PGIM Ultra Short Municipal Bond ETF
$50.22−0.03 (−0.06%)
- 0.15%
- $200M
- +3.0%
- 3.39%
- 45.1K sh
- low $48.71high $51.46
The ETF.net PUSH Grade
A
Score 71 out of 100
- 9 of 28
Score 71 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.A80 out of 100Rank 6 of 28Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 27Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 3 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D37 out of 100Rank 20 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B56 out of 100Rank 15 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D36 out of 100Rank 21 of 28
Our read on PUSH
In short
AThe muni cousin of PGIM's big ultra-short bond fund: an active, 0.15% portfolio of very short municipal bonds, run by PGIM's own muni desk and paying federally tax-exempt income monthly.
Stated mandate
The fund seeks total return from current income exempt from federal income taxes and capital appreciation.
Why people hold it
Worth knowing
PUSH Holdings
- Bonds
- 413
- 15%
- (PIPA070) PGIM Core Government Money Market Fund
Geography
- United States99.27%
- Puerto Rico0.60%
- Guam0.13%
PUSH 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.Not enough history yet.Not enough history yet.
PUSH$10,299
Returns run to the Oct 30, 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 | PUSH |
|---|---|
| Year to date | +2.3% |
| 1 month | +1.3% |
| 3 months | +0.8% |
| 1 year | +3.0% |
| 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 | PUSH |
|---|---|---|
| 2026 YTD | +2.3% | |
| 2025 | +4.2% | |
| 2024 | +1.7% |
PUSH in the news
PUSH Dividends
- 3.39%
- $1.71
- $0.13 per share
- Monthly
PUSH Risk
- 1.3%
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.
- −0.56
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.
- −1.3%
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.
- 0.04
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.
PUSH Cost
Overpaying vs VTES, tied cheapest in Short-Duration Municipal Bonds
$2,077
On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.
PUSH 0.15%
$3,137
VTES 0.05% Tied cheapest
$1,060
Cost over time
Year by year
| Year | PUSH | VTES | Overpaying |
|---|---|---|---|
| 10 | $274 | $92 | $182 |
| 20 | $1,071 | $360 | $711 |
| 30 | $3,137 | $1,060 | $2,077 |
Other funds in Short-Duration Municipal Bonds
- AJMSTJPMorgan Ultra-Short Municipal Income ETFExpense ratio 0.18%1 year return +2.8%
- ASHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETFExpense ratio 0.20%1 year return +1.6%
- BEVSMEaton Vance Short Duration Municipal Income ETFExpense ratio 0.19%1 year return +2.1%
- BCALIiShares Short-Term California Muni Active ETFExpense ratio 0.20%1 year return +1.8%
- BMEARiShares Short Maturity Municipal Bond Active ETFExpense ratio 0.26%1 year return +2.1%
