PGIM Ultra Short Bond ETF
Find Ratings Reports- Last Ratings Update:02/29/2024
- Price as of 02/29/2024 :$49.66
- Net Assets:$0 Million
- NAV:$49.47
- Premium0.38%
- Peer Rank:15 of 124
- Investment Rating:B-
- Performance:C-
- RiskB+
We rate PGIM Ultra Short Bond at B-. Positive factors that influence this rating include a greater than above average total return, low price volatility, low expense structure and long term portfolio management tenure. The fund may be considered for investors seeking a Corporate - Investment Grade strategy.
Total return ranks above peers over the last three years. The PGIM Ultra Short Bond has returned an annual rate of 2.60% since inception. More recently, the fund has generated a total return of 2.56% in the last five years, 2.96% in the last three years, and 6.14% in the last year. How does that compare to other equity funds? In the last five years, it has outperformed 32% of them. It has also outpaced 50% of its competitors on a three year basis and 34% of them over the last year for the period ending 2/29/2024. On a year to date basis, PULS has returned 1.12%.
Downside risk has been below average. PULS has a draw down risk of -1.64%, which is the largest price decline experienced over the last three years. This fund has a three year standard deviation of 1.0%. This fund has had very little volatility in its monthly performance over the last 36 months.
Low expense ratio helps performance. As PULS is an exchange traded fund, it has no front end or back end load.
The PGIM Ultra Short Bond is managed by Joseph A. D'Angelo at PGIM Investments LLC. This fund is one of 6 PGIM Investments LLC exchange-traded funds launched since 4/30/2012 that we track.