PSQO ETF — Palmer Square Credit Opportunities ETF

Palmer Square Credit Opportunities ETF (PSQO)

PSQO is an ETF. As of August 19, 2026, its distribution rate is 4.64%, its trailing-12-month yield is 4.50%, its expense ratio is 0.52%. Dividend Vision Distribution Safety Score™ is 50/100 (Caution). Fund total return is 12.1% over the past 1.9 years, 28.4 points behind SPY at 40.5%.

At the current 4.64% distribution rate, a $10,000 investment would generate approximately $464 per year, or $38.67 per month on an equivalent basis. Actual quarterly payments vary.

Palmer Square Credit Opportunities ETF is an actively managed fund that invests at least 80% of its assets in debt securities across the full credit spectrum, including below-investment-grade and unrated bonds of any maturity, domestically and internationally. The fund distributes quarterly income at a current high distribution rate and carries an expense ratio of 0.52%. It appeals to income-focused investors seeking higher-yielding fixed income exposure with flexibility across credit qualities and geographies.

PSQO performance versus SPY

Data as of August 19, 2026.

Fund total return is 12.1% over the past 1.9 years, 28.4 points behind SPY at 40.5%. Its deepest 1-year drawdown was 0.7%.

PSQO key facts

Data as of August 19, 2026.

Distribution Safety Score™

50 · Caution

Issuer

Palmer Square Capital Management

Asset type

ETF

Asset class

Fixed Income

Expense ratio

0.52%

Distribution rate

4.64%

Distribution frequency

Quarterly

Trailing yield

4.50%

Last close

$20.80

AUM

$285,045,490

Average volume

37485.0

Last dividend

$0.2410

Ex-dividend date

06/24/2026

Payment date

06/30/2026

Beta

0.0374

How Dividend Vision calculates yield and returns

Distribution rate (4.64%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.50%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: Palmer Square Capital Management; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PSQO risks and drawbacks

Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.7%.

Who may consider PSQO — and who may not

PSQO may suit someone looking for moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (PSQO pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More funds from Palmer Square Capital Management.