ETF comparison

JAAAvsPAAA

Both US Aggregate Bond.

Janus Henderson AAA CLO ETF · PGIM AAA CLO ETF

Holdings overlap

Weighted by ISIN/CUSIP
11.7%

83 positions appear in both funds. Buying equal dollars of JAAA and PAAA would leave roughly11.7%of each dollar exposed to the same underlying securities.

JAAA only 85.0%Shared 11.7%PAAA only 92.3%
In JAAA only
517 positions
Shared
83 positions
In PAAA only
247 positions

Side by side

JAAA

Janus Henderson AAA CLO ETF

Janus Henderson · US Aggregate Bond

82composite / 100
Expense ratio
0.20%
Net assets
$30.24B
TTM yield
4.89%
Top-10 conc.
11.9%
PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

81composite / 100
Expense ratio
0.19%
Net assets
$12.40B
TTM yield
4.72%
Top-10 conc.
18.0%

Sub-score comparison

80
Cost
81
51
Tax efficiency
51
100
Liquidity
100
97
Concentration
89
Tracking quality
JAAAsub-scorePAAA

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

PAAA is 1 bps cheaper than JAAA. On a $100,000 position that's about $10/yr more in fees for JAAA.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with JAAA vs PAAA.

Top shared holdings

83 shared in total
#HoldingIn JAAAIn PAAAOverlap
1Magnetite XXXII Ltd.0.65%0.50%0.50%
2Elmwood CLO 28 Ltd.0.56%0.49%0.49%
3AGL Core CLO 27 Ltd.0.46%0.87%0.46%
4ARES Loan Funding II Ltd.0.48%0.40%0.40%
5KKR CLO 54 Ltd.0.35%0.44%0.35%
6Neuberger Berman Loan Advisers CLO 33 Ltd.0.31%0.96%0.31%
7KKR CLO 52 Ltd.0.30%0.62%0.30%
8Kings Park CLO Ltd.0.43%0.30%0.30%
9Regatta 32 Funding Ltd.0.29%0.65%0.29%
10LCM 40 Ltd.0.27%0.45%0.27%
11Madison Park Funding XL-R Ltd.0.26%0.53%0.26%
12Octagon Investment Partners 29 Ltd.0.25%0.41%0.25%

Only in JAAA

517 total
  • KKR CLO 35 Ltd.0.93%
  • AB BSL CLO 1 Ltd.0.85%
  • Anchorage Capital CLO 16 Ltd.0.79%
  • Anchorage Capital CLO 17 Ltd.0.77%
  • Regatta XIX Funding Ltd.0.65%
  • Carlyle US CLO Ltd.0.65%
  • Galaxy 35 CLO Ltd.0.64%
  • Symphony CLO XVIII Ltd.0.64%
  • OFSI BSL XV CLO Ltd.0.63%
  • Fortress Credit BSL XVIII Ltd.0.63%

Only in PAAA

247 total
  • (PIPA070) PGIM Core Government Money Market Fund7.64%
  • CBAMR LTD1.92%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC1.58%
  • ELEVATION CLO 2021-12 LTD1.13%
  • OCTAGON INVESTMENT PARTNERS 31 LTD1.04%
  • Cbam 2020-13 Ltd.0.99%
  • ELMWOOD CLO 25 LTD0.99%
  • RAD CLO 25 LTD0.80%
  • MIDOCEAN CREDIT CLO VII LTD0.77%
  • RR 1 LTD0.74%

Open JAAA or PAAA at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.