NPORT-EX 2 smallcap-nport.htm NPORT-EX

Rockefeller US Small Cap Core Fund
  
Schedule of Investments
  
as of February 29, 2024 (Unaudited)
  
   
COMMON STOCKS - 96.3%
  
Shares
    
Value
  
Automobile Components - 3.6%
        
Gentherm, Inc.(a)
    
20,978
    
$
1,192,809
  
XPEL, Inc.(a)
    
30,545
      
1,606,056
  
             
2,798,865
  
                 
Banks - 2.2%
          
First Bancorp.
    
50,184
      
1,712,278
  
                 
Building Products - 4.9%
          
AAON, Inc.
    
22,410
      
1,881,992
  
AZEK Co., Inc.(a)
    
40,227
      
1,935,321
  
             
3,817,313
  
                 
Capital Markets - 8.8%
          
Donnelley Financial Solutions, Inc.(a)
    
37,957
      
2,450,504
  
PJT Partners, Inc. - Class A
    
18,531
      
1,953,167
  
StoneX Group, Inc.(a)
    
36,979
      
2,561,165
  
             
6,964,836
  
                 
Communications Equipment - 2.0%
          
Calix, Inc.(a)
    
44,303
      
1,544,846
  
                 
Construction & Engineering - 1.6%
          
Sterling Infrastructure, Inc.(a)
    
11,601
      
1,237,131
  
                 
Consumer Finance - 1.9%
          
FirstCash Holdings, Inc.
    
13,152
      
1,505,904
  
                 
Diversified Consumer Services - 3.7%
          
Stride, Inc.(a)
    
48,400
      
2,891,900
  
                 
Electrical Equipment - 3.1%
          
Atkore, Inc.
    
14,320
      
2,425,808
  
                 
Electronic Equipment, Instruments & Components - 5.8%
          
Badger Meter, Inc.
    
9,768
      
1,550,084
  
CTS Corp.
    
26,895
      
1,198,441
  
Insight Enterprises, Inc.(a)
    
9,425
      
1,771,900
  
             
4,520,425
  
                 
Financial Services - 5.8%
          
AvidXchange Holdings, Inc.(a)
    
119,314
      
1,585,683
  
International Money Express, Inc.(a)
    
78,419
      
1,544,854
  
Walker & Dunlop, Inc.
    
14,683
      
1,400,465
  
             
4,531,002
  
                 
Food Products - 3.5%
          
SunOpta, Inc.(a)
    
401,160
      
2,820,155
  
                 
Gas Utilities - 2.1%
          
ONE Gas, Inc.
    
27,916
      
1,663,794
  
                 
Ground Transportation - 2.9%
          
ArcBest Corp.
    
15,770
      
2,252,902
  
                 
Health Care Equipment & Supplies - 5.0%
          
Merit Medical Systems, Inc.(a)
    
39,649
      
3,021,254
  
Omnicell, Inc.(a)
    
33,937
      
890,507
  
             
3,911,761
  
                 
Health Care Providers & Services - 7.3%
          
Progyny, Inc.(a)
    
56,978
      
2,080,837
  
RadNet, Inc.(a)
    
38,973
      
1,475,518
  
US Physical Therapy, Inc.
    
20,303
      
2,157,599
  
             
5,713,954
  
                 
Insurance - 2.8%
          
Stewart Information Services Corp.
    
34,985
      
2,203,355
  
                 
IT Services - 3.3%
          
Perficient, Inc.(a)
    
40,061
      
2,598,757
  
                 
Machinery - 7.9%
          
ATS Corp.(a)
    
44,774
      
1,687,980
  
Enpro, Inc.
    
8,700
      
1,355,634
  
Mueller Industries, Inc.
    
60,908
      
3,129,453
  
             
6,173,067
  
                 
Media - 2.8%
          
TechTarget, Inc.(a)
    
70,334
      
2,230,291
  
                 
Mortgage Real Estate Investment Trusts (REITs) - 2.0%
          
Hannon Armstrong Sustainable Infrastructure Capital, Inc.
    
62,108
      
1,563,258
  
                 
Professional Services - 6.1%
          
Huron Consulting Group, Inc.(a)
    
14,173
      
1,390,796
  
Korn Ferry
    
38,490
      
2,450,274
  
Paycor HCM, Inc.(a)
    
46,224
      
976,251
  
             
4,817,321
  
                 
Software - 6.1%
          
Agilysys, Inc.(a)
    
13,595
      
1,057,691
  
PROS Holdings, Inc.(a)
    
104,051
      
3,719,823
  
             
4,777,514
  
                 
Trading Companies & Distributors - 1.1%
          
Applied Industrial Technologies, Inc.
    
4,386
      
832,858
  
TOTAL COMMON STOCKS (Cost $69,764,000)
      
75,509,295
  
                 
SHORT-TERM INVESTMENTS - 3.3%
                
Money Market Funds - 3.3%
  
Shares
          
Invesco Government & Agency Portfolio - Class Institutional, 5.24%(b)
    
2,597,544
      
2,597,544
  
                 
TOTAL SHORT-TERM INVESTMENTS (Cost $2,597,544)
      
2,597,544
  
                 
TOTAL INVESTMENTS - 99.6% (Cost $72,361,544)
    
$
78,106,839
  
Other Assets in Excess of Liabilities - 0.4%
      
344,539
  
TOTAL NET ASSETS - 100.0%
          
$
78,451,378
  

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.

(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 US Small Cap Core Fund
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
  Common Stocks
  
$
75,509,295
    
$
–
    
$
–
    
$
75,509,295
  
  Money Market Funds
    
2,597,544
      
–
      
–
      
2,597,544
  
Total Assets
  
$
78,106,839
    
$
–
    
$
–
    
$
78,106,839
  
                                 
   
Refer to the Schedule of Investments for industry classifications.