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Upturn AI Summary
PGIM AAA CLO ETF(PAAA)
Advisory History & Simulated Performance *
*as per simulation (see disclosures)- ALL
- 1Y
- 1M
- 1W
- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- PASS (Skip)
Stock price based on last close Advisory Performance History (Simulated)
Upturn Advisory & Investor View for PAAA
10/01/2026: PAAA (2-star) has a low Upturn Star Rating. Not recommended to BUY.
PGIM AAA CLO ETF (PAAA) provides retail investors with active exposure to the highest-rated (AAA) tranches of Collateralized Loan Obligations. Its main strengths include institutional-grade management by PGIM, high credit quality, and a floating-rate income structure that benefits from elevated interest rates. The fund serves as a defensive, income-generating component of a fixed-income portfolio. Key risks involve exposure to the structured credit market, including potential liquidity or spread shocks during periods of severe economic stress. It is best suited for income-oriented investors seeking a stable, high-quality alternative to traditional bond funds.
How to Read the Upturn Advisory
The Upturn Star Rating and the current BUY, SELL, or PASS advisory are generated by Upturn’s AI advisory engine based on proprietary signal analysis, price behavior, advisory history, and historical signal performance.
ETF holdings, costs, diversification, valuation, risks, and market conditions provide supporting context about the fund.
Investor Fit
| Investor style | Fit | Why |
|---|---|---|
| Growth investor | Weak fit | PAAA focuses on capital preservation and income rather than the significant capital appreciation required by growth investors. |
| Momentum investor | Weak fit | The fund's price stability makes it unsuitable for momentum strategies that depend on high price volatility or strong directional trends. |
| Value investor | Mixed fit | Value investors may appreciate the fund's defensive credit profile and yield, but it lacks the 'cheap' equity characteristics typically sought in value investing. |
| Dividend/Income investor | Strong fit | PAAA is an excellent choice for income-focused investors looking for steady, floating-rate yield with high credit quality. |
| Low-risk investor | Strong fit | The AAA rating of the underlying holdings and the structural protections of CLOs make this a highly attractive option for risk-conscious investors. |
Investor Profile
Ideal Investor Profile
The ideal investor is an income-seeking individual or institutional entity looking for yield stability and credit quality above what is typically found in traditional investment-grade bond ETFs.
Suitability
PAAA is most suitable for long-term income-focused investors who value capital preservation and steady cash flow over capital growth.
Risk Profile
| Risk factor | Level | Why it matters |
|---|---|---|
| Volatility | Low | The fund's focus on short-duration, high-quality debt limits price fluctuations compared to long-term bonds. |
| Market risk | Medium | While high-quality, the fund remains susceptible to broader credit market stress and liquidity events. |
| Concentration | Medium | The fund is concentrated within the CLO asset class, which may react differently than general corporate bond markets. |
| Tracking/expense | Low | The low expense ratio ensures that a high percentage of the underlying yield is passed to the investor. |
| Liquidity | Low | As one of the largest funds in its category, PAAA generally maintains high liquidity for investors. |
| Business/sector quality | Low | The underlying assets are AAA-rated tranches, representing the safest portion of the CLO capital structure. |
Risk Analysis
Volatility
PAAA exhibits very low price volatility, as it primarily holds senior, highly-rated debt with short interest-rate sensitivity.
Market Risk
Risks include credit spread risk, potential for underlying loan defaults (though unlikely in AAA tranches), and systemic liquidity risk common to all fixed-income structured products.
What the ETF Owns
| Exposure Type | Exposure | Weight (%) | Retail Investor Read |
|---|---|---|---|
| Fixed-income type | AAA-Rated Collateralized Loan Obligations (CLOs) | 98 | These assets provide high credit quality and floating-rate income derived from diversified pools of senior secured corporate loans. |
| Cash/collateral | Cash and Cash Equivalents | 2 | A small cash buffer is maintained to support daily liquidity needs and settlement of trades. |
Price Behavior
Flat / Range-Bound
The stock price has been trading within a narrow range with minimal directional movement.
Very Smooth
The stock has followed a highly orderly price path with minimal short-term disruption.
Analysis of Past Performance
Type ETF | Historic Profit 7% | Avg. Invested days 118 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Advisory Rating  | Upturn Advisory Performance  4.0 | ETF Returns Performance  2.0 |
| Profits based on simulation | Last Close 10/01/2026 |
ETF Fundamentals 
Source: EOD Historical Data • Updated Oct 1, 2026
Fund Basics
| Metric | Value |
|---|---|
| Fund Size (AUM) | $13.49B |
| Issuer | PGIM |
| Expense Ratio | 0.19% |
| Distribution Yield | 5.18% |
| Inception | Jul 19, 2023 |
Performance
| Period | Total Return |
|---|---|
| YTD | +3.62% |
| 1 Year | +4.96% |
| 3 Year | +6.33% |
Risk Metrics
| Metric | Value |
|---|---|
| 1Y Volatility | 0.37% |
| 3Y Volatility | 0.64% |
| 3Y Sharpe Ratio | 3.05 |
Ratings
| Metric | Value |
|---|---|
| Morningstar Rating | ★★★★★ |
Top Sectors
| Sector | Weight |
|---|---|
| Basic Materials | 0.00% |
| Consumer Cyclicals | 0.00% |
| Financial Services | 0.00% |
| Real Estate | 0.00% |
Asset Allocation
Portfolio Characteristics
| Metric | Value |
|---|---|
| Holdings Turnover | 0.0% |
Upturn AI Summary
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
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