APIFX — Yorktown Master Allocation Fund
Data updated: 2023-09-29
APIFX — Yorktown Master Allocation Fund. Money Market · $13.95M AUM · 2.97% expense ratio · -48.5% 1-yr return. Holdings, fees, performance and SEC filings.
APIFX Fund Overview
APIFX — Yorktown Master Allocation 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: $13.95M
- 1-year return: -48.5%
- Ticker: APIFX
- SEC CIK: 0000764859
- SEC series ID: S000025174
- Share class ID: C000075062
APIFX Investment Objective and Strategy
Yorktown Master Allocation 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 Long term capital appreciation and current income.
Principal investment strategy
"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;"" ETF's, 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 (""ETF's""); 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 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 through investments in Underlying Funds and ETF's, 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
Total returns for APIFX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -48.5% |
| 3 years (annualised) | -50.2% |
APIFX Risk Information
Risk metrics for APIFX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 18.6%
APIFX Costs and Fees
APIFX costs about $297 per $10,000 invested per year in fund expenses.
- Net expense ratio: 2.97%
- Gross expense ratio: 2.97%
- Portfolio turnover: 35%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
APIFX Cashflows
Over the 12 months to 2023-07, Yorktown Master Allocation Fund had net outflows of $223.87K, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2023-07 | −$179.93K |
| 2023-06 | −$105.93K |
| 2023-05 | −$342.44K |
| 2023-04 | $104.04K |
| 2023-03 | −$159.76K |
| 2023-02 | $622.38K |
APIFX Debt Constituents
No individual debt constituents are reported in Yorktown Master Allocation Fund's latest SEC N-PORT filing.
APIFX Prospectus and SEC Filings
Official Yorktown Master Allocation Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-05-30
- Prospectus (485BPOS) — filed 2022-05-27
- Prospectus supplement (497) — filed 2021-06-17
- Portfolio holdings (N-PORT) — filed 2023-09-29
- Portfolio holdings (N-PORT) — filed 2023-06-27
- Portfolio holdings (N-PORT) — filed 2023-03-31
- Annual census (N-CEN) — filed 2023-04-04
- Annual census (N-CEN) — filed 2022-04-12
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.