AAAD ETF — PGIM AAA CLO Aggregate Duration ETF

PGIM AAA CLO Aggregate Duration ETF (AAAD)

AAAD is a low-cost ETF. its distribution rate is 0.38%, its trailing-12-month yield is 1.21%, its expense ratio is 0.19%. Dividend Vision Distribution Safety Score™ is 50/100 (Unproven). Total return is -1.1% over the past 0.3 years, 2.6 points behind SPY at 1.5%.

At the current 0.38% distribution rate, a $10,000 investment would generate approximately $38 per year.

PGIM AAA CLO Aggregate Duration ETF is an actively managed fund that invests in collateralized loan obligations (CLOs) with a focus on AAA-rated securities. The fund carries a modest current distribution rate and does not pay regular distributions, instead allowing gains to accumulate within the fund. With an expense ratio of 0.19%, the fund appeals to fixed-income investors seeking exposure to the CLO market with minimal ongoing distributions.

AAAD performance versus SPY

Price and return data through 2026-09-18.

Total return is -1.1% over the past 0.3 years, 2.6 points behind SPY at 1.5%.

AAAD key facts

Distribution Safety Score™

50 · Unproven

Issuer

PGIM Investments

Asset type

ETF

Asset class

Fixed Income

Expense ratio

0.19%

Distribution rate

0.38%

Trailing yield

1.21%

Last close

$48.81 (as of 2026-09-18)

AUM

$25,673,551

Average volume

100.0

Last dividend

$0.197

Last ex-dividend date

08/31/2026

Last payment date

09/02/2026

How Dividend Vision calculates yield and returns

Distribution rate (0.38%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (1.21%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PGIM Investments; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

AAAD risks and drawbacks

AAAD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Total return has trailed SPY over the available window.

Who may consider AAAD — and who may not

AAAD may suit someone looking for low-cost broad dividend exposure. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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