Palmer Square Ultra-Short Dur IG (PSDSX)
| Fund Assets | 46.52M |
| Expense Ratio | 0.50% |
| Min. Investment | $250,000 |
| Turnover | 124.00% |
| Dividend (ttm) | 0.66 |
| Dividend Yield | 3.32% |
| Dividend Growth | n/a |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Mar 25, 2026 |
| Previous Close | 19.92 |
| YTD Return | 1.19% |
| 1-Year Return | 3.38% |
| 5-Year Return | 14.25% |
| 52-Week Low | 19.86 |
| 52-Week High | 20.15 |
| Beta (5Y) | 0.05 |
| Holdings | 118 |
| 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.
Performance
PSDSX had a total return of 3.38% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.27%.
Top 10 Holdings
29.70% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Bills 0% | B.0 10.15.26 | 4.27% |
| United States Treasury Bills 0% | B.0 12.03.26 | 4.25% |
| Fidelity Colchester Street Trust - Treasury Portfolio | FISXX | 3.63% |
| Octagon 57 Ltd. 4.7431% | OCT57.2021-1A AR | 3.24% |
| KKR Financial CLO 2005-1 Ltd. 4.6809% | KKR.23 AR2 | 3.24% |
| Carval CLO II Ltd. 4.69523% | CARVL.2019-1A AR2 | 2.41% |
| ANCHORAGE CAPITAL CLO 24 LTD 5.1031% | ANCHC.2022-24A A1R | 2.17% |
| Voya Clo 2020-3 Ltd / Llc 4.92214% | VOYA.2020-3A ARR | 2.17% |
| EMPOWER CLO 2022-1 LTD 4.9931% | EMPWR.2023-2A AR | 2.16% |
| Magnetite XXIII LTD / LLC 5.01659% | MAGNE.2019-23A BR2 | 2.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Mar 25, 2026 | $0.16116 | Mar 31, 2026 |
| Dec 23, 2025 | $0.26668 | Dec 23, 2025 |
| Sep 19, 2025 | $0.2334 | Sep 19, 2025 |