Schedule of Investments | |||||||
September 30, 2022 (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 - 56.32% | |||||||
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Canned, Fruits, Veg & Preserves, Jams & Jellies - 1.01% |
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Seneca Foods Corporation (2) | 1,258 |
| 63,453 | ||||
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Electric Services - 2.30% |
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Portland General Electric Co. | 3,289 |
| 142,940 | ||||
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General Building Contractors - Residential Buildings - 1.94% |
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Fortune Brands Home & Security, Inc. (2) | 2,238 |
| 120,158 | ||||
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General Industrial Machinery & Equipment, Nec - 2.63% |
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Nordson Corporation (2) | 767 |
| 162,811 | ||||
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Industrial Organic Chemicals - 1.08% |
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FutureFuel Corp. (2) | 11,093 |
| 67,002 | ||||
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Lumber & Wood Products (No Furniture) - 1.00% |
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Koppers Holdings, Inc. (2) | 2,970 |
| 61,717 | ||||
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Measuring & Controlling Devices, Nec - 4.45% |
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Thermo Fisher Scientific, Inc. | 270 |
| 136,941 | ||||
Trimble, Inc. (2) |
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| 2,561 |
| 138,985 | |
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| 275,926 |
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Paints, Varnishes, Lacquers, Enamels & Allied Products - 2.72% |
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RPM International, Inc. (2) | 2,023 |
| 168,536 | ||||
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Pharmaceutical Preparations - 4.64% |
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Collegium Pharmaceutical, Inc. (2) | 9,242 |
| 148,057 | ||||
Innoviva, Inc. (2) |
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| 12,002 |
| 139,343 | |
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| 287,400 |
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Primary Production of Aluminum - 0.77% |
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Century Aluminum Company (2) | 9,001 |
| 47,525 | ||||
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Pumps & Pumping Equipment - 2.32% |
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Graco, Inc. (2) | 2,394 |
| 143,520 | ||||
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Retail-Grocery Stores - 2.76% |
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Sprouts Farmers Market, Inc. (2) | 6,167 |
| 171,134 | ||||
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Retail-Shoe Stores - 0.96% |
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Genesco, Inc. (2) | 1,513 |
| 59,491 | ||||
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Retail-Variety Stores - 2.58% |
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Walmart, Inc. | 1,233 |
| 159,920 | ||||
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Rolling Drawing & Extruding of Nonferrous Metals - 1.02% |
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Tredgar Corporation (2) | 6,722 |
| 63,456 | ||||
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Search, Detection, Navigation, Guidance, Aeronautical Systems - 2.56% |
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Northrop Grumman Corp. | 337 |
| 158,498 | ||||
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Security Brokers, Dealers & Flotation Companies - 1.95% |
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MarketAxess Holdings, Inc. (2) | 544 |
| 121,035 | ||||
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Services-Banking - 1.05% |
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Hanmi Financial Corporation | 2,743 |
| 64,954 | ||||
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Services-Computer Programming Services - 3.31% |
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EPAM Systems, Inc. (2) | 566 |
| 205,000 | ||||
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Services-Employment Agencies - 0.96% |
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Heidrick & Struggles International, Inc. (2) | 2,293 |
| 59,595 | ||||
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Services-Help Supply Services - 0.97% |
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TrueBlue, Inc. (2) | 3,154 |
| 60,178 | ||||
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Services-Prepackaged Software - 4.14% |
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Ceridian HCM Holding, Inc. (2) | 2,267 |
| 126,680 | ||||
Tyler Technologies, Inc. (2) |
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| 374 |
| 129,965 | ||
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| 256,645 |
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Services-To Dwellings & Other Buildings - 2.99% |
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Rollins, Inc. (2) | 5,345 |
| 185,365 | ||||
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Specialty Cleaning, Polishing & Sanitation Preparations - 2.45% |
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Clorox Co. (2) | 1,181 |
| 151,629 | ||||
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Wholesale-Computer & Peripheral Equipment & Software - 0.94% |
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ScanSource, Inc. (2) | 2,211 |
| 58,393 | ||||
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Wholesale-Drugs Proprietaries & Durggists' Sundries - 2.82% |
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McKesson Corp. | 515 |
| 175,033 | ||||
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Total Common Stock |
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| (Cost $ 3,766,223) |
| 3,491,314 | |
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Money Market Registered Investment Companies - 1.26% | |||||||
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Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 2.97% (3) |
| 78,241 |
| 78,241 | |||
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Total Money Market Registered Investment Companies |
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| (Cost $ 78,241) |
| 78,241 | ||
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Exchange-Traded Funds - 42.42% | |||||||
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Consumer Discretionary Select Sector SPDR Fund (3) | 775 |
| 110,399 | ||||
Consumer Staples Select Sector SPDR Fund (3) | 2,386 |
| 159,218 | ||||
Financial Select Sector SPDR Fund (3) | 3,798 |
| 115,307 | ||||
Health Care Select Select Sector SPDR Fund (3) | 1,272 |
| 154,052 | ||||
Invesco DB USD Index Bullish (2) (3) | 18,170 |
| 547,825 | ||||
iShares U.S. Real Estate ETF (3) | 1,333 |
| 108,533 | ||||
Materials Select Sector SPDR Fund (3) | 1,684 |
| 114,529 | ||||
ProShares Short MSCI EAFE (2) (3) | 24,497 |
| 579,844 | ||||
ProShares Short S&P 500 ETF (2) (3) | 33,988 |
| 587,313 | ||||
Utilities Select Sector SPDR Fund (3) | 2,324 |
| 152,245 | ||||
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Total Exchange-Traded Funds | (Cost $ 2,500,767) |
| 2,629,265 | ||||
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Total Investments - 99.80% | (Cost $ 6,6345,231) |
| 6,198,820 | ||||
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Other Assets Less Liabilities - .20% |
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| 12,705 | ||||
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Total Net Assets - 100.00% |
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| 6,211,525 | ||||
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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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| $ | 6,198,820 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
| $ | 0 |
| 0 | ||
Level 3 - Significant Unobservable Inputs |
| $ | 0 |
| 0 | ||
Total |
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| $ | 6,198,820 | $ | 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) Exchange-traded fund. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Monthly Risk-On Risk-Off Fund (Sep 2022 report)
Filed: 4 Nov 22, 4:00pm