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ETFs

PGIM Active Aggregate Bond ETF

PAB
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 15 2021
Expense Ratio
0.19%
Type
US Bonds
Fund Owner
PGIM Investments
Volume (1m avg. daily)
$67,229
AUM
$42,690,000
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
FN MA4306 2.5 4/1/51
2.75%
n/a
US TREASURY N/B
2.68%
n/a
US TREASURY N/ 2.375 2/42
2.21%
n/a
Net Current Assets
1.94%
n/a
FR SD8128 2 2/1/51
1.78%
n/a
US TREASURY N/ 1.875 2/41
1.61%
n/a
US TREASURY N/B
1.58%
n/a
United States 0 % 2012-15.2.42 Int Pmt Only
1.55%
n/a
FR SD8141 2.5 4/1/51
1.44%
n/a
US TREASURY N/ 1.25 11/26
1.43%
Invest with PAB

What is PAB?

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.

ETFs related toPAB

ETFs correlated to PAB include UTEN, FLCB, BND

PAB
PGIM ETF Trust - PGIM Active Aggregate Bond ETF
UTEN
Rbb Fund Inc - US Treasury 10 Year Note ETF
FLCB
Franklin Templeton ETF Trust - Franklin U.S. Core Bond ETF
BND
Vanguard Group, Inc. - Vanguard Total Bond Market ETF
SPAB
SPDR Series Trust - SPDR Portfolio Aggregate Bond ETF
AGG
BlackRock Institutional Trust Company N.A. - iShares Core U.S. Aggregate Bond ETF
SCHZ
Schwab Strategic Trust - Schwab US Aggregate Bond ETF
BKAG
BNY Mellon ETF Trust - BNY Mellon Core Bond ETF
BBAG
J.P. Morgan Exchange-Traded Fund Trust - JPMorgan BetaBuilders U.S. Aggregate Bond ETF
PBND
Invesco Capital Management LLC - Invesco PureBeta SM US Aggregate Bond ETF
EAGG
iShares Trust - iShares ESG Aware U.S. Aggregate Bond ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPAB

#IDX

Equity Index Rotation

Category

Getting Started

Risk Rating

Moderate

#BND

Total Bond Market

Category

Benchmarks

Risk Rating

Conservative

Create your own algorithmic trading strategy with PAB using Composer

FAQ

PAB is a US Bonds ETF. 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.

Yes, PAB is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PAB is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PAB is 0.0224%. This is the percent change in the value of PAB over the most recent 1-month period. The 3-month return on PAB is 0.0224%. This is the percent change in the value of PAB over the most recent 3-month period.

The standard deviation of PAB for the past year is 0.0849%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to PAB include BIV, MINT, and BLV.

ETFs correlated to PAB include UTEN, FLCB, and BND.

ETFs that are inversely correlated to PAB include PST, TBX, and TYO.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.