 5.75%, 06/15/2035 | 1000000 | 997109 |
| M&T Bank Corp. | M&T Bank Corp. | M&T Bank Corp. |
| &nbsp;&nbsp; 5.13% to 11/01/2026 then 3 mo. Term SOFR + 3.78%, Perpetual | 1000000 | 992227 |
| &nbsp;&nbsp; 5.18% to 07/08/2030 then SOFR + 1.40%, 07/08/2031 | 2000000 | 2023127 |
|  Mercury General Corp., 4.40%, 03/15/2027 | 4000000 | 3973423 |
| Morgan Stanley | Morgan Stanley | Morgan Stanley |
| &nbsp;&nbsp; 2.94% to 01/21/2032 then SOFR + 1.29%, 01/21/2033 | 1700000 | 1528549 |
| &nbsp;&nbsp; 2.48% to 09/16/2031 then SOFR + 1.36%, 09/16/2036 | 750000 | 645687 |
| Old Republic International Corp. | Old Republic International Corp. | Old Republic International Corp. |
| &nbsp;&nbsp; 3.88%, 08/26/2026 | 790000 | 789156 |
| &nbsp;&nbsp; 5.75%, 03/28/2034 | 1000000 | 1022959 |
|  Penn Mutual Life Insurance Co., 6.65%, 06/15/2034 <sup>(b)</sup> | 470000 | 506131 |
| Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. | Penske Truck Leasing Co. Lp / PTL Finance Corp. |
| &nbsp;&nbsp; 5.70%, 02/01/2028 <sup>(b)</sup> | 500000 | 507966 |
| &nbsp;&nbsp; 6.05%, 08/01/2028 <sup>(b)</sup> | 500000 | 514451 |
|  PNC Financial Services Group, Inc., 3.40% to 09/15/2026 then 5 yr. CMT Rate + 2.60%, Perpetual | 2000000 | 1962145 |
|  Principal Financial Group, Inc., 4.35%, 05/15/2043 | 500000 | 420696 |
|  Protective Life Corp., 5.35%, 12/15/2035 <sup>(b)</sup> | 500000 | 491821 |
|  Selective Insurance Group, Inc., 5.90%, 04/15/2035 | 1500000 | 1547152 |
|  Synchrony Financial, 5.94% to 08/02/2029 then SOFR + 2.13%, 08/02/2030 | 1000000 | 1016282 |
| US Bancorp | US Bancorp | US Bancorp |
| &nbsp;&nbsp; 5.85% to 10/21/2032 then SOFR + 2.09%, 10/21/2033 | 2000000 | 2103917 |
| &nbsp;&nbsp; 2.49% to 11/03/2031 then 5 yr. CMT Rate + 0.95%, 11/03/2036 | 2000000 | 1729530 |
| Wells Fargo & Co. | Wells Fargo & Co. | Wells Fargo & Co. |
| &nbsp;&nbsp; 4.10%, 06/03/2026 | 1000000 | 1000105 |
| &nbsp;&nbsp; 5.71% to 04/22/2027 then SOFR + 1.07%, 04/22/2028 | 2000000 | 2025876 |
|  Wintrust Financial Corp., 4.85%, 06/06/2029 | 3500000 | 3418807 |
|  |  | 71942026 |
| **Health Care - 1.4%** | **Health Care - 1.4%** | **Health Care - 1.4%** |
|  Bristol-Myers Squibb Co., 2.35%, 11/13/2040 | 1500000 | 1048561 |
|  CVS Health Corp., 2.70%, 08/21/2040 | 1500000 | 1056908 |
|  DENTSPLY SIRONA, Inc., 3.25%, 06/01/2030 | 1000000 | 921268 |
|  Humana, Inc., 5.95%, 03/15/2034 | 1000000 | 1019622 |
|  Laboratory Corp. of America Holdings, 4.55%, 04/01/2032 | 1000000 | 988120 |
|  UnitedHealth Group, Inc., 6.50%, 06/15/2037 | 2000000 | 2187771 |
|  Viatris, Inc., 2.30%, 06/22/2027 | 1500000 | 1454796 |
|  |  | 8677046 |
| **Industrials - 3.3%** | **Industrials - 3.3%** | **Industrials - 3.3%** |
|  Ashtead Capital, Inc., 5.80%, 04/15/2034 <sup>(b)</sup> | 1000000 | 1020843 |
|  Delta Air Lines, Inc., 5.25%, 07/10/2030 | 3000000 | 3021312 |
|  Equifax, Inc., 7.00%, 07/01/2037 | 2000000 | 2217412 |
|  FedEx Corp., 4.10%, 04/15/2043 | 1000000 | 810324 |
| GATX Corp. | GATX Corp. | GATX Corp. |
| &nbsp;&nbsp; 5.45%, 09/15/2033 | 1000000 | 1016785 |
| &nbsp;&nbsp; 6.05%, 03/15/2034 | 500000 | 526143 |
| &nbsp;&nbsp; 6.90%, 05/01/2034 | 500000 | 548642 |
| &nbsp;&nbsp; 5.50%, 06/15/2035 | 500000 | 504640 |
|  HNI Corp., 5.13%, 01/18/2029 <sup>(b)</sup> | 1375000 | 1316770 |
|  Kennametal, Inc., 4.63%, 06/15/2028 | 1500000 | 1506400 |
|  Leidos Holdings, Inc., 5.95%, 12/01/2040 | 1400000 | 1394962 |
|  nVent Finance Sarl, 5.65%, 05/15/2033 | 1495000 | 1535929 |
|  Paychex, Inc., 5.60%, 04/15/2035 | 1000000 | 1005283 |
|  Resideo Funding, Inc., 6.50%, 07/15/2032 <sup>(b)</sup> | 1000000 | 986251 |
|  Textron, Inc., 4.95%, 03/15/2036 | 1000000 | 973858 |
|  Toro Co., 7.80%, 06/15/2027 | 500000 | 517490 |
|  United Rentals North America, Inc., 3.75%, 01/15/2032 | 1000000 | 916902 |
|  Verisk Analytics, Inc., 4.45%, 03/15/2031 | 1000000 | 983835 |
|  |  | 20803781 |
| **Information Technology - 2.9%** | **Information Technology - 2.9%** | **Information Technology - 2.9%** |
|  Analog Devices, Inc., 2.80%, 10/01/2041 | 1000000 | 718525 |
|  Autodesk, Inc., 2.40%, 12/15/2031 | 1000000 | 877765 |
| Avnet, Inc. | Avnet, Inc. | Avnet, Inc. |
| &nbsp;&nbsp; 3.00%, 05/15/2031 | 2000000 | 1790025 |
| &nbsp;&nbsp; 5.50%, 06/01/2032 | 1000000 | 1012944 |
|  Broadcom, Inc., 4.93%, 05/15/2037 <sup>(b)</sup> | 1500000 | 1456894 |
|  Entegris, Inc., 4.75%, 04/15/2029 <sup>(b)</sup> | 3000000 | 2967195 |
|  Fortinet, Inc., 2.20%, 03/15/2031 | 1500000 | 1329399 |
| HP, Inc. | HP, Inc. | HP, Inc. |
| &nbsp;&nbsp; 2.65%, 06/17/2031 | 1000000 | 889605 |
| &nbsp;&nbsp; 5.50%, 01/15/2033 | 2000000 | 2026608 |
|  Micron Technology, Inc., 6.05%, 11/01/2035 | 500000 | 539942 |
|  Motorola Solutions, Inc., 5.50%, 09/01/2044 | 2000000 | 1920346 |
| Oracle Corp. | Oracle Corp. | Oracle Corp. |
| &nbsp;&nbsp; 4.20%, 09/27/2029 | 1000000 | 968564 |
| &nbsp;&nbsp; 3.60%, 04/01/2040 | 3000000 | 2178004 |
|  |  | 18675816 |
| **Materials - 2.6%** | **Materials - 2.6%** | **Materials - 2.6%** |
|  Albemarle Corp., 5.05%, 06/01/2032 | 850000 | 853658 |
|  Albemarle Wodgina Pty Ltd., 3.45%, 11/15/2029 | 1175000 | 1110884 |
| Cabot Corp. | Cabot Corp. | Cabot Corp. |
| &nbsp;&nbsp; 3.40%, 09/15/2026 | 1500000 | 1490743 |
| &nbsp;&nbsp; 4.00%, 07/01/2029 | 1800000 | 1780163 |
|  Celanese US Holdings LLC, 7.20%, 11/15/2033 <sup>(c)</sup> | 2000000 | 2133686 |
|  Eastman Chemical Co., 5.63%, 02/20/2034 | 1000000 | 1014321 |
|  HB Fuller Co., 4.25%, 10/15/2028 | 1700000 | 1641504 |
| International Flavors & Fragrances, Inc. | International Flavors & Fragrances, Inc. | International Flavors & Fragrances, Inc. |
| &nbsp;&nbsp; 1.83%, 10/15/2027 <sup>(b)</sup> | 486000 | 466357 |
| &nbsp;&nbsp; 3.27%, 11/15/2040 <sup>(b)</sup> | 1000000 | 749910 |
|  LYB International Finance III LLC, 6.15%, 05/15/2035 | 2000000 | 2056927 |
|  Mosaic Co., 5.45%, 11/15/2033 | 2000000 | 2023401 |
|  Westlake Corp., 5.55%, 11/15/2035 | 1000000 | 998106 |
|  |  | 16319660 |
| **Technology - 0.9%** | **Technology - 0.9%** | **Technology - 0.9%** |
|  CDW LLC / CDW Finance Corp., 5.55%, 08/22/2034 | 1000000 | 983897 |
|  Dell, Inc., 5.40%, 09/10/2040 | 1000000 | 966623 |
|  Leidos, Inc., 5.50%, 07/01/2033 | 3850000 | 3920224 |
|  |  | 5870744 |
| **Utilities - 3.8%** | **Utilities - 3.8%** | **Utilities - 3.8%** |
|  Alliant Energy Finance LLC, 3.60%, 03/01/2032 <sup>(b)</sup> | 1000000 | 925404 |
|  Ameren Corp., 5.38%, 03/15/2035 | 1000000 | 1011486 |
| Black Hills Corp. | Black Hills Corp. | Black Hills Corp. |
| &nbsp;&nbsp; 4.35%, 05/01/2033 | 1000000 | 952239 |
| &nbsp;&nbsp; 6.15%, 05/15/2034 | 2000000 | 2108826 |
|  Duke Energy Carolinas LLC, 6.10%, 06/01/2037 | 1000000 | 1058382 |
|  Duke Energy Progress LLC, 5.70%, 04/01/2035 | 1165000 | 1200282 |
|  Great River Energy, 7.23%, 07/01/2038 <sup>(b)</sup> | 706140 | 791076 |
| Interstate Power and Light Co. | Interstate Power and Light Co. | Interstate Power and Light Co. |
| &nbsp;&nbsp; 6.30%, 05/01/2034 | 1000000 | 1060090 |
| &nbsp;&nbsp; 6.25%, 07/15/2039 | 2000000 | 2118895 |
|  ITC Holdings Corp., 5.40%, 06/01/2033 <sup>(b)</sup> | 1045000 | 1062616 |
|  Niagara Mohawk Power Corp., 4.28%, 10/01/2034 <sup>(b)</sup> | 2000000 | 1863914 |
|  Public Service Co. of Colorado, 6.50%, 08/01/2038 | 2000000 | 2190652 |
|  Public Service Co. of Oklahoma, 5.20%, 01/15/2035 | 1000000 | 996475 |
|  Southwestern Electric Power Co., 5.20%, 04/01/2036 | 1275000 | 1255057 |
|  Southwestern Public Service Co., 6.00%, 10/01/2036 | 1000000 | 1030535 |
|  Toledo Edison Co., 2.65%, 05/01/2028 <sup>(b)</sup> | 416000 | 395193 |
| Virginia Electric and Power Co. | Virginia Electric and Power Co. | Virginia Electric and Power Co. |
| &nbsp;&nbsp; 6.35%, 11/30/2037 | 1065000 | 1151459 |
| &nbsp;&nbsp; 4.00%, 01/15/2043 | 1000000 | 802441 |
|  Wisconsin Power and Light Co., 4.95%, 04/01/2033 | 1000000 | 1003878 |
|  Xcel Energy, Inc., 5.60%, 04/15/2035 | 1000000 | 1017425 |
|  |  | 23996325 |
| **TOTAL CORPORATE BONDS** (Cost $221,244,005) | **TOTAL CORPORATE BONDS** (Cost $221,244,005) | 215760423 |
| **U.S. TREASURY SECURITIES - 2.4%** | **Par**  | **Value**  |
| United States Treasury Note/Bond | United States Treasury Note/Bond | United States Treasury Note/Bond |
| &nbsp;&nbsp; 0.75%, 04/30/2026 | 1000000 | 997640 |
| &nbsp;&nbsp; 1.13%, 10/31/2026 | 1000000 | 984806 |
| &nbsp;&nbsp; 2.63%, 05/31/2027 | 3000000 | 2959922 |
| &nbsp;&nbsp; 1.25%, 06/30/2028 | 1000000 | 945234 |
| &nbsp;&nbsp; 1.00%, 07/31/2028 | 1000000 | 937793 |
| &nbsp;&nbsp; 1.25%, 09/30/2028 | 1000000 | 939199 |
| &nbsp;&nbsp; 2.63%, 02/15/2029 | 2000000 | 1935195 |
| &nbsp;&nbsp; 1.38%, 11/15/2031 | 2000000 | 1735351 |
| &nbsp;&nbsp; 2.88%, 05/15/2032 | 2000000 | 1871602 |
| &nbsp;&nbsp; 4.25%, 05/15/2035 | 1500000 | 1497393 |
| &nbsp;&nbsp; 3.25%, 05/15/2042 | 500000 | 413184 |
| **TOTAL U.S. TREASURY SECURITIES** (Cost $15,422,609) | **TOTAL U.S. TREASURY SECURITIES** (Cost $15,422,609) | 15217319 |
| **MUNICIPAL BONDS - 2.2%** | **Par**  | **Value**  |
|  Borough of Naugatuck CT, 3.09%, 09/15/2046 | 1000000 | 719330 |
|  Colorado Housing and Finance Authority, 5.14%, 05/01/2037 | 1000000 | 1001325 |
|  Crowley Independent School District, 3.01%, 08/01/2038 | 1000000 | 861509 |
|  DeKalb Kane & LaSalle Counties Etc Community College District No 523 Kishwaukee, 3.02%, 02/01/2036 | 500000 | 430547 |
|  Desert Community College District, 2.46%, 08/01/2040 | 300000 | 229864 |
|  Glendale Community College District, 2.11%, 08/01/2031 | 650000 | 585426 |
|  Idaho Bond Bank Authority, 2.35%, 09/15/2038 | 500000 | 395988 |
| Iowa Finance Authority | Iowa Finance Authority | Iowa Finance Authority |
| &nbsp;&nbsp; 5.24%, 01/01/2035 | 500000 | 510600 |
| &nbsp;&nbsp; 5.28%, 07/01/2035 | 600000 | 612221 |
|  Massachusetts Development Finance Agency, 2.55%, 05/01/2040 | 885000 | 668670 |
|  Michigan State Housing Development Authority, 4.12%, 12/01/2030 | 500000 | 495943 |
|  Michigan State University, 4.50%, 08/15/2048 | 1000000 | 910105 |
| Minnesota Housing Finance Agency | Minnesota Housing Finance Agency | Minnesota Housing Finance Agency |
| &nbsp;&nbsp; 5.41%, 07/01/2035 | 965000 | 981872 |
| &nbsp;&nbsp; 5.00%, 01/01/2036 | 400000 | 397687 |
| &nbsp;&nbsp; 5.05%, 07/01/2036 | 480000 | 478734 |
| &nbsp;&nbsp; 5.50%, 07/01/2041 | 500000 | 501518 |
| North Dakota Housing Finance Agency | North Dakota Housing Finance Agency | North Dakota Housing Finance Agency |
| &nbsp;&nbsp; 5.63%, 07/01/2035 | 300000 | 311094 |
| &nbsp;&nbsp; 5.68%, 01/01/2036 | 630000 | 652908 |
|  Pierre School District No 32-2, 2.04%, 08/01/2033 | 920000 | 800037 |
|  Redondo Beach Unified School District, 2.04%, 08/01/2034 | 500000 | 409603 |
|  Socorro Independent School District, 2.13%, 08/15/2031 | 500000 | 450396 |
|  Village of Ashwaubenon WI, 2.97%, 06/01/2040 | 505000 | 402963 |
|  Woodbury County Law Enforcement Center Authority, 3.09%, 06/01/2040 | 750000 | 600685 |
|  Worthington Independent School District No 518, 3.30%, 02/01/2039 | 850000 | 739109 |
| **TOTAL MUNICIPAL BONDS** (Cost $15,836,641) | **TOTAL MUNICIPAL BONDS** (Cost $15,836,641) | 14148134 |
| **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** | **SHORT-TERM INVESTMENTS** |
| **MONEY MARKET FUNDS - 0.6%** | **Shares**  | **Value**  |
| First American Government Obligations Fund - Class X, 3.58% <sup>(d)</sup> | 3619750 | 3619750 |
| **TOTAL MONEY MARKET FUNDS** (Cost $3,619,750) | **TOTAL MONEY MARKET FUNDS** (Cost $3,619,750) | 3619750 |
| **TOTAL INVESTMENTS - 99.2% (**Cost $490,024,116**)** | **TOTAL INVESTMENTS - 99.2% (**Cost $490,024,116**)** | 632635548 |
| Other Assets in Excess of Liabilities - 0.8% | Other Assets in Excess of Liabilities - 0.8% | 5046777 |
| **TOTAL NET ASSETS - 100.0%** |  | $637682325 |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |  |

---

---

| |
|:---|
| ADR - American Depositary Receipt |
| CMT - Constant Maturity Treasury |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate |
| 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 Mairs & Power, Inc. |

---

(a) Non-income producing security.

(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 March 31, 2026, the value of these securities total $33,512,538 or 5.3% of the Fund's net assets.

(c) Step coupon bond. The rate disclosed is as of March 31, 2026.

(d) The rate shown represents the 7-day annualized yield as of March 31, 2026.

------

#### Summary of Fair Value Disclosure as of March 31, 2026 (Unaudited)
Mairs & Power Balanced 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 March 31, 2026:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | $383889922 | $– | $– | $383889922 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 215760423 | – | 215760423 |
|  &nbsp;&nbsp;&nbsp;&nbsp;U.S. Treasury Securities | – | 15217319 | – | 15217319 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Municipal Bonds | – | 14148134 | – | 14148134 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 3619750 | – | – | 3619750 |
| Total Investments | $387509672 | $245125876 | $– | $632635548 |
| 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:** Mairs & Power Balanced Fund

- **b. EDGAR series identifier (if any):** S000076013

- **c. LEI of Series:** 549300A8RKN43GUVKK54

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

- **a. Date of fiscal year-end:** 2026-12-31

- **b. Date as of which information is reported:** 2026-03-31

**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:** $638710107.29

**Total Liabilities:** $846309.78

**Net Assets:** $637863797.51

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 1034.280269000000 | **1-Year:** 9234.739823000000 | **5-Year:** 44131.380859000000 | **10-Year:** 62751.382086000000 | **30-Year:** 7939.723858000000

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

- **3-Month:** 766.500694000000 | **1-Year:** 3662.725368000000 | **5-Year:** 1984.308429000000 | **10-Year:** 2296.755775000000 | **30-Year:** 646.161584000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000235438 | 2.50%                | 1.13%                | -5.24%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $6456290.73              | $9220930.70                                |
| Month 2  | $7439612.28              | $-878601.05                                |
| Month 3  | $3948261.42              | $-41169230.21                              |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| OLD REPUBLIC INTL CORP         | Old Republic International Corp                                                 | CUSIP: 680223AK0<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |    790000 | PA      | $789155.66    | 0.12%             | 2026-08-26      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| ONEOK INC                      | ONEOK Inc                                                                       | CUSIP: 682680AN3<br>LEI: 2T3D6M0JSY48PSZI1Q41 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1039701.06   | 0.16%             | 2035-06-15      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| ONEOK PARTNERS LP              | ONEOK Partners LP                                                               | CUSIP: 68268NAM5<br>LEI: T4DHW82NMF6BXJT50795 | Long             | DBT              | CORP              | US        |   1203000 | PA      | $1202325.86   | 0.19%             | 2043-09-15      | Fixed         | 6.20%                 | No            |                  2 | On Loan: No      |
| AFFILIATED MANAGERS GROU       | Affiliated Managers Group Inc                                                   | CUSIP: 008252AS7<br>LEI: 2JE75BUE3T1BLCYYGK54 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986533.59    | 0.15%             | 2036-02-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| ALBEMARLE WOD PTY LTD          | Albemarle Wodgina Pty Ltd                                                       | CUSIP: 01273PAB8<br>LEI: 25490061SXKXCH8MR021 | Long             | DBT              | CORP              | AU        |   1175000 | PA      | $1110883.93   | 0.17%             | 2029-11-15      | Fixed         | 3.45%                 | No            |                  2 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                                                                    | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     62078 | NS      | $17807695.08  | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| AMER AIRLN 15-1 A PTT          | American Airlines 2015-1 Class A Pass Through Trust                             | CUSIP: 023770AA8<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    220450 | PA      | $216905.05    | 0.03%             | 2027-05-01      | Fixed         | 3.38%                 | No            |                  2 | On Loan: No      |
| AMERICAN EXPRESS CO            | American Express Co                                                             | CUSIP: 025816ES4<br>LEI: R4PP93JZOLY261QX3811 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993789.55    | 0.16%             | 2041-02-08      | Variable      | 5.41%                 | No            |                  2 | On Loan: No      |
| nVent Electric PLC             | nVent Electric PLC                                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | GB        |     53758 | NS      | $6358496.24   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial Inc       | Ameriprise Financial Inc                                                        | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |     16000 | NS      | $7110400.00   | 1.11%             |  |  |  | No            |                  1 | On Loan: No      |
| ASHWAUBENON WI                 | Village of Ashwaubenon WI                                                       | CUSIP: 045141XT0<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    505000 | PA      | $402963.03    | 0.06%             | 2040-06-01      | Fixed         | 2.97%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                   | Assurant Inc                                                                    | CUSIP: 04621XAM0<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1441376.70   | 0.23%             | 2030-02-22      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| CDW LLC/CDW FINANCE            | CDW LLC / CDW Finance Corp                                                      | CUSIP: 12513GBL2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983896.71    | 0.15%             | 2034-08-22      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| CABOT CORP                     | Cabot Corp                                                                      | CUSIP: 127055AL5<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |   1800000 | PA      | $1780162.63   | 0.28%             | 2029-07-01      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CAPITAL ONE FINANCIAL CO       | Capital One Financial Corp                                                      | CUSIP: 14040HDJ1<br>LEI: ZUE8T73ROZOF6FLBAR73 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2037332.02   | 0.32%             | 2036-01-30      | Variable      | 6.18%                 | No            |                  2 | On Loan: No      |
| CELANESE US HOLDINGS LLC       | Celanese US Holdings LLC                                                        | CUSIP: 15089QAY0<br>LEI: CD30XVRLT4QO00B1C706 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2133686.00   | 0.33%             | 2033-11-15      | Fixed         | 7.20%                 | No            |                  2 | On Loan: No      |
| CITIGROUP INC                  | Citigroup Inc                                                                   | CUSIP: 172967NG2<br>LEI: 6SHGI4ZSSLCXXQSBB395 | Long             | DBT              | CORP              | US        |    500000 | PA      | $494025.60    | 0.08%             | 2028-02-24      | Variable      | 3.07%                 | No            |                  2 | On Loan: No      |
| COLORADO ST HSG & FIN AUTH     | Colorado Housing and Finance Authority                                          | CUSIP: 19648G2S0<br>LEI: 5493005GIROYQAWBMC18 | Long             | DBT              | MUN               | US        |   1000000 | PA      | $1001325.20   | 0.16%             | 2037-05-01      | Fixed         | 5.14%                 | No            |                  2 | On Loan: No      |
| DESERT CMNTY CLG DIST CA       | Desert Community College District                                               | CUSIP: 250375KG6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    300000 | PA      | $229864.14    | 0.04%             | 2040-08-01      | Fixed         | 2.46%                 | No            |                  2 | On Loan: No      |
| EATON CORP                     | Eaton Corp                                                                      | CUSIP: 278062AD6<br>LEI: 0NZWDMRCE180888QQE14 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1938663.42   | 0.30%             | 2032-11-02      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Ecolab Inc                     | Ecolab Inc                                                                      | CUSIP: 278865100<br>LEI: 82DYEISM090VG8LTLS26 | Long             | EC               | CORP              | US        |     58926 | NS      | $15675494.52  | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CCH2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $945234.38    | 0.15%             | 2028-06-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CEP2<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1871601.56   | 0.29%             | 2032-05-15      | Fixed         | 2.88%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CNC1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1500000 | PA      | $1497392.58   | 0.23%             | 2035-05-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| WILDLIFE CONSERVATION          | Wildlife Conservation Society                                                   | CUSIP: 96812WAA3<br>LEI: 254900A5BOQTQRA08946 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $637673.39    | 0.10%             | 2050-08-01      | Fixed         | 3.41%                 | No            |                  2 | On Loan: No      |
| STELLANTIS FINANCIAL SER       | Stellantis Financial Services US Corp                                           | CUSIP: 85855FAA1<br>LEI: 5493000KNKFDOC1BOW59 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1989246.64   | 0.31%             | 2028-09-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| TOLEDO EDISON COMPANY          | Toledo Edison Co/The                                                            | CUSIP: 889175BF1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    416000 | PA      | $395192.53    | 0.06%             | 2028-05-01      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| Entegris Inc                   | Entegris Inc                                                                    | CUSIP: 29362U104<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | EC               | CORP              | US        |     74000 | NS      | $8675760.00   | 1.36%             |  |  |  | No            |                  1 | On Loan: No      |
| FARMERS EXCHANGE CAPITAL       | Farmers Exchange Capital                                                        | CUSIP: 309588AC5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1650000 | PA      | $1712387.85   | 0.27%             | 2028-07-15      | Fixed         | 7.05%                 | No            |                  2 | On Loan: No      |
| Toro Co/The                    | Toro Co/The                                                                     | CUSIP: 891092108<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | EC               | CORP              | US        |    123983 | NS      | $11584971.52  | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| TORO CO                        | Toro Co/The                                                                     | CUSIP: 891092AD0<br>LEI: YJKE4YIT6BWQHVEW0D14 | Long             | DBT              | CORP              | US        |    500000 | PA      | $517490.06    | 0.08%             | 2027-06-15      | Fixed         | 7.80%                 | No            |                  2 | On Loan: No      |
| FEDEX CORP                     | FedEx Corp                                                                      | CUSIP: 31428XAU0<br>LEI: 549300E707U7WNPZN687 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $810323.64    | 0.13%             | 2043-04-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| FIRST AMERICAN FINANCIAL       | First American Financial Corp                                                   | CUSIP: 31847RAJ1<br>LEI: 549300B6VEZK3N0A1P55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $981578.05    | 0.15%             | 2034-09-30      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| Fiserv Inc                     | Fiserv Inc                                                                      | CUSIP: 337738108<br>LEI: GI7UBEJLXYLGR2C7GV83 | Long             | EC               | CORP              | US        |    100357 | NS      | $5599920.60   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co                                                                   | CUSIP: 345370CQ1<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $756835.93    | 0.12%             | 2043-01-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                       | CUSIP: 361448BL6<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016785.49   | 0.16%             | 2033-09-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| GLENDALE CA CMNTY CLG DIST     | Glendale Community College District                                             | CUSIP: 378394JN1<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    650000 | PA      | $585426.47    | 0.09%             | 2031-08-01      | Fixed         | 2.11%                 | No            |                  2 | On Loan: No      |
| Abbott Laboratories            | Abbott Laboratories                                                             | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |    121843 | NS      | $12509620.81  | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| ALLIANT ENERGY FINANCE         | Alliant Energy Finance LLC                                                      | CUSIP: 01882YAD8<br>LEI: 54930033ER6EOI5DL570 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $925404.13    | 0.15%             | 2032-03-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMEREN CORP                    | Ameren Corp                                                                     | CUSIP: 023608AR3<br>LEI: XRZQ5S7HYJFPHJ78L959 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1011486.36   | 0.16%             | 2035-03-15      | Fixed         | 5.38%                 | No            |                  2 | On Loan: No      |
| ASSOC BANC-CORP                | Associated Banc-Corp                                                            | CUSIP: 045487AD7<br>LEI: 549300N3CIN473IW5094 | Long             | DBT              | CORP              | US        |   1151000 | PA      | $1178295.17   | 0.18%             | 2030-08-29      | Variable      | 6.46%                 | No            |                  2 | On Loan: No      |
| Automatic Data Processing Inc  | Automatic Data Processing Inc                                                   | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |     34000 | NS      | $6908120.00   | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| AUTONATION INC                 | AutoNation Inc                                                                  | CUSIP: 05329WAP7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1110000 | PA      | $1096319.13   | 0.17%             | 2027-11-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                                          | CUSIP: 459506AR2<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $749910.38    | 0.12%             | 2040-11-15      | Fixed         | 3.27%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKC2<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1900000 | PA      | $1644007.40   | 0.26%             | 2036-09-21      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| BLACK HILLS CORP               | Black Hills Corp                                                                | CUSIP: 092113AQ2<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $952238.60    | 0.15%             | 2033-05-01      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| INTERSTATE POWER & LIGHT       | Interstate Power and Light Co                                                   | CUSIP: 461070AG9<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2118895.32   | 0.33%             | 2039-07-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ITC HOLDINGS CORP              | ITC Holdings Corp                                                               | CUSIP: 465685AS4<br>LEI: 549300HTO5U9D3SLE207 | Long             | DBT              | CORP              | US        |   1045000 | PA      | $1062616.17   | 0.17%             | 2033-06-01      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| BRITISH AIR 18-1 A PTT         | British Airways 2018-1 Class A Pass Through Trust                               | CUSIP: 11043HAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    457557 | PA      | $438249.51    | 0.07%             | 2031-09-20      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| CINCINNATI FINL CORP           | Cincinnati Financial Corp                                                       | CUSIP: 172062AE1<br>LEI: 254900Q4WEDMZBOZ0002 | Long             | DBT              | CORP              | US        |   1301000 | PA      | $1367351.44   | 0.21%             | 2034-11-01      | Fixed         | 6.12%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                   | Comcast Corp                                                                    | CUSIP: 20030NBH3<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1934717.04   | 0.30%             | 2033-01-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CROWLEY TX INDEP SCH DIST      | Crowley Independent School District                                             | CUSIP: 228130HH6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $861509.50    | 0.14%             | 2038-08-01      | Fixed         | 3.01%                 | No            |                  2 | On Loan: No      |
| DEKALB/KANE/LA SALLE CNTYS ILC | DeKalb Kane & LaSalle Counties Etc Community College District No 523 Kishwaukee | CUSIP: 240853EV9<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $430547.45    | 0.07%             | 2036-02-01      | Fixed         | 3.02%                 | No            |                  2 | On Loan: No      |
| DELL INC                       | Dell Inc                                                                        | CUSIP: 24702RAM3<br>LEI: 3E70L4WYANTIWWIPHC81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $966623.25    | 0.15%             | 2040-09-10      | Fixed         | 5.40%                 | No            |                  2 | On Loan: No      |
| DELTA AIR LINES INC            | Delta Air Lines Inc                                                             | CUSIP: 247361A32<br>LEI: Q2CCMS6R0AS67HJMBN42 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $3021312.09   | 0.47%             | 2030-07-10      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| Donaldson Co Inc               | Donaldson Co Inc                                                                | CUSIP: 257651109<br>LEI: OZE6KXY9QQPR8EJ8WL20 | Long             | EC               | CORP              | US        |     28569 | NS      | $2424651.03   | 0.38%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR COMPANY             | Ford Motor Co                                                                   | CUSIP: 345370DB3<br>LEI: 20S05OYHG0MQM4VUIC57 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2013703.38   | 0.32%             | 2032-08-19      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| FORTINET INC                   | Fortinet Inc                                                                    | CUSIP: 34959EAB5<br>LEI: 549300O0QJWDBAS0QX03 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1329399.42   | 0.21%             | 2031-03-15      | Fixed         | 2.20%                 | No            |                  2 | On Loan: No      |
| FULTON FINANCIAL CORP          | Fulton Financial Corp                                                           | CUSIP: 360271AM2<br>LEI: 5493005QLZ6O1BNC0C11 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2754688.32   | 0.43%             | 2035-03-15      | Variable      | 3.75%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                       | CUSIP: 361448BS1<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    500000 | PA      | $504640.27    | 0.08%             | 2035-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GC93<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |    500000 | PA      | $508650.95    | 0.08%             | 2031-04-23      | Variable      | 5.22%                 | No            |                  2 | On Loan: No      |
| GOLDMAN SACHS GROUP INC        | Goldman Sachs Group Inc/The                                                     | CUSIP: 38141GYN8<br>LEI: 784F5XWPLTWKTBV3E584 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1774302.92   | 0.28%             | 2032-10-21      | Variable      | 2.65%                 | No            |                  2 | On Loan: No      |
| GREAT RIVER ENERGY             | Great River Energy                                                              | CUSIP: 39121JAG5<br>LEI: 5493007CIM8IF8LIUC91 | Long             | DBT              | CORP              | US        |    706140 | PA      | $791075.48    | 0.12%             | 2038-07-01      | Fixed         | 7.23%                 | No            |                  2 | On Loan: No      |
| H.B. FULLER CO                 | HB Fuller Co                                                                    | CUSIP: 40410KAA3<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1641503.85   | 0.26%             | 2028-10-15      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| HANOVER INSURANCE GROUP        | Hanover Insurance Group Inc/The                                                 | CUSIP: 410867AG0<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2270081.70   | 0.36%             | 2030-09-01      | Fixed         | 2.50%                 | No            |                  2 | On Loan: No      |
| INTERSTATE P&L CO              | Interstate Power and Light Co                                                   | CUSIP: 461070AD6<br>LEI: EF9UQIIO4KY2BWOK3P26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1060090.40   | 0.17%             | 2034-05-01      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| JPMorgan Chase & Co            | JPMorgan Chase & Co                                                             | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     40949 | NS      | $12045557.84  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson              | Johnson & Johnson                                                               | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     25396 | NS      | $6207798.24   | 0.97%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 48128BAN1<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EP               | CORP              | US        |   1000000 | PA      | $996072.70    | 0.16%             |  |  |  | No            |                  2 | On Loan: No      |
| KENNAMETAL INC                 | Kennametal Inc                                                                  | CUSIP: 489170AE0<br>LEI: 549300GZDSG25XUV0Y08 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1506399.65   | 0.24%             | 2028-06-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAK0<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2041252.18   | 0.32%             | 2034-05-20      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| LPL HOLDINGS INC               | LPL Holdings Inc                                                                | CUSIP: 50212YAQ7<br>LEI: 549300Z5YF8CCRMYUL26 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $997108.55    | 0.16%             | 2035-06-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LYB INT FINANCE III            | LYB International Finance III LLC                                               | CUSIP: 50249AAP8<br>LEI: 984500A51LA0B8EB4053 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2056926.46   | 0.32%             | 2035-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC               | Land O' Lakes Inc                                                               | CUSIP: 514666AN6<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2212500.00   | 0.35%             | 2028-09-18      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| Littelfuse Inc                 | Littelfuse Inc                                                                  | CUSIP: 537008104<br>LEI: 549300MY7HLQFYTPCX75 | Long             | EC               | CORP              | US        |     21750 | NS      | $7380862.50   | 1.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MASSACHUSETTS ST DEV FIN AGY S | Massachusetts Development Finance Agency                                        | CUSIP: 57584FMQ0<br>LEI: 549300UZSVMFXJK08K70 | Long             | DBT              | MUN               | US        |    885000 | PA      | $668669.54    | 0.10%             | 2040-05-01      | Fixed         | 2.55%                 | No            |                  2 | On Loan: No      |
| MERCURY GENERAL CORP           | Mercury General Corp                                                            | CUSIP: 589400AB6<br>LEI: 5493001Q9EXPCEL4W527 | Long             | DBT              | CORP              | US        |   4000000 | PA      | $3973422.96   | 0.62%             | 2027-03-15      | Fixed         | 4.40%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST HSG DEV AUTH SF MT | Michigan State Housing Development Authority                                    | CUSIP: 594654L45<br>LEI: 549300NSWW1HVXE93T03 | Long             | DBT              | MUN               | US        |    500000 | PA      | $495943.20    | 0.08%             | 2030-12-01      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| MICHIGAN ST UNIV REVENUES      | Michigan State University                                                       | CUSIP: 594712UF6<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $910105.30    | 0.14%             | 2048-08-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                                                                  | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     54374 | NS      | $20127623.58  | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                | CUSIP: 60416UC86<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    500000 | PA      | $501517.65    | 0.08%             | 2041-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MOHAWK INDUSTRIES INC          | Mohawk Industries Inc                                                           | CUSIP: 608190AL8<br>LEI: 549300JI1115MG3Q6322 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958868.83    | 0.15%             | 2030-05-15      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| MOTOROLA SOLUTIONS INC         | Motorola Solutions Inc                                                          | CUSIP: 620076BE8<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1920346.04   | 0.30%             | 2044-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| MURPHY OIL CORP                | Murphy Oil Corp                                                                 | CUSIP: 626717AG7<br>LEI: QBKYQD0ODE7DC7PDIN91 | Long             | DBT              | CORP              | US        |    500000 | PA      | $425861.25    | 0.07%             | 2042-12-01      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XCS2<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $968564.07    | 0.15%             | 2029-09-27      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| PNC FINANCIAL SERVICES         | PNC Financial Services Group Inc/The                                            | CUSIP: 693475BC8<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EP               | CORP              | US        |   2000000 | PA      | $1962145.00   | 0.31%             |  |  |  | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE COLORADO        | Public Service Co of Colorado                                                   | CUSIP: 744448CA7<br>LEI: 5BANEF6PGSEK0SNMQF44 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2190652.42   | 0.34%             | 2038-08-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| PUBLIC SERVICE OKLAHOMA        | Public Service Co of Oklahoma                                                   | CUSIP: 744533BR0<br>LEI: F3TJNSIZRGXRH8GEIK79 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $996475.36    | 0.16%             | 2035-01-15      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Sherwin-Williams Co/The        | Sherwin-Williams Co/The                                                         | CUSIP: 824348106<br>LEI: Z15BMIOX8DDH0X2OBP21 | Long             | EC               | CORP              | US        |     34000 | NS      | $10898700.00  | 1.71%             |  |  |  | No            |                  1 | On Loan: No      |
| NETFLIX INC                    | Netflix Inc                                                                     | CUSIP: 64110LAT3<br>LEI: 549300Y7VHGU0I7CE873 | Long             | DBT              | CORP              | US        |   1688000 | PA      | $1756573.84   | 0.28%             | 2028-11-15      | Fixed         | 5.88%                 | No            |                  2 | On Loan: No      |
| NIAGARA MOHAWK POWER           | Niagara Mohawk Power Corp                                                       | CUSIP: 65364UAH9<br>LEI: 3T97Y9RR5EN5Y18QHB56 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1863913.92   | 0.29%             | 2034-10-01      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| UNITED AIR 2014-1 A PTT        | United Airlines 2014-1 Class A Pass Through Trust                               | CUSIP: 90932PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    367145 | PA      | $367762.61    | 0.06%             | 2026-04-11      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| US BANCORP                     | US Bancorp                                                                      | CUSIP: 91159HJB7<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1729529.52   | 0.27%             | 2036-11-03      | Variable      | 2.49%                 | No            |                  2 | On Loan: No      |
| HP INC                         | HP Inc                                                                          | CUSIP: 40434LAN5<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2026608.46   | 0.32%             | 2033-01-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HANOVER INSURANCE GROUP        | Hanover Insurance Group Inc/The                                                 | CUSIP: 410867AH8<br>LEI: JJYR6MFKFF6CF8DBZ078 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $993887.89    | 0.16%             | 2035-09-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Hershey Co/The                 | Hershey Co/The                                                                  | CUSIP: 427866108<br>LEI: 21X2CX66SU2BR6QTAD08 | Long             | EC               | CORP              | US        |     13000 | NS      | $2702570.00   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc/The             | Home Depot Inc/The                                                              | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     14211 | NS      | $4673855.79   | 0.73%             |  |  |  | No            |                  1 | On Loan: No      |
| HUMANA INC                     | Humana Inc                                                                      | CUSIP: 444859BY7<br>LEI: 529900YLDW34GJAO4J06 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1019621.64   | 0.16%             | 2034-03-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| IDAHO ST BOND BANK AUTH REVENU | Idaho Bond Bank Authority                                                       | CUSIP: 4511527S5<br>LEI: 5493006H5207M9WPQJ98 | Long             | DBT              | MUN               | US        |    500000 | PA      | $395987.85    | 0.06%             | 2038-09-15      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| Graco Inc                      | Graco Inc                                                                       | CUSIP: 384109104<br>LEI: 4T5VJ4S81BRT6Q7GGT78 | Long             | EC               | CORP              | US        |    122467 | NS      | $10366831.55  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMORGAN CHASE & CO            | JPMorgan Chase & Co                                                             | CUSIP: 46625HJZ4<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $999444.69    | 0.16%             | 2026-12-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550AW6<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1117819.94   | 0.18%             | 2038-01-15      | Fixed         | 6.95%                 | No            |                  2 | On Loan: No      |
| HP INC                         | HP Inc                                                                          | CUSIP: 40434LAJ4<br>LEI: WHKXQACZ14C5XRO8LW03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $889605.04    | 0.14%             | 2031-06-17      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| HUNTINGTON BANCSHARES          | Huntington Bancshares Inc/OH                                                    | CUSIP: 446150BL7<br>LEI: 549300XTVCVV9I7B5T19 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1953837.08   | 0.31%             | 2041-01-28      | Variable      | 5.61%                 | No            |                  2 | On Loan: No      |
| LABORATORY CORP OF AMER        | Laboratory Corp of America Holdings                                             | CUSIP: 50540RBA9<br>LEI: OZ7UA8IXAIFILY2VZH07 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $988120.15    | 0.15%             | 2032-04-01      | Fixed         | 4.55%                 | No            |                  2 | On Loan: No      |
| LEAR CORP                      | Lear Corp                                                                       | CUSIP: 521865AY1<br>LEI: 549300UPNBTXA1SYTQ33 | Long             | DBT              | CORP              | US        |   2245000 | PA      | $2223366.12   | 0.35%             | 2027-09-15      | Fixed         | 3.80%                 | No            |                  2 | On Loan: No      |
| LAND O'LAKES INC               | Land O' Lakes Inc                                                               | CUSIP: 514666AM8<br>LEI: 4ONCJWH5BBCYSJIJYX61 | Long             | DBT              | CORP              | US        |   2500000 | PA      | $2293750.00   | 0.36%             | 2027-04-04      | Fixed         | 7.25%                 | No            |                  2 | On Loan: No      |
| OLD REPUBLIC INTL CORP         | Old Republic International Corp                                                 | CUSIP: 680223AM6<br>LEI: 549300IV6O2YY2A1KH37 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1022958.99   | 0.16%             | 2034-03-28      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| LOWE'S COS INC                 | Lowe's Cos Inc                                                                  | CUSIP: 548661CX3<br>LEI: WAFCR4OKGSC504WU3E95 | Long             | DBT              | CORP              | US        |    880000 | PA      | $782230.58    | 0.12%             | 2042-04-15      | Fixed         | 4.65%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                                                                   | CUSIP: 55261FAY0<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023127.06   | 0.32%             | 2031-07-08      | Variable      | 5.18%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN | Iowa Finance Authority                                                          | CUSIP: 46247EJW6<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    500000 | PA      | $510599.80    | 0.08%             | 2035-01-01      | Fixed         | 5.24%                 | No            |                  2 | On Loan: No      |
| KINDER MORGAN ENER PART        | Kinder Morgan Energy Partners LP                                                | CUSIP: 494550AT3<br>LEI: 549300PDHUGWPWGOT525 | Long             | DBT              | CORP              | US        |   1200000 | PA      | $1245463.64   | 0.20%             | 2035-03-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| MPLX LP                        | MPLX LP                                                                         | CUSIP: 55336VAM2<br>LEI: 5493000CZJ19CK4P3G36 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1799093.38   | 0.28%             | 2038-04-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC         | Discovery Global Holdings Inc                                                   | CUSIP: 55903VBW2<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    800000 | PA      | $531568.00    | 0.08%             | 2042-03-15      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| NVENT FINANCE SARL             | nVent Finance Sarl                                                              | CUSIP: 67078AAF0<br>LEI: 549300KO1OQ4MVFB6X02 | Long             | DBT              | CORP              | LU        |   1495000 | PA      | $1535928.60   | 0.24%             | 2033-05-15      | Fixed         | 5.65%                 | No            |                  2 | On Loan: No      |
| ORACLE CORP                    | Oracle Corp                                                                     | CUSIP: 68389XBW4<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2178003.51   | 0.34%             | 2040-04-01      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| PAYCHEX INC                    | Paychex Inc                                                                     | CUSIP: 704326AC1<br>LEI: 529900K900DW6SUBM174 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1005282.88   | 0.16%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BS2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $507966.21    | 0.08%             | 2028-02-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| REDONDO BEACH CA UNIF SCH DIST | Redondo Beach Unified School District                                           | CUSIP: 757710UJ5<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $409603.35    | 0.06%             | 2034-08-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| Roche Holding AG               | Roche Holding AG                                                                | CUSIP: 771195104<br>LEI: 549300U41AUUVOAAOB37 | Long             | EC               | CORP              | CH        |    197000 | NS      | $9792870.00   | 1.54%             |  |  |  | No            |                  1 | On Loan: No      |
| SOUTHWESTERN ELEC POWER        | Southwestern Electric Power Co                                                  | CUSIP: 845437BV3<br>LEI: R64UBJHEC74EB3HGQ410 | Long             | DBT              | CORP              | US        |   1275000 | PA      | $1255057.18   | 0.20%             | 2036-04-01      | Fixed         | 5.20%                 | No            |                  2 | On Loan: No      |
| Tennant Co                     | Tennant Co                                                                      | CUSIP: 880345103<br>LEI: JYAIRLT8DVP6DP8UT336 | Long             | EC               | CORP              | US        |     20750 | NS      | $1377800.00   | 0.22%             |  |  |  | No            |                  1 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FE9<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   1065000 | PA      | $1151459.27   | 0.18%             | 2037-11-30      | Fixed         | 6.35%                 | No            |                  2 | On Loan: No      |
| WEC Energy Group Inc           | WEC Energy Group Inc                                                            | CUSIP: 92939U106<br>LEI: 549300IGLYTZUK3PVP70 | Long             | EC               | CORP              | US        |    103000 | NS      | $11924310.00  | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                | CUSIP: 60416UXN0<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    400000 | PA      | $397686.68    | 0.06%             | 2036-01-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| Palo Alto Networks Inc         | Palo Alto Networks Inc                                                          | CUSIP: 697435105<br>LEI: 549300QXR2YVZV231H43 | Long             | EC               | CORP              | US        |     22000 | NS      | $3527040.00   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| PENN MUTUAL LIFE INS CO        | Penn Mutual Life Insurance Co/The                                               | CUSIP: 707567AA1<br>LEI: BIYXEJSLUQ3IWFUXX074 | Long             | DBT              | CORP              | US        |    470000 | PA      | $506131.33    | 0.08%             | 2034-06-15      | Fixed         | 6.65%                 | No            |                  2 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The                                                         | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     44000 | NS      | $6355360.00   | 1.00%             |  |  |  | No            |                  1 | On Loan: No      |
| T-MOBILE USA INC               | T-Mobile USA Inc                                                                | CUSIP: 87264ADC6<br>LEI: 549300V2JRLO5DIFGE82 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2087799.58   | 0.33%             | 2034-01-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Texas Instruments Inc          | Texas Instruments Inc                                                           | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     82000 | NS      | $15919480.00  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                                       | CUSIP: 053807AU7<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $1790024.58   | 0.28%             | 2031-05-15      | Fixed         | 3.00%                 | No            |                  2 | On Loan: No      |
| BANK OF AMERICA CORP           | Bank of America Corp                                                            | CUSIP: 06051GKY4<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1006089.19   | 0.16%             | 2033-07-22      | Variable      | 5.01%                 | No            |                  2 | On Loan: No      |
| CH Robinson Worldwide Inc      | CH Robinson Worldwide Inc                                                       | CUSIP: 12541W209<br>LEI: 529900WNWN5L0OVDHA79 | Long             | EC               | CORP              | US        |     35000 | NS      | $5812450.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| DUKE ENERGY PROGRESS INC       | Duke Energy Progress LLC                                                        | CUSIP: 144141CV8<br>LEI: 0NIFZ782LS46WOC9QK20 | Long             | DBT              | CORP              | US        |   1165000 | PA      | $1200282.46   | 0.19%             | 2035-04-01      | Fixed         | 5.70%                 | No            |                  2 | On Loan: No      |
| CHOICE HOTELS INTL INC         | Choice Hotels International Inc                                                 | CUSIP: 169905AF3<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $958746.08    | 0.15%             | 2029-12-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| DISCOVERY COMMUNICATIONS       | Discovery Communications LLC                                                    | CUSIP: 25470DBW8<br>LEI: L2Z2MO2EQURH3BREWI15 | Long             | DBT              | CORP              | US        |    570000 | PA      | $365717.70    | 0.06%             | 2042-05-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| EASTMAN CHEMICAL CO            | Eastman Chemical Co                                                             | CUSIP: 277432AY6<br>LEI: FDPVHDGJ1IQZFK9KH630 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1014321.38   | 0.16%             | 2034-02-20      | Fixed         | 5.62%                 | No            |                  2 | On Loan: No      |
| Fastenal Co                    | Fastenal Co                                                                     | CUSIP: 311900104<br>LEI: 529900PP0C7H2HHPSJ32 | Long             | EC               | CORP              | US        |    260000 | NS      | $12064000.00  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                       | CUSIP: 361448BM4<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    500000 | PA      | $526143.48    | 0.08%             | 2034-03-15      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| GATX CORP                      | GATX Corp                                                                       | CUSIP: 361448BN2<br>LEI: 549300IHYHCQP2PIR591 | Long             | DBT              | CORP              | US        |    500000 | PA      | $548641.53    | 0.09%             | 2034-05-01      | Fixed         | 6.90%                 | No            |                  2 | On Loan: No      |
| XCEL ENERGY INC                | Xcel Energy Inc                                                                 | CUSIP: 98389BBE9<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1017424.76   | 0.16%             | 2035-04-15      | Fixed         | 5.60%                 | No            |                  2 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                                                                  | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |     72000 | NS      | $14995440.00  | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 912810TH1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    500000 | PA      | $413183.60    | 0.06%             | 2042-05-15      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 9128286B1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1935195.32   | 0.30%             | 2029-02-15      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                | CUSIP: 60416UXP5<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    480000 | PA      | $478734.34    | 0.08%             | 2036-07-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YEF8<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |    750000 | PA      | $645687.05    | 0.10%             | 2036-09-16      | Variable      | 2.48%                 | No            |                  2 | On Loan: No      |
| MORGAN STANLEY                 | Morgan Stanley                                                                  | CUSIP: 61747YEL5<br>LEI: IGJSJL3JD5P30I6NJZ34 | Long             | DBT              | CORP              | US        |   1700000 | PA      | $1528548.78   | 0.24%             | 2033-01-21      | Variable      | 2.94%                 | No            |                  2 | On Loan: No      |
| NORTHERN NATURAL GAS CO        | Northern Natural Gas Co                                                         | CUSIP: 665501AK8<br>LEI: 5493007M02M6CT9EXE41 | Long             | DBT              | CORP              | US        |   1021000 | PA      | $822948.72    | 0.13%             | 2042-09-15      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| BLOCK FINANCIAL LLC            | Block Financial LLC                                                             | CUSIP: 093662AH7<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1000000 | PA      | $943550.56    | 0.15%             | 2030-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| BRISTOL-MYERS SQUIBB CO        | Bristol-Myers Squibb Co                                                         | CUSIP: 110122DR6<br>LEI: HLYYNH7UQUORYSJQCN42 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1048561.13   | 0.16%             | 2040-11-13      | Fixed         | 2.35%                 | No            |                  2 | On Loan: No      |
| CBRE SERVICES INC              | CBRE Services Inc                                                               | CUSIP: 12505BAG5<br>LEI: 549300CTE3HOMEUMM603 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2084307.12   | 0.33%             | 2034-08-15      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS FINL CO         | General Motors Financial Co Inc                                                 | CUSIP: 37045XER3<br>LEI: 5493008B6JBRUJ90QL97 | Long             | DBT              | CORP              | US        |    500000 | PA      | $516397.77    | 0.08%             | 2031-02-08      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| Eli Lilly & Co                 | Eli Lilly & Co                                                                  | CUSIP: 532457108<br>LEI: FRDRIPF3EKNDJ2CQJL29 | Long             | EC               | CORP              | US        |     10306 | NS      | $9479149.62   | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Wells Fargo & Co               | Wells Fargo & Co                                                                | CUSIP: 949746101<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | EC               | CORP              | US        |     46967 | NS      | $3739042.87   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| PRINCIPAL FINANCIAL GRP        | Principal Financial Group Inc                                                   | CUSIP: 74251VAJ1<br>LEI: CUMYEZJOAF02RYZ1JJ85 | Long             | DBT              | CORP              | US        |    500000 | PA      | $420696.38    | 0.07%             | 2043-05-15      | Fixed         | 4.35%                 | No            |                  2 | On Loan: No      |
| PROTECTIVE LIFE CORP           | Protective Life Corp                                                            | CUSIP: 743674BG7<br>LEI: 549300ZWIT8J8Y2EXL07 | Long             | DBT              | CORP              | US        |    500000 | PA      | $491821.32    | 0.08%             | 2035-12-15      | Fixed         | 5.35%                 | No            |                  2 | On Loan: No      |
| Rockwell Automation Inc        | Rockwell Automation Inc                                                         | CUSIP: 773903109<br>LEI: VH3R4HHBHH12O0EXZJ88 | Long             | EC               | CORP              | US        |     20375 | NS      | $7312180.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| AT&T INC                       | AT&T Inc                                                                        | CUSIP: 78387GAM5<br>LEI: 549300Z40J86GGSTL398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1060016.45   | 0.17%             | 2034-06-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| LEIDOS HOLDINGS INC            | Leidos Holdings Inc                                                             | CUSIP: 78390XAC5<br>LEI: 549300IUTGTP6EJP8124 | Long             | DBT              | CORP              | US        |   1400000 | PA      | $1394961.79   | 0.22%             | 2040-12-01      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| LEIDOS INC                     | Leidos Inc                                                                      | CUSIP: 808626AG0<br>LEI: 5493006I78VIN6J1BQ95 | Long             | DBT              | CORP              | US        |   3850000 | PA      | $3920224.00   | 0.61%             | 2033-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| SELECTIVE INSURANCE GROU       | Selective Insurance Group Inc                                                   | CUSIP: 816300AJ6<br>LEI: 549300R3WGJWLE40R258 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1547151.71   | 0.24%             | 2035-04-15      | Fixed         | 5.90%                 | No            |                  2 | On Loan: No      |
| SOUTHWESTERN PUBLIC SERV       | Southwestern Public Service Co                                                  | CUSIP: 845743BL6<br>LEI: OL6FE7QD5EQ3DOYEO258 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1030534.80   | 0.16%             | 2036-10-01      | Fixed         | 6.00%                 | No            |                  2 | On Loan: No      |
| TEXTRON INC                    | Textron Inc                                                                     | CUSIP: 883203CF6<br>LEI: 3PPKBHUG1HD6BO7RNR87 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $973857.55    | 0.15%             | 2036-03-15      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| 3M Co                          | 3M Co                                                                           | CUSIP: 88579Y101<br>LEI: LUZQVYP4VS22CLWDAR65 | Long             | EC               | CORP              | US        |      6527 | NS      | $947916.21    | 0.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Travelers Cos Inc/The          | Travelers Cos Inc/The                                                           | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |     27000 | NS      | $7875360.00   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| US BANCORP                     | US Bancorp                                                                      | CUSIP: 91159HJJ0<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2103917.28   | 0.33%             | 2033-10-21      | Variable      | 5.85%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CBW0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $997639.97    | 0.16%             | 2026-04-30      | Fixed         | 0.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CDG3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $984806.06    | 0.15%             | 2026-10-31      | Fixed         | 1.12%                 | No            |                  2 | On Loan: No      |
| UnitedHealth Group Inc         | UnitedHealth Group Inc                                                          | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |     30438 | NS      | $8236218.42   | 1.29%             |  |  |  | No            |                  1 | On Loan: No      |
| VERISK ANALYTICS INC           | Verisk Analytics Inc                                                            | CUSIP: 92345YAP1<br>LEI: 549300I1YSWNIRKBWP67 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $983835.10    | 0.15%             | 2031-03-15      | Fixed         | 4.45%                 | No            |                  2 | On Loan: No      |
| WESTLAKE CORP                  | Westlake Corp                                                                   | CUSIP: 960413BB7<br>LEI: GOXNEVUM0LL78B1OS344 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $998106.44    | 0.16%             | 2035-11-15      | Fixed         | 5.55%                 | No            |                  2 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                  | CUSIP: 963320BC9<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $892217.90    | 0.14%             | 2034-03-01      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| WINTRUST FINANCIAL CORP        | Wintrust Financial Corp                                                         | CUSIP: 97650WAG3<br>LEI: Q774KI4AW80FHFW33O61 | Long             | DBT              | CORP              | US        |   3500000 | PA      | $3418806.51   | 0.54%             | 2029-06-06      | Fixed         | 4.85%                 | No            |                  2 | On Loan: No      |
| WISCONSIN POWER & LIGHT        | Wisconsin Power and Light Co                                                    | CUSIP: 976826BR7<br>LEI: JWBYHVQVMY66CVCOSO49 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1003878.05   | 0.16%             | 2033-04-01      | Fixed         | 4.95%                 | No            |                  2 | On Loan: No      |
| Xcel Energy Inc                | Xcel Energy Inc                                                                 | CUSIP: 98389B100<br>LEI: LGJNMI9GH8XIDG5RCM61 | Long             | EC               | CORP              | US        |    177100 | NS      | $14068824.00  | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                             | CUSIP: 65889BDC5<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    630000 | PA      | $652907.81    | 0.10%             | 2036-01-01      | Fixed         | 5.68%                 | No            |                  2 | On Loan: No      |
| PENSKE TRUCK LEASING/PTL       | Penske Truck Leasing Co Lp / PTL Finance Corp                                   | CUSIP: 709599BW3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    500000 | PA      | $514450.80    | 0.08%             | 2028-08-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| PIERRE SD SCH DIST #32-2       | Pierre School District No 32-2                                                  | CUSIP: 720871FW7<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    920000 | PA      | $800036.88    | 0.13%             | 2033-08-01      | Fixed         | 2.04%                 | No            |                  2 | On Loan: No      |
| UNITEDHEALTH GROUP INC         | UnitedHealth Group Inc                                                          | CUSIP: 91324PAX0<br>LEI: 549300GHBMY8T5GXDE41 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2187771.38   | 0.34%             | 2037-06-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 AA PTT         | American Airlines 2015-2 Class AA Pass Through Trust                            | CUSIP: 02377BAB2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    101033 | PA      | $99476.51     | 0.02%             | 2027-09-22      | Fixed         | 3.60%                 | No            |                  2 | On Loan: No      |
| AMFAM HOLDINGS INC             | AmFam Holdings Inc                                                              | CUSIP: 03115AAA1<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1540000 | PA      | $1353057.68   | 0.21%             | 2031-03-11      | Fixed         | 2.81%                 | No            |                  2 | On Loan: No      |
| ANALOG DEVICES INC             | Analog Devices Inc                                                              | CUSIP: 032654AW5<br>LEI: GYVOE5EZ4GDAVTU4CQ61 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $718525.11    | 0.11%             | 2041-10-01      | Fixed         | 2.80%                 | No            |                  2 | On Loan: No      |
| ASHTEAD CAPITAL INC            | Ashtead Capital Inc                                                             | CUSIP: 045054AS2<br>LEI: 213800J1134IW58IC398 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1020843.21   | 0.16%             | 2034-04-15      | Fixed         | 5.80%                 | No            |                  2 | On Loan: No      |
| AUTODESK INC                   | Autodesk Inc                                                                    | CUSIP: 052769AH9<br>LEI: FRKKVKAIQEF3FCSTPG55 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $877764.81    | 0.14%             | 2031-12-15      | Fixed         | 2.40%                 | No            |                  2 | On Loan: No      |
| AVNET INC                      | Avnet Inc                                                                       | CUSIP: 053807AV5<br>LEI: XJI53DCPL7QABOWK4Z75 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1012943.78   | 0.16%             | 2032-06-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| BANK OF MONTREAL               | Bank of Montreal                                                                | CUSIP: 06368DH72<br>LEI: NQQ6HPCNCCU6TUTQYE16 | Long             | DBT              | CORP              | CA        |   2150000 | PA      | $1911603.27   | 0.30%             | 2037-01-10      | Variable      | 3.09%                 | No            |                  2 | On Loan: No      |
| Bio-Techne Corp                | Bio-Techne Corp                                                                 | CUSIP: 09073M104<br>LEI: 54930073RLKQ51TILZ35 | Long             | EC               | CORP              | US        |    106876 | NS      | $5585339.76   | 0.88%             |  |  |  | No            |                  1 | On Loan: No      |
| DENTSPLY SIRONA INC            | DENTSPLY SIRONA Inc                                                             | CUSIP: 24906PAA7<br>LEI: 9NHEHR1SOZCYXDO8HO28 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $921267.43    | 0.14%             | 2030-06-01      | Fixed         | 3.25%                 | No            |                  2 | On Loan: No      |
| EBAY INC                       | eBay Inc                                                                        | CUSIP: 278642BB8<br>LEI: OML71K8X303XQONU6T67 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2155870.60   | 0.34%             | 2032-11-22      | Fixed         | 6.30%                 | No            |                  2 | On Loan: No      |
| FMR LLC                        | FMR LLC                                                                         | CUSIP: 30251BAB4<br>LEI: 6X064LF7Y6B4DKF2GZ26 | Long             | DBT              | CORP              | US        |   1141000 | PA      | $1237129.85   | 0.19%             | 2039-11-15      | Fixed         | 6.45%                 | No            |                  2 | On Loan: No      |
| Hormel Foods Corp              | Hormel Foods Corp                                                               | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |    227474 | NS      | $5152286.10   | 0.81%             |  |  |  | No            |                  1 | On Loan: No      |
| INTL FLAVOR & FRAGRANCES       | International Flavors & Fragrances Inc                                          | CUSIP: 459506AP6<br>LEI: BZLRL03D3GPGMOGFO832 | Long             | DBT              | CORP              | US        |    486000 | PA      | $466356.86    | 0.07%             | 2027-10-15      | Fixed         | 1.83%                 | No            |                  2 | On Loan: No      |
| LAND O LAKES CAP TRST I        | Land O'Lakes Capital Trust I                                                    | CUSIP: 514665AA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1949000 | PA      | $2003291.34   | 0.31%             | 2028-03-15      | Fixed         | 7.45%                 | No            |                  2 | On Loan: No      |
| DISCOVERY HOLDINGS INC         | Discovery Global Holdings Inc                                                   | CUSIP: 55903VBQ5<br>LEI: 549300DXR29GD4N0A520 | Long             | DBT              | CORP              | US        |    581000 | PA      | $512546.58    | 0.08%             | 2032-03-15      | Fixed         | 4.28%                 | No            |                  2 | On Loan: No      |
| Motorola Solutions Inc         | Motorola Solutions Inc                                                          | CUSIP: 620076307<br>LEI: 6S552MUG6KGJVEBSEC55 | Long             | EC               | CORP              | US        |     29205 | NS      | $12674093.85  | 1.99%             |  |  |  | No            |                  1 | On Loan: No      |
| NAUGATUCK CT                   | Borough of Naugatuck CT                                                         | CUSIP: 639064B60<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |   1000000 | PA      | $719329.90    | 0.11%             | 2046-09-15      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| Medtronic PLC                  | Medtronic PLC                                                                   | CUSIP: N/A<br>LEI: 549300GX3ZBSQWUXY261       | Long             | EC               | CORP              | IE        |    119000 | NS      | $10311350.00  | 1.62%             |  |  |  | No            |                  1 | On Loan: No      |
| ALBEMARLE CORP                 | Albemarle Corp                                                                  | CUSIP: 012653AE1<br>LEI: HDBLS2Q6GV1LSKQPBS54 | Long             | DBT              | CORP              | US        |    850000 | PA      | $853658.15    | 0.13%             | 2032-06-01      | Fixed         | 5.05%                 | No            |                  2 | On Loan: No      |
| AMER AIRLN 15-2 A PASS T       | American Airlines 2015-2 Class A Pass Through Trust                             | CUSIP: 02377BAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    329411 | PA      | $324685.01    | 0.05%             | 2027-09-22      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| ASSURANT INC                   | Assurant Inc                                                                    | CUSIP: 04621XAN8<br>LEI: H3F39CAXWQRVWURFXL38 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $875527.68    | 0.14%             | 2032-01-15      | Fixed         | 2.65%                 | No            |                  2 | On Loan: No      |
| CVS HEALTH CORP                | CVS Health Corp                                                                 | CUSIP: 126650DP2<br>LEI: 549300EJG376EN5NQE29 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1056907.85   | 0.17%             | 2040-08-21      | Fixed         | 2.70%                 | No            |                  2 | On Loan: No      |
| Casey's General Stores Inc     | Casey's General Stores Inc                                                      | CUSIP: 147528103<br>LEI: 549300CAFWSI86V66Q65 | Long             | EC               | CORP              | US        |      8000 | NS      | $5822880.00   | 0.91%             |  |  |  | No            |                  1 | On Loan: No      |
| CABOT CORP                     | Cabot Corp                                                                      | CUSIP: 127055AK7<br>LEI: K05C0SER542GQ6VLRO68 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1490743.01   | 0.23%             | 2026-09-15      | Fixed         | 3.40%                 | No            |                  2 | On Loan: No      |
| Walt Disney Co/The             | Walt Disney Co/The                                                              | CUSIP: 254687106<br>LEI: 549300GZKULIZ0WOW665 | Long             | EC               | CORP              | US        |     37000 | NS      | $3566060.00   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CCY5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $939199.22    | 0.15%             | 2028-09-30      | Fixed         | 1.25%                 | No            |                  2 | On Loan: No      |
| VIATRIS INC                    | Viatris Inc                                                                     | CUSIP: 92556VAC0<br>LEI: 254900ZZTSW7NL773X71 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1454796.23   | 0.23%             | 2027-06-22      | Fixed         | 2.30%                 | No            |                  2 | On Loan: No      |
| VIRGINIA ELEC & POWER CO       | Virginia Electric and Power Co                                                  | CUSIP: 927804FL3<br>LEI: CQKUMNNZVDJLRYV2PT43 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $802440.48    | 0.13%             | 2043-01-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                                                            | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     32000 | NS      | $7353280.00   | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| CHOICE HOTELS INTL INC         | Choice Hotels International Inc                                                 | CUSIP: 169905AH9<br>LEI: 5493003CYRY5RFGTIR97 | Long             | DBT              | CORP              | US        |    750000 | PA      | $757765.16    | 0.12%             | 2034-08-01      | Fixed         | 5.85%                 | No            |                  2 | On Loan: No      |
| COX COMMUNICATIONS INC         | Cox Communications Inc                                                          | CUSIP: 224044CF2<br>LEI: 5493001NEDZNIFRP2R92 | Long             | DBT              | CORP              | US        |   1880000 | PA      | $1713007.33   | 0.27%             | 2035-02-01      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| DUKE ENERGY CAROLINAS          | Duke Energy Carolinas LLC                                                       | CUSIP: 26442CAA2<br>LEI: MWIUSDMN17TCR56VW396 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1058381.77   | 0.17%             | 2037-06-01      | Fixed         | 6.10%                 | No            |                  2 | On Loan: No      |
| ENTEGRIS INC                   | Entegris Inc                                                                    | CUSIP: 29365BAA1<br>LEI: IYX6OWO7BT5DKO3BYG52 | Long             | DBT              | CORP              | US        |   3000000 | PA      | $2967195.00   | 0.47%             | 2029-04-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| First American Government Obli | First American Government Obligations Fund                                      | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   3619750 | NS      | $3619749.96   | 0.57%             |  |  |  | No            |                  1 | On Loan: No      |
| FORD MOTOR CREDI               | Ford Motor Credit Co LLC                                                        | CUSIP: 345397B69<br>LEI: UDSQCVRUX5BONN0VY111 | Long             | DBT              | CORP              | US        |   1750000 | PA      | $1577975.86   | 0.25%             | 2031-06-17      | Fixed         | 3.62%                 | No            |                  2 | On Loan: No      |
| HB Fuller Co                   | HB Fuller Co                                                                    | CUSIP: 359694106<br>LEI: JSMX3Z5FOYM8V0Q52357 | Long             | EC               | CORP              | US        |     79841 | NS      | $4924592.88   | 0.77%             |  |  |  | No            |                  1 | On Loan: No      |
| GENERAL MOTORS CO              | General Motors Co                                                               | CUSIP: 37045VAN0<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $994634.46    | 0.16%             | 2027-10-01      | Fixed         | 4.20%                 | No            |                  2 | On Loan: No      |
| GENERAL MOTORS CO              | General Motors Co                                                               | CUSIP: 37045VAP5<br>LEI: 54930070NSV60J38I987 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $939463.86    | 0.15%             | 2038-04-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| IOWA ST FIN AUTH SF MTGE REVEN | Iowa Finance Authority                                                          | CUSIP: 46247EJX4<br>LEI: 549300NQVL49BTHOW391 | Long             | DBT              | MUN               | US        |    600000 | PA      | $612220.98    | 0.10%             | 2035-07-01      | Fixed         | 5.28%                 | No            |                  2 | On Loan: No      |
| M&T BANK CORPORATION           | M&T Bank Corp                                                                   | CUSIP: 55261FAH7<br>LEI: 549300WYXDDBYRASEG81 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $992227.00    | 0.16%             | 2026-11-01      | Variable      | 5.12%                 | No            |                  2 | On Loan: No      |
| MCDONALD'S CORP                | McDonald's Corp                                                                 | CUSIP: 58013MEN0<br>LEI: UE2136O97NLB5BYP9H04 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $806870.68    | 0.13%             | 2042-02-15      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| MICRON TECHNOLOGY INC          | Micron Technology Inc                                                           | CUSIP: 595112CH4<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | DBT              | CORP              | US        |    500000 | PA      | $539941.74    | 0.08%             | 2035-11-01      | Fixed         | 6.05%                 | No            |                  2 | On Loan: No      |
| MINNESOTA ST HSG FIN AGY       | Minnesota Housing Finance Agency                                                | CUSIP: 60416UQC2<br>LEI: 549300R89XDTQBK4GE22 | Long             | DBT              | MUN               | US        |    965000 | PA      | $981872.16    | 0.15%             | 2035-07-01      | Fixed         | 5.41%                 | No            |                  2 | On Loan: No      |
| MOSAIC CO                      | Mosaic Co/The                                                                   | CUSIP: 61945CAD5<br>LEI: 2YD5STGSJNMUB7H76907 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2023400.90   | 0.32%             | 2033-11-15      | Fixed         | 5.45%                 | No            |                  2 | On Loan: No      |
| NORTH DAKOTA ST HSG FIN AGY    | North Dakota Housing Finance Agency                                             | CUSIP: 65889BDB7<br>LEI: 549300DVQAGW0B16JX70 | Long             | DBT              | MUN               | US        |    300000 | PA      | $311093.58    | 0.05%             | 2035-07-01      | Fixed         | 5.63%                 | No            |                  2 | On Loan: No      |
| CHARLES SCHWAB CORP            | Charles Schwab Corp/The                                                         | CUSIP: 808513BJ3<br>LEI: 549300VSGCJ7E698NM85 | Long             | EP               | CORP              | US        |   2000000 | PA      | $1842651.00   | 0.29%             |  |  |  | No            |                  2 | On Loan: No      |
| AMER AIRLN 14-1 A PTT          | American Airlines 2014-1 Class A Pass Through Trust                             | CUSIP: 02377AAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    854110 | PA      | $848955.13    | 0.13%             | 2026-10-01      | Fixed         | 3.70%                 | No            |                  2 | On Loan: No      |
| American Express Co            | American Express Co                                                             | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     12710 | NS      | $3844520.80   | 0.60%             |  |  |  | No            |                  1 | On Loan: No      |
| BLACK HILLS CORP               | Black Hills Corp                                                                | CUSIP: 092113AW9<br>LEI: 3MGELCRSTNSAMJ962671 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2108825.56   | 0.33%             | 2034-05-15      | Fixed         | 6.15%                 | No            |                  2 | On Loan: No      |
| BROADCOM INC                   | Broadcom Inc                                                                    | CUSIP: 11135FBV2<br>LEI: 549300WV6GIDOZJTV909 | Long             | DBT              | CORP              | US        |   1500000 | PA      | $1456894.29   | 0.23%             | 2037-05-15      | Fixed         | 4.93%                 | No            |                  2 | On Loan: No      |
| EQUIFAX INC                    | Equifax Inc                                                                     | CUSIP: 294429AG0<br>LEI: 5493004MCF8JDC86VS77 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2217412.48   | 0.35%             | 2037-07-01      | Fixed         | 7.00%                 | No            |                  2 | On Loan: No      |
| FIRST NATIONAL OF NEBRAS       | First National of Nebraska Inc                                                  | CUSIP: 32119CAA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    750000 | PA      | $777192.48    | 0.12%             | 2035-06-15      | Variable      | 7.25%                 | No            |                  2 | On Loan: No      |
| QUALCOMM Inc                   | QUALCOMM Inc                                                                    | CUSIP: 747525103<br>LEI: H1J8DDZKZP6H7RWC0H53 | Long             | EC               | CORP              | US        |     15317 | NS      | $1972523.26   | 0.31%             |  |  |  | No            |                  1 | On Loan: No      |
| RESIDEO FUNDING INC            | Resideo Funding Inc                                                             | CUSIP: 76119LAD3<br>LEI: 5493000IFJ6XJKH66598 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $986251.40    | 0.15%             | 2032-07-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| SABAL TRAIL TRANS              | Sabal Trail Transmission LLC                                                    | CUSIP: 78516FAB5<br>LEI: 5493002DWITGSZFUI977 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $936984.96    | 0.15%             | 2038-05-01      | Fixed         | 4.68%                 | No            |                  2 | On Loan: No      |
| SYNCHRONY FINANCIAL            | Synchrony Financial                                                             | CUSIP: 87165BAV5<br>LEI: 549300RS7EWPM9MA6C78 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1016282.46   | 0.16%             | 2030-08-02      | Variable      | 5.93%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CDJ7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2000000 | PA      | $1735351.56   | 0.27%             | 2031-11-15      | Fixed         | 1.38%                 | No            |                  2 | On Loan: No      |
| Visa Inc                       | Visa Inc                                                                        | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     48011 | NS      | $14510844.64  | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| WHIRLPOOL CORP                 | Whirlpool Corp                                                                  | CUSIP: 96332HCG2<br>LEI: WHENKOULSSK7WUM60H03 | Long             | DBT              | CORP              | US        |   1100000 | PA      | $825672.76    | 0.13%             | 2043-03-01      | Fixed         | 5.15%                 | No            |                  2 | On Loan: No      |
| CNA FINANCIAL CORP             | CNA Financial Corp                                                              | CUSIP: 126117AX8<br>LEI: 549300YX2GSZD7YG1R84 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2033249.02   | 0.32%             | 2033-06-15      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| HNI CORP                       | HNI Corp                                                                        | CUSIP: 404251AA8<br>LEI: 549300SKRADLC4O5HV93 | Long             | DBT              | CORP              | US        |   1375000 | PA      | $1316770.40   | 0.21%             | 2029-01-18      | Fixed         | 5.12%                 | No            |                  2 | On Loan: No      |
| HARTFORD INSUR GRP INC/T       | Hartford Insurance Group Inc/The                                                | CUSIP: 416518AC2<br>LEI: IU7C3FTM7Y3BQM112U94 | Long             | DBT              | CORP              | US        |   2300000 | PA      | $2475206.34   | 0.39%             | 2042-04-15      | Fixed         | 6.62%                 | No            |                  2 | On Loan: No      |
| SOCORRO TX INDEP SCH DIST      | Socorro Independent School District                                             | CUSIP: 833715HL2<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    500000 | PA      | $450395.80    | 0.07%             | 2031-08-15      | Fixed         | 2.12%                 | No            |                  2 | On Loan: No      |
| Sysco Corp                     | Sysco Corp                                                                      | CUSIP: 871829107<br>LEI: 5RGWIFLMGH3YS7KWI652 | Long             | EC               | CORP              | US        |     14546 | NS      | $1037566.18   | 0.16%             |  |  |  | No            |                  1 | On Loan: No      |
| US Bancorp                     | US Bancorp                                                                      | CUSIP: 902973304<br>LEI: N1GZ7BBF3NP8GI976H15 | Long             | EC               | CORP              | US        |     91768 | NS      | $4772853.68   | 0.75%             |  |  |  | No            |                  1 | On Loan: No      |
| UNITED AIR 2014-2 A PTT        | United Airlines 2014-2 Class A Pass Through Trust                               | CUSIP: 90932QAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    290922 | PA      | $289895.28    | 0.05%             | 2026-09-03      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| UNITED RENTALS NORTH AM        | United Rentals North America Inc                                                | CUSIP: 911365BP8<br>LEI: NGIZXNT70J2LYT3FBI09 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $916901.50    | 0.14%             | 2032-01-15      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CCR0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $937792.97    | 0.15%             | 2028-07-31      | Fixed         | 1.00%                 | No            |                  2 | On Loan: No      |
| US TREASURY N/B                | United States Treasury Note/Bond                                                | CUSIP: 91282CET4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   3000000 | PA      | $2959921.86   | 0.46%             | 2027-05-31      | Fixed         | 2.62%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 94974BFY1<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   1000000 | PA      | $1000105.44   | 0.16%             | 2026-06-03      | Fixed         | 4.10%                 | No            |                  2 | On Loan: No      |
| WELLS FARGO & COMPANY          | Wells Fargo & Co                                                                | CUSIP: 95000U3L5<br>LEI: PBLD0EJDB5FWOLXP3B76 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2025876.12   | 0.32%             | 2028-04-22      | Variable      | 5.71%                 | No            |                  2 | On Loan: No      |
| WOODBURY CNTY IA LAW ENFORCEME | Woodbury County Law Enforcement Center Authority                                | CUSIP: 979079AQ3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    750000 | PA      | $600684.53    | 0.09%             | 2040-06-01      | Fixed         | 3.09%                 | No            |                  2 | On Loan: No      |
| WORTHINGTON MN INDEP SCH DIST# | Worthington Independent School District No 518                                  | CUSIP: 981865KB3<br>LEI: N/A                  | Long             | DBT              | MUN               | US        |    850000 | PA      | $739109.09    | 0.12%             | 2039-02-01      | Fixed         | 3.30%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-27

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer