Penn Capital Short Duration High Income Fund
Report Period: 29-Jun-2021 to 30-Jun-2021 Total Market Value: 39,883,119.30 SECURITY NAME % OF TOTAL NET ASSETS FIXED INCOME • LONG ABERCROMBIE & FITCH MGMT CO 0.4833 ALLEGHENY TECHNOLOGIES INC 0.8601 ALLEGIANT TRAVEL CO 0.5784 AMC NETWORKS INC 0.4364 AMERIGAS PARTNERS L P 0.4490 ANTERO RESOURCES CORP 0.2549 AVON PRODS INC 0.7500 BAUSCH HEALTH COS INC 0.5609 BRINKER INTL INC 0.5645 BUCKEYE PARTNERS L P 0.4039 CALERES INC 0.5119 CARNIVAL CORP MTN BE 3.9104 CCO HLDGS LLC / CCO HLDGS CAP 0.3450 CD&R SMOKEY BUYER INC 0.4272 CINEMARK USA INC 0.7500 COGENT COMM HOLDINGS INC 0.4457 COMMERCIAL METALS CO 0.5278 COMMSCOPE HLDG CO INC 0.6150 COMPASS MINERALS INTL INC 0.5015 CONTINENTAL RES INC 0.3447 CROWN CORK & SEAL INC 0.5187 CSC HLDGS LLC 0.5210 DCP MIDSTREAM OPERATING PL 0.8881 DELTA AIR LINES INC 0.5901 DISH DBS CORPORATION 1.6240 DISH NETWORK CORPORATION 0.5674 ELANCO ANIMAL HEALTH INC 0.2679 ENACT HLDGS INC 0.5765 ENLINK MIDSTREAM PARTNERS LP S 0.4891 EPR PPTYS 1.0919 EQT CORP 0.5342 EQT CORP 0.2470 EQUITRANS MIDSTREAM CORP 0.3822 FOOT LOCKER INC 1.6708 FORD MOTOR CREDIT COMPANY 0.5007 FORD MTR CO DEL 0.6810 FORD MTR CO DEL 3.5161 FORTRESS TRANSN & INFRA INVS L 0.6210 FXI HOLDINGS INC 0.4752 GAP INC 1.4313 GOODYEAR TIRE & RUBR CO 0.5422 HANESBRANDS INC 0.5677 HAT HLDGS I LLC / HAT HLDGS II 0.5514 HAT HLDGS I LLC / HAT HLDGS II 0.3513 HAWAIIAN BRAND INTELLECTUAL PP 0.3476 HERBALIFE NUTRITION LTD/HLF FI 0.7205 HILLENBRAND INC 0.2674 HILTON GRAND VACATION BORROW/ 0.5479 HOWMET AEROSPACE INC 0.2754 HUGHES SATELLITE S 0.4608 ICAHN ENTERPRISES LP/CORP 0.2341 ICAHN ENTERPRISES LP/CORP 0.7083 ICAHN ENTERPRISES LP/CORP 1.1193 ISTAR INC 0.5768 JAGUAR LAND ROVER PLC 0.3750 JO-ANN STORES T/L 0.4650 KB HOME 1.2926 KEHE DISTRS LLC/ KEHE FIN CORP 0.4029 KOPPERS INC PA 0.3213 L BRANDS INC 0.5956 LUMEN TECHNOLOGIES INC 0.5592 MACYS INC 0.5212 MACYS RETAIL HLDGS INC 0.6491 MACYS RETAIL HLDGS INC 0.1785 MARRIOTT OWNERSHIP RESORTS INC 0.6755 MATTEL INC 0.6163 MDC PARTNERS INC. 0.4792 MEREDITH CORP 0.5504 METHANEX CORP 0.3034 MGIC INVT CORP WIS 0.5369 MGM RESORTS INTERNATIONAL 3.1501 MICHAEL KORS USA INC 0.5268 MOLINA HEALTHCARE INC 0.4430 NAVIENT CORPORATION 0.5636 NAVIENT CORPORATION 1.7103 NCL CORP LTD 0.9927 NETFLIX INC. 0.7599 NEW FORTRESS ENERGY INC 0.5610 NEWELL BRANDS INC 0.2818 NEWFIELD EXPL CO 0.2773 NEWMARK GROUP INC 0.8494 NMI HLDGS INC 0.5851 NRG ENERGY INC 0.5293 OCCIDENTAL PETE CORP 0.7941 OI EUROPEAN GROUP BV 0.5389 ONEMAIN FINANCIAL CORPORATION 0.7065 OPPENHEIMER HLDGS INC 0.5720 OWENS & MINOR INC 1.0125 OWENS BROCKWAY 0.4432 PARK INTER HLDGS LLC / PK DOME 0.5183 PRIME SEC SVCS BORROWER LLC / 1.1130 QVC INC 0.3108 QVC INC 0.3458 QWEST CORP 1.8565 RADIAN GROUP INC 1.1738 RANGE RES CORP 0.2990 REALOGY GRP LLC/REALOGY CO 0.5674 REYNOLDS GROUP T/L (01/17) 0.6079 RLJ LODGING TR 0.4025 ROYAL CARIBBEAN GROUP 0.3073 ROYAL CARIBBEAN GROUP 1.7019 SABRE GLBL INC 0.5034 SERVICE PPTYS TR 0.4405 SERVICE PPTYS TR 1.1872 SERVICE PPTYS TR 0.4371 SLM CORP 0.2157 SOUTHWESTERN ENERGY CO 0.5646 SPIRIT IP CAYMAN LTD / SP 0.2613 SPRINGLEAF FINANCE CORPORATION 1.4342 SPRINT NEXTEL CORP 0.2584 STARWOOD PPTY TR INC 0.2609 TEEKAY CORPORATION 0.8235 TENET HEALTHCARE CORP 0.2780 TENET HEALTHCARE CORP 1.2107 TENNECO PACKAGING INC 0.2522 TERRAFORM PWR OPER LLC 0.2812 TEVA PHARMACEUTICAL FIN NETH S 0.5709 TEVA PHARMACEUTICAL FIN NETH S 0.5281 T-MOBILE US INC 1.3017 T-MOBILE US INC 1.6271 T-MOBILE US INC 2.0346 TRAVEL PLUS LEISURE CO 0.7053 TRAVEL PLUS LEISURE CO 0.5292 TRIPADVISOR INC 0.5628 TRIUMPH GROUP INC NEW 0.3464 TURNING PT BRANDS INC 0.3189 UNITED AIR LINES INC 0.2450 UNITED STATES TREAS NTS 1.0040 VIDEOTRON LTD 1.1036 VIKING CRUISES LTD 0.3077 WESCO DISTR INC 0.4307 WESTERN MIDSTREAM OPER LP 0.5214 WIDEOPENWEST T/L B 0.7972 WYNDHAM DESTINATIONS INC 0.4899 WYNN LAS VEGAS LLC / WYNN 0.5944 XEROX CORP 0.1036 XEROX CORP 0.2601 XPO LOGISTICS INC 0.8611 YUM BRANDS INC 0.5418 INVESTMENT COMPANY • LONG PENN CAPITAL FUNDS TRUST PENN 2.6199