# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-23-000111
**Filing Date:** 2023-2
**Character Count:** 12316
**Document Hash:** b6a069e8e2bacb6b55372768c4f6474c
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-23-000111.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001413042-23-000111

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230216

**DATE AS OF CHANGE**: 20230216

**PERIOD START**: 20230630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFS FUNDS
- **CENTRAL INDEX KEY:** 0001103243
- **IRS NUMBER:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 23638024

**BUSINESS ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020
- **BUSINESS PHONE:** 6185889700

**MAIL ADDRESS:**
- **STREET 1:** 1939 FRIENDSHIP DRIVE
- **STREET 2:** STE C
- **CITY:** EL CAJON
- **STATE:** CA
- **ZIP:** 92020

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PREMIER FUNDS TRUST
- **DATE OF NAME CHANGE:** 20100119

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** WIRELESS FUND
- **DATE OF NAME CHANGE:** 20000113

## Series and Classes Contracts Data

### Castle Focus Fund (Series ID: S000029372)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000090233 | Investor     | MOATX           |
| C000090234 | Class C      | CASTX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** PFS FUNDS

- **b. Investment Company Act file number:** 811-09781

- **c. CIK number of Registrant:** 0001103243

- **d. LEI of Registrant:** 549300QPH5FGDXI8HN15

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 1939 FRIENDSHIP DRIVE STE C

  - **City:** EL CAJON

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 92020

  - **Telephone number:** 619-588-9700

**Item A.2. Information about the Series.**

- **a. Name of Series:** Castle Focus Fund

- **b. EDGAR series identifier (if any):** S000029372

- **c. LEI of Series:** 549300TSNG2XMCUGTB05

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2023-06-30

- **b. Date as of which information is reported:** 2022-12-31

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $34244869.27

**Total Liabilities:** $67889.87

**Net Assets:** $34176979.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000090233 | 7.52%                | 5.93%                | -1.78%               |
| Class ID C000090234 | 7.48%                | 5.82%                | -1.88%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $478290.32               | $1980846.50                                |
| Month 2  | $78492.16                | $1904895.24                                |
| Month 3  | $135184.61               | $-812355.26                                |

### Schedule of Portfolio Investments

| Name                                                    | Title                                                     | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Limited                              | Agnico Eagle Mines Limited (Canada)                       | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |     39000 | NS      | $2027610.00   | 5.93%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corporation                                | Barrick Gold Corporation (Canada)                         | CUSIP: 067901108<br>LEI: 0O4KBQCJZX82UKGCBV73 | Long             | EC               | CORP              | CA        |     71000 | NS      | $1219780.00   | 3.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.                                 | Berkshire Hathaway Inc. - Class B                         | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |     10250 | NS      | $3166225.00   | 9.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Cisco Systems, Inc.                                     | Cisco Systems, Inc.                                       | CUSIP: 17275R102<br>LEI: 8E6NF1YAL0WT6CWXXV93 | Long             | EC               | CORP              | US        |     25500 | NS      | $1214820.00   | 3.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                                     | Comcast Corporation - Class A                             | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     35000 | NS      | $1223950.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Corteva, Inc.                                           | Corteva, Inc.                                             | CUSIP: 22052L104<br>LEI: 549300WZN9I2QKLS0O94 | Long             | EC               | CORP              | US        |     20500 | NS      | $1204990.00   | 3.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                   | Dominion Energy, Inc.                                     | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |     17000 | NS      | $1042440.00   | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| DuPont de Nemours, Inc.                                 | DuPont de Nemours, Inc.                                   | CUSIP: 26614N102<br>LEI: 5493004JF0SDFLM8GD76 | Long             | EC               | CORP              | US        |     26500 | NS      | $1818695.00   | 5.32%             |  |  |  | No            |                  1 | On Loan: No      |
| EOG Resources, Inc.                                     | EOG Resources, Inc.                                       | CUSIP: 26875P101<br>LEI: XWTZDRYZPBUHIQBKDB46 | Long             | EC               | CORP              | US        |      8750 | NS      | $1133300.00   | 3.32%             |  |  |  | No            |                  1 | On Loan: No      |
| Enbridge Inc.                                           | Enbridge Inc. (Canada)                                    | CUSIP: 29250N105<br>LEI: 98TPTUM4IVMFCZBCUR27 | Long             | EC               | CORP              | CA        |     38000 | NS      | $1485800.00   | 4.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Commonwealth                                     | Equity Commonwealth                                       | CUSIP: 294628102<br>LEI: 549300YPGVU9PR4L0606 | Long             | EC               | CORP              | US        |     53000 | NS      | $1323410.00   | 3.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Ingredion Incorporated                                  | Ingredion Incorporated                                    | CUSIP: 457187102<br>LEI: PKSTQ48QDN0XSVS7YK88 | Long             | EC               | CORP              | US        |     12500 | NS      | $1224125.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Treasury Portfolio                              | Invesco Treasury Portfolio Institutional Class            | CUSIP: 825252406<br>LEI: 549300UJV6OHYATSFU27 | Long             | STIV             | RF                | US        |   1838605 | NS      | $1838604.54   | 5.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Jones Lang LaSalle Incorporated                         | Jones Lang LaSalle Incorporated                           | CUSIP: 48020Q107<br>LEI: 6SYKCME112RT8TQUO411 | Long             | EC               | CORP              | US        |      2100 | NS      | $334677.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corporation                                       | Loews Corporation                                         | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |     33250 | NS      | $1939472.50   | 5.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Medtronic PLC                                           | Medtronic PLC (Ireland)                                   | CUSIP: 585055106<br>LEI: 549300GX3ZBSQWUXY261 | Long             | EC               | CORP              | IE        |     14500 | NS      | $1126940.00   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Merck & Co., Inc.                                       | Merck & Co., Inc.                                         | CUSIP: 58933Y105<br>LEI: 4YV9Y5M8S0BRK1RP0397 | Long             | EC               | CORP              | US        |     16000 | NS      | $1775200.00   | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| SPDR Series Trust - SPDR Bloomberg 1-3 Month T-Bill ETF | SPDR Series Trust - SPDR Bloomberg 1 - 3 Month T-Bill ETF | CUSIP: 78468R663<br>LEI: 549300GQCVCME1YJ6B50 | Long             | EC               | RF                | US        |     40000 | NS      | $3658800.00   | 10.71%            |  |  |  | No            |                  1 | On Loan: No      |
| Starbucks Corporation                                   | Starbucks Corporation                                     | CUSIP: 855244109<br>LEI: OQSJ1DU9TAOC51A47K68 | Long             | EC               | CORP              | US        |      5500 | NS      | $545600.00    | 1.60%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies, Inc.                                 | The TJX Companies, Inc.                                   | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      7000 | NS      | $557200.00    | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |
| The Travelers Companies, Inc.                           | The Travelers Companies, Inc.                             | CUSIP: 89417E109<br>LEI: 549300Y650407RU8B149 | Long             | EC               | CORP              | US        |      7250 | NS      | $1359302.50   | 3.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Unilever PLC                                            | Unilever PLC ADR                                          | CUSIP: 904767704<br>LEI: 549300MKFYEKVRWML317 | Long             | EC               | CORP              | GB        |     33500 | NS      | $1686725.00   | 4.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Verizon Communications Inc.                             | Verizon Communications, Inc.                              | CUSIP: 92343V104<br>LEI: 2S72QS2UO2OESLG6Y829 | Long             | EC               | CORP              | US        |     33000 | NS      | $1300200.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-16

**Name of Applicant:** PFS Funds

**Signature:** /s/ Jeffrey R. Provence

**Name of Signer:** Jeffrey R. Provence

**Title:** Secretary and Treasurer