0001145549-20-045229.txt : 20200811
0001145549-20-045229.hdr.sgml : 20200811
20200811112818
ACCESSION NUMBER: 0001145549-20-045229
CONFORMED SUBMISSION TYPE: N-CEN
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20200531
FILED AS OF DATE: 20200811
DATE AS OF CHANGE: 20200811
EFFECTIVENESS DATE: 20200811
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: BRAGG CAPITAL TRUST
CENTRAL INDEX KEY: 0001170611
IRS NUMBER: 566592123
FISCAL YEAR END: 0531
FILING VALUES:
FORM TYPE: N-CEN
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-21073
FILM NUMBER: 201091555
BUSINESS ADDRESS:
STREET 1: 1031 SOUTH CALDWELL STREET
STREET 2: SUITE 200
CITY: CHARLOTTE
STATE: NC
ZIP: 28203
BUSINESS PHONE: 7047147711
MAIL ADDRESS:
STREET 1: 1031 SOUTH CALDWELL STREET
STREET 2: SUITE 200
CITY: CHARLOTTE
STATE: NC
ZIP: 28203
0001170611
S000004901
Queens Road Small Cap Value Fund
C000013255
Queens Road Small Cap Value Fund
QRSVX
0001170611
S000004902
Queens Road Value Fund
C000013256
Queens Road Value Fund
QRVLX
N-CEN
1
primary_doc.xml
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BRAGG CAPITAL TRUST
811-21073
0001170611
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1031 SOUTH CALDWELL STREET
SUITE 200
CHARLOTTE
28203
US-NC
US
7047147711
UMB FUND SERVICES, INC.
235 WEST GALENA STREET
MILWAUKEE
53212
4142992000
CERTAIN REQUIRED ACCOUNTING RELATED AND FINANCIAL BOOKS AND RECORDS
BRAGG FINANCIAL ADVISORS, INC.
1031 SOUTH CALDWELL STREET
SUITE 200
CHARLOTTE
28203
7047147711
OTHER REQUIRED BOOKS AND RECORDS
N
N
N
N-1A
2
Y
BENTON S. BRAGG
002350317
Y
STEVEN H. SCRUGGS
004127278
Y
PHILIP C. BLOUNT, III
N/A
N
TIMOTHY J. IGNASHER
N/A
N
CHRISTOPHER B. BRADY
N/A
N
HAROLD J. SMITH
N/A
N
STEVEN H. SCRUGGS
004127278
1031 CALDWELL STREET
SUITE 200
CHARLOTTE
28203
XXXXXX
N
N
N
N
N
N
N
QUEENS ROAD SECURITIES, LLC
8-52737
000104277
N/A
Y
N
COHEN & COMPANY, LTD.
00925
N/A
N
N
N
N
N
N
N
Queens Road Small Cap Value Fund
S000004901
549300B63U5Z5K3GM847
N
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
BRAGG FINANCIAL ADVISORS, INC.
801-56890
000108780
N/A
N
UMB FUND SERVICES, INC.
084-05792
N/A
N
N
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INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
N
US BANK, NA
N/A
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
TRADESTATION SECURITIES, INC.
8-48711
000039473
549300T08P71XXBYLW62
21361.000000000000
21361.000000000000
0.000000000000
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123881904.000000000000
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N
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Queens Road Value Fund
S000004902
549300WY9Y96471JHG14
N
1
0
0
N/A
N
N
N
N
N/A
N/A
N/A
Rule 32a-4 (17 CFR 270.32a-4)
N
N
N
N
BRAGG FINANCIAL ADVISORS, INC.
801-56890
000108780
N/A
N
UMB FUND SERVICES, INC.
084-05792
N/A
N
N
N
INTERCONTINENTAL EXCHANGE, INC.
5493000F4ZO33MV32P92
N
N
US BANK, NA
N/A
N
N
Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1))
N
N
UMB FUND SERVICES, INC.
084-05792
SEC File Number
N
N
N
TRADESTATION SECURITIES, INC.
8-48711
000039473
549300T08P71XXBYLW62
1330.000000000000
1330.000000000000
0.000000000000
N
38317610.000000000000
N
N
N
N
true
INTERNAL CONTROL RPT
2
internalcontrolrpt.txt
BRAGG AUDIT LETTER
REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM
To the Shareholders and Board of Trustees
of
Bragg Capital Trust
In planning and performing our audit of the
financial statements of Bragg Capital Trust
comprising Queens Road Value Fund and
Queens Road Small Cap Value Fund (the
Funds) as of and for the year ended May 31,
2020, in accordance with the standards of
the Public Company Accounting Oversight
Board (United States), we considered the
Funds internal control over financial
reporting, including controls over
safeguarding securities, as a basis for
designing our auditing procedures for the
purpose of expressing our opinion on the
financial statements and to comply with the
requirements of Form N-CEN, but not for
the purpose of expressing an opinion on the
effectiveness of the Funds internal control
over financial reporting. Accordingly, we
express no such opinion.
The management of the Funds is
responsible for establishing and maintaining
effective internal control over financial
reporting. In fulfilling this responsibility,
estimates and judgments by management
are required to assess the expected benefits
and related costs of controls. A funds
internal control over financial reporting is a
process designed to provide reasonable
assurance regarding the reliability of
financial reporting and the preparation of
financial statements for external purposes
in accordance with generally accepted
accounting principles (GAAP). A funds
internal control over financial reporting
includes those policies and procedures that
(1) pertain to the maintenance of records
that, in reasonable detail, accurately and
fairly reflect the transactions and
dispositions of the assets of the fund; (2)
provide reasonable assurance that
transactions are recorded as necessary to
permit preparation of financial statements
in accordance with GAAP, and that receipts
and expenditures of the fund are being
made only in accordance with
authorizations of management and trustees
of the fund; and (3) provide reasonable
assurance regarding prevention or timely
detection of unauthorized acquisition, use
or disposition of a funds assets that could
have a material effect on the financial
statements.
Because of its inherent limitations, internal
control over financial reporting may not
prevent or detect misstatements. Also,
projections of any evaluation of
effectiveness to future periods are subject
to the risk that controls may become
inadequate because of changes in
conditions, or that the degree of
compliance with the policies or procedures
may deteriorate.
A deficiency in internal control over
financial reporting exists when the design
or operation of a control does not allow
management or employees, in the normal
course of performing their assigned
functions, to prevent or detect
misstatements on a timely basis. A material
weakness is a deficiency, or combination of
deficiencies, in internal control over
financial reporting, such that there is a
reasonable possibility that a material
misstatement of the Funds annual or
interim financial statements will not be
prevented or detected on a timely basis.
Our consideration of the Funds internal
control over financial reporting was for the
limited purpose described in the first
paragraph and would not necessarily
disclose all deficiencies in internal control
that might be material weaknesses under
standards established by the Public
Company Accounting Oversight Board
(United States). However, we noted no
deficiencies in the Funds internal control
over financial reporting and its operation,
including controls over safeguarding
securities, that we consider to be a material
weakness as defined above as of May 31,
2020.
This report is intended solely for the
information and use of management and
the Board of trustees of the Funds and the
Securities and Exchange Commission and is
not intended to be and should not be used
by anyone other than these specified
parties.
/s/ COHEN & COMPANY, LTD.
COHEN & COMPANY, LTD.
Milwaukee, Wisconsin
July 30, 2020