PGIM Ultra Short Municipal Bond ETF
$49.95+0.07 (+0.14%)
- 0.15%
- $166M
- +2.1%
- 3.16%
- 0M sh
- $49.82
- low $48.71high $51.46
The ETF.net PUSH Grade
A
Score 73 out of 100
- 8 of 28
Score 73 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.B69 out of 100Rank 2 of 27Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C43 out of 100Rank 17 of 28Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B58 out of 100Rank 13 of 28Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.D35 out of 100Rank 21 of 28
Our read on PUSH
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.
The fund seeks total return from current income exempt from federal income taxes and capital appreciation.
Why people hold it
- At 0.15%, it costs less than the typical short-muni ETF and undercuts the group's other active options, GUMI and JMST. Cheap active is unusual in munis.
- Actively run by PGIM Fixed Income's muni team, with room for up to 10% in high-yield muni debt. An index tracker cannot make that call.pgim.com
- Income is exempt from federal income tax and paid monthly, and the ultra-short benchmark (Bloomberg 1 Year Municipal Bond Index) keeps interest-rate sensitivity slim.
- Has stayed tight to its stated ultra-short muni mandate since launch, and rates as one of the stronger implementations in its short-muni peer group.
Worth knowing
- Thinly traded with a modest asset base, so spreads can widen and a chunky order can move the price.
- Launched in 2024, so the record is short. PGIM itself flags new/small fund risk given the limited operating history.pgim.com
- Creations and redemptions may be done in cash, which PGIM notes can make it less tax-efficient than an in-kind ETF. The exemption is federal, not state.pgim.com
PUSH Holdings
- Bonds
- 382
- 13%
- State of Oregon Housing & Community Services Department
Geography
- United States100.00%
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$10,205
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 | PUSH |
|---|---|
| Year to date | +1.3% |
| 1 month | −0.3% |
| 3 months | −0.3% |
| 1 year | +2.1% |
| 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 | +1.3% | |
| 2025 | +4.2% | |
| 2024 | +1.7% |
PUSH in the news
PUSH Dividends
- 3.16%
- $1.58
- $0.12 per share
- Monthly
Distribution history
PUSH Risk
- 1.1%
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.
- −1.05
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.
PUSH Cost
0.15%
PUSH0.15%
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
5 of the 27 Short-Duration Municipal Bonds funds charge less.
Other funds in Short-Duration Municipal Bonds
- AJMSTJPMorgan Ultra-Short Municipal Income ETFExpense ratio 0.18%1 year return +2.0%
- ASHMState Street SPDR Nuveen ICE Short Term Municipal Bond ETFExpense ratio 0.20%1 year return +0.1%
- ASMBVanEck Short Muni ETFExpense ratio 0.07%1 year return +0.5%
- BEVSMEaton Vance Short Duration Municipal Income ETFExpense ratio 0.19%1 year return +0.7%
- BMEARiShares Short Maturity Municipal Bond Active ETFExpense ratio 0.26%1 year return +1.4%