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Omb Approval |
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Omb Number: |
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Expires: |
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Estimated
average |
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United States |
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Form N-Q |
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Quarterly Schedule of Portfolio Holdings of Registered |
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Investment Company Act file number: 811-05807 |
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NAIC Growth Fund, Inc. |
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(Exact name of registrant as specified in charter) |
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205 E. Wisconsin Ave, Suite 120, Milwaukee, WI 53202 |
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(Address of principal executive offices) (zip code) |
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Luke E. Sims, President |
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Registrant’s telephone number, including area code: |
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(414) 765-1107 |
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Date of fiscal year end: December 31, 2008 |
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Date of reporting period: March 31, 2008 |
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ITEM 1. SCHEDULE OF INVESTMENTS
NAIC Growth
Fund, Inc.
Portfolio of Investments (as of March 31, 2008) (unaudited)
COMMMON STOCK (95.7% OF TOTAL INVESTMENTS)
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Shares |
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Cost |
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Market Value |
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% Total Inv. |
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FOOD/BEVERAGE/CONSUMER |
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Colgate-Palmolive Co. |
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16,000 |
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$ |
469,850 |
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$ |
1,246,560 |
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PepsiCo, Inc. |
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15,000 |
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335,649 |
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1,083,000 |
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$ |
2,329,560 |
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(10.0%) |
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DRUG/MEDICAL DEVICE |
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Abbott Laboratories |
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15,000 |
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638,677 |
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$ |
827,250 |
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Johnson & Johnson |
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20,000 |
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915,045 |
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1,297,400 |
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Medtronic Inc. |
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17,000 |
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850,214 |
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822,290 |
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Pfizer Inc. |
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28,000 |
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606,755 |
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586,040 |
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Stryker Corp. |
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22,000 |
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180,012 |
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1,431,100 |
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Zimmer Holdings Inc.* |
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1,000 |
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81,859 |
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77,860 |
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$ |
5,041,940 |
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(21.6%) |
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BANK/FINANCIAL/INSURANCE |
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AFLAC Inc. |
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18,000 |
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107,094 |
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$ |
1,169,100 |
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Automatic Data Processing, Inc. |
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1,000 |
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39,989 |
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42,390 |
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CIT Group Inc. |
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20,000 |
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587,335 |
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237,000 |
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Citigroup Inc. |
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22,000 |
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368,636 |
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471,240 |
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Huntington Banc. |
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25,000 |
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238,023 |
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268,750 |
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Jack Henry & Assoc. |
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34,000 |
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626,877 |
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838,780 |
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JP Morgan Chase & Co |
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15,000 |
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396,347 |
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644,250 |
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Marshall & Ilsley Corp. |
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5,000 |
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167,716 |
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116,000 |
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Metavante Technologies, Inc.* |
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1,666 |
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43,292 |
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33,303 |
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State Street Corp. |
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6,000 |
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54,688 |
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474,000 |
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Synovus Financial Corp. |
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27,000 |
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139,794 |
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298,620 |
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Total Systems Services, Inc. |
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13,065 |
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177,851 |
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309,118 |
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U. S. Bancorp |
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15,000 |
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465,675 |
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485,400 |
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Washington Mutual Inc. |
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15,000 |
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609,130 |
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154,500 |
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$ |
5,442,451 |
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(23.7%) |
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2
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MUTUAL FUND MANAGERS |
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Eaton Vance Corp. |
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20,000 |
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742,643 |
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$ |
610,200 |
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Franklin Resources Inc. |
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9,000 |
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922,098 |
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872,910 |
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T. Rowe Price Group, Inc. |
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5,000 |
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230,481 |
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250,000 |
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$ |
1,733,110 |
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(7.4%) |
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INDUSTRIAL |
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Avery Dennison Corp. |
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9,000 |
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488,594 |
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$ |
443,250 |
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Emerson Electric Co. |
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20,000 |
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335,278 |
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1,029,200 |
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General Electric Co. |
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24,000 |
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441,341 |
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888,240 |
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Graco Inc. |
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25,000 |
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987,169 |
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906,500 |
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Sigma-Aldrich Corp. |
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7,000 |
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58,094 |
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417,550 |
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Teleflex Inc. |
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16,000 |
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545,608 |
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763,360 |
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$ |
4,448,100 |
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(19.0%) |
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RETAIL/DISTRIBUTION |
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The Home Depot, Inc. |
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36,500 |
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1,432,696 |
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$ |
1,020,905 |
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Lowe’s Companies Inc. |
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20,000 |
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575,385 |
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458,800 |
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O’Reilly Automotive* |
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30,000 |
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189,637 |
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855,600 |
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Sysco Corp. |
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32,000 |
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507,179 |
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928,640 |
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$ |
3,263,945 |
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(14.0%) |
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TOTAL COMMON STOCK INVESTMENTS |
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$ |
15,556,711 |
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$ |
22,359,106 |
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SHORT-TERM INVESTMENTS (4.3% OF TOTAL INVESTMENTS) |
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Miscellaneous cash-equivalents |
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$ |
1,005,959 |
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TOTAL SHORT-TERM INVESTMENTS |
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$ |
1,005,959 |
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TOTAL INVESTMENTS |
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$ |
23,365,065 |
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ALL OTHER NET ASSETS (LIABILITIES) |
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(47,011) |
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TOTAL NET ASSETS |
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$ |
23,318,054 |
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3
*=Non-dividend paying security
Footnote:
The following information is based upon federal income tax cost of portfolio investments as of March 31, 2008:
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Gross unrealized appreciation |
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$ |
8,557,723 |
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Gross unrealized depreciation |
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(1,755,328 |
) |
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Net unrealized appreciation |
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$ |
6,802,395 |
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Federal income tax basis |
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$ |
15,556,711 |
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ITEM 2. CONTROLS AND PROCEDURES.
(i) As of April 1, 2008, an evaluation of the effectiveness of the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) was performed by management with the participation of the registrant’s President and Chief Executive Officer (who is the principal executive officer of the registrant) and the registrant’s Chief Financial Officer (who is the principal financial officer of the registrant). Based on that evaluation, the registrant’s President, Chief Executive Officer and Chief Financial Officer concluded that the registrant’s disclosure controls and procedures are effectively designed to ensure that information required to be disclosed by the registrant is recorded, processed, summarized and reported within the time periods specified by the Commission’s rules and forms, and that information required to be disclosed by the registrant has been accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, or persons performing similar functions as appropriate to allow timely decisions regarding required disclosure.
(ii) There has been no change in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act) that occurred during the last fiscal quarter of 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.
4
ITEM 3. EXHIBITS
99.1 Certification of principal executive officer as required by Rule 30a-2(a) under the Act.
99.2 Certification of principal financial officer as required by Rule 30a-2(a) under the Act.
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.
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NAIC GROWTH FUND, INC. |
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By: |
/s/ Luke E. Sims |
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Luke E. Sims |
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President
and Chief Executive Officer |
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Dated: |
April 8, 2008 |
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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.
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By: |
/s/ Luke E. Sims |
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Luke E. Sims |
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President and Chief Executive Officer (Principal Executive Officer) |
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Dated: |
April 8, 2008 |
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By: |
/s/ David C. Sims |
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David C. Sims |
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Chief Financial Officer (Principal Financial Officer) |
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Date: |
April 8, 2008 |
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5