# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-23-000103
**Filing Date:** 2023-2
**Character Count:** 10235
**Document Hash:** c96f39ab3ccc3cbafca8463ea7b14a7b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-23-000103.hdr.sgml**: 20230210

**ACCESSION NUMBER**: 0001413042-23-000103

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20221231

**FILED AS OF DATE**: 20230210

**DATE AS OF CHANGE**: 20230210

**PERIOD START**: 20221231

**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:** 23609259

**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

### Bretton Fund (Series ID: S000030100)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000092443 | Bretton Fund | BRTNX           |

## 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:** Bretton Fund

- **b. EDGAR series identifier (if any):** S000030100

- **c. LEI of Series:** 5493005U1MJFY8J33W25

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

- **a. Date of fiscal year-end:** 2022-12-31

- **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:** $62717741.21

**Total Liabilities:** $72494.87

**Net Assets:** $62645246.34

**Cash Not Reported:** $803478.51

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000092443 | 9.47%                | 6.92%                | -4.66%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $5287337.50                                |
| Month 2  | $0.00                    | $4278504.07                                |
| Month 3  | $0.00                    | $-3061515.60                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Alphabet Inc.                       | Alphabet Inc. - Class C             | CUSIP: 02079K107<br>LEI: 5493006MHB84DD0ZWV18 | Long             | EC               | CORP              | US        |     57000 | NS      | $5057610.00   | 8.07%             |  |  |  | No            |                  1 | On Loan: No      |
| American Express Company            | American Express Company            | CUSIP: 025816109<br>LEI: R4PP93JZOLY261QX3811 | Long             | EC               | CORP              | US        |     21100 | NS      | $3117525.00   | 4.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Armanino Foods of Distinction, Inc. | Armanino Foods of Distinction, Inc. | CUSIP: 042166801<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    245430 | NS      | $881093.70    | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                      | AutoZone, Inc.                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |      2000 | NS      | $4932360.00   | 7.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corporation         | Bank of America Corporation         | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |     80900 | NS      | $2679408.00   | 4.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Berkshire Hathaway Inc.             | Berkshire Hathaway Inc. - Class B   | CUSIP: 084670702<br>LEI: 5493000C01ZX7D35SD85 | Long             | EC               | CORP              | US        |      7500 | NS      | $2316750.00   | 3.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Dream Finders Homes, Inc.           | Dream Finders Homes, Inc. Class A   | CUSIP: 26154D100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |    124500 | NS      | $1078170.00   | 1.72%             |  |  |  | No            |                  1 | On Loan: No      |
| JPMorgan Chase & Co.                | JPMorgan Chase & Co.                | CUSIP: 46625H100<br>LEI: 8I5DZWZKVSZI1NUHU748 | Long             | EC               | CORP              | US        |     23000 | NS      | $3084300.00   | 4.92%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated             | MasterCard Incorporated - Class A   | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      9380 | NS      | $3261707.40   | 5.21%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation               | Microsoft Corporation               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |     12800 | NS      | $3069696.00   | 4.90%             |  |  |  | No            |                  1 | On Loan: No      |
| Moody's Corporation                 | Moody's Corporation                 | CUSIP: 615369105<br>LEI: 549300GCEDD8YCF5WU84 | Long             | EC               | CORP              | US        |      8300 | NS      | $2312546.00   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                           | NVR, Inc.                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |       690 | NS      | $3182680.20   | 5.08%             |  |  |  | No            |                  1 | On Loan: No      |
| PerkinElmer, Inc.                   | PerkinElmer, Inc.                   | CUSIP: 714046109<br>LEI: 549300IKL1SDPFI7N655 | Long             | EC               | CORP              | US        |     11000 | NS      | $1542420.00   | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Ross Stores Inc.                    | Ross Stores Inc.                    | CUSIP: 778296103<br>LEI: 549300ENZFLPGRDFZQ60 | Long             | EC               | CORP              | US        |     34700 | NS      | $4027629.00   | 6.43%             |  |  |  | No            |                  1 | On Loan: No      |
| S&P Global Inc.                     | S&P Global Inc.                     | CUSIP: 78409V104<br>LEI: Y6X4K52KMJMZE7I7MY94 | Long             | EC               | CORP              | US        |      9300 | NS      | $3114942.00   | 4.97%             |  |  |  | No            |                  1 | On Loan: No      |
| The Progressive Corporation         | The Progressive Corporation         | CUSIP: 743315103<br>LEI: 529900TACNVLY9DCR586 | Long             | EC               | CORP              | US        |     33400 | NS      | $4332314.00   | 6.92%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Companies, Inc.             | The TJX Companies, Inc.             | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |     47000 | NS      | $3741200.00   | 5.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Union Pacific Corporation           | Union Pacific Corporation           | CUSIP: 907818108<br>LEI: 549300LMMRSZZCZ8CL11 | Long             | EC               | CORP              | US        |     15350 | NS      | $3178524.50   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |
| UnitedHealth Group Incorporated     | UnitedHealth Group Incorporated     | CUSIP: 91324P102<br>LEI: 549300GHBMY8T5GXDE41 | Long             | EC               | CORP              | US        |      7200 | NS      | $3817296.00   | 6.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                           | Visa Inc. - Class A                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |     15300 | NS      | $3178728.00   | 5.07%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2023-02-09

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer