PULS

The PGIM Ultra Short Bond ETF (PULS) invests primarily in investment‑grade, U.S.‑dollar‑denominated short‑term debt such as government and agency securities, corporate bonds, commercial paper, asset‑backed securities, municipal bonds and floating‑rate instruments, with most maturities three years or less. It is an actively managed fund that uses a blend of fundamental and quantitative analysis, applying both top‑down and bottom‑up security selection to keep the weighted‑average portfolio duration around one year and emphasize capital preservation while generating modest income. This ultra‑short bond approach makes the ETF appropriate for conservative investors, cash‑management needs, or portfolios that require a low‑volatility, short‑duration fixed‑income component.