Schedule of Investments | |||||||
March 31, 2023 (unaudited) | |||||||
AmericaFirst Risk-On Risk-Off Fund | |||||||
Shares or Principal | |||||||
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
| |||||||
Common Stocks - 59.54% | |||||||
Canned, Fruits, Vegetables & Preserves, Jams & Jellies - 0.90% | |||||||
Seneca Foods Corp. Class A (2) | 1,005 | 52,531 | |||||
General Industrial Machinery & Equipment - 5.23% | |||||||
Nordson Corp. | 671 | 149,136 | |||||
Zebra Technologies Corp. (2) | 497 | 158,046 | |||||
307,182 | |||||||
Guided Missiles & Space Vehicles & Parts - 2.73% | |||||||
Lockheed Martin Corp. | 339 | 160,255 | |||||
Measuring & Controlling Devices - 1.93% | |||||||
Trimble, Inc. (2) | 2,164 | 113,437 | |||||
Millwood, Veneer, Plywood, & Structural Wood Members - 2.34% | |||||||
Fortune Brands Innovations, Inc. | 2,337 | 137,252 | |||||
Miscellaneous Primary Metal Products - 1.03% | |||||||
DMC Global, Inc. (2) | 2,763 | 60,703 | |||||
Perfumes, Cosmetics & Other Toilet Preparations - 2.70% | |||||||
Colgate-Palmolive Co. (2) | 2,107 | 158,341 | |||||
Pharmaceutical Preparations - 7.37% | |||||||
Bristol-Myers Squibb Co. (2) | 2,162 | 149,848 | |||||
Corcept Therapeutics, Inc. (2) | 6,870 | 148,804 | |||||
Collegium Pharmaceutical, Inc. (2) | 5,593 | 134,176 | |||||
432,828 | |||||||
Plastics, Materials, Synthetic Resins & Nonvulcan Elastomers - 2.56% | |||||||
Eastman Chemical Co. | 1,781 | 150,210 | |||||
Pumps & Pumping Equipment - 2.63% | |||||||
Graco, Inc. | 2,115 | 154,416 | |||||
Retail-Apparel & Accessory Stores - 0.76% | |||||||
Zumiez, Inc. (2) | 2,432 | 44,846 | |||||
Retail-Shoe Stores- 1.82% | |||||||
Genesco, Inc. (2) | 1,301 | 47,981 | |||||
Shoe Carnival, Inc. | 2,300 | 58,995 | |||||
106,976 | |||||||
Retail-Variety Stores - 2.74% | |||||||
Walmart, Inc. | 1,092 | 161,015 | |||||
Search, Detection, Navigation, Guidance, Aeronautical Systems - 2.76% | |||||||
Northrop Grumman Corp. | 351 | 162,064 | |||||
Security Brokers, Dealers & Flotation Companies - 3.34% | |||||||
MarketAxess Holdings, Inc. | 501 | 196,039 | |||||
Services-Business Services - 1.06% | |||||||
Resources Connection, Inc. | 3,638 | 62,064 | |||||
Services-Computer Programming Services - 2.60% | |||||||
EPAM Systems, Inc. (2) | 510 | 152,490 | |||||
Services-Prepackaged Software - 5.67% | |||||||
Ceridian HCM Holding, Inc. (2) | 1,999 | 146,367 | |||||
Tyler Technologies, Inc. (2) | 526 | 186,540 | |||||
332,907 | |||||||
State Commercial Banks - 1.80% | |||||||
Central Pacific Financial Corp. | 2,780 | 49,762 | |||||
TrustCo Bank Corp. NY (2) | 1,749 | 55,863 | |||||
105,625 | |||||||
Sugar & Confectionery Products - 2.77% | |||||||
Tootsie Roll Industries, Inc. | 3,616 | 162,409 | |||||
Wholesale-Metals Service Centers & Offices - 1.26% | |||||||
Olympic Steel, Inc. | 1,420 | 74,138 | |||||
Wholesale-Drugs Proprietaries & Durggists' Sundries - 2.52% | |||||||
McKesson Corp. | 415 | 147,761 | |||||
Wood Household Furniture (No Upholstered) - 1.02% | |||||||
Ethan Allen Interiors, Inc. | 2,186 | 60,027 | |||||
Total Common Stock | (Cost $ 3,358,991) | 3,495,516 | |||||
Money Market Registered Investment Companies - 0.01% | |||||||
Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 4.85% (4) | 767 | 767 | |||||
Total Money Market Registered Investment Companies | (Cost $ 767) | 767 | |||||
Exchange-Traded Funds - 40.57% | |||||||
Consumer Discretionary Select Sector SPDR Fund (3) | 845 | 126,361 | |||||
Financial Select Sector SPDR Fund (3) | 3,437 | 110,500 | |||||
iShares 10-20 Year Treasury Bond ETF (3) | 4,387 | 502,487 | |||||
iShare International Treasury Bond ETF (2) (3) | 9,782 | 393,334 | |||||
iShares U.S. Real Estate ETF (3) | 1,357 | 115,209 | |||||
Materials Select Sector SPDR Fund (3) | 1,484 | 119,699 | |||||
SPDR Bloomberg High Yield Bond (3) | 5,395 | 500,764 | |||||
SPDR Gold Shares (2) (3) | 2,801 | 513,200 | |||||
Total Exchange-Traded Funds | (Cost $ 2,392,977) | 2,381,554 | |||||
Total Investments - 100.12% | (Cost $ 5,752,735) | 5,877,837 | |||||
Liabilities in Excess of Other Assets - -.12% | (6,953) | ||||||
Total Net Assets - 100.00% | 5,870,884 | ||||||
(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 March 31, 2023 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 5,877,837 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
| $ | 0 | $ | 0 | ||
Level 3 - Significant Unobservable Inputs |
| $ | 0 | $ | 0 | ||
Total |
|
|
| $ | 5,877,837 | $ | 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) Exchange-traded fund. | |||||||
(4) Variable rate security; the rate shown represents the yield at March 31, 2023. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Monthly Risk-On Risk-Off Fund (Mar 2023 report)
Filed: 8 May 23, 1:12pm