0001145549-21-041009.txt : 20210713 0001145549-21-041009.hdr.sgml : 20210713 20210713131116 ACCESSION NUMBER: 0001145549-21-041009 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210430 FILED AS OF DATE: 20210713 DATE AS OF CHANGE: 20210713 EFFECTIVENESS DATE: 20210713 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Series Portfolios Trust CENTRAL INDEX KEY: 0001650149 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-23084 FILM NUMBER: 211087321 BUSINESS ADDRESS: STREET 1: 615 E. MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-765-6620 MAIL ADDRESS: STREET 1: 615 E. MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 0001650149 S000054556 Oakhurst Strategic Defined Risk Fund C000171306 Institutional Class OASDX C000171307 Advisor Class OASRX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001650149 XXXXXXXX false false false N-1A S000054556 true Series Portfolios Trust 811-23084 0001650149 5493008VNHP5UNYJ3713 615 East Michigan Street Milwaukee 53202 US-WI US 4147656047 U.S. Bank National Association 1555 North River Center Drive Suite 302 Milwaukee 53212 18336121912 Custody data U.S. Bancorp Fund Services, LLC 615 E. Michigan Street Milwaukee 53202 18336121912 Transfer agency, fund accounting and fund administration data Quasar Distributors, LLC 111 East Kilborn Avenue, Suite 2200 Milwaukee 53202 18336121912 Distribution data Teramo Advisors, LLC 1016 Collier Center Way Suite 106 Naples 34110 18336121912 Adviser data for EQHEX Heitman Real Estate Securities, LLC 191 North Wacker Drive Chicago 60606 18887992944 Adviser data for HTMIX and HTMNX Kayne Anderson Capital Advisors L.P. 1800 Avenue of the Stars 3rd Floor Los Angeles 90067 18449552963 Adviser data for KARRX & KARIX Magnetar Asset Management, LLC 1603 Orrington Avenue 13th Floor Evanston 60201 18336776833 Adviser data for MMSQX, MMSJX, MMAQX, and MMAJX Oakhurst Advisors, LLC 1875 Century Park East Suite 960 Los Angeles 90067 18446254778 Adviser data for OASDX Palm Valley Capital Management LLC 422 Jacksonville Drive Jacksonville Beach 32250 18667473111 Adviser data for PVCMX Hotchkis & Wiley Capital Management, LLC 601 South Figueroa Street 39th Floor Los Angeles 90017-5704 2134301000 Adviser data for HOMPX Weiss Multi-Strategy Advisers LLC 320 Park Avenue 20th Floor New York 10022 18665302690 Adviser data for WEISX & WEIZX N N N N-1A 8 Y Koji Felton N/A N Debra McGinty-Poteet 002908931 N Daniel B. Wiley N/A N Jeanine M. Bajczyk N/A Y Donna M. Barrette N/A 615 E. Michigan Street Milwaukee 53202 XXXXXX N N N N N N Quasar Distributors, LLC 8-52323 000103848 N/A N N Cohen & Company, Ltd. 00925 N/A Ernst & Young LLP 00042 N/A N N N N N N Oakhurst Strategic Defined Risk Fund S000054556 5493000ENK6F62VDFZ77 N 2 0 0 N/A N N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Y Y Y Y Oakhurst Advisors, LLC 801-107689 000282057 N/A N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N Bloomberg L.P. 549300B56MD0ZC402L06 N IHS Markit Ltd. 549300HLPTRASHS0E726 BM N Refinitiv US LLC 213800HQORQAP68CJJ04 N PricingDirect Inc. 549300WIC0TOJ7N7GD54 N CBOE Global Markets, Inc. 529900RLNSGA90UPEH54 N Y U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 Y N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Interactive Brokeres, LLC 8-47257 000036418 50OBSE5T5521O6SMZR28 21654.000000000000 Cowen and Company LLC 8-22522 000007616 549300WR155U7DVMIW58 47.000000000000 21701.000000000000 U.S. Bancorp Investments, Inc. 8-35359 000017868 H85Z6XZP8B10ES0M2G89 151937080.000000000000 Wells Fargo Securites LLC 8-65876 000126292 VYVVCKR63DVZZN70PB21 5952323.000000000000 Morgan Stanley & Co. LLC 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 5326701.000000000000 Nomura Securities Internations Inc. 8-15255 000004297 OXTKY6Q8X53C9ILVV871 4310567.000000000000 BOFA Securities Inc. 8-69787 000283942 549300HN4UKV1E2R3U73 699871.000000000000 168226542.000000000000 N 58136829.000000000000 N N true INTERNAL CONTROL RPT 2 ncenoakhurstconfidential.htm OAKHURST INTERNAL CONTROL LETTER PDFtoHTML Conversion Output

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders of Oakhurst Strategic Defined Risk Fund and

Board of Trustees of Series Portfolios Trust

In planning and performing our audit of the financial statements of Oakhurst Strategic Defined Risk Fund (the "Fund"), a series of Series Portfolios Trust, as of and for the year ended April 30, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Fund's 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 Fund's internal control over financial reporting. Accordingly, we express no such opinion.

The management of the Fund 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 Fund's annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund's 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 Fund's 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 April 30, 2021.

This report is intended solely for the information and use of management and the Board of Trustees of the Fund 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

June 29, 2021

C O H E N & C O M P A N Y , L T D .

800.229.1099 | 866.818.4538 fa x | cohencpa.com

Registered with the Public Company Accounting Oversight Board