Palmer Square Credit Opportunities ETF

C000249932 Fund Overview

Palmer Square Credit Opportunities ETF is a US ETF managed by Palmer Square Funds Trust, categorised as Intermediate Securitized (MBS/ABS/CMBS) Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US ETF
• Manager: Palmer Square Funds Trust
• Category: Intermediate Securitized (MBS/ABS/CMBS) Bond
• Assets under management: $259.14M
• 1-year return: 5.2%
• SEC CIK: 0002014487
• SEC series ID: S000085069
• Share class ID: C000249932

C000249932 Investment Objective and Strategy

Palmer Square Credit Opportunities ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Palmer Square Funds Trust.

Investment objective

Palmer Square Credit Opportunities ETF (the Fund) seeks a high level of current income.

Principal investment strategy

Under normal circumstances, the Fund invests at least 80% of its net assets (plus any borrowings for investment purposes) in debt securities (the 80% Policy). The Fund may invest in domestic and foreign debt securities of any maturity and credit quality, including securities rated below investment grade and unrated securities determined by the Funds investment advisor to be of comparable credit quality (commonly referred to as high yield securities or junk bonds). The types of debt securities in which the Fund may invest include, but are not limited to, (i) collateralized debt obligations (CDOs), collateralized loan obligations (CLOs) and other similar types of asset -backed and mortgage -backed securities of various tranches or classes, (ii) corporate bonds, notes and debentures, (iii) securities issued or guaranteed by the U.S.

government, its agencies, instrumentalities or sponsored entities, (iv) senior secured floating rate and fixed rate loans or debt, and (v) second lien or other subordinated or unsecured floating rate and fixed rate loans or debt. The Fund may invest a significant portion of its assets in one or more investment types. Some of the loans in which the Fund may invest or get exposure to through its investments in CDOs, CLOs or other types of structured securities may be covenant lite loans. The Fund may invest in both U.S. dollar denominated and non -U .S. dollar denominated loans and securities, as well as securities of foreign issuers. Asset -backed securities are pass -through certificates and other instruments secured by financial, physical and/or intangible assets. Such assets may include loans or leases secured by motor vehicles or other equipment, consumer receivables from sources such as credit cards or student loans, or cash flows from operating assets such as royalties and leases.

Mortgage -backed securities in which the Fund may invest include those issued or guaranteed by federal agencies and/or U.S. Government sponsored instrumentalities, such as the Government National Mortgage Administration (Ginnie Mae), the Federal Housing Administration (FHA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac). The Fund may also invest in commercial mortgage -backed securities (CMBS) and collateralized mortgage -backed securities (CMOs) issued or guaranteed by private entities. For the purposes of achieving the Funds investment objectives, hedging risks, and enhancing liquidity, the Fund may also employ derivatives, such as: puts and calls on U.S. Treasury futures; options, swaps, and other interest rate derivatives; and credit default swaps on selected entities or indexes (where the Fund may act as either buyer or seller).

The Funds investments in derivatives and other synthetic instruments that have economic characteristics similar to debt securities in which the Fund may invest directly will be treated as debt securities for purposes of the 80% policy. The Fund is actively managed and does not seek to replicate the composition or performance of any index. Accordingly, portfolio management has discretion to manage the Funds portfolio in accordance with the Funds investment objectives. In pursuing the Funds investment objectives, Palmer Square Capital Management LLC (the Advisor) uses a blend of top -down analysis which includes macro analysis e.g., market, economic and geopolitical factors, relative value analysis across different asset classes, and monitoring of industry and sector trends, and bottom -up analysis which involves individual issuer and management analysis and security/transaction evaluation that seeks to identify debt securities that it believes can provide highly competitive rate yields and total return over the long term with relatively mitigated credit risk.

The Advisor seeks to mitigate risk through bottom -up analysis of credit risk, diversification and hedging. The Funds investment strategy may involve active and frequent trading of portfolio securities. The Fund is non -diversified , which means it may invest a greater portion of its assets in fewer issuers than would otherwise be the case.

C000249932 Holdings

Top 10 holdings of Palmer Square Credit Opportunities ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000249932 holdings

C000249932 Portfolio Allocation

Asset-class allocation of Palmer Square Credit Opportunities ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000249932 Performance

Total returns for C000249932 (as of 2026-10-01), from SEC filings.

C000249932 Risk Information

Risk metrics for C000249932, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 1.0%

C000249932 Costs and Fees

C000249932 costs about $52 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.52%
• Gross expense ratio: 0.52%
• Portfolio turnover: 100%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000249932 Cashflows

Over the 12 months to 2026-06, Palmer Square Credit Opportunities ETF had net inflows of $183.34M, from monthly SEC N-PORT filings.

C000249932 Debt Constituents

Largest debt holdings of Palmer Square Credit Opportunities ETF by percentage of net assets, from the latest SEC N-PORT filing.

C000249932 Prospectus and SEC Filings

Official Palmer Square Credit Opportunities ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2025-10-27
• Portfolio holdings (N-PORT) — filed 2026-08-20
• Portfolio holdings (N-PORT) — filed 2026-05-21
• Portfolio holdings (N-PORT) — filed 2026-02-26
• Annual census (N-CEN) — filed 2026-09-09
• Annual census (N-CEN) — filed 2025-09-09

Related Funds

Other Intermediate Securitized (MBS/ABS/CMBS) Bond funds tracked on ABC INVEST:

• JPMorgan Short Duration Bond Fund (HLLVX)
• Fpa New Income Fund (FPNIX)
• Victory Pioneer Multi-Asset Ultrashort Income Fund (MYFRX)
• DoubleLine Low Duration Bond Fund (DBLSX)
• Virtus Newfleet Multi-Sector Short Term Bond Fund (NARAX)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.