DSS AmericaFirst Large Cap Share Buyback Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
9.2%
1 yr return
28.3%
3 Yr Avg Return
6.5%
5 Yr Avg Return
6.9%
Net Assets
$2.34 M
Holdings in Top 10
37.9%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 5.08%
SALES FEES
Front Load 2.50%
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee 1.00%
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
SBQUX - Profile
Distributions
- YTD Total Return 9.2%
- 3 Yr Annualized Total Return 6.5%
- 5 Yr Annualized Total Return 6.9%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -1.90%
- Dividend Yield 0.7%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameDSS AmericaFirst Large Cap Share Buyback Fund
-
Fund Family NameDSS AmericaFirst Quantitative Funds
-
Inception DateFeb 01, 2017
-
Shares OutstandingN/A
-
Share ClassOther
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerRick Gonsalves
Fund Description
The Fund invests primarily in the common stocks of large capitalization domestic companies that have engaged in repurchasing a portion of the company’s outstanding shares over the last year. Under normal conditions, the Fund will invest at least 80% of the Fund’s 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 Fund’s investment advisor, DSS Wealth Management, Inc. (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 Fund’s portfolio remain in the portfolio until the portfolio is rebalanced. The portfolio is rebalanced as often as every month 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 Fund’s 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 company’s 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.
SBQUX - Performance
Return Ranking - Trailing
Period | SBQUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -1.7% | 13.0% | 27.00% |
1 Yr | 28.3% | -0.6% | 49.8% | 56.67% |
3 Yr | 6.5%* | -13.1% | 14.6% | 69.98% |
5 Yr | 6.9%* | -9.6% | 106.1% | 96.63% |
10 Yr | N/A* | -0.3% | 20.5% | N/A |
* Annualized
Return Ranking - Calendar
Period | SBQUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -42.6% | 47.4% | 74.46% |
2022 | -14.0% | -56.3% | -4.2% | 7.10% |
2021 | -1.8% | -27.2% | 53.7% | 94.67% |
2020 | -3.5% | -36.2% | 2181.7% | 96.25% |
2019 | 21.2% | -22.7% | 40.4% | 62.38% |
Total Return Ranking - Trailing
Period | SBQUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 9.2% | -1.7% | 13.0% | 27.00% |
1 Yr | 28.3% | -0.6% | 49.8% | 56.67% |
3 Yr | 6.5%* | -13.1% | 14.6% | 69.98% |
5 Yr | 6.9%* | -9.6% | 106.1% | 96.63% |
10 Yr | N/A* | -0.3% | 20.5% | N/A |
* Annualized
Total Return Ranking - Calendar
Period | SBQUX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.8% | -5.0% | 47.4% | 92.71% |
2022 | -13.3% | -36.8% | -2.2% | 18.15% |
2021 | 28.9% | 3.0% | 124.3% | 19.77% |
2020 | -3.5% | -15.8% | 2266.0% | 99.32% |
2019 | 21.2% | -0.4% | 241.3% | 96.69% |
NAV & Total Return History
SBQUX - Holdings
Concentration Analysis
SBQUX | Category Low | Category High | SBQUX % Rank | |
---|---|---|---|---|
Net Assets | 2.34 M | 2.34 M | 1.55 T | 99.92% |
Number of Holdings | 38 | 2 | 4048 | 89.78% |
Net Assets in Top 10 | 885 K | 885 K | 387 B | 99.92% |
Weighting of Top 10 | 37.90% | 0.3% | 112.0% | 31.19% |
Top 10 Holdings
- Federated Prime Obligations 7.58%
- Meta Platforms, Inc. Class A 4.20%
- United Rentals, Inc. 3.76%
- Fair Isaac Corporation 3.39%
- NRG Energy, Inc. 3.39%
- Microsoft Corp. 3.33%
- The Mosaic Company 3.17%
- Gartner, Inc. 3.13%
- Old Dominion Freight Line, Inc. 3.05%
- Nucor Corp. 2.90%
Asset Allocation
Weighting | Return Low | Return High | SBQUX % Rank | |
---|---|---|---|---|
Stocks | 92.43% | 0.00% | 124.03% | 95.05% |
Cash | 7.58% | 0.00% | 99.06% | 4.47% |
Preferred Stocks | 0.00% | 0.00% | 2.38% | 45.69% |
Other | 0.00% | -13.91% | 100.00% | 64.38% |
Convertible Bonds | 0.00% | 0.00% | 5.54% | 42.15% |
Bonds | 0.00% | -0.37% | 93.78% | 45.61% |
Stock Sector Breakdown
Weighting | Return Low | Return High | SBQUX % Rank | |
---|---|---|---|---|
Consumer Cyclical | 27.74% | 0.00% | 30.33% | 0.24% |
Financial Services | 24.02% | 0.00% | 55.59% | 3.90% |
Industrials | 9.99% | 0.00% | 29.90% | 36.02% |
Technology | 9.97% | 0.00% | 48.94% | 95.12% |
Energy | 7.17% | 0.00% | 41.64% | 7.40% |
Healthcare | 6.07% | 0.00% | 60.70% | 98.21% |
Basic Materials | 5.85% | 0.00% | 25.70% | 8.29% |
Consumer Defense | 5.32% | 0.00% | 47.71% | 81.30% |
Communication Services | 3.88% | 0.00% | 27.94% | 89.67% |
Utilities | 0.00% | 0.00% | 20.91% | 91.38% |
Real Estate | 0.00% | 0.00% | 31.91% | 92.28% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | SBQUX % Rank | |
---|---|---|---|---|
US | 92.43% | 0.00% | 124.03% | 87.86% |
Non US | 0.00% | 0.00% | 62.81% | 52.96% |
SBQUX - Expenses
Operational Fees
SBQUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 5.08% | 0.01% | 19.75% | 0.40% |
Management Fee | 1.25% | 0.00% | 1.90% | 99.44% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 90.22% |
Administrative Fee | N/A | 0.00% | 0.85% | N/A |
Sales Fees
SBQUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 2.50% | 1.00% | 5.75% | 97.20% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
SBQUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | 1.00% | 0.25% | 2.00% | 72.50% |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
SBQUX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | 0.00% | 496.00% | 98.98% |
SBQUX - Distributions
Dividend Yield Analysis
SBQUX | Category Low | Category High | SBQUX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.65% | 0.00% | 25.79% | 93.19% |
Dividend Distribution Analysis
SBQUX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annual | Annually | Quarterly | Annual |
Net Income Ratio Analysis
SBQUX | Category Low | Category High | SBQUX % Rank | |
---|---|---|---|---|
Net Income Ratio | -1.90% | -54.00% | 6.06% | 99.84% |
Capital Gain Distribution Analysis
SBQUX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 29, 2022 | $0.077 | OrdinaryDividend |
Dec 30, 2021 | $3.560 | OrdinaryDividend |
SBQUX - Fund Manager Analysis
Managers
Rick Gonsalves
Start Date
Tenure
Tenure Rank
Jan 31, 2017
5.33
5.3%
Rick Gonsalves is the co-founder and President of AmericaFirst Capital Management, LLC. Mr. Gonsalves co-founded AmericaFirst Capital Management, LLC in January 2007. He currently serves as President and Chief Executive Officer, positions he has held since the Advisor’s inception. From 2003 to 2008, he operated Renaissance Investment Services (a company that provided services to broker representatives), for which he acted as President and CEO after the business was incorporated in 2005. He was a registered broker representative of Brecek & Young Advisors, Inc. from January 2007 to December 2007, and WRP Investments, Inc. from September 2005 to December 2006.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.04 | 39.02 | 7.27 | 2.42 |