PSMQX — PENN Capital Managed Alpha SMID Cap Equity
Data updated: 2025-01-29
PSMQX — PENN Capital Managed Alpha SMID Cap Equity. United States Small Cap Blend / Core Equity · $5.95M AUM. Holdings, fees, performance and SEC filings.
PSMQX Fund Overview
PSMQX — PENN Capital Managed Alpha SMID 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: $5.95M
- Ticker: PSMQX
- SEC CIK: 0001618627
- SEC series ID: S000048026
- Share class ID: C000151487
PSMQX Investment Objective and Strategy
PENN Capital Managed Alpha SMID 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 Managed Alpha SMID 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 and mid-capitalization companies. Small and mid-capitalization companies are defined for this purpose as companies with market capitalizations at the time of purchase between the lesser of $250 million or the market capitalization of the smallest company included in the Russell 2500 Index, and the greater of $10 billion or the market capitalization of the largest company included in the Russell 2500 Index. As of August 31, 2018, the minimum and maximum market capitalizations included in the Russell 2500 Index were approximately $32.7 million and $24.5 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 is also 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. 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.
Investments in investment companies and ETFs also are permitted to manage the Funds cash holdings. The Fund may invest more than 25% in dividend-paying securities. In addition, the Fund may have increased exposure to investments in the financials sector. The Fund also 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.
PSMQX Holdings
Top 10 holdings of PENN Capital Managed Alpha SMID Cap Equity by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Nexstar Media Group Inc | 2.03% |
| Carpenter Technology Corp | 1.99% |
| Weatherford International PLC | 1.93% |
| Caesars Entertainment Inc | 1.92% |
| Chart Industries Inc | 1.90% |
| Texas Capital Bancshares Inc | 1.90% |
| Knife River Corp | 1.87% |
| Pinnacle Financial Partners In | 1.86% |
| Semtech Corp | 1.86% |
| Generac Holdings Inc | 1.85% |
PSMQX Portfolio Allocation
Asset-class allocation of PENN Capital Managed Alpha SMID Cap Equity by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 98.9% |
| Cash & Equivalents | 1.4% |
PSMQX Performance
Total returns for PSMQX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 28.5% |
| 3 years (annualised) | 3.3% |
PSMQX Risk Information
Risk metrics for PSMQX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 19.2%
PSMQX Costs and Fees
PSMQX costs about $131 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.31%
- Gross expense ratio: 2.39%
- Portfolio turnover: 83%
- Brokerage commissions: 27.51 bps of average net assets (SEC N-CEN)
PSMQX Cashflows
Over the 12 months to 2024-11, PENN Capital Managed Alpha SMID Cap Equity had net inflows of $4.93M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2024-11 | $2.59K |
| 2024-10 | −$17.66K |
| 2024-09 | −$4.24K |
| 2024-08 | −$1.43M |
| 2024-07 | −$90.71K |
| 2024-06 | −$226.90K |
PSMQX Debt Constituents
No individual debt constituents are reported in PENN Capital Managed Alpha SMID Cap Equity's latest SEC N-PORT filing.
PSMQX Prospectus and SEC Filings
Official PENN Capital Managed Alpha SMID Cap Equity filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2023-12-21
- Prospectus supplement (497) — filed 2025-01-06
- Prospectus supplement (497) — filed 2023-01-05
- Portfolio holdings (N-PORT) — filed 2025-01-29
- Portfolio holdings (N-PORT) — filed 2024-10-30
- Portfolio holdings (N-PORT) — filed 2024-07-29
- 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:
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.