Funds & Performance
Capital Appreciation Fund
The Capital Appreciation 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 Appreciation 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.
| Assets (9/30/21): | $24,788,876 |
|---|---|
| Morningstar Category: | Allocation 70%-85% Equity |
| Distributions: | Quarterly |
| Class | Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|
| A1,3 | APIGX | 12.01 | 27.04 | 10.18 | 9.72 | 8.09 | 6.91 |
| A1,4 | APIGX | 5.57 | 19.75 | 8.03 | 8.43 | 7.45 | 6.91 |
| L2 | AFDDX | 11.32 | 26.07 | 9.34 | 8.90 | 7.41 | 6.34 |
| I2 | AFAAX | 12.23 | 27.35 | 10.46 | 10.01 | 8.50 | 7.39 |
| Class | Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|
| A1,3 | APIGX | 4.45 | 15.42 | 6.71 | 7.72 | 8.30 | 6.71 |
| A1,4 | APIGX | -1.55 | 8.79 | 4.62 | 6.45 | 7.66 | 6.71 |
| L2 | AFDDX | 3.91 | 14.56 | 5.91 | 6.93 | 7.63 | 5.95 |
| I2 | AFAAX | 4.64 | 15.72 | 6.98 | 8.01 | 8.71 | 7.00 |
1Inception Date: 4/13/1988, 2Inception Date: 7/1/2004, 3without Sales Charge 4with 5.75 Sales Charge.
Annual Operating Expenses: Per the most recent prospectus, (1) Fund total operating expense ratios are Class A, 1.79%; Class L, 2.54%; Institutional Class, 1.54% and (2) Fund net annual operating expense ratios are: Class A, 1.26%, Class L, 2.01%, Institutional Class, 1.01%. In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective March 31, 2021, so that the Fund’s ratio of total annual expenses is limited to 1.24% for Class A Share, 1.99% for Class L Shares, and 0.99% for Institutional Class Shares until at least May 31, 2022.
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: | APIGX | AFDDX | AFAAX |
Related Materials
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
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
David D. Basten
President & CIO
David M. Basten
Managing Director
Brentz East
Portfolio Manager
Barry D. Weiss, CFA
Portfolio Manager
