PAAAPGIM AAA CLO ETF

Grow my money Get income2y track recordRanked #160 of 1,622 in this goal

Seeks to maximize total return through current income and capital appreciation.

By PGIM · Launched 2023

Annual Cost

0.19%

#957 of 5,562 · low cost

Fund Size

$10.2B

#271 of 5,562 · large

Return (1Y)Goal

+5.2%

Track Record

2 years

#3,086 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,514+5.1%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

Focus

CLO

What it actually holds

By weight

Concentration

Top 10 holdings = 10.3% of fund✓ well diversified

(PIPA070) PGIM Core Government Money Market Fund

1.8%

Signal Peak CLO, LLC

1.1%

Madison Park Funding Ltd

1.0%

Empower CLO Ltd.

1.0%

Carlyle Global Market Strategi

0.9%

KKR Financial CLO Ltd

0.9%

RR Ltd

0.9%

Golub Capital Partners CLO, LT

0.9%

Neuberger Berman CLO Ltd

0.9%

Babson CLO Ltd

0.9%

Asset allocation

Bonds

96.3%

Cash

3.7%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

0.5%Low

Year-on-year price swings

Max drawdown

-1.0%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.8 years

Avg maturity

10.0 years

Credit ratings

AAA

100.0%

Other

0.0%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to maximize total return through current income and capital appreciation.
Strategy: Invests primarily in U.S. dollar-denominated AAA-rated CLOs, using active management and a combination of economic analysis and research for security selection. May also invest in lower-rated CLOs and utilize derivatives for risk management and return enhancement.
Inception date: July 19, 2023
Fund family: PGIM