Fund Description
The Fund invests, under normal circumstances, at least 80% of the Funds investable assets in bonds. For purposes of this policy, bonds include all fixed income securities, including but not limited to debt obligations issued by the US government and its agencies, corporate debt securities, mortgage-related securities and asset-backed securities (including collateralized debt obligations and collateralized loan obligations). In pursuit of this policy, the Fund may invest a large percentage of its investable assets in securities included in the Bloomberg Barclays US Aggregate Bond Index (the Index). The Index invests in a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States including government, corporate, and international US dollar-denominated bonds, as well as mortgage-backed and asset-backed securities, all with maturities of more than 1 year. The Fund is not sponsored by or affiliated with Bloomberg. The term investable assets refers to the Funds net assets plus any borrowings for investment purposes. The Funds investable assets will be less than its total assets to the extent that it has borrowed money for non-investment purposes, such as to meet anticipated redemptions. The Fund is an actively managed exchange-traded fund (ETF) and, thus, does not seek to replicate the performance of a specified index.
Fund Profile
Fund Name PGIM Active Aggregate Bond ETF
Fund Exchange Ticker PAB
Fund Sponsor PGIM Investments
Fund ISIN US69344A7019
Net Expense Ratio 0.19 %
Fund Inception Date 15 April 2021
Fund Legal Structure ETF (Open end fund)
Exchange NYSE Arca
Listing Country Code US
Fund Investment Objective
ETF Type Specific Bonds - Broad Market
Asset Class Bonds
Index Linked Active
Index Name Not Applicable
Index Provider Not Applicable
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Bond Type Broad Market
Credit Quality Investment Grade Only
Average Maturity Fund Holds All Maturity Ranges
Bond Currency Denomination USD
Key Statistics
Return As of Date 26 November 2021
Asset Under Management 26.45 Million (USD)
1 Month Total Return -0.21 %
Year To Date Return 1.00 %
1 Year Total Return
3 Year Annualized Total Return
NAV 50.38
Share Outstanding 525,000
Top 10 Holdings (26 November 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
FNMA 30YR TBA 2.5% JAN 22 BOND 0.0773240439
US TREAS BDS 1.875% 02/15/41 BOND 0.0626202087
US TREAS BDS 2.5% 02/15/46 BOND 0.0461797674
FNMA 30YR TBA 2.5% DEC21 FUTR 0.0290679805
JPMCC 2019-CO 3.123% 02/13/29 BOND 0.0198727742
FNMA TBA 30YR 3% JAN 22 BOND 0.0196096828
FNMA TBA 15YR 2.5% DEC 21 BOND 0.0195847271
G2SF 30YR TBA 3.0% 123456*2022 BOND 0.0195654431
UMBS P#MA4423 2.5% 09/01/41 BOND 0.0191791504