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Palmer Square Income Plus PSYPX

Quantitative rating as of
  • NAV / 1-Day Return 9.79  /  0.00
  • Total Assets 917.0 Mil
  • Adj. Expense Ratio
    0.750%
  • Expense Ratio 0.750%
  • Distribution Fee Level High
  • Share Class Type Institutional
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 250,000
  • Status Open
  • TTM Yield 3.23%
  • Effective Duration 0.41 years

Morningstar’s Analysis PSYPX

Will PSYPX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Summary

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A drop in its Process Pillar rating is the primary driver of Palmer Square Income Plus's downgrade to a Morningstar Quantitative Rating of Negative from Neutral. 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.

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