# EDGAR Filing Document

**Accession Number:** 0001539996
**File Stem:** 0001162044-25-000924
**Filing Date:** 2025-8
**Character Count:** 15365
**Document Hash:** 169f4cd0b0f58c62a40231f7e79005e2
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001162044-25-000924.hdr.sgml**: 20250828

**ACCESSION NUMBER**: 0001162044-25-000924

**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:** 251268765

**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 Income Fund (Series ID: S000036987)

| Class ID   | Class Name                           | Ticker Symbol   |
|:---|:---|:---|
| C000113165 | DSS AmericaFirst Income Fund Class A | AFPAX           |
| C000113166 | DSS AmericaFirst Income Fund Class U | AFPUX           |
| C000113167 | DSS AmericaFirst Income Fund Class I | AFPIX           |

## 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 Income Fund

- **b. EDGAR series identifier (if any):** S000036987

- **c. LEI of Series:** 549300T45YWXYYZPCH94

**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:** $11164617.65

**Total Liabilities:** $55277.78

**Net Assets:** $11109339.87

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000113165 | -5.42%               | 4.07%                | 4.20%                |
| Class ID C000113166 | -5.49%               | 4.02%                | 4.38%                |
| Class ID C000113167 | -5.42%               | 4.03%                | 4.38%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-309316.96              | $-309560.98                                |
| Month 2  | $-42191.71               | $455510.26                                 |
| Month 3  | $137060.45               | $319453.21                                 |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Agnico Eagle Mines Ltd.                               | Agnico Eagle Mines Ltd.                      | CUSIP: 008474108<br>LEI: YGE0EUBRF7IJOB3QRX76 | Long             | EC               | CORP              | CA        |      3748 | NS      | $445749.64    | 4.02%             |  |  |  | No            |                  1 | On Loan: No      |
| AvalonBay Communities, Inc.                           | AvalonBay Communities, Inc.                  | CUSIP: 053484101<br>LEI: K9G90K85RBWD2LAGQX17 | Long             | EC               | CORP              | US        |      1079 | NS      | $219576.50    | 1.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Baker Hughes Co.                                      | Baker Hughes Co. Class A                     | CUSIP: 05722G100<br>LEI: 549300XU3XH6F05YEQ93 | Long             | EC               | CORP              | US        |      5865 | NS      | $224864.10    | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Bank of America Corp.                                 | Bank of America Corp.                        | CUSIP: 060505104<br>LEI: 9DJT3UXIJIZJI4WXO774 | Long             | EC               | CORP              | US        |      5546 | NS      | $262436.72    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Barrick Gold Corp.                                    | Barrick Gold Corp.                           | CUSIP: 069701108<br>LEI: N/A                  | Long             | EC               | CORP              | CA        |     23875 | NS      | $497077.50    | 4.49%             |  |  |  | No            |                  1 | On Loan: No      |
| Broadcom, Inc.                                        | Broadcom, Inc.                               | CUSIP: 11135F101<br>LEI: 549300WV6GIDOZJTV909 | Long             | EC               | CORP              | US        |      1724 | NS      | $475220.60    | 4.29%             |  |  |  | No            |                  1 | On Loan: No      |
| Dominion Energy, Inc.                                 | Dominion Energy, Inc.                        | CUSIP: 25746U109<br>LEI: ILUL7B6Z54MRYCF6H308 | Long             | EC               | CORP              | US        |      4390 | NS      | $248122.80    | 2.24%             |  |  |  | No            |                  1 | On Loan: No      |
| Duke Energy Corp.                                     | Duke Energy Corp.                            | CUSIP: 26441C204<br>LEI: I1BZKREC126H0VB1BL91 | Long             | EC               | CORP              | US        |      2589 | NS      | $305502.00    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Equinix, Inc.                                         | Equinix, Inc.                                | CUSIP: 29444U700<br>LEI: 549300EVUN2BTLJ3GT74 | Long             | EC               | CORP              | US        |       309 | NS      | $245800.23    | 2.22%             |  |  |  | No            |                  1 | On Loan: No      |
| Equity Residential                                    | Equity Residential                           | CUSIP: 29476L107<br>LEI: 5493008RACSH5EP3PI59 | Long             | EC               | CORP              | US        |      3983 | NS      | $268812.67    | 2.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Federated Hermes Institutional Prime Obligations Fund | Federated Prime Obligations                  | CUSIP: 60934N203<br>LEI: N/A                  | Long             | STIV             | RF                | US        |   1318142 | NS      | $1318142.25   | 11.90%            |  |  |  | No            |                  1 | On Loan: No      |
| Fidelity National Information Services, Inc.          | Fidelity National Information Services, Inc. | CUSIP: 31620M106<br>LEI: 6WQI0GK1PRFVBA061U48 | Long             | EC               | CORP              | US        |      2421 | NS      | $197093.61    | 1.78%             |  |  |  | No            |                  1 | On Loan: No      |
| Fifth Third Bancorp                                   | Fifth Third Bancorp                          | CUSIP: 316773100<br>LEI: THRNG6BD57P9QWTQLG42 | Long             | EC               | CORP              | US        |      7421 | NS      | $305225.73    | 2.76%             |  |  |  | No            |                  1 | On Loan: No      |
| Hercules Capital, Inc.                                | Hercules Capital, Inc.                       | CUSIP: 427096508<br>LEI: 549300UJ5OC256GR2B73 | Long             | EC               | CORP              | US        |     12436 | NS      | $227330.08    | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Himax Technologies, Inc.                              | Himax Technologies, Inc.                     | CUSIP: 43289P106<br>LEI: N/A                  | Long             | EC               | CORP              | KY        |     42496 | NS      | $379489.28    | 3.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Huntington Ingalls Industries, Inc.                   | Huntington Ingalls Industries, Inc.          | CUSIP: 446413106<br>LEI: 5TZLZ6WJTBVJ0QWBG121 | Long             | EC               | CORP              | US        |      2316 | NS      | $559221.36    | 5.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Jackson Financial, Inc.                               | Jackson Financial, Inc.                      | CUSIP: 46817M107<br>LEI: N/A                  | Long             | EC               | CORP              | US        |      5213 | NS      | $462862.27    | 4.18%             |  |  |  | No            |                  1 | On Loan: No      |
| Kimberly-Clark Corp.                                  | Kimberly-Clark Corp.                         | CUSIP: 494368103<br>LEI: MP3J6QPYPGN75NVW2S34 | Long             | EC               | CORP              | US        |      1969 | NS      | $253843.48    | 2.29%             |  |  |  | No            |                  1 | On Loan: No      |
| MetLife, Inc.                                         | MetLife, Inc.                                | CUSIP: 59156R108<br>LEI: C4BXATY60WC6XEOZDX54 | Long             | EC               | CORP              | US        |      3466 | NS      | $278735.72    | 2.52%             |  |  |  | No            |                  1 | On Loan: No      |
| Meta Platforms, Inc.                                  | Meta Platforms, Inc. Class A                 | CUSIP: 30303M102<br>LEI: BQ4BKCS1HXDV9HN80Z93 | Long             | EC               | CORP              | US        |       412 | NS      | $304093.08    | 2.75%             |  |  |  | No            |                  1 | On Loan: No      |
| Newmont Corp.                                         | Newmont Corp.                                | CUSIP: 651639106<br>LEI: 549300VSP3RIX7FGDZ51 | Long             | EC               | CORP              | US        |      8321 | NS      | $484781.46    | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Oracle Corp.                                          | Oracle Corp.                                 | CUSIP: 68389X105<br>LEI: 1Z4GXXU7ZHVWFCD8TV52 | Long             | EC               | CORP              | US        |      1304 | NS      | $285093.52    | 2.57%             |  |  |  | No            |                  1 | On Loan: No      |
| Packaging Corp. of America                            | Packaging Corp. of America                   | CUSIP: 695156109<br>LEI: 549300XZP8MFZFY8TJ84 | Long             | EC               | CORP              | US        |       854 | NS      | $160936.30    | 1.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Peabody Energy Corp.                                  | Peabody Energy Corp.                         | CUSIP: 704551100<br>LEI: EJCO258LNNVSKAR2JX59 | Long             | EC               | CORP              | US        |     23273 | NS      | $312323.66    | 2.82%             |  |  |  | No            |                  1 | On Loan: No      |
| Philip Morris International, Inc.                     | Philip Morris International, Inc.            | CUSIP: 718172109<br>LEI: HL3H1H2BGXWVG3BSWR90 | Long             | EC               | CORP              | US        |      2412 | NS      | $439297.56    | 3.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Public Service Enterprise Group, Inc.                 | Public Service Enterprise Group, Inc.        | CUSIP: 744573106<br>LEI: PUSS41EMO3E6XXNV3U28 | Long             | EC               | CORP              | US        |      4015 | NS      | $337982.70    | 3.05%             |  |  |  | No            |                  1 | On Loan: No      |
| RTX Corp.                                             | RTX Corp.                                    | CUSIP: 75513E101<br>LEI: I07WOS4YJ0N7YRFE7309 | Long             | EC               | CORP              | US        |      1922 | NS      | $280650.44    | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| Seagate Technology Holdings plc                       | Seagate Technology Holdings plc              | CUSIP: G7945M107<br>LEI: 396PBGKP6TE3O062MS44 | Long             | EC               | CORP              | IE        |      1569 | NS      | $226453.77    | 2.04%             |  |  |  | No            |                  1 | On Loan: No      |
| State Street Corp.                                    | State Street Corp.                           | CUSIP: 857477103<br>LEI: 549300ZFEEJ2IP5VME73 | Long             | EC               | CORP              | US        |      2271 | NS      | $241498.14    | 2.18%             |  |  |  | No            |                  1 | On Loan: No      |
| The Blackstone Group, Inc.                            | The Blackstone Group, Inc.                   | CUSIP: 09253U108<br>LEI: 5299004LW4QWGZUB8Y96 | Long             | EC               | CORP              | US        |      2426 | NS      | $362881.08    | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| The TJX Cos., Inc.                                    | The TJX Cos., Inc.                           | CUSIP: 872540109<br>LEI: V167QI9I69W364E2DY52 | Long             | EC               | CORP              | US        |      1507 | NS      | $186099.43    | 1.68%             |  |  |  | No            |                  1 | On Loan: No      |
| Ventas, Inc.                                          | Ventas, Inc.                                 | CUSIP: 92276F100<br>LEI: ORQTRC074CWLT3DKHT41 | Long             | EC               | CORP              | US        |      3476 | NS      | $219509.40    | 1.98%             |  |  |  | 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