CONGRESS SMALL CAP GROWTH FUND
SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited)
Shares			Value
COMMON STOCKS: 96.5%
Aerospace & Defense: 2.5%
	140,000	AeroVironment, Inc. 1	$	12,455,800
Auto Components: 2.9%
	120,000	Fox Factory Holding Corp. 1		14,170,800
Banks: 2.6%
	270,000	Ameris Bancorp		12,733,200
Beverages: 2.6%
	130,000	MGP Ingredients, Inc.		12,680,200
Building Products: 4.5%
	400,000	PGT Innovations, Inc. 1		8,680,000
	125,000	Simpson Manufacturing Co., Inc.		13,388,750
				22,068,750
Capital Markets: 2.0%
	135,000	Cohen & Steers, Inc.		9,918,450
Chemicals: 4.4%
	500,000	American Vanguard Corp.		11,295,000
	80,000	Balchem Corp.		10,450,400
				21,745,400
Construction & Engineering: 4.9%
	103,000	Comfort Systems USA, Inc.		12,467,120
	35,000	Valmont Industries, Inc.		11,540,550
				24,007,670
Electronic Equipment, Instruments & Components: 2.7%
	115,000	Badger Meter, Inc.		13,328,500
Energy Equipment & Services: 2.5%
	480,000	Core Laboratories NV		12,288,000
Food Products: 2.4%
	320,000	The Simply Good Foods Co. 1		11,616,000
Health Care Equipment & Supplies: 8.5%
	110,000	CONMED Corp.		10,533,600
	175,000	Integer Holdings Corp. 1		11,516,750
	210,000	Lantheus Holdings, Inc. 1		12,075,000
	340,000	Neogen Corp. 1		7,279,400
				41,404,750
Health Care Providers & Services: 4.5%
	117,000	AMN Healthcare Services, Inc. 1		11,213,280
	310,000	Progyny, Inc. 1		10,660,900
				21,874,180
Household Durables: 2.6%
	215,000	Skyline Champion Corp. 1		12,674,250
Internet & Direct Marketing Retail: 1.6%
	280,000	Revolve Group, Inc. - Class A 1		7,991,200
IT Services: 4.7%
	145,000	Perficient, Inc. 1		10,750,300
	145,000	WNS Holdings Ltd. - ADR 1		12,285,850
				23,036,150
Leisure Products: 2.6%
	280,000	YETI Holdings, Inc. 1		12,532,800
Life Sciences Tools & Services: 2.3%
	50,000	Medpace Holdings, Inc. 1		11,053,500
Machinery: 2.6%
	105,000	EnPro Industries, Inc.		12,712,350
Media: 1.5%
	150,000	TechTarget, Inc. 1		7,429,500
Oil, Gas & Consumable Fuels: 2.6%
	300,000	Ranger Oil Corp. - Class A		12,600,000
Personal Products: 3.9%
	330,000	e.l.f Beauty, Inc. 1		18,991,500
Pharmaceuticals: 2.2%
	265,000	Supernus Pharmaceuticals, Inc. 1		10,867,650
Professional Services: 4.9%
	75,000	FTI Consulting, Inc. 1		11,964,000
	120,000	ICF International, Inc.		12,262,800
				24,226,800
Semiconductors & Semiconductor Equipment: 7.3%
	155,000	Onto Innovation, Inc. 1		12,190,750
	145,000	Power Integrations, Inc.		12,483,050
	330,000	Ultra Clean Holdings, Inc. 1		11,104,500
				35,778,300
Software: 5.0%
	765,000	American Software, Inc. - Class B		11,635,650
	110,000	Qualys, Inc. 1		12,689,600
				24,325,250
Specialty Retail: 3.2%
	190,000	Boot Barn Holdings, Inc. 1		15,863,100
Technology Hardware, Storage & Peripherals: 2.5%
	410,000	Avid Technology, Inc. 1		12,427,100
TOTAL COMMON STOCKS
(Cost $439,843,068)				472,801,150
SHORT-TERM INVESTMENTS: 3.4%
Money Market Funds: 3.4%
	16,783,163	First American Treasury Obligations Fund - Institutional Class, 4.240% 2		16,783,163
TOTAL SHORT-TERM INVESTMENTS
(Cost $16,783,163)				16,783,163
TOTAL INVESTMENTS IN SECURITIES: 99.9%
(Cost $456,626,231)				489,584,313
Other Assets in Excess of Liabilities: 0.1%				388,728
TOTAL NET ASSETS: 100.0%			$	489,973,041

ADR – American Depositary Receipt
1	Non-income producing security.
2	Annualized seven-day effective yield as of January 31, 2023.
The Global Industry Classification Standard (“GICS®”) sector and industry classifications were developed by and/or are 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 the Congress Small Cap Growth Fund’s (the “Fund”) administrator, U.S. Bancorp Fund Services, LLC.

Congress Small Cap Growth Fund

Summary of Fair Value Exposure at January 31, 2023 (Unaudited)

The Fund utilizes various methods to measure the fair value of its investments on a recurring basis.  U.S. GAAP (Generally Accepted Accounting Principles) establishes a hierarchy that prioritizes inputs to valuation methods.  The three levels of inputs are:

• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access.
• Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly.  These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data.
• Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available.

The following is a summary of the inputs used to value the Fund’s investments as of January 31, 2023. See the Schedule of Investments for an industry breakout.

Description	Level 1		Level 2		Level 3		Total
Common Stocks	$	472,801,150	$	-	$	-	$	472,801,150
Short-Term Investments		16,783,163		-		-		16,783,163
Total Investments in Securities	$	489,584,313	$	-	$	-	$	489,584,313