Exhibit (a)(2)
Certification Pursuant to Section 302 of the Sarbanes-Oxley Act

I, William S. Berno, Principal Executive Officer of Aegis High Yield
Fund, certify that:

1.  I have reviewed this report on Form N-CSR of Aegis High Yield
Fund;

2.  Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact necessary
to make the statements made, in light of the circumstances under which
such statements were made, not misleading with respect to the period
covered by this report;

3.  Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations, changes
in net assets, and cash flows (if the financial statements are required
to include a statement of cash flows) of the registrant as of, and for,
the periods presented in this report;

4.  The registrant s other certifying officer(s) and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3(d)
under the Investment Company Act of 1940) for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others within those
entities, particularly during the period in which this report is being
prepared;

(b)  Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for
external purposes in accordance with generally accepted accounting
principles;

(c)  Evaluated the effectiveness of the registrant s disclosure controls
and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of a
date within 90 days prior to the filing date of this report based on
such evaluation; and

(d)  Disclosed in this report any change in the registrant s internal
control over financial reporting that occurred during the second fiscal
quarter of the period covered by this report that has materially affected,
or is reasonably likely to materially affect, the registrant s internal
control over financial reporting; and

5.  The registrant s other certifying officer(s) and I have disclosed
to the registrant s auditors and the audit committee of the registrant s
board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the design
or operation of internal control over financial reporting which are
reasonably likely to adversely affect the registrant s ability to
record, process, summarize, and report financial information; and

(b)  Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant s internal
control over financial reporting.

Date:  September 6, 2006

By: /s/ William S. Berno, Principal Executive Officer




      Exhibit (a)(2)
Certification Pursuant to Section 302 of the Sarbanes-Oxley Act

I, Scott L. Barbee, Principal Financial Officer of Aegis High Yield
Fund , certify that:

1.  I have reviewed this report on Form N-CSR of Aegis High Yield
Fund;

2.  Based on my knowledge, this report does not contain any untrue
statement of a material fact or omit to state a material fact
necessary to make the statements made, in light of the circumstances
under which such statements were made, not misleading with respect to
the period covered by this report;

3.  Based on my knowledge, the financial statements, and other
financial information included in this report, fairly present in all
material respects the financial condition, results of operations,
changes in net assets, and cash flows (if the financial statements are
required to include a statement of cash flows) of the registrant as
of, and for, the periods presented in this report;

4.  The registrant s other certifying officer(s) and I are responsible
for establishing and maintaining disclosure controls and procedures (as
defined in Rule 30a-3(c) under the Investment Company Act of 1940) and
internal control over financial reporting (as defined in Rule 30a-3(d)
under the Investment Company Act of 1940) for the registrant and have:

(a)  Designed such disclosure controls and procedures, or caused such
disclosure controls and procedures to be designed under our supervision,
to ensure that material information relating to the registrant, including
its consolidated subsidiaries, is made known to us by others within
those entities, particularly during the period in which this report is
being prepared;

(b)  Designed such internal control over financial reporting, or caused
such internal control over financial reporting to be designed under
our supervision, to provide reasonable assurance regarding the
reliability of financial reporting and the preparation of financial
statements for external purposes in accordance with generally
accepted accounting principles;

(c)  Evaluated the effectiveness of the registrant s disclosure controls
and procedures and presented in this report our conclusions about
the effectiveness of the disclosure controls and procedures, as of a
date within 90 days prior to the filing date of this report based on
such evaluation; and

(d)  Disclosed in this report any change in the registrant s internal
control over financial reporting that occurred during the second fiscal
quarter of the period covered by this report that has materially affected,
or is reasonably likely to materially affect, the registrant s internal
control over financial reporting; and

5.  The registrant s other certifying officer(s) and I have disclosed
to the registrant s auditors and the audit committee of the registrant s
board of directors (or persons performing the equivalent functions):

(a)  All significant deficiencies and material weaknesses in the
design or operation of internal control over financial reporting
which are reasonably likely to adversely affect the registrant s
ability to record, process, summarize, and report financial information;
and

(b)  Any fraud, whether or not material, that involves management or
other employees who have a significant role in the registrant s internal
control over financial reporting.

Date:  September 6, 2006

By: /s/ Scott L. Barbee, Principal Financial Officer