Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

API Efficient Frontier Income Fund Institutional Class (APIIX)

Net Asset Value
1 Day
Overall Morningstar Rating
Conservative allocation
Style or Category
No Load
Sales Expenses
Expense Ratio
Morningstar Risk Rating™
Investment Objective The investment seeks current income with limited credit risk. The fund invests in securities that, in the Adviser's opinion, offer the opportunity for current income with limited credit risk. The adviser invests directly in equity or debt securities when it believes attractive investment opportunities exist. The adviser may sell a security or redeem shares of an underlying fund given a variety of circumstances.


1 month+0.25% 3 years+1.73%
3 months+0.45% 5 years+3.82%
1 year-7.34% Since inception+4.48%
Data through --

Peer Comparisonvs. Conservative allocation

Performance 5-yr return+3.82%+4.85%
Expense ratio2.09%1.21%
Risk 5 year sharpe ratio0.470.90
Net assets$731.7M$1.4B
Average market cap$6.0B$41.7B
Average P/E13.418.2
Portfolio turnover50%50%

There are thousands of mutual funds to choose from. Get Money Magazine’s picks in all major categories.

Fund Management and Purchase Info

Fund familyAmerican Pension Investors
Fund manager & tenureDavid Basten / 18 Years
Minimal initial investment$1,000,000.00
Minimum IRA investment--


U.S. stock53.95%
Fixed income36.90%
International stock6.02%
Top 5 Sectors
Portfolio weighting
Financial service 73.48%
Energy 11.66%
Industrial materials 6.33%
Telecommunication 5.21%
Healthcare 0.90%
Top 10 Holdings
Portfolio weighting
NRZ New Residential Investment Corp2.34%
NLY Annaly Capital Management Inc1.75%
HTGC Hercules Technology Growth Capital Inc1.05%
SLRC Solar Capital Ltd0.98%
EFC Ellington Financial LLC0.96%
T AT&T0.95%
GE General Electric0.93%
TCRD THL Credit Inc0.91%
SPY SPDR® S&P 500 ETF0.90%
TSLX TPG Specialty Lending Inc0.90%