1

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

November

30,

2023

(Unaudited)

Principal

Amount

Value

AGENCY

COMMERCIAL

MORTGAGE

BACKED

SECURITIES

—

5

.95

%

California

Housing

Finance

Agency

2021-2,

0.825%,

03/25/2035

(a)

$

31,614,786‌

$

1,558,925‌

Freddie

Mac

Multifamily

ML

Certificates

2019-ML05,

0.247%,

11/25/2033

(a)

45,755,725‌

722,025‌

2022-ML13,

0.960%,

07/25/2036

(a)

84,068,811‌

4,746,525‌

2022-ML13,

1.004%,

09/25/2036

(a)

53,565,985‌

3,740,513‌

2020-ML07,

2.016%,

10/25/2036

(a)

15,129,076‌

2,106,875‌

2019-ML06,

1.133%,

06/25/2037

(a)

10,597,842‌

837,971‌

2021-ML08,

1.869%,

07/25/2037

(a)

17,866,517‌

2,337,834‌

2021-ML10,

2.127%,

01/25/2038

(a)

14,105,509‌

2,154,335‌

2021-ML11,

0.769%,

03/25/2038

(a)

91,584,319‌

4,968,449‌

2021-ML10,

1.518%,

06/25/2038

(a)

50,485,408‌

5,778,560‌

2021-ML09,

1.490%,

02/25/2040

(a)

38,705,039‌

4,504,105‌

2021-ML12,

1.303%,

07/25/2041

(a)

19,110,678‌

1,839,021‌

TOTAL

AGENCY

COMMERCIAL

MORTGAGE

BACKED

SECURITIES

(Cost

$38,832,133)

35,295,138‌

MUNICIPAL

BONDS

—

86

.92

%

Alabama

—

3

.49

%

Black

Belt

Energy

Gas

District

5.500%,

11/01/2053

2,590,000‌

2,710,359‌

5.500%,

10/01/2054

3,000,000‌

3,215,862‌

Energy

Southeast

A

Cooperative

District

5.500%,

11/01/2053

4,000,000‌

4,273,736‌

5.750%,

04/01/2054

1,000,000‌

1,094,374‌

Lower

Alabama

Gas

District

5.000%,

09/01/2034

3,355,000‌

3,532,263‌

Southeast

Energy

Authority

A

Cooperative

District

5.500%,

01/01/2053

5,560,000‌

5,892,070‌

20,718,664‌

Alaska

—

0

.75

%

Alaska

Industrial

Development

&

Export

Authority

5.250%,

06/01/2045

2,735,000‌

2,671,793‌

CIVICVentures

5.000%,

09/01/2033

1,750,000‌

1,760,952‌

4,432,745‌

Arizona

—

1

.75

%

Arizona

Industrial

Development

Authority

1.800%,

07/01/2024

175,000‌

170,198‌

Industrial

Development

Authority

of

the

City

of

Phoenix

Arizona

4.000%,

07/01/2026

1,900,000‌

1,863,533‌

5.000%,

07/01/2045

4,000,000‌

3,645,451‌

2

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Arizona

—

1.75%

(Continued)

Park

Central

Community

Facilities

District

4.375%,

07/01/2024

$

415,000‌

$

410,721‌

State

of

Arizona

Distribution

Revenue

5.500%,

07/01/2038

2,060,000‌

2,455,758‌

5.500%,

07/01/2042

1,545,000‌

1,862,191‌

10,407,852‌

Arkansas

—

0

.19

%

County

of

Pulaski,

AR

5.000%,

03/01/2039

1,025,000‌

1,117,148‌

California

—

14

.12

%

Alhambra

Unified

School

District

0.000%,

08/01/2037

(b)

11,000,000‌

6,400,393‌

California

Educational

Facilities

Authority

5.000%,

03/15/2039

1,015,000‌

1,218,532‌

5.000%,

05/01/2049

5,000,000‌

5,816,127‌

California

Health

Facilities

Financing

Authority

5.000%,

11/01/2047

4,250,000‌

4,820,556‌

California

Municipal

Finance

Authority

4.000%,

12/01/2026

1,500,000‌

1,440,202‌

California

Pollution

Control

Financing

Authority

5.000%,

07/01/2037

1,750,000‌

1,835,452‌

5.000%,

07/01/2038

2,000,000‌

2,084,935‌

California

Public

Finance

Authority

2.875%,

05/15/2027

1,125,000‌

1,028,815‌

City

of

San

Diego,

CA

Tobacco

Settlement

Revenue

Funding

Corp.

4.000%,

06/01/2032

980,000‌

966,807‌

Coachella

Valley

Unified

School

District

0.000%,

08/01/2035

(b)

715,000‌

466,366‌

0.000%,

08/01/2043

(b)

1,015,000‌

416,863‌

El

Rancho

Unified

School

District

0.000%,

08/01/2035

(b)

315,000‌

202,660‌

Fowler

Unified

School

District

5.500%,

08/01/2053

4,945,000‌

5,534,870‌

Gateway

Unified

School

District

0.000%,

08/01/2037

(b)

1,725,000‌

1,007,738‌

Inland

Empire

Tobacco

Securitization

Corp.

3.678%,

06/01/2038

3,010,000‌

2,799,446‌

Mount

San

Antonio

Community

College

District

0.000%,

08/01/2043

(b)

1,395,000‌

1,328,193‌

M-S-R

Energy

Authority

6.500%,

11/01/2039

3,800,000‌

4,673,211‌

6.500%,

11/01/2039

2,645,000‌

3,252,800‌

3

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

California

—

14.12%

(Continued)

Newport

Mesa

Unified

School

District

0.000%,

08/01/2037

(b)

$

100,000‌

$

61,226‌

0.000%,

08/01/2038

(b)

1,000,000‌

579,390‌

Norwalk-La

Mirada

Unified

School

District

0.000%,

08/01/2038

(b)

510,000‌

265,111‌

Oceanside

Unified

School

District

0.000%,

08/01/2035

(b)

135,000‌

88,459‌

0.000%,

08/01/2036

(b)

350,000‌

217,669‌

0.000%,

08/01/2037

(b)

775,000‌

454,575‌

0.000%,

08/01/2039

(b)

310,000‌

162,115‌

Paramount

Unified

School

District

0.000%,

08/01/2037

(b)

525,000‌

305,473‌

Placentia-Yorba

Linda

Unified

School

District

0.000%,

08/01/2041

(b)

5,325,000‌

2,509,072‌

Poway

Unified

School

District

0.000%,

08/01/2037

(b)

6,320,000‌

3,711,498‌

0.000%,

08/01/2038

(b)

5,445,000‌

3,019,124‌

0.000%,

08/01/2040

(b)

905,000‌

448,805‌

0.000%,

08/01/2046

(b)

12,150,000‌

4,206,426‌

San

Bernardino

City

Unified

School

District

0.000%,

08/01/2035

(b)

250,000‌

163,813‌

San

Bernardino

Community

College

District

0.000%,

08/01/2038

(b)

160,000‌

84,888‌

0.000%,

08/01/2044

(b)

12,485,000‌

4,825,186‌

San

Diego

Unified

School

District

0.000%,

07/01/2037

(b)

575,000‌

335,829‌

0.000%,

07/01/2038

(b)

1,655,000‌

911,020‌

0.000%,

07/01/2040

(b)

7,260,000‌

3,568,514‌

0.000%,

07/01/2041

(b)

2,815,000‌

2,660,908‌

Santa

Barbara

Secondary

High

School

District

0.000%,

08/01/2036

(b)

340,000‌

197,514‌

0.000%,

08/01/2040

(b)

5,805,000‌

2,750,062‌

St

Helena

Unified

School

District

0.000%,

06/01/2036

(b)

2,805,000‌

3,355,743‌

West

Contra

Costa

Unified

School

District

0.000%,

08/01/2036

(b)

5,825,000‌

3,586,815‌

83,763,201‌

Colorado

—

3

.43

%

City

&

County

of

Denver,

CO

Airport

System

Revenue

5.750%,

11/15/2036

6,325,000‌

7,655,484‌

5.750%,

11/15/2041

5,485,000‌

6,174,061‌

4

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Colorado

—

3.43%

(Continued)

City

of

Fruita,

CO

Healthcare

Revenue

5.000%,

01/01/2028

$

700,000‌

$

669,873‌

Public

Authority

for

Colorado

Energy

6.500%,

11/15/2038

4,855,000‌

5,847,580‌

20,346,998‌

Connecticut

—

0

.48

%

State

of

Connecticut

Special

Tax

Revenue

5.250%,

07/01/2040

2,500,000‌

2,844,913‌

Florida

—

8

.05

%

Bay

County

School

Board

5.500%,

07/01/2041

1,315,000‌

1,469,146‌

5.500%,

07/01/2042

1,300,000‌

1,444,483‌

City

of

Fort

Lauderdale,

FL

Water

&

Sewer

Revenue

5.500%,

09/01/2048

1,500,000‌

1,699,478‌

City

of

Fort

Myers,

FL

Utility

System

Revenue

5.500%,

10/01/2049

5,000,000‌

5,611,200‌

City

of

Jacksonville,

FL

5.250%,

10/01/2037

6,000,000‌

6,864,579‌

City

of

Lakeland,

FL

Department

of

Electric

Utilities

5.000%,

10/01/2037

1,925,000‌

2,184,928‌

5.000%,

10/01/2038

1,565,000‌

1,767,935‌

County

of

Miami-Dade,

FL

0.000%,

10/01/2040

(b)

5,000,000‌

2,324,403‌

0.000%,

10/01/2041

(b)

1,400,000‌

615,809‌

0.000%,

10/01/2042

(b)

1,360,000‌

563,885‌

0.000%,

10/01/2045

(b)

4,500,000‌

1,634,850‌

County

of

Miami-Dade,

FL

Seaport

Department

5.000%,

10/01/2036

1,450,000‌

1,564,975‌

5.000%,

10/01/2038

4,370,000‌

4,643,812‌

County

of

Sarasota,

FL

Utility

System

Revenue

5.250%,

10/01/2047

2,500,000‌

2,747,395‌

County

of

Seminole,

FL

5.250%,

10/01/2039

3,520,000‌

3,943,529‌

Florida

Development

Finance

Corp.

5.500%,

09/15/2025

750,000‌

735,066‌

5.000%,

09/15/2040

2,050,000‌

1,805,175‌

Palm

Beach

County

School

District

5.250%,

08/01/2036

1,750,000‌

2,019,808‌

5.250%,

08/01/2040

3,645,000‌

4,090,125‌

47,730,581‌

5

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Georgia

—

0

.94

%

City

of

Conyers,

GA

4.300%,

03/01/2031

$

1,185,000‌

$

1,023,819‌

Georgia

Ports

Authority

5.000%,

07/01/2041

4,145,000‌

4,579,094‌

5,602,913‌

Illinois

—

2

.69

%

Chicago

O'Hare

International

Airport

5.250%,

01/01/2039

1,190,000‌

1,298,808‌

City

of

Joliet,

IL

5.500%,

12/15/2042

2,260,000‌

2,512,243‌

DuPage

County

School

District

No.

58

Downers

Grove

5.000%,

12/15/2036

1,070,000‌

1,213,401‌

5.000%,

12/15/2037

2,340,000‌

2,625,673‌

5.250%,

12/15/2038

340,000‌

385,233‌

Metropolitan

Pier

&

Exposition

Authority

0.000%,

12/15/2036

(b)

6,500,000‌

3,746,398‌

Will

County

School

District

No.

114

Manhattan

5.500%,

01/01/2045

3,765,000‌

4,151,983‌

15,933,739‌

Indiana

—

8

.62

%

Avon

Community

School

Building

Corp.

5.500%,

07/15/2040

1,000,000‌

1,137,109‌

5.500%,

07/15/2041

1,000,000‌

1,132,266‌

5.500%,

01/15/2043

2,750,000‌

3,086,915‌

City

of

Valparaiso,

IN

6.750%,

01/01/2034

500,000‌

500,785‌

Clark-Pleasant

Community

School

Building

Corp.

5.250%,

01/15/2042

2,500,000‌

2,777,416‌

Fishers

Town

Hall

Building

Corp.

5.500%,

07/15/2038

1,000,000‌

1,143,059‌

5.500%,

07/15/2039

700,000‌

798,100‌

5.500%,

07/15/2040

1,500,000‌

1,696,948‌

5.500%,

07/15/2043

2,000,000‌

2,225,430‌

Fort

Wayne

Redevelopment

Authority

5.000%,

12/15/2041

2,040,000‌

2,220,016‌

Greater

Clark

Building

Corp.

6.000%,

07/15/2038

5,955,000‌

6,969,628‌

6.000%,

01/15/2042

5,630,000‌

6,486,893‌

Indianapolis

Local

Public

Improvement

Bond

Bank

6.000%,

02/01/2048

8,750,000‌

10,204,044‌

IPS

Multi-School

Building

Corp.

5.500%,

07/15/2042

1,250,000‌

1,396,862‌

6

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Indiana

—

8.62%

(Continued)

Lake

Ridge

Multi-School

Building

Corp.

5.500%,

07/15/2040

$

1,500,000‌

$

1,688,948‌

Noblesville

High

School

Building

Corp.

6.000%,

07/15/2038

350,000‌

419,256‌

6.000%,

07/15/2040

500,000‌

593,535‌

6.000%,

01/15/2043

1,000,000‌

1,173,808‌

Tippecanoe

County

School

Building

Corp.

6.000%,

01/15/2042

600,000‌

691,321‌

Tri-Creek

2002

High

School

Building

Corp.

5.500%,

07/15/2040

4,225,000‌

4,793,347‌

51,135,686‌

Iowa

—

0

.77

%

Iowa

Tobacco

Settlement

Authority

4.000%,

06/01/2049

4,680,000‌

4,548,655‌

Kentucky

—

1

.81

%

County

of

Trimble,

KY

1.300%,

09/01/2044

3,500,000‌

3,022,481‌

Kentucky

Economic

Development

Finance

Authority

5.000%,

05/15/2026

625,000‌

604,896‌

Kentucky

State

Property

&

Building

Commission

5.250%,

06/01/2037

3,095,000‌

3,458,338‌

5.500%,

11/01/2041

1,195,000‌

1,337,823‌

5.500%,

11/01/2042

2,050,000‌

2,282,663‌

10,706,201‌

Louisiana

—

0

.72

%

Ernest

N

Morial

New

Orleans

Exhibition

Hall

Authority

5.000%,

07/15/2039

2,210,000‌

2,420,663‌

Louisiana

Stadium

&

Exposition

District

5.000%,

07/01/2039

1,675,000‌

1,834,478‌

4,255,141‌

Maryland

—

1

.07

%

Maryland

Stadium

Authority

5.000%,

05/01/2050

5,775,000‌

6,324,264‌

Massachusetts

—

0

.61

%

Massachusetts

Development

Finance

Agency

5.000%,

07/15/2040

3,075,000‌

3,645,908‌

Michigan

—

1

.09

%

Great

Lakes

Water

Authority

Water

Supply

System

Revenue

5.000%,

07/01/2038

1,000,000‌

1,123,314‌

Michigan

Finance

Authority

3.267%,

06/01/2039

6,000,000‌

5,343,312‌

6,466,626‌

7

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Minnesota

—

0

.35

%

City

of

Minneapolis,

MN

5.750%,

07/01/2055

$

1,000,000‌

$

952,514‌

City

of

Rochester,

MN

5.000%,

11/15/2035

660,000‌

776,352‌

University

of

Minnesota

5.000%,

08/01/2036

305,000‌

366,812‌

2,095,678‌

Nebraska

—

0

.36

%

Central

Plains

Energy

Project

5.000%,

09/01/2034

2,000,000‌

2,135,740‌

Nevada

—

0

.81

%

Las

Vegas

Convention

&

Visitors

Authority

5.000%,

07/01/2038

3,000,000‌

3,304,924‌

State

of

Nevada

Department

of

Business

&

Industry

8.125%,

01/01/2050

1,500,000‌

1,519,329‌

4,824,253‌

New

Jersey

—

1

.92

%

New

Jersey

Economic

Development

Authority

5.500%,

01/01/2027

300,000‌

300,256‌

5.250%,

06/15/2037

1,560,000‌

1,710,639‌

5.250%,

06/15/2038

1,935,000‌

2,097,271‌

New

Jersey

Transportation

Trust

Fund

Authority

5.250%,

06/15/2036

1,900,000‌

2,172,949‌

0.000%,

12/15/2037

(b)

3,395,000‌

1,948,385‌

0.000%,

12/15/2038

(b)

1,125,000‌

613,610‌

0.000%,

12/15/2039

(b)

5,165,000‌

2,532,277‌

11,375,387‌

New

York

—

4

.84

%

Build

NYC

Resource

Corp.

4.000%,

06/15/2031

600,000‌

560,573‌

4.000%,

06/15/2041

1,350,000‌

1,083,509‌

New

York

City

Transitional

Finance

Authority

5.500%,

05/01/2044

3,575,000‌

4,086,807‌

New

York

City

Transitional

Finance

Authority

Future

Tax

Secured

Revenue

5.500%,

11/01/2045

4,825,000‌

5,438,428‌

New

York

State

Dormitory

Authority

5.000%,

10/01/2047

4,220,000‌

4,912,449‌

5.000%,

10/01/2048

4,000,000‌

4,653,973‌

Port

Authority

of

New

York

&

New

Jersey

5.000%,

07/15/2037

3,000,000‌

3,235,114‌

8

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

New

York

—

4.84%

(Continued)

Triborough

Bridge

&

Tunnel

Authority

5.000%,

05/15/2052

$

4,065,000‌

$

4,724,487‌

28,695,340‌

North

Carolina

—

2

.20

%

University

of

North

Carolina

at

Chapel

Hill

5.000%,

02/01/2045

5,100,000‌

5,597,299‌

5.000%,

02/01/2049

5,500,000‌

6,039,996‌

Watauga

Public

Facilities

Corp.

5.250%,

06/01/2042

1,250,000‌

1,385,105‌

13,022,400‌

North

Dakota

—

0

.34

%

City

of

Larimore,

ND

0.850%,

05/01/2024

2,000,000‌

1,998,145‌

Ohio

—

1

.20

%

County

of

Hamilton,

OH

5.000%,

11/15/2049

6,000,000‌

6,530,482‌

Ohio

Higher

Educational

Facility

Commission

3.750%,

12/01/2023

615,000‌

615,000‌

7,145,482‌

Oregon

—

0

.52

%

Hospital

Facilities

Authority

of

Multnomah

County

Oregon

0.950%,

06/01/2027

1,000,000‌

878,460‌

Port

of

Portland,

OR

Airport

Revenue

5.000%,

07/01/2037

2,000,000‌

2,177,141‌

3,055,601‌

Pennsylvania

—

3

.73

%

Allegheny

County

Sanitary

Authority

5.750%,

06/01/2047

6,835,000‌

7,760,877‌

City

of

Philadelphia,

PA

Water

&

Wastewater

Revenue

5.500%,

06/01/2047

2,365,000‌

2,598,006‌

Delaware

Valley

Regional

Finance

Authority

4.521%

(1

Month

LIBOR

USD

+

0.880%),

09/01/2048

1,000,000‌

990,517‌

Pennsylvania

Turnpike

Commission

5.250%,

12/01/2041

1,000,000‌

1,120,789‌

5.250%,

12/01/2042

1,000,000‌

1,111,016‌

Pittsburgh

Water

&

Sewer

Authority

5.000%,

09/01/2038

2,225,000‌

2,482,042‌

5.000%,

09/01/2039

2,875,000‌

3,184,110‌

Southeastern

Pennsylvania

Transportation

Authority

5.250%,

06/01/2041

2,585,000‌

2,896,061‌

22,143,418‌

9

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Puerto

Rico

—

1

.18

%

Commonwealth

of

Puerto

Rico

0.000%,

07/01/2024

(b)

$

23,978‌

$

23,405‌

0.000%,

07/01/2033

(b)

189,697‌

115,725‌

4.000%,

07/01/2037

113,718‌

101,877‌

4.000%,

07/01/2041

154,613‌

133,886‌

0.000%,

11/01/2043

(b)

651,922‌

339,814‌

4.000%,

07/01/2046

160,797‌

134,017‌

GDB

Debt

Recovery

Authority

of

Puerto

Rico

7.500%,

08/20/2040

2,971,238‌

2,614,689‌

Puerto

Rico

Highway

&

Transportation

Authority

5.850%,

03/01/2027

1,395,000‌

1,397,790‌

Puerto

Rico

Sales

Tax

Financing

Corp.

Sales

Tax

Revenue

0.000%,

07/01/2024

(b)

872,000‌

853,084‌

0.000%,

07/01/2029

(b)

1,589,000‌

1,256,833‌

6,971,120‌

Rhode

Island

—

1

.37

%

Rhode

Island

Health

and

Educational

Building

Corp.

5.500%,

05/15/2042

3,335,000‌

3,736,665‌

5.500%,

05/15/2047

4,000,000‌

4,413,777‌

8,150,442‌

South

Carolina

—

1

.34

%

County

of

Horry,

SC

5.250%,

09/01/2047

4,000,000‌

4,331,055‌

South

Island

Public

Service

District

5.250%,

04/01/2042

3,325,000‌

3,621,114‌

7,952,169‌

Tennessee

—

0

.90

%

Metropolitan

Nashville

Airport

Authority

5.250%,

07/01/2035

1,500,000‌

1,680,103‌

5.500%,

07/01/2036

1,625,000‌

1,833,855‌

5.500%,

07/01/2037

1,650,000‌

1,842,946‌

5,356,904‌

Texas

—

8

.17

%

Board

of

Regents

of

the

University

of

Texas

System

5.000%,

08/15/2049

500,000‌

574,213‌

City

of

Austin,

TX

Water

&

Wastewater

System

Revenue

5.000%,

11/15/2040

1,225,000‌

1,341,270‌

5.000%,

11/15/2041

1,700,000‌

1,853,431‌

City

of

Houston,

TX

Airport

System

Revenue

5.250%,

07/01/2039

2,745,000‌

2,993,684‌

City

of

San

Antonio,

TX

Electric

&

Gas

Systems

Revenue

5.000%,

02/01/2038

6,000,000‌

6,724,651‌

10

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Texas

—

8.17%

(Continued)

City

of

San

Antonio,

TX

Electric

&

Gas

Systems

Revenue

(Continued)

5.000%,

02/01/2039

$

3,265,000‌

$

3,630,400‌

5.250%,

02/01/2040

6,000,000‌

6,757,080‌

Colony

Economic

Development

Corp.

7.250%,

10/01/2042

1,500,000‌

1,397,890‌

Colony

Local

Development

Corp.

7.250%,

10/01/2033

700,000‌

700,236‌

Lower

Colorado

River

Authority

5.500%,

05/15/2047

5,000,000‌

5,464,835‌

5.500%,

05/15/2048

3,000,000‌

3,290,666‌

North

Texas

Tollway

Authority

0.000%,

01/01/2036

(b)

1,085,000‌

675,934‌

0.000%,

01/01/2038

(b)

630,000‌

343,601‌

5.250%,

01/01/2038

4,120,000‌

4,610,740‌

Port

of

Beaumont

Industrial

Development

Authority

4.100%,

01/01/2028

3,000,000‌

2,442,651‌

Pottsboro

Higher

Education

Finance

Corp.

2.000%,

08/15/2040

775,000‌

537,291‌

West

Harris

County

Regional

Water

Authority

5.500%,

12/15/2042

4,500,000‌

5,082,264‌

48,420,837‌

Utah

—

2

.17

%

City

of

Salt

Lake

City

UT

Airport

Revenue

5.250%,

07/01/2037

500,000‌

553,358‌

City

of

Salt

Lake

City,

UT

Airport

Revenue

5.250%,

07/01/2038

1,255,000‌

1,374,142‌

5.250%,

07/01/2039

1,000,000‌

1,088,942‌

Wasatch

County

School

District

Local

Building

Authority

5.500%,

06/01/2047

7,570,000‌

8,304,444‌

Wildflower

Improvement

Association

6.625%,

03/01/2031

1,630,204‌

1,546,028‌

12,866,914‌

Washington

—

1

.98

%

Central

Puget

Sound

Regional

Transit

Authority

5.000%,

11/01/2046

10,000,000‌

11,353,388‌

Washington

State

Housing

Finance

Commission

5.000%,

01/01/2055

500,000‌

364,155‌

11,717,543‌

Washington

DC

—

2

.63

%

District

of

Columbia

5.500%,

07/01/2047

9,795,000‌

11,010,558‌

11

Performance

Trust

Municipal

Bond

Fund

Schedule

of

Investments

(Continued)

November

30,

2023

(Unaudited)

Principal

Amount

Value

MUNICIPAL

BONDS

—

86.92%

(Continued)

Washington

DC

—

2.63%

(Continued)

District

of

Columbia

Income

Tax

Revenue

5.000%,

10/01/2037

$

4,000,000‌

$

4,571,042‌

15,581,600‌

Wisconsin

—

0

.33

%

Public

Finance

Authority

7.500%,

06/01/2029

2,000,000‌

1,936,677‌

TOTAL

MUNICIPAL

BONDS

(Cost

$509,030,728)

515,426,885‌

NON-AGENCY

COMMERCIAL

MORTGAGE

BACKED

SECURITIES

—

2

.18

%

California

Housing

Finance

Agency

2021-1,

0.797%,

11/20/2035

(a)

41,859,238‌

2,073,707‌

2021-3,

0.790%,

08/20/2036

(a)

25,491,566‌

1,331,424‌

National

Finance

Authority

2023-2,

0.813%,

01/20/2038

(a)

60,000,000‌

3,441,600‌

New

Hampshire

Business

Finance

Authority

2022-2,

0.697%,

10/20/2036

(a)

67,661,794‌

3,279,567‌

Washington

State

Housing

Finance

Commission

2021-1,

0.726%,

12/20/2035

(a)

61,486,878‌

2,800,113‌

TOTAL

NON-AGENCY

COMMERCIAL

MORTGAGE

BACKED

SECURITIES

(Cost

$13,660,868)

12,926,411‌

Shares

MONEY

MARKET

FUNDS

—

5

.95

%

First

American

Government

Obligations

Fund

-

X

Class,

5.286%

(c)

35,271,838

35,271,838‌

TOTAL

MONEY

MARKET

FUNDS

(Cost

$35,271,838)

35,271,838‌

Total

Investments

(Cost

$596,795,567)

—

101.00%

$

598,920,272‌

Liabilities

in

Excess

of

Other

Assets

—

(1.00)%

(

5,907,595‌

)

TOTAL

NET

ASSETS

—

100.00%

$

593,012,677‌

Percentages

are

stated

as

a

percent

of

net

assets.

(a)

Represents

an

interest-only

security

that

entitles

holders

to

receive

only

interest

payments

on

underlying

mortgages.

(b)

Represents

a

security

issued

at

a

discount

to

its

face

value

but

pays

no

interest.

(c)

The

rate

shown

represents

the

seven-day

yield

as

of

November

30,

2023.

12

Notes

to

Schedule

of

Investments

November

30,

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. 

13

Notes

to

Schedule

of

Investments

(Continued)

November

30,

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

November

30,

2023: 

Performance

Trust

Municipal

Bond

Fund

Level

1

Level

2

Level

3

Total

Assets

(1)

:

Fixed

Income

Securities:

Agency

Commercial

Mortgage

Backed

Securities

$

–‌

$

35,295,138‌

$

–‌

$

35,295,138‌

Municipal

Bonds

–‌

515,426,885‌

–‌

515,426,885‌

Non-Agency

Commercial

Mortgage

Backed

Securities

–‌

12,926,411‌

–‌

12,926,411‌

Total

Fixed

Income

Securities

–‌

563,648,434‌

–‌

563,648,434‌

Money

Market

Funds

35,271,838‌

–‌

–‌

35,271,838‌

Total

Investments

in

Securities

$

35,271,838‌

$

563,648,434‌

$

–‌

$

598,920,272‌

(1)

See

the

Schedule

of

Investments

for

industry

classifications.