Portfolio Holdings
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Yorktown Short Term Bond Fund June 30, 2021 Portfolio Holdings MORNINGSTAR™ RATING AVERAGE ANNUAL TOTAL RETURNS (%) AS OF 6/30/21 HHH Class Ticker YTD3 1 Year3 2 Year3 3 Year3 5 Year 10 Year Inception Overall (3 star) A1 APIMX 0.56 3.61 2.65 2.95 3.27 2.27 3.33 Short Term Bond Category 524 funds in category A2 APIMX -1.65 1.28 1.5 2.17 2.80 1.66 3.33 The Fund had the following ratings as of 6/30/21, respectively: (1) for APIMX: 3 yr, 2 stars; 5 yr, 4 stars; Overall, 3 stars; (2) for AFMMX: L AFMMX 0.31 3.05 1.86 2.02 2.30 1.28 2.07 3 yr, 1 stars; 5 yr, 3 stars; Overall, 2 stars; (3) APIBX: 3 yr, 2 stars; 5 yr, 4 stars; Overall, 3 stars. Number of funds in the category: 3 yr, 524; 5 I APIBX 0.53 3.63 2.60 2.84 3.22 — 2.23 yr, 462; Overall, 524. The Fund does not have a 10 year Morningstar rating due to a strategy change on 12/20/2016. Morningstar ratings 1 without sales charge 2 with 2.25% sales charge 3 This fund experienced a significant change in its are based on risk-adjusted returns and do not take into account the effect of sales charges and loads. See additional information on next investment strategy and/or legal structure as of 1/1/2016, finalized on December 20, 2016. page. © 2019 Morningstar, Inc. All Rights Reserved. The information The Performance quoted represents past performance and does not guarantee future results. contained: (1) is proprietary to Morningstar and/or its content provid- The investment return and principal value of an investment in the Fund will fluctuate so that an ers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content investor’s shares, when redeemed, may be worth more or less than their original cost. Current providers are responsible for any damages or losses arising from any performance of the Fund may be lower or higher than the performance quoted. Performance use of this information. data current to the most recent month end may be obtained by calling 1-800-544-6060. PORTFOLIO BREAKDOWN (%) TOP TEN HOLDINGS AS OF 6/30/21 Corporate Bonds 62.86 Name % FUND GOALS Agency 0.45 UniCredit SpA 0.77 Cantor Fitzgerald LP 0.74 » The Fund focuses on preserving capital Communications 0.96 while seeking consistent monthly income. Consumer Discretionary 6.23 AutoNation, Inc. 0.72 » Generally appropriate for conservative, Intesa Sanpaolo SpA 0.71 income-oriented investors looking for Consumer Staples 1.55 principal stability. Energy 0.17 BGC Partners, Inc. 0.71 » The Fund primarily invests in investment Financials Intesa Sanpaolo SpA 0.70 grade debt securities of various types. 42.33 Credit Suisse Group AG 0.68 Health Care 1.81 Citadel LP 0.66 CHARACTERISTICS Industrials 2.55 Westlake Automobile Receivables Trust 0.65 Assets $596,329,752 Materials 1.13 CNO Financial Group, Inc. 0.65 Distribution Frequency Monthly Real Estate 0.08 Total 6.99 Morningstar Category Short Term Bond Technology 4.28 *Holdings subject to change. Current and future portfolio Number of Holdings 463 Utilities 1.31 holdings are subject to risk. Asset Backed Securities 26.36 SPECIFICATIONS Federal Mortgage 3.97 Class A Class L Class I (APIMX) (AFMMX) (APIBX) CLO 4.41 Incep. 7/2/97 7/1/04 5/31/13 Industrials 1.16 Cusip 028837-80-5 028837-83-9 028837-78-9 Other 0.77 Avg. Cash 0.48 Dura.1 2.00 2.00 2.00 Notes + Important Disclosures 1 Duration measures the sensitivity of the price (the value of principal) ment & Research. When calculating the credit quality breakdown, the You should carefully consider the investment objectives, poten- of a fixed-income investment to a change in interest rates. Duration is manager selects the middle rating when three or more rating agencies tial risks, management fees, and charges and expenses of the expressed as a number of years. Rising interest rates mean falling bond rate a security. When two agencies rate a security, the higher of the two Fund before investing. The Fund’s prospectus contains this and prices, while declining interest rates mean rising bond prices. ratings is used, and one rating is used if that is all that is provided. A rat- other information about the Fund, and should be read carefully ing of BB and below would represent below investment-grade. Ratings before investing. You may obtain a current copy of the fund’s Average Bond Price: 103.05 apply to the credit worthiness of the issuers of the underlying securities prospectus by calling 1-800-544-6060. The fund itself has not been rated by an independent rating agency. and not the fund or its shares. Ratings may be subject to change. Per the most current prospectus, (1) Fund total operating expense Ratings (other than U.S. Treasury securities or securities issued or backed A Fund’s direct or indirect investments in foreign securities, including ratios are: Class A, 0.88%; Class L, 1.53%; Institutional Class, 0.88% by U.S. agencies) provided by Nationally Recognized Statistical Rating depositary receipts, involve risks not associated with investing in U.S. until at least May 31, 2022. (2) In addition, the Adviser has entered Organizations (NRSRO’s) including Standard & Poor’s, Moody’s, Fitch, securities that can adversely affect the Fund’s performance. Foreign into contractual expense limitation agreement with the Trust so Kroll, Morningstar DBRS, A.M. Best, and Egan-Jones. This breakdown is markets, particularly emerging markets, may be less liquid, more volatile that the Fund’s ratio of total annual operating expenses are limited not an S&P credit rating or an opinion of S&P as to the creditworthiness and subject to less government supervision than domestic markets. to 0.84% for Class A shares and Institutional Class shares and of such portfolio. This breakdown is provided by Yorktown Manage- 1.49% for Class L Shares until at least May 31, 2022. The Fund is distributed by Ultimus Fund Distributors, LLC. Yorktown Sales Desk: 800.544.6060, Option 1 13181329-UFD-7/15/2021 2Q Yorktown Short Term Bond Fund 21 Portfolio Holdings Issuer Coupon Maturity % Issuer Coupon Maturity % Issuer Coupon Maturity % Corporate Bonds (62.86%) CONSUMER STAPLES 1.55 Bank of Ireland Group PLC 4.500% 11/25/2023 0.63 AGENCY 0.45 BAT Capital Corp. 1.036% 8/15/2022 0.08 Bank of Nova Scotia 0.587% 3/2/2026 0.34 Federal Home Loan Banks 2.000% 2/25/2036 0.17 Bunge Ltd Finance Corp. 4.350% 3/15/2024 0.55 Bank of Nova Scotia 1.300% 6/11/2025 0.34 Federal Farm Credit Banks Funding Corp. 2.490% 5/19/2036 0.17 7-Eleven, Inc. 0.800% 2/10/2024 0.17 Barclays PLC 3.684% 1/10/2023 0.17 Federal Farm Credit Banks Funding Corp. 2.070% 12/21/2040 0.08 Viterra Finance BV 2.000% 4/21/2026 0.17 Barclays PLC 4.338% 5/16/2024 0.36 Saudi Arabian Oil Co. 1.250% 11/24/2023 0.03 Walgreen Co. 3.100% 9/15/2022 0.17 Barclays PLC 1.536% 5/16/2024 0.17 COMMUNICATIONS 0.96 Walgreens Boots Alliance, Inc. 3.800% 11/18/2024 0.41 Brighthouse Financial Global Funding 0.779% 4/12/2024 0.17 AT&T, Inc. 0.690% 3/25/2024 0.17 ENERGY 0.17 Brighthouse Financial Global Funding 1.550% 5/24/2026 0.17 NBN Co. Ltd. 1.450% 5/5/2026 0.17 Chevron Corp. 1.554% 5/11/2025 0.17 CNO Financial Group, Inc. 5.250% 5/30/2025 0.65 Verizon Communications, Inc. 1.256% 5/15/2025 0.35 FINANCIALS 42.33 Canadian Imperial Bank of Commerce 1.750% 7/28/2022 0.03 Verizon Communications, Inc. 0.840% 3/20/2026 0.24 AIB Group PLC 4.263% 4/10/2025 0.54 Cantor Fitzgerald LP 4.875% 5/1/2024 0.74 Expedia Group, Inc. 5.000% 2/15/2026 0.04 AIG Global Funding 0.650% 6/17/2024 0.17 Capital One Financial Corp. 2.600% 5/11/2023 0.17 CONSUMER DISCRETIONARY 6.23 AerCap Ireland Capital DAC 3.500% 1/15/2025 0.36 Citadel Finance LLC 3.375% 3/9/2026 0.34 AutoNation, Inc. 3.500% 11/15/2024 0.72 Air Lease Corp. 2.250% 1/15/2023 0.04 Citadel LP 5.375% 1/17/2023 0.66 Daimler Finance North America LLC 1.056% 2/15/2022 0.17 Air Lease Corp. 0.700% 2/15/2024 0.17 Citigroup, Inc. 0.981% 5/1/2025 0.08 eBay, Inc. 1.400% 5/10/2026 0.08 Air Lease Corp. 1.875% 8/15/2026 0.08 Citigroup, Inc. 0.817% 6/9/2027 0.17 Ford Motor Credit Co. LLC 1.416% 3/28/2022 0.33 Allegiance Bank/Texas 5.250% 12/15/2027 0.01 Citizens Bank NA/Providence RI 0.951% 5/26/2022 0.21 Ford Motor Credit Co., LLC 5.596% 1/7/2022 0.17 Allied World Assurance Co. Holdings Ltd. 4.350% 10/29/2025 0.33 Citizens Financial Group, Inc. 4.300% 12/3/2025 0.56 General Motors Financial Co., Inc.