YOVAX Fees and Costs — Yorktown Small Cap Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.60%: a 0.90% management fee, a 0.25% 12b-1 fee plus 0.87% other expenses, less a 0.42% fee waiver. 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 2026 the fund paid $69K in broker commissions, 0.2219% of average net assets, and portfolio turnover was 81%.
YOVAX Fees and Expenses
Annual operating expenses and sales charges of YOVAX. Prospectus, as of May 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.87% |
| Gross expense ratio | 2.02% |
| Fee waiver | −0.42% |
| Net expense ratio | 1.60% |
| 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 |
YOVAX Costs Over Time
On $10,000 invested in YOVAX, assuming 5% a year before costs, total costs come to $1,790 over 5 years, cutting the return by 3.13% 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 | $624 | $575 | $575 |
| Fund expenses (net expense ratio 1.60%) | $158 | $490 | $842 |
| Trading costs (broker commissions) | $22 | $68 | $117 |
| Lost growth on money paid in costs | $29 | $118 | $257 |
| Total costs | $833 | $1,251 | $1,790 |
| Value after costs | $9,667 | $10,325 | $10,972 |
| Impact on return, per year | 8.33% | 3.93% | 3.13% |
YOVAX 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): 0.2219%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 81%
- Securities lending: none during the year
YOVAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| AXIOM CAPITAL MANAGEMENT, INC. | $69K | 100.00% |
Yorktown Small Cap Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| YOVIX | Institutional Class | 1.35% | none |
| YOVAX | Class A | 1.60% | 5.75% |
| YOVLX | Class L | 2.35% | 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.