PFS Funds NPORT-P Conquer Risk Managed Volatility Fund (Sep 2024 report)

Conquer Risk Managed Volatility Fund
		Schedule of Investments
	September 30, 2024 (Unaudited)
Shares			Fair Value	% of Net Assets
EXCHANGE TRADED FUNDS
Equity
23,761	Vanguard S&P 500 ETF		$  12,537,967		10.01%
High Yield Bond
1,667,136	iShares Broad USD High Yield Corporate Bond ETF *		62,767,670
552,040	VanEck® Emerging Markets High Yield Bond ETF		10,980,076
			73,747,746		58.69%
Total for Exchange Traded Funds (Cost - $84,629,634)			86,285,713		68.90%
MONEY MARKET FUNDS
38,907,463	Goldman Sachs FS Government Fund Institutional  - 4.78% ** +		38,907,463		31.07%
Total for Money Market Funds (Cost - $38,907,463)
	Total Investments (Cost - $123,537,097)		125,193,176		99.97%
	Other Assets in Excess of Liabilities		36,820		0.03%
	Net Assets		$125,229,996		100.00%
* Additional Information, including current Prospectus and Annual Reports, is available at
https://www.ishares.com/us/products/291299/ishares-broad-usd-high-yield-corporate-bond-etf
** Additional Information, including current Prospectus and Annual Reports, is available at
https://www.gsam.com/content/gsam/us/en/liquidity-solutions/fund-center/fund-finder/gs-financial-square-government-fund.html
+ The rate shown represents the 7-day yield at September 30, 2024.