Skip to Content
ETFs

PGIM Ultra Short Bond ETF

PULS
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Apr 05 2018
Expense Ratio
0.15%
Type
US Bonds
Fund Owner
PGIM Investments
Volume (1m avg. daily)
$55,732,618
AUM
$4,285,831,500
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
Yes
Prospectus
View

Top 10 Holdings

n/a
PRUDENTIAL CORE GOV MM FU
3.30%
n/a
HCP INC
1.51%
n/a
CGCMT 2013-GC17 A4
1.10%
n/a
REALTY INCOME CORP
0.93%
n/a
CITI CAC BALANCE
0.87%
IBM26
International Business Machines Corp. - 4.50% NT REDEEM 06/02/2026 USD 100000
0.86%
n/a
SOCIETE FRN 12/23
0.82%
n/a
TKO 2022-2A A1
0.82%
n/a
UDR INC
0.81%
n/a
NCC 2022-1A A1
0.81%
Invest with PULS

What is PULS?

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.

ETFs related toPULS

ETFs correlated to PULS include NEAR, SHY, VNLA

PULS
PGIM ETF Trust - PGIM Ultra Short Bond ETF
NEAR
BlackRock Institutional Trust Company N.A. - BlackRock Short Maturity Bond ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
VNLA
Janus Capital Management LLC - Janus Henderson Short Duration Income ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF
IBTH
iShares Trust - iShares iBonds Dec 2027 Term Treasury ETF
IEI
BlackRock Institutional Trust Company N.A. - iShares 3-7 Year Treasury Bond ETF
SCHO
Schwab Strategic Trust - Schwab Short-Term U.S. Treasury ETF
MINT
Pimco Exchange Traded Fund - PIMCO Enhanced Short Maturity Active Exchange-Traded Fund
SPTS
SSgA Active Trust - SPDR Portfolio Short Term Treasury ETF
SHAG
WisdomTree Trust - WisdomTree Yield Enhanced U.S. Short-Term Aggregate Bond Fund

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 toPULS

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

Category

Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PULS using Composer

FAQ

PULS is a US Bonds ETF. 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.

Yes, PULS 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, PULS 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 PULS is -0.0002%. This is the percent change in the value of PULS over the most recent 1-month period. The 3-month return on PULS is 0.0123%. This is the percent change in the value of PULS over the most recent 3-month period.

The standard deviation of PULS for the past year is 0.0141%. 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 PULS include BIV, BLV, and FLOT.

ETFs correlated to PULS include NEAR, SHY, and VNLA.

ETFs that are inversely correlated to PULS include GFEB, TYO, and CVLC.

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.