0001145549-23-075964.txt : 20231214 0001145549-23-075964.hdr.sgml : 20231214 20231214101749 ACCESSION NUMBER: 0001145549-23-075964 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230930 FILED AS OF DATE: 20231214 DATE AS OF CHANGE: 20231214 EFFECTIVENESS DATE: 20231214 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: 231485874 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 S000060190 CrossingBridge Low Duration High Yield Fund C000196992 CrossingBridge Low Duration High Yield Fund - Retail Class Shares CBLVX C000196993 CrossingBridge Low Duration High Yield Fund - Institutional Class Shares CBLDX 0001141819 S000071657 CrossingBridge Ultra-Short Duration Fund C000227080 CrossingBridge Ultra-Short Duration Fund - Institutional Class Shares CBUDX 0001141819 S000071658 CrossingBridge Responsible Credit Fund C000227081 CrossingBridge Responsible Credit Fund - Institutional Class Shares CBRDX 0001141819 S000073002 CrossingBridge Pre-Merger SPAC ETF C000229763 CrossingBridge Pre-Merger SPAC ETF SPC C000232439 Inactive Class 0001141819 S000080182 RiverPark Strategic Income Fund C000241885 Institutional Class Shares RSIIX C000241886 Retail Class Shares RSIVX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001141819 XXXXXXXX false false false N-1A S000060190 true S000071658 true S000071657 true S000073002 true S000080182 true Trust for Professional Managers 811-10401 0001141819 549300O1N816L3GGRD45 615 East Michigan Street Milwaukee 53202 US-WI US 5135205925 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 Rockefeller & Co. LLC 45 Rockefeller Plaza 5th Floor New York 10111 8553696209 Advisory data Bright Rock Capital Management LLC 2036 Washington Street Hanover 02339 8662737223 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 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 111 East Kilborn Avenue Suite 2200 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. One North Wacker Drive Suite 1925 Chicago 60606 8667627338 Advisory data CrossingBridge Advisors, LLC 427 Bedford Road Suite 230 Pleasantville 10570 8888982780 Advisory data Terra Firma Asset Management LLC 1160 Battery Street Suite 100 East Building San Francisco 94111 8003116583 Advisory data Mairs & Power, Inc. 30 East 7th Street Saint Paul 55101 8558392800 Advisory data N N N N-1A 28 Y John P. Buckel N/A Y Gregory M. Wesley N/A N Lisa Zuniga Ramirez N/A N Erik K. Olstein N/A N Vincent P. Lyles N/A N Michael D. Akers N/A N Gary A. Drska N/A N Deanna B Marotz N/A 615 E. 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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

  

To the Shareholders of CrossingBridge Funds and  

Board of Trustees of Trust for Professional Managers 

  

In planning and performing our audit of the financial statements of CrossingBridge Funds comprising CrossingBridge Low Duration High Yield Fund, CrossingBridge Responsible Credit Fund, CrossingBridge Ultra-Short Duration Fund, CrossingBridge Pre-Merger SPAC ETF, and RiverPark Strategic Income Fund (the “Funds”), each a series of Trust for Professional Managers, as of and for the year ended September 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ 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 Funds’ internal control over financial reporting.  Accordingly, we express no such opinion. 

  

The management of the Funds 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 Funds’ annual or interim financial statements will not be prevented or detected on a timely basis. 

  

Our consideration of the Funds’ 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 Funds’ 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, 2023.  

  

This report is intended solely for the information and use of management and the Board of Trustees of the Funds 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/ COHEN & COMPANY, LTD. 

COHEN & COMPANY, LTD. 

Milwaukee, Wisconsin 

November 29, 2023