PGIM AAA CLO ETF is an excellent option for ultrashort-bond investors in search of higher income. Morningstar initiates analyst coverage with Above Average People and Process ratings.
PGIM AAA CLO ETF PAAA
Morningstar’s Analysis PAAA
Will PAAA outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 11.7
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Prudential Govt Money Mkt Fd | 5.54 | 579M | Cash and Equivalents |
CBAMR 2017-2 LTD | 1.87 | 195M | Securitized |
Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 0.0001% | 1.53 | 160M | Securitized |
BALBOA BAY LOAN FUNDING 2024-1 LTD 0.0001% | 1.20 | 125M | Securitized |
BATTALION CLO XXXII LTD | 1.20 | 125M | Securitized |
Elevation Clo 2021-12 Ltd. 4.94618% | 1.10 | 115M | Securitized |
Octagon Investment Partners 31 Ltd. 4.97709% | 1.01 | 105M | Securitized |
Cbam 2020-13 Ltd. 4.98013% | 0.96 | 100M | Securitized |
ELMWOOD CLO 25 LTD | 0.96 | 100M | Securitized |
Ballyrock Clo 2019-2 Ltd / Ballyrock Clo 2019-2 LLC 4.90659% | 0.94 | 98M | Securitized |
United States