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Launched

PGIM AAA CLO Aggregate Duration ETF

AAADNYSE ArcaC

$48.140.00 (0.00%)

As of Oct 13, 2026, 9:46 AM

C44/ 100

Rank 22 of 34 in Collateralized Loan Obligations (CLO)

C44/100Rank 22 of 34inCollateralized Loan Obligations (CLO)
Intraday session: flat, 1 prints from 48.14 to 48.14. Range 48.14 to 48.14. Use the arrow keys to read each point.47.5049.0010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$25M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
9
Avg volume · 30D
0M sh
NAV per share
$48.11
52W range
low $47.91high $50.42
Launched

The ETF.net AAAD Grade

Based on 5 of 6 pillars

C

Score 44 out of 100

Category
Collateralized Loan Obligations (CLO)⁠
Rank
22 of 34
Six-pillar profile for AAAD. Scores out of 100: Cost 83, Risk 8, Mission not scored, Tradability 20, Holdings 24, Durability 41. Strongest: Cost (83). Weakest: Risk (8). Based on 5 of 6 pillars.

Score 44 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A83 out of 100
    Rank 1 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    F8 out of 100
    Rank 33 of 33

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F20 out of 100
    Rank 32 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    F24 out of 100
    Rank 30 of 34

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C41 out of 100
    Rank 25 of 34

Our read on AAAD

ETF.net Research

CAlmost every AAA CLO ETF is floating rate with next to no duration. AAAD takes the same senior CLO collateral and layers Treasury futures on top, targeting a duration within a year of the broad US bond index. A core-style bond fund built out of CLOs.

Stated mandate

Seeks to maximize total return through current income and capital appreciation.

Why people hold it

  1. 01The mechanism is the whole idea: AAA-rated CLOs for the credit exposure, Treasury futures and rate swaps for the duration, aiming to stay within a year of the Bloomberg US Aggregate.sec.gov
  2. 02Priced at 0.19%, a hair under the 0.20% charged by the category's best-known AAA CLO funds (JAAA, CLOA, ACLO) and well below the cohort median near 0.29%.
  3. 03Not built from scratch: it can hold AAA CLOs directly or through PGIM's established PAAA fund, leaning on the same securitized credit desk.pgim.com
  4. 04One ticker covers both jobs, senior CLO credit and interest-rate exposure, instead of pairing a floating-rate CLO fund with a separate Treasury sleeve. Income is paid quarterly.sec.gov

Worth knowing

  1. 01Duration cuts both ways. CLOs themselves usually carry under a year of it; the overlay deliberately stretches the portfolio far longer, so prices move with Treasury yields.sec.gov
  2. 02Layered plumbing: PGIM's own disclosure flags that the fund of funds structure carries the underlying funds' risks and that leveraging techniques can magnify losses.pgim.com
  3. 03A 2026 launch with a limited operating history per its own disclosure, and thinner trading than the category's heavyweights, which can widen bid-ask spreads.pgim.com

AAAD Holdings

As of Oct 13, 2026
Asset class
Bonds
Holdings
9
Top-10 weight
103%
Largest holding
PAAA96.6%

Geography

  • United States100.00%
The fund’s holdings, weight-ordered — page 1 of 1.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001PAAAPgim Aaa Clo Etf96.64%475,000$24M7
002—Carlyle Us Clo 2021-6 Ltd1.98%500,000$501K5
003—United States Treasury Note/Bond1.48%530,000$374K25
004—(PIPA070) PGIM Core Government Money Market Fund1.42%359,941$360K70
005—Net Current Assets1.16%293,120$293K157
006—3 Month Sofr Fut MAR28<0.01%-1$2K2
007—3 Month Sofr Fut DEC27<0.01%-1$2K2
008—3 Month Sofr Fut SEP27<0.01%-1$2K2
009—3 Month Sofr Fut JUN27<0.01%-1$2K2

Showing 1–9 of 9 holdings

AAAD Performance

Launched Jun 1, 2026

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
AAAD$9,785
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. AAAD $9,785. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for AAAD. Periods over one year show the average yearly return.
PeriodAAAD
Year to dateFund launched this year—
1 month−1.2%
3 months−2.1%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper year—

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for AAAD
YearReturn barAAAD
2026 YTD−2.0%

History from Jun 3, 2026

AAAD in the news

Filtered to AAAD · Collateralized Loan Obligations (CLO)

AAAD Dividends

Last payment
$0.19 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 4 payments in 2026 YTD. Jun 30, 2026 $0.02; Jul 31, 2026 $0.38; Aug 31, 2026 $0.20; Sep 30, 2026 $0.19. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 30, 2026Oct 2, 2026$0.19
Aug 31, 2026Sep 2, 2026$0.20
Jul 31, 2026Aug 4, 2026$0.38
Jun 30, 2026Jul 2, 2026$0.02

AAAD Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Jun 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.78
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

AAAD Cost

Expense ratio0.19%
  • The middle half of Collateralized Loan Obligations (CLO) funds
  • Median 0.29%

No Collateralized Loan Obligations (CLO) fund charges less.

AAAD costs $19.00 a year on $10,000. The median Collateralized Loan Obligations (CLO) fund costs $29.00.

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