FORRX Fees and Costs — Abraham Fortress Fund
Data updated: 2026-09-14
The net expense ratio is 1.74%: a 0.50% management fee, a 1.00% 12b-1 fee plus 0.63% other expenses, less a 0.39% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $13K in broker commissions, 0.0144% of average net assets, and portfolio turnover was 68%.
FORRX Fees and Expenses
Annual operating expenses and sales charges of FORRX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.63% |
| Gross expense ratio | 2.13% |
| Fee waiver | −0.39% |
| Net expense ratio | 1.74% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FORRX Costs Over Time
On $10,000 invested in FORRX, assuming 5% a year before costs, total costs come to $1,081 over 5 years, cutting the return by 1.84% 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 | $103 | $0 | $0 |
| Fund expenses (net expense ratio 1.74%) | $183 | $566 | $973 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $0 | $28 | $100 |
| Total costs | $287 | $599 | $1,081 |
| Value after costs | $10,213 | $10,978 | $11,682 |
| Impact on return, per year | 2.87% | 1.84% | 1.84% |
FORRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0144%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $69.2M
- Portfolio turnover (prospectus): 68%
- Securities lending: none during the year
FORRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| R.J. O'BRIEN SECURITIES, LLC | $12K | 91.96% |
| INTERACTIVE BROKERS CORP. | $1K | 8.04% |
FORRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| R.J. O'BRIEN SECURITIES, LLC | $65.9M | 95.23% |
| DEUTSCHE BANK SECURITIES INC. | $3.3M | 4.77% |
| INTERACTIVE BROKERS CORP. | $224 | 0.00% |
Abraham Fortress Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| FORKX | Class K | 0.65% | none |
| FORTX | Class I | 0.74% | none |
| FORRX | C000230761 | 1.74% | 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.