ABRTX Fees and Costs — Abr Dynamic Blend Equity & Volatility Fund, Investor Shares
Data updated: 2026-09-29
The net expense ratio is 2.25%: a 1.75% management fee, a 0.25% 12b-1 fee plus 0.98% other expenses, less a 0.73% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $130K in broker commissions, 0.1527% of average net assets, and portfolio turnover was 0%.
ABRTX Fees and Expenses
Annual operating expenses and sales charges of ABRTX. Prospectus, as of December 1, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.98% |
| Gross expense ratio | 2.98% |
| Fee waiver | −0.73% |
| Net expense ratio | 2.25% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ABRTX Costs Over Time
On $10,000 invested in ABRTX, assuming 5% a year before costs, total costs come to $1,461 over 5 years, cutting the return by 2.52% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 2.25%) | $236 | $726 | $1,241 |
| Trading costs (broker commissions) | $16 | $49 | $84 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $252 | $815 | $1,461 |
| Value after costs | $10,248 | $10,762 | $11,301 |
| Impact on return, per year | 2.52% | 2.52% | 2.52% |
ABRTX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1527%
- Total broker commissions: $130K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ABRTX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INTL FCSTONE FINANCIAL INC. | $82K | 62.87% |
| ED&F MAN CAPITAL MARKETS INC. | $30K | 22.76% |
| CLEAR STREET, LLC | $19K | 14.37% |
Abr Dynamic Blend Equity & Volatility Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ABRVX | Institutional Shares | 2.00% | none |
| ABRTX | Investor Shares | 2.25% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.