PGIM AAA CLO Aggregate Duration ETF

Frequently Asked Questions About AAAD

What does AAAD invest in?

PGIM ETF Trust - PGIM AAA CLO Aggregate Duration ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Credit and PGIM Limited. It invests in fixed income markets. The fund primarily invests in U.S. dollar-denominated collateralized loan obligations that are rated AAA by S&P. It employs fundamental and quantitative analysis with bottom-up and top-down security picking approach to create its portfolio. The fund employs proprietary research to create its portfolio. PGIM ETF Trust - PGIM AAA CLO Aggregate Duration ETF is domiciled in the United States.

What is the expense ratio of AAAD?

PGIM AAA CLO Aggregate Duration ETF (AAAD) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is AAAD's dividend yield?

AAAD's trailing-twelve-month yield is 1.18%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of AAAD?

Effective duration measures AAAD's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. AAAD's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of AAAD?

AAAD's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of AAAD?

Yield to maturity (YTM) is the total return you'd earn from AAAD if every bond in the portfolio is held to maturity at the current price. AAAD's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.