Tailored Shareholder Reports — AmericaFirst Funds

Tailored Shareholder Reports 12/31/24

AmericaFirst Alpha Trends Factor Fund Class A

AmericaFirst Alpha Trends Factor Fund Class I

AmericaFirst Alpha Trends Factor Fund Class U

AmericaFirst Income Fund Class A

AmericaFirst Income Fund Class I

AmericaFirst Income Fund Class U

AmericaFirst Risk On Risk Off Fund Class A

AmericaFirst Risk On Risk Off Fund Class I

AmericaFirst Risk On Risk Off Fund Class U

AmericaFirst Total Return Bond Fund Class A

AmericaFirst Total Return Bond Fund Class I

AmericaFirst Total Return Bond Fund Class U