Schedule of Investments | |||||||
September 30, 2021 (unaudited) | |||||||
AmericaFirst Risk-On Risk-Off Fund | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
| Shares or Principal |
|
|
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
|
|
|
|
|
| ||
Common Stocks - 52.09% | |||||||
|
|
|
|
|
|
|
|
Accident & Health Insurance - 2.49% |
|
|
|
|
| ||
Principal Financial Group, Inc. | 3,496 |
| 225,142 | ||||
|
|
|
|
|
|
|
|
Air Transportation, Scheduled - 0.02% |
|
|
|
|
| ||
AMR Corp. (2) | 80,929 |
| 1,619 | ||||
|
|
|
|
|
|
|
|
Commercial Banks, Nec - 2.59% |
|
|
|
|
| ||
Bank of Montreal | 2,347 |
| 234,066 | ||||
|
|
|
|
|
|
|
|
Finance Lessors - 2.49% |
|
|
|
|
| ||
Ally Financial, Inc. | 4,415 |
| 225,386 | ||||
|
|
|
|
|
|
|
|
Fire, Marine & Casualty Insurance - 2.36% |
|
|
|
|
| ||
American Financial Group, Inc. | 1,693 |
| 213,030 | ||||
American International Group, Inc. | 4,281 |
| 234,984 | ||||
Berkshire Hathaway, Inc. Class B (2) | 648 |
| 176,865 | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 624,879 |
Investment Advice - 2.50% |
|
|
|
|
| ||
Ameriprise Financial, Inc. | 856 |
| 226,087 | ||||
|
|
|
|
|
|
|
|
Motor Vehicles & Passenger Car Bodies - 2.64% |
|
|
|
|
| ||
Toyota Motor Corp. (2) | 1,341 |
| 238,363 | ||||
|
|
|
|
|
|
|
|
National Commercial Banks - 2.69% |
|
|
|
|
| ||
Regions Financial Corp. | 11,432 |
| 243,616 | ||||
|
|
|
|
|
|
|
|
Operative Builders - 2.27% |
|
|
|
|
| ||
D.R. Horton, Inc. | 2,443 |
| 205,139 | ||||
|
|
|
|
|
|
|
|
Railroads, Line-Haul Operating - 2.44% |
|
|
|
|
| ||
Canadian Pacific Railway Ltd. | 3,395 |
| 220,913 | ||||
|
|
|
|
|
|
|
|
Real Estate - 2.61% |
|
|
|
|
|
| |
CBRE Group, Inc. (2) | 2,425 |
| 236,098 | ||||
|
|
|
|
|
|
|
|
Refrigeration & Service Industry Machinery - 2.41% |
|
|
|
|
| ||
The Middleby Corp. (2) | 1,277 |
| 217,741 | ||||
|
|
|
|
|
|
|
|
Retail-Catalog & Mail-Order Houses - 2.34% |
|
|
|
|
| ||
CDW Corp. | 1,164 |
| 211,871 | ||||
|
|
|
|
|
|
|
|
Security Brokers, Dealers & Flotation Companies - 2.56% |
|
|
|
|
| ||
Raymond James Financial, Inc. | 2,505 |
| 231,161 | ||||
|
|
|
|
|
|
|
|
Services-Business Services, Nec - 2.46% |
|
|
|
|
| ||
Fidelity National Informations Services, Inc. | 1,828 |
| 222,431 | ||||
Global Payments, Inc. | 1,436 |
| 226,285 | ||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 448,716 |
Services-Management Services - 2.54% |
|
|
|
|
| ||
Gartner, Inc. (2) | 757 |
| 230,037 | ||||
|
|
|
|
|
|
|
|
Specialty Industry Machinery, Nec - 2.43% |
|
|
|
|
| ||
Lam Research Corp. | 386 |
| 219,692 | ||||
|
|
|
|
|
|
|
|
State Commercial Banks - 2.73% |
|
|
|
|
| ||
East West Bancorp, Inc. | 3,185 |
| 246,965 | ||||
|
|
|
|
|
|
|
|
Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies - 2.47% |
|
|
|
| |||
LKQ Corp. (2) | 4,433 |
| 223,069 | ||||
|
|
|
|
|
|
|
|
Total Common Stock |
|
|
| (Cost $ 5,311,336) |
| 4,710,560 | |
|
|
|
|
|
|
|
|
Exchange-Traded Funds - 49.49% | |||||||
|
|
|
| ||||
iShares 7-10 Year Treasury Bond ETF | 19,934 |
| 2,296,795 | ||||
iShares 10-20 Year Treasury Bond ETF | 14,815 |
| 2,178,842 | ||||
|
|
|
| ||||
Total Exchange-Traded Funds | (Cost $ 4,616,576) |
| 4,475,637 | ||||
|
|
|
| ||||
Total Investments - 101.59% | (Cost $ 9,927,912) |
| 9,186,197 | ||||
|
|
|
| ||||
Liabilities In Excess Of Other Assets - -1.59% |
|
| (143,448) | ||||
|
|
|
| ||||
Total Net Assets - 100.00% |
|
| 9,042,749 | ||||
|
|
|
| ||||
|
|
|
|
|
|
|
|
(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, 2021 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 9,184,578 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
|
| 1,619 |
| - | ||
Level 3 - Significant Unobservable Inputs |
|
|
|
| - | ||
Total |
|
|
| $ | 9,186,197 | $ | 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, 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. | |||||||
(*) Indicates an illiquid and fair valued security. |
|
|
|
|
|
- Company Dashboard
- Filings
-
NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Monthly Risk-On Risk-Off Fund (Sep 2021 report)
Filed: 12 Nov 21, 11:26am