ETF Overview
A passively managed ETF that invests in the AAA and AA debt tranches of the European CLO universe and seeks to replicate the performance, before fees and expenses, of the Palmer Square EUR Senior Debt Index (ticker: ECLOSE), a rules‐based observable pricing and total return indices for CLO debt originated in Europe, original rated AAA, AA or equivalent. It is designed to reflect the risk and return characteristics of a diversified portfolio of CLOs on a long-only and liquid basis.
The Fund is considered a complex product.
Investor Suitability
The Shares of the Fund are intended exclusively for "Advanced Investors", "Professional Investors" and "Eligible Counterparties", each as prescribed in the current European MiFID template (as at the date of the Supplement). The sale of this Fund on the Secondary Market to Retail Investors is not permitted and the Fund shall not be offered to such Retail Investors.
The Palmer Square EUR CLO Senior Debt Index UCITS ETF (PCL0) seeks to track the risk and return characteristics of the Palmer Square EUR CLO Senior Debt Index (ECLOSE).
Listing Date
Aug 7, 2025
Total Net Assets
As of
€52,849,227
Ongoing Charges
As of most recent prospectus
0.25%
Use of Income
Accumulating
ISIN Code
IE000JTHNWF0
Ticker
PCL0
Exchange
XETR, LSE
Benchmark
Palmer Square EUR CLO Senior Debt Index (ECLOSE)
Performance
as of market close Oct 7, 2025
Daily NAV
€50.33
1-Day Change
€-- (--%)
ITD Return*
0.66%
*Inception date is August 5, 2025
Full Investment Holdings
as of Oct 7, 2025
| ISIN | Name | Market Value, € | % of Fund |
|---|---|---|---|
| - | UNITS CLASS 01 SHARES | 0.00 | 0.00% |
| XS2411137289 | OAK HILL EUROPEAN CREDIT PARTNERS V DESIGNATED | 1000000.00 | 1.90% |
| XS3006426756 | AQUEDUCT EUROPEAN CLO 4-2019 DAC 2019-4X ARR | 2495648.26 | 4.76% |
| XS2930113977 | AVOCA CLO XI DAC 11X ARRR FLOATING 15/OCT/2038 | 1501320.44 | 2.86% |
| XS3060203588 | BARINGS EURO CLO 2023-1 DAC 2023-1X AR FLOATING | 1509631.62 | 2.88% |
| XS2315802715 | AVOCA CLO XII DAC 12X B2RR FLOATING 15/APR/2034 | 2003057.01 | 3.82% |
| XS2999655116 | ICG EURO CLO 2023-1 DAC 2023-1X AR FLOATING | 1754673.37 | 3.34% |
| XS3111885185 | ARBOUR CLO XII DAC 12X AR FLOATING 15/JUL/2038 | 1003546.76 | 1.91% |
| XS3168712167 | OCP EURO CLO 2023-7 DAC 2023-7X AR FLOATING | 1000000.00 | 1.89% |
| XS2441620700 | BBAM EUROPEAN CLO III DAC 3X A FLOATING | 2000408.88 | 3.81% |
| XS2044124993 | DRYDEN 48 EURO CLO 2016 DAC 2016-48X A1R FLOATING | 1951629.39 | 3.72% |
| XS2403118875 | FIDELITY GRAND HARBOUR CLO 2021-1 DAC 2021-1X A | 1502250.00 | 2.86% |
| XS2448543111 | AURIUM CLO IX DAC 9X A FLOATING 28/OCT/2034 | 2227753.54 | 4.24% |
| XS2760075304 | PENTA CLO 16 DAC 2024-16X B FLOATING 18/OCT/2036 | 1006543.88 | 1.92% |
| XS2784658887 | ARES EUROPEAN CLO XVIII DAC 18X B1 FLOATING | 1006484.81 | 1.92% |
| XS2809806842 | FERNHILL PARK CLO DAC 1X B FLOATING 15/APR/2037 | 1507585.44 | 2.88% |
| XS2823251959 | TEXAS DEBT CAPITAL EURO CLO 2024-1 DAC 2024-1X A | 1509702.41 | 2.88% |
| XS2874094191 | HENLEY CLO VII DAC 7X AR FLOATING 25/APR/2034 | 500501.78 | 0.95% |
| XS2274528897 | CIFC EUROPEAN FUNDING CLO III DAC 3X A FLOATING | 1001237.95 | 1.91% |
| XS2998762921 | DRYDEN 56 EURO CLO 2017 DAC 2017-56X AR FLOATING | 2007275.91 | 3.88% |
| XS2404665114 | BNPP AM EURO CLO 2019 DAC 2019-1X AR FLOATING | 1096601.52 | 2.09% |
| XS2309832918 | ARBOUR CLO IV DAC 4X ARR FLOATING 15/APR/2034 | 1499351.24 | 2.86% |
| XS2327435066 | CAIRN CLO XIII DAC 2021-13X A FLOATING 20/OCT/2033 | 1496279.37 | 2.85% |
| XS2337312420 | DRYDEN 88 EURO CLO 2020 DAC 2020-88X A FLOATING | 997750.03 | 1.90% |
| XS2362673936 | HAYFIN EMERALD CLO VII DAC 7X B FLOATING | 870070.52 | 1.66% |
| XS2414936281 | HENLEY CLO III DAC 3X AR FLOATING 25/DEC/2035 | 1502442.61 | 2.86% |
| XS2337068253 | CVC CORDATUS LOAN FUND VIII DAC 8X A1RR FLOATING | 998750.02 | 1.90% |
| XS2410157932 | CVC CORDATUS LOAN FUND XVIII DAC 18X AR FLOATING | 1998366.10 | 3.80% |
| XS2338107621 | NORTH WESTERLY VII ESG CLO DAC VII-X A FLOATING | 498875.00 | 0.95% |
| XS2993870208 | PENTA CLO 3 DAC 2017-3X A1RR FLOATING 17/OCT/2038 | 2001939.99 | 3.82% |
| XS2433714222 | BILBAO CLO IV DAC 4X A1 FLOATING 15/APR/2036 | 1001568.72 | 1.91% |
| XS2076108369 | CAIRN CLO XI DAC 2019-11X B FLOATING 15/JUL/2032 | 1501106.85 | 2.86% |
| XS2309452410 | GRIFFITH PARK CLO DAC 1X A1RA FLOATING 21/NOV/2031 | 433191.56 | 0.82% |
| XS2404259801 | AURIUM CLO IV DAC 4X AR FLOATING 16/JAN/2031 | 1522860.49 | 2.90% |
| XS2294714147 | CONTEGO CLO IV DAC 4X ARE FLOATING 23/JAN/2030 | 1488966.23 | 2.83% |
| XS2925021094 | VOYA EURO CLO VIII DAC 8X B FLOATING 15/JAN/2039 | 703958.50 | 1.34% |
| XS2997425470 | SOUND POINT EURO CLO 14 FUNDING DAC 14X A FLOATING | 2002248.13 | 3.85% |
| XS3025330914 | BAIN CAPITAL EURO CLO 2023-1 DAC 2023-1X AR | 1003541.58 | 1.92% |
| - | EURO | 1353324.33 | 2.56% |
| - | MANAGEMENT FEE CL 01 EUR | 0.00 | -0.04% |
Portfolio Management
Angie K. Long, CFA
Chief Investment Officer/Portfolio Manager
Angie Long is Chief Investment Officer and one of two Principal Owners for Palmer Square Capital Management, where she has key responsibilities for all investment-related activities.
With her leadership, the firm has grown Assets Under Management (AUM) to more than $35.9 billion (as of 06/30/2025) and has expanded its global presence, notably with the recent establishment of a London office. She is widely regarded as 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). Additionally, she is one of the architects of the firm’s leadership investment strategy in Collateralized Loan Obligations (CLOs). With more than 91 CLOs issued, including 25 in Europe, Palmer Square is one of only nine CLO managers among 128 with zero downgrades. Additionally, Angie’s vision was behind the firm’s proprietary scoring system to identify and evaluate fund performance in Environmental, Social and Governance (ESG) metrics, with all three European funds ESG compliant.
Angie’s career includes experience at JPMorgan Chase & Co. where she was named a Managing Director at age 29 and held many senior roles including Deputy Head of North American Credit Trading, Head of High Yield Trading, and Head of Credit Derivatives Trading. 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. Angie received an AB degree in Economics from Princeton University and was a member of two National Championship Rugby teams and named an All-American in 1997. Angie has continued her involvement with Princeton as she served on the Women in Leadership Committee of Princeton, founded the Greater Kansas City Princeton Women’s Network (PWN), and is currently serving as Co-Chair for the Princeton Greater Kansas City Region’s Alumni Schools Committee. Angie is a member of the 100 Women in Finance and is a CFA ® charterholder.
Taylor R. Moore, CFA
Managing Director/Portfolio Manager/Head of Structured Credit Trading
Taylor joined Palmer Square in 2013 and is a member of the firm’s structured credit investing team, as well as head of structured credit trading. He is responsible for trading the firms CLO, CMBS, RMBS, and ABS investments.
Prior to joining Palmer Square, Taylor worked at JPMorgan Chase & Co. in New York. Taylor was an integral part of the firm’s North American foreign exchange business serving as Associate Product Controller. In particular, Taylor played a key role in all financial operations and management of JPMorgan’s Forward and Spot foreign exchange trading desks. He began his career at JPMorgan as part of the firm’s Corporate Development Program, a two year selective leadership development program. Prior to JPMorgan Chase & Co., Taylor worked at Frontier Investment Bank, a boutique investment bank based out of Kansas City.
Taylor received a BA in Economics from Cornell University. During his time at Cornell, Taylor was a member of four top ten NCAA Wrestling teams, and traveled to Beijing in 2008 to represent team USA in the FILA Junior World Championships. He is also a CFA® charterholder.