---
ticker: "PAAA"
name: "PGIM AAA CLO ETF"
url: "https://etf.net/etf/PAAA"
grade: "A"
score: 81
graded_at: "2026-10-12"
category: "Collateralized Loan Obligations (CLO)"
category_rank: "3 of 34"
methodology: "https://etf.net/methodology"
---

# PAAA: PGIM AAA CLO ETF

Grade **A**, Score 81 of 100. Rank 3 of 34 in Collateralized Loan Obligations (CLO).

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 83 | 1 of 34 |
| Mission | Not scored | — |
| Risk | 78 | 4 of 33 |
| Tradability | 95 | 2 of 34 |
| Holdings | 60 | 16 of 34 |
| Durability | 86 | 4 of 34 |

## Top holdings

The fund holds 325 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | (PIPA070) PGIM Core Government Money Market Fund | 9.04% |
| 2 | — | Cbamr 2017-2 Ltd | 1.36% |
| 3 | — | Alm Ltd/Ky | 1.31% |
| 4 | — | Regatta Xxvii Funding Ltd | 1.10% |
| 5 | — | Regatta Xxi Funding Ltd | 1.09% |
| 6 | — | Benefit Street Partners Clo Xii-B Ltd | 1.03% |
| 7 | — | Goldenttree Loan Management Us Clo 1 Ltd | 1.03% |
| 8 | — | Battalion Clo Ltd | 1.03% |
| 9 | — | Carval Clo Vii-C Ltd | 1.03% |
| 10 | — | Net Current Assets | 1.01% |
| 11 | — | Benefit Street Partners Clo Xxxiv Ltd | 0.99% |
| 12 | — | Magnetite Xl Ltd | 0.96% |
| 13 | — | Ocp Clo 2022-24 Ltd | 0.95% |
| 14 | — | Kkr Clo 46 Ltd | 0.95% |
| 15 | — | Barings Clo Ltd 2024-III | 0.94% |
| 16 | — | Battalion Clo Xxiv Ltd | 0.93% |
| 17 | — | Regatta Xii Funding Ltd | 0.91% |
| 18 | — | Agl Core Clo 2 Ltd | 0.90% |
| 19 | — | Regatta Xxvi Funding Ltd | 0.86% |
| 20 | — | Battalion Clo Xxxii Ltd | 0.86% |
| 21 | — | Cbamr 2018-7 Ltd | 0.86% |
| 22 | — | Balboa Bay Loan Funding 2024-1 Ltd | 0.86% |
| 23 | — | Ares Lxxii Clo Ltd | 0.85% |
| 24 | — | Octagon 63 Ltd | 0.82% |
| 25 | — | Ballyrock Clo 2019-2 Ltd | 0.82% |
| 26 | — | Elevation Clo 2021-12 Ltd | 0.79% |
| 27 | — | Barings Clo Ltd 2024-IV | 0.74% |
| 28 | — | Midocean Credit Clo Xxiv | 0.73% |
| 29 | — | Octagon Investment Partners 28 Ltd | 0.72% |
| 30 | — | Thl Credit Wind River 2020-1 Clo Ltd | 0.72% |

Source: etf.net, https://etf.net/etf/PAAA. Please cite the page URL.