ETF Overview
A passively managed ETF that seeks to generate attractive yield as well as total return through a flexible mandate that will be allocated across a diverse mix of relative value credit opportunities within CLOs, corporate credit, asset-backed securities, and bank loans.
Palmer Square Credit Opportunities ETF (PSQO) seeks a high level of current income. As a secondary objective, the Fund seeks long-term capital appreciation.
Inception Date
Sep 11, 2024
Total Net Assets
As of
$80,417,362
Gross Annual Expense Ratio
As of most recent prospectus
0.50%
Net Annual Expense Ratio
As of most recent prospectus
0.50%
CUSIP
696930106
NAV Ticker
PSQOXX
Exchange
NYSE ARCA
Benchmark
Bloomberg U.S. Corporate 1 - 3 Year Index
Performance
as of market close Aug 6, 2025
Daily NAV
$20.62
1-Day Change
$0.01 (0.05%)
YTD Return
4.23%
Returns
As of Jun 30, 2025
Quarter-End
Type |
Q2 2025* | YTD | Inception* |
|---|---|---|---|
| NAV | 2.10% | 3.58% | 5.77% |
| Market Price | 1.84% | 3.53% | 5.77% |
| Bloomberg U.S. Corporate 1-3 Year Index | 1.49% | 3.13% | 3.65% |
*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 Jul 31, 2025
30 Day SEC Yield with Waivers
5.59%
Distribution Yield at NAV 12-Month
--
30 Day SEC Yield without Waivers
5.59%
Distribution Frequency
Quarterly
Pricing Data
as of market close Aug 6, 2025
Closing Market Price
$20.61
Bid/Ask Midpoint
$20.62
Day High
$20.63
Day Low
$20.60
Trading Volume (Shares)
13,023
Premium/Discount
0.00%
30-Day Median Bid/Ask Spread
0.10%
Shares Outstanding
As of
3.90M
Portfolio
As of 06/30/2025. Fund holdings are subject to change at any time and should not be considered a recommendation to buy or sell any security.
Asset Allocation
Total may not add up to 100% due to rounding.
Full Investment Holdings
as of Aug 6, 2025
| Ticker | Name | Description | CUSIP | Shares | % of Fund |
|---|---|---|---|---|---|
| - | POST CLO VI LTD FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 73742WAA7 | 500,000 | 0.64% |
| - | PORSCHE 4.6% 12/27 | ASSET BACKED | 73329KAB2 | 45,000 | 0.06% |
| - | OAKTREE CLO FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 67402NAE2 | 1,000,000 | 1.24% |
| - | OAKTREE CLO FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 67402LAW6 | 1,000,000 | 1.24% |
| - | OAKTREE CLO FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 67401QAL0 | 1,000,000 | 1.25% |
| - | OHA CREDIT FLT 04/37 | CDO/COLLATERALIZED DEBT OBLIGATION | 67110BAJ0 | 500,000 | 0.63% |
| - | NISSAN AUTO 5.05% 06/27 | ASSET BACKED | 65481DAB8 | 140,615 | 0.18% |
| - | NEW MOUNTAIN FLT 03/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 64754PAE8 | 450,000 | 0.58% |
| - | NEUBERGER FLT 07/39 | CDO/COLLATERALIZED DEBT OBLIGATION | 64135XAG6 | 1,000,000 | 1.24% |
| - | NEUBERGER FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 64135FAN0 | 1,000,000 | 1.25% |
| - | NEUBERGER FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 64134GAL3 | 500,000 | 0.62% |
| - | NEUBERGER FLT 04/33 | CDO/COLLATERALIZED DEBT OBLIGATION | 64133KAW1 | 973,086 | 1.21% |
| - | NEUBERGER FLT 04/33 | CDO/COLLATERALIZED DEBT OBLIGATION | 64133JAQ7 | 250,000 | 0.31% |
| - | NEUBERGER FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 64131CAG6 | 250,000 | 0.32% |
| - | MORGAN STANLEY FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 617934AU8 | 1,000,000 | 1.25% |
| - | MERCEDES-BENZ 5.32% 01/28 | ASSET BACKED | 58770JAD6 | 750,000 | 0.94% |
| - | MERCEDES-BENZ 4.74% 01/27 | ASSET BACKED | 58768RAC4 | 55,360 | 0.07% |
| - | MENLO CLO I LTD FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 586915AG5 | 500,000 | 0.62% |
| - | MENLO CLO I LTD FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 586915AA8 | 500,000 | 0.62% |
| - | LCM 26 LTD 26A FLT 01/31 | CDO/COLLATERALIZED DEBT OBLIGATION | 50200FAC3 | 6,527 | 0.01% |
| - | LCM XIV LP 14A FLT 07/31 | CDO/COLLATERALIZED DEBT OBLIGATION | 50184VAR5 | 6,030 | 0.01% |
| - | KUBOTA CREDIT 4.48% 04/28 | ASSET BACKED | 50117LAB4 | 75,000 | 0.09% |
| - | JOHN DEERE 4.23% 03/28 | ASSET BACKED | 47800DAB0 | 50,000 | 0.06% |
| - | JOHN DEERE 5.09% 06/27 | ASSET BACKED | 47800BAC2 | 45,172 | 0.06% |
| - | INVESCO US CLO FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 46151RAJ9 | 1,000,000 | 1.24% |
| - | INVESCO US CLO FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 46147LAE0 | 250,000 | 0.32% |
| - | HYUNDAI AUTO 4.45% 08/28 | ASSET BACKED | 44935XAB1 | 80,000 | 0.10% |
| - | HYUNDAI AUTO 4.37% 01/28 | ASSET BACKED | 44935GAB8 | 240,000 | 0.30% |
| - | HYUNDAI AUTO 4.58% 09/27 | ASSET BACKED | 44935DAB5 | 70,000 | 0.09% |
| - | HYUNDAI AUTO 4.33% 12/27 | ASSET BACKED | 44935CAB7 | 170,000 | 0.21% |
| - | HYUNDAI AUTO 5.54% 10/28 | ASSET BACKED | 44918CAD4 | 155,000 | 0.19% |
| - | HYUNDAI AUTO 5.15% 06/26 | ASSET BACKED | 448988AB1 | 13,632 | 0.02% |
| - | HIGHBRIDGE LOAN FLT 10/30 | CDO/COLLATERALIZED DEBT OBLIGATION | 44331DAY5 | 500,000 | 0.62% |
| - | HONDA AUTO 5.3% 12/29 | ASSET BACKED | 43815QAD9 | 108,000 | 0.14% |
| - | HONDA AUTO 5.41% 02/28 | ASSET BACKED | 43815QAC1 | 298,329 | 0.37% |
| - | HONDA AUTO 4.3% 01/28 | ASSET BACKED | 437921AB5 | 65,000 | 0.08% |
| - | HARLEY-DAVIDS 5.37% 03/29 | ASSET BACKED | 412922AC0 | 60,000 | 0.08% |
| - | GOLUB CAPITAL FLT 07/35 | CDO/COLLATERALIZED DEBT OBLIGATION | 381929AN8 | 2,000,000 | 2.49% |
| - | GM FINANCIAL 4.29% 01/27 | ASSET BACKED | 38012QAB4 | 72,612 | 0.09% |
| - | GM FINANCIAL 4.17% 08/28 | ASSET BACKED | 379965AD8 | 165,000 | 0.21% |
| - | GM FINANCIAL 4.19% 10/27 | ASSET BACKED | 379965AB2 | 100,000 | 0.12% |
| - | GM FINANCIAL 4.55% 07/27 | ASSET BACKED | 362962AB8 | 50,000 | 0.06% |
| - | GM FINANCIAL 5.43% 09/26 | ASSET BACKED | 36269WAB5 | 47,493 | 0.06% |
| - | GM FINANCIAL 5.09% 03/27 | ASSET BACKED | 36269FAD8 | 133,000 | 0.17% |
| - | GM FINANCIAL 3.1% 02/27 | ASSET BACKED | 362585AC5 | 54,362 | 0.07% |
| - | GM FINANCIAL 4.47% 02/28 | ASSET BACKED | 362583AD8 | 65,421 | 0.08% |
| - | GM FINANCIAL 4.4% 02/28 | ASSET BACKED | 362549AB3 | 30,000 | 0.04% |
| - | GM FINANCIAL 5.05% 07/26 | ASSET BACKED | 362548AD1 | 12,136 | 0.02% |
| - | GS MORTGAGE 2.954% 11/34 | COMMERCIAL MORTGAGE BACKED SECURITIES | 36192RAA0 | 240,431 | 0.26% |
| - | FORD CREDIT 4.92% 05/28 | ASSET BACKED | 34528QHV9 | 145,000 | 0.18% |
| - | EMPOWER CLO FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29244NAE4 | 250,000 | 0.32% |
| - | EMPOWER CLO FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29244CAQ1 | 1,000,000 | 1.28% |
| - | ELMWOOD CLO 14 FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29003WAL9 | 1,500,000 | 1.87% |
| - | ELMWOOD CLO IX FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29003UAQ2 | 1,000,000 | 1.24% |
| - | ELMWOOD CLO FLT 04/37 | CDO/COLLATERALIZED DEBT OBLIGATION | 29003EAS4 | 800,000 | 1.00% |
| - | ELMWOOD CLO X FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29002VBC1 | 1,000,000 | 1.25% |
| - | ELMWOOD CLO X FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 29002VAW8 | 1,000,000 | 1.25% |
| - | EATON VANCE CLO FLT 01/34 | CDO/COLLATERALIZED DEBT OBLIGATION | 27830CAJ1 | 1,200,000 | 1.49% |
| - | EATON VANCE CLO FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 27830BCG7 | 1,000,000 | 1.25% |
| - | EATON VANCE CLO FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 27830BBY9 | 1,000,000 | 1.24% |
| - | DRYDEN 30 FLT 11/28 | CDO/COLLATERALIZED DEBT OBLIGATION | 26249BAW1 | 500,000 | 0.62% |
| - | DRYDEN 80 CLO FLT 01/33 | CDO/COLLATERALIZED DEBT OBLIGATION | 26245JAW8 | 475,000 | 0.58% |
| - | DRYDEN 45 FLT 10/30 | CDO/COLLATERALIZED DEBT OBLIGATION | 26244MBE1 | 625,000 | 0.78% |
| - | DRYDEN 45 FLT 10/30 | CDO/COLLATERALIZED DEBT OBLIGATION | 26244MAW2 | 217,595 | 0.27% |
| - | DISCOVER CARD 4.31% 03/28 | ASSET BACKED | 254683CY9 | 130,000 | 0.16% |
| - | DISCOVER CARD 5.03% 10/27 | ASSET BACKED | 254683CX1 | 110,000 | 0.14% |
| - | DELL 5.65% 09/28 | ASSET BACKED | 24702HAE3 | 32,295 | 0.04% |
| - | DLLAA 2023-1 5.64% 02/28 | ASSET BACKED | 23292HAC5 | 535,000 | 0.67% |
| - | CITIZENS AUTO 5.11% 04/28 | ASSET BACKED | 17331QAD8 | 724,000 | 0.91% |
| - | CITIBANK 5.23% 12/27 | ASSET BACKED | 17305EGW9 | 170,000 | 0.21% |
| - | CIFC FUNDING FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 17181NAC8 | 500,000 | 0.62% |
| - | CHASE AUTO 4.4% 11/27 | ASSET BACKED | 16144QAB1 | 41,965 | 0.05% |
| - | EFS COGEN HOLDINGS I LLC | CORPORATE BONDS | 935598 | 199,295 | 0.25% |
| - | AMYNTA AGENCY BORROWER I | CORPORATE BONDS | 934146 | 149,624 | 0.19% |
| - | CROSS FINANCIAL CORP | CORPORATE BONDS | 933835 | 99,500 | 0.12% |
| - | LSF12 CROWN US COMMERCIA | CORPORATE BONDS | 933417 | 100,000 | 0.13% |
| - | EPIC CRUDE SERVICES LP | CORPORATE BONDS | 931550 | 93,083 | 0.12% |
| - | ASTORIA ENERGY LLC | CORPORATE BONDS | 925716 | 146,667 | 0.18% |
| - | INCEPTION FINCO S.A.R.L | CORPORATE BONDS | 925468 | 200,000 | 0.25% |
| - | APOLLO COMMERCIAL REAL E | CORPORATE BONDS | 924933 | 200,000 | 0.25% |
| - | ACRISURE, LLC | CORPORATE BONDS | 924910 | 200,000 | 0.25% |
| - | FUGUE FINANCE B.V. | CORPORATE BONDS | 924872 | 200,000 | 0.25% |
| - | QUARTZ ACQUIRECO, LLC | CORPORATE BONDS | 901239 | 199,492 | 0.25% |
| - | FINANCIERE MENDEL SAS | CORPORATE BONDS | 899625 | 199,499 | 0.25% |
| - | EDGEWATER GENERATION L.L | CORPORATE BONDS | 898241 | 96,670 | 0.12% |
| - | QUIKRETE HOLDINGS, INC | CORPORATE BONDS | 895671 | 99,750 | 0.12% |
| - | MICHAEL BAKER INTERNATIO | CORPORATE BONDS | 895287 | 99,251 | 0.12% |
| - | BOXER PARENT COMPANY INC | CORPORATE BONDS | 895280 | 99,750 | 0.12% |
| - | ONEDIGITAL BORROWER LLC | CORPORATE BONDS | 894872 | 99,000 | 0.12% |
| - | HUB INTERNATIONAL LIMITED | CORPORATE BONDS | 893868 | 84,718 | 0.11% |
| - | MKS INSTRUMENTS, INC. | CORPORATE BONDS | 893736 | 183,306 | 0.23% |
| - | AMERICAN AIRLINES, INC. | CORPORATE BONDS | 885918 | 98,980 | 0.12% |
| - | RENAISSANCE HOLDING CORP | CORPORATE BONDS | 884695 | 98,995 | 0.11% |
| - | PHOENIX GUARANTOR INC | CORPORATE BONDS | 884688 | 249,372 | 0.31% |
| - | INSTALLED BUILDING PRODU | CORPORATE BONDS | 881929 | 99,246 | 0.12% |
| - | GRINDING MEDIA INC | CORPORATE BONDS | 881805 | 99,250 | 0.12% |
| - | GUGGENHEIM PARTNERS INVE | CORPORATE BONDS | 881519 | 99,500 | 0.12% |
| - | HYPERION REFINANCE S.A.R | CORPORATE BONDS | 881215 | 99,250 | 0.12% |
| - | PROJECT ALPHA INTERMEDIA | CORPORATE BONDS | 880397 | 99,749 | 0.12% |
| - | HUDSON RIVER TRADING LLC | CORPORATE BONDS | 876743 | 98,994 | 0.12% |
| - | CITADEL SECURITIES LP | CORPORATE BONDS | 875696 | 99,250 | 0.12% |
| - | BELRON FINANCE US LLC | CORPORATE BONDS | 868251 | 199,497 | 0.25% |
| - | WMG ACQUISITION CORP | CORPORATE BONDS | 866394 | 100,000 | 0.12% |
| - | ALLIANT HOLDINGS INTERME | CORPORATE BONDS | 866336 | 99,250 | 0.12% |
| - | BURLINGTON COAT FACTORY | CORPORATE BONDS | 866107 | 199,497 | 0.25% |
| - | RYAN SPECIALTY GROUP LLC | CORPORATE BONDS | 865770 | 199,499 | 0.25% |
| - | A-AP BUYER, INC. | CORPORATE BONDS | 854860 | 199,499 | 0.25% |
| - | MEDLINE BORROWER, LP | CORPORATE BONDS | 842933 | 99,001 | 0.12% |
| - | IRIDIUM SATELLITE LLC | CORPORATE BONDS | 842417 | 97,680 | 0.12% |
| - | GLOBAL MEDICAL RESPONSE, | CORPORATE BONDS | 837801 | 99,724 | 0.12% |
| - | COTIVITI, INC. | CORPORATE BONDS | 821088 | 99,250 | 0.12% |
| - | FIRST EAGLE HOLDINGS, IN | CORPORATE BONDS | 820302 | 98,997 | 0.12% |
| - | ROCKET SOFTWARE, INC. | CORPORATE BONDS | 793432 | 99,250 | 0.12% |
| - | CALPINE CONSTRUCTION FIN | CORPORATE BONDS | 782833 | 100,000 | 0.12% |
| - | ATHENAHEALTH GROUP INC | CORPORATE BONDS | 692286 | 99,750 | 0.12% |
| - | PRE-PAID LEGAL SERVICES, | CORPORATE BONDS | 686160 | 98,991 | 0.12% |
| - | EP PURCHASER, LLC | CORPORATE BONDS | 679846 | 99,231 | 0.12% |
| - | RED PLANET BORROWER LLC | CORPORATE BONDS | 674344 | 98,972 | 0.12% |
| - | UNITED STATES OF 4% 01/29 | GOVERNMENT BONDS | 91282CJW2 | 800,000 | 1.00% |
| - | UNITED STATES 3.5% 01/28 | GOVERNMENT BONDS | 91282CGH8 | 800,000 | 0.99% |
| - | UNITED STATES ZERO 11/25 | TREASURY BILLS | 912797RP4 | 500,000 | 0.61% |
| - | UNITED STATES ZERO 12/25 | TREASURY BILLS | 912797QZ3 | 1,500,000 | 1.84% |
| - | UNITED STATES ZERO 09/25 | TREASURY BILLS | 912797QT7 | 1,000,000 | 1.24% |
| - | UNITED STATES ZERO 10/25 | TREASURY BILLS | 912797QG5 | 500,000 | 0.62% |
| - | UNITED STATES ZERO 10/25 | TREASURY BILLS | 912797QF7 | 750,000 | 0.92% |
| - | UNITED STATES ZERO 09/25 | TREASURY BILLS | 912797MH7 | 250,000 | 0.31% |
| - | WORLD OMNI 4.08% 11/30 | ASSET BACKED | 981936AC1 | 210,000 | 0.26% |
| - | WORLD OMNI 4.86% 03/29 | ASSET BACKED | 98164RAD8 | 535,000 | 0.67% |
| - | WHITEBOX CLO IV FLT 04/36 | CDO/COLLATERALIZED DEBT OBLIGATION | 96467LAE7 | 500,000 | 0.63% |
| - | VOYA CLO 2017-3 FLT 04/34 | CDO/COLLATERALIZED DEBT OBLIGATION | 92915QBN2 | 1,000,000 | 1.25% |
| - | VOLKSWAGEN 4.43% 12/27 | ASSET BACKED | 92868WAB3 | 175,000 | 0.22% |
| - | VOLKSWAGEN 4.65% 11/27 | ASSET BACKED | 92868RAB4 | 454,832 | 0.57% |
| - | VERIZON MASTER 5% 12/28 | ASSET BACKED | 92348KCL5 | 190,000 | 0.24% |
| - | USB AUTO 4.51% 06/28 | ASSET BACKED | 90367VAB5 | 75,000 | 0.09% |
| - | TRESTLES CLO FLT 06/35 | CDO/COLLATERALIZED DEBT OBLIGATION | 89533DAL4 | 500,000 | 0.62% |
| - | TOYOTA AUTO 4.48% 11/27 | ASSET BACKED | 89240JAB7 | 163,364 | 0.20% |
| - | TOYOTA LEASE 5.25% 04/27 | ASSET BACKED | 89238GAD3 | 133,316 | 0.17% |
| - | TOYOTA AUTO 4.46% 03/28 | ASSET BACKED | 89231HAB2 | 70,000 | 0.09% |
| - | TOYOTA LEASE 4.21% 09/27 | ASSET BACKED | 891943AD4 | 295,000 | 0.37% |
| - | TESLA AUTO 5.89% 06/26 | ASSET BACKED | 88167PAC2 | 4,343 | 0.01% |
| - | SHACKLETON FLT 07/31 | CDO/COLLATERALIZED DEBT OBLIGATION | 81883AAS8 | 449,259 | 0.56% |
| - | SFS AUTO 5.47% 10/28 | ASSET BACKED | 78398AAD5 | 120,820 | 0.15% |
| - | REGATTA 32 FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 75884AAA8 | 1,000,000 | 1.25% |
| - | RAD CLO 15 LTD FLT 07/40 | CDO/COLLATERALIZED DEBT OBLIGATION | 750103AJ2 | 1,000,000 | 1.25% |
| - | MASTEC INC 4.5% 08/28 | CORPORATE BONDS | 576323AP4 | 150,000 | 0.19% |
| - | MARS INC 4.6% 03/28 | CORPORATE BONDS | 571676AX3 | 300,000 | 0.38% |
| - | WARNERMEDIA 3.755% 03/27 | CORPORATE BONDS | 55903VBL6 | 175,000 | 0.21% |
| - | LOWE'S COS INC 3.1% 05/27 | CORPORATE BONDS | 548661DP9 | 300,000 | 0.37% |
| - | KODIAK GAS 7.25% 02/29 | CORPORATE BONDS | 50012LAC8 | 150,000 | 0.19% |
| - | KEURIG DR 3.95% 04/29 | CORPORATE BONDS | 49271VAP5 | 170,000 | 0.21% |
| - | IRON MOUNTAIN 5% 07/28 | CORPORATE BONDS | 46284VAG6 | 60,000 | 0.07% |
| - | IRON 4.875% 09/29 | CORPORATE BONDS | 46284VAF8 | 125,000 | 0.15% |
| - | IQVIA INC 6.5% 05/30 | CORPORATE BONDS | 46266TAD0 | 53,000 | 0.07% |
| - | IQVIA INC 5.7% 05/28 | CORPORATE BONDS | 46266TAC2 | 50,000 | 0.06% |
| - | INTERNATIONAL 3.3% 01/27 | CORPORATE BONDS | 459200JR3 | 325,000 | 0.40% |
| - | INTERCONTINENTAL 4% 09/27 | CORPORATE BONDS | 45866FAU8 | 300,000 | 0.37% |
| - | ICON 5.849% 05/29 | CORPORATE BONDS | 45115AAB0 | 125,000 | 0.16% |
| - | ICON 5.809% 05/27 | CORPORATE BONDS | 45115AAA2 | 175,000 | 0.22% |
| - | HOME DEPOT 5.1% 12/25 | CORPORATE BONDS | 437076CX8 | 325,000 | 0.41% |
| - | HAH GROUP 9.75% 10/31 | CORPORATE BONDS | 40518JAA7 | 125,000 | 0.15% |
| - | HCA INC 5.2% 06/28 | CORPORATE BONDS | 404119CP2 | 265,000 | 0.34% |
| - | HB FULLER CO 4.25% 10/28 | CORPORATE BONDS | 40410KAA3 | 125,000 | 0.15% |
| - | GRIFOLS SA 4.75% 10/28 | CORPORATE BONDS | 39843UAA0 | 45,000 | 0.05% |
| - | GRAPHIC 3.5% 03/28 | CORPORATE BONDS | 38869AAB3 | 125,000 | 0.15% |
| - | GLOBAL 2.15% 01/27 | CORPORATE BONDS | 37940XAG7 | 250,000 | 0.30% |
| - | GENESIS 7.75% 02/28 | CORPORATE BONDS | 37185LAL6 | 50,000 | 0.06% |
| - | GENERAL MOTORS 2.7% 08/27 | CORPORATE BONDS | 37045XDA1 | 250,000 | 0.30% |
| - | GARTNER INC 3.625% 06/29 | CORPORATE BONDS | 366651AG2 | 125,000 | 0.15% |
| - | GARTNER INC 4.5% 07/28 | CORPORATE BONDS | 366651AC1 | 150,000 | 0.18% |
| - | GE HEALTHCARE 5.65% 11/27 | CORPORATE BONDS | 36267VAF0 | 225,000 | 0.29% |
| - | GE HEALTHCARE 5.6% 11/25 | CORPORATE BONDS | 36267VAD5 | 85,000 | 0.11% |
| - | GFL 4% 08/28 | CORPORATE BONDS | 36168QAL8 | 150,000 | 0.18% |
| - | FOX CORP 4.709% 01/29 | CORPORATE BONDS | 35137LAH8 | 360,000 | 0.45% |
| - | FORD MOTOR 2.9% 02/29 | CORPORATE BONDS | 345397B93 | 300,000 | 0.34% |
| - | FISERV INC 4.2% 10/28 | CORPORATE BONDS | 337738AR9 | 125,000 | 0.15% |
| - | ENTEGRIS INC 4.75% 04/29 | CORPORATE BONDS | 29365BAA1 | 275,000 | 0.34% |
| - | ENERGY 4.95% 05/28 | CORPORATE BONDS | 292480AL4 | 125,000 | 0.16% |
| - | ELANCO ANIMAL 6.65% 08/28 | CORPORATE BONDS | 28414HAG8 | 100,000 | 0.13% |
| - | DUKE ENERGY 3.15% 08/27 | CORPORATE BONDS | 26441CAX3 | 300,000 | 0.37% |
| - | DIGITAL REALTY 3.7% 08/27 | CORPORATE BONDS | 25389JAR7 | 250,000 | 0.31% |
| - | DTE ENERGY CO 4.95% 07/27 | CORPORATE BONDS | 233331BM8 | 300,000 | 0.38% |
| - | CROWN CASTLE 3.8% 02/28 | CORPORATE BONDS | 22822VAK7 | 250,000 | 0.31% |
| - | CROWN 4.25% 09/26 | CORPORATE BONDS | 22819KAB6 | 100,000 | 0.12% |
| - | CORELOGIC INC 4.5% 05/28 | CORPORATE BONDS | 21871DAD5 | 125,000 | 0.15% |
| - | CLEARWAY 4.75% 03/28 | CORPORATE BONDS | 18539UAC9 | 212,000 | 0.26% |
| - | CLEAN 5.125% 07/29 | CORPORATE BONDS | 184496AP2 | 125,000 | 0.15% |
| - | CLEAN 4.875% 07/27 | CORPORATE BONDS | 184496AN7 | 75,000 | 0.09% |
| - | CHENIERE 4.625% 10/28 | CORPORATE BONDS | 16411RAK5 | 275,000 | 0.34% |
| - | CANADIAN 1.75% 12/26 | CORPORATE BONDS | 13645RBE3 | 325,000 | 0.39% |
| - | CALPINE CORP 4.5% 02/28 | CORPORATE BONDS | 131347CM6 | 100,000 | 0.12% |
| - | CVS HEALTH CORP 5% 02/26 | CORPORATE BONDS | 126650DS6 | 75,000 | 0.09% |
| - | CCO HOLDINGS 5.125% 05/27 | CORPORATE BONDS | 1248EPBT9 | 200,000 | 0.25% |
| - | BROADCOM INC 4.8% 04/28 | CORPORATE BONDS | 11135FCE9 | 250,000 | 0.32% |
| - | BROADCOM INC 3.15% 11/25 | CORPORATE BONDS | 11135FBB6 | 75,000 | 0.09% |
| - | BOYD GAMING 4.75% 12/27 | CORPORATE BONDS | 103304BU4 | 50,000 | 0.06% |
| - | BLACKSTONE 3.75% 01/27 | CORPORATE BONDS | 09257WAD2 | 150,000 | 0.18% |
| - | BMW US 3.625% 04/29 | CORPORATE BONDS | 05565EBJ3 | 65,000 | 0.08% |
| - | AVOLON 5.15% 01/30 | CORPORATE BONDS | 05401AAX9 | 170,000 | 0.21% |
| - | AVOLON 3.25% 02/27 | CORPORATE BONDS | 05401AAJ0 | 75,000 | 0.09% |
| - | AVERY 4.875% 12/28 | CORPORATE BONDS | 053611AJ8 | 100,000 | 0.13% |
| - | ALLIED 4.625% 06/28 | CORPORATE BONDS | 049362AA4 | 200,000 | 0.24% |
| - | ATLANTICA 4.125% 06/28 | CORPORATE BONDS | 04916WAA2 | 200,000 | 0.24% |
| - | ARCHROCK 6.25% 04/28 | CORPORATE BONDS | 03959KAC4 | 200,000 | 0.25% |
| - | APPLOVIN 5.125% 12/29 | CORPORATE BONDS | 03831WAB4 | 260,000 | 0.33% |
| - | AMPHENOL CORP 4.35% 06/29 | CORPORATE BONDS | 032095AH4 | 65,000 | 0.08% |
| - | AMGEN INC 2.2% 02/27 | CORPORATE BONDS | 031162CT5 | 300,000 | 0.36% |
| - | AMERICAN TOWER 1.5% 01/28 | CORPORATE BONDS | 03027XBJ8 | 125,000 | 0.15% |
| - | AMERICAN HONDA FLT 05/26 | CORPORATE BONDS | 02665WFV8 | 295,000 | 0.37% |
| - | AMERICAN 4% 01/28 | CORPORATE BONDS | 024747AF4 | 145,000 | 0.18% |
| - | AIR CANADA 3.875% 08/26 | CORPORATE BONDS | 008911BK4 | 150,000 | 0.18% |
| - | OSAIC HOLDINGS 8% 08/33 | CORPORATE BONDS | 00791GAC1 | 96,000 | 0.12% |
| - | ADVANCED 5% 09/27 | CORPORATE BONDS | 00790RAA2 | 175,000 | 0.22% |
| - | ABBVIE INC 4.25% 11/28 | CORPORATE BONDS | 00287YBF5 | 125,000 | 0.16% |
| - | AT&T INC 1.65% 02/28 | CORPORATE BONDS | 00206RKG6 | 100,000 | 0.12% |
| - | ASGN INC 4.625% 05/28 | CORPORATE BONDS | 00191UAA0 | 150,000 | 0.18% |
| - | AES CORP/THE 5.45% 06/28 | CORPORATE BONDS | 00130HCH6 | 200,000 | 0.25% |
| - | CEDAR FUNDING FLT 07/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 15033PAY9 | 1,000,000 | 1.25% |
| - | CEDAR FUNDING FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 150323BL6 | 500,000 | 0.62% |
| - | CARLYLE GLOBAL FLT 04/32 | CDO/COLLATERALIZED DEBT OBLIGATION | 14309YCJ1 | 1,000,000 | 1.24% |
| - | CAPITAL ONE 3.66% 05/27 | ASSET BACKED | 14043GAD6 | 34,103 | 0.04% |
| - | CAPITAL ONE 4.42% 05/28 | ASSET BACKED | 14041NGD7 | 150,000 | 0.19% |
| - | CAPITAL ONE 4.95% 10/27 | ASSET BACKED | 14041NGB1 | 135,000 | 0.17% |
| - | CBAM 2018-5 LTD FLT 04/31 | CDO/COLLATERALIZED DEBT OBLIGATION | 12481QAL9 | 1,000,000 | 1.25% |
| - | BRYANT PARK FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 117919AJ9 | 250,000 | 0.31% |
| - | BLUEMOUNTAIN FLT 04/35 | CDO/COLLATERALIZED DEBT OBLIGATION | 09630QAS0 | 500,000 | 0.62% |
| - | BIRCH GROVE CLO FLT 04/37 | CDO/COLLATERALIZED DEBT OBLIGATION | 09077UAA0 | 500,000 | 0.63% |
| - | BENEFIT STREET FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 08187LAA9 | 1,000,000 | 1.24% |
| - | BENEFIT STREET FLT 10/36 | CDO/COLLATERALIZED DEBT OBLIGATION | 08181GAA6 | 500,000 | 0.63% |
| - | BARINGS CLO LTD FLT 03/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 06764PAJ6 | 1,000,000 | 1.24% |
| - | BARINGS 4.64% 10/28 | ASSET BACKED | 06764MAB0 | 440,000 | 0.55% |
| - | BARINGS CLO LTD FLT 04/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 06763EAE3 | 500,000 | 0.64% |
| - | BMW VEHICLE 5.99% 09/26 | ASSET BACKED | 055979AC2 | 23,900 | 0.03% |
| - | ARES LXXVI CLO FLT 05/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 04021KAA0 | 250,000 | 0.32% |
| - | ARES LXI CLO FLT 04/37 | CDO/COLLATERALIZED DEBT OBLIGATION | 04019EAE0 | 500,000 | 0.63% |
| - | ARES XXXIX CLO FLT 07/37 | CDO/COLLATERALIZED DEBT OBLIGATION | 04015WBL7 | 1,000,000 | 1.25% |
| - | APIDOS CLO LIV FLT 10/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 03771RAA9 | 1,000,000 | 1.24% |
| - | APIDOS CLO FLT 01/38 | CDO/COLLATERALIZED DEBT OBLIGATION | 03767NAW6 | 500,000 | 0.62% |
| - | AMERICAN 3.75% 08/27 | ASSET BACKED | 02582JJV3 | 75,000 | 0.09% |
| - | FIDELITY TREASURY | STIF | 316175504 | 5,818,071 | 7.23% |
| - | US DOLLAR | CURRENCIES | USD | -3,004,474 | -3.74% |
| - | WYNDHAM 4.375% 08/28 | CORPORATE BONDS | 98311AAB1 | 125,000 | 0.15% |
| - | WMG 3.875% 07/30 | CORPORATE BONDS | 92933BAQ7 | 175,000 | 0.20% |
| - | VIRTUSA CORP 7.125% 12/28 | CORPORATE BONDS | 92837TAA0 | 125,000 | 0.15% |
| - | VERTIV GROUP 4.125% 11/28 | CORPORATE BONDS | 92535UAB0 | 166,000 | 0.20% |
| - | VERIZON 4.329% 09/28 | CORPORATE BONDS | 92343VER1 | 195,000 | 0.24% |
| - | VERIZON 4.125% 03/27 | CORPORATE BONDS | 92343VDY7 | 125,000 | 0.16% |
| - | VERALTO CORP 5.5% 09/26 | CORPORATE BONDS | 92338CAB9 | 125,000 | 0.16% |
| - | VOC ESCROW LTD 5% 02/28 | CORPORATE BONDS | 91832VAA2 | 138,000 | 0.17% |
| - | UNIVERSAL 1.65% 09/26 | CORPORATE BONDS | 913903AZ3 | 50,000 | 0.06% |
| - | TERRAFORM POWER 5% 01/28 | CORPORATE BONDS | 88104LAE3 | 150,000 | 0.18% |
| - | T-MOBILE USA 2.25% 02/26 | CORPORATE BONDS | 87264ABR5 | 125,000 | 0.15% |
| - | T-MOBILE USA 4.75% 02/28 | CORPORATE BONDS | 87264AAV7 | 150,000 | 0.19% |
| - | MATCH GROUP 5% 12/27 | CORPORATE BONDS | 57665RAG1 | 45,000 | 0.06% |
| - | MATCH GROUP 4.625% 06/28 | CORPORATE BONDS | 57665RAN6 | 150,000 | 0.18% |
| - | MUELLER WATER 4% 06/29 | CORPORATE BONDS | 624758AF5 | 43,000 | 0.05% |
| - | MEDLINE 3.875% 04/29 | CORPORATE BONDS | 62482BAA0 | 100,000 | 0.12% |
| - | NRG ENERGY 5.75% 07/29 | CORPORATE BONDS | 629377CY6 | 175,000 | 0.22% |
| - | NXP BV / NXP 4.3% 06/29 | CORPORATE BONDS | 62954HAV0 | 150,000 | 0.19% |
| - | NETFLIX INC 4.875% 04/28 | CORPORATE BONDS | 64110LAS5 | 250,000 | 0.32% |
| - | NEXTERA 1.875% 01/27 | CORPORATE BONDS | 65339KBY5 | 300,000 | 0.36% |
| - | XPLR 4.5% 09/27 | CORPORATE BONDS | 65342QAB8 | 150,000 | 0.18% |
| - | XPLR 3.875% 10/26 | CORPORATE BONDS | 65342QAL6 | 25,000 | 0.03% |
| - | NEXSTAR 5.625% 07/27 | CORPORATE BONDS | 65343HAA9 | 125,000 | 0.16% |
| - | NOVELIS CORP 3.875% 08/31 | CORPORATE BONDS | 670001AH9 | 90,000 | 0.10% |
| - | OLYMPUS WATER 4.25% 10/28 | CORPORATE BONDS | 681639AA8 | 115,000 | 0.14% |
| - | ON 3.875% 09/28 | CORPORATE BONDS | 682189AQ8 | 210,000 | 0.25% |
| - | 1011778 BC 4.375% 01/28 | CORPORATE BONDS | 68245XAJ8 | 125,000 | 0.15% |
| - | ORACLE CORP 2.3% 03/28 | CORPORATE BONDS | 68389XCD5 | 300,000 | 0.36% |
| - | PANTHER 7.125% 06/31 | CORPORATE BONDS | 69867RAA5 | 150,000 | 0.19% |
| - | PFIZER 4.45% 05/28 | CORPORATE BONDS | 716973AC6 | 150,000 | 0.19% |
| - | PIKE CORP 5.5% 09/28 | CORPORATE BONDS | 721283AA7 | 75,000 | 0.09% |
| - | PRIMO WATER 6.25% 04/29 | CORPORATE BONDS | 74168RAC7 | 100,000 | 0.12% |
| - | QXO BUILDING 6.75% 04/32 | CORPORATE BONDS | 74825NAA5 | 160,000 | 0.21% |
| - | RADIOLOGY 8.5% 07/32 | CORPORATE BONDS | 75041VAE4 | 120,000 | 0.15% |
| - | ROCHE 1.93% 12/28 | CORPORATE BONDS | 771196BW1 | 140,000 | 0.16% |
| - | SCIL IV LLC 5.375% 11/26 | CORPORATE BONDS | 78397UAA8 | 200,000 | 0.25% |
| - | S&P GLOBAL 2.45% 03/27 | CORPORATE BONDS | 78409VBH6 | 325,000 | 0.39% |
| - | SBA 3.875% 02/27 | CORPORATE BONDS | 78410GAD6 | 200,000 | 0.24% |
| - | SALESFORCE INC 3.7% 04/28 | CORPORATE BONDS | 79466LAF1 | 325,000 | 0.40% |
| - | LIGHT & 7.25% 11/29 | CORPORATE BONDS | 80874YBE9 | 100,000 | 0.13% |
| - | 7-ELEVEN INC 1.3% 02/28 | CORPORATE BONDS | 817826AD2 | 165,000 | 0.19% |
| - | SHERWIN-WILLI 3.45% 06/27 | CORPORATE BONDS | 824348AW6 | 300,000 | 0.37% |
| - | SMYRNA READY 8.875% 11/31 | CORPORATE BONDS | 83283WAE3 | 150,000 | 0.20% |
| - | SOUTHERN 5.113% 08/27 | CORPORATE BONDS | 842587DD6 | 175,000 | 0.22% |
| - | BLOCK INC 6.5% 05/32 | CORPORATE BONDS | 852234AS2 | 150,000 | 0.19% |
| - | STANDARD 4.75% 01/28 | CORPORATE BONDS | 853496AD9 | 175,000 | 0.22% |
| - | STAR HOLDING 8.75% 08/31 | CORPORATE BONDS | 85513AAA6 | 125,000 | 0.15% |
| - | STARBUCKS 4.85% 02/27 | CORPORATE BONDS | 855244BG3 | 280,000 | 0.35% |
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 $34.2 billion (as of 03/31/2025) 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 85 CLOs issued, including 23 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.