Palmer Square CLO Senior Debt ETFPalmer Square CLO Senior Debt ETFPalmer Square CLO Senior Debt ETF

Palmer Square CLO Senior Debt ETF

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Key stats


Assets under management (AUM)
‪45.12 M‬USD
Fund flows (1Y)
‪33.93 M‬USD
Dividend yield (indicated)
4.74%
Discount/Premium to NAV
0.03%
Shares outstanding
‪2.20 M‬
Expense ratio
0.20%

About Palmer Square CLO Senior Debt ETF


Issuer
Palmer Square Holdings LLC
Brand
Palmer Square
Inception date
Sep 11, 2024
Structure
Open-Ended Fund
Index tracked
Palmer Square CLO Senior Debt
Replication method
Physical
Management style
Passive
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.

Broaden your horizons with more funds linked to PSQA via country, focus, and more.

Classification


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Investment grade
Niche
Floating rate
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market value
Selection criteria
Market value
What's in the fund
Exposure type
Bonds, Cash & Other
Securitized
Bonds, Cash & Other100.00%
Securitized94.33%
Mutual fund9.21%
Corporate1.52%
Cash−5.06%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
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Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.

Frequently Asked Questions


An exchange-traded fund (ETF) is a collection of assets (stocks, bonds, commodities, etc.) that track an underlying index and can be bought on an exchange like individual stocks.
PSQA trades at 20.52 USD today, its price has risen 0.00% in the past 24 hours. Track more dynamics on PSQA price chart.
PSQA net asset value is 20.51 today — it's risen 0.51% over the past month. NAV represents the total value of the fund's assets less liabilities and serves as a gauge of the fund's performance.
PSQA assets under management is ‪45.12 M‬ USD. AUM is an important metric as it reflects the fund's size and can serve as a gauge of how successful the fund is in attracting investors, which, in its turn, can influence decision-making.
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 0.51% over the last month, showed a 1.44% increase in three-month performance and has increased by 4.17% in a year.
PSQA fund flows account for ‪33.93 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.
Since ETFs work like an individual stock, they can be bought and sold on exchanges (e.g. NASDAQ, NYSE, EURONEXT). As it happens with stocks, you need to select a brokerage to access trading. Explore our list of available brokers to find the one to help execute your strategies. Don't forget to do your research before getting to trading. Explore ETFs metrics in our ETF screener to find a reliable opportunity.
PSQA invests in bonds. See more details in our Analysis section.
PSQA expense ratio is 0.20%. It's an important metric for helping traders understand the fund's operating costs relative to assets and how expensive it would be to hold the fund.
No, PSQA isn't leveraged, meaning it doesn't use borrowings or financial derivatives to magnify the performance of the underlying assets or index it follows.
In some ways, ETFs are safe investments, but in a broader sense, they're not safer than any other asset, so it's crucial to analyze a fund before investing. But if your research gives a vague answer, you can always refer to technical analysis.
Today, PSQA technical analysis shows the buy rating and its 1-week rating is buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1-month rating PSQA shows the buy signal. See more of PSQA technicals for a more comprehensive analysis.
Yes, PSQA pays dividends to its holders with the dividend yield of 4.74%.
PSQA trades at a premium (0.03%).
Premium/discount to NAV expresses the difference between the ETF’s price and its NAV value. A positive percentage indicates a premium, meaning the ETF trades at a higher price than the calculated NAV. Conversely, a negative percentage indicates a discount, suggesting the ETF trades at a lower price than NAV.
PSQA shares are issued by Palmer Square Holdings LLC
PSQA follows the Palmer Square CLO Senior Debt. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
The fund started trading on Sep 11, 2024.
The fund's management style is passive, meaning it's aiming to replicate the performance of the underlying index by holding assets in the same proportions as the index. The goal is to match the index's returns.