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Morningstar

PGIM AAA CLO ETF PAAA

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub

Morningstar’s Analysis PAAA

Will PAAA outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PAAA’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PAAA management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PAAA’s parent organization’s priorities and whether they’re in line with investors’ interests.

Weakness in PGIM AAA CLO ETF's People and Process Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PAAA

More PAAA Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 21.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

3.06 4.8 Mil
Cash and Equivalents

BROAD RIVER BSL FUNDING CLO LTD 6.75617%

2.72 4.3 Mil
Securitized

Cifc Funding 2015-IV Limited 6.65617%

2.40 3.7 Mil
Securitized

Ppm Clo 5 Ltd/Llc 6.78854%

2.25 3.5 Mil
Securitized

Cbam 2020-12 Ltd / Llc 6.76617%

2.24 3.5 Mil
Securitized

Neuberger Berman CLO XVI-S LTD/LLC 6.63017%

2.24 3.5 Mil
Securitized

Z CAPITAL CREDIT PARTNERS BSL CLO 2024-1 LTD 7.28125%

2.09 3.3 Mil
Securitized

Voya Clo 2020-2 Ltd / Llc 6.74817%

2.08 3.3 Mil
Securitized

RAD CLO 12 LTD 6.74904%

1.93 3.0 Mil
Securitized

OCEAN TRAILS CLO XV LTD 7.02185%

1.92 3.0 Mil
Securitized