# PGIM Active Aggregate Bond ETF (PAB): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/pab for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Fixed Income - Strategy: Passive Index · Inception: 2021-04-12 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 rat... ## Key Facts | Metric | Value | |---|---| | Price | $40.99 | | Expense Ratio | 0.19% | | Assets Under Management | $99.4M | | NAV | $40.97 | | Holdings Count | 312 | | Distribution Yield (TTM) | 4.64% | | Annual Distribution (TTM) | $1.90 /share | | Distribution Frequency | Monthly | | 52-Week Range | $40.05 – $43.55 | | Beta | 1.05 | ## Latest Distribution - Amount: $0.1508 /share - Ex-date: 2026-09-30 - Pay date: 2026-10-02 ## Frequently Asked Questions ### 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 4.64%, 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. ### Does PAB pay a dividend? Yes, PGIM Active Aggregate Bond ETF (PAB) distributes dividends to shareholders. The trailing-twelve-month yield is 4.64%. Full dividend history is on this page. ### How often does PAB pay dividends? PGIM Active Aggregate Bond ETF pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is PAB's next ex-dividend date? The most recently announced ex-dividend date for PAB was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will PAB's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.19% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does PAB charge its expense ratio? The expense ratio is deducted in tiny daily slices from PAB's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does PAB cost more than a fund like VOO? PAB is a passive index fund (current expense ratio 0.19%). Differences from broad-market ETFs like VOO usually come from index licensing fees, asset class (bond funds typically run cheaper than equity), or fund scale (smaller funds spread fixed operating costs across less AUM). ### Are there cheaper alternatives to PAB? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as PAB (0.19%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/pab - Distribution history: https://www.dividenddata.com/funds/pab/dividend - Holdings & diversification: https://www.dividenddata.com/funds/pab/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/pab/expenses - Peer comparison: https://www.dividenddata.com/funds/pab/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.