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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 8.84  /  −0.45 %
  • Total Assets 307.4 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 Medium/Moderate
  • Min. Initial Investment 1.0 Mil
  • Status Open
  • TTM Yield 4.32%
  • Effective Duration 4.39 years

USD | NAV as of Apr 16, 2024 | 1-Day Return as of Apr 16, 2024, 12:16 AM 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.

A strong management team and sound investment process underpin Yorktown Multi-Sector Bond Instl's Morningstar Medalist Rating of Bronze.

null Morningstar Manager Research

Morningstar Manager Research

Summary

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

by Morningstar Manager Research
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Portfolio Holdings APIIX

More APIIX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 0.5%

1.43 4.4 Mil
Government

Huntington Cons. Deposit

1.34 4.2 Mil
Cash and Equivalents

CONTINENTAL CREDIT CARD ABS LLC 6.16%

0.96 3.0 Mil
Securitized

Federal Home Loan Mortgage Corp. 5.5%

0.95 2.9 Mil
Securitized

AMERICAN CREDIT ACCEPTANCE RECEIVABLES TRUST 2.56%

0.94 2.9 Mil
Securitized

GLS AUTO RECEIVABLES ISSUER TRUST 3.14%

0.85 2.6 Mil
Securitized

GLS AUTO RECEIVABLES ISSUER TRUST 3.84%

0.84 2.6 Mil
Securitized

HP Inc 6%

0.84 2.6 Mil
Corporate

Federal Home Loan Mortgage Corp. 6%

0.81 2.5 Mil
Securitized

Lloyds Banking Group PLC 7.5%

0.80 2.5 Mil
Corporate