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ALL
AUM
$19.83B
P/E ratio
21.7
Dividend yield
5.1405%
Expense ratio
0.15%
Beta
0.015241
Previous close
$49.60
Today's open
$49.60
Day's range
$49.60 - $49.62
52 week range
$49.45 - $49.83
Bonds
Domestic
PAAA
Pgim Aaa Clo Etf
2.22%
PULS: A Better Place For Defensive Cash
PGIM Ultra Short Bond ETF earns a Buy rating with a 4.30% SEC yield, 0.3-year duration, and a competitive 0.15% expense ratio. The fund offers roughly 70 bp more yield than SGOV, compensating investors for taking investment-grade corporate and structured-credit exposure. PULS generates most of its expected return from carry rather than duration, reducing dependence on the timing of Fed rate cuts.
Seeking Alpha • Aug 19, 2026

PULS: Above-Treasury Yield At A Time When Equities Aren't Paying More
PGIM Ultra Short Bond ETF offers a ~4.23% SEC yield with ultra-short duration and investment-grade credit exposure and is rated Buy. PULS has consistently outperformed its ICE BofA US 3-Month Treasury Bill Index benchmark and yields higher than Treasury ETFs such as SHV. The ETF's active management, low duration (~0.4 years), and moderate 0.15% expense ratio support its role as a superior cash-parking vehicle.
Seeking Alpha • May 26, 2026

PULS: Low Credit Risk For Parking Liquidity
PGIM Ultra Short Bond ETF (PULS) offers a cash-plus solution for portfolio liquidity, outperforming 3-month Treasury bills by about 50 basis points. PULS is actively managed, highly diversified, and maintains low duration, making it resilient to interest rate movements and suitable for short-term investors. The fund delivers a SEC yield of 4.32% and NAV distribution yield of 4.8%, with most returns driven by interest rather than capital appreciation.
Seeking Alpha • Nov 25, 2025

3 Dividend Stocks I'm Buying As Irrational Exuberance Takes Over
Current market conditions reflect irrational exuberance, with surging valuations in stocks, precious metals, crypto, and collectibles reminiscent of past bubbles. Conflicting economic signals persist: inflation data is mixed, the labor market is weakening, but affluent consumer spending and bank lending remain resilient. Dividend growth investing remains my preferred strategy, with a focus on high-quality REITs, utilities, and my favorite cash equivalent ETF.
Seeking Alpha • Sep 13, 2025

PULS: Ultra-Short Active Management
PULS ETF offers stable income with minimal duration risk, focusing on capital preservation and high liquidity for conservative investors. Active management and investment-grade bias allow PULS to adapt quickly to interest rate changes, maintaining attractive yields versus cash. Falling short-term forwards suggest yields will gradually normalize, but PULS remains resilient due to its ultra-short duration and flexible portfolio.
Seeking Alpha • Sep 6, 2025

The $10 Billion Club: New Stars in Active Bonds
Last week, the iShares Flexible Income Active ETF (BINC) reached a significant milestone and became the latest member of the $10 billion of the active fixed income club. The exclusive club now has six members, fewer than half the number of active equity ETF members.
ETF Trends • Jul 14, 2025

ETF Records Were Made to Be Broken
Mid-2025 is approaching, and exchange traded fund demand continues its robust growth. Last year was a landmark year for the ETF industry, with industry net inflows for the first time surpassing $1 trillion and one ETF exceeding $100 billion in net inflows.
ETF Trends • Jun 23, 2025

PULS Can Provide Liquidity, But It May Be Time To Rotate Into Long-Dated Bonds
PGIM Ultra Short Bond ETF is a diversified, ultrashort and short-duration bond strategy, providing investors with monthly income. The ETF is highly liquid and can potentially be utilized in place of money market funds. Interest rate cuts may pressure future yields as maturing bonds are replaced with lower-yielding assets, making long-duration bonds more attractive for income seekers.
Seeking Alpha • Jun 17, 2025

Active ETFs Steal the Show: Topping $1 Trillion Mark
Despite the ETF industry's passive roots, active has stolen the show. Active ETF assets just topped the $1 trillion threshold, making up nearly 10% of the total ETF pie.
ETF Trends • Apr 2, 2025

Being Short Has Its ETF Benefits
After a record year for fixed income ETFs in 2024, demand has been even stronger to start 2025. U.S. listed fixed income ETFs pulled in $78 billion in the first two months.
ETF Trends • Mar 5, 2025

¹ Disclosures

Open an M1 investment account to buy and sell PGIM Ultra Short Bond ETF commission-free¹. Build wealth for the long term using automated trading and transfers.