PSQA was created on 2024-09-11 by Palmer Square. The fund's investment portfolio concentrates primarily on investment grade fixed income. The ETF currently has 116.82m in AUM and 93 holdings. PSQA tracks a market value-weighted index of floating rate, USD-denominated arbitrage collateralized loan obligations (CLOs) rated as AAA or AA by at least one of the major rating agencies. The fund specifically invests in the senior tranches of a CLO.