Overview

Investment Objective

The Fund seeks current income with limited credit risk.

Fund Description

The Yorktown Multi-Sector Bond Fund is a globally diversified portfolio that seeks a high level of current income with limited credit risk. The Fund invests primarily in a broad range of bonds including investment-grade and non-investment grade debt (U.S. and foreign). The Fund’s portfolio emphasizes credit diversification to reduce portfolio volatility, and tactically allocates risk across sectors and credit qualities while considering duration exposure. The Fund may be appropriate for investors seeking current income, total return, and limited credit risk.

Management Team
Portfolio Manager
Portfolio Manager
Managing Director
President & CIO

Why Invest

Current income from investment-grade and non-investment-grade debt

U.S. and foreign securities

Seeks to reduce portfolio volatility through diversification

Fund Information

Fund Share Class Data

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Read important information about results and other investment disclosures below.

Yields & Expenses

Yield reflects income earned during a 30-day period, after the deduction of the fund’s gross expenses.

Fees - Class A

* Finder’s Fee. See Prospectus or call the Sales Desk.

Fees - Class I

  • No Load Share Class

Fees - Class L

  • No CDSC
  • No Front or Back End Sales Charges

Performance

Class A inception: 07/02/1997

Class I inception: 04/01/2010

Class L inception: 07/01/2004

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This fund experienced a significant change in its investment strategy as of April 01, 2020.

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 1-800-544-6060.

The 3YR, 5YR and 10YR returns are annualized. SINCE INCEPTION returns are annualized when the time period from the Fund’s inception to the “As of” date is greater than 12 months.

The Fund Benchmark's SINCE INCEPTION returns are based on the oldest share class' inception date.

Read important information about results and other investment disclosures below.

This fund experienced a significant change in its investment strategy as of April 01, 2020.

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 1-800-544-6060.

The 3YR, 5YR and 10YR returns are annualized. SINCE INCEPTION returns are annualized when the time period from the Fund’s inception to the “As of” date is greater than 12 months.

The Fund Benchmark's SINCE INCEPTION returns are based on the oldest share class' inception date.

Read important information about results and other investment disclosures below.

*Calendar year performance is not net of any applicable sales charge.

This fund experienced a significant change in its investment strategy as of April 01, 2020.

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 1-800-544-6060.

Read important information about results and other investment disclosures below.

Holdings

Top 10 Portfolio Holdings

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Holdings subject to change. Current and future holdings subject to risk.

Distributions