PGIM ETF Trust - PGIM Corporate Bond 0-5 Year ETF

Frequently Asked Questions About PCS

What does PCS invest in?

PCS offers global exposure to investment grade, short-term corporate debts. The fund primarily invests in bonds issued by US and non-US corporations with maturities of less than five years. The sub-adviser constructs the portfolio using top-down economic analysis and bottom-up research along with proprietary quantitative models and risk management systems. Particularly, the bottom-up research is used to develop an internal rating and outlook on issuers based on their financial health and trends. Other investment factors such as expected total return, yield, spread, and potential for price appreciation are also considered. The fund seeks to maintain a weighted average portfolio duration within a year of the Bloomberg US Corporate 0-5 Year Index. Buy and sell investment decisions are based on the sub-advisers fundamental credit research, market conditions, interest rates, and general economic factors. The fund is actively managed, may use derivatives, and engages in active trading.

What is the expense ratio of PCS?

PGIM ETF Trust - PGIM Corporate Bond 0-5 Year ETF (PCS) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations.

What is PCS's dividend yield?

PCS's trailing-twelve-month yield is 4.39%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PCS?

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

What is the credit quality of PCS?

PCS'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 PCS?

Yield to maturity (YTM) is the total return you'd earn from PCS if every bond in the portfolio is held to maturity at the current price. PCS'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.