Congress Small Cap Growth Fund | |||||||
SCHEDULE OF INVESTMENTS at July 31, 2023 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS: 94.7% | |||||||
Aerospace & Defense: 2.5% | |||||||
205,000 | AeroVironment, Inc. 1 | $ | 19,528,300 | ||||
Automobile Components: 2.4% | |||||||
170,000 | Fox Factory Holding Corp. 1 | 19,023,000 | |||||
Banks: 2.8% | |||||||
500,000 | Ameris Bancorp | 21,825,000 | |||||
Beverages: 2.3% | |||||||
162,000 | MGP Ingredients, Inc. | 18,469,620 | |||||
Building Products: 2.0% | |||||||
545,000 | PGT Innovations, Inc. 1 | 15,592,450 | |||||
Capital Markets: 1.8% | |||||||
225,000 | Cohen & Steers, Inc. | 14,469,750 | |||||
Chemicals: 2.2% | |||||||
130,000 | Balchem Corp. | 17,516,200 | |||||
Communications Equipment: 2.4% | |||||||
415,000 | Calix, Inc. 1 | 18,720,650 | |||||
Construction & Engineering: 7.2% | |||||||
115,000 | Comfort Systems USA, Inc. | 20,006,550 | |||||
325,000 | Sterling Infrastructure, Inc. 1 | 19,496,750 | |||||
65,000 | Valmont Industries, Inc. | 17,208,750 | |||||
56,712,050 | |||||||
Consumer Staples Distribution & Retail: 2.3% | |||||||
460,000 | Sprouts Farmers Market, Inc. 1 | 18,055,000 | |||||
Electronic Equipment, Instruments & Components: 2.6% | |||||||
125,000 | Badger Meter, Inc. | 20,580,000 | |||||
Energy Equipment & Services: 2.3% | |||||||
690,000 | Core Laboratories, Inc. | 17,933,100 | |||||
Food Products: 2.2% | |||||||
450,000 | The Simply Good Foods Co. 1 | 17,419,500 | |||||
Health Care Equipment & Supplies: 13.8% | |||||||
160,000 | CONMED Corp. | 19,368,000 | |||||
470,000 | InMode Ltd. 1 | 20,167,700 | |||||
220,000 | Integer Holdings Corp. 1 | 20,345,600 | |||||
215,000 | Lantheus Holdings, Inc. 1 | 18,595,350 | |||||
310,000 | LeMaitre Vascular, Inc. | 19,601,300 | |||||
500,000 | Neogen Corp. 1 | 11,595,000 | |||||
109,672,950 | |||||||
Health Care Providers & Services: 4.9% | |||||||
180,000 | AMN Healthcare Services, Inc. 1 | 19,287,000 | |||||
465,000 | Progyny, Inc. 1 | 19,418,400 | |||||
38,705,400 | |||||||
Hotels, Restaurants & Leisure: 1.8% | |||||||
340,000 | Chuy’s Holdings, Inc. 1 | 14,140,600 | |||||
Household Durables: 2.1% | |||||||
240,000 | Skyline Champion Corp. 1 | 16,718,400 | |||||
IT Services: 1.8% | |||||||
225,000 | Perficient, Inc. 1 | 14,352,750 | |||||
Leisure Products: 2.5% | |||||||
455,000 | YETI Holdings, Inc. 1 | 19,383,000 | |||||
Life Sciences Tools & Services: 2.3% | |||||||
72,000 | Medpace Holdings, Inc. 1 | 18,228,240 | |||||
Machinery: 2.7% | |||||||
155,000 | EnPro Industries, Inc. | 21,510,900 | |||||
Media: 1.9% | |||||||
400,000 | Perion Network Ltd. 1 | 14,636,000 | |||||
Personal Care Products: 4.1% | |||||||
280,000 | e.l.f Beauty, Inc. 1 | 32,681,600 | |||||
Pharmaceuticals: 2.2% | |||||||
570,000 | Supernus Pharmaceuticals, Inc. 1 | 17,493,300 | |||||
Professional Services: 6.8% | |||||||
95,000 | FTI Consulting, Inc. 1 | 16,640,200 | |||||
155,000 | ICF International, Inc. | 18,226,450 | |||||
270,000 | WNS Holdings Ltd. - ADR 1 | 18,659,700 | |||||
53,526,350 | |||||||
Semiconductors & Semiconductor Equipment: 7.7% | |||||||
180,000 | Onto Innovation, Inc. 1 | 22,377,600 | |||||
210,000 | Power Integrations, Inc. | 20,399,400 | |||||
480,000 | Ultra Clean Holdings, Inc. 1 | 18,288,000 | |||||
61,065,000 | |||||||
Software: 2.5% | |||||||
140,000 | Qualys, Inc. 1 | 19,432,000 | |||||
Specialty Retail: 2.6% | |||||||
220,000 | Boot Barn Holdings, Inc. 1 | 20,658,000 | |||||
TOTAL COMMON STOCKS (Cost $620,542,799) | 748,049,110 | ||||||
SHORT-TERM INVESTMENTS: 5.5% | |||||||
Money Market Funds: 5.5% | |||||||
43,058,089 | First American Treasury Obligations Fund - Class X, 5.200% 2 | 43,058,089 | |||||
Total Money Market Funds: 5.5% | 43,058,089 | ||||||
TOTAL SHORT-TERM INVESTMENTS (Cost $43,058,089) | 43,058,089 | ||||||
TOTAL INVESTMENTS IN SECURITIES: 100.2% (Cost $663,600,888) | 791,107,199 | ||||||
Liabilities in Excess of Other Assets: (0.2)% | (1,578,275 | ) | |||||
TOTAL NET ASSETS: 100.0% | $ | 789,528,924 |
ADR - American Depositary Receipt |
1 | Non-income producing security. | |
2 | Annualized seven-day effective yield as of July 31, 2023. |
The Global Industry Classification Standard (GICS®) was developed by and/or is the exclusive property of MSCI, Inc. (“MSCI”) 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 the Congress Small Cap Growth Fund’s (the “Fund”) administrator, U.S. Bancorp Fund Services, LLC.
Congress Small Cap Growth Fund
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. See the Schedule of Investments for an industry breakout.
Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Common Stocks | $ | 748,049,110 | $ | – | $ | – | $ | 748,049,110 | |||||||
Short-Term Investments | 43,058,089 | – | – | 43,058,089 | |||||||||||
Total Investments in Securities | $ | 791,107,199 | $ | – | $ | – | $ | 791,107,199 |