Mutual Funds

The Penn Capital Mutual Funds incorporate our Complete Capital Structure Analysis®, an in-depth high yield and equity research philosophy used to identify a company’s optimal capital structure.

Our investment professionals are capital structure generalists, meaning they are responsible for understanding the entire capital structure of the companies they follow. Understanding company liquidity, bank loan and bond covenants, maturity walls, equity issuance or repurchase potential, and refinancing opportunities provide unique insight into the under or overvaluation of debt and equity.

By following this philosophy, we believe that integrating credit and equity research allows us to construct a more comprehensive investment mosaic.

Fund Information

Penn Capital Defensive Short Duration High Income Fund Fact Sheet Holdings Prospectus
Penn Capital Multi-Credit High Income Fund Fact Sheet Holdings Prospectus
Penn Capital Defensive Floating Rate Income Fund Fact Sheet Holdings Prospectus
Penn Capital Special Situations Small Cap Equity Fund Fact Sheet Holdings Prospectus
Penn Capital Managed Alpha SMID Cap Equity Fund Fact Sheet Holdings Prospectus