Key stats
About PGIM Active Aggregate Bond ETF
Home page
Inception date
Apr 15, 2021
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
PAB actively invests in a wide variety of fixed income securities such as debt obligations issued by the US government and its agencies, corporate debt, MBS and ABS. The fund seeks similar exposure to the Bloomberg US Aggregate Bond Index, but with the objective of providing a better risk/return profile, through a broader investment mandate. The funds management team uses a bottom-up research-driven security selection process, with a focus on industry and issuer credit research. PAB requires all holdings to be USD-denominated with a maturity of more than one year and an investment grade rating at the time of purchase. Up to 25% of the fund may be allocated to foreign issuers (including emerging markets) as long as their securities are in USD. The fund engages in active trading.
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%
Securitized38.65%
Government28.21%
Corporate27.20%
ETF4.98%
Mutual fund2.05%
Municipal0.27%
Cash−0.20%
Miscellaneous−1.16%
Stock breakdown by region
North America96.10%
Europe2.34%
Middle East0.51%
Asia0.50%
Oceania0.46%
Latin America0.09%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAB invests in bonds. The fund's major sectors are Securitized, with 38.65% stocks, and Government, with 28.21% of the basket. The assets are mostly located in the North America region.
PAB top holdings are United States Treasury Notes 3.25% 30-JUN-2029 and PGIM AAA CLO ETF, occupying 6.56% and 4.98% of the portfolio correspondingly.
PAB last dividends amounted to 0.15 USD. The month before, the issuer paid 0.14 USD in dividends, which shows a 6.72% increase.
PAB assets under management is 67.53 M USD. It's risen 1.53% over the last month.
PAB fund flows account for 23.37 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, PAB pays dividends to its holders with the dividend yield of 4.10%. The last dividend (Aug 5, 2025) amounted to 0.15 USD. The dividends are paid monthly.
PAB shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Apr 15, 2021, and its management style is Active.
PAB expense ratio is 0.19% meaning you'd have to pay 0.19% of your investment to help manage the fund.
PAB follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAB invests in bonds.
PAB price has risen by 0.52% over the last month, and its yearly performance shows a −0.01% decrease. See more dynamics on PAB price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.91% increase in three-month performance and has increased by 2.70% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.91% increase in three-month performance and has increased by 2.70% in a year.
PAB trades at a premium (0.16%) meaning the ETF is trading at a higher price than the calculated NAV.