- What does APIBX invest in?
- Under normal circumstances, the fund invests at least 80% of its assets in fixed income securities that, in the Adviser's opinion, offer the opportunity for income consistent with preservation of capital. Its portfolio will have an average aggregate maturity of not more than three years. The fund seeks to provide diversification by allocating its investments among various areas of the fixed income markets. It primarily invests in the investment grade debt securities of various types.
- What is the expense ratio of APIBX?
- Yorktown Short Term Bond Fund (APIBX) charges an expense ratio of 0.80%. This is the annual fee deducted from fund assets to cover management and operations.
- What is APIBX's dividend yield?
- APIBX's trailing-twelve-month yield is 3.81%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of APIBX?
- Effective duration measures APIBX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. APIBX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of APIBX?
- APIBX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of APIBX?
- Yield to maturity (YTM) is the total return you'd earn from APIBX if every bond in the portfolio is held to maturity at the current price. APIBX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
