Logan Capital Broad Innovative Growth ETF | ||||||||
Schedule of Investments | ||||||||
July 31, 2023 (Unaudited) | ||||||||
Shares | Value | |||||||
COMMON STOCKS - 99.17% | ||||||||
Capital Goods - 8.28% | ||||||||
Fastenal Co. | 21,433 | $ | 1,256,188 | |||||
Hubbell, Inc. | 1,372 | 428,064 | ||||||
Lincoln Electric Holdings, Inc. | 5,328 | 1,069,383 | ||||||
Nordson Corp. | 2,884 | 725,644 | ||||||
United Rentals, Inc. | 2,368 | 1,100,362 | ||||||
4,579,641 | ||||||||
Commercial & Professional Services - 4.94% | ||||||||
Cintas Corp. | 2,529 | 1,269,659 | ||||||
Copart, Inc. (a) | 10,997 | 972,025 | ||||||
Insperity, Inc. | 4,193 | 493,306 | ||||||
2,734,990 | ||||||||
Consumer Durables & Apparel - 2.17% | ||||||||
Lululemon Athletica, Inc. (a) | 1,557 | 589,371 | ||||||
Nike, Inc. - Class B | 5,558 | 613,548 | ||||||
1,202,919 | ||||||||
Consumer Services - 3.61% | ||||||||
Marriott International, Inc. - Class A | 1,602 | 323,300 | ||||||
Starbucks Corp. | 10,009 | 1,016,614 | ||||||
Texas Roadhouse, Inc. | 5,881 | 656,025 | ||||||
1,995,939 | ||||||||
Diversified Financials - 0.87% | ||||||||
LPL Financial Holdings, Inc. | 2,093 | 480,050 | ||||||
Financial Services - 1.52% | ||||||||
Coinbase Global, Inc. - Class A (a) | 4,403 | 434,180 | ||||||
OneMain Holdings, Inc. | 8,909 | 405,181 | ||||||
839,361 | ||||||||
Food, Beverage & Tobacco - 2.03% | ||||||||
Lamb Weston Holdings, Inc. | 3,842 | 398,146 | ||||||
Monster Beverage Corp. (a) | 12,652 | 727,364 | ||||||
1,125,510 | ||||||||
Household & Personal Products - 1.83% | ||||||||
Estee Lauder Cos., Inc. - Class A | 5,608 | 1,009,440 | ||||||
Materials - 2.67% | ||||||||
Graphic Packaging Holding Co. | 24,550 | 594,110 | ||||||
Sherwin-Williams Co. | 3,199 | 884,524 | ||||||
1,478,634 | ||||||||
Media & Entertainment - 14.74% | ||||||||
Alphabet, Inc. - Class A (a) | 11,199 | 1,486,331 | ||||||
Alphabet, Inc. - Class C (a)(b) | 7,819 | 1,040,787 | ||||||
Electronic Arts, Inc. | 6,187 | 843,597 | ||||||
Meta Platforms, Inc. - Class A (a) | 5,258 | 1,675,199 | ||||||
Netflix, Inc. (a) | 4,709 | 2,067,110 | ||||||
Trade Desk, Inc. - Class A (a) | 11,383 | 1,038,813 | ||||||
8,151,837 | ||||||||
Pharmaceuticals, Biotechnology & Life Sciences - 7.33% | ||||||||
Agilent Technologies, Inc. | 4,895 | 596,064 | ||||||
Charles River Laboratories International, Inc. (a) | 1,635 | 342,598 | ||||||
IQVIA Holdings, Inc. (a) | 2,688 | 601,467 | ||||||
Mettler-Toledo International, Inc. (a) | 1,010 | 1,270,045 | ||||||
Waters Corp. (a) | 2,765 | 763,721 | ||||||
Zoetis, Inc. | 2,560 | 481,510 | ||||||
4,055,405 | ||||||||
Retailing - 13.38% | ||||||||
Amazon.com, Inc. (a) | 16,318 | 2,181,390 | ||||||
Burlington Stores, Inc. (a) | 2,691 | 477,976 | ||||||
Dick's Sporting Goods, Inc. | 11,679 | 1,646,739 | ||||||
Home Depot, Inc. | 1,755 | 585,889 | ||||||
Lithia Motors, Inc. | 3,577 | 1,110,766 | ||||||
Pool Corp. | 973 | 374,352 | ||||||
RH (a) | 902 | 350,129 | ||||||
Williams-Sonoma, Inc. | 4,850 | 672,404 | ||||||
7,399,645 | ||||||||
Semiconductors & Semiconductor Equipment - 11.54% | ||||||||
Broadcom, Inc. | 4,051 | 3,640,431 | ||||||
KLA Corp. | 5,340 | 2,744,493 | ||||||
6,384,924 | ||||||||
Software & Services - 9.68% | ||||||||
Accenture PLC Ireland - Class A (c) | 854 | 270,163 | ||||||
Adobe Systems, Inc. (a) | 1,677 | 915,927 | ||||||
Cognizant Technology Solutions Corp. - Class A | 7,205 | 475,746 | ||||||
MasterCard, Inc. - Class A | 6,676 | 2,632,213 | ||||||
Paycom Software, Inc. | 2,875 | 1,060,185 | ||||||
5,354,234 | ||||||||
Technology Hardware & Equipment - 11.65% | ||||||||
Amphenol Corp. - Class A | 23,203 | 2,049,057 | ||||||
Apple, Inc. | 15,823 | 3,108,428 | ||||||
Arista Networks, Inc. (a) | 2,031 | 314,988 | ||||||
IPG Photonics Corp. (a) | 2,782 | 365,694 | ||||||
Trimble, Inc. (a) | 6,153 | 331,031 | ||||||
Zebra Technologies Corp. - Class A (a) | 888 | 273,469 | ||||||
6,442,667 | ||||||||
Transportation - 2.93% | ||||||||
Old Dominion Freight Line, Inc. | 3,857 | 1,617,973 | ||||||
TOTAL COMMON STOCKS (Cost $20,699,536) | 54,853,169 | |||||||
MONEY MARKET FUND - 0.87% | ||||||||
Fidelity Government Portfolio - Class I, 5.06% (d) | 479,097 | 479,097 | ||||||
TOTAL MONEY MARKET FUND (Cost $479,097) | 479,097 | |||||||
Total Investments (Cost $21,178,633) - 100.04% | 55,332,266 | |||||||
Liabilities in Excess of Other Assets - (0.04)% | (21,069 | ) | ||||||
TOTAL NET ASSETS - 100.00% | $ | 55,311,197 |
Percentages are stated as a percent of net assets. |
(a) | Non-income producing security. | ||||
(b) | Non-voting shares. | ||||
(c) | U.S. traded security of a foreign issuer. | ||||
(d) | Rate shown is the 7-day annualized yield as of July 31, 2023. | ||||
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 Broad Innovative Growth ETF | |||||||||
Summary of Fair Value Disclosure at July 31, 2023 (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 July 31, 2023: |
Level 1 | Level 2 | Level 3 | Total | |||||||||||||
Common Stocks | ||||||||||||||||
Communication Services | $ | 8,151,837 | $ | - | $ | - | $ | 8,151,837 | ||||||||
Consumer Discretionary | 10,598,503 | - | - | 10,598,503 | ||||||||||||
Consumer Staples | 2,134,950 | - | - | 2,134,950 | ||||||||||||
Financials | 3,951,625 | - | - | 3,951,625 | ||||||||||||
Health Care | 4,055,405 | - | - | 4,055,405 | ||||||||||||
Industrials | 9,992,789 | - | - | 9,992,789 | ||||||||||||
Information Technology | 14,489,427 | - | - | 14,489,427 | ||||||||||||
Materials | 1,478,633 | - | - | 1,478,633 | ||||||||||||
Total Common Stocks | 54,853,169 | - | - | 54,853,169 | ||||||||||||
Money Market Fund | 479,097 | - | - | 479,097 | ||||||||||||
Total Investments | $ | 55,332,266 | $ | - | $ | - | $ | 55,332,266 | ||||||||
Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification. |