PUSHPGIM Ultra Short Municipal Bond ETF

Get income1y track recordRanked #725 of 1,622 in this goal

Seeks total return through tax-exempt income and capital appreciation.

By PGIM · Launched 2024

Annual Cost

0.15%

#740 of 5,562 · low cost

Fund Size

$97M

#2,980 of 5,562 · mid-size

Dividend YieldGoal

3.56%

Track Record

1 year

#3,638 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,367+3.7%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 22.3% of fund✓ well diversified

MAIN STREET NATURAL GAS INC GA

3.1%

ARIZONA ST INDL DEV AUTH MF HS

2.7%

KENTUCKY ST PUBLIC ENERGY AUTH

2.6%

MASSACHUSETTS ST DEV FIN AGY R

2.3%

MAIN STREET NATURAL GAS INC GA

2.2%

CALIFORNIA ST INFRASTRUCTURE &

2.2%

ILLINOIS ST FIN AUTH REVENUE

2.1%

HOUSTON TX HSG FIN CORP MF HSG

1.8%

PUBLIC FIN AUTH WI REVENUE

1.7%

CALIFORNIA ST

1.7%

Asset allocation

Bonds

93.8%

Cash

6.2%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.5%Low

Year-on-year price swings

Max drawdown

-0.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

Unavailable

Needs 3+ years of history

Sortino (3Y)

Not yet

Needs 3+ years of history

Bond profile

Duration

4.4 years

Avg maturity

10.1 years

Credit ratings

AAA

10.3%

38.2%

35.9%

BBB

10.5%

1.4%

Other

3.7%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks total return through tax-exempt income and capital appreciation.
Strategy: Invests primarily in investment grade municipal bonds with a weighted average duration of two years or less. Actively managed, using top-down economic analysis and bottom-up research for security selection, may include high yield municipal debt and derivatives for risk management.
Inception date: June 24, 2024
Fund family: PGIM