PGIM Active Aggregate Bond ETF
$40.69−0.39 (−0.94%)
- Expense ratio
- 0.19%
- Fund size
- $99M
- 1Y return
- −0.1%
- Yield · Last 12 months
- 4.64%
- Holdings
- 312
- Volume · 30D
- 0M sh
- NAV per share
- $41.06
- 52W range
The ETF.net PAB Grade
Score 65 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 71Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 100Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 43Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 39Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 52Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 40Category rank
Our read on PAB
BPGIM's fixed income desk running an active core bond portfolio at 0.19% a year, closer to index-fund pricing than to the usual active bond fee. Launched in 2021, it pays monthly across roughly 300 investment-grade positions.
The fund seeks total return from current income and capital appreciation.
Why people hold it
- 0.19% a year sits well under the typical fee in its aggregate-bond cohort, and the money buys an active manager rather than a fixed rulebook.
- Monthly distributions from roughly 300 US-dollar investment-grade bonds, so income lands on a monthly rhythm instead of quarterly.pgim.comfinance.yahoo.com
- The portfolio matches its stated job closely: total return from current income and capital appreciation in investment-grade debt. No style drift to decode.pgim.com
- Backed by PGIM, the asset management arm of Prudential Financial and a deep fixed income shop with a broad bond ETF lineup.pgim.com
Worth knowing
- Thinly traded, so bid-ask spreads can run wider than at the category's giants. That shows up most on larger orders.
- Index rivals BND, SPAB and SCHZ charge 0.03%. The step up in fee buys manager decisions, and those decisions can trail the broad bond market as easily as top it.
- Small asset base and a 2021 start, so a shorter operating record than the core-bond staples it sits next to.
PAB Holdings
- Bonds
- 312
- 25%
- UNITED STATES TREASURY NOTE/BOND
Sectors
- Financials100.0%
Geography
- United States100.00%
PAB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PAB |
|---|---|
| Year to date | −1.2% |
| 1 month | −1.1% |
| 3 months | −1.5% |
| 1 year | −0.1% |
| 3 years | +4.7% |
| 5 years | −0.5% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PAB |
|---|---|---|
| 2026 YTD | −1.2% | |
| 2025 | +7.5% | |
| 2024 | +1.9% | |
| 2023 | +6.4% | |
| 2022 | −14.3% | |
| 2021 | +0.9% |
PAB in the news
ETF.net Research hasn’t filed on PAB yet — coverage lands here as it’s written.
PAB Dividends
- 4.64%
- $1.90
- $0.12 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.12 |
| Jul 31, 2026 | Aug 4, 2026 | $0.15 |
| Jun 30, 2026 | Jul 2, 2026 | $0.16 |
| May 29, 2026 | Jun 2, 2026 | $0.20 |
| Apr 30, 2026 | May 4, 2026 | $0.15 |
| Mar 31, 2026 | Apr 2, 2026 | $0.15 |
| Mar 2, 2026 | Mar 4, 2026 | $0.15 |
| Feb 2, 2026 | Feb 4, 2026 | $0.15 |
| Dec 30, 2025 | Jan 2, 2026 | $0.21 |
| Dec 1, 2025 | Dec 3, 2025 | $0.16 |
| Nov 3, 2025 | Nov 5, 2025 | $0.16 |
| Oct 1, 2025 | Oct 3, 2025 | $0.15 |
PAB Risk
- 5.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- −0.004
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −19.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PAB Cost
- The middle half of US Aggregate Bond funds
- Median 0.34%
30 of the 112 US Aggregate Bond funds charge less.