Funds & Performance
Short Term Bond Fund
The Short Term Bond Fund is a short duration investment grade bond portfolio that focuses on preserving capital while seeking income consistent with that objective.
Yorktown believes active management is critical in the short term bond space and our disciplined process has the potential to add value for shareholders with the goal of minimizing risk relative to return.
Reasons to Consider the Short Term Bond Fund
- The Fund seeks income consistent with the preservation of capital
- Generally appropriate for conservative, income-oriented investors while looking for principal stability
- The Fund primarily invests in investment grade debt securities of various types
Morningstar Rating
OVERALL (3 STARS) OUT OF 496 FUNDS IN CATEGORY
| Assets (3/31/20): | $461,814,889 |
|---|---|
| Morningstar Category: | Short Term Bond |
| Distributions: | Monthly |
| Ticker | Subsidized | Unsubsidized | |
|---|---|---|---|
| Class I: | APIBX | 3.02% | 3.00% |
| Class L: | AFMMX | 2.37% | 2.35% |
| Class A: | APIMX | 3.02% | 2.99% |
| Class | Ticker | YTD4 | 1 Year4 | 2 Year4 | 3 Year4 | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|---|
| A1 | APIMX | -1.63 | 0.45 | 1.73 | 1.93 | 1.76 | 3.88 | 3.25 |
| A2 | APIMX | -3.82 | -1.80 | 0.58 | 1.17 | 0.55 | 3.27 | 3.25 |
| L | AFMMX | -2.14 | -0.42 | 0.66 | 0.96 | 0.74 | 2.85 | 1.92 |
| I3 | APIBX | -2.00 | 0.18 | 1.62 | 1.89 | 1.70 | – | 1.78 |
| Class | Ticker | YTD4 | 1 Year4 | 2 Year4 | 3 Year4 | 5 Year | 10 Year | Inception |
|---|---|---|---|---|---|---|---|---|
| A1 | APIMX | -4.04 | -0.97 | 0.71 | 1.50 | 1.47 | 2.38 | 3.16 |
| A2 | APIMX | -6.18 | -3.20 | -0.43 | 0.73 | 0.28 | 1.78 | 3.16 |
| L | AFMMX | -4.39 | -2.01 | -0.33 | 0.48 | 0.45 | 1.35 | 1.79 |
| I3 | APIBX | -4.25 | -1.16 | 0.66 | 1.49 | 1.44 | – | 1.48 |
Unsubsidized: reflects the income earned during a 30 Day period, after the deduction of the fund’s gross expenses.
1without Sales Charge 2with Sales Charge 2.25% 3Inception Date 5/31/2013,
4 This fund experienced a significant change in its investment strategy and/or legal structure as of 1/1/2016, finalized on December 20, 2016.
Annual Operating Expenses: Per the most current prospectus, (1) Fund total operating expense ratios before fee waivers are: Class A, 0.90%; Class L, 1.90%; Institutional Class, 0.90% and (2) 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 ratios of total annual operating expenses are limited to: Class A, 0.89%; Class L, 1.89%; Institutional Class, 0.89%.
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: | APIMX | AFMMX | APIBX |
Related Materials
» Fact Sheet
» Portfolio Holdings
» Zephyr Comparison
» Bloomberg Analysis
» PM Commentary
Class A
Breakpoint Schedule
| Investment | Offering Price |
|---|---|
| Less than $100K | 2.25% |
| $100K but less than $250K | 1.75% |
| $250K but less than $500K | 1.25% |
| $500K and above* | 0.00% |
* Finder’s Fee. See Prospectus or call
the Sales Desk
Class L
We employ a fundamental value-oriented philosophy of income consistent with preservation of capital. Our process combines a top down approach with bottom up fundamental analysis.
Our primary goal for the Yorktown Short Term Bond Fund is to maintain NAV stability (i.e. capital preservation) while generating a reasonable amount of return. To that end, our clear and repeatable process facilitates timely implementation of strategies designed to help us adjust the risk/reward exposures as we seek to produce attractive total return while also minimizing risk and volatility.
Barry Weiss, CFA
Portfolio Manager
Portfolio Managers
Barry D. Weiss, CFA
Portfolio Manager
John Tener, CFA
Portfolio Manager
David M. Basten
Managing Director
David D. Basten
President & CIO
