0001145549-20-014565.txt : 20200311 0001145549-20-014565.hdr.sgml : 20200311 20200311162537 ACCESSION NUMBER: 0001145549-20-014565 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20191231 FILED AS OF DATE: 20200311 DATE AS OF CHANGE: 20200311 EFFECTIVENESS DATE: 20200311 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: 20705589 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 S000018259 Marketfield Fund

C000050353 Marketfield Fund - Class I MFLDX

C000166856 Marketfield Fund - Class A MFADX

C000166858 Marketfield Fund - Class C MFCDX

C000166860 Marketfield Fund - Class R6 MFRIX

N-CEN 1 primary_doc.xml X0201 N-CEN LIVE 0001141819 XXXXXXXX false false false N-1A S000018259 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 Marketfield Asset Management LLC 369 Lexington Avenue 3rd Floor New York 10017 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 Barrett Asset Management, LLC 90 Park Avenue 34th Floor New York 10016 8773636333 Advisory data U.S. Bancorp Fund Services, LLC 615 East Michigan Street Milwaukee 53202 8336121912 Transfer agency, fund accounting and fund administration 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 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 Convergence Investment Partners, LLC 3801 PGA Boulevard Suite 1001 Palm Beach Gardens 33410 8776779414 Advisory data Rockefeller & Co. LLC 45 Rockefeller Plaza 5th Floor New York 10111 8553696209 Advisory data N N N N-1A 24 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. Michigan St. Milwaukee 53202 XXXXXX N N N N N Quasar Distributors, LLC 8-52323 000103848 N/A N Foreside Funds Distributors LLC 8-32480 000031334 N/A N N Deloitte & Touche LLP 00034 N/A Cohen & Company, Ltd. 00925 N/A N N N N N N N Marketfield Fund S000018259 5493005OYD00SO5YMR28 N 4 0 0 N/A N N Y 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 N Marketfield Asset Management LLC 801-77055 000165023 J0BT117NKN8Q96G8DR45 N U.S. Bancorp Fund Services LLC 85-11357 N/A 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)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) Euroclear Bank S.A. / NV 549300OZ46BRLZ8Y6F65 BE N Y Foreign custodian - rule 17f-5 (17 CFR 270.17f-5) N N U.S. Bancorp Fund Services, LLC 85-11357 N N N Merrill Lynch Professional Clearing Corp. 8-33359 000016139 549300PMHS66E71I2D34 32706.000000000000 Barclay Investments LLC 8-16935 000006159 254900YRC13GGERHVR90 21238.000000000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 18281.000000000000 Renaissance Macro Securities, LLC 8-69079 000163927 5493004JBM7TRGGJL532 5601.000000000000 Jane Street Execution Services, LLC 8-69254 000167280 549300HXJLXCPDWAH070 3166.000000000000 Cantor Fitzgerald & Co. 8-201 000000134 5493004J7H4GCPG6OB62 2641.000000000000 Citigroup Global Markets, Inc. 8-8177 000007059 MBNUM2BPBDO7JBLYG310 1429.000000000000 85062.000000000000 Credit Suisse Securities (USA) LLC 8-422 000000816 1V8Y6QCX6YMJ2OELII46 43277.000000000000 43277.000000000000 N 220365335.780000000000 Uncommitted 40000000.000000000000 N N N N true INTERNAL CONTROL RPT 2 internalcontrolrpt_28.htm MARKETFIELD NCEN INTERNAL CONTROL REPORT

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the shareholders of Marketfield Fund and the Board of Trustees of Trust for Professional Managers:

In planning and performing our audit of the financial statements of Marketfield Fund (the “Fund”), a portfolio of the diversified series constituting Trust for Professional Managers, as of and for the year ended December 31, 2019, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), 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. 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 generally accepted accounting principles, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and directors 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 a 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 PCAOB. However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls for safeguarding securities, which we consider to be a material weakness, as defined above, as of December 31, 2019.

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

/s/ Deloitte & Touche LLP

February 24, 2020