-----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, QqQsMSuNvlkkGAIaZj5C+BHAFRSjfx+sJBt9bicGfcCJ/GiuiizZLcAzgzZwPUob I2AaOvWD7RDA+QAFpU9j8Q== 0000850027-07-000035.txt : 20070504 0000850027-07-000035.hdr.sgml : 20070504 20070504084935 ACCESSION NUMBER: 0000850027-07-000035 CONFORMED SUBMISSION TYPE: N-Q PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070331 FILED AS OF DATE: 20070504 DATE AS OF CHANGE: 20070504 EFFECTIVENESS DATE: 20070504 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: 07817867 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 nq3312007.txt FORM N-Q Omb Approval Omb Number: 3235-0578 Expires: May 31, 2007 Estimated average burden hours per response: 21.09 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, 2007 Date of reporting period: March 31, 2007 Item 1. Schedule of Investments NAIC Growth Fund, Inc. Portfolio of Investments - March 31, 2007 (unaudited) % Common Stock Shares Cost Market 3.7 Auto Replacement O'Reilly Auto* 30,000 $189,637 $993,000 Total $993,000 14.4 Banking Citigroup 22,000 368,635 1,129,480 Comerica, Inc. 10,000 404,669 591,200 Huntington Banc. 25,000 238,023 546,250 JP Morgan Chase 15,000 396,347 725,700 Synovus Financial 27,000 317,651 873,180 Total 3,865,810 4.0 Beverages - Soft Drinks PepsiCo 17,000 433,218 1,080,520 Total 1,080,520 4.3 Chemicals RPM 25,000 287,099 577,500 Sigma Aldrich 14,000 213,317 581,280 Total 1,158,780 3.9 Consumer Products Colgate-Palmolive 16,000 469,850 1,068,640 Total 1,068,640 3.2 Electrical Equipment General Electric 24,000 441,341 848,640 Total 848,640 11.3 Ethical Drugs Abbott Laboratories 20,000 860,150 1,116,000 Johnson & Johnson 20,000 915,045 1,205,200 Pfizer, Inc. 28,000 606,755 707,280 Total 3,028,480 8.1 Financial Services CIT Group 10,000 392,785 529,200 State Street 16,000 436,700 1,036,000 Washington Mutual 15,000 609,130 605,700 Total 2,170,900 3.4 Food McCormick & Co. 24,000 347,055 924,480 Total 924,480 4.0 Food Wholesale Sysco 32,000 507,179 1,082,560 Total 1,082,560 14.9 Hospital Supplies Biomet Corp. 28,000 573,428 1,189,720 Medtronic 17,000 850,214 834,020 Polymedica 12,000 346,237 507,960 Stryker Corp. 22,000 180,012 1,459,040 Total 3,990,740 3.5 Insurance AFLAC, Inc. 20,000 143,906 941,200 Total 941,200 3.1 Information Technology Jack Henry & Assoc. 34,000 626,878 817,700 Total 817,700 3.2 Machinery Emerson Electric Co. 20,000 335,278 861,800 Total 861,800 4.1 Multi Industry Teleflex 16,000 545,608 1,089,120 Total 1,089,120 2.9 Office Supplies Avery Dennison 12,000 666,064 771,120 Total 771,120 92.0% Investment Securities $12,702,212 $24,693,490 Short-term Investments 3.7 United States Treasury Bills, Maturing 4/26/2007 $ 995,139 4.5 Misc. Cash Equivalents 1,201,364 - ------ --------------- 8.2% $2,196,503 Total Investments $26,889,993 (0.2) All other assets less liabilities (51,775) - ------ --------------- 100% TOTAL NET ASSETS $26,838,218 * non-income producing securities footnote: The following information is based upon federal income tax cost of portfolio investments as of March 31, 2007: Gross Unrealized Appreciation $12,010,902 Gross Unrealized Depreciation (19,624) ------------ Net Unrealized Appreciation $11,991,278 ------------ Federal Income Tax Cost $12,702,212 ITEM 2. CONTROLS AND PROCEDURES. (i) As of April 27, 2007, 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 last fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internalcontrol 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: April 27, 2007 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: April 27, 2007 By: /s/ Calvin George --------------------- Calvin George Accountant (Principal Financial Officer) Date: April 27, 2007 EX-99.CERT 2 nqcertjanke2007.txt JANKE CERT 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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) 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 (d) 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: April 27, 2007 /s/ Kenneth S. Janke - --------------------- Kenneth S. Janke President EX-99.CERT 3 nqcertgeorge2007.txt GEORGE CERT Exhibit B Certification I, Calvin 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) and internal control over financial reporting (as defined in Rule 30a-3(d) 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) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; (c) 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 (d) 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: April 27, 2007 /s/ Calvin George - --------------------- Calvin George Accountant -----END PRIVACY-ENHANCED MESSAGE-----