Palmer Square CLO Senior Debt ETF (PSQA)

The Palmer Square CLO Senior Debt ETF is a fixed-income fund from Palmer Square Capital Management, an investment firm based in the Kansas City area that specializes in credit and collateralized loan obligations.

The fund invests in the senior debt tranches of CLOs, which are securities backed by diversified pools of broadly syndicated corporate loans. It concentrates on the highest-rated tranches, typically rated AAA and AA, which are first in line for payments within the CLO structure. Because CLO debt usually pays floating rates, the fund has very low interest-rate sensitivity.

Trading on NYSE Arca under the ticker PSQA, the fund seeks to track an index of senior CLO debt and aims to provide floating-rate income.