ETF Overview
A passively managed ETF that invests in the AAA and AA debt tranches of the U.S. CLO universe and seeks to replicate the performance, before fees and expenses, of the Palmer Square CLO Senior Debt Index, a proprietary, research-driven, and rules-based index that seeks to define the highest quality and most liquid segments of AAA and AA tranches of the CLO senior debt universe of assets.
Palmer Square CLO Senior Debt ETF (PSQA) seeks to provide investment results that correspond generally to the price and yield (before the Fund’s fees and expenses) of Palmer Square CLO Senior Debt Index.
Inception Date
Sep 11, 2024
Total Net Assets
As of
$55,115,944
Gross Annual Expense Ratio
As of most recent prospectus
0.20%
Net Annual Expense Ratio
As of most recent prospectus
0.20%
CUSIP
696930205
NAV Ticker
PSQAXX
Exchange
NYSE ARCA
Benchmark
Palmer Square CLO Senior Debt Index (CLOSE)
Performance
as of market close Nov 6, 2025
Daily NAV
$20.41
1-Day Change
$-- (--%)
YTD Return
4.87%
Returns
As of Sep 30, 2025
| Metric | 1 Month | 3 Months | YTD | 1 Year | Since Inception* |
|---|---|---|---|---|---|
| NAV | 0.53% | 1.47% | 4.36% | 6.08% | 6.17% |
| Market Value | 0.43% | 1.42% | 4.26% | 5.82% | 6.12% |
| Palmer Square CLO Senior Debt Index (CLOSE) | 0.51% | 1.51% | 4.38% | 6.10% | 6.45% |
| Metric | 1 Month | 3 Months | YTD | 1 Year | Since Inception* |
|---|---|---|---|---|---|
| NAV | 0.44% | 1.42% | 4.82% | 5.81% | 6.11% |
| Market Value | 0.59% | 1.52% | 4.87% | 5.71% | 6.20% |
| Palmer Square CLO Senior Debt Index (CLOSE) | 0.44% | 1.40% | 4.84% | 5.94% | 6.07% |
*Inception Date: 9/11/2024
Returns quoted are past performance and do not guarantee future results; current performance may be lower or higher. Investment returns and principal value will vary; there may be a gain or loss when shares are sold. Returns include reinvestment of dividends and capital gains. Returns greater than one year are annualized. Returns less than one year are cumulative.
Yields as of Sep 30, 2025
30 Day SEC Yield with Waivers
5.34%
Distribution Yield at NAV 12-Month
0.05%
30 Day SEC Yield without Waivers
5.34%
Distribution Frequency
Quarterly
Historical Distributions as of Jun 24, 2025
| Ex Date | Record Date | Payment Date | Ordinary Income | Short Term Capital Gains | Long Term Capital Gains | Return of Capital | Total Distribution | Distribution Summary |
|---|---|---|---|---|---|---|---|---|
| 2024-12-24 | 2024-12-24 | 2024-12-31 | 0.290870 | 0 | 0 | 0 | 0.29087 | |
| 2025-03-25 | 2025-03-25 | 2025-03-31 | 0.208742 | 0 | 0 | 0 | 0.208742 | |
| 2025-06-24 | 2025-06-24 | 2025-06-30 | 0.2299570 | 0 | 0 | 0 | 0.229957 |
Past performance is not indicative of future results. There is no guarantee that the Fund or the companies in its portfolio will pay or continue to pay dividends.
The Fund’s distribution policy is to make quarterly distributions to shareholders. Whether reinvested in additional shares or taken in cash, exchange traded fund shareholders are responsible for taxes on all ordinary income distributions. For federal income tax purposes, the fund’s distributions of net investment income are taxable to shareholders as ordinary income. Additionally, shareholders will not be able to use any capital losses to offset those gains. This data is provided for informational purposes only. Every year in January, shareholders are sent a Form 1099-DIV, which provides the federal tax status of dividends and distributions received during the calendar year. We recommend that shareholders consult their tax advisors for assistance with how this information will impact their specific tax situation.
This general tax information does not constitute, and should not be considered a substitute for, tax or legal advice. The rules governing the proper tax characterization of distributions by exchange traded funds can be complex. Each fund shareholder should consult his or her own tax advisor regarding the proper tax characterization and reporting of the fund’s distributions.
Pricing Data
as of market close Nov 6, 2025
Closing Market Price
$20.42
Bid/Ask Midpoint
$20.43
Day High
$20.44
Day Low
$20.41
Trading Volume (Shares)
2,820
Premium/Discount
0.06%
30-Day Median Bid/Ask Spread
0.15%
Shares Outstanding
As of
2.70M