Summary
PAAA Chart
PAAA: Defensive Yield In Uncertain Times
PAAA is an ETF that actively operates on AAA CLOs and provides a competitive yield compared to agg. bond and its competitors. I think that today the reduction of the risk premium and the increase in the risk of systemic shocks favor solutions like PAAA. The disconnection from these asset classes makes it, in my opinion, a diversifying and defensive component of the portfolio, even in uncertain times like the current one.
PGIM AAA CLO ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| TJD Thomas John Drogan PR Inc.IPAL SECURITIES Inc. | 12,582 | $643,947 | $646,337.34 | $2,390.34 | 0.37% |
| TM Tom McDonald Richards, MERRILL & PETERSON Inc. | 500 | $25,590 | $25,680 | $90 | 0.35% |
| TC Tyler Chaisson COMPASS CAPITAL Corp. /MA/ /ADV | 6,633 | $340,704 | $340,737.21 | $33.21 | 0.01% |
| JD Jim Dushek HARBOUR INVESTMENTS Inc. | 16,000 | $818,653.78 | $821,827.2 | $3,173.42 | 0.39% |
| RS Ramu Singh CALTON & ASSOCIATES Inc. | 10,594 | $544,765.7 | $544,213.78 | -$551.92 | -0.1% |
PGIM AAA CLO ETF (PAAA) FAQ
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PGIM AAA CLO ETF Profile
| ARCA Exchange | US Country |
Overview
The described entity is a specialized investment fund that primarily allocates its assets into Collateralized Loan Obligations (CLOs), focusing particularly on those denominated in U.S. dollars. It adheres to a specific investment criterion, committing at least 80% of its investable assets in CLOs rated 'AAA' or its equivalent by at least one Nationally Recognized Statistical Rating Organization (NRSRO), or in those unrated yet assessed by the subadviser to be of comparable quality. Additionally, it operates as a non-diversified fund, which could imply a concentrated investment strategy in a fewer number of assets or sectors compared to diversified counterparts.
Products and Services
- Investment in AAA-rated or equivalent CLOs
This product focuses on the acquisition of high-grade, U.S. dollar-denominated Collateralized Loan Obligations. By prioritizing investments in CLOs that hold an 'AAA' rating from one or more Nationally Recognized Statistical Rating Organizations (NRSROs), or those unrated but deemed to be of similar quality, the fund aims to manage risk while seeking returns. The 'AAA' rating signifies the highest level of creditworthiness and the lowest risk of default, making these investments especially attractive to conservative investors who prioritize security in their investment choices.
- Non-diversified Fund Strategy
This approach indicates that the fund may invest a larger portion of its assets in fewer issuers or sectors. This strategy can lead to higher volatility and risk as the fund's performance may hinge on the performance of a limited number of investments. However, it also allows for potentially higher rewards if those select investments perform well. The non-diversified status of the fund makes it an option for investors willing to take on more risk for the chance of greater returns.
