Palmer Square Absolute Return I

The investment seeks capital appreciation with an emphasis on absolute (positive) returns and low correlation to the broader equity and bond markets.
The fund's investment advisor, seeks to achieve the fund's investment objective by delegating the management of a portion of fund assets to a group of experienced investment managers that utilize a variety of investment strategies and styles (the "Sub-Advisors") as well as managing a portion of the fund's assets directly. The Advisor may from time to time reallocate the fund's assets among itself and the Sub-Advisors. The fund is non-diversified.

Key stats

Management firm  Palmer Square
Domicile  United States
Fund Administrator  Mutual Fund Administration
Global Branding Name  Palmer Square
12 month yield  2.73%
Fund currency  USD
Launch Date  2011-05-17
ISIN  US4614184517
SEDOL  B55R6V3
Manager 1 Name  Angie Long
Manager 2 Name  Christopher Long
Fund Strategy  Multialternative
Benchmark  HFRX Absolute Return USD
Fund Structure  Open Ended Investment Company
UCITS 3 compliant  no

Performance/Volatility

Return Date  2014-10-31
Return - 1 Month  -0.50%
Return - 2 Months  -0.60 %
Return - 3 Months  -0.30%
Return - 6 Months  -0.11 %
Return - 9 months  0.68 %
Return - 12 Months  2.44%
Annualized return 24 months  3.84 %
Annualized return 36 months  2.72 %
Annualized return 48 months  0.00 %
Annualized return 60 months  0.00 %
Return 120 months  0.00 %
Annualized return since Inception  1.03%
Return YTD  1.39%

Ratings

Morning Star Rating Date   2014-10-31
Morning Star Rating - 36 Months  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating
Morning Star Rating - Overall  fund has a 3 star rating fund has a 3 star rating fund has a 3 star rating

Charges

Initial  0.00 %
Minimum Investment  $1,000,000
Maximum Managment Charge  1.35 %
Exit charge  0.00 %
Performance Fee  0.00 %

Contact

Contact Address  Palmer Square Capital Management LLC
Contact Address 2  11300 Tomahawk Creek Parkway, Suite 200
Contact Address 3  Leawood, KS 66211
Contact city  Leawood
Contact country  United States
Fund Admin Group  Palmer Square
Web Address  http://www.palmersquarefunds.com
Custodian  JP Morgan Chase Bank, N.A.
Phone  1-866-933-9033

Price

Last Price Date  2014-11-20
Pre-tax nav  9.98
Pre-tax offer  0.00
Pre-tax bid  0.00
Pre-tax mid  0.00
Post-tax nav  0.00
Post-tax offer  0.00
Post-tax bid  0.00
Price change  $0.00
Price change (percentage)  0.00 %
Guaranteed NAV  0.00000
Close Price  0.00

Funds Disclaimer

© 2011 - Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed (save (i) as incidentally necessary in the course of viewing it on-line (ii) in the course of printing off single copies of web pages on which it appears for the use of those authorised to view it on-line), or adapted in any way (3) is not warranted to be accurate, complete or timely. This Morningstar-sourced information is provided to you by GFM Ltd and is at your own risk. You agree that Morningstar and or GFM Ltd are not responsible for any damages or losses arising from any use of this information and that the information must not be relied upon by you the user without appropriate verification. GFM Ltd informs you as follows: (i) The information provided should not form the sole basis of any investment decision (ii) no investment decision should be made in relation to any of the information provided other than on the advice of a professional financial advisor; (iii) past performance is no guarantee of future results; and (iv) the value and income derived from investments can go down as well as up.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

Ratings Disclaimer

© 2010 - 2011 Morningstar UK Limited. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
For fund additions and/or data corrections please contact dataquestions@morningstar.com

All our data is licensed from Morningstar UK Ltd. Important legal information