PGIM Short Duration High Yield ETF
$49.27−0.27 (−0.53%)
- Expense ratio
- 0.45%
- Fund size
- $206M
- 1Y return
- +3.2%
- Yield · Last 12 months
- 5.88%
- Volume · 30D
- 0M sh
- NAV per share
- $49.38
- 52W range
The ETF.net PSH Grade
Score 52 of 100 sits in the C 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.CScore 45Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.AScore 71Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 56Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 33Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.CScore 47Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 54Category rank
Our read on PSH
CJunk bonds with the interest-rate dial turned down. PSH is PGIM's active run at short-maturity high yield, measured against a 1-3 year high yield benchmark, and it pays monthly.
The Fund seeks total return through current income and capital appreciation. It primarily invests in diversified below-investment-grade fixed-income instruments and normally commits at least 80% of investable assets to those instruments or economically similar investments.
Why people hold it
- Short end by design: the yardstick is the Bloomberg 1-3 Year High Yield Corporate 1% Capped Index, so rate swings push it around less than a full-maturity junk bond fund.pgim.com
- Actively run rather than index-cloned, with at least 80% of investable assets in below-investment-grade debt or economically similar instruments.pgim.com
- Income lands monthly, and the stated mandate is total return (current income plus capital appreciation), not yield alone.
Worth knowing
- 0.45% a year sits above the high yield category median and well above index rivals like SCYB (0.03%) and SPHY (0.05%). That's the toll for an active desk.
- Short maturities trim rate sensitivity, not credit risk. The borrowers here are rated below investment grade, and defaults come with that territory.
- Trades thinly beside the category's giants and runs a modest asset base, so spreads can be wider than at the household-name high yield funds.
PSH Holdings
- Bonds
- —
- 16%
- (PIPA070) PGIM Core Government Money Market Fund
Sectors
- Financials96.6%
- Energy3.4%
Geography
- United States100.00%
PSH 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 | PSH |
|---|---|
| Year to date | +2.2% |
| 1 month | −0.2% |
| 3 months | +0.5% |
| 1 year | +3.2% |
| 3 years | — |
| 5 years | — |
| 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 | PSH |
|---|---|---|
| 2026 YTD | +2.2% | |
| 2025 | +7.3% | |
| 2024 | +7.9% | |
| 2023 | +0.4% |
PSH in the news
ETF.net Research hasn’t filed on PSH yet — coverage lands here as it’s written.
PSH Dividends
- 5.88%
- $2.91
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.25 |
| Jul 31, 2026 | Aug 4, 2026 | $0.25 |
| Jun 30, 2026 | Jul 2, 2026 | $0.25 |
| May 29, 2026 | Jun 2, 2026 | $0.24 |
| Apr 30, 2026 | May 4, 2026 | $0.23 |
| Mar 31, 2026 | Apr 2, 2026 | $0.26 |
| Mar 2, 2026 | Mar 4, 2026 | $0.21 |
| Feb 2, 2026 | Feb 4, 2026 | $0.24 |
| Dec 30, 2025 | Jan 2, 2026 | $0.25 |
| Dec 1, 2025 | Dec 3, 2025 | $0.23 |
| Nov 3, 2025 | Nov 5, 2025 | $0.25 |
| Oct 1, 2025 | Oct 3, 2025 | $0.24 |
PSH Risk
- 1.9%
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.
- 1.14
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.
- −3.1%
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.
- 0.13
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PSH Cost
- The middle half of US High Yield funds
- Median 0.43%
43 of the 84 US High Yield funds charge less.