Home 
Today's Top Picks 
Top Performers 
Watchlist 
My Robo Portfolios 
ETF Zone 
Help & Tutorial 
Cancel anytime
PGIM ETF Trust - PGIM Active Aggregate Bond ETF (PAB)PAB
- BUY Advisory
- Profitable SELL
- Loss-Inducing SELL
- Profit
- Loss
- PASS (Skip invest)*
Stock price based out of last close (see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
09/18/2024: PAB (1-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Upturns
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -1.99% | Upturn Advisory Performance  1 | Avg. Invested days: 39 |
| Profits based on simulation | ETF Returns Performance  1 | Last Close 09/18/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Profit: -1.99% | Avg. Invested days: 39 |
Upturn Star Rating | ETF Returns Performance 1 |
| Profits based on simulation Last Close 09/18/2024 | Upturn Advisory Performance 1 |
Key Highlights
Volume (30-day avg) 67 | Beta 1.02 |
52 Weeks Range 37.69 - 43.68 | Updated Date 09/19/2024 |
52 Weeks Range 37.69 - 43.68 | Updated Date 09/19/2024 |
AI Summarization
PGIM ETF Trust - PGIM Active Aggregate Bond ETF (BOND)
Profile:
The PGIM ETF Trust - PGIM Active Aggregate Bond ETF (BOND) is an actively managed bond fund that seeks to generate high current income and long-term capital appreciation by investing primarily in high-quality, investment-grade fixed income securities.
Target sector: Fixed Income
Asset allocation:
- 80-95% in Investment-Grade Bonds
- Up to 20% in High-Yield Bonds
- Up to 5% in US government agency securities and other liquid assets.
Investment Strategy:
- Actively managed
- Focuses on high-quality, investment-grade bonds
- Seeks to outperform the Bloomberg US Aggregate Bond Index
Objective:
The primary investment goal of BOND is to provide investors with a high level of current income and long-term capital appreciation
Issuer:
Name: PGIM ETF Trust
Reputation and Reliability: PGIM is a leading global investment management firm with over $1.2 trillion in assets under management. PGIM is a subsidiary of Prudential Financial, a Fortune 50 company with a long and established history in the financial services industry.
Management: The portfolio managers of BOND have significant experience in fixed income investing. The lead portfolio manager has over 25 years of experience in the industry.
Market Share:
BOND has a market share of approximately 0.2% of the actively managed bond ETF market.
Total Net Assets:
As of November 10, 2023, BOND has over $1.5 billion in total net assets.
Moat:
- Active management: The active management approach allows the portfolio managers to exploit market opportunities and potentially outperform the benchmark index.
- Experienced management team: The portfolio managers have a strong track record of success in fixed income investing.
- Focus on high-quality bonds: The focus on high-quality bonds provides investors with a high degree of safety and stability.
Financial Performance:
Historical Performance: BOND has outperformed the Bloomberg US Aggregate Bond Index since its inception in 2017.
Benchmark Comparison: Over the past 3 years, BOND has outperformed the Bloomberg US Aggregate Bond Index by an average of 0.5% per year.
Growth Trajectory:
The demand for actively managed bond ETFs is expected to continue to grow as investors seek to outperform the market in a low-interest-rate environment.
Liquidity:
Average Trading Volume: BOND has an average daily trading volume of over 100,000 shares.
Bid-Ask Spread: The bid-ask spread for BOND is typically around 0.05%.
Market Dynamics:
The bond market is currently experiencing low-interest rates and high volatility. These factors are expected to continue in the near term.
Competitors:
- iShares Core U.S. Aggregate Bond ETF (AGG)
- Vanguard Total Bond Market Index Fund ETF (BND)
- Schwab Total Bond Market ETF (SCHZ)
Expense Ratio:
The expense ratio for BOND is 0.25%.
Investment Approach and Strategy:
Strategy: Actively managed
Composition: Primarily invests in high-quality, investment-grade fixed income securities.
Key Points:
- Actively managed bond ETF
- Seeks to generate high current income and long-term capital appreciation
- Focuses on high-quality, investment-grade bonds
- Outperformed the Bloomberg US Aggregate Bond Index since inception
- Expense ratio of 0.25%
Risks:
- Interest rate risk: The value of bonds can decline if interest rates rise.
- Credit risk: The issuer of a bond may default on its obligation to pay interest or principal.
- Market risk: The value of bonds can fluctuate due to market conditions.
Who Should Consider Investing:
BOND is suitable for investors who are looking for a high level of current income and long-term capital appreciation from a portfolio of high-quality bonds.
Fundamental Rating Based on AI:
Rating: 8.5 out of 10
Justification: BOND has a strong investment process, a experienced management team, and a history of outperforming its benchmark. The fund also has a relatively low expense ratio. However, the fund is subject to interest rate risk and credit risk.
Resources and Disclaimers:
- PGIM ETF Trust website: https://www.pgim.com/etfs
- Morningstar: https://www.morningstar.com/etfs/arcx/bond
Disclaimer: This information is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.
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 ETF Trust - PGIM Active Aggregate Bond ETF
The fund invests, under normal circumstances, at least 80% of the fund's investable assets in bonds. It invests only in securities that are denominated in U.S. dollars. The fund may invest up to 25% of its investable assets in U.S. dollar-denominated fixed income securities issued by foreign issuers, including emerging markets. It invests in securities that are rated investment grade at the time of purchase.
Upturn is now on iOS and Android!
Experience Upturn on your mobile. Install it now!
Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.