# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-25-000955
**Filing Date:** 2025-11
**Character Count:** 8170
**Document Hash:** d24921ff7d9537cba7ff02f77c57345d
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000955.hdr.sgml**: 20251120

**ACCESSION NUMBER**: 0001413042-25-000955

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251120

**DATE AS OF CHANGE**: 20251120

**PERIOD START**: 20260630

**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:** 251502750

**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

### Cargile Fund (Series ID: S000062392)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000202401 | Cargile Fund | CFNDX           |

## Nport-Ex

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Cargile Fund** | **Cargile Fund** | **Cargile Fund** | **Cargile Fund** | **Cargile Fund** |
|  |  | **Schedule of Investments** | **Schedule of Investments** | **Schedule of Investments** |
|  | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** | **September 30, 2025 (Unaudited)** |
| **Shares** |  |  | **Fair Value** | **% of Net Assets** |
| **EXCHANGE TRADED FUNDS** | **EXCHANGE TRADED FUNDS** |  |  |  |
| **Equity** |  |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5976 | Vanguard 500 Index Fund ETF + |  | $3659583 |  |
| **Total for Exchange Traded Funds (Cost - $3,388,497)** | **Total for Exchange Traded Funds (Cost - $3,388,497)** | **Total for Exchange Traded Funds (Cost - $3,388,497)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3659583 | 27.85% |
| **MONEY MARKET FUNDS** | **MONEY MARKET FUNDS** |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9516545 | Goldman Sachs Financial Square Government Fund | Goldman Sachs Financial Square Government Fund |  |  |
|  | &nbsp;&nbsp;&nbsp;&nbsp;Institutional Class - 3.99% ++ \* | &nbsp;&nbsp;&nbsp;&nbsp;Institutional Class - 3.99% ++ \* | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9516545 |  |
| **Total for Money Market Funds (Cost - $9,516,545)** | **Total for Money Market Funds (Cost - $9,516,545)** | **Total for Money Market Funds (Cost - $9,516,545)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9516545 | 72.41% |
|  | **Total Investments (Cost - $12,905,042)** | **Total Investments (Cost - $12,905,042)** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13176128 | 100.26% |
|  | **Liabilities in Excess of Other Assets** | **Liabilities in Excess of Other Assets** | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(33476) | -0.26% |
|  | **Net Assets** |  | $13142652 | 100.00% |
| + Additional Information, including current Prospectus and Annual Reports, are available at: | + Additional Information, including current Prospectus and Annual Reports, are available at: | + Additional Information, including current Prospectus and Annual Reports, are available at: | + Additional Information, including current Prospectus and Annual Reports, are available at: |  |
| https://vanguard.com | https://vanguard.com |  |  |  |
| ++ Additional Information, including current Prospectus and Annual Reports, are available at: | ++ Additional Information, including current Prospectus and Annual Reports, are available at: | ++ Additional Information, including current Prospectus and Annual Reports, are available at: | ++ Additional Information, including current Prospectus and Annual Reports, are available at: |  |
| https://www.gsam.com | https://www.gsam.com |  |  |  |
| \* The rate shown represents the 7-day yield at September 30, 2025. | \* The rate shown represents the 7-day yield at September 30, 2025. | \* The rate shown represents the 7-day yield at September 30, 2025. | \* The rate shown represents the 7-day yield at September 30, 2025. |  |

---

## 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:** Cargile Fund

- **b. EDGAR series identifier (if any):** S000062392

- **c. LEI of Series:** 549300DBZNEXVZ7EXT45

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

- **a. Date of fiscal year-end:** 2026-06-30

- **b. Date as of which information is reported:** 2025-09-30

**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:** $13206159.64

**Total Liabilities:** $63507.66

**Net Assets:** $13142651.98

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000202401 | 1.84%                | 1.70%                | 2.50%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $0.00                    | $258488.64                                 |
| Month 2  | $0.00                    | $237994.56                                 |
| Month 3  | $1089470.40              | $-765633.34                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund Institutional Cass | Goldman Sachs Financial Square Government Fund Institutional Class | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   9516545 | NS      | $9516544.87   | 72.41%            |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds - Vanguard 500 Index Fund                                          | Vanguard 500 Index Fund ETF Shares                                 | CUSIP: 922908363<br>LEI: 12WZ1W76P8QD4VJ6OB47 | Long             | EC               | RF                | US        |      5976 | NS      | $3659582.88   | 27.85%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-20

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer