Schedule of Investments | |||||||
September 30, 2021 (unaudited) | |||||||
AmericaFirst Income 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 - 58.76% | |||||||
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Accident & Health Insurance - 2.59% |
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Principal Financial Group, Inc. |
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| 3,784 |
| 243,690 | ||
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Beverages - 2.44% |
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The Coca-Cola Co. |
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| 4,369 |
| 229,241 | |
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Biological Products (No Diagnostic Substances) - 2.58% |
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Gilead Sciences, Inc. |
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| 3,468 |
| 242,240 | |
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Cigarettes - 4.81% |
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Altria Group, Inc. |
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| 4,999 |
| 227,555 | |
Philip Morris International, Inc. |
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| 2,370 |
| 224,652 | ||
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| 452,207 |
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Computer & Office Equipment - 2.42% |
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International Business Machines Corp. |
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| 1,634 |
| 227,012 | ||
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Converted Paper & Paperboard Prods (No Containers/Boxes) - 2.45% |
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Kimberly-Clark Corp. |
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| 1,740 |
| 230,446 | |
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Electric Services - 2.63% |
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NRG Energy, Inc. |
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| 6,053 |
| 247,144 | |
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Food & Kindred Products - 2.19% |
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Campbell Soup Co. |
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| 4,921 |
| 205,747 | |
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Grain Mill Products - 4.90% |
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General Mills, Inc. |
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| 3,804 |
| 227,556 | |
Kellogg Co. |
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| 3,647 |
| 233,116 |
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| 460,672 |
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Investment Advice - 2.36% |
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Franklin Resources, Inc. |
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| 7,455 |
| 221,563 | |
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Life Insurance - 2.59% |
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MetLife, Inc. |
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| 3,949 |
| 243,772 |
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National Commercial Banks - 2.70% |
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Regions Financial Corp. |
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| 11,901 |
| 253,610 | |
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Paper Mills - 2.35% |
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International Paper Co. |
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| 3,946 |
| 220,660 | |
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Pharmaceutical Preparations - 5.23% |
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AbbVie, Inc. |
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| 2,355 |
| 254,034 |
Merck & Co., Inc. |
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| 3,163 |
| 237,573 | |
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| 491,607 |
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Retail-Apparel & Accessory Stores - 2.26% |
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Hanesbrands, Inc. |
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| 12,352 |
| 211,960 | |
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Services-Advertising Agencies - 5.12% |
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Omnicom Group, Inc. |
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| 2,949 |
| 213,684 | |
The Interpublic Group of Cos., Inc. |
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| 7,285 |
| 267,141 | ||
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| 480,825 |
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Services-Business Services, Nec - 2.18% |
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The Western Union Co. |
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| 10,150 |
| 205,233 | |
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Telephone Communications (No Radio Telephone) - 4.81% |
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AT&T, Inc. |
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| 8,236 |
| 222,454 |
Verizon Communications, Inc. |
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| 4,250 |
| 229,542 | ||
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| 451,996 |
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Wholesale-Drugs Proprietaries & Durggists' Sundries - 2.14% |
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Cardinal Health, Inc. |
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| 4,056 |
| 200,610 | |
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Total Common Stock |
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| (Cost $ 5,621,049) |
| 5,520,235 | |
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Corporate Bonds - 0.07% | |||||||
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RGS AEGCO Funding Corp., 9.810%, 12/7/2021 | 6,223 |
| 6,252 | ||||
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Total Corporate Bonds | (Cost $ 6,231) |
| 6,252 | ||||
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Real Estate Invesstment Trusts - 2.56% | |||||||
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Healthpeak Properties, Inc. | 7,187 |
| 240,621 | ||||
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Total Real Estate Investment Trusts | (Cost $ 254,049) |
| 240,621 | ||||
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Exchange Traded Funds - 33.53% | |||||||
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iShares 10-20 Year Treasury Bond ETF | 6,118 |
| 899,774 | ||||
iShares 20+ Year Treasury Bond ETF | 3,110 |
| 448,835 | ||||
iShares 7-10 Year Treasury Bond ETF | 7,799 |
| 898,601 | ||||
SPDR Bloomberg Barclays High Yield Bond ETF | 4,114 |
| 449,907 | ||||
VanEck Vectors Fallen Angel High Yield Bond ETF | 13,710 |
| 453,116 | ||||
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Total Exchange Traded Funds | (Cost $ 3,218,521) |
| 3,150,233 | ||||
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Money Market Registered Investment Companies - 6.52% | |||||||
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Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 0.02% (5) | 612,663 |
| 612,908 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 612,908) |
| 612,908 | ||||
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Total Investments - 101.45% | (Cost $ 9,712,758) |
| 9,530,249 | ||||
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Liabilities in Excess of Other Assets - -1.45% |
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| (136,264) | ||||
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Total Net Assets - 100.00% |
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| 9,393,985 | ||||
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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 September 30, 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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| $ | 9,523,996 | $ | - | |
Level 2 - Other Significant Observable Inputs |
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| 6,252 |
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Level 3 - Significant Unobservable Inputs |
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Total |
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| $ | 9,530,249 | $ | 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 September 30, 2021. | |||||||
(5) Investment in affiliate. The yield shown represents the 7-day yield in effect at September 30, 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 (Sep 2021 report)
Filed: 12 Nov 21, 11:23am