Palmer Square Ultra-Short Dur IG (PSDSX)

Fund Assets	62.26M
Expense Ratio	0.493%
Min. Investment	$250,000
Turnover	124.00%
Dividend (ttm)	0.58
Dividend Yield	2.91%
Dividend Growth	n/a
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 24, 2026

Previous Close	19.91
YTD Return	2.04%
1-Year Return	2.94%
5-Year Return	15.15%
52-Week Low	19.86
52-Week High	20.13
Beta (5Y)	0.05
Holdings	143
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.

• Fund Family: Palmer Square Capital Management LLC
• Category: Ultra-Short Oblig
• Performance Rating: Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PSDSX
• Index: ICE BofA U.S. T-Bills 0-3 Months TR

Performance

PSDSX had a total return of 2.94% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.29%.

Top 10 Holdings

35.46% of assets

Name	Symbol	Weight
Fidelity Inv MM Treasury I	FISXX	13.53%
United States Treasury Bills 0%	B.0 12.03.26	4.73%
United States Treasury Bills 0%	B.0 10.22.26	3.17%
Octagon 57 Ltd. 4.82292%	OCT57.2021-1A AR	2.38%
United States Treasury Bills 0%	WIB.0 11.19.26	2.37%
United States Treasury Bills 0%	B.0 01.14.27	2.35%
KKR Financial CLO 2005-1 Ltd. 4.77921%	KKR.23 AR2	2.14%
Carval CLO II Ltd. 4.74921%	CARVL.2019-1A AR2	1.60%
Magnetite XXIII LTD / LLC 5.16015%	MAGNE.2019-23A BR2	1.59%
EMPOWER CLO 2022-1 LTD 5.07292%	EMPWR.2023-2A AR	1.59%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 24, 2026	$0.17596	Sep 30, 2026
Mar 25, 2026	$0.16116	Mar 31, 2026
Dec 23, 2025	$0.26668	Dec 23, 2025
Sep 19, 2025	$0.2334	Sep 19, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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