Palmer Square CLO Senior Debt ETF
$20.68+0.02 (+0.10%)
- 0.21%
- $250M
- +5.4%
- 3.95%
- 106K sh
- low $19.90high $21.09
The ETF.net PSQA Grade
C
Score 51 out of 100
- 14 of 34
Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.B61 out of 100Rank 14 of 34Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.D27 out of 100Rank 27 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 18 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 10 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C53 out of 100Rank 18 of 34
Our read on PSQA
In short
CThe index fund in a category of hand-picked portfolios. PSQA tracks Palmer Square's own CLO Senior Debt Index, a daily CLO benchmark since 2015, holding senior tranches rated AAA or AA at issuance.
Stated mandate
The Fund seeks to track, before fees and expenses, the price and yield performance of the Palmer Square CLO Senior Debt Index.
Why people hold it
Worth knowing
PSQA Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.Not enough history yet.
PSQA$10,537
Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PSQA |
|---|---|
| Year to date | +4.4% |
| 1 month | +0.4% |
| 3 months | +1.4% |
| 1 year | +5.4% |
| 3 years | |
| 5 years | |
| 10 years |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PSQA |
|---|---|---|
| 2026 YTD | +4.4% | |
| 2025 | +5.8% | |
| 2024 | +1.7% |
PSQA in the news
PSQA Dividends
- 3.95%
- $0.82
- $0.21 per share
- Quarterly
Distribution history
$10,000 in PSQA 1 year ago paid $400 in dividends.
PSQA Risk
- 1.2%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.21
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −1.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.06
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PSQA Cost
Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)
$608
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PSQA 0.21%
$4,357
CLOC 0.18% Cheapest
$3,749
Cost over time
Year by year
| Year | PSQA | CLOC | Overpaying |
|---|---|---|---|
| 10 | $383 | $328 | $55 |
| 20 | $1,491 | $1,281 | $210 |
| 30 | $4,357 | $3,749 | $608 |
Other funds in Collateralized Loan Obligations (CLO)
- CUUPPPrincipal CLO ETFExpense ratio 0.19%1 year return
- CAAAAlternative Access First Priority CLO Bond ETFExpense ratio 0.19%1 year return +4.2%
- CNCLONuveen AA-BBB CLO ETFExpense ratio 0.26%1 year return +5.3%
- CASECAmerican Century Securitized Credit ETFExpense ratio 0.29%1 year return
- CPCLOVirtus Seix AAA Private Credit CLO ETFExpense ratio 0.29%1 year return +4.9%
