David Dillard Basten
Headshot of David Basten

David Dillard Basten

President & CIO

As founder of Yorktown Funds, it is my honor to work with a team of seasoned professionals who are committed to pooling their experience, approach and principles to help our clients achieve long- term investment success. Together, we have established high standards for disciplined portfolio construction, an established track record, steadfast focus, professional customer service, integrity in all we do and dedication for doing what’s right for our shareholders.

Our employees possess not only expertise and experience, but also an innate sense of quality. They are empowered to do their best, and most importantly, make a positive difference for you. You can count on us to continue to invest in high-quality people, technology and other resources that will allow our professionals to make sound decisions, faithfully executing our investment process.

From all of us here at Yorktown Funds, we value the opportunity to work with you and your portfolio to achieve success.

Annual Operating Expenses

Per the most recent prospectus, (1) Fund total operating expense ratios are: Class A, 1.90%; Class L, 2.65%; Institutional Class, 1.65% and (2) Fund net annual operating expense ratios are: Class A, 1.54%, Class L, 2.29%, Institutional Class, 1.29%. The net annual expense ratio takes into account contractual management fee waivers that are in effect until May 31, 2024.


Annual Operating Expenses

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.

Annual Operating Expenses

Per the most recent prospectus, Fund total operating expense ratios are: Class A, 2.68%; Class L, 3.43%; Institutional Class, 2.43%. The Fund does not use fee waivers at this time.

Annual Operating Expenses

Per the most current prospectus, (1) Fund total operating expense ratios are: Class A, 0.92%; Class L, 1.57%; Institutional Class, 0.92% until at least May 31, 2024. (2) In addition, the Adviser has entered into a contractual expense limitation agreement with the Trust so that the Fund’s ratio of total annual operating expenses are limited to 0.84% for Class A shares and Institutional Class shares and 1.49% for Class L Shares until at least May 31, 2024.