ATLAX Fees and Costs — Atlas U.S. Tactical Income Fund, Class A
Data updated: 2026-08-14
The net expense ratio is 5.95%. This share class carries a maximum front-end sales load of 3.50% and a redemption fee of 1.00%. In fiscal 2025 the fund paid $730 in broker commissions, 0.0010% of average net assets, and portfolio turnover was 7%.
ATLAX Fees and Expenses
Annual operating expenses and sales charges of ATLAX. Prospectus, as of January 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 1.19% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.44% |
| Gross expense ratio | 5.95% |
| Fee waiver | — |
| Net expense ratio | 5.95% |
| Sales charges | |
|---|---|
| Max front load | 3.50% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
ATLAX Costs Over Time
On $10,000 invested in ATLAX, assuming 5% a year before costs, total costs come to $3,700 over 5 years, cutting the return by 6.95% 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 |
| Sales charges | $350 | $350 | $350 |
| Fund expenses (net expense ratio 5.95%) | $603 | $1,786 | $2,940 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $18 | $147 | $410 |
| Total costs | $970 | $2,283 | $3,700 |
| Value after costs | $9,530 | $9,293 | $9,062 |
| Impact on return, per year | 9.70% | 7.41% | 6.95% |
ATLAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0010%
- Total broker commissions: $730
- Bought from dealers (principal trades, not a cost): $2.3B
- Portfolio turnover (prospectus): 7%
- Securities lending: none during the year
ATLAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Interactive Brokers LLC | $730 | 100.00% |
ATLAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon | $2.3B | 99.61% |
| Stephens, Inc. | $3.7M | 0.16% |
| Santander | $2.5M | 0.11% |
| Stonex Financial | $2.2M | 0.10% |
| FHN Financial | $498K | 0.02% |
Atlas U.S. Tactical Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| ATLAX | Class A | 5.95% | 3.50% |
| ATLCX | Class C | 6.70% | 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.