About PSTPX
Palmer Square Income Plus T Fund is a mutual fund class designed to generate income as its primary objective, with capital appreciation as a secondary goal. Under normal market conditions, it invests at least 80% of its net assets in a diverse array of debt securities, including asset-backed securities such as collateralized loan obligations and mortgage-backed securities, corporate bonds, U.S. government securities, bank loans, senior secured loans, subordinated debt, and credit derivatives like credit default swaps. The fund employs an active trading strategy with a focus on investment-grade securities at purchase, utilizing top-down macro and relative value analysis alongside bottom-up issuer evaluation to identify compelling yield opportunities while managing credit risk. It incorporates an environmental, social, and governance screening process, particularly for below-investment-grade corporates. Holdings typically emphasize CLO debt, particularly AAA-rated tranches, investment-grade corporate debt, Treasury bills, and asset-backed securities like prime auto ABS, alongside selective high-yield bonds and bank loans. This flexible approach across corporate and structured credit sectors positions the fund to navigate varying interest rate environments and seek relative value in fixed-income markets.
Fund Family Palmer Square Capital Management LLC
Category Loan Participation
Performance Rating High
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol PSTPX
Share Class Class T
Index Bloomberg 1-3 Y US Corporate TR
PSTPX had a total return of 2.44% in the past year, including dividends. Since the fund's
inception, the average annual return has been -1.05%.
