| Schedule of Investments |
As
of January 31, 2026 and April 30, 2025, investments consisted of the following:
Schedule of Investments
| Investments on | |
| | |
Gross | | |
Gross | | |
| |
| January 31,
2026 | |
Cost | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Basis | | |
Gains | | |
Losses | | |
Value | |
| Municipal
bonds | |
$ | 8,570,000 | | |
$ | 212,000 | | |
$ | (64,000 | ) | |
$ | 8,718,000 | |
| REITs | |
| 74,000 | | |
| 5,000 | | |
| (9,000 | ) | |
| 70,000 | |
| Equity securities | |
| 18,492,000 | | |
| 12,843,000 | | |
| (110,000 | ) | |
| 31,225,000 | |
| Money markets and CDs | |
| 1,311,000 | | |
| — | | |
| — | | |
| 1,311,000 | |
| Total | |
$ | 28,447,000 | | |
$ | 13,060,000 | | |
$ | (183,000 | ) | |
$ | 41,324,000 | |
| Investments on | |
| | |
Gross | | |
Gross | | |
| |
| April 30,
2025 | |
Cost | | |
Unrealized | | |
Unrealized | | |
Fair | |
| |
Basis | | |
Gains | | |
Losses | | |
Value | |
| Municipal
bonds | |
$ | 7,681,000 | | |
$ | 141,000 | | |
$ | (135,000 | ) | |
$ | 7,687,000 | |
| REITs | |
| 74,000 | | |
| 1,000 | | |
| (7,000 | ) | |
| 68,000 | |
| Equity securities | |
| 17,689,000 | | |
| 9,330,000 | | |
| (307,000 | ) | |
| 26,712,000 | |
| Money markets and CDs | |
| 1,269,000 | | |
| — | | |
| — | | |
| 1,269,000 | |
| Total | |
$ | 26,713,000 | | |
$ | 9,472,000 | | |
$ | (449,000 | ) | |
$ | 35,736,000 | |
|
| Schedule of Unrealized Loss Breakdown by Investment Type |
Unrealized
Loss Breakdown by Investment Type on January 31, 2026
Schedule of Unrealized Loss Breakdown by Investment Type
| Description | |
Less than 12 months, Fair Value | | |
Less than 12 months, Unrealized Loss | | |
12 months or greater, Fair Value | | |
12 months or greater, Unrealized Loss | | |
Total, Fair Value | | |
Total, Unrealized Loss | |
| | |
Less
than 12 months | | |
12
months or greater | | |
Total | |
| Description | |
Fair
Value | | |
Unrealized
Loss | | |
Fair
Value | | |
Unrealized
Loss | | |
Fair
Value | | |
Unrealized
Loss | |
| Municipal
bonds | |
$ | 37,000 | | |
$ | — | | |
$ | 1,049,000 | | |
$ | (63,000 | ) | |
$ | 1,086,000 | | |
$ | (63,000 | ) |
| REITs | |
| — | | |
| — | | |
| 36,000 | | |
| (9,000 | ) | |
| 36,000 | | |
| (9,000 | ) |
| Equity securities | |
| 730,000 | | |
| (50,000 | ) | |
| 269,000 | | |
| (61,000 | ) | |
| 999,000 | | |
| (111,000 | ) |
| Total | |
$ | 767,000 | | |
$ | (50,000 | ) | |
$ | 1,354,000 | | |
$ | (133,000 | ) | |
$ | 2,121,000 | | |
$ | (183,000 | ) |
Unrealized
Loss Breakdown by Investment Type on April 30, 2025
| Description | |
Less than 12 months, Fair Value | | |
Less than 12 months, Unrealized Loss | | |
12 months or greater, Fair Value | | |
12 months or greater, Unrealized Loss | | |
Total, Fair Value | | |
Total, Unrealized Loss | |
| | |
Less
than 12 months | | |
12
months or greater | | |
Total | |
| Description | |
Fair
Value | | |
Unrealized
Loss | | |
Fair
Value | | |
Unrealized
Loss | | |
Fair
Value | | |
Unrealized
Loss | |
| Municipal
bonds | |
$ | 550,000 | | |
$ | (21,000 | ) | |
$ | 2,108,000 | | |
$ | (114,000 | ) | |
$ | 2,658,000 | | |
$ | (135,000 | ) |
| REITs | |
| — | | |
| — | | |
| 38,000 | | |
| (7,000 | ) | |
| 38,000 | | |
| (7,000 | ) |
| Equity securities | |
| 1,562,000 | | |
| (132,000 | ) | |
| 2,238,000 | | |
| (175,000 | ) | |
| 3,800,000 | | |
| (307,000 | ) |
| Total | |
$ | 2,112,000 | | |
$ | (153,000 | ) | |
$ | 4,384,000 | | |
$ | (296,000 | ) | |
$ | 6,496,000 | | |
$ | (449,000 | ) |
|