NPORT-EX 2 becker.htm BECKER VALUE EQUITY FUND PART F

Becker Value Equity Fund
SCHEDULE OF INVESTMENTS at January 31, 2023 (Unaudited)
Shares
  
 
  
Value
COMMON STOCKS: 97.2%
    
Communication Services: 6.4%
    
 
11,380
  
Alphabet, Inc. - Class A 1
  
$
1,124,799
 
7,735
  
Meta Platforms, Inc. - Class A 1
    
1,152,283
 
41,215
  
Verizon Communications, Inc.
    
1,713,308
 
10,065
  
The Walt Disney Co. 1
    
1,091,952
 
71,665
  
Warner Bros Discovery, Inc. 1
    
1,062,075
           
6,144,417
Consumer Discretionary: 4.8%
      
 
9,505
  
Amazon.com, Inc. 1
    
980,251
 
785
  
AutoZone, Inc. 1
    
1,914,497
 
2,844
  
The Home Depot, Inc.
    
921,939
 
7,490
  
Starbucks Corp.
    
817,459
           
4,634,146
Consumer Staples: 6.7%
      
 
16,380
  
Lamb Weston Holdings, Inc.
    
1,636,198
 
13,545
  
The Procter & Gamble Co.
    
1,928,537
 
14,800
  
Tyson Foods, Inc. - Class A
    
973,100
 
13,378
  
Walmart, Inc.
    
1,924,693
           
6,462,528
Energy: 7.1%
      
 
40,117
  
Baker Hughes Co.
    
1,273,314
 
9,317
  
Chevron Corp.
    
1,621,344
 
67,535
  
Kinder Morgan, Inc.
    
1,235,890
 
46,071
  
Shell PLC - ADR
    
2,709,436
           
6,839,984
Financials: 21.1%
      
 
58,230
  
Bank of America Corp.
    
2,066,000
 
7,400
  
Berkshire Hathaway, Inc. - Class B 1
    
2,305,248
 
4,095
  
BlackRock, Inc.
    
3,108,965
 
35,730
  
The Charles Schwab Corp.
    
2,766,217
 
9,310
  
Chubb Ltd.
    
2,117,932
 
15,315
  
First Republic Bank
    
2,157,577
 
7,680
  
The Goldman Sachs Group, Inc.
    
2,809,421
 
21,055
  
JPMorgan Chase & Co.
    
2,946,858
           
20,278,218
Health Care: 16.2%
      
 
12,875
  
Johnson & Johnson
    
2,104,032
 
134,595
  
Koninklijke Philips NV
    
2,304,266
 
6,030
  
McKesson Corp.
    
2,283,440
 
16,520
  
Medtronic PLC
    
1,382,559
 
14,685
  
Merck & Co., Inc.
    
1,577,316
 
40,405
  
Pfizer, Inc.
    
1,784,285
 
13,427
  
Quest Diagnostics, Inc.
    
1,993,641
 
43,805
  
Sanofi - ADR
    
2,152,578
           
15,582,117
Industrials: 10.1%
      
 
19,080
  
Alaska Air Group, Inc. 1
    
979,567
 
38,685
  
Carrier Global Corp.
    
1,761,328
 
11,155
  
Eaton Corp PLC
    
1,809,452
 
156,385
  
Embraer SA - ADR 1
    
2,015,803
 
5,710
  
General Dynamics Corp.
    
1,330,773
 
18,721
  
Raytheon Technologies Corp.
    
1,869,292
           
9,766,215
Information Technology: 14.5%
      
 
16,580
  
Apple, Inc.
    
2,392,328
 
22,260
  
Blackbaud, Inc. 1
    
1,384,795
 
54,045
  
Cisco Systems, Inc.
    
2,630,370
 
12,430
  
Microsoft Corp.
    
3,080,279
 
18,625
  
PayPal Holdings, Inc. 1
    
1,517,751
 
14,305
  
QUALCOMM, Inc.
    
1,905,569
 
6,495
  
salesforce.com, Inc. 1
    
1,090,965
           
14,002,057
Materials: 5.2%
      
 
6,425
  
Air Products and Chemicals, Inc.
    
2,059,277
 
24,680
  
Methanex Corp.
    
1,168,104
 
32,945
  
Newmont Goldcorp Corp.
    
1,743,779
           
4,971,160
Real Estate: 1.6%
      
 
22,345
  
Realty Income Corp. - REIT
    
1,515,661
             
Utilities: 3.5%
      
 
51,475
  
FirstEnergy Corp.
    
2,107,901
 
18,255
  
The Southern Co.
    
1,235,499
           
3,343,400
TOTAL COMMON STOCKS
      
(Cost $64,534,585)
    
93,539,903
             
SHORT-TERM INVESTMENTS: 2.7%
      
 
2,590,024
  
First American Government Obligations Fund - Class X, 4.140% 2
    
2,590,024
TOTAL SHORT-TERM INVESTMENTS
      
(Cost $2,590,024)
    
2,590,024
             
TOTAL INVESTMENTS IN SECURITIES: 99.9%
      
(Cost $67,124,609)
    
96,129,927
Other Assets in Excess of Liabilities: 0.1%
    
83,163
TOTAL NET ASSETS: 100.0%
  
$
96,213,090

  ADR -
American Depository Receipt
    
  REIT -
Real Estate Investment Trust
    
 
1 
Non-income producing security.
      

2 
Annualized seven-day effective yield as of January 31, 2023.
      
           
The Global Industry Classification Standard (“GICS®”) sector and industry classifications were 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, Inc. and S&P and has been licensed for use by Becker Value Equity Fund (the “Fund”).

 
Summary of Fair Value Disclosure at January 31, 2023 (Unaudited)
         
The Fund utilizes various methods to measure the fair value of its investments on a recurring basis.  U.S. GAAP establishes 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 spreads, 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 January 31, 2023:

   
Level 1
    
Level 2
    
Level 3
    
Total
                       
Common Stocks 1
  
$
93,539,903
    
$
-
    
$
-
    
$
93,539,903
Short-Term Investments
    
2,590,024
      
-
      
-
      
2,590,024
Total Investments in Securities
  
$
96,129,927
    
$
-
    
$
-
    
$
96,129,927
                               
1See Schedule of Investments for sector breakouts.