PlainIndex
Menu

ETF comparison

PAAA vs PULS

Both US Aggregate Bond.

PGIM AAA CLO ETF · PGIM Ultra Short Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
10.2 %

56 positions appear in both funds. Buying equal dollars of PAAA and PULS would leave roughly 10.2% of each dollar exposed to the same underlying securities.

PAAA only 84.8% Shared 10.2% PULS only 86.7%
In PAAA only
290 positions
Shared
56 positions
In PULS only
543 positions

Side by side

PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$10.16B
TTM yield
4.84%
Top-10 conc.
13.8%
PULS

PGIM Ultra Short Bond ETF

PGIM · US Aggregate Bond

84 composite / 100
Expense ratio
0.15%
Net assets
$17.39B
TTM yield
4.52%
Top-10 conc.
7.7%

Sub-score comparison

81
Cost
85
51
Tax efficiency
51
100
Liquidity
100
95
Concentration
100
—
Tracking quality
—
PAAA sub-score PULS

Tracking quality isn't part of the composite — see what we don't score for why.

Cost difference

PULS is 4 bps cheaper than PAAA. On a $100,000 position that's about $40/yr more in fees for PAAA.

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

Top shared holdings

56 shared in total
# Holding In PAAA In PULS Overlap
1 BENEFIT STREET PARTNERS CLO XXIII L 0.40% 0.49% 0.40%
2 GALAXY XXV CLO LTD 0.54% 0.38% 0.38%
3 Octagon 64 Ltd. / Octagon 64 LLC 0.60% 0.35% 0.35%
4 KKR CLO 41 Ltd/LLC 0.40% 0.35% 0.35%
5 Ares XLIV CLO Ltd. 0.64% 0.35% 0.35%
6 Columbia Cent Clo 29 Ltd/Columbia Cent Clo 29 Corp 0.40% 0.35% 0.35%
7 ICG US CLO 2020-1 Ltd. 0.40% 0.35% 0.35%
8 CIFC FUNDING 2021-VII LTD 0.40% 0.35% 0.35%
9 Regatta VII Funding Ltd 0.36% 0.35% 0.35%
10 JAMESTOWN CLO LTD 2016-9 0.56% 0.35% 0.35%
11 720 EAST CLO 2023-II LTD 0.94% 0.35% 0.35%
12 Battalion Clo Xi Ltd 0.40% 0.35% 0.35%

Only in PAAA

290 total
  • CARLYLE US CLO 2023-3 LTD 1.00%
  • SYMP SERIES 2021-28A CLASS A 1.00%
  • GOLUB CAPITAL PARTNERS CLO 19(B)-R3 LTD 1.00%
  • BALBOA BAY LOAN FUNDING 2022-1 LTD 1.00%
  • Madison Park Funding Xxxiv Ltd. 0.99%
  • BARINGS CLO 2025-III LTD 0.93%
  • GARNET CLO 3 LTD 0.87%
  • ELMWOOD CLO 41 LTD 0.87%
  • Park Blue CLO 2023-IV Ltd. 0.87%
  • CIFC FDG 2025-III LTD/LLC 0.83%

Only in PULS

543 total
  • PGIM ETF Trust 1.63%
  • SUNCOR ENERGY INC 0.75%
  • Alexandria Real Estate Equities, Inc. 0.72%
  • INTESA SANPAOLO SPA NEW YORK BRANCH 0.72%
  • Essential Utilities Inc 0.71%
  • ABN AMRO Bank N.V. 0.66%
  • BX TRUST 2022-LBA6 0.59%
  • Federation des Caisses Desjardins du Quebec 0.59%
  • CONSOLIDATED EDISON COMPANY OF NEW YORK INC 0.56%
  • Intuit Inc 0.53%

Open PAAA or PULS at a brokerage

Both funds trade commission-free at major US brokerages.

Open at Fidelity

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