AFDDX Fees and Costs — Yorktown Capital Appreciation Fund, Class L
Data updated: 2023-09-29
The net expense ratio is 3.07%: a 0.60% management fee, a 1.00% 12b-1 fee plus 1.47% other expenses. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $80K in broker commissions, 0.5250% of average net assets, and portfolio turnover was 130%.
AFDDX Fees and Expenses
Annual operating expenses and sales charges of AFDDX. Prospectus, as of May 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.47% |
| Gross expense ratio | 3.07% |
| Fee waiver | — |
| Net expense ratio | 3.07% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
AFDDX Costs Over Time
On $10,000 invested in AFDDX, assuming 5% a year before costs, total costs come to $2,135 over 5 years, cutting the return by 3.77% 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 3.07%) | $322 | $979 | $1,652 |
| Trading costs (broker commissions) | $55 | $167 | $282 |
| Lost growth on money paid in costs | $0 | $58 | $201 |
| Total costs | $377 | $1,204 | $2,135 |
| Value after costs | $10,123 | $10,372 | $10,628 |
| Impact on return, per year | 3.77% | 3.77% | 3.77% |
AFDDX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.5250%
- Total broker commissions: $80K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 130%
- Securities lending: none during the year
AFDDX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| AXIOM CAPITAL MANAGEMENT INC. | $80K | 100.00% |
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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.