SBQUX — DSS AmericaFirst Alpha Trends Factor Fund
Data updated: 2025-09-08
SBQUX — DSS AmericaFirst Alpha Trends Factor Fund. United States Multi-Cap / All-Cap Blend / Core Equity. Holdings, fees, performance and SEC filings.
SBQUX Fund Overview
SBQUX — DSS AmericaFirst Alpha Trends Factor Fund is a US mutual fund managed by Dss Americafirst Funds, categorised as United States Multi-Cap / All-Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Dss Americafirst Funds
- Category: United States Multi-Cap / All-Cap Blend / Core Equity
- Assets under management: $2.03M
- 1-year return: 4.0%
- Ticker: SBQUX
- SEC CIK: 0001539996
- SEC series ID: S000056070
- Share class ID: C000176640
SBQUX Investment Objective and Strategy
DSS AmericaFirst Alpha Trends Factor Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Dss Americafirst Funds.
Investment objective
The Funds investment objective is to provide you with growth of capital.
Principal investment strategy
The Fund invests primarily in the common stocks of large capitalization domestic companies that have engaged in repurchasing a portion of the companys outstanding shares over the last year. Under normal conditions, the Fund will invest at least 80% of the Funds net assets, plus any borrowings for investment purposes, in large capitalization companies, which the Advisor defines as companies with a market capitalization of $10 billion or more at the time of purchase, that have purchased their own stock over the last year. While the Fund will primarily invest in large capitalization companies, it may also invest in small or medium capitalization companies from time to time and when the large capitalization companies in which the Fund invests lose capitalization between purchase and rebalancing of the portfolio.
The Funds investment advisor, AmericaFirst Capital Management, LLC (the Advisor), applies fundamental, technical and/or valuation criteria to select from a universe of large capitalization companies that have purchased their own stock over the last twelve months. The Advisor analyses the companies based on market capitalizations, the size of their buyback ratio (the amount the company has bought back), and their risk-adjusted price momentum and value momentum. The companies selected for the Funds portfolio remain in the portfolio until the portfolio is rebalanced. The portfolio is rebalanced as often as every four months in order to remove stocks that are no longer attractive or add stocks that have become attractive according to the investment criteria used by the Advisor, which could result in high portfolio turnover.
The Funds strategy is based on the premise that stocks of companies that purchase their own stock will perform well because share buybacks are a signal to the market that the management of a company believes the companys shares are undervalued. The Fund may also execute a portion of its equity strategy by investing in ETFs, including those with inverse market exposure and leveraged ETFs. Inverse ETFs are designed to produce results opposite to market direction, which may serve to hedge portfolio investments. Inverse ETFs seek daily investment results, before fees and expenses, which correspond to the inverse (opposite) of the daily performance of a specific benchmark, such as the S&P 500 Index. The Advisor does not rebalance inverse ETFs positions daily to adjust for daily changes in the reference index.
Leveraged ETFs seek to use financial derivatives and debt to amplify the returns of an underlying index. The Fund is classified as non-diversified for purposes of the Investment Company Act of 1940 (the 1940 Act), which means a relatively high percentage of the Funds assets may be invested in the securities of a limited number of companies.
SBQUX Holdings
Top 10 holdings of DSS AmericaFirst Alpha Trends Factor Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Huntington Ingalls Industries, Inc. | 5.19% |
| NVIDIA Corp. | 4.76% |
| Barrick Gold Corp. | 4.55% |
| Newmont Corp. | 4.15% |
| Micron Technology, Inc. | 4.15% |
| Agnico Eagle Mines Ltd. | 3.81% |
| NRG Energy, Inc. | 3.48% |
| DexCom, Inc. | 3.43% |
| United Rentals, Inc. | 3.41% |
| Verona Pharma plc | 3.40% |
SBQUX Portfolio Allocation
Asset-class allocation of DSS AmericaFirst Alpha Trends Factor Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.0% |
| Cash & Equivalents | 0.6% |
SBQUX Performance
Total returns for SBQUX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.0% |
| 3 years (annualised) | 12.9% |
| 5 years (annualised) | 10.8% |
SBQUX Risk Information
Risk metrics for SBQUX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 16.7%
SBQUX Costs and Fees
SBQUX costs about $298 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.98%
- Gross expense ratio: 6.31%
- Portfolio turnover: 76%
- Brokerage commissions: 5.63 bps of average net assets (SEC N-CEN)
SBQUX Cashflows
Over the 12 months to 2025-06, DSS AmericaFirst Alpha Trends Factor Fund had net outflows of $998.85K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-06 | −$189.73K |
| 2025-05 | −$88.71K |
| 2025-04 | −$16.15K |
| 2025-03 | −$237.34K |
| 2025-02 | −$308.56K |
| 2025-01 | $1.53K |
SBQUX Debt Constituents
No individual debt constituents are reported in DSS AmericaFirst Alpha Trends Factor Fund's latest SEC N-PORT filing.
SBQUX Prospectus and SEC Filings
Official DSS AmericaFirst Alpha Trends Factor Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2024-10-28
- Prospectus (485BPOS) — filed 2023-10-24
- Prospectus supplement (497) — filed 2024-10-31
- Portfolio holdings (N-PORT) — filed 2025-08-28
- Portfolio holdings (N-PORT) — filed 2025-05-28
- Portfolio holdings (N-PORT) — filed 2025-02-25
- Annual census (N-CEN) — filed 2025-09-08
- Annual census (N-CEN) — filed 2024-09-12
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.