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Launched

PGIM AAA CLO Aggregate Duration ETF

AAADNYSE ArcaPGIMC

$48.900.00 (0.00%)

As of Nov 2, 2026, 10:00 AM ET

C44/ 100

Rank 20 of 34 in Collateralized Loan Obligations (CLO)

C44/100Rank 20 of 34inCollateralized Loan Obligations (CLO)
Intraday session: down, 1 prints from 48.90 to 48.90. Range 48.90 to 48.90. Use the arrow keys to read each point.48.9048.9048.9048.9010 AM12 PM2 PM4 PM
Expense ratio
0.19%
Fund size
$26M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
10
Avg volume · 30D
245 sh
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
20 of 34
Six-pillar profile for AAAD. Scores out of 100: Cost 80, Risk 8, Mission not scored, Tradability 25, Holdings 24, Durability 40. Strongest: Cost (80). 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.
    A80 out of 100
    Rank 2 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.
    D25 out of 100
    Rank 31 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.
    C40 out of 100
    Rank 25 of 34

Our read on AAAD

ETF.net Research

In short

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

  • The 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
  • Priced 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%.
  • Not 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
  • One 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

  • Duration 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
  • Layered 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
  • A 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 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$10,032
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. AAAD $10,032. SPY $10,141. Use the arrow keys to read each point.$9,750$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month+2.5%
3 months+0.3%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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−0.1%

History from Jun 3, 2026

AAAD in the news

AAAD Dividends

Upcoming payment
$0.20 per share
Pays 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. 5 payments in 2026 YTD. Jun 30, 2026 $0.02; Jul 31, 2026 $0.38; Aug 31, 2026 $0.20; Sep 30, 2026 $0.19; Oct 30, 2026 $0.20. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 30, 2026Pays Nov 3, 2026$0.20
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

Risk pillarF8 out of 100Rank 33 of 33 in Collateralized Loan Obligations (CLO)
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.

FMP measures it over up to five years of monthly returns.

AAAD Cost

Compare AAAD and CLOC

Overpaying vs CLOC, cheapest in Collateralized Loan Obligations (CLO)

$203

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • AAAD 0.19%

    $3,952

  • CLOC 0.18% Cheapest

    $3,749

$10,000
30 years

Cost over time

  • AAAD 0.19%
  • CLOC 0.18%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K051015202530AAAD $3,952CLOC $3,749

Year by year

YearAAADCLOCOverpaying
10$347$328$19
20$1,351$1,281$70
30$3,952$3,749$203

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