NPORT-EX 2 large-cap.htm

Jackson Square Large-Cap Growth Fund
  
Schedule of Investments
  
as of January 31, 2024 (Unaudited)
  
   
COMMON STOCKS - 99.1%
  
Shares
    
Value
  
Communication Services - 4.2%
        
Alphabet - Class A(a)
    
63,689
    
$
8,922,829
  
                 
Consumer Discretionary - 9.8%
          
Amazon.com(a)
    
104,116
      
16,158,803
  
NIKE - Class B
    
44,604
      
4,528,644
  
             
20,687,447
  
                 
Financials - 20.3%
          
CME Group
    
44,313
      
9,121,388
  
KKR & Co.
    
62,515
      
5,412,549
  
Mastercard - Class A
    
24,718
      
11,104,067
  
S&P Global
    
15,923
      
7,139,077
  
Visa - Class A
    
36,644
      
10,013,339
  
             
42,790,420
  
                 
Health Care - 14.8%
          
Danaher
    
20,676
      
4,960,379
  
Edwards Lifesciences(a)
    
82,273
      
6,455,962
  
Eli Lilly & Co.
    
5,410
      
3,492,750
  
Intuitive Surgical(a)
    
15,408
      
5,827,614
  
IQVIA Holdings(a)
    
18,116
      
3,772,295
  
Veeva Systems - Class A(a)
    
32,405
      
6,721,121
  
             
31,230,121
  
                 
Industrials - 16.9%
          
Boeing(a)
    
34,088
      
7,193,932
  
Canadian Pacific Kansas City
    
102,707
      
8,264,832
  
Copart(a)
    
95,670
      
4,595,987
  
Uber Technologies(a)
    
119,724
      
7,814,385
  
Waste Management
    
42,324
      
7,856,604
  
             
35,725,740
  
                 
Information Technology - 29.1%(b)
          
Advanced Micro Devices, Inc.(a)
    
40,363
      
6,768,471
  
Datadog - Class A(a)
    
24,956
      
3,105,525
  
Microsoft
    
67,962
      
27,020,332
  
NVIDIA
    
19,804
      
12,184,807
  
ServiceNow(a)
    
10,509
      
8,043,589
  
Workday - Class A(a)
    
14,681
      
4,273,199
  
             
61,395,923
  
                 
Materials - 4.0%
          
Corteva
    
75,019
      
3,411,864
  
Linde PLC
    
12,518
      
5,067,662
  
             
8,479,526
  
TOTAL COMMON STOCKS (Cost $145,339,614)
      
209,232,006
  
                 
TOTAL INVESTMENTS - 99.1% (Cost $145,339,614)
    
$
209,232,006
  
Money Market Deposit Account - 1.1%(c)
      
2,286,395
  
Liabilities in Excess of Other Assets - (0.2)%
      
(359,779
)
TOTAL NET ASSETS - 100.0%
          
$
211,158,622
  
               
Percentages are stated as a percent of net assets.
          
   
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 U.S. Bank Global Fund Services.
  

PLC - Public Limited Company

(a)
Non-income producing security.
(b)
To the extent that the Fund invests more heavily in a particular industry or sector of the economy, its performance will be especially sensitive to developments that significantly affect those industries or sectors.
(c)
The U.S. Bank Money Market Deposit Account (the “MMDA”) is a short-term vehicle in which the Fund holds cash balances. The MMDA will bear interest at a variable rate that is determined based on market conditions and is subject to change daily.
The rate as of January 31, 2024 was 3.27%.


Summary of Fair Value Exposure
 
The Fund has adopted authoritative fair value accounting standards which establish an authoritative definition of fair value and set out a hierarchy for measuring fair value.  These standards require additional disclosures about the various inputs and valuation techniques used to develop the measurements of fair value, a discussion in changes in valuation techniques and related inputs during the period and expanded disclosure of valuation Levels for major security types.  These inputs are summarized in the three broad Levels listed below:
 
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 inputs or methodology used for valuing securities are not an indication of the risk associated with investing in those securities.
 
The following is a summary of the inputs used to value the Fund's securities as of January 31, 2024:
 
Jackson Square Large-Cap Growth Fund
  
   
Level 1
    
Level 2
    
Level 3
    
Total
  
Investments:
                        
  Common Stocks
  
$
209,232,006
    
$
–
    
$
–
    
$
209,232,006
  
Total Investments
  
$
209,232,006
    
$
–
    
$
–
    
$
209,232,006
  
                                 
Refer to the Schedule of Investments for industry classifications.