PULS

PGIM Ultra Short Bond ETF

Actively managed ultra-short duration bond ETF. Near-zero rate risk with yield above money market funds. Cash alternative.

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Fixed IncomeTER 0.15%Dist.

TER

0.15%

AUM

$5B

CAGR

3.3%

Volatility

1.7%

Sharpe

0.20

Max Drawdown

-2.7%

Data Range

2018-04 → 2026-04

Performance Analysis

Maximum Drawdown History

How far the ETF has fallen from its all-time high at each point. Deeper = more painful.

Current DD0.0%

Worst DD-2.7%

Worst date2020-03

Rolling Returns

Annualized returns over rolling windows. Shows the range of outcomes depending on when you invested.

Avg return3.1%

Best5.9%

Worst1.0%

% positive100%

61 periods

Key Facts

ISIN

US69346R1095

Issuer

Invesco

Benchmark

ICE BofA 0-1 Year US Corporate Index

Total Expense Ratio (TER)

0.15%

Assets Under Management

$5B approx.

Inception Date

2018-04-05

Domicile

United States

Legal Structure

Open-Ended Fund

Dividend Policy

Distributing (pays dividends)

Replication Method

Physical (Optimized Sampling)

UCITS Status

✗ Not UCITS

Fund Currency

USD

Primary Exchange

NYSE Arca

Number of Holdings

~300

Top 10 Holdings

Top 10 represent 24.8% of the fund.

CP-ACommercial Paper A

4.00%

Financials

UST-1MUS Treasury Bill 2026-06

3.50%

Government

CP-BCommercial Paper B

3.00%

Financials

CD-ACertificate of Deposit A

2.80%

Financials

FRN-AFloating Rate Note A

2.50%

Financials

UST-3MUS Treasury Bill 2026-08

2.20%

Government

CP-CCommercial Paper C

2.00%

Financials

REPORepo Agreement

1.80%

Government

CD-BCertificate of Deposit B

1.60%

Financials

FRN-BFloating Rate Note B

1.40%

Financials

Sector Breakdown

Financials

55%

Government

25%

Corporate

10%

Other

10%

Source: Official issuer data · Last updated: 2026-05-12

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Who Is This ETF For?

✓Portfolio stabilizer and income generator. Reduces overall portfolio volatility when paired with equities.

Key Risks to Consider

• Interest rate risk: bond prices fall when rates rise.

• Non-UCITS: may have unfavorable tax treatment for non-US investors (US estate tax, withholding tax).

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AGG0.03% TER

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TIP0.19% TER

iShares TIPS Bond ETF

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SHV0.15% TER

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Data & Methodology

Metadata sourced from official issuer documentation. Price data from Yahoo Finance (monthly adjusted close, includes reinvested dividends and splits). AUM figures are approximate and updated quarterly.

Data source: Yahoo Finance (adjusted close), PGIM (metadata)Last verified: 2026-04-17

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💬 Frequently Asked Questions

Actively managed ultra-short duration bond ETF. Near-zero rate risk with yield above money market funds. Cash alternative.

PULS has a total expense ratio (TER) of 0.15%, which means you pay $15 per year for every $10,000 invested.

Yes, PULS is a distributing ETF that pays dividends to shareholders. The frequency depends on the fund's schedule.

PULS is a US-domiciled ETF (not UCITS). Non-US investors should consider the US estate tax implications (40% on US assets above $60,000) and the 30% dividend withholding tax (reduced by treaty in some countries).

PULS uses optimized sampling, holding a representative subset of the ICE BofA 0-1 Year US Corporate Index index to minimize costs while closely tracking performance.