Skip to Content
Morningstar

Palmer Square Ultra-Short Dur IG PSDSX

Morningstar Medalist Rating
Medalist Rating as of | See Palmer Square Investment Hub
  • NAV / 1-Day Return 20.01  /  0.00
  • Total Assets 83.5 Mil
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.520%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 5.02%
  • Effective Duration —

USD | NAV as of May 20, 2024 | 1-Day Return as of May 20, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PSDSX

Will PSDSX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PSDSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSDSX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PSDSX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Palmer Square Ultra-Short Dur IG boasts strong Process and People Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

Fees are a weakness here. The strategy's lofty fees are a high hurdle to clear, as it is priced within the second-costliest quintile among peers.

by Morningstar Manager Research
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings PSDSX

More PSDSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 17.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Carbone CLO, Limited / Carbone CLO LLC 6.82%

2.46 1.5 Mil
Securitized

United States Treasury Bills 0%

2.41 1.5 Mil
Government

OCP CLO 2014-7 Ltd. 6.8%

2.29 1.4 Mil
Securitized

Carlyle Us Clo Ltd 6.68%

1.76 1.1 Mil
Securitized

Galaxy Xv Clo Ltd/Galaxy Xv Clo Llc 6.63%

1.76 1.1 Mil
Securitized

Golden Tree Ln Opportunities Ix Ltd 7.75%

1.62 1.0 Mil
Securitized

Cifc Funding Ltd 6.76%

1.62 1.0 Mil
Securitized

Symphony CLO XVI Ltd/Llc 6.81%

1.62 1.0 Mil
Securitized

United States Treasury Bills 0%

1.61 996,930
Government

United States Treasury Bills 0%

1.61 995,610
Government