About PSCNX
The Penn Capital Special Situations Small Cap Equity Fund Institutional Class is a mutual fund focused on capital appreciation by investing primarily in small-capitalization companies. The fund employs a high-conviction, private equity-inspired approach for public market investing, targeting companies with complex capital structures and limited analyst coverage to capture market inefficiencies. By utilizing Penn Capital’s Complete Capital Structure Analysis®, the fund emphasizes catalyst-driven opportunities and seeks uncorrelated sources of alpha.
Investments span a wide array of equity securities, including common and preferred stocks, convertible securities, American Depositary Receipts (ADRs), real estate investment trusts (REITs), and positions in other investment companies such as ETFs. The portfolio typically holds between 50 and 90 positions, constructed through a disciplined, bottom-up research process that blends quantitative financial analysis with qualitative assessment of management quality and industry positioning. ESG factors are also integrated into the research methodology, considering the financial and reputational impacts of environmental, social, and governance issues. Generally, at least 80% of assets are allocated to small-cap equities, defined as companies with market capitalizations between approximately $100 million and $4 billion at the time of investment. This fund serves investors seeking specialized exposure to smaller U.S. companies with unique capital structures and potential catalysts for value realization.
Fund Family Penn Capital Management
Category Small Blend
Performance Rating Below Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol PSCNX
Share Class Institutional Class
Index Index is not available on Lipper Database
PSCNX had a total return of 19.67% in the past year, including dividends. Since the fund's
inception, the average annual return has been 12.77%.
