ETF comparison

JAAAvsPULS

Both US Aggregate Bond.

Janus Henderson AAA CLO ETF · PGIM Ultra Short Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
0.6%

4 positions appear in both funds. Buying equal dollars of JAAA and PULS would leave roughly0.6%of each dollar exposed to the same underlying securities.

JAAA only 96.0%Shared 0.6%PULS only 99.6%
In JAAA only
596 positions
Shared
4 positions
In PULS only
677 positions

Side by side

JAAA

Janus Henderson AAA CLO ETF

Janus Henderson · US Aggregate Bond

82composite / 100
Expense ratio
0.20%
Net assets
$30.24B
TTM yield
4.89%
Top-10 conc.
11.9%
PULS

PGIM Ultra Short Bond ETF

PGIM · US Aggregate Bond

84composite / 100
Expense ratio
0.15%
Net assets
$18.71B
TTM yield
4.42%
Top-10 conc.
7.3%

Sub-score comparison

80
Cost
85
51
Tax efficiency
52
100
Liquidity
100
97
Concentration
100
Tracking quality
JAAAsub-scorePULS

Tracking quality isn't part of the composite — seewhat we don't scorefor why.

Cost difference

PULS is 5 bps cheaper than JAAA. On a $100,000 position that's about $50/yr more in fees for JAAA.

Fee figure is the annual expense charged on $100,000. To see how the gap compounds over a multi-decade holding period, open thecost calculator pre-filled with JAAA vs PULS.

Top shared holdings

4 shared in total
#HoldingIn JAAAIn PULSOverlap
1Ares LXV CLO Ltd.0.26%0.31%0.26%
2Wellfleet CLO Ltd.0.22%0.25%0.22%
3Allegany Park CLO Ltd.0.10%0.12%0.10%
4Whitebox CLO III Ltd.0.07%0.10%0.07%

Only in JAAA

596 total
  • KKR CLO 35 Ltd.0.93%
  • AB BSL CLO 1 Ltd.0.85%
  • Anchorage Capital CLO 16 Ltd.0.79%
  • Anchorage Capital CLO 17 Ltd.0.77%
  • Carlyle US CLO Ltd.0.68%
  • Regatta XIX Funding Ltd.0.65%
  • Carlyle US CLO Ltd.0.65%
  • Magnetite XXXII Ltd.0.65%
  • Galaxy 35 CLO Ltd.0.64%
  • Symphony CLO XVIII Ltd.0.64%

Only in PULS

677 total
  • PGIM ETF Trust1.81%
  • Phillips 660.83%
  • GLENCORE FUNDING LLC0.74%
  • Alexandria Real Estate Equities, Inc.0.66%
  • INTESA SANPAOLO SPA NEW YORK BRANCH0.63%
  • ABN AMRO BANK NV0.57%
  • Healthpeak Properties Inc0.52%
  • BX TRUST 2022-LBA60.51%
  • FEDERATION DES CAISSES DESJARDINS DU QUEBEC0.51%
  • Servicenow Inc0.50%

Open JAAA or PULS at a brokerage

Both funds trade commission-free at major US brokerages.

Affiliate links — opening an account through these earns PlainIndex a one-time referral. Scoring is computed before any affiliate consideration; see our methodologyand funding disclosure.

Holdings overlap is the sum of min(weight_a, weight_b) over positions matched on ISIN (CUSIP fallback). Methodology: see/methodology/.

Comparing two funds doesn't endorse swapping one for the other. Tax-lot history, account type, and personal goals matter — PlainIndex publishes data and methodology, not investment advice.