Funds & Performance
Yorktown Funds Annualized Performance(%) Quarter End June 30, 2020
Yorktown Funds Annualized Performance(%) Month End August 31, 2020
FUND PERFORMANCE
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | APIBX | no | 5/31/2013 | -0.16 | 1.59 | 2.29 | 2.33 | — | 2.03 |
| Multi-Asset Income | APIIX | no | 4/01/2010 | -10.34 | -5.79 | 0.63 | 3.14 | 4.97 | 4.51 |
| Capital Income | AFAAX | no | 7/01/2004 | -7.93 | -2.46 | 2.93 | 4.43 | 7.81 | 6.31 |
| Master Allocation | APMAX | no | 5/31/2013 | -4.79 | 0.47 | 2.64 | 2.86 | — | 4.62 |
| Growth | APGRX | no | 5/31/2013 | 0.48 | 9.22 | 8.71 | 7.61 | — | 8.63 |
| Small Cap Fund | YOVIX | no | 5/9/2016 | -6.14 | -3.60 | -4.81 | — | — | 8.12 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund 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%; Capital Income Fund Class A, 1.56%; Capital Income Fund Class L, 2.31%; Capital Income Fund Institutional Class, 1.31%; 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%; Capital Income Fund Class A, 1.53%, Capital Income Fund Class L, 2.28%, Capital Income Fund Institutional Class, 1.29% plus acquired fund fees and expenses of 0.03%; 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 Short Term Bond Fund total annual operating expenses before fee waivers for the Class A, Class L, and Institutional shares are 0.90%, 1.90%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2019, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | AFMMX | no | 7/01/2004 | -0.60 | 0.68 | 1.34 | 1.30 | 3.41 | 2.01 |
| Multi-Asset Income | AFFIX | no | 7/01/2004 | -10.86 | -6.75 | -0.36 | 2.10 | 3.93 | 4.16 |
| Capital Income | AFDDX | no | 7/01/2004 | -8.41 | -3.50 | 1.88 | 3.37 | 6.73 | 5.26 |
| Master Allocation | APILX | no | 3/19/2009 | -5.25 | -0.55 | 1.60 | 1.83 | 6.41 | 9.19 |
| Growth | APITX | no | 6/14/1985 | -0.08 | 8.10 | 7.62 | 6.51 | 10.31 | 7.70 |
| Small Cap Fund | YOVLX | no | 5/9/2016 | -6.61 | -4.48 | 3.79 | — | — | 7.05 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund 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%; Capital Income Fund Class A, 1.56%; Capital Income Fund Class L, 2.31%; Capital Income Fund Institutional Class, 1.31%; 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%; Capital Income Fund Class A, 1.53%, Capital Income Fund Class L, 2.28%, Capital Income Fund Institutional Class, 1.29% plus acquired fund fees and expenses of 0.03%; 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 Short Term Bond Fund total annual operating expenses before fee waivers for the Class A, Class L, and Institutional shares are 0.90%, 1.90%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2019, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Multi-Asset Income | AFFCX | no | 5/06/2016 | -10.86 | -1.11 | -0.37 | — | — | 3.52 |
| Multi-Asset Income | AFFCX | 1% | 5/06/2016 | -11.73 | -1.11 | -0.37 | — | — | 3.52 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund 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%; Capital Income Fund Class A, 1.56%; Capital Income Fund Class L, 2.31%; Capital Income Fund Institutional Class, 1.31%; 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%; Capital Income Fund Class A, 1.53%, Capital Income Fund Class L, 2.28%, Capital Income Fund Institutional Class, 1.29% plus acquired fund fees and expenses of 0.03%; 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 Short Term Bond Fund total annual operating expenses before fee waivers for the Class A, Class L, and Institutional shares are 0.90%, 1.90%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2019, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | APIMX | no | 7/02/1997 | 0.08 | 1.70 | 2.35 | 2.34 | 4.45 | 3.31 |
| Short Term Bond | APIMX | 2.25% | 7/02/1997 | -2.15 | -0.58 | 1.87 | 1.87 | 3.83 | 3.31 |
| Multi-Asset Income | APIUX | no | 7/02/1997 | -10.51 | -6.15 | 0.16 | 2.64 | 4.41 | 4.99 |
| Multi-Asset Income | APIUX | 5.75% | 7/02/1997 | -15.63 | -11.58 | -1.78 | 1.43 | 3.80 | 4.99 |
| Capital Income | APIGX | no | 4/13/1988 | -8.05 | -2.70 | 2.66 | 4.08 | 7.36 | 6.37 |
| Capital Income | APIGX | 5.75% | 4/13/1988 | -13.34 | -8.30 | 0.66 | 2.85 | 6.73 | 6.37 |
| Master Allocation | APIFX | no | 3/19/2009 | -4.92 | 0.22 | 2.38 | 2.52 | 7.03 | 9.82 |
| Master Allocation | APIFX | 5.75% | 3/19/2009 | -10.37 | -5.54 | 0.37 | 1.32 | 6.40 | 9.24 |
| Growth | AFGGX | no | 7/01/2004 | 0.51 | 9.22 | 8.72 | 7.60 | 11.42 | 7.61 |
| Growth | AFGGX | 5.75% | 7/01/2004 | -5.25 | 2.96 | 6.60 | 6.34 | 10.77 | 7.61 |
| Small Cap | YOVAX | no | 5/9/2016 | -6.27 | -3.79 | 4.59 | — | — | 7.88 |
| Small Cap | YOVAX | 5.75% | 5/9/2016 | -11.66 | -9.32 | 2.54 | — | — | 6.35 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund 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%; Capital Income Fund Class A, 1.56%; Capital Income Fund Class L, 2.31%; Capital Income Fund Institutional Class, 1.31%; 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%; Capital Income Fund Class A, 1.53%, Capital Income Fund Class L, 2.28%, Capital Income Fund Institutional Class, 1.29% plus acquired fund fees and expenses of 0.03%; 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 Short Term Bond Fund total annual operating expenses before fee waivers for the Class A, Class L, and Institutional shares are 0.90%, 1.90%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2019, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | APIBX | no | 5/31/2013 | 1.35 | 2.17 | 2.56 | 3.09 | — | 2.19 |
| Multi-Asset Income | APIIX | no | 4/01/2010 | -6.13 | -1.34 | 1.86 | 5.17 | 4.96 | 4.84 |
| Capital Income | AFAAX | no | 7/01/2004 | -1.78 | 3.92 | 4.82 | 6.94 | 8.05 | 6.67 |
| Master Allocation | APMAX | no | 5/31/2013 | 4.17 | 11.35 | 5.50 | 6.07 | — | 5.82 |
| Growth | APGRX | no | 5/31/2013 | 12.12 | 23.30 | 11.64 | 11.59 | — | 10.07 |
| Small Cap | YOVIX | no | 5/9/2016 | 5.16 | 9.65 | 9.13 | — | — | 10.67 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund is 2.25%, and (2) the maximum front end load for all other Yorktown Funds is 5.75%.
Distributed by Unified Financial Securities, 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, 1.15%; Multi-Asset Income Fund Class L, 1.65%; Multi-Asset Income Fund, Class C, 1.65%; Multi-Asset Income Fund Institutional Class, 0.65%; Growth Fund Class A, 1.40%; Growth Fund Class L, 2.40%; Growth Fund Institutional Class, 1.40%; Capital Income Fund Class A, 1.45%; Capital Income Fund Class L, 2.20%; Capital Income Fund Institutional Class, 1.20%; Master Allocation Fund Class A, 2.56%; Master Allocation Fund Class L, 3.31%; Master Allocation Fund Institutional Class, 2.31%.
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, 1.11%, Multi-Asset Income Fund Class L, 1.61%, Multi-Asset Income Fund Class C, 1.61, Multi-Asset Income Fund Institutional Class, 0.61% plus acquired fund fees and expenses of 0.04%; Capital Income Fund Class A, 1.39%, Capital Income Fund Class L, 2.14%, Capital Income Fund Institutional Class, 1.14% plus acquired fund fees and expenses of 0.06%; Master Allocation Fund Class A, 1.24%, Master Allocation Fund Class L, 1.99%, Master Allocation Fund Institutional Class, 0.99% plus acquired fund fee and expenses of 1.32%. These funds do not use fee waivers at this time.
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 0.98%, 1.98%, 0.98%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2018, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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, 2.26%; Class L, 3.01%; Institutional Class, 2.01%. The total operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 2.14%; Class L, 2.89%; Institutional Class, 1.89%. As of the most recent prospectus, the net annual operating expense ratios for the Yorktown Small Cap Fund by share class are: Class A, 1.45%, Class L, 2.20%, Institutional Class, 1.20%. The net annual operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 1.35%, Class L, 2.10%, Institutional Class, 1.10%. For the Yorktown Small Cap and Mid Funds, the net annual expense ratio takes into account contractual management fee waivers that are in effect until May 6, 2021 for Small Cap and January 31, 2021 for Mid Cap, per the prospectus.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | AFMMX | no | 6/30/2004 | 0.78 | 1.42 | 1.58 | 2.07 | 3.18 | 2.15 |
| Multi-Asset Income | AFFIX | no | 6/30/2004 | -6.74 | -2.25 | 0.88 | 4.14 | 3.92 | 4.37 |
| Capital Income | AFDDX | no | 6/30/2004 | -1.78 | 3.92 | 4.82 | 6.94 | 8.05 | 5.62 |
| Master Allocation | APILX | no | 3/18/2009 | 3.48 | 10.23 | 4.43 | 5.01 | 7.09 | 9.90 |
| Growth | APITX | no | 6/14/1985 | 11.32 | 22.11 | 10.53 | 10.47 | 11.16 | 7.98 |
| Small Cap | YOVLX | no | 5/9/2016 | 4.41 | 8.55 | 8.06 | — | — | 9.56 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund is 2.25%, and (2) the maximum front end load for all other Yorktown Funds is 5.75%.
Distributed by Unified Financial Securities, 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, 1.15%; Multi-Asset Income Fund Class L, 1.65%; Multi-Asset Income Fund, Class C, 1.65%; Multi-Asset Income Fund Institutional Class, 0.65%; Growth Fund Class A, 1.40%; Growth Fund Class L, 2.40%; Growth Fund Institutional Class, 1.40%; Capital Income Fund Class A, 1.45%; Capital Income Fund Class L, 2.20%; Capital Income Fund Institutional Class, 1.20%; Master Allocation Fund Class A, 2.56%; Master Allocation Fund Class L, 3.31%; Master Allocation Fund Institutional Class, 2.31%.
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, 1.11%, Multi-Asset Income Fund Class L, 1.61%, Multi-Asset Income Fund Class C, 1.61, Multi-Asset Income Fund Institutional Class, 0.61% plus acquired fund fees and expenses of 0.04%; Capital Income Fund Class A, 1.39%, Capital Income Fund Class L, 2.14%, Capital Income Fund Institutional Class, 1.14% plus acquired fund fees and expenses of 0.06%; Master Allocation Fund Class A, 1.24%, Master Allocation Fund Class L, 1.99%, Master Allocation Fund Institutional Class, 0.99% plus acquired fund fee and expenses of 1.32%. These funds do not use fee waivers at this time.
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 0.98%, 1.98%, 0.98%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2018, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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, 2.26%; Class L, 3.01%; Institutional Class, 2.01%. The total operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 2.14%; Class L, 2.89%; Institutional Class, 1.89%. As of the most recent prospectus, the net annual operating expense ratios for the Yorktown Small Cap Fund by share class are: Class A, 1.45%, Class L, 2.20%, Institutional Class, 1.20%. The net annual operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 1.35%, Class L, 2.10%, Institutional Class, 1.10%. For the Yorktown Small Cap and Mid Cap Funds, the net annual expense ratio takes into account contractual management fee waivers that are in effect until May 6, 2021.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Multi-Asset Income | AFFCX | no | 5/06/2016 | -6.76 | -2.27 | 0.86 | — | — | 4.46 |
| Multi-Asset Income | AFFCX | 1% | 5/06/2016 | -7.67 | -3.21 | 0.86 | — | — | 4.46 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund is 2.25%, and (2) the maximum front end load for all other Yorktown Funds is 5.75%.
Distributed by Unified Financial Securities, 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, 1.15%; Multi-Asset Income Fund Class L, 1.65%; Multi-Asset Income Fund, Class C, 1.65%; Multi-Asset Income Fund Institutional Class, 0.65%; Growth Fund Class A, 1.40%; Growth Fund Class L, 2.40%; Growth Fund Institutional Class, 1.40%; Capital Income Fund Class A, 1.45%; Capital Income Fund Class L, 2.20%; Capital Income Fund Institutional Class, 1.20%; Master Allocation Fund Class A, 2.56%; Master Allocation Fund Class L, 3.31%; Master Allocation Fund Institutional Class, 2.31%.
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, 1.11%, Multi-Asset Income Fund Class L, 1.61%, Multi-Asset Income Fund Class C, 1.61, Multi-Asset Income Fund Institutional Class, 0.61% plus acquired fund fees and expenses of 0.04%; Capital Income Fund Class A, 1.39%, Capital Income Fund Class L, 2.14%, Capital Income Fund Institutional Class, 1.14% plus acquired fund fees and expenses of 0.06%; Master Allocation Fund Class A, 1.24%, Master Allocation Fund Class L, 1.99%, Master Allocation Fund Institutional Class, 0.99% plus acquired fund fee and expenses of 1.32%. These funds do not use fee waivers at this time.
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 0.98%, 1.98%, 0.98%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2018, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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, 2.26%; Class L, 3.01%; Institutional Class, 2.01%. The total operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 2.14%; Class L, 2.89%; Institutional Class, 1.89%. As of the most recent prospectus, the net annual operating expense ratios for the Yorktown Small Cap Fund by share class are: Class A, 1.45%, Class L, 2.20%, Institutional Class, 1.20%. The net annual operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 1.35%, Class L, 2.10%, Institutional Class, 1.10%. For the Yorktown Small Cap and Mid Cap Funds, the net annual expense ratio takes into account contractual management fee waivers that are in effect until May 6, 2021.
| YORKTOWN FUND | TICKER | FEE | INCEPTION | YTD | 1 YEAR | 3 YEAR | 5 YEAR | 10 YEAR | SINCE INCEPTION |
|---|---|---|---|---|---|---|---|---|---|
| Short Term Bond | APIMX | no | 7/02/1997 | 1.70 | 2.58 | 2.64 | 3.13 | 4.24 | 3.34 |
| Short Term Bond | APIMX | 2.25% | 7/02/1997 | -0.57 | 0.29 | 1.88 | 2.66 | 3.62 | 3.34 |
| Multi-Asset Income | APIUX | no | 7/02/1997 | -6.36 | -1.79 | 1.38 | 4.66 | 4.41 | 5.12 |
| Multi-Asset Income | APIUX | 5.75% | 7/02/1997 | -11.73 | -7.42 | -0.59 | 3.43 | 3.79 | 5.12 |
| Capital Income | APIGX | no | 4/13/1988 | -1.95 | 3.66 | 4.55 | 6.59 | 7.60 | 6.54 |
| Capital Income | APIGX | 5.75% | 4/13/1988 | -7.59 | -2.30 | 2.50 | 5.34 | 6.97 | 6.54 |
| Master Allocation | APIFX | no | 3/18/2009 | 3.98 | 11.04 | 5.23 | 5.73 | 7.72 | 10.54 |
| Master Allocation | APIFX | 5.75% | 3/18/2009 | -1.98 | 4.66 | 3.17 | 4.49 | 7.09 | 10.54 |
| Growth | AFGGX | no | 6/30/2004 | 12.11 | 23.26 | 11.63 | 11.58 | 12.28 | 8.37 |
| Growth | AFGGX | 5.75% | 6/30/2004 | 5.68 | 16.18 | 9.45 | 10.26 | 11.61 | 8.37 |
| Small Cap | YOVAX | no | 5/9/2016 | 4.95 | 9.47 | 8.88 | — | — | 10.42 |
| Small Cap | YOVAX | 5.75% | 5/9/2016 | -1.09 | 3.16 | 6.76 | — | — | 10.42 |
The performance 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.
As disclosed in the prospectus, (1) the maximum front end load for the Yorktown Short Term Bond Fund is 2.25%, and (2) the maximum front end load for all other Yorktown Funds is 5.75%.
Distributed by Unified Financial Securities, 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%; Capital Income Fund Class A, 1.56%; Capital Income Fund Class L, 2.31%; Capital Income Fund Institutional Class, 1.31%; Master Allocation Fund Class A, 2.56%; Master Allocation Fund Class L, 3.31%; Master Allocation Fund Institutional Class, 2.31%.
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, 1.11%, Multi-Asset Income Fund Class L, 1.61%, Multi-Asset Income Fund Class C, 1.61, Multi-Asset Income Fund Institutional Class, 0.61% plus acquired fund fees and expenses of 0.04%; Capital Income Fund Class A, 1.53%, Capital Income Fund Class L, 2.28%, Capital Income Fund Institutional Class, 1.28% plus acquired fund fees and expenses of 0.03%; Master Allocation Fund Class A, 1.24%, Master Allocation Fund Class L, 1.99%, Master Allocation Fund Institutional Class, 0.99% plus acquired fund fee and expenses of 1.32%. These funds do not use fee waivers at this time.
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%, 1.90%, 0.90%, respectively. In addition, the Adviser has entered into a one-year contractual expense limitation agreement with the Trust, effective May 31, 2019, so that the Fund’s ratio of total annual operating expenses is limited to 0.89% for Class A Shares, 1.89% 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%. The total operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 2.06%; Class L, 2.81%; Institutional Class, 1.81%. 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%. The net annual operating expense ratios for the Yorktown Mid Cap Fund by share class are: Class A, 1.38%, Class L, 2.13%, Institutional Class, 1.13%. For the Yorktown Small Cap and Mid Cap Funds, the net annual expense ratio takes into account contractual management fee waivers that are in effect until May 6, 2021.
