Key stats
About PGIM ETF Trust PGIM AAA CLO ETF
Home page
Inception date
Jul 19, 2023
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
PAAA provides exposure to collateralized loan obligations dominated in USD in seeking to maximize total return through current income and capital growth. It mainly focuses on the senior tranches of CLOs which have the highest ratings, the lowest risk, and minimal yields. Securities selected are typically with floating rates and AAA ratings, although it may hold lower ratings no less than A- up to 20% of the portfolio. The fund also maintains its diversification by not investing more than 10% in any single CLO and capping its fixed-rate CLOs. In managing the fund, top-down economic analysis is paired with bottom-up research to develop views on economic, policy, and market trends, as well as internal rating and outlook on issuers. The fund may also utilize derivatives including futures, forwards, options, and swaps to hedge investment risks. Due to the funds active management, investment decisions are at the discretion of the manager.
Classification
What's in the fund
Exposure type
Securitized
Bonds, Cash & Other100.00%
Securitized93.93%
Cash5.94%
Corporate0.13%
Top 10 holdings
Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.