PSCQX — PENN Capital Special Situations Small Cap Equity

PSCQX Fund Overview

PSCQX — PENN Capital Special Situations Small Cap Equity is a US mutual fund managed by RBB Fund Trust, categorised as United States Small Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: RBB Fund Trust
• Category: United States Small Cap Blend / Core Equity
• Assets under management: $108.19M
• Ticker: PSCQX
• SEC CIK: 0001618627
• SEC series ID: S000048027
• Share class ID: C000151489

PSCQX Investment Objective and Strategy

PENN Capital Special Situations Small Cap Equity describes its objective and strategy as follows, from its latest prospectus filed with the SEC by RBB Fund Trust.

Investment objective

The Penn Capital Special Situations Small Cap Equity Fund (the Fund) seeks to provide capital appreciation.

Principal investment strategy

The Fund seeks to achieve its investment objective by investing, under normal circumstances, at least 80% of its net assets in the equity securities of small-capitalization companies. Small-capitalization companies are defined for this purpose as companies with market capitalizations at the time of purchase between the lesser of $100 million or the market capitalization of the smallest company included in the Russell 2000 Index and the greater of $4 billion or the market capitalization of the largest company included in the Russell 2000 Index. As of August 31, 2018, the minimum and maximum market capitalizations included in the Russell 2000 Index were approximately $32.7 million and $6.7 billion, respectively. The Fund is not required to sell equity securities whose market values appreciate or depreciate outside this market capitalization range.

Equity securities in which the Fund invests include common stock; preferred stock; equity-equivalent securities such as convertible securities; other investment companies, including exchange traded funds (ETFs); American Depositary Receipts (ADRs); and real estate investment trusts (REITs). The Fund also is permitted to invest in private placements in these types of securities. ADRs are equity securities traded on U.S. securities exchanges, which are generally issued by banks or trust companies to evidence ownership of foreign equity securities. In addition, the Fund may have increased exposure to investments in the financials sector. The Fund generally invests in the securities of leveraged companies ( i.e. , companies that issue debt). The Fund also has the ability to invest in other investment companies, including ETFs, that have investment objectives similar to the Funds or that otherwise are permitted investments with the Funds investment policies described herein.

The Fund may invest up to 25% of its net assets in foreign equity securities. The Fund generally intends to invest in approximately 50 to 90 equity securities identified by the Advisors fundamental, bottom-up value driven research. The portfolio construction process involves both quantitative and qualitative fundamental analysis. Quantitative measures include the review of company financial statements and analysis of the companys financial metrics relative to its peer group. Qualitative measures include evaluation of management, identification of market leaders within industries, and due-diligence research regarding customers, competitors and suppliers. The Advisor could choose to sell a security when, for example, in the Advisors determination, it no longer represents an attractive growth prospect, or to take advantage of what the Advisor has determined to be a better investment opportunity .

The Fund anticipates a higher than average portfolio turnover rate.

PSCQX Holdings

Top 10 holdings of PENN Capital Special Situations Small Cap Equity by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all PSCQX holdings

PSCQX Portfolio Allocation

Asset-class allocation of PENN Capital Special Situations Small Cap Equity by percentage of net assets, from the latest SEC N-PORT filing.

PSCQX Performance

Total returns for PSCQX (as of 2026-10-01), from SEC filings.

PSCQX Risk Information

Risk metrics for PSCQX, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 17.3%

PSCQX Costs and Fees

PSCQX costs about $134 per $10,000 invested per year in fund expenses.

• Net expense ratio: 1.34%
• Gross expense ratio: 3.34%
• Portfolio turnover: 91%
• Brokerage commissions: 26.27 bps of average net assets (SEC N-CEN)

PSCQX Cashflows

Over the 12 months to 2026-05, PENN Capital Special Situations Small Cap Equity had net inflows of $29.11M, from monthly SEC N-PORT filings.

PSCQX Debt Constituents

No individual debt constituents are reported in PENN Capital Special Situations Small Cap Equity's latest SEC N-PORT filing.

PSCQX Prospectus and SEC Filings

Official PENN Capital Special Situations Small Cap Equity filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2023-12-21
• Prospectus supplement (497) — filed 2026-01-05
• Prospectus supplement (497) — filed 2025-01-06
• Portfolio holdings (N-PORT) — filed 2026-07-28
• Portfolio holdings (N-PORT) — filed 2026-04-28
• Portfolio holdings (N-PORT) — filed 2026-01-28
• Annual census (N-CEN) — filed 2023-11-14
• Annual census (N-CEN) — filed 2022-11-14

Related Funds

Other United States Small Cap Blend / Core Equity funds tracked on ABC INVEST:

• iShares Core S&P Small-Cap ETF (IJR)
• iShares Russell 2000 ETF (IWM)
• Fidelity Small Cap Index Fund (FSSNX)
• Schwab U.S. Small-Cap ETF (SCHA)
• U.s. Small Cap Portfolio (DFSTX)

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.