# EDGAR Filing Document

**Accession Number:** 0001558372
**File Stem:** 0001145549-25-049457
**Filing Date:** 2025-7
**Character Count:** 24488
**Document Hash:** 7d09944e1d53e1bd964d31e5020ad1b6
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001145549-25-049457.hdr.sgml**: 20250729

**ACCESSION NUMBER**: 0001145549-25-049457

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250531

**FILED AS OF DATE**: 20250729

**DATE AS OF CHANGE**: 20250729

**PERIOD START**: 20251130

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** YCG Funds
- **CENTRAL INDEX KEY:** 0001558372

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22748
- **FILM NUMBER:** 251159168

**BUSINESS ADDRESS:**
- **STREET 1:** 3207 RANCH ROAD 620 SOUTH, SUITE 200
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738
- **BUSINESS PHONE:** 512-505-2347

**MAIL ADDRESS:**
- **STREET 1:** 3207 RANCH ROAD 620 SOUTH, SUITE 200
- **CITY:** AUSTIN
- **STATE:** TX
- **ZIP:** 78738

## Series and Classes Contracts Data

### YCG Enhanced Fund (Series ID: S000039146)

| Class ID   | Class Name     | Ticker Symbol   |
|:---|:---|:---|
| C000120427 | Class R Shares | YCGEX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** YCG Funds

- **b. Investment Company Act file number:** 811-22748

- **c. CIK number of Registrant:** 0001558372

- **d. LEI of Registrant:** 5493006GVNOA6YR3T597

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 3207 Ranch Road 620 South

  - **City:** Austin

  - **State:** TX

  - **Foreign country:** US

  - **Zip / Postal Code:** 78738

  - **Telephone number:** 512-505-2347

**Item A.2. Information about the Series.**

- **a. Name of Series:** YCG Enhanced Fund

- **b. EDGAR series identifier (if any):** S000039146

- **c. LEI of Series:** 549300VU3NBG7VENCY30

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-11-30

- **b. Date as of which information is reported:** 2025-05-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $591776020.35

**Total Liabilities:** $2245371.70

**Net Assets:** $589530648.65

**Cash Not Reported:** $8780650.71

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000120427 | -3.64%               | 0.16%                | 3.61%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $1871308.37              | $-23303915.18                              |
| Month 2  | $6102525.81              | $-6766864.31                               |
| Month 3  | $2102218.83              | $18272476.96                               |

**Designated Index Information**

- **Index Name:** S&P Global BMI (US Dollar) Total Return Index

- **Index Identifier:** STBMGLU

### Schedule of Portfolio Investments

| Name                           | Title                               | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Martin Marietta Materials Inc  | Martin Marietta Materials Inc       | CUSIP: 573284106<br>LEI: 5299005MZ4WZECVATV08 | Long             | EC               | CORP              | US        |      6038 | NS      | $3306106.90   | 0.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Mastercard Inc                 | Mastercard Inc                      | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |     68896 | NS      | $40345497.60  | 6.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp                 | Microsoft Corp                      | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     96885 | NS      | $44601978.60  | 7.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corp                   | Moody's Corp                        | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |     74848 | NS      | $35876143.36  | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Procter & Gamble Co/The        | Procter & Gamble Co/The             | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     42509 | NS      | $7221854.01   | 1.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Progressive Corp/The           | Progressive Corp/The                | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     26092 | NS      | $7434393.56   | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services Inc          | Republic Services Inc               | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     92256 | NS      | $23736546.24  | 4.03%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc                 | S&P Global Inc                      | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |     34240 | NS      | $17560326.40  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797MH7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      5000 | PA      | $4945.00      | 0.00%             | 2025-09-04      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797MS3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |  10943000 | PA      | $10787634.02  | 1.83%             | 2025-10-02      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797NA1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2287000 | PA      | $2247168.08   | 0.38%             | 2025-10-30      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797PP6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     20000 | PA      | $19812.11     | 0.00%             | 2025-08-21      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797PQ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     22000 | PA      | $21774.57     | 0.00%             | 2025-08-28      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797PW1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    269000 | PA      | $265835.19    | 0.05%             | 2025-09-11      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QG5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     81000 | PA      | $79659.11     | 0.01%             | 2025-10-23      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QP5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |    434000 | PA      | $426123.44    | 0.07%             | 2025-11-06      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QQ3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     85000 | PA      | $83387.03     | 0.01%             | 2025-11-13      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QR1<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   4813000 | PA      | $4717685.56   | 0.80%             | 2025-11-20      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics Inc           | Verisk Analytics Inc                | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |     55009 | NS      | $17280527.26  | 2.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc                       | Visa Inc                            | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     31725 | NS      | $11585652.75  | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Vulcan Materials Co            | Vulcan Materials Co                 | CUSIP: 929160109<br>LEI: 549300Q8LSNHAVWBNI21 | Long             | EC               | CORP              | US        |     12275 | NS      | $3253734.25   | 0.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Management Inc           | Waste Management Inc                | CUSIP: 94106L109<br>LEI: 549300YX8JIID70NFS41 | Long             | EC               | CORP              | US        |     96947 | NS      | $23361318.59  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Apple Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -108 | NC      | $-37152.00    | -0.01%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Apple Inc                           | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -310 | NC      | $-162440.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CRH PLC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -40 | NC      | $-3200.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CRH PLC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -108 | NC      | $-39960.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | CRH PLC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -163 | NC      | $-96170.00    | -0.02%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | CRH PLC                             | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -25 | NC      | $-18125.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Fair Isaac Corp                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |        -5 | NC      | $-103475.00   | -0.02%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Fair Isaac Corp                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -24 | NC      | $-533280.00   | -0.09%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Fair Isaac Corp                     | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -30 | NC      | $-347610.00   | -0.06%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Intuit Inc                          | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-3000.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Martin Marietta Materials Inc       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -20 | NC      | $-8550.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Martin Marietta Materials Inc       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -10 | NC      | $-5525.00     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | Martin Marietta Materials Inc       | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -22 | NC      | $-55770.00    | -0.01%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSCI Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -17 | NC      | $-5737.50     | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | MSCI Inc                            | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -51 | NC      | $-14790.00    | -0.00%            |  |  |  | No            |                  2 | On Loan: No      |
| N/A                            | S&P Global Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -33 | NC      | $-10890.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Vulcan Materials Co                 | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -101 | NC      | $-153520.00   | -0.03%            |  |  |  | No            |                  1 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797PX9<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |      3000 | PA      | $2962.17      | 0.00%             | 2025-09-18      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797PY7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     71000 | PA      | $70049.97     | 0.01%             | 2025-09-25      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QE0<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   2225000 | PA      | $2191703.10   | 0.37%             | 2025-10-09      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| TREASURY BILL                  | United States Treasury Bill         | CUSIP: 912797QF7<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |     85000 | PA      | $83658.93     | 0.01%             | 2025-10-16      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| MSCI Inc                       | MSCI Inc                            | CUSIP: 55354G100<br>LEI: 549300HTIN2PD78UB763 | Long             | EC               | CORP              | US        |     41877 | NS      | $23619465.54  | 4.01%             |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |      -113 | NC      | $-4294.00     | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| N/A                            | Amazon.com Inc                      | CUSIP: N/A<br>LEI: N/A                        | N/A              | DE               |  | US        |       -86 | NC      | $-11180.00    | -0.00%            |  |  |  | No            |                  1 | On Loan: No      |
| Adobe Inc                      | Adobe Inc                           | CUSIP: 00724F101<br>LEI: FU4LY2G4933NH2E1CP29 | Long             | EC               | CORP              | US        |     15675 | NS      | $6506535.75   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Alphabet Inc                   | Alphabet Inc                        | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     85230 | NS      | $14732005.50  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Amazon.com Inc                 | Amazon.com Inc                      | CUSIP: 023135106<br>LEI: ZXTILKJKG63JELOEG630 | Long             | EC               | CORP              | US        |    126630 | NS      | $25960416.30  | 4.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Apple Inc                      | Apple Inc                           | CUSIP: 037833100<br>LEI: HWUPKR0MPOU8FGXBT394 | Long             | EC               | CORP              | US        |     81107 | NS      | $16290340.95  | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| CBRE Group Inc                 | CBRE Group Inc                      | CUSIP: 12504L109<br>LEI: 52990016II9MJ2OSWA10 | Long             | EC               | CORP              | US        |     86934 | NS      | $10868488.68  | 1.84%             |  |  |  | No            |                  1 | On Loan: No      |
| CME Group Inc                  | CME Group Inc                       | CUSIP: 12572Q105<br>LEI: LCZ7XYGSLJUHFXXNXD88 | Long             | EC               | CORP              | US        |     45467 | NS      | $13139963.00  | 2.23%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian National Railway Co   | Canadian National Railway Co        | CUSIP: 136375102<br>LEI: 3SU7BEP7TH9YEQOZCS77 | Long             | EC               | CORP              | CA        |    115269 | NS      | $12096328.86  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Canadian Pacific Kansas City L | Canadian Pacific Kansas City Ltd    | CUSIP: 13646K108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |    151484 | NS      | $12368668.60  | 2.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Colgate-Palmolive Co           | Colgate-Palmolive Co                | CUSIP: 194162103<br>LEI: YMEGZFW4SBUSS5BQXF88 | Long             | EC               | CORP              | US        |     82613 | NS      | $7678052.22   | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Copart Inc                     | Copart Inc                          | CUSIP: 217204106<br>LEI: 549300KVYX3JWMYEHU61 | Long             | EC               | CORP              | US        |    482780 | NS      | $24853514.40  | 4.22%             |  |  |  | No            |                  1 | On Loan: No      |
| CoStar Group Inc               | CoStar Group Inc                    | CUSIP: 22160N109<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    203109 | NS      | $14940698.04  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp                | Fair Isaac Corp                     | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |     10375 | NS      | $17910155.00  | 3.04%             |  |  |  | No            |                  1 | On Loan: No      |
| LVMH Moet Hennessy Louis Vuitt | LVMH Moet Hennessy Louis Vuitton SE | CUSIP: N/A<br>LEI: IOG4E947OATN0KJYSD45       | Long             | EC               | CORP              | FR        |     11939 | NS      | $6483208.72   | 1.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Intuit Inc                     | Intuit Inc                          | CUSIP: 461202103<br>LEI: VI90HBPH7XSFMB9E4M29 | Long             | EC               | CORP              | US        |     26583 | NS      | $20029493.01  | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Hermes International SCA       | Hermes International SCA            | CUSIP: N/A<br>LEI: 969500Y4IJGHJE2MTJ13       | Long             | EC               | CORP              | FR        |     11359 | NS      | $31315247.92  | 5.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Marsh & McLennan Cos Inc       | Marsh & McLennan Cos Inc            | CUSIP: 571748102<br>LEI: 549300XMP3KDCKJXIU47 | Long             | EC               | CORP              | US        |     98033 | NS      | $22906390.78  | 3.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Aon PLC                        | Aon PLC                             | CUSIP: N/A<br>LEI: 635400FALWQYX5E6QC64       | Long             | EC               | CORP              | GB        |     61134 | NS      | $22746738.72  | 3.86%             |  |  |  | No            |                  1 | On Loan: No      |
| CRH PLC                        | CRH PLC                             | CUSIP: N/A<br>LEI: 549300MIDJNNTH068E74       | Long             | EC               | CORP              | US        |     31493 | NS      | $2870901.88   | 0.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Ferrari NV                     | Ferrari NV                          | CUSIP: N/A<br>LEI: 549300RIVY5EX8RCON76       | Long             | EC               | CORP              | IT        |     22928 | NS      | $10977009.28  | 1.86%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-07-10

**Name of Applicant:** YCG Funds

**Signature:** /s/ Lelia Long

**Name of Signer:** YCG Funds

**Title:** Chief Compliance Officer