PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS | ||
August 31, 2021 (Unaudited) | ||
COMMON STOCKS - 94.8% | Shares | Value |
Consumer Discretionary - 6.8% | ||
Home & Office Products - 2.5% | ||
Scotts Miracle-Gro Company (The) | 7,600 | $ 1,191,908 |
Retail - Discretionary - 4.3% | ||
O'Reilly Automotive, Inc. (a) | 3,500 | 2,079,280 |
Consumer Staples - 8.2% | ||
Food - 4.1% | ||
McCormick & Company, Inc. | 17,400 | 1,501,446 |
Utz Brands, Inc. | 24,000 | 466,080 |
1,967,526 | ||
Household Products - 4.1% | ||
Church & Dwight Company, Inc. | 17,000 | 1,422,220 |
Clorox Company (The) | 3,500 | 588,175 |
2,010,395 | ||
Financials - 9.2% | ||
Asset Management - 5.2% | ||
T. Rowe Price Group, Inc. | 11,200 | 2,507,344 |
Institutional Financial Services - 4.0% | ||
FactSet Research Systems, Inc. | 5,100 | 1,939,122 |
Health Care - 15.8% | ||
Health Care Facilities & Services - 2.4% | ||
ICON plc (a) | 4,537 | 1,160,429 |
Medical Equipment & Devices - 13.4% | ||
Mettler-Toledo International, Inc. (a) | 2,135 | 3,315,292 |
Quidel Corporation (a) | 1,600 | 206,320 |
ResMed, Inc. | 5,300 | 1,539,809 |
Teleflex, Inc. | 3,600 | 1,423,656 |
6,485,077 |
PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 94.8% (Continued) | Shares | Value |
Industrials - 21.4% | ||
Electrical Equipment - 5.1% | ||
AMETEK, Inc. | 17,900 | $ 2,433,863 |
Industrial Intermediate Products - 4.0% | ||
RBC Bearings, Inc. (a) | 8,350 | 1,933,192 |
Machinery - 6.4% | ||
IDEX Corporation | 11,000 | 2,464,000 |
Valmont Industries, Inc. | 2,500 | 622,150 |
3,086,150 | ||
Transportation & Logistics - 5.9% | ||
Expeditors International of Washington, Inc. | 23,000 | 2,866,720 |
Materials - 4.7% | ||
Chemicals - 4.7% | ||
Ecolab, Inc. | 10,000 | 2,253,600 |
Technology - 28.7% | ||
Semiconductors - 7.2% | ||
Analog Devices, Inc. | 8,600 | 1,401,370 |
NXP Semiconductors N.V. | 4,400 | 946,572 |
Silicon Laboratories, Inc. (a) | 7,100 | 1,119,102 |
3,467,044 | ||
Software - 11.9% | ||
ANSYS, Inc. (a) | 6,820 | 2,491,755 |
Bottomline Technologies (de), Inc. (a) | 21,300 | 900,351 |
Pegasystems, Inc. | 17,130 | 2,357,602 |
5,749,708 | ||
Technology Hardware - 5.0% | ||
Trimble, Inc. (a) | 25,500 | 2,402,610 |
PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 94.8% (Continued) | Shares | Value |
Technology - 28.7% (Continued) | ||
Technology Services - 4.6% | ||
CoStar Group, Inc. (a) | 26,250 | $ 2,224,425 |
Total Common Stocks (Cost $14,459,557) | $ 45,758,393 | |
EXCHANGE-TRADED FUNDS - 3.7% | Shares | Value |
Health Care - 3.7% | ||
Biotech & Pharma - 3.7% | ||
SPDR® S&P® Biotech ETF (Cost $827,663) | 13,300 | $ 1,766,772 |
MONEY MARKET FUNDS - 1.5% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% (b) (Cost $716,751) | 716,751 | $ 716,751 |
Total Investments at Value - 100.0% (Cost $16,003,971) | $ 48,241,916 | |
Other Assets in Excess of Liabilities - 0.0% (c) | 1,512 | |
Net Assets - 100.0% | $ 48,243,428 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of August 31, 2021. |
(c) | Percentage rounds to less than 0.1%. |