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 1, 2008
Sorted By Maturity Date |
| ISSUE |
MATURITY |
% OF PORTFOLIO |
| Comcast Cable Corp. |
11/15/08 |
3.1% |
| Ford Motor
Credit |
01/12/09 |
1.7% |
| International Paper Co. |
01/15/09 |
1.2% |
| Xerox Corp. |
01/15/09 |
1.6% |
| Countrywide Home Loan |
09/15/09 |
0.7% |
| DCAT (2004-C
A4) |
12/08/09 |
0.2% |
| Petro Canada |
01/15/10 |
1.6% |
| US Treasury Bond |
02/15/10 |
4.0% |
| US Treasury Bond |
03/31/10 |
1.5% |
| Wells Fargo |
10/29/10 |
1.1% |
| Entergy Louisiana |
11/01/10 |
0.6% |
| Federal
Farm Credit |
12/06/10 |
3.1% |
| PECO
Energy Transition Trust |
12/31/10 |
1.4% |
| Federal
Home Loan Bank |
04/21/11 |
1.2% |
| Nevada
Power |
06/01/11 |
1.0% |
| RAI
float |
06/15/11 |
2.3% |
| Hawaiian Electric |
08/15/11 |
1.6% |
| Federal
Home Loan Bank |
10/20/11 |
0.6% |
| Sierra Pacific
Power |
04/15/12 |
2.2% |
| Oncor
Electric |
05/01/12 |
2.8% |
| Tenn. Valley Authority |
05/23/12 |
1.2% |
| RAI |
06/01/12 |
1.3% |
| RAI |
06/01/12 |
1.0% |
| Continental
Corp (CNA) |
08/15/12 |
0.6% |
| Rogers
Wireless |
12/15/12 |
2.6% |
| Northeast
Utilities |
06/01/13 |
2.1% |
| Tenn.
Valley Authority |
08/01/13 |
3.1% |
| Wachovia
Corp. |
08/01/13 |
1.5% |
| US
Treasury Bond |
08/15/13 |
3.2% |
| Fannie
Mae (545171) |
08/01/14 |
0.5% |
| Trusteet
Properties |
04/01/15 |
3.3% |
| AEP
Texas Central |
07/01/15 |
0.7% |
| US
Treasury Bond |
05/15/16 |
1.9% |
| GNMA
(552372) |
02/15/17 |
0.3% |
| CMS Energy |
07/17/17 |
2.1% |
| GNMA (577742) |
09/15/17 |
0.3% |
| GTE Corp. |
04/15/18 |
1.0% |
| Nevada
Power |
05/15/18 |
0.6% |
| Boardwalk
Pipeline |
06/01/18 |
1.6% |
| Freddie
Mac 2962 YE |
09/15/18 |
0.8% |
| GNMA (605079) |
03/15/19 |
0.8% |
| Fannie
Mae |
03/01/22 |
2.0% |
| Centerpoint Energy |
07/01/23 |
0.5% |
| Freddie
Mac (2792 PY) |
11/15/24 |
1.2% |
| Northern States Power - MN |
07/01/25 |
0.7% |
| Freddie
Mac FHR 1963 Z |
01/15/27 |
0.7% |
| Freddie Mac FHR
2656 BD |
04/15/28 |
1.9% |
| BAC
float |
12/18/28 |
1.5% |
| Freddie Mac FHR
2744 PC |
01/15/31 |
0.6% |
| Fannie
Mae (633012) |
02/01/32 |
0.8% |
| Fannie Mae 2002-93
A1 |
03/25/32 |
1.1% |
| Fannie
Mae |
10/25/32 |
1.9% |
| GNMA (G2SF 3556) |
05/20/34 |
0.8% |
| Swepco
Capital Trust |
10/01/43 |
2.4% |
| BNSF Funding |
12/15/55 |
2.3% |
| Enterprise
Products |
08/01/66 |
2.8% |
| Chubb Corp |
03/29/67 |
2.7% |
| Puget
Sound Energy |
06/01/67 |
4.0% |
| Bristol Myers |
BMY |
1.5% |
| Stewart
Information |
STC |
1.4% |
| XL Capital |
XL |
2.0% |
| Cash
& Equivalents |
N/A |
2.0% |
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----------------------------------------------------
Elite
Growth & Income Fund
As of August 1, 2008
Sorted by Percent of Portfolio |
| SECURITY |
SYMBOL |
% OF PORTFOLIO |
| Antigenics |
AGEN |
5.5% |
| XL Capital |
XL |
4.9% |
| Cummins
Inc. |
CMI |
4.8% |
| Goodrich |
GR |
4.8% |
| Noble
Corp. |
NE |
4.6% |
| America Movil |
AMX |
4.4% |
| AT&T |
T |
4.3% |
| Lincoln
National |
LNC |
4.2% |
| Humana |
HUM |
3.9% |
| Bristol
Myers |
BMY |
3.9% |
| Stewart
Info Services |
STC |
3.8% |
| Whirlpool |
WHR |
3.6% |
| United
Technologies |
UTX |
3.4% |
| Google |
GOOG |
3.3% |
| Goldman
Sachs Group |
GS |
3.2% |
| Phillips Van Heusen |
PVH |
3.1% |
| CGG
Veritas |
CGV |
3.0% |
| Merck
& Co. |
MRK |
2.9% |
| Bank
of America |
BAC |
2.9% |
| Carpenter Tech. |
CRS |
2.7% |
| Suntech
Power Holdings |
STP |
2.7% |
| Akamai Tech. |
AKAM |
2.5% |
| United
Health |
UNH |
2.5% |
| First
Solar |
FSLR |
2.5% |
| AAR
Corp. |
AIR |
2.4% |
| Alcoa Inc. |
AA |
2.4% |
| Manitowac
Co. |
MTW |
2.3% |
| NYSE
Euronext |
NYX |
2.2% |
| Alaska
Air |
ALK |
1.9% |
| General
Electric |
GE |
1.5% |
| Cash
& Equivalents |
N/A |
1.1% |
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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