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Waystone UCITS Platform (Lux) SICAV - PGIM Global AAA CLO Fund

Global AAA-rated collateralised loan obligations (CLOs). Active strategy with floating rate and high credit quality focus.

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About the Fund

Data as of

PGIM is the global investment management business of Prudential Financial, a US-based financial services firm founded in 1875. PGIM manages over US$1.3tn of assets across public and private fixed income, equities, real estate and alternatives, with PGIM Fixed Income being one of the largest active fixed income managers globally.

The PGIM Global AAA CLO Fund is an actively managed bond strategy, offered via the Waystone UCITS Platform, that aims to outperform the ICE BofA US 3-Month Treasury Bill Index over a full market cycle on a total return basis. The fund invests primarily in the senior AAA-rated tranches of US and European collateralised loan obligations (CLOs), which are backed by diversified pools of senior secured corporate loans. As CLO tranches pay floating rate coupons, the fund has very low interest rate duration and aims to offer a yield pick-up over money market instruments with high credit quality. The fund was launched in 2025.

Performance

Price Performance – Maximum Period

The FairHorizon Context

Investment-Time-Horizon in years

0 - 22 - 44 - 7 7 - 1010 - 1515+
Expected long-term return
2 – 4% p.a.
Expected volatility
3 – 5% p.a.

Building Block Returns

Waystone UCITS Platform (Lux) SICAV - PGIM Global AAA CLO Fund

Ann. return (3-year):
—
Ann. return (5-year):
—
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
—

This fund provides access to the AAA-rated CLO market, a high quality floating rate segment that offers a yield premium over cash with limited interest rate sensitivity.

Benchmark Returns

SPDR Bloomberg Global Aggregate Bond UCITS ETF

Ann. return (3-year):
4.01%
Ann. return (5-year):
0.18%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
4.87%
Link to the Funds FairSheet

FairHorizon Benchmark Returns

Dimensional Funds PLC - World Allocation 20/80 Fund

Ann. return (3-year):
7.09%
Ann. return (5-year):
3.75%
Ann. return (10-year):
—
Ann. Standard Deviation (5-year):
4.13%
Link to the Funds FairSheet

The Dimensional World Allocation 20/80 Fund is our FAIRHORIZON Blue reference benchmark solution that has 20% global developed equities and 80% global investment grade short-to-medium maturity bonds for global high quality bonds-like returns and volatility.

SHARING OUR PASSION FOR INVESTMENTS FAIRSHEET™  Waystone UCITS Platform (Lux) SICAV - PGIM Global AAA CLO Fund  Page 1/2

Why we prefer this fund

Relevance of strategy

This fund provides access to the AAA-rated CLO market, a high quality floating rate segment that offers a yield premium over cash with limited interest rate sensitivity.

Manager expertise

PGIM Fixed Income is one of the largest CLO investors and managers globally, with a dedicated securitised products team.

Historical maximum drawdown & recovery time

Max drawdown (since inception)
-0.23%
Recovery Period
19 Days

Diversification

Credit Rating

  • Aaa90.70%
  • Aa6.40%
  • Cash & Other2.90%

Sectors

  • Securitized52.75%
  • Government-Related42.88%
  • Cash4.36%

Geography

  • U.S.A.42.88%
  • Ireland23.25%
  • Jersey14.89%
  • Cayman Islands14.61%
  • Cash4.36%