PSDSX Performance — Palmer Square Ultra-Short Duration Investment Grade Fund
Data updated: 2025-11-26
PSDSX returned +4.86% over one year to Sep 2025. Annualised returns are +5.39% over 3 years and +3.04% over 5 years. The fund trailed its Trading - Leveraged category average: $100 invested three years ago grew to $117, against $177 for the category, and to $105 over one year, against $134. Volatility over the past three years was 0.53% a year. In the 12 months to Sep 2025 the fund took in a net $14.0M, and assets reached $71.21M.
PSDSX Growth of $100
What $100 invested in Palmer Square Ultra-Short Duration Investment Grade Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Trading - Leveraged category average over the same months.
| Period | PSDSX | Category average |
|---|---|---|
| 1 year (Oct 2024 – Sep 2025) | $105 | $134 |
| 3 years (Oct 2022 – Sep 2025) | $117 | $177 |
| 5 years (Oct 2020 – Sep 2025) | $116 | $170 |
| Since data start (Jan 2020 – Sep 2025) | $118 | $157 |
PSDSX Trailing Returns
Total returns to Sep 2025, from SEC N-PORT.
| Period | Total return |
|---|---|
| 1 year | +4.86% |
| 3 years (annualised) | +5.39% |
| 5 years (annualised) | +3.04% |
PSDSX Annual Returns
Calendar-year total returns of Palmer Square Ultra-Short Duration Investment Grade Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2025 (Jan–Sep) | +3.56% |
| 2024 | +5.85% |
| 2023 | +5.81% |
| 2022 | −0.28% |
| 2021 | +0.05% |
| 2020 | +1.59% |
PSDSX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | +0.5% | +0.4% | +0.3% | +0.4% | +0.5% | +0.4% | +0.4% | +0.4% | +0.4% | — | — | — |
| 2024 | +0.6% | +0.4% | +0.5% | +0.5% | +0.5% | +0.4% | +0.6% | +0.5% | +0.5% | +0.4% | +0.5% | +0.4% |
| 2023 | +0.7% | +0.2% | +0.4% | +0.3% | +0.5% | +0.6% | +0.6% | +0.5% | +0.5% | +0.4% | +0.6% | +0.6% |
| 2022 | −0.1% | −0.2% | −0.2% | −0.2% | −0.3% | −0.3% | +0.2% | +0.4% | −0.5% | −0.2% | +0.6% | +0.5% |
| 2021 | 0.0% | 0.0% | 0.0% | 0.0% | +0.1% | −0.1% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
| 2020 | +0.3% | +0.2% | −2.2% | +1.4% | +0.7% | +0.3% | +0.2% | +0.2% | 0.0% | 0.0% | +0.1% | +0.2% |
PSDSX Risk
Risk measures from monthly returns over Oct 2022 – Sep 2025.
- 3-year volatility (annualised): 0.53%
- 3-year Sharpe ratio: 1.69 (vs 4.5% risk-free rate)
- Best month: +0.71% (Jan 2023)
- Worst month: −0.15% (Oct 2022)
PSDSX Fund Flows
Monthly money in and out of Palmer Square Ultra-Short Duration Investment Grade Fund, from SEC Form N-PORT.
- 12-month net flow: $14.0M
- 12-month gross sales (incl. reinvestments): $60.2M
- Sales ÷ redemptions: 1.30×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Sep 2025 | $6.0M | $816K | $5.2M |
| Aug 2025 | $302K | $2.9M | −$2.6M |
| Jul 2025 | $445K | $1.5M | −$1.1M |
| Jun 2025 | $9.6M | $3.4M | $6.2M |
| May 2025 | $1.2M | $3.7M | −$2.5M |
| Apr 2025 | $1.8M | $2.1M | −$352K |
| Mar 2025 | $11.5M | $7.4M | $4.1M |
| Feb 2025 | $16.7M | $691K | $16.0M |
| Jan 2025 | $1.7M | $1.4M | $293K |
| Dec 2024 | $9.1M | $6.6M | $2.5M |
| Nov 2024 | $420K | $670K | −$249K |
| Oct 2024 | $1.4M | $14.9M | −$13.5M |
PSDSX Assets Under Management
Net assets of Palmer Square Ultra-Short Duration Investment Grade Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2025-09-30 | $71.21M |
| 2025-06-30 | $69.58M |
| 2025-03-31 | $66.21M |
| 2024-12-31 | $45.82M |
| 2024-09-30 | $57.12M |
| 2024-06-30 | $85.92M |
| 2024-03-31 | $85.09M |
| 2023-12-31 | $61.89M |
| 2023-09-30 | $75.04M |
| 2023-06-30 | $80.92M |
| 2023-03-31 | $84.56M |
| 2022-12-31 | $59.24M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.