Poplar Forest Capital To Sub-Advise Yorktown Mid Cap Fund

LYNCHBURG, Va., March 21, 2017 /PRNewswire/ -- Yorktown Funds, a boutique asset management fund family and subsidiary of API Funds, has announced that Dale Harvey, founder and CIO of Poplar Forest Capital, will serve as Portfolio Manager to the Yorktown Mid Cap Fund (YWBIX), which will be sub-advised by Poplar Forest.

"Dale Harvey brings decades of investment experience and what we believe to be a distinct perspective to his new partnership with Yorktown Funds," commented Dave D. Basten, President and Chief Investment Officer of Yorktown Funds. "Dale's contrarian value approach and focus on smaller portfolios will help position the Yorktown Mid Cap Fund as an appropriate counterpoint to our other, more broadly diversified funds, providing advisors and their clients a broad pallete of investment choices."

Under Harvey's guidance the Yorktown Mid Cap Fund will be managed in a contrarian value style according to the contrarian philosophy that guides Harvey's approach at Poplar Forest Capital. The Yorktown Mid Cap Fund will be managed by Dale with a tight focus on mid-cap securities.

"We are delighted to join forces with Dave and the entire Yorktown team. We see the world of investing very much the same way and we share the same values," said Mr. Harvey. "We share Yorktown's philosophy of managing funds with discipline and a long-term point of view, as well as their commitment to always putting first the goals of our investors and the advisors who serve them."

"API remains committed to working with financial advisors to help them create portfolios that strive to meet a wide range of investor needs, goals and preferences," explained Mr. Basten. "Advisors continue to express the need for highly focused funds that align with specific segments of the multiple- manager portfolios they create for their clients. API is committed to enhancing our Yorktown Funds in response to this need."

About API
API Funds is a boutique mutual fund family with headquarters in Lynchburg, Virginia. Founded in 1985 by David D. Basten and Aubrey Mason, the firm is proudly building on a financial services heritage that has endured for over four generations. Each of the five API Funds invests in a diversified portfolio of small, mid and large capitalization securities in the United States and abroad. The Yorktown funds provide financial professionals with access to style-specific investment strategies and diversification across investment managers.

About Poplar Forest Capital LLC
Founded in 2007, Poplar Forest Capital LLC is an investment management firm specializing in large- and mid-cap value equities. As of December 31, 2016, the Firm managed over $ 1.6 billion in assets across its large- and mid-cap strategies.

You should carefully consider the investment objectives, potential risks, management fees, and charges and expenses of the Fund before investing. The Fund's prospectus contains this and other information about the Fund, and should be read carefully before investing. You may obtain a current copy of the fund's prospectus by calling 1-800-544-6060.

Investing involves risk, including loss of principal.  Diversification does not ensure a profit or guarantee against loss.

Small- and Mid-Cap investing involve greater risk not associated with investing in more established companies, such as greater price volatility, business risk, less liquidity and increased competitive threat.

Alpha measures the difference between a fund's actual returns and its expected performance, given its level of risk.

Distributed by Unified Financial Securities, LLC, (Member FINRA, finra.org)

Contact: Eric Alexander, [email protected], 917-579-8055

SOURCE API Funds

Related Links

http://www.apifunds.com