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Morningstar

Palmer Square Ultra-Short Dur IG PSDSX

Morningstar Medalist Rating
Medalist Rating as of | See Palmer Square Investment Hub
  • NAV / 1-Day Return 19.94  /  +0.05 %
  • Total Assets 84.4 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 5.04%
  • Effective Duration —

USD | NAV as of Apr 26, 2024 | 1-Day Return as of Apr 26, 2024, 10:18 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.

Strength in Palmer Square Ultra-Short Dur IG's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of 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-highest quintile among peers.

by Morningstar Manager Research
Rated on Published on

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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