Schedule of Investments

May 31, 2025 (unaudited)

MP 63 Fund

Shares or Principal

Security Description

Amount ($)

Fair Value ($)(1)

Common Stocks - 98.41%

Aerospace/Aircrafts/Defense - 3.19%

The Boeing Co. (2)

1,000

207,320

RTX Corp.

19,322

2,637,067

2,844,387

Auto Manufacturers - 0.11%

Tesla, Inc. (2)

271

93,891

Auto Parts-Retail/Wholesale - 1.73%

Genuine Parts Co.

12,198

1,543,291

Banks - 4.91%

Bank of America Corp.

41,138

1,815,420

Truist Financial Corp.

18,835

743,983

The PNC Financial Services Group, Inc.

1,937

336,670

US Bancorp

34,054

1,484,414

4,380,486

Beverages - 2.05%

The Coca-Cola Co.

15,996

1,153,312

PepsiCo, Inc.

5,178

680,648

1,833,960

Cable & Other Pay Television Services - 1.60%

Comcast Corp., Class A

41,216

1,424,837

Chemicals-Diversified - 2.26%

RPM International, Inc.

17,734

2,018,839

Commercial Services - 1.96%

Ecolab, Inc.  

6,587

1,749,639

Communications Equipment - 2.36%

Qualcomm, Inc. (2)

14,528

2,109,466

Consumer Electronics - 0.54%

Apple, Inc.

2,415

485,053

Containers-Paper/Plastic - 1.09%

Amcor PLC (Jersey)

107,284

977,357

Cosmetics & Personal Care - 1.49%

Colgate-Palmolive Co.

14,267

1,325,975

Discount Stores - 0.57%

Target Corp.

2,950

277,330

Wal-Mart Stores, Inc.

2,308

227,846

505,175

Diversified Operations - 2.30%

Corning, Inc.

41,357

2,050,894

Electronic Equipment - 3.22%

Carrier Global Corp.

12,252

872,342

Emerson Electric Co.

16,769

2,001,883

2,874,226

Financial Services - 4.06%

American Express Co.

4,714

1,386,152

Paychex, Inc.

14,159

2,235,848

3,621,999

Food-Misc Preparation - 1.96%

General Mills, Inc.

14,873

807,009

Hormel Foods Corp.

30,882

947,460

1,754,469

Guided Missiles & Space Vehicles & Parts - 1.03%

Lockheed Martin Corp.

1,903

917,969

Healthcare - 1.80%

AbbVie, Inc.

8,658

1,611,340

Insurance-Life/Property/Casual - 5.16%

AFLAC, Inc.

16,727

1,731,914

The Travelers Companies, Inc.

10,433

2,876,378

4,608,292

Machinery-Const./Mining/Farming - 4.60%

Caterpillar, Inc.

6,688

2,327,625

Deere & Co.

3,511

1,777,479

4,105,104

Machinery-Electrical Equipment - 3.27%

Dover Corp.

9,387

1,668,539

Tennant Co.

16,829

1,252,414

2,920,953

Manufacturing - 2.00%

Illinois Tool Works, Inc.

7,274

1,782,712

Materials - 0.87%

Nucor Corp.

7,092

775,581

Media & Entertainment - 0.07%

Meta Platforms, Inc. Class A

100

64,749

Medical Instruments/Products - 1.14%

Medtronic PLC (Ireland)

12,273

1,018,414

Medical/Dental-Supplies - 1.62%

Becton Dickinson & Co.

8,358

1,442,507

Medical Drugs - 4.31%

Abbott Laboratories

13,389

1,788,503

Johnson & Johnson

7,289

1,131,326

Merck & Co., Inc.

12,074

927,766

3,847,594

National Commercial Banks - 1.53%

JPMorgan Chase & Co.

5,182

1,368,048

Paper & Paper Products - 1.70%

Kimberly Clark Corp.

10,531

1,513,937

Petroleum Refining - 3.25%

Enterprise Products Partners LP (2)

35,566

1,096,144

Exxon Mobil Corp.

17,660

1,806,618

2,902,762

Refuse Systems - 2.84%

Waste Management, Inc.

10,510

2,532,595

Retail-Catalog & Mail Order Houses - 1.73%

Amazon.com, Inc. (2)

7,527

1,543,110

Retail-Food & Restaurant - 1.86%

Yum! Brands, Inc.

11,557

1,663,515

Retail-Variety Stores - 1.64%

Costco Wholesale Corp.

1,410

1,466,654

Retail/Wholesale-Building Products - 1.83%

The Home Depot, Inc.

4,436

1,633,734

Semiconductors - 1.82%

NVIDIA Corp.

3,779

510,656

Taiwan Semiconductor Manufacturing Co. Ltd. (2)

2,313

447,149

Texas Instruments, Inc.

3,627

663,197

1,621,002

Services-Computer Programming, Data Processing, Etc. - 2.68%

Alphabet, Inc Class A

13,925

2,391,480

Services-Prepackaged Software - 3.17%

Microsoft Corp.

6,154

2,833,055

Shoes & Related Apparel - 0.41%

Nike, Inc. Class B

6,011

364,206

Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 1.54%

The Procter & Gamble Co.

8,101

1,376,279

Telecommunications Services - 0.98%

Cisco Systems, Inc.  

13,933

878,336

Transportation-Railroads - 2.26%

Union Pacific Corp.

9,111

2,019,544

Utility-Electric - 4.27%

Duke Energy Corp.

15,096

1,777,101

NextEra Energy, Inc.

28,761

2,031,677

3,808,778

Utility-Gas Distribution - 1.84%

National Fuel Gas Co.

19,854

1,638,749

Utility-Water - 1.83%

Essential Utilities, Inc.

42,321

1,630,628

Total Common Stock

(Cost $          35,650,595)

87,875,571

Real Estate Investment Trust - 0.87%

Simon Property Group, Inc.

4,764

776,865

Total Real Estate Investment Trust

(Cost $               549,603)

776,865

Money Market Registered Investment Companies - 0.57%

Fidelity Investments Treasury Portfolio - 3.93% (3)

508,844

508,844

Total Money Market Registered Investment Companies

(Cost $              508,844)

508,844

Total Investments - 99.85%

(Cost $         37,478,011)

89,161,280

Other Liabilities Less Assets - 0.15%

129,827

Total Net Assets - 100.00%

89,291,107

(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 May 30, 2025 in valuing the Fund's assets carried at fair value:

Investments in

Other Financial

Valuation Inputs

Securities

Instruments

Level 1 - Quoted Prices

$

89,161,280

$

-

Level 2 - Other Significant Observable Inputs

-

-

Level 3 - Significant Unobservable Inputs

-

-

Total

$

89,161,280

$

-

       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)  Investment in affiliate. The yield shown represents the 7-day yield in effect at May 30, 2025.