Penn Capital US High Yield Credit

The high yield corporate debt market consists of corporate debt issues with credit ratings below BBB (non-invest grade). Due to the non-investment grade ratings assigned to their debt, issuers in this class offer higher yields based on higher perceived default risk.

By constructing a diversified portfolio of over 100 corporate debt issuers, an investor can materially reduce the risk of principal loss caused by a default or credit downgrade without sacrificing aggregate yield and return opportunities. Further, by applying a rigorous research and examination process on issuers, one can materially reduce the portfolio default experience.

This marketplace remains inefficient and largely misunderstood. History has shown that a diversified portfolio of debt issued by solvent, US based corporations that have passed our fundamental research screening process can provide attractive returns with a fraction of the volatility associated with other asset classes and similar return structures.

Penn Capital's team oriented security selection and portfolio construction process, refined for almost 30 years, has enabled us to produce attractive long term track records.

Senior Floating Rate Loans

Preserves capital and generates high levels of income

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Short Duration High Yield Credit

Preserves investor capital while managing duration and generating current income

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Double-B High Yield Credit

Preserves investor principal while generating high levels of current income and maintaining low volatility

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Defensive High Yield Credit

Preserves investor principal while generating high levels of current income

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Opportunistic High Yield Credit

Generates residual returns through tactical allocation of capital

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Convertible Securities

Maximizes total return through tactical allocation of capital

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Distressed Total Return

Produces strong risk adjusted returns with the distressed corporate credit universe

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