PCPTX Performance — SmallCap Value Fund II, Class R-1
Data updated: 2026-09-25
PCPTX returned +24.88% over one year to Oct 2024. Annualised returns are +4.34% over 3 years and +9.32% over 5 years. Against its US Small Value category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $114, against $113 for the category, and to $125 over one year, against $127. Volatility over the past three years was 21.33% a year. In the 12 months to Jul 2026 the fund lost a net $38.9M, and assets reached $1.26B.
PCPTX Growth of $100
What $100 invested in SmallCap Value Fund II grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Value category average over the same months.
| Period | PCPTX | Category average |
|---|---|---|
| 1 year (Nov 2023 – Oct 2024) | $125 | $127 |
| 3 years (Nov 2021 – Oct 2024) | $114 | $113 |
| 5 years (Nov 2019 – Oct 2024) | $156 | $162 |
| Since data start (Aug 2019 – Oct 2024) | $156 | $164 |
PCPTX Trailing Returns
Total returns to Oct 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +24.88% |
| 3 years (annualised) | +4.34% |
| 5 years (annualised) | +9.32% |
PCPTX Annual Returns
Calendar-year total returns of SmallCap Value Fund II, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Oct) | +2.92% |
| 2023 | +19.17% |
| 2022 | −10.06% |
| 2021 | +31.20% |
| 2020 | +2.87% |
| 2019 (Aug–Dec) | +4.86% |
PCPTX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | −4.0% | +2.8% | +4.6% | −6.2% | +4.4% | −1.7% | +9.3% | −2.4% | −0.6% | −2.3% | — | — |
| 2023 | +9.5% | −0.5% | −5.2% | −3.1% | −1.5% | +9.9% | +5.6% | −3.5% | −5.3% | −6.0% | +8.3% | +12.0% |
| 2022 | −3.8% | +1.7% | +0.2% | −6.7% | +3.4% | −9.1% | +9.1% | −3.8% | −9.7% | +12.1% | +4.5% | −5.9% |
| 2021 | +2.0% | +10.9% | +5.0% | +3.4% | +3.2% | −1.7% | −2.5% | +2.1% | −1.4% | +4.2% | −2.3% | +5.4% |
| 2020 | −4.7% | −10.7% | −24.3% | +12.9% | +3.9% | +1.6% | +1.9% | +5.0% | −4.4% | +3.0% | +17.8% | +8.0% |
| 2019 | — | — | — | — | — | — | — | −5.3% | +4.4% | +1.1% | +1.9% | +2.9% |
PCPTX Risk
Risk measures from monthly returns over Nov 2021 – Oct 2024.
- 3-year volatility (annualised): 21.33%
- 3-year Sharpe ratio: -0.01 (vs 4.5% risk-free rate)
- Best month: +12.14% (Oct 2022)
- Worst month: −9.68% (Sep 2022)
PCPTX Fund Flows
Monthly money in and out of SmallCap Value Fund II, from SEC Form N-PORT.
- 12-month net flow: −$38.9M
- 12-month gross sales (incl. reinvestments): $238.9M
- Sales ÷ redemptions: 0.86×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $9.0M | $24.4M | −$15.4M |
| Jun 2026 | $11.0M | $21.9M | −$10.9M |
| May 2026 | $10.1M | $17.2M | −$7.1M |
| Apr 2026 | $9.0M | $28.4M | −$19.5M |
| Mar 2026 | $10.7M | $18.6M | −$7.9M |
| Feb 2026 | $24.7M | $13.9M | $10.9M |
| Jan 2026 | $23.3M | $23.8M | −$519K |
| Dec 2025 | $107.6M | $20.9M | $86.7M |
| Nov 2025 | $6.0M | $13.6M | −$7.6M |
| Oct 2025 | $8.7M | $28.8M | −$20.1M |
| Sep 2025 | $7.6M | $17.3M | −$9.6M |
| Aug 2025 | $11.2M | $49.1M | −$37.9M |
PCPTX Assets Under Management
Net assets of SmallCap Value Fund II by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $1.26B |
| 2026-04-30 | $1.24B |
| 2026-01-31 | $1.19B |
| 2025-10-31 | $1.10B |
| 2025-07-31 | $1.10B |
| 2025-04-30 | $1.02B |
| 2025-01-31 | $1.17B |
| 2024-10-31 | $1.12B |
| 2024-07-31 | $1.61B |
| 2024-04-30 | $1.43B |
| 2024-01-31 | $1.38B |
| 2023-10-31 | $1.17B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.