PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS | ||
February 28, 2022 (Unaudited) | ||
COMMON STOCKS - 95.2% | Shares | Value |
Consumer Discretionary - 8.5% | ||
Home & Office Products - 2.6% | ||
Scotts Miracle-Gro Company (The) | 7,600 | $ 1,064,456 |
Leisure Products - 0.3% | ||
YETI Holdings, Inc. (a) | 1,900 | 116,964 |
Retail - Discretionary - 5.6% | ||
O'Reilly Automotive, Inc. (a) | 3,500 | 2,272,340 |
Consumer Staples - 10.3% | ||
Food - 5.0% | ||
McCormick & Company, Inc. | 17,400 | 1,655,958 |
Utz Brands, Inc. | 24,000 | 366,000 |
2,021,958 | ||
Household Products - 5.3% | ||
Church & Dwight Company, Inc. | 17,000 | 1,663,450 |
Clorox Company (The) | 3,500 | 510,265 |
2,173,715 | ||
Financials - 9.1% | ||
Asset Management - 4.0% | ||
T. Rowe Price Group, Inc. | 11,200 | 1,619,072 |
Institutional Financial Services - 5.1% | ||
FactSet Research Systems, Inc. | 5,100 | 2,071,059 |
Health Care - 15.8% | ||
Health Care Facilities & Services - 2.7% | ||
ICON plc (a) | 4,537 | 1,079,851 |
Medical Equipment & Devices - 13.1% | ||
Mettler-Toledo International, Inc. (a) | 1,885 | 2,655,475 |
Quidel Corporation (a) | 1,600 | 169,264 |
ResMed, Inc. | 5,300 | 1,307,775 |
Teleflex, Inc. | 3,600 | 1,210,716 |
5,343,230 |
PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 95.2% (Continued) | Shares | Value |
Industrials - 21.8% | ||
Electrical Equipment - 5.7% | ||
AMETEK, Inc. | 17,900 | $ 2,323,241 |
Industrial Intermediate Products - 4.0% | ||
RBC Bearings, Inc. (a) | 8,350 | 1,618,647 |
Machinery - 6.5% | ||
IDEX Corporation | 11,000 | 2,110,900 |
Valmont Industries, Inc. | 2,500 | 541,125 |
2,652,025 | ||
Transportation & Logistics - 5.6% | ||
Expeditors International of Washington, Inc. | 22,100 | 2,284,256 |
Materials - 4.3% | ||
Chemicals - 4.3% | ||
Ecolab, Inc. | 10,000 | 1,762,600 |
Technology - 25.4% | ||
Semiconductors - 4.7% | ||
NXP Semiconductors N.V. | 4,400 | 836,528 |
Silicon Laboratories, Inc. (a) | 7,100 | 1,091,341 |
1,927,869 | ||
Software - 12.4% | ||
ANSYS, Inc. (a) | 6,820 | 2,210,976 |
Bottomline Technologies (de), Inc. (a) | 21,300 | 1,206,432 |
Informatica, Inc. - Class A (a) | 7,000 | 141,120 |
Pegasystems, Inc. | 17,130 | 1,492,365 |
5,050,893 | ||
Technology Hardware - 4.4% | ||
Trimble, Inc. (a) | 25,500 | 1,778,625 |
PAPP SMALL & MID-CAP GROWTH FUND | ||
SCHEDULE OF INVESTMENTS (Continued) | ||
COMMON STOCKS - 95.2% (Continued) | Shares | Value |
Technology - 25.4% (Continued) | ||
Technology Services - 3.9% | ||
CoStar Group, Inc. (a) | 26,250 | $ 1,601,513 |
Total Common Stocks (Cost $14,145,115) | $ 38,762,314 | |
EXCHANGE-TRADED FUNDS - 2.9% | Shares | Value |
Health Care - 2.9% | ||
Biotech & Pharma - 2.9% | ||
SPDR® S&P® Biotech ETF (Cost $827,662) | 13,300 | $ 1,194,739 |
MONEY MARKET FUNDS - 1.9% | Shares | Value |
Fidelity Institutional Money Market Government Portfolio - Class I, 0.01% (b) (Cost $772,566) | 772,566 | $ 772,566 |
Total Investments at Value - 100.0% (Cost $15,745,343) | $ 40,729,619 | |
Other Assets in Excess of Liabilities - 0.0% (c) | 10,123 | |
Net Assets - 100.0% | $ 40,739,742 | |
(a) | Non-income producing security. |
(b) | The rate shown is the 7-day effective yield as of February 28, 2022. |
(c) | Percentage rounds to less than 0.1%. |