PGIM Ultra Short Municipal Bond ETF
$49.98−0.08 (−0.16%)
- Expense ratio
- 0.15%
- Fund size
- $143M
- 1Y return
- +1.7%
- Yield · Last 12 months
- 3.18%
- Volume · 30D
- 0M sh
- NAV per share
- $50.04
- 52W range
The ETF.net PUSH Grade
Score 73 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.AScore 80Category 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.AScore 74Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 37Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 59Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 35Category rank
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
- —
- 13%
- (PIPA070) PGIM Core Government Money Market Fund
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.
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 | PUSH |
|---|---|
| Year to date | +1.4% |
| 1 month | −0.4% |
| 3 months | +0.0% |
| 1 year | +1.7% |
| 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 | +1.4% | |
| 2025 | +4.2% | |
| 2024 | +1.7% |
PUSH in the news
ETF.net Research hasn’t filed on PUSH yet — coverage lands here as it’s written.
PUSH Dividends
- 3.18%
- $1.59
- $0.13 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.13 |
| Jul 31, 2026 | Aug 4, 2026 | $0.13 |
| Jun 30, 2026 | Jul 2, 2026 | $0.14 |
| May 29, 2026 | Jun 2, 2026 | $0.14 |
| Apr 30, 2026 | May 4, 2026 | $0.13 |
| Mar 31, 2026 | Apr 2, 2026 | $0.13 |
| Mar 2, 2026 | Mar 4, 2026 | $0.12 |
| Feb 2, 2026 | Feb 4, 2026 | $0.13 |
| Dec 30, 2025 | Jan 2, 2026 | $0.13 |
| Dec 1, 2025 | Dec 3, 2025 | $0.14 |
| Nov 3, 2025 | Nov 5, 2025 | $0.14 |
| Oct 1, 2025 | Oct 3, 2025 | $0.14 |
PUSH Risk
- 0.8%
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.
- −0.80
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.
- 0.04
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
- The middle half of Short-Duration Municipal Bonds funds
- Median 0.25%
5 of the 27 Short-Duration Municipal Bonds funds charge less.