PAAAPGIM AAA CLO ETF
Seeks to maximize total return through a combination of current income and capital appreciation.
By PGIM · Launched 2023
Annual Cost
0.19%
#870 of 6,040 · low cost
Fund Size
$12.4B
#242 of 6,040 · large
Return (1Y)
+4.9%
Track Record
3 years
#3,022 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,489+4.9%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 13.8% of funddiversified
(PIPA070) PGIM Core Government Money Market Fund
5.2%
CARLYLE US CLO 2023-3 LTD
1.0%
SYMP SERIES 2021-28A CLASS A
1.0%
GOLUB CAPITAL PARTNERS CLO 19(B)-R3 LTD
1.0%
BALBOA BAY LOAN FUNDING 2022-1 LTD
1.0%
Madison Park Funding Xxxiv Ltd.
1.0%
720 EAST CLO 2023-II LTD
0.9%
BARINGS CLO 2025-III LTD
0.9%
RR 1 LTD
0.9%
GARNET CLO 3 LTD
0.9%
Asset allocation
Bonds
95.9%
Cash
4.1%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
0.5%Low
Year-on-year price swings
Max drawdown
-1.0%Mild
Worst peak-to-trough loss
Sharpe (3Y)
2.39Strong risk-adjusted returns
Sortino (3Y)
3.16Good downside protection
Bond profile
Duration
4.7 years
Avg maturity
10.0 years
Credit ratings
AAA
100.0%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Seeks to maximize total return through a combination of current income and capital appreciation.
- Strategy
- Actively manages a portfolio of U.S. dollar-denominated collateralized loan obligations (CLOs), primarily investing in those rated AAA or equivalent. The Fund may also invest in non-U.S. dollar denominated instruments and employs derivatives to enhance returns or hedge risks.
- Inception date
- July 19, 2023
- Fund family
- PGIM
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Data updated on 2026-09-18