Penn Mutual AM Strategic Income Fund (PMUBX)
The investment seeks attractive risk-adjusted total return through a combination of income and capital appreciation. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in bonds. For purposes of the fund's 80% investment policy, bonds include fixed-income securities, derivatives and other instruments with economic characteristics similar to fixed-income securities. It may invest in securities of any credit quality, including those that are rated below investment grade ("high-yield" or "junk" bonds).
Fund Info
US00774Q7007
Jul 1, 2018
$25,000
Expense Ratio
PMUBX has an expense ratio of 0.77%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Penn Mutual AM Strategic Income Fund (PMUBX) returned 1.69% year-to-date (YTD) and 5.97% over the past 12 months.
PMUBX
1.69%
0.00%
1.88%
5.97%
5.79%
4.38%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of PMUBX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.58% | 0.90% | 0.13% | 0.18% | -0.11% | 1.69% | |||||||
| 2024 | 0.84% | -0.09% | 0.79% | -0.09% | 1.03% | 0.58% | 1.43% | 0.85% | 1.03% | -0.64% | 0.66% | -0.03% | 6.54% |
| 2023 | 2.61% | -0.53% | 0.84% | 0.79% | -0.28% | 0.39% | 1.03% | 0.44% | 0.16% | 0.20% | 1.96% | 1.77% | 9.75% |
| 2022 | -1.17% | -0.54% | -0.56% | -1.38% | 0.12% | -1.55% | 1.77% | -0.84% | -1.50% | 0.23% | 1.61% | 0.02% | -3.79% |
| 2021 | 0.57% | 0.08% | 0.49% | 0.10% | 0.38% | 0.42% | 0.09% | 0.04% | 0.21% | -0.05% | -0.46% | 0.47% | 2.36% |
| 2020 | 0.59% | -0.12% | -5.09% | 2.19% | 1.75% | 1.50% | 1.07% | 0.90% | 0.11% | 0.18% | 1.26% | 0.65% | 4.90% |
| 2019 | 1.27% | 0.48% | 0.30% | 0.49% | 0.13% | 1.03% | 0.19% | 0.42% | 0.16% | 0.40% | 0.37% | 0.30% | 5.66% |
| 2018 | 0.13% | 0.30% | 0.03% | -0.08% | 0.02% | -0.49% | -0.09% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, PMUBX is among the top 3% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Penn Mutual AM Strategic Income Fund (PMUBX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Penn Mutual AM Strategic Income Fund provided a 4.74% dividend yield over the last twelve months, with an annual payout of $0.45 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.45 | $0.49 | $0.43 | $0.56 | $0.69 | $0.34 | $0.26 | $0.15 |
Dividend yield | 4.74% | 5.15% | 4.56% | 6.27% | 7.03% | 3.26% | 2.58% | 1.53% |
Monthly Dividends
The table displays the monthly dividend distributions for Penn Mutual AM Strategic Income 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.03 | $0.04 | $0.03 | $0.04 | $0.00 | $0.14 | |||||||
| 2024 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.05 | $0.49 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.43 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.04 | $0.28 | $0.56 |
| 2021 | $0.02 | $0.01 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.01 | $0.02 | $0.47 | $0.69 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.11 | $0.34 |
| 2019 | $0.02 | $0.01 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.04 | $0.26 |
| 2018 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.15 |
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 Penn Mutual AM Strategic Income 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 Penn Mutual AM Strategic Income Fund was 8.44%, occurring on Mar 24, 2020. Recovery took 76 trading sessions.
The current Penn Mutual AM Strategic Income Fund drawdown is 0.21%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -8.44% | Mar 6, 2020 | 13 | Mar 24, 2020 | 76 | Jul 13, 2020 | 89 |
| -6.43% | Nov 10, 2021 | 238 | Oct 20, 2022 | 181 | Jul 13, 2023 | 419 |
| -1.16% | Apr 4, 2025 | 6 | Apr 11, 2025 | 12 | Apr 30, 2025 | 18 |
| -0.89% | Oct 9, 2018 | 54 | Dec 26, 2018 | 11 | Jan 11, 2019 | 65 |
| -0.87% | Sep 25, 2024 | 28 | Nov 1, 2024 | 24 | Dec 6, 2024 | 52 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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