PAB vs. PULS ETF Comparison

Comparison of Active Aggregate Bond ETF (PAB) to PGIM Ultra Short Bond ETF (PULS)

PAB

Active Aggregate Bond ETF

PAB Description

PGIM ETF Trust - PGIM Active Aggregate Bond ETF is an exchange traded fund launched and managed by PGIM Investments LLC. The fund is co-managed by PGIM Fixed Income. It invests in the fixed income markets of the United States. The fund primarily invests in investment-grade, US government and its agencies, corporate debt securities, mortgage-related securities and asset-backed securities that are rated BBB- or higher by S&P Global Ratings, or Baa3 or higher by Moody’s Investors Service, Inc. It invests in securities having a maturity more than one year. The fund employs a combination of fundamental with bottom-up and top-down security picking approach and quantitative analysis to create its portfolio. It benchmarks the performance of its portfolio against the Bloomberg Barclays US Aggregate Bond Index. The fund employs proprietary research to create its portfolio. PGIM ETF Trust - PGIM Active Aggregate Bond ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$41.92

Average Daily Volume

8,214

Number of Holdings ^*

* may have additional holdings in another (foreign) market

PULS

PGIM Ultra Short Bond ETF

PULS Description

The investment seeks 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.

Grade (RS Rating)

Last Trade

$49.71

Average Daily Volume

1,677,632

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	PAB	PULS
30 Days	-0.64%	0.41%
60 Days	-2.93%	0.83%
90 Days	-1.82%	1.43%
12 Months	6.00%	6.47%

1 Overlapping Holdings

	Symbol	Grade	Weight in PAB	Weight in PULS	Overlap
	PAAA	A	3.18%	0.32%	0.32%

PAB Overweight 0 Positions Relative to PULS

	Symbol	Grade	Weight

PAB Underweight 0 Positions Relative to PULS

	Symbol	Grade	Weight

PAB: Top Represented Industries & Keywords

Industries:

Keywords: Bond Credit Rating Bond Market Collateralized Loan Obligation Credit Rating Nationally Recognized Statistical Rating Organization

PULS: Top Represented Industries & Keywords

Industries:

Keywords: Bond Credit Rating Bond Market Collateralized Loan Obligation Credit Rating Nationally Recognized Statistical Rating Organization