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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 Facts
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.
FUND CHARACTERISTICS
| Average Coupon (%) | 5.06 |
| Effective Duration (yrs) | 0.10 |
| Number of Issues | 118 |
| Average Quality (Mid) | Aaa |
| Spread (bps) | 132 |
| Turnover Ratio (Latest 12-Months) | 35 |
| Spread Duration (yrs) | 4.39 |
| Number of Collateral Managers | 46 |
| Weighted Avg. Life (yrs) | 5.09 |
| Yield-to-Maturity (% gross) | 5.40 |
| Yield-to-Worst (% gross) | 5.17 |
Due to the characteristics of the fund, the NAV may be highly volatile.
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.
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).
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ABOUT
PGIM Fixed Income, with $862 billion in assets under management (as of 31 Mar 2025)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's Securitized Products Team
Credit
Edwin Wilches, CFA is a Managing Director and Co-Head of PGIM Credit’s Securitized Products Team.
Gabriel Rivera
Managing Director and Co-Head of PGIM's Securitized Products Team
Credit
Gabriel Rivera is a Managing Director and Co-Head of PGIM' Credit's Securitized Products Team.
Connor Byrnes
Executive Director and Portfolio Manager
Credit
Connor Byrnes is an Executive Director on PGIM Credit’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
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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.
