Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.75% 1.454B 3.28% 80.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
206.06M -4.37% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks to generate a high level of current income. Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities, bank loans and other instruments issued by companies that are rated below investment grade. It generally invests in high yield instruments rated CCC or better by S&P or Moody's, but retains the discretion to invest in even lower rated instruments. The fixed income securities, bank loans and other instruments in which the fund invests include traditional corporate bonds, U.S. government obligations and bank loans to corporate borrowers, and may have fixed, floating or variable rates.
General
Security Type Mutual Fund
Oldest Share Symbol SCFIX
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Shenkman Funds
Prospectus Benchmark Index
ICE BofA 0-3Y US Trsy TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mark Shenkman 9.84 yrs
Nicholas Sarchese 9.84 yrs
Justin Slatky 6.09 yrs
Jordan Barrow 5.67 yrs
Neil Wechsler 3.09 yrs

Net Fund Flows Versus Category

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1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 3
206.06M
-5.193B Category Low
5.804B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of August 31, 2022

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
--
--
--
As of September 23, 2022. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2015
2016
2017
2018
2019
2020
2021
YTD
0.78%
5.05%
3.46%
0.77%
7.53%
3.27%
2.76%
-4.75%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.75%
-3.26%
14.49%
7.30%
-2.27%
15.44%
5.01%
4.16%
-13.18%
-2.18%
15.96%
8.61%
-5.07%
15.19%
4.58%
6.26%
-15.45%
0.33%
10.46%
3.12%
-0.80%
7.37%
5.21%
0.28%
-5.45%
-4.31%
15.33%
7.19%
-2.80%
13.81%
4.91%
5.20%
-12.98%
As of September 23, 2022.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-23-22) 3.28%
30-Day SEC Yield (8-31-22) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.40%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Asset Allocation

As of June 30, 2022.
Type % Net % Long % Short
Cash 2.61% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 96.52% Upgrade Upgrade
Convertible 0.87% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
First American Government Obligs X 2.26% 1.00 0.00%
Verscend Escrow Corp 0.0975%
1.83% -- --
Caesars Entertainment Inc New 0.0625%
1.52% -- --
KAR Auction Services, Inc 0.05125%
1.41% -- --
LifePoint Health, Inc 0.0975%
1.35% -- --
Change Healthcare Holdings LLC/ Change Healthcare Finance Inc 0.0575%
1.21% -- --
CCO Holdings, LLC/ CCO Holdings Capital Corp. 0.055%
1.11% -- --
AMC Networks Inc 0.0475%
1.07% -- --
Boxer Parent Company Inc 0.07125%
1.05% -- --
Aramark Services, Inc. 0.06375%
1.04% -- --

Fees & Availability

Fees
Actual 12B-1 Fee --
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load --
Maximum Deferred Load --
Maximum Redemption Fee Upgrade
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks to generate a high level of current income. Under normal market conditions, the fund will invest at least 80% of its net assets in fixed income securities, bank loans and other instruments issued by companies that are rated below investment grade. It generally invests in high yield instruments rated CCC or better by S&P or Moody's, but retains the discretion to invest in even lower rated instruments. The fixed income securities, bank loans and other instruments in which the fund invests include traditional corporate bonds, U.S. government obligations and bank loans to corporate borrowers, and may have fixed, floating or variable rates.
General
Security Type Mutual Fund
Oldest Share Symbol SCFIX
Equity Style --
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name High Yield Bond
Category Index ICE BofA US High Yield TR USD
Prospectus Objective Corporate Bond - High Yield
Fund Owner Firm Name Shenkman Funds
Prospectus Benchmark Index
ICE BofA 0-3Y US Trsy TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Mark Shenkman 9.84 yrs
Nicholas Sarchese 9.84 yrs
Justin Slatky 6.09 yrs
Jordan Barrow 5.67 yrs
Neil Wechsler 3.09 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (9-23-22) 3.28%
30-Day SEC Yield (8-31-22) Upgrade
7-Day SEC Yield --
Number of Holdings Upgrade
Bond
Current Yield 6.40%
Yield to Maturity Upgrade
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of June 30, 2022

Fund Details

Key Dates
Inception Date 5/17/2013
Last Annual Report Date 9/30/2021
Last Prospectus Date 1/28/2022
Share Classes
SCFAX A
SCFCX C
SCFIX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No

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