Congress SMid Growth ETF
Schedule of Investments
July 31, 2026 (Unaudited)

COMMON STOCKS - 97.4%

Shares  

Value  
Aerospace & Defense - 9.8%

Carpenter Technology Corp.

            30,505

    $        15,852,228
Curtiss-Wright Corp.

            26,493

             19,180,932
Karman Holdings, Inc. (a)

            196,233

             9,448,619




             44,481,779






Banks - 2.2%

UMB Financial Corp.

            68,977

             10,052,018






Beverages - 1.4%

Celsius Holdings, Inc. (a)

            211,809

             6,186,941






Biotechnology - 5.2%

Halozyme Therapeutics, Inc. (a)

            157,854

             13,029,269
Krystal Biotech, Inc. (a)

            15,217

             5,190,823
Neurocrine Biosciences, Inc. (a)

            32,071

             5,349,443




             23,569,535






Broadline Retail - 1.4%

Ollie's Bargain Outlet Holdings, Inc. (a)

            85,498

             6,281,538






Capital Markets - 2.4%

PJT Partners, Inc. - Class A

            63,970

             10,766,791






Chemicals - 1.7%

Hawkins, Inc.

            60,236

             7,712,015






Construction & Engineering - 7.8%

MYR Group, Inc. (a)

            22,539

             7,510,446
Sterling Infrastructure, Inc. (a)

            20,585

             12,284,510
Valmont Industries, Inc.

            32,656

             15,730,395




             35,525,351






Consumer Staples Distribution & Retail - 2.8%

BJ's Wholesale Club Holdings, Inc. (a)

            130,007

             12,712,084






Containers & Packaging - 1.4%

Avery Dennison Corp.

            36,588

             6,210,081






Electrical Equipment - 3.6%

nVent Electric PLC

            106,641

             16,404,585






Electronic Equipment, Instruments & Components - 8.9%

Badger Meter, Inc.

            39,493

             5,305,884
CDW Corp.

            44,791

             6,620,558
Mirion Technologies, Inc. (a)

            581,238

             8,706,945
Novanta, Inc. (a)

            80,176

             11,429,089
Plexus Corp. (a)

            33,276

             8,363,590




             40,426,066








Energy Equipment & Services - 1.5%

Solaris Energy Infrastructure, Inc.

            132,246

             6,798,767






Financial Services - 2.5%

Affirm Holdings, Inc. (a)

            157,436

             11,258,248






Health Care Equipment & Supplies - 6.5%

STERIS PLC

            45,515

             10,395,626
TransMedics Group, Inc. (a)

            95,082

             7,274,724
UFP Technologies, Inc. (a)

            46,795

             11,922,430




             29,592,780






Hotels, Restaurants & Leisure - 2.4%

Dutch Bros, Inc. - Class A (a)

            164,658

             10,839,436






IT Services - 1.5%

DigitalOcean Holdings, Inc. (a)

            57,960

             6,810,300






Life Sciences Tools & Services - 5.6%

Medpace Holdings, Inc. (a)

            21,858

             12,614,470
Repligen Corp. (a)

            89,546

             12,626,882




             25,241,352






Machinery - 2.2%

Lincoln Electric Holdings, Inc.

            37,234

             9,729,617






Oil, Gas & Consumable Fuels - 2.1%

Range Resources Corp.

            241,382

             9,689,074






Personal Care Products - 2.0%

elf Beauty, Inc. (a)

            111,305

             9,226,071






Pharmaceuticals - 3.9%

Amneal Pharmaceuticals, Inc. (a)

            310,350

             5,685,612
Ligand Pharmaceuticals, Inc. (a)

            41,590

             11,958,789




             17,644,401






Professional Services - 1.5%

ExlService Holdings, Inc. (a)

            200,060

             6,788,036






Semiconductors & Semiconductor Equipment - 6.0%

Credo Technology Group Holding Ltd. (a)

            27,694

             5,732,381
Entegris, Inc.

            78,236

             9,313,996
Rambus, Inc. (a)

            135,387

             12,324,279




             27,370,656






Software - 7.2%

Commvault Systems, Inc. (a)

            50,502

             5,949,135
Rubrik, Inc. - Class A (a)

            210,152

             15,206,599
Samsara, Inc. - Class A (a)

            311,484

             11,609,009




             32,764,743






Specialty Retail - 3.9%

Boot Barn Holdings, Inc. (a)

            60,312

             8,985,885
Floor & Decor Holdings, Inc. - Class A (a)

            154,729

             8,907,748






             17,893,633
TOTAL COMMON STOCKS (Cost $411,424,912)

             441,975,898






REAL ESTATE INVESTMENT TRUSTS - 1.7%

Shares  

Value  
Industrial REITs - 1.7%

Terreno Realty Corp.

            109,501

             7,845,747
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $6,713,571)

             7,845,747






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.9%
Shares  

Value  
First American Treasury Obligations Fund - Class X, 3.60% (b)

            4,136,142

             4,136,142
TOTAL MONEY MARKET FUNDS (Cost $4,136,142)

             4,136,142






TOTAL INVESTMENTS - 100.0% (Cost $422,274,625)

             453,957,787
Liabilities in Excess of Other Assets - (0.0)% (c)
(0.00050)
            (225,873)
TOTAL NET ASSETS - 100.0%




    $        453,731,914


Percentages are stated as a percent of net assets.




REIT - Real Estate Investment Trust
The Global Industry Classification Standard (“GICS®”) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) and Standard & Poor’s Financial Services LLC (“S&P”). GICS® is a service mark of MSCI 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 annualized yield as of July 31, 2026.
(c)

Represents less than 0.05% of net assets.




Summary of Fair Value Disclosure as of July 31, 2026 (Unaudited)

Congress SMid Growth ETF has adopted fair value accounting standards which establish a definition of fair value and set out a hierarchy for measuring fair value. These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion of changes in valuation techniques and related inputs during the period, and expanded disclosure of valuation levels for major security types. These inputs are summarized in the three broad levels listed below. The inputs or valuation methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
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 speeds, 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 based on the best information available.
The following is a summary of the fair valuation hierarchy of the Fund’s securities as of July 31, 2026:



Level 1

Level 2

Level 3

Total
Investments:







  Common Stocks
    $        441,975,898

    $        –

    $        –

    $        441,975,898
  Real Estate Investment Trusts
            7,845,747

            –

            –

            7,845,747
  Money Market Funds
            4,136,142

            –

            –

            4,136,142
Total Investments
    $        453,957,787

    $        –

    $        –

    $        453,957,787



 

Refer to the Schedule of Investments for further disaggregation of investment categories.