Chase Growth Fund
 
Schedule of Investments
 
at December 31, 2022 (Unaudited)
 
           
Shares
     
Value
 
   
COMMON STOCKS - 97.9%
     
   
Agriculture - 2.8%
     
 
28,782
 
Corteva, Inc.
 
$
1,691,806
 
               
     
Auto Components - 2.8%
       
 
12,594
 
Visteon Corp. *
   
1,647,673
 
               
     
Auto/Auto Parts - 3.0%
       
 
717
 
AutoZone, Inc. *
   
1,768,251
 
               
     
Biotechnology - 1.5%
       
 
3,208
 
Vertex Pharmaceuticals, Inc. *
   
926,406
 
               
     
Brokerage - 5.7%
       
 
17,193
 
Interactive Brokers Group, Inc. - Class A
   
1,243,914
 
 
9,900
 
LPL Financial Holdings, Inc.
   
2,140,083
 
           
3,383,997
 
     
Business Services - 2.3%
       
 
8,142
 
ExlService Holdings, Inc. *
   
1,379,499
 
               
     
Computer - Networking - 1.5%
       
 
7,162
 
Arista Networks, Inc. *
   
869,109
 
               
     
Computer Hardware - 4.5%
       
 
20,711
 
Apple, Inc.
   
2,690,980
 
               
     
Computer Software - 7.0%
       
 
4,109
 
Autodesk, Inc. *
   
767,849
 
 
14,180
 
Microsoft Corp.
   
3,400,647
 
           
4,168,496
 
     
Computer Software & Services - 2.3%
       
 
15,012
 
Amdocs Ltd. +
   
1,364,591
 
               
     
Conglomerates - 3.2%
       
 
8,208
 
Carlisle Companies, Inc.
   
1,934,215
 
               
     
Containers - 2.0%
       
 
53,101
 
Graphic Packaging Holding Co.
   
1,181,497
 
               
     
Drugs - Proprietary - 4.8%
       
 
12,730
 
AbbVie, Inc.
   
2,057,295
 
 
5,598
 
Zoetis, Inc. - Class A
   
820,387
 
           
2,877,682
 
     
Electrical Components - 1.4%
       
 
6,535
 
WESCO International, Inc. *
   
818,182
 
               
     
Energy/Oil & Gas Exploration & Production - 1.7%
       
 
4,453
 
Pioneer Natural Resources Co.
   
1,017,021
 
               
     
Energy/Solar - 3.4%
       
 
7,580
 
Enphase Energy, Inc. *
   
2,008,397
 
               
     
Engineering/Construction - 4.5%
       
 
8,513
 
Quanta Services, Inc.
   
1,213,102
 
 
4,452
 
Valmont Industries, Inc.
   
1,472,143
 
           
2,685,245
 
     
Finance/Information Services - 1.6%
       
 
4,738
 
Visa, Inc. - Class A
   
984,367
 
               
     
Financial Services - Diversified - 1.3%
       
 
5,420
 
American Express Co.
   
800,805
 
               
     
 Food - 1.9%
       
 
12,850
 
Lamb Weston Holdings, Inc.
   
1,148,276
 
               
     
Food & Staples Retailing - 2.4%
       
 
21,504
 
BJ's Wholesale Club Holdings, Inc. *
   
1,422,705
 
               
     
Footwear - 5.1%
       
 
18,390
 
Crocs, Inc. *
   
1,994,028
 
 
2,690
 
Deckers Outdoor Corp. *
   
1,073,740
 
           
3,067,768
 
     
Health Care Benefits - 1.9%
       
 
2,155
 
UnitedHealth Group, Inc.
   
1,142,538
 
               
     
Health Care Distribution - 1.2%
       
 
4,470
 
AmerisourceBergen Corp.
   
740,724
 
               
     
Industrial Distributors - 3.2%
       
 
3,459
 
W. W. Grainger, Inc.
   
1,924,069
 
               
     
Insurance - Property/Casualty/Title - 2.9%
       
 
14,227
 
Arch Capital Group, Ltd. *+
   
893,171
 
 
2,483
 
Everest Re Group, Ltd. +
   
822,544
 
           
1,715,715
 
     
Internet Software & Services - 3.4%
       
 
23,000
 
Alphabet, Inc. - Class A *
   
2,029,290
 
               
     
Machinery - 2.4%
       
 
12,715
 
Toro Co.
   
1,439,338
 
               
     
Railroad - 1.6%
       
 
12,631
 
Canadian Pacific Railway, Ltd. +
   
942,146
 
               
     
Retail - Discount - 2.3%
       
 
9,898
 
Dollar Tree, Inc. *
   
1,399,973
 
               
     
Retail - Specialty - 2.9%
       
 
3,646
 
Ulta Beauty, Inc. *
   
1,710,229
 
               
     
Semiconductors - 3.4%
       
 
13,752
 
NVIDIA Corp.
   
2,009,717
 
               
     
Steel - 3.9%
       
 
34,670
 
Howmet Aerospace, Inc.
   
1,366,345
 
 
27,515
 
Tenaris S.A. - ADR
   
967,427
 
           
2,333,772
 
     
Utilities Electric/Gas - 2.1%
       
 
19,753
 
National Fuel Gas Co.
   
1,250,365
 
               
     
TOTAL COMMON STOCKS (Cost $48,227,175)
   
58,474,844
 
               
     
MONEY MARKET FUND - 2.3%
       
 
1,379,073
 
Invesco STIT Treasury Portfolio - Institutional Class, 4.20% #
   
1,379,073
 
     
TOTAL MONEY MARKET FUND (Cost $1,379,073)
   
1,379,073
 
     
Total Investments in Securities (Cost $49,606,248) - 100.2%
   
59,853,917
 
     
Liabilities in Excess of Other Assets - (0.2)%
   
(108,015
)
     
NET ASSETS - 100.0%
 
$
59,745,902
 
   
ADR
 
American Depository Receipt
       
 
*
 
Non-income producing security.
       
 
+
 
U.S. traded security of a foreign issuer.
       
 
#
 
Rate shown is the 7-day annualized yield as of December 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 U.S. Bancorp Fund Services, LLC.
 
     

Chase Growth Fund
               
Summary of Fair Value Disclosure at December 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 December 31, 2022:
     

   
Level 1
   
Level 2
   
Level 3
   
Total
 
                         
Common Stocks
                       
Communication Services
 
$
2,029,290
   
$
-
   
$
-
   
$
2,029,290
 
Consumer Discretionary
   
9,593,895
     
-
     
-
     
9,593,895
 
Consumer Staples
   
2,570,981
     
-
     
-
     
2,570,981
 
Energy
   
1,984,448
     
-
     
-
     
1,984,448
 
Financials
   
5,900,516
     
-
     
-
     
5,900,516
 
Health Care
   
5,687,350
     
-
     
-
     
5,687,350
 
Industrials
   
11,109,540
     
-
     
-
     
11,109,540
 
Materials
   
2,873,303
     
-
     
-
     
2,873,303
 
Technology
   
15,475,156
     
-
     
-
     
15,475,156
 
Utilities
   
1,250,365
     
-
     
-
     
1,250,365
 
Total Common Stocks
   
58,474,844
     
-
     
-
     
58,474,844
 
Money Market Fund
   
1,379,073
     
-
     
-
     
1,379,073
 
Total Investments in Securities
 
$
59,853,917
   
$
-
   
$
-
   
$
59,853,917
 
                                 
Refer to the Fund’s schedule of investments for a detailed break-out of common stocks by industry classification.