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 Process and People Pillar ratings limits this strategy to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the cheapest 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 12.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

8.51 44.5 Mil
Cash and Equivalents

Bain Capital Credit CLO 2022-1 Ltd / LLC 6.59924%

1.34 7.0 Mil
Securitized

SOUND POINT CLO XXVIII LTD 6.5646%

1.34 7.0 Mil
Securitized

Sound Pt Clo Xxi Ltd / Sound Pt 144A FRN 6.57921%

1.29 6.8 Mil
Corporate

Symphony CLO 40 Ltd / Symphony CLO 40 LLC 6.94137%

1.25 6.5 Mil
Securitized

GENERATE CLO 11 LTD 6.2516%

1.16 6.1 Mil
Securitized

AGL CLO 32 LTD 6.64533%

1.15 6.0 Mil
Securitized

GENERATE CLO 4 LTD 6.71201%

1.15 6.0 Mil
Securitized

HPS Loan Management 10-2016 LTD/LLC 6.68362%

1.15 6.0 Mil
Securitized

SIGNAL PEAK CLO 12 LTD 6.67132%

1.15 6.0 Mil
Securitized

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