0001162044-24-000144.txt : 20240209 0001162044-24-000144.hdr.sgml : 20240209 20240209112612 ACCESSION NUMBER: 0001162044-24-000144 CONFORMED SUBMISSION TYPE: N-CEN PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20231130 FILED AS OF DATE: 20240209 DATE AS OF CHANGE: 20240209 EFFECTIVENESS DATE: 20240209 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MSS Series Trust CENTRAL INDEX KEY: 0001368578 ORGANIZATION NAME: 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: 24613095 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 S000067243 Towpath Focus Fund C000216314 Institutional Share Class TOWFX 0001368578 S000067244 Towpath Technology Fund C000216315 Institutional Share Class TOWTX 0001368578 S000067573 One Rock Fund C000217291 One Rock Fund 0001368578 S000070562 Parvin Hedged Equity Solari World Fund C000224129 Parvin Hedged Equity Solari World Fund PHSWX N-CEN 1 primary_doc.xml X0404 N-CEN LIVE 0001368578 XXXXXXXX false false false N-1A S000067243 C000216314 S000067573 C000217291 S000067244 C000216315 S000070562 C000224129 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. 1555 North River Center Drive Milwaukee 53212 513-632-4140 All accounts, books and documents relating to the activities of the Funds Custodian. U.S. Bank, N.A. 425 Walnut Street Cincinnati 45202 513-632-2051 All accounts, books and documents relating to the activities of the Funds Custodian. Huntington National Bank 41 South High Street Columbus 43215 1-800-480-2001 All accounts, books and documents relating to the activities of the Funds Custodian. Oelschlager Investments, LLC 4040 Embassy Parkway, Suite 320 Akron 44333 330-664-9920 Maintains records relating to its function as the investment adviser to the Fund. Wrona Investment Management, LLC P.O. 4773 Pinehurst 28374 440-922-0066 Maintains records relating to its function as the investment adviser to the Fund. Parvin Fund Management, LLC 101 S. Reid Street, Suite 307 Sioux Falls 57103 1-866-458-4744 Maintains records relating to its function as the investment adviser to the Fund. N N N-1A 4 Y Paul K. Rode, Esq. N/A N Michael Young N/A N Gregory B. Getts 001300527 Y Brandon 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 Ultimus Fund Distributors, LLC 008-52643 000104177 N/A N N Sanville & Co. 169 N/A Cohen & Company 925 N/A N N N N N N N Towpath Focus Fund S000067243 549300QMJOD5VT8KIB57 N 1 0 0 N/A Y N N N N/A N/A N/A N/A Y N Y Y Oelschlager Investments, LLC 801-117587 000306035 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 Edward Jones 008-00759 000000250 549300HHDH8V7N22JR54 1685.19 1685.19 0 N 28312514.7 N N N N One Rock Fund S000067573 549300WX4P7FVPSA2Y70 N 1 0 0 N/A Y N N N N/A N/A N/A Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Y Y Y N Wrona Investment Management, LLC 801-117877 000306791 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A N N Huntington National Bank 2WHM8VNJH63UN14OL754 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 Interactive Brokers, LLC 008-47257 000036418 50OBSE5T5521O6SMZR28 7378.65 HUNTINGTON INVESTMENT COMPANY 008-34867 000016986 5493004MEJ6IU9SR1R78 7410.36 AXOS Invest, LLC 008-69507 000172393 549300XZBEO647D7VD63 118.92 14907.93 0 N 11059155.83 N N N N Towpath Technology Fund S000067244 549300J71MXEK085KR25 N 1 1 0 N/A Y N N N N/A N/A N/A N/A Y Y Y N Oelschlager Investments, LLC 801-117587 000306035 N/A N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A 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/A N N N Empirical Administration, LLC N/A N/A N N N Edward Jones 008-00759 000000250 549300HHDH8V7N22JR54 274.77 274.77 0 N 3894242.38 N N N N Parvin Hedged Equity Solari World Fund S000070562 549300W2W06T0TOQT059 N 1 0 0 N/A N N N N N/A N/A N/A Rule 18f-4 (17 CFR 270.18f-4) Rule 18f-4(c)(4) (17CFR 270.18f-4(c)(4)) Y Y Y N Parvin Fund Management, LLC 801-119820 000311304 N/A N Parvin Asset Management, LLC 801-122001 000315701 N/A Y N Mutual Shareholder Services, LLC 084-05821 N/A N N N FIS MARKETMAP ANALYTIC PLATFORM N/A 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/A N N N Empirical Administration, LLC N/A N/A N N N Interactive Brokers, LLC 008-47257 000036418 50OBSE5T5521O6SMZR28 1260.38 1260.38 0 N 5093500.82 N N N N false false true false false false INTERNAL CONTROL RPT 2 ncentowpath.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Shareholders of Towpath Funds and Board of Trustees of MSS Series Trust In planning and performing our audit of the financial statements of Towpath Focus Fund and Towpath Technology Fund, each series of MSS Series Trust, (the "Funds") as of and for the year ended November 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), we considered the Funds' 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 Funds' internal control over financial reporting. Accordingly, we express no such opinion. The management of the Funds 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 fund'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 fund'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 fund; (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 fund are being made only in accordance with authorizations of management and trustees of the fund; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of a fund'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 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 Funds' annual or interim financial statements will not be prevented or detected on a timely basis. Our consideration of the Funds' 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 be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Funds' internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of November 30, 2023. This report is intended solely for the information and use of management and the Board of Trustees of the Funds 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/ COHEN & COMPANY, LTD. COHEN & COMPANY, LTD. Cleveland, Ohio January 29, 2024 INTERNAL CONTROL RPT 3 onerockinternalcontrolncen.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Trustees and Shareholders of the One Rock Fund, a series of MSS Series Trust In planning and performing our audit of the financial statements of the One Rock Fund, a series of MSS Series Trust, as of and for the year ended November 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), 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 trustees 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 inherent limitations, internal control over financial reporting may not prevent or detect 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 be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the One Rock Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of November 30, 2023. This report is intended solely for the information and use of management and the Board of Trustees of the One Rock Fund, a series of the 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 Huntingdon Valley, Pennsylvania January 29, 2024 INTERNAL CONTROL RPT 4 parvinfundinternalcontrolnce.txt REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM To the Board of Trustees and Shareholders of the Parvin Hedged Equity Solari World Fund, a series of MSS Series Trust In planning and performing our audit of the financial statements of the Parvin Hedged Equity Solari World Fund, a series of MSS Series Trust, as of and for the year ended November 30, 2023, in accordance with the standards of the Public Company Accounting Oversight Board (United States) (PCAOB), 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 trustees 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 inherent limitations, internal control over financial reporting may not prevent or detect 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 be material weaknesses under standards established by the PCAOB. However, we noted no deficiencies in the Parvin Hedged Equity Solari World Fund's internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of November 30, 2023. This report is intended solely for the information and use of management and the Board of Trustees of the Parvin Hedged Equity Solari World Fund, a series of the 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 Huntingdon Valley, Pennsylvania January 29, 2024