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

COMMON STOCKS - 96.3%

Shares  

Value  
Aerospace & Defense - 4.6%

Axon Enterprise, Inc. (a)

            11,560

    $        6,100,906
Howmet Aerospace, Inc.

            38,462

             10,856,284




             16,957,190






Automobiles - 1.2%

Tesla, Inc. (a)

            14,362

             4,469,598






Broadline Retail - 2.7%

Amazon.com, Inc. (a)

            36,437

             9,895,560






Capital Markets - 5.9%

Goldman Sachs Group, Inc.

            7,201

             7,333,354
Interactive Brokers Group, Inc. - Class A

            91,254

             8,029,440
Moody's Corp.

            13,216

             6,322,270




             21,685,064






Chemicals - 2.2%

Ecolab, Inc.

            29,615

             8,222,012






Communications Equipment - 3.1%

Arista Networks, Inc. (a)

            64,034

             11,548,532






Consumer Staples Distribution & Retail - 2.4%

Costco Wholesale Corp.

            9,281

             8,834,491






Electrical Equipment - 6.2%

Eaton Corp. PLC

            22,894

             9,505,589
GE Vernova, Inc.

            13,313

             13,183,731




             22,689,320






Electronic Equipment, Instruments & Components - 4.2%

Amphenol Corp. - Class A

            73,368

             11,790,237
Coherent Corp. (a)

            13,847

             3,640,238




             15,430,475






Financial Services - 2.7%

Visa, Inc. - Class A

            27,376

             10,023,175






Health Care Equipment & Supplies - 2.9%

IDEXX Laboratories, Inc. (a)

            8,628

             4,823,656
Intuitive Surgical, Inc. (a)

            16,992

             6,003,783




             10,827,439






Hotels, Restaurants & Leisure - 2.1%

Hilton Worldwide Holdings, Inc.

            24,271

             7,778,613






Interactive Media & Services - 8.5%

Alphabet, Inc. - Class A

            62,253

             22,170,161
Meta Platforms, Inc. - Class A

            16,422

             9,142,292






             31,312,453






IT Services - 4.4%

MongoDB, Inc. (a)

            28,822

             9,726,849
Shopify, Inc. - Class A (a)

            54,329

             6,364,642




             16,091,491






Machinery - 2.3%

Parker-Hannifin Corp.

            8,640

             8,437,219






Oil, Gas & Consumable Fuels - 2.2%

Williams Cos., Inc.

            115,488

             8,262,012






Pharmaceuticals - 1.9%

Eli Lilly & Co.

            6,102

             7,010,222






Semiconductors & Semiconductor Equipment - 20.8%

ARM Holdings PLC - ADR (a)

            28,480

             6,826,371
ASML Holding NV

            5,475

             8,918,775
Broadcom, Inc.

            47,135

             18,348,713
Micron Technology, Inc.

            8,446

             6,951,311
NVIDIA Corp.

            140,296

             28,164,422
Texas Instruments, Inc.

            27,536

             7,592,777




             76,802,369






Software - 8.1%

Crowdstrike Holdings, Inc. - Class A (a)

            25,011

             4,773,599
Microsoft Corp.

            45,141

             20,977,926
Palantir Technologies, Inc. - Class A (a)

            34,958

             4,301,931




             30,053,456






Specialty Retail - 1.9%

TJX Cos., Inc.

            45,449

             7,150,946






Technology Hardware, Storage & Peripherals - 6.0%

Apple, Inc.

            72,074

             22,264,379
TOTAL COMMON STOCKS (Cost $278,345,761)

             355,746,016






REAL ESTATE INVESTMENT TRUSTS - 2.8%

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Value  
Health Care REITs - 2.8%

Welltower, Inc.

            43,523

             10,203,532
TOTAL REAL ESTATE INVESTMENT TRUSTS (Cost $7,298,261)

             10,203,532






SHORT-TERM INVESTMENTS
MONEY MARKET FUNDS - 0.1%
Shares  

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

            545,410

             545,410
TOTAL MONEY MARKET FUNDS (Cost $545,410)

             545,410






TOTAL INVESTMENTS - 99.2% (Cost $286,189,432)

             366,494,958
Other Assets in Excess of Liabilities - 0.8%
0.00802
            2,962,235
TOTAL NET ASSETS - 100.0%




    $        369,457,193


Percentages are stated as a percent of net assets.






ADR - American Depositary Receipt
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.



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

Congress Large Cap 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
    $        355,746,016

    $        –

    $        –

    $        355,746,016
  Real Estate Investment Trusts
            10,203,532

            –

            –

            10,203,532
  Money Market Funds
            545,410

            –

            –

            545,410
Total Investments
    $        366,494,958

    $        –

    $        –

    $        366,494,958



 

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