Yorktown Master Allocation A
Name
As of 08/25/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-15.6%
1 yr return
-22.2%
3 Yr Avg Return
-8.5%
5 Yr Avg Return
-0.1%
Net Assets
$14 M
Holdings in Top 10
96.4%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 1.64%
SALES FEES
Front Load 5.75%
Deferred Load N/A
TRADING FEES
Turnover 5.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 08/25/2023Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
APIFX - Profile
Distributions
- YTD Total Return -15.6%
- 3 Yr Annualized Total Return -8.5%
- 5 Yr Annualized Total Return -0.1%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio -0.94%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Annually
Fund Details
-
Legal NameYorktown Master Allocation Fund
-
Fund Family NameYorktown Funds
-
Inception DateMar 19, 2009
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUnited States
-
ManagerDavid Basten
Fund Description
The Master Allocation Fund invests its assets in a variety of equity and debt securities. The Fund also invests in the securities of other open-end mutual funds managed by the Adviser (each a “Yorktown Fund” and, collectively, the “Yorktown Funds”), but reserves the right to invest Fund assets in other equity and debt securities as it deems appropriate in seeking to achieve the Fund’s investment objective. The Adviser does not presently intend to invest Fund assets in individual equity or debt securities. Rather, the Fund will seek to gain exposure to those asset classes through investments in the Yorktown Funds or other Underlying Funds (defined below). In seeking to take advantage of current or expected market conditions and/or to manage risk, the Adviser exercises a flexible strategy in the selection of investments and is not limited by investment style or asset class. The Fund, either directly or indirectly through investments in Underlying Funds, may purchase many types of securities, including, among others:
■ | Common stock of U.S. and foreign issuers and other U.S. and foreign securities, including securities convertible into common stock and securities issued through private placements; |
■ | Securities issued by investment companies, such as open-end mutual funds (including the Yorktown Funds), exchange-traded funds, closed-end funds, unit investment trusts, private investment companies (hedge funds) and foreign investment companies (“Underlying Funds”); |
■ | Long-, intermediate- or short-term bonds and other fixed-income securities (such as U.S. government securities, corporate bonds, and commercial paper), including investments rated below investment grade, commonly known as “junk bonds;” |
■ | ETFs, including exchange traded funds and similar securities that represent interests in a portfolio of common stocks or fixed income securities seeking to track the performance of a securities index or benchmark (“ETFs”); |
■ | Real estate investment trusts and other issuers that invest, deal, or otherwise engage in transactions in real estate; |
When investing in an Underlying Fund, the Adviser considers, among other things, the Underlying Fund’s past performance and its investment objectives and policies, the investment style, reputation and quality of its investment adviser and the Underlying Fund’s size and cost structure. The Adviser selects ETFs in which to invest based on a number of factors, including an analysis of their past performance, market sector and liquidity. Through direct investments and indirect investments through investments in Underlying Funds and ETFs, the Fund may have significant exposure to foreign securities, including emerging market securities, small-cap securities, high yield securities, equity-based, income producing securities and specific sectors of the market.
The Adviser may sell a security or redeem shares of an Underlying Fund in a variety of circumstances, such as: when an investment no longer appears to offer the potential to achieve the Fund’s investment objective; when an investment’s performance does not meet the Adviser’s expectations; when an investment opportunity arises that the Adviser believes is more compelling; to realize gains or limit losses; or to raise cash to meet shareholder redemptions or to pay expenses.
The Fund may, from time to time, take temporary defensive positions that are inconsistent with the Fund’s principal investment strategies in attempting to respond to adverse market, economic, political, or other conditions. When the Fund takes a defensive position, the Fund’s assets may be held in cash and/or invested in money market mutual funds, money market instruments, including repurchase agreements or other short term securities considered by the Adviser to be of a defensive nature. When the Fund is invested in this manner, it may not achieve its investment objective.
To the extent that the Fund invests in one or more Yorktown Funds, the Adviser will be receiving investment advisory fees from the Fund and from the Yorktown Fund(s) in which the Adviser has invested.
APIFX - Performance
Return Ranking - Trailing
Period | APIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.6% | -8.5% | 19.5% | 100.00% |
1 Yr | -22.2% | -30.1% | 5.5% | 100.00% |
3 Yr | -8.5%* | -18.1% | 7.5% | 100.00% |
5 Yr | -0.1%* | -13.8% | 7.8% | 99.38% |
10 Yr | 3.1%* | -8.5% | 6.0% | 100.00% |
* Annualized
Return Ranking - Calendar
Period | APIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -36.8% | -44.4% | -9.8% | 96.81% |
2022 | 7.4% | -24.1% | 20.1% | 66.29% |
2021 | 13.1% | -10.9% | 60.4% | 38.24% |
2020 | -10.5% | -13.8% | 36.4% | 100.00% |
2019 | -26.7% | -32.7% | -6.5% | 97.48% |
Total Return Ranking - Trailing
Period | APIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -15.6% | -5.0% | 19.5% | 100.00% |
1 Yr | -22.2% | -14.6% | 7.2% | 100.00% |
3 Yr | -8.5%* | -5.9% | 10.5% | 100.00% |
5 Yr | -0.1%* | -3.7% | 10.9% | 99.38% |
10 Yr | 3.1%* | 2.3% | 13.7% | 100.00% |
* Annualized
Total Return Ranking - Calendar
Period | APIFX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | -32.1% | -43.2% | -3.8% | 99.47% |
2022 | 12.6% | -24.1% | 27.9% | 95.51% |
2021 | 23.8% | -5.3% | 62.8% | 38.24% |
2020 | 46.9% | 12.4% | 52.6% | 2.47% |
2019 | -12.3% | -18.4% | -2.3% | 93.08% |
NAV & Total Return History
APIFX - Holdings
Concentration Analysis
APIFX | Category Low | Category High | APIFX % Rank | |
---|---|---|---|---|
Net Assets | 14 M | 1.12 M | 89.9 B | 99.47% |
Number of Holdings | 4 | 4 | 9963 | 100.00% |
Net Assets in Top 10 | 14.2 M | 6.34 M | 17.7 B | 98.95% |
Weighting of Top 10 | 96.44% | 15.1% | 100.0% | 17.39% |
Top 10 Holdings
- Yorktown Growth Institutional 33.40%
- Yorktown Capital Appreciation Instl 31.99%
- Yorktown Small-Cap Institutional 31.05%
Asset Allocation
Weighting | Return Low | Return High | APIFX % Rank | |
---|---|---|---|---|
Stocks | 93.64% | 41.81% | 99.54% | 54.74% |
Cash | 6.36% | -175.13% | 34.02% | 9.47% |
Preferred Stocks | 0.00% | 0.00% | 4.51% | 80.00% |
Other | 0.00% | -2.94% | 17.05% | 90.53% |
Convertible Bonds | 0.00% | 0.00% | 3.88% | 78.95% |
Bonds | 0.00% | 0.00% | 172.53% | 87.89% |
Stock Sector Breakdown
Weighting | Return Low | Return High | APIFX % Rank | |
---|---|---|---|---|
Technology | 25.17% | 1.75% | 32.38% | 13.23% |
Industrials | 15.05% | 1.80% | 15.05% | 1.06% |
Financial Services | 15.00% | 9.56% | 42.24% | 51.85% |
Consumer Cyclical | 12.47% | 1.15% | 24.72% | 22.22% |
Healthcare | 11.49% | 2.06% | 19.02% | 88.89% |
Communication Services | 6.28% | 1.90% | 13.69% | 65.61% |
Basic Materials | 5.46% | 0.00% | 8.62% | 22.75% |
Consumer Defense | 4.00% | 0.47% | 14.80% | 94.71% |
Real Estate | 2.88% | 0.00% | 28.04% | 62.43% |
Energy | 1.39% | 0.00% | 31.98% | 92.59% |
Utilities | 0.81% | 0.00% | 15.29% | 93.65% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | APIFX % Rank | |
---|---|---|---|---|
US | 76.06% | 27.22% | 98.64% | 18.42% |
Non US | 17.58% | 0.38% | 36.06% | 79.47% |
APIFX - Expenses
Operational Fees
APIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 1.64% | 0.01% | 2.81% | 9.14% |
Management Fee | 0.30% | 0.00% | 1.30% | 72.63% |
12b-1 Fee | 0.25% | 0.00% | 1.00% | 37.60% |
Administrative Fee | N/A | 0.01% | 0.28% | N/A |
Sales Fees
APIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | 5.75% | 3.00% | 5.75% | 16.67% |
Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
APIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 2.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
APIFX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 5.00% | 0.18% | 300.02% | 11.30% |
APIFX - Distributions
Dividend Yield Analysis
APIFX | Category Low | Category High | APIFX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 3.04% | 55.79% |
Dividend Distribution Analysis
APIFX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Annually | Annually | Quarterly | Annually |
Net Income Ratio Analysis
APIFX | Category Low | Category High | APIFX % Rank | |
---|---|---|---|---|
Net Income Ratio | -0.94% | -1.69% | 5.31% | 100.00% |
Capital Gain Distribution Analysis
APIFX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Dec 09, 2019 | $6.012 | OrdinaryDividend |
Dec 28, 2018 | $0.007 | OrdinaryDividend |
Dec 28, 2017 | $0.207 | OrdinaryDividend |
APIFX - Fund Manager Analysis
Managers
David Basten
Start Date
Tenure
Tenure Rank
Mar 19, 2009
13.21
13.2%
Mr. David D. Basten is the Yorktown’s Chief Investment Officer and a Portfolio Manager, having served in that capacity since commencement of each Fund’s operations. Mr. David D. Basten is President and Director of the Yorktown, Managing Partner of Waimed Enterprises, LLC and partner of Downtown Enterprises.Mr. David M. Basten has served as Portfolio Manager since 2005.
Brentz East
Start Date
Tenure
Tenure Rank
May 31, 2011
11.01
11.0%
Mrs. Brentz East has served as portfolio manager since 2011 and prior to that held various positions at the Yorktown Management & Research Company, Inc., including as a securities analyst.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.19 | 26.6 | 6.61 | 2.41 |