# EDGAR Filing Document

**Accession Number:** 0001103243
**File Stem:** 0001413042-25-000642
**Filing Date:** 2025-8
**Character Count:** 17827
**Document Hash:** 500491071114fa95e09701a7201dd440
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001413042-25-000642.hdr.sgml**: 20250808

**ACCESSION NUMBER**: 0001413042-25-000642

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250808

**DATE AS OF CHANGE**: 20250808

**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:** 251197749

**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 | No-Load      | 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:** 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:** $34770903.47

**Total Liabilities:** $149150.93

**Net Assets:** $34621752.54

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000210708 | -1.22%               | 2.97%                | -0.26%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $572.86                  | $-390422.18                                |
| Month 2  | $742200.14               | $169641.91                                 |
| Month 3  | $328825.17               | $-453415.94                                |

### 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   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Abbott Laboratories                         | Abbott Laboratories                                                 | CUSIP: 002824100<br>LEI: HQD377W2YR662HK5JX27 | Long             | EC               | CORP              | US        |      9400 | NS      | $1278494.00   | 3.69%             |  |  |  | No            |                  1 | On Loan: No      |
| Accenture PLC                               | Accenture PLC - Class A (Ireland)                                   | CUSIP: G1151C101<br>LEI: 549300PNIE0WGWUTXU86 | Long             | EC               | CORP              | IE        |      3600 | NS      | $1076004.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Amphenol Corporation                        | Amphenol Corporation - Class A                                      | CUSIP: 032095101<br>LEI: 549300D3L3G0R4U4VT04 | Long             | EC               | CORP              | US        |     12800 | NS      | $1264000.00   | 3.65%             |  |  |  | No            |                  1 | On Loan: No      |
| Automatic Data Processing, Inc.             | Automatic Data Processing, Inc.                                     | CUSIP: 053015103<br>LEI: HGBOLILQXWER4SAL2I23 | Long             | EC               | CORP              | US        |      2100 | NS      | $647640.00    | 1.87%             |  |  |  | No            |                  1 | On Loan: No      |
| Becton, Dickinson and Company               | Becton, Dickinson and Company                                       | CUSIP: 075887109<br>LEI: ICE2EP6D98PQUILVRZ91 | Long             | EC               | CORP              | US        |      2700 | NS      | $465075.00    | 1.34%             |  |  |  | No            |                  1 | On Loan: No      |
| BlackRock, Inc.                             | BlackRock, Inc.                                                     | CUSIP: 09247X101<br>LEI: 549300LRIF3NWCU26A80 | Long             | EC               | CORP              | US        |       650 | NS      | $682012.50    | 1.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Brown & Brown, Inc.                         | Brown & Brown, Inc.                                                 | CUSIP: 115236101<br>LEI: 549300PC8KTJ71XKFY89 | Long             | EC               | CORP              | US        |      7400 | NS      | $820438.00    | 2.37%             |  |  |  | No            |                  1 | On Loan: No      |
| Church & Dwight Co., Inc.                   | Church & Dwight Co., Inc.                                           | CUSIP: 171340102<br>LEI: POOXSI30AWAQGYJZC921 | Long             | EC               | CORP              | US        |      7000 | NS      | $672770.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Comcast Corporation                         | Comcast Corporation - Class A                                       | CUSIP: 20030N101<br>LEI: 51M0QTTNCGUN7KFCFZ59 | Long             | EC               | CORP              | US        |     21900 | NS      | $781611.00    | 2.26%             |  |  |  | No            |                  1 | On Loan: No      |
| Costco Wholesale Corporation                | Costco Wholesale Corporation                                        | CUSIP: 22160K105<br>LEI: 29DX7H14B9S6O3FD6V18 | Long             | EC               | CORP              | US        |       500 | NS      | $494970.00    | 1.43%             |  |  |  | No            |                  1 | On Loan: No      |
| Essential Utilities, Inc.                   | Essential Utilities, Inc.                                           | CUSIP: 29670G102<br>LEI: 549300ILTEOF3E3QY357 | Long             | EC               | CORP              | US        |     18800 | NS      | $698232.00    | 2.02%             |  |  |  | No            |                  1 | On Loan: No      |
| Expeditors International of Washington, Inc | Expeditors International of Washington, Inc                         | CUSIP: 302130109<br>LEI: 984500B055A804AB6E40 | Long             | EC               | CORP              | US        |      3500 | NS      | $399875.00    | 1.15%             |  |  |  | No            |                  1 | On Loan: No      |
| FactSet Research Systems, Inc.              | FactSet Research Systems, Inc.                                      | CUSIP: 303075105<br>LEI: 549300ZSJE7NBK6K9P30 | Long             | EC               | CORP              | US        |      1900 | NS      | $849832.00    | 2.45%             |  |  |  | No            |                  1 | On Loan: No      |
| Genpact Limited                             | Genpact Limited (Bermuda)                                           | CUSIP: G3922B107<br>LEI: 529900OSEC6Q0L4L5B35 | Long             | EC               | CORP              | BM        |     24500 | NS      | $1078245.00   | 3.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Goldman Sachs Trust                         | Goldman Sachs Financial Square Government Fund Institutional Shares | CUSIP: 38141W273<br>LEI: 549300BRJMXN4GUWZ402 | Long             | STIV             | RF                | US        |   1246333 | NS      | $1246333.07   | 3.60%             |  |  |  | No            |                  1 | On Loan: No      |
| Intercontinental Exchange, Inc.             | Intercontinental Exchange, Inc.                                     | CUSIP: 45866F104<br>LEI: 5493000F4ZO33MV32P92 | Long             | EC               | CORP              | US        |      7800 | NS      | $1431066.00   | 4.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Jack Henry & Associates, Inc.               | Jack Henry & Associates, Inc                                        | CUSIP: 426281101<br>LEI: 529900X1QS8C54W0JB21 | Long             | EC               | CORP              | US        |      6300 | NS      | $1135071.00   | 3.28%             |  |  |  | No            |                  1 | On Loan: No      |
| Johnson & Johnson                           | Johnson & Johnson                                                   | CUSIP: 478160104<br>LEI: 549300G0CFPGEF6X2043 | Long             | EC               | CORP              | US        |      2700 | NS      | $412425.00    | 1.19%             |  |  |  | No            |                  1 | On Loan: No      |
| MasterCard Incorporated                     | MasterCard, Incorporated - Class A                                  | CUSIP: 57636Q104<br>LEI: AR5L2ODV9HN37376R084 | Long             | EC               | CORP              | US        |      1900 | NS      | $1067686.00   | 3.08%             |  |  |  | No            |                  1 | On Loan: No      |
| Microsoft Corporation                       | Microsoft Corporation                                               | CUSIP: 594918104<br>LEI: INR2EJN1ERAN0W5ZP974 | Long             | EC               | CORP              | US        |      2200 | NS      | $1094302.00   | 3.16%             |  |  |  | No            |                  1 | On Loan: No      |
| NextEra Energy Inc.                         | NextEra Energy, Inc.                                                | CUSIP: 65339F101<br>LEI: 254900RHL9MEUS5NKX63 | Long             | EC               | CORP              | US        |     13000 | NS      | $902460.00    | 2.61%             |  |  |  | No            |                  1 | On Loan: No      |
| Republic Services, Inc.                     | Republic Services, Inc.                                             | CUSIP: 760759100<br>LEI: NKNQHM6BLECKVOQP7O46 | Long             | EC               | CORP              | US        |      2300 | NS      | $567203.00    | 1.64%             |  |  |  | No            |                  1 | On Loan: No      |
| ResMed, Inc.                                | ResMed, Inc.                                                        | CUSIP: 761152107<br>LEI: 529900T3QE5253CCXF22 | Long             | EC               | CORP              | US        |      4800 | NS      | $1238400.00   | 3.58%             |  |  |  | No            |                  1 | On Loan: No      |
| Roper Technologies, Inc.                    | Roper Technologies, Inc.                                            | CUSIP: 776696106<br>LEI: 54930003T4SXCIWVXY35 | Long             | EC               | CORP              | US        |       900 | NS      | $510156.00    | 1.47%             |  |  |  | No            |                  1 | On Loan: No      |
| Steris PLC                                  | Steris PLC (Ireland)                                                | CUSIP: G8473T100<br>LEI: 549300F1857N5E6G6T48 | Long             | EC               | CORP              | IE        |      4300 | NS      | $1032946.00   | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Stryker Corporation                         | Stryker Corporation                                                 | CUSIP: 863667101<br>LEI: 5493002F0SC4JTBU5137 | Long             | EC               | CORP              | US        |      2600 | NS      | $1028638.00   | 2.97%             |  |  |  | No            |                  1 | On Loan: No      |
| Terreno Realty Corporation                  | Terreno Realty Corporation                                          | CUSIP: 88146M101<br>LEI: N/A                  | Long             | EC               | CORP              | US        |     13300 | NS      | $745731.00    | 2.15%             |  |  |  | No            |                  1 | On Loan: No      |
| The J. M. Smucker Company                   | The J.M. Smucker Company                                            | CUSIP: 832696405<br>LEI: 5493000WDH6A0LHDJD55 | Long             | EC               | CORP              | US        |      2800 | NS      | $274960.00    | 0.79%             |  |  |  | No            |                  1 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 07/01/2025                         | CUSIP: 912797PU5<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | GB        |   1250000 | PA      | $1250000.00   | 3.61%             | 2025-07-01      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 07/08/2025                         | CUSIP: 912797PZ4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1248990.25   | 3.61%             | 2025-07-08      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 07/15/2025                         | CUSIP: 912797QA8<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1247973.13   | 3.60%             | 2025-07-15      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 07/22/2025                         | CUSIP: 912797QB6<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1250000 | PA      | $1246968.38   | 3.60%             | 2025-07-22      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 07/29/2025                         | CUSIP: 912797QC4<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $996767.20    | 2.88%             | 2025-07-29      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| United States Department Of The Treasury    | United States Treasury 0.00% Due 08/05/2025                         | CUSIP: 912797QH3<br>LEI: 254900HROIFWPRGM1V77 | Long             | DBT              | UST               | US        |   1000000 | PA      | $995859.10    | 2.88%             | 2025-08-05      | Fixed         | 0.00%                 | No            |                  2 | On Loan: No      |
| Verisk Analytics, Inc.                      | Verisk Analytics, Inc.                                              | CUSIP: 92345Y106<br>LEI: 549300I1YSWNIRKBWP67 | Long             | EC               | CORP              | US        |      1600 | NS      | $498400.00    | 1.44%             |  |  |  | No            |                  1 | On Loan: No      |
| Visa Inc.                                   | Visa, Inc. - Class A                                                | CUSIP: 92826C839<br>LEI: 549300JZ4OKEHW3DPJ59 | Long             | EC               | CORP              | US        |      4000 | NS      | $1420200.00   | 4.10%             |  |  |  | No            |                  1 | On Loan: No      |
| Waste Connections, Inc.                     | Waste Connections, Inc. (Canada)                                    | CUSIP: 94106B101<br>LEI: 549300HDLRTPBQU69P29 | Long             | EC               | CORP              | CA        |      3600 | NS      | $672192.00    | 1.94%             |  |  |  | No            |                  1 | On Loan: No      |
| Zoetis, Inc.                                | Zoetis, Inc. - Class A                                              | CUSIP: 98978V103<br>LEI: 549300HD9Q1LOC9KLJ48 | Long             | EC               | CORP              | US        |      7600 | NS      | $1185220.00   | 3.42%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

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

**Name of Applicant:** PFS Funds

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

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

**Title:** Secretary and Treasurer