PGIM Short Duration High Yield ETF
$48.90−0.10 (−0.20%)
- 0.45%
- $206M
- +3.2%
- 5.92%
- 0M sh
- $48.83
- low $48.62high $51.51
The ETF.net PSH Grade
C
Score 52 out of 100
- 51 of 85
Score 52 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.C45 out of 100Rank 45 of 85Mission
Whether the fund did what it promised, tested against its stated mandate.A73 out of 100Rank 54 of 74Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C54 out of 100Rank 38 of 85Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D32 out of 100Rank 71 of 85Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B55 out of 100Rank 46 of 85Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C54 out of 100Rank 41 of 85
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
- 491
- 11%
- (PIPA070) PGIM Core Government Money Market Fund
Sectors
- Financials96.5%
- Energy3.5%
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.
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PSH$10,319
Returns run to the Oct 12, 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 | +1.6% |
| 1 month | −0.5% |
| 3 months | −0.4% |
| 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 | +1.6% | |
| 2025 | +7.3% | |
| 2024 | +7.9% | |
| 2023 | +0.4% |
PSH in the news
PSH Dividends
- 5.92%
- $2.90
- $0.23 per share
- Monthly
Distribution history
PSH Risk
- 2.3%
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.
- 0.58
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.
- 0.14
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
0.45%
PSH0.45%
- The middle half of US High Yield funds
- Median 0.43%
44 of the 85 US High Yield funds charge less.
Other funds in US High Yield
- CFSYDFidelity Sustainable High Yield ETFExpense ratio 0.55%1 year return +3.6%
- CGTOQInvesco High Yield Systematic Bond ETFExpense ratio 0.39%1 year return —
- CTHYFT. Rowe Price U.S. High Yield ETFExpense ratio 0.50%1 year return +3.3%
- CHYBLState Street Blackstone High Income ETFExpense ratio 0.70%1 year return +4.7%
- CAOHYAngel Oak High Yield Opportunities ETFExpense ratio 0.55%1 year return +3.7%