0001162044-24-000429.txt : 20240425 0001162044-24-000429.hdr.sgml : 20240425 20240425170029 ACCESSION NUMBER: 0001162044-24-000429 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240229 FILED AS OF DATE: 20240425 DATE AS OF CHANGE: 20240425 PERIOD START: 20241130 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSS Series Trust CENTRAL INDEX KEY: 0001368578 ORGANIZATION NAME: 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: 24877295 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 2024-11-30 2024-02-29 N 32505094.25 39723.40 32465370.85 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 BHP Group Ltd. WZE1WSENV6JSZFK0JC28 BHP Group Ltd. ADR 088606108 7400.00 NS USD 424316.00 1.31 Long EC CORP AU N 1 N N N Prestige Consumer Healthcare, Inc. N/A Prestige Consumer Healthcare, Inc. 74112D101 17366.00 NS USD 1208326.28 3.72 Long EC CORP US N 1 N N N Adobe, Inc. FU4LY2G4933NH2E1CP29 Adobe, Inc. 00724F101 400.00 NS USD 224112.00 0.69 Long EC CORP US N 1 N N N Alphabet, Inc. 5493006MHB84DD0ZWV18 Alphabet, Inc. 02079K305 17800.00 NS USD 2464588.00 7.59 Long EC CORP US N 1 N N N Amazon.com, Inc. ZXTILKJKG63JELOEG630 Amazon.com, Inc. 023135106 2140.00 NS USD 378266.40 1.17 Long EC CORP US N 1 N N N Amgen, Inc. 62QBXGPJ34PQ72Z12S66 Amgen, Inc. 031162100 2920.00 NS USD 799583.60 2.46 Long EC CORP US N 1 N N N Bank of America Corp. 9DJT3UXIJIZJI4WXO774 Bank of America Corp. 060505104 25770.00 NS USD 889580.40 2.74 Long EC CORP US N 1 N N N Booking Holdings, Inc. FXM8FAOHMYDIPD38UZ17 Booking Holdings Inc. 09857L108 244.00 NS USD 846394.52 2.61 Long EC CORP US N 1 N N N Bristol-Myers Squibb Co. HLYYNH7UQUORYSJQCN42 Bristol-Myers Squibb Co. 110122108 13540.00 NS USD 687155.00 2.12 Long EC CORP US N 1 N N N Carter's, Inc. 5299003WAQK4R3L3ZU36 Carter's, Inc. 146229109 5900.00 NS USD 477605.00 1.47 Long EC CORP US N 1 N N N Cencora, Inc. AI8GXW8LG5WK7E9UD086 Cencora, Inc. 03073E105 6090.00 NS USD 1434804.00 4.42 Long EC CORP US N 1 N N N Check Point Software Technologies Ltd. 2549003ZVBH73EPNS513 Check Point Software Technologies Ltd. M22465104 4700.00 NS USD 753974.00 2.32 Long EC CORP IL N 1 N N N Energizer Holdings, Inc. 5493000D6NN0V57UME20 Energizer Holdings, Inc. 29272W109 13410.00 NS USD 382855.50 1.18 Long EC CORP US N 1 N N N First American Funds, Inc. 549300J5J5SJCZ9IA369 First American Government Obligations Fund Class X 31846V336 4450030.40 NS USD 4450030.40 13.71 Long STIV RF US N 1 N N N GlaxoSmithKline Pharma Ltd. 5493000HZTVUYLO1D793 GlaxoSmithKline Pharma Ltd. 37733W105 23464.00 NS USD 983141.60 3.03 Long EC CORP GB N 1 N N N Gentex Corp. 549300S3UD8XV1MN0287 Gentex Corp. 371901109 24820.00 NS USD 906674.60 2.79 Long EC CORP US N 1 N N N Gilead Sciences, Inc. 549300WTZWR07K8MNV44 Gilead Sciences, Inc. 375558103 7300.00 NS USD 526330.00 1.62 Long EC CORP US N 1 N N N HP, Inc. WHKXQACZ14C5XRO8LW03 HP, Inc. 40434L105 20220.00 NS USD 572832.60 1.76 Long EC CORP US N 1 N N N Haleon plc N/A Haleon plc ADR 405552100 22580.00 NS USD 193284.80 0.60 Long EC CORP GB N 1 N N N Haverty Furniture Companies, Inc. 529900CVFMMIRXZVPD70 Haverty Furniture Companies, Inc. 419596101 3700.00 NS USD 126910.00 0.39 Long EC CORP US N 1 N N N Huntington Ingalls Industries, Inc. 5TZLZ6WJTBVJ0QWBG121 Huntington Ingalls Industries, Inc. 446413106 1800.00 NS USD 524916.00 1.62 Long EC CORP US N 1 N N N Magna International, Inc. 95RWVLFZX6VGDZNNTN43 Magna International Inc. Class A 559222401 7670.00 NS USD 422770.40 1.30 Long EC CORP CA N 1 N N N McKesson Corp. 549300WZWOM80UCFSF54 McKesson Corp. 58155Q103 3350.00 NS USD 1746723.50 5.38 Long EC CORP US N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG ADR 66987V109 10900.00 NS USD 1100573.00 3.39 Long EC CORP CH N 1 N N N Quest Diagnostics, Inc. 8MCWUBXQ0WE04KMXBX50 Quest Diagnostics, Inc. 74834L100 4100.00 NS USD 512049.00 1.58 Long EC CORP US N 1 N N N Rio Tinto Group 213800YOEO5OQ72G2R82 Rio Tinto Group ADR 767204100 6100.00 NS USD 393633.00 1.21 Long EC CORP GB N 1 N N N Ross Stores, Inc. 549300ENZFLPGRDFZQ60 Ross Stores, Inc. 778296103 4800.00 NS USD 715008.00 2.20 Long EC CORP US N 1 N N N Sandoz Group AG N/A Sandoz Group AG ADR 799926100 2060.00 NS USD 64004.20 0.20 Long EC CORP CH N 1 N N N Sanofi SA 549300E9PC51EN656011 Sanofi SA ADR 80105N105 1800.00 NS USD 86130.00 0.27 Long EC CORP FR N 1 N N N Shell plc 21380068P1DRHMJ8KU70 Shell plc ADR 780259305 22200.00 NS USD 1394826.00 4.30 Long EC CORP GB N 1 N N N Steven Madden, Ltd. 549300Z9GZ7GYJWSGF43 Steven Madden, Ltd. 556269108 8200.00 NS USD 351124.00 1.08 Long EC CORP US N 1 N N N Tapestry, Inc. 549300LJNVY5SW3VTN33 Tapestry, Inc. 876030107 15100.00 NS USD 717703.00 2.21 Long EC CORP US N 1 N N N Bank of New York Mellon Corp. WFLLPEPC7FZXENRZV188 Bank of New York Mellon Corp. 064058100 26730.00 NS USD 1499285.70 4.62 Long EC CORP US N 1 N N N The Charles Schwab Corp. 549300VSGCJ7E698NM85 The Charles Schwab Corp. 808513105 14940.00 NS USD 997693.20 3.07 Long EC CORP US N 1 N N N The Coca-Cola Co. UWJKFUJFZ02DKWI3RY53 The Coca-Cola Co. 191216100 8100.00 NS USD 486162.00 1.50 Long EC CORP US N 1 N N N The Kroger Co. 6CPEOKI6OYJ13Q6O7870 The Kroger Co. 501044101 14600.00 NS USD 724306.00 2.23 Long EC CORP US N 1 N N N Torrid Holdings, Inc. N/A Torrid Holdings, Inc. 89142B107 46072.00 NS USD 231742.16 0.71 Long EC CORP US N 1 N N N Valero Energy Corp. 549300XTO5VR8SKV1V74 Valero Energy Corp. 91913Y100 7230.00 NS USD 1022755.80 3.15 Long EC CORP US N 1 N N N ebay, Inc. OML71K8X303XQONU6T67 ebay, Inc. 278642103 14140.00 NS USD 668539.20 2.06 Long EC CORP US N 1 N N N 2024-02-29 MSS Series Trust /s/ Gregory B. Getts Gregory B. Getts President XXXX NPORT-EX 2 towpathfocusnportex.htm NPORT-EX




Schedule of Investments

February 29, 2024 (unaudited)

Towpath Focus Fund

 

 

 

 

 

 

 

 

 

 

 

 

 

Shares or Principal

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)

 

 

 

 

 

 

Common Stocks - 86.66%

 

 

 

 

 

 

 

 

Apparel & Other Finished Products of Fabrics & Similar Material - 1.47%

 

 

 

 

Carter's, Inc.

 

 

 

 

5,900

 

477,605

 

 

 

 

 

 

 

 

Beverages - 1.50%

 

 

 

 

 

 

The Coca-Cola Co.

 

 

 

8,100

 

486,162

 

 

 

 

 

 

 

 

Biological Products (No Diagnostic Substances) - 4.08%

 

 

 

 

 

Amgen, Inc.

 

 

 

 

2,920

 

799,584

Gilead Sciences, Inc.

 

 

 

7,300

 

526,330

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,325,914

 

 

 

 

 

 

 

 

Biotech & Pharma - 0.27%

 

 

 

 

 

Sanofi ADR

 

 

 

 

1,800

 

86,130

 

 

 

 

 

 

 

 

Computer & Office Equipment - 1.76%

 

 

 

 

 

HP, Inc.

 

 

 

 

20,220

 

572,833

 

 

 

 

 

 

 

 

Crude Petroleum & Natural Gas - 4.30%

 

 

 

 

 

Shell PLC ADR  

 

 

 

22,200

 

1,394,826

 

 

 

 

 

 

 

 

Drug Manufacturers - Specialty & Generic - 0.20%

 

 

 

 

 

Sandoz Group AG ADR (2)

 

 

2,060

 

64,004

 

 

 

 

 

 

 

 

Footwear (No Rubber) - 1.08%

 

 

 

 

 

Steven Madden Ltd.

 

 

 

8,200

 

351,124

 

 

 

 

 

 

 

 

Leather & Leather Products- 2.21%

 

 

 

 

 

Tapestry, Inc.

 

 

 

15,100

 

717,703

 

 

 

 

 

 

 

 

Metal Mining - 2.52%

 

 

 

 

 

 

BHP Group Ltd. ADR  (2)

 

 

7,400

 

424,316

Rio Tinto Group PLC ADR (2)

 

 

6,100

 

393,633

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

817,949

 

 

 

 

 

 

 

 

Miscellaneous Electrical Machinery, Equipment & Supplies - 1.18%

 

 

 

 

Energizer Holdings, Inc.

 

 

 

13,410

 

382,856

 

 

 

 

 

 

 

 

Motor Vehicle Parts & Accessories - 4.09%

 

 

 

 

 

Gentex Corp.

 

 

 

 

24,820

 

906,675

Magna International, Inc. Class A

 

 

7,670

 

422,770

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,329,445

 

 

 

 

 

 

 

 

National Commercial Banks - 2.74%

 

 

 

 

 

Bank of America Corp.

 

 

 

25,770

 

889,580

 

 

 

 

 

 

 

 

Petroleum Refining - 3.15%

 

 

 

 

 

Valero Energy Corp.

 

 

 

7,230

 

1,022,756

 

 

 

 

 

 

 

 

Pharmaceutical Preparations - 12.85%

 

 

 

 

 

Bristol Myers Squibb Co.

 

 

 

13,540

 

687,155

GlaxoSmithKline Pharma Ltd.

 

 

23,464

 

983,142

Novartis AG ADR  (2)

 

 

 

10,900

 

1,100,573

Prestige Consumer Healthcare, Inc.   (2)

 

 

17,366

 

1,208,326

Haleon plc ADR (2)

 

 

 

22,580

 

193,285

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

4,172,481

 

 

 

 

 

 

 

 

Retail-Apparel and Accessory Stores - 0.71%

 

 

 

 

 

Torrid Holdings, Inc. (2)

 

 

 

46,072

 

231,742

 

 

 

 

 

 

 

 

Retail-Catalog & Mail-Order Houses - 1.17%

 

 

 

 

 

Amazon.com, Inc.  (2)

 

 

 

2,140

 

378,266

 

 

 

 

 

 

 

 

Retail-Family Clothing Stores - 2.20%

 

 

 

 

 

Ross Stores, Inc.

 

 

 

4,800

 

715,008

 

 

 

 

 

 

 

 

Retail-Furniture Stores - 0.39%

 

 

 

 

 

Haverty Furniture Companies, Inc.

 

 

3,700

 

126,910

 

 

 

 

 

 

 

 

Retail-Grocery Stores - 2.23%

 

 

 

 

 

The Kroger Co.

 

 

 

14,600

 

724,306

 

 

 

 

 

 

 

 

Security Brokers, Dealers & Flotation Companies - 3.07%

 

 

 

 

 

The Charles Schwab Corp.  

 

 

14,940

 

997,693

 

 

 

 

 

 

 

 

Services-Business Services - 2.06%

 

 

 

 

 

eBay, Inc.

 

 

 

 

14,140

 

668,539

 

 

 

 

 

 

 

 

Services-Computer Programming,  Data Processing, Etc. - 7.59%

 

 

 

 

 

Alphabet, Inc. Class A    (2)

 

 

17,800

 

2,464,588

 

 

 

 

 

 

 

 

Services-Medical Laboratories - 1.58%

 

 

 

 

 

Quest Diagnostics, Inc.

 

 

 

4,100

 

512,049

 

 

 

 

 

 

 

 

Services - Prepackaged Software - 3.01%

 

 

 

 

 

Adobe, Inc.  (2)

 

 

 

400

 

224,112

Check Point Software Technologies Ltd. (Israel)  (2)

 

 

4,700

 

753,974

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

978,086

 

 

 

 

 

 

 

 

Ship & Boat Building & Repairing - 1.62%

 

 

 

 

 

Huntington Ingalls Industries, Inc.

 

 

1,800

 

524,916

 

 

 

 

 

 

 

 

State Commercial Banks - 4.62%

 

 

 

 

 

Bank of New York Mellon Corp. (2)

 

 

26,730

 

1,499,286

 

 

 

 

 

 

 

 

Transportation Services - 2.61%

 

 

 

 

 

Booking Holdings, Inc.  (2)

 

 

244

 

846,395

 

 

 

 

 

 

 

 

Wholesale-Drugs Proprietaries & Druggists' Sundries - 9.80%

 

 

 

 

 

Cencora, Inc.

 

 

 

 

6,090

 

1,434,804

McKesson Corp.

 

 

 

3,350

 

1,746,724

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

3,181,528

 

 

 

 

 

 

 

 

Total Common Stock

 

 

 

(Cost          $20,625,785)

 

28,133,963

 

 

 

 

 

 

 

 

Money Market Fund - 13.71%

 

 

 

 

 

 

 

 

First American Government Obligations Fund Class X, 5.23% (3)

 

 

4,450,030

 

4,450,030

 

 

 

 

 

 

 

 

Total Money Market Fund

 

 

(Cost $            4,450,030)

 

4,450,030

 

 

 

 

 

 

 

 

Total Investments - 100.37%

 

 

(Cost $          25,075,815)

 

32,583,993

 

 

 

 

 

 

 

 

Other Assets Less Liabilities- 0.37%

 

 

 

 

(118,622)

 

 

 

 

 

 

 

 

Total Net Assets - 100.00%

 

 

 

 

32,465,371

 

 

 

 

 

 

 

 

(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 February 29, 2024 in valuing the Fund's assets carried at fair value:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments in

 

Other Financial

Valuation Inputs

 

 

 

Securities

 

Instruments

Level 1 - Quoted Prices

 

 

$

32,583,993

$

-

Level 2 - Other Significant Observable Inputs

 

 

-

 

-

Level 3 - Significant Unobservable Inputs

 

 

-

 

-

Total

 

 

 

$

32,583,993

$

-

 

 

 

 

 

 

 

 

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 February 29, 2024.