v3.25.2
Fees and Expenses
Jul. 31, 2025
USD ($)
Yorktown Class A Class L And Institutional Class [Member] | Yorktown Growth Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in Yorktown Funds. More information about these and other discounts is available from your financial professional and in the “How to Reduce Your Sales Charge” Section on page 53 of the Fund’s prospectus. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Shareholder Fees [Table]
      Institutional
  Class A Class L Class
  AFGGX APITX APGRX
       
Maximum sales charge (load) imposed on purchases
(as percentage of offering price)		 5.75% None None
Maximum deferred sales charges (load)
(as a percentage of the lesser of original purchase price or redemption proceeds)		 0.50%(1) None None
Maximum Account fee (for accounts under $500) $25/yr $25/yr $25/yr
Annual Fund Operating Expenses [Table]
      Institutional
  Class A Class L Class
  AFGGX APITX APGRX
Management Fee 0.90% 0.90% 0.90%
Distribution/Service (12b-1 Fees) 0.00% 1.00% 0.00%
Other Expenses(2)  0.41% 0.41% 0.41%
Total Annual Fund Operating Expenses
(before fee waivers and/or expense reimbursements)		 1.31% 2.31% 1.31%
Fee Waivers and/or Expense Reimbursements(3)  (0.05)% (0.05)% (0.05)%
Total Annual Fund Operating Expenses(3)  1.26% 2.26% 1.26%

 

(1) Large purchases of Class A shares (greater than $1 million) are generally subject to a CDSC of 0.25% if the shares are redeemed during the first 12 months after purchase, unless the dealer, at its discretion, has waived the commission advance paid by Ultimus Fund Distributors, LLC (the “Distributor”).

 

 

 

(2) “Other Expenses” include 0.01% of interest expense.
   
(3) In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2025, so that the Fund’s ratio of total annual operating expenses is limited to 1.25% for Class A Shares, 2.25% for Class L Shares, and 1.25% for Institutional Class Shares until at least May 31, 2026. Pursuant to the expense limitation agreement, the Adviser has agreed to waive or limit its fees and assume other expenses of the Fund (excluding acquired fund fees and expenses, brokerage fees, taxes, borrowing costs such as interest and dividend expenses on securities sold short, and other extraordinary expenses not incurred in the ordinary course of business) so that the Fund’s ratio of total annual operating expenses is limited to the limits listed above. The Adviser is entitled to the reimbursement of fees waived or reimbursed by the Adviser to the Fund subject to the limitations that the reimbursement is made only for fees and expenses incurred not more than three years prior to the date of reimbursement, and the reimbursement may not be made if it would cause the Fund’s annual expense limitations to be exceeded. The reimbursement amount may not include any additional charges or fees, such as interest accruable on the reimbursement account. Further, any recoupments will be subject to any lower expenses limitations that have been later implemented by the Board. The expense limitation agreement may be terminated only by the Board of Trustees of the Trust (the “Board”) by providing 60 days’ notice, or if the Adviser ceases to serve as adviser to the Fund.

 
Expense Example [Heading] Example:
Expense Example Narrative [Text Block]

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same (taking into account the expense limitation agreement for the one-year period). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 
Expense Example, With Redemption [Table]
  1 Year 3 Years 5 Years 10 Years
Class A (AFGGX) Shares: $696 $962 $1,247 $2,059
         
  1 Year 3 Years 5 Years 10 Years
Class L (APITX) Shares: $229 $717 $1,231 $2,642
         
  1 Year 3 Years 5 Years 10 Years
Institutional Class (APGRX) Shares: $128 $410 $713 $1,575

 

 
Portfolio Turnover [Heading] Portfolio Turnover
Portfolio Turnover [Text Block]

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 52% of the average value of its portfolio.
Portfolio Turnover, Rate 52.00%
Yorktown Class A Class L And Institutional Class [Member] | Yorktown Short Term Bond Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Yorktown Funds. More information about these and other discounts is available from your financial professional and in the “How to Reduce Your Sales Charge” Section on page 53 of the Fund’s prospectus. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Expense Breakpoint Discounts [Text] You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $100,000 in Yorktown Funds
Expense Breakpoint, Minimum Investment Required [Amount] $ 100,000
Shareholder Fees [Table]
      Institutional
  Class A Class L Class
  APIMX AFMMX APIBX
Maximum sales charge (load) imposed on purchases
(as percentage of offering price)		 2.25% None None
Maximum deferred sales charge (load)
(as a percentage of the lesser of original purchase price or redemption proceeds)		 0.50%(1) None None
Maximum Account fee (for accounts under $500) $25/yr $25/yr $25/yr
Annual Fund Operating Expenses [Table]
      Institutional
  Class A Class L Class
  APIMX AFMMX APIBX
Management Fee 0.70% 0.70% 0.70%
Distribution/Service (12b-1 Fees) 0.00% 0.65% 0.00%
Other Expenses(2)  0.29% 0.29% 0.29%
Total Annual Fund Operating Expenses
(before fee waivers and/or expense reimbursements)		 0.99% 1.64% 0.99%
Fee Waivers and/or Expense Reimbursements(3)  (0.19)% (0.19)% (0.19)%
Total Annual Fund Operating Expenses(3)  0.80% 1.45% 0.80%

 

(1) Large purchases of Class A shares (greater than $250,000) are generally subject to a CDSC of 0.25% if the shares are redeemed during the first 12 months after purchase, unless the dealer, at its discretion, has waived the commission advance paid by Ultimus Fund Distributors, LLC (the “Distributor”).

 

(2) “Other Expenses” include 0.01% of interest expense.

 

 

(3) In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2025, so that the Fund’s ratio of total annual operating expenses is limited to 0.79% for Class A Shares, 1.44% for Class L Shares, and 0.79% for Institutional Class Shares until at least May 31, 2026. Pursuant to each of these expense limitation agreements, the Adviser has agreed to waive or limit its fees and assume other expenses of the Fund (excluding interest, taxes, brokerage commissions and other expenditures capitalized in accordance with generally accepted accounting principles or other extraordinary expenses not incurred in the ordinary course of business) so that the Fund’s ratio of total annual operating expenses is limited to the limits listed above. The Adviser is entitled to the reimbursement of fees waived or reimbursed by the Adviser to the Fund subject to the limitations that the reimbursement is made only for fees and expenses incurred not more than three years prior to the date of reimbursement, and the reimbursement may not be made if it would cause the Fund’s annual expense limitations to be exceeded. The reimbursement amount may not include any additional charges or fees, such as interest accruable on the reimbursement account. Further, any recoupments will be subject to any lower expenses limitations that have been later implemented by the Board. The expense limitation agreement may be terminated only by the Board of Trustees of the Trust (the “Board”) by providing 60 days’ notice, or if the Adviser ceases to serve as adviser to the Fund.

 
Expense Example [Heading] Example:
Expense Example Narrative [Text Block]

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same (taking into account the expense limitation agreement for the one-year period). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 
Expense Example, With Redemption [Table]
  1 Year 3 Years 5 Years 10 Years
Class A (APIMX) Shares: $305 $515 $742 $1,394
         
  1 Year 3 Years 5 Years 10 Years
Class L (AFMMX) Shares: $148 $499 $874 $1,928
         
  1 Year 3 Years 5 Years 10 Years
Institutional Class (APIBX) Shares: $82 $296 $529 $1,196

 
Portfolio Turnover [Heading] Portfolio Turnover
Portfolio Turnover [Text Block]

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 35% of the average value of its portfolio.
Portfolio Turnover, Rate 35.00%
Yorktown Class A Class L And Institutional Class [Member] | Yorktown Multi-Sector Bond Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in Yorktown Funds. More information about these and other discounts is available from your financial professional and in the “How to Reduce Your Sales Charge” Section on page 53 of the Fund’s prospectus. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Expense Breakpoint Discounts [Text] You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in Yorktown Funds.
Expense Breakpoint, Minimum Investment Required [Amount] $ 25,000
Shareholder Fees [Table]
      Institutional
  Class A Class L Class
  APIUX AFFIX APIIX
       
Maximum sales charge (load) imposed on purchases
(as percentage of offering price)		 5.75% None None
Maximum deferred sales charge (load)
(as a percentage of the lesser of original purchase price or redemption proceeds)		 0.50%(1) None None
Maximum Account fee (for accounts under $500) $25/yr $25/yr $25/yr
Annual Fund Operating Expenses [Table]
      Institutional
  Class A Class L Class
  APIUX AFFIX APIIX
Management Fee 0.40% 0.40% 0.40%
Distribution/Service (12b-1 Fees) 0.50% 1.00% 0.00%
Other Expenses(2)  0.29% 0.29% 0.29%
Total Annual Fund Operating Expenses 1.19% 1.69% 0.69%

 

(1) Large purchases of Class A shares (greater than $1 million) are generally subject to a CDSC of 0.25% if the shares are redeemed during the first 12 months after purchase, unless the dealer, at its discretion, has waived the commission advance paid by Ultimus Fund Distributors, LLC (the “Distributor”).

 

(2) “Other Expenses” include 0.01% of interest expense.
Expense Example [Heading] Example:
Expense Example Narrative [Text Block]

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 
Expense Example, With Redemption [Table]
  1 Year 3 Years 5 Years 10 Years
Class A (APIUX) Shares: $689 $931 $1,192 $1,935
         
  1 Year 3 Years 5 Years 10 Years
Class L (AFFIX) Shares: $172 $533 $918 $1,998
         
  1 Year 3 Years 5 Years 10 Years
Institutional Class (APIIX) Shares: $70 $221 $384 $859

 
Portfolio Turnover [Heading] Portfolio Turnover
Portfolio Turnover [Text Block]

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 34% of the average value of its portfolio.
Portfolio Turnover, Rate 34.00%
Yorktown Class A Class L And Institutional Class [Member] | Yorktown Treasury Advanced Total Return Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in the Yorktown Treasury Advanced Total Return Fund. More information about these and other discounts is available from your financial professional. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Expense Breakpoint Discounts [Text] You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in the Yorktown Treasury Advanced Total Return Fund.
Expense Breakpoint, Minimum Investment Required [Amount] $ 25,000
Shareholder Fees [Table]
  Institutional
  Class
  AATRX
Maximum sales charge (load) imposed on purchases
(as percentage of offering price)		 None
Maximum deferred sales charges (load)
(as a percentage of the lesser of original purchase price or redemption proceeds)		 None
Maximum Account fee (for accounts under $500) $25/yr
Annual Fund Operating Expenses [Table]
  Institutional
  Class
  AATRX
Management Fee 0.40%
Distribution/Service (12b-1 Fees) 0.00%
Other Expenses(1)  0.68%
Total Annual Fund Operating Expenses
(before fee waivers and/or expense reimbursements)		 1.08%
Fee Waivers and/or Expense Reimbursements(2)  (0.58)%
Total Annual Fund Operating Expenses(2)  0.50%

 

(1) “Other Expenses” are based on estimated amounts for the current fiscal year.
   

 

(2) In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2025, so that the Fund’s ratio of total annual operating expenses is limited to 0.50% for Institutional Class Shares until at least May 31, 2026. Pursuant to the expense limitation agreement, the Adviser has agreed to waive or limit its fees and assume other expenses of the Fund (excluding acquired fund fees and expenses, brokerage fees, taxes, borrowing costs such as interest and dividend expenses on securities sold short, and other extraordinary expenses not incurred in the ordinary course of business) so that the Fund’s ratio of total annual operating expenses is limited to the limit listed above. The Adviser is entitled to the reimbursement of fees waived or reimbursed by the Adviser to the Fund subject to the limitations that the reimbursement is made only for fees and expenses incurred not more than three years prior to the date of reimbursement, and the reimbursement may not be made if it would cause the Fund’s annual expense limitations to be exceeded. The reimbursement amount may not include any additional charges or fees, such as interest accruable on the reimbursement account. Further, any recoupments will be subject to any lower expenses limitations that have been later implemented by the Board. The expense limitation agreement may be terminated only by the Board of Trustees of the Trust (the “Board”) by providing 60 days’ notice, or if the Adviser ceases to serve as adviser to the Fund.

 

 

 
Expense Example [Heading] Example:
Expense Example Narrative [Text Block]

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same (taking into account the expense limitation agreement for the one-year period). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 
Expense Example, With Redemption [Table]
  1 Year 3 Years
Institutional Class (AATRX) Shares: $51 $286

 
Portfolio Turnover [Heading] Portfolio Turnover
Portfolio Turnover [Text Block]

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the expense example, reduce the Fund’s performance. This is a new Fund without an operating history, so portfolio turnover information is not yet available. Expected annual turnover may be well over 100% of the average value of the portfolio on an annual basis. Transaction frequency varies but once every two to eight months is a reasonable estimate.
Yorktown Small Cap Fund Class A Class L And Institutional Class [Member] | Yorktown Small Cap Fund  
Prospectus [Line Items]  
Expense Heading [Optional Text] Fees and Expenses
Expense Narrative [Text Block]

This table describes the fees and expenses that you may pay if you buy, hold, and sell shares of the Fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in one or more Yorktown Funds. More information about these and other discounts is available from your financial professional and in the “How to Reduce Your Sales Charge” Section on page 53 of the Fund’s prospectus. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.
Expense Breakpoint Discounts [Text] You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $25,000 in one or more Yorktown Funds.
Expense Breakpoint, Minimum Investment Required [Amount] $ 25,000
Shareholder Fees [Table]
      Institutional
  Class A Class L Class
  YOVAX YOVLX YOVIX
Maximum sales charge (load) imposed on purchases
(as percentage of offering price)		 5.75% None None
Maximum deferred sales charges (load)
(as a percentage of the lesser of original purchase price or redemption proceeds)		 0.50%(1) None None
Maximum Account fee (for accounts under $500) $25/yr $25/yr $25/yr
Annual Fund Operating Expenses [Table]
      Institutional
  Class A Class L Class
  YOVAX YOVLX YOVIX
Management Fee 0.90% 0.90% 0.90%
Distribution/Service (12b-1 Fees) 0.25% 1.00% 0.00%
Other Expenses(2)  0.93% 0.93% 0.93%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses
(before fee waivers and/or expense reimbursements)		 2.09% 2.84% 1.84%
Fee Waivers and/or Expense Reimbursements(3)  (0.46)% (0.46)% (0.46)%
Total Annual Fund Operating Expenses(3),(4)  1.63% 2.38% 1.38%

 

(1) Large purchases of Class A shares (greater than $1 million) are generally subject to a CDSC of 0.25% if the shares are redeemed during the first 12 months after purchase, unless the dealer, at its discretion, has waived the commission advance paid by Ultimus Fund Distributors, LLC (the “Distributor”).

 

   
(2) “Other Expenses” include 0.02% of interest expense.

24

 

 

   
(3) In the interest of limiting expenses of the Fund, the Adviser has entered into a contractual expense limitation agreement with the Trust, effective May 31, 2025, so that the Fund’s ratio of total annual operating expenses is limited to 1.60% for Class A Shares, 2.35% for Class L Shares, and 1.35% for Institutional Class Shares until at least May 31, 2026. Pursuant to the expense limitation agreement, the Adviser has agreed to waive or limit its fees and assume other expenses of the Fund (excluding interest, taxes, brokerage commissions and other expenditures capitalized in accordance with generally accepted accounting principles or other extraordinary expenses not incurred in the ordinary course of business) so that the Fund’s ratio of total annual operating expenses is limited to the limits listed above. The Adviser is entitled to the reimbursement of fees waived or reimbursed by the Adviser to the Fund subject to the limitations that the reimbursement is made only for fees and expenses incurred not more than three years prior to the date of reimbursement, and the reimbursement may not be made if it would cause the Fund’s annual expense limitations to be exceeded. The reimbursement amount may not include any additional charges or fees, such as interest accruable on the reimbursement account. Further, any recoupments will be subject to any lower expenses limitations that have been later implemented by the Board. The expense limitation agreement may be terminated only by the Board by providing 60 days’ notice, or if the Adviser ceases to serve as adviser to the Fund.
   
(4) Total Annual Fund Operating Expenses do not correlate to the ratio of average net assets in the Financial Highlights Table, which reflects the operating expenses of the Fund and does not include Acquired Fund Fees and Expenses.
Expense Example [Heading] Example:
Expense Example Narrative [Text Block]

The following example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same (taking into account the expense limitation agreement for the one-year period). Although your actual costs may be higher or lower, based on these assumptions your costs would be:

 
Expense Example by, Year, Caption [Text] The Example assumes that you invest $10,000 in the Fund for the time periods indicated and then redeem all of your shares at the end of those periods. The Example also assumes that your investment has a 5% return each year and the Fund’s operating expenses remain the same (taking into account the expense limitation agreement for the one-year period). Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example, With Redemption [Table]
  1 Year 3 Years 5 Years 10 Years
Class A (YOVAX) Shares: $731 $1,150 $1,594 $2,822
         
  1 Year 3 Years 5 Years 10 Years
Class L (YOVLX) Shares: $241 $837 $1,458 $3,133
         
  1 Year 3 Years 5 Years 10 Years
Institutional Class (YOVIX) Shares: $140 $534 $953 $2,121
Portfolio Turnover [Heading] Portfolio Turnover
Portfolio Turnover [Text Block]

The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 104% of the average value of its portfolio.
Portfolio Turnover, Rate 104.00%