NPORT-EX 2 ast-fp_nport.htm NPORT-EX
Fort Pitt Capital Total Return Fund
  
SCHEDULE OF INVESTMENTS
  
January 31, 2022 (Unaudited)
  
             
COMMON STOCKS - 96.96%
  
Shares
    
Value
  
Apparel Manufacturing - 0.61%
            
Lululemon Athletica, Inc. *
    
1,499
    
$
500,306
  
                 
Beverage and Tobacco Product Manufacturing - 1.27%
                
Constellation Brands, Inc.
    
4,388
      
1,043,247
  
                 
Broadcasting (except Internet) - 2.31%
                
Walt Disney Co. *
    
13,334
      
1,906,362
  
                 
Chemical Manufacturing - 9.46%
                
Abbott Laboratories
    
32,000
      
4,078,720
  
Bristol-Meyers Squibb Co.
    
20,440
      
1,326,352
  
Westlake Chemical Corp.
    
24,155
      
2,382,891
  
             
7,787,963
  
Computer and Electronic Product Manufacturing - 21.35%
                
Apple, Inc.
    
8,730
      
1,525,829
  
Ciena Corp. *
    
41,893
      
2,777,925
  
Intel Corp.
    
49,100
      
2,397,062
  
Texas Instruments, Inc.
    
21,000
      
3,769,290
  
Thermo Fisher Scientific, Inc.
    
3,900
      
2,267,070
  
Xilinx, Inc.
    
25,000
      
4,838,750
  
             
17,575,926
  
Credit Intermediation and Related Activities - 11.13%
                
Bank of New York Mellon Corp.
    
52,100
      
3,087,446
  
PNC Financial Services Group, Inc.
    
20,500
      
4,222,795
  
Synchrony Financial
    
43,461
      
1,851,004
  
             
9,161,245
  
Fabricated Metal Product Manufacturing - 4.87%
                
Parker-Hannifin Corp.
    
12,950
      
4,014,630
  
                 
Food Services and Drinking Places - 1.40%
                
Starbucks Corp.
    
11,688
      
1,149,164
  
                 
General Merchandise Stores - 2.33%
                
Target Corp.
    
8,700
      
1,917,741
  
                 
Insurance Carriers and Related Activities - 5.37%
                
Arthur J. Gallagher & Co.
    
28,000
      
4,422,320
  
                 
Machinery Manufacturing - 3.32%
                
II-VI, Inc. *
    
43,150
      
2,735,710
  
                 
Miscellaneous Manufacturing - 9.02%
                
Medtronic PLC #
    
26,900
      
2,783,881
  
Rockwell Automation, Inc.
    
16,050
      
4,641,981
  
             
7,425,862
  
Paper Manufacturing - 2.88%
                
Kimberly-Clark Corp.
    
17,203
      
2,367,993
  
                 
Publishing Industries (except Internet) - 6.42%
                
Microsoft Corp.
    
17,000
      
5,286,660
  
                 
Securities, Commodity Contracts, and Other Financial Investments and Related Activities - 7.23%
                
BlackStone Group, Inc.
    
10,319
      
1,361,798
  
Charles Schwab Corp.
    
52,400
      
4,595,480
  
             
5,957,278
  
Telecommunications - 2.89%
                
Verizon Communications, Inc.
    
44,800
      
2,384,704
  
                 
Transportation Equipment Manufacturing - 5.10%
                
Honeywell International, Inc.
    
18,300
      
3,741,984
  
Raytheon Technologies Corp.
    
5,076
      
457,804
  
             
4,199,788
  
                 
TOTAL COMMON STOCKS (Cost $32,230,186)
            
79,836,899
  
                 
REITs: 1.22%
                
Real Estate: 1.22%
                
Digital Realty Trust, Inc.
    
6,744
      
1,006,407
  
TOTAL REITs (Cost $882,089)
            
1,006,407
  
                 
MONEY MARKET FUND - 1.80%
                
Money Market Fund - 1.80%
                
Invesco STIT-Government & Agency Portfolio - Institutional Class, 0.03% †
    
1,479,700
      
1,479,700
  
TOTAL MONEY MARKET FUND (Cost $1,479,700)
            
1,479,700
  
                 
Total Investments (Cost $34,591,975) - 99.98%
            
82,323,006
  
Other Assets in Excess of Liabilities - 0.02%
            
12,669
  
NET ASSETS - 100.00%
          
$
82,335,675
  

* Non-income producing security.
  
# U.S. traded security of a foreign issuer.
  
† Rate shown is the 7-day annualized yield at January 31, 2022.
  
REIT - Real Estate Investment Trust
      
Fort Pitt Capital Total Return Fund
              
Summary of Fair Value Disclosure at January 31, 2022 (Unaudited)
          
                   
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis. Accounting principles generally accepted in the United
States of America ("U.S. GAAP") establish 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 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 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, 2022:
      

   
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks
                        
Accommodation and Food Services
  
$
1,149,164
    
$
-
    
$
-
    
$
1,149,164
  
Finance and Insurance
    
19,540,843
      
-
      
-
      
19,540,843
  
Information
    
7,193,022
      
-
      
-
      
7,193,022
  
Manufacturing
    
43,909,441
      
-
      
-
      
43,909,441
  
Retail Trade
    
4,302,445
      
-
      
-
      
4,302,445
  
Wholesale Trade
    
3,741,984
      
-
      
-
      
3,741,984
  
Total Common Stocks
    
79,836,899
      
-
      
-
      
79,836,899
  
REITs
    
1,006,407
      
-
      
-
      
1,006,407
  
Money Market Fund
    
1,479,700
      
-
      
-
      
1,479,700
  
Total Investments
  
$
82,323,006
    
$
-
    
$
-
    
$
82,323,006
  
                                 
Refer to the Fund’s schedule of investments for a detailed break-out of securities by industry classification.