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About Palmer Square CLO Senior Debt ETF
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Inception date
Sep 11, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Palmer Square Capital Management LLC
Distributor
Foreside Fund Services LLC
ISIN
US6969302057
PSQA focuses on the senior tranches of arbitrage collateralized loan obligations (CLOs). The fund tracks an index that invests in floating rate, USD-denominated arbitrage CLOs collateralized by broadly syndicated loans rated at the time of issuance as AAA or AA by at least one of the major rating agencies or an equivalent rating as determined by the index provider. Eligible CLO senior debts must have a minimum size of $500 million, closing dates on or after January 1, 2009, and are managed by managers with at least three outstanding CLOs. The index excludes CLOs with a diversity score of less than 45, as provided by Moodys, based on the diversification of the underlying loan assets. Middle-market CLOs, fixed-rate, revolver, combo or step-up notes, asset-backed CDOs, emerging market CLOs, and balance sheet CLOs are also excluded. There is no limit to the number of index constituents, and individual weightings are based on market value. The index rebalances quarterly.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized94.33%
Mutual fund9.21%
Corporate1.52%
Cash−5.06%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PSQA invests in bonds. The fund's major sectors are Securitized, with 94.33% stocks, and Corporate, with 1.52% of the basket. The assets are mostly located in the N/A region.
PSQA last dividends amounted to 0.23 USD. The year before, the issuer paid 0.21 USD in dividends, which shows a 9.23% increase.
PSQA assets under management is 45.12 M USD. It's risen 15.94% over the last month.
PSQA fund flows account for 34.96 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PSQA pays dividends to its holders with the dividend yield of 4.74%. The last dividend (Jun 30, 2025) amounted to 0.23 USD. The dividends are paid annually.
PSQA shares are issued by Palmer Square Holdings LLC under the brand Palmer Square. The ETF was launched on Sep 11, 2024, and its management style is Passive.
PSQA expense ratio is 0.20% meaning you'd have to pay 0.20% of your investment to help manage the fund.
PSQA follows the Palmer Square CLO Senior Debt. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PSQA invests in bonds.
PSQA price has risen by 0.54% over the last month, and its yearly performance shows a 2.08% increase. See more dynamics on PSQA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.43% increase in three-month performance and has increased by 4.19% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.52% over the last month, showed a 1.43% increase in three-month performance and has increased by 4.19% in a year.
PSQA trades at a premium (0.01%) meaning the ETF is trading at a higher price than the calculated NAV.