PGIM AAA CLO ETFPAAA
PAAA
0
Funds holding %
of 6,790 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
533% more first-time investments, than exits
New positions opened: 19 | Existing positions closed: 3
380% more repeat investments, than reductions
Existing positions increased: 24 | Existing positions reduced: 5
200% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 3 (+2) [Q3]
83% more capital invested
Capital invested by funds: $182M [Q2] → $332M (+$150M) [Q3]
47% more funds holding
Funds holding: 34 [Q2] → 50 (+16) [Q3]
4.94% less ownership
Funds ownership: 78.09% [Q2] → 73.15% (-4.94%) [Q3]
Research analyst outlook
We haven’t received any recent analyst ratings for PAAA.
Financial journalist opinion
Neutral
ETF Trends
4 weeks ago
More Money Market Substitutes Taking Shape
Investors have been married to their money market funds for the better part of the last two years. But a recent poll from VettaFi's Q4 Fixed Income Symposium in October showed more market participants may finally be willing to break out of their comfort zones and redeploy those funds into riskier assets.
Positive
Seeking Alpha
1 month ago
PAAA: PGIM's Answer To The AAA CLO Dilemma
PGIM launched PAAA in 2023, targeting retail investors with access to the $1.2 trillion collateralized loan obligation (CLO) market, traditionally reserved for institutions. PAAA primarily invests in senior AAA-rated CLO tranches, aiming for total returns through current income and capital appreciation. The fund maintains a high level of diversification, with no single holding exceeding 2%, and invests in a range of issuances from reputable managers.
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