PSH

PGIM Short Duration High Yield ETF

$50.31

+0.00%

Market closed. Last update: 12:25 PM ET

📎 Investment Objective

The PGIM Short Duration High Yield ETF (PSH) seeks to provide a high level of current income by investing primarily in a diversified portfolio of high-yield, below-investment-grade fixed income securities with short-term maturities.

Overview

ETF tracking PGIM Short Duration High Yield ETF

Category High Yield

Issuer Other

Inception Date 2023-12-19

Market Cap $70.4M

Average Volume N/A

Dividend Yield 5.67%

52-Week Range $48.64 - $51.29

VWAP $50.34

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund invests at least 80% of its net assets in high-yield, below-investment-grade corporate bonds and other fixed income securities. The portfolio manager focuses on securities with short-term maturities, typically less than 5 years, to reduce interest rate risk. The fund may also invest in other debt instruments such as bank loans and convertible securities.

✨ Key Features

Focuses on high-yield, short-duration fixed income securities to generate current income
Diversified portfolio of below-investment-grade corporate bonds and other debt instruments
Aims to reduce interest rate risk through short-term maturities
Actively managed by an experienced fixed income portfolio manager

⚠️ Primary Risks

High-yield/junk bond risk - Investing in lower-rated, high-yield securities carries a higher risk of default and loss of principal
Credit risk - The risk that an issuer will default on interest or principal payments
Interest rate risk - Prices of fixed income securities generally fall when interest rates rise
Liquidity risk - The risk of low trading volume for certain securities, which may lead to higher trading costs

👤 Best For

The PGIM Short Duration High Yield ETF may be suitable for investors seeking a high level of current income and who have a higher risk tolerance. It is generally best suited for investors with a short-to-medium-term investment horizon who can withstand the volatility associated with high-yield fixed income securities.