Price Chart

Key Stats

Net Expense Ratio Discount or Premium to NAV Total Assets Under Management 30-Day Average Daily Volume
0.15% 0.03% 6.770B 1.385M
Dividend Yield Turnover Ratio 1 Year Fund Level Flows Max Drawdown (Since Inception)
5.69% 25.00% 2.208B Upgrade

Basic Info

Investment Strategy
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.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style High Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index Bloomberg Govt/Corp 1 Yr Duration TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Growth and Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
ICE BofA US 3M Trsy Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Joseph D'Angelo 5.99 yrs
Jeffrey Venezia 3.60 yrs
Robert Browne 2.50 yrs

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (Price)
--
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Total Return (NAV)
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Category Rtn. (NAV)
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% Rank in Cat (NAV)
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As of May 03, 2024. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

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Name
2017
2018
2019
2020
2021
2022
2023
YTD
--
--
3.21%
1.46%
0.48%
1.52%
6.26%
2.22%
3.54%
0.01%
8.72%
7.51%
-1.54%
-13.01%
5.53%
-2.06%
0.69%
1.74%
2.03%
0.40%
-0.10%
1.40%
4.94%
1.81%
1.03%
2.00%
2.02%
0.56%
-0.03%
1.98%
5.18%
2.07%
1.01%
1.76%
2.03%
0.44%
-0.02%
1.98%
5.12%
1.95%
0.69%
1.78%
2.31%
0.79%
-0.08%
1.05%
4.91%
1.68%
As of May 03, 2024.

Asset Allocation

As of April 26, 2024.
Type % Net % Long % Short
Cash 26.17% Upgrade Upgrade
Stock 0.00% Upgrade Upgrade
Bond 73.83% Upgrade Upgrade
Convertible 0.00% Upgrade Upgrade
Preferred 0.00% Upgrade Upgrade
Other 0.00% Upgrade Upgrade

Basic Info

Investment Strategy
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.
General
Security Type Exchange-Traded Fund
Equity Style --
Fixed Income Style High Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Ultrashort Bond
Category Index Bloomberg Govt/Corp 1 Yr Duration TR USD
Global Category Name US Fixed Income
YCharts Categorization US Fixed Income
YCharts Benchmark Bloomberg US Aggregate (^BBUSATR)
Prospectus Objective Growth and Income
Fund Owner Firm Name PGIM Investments
Prospectus Benchmark Index
ICE BofA US 3M Trsy Bill TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Joseph D'Angelo 5.99 yrs
Jeffrey Venezia 3.60 yrs
Robert Browne 2.50 yrs

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