Schedule of Investments | |||||||
September 30, 2020 (unaudited) | |||||||
America First Income Fund | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Shares or Principal |
|
|
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
|
|
|
|
|
| ||
Common Stocks - 78.82% | |||||||
|
|
|
|
|
|
|
|
Beverages - 3.83% |
|
|
|
|
|
| |
The Coca-Cola Co. |
|
|
| 5,347 |
| 263,981 | |
|
|
|
|
|
|
|
|
Cigarettes - 8.76% |
|
|
|
|
|
| |
Altria Group, Inc. |
|
|
| 7,482 |
| 289,104 | |
Vector Group Ltd. |
|
|
| 32,500 |
| 314,925 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 604,029 |
|
|
|
|
|
|
|
|
Computer & Office Equipment - 4.68% |
|
|
|
|
| ||
International Business Machines Corp. |
|
| 2,654 |
| 322,912 | ||
|
|
|
|
|
|
|
|
Computer Communications Equipment - 3.53% |
|
|
|
|
| ||
Cisco Systems, Inc. |
|
|
| 6,179 |
| 243,391 | |
|
|
|
|
|
|
|
|
Electric & Other Services Combined - 5.18% |
|
|
|
|
| ||
Consolidated Edison, Inc. |
|
|
| 4,587 |
| 356,869 | |
|
|
|
|
|
|
|
|
Electric Services - 14.31% |
|
|
|
|
| ||
Dominion Energy, Inc. |
|
|
| 4,172 |
| 329,296 | |
Edison International |
|
|
| 6,236 |
| 317,038 | |
Southern Company (The) |
|
|
| 6,272 |
| 340,068 | |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 986,402 |
|
|
|
|
|
|
|
|
Fire, Marine & Casualty Insurance - 4.08% |
|
|
|
|
| ||
AMERISAFE, Inc. |
|
|
| 4,904 |
| 281,293 | |
|
|
|
|
|
|
|
|
Miscellaneous Manufacturing Industries - 4.74% |
|
|
|
|
| ||
Amcor Plc. |
|
|
|
| 29,591 |
| 326,981 |
|
|
|
|
|
|
|
|
Natural Gas Distribution - 8.47% |
|
|
|
|
| ||
South Jersey Industries, Inc. |
|
| 14,775 |
| 284,714 | ||
Spire Inc. |
|
|
|
| 5,622 |
| 299,090 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 583,804 |
|
|
|
|
|
|
|
|
Pharmaceutical Preparations - 8.39% |
|
|
|
|
| ||
AbbVie, Inc. |
|
|
|
| 3,417 |
| 299,295 |
Pfizer, Inc. |
|
|
|
| 7,614 |
| 279,434 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 578,729 |
|
|
|
|
|
|
|
|
Surgical & Medical Instruments & Apparatus - 3.91% |
|
|
|
|
| ||
3M Co. |
|
|
|
| 1,683 |
| 269,583 |
|
|
|
|
|
|
|
|
Wholesale-Drugs Proprietaries & Druggists' Sundries - 4.39% |
|
|
|
|
| ||
Cardinal Health, Inc. |
|
|
| 6,447 |
| 302,687 | |
|
|
|
|
|
|
|
|
Wholesale-Industrial Machinery & Equipment - 4.56% |
|
|
|
|
| ||
MSC Industrial Direct Co., Inc. |
|
| 4,966 |
| 314,248 | ||
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
| (Cost $ 5,577,368) |
| 5,434,909 | |
|
|
|
|
|
|
|
|
Corporate Bonds - 0.10% | |||||||
|
|
|
| ||||
RGS AEGCO Funding Corp., 9.810%, 12/07/2021 | 6,443 |
| 6,701 | ||||
|
|
|
| ||||
Total Corporate Bonds | (Cost $ 6,662) |
| 6,701 | ||||
|
|
|
| ||||
Publicly Traded Limited Partnerships - 4.09% |
|
|
|
|
| ||
|
|
|
| ||||
Pipe Lines (No Natural Gas) - 4.09% |
|
|
|
|
| ||
MPLX LP |
|
|
|
| 17,913 |
| 281,951 |
|
|
|
| ||||
Total Publicly Traded Limited Partnerships | (Cost $ 320,949) |
| 281,951 | ||||
|
|
|
| ||||
Real Estate Investment Trusts - 18.13% | |||||||
|
|
|
| ||||
Essex Property Trust, Inc. | 1,512 |
| 303,594 | ||||
National Retail Properties, Inc. | 9,235 |
| 318,700 | ||||
Realty Income Corp. |
|
|
| 5,276 |
| 320,517 | |
W.P. Carey, Inc. | 4,718 |
| 307,425 | ||||
|
|
|
| ||||
Total Real Estate Investment Trusts | (Cost $ 1,311,955) |
| 1,250,236 | ||||
|
|
|
|
|
|
|
|
|
|
|
| ||||
Total Investments - 101.14% | (Cost $ 7,216,833) |
| 6,973,797 | ||||
|
|
|
| ||||
Liabilities in Excess of Other Assets - -1.14% |
|
| (78,754) | ||||
|
|
|
| ||||
Total Net Assets - 100.00% |
|
| 6,895,043 | ||||
|
|
|
| ||||
|
|
|
|
|
|
|
|
(1) Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments. | |||||||
These inputs are summarized in the three broad levels listed below. | |||||||
• Level 1 - quoted prices in active markets for identical securities | |||||||
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.) | |||||||
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments) | |||||||
| |||||||
The following is a summary of the inputs used as of September 30, 2020 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 6,967,096 | $ | - | |
Level 2 - Other Significant Observable Inputs |
|
| 6,701 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
| - |
| - | ||
Total |
|
|
| $ | 6,973,797 | $ | 0 |
|
|
|
|
|
|
|
|
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term | |||||||
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment | |||||||
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active | |||||||
market, such securities are reflected as Level 2. | |||||||
|
|
|
|
|
|
|
|
(2) Represents non-income producing securities. | |||||||
(3) All or a portion of this security is on loan. | |||||||
(4) Investment purchased with cash received as securities lending collateral. The yield shown represents the 7-day yield in effect at September 30, 2020. | |||||||
(5) Investment in affiliate. The yield shown represents the 7-day yield in effect at September 30, 2020. | |||||||
(6) Assets of affiliates to the Conservative Allocation Fund held for the benefit of the Fund's Trustees in connection with the Trustees Deferred Compensation Plan. | |||||||
(7) Fair valued security deemed as Level 3 security. | |||||||
(8) Exchange-traded fund. | |||||||
(9) Other financial instruments are derivative instruments not reflected in the Schedule of Investments, such as futures contracts, which are valued at the unrealized | |||||||
appreciation/depreciation on the instrument. |
- Company Dashboard
- Filings
-
NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Income Fund (Sep 2020 report)
Filed: 24 Nov 20, 12:46pm