0001145549-19-050491.txt : 20191210 0001145549-19-050491.hdr.sgml : 20191210 20191210121548 ACCESSION NUMBER: 0001145549-19-050491 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20190930 FILED AS OF DATE: 20191210 DATE AS OF CHANGE: 20191210 EFFECTIVENESS DATE: 20191210 FILER: COMPANY DATA: COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS CENTRAL INDEX KEY: 0001141819 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-10401 FILM NUMBER: 191276951 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 0001141819 S000048060 CrossingBridge Long/Short Credit Fund C000151817 CrossingBridge Long/Short Credit Fund - Institutional Class Shares CCLIX C000151818 CrossingBridge Long/Short Credit Fund - Class A Shares CLCAX 0001141819 S000060190 CrossingBridge Low Duration High Yield Fund C000196992 CrossingBridge Low Duration High Yield Fund - Investor Class Shares CBLVX C000196993 CrossingBridge Low Duration High Yield Fund - Institutional Class Shares CBLDX N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001141819 XXXXXXXX false false false N-1A S000048060 true S000060190 true Trust for Professional Managers 811-10401 0001141819 549300O1N816L3GGRD45 615 East Michigan Street Milwaukee 53202 US-WI US 5136298104 U.S. Bank, N.A 1555 North River Center Drive Suite 302 Milwaukee 53212 8336121912 Custody Data Convergence Investment Partners, LLC 3801 PGA Boulevard Suite 1001 Palm Beach Gardens 33410 8776779414 Advisory data Gerstein Fisher 565 Fifth Avenue 27th Floor New York 10017 8004731155 Advisory data Rockefeller & Co. LLC 45 Rockefeller Plaza 5th Floor New York 10111 8553696209 Advisory data Marketfield Asset Management LLC 510 Madison Avenue 9th Floor New York 10022 8003116583 Advisory data Bright Rock Capital Management LLC 288 Union Street Rockland 02370 8662737223 Advisory data Snow Capital Management L.P. 1605 Carmody Court Suite 300 Sewickley 15143 8777669363 Advisory data Dearborn Partners, L.L.C. 200 West Madison Street Suite 1950 Chicago 60606 8889833380 Advisory data Jensen Investment Management, Inc. 5500 Meadows Road Suite 200 Lake Oswego 97035 8009924144 Advisory data M.D. Sass Investors Services, Inc. 55 West 46th Street 28th Floor New York 10036 8556373863 Advisory data M.D. Sass, LLC 55 West 46th Street 28th Floor New York 10036 8556373863 Advisory data U.S. Bancorp Fund Services, LLC 615 East Michigan Street Milwaukee 53202 8336121912 Transfer agency, fund accounting and fund administration data Barrett Asset Management, LLC 90 Park Avenue 34th Floor New York 10016 8773636333 Advisory data Quasar Distributors, LLC 777 East Wisconsin Ave Milwaukee 53202 8336121912 Distribution data Foreside Fund Services, LLC 3 Canal Plaza Suite 100 Portland 04101 8662516920 Distribution data PT Asset Management, LLC 500 W Madison Suite 470 Chicago 60661 8882823220 Advisory data Morgan Dempsey Capital Management, LLC 111 Heritage Reserve Suite 200 Menomonee Falls 53051 8776427227 Advisory data Fiera Capital Inc. 375 Park Avenue 8th Floor New York 10152 8444634372 Advisory data Envestnet Asset Management, Inc. 35 East Wacker Drive 24th Floor Chicago 60601 8667627338 Advisory data CrossingBridge Advisors, LLC 427 Bedford Road Suite 230 Pleasantville 10570 8888982780 Advisory data N N N-1A 27 Y Jonas B. Siegel N/A N Michael D. Akers N/A N Gary A. Drska N/A N Joseph C. Neuberger N/A Y Elizabeth B. Scalf N/A 615 E. 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MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 34.000000000000 WELLS FARGO SECURITIES, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 30.000000000000 BARCLAYS CAPITAL INC. 8-41342 000019714 AC28XWWI3WIBK2824319 5.000000000000 1795.000000000000 MERRILL LYNCH PROFESSIONAL CLEARING CORP. 8-33359 000016139 549300PMHS66E71I2D34 32636649.000000000000 ROBERT W. BAIRD & CO. INCORPORATED 8-00497 000008158 549300772UJAHRD6LO53 2597451.000000000000 GOLDMAN SACHS & CO. LLC 8-12900 000000361 FOR8UP27PHTHYVLBNG30 21277146.000000000000 WELLS FARGO SECURITIES, LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 18901746.000000000000 J.P. MORGAN SECURITIES LLC 8-35008 000000079 ZBUT11V806EZRVTWT807 15098377.000000000000 CITIGROUP GLOBAL MARKETS INC. 8-08177 000007059 MBNUM2BPBDO7JBLYG310 12820403.000000000000 JEFFERIES LLC 8-15074 000002347 58PU97L1C0WSRCWADL48 5524813.000000000000 BNY MELLON CAPITAL MARKETS, LLC 8-35255 000017454 VJW2DOOHGDT6PR0ZRO63 5522430.000000000000 CREDIT SUISSE SECURITIES (USA) LLC 8-00422 000000816 1V8Y6QCX6YMJ2OELII46 5459088.000000000000 DEUTSCHE BANK SECURITIES INC. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 4395666.000000000000 132621125.000000000000 N 74415895.755044000000 Uncommitted 12000000.000000000000 N N N N CrossingBridge Low Duration High Yield Fund S000060190 549300HPEEU2DRMQCR25 N 2 0 0 N/A N N N N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 32a-4 (17 CFR 270.32a-4) Y Y Y Y CrossingBridge Advisors, LLC 801-110043 000286594 5493008HASG58YXB1H67 N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N Bloomberg L.P. 549300B56MD0ZC402L06 N Thomson Reuters Pricing Service N/A CA N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Standard and Poors Financial Services LLC 549300U4VWNITEKO2881 N Bank Of America Merrill Lynch N/A N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N COWEN EXECUTION SERVICES LLC 8-46838 000035693 5493005RJDJD18OPUP27 7637.000000000000 GMP SECURITIES, LLC 8-49291 000041025 549300QXVHD3G589TO05 2354.000000000000 COWEN AND COMPANY, LLC 8-22522 000007616 549300WR155U7DVMIW58 1662.000000000000 IMPERIAL CAPITAL, LLC 8-50397 000043744 549300I8X15KSI64Y307 522.000000000000 NATIONAL FINANCIAL SERVICES LLC 8-26740 000013041 549300JRHF1MHHWUAW04 457.000000000000 PERSHING LLC 8-17574 000007560 ZI8Q1A8EI8LQFJNM0D94 82.000000000000 12714.000000000000 MERRILL LYNCH PROFESSIONAL CLEARING CORP. 8-33359 000016139 549300PMHS66E71I2D34 49185480.000000000000 DEUTSCHE BANK SECURITIES INC. 8-17822 000002525 9J6MBOOO7BECTDTUZW19 8475315.000000000000 J.P. 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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of CrossingBridge Low Duration High Yield Fund and

Board Trustees of Trust for Professional Managers

In planning and performing our audit of the financial statements of CrossingBridge Low Duration High Yield Fund (the “Fund”), a series of Trust for Professional Managers, as of and for the year ended September 30, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP). A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of September 30, 2019.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.

COHEN & COMPANY, LTD.

Cleveland, Ohio

November 27, 2019