Schedule of Investments
March 31, 2022 (unaudited)
AmericaFirst Large Cap Share Buyback Fund
		Shares or Principal
Security Description		Amount ($)		Fair Value ($)(1)
Common Stocks - 97.50%
Agriculture Chemicals - 2.38%
CF Industries Holdings, Inc. (2)		1,067		109,965
Aircraft Part & Auxillary Equipment, NEC - 1.98%
Textron, Inc.		1,234		91,785
Arrangement of Transportation of Freight & Cargo - 2.00%
C.H. Robinson Worldwide, Inc.		859		92,523
Biological Products (No Diagnostic Substances) - 3.93%
Amgen, Inc.		391		94,552
Biogen, Inc. (2)		416		87,610
				182,162
Clinical Labs - 1.99%
Quest Diagnostics Inc.		675		92,381
Computer Communications Equipment - 2.03%
Gartner, Inc. (2)		316		93,997
Entertainment  - 1.82%
Fox Corporation Class B (2)		2,326		84,387
Fire, Marine & Casualty Insurance - 2.03%
American International Group, Inc.		1,502		94,281
Insurance Agents Brokers & Services - 2.12%
Aon PLC		302		98,340
Insurance Carriers, NEC - 2.09%
Assurant, Inc.		533		96,915
Investment Advice - 2.01%
Ameriprise Financial, Inc.		310		93,112
Miscellaneous-Paint Manfacturing & Distributor - 1.83%
The Sherwin-Williams Co.		340		84,871
National Commercial Banks - 5.61%
Bank of America Corporation		2,075		85,532
Comerica Incorporated		972		87,898
Zions Bancorporation N.A. (2)		1,317		86,343
				259,773
Operative Builders - 3.34%
NVR, Inc. (2)		18		80,411
PulteGroup, Inc.		1,773		74,289
				154,700
Personal Credit Institutions - 1.81%
Discover Financial Services (2)		761		83,855
Petroleum Refining - 4.04%
ConocoPhillips (2)		913		91,300
Marathon Petroleum Corp.		3,826		96,071
				187,371
Plastic Material, Synth Resin/Rubber, Cellulos (No Glass) - 1.93%
Sealed Air Corp.		1,334		89,325
Plastic Material, Synth Resins & Nonvulcan Elastomers - 1.85%
Eastman Chemical Co.		766		85,838
Retail-Auto & Home Supply Stores - 5.94%
Advance Auto Parts, Inc.		431		89,200
AutoZone, Inc. (2)		46		94,051
O'Reilly Automotive, Inc. (2)		134		91,785
				275,035
Retail - Building Materials, Hardware, & Garden Supply - 1.76%
Masco Corp.		1,602		81,702
Retail - Eating & Drinking Places - 1.87%
Domino's Pizza, Inc.		213		86,693
Retail - Eating Places - 1.87%
Yum! Brands, Inc.		733		86,882
Retail - Farming Supply Store - 2.17%
Tractor Supply Co. (2)		430		100,349
Retail-Grocery Stores - 2.27%
Koninklijke Ahold Delhaize NV ADR (2)		1		32
The Kroger Co.		1,829		104,930
				104,962
Retail-Lumber & Other Building Materials Dealers - 3.51%
The Home Depot, Inc.		276		82,615
Lowe's Cos., Inc.		396		80,067
				162,682
Retail-Miscellaneous Retail - 1.73%
Bath & Body Works, Inc.		1,681		80,352
Retail-Retail Stores, NEC - 2.05%
Ulta Beauty, Inc. (2)		238		94,776
Retail-Variety Stores - 1.91%
Target Corp.		416		88,283
Semiconductors & Related Devices - 1.88%
Applied Materials, Inc.		661		87,120
Services-Computer Intergrated Systems Design - 4.03%
Cerner Corp.		947		88,601
Jack Henry & Associates, Inc.		499		98,328
				186,929
Services-Computer Programming Services - 1.98%
VeriSign, Inc. (2)		413		91,876
Services-Computer Programming, Data Processing, Etc. - 2.02%
Meta Platforms, Inc. Class A (2)		421		93,613
Services-General Medical & Surgical Hospitals, Nec - 1.91%
HCA Healthcare, Inc.		353		88,469
Services-Home Building & Financial Services - 1.73%
Lenar Corporation Class B		1,173		80,174
Services-Prepackaged Software - 2.07%
Oracle Corp.		1,158		95,801
State Commercial Banks - 1.80%
Fifth Third Bancorp		1,941		83,540
Steel Works, Blast Furnaces Rolling Mills (Coke Ovens) - 2.10%
Nucor Corp.		656		97,514
Wholesale-Drugs Proprietaries & Druggists' Sundries - 2.13%
McKesson Corp.		323		98,880
Wholesale-Durable Goods - 2.08%
W.W. Granger		187		96,453
Wholesale-Motor Vehicles & Motor Vehicle Parts & Supplies - 1.85%
LKQ Corp.		1,885		85,598
X-Ray Apparatus & Tubes & Related Irradiation Apparatus - 2.05%
Hologic, Inc. (2)		1,235		94,873
Total Common Stock		(Cost $            4,514,972)		4,518,137
Money Market Registered Investment Companies - 2.50%
Federated Hermes Institutional Prime Obligations Fund - Institutional Class, 0.02% (3)		115,737		115,737
Total Money Market Registered Investment Companies		(Cost $               115,737)		115,737
Total Investments - 99.78%		(Cost $            4,630,709)		4,633,874
Other Assets Less Liabilities - .22%				10,334
Total Net Assets - 100.00%				4,644,208
(1)  Statement on Financial Accounting Standard No. 157 "Fair Value Measurements" - Various inputs are used in determining the value of the Fund's investments.
These inputs are summarized in the three broad levels listed below.
• Level 1 - quoted prices in active markets for identical securities
• Level 2 - other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.)
• Level 3 - significant unobservable inputs (including the Fund's own assumptions in determining the fair value of investments)
The following is a summary of the inputs used as of March 31, 2022 in valuing the Fund's assets carried at fair value:
		Investments in		Other Financial
Valuation Inputs		Securities		Instruments (9)
Level 1 - Quoted Prices	$	4,633,874	$	-
Level 2 - Other Significant Observable Inputs		0		-
Level 3 - Significant Unobservable Inputs		-		-
Total	$	4,633,874	$	0
The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. For example, short-term
debt instruments and repurchase agreements with a maturity of less than 60 days are valued using amortized cost, in accordance with rules under the Investment
Company Act of 1940. Generally, amortized cost approximates the current fair value of a security, but since the value is not obtained from a quoted price in an active
market, such securities are reflected as Level 2.
(2)  Represents non-income producing securities.
(3)  Investment in affiliate. The yield shown represents the 7-day yield in effect at March 31, 2022.