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1D
1W
1M
3M
6M
YTD
1Y
2Y
5Y
ALL
AUM
$25866803
P/E ratio
12.4
Dividend yield
5.491%
Expense ratio
0.19%
Beta
0.028291
Previous close
$51.47
Today's open
$51.48
Day's range
$51.46 - $51.48
52 week range
$51.16 - $51.54
show more
Headquarters
US
Exchange
NYSE Arca
Issue type
Exchange-Traded Fund
Bonds
Domestic
Time to Extend Bond ETF Duration?
The bond market is flashing levels not seen in nearly two decades. The 10-year Treasury yield is hovering near 5%, while real yields — measured by Treasury inflation-protected securities (TIPS) — are at their highest since before the 2008 financial crisis.
ETF Trends • Oct 28, 2026

PAAA: Why I Chose AAA CLOs Over Traditional Bonds In Retirement
PGIM AAA CLO ETF is my preferred buy for retirees seeking asset stability and a competitive ~4.7% yield amid anticipated further rate hikes. PAAA's floating rate, ultra-short duration, and AAA CLO tranche focus deliver minimal price volatility and strong risk-adjusted returns versus traditional bond funds like JPIE and AGG. I accept the tradeoff of lower yield and missed rally upside for principal stability, as PAAA's structure is well-aligned with my portfolio's safety engine goals.
Seeking Alpha • Sep 29, 2026

PAAA: Simple AAA-Rated CLO ETF, Good Dividend Yield, Outstanding Risk-Return
AAA CLOs are broadly similar investments to t-bills, with a bit more in yield, a bit more in risk. PAAA is one of the largest AAA CLO ETFs in the market, providing simple, cheap, diversified exposure to these investments. The fund currently yields 4.8%, a strong amount considering its overall risk and volatility.
Seeking Alpha • Jul 21, 2026

The Q2 Flowdown: ETFs Smash Records to Start Summer
Markets may have ended the first quarter with a thud, but stocks put another record run in the books to close out the first half of 2026. The U.S. ETF market had already shattered records, crossing the $15 trillion threshold and cruising past $1 trillion in net inflows right before summer officially began.
ETF Trends • Jun 30, 2026

2 Picks, 7%+ Yields, One Goal: Survive The Meltdown
The longer this bull run lasts, the greater the likelihood of a near-term correction. A market correction would be healthy, realigning asset prices with fundamentals and creating opportunities for patient investors. So, rather than full derisking, I advocate a 'balanced hedge' approach.
Seeking Alpha • Jun 10, 2026

PAAA: Low-Risk CLO ETF In An Uncertain Environment
PGIM AAA CLO ETF remains a defensive, capital-preserving income vehicle, offering a 5.3% yield from a portfolio of AAA-rated CLOs. PAAA is best suited for investors prioritizing stability and income over equity market growth, especially in uncertain or elevated interest rate environments. The fund's floating-rate structure means payouts may decline if interest rates fall, but credit risk remains minimal due to its exclusive AAA allocation.
Seeking Alpha • May 29, 2026

JAAA With PAAA: Building A 5.37% Yield 'Deep Defense' For 2026
In the face of 2026 market volatility, I recommend reallocating capital to JAAA and PAAA for ultra-defensive positioning. JAAA and PAAA, with 90%+ AAA CLO exposure, offer 5.0-5.6% yields, near-zero duration, and minimal drawdown risk. A 50/50 JAAA/PAAA blend optimizes liquidity, diversifies management risk, and delivers a 5.37% yield with just 1.63% max drawdown.
Seeking Alpha • Mar 11, 2026

PAAA: Where It Fits In Mid-Yield And High-Yield Income Portfolios
The PGIM AAA CLO ETF (PAAA) offers a 5% yield with ultra-low duration (~0.1 years), making it a highly stable, rate-insulated portfolio anchor. PAAA is best used as a stabilizer in both mid-yield (6–8%) and high-yield (10–15%) income portfolios, not as a primary income engine. PAAA's conservative focus on the most senior AAA CLO tranches differentiates it from peers, providing superior protection during credit drawdowns.
Seeking Alpha • Mar 10, 2026

Bond ETF Bulls on Parade
The opening act of 2026 has been nothing short of historic for the ETF industry, and fixed income is experiencing one of the strongest starts to a year on record.
ETF Trends • Feb 24, 2026

Fixed Income Portfolio Update: 5.5% Yield With Minimal Risk
Constructing a stable income portfolio in today's volatile market favors CLO bond ETFs with strong yield and minimal drawdown. My recent portfolio revision removed underperforming or volatile funds, and adding top-performing AAA CLO ETFs and a diversified alternative. PAAA, CLOB, and UYLD are highlighted for superior total return, low drawdown, and attractive yield in their respective classes, with UYLD offering a near-treasury risk profile but higher yield.
Seeking Alpha • Jan 11, 2026

¹ Disclosures

Open an M1 investment account to buy and sell PGIM AAA CLO ETF commission-free¹. Build wealth for the long term using automated trading and transfers.