AMVTX — Shenkman Capital Short Duration High Income Fund
Data updated: 2026-08-24
AMVTX — Shenkman Capital Short Duration High Income Fund. Short Corporate Bond · $2.50B AUM. Holdings, fees, performance and SEC filings.
AMVTX Fund Overview
AMVTX — Shenkman Capital Short Duration High Income Fund is a US mutual fund managed by Advisors Series Trust, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Advisors Series Trust
- Category: Short Corporate Bond
- Assets under management: $2.50B
- Ticker: AMVTX
- SEC CIK: 0001027596
- SEC series ID: S000038872
- Share class ID: C000241157
AMVTX Investment Objective and Strategy
Shenkman Capital Short Duration High Income Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Advisors Series Trust.
Investment objective
The Short Duration Fund seeks to generate a high level of current income.
Principal investment strategy
Under normal market conditions, the Short Duration Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in fixed-income securities and loans issued by companies that are rated below investment grade ( i.e. , junk bonds and loans). The Fund considers below investment grade instruments to include instruments with ratings lower than BBB- by Standard & Poors (S&P) Ratings Services or Baa3 by Moodys Investors Service, Inc. (Moodys), or that are not rated or considered by the Advisor to be equivalent to high yield instruments. The Fund generally invests in high yield instruments rated CCC or better by S&P or Moodys, but retains the discretion to invest in even lower rated instruments. The fixed-income securities and loans in which the Short Duration Fund invests include traditional corporate bonds, U.S.
Government obligations and bank loans to corporate borrowers, and may have fixed, floating or variable rates. The Fund typically focuses on instruments that have short durations ( i.e., have an expected redemption through maturity, call or other corporate action within three years or less from the time of purchase). Duration is a measure of a debt instruments price sensitivity to yield. Higher duration indicates debt instruments that are more sensitive to interest rate changes. Bonds with shorter duration are typically less sensitive to interest rate changes. Duration takes into account a debt instruments cash flows over time, including the possibility that a debt instrument might be prepaid by the issuer or redeemed by the holder prior to its stated maturity date. In contrast, maturity measures only the time until final payment is due.
The Short Duration Fund may invest up to 20% of its total assets in foreign fixed-income instruments, including those denominated in U.S. dollars or other currencies, and may also invest without limit in Rule 144A fixed-income securities. Additionally, the Fund may invest up to 15% of its total assets in interest rate swaps for hedging purposes, up to 15% of its total assets in convertible bonds, and up to 10% of its total assets in preferred stocks. The Fund may also utilize leverage of no more than 33% of the Funds total assets as part of the portfolio management process. Leverage is the practice of borrowing money to purchase investments, for instance, by borrowing money against a line of credit. The Fund may also create leverage by borrowing money against a margin account where the Funds portfolio holdings and cash serve as collateral for the loan.
The Short Duration Fund may invest up to 100% of its net assets in high-quality, short-term debt securities and money market instruments for temporary defensive purposes.
AMVTX Holdings
Top 10 holdings of Shenkman Capital Short Duration High Income Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| First American Government Obli | 1.50% |
| Hub International Ltd. | 0.97% |
| Discovery Holdings, Inc. | 0.86% |
| Ss&c Technologies, Inc. | 0.75% |
| Chs/community Health Sys | 0.75% |
| Iron Mountain, Inc. | 0.74% |
| Cco Hldgs Llc/cap Corp. | 0.74% |
| Caesars Entertain, Inc. | 0.72% |
| Six Flags/canada Won | 0.72% |
| Herc Holdings, Inc. | 0.67% |
AMVTX Portfolio Allocation
Asset-class allocation of Shenkman Capital Short Duration High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 93.3% |
| Loans | 4.0% |
| Cash & Equivalents | 1.5% |
AMVTX Performance
Total returns for AMVTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.5% |
| 1 year | 4.3% |
| 3 years (annualised) | 6.2% |
| 5 years (annualised) | 4.1% |
AMVTX Risk Information
Risk metrics for AMVTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.2%
AMVTX Costs and Fees
AMVTX costs about $65 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.65%
- Gross expense ratio: 0.65%
- Portfolio turnover: 72%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
AMVTX Cashflows
Over the 12 months to 2026-06, Shenkman Capital Short Duration High Income Fund had net inflows of $928.10M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$8.24M |
| 2026-05 | $19.22M |
| 2026-04 | $376.42M |
| 2026-03 | $108.98M |
| 2026-02 | $10.33M |
| 2026-01 | $25.58M |
AMVTX Debt Constituents
Largest debt holdings of Shenkman Capital Short Duration High Income Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Hub International Ltd. | 0.97% |
| Discovery Holdings, Inc. | 0.86% |
| Ss&c Technologies, Inc. | 0.75% |
| Chs/community Health Sys | 0.75% |
| Iron Mountain, Inc. | 0.74% |
| Cco Hldgs Llc/cap Corp. | 0.74% |
| Caesars Entertain, Inc. | 0.72% |
| Six Flags/canada Won | 0.72% |
| Herc Holdings, Inc. | 0.67% |
| Transdigm, Inc. | 0.65% |
AMVTX Prospectus and SEC Filings
Official Shenkman Capital Short Duration High Income Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-01-28
- Prospectus (485BPOS) — filed 2025-01-24
- Prospectus (485BPOS) — filed 2024-01-26
- Portfolio holdings (N-PORT) — filed 2026-08-24
- Portfolio holdings (N-PORT) — filed 2026-05-22
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2024-12-16
- Annual census (N-CEN) — filed 2023-12-14
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.