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PSQO

This fund does not currently behave like the group it was assigned to, so its grouping is being re-reviewed. Grading pauses until the review resolves, because a letter measured against the wrong peer group would be a statement about the wrong funds.New York Stock Exchange Arca

Palmer Square Credit Opportunities ETF

High Yield Bond · Palmer Square · Inception 2024-09-11

$20.85−0.04 (−0.19%)

As of Sep 23, 2026, 2:09 PM EDT

History starts Sep 12, 2024.
Intraday session: down, 27 prints from 20.89 to 20.85. Range 20.83 to 20.88. Use the arrow keys to read each point.$20.84$20.86$20.8810 AM12 PM2 PM4 PM
Expense ratio
0.52%
Fund size
$305M
1Y return
+5.0%
Yield · Last 12 months
4.48%
Volume · 30D
0.1M sh
NAV per share
$20.82
52W range
low $19.76high $21.53

PSQO Holdings

As of Sep 20, 2026, 9:02 AM
Asset class
Bonds
Holdings
—
Top-10 weight
17%
Largest holding
FIDELITY TREASURY7.0%

Geography

  • United States94.84%
  • Canada1.34%
  • France1.31%
  • United Kingdom1.11%
  • Luxembourg0.67%
  • Netherlands0.45%
  • Japan0.29%
The fund’s holdings, weight-ordered — page 1 of 32.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—FIDELITY TREASURY6.98%21,874,016$22M2
002—UNITED STATES OF 4% 05/282.21%7,000,000$7M19
003—UNITED STATES 3.5% 01/281.72%5,475,000$5M17
004—UNITED STATES OF 4% 01/291.34%4,275,000$4M16
005—UNITED STATES ZERO 11/261.11%3,500,000$3M16
006—CARLYLE US CLO FLT 10/340.96%3,000,000$3M6
007—TRINITAS CLO X FLT 01/350.80%2,500,000$3M2
008—UNITED STATES ZERO 11/260.79%2,500,000$2M48
009—GOLUB CAPITAL FLT 04/390.64%2,000,000$2M1
010—ELMWOOD CLO IV FLT 04/370.64%2,000,000$2M4
011—TRINITAS CLO X FLT 01/350.64%2,000,000$2M2
012—OCP CLO 2021-21 FLT 01/380.64%2,000,000$2M5
013—CARLYLE US CLO FLT 01/350.64%2,000,000$2M7
014—ELMWOOD CLO 38 FLT 04/380.64%2,000,000$2M3
015—MAGNETITE XLV FLT 04/380.64%2,000,000$2M2

Showing 1–15 of 473 holdings

PSQO Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

PSQO$10,503
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. PSQO $10,503. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 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.

Trailing total return for PSQO. Periods over one year show the average yearly return.
PeriodPSQO
Year to date+3.2%
1 month+0.3%
3 months+1.3%
1 year+5.0%
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for PSQO
YearReturn barPSQO
2026 YTD+3.2%
2025+7.0%
2024+2.0%

History from Sep 12, 2024

PSQO in the news

ETF.net Research hasn’t filed on PSQO yet — coverage lands here as it’s written.

PSQO Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
4.48%Last 12 months
Payout per share
$0.94Last 12 months
Last payment
$0.24 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2024–2026

One bar per payment. 7 payments from 2024 to 2026 YTD. Dec 24, 2024 $0.28; Mar 25, 2025 $0.20; Jun 24, 2025 $0.16; Sep 24, 2025 $0.26; Dec 24, 2025 $0.29; Mar 25, 2026 $0.14; Jun 24, 2026 $0.24. Use the arrow keys to read each point.202420252026YTD
Ex-datePay dateAmount per share
Jun 24, 2026Jun 30, 2026$0.24
Mar 25, 2026Mar 31, 2026$0.14
Dec 24, 2025Dec 31, 2025$0.29
Sep 24, 2025Sep 30, 2025$0.26
Jun 24, 2025Jun 30, 2025$0.16
Mar 25, 2025Mar 31, 2025$0.20
Dec 24, 2024Dec 31, 2024$0.28

PSQO Risk

How much the fund’s monthly returns vary, scaled to a year.
1.1%
Annualised · 23 months to Aug 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.55
vs 3-month T-bills · 23 months to Aug 2026
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.

The largest fall from a peak to the low that followed.
−0.7%
24 months · trough Apr 2025
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.

How strongly the fund’s returns move with its asset-class index.
0.11
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

PSQO Cost

Expense ratio0.52%
  • The middle half of US High Yield funds
  • Median 0.43%

57 of the 84 US High Yield funds charge less.

PSQO costs $52.00 a year on $10,000. The median US High Yield fund costs $43.50.