PGIM AAA CLO ETF (PAAA)
| Assets | $3.61B |
| Expense Ratio | 0.19% |
| PE Ratio | n/a |
| Shares Out | 70.40M |
| Dividend (ttm) | $2.70 |
| Dividend Yield | 5.25% |
| Ex-Dividend Date | Jul 1, 2025 |
| Payout Frequency | Monthly |
| Payout Ratio | n/a |
| Volume | 379,274 |
| Open | 51.31 |
| Previous Close | 51.33 |
| Day's Range | 51.31 - 51.35 |
| 52-Week Low | 50.44 |
| 52-Week High | 52.06 |
| Beta | 0.03 |
| Holdings | 322 |
| 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 |
|---|---|---|
| Jul 1, 2025 | $0.2233 | Jul 3, 2025 |
| Jun 2, 2025 | $0.229 | Jun 4, 2025 |
| May 1, 2025 | $0.2241 | May 5, 2025 |
| Apr 1, 2025 | $0.2313 | Apr 3, 2025 |
| Mar 3, 2025 | $0.1916 | Mar 5, 2025 |
| Feb 3, 2025 | $0.212 | Feb 5, 2025 |
Performance
PAAA had a total return of 6.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 7.26%.
News
PAAA: Among The Safest AAA CLO ETF
PGIM AAA CLO ETF offers a safer alternative to most AAA CLO funds for risk-on cash allocations. PAAA demonstrated superior performance and stability compared to sector leader JAAA during the recent ma...
AAA-Rated CLOs: Safety and Yield in Today's Market
Matt Collins discusses why volatile markets are driving investors to search for safety and steady returns. He makes the case for AAA-rated CLOs, collateralized loan obligations, which have learned fro...
PAAA: Protecting Your Capital From Continued Declines
PAAA offers stability and resilience amid market volatility, with a 5.5% dividend yield and minimal decline compared to broader indexes. The fund focuses on AAA-rated CLO debt, ensuring high priority ...
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 ...