Shenkman Capital Short Duration High Income Fund (SCFIX)
Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities, bank loans and other instruments issued by companies that are rated below investment grade. It generally invests in high yield instruments rated CCC or better by S&P or Moody's, but retains the discretion to invest in even lower rated instruments. The fixed income securities, bank loans and other instruments in which the fund invests include traditional corporate bonds, U.S. government obligations and bank loans to corporate borrowers, and may have fixed, floating or variable rates.
Fund Info
US00770X7093
00770X709
Oct 31, 2012
$1,000,000
Expense Ratio
SCFIX features an expense ratio of 0.67%, falling within the medium range.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Shenkman 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
Shenkman Capital Short Duration High Income Fund had a return of 1.19% year-to-date (YTD) and 6.99% in the last 12 months. Over the past 10 years, Shenkman Capital Short Duration High Income Fund had an annualized return of 3.64%, while the S&P 500 had an annualized return of 11.26%, indicating that Shenkman Capital Short Duration High Income Fund did not perform as well as the benchmark.
SCFIX
1.19%
0.47%
2.84%
6.99%
3.90%
3.64%
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of SCFIX, 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 | 0.98% | 1.19% | |||||||||||
| 2024 | 0.25% | 0.25% | 0.78% | 0.00% | 0.81% | 0.66% | 0.86% | 0.98% | 0.69% | -0.02% | 0.66% | 0.03% | 6.10% |
| 2023 | 2.09% | -0.26% | 0.89% | 0.80% | -0.25% | 0.85% | 0.88% | 0.35% | -0.08% | -0.23% | 2.26% | 1.61% | 9.25% |
| 2022 | -0.96% | -0.18% | -0.02% | -1.38% | 0.22% | -4.03% | 4.00% | -1.11% | -1.77% | 1.99% | 1.01% | -0.10% | -2.53% |
| 2021 | 0.13% | 0.09% | 0.39% | 0.42% | 0.24% | 0.55% | 0.04% | 0.25% | 0.13% | 0.12% | -0.46% | 0.94% | 2.86% |
| 2020 | -0.03% | -0.56% | -4.59% | 2.30% | 1.73% | 0.20% | 2.14% | 0.17% | -0.05% | 0.17% | 1.35% | 0.66% | 3.37% |
| 2019 | 2.45% | 1.01% | 0.35% | 0.64% | -0.26% | 0.99% | 0.36% | 0.51% | 0.30% | 0.17% | 0.36% | 0.50% | 7.61% |
| 2018 | 0.35% | -0.14% | 0.12% | 0.32% | 0.21% | 0.10% | 0.65% | 0.52% | 0.39% | -0.37% | -0.07% | -1.20% | 0.88% |
| 2017 | 0.32% | 0.53% | -0.01% | 0.71% | 0.48% | 0.16% | 0.47% | 0.16% | 0.34% | 0.17% | -0.04% | 0.22% | 3.56% |
| 2016 | -0.15% | 0.38% | 1.00% | 0.86% | 0.36% | -0.05% | 1.09% | 0.48% | 0.35% | 0.04% | -0.05% | 0.77% | 5.17% |
| 2015 | 0.33% | 1.45% | 0.04% | 0.67% | 0.36% | -0.33% | 0.08% | -0.61% | -0.75% | 1.20% | -0.82% | -0.74% | 0.86% |
| 2014 | 0.24% | 0.59% | 0.31% | 0.18% | 0.47% | 0.22% | -0.67% | 0.81% | -0.92% | 0.93% | -0.13% | -0.65% | 1.37% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 98, SCFIX is among the top 2% 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 Shenkman Capital Short Duration High Income Fund (SCFIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Shenkman Capital Short Duration High Income Fund provided a 5.81% dividend yield over the last twelve months, with an annual payout of $0.57 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.57 | $0.57 | $0.51 | $0.36 | $0.28 | $0.33 | $0.38 | $0.38 | $0.31 | $0.31 | $0.33 | $0.33 |
Dividend yield | 5.81% | 5.83% | 5.21% | 3.86% | 2.82% | 3.25% | 3.78% | 3.90% | 3.11% | 3.09% | 3.37% | 3.30% |
Monthly Dividends
The table displays the monthly dividend distributions for Shenkman 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 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.57 |
| 2023 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.51 |
| 2022 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.36 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.28 |
| 2020 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.33 |
| 2019 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.38 |
| 2018 | $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 |
| 2017 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.31 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.31 |
| 2015 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.33 |
| 2014 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.03 | $0.33 |
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 Shenkman 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 Shenkman Capital Short Duration High Income Fund was 13.09%, occurring on Mar 23, 2020. Recovery took 83 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.09% | Feb 24, 2020 | 21 | Mar 23, 2020 | 83 | Jul 21, 2020 | 104 |
| -6.31% | Dec 31, 2021 | 125 | Jun 30, 2022 | 149 | Feb 2, 2023 | 274 |
| -3.48% | Jul 17, 2015 | 145 | Feb 11, 2016 | 53 | Apr 28, 2016 | 198 |
| -2.2% | Nov 28, 2014 | 13 | Dec 16, 2014 | 35 | Feb 6, 2015 | 48 |
| -2.11% | May 10, 2013 | 32 | Jun 25, 2013 | 18 | Jul 22, 2013 | 50 |
Volatility
Volatility Chart
The current Shenkman Capital Short Duration High Income Fund volatility is 0.28%, 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.