Key stats
About PGIM ETF Trust PGIM AAA CLO ETF
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Inception date
Jul 19, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
PAAA provides exposure to collateralized loan obligations dominated in USD in seeking to maximize total return through current income and capital growth. It mainly focuses on the senior tranches of CLOs which have the highest ratings, the lowest risk, and minimal yields. Securities selected are typically with floating rates and AAA ratings, although it may hold lower ratings no less than A- up to 20% of the portfolio. The fund also maintains its diversification by not investing more than 10% in any single CLO and capping its fixed-rate CLOs. In managing the fund, top-down economic analysis is paired with bottom-up research to develop views on economic, policy, and market trends, as well as internal rating and outlook on issuers. The fund may also utilize derivatives including futures, forwards, options, and swaps to hedge investment risks. Due to the funds active management, investment decisions are at the discretion of the manager.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized94.60%
Cash4.69%
Corporate0.71%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAAA invests in bonds. The fund's major sectors are Securitized, with 94.60% stocks, and Corporate, with 0.71% of the basket. The assets are mostly located in the N/A region.
PAAA last dividends amounted to 0.22 USD. The month before, the issuer paid 0.23 USD in dividends, which shows a 3.19% decrease.
PAAA assets under management is 3.28 B USD. It's risen 8.11% over the last month.
PAAA fund flows account for 3.12 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PAAA pays dividends to its holders with the dividend yield of 5.31%. The last dividend (May 5, 2025) amounted to 0.22 USD. The dividends are paid monthly.
PAAA shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Jul 19, 2023, and its management style is Active.
PAAA expense ratio is 0.19% meaning you'd have to pay 0.19% of your investment to help manage the fund.
PAAA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAAA invests in bonds.
PAAA price has risen by 0.67% over the last month, and its yearly performance shows a 0.65% increase. See more dynamics on PAAA price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a −0.10% decrease in three-month performance and has increased by 0.66% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.61% over the last month, showed a −0.10% decrease in three-month performance and has increased by 0.66% in a year.
PAAA trades at a premium (0.02%) meaning the ETF is trading at a higher price than the calculated NAV.