AFDDX — Yorktown Capital Appreciation Fund

Data updated: 2023-09-29

AFDDX — Yorktown Capital Appreciation Fund. Money Market · $10.89M AUM · 3.07% expense ratio · 6.5% 1-yr return. Holdings, fees, performance and SEC filings.

AFDDX Fund Overview

AFDDX — Yorktown Capital Appreciation Fund is a US mutual fund managed by American Pension Investors Trust, categorised as Money Market. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

  • Type: US mutual fund
  • Manager: American Pension Investors Trust
  • Category: Money Market
  • Assets under management: $10.89M
  • 1-year return: 6.5%
  • Ticker: AFDDX
  • SEC CIK: 0000764859
  • SEC series ID: S000008425
  • Share class ID: C000023128

AFDDX Investment Objective and Strategy

Yorktown Capital Appreciation Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by American Pension Investors Trust.

Investment objective

Investment Objective High current income, as well as growth of capital and income.

Principal investment strategy

"The Capital Income Fund invests in securities that, in the Adviser's opinion, offer the opportunity for high current income or growth of capital and income. The Capital Income Fund may invest in the common stock of U.S. and foreign issuers and in other U.S. and foreign securities, including securities convertible into common stock and securities issued through private placements; securities issued by Underlying Funds that seek to achieve an objective of total return by investing in income-producing equity securities (including dividend-paying common stocks and convertible securities), long-, intermediate- or short-term bonds and other fixed-income securities (such as U.S. Government securities, corporate bonds, commercial paper and preferred stocks); ETF's; real estate investment trusts and other issuers that invest, deal, or otherwise engage in transactions in real estate; debt securities; and other instruments.

The Adviser invests directly in equity or debt securities when it believes attractive investment opportunities exist. Attractive investments are securities that have been identified by the Adviser as trading below their current intrinsic value and that possess fundamental attributes that, in the Adviser's opinion, indicate significant long-term growth and income potential. Although the Adviser considers ratings in determining whether securities convertible into common stock or debt securities are appropriate investments for the Capital Income Fund, such securities may include investments rated below investment grade, commonly known to as ""junk bonds."" When investing in Underlying Funds, the Adviser considers, among other things, the Underlying Funds' past performance and their investment objectives and policies, the investment style, reputation and quality of their investment advisers and the Underlying Funds' size and cost structure.

The Adviser selects ETF's 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 in Underlying Funds, and ETF's, the Capital Income Fund may have significant exposure to foreign securities, high yield securities and equity-based, income producing securities. The Adviser may sell a security or redeem shares of an Underlying Fund given a variety of circumstances, such as: when an investment no longer appears to the Adviser to offer the potential to achieve the Capital Income 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."

AFDDX Performance

Total returns for AFDDX (as of 2026-10-01), from SEC filings.

PeriodTotal return
1 year6.5%
3 years (annualised)-5.4%

AFDDX Risk Information

Risk metrics for AFDDX, derived from monthly returns in SEC filings.

  • 1-year volatility (annualised): 25.6%

AFDDX Costs and Fees

AFDDX costs about $307 per $10,000 invested per year in fund expenses.

  • Net expense ratio: 3.07%
  • Gross expense ratio: 3.07%
  • Portfolio turnover: 130%
  • Brokerage commissions: 52.50 bps of average net assets (SEC N-CEN)

AFDDX Cashflows

Over the 12 months to 2023-07, Yorktown Capital Appreciation Fund had net outflows of $5.29M, from monthly SEC N-PORT filings.

MonthNet flow
2023-07−$135.28K
2023-06−$1.97M
2023-05$2.07M
2023-04−$25.58K
2023-03−$40.76K
2023-02−$112.08K

AFDDX Debt Constituents

No individual debt constituents are reported in Yorktown Capital Appreciation Fund's latest SEC N-PORT filing.

AFDDX Prospectus and SEC Filings

Official Yorktown Capital Appreciation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

Related Funds

Other Money Market funds tracked on ABC INVEST:

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.