Logan Capital Large Cap Growth Fund
           
Schedule of Investments
           
July 31, 2020 (Unaudited)
           
   

       
   
Shares
   
Value
 
COMMON STOCKS - 99.20%
           
Capital Goods - 4.68%
           
Fastenal Co.
   
20,628
   
$
970,341
 
Nordson Corp.
   
3,156
     
611,097
 
United Rentals, Inc. (a)
   
3,168
     
492,212
 
             
2,073,650
 
Commercial  & Professional Services - 5.94%
               
Cintas Corp.
   
2,907
     
877,536
 
Copart, Inc. (a)
   
5,976
     
557,262
 
Insperity, Inc.
   
4,703
     
314,443
 
Verisk Analytics, Inc.
   
4,665
     
880,332
 
             
2,629,573
 
Consumer Durables & Apparel - 2.64%
               
Lululemon Athletica, Inc. (a)
   
1,783
     
580,527
 
Nike, Inc.
   
6,038
     
589,369
 
             
1,169,896
 
Consumer Services - 1.88%
               
Starbucks Corp.
   
10,861
     
831,192
 
Diversified Financials - 0.61%
               
S&P Global, Inc.
   
767
     
268,642
 
Food, Beverage & Tobacco - 4.00%
               
Constellation Brands, Inc.
   
3,436
     
612,296
 
Monster Beverage Corp. (a)
   
14,753
     
1,157,815
 
             
1,770,111
 
Household & Personal Products - 2.70%
               
Estee Lauder Cos., Inc.
   
6,049
     
1,194,919
 
Materials - 1.76%
               
Sherwin-Williams Co.
   
1,206
     
781,391
 
Media & Entertainment - 13.89%
               
Alphabet, Inc. - Class A (a)
   
598
     
889,794
 
Alphabet, Inc. - Class C (a)(b)
   
408
     
605,048
 
Electronic Arts, Inc. (a)
   
6,709
     
950,128
 
Facebook, Inc. (a)
   
5,742
     
1,456,573
 
Netflix, Inc. (a)
   
4,594
     
2,245,915
 
             
6,147,458
 
Pharmaceuticals, Biotechnology & Life Sciences - 8.19%
               
Agilent Technologies, Inc.
   
5,301
     
510,645
 
IQVIA Holdings, Inc. (a)
   
3,556
     
563,235
 
Mettler-Toledo International, Inc. (a)
   
1,122
     
1,049,070
 
Waters Corp. (a)
   
3,000
     
639,450
 
Zoetis, Inc.
   
5,704
     
865,183
 
             
3,627,583
 
Retailing - 13.43%
               
Amazon.com, Inc. (a)
   
885
     
2,800,742
 
Dick's Sporting Goods, Inc.
   
17,452
     
796,160
 
Home Depot, Inc.
   
4,195
     
1,113,731
 
Pool Corp.
   
950
     
300,865
 
Williams-Sonoma, Inc.
   
10,708
     
932,881
 
             
5,944,379
 
Semiconductors & Semiconductor Equipment - 6.05%
               
Broadcom, Inc.
   
4,728
     
1,497,594
 
KLA Corp.
   
5,899
     
1,178,797
 
             
2,676,391
 
Software & Services - 21.20%
               
Adobe Systems, Inc. (a)
   
1,904
     
845,985
 
Cognizant Technology Solutions Corp. - Class A
   
7,805
     
533,238
 
EPAM Systems, Inc. (a)
   
2,453
     
711,566
 
Fiserv, Inc. (a)
   
8,074
     
805,704
 
FleetCor Technologies, Inc. (a)
   
3,138
     
811,393
 
Global Payments, Inc.
   
10,986
     
1,955,728
 
MasterCard, Inc.
   
6,676
     
2,059,746
 
Paycom Software, Inc. (a)
   
3,516
     
999,845
 
Trade Desk, Inc. (a)
   
1,469
     
662,989
 
             
9,386,194
 
Technology Hardware & Equipment - 12.23%
               
Amphenol Corp.
   
12,973
     
1,372,025
 
Apple, Inc.
   
6,601
     
2,805,689
 
CDW Corp. of Delaware
   
4,052
     
471,045
 
IPG Photonics Corp. (a)
   
2,634
     
471,512
 
Trimble, Inc. (a)
   
6,653
     
296,125
 
             
5,416,396
 
TOTAL COMMON STOCKS (Cost $17,411,317)
           
43,917,775
 
                 
MONEY MARKET FUND - 0.94%
               
Fidelity Government Portfolio, Class I, 0.05% (c)
   
418,322
     
418,322
 
TOTAL MONEY MARKET FUND (Cost $418,322)
           
418,322
 
                 
Total Investments (Cost $17,829,639) - 100.14%
           
44,336,097
 
Liabilities in Excess of Other Assets - (0.14)%
           
(62,135
)
TOTAL NET ASSETS - 100.00%
         
$
44,273,962
 

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 July 31, 2020.
   
 
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 July 31, 2020 (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, 2020:
     

Logan Capital Large Cap Growth Fund
 
Level 1
   
Level 2
   
Level 3
   
Total
 
                         
Common Stocks
                       
Communication Services
 
$
6,147,458
   
$
-
   
$
-
   
$
6,147,458
 
Consumer Discretionary
   
7,945,467
     
-
     
-
     
7,945,467
 
Consumer Staples
   
2,965,030
     
-
     
-
     
2,965,030
 
Financials
   
268,642
     
-
     
-
     
268,642
 
Health Care
   
3,627,583
     
-
     
-
     
3,627,583
 
Industrials
   
4,703,222
     
-
     
-
     
4,703,222
 
Information Technology
   
17,478,981
     
-
     
-
     
17,478,981
 
Materials
   
781,392
     
-
     
-
     
781,392
 
Total Common Stocks
   
43,917,775
     
-
     
-
     
43,917,775
 
Money Market Fund
   
418,322
     
-
     
-
     
418,322
 
Total Investments
 
$
44,336,097
   
$
-
   
$
-
   
$
44,336,097
 

Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.  For the period ended July 31, 2020,
 the Fund did not recognize any transfers to or from Level 3.