Key stats
About PGIM ETF Trust PGIM Short Duration Multi-Sector Bond ETF
Expense ratio
0.40%
Home page
Inception date
Jul 19, 2023
PDSM provides broad exposure to the global fixed income market by investing in securities across different sectors including corporate and government debt, mortgage- and asset-backed securities, fixed and floating rate loans, and loan participations and assignments. In seeking total return, the fund may hold high-yield bonds up to 50% of the portfolio in addition to investing in investment grade. These securities may also be issued by both US and foreign lenders with the latter capped at 40%. Although the fund does not limit itself to holding bonds of any duration or maturity, it sets to maintain a weighted average portfolio duration of three years or less, and average maturity of five years or less. In managing the fund, top-down economic analysis is paired with bottom-up research to develop views on economic, policy, and market trends, as well as internal rating and outlook on issuers. Due to the funds active management, investment decisions are at the discretion of the manager.
Classification
What's in the fund
Exposure type
Securitized
Corporate
Government
Stocks0.14%
Utilities0.14%
Bonds, Cash & Other99.86%
Securitized40.55%
Corporate31.27%
Government26.76%
Cash2.65%
Miscellaneous−1.37%