Key stats
About PGIM Short Duration Multi-Sector Bond ETF
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Inception date
Jul 19, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A8421
PSDM provides broad exposure to the global fixed income market by investing in securities across different sectors including corporate and government debt, mortgage- and asset-backed securities, fixed and floating rate loans, and loan participations and assignments. In seeking total return, the fund may hold high-yield bonds up to 50% of the portfolio in addition to investing in investment grade. These securities may also be issued by both US and foreign lenders with the latter capped at 40%. Although the fund does not limit itself to holding bonds of any duration or maturity, it sets to maintain a weighted average portfolio duration of three years or less, and average maturity of five years or less. In managing the fund, top-down economic analysis is paired with bottom-up research to develop views on economic, policy, and market trends, as well as internal rating and outlook on issuers. Due to the funds active management, investment decisions are at the discretion of the manager.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Securitized
Government
Corporate
Bonds, Cash & Other100.00%
Securitized40.22%
Government27.90%
Corporate25.66%
ETF4.73%
Mutual fund1.46%
Municipal0.32%
Rights & Warrants−0.01%
Cash−0.30%
Stock breakdown by region
North America90.58%
Europe5.93%
Africa0.92%
Latin America0.82%
Asia0.78%
Middle East0.77%
Oceania0.20%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PSDM invests in bonds. The fund's major sectors are Securitized, with 40.22% stocks, and Government, with 27.90% of the basket. The assets are mostly located in the North America region.
PSDM top holdings are United States Treasury Notes 1.25% 31-DEC-2026 and United States Treasury Notes 1.25% 30-NOV-2026, occupying 8.34% and 5.56% of the portfolio correspondingly.
PSDM last dividends amounted to 0.20 USD. The month before, the issuer paid 0.21 USD in dividends, which shows a 4.95% decrease.
PSDM assets under management is 87.19 M USD. It's risen 3.19% over the last month.
PSDM fund flows account for 52.22 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PSDM pays dividends to its holders with the dividend yield of 4.69%. The last dividend (Sep 4, 2025) amounted to 0.20 USD. The dividends are paid monthly.
PSDM shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Jul 19, 2023, and its management style is Active.
PSDM expense ratio is 0.40% meaning you'd have to pay 0.40% of your investment to help manage the fund.
PSDM follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PSDM invests in bonds.
PSDM price has risen by 0.42% over the last month, and its yearly performance shows a 0.60% increase. See more dynamics on PSDM price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.68% over the last month, showed a 1.96% increase in three-month performance and has increased by 5.56% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.68% over the last month, showed a 1.96% increase in three-month performance and has increased by 5.56% in a year.
PSDM trades at a premium (0.14%) meaning the ETF is trading at a higher price than the calculated NAV.