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ETFs

PGIM Short Duration Multi-Sector Bond ETF

PSDM
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jul 19 2023
Expense Ratio
0.40%
Type
Global Bonds
Fund Owner
PGIM Investments
Volume (1m avg. daily)
$3,542
AUM
$25,043,221
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
US TREASURY N/ 4.625 6/25
9.36%
n/a
US TREASURY N/ 4.125 1/25
9.28%
n/a
US TREASURY N/ 1.25 12/26
6.44%
n/a
CURRENCY CONTRACT - USD
4.41%
JPM5619103
JPMORGAN CHASE 5.299 7/29
1.96%
n/a
BMARK 2022-B33 A1 3/55
1.52%
BAC5574340
BANK OF AMER C 5.202 4/29
1.22%
MS5620731
MORGAN STANLEY 5.449 7/29
1.17%
n/a
MDPK 2021-38A A 7/34
1.15%
n/a
MSBAM 2015-C20 A4 2/48
1.15%
Invest with PSDM

What is PSDM?

Seeks total return by investing in a diversified portfolio of bonds from multiple fixed income sectors. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less. The Fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. The Fund invests, under normal circumstances, at least 80% of its investable assets in fixed income instruments with varying maturities.

ETFs related toPSDM

ETFs correlated to PSDM include IBTG, IGSB, ISTB

PSDM
PGIM ETF Trust - PGIM Short Duration Multi-Sector Bond ETF
IBTG
iShares Trust - iShares iBonds Dec 2026 Term Treasury ETF
IGSB
BlackRock Institutional Trust Company N.A. - iShares Trust iShares 1-5 Year Investment Grade Corporate Bond ETF
ISTB
BlackRock Institutional Trust Company N.A. - iShares Core 1-5 Year USD Bond ETF
TUA
Simplify Exchange Traded Funds - Simplify Short Term Treasury Futures Strategy ETF
BSV
Vanguard Group, Inc. - Vanguard Short-Term Bond ETF
SHY
BlackRock Institutional Trust Company N.A. - iShares 1-3 Year Treasury Bond ETF
AGZ
BlackRock Institutional Trust Company N.A. - iShares Agency Bond ETF
VCSH
Vanguard Group, Inc. - Vanguard Short-Term Corporate Bond ETF
SLQD
BlackRock Institutional Trust Company N.A. - iShares 0-5 Year Investment Grade Corporate Bond ETF
VGSH
Vanguard Group, Inc. - Vanguard Short-Term Treasury ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPSDM

#BTD

Buy the Dips: Nasdaq 100

Category

Featured, Technology Focus

Risk Rating

Aggressive

#SPYMIN

SPY minimum drawdown

Category

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Risk Rating

Aggressive

Create your own algorithmic trading strategy with PSDM using Composer

FAQ

PSDM is a Global Bonds ETF. Seeks total return by investing in a diversified portfolio of bonds from multiple fixed income sectors. The Fund seeks to maintain a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less. The Fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. The Fund invests, under normal circumstances, at least 80% of its investable assets in fixed income instruments with varying maturities.

Yes, PSDM is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PSDM is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PSDM is 0.0022%. This is the percent change in the value of PSDM over the most recent 1-month period. The 3-month return on PSDM is %. This is the percent change in the value of PSDM over the most recent 3-month period.

ETFs similar to PSDM include GVI, BLV, and BND.

ETFs correlated to PSDM include IBTG, IGSB, and ISTB.

ETFs that are inversely correlated to PSDM include GLL, USDU, and PST.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.