PGIM AAA CLO ETF (PAAA)
| Assets | $2.10B |
| Expense Ratio | 0.19% |
| PE Ratio | n/a |
| Shares Out | 41.43M |
| Dividend (ttm) | $3.01 |
| Dividend Yield | 5.86% |
| Ex-Dividend Date | Dec 27, 2024 |
| Payout Ratio | n/a |
| 1-Year Return | +1.22% |
| Volume | 582,239 |
| Open | 51.42 |
| Previous Close | 51.39 |
| Day's Range | 51.41 - 51.44 |
| 52-Week Low | 50.63 |
| 52-Week High | 51.44 |
| Beta | n/a |
| Holdings | 305 |
| Inception Date | Jul 19, 2023 |
About PAAA
Fund Home PageThe PGIM AAA CLO ETF (PAAA) is an exchange-traded fund that mostly invests in investment grade fixed income. The fund is an actively managed fund that holds USD-denominated collateralized loan obligations with AAA credit rating. Securities are selected using both top-down analysis and bottom-up research. PAAA was launched on Jul 19, 2023 and is issued by PGIM.
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 27, 2024 | $0.249 | n/a |
| Dec 2, 2024 | $0.197 | n/a |
| Nov 1, 2024 | $0.205 | Nov 7, 2024 |
| Oct 1, 2024 | $0.248 | Oct 7, 2024 |
| Sep 3, 2024 | $0.244 | Sep 9, 2024 |
| Aug 1, 2024 | $0.243 | Aug 7, 2024 |
News
PAAA: Newer AAA CLO ETF, Competitive Yield, Stable Share Price
PAAA is a newer ETF investing in AAA-rated CLOs. Default rates for these securities are zero. Dividends are good, with a 5.9% yield. Despite potential Fed cuts, PAAA's yield should remain competitive,...
PAAA: PGIM's Answer To The AAA CLO Dilemma
PGIM launched PAAA in 2023, targeting retail investors with access to the $1.2 trillion collateralized loan obligation (CLO) market, traditionally reserved for institutions. PAAA primarily invests in ...