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
| ISIN | US46141Q8160 |
|---|---|
| Issuer | Palmer Square |
| Inception Date | Oct 7, 2016 |
| Category | Ultrashort Bond |
| Min. Investment | $250,000 |
| Asset Class | Bond |
Expense Ratio
PSDSX has a high expense ratio of 0.53%, indicating higher-than-average management fees.
Share Price Chart
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Popular comparisons: PSDSX vs. FTSM
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Palmer Square Ultra-Short Duration Investment Grade Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Palmer Square Ultra-Short Duration Investment Grade Fund had a return of 2.25% year-to-date (YTD) and 6.28% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 2.25% | 11.18% |
| 1 month | 0.50% | 5.60% |
| 6 months | 3.19% | 17.48% |
| 1 year | 6.28% | 26.33% |
| 5 years (annualized) | 2.17% | 13.16% |
| 10 years (annualized) | N/A | 10.99% |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 0.61% | 0.40% | 0.47% | 0.45% | 2.25% | ||||||||
| 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% | -2.19% | 1.38% | 0.70% | 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
The current risk-adjusted rank of PSDSX is 97, placing it in the top 3% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PSDSX (Palmer Square Ultra-Short Duration Investment Grade Fund)
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.
Dividends
Dividend History
Palmer Square Ultra-Short Duration Investment Grade Fund granted a 5.01% dividend yield in the last twelve months. The annual payout for that period amounted to $1.00 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend | $1.00 | $0.92 | $0.33 | $0.10 | $0.24 | $0.50 | $0.43 | $0.30 | $0.05 |
Dividend yield | 5.01% | 4.64% | 1.70% | 0.50% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.24 | |||||||
| 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.
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.
The current Palmer Square Ultra-Short Duration Investment Grade Fund drawdown is 0.30%.
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 |
| -1.2% | Mar 22, 2024 | 1 | Mar 22, 2024 | — | — | — |
| -0.2% | Mar 14, 2023 | 3 | Mar 16, 2023 | 6 | Mar 24, 2023 | 9 |
| -0.12% | Sep 24, 2020 | 5 | Sep 30, 2020 | 34 | Nov 17, 2020 | 39 |
Volatility
Volatility Chart
The current Palmer Square Ultra-Short Duration Investment Grade Fund volatility is 0.12%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.