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.
| Assets (6/30/20): | $506,962,071 |
|---|---|
| Morningstar Category: | Allocation— 30% to 50% Equity |
| Distributions: | Monthly |
| Class I: | APIIX | 5.47% |
|---|---|---|
| Class L: | AFFIX | 4.47% |
| Class A: | APIUX | 4.97% |
| Class | Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|
| A1, 4 | APIUX | -7.91 | -4.29 | 0.71 | 3.39 | 4.23 | 5.10 |
| A1, 5 | APIUX | -13.19 | -9.80 | -1.26 | 2.17 | 3.61 | 5.10 |
| L2 | AFFIX | -8.25 | -4.79 | 0.21 | 2.87 | 3.76 | 4.32 |
| I3 | APIIX | -7.64 | -3.83 | 1.22 | 3.90 | 4.79 | 4.77 |
| Class | Ticker | YTD | 1 Year | 3 Year | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|
| A1, 4 | APIUX | -10.51 | -6.15 | 0.16 | 2.64 | 4.41 | 4.99 |
| A1, 5 | APIUX | -15.63 | -11.58 | -1.78 | 1.43 | 3.80 | 4.99 |
| L2 | AFFIX | -10.86 | -6.75 | -0.36 | 2.10 | 3.93 | 4.16 |
| I3 | APIIX | -10.34 | -5.79 | 0.63 | 3.14 | 4.97 | 4.51 |
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 |
|---|---|---|---|
| Ticker: | APIUX | AFFIX | APIIX |
Related Materials
» Fact Sheet
» Portfolio Holdings
» Zephyr Comparison
» PM Commentary
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
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
President/CIO
Portfolio Managers
Barry D. Weiss, CFA
Portfolio Manager
John Tener, CFA
Portfolio Manager
David M. Basten
Managing Director
David D. Basten
President & CIO
