PSYPX: Palmer Square Income Plus Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.09

-

1.50%

$0.15

0.85%

Vitals

YTD Return

0.5%

1 yr return

3.2%

3 Yr Avg Return

3.1%

5 Yr Avg Return

3.5%

Net Assets

$889 M

Holdings in Top 10

16.8%

52 WEEK LOW AND HIGH

$10.09
$9.88
$10.10

Expenses

OPERATING FEES

Expense Ratio 0.85%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 167.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$250,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Ultrashort Bond


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$10.09

-

1.50%

$0.15

0.85%

PSYPX - Profile

Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 3.1%
  • 5 Yr Annualized Total Return 3.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.60%
DIVIDENDS
  • Dividend Yield 1.5%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Palmer Square Income Plus Fund
  • Fund Family Name
    Palmer Square
  • Inception Date
    Feb 28, 2014
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Angie Long

Fund Description

Under normal circumstances, the fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities. It may invest up to 30% of its net assets in high yield securities - securities rated below investment grade that generally have higher yields and higher risks than investment grade securities. The fund may invest in debt securities of any maturity and credit quality. Under normal market conditions, the advisor expects that the fund will invest primarily in securities rated investment grade at time of purchase.


PSYPX - Performance

Return Ranking - Trailing

Period PSYPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.5% 1.6% 5.00%
1 Yr 3.2% -0.9% 10.4% 2.92%
3 Yr 3.1%* -0.3% 3.3% 1.32%
5 Yr 3.5%* 0.5% 4.4% 2.50%
10 Yr N/A* 0.0% 3.5% N/A

* Annualized

Return Ranking - Calendar

Period PSYPX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -3.1% 1.8% 1.73%
2019 2.1% -1.2% 6.1% 3.70%
2018 -1.6% -9.4% 0.4% 92.63%
2017 1.4% -2.0% 100.0% 5.81%
2016 0.7% -1.4% 900.0% 10.81%

Total Return Ranking - Trailing

Period PSYPX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -1.5% 1.8% 5.00%
1 Yr 3.2% -5.0% 10.4% 2.92%
3 Yr 3.1%* -0.3% 3.3% 1.32%
5 Yr 3.5%* 0.4% 4.4% 2.50%
10 Yr N/A* 0.0% 3.5% N/A

* Annualized

Total Return Ranking - Calendar

Period PSYPX Return Category Return Low Category Return High Rank in Category (%)
2020 1.4% -3.1% 1.8% 1.73%
2019 2.1% -1.2% 6.1% 3.70%
2018 -1.6% -51.1% 2.0% 93.16%
2017 1.4% -2.0% 6.1% 10.47%
2016 0.7% -1.4% 900.0% 20.27%

NAV & Total Return History


PSYPX - Holdings

Concentration Analysis

PSYPX Category Low Category High PSYPX % Rank
Net Assets 889 M 24.6 K 21 B 53.04%
Number of Holdings 515 1 3082 26.32%
Net Assets in Top 10 45.4 M -120 M 10.2 B 72.47%
Weighting of Top 10 16.75% 0.1% 100.0% 54.51%

Top 10 Holdings

  1. United States Treasury Notes 1.13% 7.11%
  2. Federated Hermes Treasury Obl Automated 3.72%
  3. United States Treasury Bills 0% 3.70%
  4. United States Treasury Bills 0% 3.08%
  5. United States Treasury Notes 1.25% 1.83%
  6. United States Treasury Bills 0% 1.77%
  7. United States Treasury Bills 0% 1.73%
  8. United States Treasury Bills 0% 1.70%
  9. United States Treasury Bills 0% 1.67%
  10. United States Treasury Bills 0% 1.67%

Asset Allocation

Weighting Return Low Return High PSYPX % Rank
Bonds
75.84% 0.00% 100.28% 56.28%
Cash
20.40% -3.94% 100.00% 49.39%
Other
2.92% -12.65% 14.34% 7.69%
Convertible Bonds
0.83% 0.00% 14.76% 65.18%
Stocks
0.01% 0.00% 17.00% 9.72%
Preferred Stocks
0.00% 0.00% 0.00% 59.51%

Stock Sector Breakdown

Weighting Return Low Return High PSYPX % Rank
Utilities
0.00% 0.00% 2.49% 100.00%
Technology
0.00% 0.00% 25.02% 94.12%
Real Estate
0.00% 0.00% 2.62% 5.88%
Industrials
0.00% 0.00% 8.53% 94.12%
Healthcare
0.00% 0.00% 100.00% 94.12%
Financial Services
0.00% 0.00% 100.00% 94.12%
Energy
0.00% 0.00% 100.00% 41.18%
Communication Services
0.00% 0.00% 11.92% 94.12%
Consumer Defense
0.00% 0.00% 100.00% 94.12%
Consumer Cyclical
0.00% 0.00% 11.68% 94.12%
Basic Materials
0.00% 0.00% 14.40% 94.12%

Stock Geographic Breakdown

Weighting Return Low Return High PSYPX % Rank
US
0.01% 0.00% 17.00% 8.91%
Non US
0.00% 0.00% 0.16% 61.94%

Bond Sector Breakdown

Weighting Return Low Return High PSYPX % Rank
Securitized
47.13% 0.00% 96.89% 27.13%
Corporate
33.89% 0.00% 99.56% 55.47%
Cash & Equivalents
18.96% 0.00% 100.00% 46.96%
Derivative
0.02% 0.00% 24.63% 6.48%
Municipal
0.00% 0.00% 67.39% 78.95%
Government
0.00% 0.00% 100.00% 86.23%

Bond Geographic Breakdown

Weighting Return Low Return High PSYPX % Rank
US
45.18% 0.00% 100.00% 72.87%
Non US
30.66% 0.00% 78.37% 5.26%

PSYPX - Expenses

Operational Fees

PSYPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.85% 0.03% 1.60% 8.61%
Management Fee 0.49% 0.00% 1.19% 94.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.40% 37.88%

Sales Fees

PSYPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 3.75% N/A
Deferred Load N/A 0.25% 5.00% N/A

Trading Fees

PSYPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% 20.00%

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PSYPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 167.00% 0.00% 326.00% 97.39%

PSYPX - Distributions

Dividend Yield Analysis

PSYPX Category Low Category High PSYPX % Rank
Dividend Yield 1.50% 0.00% 0.33% 65.59%

Dividend Distribution Analysis

PSYPX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

PSYPX Category Low Category High PSYPX % Rank
Net Income Ratio 1.60% -0.20% 2.83% 27.50%

Capital Gain Distribution Analysis

PSYPX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Daily Annually

Dividend Payout History

View More +

PSYPX - Fund Manager Analysis

Managers

Angie Long


Start Date

Tenure

Tenure Rank

Feb 28, 2014

7.51

7.5%

Angie Knighton Long, Chief Investment Officer, has ultimate responsibilities for all investment-related activities at Palmer Square inclusive of approximately $9.5 billion in assets (as of 6/30/2019) and a platform that includes private funds, mutual funds, and separately managed accounts. Under Angie’s leadership, Palmer Square is also a well-known issuer and pioneer within the structured credit and CLO arena. Prior to joining Palmer Square, Angie worked for JPMorgan Chase & Co. in New York for 13 years. Angie held many senior roles including Deputy Head of North American Credit Trading, Head of High Yield Trading, and Head of Credit Derivatives Trading. Angie has been a trader of many products including high yield bonds, high yield credit derivatives, distressed debt, capital structure arbitrage, and structured credit. In addition, she worked with the Global Head of Credit Trading to help oversee risk management for the High Yield and High Grade credit trading books. Named a Managing Director at age 29, Angie is considered a pioneer in the Credit Derivatives industry and is credited with creating the HYDI (High Yield Debt Index), the first liquid credit trading index and predecessor to all of today’s indices (the Markit CDX). Angie received an AB degree in Economics from Princeton University and is a CFA ® charterholder. During her years at Princeton, Angie was a member of two National Championship Rugby Teams and was selected as an All-American in 1997. Angie also founded the Greater Kansas City Princeton Women’s Network (PWN) and is the Co-Chair for the Greater Kansas City Region’s Alumni Schools Committee effort for Princeton. Angie was also formerly on the Women In Leadership committee of Princeton University (WIL). Angie is also a member of the 100 Women in Finance.

Christopher Long


Start Date

Tenure

Tenure Rank

Feb 28, 2014

7.51

7.5%

Mr. Christopher Long is the Founder and serves as Chief Executive Officer, President and Portfolio Manager at Palmer Square Capital Management. Since inception, Chris has been successful in not only building a highly-experienced investment team, but also an integrated credit investment platform that manages mutual fund offerings, private funds and separately managed accounts. The firm has a client list that spans not only institutions and family offices, but also RIAs, bank/trust, and broker-dealers. Chris's previous work experience includes key investment roles at Prairie Capital and Sandell Asset Management as well as working at Morgan Stanley in the Credit Derivatives and Distressed Securities Group focused on the firm's proprietary investments. Before Morgan Stanley, he worked at TH Lee Putnam Ventures, a private equity fund sponsored by Thomas H Lee Partners and Putnam Investments. In that role, he also served on the Board of Directors of Avero, Inc. and was a Board Observer for Parago, Inc. He started his career at JPMorgan & Co. in Leveraged Finance and Mergers & Acquisitions (FIG Group) advising corporations and private equity firms on investment banking and capital markets. He received an MBA degree from the Harvard Business School and an AB degree in Economics cum laude from Princeton University. Chris's community involvement includes serving as an Investment Committee member of the Nelson-Atkins Museum of Art, Board Member of the Children's Mercy Hospital Foundation, Trustee for the St. Paul's Episcopal Day School, Co-Class Agent for Princeton University, Social Chair for the Princeton Club of Greater Kansas City, and Alumni Mentor for the Princeton University Bendheim Center for Finance Mentorship Program. Chris is also a member of the Young Presidents Organization (YPO) and the Economic Club of Kansas City. Formerly, Chris was also appointed by Kansas Governor Sam Brownback and unanimously approved by the Senate to two terms as a Trustee for the Kansas Public Employees Retirement System (KPERS). Chris also formerly served as the Treasurer for the City of Mission Hills, KS (appointed by Mayor David Fromm of Mission Hills, KS). Finally, Chris was formerly a Member of the Children's Mercy Hospitals Leadership Circle of Care Committee, Kansas University's Finance Department Advisory Board, Treasurer for the Harvard-Radcliffe Club of Kansas City, Investment Committee Member for the Foundation of the University of Missouri-Kansas City and Member of the Major Gifts Committee - Harvard Business School. Finally, Chris was selected as a Finalist for the 2016 Ernst & Young Entrepreneur of the Year Award for the Central Midwest Region and to participate in the Civic Council of Greater Kansas City's KC Tomorrow (2007-2008 Class). He was awarded Ingram Magazine's 40 Under 40 award, the Kansas City Business Journal's Class of 2015 NextGen Leaders award, and KC Business Magazine's Rising Star Award.

Jonathan Brager


Start Date

Tenure

Tenure Rank

Oct 01, 2019

1.92

1.9%

Jonathan R. Brager, CFA, is an Executive Director/Senior Credit Analyst and Portfolio Manager with key responsibilities for the Advisor’s long/short corporate credit and CLO strategies. In his role, Mr. Brager conducts fundamental credit research, generates investment ideas and assists in the portfolio management of opportunistic credit products. Prior to joining Palmer Square in May 2015, Mr. Brager was a Senior Analyst at Hermes Investment Management, a London-based asset manager, since October 2012. At Hermes, Mr. Brager’s focus was credit research coverage of the auto, basic material, and industrial sectors. Before that, Mr. Brager was a portfolio manager at BCM & Partners, LLP from November 2008 to September 2012, having spent several years before that as a credit analyst at BCM and LNG Capital, LLP. Mr. Brager started his career as a systems engineer at Lockheed Martin Missiles & Fire Control in Dallas. Mr. Brager earned an MBA from London Business School, a Master’s degree in Economics as well as Bachelor's degrees in Mathematics and Management Science from Southern Methodist University. He is also a CFA® charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.06 31.69 5.84 3.42