American Pension Investors Trust
2303 Yorktown Avenue
Lynchburg, Virginia 24501
FILED VIA EDGAR
May 14, 2018
U.S. Securities and Exchange Commission
100 F Street, N.E.
Washington, D.C. 20549
File Nos. 811-04262 and 002-96538
Ladies and Gentlemen:
Pursuant to Rule 497(e) under the Securities Act of 1933, as amended, the Trust hereby submits the attached exhibit containing interactive data format Risk/Return
Summary information using the eXtensible Business Reporting Language (“XBRL”). The interactive data file included as an exhibit to this filing relates to the Prospectus of the Yorktown Small Cap Fund (the “Fund”), a series of the Trust, as filed with the Commission pursuant to Rule 497(e) under the Securities Act on April 23, 2018 (SEC Accession No. 0001398344-18-005855). The Prospectus is incorporated by reference into this Rule 497 filing.
Please contact me at 513.869.4262 with any questions. Thank you.
Sincerely,
/s/ Maggie Bull
Maggie Bull
Assistant Secretary
Label | Element | Value |
---|---|---|
Document And Entity Information Elements | yorktown_DocumentAndEntityInformationElementsAbstract | |
Document Type | dei_DocumentType | 497 |
Document Period End Date | dei_DocumentPeriodEndDate | Jan. 31, 2017 |
Registrant Name | dei_EntityRegistrantName | AMERICAN PENSION INVESTORS TRUST |
Central Index Key | dei_EntityCentralIndexKey | 0000764859 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Apr. 23, 2018 |
Document Effective Date | dei_DocumentEffectiveDate | Apr. 23, 2018 |
Prospectus Date | rr_ProspectusDate | May 31, 2017 |
Apr. 23, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
YORKTOWN MID-CAP FUND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SUPPLEMENT dated April 23, 2018 to the PROSPECTUS dated May 31, 2017, as amended June 21, 2017, and as supplemented October 17, 2017, October 24, 2017 and December 22, 2017
The Yorktown Funds (Class A, Class L and Institutional Class Shares)
The following information replaces in its entirety the section appearing under the heading “Section 1 – Fund Summaries – Yorktown Mid-Cap Fund - Fees and Expenses” on pages 50-51 of the Prospectus:
“Fees and Expenses
This table describes the fees and expenses that you may pay if you buy and hold 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 Charges” Section on page 74 of the Fund’s prospectus.
Shareholder Fees (fees paid directly from your investment)
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.)
Example:
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:
The Example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges (loads) were included, your costs would be higher.” |
Label | Element | Value | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Risk Return Abstract | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Type | dei_DocumentType | 497 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Period End Date | dei_DocumentPeriodEndDate | Jan. 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Registrant Name | dei_EntityRegistrantName | AMERICAN PENSION INVESTORS TRUST | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Central Index Key | dei_EntityCentralIndexKey | 0000764859 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amendment Flag | dei_AmendmentFlag | false | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Creation Date | dei_DocumentCreationDate | Apr. 23, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Document Effective Date | dei_DocumentEffectiveDate | Apr. 23, 2018 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prospectus Date | rr_ProspectusDate | May 31, 2017 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
YORKTOWN MID-CAP FUND | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk Return Abstract | rr_RiskReturnAbstract | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Prospectus Supplement Text Block | yorktown_ProspectusSupplementTextBlock |
SUPPLEMENT dated April 23, 2018 to the PROSPECTUS dated May 31, 2017, as amended June 21, 2017, and as supplemented October 17, 2017, October 24, 2017 and December 22, 2017
The Yorktown Funds (Class A, Class L and Institutional Class Shares)
The following information replaces in its entirety the section appearing under the heading “Section 1 – Fund Summaries – Yorktown Mid-Cap Fund - Fees and Expenses” on pages 50-51 of the Prospectus:
“Fees and Expenses
This table describes the fees and expenses that you may pay if you buy and hold 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 Charges” Section on page 74 of the Fund’s prospectus.
Shareholder Fees (fees paid directly from your investment)
Annual Fund Operating Expenses (Expenses that you pay each year as a percentage of the value of your investment.)
Example:
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:
The Example does not reflect sales charges (loads) on reinvested dividends and other distributions. If these sales charges (loads) were included, your costs would be higher.” |
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