Penn Capital Defensive Short Duration High Income Fund — new fund registration

PENN Capital Funds Trust registered 3 new fund series on Form 485APOS, filed 2017-04-10. Featured series: Penn Capital Defensive Short Duration High Income Fund.

Registration

Registrant / trust: PENN Capital Funds Trust
CIK: 0001618627
Form: 485APOS
Filed: 2017-04-10
State of incorporation: DE
Accession: 0001680359-17-000143
Reported net assets: $20.3M

Series & classes (3)

Series	Class	Ticker	New
Penn Capital Defensive Short Duration High Income Fund	Penn Capital Defensive Short Duration High Income Fund	PSHNX	Yes
Penn Capital Micro Cap Equity Fund	Penn Capital Micro Cap Equity Fund	PMCNX	Yes
Penn Capital Small Cap Value Equity Fund	Penn Capital Small Cap Value Equity Fund	PVSNX	Yes

Fees (from the effective prospectus)

12b-1 fee: 0.00%
Gross expense ratio: 1.36%
Management fee: 0.45%
Net expense ratio: 0.54%
Other expenses: 0.91%

Investment objective

The Penn Capital Short Duration High Income Fund (the ?Fund?) seeks to provide a high level of current income.

Advisers

Penn Capital Management Company LLC (Advisor)