NPORT-EX 2 edgar.htm
AAAMCO ULTRASHORT FINANCING FUND
SCHEDULE OF INVESTMENTS 
September 30, 2020 (Unaudited)
  Percentage
of Net
Assets 		Maturity
Date 		Principal
Amount 		Value
FIXED RATE MORTGAGE-RELATED SECURITIES
0.3%      
Collateralized Mortgage Obligations
0.3%      
Government National Mortgage Association        
2.50%   5/20/65 $1,059,491 $1,060,746
TOTAL FIXED RATE MORTGAGE-RELATED SECURITIES

(Cost $1,056,570)
      1,060,746
  Percentage
of Net
Assets 		  Principal
Amount/
Shares 		Value
INVESTMENT COMPANIES
1.1%      
Northern Institutional Treasury Portfolio, Premier Class, 0.00%*     3,356,841 $3,356,841
TOTAL INVESTMENT COMPANIES

(Cost $3,356,841)
      3,356,841
REPURCHASE AGREEMENTS
41.0%      
BCM High Income Fund, L.P., 1.00%, Open repurchase agreement which the Fund can initiate closure at any time. (Collateralized by SBA Loans, with a value of $4,789,597, due at 04/15/30 - 03/15/31 and cash equivalents of $2,904,445)     4,757,307 4,757,307
Capstead Mortgage, 0.29%, Agreement dated 09/29/20 to be repurchased at $26,017,467 on 10/06/20. (Collateralized by U.S. Government Mortgage-Backed Securities, VRN, with a value of $27,444,673, due 03/25/27 - 11/25/58)     26,016,000 26,016,000
JVB Financial, 1.25%, Agreement dated 09/25/20 to be repurchased at $5,567,950 on 10/23/20. (Collateralized by TMC Master Trust Series 2016-M3 Certificates, 2.63% - 5.25%, with a value of $5,941,516, due at 08/01/50 - 10/01/50)(1),(2)     5,562,182 5,562,182
JVB Financial, 1.25%, Agreement dated 09/02/20 to be repurchased at $53,757,564 on 10/02/20. (Collateralized by NMSI Master Trust Series 2018-N2 Certificates, 2.75% - 5.88%, with a value of $55,126,101, due at 07/01/35 - 08/01/50)(2)     53,701,625 53,701,625
Orchid Island, 0.30%, Agreement dated 09/30/20 to be repurchased at $9,827,573 on 10/07/20. (Collateralized by U.S. Government Mortgage-Backed Securities, VRN, with a value of $10,369,666, due 04/01/50 - 05/01/50)     9,827,000 9,827,000
Solomon Hess SBA, 0.75%, Open repurchase agreement which the Fund can initiate closure at any time. (Collateralized by SBA Loans, with a value of $8,071,461, due 05/15/29 - 12/15/34 and investment line of $35,756,853 and cash equivalents of $101,827)     8,404,679 8,404,679
Solomon Hess, 0.75%, Open repurchase agreement which the Fund can initiate closure at any time. (Collateralized by SBA Loans, with a value of $20,061,367, due 12/15/26 - 12/15/43 and investment line of $3,605,556 and cash equivalents of $31,688)     19,871,152 19,871,152
TOTAL REPURCHASE AGREEMENTS

(Cost $128,139,945)
      128,139,945
TOTAL INVESTMENTS

(Cost $ 132,553,356)
42.4%     $132,557,532
NET OTHER ASSETS (LIABILITIES)
57.6%     179,932,417
Net Assets
100.0%     $312,489,949
    
0
AAAMCO ULTRASHORT FINANCING FUND
SCHEDULE OF INVESTMENTS (concluded)
September 30, 2020 (Unaudited)
* The rate presented is the 7-day effective yield in effect at September 30, 2020.
(1) Illiquid security, maturity date is greater than 7 days. As of September 30, 2020, the value of this illiquid security amounted to approximately 1.8% of net assets.
(2) The rates and maturity dates disclosed represent those of the underlying mortgage loans which are used to securitize the Trust Certificate referenced within.
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LARGE CAP EQUITY FUND
SCHEDULE OF INVESTMENTS 
September 30, 2020 (Unaudited)
  Percentage
of Net
Assets 		  Shares Value
COMMON STOCKS
96.5%      
Capital Goods
5.8%      
Cummins, Inc.     7,950 $1,678,722
Lockheed Martin Corp.     1,800 689,904
        2,368,626
Consumer Durables & Apparel
1.5%      
NIKE, Inc.     5,000 627,700
Consumer Services
0.9%      
McDonald's Corp.     1,000 219,490
Starbucks Corp.     1,700 146,064
        365,554
Diversified Financials
2.7%      
Ameriprise Financial, Inc.     1,750 269,693
Goldman Sachs Group (The), Inc.     3,200 643,104
Morgan Stanley     3,500 169,225
        1,082,022
Energy
2.5%      
Chevron Corp.     9,000 648,000
ConocoPhillips     10,000 328,400
EOG Resources, Inc.     1,500 53,910
        1,030,310
Food & Staples Retailing
3.8%      
Costco Wholesale Corp.     4,400 1,562,000
Health Care Equipment & Services
4.0%      
UnitedHealth Group, Inc.     5,292 1,649,887
Household & Personal Products
3.0%      
Procter & Gamble     8,900 1,237,011
Insurance
6.8%      
Aflac, Inc.     30,150 1,095,953
Progressive (The) Corp.     17,700 1,675,659
        2,771,612
Materials
1.8%      
Air Products & Chemicals, Inc.     650 193,609
LyondellBasell Industries NV     7,753 546,509
        740,118
Media
2.5%      
Comcast Corp.     22,000 1,017,720
Pharmaceuticals & Biotechnology
10.0%      
AbbVie, Inc.     15,000 1,313,850
Amgen, Inc.     6,570 1,669,831
Bristol-Myers Squibb Co.     9,700 584,813
Eli Lilly & Co.     3,400 503,268
        4,071,762
Real Estate
2.8%      
American Tower Corp.     3,000 725,190
Simon Property Group, Inc.     6,137 396,941
        1,122,131
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LARGE CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (continued)
September 30, 2020 (Unaudited)
  Percentage
of Net
Assets 		  Shares Value
Retailing
9.5%      
Best Buy Co., Inc.     6,000 $667,740
Home Depot (The), Inc.     6,176 1,715,137
Lowe's Cos., Inc.     2,300 381,478
Target Corp.     6,950 1,094,069
        3,858,424
Semiconductors & Semiconductor
6.0%      
Broadcom, Inc.     4,700 1,712,304
KLA Corp.     3,000 581,220
NVIDIA Corp.     150 81,183
Texas Instruments, Inc.     400 57,116
        2,431,823
Software & Services
20.0%      
Accenture PLC     7,200 1,627,128
Alphabet, Inc.(a)     1,060 1,553,536
Intuit, Inc.     5,150 1,679,981
Mastercard, Inc.     5,000 1,690,850
Microsoft Corp.     7,600 1,598,508
        8,150,003
Technology Hardware & Equipment
5.5%      
Apple, Inc.     14,800 1,713,988
Cisco Systems, Inc.     13,000 512,070
        2,226,058
Telecommunication Services
3.1%      
AT&T, Inc.     21,000 598,710
Verizon Communications, Inc.     11,000 654,390
        1,253,100
Transportation
2.7%      
CSX Corp.     14,000 1,087,380
Utilities
1.6%      
NextEra Energy, Inc.     2,300 638,388
TOTAL COMMON STOCKS

(Cost $28,733,260)
      39,291,629
         
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LARGE CAP EQUITY FUND
SCHEDULE OF INVESTMENTS (concluded)
September 30, 2020 (Unaudited)
  Percentage
of Net
Assets 		  Shares Value
INVESTMENT COMPANIES
3.7%      
Northern Institutional Treasury Portfolio, Premier Class, 0.00%*     1,512,800 $1,512,800
TOTAL INVESTMENT COMPANIES

(Cost $1,512,800)
      1,512,800
TOTAL INVESTMENTS

(Cost $ 30,246,060)
100.2%     $40,804,429
NET OTHER ASSETS (LIABILITIES)
(0.2)%     (72,846)
Net Assets
100.0%     $40,731,583
    
* The rate presented is the 7-day effective yield in effect at September 30, 2020.
(a) Non-income producing security.
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AMF-ANN-1016