(PAAA) PGIM Trust - Overview
ETF Category: Securitized Bond - Focused | Exchange: NYSE ARCA (USA) | Market Cap: 9.842m USD | Total Return: 5.4% in 12m
Avg Turnover: 71.9M
Warnings
No concerns identified
Tailwinds
No distinct edge detected
The PGIM AAA CLO ETF (PAAA) focuses on capital preservation and income by investing at least 80% of its assets in U.S. dollar-denominated collateralized loan obligations (CLOs). These instruments must be rated AAA by a major credit rating agency at the time of purchase or deemed of equivalent quality by the funds subadviser.
CLOs are securitized financial products backed by a pool of loans, typically senior secured corporate loans, which sit at the top of a companys capital structure. The AAA-rated tranches targeted by this fund represent the most senior layer of the CLO, providing the highest level of credit enhancement and first priority on cash flows from the underlying loan pool.
Investors can further evaluate the underlying risk metrics and historical performance of these securitized assets on ValueRay. As a non-diversified fund, PAAA may hold larger positions in a smaller number of issuers compared to broader bond funds, increasing its sensitivity to individual credit events within the high-grade securitization market.
- Interest rate volatility impacts underlying CLO valuations and investor yields
- Credit spread fluctuations shift demand for top-tier AAA-rated debt securities
- Corporate loan default rates influence market sentiment toward collateralized assets
- Federal Reserve monetary policy cycles dictate net interest income potential
- Secondary market liquidity constraints affect fund net asset value stability
As of May 28, 2026, the stock is trading at USD 51.49 with a total of 1,037,050 shares traded.
Over the past week, the price has changed by +0.10%,
over one month by +0.49%,
over three months by +1.18% and
over the past year by +5.42%.
PGIM Trust has no consensus analysts rating.