# PGIM AAA CLO Aggregate Duration ETF (AAAD): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/aaad for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2026-06-01 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 Un... ## Key Facts | Metric | Value | |---|---| | Price | $48.90 | | Expense Ratio | 0.19% | | Assets Under Management | $25.7M | | NAV | $48.87 | | Holdings Count | 0 | | Distribution Yield (TTM) | 1.56% | | Annual Distribution (TTM) | $0.76 /share | | Distribution Frequency | Monthly | | 52-Week Range | $47.91 – $50.42 | | Beta | 0.78 | ## Latest Distribution - Amount: $0.1880 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### 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 1.56%, 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. ### Does AAAD pay a dividend? Yes, PGIM AAA CLO Aggregate Duration ETF (AAAD) distributes dividends to shareholders. The trailing-twelve-month yield is 1.56%. Full dividend history is on this page. ### How often does AAAD pay dividends? PGIM AAA CLO Aggregate Duration ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is AAAD's next ex-dividend date? The most recently announced ex-dividend date for AAAD was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will AAAD's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does AAAD charge its expense ratio? The expense ratio is deducted in tiny daily slices from AAAD's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does AAAD cost more than a fund like VOO? AAAD is a passive index fund (current expense ratio 0.19%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to AAAD? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as AAAD (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/aaad - Distribution history: https://www.dividenddata.com/funds/aaad/dividend - Holdings & diversification: https://www.dividenddata.com/funds/aaad/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/aaad/expenses - Peer comparison: https://www.dividenddata.com/funds/aaad/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.