The experienced longest-tenured portfolio management at Yorktown Funds is a core advantage over global asset management peers. With 23 years of average tenure across the management group, it is clear they've been put through their paces. The firm has seen high portfolio management turnover over the past five years, which detracts from the firm’s rating. A stable team tends to support positive results. Fees on open-end and exchange-traded funds are a weakness of the firm, contributing negatively to the rating. On average, expenses on its funds are within the second most-expensive quintile compared with category peers. With the current market environment of fee compression, this is cause for concern, as investors may flock over time to alternate asset managers to get a better deal.
Category
A category is a way to group investments based on similar risk, return, and behavior profiles.