Palmer Square Ultra-Short Duration Investment Grade Fund (PSDSX)
| Fund Assets | 55.15M |
| Expense Ratio | 0.50% |
| Min. Investment | $250,000 |
| Turnover | 124.00% |
| Dividend (ttm) | n/a |
| Dividend Yield | n/a |
| Dividend Growth | n/a |
| Payout Frequency | n/a |
| Ex-Dividend Date | n/a |
| Previous Close | 19.98 |
| YTD Return | 0.55% |
| 1-Year Return | n/a |
| 5-Year Return | n/a |
| 52-Week Low | 19.86 |
| 52-Week High | 20.13 |
| Beta (5Y) | n/a |
| Holdings | 165 |
| Inception Date | Oct 7, 2016 |
About PSDSX
Palmer Square Ultra-Short Duration Investment Grade Fund is an institutional mutual fund specializing in ultra-short duration, high-quality fixed income securities. Its primary objective is to generate income while maintaining a secondary focus on capital appreciation. The fund invests at least 80% of its net assets in U.S. dollar-denominated, investment grade debt instruments—including fixed and floating rate corporate bonds, collateralized loan obligations (CLOs), traditional asset-backed securities, and commercial paper—while maintaining an average portfolio duration of less than two years, often closer to half a year. This structure aims to limit interest rate sensitivity and overall portfolio volatility. By holding a diversified basket of securities—157 holdings as of the latest data—the fund targets capital preservation with a competitive yield compared to money market alternatives. With a minimum investment threshold typically suited for institutional or high-net-worth clients, the fund plays a significant role for investors seeking short-term, lower-risk allocations within the fixed income segment, positioned strategically between money market products and short-term bond funds in terms of yield and risk profile.
Top 10 Holdings
23.66% of assets| Name | Symbol | Weight |
|---|---|---|
| Fidelity Colchester Street Trust - Treasury Portfolio | FISXX | 4.44% |
| Golub Capital Partners Static 2024-1 Ltd. | 381929AN | 2.81% |
| Madison Park Funding Ltd - Madison Park Funding XXXV Ltd. | 55819MAN | 2.48% |
| CIFC Funding Ltd - CIFC Funding 2013-III-R Ltd. | 12552MAL | 2.21% |
| United States Treasury Bill | 912797RP | 2.10% |
| United States Treasury Bill | 912797QR | 2.09% |
| Carval CLO LTD - CarVal CLO II Ltd. | 14686AAY | 2.03% |
| Battalion CLO LTD - Battalion Clo XV Ltd. | 07131AAM | 1.94% |
| Carlyle Global Market Strategies CLO 2015-5 Ltd. | 14312JBG | 1.83% |
| United States Treasury Bill | 912797RW | 1.74% |