NPORT-EX 2 logan2.htm NPORT-EX
Logan Capital Large Cap Growth Fund
            
Schedule of Investments
            
January 31, 2022 (Unaudited)
            
             
   
Shares
    
Value
  
COMMON STOCKS - 98.82%
            
Capital Goods - 4.83%
            
Fastenal Co.
    
23,342
    
$
1,323,025
  
Nordson Corp.
    
3,156
      
733,896
  
United Rentals, Inc. (a)
    
2,584
      
827,190
  
             
2,884,111
  
Commercial & Professional Services - 3.96%
                
Cintas Corp.
    
2,787
      
1,091,194
  
Copart, Inc. (a)
    
6,001
      
775,629
  
Insperity, Inc.
    
4,592
      
493,778
  
             
2,360,601
  
Consumer Durables & Apparel - 3.15%
                
Lululemon Athletica, Inc. (a)
    
1,689
      
563,720
  
Nike, Inc.
    
6,058
      
897,008
  
YETI Holdings, Inc. (a)
    
6,410
      
420,368
  
             
1,881,096
  
Consumer Services - 1.80%
                
Starbucks Corp.
    
10,919
      
1,073,556
  
Diversified Financials - 1.62%
                
Coinbase Global, Inc. (a)
    
2,431
      
462,255
  
OneMain Holdings, Inc.
    
9,815
      
507,043
  
             
969,298
  
Food, Beverage & Tobacco - 3.41%
                
Constellation Brands, Inc.
    
3,255
      
773,876
  
Monster Beverage Corp. (a)
    
14,532
      
1,260,215
  
             
2,034,091
  
Household & Personal Products - 3.20%
                
Estee Lauder Cos., Inc.
    
6,123
      
1,909,090
  
Materials - 1.66%
                
Sherwin-Williams Co.
    
3,466
      
993,044
  
Media & Entertainment - 12.96%
                
Alphabet, Inc. - Class A (a)
    
614
      
1,661,527
  
Alphabet, Inc. - Class C (a)(b)
    
428
      
1,161,579
  
Electronic Arts, Inc.
    
6,786
      
900,231
  
Meta Platforms, Inc. (a)
    
5,776
      
1,809,390
  
Netflix, Inc. (a)
    
5,151
      
2,200,198
  
             
7,732,925
  
Pharmaceuticals, Biotechnology & Life Sciences - 9.62%
                
Agilent Technologies, Inc.
    
5,360
      
746,755
  
Charles River Laboratories International, Inc. (a)
    
1,676
      
552,678
  
IQVIA Holdings, Inc. (a)
    
2,942
      
720,496
  
Mettler-Toledo International, Inc. (a)
    
1,115
      
1,642,038
  
Waters Corp. (a)
    
3,023
      
967,723
  
Zoetis, Inc.
    
5,565
      
1,111,831
  
             
5,741,521
  
Retailing - 15.03%
                
Amazon.com, Inc. (a)
    
894
      
2,674,374
  
Burlington Stores, Inc. (a)
    
1,518
      
359,660
  
Dick's Sporting Goods, Inc.
    
12,782
      
1,475,043
  
Home Depot, Inc.
    
1,933
      
709,372
  
Lithia Motors, Inc.
    
3,933
      
1,148,947
  
Pool Corp.
    
1,080
      
514,350
  
RH (a)
    
965
      
388,721
  
Williams-Sonoma, Inc.
    
10,579
      
1,698,353
  
             
8,968,820
  
Semiconductors & Semiconductor Equipment - 8.80%
                
Broadcom, Inc.
    
5,096
      
2,985,644
  
KLA Corp.
    
5,813
      
2,262,827
  
             
5,248,471
  
Software & Services - 13.39%
                
Adobe Systems, Inc. (a)
    
1,828
      
976,701
  
Cognizant Technology Solutions Corp. - Class A
    
7,890
      
673,964
  
EPAM Systems, Inc. (a)
    
2,479
      
1,180,351
  
MasterCard, Inc.
    
7,275
      
2,810,915
  
Paycom Software, Inc. (a)
    
3,161
      
1,059,883
  
Trade Desk, Inc. (a)
    
12,428
      
864,243
  
TTEC Holdings, Inc.
    
5,282
      
423,035
  
             
7,989,092
  
Technology Hardware & Equipment - 13.25%
                
Amphenol Corp.
    
25,423
      
2,023,416
  
Apple, Inc.
    
22,551
      
3,941,464
  
CDW Corp. of Delaware
    
2,904
      
549,001
  
IPG Photonics Corp. (a)
    
2,872
      
443,638
  
Trimble, Inc. (a)
    
6,744
      
486,647
  
Zebra Technologies Corp. (a)
    
908
      
462,281
  
             
7,906,447
  
Transportation - 2.14%
                
Old Dominion Freight Line, Inc.
    
4,234
      
1,278,372
  
TOTAL COMMON STOCKS (Cost $23,460,794)
            
58,970,535
  
                 
MONEY MARKET FUND - 1.03%
                
Fidelity Government Portfolio - Class I, 0.01% (c)
    
614,972
      
614,972
  
TOTAL MONEY MARKET FUND (Cost $614,972)
            
614,972
  
                 
Total Investments (Cost $24,075,766) - 99.85%
            
59,585,507
  
Other Assets in Excess of Liabilities - 0.15%
            
90,450
  
TOTAL NET ASSETS - 100.00%
          
$
59,675,957
  

Percentages are stated as a percent of net assets.
      

(a)
  
Non-income producing security.
      
(b)
  
Non-voting shares.
      
(c)
  
Rate shown is the 7-day annualized yield as of January 31, 2022.
      
           
   
The Global Industry Classification Standard (GICS®) was developed by and/or is the
    
   
exclusive property of MSCI, Inc. 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 Logan Capital
    
   
Management, Inc.
      
Logan Capital Large Cap Growth 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:
    

Logan Capital Large Cap Growth Fund
  
Level 1
    
Level 2
    
Level 3
    
Total
  
                         
Common Stocks
                        
Communication Services
  
$
7,732,925
    
$
-
    
$
-
    
$
7,732,925
  
Consumer Discretionary
    
11,923,473
      
-
      
-
      
11,923,473
  
Consumer Staples
    
3,943,181
      
-
      
-
      
3,943,181
  
Financials
    
969,297
      
-
      
-
      
969,297
  
Health Care
    
5,741,521
      
-
      
-
      
5,741,521
  
Industrials
    
6,523,084
      
-
      
-
      
6,523,084
  
Information Technology
    
21,144,010
      
-
      
-
      
21,144,010
  
Materials
    
993,044
      
-
      
-
      
993,044
  
Total Common Stocks
    
58,970,535
      
-
      
-
      
58,970,535
  
Money Market Fund
    
614,972
      
-
      
-
      
614,972
  
Total Investments
  
$
59,585,507
    
$
-
    
$
-
    
$
59,585,507
  

Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.