# EDGAR Filing Document

**Accession Number:** 0001003924
**File Stem:** 0001162044-26-000264
**Filing Date:** 2026-3
**Character Count:** 146767
**Document Hash:** 3d028d7eca6fa7dc0060548c0c60bd43
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-26-000264.hdr.sgml**: 20260311

**ACCESSION NUMBER**: 0001162044-26-000264

**CONFORMED SUBMISSION TYPE**: N-CSR

**PUBLIC DOCUMENT COUNT**: 29

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260311

**DATE AS OF CHANGE**: 20260311

**EFFECTIVENESS DATE**: 20260311

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** MANOR INVESTMENT FUNDS INC
- **CENTRAL INDEX KEY:** 0001003924

**ORGANIZATION NAME:**
- **EIN:** 232818611
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** N-CSR
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09134
- **FILM NUMBER:** 26741902

**BUSINESS ADDRESS:**
- **STREET 1:** 15 CHESTER COMMONS
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355
- **BUSINESS PHONE:** 610-722-0900

**MAIL ADDRESS:**
- **STREET 1:** 15 CHESTER COMMONS
- **CITY:** MALVERN
- **STATE:** PA
- **ZIP:** 19355

## Series and Classes Contracts Data

### Manor Fund (Series ID: S000012149)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033144 | Manor Fund   | MNRMX           |

### Growth Fund (Series ID: S000012150)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033145 | Growth Fund  | MNRGX           |

### Bond Fund (Series ID: S000012151)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000033146 | Bond Fund    | MNRBX           |

?xml version='1.0' encoding='ASCII'? FORM N-CSR

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT

INVESTMENT COMPANIES

Investment Company Act file number 811-09134

<u>Manor Investment Funds</u>

(Exact name of registrant as specified in charter)

<u>15 Chester Commons, Malvern, PA 19355</u>

(Address of principal executive offices)

Daniel A. Morris

<u>15 Chester Commons, Malvern, PA 19355</u>

(Name and address of agent for service)

Registrant s telephone number, including area code: 610-722-0900

Date of fiscal year end: December 31

Date of reporting period: December 31, 2025

Form N-CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e-1 under the Investment Company Act of 1940 (17 CFR 270-30e-1). The Commission may use the information provided on Form N-CSR in its regulatory, disclosure review, inspection and policymaking roles.

A registrant is required to disclose the information specified by Form N-CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-CSR unless the Form displays a currently valid Office of Management and Budget (OMB) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection if information under the clearance requirement of 44 U.S.C. 3507.

**ITEM 1. REPORTS TO SHAREHOLDERS.**

![](image_001.jpg)

ANNUAL SHAREHOLDER REPORT

**December 31, 2025**

MANOR FUND

***MNRMX***

**<u>ADDITIONAL INFORMATION</u>**

This annual shareholder report contains important information about the Manor Fund - MNRMX (the "Fund") for the period January 1, 2025 to December 31, 2025, as well as certain changes to the Fund.

You can find additional information about the fund at www.manorfunds.com. You can also request this information by contacting us at 1-800-787-3334.

**<u>expense Information</u>**

**What were the Fund costs for the past year?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Fund Name | &nbsp;&nbsp;**Costs of a $10,000 investment** | &nbsp;&nbsp;**Costs paid as a percentage of a $10,000 investment\*** |
| &nbsp;&nbsp;Manor Fund | &nbsp;&nbsp;$138 | &nbsp;&nbsp;1.25% |

---

\*Annualized

**<u>managment's discussion of fund performance</u>**

The U.S. stock market delivered a strong overall performance in 2025, extending a multi-year bull run and overcoming significant volatility. Major equity benchmarks finished the year with double-digit gains: the S&P 500 rose about +17.9%, the Dow Jones Industrial Average climbed nearly +13.0%, and the Nasdaq Composite led with about +20.4% returns for the year. This ended a year characterized by sharp swings early on as policy uncertainty, trade tensions, and tariff announcements weighed on markets in the first quarter and contributed to temporary declines. However, a combination of strong corporate earnings, continued investor demand for technology and growth stocks, and signs of easing inflation and rate expectations helped markets rebound and sustain gains into year-end. Sector performance varied, with information technology and AI-related equities outperforming while other segments showed more muted gains. Small-cap stocks also produced positive returns, though generally lagged large caps. Overall, 2025 represented the third consecutive year of double-digit U.S. equity returns, making it one of the most enduring bull markets in recent decades.

The Fund, a large-blend mutual fund that seeks long-term capital appreciation and moderate income, also delivered positive performance in 2025, outperforming its category average and posting strong absolute returns. According to recent fund data, The Fund returned about +20.7% for the year ended December 31, 2025, significantly above the category average and ahead of many large-cap peers. This return was somewhat higher than the broader S&P 500 Index's ~17.9% gain, indicating the fund's stock selection and sector exposure added incremental performance. Top holdings included a mix of technology (e.g., Microsoft, Applied Materials, Nvidia) and other sectors, which likely contributed to the fund's relative strength versus the overall market. In summary, 2025 was a robust year for U.S. equities, with major indexes delivering solid double-digit returns despite early-year volatility. The Fund outperformed its category and delivered strong annual gains, reflecting successful positioning within the broader growth environment. Investors in both broad market indexes and diversified active funds like the Fund benefited from continued economic resilience and equity market momentum throughout 2025.

**<u>Performance graph</u>**

**TOTAL RETURNS FOR THE YEAR ENDED DECEMBER 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**ONE YEAR** | &nbsp;&nbsp;**FIVE YEARS** | &nbsp;&nbsp;**TEN YEARS** |
| &nbsp;&nbsp;Manor Fund | &nbsp;&nbsp;20.67% | &nbsp;&nbsp;13.78% | &nbsp;&nbsp;10.78% |
| &nbsp;&nbsp;Lipper Large Cap Core Index | &nbsp;&nbsp;17.87% | &nbsp;&nbsp;13.75% | &nbsp;&nbsp;14.02% |
| &nbsp;&nbsp;S&P 500 | &nbsp;&nbsp;17.88% | &nbsp;&nbsp;14.42% | &nbsp;&nbsp;14.81% |

---

**Hypothetical Cumulative Performance Comparison of $10,000 Investment For the Past Ten Years**

**Past performance is not a good predictor of future performance**. The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-800-787-3334.

**<u>Fund statistics</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;ADVISORY FEES |
| &nbsp;&nbsp;NET ASSETS: | &nbsp;&nbsp;HOLDINGS: | &nbsp;&nbsp;TURNOVER: | &nbsp;&nbsp;PAID BY FUND: |
| &nbsp;&nbsp;$11.3 MILLION | &nbsp;&nbsp;30 | &nbsp;&nbsp;9.54% | &nbsp;&nbsp;$76808 |

---

**<u>PORTFOLIO ILLUSTRATION</u>**

The following chart gives a visual breakdown of the Fund by the industry sectors the underlying securities represent as a percentage of the portfolio of investments. Below Sectors are categorized using Morningstar? classifications.

![](image_002.gif)

**<u>top ten holdings (% of net assets)</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp;7.47% |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;AppLovin Corp. | &nbsp;&nbsp;7.10% |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;Vertiv Holdings Co | &nbsp;&nbsp;5.40% |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;5.21% |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;Cummins, Inc. | &nbsp;&nbsp;4.61% |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;JP Morgan Chase & Co. | &nbsp;&nbsp;4.40% |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;Alphabet, Inc. Class A | &nbsp;&nbsp;4.13% |
| &nbsp;&nbsp;8. | &nbsp;&nbsp;Booking Holdings, Inc. | &nbsp;&nbsp;3.75% |
| &nbsp;&nbsp;9. | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;3.65% |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Netflix, Inc. | &nbsp;&nbsp;3.62% |
|  | &nbsp;&nbsp;Total % of Net Assets | &nbsp;&nbsp;49.34% |

---

**<u>MATERIAL FUND CHANGES</u>** 

No material changes occurred during the period ended December 31, 2025.

**<u>Householding</u>**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Manor Fund documents not be householded, please contact Manor Fund at 1-800-787-3334, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Manor Fund or your financial intermediary.

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, visit www.manorfunds.com or contact us at 1-800-787-3334.

![](image_001.jpg)

ANNUAL SHAREHOLDER REPORT

**December 31, 2025**

MANOR GROWTH FUND

***MNRGX***

**<u>ADDITIONAL INFORMATION</u>**

This annual shareholder report contains important information about the Manor Growth Fund - MNRGX (the "Fund") for the period January 1, 2025 to December 31, 2025, as well as certain changes to the Fund.

You can find additional information about the fund at www.manorfunds.com. You can also request this information by contacting us at 1-800-787-3334.

**<u>expense Information</u>**

**What were the Fund costs for the past year?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Fund Name | &nbsp;&nbsp;**Costs of a $10,000 investment** | &nbsp;&nbsp;**Costs paid as a percentage of a $10,000 investment\*** |
| &nbsp;&nbsp;Manor Growth Fund | &nbsp;&nbsp;$107 | &nbsp;&nbsp;0.99% |

---

\*Annualized

**<u>managment's discussion of fund performance</u>**

The U.S. stock market posted solid gains in 2025, extending its multi-year rally despite bouts of volatility and geopolitical uncertainty. Major benchmarks finished the year with double-digit total returns: the S&P 500 rose approximately 17.9%, the Nasdaq Composite climbed around 20.4%, and the Dow Jones Industrial Average increased roughly 13.0% for the calendar year. These results reflected broad but uneven investor confidence driven by strong corporate earnings, resilient economic growth, and sustained interest in technology and growth stocks. The market faced early-year headwinds, including tariff-related sell-offs and sharp intra-year declines. Nonetheless, markets recovered in the latter half of the year, with technology and AI-linked companies leading performance and contributing significantly to gains across growth-oriented indexes. The third consecutive year of double-digit returns underscored the persistence of the equity bull market, though returns in 2025 were slightly lower than the elevated gains seen in 2023 and 2024.

Against this backdrop, the Fund delivered a positive 2025 result, though more modest than broader market benchmarks. According to fund data, the Fund reported a 1-year total return of about 15.5% as of year-end, including dividends. This performance trailed the Nasdaq and the S&P 500's stronger gains but still represented a healthy return for a growth-focused actively managed mutual fund. The Fund's portfolio emphasizes large-cap U.S. growth equities, with significant allocations to established companies such as Apple, Microsoft, Amazon, and other innovation-driven names. The return of the Fund placed it near the middle of its category for the year, reflecting the challenges of outperforming broad tech benchmarks in a period where mega-cap growth stocks dominated market returns. Despite that, the fund's commitment to long-term capital appreciation remained evident, and its concentrated portfolio strategy contributed to steady gains. Overall, 2025 was a robust year for U.S. equity markets, with major indexes delivering double-digit returns. The Fund participated in the broader market's upside, posting a respectable annual return that reflected its growth-oriented investment approach, even as it slightly lagged the strongest market segments.

**<u>Performance graph</u>**

**TOTAL RETURNS FOR THE YEAR ENDED DECEMBER 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**ONE YEAR** | &nbsp;&nbsp;**FIVE YEARS** | &nbsp;&nbsp;**TEN YEARS** |
| &nbsp;&nbsp;Manor Growth Fund | &nbsp;&nbsp;15.45% | &nbsp;&nbsp;13.27% | &nbsp;&nbsp;14.21% |
| &nbsp;&nbsp;Lipper Large Cap Growth Index | &nbsp;&nbsp;16.26% | &nbsp;&nbsp;12.66% | &nbsp;&nbsp;16.06% |
| &nbsp;&nbsp;S&P 500 | &nbsp;&nbsp;17.88% | &nbsp;&nbsp;14.42% | &nbsp;&nbsp;14.81% |

---

**Hypothetical Cumulative Performance Comparison of $10,000 Investment For the Past Ten Years**

![](manorgrowth.jpg)

**Past performance is not a good predictor of future performance**. The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-800-787-3334.

**<u>Fund statistics</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;ADVISORY FEES |
| &nbsp;&nbsp;NET ASSETS: | &nbsp;&nbsp;HOLDINGS: | &nbsp;&nbsp;TURNOVER: | &nbsp;&nbsp;PAID BY FUND: |
| &nbsp;&nbsp;$18.9 MILLION | &nbsp;&nbsp;25 | &nbsp;&nbsp;9.44% | &nbsp;&nbsp;$130812 |

---

**<u>PORTFOLIO ILLUSTRATION</u>**

The following chart gives a visual breakdown of the Fund by the industry sectors the underlying securities represent as a percentage of the portfolio of investments. Below Sectors are categorized using Morningstar? classifications.

![](image_004.gif)

**<u>top ten holdings (% of net assets)</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;11.62% |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;AppLovin Corp. | &nbsp;&nbsp;7.05% |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp;6.44% |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;Vertiv Holdings Co | &nbsp;&nbsp;5.64% |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;United Rentals, Inc. | &nbsp;&nbsp;5.61% |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;Amazon.com, Inc. | &nbsp;&nbsp;5.47% |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;5.21% |
| &nbsp;&nbsp;8. | &nbsp;&nbsp;Alphabet, Inc. Class C | &nbsp;&nbsp;4.87% |
| &nbsp;&nbsp;9. | &nbsp;&nbsp;Alphabet, Inc. Class A | &nbsp;&nbsp;4.87% |
| &nbsp;&nbsp;10. | &nbsp;&nbsp;Apollo Global Management, Inc. Class A | &nbsp;&nbsp;3.78% |
|  | &nbsp;&nbsp;Total % of Net Assets | &nbsp;&nbsp;60.56% |

---

**<u>MATERIAL FUND CHANGES</u>** 

No material changes occurred during the period ended December 31, 2025.

**<u>Householding</u>**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Manor Growth Fund documents not be householded, please contact Manor Growth Fund at 1-800-787-3334, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Manor Growth Fund or your financial intermediary.

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, visit www.manorfunds.com or contact us at 1-800-787-3334.

![](image_001.jpg)

ANNUAL SHAREHOLDER REPORT

**December 31, 2025**

MANOR BOND FUND

***MNRBX***

**<u>ADDITIONAL INFORMATION</u>**

This annual shareholder report contains important information about the Manor Bond Fund - MNRBX (the "Fund") for the period January 1, 2025 to December 31, 2025, as well as certain changes to the Fund.

You can find additional information about the fund at www.manorfunds.com. You can also request this information by contacting us at 1-800-787-3334.

**<u>expense Information</u>**

**What were the Fund costs for the past year?**

(based on a hypothetical $10,000 investment)

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;Fund Name | &nbsp;&nbsp;**Costs of a $10,000 investment** | &nbsp;&nbsp;**Costs paid as a percentage of a $10,000 investment\*** |
| &nbsp;&nbsp;Manor Bond Fund | &nbsp;&nbsp;$98 | &nbsp;&nbsp;0.95% |

---

\*Annualized

**<u>managment's discussion of fund performance</u>**

In 2025, the U.S. Treasury bond market experienced heightened volatility and shifting investor sentiment as macroeconomic and policy developments unfolded. Treasury yields, which move inversely to bond prices, climbed at various points during the year amid concerns over inflation, fiscal policy, and geopolitical tensions. For instance, yields on longer-dated Treasuries, including 10- and 30-year maturities, briefly climbed above 5% at times, levels not widely seen since the early 2000s, reflecting rising borrowing costs and periodic sell-offs in sovereign debt. This dynamic partly stemmed from worries about U.S. fiscal health following a downgrade of the federal government's credit rating and debates over large deficits. Higher yields increased the cost of government borrowing and spilled over into broader markets, at times pressuring equities. Meanwhile, early in the year, recession worries and soft macro data also influenced bond markets, prompting forecasts that yields might remain range-bound in the 4–5% territory. Despite bouts of volatility and periodic sell-offs that challenged Treasuries' traditional "safe haven" status, demand remained solid in parts of the market, with foreign investors, especially in Europe, continuing to accumulate U.S. government debt later in the year. Overall, 2025 for Treasuries was marked by higher yields, periodic price declines, and shifting investor views on risk and safety.

Against this backdrop, the Fund, an actively managed short-government bond mutual fund focused on U.S. Treasury and agency securities, delivered positive returns in 2025. According to recent data, the Fund posted a 1-year total return of approximately 6.1%, including dividends, reflecting modest gains in a challenging fixed-income landscape. The relatively conservative portfolio of the Fund, with an emphasis on government-backed securities and shorter-to-intermediate maturities, helped limit downside risk amid rising yields. The dividend yield of the Fund near 1.9% also contributed to total returns, providing income to investors. In summary, the 2025 U.S. Treasury market was characterized by rising yields, periodic sell-offs, and active foreign buying, reflecting broader economic and policy uncertainties. The Fund navigated this environment with a conservative, income-focused strategy, producing steady positive returns and underscoring the value of short-to-intermediate government bonds during periods of yield volatility.

**<u>Performance graph</u>**

**TOTAL RETURNS FOR THE YEAR ENDED DECEMBER 31, 2025**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**ONE YEAR** | &nbsp;&nbsp;**FIVE YEARS** | &nbsp;&nbsp;**TEN YEARS** |
| &nbsp;&nbsp;Manor Bond Fund | &nbsp;&nbsp;6.08% | &nbsp;&nbsp;-0.08% | &nbsp;&nbsp;0.88% |
| &nbsp;&nbsp;Lipper US Government Index | &nbsp;&nbsp;7.11% | &nbsp;&nbsp;-0.24% | &nbsp;&nbsp;1.53% |
| &nbsp;&nbsp;Bloomberg Barclays Intermediate Treasury Index | &nbsp;&nbsp;6.51% | &nbsp;&nbsp;0.61% | &nbsp;&nbsp;1.75% |

---

**Hypothetical Cumulative Performance Comparison of $10,000 Investment For the Past Ten Years**

**Past performance is not a good predictor of future performance.** The returns shown do not reflect taxes that a shareholder would pay on Fund distributions or on the redemption of Fund shares. Updated performance data current to the most recent month-end can be obtained by calling 1-800-787-3334.

**<u>Fund statistics</u>**

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;PORTFOLIO | &nbsp;&nbsp;ADVISORY FEES |
| &nbsp;&nbsp;NET ASSETS: | &nbsp;&nbsp;HOLDINGS: | &nbsp;&nbsp;TURNOVER: | &nbsp;&nbsp;PAID BY FUND: |
| &nbsp;&nbsp;$2.6 MILLION | &nbsp;&nbsp;7 | &nbsp;&nbsp;3.96% | &nbsp;&nbsp;$13271 |

---

**<u>PORTFOLIO ILLUSTRATION</u>**

The following chart gives a visual breakdown of the Fund by the industry sectors the underlying securities represent as a percentage of the portfolio of investments. Below Sectors are categorized based on asset type.

![](image_006.gif)

**<u>top SEVEN holdings (% OF NET ASSETS)</u>**

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;1. | &nbsp;&nbsp;US Treasury Note, 4.25%, Due 11/15/2034 | &nbsp;&nbsp;29.22% |
| &nbsp;&nbsp;2. | &nbsp;&nbsp;US Treasury Note, 4.125%, due 11/15/2032 | &nbsp;&nbsp;25.33% |
| &nbsp;&nbsp;3. | &nbsp;&nbsp;Goldman Sachs Financial Square Treasury Instruments Fund | &nbsp;&nbsp;16.20% |
| &nbsp;&nbsp;4. | &nbsp;&nbsp;US Treasury Note, 0.50%, Due 02/28/2026 | &nbsp;&nbsp;15.31% |
| &nbsp;&nbsp;5. | &nbsp;&nbsp;US Treasury Note, 1.75%, Due 11/15/2029 | &nbsp;&nbsp;11.69% |
| &nbsp;&nbsp;6. | &nbsp;&nbsp;US Treasury Note, Series C, 0.625% Due 05/15/2030 | &nbsp;&nbsp;11.66% |
| &nbsp;&nbsp;7. | &nbsp;&nbsp;US Treasury Note, 1.50%, Due 08/15/2026 | &nbsp;&nbsp;5.70% |
|  | &nbsp;&nbsp;Total % of Net Assets | &nbsp;&nbsp;115.11% |

---

**<u>MATERIAL FUND CHANGES</u>** 

No material changes occurred during the period ended December 31, 2025.

**<u>Householding</u>**

To reduce Fund expenses, only one copy of most shareholder documents may be mailed to shareholders with multiple accounts at the same address (Householding). If you would prefer that your Manor Bond Fund documents not be householded, please contact Manor Bond Fund at 1-800-787-3334, or contact your financial intermediary. Your instructions will typically be effective within 30 days of receipt by Manor Bond Fund or your financial intermediary.

For additional information about the Fund; including its prospectus, financial information, holdings and proxy information, visit www.manorfunds.com or contact us at 1-800-787-3334.

ITEM 2. CODE OF ETHICS.

The Registrant, as of the end of the period covered by this report, has adopted a code of ethics that applies to the Registrant's principal executive officer, principal financial officer, principal account officer or controller, or persons performing similar functions. The registrant has not made any amendments to its code of ethics during the covered period. The registrant has not granted any waivers from any provisions of the code of ethics during the covered period.

ITEM 3. AUDIT COMMITTEE FINANCIAL EXPERT.

The Registrant's audit committee consists of two independent directors, Chaired by Fred Myers. The Board of Directors has determined that the Registrant has at least three financial experts serving on its Board.

Mr. Daniel Morris, Mr. John Giles, and Mr. Fred Myers are the Board's financial experts. Mr. Morris and Mr. Giles are "interested" directors, and Mr. Myers is an "independent" director.

ITEM 4. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

The registrant has engaged its principal accountant to perform audit services. "Audit services" refer to performing an audit of the registrant's annual financial statements or services that are normally provided by the accountant in connection with statutory and regulatory filings or engagements for those fiscal years. "Audit related services" refer to the assurance and related services by the principal accountant that are reasonably related to the performance of the audit. "Tax Services" refer to professional services rendered by the principal accountant limited to the preparation of income tax returns. The following table details the aggregate fees billed for each of the last two fiscal years for audit fees, audit-related fees, tax fees and other fees by the principal accountant.

---

| | | |
|:---|:---|:---|
|  | **<u>12/31/2025</u>** | **<u>12/31/2024</u>** |
| Audit Fees | $28000 | $21000 |
| Audit Related Fees | $0 | $0 |
| Tax Fees | $6600 | $5400 |
| All Other Fees | $0 | $0 |

---

&nbsp;&nbsp;&nbsp;&nbsp;e) The audit committee of the funds will review and discuss the scope of services provided by the principal
accountant over the preceding two years. The committee will determine if the fees, as presented, accurately represent the services rendered,
and if the scope of those services fulfill the needs of the funds. The committee incorporates this information into the approval of the
principal accountant by the entire Board of Trustees. The committee reviewed and approved all principal accountant fees and services provided
to the fund.

&nbsp;&nbsp;&nbsp;&nbsp;f) All audit related services provided by the principal accountant were performed by full-time principal
employees.

&nbsp;&nbsp;&nbsp;&nbsp;g) The audit committee has not approved any Non-Audit-Related fees over the past two fiscal years and the
principal accountant has not billed the fund for any Non-Audit-Related services. The audit committee approved the Tax-Fees billed to the
funds for the last two fiscal years. The services approved are limited to the preparation of income tax returns for the funds. The audit
committee has not approved any other fees pertinent to the All Other Fees category over the past two fiscal years and the principal accountant
has not billed the fund for any services applicable to this category. The principal accountant also provides tax preparation and filing
services for the investment advisor of the fund.

&nbsp;&nbsp;&nbsp;&nbsp;h) The audit committee reviewed non-audit services performed by the principal account for the investment
advisor of the fund and determined that these fees and services are compatible with maintaining the independence of the principal accountant.

&nbsp;&nbsp;&nbsp;&nbsp;i) The registrant does not have a registered public accounting firm that has
a branch or office that is located in a foreign jurisdiction and that the Public Company Accounting Oversight Board has determined it
is unable to inspect or investigate completely because of a position taken by an authority in the foreign jurisdiction.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;j) The registrant is not a foreign issuer, as defined in 17 CFR, 240, 3b-4, identified by the Commission pursuant to Section 104(i)(2)(A) of the Sarbanes-Oxley Act of 2002 (15 U.S.C. 7214(i)(2)(A).

ITEM 5. AUDIT COMMITTEE OF LISTED REGISTRANTS.

Not applicable to open-end investment companies.

ITEM 6. SCHEDULE OF INVESTMENTS

Schedule of Investments is included as part of the report to shareholders filed under Item 7 of this form.

ITEM 7. FINANCIAL STATEMENTS AND FINANCIAL HIGHLIGHTS FOR OPEN-END MANAGEMENT COMPANIES.

![](image_001.jpg)

Manor Fund **(MNRMX)**

Manor Growth Fund **(MNRGX)**

Manor Bond Fund **(MNRBX)**

**Annual Financial Statements** 

**December 31, 2025**

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS**<br>&nbsp;&nbsp;**M** **ANOR FUND** |  |
| &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** |  |
| &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** |  |
| &nbsp;&nbsp;**<u>Shares</u>** |  | &nbsp;&nbsp;**<u>Fair Value</u>** |
| &nbsp;&nbsp;**COMMON STOCKS - 95.98%** | &nbsp;&nbsp;**COMMON STOCKS - 95.98%** |  |
| &nbsp;&nbsp;**Beverages - 1.58%** | &nbsp;&nbsp;**Beverages - 1.58%** |  |
| &nbsp;&nbsp;1241 | &nbsp;&nbsp;PepsiCo, Inc. | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 178108 |
| &nbsp;&nbsp;**Computer Peripheral Equipment - 2.86%** | &nbsp;&nbsp;**Computer Peripheral Equipment - 2.86%** |  |
| &nbsp;&nbsp;1754 | &nbsp;&nbsp;Palo Alto Networks, Inc. \* | &nbsp;&nbsp;323087 |
| &nbsp;&nbsp;**Computer Storage Devices - 1.70%** | &nbsp;&nbsp;**Computer Storage Devices - 1.70%** |  |
| &nbsp;&nbsp;1793 | &nbsp;&nbsp;NetApp, Inc. | &nbsp;&nbsp;192012 |
| &nbsp;&nbsp;**Converted Paper & Paperboard Products (No Container/Boxes) - 1.79%** | &nbsp;&nbsp;**Converted Paper & Paperboard Products (No Container/Boxes) - 1.79%** |  |
| &nbsp;&nbsp;1113 | &nbsp;&nbsp;Avery Dennison Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 202432 |
| &nbsp;&nbsp;**Crude Petroleum & Natural Gas - 2.10%** | &nbsp;&nbsp;**Crude Petroleum & Natural Gas - 2.10%** |  |
| &nbsp;&nbsp;6488 | &nbsp;&nbsp;Devon Energy Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 237655 |
| &nbsp;&nbsp;**Electronic Components - 5.40%** | &nbsp;&nbsp;**Electronic Components - 5.40%** |  |
| &nbsp;&nbsp;3764 | &nbsp;&nbsp;Vertiv Holdings Co. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 609806 |
| &nbsp;&nbsp;**Engines & Turbines - 4.61%** | &nbsp;&nbsp;**Engines & Turbines - 4.61%** |  |
| &nbsp;&nbsp;1020 | &nbsp;&nbsp;Cummins, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 520659 |
| &nbsp;&nbsp;**Hospital & Medical Service Plans - 2.27%** | &nbsp;&nbsp;**Hospital & Medical Service Plans - 2.27%** |  |
| &nbsp;&nbsp;732 | &nbsp;&nbsp;Elevance Health, Inc. | &nbsp;&nbsp;256603 |
| &nbsp;&nbsp;**Investment Advice - 3.60%** | &nbsp;&nbsp;**Investment Advice - 3.60%** |  |
| &nbsp;&nbsp;2809 | &nbsp;&nbsp;Apollo Global Management, Inc. Class A | &nbsp;&nbsp;406631 |
| &nbsp;&nbsp;**National Commercial Banks - 6.88%** | &nbsp;&nbsp;**National Commercial Banks - 6.88%** |  |
| &nbsp;&nbsp;1544 | &nbsp;&nbsp;JP Morgan Chase & Co. | &nbsp;&nbsp;497508 |
| &nbsp;&nbsp;1341 | &nbsp;&nbsp;PNC Financial Services Group, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 279907 |
|  |  | &nbsp;&nbsp;777415 |
| &nbsp;&nbsp;**Operative Builders - 2.60%** | &nbsp;&nbsp;**Operative Builders - 2.60%** |  |
| &nbsp;&nbsp;2041 | &nbsp;&nbsp;D.R. Horton, Inc. | &nbsp;&nbsp;293965 |
| &nbsp;&nbsp;**Petroleum Refining - 3.42%** | &nbsp;&nbsp;**Petroleum Refining - 3.42%** |  |
| &nbsp;&nbsp;2375 | &nbsp;&nbsp;Valero Energy Corp. | &nbsp;&nbsp;386626 |
| &nbsp;&nbsp;**Pharmaceutical Preparations - 3.37%** | &nbsp;&nbsp;**Pharmaceutical Preparations - 3.37%** |  |
| &nbsp;&nbsp;1668 | &nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp;381121 |
| &nbsp;&nbsp;**Retail-Grocery Stores - 1.59%** | &nbsp;&nbsp;**Retail-Grocery Stores - 1.59%** |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;2873 | &nbsp;&nbsp;The Kroger Co. | &nbsp;&nbsp;179505 |
| &nbsp;&nbsp;**Retail-Lumber & Other Building Materials Dealers - 2.31%** | &nbsp;&nbsp;**Retail-Lumber & Other Building Materials Dealers - 2.31%** |  |
| &nbsp;&nbsp;1083 | &nbsp;&nbsp;Lowes Cos., Inc. | &nbsp;&nbsp;261176 |
| &nbsp;&nbsp;**Search, Detection, Navigation, Guidance, Aeronautical & Nautical Systems & Instruments - 2.51%** | &nbsp;&nbsp;**Search, Detection, Navigation, Guidance, Aeronautical & Nautical Systems & Instruments - 2.51%** |  |
| &nbsp;&nbsp;498 | &nbsp;&nbsp;Northrop Grumman Corp. | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 283965 |
| &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 3.05%** | &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 3.05%** |  |
| &nbsp;&nbsp;3445 | &nbsp;&nbsp;Charles Schwab Corp. | &nbsp;&nbsp;344190 |
| &nbsp;&nbsp;**Semiconductors & Related Devices - 11.12%** | &nbsp;&nbsp;**Semiconductors & Related Devices - 11.12%** |  |
| &nbsp;&nbsp;3284 | &nbsp;&nbsp;Applied Materials, Inc. | &nbsp;&nbsp;843955 |
| &nbsp;&nbsp;2209 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;411979 |
|  |  | &nbsp;&nbsp;1255934 |
| &nbsp;&nbsp;**Services-Computer Programming, Data Processing, Etc. - 11.23%** | &nbsp;&nbsp;**Services-Computer Programming, Data Processing, Etc. - 11.23%** |  |
| &nbsp;&nbsp;1492 | &nbsp;&nbsp;Alphabet, Inc. Class A | &nbsp;&nbsp;466996 |
| &nbsp;&nbsp;1190 | &nbsp;&nbsp;AppLovin Corp. Class A \* | &nbsp;&nbsp;801846 |
|  |  | &nbsp;&nbsp;1268842 |
| &nbsp;&nbsp;**Services-Prepackaged Software - 8.24%** | &nbsp;&nbsp;**Services-Prepackaged Software - 8.24%** |  |
| &nbsp;&nbsp;1218 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;589049 |
| &nbsp;&nbsp;1337 | &nbsp;&nbsp;Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;342312 |
|  |  | &nbsp;&nbsp;931361 |
| &nbsp;&nbsp;**Services-Video Tape Rental - 3.62%** | &nbsp;&nbsp;**Services-Video Tape Rental - 3.62%** |  |
| &nbsp;&nbsp;4357 | &nbsp;&nbsp;Netflix, Inc. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 408512 |
| &nbsp;&nbsp;**Transportation Services - 3.75%** | &nbsp;&nbsp;**Transportation Services - 3.75%** |  |
| &nbsp;&nbsp;79 | &nbsp;&nbsp;Booking Holdings, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 423071 |
| &nbsp;&nbsp;**Water Transportation - 2.79%** | &nbsp;&nbsp;**Water Transportation - 2.79%** |  |
| &nbsp;&nbsp;1129 | &nbsp;&nbsp;Royal Caribbean Cruises Ltd. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314901 |
| &nbsp;&nbsp;**Wholesale - Drugs, Proprietaries & Druggists' Sundries - 3.59%** | &nbsp;&nbsp;**Wholesale - Drugs, Proprietaries & Druggists' Sundries - 3.59%** |  |
| &nbsp;&nbsp;1201 | &nbsp;&nbsp;Cencora, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 405638 |
| &nbsp;&nbsp;TOTAL FOR COMMON STOCKS (Cost $4,248,081) - 95.98% | &nbsp;&nbsp;TOTAL FOR COMMON STOCKS (Cost $4,248,081) - 95.98% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10843215 |
| &nbsp;&nbsp;**REAL ESTATE INVESTMENT TRUST - 2.36%** | &nbsp;&nbsp;**REAL ESTATE INVESTMENT TRUST - 2.36%** |  |
| &nbsp;&nbsp;348 | &nbsp;&nbsp;Equinix, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266624 |
| &nbsp;&nbsp;TOTAL FOR REAL ESTATE INVESTMENT TRUST (Cost $129,529) - 2.36% | &nbsp;&nbsp;TOTAL FOR REAL ESTATE INVESTMENT TRUST (Cost $129,529) - 2.36% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 266624 |
| &nbsp;&nbsp;**MONEY MARKET FUND - 1.73%** | &nbsp;&nbsp;**MONEY MARKET FUND - 1.73%** |  |
| &nbsp;&nbsp;195220 | &nbsp;&nbsp;Federated Hermes Government Obligations Fund - Institutional Class 3.63% \*\* (Cost $195,220) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 195220 |
| &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $4,572,830) - 100.07% | &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $4,572,830) - 100.07% | &nbsp;&nbsp;11305059 |
| &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (0.07)%** | &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (0.07)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (7550) |
| &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 11297509 |
| &nbsp;&nbsp;\* Non-income producing securities during the period. | &nbsp;&nbsp;\* Non-income producing securities during the period. |  |
| &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. | &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS**<br>&nbsp;&nbsp;**G** **ROWTH FUND** |  |
| &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** |  |
| &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** |  |
| &nbsp;&nbsp;**<u>Shares</u>** |  | &nbsp;&nbsp;**<u>Fair Value</u>** |
| &nbsp;&nbsp;**COMMON STOCKS - 97.37%** | &nbsp;&nbsp;**COMMON STOCKS - 97.37%** |  |
| &nbsp;&nbsp;**Computer Peripheral Equipment - 2.96%** | &nbsp;&nbsp;**Computer Peripheral Equipment - 2.96%** |  |
| &nbsp;&nbsp;3025 | &nbsp;&nbsp;Palo Alto Networks, Inc. \* | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 557205 |
| &nbsp;&nbsp;**Electronic Components - 5.64%** | &nbsp;&nbsp;**Electronic Components - 5.64%** |  |
| &nbsp;&nbsp;6570 | &nbsp;&nbsp;Vertiv Holdings Co. Class A | &nbsp;&nbsp;1064406 |
| &nbsp;&nbsp;**Electronic Computers - 11.62%** | &nbsp;&nbsp;**Electronic Computers - 11.62%** |  |
| &nbsp;&nbsp;8063 | &nbsp;&nbsp;Apple, Inc. | &nbsp;&nbsp;2192007 |
| &nbsp;&nbsp;**Hospital & Medical Service Plans - 1.78%** | &nbsp;&nbsp;**Hospital & Medical Service Plans - 1.78%** |  |
| &nbsp;&nbsp;1017 | &nbsp;&nbsp;Unitedhealth Group, Inc. | &nbsp;&nbsp;335722 |
| &nbsp;&nbsp;**Investment Advice - 3.78%** | &nbsp;&nbsp;**Investment Advice - 3.78%** |  |
| &nbsp;&nbsp;4922 | &nbsp;&nbsp;Apollo Global Management, Inc. Class A | &nbsp;&nbsp;712509 |
| &nbsp;&nbsp;**Measuring & Controlling Devices - 2.48%** | &nbsp;&nbsp;**Measuring & Controlling Devices - 2.48%** |  |
| &nbsp;&nbsp;808 | &nbsp;&nbsp;Thermo Fisher Scientific, Inc. | &nbsp;&nbsp;468196 |
| &nbsp;&nbsp;**Pharmaceutical Preparations - 9.04%** | &nbsp;&nbsp;**Pharmaceutical Preparations - 9.04%** |  |
| &nbsp;&nbsp;2142 | &nbsp;&nbsp;AbbVie, Inc. | &nbsp;&nbsp;489426 |
| &nbsp;&nbsp;1130 | &nbsp;&nbsp;Eli Lilly & Co. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1214388 |
|  |  | &nbsp;&nbsp;1703814 |
| &nbsp;&nbsp;**Radio & TV Broadcasting & Communuications Equipment - 2.53%** | &nbsp;&nbsp;**Radio & TV Broadcasting & Communuications Equipment - 2.53%** |  |
| &nbsp;&nbsp;2792 | &nbsp;&nbsp;Qualcomm, Inc. | &nbsp;&nbsp;477572 |
| &nbsp;&nbsp;**Retail-Building Materials, Hardware, Garden Supply - 1.88%** | &nbsp;&nbsp;**Retail-Building Materials, Hardware, Garden Supply - 1.88%** |  |
| &nbsp;&nbsp;1097 | &nbsp;&nbsp;The Sherwin-Williams Co. | &nbsp;&nbsp;355461 |
| &nbsp;&nbsp;**Retail-Catalog & Mail-Order Houses - 5.47%** | &nbsp;&nbsp;**Retail-Catalog & Mail-Order Houses - 5.47%** |  |
| &nbsp;&nbsp;4471 | &nbsp;&nbsp;Amazon.com, Inc. \* | &nbsp;&nbsp;1031996 |
| &nbsp;&nbsp;**Retail-Variety Stores - 1.34%** | &nbsp;&nbsp;**Retail-Variety Stores - 1.34%** |  |
| &nbsp;&nbsp;2048 | &nbsp;&nbsp;Dollar Tree, Inc. \* | &nbsp;&nbsp;251924 |
| &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 3.04%** | &nbsp;&nbsp;**Security Brokers, Dealers & Flotation Companies - 3.04%** |  |
| &nbsp;&nbsp;5742 | &nbsp;&nbsp;Charles Schwab Corp. | &nbsp;&nbsp;573683 |
| &nbsp;&nbsp;**Semiconductors & Related Devices - 3.66%** | &nbsp;&nbsp;**Semiconductors & Related Devices - 3.66%** |  |
| &nbsp;&nbsp;3701 | &nbsp;&nbsp;NVIDIA Corp. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 690236 |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Services-Business Services - 2.49%** | &nbsp;&nbsp;**Services-Business Services - 2.49%** |  |
| &nbsp;&nbsp;821 | &nbsp;&nbsp;MasterCard, Inc. Class A | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 468692 |
| &nbsp;&nbsp;**Services-Computer Programming, Data Processing, Etc. - 16.79%** | &nbsp;&nbsp;**Services-Computer Programming, Data Processing, Etc. - 16.79%** |  |
| &nbsp;&nbsp;2931 | &nbsp;&nbsp;Alphabet, Inc. Class A | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 917403 |
| &nbsp;&nbsp;2927 | &nbsp;&nbsp;Alphabet, Inc. Class C | &nbsp;&nbsp;918493 |
| &nbsp;&nbsp;1973 | &nbsp;&nbsp;AppLovin Corp. Class A \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1329447 |
|  |  | &nbsp;&nbsp;3165343 |
| &nbsp;&nbsp;**Services-Equipment Rental & Leasing - 5.61%** | &nbsp;&nbsp;**Services-Equipment Rental & Leasing - 5.61%** |  |
| &nbsp;&nbsp;1307 | &nbsp;&nbsp;United Rentals, Inc. | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1057781 |
| &nbsp;&nbsp;**Services-Prepackaged Software - 10.67%** | &nbsp;&nbsp;**Services-Prepackaged Software - 10.67%** |  |
| &nbsp;&nbsp;2032 | &nbsp;&nbsp;Microsoft Corp. | &nbsp;&nbsp;982716 |
| &nbsp;&nbsp;1755 | &nbsp;&nbsp;Salesforce.com, Inc. | &nbsp;&nbsp;464917 |
| &nbsp;&nbsp;2203 | &nbsp;&nbsp;Take-Two Interactive Software, Inc. \* | &nbsp;&nbsp;564034 |
|  |  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2011667 |
| &nbsp;&nbsp;**Services-Video Tape Rental - 3.76%** | &nbsp;&nbsp;**Services-Video Tape Rental - 3.76%** |  |
| &nbsp;&nbsp;7570 | &nbsp;&nbsp;Netflix, Inc. \* | &nbsp;&nbsp;709763 |
| &nbsp;&nbsp;**Water Transportation - 2.83%** | &nbsp;&nbsp;**Water Transportation - 2.83%** |  |
| &nbsp;&nbsp;1914 | &nbsp;&nbsp;Royal Caribbean Cruises Ltd. \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 533853 |
| &nbsp;&nbsp;TOTAL FOR COMMON STOCKS (Cost $5,542,866) - 97.37% | &nbsp;&nbsp;TOTAL FOR COMMON STOCKS (Cost $5,542,866) - 97.37% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18361830 |
| &nbsp;&nbsp;**MONEY MARKET FUND - 2.75%** | &nbsp;&nbsp;**MONEY MARKET FUND - 2.75%** |  |
| &nbsp;&nbsp;518266 | &nbsp;&nbsp;Federated Hermes Government Obligations Fund - Institutional Class 3.63%\*\* (Cost $518,266) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 518266 |
| &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $6,061,132) - 100.12% | &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $6,061,132) - 100.12% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;18880096 |
| &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (0.12)%** | &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (0.12)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(22274) |
| &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;$18857822 |
| &nbsp;&nbsp;\* Non-income producing securities during the period. | &nbsp;&nbsp;\* Non-income producing securities during the period. |  |
| &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. | &nbsp;&nbsp;\*\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |

---

---

| | | |
|:---|:---|:---|
|  | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS**<br>&nbsp;&nbsp;**B** **OND FUND** |  |
| &nbsp;&nbsp;**Schedule of Investments** | &nbsp;&nbsp;**Schedule of Investments** |  |
| &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** |  |
| &nbsp;&nbsp;**<u>Face Amount</u>** | &nbsp;&nbsp;**<u>Face Amount</u>** | &nbsp;&nbsp;**<u>Fair Value</u>** |
| &nbsp;&nbsp;**US TREASURY NOTES - 98.91%** | &nbsp;&nbsp;**US TREASURY NOTES - 98.91%** |  |
| &nbsp;&nbsp;400000 | &nbsp;&nbsp;US Treasury Note 0.50% Due 02/28/2026 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 397916 |
| &nbsp;&nbsp;150000 | &nbsp;&nbsp;US Treasury Note 1.50% Due 08/15/2026 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;148105 |
| &nbsp;&nbsp;325000 | &nbsp;&nbsp;US Treasury Note 1.75% Due 11/15/2029 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303710 |
| &nbsp;&nbsp;345000 | &nbsp;&nbsp;US Treasury Note, Series C, 0.625% Due 05/15/2030 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;303007 |
| &nbsp;&nbsp;650000 | &nbsp;&nbsp;US Treasury Note 4.125% Due 11/15/2032 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;658430 |
| &nbsp;&nbsp;750000 | &nbsp;&nbsp;US Treasury Note 4.25% Due 11/15/2034 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;759404 |
| &nbsp;&nbsp;TOTAL FOR US TREASURY NOTES (Cost $2,578,324) - 98.91% | &nbsp;&nbsp;TOTAL FOR US TREASURY NOTES (Cost $2,578,324) - 98.91% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2570572 |
| &nbsp;&nbsp;**MONEY MARKET FUND - 16.20%** | &nbsp;&nbsp;**MONEY MARKET FUND - 16.20%** |  |
| &nbsp;&nbsp;**<u>Shares</u>** |  |  |
| &nbsp;&nbsp;421089 | &nbsp;&nbsp;Goldman Sachs Financial Square Treasury Instruments Fund - Institutional Class 3.63%\* (Cost $421,089) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;421089 |
| &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $2,999,413) - 115.11% | &nbsp;&nbsp;TOTAL INVESTMENTS (Cost $2,999,413) - 115.11% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2991661 |
| &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (15.11)%** | &nbsp;&nbsp;**LIABILITIES IN EXCESS OF OTHER ASSETS, NET - (15.11)%** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (392821) |
| &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;**NET ASSETS - 100.00%** | &nbsp;&nbsp;$2598840 |
| &nbsp;&nbsp;\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. | &nbsp;&nbsp;\* Variable rate security; the coupon rate shown represents the yield at December 31, 2025. |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**Statements of Assets and Liabilities** | &nbsp;&nbsp;**Statements of Assets and Liabilities** | &nbsp;&nbsp;**Statements of Assets and Liabilities** | &nbsp;&nbsp;**Statements of Assets and Liabilities** |
| &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** | &nbsp;&nbsp;**December 31, 2025** |
| &nbsp;&nbsp;Assets: | &nbsp;&nbsp;**<u>Manor Fund</u>** | &nbsp;&nbsp;**<u>Growth Fund</u>** | &nbsp;&nbsp;**<u>Bond Fund</u>** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Investments in Securities, at Value |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (Cost $4,572,830, $6,061,132, and $2,999,413, respectively) | &nbsp;&nbsp;$11305059 | &nbsp;&nbsp;$18880096 | &nbsp;&nbsp;$2991661 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Cash | &nbsp;&nbsp;700 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Securities Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;98608 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Receivables: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shareholder Subscriptions | &nbsp;&nbsp;400 | &nbsp;&nbsp;400 | &nbsp;&nbsp;200 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Dividends and Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3405 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4080 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11032 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Assets | &nbsp;&nbsp; 11309564 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 18884576 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3101501 |
| &nbsp;&nbsp;Liabilities: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Payables: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Shareholder Redemptions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;10750 | &nbsp;&nbsp;500250 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Due to Advisor | &nbsp;&nbsp;12055 | &nbsp;&nbsp;16004 | &nbsp;&nbsp;2411 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total Liabilities | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12055 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 26754 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 502661 |
| &nbsp;&nbsp;Net Assets | &nbsp;&nbsp;$11297509 | &nbsp;&nbsp;$18857822 | &nbsp;&nbsp;$2598840 |
| &nbsp;&nbsp;Net Assets Consist of: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Capital Stock | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;272 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 422 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;251 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Paid In Capital | &nbsp;&nbsp;4565008 | &nbsp;&nbsp;6038810 | &nbsp;&nbsp;2623688 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributable Earnings (Deficit) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6732229 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 12818590 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (25099) |
| &nbsp;&nbsp;Net Assets (10,000,000 shares authorized, $0.001 par value) for 272,202 |  |  |  |
| &nbsp;&nbsp; 422,426, and 250,649 shares outstanding, respectively. | &nbsp;&nbsp;$11297509 | &nbsp;&nbsp;$18857822 | &nbsp;&nbsp;$2598840 |
| &nbsp;&nbsp;Net Asset Value and Offering Price Per Share | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41.50 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 44.64 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10.37 |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |

---

---

| | | | |
|:---|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**Statements of Operations** | &nbsp;&nbsp;**Statements of Operations** | &nbsp;&nbsp;**Statements of Operations** | &nbsp;&nbsp;**Statements of Operations** |
| &nbsp;&nbsp;**For the year ended December 31, 2025** | &nbsp;&nbsp;**For the year ended December 31, 2025** | &nbsp;&nbsp;**For the year ended December 31, 2025** | &nbsp;&nbsp;**For the year ended December 31, 2025** |
|  | &nbsp;&nbsp;**<u>Manor Fund</u>** | &nbsp;&nbsp;**<u>Growth Fund</u>** | &nbsp;&nbsp;**<u>Bond Fund</u>** |
| &nbsp;&nbsp;Investment Income: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Dividends | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 133061 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 114415 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Interest | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6654 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11253 | &nbsp;&nbsp; 82680 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 139715 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 125668 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 82680 |
| &nbsp;&nbsp;Expenses: |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Advisory | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 76808 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 130812 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13271 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Administrative | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 51206 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 41860 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11944 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Total Expenses | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 128014 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 172672 | &nbsp;&nbsp; 25215 |
| &nbsp;&nbsp;Net Investment Income (Loss) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11701 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(47004) | &nbsp;&nbsp; 57465 |
| &nbsp;&nbsp;Realized and Unrealized Gain (Loss) on Investments: |  |  |  |
| &nbsp;&nbsp; Net Realized Gain (Loss) on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 854162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1536628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1355) |
| &nbsp;&nbsp; Net Change in Unrealized Appreciation on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1096070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1083379 | &nbsp;&nbsp; 98062 |
| &nbsp;&nbsp;Net Realized and Unrealized Gain on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1950232 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2620007 | &nbsp;&nbsp; 96707 |
| &nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | &nbsp;&nbsp;$1961933 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 2573003 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;154172 |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** |
| &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** |
|  | &nbsp;&nbsp;Year Ended | &nbsp;&nbsp;Year Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 |
| &nbsp;&nbsp;Increase in Net Assets From Operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Investment Income | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11701 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;36478 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Realized Gain on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;854162 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;598846 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Change in Unrealized Appreciation on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1096070 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1026295 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1961933 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1661619 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributions to Shareholders | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (866209) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (635575) |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;113542 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;163037 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;866209 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;635575 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (522185) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (368303) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase from Capital Shares Transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 457566 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;430309 |
| &nbsp;&nbsp;Total Increase | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1553290 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1456353 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning of Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9744219 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8287866 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;End of Year | &nbsp;&nbsp;$11297509 | &nbsp;&nbsp;$9744219 |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2836 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 4434 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Issued on Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20619 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 16876 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (13154) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (9601) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Outstanding Shares of the Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 10301 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11709 |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** |
| &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** |
|  | &nbsp;&nbsp;Year Ended | &nbsp;&nbsp;Year Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 |
| &nbsp;&nbsp;Increase (Decrease) in Net Assets From Operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Investment Loss | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; (47004) | &nbsp;&nbsp; $&nbsp;&nbsp;&nbsp;&nbsp; (25434) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Realized Gain on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1536628 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 901740 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Change in Unrealized Appreciation on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1083379 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2654123 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 2573003 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3530429 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributions to Shareholders | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1489902) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(888403) |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 189065 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 314220 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1471050 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 877387 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1438470) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(872200) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase from Capital Shares Transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;221645 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 319407 |
| &nbsp;&nbsp;Total Increase | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1304746 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2961433 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning of Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;17553076 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 14591643 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;End of Year | &nbsp;&nbsp;$18857822 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;17553076 |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4228 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7891 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Issued on Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 32617 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;20557 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(32935) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (21432) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Outstanding Shares of the Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3910 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 7016 |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |

---

---

| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** |
| &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** | &nbsp;&nbsp;**Statements of Changes in Net Assets** |
|  | &nbsp;&nbsp;Year Ended | &nbsp;&nbsp;Year Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 |
| &nbsp;&nbsp;Increase (Decrease) in Net Assets From Operations: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Investment Income | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 57465 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 38420 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Realized Gain (Loss) on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1355) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Change in Unrealized Appreciation (Depreciation) on Investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 98062 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (27187) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Net Assets Resulting from Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 154172 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 11233 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Distributions to Shareholders | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (57479) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (38462) |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Proceeds from Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 646227 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 743765 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Issued on Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 57479 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 38462 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Cost of Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(696784) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (71155) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase from Capital Share Transactions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6922 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 711072 |
| &nbsp;&nbsp;Total Increase | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 103615 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 683843 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Assets |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Beginning of Year | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2495225 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1811382 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;End of Year | &nbsp;&nbsp;$2598840 | &nbsp;&nbsp;$2495225 |
| &nbsp;&nbsp;Capital Share Transactions: |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Sold | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 61822 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 72881 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Issued on Reinvestment of Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5537 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Shares Redeemed | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (67236) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(7089) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Net Increase in Outstanding Shares of the Fund | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 123 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 69665 |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** | &nbsp;&nbsp;**M** **ANOR FUND** |
| &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** |
| &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** |
|  | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 | &nbsp;&nbsp;12/31/2023 | &nbsp;&nbsp;12/31/2022 | &nbsp;&nbsp;12/31/2021 |
| &nbsp;&nbsp;Net Asset Value, at Beginning of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.21 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 33.13 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 29.41 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 34.48 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 27.54 |
| &nbsp;&nbsp;Income From Investment Operations: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.05 | &nbsp;&nbsp; 0.15 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.31 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.13 |
| &nbsp;&nbsp; Net Gain (Loss) on Securities (Realized and Unrealized) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.69 | &nbsp;&nbsp; 6.53 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 3.78 | &nbsp;&nbsp; (4.01) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.00 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.74 | &nbsp;&nbsp; 6.68 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.05 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3.70) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.13 |
| &nbsp;&nbsp;Distributions: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (0.05) | &nbsp;&nbsp; (0.15) | &nbsp;&nbsp; (0.28) | &nbsp;&nbsp; (0.32) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.14) |
| &nbsp;&nbsp; Realized Gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3.40) | &nbsp;&nbsp; (2.45) | &nbsp;&nbsp; (0.05) | &nbsp;&nbsp; (1.05) | &nbsp;&nbsp; (1.05) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Distributions | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3.45) | &nbsp;&nbsp; (2.60) | &nbsp;&nbsp; (0.33) | &nbsp;&nbsp; (1.37) | &nbsp;&nbsp; (1.19) |
| &nbsp;&nbsp;Net Asset Value, at End of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.50 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 37.21 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 33.13 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 29.41 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 34.48 |
| &nbsp;&nbsp;Total Return \*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.67% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 20.06% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 13.77% | &nbsp;&nbsp; (10.69)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 29.50% |
| &nbsp;&nbsp;Ratios/Supplemental Data: |  |  |  |  |  |
| &nbsp;&nbsp; Net Assets at End of Year (Thousands) | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 11298 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9744 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8288 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 7564 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 8873 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Expenses to Average Net Assets | &nbsp;&nbsp;1.25% | &nbsp;&nbsp;1.25% | &nbsp;&nbsp;1.25% | &nbsp;&nbsp;1.25% | &nbsp;&nbsp;1.25% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Net Investment Income to Average Net Assets | &nbsp;&nbsp;0.11% | &nbsp;&nbsp;0.40% | &nbsp;&nbsp;0.89% | &nbsp;&nbsp;0.99% | &nbsp;&nbsp;0.41% |
| &nbsp;&nbsp; Portfolio Turnover | &nbsp;&nbsp;9.54% | &nbsp;&nbsp;12.04% | &nbsp;&nbsp;9.46% | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;3.20% |
| &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. |  |
| &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; assuming reinvestment of dividends. |  |  |  |  |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** | &nbsp;&nbsp;**G** **ROWTH FUND** |
| &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** |
| &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** |
|  | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 | &nbsp;&nbsp;12/31/2023 | &nbsp;&nbsp;12/31/2022 | &nbsp;&nbsp;12/31/2021 |
| &nbsp;&nbsp;Net Asset Value, at Beginning of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.94 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.46 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.74 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.94 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;31.08 |
| &nbsp;&nbsp;Income From Investment Operations: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income (Loss) \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.12) | &nbsp;&nbsp; (0.06) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.08 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.04 | &nbsp;&nbsp; (0.08) |
| &nbsp;&nbsp; Net Gain (Loss) on Securities (Realized and Unrealized) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.64 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.77 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 6.70 | &nbsp;&nbsp; (6.65) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.77 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.52 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.71 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.78 | &nbsp;&nbsp; (6.61) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 8.69 |
| &nbsp;&nbsp;Distributions: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp; (0.08) | &nbsp;&nbsp; (0.04) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - |
| &nbsp;&nbsp; Realized Gains | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3.82) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2.23) | &nbsp;&nbsp; (0.98) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.55) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1.83) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Distributions | &nbsp;&nbsp; (3.82) | &nbsp;&nbsp; (2.23) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1.06) | &nbsp;&nbsp; (1.59) | &nbsp;&nbsp; (1.83) |
| &nbsp;&nbsp;Net Asset Value, at End of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;44.64 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;41.94 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;35.46 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;29.74 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;37.94 |
| &nbsp;&nbsp;Total Return \*\* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 15.45% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;24.46% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;22.77% | &nbsp;&nbsp; (17.37)% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;27.90% |
| &nbsp;&nbsp;Ratios/Supplemental Data: |  |  |  |  |  |
| &nbsp;&nbsp; Net Assets at End of Year (Thousands) | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 18858 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 17553 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 14592 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 12391 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 15388 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Expenses to Average Net Assets | &nbsp;&nbsp;0.99% | &nbsp;&nbsp;0.99% | &nbsp;&nbsp;0.99% | &nbsp;&nbsp;0.99% | &nbsp;&nbsp;0.99% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Net Investment Income (Loss) to Average Net Assets | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.27)% | &nbsp;&nbsp; (0.16)% | &nbsp;&nbsp;0.24% | &nbsp;&nbsp;0.11% | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.22)% |
| &nbsp;&nbsp; Portfolio Turnover | &nbsp;&nbsp;9.44% | &nbsp;&nbsp;12.05% | &nbsp;&nbsp;12.87% | &nbsp;&nbsp;6.05% | &nbsp;&nbsp;6.41% |
| &nbsp;&nbsp;\* Per share net investment income (loss) has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income (loss) has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income (loss) has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income (loss) has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income (loss) has been determined on the basis of average shares outstanding during the year. |  |
| &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; assuming reinvestment of dividends. |  |  |  |  |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |  |  |

---

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** | &nbsp;&nbsp;**MANOR** **INVESTMENT FUNDS** |
| &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** | &nbsp;&nbsp;**B** **OND FUND** |
| &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** | &nbsp;&nbsp;**Financial Highlights** |
| &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** | &nbsp;&nbsp;**Selected data for a share outstanding throughout each year.** |
|  | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended | &nbsp;&nbsp;Years Ended |
|  | &nbsp;&nbsp;12/31/2025 | &nbsp;&nbsp;12/31/2024 | &nbsp;&nbsp;12/31/2023 | &nbsp;&nbsp;12/31/2022 | &nbsp;&nbsp;12/31/2021 |
| &nbsp;&nbsp;Net Asset Value, at Beginning of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.96 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 10.02 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.74 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 10.66 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 11.05 |
| &nbsp;&nbsp;Income From Investment Operations: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income \* | &nbsp;&nbsp; 0.22 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.20 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.14 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.06 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 0.07 |
| &nbsp;&nbsp; Net Gain (Loss) on Securities (Realized and Unrealized) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.39 | &nbsp;&nbsp; (0.10) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.27 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.91) | &nbsp;&nbsp; (0.39) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Investment Operations | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.61 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.10 | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;0.41 | &nbsp;&nbsp; (0.85) | &nbsp;&nbsp; (0.32) |
| &nbsp;&nbsp;Distributions: |  |  |  |  |  |
| &nbsp;&nbsp; Net Investment Income | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.20) | &nbsp;&nbsp; (0.16) | &nbsp;&nbsp; (0.13) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(0.07) | &nbsp;&nbsp; (0.07) |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Total from Distributions | &nbsp;&nbsp; (0.20) | &nbsp;&nbsp; (0.16) | &nbsp;&nbsp; (0.13) | &nbsp;&nbsp; (0.07) | &nbsp;&nbsp; (0.07) |
| &nbsp;&nbsp;Net Asset Value, at End of Year | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 10.37 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.96 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 10.02 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 9.74 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 10.66 |
| &nbsp;&nbsp;Total Return \*\* | &nbsp;&nbsp; 6.08% | &nbsp;&nbsp; 0.96% | &nbsp;&nbsp; 4.16% | &nbsp;&nbsp; (8.01)% | &nbsp;&nbsp; (2.94)% |
| &nbsp;&nbsp;Ratios/Supplemental Data: |  |  |  |  |  |
| &nbsp;&nbsp; Net Assets at End of Year (Thousands) | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 2599 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 2495 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 1811 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 1677 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 1788 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Expenses to Average Net Assets | &nbsp;&nbsp;0.95% | &nbsp;&nbsp;0.95% | &nbsp;&nbsp;0.95% | &nbsp;&nbsp;0.95% | &nbsp;&nbsp;0.95% |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Ratio of Net Investment Income to Average Net Assets | &nbsp;&nbsp;2.16% | &nbsp;&nbsp;1.94% | &nbsp;&nbsp;1.46% | &nbsp;&nbsp;0.64% | &nbsp;&nbsp;0.61% |
| &nbsp;&nbsp; Portfolio Turnover | &nbsp;&nbsp;3.96% | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;37.00% | &nbsp;&nbsp;0.00% | &nbsp;&nbsp;0.00% |
| &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. | &nbsp;&nbsp;\* Per share net investment income has been determined on the basis of average shares outstanding during the year. |  |
| &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund | &nbsp;&nbsp;\*\* Total return in the above table represents the rate that the investor would have earned or lost on an investment in the Fund |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; assuming reinvestment of dividends. |  |  |  |  |  |
| &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. | &nbsp;&nbsp;The accompanying notes are an integral part of these financial statements. |  |  |  |  |

---

MAnor Investment Funds

NOTES TO FINANCIAL STATEMENTS

DECEMBER 31, 2025

**1. ORGANIZATION AND SIGNIFICANT ACCOUNTING POLICIES**

 

*Organization*: Manor Investment Funds (the "Trust") is a Delaware Business Trust, (effective January 1, 2012) comprising of Manor Fund, Manor Growth Fund ("Growth Fund") and Manor Bond Fund ("Bond Fund") (collectively the "Funds"), and is registered under the Investment Company Act of 1940, as amended (the "1940 Act"), as an open-end diversified management investment company. The Trust was originally incorporated in the Commonwealth of Pennsylvania on September 13, 1995 and was dissolved by domestication in Pennsylvania on January 3, 2012. The primary investment objective of each of the Funds as follows: Manor Fund – long-term capital appreciation and moderate level of income, investing primarily in common stocks of large U.S. corporations; Growth Fund – long-term capital appreciation, investing primarily in common stocks of large U.S corporations, Bond Fund – current income, investing primarily in U.S. Government obligations.

*The following is a summary of the significant accounting policies followed by the Funds in the preparation of their financial statements. The Funds are investment companies and follow the accounting and reporting guidance of Accounting Standards Codification Topic 946, including Accounting Standard Update 2013-08, applicable to investment companies.*

*Security Valuation*: All investments in securities are recorded at their estimated fair value, as described in Note 2.

*Federal Income Taxes*: The Funds make no provision for federal income or excise tax. The Funds intend to qualify each year as "regulated investment companies" ("RIC") under subchapter M of the Internal Revenue Code of 1986, as amended, by complying with the requirements applicable to RICs and by distributing substantially all of their taxable income. The Funds also intend to distribute sufficient net investment income and net capital gains, if any, so that they will not be subject to excise tax on undistributed income and gains. If the required amount of net investment income or gains is not distributed, the Funds could incur a tax expense. Therefore, no federal income tax or excise provision is required.

The Funds recognize the tax benefits of uncertain tax positions only when the position is more likely than not to be sustained, assuming examination by tax authorities. Management has analyzed the Funds' tax positions and concluded that no liability for unrecognized tax benefits should be recorded related to uncertain tax positions taken on returns filed for open tax years (2022-2024) or expected to be taken in the Funds' 2025 tax returns. The Funds identify their major tax jurisdiction as U.S. Federal; however, the Funds are not aware of any tax positions for which it is reasonably possible that the total amounts of unrecognized tax benefits will change materially in the next 12 months.

The Funds recognize interest and penalties, if any, related to unrecognized tax benefits as income tax expense in the Statements of Operations. During the year ended December 31, 2025, the Funds did not incur any interest or penalties.

*Distributions to Shareholders*: The Funds intend to distribute to their shareholders substantially all of their net realized capital gains and net investment income, if any, annually. Distributions will be recorded on ex-dividend date.

*Security Transactions and Investment Income*: The Funds follow industry practice and record security transactions on the trade date. The specific identification method is used for determining gains or losses for financial statements and income tax purposes. Dividend income is recorded on the ex-dividend date and interest income is recorded on an accrual basis. Discounts and premiums are amortized over the useful lives of the respective securities when determined to be material. Withholding taxes on foreign dividends will be provided for in accordance with the Funds' understanding of the applicable country's tax rules and rates.

*Use of Estimates*: The preparation of financial statements in conformity with U.S. generally accepted accounting principles ("GAAP") requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of increases and decreases in net assets from operations during the reporting period. Actual results could differ from those estimates.

**2. SECURITIES VALUATIONS**

 ****

***Processes and Structure***

The Trust's Board of Trustees (the "Board") has adopted guidelines for valuing securities including in circumstances in which market quotes are not readily available and has delegated to the adviser the responsibility for determining fair value prices, subject to review by the Board.

 ****

***Hierarchy of Fair Value Inputs***

The Funds utilize various methods to measure the fair value of most of their investments on a recurring basis. GAAP establishes a hierarchy that prioritizes inputs to valuation techniques used to measure fair value. The three levels of inputs are as follows:

· *Level 1.* Unadjusted quoted
prices in active markets for identical assets or liabilities that the Funds have the ability to access.

· *Level 2.* Observable inputs
other than quoted prices included in Level 1 that are observable for the asset or liability either directly or indirectly. These inputs
may include quoted prices for the identical instrument on an inactive market, prices for similar instruments in active markets, interest
rates, implied volatilities, credit spreads, yield curves, and market-collaborated inputs.

· *Level 3.* Unobservable
inputs for the asset or liability to the extent that relevant observable inputs are not available, representing the Funds' own assumptions
about the assumptions that a market participant would use in valuing the asset or liability at measurement date, and that would be based
on the best information available.

The availability of observable inputs can vary from security to security and is affected by a wide variety of factors, including, for example, the type of security, whether the security is new and not yet established in the marketplace, the liquidity of markets, and other characteristics particular to the security. To the extent that valuation is based on models or inputs that are less observable or unobservable in the market, the determination of fair value requires more judgment. Accordingly, the degree of judgment exercised in determining fair value is greatest for instruments categorized in Level 3.

The inputs used to measure fair value may fall into different levels of the fair value hierarchy. In such cases, for disclosure purposes, the level in the fair value hierarchy within which the fair value measurement falls in its entirety is determined based on the lowest level input that is significant to the fair value measurement in its entirety.

***Fair Value Measurements***

A description of the valuation techniques applied to the Funds' major categories of assets and liabilities measured at fair value on a recurring basis follows.

*Equity securities (common stocks and real estate investment trusts).* Securities traded on a national securities exchange (or reported on the NASDAQ national market) are stated at the last reported sales price on the day of valuation. To the extent these securities are actively traded, and valuation adjustments are not applied, they are categorized in Level 1 of the fair value hierarchy. Certain foreign securities may be fair valued using a pricing service that considers the correlation of the trading patterns of the foreign security to the intraday trading in the U.S. markets for investments such as American Depositary Receipts, financial futures, Exchange Traded Funds, and the movement of the certain indexes of securities based on a statistical analysis of the historical relationship and that are categorized in Level 2. Preferred stock and other equities traded on inactive markets or valued by reference to similar instruments are also categorized in Level 2.

*U.S. government securities.* U.S. government securities are normally valued using a model that incorporates market observable data, such as reported sales of similar securities, broker quotes, yields, bids, offers, and reference data. Certain securities are valued principally using dealer quotations. U.S. government securities are categorized in Level 1 or Level 2 of the fair value hierarchy, depending on the inputs used and market activity levels for specific securities.

*Short-term investments*. Investments in other open-end investment companies, including money market funds, are valued at the investment company's net asset value per share. These securities will be categorized Level 1 of the fair value hierarchy.

The following table summarizes the inputs used to value each Fund's assets measured at fair value as of December 31, 2025:

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Manor Fund</u>** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** |
| &nbsp;&nbsp;***Categories*** | &nbsp;&nbsp;***<u>Level 1</u>*** | &nbsp;&nbsp;***<u>Level 2</u>*** | &nbsp;&nbsp;***<u>Level 3</u>*** | &nbsp;&nbsp;***<u>Fair Value</u>*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks \* | &nbsp;&nbsp;$10843215 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$10843215 |
| &nbsp;&nbsp;&nbsp;&nbsp;Real Estate Investment Trust | &nbsp;&nbsp;266624 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;266624 |
| &nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | &nbsp;&nbsp;195220 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;195220 |
|  | &nbsp;&nbsp;$11305059 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$11305059 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Growth Fund</u>** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** |
| &nbsp;&nbsp;***Categories*** | &nbsp;&nbsp;***<u>Level 1</u>*** | &nbsp;&nbsp;***<u>Level 2</u>*** | &nbsp;&nbsp;***<u>Level 3</u>*** | &nbsp;&nbsp;***<u>Fair Value</u>*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Common Stocks \* | &nbsp;&nbsp;$18361830 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$18361830 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | &nbsp;&nbsp;518266 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;518266 |
|  | &nbsp;&nbsp;$18880096 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$18880096 |

---

---

| | | | | |
|:---|:---|:---|:---|:---|
| &nbsp;&nbsp;**<u>Bond Fund</u>** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** | &nbsp;&nbsp;**Financial Instruments – Assets** |
| &nbsp;&nbsp;***Categories*** | &nbsp;&nbsp;***<u>Level 1</u>*** | &nbsp;&nbsp;***<u>Level 2</u>*** | &nbsp;&nbsp;***<u>Level 3</u>*** | &nbsp;&nbsp;***<u>Fair Value</u>*** |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;US Treasury Notes | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;- | &nbsp;&nbsp;$2570572 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$2570572 |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Money Market Fund | &nbsp;&nbsp;421089 | &nbsp;&nbsp;- | &nbsp;&nbsp;- | &nbsp;&nbsp;421089 |
|  | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;421089 | &nbsp;&nbsp;$2570572 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$2991661 |

---

\* Industry classifications of these categories are detailed on each Fund's Schedule of Investments.

The Funds did not hold any Level 3 assets during the year ended December 31, 2025. The Funds did not hold any derivative instruments at any time during the year ended December 31, 2025. There were no significant transfers into or out of Level 1 or Level 2 during the period. It is the Funds' policy to recognize transfers into and out of Level 1 and Level 2 at the end of the reporting period.

**3. INVESTMENT ADVISORY AGREEMENT AND OTHER TRANSACTIONS WITH AFFILIATES**

*Investment Advisory Agreement*

Under an agreement effective December 31, 2021, Smithbridge Asset Management, Inc. ("Smithbridge" or "Advisor") acquired the assets of Morris Capital Advisors, LLC. The Board voted to approve an investment advisory agreement with Smithbridge, effective December 31, 2021. Smithbridge assumed all duties and responsibilities previously performed by Morris Capital Advisors, LLC. At a Board meeting on March 16, 2022, the Board voted to approve an interim investment advisory agreement and an investment advisory agreement with Smithbridge to act as investment adviser to the Funds, pending shareholder approval. At a special meeting of shareholders held February 15, 2023, the shareholders of the Manor Fund, the Growth Fund, and the Bond Fund, voting separately, approved the new advisory agreement between the Trust and Smithbridge. Under the investment advisory agreement, the fee structure consists of a management fee not to exceed 0.75% of average net assets for the Manor Fund and the Growth Fund and a management fee not to exceed 0.50% of average net assets for the Bond Fund. The agreement also includes an administrative fee not to exceed 0.50%, 0.24% and 0.45% of average net assets for the Manor Fund, Growth Fund, and Bond Fund, respectively. Management and administrative fees are paid on a monthly basis. Expenses that may be excluded from the unified fees include such expenses as acquired fund fees or expenses.

<u>Advisory Fees for the year ended December 31, 2025</u>

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;Manor Fund | &nbsp;&nbsp;Growth Fund | &nbsp;&nbsp;Bond Fund |
| &nbsp;&nbsp;Advisory Fees Earned | $76808 | $&nbsp;&nbsp;&nbsp;&nbsp;130812 | $13271 |
| &nbsp;&nbsp;Advisory Fees owed to Advisor | $&nbsp;&nbsp;&nbsp;&nbsp;7233 | $&nbsp;&nbsp;&nbsp;&nbsp; 12124 | $&nbsp;&nbsp;&nbsp;&nbsp;1269 |

---

<u>Administrative Fees for the year ended December 31, 2025</u>

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;Manor Fund | &nbsp;&nbsp;Growth Fund | &nbsp;&nbsp;Bond Fund |
| &nbsp;&nbsp;Administrative Fees Earned | $51206 | $41860 | $11944 |
| Administrative Fees owed to Advisor | $&nbsp;&nbsp;&nbsp;&nbsp; 4822 | $&nbsp;&nbsp;&nbsp;&nbsp;3880 | $&nbsp;&nbsp;&nbsp;&nbsp;1142 |

---

*Administrative Shareholder Servicing Fees*

The Trust entered into an Administrative Services Agreement with Smithbridge effective January 1, 2022, under which Smithbridge, as Advisor to the Funds, provides certain services to the Trust including, but not limited to: accounting, recordkeeping, and portfolio administration of the funds; preparation, distribution, and filing of required reports; managing operational requirements and service providers; organizing and managing the Board; and providing marketing and distribution services. Under the Administrative Services Agreement, the Advisor earns a fee of 0.05% of net average assets of the Trust. This administrative shareholder services fee is included in the ordinary expenses of the Trust on an annual basis, billed monthly. The fee may be waived for assets in any fund series during periods that the Advisor serves as investment advisor to that series. For the year ended December 31, 2025, no fees were billed or accrued for the Advisor under this agreement.

As Administrator to the Trust, the Advisor also oversees the third-party service providers. The Advisor pays all expenses related to management and administrative support for the Funds, including those third-party services currently under contract, as approved by the Board. The Advisor also pays certain financial institutions (which may include banks, brokers, securities dealers and other industry professionals) that charge a fee for providing distribution related services and/or certain administrative functions for the Fund shareholders.

Daniel A. Morris serves Co-Chief Investment Officer of the Advisor. He also served as the Trust's President and Trustee until March 28, 2023, at which time the shareholders of the Trust elected Gregory B. Getts to serve as the Trust's President and Trustee. Mr. Getts is also the owner/President of Mutual Shareholder Services, LLC ("MSS"), the Funds' transfer agent and fund accountant. The Trust, on behalf of the Funds, entered into a Compliance Agreement with Empirical Administration, LLC ("Empirical") which provides for compliance services to the Funds. Brandon M. Pokersnik is the owner/president of Empirical and also an employee of MSS. He serves as the Chief Compliance Officer and an officer of the Trust.

 

4. SEGMENT REPORTING

Each Fund included herein is deemed to be an individual reporting segment and is not part of a consolidated reporting entity. The objective and strategy of each Fund is used by the Advisor to make investment decisions, and the results of the operations, as shown in the statements of operations and the financial highlights for each Fund is the information utilized for the day-to-day management of the Funds. Each Fund is party to the expense agreements as disclosed in the notes to the financial statements and resources are not allocated to a Fund based on performance measurements. Due to the significance of oversight and their role, the Chief Executive Officer and Chief Investment Officer of the Advisor is deemed to be the Chief Operating Decision Maker.

 

5. INVESTMENT TRANSACTIONS

Investment transactions, excluding short-term investments, for the year ended December 31, 2025, were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**<u>Manor Fund</u>** | &nbsp;&nbsp;**<u>Growth Fund</u>** | &nbsp;&nbsp;**<u>Bond Fund</u>** |
| &nbsp;&nbsp;Purchases | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 968553 | $1632409 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;149217 |
| &nbsp;&nbsp;Sales | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;1399221 | $3122056 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 96609 |

---

**6. TAX MATTERS NOTE**

As of December 31, 2025, the tax basis unrealized appreciation (depreciation) and cost of investment securities, including short-term investments, were as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**<u>Manor Fund</u>** | &nbsp;&nbsp;**<u>Growth Fund</u>** | &nbsp;&nbsp;**<u>Bond Fund</u>** |
| &nbsp;&nbsp; Federal tax cost of investments,<br> including short-term investments + | &nbsp;&nbsp;<u>$4572830</u> | &nbsp;&nbsp;<u>$&nbsp;&nbsp;&nbsp;&nbsp;6061506</u> | &nbsp;&nbsp;<u>$2999413</u> |
| &nbsp;&nbsp;Gross tax appreciation of investments | &nbsp;&nbsp;$6732229 | &nbsp;&nbsp;$12818964 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; 36063 |
| &nbsp;&nbsp;Gross tax depreciation of investments | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (374) | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (43815) |
| &nbsp;&nbsp;Net tax appreciation (depreciation) | &nbsp;&nbsp;<u>$6732229</u> | &nbsp;&nbsp;<u>$12818590</u> | &nbsp;&nbsp;<u>$&nbsp;&nbsp;&nbsp;&nbsp; (7752)</u> |

---

Each Fund's distributable earnings on a tax basis are determined only at the end of each fiscal year. As of December 31, 2025, the Funds' most recent fiscal year-end, the components of distributable earnings on a tax basis were as follows:

---

| | | | | | |
|:---|:---|:---|:---|:---|:---|
| &nbsp;&nbsp; <br>**<u>Fund</u>** | &nbsp;&nbsp; **Unrealized**<br> **Appreciation**<br> **<u>(Depreciation)</u>** | &nbsp;&nbsp; **Undistributed**<br> **Ordinary**<br> **<u>Income</u>** | &nbsp;&nbsp; **Undistributed**<br> **Capital Gain**<br> **<u>(Loss)</u>** | &nbsp;&nbsp; <br> **Capital Loss**<br> **<u>Carryforward</u>** | &nbsp;&nbsp; **Total**<br> **Distributable**<br> **<u>Earnings (Deficit)</u>** |
| &nbsp;&nbsp;Manor Fund | &nbsp;&nbsp;$6732229 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$6732229 |
| &nbsp;&nbsp;Growth Fund + | &nbsp;&nbsp;$12818590 | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$12818590 |
| &nbsp;&nbsp;Bond Fund | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; (7752) | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; - | &nbsp;&nbsp;$(17347) | &nbsp;&nbsp;$&nbsp;&nbsp;&nbsp;&nbsp; (25099) |

---

+ The difference between the book cost and tax cost of investments represents disallowed wash sales for tax purposes on the Growth Fund.

As of December 31, 2025, the Bond Fund has capital loss carryforwards available for federal income tax purposes, which can be used to offset future capital gains, as follows:

---

| | |
|:---|:---|
| Long-term non-expiring | $&nbsp;&nbsp;&nbsp;&nbsp;(14109) |
| Short-term non-expiring | $&nbsp;&nbsp;&nbsp;&nbsp; (3238) |
| Total | <u>$&nbsp;&nbsp;&nbsp;&nbsp;(17347)</u> |

---

Ordinary income and long-term capital gain distributions are determined in accordance with Federal income tax regulations, which may differ from the character of net investment income or net realized gains presented in the financial statements in accordance with GAAP.

The tax character of distributions paid during the fiscal year ended December 31, 2025 was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Manor Fund** | &nbsp;&nbsp;**Growth Fund** | &nbsp;&nbsp;**Bond Fund** |
| &nbsp;&nbsp;Ordinary Income | $215860 | $&nbsp;&nbsp;&nbsp;&nbsp;339179 | $57479 |
| &nbsp;&nbsp;Long-term Gain | &nbsp;&nbsp;$650349 | &nbsp;&nbsp;$1150723 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

The tax character of distributions paid during the fiscal year ended December 31, 2024 was as follows:

---

| | | | |
|:---|:---|:---|:---|
|  | &nbsp;&nbsp;**Manor Fund** | &nbsp;&nbsp;**Growth Fund** | &nbsp;&nbsp;**Bond Fund** |
| &nbsp;&nbsp;Ordinary Income | $&nbsp;&nbsp;&nbsp;&nbsp; 41605 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— | $38462 |
| &nbsp;&nbsp;Long-term Gain | &nbsp;&nbsp;$593970 | &nbsp;&nbsp;$888403 | $&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;— |

---

**7. CONTROL AND OWNERSHIP**

The beneficial ownership, either directly or indirectly, of more than 25% of the voting securities of a fund creates a presumption of control of the fund, under Section 2(a)(9) of the 1940 Act, as amended. As of December 31, 2025, an individual shareholder owned approximately 26% of the Manor Fund and may be deemed to control the Manor Fund. As of December 31, 2025, an individual shareholder owned approximately 29% of the Growth Fund and may be deemed to control the Growth Fund. As of December 31, 2025, an individual shareholder owned approximately 26% of the Bond Fund and may be deemed to control the Bond Fund.

**8. INDEMNIFICATIONS** 

In the normal course of business, the Funds enter into contracts that contain general indemnifications to other parties. The Funds' maximum exposure under these contracts is unknown as this would involve future claims that may be made against the Funds that have not yet occurred. The Funds expect the risk of loss to be remote.

**9. MARKET RISK**

The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region or financial market. Securities in the Funds may underperform due to inflation (or expectations for inflation), interest rates, global demand for particular products or resources, natural disasters, climate change and climate-related events, pandemics, epidemics, terrorism, tariffs and trade wars, international conflicts, regulatory events and governmental or quasi-governmental actions. The occurrence of global events similar to those in recent years, such as terrorist attacks around the world, natural disasters, trade barriers, social and political discord or debt crises and downgrades, among others, may result in market volatility and may have long term effects on both the U.S. and global financial markets. It is difficult to predict when similar events affecting the U.S. or global financial markets may occur, the effects that such events may have and the duration of those effects. Any such event(s) could have a significant adverse impact on the value and risk profile of the Funds. Changes in market conditions and interest rates can have the same impact on all types of securities and instruments. In times of severe market disruptions, you could lose your entire investment.

**10. SECTOR RISK**

The Manor Fund and Growth Fund may, at times invest a substantial portion of the portfolio in companies in the technology sector. Companies in this sector are subject to the risk of rapidly changing technological developments and highly competitive industry participants. As a result, many companies can have variable earnings and may not pay dividends, leading to higher volatility as investor expectations shift.

**11. NEW ACCOUNTING PRONOUNCEMENTS**

On December 14, 2023, the FASB issued *ASU 2023-09-Income Taxes (Topic 740): Improvements to Income Tax Disclosures,* which establishes new income tax disclosure requirements and modifies or eliminates certain existing disclosure provisions. The amendments in this ASU are intended to address investor requests for more transparency about income tax information and to improve the effectiveness of income tax disclosures. ASU 2023-09 applies to all entities that are subject to Accounting Standards Codification (ASC) 740, Income Taxes. The Funds have adopted ASU 2023-09 as of December 31, 2025, with no material impact on the Fund's financial statements.

In September 2023, the SEC adopted a final rule relating to "Names Rule" under the 1940 Act. The amendments expanded the rule to require more funds to adopt an 80 percent investment policy, including funds with names suggesting a focus in investments with particular characteristics (e.g., growth or value) or with terms that reference a thematic investment focus (e.g., environmental, social, or governance factors). The amendments will require that a fund review its name for compliance with the rule. If needed, a fund may need to adopt an 80 percent investment policy and review its portfolio assets' treatment under such policy at least quarterly. The rule also requires additional prospectus disclosure and reporting and record keeping requirements. The amendments will become effective on April 9, 2024. The compliance date is June 11, 2026 for funds with more than $1 billion in assets and December 11, 2026 for funds with less than $1 billion in assets. The Funds are in compliance with this new rule.

**12. SUBSEQUENT EVENTS**

Management has evaluated the impact of all other subsequent events through the date the financial statements were issued and has determined that there were no subsequent events requiring recognition or disclosure in these financial statements other than the following: Effective February 1, 2026, Daniel A. Morris no longer serves as portfolio manager of the Funds and Treasurer of the Trust.

**REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM**

To the Shareholders and Board of Trustees

of the Manor Fund, Growth Fund and

Bond Fund, each a series of the Manor Investment Funds

**Opinion on the Financial Statements**

We have audited the accompanying statements of assets and liabilities of the Manor Fund, Growth Fund and Bond Fund (collectively the "Funds"), each a series of the Manor Investment Funds, including the schedules of investments, as of December 31, 2025 the related statements of operations for the year then ended, the statements of changes in net assets for each of the two years in the period then ended, and the related notes (collectively referred to as the "financial statements") and the financial highlights for each of the five years in the period then ended. In our opinion, the financial statements and financial highlights present fairly, in all material respects, the financial positions of the Manor Investment Funds as of December 31, 2025, the results of their operations for the year then ended, the changes in their net assets for each of the two years in the period then ended, and the financial highlights for each of the five years in the period then ended, in conformity with accounting principles generally accepted in the United States of America.

**Basis for Opinion**

These financial statements and financial highlights are the responsibility of the Funds' management. Our responsibility is to express an opinion on these financial statements and financial highlights based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Funds in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements and financial highlights are free of material misstatement, whether due to error or fraud. The Funds are not required to have, nor were we engaged to perform, an audit of their internal control over financial reporting. As part of our audits, we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Funds' internal control over financial reporting. Accordingly, we express no such opinion.

Our audits included performing procedures to assess the risk of material misstatement of the financial statements and financial highlights, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements and financial highlights. Our procedures included confirmation of securities and cash owned as of December 31, 2025, by correspondence with the custodian. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements and financial highlights. We believe that our audits provide a reasonable basis for our opinion.

![](auditorsig.jpg)

We have served as the Funds' auditor since 2003

Dallas, Texas

February 24, 2026

MAnor Investment Funds

ADDITIONAL INFORMATION

DECEMBER 31, 2025 (UNAUDITED)

Proxy Voting Procedures

The Board has approved proxy voting procedures for the voting of proxies relating to securities held by the Funds. Records of the Funds proxy voting records are maintained and are available for inspection. The Board is responsible for overseeing the implementation of the procedures. Information regarding how the Funds voted proxies relating to portfolio securities during the most recent 12-month period ended June 30 is available without charge, upon request, by calling 800-787-3334; or on the Funds' website at www.manorfunds.com under Fund Information, Proxy Voting, or on the SEC website at http://www.sec.gov.

*<u>Manor Fund, Manor Growth Fund & Manor Bond Fund – Advisory Agreement Renewal</u>*

 

In connection with a regular meeting of the Board of Trustees (the "Board" or "Trustees") of Manor Investment Funds (the "Trust") held on June 11, 2025, the Board considered the renewal of the investment advisory agreement (the "Advisory Agreement") between the Trust and Smithbridge Asset Management, LLC (the "Advisor") with respect to Manor Fund, Manor Growth ("Growth Fund") Fund & Manor Bond Fund ("Bond Fund") (each a "Fund" and collectively, the "Funds").

*Nature, Extent and Quality of Service.* The Trustees reviewed the qualifications of the key personnel at the Advisor, noting that Daniel Morris and Jonathan Kolle work for the Advisor. The Trustees recognized that the Advisor reviewed the best-execution policy to evaluate broker-dealers on a regular basis. The Trustees noted that the Advisor engaged a third-party consultant for cybersecurity services. The Trustees acknowledged that the Advisor reported no material compliance, litigation or cybersecurity issues since the advisory agreement was last renewed. After further discussion, the Trustees agreed that the Advisor's services provided to the Funds were satisfactory.

*Performance*

<u>Manor Fund</u>. The Trustees reviewed Manor Fund's investment strategies and objectives. The Trustees observed that Manor Fund underperformed the peer group over the one-year period but outperformed during the three-year and since inception periods. The Trustees noted that Manor Fund underperformed the Morningstar category over the one-year, three-year and since inception periods. The Trustees noted that the Advisor attributed underperformance due to the relatively conservative nature of the strategy and a value focused objective at a time when value stocks underperformed. The Trustees discussed the information presented and determined that Manor Fund's performance was not unreasonable.

<u>Growth Fund</u>. The Trustees reviewed Growth Fund's investment strategies and objectives. The Board noted that Growth Fund outperformed the peer group over the one-year but underperformed during the three-year and since inception periods. The Trustees observed that the Growth Fund underperformed the Morningstar category over the one-year and three-year periods but outperformed over the since inception period. The Trustees acknowledged Growth Fund's recent underperformance was due to Growth Fund's conservative growth positioning in a market driven by momentum in mega-cap stocks. The Trustees discussed the information presented and determined that the performance was not unreasonable.

<u>Bond Fund</u>. The Trustees reviewed and discussed Bond Fund's investment strategies and objectives. The Trustees noted that Bond Fund outperformed the peer group over the one-year, three-year and since inception periods. The Trustees observed that Bond Fund underperformed the Morningstar category during the one-year and since inception periods but outperformed during the three-year period. The Board acknowledged the Advisor's assertion that funds in its peer group were much larger and held government agency securities, which have higher risk and higher return. The Trustees concluded that the Advisor's had managed Bond Fund in a manner consistent with its investment mandate and returns were acceptable.

*Fees and Expenses.* 

 

*<u>Manor Fund</u>.* the Advisor contractually agreed to operate Manor Fund under a unified fee schedule where the advisory fee is 1.00% and a net expense ratio of 1.50%. The Trustees reviewed that the Advisor received an administrative servicer fee for the provision of certain recordkeeping and administrative services to Manor Fund. The Trustees noted that Manor Fund's advisory fee and net expense ratio were higher than the peer group average and Morningstar category. The Trustees agreed that the fee was not unreasonable.

 

*<u>Growth Fund</u>.* The unified fee structure that the Advisor contractually agreed to operate Growth Fund consisting of a 0.75% advisory fee and a 0.99% net expense ratio. The Trustees reviewed that the Advisor received an administrative servicer fee for the provision of certain recordkeeping and administrative services to Growth Fund. The Trustees discussed that the advisory fee and net expense ratio was lower than the peer group average. The Trustees noted that advisory fee was below the Morningstar category but on par with the net expense ratio of the Morningstar category. The Trustees agreed that the fee was not unreasonable.

 

*<u>Bond Fund</u>.* The unified fee structure that Bond Fund operates by included an advisory fee of 0.50% and a net expense ratio of 0.95%. The Trustees reviewed that the Advisor received an administrative servicer fee for the provision of certain recordkeeping and administrative services to Bond Fund. The Trustees reviewed the peer comparisons and stated that Bond Fund's advisory fee and net expense ratio were above the peer group average and Morningstar category. The Trustees agreed that the fee was not unreasonable.

 

*Profitability.* The Trustees reviewed the Advisor's profitability analysis in connection with its advisory services for each Fund. The Board observed that the Advisor was not profitable with respect to Bond Fund, if overall expenses were allocated on a pro-rata asset under management basis. The Trustees noted that, based on the advisory fees and a similar allocation of expenses, the Advisor was moderately profitable with respect to the Manor and Growth Funds. The Trustees concluded excessive profitability was not a relevant concern at this time.

*Economies of Scale.* The Trustees considered whether the Advisor would experience economies of scale with respect to the management of the Funds. The Trustees noted that the Funds were not at a point where breakpoints needed to be discussed. Accordingly, the Trustees concluded that the absence of breakpoints at this time was reasonable.

*Conclusion.* Having requested and received such information from the Advisor as the Trustees believed reasonably necessary to evaluate the terms of Advisory Agreement, the Trustees concluded that the fee structure was reasonable with respect to the Funds and that renewal of the Advisory Agreement was in the best interests of the shareholders of the Funds.

![](logo.jpg)

**This report is submitted for the general information of the shareholders of the Funds. It is not authorized for distribution to prospective investors unless preceded or accompanied by an effective prospectus, which includes information regarding each of the Fund's risks, objectives, fees and expenses, experience of its management and other information.**

ITEM 8. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to open-end investment companies.

ITEM 9. PROXY DISCLOSURES FOR OPEN-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to open-end investment companies.

ITEM 10. REMUNERATION PAID TO DIRECTORS, OFFICERS, AND OTHERS OF OPEN-END MANAGEMENT INVESTMENT COMPANIES.

The information is included as part of the material filed under Item 7 of this form.

ITEM 11. STATEMENT REGARDING BASIS FOR APPROVAL OF INVESTMENT ADVISORY CONTRACT.

Not applicable.

ITEM 12. DISCLOSURE OF PROXY VOTING POLICIES AND PROCEDURES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to open-end investment companies.

ITEM 13. PORTFOLIO MANAGERS OF CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to open-end investment companies.

ITEM 14. PURCHASES OF EQUITY SECURITIES BY CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable to open-end investment companies.

ITEM 15. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS.

Not applicable.

ITEM 16. CONTROLS AND PROCEDURES

(a) The registrant's president and chief financial officer has concluded that the registrant's disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the "1940 Act")) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act and Rules 13-a-15(b) under the Securities Exchange Act of 1934.

(b) There were no changes in the registrant's internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act) that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting.

ITEM 17. DISCLOSURE OF SECURITIES LENDING ACTIVITIES FOR CLOSED-END MANAGEMENT INVESTMENT COMPANIES.

Not applicable.

ITEM 18. RECOVERY OF ERRONEOUSLY AWARDED COMPENSATION.

Not applicable.

ITEM 19. EXHIBITS.

(a)(1) Code of Ethics — For annual reports.

(a)(2) Certifications pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

(b) Certification pursuant to Section 906 of the Sarbanes-Oxley Act of 2002 are attached hereto.

**SIGNATURES**

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

**Manor Investment Funds** <u>By /s/ Jonathan F. Kolle</u>

President

Date:March 10, 2026

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

**Manor Investment Funds** <u>By /s/ Jonathan F. Kolle</u>

President

Date:March 10, 2026

## Ex-99.Cert

I, Jonathan F. Kolle, certify that:

1. I have reviewed this report on Form N-CSR of Manor Investment Funds ;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: <u>March 10, 2026</u>

<u>/s/ Jonathan F. Kolle</u>

Jonathan F. Kolle, President

## Exhibit 99.906

EX-99.906CERT

**CERTIFICATION**

Jonathan F. Kolle, President of Manor Investment Funds (the "Registrant"), does certify to the best of his knowledge that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. The Registrant's periodic report on Form N-CSR for the period ended December 31, 2025 (the "Form N-CSR") fully complies with the requirements of Sections 15(d) of the Securities Exchange Act of 1934, as amended; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant.

President

Manor Investment Funds

<u>/s/ Jonathan F. Kolle</u>

Jonathan F. Kolle

Date: <u>March 10, 2026</u>

A signed original of this written statement required by Section 906 of the Sarbanes-Oxley Act of 2002 has been provided to Manor Investment Funds and will be retained by Manor Investment Funds and furnished to the Securities and Exchange Commission (the "Commission") or its staff upon request.

This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission.

## Ex-99.Code

**<u>Morris Capital Advisors, LLC/Manor Investment Funds</u>**

**Code of Ethics**

**Introduction**

This Code of Ethics ("Code") for the Principal Officers of Morris Capital Advisors, LLC ("MCA") and Manor Investment Funds, Inc. ("Fund") applies to all officers of Morris Capital Advisors, LLC and Manor Investment Funds.

Honesty and integrity are hallmarks of Morris Capital Advisors, LLC and Manor Investment Funds. We maintain the highest standards of ethics and conduct in all of our business relationships. This Code of Business Conduct and Ethics covers a wide range of business practices and procedures and applies to all officers and Directors of Morris Capital Advisors and the Fund in their conduct of their business and affairs. It does not cover every issue that may arise, but it sets out basic principles to guide all officers and Directors in discharging their duties. This Code has been adopted by Morris Capital Advisors and Directors of the Fund with the objectives of deterring wrongdoing and promoting (1) honest and ethical conduct, including the ethical handling of actual or apparent conflicts of interest between personal and professional relationships, (2) full, fair, accurate, timely and understandable disclosure in reports and documents filed with the Securities and Exchange Commission and in other public communications, (3) compliance with applicable governmental laws, rules and regulations, (4) prompt internal reporting of violations of this Code, and (5) accountability for adherence to this Code.

This Code is intended as a code of ethics under Section 406 of the Sarbanes-Oxley Act of 2002 and Item 2 of Form N-CSR under the Investment Company Act of 1940, and is specifically applicable to the principal executive officer, principal financial officer, and principal accounting officer (or persons performing similar functions, whether or not as officers or employees of the Fund) of Morris Capital Advisors and the Fund (each a "Covered Officer").

All records and reports created or maintained pursuant to this Code are intended solely for the internal use of Morris Capital Advisors and the Fund, are confidential, and in no event constitute an admission by any person as to any fact, circumstance or legal conclusion.

**Compliance with Laws, Rules and Regulations**

Morris Capital Advisors and the Fund expect its officers and Directors to comply with all laws, rules and regulations applicable to Morris Capital Advisors and the Fund's operations and business. Officers and Directors should seek guidance whenever they are in doubt as to the applicability of any law, rule or regulation regarding any contemplated course of action. Morris Capital Advisors and the Fund hold information and training sessions to promote compliance with laws, rules and regulations, including insider-trading laws. Please consult the various guidelines and policies, which Morris Capital Advisors and the Fund have prepared in accordance with specific laws and regulations. A good guideline, if in doubt on a course of action, is "Always ask first, act later -- if you are unsure of what to do in any situation, seek guidance before you act."

Morris Capital Advisors and the Fund are subject to regulation by the Securities and Exchange Commission, and compliance with federal, state and local laws. Morris Capital Advisors expects its officers and the Fund expects its Directors to insist on strict compliance with the spirit and the letter of these laws and regulations.

<br> **Conflicts of Interest**

Each officer and Director of Morris Capital Advisors and the Fund should be scrupulous in avoiding any conflict of interest with regard to Morris Capital Advisors and the Fund's interests. A "conflict of interest" occurs when an individual's private interest interferes with the interests of Morris Capital Advisors and the Fund. A conflict situation can arise when an officer or Director pursues interests that prevent the individual from performing his duties to Morris Capital Advisors and the Fund objectively and effectively. Conflicts of interest also arise when an officer or Director or member of the individual's family receives undisclosed, improper benefits as a result of the individual's position with Morris Capital Advisors and the Fund. Any conflict of interest that arises in a specific situation or transaction must be disclosed by the individual and resolved before taking any action.

Matters involving a conflict of interest are prohibited as a matter of policy, except when approved by the Executive Officer of Morris Capital Advisors or Directors or the Fund's audit committee for any Covered Officer or Director, or except when approved by the Fund's president for any other individual. Conflicts of interest may not always be evident, and individuals should consult with higher levels of management or Morris Capital Advisors and the Fund's legal counsel if they are uncertain about any situation. In no event, however, shall investment in any security made in accordance with Morris Capital Advisors and the Fund's Policy on Personal Securities Transactions (or comparable policy or code then in effect) be considered a conflict of interest with Morris Capital Advisors and the Fund.

**Corporate Opportunities**

Officers and Directors shall not take for themselves personally opportunities that are discovered through the use of their position with Morris Capital Advisors and the Fund, except with the approval of the Executive Officer of Morris Capital Advisors or Directors or the Fund's audit committee for any Covered Officer or Director, or except with the approval by the Executive Officer of Morris Capital Advisors or Fund's president for any other individual. Officers and Directors owe a duty to Morris Capital Advisors and the Fund to advance its legitimate interests when the opportunity to do so arises. In no event, however, shall investment in any security made in accordance with Morris Capital Advisors and the Fund's Policy on Personal Securities Transactions (or comparable policy or code then in effect) be considered a business opportunity of Morris Capital Advisors and the Fund.

**Confidentiality**

Officers and Directors shall exercise care in maintaining the confidentiality of any confidential information respecting Morris Capital Advisors and the Fund, except where disclosure is authorized or legally mandated. Officers and Directors should consult with Morris Capital Advisors and the Fund's legal counsel if they believe they have a legal obligation to disclose confidential information. Confidential information includes non-public information of Morris Capital Advisors and the Fund that may be helpful to competitors, or otherwise harmful to Morris Capital Advisors and the Fund or its shareholders. The obligation to preserve confidentiality of this information continues after association with Morris Capital Advisors and the Fund ends.

**Fair Dealing**

Officers and Directors should endeavor to deal fairly with the clients of Morris Capital Advisors and the Fund's shareholders, service providers and competitors, and shall not seek unfair advantage through improper concealment, abuse of improperly acquired confidential information, misrepresentation of material facts when the other party is known by the officer or Director to rely justifiably on the individual to disclose those facts truthfully, or improper and unfair dealing.

**Business Gifts and Entertainment**

The purpose of business entertainment and gifts in a commercial setting is to create goodwill and sound working relationships, not to gain unfair advantage. No gift or entertainment should ever be offered, given, provided or accepted by any officer or Director in connection with Morris Capital Advisors and the Fund's business unless it (1) is not a cash gift, (2) is consistent with customary business practices, (3) is not excessive in value, (4) cannot be construed as a bribe, payoff or kickback and (5) does not violate any laws or regulations.

**Protection and Proper Use of Fund Assets** 

All officers and Directors should endeavor to protect Morris Capital Advisors and the Fund's assets and pursue their efficient investment in accordance with Morris Capital Advisors and the Fund's business purposes and declaration of trust. Any suspected incident of fraud or theft should be immediately reported for investigation as hereinafter described under the caption "Reporting Illegal or Unethical Behavior."

The obligation of officers and Directors to protect Morris Capital Advisors and the Fund's assets includes its proprietary information. Proprietary information includes intellectual property such as trademarks and copyrights, as well as business, marketing and service plans, databases, records, salary information and any unpublished financial data and reports. Unauthorized use or distribution of this information violates this Code.

**Insider Trading**

All officers and Directors should pay particular attention to potential violations of insider trading laws. Insider trading is both unethical and illegal and will be dealt with decisively if it occurs. Officers and Directors are expected to familiarize themselves with the Policy Statement on Insider Trading, adopted by Morris Capital Advisors and the Fund's investment adviser. If they have questions about these guidelines, they should consult with Morris Capital Advisors and the Fund's president, the investment adviser's compliance office, or Morris Capital Advisors and the Fund's legal counsel.

**Reporting Illegal or Unethical Behavior**

The Directors encourage each officer to talk to senior officers, the investment adviser's compliance officers, or the Directors about observed illegal or unethical behavior, or when the officer is in doubt about the best course of action in a particular situation. Officers should report actual and suspected violations of laws, rules, regulations or this Code to appropriate personnel. If an individual does not believe it appropriate or is not comfortable approaching senior officers or the investment adviser's compliance officers about their concerns, then the individual may contact any member of Morris Capital Advisors and the Fund's audit committee. If the individual's concerns require confidentiality, then this confidentiality will be protected, subject to applicable law, regulation or legal proceedings. Morris Capital Advisors and the Fund will not permit retaliation of any kind by or on behalf of Morris Capital Advisors and the Fund or its officers and Directors against good faith reports or complaints of violations of this Code or other illegal or unethical conduct.

**Reporting and Disclosure**

As a registered investment company, it is of critical importance that the Fund's filings with the Securities and Exchange Commission, including specifically shareholder reports, contain full, fair, accurate, timely and understandable disclosure. Each officer and Director should become familiar with the disclosure laws and regulations applicable to the Fund, consistent with the individual's authority and duties. Depending on the Fund, each officer and Director may be called upon to provide necessary information to ensure that the Fund's public reports are complete, fair and understandable. The Directors expect officers and Directors to take this responsibility very seriously and to provide prompt and accurate answers to inquiries related to the Fund's public disclosure requirements. Officers may be asked to certify as to the accuracy of all responses and information provided for inclusion in the Fund's public reports and filings.

**Recordkeeping**

Morris Capital Advisors and the Fund require accurate recording and reporting of information in order to make responsible business decisions. The Directors expect each of Morris Capital Advisors and the Fund's officers, consistent with the officer's individual authority and duties, to maintain books, records, accounts and financial statements in reasonable detail, and to appropriately reflect Morris Capital Advisors and the Fund's transactions in conformity with applicable legal requirements and Morris Capital Advisors and the Fund's system of internal controls.

**Accounting and Financial Reporting Concerns**

Morris Capital Advisors and the Fund seek to comply with all applicable financial reporting and accounting regulations applicable to Morris Capital Advisors and the Fund. Officers who have concerns or complaints regarding questionable accounting or auditing matters or procedures involving Morris Capital Advisors and the Fund are encouraged to submit those concerns or complaints to Morris Capital Advisors and the Fund's audit committee which will, subject to its duties arising under applicable law, regulations and legal proceedings, treat such submissions confidentially. These submissions may be directed to the attention of the audit committee chairman, or any Director who is a member of the audit committee, at the principal executive offices of Morris Capital Advisors and the Fund or at the Director's residence address.

**Waivers of the Code of Business Conduct and Ethics**

Any waiver of this Code for any Covered Officer or Director may be made only by the Executive Officer of Morris Capital Advisors or Directors or the Fund's audit committee and will be promptly disclosed as required by law or by Securities and Exchange Commission regulations. Waivers of this Code for any other individual may be made by the president only upon the individual's making full disclosure in advance of the transaction in question. This Code may be amended or modified at any time by the Directors.

**Consequences for Non-Compliance**

Any Covered Officer or Director of Morris Capital Advisors or the Fund found to be in non-compliance with any aspect of these policies will be subject to suspension of duties, termination of employment, or removal as an officer or Director of Morris Capital Advisors or the Fund.

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