NPORT-EX 2 blue-chip.htm HODGES BLUE CHIP EQUITY INCOME FUND 6/30/2023 PART F HTML

HODGES BLUE CHIP EQUITY INCOME FUND
 
SCHEDULE OF INVESTMENTS at June 30, 2023 (Unaudited)
           
Shares
 
 
 
Value
COMMON STOCKS: 99.7%
      
Auto Manufacturers: 5.2%
      
           6,000
  
Tesla, Inc. 1
    
$
  1,570,620
           
Banks: 6.6%
      
           3,000
  
The Goldman Sachs Group, Inc.
    
967,620
           7,000
  
JPMorgan Chase & Co.
    
1,018,080
         
1,985,700
Beverages: 3.7%
      
           6,000
  
PepsiCo, Inc.
    
1,111,320
           
Building Products Retail: 6.0%
      
           3,250
  
The Home Depot, Inc.
    
1,009,580
           3,500
  
Lowe’s Companies, Inc.
    
789,950
         
1,799,530
Computers: 7.8%
      
         12,000
  
Apple, Inc.
    
2,327,640
           
Discount Retail: 3.6%
      
           2,000
  
Costco Wholesale Corp.
    
1,076,760
           
Diversified Financial Services: 5.0%
      
           6,000
  
American Express Co.
    
1,045,200
           8,000
  
The Charles Schwab Corp.
    
453,440
         
1,498,640
Insurance: 2.6%
      
           4,000
  
Chubb Ltd.
    
770,240
           
Internet: 3.5%
      
           8,000
  
Amazon.com, Inc. 1
    
1,042,880
           
Machinery - Diversified: 5.4%
      
           4,000
  
Deere & Co.
    
1,620,760
           
Oil Companies Exploration & Production: 1.7%
      
           5,000
  
ConocoPhillips
    
518,050
           
Oil Companies Integrated: 5.4%
      
         15,000
  
Exxon Mobil Corp.
    
1,608,750
           
Oil Refining & Marketing: 2.6%
      
           8,000
  
Phillips 66
    
763,040
           
Pharmaceuticals: 9.1%
      
           5,000
  
AbbVie, Inc.
    
673,650
           8,000
  
Merck & Co., Inc.
    
923,120
           7,000
  
Novo Nordisk A/S - Class A
    
1,132,810
         
2,729,580
Pipelines: 3.1%
      
         15,000
  
ONEOK, Inc.
    
925,800
           
Restaurants: 1.7%
      
           5,000
  
Starbucks Corp.
    
495,300
           
Semiconductors: 12.6%
      
           4,000
  
NVIDIA Corp.
    
1,692,080
         10,000
  
Taiwan Semiconductor Manufacturing Co. Ltd. - ADR
    
1,009,200
           6,000
  
Texas Instruments, Inc.
    
1,080,120
         
3,781,400
Software: 8.0%
      
           4,000
  
Activision Blizzard, Inc. 1
    
337,200
           6,000
  
Microsoft Corp.
    
2,043,240
         
2,380,440
Transportation: 6.1%
      
           4,500
  
Union Pacific Corp.
    
920,790
           5,000
  
United Parcel Service, Inc. - Class B
    
896,250
         
1,817,040
TOTAL COMMON STOCKS
      
(Cost $18,733,048)
    
29,823,490
           
TOTAL INVESTMENTS IN SECURITIES: 99.7%
      
(Cost $18,733,048)
    
29,823,490
Other Assets in Excess of Liabilities: 0.3%
    
83,092
TOTAL NET ASSETS: 100.0%
    
$
  29,906,582
 
 
ADR - American Depositary Receipt
      
 
1
Non-income producing security.
      

 
Hodges Blue Chip Equity Income Fund
Summary of Fair Value Exposure at June 30, 2023 (Unaudited)
 
 
 
 
  
The Hodges Blue Chip Equity Income Fund (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis.  U.S. GAAP (Generally Accepted Accounting Principles) 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 June 30, 2023. See the Schedule of Investments for an industry breakout.
                       
Description
  
Level 1
    
Level 2
    
Level 3
    
Total
                       
Common Stocks
  
$
29,823,490
    
$
-
    
$
-
    
$
29,823,490
Total Investments in Securities
  
$
29,823,490
    
$
-
    
$
-
    
$
29,823,490