Palmer Square Income Plus Fund (PSYPX)

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Palmer Square Income Plus Fund (PSYPX) is up 0.7% since the beginning of the year. PSYPX is currently trading at $10 per share. Investors who bought $1,000 worth of PSYPX shares 5 years ago would now be looking at an investment worth $1,179.

Palmer Square Income Plus Fund (PSYPX) has returned 0.69% so far this year and 3.37% over the past 12 months. Over the last ten years, PSYPX has returned 3.84% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Mar 3, 2014, PSYPX's average daily return is +0.01%, while the average monthly return is +0.27%. At this rate, an investment would double in approximately 21.4 years.

Historically, 78% of months were positive and 22% were negative. The best month was Mar 2016 with a return of +3.6%, while the worst month was Mar 2020 at -8.2%. The longest winning streak lasted 32 consecutive months, and the longest losing streak was 9 months.

On a daily basis, PSYPX closed higher 25% of trading days. The best single day was Mar 22, 2024 with a return of +1.4%, while the worst single day was Mar 23, 2020 at -2.2%.

Palmer Square Income Plus Fund has an annualized alpha of 2.84%, beta of 0.03, and R2 of 0.06 versus S&P 500 Index. Calculated based on daily prices since March 03, 2014.

• This fund participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (14.23%) than losses (10.01%) - typical of diversified or defensive assets.
• Beta of 0.03 may look defensive, but with R2 of 0.06 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.06 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

PSYPX has an expense ratio of 0.75%, placing it in the medium range.

PSYPX ranks 78 for risk / return — better than 78% of mutual funds on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.

Palmer Square Income Plus Fund provided a 3.30% dividend yield over the last twelve months, with an annual payout of $0.34 per share.

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.

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.

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 chart below shows the rolling one-month volatility.