# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-25-000689
**Filing Date:** 2025-8
**Character Count:** 7961
**Document Hash:** 23921ac2c02411e7a4541a7035a39978
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000689.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001413042-25-000689

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**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
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-09781
- **FILM NUMBER:** 251255424

**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 Tactical Opportunities Fund (Series ID: S000068709)

| Class ID   | Class Name                          | Ticker Symbol   |
|:---|:---|:---|
| C000219679 | Potomac Tactical Opportunities Fund | CRTOX           |

## 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:** Potomac Tactical Opportunities Fund

- **b. EDGAR series identifier (if any):** S000068709

- **c. LEI of Series:** 5493000SLMKDUD0NEP61

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

- **a. Date of fiscal year-end:** 2025-06-30

- **b. Date as of which information is reported:** 2025-06-30

**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:** $144885802.45

**Total Liabilities:** $303554.97

**Net Assets:** $144582247.48

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219679 | -1.56%               | 0.53%                | 4.42%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-2215404.29             | $37645.75                                  |
| Month 2  | $-436988.69              | $355712.94                                 |
| Month 3  | $2205263.12              | $1389801.86                                |

**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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Amplify ETF Trust - Amplify Junior Silver Miners ETF                         | Amplify Junior Silver Miners ETF                              | CUSIP: 032108649<br>LEI: 529900043JSEQR3OMW67 | Long             | EC               | RF                | US        |    681015 | NS      | $10079022.00  | 6.97%             |  |  |  | No            |                  1 | On Loan: No      |
| BondBloxx ETF Trust                                                          | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |    363505 | NS      | $18298841.70  | 12.66%            |  |  |  | No            |                  1 | On Loan: No      |
| First Trust Exchange-Traded Fund - First Trust Dow Jones Internet Index Fund | First Trust Dow Jones Internet Index Fund                     | CUSIP: 33733E302<br>LEI: 549300LFXESZ1H5C8J05 | Long             | EC               | RF                | US        |     37911 | NS      | $10210569.63  | 7.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund         | Goldman Sachs Financial Square Government Fund Institutional  | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |  40304371 | NS      | $40304371.14  | 27.88%            |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares 0-3 Month Treasury Bond ETF                          | iShares 0-3 Month Treasury Bond ETF Shares                    | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |    142820 | NS      | $14380545.80  | 9.95%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares Global Infrastructure ETF                            | iShares Global Infrastructure ETF                             | CUSIP: 464288372<br>LEI: 549300ZC2N3HUK3DTK30 | Long             | EC               | RF                | US        |    169697 | NS      | $10046062.40  | 6.95%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares MSCI EAFE Growth ETF                                 | iShares MSCI EAFE Growth ETF                                  | CUSIP: 464288885<br>LEI: 549300TM3QJ7458P4314 | Long             | EC               | RF                | US        |     90361 | NS      | $10120432.00  | 7.00%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares MSCI EAFE Value ETF                                  | iShares MSCI EAFE Value ETF                                   | CUSIP: 464288877<br>LEI: 549300AN74D4XJZB8Y40 | Long             | EC               | RF                | US        |    158182 | NS      | $10041393.36  | 6.95%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares U.S. Aerospace & Defense ETF                         | iShares U.S. Aerospace & Defense ETF                          | CUSIP: 464288760<br>LEI: 549300BI35CWQ4Q8FM41 | Long             | EC               | RF                | US        |     54286 | NS      | $10240511.04  | 7.08%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares U.S. Broker-Dealers & Securities Exchanges ETF       | iShares U.S. Broker-Dealers & Securities Exchanges ETF        | CUSIP: 464288794<br>LEI: 54930085FJMZ4CBKDP12 | Long             | EC               | RF                | US        |     60114 | NS      | $10167681.96  | 7.03%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer