API Efficient Frontier Income Fund Institutional Class (APIIX)
| 11.10 Net Asset Value | -0.36% 1 Day | -1.07% Year-to-Date | Overall Morningstar Rating |
| Conservative allocation Style or Category | No Load Sales Expenses | 1.48% Expense Ratio | High 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.
Performance
| 1 month | -1.38% | 3 years | +5.95% | |
| 3 months | -4.65% | 5 years | -- | |
| 1 year | -3.08% | Since inception | +6.14% |
Data through --
Peer Comparisonvs. Conservative allocation
| APIIX | Category | |
|---|---|---|
| Performance 5-yr return | -- | +6.84% |
| Expense ratio | 1.48% | 1.28% |
| Risk 5 year sharpe ratio | 0.85 | 1.14 |
| Net assets | $800.7M | $1.6B |
| Average market cap | $1.5B | $43.3B |
| Average P/E | 8.5 | 17.9 |
| Portfolio turnover | 59% | 59% |
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Fund Management and Purchase Info
| Fund family | American Pension Investors |
| Fund manager & tenure | David Basten / 17 Years |
| Minimal initial investment | $1,000,000.00 |
| Minimum IRA investment | $0.00 |
Holdings
| U.S. stock | 46.20% |
| Fixed income | 44.81% |
| Other | 6.21% |
| International stock | 2.75% |
| Cash | 0.03% |
Top 5 SectorsPortfolio weighting
| Financial service | 73.48% |
| Energy | 11.66% |
| Industrial materials | 6.33% |
| Telecommunication | 5.21% |
| Healthcare | 0.90% |
Top 10 HoldingsPortfolio weighting
| ARCC Ares Capital Corporation | 2.04% |
| NRZ New Residential Investment Corp | 2.02% |
| STWD Starwood Property Trust, Inc. | 1.59% |
| AINV Apollo Investment Corp | 1.54% |
| CIM Chimera Investment Corp | 1.54% |
| TWO Two Harbors Investment Corp | 1.42% |
| AI Arlington Asset Investment Corp. | 1.40% |
| TCPC TCP Capital Corp | 1.33% |
| FSC Fifth Street Finance Corporation | 1.31% |
| SLRC Solar Capital Ltd. | 1.28% |
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