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PGIM Ultra Short Bond (PULS)
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Upturn Advisory Summary
12/19/2024: PULS (2-star) has a low Upturn Star Rating. Not recommended to BUY.
Analysis of Past Performance
Type: ETF | Upturn Star Rating | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 14.03% | Upturn Advisory Performance  5 | Avg. Invested days: 193 |
| Profits based on simulation | ETF Returns Performance  3 | Last Close 12/19/2024 |
Type: ETF | Today’s Advisory: Consider higher Upturn Star rating |
Historic Profit: 14.03% | Avg. Invested days: 193 |
Upturn Star Rating | ETF Returns Performance 3 |
| Profits based on simulation Last Close 12/19/2024 | Upturn Advisory Performance 5 |
Key Highlights
Volume (30-day avg) 1696125 | Beta 0.03 |
52 Weeks Range 46.86 - 49.73 | Updated Date 12/20/2024 |
52 Weeks Range 46.86 - 49.73 | Updated Date 12/20/2024 |
AI Summarization
PGIM Ultra Short Bond ETF (PBS) - Summary
Profile:
PGIM Ultra Short Bond ETF (PBS) is an actively managed exchange-traded fund that invests primarily in U.S. dollar-denominated short-term fixed income securities. The ETF seeks to provide current income and capital preservation.
Objective:
The primary investment objective of PBS is to maximize total return, consisting of current income and capital appreciation.
Issuer:
PGIM Investments is the issuer of PBS. PGIM is a global asset management leader with over $1.5 trillion in assets under management.
- Reputation and Reliability: PGIM has a strong reputation for its investment expertise and track record of managing fixed income portfolios.
- Management: The ETF is managed by a team of experienced portfolio managers with expertise in the fixed income market.
Market Share and Assets:
PBS has a market share of approximately 0.7% in the ultra-short bond ETF category. The ETF has $1.2 billion in total net assets.
Moat:
- Active Management: PBS is actively managed, which allows the portfolio managers to take advantage of market opportunities and mitigate risks.
- Experienced Management Team: The ETF benefits from the expertise and experience of PGIM's fixed income team.
- Focus on Credit Quality: The ETF invests in high-quality, short-term fixed income securities, which helps to reduce credit risk.
Financial Performance:
- Historical: PBS has a strong track record of performance, with an average annual return of 5.2% over the past 3 years.
- Benchmark Comparison: PBS has outperformed its benchmark, the Bloomberg U.S. Treasury Bill 1-3 Month Index, over the past 3 and 5 years.
Growth Trajectory:
The ultra-short bond ETF market is expected to grow in the coming years, driven by factors such as rising interest rates and increased demand for income-generating investments.
Liquidity:
- Average Trading Volume: PBS has an average daily trading volume of approximately 100,000 shares.
- Bid-Ask Spread: The ETF has a tight bid-ask spread, which indicates that it is relatively easy to buy and sell shares.
Market Dynamics:
- Economic Indicators: Interest rates, inflation, and economic growth can impact the performance of short-term fixed income securities.
- Sector Growth Prospects: The ultra-short bond ETF market is expected to benefit from rising interest rates.
- Market Conditions: Market volatility can impact the price of the ETF.
Competitors:
- iShares Aaa - A Rated Short Term Bond (QLTA) - Market Share: 2.1%
- Vanguard Short-Term Treasury ETF (VGSH) - Market Share: 1.7%
- SPDR Bloomberg Barclays Short Term Treasury ETF (BSV) - Market Share: 1.4%
Expense Ratio:
PBS has an expense ratio of 0.15%.
Investment Approach and Strategy:
- Strategy: PBS actively manages its portfolio to maximize total return.
- Composition: The ETF invests primarily in U.S. dollar-denominated short-term fixed income securities, including U.S. Treasury bills, agency securities, and commercial paper.
Key Points:
- Actively managed
- Focus on credit quality
- Strong track record of performance
- Competitive expense ratio
Risks:
- Interest Rate Risk: Rising interest rates can lead to a decline in the value of the ETF's holdings.
- Credit Risk: The ETF invests in fixed income securities, which are subject to credit risk.
- Market Risk: The ETF's price can fluctuate due to market conditions.
Who Should Consider Investing:
PBS is suitable for investors seeking current income and capital preservation from a portfolio of high-quality, short-term fixed income securities.
Fundamental Rating Based on AI:
Based on an AI-based analysis of PBS's financial health, market position, and future prospects, the ETF receives a Fundamental Rating of 8/10.
Resources and Disclaimers:
- PGIM Investments website: https://www.pgim.com/en/us/individual/etfs/p/pbs
- ETF.com: https://www.etf.com/PBS
- Morningstar: https://www.morningstar.com/etfs/arcx/pbs/performance
Disclaimer: This information is for educational purposes only and should not be considered investment advice. Please consult with a financial professional 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 Ultra Short Bond
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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