- ISIN
- US66538G4376
- CUSIP
- 66538G437
- Issuer
- Pinnacle
- Inception Date
- Sep 30, 2015
- Category
- Tactical Allocation
- Min. Investment
- $1,000,000
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
Share Price Chart
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Performance
IPSHX Performance Chart
Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) is up 14.9% since the beginning of the year. IPSHX is currently trading at $16 per share. Investors who bought $1,000 worth of IPSHX shares 5 years ago would now be looking at an investment worth $1,329.
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Returns By Period
Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) has returned 14.91% so far this year and 33.78% over the past 12 months. Over the last ten years, IPSHX has returned 7.76% per year, falling short of the S&P 500 Index benchmark, which averaged 13.75% annually.
Pinnacle Sherman Multi-Strategy Core Fund
- 1D
- 0.44%
- 1M
- 4.81%
- YTD
- 14.91%
- 6M
- 14.54%
- 1Y
- 33.78%
- 3Y*
- 14.76%
- 5Y*
- 5.86%
- 10Y*
- 7.76%
Benchmark (S&P 500 Index)
- 1D
- 0.13%
- 1M
- 5.25%
- YTD
- 11.16%
- 6M
- 11.43%
- 1Y
- 28.20%
- 3Y*
- 21.12%
- 5Y*
- 12.66%
- 10Y*
- 13.75%
IPSHX Monthly Returns History
Based on dividend-adjusted daily data since Oct 7, 2015, IPSHX's average daily return is +0.03%, while the average monthly return is +0.67%. At this rate, an investment would double in approximately 8.7 years.
Historically, 64% of months were positive and 36% were negative. The best month was Nov 2020 with a return of +9.7%, while the worst month was Dec 2024 at -11.1%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 3 months.
On a daily basis, IPSHX closed higher 52% of trading days. The best single day was Dec 26, 2018 with a return of +4.8%, while the worst single day was Apr 4, 2025 at -6.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 6.21% | 2.96% | -5.15% | 5.16% | 4.91% | 0.44% | 14.91% | ||||||
| 2025 | 4.52% | -4.40% | -7.82% | -1.83% | 5.00% | 2.98% | 2.90% | 0.99% | 6.78% | 4.16% | -1.15% | -0.73% | 10.90% |
| 2024 | 0.65% | 4.39% | 2.72% | -5.68% | 4.58% | 1.38% | 0.30% | 1.06% | 0.97% | -0.07% | 8.81% | -11.10% | 6.79% |
| 2023 | 4.57% | -2.51% | 0.19% | 0.29% | 2.09% | 6.60% | 3.31% | -1.52% | -4.71% | -3.33% | 8.19% | 5.16% | 18.85% |
| 2022 | -8.59% | -3.25% | 1.27% | -2.15% | 3.66% | -7.33% | 2.57% | -2.70% | -2.20% | 1.66% | 4.51% | -5.42% | -17.42% |
| 2021 | 0.23% | 6.89% | -0.56% | 1.76% | 0.55% | -2.55% | -1.77% | 3.45% | -5.49% | 6.84% | 1.31% | -1.57% | 8.71% |
Benchmark Metrics
Pinnacle Sherman Multi-Strategy Core Fund has an annualized alpha of -1.32%, beta of 0.68, and R2 of 0.69 versus S&P 500 Index. Calculated based on daily prices since October 08, 2015.
- This fund participated in 89.79% of S&P 500 Index downside but only 69.57% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.68 indicates this fund moves significantly less than S&P 500 Index - a genuinely defensive profile with reduced participation in both market rallies and downturns.
- Alpha
- -1.32%
- Beta
- 0.68
- R²
- 0.69
- Upside Capture
- 69.57%
- Downside Capture
- 89.79%
Expense Ratio
IPSHX has a high expense ratio of 1.24%, indicating above-average management fees.
Return for Risk
Risk / Return Rank
IPSHX ranks 74 for risk / return — better than 74% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for Pinnacle Sherman Multi-Strategy Core Fund (IPSHX) and compare them to S&P 500 Index.
| IPSHX | Benchmark | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.51 | 2.39 | +0.12 |
Sortino ratioReturn per unit of downside risk | 3.27 | 3.25 | +0.02 |
Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
Calmar ratioReturn relative to maximum drawdown | 4.83 | 3.11 | +1.72 |
Martin ratioReturn relative to average drawdown | 14.74 | 14.38 | +0.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Dividends
Dividend History
Pinnacle Sherman Multi-Strategy Core Fund provided a 2.89% dividend yield over the last twelve months, with an annual payout of $0.47 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.47 | $0.47 | $0.00 | $0.00 | $0.00 | $2.02 | $0.00 | $0.10 | $0.35 | $0.70 | $0.08 |
Dividend yield | 2.89% | 3.32% | 0.00% | 0.00% | 0.00% | 16.18% | 0.00% | 0.90% | 3.68% | 6.15% | 0.71% |
Monthly Dividends
The table displays the monthly dividend distributions for Pinnacle Sherman Multi-Strategy Core Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | ||||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.47 | $0.47 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.02 | $2.02 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Pinnacle Sherman Multi-Strategy Core Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pinnacle Sherman Multi-Strategy Core Fund was 25.73%, occurring on Apr 4, 2025. Recovery took 143 trading sessions.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2025 selloff2025 | -25.73%Apr 2025 | 4mo | 6mo 28d | 10mo 28dDec 2024 - Oct 2025 |
2023 bear market2023 | -24.37%Mar 2023 | 1y 12mo | 1y 3mo | 3y 3moMar 2021 - Jul 2024 |
Rate-hike selloffLate 2018 | -23.02%Dec 2018 | 10mo 29d | 1y 6mo | 2y 5moJan 2018 - Jul 2020 |
2020 correction2020 | -10.17%Sep 2020 | 20d | 2mo 2d | 2mo 22dSep 2020 - Nov 2020 |
2024 pullback2024 | -9.79%Aug 2024 | 19d | 2mo 7d | 2mo 26dJul 2024 - Oct 2024 |
Drawdown Indicators
| IPSHX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -25.73% | -56.78% | +31.05% |
Max Drawdown (1Y)Largest decline over 1 year | -7.12% | -9.10% | +1.98% |
Max Drawdown (3Y)Largest decline over 3 years | -25.73% | -18.90% | -6.83% |
Max Drawdown (5Y)Largest decline over 5 years | -25.73% | -25.43% | -0.30% |
Max Drawdown (10Y)Largest decline over 10 years | -25.73% | -33.92% | +8.19% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.94% | -10.72% | +2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.33% | 1.97% | +0.36% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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