Schedule of Investments | |||||||
September 30, 2022 (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 - 58.85% | |||||||
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Accident & Health Insurance - 1.41% |
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Principal Financial Group, Inc. |
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| 3,345 |
| 241,342 | ||
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Biological Products (No Diagnostic Substances) - 1.39% |
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Gilead Sciences, Inc. |
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| 3,865 |
| 238,432 | |
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Canned, Frozen & Preserved Fruit, Veg & Food Specialties - 1.30% |
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The Kraft Heinz Co. (2) |
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| 6,614 |
| 220,577 | |
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Computer & Office Equipment - 3.92% |
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Hewlett Packard Enterprise Co. |
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| 18,668 |
| 223,643 | ||
HP Inc. |
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| 8,860 |
| 220,791 |
International Business Machines Corp. (2) |
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| 1,871 |
| 222,293 | ||
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| 666,727 |
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Computer Communications Equipment - 1.28% |
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Cisco Systems, Inc. |
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| 5,426 |
| 217,040 | |
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Crude Petroleum & Natural Gas - 3.85% |
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Coterra Energy, Inc. |
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| 8,219 |
| 214,680 | |
Devon Energy Corporation |
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| 3,696 |
| 222,240 | ||
Pioneer Natural Resources Company |
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| 1,006 |
| 217,829 | ||
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| 654,749 |
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Electric Services - 1.36% |
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NRG Energy, Inc. |
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| 6,056 |
| 231,763 | |
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Entertainment - 1.12% |
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Paramount Global Class A |
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| 8,837 |
| 190,349 | ||
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Food & Kindred Products - 1.39% |
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Conagra Brands, Inc. (2) |
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| 7,251 |
| 236,600 | |
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Games, Toys & Children's Vehicles (No Dolls & Bicycles) - 1.24% |
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Hasbro, Inc. (2) |
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| 3,122 |
| 210,485 | |
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Industrial Organic Chemicals - 1.35% |
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LyondellBasell Industries NV Class A |
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| 3,042 |
| 229,002 | ||
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Investment Advice - 1.21% |
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Franklin Resources, Inc. |
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| 9,553 |
| 205,581 | |
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Life Insurance - 1.32% |
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Prudential Financial, Inc. (2) |
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| 2,626 |
| 225,258 | ||
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Men's & Boys' Furnishings, Work Clothing & Allied Garments - 1.06% |
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V.F. Corporation |
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| 6,028 |
| 180,297 | |
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Miscellaneous Manufacturing Industries - 1.30% |
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Amcor PLC |
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| 20,674 |
| 221,832 |
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Motor Vehicles & Passenger Car Bodies - 1.09% |
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Ford Motor Co. |
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| 16,626 |
| 186,211 | |
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National Commercial Banks - 1.46% |
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Huntington Bancshares Incorporated |
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| 18,825 |
| 248,114 | ||
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National Gas Transmission - 3.96% |
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Kinder Morgan, Inc. (2) |
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| 13,748 |
| 228,767 | |
The Williams Cos., Inc. |
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| 7,432 |
| 212,778 | |
Truist Financial Corp. |
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| 5,321 |
| 231,676 | |
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| 673,221 |
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Natural Gas Transmission & Distribution - 1.26% |
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ONEOK, Inc. |
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| 4,176 |
| 213,978 |
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Paperboard Containers & Boxes - 1.20% |
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Packaging Corporation |
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| 1,818 |
| 204,143 | |
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Paper Mills - 1.05% |
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International Paper Co. (2) |
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| 5,631 |
| 178,503 | ||
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Petroleum Refining - 6.71% |
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Chevron Corp. |
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| 1,457 |
| 209,327 | |
ConocoPhillips |
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| 2,324 |
| 237,838 | |
Exxon Mobil Corp. |
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| 2,517 |
| 219,759 | |
Phillips 66 (2) |
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| 2,908 |
| 234,734 | |
Valero Energy Corp. |
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| 2,240 |
| 239,344 | |
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| 1,141,002 |
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Pharmaceutical Preparations - 5.78% |
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AbbVie, Inc. |
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| 1,805 |
| 242,249 |
Bristol-Myers Squibb Co. (2) |
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| 3,628 |
| 257,914 | ||
Merck & Co., Inc. |
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| 2,864 |
| 246,648 | |
Pfizer, Inc. (2) |
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| 5,393 |
| 235,998 | |
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| 982,809 |
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Plastics, Materials, Synth Resins & Nonvulvan Elastomers - 1.29% |
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Dow, Inc. |
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| 4,991 |
| 219,255 |
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Semiconductors & Related Devices - 1.19% |
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Intel Corp. (2) |
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| 7,877 |
| 202,990 | |
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Services-Advertising Agencies - 2.75% |
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Omnicom Group, Inc. |
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| 3,734 |
| 235,578 | |
The Interpublic Group of Cos., Inc. |
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| 9,076 |
| 232,346 | ||
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| 467,924 |
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Specialty Cleaning, Polishing & Sanitation Preparations - 1.29% |
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Clorox Co. (2) |
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| 1,711 |
| 219,675 | |
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State Commercial Banks - 1.32% |
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Northern Trust Corp. |
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| 2,626 |
| 224,681 | |
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Surgical & Medical Instruments & Apparatus - 1.27% |
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3M Co. |
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| 1,963 |
| 216,912 |
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Telephone Communications (No Radio Telephone) - 1.27% |
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AT&T Inc. |
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| 14,046 |
| 215,466 |
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Wholesale-Hardware & Plumbing & Heating Equipment & Supplies - 1.46% |
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Watsco Inc. Class B |
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| 904 |
| 248,220 | |
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Total Common Stock |
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| (Cost $ 11,235,843) |
| 10,013,138 | |
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Real Estate Investment Trusts - 6.67% | |||||||
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AvalonBay Communities, Inc. |
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| 1,239 |
| 228,211 | ||
Euity Residential (2) |
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| 3,404 |
| 228,817 | |
Regency Centers Corporation |
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| 4,103 |
| 220,947 | ||
UDR, Inc. |
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| 5,545 |
| 231,282 |
VICI Properties, Inc. |
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| 7,551 |
| 225,397 | |
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Total Real Estate Investment Trusts | (Cost $ 1,257,709) |
| 1,134,654 | ||||
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Exchange Traded Funds - 30.27% | |||||||
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Invesco Bulletshares 2023 Corporate Bond ETF (2) (4) |
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| 84,032 |
| 1,753,748 | ||
iShares 0-5 Year TIPS Bond ETF (2) (4) | 17,778 |
| 1,708,644 | ||||
iShares 7-10 Year Treasury Bond ETF (4) | 17,586 |
| 1,688,080 | ||||
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Total Exchange Traded Funds | (Cost $ 5,341,024) |
| 5,150,472 | ||||
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Money Market Registered Investment Companies - 4.43% | |||||||
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Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 0.02% (3) | 753,312 |
| 753,312 | ||||
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Total Money Market Registered Investment Companies | (Cost $ 753,312) |
| 753,312 | ||||
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Total Investments - 100.22% | (Cost $ 18,587,888) |
| 17,051,576 | ||||
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Liabilities in Excess of Other Assets - -.22% |
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| (38,113) | ||||
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Total Net Assets - 100.00% |
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| 17,013,463 | ||||
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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, 2022 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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| $ | 17,051,576 | $ | - | |
Level 2 - Other Significant Observable Inputs |
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| 0 |
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Level 3 - Significant Unobservable Inputs |
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| - |
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Total |
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| $ | 17,051,576 | $ | 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) Investment in affiliate. The yield shown represents the 7-day yield in effect at September 30, 2022. | |||||||
(4) Exchange-traded fund. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Income Fund (Sep 2022 report)
Filed: 4 Nov 22, 3:51pm