Schedule of Investments | |||||||
May 31, 2021 (unaudited) | |||||||
MP 63 Fund | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 97.22% | |||||||
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Aerospace/Aircraft/Defense - 3.89% |
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The Boeing Co. |
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| 5,085 |
| 1,256,097 | |
Raytheon Technologies Corp. |
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| 28,491 |
| 2,527,437 | ||
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| 3,783,534 |
Auto Parts-Retail/Wholesale - 1.52% |
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Genuine Parts Co. |
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| 11,265 |
| 1,477,067 | |
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Banks-Money Center - 5.11% |
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Bank of America Corp. |
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| 42,341 |
| 1,794,835 | |
Truist Financial Corp. |
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| 21,665 |
| 1,338,464 | |
US Bancorp |
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| 30,320 |
| 1,842,850 |
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| 4,976,149 |
Beverages-Alcoholic/Soft Drink - 2.77% |
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The Coca-Cola Co. |
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| 24,980 |
| 1,381,144 | |
PepsiCo, Inc. |
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| 8,910 |
| 1,318,145 |
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| 2,699,289 |
Biological Products - 0.37% |
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Gilead Sciences, Inc. |
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| 5,520 |
| 364,927 | |
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Cable & Other Pay Television Services - 1.74% |
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Comcast Corp. Class A |
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| 29,545 |
| 1,694,110 | |
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Chemicals-Diversified - 2.07% |
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RPM International, Inc. |
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| 21,517 |
| 2,012,485 | |
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Commercial Services - 1.67% |
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Ecolab, Inc. |
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| 7,576 |
| 1,629,446 |
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Communications Equipment - 1.60% |
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Qualcomm, Inc. |
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| 11,580 |
| 1,557,973 | |
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Containers-Paper/Plastic - 1.19% |
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Amcor PLC (Jersey) |
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| 98,260 |
| 1,159,468 | |
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Cosmetics & Personal Care - 1.20% |
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Colgate-Palmolive Co. |
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| 13,977 |
| 1,170,993 | |
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Diversified Operations - 3.21% |
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3M Co. |
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| 6,567 |
| 1,333,364 |
Corning, Inc. |
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| 41,167 |
| 1,796,116 |
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| 3,129,480 |
Electronic Equipment - 2.25% |
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Carrier Global Corp. |
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| 11,445 |
| 525,669 | |
Emerson Electric Co. |
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| 17,400 |
| 1,665,006 | |
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| 2,190,675 |
Electronic-Semiconductors - 1.88% |
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Intel Corp. |
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| 32,030 |
| 1,829,554 |
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Financial Services Misc - 2.38% |
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American Express Co. |
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| 4,630 |
| 741,402 | |
Paychex, Inc. |
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| 15,610 |
| 1,578,795 |
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| 2,320,197 |
Food-Misc Preparation - 4.94% |
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Archer-Daniels-Midland Co. |
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| 20,615 |
| 1,371,516 | ||
Conagra Brands, Inc. |
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| 30,397 |
| 1,158,126 | |
General Mills, Inc. |
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| 14,830 |
| 932,214 | |
Hormel Foods Corp. |
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| 27,708 |
| 1,344,946 | |
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| 4,806,802 |
General Household Appliances - 2.17% |
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Stanley Black & Decker, Inc. |
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| 9,753 |
| 2,114,450 | ||
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Healthcare - 1.32% |
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AbbVie, Inc. |
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| 7,837 |
| 887,148 |
UnitedHealth Group, Inc. |
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| 955 |
| 393,384 | |
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| 1,280,532 |
Insurance-Life/Property/Casual - 3.02% |
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AFLAC, Inc. |
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| 22,740 |
| 1,288,903 |
The Travelers Companies, Inc. |
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| 10,354 |
| 1,653,534 | ||
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| 2,942,437 |
Leisure Products - 1.20% |
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Polaris, Inc. |
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| 8,866 |
| 1,163,397 |
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Leisure Services - 1.35% |
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The Walt Disney Co. (2) |
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| 7,366 |
| 1,315,936 | |
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Machinery-Constrct/Mining/Farm - 4.44% |
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Caterpillar, Inc. |
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| 8,977 |
| 2,164,175 | |
Deere & Co. |
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| 5,986 |
| 2,161,545 |
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| 4,325,720 |
Machinery-Electrical Eqpmt - 4.14% |
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Dover Corp. |
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| 12,469 |
| 1,876,584 |
Johnson Controls International PLC (Ireland) |
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| 10,730 |
| 713,974 | ||
Tennant Co. |
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| 17,448 |
| 1,443,648 |
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| 4,034,206 |
Manufacturing - 2.13% |
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Illinois Tool Works, Inc. |
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| 8,933 |
| 2,070,312 | |
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Medical/Dental-Supplies - 1.85% |
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Becton Dickinson & Co. |
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| 7,455 |
| 1,803,290 | |
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Medical Instruments/Products - 1.65% |
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Medtronic PLC (Ireland) |
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| 12,720 |
| 1,610,225 | |
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Medical-Drugs - 5.04% |
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Abbott Laboratories |
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| 14,945 |
| 1,743,334 | |
Johnson & Johnson |
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| 11,118 |
| 1,881,722 | |
Merck & Co., Inc. |
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| 9,987 |
| 757,913 | |
Pfizer, Inc. |
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| 13,590 |
| 526,341 |
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| 4,909,310 |
National Commercial Banks - 1.35% |
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JPMorgan Chase & Co. |
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| 7,990 |
| 1,312,276 | |
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Paper & Paper Products - 1.45% |
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Kimberly Clark Corp. |
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| 10,790 |
| 1,409,498 | |
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Petroleum Refining - 1.23% |
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Chevron Corp. |
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| 1,901 |
| 197,305 | |
Exxon Mobile Corp. |
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| 17,200 |
| 1,003,964 | |
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| 1,201,269 |
Refuse Systems - 1.68% |
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Waste Management, Inc. |
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| 11,610 |
| 1,633,295 | |
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Retail-Catalog & Mail Order Houses - 0.74% |
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Amazon.com, Inc. (2) |
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| 222 |
| 715,522 | |
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Retail-Food & Restaurant - 2.11% |
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Starbucks Corp. |
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| 7,578 |
| 862,983 | |
Yum! Brands, Inc. |
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| 9,925 |
| 1,190,702 | |
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| 2,053,685 |
Retail-Variety Stores - 1.70% |
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Costco Wholesale Corp. |
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| 4,374 |
| 1,654,553 | |
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Retail/Wholesale-Bldg Products - 2.02% |
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The Home Depot, Inc. |
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| 6,180 |
| 1,970,864 | |
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Services-Computer Programming, Data Processing, Etc- 1.49% |
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Alphabet, Inc. Class A |
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| 616 |
| 1,451,820 | |
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Services-Prepackaged Software - 2.41% |
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Microsoft Corp. |
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| 9,395 |
| 2,345,744 | |
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Shoes & Related Apparel - 0.97% |
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Nike, Inc. Class B |
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| 6,942 |
| 947,305 | |
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Soap, Detergent, Cleaning Preparations, perfumes, Cosmetics - 1.62% |
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The Procter & Gamble Co. |
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| 11,693 |
| 1,576,801 | ||
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Telecommunications Services - 1.28% |
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AT&T, Inc. |
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| 30,620 |
| 901,147 |
Verizon Communications, Inc. |
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| 6,100 |
| 344,589 | ||
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| 1,245,736 |
Textile-Apparel/Mill Products - 1.23% |
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VF Corp. |
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| 15,000 |
| 1,195,800 |
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Transportation-Railroads - 2.15% |
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Union Pacific Corp. |
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| 9,321 |
| 2,094,708 | |
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Utility-Electric - 4.97% |
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Dominion Energy, Inc. |
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| 9,689 |
| 737,720 | |
Duke Energy Corp. |
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| 12,931 |
| 1,295,945 | |
MDU Resources Group, Inc. |
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| 26,040 |
| 876,506 | ||
NextEra Energy, Inc. |
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| 26,296 |
| 1,925,393 | |
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| 4,835,564 |
Utility-Gas Distribution - 0.85% |
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National Fuel Gas Co. |
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| 15,910 |
| 825,570 | |
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Utility-Water - 1.84% |
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Essential Utilities, Inc. |
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| 37,545 |
| 1,794,651 | |
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Total Common Stock |
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| (Cost $ 39,498,842) |
| 94,636,625 | |
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Limited Partnerships - 0.88% | |||||||
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Natural Gas Transmissions - 0.51% |
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Enterprise Products Partners, L.P. |
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| 21,000 |
| 495,810 | ||
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Pipe Lines (No Natural Gas) - 0.37% |
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Magellan Midstream Partners, L.P. |
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| 7,300 |
| 359,817 | ||
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Total Limited Partnerships | (Cost $ 777,511) |
| 855,627 | ||||
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Real Estate Investment Trusts - 0.34% | |||||||
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Simon Property Group, Inc. | 2,600 |
| 334,074 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 268,104) |
| 334,074 | ||||
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Money Market Registered Investment Companies - 1.15% | |||||||
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Fidelity Investments Money Market Funds - Government Portfolio, Class I 0.01% (3) | 1,120,680 |
| 1,120,680 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 1,120,680) |
| 1,120,680 | ||||
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Total Investments - 99.59% | (Cost $ 41,665,137) |
| 96,947,006 | ||||
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Other Assets less Liabilities - .41% |
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| 396,225 | ||||
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Total Net Assets - 100.00% |
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| 97,343,231 | ||||
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(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. | |||||||
These inputs are summarized in the three broad levels listed below. | |||||||
Level 1 - quoted prices in active markets for identical securities | |||||||
Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | |||||||
Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | |||||||
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The following is a summary of the inputs used as of May 31, 2021 in valuing the Fund's assets carried at fair value: | |||||||
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| Investments in |
| Other Financial |
Valuation Inputs |
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| Securities |
| Instruments | |
Level 1 - Quoted Prices |
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| $ | 96,947,006 | $ | - | |
Level 2 - Other Significant Observable Inputs |
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| - |
| - | ||
Level 3 - Significant Unobservable Inputs |
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| - | ||
Total |
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| $ | 96,947,006 | $ | - |
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The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | |||||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | |||||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | |||||||
market, such securities are reflected as Level 2. | |||||||
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(2) Represents non-income producing securities. | |||||||
(3) Investment in affiliate. The yield shown represents the 7-day yield in effect at May 31, 2021. |