# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-23-000113
**Filing Date:** 2023-2
**Character Count:** 17928
**Document Hash:** 9fe91e7306199813707f9e045af91506
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-23-000113.hdr.sgml**: 20230216

**ACCESSION NUMBER**: 0001413042-23-000113

**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:** 23638031

**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 Tandem Fund (Series ID: S000065065)

| Class ID   | Class Name    | Ticker Symbol   |
|:---|:---|:---|
| C000210708 | Institutional | TANDX           |

## 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 Tandem Fund

- **b. EDGAR series identifier (if any):** S000065065

- **c. LEI of Series:** 549300DEPAKKV8412S11

**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:** $34081962.84

**Total Liabilities:** $38596.55

**Net Assets:** $34043366.29

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210708 | 6.55%                | 6.61%                | -3.10%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-37015.73               | $2004867.83                                |
| Month 2  | $161608.46               | $1954793.93                                |
| Month 3  | $0.00                    | $-1110172.18                               |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| AbbVie Inc.                                 | AbbVie Inc.                                        | CUSIP: 00287Y109<br>LEI: FR5LCKFTG8054YNNRU85 | Long             | EC               | CORP              | US        |      8500 | NS      | $1373685.00   | 4.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Abbott Laboratories                         | Abbott Laboratories                                | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |     11900 | NS      | $1306501.00   | 3.84%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | Accenture PLC - Class A (Ireland)                  | CUSIP: G1151C101<br>LEI: 549300PNIE0WGWUTXU86 | Long             | EC               | CORP              | IE        |      3000 | NS      | $800520.00    | 2.35%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                        | Amphenol Corporation - Class A                     | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     10400 | NS      | $791856.00    | 2.33%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.             | Automatic Data Processing, Inc.                    | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2000 | NS      | $477720.00    | 1.40%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company               | Becton, Dickinson and Company                      | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      3100 | NS      | $788330.00    | 2.32%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                             | BlackRock, Inc.                                    | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |      1200 | NS      | $850356.00    | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                         | Brown & Brown, Inc.                                | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      9300 | NS      | $529821.00    | 1.56%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown-Forman Corporation                    | Brown-Forman Corporation - Class B                 | CUSIP: 115637209<br>LEI: 549300873K3LXF7ARU34 | Long             | EC               | CORP              | US        |      5100 | NS      | $334968.00    | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Cboe Global Markets, Inc.                   | Cboe Global Markets, Inc.                          | CUSIP: 12503M108<br>LEI: 529900RLNSGA90UPEH54 | Long             | EC               | CORP              | US        |     10300 | NS      | $1292341.00   | 3.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                   | Church & Dwight Co., Inc.                          | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      6000 | NS      | $483660.00    | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                         | Comcast Corporation - Class A                      | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     26700 | NS      | $933699.00    | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                | Costco Wholesale Corporation                       | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |      1100 | NS      | $502150.00    | 1.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Dollar General Corporation                  | Dollar General Corporation                         | CUSIP: 256677105<br>LEI: OPX52SQVOZI8IVSWYU66 | Long             | EC               | CORP              | US        |      5000 | NS      | $1231250.00   | 3.62%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                   | Essential Utilities, Inc.                          | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     22600 | NS      | $1078698.00   | 3.17%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc | Expeditors International of Washington, Inc        | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      5800 | NS      | $602736.00    | 1.77%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems, Inc.              | FactSet Research Systems, Inc.                     | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      2800 | NS      | $1123388.00   | 3.30%             |  |  |  | No            |                  1 | On Loan: No      |
| First American Funds Inc.                   | First American Treasury Obligations Fund - X Class | CUSIP: 31846V328<br>LEI: 549300J5J5SJCZ9IA369 | Long             | STIV             | RF                | US        |   3011378 | NS      | $3011377.79   | 8.85%             |  |  |  | No            |                  1 | On Loan: No      |
| Hormel Foods Corporation                    | Hormel Foods Corporation                           | CUSIP: 440452100<br>LEI: MSD54751OJP1FS2ND863 | Long             | EC               | CORP              | US        |     11100 | NS      | $505605.00    | 1.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.             | Intercontinental Exchange, Inc.                    | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      9700 | NS      | $995123.00    | 2.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.               | Jack Henry & Associates, Inc.                      | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      3900 | NS      | $684684.00    | 2.01%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                           | Johnson & Johnson                                  | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      6000 | NS      | $1059900.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| MarketAxess Holdings Inc.                   | MarketAxess Holdings, Inc.                         | CUSIP: 57060D108<br>LEI: 5493002U1CA1XJOVID83 | Long             | EC               | CORP              | US        |      2500 | NS      | $697225.00    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                     | MasterCard, Inc. Class A                           | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      2100 | NS      | $730233.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Mccormick & Company, Incorporated           | McCormick & Company, Inc.                          | CUSIP: 579780206<br>LEI: 549300JQQA6MQ4OJP259 | Long             | EC               | CORP              | US        |      5700 | NS      | $472473.00    | 1.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                       | Microsoft Corporation                              | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2400 | NS      | $575568.00    | 1.69%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc.                         | NextEra Energy Inc.                                | CUSIP: 65339F101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      7900 | NS      | $660440.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Nike, Inc.                                  | Nike, Inc. Class B                                 | CUSIP: 654106103<br>LEI: 787RXPR0UX0O0XUXPZ81 | Long             | EC               | CORP              | US        |      4500 | NS      | $526545.00    | 1.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                     | Republic Services, Inc.                            | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      5500 | NS      | $709445.00    | 2.08%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                | ResMed, Inc.                                       | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      2600 | NS      | $541138.00    | 1.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                    | Roper Technologies, Inc.                           | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       800 | NS      | $345672.00    | 1.02%             |  |  |  | No            |                  1 | On Loan: No      |
| SEI Investments Company                     | SEI Investments Company                            | CUSIP: 784117103<br>LEI: 5LJTIFADGZ6XH1RVOC11 | Long             | EC               | CORP              | US        |     14500 | NS      | $845350.00    | 2.48%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                  | Steris PLC (Ireland)                               | CUSIP: G8473T100<br>LEI: 549300F1857N5E6G6T48 | Long             | EC               | CORP              | IE        |      2700 | NS      | $498663.00    | 1.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                         | Stryker Corporation                                | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      4500 | NS      | $1100205.00   | 3.23%             |  |  |  | No            |                  1 | On Loan: No      |
| T. Rowe Price Group, Inc.                   | T. Rowe Price Group, Inc.                          | CUSIP: 74144T108<br>LEI: 549300SIV6FPS9Y7IH33 | Long             | EC               | CORP              | US        |      4500 | NS      | $490770.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty LLC                          | Terreno Realty Corporation                         | CUSIP: 88146M101<br>LEI: 54930030PMX75E3KJO08 | Long             | EC               | CORP              | US        |      3000 | NS      | $170610.00    | 0.50%             |  |  |  | No            |                  1 | On Loan: No      |
| The J. M. Smucker Company                   | The J.M. Smucker Company                           | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      8200 | NS      | $1299372.00   | 3.82%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Department of the Treasury    | U.S. Government Treasury Bill, 0.00%, 01/05/2023   | CUSIP: 912796X95<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1620000 | PA      | $1619672.76   | 4.76%             | 2023-01-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                      | Verisk Analytics, Inc.                             | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      2000 | NS      | $352840.00    | 1.04%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                                   | Visa, Inc. Class A                                 | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4900 | NS      | $1018024.00   | 2.99%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                     | Waste Connections, Inc. (Canada)                   | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      4300 | NS      | $570008.00    | 1.67%             |  |  |  | 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