PMUBX — Penn Mutual AM Unconstrained Bond Fund
Data updated: 2025-11-25
PMUBX — Penn Mutual AM Unconstrained Bond Fund data: holdings, portfolio allocation, expenses, performance, cashflows, risk and SEC filings. Long Securitized (MBS/ABS/CMBS) Bond · $171.70M AUM · 0.73% expense ratio · 4.8% 1-yr return. From SEC regulatory filings.
PMUBX Fund Overview
PMUBX — Penn Mutual AM Unconstrained Bond Fund is a US mutual fund managed by Advisors' Inner Circle Fund III, categorised as Long Securitized (MBS/ABS/CMBS) 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' Inner Circle Fund III
- Category: Long Securitized (MBS/ABS/CMBS) Bond
- Assets under management: $171.70M
- 1-year return: 4.8%
- Ticker: PMUBX
- SEC CIK: 0001593547
- SEC series ID: S000061933
- Share class ID: C000200669
PMUBX Holdings
Top 10 holdings of Penn Mutual AM Unconstrained Bond Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 5.24% |
| United States of America | 3.20% |
| United States of America | 3.18% |
| United States of America | 2.91% |
| Freddie Mac | 2.23% |
| Fremf Mortgage Trust | 2.23% |
| Freddie Mac | 2.15% |
| United States of America | 2.05% |
| Prkcm Trust | 1.99% |
| United States of America | 1.76% |
PMUBX Portfolio Allocation
Asset-class allocation of Penn Mutual AM Unconstrained Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 39.1% |
| Securitized | 38.8% |
| Other | 19.1% |
| Cash & Equivalents | 1.6% |
PMUBX Performance
Total returns for PMUBX (as of 2026-08-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 4.8% |
| 3 years (annualised) | 7.6% |
| 5 years (annualised) | 4.2% |
PMUBX Risk Information
Risk metrics for PMUBX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
PMUBX Costs and Fees
PMUBX costs about $73 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.73%
- Gross expense ratio: 0.73%
- Portfolio turnover: 63%
- Brokerage commissions: 0.02 bps of average net assets (SEC N-CEN)
PMUBX Cashflows
Over the 12 months to 2025-09, Penn Mutual AM Unconstrained Bond Fund had net inflows of $7.56M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-09 | $633.79K |
| 2025-08 | $440.19K |
| 2025-07 | $364.35K |
| 2025-06 | $820.39K |
| 2025-05 | $595.36K |
| 2025-04 | $620.90K |
PMUBX Debt Constituents
Largest debt holdings of Penn Mutual AM Unconstrained Bond Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States of America | 3.18% |
| Freddie Mac | 2.23% |
| Freddie Mac | 2.15% |
| Federal National Mortgage Association | 1.64% |
| Federal National Mortgage Association | 1.61% |
| State Street Corporation | 1.57% |
| Freddie Mac | 1.51% |
| United States of America | 1.45% |
| First Maryland Capital Ii | 1.39% |
| Dominion Energy, Inc. | 1.22% |
PMUBX Prospectus and SEC Filings
Official Penn Mutual AM Unconstrained Bond Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
Related Funds
Other Long Securitized (MBS/ABS/CMBS) 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.