-- After Three Decades, API Funds Renamed Yorktown Funds --
LYNCHBURG, Va., July 11, 2017 /PRNewswire/ -- Riding a wave of consistent growth of assets under management and of its distribution network, the Virginia based asset management firm announced today that it will consolidate its API and Yorktown Funds under the name Yorktown Funds. The firm also unveiled a new website (www.yorktownfunds.com) that reflects the firm's long-standing tradition of putting time tested investment solutions to work for its investors.
"Over the past 30 years, we have seen significant growth in several of our actively managed fixed income and equity funds that utilize our strategic diversification model," explained David D. Basten, President of Yorktown Funds. "We have also seen increased demand from distribution channels, including independent broker dealers and traditional wirehouse firms. As our business continues to grow, we want to streamline our operations and present a single face to financial advisors and investors."
The newly named Yorktown Short Term Bond Fund (APIBX) has seen assets under management (AUM) rise from $28.1 MM to $127.5 MM over the past 16 months, while the Yorktown Multi-Asset Income (APIIX) Fund has seen an increase from $665.1 MM to $785.2 MM during that same time period.
"It is gratifying to see our time-tested approach to actively managing money gain traction in a market that is increasingly dominated by passively managed index funds," commented Basten. "It is also nice to be recognized by publications like the Wall Street Journal." See the Category King rankings by clicking these links: Yorktown Short Term Bond Fund, Yorktown Multi-Asset Income Fund. For recent fund performance, click here.
Yorktown Funds are available through more than 200 brokerage and fee based platforms, including Raymond James, BB&T Scott & Stringfellow, Stifel, LPL, UBS and Hilliard Lyons to name a few.
About Yorktown Funds
Yorktown Funds is a boutique mutual fund family with headquarters in Lynchburg, Virginia. Founded in 1985 by David D. Basten and Aubrey Mason, the firm is proudly building on a financial services heritage that has endured for over four generations. Yorktown Funds has established high standards, a track record of success and a reputation for doing what's right for shareholders.
Yorktown understands that the foundation for effective money management is dedicated research and a passion for finding value. Each of the seven Yorktown Funds stays true to its objective while maintaining strategic diversification. Each Fund seeks to deliver superior, consistent returns while managing risk. The firm invest in what we it believes to be superior companies with open-ended opportunities and competitive advantages in each category, while eliminating those that lag. The entire process requires inclusion of new and developing areas of strength in the global market place.
To learn more about Yorktown Funds, please call the sales desk at 1.800.544.6060, option 1 and visit the new website at www.yorktownfunds.com.
Past performance is no guarantee of 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. Investing involves risk, including loss of principal. Diversification does not ensure a profit or guarantee against loss. There is no assurance that this, or any, investing strategy will be successful.
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 information 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.
Distributed by Unified Financial Securities, LLC (member FINRA, Finra.org)