RTX Corporation

0001752724-24-120512.txt : 20240528 0001752724-24-120512.hdr.sgml : 20240528 20240528112951 ACCESSION NUMBER: 0001752724-24-120512 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240528 DATE AS OF CHANGE: 20240528 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CUTLER TRUST CENTRAL INDEX KEY: 0000892568 ORGANIZATION NAME: 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: 24987948 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 2024-06-30 2024-03-31 N 200966505.20 1113186.41 199853318.79 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 RTX Corp. I07WOS4YJ0N7YRFE7309 RTX Corporation 75513E101 63545.00000000 NS USD 6197543.85000000 3.101046251081 Long EC CORP US N 1 N N N The Kroger Co. 6CPEOKI6OYJ13Q6O7870 Kroger Company (The) 501044101 100721.00000000 NS USD 5754190.73000000 2.879206992827 Long EC CORP US N 1 N N N Walmart Inc Y87794H0US1R65VBXU25 Walmart, Inc. 931142103 127506.00000000 NS USD 7672036.02000000 3.838833433665 Long EC CORP US N 1 N N N Nike, Inc. 787RXPR0UX0O0XUXPZ81 NIKE, Inc. Class B 654106103 48750.00000000 NS USD 4581525.00000000 2.292443792146 Long EC CORP US N 1 N N N Becton, Dickinson and Company ICE2EP6D98PQUILVRZ91 Becton, Dickinson and Company 075887109 23725.00000000 NS USD 5870751.25000000 2.937530027294 Long EC CORP US N 1 N N N Merck & Co., Inc 4YV9Y5M8S0BRK1RP0397 Merck & Company, Inc. 58933Y105 49590.00000000 NS USD 6543400.50000000 3.274101495845 Long EC CORP US N 1 N N N McDonald's Corporation UE2136O97NLB5BYP9H04 McDonald's Corporation 580135101 27755.00000000 NS USD 7825522.25000000 3.915632873839 Long EC CORP US N 1 N N N The Charles Schwab Corporation 549300VSGCJ7E698NM85 Charles Schwab Corporation (The) 808513105 110300.00000000 NS USD 7979102.00000000 3.992479108332 Long EC CORP US N 1 N N N Johnson & Johnson 549300G0CFPGEF6X2043 Johnson & Johnson 478160104 27470.00000000 NS USD 4345479.30000000 2.174334319944 Long EC CORP US N 1 N N N Northern Trust Corporation 549300GLF98S992BC502 Northern Trust Corporation 665859104 30300.00000000 NS USD 2694276.00000000 1.348126724295 Long EC CORP US N 1 N N N Texas Instruments Incorporated WDJNR2L6D8RWOEB8T652 Texas Instruments, Inc. 882508104 32765.00000000 NS USD 5707990.65000000 2.856089998684 Long EC CORP US N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic plc G5960L103 66400.00000000 NS USD 5786760.00000000 2.895503579843 Long EC CORP US N 1 N N N Nextera Energy Inc N/A NextEra Energy, Inc. 65339F101 75049.00000000 NS USD 4796381.59000000 2.399950933534 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corporation 30231G102 60814.00000000 NS USD 7069019.36000000 3.537103813336 Long EC CORP US N 1 N N N Home Depot Inc QEKMOTMBBKA8I816DO57 Home Depot, Inc. (The) 437076102 26575.00000000 NS USD 10194170.00000000 5.100825976631 Long EC CORP US N 1 N N N Comcast Corporation 51M0QTTNCGUN7KFCFZ59 Comcast Corporation Class A 20030N101 60900.00000000 NS USD 2640015.00000000 1.320976312019 Long EC CORP US N 1 N N N Republic Services, Inc. NKNQHM6BLECKVOQP7O46 Republic Services, Inc. 760759100 42050.00000000 NS USD 8050052.00000000 4.027980145007 Long EC CORP US N 1 N N N Deere & Company PWFTNG3EI0Y73OXWDH08 Deere & Company 244199105 17783.00000000 NS USD 7304189.42000000 3.654775144202 Long EC CORP US N 1 N N N JPMorgan Chase & Co. 8I5DZWZKVSZI1NUHU748 JPMorgan Chase & Company 46625H100 25800.00000000 NS USD 5167740.00000000 2.585766416733 Long EC CORP US N 1 N N N Dupont De Nemours Inc 5493004JF0SDFLM8GD76 DuPont de Nemours, Inc. 26614N102 55891.00000000 NS USD 4285162.97000000 2.144154020530 Long EC CORP US N 1 N N N International Business Machines Corporation VGRQXHF3J8VDLUA7XE92 International Business Machines Corporation 459200101 23000.00000000 NS USD 4392080.00000000 2.197651771104 Long EC CORP US N 1 N N N The Procter & Gamble Company 2572IBTT8CCZW6AU4141 Procter & Gamble Company (The) 742718109 32230.00000000 NS USD 5229317.50000000 2.616577763962 Long EC CORP US N 1 N N N Invesco 549300UJV6OHYATSFU27 InvesCo STIT Government & Agency Portfolio INSTITUTIONAL CLASS 825252885 693859.18000000 PA USD 693859.18000000 0.347184217005 Long STIV RF US N 1 N N N Carrier Global Corporation 549300JE3W6CWY2NAN77 Carrier Global Corporation 14448C104 83710.00000000 NS USD 4866062.30000000 2.434816859415 Long EC CORP US N 1 N N N Chevron Corp. N/A Chevron Corporation 166764100 34070.00000000 NS USD 5374201.80000000 2.689073082467 Long EC CORP US N 1 N N N Caterpillar Inc WRJR7GS4GTRECRRTVX92 Caterpillar, Inc. 149123101 32880.00000000 NS USD 12048218.40000000 6.028530560785 Long EC CORP US N 1 N N N BlackRock, Inc. 549300LRIF3NWCU26A80 BlackRock, Inc. 09247X101 10284.00000000 NS USD 8573770.80000000 4.290031735229 Long EC CORP US N 1 N N N CVS Health Corp 549300EJG376EN5NQE29 CVS Health Corporation 126650100 76620.00000000 NS USD 6111211.20000000 3.057848244402 Long EC CORP US N 1 N N N Microsoft Corporation INR2EJN1ERAN0W5ZP974 Microsoft Corporation 594918104 32595.00000000 NS USD 13713368.40000000 6.861716624485 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 133686.00000000 NS USD 5609464.56000000 2.806790797351 Long EC CORP US N 1 N N N M&T Bank Corporation 549300WYXDDBYRASEG81 M&T Bank Corporation 55261F104 23040.00000000 NS USD 3350937.60000000 1.676698500824 Long EC CORP US N 1 N N N PNC Financial Services Group Inc. CFGNEKW0P8842LEUIA51 PNC Financial Services Group, Inc. (The) 693475105 25400.00000000 NS USD 4104640.00000000 2.053826288625 Long EC CORP US N 1 N N N Pepsico Inc FJSUNZKFNQ5YPJ5OT455 PepsiCo, Inc. 713448108 30895.00000000 NS USD 5406933.95000000 2.705451169255 Long EC CORP US N 1 N N N 2024-04-22 Cutler Equity Fund Daniel D. Bauer Daniel D. Bauer VP, Fund Accounting XXXX NPORT-EX 2 cutlernport.htm CUTLER SOI 03-31-24

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS
March 31, 2024 (Unaudited)

COMMON STOCKS - 99.7%	Shares	Value
Communications - 4.1%
Cable & Satellite - 1.3%
Comcast Corporation - Class A	60,900	$ 2,640,015

Telecommunications - 2.8%
Verizon Communications, Inc.	133,686	5,609,465

Consumer Discretionary - 11.3%
Apparel & Textile Products - 2.3%
NIKE, Inc. - Class B	48,750	4,581,525

Leisure Facilities & Services - 3.9%
McDonald's Corporation	27,755	7,825,522

Retail - Discretionary - 5.1%
Home Depot, Inc. (The)	26,575	10,194,170

Consumer Staples - 12.0%
Beverages - 2.7%
PepsiCo, Inc.	30,895	5,406,934

Household Products - 2.6%
Procter & Gamble Company (The)	32,230	5,229,317

Retail - Consumer Staples - 6.7%
Kroger Company (The)	100,721	5,754,191
Walmart, Inc.	127,506	7,672,036
		13,426,227
Energy - 6.2%
Oil & Gas Producers - 6.2%
Chevron Corporation	34,070	5,374,202
Exxon Mobil Corporation	60,814	7,069,019
		12,443,221
Financials - 16.0%
Asset Management - 8.3%
BlackRock, Inc.	10,284	8,573,771
Charles Schwab Corporation (The)	110,300	7,979,102
		16,552,873
Banking - 7.7%
JPMorgan Chase & Company	25,800	5,167,740
M&T Bank Corporation	23,040	3,350,938

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 99.7% (Continued)	Shares	Value
Financials - 16.0% (Continued)
Banking - 7.7% (Continued)
Northern Trust Corporation	30,300	$ 2,694,276
PNC Financial Services Group, Inc. (The)	25,400	4,104,640
		15,317,594
Health Care - 14.3%
Biotech & Pharma - 5.4%
Johnson & Johnson	27,470	4,345,479
Merck & Company, Inc.	49,590	6,543,401
		10,888,880
Health Care Facilities & Services - 3.1%
CVS Health Corporation	76,620	6,111,211

Medical Equipment & Devices - 5.8%
Becton, Dickinson and Company	23,725	5,870,751
Medtronic plc	66,400	5,786,760
		11,657,511
Industrials - 19.3%
Aerospace & Defense - 3.1%
RTX Corporation	63,545	6,197,544

Commercial Support Services - 4.0%
Republic Services, Inc.	42,050	8,050,052

Electrical Equipment - 2.5%
Carrier Global Corporation	83,710	4,866,062

Machinery - 9.7%
Caterpillar, Inc.	32,880	12,048,218
Deere & Company	17,783	7,304,190
		19,352,408
Materials - 2.2%
Chemicals - 2.2%
DuPont de Nemours, Inc.	55,891	4,285,163

Technology - 11.9%
Semiconductors - 2.8%
Texas Instruments, Inc.	32,765	5,707,991

Software - 6.9%
Microsoft Corporation	32,595	13,713,368

CUTLER EQUITY FUND
SCHEDULE OF INVESTMENTS (Continued)

COMMON STOCKS - 99.7% (Continued)	Shares	Value
Technology - 11.9% (Continued)
Technology Services - 2.2%
International Business Machines Corporation	23,000	$ 4,392,080

Utilities - 2.4%
Electric Utilities - 2.4%
NextEra Energy, Inc.	75,049	4,796,382

Total Common Stocks (Cost $95,231,552)		$ 199,245,515


MONEY MARKET FUNDS - 0.3%	Shares	Value
Invesco Short-Term Investment Trust Government & Agency Portfolio - Institutional Class, 5.23% ^(a) (Cost $693,859)	693,859	$ 693,859

Total Investments at Value - 100.0% (Cost $95,925,411)		$ 199,939,374

Liabilities in Excess of Other Assets - (0.0%) ^(b)		(86,055 )

Net Assets - 100.0%		$ 199,853,319

^(a)	The rate shown is the 7-day effective yield as of March 31, 2024.
^(b)	Percentage rounds to less than 0.1%.