Schedule of Investments | |||||||
September 30, 2023 (unaudited) | |||||||
AmericaFirst Risk-On Risk-Off Fund | |||||||
Shares or Principal | |||||||
Security Description |
|
| Amount ($) |
| Fair Value ($)(1) | ||
| |||||||
Common Stocks - 84.41% | |||||||
Automobiles - 1.91% | |||||||
Fisker Inc. (2) | 13,750 | 88,275 | |||||
Banks - 10.66% | |||||||
JPMorgan Chase & Co. | 739 | 107,170 | |||||
Nu Holdings Ltd. (2) | 53,000 | 384,250 | |||||
491,420 | |||||||
Biotechnology - 3.48% | |||||||
TG Therapeutics, Inc. (2) | 19,200 | 160,512 | |||||
Building Products - 3.15% | |||||||
Fortune Brands Innovations, Inc. | 2,337 | 145,268 | |||||
Construction Machinery & Equipment - 1.30% | |||||||
Blue Bird Corporation (2) | 2,811 | 60,015 | |||||
Doll/Stuffed Toy - 0.91% | |||||||
Mattel, Inc. (2) | 1,909 | 42,055 | |||||
Electronic Computers - 1.95% | |||||||
Netflix Inc. (2) | 238 | 89,869 | |||||
Electronic Computers - 1.53% | |||||||
Apple, Inc. | 411 | 70,367 | |||||
Electrical Equipment - 2.31% | |||||||
Enovix Corporation (2) | 8,470 | 106,299 | |||||
Electromedical & Electrotherapeutic Apparatus - 1.93% | |||||||
Medtronic Plc. Ordinary Shares | 1,135 | 88,939 | |||||
Grocery Stores - 1.50% | |||||||
Albertsons Companies, Inc. (2) | 3,048 | 69,342 | |||||
Interactive Media & Services - 6.28% | |||||||
Alphabet, Inc. Class A (2) | 1,088 | 142,376 | |||||
Meta Platforms Inc. Class A (2) | 490 | 147,103 | |||||
289,479 | |||||||
IT Services - 1.56% | |||||||
Rackspace Technology, Inc. (2) | 30,666 | 72,065 | |||||
Motor Vehicles & Passanger Car Bodies- 2.61% | |||||||
Tesla, Inc. (2) | 481 | 120,356 | |||||
Network Equipment - 1.16% | |||||||
Arista Networks Inc. (2) | 290 | 53,340 | |||||
Oil & Gas Field Machinery & Equipment - 3.63% | |||||||
Cameco Corporation (2) | 2,311 | 91,608 | |||||
Hess Corporation (2) | 495 | 75,735 | |||||
167,343 | |||||||
Pharmaceuticals - 5.62% | |||||||
Eli Lilly & Co. | 482 | 258,897 | |||||
Pharmaceutical Preparations - 2.23% | |||||||
Merck & Co., Inc. | 1,000 | 102,950 | |||||
Retail Catalog & Mail-Order Houses - 2.51% | |||||||
Amazon.com, Inc. (2) | 910 | 115,679 | |||||
Semiconductors - 7.99% | |||||||
Himax Technologies, Inc. (2) | 11,166 | 65,209 | |||||
Intel Corp. | 3,650 | 129,758 | |||||
NVIDIA Corp. | 398 | 173,126 | |||||
368,093 | |||||||
Semiconductors & Related Devices - 3.96% | |||||||
Broadcom, Inc. | 220 | 182,728 | |||||
Services-Prepackaged Software - 4.02% | |||||||
Adobe, Inc. (2) | 363 | 185,094 | |||||
Software- 10.06% | |||||||
Microsoft Corp. | 302 | 95,357 | |||||
Oracle Corp. | 640 | 67,789 | |||||
Palantir Technologies Inc. (2) | 6,985 | 111,760 | |||||
Palo Alto Networks, Inc. (2) | 200 | 46,888 | |||||
Tyler Technologies, Inc. (2) | 246 | 94,990 | |||||
UiPath, Inc. Class A (2) | 2,734 | 46,779 | |||||
463,563 | |||||||
Technology Hardware & Equipment- 2.15% | |||||||
Dell Technologies Inc. (2) | 1,435 | 98,872 | |||||
Total Common Stock | (Cost $ 3,703,629) | 3,890,820 | |||||
Exchange-Traded Funds - 1.80% | |||||||
ProShares Bitcoin Strategy ETF (3) | 6,000 | 82,860 | |||||
Total Exchange-Traded Funds | (Cost $ 102,390) | 82,860 | |||||
Money Market Registered Companies - 10.84% | |||||||
Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 5.43% (4) | 499,752 | 499,752 | |||||
Total Money Market Registered Investment Companies | (Cost $ 499,752) | 499,752 | |||||
Total Investments - 97.05% | (Cost $ 4,305,771) | 4,473,432 | |||||
Assets in Excess of Other Liabilities - 2.95% | 135,969 | ||||||
Total Net Assets - 100.00% | 4,609,401 | ||||||
(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, 2023 in valuing the Fund's assets carried at fair value: | |||||||
|
|
|
|
| Investments in |
| Other Financial |
Valuation Inputs |
|
|
| Securities |
| Instruments (9) | |
Level 1 - Quoted Prices |
|
| $ | 4,473,432 | $ | 0 | |
Level 2 - Other Significant Observable Inputs |
| $ | 0 | $ | 0 | ||
Level 3 - Significant Unobservable Inputs |
| $ | 0 | $ | 0 | ||
Total |
|
|
| $ | 4,473,432 | $ | 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 September 30, 2023. |
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NPORT-P Filing
Americafirst Quantitative Funds NPORT-PAmericaFirst Monthly Risk-On Risk-Off Fund (Sep 2023 report)
Filed: 13 Nov 23, 3:55pm