PULS ETF — PGIM Ultra Short Bond ETF

PGIM Ultra Short Bond ETF (PULS)

PULS is a low-cost ETF. As of August 19, 2026, its distribution rate is 4.14%, its trailing-12-month yield is 4.46%, its expense ratio is 0.15%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Fund total return is 31.9% over the past 8.4 years, 196.5 points behind SPY at 228.4%.

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

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

Data as of August 19, 2026.

Fund total return is 31.9% over the past 8.4 years, 196.5 points behind SPY at 228.4%. Its deepest 1-year drawdown was 0.3%.

PULS key facts

Data as of August 19, 2026.

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

3.39%

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

4.46%

Last close

$49.64

AUM

$18,562,371,673

Average volume

2236808.0

Last dividend

$0.1713

Ex-dividend date

07/31/2026

Payment date

08/04/2026

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 (4.46%) 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. We show a 30-day SEC yield when the fund publishes one. Schwab and other issuers may report a TTM distribution yield or SEC yield on a different date — all can be valid; they are not interchangeable. Fund total return uses split-adjusted close with distributions reinvested from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is what the fund did, not your personal gain/loss. Figures below use Dividend Vision data as of August 19, 2026.

Distribution rate methodology · Distribution Safety Score methodology · SEC yield

Sources and review

Data as of August 19, 2026.

Primary sources: PGIM Investments fund 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 0.3%.

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

More funds from PGIM Investments.