PGIM Global AAA CLO Fund
The investment objective of the Sub-Fund is to outperform the ICE BofA US 3-Month Treasury Bill Index (the “Benchmark”) over a full market cycle on a total return basis. The Benchmark tracks the performance of a single US 3-month Treasury bill issue purchased at the beginning of the month and held for a full month. In seeking to achieve the investment objective, the Sub-Fund will be actively managed and invest primarily in a portfolio of senior tranches of U.S. and European collateralised loan obligations. Please see the Company's Fund Documents as described below for additional information.
Fund features
FUND CHARACTERISTICS
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Fund
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Benchmark
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Due to the characteristics of the fund, the NAV may be highly volatile.
share class features
Where an investor's own currency is different to the currency of the fund, the return on investment may be affected by fluctuations in the currency exchange rate. Also, the use of financial derivative instruments may result in increased gains or losses within the Fund.
fees
Swing pricing, as defined in the prospectus, may be applied on a subscription or redemption of shares to reflect the costs of dealing in the Fund's assets.
Symbols
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Company’s Prospectus (the “Prospectus”), Supplement (the “Supplement”) and Key Investor Information Document (the “KIID”) or Key Information Document (the "KID"), depending on the jurisdition (collectively the “Fund Documents”). Capitalised terms used herein without definition have the respective meanings provided in the Prospectus, Supplement and KIID/KID, as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
RISKS
An investment in the Fund involves a high degree of risk, including the risk that the entire amount invested may be lost. The Fund is primarily designed to purchase certain investments, which will introduce significant risk to the Fund, including asset performance, price volatility, administrative risk and counterparty risk. No guarantee or representation is made that any Fund’s investment program will be successful, or that such Fund’s returns will exhibit low correlation with an investor’s traditional securities portfolio.
Any investment in the Fund will be deemed to be a speculative investment and is not intended as a complete investment program. Investment in the Fund is suitable only for persons who can bear the economic risk of the loss of their investment and who meet the conditions set forth in the Fund Documents. There can be no assurances that the Fund will achieve its investment objective. Prospective and existing Investors should carefully consider the risks involved in an investment in the Fund, including, but not limited to, those discussed in the Fund Documents. Prospective and existing Investors should consult their own legal, tax and financial advisors about the risks of an investment in the Fund. Any such risk could have a material adverse effect on the Fund and its Shareholders.
fund administration
| Investment Manager | PGIM, Inc. |
| Depositary | The Bank of New York Mellon SA/NV, Luxembourg branch |
| Administrator | The Bank of New York Mellon SA/NV, Luxembourg branch |
| Auditor | Deloitte Audit S.à.r.l |
| Reporting | Monthly statements |
| Annual audited financial statements |
fund structure
- Luxembourg based UCITS fund
- The Fund is a sub-fund of Waystone UCITS Platform (Lux) SICAV (the “Company”)
- The Company is a public limited company (société anonyme) incorporated under the laws of the Grand Duchy of Luxembourg as an investment company with variable share capital (société d'investissement à capital variable) with registered number B 203322
- The Company is established as an umbrella fund with segregated liability between sub-funds
- The Company is managed by Waystone Management Company (Lux) S.A. (the “Management Company”). The Company and the Manager are each authorised in Luxembourg and regulated by the Commission de Surveillance du Secteur Financier (CSSF).
standard (%)
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ANNUALISED
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NetReturns
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1 Mo
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3 Mo
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YTD
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1Yr
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3Yr
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5Yr
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Since Inception (26 June 2025)
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| Fund | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - |
rolling 12 month (%)
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2016
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2017
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2018
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2019
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2020
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2021
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2022
|
2023
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2024
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2025
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
CALENDAR YEAR (%)
(Year Ended 31 December)
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2015
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2016
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2017
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2018
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2019
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2020
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2021
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2022
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2023
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2024
|
|
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | - | - | - | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
| Benchmark 1 | - | - | - | - | - | - | - | - | - | - |
| Difference | - | - | - | - | - | - | - | - | - | - |
The monthly calculated performance scenarios are available upon request.
Source: PGIM, Inc. Past performance is no guarantee of future results. Net returns are calculated on a Net Asset Value (NAV) to NAV basis and reflect the deduction of ongoing fees, which include the management fee. Difference represents the difference between net returns and the benchmark and may reflect rounding differences. Benchmark is ICE BofA U.S. 3-Month Treasury Bill Index (the "Benchmark").
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
The Benchmark tracks the performance of a single US 3-month Treasury Bill issue purchased at the beginning of the month and held for a full month. The issue selected by the Benchmark at each month-end rebalancing is the outstanding Treasury Bill that matures closest to, but not beyond, three months from the rebalancing date. SOURCE ICE DATA INDICES, LLC (“ICE DATA”), IS USED WITH PERMISSION. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DISCLAIM ANY AND ALL WARRANTIES AND REPRESENTATIONS, EXPRESS AND/OR IMPLIED, INCLUDING ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, INCLUDING THE INDICES, INDEX DATA AND ANY DATA INCLUDED IN, RELATED TO, OR DERIVED THEREFROM. NEITHER ICE DATA, ITS AFFILIATES NOR THEIR RESPECTIVE THIRD PARTY SUPPLIERS SHALL BE SUBJECT TO ANY DAMAGES OR LIABILITY WITH RESPECT TO THE ADEQUACY, ACCURACY, TIMELINESS OR COMPLETENESS OF THE INDICES OR THE INDEX DATA OR ANY COMPONENT THEREOF, AND THE INDICES AND INDEX DATA AND ALL COMPONENTS THEREOF ARE PROVIDED ON AN “AS IS” BASIS AND YOUR USE IS AT YOUR OWN RISK. ICE DATA, ITS AFFILIATES AND THEIR RESPECTIVE THIRD PARTY SUPPLIERS DO NOT SPONSOR, ENDORSE, OR RECOMMEND PGIM INVESTMENTS, OR ANY OF ITS PRODUCTS OR SERVICES.
In the event that the Benchmark is no longer published, the Board of Directors shall designate, by notice to the relevant shareholders, a replacement index.
Investors should note that the Sub-Fund does not intend to track the Benchmark. The Sub-Fund uses the Benchmark for performance comparison purposes only.
Fund performance is as of the last business day of the month as defined in the Fund Supplement, which may differ from the month end. If any current shareholders would like to receive intra-month summaries please request this through your registered financial intermediary.
- TABLE
- CHARTS
Sector Allocation (%)
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Sector
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Fund
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Benchmark
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|---|---|---|
| ABS | 64.5% | 0.0 |
| Agencies | 0.0% | 0.0 |
| CMBS | 0.0% | 0.0 |
| IG Corporates | 0.0% | 0.0 |
| Non-US Govt Related | 0.0% | 0.0 |
| High Yield | 0.0% | 0.0 |
| Emerging Markets | 0.0% | 0.0 |
| Municipals | 0.0% | 0.0 |
| Cash/Equiv | 35.5% | 100.0 |
Credit Quality (%)
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Rating
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Fund
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Benchmark
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|---|---|---|
| AAA | 64.5 | 0.0 |
| AA | 20.0 | 100.0 |
| A | 0.0 | 0.0 |
| BBB | 0.0 | 0.0 |
| BB | 0.0 | 0.0 |
| B | 0.0 | 0.0 |
| CCC & Below | 0.0 | 0.0 |
| Not Rated | 0.0 | 0.0 |
| Cash/Equiv | 15.5 | 0.0 |
CURRENCY ALLOCATION (%)
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Currency
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Share Class
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Benchmark
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TOP 10 ISSUERS (%)
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Issuer
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Fund
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Benchmark
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INDUSTRY ALLOCATION (%)
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Industry
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Fund
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Benchmark
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REGIONAL ALLOCATION (%)
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Region
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Fund
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Benchmark
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PGIM ESG IMPACT RATINGS DISTRIBUTION (%)
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Score
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Fund
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Benchmark
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MSCI ESG RISK RATINGS* (%)
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Rating
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Fund
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Benchmark
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MSCI CARBON METRICS (%)
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Fund*
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Benchmark
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Source: PGIM, Inc. Totals may not equal 100% due to rounding. Portfolio holdings may not represent current, future investments or all of the portfolio’s holdings. Future portfolio holdings may not be profitable.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
1Dollar Bloc represents allocation to U.S., Australia, Canada, Bermuda, and Cayman Islands. Europe represents all European countries plus Russia, Kazakhstan, and Turkey.
2The Credit Quality allocation is based on the current ratings methodology of Bloomberg Global Family of Indices, which is as follows: If each of the Ratings Agencies (Moody’s, S&P, and Fitch) assigns ratings to an instrument, the methodology will attribute the middle rating to the instrument after dropping the highest and lowest ratings. If only two Ratings Agencies assign ratings, the methodology will attribute the more conservative (lower) rating of the two. If only one Ratings Agency assigns a rating, the methodology will attribute that rating.
ABOUT
PGIM Fixed Income, with $821 billion in assets under management (as of 31 Mar 2024)1, is a global asset manager offering active solutions across all fixed income markets. The company has offices in Newark, N.J., London, Tokyo, Amsterdam and Singapore. At PGIM Fixed Income we believe that research-driven security selection is the most consistent strategy for adding value to client portfolios. The firm complements that base strategy with active sector rotation, duration management, and superior trade execution. Risk budgeting is central to this approach.
Edwin Wilches, CFA
Managing Director and Co-Head of PGIM Fixed Income Securitized Products team
|PGIM Fixed Income
Edwin Wilches, CFA, is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products team.
Gabriel Rivera
Managing Director and Co-Head PGIM Fixed Income’s Securitized Products Team
|PGIM Fixed Income
Gabriel Rivera is a Managing Director and Co-Head of PGIM Fixed Income’s Securitized Products Team.
Connor Byrnes
Vice President on PGIM Fixed Income's Securitized Products team
|PGIM Fixed Income
Connor Byrnes is a Vice President on PGIM Fixed Income's Securitized Products team.
Source: PGIM, Inc. Past performance is no guarantee of future results.
This is a marketing communication. Further information about the Fund (including the current Prospectus and Fund Supplement, net asset value per share of the Fund, and most recent financial statements) is available from the applicable distributor.
This Summary Fund Profile is a financial promotion and qualified in its entirety by reference to the more complete information contained in the Fund Documents. Capitalised terms used herein without definition have the respective meanings provided in the Fund Documents as applicable. Investors should review the Fund Documents and seek advice prior to making an investment.
1Assets under management (AUM) are based on company estimates and are subject to change.
4616448 Ed. 06/2025
PGIM literature
Fund literature
| document name | Type |
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There is no guarantee that this objective will be achieved. Portfolio characteristics subject to change. No investment strategy or risk management technique can guarantee returns or eliminate risk in any market environment.
