# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-25-000691
**Filing Date:** 2025-8
**Character Count:** 7571
**Document Hash:** de7bd2cd0d8af04309c20a4016ef86aa
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000691.hdr.sgml**: 20250826

**ACCESSION NUMBER**: 0001413042-25-000691

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250826

**DATE AS OF CHANGE**: 20250826

**PERIOD START**: 20250630

**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:** 251255441

**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

### Potomac Tactical Rotation Fund (Series ID: S000068710)

| Class ID   | Class Name                     | Ticker Symbol   |
|:---|:---|:---|
| C000219680 | Potomac Tactical Rotation Fund | CRTBX           |

## 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:** Potomac Tactical Rotation Fund

- **b. EDGAR series identifier (if any):** S000068710

- **c. LEI of Series:** 5493004QSZG082ITYI26

**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:** $175425754.44

**Total Liabilities:** $324498.61

**Net Assets:** $175101255.83

**Cash Not Reported:** $9074922.40

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000219680 | 2.13%                | -0.19%               | 2.46%                |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $2868308.56              | $167915.98                                 |
| Month 2  | $-575516.56              | $1665799.94                                |
| Month 3  | $405890.32               | $91012.99                                  |

**Designated Index Information**

- **Index Name:** S&P 500 (TR)

- **Index Identifier:** S&P500TR

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| BondBloxx ETF Trust                                                        | BondBloxx Bloomberg Six Month Target Duration US Treasury ETF | CUSIP: 09789C788<br>LEI: N/A                  | Long             | EC               | RF                | US        |    452493 | NS      | $22778497.62  | 13.01%            |  |  |  | No            |                  1 | On Loan: No      |
| Select Sector SPDR Trust - The Consumer Staples Select Sector SPDR Fund    | The Consumer Staples Select Sector SPDR Fund ETF              | CUSIP: 81369Y308<br>LEI: 549300Z52QUV3UXHLA68 | Long             | EC               | RF                | US        |    205651 | NS      | $16651561.47  | 9.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust - Goldman Sachs Financial Square Government Fund       | Goldman Sachs Financial Square Government Fund Institutional  | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   8132348 | NS      | $8132348.44   | 4.64%             |  |  |  | No            |                  1 | On Loan: No      |
| Invesco Exchange-Traded Fund Trust II - Invesco S&P 500 Low Volatility ETF | Invesco S&P 500 Low Volatility ETF                            | CUSIP: 46138E354<br>LEI: 549300FATA6ZCF8G1744 | Long             | EC               | RF                | US        |    230966 | NS      | $16818944.12  | 9.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Chicago Mercantile Exchange                                                | E-Mini S&P MidCap 400 Futures September 2025                  | CUSIP: N/A<br>LEI: SNZ2OJLFK8MNNCLQOF39       | N/A              | DE               | CORP              | US        |       277 | NS      | $1331669.19   | 0.76%             |  |  |  | No            |                  2 | On Loan: No      |
| SPDR Series Trust - SPDR Bloomberg High Yield Bond ETF                     | SPDR Bloomberg High Yield Bond ETF                            | CUSIP: 78468R622<br>LEI: 549300NCLW2248PN7J24 | Long             | EC               | RF                | US        |    174648 | NS      | $16988010.96  | 9.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Vanguard Index Funds - Vanguard Total Stock Market Index Fund              | Vanguard Total Stock Market Index Fund ETF Shares             | CUSIP: 922908769<br>LEI: HJ2RZRUQEVF2A5SPRB21 | Long             | EC               | RF                | US        |     56640 | NS      | $17214595.20  | 9.83%             |  |  |  | No            |                  1 | On Loan: No      |
| WisdomTree Trust - WisdomTree Japan Hedged Equity Fund                     | WisdomTree Japan Hedged Equity Fund                           | CUSIP: 97717W851<br>LEI: 549300MCUICL7FEQ7B68 | Long             | EC               | RF                | US        |    146849 | NS      | $16780435.23  | 9.58%             |  |  |  | No            |                  1 | On Loan: No      |
| iShares Trust - iShares 0-3 Month Treasury Bond ETF                        | iShares 0-3 Month Treasury Bond ETF                           | CUSIP: 46436E718<br>LEI: 549300L2T50TTT4U6186 | Long             | EC               | RF                | US        |    484717 | NS      | $48806154.73  | 27.87%            |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-08-26

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer