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      Provident Mutual Funds, Inc.
      811-04722
      0000796227
      549300HFVT1R7IND6V45
      N16 W23217 Stone Ridge Drive
      Suite 310
      Waukesha
      53188
      US-WI
      US
      855-739-9950
      
        
      
      
        
          Provident Mututal Funds, Inc.
          N16 W23217 Stone Ridge Drive
          Suite 310
          Waukesha
          
          53188
          8557399950
          All accounts, books and other documents required to be maintained by Section 31(a)
        
        
          U.S. Bancorp Fund Services, LLC
          777 E. Wisconsin Ave.
          Milwaukee
          
          53202
          8336121912
          All accounts, books and other documents required to be maintained by Section 31(a)
        
      
      N
      N
      N
      N-1A
      1
      Y
      
        
          John F. Hensler
          N/A
          N
          
            
          
        
        
          Robert H. Manegold
          N/A
          N
          
            
          
        
        
          Thomas N. Tuttle Jr.
          N/A
          Y
          
            
          
        
        
          Willard T. Walker Jr.
          N/A
          N
          
            
          
        
      
      
        
          James R. Daley
          N/A
          N16 W23217 Stone Ridge Drive
          Suite 310
          Waukesha
          
          53188
          XXXXXX
          N
          
            
          
        
      
      N
      N
      N
      N
      
      N
      
        
        
      
      
        
          Quasar Distributors, LLC
          8-52323
          000103848
          N/A
          
          N
        
      
      N
      
        
          Cohen & Company Ltd.
          00925
          N/A
          
        
      
      N
      N
      N
      N
      N
      N
      N
    
    
      
        Provident Trust Strategy Fund
        S000000834
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        N
        1
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        0
        
          
        
        N/A
        Y
        N
        N
        N
        N/A
        N/A
        N/A
        
          Rule 12d1-1 (17 CFR 270.12d1-1)
          Rule 32a-4 (17 CFR 270.32a-4)
        
        Y
        N
        N
        N
        
          
            Provident Trust Company
            801-58213
            000110118
            N/A
            
            N
          
        
        
          
            U.S. Bancorp Fund Services, LLC
            85-11357
            N/A
            
            N
            N
          
        
        N
        
          
            Intercontinental Exchange Inc.
            5493000F4ZO33MV32P92
            
            N
          
        
        N
        
          
            U.S. Bank National Association
            6BYL5QZYBDK8S7L73M02
            
            N
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        N
        
          
            U.S. Bancorp Fund Services, LLC
            N1GZ7BBF3NP8GI976H15
            
            N
            N
          
        
        N
        
          
            U.S. Bancorp Fund Services, LLC
            N/A
            
            N
            N
          
        
        N
        
          
            Merrill Lynch Professional Clearing Corp.
            8-33359
            000016139
            549300PMHS66E71I2D34
            
            863.700000000000
          
        
        863.700000000000
        
          
            Robert W. Baird & Co. Incorporated
            8-49700
            000008158
            549300772UJAHRD6LO53
            
            59993269.200000000000
          
        
        59993269.200000000000
        Y
        245514757.830000000000
        
          
            
              Uncommitted
              23000000.000000000000
              
                
              
              
              N
            
          
        
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        N
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM 

To the Shareholders and Board of Directors of 

Provident Mutual Funds, Inc. 

In planning and performing our audit of the financial statements of Provident Mutual Funds, Inc. comprising Provident Trust Strategy Fund (the “Fund”) as of and for the year ended September 30, 2021, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s 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 Fund’s internal control over financial reporting.  Accordingly, we express no such opinion. 

The management of the Fund 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 fund’s 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 fund’s 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 directors of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund’s 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 Fund’s annual or interim financial statements will not be prevented or detected on a timely basis. 

Our consideration of the Fund’s 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 Fund’s 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 September 30, 2021.  

This report is intended solely for the information and use of management and the Board of Directors of the Fund 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 

December 2, 2021