Palmer Square CLO Senior Debt ETF (PSQA)
ARCA ARCA Primary Summary
PSQA Chart
Palmer Square Leverages CLO Expertise for New ETFs
On Thursday, Palmer Square Capital Management launched two new ETFs. These funds are the Palmer Square Credit Opportunities ETF (PSQO) and the Palmer Square CLO Senior Debt ETF (PSQA).
Palmer Square CLO Senior Debt ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DW Drew Waldron Canvas Wealth Advisors LLC | 46,161 | $943,530.84 | $949,070.16 | $5,539.32 | 0.59% |
| HM Heidi Mark ENDEAVOR PRIVATE WEALTH Inc. | 13,908 | $282,796.69 | $286,782.96 | $3,986.27 | 1.41% |
 Christopher C. Powers Farther Finance Advisors, LLC | 9,609 | $195,740.92 | $197,080.59 | $1,339.67 | 0.68% |
 Kerri Hicken FULLCIRCLE WEALTH LLC | 19,449 | $398,316 | $399,871.44 | $1,555.44 | 0.39% |
 Steven T. Cox Providence Financial Advisors LLC | 245,109 | $5.01M | $5.03M | $20,840.22 | 0.42% |
Palmer Square CLO Senior Debt ETF (PSQA) FAQ
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Palmer Square CLO Senior Debt ETF Profile
| ARCA Exchange | US Country |
Overview
The described entity is an investment fund that focuses primarily on Collateralized Loan Obligations (CLOs) debt rated at the high end of the credit spectrum (AAA or AA) at the time of issuance by at least one of the major rating agencies or deemed equivalent by Palmer Square Capital Management LLC. The fund employs a rules-based observable pricing and total return indexing strategy to meet its objectives. It stands out for its non-diversified approach, indicating a concentrated investment in the specific asset class of high-rated CLO debt instruments available for sale in the United States. This approach suggests a focus on achieving potential high returns from a select set of CLO securities, reflective of the high credit ratings and the specialized management strategy guiding the fund's investments.
Products and Services
The fund's main offerings revolve around investment in high-credit-quality CLO debt, using a strategic approach designed by Palmer Square Capital Management LLC to navigate and leverage the complexities of the CLO market. The products and services include:
- AAA or AA Rated CLO Debt Investments - The fund focuses on investing in the upper echelons of CLO debt, specifically securities rated AAA or AA. These ratings indicate a lower risk of default and are deemed to be of high credit quality. By concentrating on these investment-grade assets, the fund aims to provide investors with a blend of stability and attractive returns, leveraging the stringent selection criteria set forth by major rating agencies or equivalent assessments.
- Rules-Based Observable Pricing and Total Return Index - The adoption of a disciplined, rules-based indexing strategy is central to the fund's operation. This method entails systematic observation and pricing of CLO debt instruments, coupled with the calculation of total returns. This transparent and structured approach facilitates the identification of valuable investment opportunities within the high-rated CLO debt market, aiming to optimize the fund’s performance and effectively manage investment risks.
- Non-Diversified Fund Strategy - Unlike diversified funds, this fund employs a non-diversified strategy, concentrating its investments in the high-credit-quality segment of the CLO debt market. This strategic focus allows the fund to potentially capitalize on the nuances and specific opportunities presented by the CLO sector, albeit with a higher concentration risk. This approach is suitable for investors seeking targeted exposure to top-tier CLO debt assets under a specialized management strategy.
