0001162044-22-000548.txt : 20220429 0001162044-22-000548.hdr.sgml : 20220429 20220429130916 ACCESSION NUMBER: 0001162044-22-000548 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220228 FILED AS OF DATE: 20220429 PERIOD START: 20221130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSS Series Trust CENTRAL INDEX KEY: 0001368578 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21927 FILM NUMBER: 22872913 BUSINESS ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 BUSINESS PHONE: 440-922-0066 MAIL ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 FORMER COMPANY: FORMER CONFORMED NAME: AMM FUNDS DATE OF NAME CHANGE: 20071002 FORMER COMPANY: FORMER CONFORMED NAME: FALLEN ANGELS FAMILY OF FUNDS DATE OF NAME CHANGE: 20070611 FORMER COMPANY: FORMER CONFORMED NAME: American Money Management Funds DATE OF NAME CHANGE: 20060710 0001368578 S000067243 Towpath Focus Fund C000216314 Institutional Share Class TOWFX NPORT-P 1 primary_doc.xml NPORT-P false 0001368578 XXXXXXXX S000067243 C000216314 MSS Series Trust 811-21927 0001368578 5493008Y245E2ZHP5235 8000 Town Centre Drive Suite 400 Broadview Heights 44147 440-922-0066 Towpath Focus Fund S000067243 549300QMJOD5VT8KIB57 2022-11-30 2022-02-28 N 24067167.22 31297.47 24035869.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1000.00 N Allstate Corp. OBT0W1ED8G0NWVOLOJ77 Allstate Corp. 020002101 4805.00 NS USD 587939.80 2.45 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. Class A 02079K305 543.00 NS USD 1466719.02 6.10 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 62.00 NS USD 190418.12 0.79 Long EC CORP US N 1 N N N AmerisourceBergen Corp. AI8GXW8LG5WK7E9UD086 AmerisourceBergen Corp. 03073E105 5290.00 NS USD 753983.70 3.14 Long EC CORP US N 1 N N N Amgen, Inc. 62QBXGPJ34PQ72Z12S66 Amgen, Inc. 031162100 2620.00 NS USD 593377.60 2.47 Long EC CORP US N 1 N N N Atlantic Union Bank 549300ZTT08EKQRVTR15 Atlantic Union Bankshares Corp. 04911A107 20659.00 NS USD 839375.17 3.49 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 10970.00 NS USD 484874.00 2.02 Long EC CORP US N 1 N N N Bank of New York Mellon Corp. WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp. 064058100 19830.00 NS USD 1053964.50 4.38 Long EC CORP US N 1 N N N Barrett Business Services, Inc. 529900HXB6TMG0SR9Y34 Barrett Business Services, Inc. 068463108 3053.00 NS USD 183637.95 0.76 Long EC CORP US N 1 N N N Bristol Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol Myers Squibb Co. 110122108 9140.00 NS USD 627643.80 2.61 Long EC CORP US N 1 N N N Capital One Financial Corp. ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp. 14040H105 3160.00 NS USD 484333.20 2.02 Long EC CORP US N 1 N N N Carter's, Inc. 5299003WAQK4R3L3ZU36 Carter's, Inc. 146229109 5600.00 NS USD 541408.00 2.25 Long EC CORP US N 1 N N N Check Point Software Technologies Ltd. 2549003ZVBH73EPNS513 Check Point Software Technologies Ltd. M22465104 3200.00 NS USD 463616.00 1.93 Long EC CORP IL N 1 N N N Energizer Holdings, Inc. 5493000D6NN0V57UME20 Energizer Holdings, Inc. 29272W109 8910.00 NS USD 297504.90 1.24 Long EC CORP US N 1 N N N First American Funds, Inc. 549300J5J5SJCZ9IA369 First American Government Obligations Fund Class X 31846V336 3079296.26 NS USD 3079296.26 12.81 Long STIV RF US N 1 N N N Genesco, Inc. 549300VY2Q511P1K5P56 Genesco, Inc. 371532102 5200.00 NS USD 333580.00 1.39 Long EC CORP US N 1 N N N Gentex Corp. 549300S3UD8XV1MN0287 Gentex Corp. 371901109 21320.00 NS USD 645356.40 2.68 Long EC CORP US N 1 N N N Gilead Sciences, Inc. 549300WTZWR07K8MNV44 Gilead Sciences, Inc. 375558103 5700.00 NS USD 344280.00 1.43 Long EC CORP US N 1 N N N GlaxosSmithKline PLC 5493000HZTVUYLO1D793 GlaxoSmithKline PLC ADR 37733W105 19180.00 NS USD 802874.80 3.34 Long EC CORP GB N 1 N N N HP, Inc. WHKXQACZ14C5XRO8LW03 HP, Inc. 40434L105 17620.00 NS USD 605423.20 2.52 Long EC CORP US N 1 N N N Haverty Furniture Companies, Inc. 529900CVFMMIRXZVPD70 Haverty Furniture Companies, Inc. 419596101 3700.00 NS USD 105117.00 0.44 Long EC CORP US N 1 N N N Huntington Ingalls Industries, Inc. 5TZLZ6WJTBVJ0QWBG121 Huntington Ingalls Industries, Inc. 446413106 1800.00 NS USD 367920.00 1.53 Long EC CORP US N 1 N N N Kontoor Brands, Inc. 549300M0CPXV65RFF271 Kontoor Brands, Inc. 50050N103 5200.00 NS USD 257608.00 1.07 Long EC CORP US N 1 N N N Magna International, Inc. 95RWVLFZX6VGDZNNTN43 Magna International, Inc. Class A 559222401 5270.00 NS USD 391402.90 1.63 Long EC CORP CA N 1 N N N McKesson Corp. 549300WZWOM80UCFSF54 McKesson Corp. 58155Q103 2850.00 NS USD 783636.00 3.26 Long EC CORP US N 1 N N N Meta Platforms, Inc. BQ4BKCS1HXDV9HN80Z93 Meta Platforms, Inc. Class A 30303M102 1185.00 NS USD 250070.55 1.04 Long EC CORP US N 1 N N N Newmont Corp. 549300VSP3RIX7FGDZ51 Newmont Corp. 651639106 8008.00 NS USD 530129.60 2.21 Long EC CORP US N 1 N N N Novartis, Inc. 5493007HIVTX6SY6XD66 Novartis AG 66987V109 5400.00 NS USD 472284.00 1.96 Long EC CORP CH N 1 N N N Prestige Consumer Healthcare, Inc. N/A Prestige Consumer Healthcare, Inc. 74112D101 11615.00 NS USD 691440.95 2.88 Long EC CORP US N 1 N N N Quest Diagnostics, Inc. 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 4400.00 NS USD 577588.00 2.40 Long EC CORP US N 1 N N N Regions Financial Corp. CW05CS5KW59QTC0DG824 Regions Financial Corp. 7591EP100 8750.00 NS USD 211662.50 0.88 Long EC CORP US N 1 N N N Reinsurance Group of America, Inc. LORM1GNEU1DKEW527V90 Reinsurance Group of America, Inc. 759351604 2590.00 NS USD 287127.40 1.19 Long EC CORP US N 1 N N N Rio Tinto Group PLC 213800YOEO5OQ72G2R82 Rio Tinto Group PLC ADR 767204100 4800.00 NS USD 377184.00 1.57 Long EC CORP GB N 1 N N N Ross Stores, Inc. 549300ENZFLPGRDFZQ60 Ross Stores, Inc. 778296103 5000.00 NS USD 456950.00 1.90 Long EC CORP US N 1 N N N Sanofi SA 549300E9PC51EN656011 Sanofi SA ADR 80105N105 1800.00 NS USD 94410.00 0.39 Long EC CORP FR N 1 N N N The Charles Schwab Corp. 549300VSGCJ7E698NM85 The Charles Schwab Corp. 808513105 10440.00 NS USD 881762.40 3.67 Long EC CORP US N 1 N N N Shell PLC 21380068P1DRHMJ8KU70 Shell PLC-ADR 780259305 13100.00 NS USD 686309.00 2.86 Long EC CORP GB N 1 N N N Steven Madden Ltd. 549300Z9GZ7GYJWSGF43 Steven Madden Ltd. 556269108 11100.00 NS USD 473526.00 1.97 Long EC CORP US N 1 N N N Tapestry, Inc. 549300LJNVY5SW3VTN33 Tapestry, Inc. 876030107 9500.00 NS USD 388550.00 1.62 Long EC CORP US N 1 N N N Valero Energy Corp. 549300XTO5VR8SKV1V74 Valero Energy Corp. 91913Y100 7730.00 NS USD 645532.30 2.69 Long EC CORP US N 1 N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 6400.00 NS USD 343488.00 1.43 Long EC CORP US N 1 N N N Ebay, Inc. OML71K8X303XQONU6T67 Ebay, Inc. 278642103 6640.00 NS USD 362477.60 1.51 Long EC CORP US N 1 N N N 2022-02-28 MSS Series Trust /s/ Gregory B. Getts Gregory B. Getts President XXXX NPORT-EX 2 towpathfocusnportex.htm Converted by EDGARwiz




Schedule of Investments

February 28, 2022 (unaudited)

Towpath Focus Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares or Principal

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 

 

 

 

 

 

Common Stocks - 87.11%

 

 

 

 

 

 

 

 

Apparel & Other Finished Prods of Fabrics & Similar Material - 2.25%

 

 

 

 

 

Carter's, Inc.

 

 

 

 

5,600

 

541,408

 

 

 

 

 

 

 

 

Biological Products (No Diagnostic Substances) - 3.90%

 

 

 

 

 

Amgen, Inc.

 

 

 

 

2,620

 

593,378

Gilead Sciences, Inc.

 

 

 

5,700

 

344,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

937,658

 

 

 

 

 

 

 

 

BioTech & Pharma - 0.39%

 

 

 

 

 

Sanofi SA ADR

 

 

 

1,800

 

94,410

 

 

 

 

 

 

 

 

Computer & Office Equipment - 2.52%

 

 

 

 

 

HP, Inc.

 

 

 

 

17,620

 

605,423

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 2.86%

 

 

 

 

 

Shell PLC-ADR (2)

 

 

 

13,100

 

686,309

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 2.45%

 

 

 

 

 

Allstate Corp.

 

 

 

 

4,805

 

587,940

 

 

 

 

 

 

 

 

Footwear (No Rubber) - 1.97%

 

 

 

 

 

Steven Madden Ltd.

 

 

 

11,100

 

473,526

 

 

 

 

 

 

 

 

Gold and Silver Ores - 2.21%

 

 

 

 

 

Newmont Corp.

 

 

 

8,008

 

530,130

 

 

 

 

 

 

 

 

Leather & Leather Products- 1.62%

 

 

 

 

 

Tapestry, Inc.

 

 

 

 

9,500

 

388,550

 

 

 

 

 

 

 

 

Life Insurance - 1.19%

 

 

 

 

 

 

Reinsurance Group of America, Inc.

 

 

2,590

 

287,127

 

 

 

 

 

 

 

 

Men's & Boys' Furnishings, Work Clothing, and Allied Garments - 1.07%

 

 

 

 

Kontoor Brands, Inc.

 

 

 

5,200

 

257,608

 

 

 

 

 

 

 

 

Metal Mining - 1.57%

 

 

 

 

 

 

Rio Tinto Group PLC ADR (2)

 

 

4,800

 

377,184

 

 

 

 

 

 

 

 

Miscellaneous Electrical Machinery, Equipment & Supplies - 1.24%

 

 

 

 

 

Energizer Holdings, Inc.

 

 

 

8,910

 

297,505

 

 

 

 

 

 

 

 

Motor Vehicle Parts & Accessories - 4.31%

 

 

 

 

 

Gentex Corp.

 

 

 

 

21,320

 

645,356

Magna International, Inc. Class A

 

 

5,270

 

391,403

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,036,759

 

 

 

 

 

 

 

 

National Commercial Banks - 4.91%

 

 

 

 

 

Bank of America Corp.

 

 

 

10,970

 

484,874

Capital One Financial Corp.

 

 

3,160

 

484,333

Regions Financial Corp.

 

 

 

8,750

 

211,663

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,180,870

 

 

 

 

 

 

 

 

Petroleum Refining - 2.69%

 

 

 

 

 

Valero Energy Corp.

 

 

 

7,730

 

645,532

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 10.79%

 

 

 

 

 

Bristol Myers Squibb Co.

 

 

 

9,140

 

627,643

GlaxoSmithKline PLC  ADR

 

 

19,180

 

802,875

Novartis AG (2)

 

 

 

5,400

 

472,284

Prestige Consumer Healthcare, Inc. (2)

 

 

11,615

 

691,441

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,594,243

 

 

 

 

 

 

 

 

Retail-Catalog & Mail-Order Houses - 0.79%

 

 

 

 

 

Amazon.com, Inc. (2)

 

 

 

62

 

190,418

 

 

 

 

 

 

 

 

Retail-Furniture Stores - 0.44%

 

 

 

 

 

Haverty Furniture Companies, Inc.

 

 

3,700

 

105,117

 

 

 

 

 

 

 

 

Retail-Family Clothing Store - 1.90%

 

 

 

 

 

Ross Stores, Inc.

 

 

 

5,000

 

456,950

 

 

 

 

 

 

 

 

Retail-Family Clothing Store - 1.39%

 

 

 

 

 

Genesco, Inc. (2)

 

 

 

5,200

 

333,580

 

 

 

 

 

 

 

 

Security Brokers, Dealers & Flotation Companies - 1.39%

 

 

 

 

 

The Charles Schwab Corp. (2)

 

 

10,440

 

881,762

 

 

 

 

 

 

 

 

Services-Business Services, NEC - 1.51%

 

 

 

 

 

Ebay, Inc.

 

 

 

 

6,640

 

362,478

 

 

 

 

 

 

 

 

Services-Computer Programming, Data Processing, Etc. - 7.14%

 

 

 

 

 

Alphabet, Inc. Class A  (2)

 

 

 

543

 

1,466,719

Meta Platforms, Inc. Class A (2)

 

 

1,185

 

250,071

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,716,790

 

 

 

 

 

 

 

 

Services-Help Supply Services - 0.76%

 

 

 

 

 

Barrett Business Services, Inc.

 

 

3,053

 

183,638

 

 

 

 

 

 

 

 

Services-Medical Laboratories - 2.40%

 

 

 

 

 

Quest Diagnostics, Inc.

 

 

 

4,400

 

577,588

 

 

 

 

 

 

 

 

Services- Prepackaged Software - 1.93%

 

 

 

 

 

Check Point Software Technologies Ltd. (2)

 

 

3,200

 

463,616

 

 

 

 

 

 

 

 

Ship & Boat Building & Repairing - 1.53%

 

 

 

 

 

Huntington Ingalls Industries, Inc.

 

 

1,800

 

367,920

 

 

 

 

 

 

 

 

State Commercial Banks - 7.88%

 

 

 

 

 

Atlantic Union Bankshares Corp.

 

 

20,659

 

839,375

Bank of New York Mellon Corp.

 

 

19,830

 

1,053,965

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,893,340

 

 

 

 

 

 

 

 

Telephone Communications (No Radiotelephone) - 1.43%

 

 

 

 

 

Verizon Communications, Inc.

 

 

6,400

 

343,488

 

 

 

 

 

 

 

 

Wholesale-Drugs Proprietaries & Druggists' Sundries - 6.40%

 

 

 

 

 

AmerisourceBergen Corp.

 

 

 

5,290

 

753,984

McKesson Corp.

 

 

 

2,850

 

783,636

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,537,620

 

 

 

 

 

 

 

 

Total Common Stock

 

 

 

(Cost $             16,211,069)

 

20,936,487

 

 

 

 

 

 

 

 

Money Market Fund - 12.81%

 

 

 

 

 

 

 

 

First American Government Obligations Fund Class X, 0.06%

 

 

3,079,296

 

3,079,296

 

 

 

 

 

 

 

 

Total Money Market Fund

 

 

 

(Cost $            3,079,926)

 

3,079,296

 

 

 

 

 

 

 

 

Total Investments - 99.92%

 

 

(Cost $           19,290,365)

 

24,015,783

 

 

 

 

 

 

 

 

Other Assets Less Liabilities  (0.08%)

 

 

 

 

20,087

 

 

 

 

 

 

 

 

Total Net Assets - 100.00%

 

 

 

 

24,035,870

 

 

 

 

 

 

 

 

(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)

 

       The following is a summary of the inputs used as of February 28, 2022 in valuing the Fund's assets carried at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in

 

Other Financial

Valuation Inputs

 

 

 

Securities

 

Instruments

Level 1 - Quoted Prices

 

 

$

24,015,783

$

-

Level 2 - Other Significant Observable Inputs

 

 

-

 

-

Level 3 - Significant Unobservable Inputs

 

 

-

 

-

Total

 

 

 

$

24,015,783

$

-

 

 

 

 

 

 

 

 

       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.

 

 

 

 

 

 

 

 

(2)  Represents non-income producing securities.

(3)  Variable Rate Security: the Yield Rate shown represents the rate at February 28, 2022.