0001162044-21-001322.txt : 20211028 0001162044-21-001322.hdr.sgml : 20211028 20211028130434 ACCESSION NUMBER: 0001162044-21-001322 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210831 FILED AS OF DATE: 20211028 PERIOD START: 20211130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSS Series Trust CENTRAL INDEX KEY: 0001368578 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-21927 FILM NUMBER: 211356701 BUSINESS ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 BUSINESS PHONE: 440-922-0066 MAIL ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 FORMER COMPANY: FORMER CONFORMED NAME: AMM FUNDS DATE OF NAME CHANGE: 20071002 FORMER COMPANY: FORMER CONFORMED NAME: FALLEN ANGELS FAMILY OF FUNDS DATE OF NAME CHANGE: 20070611 FORMER COMPANY: FORMER CONFORMED NAME: American Money Management Funds DATE OF NAME CHANGE: 20060710 0001368578 S000067243 Towpath Focus Fund C000216314 Institutional Share Class TOWFX NPORT-P 1 primary_doc.xml NPORT-P false 0001368578 XXXXXXXX S000067243 C000216314 MSS Series Trust 811-21927 0001368578 5493008Y245E2ZHP5235 8000 Town Centre Drive Suite 400 Broadview Heights 44147 440-922-0066 Towpath Focus Fund S000067243 549300QMJOD5VT8KIB57 2021-11-30 2021-08-31 N 22336113.54 44602.20 22291511.34 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1000.00 N Allstate Corp. OBT0W1ED8G0NWVOLOJ77 Allstate Corp. 020002101 4005.00 NS USD 541796.40 2.43 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. Class A 02079K305 483.00 NS USD 1397777.85 6.27 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 62.00 NS USD 215188.98 0.97 Long EC CORP US N 1 N N N AmerisourceBergen Corp. AI8GXW8LG5WK7E9UD086 AmerisourceBergen Corp. 03073E105 4940.00 NS USD 603717.40 2.71 Long EC CORP US N 1 N N N Amgen, Inc. 62QBXGPJ34PQ72Z12S66 Amgen, Inc. 031162100 2320.00 NS USD 523229.60 2.35 Long EC CORP US N 1 N N N Atlantic Union Bank 549300ZTT08EKQRVTR15 Atlantic Union Bankshares Corp. 04911A107 19191.00 NS USD 710067.00 3.19 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 7470.00 NS USD 311872.50 1.40 Long EC CORP US N 1 N N N Bank of New York Mellon Corp. WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp. 064058100 16430.00 NS USD 907264.60 4.07 Long EC CORP US N 1 N N N Barrett Business Services, Inc. 529900HXB6TMG0SR9Y34 Barrett Business Services, Inc. 068463108 5465.00 NS USD 423537.50 1.90 Long EC CORP US N 1 N N N Bristol Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol Myers Squibb Co. 110122108 7640.00 NS USD 510810.40 2.29 Long EC CORP US N 1 N N N Capital One Financial Corp. ZUE8T73ROZOF6FLBAR73 Capital One Financial Corp. 14040H105 3160.00 NS USD 524465.20 2.35 Long EC CORP US N 1 N N N Carter's, Inc. 5299003WAQK4R3L3ZU36 Carter's, Inc. 146229109 4800.00 NS USD 491424.00 2.20 Long EC CORP US N 1 N N N Energizer Holdings, Inc. 5493000D6NN0V57UME20 Energizer Holdings, Inc. 29272W109 8910.00 NS USD 350519.40 1.57 Long EC CORP US N 1 N N N Facebook, Inc. BQ4BKCS1HXDV9HN80Z93 Facebook, Inc. Class A 30303M102 1185.00 NS USD 449565.30 2.02 Long EC CORP US N 1 N N N First American Funds, Inc. 549300J5J5SJCZ9IA369 First American Government Obligations Fund Class X 31846V336 3868813.50 NS USD 3868813.50 17.36 Long STIV RF US N 1 N N N Genesco, Inc. 549300VY2Q511P1K5P56 Genesco, Inc. 371532102 5000.00 NS USD 310150.00 1.39 Long EC CORP US N 1 N N N Gentex Corp. 549300S3UD8XV1MN0287 Gentex Corp. 371901109 16920.00 NS USD 521136.00 2.34 Long EC CORP US N 1 N N N Gilead Sciences, Inc. 549300WTZWR07K8MNV44 Gilead Sciences, Inc. 375558103 4300.00 NS USD 312954.00 1.40 Long EC CORP US N 1 N N N GlaxoSmithKline PLC 5493000HZTVUYLO1D793 GlaxoSmithKline PLC ADR 37733W105 15580.00 NS USD 634729.20 2.85 Long EC CORP GB N 1 N N N HP, Inc. WHKXQACZ14C5XRO8LW03 HP, Inc. 40434L105 15420.00 NS USD 458590.80 2.06 Long EC CORP US N 1 N N N Haverty Furniture Companies, Inc. 529900CVFMMIRXZVPD70 Haverty Furniture Companies, Inc. 419596101 3700.00 NS USD 131831.00 0.59 Long EC CORP US N 1 N N N Herman Miller, Inc. U98HXD3PNK7HYU2MU887 Herman Miller, Inc. 600544100 13050.00 NS USD 548491.50 2.46 Long EC CORP US N 1 N N N Huntington Ingalls Industries, Inc. 5TZLZ6WJTBVJ0QWBG121 Huntington Ingalls Industries, Inc. 446413106 1500.00 NS USD 306255.00 1.37 Long EC CORP US N 1 N N N Intel Corp. KNX4USFCNGPY45LOCE31 Intel Corp. 458140100 7550.00 NS USD 408153.00 1.83 Long EC CORP US N 1 N N N Kimball International, Inc. 549300RYF7HKL9SKYG25 Kimball International, Inc. Class B 494274103 16800.00 NS USD 209496.00 0.94 Long EC CORP US N 1 N N N Kontoor Brands, Inc. 549300M0CPXV65RFF271 Kontoor Brands, Inc. 50050N103 2400.00 NS USD 129504.00 0.58 Long EC CORP US N 1 N N N Magna International, Inc. 95RWVLFZX6VGDZNNTN43 Magna International, Inc. Class A 559222401 3370.00 NS USD 265926.70 1.19 Long EC CORP CA N 1 N N N McKesson Corp. 549300WZWOM80UCFSF54 McKesson Corp. 58155Q103 2750.00 NS USD 561385.00 2.52 Long EC CORP US N 1 N N N Newmont Corp. 549300VSP3RIX7FGDZ51 Newmont Corp. 651639106 7708.00 NS USD 446986.92 2.01 Long EC CORP US N 1 N N N Prestige Consumer Healthcare, Inc. N/A Prestige Consumer Healthcare, Inc. 74112D101 10715.00 NS USD 614933.85 2.76 Long EC CORP US N 1 N N N Quest Diagnostics, Inc. 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 3300.00 NS USD 504339.00 2.26 Long EC CORP US N 1 N N N Regions Financial Corp. CW05CS5KW59QTC0DG824 Regions Financial Corp. 7591EP100 9850.00 NS USD 201235.50 0.90 Long EC CORP US N 1 N N N Reinsurance Group of America, Inc. LORM1GNEU1DKEW527V90 Reinsurance Group of America, Inc. 759351604 2290.00 NS USD 265227.80 1.19 Long EC CORP US N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG ADR 771195104 8680.00 NS USD 435909.60 1.96 Long EC CORP CH N 1 N N N Royal Dutch Shell PLC 21380068P1DRHMJ8KU70 Royal Dutch Shell PLC Class B 780259206 12200.00 NS USD 485072.00 2.18 Long EC CORP GB N 1 N N N Sanofi SA 549300E9PC51EN656011 Sanofi SA ADR 80105N105 1800.00 NS USD 93204.00 0.42 Long EC CORP FR N 1 N N N The Charles Schwab Corp. 549300VSGCJ7E698NM85 The Charles Schwab Corp. 808513105 10040.00 NS USD 731414.00 3.28 Long EC CORP US N 1 N N N Steven Madden Ltd. 549300Z9GZ7GYJWSGF43 Steven Madden Ltd. 556269108 11100.00 NS USD 449217.00 2.02 Long EC CORP US N 1 N N N Tapestry, Inc. 549300LJNVY5SW3VTN33 Tapestry, Inc. 876030107 5000.00 NS USD 201600.00 0.90 Long EC CORP US N 1 N N N Valero Energy Corp. 549300XTO5VR8SKV1V74 Valero Energy Corp. 91913Y100 7130.00 NS USD 472790.30 2.12 Long EC CORP US N 1 N N N Verizon Communications, Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications, Inc. 92343V104 6400.00 NS USD 352000.00 1.58 Long EC CORP US N 1 N N N Ebay, Inc. OML71K8X303XQONU6T67 Ebay, Inc. 278642103 4640.00 NS USD 356073.60 1.60 Long EC CORP US N 1 N N N 2021-08-31 MSS Series Trust /s/ Gregory B. Getts Gregory B. Getts President XXXX NPORT-EX 2 towpathfocusnportex.htm NPORT-EX




Schedule of Investments

August 31, 2021 (unaudited)

Towpath Focus Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares or Principal

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 

 

 

 

 

 

Common Stocks - 82.41%

 

 

 

 

 

 

 

 

Apparel & Other Finished Prods of Fabrics & Similar Material - 2.20%

 

 

 

 

Carter's, Inc.

 

 

 

 

4,800

 

491,424

 

 

 

 

 

 

 

 

Biological Products (No Diagnostic Substances) - 3.75%

 

 

 

 

 

Amgen, Inc.

 

 

 

 

2,320

 

523,230

Gilead Sciences, Inc.

 

 

 

4,300

 

312,954

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

836,184

 

 

 

 

 

 

 

 

BioTech & Pharma - 0.42%

 

 

 

 

 

Sanofi SA  (2)

 

 

 

1,800

 

93,204

 

 

 

 

 

 

 

 

Computer & Office Equipment - 2.06%

 

 

 

 

 

HP, Inc.

 

 

 

 

15,420

 

458,591

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 2.18%

 

 

 

 

 

Royal Dutch Shell PLC Class B

 

 

12,200

 

485,072

 

 

 

 

 

 

 

 

Fire, Marine & Casualty Insurance - 2.43%

 

 

 

 

 

Allstate Corp.

 

 

 

4,005

 

541,796

 

 

 

 

 

 

 

 

Footwear (No Rubber) - 2.02%

 

 

 

 

 

Steven Madden Ltd.

 

 

 

11,100

 

449,217

 

 

 

 

 

 

 

 

Gold and Silver Ores - 2.01%

 

 

 

 

 

Newmont Corp.

 

 

 

7,708

 

446,987

 

 

 

 

 

 

 

 

Household Furniture - 0.94%

 

 

 

 

 

Kimball International, Inc. Class B

 

 

16,800

 

209,496

 

 

 

 

 

 

 

 

Leather & Leather Products- 0.90%

 

 

 

 

 

Tapestry, Inc.  (2)

 

 

 

5,000

 

201,600

 

 

 

 

 

 

 

 

Life Insurance - 1.19%

 

 

 

 

 

 

Reinsurance Group of America, Inc.

 

 

2,290

 

265,228

 

 

 

 

 

 

 

 

Men's & Boys' Furnishings, Work Clothing, and Allied Garments - 0.58%

 

 

 

 

Kontoor Brands, Inc.

 

 

 

2,400

 

129,504

 

 

 

 

 

 

 

 

Miscellaneous Electrical Machinery, Equipment & Supplies - 1.57%

 

 

 

 

Energizer Holdings, Inc.

 

 

 

8,910

 

350,519

 

 

 

 

 

 

 

 

Motor Vehicle Parts & Accessories - 3.53%

 

 

 

 

 

Gentex Corp.

 

 

 

 

16,920

 

521,136

Magna International, Inc. Class A

 

 

3,370

 

265,927

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

787,063

 

 

 

 

 

 

 

 

National Commercial Banks - 4.65%

 

 

 

 

 

Bank of America Corp.

 

 

 

7,470

 

311,873

Capital One Financial Corp.

 

 

3,160

 

524,465

Regions Financial Corp.

 

 

 

9,850

 

201,235

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,037,573

 

 

 

 

 

 

 

 

Office Furniture - 2.46%

 

 

 

 

 

Herman Miller, Inc.

 

 

 

13,050

 

548,491

 

 

 

 

 

 

 

 

Petroleum Refining - 2.12%

 

 

 

 

 

Valero Energy Corp.

 

 

 

7,130

 

472,790

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 9.85%

 

 

 

 

 

Bristol Myers Squibb Co.

 

 

 

7,640

 

510,810

GlaxoSmithKline PLC  ADR

 

 

15,580

 

634,729

Prestige Consumer Healthcare, Inc.  (2)

 

 

10,715

 

614,934

Roche Holding AG ADR (2)

 

 

8,680

 

435,910

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2,196,383

 

 

 

 

 

 

 

 

Retail-Catalog & Mail-Order Houses - 0.97%

 

 

 

 

 

Amazon.com, Inc.  (2)

 

 

 

62

 

215,189

 

 

 

 

 

 

 

 

Retail-Furniture Stores - 0.59%

 

 

 

 

 

Haverty Furniture Companies, Inc.

 

 

3,700

 

131,831

 

 

 

 

 

 

 

 

Retail-Shoe Stores - 1.39%

 

 

 

 

 

Genesco, Inc.

 

 

 

 

5,000

 

310,150

 

 

 

 

 

 

 

 

Security Brokers, Dealers & Flotation Companies - 3.28%

 

 

 

 

 

The Charles Schwab Corp.

 

 

10,040

 

731,414

 

 

 

 

 

 

 

 

Semiconductors & Related Devices - 1.83%

 

 

 

 

 

Intel Corp.

 

 

 

 

7,550

 

408,153

 

 

 

 

 

 

 

 

Services-Business Services, NEC - 1.60%

 

 

 

 

 

Ebay, Inc.

 

 

 

 

4,640

 

356,074

 

 

 

 

 

 

 

 

Services-Computer Programming, Data Processing, Etc. - 8.29%

 

 

 

 

 

Alphabet, Inc. Class A  (2)

 

 

1,185

 

449,565

Facebook, Inc. Class A   (2)

 

 

483

 

1,397,778

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,847,343

 

 

 

 

 

 

 

 

Services-Help Supply Services - 1.90%

 

 

 

 

 

Barrett Business Services, Inc.

 

 

5,465

 

423,538

 

 

 

 

 

 

 

 

Services-Medical Laboratories - 2.26%

 

 

 

 

 

Quest Diagnostics, Inc.

 

 

 

3,300

 

504,339

 

 

 

 

 

 

 

 

Ship & Boat Building & Repairing - 1.37%

 

 

 

 

 

Huntington Ingalls Industries, Inc.

 

 

1,500

 

306,255

 

 

 

 

 

 

 

 

State Commercial Banks - 7.26%

 

 

 

 

 

Atlantic Union Bankshares Corp.

 

 

19,191

 

710,067

Bank of New York Mellon Corp.

 

 

16,430

 

907,265

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,617,332

 

 

 

 

 

 

 

 

Telephone Communications (No Radiotelephone) - 1.58%

 

 

 

 

 

Verizon Communications, Inc.

 

 

6,400

 

352,000

 

 

 

 

 

 

 

 

Wholesale-Drugs Proprietaries & Druggists' Sundries - 5.23%

 

 

 

 

 

AmerisourceBergen Corp.

 

 

4,940

 

603,717

McKesson Corp.

 

 

 

2,750

 

561,385

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,165,102

 

 

 

 

 

 

 

 

Total Common Stock

 

 

 

(Cost $              13,627,278)

 

18,369,842

 

 

 

 

 

 

 

 

Money Market Fund - 17.36%

 

 

 

 

 

 

 

 

First American Government Obligations Fund Class X, 0.06%

 

 

3,868,813

 

3,868,813

 

 

 

 

 

 

 

 

Total Money Market Fund

 

 

(Cost $                3,868,813)

 

3,868,813

 

 

 

 

 

 

 

 

Total Investments - 99.76%

 

 

(Cost $              17,496,091)

 

22,238,655

 

 

 

 

 

 

 

 

Other Assets in Excess of Liabilities  (0.24%)

 

 

 

 

52,856

 

 

 

 

 

 

 

 

Total Net Assets - 100.00%

 

 

 

 

22,291,511

 

 

 

 

 

 

 

 

(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.

       These inputs are summarized in the three broad levels listed below.

        • Level 1 - quoted prices in active markets for identical securities

        • Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)

        • Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)

 

       The following is a summary of the inputs used as of August 31, 2021 in valuing the Fund's assets carried at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in

 

Other Financial

Valuation Inputs

 

 

 

Securities

 

Instruments

Level 1 - Quoted Prices

 

 

$

22,238,655

$

-

Level 2 - Other Significant Observable Inputs

 

 

-

 

-

Level 3 - Significant Unobservable Inputs

 

 

-

 

-

Total

 

 

 

$

22,238,655

$

-

 

 

 

 

 

 

 

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term

debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment

Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active

market, such securities are reflected as Level 2.

 

 

 

 

 

 

 

 

(2)  Represents non-income producing securities.

(3)  Variable Rate Security: the Yield Rate shown represents the rate at August 31, 2021.