9AT: PALISADE ASSET MANAGEMENT, LLC

PALISADE ASSET MANAGEMENT, LLC

PALISADE ASSET MANAGEMENT, LLC

Adviser Profile

As of Date	07/10/2026
Registration	SEC, Approved, 07/11/2005
ADV Location	MINNEAPOLIS, MN, United States
Contact Info	612 xxxxxxx
Websites

AUM^*	1,268,851,206 5%
of that, discretionary	1,215,912,543 10%
Number of Employees	10
of those in investment advisory functions	5
Private Fund GAV^*	0
Avg Account Size	1,512,338 1%
% High Net Worth	85.25% 2%
SMA’s	Yes
Private Funds	0

Adviser Type

- Large advisory firm

Client Types

- High net worth individuals
- Banking or thrift institutions
- Pension and profit sharing plans
- Charitable organizations
- Corporations or other businesses not listed above

Advisory Activities

- Financial planning services
- Portfolio management for individuals and/or small businesses
- Portfolio management for businesses
- Selection of other advisers

Compensation Arrangments

- A percentage of assets under your management
- Fixed fees (other than subscription fees)

Reported AUM

1B 1B 869M 695M 521M 347M 174M

2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026

Discretionary

Non-discretionary

Private Funds

No private funds

Employees

Form ADV-E Surprise Examination Reports

Accounting Firm Name	Filing Date	Form ADV-E
Accounting Firm Name CBIZ CPAS P.C.	Filing Date01/28/2026	Form ADV-E View Report
Accounting Firm Name CBIZ CPAS P.C.	Filing Date12/26/2024	Form ADV-E View Report
Accounting Firm Name MAYER HOFFMAN MCCANN P.C.	Filing Date09/27/2023	Form ADV-E View Report

Top Holdings

Stock Ticker	Stock Name	$ Position	% Position	$ Change	# Change
Stck Ticker037833100	Stock NameApple Inc	$ Position$53,707,739	% Position5.00%	$ Change7.00%	# Change-6.00%
Stck Ticker594918104	Stock NameMicrosoft Corp	$ Position$48,165,088	% Position4.00%	$ Change1.00%	# Change0.00%
Stck Ticker17275R102	Stock NameCISCO SYS INC	$ Position$40,630,941	% Position4.00%	$ Change47.00%	# Change-3.00%
Stck Ticker459200101	Stock NameINTERNATIONAL BUSINESS MACHS	$ Position$27,797,609	% Position3.00%	$ Change15.00%	# Change-1.00%
Stck Ticker91324P102	Stock NameUnitedHealth Group Inc	$ Position$33,190,549	% Position3.00%	$ Change54.00%	# Change0.00%
Stck Ticker78462F103	Stock NameSPDR S&P 500 ETF TR	$ Position$28,633,073	% Position3.00%	$ Change13.00%	# Change-1.00%
Stck Ticker532457108	Stock NameELI LILLY & CO	$ Position$17,023,510	% Position2.00%	$ Change28.00%	# Change-2.00%
Stck Ticker68389X105	Stock NameOracle Corp	$ Position$25,489,295	% Position2.00%	$ Change-1.00%	# Change0.00%
Stck Ticker87612E106	Stock NameTarget Corp	$ Position$19,817,455	% Position2.00%	$ Change8.00%	# Change1.00%
Stck Ticker742718109	Stock NamePROCTER & GAMBLE CO	$ Position$16,306,808	% Position2.00%	$ Change2.00%	# Change1.00%

Brochure Summary

Overview

Palisade Asset Management, LLC (“Palisade”) is an SEC registered investment adviser that began conducting business in 2005. Its predecessor firm, Palisade Investment Advisor, LLC, began conducting business in 2002. Listed below are the firm's principal shareholders (those individuals and/or entities controlling 25% or more of the company):  Paul J. Kronlokken  Steven E. Landberg  Peter D. Rocca We offer the following advisory services to our clients: Individual Portfolio Management and Investment Supervisory Services We provide continuous advice to clients regarding the investment of client assets based on the individual needs of the client. We also provide continuous asset management of the client’s assets. Through personal discussions in which goals and objectives based on a client's particular circumstances are established, we work with the client to develop personal investment directives and create and manage a portfolio based on those directives. During our data-gathering process, we determine the client’s individual objectives, restrictions or constraints, risk tolerance, and liquidity needs. As appropriate, we also review and discuss a client's prior investment history, as well as family composition and background. We manage these advisory accounts

on a discretionary and/or non-discretionary basis. Account supervision is guided by the client's investment directives and tax considerations. Clients may impose reasonable restrictions on investing in certain securities, types of securities, or industry sectors. Our investment recommendations are not limited to any specific product or service offered by a broker- dealer or insurance company. Company Retirement Plans – Investment Advisory Services We provide investment advisory services to companies offering Employee Retirement Income Security Act (“ERISA”) retirement plans. This includes the analysis, recommendation, and on-going monitoring of the plan’s investment offerings. If requested, we will also assist companies in the research, review, and selection process of Plan Administrators/Record keepers. Additionally, we will implement new plans and manage the on-going education and enrollment meetings offered to all plan participants. Other Services Offered Financial Planning Services Selection of Other Advisers Publication of Periodicals and Newsletters Amount of Managed Assets As of 12/31/2023, Palisade actively manages $972,377,411 of client assets on a discretionary basis plus $96,894,913 of client assets on a non-discretionary basis.