0001162044-23-001161.txt : 20231113 0001162044-23-001161.hdr.sgml : 20231113 20231113154658 ACCESSION NUMBER: 0001162044-23-001161 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20230929 FILED AS OF DATE: 20231113 DATE AS OF CHANGE: 20231113 PERIOD START: 20240630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DSS AMERICAFIRST QUANTITATIVE FUNDS CENTRAL INDEX KEY: 0001539996 IRS NUMBER: 000000000 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-22669 FILM NUMBER: 231398270 BUSINESS ADDRESS: STREET 1: 9700 VILLAGE CENTER DRIVE STREET 2: SUITE 50-N CITY: GRANITE BAY STATE: CA ZIP: 95746 BUSINESS PHONE: 916-757-6862 MAIL ADDRESS: STREET 1: 9700 VILLAGE CENTER DRIVE STREET 2: SUITE 50-N CITY: GRANITE BAY STATE: CA ZIP: 95746 FORMER COMPANY: FORMER CONFORMED NAME: AMERICAFIRST QUANTITATIVE FUNDS DATE OF NAME CHANGE: 20120119 0001539996 S000036987 DSS AmericaFirst Income Fund C000113165 DSS AmericaFirst Income Fund Class A AFPAX C000113166 DSS AmericaFirst Income Fund Class U AFPUX C000113167 DSS AmericaFirst Income Fund Class I AFPIX NPORT-P 1 primary_doc.xml NPORT-P false 0001539996 XXXXXXXX S000036987 C000113165 C000113166 C000113167 DSS AMERICAFIRST QUANTITATIVE FUNDS 811-22669 0001539996 549300KFIJ1ZWDPJB360 9700 Village Center Drive Suite 50-N Granite Bay 95746 916-787-9940 AmericaFirst Income Fund S000036987 549300T45YWXYYZPCH94 2024-06-30 2023-09-29 N 20257787.30 146720.65 20111066.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N PPL Corp. 9N3UAJSNOUXFKQLF3V18 PPL Corp. 69351T106 12213.00 NS USD 287738.28 1.43 Long EC CORP US N 1 N N N 3M Co. LUZQVYP4VS22CLWDAR65 3M Co. 88579Y101 3019.00 NS USD 282638.78 1.40 Long EC CORP US N 1 N N N AbbVie Inc. FR5LCKFTG8054YNNRU85 AbbVie Inc. 00287Y109 1976.00 NS USD 294542.56 1.46 Long EC CORP US N 1 N N N Altria Group Inc. XSGZFLO9YTNO9VCQV219 Altria Group Inc. 02209S103 6995.00 NS USD 294139.75 1.46 Long EC CORP US N 1 N N N Amcor PLC 549300GSODGFCDQ3DI89 Amcor PLC G0250X107 27934.00 NS USD 255875.44 1.27 Long EC CORP JE N 1 N N N Amgen Inc. 62QBXGPJ34PQ72Z12S66 Amgen Inc. 031162100 1296.00 NS USD 348312.96 1.73 Long EC CORP US N 1 N N N Annaly Capital Management Inc. 2DTL0G3FPRYUT58TI025 Annaly Capital Management 035710409 16723.00 NS USD 314559.63 1.56 Long EC CORP US N 1 N N N Arbor Realty Trust Inc. 549300ASFUWYQO0RW077 Arbor Realty Trust Inc. 038923108 24970.00 NS USD 379044.60 1.88 Long EC CORP US N 1 N N N Avalonbay Communities Inc. K9G90K85RBWD2LAGQX17 AvalonBay Communities Inc. 053484101 1874.00 NS USD 321840.76 1.60 Long EC CORP US N 1 N N N B2gold Corp 549300F7OK456M5NLM05 B2gold Corp 11777Q209 77800.00 NS USD 224842.00 1.12 Long EC CORP CA N 1 N N N Best Buy Co. Inc. HL5XPTVRV0O8TUN5LL90 Best Buy Co. Inc. 086516101 4042.00 NS USD 280797.74 1.39 Long EC CORP US N 1 N N N British American Tobacco PLC 213800FKA5MF17RJKT63 British American Tobacco Industries PLC 110448107 6850.00 NS USD 215158.50 1.07 Long EC CORP GB N 1 N N N Broadcom Inc. 549300WV6GIDOZJTV909 Broadcom Inc. 11135F101 765.00 NS USD 635393.70 3.16 Long EC CORP US N 1 N N N CVS Health Corp. 549300EJG376EN5NQE29 CVS Health Corp. 126650100 2000.00 NS USD 139640.00 0.69 Long EC CORP US N 1 N N N Cal-Maine Foods Inc. 549300NHE5WMIEIEMF53 Cal-Maine Foods Inc. 128030202 6300.00 NS USD 305046.00 1.51 Long EC CORP US N 1 N N N Chevron Corp. N/A Chevron Corp. 166764100 1965.00 NS USD 331338.30 1.65 Long EC CORP US N 1 N N N Comerica Inc. I9Q57JVPWHHZ3ZGBW498 Comerica Inc. 200340107 2439.00 NS USD 101340.45 0.50 Long EC CORP US N 1 N N N Dell Technologies Inc. 549300TJB5YBRUPOG437 Dell Technologies Inc. 24703L202 4809.00 NS USD 331340.10 1.65 Long EC CORP US N 1 N N N Devon Energy Corporation 54930042348RKR3ZPN35 Devon Energy Corporation 25179M103 8654.00 NS USD 412795.80 2.05 Long EC CORP US N 1 N N N Duke Energy Corp. I1BZKREC126H0VB1BL91 Duke Energy Corp. 26441C204 3527.00 NS USD 311293.02 1.55 Long EC CORP US N 1 N N N Edison International 549300I7ROF15MAEVP56 Edison International 281020107 4770.00 NS USD 301893.30 1.50 Long EC CORP US N 1 N N N Equinix Inc. 549300EVUN2BTLJ3GT74 Equinix Inc. 29444U700 400.00 NS USD 290504.00 1.44 Long EC CORP US N 1 N N N Equity Residential 5493008RACSH5EP3PI59 Equity Residential 29476L107 5256.00 NS USD 308579.76 1.53 Long EC CORP US N 1 N N N Exelon Corp. 3SOUA6IRML7435B56G12 Exelon Corp. 30161N101 7517.00 NS USD 284067.43 1.41 Long EC CORP US N 1 N N N Exxon Mobil Corp. J3WHBG0MTS7O8ZVMDC91 Exxon Mobil Corp. 30231G102 2886.00 NS USD 339335.88 1.69 Long EC CORP US N 1 N N N Money Market Obligations Trust N/A Federated Prime Obligations 60934N203 2101822.09 NS USD 2101822.09 10.44 Long STIV RF US N 1 N N N Fidelity National Information Services Inc. 6WQI0GK1PRFVBA061U48 Fidelity National Information Services Inc. 31620M106 5846.00 NS USD 323108.42 1.60 Long EC CORP US N 1 N N N Fifth Third Bancorp THRNG6BD57P9QWTQLG42 Fifth Third Bancorp 316773100 8898.00 NS USD 225386.34 1.12 Long EC CORP US N 1 N N N FirstEnergy Corp 549300SVYJS666PQJH88 FirstEnergy Corp 337932107 8503.00 NS USD 290632.54 1.44 Long EC CORP US N 1 N N N Franklin Resources Inc. RIFQSET379FOGTEFKS80 Franklin Resources Inc. 354613101 11745.00 NS USD 288692.10 1.43 Long EC CORP US N 1 N N N Gilead Sciences Inc. 549300WTZWR07K8MNV44 Gilead Sciences Inc. 375558103 3775.00 NS USD 282898.50 1.40 Long EC CORP US N 1 N N N Global X Funds 54930002VYV0ZD18OT06 Global X Nasdaq 100 Covered Call ETF 37954Y483 30398.00 NS USD 509774.46 2.53 Long EC RF US N 1 N N N Global X Funds 549300RC73SUF7YB0Q40 Global X Russell 2000 Covered Call ETF 37954Y459 28763.00 NS USD 490696.78 2.44 Long EC RF US N 1 N N N HP Inc. WHKXQACZ14C5XRO8LW03 HP Inc. 40434L105 5000.00 NS USD 128500.00 0.64 Long EC CORP US N 1 N N N Healthcare Realty Trust Incorporated 549300CB86LH2IOKHH22 Healthcare Realty Trust Incorporated 42226K105 16008.00 NS USD 244442.16 1.21 Long EC CORP US N 1 N N N Himax Technologies Inc. N/A Himax Technologies Inc. N/A 50968.00 NS USD 297653.12 1.48 Long EC CORP KY N 1 N N N International Business Machines Corp. VGRQXHF3J8VDLUA7XE92 International Business Machines Corp. 459200101 2390.00 NS USD 335317.00 1.67 Long EC CORP US N 1 N N N Kimberly-Clark Corp. MP3J6QPYPGN75NVW2S34 Kimberly-Clark Corp. 494368103 2334.00 NS USD 282063.90 1.40 Long EC CORP US N 1 N N N Lincoln National Corp. EFQMQROEDSNBRIP7LE47 Lincoln National Corp. 534187109 14187.00 NS USD 350277.03 1.74 Long EC CORP US N 1 N N N M.D.C. Holdings Inc. 5299005FV4VNV75R8R35 M.D.C. Holdings Inc. 552676108 6750.00 NS USD 278302.50 1.38 Long EC CORP US N 1 N N N Medtronic PLC 549300GX3ZBSQWUXY261 Medtronic PLC G5960L103 3410.00 NS USD 267207.60 1.33 Long EC CORP IE N 1 N N N Metlife Inc. C4BXATY60WC6XEOZDX54 MetLife Inc. 59156R108 5425.00 NS USD 341286.75 1.69 Long EC CORP US N 1 N N N Newmont Corp. 549300VSP3RIX7FGDZ51 Newmont Corp. 651639106 8679.00 NS USD 320689.05 1.59 Long EC CORP US N 1 N N N Organon & Co. 549300AMCKY57OK2CO56 Organon & Co. 68622V106 11366.00 NS USD 197313.76 0.98 Long EC CORP US N 1 N N N Packaging Corporation of America 549300XZP8MFZFY8TJ84 Packaging Corporation of America 695156109 2257.00 NS USD 346562.35 1.72 Long EC CORP US N 1 N N N PennantPark Floating Rate Capital Ltd. 529900BH3IP6381K4L72 PennantPark Floating Rate Capital Ltd. 70806A106 50200.00 NS USD 535132.00 2.66 Long EC CORP US N 1 N N N Phillips 66 5493005JBO5YSIGK1814 Phillips 66 718546104 3052.00 NS USD 366697.80 1.82 Long EC CORP US N 1 N N N Principal Financial Group Inc. CUMYEZJOAF02RYZ1JJ85 Principal Financial Group Inc. 74251V102 4286.00 NS USD 308892.02 1.53 Long EC CORP US N 1 N N N ProShares Trust N/A ProShares Bitcoin Strategy ETF 74347G440 14500.00 NS USD 200245.00 0.99 Long EC RF US N 1 N N N Public Service Enterprise Group Inc. PUSS41EMO3E6XXNV3U28 Public Service Enterprise Group Inc. 744573106 5465.00 NS USD 311013.15 1.54 Long EC CORP US N 1 N N N Safehold, Inc. 549300MHMP6BIE0XV355 Safehold, Inc. 78645L100 7119.00 NS USD 126718.20 0.63 Long EC CORP US N 1 N N N Stanley Black & Decker Inc. 549300DJ09SMTO561131 Stanley Black & Decker Inc. 854502101 3978.00 NS USD 332481.24 1.65 Long EC CORP US N 1 N N N T. Rowe Price Group Inc. 549300SIV6FPS9Y7IH33 T. Rowe Price Group Inc. 74144T108 2818.00 NS USD 295523.66 1.47 Long EC CORP US N 1 N N N The Bank of New York Mellon Corporation WFLLPEPC7FZXENRZV188 The Bank of New York Mellon Corporation 064058100 7000.00 NS USD 298550.00 1.48 Long EC CORP US N 1 N N N Blackstone Inc. 5299004LW4QWGZUB8Y96 Blackstone Inc. 09253U108 1000.00 NS USD 107140.00 0.53 Long EC CORP US N 1 N N N U.S. Bancorp N1GZ7BBF3NP8GI976H15 U.S. Bancorp 902973304 8665.00 NS USD 286464.90 1.42 Long EC CORP US N 1 N N N UDR Inc. P3CH2EG5X6Z1XWU1OO74 UDR Inc. 902653104 7669.00 NS USD 273553.23 1.36 Long EC CORP US N 1 N N N United Parcel Service Inc. D01LMJZU09ULLNCY6Z23 United Parcel Service 911312106 1641.00 NS USD 255782.67 1.27 Long EC CORP US N 1 N N N VICI Properties Inc. 254900RKH6RY9KCJQH63 VICI Properties Inc. 925652109 11320.00 NS USD 329412.00 1.64 Long EC CORP US N 1 N N N Verizon Communications Inc. 2S72QS2UO2OESLG6Y829 Verizon Communications Inc. 92343V104 7471.00 NS USD 242135.11 1.20 Long EC CORP US N 1 N N N iShares Trust N/A iShares Treasury Floating Rate Bond ETF 46434V860 10000.00 NS USD 507400.00 2.52 Long EC RF US N 1 N N N 2023-09-29 AmericaFirst Quantitative Funds /s/ Rick Gonsalves Rick Gonsalves Trustee and President XXXX NPORT-EX 2 americaincomenportex923.htm Converted by EDGARwiz



Schedule of Investments


 

 

 

 

 

 

 

 

September 30, 2023 (unaudited)


 

 

 

 

 

 

 

 

AmericaFirst Income Growth Fund


 

 

 

 

 

 

 

 





 





 

 

 

 

 

 

 

 






Shares or Principal




 

 

 

 

 

 

 

 

Security Description

 

 

Amount ($)

 

Fair Value ($)(1)


 

 

 

 

 

 

 

 

 







 

 

 

 

 

 

 

 

Common Stocks - 68.98%

 

 

 

 

 

 


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Air Freight & Logistics - 1.27%







 

 

 

 

 

 

 

 

United Parcel Service

1,641


255,783


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

 Banks - 3.05%








 

 

 

 

 

 

 

 

Comerica, Inc.





2,439


101,340


 

 

 

 

 

 

 

 

Fifth Third Bancorp




8,898


225,386


 

 

 

 

 

 

 

 

U.S. Bancorp





8,665


286,465


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








613,192


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Biotechnology - 4.60%








 

 

 

 

 

 

 

 

AbbVie, Inc.





1,976


294,543


 

 

 

 

 

 

 

 

Amgen, Inc.





1,296


348,313


 

 

 

 

 

 

 

 

Gilead Sciences, Inc.




3,775


282,899


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








925,754


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Capital Markets - 7.58%








 

 

 

 

 

 

 

 

Franklin Resources, Inc.




11,745


288,692


 

 

 

 

 

 

 

 

PennantPark Floating Rate Capital Ltd.



50,200


535,132


 

 

 

 

 

 

 

 

T. Rowe Price Group, Inc.




2,818


295,524


 

 

 

 

 

 

 

 

The Bank of New York Mellon Corporation



7,000


298,550


 

 

 

 

 

 

 

 

The Blackstone Group, Inc. (2)



1,000


107,140


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








1,525,038


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Containers & Packaging - 3.00%







 

 

 

 

 

 

 

 

Amcor PLC





27,934


255,875


 

 

 

 

 

 

 

 

Packaging Corporation of America



2,257


346,562


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








602,438


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Diversified Telecommunication - 1.20%







 

 

 

 

 

 

 

 

Verizon Communications, Inc. (2)

7,471


242,135


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Electric & Other Services Combined - 7.34%







 

 

 

 

 

 

 

 

Duke Energy Corp.




3,527


311,293


 

 

 

 

 

 

 

 

Edison International




4,770


301,893


 

 

 

 

 

 

 

 

Exelon Corp.





7,517


284,067


 

 

 

 

 

 

 

 

FirstEnergy Corp




8,503


290,633


 

 

 

 

 

 

 

 

PPL Corp.





12,213


287,738


 

 

 

 

 

 

 

 








1,475,625


 

 

 

 

 

 

 

 








1,475,625


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Finance Services - 1.61%








 

 

 

 

 

 

 

 

Fidelity National Information Services Inc.

5,846


323,108


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Food Products - 1.52%








 

 

 

 

 

 

 

 

Cal-Maine Foods Inc.

6,300


305,046


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Health Care Equipment & Supplies - 1.33%







 

 

 

 

 

 

 

 

Medtronic PLC

3410


267,208


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Health Care Providers & Services - 0.69%







 

 

 

 

 

 

 

 

CVS Health Corp.

2,000


139,640


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Household Durables - 1.38%







 

 

 

 

 

 

 

 

M.D.C. Holdings Inc.

6,750


278,303


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Household Products - 1.40%







 

 

 

 

 

 

 

 

Kimberly-Clark Corp.

2,334


282,064


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Insurance - 4.97%








 

 

 

 

 

 

 

 

Lincoln National Corp.




14,187


350,277


 

 

 

 

 

 

 

 

MetLife, Inc.





5,425


341,287


 

 

 

 

 

 

 

 

Principal Financial Group, Inc.



4,286


308,892


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








1,000,456


 

 

 

 

 

 

 

 

IT Services - 1.67%








 

 

 

 

 

 

 

 

International Business Machines Corp.



2,390


335,317


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Machinery - 1.65%








 

 

 

 

 

 

 

 

Stanley Black & Decker Inc.

3,978


332,481


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Metals & Mining - 2.71%








 

 

 

 

 

 

 

 

B2gold Corp





77,800


224,842


 

 

 

 

 

 

 

 

Newmont Corp.




8,679


320,689


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








545,531


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Multi-Utilities - 1.55%








 

 

 

 

 

 

 

 

Public Service Enterprise Group Inc.



5,465


311,013


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Oil, Gas & Consumable Fuels - 7.21%







 

 

 

 

 

 

 

 

Chevron Corp.




1,965


331,338


 

 

 

 

 

 

 

 

Devon Energy Corporation




8,654


412,796


 

 

 

 

 

 

 

 

Exxon Mobil Corp.




2,886


339,336


 

 

 

 

 

 

 

 

Phillips 66





3,052


366,698


 

 

 

 

 

 

 

 








1,450,168


 

 

 

 

 

 

 

 








1,450,168


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Pharmaceuticals - 0.98%








 

 

 

 

 

 

 

 

Organon & Co.




11,366


197,314


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Semiconductors - 1.48%








 

 

 

 

 

 

 

 

Himax Technologies, Inc.

50,968


297,653


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Semiconductors & Related Devices - 1.65%







 

 

 

 

 

 

 

 

Broadcom, Inc.

4,809


331,340


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Specialty Retail - 3.16%




765


635,394


 

 

 

 

 

 

 

 

Best Buy Co., Inc.





 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Surgical & Medical Instruments & Apparatus - 1.40%



4,042


280,798


 

 

 

 

 

 

 

 

3M Co.





 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Technology Hardware & Equipment - 2.04%







 

 

 

 

 

 

 

 

Dell Technologies Inc. (2)

3,019


282,639


 

 

 

 

 

 

 

 

HP, Inc.





5,000


128,500


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








411,139


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Tobacco - 2.53%








 

 

 

 

 

 

 

 

Altria Group, Inc.




6,995


294,140


 

 

 

 

 

 

 

 

British American Tobacco Industries PLC



6,850


215,159


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 








509,298


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Common Stock




(Cost $           14,650,203)


13,873,234


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Real Estate Investment Trusts - 12.87%

 

 

 

 

 


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Annaly Capital Management



16,723


314,560


 

 

 

 

 

 

 

 

Arbor Realty Trust, Inc.




24,970


379,045


 

 

 

 

 

 

 

 

AvalonBay Communities, Inc.



1,874


321,841


 

 

 

 

 

 

 

 

Equinix, Inc.





400


290,504


 

 

 

 

 

 

 

 

Equity Residential




5,256


308,580


 

 

 

 

 

 

 

 

Healthcare Realty Trust Incorporated



16,008


244,442


 

 

 

 

 

 

 

 

Safehold, Inc.





7,119


126,718


 

 

 

 

 

 

 

 

UDR, Inc.





7,669


273,553


 

 

 

 

 

 

 

 

VICI Properties Inc.




11,320


329,412


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Real Estate Investment Trusts



(Cost $             2,807,371)


2,588,654


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Exchange Traded Funds - 8.49%

 

 

 

 

 


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Global X Nasdaq 100 Covered Call ETF (4)



30,398


509,774


 

 

 

 

 

 

 

 

Global X Russell 2000 Covered Call ETF (4)



28,763


490,697


 

 

 

 

 

 

 

 

iShares Treasury Floating Rate Bond ETF (4)



10,000


507,400


 

 

 

 

 

 

 

 

ProShares Bitcoin Strategy ETF (4)



14,500


200,245


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Exchange Traded Funds



(Cost $             1,803,858)


1,708,116


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Money Market Registered Investment Companies - 10.45%

 

 

 

 

 


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 5.43% (3)


2,101,822


2,101,822


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Money Market Registered Investment Companies



(Cost $             2,101,822)


2,101,822


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Investments - 100.80%



(Cost $           21,363,254)


20,271,826


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Liabilities in Excess of Other Assets - -0.80%





(160,760)


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

Total Net Assets - 100.00%





20,111,067


 

 

 

 

 

 

 

 










 

 

 

 

 

 

 

 

(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

 

 

$

20,271,826

$

-





 

 

 

 

 

Level 2 - Other Significant Observable Inputs

 

 

0

 

-





 

 

 

 

 

Level 3 - Significant Unobservable Inputs

 

 

-

 

-





 

 

 

 

 

Total

 

 

 

$

20,271,826

$

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)  Investment in affiliate. The yield shown represents the 7-day yield in effect at September 30, 2023.












(4)  Exchange-traded fund.