PSQO ETF — Palmer Square Credit Opportunities ETF

Palmer Square Credit Opportunities ETF (PSQO)

Updated October 16, 2026.

PSQO is an ETF. its distribution rate is 5.20%, its trailing-12-month yield is 4.59%, its expense ratio is 0.52%. Dividend Vision Distribution Safety Score™ is 97/100 (Safe). Total return is 12.4% over the past 2.1 years, 27.7 points behind SPY at 40.1%.

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

Price and return data through 2026-10-16.

Total return is 12.4% over the past 2.1 years, 27.7 points behind SPY at 40.1%. Over the past year its total return — price change plus distributions reinvested — is 4.4%. Its deepest 1-year drawdown was 1.9%.

PSQO key facts

Distribution Safety Score™

97 · Safe

Safety-Adjusted Yield

5.04%

Issuer

Palmer Square Capital Management

Asset type

ETF

Asset class

Fixed Income

Inception date

09/11/2024

Expense ratio

0.52%

Distribution rate

5.20%

Distribution frequency

Quarterly

Trailing yield

4.59%

Last close

$20.59 (as of 2026-10-16)

AUM

$307,715,030

Average volume

49197.0

Dividend

$0.26748

Ex-dividend date

09/24/2026

Payment date

09/30/2026

Beta

0.0374

How Dividend Vision calculates yield and returns

Distribution rate (5.20%) uses calculation basis unavailable. Issuer rates can use a different denominator and date, including ex-date NAV. Trailing-12-month yield (4.59%) is the sum of split-adjusted cash distributions with ex-dates in the last 12 months, divided by the published price. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

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 1.9%.

Who may consider PSQO — and who may not

PSQO may suit someone looking for a high Distribution Safety Score, 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.

More on PSQO

• All tickers starting with P

Tagged: Fixed Income.

Frequently asked questions

More securities from Palmer Square Capital Management.