PGIM Ultra Short Bond ETF
$49.53−0.01 (−0.02%)
- 0.15%
- $19.6B
- +4.1%
- 4.38%
- 3M sh
- $49.52
- low $49.45high $49.83
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.B68 out of 100Rank 21 of 78Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 66Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B62 out of 100Rank 4 of 75Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.A77 out of 100Rank 14 of 78Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A80 out of 100Rank 11 of 77Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.A84 out of 100Rank 11 of 78
Our read on PULS
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.
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
- Actively run, not index-bound: managers choose among investment-grade, dollar-denominated short-term fixed, variable and floating-rate debt, measured against the ICE BofA US 3-Month Treasury Bill Index.
- 0.15% a year puts active management at the same price as index-run ultra-short rivals like SHV and DUSB, and below the cohort's typical fee.
- A multi-billion-dollar fund that trades actively, which matters when the job is parking cash you may want back quickly.
- Monthly distributions and a spread of roughly 500 positions, running since its 2018 launch.
Worth knowing
- This is corporate-style credit, not Treasuries. A pure T-bill fund like SHV skips the credit risk that comes with investment-grade paper.
- Preserving capital is a stated aim, not a promise. It's an ETF, so the share price floats with rates and credit conditions.
- No index to hold it to. Results ride on the manager's calls against a 3-month T-bill yardstick, for better or worse.
PULS Holdings
- Bonds
- 841
- 8%
- PAAA
Sectors
- Corporate50.0%
- Securitized49.8%
- Government0.2%
Geography
- United States100.00%
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$10,411
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 | PULS |
|---|---|
| Year to date | +3.1% |
| 1 month | +0.3% |
| 3 months | +0.9% |
| 1 year | +4.1% |
| 3 years | +5.3% |
| 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 | +3.1% | |
| 2025 | +5.0% | |
| 2024 | +6.1% | |
| 2023 | +6.3% | |
| 2022 | +1.5% | |
| 2021 | +0.5% | |
| 2020 | +1.5% |
PULS in the news
PULS Dividends
- 4.38%
- $2.17
- $0.17 per share
- Monthly
Distribution history
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.
- 1.93
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.
PULS Cost
0.15%
PULS0.15%
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 78 Cash & Ultra-Short Income funds charge less.
Other funds in Cash & Ultra-Short Income
- AXHLFBondBloxx Bloomberg Six Month Target Duration US Treasury ETFExpense ratio 0.03%1 year return +3.5%
- ABILState Street SPDR Bloomberg 1-3 Month T-Bill ETFExpense ratio 0.14%1 year return +3.7%
- ASGOViShares 0-3 Month Treasury Bond ETFExpense ratio 0.09%1 year return +3.7%
- ATRSYDBX ETF Trust - Xtrackers US 0-1 Year Treasury ETFExpense ratio 0.06%1 year return +3.6%
- AVGUSVanguard Ultra-Short Treasury ETFExpense ratio 0.07%1 year return +3.6%