BOYAX Fees and Costs — Boyar Value Fund Inc
Data updated: 2026-08-24
The net expense ratio is 1.75%: a 0.50% management fee, a 0.25% 12b-1 fee plus 1.04% other expenses, less a 0.04% fee waiver. This share class carries a maximum front-end sales load of 5.00%, a deferred sales charge of up to 1.00% and a redemption fee of 2.00%. In fiscal 2025 the fund paid $322 in broker commissions, 0.0015% of average net assets, and portfolio turnover was 1%.
BOYAX Fees and Expenses
Annual operating expenses and sales charges of BOYAX. Prospectus, as of April 30, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.04% |
| Gross expense ratio | 1.79% |
| Fee waiver | −0.04% |
| Net expense ratio | 1.75% |
| Sales charges | |
|---|---|
| Max front load | 5.00% |
| Max deferred load | 1.00% |
| Redemption fee | 2.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
BOYAX Costs Over Time
On $10,000 invested in BOYAX, assuming 5% a year before costs, total costs come to $1,663 over 5 years, cutting the return by 2.89% 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 | $598 | $500 | $500 |
| Fund expenses (net expense ratio 1.75%) | $175 | $540 | $930 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $25 | $106 | $233 |
| Total costs | $798 | $1,147 | $1,663 |
| Value after costs | $9,702 | $10,430 | $11,099 |
| Impact on return, per year | 7.98% | 3.59% | 2.89% |
BOYAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $322
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 1%
- Securities lending: none during the year
BOYAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Fidelity Capital Markets | $322 | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.