PGIM Ultra Short Bond ETF
$49.47−0.01 (−0.02%)
- 0.15%
- $19.6B
- +4.1%
- 4.76%
- 3.03M sh
- low $49.45high $49.82
The ETF.net PULS Grade
A
Score 78 out of 100
- 8 of 78
Score 78 of 100 falls in the A 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.B66 out of 100Rank 23 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 67Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 5 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A78 out of 100Rank 13 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 13 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A86 out of 100Rank 11 of 78
Our read on PULS
In short
AThe active pick in a cash-parking aisle stocked with index trackers. PGIM's desk hand-selects short investment-grade fixed, floating and variable-rate debt, charges 0.15% a year, and pays monthly.
Stated mandate
Seeks total return from current income and capital appreciation, consistent with preservation of capital. It primarily invests in investment-grade, U.S.-dollar-denominated short-term fixed, variable, and floating-rate debt instruments.
Why people hold it
Worth knowing
PULS Holdings
- Bonds
- 846
- 8%
- PAAA
Sectors
- Corporate51.0%
- Securitized48.8%
- Government0.2%
Geography
- United States73.30%
- Cayman Islands14.01%
- Canada5.85%
- United Kingdom1.37%
- France1.35%
- Netherlands1.22%
- Australia0.95%
- Sweden0.60%
- 1.34%
Developed 46% · Emerging 54%
PULS Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.
PULS$10,410
Returns run to the Nov 2, 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 | PULS |
|---|---|
| Year to date | +3.3% |
| 1 month | +0.4% |
| 3 months | +0.9% |
| 1 year | +4.1% |
| 3 years | +5.2% |
| 5 years | +4.4% |
| 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 | PULS |
|---|---|---|
| 2026 YTD | +3.3% | |
| 2025 | +5.0% | |
| 2024 | +6.1% | |
| 2023 | +6.3% | |
| 2022 | +1.5% | |
| 2021 | +0.5% | |
| 2020 | +1.5% |
PULS in the news
PULS Dividends
- 4.76%
- $2.35
- $0.18 per share
- Monthly
PULS Risk
- 0.4%
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.
- 2.06
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.
- −0.8%
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.
- 0.03
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
FMP measures it over up to five years of monthly returns.
PULS Cost
Overpaying vs XHLF, tied cheapest in Cash & Ultra-Short Income
$2,499
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PULS 0.15%
$3,137
XHLF 0.03% Tied cheapest
$638
Cost over time
Year by year
| Year | PULS | XHLF | Overpaying |
|---|---|---|---|
| 10 | $274 | $55 | $219 |
| 20 | $1,071 | $216 | $855 |
| 30 | $3,137 | $638 | $2,499 |
Other funds in Cash & Ultra-Short Income
- ASGOViShares 0-3 Month Treasury Bond ETFExpense ratio 0.09%1 year return +3.8%
- ABILState Street SPDR Bloomberg 1-3 Month T-Bill ETFExpense ratio 0.14%1 year return +3.7%
- AGBILGoldman Sachs Access Treasury 0-1 Year ETFExpense ratio 0.12%1 year return +3.6%
- AVGUSVanguard Ultra-Short Treasury ETFExpense ratio 0.07%1 year return +3.7%
- AXONEBondBloxx Bloomberg One Year Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.3%
