# EDGAR Filing Document

**Accession Number:** 0001539996
**File Stem:** 0001162044-25-000918
**Filing Date:** 2025-8
**Character Count:** 17166
**Document Hash:** b77929652ad179c59159cfc5028b4ebb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-000918.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001162044-25-000918

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250828

**DATE AS OF CHANGE**: 20250828

**PERIOD START**: 20250630

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** DSS AMERICAFIRST FUNDS
- **CENTRAL INDEX KEY:** 0001539996

**ORGANIZATION NAME:**
- **EIN:** 000000000

**FILING VALUES:**
- **FORM TYPE:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-22669
- **FILM NUMBER:** 251268647

**BUSINESS ADDRESS:**
- **STREET 1:** 9700 VILLAGE CENTER DRIVE
- **STREET 2:** SUITE 50-N
- **CITY:** GRANITE BAY
- **STATE:** CA
- **ZIP:** 95746
- **BUSINESS PHONE:** 916-757-6862

**MAIL ADDRESS:**
- **STREET 1:** 9700 VILLAGE CENTER DRIVE
- **STREET 2:** SUITE 50-N
- **CITY:** GRANITE BAY
- **STATE:** CA
- **ZIP:** 95746

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** DSS AMERICAFIRST QUANTITATIVE FUNDS
- **DATE OF NAME CHANGE:** 20211112

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AMERICAFIRST QUANTITATIVE FUNDS
- **DATE OF NAME CHANGE:** 20120119

## Series and Classes Contracts Data

### DSS AmericaFirst Alpha Trends Factor Fund (Series ID: S000056070)

| Class ID   | Class Name                                        | Ticker Symbol   |
|:---|:---|:---|
| C000176638 | DSS AmericaFirst Alpha Trends Factor Fund Class A | SBQAX           |
| C000176639 | DSS AmericaFirst Alpha Trends Factor Fund Class I | SBQIX           |
| C000176640 | DSS AmericaFirst Alpha Trends Factor Fund Class U | SBQUX           |

## Form NPORT-P: Monthly Portfolio Investments Report

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

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

- **a. Name of Registrant:** DSS AMERICAFIRST FUNDS

- **b. Investment Company Act file number:** 811-22669

- **c. CIK number of Registrant:** 0001539996

- **d. LEI of Registrant:** 549300KFIJ1ZWDPJB360

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

  - **Street Address 1:** 9700 Village Center Drive

  - **City:** Granite Bay

  - **State:** CA

  - **Foreign country:** US

  - **Zip / Postal Code:** 95746

  - **Telephone number:** 916-787-9940

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

- **a. Name of Series:** DSS AmericaFirst Alpha Trends Factor Fund

- **b. EDGAR series identifier (if any):** S000056070

- **c. LEI of Series:** 549300NEEZJ503EZUM16

**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:** $2061060.66

**Total Liabilities:** $28177.97

**Net Assets:** $2032882.69

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000176638 | -3.04%               | 4.34%                | 5.62%                |
| Class ID C000176640 | -3.09%               | 4.31%                | 5.53%                |
| Class ID C000176639 | -3.07%               | 4.40%                | 5.69%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-42809.21               | $-21335.53                                 |
| Month 2  | $24665.02                | $67948.62                                  |
| Month 3  | $17905.13                | $94820.16                                  |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Aflac, Inc.                                           | Aflac, Inc.                         | CUSIP: 001055102<br>LEI: 549300N0B7DOGLXWPP39 | Long             | EC               | CORP              | US        |       504 | NS      | $53151.84     | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Agnico Eagle Mines Ltd.                               | Agnico Eagle Mines Ltd.             | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |       652 | NS      | $77542.36     | 3.81%             |  |  |  | No            |                  1 | On Loan: No      |
| Ameriprise Financial, Inc.                            | Ameriprise Financial, Inc.          | CUSIP: 03076C106<br>LEI: 6ZLKQF7QB6JAEKQS5388 | Long             | EC               | CORP              | US        |       129 | NS      | $68851.17     | 3.39%             |  |  |  | No            |                  1 | On Loan: No      |
| AutoZone, Inc.                                        | AutoZone, Inc.                      | CUSIP: 053332102<br>LEI: GA3JGKJ41LJKXDN23E90 | Long             | EC               | CORP              | US        |        14 | NS      | $51971.22     | 2.56%             |  |  |  | No            |                  1 | On Loan: No      |
| BWX Technologies, Inc.                                | BWX Technologies, Inc.              | CUSIP: 05605H100<br>LEI: 549300NP85N265KWMS58 | Long             | EC               | CORP              | US        |       160 | NS      | $23049.60     | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                                      | Baker Hughes Co. Class A            | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |       870 | NS      | $33355.80     | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp.                                    | Barrick Gold Corp.                  | CUSIP: 069701108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |      4442 | NS      | $92482.44     | 4.55%             |  |  |  | No            |                  1 | On Loan: No      |
| Caterpillar, Inc.                                     | Caterpillar, Inc.                   | CUSIP: 149123101<br>LEI: WRJR7GS4GTRECRRTVX92 | Long             | EC               | CORP              | US        |       129 | NS      | $50079.09     | 2.46%             |  |  |  | No            |                  1 | On Loan: No      |
| Deckers Outdoor Corp.                                 | Deckers Outdoor Corp.               | CUSIP: 243537107<br>LEI: 5493008LG4W3I6K8J118 | Long             | EC               | CORP              | US        |       435 | NS      | $44835.45     | 2.21%             |  |  |  | No            |                  1 | On Loan: No      |
| DexCom, Inc.                                          | DexCom, Inc.                        | CUSIP: 252131107<br>LEI: 549300YSK3QDSFR5EU59 | Long             | EC               | CORP              | US        |       798 | NS      | $69657.42     | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Fair Isaac Corp.                                      | Fair Isaac Corp.                    | CUSIP: 303250104<br>LEI: RI6HET5SJUEY30V1PS26 | Long             | EC               | CORP              | US        |        14 | NS      | $25591.44     | 1.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Institutional Prime Obligations Fund | Federated Prime Obligations         | CUSIP: 60934N203<br>LEI: N/A                  | Long             | STIV             | RF                | US        |     11738 | NS      | $11737.54     | 0.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Gartner, Inc.                                         | Gartner, Inc.                       | CUSIP: 366651107<br>LEI: PP55B5R38BFB8O8HH686 | Long             | EC               | CORP              | US        |        71 | NS      | $28699.62     | 1.41%             |  |  |  | No            |                  1 | On Loan: No      |
| GoDaddy, Inc.                                         | GoDaddy, Inc.                       | CUSIP: 380237107<br>LEI: 549300J8H1TB0I2CB447 | Long             | EC               | CORP              | US        |       123 | NS      | $22147.38     | 1.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies, Inc.                              | Himax Technologies, Inc.            | CUSIP: 43289P106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |      6360 | NS      | $56794.80     | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                   | Huntington Ingalls Industries, Inc. | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |       437 | NS      | $105518.02    | 5.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Loews Corp.                                           | Loews Corp.                         | CUSIP: 540424108<br>LEI: R8V1FN4M5ITGZOG7BS19 | Long             | EC               | CORP              | US        |       618 | NS      | $56645.88     | 2.79%             |  |  |  | No            |                  1 | On Loan: No      |
| McKesson Corp.                                        | McKesson Corp.                      | CUSIP: 58155Q103<br>LEI: 549300WZWOM80UCFSF54 | Long             | EC               | CORP              | US        |        50 | NS      | $36639.00     | 1.80%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                         | MetLife, Inc.                       | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |       553 | NS      | $44472.26     | 2.19%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                  | Meta Platforms, Inc. Class A        | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |        54 | NS      | $39856.86     | 1.96%             |  |  |  | No            |                  1 | On Loan: No      |
| Micron Technology, Inc.                               | Micron Technology, Inc.             | CUSIP: 595112103<br>LEI: B3DXGBC8GAIYWI2Z0172 | Long             | EC               | CORP              | US        |       685 | NS      | $84426.25     | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corp.                                       | Microsoft Corp.                     | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |       112 | NS      | $55709.92     | 2.74%             |  |  |  | No            |                  1 | On Loan: No      |
| NRG Energy, Inc.                                      | NRG Energy, Inc.                    | CUSIP: 629377508<br>LEI: 5E2UPK5SW04M13XY7I38 | Long             | EC               | CORP              | US        |       440 | NS      | $70655.20     | 3.48%             |  |  |  | No            |                  1 | On Loan: No      |
| NVIDIA Corp.                                          | NVIDIA Corp.                        | CUSIP: 67066G104<br>LEI: 549300S4KLFTLO7GSQ80 | Long             | EC               | CORP              | US        |       612 | NS      | $96689.88     | 4.76%             |  |  |  | No            |                  1 | On Loan: No      |
| NVR, Inc.                                             | NVR, Inc.                           | CUSIP: 62944T105<br>LEI: 529900RWXR4JI3JYTV70 | Long             | EC               | CORP              | US        |         7 | NS      | $51699.62     | 2.54%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                         | Newmont Corp.                       | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      1448 | NS      | $84360.48     | 4.15%             |  |  |  | No            |                  1 | On Loan: No      |
| Nextracker, Inc.                                      | Nextracker, Inc.                    | CUSIP: 65290E101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |       967 | NS      | $52575.79     | 2.59%             |  |  |  | No            |                  1 | On Loan: No      |
| NuScale Power Corp.                                   | NuScale Power Corp.                 | CUSIP: 67079K100<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      1100 | NS      | $43516.00     | 2.14%             |  |  |  | No            |                  1 | On Loan: No      |
| OReilly Automotive, Inc.                              | OReilly Automotive, Inc.            | CUSIP: 67103H107<br>LEI: 549300K2RLMQL149Q332 | Long             | EC               | CORP              | US        |       570 | NS      | $51374.10     | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Old Dominion Freight Line, Inc.                       | Old Dominion Freight Line, Inc.     | CUSIP: 679580100<br>LEI: 5299009TWK32WE417T96 | Long             | EC               | CORP              | US        |       133 | NS      | $21585.90     | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                          | Oracle Corp.                        | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |       222 | NS      | $48535.86     | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                                  | Peabody Energy Corp.                | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |      4504 | NS      | $60443.68     | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Synchrony Financial                                   | Synchrony Financial                 | CUSIP: 87165B103<br>LEI: 549300RS7EWPM9MA6C78 | Long             | EC               | CORP              | US        |       820 | NS      | $54726.80     | 2.69%             |  |  |  | No            |                  1 | On Loan: No      |
| TG Therapeutics, Inc.                                 | TG Therapeutics, Inc.               | CUSIP: 88322Q108<br>LEI: 529900X21UKABN9NJ529 | Long             | EC               | CORP              | US        |       803 | NS      | $28899.97     | 1.42%             |  |  |  | No            |                  1 | On Loan: No      |
| The Boeing Co.                                        | The Boeing Co.                      | CUSIP: 097023105<br>LEI: RVHJWBXLJ1RFUBSY1F30 | Long             | EC               | CORP              | US        |       105 | NS      | $22000.65     | 1.08%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Cos., Inc.                                    | The TJX Cos., Inc.                  | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |       373 | NS      | $46061.77     | 2.27%             |  |  |  | No            |                  1 | On Loan: No      |
| United Rentals, Inc.                                  | United Rentals, Inc.                | CUSIP: 911363109<br>LEI: 5323X5O7RN0NKFCDRY08 | Long             | EC               | CORP              | US        |        92 | NS      | $69312.80     | 3.41%             |  |  |  | No            |                  1 | On Loan: No      |
| Verona Pharma plc                                     | Verona Pharma plc                   | CUSIP: 925050106<br>LEI: 213800EVI6O6J3TIAL06 | Long             | EC               | CORP              | GB        |       730 | NS      | $69043.40     | 3.40%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-06-30

**Name of Applicant:** AmericaFirst Quantitative Funds

**Signature:** /s/ Jason Grady

**Name of Signer:** Jason Grady

**Title:** President