Opportunistic Income Fund (PSOIX)

Ticker

PSOIX

Fund Inception Date

8/29/2014

Advisors must obtain approval to purchase the Fund.

Please contact Palmer Square at investorrelations@palmersquarecap.com or 816.994.3200 for more information.

Documents

PSOIX Fact Sheet PSOIX Quarterly Letter PSOIX Prospectus PSOIX Statement of Additional Information PSOIX Annual Report PSOIX Semi-Annual Report Schedule of Investments 10.31.22 Schedule of Investments 4.30.22 Schedule of Investments 10.31.2021 Schedule of Investments 4.30.2021 Repurchase Offer Period Schedule

The Palmer Square Opportunistic Income Fund is distributed by Foreside Fund Services LLC.

The Palmer Square Income Plus Fund and Palmer Square Ultra-Short Duration Investment Grade Fund are distributed by IMST Distributors, LLC. The Palmer Square Opportunistic Fund is distributed by Foreside Fund Services, LLC.

You should consider the Funds’ investment objectives, risks, charges and expenses carefully before investing. For a prospectus, or summary prospectus, that contains this and other information about the Funds, call 866-933-9033 or visit our website at www.palmersquarefunds.com. Please read the prospectus, or summary prospectus carefully before investing.

Investing involves risk including loss of principal. The risks of an investment in a collateralized debt obligation depend largely on the type of the collateral securities and the class of the debt obligation in which the Fund invests. Collateralized debt obligations are generally subject to credit, interest rate, valuation, prepayment and extension risks.