A
current list of portfolio holdings is always available
by emailing or calling McCormick Capital Management at
mcminfo@mcmelite.com or (800) 423-1068, Seattle area (206)
624-5863.
Please see below for our
Disclosure of Portfolio Holdings Policy.
The Elite Income
Fund
The Elite
Growth & Income Fund
Elite
Income Fund Portfolio
As of August 31, 2010
Sorted By Maturity Date |
| ISSUE |
MATURITY |
% OF PORTFOLIO |
| Wells Fargo |
10/29/10 |
0.9% |
| Entergy
Louisiana |
11/01/10 |
0.5% |
| XCEL Energy
Inc. |
12/01/10 |
1.3% |
| PECO
Energy Transition Trust |
12/31/10 |
0.5% |
| GE Float |
02/01/11 |
0.6% |
| U.S.
Treasury Bond |
06/02/11 |
1.1% |
| RAI
Float |
06/15/11 |
2.0% |
| PNC
Funding Corp |
06/22/11 |
0.8% |
| HUD |
08/01/11 |
0.8% |
| Xerox
Capital |
08/15/11 |
1.3% |
| Wells
Fargo |
12/09/11 |
0.8% |
| Manitoba
Province |
02/15/12 |
1.3% |
| BMW |
03/05/12 |
1.7% |
| Sierra
Pacific Power |
04/15/12 |
2.4% |
| Fannie Mae |
04/20/12 |
1.8% |
| State
Street Corporation |
04/30/12 |
0.6% |
| Oncor
Electric |
05/01/12 |
2.4% |
| Tenn
Valley Authority |
05/23/12 |
1.0% |
| Reynolds
America |
06/01/12 |
1.6% |
| John
Deere Capital |
06/19/12 |
1.5% |
| Valero
Logistics |
07/15/12 |
1.6% |
| C.N.A.
Financial/Continental Corp. |
08/15/12 |
1.9% |
| IADB |
10/22/12 |
1.0% |
| Household
Finance Company |
11/27/12 |
2.7% |
| Reynolds
America |
06/01/13 |
1.4% |
| Kaneb
Pipe Line |
06/01/13 |
1.1% |
| Xerox Corp. |
06/15/13 |
1.5% |
| Energy Transfer
Partnership |
07/01/13 |
1.3% |
| Tenn Valley
Authority |
08/01/13 |
1.4% |
| Wachovia
Corp. |
08/01/13 |
1.3% |
| Nextel
Communications |
10/31/13 |
0.7% |
| Altria
Group Inc. |
11/10/13 |
0.9% |
| Central
Illinois Light |
12/15/13 |
0.6% |
| Enterprise
Products |
01/31/14 |
1.5% |
| AES Corp. |
03/01/14 |
0.3% |
| U.S.
Treasury Bond |
03/31/14 |
1.3% |
| Ameren
Corp. |
05/15/14 |
3.2% |
| Zions
Bancorp. |
09/23/14 |
1.0% |
| Citigroup Inc. |
10/15/14 |
1.0% |
| Ontario
Province |
02/05/15 |
1.8% |
| Chesapeake
Energy |
02/15/15 |
1.1% |
| Kansas
City South |
06/01/15 |
0.4% |
| AEP
Texas Central |
07/01/15 |
1.6% |
| NRG
Energy |
02/01/16 |
0.5% |
| Nisource
Financial CP |
03/15/16 |
2.5% |
| Kansas
City South |
04/01/16 |
0.2% |
| Ball Corp. |
09/01/16 |
0.5% |
| Anadarko
Petroleum |
09/15/16 |
0.7% |
| Hanesbrands
Incorporated |
12/15/16 |
0.8% |
| GNMA
(552372) |
02/15/17 |
0.1% |
| BRE Properties |
03/15/17 |
1.0% |
| Pepsiamericas |
05/15/17 |
1.4% |
| Domtar
Corp. |
06/01/17 |
0.9% |
| GNMA
(577742) |
09/15/17 |
0.1% |
| Fannie
Mae |
02/25/18 |
0.5% |
| Petrobas
International |
03/01/18 |
1.5% |
| Commonwealth
Edison |
03/15/18 |
1.1% |
| GTE
Corp. |
04/15/18 |
0.8% |
| TGT/Boardwalk
Pipeline |
06/01/18 |
1.5% |
| Freddie
Mac 2962 YE |
09/15/18 |
0.7% |
| Altria Group
Inc. |
11/10/18 |
2.4% |
| GNMA
(605079) |
03/15/19 |
0.4% |
| Barrick
Gold Corp. |
04/01/19 |
0.9% |
| Browning-Ferris |
05/01/21 |
1.5% |
| Fannie
Mae |
03/01/22 |
0.7% |
| Centerpoint
Energy |
07/01/23 |
0.5% |
| U.S. Treasury
Bond |
08/15/23 |
2.6% |
| U.S.
Treasury Bond |
01/15/25 |
1.1% |
| Northern St
Power-MN. |
07/01/25 |
0.6% |
| U.S.
Treasury Bond |
02/15/26 |
2.1% |
| Freddie Mac
FHR 1963 Z |
01/15/27 |
0.4% |
| Xerox
Capital |
02/01/27 |
0.5% |
| Freddie Mac
FHR 2656 BD |
04/15/28 |
0.3% |
| BAC
Float |
12/18/28 |
1.1% |
| Fannie Mae (633012) |
02/01/32 |
0.6% |
| Fannie
Mae 2002-93 A1 |
03/25/32 |
0.5% |
| Fannie Mae |
10/25/32 |
1.6% |
| GNMA
(G2SF Pool 3556 5.5%) |
05/20/34 |
0.4% |
| BNSF Funding |
12/15/55 |
1.9% |
| Enterprise
Products |
08/01/66 |
1.3% |
| Abbot Labs |
ABT |
1.0% |
| Merck |
MRK |
1.3% |
| Maxim Integrated
Products |
MXIM |
0.4% |
| Seabright
Insurance |
SBX |
0.3% |
| AT&T |
T |
2.5% |
| V.F.
Corp. |
VFC |
2.8% |
| Cash & Equivalents |
N/A |
1.3% |
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----------------------------------------------------
Elite
Growth & Income Fund
As of August 31, 2010
Sorted by Percent of Portfolio |
| SECURITY |
SYMBOL |
% OF PORTFOLIO |
| Mastercard |
MA |
5.1% |
| Abbot
Labortories |
ABT |
5.1% |
| Antigenics |
AGEN |
5.0% |
| CF
Industries |
CF |
4.8% |
| Anadarko Petroleum |
APC |
4.8% |
| Exxon
Mobile |
XOM |
4.6% |
| Merck |
MRK |
4.5% |
| Medco
Health Solutions |
MHS |
4.5% |
| SPDR Gold Trust |
GLD |
4.4% |
| Petrohawk
Energy |
HK |
4.3% |
| Forest
Labs |
FRX |
4.2% |
| AT&T |
T |
4.2% |
| Conoco
Phillips |
COP |
4.1% |
| Seabright
Insurance |
SBX |
3.8% |
| Cameco
Corp. |
CCJ |
3.8% |
| Diamond
Offshore |
DO |
3.8% |
| Walter
Energy |
WLT |
3.7% |
| Cephalon |
CEPH |
3.7% |
| Market
Vector Jr. Gold |
GDXJ |
3.1% |
| Hartford
Financial |
HIG |
3.1% |
| St. Joe Co. |
JOE |
3.1% |
| Lincoln
National |
LNC |
3.0% |
| Devry
Inc. |
DV |
3.0% |
| Seabridge
Gold |
SA |
2.3% |
| ITT
Educational Service |
ESI |
2.1% |
| Whirlpool |
WHR |
1.9% |
| Cash & Equivalents |
N/A |
1.0% |
ELITE GROUP OF MUTUAL FUNDS
POLICY REGARDING THE SELECTIVE DISCLOSURE OF PORTFOLIO
HOLDINGS
The Board of Trustees of
Elite Group of Mutual Funds (the "Funds")
has adopted this written policy to govern the circumstances under which disclosure
regarding securities held by the Funds, and disclosure of purchases and sales
of such securities, may be made to shareholders of the Funds or other persons.
- Public disclosure regarding the
securities held by the Funds ("Portfolio Securities") is made in Annual
Reports and Semi-Annual Reports to shareholders, and in
quarterly holdings reports on Form N-Q ("Official
Reports"). Except for such Official Reports and as
otherwise expressly permitted herein, shareholders and
other persons may not be provided with information regarding
Portfolio Securities held, purchased or sold by the Funds.
- The Funds post a complete listing of their Portfolio
Securities, represented as a percentage of total portfolio
holdings, as of the end of each month at www.elitefunds.com.
The listings of Portfolio Securities are made available
on or about the first business day following the end of
the month. The listings of Portfolio Securities on the
website are available to the general public.
- Information regarding Portfolio Securities as of the
end of the most recent month, and other information regarding
the investment activities of the Funds during such month,
may be disclosed to rating and ranking organizations for
use in connection with their rating or ranking of the Funds.
- Information regarding Portfolio Securities as of the
end of the most recent month may be disclosed to any other
person or organization at the request of such person or
organization, but only if such information has been posted
to the Funds’ website.
- This policy relating to disclosure of the Funds’ holdings
of Portfolio Securities does not prohibit: (i) disclosure
of information to the Advisor or to other service providers
of the Funds, including the Funds' administrator, distributor,
custodian, legal counsel and auditors, or to brokers and
dealers through which the Funds purchase and sell Portfolio
Securities; and (ii) disclosure of holdings of or transactions
in Portfolio Securities of a Fund that is made on the same
basis to all shareholders of the Fund.
- Neither the Advisor nor the Funds (or any affiliated
person, employee, officer, trustee or director of the Advisor
or the Funds) may receive any direct or indirect compensation
in consideration of the disclosure of information relating
to Portfolio Securities held, purchased or sold by the
Funds.
- At least once annually, the CCO shall provide the Board
of Trustees with a written report as to compliance with
this policy. The Funds shall maintain a copy of this policy
and all written action under this policy in an easily accessible
place for at least five years.
This policy was ratified by the Board of Trustees of
the Funds on September 19, 2005.
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