PULS ETF — PGIM Ultra Short Bond ETF

PGIM Ultra Short Bond ETF (PULS)

Updated October 2, 2026.

PULS is a low-cost ETF. its distribution rate is 4.14%, its trailing-12-month yield is 4.39%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 83/100 (Safe). Total return is 32.4% over the past 8.5 years, 197.7 points behind SPY at 230.1%.

At the current 4.14% distribution rate, a $10,000 investment would generate approximately $414 per year, or $34.50 per month.

PGIM Ultra Short Bond ETF is an ETF that invests primarily in investment-grade, U.S. dollar-denominated short-term debt instruments, typically maintaining a weighted average duration of one year or less. The fund distributes monthly income at a current rate in the mid-single-digit percentages, with a low expense ratio of 0.15%. It appeals to income-focused investors seeking steady distributions with minimal interest-rate risk from a large, established fund.

PULS performance versus SPY

Price and return data through 2026-10-02.

Total return is 32.4% over the past 8.5 years, 197.7 points behind SPY at 230.1%. Over the past year its total return — price change plus distributions reinvested — is 4.1%. Its deepest 1-year drawdown was 0.1%.

PULS key facts

Distribution Safety Score™

83 · Safe

Safety-Adjusted Yield

3.44%

Issuer

PGIM Investments

Asset type

ETF

Asset class

Fixed Income

Inception date

04/05/2018

Expense ratio

0.15%

Distribution rate

4.14%

Distribution frequency

Monthly

Trailing yield

4.39%

Last close

$49.47 (as of 2026-10-02)

AUM

$19,437,029,962

Average volume

4161100.0

Last dividend

$0.17048

Last ex-dividend date

09/30/2026

Last payment date

10/02/2026

Beta

0.03

How Dividend Vision calculates yield and returns

Distribution rate (4.14%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.39%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Yield and safety methodology · Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: PGIM Investments or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

PULS risks and drawbacks

Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 0.1%.

Who may consider PULS — and who may not

PULS may suit someone looking for low-cost broad dividend exposure, a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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