The investment objective of the Fund is to track the risk and return characteristics of the Reference Index, less the fees and expenses of the Fund. The Palmer Square EUR CLO Senior Debt Index (ticker: ECLOSE) (the "Reference Index") is a rulesbased observable pricing and total return indices for CLO debt originated in Europe, original rated AAA, AA or equivalent. It is designed to reflect the risk and return characteristics of a diversified portfolio of CLOs on a long-only and liquid basis.