# EDGAR Filing Document

**Accession Number:** 0000892568
**File Stem:** 0001752724-25-186599
**Filing Date:** 2025-8
**Character Count:** 15242
**Document Hash:** 00c6f490957cd21cae2fa7fd15c29b19
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001752724-25-186599.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001752724-25-186599

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CUTLER TRUST
- **CENTRAL INDEX KEY:** 0000892568

**ORGANIZATION NAME:**
- **EIN:** 133693851
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0630

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07242
- **FILM NUMBER:** 251209488

**BUSINESS ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246
- **BUSINESS PHONE:** 513-587-3400

**MAIL ADDRESS:**
- **STREET 1:** C/O ULTIMUS FUND SOLUTIONS, LLC
- **STREET 2:** 225 PICTORIA DRIVE, SUITE 450
- **CITY:** CINCINNATI
- **STATE:** OH
- **ZIP:** 45246

## Series and Classes Contracts Data

### Cutler Equity Fund (Series ID: S000001540)

| Class ID   | Class Name         | Ticker Symbol   |
|:---|:---|:---|
| C000222167 | Cutler Equity Fund | DIVHX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** The Cutler Trust

- **b. Investment Company Act file number:** 811-07242

- **c. CIK number of Registrant:** 0000892568

- **d. LEI of Registrant:** 549300KVSOCUTW3E0J66

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

  - **Street Address 1:** 525 Bigham Knoll

  - **City:** Jacksonville

  - **State:** OR

  - **Foreign country:** US

  - **Zip / Postal Code:** 97530

  - **Telephone number:** 514-770-9000

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

- **a. Name of Series:** CUTLER EQUITY FUND

- **b. EDGAR series identifier (if any):** S000001540

- **c. LEI of Series:** 549300PVCU95CJI0CF50

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $203241887.23

**Total Liabilities:** $885319.35

**Net Assets:** $202356567.88

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000222167 | -2.60%               | 4.08%                | 3.84%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $391948.15               | $-5557863.23                               |
| Month 2  | $0.00                    | $7461301.17                                |
| Month 3  | $0.00                    | $7265155.31                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| RTX Corp.                             | RTX Corporation                                                | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |     60455 | NS      | $8827639.10   | 4.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Pfizer Inc.                           | Pfizer, Inc.                                                   | CUSIP: 717081103<br>LEI: 765LHXWGK1KXCLTFYQ30 | Long             | EC               | CORP              | US        |     88106 | NS      | $2135689.44   | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| The Kroger Co.                        | Kroger Company (The)                                           | CUSIP: 501044101<br>LEI: 6CPEOKI6OYJ13Q6O7870 | Long             | EC               | CORP              | US        |     92488 | NS      | $6634164.24   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Walmart Inc                           | Walmart, Inc.                                                  | CUSIP: 931142103<br>LEI: Y87794H0US1R65VBXU25 | Long             | EC               | CORP              | US        |    111433 | NS      | $10895918.74  | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                            | NIKE, Inc. Class B                                             | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |     45411 | NS      | $3225997.44   | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company         | Becton, Dickinson and Company                                  | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |     22715 | NS      | $3912658.75   | 1.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc                      | Merck & Company, Inc.                                          | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     46480 | NS      | $3679356.80   | 1.82%             |  |  |  | No            |                  1 | On Loan: No      |
| McDonald's Corp.                      | McDonald's Corporation                                         | CUSIP: 580135101<br>LEI: UE2136O97NLB5BYP9H04 | Long             | EC               | CORP              | US        |     25309 | NS      | $7394530.53   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| The Charles Schwab Corporation        | Charles Schwab Corporation (The)                               | CUSIP: 808513105<br>LEI: 549300VSGCJ7E698NM85 | Long             | EC               | CORP              | US        |    101850 | NS      | $9292794.00   | 4.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                     | Johnson & Johnson                                              | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |     25738 | NS      | $3931479.50   | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Texas Instruments Incorporated        | Texas Instruments, Inc.                                        | CUSIP: 882508104<br>LEI: WDJNR2L6D8RWOEB8T652 | Long             | EC               | CORP              | US        |     29797 | NS      | $6186453.14   | 3.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                         | Medtronic plc                                                  | CUSIP: G5960L103<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | US        |     62608 | NS      | $5457539.36   | 2.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Blackrock Inc.                        | BlackRock, Inc.                                                | CUSIP: 09290D101<br>LEI: 529900VBK42Y5HHRMD23 | Long             | EC               | CORP              | US        |      9307 | NS      | $9765369.75   | 4.83%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc                    | NextEra Energy, Inc.                                           | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     70808 | NS      | $4915491.36   | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Exxon Mobil Corp.                     | Exxon Mobil Corporation                                        | CUSIP: 30231G102<br>LEI: J3WHBG0MTS7O8ZVMDC91 | Long             | EC               | CORP              | US        |     57719 | NS      | $6222108.20   | 3.07%             |  |  |  | No            |                  1 | On Loan: No      |
| Home Depot Inc.                       | Home Depot, Inc. (The)                                         | CUSIP: 437076102<br>LEI: QEKMOTMBBKA8I816DO57 | Long             | EC               | CORP              | US        |     22925 | NS      | $8405222.00   | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                   | Comcast Corporation Class A                                    | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     56006 | NS      | $1998854.14   | 0.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.               | Republic Services, Inc.                                        | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |     38950 | NS      | $9605459.50   | 4.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Deere & Company                       | Deere & Company                                                | CUSIP: 244199105<br>LEI: PWFTNG3EI0Y73OXWDH08 | Long             | EC               | CORP              | US        |     16553 | NS      | $8417034.97   | 4.16%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                  | JPMorgan Chase & Company                                       | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     23428 | NS      | $6792011.48   | 3.36%             |  |  |  | No            |                  1 | On Loan: No      |
| Dupont De Nemours Inc                 | DuPont de Nemours, Inc.                                        | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     51770 | NS      | $3550904.30   | 1.75%             |  |  |  | No            |                  1 | On Loan: No      |
| International Business Machines Corp. | International Business Machines Corporation                    | CUSIP: 459200101<br>LEI: VGRQXHF3J8VDLUA7XE92 | Long             | EC               | CORP              | US        |     21337 | NS      | $6289720.86   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| The Procter & Gamble Co.              | Procter & Gamble Company (The)                                 | CUSIP: 742718109<br>LEI: 2572IBTT8CCZW6AU4141 | Long             | EC               | CORP              | US        |     30141 | NS      | $4802064.12   | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco                               | InvesCo STIT Government & Agency Portfolio INSTITUTIONAL CLASS | CUSIP: 825252885<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   1741422 | PA      | $1741422.37   | 0.86%             |  |  |  | No            |                  1 | On Loan: No      |
| Carrier Global Corporation            | Carrier Global Corporation                                     | CUSIP: 14448C104<br>LEI: 549300JE3W6CWY2NAN77 | Long             | EC               | CORP              | US        |     78143 | NS      | $5719286.17   | 2.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Chevron Corp.                         | Chevron Corporation                                            | CUSIP: 166764100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     31020 | NS      | $4441753.80   | 2.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar Inc                       | Caterpillar, Inc.                                              | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |     30519 | NS      | $11847780.99  | 5.85%             |  |  |  | No            |                  1 | On Loan: No      |
| CVS Health Corp                       | CVS Health Corporation                                         | CUSIP: 126650100<br>LEI: 549300EJG376EN5NQE29 | Long             | EC               | CORP              | US        |     68120 | NS      | $4698917.60   | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                       | Microsoft Corporation                                          | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     29830 | NS      | $14837740.30  | 7.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.           | Verizon Communications, Inc.                                   | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |    123762 | NS      | $5355181.74   | 2.65%             |  |  |  | No            |                  1 | On Loan: No      |
| M&T Bank Corporation                  | M&T Bank Corporation                                           | CUSIP: 55261F104<br>LEI: 549300WYXDDBYRASEG81 | Long             | EC               | CORP              | US        |     20581 | NS      | $3992508.19   | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| PNC Financial Services Group Inc.     | PNC Financial Services Group, Inc. (The)                       | CUSIP: 693475105<br>LEI: CFGNEKW0P8842LEUIA51 | Long             | EC               | CORP              | US        |     22928 | NS      | $4274237.76   | 2.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Pepsico Inc                           | PepsiCo, Inc.                                                  | CUSIP: 713448108<br>LEI: FJSUNZKFNQ5YPJ5OT455 | Long             | EC               | CORP              | US        |     29104 | NS      | $3842892.16   | 1.90%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** Cutler Equity Fund

**Signature:** Daniel D. Bauer

**Name of Signer:** Daniel D. Bauer

**Title:** VP, Fund Accounting