Potomac Defensive Bull Fund
PFS Funds · 2 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Potomac Defensive Bull Fund is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified · Fund of funds
Fund profile
As filed in the prospectus · 2026 Q2
The Potomac Defensive Bull Fund (the Fund) seeks long-term capital appreciation.
The fund invests in underlying ETFs and mutual funds selected through technical analysis of over 100 quantitative trading indicators combined into algorithmic composites that assess market direction. When the algorithm signals rising markets, the fund holds leveraged equity ETFs; in weak trends, it shifts to cash or fixed income; in downward trends, it may hold inverse ETFs. As a non-diversified fund, it can concentrate assets in fewer underlying funds and single issuers more heavily than a diversified fund, and because returns from leveraged and inverse ETFs reset daily, multi-day returns will not equal the stated multiple of index returns.
| Share class | Expense ratio | As of |
|---|---|---|
| CRDBX | 1.39% | 2025 Q4 |
| SDDBX | 2.39% | 2026 Q2 |
Portfolio turnover 1352.76% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Stocks | 81.39% |
| Cash & short-term | 11.70% |
| Derivatives | 0.57% |
Look-through blends 1 underlying fund; 9.225% of NAV was not looked through and stays direct-classified.
Latest quarter
What changed since the fund's previous filing
New: Chicago Mercantile Exchange
Exited: Chicago Mercantile Exchange
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +33.82% | +63.35% | +93.92% | 14.14% | -15.00% | |
| — | — | — | — | — |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Reported price | Value | Shares |
|---|---|---|---|---|---|
| — | iShares Trust | 72.28% | $748.89 | $2.66B | 3.5M |
| GVMXX | State Street Institutional Investment TrustGVMXX | 11.49% | — | $422.18M | — |
| — | BondBloxx ETF Trust | 9.22% | $50.30 | $338.87M | 6.7M |
| — | Chicago Mercantile Exchange | 0.56% | — | $20.73M | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
Top 10 positions are 93.56% of net assets, top 25 93.56%, across 4 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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