# EDGAR Filing Document

**Accession Number:** 0001141819
**File Stem:** 0001145549-25-051522
**Filing Date:** 2025-8
**Character Count:** 113488
**Document Hash:** b6992e0d63bcfabff351f95abb11d8c7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-051522.hdr.sgml**: 20250815

**ACCESSION NUMBER**: 0001145549-25-051522

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250815

**DATE AS OF CHANGE**: 20250815

**PERIOD START**: 20250930

**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:** 251223976

**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

### RiverPark Strategic Income Fund (Series ID: S000080182)

| Class ID   | Class Name                 | Ticker Symbol   |
|:---|:---|:---|
| C000241885 | Institutional Class Shares | RSIIX           |
| C000241886 | Retail Class Shares        | RSIVX           |

## Nport-Ex

---

| | | | |
|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS - 52.1%** | **CORPORATE BONDS - 52.1%** | **Par** | **Value** |
| **Accommodation and Food Services - 1.7%** | **Accommodation and Food Services - 1.7%** | **Accommodation and Food Services - 1.7%** | **Accommodation and Food Services - 1.7%** |
|  GrubHub Holdings, Inc., 5.50%, 07/01/2027 <sup>(a)</sup> |  | 10123000 | $9834068 |
| **Administrative and Support and Waste Management and Remediation Services - 0.3%** | **Administrative and Support and Waste Management and Remediation Services - 0.3%** | **Administrative and Support and Waste Management and Remediation Services - 0.3%** | **Administrative and Support and Waste Management and Remediation Services - 0.3%** |
|  Champion Iron Canada, Inc., 7.88%, 07/15/2032 <sup>(a)</sup> |  | 1584000 | 1606286 |
| **Communications - 0.2%** | **Communications - 0.2%** | **Communications - 0.2%** | **Communications - 0.2%** |
|  Inteno Group AB, 9.46% (3 mo. EURIBOR + 7.50%), 09/06/2026 | EUR | 1400000 | 1212114 |
| **Construction - 0.4%** | **Construction - 0.4%** | **Construction - 0.4%** | **Construction - 0.4%** |
|  Five Point Operating Co. LP, 10.50%, 01/15/2028 <sup>(a)(b)</sup> |  | 2427790 | 2471658 |
| **Consumer Discretionary - 0.8%** | **Consumer Discretionary - 0.8%** | **Consumer Discretionary - 0.8%** | **Consumer Discretionary - 0.8%** |
|  3t Global Bidco PLC, 11.25%, 05/22/2028 |  | 2125000 | 2146250 |
|  Amwood AB, 8.53% (3 Month Stockholm Interbank Offered Rates + 6.25%), 10/25/2027 | SEK | 26250000 | 2601166 |
|  |  |  | 4747416 |
| **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** | **Consumer Staples - 1.1%** |
|  Greenfood AB, 9.28% (3 Month Stockholm Interbank Offered Rates + 7.00%), 11/13/2028 | SEK | 32500000 | 3488866 |
|  Keyto Group AB, 7.57% (3 Month Stockholm Interbank Offered Rates + 5.25%), 05/08/2029 | SEK | 30000000 | 3178873 |
|  |  |  | 6667739 |
| **Energy - 3.5%** | **Energy - 3.5%** | **Energy - 3.5%** | **Energy - 3.5%** |
|  Forum Energy Technologies, Inc., 10.50%, 11/07/2029 |  | 18900000 | 19274412 |
|  Nynas AB, 11.75%, 06/17/2028 <sup>(a)</sup> |  | 1125000 | 1130156 |
|  |  |  | 20404568 |
| **Finance and Insurance - 8.8%** | **Finance and Insurance - 8.8%** | **Finance and Insurance - 8.8%** | **Finance and Insurance - 8.8%** |
|  Compass Group Diversified Holdings LLC, 5.25%, 04/15/2029 <sup>(a)</sup> |  | 7346000 | 6600047 |
|  Esmaeilzadeh Holding AB, 11.00% (or 11.00% PIK), 04/28/2028 | SEK | 2790540 | 254436 |
|  Genworth Holdings, Inc., 6.59% (3 mo. Term SOFR + 2.26%), 11/15/2036 |  | 2531000 | 2168245 |
| Icahn Enterprises LP | Icahn Enterprises LP | Icahn Enterprises LP | Icahn Enterprises LP |
| &nbsp;&nbsp; 6.25%, 05/15/2026 |  | 1150000 | 1142797 |
| &nbsp;&nbsp; 5.25%, 05/15/2027 |  | 11050000 | 10714705 |
|  Imola Merger Corp., 4.75%, 05/15/2029 <sup>(a)</sup> |  | 11823000 | 11418966 |
|  Mutares SE & Co. KGaA, 10.48% (3 mo. EURIBOR + 8.50%), 03/31/2027 | EUR | 847000 | 1016884 |
| Stockwik Forvaltning AB | Stockwik Forvaltning AB | Stockwik Forvaltning AB | Stockwik Forvaltning AB |
| &nbsp;&nbsp; 10.16% (3 Month Stockholm Interbank Offered Rates + 8.00%), 03/20/2026 | SEK | 40000000 | 4317771 |
| &nbsp;&nbsp; 9.41% (3 Month Stockholm Interbank Offered Rates + 7.25%), 06/26/2029 <sup>(a)</sup> | SEK | 30000000 | 3190764 |
|  StoneX Group, Inc., 7.88%, 03/01/2031 <sup>(a)</sup> |  | 10324000 | 10828645 |
|  |  |  | 51653260 |
| **Industrials - 3.0%** | **Industrials - 3.0%** | **Industrials - 3.0%** | **Industrials - 3.0%** |
|  Bonheur ASA, 6.92% (Norway Interbank Offered Rate Fixing 3 Month + 2.35%), 10/09/2029 <sup>(a)</sup> | NOK | 28500000 | 2842571 |
|  Mangrove Luxco III Sarl, 7.28% (3 mo. EURIBOR + 5.00%), 07/15/2029 <sup>(a)</sup> | EUR | 10570000 | 12586388 |
|  SLR Group GmbH, 9.36% (3 mo. EURIBOR + 7.00%), 10/09/2027 | EUR | 1865000 | 2095277 |
|  |  |  | 17524236 |
| **Information - 8.4%** | **Information - 8.4%** | **Information - 8.4%** | **Information - 8.4%** |
|  Azerion Group NV, 8.69% (3 mo. EURIBOR + 6.75%), 10/02/2026 | EUR | 8919000 | 10479901 |
| Consolidated Communications, Inc. | Consolidated Communications, Inc. | Consolidated Communications, Inc. | Consolidated Communications, Inc. |
| &nbsp;&nbsp; 5.00%, 10/01/2028 <sup>(a)</sup> |  | 2482000 | 2509762 |
| &nbsp;&nbsp; 6.50%, 10/01/2028 <sup>(a)</sup> |  | 11225000 | 11450089 |
| Go North Group AB | Go North Group AB | Go North Group AB | Go North Group AB |
| &nbsp;&nbsp; 0.00%, 02/09/2026 <sup>(c)(d)</sup> |  | 425856 | 0 |
| &nbsp;&nbsp; 10.15% (SOFR + 5.76%), 02/09/2026 |  | 3570942 | 1964018 |
| &nbsp;&nbsp; 15.00%, 02/09/2026 |  | 2034691 | 81388 |
| &nbsp;&nbsp; 15.00%, 02/02/2028 <sup>(c)(e)</sup> | SEK | 2760587 | 0 |
|  Impala BondCo PLC, 12.00% (3 Month STIBOR + 9.00%), 10/30/2027 | SEK | 10444492 | 689977 |
|  Sprint LLC, 7.63%, 03/01/2026 <sup>(f)(g)</sup> |  | 11126000 | 11233422 |
|  Ziff Davis, Inc., 4.63%, 10/15/2030 <sup>(a)</sup> |  | 11958000 | 11174624 |
|  |  |  | 49583181 |
| **Manufacturing - 5.9%** | **Manufacturing - 5.9%** | **Manufacturing - 5.9%** | **Manufacturing - 5.9%** |
|  Builders FirstSource, Inc., 4.25%, 02/01/2032 <sup>(a)</sup> |  | 4500000 | 4172290 |
|  Cannabist Co. Holdings, Inc., 9.25%, 12/31/2028 |  | 5068000 | 2990120 |
|  Crocs, Inc., 4.13%, 08/15/2031 <sup>(a)</sup> |  | 12899000 | 11629020 |
|  GE HealthCare Technologies, Inc., 4.80%, 08/14/2029 |  | 1633000 | 1657088 |
|  Secop Group Holding GmbH, 10.38% (3 mo. EURIBOR + 8.40%), 12/29/2026 | EUR | 1443000 | 1738024 |
|  Trulieve Cannabis Corp., 8.00%, 10/06/2026 |  | 5308000 | 5208581 |
|  Tyco Electronics Group SA, 4.50%, 02/09/2031 |  | 2771000 | 2768682 |
|  Western Digital Corp., 3.10%, 02/01/2032 |  | 4806000 | 4253526 |
|  |  |  | 34417331 |
| **Materials - 0.4%** | **Materials - 0.4%** | **Materials - 0.4%** | **Materials - 0.4%** |
|  Norske Skog ASA, 8.88% (Norway Interbank Offered Rate Fixing 3 Month + 4.50%), 06/25/2029 | NOK | 26300000 | 2539184 |
| **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** | **Mining, Quarrying, and Oil and Gas Extraction - 1.5%** |
|  Kistos Energy, 9.75%, 09/17/2026 |  | 6781 | 6731 |
| Nabors Industries, Inc. | Nabors Industries, Inc. | Nabors Industries, Inc. | Nabors Industries, Inc. |
| &nbsp;&nbsp; 7.38%, 05/15/2027 <sup>(a)</sup> |  | 1393000 | 1376633 |
| &nbsp;&nbsp; 7.50%, 01/15/2028 <sup>(a)</sup> |  | 8085000 | 7165630 |
|  Tacora Resources, Inc., 13.00%, 12/31/2025 <sup>(a)(c)</sup> |  | 2381851 | 476370 |
|  |  |  | 9025364 |
| **Other Services (except Public Administration) - 0.7%** | **Other Services (except Public Administration) - 0.7%** | **Other Services (except Public Administration) - 0.7%** | **Other Services (except Public Administration) - 0.7%** |
|  ANGI Group LLC, 3.88%, 08/15/2028 <sup>(a)</sup> |  | 485000 | 452445 |
|  WASH Multifamily Acquisition, Inc., 5.75%, 04/15/2026 <sup>(a)</sup> |  | 3602000 | 3591615 |
|  |  |  | 4044060 |
| **Professional, Scientific, and Technical Services - 5.9%** | **Professional, Scientific, and Technical Services - 5.9%** | **Professional, Scientific, and Technical Services - 5.9%** | **Professional, Scientific, and Technical Services - 5.9%** |
|  Charles River Laboratories International, Inc., 4.00%, 03/15/2031 <sup>(a)</sup> |  | 13098000 | 11996910 |
|  GemmaCert Ltd., 0.00%, 12/31/2025 <sup>(c)(d)(e)</sup> |  | 500965 | 0 |
| Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. | Getty Images, Inc. |
| &nbsp;&nbsp; 9.75%, 03/01/2027 <sup>(a)</sup> |  | 5504000 | 5398377 |
| &nbsp;&nbsp; 11.25%, 02/21/2030 <sup>(a)</sup> |  | 8769000 | 8710861 |
|  Go Daddy Operating Co. LLC, 5.25%, 12/01/2027 <sup>(a)</sup> |  | 8632000 | 8629336 |
|  |  |  | 34735484 |
| **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** | **Real Estate and Rental and Leasing - 0.3%** |
|  Forestar Group, Inc., 6.50%, 03/15/2033 <sup>(a)</sup> |  | 2000000 | 2016522 |
| **Retail Trade - 1.5%** | **Retail Trade - 1.5%** | **Retail Trade - 1.5%** | **Retail Trade - 1.5%** |
|  Kohl's Corp., 10.00%, 06/01/2030 <sup>(a)</sup> |  | 3122000 | 3236552 |
|  Superior Plus LP, 4.50%, 03/15/2029 <sup>(a)</sup> |  | 6045000 | 5818009 |
|  |  |  | 9054561 |
| **Technology - 2.5%** | **Technology - 2.5%** | **Technology - 2.5%** | **Technology - 2.5%** |
| Hawk Infinity Software AS | Hawk Infinity Software AS | Hawk Infinity Software AS | Hawk Infinity Software AS |
| &nbsp;&nbsp; 11.10% (Norway Interbank Offered Rate Fixing 3 Month + 6.50%), 10/15/2029 <sup>(a)</sup> | NOK | 6900000 | 692836 |
| &nbsp;&nbsp; 12.10% (Norway Interbank Offered Rate Fixing 3 Month + 7.50%), 10/15/2029 <sup>(a)(b)</sup> | NOK | 23800000 | 2389784 |
|  Platform Group AG, 8.88%, 07/11/2028 | EUR | 9586000 | 11404780 |
|  |  |  | 14487400 |
| **Transportation and Warehousing - 2.9%** | **Transportation and Warehousing - 2.9%** | **Transportation and Warehousing - 2.9%** | **Transportation and Warehousing - 2.9%** |
|  Summit Midstream Holdings LLC, 8.63%, 10/31/2029 <sup>(a)</sup> |  | 7842000 | 8012477 |
|  Uber Technologies, Inc., 7.50%, 09/15/2027 <sup>(a)</sup> |  | 662000 | 668340 |
|  XPO, Inc., 6.25%, 06/01/2028 <sup>(a)</sup> |  | 8385000 | 8524247 |
|  |  |  | 17205064 |
| **Utilities - 2.3%** | **Utilities - 2.3%** | **Utilities - 2.3%** | **Utilities - 2.3%** |
|  Hawaii Electric Light Company, 3.28%, 12/30/2040 <sup>(c)</sup> |  | 2945000 | 1711045 |
|  HMS Bergbau AG, 10.00%, 06/02/2030 | EUR | 9646000 | 11760228 |
|  |  |  | 13471273 |
| **TOTAL CORPORATE BONDS** (Cost $305,066,150) | **TOTAL CORPORATE BONDS** (Cost $305,066,150) | **TOTAL CORPORATE BONDS** (Cost $305,066,150) | 306700769 |
| **BANK LOANS - 26.3%** | **BANK LOANS - 26.3%** | **Par** | **Value** |
| **Communications - 7.1%** | **Communications - 7.1%** | **Communications - 7.1%** | **Communications - 7.1%** |
|  Cengage Learning, Inc., First Lien, 7.82% (1 mo. Term SOFR + 3.50%), 07/14/2026 |  | 5645411 | 5665509 |
|  Charter Communications Operating LLC, First Lien, 6.54% (1 mo. Term SOFR + 2.25%), 11/22/2031 |  | 7691723 | 7712413 |
|  CMG Media Corp., First Lien, 7.90% (3 mo. Term SOFR + 3.50%), 06/18/2029 |  | 14813894 | 14395179 |
|  Magnite, Inc., 7.33% (1 mo. Term SOFR + 3.00%), 02/06/2031 |  | 10730152 | 10777097 |
|  TripAdvisor, Inc., First Lien, 7.08% (1 mo. Term SOFR + 2.75%), 07/01/2031 |  | 2985000 | 2981269 |
|  |  |  | 41531467 |
| **Consumer Discretionary - 3.0%** | **Consumer Discretionary - 3.0%** | **Consumer Discretionary - 3.0%** | **Consumer Discretionary - 3.0%** |
|  Bally's Corp., First Lien, 7.78% (3 mo. Term SOFR + 3.25%), 10/02/2028 |  | 5147246 | 4568181 |
|  Champ Acquisition Corp., 8.17% (3 mo. Term SOFR + 4.50%), 11/08/2031 |  | 9937500 | 10030664 |
|  Elevate Textiles, Inc., 12.95% (3 mo. Term SOFR + 8.65%), 09/30/2027 |  | 191437 | 192074 |
|  Skechers USA 6/25 (USD) T/L B, 8.06% (1 mo. Term SOFR + 3.25%), 06/28/2032 |  | 2695000 | 2711844 |
|  |  |  | 17502763 |
| **Consumer Staples - 0.4%** | **Consumer Staples - 0.4%** | **Consumer Staples - 0.4%** | **Consumer Staples - 0.4%** |
|  United Natural Foods, Inc., First Lien, 9.08% (1 mo. Term SOFR + 4.75%), 10/22/2025 |  | 2078974 | 2099764 |
| **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** | **Finance and Insurance - 2.0%** |
|  Fiserv Investment T/L B, 8.32% (3 mo. Term SOFR + 4.00%), 02/18/2027 |  | 12125655 | 12019555 |
| **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** | **Health Care and Social Assistance - 1.1%** |
|  Inotiv, Inc., First Lien, 10.93% (1 mo. Term SOFR + 6.50%), 09/22/2026 |  | 7663593 | 6446998 |
| **Industrials - 1.9%** | **Industrials - 1.9%** | **Industrials - 1.9%** | **Industrials - 1.9%** |
|  Cleanova US Holdings LLC, 9.08% (3 mo. Term SOFR + 4.75%), 05/24/2032 |  | 9534000 | 9367155 |
|  Trulite Glass & Aluminum Solutions LLC, 10.29% (3 mo. Term SOFR + 6.00%), 02/15/2030 |  | 2110751 | 2057982 |
|  |  |  | 11425137 |
| **Information - 1.9%** | **Information - 1.9%** | **Information - 1.9%** | **Information - 1.9%** |
|  Audacy Capital LLC, 10.44% (1 mo. Term SOFR + 6.00%), 09/30/2029 |  | 10839687 | 9040299 |
|  Audacy Capital LLC Exit Loan, 11.44% (1 mo. Term SOFR + 7.00%), 09/30/2028 |  | 2276401 | 2265020 |
|  |  |  | 11305319 |
| **Materials - 3.8%** | **Materials - 3.8%** | **Materials - 3.8%** | **Materials - 3.8%** |
|  M2S Group Intermediate Holdings, Inc., First Lien, 9.03% (3 mo. Term SOFR + 4.75%), 08/22/2031 |  | 7196034 | 6984651 |
|  TPC Group, Inc., 9.95% (3 mo. Term SOFR + 5.75%), 11/24/2031 |  | 15614000 | 15132542 |
|  |  |  | 22117193 |
| **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** | **Professional, Scientific, and Technical Services - 0.4%** |
|  CCIT Holdings AS, 10.00%, 02/28/2029 <sup>(c)</sup> | EUR | 2252625 | 2653487 |
| **Retail Trade - 1.6%** | **Retail Trade - 1.6%** | **Retail Trade - 1.6%** | **Retail Trade - 1.6%** |
| Mountaineer Merger Corp. | Mountaineer Merger Corp. | Mountaineer Merger Corp. | Mountaineer Merger Corp. |
| &nbsp;&nbsp; 11.54% (3 mo. Term SOFR + 7.25%), 10/26/2028 |  | 5573080 | 2786540 |
| &nbsp;&nbsp; 12.58% (3 mo. Term SOFR + 7.75%), 10/26/2028 |  | 992482 | 992482 |
|  The Container Store, Inc., 9.26% (6 mo. Term SOFR + 5.00%), 07/30/2029 |  | 2405363 | 1322949 |
|  The Container Store, Inc. Exit Loan, 10.83% (1 mo. Term SOFR + 5.50%), 04/30/2029 |  | 4734005 | 4449965 |
|  |  |  | 9551936 |
| **Utilities - 1.7%** | **Utilities - 1.7%** | **Utilities - 1.7%** | **Utilities - 1.7%** |
|  Solaris Energy Infrastructure, 10.30% (3 mo. Term SOFR + 6.00%), 09/11/2029 |  | 9917000 | 10090548 |
| **Wholesale Trade - 1.4%** | **Wholesale Trade - 1.4%** | **Wholesale Trade - 1.4%** | **Wholesale Trade - 1.4%** |
| TMC Buyer (Terra Millennium) | TMC Buyer (Terra Millennium) | TMC Buyer (Terra Millennium) | TMC Buyer (Terra Millennium) |
| &nbsp;&nbsp; 5.00%, 10/25/2030 |  | 666284 | 668992 |
| &nbsp;&nbsp; 9.28% (3 mo. Term SOFR + 4.75%), 10/27/2030 |  | 7310799 | 7340518 |
|  |  |  | 8009510 |
| **TOTAL BANK LOANS** (Cost $157,671,649) | **TOTAL BANK LOANS** (Cost $157,671,649) | **TOTAL BANK LOANS** (Cost $157,671,649) | 154753677 |
| **CONVERTIBLE BONDS - 3.3%** | **CONVERTIBLE BONDS - 3.3%** | **Par** | **Value** |
| **Communications - 1.6%** | **Communications - 1.6%** | **Communications - 1.6%** | **Communications - 1.6%** |
|  Just Eat Takeaway.com NV, 0.63%, 02/09/2028 | EUR | 8300000 | 9564526 |
| **Energy, Quarrying, and Oil and Gas Extraction - 0.5%** | **Energy, Quarrying, and Oil and Gas Extraction - 0.5%** | **Energy, Quarrying, and Oil and Gas Extraction - 0.5%** | **Energy, Quarrying, and Oil and Gas Extraction - 0.5%** |
|  Golar LNG Ltd., 2.75%, 12/15/2030 <sup>(a)</sup> |  | 2540000 | 2613025 |
| **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** | **Finance and Insurance - 0.3%** |
|  Novedo Holding AB, 12.00% (or 12.00% PIK), 09/18/2028 | SEK | 17500000 | 1817348 |
| **Information - 0.8%** | **Information - 0.8%** | **Information - 0.8%** | **Information - 0.8%** |
|  Go North Group AB, 0.00%, 12/31/2050 <sup>(c)(d)</sup> | SEK | 18653577 | 0 |
|  Leafly Holdings, Inc., 8.00%, 07/01/2025 <sup>(c)</sup> |  | 3643000 | 3096550 |
|  Porch Group, Inc., 6.75%, 10/01/2028 <sup>(a)</sup> |  | 1653000 | 1652007 |
|  |  |  | 4748557 |
| **Professional, Scientific, and Technical Services - 0.1%** | **Professional, Scientific, and Technical Services - 0.1%** | **Professional, Scientific, and Technical Services - 0.1%** | **Professional, Scientific, and Technical Services - 0.1%** |
|  UpHealth, Inc., 13.45% (SOFR + 9.00%), 12/15/2025 <sup>(a)</sup> |  | 627000 | 586245 |
| **TOTAL CONVERTIBLE BONDS** (Cost $17,635,286) | **TOTAL CONVERTIBLE BONDS** (Cost $17,635,286) | **TOTAL CONVERTIBLE BONDS** (Cost $17,635,286) | 19329701 |
| **MORTGAGE-BACKED SECURITIES - 2.5%** | **MORTGAGE-BACKED SECURITIES - 2.5%** | **Par** | **Value** |
| **Finance and Insurance - 2.5%** | **Finance and Insurance - 2.5%** | **Finance and Insurance - 2.5%** | **Finance and Insurance - 2.5%** |
| BX Trust | BX Trust | BX Trust | BX Trust |
| &nbsp;&nbsp; Series 2021-VOLT, Class B, 5.38% (1 mo. Term SOFR + 1.06%), 09/15/2036 <sup>(a)</sup> |  | 2795069 | 2784854 |
| &nbsp;&nbsp; Series 2021-VOLT, Class C, 5.53% (1 mo. Term SOFR + 1.21%), 09/15/2036 <sup>(a)</sup> |  | 2228305 | 2218897 |
| JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities | JP Morgan Chase Commercial Mortgage Securities |
| &nbsp;&nbsp; Series 2021-MHC, Class A, 5.48% (1 mo. Term SOFR + 1.16%), 04/15/2038 <sup>(a)</sup> |  | 3550384 | 3552143 |
| &nbsp;&nbsp; Series 2021-MHC, Class B, 5.73% (1 mo. Term SOFR + 1.41%), 04/15/2038 <sup>(a)</sup> |  | 970000 | 971618 |
| Merit 2020 | Merit 2020 | Merit 2020 | Merit 2020 |
| &nbsp;&nbsp; Series 2021-STOR, Class A, 5.13% (1 mo. Term SOFR + 0.81%), 07/15/2038 <sup>(a)</sup> |  | 1915000 | 1915411 |
| &nbsp;&nbsp; Series 2022-MHIL, Class A, 5.13% (1 mo. Term SOFR + 0.81%), 01/15/2039 <sup>(a)</sup> |  | 3021418 | 3020520 |
|  |  |  | 14463443 |
| **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $14,324,689) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $14,324,689) | **TOTAL MORTGAGE-BACKED SECURITIES** (Cost $14,324,689) | 14463443 |
| **ASSET-BACKED SECURITIES - 1.9%** | **ASSET-BACKED SECURITIES - 1.9%** | **Par** | **Value** |
| **Transportation and Warehousing - 1.9%** | **Transportation and Warehousing - 1.9%** | **Transportation and Warehousing - 1.9%** | **Transportation and Warehousing - 1.9%** |
|  Hawaiian Holdings, Inc., Series 2013-1, 3.90%, 01/15/2026 |  | 11633518 | 11400847 |
| **TOTAL ASSET-BACKED SECURITIES** (Cost $11,410,439) | **TOTAL ASSET-BACKED SECURITIES** (Cost $11,410,439) | **TOTAL ASSET-BACKED SECURITIES** (Cost $11,410,439) | 11400847 |
| **PREFERRED STOCKS - 1.6%** |  | **Shares** | **Value**  |
| **Finance and Insurance - 0.2%** | **Finance and Insurance - 0.2%** | **Finance and Insurance - 0.2%** |  |
|  Saratoga Investment Corp., Series 2027, 6.00%, 04/30/2027 |  | 40765 | 990182 |
| **Wholesale Trade - 1.4%** | **Wholesale Trade - 1.4%** | **Wholesale Trade - 1.4%** |  |
|  NGL Energy Partners LP, Series B, 11.77% (3 mo. Term SOFR + 7.47%), Perpetual |  | 378384 | 8305529 |
| **TOTAL PREFERRED STOCKS** (Cost $7,969,180) | **TOTAL PREFERRED STOCKS** (Cost $7,969,180) | **TOTAL PREFERRED STOCKS** (Cost $7,969,180) | 9295711 |
| **COMMON STOCKS - 0.8%** |  | **Shares** | **Value**  |
| **Information - 0.1%** | **Information - 0.1%** | **Information - 0.1%** |  |
| Audacy Capital Class A <sup>(h)</sup> |  | 7239 | 72390 |
| Audacy Capital Class B <sup>(h)</sup> |  | 2481 | 24810 |
| Warner Bros Discovery, Inc. <sup>(h)(i)</sup> |  | 23800 | 272748 |
|  |  |  | 369948 |
| **Manufacturing - 0.7%** | **Manufacturing - 0.7%** | **Manufacturing - 0.7%** |  |
| Cannabist Co. Holdings, Inc. <sup>(c)(h)</sup> |  | 1194584 | 0 |
| Cannabist Co. Holdings, Inc. <sup>(c)(h)</sup> |  | 1194584 | 0 |
| Prosomnus Equity <sup>(c)(h)</sup> |  | 1385560 | 1669046 |
| RA Parent, Inc. <sup>(c)(h)</sup> |  | 43 | 2804100 |
|  |  |  | 4473146 |
| **Professional, Scientific, and Technical Services - 0.0%<sup>(j)</sup>** | **Professional, Scientific, and Technical Services - 0.0%<sup>(j)</sup>** | **Professional, Scientific, and Technical Services - 0.0%<sup>(j)</sup>** |  |
| GemmaCert Ltd. <sup>(c)(h)</sup> |  | 21135 | 0 |
| UpHealth, Inc. <sup>(h)</sup> |  | 133414 | 0 |
|  |  |  | 0 |
| **Retail Trade - 0.0%<sup>(j)</sup>** | **Retail Trade - 0.0%<sup>(j)</sup>** | **Retail Trade - 0.0%<sup>(j)</sup>** |  |
| The Container Store, Inc. <sup>(h)</sup> |  | 132177 | 33044 |
| **TOTAL COMMON STOCKS** (Cost $5,182,980) | **TOTAL COMMON STOCKS** (Cost $5,182,980) | **TOTAL COMMON STOCKS** (Cost $5,182,980) | 4876138 |
| **REAL ESTATE INVESTMENT TRUSTS - PREFERRED - 0.4%** |  | **Shares** | **Value**  |
| **Real Estate and Rental and Leasing - 0.4%** | **Real Estate and Rental and Leasing - 0.4%** | **Real Estate and Rental and Leasing - 0.4%** |  |
|  CTO Realty Growth, Inc., Series A, 6.38%, Perpetual |  | 122890 | 2473776 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - PREFERRED** (Cost $2,457,022) | 2473776 |
| **SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS) - 0.3%** |  | **Shares** | **Value**  |
| DT Cloud Star Acquisition Corp. <sup>(h)</sup> |  | 125000 | 1421875 |
| Plum Acquisition Corp. III <sup>(h)</sup> |  | 8594 | 1463 |
| **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,250,000) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,250,000) | **TOTAL SPECIAL PURPOSE ACQUISITION COMPANIES (SPACS)** (Cost $1,250,000) | 1423338 |
| **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.2%** | **FOREIGN GOVERNMENT DEBT OBLIGATIONS - 0.2%** | **Par** | **Value** |
|  Norway Government Bond, 3.75%, 06/12/2035 <sup>(a)</sup> | NOK | 12500000 | 1234752 |
| **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,180,297) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,180,297) | **TOTAL FOREIGN GOVERNMENT DEBT OBLIGATIONS** (Cost $1,180,297) | 1234752 |
| **REAL ESTATE INVESTMENT TRUSTS - COMMON - 0.1%** |  | **Shares** | **Value**  |
| **Real Estate and Rental and Leasing - 0.1%** | **Real Estate and Rental and Leasing - 0.1%** | **Real Estate and Rental and Leasing - 0.1%** |  |
| CTO Realty Growth, Inc. |  | 46938 | 810150 |
| **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $810,001) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $810,001) | **TOTAL REAL ESTATE INVESTMENT TRUSTS - COMMON** (Cost $810,001) | 810150 |
| **WARRANTS - 0.0%<sup>(j)</sup>** |  | **Contracts** | **Value**  |
| **Finance and Insurance *-* 0.0%<sup>(j)</sup>** | **Finance and Insurance *-* 0.0%<sup>(j)</sup>** | **Finance and Insurance *-* 0.0%<sup>(j)</sup>** |  |
| AA Mission Acquisition Corp., Expires 08/01/2030, Exercise Price $11.50 <sup>(h)</sup> |  | 49898 | 5579 |
| **Information *-* 0.0%<sup>(j)</sup>** | **Information *-* 0.0%<sup>(j)</sup>** | **Information *-* 0.0%<sup>(j)</sup>** |  |
| Audacy Warrants, Expires 09/30/2029, Exercise Price $0.01 <sup>(h)</sup> |  | 19401 | 194010 |
| Leafly Holdings, Inc., Expires 11/07/2026, Exercise Price $11.50 <sup>(h)</sup> |  | 21228 | 240 |
| **Total Information** | **Total Information** | **Total Information** | 194250 |
| **Manufacturing *-* 0.0%<sup>(j)</sup>** | **Manufacturing *-* 0.0%<sup>(j)</sup>** | **Manufacturing *-* 0.0%<sup>(j)</sup>** |  |
| McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25 <sup>(c)(h)</sup> |  | 286965 | 0 |
| McDermott International Ltd., Expires 06/30/2027, Exercise Price $1.25 <sup>(c)(h)</sup> |  | 258269 | 0 |
| **Total Manufacturing** | **Total Manufacturing** | **Total Manufacturing** | 0 |
| **TOTAL WARRANTS** (Cost $693,451) | **TOTAL WARRANTS** (Cost $693,451) | **TOTAL WARRANTS** (Cost $693,451) | 199829 |
| **RIGHTS - 0.0%<sup>(j)</sup>** |  | **Shares** | **Value**  |
| **Administrative and Support and Waste Management and Remediation Services *-* 0.0%<sup>(j)</sup>** | **Administrative and Support and Waste Management and Remediation Services *-* 0.0%<sup>(j)</sup>** | **Administrative and Support and Waste Management and Remediation Services *-* 0.0%<sup>(j)</sup>** |  |
| Drugs Made In America Acquisition Corp., Expires 10/15/2029, Exercise Price $10.00 <sup>(h)</sup> |  | 800000 | 99920 |
| **TOTAL RIGHTS** (Cost $98,765) | **TOTAL RIGHTS** (Cost $98,765) | **TOTAL RIGHTS** (Cost $98,765) | 99920 |
| **SHORT-TERM INVESTMENTS - 10.5%** | **SHORT-TERM INVESTMENTS - 10.5%** |  | **Value**  |
| **Commercial Paper - 5.8%** |  |  **<u>Par</u>** |  |
| **Manufacturing — 2.2%** |  |  |  |
| Jabil, Inc., 4.83%, 07/02/2025 <sup>(k)</sup> |  | 13233000 | 13229249 |
| **Real Estate and Rental and Leasing — 2.1%** |  |  |  |
| Crown Castle International Corp., 5.12%, 07/22/2025 <sup>(k)</sup> |  | 12320000 | 12282335 |
| **Technology — 1.5%** |  |  |  |
| Telus Corp., 5.19%, 08/11/2025 <sup>(k)</sup> |  | 8800000 | 8752865 |
| **Total Commercial Paper** (Cost $34,264,778) |  |  | 34264449 |
| **Money Market Funds - 4.7%** |  | **<u>Shares</u>** |  |
| First American Government Obligations Fund - Class X, 4.23% <sup>(l)</sup> |  | 2358820 | 2358820 |
| First American Treasury Obligations Fund - Class X, 4.22% <sup>(l)</sup> |  | 25152274 | 25152274 |
| **Total Money Market Funds** (Cost $27,511,094) |  |  | 27511094 |
| **TOTAL SHORT-TERM INVESTMENTS** (Cost $61,775,872) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $61,775,872) | **TOTAL SHORT-TERM INVESTMENTS** (Cost $61,775,872) | 61775543 |
| **TOTAL INVESTMENTS - 100.0% (**Cost $587,525,781**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $587,525,781**)** | **TOTAL INVESTMENTS - 100.0% (**Cost $587,525,781**)** | 588837594 |
| Other Assets in Excess of Liabilities - 0.0% <sup>(j)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(j)</sup> | Other Assets in Excess of Liabilities - 0.0% <sup>(j)</sup> | 2561 |
| **TOTAL NET ASSETS - 100.0%** |  |  | $588840155 |
| two | two | two | –% |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | –% |
| Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. | Par amount is in USD unless otherwise indicated. |  |

---

---

| |
|:---|
| ASA - Advanced Subscription Agreement |
| EURIBOR - Euro Interbank Offered Rate |
| LLC - Limited Liability Company |
| LP - Limited Partnership |
| PIK - Payment in Kind |
| PLC - Public Limited Company |
| SOFR - Secured Overnight Financing Rate<br> STIBOR – Stockholm Interbank Offered Rate |
| EUR - Euro |
| NOK - Norwegian Krone |
| SEK - Swedish Krona |

---

(a) Security is exempt from registration pursuant to Rule 144A under the Securities Act of 1933, as amended. These securities may only be resold in transactions exempt from registration to qualified
 institutional investors. As of June 30, 2025, the value of these securities total $199,942,638 or 34.0% of the Fund's net assets.

(b) Step coupon bond. The rate disclosed is as of June 30, 2025.

(c) Fair value determined using significant unobservable inputs in accordance with procedures established by and under the supervision of the Adviser, acting as Valuation Designee. These securities
 represented $12,410,598 or 2.1% of net assets as of June 30, 2025.

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

(e) Security is currently in default.

(f) All or a portion of security has been pledged as collateral for written options. The fair value of assets committed as collateral as of June 30, 2025 is $11,232,698.

(g) All or a portion of security has been pledged as collateral for securities sold short. The fair value of assets committed as collateral as of June 30, 2025 is $11,232,698.

(h) Non-income producing security.

(i) Held in connection with written option contracts. See Schedule of Written Options for further information.

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

(k) The rate shown is the annualized effective yield as of June 30, 2025.

(l) The rate shown represents the 7-day annualized effective yield as of June 30, 2025.

------

---

| | | | |
|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** | **Schedule of Written Options** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **WRITTEN OPTIONS - (0.0)%** <sup>(a)(b)</sup> | **Notional Amount** | **Contracts** | **Value** |
| **Call Options - (0.0)%** <sup>(c)</sup> | **Call Options - (0.0)%** <sup>(c)</sup> | **Call Options - (0.0)%** <sup>(c)</sup> | **Call Options - (0.0)%** <sup>(c)</sup> |
| iShares iBoxx $ High Yield Corporate Bond ETF, Expiration: 08/15/2025; Exercise Price: $80.00 | $(8427925) | (1045) | $(76285) |
| Warner Bros Discovery, Inc. |  | – | $– |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 07/18/2025; Exercise Price: $11.50 | (170754) | (149) | (5811) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Expiration: 07/18/2025; Exercise Price: $11.00 | (170754) | (149) | (9834) |
| **Total Call Options** |  |  | (91930) |
| **Put Options - (0.0)%** <sup>(c)</sup> | **Put Options - (0.0)%** <sup>(c)</sup> | **Put Options - (0.0)%** <sup>(c)</sup> | **Put Options - (0.0)%** <sup>(c)</sup> |
| iShares iBoxx $ Investment Grade Corporate Bond ETF, Expiration: 07/18/2025; Exercise Price: $105.00 | (3781545) | (345) | (3450) |
| Warner Bros Discovery, Inc., Expiration: 10/17/2025; Exercise Price: $11.00 | (341508) | (298) | (26969) |
| **Total Put Options** |  |  | (30419) |
| **TOTAL WRITTEN OPTIONS** (Premiums received $163,056) |  |  | $(122349) |
| Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. | Percentages are stated as a percent of net assets. |

---

(a) 100 shares per contract.

(b) Exchange-traded.

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

------

---

| | | |
|:---|:---|:---|
| **RiverPark Strategic Income Fund<br> Schedule of Securities Sold Short** | **RiverPark Strategic Income Fund<br> Schedule of Securities Sold Short** | **RiverPark Strategic Income Fund<br> Schedule of Securities Sold Short** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **CORPORATE BONDS** - **(2.1)%** | **Par** | **Value** |
| **Information - (0.6)%** | **Information - (0.6)%** | **Information - (0.6)%** |
|  Comcast Corp., 5.30%, 06/01/2034 | $(3481000) | $(3566958) |
| **Manufacturing - (0.6)%** | **Manufacturing - (0.6)%** | **Manufacturing - (0.6)%** |
|  PepsiCo, Inc., 5.00%, 02/07/2035 | (3481000) | (3536544) |
| **Retail Trade - (0.9)%** | **Retail Trade - (0.9)%** | **Retail Trade - (0.9)%** |
|  Advance Auto Parts, Inc., 5.95%, 03/09/2028 | (5000000) | (5118930) |
| **TOTAL CORPORATE BONDS** (Proceeds $12,020,302) | **TOTAL CORPORATE BONDS** (Proceeds $12,020,302) | (12222432) |
| **TOTAL SECURITIES SOLD SHORT - (2.1)%** (Proceeds $12,020,302) |  | $(12222432) |
| Percentages are stated as a percent of net assets. |  |  |

---

------

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** | **Schedule of Forward Currency Contracts** |
| **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** | **June 30, 2025 (Unaudited)** |
| **Counterparty** | **Settlement Date** | **Currency Purchased** | **Currency Purchased** | **Currency Sold** | **Currency Sold** | **Unrealized**<br> **Appreciation**<br> (Depreciation) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | EUR | 4625000 | USD | 5327538 | $126233 |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 62635089 | EUR | 55920000 | (3305417) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 10051336 | NOK | 104360000 | (303424) |
| U.S. Bancorp Investments, Inc. | 07/15/2025 | USD | 18557269 | SEK | 180015000 | (489596) |
| **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | **Net Unrealized Appreciation (Depreciation)** | $(3972204) |
| EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro | EUR - Euro |
| NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone | NOK - Norwegian Krone |
| SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona | SEK - Swedish Krona |
| USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar | USD - United States Dollar |

---

------

#### Summary of Fair Value Disclosure as of June 30, 2025 (Unaudited)
RiverPark Strategic Income 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 June 30, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
|  | **<u>Level 1</u>** | **<u>Level 2</u>** | **<u>Level 3</u>** | **<u>Total</u>** |
| **Assets:** | | | | |
| <u>Investments:</u> |  |  |  |  |
|  &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | 304513354 | 2187415 | 306700769 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Bank Loans | – | 152100190 | 2653487 | 154753677 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Convertible Bonds | – | 16233151 | 3096550 | 19329701 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Mortgage-Backed Securities | – | 14463443 | – | 14463443 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Asset-Backed Securities | – | 11400847 | – | 11400847 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Preferred Stocks | 9295711 | – | – | 9295711 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Common Stocks | 272748 | 130244 | 4473146 | 4876138 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Preferred | 2473776 | – | – | 2473776 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Special Purpose Acquisition Companies (SPACs) | – | 1423338 | – | 1423338 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Foreign Government Debt Obligations | – | 1234752 | – | 1234752 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trusts - Common | 810150 | – | – | 810150 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Warrants | – | 199829 | 0 | 199829 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Rights | 99920 | – | – | 99920 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Commercial Paper | – | 34264449 | – | 34264449 |
|  &nbsp;&nbsp;&nbsp;&nbsp;Money Market Funds | 27511094 | – | – | 27511094 |
| Total Investments | 40463399 | 535963597 | 12410598 | 588837594 |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forwards\* | – | 126233 | – | 126233 |
| Total Other Financial Instruments | – | 126233 | – | 126233 |
| **Liabilities:** |  |  |  |  |
| <u>Investments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Corporate Bonds | – | (12222432) | – | (12222432) |
| &nbsp;&nbsp;&nbsp;&nbsp;Written Options | (91930) | (30419) | – | (122349) |
| Total Investments | (91930) | (12252851) | – | (12344781) |
| <u>Other Financial Instruments:</u> |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Forwards\* | – | (4098437) | – | (4098437) |
| Total Other Financial Instruments | – | (4098437) | – | (4098437) |
| \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. | \* The fair value of the Fund's investment represents the unrealized appreciation (depreciation) as of June 30, 2025. |
| Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. | Refer to the Schedule of Investments for further disaggregation of investment categories. |
| Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. | Changes in valuation techniques may result in transfers into or out of assigned levels within the fair value hierarchy. There were transfers into or out of Level 3 during the reporting period as compared to the security classifications from the prior year's annual report. |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: | The following is a reconciliation of Level 3 assets in the Funds for which significant unobservable inputs were used to determine fair value: |
| **<u>RiverPark Strategic Income Fund</u>** | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Special Purpose<br> Acquisition Companies</u>** | **<u>Warrants</u>** |
| Beginning Balance - October 1, 2024 | 2243370 | - | 3538550 | 4516285 | 0 | 0 |
| Purchases | 198096 | 2301870 | - | - | - | - |
| Sales | - | - | (520000) | - | - | - |
| Realized gains | - | - | - | - | - | - |
| Realized losses | - | - | - | - | (50) | - |
| Accretion of discount/(amortization of premium) | (31247) | 2246 | - | - | - | - |
| Change in unrealized appreciation/(depreciation) | (222804) | 349371 | 78000 | (43139) | 50 | - |
| Transfer in/(out) of Level 3 | - | - | - | - | - | - |
| Ending Balance - June 30, 2025 | 2187415 | 2653487 | 3096550 | 4473146 | - | 0 |
| The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: | The total change in unrealized appreciation (depreciation) attributable to Level 3 investments still held at June 30, 2025, includes the following: |
|  | **<u>Corporate Bonds</u>** | **<u>Bank Loans</u>** | **<u>Convertible Bonds</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** | **<u>Common Stocks</u>** |
|  | (222804) | 349371 | 78000 | (43139) |  |  |
| To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below | To the extent the significant inputs are unobservable, the values generally would be categorized as Level 3 and "fair value" will be applied. Specifically, the matrix below |
| provides a summary of the approach taken: | provides a summary of the approach taken: | provides a summary of the approach taken: | provides a summary of the approach taken: | provides a summary of the approach taken: | provides a summary of the approach taken: | provides a summary of the approach taken: |
| **<u>Type of Security</u>** |  **<u>Examples of Input</u>** |  **<u>Examples of Input</u>** |  **<u>Examples of Input</u>** |  **<u>Examples of Input</u>** |  **<u>Examples of Input</u>** |  |
| Bank Loans, Corporate Bonds, Convertible Bonds, and Warrants | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: | Primarily based on financial analysis employing quantitative and qualitative inputs such as but may not be limited to: |
|  | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis | discounted cashflow, sum-of-the parts, competitive comparable valuations, and liquidation analysis |
| Special Purpose Acquisition Companies (SPACs); SPAC founders shares | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. | Upon separation, value based on public warrant pricing. Prior to separation, valued at $0. |
| Common Stock (Legended shares) | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. | The firm applies a 25% discount to current market price for common stock with a legend attached to it. |
| The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and | The following table represents additional information about valuation methodologies and inputs used for investments that are measured at fair value and |
| categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: | categorized within Level 3 as of June 30, 2025: |

---

---

| | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|
| **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** | **RiverPark Strategic Income Fund** |
| **Descriptions** | **Fair Value June 30, 2025** | **Valuation Techniques** | **Unobservable Input** | **Range of Input** | **Weighted Average Unobservable Input** | **Impact to Valuation from**<br> **an Increase in Input** |
| Corporate Bonds | $2187415 | Market Approach | Transaction price | N/A | N/A | Increase |
|  |  |  | Spread | 4.81% | 4.81% | Decrease |
|  |  |  | Yield to maturity | 8.06% | 8.06% | Decrease |
|  |  |  | Recoverable value | $0-20 | $0-20 | Increase |
| Bank Loans | $2653487 | Market Approach | Transaction price | $100.00 | $100.00 | Increase |
| Convertible Bonds | $3096550 | Market Approach | Yield to maturity | 61.80% | 61.80% | Decrease |
|  |  |  | Transaction price | N/A | N/A | Increase |
| Common Stocks | $4473146 | Market Approach | Broker quote | $65000 | $65000 | Increase |
|  |  |  | Enterprise Value | $1.42 | $1.42 | Increase |
|  |  |  | Discount | 15.00% | 15.00% | Decrease |
|  |  |  | Recoverable value | $0 | 0 | Increase |
|  |  |  | Transaction price | N/A | $N/A | Increase |
| Warrants | $0 | Market Approach | Recoverable value | $0 | 0 | Increase |

---

## 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:** RiverPark Strategic Income Fund

- **b. EDGAR series identifier (if any):** S000080182

- **c. LEI of Series:** 549300MW0PJLP8U34W36

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

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-06-30

**Item A.4. Final filing**

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

### Fund Information

**Total Assets:** $620825493.21

**Total Liabilities:** $32239074.07

**Net Assets:** $588586419.14

**Delayed Delivery Securities:** $6559000.00

**Cash Not Reported:** $19572281.15

**Currency Risk Metrics (dv01):**

- 

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

- **3-Month:** 6435.305502000000 | **1-Year:** 724.566400000000 | **5-Year:** 2449.888115000000 | **10-Year:** -2270.124762000000 | **30-Year:** 0.000000000000

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

- **3-Month:** 60754.049194000000 | **1-Year:** 39780.608566000000 | **5-Year:** 17654.735808000000 | **10-Year:** 65.320263000000 | **30-Year:** 0.000000000000

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000241885 | -0.52%               | 1.36%                | 1.07%                |
| Class ID C000241886 | -0.54%               | 1.34%                | 1.05%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-92826.54               | $-2652685.21                               |
| Month 2  | $398582.53               | $4312619.56                                |
| Month 3  | $2043436.13              | $3029678.59                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| GO DADDY OPCO/FINCO                                | Go Daddy Operating Co LLC / GD Finance Co Inc                 | CUSIP: 38016LAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   8632000 | PA      | $8629336.16   | 1.47%             | 2027-12-01      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB 0% BDS PERP USD1                 | GO NORTH GROUP AB 0% BDS PERP USD1                            | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |    244858 | PA      | $0.00         | 0.00%             | 2026-02-09      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| HAWAII ELECTRIC LIGHT CO. INC.                     | HAWAII ELECTRIC LIGHT CO. INC.                                | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | US        |   2945000 | PA      | $1711045.00   | 0.29%             | 2040-12-30      | Variable      | 3.28%                 | No            |                  3 | On Loan: No      |
| JABIL INC DISC COML PAPER                          | JABIL INC DISC COML PAPER                                     | CUSIP: 46652LU21<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  13233000 | PA      | $13229248.44  | 2.25%             | 2025-07-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC                                | Leafly Holdings Inc                                           | CUSIP: 58953MAA4<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   3643000 | PA      | $3096550.00   | 0.53%             | 2025-07-01      | Fixed         | 8.00%                 | No            |                  3 | On Loan: No      |
| KISTOS ENERGY (NOR 9.75%  SNR SEC 17/09/26 USD1    | KISTOS ENERGY (NOR 9.75%  SNR SEC 17/09/26 USD1               | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | NO        |      6781 | PA      | $6730.88      | 0.00%             | 2026-09-17      | Variable      | 9.75%                 | No            |                  2 | On Loan: No      |
| JUST EAT TAKEAWAY                                  | Just Eat Takeaway.com NV                                      | CUSIP: BN8560011<br>LEI: 724500FVZIBSSQ7SHI95 | Long             | DBT              | CORP              | NL        |   8300000 | PA      | $9564525.58   | 1.62%             | 2028-02-09      | Fixed         | 0.62%                 | No            |                  2 | On Loan: No      |
| N/A                                                | iShares iBoxx $ Investment Grade Corporate Bond ETF           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -345 | NC      | $-3450.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| CENGAGE LEARNING INC                               | Cengage Learning Inc                                          | CUSIP: 15131YAQ8<br>LEI: 549300BYGM0FWUSVXJ88 | Long             | LON              | CORP              | US        |   5645411 | PA      | $5665508.76   | 0.96%             | 2031-03-24      | Floating      | 7.82%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD4139261<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   2760587 | PA      | $0.00         | 0.00%             | 2028-02-02      | Fixed         | 15.00%                | No            |                  3 | On Loan: No      |
| HAWK INFINITY SOFTWARE                             | Hawk Infinity Software AS                                     | CUSIP: YS9609746<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |   6900000 | PA      | $692836.36    | 0.12%             | 2029-10-15      | Floating      | 11.10%                | No            |                  2 | On Loan: No      |
| GREENFOOD AB                                       | Greenfood AB                                                  | CUSIP: YU4668742<br>LEI: 54930026GZN5E1NE1E62 | Long             | DBT              | CORP              | SE        |  32500000 | PA      | $3488866.02   | 0.59%             | 2028-11-13      | Floating      | 9.28%                 | No            |                  2 | On Loan: No      |
| FIVE POINT OP CO LP/FIVE                           | Five Point Operating Co LP / Five Point Capital Corp          | CUSIP: 33834YAB4<br>LEI: N/A                  | Long             | SN               | CORP              | US        |   2427790 | PA      | $2471657.91   | 0.42%             | 2028-01-15      | Variable      | 10.50%                | No            |                  2 | On Loan: No      |
| KOHL'S CORPORATION                                 | Kohl's Corp                                                   | CUSIP: 500255AY0<br>LEI: 549300JF6LPRTRJ0FH50 | Long             | DBT              | CORP              | US        |   3122000 | PA      | $3236552.42   | 0.55%             | 2030-06-01      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| PEPSICO INC                                        | PepsiCo Inc                                                   | CUSIP: 713448GC6<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Short            | DBT              | CORP              | US        |  -3481000 | PA      | $-3536543.39  | -0.60%            | 2035-02-07      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| INOTIV INC                                         | Inotiv Inc                                                    | CUSIP: 45783RAC2<br>LEI: 549300FH5Z13X0Q5SK81 | Long             | LON              | CORP              | US        |   7663593 | PA      | $6446997.84   | 1.10%             | 2026-11-05      | Floating      | 10.94%                | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                     | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC | CUSIP: 466330AG2<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |    970000 | PA      | $971617.77    | 0.17%             | 2038-04-15      | Floating      | 5.73%                 | No            |                  2 | On Loan: No      |
| LEAFLY HOLDINGS INC                                | Leafly Holdings Inc                                           | CUSIP: 52178J113<br>LEI: N/A                  | N/A              | DE               | CORP              | US        |     21228 | NS      | $239.88       | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| MAGNITE INC                                        | Magnite Inc                                                   | CUSIP: 55955NAG3<br>LEI: 54930018FR2YX1HHSB02 | Long             | LON              | CORP              | US        |  10730152 | PA      | $10777096.81  | 1.83%             | 2031-02-06      | Floating      | 7.33%                 | No            |                  2 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20250715                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-3305416.58  | -0.56%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | SEK/USD FWD 20250715                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-489595.86   | -0.08%            |  |  |  | No            |                  2 | On Loan: No      |
| CTO REALTY GROWTH INC                              | CTO Realty Growth Inc                                         | CUSIP: 22948Q200<br>LEI: N/A                  | Long             | EP               | CORP              | US        |    122890 | NS      | $2473775.70   | 0.42%             |  |  |  | No            |                  1 | On Loan: No      |
| GRUBHUB HOLDINGS INC                               | GrubHub Holdings Inc                                          | CUSIP: 40010PAA6<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  10123000 | PA      | $9834068.32   | 1.67%             | 2027-07-01      | Fixed         | 5.50%                 | No            |                  2 | On Loan: No      |
| Merit                                              | MHP 2022-MHIL                                                 | CUSIP: 55293DAA9<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3021418 | PA      | $3020519.67   | 0.51%             | 2039-01-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| PORCH GROUP INC                                    | Porch Group Inc                                               | CUSIP: 733245AC8<br>LEI: 549300NXEI7CVW8IXQ90 | Long             | DBT              | CORP              | US        |   1653000 | PA      | $1652006.86   | 0.28%             | 2028-10-01      | Fixed         | 6.75%                 | No            |                  2 | On Loan: No      |
| GEMMACERT LTD                                      | GEMMACERT LTD                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    500965 | PA      | $0.00         | 0.00%             | 2025-12-31      | Fixed         | 9.00%                 | No            |                  3 | On Loan: No      |
| MANGROVE LUXCO III                                 | Mangrove Luxco III Sarl                                       | CUSIP: YW1323297<br>LEI: 549300GLJSZN1PU7T586 | Long             | DBT              | CORP              | LU        |   2695000 | PA      | $3209112.31   | 0.55%             | 2029-07-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| DT Cloud Star Acquisition Corp                     | DT Cloud Star Acquisition Corp                                | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    125000 | NS      | $1421875.00   | 0.24%             |  |  |  | No            |                  2 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                        | Mcdermott International Ltd                                   | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | N/A              | DE               | CORP              | US        |    286965 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | iShares iBoxx $ High Yield Corporate Bond ETF                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |     -1045 | NC      | $-176605.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: YX9284390<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |  18653577 | PA      | $0.00         | 0.00%             | 2050-12-31      | Fixed         | 0.00%                 | No            |                  3 | On Loan: No      |
| HAWAIIAN AIRLINES 13-1A                            | Hawaiian Airlines 2013-1 Class A Pass Through Certificates    | CUSIP: 419838AA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11633518 | PA      | $11400847.28  | 1.94%             | 2026-01-15      | Fixed         | 3.90%                 | No            |                  2 | On Loan: No      |
| SARATOGA INVESTMENT CORP                           | Saratoga Investment Corp                                      | CUSIP: 80349A802<br>LEI: 54930023WJCWPAGSWE41 | Long             | EP               | CORP              | US        |     40765 | NS      | $990181.85    | 0.17%             |  |  |  | No            |                  1 | On Loan: No      |
| SOLARIS OILFIELD INFRA                             | Solaris Oilfield Infrastructure LLC                           | CUSIP: 83418UAB1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9917000 | PA      | $10090547.50  | 1.71%             | 2029-09-11      | Floating      | 10.93%                | No            |                  2 | On Loan: No      |
| SECOP GROUP HLDG GMBH                              | Secop Group Holding GmbH                                      | CUSIP: ZK8432245<br>LEI: 3912009IWWPURB35WO49 | Long             | DBT              | CORP              | DE        |   1443000 | PA      | $1738024.45   | 0.30%             | 2026-12-29      | Floating      | 10.38%                | No            |                  2 | On Loan: No      |
| Drugs Made In America Acquisit                     | Drugs Made In America Acquisition Corp                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    800000 | NS      | $99920.00     | 0.02%             |  |  |  | No            |                  1 | On Loan: No      |
| ELEVATE TEXTILES INC                               | Elevate Textiles Inc                                          | CUSIP: 28622DAD2<br>LEI: M4ZRS7E9USM0DKM0N876 | Long             | LON              | CORP              | US        |    191437 | PA      | $192074.45    | 0.03%             | 2027-09-30      | Floating      | 12.95%                | No            |                  2 | On Loan: No      |
| SLR GROUP GMBH                                     | SLR Group GmbH                                                | CUSIP: ZD9638846<br>LEI: 529900WJI20NRSA96C93 | Long             | DBT              | CORP              | DE        |   1865000 | PA      | $2095277.29   | 0.36%             | 2027-10-09      | Floating      | 9.36%                 | No            |                  2 | On Loan: No      |
| Prosomnus Equity                                   | Prosomnus Equity                                              | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |   1385560 | NS      | $1669045.58   | 0.28%             |  |  |  | No            |                  3 | On Loan: No      |
| STOCKWIK FORVALTNING                               | Stockwik Forvaltning AB                                       | CUSIP: ZL4689937<br>LEI: 213800X1259MBEKD5H24 | Long             | DBT              | CORP              | SE        |  40000000 | PA      | $4317771.04   | 0.73%             | 2026-03-20      | Floating      | 10.15%                | No            |                  2 | On Loan: No      |
| ESMAEILZADEH HOLDING AB                            | Esmaeilzadeh Holding AB                                       | CUSIP: YO0507336<br>LEI: 549300T6QRNXUOE2MB11 | Long             | DBT              | CORP              | SE        |   2790540 | PA      | $254435.58    | 0.04%             | 2028-04-28      | Fixed         | 11.00%                | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                           | Consolidated Communications Inc                               | CUSIP: 20903XAH6<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |   2482000 | PA      | $2509761.67   | 0.43%             | 2028-10-01      | Fixed         | 5.00%                 | No            |                  2 | On Loan: No      |
| First American Government Obli                     | First American Government Obligations Fund                    | CUSIP: 31846V336<br>LEI: 549300R5MYM6VZF1RM44 | Long             | STIV             | RF                | US        |   1990171 | NS      | $1990171.37   | 0.34%             |  |  |  | No            |                  1 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AJ2<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   5504000 | PA      | $5398376.59   | 0.92%             | 2027-03-01      | Fixed         | 9.75%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BT3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   1150000 | PA      | $1142797.44   | 0.19%             | 2026-05-15      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| ICAHN ENTERPRISES/FIN                              | Icahn Enterprises LP / Icahn Enterprises Finance Corp         | CUSIP: 451102BZ9<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11050000 | PA      | $10714705.43  | 1.82%             | 2027-05-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| IMOLA MERGER CORP                                  | Imola Merger Corp                                             | CUSIP: 45258LAA5<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |  11823000 | PA      | $11418965.53  | 1.94%             | 2029-05-15      | Fixed         | 4.75%                 | No            |                  2 | On Loan: No      |
| ZIFF DAVIS INC                                     | Ziff Davis Inc                                                | CUSIP: 48123VAF9<br>LEI: 5493008OJYGLHD7MXA18 | Long             | DBT              | CORP              | US        |  11958000 | PA      | $11174623.89  | 1.90%             | 2030-10-15      | Fixed         | 4.62%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES INC                              | Nabors Industries Inc                                         | CUSIP: 62957HAJ4<br>LEI: 549300VFQWRKICUFNU92 | Long             | DBT              | CORP              | US        |   1393000 | PA      | $1376633.23   | 0.23%             | 2027-05-15      | Fixed         | 7.38%                 | No            |                  2 | On Loan: No      |
| UPHEALTH INC                                       | UpHealth Inc                                                  | CUSIP: 91532BAC5<br>LEI: 549300OSKGXG2OH2XE50 | Long             | DBT              | CORP              | US        |    627000 | PA      | $586245.00    | 0.10%             | 2025-12-15      | Floating      | 13.40%                | No            |                  2 | On Loan: No      |
| GEMMACERT LTD WTS                                  | GEMMACERT LTD WTS                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |     21135 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| MUTARES SE & CO                                    | Mutares SE & Co KGaA                                          | CUSIP: ZL6690784<br>LEI: 391200NWMO6NLQFSCU64 | Long             | DBT              | CORP              | DE        |    847000 | PA      | $1016883.80   | 0.17%             | 2027-03-31      | Floating      | 10.48%                | No            |                  2 | On Loan: No      |
| N/A                                                | EUR/USD FWD 20250715                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $126232.86    | 0.02%             |  |  |  | No            |                  2 | On Loan: No      |
| CLEANOVA US HOLDINGS LLC                           | Cleanova US Holdings LLC                                      | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   9534000 | PA      | $9367155.00   | 1.59%             | 2032-05-24      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| IMPALA GROUP PLC                                   | Impala BondCo PLC                                             | CUSIP: BR8492349<br>LEI: 549300H2NW5AUSWVQK84 | Long             | DBT              | CORP              | GB        |  10444492 | PA      | $689977.43    | 0.12%             | 2027-10-30      | None          | 12.00%                | No            |                  2 | On Loan: No      |
| HAWK INFINITY SOFTWARE                             | Hawk Infinity Software AS                                     | CUSIP: YU0717220<br>LEI: 549300B1TJBVGILMBQ39 | Long             | DBT              | CORP              | NO        |  23800000 | PA      | $2389783.37   | 0.41%             | 2029-10-15      | Floating      | 12.10%                | No            |                  2 | On Loan: No      |
| STOCKWIK FORVALTNING                               | Stockwik Forvaltning AB                                       | CUSIP: YN3342642<br>LEI: 213800X1259MBEKD5H24 | Long             | DBT              | CORP              | SE        |  30000000 | PA      | $3190764.09   | 0.54%             | 2029-06-26      | Floating      | 9.41%                 | No            |                  2 | On Loan: No      |
| N/A                                                | Warner Bros Discovery Inc                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -298 | NC      | $-19668.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| MANGROVE LUXCO III                                 | Mangrove Luxco III Sarl                                       | CUSIP: YW1323271<br>LEI: 549300GLJSZN1PU7T586 | Long             | DBT              | CORP              | LU        |   7875000 | PA      | $9377276.22   | 1.59%             | 2029-07-15      | Floating      | 7.28%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2021-VOLT                        | CUSIP: 05609VAG0<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2795069 | PA      | $2784854.28   | 0.47%             | 2036-09-15      | Floating      | 5.38%                 | No            |                  2 | On Loan: No      |
| CANNABIST CO HLDGS INC COM                         | CANNABIST CO HLDGS INC COM                                    | CUSIP: 13765Y400<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1194584 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| COMPASS GROUP DIVERSIFIE                           | Compass Group Diversified Holdings LLC                        | CUSIP: 20451RAB8<br>LEI: 549300I6PTUQPX21TE93 | Long             | DBT              | CORP              | US        |   7346000 | PA      | $6600046.76   | 1.12%             | 2029-04-15      | Fixed         | 5.25%                 | No            |                  2 | On Loan: No      |
| First American Treasury Obliga                     | First American Treasury Obligations Fund                      | CUSIP: 31846V328<br>LEI: 549300UU586IAH2B8H03 | Long             | STIV             | RF                | US        |  25152274 | NS      | $25152273.97  | 4.27%             |  |  |  | No            |                  1 | On Loan: No      |
| SPRINT LLC                                         | Sprint LLC                                                    | CUSIP: 85207UAK1<br>LEI: 549300ZTTY7CXOLJ6539 | Long             | DBT              | CORP              | US        |  11126000 | PA      | $11233422.09  | 1.91%             | 2026-03-01      | Fixed         | 7.62%                 | No            |                  2 | On Loan: No      |
| Audacy Capital Class A                             | Audacy Capital Class A                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      7239 | NS      | $72390.00     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| Audacy Capital Class B                             | Audacy Capital Class B                                        | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |      2481 | NS      | $24810.00     | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| CONTAINER STORE                                    | Container Store Inc/The                                       | CUSIP: 21075BAQ4<br>LEI: RU4H3CU9QRX4TIC35822 | Long             | LON              | CORP              | US        |   2405363 | PA      | $1322949.63   | 0.22%             | 2029-07-30      | Floating      | 9.26%                 | No            |                  2 | On Loan: No      |
| AA MISSION ACQUISITION COR-A                       | AA Mission Acquisition Corp                                   | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     50000 | NS      | $5590.00      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| PLUM ACQUISITION CORP III                          | Plum Acquisition Corp III                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |      8594 | NS      | $1463.13      | 0.00%             |  |  |  | No            |                  2 | On Loan: No      |
| AUDACY CAPITAL LLC                                 | Audacy Capital LLC                                            | CUSIP: 05070XAB7<br>LEI: 549300S5JUSXRHNCHD80 | Long             | LON              | CORP              | US        |  10839687 | PA      | $9040299.21   | 1.54%             | 2029-09-28      | Floating      | 10.44%                | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'      | GO NORTH GROUP AB FRN GTD 02/2026 USD1 'REGS'                 | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |   2034691 | PA      | $81387.64     | 0.01%             | 2026-02-09      | Floating      | 13.32%                | No            |                  2 | On Loan: No      |
| BONHEUR ASA                                        | Bonheur ASA                                                   | CUSIP: YU0204336<br>LEI: 213800HOQE1B34SUA323 | Long             | DBT              | CORP              | NO        |  28500000 | PA      | $2842570.61   | 0.48%             | 2029-10-09      | Floating      | 6.92%                 | No            |                  2 | On Loan: No      |
| RA PARENT INC                                      | RA PARENT INC                                                 | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |        43 | NS      | $2804100.00   | 0.48%             |  |  |  | No            |                  3 | On Loan: No      |
| TCSHO                                              | TCSHO                                                         | CUSIP: N/A<br>LEI: N/A                        | Long             | EC               | CORP              | US        |    132177 | NS      | $33044.25     | 0.01%             |  |  |  | No            |                  2 | On Loan: No      |
| N/A                                                | Warner Bros Discovery Inc                                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -298 | NC      | $-26969.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| WASH MULTIFAM ACQ INC                              | WASH Multifamily Acquisition Inc                              | CUSIP: 93710WAA3<br>LEI: 549300AS7PRY5PHG6L12 | Long             | DBT              | CORP              | US        |   3602000 | PA      | $3591615.07   | 0.61%             | 2026-04-15      | Fixed         | 5.75%                 | No            |                  2 | On Loan: No      |
| TEGRA118 WEALTH SOLUTION                           | Tegra118 Wealth Solutions Inc                                 | CUSIP: 33774UAC2<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  12125655 | PA      | $12019555.42  | 2.04%             | 2027-02-18      | Floating      | 8.32%                 | No            |                  2 | On Loan: No      |
| BUILDERS FIRSTSOURCE INC                           | Builders FirstSource Inc                                      | CUSIP: 12008RAP2<br>LEI: 549300W0SKP6L3H7DP63 | Long             | DBT              | CORP              | US        |   4500000 | PA      | $4172290.16   | 0.71%             | 2032-02-01      | Fixed         | 4.25%                 | No            |                  2 | On Loan: No      |
| CANNABIST CO HLDGS INC COM                         | CANNABIST CO HLDGS INC COM                                    | CUSIP: 13765Y509<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |   1194584 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| CANNABIST CO HLDGS INC                             | Cannabist Co Holdings Inc/The                                 | CUSIP: 13766HAA7<br>LEI: 9845007B45659F4F4F75 | Long             | DBT              | CORP              | CA        |   5068000 | PA      | $2990120.00   | 0.51%             | 2028-12-31      | Fixed         | 9.25%                 | No            |                  2 | On Loan: No      |
| COMCAST CORP                                       | Comcast Corp                                                  | CUSIP: 20030NEJ6<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Short            | DBT              | CORP              | US        |  -3481000 | PA      | $-3566958.21  | -0.61%            | 2034-06-01      | Fixed         | 5.30%                 | No            |                  2 | On Loan: No      |
| CROCS INC                                          | Crocs Inc                                                     | CUSIP: 227046AB5<br>LEI: 549300B0J6YCXD63OG72 | Long             | DBT              | CORP              | US        |  12899000 | PA      | $11629019.93  | 1.98%             | 2031-08-15      | Fixed         | 4.12%                 | No            |                  2 | On Loan: No      |
| GETTY IMAGES INC                                   | Getty Images Inc                                              | CUSIP: 374276AM5<br>LEI: 5493005NV20IG4VEKZ40 | Long             | DBT              | CORP              | US        |   8769000 | PA      | $8710861.53   | 1.48%             | 2030-02-21      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| GOLAR LNG LTD                                      | Golar LNG Ltd                                                 | CUSIP: 38046YAC5<br>LEI: 213800C2VSFZG3EZLO34 | Long             | DBT              | CORP              | BM        |   2540000 | PA      | $2613025.00   | 0.44%             | 2030-12-15      | Fixed         | 2.75%                 | No            |                  2 | On Loan: No      |
| JP Morgan Chase Commercial Mor                     | JP Morgan Chase Commercial Mortgage Securities Trust 2021-MHC | CUSIP: 466330AA5<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   3550384 | PA      | $3552142.95   | 0.60%             | 2038-04-15      | Floating      | 5.48%                 | No            |                  2 | On Loan: No      |
| CHARTER COMMUNICATIONS OPER                        | Charter Communications Operating LLC                          | CUSIP: 16117LCE7<br>LEI: 549300TPZNMN50BJ3745 | Long             | LON              | CORP              | US        |   7691722 | PA      | $7712413.23   | 1.31%             | 2031-12-15      | Floating      | 6.56%                 | No            |                  2 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |     92637 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| Go North Group AB                                  | Go North Group AB                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | DBT              | CORP              | SE        |     88361 | PA      | $0.00         | 0.00%             | 2026-02-09      | Variable      | 0.00%                 | No            |                  3 | On Loan: No      |
| INTENO GROUP                                       | Inteno Group AB                                               | CUSIP: BY5266105<br>LEI: N/A                  | Long             | DBT              | CORP              | SE        |   1400000 | PA      | $1212114.07   | 0.21%             | 2026-09-06      | Floating      | 9.46%                 | No            |                  2 | On Loan: No      |
| FORUM ENERGY TECHNOLOGIE                           | Forum Energy Technologies Inc                                 | CUSIP: YU7565416<br>LEI: 549300SF93HLCR1REE27 | Long             | DBT              | CORP              | US        |  18900000 | PA      | $19274412.13  | 3.27%             | 2029-11-07      | Fixed         | 10.50%                | No            |                  2 | On Loan: No      |
| CHARLES RIVER LABORATORI                           | Charles River Laboratories International Inc                  | CUSIP: 159864AJ6<br>LEI: 549300BSQ0R4UZ5KX287 | Long             | DBT              | CORP              | US        |  13098000 | PA      | $11996910.08  | 2.04%             | 2031-03-15      | Fixed         | 4.00%                 | No            |                  2 | On Loan: No      |
| CCIT Holdings A/S                                  | CCIT Holdings A/S                                             | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | DK        |   2252625 | PA      | $2653487.33   | 0.45%             | 2029-02-28      | Fixed         | 10.00%                | No            |                  3 | On Loan: No      |
| AZERION GROUP NV                                   | Azerion Group N.V.                                            | CUSIP: ZI6849254<br>LEI: 7245007RB3M5PMWY6N86 | Long             | DBT              | CORP              | NL        |   8919000 | PA      | $10479901.17  | 1.78%             | 2026-10-02      | Floating      | 9.09%                 | No            |                  2 | On Loan: No      |
| AMWOOD AB                                          | Amwood AB                                                     | CUSIP: YU5039166<br>LEI: 549300JU4SJKJZUOUH03 | Long             | DBT              | CORP              | SE        |  26250000 | PA      | $2601166.38   | 0.44%             | 2027-10-25      | Floating      | 8.53%                 | No            |                  2 | On Loan: No      |
| ANGI GROUP LLC                                     | ANGI Group LLC                                                | CUSIP: 001846AA2<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |    485000 | PA      | $452444.57    | 0.08%             | 2028-08-15      | Fixed         | 3.88%                 | No            |                  2 | On Loan: No      |
| TELUS CORPORATION                                  | TELUS CORPORATION                                             | CUSIP: 87974PVB6<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |   8800000 | PA      | $8752865.44   | 1.49%             | 2025-08-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TYCO ELECTRONICS GROUP S                           | Tyco Electronics Group SA                                     | CUSIP: 902133BC0<br>LEI: C33G1C5SYE2YM95EE712 | Long             | DBT              | CORP              | LU        |   2771000 | PA      | $2768681.62   | 0.47%             | 2031-02-09      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| BALLY'S CORP                                       | Bally's Corp                                                  | CUSIP: 05875CAB0<br>LEI: 549300NS4D5IK406VT62 | Long             | LON              | CORP              | US        |   5147246 | PA      | $4568180.65   | 0.78%             | 2028-10-02      | Floating      | 7.80%                 | No            |                  2 | On Loan: No      |
| UNITED NATURAL FOODS INC                           | United Natural Foods Inc                                      | CUSIP: 91116KAD7<br>LEI: 549300GKGW6WPZ282D40 | Long             | LON              | CORP              | US        |   2078974 | PA      | $2099763.47   | 0.36%             | 2031-05-01      | Floating      | 9.08%                 | No            |                  2 | On Loan: No      |
| TMC Buyer (Terra Millennium) T/L B (10/24)         | TMC Buyer (Terra Millennium) T/L B (10/24)                    | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   7310799 | PA      | $7340517.88   | 1.25%             | 2030-10-25      | Floating      | 9.29%                 | No            |                  2 | On Loan: No      |
| The Container Store Exit Loan - First Out T/L- Tar | The Container Store Exit Loan - First Out T/L- Tar            | CUSIP: 21075BAS0<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   4734005 | PA      | $4449964.75   | 0.76%             | 2029-04-30      | Floating      | 5.33%                 | No            |                  2 | On Loan: No      |
| THE PLATFORM GROUP AG                              | Platform Group AG                                             | CUSIP: YX8650427<br>LEI: 391200T7OHCG8YPRQW61 | Long             | DBT              | CORP              | DE        |   9586000 | PA      | $11404780.13  | 1.94%             | 2028-07-11      | Fixed         | 8.88%                 | No            |                  2 | On Loan: No      |
| GENWORTH HOLDINGS INC                              | Genworth Holdings Inc                                         | CUSIP: 37247DAG1<br>LEI: PXDECZED7L8SRUP41R09 | Long             | DBT              | CORP              | US        |   2531000 | PA      | $2168245.31   | 0.37%             | 2036-11-15      | Variable      | 6.59%                 | No            |                  2 | On Loan: No      |
| M2S GROUP INTERMEDIATE H                           | M2S Group Intermediate Holdings Inc                           | CUSIP: 55287CAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   7196034 | PA      | $6984650.97   | 1.19%             | 2031-08-27      | Floating      | 9.03%                 | No            |                  2 | On Loan: No      |
| GO NORTH GROUP AB                                  | Go North Group AB                                             | CUSIP: ZD5873868<br>LEI: 636700UB68QRCB53V204 | Long             | DBT              | CORP              | SE        |   3570942 | PA      | $1964018.10   | 0.33%             | 2026-02-09      | None          | 10.15%                | No            |                  2 | On Loan: No      |
| STONEX GROUP INC                                   | StoneX Group Inc                                              | CUSIP: 861896AA6<br>LEI: 549300JUF07L8VF02M60 | Long             | DBT              | CORP              | US        |  10324000 | PA      | $10828644.66  | 1.84%             | 2031-03-01      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| SUMMIT MIDSTREAM HOLDING                           | Summit Midstream Holdings LLC                                 | CUSIP: 86614JAA3<br>LEI: N/A                  | Long             | DBT              | CORP              | US        |   7842000 | PA      | $8012477.24   | 1.36%             | 2029-10-31      | Fixed         | 8.62%                 | No            |                  2 | On Loan: No      |
| Mountaineer Merger Junior Priming T/L (05/25)      | Mountaineer Merger Junior Priming T/L (05/25)                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   5573080 | PA      | $2786540.09   | 0.47%             | 2028-10-26      | Floating      | 11.54%                | No            |                  2 | On Loan: No      |
| HMS BERGBAU AG                                     | HMS Bergbau AG                                                | CUSIP: YO7626063<br>LEI: 5299004BSTX10BXHV941 | Long             | DBT              | CORP              | DE        |   9646000 | PA      | $11760227.58  | 2.00%             | 2030-06-02      | Fixed         | 10.00%                | No            |                  2 | On Loan: No      |
| MCDERMOTT INTERNATIONAL LTD                        | Mcdermott International Ltd                                   | CUSIP: N/A<br>LEI: 54930004RAXI4B3L4752       | N/A              | DE               | CORP              | US        |    258269 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  3 | On Loan: No      |
| N/A                                                | NOK/USD FWD 20250715                                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DFE              |  | US        |         1 | NC      | $-303424.20   | -0.05%            |  |  |  | No            |                  2 | On Loan: No      |
| KEYTO GROUP AB                                     | KEYTO Group AB                                                | CUSIP: ZB4254650<br>LEI: 6367005G88MCU6C7PJ78 | Long             | DBT              | CORP              | SE        |  30000000 | PA      | $3178873.05   | 0.54%             | 2029-05-08      | Floating      | 7.57%                 | No            |                  2 | On Loan: No      |
| ADVANCE AUTO PARTS                                 | Advance Auto Parts Inc                                        | CUSIP: 00751YAJ5<br>LEI: 529900UCNQ5H9FSL0Y70 | Short            | DBT              | CORP              | US        |  -5000000 | PA      | $-5118930.00  | -0.87%            | 2028-03-09      | Fixed         | 5.95%                 | No            |                  2 | On Loan: No      |
| BX Trust                                           | BX Commercial Mortgage Trust 2021-VOLT                        | CUSIP: 05609VAJ4<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   2228305 | PA      | $2218897.46   | 0.38%             | 2036-09-15      | Floating      | 5.53%                 | No            |                  2 | On Loan: No      |
| CONSOLIDATED COMMUNICATI                           | Consolidated Communications Inc                               | CUSIP: 20903XAF0<br>LEI: 549300WW675Y48HDVX34 | Long             | DBT              | CORP              | US        |  11225000 | PA      | $11450088.64  | 1.95%             | 2028-10-01      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| CROWN CASTLE INTL CORP                             | CROWN CASTLE INTL CORP                                        | CUSIP: 22823PUN1<br>LEI: N/A                  | Long             | STIV             | CORP              | US        |  12320000 | PA      | $12282335.30  | 2.09%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| CTO Realty Growth Inc                              | CTO Realty Growth Inc                                         | CUSIP: 22948Q101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     46938 | NS      | $810149.88    | 0.14%             |  |  |  | No            |                  1 | On Loan: No      |
| GE HEALTHCARE TECH INC                             | GE HealthCare Technologies Inc                                | CUSIP: 36266GAA5<br>LEI: 549300OI9J7XOWZMUN85 | Long             | DBT              | CORP              | US        |   1633000 | PA      | $1657088.24   | 0.28%             | 2029-08-14      | Fixed         | 4.80%                 | No            |                  2 | On Loan: No      |
| SUPERIOR PLUS/GEN PRTNR                            | Superior Plus LP / Superior General Partner Inc               | CUSIP: 86828LAC6<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   6045000 | PA      | $5818009.04   | 0.99%             | 2029-03-15      | Fixed         | 4.50%                 | No            |                  2 | On Loan: No      |
| UBER TECHNOLOGIES INC                              | Uber Technologies Inc                                         | CUSIP: 90353TAE0<br>LEI: 549300B2FTG34FILDR98 | Long             | DBT              | CORP              | US        |    662000 | PA      | $668340.19    | 0.11%             | 2027-09-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| WESTERN DIGITAL CORP                               | Western Digital Corp                                          | CUSIP: 958102AR6<br>LEI: 549300QQXOOYEF89IC56 | Long             | DBT              | CORP              | US        |   4806000 | PA      | $4253525.79   | 0.72%             | 2032-02-01      | Fixed         | 3.10%                 | No            |                  2 | On Loan: No      |
| Audacy Capital LLC Exit Loan                       | Audacy Capital LLC Exit Loan                                  | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |   2276401 | PA      | $2265019.47   | 0.38%             | 2028-09-30      | Floating      | 11.80%                | No            |                  2 | On Loan: No      |
| Audacy Warrants                                    | Audacy Warrants                                               | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               | CORP              | US        |     19401 | NS      | $194010.00    | 0.03%             |  |  |  | No            |                  2 | On Loan: No      |
| CHAMP ACQUISITION CORP                             | Champ Acquisition Corp                                        | CUSIP: 15807EAH5<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   9937500 | PA      | $10030664.06  | 1.70%             | 2031-11-25      | Floating      | 8.30%                 | No            |                  2 | On Loan: No      |
| TRULIEVE CANNABIS CORP                             | Trulieve Cannabis Corp                                        | CUSIP: 89788CAD6<br>LEI: 549300122MBOJDGEZ014 | Long             | DBT              | CORP              | CA        |   5308000 | PA      | $5208581.16   | 0.88%             | 2026-10-06      | Fixed         | 8.00%                 | No            |                  2 | On Loan: No      |
| UpHealth Inc                                       | UpHealth Inc                                                  | CUSIP: 91532B200<br>LEI: 549300OSKGXG2OH2XE50 | Long             | EC               | CORP              | US        |    133414 | NS      | $0.00         | 0.00%             |  |  |  | No            |                  1 | On Loan: No      |
| CHAMPION IRON CANADA INC                           | Champion Iron Canada Inc                                      | CUSIP: 15853BAA9<br>LEI: N/A                  | Long             | DBT              | CORP              | CA        |   1584000 | PA      | $1606285.50   | 0.27%             | 2032-07-15      | Fixed         | 7.88%                 | No            |                  2 | On Loan: No      |
| BEACH ACQUISITION BIDCO                            | Beach Acquisition Bidco LLC                                   | CUSIP: N/A<br>LEI: 254900F2FNX3GBTB6202       | Long             | LON              | CORP              | US        |   2695000 | PA      | $2711843.75   | 0.46%             | 2032-06-28      | Floating      | 8.06%                 | No            |                  2 | On Loan: No      |
| FORESTAR GROUP INC                                 | Forestar Group Inc                                            | CUSIP: 346232AG6<br>LEI: 549300BC2UB0GHV60V70 | Long             | DBT              | CORP              | US        |   2000000 | PA      | $2016522.00   | 0.34%             | 2033-03-15      | Fixed         | 6.50%                 | No            |                  2 | On Loan: No      |
| NABORS INDUSTRIES LTD                              | Nabors Industries Ltd                                         | CUSIP: 629571AB6<br>LEI: N/A                  | Long             | DBT              | CORP              | BM        |   8085000 | PA      | $7165629.59   | 1.22%             | 2028-01-15      | Fixed         | 7.50%                 | No            |                  2 | On Loan: No      |
| XPO INC                                            | XPO Inc                                                       | CUSIP: 98379KAA0<br>LEI: 54930096DB9LCLPN7H13 | Long             | DBT              | CORP              | US        |   8385000 | PA      | $8524246.93   | 1.45%             | 2028-06-01      | Fixed         | 6.25%                 | No            |                  2 | On Loan: No      |
| TRIPADVISOR INC                                    | TripAdvisor Inc                                               | CUSIP: 89677NAE4<br>LEI: 549300XVG45PT5BART17 | Long             | LON              | CORP              | US        |   2985000 | PA      | $2981268.75   | 0.51%             | 2031-07-08      | Floating      | 7.05%                 | No            |                  2 | On Loan: No      |
| TERRIER MEDIA BUYER INC                            | CMG Media Corp                                                | CUSIP: 88145LAF1<br>LEI: N/A                  | Long             | LON              | CORP              | US        |  14813894 | PA      | $14395179.74  | 2.45%             | 2029-06-18      | Floating      | 7.90%                 | No            |                  2 | On Loan: No      |
| TPC GROUP INC                                      | TPC Group Inc                                                 | CUSIP: 87266EAG0<br>LEI: 549300K276KVW5JD1583 | Long             | LON              | CORP              | US        |  15614000 | PA      | $15132542.31  | 2.57%             | 2031-11-24      | Floating      | 10.11%                | No            |                  2 | On Loan: No      |
| 3T GLOBAL BIDCO PLC                                | 3t Global Bidco PLC                                           | CUSIP: ZB6868366<br>LEI: 984500A9A01BC5EF1N17 | Long             | DBT              | CORP              | GB        |   2125000 | PA      | $2146250.00   | 0.36%             | 2028-05-22      | Fixed         | 11.25%                | No            |                  2 | On Loan: No      |
| NOVEDO HOLDINGS AB                                 | Novedo Holding AB                                             | CUSIP: YV5155721<br>LEI: 984500F0A56FIF3C6091 | Long             | DBT              | CORP              | SE        |  17500000 | PA      | $1817348.24   | 0.31%             | 2028-09-18      | Fixed         | 12.00%                | No            |                  2 | On Loan: No      |
| NYNAS AB                                           | Nynas AB                                                      | CUSIP: YO6695168<br>LEI: 5493007VGEKBZGZ6PC69 | Long             | DBT              | CORP              | SE        |   1125000 | PA      | $1130156.21   | 0.19%             | 2028-06-17      | Fixed         | 11.75%                | No            |                  2 | On Loan: No      |
| Merit                                              | MHP 2021-STOR                                                 | CUSIP: 55293BAB1<br>LEI: N/A                  | Long             | ABS-MBS          | CORP              | US        |   1915000 | PA      | $1915411.34   | 0.33%             | 2038-07-15      | Floating      | 5.13%                 | No            |                  2 | On Loan: No      |
| NGL ENERGY PARTNERS LP                             | NGL Energy Partners LP                                        | CUSIP: 62913M206<br>LEI: 5299005YSRP46BE8Z459 | Long             | EP               | CORP              | US        |    378384 | NS      | $8305528.80   | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| TACORA RESOURCES INC                               | Tacora Resources Inc                                          | CUSIP: 87356LAC4<br>LEI: 549300L67A19OXSFBA84 | Long             | DBT              | CORP              | CA        |   2381851 | PA      | $476370.13    | 0.08%             | 2025-12-31      | None          | 13.00%                | No            |                  3 | On Loan: No      |
| Warner Bros Discovery Inc                          | Warner Bros Discovery Inc                                     | CUSIP: 934423104<br>LEI: 5493006ZCRFWKF6B1K26 | Long             | EC               | CORP              | US        |     29800 | NS      | $341508.00    | 0.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Mountaineer Merger Senior Priming T/L (05/25)      | Mountaineer Merger Senior Priming T/L (05/25)                 | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    992482 | PA      | $992481.94    | 0.17%             | 2028-10-26      | Floating      | 11.33%                | No            |                  2 | On Loan: No      |
| TRULITE GLASS ALUMINUM S                           | Trulite Glass & Aluminum Solutions LLC                        | CUSIP: 89789MAB7<br>LEI: N/A                  | Long             | LON              | CORP              | US        |   2110751 | PA      | $2057982.03   | 0.35%             | 2030-03-01      | Floating      | 10.29%                | No            |                  2 | On Loan: No      |
| TMC Buyer (Terra Millennium) Delayed Draw T/L (10/ | TMC Buyer (Terra Millennium) Delayed Draw T/L (10/            | CUSIP: N/A<br>LEI: N/A                        | Long             | LON              | CORP              | US        |    666284 | PA      | $668992.29    | 0.11%             | 2030-10-25      | Floating      | 9.71%                 | No            |                  2 | On Loan: No      |
| NORSKE SKOG AS                                     | Norske Skog ASA                                               | CUSIP: YX6998836<br>LEI: 529900MYY60WXHHY3039 | Long             | DBT              | CORP              | NO        |  26300000 | PA      | $2539183.67   | 0.43%             | 2029-06-25      | Floating      | 8.88%                 | No            |                  2 | On Loan: No      |
| NORWEGIAN GOVERNMENT                               | Norway Government Bond                                        | CUSIP: YR2442626<br>LEI: 549300L0BT3FJTN9MX24 | Long             | DBT              | NUSS              | NO        |  12500000 | PA      | $1234752.32   | 0.21%             | 2035-06-12      | Fixed         | 3.75%                 | No            |                  2 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-29

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

**Signature:** /s/ Kelly Strauss

**Name of Signer:** Kelly Strauss

**Title:** Treasurer