Funds & Performance

Multi-Asset Income Fund

The Multi-Asset Income Fund is a globally diversified high-income portfolio.

The fund invests in the full range of income securities across all market capitalizations and asset classes, mainly fixed-income, equities, REITs and preferred stocks. Since the fund can invest globally in all market capitalizations, Yorktown is able to seek securities that offer the highest level of income, while also providing greater liquidity, diversity of credit risk and opportunities than other funds.

The fund may be appropriate for investors who want to generate above-average income.

Multi-Asset Income Fund Facts
Assets (6/30/20): $506,962,071
Morningstar Category: Allocation—
30% to 50% Equity
Distributions: Monthly

30-Day SEC Yields as of 9/30/2020
Class I: APIIX 4.34%
Class L: AFFIX 3.34%
Class A: APIUX 3.84%

Average Annual Total Returns (%) as of 8/31/2020
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1, 4 APIUX -6.36 -1.79 1.38 4.66 4.41 5.12
A1, 5 APIUX -11.73 -7.42 -0.59 3.43 3.79 5.12
L2 AFFIX -6.74 -2.25 0.88 4.14 3.92 4.37
I3 APIIX -6.13 -1.34 1.86 5.17 4.96 4.84

Average Annual Total Returns (%) as of 9/30/2020
Class Ticker YTD 1 Year 3 Year 5 Year 10 Year Inception
A1, 4 APIUX -6.29 -3.13 0.83 5.44 4.09 5.14
A1, 5 APIUX -11.66 -8.71 -1.13 4.21 3.47 5.14
L2 AFFIX -6.71 -3.56 0.35 4.91 3.61 4.39
I3 APIIX -5.93 -2.61 1.34 5.96 4.65 4.88

1 Inception Date: 7/2/1997, 2 Inception Date: 7/1/2004, 3 Inception Date: 4/1/2010, 4without Sales Charge  5with Sales Charge, 5.75%.

Annual Operating Expenses: Per the most recent prospectus, (1) Fund total operating expense ratios are: Class A, 1.13%; Class L, 1.63%; Institutional Class, 0.63% and (2) Fund adjusted annual operating expense ratios are: Class A, 1.09%, Class L, 1.59%, Institutional Class, 0.59% plus acquired fund fees and expenses of 0.04%. 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

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

We buy what we believe is the best the market has to offer and invest with an owner’s mindset. We believe that searching for opportunities worldwide may help to enhance portfolio yield and reduce volatility.

David D. Basten

Portfolio Managers

Barry D. Weiss, CFA
Portfolio Manager

John Tener, CFA
Portfolio Manager

David M. Basten
Managing Director

David D. Basten
President & CIO