PCS
PGIM Corporate Bond 0-5 Year ETF
📎 Investment Objective
The PGIM Corporate Bond 0-5 Year ETF (PCS) seeks to provide current income by investing in a diversified portfolio of short-term investment grade corporate bonds.
Overview
ETF tracking PGIM Corporate Bond 0-5 Year ETF
Performance
Price Chart
Investment Summary
📎 Investment Objective
The PGIM Corporate Bond 0-5 Year ETF (PCS) seeks to provide current income by investing in a diversified portfolio of short-term investment grade corporate bonds.
🎯 Investment Strategy
The ETF tracks the Bloomberg U.S. Corporate 0-5 Year Index, which includes U.S. dollar-denominated, investment-grade corporate bonds with maturities between 0 and 5 years. The fund aims to provide exposure to the short-term corporate bond market while managing interest rate risk.
✨ Key Features
- Focuses on short-term investment grade corporate bonds with maturities between 0 and 5 years
- Seeks to provide current income through exposure to the short-term corporate bond market
- Aims to manage interest rate risk by investing in shorter-duration bonds
- Low expense ratio of 0.00%
⚠️ Primary Risks
- Interest rate risk: The value of the fund's holdings may decline if interest rates rise
- Credit risk: The fund is exposed to the risk of default or deterioration in credit quality of the underlying corporate bonds
- Liquidity risk: The fund may have difficulty selling certain bonds, particularly during times of market stress
- Reinvestment risk: When bonds mature, the fund may need to reinvest the proceeds at lower interest rates
👤 Best For
This ETF may be suitable for investors seeking current income and relatively low interest rate risk, such as those with a short-term investment horizon or a conservative risk profile. It may be particularly useful as a cash management tool or as a component of a diversified fixed income portfolio.
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