First Sentier American Listed Infrastructure Fund | |||||||
Schedule of Investments | |||||||
at July 31, 2021 (Unaudited) | |||||||
Shares | Value | ||||||
COMMON STOCKS: 78.59% | |||||||
Electric Utilities - 36.13% | |||||||
2,273 | Alliant Energy Corp. | $ | 133,039 | ||||
1,748 | Duke Energy Corp. | 183,732 | |||||
2,700 | Emera, Inc.^ | 125,932 | |||||
1,803 | Evergy, Inc. | 117,592 | |||||
2,001 | Eversource Energy | 172,626 | |||||
2,548 | Exelon Corp. | 119,246 | |||||
3,953 | FirstEnergy Corp. | 151,479 | |||||
5,946 | NextEra Energy, Inc. | 463,193 | |||||
2,319 | OGE Energy Corp. | 78,266 | |||||
1,460 | Pinnacle West Capital Corp. | 121,983 | |||||
591 | Southern Co. | 37,747 | |||||
2,869 | Xcel Energy, Inc. | 195,809 | |||||
1,900,644 | |||||||
Environmental & Facilities Services - 1.82% | |||||||
811 | Republic Services, Inc. | 95,990 | |||||
Gas Utilities - 1.77% | |||||||
945 | Atmos Energy Corp. | 93,168 | |||||
Multi-Utilities - 9.12% | |||||||
922 | Avista Corp. | 39,489 | |||||
3,581 | CenterPoint Energy, Inc. | 91,172 | |||||
3,596 | Dominion Energy, Inc. | 269,233 | |||||
682 | DTE Energy Co. | 80,012 | |||||
479,906 | |||||||
Oil & Gas Storage & Transportation - 7.75% | |||||||
1,202 | Cheniere Energy, Inc.* | 102,086 | |||||
321 | DT Midstream, Inc.* | 13,610 | |||||
11,507 | Kinder Morgan, Inc. | 199,992 | |||||
589 | ONEOK, Inc. | 30,610 | |||||
1,456 | Targa Resources Corp. | 61,312 | |||||
407,610 | |||||||
Railroads - 22.00% | |||||||
13,220 | CSX Corp. | 427,271 | |||||
96 | Kansas City Southern | 25,709 | |||||
1,497 | Norfolk Southern Corp. | 385,972 | |||||
1,455 | Union Pacific Corp. | 318,296 | |||||
1,157,248 | |||||||
TOTAL COMMON STOCKS (Cost $4,021,690) | 4,134,566 | ||||||
REITs: 19.47% | |||||||
Real Estate - 19.47% | |||||||
2,081 | American Tower Corp. | 588,507 | |||||
190 | CoreSite Realty Corp. | 26,260 | |||||
673 | Crown Castle International Corp. | 129,950 | |||||
336 | CyrusOne, Inc. | 23,947 | |||||
749 | SBA Communications Corp. | 255,401 | |||||
TOTAL REITs (Cost $866,406) | 1,024,065 | ||||||
Total Investments in Securities (Cost $4,888,096): 98.06% | 5,158,631 | ||||||
Other Assets in Excess of Liabilities: 1.94% | 101,800 | ||||||
Net Assets: 100.00% | $ | 5,260,431 | |||||
* Non-income producing security. | |||||||
^ Foreign issuer. | |||||||
REIT | Real Estate Investment Trust |
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. | |||
First Sentier American Listed Infrastructure Fund | ||||||||
Summary of Fair Value Disclosure at July 31, 2021 (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, 2021: |
First Sentier American Listed Infrastructure Fund | Level 1 | Level 2 | Level 3 | Total | ||||||||||||
Common Stocks | ||||||||||||||||
Energy | $ | 407,610 | $ | - | $ | - | $ | 407,610 | ||||||||
Industrials | 1,253,238 | - | - | 1,253,238 | ||||||||||||
Utilities | 2,473,718 | - | - | 2,473,718 | ||||||||||||
Total Common Stocks | 4,134,566 | - | - | 4,134,566 | ||||||||||||
REITs | 1,024,065 | - | - | 1,024,065 | ||||||||||||
Total Investments in Securities | $ | 5,158,631 | $ | - | $ | - | $ | 5,158,631 | ||||||||
Refer to the Fund’s schedule of investments for a detailed break-out of holdings by industry classification. |