Liquidation: PFS FUNDS

Form Type: N-CSR

Filing Date: 2025-01-31

Corporate Action: Liquidation

Type: New

Accession Number: 000141304225000085

Filing Summary: PFS Funds reported the approval of a Plan of Liquidation for the Christopher Weil & Company Core Investment Fund effective December 5, 2024. The Fund liquidated on December 23, 2024, resulting in distributions to remaining shareholders of their investment value. The report includes details about the Fund's performance over the reporting period from December 1, 2023, to November 30, 2024, which highlights the contributions of major holdings like Berkshire Hathaway, United Therapeutics, and PayPal to the Fund's performance while noting detractors such as Pinterest and Cleveland Cliffs. The Fund's net assets stood at $70,618,399, with management fees of $562,208 and various detailed stock holdings across different sectors, indicating a diverse investment strategy prior to liquidation. Overall, total returns for the Fund were 22.33% over the past year, with significant year-on-year performance metrics against the S&P 500 Index.