PCSFX Performance — Capital Securities Fund, Class S
Data updated: 2026-07-24
PCSFX returned +1.78% year to date and +7.81% over one year to May 2026. Annualised returns are +10.65% over 3 years and +3.67% over 5 years. Against its Global Short-Term Corporate Bond category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $135, against $129 for the category, and to $108 over one year, against $108. Volatility over the past three years was 4.24% a year. In the 12 months to May 2026 the fund lost a net $281.7M, and assets reached $885.34M.
PCSFX Growth of $100
What $100 invested in Capital Securities Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Short-Term Corporate Bond category average over the same months.
| Period | PCSFX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $108 | $108 |
| 3 years (Jun 2023 – May 2026) | $135 | $129 |
| 5 years (Jun 2021 – May 2026) | $120 | $122 |
| Since data start (Sep 2019 – May 2026) | $137 | $136 |
PCSFX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.78% |
| 1 year | +7.81% |
| 3 years (annualised) | +10.65% |
| 5 years (annualised) | +3.67% |
PCSFX Annual Returns
Calendar-year total returns of Capital Securities Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +1.78% |
| 2025 | +8.97% |
| 2024 | +12.14% |
| 2023 | +6.82% |
| 2022 | −11.35% |
| 2021 | +3.74% |
| 2020 | +7.70% |
| 2019 (Sep–Dec) | +4.16% |
PCSFX 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.6% | +0.8% | −1.9% | +1.8% | +0.5% | — | — | — | — | — | — | — |
| 2025 | +0.9% | +0.8% | +0.1% | −0.6% | +1.7% | +1.4% | +0.7% | +0.7% | +1.1% | +0.6% | +0.3% | +0.9% |
| 2024 | +2.2% | +0.5% | +1.6% | −0.7% | +1.7% | +0.9% | +1.4% | +1.4% | +1.6% | 0.0% | +0.7% | +0.2% |
| 2023 | +5.4% | −1.4% | −6.5% | +1.3% | −0.4% | +1.2% | +2.4% | −0.5% | −0.6% | −1.6% | +4.5% | +3.4% |
| 2022 | −1.8% | −2.8% | −0.8% | −2.9% | −1.4% | −4.2% | +4.8% | −1.1% | −5.0% | 0.0% | +2.2% | +1.3% |
| 2021 | +0.2% | 0.0% | +0.1% | +1.4% | +0.4% | +0.9% | +0.7% | +0.5% | 0.0% | −0.4% | −0.9% | +0.9% |
| 2020 | +1.5% | −1.0% | −13.1% | +8.3% | +2.1% | +1.4% | +3.3% | +2.0% | −0.4% | +0.7% | +3.0% | +1.1% |
| 2019 | — | — | — | — | — | — | — | — | +0.9% | +1.6% | +0.6% | +1.0% |
PCSFX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 4.24%
- 3-year Sharpe ratio: 1.45 (vs 4.5% risk-free rate)
- Best month: +4.46% (Nov 2023)
- Worst month: −1.86% (Mar 2026)
PCSFX Fund Flows
Monthly money in and out of Capital Securities Fund, from SEC Form N-PORT.
- 12-month net flow: −$281.7M
- 12-month gross sales (incl. reinvestments): $186.9M
- Sales ÷ redemptions: 0.40×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $9.7M | $17.5M | −$7.8M |
| Apr 2026 | $12.6M | $37.6M | −$25.0M |
| Mar 2026 | $10.5M | $36.4M | −$25.9M |
| Feb 2026 | $11.4M | $57.5M | −$46.1M |
| Jan 2026 | $21.8M | $60.1M | −$38.3M |
| Dec 2025 | $19.6M | $26.2M | −$6.6M |
| Nov 2025 | $14.2M | $35.5M | −$21.3M |
| Oct 2025 | $19.7M | $28.4M | −$8.7M |
| Sep 2025 | $10.8M | $21.3M | −$10.4M |
| Aug 2025 | $14.6M | $45.5M | −$30.9M |
| Jul 2025 | $25.8M | $42.5M | −$16.7M |
| Jun 2025 | $16.2M | $60.2M | −$44.0M |
PCSFX Assets Under Management
Net assets of Capital Securities Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $885.34M |
| 2026-02-28 | $955.30M |
| 2025-11-30 | $1.04B |
| 2025-08-31 | $1.07B |
| 2025-05-31 | $1.15B |
| 2025-02-28 | $1.18B |
| 2024-11-30 | $1.21B |
| 2024-08-31 | $1.20B |
| 2024-05-31 | $1.14B |
| 2024-02-29 | $1.11B |
| 2023-11-30 | $1.05B |
| 2023-08-31 | $1.04B |
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.