Fund Evaluator:
Yorktown Growth Institutional (APGRX)
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Fund Details
Yorktown Growth Institutional Overview
Yorktown Growth Institutional (APGRX) is an actively managed International Equity Global Small/Mid Stock fund. Yorktown Funds launched the fund in 2013.
The investment seeks growth of capital. The fund invests in securities that, in the opinion of Yorktown Management & Research Company, Inc. (the "Adviser"), offer the opportunity for growth of capital. It can include stocks of any size, within any sector, and at times the Adviser may emphasize one or more particular sectors. The fund may also invest in other U.S. and foreign securities, including securities convertible into common stock and securities issued through private placements, and securities issued by investment companies ("underlying funds").
About Yorktown Growth Institutional (APGRX)
There are 3 members of the management team with an average tenure of 25.81 years: David Basten (2005), Brentz East (2011), David Basten (1985). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: MSCI ACWI NR USD index with a weighting of 100%. Yorktown Growth Institutional has 200 securities in its portfolio. The top 10 holdings constitute 16.5% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Yorktown Growth Institutional is part of the Equity global asset class and is within the International Equity fund group. Yorktown Growth Institutional has 16.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.7%. There is 16.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Yorktown Growth Institutional has 1.2% of the portfolio in cash.
Assets Under Management
The fund has $69 million in total assets, which is below the $858 million average for the Global Small/Mid Stock category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
APGRX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Yorktown Growth Institutional expense ratio is high compared to funds in the Global Small/Mid Stock category. Yorktown Growth Institutional has an expense ratio of 1.26%, which is the same as its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Yorktown Growth Institutional has a portfolio turnover rate of 38%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 57% for the Global Small/Mid Stock category.
Recently, in the month of August 2026, Yorktown Growth Institutional returned -0.5%, which earned it a grade of F, as the Global Small/Mid Stock category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Yorktown Growth Institutional has a trailing yield of 0.00%, which is below the 1.30% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Yorktown Growth Institutional Grades
Year to date, the fund has returned 13.9%, 0.9 percentage points better than the category, which translates into a grade of B. The fund has returned 15.2% over the past year (grade of C), 13.6% over the past three years (grade of B) and 4.3% per year over the past five years (grade of B) and 10.5% per year over the past 10 years (grade of A).
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APGRX Trailing NAV Total Returns Data as of 8/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| APGRX Return (NAV) | -0.5% | -2.6% | 15.2% | 13.6% | 4.3% | 10.5% |
| APGRX Grade | F | F | C | B | B | A |
| +/- Category | -2.4% | -3.7% | 0.2% | 1.9% | 1.5% | 2.1% |
| Global Small/Mid Stock Avg | 1.9% | 1.1% | 15.0% | 11.7% | 2.8% | 8.4% |
| APGRX Tax Cost Ratio | na | na | 0.0% | 0.1% | 0.6% | 1.2% |
APGRX Annual NAV Total ReturnsData as of 8/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| APGRX Return (NAV) | 13.9% | 11.9% | 8.5% | 20.5% | -26.0% | 16.9% | 30.0% | 31.7% | -13.6% | 27.5% | 6.6% |
| APGRX Grade | B | C | B | A | C | C | C | B | C | B | C |
| +/- Category | 0.9% | -2.2% | 5.6% | 4.1% | -3.6% | 0.8% | 2.5% | 4.2% | 0.4% | 1.5% | -1.3% |
| Global Small/Mid Stock Avg | 13.0% | 14.2% | 2.9% | 16.5% | -22.3% | 16.1% | 27.5% | 27.6% | -14.0% | 26.0% | 7.9% |
| Risk Measures | |
| Standard Deviation: | 19.0% |
| Total Risk Index: | 1.57 - High |
| Category Risk Index: | 1.14 - High |
| Category Risk Grade: | F (92% Rank) |
| Beta: | 1.33 |
| R-Squared: | 75% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Growth |
| Bond Investment Style: | na |
| Yield: | 0.0% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $121 Mil |
| Fund Total Assets: | $ 69 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 38% |
Management Team
| Number of Managers: 3 | |||
| Longest Tenure: 41.2 years | |||
| Average Tenure: 25.8 years | |||
| Managers (Year): Basten David (1985), Basten David (2005), East Brentz (2011) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 200 |
| % in Top 10 Holdings: | 16.5% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 16.1% |
Portfolio Allocation |
|
| Domestic Stock: | 82.7% |
| Foreign Stock: | 16.1% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.2% |
Purchase Information
| Fund Family: | Yorktown Funds |
| Phone Number: | 800-544-6060 |
| Website: | www.apifunds.com |
| Status: | Open |
| Inception Date: | May 31, 2013 |
| Min. Initial Purchase: | $1,000,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.00% |
Expenses and Fees | |
| Expense Ratio (%): | 1.26% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.26% |
| Share Class: | Yorktown Growth L |
| Min. Subsequent Purchase: | $100,000 |
| Min. Subsequent IRA Purchase: | $ 0 |
