Schedule of Investments May 31, 2020 (unaudited) MP 63 Fund
Shares or Principal Security Description Amount ($) Fair Value ($)(1)
Common Stocks - 98.17%
Aerospace/Aircraft/Defense - 3.54% Raytheon Technologies Corp 29,591 1,909,211 The Boeing Co. 3,903 569,253
2,478,464 Auto Parts-Retail/Wholesale - 1.29% Genuine Parts Co. 10,875 907,084
Banks-Money Center - 1.31% Bank of America Corp. 38,141 919,961
Banks-Regional - 2.79% Truist Financial Corp. 28,265 1,039,587 Us Bancorp 25,745 915,492
1,955,079 Beverages-Alcoholic/Soft Drink - 3.02% PepsiCo, Inc. 8,110 1,066,870 The Coca-Cola Co. 22,410 1,046,099
2,112,969 Biological Products - 0.47% Gilead Sciences, Inc. 4,220 328,443
Cable & Other Pay Television Services - 1.61% Comcast Corp 28,505 1,128,798
Chemicals-Diversified - 2.39% RPM International, Inc. 22,397 1,674,848
Commercial Services - 2.51% Ecolab, Inc. 8,286 1,761,438
Communications Equipment - 1.37% Qualcomm, Inc. 11,830 956,810
Containers-Paper/Plastic - 1.36% Amcor PLC 93,160 951,164
Cosmetics & Personal Care - 1.40% Colgate-Palmolive Co. 13,517 977,685
Diversified Operations - 2.70% 3M Co. 6,217 972,587 Corning, Inc. 40,467 922,243
1,894,830 Electronic Equipment - 2.15% Carrier Global Corp (2) 9,765 199,889 Emerson Electric Co. 17,190 1,048,934 Otis Worldwide Corp 4,882 257,037
1,505,860 Electronic-Semiconductors - 2.75% Intel Corp. 30,620 1,926,917
Financial Services Misc - 1.58% American Express Co. (2) 330 31,373 Paychex, Inc. 14,870 1,074,804
15,200 1,106,177 Food-Misc Preparation - 5.70% Shares or Principal Security Description Amount ($) Fair Value ($)(1) Archer-Daniels-Midland Co. 19,765 776,962 Conagra Brands, Inc. 28,397 987,932 General Mills, Inc. 13,330 840,323 Hormel Foods Corp. 28,428 1,388,139
3,993,356 Healthcare - 0.59% AbbVie, Inc. 3,487 323,140 UnitedHealth Group, Inc. 295 89,931
413,071 Household Appliances - 1.71% Stanley Black & Decker, Inc. 9,578 1,201,560
Insurance-Life/Property/Casual - 2.59% Aflac, Inc. 22,465 819,298 The Travelers Cos, Inc. 9,304 995,342
1,814,640 Leisure Products - 1.07% Polaris, Inc. 8,616 752,521
Leisure Services - 1.20% The Walt Disney Co. (2) 7,166 840,572
Machinery-Constrct/Mining/Farm - 3.45% Caterpillar, Inc. 9,044 1,086,456 Deere & Co. 8,736 1,328,920
2,415,376 Machinery-Electrical Eqpmt - 3.50% Dover Corp. 12,324 1,198,509 Johnson Controls International Plc. 7,630 239,658 Tennant Co. 15,908 1,017,158
2,455,325 Manufacturing - 2.41% Illinois Tool Works, Inc. 9,793 1,688,901
Medical Instruments/Products - 1.69% Medtronic Plc. 12,020 1,184,932
Medical-Drugs - 5.25% Abbott Laboratories 15,245 1,447,055 Johnson & Johnson 11,118 1,653,803 Merck & Co, Inc. 3,417 275,820 Pfizer, Inc. 7,990 305,138
3,681,816 Medical/Dental-Supplies - 2.45% Becton Dickinson and Co. 6,955 1,717,398
National Commercial Banks - 0.82% JPMorgan Chase & Co. 5,890 573,156
Oil & Gas-International - 0.78% Exxon Mobile Corp. 12,030 547,004
Paper & Paper Products - 1.66% Kimberly-Clark Corp. 8,240 1,165,466
Petroleum Refining - 0.86% Chevron Corp. 6,574 602,836
Pollution Control-Eqpmt/Svcs - 1.74% Waste Management, Inc. 11,440 1,221,220
Retail-Catalog & Mail Order Houses - 0.80% Amazon.com, Inc. (2) 229 559,303 Shares or Principal Security Description Amount ($) Fair Value ($)(1)
Retail-Food & Restaurant - 1.92% Starbucks Corp. 6,388 498,200 Yum! Brands, Inc. 9,455 848,397
1,346,597 Retail-Variety Stores - 2.45% Costco Wholesale Corp. 5,574 1,719,412
Retail/Wholesale-Bldg Products - 2.57% The Home Depot, Inc. 7,240 1,798,995
Services-Computer Programming, Data Processing, Etc - 1.18% Alphabet, Inc. (2) 576 825,707 Alphabet, Inc. (2) 3 4,287
829,994 Services-Prepackaged Software - 2.90% Microsoft Corp. 11,077 2,029,860
Shoes & Related Apparel - 0.82% Nike, Inc. 5,832 574,919
Soap & Cleaning Preparations - 1.89% The Proctor & Gamble Co. 11,413 1,322,995
Telecommunications Services - 1.28% AT&T, Inc. 29,100 898,026
Textile-Apparel/Mill Products - 1.14% VF Corp. 14,180 795,498
Transportation-Rail - 2.31% Union Pacific Corp. 9,511 1,615,538
Utility-Electric Power - 5.99% Duke Energy Corp. 10,831 927,459 Dominion Energy, Inc. (2) 8,379 712,299 MDU Resources Group, Inc. 33,190 722,214 NextEra Energy, Inc. (2) 7,179 1,834,665
4,196,637 Utility-Gas Distribution - 0.90% National Fuel Gas Co. 15,030 630,809
Utility-Water - 2.31% Essential Utilities, Inc. 36,995 1,618,901
Total Common Stock (Cost $ 35,402,187) 68,793,161
Money Market Registered Investment Companies - 1.45%
Fidelity Investments Money Market Funds - Gov't Portfolio, Class I 0.08% (3) 1,017,849 1,017,849
Total Money Market Registered Investment Companies (Cost $ 1,017,849) 1,017,849
Total Investments - 99.62% (Cost $ 36,420,036) 69,811,010
Other Assets less Liabilities - .38% 264,902
Total Net Assets - 100.00% 70,075,912
(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. These inputs are summarized in the three broad levels listed below. • Level 1 - quoted prices in active markets for identical securities • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) Shares or Principal Security Description Amount ($) Fair Value ($)(1)
The following is a summary of the inputs used as of May 31, 2020 in valuing the Fund's assets carried at fair value:
Investments in Other Financial Valuation Inputs Securities Instruments Level 1 - Quoted Prices $ 69,811,010 $ - Level 2 - Other Significant Observable Inputs - - Level 3 - Significant Unobservable Inputs -- Total $ 69,811,010 $ -
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active market, such securities are reflected as Level 2.
(2) Represents non-income producing securities. (3) Investment in affiliate. The yield shown represents the 7-day yield in effect at May 31, 2020.