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PGIM Ultra Short Bond (PULS)


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Upturn Advisory Summary
10/20/2025: PULS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type ETF | Historic Profit 8.58% | Avg. Invested days 384 | Today’s Advisory Consider higher Upturn Star rating |
Upturn Star Rating ![]() | Upturn Advisory Performance ![]() | ETF Returns Performance ![]() |
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Key Highlights
Volume (30-day avg) - | Beta 0.02 | 52 Weeks Range 47.19 - 49.76 | Updated Date 06/29/2025 |
52 Weeks Range 47.19 - 49.76 | Updated Date 06/29/2025 |
Upturn AI SWOT
PGIM Ultra Short Bond
ETF Overview
Overview
PGIM Ultra Short Bond ETF (PULS) seeks to provide current income while preserving capital by investing in a diversified portfolio of investment-grade, U.S. dollar-denominated ultra-short-term fixed income securities.
Reputation and Reliability
PGIM is a well-established asset manager with a solid reputation for fixed-income expertise.
Management Expertise
PGIM boasts a team of experienced fixed-income professionals with a proven track record in managing short-duration bond portfolios.
Investment Objective
Goal
To provide current income consistent with preservation of capital.
Investment Approach and Strategy
Strategy: The ETF aims to outperform the ICE BofA US Treasury Bill Index. It invests in a diverse range of ultra-short-term fixed-income securities.
Composition Primarily invests in investment-grade corporate bonds, government and agency securities, and asset-backed securities with maturities typically less than one year.
Market Position
Market Share: PULS holds a moderate market share within the ultra-short bond ETF segment.
Total Net Assets (AUM): 3846000000
Competitors
Key Competitors
- MINT
- BIL
- GBIL
- NEAR
Competitive Landscape
The ultra-short bond ETF market is competitive, with several large players. PULS differentiates itself through PGIM's active management and credit analysis expertise. While some competitors are passively managed, PULS' active approach may provide better risk-adjusted returns but exposes it to more management risk.
Financial Performance
Historical Performance: Historical performance data (return %) is represented below.
Benchmark Comparison: The ETF's performance is typically compared to the ICE BofA US Treasury Bill Index or a similar ultra-short bond benchmark.
Expense Ratio: 0.09
Liquidity
Average Trading Volume
PULS demonstrates moderate liquidity, as indicated by its average trading volume.
Bid-Ask Spread
The bid-ask spread is generally tight, reflecting relatively efficient trading.
Market Dynamics
Market Environment Factors
Economic conditions, interest rate movements, and credit spreads significantly influence PULS. Changes to monetary policy and investor sentiment impact its performance.
Growth Trajectory
The growth trajectory is linked to investor demand for low-risk, short-duration fixed income and PGIM's distribution capabilities.
Moat and Competitive Advantages
Competitive Edge
PULS benefits from PGIM's established reputation and extensive fixed-income research capabilities. Its active management approach allows for strategic adjustments to the portfolio based on market conditions. The ETF's diverse holdings mitigate credit risk, while its ultra-short duration limits interest rate sensitivity. PGIM's global reach and resources further enhance its ability to identify and capitalize on investment opportunities.
Risk Analysis
Volatility
PULS generally exhibits low volatility due to its ultra-short duration and focus on investment-grade securities.
Market Risk
Market risk stems primarily from interest rate fluctuations, credit spread widening, and potential liquidity constraints within certain sectors of the fixed-income market.
Investor Profile
Ideal Investor Profile
PULS is suited for investors seeking a low-risk, liquid investment for cash management, short-term savings, or as a defensive allocation within a broader portfolio.
Market Risk
PULS is best suited for short-term investors and those seeking capital preservation rather than long-term growth.
Summary
PGIM Ultra Short Bond ETF (PULS) offers a low-risk investment option focused on capital preservation and current income. Its active management, backed by PGIM's expertise, distinguishes it in the ultra-short bond ETF landscape. PULS is suitable for risk-averse investors looking for a liquid, short-term fixed-income allocation. However, its returns are generally lower compared to longer-duration bond funds or equity investments, and its market share reflects a competitive landscape.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Morningstar
- ETF.com
- PGIM Website
- Bloomberg
Disclaimers:
The data and analysis provided are for informational purposes only and should not be considered investment advice. Market conditions and investment performance can change rapidly, and past performance is not indicative of future results.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About PGIM Ultra Short Bond
Exchange NYSE ARCA | Headquaters - | ||
IPO Launch date - | CEO - | ||
Sector - | Industry - | Full time employees - | Website |
Full time employees - | Website |
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.

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