ABRUX Fees and Costs — DSS AmericaFirst Monthly Risk-On Risk-Off Fund, Class U
Data updated: 2025-09-08
The net expense ratio is 3.38%: a 1.00% management fee, a 1.00% 12b-1 fee plus 2.54% other expenses, less a 1.17% fee waiver. This share class carries a maximum front-end sales load of 2.50%, a deferred sales charge of up to 1.00% and a redemption fee of 1.00%. In fiscal 2025 the fund paid $12K in broker commissions, 0.2595% of average net assets, and portfolio turnover was 291%.
ABRUX Fees and Expenses
Annual operating expenses and sales charges of ABRUX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 1.00% |
| Other expenses | 2.54% |
| Gross expense ratio | 4.55% |
| Fee waiver | −1.17% |
| Net expense ratio | 3.38% |
| Sales charges | |
|---|---|
| Max front load | 2.50% |
| Max deferred load | 1.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ABRUX Costs Over Time
On $10,000 invested in ABRUX, assuming 5% a year before costs, total costs come to $2,425 over 5 years, cutting the return by 4.33% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $349 | $250 | $250 |
| Fund expenses (net expense ratio 3.38%) | $346 | $1,050 | $1,771 |
| Trading costs (broker commissions) | $27 | $81 | $136 |
| Lost growth on money paid in costs | $12 | $96 | $267 |
| Total costs | $734 | $1,477 | $2,425 |
| Value after costs | $9,766 | $10,099 | $10,338 |
| Impact on return, per year | 7.34% | 4.67% | 4.33% |
ABRUX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.2595%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 291%
- Securities lending: none during the year
ABRUX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Gar Wood Securities, LLC | $7K | 55.11% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $4K | 31.52% |
| JONESTRADING | $2K | 13.37% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.