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Morningstar

Palmer Square Income Plus PSYPX

Morningstar Medalist Rating
Medalist Rating as of | See Palmer Square Investment Hub
  • NAV / 1-Day Return 10.00  /  +0.10 %
  • Total Assets 914.9 Mil
  • Adj. Expense Ratio
    0.680%
  • Expense Ratio 0.880%
  • 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 5.64%
  • Effective Duration —

USD | NAV as of Apr 23, 2024 | 1-Day Return as of Apr 23, 2024, 10:17 PM GMT+0

Morningstar’s Analysis PSYPX

Will PSYPX 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 PSYPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PSYPX 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 PSYPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Strength in Palmer Square Income Plus'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 most expensive quintile among peers.

by Morningstar Manager Research
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Portfolio Holdings PSYPX

More PSYPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Fidelity Inv MM Treasury III

5.23 43.7 Mil
Corporate

United States Treasury Notes 4.63%

4.41 36.8 Mil
Government

United States Treasury Notes 4%

2.47 20.6 Mil
Government

United States Treasury Bills 0%

1.19 10.0 Mil
Government

United States Treasury Bills 0%

1.19 9.9 Mil
Government

United States Treasury Bills 0%

1.18 9.9 Mil
Government

United States Treasury Bills 0%

1.01 8.4 Mil
Government

522 FUNDING CLO 2019-5 LTD 6.72%

0.74 6.2 Mil
Securitized

Dryden 80 CLO Ltd/Dryden 80 CLO LLC 6.65%

0.65 5.5 Mil
Securitized

United States Treasury Bills 0%

0.60 5.0 Mil
Government