0001145549-23-064474.txt : 20231027
0001145549-23-064474.hdr.sgml : 20231027
20231027133038
ACCESSION NUMBER: 0001145549-23-064474
CONFORMED SUBMISSION TYPE: NPORT-P
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20230831
FILED AS OF DATE: 20231027
DATE AS OF CHANGE: 20231027
PERIOD START: 20240531
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: NPORT-P
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-10401
FILM NUMBER: 231354700
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
S000067414
Jensen Global Quality Growth Fund
C000216768
Jensen Global Quality Growth Fund - Y Shares
JGQYX
C000216769
Jensen Global Quality Growth Fund - J Shares
JGQSX
C000216770
Jensen Global Quality Growth Fund - I Shares
JGQIX
NPORT-P
1
primary_doc.xml
NPORT-P
false
0001141819
XXXXXXXX
S000067414
C000216769
C000216768
C000216770
Trust for Professional Managers
811-10401
0001141819
549300O1N816L3GGRD45
615 East Michigan Street
Milwaukee
53202
513-629-8104
Jensen Global Quality Growth Fund
S000067414
549300F7FOMXOGFU5B38
2024-05-31
2023-08-31
N
45909175.590000000000
74538.170000000000
45834637.420000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
0.000000000000
N
N/A
N/A
Diageo PLC
213800ZVIELEA55JMJ32
Diageo PLC
N/A
50170.000000000000
NS
2054614.570000000000
4.4826678810
Long
EC
CORP
GB
N
2
N
N
N
Equifax Inc
5493004MCF8JDC86VS77
Equifax Inc
294429105
4970.000000000000
NS
USD
1027299.000000000000
2.2413158647
Long
EC
CORP
US
N
1
N
N
N
Hermes International SCA
969500Y4IJGHJE2MTJ13
Hermes International SCA
N/A
370.000000000000
NS
760974.720000000000
1.6602612409
Long
EC
CORP
FR
N
2
N
N
N
NIKE Inc
787RXPR0UX0O0XUXPZ81
NIKE Inc
654106103
9520.000000000000
NS
USD
968279.200000000000
2.1125490557
Long
EC
CORP
US
N
1
N
N
N
Amadeus IT Group SA
9598004A3FTY3TEHHN09
Amadeus IT Group SA
N/A
21880.000000000000
NS
1501264.380000000000
3.2753927259
Long
EC
CORP
ES
N
2
N
N
N
Dassault Systemes SE
96950065LBWY0APQIM86
Dassault Systemes SE
N/A
22108.000000000000
NS
876152.280000000000
1.9115505856
Long
EC
CORP
FR
N
2
N
N
N
Aon PLC
635400FALWQYX5E6QC64
Aon PLC
N/A
4820.000000000000
NS
USD
1606939.800000000000
3.5059507186
Long
EC
CORP
US
N
1
N
N
N
Accenture PLC
5493000EWHDSR3MZWH98
Accenture PLC
N/A
8010.000000000000
NS
USD
2593397.700000000000
5.6581612640
Long
EC
CORP
IE
N
1
N
N
N
Canadian National Railway Co
3SU7BEP7TH9YEQOZCS77
Canadian National Railway Co
136375102
14500.000000000000
NS
1633288.930000000000
3.5634380938
Long
EC
CORP
CA
N
1
N
N
N
First American Treasury Obliga
549300UU586IAH2B8H03
First American Treasury Obligations Fund
31846V328
502324.850000000000
NS
USD
502324.850000000000
1.0959503081
Long
STIV
RF
US
N
1
N
N
N
Home Depot Inc/The
QEKMOTMBBKA8I816DO57
Home Depot Inc/The
437076102
2870.000000000000
NS
USD
947961.000000000000
2.0682196988
Long
EC
CORP
US
N
1
N
N
N
Starbucks Corp
OQSJ1DU9TAOC51A47K68
Starbucks Corp
855244109
13190.000000000000
NS
USD
1285233.600000000000
2.8040662528
Long
EC
CORP
US
N
1
N
N
N
Stryker Corp
5493002F0SC4JTBU5137
Stryker Corp
863667101
5540.000000000000
NS
USD
1570867.000000000000
3.4272486670
Long
EC
CORP
US
N
1
N
N
N
Alimentation Couche-Tard Inc
549300OSW32RVX8CCZ87
Alimentation Couche-Tard Inc
01626P148
17570.000000000000
NS
918810.090000000000
2.0046195230
Long
EC
CORP
CA
N
1
N
N
N
Automatic Data Processing Inc
HGBOLILQXWER4SAL2I23
Automatic Data Processing Inc
053015103
6010.000000000000
NS
USD
1530206.100000000000
3.3385365002
Long
EC
CORP
US
N
1
N
N
N
Intuit Inc
VI90HBPH7XSFMB9E4M29
Intuit Inc
461202103
2560.000000000000
NS
USD
1387033.600000000000
3.0261690243
Long
EC
CORP
US
N
1
N
N
N
KLA Corp
549300H0BF5JCG96TJ81
KLA Corp
482480100
1460.000000000000
NS
USD
732730.200000000000
1.5986385870
Long
EC
CORP
US
N
1
N
N
N
Verisk Analytics Inc
549300I1YSWNIRKBWP67
Verisk Analytics Inc
92345Y106
3790.000000000000
NS
USD
918013.800000000000
2.0028822124
Long
EC
CORP
US
N
1
N
N
N
Apple Inc
HWUPKR0MPOU8FGXBT394
Apple Inc
037833100
9560.000000000000
NS
USD
1796037.200000000000
3.9185151255
Long
EC
CORP
US
N
1
N
N
N
AstraZeneca PLC
PY6ZZQWO2IZFZC3IOL08
AstraZeneca PLC
N/A
16030.000000000000
NS
2153194.990000000000
4.6977463141
Long
EC
CORP
GB
N
2
N
N
N
Johnson & Johnson
549300G0CFPGEF6X2043
Johnson & Johnson
478160104
5520.000000000000
NS
USD
892473.600000000000
1.9471597251
Long
EC
CORP
US
N
1
N
N
N
Mastercard Inc
AR5L2ODV9HN37376R084
Mastercard Inc
57636Q104
2350.000000000000
NS
USD
969704.000000000000
2.1156576218
Long
EC
CORP
US
N
1
N
N
N
Microsoft Corp
INR2EJN1ERAN0W5ZP974
Microsoft Corp
594918104
8560.000000000000
NS
USD
2805625.600000000000
6.1211907804
Long
EC
CORP
US
N
1
N
N
N
PepsiCo Inc
FJSUNZKFNQ5YPJ5OT455
PepsiCo Inc
713448108
12260.000000000000
NS
USD
2181299.200000000000
4.7590628459
Long
EC
CORP
US
N
1
N
N
N
TSMC
549300KB6NK5SBD14S87
Taiwan Semiconductor Manufacturing Co Ltd
874039100
17610.000000000000
NS
USD
1647767.700000000000
3.5950272387
Long
EC
CORP
TW
N
1
N
N
N
Pfizer Inc
765LHXWGK1KXCLTFYQ30
Pfizer Inc
717081103
29780.000000000000
NS
USD
1053616.400000000000
2.2987340128
Long
EC
CORP
US
N
1
N
N
N
UnitedHealth Group Inc
549300GHBMY8T5GXDE41
UnitedHealth Group Inc
91324P102
2240.000000000000
NS
USD
1067539.200000000000
2.3291101667
Long
EC
CORP
US
N
1
N
N
N
Alphabet Inc
5493006MHB84DD0ZWV18
Alphabet Inc
02079K305
14270.000000000000
NS
USD
1943145.900000000000
4.2394704297
Long
EC
CORP
US
N
1
N
N
N
Broadridge Financial Solutions
549300KZDJZQ2YIHRC28
Broadridge Financial Solutions Inc
11133T103
3820.000000000000
NS
USD
711322.200000000000
1.5519315523
Long
EC
CORP
US
N
1
N
N
N
Nestle SA
KY37LUS27QQX7BB93L28
Nestle SA
N/A
10800.000000000000
NS
1298585.730000000000
2.8331973440
Long
EC
CORP
CH
N
2
N
N
N
Texas Instruments Inc
WDJNR2L6D8RWOEB8T652
Texas Instruments Inc
882508104
5020.000000000000
NS
USD
843661.200000000000
1.8406629734
Long
EC
CORP
US
N
1
N
N
N
Compass Group PLC
2138008M6MH9OZ6U2T68
Compass Group PLC
G23296208
71840.000000000000
NS
1811572.300000000000
3.9524089247
Long
EC
CORP
GB
N
2
N
N
N
SAP SE
529900D6BF99LW9R2E68
SAP SE
N/A
12450.000000000000
NS
1736832.750000000000
3.7893454552
Long
EC
CORP
DE
N
2
N
N
N
2023-10-26
Trust for Professional Managers
/s/ John Buckel
John Buckel
President
XXXX
NPORT-EX
2
jnglobal-nport.htm
NPORT-EX
Jensen
Global
Quality
Growth
Fund
Schedule
of
Investments
August
31,
2023
(Unaudited)
Shares
Value
COMMON
STOCKS
—
98.66%
Canada
—
5.56%
Alimentation
Couche-Tard,
Inc.
17,570
$
918,810
Canadian
National
Railway
Co.
14,500
1,633,289
2,552,099
France
—
3.57%
Dassault
Systemes
SE
22,108
876,152
Hermes
International
SCA
370
760,975
1,637,127
Germany
—
3.79%
SAP
SE
12,450
1,736,833
Ireland
—
5.66%
Accenture
PLC
-
Class
A
8,010
2,593,397
Spain
—
3.28%
Amadeus
IT
Group
SA
21,880
1,501,264
Switzerland
—
2.83%
Nestle
SA
10,800
1,298,586
Taiwan,
Province
Of
China
—
3.59%
Taiwan
Semiconductor
Manufacturing
Co.
Ltd.-ADR
17,610
1,647,768
United
Kingdom
—
13.13%
AstraZeneca
PLC
16,030
2,153,195
Compass
Group
PLC
71,840
1,811,572
Diageo
PLC
50,170
2,054,615
6,019,382
Jensen
Global
Quality
Growth
Fund
Schedule
of
Investments
(Continued)
August
31,
2023
(Unaudited)
Shares
Value
COMMON
STOCKS
—
98.66%
(Continued)
United
States
—
57.25%
Alphabet,
Inc.
-
Class
A (a)
14,270
$
1,943,146
Aon
PLC
4,820
1,606,940
Apple,
Inc.
-
Class
A
9,560
1,796,037
Automatic
Data
Processing,
Inc.
6,010
1,530,206
Broadridge
Financial
Solutions,
Inc.
3,820
711,322
Equifax,
Inc.
4,970
1,027,299
Home
Depot,
Inc.
2,870
947,961
Intuit,
Inc.
2,560
1,387,034
Johnson
&
Johnson
5,520
892,474
KLA
Corp.
1,460
732,730
Mastercard,
Inc.
-
Class
A
2,350
969,704
Microsoft
Corp.
8,560
2,805,626
NIKE,
Inc.
-
Class
B
9,520
968,279
PepsiCo,
Inc.
12,260
2,181,299
Pfizer,
Inc.
29,780
1,053,616
Starbucks
Corp.
13,190
1,285,234
Stryker
Corp.
5,540
1,570,867
Texas
Instruments,
Inc.
5,020
843,661
UnitedHealth
Group,
Inc.
2,240
1,067,539
Verisk
Analytics,
Inc.
3,790
918,014
26,238,988
TOTAL
COMMON
STOCKS
(Cost
$38,234,043)
45,225,444
MONEY
MARKET
FUNDS
—
1.06%
First
American
Treasury
Obligations
Fund
-
X
Class
-
5.165% (b)
486,986
486,986
TOTAL
MONEY
MARKET
FUNDS
(Cost
$486,986)
486,986
Total
Investment
s
(Cost
$38,721,029)
—
99.72%
45,712,430
Other
Assets
in
Excess
of
Liabilities
—
0.28%
126,332
TOTAL
NET
ASSETS
—
100.00%
$
45,838,762
Percentages
are
stated
as
a
percent
of
net
assets.
ADR
American
Depositary
Receipt
PLC
Public
Limited
Company
SA
An
abbreviation
used
by
many
countries
to
signify
a
stock
company
whereby
shareholders
have
limited
liability.
SCA
Societe
en
commandite
par
actions
is
a
Belgian
term
for
limited
partnership
with
share
capital.
SE
Societas
Europaea
is
a
term
for
a
European
Public
Liability
Company.
(a)
Non-income
producing
security.
(b)
The
rate
shown
represents
the
seven-day
yield
as
of
August
31,
2023.
Notes
to
Schedule
of
Investments
August
31,
2023
(Unaudited)
Investment
Valuation
Each
equity
security
owned
by the
Fund
that
is
listed
on
a
securities
exchange,
except
for
securities
listed
on
the
NASDAQ
Stock
Market
LLC
(“NASDAQ”),
is
valued
at
its
last
sale
price
at
the
close
of
that
exchange
on
the
date
as
of
which
assets
are
valued.
If
a
security
is
listed
on
more
than
one
exchange,
the
Fund
will
use
the
price
on
the
exchange
that
the
Fund
generally
considers
to
be
the
principal
exchange
on
which
the
security
is
traded.
Fund
securities
listed
on
NASDAQ
will
be
valued
at
the
NASDAQ
Official
Closing
Price
(“NOCP”),
which
may
not
necessarily
represent
the
last
sale
price.
If
the
NOCP
is
not
available,
such
securities
shall
be
valued
at
the
last
sale
price
on
the
day
of
valuation.
If
there
has
been
no
sale
on
such
exchange
or
on
NASDAQ
on
such
day,
the
security
is
valued
at
(i)
the
mean
between
the
most
recent
quoted
bid
and
asked
prices
at
the
close
of
the
exchange
on
such
day
or
(ii)
the
latest
sales
price
on
the
Composite
Market
for
the
day
such
security
is
being
valued.
“Composite
Market”
means
a
consolidation
of
the
trade
information
provided
by
national
securities
and
foreign
exchanges
and
over-the
counter
markets
as
published
by
a
pricing
service.
If
market
quotations
are
not
readily
available,
any
security
or
other
asset
will
be
valued
at
its
fair
value
in
accordance
with
Rule
2a-5
of
the
1940
Act
as
determined
under
the
Adviser's
fair
value
procedures,
subject
to
oversight
by
the
Board
of
Trustees.
These
fair
value
procedures
will
also
be
used
to
price
a
security
when
corporate
events,
events
in
the
securities
market
and/or
world
events
cause
the
Adviser
to
believe
that
a
security’s
last
sale
price
may
not
reflect
its
actual
fair
market
value.
The
intended
effect
of
using
fair
value
pricing
procedures
is
to
ensure
that
the
Fund
is
accurately
priced.
The
Adviser
will
regularly
evaluate
whether
the
Fund’s
fair
value
pricing
procedures
continue
to
be
appropriate
in
light
of
the
specific
circumstances
of
the
Fund
and
the
quality
of
prices
obtained
through
their
application
of
such
procedures.
In
the
case
of
foreign
securities,
the
occurrence
of
certain
events
after
the
close
of
foreign
markets,
but
prior
to
the
time
the
Fund’s
net
asset
value
(“NAV”)
is
calculated
(such
as
a
significant
surge
or
decline
in
the
U.S.
or
other
markets)
often
will
result
in
an
adjustment
to
the
trading
prices
of
foreign
securities
when
foreign
markets
open
on
the
following
business
day.
If
such
events
occur,
the
Fund
will
value
foreign
securities
at
fair
value,
taking
into
account
such
events,
in
calculating
the
NAV.
In
such
cases,
use
of
fair
valuation
can
reduce
an
investor’s
ability
to
seek
to
profit
by
estimating
the
Fund's
NAV
in
advance
of
the
time
the
NAV
is
calculated.
Redeemable
securities
issued
by
open-end,
registered
investment
companies,
including
money
market
mutual
funds,
are
valued
at
the
NAVs
of
such
companies
for
purchase
and/
or
redemption
orders
placed
on
that
day.
If,
on
a
particular
day,
a
share
of
an
investment
company
is
not
listed
on
NASDAQ,
such
security’s
fair
value
will
be
determined.
Money
market
mutual
funds
are
valued
at
cost.
If
cost
does
not
represent
current
market
value
the
securities
will
be
priced
at
fair
value.
Notes
to
Schedule
of
Investments
(Continued)
August
31,
2023
(Unaudited)
The
Trust has
adopted
Statement
of
Financial
Accounting
Standards,
“Fair
Value
Measurements
and
Disclosures,”
which
requires the
Fund
to
classify
its
securities
based
on
a
valuation
method.
These
inputs
are
summarized
in
the
three
broad
levels
listed
below:
Level
1—Quoted
prices
in
active
markets
for
identical
securities.
Level
2—Other
significant
observable
inputs
(including
quoted
prices
for
similar
securities,
interest
rates,
prepayment
speeds,
credit
risk,
etc.).
Level
3—Significant
unobservable
inputs
(including
a
Fund's
own
assumptions
in
determining
the
fair
value
of
investments).
The
inputs
or
methodology
used
for
valuing
securities
are
not
necessarily
an
indication
of
the
risk
associated
with
investing
in
those
securities.
The
following
is
a
summary
of
the
inputs
used
to
value
the
Fund's
investments
carried
at
fair
value
as
of
August
31,
2023:
Jensen
Global
Quality
Growth
Fund
Level
1
Level
2
Level
3
Total
Assets
(1)
:
Equities:
Common
Stock
$
33,032,252
$
12,193,192
$
–
$
45,225,444
Total
Equity
Securities
33,032,252
12,193,192
–
45,225,444
Money
Market
Funds
486,986
–
–
486,986
Total
Investments
in
Securities
$
33,519,238
$
12,193,192
$
–
$
45,712,430
(1)
See
the
Schedule
of
Investments
for
country
classifications.