PUSH

PGIM Ultra Short Municipal Bond ETF

$50.37

+0.00%

Market closed. Last update: 11:36 PM ET

📎 Investment Objective

The PGIM Ultra Short Municipal Bond ETF (PUSH) seeks to provide current income exempt from federal income tax, while preserving capital and maintaining a low duration profile.

Overview

ETF tracking PGIM Ultra Short Municipal Bond ETF

Category Municipal Bonds

Issuer Other

Inception Date 2024-06-28

Market Cap $40.3M

Average Volume N/A

Dividend Yield 2.92%

52-Week Range $49.91 - $50.78

VWAP $50.37

Performance

Loading performance data...

Price Chart

Investment Summary

📎 Investment Objective

The PGIM Ultra Short Municipal Bond ETF (PUSH) seeks to provide current income exempt from federal income tax, while preserving capital and maintaining a low duration profile.

🎯 Investment Strategy

The ETF invests primarily in a diversified portfolio of municipal bonds and other municipal debt securities with short-term maturities, typically less than one year. The fund aims to maintain a weighted average effective duration of less than one year to limit interest rate risk.

✨ Key Features

Focuses on ultra-short term municipal bonds to generate tax-exempt income
Maintains a low duration profile to reduce sensitivity to changes in interest rates
Seeks to provide stability and preservation of capital as a cash management tool
Expense ratio of 0.00% makes it a low-cost option for municipal bond exposure

⚠️ Primary Risks

Interest rate risk: The fund's value may decline if interest rates rise
Credit risk: The fund is exposed to the risk of default by the municipal issuers
Liquidity risk: The market for municipal bonds may be less liquid than other fixed income markets
Tax risk: Changes in tax laws could affect the tax-exempt status of the municipal bonds held by the fund

👤 Best For

The PGIM Ultra Short Municipal Bond ETF may be suitable for investors seeking a low-risk, tax-efficient cash management solution or as a short-term holding within a diversified municipal bond portfolio. It is best suited for investors with a conservative risk tolerance and a short-term investment horizon.