# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001103243-26-000063
**Filing Date:** 2026-4
**Character Count:** 5491
**Document Hash:** 1ea54782bbf9b0aa8ff9cd500dd947f0
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001103243-26-000063.hdr.sgml**: 20260416

**ACCESSION NUMBER**: 0001103243-26-000063

**CONFORMED SUBMISSION TYPE**: NPORT-P/A

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20251231

**FILED AS OF DATE**: 20260416

**DATE AS OF CHANGE**: 20260416

**PERIOD START**: 20260630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** PFS FUNDS
- **CENTRAL INDEX KEY:** 0001103243

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** MA
- **FISCAL YEAR END:** 0331

**FILING VALUES:**
- **FORM TYPE:** NPORT-P/A
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 26866023

**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

### Potomac Defensive Bull Fund (Series ID: S000068707)

| Class ID   | Class Name                  | Ticker Symbol   |
|:---|:---|:---|
| C000219677 | Potomac Defensive Bull Fund | CRDBX           |

## 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:** 6195889700

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

- **a. Name of Series:** Potomac Defensive Bull Fund

- **b. EDGAR series identifier (if any):** S000068707

- **c. LEI of Series:** 549300L3P3MK4DLWP178

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-12-31

**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:** $2471939176.12

**Total Liabilities:** $2337128.71

**Net Assets:** $2469602047.41

**Cash Not Reported:** $146711143.36

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219677 | 0.10%                | 7.43%                | -0.38%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $11375089.02             | $-24905213.74                              |
| Month 2  | $20414751.92             | $83877024.85                               |
| Month 3  | $75299865.91             | $-83008482.72                              |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** S&P500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BondBloxx ETF Trust                         | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |   6955117 | NS      | $349494629.25  | 14.15%            |  |  |  | No            |                  1 | On Loan: No      |
| State Street Institutional Investment Trust | STATE STREET INST U.S. GOVERNMENT MMKT PREM CLASS             | CUSIP: 857492706<br>LEI: 549300BZ5TGIFZUZDZ37 | Long             | STIV             | RF                | US        | 301138465 | NS      | $301138465.27  | 12.19%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard S&P 500 Index ETF                  | Vanguard S&P 500 Index ETF                                    | CUSIP: 922908363<br>LEI: 4YTZF0ORPPJYNRF7I418 | Long             | EC               | RF                | US        |   2648368 | NS      | $1660871023.84 | 67.25%            |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                 | S&P500 E-Mini Futures  March 2026                             | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DIR              | CORP              | US        |      6928 | NC      | $1209524.88    | 0.05%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2026-04-15

**Name of Applicant:** PFS Funds

**Signature:** Jeffrey R. Provence

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

**Title:** Secretary and Treasurer