Palmer Square CLO Senior Debt ETF
$20.60−0.01 (−0.05%)
- 0.21%
- $232M
- +5.4%
- 3.97%
- 0.1M sh
- $20.55
- low $19.90high $21.09
The ETF.net PSQA Grade
B
Score 58 out of 100
- 10 of 34
Score 58 of 100 falls in the B 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.B64 out of 100Rank 13 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.D31 out of 100Rank 26 of 33Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.B67 out of 100Rank 7 of 34Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A76 out of 100Rank 9 of 34Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C52 out of 100Rank 21 of 34
Our read on PSQA
BMost CLO funds hand the keys to a manager. PSQA follows a rulebook instead, tracking the Palmer Square CLO Senior Debt Index for 0.20% a year: an index-based route into the senior end of the CLO stack.
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
- Costs 0.20% a year, below the 0.25% median for CLO funds, and level with what the category's marquee names charge (JAAA, CLOA, FAAA all at 0.20%).
- Rules, not discretion. The fund seeks to track the Palmer Square CLO Senior Debt Index, so the holdings follow a published methodology rather than a trading desk's judgment calls.
- Points at the senior end of the CLO capital stack, the slice that gets paid first, and distributes on a quarterly schedule.
- Grades out in the upper half of its CLO peer group on our review, a solid showing in an aisle stacked with big-name issuers.
Worth knowing
- Launched in September 2024, so the record is short and has not yet spanned a full credit cycle.
- The benchmark is Palmer Square's own index, so the rules and the fund running them come from the same shop. Worth knowing, not a flaw.
- Trading is moderate rather than heavy, so spreads can matter more here than at the category's most heavily traded funds.
PSQA Holdings
- Bonds
- 151
- 15%
- Elmwood Clo 38 Flt 04/38
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$10,538
Returns run to the Oct 12, 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 | +4.1% |
| 1 month | +0.2% |
| 3 months | +1.6% |
| 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 | +4.1% | |
| 2025 | +5.8% | |
| 2024 | +1.7% |
PSQA in the news
PSQA Dividends
- 3.97%
- $0.82
- $0.21 per share
- Quarterly
Distribution history
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.
- 1.19
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.
PSQA Cost
0.21%
PSQA0.21%
- The middle half of Collateralized Loan Obligations (CLO) funds
- Median 0.29%
12 of the 34 Collateralized Loan Obligations (CLO) funds charge less.
Other funds in Collateralized Loan Obligations (CLO)
- BFUSIAmerican Century Ultrashort Income ETFExpense ratio 0.19%1 year return +4.7%
- BCLOONYLI Investment Grade CLO ETFExpense ratio 0.25%1 year return —
- BTRPAHartford AAA CLO ETFExpense ratio 0.24%1 year return +5.5%
- BAAAAlternative Access First Priority CLO Bond ETFExpense ratio 0.19%1 year return +4.3%
- CUUPPPrincipal Exchange-Traded Funds - Principal CLO ETFExpense ratio 0.19%1 year return —