Palmer Square Ultra-Short Duration Investment Grade Fund
Data updated: 2026-09-09
C000264229 — Palmer Square Ultra-Short Duration Investment Grade Fund. Leveraged · $46.52M AUM. Holdings, fees, performance and SEC filings.
C000264229 Fund Overview
Palmer Square Ultra-Short Duration Investment Grade Fund is a US mutual fund managed by Palmer Square Funds Trust, categorised as Leveraged. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Palmer Square Funds Trust
- Category: Leveraged
- Assets under management: $46.52M
- SEC CIK: 0002014487
- SEC series ID: S000095503
- Share class ID: C000264229
C000264229 Investment Objective and Strategy
Palmer Square Ultra-Short Duration Investment Grade Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Palmer Square Funds Trust.
Investment objective
The investment objective of the Palmer Square Ultra -Short Duration Investment Grade Fund (the Fund) is to seek income.
Principal investment strategy
Under normal market conditions, the Fund will invest at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities rated investment grade at time of purchase. Investment grade securities are those rated in the Baa3 or higher categories by Moodys Investors Service, Inc. (Moodys), or in the BBB- or higher categories by Standard & Poors, a division of McGraw Hill Companies Inc. (S&P), or Fitch Ratings Ltd. (Fitch) or, if unrated by Moodys, S&P, Fitch, or another Nationally Recognized Statistical Rating Organization (NRSRO), determined by Palmer Square Capital Management LLC (the Advisor), the Funds advisor, to be of comparable credit quality. The types of debt securities in which the Fund may invest include, but are not limited to, (i) asset -backed securities, including collateralized loan obligations (CLOs) and mortgage -backed securities, (ii) corporate bonds, notes, debentures and commercial paper, (iii) securities issued or guaranteed by the U.S.
government, its agencies, instrumentalities or sponsored entities, (iv) bank loans, (v) senior secured floating rate and fixed rate loans or debt, and (vi) second lien or other subordinated or unsecured floating rate and fixed rate loans or debt. The Fund may invest a significant portion of its assets in a limited number of investment types. The Funds investment strategy involves active and frequent trading. The Funds asset -backed securities investments may be comprised of loans or leases secured by motor vehicles or other equipment, consumer receivables from sources such as credit cards or student loans, or cash flows from operating assets such as royalties and leases. Mortgage -backed securities in which the Fund may invest include those issued or guaranteed by federal agencies and/or U.S.
government sponsored instrumentalities, such as the Government National Mortgage Administration (Ginnie Mae), the Federal Housing Administration (FHA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The Fund may also invest in commercial mortgage -backed securities (CMBS) and collateralized mortgage -backed securities (CMOs) issued or guaranteed by private entities. The Funds investments will generally be U.S. dollar denominated. While the Fund may invest in securities of any maturity, the Fund will maintain an average portfolio duration under normal market conditions of less than one year. Duration is a measure of the underlying portfolios price sensitivity to changes in prevailing interest rates. In pursuing the Funds investment objectives, the Advisor uses a blend of top -down analysis, which includes macro analysis, analysis of valuation metrics across credit sectors, and sector monitoring, and bottom -up analysis, which involves individual issuer and management analysis and security/transaction evaluation that seeks to identify debt securities that it believes can provide highly competitive rate yields and total return over the long term with relatively mitigated credit risk.
C000264229 Holdings
Top 10 holdings of Palmer Square Ultra-Short Duration Investment Grade Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States of America | 4.25% |
| United States of America | 4.23% |
| Fidelity Investments Money Market Funds - Treasury Portfolio | 3.61% |
| KKR CLO Ltd. | 3.23% |
| Octagon Ltd. | 3.23% |
| CarVal CLO Ltd. | 2.40% |
| Anchorage Capital CLO Ltd. | 2.16% |
| Voya CLO Ltd. | 2.16% |
| Empower CLO Ltd. | 2.15% |
| Magnetite Ltd. | 2.15% |
C000264229 Portfolio Allocation
Asset-class allocation of Palmer Square Ultra-Short Duration Investment Grade Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Securitized | 63.7% |
| Fixed Income | 18.3% |
| Cash & Equivalents | 15.3% |
| Loans | 1.6% |
| Other | 1.2% |
C000264229 Performance
Total returns for C000264229 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.9% |
C000264229 Costs and Fees
C000264229 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.64%
- Portfolio turnover: 123%
- Brokerage commissions: 0.28 bps of average net assets (SEC N-CEN)
C000264229 Cashflows
Over the 12 months to 2026-06, Palmer Square Ultra-Short Duration Investment Grade Fund had net outflows of $24.68M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | −$2.79M |
| 2026-05 | $1.57M |
| 2026-04 | −$5.45M |
| 2026-03 | −$5.77M |
| 2026-02 | $3.97M |
| 2026-01 | $3.63M |
C000264229 Debt Constituents
Largest debt holdings of Palmer Square Ultra-Short Duration Investment Grade Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Advanced Micro Devices, Inc. | 0.59% |
| Fiserv, Inc. | 0.54% |
| Oracle Corp. | 0.54% |
| VMware LLC | 0.54% |
| Haleon US Capital LLC | 0.53% |
| Siemens Financieringsmaatschappij NV | 0.48% |
| Constellation Energy Generation LLC | 0.48% |
| 7-Eleven, Inc. | 0.46% |
| Otis Worldwide Corp. | 0.44% |
| Waste Management, Inc. | 0.43% |
C000264229 Prospectus and SEC Filings
Official Palmer Square Ultra-Short Duration Investment Grade Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
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Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.