PSCQX Performance — Penn Capital Special Situations Small Cap Equity Fund, Investor Class
Data updated: 2026-07-28
PSCQX returned +20.51% year to date and +41.53% over one year to May 2026. Annualised returns are +19.39% over 3 years and +6.64% over 5 years. The fund beat its US Small Blend category average: $100 invested three years ago grew to $170, against $160 for the category, and to $142 over one year, against $132. Volatility over the past three years was 22.76% a year. In the 12 months to May 2026 the fund took in a net $29.1M, and assets reached $108.19M. Returns are those of sibling share class PSCNX; this class's own returns are not reported in filings.
PSCQX Growth of $100
What $100 invested in Penn Capital Special Situations Small Cap Equity Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Small Blend category average over the same months.
| Period | PSCQX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $142 | $132 |
| 3 years (Jun 2023 – May 2026) | $170 | $160 |
| 5 years (Jun 2021 – May 2026) | $138 | $135 |
| Since data start (Jan 2020 – May 2026) | $233 | $188 |
PSCQX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +20.51% |
| 1 year | +41.53% |
| 3 years (annualised) | +19.39% |
| 5 years (annualised) | +6.64% |
PSCQX Annual Returns
Calendar-year total returns of Penn Capital Special Situations Small Cap Equity Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +20.51% |
| 2025 | +12.00% |
| 2024 | +8.02% |
| 2023 | +14.39% |
| 2022 | −18.00% |
| 2021 | +33.32% |
| 2020 | +27.60% |
PSCQX 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 | +5.3% | +3.1% | −4.6% | +13.4% | +2.6% | — | — | — | — | — | — | — |
| 2025 | +5.0% | −5.1% | −8.0% | −3.0% | +7.2% | +8.7% | +3.6% | +6.6% | +0.2% | −2.2% | +0.1% | −0.3% |
| 2024 | −4.6% | +1.4% | +6.0% | −6.3% | +4.4% | −0.7% | +6.9% | −3.5% | −0.1% | +0.3% | +13.7% | −7.9% |
| 2023 | +12.2% | −0.8% | −7.5% | −3.0% | −1.9% | +10.5% | +8.2% | −8.0% | −6.6% | −8.6% | +11.2% | +11.8% |
| 2022 | −6.2% | +5.2% | +2.0% | −9.1% | −1.8% | −14.3% | +11.3% | −1.2% | −12.1% | +14.8% | +2.3% | −6.2% |
| 2021 | +2.4% | +13.9% | +3.1% | +6.2% | +3.6% | +0.6% | −4.7% | +4.1% | −0.7% | +3.8% | −6.2% | +4.6% |
| 2020 | −3.2% | −9.9% | −30.9% | +19.8% | +10.4% | +0.3% | +4.8% | +7.0% | +2.0% | +1.4% | +22.6% | +12.1% |
PSCQX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 22.76%
- 3-year Sharpe ratio: 0.65 (vs 4.5% risk-free rate)
- Best month: +13.70% (Nov 2024)
- Worst month: −8.64% (Oct 2023)
PSCQX Fund Flows
Monthly money in and out of Penn Capital Special Situations Small Cap Equity Fund, from SEC Form N-PORT.
- 12-month net flow: $29.1M
- 12-month gross sales (incl. reinvestments): $40.1M
- Sales ÷ redemptions: 3.65×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $3.2M | $1.0M | $2.2M |
| Apr 2026 | $5.1M | $627K | $4.4M |
| Mar 2026 | $4.2M | $577K | $3.6M |
| Feb 2026 | $3.5M | $443K | $3.1M |
| Jan 2026 | $2.5M | $478K | $2.0M |
| Dec 2025 | $8.6M | $3.5M | $5.1M |
| Nov 2025 | $1.8M | $800K | $1.0M |
| Oct 2025 | $3.4M | $939K | $2.4M |
| Sep 2025 | $4.5M | $495K | $4.1M |
| Aug 2025 | $1.3M | $983K | $276K |
| Jul 2025 | $702K | $797K | −$95K |
| Jun 2025 | $1.3M | $336K | $925K |
PSCQX Assets Under Management
Net assets of Penn Capital Special Situations Small Cap Equity Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $108.19M |
| 2026-02-28 | $87.29M |
| 2025-11-30 | $76.14M |
| 2025-08-31 | $70.14M |
| 2025-05-31 | $57.35M |
| 2025-02-28 | $56.80M |
| 2024-11-30 | $57.58M |
| 2024-08-31 | $49.41M |
| 2024-05-31 | $49.35M |
| 2024-02-29 | $45.90M |
| 2023-11-30 | $42.22M |
| 2023-08-31 | $41.32M |
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.