Yorktown Management & Research Co., Advisor to the Yorktown Funds, has been recognized for strong, risk-adjusted performance with an LSEG Lipper Fund Award for the Yorktown Growth Fund Institutional Share Class (APGRX).
Learn more about the Yorktown Growth Fund:
The Yorktown Growth Fund Institutional Shares (APGRX) won Best Fund for the 10-year period (ended 11/30/23) in the Global Small-/Mid-Cap Funds category out of 72 other share classes based on consistent risk-adjusted returns. The Fund invests in what Yorktown considers the most compelling domestic, international, and emerging market growth companies, regardless of market capitalization or sector. The Fund focuses on companies in attractive industries located in countries with growing GDP and a stable political environment. Launched in 1985, the Yorktown Growth Fund is currently managed by President & CIO David D. Basten, Managing Director David M. Basten, and Portfolio Manager Brentz East.
“ The 2024 LSEG Lipper Fund Awards are recognizing perhaps the most dramatic three-year period that the markets have seen in decades. Fund managers being recognized have steered their investors through a pandemic, a mild recession, a war, skyrocketing inflation and dramatic central bank intervention. Whether you’ve been investing for just the past 15 years and have seen only the easy money environment following the Financial Crisis – or you’ve been an investor for 50 years and feel as if you’ve seen it all, there is no way to have foreseen the range of fundamental and non-financial factors that impacted the markets these past few years. We applaud the 2024 LSEG Lipper Fund Award winners such as Yorktown Management & Research Co. for delivering outperformance and the accompanying comfort of consistency to investors’ portfolios through a cross-current of global market disruptions.”
- Robert Jenkins, Global Head of Research, Investment & Wealth LSEG Lipper
About Yorktown Funds
Founded in 1985, Yorktown Funds is an SEC registered boutique asset manager, offering a selection of '40 Act Mutual Funds, specializing in fixed income and equity strategies ranging across the market capitalization spectrum.
About The LSEG Lipper Fund Awards
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is an objective, quantitative, risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG Lipper makes reasonable efforts to ensure the accuracy and reliability of the data used to calculate the awards, their accuracy is not guaranteed.
From LSEG Lipper Fund Award © 2024 LSEG. All rights reserved. Used under license.
Disclosure
You should carefully consider the investment objectives, potential risks, management fees, charges and expenses of the fund before investing. The fund's prospectus contains this and other information about the fund and should be read carefully before investing. You may obtain a current copy of the fund's prospectus by calling 800-544-6060.
Important Risk Information
A Fund’s direct or indirect investments in foreign securities, including depositary receipts, involve risks not associated with investing in U.S. securities that can adversely affect the Fund’s performance. Foreign markets, particularly emerging markets, may be less liquid, more volatile and subject to less government supervision than domestic markets.
An investment in an exchange-traded fund (ETF) generally presents the same primary risks as an investment in a conventional fund (i.e., one that is not exchange traded) that has the same investment objectives, strategies, and policies. The price of an ETF can fluctuate up or down, and the Fund could lose money investing in an ETF if the prices of the securities owned by the ETF go down. In addition, ETFs may be subject to the following risks that do not apply to conventional funds: (i) the market price of an ETFs shares may trade above or below their net asset value; (ii) an active trading market for an ETFs shares may not develop or be maintained; or (iii) trading of an ETFs shares may be halted if the listing exchanges officials deem such action appropriate, the shares are de-listed from the exchange, or the activation of market-wide “circuit breakers” (which are tied to large decreases in stock prices) halts stock trading generally.
Investing involves risk, including loss of principal. There is no guarantee that this, or any, investment strategy will succeed.
Small- and Mid-Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.
Funds whose investments are concentrated in a specific industry or sector may be subject to a higher degree of market risk than funds whose investments are diversified. In addition, the Fund may be subject to specific risks of the technology sector, such as obsolescence.
Diversification does not ensure a profit or guarantee against loss.
Performance Information
The performance 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 800-544-6060.
As of the February 6, 2024 supplement to the prospectus, Fund total operating expense ratios are: Class A, 1.36%; Class L, 2.36%; Institutional Class, 1.36%. In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2023, so that the Fund’s ratio of total annual operating expenses is limited to 0.99% for Class A Shares, 1.99% for Class L Shares, and 0.99% for Institutional Class Shares until at least May 31, 2024.
The MSCI World Index is a free float-adjusted market capitalization index that is designed to measure global developed market equity performance. Investors cannot invest directly in an index, and unmanaged index returns do not reflect any fees, expenses or sales charges.
Yorktown Funds are distributed by Ultimus Fund Distributors, LLC (member FINRA/SIPC). Yorktown Funds and Ultimus Fund Distributors, LLC are not affiliated.
Control #: 17978026-UFD-03132024