0001145549-24-001868.txt : 20240112 0001145549-24-001868.hdr.sgml : 20240112 20240112125945 ACCESSION NUMBER: 0001145549-24-001868 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231031 FILED AS OF DATE: 20240112 DATE AS OF CHANGE: 20240112 EFFECTIVENESS DATE: 20240112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Managed Portfolio Series CENTRAL INDEX KEY: 0001511699 ORGANIZATION NAME: IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-22525 FILM NUMBER: 24531401 BUSINESS ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 BUSINESS PHONE: 414-287-3700 MAIL ADDRESS: STREET 1: 615 EAST MICHIGAN STREET CITY: MILWAUKEE STATE: WI ZIP: 53202 0001511699 S000052863 Jackson Square SMID-Cap Growth Fund C000166271 Investor Class JSMVX C000166272 Institutional Class JSMTX C000166273 IS Class DCGTX 0001511699 S000052864 Jackson Square Large-Cap Growth Fund C000166274 Investor Class JSPJX C000166275 Institutional Class JSPIX C000166276 IS Class DPLGX 0001511699 S000074719 V-SHARES US Leadership Diversity ETF C000232844 V-SHARES US Leadership Diversity ETF VDNI 0001511699 S000076256 V-Shares MSCI World ESG Materiality and Carbon Transition ETF C000235801 V-Shares MSCI World ESG Materiality and Carbon Transition ETF VMAT N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001511699 XXXXXXXX true false false N-1A S000052864 true S000052863 true S000074719 true S000076256 true Managed Portfolio Series 811-22525 0001511699 254900SQ3GG01NP4WM65 615 East Michigan Street Milwaukee 53202 US-WI US 4145161712 U.S. Bancorp Fund Services, LLC 615 E. Michigan St. Milwaukee 53202 18336121912 Transfer agency, fund accounting and fund administration data U.S. Bank National Association 1555 N. Rivercenter Drive Suite 302 Milwaukee 53212 18336121912 Custody data Quasar Distributors, LLC 111 East Kilbourn Avenue Suite 2200 Milwaukee 53202 12075537110 Distribution data Foreside Fund Services, LLC Three Canal Plaza Suite 100 Portland 04101 12075537110 Distribution Data Tidal Investments LLC 234 West Florida Street Suite 203 Milwaukee 53204 18449867676 Adviser data Coho Partners, Ltd. 300 Berwyn Park 801 Cassatt Road, Suite 100 Berwyn 19312 18662646234 Adviser data CornerCap Investment Counsel Inc. 1355 Peachtree Street NE Suite 1700 Atlanta 30309 14048700700 Adviser data Cove Street Capital, LLC 525 South Douglas St Suite 225 El Segundo 90245 18664970097 Adviser data Principal Street Partners, LLC 949 S. Shady Grove Road Suite 402 Memphis 38120 18779147343 Adviser data Jackson Square Partners, LLC One Letterman Drive Building A, Suite A3-200 San Francisco 94129 18445773863 Adviser data Lawson Kroeker Investment Management, Inc. 1926 South 67th Street Suite 201 Omaha 68106 18556981378 Adviser data Muhlenkamp & Company, Inc. 5000 Stonewood Drive Suite 300 Wexford 15090 18008603863 Adviser data Nuance Investments LLC 4900 Main Street Suite 220 Kansas City 64112 18556826233 Adviser data Olstein Capital Management, L.P. 4 Manhattanville Road Suite 204 Purchase 10577 18007992113 Adviser data Port Street Investments, LLC 24 Corporate Plaza Suite 150 Newport Beach 92660 18553696220 Adviser data Saratoga Research & Investment Management 14471 Big Basin Way Suite E Saratoga 95070 18553696220 Adviser data Reinhart Partners, LLC 11090 North Weston Drive Mequon 53092 18557743863 Adviser data Tortoise Index Solutions, LLC. 6363 College Boulevard Suite 100A Overland Park 66211 18448746339 Adviser data Tortoise Capital Advisors, LLC 6363 College Boulevard Suite 100A Overland Park 66211 18558223863 Adviser data Exchange Traded Concepts, LLC 10900 Hefner Pointe Drive Suite 401 Oklahoma City 73120 14057788377 Adviser data Ecofin Advisors Limited 15 Buckingham Street Charing Cross London GB WC2N 6DU 4402074512941 Adviser data V-Square Quantitative Management 320 N. Sangamon St. Suite 1250 Chicago 60607 18448746339 Adviser data Kensington Asset Management LLC 901 S. Mopac Expy Suite 225 Austin 78746 18778911222 Adviser data Ecofin Advisors LLC 6363 College Boulevard Suite 100A Overland Park 66211 18558223863 Adviser data Liquid Strategies, LLC 3550 Lenox Rd Suite 2550 Atlanta 30326 4402074512941 Adviser data Vident Investment Advisory, LLC 1125 Sanctuary Parkway Suite 515 Alpharetta 30009 14042671501 Adviser data N N N N-1A 31 Y Robert Kern N/A N Leonard Rush 000726159 N David Massart 002332208 N David Swanson N/A N Deborah Ward N/A 615 E. 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Inc. 8-15869 000008209 9R7GPTSO7KV3UQJZQ078 11562277.000000000000 Barclay Investments, LLC 8-16935 000006159 254900YRC13GGERHVR90 3459437.000000000000 56327523.000000000000 Y 847031259.000000000000 Uncommitted 75000000.000000000000 N N N V-Shares US Leadership Diversity ETF S000074719 549300MTQZLKB27GNY26 N 1 1 0 Exchange-Traded Fund N N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 6c-11 (17 CFR 270.6c-11) N N N N V-Square Quantitative Management, LLC 801-119868 000310355 549300M5KPPKPYC4K434 N Vident Investment Advisory, LLC 801-80534 000171004 254900XSZB691Z1A6X78 N N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Direct Trading Institutional 8-68193 000149823 549300RA02N3BNSWBV74 20.000000000000 VIRTU AMERICAS LLC 8-68193 000149823 549300RA02N3BNSWBV74 20.000000000000 20.000000000000 0.000000000000 N 1130404.000000000000 N N N N V-Shares MSCI World ESG Materiality and Carbon Transition ETF S000076256 549300Q8LI1KRJ9H9411 N 1 1 0 Exchange-Traded Fund Y N Y N N/A N/A N/A Rule 12d1-1 (17 CFR 270.12d1-1) Rule 6c-11 (17 CFR 270.6c-11) N N N N V-Square Quantitative Management, LLC 801-119868 000310355 549300M5KPPKPYC4K434 N Vident Investment Advisory, LLC 801-80534 000171004 254900XSZB691Z1A6X78 N N U.S. Bancorp Fund Services, LLC 85-11357 N1GZ7BBF3NP8GI976H15 N N N Intercontinental Exchange Inc. 5493000F4ZO33MV32P92 N N U.S. Bank National Association 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) The Bank of New York Mellon HPFHU0OQ28E4N0NFVK49 N Y Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N N U.S. Bancorp Fund Services, LLC N1GZ7BBF3NP8GI976H15 N N N Baypoint Trading LLC 8-65473 000122225 549300GTG9PL6WO3EC51 375.000000000000 375.000000000000 0.000000000000 N 2540230.000000000000 N N N N V-Shares US Leadership Diversity ETF S000074719 Y 25000.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 0.000000000000 N/A 0.000000000000 N/A N/A 0.000000000000 N/A N/A N/A N/A N/A N/A N/A Y V-Shares MSCI World ESG Materiality and Carbon Transition ETF S000076256 Y 50000.000000000000 0.583900000000 0.000000000000 99.416000000000 0.000000000000 0.583900000000 0.000000000000 99.416000000000 0.000000000000 N/A 2250.000000000000 N/A N/A 2250.000000000000 N/A N/A N/A N/A N/A N/A N/A Y true INTERNAL CONTROL RPT 2 internal-control.htm INTERNAL-CONTROL

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

To the Shareholders and Jackson Square Funds and V-Shares ETFs
Board of Trustees of Managed Portfolio Series

In planning and performing our audit of the financial statements of Jackson Square Large-Cap Growth Fund, Jackson Square SMID-Cap Growth Fund (collectively “Jackson Square Funds”), V-Shares US Leadership Diversity ETF, and V-Shares MSCI World ESG Materiality and Carbon Transition ETF (collectively “V-Shares ETFs”) (the “Funds”) as of and for the year ended October 31, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds’ internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Funds’ internal control over financial reporting.  Accordingly, we express no such opinion.

The management of the Funds is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A fund’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A fund’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the fund; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis.  A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Funds’ annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Funds’ internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the PCAOB.  However, we noted no deficiencies in the Funds’ internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of October 31, 2023.

This report is intended solely for the information and use of management and the Board of Trustees of the Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.


/s/ COHEN & COMPANY, LTD.
Milwaukee, Wisconsin
December 27, 2023