ATESX Fees and Costs — Anchor Risk Managed Equity Strategies Fund, Institutional Class
Data updated: 2026-10-09
The net expense ratio is 2.40%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $4K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 0%.
ATESX Fees and Expenses
Annual operating expenses and sales charges of ATESX. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.39% |
| Gross expense ratio | 2.40% |
| Fee waiver | — |
| Net expense ratio | 2.40% |
| 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 | No |
| Waived fees subject to recoupment | No |
ATESX Costs Over Time
On $10,000 invested in ATESX, 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 2.40%) | $252 | $775 | $1,324 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $39 | $136 |
| Total costs | $252 | $814 | $1,461 |
| Value after costs | $10,248 | $10,762 | $11,302 |
| Impact on return, per year | 2.52% | 2.52% | 2.52% |
ATESX 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): 0.0016%
- Total broker commissions: $4K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
ATESX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wallachbeth Capital, LLC | $4K | 100.00% |
Anchor Risk Managed Equity 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 |
|---|---|---|---|
| ATEAX | Advisor Class | 2.14% | none |
| ATESX | Institutional Class | 2.40% | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.