AFPIX Fees and Costs — DSS AmericaFirst Income Fund, Class I
Data updated: 2025-09-08
The net expense ratio is 2.50% (2.71% before fee waivers). This share class carries a redemption fee of 1.00%. In fiscal 2025 the fund paid $12K in broker commissions, 0.0812% of average net assets, and portfolio turnover was 156%.
AFPIX Fees and Expenses
Annual operating expenses and sales charges of AFPIX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 1.43% |
| Gross expense ratio | 2.71% |
| Fee waiver | −0.21% |
| Net expense ratio | 2.50% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
AFPIX Costs Over Time
On $10,000 invested in AFPIX, assuming 5% a year before costs, total costs come to $1,564 over 5 years, cutting the return by 2.71% 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 |
| Fund expenses (net expense ratio 2.50%) | $262 | $806 | $1,374 |
| Trading costs (broker commissions) | $9 | $26 | $45 |
| Lost growth on money paid in costs | $0 | $42 | $146 |
| Total costs | $271 | $873 | $1,564 |
| Value after costs | $10,229 | $10,703 | $11,199 |
| Impact on return, per year | 2.71% | 2.71% | 2.71% |
AFPIX 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): 0.0812%
- Total broker commissions: $12K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 156%
- Securities lending: none during the year
AFPIX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $6K | 44.98% |
| Gar Wood Securities, LLC | $4K | 30.67% |
| JONESTRADING | $3K | 24.35% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.