AFPIX Performance — DSS AmericaFirst Income Fund, Class I
Data updated: 2025-09-08
AFPIX returned +2.67% over one year to Jun 2025. Annualised returns are +4.98% over 3 years and +9.12% over 5 years. The fund trailed its US Multi-Cap Value category average: $100 invested three years ago grew to $116, against $139 for the category, and to $103 over one year, against $111. Volatility over the past three years was 14.83% a year. In the 12 months to Jun 2025 the fund lost a net $15.1M, and assets reached $11.11M.
AFPIX Growth of $100
What $100 invested in DSS AmericaFirst Income Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Multi-Cap Value category average over the same months.
| Period | AFPIX | Category average |
|---|---|---|
| 1 year (Jul 2024 – Jun 2025) | $103 | $111 |
| 3 years (Jul 2022 – Jun 2025) | $116 | $139 |
| 5 years (Jul 2020 – Jun 2025) | $155 | $179 |
| Since data start (Jan 2020 – Jun 2025) | $139 | $156 |
AFPIX Trailing Returns
Total returns to Jun 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +2.67% |
| 3 years (annualised) | +4.98% |
| 5 years (annualised) | +9.12% |
AFPIX Annual Returns
Calendar-year total returns of DSS AmericaFirst Income Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Jun) | −2.39% |
| 2024 | +10.41% |
| 2023 | +8.22% |
| 2022 | −7.38% |
| 2021 | +19.11% |
| 2020 | +8.40% |
AFPIX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +1.8% | −1.7% | −5.1% | −5.4% | +4.0% | +4.4% | — | — | — | — | — | — |
| 2024 | −1.1% | +0.2% | +4.2% | −4.2% | +5.0% | +1.0% | +3.5% | +1.6% | +1.6% | −0.4% | +4.0% | −4.9% |
| 2023 | +5.8% | −3.5% | +3.2% | +0.4% | −6.6% | +4.7% | +3.7% | −4.1% | −4.3% | −2.9% | +6.5% | +6.3% |
| 2022 | +0.5% | −0.7% | +1.0% | −3.3% | +3.9% | −7.8% | +4.0% | −2.8% | −7.9% | +6.3% | +5.0% | −4.4% |
| 2021 | 0.0% | +6.8% | +8.1% | +2.6% | +1.6% | −0.2% | +0.5% | +0.6% | −4.2% | −0.5% | −1.4% | +4.5% |
| 2020 | +1.6% | −8.0% | −12.2% | +9.7% | −2.5% | +2.7% | +2.3% | +3.2% | −1.9% | −0.3% | +12.8% | +3.2% |
AFPIX Risk
Risk measures from monthly returns over Jul 2022 – Jun 2025.
- 3-year volatility (annualised): 14.83%
- 3-year Sharpe ratio: 0.03 (vs 4.5% risk-free rate)
- Best month: +6.48% (Nov 2023)
- Worst month: −7.92% (Sep 2022)
AFPIX Fund Flows
Monthly money in and out of DSS AmericaFirst Income Fund, from SEC Form N-PORT.
- 12-month net flow: −$15.1M
- 12-month gross sales (incl. reinvestments): $8.8M
- Sales ÷ redemptions: 0.37×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jun 2025 | $119K | $243K | −$124K |
| May 2025 | $111K | $322K | −$211K |
| Apr 2025 | $97K | $389K | −$291K |
| Mar 2025 | $3.3M | $9.7M | −$6.4M |
| Feb 2025 | $3.6M | $8.3M | −$4.7M |
| Jan 2025 | $195K | $567K | −$372K |
| Dec 2024 | $121K | $597K | −$476K |
| Nov 2024 | $160K | $484K | −$323K |
| Oct 2024 | $190K | $1.3M | −$1.1M |
| Sep 2024 | $328K | $979K | −$651K |
| Aug 2024 | $226K | $663K | −$437K |
| Jul 2024 | $377K | $422K | −$45K |
AFPIX Assets Under Management
Net assets of DSS AmericaFirst Income Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-06-30 | $11.11M |
| 2025-03-31 | $11.79M |
| 2024-12-31 | $15.45M |
| 2024-09-30 | $17.94M |
| 2024-06-28 | $18.24M |
| 2024-03-28 | $18.85M |
| 2023-12-29 | $20.50M |
| 2023-09-29 | $20.11M |
| 2023-06-30 | $23.04M |
| 2023-03-31 | $22.65M |
| 2022-12-30 | $20.28M |
| 2022-09-30 | $17.01M |
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.