Morningstar

Palmer Square Ultra-Short Duration Investment Grade Fund PSDSX

Morningstar Medalist Rating
Medalist Rating as of | See Palmer Square Investment Hub
  • NAV / 1-Day Return 19.94  /  0.00
  • Total Assets 47.9M
  • Adj. Expense Ratio
    0.500%
  • Expense Ratio 0.500%
  • 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 4.19%
  • Effective Duration —

USD | NAV as of Jul 21, 2026 | 1-Day Return as of Jul 21, 2026, 12:11 AM GMT+0

Morningstar’s Analysis PSDSX

Will PSDSX outperform in the 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.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

Palmer Square Ultra-Short Dur IG holds a quantitatively derived Neutral Morningstar Medalist Rating. The rating suggests the model does not express a clear expectation of outperformance or underperformance relative to peers over a full market cycle.

by Morningstar Automated Analysis
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Portfolio Holdings PSDSX

More PSDSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills 0%

4.27 2M
Government

United States Treasury Bills 0%

4.25 2M
Government

Fidelity Inv MM Treasury I

3.63 2M
Cash and Equivalents

Octagon 57 Ltd. 4.7431%

3.24 2M
Securitized

KKR Financial CLO 2005-1 Ltd. 4.6809%

3.24 2M
Securitized

Carval CLO II Ltd. 4.69523%

2.41 1M
Securitized

ANCHORAGE CAPITAL CLO 24 LTD 5.1031%

2.17 1M
Securitized

Voya Clo 2020-3 Ltd / Llc 4.92214%

2.17 1M
Securitized

EMPOWER CLO 2022-1 LTD 4.9931%

2.16 1M
Securitized

Magnetite XXIII LTD / LLC 5.01659%

2.16 1M
Securitized

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