Closing Navs

Funds & Performance

Closing Net Asset Values for Yorktown Funds as of 09/17/2021

CLOSING NAVS

FUND		CLASS L	CLASS A	CLASS C	INST.
Short Term Bond	Tickers	AFMMX	APIMX	—	APIBX
	NAV	3.61	3.98	—	4.25
	Daily $ Change	0.00	0.00	—	0.00
	Daily % Change	0.00%	0.00%	—	0.00%
	Offering Price	3.61	4.07	—	4.25
Multi-Asset Income	Tickers	—	—	—	—
	NAV	—	—	—	—
	Daily $ Change	—	—	—	—
	Daily % Change	—	—	—	—
	Offering Price	—	—	—	—
Capital Income	Tickers	—	—	—	—
	NAV	—	—	—	—
	Daily $ Change	—	—	—	—
	Daily % Change	—	—	—	—
	Offering Price	—	—	—	—
Master Allocation	Tickers	APILX	APIFX	—	APMAX
	NAV	21.30	24.47	—	27.26
	Daily $ Change	-0.05	-0.05	—	-0.06
	Daily % Change	-0.23%	-0.20%	—	-0.22%
	Offering Price	21.30	25.96	—	27.26
Growth	Tickers	APITX	AFGGX	—	APGRX
	NAV	15.91	21.25	—	22.85
	Daily $ Change	-0.07	-0.10	—	-0.10
	Daily % Change	-0.44%	-0.47%	—	-0.44%
	Offering Price	15.91	22.55	—	22.85
Small Cap	Tickers	YOVLX	YOVAX	—	YOVIX
	NAV	18.33	19.07	—	19.29
	Daily $ Change	0.03	0.03	—	0.03
	Daily % Change	0.16%	0.16%	—	0.16%
	Offering Price	18.33	20.23	—	19.29
Mid Cap	Tickers	—	—	—	—
	NAV	—	—	—	—
	Daily $ Change	—	—	—	—
	Daily % Change	—	—	—	—
	Offering Price	—	—	—	—

IMPORTANT DISCLOSURES

Legal Information

As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund is 2.25%, A Share is 2.25%, and (2) the maximum front end load for all other Yorktown Funds is 5.75%.

Distributed by Ultimus Fund Distributors, LLC.

As of the most recent prospectus, the operating expense ratios for the Yorktown Funds by fund and share class are: Multi-Asset Income Fund Class A, 1.13%; Multi-Asset Income Fund Class L, 1.63%; Multi-Asset Income Fund, Class C, 1.63%; Multi-Asset Income Fund Institutional Class, 0.63%; Growth Fund Class A, 1.45%; Growth Fund Class L, 2.45%; Growth Fund Institutional Class, 1.45%; Master Allocation Fund Class A, 2.54%; Master Allocation Fund Class L, 3.29%; Master Allocation Fund Institutional Class, 2.29%.

As of the most recent prospectus, the adjusted annual operating expense ratios for the Yorktown Funds by fund and share class are: Multi-Asset Income Fund Class A, 1.09%, Multi-Asset Income Fund Class L, 1.59%, Multi-Asset Income Fund Class C, 1.59%, Multi-Asset Income Fund Institutional Class, 0.59% plus acquired fund fees and expenses of 0.04%; Master Allocation Fund Class A, 1.31%, Master Allocation Fund Class L, 2.06%, Master Allocation Fund Institutional Class, 1.06% plus acquired fund fee and expenses of 1.23%. These funds do not use fee waivers at this time.

As of the most recent prospectus, the Yorktown Capital Income Fund total Operating expense ratios are (1) Class A 1.76%; Class L 2.51%; Institutional 1.51% and (2) Fund adjusted annual operating expense ratios are: Class A 1.48%; Class L 2.23% Institutional 1.23% plus acquired fund fees an expenses of 0.04%. In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective June 30, 2020, so that the Fund’s ratio of total annual operating expenses is limited to 1.44% for Class A Shares, 2.19% for Class L Shares, and 1.19% for Institutional Class Shares until at least June 30, 2021.

As of the most recent prospectus, the Yorktown Short Term Bond Fund total annual operating expenses before fee waivers for the Class A, Class L, and Institutional shares are 0.90%, 1.55%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective through May 31, 2021, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.19% for Class L Shares, and 0.89% for Institutional Class Shares.

As of the most recent prospectus, the total operating expense ratios for the Yorktown Small Cap Fund by share class are: Class A, 1.96%; Class L, 2.71%; Institutional Class, 1.71%. As of the most recent prospectus, the net annual operating expense ratios for the Yorktown Small Cap Fund by share class are: Class A, 1.48%, Class L, 2.23%, Institutional Class, 1.23%. For the Yorktown Small Cap Fund, the net annual expense ratio takes into account contractual management fee waivers that are in effect until May 6, 2021 per the prospectus.

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.

Investing involves risk, including loss of principal. There is no guarantee that this, or any investment strategy, will succeed.

Diversification does not ensure a profit or guarantee against loss.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund’s prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the Fund’s prospectus by calling 1-800- 544-6060 or by clicking here.

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