Penn Capital Short Duration High Income Fund (PSHNX)
The fund seeks to achieve its investment objective by investing, under normal circumstances, primarily in fixed income securities and senior floating rate loans that are rated below investment grade. Fixed income securities in which the fund invests include debt securities such as bonds, notes and debentures. The Advisor expects to invest primarily in high yield fixed income securities and senior floating rate loans that are generally rated at the time of purchase BB+ or lower by S&P or Ba1 or lower by Moody's or, if unrated, determined by the Advisor to be of comparable credit quality.
Fund Info
US7072698829
707269882
Jul 17, 2017
$10,000
Expense Ratio
PSHNX has a high expense ratio of 1.01%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Penn Capital Short Duration High Income Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Penn Capital Short Duration High Income Fund had a return of 1.33% year-to-date (YTD) and 8.13% in the last 12 months.
PSHNX
1.33%
0.49%
3.23%
8.13%
3.69%
N/A
^GSPC (Benchmark)
4.46%
2.46%
9.31%
23.49%
13.03%
11.31%
Monthly Returns
The table below presents the monthly returns of PSHNX, 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 | 1.23% | 1.33% | |||||||||||
| 2024 | 0.55% | 0.17% | 0.92% | -0.11% | 0.80% | 0.79% | 1.25% | 0.93% | 0.87% | -0.01% | 1.01% | -0.20% | 7.18% |
| 2023 | 1.77% | -0.14% | 0.74% | 0.68% | -0.29% | 1.05% | 0.83% | 0.27% | -0.34% | -0.16% | 2.45% | 1.59% | 8.72% |
| 2022 | -1.27% | -0.42% | -0.22% | -1.14% | 0.05% | -3.14% | 3.08% | -0.55% | -1.15% | 1.57% | 0.80% | 0.24% | -2.25% |
| 2021 | 0.16% | 0.27% | 0.56% | 0.49% | 0.36% | 0.49% | 0.15% | 0.26% | 0.02% | 0.23% | -0.61% | 1.01% | 3.44% |
| 2020 | 0.08% | -1.12% | -7.79% | 2.09% | 1.75% | 0.47% | 2.28% | 0.77% | -0.27% | 0.13% | 1.90% | 1.01% | 0.89% |
| 2019 | 2.03% | 0.89% | 0.42% | 0.52% | -0.28% | 1.10% | 0.35% | 0.60% | 0.29% | 0.14% | 0.49% | 0.65% | 7.42% |
| 2018 | 0.30% | -0.27% | -0.03% | 0.55% | 0.07% | 0.06% | 0.68% | 0.43% | 0.43% | -0.36% | -0.22% | -0.99% | 0.62% |
| 2017 | -0.10% | -0.11% | 0.29% | 0.25% | -0.20% | 0.22% | 0.36% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 97, PSHNX 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 Capital Short Duration High Income Fund (PSHNX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Penn Capital Short Duration High Income Fund provided a 6.31% dividend yield over the last twelve months, with an annual payout of $0.61 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.61 | $0.61 | $0.47 | $0.32 | $0.31 | $0.38 | $0.37 | $0.30 | $0.15 |
Dividend yield | 6.31% | 6.42% | 4.95% | 3.48% | 3.18% | 3.96% | 3.67% | 3.14% | 1.47% |
Monthly Dividends
The table displays the monthly dividend distributions for Penn Capital Short Duration High 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 | $0.05 | $0.00 | $0.05 | ||||||||||
| 2024 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.05 | $0.04 | $0.06 | $0.05 | $0.06 | $0.61 |
| 2023 | $0.03 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.47 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.32 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.31 |
| 2020 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.38 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.37 |
| 2018 | $0.00 | $0.00 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.06 | $0.03 | $0.03 | $0.30 |
| 2017 | $0.01 | $0.02 | $0.03 | $0.02 | $0.07 | $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.
Worst Drawdowns
The table below displays the maximum drawdowns of the Penn Capital Short Duration High 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 Capital Short Duration High Income Fund was 14.53%, occurring on Mar 23, 2020. Recovery took 194 trading sessions.
The current Penn Capital Short Duration High Income Fund drawdown is 0.10%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.53% | Feb 24, 2020 | 21 | Mar 23, 2020 | 194 | Dec 28, 2020 | 215 |
| -6.01% | Jan 4, 2022 | 123 | Jun 30, 2022 | 149 | Feb 2, 2023 | 272 |
| -1.92% | Oct 4, 2018 | 56 | Dec 24, 2018 | 17 | Jan 18, 2019 | 73 |
| -1.21% | Feb 3, 2023 | 28 | Mar 15, 2023 | 12 | Mar 31, 2023 | 40 |
| -1.1% | Oct 24, 2017 | 17 | Nov 15, 2017 | 33 | Jan 4, 2018 | 50 |
Volatility
Volatility Chart
The current Penn Capital Short Duration High Income Fund volatility is 0.40%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.