Mundoval Fund | |||||||||
Schedule of Investments | |||||||||
March 31, 2024 (Unaudited) | |||||||||
Shares | Fair Value | % of Net Assets | |||||||
COMMON STOCKS | |||||||||
Aerospace & Defense | |||||||||
3,500 | Airbus SE ** | $ 161,560 | 0.59% | ||||||
Aircraft Engines & Engine Parts | |||||||||
800 | Honeywell International Inc. | 164,200 | |||||||
4,000 | RTX Corp. | 390,120 | |||||||
554,320 | 2.04% | ||||||||
Beverages | |||||||||
4,000 | Diageo PLC ** | 594,960 | |||||||
12,000 | LVMH Moët Hennessy Louis Vuitton ** | 2,172,360 | |||||||
2,767,320 | 10.19% | ||||||||
Cable & Other Pay Television Services | |||||||||
2,064 | The Walt Disney Company * | 252,551 | 0.93% | ||||||
Electronic Computers | |||||||||
10,000 | Apple Inc. | 1,714,800 | 6.31% | ||||||
Fabricated Rubber Products, NEC | |||||||||
400 | West Pharmaceutical Services, Inc. | 158,284 | 0.58% | ||||||
Fire, Marine & Casualty Insurance | |||||||||
1,600 | Berkshire Hathaway Inc. Class B * | 672,832 | 2.48% | ||||||
Food and Kindred Products | |||||||||
6,000 | Nestlé S.A. ** | 637,200 | 2.35% | ||||||
Guided Missiles & Space Vehicles & Parts | |||||||||
700 | Lockheed Martin Corporation | 318,409 | 1.17% | ||||||
Hospital & Medical Service Plans | |||||||||
500 | Elevance Health, Inc. | 259,270 | 0.95% | ||||||
Industrial Inorganic Chemicals | |||||||||
400 | Linde PLC (United Kingdom) | 185,728 | 0.68% | ||||||
Interactive Media & Services | |||||||||
2,500 | Tencent Holdings Limited ** | 97,575 | 0.36% | ||||||
National Commercial Banks | |||||||||
25,000 | Bank of America Corporation | 948,000 | |||||||
500 | Capital One Financial Corporation | 74,445 | |||||||
1,022,445 | 3.76% | ||||||||
Perfumes, Cosmetics & Other Toilet Preparations | |||||||||
5,000 | The Estée Lauder Companies Inc. Class A | 770,750 | 2.84% | ||||||
Pharmaceutical Preparations | |||||||||
2,000 | Merck & Co. | 263,900 | |||||||
18,000 | Novo Nordisk A/S ** | 2,311,200 | |||||||
10,000 | Roche Holding Ltd. ** | 319,200 | |||||||
600 | Zoetis Inc. Class A | 101,526 | |||||||
2,995,826 | 11.03% | ||||||||
Plastic Material, Synth Resin/Rubber, Cellulose (No Glass) | |||||||||
200 | Celanese Corporation | 34,372 | 0.13% | ||||||
Retail - Family Clothing Stores | |||||||||
12,000 | The TJX Companies, Inc. | 1,217,040 | 4.48% | ||||||
Retail - Variety Stores | |||||||||
100 | Costco Wholesale Corporation | 73,263 | 0.27% | ||||||
Rubber & Plastics Footwear | |||||||||
8,000 | NIKE, Inc. - Class B | 751,840 | 2.77% | ||||||
Search, Detection, Navigation, Guidance, Aeronautical Systems | |||||||||
500 | Northrop Grumman Corp. | 239,330 | 0.88% | ||||||
Security & Commodity Brokers, Dealers, Exchanges & Services | |||||||||
5,000 | T. Rowe Price Group, Inc. | 609,600 | 2.24% | ||||||
Security Brokers, Dealers & Flotation Companies | |||||||||
150 | BlackRock, Inc. | 125,055 | |||||||
1,500 | The Charles Schwab Corporation | 108,510 | |||||||
233,565 | 0.86% | ||||||||
Semiconductors & Related Devices | |||||||||
2,000 | Intel Corporation | 88,340 | |||||||
7,500 | Taiwan Semiconductor Manufacturing Company Ltd. ** | 1,020,375 | |||||||
1,108,715 | 4.08% | ||||||||
Services - Business Services, NEC | |||||||||
7,000 | MasterCard Incorporated Class A | 3,370,990 | |||||||
700 | Visa Inc. Class A | 195,356 | |||||||
3,566,346 | 13.13% | ||||||||
Services - Computer Programming, Data Processing, Etc. | |||||||||
14,000 | Alphabet Inc. Class A * | 2,113,020 | |||||||
12,000 | Alphabet Inc. Class C * | 1,827,120 | |||||||
3,940,140 | 14.51% | ||||||||
Services - Prepackaged Software | |||||||||
600 | Microsoft Corporation | 252,432 | 0.93% | ||||||
Soap, Detergents, Cleaning Preparations, Perfumes, Cosmetics | |||||||||
6,000 | Unilever PLC ** | 301,140 | 1.11% | ||||||
Special Industry Machinery, NEC | |||||||||
300 | ASML Holding N.V. ** | 291,141 | 1.07% | ||||||
Sugar & Confectionery Products | |||||||||
4,500 | The Hershey Company | 875,250 | 3.22% | ||||||
Total for Common Stocks (Cost - $8,299,456) | $ 26,063,044 | 95.97% | |||||||
Money Market Funds | |||||||||
1,078,329 | Invesco Treasury Portfolio Institutional Class 5.21% *** | 1,078,329 | 3.97% | ||||||
(Cost - $1,078,329) | |||||||||
Total Investment Securities | 27,141,373 | 99.94% | |||||||
(Cost - $9,377,785) | |||||||||
Other Assets in Excess of Liabilities | 17,040 | 0.06% | |||||||
Net Assets | $ 27,158,413 | 100.00% | |||||||
* Non-Income Producing Securities. | |||||||||
** ADR - American Depositary Receipt. | |||||||||
*** The yield shown represents the 7-day yield at March 31, 2024. |