-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ixzc3iNaEosW6Oi96XT/UAlrUHRv94CvmBvx1P/RiL19DRTHQVouDqvD1cYRJFBo SEBz0rTQYsAI8l2IpQHpkw== 0000850027-04-000077.txt : 20041122 0000850027-04-000077.hdr.sgml : 20041122 20041122143733 ACCESSION NUMBER: 0000850027-04-000077 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040930 FILED AS OF DATE: 20041122 DATE AS OF CHANGE: 20041122 EFFECTIVENESS DATE: 20041122 FILER: COMPANY DATA: COMPANY CONFORMED NAME: NAIC GROWTH FUND INC CENTRAL INDEX KEY: 0000850027 IRS NUMBER: 311274796 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-Q SEC ACT: 1940 Act SEC FILE NUMBER: 811-05807 FILM NUMBER: 041160370 BUSINESS ADDRESS: STREET 1: 711 WEST THIRTEEN MILE RD CITY: MADISON HEIGHTS STATE: MI ZIP: 48071 BUSINESS PHONE: 8105836242 MAIL ADDRESS: STREET 1: 711 WEST THIRTEEN MILE RD CITY: MADISON HEIGHTS STATE: MI ZIP: 48071 FORMER COMPANY: FORMER CONFORMED NAME: BETTER INVESTING FUND INC DATE OF NAME CHANGE: 19890716 N-Q 1 nq9302004.txt FORM N-Q Omb Approval Omb Number: 3235-0578 Expires: February 28, 2006 Estimated average burden hours per response: 20.00 United States Securities and Exchange Commission Washington, D.C. 20549 Form N-Q Quarterly Schedule of Portfolio Holdings of Registered Management Investment Company - ------------------------------------------------------------- Investment Company Act file number: 811-05807 - ------------------------------------------------------------- NAIC Growth Fund, Inc. (Exact name of registrant as specified in charter) 711 West 13 Mile Road, Madison Heights, MI 48071 (Address of principal executive offices) (zip code) - ------------------------------------------------------------- Kenneth S. Janke, President NAIC Growth Fund, Inc. 711 W. 13 Mile Road Madison Heights, MI 48071 (248) 583-6242 (Name and address of agent for service) - ------------------------------------------------------------- Registrant's telephone number, including area code: (877) 275-6242 Date of fiscal year end: December 31, 2004 Date of reporting period: September 30, 2004 Item 1. Schedule of Investments NAIC Growth Fund, Inc. Portfolio of Investments - September 30, 2004 (unaudited) % Common Stock Shares Cost Market 3.0 Auto Replacement O'Reilly Auto* 20,000 $242,606 $766,800 -------- $766,500 12.5 Banking JP Morgan Chase 13,200 331,370 523,776 Citigroup 18,000 194,288 804,600 Comerica, Inc. 10,000 404,669 588,600 Huntington Banc. 25,000 238,023 618,750 Synovus Financial 25,000 263,393 647,500 ------- 3,183,226 2.6 Building Products Johnson Controls 12,000 96,895 672,120 ------- 672,120 2.8 Chemicals RPM 25,000 287,099 431,250 Sigma Aldrich 5,000 94,937 286,850 ------- 718,100 3.7 Consumer Products Colgate-Palmolive 14,000 382,490 637,000 Newell Rubbermaid 16,000 413,527 319,840 ------- 956,840 3.1 Electrical Equipment General Electric 24,000 441,341 802,800 ------- 802,800 1.8 Electronics Diebold 10,000 269,187 469,900 ------- 469,900 10.5 Ethical Drugs Abbott Laboratories 12,000 516,377 507,720 Johnson & Johnson 15,000 614,274 855,450 Merck & Co., Inc. 10,000 359,350 450,700 Pfizer, Inc. 28,000 606,755 845,040 ------- 2,658,910 1.6 Financial Services State Street Boston 10,000 167,976 421,500 ------- 421,500 6.7 Food ConAgra 18,000 351,815 467,100 Heinz, H.J. 16,000 532,050 578,080 McCormick & Co 20,000 223,975 662,800 ------- 1,707,980 7.9 Hospital Supplies Biomet Corp. 17,000 166,709 801,210 PolyMedica 8,000 218,481 246,480 Stryker Corp. 20,000 95,500 955,600 ------- 2,003,290 2.7 Industrial Services Donaldson Co. 24,000 162,563 680,640 ------- 680,640 6.0 Insurance AFLAC, Inc. 20,000 143,906 783,800 American Int'l Group 11,000 266,419 753,500 ------- 1,537,300 2.4 Machinery Emerson Electric 10,000 335,278 621,800 ------- 621,800 8.4 Multi Industry Carlisle 9,000 364,086 576,630 Pentair 28,000 456,569 955,080 Teleflex 14,000 445,436 600,180 ------- 2,131,890 1.3 Office Supplies Avery Dennison 5,000 264,504 323,550 ------- 323,550 2.0 Realty Trust First Industrial Realty Trust 14,000 394,963 518,980 ------- 518,980 2.8 Soft Drinks PepsiCo 15,000 335,649 721,500 ------- 721,500 2.3 Transportation Sysco Corp. 20,000 142,750 600,000 ------- 600,000 84.1% Investment Securities $10,825,210 $21,497,126 - ------------------------------------------------------- Short-term Investments 15.6 United States Treasury Bills, Maturing 10/28/2004 Interest rate: 1.5% $3,994,089 0.4 Misc. Cash Equivalents 116,268 - ------------------------------------------------------- 16.0% $4,110,357 Total Investments $25,607,483 (0.1) All other assets less liabilities (32,141) - ------------------------------------------------------- 100% TOTAL NET ASSETS $25,575,342 * non-income producing securities footnote: The following information is based upon federal income tax cost of portfolio investments as of September 30, 2004: Gross Unrealized Appreciation $10,744,261 Gross Unrealized Depreciation (102,345) ------------ Net Unrealized Appreciation $10,671,916 ------------ Federal Income Tax Cost $10,825,210 ITEM 2. CONTROLS AND PROCEDURES. (i) As of November 2, 2004, an evaluation of the effectiveness of the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) was performed by management with the participation of the registrant's President (Principal Executive Officer) and Accountant (person performing the functions of the Principal Financial Officer). Based on that evaluation, the registrant's President and Accountant concluded that the registrant's disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the registrant is recorded, processed, summarized and reported within the time periods specified by the Commission's rules and forms, and that information required to be disclosed in the reports that the registrant files on Form N-CSR and Form N-Q is accumulated and communicated to the registrant's management, including its Principal Executive Officer and Principal Financial Officer,as appropriate, to allow timely decisions regarding required disclosure. (ii) There has been no change in the registrants's internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the 9 months ending September 30, 2004 that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting. Item 3. Exhibits (A) Certification of principal executive officer as required by Rule 30a-2(a) under the Act. (B) Certification of principal financial officer as required by Rule 30a-2(a) under the Act. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. NAIC GROWTH FUND, INC. By: /s/ Kenneth S. Janke ---------------------- Kenneth S. Janke President (Principal Executive Officer) Date: November 17, 2004 Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated. By: /s/ Kenneth S. Janke ---------------------- Kenneth S. Janke President (Principal Executive Officer) Date: November 17, 2004 By: /s/ Calvin George --------------------- Calvin George Accountant (Principal Financial Officer) Date: November 17, 2004 EX-99.CERT 2 nqcertjanke2004.txt JANKE CERTIFICATION Exhibit A Certification I, Kenneth S. Janke, certify that: 1. I have reviewed this report on Form N-Q of the NAIC Growth Fund, Inc; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 11/17/2004 /s/ Kenneth S. Janke - --------------------- Kenneth S. Janke President (Principal Executive Officer) EX-99.CERT 3 nqcertgeorge2004.txt GEORGE CERTIFICATION Exhibit B Certification I, Calvin A. George, certify that: 1. I have reviewed this report on Form N-Q of the NAIC Growth Fund, Inc; 2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; 3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed; 4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) for the registrant and have: (a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; (b) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and (c) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and 5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions): (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting. Date: 11/17/2004 /s/ Calvin A. George - --------------------- Calvin A. George Accountant (Principal Financial Officer) -----END PRIVACY-ENHANCED MESSAGE-----