PGIM Ultra Short Bond ETF
$49.63+0.00 (+0.00%)
- Expense ratio
- 0.15%
- Fund size
- $19.3B
- 1Y return
- +4.2%
- Yield · Last 12 months
- 4.42%
- Holdings
- 532
- Volume · 30D
- 2.7M sh
- NAV per share
- $49.62
- 52W range
The ETF.net PULS Grade
Score 78 of 100 sits in the A 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.BScore 68Category 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.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 76Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 80Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
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
- 532
- 8%
- PAAA
Sectors
- Corporate50.3%
- Securitized49.5%
- 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.
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 | PULS |
|---|---|
| Year to date | +2.9% |
| 1 month | +0.3% |
| 3 months | +1.0% |
| 1 year | +4.2% |
| 3 years | +5.3% |
| 5 years | +4.3% |
| 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 | +2.9% | |
| 2025 | +5.0% | |
| 2024 | +6.1% | |
| 2023 | +6.3% | |
| 2022 | +1.5% | |
| 2021 | +0.5% | |
| 2020 | +1.5% |
PULS in the news
ETF.net Research hasn’t filed on PULS yet — coverage lands here as it’s written.
PULS Dividends
- 4.42%
- $2.19
- $0.18 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.18 |
| Jul 31, 2026 | Aug 4, 2026 | $0.17 |
| Jun 30, 2026 | Jul 2, 2026 | $0.16 |
| May 29, 2026 | Jun 2, 2026 | $0.18 |
| Apr 30, 2026 | May 4, 2026 | $0.17 |
| Mar 31, 2026 | Apr 2, 2026 | $0.18 |
| Mar 2, 2026 | Mar 4, 2026 | $0.17 |
| Feb 2, 2026 | Feb 4, 2026 | $0.18 |
| Dec 30, 2025 | Jan 2, 2026 | $0.23 |
| Dec 1, 2025 | Dec 3, 2025 | $0.19 |
| Nov 3, 2025 | Nov 5, 2025 | $0.20 |
| Oct 1, 2025 | Oct 3, 2025 | $0.19 |
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.
- 2.13
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
- The middle half of Cash & Ultra-Short Income funds
- Median 0.19%
20 of the 77 Cash & Ultra-Short Income funds charge less.