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ETF comparison

PAAA vs TLT

US Aggregate Bond vs US Treasury (Long).

PGIM AAA CLO ETF · iShares 20+ Year Treasury Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.0 %

0 positions appear in both funds. Buying equal dollars of PAAA and TLT would leave roughly 0.0% of each dollar exposed to the same underlying securities.

PAAA unmatched 95.9% Shared 0.0% TLT unmatched 98.1%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In PAAA only
311 positions
Shared
0 positions
In TLT only
46 positions

Side by side

PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$15.01B
TTM yield
4.63%
Top-10 conc.
11.7%
TLT

iShares 20+ Year Treasury Bond ETF

iShares · US Treasury (Long)

83 composite / 100
Expense ratio
0.15%
Net assets
$47.52B
TTM yield
4.41%
Top-10 conc.
40.2%

Sub-score comparison

81
Cost
85
51
Tax efficiency
57
100
Liquidity
100
98
Concentration
N/A
—
Tracking quality
—
PAAA sub-score TLT

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

TLT is 4 bps cheaper than PAAA. On a $100,000 position that's about $40/yr more in fees for PAAA.

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

Top shared holdings

0 shared in total

No shared holdings between these funds.

Only in PAAA

311 total
  • CBAM 2017-2 LTD 1.58%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 1.29%
  • BENEFIT STREET PARTNERS CLO XII-B LTD 1.21%
  • GOLDENTREE LOAN MANAGEMENT US CLO 31 LTD 1.21%
  • MAGNETITE XL LTD 1.13%
  • OCP CLO LTD 1.12%
  • BATTALION CLO XXIV LTD 1.09%
  • AGL CORE CLO 1.06%
  • REGATTA XXVI FUNDING LTD 1.01%
  • BALBOA BAY LOAN FUNDING 2024-1 LTD 1.01%

Only in TLT

46 total
  • United States of America 4.46%
  • United States of America 4.40%
  • United States of America 4.18%
  • United States of America 4.03%
  • United States of America 3.94%
  • United States of America 3.94%
  • United States of America 3.92%
  • United States of America 3.80%
  • United States of America 3.76%
  • United States of America 3.75%

Percentages are holdings overlap with the named fund.

Open PAAA or TLT 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 methodology and 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.