APIIX: Yorktown Multi-Asset Income Instl

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APIIX Yorktown Multi-Asset Income Instl


Profile

APIIX - Profile

Vitals

  • YTD Return -0.1%
  • 3 Yr Annualized Return -0.1%
  • 5 Yr Annualized Return -0.9%
  • Net Assets $647 M
  • Holdings in Top 10 11.3%

52 WEEK LOW AND HIGH

$10.89
$10.38
$11.06

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.59%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 48.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return -0.1%
  • 3 Yr Annualized Total Return 3.7%
  • 5 Yr Annualized Total Return 4.4%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 5.16%
DIVIDENDS
  • Dividend Yield 0.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Yorktown Multi-Asset Income Fund
  • Fund Family Name
    Yorktown Funds
  • Inception Date
    Apr 01, 2010
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    David Basten

Fund Description

The fund invests in securities that, in the adviser's opinion, offer the opportunity for current income with limited credit risk. The adviser invests directly in equity or debt securities when the adviser believes attractive investment opportunities exist. The adviser may sell a security or redeem shares of an underlying fund given a variety of circumstances.


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Categories

APIIX - Mutual Fund Categories


Performance

APIIX - Performance

Return Ranking - Trailing

Period APIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -15.0% 16.9% 27.45%
1 Yr 2.7% -38.5% 36.2% 60.56%
3 Yr -0.1%* -33.9% 11.4% 66.63%
5 Yr -0.9%* -37.5% 8.0% 68.06%
10 Yr N/A* -37.7% 15.7% 22.87%

* Annualized

Return Ranking - Calendar

Period APIIX Return Category Return Low Category Return High Rank in Category (%)
2019 10.5% -50.4% 46.8% 56.74%
2018 -10.5% -31.8% 19.0% 56.39%
2017 4.1% -44.7% 46.3% 68.97%
2016 8.5% -84.5% 146.1% 9.82%
2015 -13.0% -40.7% 14.6% 94.58%

Total Return Ranking - Trailing

Period APIIX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.1% -15.0% 16.9% 27.45%
1 Yr 3.2% -38.5% 36.2% 54.71%
3 Yr 3.7%* -33.9% 11.4% 37.77%
5 Yr 4.4%* -37.5% 8.3% 19.44%
10 Yr N/A* -37.7% 16.6% 48.99%

* Annualized

Total Return Ranking - Calendar

Period APIIX Return Category Return Low Category Return High Rank in Category (%)
2019 11.5% -50.4% 46.8% 48.59%
2018 -6.4% -27.4% 19.0% 49.78%
2017 10.6% -44.7% 46.3% 42.96%
2016 16.7% -84.5% 146.1% 3.75%
2015 -5.8% -36.9% 14.6% 75.24%

NAV & Total Return History


Holdings

APIIX - Holdings

Concentration Analysis

APIIX Category Low Category High APIIX % Rank
Net Assets 647 M 178 K 161 B 42.89%
Number of Holdings 288 2 13810 41.38%
Net Assets in Top 10 72.5 M -39.4 M 33.7 B 59.79%
Weighting of Top 10 11.28% 9.4% 100.0% 98.76%

Top 10 Holdings

  1. Everest Reinsurance Holdings, Inc. 4.29% 1.64%
  2. Yorktown Small-Cap Institutional 1.50%
  3. PBF Holding Company LLC and PBF Finance Corp. 7.25% 1.16%
  4. PPL Capital Funding Inc. 4.63% 1.07%
  5. Pilgrims Pride Corporation 5.75% 1.06%
  6. Pra Group Inc 3% 1.06%
  7. Mueller Industries Inc. 6% 1.03%
  8. Goldman Sachs Group, Inc. 5% 0.95%
  9. The Hartford Financial Services Group, Inc. 4.03% 0.92%
  10. Unisys Corporation 10.75% 0.88%

Asset Allocation

Weighting Return Low Return High APIIX % Rank
Bonds
69.27% -3.79% 78.41% 7.83%
Stocks
13.16% -41.01% 78.71% 87.62%
Convertible Bonds
6.86% -0.84% 52.57% 6.77%
Preferred Stocks
5.65% 0.00% 44.10% 6.56%
Cash
5.06% -102.09% 77.18% 45.40%
Other
0.00% -41.44% 154.72% 72.59%

Stock Sector Breakdown

Weighting Return Low Return High APIIX % Rank
Financial Services
19.03% 0.00% 67.69% 17.42%
Consumer Cyclical
12.80% 0.00% 32.07% 7.83%
Industrials
11.74% 0.00% 99.44% 27.01%
Energy
11.61% 0.00% 100.00% 6.62%
Basic Materials
10.15% 0.00% 100.00% 2.32%
Technology
8.87% 0.00% 72.78% 85.56%
Healthcare
6.89% 0.00% 61.80% 88.86%
Utilities
5.49% 0.00% 100.00% 21.06%
Consumer Defense
5.47% 0.00% 25.21% 74.97%
Communication Services
4.59% 0.00% 32.16% 74.42%
Real Estate
3.37% -2.05% 100.00% 57.11%

Stock Geographic Breakdown

Weighting Return Low Return High APIIX % Rank
US
11.46% -41.02% 77.06% 87.83%
Non US
1.70% -2.63% 32.14% 71.64%

Bond Sector Breakdown

Weighting Return Low Return High APIIX % Rank
Corporate
84.55% 0.00% 100.00% 5.40%
Securitized
9.62% 0.00% 58.89% 62.33%
Cash & Equivalents
5.82% -3.87% 100.00% 79.58%
Derivative
0.00% -3.25% 55.67% 59.89%
Municipal
0.00% 0.00% 99.77% 65.71%
Government
0.00% -0.45% 93.76% 92.38%

Bond Geographic Breakdown

Weighting Return Low Return High APIIX % Rank
US
54.16% -5.05% 84.24% 18.10%
Non US
15.11% -12.68% 26.09% 3.07%

Expenses

APIIX - Expenses

Operational Fees

APIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.59% 0.02% 18.45% 79.46%
Management Fee 0.40% 0.00% 2.00% 34.64%
12b-1 Fee 0.00% 0.00% 1.00% 5.88%
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

APIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

APIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

APIIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 48.00% 0.00% 574.00% 49.28%

Distributions

APIIX - Distributions

Dividend Yield Analysis

APIIX Category Low Category High APIIX % Rank
Dividend Yield 0.83% 0.00% 9.78% 5.71%

Dividend Distribution Analysis

APIIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Quarterly

Net Income Ratio Analysis

APIIX Category Low Category High APIIX % Rank
Net Income Ratio 5.16% -4.40% 6.65% 1.29%

Capital Gain Distribution Analysis

APIIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Quarterly Annually

Dividend Payout History

View More +

Fund Manager Analysis

APIIX - Fund Manager Analysis

Managers

David Basten


Start Date

Tenure

Tenure Rank

Jul 02, 1997

22.6

22.6%

Mr. Basten is president and director of the Yorktown Management and Research Company, Inc., vice president of The Travel Center of Virginia, Inc., partner of The Rivermont Company and partner of Downtown Enterprises. He has also served as president and director of Yorktown Distributors, Inc.

Barry Weiss


Start Date

Tenure

Tenure Rank

Mar 25, 2019

0.85

0.9%

Mr. Barry D. Weiss, CFA serves as Portfolio Managers at Yorktown Management & Research since 2019. Prior to that, Mr. Weiss was a Senior Director with the Kroll Bond Rating Agency from 2016 through March 2019. Mr. Weiss was Director for Fund Ratings at Standard & Poor’s Rating Services from 2013 through 2016.

John Tener


Start Date

Tenure

Tenure Rank

Apr 10, 2019

0.81

0.8%

Mr. Tener has served as Portfolio Manager since 2019 and prior to that was a Portfolio Manager for Atlantic Capital Management from 2013 through April 2019.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.11 6.65 0.08