ETF Evaluator:
PGIM Short Duration Mlt-Sect Bd ETF ()
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(as of Aug 26)
Best Performing in Short-Term Bond Over the Last Year
| 6.6% | Overlay Shares Short Term Bond ETF (OVT) |
| 5.0% | AAM SLC Low Duration Income ETF (LODI) |
| 4.6% | SanJac Alpha Low Duration ETF (SJLD) |
| 4.5% | Performance Trust Short Term Bond ETF (STBF) |
| 4.4% | American Century® Short Dur Str Inc ETF (SDSI) |
Risk
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Risk
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ETF Details
PGIM Short Duration Mlt-Sect Bd ETF Overview
PGIM Short Duration Mlt-Sect Bd ETF (PSDM) is an actively managed Taxable Bond Short-Term Bond exchange-traded fund (ETF). PGIM launched the ETF in 2023.
The investment seeks to provide total return.
The fund seeks to achieve its objective by investing in fixed income instruments, whereby issuers borrow money from investors in return for either a fixed or variable rate of interest and eventual repayment of the amount borrowed. The fund invests, under normal circumstances, at least 80% of its investable assets in fixed income instruments with varying maturities.
About PGIM Short Duration Mlt-Sect Bd ETF (PSDM)
There are 5 members of the management team with an average tenure of 2.96 years: Gregory Peters (2023), Matthew Angelucci (2023), Tyler Thorn (2023), Robert Tipp (2023) and Richard Piccirillo (2023). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg US Govt/Credit 1-3 Yr TR USD index with a weighting of 100%. PGIM Short Duration Mlt-Sect Bd ETF has 795 securities in its portfolio. The top 10 holdings constitute 38.0% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
PGIM Short Duration Mlt-Sect Bd ETF is part of the Fixed Income global asset class and is within the Taxable Bond ETF group. PGIM Short Duration Mlt-Sect Bd ETF has 13.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 0.0% allocated to foreign stock, and 0.5% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 99.6% (86.5% domestic bond, 13.0% foreign bond and 0.0% convertible bond). PGIM Short Duration Mlt-Sect Bd ETF has -0.1% of the portfolio in cash.
Assets Under Management
The fund has $220 million in total assets, which is below the $3 billion average for the Short-Term Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PSDM Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The PGIM Short Duration Mlt-Sect Bd ETF expense ratio is average compared to funds in the Short-Term Bond category. PGIM Short Duration Mlt-Sect Bd ETF has an expense ratio of 0.40%, which is 43% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. PGIM Short Duration Mlt-Sect Bd ETF has a portfolio turnover rate of 108%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 77% for the Short-Term Bond category.
Recently, in the month of July 2026, PGIM Short Duration Mlt-Sect Bd ETF returned -0.0%, which earned it a grade of B, as the Short-Term Bond category had an average return of -0.1%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
PGIM Short Duration Mlt-Sect Bd ETF has a trailing yield of 4.77%, which is above the 4.54% category average.
The fund normally distributes its income monthly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
PGIM Short Duration Mlt-Sect Bd ETF Grades
Year to date, the ETF has returned 1.1%, 0.1 percentage points better than the category, which translates into a grade of B. The fund has returned 4.0% over the past year (grade of B) and 5.6% over the past three years (grade of A).
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PSDM Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PSDM Return (NAV) | -0.0% | 0.4% | 4.0% | 5.6% | na | na |
| PSDM Return (Price) | 0.0% | 0.4% | 4.0% | 5.6% | na | na |
| NAV +/- Price Return | -0.025% | -0.040% | 0.017% | 0.002% | na | na |
| Short-Term Bond Avg | -0.1% | 0.3% | 3.6% | 5.2% | 2.3% | 2.5% |
| PSDM Grade (NAV) | B | B | B | A | na | na |
| +/- Category (NAV) | 0.1% | 0.1% | 0.4% | 0.3% | na | na |
| PSDM Tax-Cost Ratio | na | na | 1.9% | 2.0% | na | na |
PSDM Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PSDM Return (NAV) | 1.1% | 6.2% | 5.4% | na | na | na | na | na | na | na | na |
| PSDM Return (Price) | 1.1% | 6.2% | 5.5% | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.029% | -0.002% | 0.011% | na | na | na | na | na | na | na | na |
| Short-Term Bond Avg | 1.0% | 6.3% | 5.1% | 6.0% | -5.3% | -0.4% | 4.4% | 5.6% | 1.2% | 1.7% | 2.4% |
| PSDM Grade (NAV) | B | D | B | na | na | na | na | na | na | na | na |
| +/- Category | 0.1% | -0.1% | 0.3% | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.31 |
| R-Squared: | 85% |
| Standard Deviation: | 1.9% |
| Category Risk Index: | 0.82 |
| Category Risk Rating: | Below Average |
| Total Risk Index: | 0.15 |
| Total Risk Rating: | Low |
| Portfolio Characteristics | |
| Yield: | 4.8% |
| Total Assets: | $ 221 Mil |
| Share Class Assets: | $ 221 Mil |
| Turnover: | 108.0% |
| Expense Ratio: | 0.40% |
| Index Fund: | No |
| Index Tracked: | Bloomberg US Agg Bond TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Monthly |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 3.0 years | |||
| Average Tenure: 3.0 years | |||
| Managers (Year): Peters Gregory (2023), Tipp Robert (2023), Piccirillo Richard (2023), Angelucci Matthew (2023), Thorn Tyler (2023) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 795 |
| % in Top 10 Holdings: | 38.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 13.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.5% |
| Domestic Bond: | 86.5% |
| Foreign Bond: | 13.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | -0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | PGIM |
| Phone Number: | 888-247-8090 |
| Website: | www.pgim.com/investments |
| Inception Date: | July 19, 2023 |
Expenses and Fees
| Expense Ratio (%): | 0.40% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.28% |
