PGIM AAA CLO ETF

Frequently Asked Questions About PAAA

What does PAAA invest in?

The core objective of this ETF is to achieve the greatest possible comprehensive financial gain. This is accomplished by focusing on both consistent income generation and the growth in value of its underlying assets.

What is the expense ratio of PAAA?

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

What is PAAA's dividend yield?

PAAA's trailing-twelve-month yield is 5.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PAAA?

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

What is the credit quality of PAAA?

PAAA'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 PAAA?

Yield to maturity (YTM) is the total return you'd earn from PAAA if every bond in the portfolio is held to maturity at the current price. PAAA'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.