ATCAX Fees and Costs — Anchor Risk Managed Income Strategies Fund, Advisor Class
Data updated: 2026-10-09
The net expense ratio is 2.93% (3.54% before fee waivers). This share class carries a redemption fee of 2.00%. In fiscal 2025 the fund paid $3K in broker commissions, 0.0127% of average net assets, and portfolio turnover was 6%.
ATCAX Fees and Expenses
Annual operating expenses and sales charges of ATCAX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.60% |
| 12b-1 fee | 0.00% |
| Other expenses | — |
| Gross expense ratio | 3.54% |
| Fee waiver | −0.61% |
| Net expense ratio | 2.93% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ATCAX Costs Over Time
On $10,000 invested in ATCAX, assuming 5% a year before costs, total costs come to $1,771 over 5 years, cutting the return by 3.09% 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 2.93%) | $308 | $941 | $1,598 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $47 | $165 |
| Total costs | $309 | $992 | $1,771 |
| Value after costs | $10,191 | $10,584 | $10,992 |
| Impact on return, per year | 3.09% | 3.09% | 3.09% |
ATCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0127%
- Total broker commissions: $3K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 6%
- Securities lending: none during the year
ATCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $3K | 100.00% |
Anchor Risk Managed Income Strategies Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ATCAX | Advisor Class | 2.93% | none |
| ATCSX | Institutional Class | 3.18% | 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.