Form N-CEN INVESTMENT HOUSE FUNDS For: Jul.
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X0404 N-CEN LIVE 0001160363 XXXXXXXX 811-10529 true false false N-1A S000001543 true Investment House Funds 811-10529 0001160363 549300UVUH76QDOHPR62 300 Corporate Pointe Suite 380 Culver City 90230-8712 US-CA US (310) 873-3020 Ultimus Fund Distributors, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246 513-587-3400 Books and records related to distribution services U.S. Bank 425 Walnut Street Cincinnati 45202-3956 (513) 455-8102 Books and records related to custody services Ultimus Fund Solutions, LLC 225 Pictoria Drive Suite 450 Cincinnati 45246-1617 (513) 587-3400 Books and records related to fund administration services and transfer agency services The Investment House, LLC 300 Corporate Pointe Suite 380 Culver City 90230-8712 (310) 873-3020 Books and records related to investment advisory services N N N N-1A 1 Y Nicholas G. Tonsich N/A N Michael A. Zupanovich N/A N Timothy J. Wahl 002326669 Y Darrin F. DelConte N/A N David L. Kahn 001242008 300 Corporate Pointe Suite 380 Culver City 90230-8712 XXXXXX N N N N N N N Ultimus Fund Distributors, LLC 008-52643 000104177 N/A N N BBD, LLP 552 N/A N N N N N N N The Investment House Growth Fund S000001543 549300UVUH76QDOHPR62 N 0 0 0 N/A N N N N N/A 0.00000000 0.00000000 N/A N N N N The Investment House, LLC 801-76547 000163493 N/A N Ultimus Fund Solutions, LLC 084-05829 N/A N N N Ice Data Services Limited 5493000F4ZO33MV32P92 N N U.S. Bank, N.A. 6BYL5QZYBDK8S7L73M02 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Ultimus Fund Solutions, LLC 084-05829 SEC file no. N N N Ultimus Fund Solutions, LLC 084-05829 SEC File No. N N N 0.00000000 TD AMERITRADE, INC. 008-23395 000007870 CWQYQU0TV2NLMLZKNB44 4658114.00000000 4658114.00000000 N 192117657.00000000 Uncommitted 20000000.00000000 N N N false false true false false false
REPORT OF THE INDEPENDENT REGISTERED ACCOUNTING FIRM
To the Board of Directors of The Investment House Funds
and the shareholders of The Investment House Growth Fund
As part of the planning and conduct of our audit of the financial statements of The Investment House Growth Fund, a series of beneficial shares in The Investment House Funds (the
“Funds”), as at July 31, 2021, and for the year then ended, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (“PCAOB”), we have considered the Fund’s internal control over financial reporting, including controls over the protection of securities, as the basis for designing our audit procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.
Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. To fulfill this responsibility, management’s estimates and judgments are necessary to assess the expected benefits and associated costs of the controls. A fund’s internal control over financial reporting is a process designed 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. in the United States of America (“GAAP”). A fund’s internal control over financial reporting includes policies and procedures that (1) relate to keeping records which, in reasonable detail, accurately and fairly reflect the transactions and provisions of fund assets; (2) provide reasonable assurance that transactions are recorded as necessary to enable the preparation of the financial statements in accordance with GAAP, and that the income and expenses of the fund are made only in accordance with the authorizations of the management and the trustees of the fund; and (3) provide reasonable assurance regarding the prevention or timely detection of the unauthorized acquisition, use or disposal of a fund’s assets that could have a material effect on the financial statements.
Due to inherent limitations, internal control over financial reporting may not prevent or detect anomalies. In addition, projections of any evaluation of effectiveness over future periods are subject to the risk that controls will become inadequate due to changes in conditions or that the degree of compliance with policies or procedures deteriorates.
There is a deficiency in internal control over financial reporting when the design or operation of a control does not allow management or employees, in the normal course of performing their duties, to prevent or detect anomalies in a timely manner. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement in the annual or interim financial statements of the Fund will not be avoided or detected in a timely manner.
Our review of the Fund’s internal control over financial reporting served the limited objective described in the first paragraph and would not necessarily reveal all of the internal control weaknesses that could constitute material weaknesses according to the standards established by the PCAOB. However, we did not identify any weaknesses in the Fund’s internal control over financial reporting and operation, including
controls on the safeguard of securities, which we consider to be a material weakness, as defined above, as of July 31, 2021.
This report is intended only for the information and use of the management and shareholders of The Investment House Growth Fund, the Board of Directors of The Investment House Funds and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than those specified parts.
/ S / BBD, LLP
September 21, 2021