APITX Fees and Costs — Yorktown Growth Fund, Class L
Data updated: 2026-09-29
The net expense ratio is 2.26%: a 0.90% management fee, a 1.00% 12b-1 fee plus 0.38% other expenses, less a 0.02% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $77K in broker commissions, 0.0840% of average net assets, and portfolio turnover was 38%.
APITX Fees and Expenses
Annual operating expenses and sales charges of APITX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.38% |
| Gross expense ratio | 2.28% |
| Fee waiver | −0.02% |
| Net expense ratio | 2.26% |
| 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 |
APITX Costs Over Time
On $10,000 invested in APITX, assuming 5% a year before costs, total costs come to $1,427 over 5 years, cutting the return by 2.46% 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 2.26%) | $237 | $730 | $1,248 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $0 | $38 | $133 |
| Total costs | $246 | $795 | $1,427 |
| Value after costs | $10,254 | $10,781 | $11,336 |
| Impact on return, per year | 2.46% | 2.46% | 2.46% |
APITX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending January 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0840%
- Total broker commissions: $77K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 38%
- Securities lending: none during the year
APITX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| AXIOM CAPITAL MANAGEMENT INC. | $77K | 99.82% |
| WELLS FARGO SECURITIES LLC | $142 | 0.18% |
Yorktown Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| AFGGX | Class A | 1.26% | 5.75% |
| APGRX | Institutional Class | 1.26% | none |
| APITX | Class L | 2.26% | 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.