APIGX Fees and Costs — Yorktown Capital Appreciation Fund, Class A
Data updated: 2023-09-29
The net expense ratio is 2.32%: a 0.60% management fee, a 0.25% 12b-1 fee plus 1.47% other expenses. This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 0.50%. In fiscal 2023 the fund paid $80K in broker commissions, 0.5250% of average net assets, and portfolio turnover was 130%.
APIGX Fees and Expenses
Annual operating expenses and sales charges of APIGX. Prospectus, as of May 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.47% |
| Gross expense ratio | 2.32% |
| Fee waiver | — |
| Net expense ratio | 2.32% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.50% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
APIGX Costs Over Time
On $10,000 invested in APIGX, assuming 5% a year before costs, total costs come to $2,350 over 5 years, cutting the return by 4.19% 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 | $623 | $575 | $575 |
| Fund expenses (net expense ratio 2.32%) | $230 | $703 | $1,195 |
| Trading costs (broker commissions) | $52 | $159 | $270 |
| Lost growth on money paid in costs | $29 | $134 | $310 |
| Total costs | $933 | $1,571 | $2,350 |
| Value after costs | $9,567 | $10,006 | $10,412 |
| Impact on return, per year | 9.33% | 4.98% | 4.19% |
APIGX 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
APIGX 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.