Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX)
Under normal market conditions, the fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities rated investment grade at time of purchase. Investment grade securities are those rated in the Baa3 or higher categories by Moody's, or in the BBB- or higher categories by Standard & Poor's, or Fitch or, if unrated by Moody's, S&P, Fitch, or another NRSRO, determined by the fund's advisor, to be of comparable credit quality.
Fund Info
US46141Q8160
Oct 7, 2016
$250,000
Expense Ratio
PSDSX has an expense ratio of 0.53%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) returned 1.90% year-to-date (YTD) and 5.28% over the past 12 months.
PSDSX
1.90%
0.45%
2.36%
5.28%
4.71%
2.86%
N/A
^GSPC (Benchmark)
0.52%
6.32%
-1.44%
12.25%
12.45%
14.20%
10.84%
Monthly Returns
The table below presents the monthly returns of PSDSX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.50% | 0.35% | 0.28% | 0.35% | 0.40% | 1.90% | |||||||
| 2024 | 0.61% | 0.40% | 0.47% | 0.45% | 0.50% | 0.43% | 0.55% | 0.50% | 0.54% | 0.40% | 0.45% | 0.40% | 5.85% |
| 2023 | 0.71% | 0.15% | 0.36% | 0.25% | 0.46% | 0.56% | 0.61% | 0.45% | 0.48% | 0.40% | 0.60% | 0.61% | 5.81% |
| 2022 | -0.15% | -0.15% | -0.16% | -0.15% | -0.25% | -0.34% | 0.15% | 0.41% | -0.55% | -0.15% | 0.61% | 0.46% | -0.28% |
| 2021 | 0.05% | 0.00% | -0.01% | 0.00% | 0.10% | -0.05% | 0.05% | -0.00% | 0.04% | -0.05% | -0.05% | -0.02% | 0.05% |
| 2020 | 0.35% | 0.25% | -2.20% | 1.38% | 0.71% | 0.35% | 0.20% | 0.25% | -0.02% | 0.05% | 0.15% | 0.15% | 1.59% |
| 2019 | 0.45% | 0.30% | 0.29% | 0.25% | 0.30% | 0.27% | 0.20% | 0.30% | 0.14% | 0.15% | 0.10% | 0.21% | 3.00% |
| 2018 | 0.20% | 0.10% | 0.05% | 0.20% | 0.20% | 0.11% | 0.20% | 0.25% | 0.16% | 0.15% | 0.10% | 0.09% | 1.83% |
| 2017 | 0.15% | 0.10% | 0.10% | 0.15% | 0.15% | 0.11% | 0.15% | 0.15% | 0.11% | 0.15% | 0.10% | 0.07% | 1.51% |
| 2016 | 0.10% | 0.05% | 0.11% | 0.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 100, PSDSX is among the top 0% of mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
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Dividends
Dividend History
Palmer Square Ultra-Short Duration Investment Grade Fund provided a 5.08% dividend yield over the last twelve months, with an annual payout of $1.02 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.02 | $1.08 | $0.92 | $0.33 | $0.10 | $0.24 | $0.50 | $0.43 | $0.30 | $0.05 |
Dividend yield | 5.08% | 5.42% | 4.64% | 1.70% | 0.51% | 1.21% | 2.51% | 2.18% | 1.50% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Palmer Square Ultra-Short Duration Investment Grade Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.19 | |||||||
| 2024 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.26 | $0.00 | $0.00 | $0.31 | $0.00 | $0.00 | $0.27 | $1.08 |
| 2023 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.21 | $0.00 | $0.00 | $0.25 | $0.00 | $0.00 | $0.30 | $0.92 |
| 2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.14 | $0.33 |
| 2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.02 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.10 |
| 2020 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.03 | $0.24 |
| 2019 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.11 | $0.50 |
| 2018 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.43 |
| 2017 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.30 |
| 2016 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Palmer Square Ultra-Short Duration Investment Grade Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Palmer Square Ultra-Short Duration Investment Grade Fund was 3.03%, occurring on Mar 24, 2020. Recovery took 52 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -3.03% | Mar 5, 2020 | 14 | Mar 24, 2020 | 52 | Jun 8, 2020 | 66 |
| -1.52% | Sep 23, 2021 | 278 | Oct 28, 2022 | 56 | Jan 20, 2023 | 334 |
| -0.2% | Mar 14, 2023 | 3 | Mar 16, 2023 | 5 | Mar 23, 2023 | 8 |
| -0.15% | Apr 4, 2025 | 4 | Apr 9, 2025 | 5 | Apr 16, 2025 | 9 |
| -0.12% | Sep 24, 2020 | 5 | Sep 30, 2020 | 34 | Nov 17, 2020 | 39 |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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