Fund Evaluator:

Anchor Risk Mgd Equity Strategies Adv Overview

Anchor Risk Mgd Equity Strategies Adv (ATEAX) is an actively managed Nontraditional Equity Equity Hedged fund. Anchor launched the fund in 2020.

The investment seeks to provide total return from income and capital appreciation with a secondary objective of limiting risk during unfavorable market conditions. Under normal market conditions, the fund invests, directly or indirectly through unaffiliated exchange traded funds ("ETFs") and mutual funds, at least 80% of its net assets (plus the amount of borrowings, if any) in long and short positions in equity securities. It may invest in inverse funds linked to equity securities or indices when the adviser believes this strategy will provide an effective hedge to manage risk for the fund's equity investments.

About Anchor Risk Mgd Equity Strategies Adv (ATEAX)

There are 1 members of the management team with an average tenure of 9.99 years: Garrett Waters (2016). Management tenure is more important for actively managed funds than passive index funds.

The fund has 1 primary benchmark: S&P 500 (TR) (1970) index with a weighting of 100%. Anchor Risk Mgd Equity Strategies Adv has 5 securities in its portfolio. The top 10 holdings constitute 95.1% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Anchor Risk Mgd Equity Strategies Adv is part of the Equity global asset class and is within the Nontraditional Equity fund group. Anchor Risk Mgd Equity Strategies Adv has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 92.7%. There is 1.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Anchor Risk Mgd Equity Strategies Adv has 5.6% of the portfolio in cash.

Assets Under Management

The fund has $85 million in total assets, which is below the $433 million average for the Equity Hedged category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

ATEAX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Anchor Risk Mgd Equity Strategies Adv expense ratio is high compared to funds in the Equity Hedged category. Anchor Risk Mgd Equity Strategies Adv has an expense ratio of 2.14%, which is 55% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. A portfolio turnover rate cannot be currently calculated for Anchor Risk Mgd Equity Strategies Adv. By way of comparison, the average portfolio turnover is 71% for the Equity Hedged category.

Recently, in the month of August 2026, Anchor Risk Mgd Equity Strategies Adv returned -0.6%, which earned it a grade of F, as the Equity Hedged category had an average return of 1.4%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Anchor Risk Mgd Equity Strategies Adv has a trailing yield of 0.00%, which is below the 0.95% category average. The fund normally distributes its income annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Anchor Risk Mgd Equity Strategies Adv Grades

Year to date, the fund has returned 2.3%, 4.6 percentage points worse than the category, which translates into a grade of F. The fund has returned 3.0% over the past year (grade of F), 5.7% over the past three years (grade of F) and 2.6% per year over the past five years (grade of F).

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