API Efficient Frontier Income A LW  APIUX.LW
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2009-10-31
Out of
Conservative Allocation Funds
Rating derived from a weighted average of the fund's 3, 5, 10-year rating which are based on risk-adjusted performance.
Morningstar®
Style Box™
What is this?
   Large
   Value
  
  
   Avg Duration
   3.65 Yrs
   Avg Credit Quality
   BB
As of 2009-05-31
Day Change
$ 0.01
  
NAV (2009-11-20)
$ 10.97
  
YTD Return % (2009-11-20)
48.21%
  
Total Assets ($ mil)
35
View Data Definitions
  Performance    
Growth of $10,000 Fund: API Efficient Frontier Income A LW
(from 1999-01-01 to 2009-10-31) Category: Conservative Allocation
Index: Dow Jones Moderate Port
Total Annualized Returns % 1yr, 3yr and 5yr Returns as of 2009-11-20
Inception date: 1997-07-02 10yr and Inception Returns as of 2009-10-31
YTD Returns as of 2009-11-20
YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Fund 48.21 68.96 7.85 5.09 4.59 4.81
+/- Category 31.70 53.04 7.66 2.34 1.39 ---
+/- Dow Jones Moderate Port --- --- --- --- --- ---
Standardized Annual Returns %   more on standardized returns
Quarter-End (as of 2009-09-30) 48.33 44.89 8.06 5.15 4.89 5.14
Month-End (as of 2009-10-31) 43.34 45.66 6.62 4.36 4.59 4.81
After Tax Returns % (as of 2009-09-30 )  
On Distribution --- 41.12 4.80 2.96 3.15 ---
On Distribution & Sale of Shares --- 30.01 4.52 2.87 3.04 ---
Morningstar Rating --- --- ---
# of compared funds covered (3 yrs : out of 506 funds), (5 yrs : out of 343 funds), (10 yrs : out of 143 funds). Ratings are based on risk-adjusted performance. The maximum initial sales fee is none, the maximum deferred sales fee is none, and the maximum redemption sales fee is none.
The performance quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate thus an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted herein.
  Portfolio Profile    
Sector Breakdown %
Information 15.52
Software 1.84
Hardware 5.25
Media 1.89
Telecommunications 6.53
Service 47.05
Healthcare 8.84
Consumer Services 5.23
Business Services 2.58
Financial Services 30.41
Manufacturing 37.44
Consumer Goods 9.94
Industrial Materials 10.44
Energy 13.10
Utilities 3.96
Bond Quality % of Bonds
AAA 7.2
AA 0.8
A 8.4
BBB 16.9
BB 24.8
B 25.9
Below B 12.2
Not Rated 4.0
 
Asset Allocation
% of Net Assets
Cash 6.3
Stocks 29.3
Bonds 49.1
Other 15.2
Foreign Stocks 6.6
(as a % of Assets)
Data through 2009-05-31 Data through 2009-05-31
 
Holding Status
Total Number of Stock Holdings 1 Turnover % 92
Total Number of Bond Holdings 3 30 Day SEC Yield % ---
% of Assets in Top 10 Holdings 23.04 ending as of 2009-09-30
View Data Definitions
Top 10 Holdings Sector P/E YTD
Return %		 % of Net
Assets
MORGAN STANLEY D W DISC SRMTNS --- --- --- 4.07
Annaly Capital Management, Inc. 24.81 25.39 3.98
Nicholas Applegate Conv&Inc II --- --- --- 2.23
Western Asset Emerging Mkts Income --- --- --- 2.04
Morgan Stanley Emrgng Mkts Domestic Debt --- --- --- 1.94
Morgan Stanley Emerging Markets Debt --- --- 1.90
Delaware Enhanced Global Div and Inc --- --- 1.78
Neuberger Income Opportunity --- --- 1.76
Western Asset Global High Income --- --- 1.74
ING Clarion Global Real Estate Income --- --- 1.60
Data through 2009-05-31
YTD Return through 2009-11-20
  Other Information
Fund Inception: 1997-07-02
Portfolio Manager  (Start Date)
David D. Basten  (1997-07-02)
Basten is president and director of the Yorktown Management and Research Company, Inc., vice president of The Travel Center of Virginia, Inc., partner of The Rivermont Company and partner of Downtown Enterprises. He has also served as president and director of Yorktown Distributors, Inc.
David M. Basten  (2005-12-31)
Basten has served as portfolio manager since 2005 and prior to that held various positions at Yorktown Management and Research Company, Inc., including as a securities analyst.
Sales Charge %
(taken from prospectus dated 2009-10-01)
Front: None
Deferred: None
Expense Ratio % 1.70
based on net assets
(taken from annual report dated 2008-05-31)
Correspondence Information
American Pension Investors Trust
P.O. Box 2529 2303 Yorktown Avenue
Lynchburg,  VA  24501
United States
Telephone:
888-933-8274
804-846-1361
Data on this page does not include the fund's short positions (if any).
Show Data Definitions

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Past performance is no guarantee of future results.
Returns will vary and shares may be worth more or less than their original cost when sold.