PGIM AAA CLO ETF(PAAA · ETF)

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PAAA
Snapshot
Info

PGIM AAA CLO ETF (PAAA) ETF

Exchange
ARCX
Inception
2023-07-19
Has Options
No
ETF Profile
holdings as of 2026-08-31
Holdings
347
AUM
$7.5B
Provider
Nport
Inception
2023-07-19
Exchange
ARCX
Data As Of
2026-08-31
Expense Ratio
Dividend Yield
4.83%
Distribution
Monthly
Recent distributions
Ex-Date Pay Date Amount Type
2026-06-30 2026-07-02 $0.2035 CD
2026-05-29 2026-06-02 $0.1926 CD
2026-04-30 2026-05-04 $0.1902 CD
2026-03-31 2026-04-02 $0.2006 CD
2026-03-02 2026-03-04 $0.1907 CD
2026-02-02 2026-02-04 $0.1933 CD
Asset Allocation
Top Holdings
top 50 of 347 holdings
Symbol Name Weight % Asset Class Country
(PIPA070) PGIM Core Government Money Market Fund 5.20% Short-term investment US
CARLYLE US CLO 2023-3 LTD 1.00% Other KY
SYMP SERIES 2021-28A CLASS A 1.00% Other KY
GOLUB CAPITAL PARTNERS CLO 19(B)-R3 LTD 1.00% Other KY
BALBOA BAY LOAN FUNDING 2022-1 LTD 1.00% Other KY
Madison Park Funding Xxxiv Ltd. 0.99% Other KY
720 EAST CLO 2023-II LTD 0.94% Other KY
BARINGS CLO 2025-III LTD 0.93% Other KY
RR 1 LTD 0.92% Other KY
GARNET CLO 3 LTD 0.87% Other KY
ELMWOOD CLO 41 LTD 0.87% Other KY
Park Blue CLO 2023-IV Ltd. 0.86% Other JE
CIFC FDG 2025-III LTD/LLC 0.83% Other KY
BALLYROCK CLO 32 LTD 0.82% Other KY
RR 27 Ltd. / RR 27 LLC 0.80% Other BM
Signal Peak CLO 1 Ltd. 0.77% Other KY
MADISON PARK EURO FUNDING XVII DAC 0.74% Other IE
EMPOWER CLO 2022-1 LTD 0.74% Other KY
MADISON PARK FUNDING XL-R LTD 0.72% Other KY
GOLUB CAPITAL PARTNERS CLO 70(B)-R LTD 0.70% Other JE
EMPOWER CLO 2022-1 LTD 0.70% Other KY
MAGNETITE XLII LIMITED 0.68% Other KY
CARLYLE GROUP INC (THE) 0.68% Other US
Balboa Bay Loan Funding 2021-1 Ltd / Llc 0.67% Other KY
OHA Credit Funding 3 LLC 0.67% Other KY
KKR CLO 40 LTD 0.67% Other KY
Madison Pk Fdg XLVIII Ltd / Llc 0.67% Other KY
BAIN CAPITAL CREDIT CLO 2022-5 LTD 0.66% Other JE
NORTHWOODS CAPITAL 0.66% Other KY
NEUBERGER BERMAN LOAN ADVISERS CLO 0.66% Other JE
BARINGS CLO 2025-III LTD 0.66% Other KY
OHA CREDIT FUNDING 5 LTD 0.65% Other KY
NEUBERGER BERMAN LOAN ADVISERS CLO 33 LTD 0.64% Other KY
Ares XLIV CLO Ltd. 0.64% Other KY
AGL CORE CLO 0.64% Other KY
HPS LOAN MANAGEMENT 2021-16 LTD 0.64% Other KY
CARVAL CLO VIII-C LTD 0.63% Other JE
Carval CLO LTD 0.63% Other JE
Carval Clo VII-C Ltd / LLC 0.62% Other JE
LCM 40 LTD 0.61% Other JE
BALBOA BAY LOAN FUNDING 2023-1 LTD 0.61% Other KY
MADISON PARK EURO FUNDING XVII DAC 0.61% Other IE
KENNEDY LEWIS CLO 23 LTD 0.61% Other KY
REGATTA III FUNDING LTD 0.60% Other KY
Octagon 64 Ltd. / Octagon 64 LLC 0.60% Debt KY
CIFC FUNDING 2021-IV LTD 0.60% Other KY
ELMWOOD CLO II LTD 0.60% Other KY
NEW MOUNTAIN CLO 3 LTD 0.60% Other KY
MENLO CLO I LTD 0.60% Other KY
GENERATE CLO 19 LTD 0.59% Other KY
Non-Equity Breakdown
PGIM AAA CLO ETF · NPORT-P period 2026-08-31 (filed 2026-04-23)
Net assets: $7.53B · 347 total positions · equity 0.00% · non-equity 100.19%
Non-equity holdings — 347 positions, 100.19% of NAV
Category Weight Value Positions
CBO/CDO (Corporate) 91.87% $6.91B 338
Short-term investment 5.20% $391.5M 1
Corporate 1.53% $115.2M 4
ABS-O 1.32% $99.1M 3
CBO/CDO (Non-US Sovereign) 0.27% $20.0M 1
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +0.54% 3
Feb +0.32% 3
Mar +0.08% 3
Apr +0.26% 3
May +0.49% 3
Jun +0.23% 3
Jul +0.29% 4
Aug +0.39% 3
Sep +0.47% 3
Oct +0.34% 3
Nov +0.55% 3
Dec -0.03% 3
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $51.37
SMA 50: $51.39
SMA 200: $51.36
Current: $51.43
EMA 12: $51.39
EMA 26: $51.38
MACD: 0.0091 | Signal: 0.0092
BEARISH
ADX (14): 15.67
RANGE
+DI: 27.90
−DI: 17.37
Momentum Oscillators
RSI (14): 60.41
NEUTRAL
Stoch %K: 98.48
Stoch %D: 95.29
Williams %R: 0.00
Volume & Volatility
BB Upper: $51.48
BB Lower: $51.26
NEUTRAL
OBV: 222,390,379
Vol SMA 20: 2,021,808
Vol ROC: 307.16%
ATR: $0.03
True Range: $0.02
HV 20: 1.5%
HV 30: 1.2%
HV 60: 1.3%

Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-25T00:00:00 – 2026-07-23T00:00:00
AI Analysis

Choose Frenzy-Fast™ for quick analysis or Frenzy-Pro™ for comprehensive analysis.

Analysis includes technical indicators, news sentiment, risk assessment, and specific price levels to watch.

News
Options Activity
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Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
0.00
Correlation (SPY)
2.9%
0.00
Ann. Volatility
1.4%
SPY Volatility
12.7%

Low volatility - stock moves less than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Name Weight % Price 1 Day 1 Week 1 Month