PGIM Launches Two New Securitized Credit ETFs, Including a AAA-Rated CLO ETF With Core-Like Duration Exposure

About this update from Prudential Financial, Inc.

PGIM, the $1.4 trillion global asset management business of Prudential Financial, Inc.1 (NYSE: PRU), has launched a market- differentiated AAA-rated collateralized loan obligation (CLO) exchange-traded fund (ETF) designed to provide core-like duration exposure.2 The fund, named the PGIM AAA CLO Aggregate Duration ETF (AAAD), launched alongside the PGIM Securitized Income ETF (PINC), which also employs a duration overlay. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260611654609/en/“With this launch, we’re excited to introduce a strategy that leverages our CLO expertise to provide enhanced yield potential compared to traditional high-quality duration sectors.” --Edwin Wilches, Co-Head of Securitized Products, PGIM “With this launch, we’re excited to introduce a strategy that leverages our CLO expertise to provide enhanced yield potential compared to traditional high-quality duration sectors,” said Edwin Wilches, co-head of Securitized Products at PGIM. The PGIM AAA CLO Aggregate Duration ETF (AAAD) invests primarily in U.S. dollar-denominated AAA-rated CLOs either directly or through its investment in the PGIM AAA CLO ETF (PAAA). PAAA is the only Morningstar Medalist Gold-rated product in its Morningstar category and has been among the fastest-growing strategies in the market, accumulating over $10 billion in assets since its inception.3 AAAD expects to use longer-duration fixed income instruments and derivative instruments, such as futures, forwards, options, swaps, and U.S. Treasury futures, in seeking to maintain its target portfolio duration or to extend the overall duration of its portfolio beyond that of its CLO exposure. It is listed on NYSE Arca, Inc. and offered at a 0.19% net expense ratio. The PGIM Securitized Income ETF (PINC) invests primarily in securitized credit investments and other similar credit instruments, including derivative instruments that provide diversified exposure across the securitized credit landscape. It is listed on the Cboe BZX Exchange, Inc. and is offered at a 0.39% net expense ratio. Both AAAD and PINC seek to maximize total return through a combination of current income and capital appreciation, leveraging the deep expertise of PGIM’s $1.2 trillion credit platform.1 “We’re expanding our active ETF platform with innovative, competitively priced strategies t...

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