AFPUX Fees and Costs — DSS AmericaFirst Income Fund, Class U
Data updated: 2025-09-08
The net expense ratio is 3.12% (3.68% before fee waivers). This share class carries a maximum front-end sales load of 2.00%, 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, 0.0812% of average net assets, and portfolio turnover was 156%.
AFPUX Fees and Expenses
Annual operating expenses and sales charges of AFPUX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.25% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.40% |
| Gross expense ratio | 3.68% |
| Fee waiver | −0.56% |
| Net expense ratio | 3.12% |
| Sales charges | |
|---|---|
| Max front load | 2.00% |
| 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 |
AFPUX Costs Over Time
On $10,000 invested in AFPUX, assuming 5% a year before costs, total costs come to $2,133 over 5 years, cutting the return by 3.77% 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 | $300 | $200 | $200 |
| Fund expenses (net expense ratio 3.12%) | $321 | $979 | $1,659 |
| Trading costs (broker commissions) | $8 | $25 | $43 |
| Lost growth on money paid in costs | $10 | $82 | $231 |
| Total costs | $639 | $1,287 | $2,133 |
| Value after costs | $9,861 | $10,290 | $10,630 |
| Impact on return, per year | 6.39% | 4.04% | 3.77% |
AFPUX 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
AFPUX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.