Key stats
About PGIM Active Aggregate Bond ETF
Expense ratio
0.19%
Home page
Inception date
Apr 15, 2021
ISIN
US69344A7019
PAB actively invests in a wide variety of fixed income securities such as debt obligations issued by the US government and its agencies, corporate debt, MBS and ABS. The fund seeks similar exposure to the Bloomberg US Aggregate Bond Index, but with the objective of providing a better risk/return profile, through a broader investment mandate. The funds management team uses a bottom-up research-driven security selection process, with a focus on industry and issuer credit research. PAB requires all holdings to be USD-denominated with a maturity of more than one year and an investment grade rating at the time of purchase. Up to 25% of the fund may be allocated to foreign issuers (including emerging markets) as long as their securities are in USD. The fund engages in active trading.
Classification
What's in the fund
Exposure type
Securitized
Corporate
Government
Bonds, Cash & Other100.00%
Securitized47.04%
Corporate30.34%
Government22.40%
Cash0.52%
Municipal0.25%
Miscellaneous−0.55%