Palmer Square Income Plus Fund (PSYPX)
Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities. It may invest up to 30% of its net assets in high yield securities - securities rated below investment grade that generally have higher yields and higher risks than investment grade securities. The fund may invest in debt securities of any maturity and credit quality. Under normal market conditions, the advisor expects that the fund will invest primarily in securities rated investment grade at time of purchase.
Fund Info
ISIN | US46141P3881 |
---|---|
CUSIP | 46141P388 |
Issuer | Palmer Square |
Inception Date | Feb 28, 2014 |
Category | Ultrashort Bond |
Min. Investment | $250,000 |
Asset Class | Bond |
Expense Ratio
PSYPX has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Palmer Square Income Plus 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 Income Plus Fund had a return of 2.52% year-to-date (YTD) and 8.87% in the last 12 months. Over the past 10 years, Palmer Square Income Plus Fund had an annualized return of 3.25%, while the S&P 500 had an annualized return of 10.99%, indicating that Palmer Square Income Plus Fund did not perform as well as the benchmark.
Period | Return | Benchmark |
---|---|---|
Year-To-Date | 2.52% | 11.18% |
1 month | 0.80% | 5.60% |
6 months | 4.39% | 17.48% |
1 year | 8.87% | 26.33% |
5 years (annualized) | 3.46% | 13.16% |
10 years (annualized) | 3.25% | 10.99% |
Monthly Returns
The table below presents the monthly returns of PSYPX, 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 | 0.81% | 0.30% | 0.59% | 0.20% | 2.52% | ||||||||
2023 | 1.66% | -0.10% | 0.04% | 0.72% | 0.20% | 0.77% | 1.23% | 0.81% | 0.30% | 0.20% | 1.32% | 1.31% | 8.78% |
2022 | -0.10% | -0.30% | -0.18% | -0.30% | -1.01% | -1.07% | 0.72% | 0.92% | -1.50% | -0.00% | 1.67% | 0.43% | -0.76% |
2021 | 0.30% | 0.20% | -0.07% | 0.20% | 0.20% | 0.03% | 0.10% | 0.10% | 0.13% | -0.00% | -0.20% | 0.19% | 1.17% |
2020 | 0.61% | -0.40% | -8.15% | 3.21% | 3.22% | 1.79% | 1.03% | 0.71% | 0.15% | 0.00% | 1.42% | 0.51% | 3.65% |
2019 | 1.34% | 0.51% | 0.29% | 0.61% | 0.41% | 0.18% | 0.30% | 0.10% | 0.28% | -0.51% | 0.61% | 1.05% | 5.29% |
2018 | 0.41% | 0.10% | 0.03% | 0.30% | 0.20% | 0.11% | 0.30% | 0.30% | 0.18% | 0.10% | -0.20% | -0.68% | 1.16% |
2017 | 1.03% | 0.20% | 0.33% | 0.20% | 0.30% | 0.30% | 0.41% | 0.20% | 0.25% | 0.30% | 0.30% | 0.13% | 4.03% |
2016 | -2.90% | -5.23% | 3.56% | 2.64% | 0.32% | 0.48% | 3.12% | 1.04% | 0.50% | 0.73% | 0.52% | 0.66% | 5.25% |
2015 | 0.31% | 1.42% | 0.79% | 0.80% | 0.99% | -0.16% | -0.20% | -0.40% | -0.46% | -1.21% | -0.31% | -0.34% | 1.21% |
2014 | 0.27% | 0.20% | 0.00% | 0.31% | 0.10% | 0.10% | 0.21% | -0.90% | 0.61% | 0.06% | 0.95% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of PSYPX is 98, placing it in the top 2% 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.
PSYPX (Palmer Square Income Plus Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Palmer Square Income Plus Fund (PSYPX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Palmer Square Income Plus Fund granted a 5.60% dividend yield in the last twelve months. The annual payout for that period amounted to $0.56 per share.
Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
---|---|---|---|---|---|---|---|---|---|---|---|
Dividend | $0.56 | $0.53 | $0.31 | $0.13 | $0.21 | $0.31 | $0.28 | $0.25 | $0.41 | $0.31 | $0.25 |
Dividend yield | 5.60% | 5.31% | 3.23% | 1.27% | 2.08% | 3.11% | 2.84% | 2.53% | 4.26% | 3.25% | 2.59% |
Monthly Dividends
The table displays the monthly dividend distributions for Palmer Square Income Plus 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 | $0.13 | $0.00 | $0.00 | $0.13 | |||||||
2023 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.16 | $0.00 | $0.00 | $0.15 | $0.53 |
2022 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.12 | $0.31 |
2021 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.03 | $0.13 |
2020 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.04 | $0.00 | $0.00 | $0.04 | $0.21 |
2019 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.31 |
2018 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.28 |
2017 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.25 |
2016 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.12 | $0.00 | $0.00 | $0.07 | $0.41 |
2015 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.31 |
2014 | $0.02 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.25 |
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 Income Plus 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 Income Plus Fund was 11.43%, occurring on Mar 24, 2020. Recovery took 88 trading sessions.
The current Palmer Square Income Plus Fund drawdown is 0.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
---|---|---|---|---|---|---|
-11.43% | Feb 26, 2020 | 20 | Mar 24, 2020 | 88 | Jul 29, 2020 | 108 |
-11.05% | Jun 16, 2015 | 177 | Feb 26, 2016 | 155 | Oct 6, 2016 | 332 |
-3.15% | Oct 6, 2021 | 194 | Jul 14, 2022 | 127 | Jan 13, 2023 | 321 |
-1.19% | Mar 22, 2024 | 1 | Mar 22, 2024 | — | — | — |
-1.1% | Oct 6, 2014 | 9 | Oct 16, 2014 | 72 | Jan 30, 2015 | 81 |
Volatility
Volatility Chart
The current Palmer Square Income Plus Fund volatility is 0.31%, 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.