PMUBX
Penn Mutual AM Strategic Income Fund
ADVISORS' INNER CIRCLE III

Average annual returns

Through 2024
1 year
6.54%
3 year
4.00%
5 year
3.84%
10 year

Standardized average annual total returns (before tax), from calendar-year returns; recent years derived from N-PORT monthly data.

Calendar-year returns

Risk statistics

69 months through Sept. 30, 2025
Volatility (ann.)
2.36%
Sharpe
3.23
Sortino
14.93
Max drawdown
-7.66%
Best month
2.60%
Worst month
-5.09%

Derived from N-PORT monthly total returns; distinct from the prospectus returns above.

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