0001145549-24-048262.txt : 20240814
0001145549-24-048262.hdr.sgml : 20240814
20240814123342
ACCESSION NUMBER: 0001145549-24-048262
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20240531
FILED AS OF DATE: 20240814
DATE AS OF CHANGE: 20240814
EFFECTIVENESS DATE: 20240814
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: TRUST FOR PROFESSIONAL MANAGERS
CENTRAL INDEX KEY: 0001141819
ORGANIZATION NAME:
IRS NUMBER: 000000000
STATE OF INCORPORATION: DE
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-10401
FILM NUMBER: 241205837
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
S000028264
Jensen Quality Value Fund
C000086400
Jensen Quality Value Fund - I Shares
JNVIX
C000086401
Jensen Quality Value Fund - J Shares
JNVSX
C000216771
Jensen Quality Value Fund - Y Shares
JNVYX
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
N-CEN
1
primary_doc.xml
X0404
N-CEN
LIVE
0001141819
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false
false
false
N-1A
S000028264
true
S000067414
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
288 Union Street
Rockland
02370
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
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.
35 East Wacker Drive
24th Floor
Chicago
60601
8667627338
Advisory data
CrossingBridge Advisors, LLC
427 Bedford Road
Suite 230
Pleasantville
10570
8888982780
Advisory data
Terra Firma Asset Management LLC
75 Broadway Street
Suite 202
San Francisco
94111
8003116583
Advisory data
Mairs & Power, Inc.
W1520 First National Bank Building
Saint Paul
55101
8558392800
Advisory data
Mason Street Advisors, LLC
720 East Wisconsin Avenue
Milwaukee
53202
8669504644
Advisory data
Northwestern Mutual Investment Services, LLC
720 East Wisconsin Avenue
Milwaukee
53202
4142711444
Distribution data
N
N
N
N-1A
30
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
Gary A. Drska
N/A
N
Michael D. Akers
N/A
N
Deanna B Marotz
N/A
615 E. Michigan St.
Milwaukee
53202
XXXXXX
N
N
N
N
N
Northwestern Mutual Investment Services, LLC
8-14088
000002881
CYO86L8D7HTXW9SOZX28
Y
Quasar Distributors, LLC
8-52323
000103848
N/A
N
Foreside Fund Distributors LLC
8-32480
000031334
N/A
N
Y
Deloitte & Touche LLP
00034
N/A
Cohen & Company, Ltd.
00925
N/A
N
N
N
N
N
N
Jensen Quality Value Fund
S000028264
254900FVV5POADR97235
N
3
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Jensen Investment Management, Inc.
801-32726
000105281
549300VD47D3K1WAVR22
N
U.S. Bancorp Fund Services, LLC
85-11357
N/A
N
N
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
PricingDirect Inc.
549300WIC0TOJ7N7GD54
N
ICE Data Pricing & Reference Data, LLC
5493000NQ9LYLDBCTL34
N
Markit Group Limited
213800BVVQOBUSJXSB53
GB
N
Merrill Lynch Valuations LLC
54930015EWCI4VNCZP82
N
CBOE Global Indices, LLC
N/A
N
LSEG Data & Analytics
N/A
GB
N
N
U.S. Bank National Association
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
U.S. Bancorp Fund Services, LLC
85-11357
N
N
N
INSTINET, LLC
8-52614
000104162
5493000KYO0CHOUH1K62
2848.000000000000
COWEN EXECUTION SERVICES LLC
8-22522
000007616
549300WR155U7DVMIW58
1899.000000000000
4747.000000000000
0.000000000000
Y
187120292.000000000000
Uncommitted
12000000.000000000000
N
N
N
Jensen Global Quality Growth Fund
S000067414
549300F7FOMXOGFU5B38
N
3
0
0
N/A
Y
N
N
N
N/A
N/A
N/A
Rule 12d1-1 (17 CFR 270.12d1-1)
Rule 32a-4 (17 CFR 270.32a-4)
Y
Y
Y
N
Jensen Investment Management, Inc.
801-32726
000105281
549300VD47D3K1WAVR22
N
U.S. Bancorp Fund Services, LLC
85-11357
N/A
N
N
N
PricingDirect Inc.
549300WIC0TOJ7N7GD54
N
Bloomberg L.P.
549300B56MD0ZC402L06
N
ICE Data Pricing & Reference Data, LLC
5493000NQ9LYLDBCTL34
N
Markit Group Limited
213800BVVQOBUSJXSB53
GB
N
Merrill Lynch Valuations LLC
54930015EWCI4VNCZP82
N
CBOE Global Indices, LLC
N/A
N
LSEG Data & Analytics
N/A
GB
N
N
U.S. Bank National Association
6BYL5QZYBDK8S7L73M02
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
U.S. Bancorp Fund Services, LLC
85-11357
N
N
N
INSTINET, LLC
8-23669
000007897
549300MGMN3RKMU8FT57
3472.000000000000
COWEN EXECUTION SERVICES LLC
8-46838
000035693
5493005RJDJD18OPUP27
5.000000000000
3747.000000000000
0.000000000000
Y
48727438.000000000000
Uncommitted
5000000.000000000000
N
N
N
true
INTERNAL CONTROL RPT
2
ncen-jensen.htm
JENSEN
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Shareholders of Jensen Quality Value Fund and Jensen Global Quality Growth Fund and Board of Trustees of Trust for Professional Managers
In planning and performing our audit of the financial statements of Jensen Quality Value Fund and Jensen Global Quality Growth Fund (the “Funds”), each a series of Trust for Professional Managers, as of and for the year ended May 31, 2024, 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 May 31, 2024.
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 July 26, 2024