M Capital Appreciation Fund

S000006153M FUND INCCIK 0000948258

Share classes

1 class of this one portfolio · 0 exchange-listed

Class ID	Symbol	Status	Security in the master	Type
C000016960	MFCPX	NOT_LISTED	not exchange-listed	—

The share-class bridge is a snapshot, not history. The SEC's fund share-class file says what each class trades as today, not what it traded as at a past report date. A fund that changed ticker or converted from a mutual fund resolves to its present-day symbol for every historical month shown.

Share classes

Report period

1 period filed. Holdings below describe the selected month only.

2026-03-31

Filing

NPORT-P · filed 2026-05-12

Report date: 2026-03-31
Net assets: $262,644,185.72
Total assets: $262,877,443.35
Total liabilities: $233,257.63
Assets invested: $0
Cash not reported in C or D: $4,438,603.07
Amendment: No
Accession: 0001410368-26-043139

By asset category

N-PORT Item C.4.a

ECEquity - common$258.33M100.0%

By asset category

By issuer category

N-PORT Item C.4.b

CORPCorporate$254.48M98.5%

OTHEROther; the filer describe…$3.85M1.5%

By issuer category

By investment country

as filed

USUS$230.44M89.2%

IEIE$10.09M3.9%

KYKY$7.48M2.9%

PRPR$4.34M1.7%

SGSG$3.56M1.4%

BMBM$1.75M0.7%

ILIL$669.2K0.3%

By country

Classification look-through

Positions resolved to the master through ISIN, then rolled up through the taxonomy. 97.7% of reported value reaches a classification.

Equity · Information Technology(30)$61.26M23.7%

Equity · Industrials(24)$55.23M21.4%

Equity · Health Care(26)$41.15M15.9%

Equity · Financials(20)$30.69M11.9%

Equity · Materials(8)$19.33M7.5%

Equity · Consumer Discretionary(9)$16.88M6.5%

Equity · Energy(6)$14.66M5.7%

Equity · Consumer Staples(3)$7.29M2.8%

Not resolved to the master(3)$3.19M1.2%

Resolved, not yet classified(2)$2.82M1.1%

Equity · Real Estate(2)$2.66M1.0%

Equity(1)$2.04M0.8%

Equity · Communication Services(1)$1.13M0.4%

Classification covers part of the master. 5,771 of 13,106 active securities are classified. Anything unclassified is shown as its own band rather than dropped, so a look-through total that falls short of 100% is telling you about coverage, not about the fund.

Percentages are of the reported value of positions above ($258.33M), not of the fund’s net assets ($262.64M). The two differ by cash, derivatives filed with no market value, and rounding.

Classification look-through

Holdings

135 positions in this filing

Issuer nameAsset categoryIssuer category

Holdings

Issuer↕	In master	CUSIP / ISIN	Asset	Balance↕	Value↕	Weight▲	Country
Sun Country Airlines Holdings Inc Sun Country Airlines Holdings, Inc.	—	866683105 US8666831057	EC CORP	87,760 NS	$1.45M	0.552%	US
Guidewire Software Inc Guidewire Software, Inc.	GWRE	40171V100 US40171V1008	EC CORP	9,699 NS	$1.45M	0.552%	US
Revolution Medicines Inc Revolution Medicines, Inc.	RVMD	76155X100 US76155X1000	EC CORP	14,993 NS	$1.46M	0.555%	US
Universal Display Corp Universal Display Corp.	OLED	91347P105 US91347P1057	EC CORP	16,520 NS	$1.51M	0.577%	US
M/I Homes Inc M/I Homes, Inc.	MHO	55305B101 US55305B1017	EC CORP	12,627 NS	$1.55M	0.589%	US
Jazz Pharmaceuticals PLC	JAZZ	000000000 IE00B4Q5ZN47	EC CORP	8,235 NS	$1.56M	0.593%	IE
Okta Inc Okta, Inc.	OKTA	679295105 US6792951054	EC CORP	19,882 NS	$1.56M	0.596%	US
Amentum Holdings Inc Amentum Holdings, Inc.	AMTM	023939101 US0239391016	EC CORP	60,444 NS	$1.58M	0.600%	US
AGCO Corp AGCO Corp.	AGCO	001084102 US0010841023	EC CORP	13,674 NS	$1.58M	0.603%	US
STAG Industrial Inc STAG Industrial, Inc.	STAG	85254J102 US85254J1025	EC OTHER	44,834 NS	$1.62M	0.616%	US
LCI Industries	LCII	50189K103 US50189K1034	EC CORP	13,314 NS	$1.64M	0.623%	US
EPAM Systems Inc EPAM Systems, Inc.	EPAM	29414B104 US29414B1044	EC CORP	12,153 NS	$1.65M	0.627%	US
Perdoceo Education Corp Perdoceo Education Corp.	PRDO	71363P106 US71363P1066	EC CORP	45,050 NS	$1.68M	0.638%	US
Akamai Technologies Inc Akamai Technologies, Inc.	AKAM	00971T101 US00971T1016	EC CORP	14,786 NS	$1.70M	0.647%	US
Align Technology Inc Align Technology, Inc.	ALGN	016255101 US0162551016	EC CORP	9,906 NS	$1.70M	0.647%	US
Seacoast Banking Corp of Florida Seacoast Banking Corp. of Florida	SBCF	811707801 US8117078019	EC CORP	56,294 NS	$1.71M	0.649%	US
Hexcel Corp Hexcel Corp.	HXL	428291108 US4282911084	EC CORP	21,258 NS	$1.72M	0.655%	US
Markel Group Inc Markel Group, Inc.	MKL	570535104 US5705351048	EC CORP	902 NS	$1.73M	0.657%	US
Astera Labs Inc Astera Labs, Inc.	ALAB	04626A103 US04626A1034	EC CORP	15,861 NS	$1.74M	0.662%	US
Selective Insurance Group Inc Selective Insurance Group, Inc.	SIGI	816300107 US8163001071	EC CORP	23,174 NS	$1.75M	0.665%	US
Nextpower Inc Nextpower, Inc.	NXT	65290E101 US65290E1010	EC CORP	14,506 NS	$1.75M	0.666%	US
Everest Group Ltd Everest Group Ltd.	EG	000000000 BMG3223R1088	EC CORP	5,366 NS	$1.75M	0.668%	BM
MongoDB Inc MongoDB, Inc.	MDB	60937P106 US60937P1066	EC CORP	7,182 NS	$1.76M	0.669%	US
MKS Inc MKS, Inc.	MKSI	55306N104 US55306N1046	EC CORP	7,673 NS	$1.76M	0.671%	US
ICON PLC	ICLR	000000000 IE0005711209	EC CORP	15,997 NS	$1.77M	0.674%	IE
Bridgebio Pharma Inc Bridgebio Pharma, Inc.	BBIO	10806X102 US10806X1028	EC CORP	24,638 NS	$1.83M	0.697%	US
Hubbell Inc Hubbell, Inc.	HUBB	443510607 US4435106079	EC CORP	3,767 NS	$1.85M	0.704%	US
Natera Inc Natera, Inc.	NTRA	632307104 US6323071042	EC CORP	9,379 NS	$1.88M	0.714%	US
TransMedics Group Inc TransMedics Group, Inc.	TMDX	89377M109 US89377M1099	EC CORP	19,072 NS	$1.90M	0.722%	US
Equifax Inc Equifax, Inc.	EFX	294429105 US2944291051	EC CORP	10,550 NS	$1.90M	0.723%	US
James Hardie Industries PLC	JHX	000000000 IE000R94NGM2	EC CORP	100,983 NS	$1.91M	0.728%	IE
Belden Inc Belden, Inc.	BDC	077454106 US0774541066	EC CORP	16,733 NS	$1.92M	0.732%	US
Qorvo Inc Qorvo, Inc.	QRVO	74736K101 US74736K1016	EC CORP	25,125 NS	$1.94M	0.740%	US
First BanCorp/Puerto Rico First BanCorp	FBP	318672706 PR3186727065	EC CORP	91,507 NS	$1.95M	0.744%	PR
Gulfport Energy Corp Gulfport Energy Corp.	GPOR	402635502 US4026355028	EC CORP	9,377 NS	$1.98M	0.755%	US
Liberty Energy Inc Liberty Energy, Inc.	LBRT	53115L104 US53115L1044	EC CORP	68,934 NS	$1.99M	0.756%	US
Caesars Entertainment Inc Caesars Entertainment, Inc.	CZR	12769G100 US12769G1004	EC CORP	75,781 NS	$2.00M	0.763%	US
United Therapeutics Corp United Therapeutics Corp.	UTHR	91307C102 US91307C1027	EC CORP	3,378 NS	$2.00M	0.763%	US
Circle Internet Group Inc Circle Internet Group, Inc.	CRCL	172573107 US1725731079	EC CORP	21,079 NS	$2.01M	0.766%	US
Range Resources Corp Range Resources Corp.	RRC	75281A109 US75281A1097	EC CORP	44,661 NS	$2.02M	0.768%	US
Acadia Healthcare Co Inc Acadia Healthcare Co., Inc.	ACHC	00404A109 US00404A1097	EC CORP	86,349 NS	$2.02M	0.769%	US
AeroVironment Inc AeroVironment, Inc.	AVAV	008073108 US0080731088	EC CORP	11,102 NS	$2.03M	0.774%	US
Stride Inc Stride, Inc.	LRN	86333M108 US86333M1080	EC CORP	23,177 NS	$2.04M	0.778%	US
RXO Inc RXO, Inc.	RXO	74982T103 US74982T1034	EC CORP	142,152 NS	$2.08M	0.791%	US
Elanco Animal Health Inc Elanco Animal Health, Inc.	ELAN	28414H103 US28414H1032	EC CORP	91,626 NS	$2.19M	0.835%	US
Citizens Financial Group Inc Citizens Financial Group, Inc.	CFG	174610105 US1746101054	EC CORP	36,648 NS	$2.20M	0.837%	US
Sanmina Corp Sanmina Corp.	SANM	801056102 US8010561020	EC CORP	17,138 NS	$2.22M	0.846%	US
Ultra Clean Holdings Inc Ultra Clean Holdings, Inc.	UCTT	90385V107 US90385V1070	EC CORP	35,971 NS	$2.24M	0.852%	US
Wintrust Financial Corp Wintrust Financial Corp.	WTFC	97650W108 US97650W1080	EC CORP	16,286 NS	$2.26M	0.862%	US
Planet Fitness Inc Planet Fitness, Inc.	PLNT	72703H101 US72703H1014	EC CORP	30,444 NS	$2.26M	0.862%	US

Issuer↕

In master

CUSIP / ISIN

Asset

Balance↕

Value↕

Weight▲

Country

Sun Country Airlines Holdings Inc

Sun Country Airlines Holdings, Inc.

—

866683105

US8666831057

CORP

87,760 NS

$1.45M

0.552%

Guidewire Software Inc

Guidewire Software, Inc.

GWRE

40171V100

US40171V1008

CORP

9,699 NS

$1.45M

0.552%

Revolution Medicines Inc

Revolution Medicines, Inc.

RVMD

76155X100

US76155X1000

CORP

14,993 NS

$1.46M

0.555%

Universal Display Corp

Universal Display Corp.

OLED

91347P105

US91347P1057

CORP

16,520 NS

$1.51M

0.577%

M/I Homes Inc

M/I Homes, Inc.

MHO

55305B101

US55305B1017

CORP

12,627 NS

$1.55M

0.589%

Jazz Pharmaceuticals PLC

JAZZ

000000000

IE00B4Q5ZN47

CORP

8,235 NS

$1.56M

0.593%

Okta Inc

Okta, Inc.

OKTA

679295105

US6792951054

CORP

19,882 NS

$1.56M

0.596%

Amentum Holdings Inc

Amentum Holdings, Inc.

AMTM

023939101

US0239391016

CORP

60,444 NS

$1.58M

0.600%

AGCO Corp

AGCO Corp.

AGCO

001084102

US0010841023

CORP

13,674 NS

$1.58M

0.603%

STAG Industrial Inc

STAG Industrial, Inc.

STAG

85254J102

US85254J1025

OTHER

44,834 NS

$1.62M

0.616%

LCI Industries

LCII

50189K103

US50189K1034

CORP

13,314 NS

$1.64M

0.623%

EPAM Systems Inc

EPAM Systems, Inc.

EPAM

29414B104

US29414B1044

CORP

12,153 NS

$1.65M

0.627%

Perdoceo Education Corp

Perdoceo Education Corp.

PRDO

71363P106

US71363P1066

CORP

45,050 NS

$1.68M

0.638%

Akamai Technologies Inc

Akamai Technologies, Inc.

AKAM

00971T101

US00971T1016

CORP

14,786 NS

$1.70M

0.647%

Align Technology Inc

Align Technology, Inc.

ALGN

016255101

US0162551016

CORP

9,906 NS

$1.70M

0.647%

Seacoast Banking Corp of Florida

Seacoast Banking Corp. of Florida

SBCF

811707801

US8117078019

CORP

56,294 NS

$1.71M

0.649%

Hexcel Corp

Hexcel Corp.

HXL

428291108

US4282911084

CORP

21,258 NS

$1.72M

0.655%

Markel Group Inc

Markel Group, Inc.

MKL

570535104

US5705351048

CORP

902 NS

$1.73M

0.657%

Astera Labs Inc

Astera Labs, Inc.

ALAB

04626A103

US04626A1034

CORP

15,861 NS

$1.74M

0.662%

Selective Insurance Group Inc

Selective Insurance Group, Inc.

SIGI

816300107

US8163001071

CORP

23,174 NS

$1.75M

0.665%

Nextpower Inc

Nextpower, Inc.

NXT

65290E101

US65290E1010

CORP

14,506 NS

$1.75M

0.666%

Everest Group Ltd

Everest Group Ltd.

000000000

BMG3223R1088

CORP

5,366 NS

$1.75M

0.668%

MongoDB Inc

MongoDB, Inc.

MDB

60937P106

US60937P1066

CORP

7,182 NS

$1.76M

0.669%

MKS Inc

MKS, Inc.

MKSI

55306N104

US55306N1046

CORP

7,673 NS

$1.76M

0.671%

ICON PLC

ICLR

000000000

IE0005711209

CORP

15,997 NS

$1.77M

0.674%

Bridgebio Pharma Inc

Bridgebio Pharma, Inc.

BBIO

10806X102

US10806X1028

CORP

24,638 NS

$1.83M

0.697%

Hubbell Inc

Hubbell, Inc.

HUBB

443510607

US4435106079

CORP

3,767 NS

$1.85M

0.704%

Natera Inc

Natera, Inc.

NTRA

632307104

US6323071042

CORP

9,379 NS

$1.88M

0.714%

TransMedics Group Inc

TransMedics Group, Inc.

TMDX

89377M109

US89377M1099

CORP

19,072 NS

$1.90M

0.722%

Equifax Inc

Equifax, Inc.

EFX

294429105

US2944291051

CORP

10,550 NS

$1.90M

0.723%

James Hardie Industries PLC

JHX

000000000

IE000R94NGM2

CORP

100,983 NS

$1.91M

0.728%

Belden Inc

Belden, Inc.

BDC

077454106

US0774541066

CORP

16,733 NS

$1.92M

0.732%

Qorvo Inc

Qorvo, Inc.

QRVO

74736K101

US74736K1016

CORP

25,125 NS

$1.94M

0.740%

First BanCorp/Puerto Rico

First BanCorp

FBP

318672706

PR3186727065

CORP

91,507 NS

$1.95M

0.744%

Gulfport Energy Corp

Gulfport Energy Corp.

GPOR

402635502

US4026355028

CORP

9,377 NS

$1.98M

0.755%

Liberty Energy Inc

Liberty Energy, Inc.

LBRT

53115L104

US53115L1044

CORP

68,934 NS

$1.99M

0.756%

Caesars Entertainment Inc

Caesars Entertainment, Inc.

CZR

12769G100

US12769G1004

CORP

75,781 NS

$2.00M

0.763%

United Therapeutics Corp

United Therapeutics Corp.

UTHR

91307C102

US91307C1027

CORP

3,378 NS

$2.00M

0.763%

Circle Internet Group Inc

Circle Internet Group, Inc.

CRCL

172573107

US1725731079

CORP

21,079 NS

$2.01M

0.766%

Range Resources Corp

Range Resources Corp.

RRC

75281A109

US75281A1097

CORP

44,661 NS

$2.02M

0.768%

Acadia Healthcare Co Inc

Acadia Healthcare Co., Inc.

ACHC

00404A109

US00404A1097

CORP

86,349 NS

$2.02M

0.769%

AeroVironment Inc

AeroVironment, Inc.

AVAV

008073108

US0080731088

CORP

11,102 NS

$2.03M

0.774%

Stride Inc

Stride, Inc.

LRN

86333M108

US86333M1080

CORP

23,177 NS

$2.04M

0.778%

RXO Inc

RXO, Inc.

RXO

74982T103

US74982T1034

CORP

142,152 NS

$2.08M

0.791%

Elanco Animal Health Inc

Elanco Animal Health, Inc.

ELAN

28414H103

US28414H1032

CORP

91,626 NS

$2.19M

0.835%

Citizens Financial Group Inc

Citizens Financial Group, Inc.

CFG

174610105

US1746101054

CORP

36,648 NS

$2.20M

0.837%

Sanmina Corp

Sanmina Corp.

SANM

801056102

US8010561020

CORP

17,138 NS

$2.22M

0.846%

Ultra Clean Holdings Inc

Ultra Clean Holdings, Inc.

UCTT

90385V107

US90385V1070

CORP

35,971 NS

$2.24M

0.852%

Wintrust Financial Corp

Wintrust Financial Corp.

WTFC

97650W108

US97650W1080

CORP

16,286 NS

$2.26M

0.862%

Planet Fitness Inc

Planet Fitness, Inc.

PLNT

72703H101

US72703H1014

CORP

30,444 NS

$2.26M

0.862%