Funds & Performance

Mid Cap Fund

The Mid Cap Fund seeks long-term capital appreciation.

The Fund seeks stocks that combine attractive valuation and strong fundamentals and that are either quality companies trading at discount prices or are corporate transformation opportunities.

Reasons to Consider the Mid Cap Fund

  • Seeks to deliver superior, risk-adjusted returns
  • Employs a contrarian investment approach
  • Curates a small, focused portfolio of holdings
  • Employs a bottom up stock selection process
  • Assumes a long-term investment horizon
  • Applies rigorous business evaluation to each company
  • Seeks to uncover opportunities and reduce stock-specific
    and portfolio-level risk.


Poplar Forest Capital is an investment management firm specializing in
large- and mid-cap value equities. The firm takes a contrarian approach informed by analytical rigor, a long-term investment horizon, a bottom up stock selection process and a focus on small, concentrated portfolios. The firm holds true to fundamental business analysis and contrarian strategy, un-swayed by mainstream opinion or the short-term action of markets.

Mid Cap Fund Facts
Morningstar Category: Mid-Cap Blend

Average Annual Total Returns (%) as of 3/31/2019
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1, 3 YWBAX 12.47 -15.16 -2.79
A2, 3 YWBAX 6.00 -20.03 -4.76
L3 YWBLX 12.30 -15.82 -3.43
I3 YWBIX 12.53 -14.99 -2.50

Average Annual Total Returns (%) as of 4/30/2019
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1, 3 YWBAX 15.65 -13.40 -1.79
A2, 3 YWBAX 9.00 -18.41 -3.73
L3 YWBLX 15.41 -14.06 -2.44
I3 YWBIX 15.70 -13.24 -1.52

1without Sales Charge 2with Sales Charge 3Inception 5/10/2016

Annual Operating Expenses: Per the most recent prospectus, (1) Fund total operating expense ratios are: Class A, 2.14%; Class L, 2.89%; Institutional Class, 1.89% and (2) Fund adjusted annual operating expense ratios are: Class A, 1.35%, Class L, 2.10%, Institutional Class, 1.10%. The adjusted annual expense ratio takes into account contractual management fee waivers that are in effect until January 31, 2021.

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.

Read important information about results and other investment disclosures below.

Class: A L I

Related Materials

» Fact Sheet
» PM Commentary

Financial Professional Only – Mid Cap

For the password, email or call the sales desk at 1-800-544-6060, option 1.

Class A

Breakpoint Schedule

Investment Offering
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

Dale Harvey brings decades of investment experience
and what we believe to be a distinct perspective to his management of the Yorktown Mid Cap Fund, His contrarian value approach and focus on smaller portfolios will help position the Fund as an appropriate counterpoint
to our other, more broadly diversified funds, providing advisors and their clients a broad pallet of investment choices.

David D. Basten

Portfolio Manager

J. Dale Harvey

As of February 13, 2017, Poplar Forest CEO/CIO, J. Dale Harvey was hired as portfolio manager.

    • B.S. in Commerce, with
      honors, UVA 1987
    • Morgan Stanley, M&A
      Department, 2 years
    • MBA, with honors, Harvard
      University 1991
    • Served as portfolio counselor
      with The Capital Group
      Companies for 16 years,
      managing over $20 Billion is
      assets with American Funds.
    • Started Poplar Forest Capital
      in 2007