PGIM AAA CLO ETF (PAAA)
PAAA is an actively managed ETF by PGIM. PAAA launched on Jul 19, 2023 and has a 0.19% expense ratio.
ETF Info
US69344A8348
Jul 19, 2023
1x
No Index (Active)
Expense Ratio
PAAA has an expense ratio of 0.19%, which is considered low.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM AAA CLO ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM AAA CLO ETF (PAAA) returned 1.61% year-to-date (YTD) and 6.28% over the past 12 months.
PAAA
1.61%
1.17%
2.64%
6.28%
N/A
N/A
^GSPC (Benchmark)
-4.26%
11.24%
-5.02%
8.55%
14.02%
10.31%
Monthly Returns
The table below presents the monthly returns of PAAA, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.63% | 0.28% | 0.10% | 0.22% | 0.38% | 1.61% | |||||||
| 2024 | 0.71% | 0.71% | 0.51% | 0.59% | 0.84% | 0.52% | 0.52% | 0.53% | 0.62% | 0.56% | 0.58% | 0.54% | 7.47% |
| 2023 | 0.05% | 0.80% | 0.56% | 0.55% | 0.88% | 0.93% | 3.83% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
With an overall rank of 99, PAAA is among the top 1% of ETFs on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM AAA CLO ETF (PAAA) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM AAA CLO ETF provided a 5.37% dividend yield over the last twelve months, with an annual payout of $2.75 per share.
| Period | TTM | 2024 | 2023 |
|---|---|---|---|
| Dividend | $2.75 | $3.01 | $1.39 |
Dividend yield | 5.37% | 5.88% | 2.76% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM AAA CLO ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.21 | $0.19 | $0.23 | $0.22 | $0.86 | |||||||
| 2024 | $0.00 | $0.28 | $0.27 | $0.30 | $0.27 | $0.28 | $0.22 | $0.24 | $0.24 | $0.25 | $0.20 | $0.45 | $3.01 |
| 2023 | $0.29 | $0.23 | $0.29 | $0.59 | $1.39 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM AAA CLO ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM AAA CLO ETF was 1.04%, occurring on Apr 10, 2025. Recovery took 9 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -1.04% | Apr 3, 2025 | 6 | Apr 10, 2025 | 9 | Apr 24, 2025 | 15 |
| -0.27% | Feb 8, 2024 | 1 | Feb 8, 2024 | 9 | Feb 22, 2024 | 10 |
| -0.25% | Mar 10, 2025 | 11 | Mar 24, 2025 | 3 | Mar 27, 2025 | 14 |
| -0.17% | Nov 27, 2023 | 2 | Nov 28, 2023 | 1 | Nov 29, 2023 | 3 |
| -0.16% | Mar 28, 2025 | 1 | Mar 28, 2025 | 2 | Apr 1, 2025 | 3 |
Volatility
Volatility Chart
The current PGIM AAA CLO ETF volatility is 1.10%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.