PKHIX Performance — PPM High Yield Core Fund, Institutional Class
Data updated: 2024-11-26
PKHIX returned +14.33% over one year to Sep 2024. The annualised 3-year return is +2.63%. The fund beat its High Yield Bond category average: $100 invested three years ago grew to $108, against $108 for the category, and to $114 over one year, against $114. Volatility over the past three years was 8.45% a year. In the 12 months to Sep 2024 the fund took in a net $2.7M, and assets reached $40.12M.
PKHIX Growth of $100
What $100 invested in PPM High Yield Core Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the High Yield Bond category average over the same months.
| Period | PKHIX | Category average |
|---|---|---|
| 1 year (Oct 2023 – Sep 2024) | $114 | $114 |
| 3 years (Oct 2021 – Sep 2024) | $108 | $108 |
| Since data start (Jan 2020 – Sep 2024) | $119 | $118 |
PKHIX Trailing Returns
Total returns to Sep 2024, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +14.33% |
| 3 years (annualised) | +2.63% |
PKHIX Annual Returns
Calendar-year total returns of PPM High Yield Core Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2024 (Jan–Sep) | +7.39% |
| 2023 | +12.70% |
| 2022 | −11.34% |
| 2021 | +5.60% |
| 2020 | +5.35% |
PKHIX 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 | +0.4% | +0.4% | +0.9% | −0.8% | +1.3% | +0.9% | +1.5% | +1.4% | +1.1% | — | — | — |
| 2023 | +4.1% | −1.7% | +0.7% | +0.9% | −1.1% | +1.6% | +1.7% | +0.6% | −1.0% | −1.4% | +4.4% | +3.4% |
| 2022 | −2.6% | −0.9% | −0.7% | −3.5% | −0.7% | −6.7% | +5.8% | −1.9% | −4.2% | +3.0% | +1.9% | −0.8% |
| 2021 | +0.3% | +0.5% | +0.2% | +1.2% | +0.3% | +1.3% | 0.0% | +0.6% | +0.1% | −0.3% | −1.0% | +2.0% |
| 2020 | −0.3% | −1.9% | −11.2% | +3.9% | +4.2% | 0.0% | +5.0% | +0.9% | −1.0% | +0.5% | +4.1% | +2.0% |
PKHIX Risk
Risk measures from monthly returns over Oct 2021 – Sep 2024.
- 3-year volatility (annualised): 8.45%
- 3-year Sharpe ratio: -0.22 (vs 4.5% risk-free rate)
- Best month: +5.84% (Jul 2022)
- Worst month: −6.69% (Jun 2022)
PKHIX Fund Flows
Monthly money in and out of PPM High Yield Core Fund, from SEC Form N-PORT.
- 12-month net flow: $2.7M
- 12-month gross sales (incl. reinvestments): $4.2M
- Sales ÷ redemptions: 2.68×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2024 | $233K | $0 | $233K |
| Aug 2024 | $246K | $0 | $246K |
| Jul 2024 | $239K | $0 | $239K |
| Jun 2024 | $236K | $0 | $236K |
| May 2024 | $244K | $0 | $244K |
| Apr 2024 | $248K | $1.6M | −$1.3M |
| Mar 2024 | $1.6M | $0 | $1.6M |
| Feb 2024 | $228K | $0 | $228K |
| Jan 2024 | $231K | $0 | $231K |
| Dec 2023 | $229K | $0 | $229K |
| Nov 2023 | $225K | $0 | $225K |
| Oct 2023 | $228K | $0 | $228K |
PKHIX Assets Under Management
Net assets of PPM High Yield Core Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2024-09-30 | $40.12M |
| 2024-06-30 | $38.52M |
| 2024-03-31 | $39.59M |
| 2023-12-31 | $37.51M |
| 2023-09-30 | $35.24M |
| 2023-06-30 | $34.85M |
| 2023-03-31 | $57.88M |
| 2022-12-31 | $54.86M |
| 2022-09-30 | $52.76M |
| 2022-06-30 | $53.08M |
| 2022-03-31 | $61.88M |
| 2021-12-31 | $62.87M |
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.