© 2019 by AmericaFirst Quantitative Funds.

PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.

 

Investors should carefully consider the investment objectives, risks, charges and expenses of AmericaFirst Funds.  This and other important information about the Fund is contained in the prospectus, which can be obtained at www.AmericaFirstFunds.com or by calling 866-960-1355. Read the prospectus carefully before investing. 

 

Mutual Funds involve risk including risk including the possible loss of principal. Of course, there is no guarantee that any investment strategy will achieve its objectives.

Diversification does not ensure profit or prevent losses and there is no guarantee that any investment strategy will achieve its objectives, generate profits or avoid losses. The success of the Fund’s hedging strategy will also be subject to the Adviser’s ability to continually recalculate, readjust, and execute hedges in an efficient and timely manner.  An imperfect correlation between such hedging instruments may prevent the Fund form achieving the intended hedge or expose the Fund to risk of loss.

The AmericaFirst Quantitative Funds are distributed by Arbor Court Capital.

April 1st, 2020

Summary

The S&P 500 finished the day 4.41% lower. European stocks fell by 2.90%. Asian equities were down by 1.68%.  Domestic bond yields decreased from 0.677% to 0.614% and German bonds rose to -0.460%. The Japanese 10-year bond fell to 0.007%. The US Dollar gained 0.42% and Gold rose 0.24%. U.S. manufacturing activity fell in March to 49.1 from 50.1 in February.

Domestic Market Indices

  • The Dow Jones Industrial Average* was down 974 points or 4.44% to 20,943.51

  • The Standard & Poor's 500 Index was down 114 points or 4.41% to 2,470.50

  • The NASDAQ Composite Index was down 340 points or 4.41% to 7,360.58

International Market Indices

  • The STOXX Europe 600 Index was down 9 points or 2.90% to 310.77

  • The Asia Dow Index was down 46 points or 1.68% to 2,691.36

  • The FTSE All-World Emerging Latin America Index no data available

Bond Rates

  • The U.S. 10-year Bond yield fell to 0.614%

  • The Germany 10-year Bond yield rose to -0.460%

  • The Japan 10-year Bond yield fell to 0.007%

Commodity Markets

  • Gold (Continuous Contract) rose 3.90 to $1,600.50 or up 0.24%

  • Crude Oil WTI (NYM $/bbl) rose 0.41 to $20.89 or up 2.00%

Currency Markets

  • The US Dollar rose $0.42 or 0.42% to $99.46

  • The Euro fell $0.0075 or 0.68% to $1.0959

  • The Pound fell $0.0015 or 0.12% to $1.2397

  • The Bitcoin fell $249.75 or 3.85% to $6,232.39