Schedule of Investments | |||||||
March 31, 2021 (unaudited) | |||||||
AmericaFirst Risk-On Risk-Off Fund | |||||||
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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 - 93.68% | |||||||
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Air Transportation, Scheduled - 0.01% |
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AMR Corp. (*) (2) | 80,929 |
| 809 | ||||
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Aircraft - 4.92% |
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The Boeing Co. (2) | 1,977 |
| 503,581 | ||||
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Beverages - 4.66% |
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The Coca-Cola Co. | 9,042 |
| 476,604 | ||||
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Biological Products (No Diagnostic Substances) - 4.91% |
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Amgen, Inc. | 2,018 |
| 502,099 | ||||
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Cable & Other Pay Television Services - 4.24% |
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The Walt Disney Co. | 2,351 |
| 433,807 | ||||
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Computer & Office Equipment - 4.81% |
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International Business Machines Corp. | 3,693 |
| 492,129 | ||||
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Computer Communications Equipment - 5.06% |
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Cisco Systems, Inc. | 10,014 |
| 517,824 | ||||
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Electronic Computers - 4.42% |
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Apple, Inc. | 3,702 |
| 452,199 | ||||
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Hospital & Medical Service Plans - 4.94% |
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UnitedHealth Group, Inc. | 1,358 |
| 505,271 | ||||
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Motor Vehicle Parts & Accessories - 4.63% |
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Honeywell International, Inc. | 2,183 |
| 473,864 | ||||
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Plastics, Materials, Synth Resins & Nonvulcan Elastomers - 4.54% |
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Dow, Inc. | 7,260 |
| 464,204 | ||||
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Retail-Lumber & Other Building Materials Dealers - 5.24% |
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The Home Depot, Inc. | 1,756 |
| 536,019 | ||||
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Retail-Variety Stores - 4.70% |
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Walmart, Inc. | 3,542 |
| 481,110 | ||||
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Rubber & Plastics Footwear - 4.37% |
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Nike, Inc. Class B | 3,366 |
| 447,308 | ||||
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Security Brokers, Dealers & Flotation Companies - 4.32% |
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The Goldman Sachs Group, Inc. | 1,351 |
| 441,777 | ||||
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Semiconductors & Related Devices - 4.72% |
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Intel Corp. | 7,544 |
| 482,816 | ||||
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Services-Business Services, Nec - 4.35% |
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Visa, Inc. | 2,103 |
| 445,268 | ||||
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Services-Prepackaged Software - 4.58% |
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Microsoft Corp. | 1,986 |
| 468,239 | ||||
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Soap, Detergent, Cleaning Preparations, Perfumes, Cosmetics - 4.86% |
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Procter & Gamble Co. | 3,669 |
| 496,893 | ||||
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Surgical & Medical Instruments & Apparatus - 4.78% |
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3M Co. | 2,538 |
| 489,022 | ||||
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Telephone Communications (No Radio Telephone) - 4.64% |
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Verizon Communications, Inc. | 8,160 |
| 474,504 | ||||
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Total Common Stock |
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| (Cost $ 9,467,741) |
| 9,585,347 | |
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Exchange-Traded Funds - 7.68% | |||||||
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Invesco S&P 500 Equal Weight ETF (8) | 5,544 |
| 785,363 | ||||
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Total Exchange-Traded Funds | (Cost $ 746,041) |
| 785,363 | ||||
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Total Investments - 101.35% | (Cost $ 10,213,782) |
| 10,370,710 | ||||
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Liabilities In Excess Of Other Assets - -1.35% |
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| (138,357) | ||||
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Total Net Assets - 100.00% |
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| 10,232,353 | ||||
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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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| $ | 10,369,901 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
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| 809 |
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Level 3 - Significant Unobservable Inputs |
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Total |
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| $ | 10,370,710 | $ | 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. | |||||||
(*) Indicates an illiquid and fair valued security. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Monthly Risk-On Risk-Off Fund (Mar 2021 report)
Filed: 26 May 21, 11:46am