0001162044-19-000059.txt : 20190206 0001162044-19-000059.hdr.sgml : 20190206 20190206152811 ACCESSION NUMBER: 0001162044-19-000059 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20181130 FILED AS OF DATE: 20190206 DATE AS OF CHANGE: 20190206 EFFECTIVENESS DATE: 20190206 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSS Series Trust CENTRAL INDEX KEY: 0001368578 IRS NUMBER: 000000000 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-CEN SEC ACT: 1940 Act SEC FILE NUMBER: 811-21927 FILM NUMBER: 19571351 BUSINESS ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 BUSINESS PHONE: 440-922-0066 MAIL ADDRESS: STREET 1: 8000 TOWN CENTRE DRIVE, SUITE 400 CITY: BROADVIEW HEIGHTS STATE: OH ZIP: 44147 FORMER COMPANY: FORMER CONFORMED NAME: AMM FUNDS DATE OF NAME CHANGE: 20071002 FORMER COMPANY: FORMER CONFORMED NAME: FALLEN ANGELS FAMILY OF FUNDS DATE OF NAME CHANGE: 20070611 FORMER COMPANY: FORMER CONFORMED NAME: American Money Management Funds DATE OF NAME CHANGE: 20060710 0001368578 S000060133 Footprints Discover Value Fund C000196830 Footprints Discover Value Fund ABSOX N-CEN 1 primary_doc.xml X0101 N-CEN LIVE 0001368578 XXXXXXXX false false false N-1A S000060133 C000196830 MSS Series Trust 811-21927 0001368578 5493008Y245E2ZHP5235 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 US-OH US 440-922-0066 MSS Series Trust 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 440-922-0066 All accounts, books and documents required to be maintained by the Registrant pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3 thereunder are maintained at the office of the Registrant except all those relating to the activities of the Fund's Custodian, Transfer Agent and Shareholder Servicing Agent. Mutual Shareholder Services, LLC 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 440-922-0066 All accounts, books and documents required to be maintained by the Transfer Agent, Fund Accounting Agent and Shareholder Servicing Agent pursuant to Section 31(a) of the Investment Company Act of 1940 and Rules 31a-1 through 31a-3. U.S. Bank N.A. 425 Walnut Street Cincinnati 45202 513-632-4234 All accounts, books and documents all those relating to the activities of the Funds Custodian. Footprints Asset Management & Research, Inc. 11422 Miracle Hills Drive, Suite 208 Omaha 68154 402-445-9333 Maintains records relating to its function as the investment adviser to the Funds. N N N N-1A 4 Y Paul k. Rode, Esq. N/A N Michael Young N/A N Gregory B. Getts 001300527 Y Brandon M. Pokersnik N/A Y Brandon M. Pokersnik N/A 8000 Town Centre Drive, Suite 400 Broadview Heights 44147 XXXXXX N N N N N N N N Arbor Court Capital, LLC 008-67609 000143839 N/A Y N Sanville & Company 169 N/A N N N N N N N Footprints Discover Value Fund S000060133 549300YOQEQKO0808403 Y 1 0 0 N/A Y N Y N N/A N/A N/A N/A Y Y Y N Footprints Asset Management & Research, Inc. 801-62315 000128040 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N U.S. Bank N.A. 5493001WC5CQQI9L9G80 N N Bank - section 17(f)(1) (15 U.S.C. 80a-17(f)(1)) N Mutual Shareholder Services, LLC N/A N N N Empirical Administration, LLC N/A N N N Bloomberg Tradebook LLC 008-49219 000040881 549300P0PVQNO43T7K36 28894.15 Goldman Sachs 008-00129 000000361 FOR8UP27PHTHYVLBNG30 6465 Charles Schwab & Co., Inc. 008-16514 000005393 549300ZP8XN77GK5BS04 93.22 Susquehanna Securities 008-47034 000035874 549300RX9GZX8Y9IGJ81 4014.05 39466.42 0 N 4278890.48 N N N N false false true false false false INTERNAL CONTROL RPT 2 fs1footprintsic2018.htm Converted by EDGARwiz






Report of Independent Registered Public Accounting Firm


 To the Shareholders and Board of Trustees of

Footprints Discover Value Fund, a Series of MSS Series Trust


In planning and performing our audit of the financial statements of the Footprints Discover Value Fund, a series of MSS Series Trust (the “Fund”), as of and for the period December 26, 2017 (commencement of investment operations) through November 30, 2018, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-CEN, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting.  Accordingly, we express no such opinion.


The management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting.  In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls.  A company’s internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles (GAAP).  A company's internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a company's assets that could have a material effect on the financial statements.


Because of its inherent limitations, internal control over financial reporting may not prevent or detect material misstatements.  Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.


A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.


Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might material weaknesses under standards established by the Public Company Accounting Oversight Board (United States).  However, we noted no deficiencies in the Fund’s internal control over financial reporting and their operation, including controls for safeguarding securities that we consider to be a material weakness as defined above as of November 30, 2018.




This report is intended solely for the information and use of management and the Board of Trustees of the Footprints Discover Value Fund, a series of MSS Series Trust, and the Securities and Exchange Commission and is not intended to be and should not be used by anyone other than these specified parties.




/S/ SANVILLE & COMPANY


Abington, Pennsylvania

January 23, 2019