PSQA

Palmer Square CLO Senior Debt ETF

$20.48

+0.00%

Market closed. Last update: 11:57 AM ET

📎 Investment Objective

The Palmer Square CLO Senior Debt ETF (PSQA) seeks to provide current income by investing primarily in senior secured floating-rate collateralized loan obligation (CLO) debt securities.

Overview

ETF tracking Palmer Square CLO Senior Debt ETF

Category Fixed Income

Issuer Other

Inception Date 2024-09-10

Market Cap $46.1M

Average Volume N/A

Dividend Yield 4.73%

52-Week Range $20.11 - $20.54

VWAP $20.48

Performance

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Investment Summary

📎 Investment Objective

The Palmer Square CLO Senior Debt ETF (PSQA) seeks to provide current income by investing primarily in senior secured floating-rate collateralized loan obligation (CLO) debt securities.

🎯 Investment Strategy

The fund invests at least 80% of its net assets in senior secured floating-rate CLO debt securities. The portfolio manager aims to construct a diversified portfolio of CLO debt across various issuers, collateral managers, and vintage years.

✨ Key Features

Exposure to the senior secured floating-rate CLO debt market
Diversified portfolio of CLO debt across issuers, managers, and vintages
Potential for current income from floating-rate coupon payments
Low expense ratio of 0.00%

⚠️ Primary Risks

Credit risk: The risk that the underlying loans in the CLO portfolio may default or experience credit deterioration
Interest rate risk: The risk that rising interest rates may negatively impact the value of the floating-rate CLO debt securities
Liquidity risk: The potential difficulty in buying or selling CLO debt securities, especially in times of market stress
Concentration risk: The fund's focus on the CLO debt market may make it more susceptible to factors affecting that specific sector

👤 Best For

This ETF may be suitable for investors seeking current income and exposure to the senior secured floating-rate CLO debt market as part of a diversified fixed-income allocation. Investors should have a medium to long-term investment horizon and be comfortable with the risks associated with the CLO debt market.