Industry description
The investment seeks total return through a combination of current income and capital appreciation, consistent with preservation of capital.
The fund invests primarily in a portfolio of investment grade, U.S. dollar denominated short-term fixed, variable and floating rate debt instruments. Under normal market conditions, it invests at least 80% of its investable assets in bonds with varying maturities. Although the fund may invest in instruments of any duration or maturity, it normally will seek to maintain a weighted average portfolio duration of one year or less and a weighted average maturity of three years or less.
High and low price notable news
The average weekly price growth across all stocks in the PGIM Ultra Short Bond ETF ETF was 0%. For the same ETF, the average monthly price growth was 0%, and the average quarterly price growth was 3%. PAAA experienced the highest price growth at 0%, while PAAA experienced the biggest fall at 0%.