0001752724-22-122190.txt : 20220526 0001752724-22-122190.hdr.sgml : 20220526 20220525212446 ACCESSION NUMBER: 0001752724-22-122190 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20220331 FILED AS OF DATE: 20220526 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: 22965022 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 S000001540 549300PVCU95CJI0CF50 2022-06-30 2022-03-31 N 198514981.85 904220.95 197610760.90 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 2378670.70000000 1.203715166707 Long EC CORP US N 1 N N N Bristol-Myers Squibb Company HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Company 110122108 85363.00000000 NS USD 6234059.89000000 3.154716808744 Long EC CORP US N 1 N N N Marsh & McLennan Companies, Inc. 549300XMP3KDCKJXIU47 Marsh & McLennan Companies, Inc. 571748102 36400.00000000 NS USD 6203288.00000000 3.139144837936 Long EC CORP US N 1 N N N The Kroger Co. 6CPEOKI6OYJ13Q6O7870 Kroger Company (The) 501044101 106221.00000000 NS USD 6093898.77000000 3.083788930443 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 Walmart, Inc. 931142103 43502.00000000 NS USD 6478317.84000000 3.278322400306 Long EC CORP US N 1 N N N Becton, Dickinson and Company ICE2EP6D98PQUILVRZ91 Becton, Dickinson and Company 075887109 24025.00000000 NS USD 6390650.00000000 3.233958500485 Long EC CORP US N 1 N N N Merck & Co., Inc 4YV9Y5M8S0BRK1RP0397 Merck & Company, Inc. 58933Y105 54990.00000000 NS USD 4511929.50000000 2.283240790861 Long EC CORP US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 McDonald's Corporation 580135101 29255.00000000 NS USD 7234176.40000000 3.660821084364 Long EC CORP US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 Charles Schwab Corporation (The) 808513105 114000.00000000 NS USD 9611340.00000000 4.863773590175 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 29970.00000000 NS USD 5311583.10000000 2.687901749787 Long EC CORP US N 1 N N N Northern Trust Corporation 549300GLF98S992BC502 Northern Trust Corporation 665859104 31100.00000000 NS USD 3621595.00000000 1.832691187213 Long EC CORP US N 1 N N N Prudential Financial, Inc. 5PRBRS5FEH7NREC8OR45 Prudential Financial, Inc. 744320102 32000.00000000 NS USD 3781440.00000000 1.913580000794 Long EC CORP US N 1 N N N Texas Instruments Incorporated WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 33965.00000000 NS USD 6231898.20000000 3.153622895644 Long EC CORP US N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic plc G5960L103 39400.00000000 NS USD 4371430.00000000 2.212141676946 Long EC CORP US N 1 N N N Exxon Mobil Corporation J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corporation 30231G102 63314.00000000 NS USD 5229103.26000000 2.646163213068 Long EC CORP US N 1 N N N The Home Depot, Inc. QEKMOTMBBKA8I816DO57 Home Depot, Inc. (The) 437076102 28575.00000000 NS USD 8553354.75000000 4.328385109720 Long EC CORP US N 1 N N N Comcast Corporation 51M0QTTNCGUN7KFCFZ59 Comcast Corporation Class A 20030N101 62700.00000000 NS USD 2935614.00000000 1.485553715106 Long EC CORP US N 1 N N N Republic Services, Inc. NKNQHM6BLECKVOQP7O46 Republic Services, Inc. 760759100 46550.00000000 NS USD 6167875.00000000 3.121224255151 Long EC CORP US N 1 N N N Deere & Company PWFTNG3EI0Y73OXWDH08 Deere & Company 244199105 26644.00000000 NS USD 11069516.24000000 5.601676846738 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Company 46625H100 27800.00000000 NS USD 3789696.00000000 1.917757910925 Long EC CORP US N 1 N N N Dupont De Nemours Inc 5493004JF0SDFLM8GD76 DuPont de Nemours, Inc. 26614N102 57891.00000000 NS USD 4259619.78000000 2.155560638803 Long EC CORP US N 1 N N N International Business Machines Corporation VGRQXHF3J8VDLUA7XE92 International Business Machines Corporation 459200101 23000.00000000 NS USD 2990460.00000000 1.513308276523 Long EC CORP US N 1 N N N The Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company (The) 742718109 34930.00000000 NS USD 5337304.00000000 2.700917690763 Long EC CORP US N 1 N N N Invesco 549300UJV6OHYATSFU27 InvesCo STIT Government & Agency Portfolio INSTITUTIONAL CLASS 825252885 3150488.27000000 PA USD 3150488.27000000 1.594289833029 Long STIV RF US N 1 N N N Carrier Global Corporation 549300JE3W6CWY2NAN77 Carrier Global Corporation 14448C104 85210.00000000 NS USD 3908582.70000000 1.977919968628 Long EC CORP US N 1 N N N Chevron Corporation N/A Chevron Corporation 166764100 34870.00000000 NS USD 5677882.10000000 2.873265643095 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 Caterpillar, Inc. 149123101 35930.00000000 NS USD 8005922.60000000 4.051359634231 Long EC CORP US N 1 N N N BlackRock, Inc. 549300LRIF3NWCU26A80 BlackRock, Inc. 09247X101 10764.00000000 NS USD 8225525.88000000 4.162488845515 Long EC CORP US N 1 N N N Union Pacific Corporation 549300LMMRSZZCZ8CL11 Union Pacific Corporation 907818108 17500.00000000 NS USD 4781175.00000000 2.419491215065 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 35775.00000000 NS USD 11029790.25000000 5.581573695564 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 66086.00000000 NS USD 3366420.84000000 1.703561498709 Long EC CORP US N 1 N N N M&T Bank Corporation 549300WYXDDBYRASEG81 M&T Bank Corporation 55261F104 23890.00000000 NS USD 4049355.00000000 2.049157131705 Long EC CORP US N 1 N N N Intel Corporation KNX4USFCNGPY45LOCE31 Intel Corporation 458140100 127965.00000000 NS USD 6341945.40000000 3.209311765774 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 4851035.00000000 2.454843540861 Long EC CORP US N 1 N N N Pepsico Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 33095.00000000 NS USD 5539441.10000000 2.803208223464 Long EC CORP US N 1 N N N 2022-04-22 Cutler Equity Fund Daniel Bauer Daniel Bauer AVP, Fund Accounting XXXX NPORT-EX 2 cutlernport.htm CUTLER SOI 03-31-22

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2022 (Unaudited)
     
COMMON STOCKS - 98.5% Shares Value
Communications - 3.2%    
Cable & Satellite - 1.5%    
Comcast Corporation - Class A 62,700   $ 2,935,614  
       
Telecommunications - 1.7%    
Verizon Communications, Inc. 66,086   3,366,421  
       
Consumer Discretionary - 8.0%    
Leisure Facilities & Services - 3.7%    
McDonald's Corporation 29,255   7,234,176  
       
Retail - Discretionary - 4.3%    
Home Depot, Inc. (The) 28,575   8,553,355  
       
Consumer Staples - 11.9%    
Beverages - 2.8%    
PepsiCo, Inc. 33,095   5,539,441  
       
Household Products - 2.7%    
Procter & Gamble Company (The) 34,930   5,337,304  
       
Retail - Consumer Staples - 6.4%    
Kroger Company (The) 106,221   6,093,899  
Walmart, Inc. 43,502   6,478,318  
        12,572,217  
Energy - 5.5%    
Oil & Gas Producers - 5.5%    
Chevron Corporation 34,870   5,677,882  
Exxon Mobil Corporation 63,314   5,229,103  
        10,906,985  
Financials - 22.3%    
Asset Management - 9.0%    
BlackRock, Inc. 10,764   8,225,526  
Charles Schwab Corporation (The) 114,000   9,611,340  
        17,836,866  
Banking - 8.3%    
JPMorgan Chase & Company 27,800   3,789,696  
M&T Bank Corporation 23,890   4,049,355  
Northern Trust Corporation 31,100   3,621,595  
PNC Financial Services Group, Inc. (The) 26,300   4,851,035  
        16,311,681  
 
 

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
     
COMMON STOCKS - 98.5% (Continued) Shares Value
Financials - 22.3% (Continued)    
Insurance - 5.0%    
Marsh & McLennan Companies, Inc. 36,400   $ 6,203,288  
Prudential Financial, Inc. 32,000   3,781,440  
        9,984,728  
Health Care - 13.6%    
Biotech & Pharma - 8.1%    
Bristol-Myers Squibb Company 85,363   6,234,060  
Johnson & Johnson 29,970   5,311,583  
Merck & Company, Inc. 54,990   4,511,930  
        16,057,573  
Medical Equipment & Devices - 5.5%    
Becton, Dickinson and Company 24,025   6,390,650  
Medtronic plc 39,400   4,371,430  
        10,762,080  
Industrials - 18.4%    
Aerospace & Defense - 1.2%    
Raytheon Technologies Corporation 24,010   2,378,671  
       
Commercial Support Services - 3.1%    
Republic Services, Inc. 46,550   6,167,875  
       
Electrical Equipment - 2.0%    
Carrier Global Corporation 85,210   3,908,582  
       
Machinery - 9.7%    
Caterpillar, Inc. 35,930   8,005,923  
Deere & Company 26,644   11,069,516  
        19,075,439  
Transportation & Logistics - 2.4%    
Union Pacific Corporation 17,500   4,781,175  
       
Materials - 2.1%    
Chemicals - 2.1%    
DuPont de Nemours, Inc. 57,891   4,259,620  
       
Technology - 13.5%    
Semiconductors - 6.4%    
Intel Corporation 127,965   6,341,946  
Texas Instruments, Inc. 33,965   6,231,898  
        12,573,844  
 
 

 

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)
     
COMMON STOCKS - 98.5% (Continued) Shares Value
Technology - 13.5% (Continued)    
Software - 5.6%    
Microsoft Corporation 35,775   $ 11,029,790  
       
Technology Services - 1.5%    
International Business Machines Corporation 23,000   2,990,460  
       
Total Common Stocks (Cost $91,908,453) $ 194,563,897  
       
         
MONEY MARKET FUNDS - 1.6% Shares Value
Invesco Short-Term Investment Trust Government & Agency Portfolio - Institutional Class, 0.25% (a) (Cost $3,150,488) 3,150,488   $ 3,150,488  
         
Total Investments at Value - 100.1% (Cost $95,058,941) $ 197,714,385  
       
Liabilities in Excess of Other Assets - (0.1%)     (103,624 )
       
Net Assets - 100.0% $ 197,610,761  
 

 

 

(a) The rate shown is the 7-day effective yield as of March 31, 2022.