Expense Ratio History

AFPAX expense ratio history

DSS AmericaFirst Income Fund, DSS AmericaFirst Income Fund Class A

Fund company
DSS Americafirst
Type
Mutual fund

2.97%

In basis points
297 basis points
Yearly cost per $10,000
$297
Prospectus dated
1 November 2024, filed with the SEC; rounded to 0.01%
Last change
Raised from 2.70% on 1 November 2024

Fee over time

AFPAX expense ratio: 2.43% until 25 Sep 2013, then 3.07%; 3.07% until 31 Oct 2014, then 2.47%; 2.47% until 5 Feb 2016, then 2.67%; 2.67% until 6 Jun 2016, then 2.42%; 2.42% until 31 Oct 2016, then 2.73%; 2.73% until 1 Nov 2017, then 3.31%; 3.31% until 1 Nov 2018, then 2.80%; 2.80% until 1 Nov 2019, then 3.27%; 3.27% until 1 Nov 2020, then 3.64%; 3.64% until 7 Oct 2021, then 3.25%; 3.25% until 31 Oct 2022, then 3.47%; 3.47% until 31 Oct 2023, then 2.70%; 2.70% until 1 Nov 2024, then 2.97%; read at 2.97% on 1 Nov 2024.0.00%2.00%4.00%6.00%Jan 2013Jan 2015Jan 2017Jan 2019Jan 2021Jan 20232.43% before2.97% from 1 Nov 2024
AFPAX expense ratio: 2.43% until 25 Sep 2013, then 3.07%; 3.07% until 31 Oct 2014, then 2.47%; 2.47% until 5 Feb 2016, then 2.67%; 2.67% until 6 Jun 2016, then 2.42%; 2.42% until 31 Oct 2016, then 2.73%; 2.73% until 1 Nov 2017, then 3.31%; 3.31% until 1 Nov 2018, then 2.80%; 2.80% until 1 Nov 2019, then 3.27%; 3.27% until 1 Nov 2020, then 3.64%; 3.64% until 7 Oct 2021, then 3.25%; 3.25% until 31 Oct 2022, then 3.47%; 3.47% until 31 Oct 2023, then 2.70%; 2.70% until 1 Nov 2024, then 2.97%; read at 2.97% on 1 Nov 2024.0.00%2.00%4.00%6.00%Jan 2013Jan 2017Jan 20212.43% before2.97% from 1 Nov 2024
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 3 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
AFPAX (this page) DSS AmericaFirst Income Fund Class A 2.97% 2.62% 1 Nov 2024
AFPUX DSS AmericaFirst Income Fund Class U 3.68% 3.12% 1 Nov 2024
AFPIX DSS AmericaFirst Income Fund Class I 2.71% 2.50% 1 Nov 2024

Every figure we've recorded

DateFeeWhat happened
1 Nov 2024 2.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2024 2.97% Raised from 2.70% to 2.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2024-10-31
31 Oct 2023 2.70% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-10-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Oct 2023 2.70% Cut from 3.47% to 2.70%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2023-10-24
31 Oct 2022 3.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-10-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Oct 2022 3.47% Raised from 3.25% to 3.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-10-27
7 Oct 2021 3.25% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-10-07 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
7 Oct 2021 3.25% Cut from 3.64% to 3.25%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2021-10-12
1 Nov 2020 3.64% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2020 3.64% Raised from 3.27% to 3.64%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2020-12-16
1 Nov 2019 3.27% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2019 3.27% Raised from 2.80% to 3.27%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-12-10
1 Nov 2018 2.80% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2018 2.80% Cut from 3.31% to 2.80%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-11-29
1 Nov 2017 3.31% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-11-01 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
1 Nov 2017 3.31% Raised from 2.73% to 3.31%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2018-10-18
31 Oct 2016 2.73% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-10-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Oct 2016 2.73% Raised from 2.42% to 2.73%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-11-15
6 Jun 2016 2.42% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-06-06 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
6 Jun 2016 2.42% Cut from 2.67% to 2.42%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-06-09
19 May 2016 2.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-05-19 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
5 Feb 2016 2.67% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-05 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
5 Feb 2016 2.67% Raised from 2.47% to 2.67%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2016-04-05
31 Oct 2015 2.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2015-10-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Oct 2014 2.47% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-10-31 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
31 Oct 2014 2.47% Cut from 3.07% to 2.47%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-02-10
12 Nov 2013 3.07% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-11-12 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
25 Sep 2013 3.07% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-09-25 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
25 Sep 2013 3.07% Raised from 2.43% to 3.07%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2013-10-16
7 Jan 2013 2.43% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-01-07 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 2.97% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$3,327 in fees over 10 years

After fees, $10,000 grows to $12,137.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$304
3 years$931
5 years$1,583
10 years$3,327

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 17 prospectuses for this share class since 2013. Each one is listed above with a link to the filing.

How we read fees

More DSS Americafirst funds