HODGES BLUE CHIP EQUITY INCOME FUND | ||||||
SCHEDULE OF INVESTMENTS at June 30, 2023 (Unaudited) | ||||||
Shares | Value | |||||
COMMON STOCKS: 99.7% | ||||||
Auto Manufacturers: 5.2% | ||||||
6,000 | Tesla, Inc. 1 | $ | 1,570,620 | |||
Banks: 6.6% | ||||||
3,000 | The Goldman Sachs Group, Inc. | 967,620 | ||||
7,000 | JPMorgan Chase & Co. | 1,018,080 | ||||
1,985,700 | ||||||
Beverages: 3.7% | ||||||
6,000 | PepsiCo, Inc. | 1,111,320 | ||||
Building Products Retail: 6.0% | ||||||
3,250 | The Home Depot, Inc. | 1,009,580 | ||||
3,500 | Lowe’s Companies, Inc. | 789,950 | ||||
1,799,530 | ||||||
Computers: 7.8% | ||||||
12,000 | Apple, Inc. | 2,327,640 | ||||
Discount Retail: 3.6% | ||||||
2,000 | Costco Wholesale Corp. | 1,076,760 | ||||
Diversified Financial Services: 5.0% | ||||||
6,000 | American Express Co. | 1,045,200 | ||||
8,000 | The Charles Schwab Corp. | 453,440 | ||||
1,498,640 | ||||||
Insurance: 2.6% | ||||||
4,000 | Chubb Ltd. | 770,240 | ||||
Internet: 3.5% | ||||||
8,000 | Amazon.com, Inc. 1 | 1,042,880 | ||||
Machinery - Diversified: 5.4% | ||||||
4,000 | Deere & Co. | 1,620,760 | ||||
Oil Companies Exploration & Production: 1.7% | ||||||
5,000 | ConocoPhillips | 518,050 | ||||
Oil Companies Integrated: 5.4% | ||||||
15,000 | Exxon Mobil Corp. | 1,608,750 | ||||
Oil Refining & Marketing: 2.6% | ||||||
8,000 | Phillips 66 | 763,040 | ||||
Pharmaceuticals: 9.1% | ||||||
5,000 | AbbVie, Inc. | 673,650 | ||||
8,000 | Merck & Co., Inc. | 923,120 | ||||
7,000 | Novo Nordisk A/S - Class A | 1,132,810 | ||||
2,729,580 | ||||||
Pipelines: 3.1% | ||||||
15,000 | ONEOK, Inc. | 925,800 | ||||
Restaurants: 1.7% | ||||||
5,000 | Starbucks Corp. | 495,300 | ||||
Semiconductors: 12.6% | ||||||
4,000 | NVIDIA Corp. | 1,692,080 | ||||
10,000 | Taiwan Semiconductor Manufacturing Co. Ltd. - ADR | 1,009,200 | ||||
6,000 | Texas Instruments, Inc. | 1,080,120 | ||||
3,781,400 | ||||||
Software: 8.0% | ||||||
4,000 | Activision Blizzard, Inc. 1 | 337,200 | ||||
6,000 | Microsoft Corp. | 2,043,240 | ||||
2,380,440 | ||||||
Transportation: 6.1% | ||||||
4,500 | Union Pacific Corp. | 920,790 | ||||
5,000 | United Parcel Service, Inc. - Class B | 896,250 | ||||
1,817,040 | ||||||
TOTAL COMMON STOCKS | ||||||
(Cost $18,733,048) | 29,823,490 | |||||
TOTAL INVESTMENTS IN SECURITIES: 99.7% | ||||||
(Cost $18,733,048) | 29,823,490 | |||||
Other Assets in Excess of Liabilities: 0.3% | 83,092 | |||||
TOTAL NET ASSETS: 100.0% | $ | 29,906,582 | ||||
ADR - American Depositary Receipt | ||||||
1 | Non-income producing security. |
Hodges Blue Chip Equity Income Fund | ||||
Summary of Fair Value Exposure at June 30, 2023 (Unaudited) | ||||
The Hodges Blue Chip Equity Income Fund (the “Fund”) utilizes various methods to measure the fair value of its investments on a recurring basis. U.S. GAAP (Generally Accepted Accounting Principles) establishes a hierarchy that prioritizes inputs to valuation methods. The three levels of inputs are: | ||||
• Level 1 — Unadjusted quoted prices in active markets for identical assets or liabilities that the Fund has the ability to access. • Level 2 — Observable inputs other than quoted prices included in Level 1 that are observable for the asset or liability, either directly or indirectly. These inputs may include quoted prices for the identical instrument on an inactive market, prices for similar instruments, interest rates, prepayment spreads, credit risk, yield curves, default rates and similar data. • Level 3 — Unobservable inputs for the asset or liability, to the extent relevant observable inputs are not available, representing the Fund’s own assumptions about the assumptions a market participant would use in valuing the asset or liability, and would be based on the best information available. | ||||
The following is a summary of the inputs used to value the Fund’s investments as of June 30, 2023. See the Schedule of Investments for an industry breakout. |
Description | Level 1 | Level 2 | Level 3 | Total | |||||||||||
Common Stocks | $ | 29,823,490 | $ | - | $ | - | $ | 29,823,490 | |||||||
Total Investments in Securities | $ | 29,823,490 | $ | - | $ | - | $ | 29,823,490 |