Funds & Performance

Master Allocation Fund

The Master Allocation Fund is a strategically diversified fund that, by investing in other of our well diversified funds, can invest across industries, sectors and markets.

The fund seeks to reduce volatility and enhance returns by combining an unprecedented degree of diversification with Yorktown’s disciplined, fact-grounded process that evaluates companies using a long-term business-owner mindset. Fund investments can include all market capitalizations and asset classes, as well as growth, value and capital-income segments in more than 30 countries around the world.

The fund is generally appropriate for investors seeking long-term wealth appreciation using a highly diversified time-tested investment management approach.

Morningstar Ownership Zone

◉   WEIGHTED AVERAGE OF HOLDINGS
◯   75% OF FUND’S STOCK HOLDINGS

ma-chart

Master Allocation Fund Facts
Assets: $28,309,246
Morningstar Category: Allocation-85%+ Equity

Average Annual Total Returns (%) as of 8/31/2017
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1 APIFX 7.44 9.19 2.17 8.13 12.47
A2 APIFX 1.25 2.92 0.17 6.86 11.68
L APILX 6.94 8.50 1.61 7.56 11.90
I3 APMAX 7.62 9.56 2.63 6.04

Average Annual Total Returns (%) as of 9/30/2017
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1 APIFX 10.91 12.81 4.60 8.34 12.76
A2 APIFX 4.52 6.33 2.56 7.07 11.98
L APILX 10.30 12.08 4.03 7.76 12.18
I3 APMAX 11.13 13.20 5.07 6.71

1 without sales charge 2 with 5.75% sales charge 3 Inception Date: May 31, 2013

As of the May 31, 2017 prospectus, amended June 21, 2017 (1) Fund total operating expense ratios are: Class A, 2.60%; Class L, 3.35%; Institutional Class, 2.35% and (2) Fund net annual operating expense ratios are: Class A, 1.19%, Class L, 1.94%, Institutional Class, 0.94% plus acquired fund fee and expenses of 1.41%. The Fund does not use fee waivers at this time.

The performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the Fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 1-800- 544-6060.

Read important information about results and other investment disclosures
below.

Class: A L I
Ticker: APIFX APILX APMAX

Related Materials

» Fact Sheet

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

This Fund spans all style boxes. Stock selection is based on a company’s ability to deliver value to shareholders. The diversification and flexibility of the Fund allow us to pursue the most compelling opportunities worldwide while adhering to our clear, repeatable and fact driven process.

David D. Basten
President/CIO

Portfolio Managers

Mike Dixon
Portfolio Manager

David M. Basten
Managing Director

Brentz East
Portfolio Manager