Chase Growth Fund
  
Schedule of Investments - December 31, 2023 (Unaudited)
  
Shares
      
Value
  
   
Common Stocks —97.7%
      
   
Asset Management — 2.6%
      
 
14,756
  
Ares Management Corp. - Class A 
  
$
1,754,784
  
               
     
Auto/Auto Parts — 2.9%
        
 
9,686
  
Autoliv, Inc. 
    
1,067,301
  
 
990
  
O'Reilly Automotive, Inc. (a) 
    
940,579
  
           
2,007,880
  
               
     
Biotechnology — 1.7%
        
 
2,788
  
Vertex Pharmaceuticals, Inc. (a) 
    
1,134,409
  
               
     
Building — 4.2%
        
 
6,793
  
Comfort Systems USA, Inc. 
    
1,397,116
  
 
3,016
  
Martin Marietta Materials, Inc. 
    
1,504,713
  
           
2,901,829
  
               
     
Building Products — 1.6%
        
 
5,256
  
EMCOR Group, Inc. 
    
1,132,300
  
               
     
Business Services — 1.7%
        
 
17,911
  
CBIZ, Inc. (a) 
    
1,121,050
  
               
     
Computer - Networking — 2.9%
        
 
8,487
  
Arista Networks, Inc. (a) 
    
1,998,773
  
               
     
Computer Hardware — 3.6%
        
 
12,953
  
Apple, Inc. 
    
2,493,841
  
               
     
Computer Software — 15.1%
        
 
9,011
  
CrowdStrike Holdings, Inc. - Class A  (a) 
    
2,300,688
  
 
9,796
  
Microsoft Corp. 
    
3,683,688
  
 
4,711
  
Salesforce, Inc. (a) 
    
1,239,653
  
 
11,756
  
SAP SE - ADR 
    
1,817,360
  
 
4,849
  
Workday, Inc. - Class A  (a) 
    
1,338,615
  
           
10,380,004
  
               
     
Electrical Equipment — 2.3%
        
 
33,203
  
Vertiv Holdings Co. - Class A 
    
1,594,740
  
               
     
Energy, Oil & Gas Exploration & Production — 1.5%
        
 
17,398
  
Imperial Oil Ltd. 
    
994,991
  
               
     
Energy/Integrated — 1.3%
        
 
72,412
  
Antero Midstream Corp. 
    
907,322
  
               
     
Energy/Oil Service — 1.5%
        
 
68,153
  
Archrock, Inc. 
    
1,049,556
  
               
     
Engineering/Construction — 2.4%
        
 
7,605
  
Quanta Services, Inc. 
    
1,641,159
  
               
     
Finance/Information Services — 5.9%
        
 
4,913
  
FLEETCOR Technologies, Inc. (a) 
    
1,388,463
  
 
10,329
  
Visa, Inc. - Class A 
    
2,689,155
  
           
4,077,618
  
               
     
Financial Services - Diversified — 4.3%
        
 
5,169
  
Berkshire Hathaway, Inc. - Class B  (a) 
    
1,843,576
  
 
15,624
  
Loews Corp. 
    
1,087,274
  
           
2,930,850
  
               
     
Footwear — 2.3%
        
 
2,413
  
Deckers Outdoor Corp. (a) 
    
1,612,922
  
               
     
Health Care Distribution — 1.5%
        
 
2,285
  
McKesson Corp. 
    
1,057,909
  
               
     
Health Care Services — 1.8%
        
 
4,129
  
Medpace Holdings, Inc. (a) 
    
1,265,662
  
               
     
Hotel/Motel — 1.6%
        
 
6,074
  
Hilton Worldwide Holdings Inc. 
    
1,106,015
  
               
     
Insurance - Property/Casualty/Title — 1.4%
        
 
13,136
  
Arch Capital Group Ltd. (a) 
    
975,611
  
               
     
Internet Retail — 8.1%
        
 
20,670
  
Amazon.com, Inc. (a) 
    
3,140,600
  
 
684
  
Booking Holdings, Inc. (a) 
    
2,426,298
  
           
5,566,898
  
               
     
Internet Software & Services — 8.0%
        
 
21,663
  
Alphabet, Inc. - Class A  (a) 
    
3,026,105
  
 
6,970
  
Meta Platforms, Inc. - Class A  (a) 
    
2,467,101
  
           
5,493,206
  
               
     
Machinery — 1.7%
        
 
29,114
  
Flowserve Corp. 
    
1,200,079
  
               
     
Retail - Apparel — 1.7%
        
 
2,336
  
lululemon athletica inc. (a) 
    
1,194,373
  
               
     
Retail - Discount — 3.7%
        
 
8,168
  
Ross Stores, Inc. 
    
1,130,369
  
 
14,992
  
TJX Companies, Inc. 
    
1,406,400
  
           
2,536,769
  
               
     
Security — 1.7%
        
 
33,242
  
API Group Corp. (a) 
    
1,150,173
  
               
     
Semiconductors — 6.3%
        
 
1,249
  
Broadcom, Inc. 
    
1,394,196
  
 
5,975
  
NVIDIA Corp. 
    
2,958,940
  
           
4,353,136
  
               
     
Steel — 2.4%
        
 
30,220
  
Howmet Aerospace, Inc. 
    
1,635,506
  
     
Total Common Stocks (Cost $46,529,981) 
    
67,269,365
  
               
Shares
            
     
 Money Market Fund — 2.4%
        
 
1,620,097
  
Invesco STIT Treasury Portfolio, Institutional Class, 5.27% (b) 
    
1,620,097
  
     
Total Money Market Fund (Cost $1,620,097) 
    
1,620,097
  
     
Total Investments (Cost $48,150,078) — 100.1%
    
68,889,462
  
     
 Liabilities in Excess of Other Assets — (0.1)% 
    
(62,353
)
     
Total Net Assets — 100.00% 
  
$
68,827,109
  
               
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 U.S. Bank Global Fund Services.
  

ADR - American Depositary Receipt

(a)
Non-income producing security.
(b)
Rate shown represents the 7-day annualized yield as of December 31, 2023.
Summary of Fair Value Disclosure at December 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 December 31, 2023:

Chase Growth Fund
  
Summary of Fair Value Disclosure at December 31, 2023 (Unaudited)
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Common Stocks
                        
Communication Services
  
$
5,493,206
    
$
–
    
$
–
    
$
5,493,206
  
Consumer Discretionary
    
14,024,856
      
–
      
–
      
14,024,856
  
Energy
    
2,951,870
      
–
      
–
      
2,951,870
  
Financials
    
9,738,862
      
–
      
–
      
9,738,862
  
Health Care
    
3,457,981
      
–
      
–
      
3,457,981
  
Industrials
    
10,872,123
      
–
      
–
      
10,872,123
  
Materials
    
1,504,713
      
–
      
–
      
1,504,713
  
Technology
    
19,225,754
      
–
      
–
      
19,225,754
  
Total Common Stocks
    
67,269,365
      
–
      
–
      
67,269,365
  
Money Market Fund
    
1,620,097
      
–
      
–
      
1,620,097
  
Total Investments
  
$
68,889,462
    
$
–
    
$
–
    
$
68,889,462
  
   
Refer to the Fund's schedule of investments for a detailed break-out of securities by industry classification.