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ETF comparison

PAAA vs PULS

Both US Aggregate Bond.

PGIM AAA CLO ETF · PGIM Ultra Short Bond ETF

Holdings overlap

Weighted by ISIN/CUSIP
9.2 %

51 positions appear in both funds. Buying equal dollars of PAAA and PULS would leave roughly 9.2% of each dollar exposed to the same underlying securities.

PAAA unmatched 87.0% Shared 9.2% PULS unmatched 90.9%

Unmatched is the part of a fund's weight the other fund doesn't match: names only it holds, plus any extra weight it puts in names both funds hold.

In PAAA only
278 positions
Shared
51 positions
In PULS only
629 positions

Side by side

PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$13.92B
TTM yield
4.65%
Top-10 conc.
11.2%
PULS

PGIM Ultra Short Bond ETF

PGIM · US Aggregate Bond

84 composite / 100
Expense ratio
0.15%
Net assets
$19.40B
TTM yield
4.37%
Top-10 conc.
7.3%

Sub-score comparison

81
Cost
85
51
Tax efficiency
52
100
Liquidity
100
98
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

51 shared in total
# Holding In PAAA In PULS Overlap
1 ROCKFORD TOWER CLO 2020-1 LTD 0.46% 0.37% 0.37%
2 GALAXY XXV CLO LTD 0.40% 0.33% 0.33%
3 TIKEHAU US CLO III LTD 0.74% 0.31% 0.31%
4 OCTAGON 64 LTD 0.44% 0.31% 0.31%
5 ARES XLIV CLO LTD 0.67% 0.31% 0.31%
6 JAMESTOWN CLO IX LTD 0.41% 0.31% 0.31%
7 KKR CLO 41 LTD 0.39% 0.31% 0.31%
8 TRINITAS CLO 2019-11 LTD 0.59% 0.31% 0.31%
9 TRINITAS CLO XI LTD 0.55% 0.31% 0.31%
10 720 EAST CLO VII LTD 0.69% 0.31% 0.31%
11 CIFC FUNDING 2021-VII LTD 0.30% 0.31% 0.30%
12 ICG US CLO 2020-1 LTD 0.30% 0.31% 0.30%

Only in PAAA

278 total
  • CBAMR LTD 1.92%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 1.58%
  • ELEVATION CLO 2021-12 LTD 1.13%
  • OCTAGON INVESTMENT PARTNERS 31 LTD 1.04%
  • Cbam 2020-13 Ltd. 0.99%
  • ELMWOOD CLO 25 LTD 0.99%
  • NEUBERGER BERMAN LOAN ADVISERS CLO 33 LTD 0.96%
  • RR 27 LTD 0.93%
  • AGL CLO I LTD 0.87%
  • RAD CLO 25 LTD 0.80%

Only in PULS

629 total
  • PGIM ETF Trust 1.81%
  • Phillips 66 0.83%
  • GLENCORE FUNDING LLC 0.74%
  • Alexandria Real Estate Equities, Inc. 0.66%
  • INTESA SANPAOLO SPA NEW YORK BRANCH 0.63%
  • ABN AMRO BANK NV 0.57%
  • Healthpeak Properties Inc 0.52%
  • BX TRUST 2022-LBA6 0.51%
  • FEDERATION DES CAISSES DESJARDINS DU QUEBEC 0.51%
  • Servicenow Inc 0.50%

Percentages are holdings overlap with the named fund.

Open PAAA 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 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.