Fund Description
The investment objective of PGIM Ultra Short Bond ETF is to seek total return through a combination of current income and capital appreciation, consistent with preservation of capital. The fund invests primarily in a portfolio of investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt instruments. Under normal market conditions, it invests at least 80% of its investable assets in bonds with varying maturities. Although the fund may invest in instruments of any duration or maturity, it normally will seek to maintain a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less. The Fund s weighted average portfolio duration and maturity, however, may be longer at any time or from time to time based on market conditions.
Fund Profile
Fund Name PGIM Ultra Short Bond ETF
Fund Exchange Ticker PULS
Fund Sponsor PGIM Investments
Fund ISIN US69344A1079
Net Expense Ratio 0.15 %
Fund Inception Date 5 April 2018
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 <1 year
Bond Currency Denomination USD
Key Statistics
Return As of Date 17 June 2019
Asset Under Management 378.16 Million (USD)
1 Month Total Return 0.18 %
Year To Date Return 1.51 %
1 Year Total Return 2.74 %
3 Year Annualized Total Return
NAV 50.0873
Share Outstanding 7,550,000
Top 10 Holdings (17 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
JPMBB 2016-C1 1.694% 10/15/20 BOND 9.838859943431128e-05
MSBAM 2015-C2 1.548% 01/15/20 BOND 8.531910909051138e-05
COMM 2015-LC1 1.399% 12/10/19 BOND 7.135505647898911e-05
CD 2016-CD1 A 1.443% 08/10/21 BOND 6.69048606280807e-05
JPMCC 2012-CB 3.138% 06/15/21 BOND 5.909586575637428e-05
IRS RUS3MP02.85 03/11/21 CITCL FLOAT SWAP 0.05099127315715625
IRS RUS3MP03.00 12/21/20 CITCL FLOAT SWAP 0.04801135007153063
IRS RUS3MP02.80 11/02/20 CITCL FLOAT SWAP 0.036849941728495386
IRS RUS3MP02.67 01/11/22 CITCL FLOAT SWAP 0.033324586292375794
IRS RUS3MP02.85 05/09/21 CITCL FLOAT SWAP 0.03241996678423944