Funds & Performance

Capital Income Fund

The Capital Income Fund is a multi-capitalization, globally diversified fund. The fund invests in stocks, bonds, and other financial instruments with the potential for income and appreciation. This total-return fund seeks to build a portfolio that has an above-market dividend yield by investing in companies that provide capital growth and dividend income, have shareholder-minded management teams and trade at attractive valuations. Yorktown seeks to purchase broad sectors of the global economy that provide strong prospects for increased dividend, interest and capital returns throughout the business cycle.

The fund is generally appropriate for investors who want income but also
need to grow capital for the future.

Reasons to Consider the Capital Income Fund

  • Objective: High current income, as well as growth of capital
    and income.
  • The Fund is a multi-capitalization, globally diversified fund that invests in stocks, bonds, and other financial instruments with the
    potential for income and appreciation.
  • Yorktown seeks to purchase broad sectors of the global economy that provide strong prospects for increased dividend, interest and capital returns throughout the business cycle.
  • The Fund is generally appropriate for investors seeking capital
    appreciation and income.

Morningstar Rating

3stars-120x30

As of June 30, 2017, the Fund’s A and Institutional shares received a 3-star Overall Rating in the World Large Stock category.

Capital Income Fund Facts
Assets: $39,508,707
Morningstar Category: World Stock
Distributions: Quarterly

SEC 30 Day Yield (%)
Class A: 1.44
Class L: 0.78
Class I: 1.77

Average Annual Total Returns (%) as of 7/31/2017
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1, 3 APIGX 10.82 12.78 4.69 8.23 4.42 6.81
A1, 4 APIGX 4.45 6.29 2.64 6.95 3.81 6.81
L2 AFDDX 10.38 12.10 4.12 7.67 3.90 6.18
I2 AFAAX 11.02 13.24 5.17 8.75 4.92 7.23

Average Annual Total Returns (%) as of 6/30/2017
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A3 APIGX 8.58 13.83 2.92 8.16 3.90 6.75
A4 APIGX 2.34 7.29 0.91 6.89 3.29 6.75
L AFDDX 8.20 13.17 2.37 7.60 3.38 6.06
I2 AFAAX 8.73 14.28 3.40 8.68 4.39 7.10

1Inception Date: 4/13/1998, 2Inception Date: 7/1/2004, 3without Sales Charge 4with 5.75 Sales Charge.

Read important information about results and other investment disclosures below.

As of May 31, 2017, the total operating expense ratios for the Yorktown Capital Income Fund by share class are: Class A (APIGX), 1.63%; Class L (AFDDX), 2.38%; Institutional Class (AFAAX), 1.38%. As of May 31, 2017, the adjusted annual operating expense ratios for the Yorktown Capital Income Fund by share class are: Class A (APIGX), 1.52%, Class L (AFDDX), 2.27%, Institutional Class (AFAAX), 1.27 plus acquired fund fees and expenses of 0.11%. The fund does not use fee waivers at this time.

Class: A L I
Ticker: APIGX AFDDX AFAAX

Related Materials

» Fact Sheet
» Portfolio Holdings

Class A

Breakpoint Schedule

Investment Offering
Price
Less than $25K 5.75%
$25K but less than $50K 5.00%
$50K but less than $100K 4.50%
$100K but less than $250K 3.50%
$250K but less than $500K 2.50%
$500K but less than $750K 2.00%
$750K but less than $1Million 1.50%
$1Million and above* 0.00%

* Finder’s Fee. See Prospectus or call
the Sales Desk

Class L

•    No CDSC
•    No Front or Back End Sales Charges
•    Offers Clients Complete Liquidity

Our three pronged investment case for the Fund consists of
Valuation, Fundamental Analysis and Global Economic and Political Analysis. However, our analysis gives extra consideration to companies that return capital to shareholders.

David D. Basten
President/CIO

Portfolio Managers

Mike Dixon
Portfolio Manager

David M. Basten
Managing Director

Brentz East
Portfolio Manager