PGIM Active Aggregate Bond ETF

Frequently Asked Questions About PAB

What does PAB invest in?

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.

What is the expense ratio of PAB?

PGIM Active Aggregate Bond ETF (PAB) charges an expense ratio of 0.19%. This is the annual fee deducted from fund assets to cover management and operations.

What is PAB's dividend yield?

PAB's trailing-twelve-month yield is 4.98%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PAB?

Effective duration measures PAB's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PAB's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PAB?

PAB's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PAB?

Yield to maturity (YTM) is the total return you'd earn from PAB if every bond in the portfolio is held to maturity at the current price. PAB's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.