0001752724-21-260646.txt : 20211126 0001752724-21-260646.hdr.sgml : 20211126 20211126144306 ACCESSION NUMBER: 0001752724-21-260646 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210930 FILED AS OF DATE: 20211126 PERIOD START: 20220630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CUTLER TRUST CENTRAL INDEX KEY: 0000892568 IRS NUMBER: 133693851 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-07242 FILM NUMBER: 211451501 BUSINESS ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 BUSINESS PHONE: 513-587-3400 MAIL ADDRESS: STREET 1: C/O ULTIMUS FUND SOLUTIONS, LLC STREET 2: 225 PICTORIA DRIVE, SUITE 450 CITY: CINCINNATI STATE: OH ZIP: 45246 0000892568 S000001540 Cutler Equity Fund C000222167 Cutler Equity Fund DIVHX NPORT-P 1 primary_doc.xml NPORT-P false 0000892568 XXXXXXXX S000001540 C000222167 The Cutler Trust 811-07242 0000892568 549300KVSOCUTW3E0J66 525 Bigham Knoll Jacksonville 97530 514-770-9000 CUTLER EQUITY FUND CLASS II SHARES S000001540 549300PVCU95CJI0CF50 2022-06-30 2021-09-30 N 186195570.35 992728.94 185202841.41 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00 N Raytheon Technologies Corporation I07WOS4YJ0N7YRFE7309 Raytheon Technologies Corporation 75513E101 24010.00000000 NS USD 2063899.60000000 1.114399533121 Long EC CORP US N 1 N N N Bristol-Myers Squibb Company HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Company 110122108 85363.00000000 NS USD 5050928.71000000 2.727241478341 Long EC CORP US N 1 N N N Marsh & McLennan Companies, Inc. 549300XMP3KDCKJXIU47 Marsh & McLennan Companies, Inc. 571748102 36400.00000000 NS USD 5512052.00000000 2.976224316017 Long EC CORP US N 1 N N N The Kroger Co. 6CPEOKI6OYJ13Q6O7870 Kroger Company (The) 501044101 106221.00000000 NS USD 4294515.03000000 2.318817031803 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 Walmart, Inc. 931142103 43502.00000000 NS USD 6063308.76000000 3.273874587365 Long EC CORP US N 1 N N N Becton, Dickinson and Company ICE2EP6D98PQUILVRZ91 Becton, Dickinson and Company 075887109 24025.00000000 NS USD 5905825.50000000 3.188841734304 Long EC CORP US N 1 N N N Merck & Co., Inc 4YV9Y5M8S0BRK1RP0397 Merck & Company, Inc. 58933Y105 54990.00000000 NS USD 4130298.90000000 2.230148775555 Long EC CORP US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 McDonald's Corporation 580135101 29255.00000000 NS USD 7053673.05000000 3.808620319374 Long EC CORP US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 Charles Schwab Corporation (The) 808513105 118000.00000000 NS USD 8595120.00000000 4.640922317693 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 29970.00000000 NS USD 4840155.00000000 2.613434525707 Long EC CORP US N 1 N N N Northern Trust Corporation 549300GLF98S992BC502 Northern Trust Corporation 665859104 31100.00000000 NS USD 3352891.00000000 1.810388531014 Long EC CORP US N 1 N N N Prudential Financial, Inc. 5PRBRS5FEH7NREC8OR45 Prudential Financial, Inc. 744320102 32000.00000000 NS USD 3366400.00000000 1.817682695562 Long EC CORP US N 1 N N N Texas Instruments Incorporated WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 33965.00000000 NS USD 6528412.65000000 3.525006744117 Long EC CORP US N 1 N N N Medtronic Plc 549300GX3ZBSQWUXY261 Medtronic plc G5960L103 39400.00000000 NS USD 4938790.00000000 2.666692347914 Long EC CORP US N 1 N N N Exxon Mobil Corporation J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corporation 30231G102 63314.00000000 NS USD 3724129.48000000 2.010838198618 Long EC CORP US N 1 N N N The Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. (The) 437076102 28575.00000000 NS USD 9380029.50000000 5.064733040048 Long EC CORP US N 1 N N N Comcast Corporation 51M0QTTNCGUN7KFCFZ59 Comcast Corporation Class A 20030N101 62700.00000000 NS USD 3506811.00000000 1.893497407114 Long EC CORP US N 1 N N N Republic Services, Inc. NKNQHM6BLECKVOQP7O46 Republic Services, Inc. 760759100 46550.00000000 NS USD 5588793.00000000 3.017660505341 Long EC CORP US N 1 N N N Deere & Company PWFTNG3EI0Y73OXWDH08 Deere & Company 244199105 26644.00000000 NS USD 8927605.08000000 4.820447144348 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Company 46625H100 27800.00000000 NS USD 4550582.00000000 2.457080013111 Long EC CORP US N 1 N N N Dupont De Nemours Inc 5493004JF0SDFLM8GD76 DuPont de Nemours, Inc. 26614N102 57891.00000000 NS USD 3936009.09000000 2.125242280320 Long EC CORP US N 1 N N N International Business Machines Corporation VGRQXHF3J8VDLUA7XE92 International Business Machines Corporation 459200101 23000.00000000 NS USD 3195390.00000000 1.725346099267 Long EC CORP US N 1 N N N The Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company (The) 742718109 34930.00000000 NS USD 4883214.00000000 2.636684169002 Long EC CORP US N 1 N N N Invesco 549300UJV6OHYATSFU27 InvesCo STIT Government & Agency Portfolio INSTITUTIONAL CLASS 825252885 4576357.35000000 PA USD 4576357.35000000 2.470997375180 Long STIV RF US N 1 N N N Carrier Global Corporation 549300JE3W6CWY2NAN77 Carrier Global Corporation 14448C104 85210.00000000 NS USD 4410469.60000000 2.381426530188 Long EC CORP US N 1 N N N Chevron Corporation N/A Chevron Corporation 166764100 34870.00000000 NS USD 3537561.50000000 1.910101094058 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 Caterpillar, Inc. 149123101 35930.00000000 NS USD 6897482.10000000 3.724285247184 Long EC CORP US N 1 N N N BlackRock, Inc. 549300LRIF3NWCU26A80 BlackRock, Inc. 09247X101 10764.00000000 NS USD 9027336.24000000 4.874296836523 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 Union Pacific Corporation 907818108 17500.00000000 NS USD 3430175.00000000 1.852117912384 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 35775.00000000 NS USD 10085688.00000000 5.445752302294 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 66086.00000000 NS USD 3569304.86000000 1.927240874289 Long EC CORP US N 1 N N N M&T Bank Corporation 549300WYXDDBYRASEG81 M&T Bank Corporation 55261F104 23890.00000000 NS USD 3567732.60000000 1.926391934830 Long EC CORP US N 1 N N N Intel Corporation KNX4USFCNGPY45LOCE31 Intel Corporation 458140100 127965.00000000 NS USD 6817975.20000000 3.681355614251 Long EC CORP US N 1 N N N PNC Financial Services Group Inc CFGNEKW0P8842LEUIA51 PNC Financial Services Group, Inc. (The) 693475105 26300.00000000 NS USD 5145332.00000000 2.778214394999 Long EC CORP US N 1 N N N Pepsico Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 33095.00000000 NS USD 4977818.95000000 2.687765971678 Long EC CORP US N 1 N N N 2021-10-12 Cutler Equity Fund Class II Shares Daniel Bauer Daniel Bauer AVP, Fund Accounting XXXX NPORT-EX 2 cutlernport.htm CUTLER SOI 09-30-21

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS
September 30, 2021 (Unaudited)
     
COMMON STOCKS - 97.6% Shares Value
Communications - 3.8%    
Cable & Satellite - 1.9%    
Comcast Corporation - Class A 62,700   $ 3,506,811  
       
Telecommunications - 1.9%    
Verizon Communications, Inc. 66,086   3,569,305  
       
Consumer Discretionary - 8.9%    
Leisure Facilities & Services - 3.8%    
McDonald's Corporation 29,255   7,053,673  
       
Retail - Discretionary - 5.1%    
Home Depot, Inc. (The) 28,575   9,380,030  
       
Consumer Staples - 10.9%    
Beverages - 2.7%    
PepsiCo, Inc. 33,095   4,977,819  
       
Household Products - 2.6%    
Procter & Gamble Company (The) 34,930   4,883,214  
       
Retail - Consumer Staples - 5.6%    
Kroger Company (The) 106,221   4,294,515  
Walmart, Inc. 43,502   6,063,309  
        10,357,824  
Energy - 3.9%    
Oil & Gas Producers - 3.9%    
Chevron Corporation 34,870   3,537,562  
Exxon Mobil Corporation 63,314   3,724,129  
        7,261,691  
Financials - 23.3%    
Asset Management - 9.5%    
BlackRock, Inc. 10,764   9,027,336  
Charles Schwab Corporation (The) 118,000   8,595,120  
        17,622,456  
Banking - 9.0%    
JPMorgan Chase & Company 27,800   4,550,582  
M&T Bank Corporation 23,890   3,567,733  
Northern Trust Corporation 31,100   3,352,891  
PNC Financial Services Group, Inc. (The) 26,300   5,145,332  
        16,616,538  
 
 

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
     
COMMON STOCKS - 97.6% (Continued) Shares Value
Financials - 23.3% (Continued)    
Insurance - 4.8%    
Marsh & McLennan Companies, Inc. 36,400   $ 5,512,052  
Prudential Financial, Inc. 32,000   3,366,400  
        8,878,452  
Health Care - 13.4%    
Biotech & Pharma - 7.6%    
Bristol-Myers Squibb Company 85,363   5,050,929  
Johnson & Johnson 29,970   4,840,155  
Merck & Company, Inc. 54,990   4,130,299  
        14,021,383  
Medical Equipment & Devices - 5.8%    
Becton, Dickinson and Company 24,025   5,905,825  
Medtronic plc 39,400   4,938,790  
        10,844,615  
Industrials - 16.9%    
Aerospace & Defense - 1.1%    
Raytheon Technologies Corporation 24,010   2,063,900  
       
Commercial Support Services - 3.0%    
Republic Services, Inc. 46,550   5,588,793  
       
Electrical Equipment - 2.4%    
Carrier Global Corporation 85,210   4,410,469  
       
Machinery - 8.5%    
Caterpillar, Inc. 35,930   6,897,482  
Deere & Company 26,644   8,927,605  
        15,825,087  
Transportation & Logistics - 1.9%    
Union Pacific Corporation 17,500   3,430,175  
       
Materials - 2.1%    
Chemicals - 2.1%    
DuPont de Nemours, Inc. 57,891   3,936,009  
       
Technology - 14.4%    
Semiconductors - 7.2%    
Intel Corporation 127,965   6,817,975  
Texas Instruments, Inc. 33,965   6,528,413  
        13,346,388  
 
 

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
     
COMMON STOCKS - 97.6% (Continued) Shares Value
Technology - 14.4% (Continued)    
Software - 5.5%    
Microsoft Corporation 35,775   $ 10,085,688
       
Technology Services - 1.7%    
International Business Machines Corporation 23,000   3,195,390  
       
Total Common Stocks (Cost $92,170,093) $ 180,855,710  
         
         
MONEY MARKET FUNDS - 2.5% Shares Value
Invesco Short-Term Investment Trust Government & Agency Portfolio - Institutional Class, 0.03% (a) (Cost $4,576,357) 4,576,357   $ 4,576,357  
         
Total Investments at Value - 100.1% (Cost $96,746,450) $ 185,432,067  
       
Liabilities in Excess of Other Assets - (0.1%)     (229,226)
       
Net Assets - 100.0% $ 185,202,841  
 

 

 

 

 

 

(a) The rate shown is the 7-day effective yield as of September 30, 2021.