Shenkman Capital Floating Rate High Income Fund (SFHIX)

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Shenkman Capital Floating Rate High Income Fund (SFHIX) is up 1.4% since the beginning of the year. SFHIX is currently trading at $9 per share. Investors who bought $1,000 worth of SFHIX shares 5 years ago would now be looking at an investment worth $1,300.

Shenkman Capital Floating Rate High Income Fund (SFHIX) has returned 1.36% so far this year and 4.93% over the past 12 months. Looking at the last ten years, SFHIX has achieved an annualized return of 26.06%, outperforming the S&P 500 Index benchmark, which averaged 13.75% per year.

Based on dividend-adjusted daily data since Jan 2, 2015, SFHIX's average daily return is +0.11%, while the average monthly return is +2.24%. At this rate, an investment would double in approximately 2.6 years.

Historically, 75% of months were positive and 25% were negative. The best month was Feb 2019 with a return of +88.9%, while the worst month was Mar 2020 at -11.2%. The longest winning streak lasted 16 consecutive months, and the longest losing streak was 4 months.

On a daily basis, SFHIX closed higher 34% of trading days. The best single day was Feb 7, 2019 with a return of +86.0%, while the worst single day was Mar 18, 2020 at -3.6%.

Shenkman Capital Floating Rate High Income Fund has an annualized alpha of 30.44%, beta of 0.02, and R2 of 0.00 versus S&P 500 Index. Calculated based on daily prices since January 05, 2015.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (79.42%) than losses (11.73%) - typical of diversified or defensive assets.
• Beta of 0.02 may look defensive, but with R2 of 0.00 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.00 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

SFHIX has an expense ratio of 0.54%, placing it in the medium range.

SFHIX ranks 70 for risk / return — better than 70% 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.

The table below present risk-adjusted performance metrics for Shenkman Capital Floating Rate High Income Fund (SFHIX) and compare them to S&P 500 Index.

Shenkman Capital Floating Rate High Income Fund provided a 7.61% dividend yield over the last twelve months, with an annual payout of $0.67 per share.

The table displays the monthly dividend distributions for Shenkman Capital Floating Rate High Income Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

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.

The table below displays the maximum drawdowns of the Shenkman Capital Floating Rate 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 Floating Rate High Income Fund was 19.94%, occurring on Mar 23, 2020. Recovery took 177 trading sessions.

The chart below shows the rolling one-month volatility.