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Morningstar

Yorktown Multi-Sector Bond Instl APIIX

Morningstar Medalist Rating
Medalist Rating as of | See Yorktown Funds Investment Hub
  • NAV / 1-Day Return 8.50  /  0.47 %
  • Total Assets 286.4 Mil
  • Adj. Expense Ratio
    0.660%
  • Expense Ratio 0.670%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000,000
  • Status Open
  • TTM Yield 4.70%
  • Effective Duration —

USD | NAV as of Oct 02, 2023 | 1-Day Return as of Oct 02, 2023, 10:12 PM GMT+0

Morningstar’s Analysis APIIX

Will APIIX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable APIIX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the APIIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of APIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Yorktown Multi-Sector Bond Instl's Average Process Pillar and People Pillar ratings result in a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings APIIX

More APIIX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 278
  • Other Holdings 24
  • % Assets in Top 10 Holdings 10.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 1.125%

1.54
4,471,094
Government

BNP Paribas SA 6.625%

1.36
3,965,400
Corporate

UNITED AUTO CREDIT SECURITIZATION TRUST 2021-1 2.58%

1.09
3,182,132
Securitized

Goldman Sachs Group, Inc. 8.21086%

1.03
2,999,080
Corporate

GLS AUTO RECEIVABLES ISSUER TRUST 3.84%

1.02
2,957,515
Securitized

CONTINENTAL CREDIT CARD ABS LLC 6.16%

0.99
2,883,985
Securitized

HILDENE TRUPS SECURITIZATION 2019-2 8.09478%

0.98
2,850,000
Securitized

AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2.56%

0.96
2,789,537
Securitized

GLS AUTO RECEIVABLES ISSUER TRUST 3.14%

0.89
2,591,665
Securitized

Atrium Xii Llc 2015-12R 7.25718%

0.85
2,487,030
Securitized