PISHX Performance — Preferred Securities and Income SMA Shares
Data updated: 2026-09-29
PISHX returned +2.38% year to date and +6.68% over one year to Jul 2026. Annualised returns are +10.54% over 3 years and +4.04% over 5 years. The fund beat its Global Intermediate Corporate Bond category average: $100 invested three years ago grew to $135, against $123 for the category, and to $107 over one year, against $105. Volatility over the past three years was 4.58% a year. In the 12 months to Jul 2026 the fund lost a net $8.4M, and assets reached $421.68M.
PISHX Growth of $100
What $100 invested in Preferred Securities and Income SMA Shares grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Global Intermediate Corporate Bond category average over the same months.
| Period | PISHX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $107 | $105 |
| 3 years (Aug 2023 – Jul 2026) | $135 | $123 |
| 5 years (Aug 2021 – Jul 2026) | $122 | $112 |
| Since data start (Aug 2019 – Jul 2026) | $147 | $128 |
PISHX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.38% |
| 1 year | +6.68% |
| 3 years (annualised) | +10.54% |
| 5 years (annualised) | +4.04% |
PISHX Annual Returns
Calendar-year total returns of Preferred Securities and Income SMA Shares, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +2.38% |
| 2025 | +10.23% |
| 2024 | +12.49% |
| 2023 | +7.88% |
| 2022 | −11.39% |
| 2021 | +5.09% |
| 2020 | +8.55% |
| 2019 (Aug–Dec) | +6.00% |
PISHX 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 | +0.7% | +0.8% | −2.1% | +2.2% | +0.6% | +0.7% | −0.4% | — | — | — | — | — |
| 2025 | +1.0% | +0.9% | −0.5% | −0.8% | +2.0% | +1.9% | +1.1% | +0.9% | +1.5% | +0.7% | +0.2% | +0.8% |
| 2024 | +1.5% | +0.6% | +2.0% | −0.9% | +1.8% | +0.8% | +1.5% | +1.9% | +1.9% | −0.5% | +0.8% | +0.3% |
| 2023 | +6.0% | −1.5% | −7.6% | +0.9% | +0.5% | +1.0% | +2.6% | −0.5% | −0.6% | −1.0% | +4.7% | +3.8% |
| 2022 | −1.8% | −2.8% | −0.7% | −2.9% | −1.1% | −4.1% | +4.0% | −1.3% | −4.7% | +0.5% | +2.4% | +0.7% |
| 2021 | 0.0% | −0.1% | +0.3% | +1.7% | +0.7% | +1.1% | +0.9% | +0.5% | +0.1% | −0.4% | −1.1% | +1.3% |
| 2020 | +2.0% | −1.7% | −14.8% | +9.4% | +1.9% | +1.1% | +3.6% | +2.8% | −0.9% | +1.0% | +4.2% | +1.6% |
| 2019 | — | — | — | — | — | — | — | +1.1% | +1.1% | +1.7% | +0.9% | +1.2% |
PISHX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 4.58%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +4.69% (Nov 2023)
- Worst month: −2.15% (Mar 2026)
PISHX Fund Flows
Monthly money in and out of Preferred Securities and Income SMA Shares, from SEC Form N-PORT.
- 12-month net flow: −$8.4M
- 12-month gross sales (incl. reinvestments): $110.6M
- Sales ÷ redemptions: 0.93×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $6.8M | $6.6M | $237K |
| Jun 2026 | $9.1M | $9.6M | −$538K |
| May 2026 | $11.8M | $9.8M | $2.0M |
| Apr 2026 | $8.2M | $8.0M | $186K |
| Mar 2026 | $6.5M | $13.7M | −$7.2M |
| Feb 2026 | $8.4M | $8.3M | $104K |
| Jan 2026 | $12.6M | $7.2M | $5.5M |
| Dec 2025 | $9.7M | $11.6M | −$1.9M |
| Nov 2025 | $5.8M | $20.8M | −$15.0M |
| Oct 2025 | $9.3M | $9.5M | −$225K |
| Sep 2025 | $12.4M | $8.2M | $4.2M |
| Aug 2025 | $10.0M | $5.7M | $4.3M |
PISHX Assets Under Management
Net assets of Preferred Securities and Income SMA Shares by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $421.68M |
| 2026-04-30 | $422.88M |
| 2026-01-31 | $433.24M |
| 2025-10-31 | $444.04M |
| 2025-07-31 | $428.79M |
| 2025-04-30 | $409.28M |
| 2025-01-31 | $425.47M |
| 2024-10-31 | $423.53M |
| 2024-07-31 | $392.02M |
| 2024-04-30 | $378.52M |
| 2024-01-31 | $372.43M |
| 2023-10-31 | $330.80M |
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.