NPORT-EX 2 climate-nport.htm NPORT-EX

Rockefeller Climate Solutions Fund
  
Schedule of Investments
  
as of February 29, 2024 (Unaudited)
  
   
COMMON STOCKS - 97.1%
  
Shares
    
Value
  
Building Products - 10.4%
        
A. O. Smith Corp.
    
27,507
    
$
2,280,330
  
AAON, Inc.
    
13,797
      
1,158,672
  
AZEK Co., Inc.(a)
    
40,955
      
1,970,345
  
Cie de Saint-Gobain
    
38,914
      
2,999,908
  
Geberit AG
    
2,118
      
1,231,383
  
             
9,640,638
  
                 
Capital Markets - 2.4%
          
StoneX Group, Inc.(a)
    
31,972
      
2,214,381
  
                 
Chemicals - 4.7%
          
Air Products and Chemicals, Inc.
    
10,926
      
2,557,121
  
DSM-Firmenich AG
    
16,751
      
1,795,180
  
             
4,352,301
  
                 
Commercial Services & Supplies - 6.5%
          
Rentokil Initial PLC
    
407,967
      
2,271,158
  
Tetra Tech, Inc.
    
12,370
      
2,193,448
  
Veralto Corp.
    
17,393
      
1,503,103
  
             
5,967,709
  
                 
Construction & Engineering - 1.6%
          
Stantec, Inc.
    
17,536
      
1,464,230
  
                 
Diversified Telecommunication Services - 0.9%
          
Iridium Communications, Inc.
    
30,000
      
868,500
  
                 
Electric Utilities - 2.8%
          
SSE PLC
    
123,931
      
2,547,095
  
                 
Electrical Equipment - 9.1%
          
Array Technologies, Inc.(a)
    
37,801
      
515,605
  
Atkore, Inc.
    
17,830
      
3,020,402
  
Schneider Electric SE
    
14,652
      
3,330,290
  
Vestas Wind Systems AS(a)
    
53,472
      
1,490,160
  
             
8,356,457
  
                 
Electronic Equipment, Instruments & Components - 11.8%
          
Badger Meter, Inc.
    
16,442
      
2,609,181
  
Halma PLC
    
64,115
      
1,867,139
  
TE Connectivity Ltd.
    
10,636
      
1,526,904
  
Teledyne Technologies, Inc.(a)
    
4,240
      
1,811,625
  
Trimble, Inc.(a)
    
49,846
      
3,050,077
  
             
10,864,926
  
                 
Food Products - 5.3%
          
Bakkafrost P/F
    
39,922
      
2,493,898
  
Darling Ingredients, Inc.(a)
    
55,570
      
2,351,167
  
             
4,845,065
  
                 
Health Care Providers & Services - 1.1%
          
Progyny, Inc.(a)
    
27,008
      
986,332
  
                 
Hotels, Restaurants & Leisure - 0.9%
          
Sweetgreen, Inc. - Class A(a)
    
63,677
      
811,245
  
                 
Independent Power & Renewable Electricity Producers - 1.7%
          
Brookfield Renewable Corp. - Class A
    
31,671
      
751,236
  
Sunnova Energy International, Inc.(a)
    
107,132
      
779,921
  
             
1,531,157
  
                 
Industrial Conglomerates - 1.7%
          
Hitachi Ltd.
    
19,000
      
1,609,690
  
                 
Life Sciences Tools & Services - 6.4%
          
Agilent Technologies, Inc.
    
17,480
      
2,401,053
  
Danaher Corp.
    
6,415
      
1,623,893
  
Eurofins Scientific SE(a)
    
32,088
      
1,917,673
  
             
5,942,619
  
                 
Machinery - 13.2%
          
ATS Corp.(a)
    
40,866
      
1,539,909
  
Kubota Corp.
    
93,400
      
1,370,776
  
Mueller Industries, Inc.
    
75,960
      
3,902,825
  
Pentair PLC
    
22,838
      
1,776,568
  
Timken Co.
    
20,762
      
1,743,800
  
Xylem, Inc./NY
    
14,394
      
1,828,758
  
             
12,162,636
  
                 
Mortgage Real Estate Investment Trusts (REITs) - 1.0%
          
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
    
38,044
      
957,567
  
                 
Multi-Utilities - 1.7%
          
CMS Energy Corp.
    
27,123
      
1,556,047
  
                 
Professional Services - 6.1%
          
Bureau Veritas SA
    
111,183
      
3,230,603
  
Verisk Analytics, Inc.
    
10,028
      
2,425,773
  
             
5,656,376
  
                 
Semiconductors & Semiconductor Equipment - 0.8%
          
Enphase Energy, Inc.(a)
    
6,067
      
770,570
  
                 
Software - 6.0%
          
ANSYS, Inc.(a)
    
6,699
      
2,238,605
  
Bentley Systems, Inc. - Class B
    
34,931
      
1,794,405
  
Roper Technologies, Inc.
    
2,813
      
1,532,326
  
             
5,565,336
  
                 
Water Utilities - 1.0%
          
American Water Works Co., Inc.
    
8,125
      
963,137
  
TOTAL COMMON STOCKS (Cost $85,288,973)
      
89,634,014
  
                 
SHORT-TERM INVESTMENTS - 3.0%
                
Money Market Funds - 3.0%
  
Shares
          
Invesco Government & Agency Portfolio - Class Institutional, 5.24%(b)
    
2,766,856
      
2,766,856
  
                 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,766,856)
      
2,766,856
  
                 
TOTAL INVESTMENTS - 100.1% (Cost $88,055,829)
    
$
92,400,870
  
Liabilities in Excess of Other Assets - (0.1)%
      
(90,541
)
TOTAL NET ASSETS - 100.0%
          
$
92,310,329
  

Percentages are stated as a percent of net assets.
  
 
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. and Standard & Poor’s Financial Services LLC (“S&P”). GICS is a service mark of MSCI, Inc. and S&P and has been licensed for use by U.S. Bank Global Fund Services.

AG - Aktiengesellschaft
PLC - Public Limited Company
SA - Sociedad Anónima
SE - Societas Europaea

(a)
Non-income producing security.
(b)
The rate shown represents the 7-day effective yield as of February 29, 2024.

Notes to Schedule of Investments
February 29, 2024 (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, including common stocks, preferred stocks and exchange traded funds, listed on NASDAQ will be valued at the NASDAQ Official Closing Price, which may not necessarily represent the last sale price. If, on a particular day, an exchange-listed or NASDAQ security does not trade, then: (i) the security is valued at the mean between the most recent quoted bid and asked prices at the close of the exchange on such day; or (ii) the security is valued at 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 the over-the-counter markets as published by an approved independent pricing service (“Pricing Service”).

Foreign securities will be priced in their local currencies as of the close of their primary exchange or market or as of the time the Fund calculates its NAV, whichever is earlier. Foreign securities, currencies and other assets denominated in foreign currencies are then translated into U.S. dollars at the exchange rate of such currencies against the U.S. dollar using the applicable currency exchange rates as of the close of the New York Stock Exchange (“NYSE”), generally 4:00 p.m. Eastern Time.

Foreign securities are traded on foreign exchanges which typically close before the close of business on each day on which the NYSE is open. Each security trading on these exchanges may be valued utilizing a systematic fair valuation model provided by a pricing service. The valuation of each security that meets certain criteria in relation to the valuation model is systematically adjusted to reflect the impact of movement in the U.S. market after the foreign markets close and are classified as Level 2 securities. Securities that do not meet the criteria, or that are principally traded in other foreign markets, are valued as of the last reported sale price at the time the Fund determines its NAV, or when reliable market prices or quotations are not readily available, at the mean between the most recent bid and asked quotations as of the close of the appropriate exchange or other designated time.

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. When market quotations are not readily available, any security or other financial instrument is valued at its fair value in accordance with Rule 2a-5 of the 1940 Act as determined under procedures, subject to oversight by the Trust’s 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 the application of such procedures.

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 February 29, 2024:

Notes to Schedule of Investments (Continued)
February 29, 2024 (Unaudited)

Rockefeller Climate Solutions Fund
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
61,479,062
    
$
28,154,952
    
$
–
    
$
89,634,014
  
  Money Market Funds
    
2,766,856
      
–
      
–
      
2,766,856
  
Total Assets
  
$
64,245,918
    
$
28,154,952
    
$
–
    
$
92,400,870
  
                                 
   
Refer to the Schedule of Investments for industry classifications.