Net Asset Value(s)

On Dec. 12, 2025 Palmer Square EUR CLO Senior Debt Index UCITS ETF (ISIN IE000JTHNWF0) reported a shareholder equity base of 53,070,360.80 with 1,050,000 units outstanding across two share classes: PCLS (GBP) NAV £44.4271 and PCL0 (EUR) NAV €50.5432. The publication provides investors and allocators with the fund's per‑share valuations and scale for performance tracking and position management.

Analysis

Palmer Square EUR CLO Senior Debt Index UCITS ETF reported NAVs dated 12/12/2025 for two share classes: PCLS (GBP) at £44.4271 and PCL0 (EUR) at €50.5432, with 1,050,000 units outstanding and a reported shareholder equity base of 53,070,360.80. The publication is a routine NAV statement that provides per‑share valuations across currency share classes for position marking and tracking.

The fund’s branding and theme classification indicate exposure to CLO senior debt, so its NAV will be sensitive to corporate credit spreads and CLO market technicals; the two currency share classes introduce explicit FX transmission between GBP and EUR NAVs for investors. The modest scale — roughly 53 million in shareholder equity and 1.05 million shares outstanding — implies limited asset base relative to large fixed‑income ETFs and may constrain secondary‑market depth and block trade liquidity.

Associated signals are neutral with a low market impact score (0.12), suggesting no material news beyond the NAV release. Investors should therefore focus on secondary‑market premium/discounts to these NAVs, currency selection or hedging between share classes, and monitoring CLO spread moves and liquidity conditions that would more meaningfully affect future NAVs.

Key Decisions for Investors

• Compare live secondary‑market prices to the published NAVs and avoid large executions if there is a meaningful premium or discount relative to the reported £44.4271/€50.5432 NAVs
• Choose the share class that matches your liability currency or implement FX hedging because the GBP and EUR NAVs reflect currency exposure between PCLS and PCL0
• Limit position size relative to the fund’s ~53,070,360.80 equity base and 1,050,000 shares outstanding to avoid market‑impact on entry/exit and consider using limit orders or VWAP execution
• Monitor CLO senior debt spreads and broader credit‑market liquidity as the primary drivers of NAV movement and reassess exposure if spreads widen materially or secondary liquidity deteriorates