Schedule of Investments | |||||||
March 31, 2021 (unaudited) | |||||||
AmericaFirst Income Fund Class A | |||||||
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| Shares or Principal |
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Security Description |
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| Amount ($) |
| Fair Value ($)(1) | ||
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Common Stocks - 79.50% | |||||||
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Arrangement Of Transportation Of Freight & Cargo - 1.95% |
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C.H. Robinson Worldwide, Inc. |
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| 1,655 |
| 157,937 | ||
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Biological Products (No Diagnostic Substances) - 3.86% |
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Biogen, Inc. (2) |
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| 551 |
| 154,142 | |
Gilead Sciences, Inc. |
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| 2,449 |
| 158,279 | |
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| 312,421 |
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Cable & Other Pay Television Services - 1.87% |
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Charter Communications, Inc. - Class A (2) |
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| 245 |
| 151,170 | ||
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Cigarettes - 2.18% |
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Altria Group, Inc. |
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| 3,449 |
| 176,451 | |
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Computer & Office Equipment - 2.08% |
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International Business Machines Corp. |
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| 1,264 |
| 168,441 | ||
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Computer Communications Equipment - 2.02% |
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Juniper Networks, Inc. |
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| 6,459 |
| 163,606 | |
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Computer Storage Devices - 1.95% |
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Seagate Technology PLC |
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| 2,053 |
| 157,568 | |
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Converted Paper & Paperboard Prods (No Containers/Boxes) - 2.02% |
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Kimberly-Clark Corp. |
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| 1,172 |
| 162,967 | |
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Crude Petroleum & Natural Gas - 1.89% |
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Cabot Oil & Gas Corp. |
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| 8,124 |
| 152,569 | |
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Electric & Other Services Combined - 4.18% |
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Duke Energy Corp. |
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| 1,757 |
| 169,603 | |
Public Service Enterprise Group, Inc. |
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| 2,793 |
| 168,167 | ||
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| 337,770 |
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Electric Services - 8.07% |
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Dominion Energy, Inc. |
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| 2,201 |
| 167,188 | |
NRG Energy, Inc. |
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| 4,119 |
| 155,410 | |
PPL Corp. |
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| 5,741 |
| 165,570 |
The Southern Co. |
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| 2,651 |
| 164,786 | |
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| 652,954 |
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Gas & Other Services Combined - 2.12% |
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Sempra Energy |
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| 1,296 |
| 171,824 | |
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Grain Mill Products - 4.13% |
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General Mills, Inc. |
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| 2,733 |
| 167,587 | |
Kellogg Co. |
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| 2,632 |
| 166,606 |
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| 334,193 |
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Meat Packing Plants - 1.92% |
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Hormel Foods Corp. |
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| 3,243 |
| 154,950 | |
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National Commercial Banks - 1.96% |
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Comerica, Inc. |
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| 2,208 |
| 158,402 | |
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Pharmaceutical Preparations - 9.69% |
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AbbVie, Inc. |
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| 1,396 |
| 151,075 |
Merck & Co., Inc. |
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| 2,071 |
| 159,653 | |
Pfizer, Inc. |
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| 4,490 |
| 162,673 |
Regeneron Pharmaceuticals, Inc. (2) |
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| 334 |
| 158,029 | ||
Vertex Pharmaceuticals, Inc. (2) |
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| 707 |
| 151,927 | ||
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| 783,357 |
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Plastics Products, Nec - 1.49% |
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Newell Brands, Inc. |
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| 4,490 |
| 120,242 | |
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Radio Telephone Communications - 1.94% |
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T-Mobile US, Inc. (2) |
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| 1,253 |
| 156,988 | |
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Retail-Building Materials, Hardware, Garden Supply - 2.07% |
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Tractor Supply Co. |
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| 946 |
| 167,518 | |
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Retail-Variety Stores - 1.99% |
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Dollar General Corp. |
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| 796 |
| 161,285 | |
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Search, Detection, Navigation, Guidance, Aeronautical Sys - 1.98% |
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Garmin Ltd. |
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| 1,212 |
| 159,802 |
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Semiconductors & Related Devices - 1.96% |
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Intel Corp. |
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| 2,474 |
| 158,336 |
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Services-Business Services, Nec - 3.99% |
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eBay, Inc. |
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| 2,665 |
| 163,205 |
The Western Union Co. |
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| 6,476 |
| 159,698 | |
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| 322,903 |
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Services-Computer Programming, Data Processing, Etc. - 2.13% |
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Facebook, Inc. Class A (2) |
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| 584 |
| 172,006 | ||
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Services-Prepackaged Software - 1.88% |
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Electronic Arts, Inc. |
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| 1,122 |
| 151,885 | |
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Specialty Cleaning, Polishing And Sanitation Preparations - 1.98% |
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Clorox Co. |
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| 831 |
| 160,283 |
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Surgical & Medical Instruments & Apparatus - 2.05% |
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3M Co. |
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| 859 |
| 165,512 |
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Telephone Communications (No Radio Telephone) - 1.96% |
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Verizon Communications, Inc. |
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| 2,719 |
| 158,110 | ||
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Wholesale-Drugs Proprietaries & Druggists' Sundries - 2.19% |
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Cardinal Health, Inc. |
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| 2,919 |
| 177,329 | |
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Total Common Stock |
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| (Cost $ 6,066,360) |
| 6,428,779 | |
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Corporate Bonds - 0.08% | |||||||
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RGS AEGCO Funding Corp., 9.810%, 12/7/2021 | 62,223 |
| 6,466 | ||||
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Total Corporate Bonds | (Cost $ 6,334) |
| 6,466 | ||||
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Real Estate Invesstment Trusts - 17.58% | |||||||
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AvalonBay Communities, Inc. | 856 |
| 157,941 | ||||
Digital Realty Trust, Inc. |
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| 1,116 |
| 157,177 | |
Equity Residential |
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| 2,299 |
| 164,677 | |
Iron Mountain, Inc. |
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| 4,322 |
| 159,957 | |
Public Storage |
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| 643 |
| 158,667 | |
Simon Property Group, Inc. |
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| 1,332 |
| 151,542 | ||
SL Green Realty Corp. |
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| 2,177 |
| 152,368 | |
UDR, Inc. |
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| 3,652 |
| 160,177 |
Vornado Realty Trust |
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| 3,502 |
| 158,956 | |
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Total Real Estate Investment Trusts | (Cost $ 1,381,640) |
| 1,421,462 | ||||
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Money Market Registered Investment Companies - 3.05% | |||||||
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Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 0.05% (5) | 246,725 |
| 246,824 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 246,830) |
| 246,824 | ||||
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Total Investments - 100.21% | (Cost $ 7,701,164) |
| 8,103,531 | ||||
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Liabilities in Excess of Other Assets - -.21% |
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| (16,617) | ||||
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Total Net Assets - 100.00% |
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| 8,086,914 | ||||
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(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) | |||||||
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The following is a summary of the inputs used as of March 31, 2021 in valuing the Fund's assets carried at fair value: | |||||||
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| Investments in |
| Other Financial |
Valuation Inputs |
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| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
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| $ | 8,097,065 | $ | - | |
Level 2 - Other Significant Observable Inputs |
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| 6,466 |
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Level 3 - Significant Unobservable Inputs |
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| - |
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Total |
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| $ | 8,103,531 | $ | 0 |
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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. | |||||||
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(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 March 31, 2021. | |||||||
(5) Investment in affiliate. The yield shown represents the 7-day yield in effect at March 31, 2021. | |||||||
(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. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Income Fund (Mar 2021 report)
Filed: 26 May 21, 11:34am