##  [# How PGIM’s Ultra Short Bond ETF Is Beating Money Market Funds](/sections/podcasts/how-pgims-ultra-short-bond-etf-beating-money-market-funds) 

 

# How PGIM’s Ultra Short Bond ETF Is Beating Money Market Funds

 

 

PGIM Investments’ Collins talks bond, buffer and CLO ETFs.



 

 

 

 

 [![Exchange](/sites/default/files/styles/author_image_icon/public/2024-09/image-20240904-165312.png?itok=48C1D56E)](/contributors/exchange-traded-fridays) 

[By Exchange Traded Fridays](/contributors/exchange-traded-fridays)

 Jan 19, 2024

 Edited by: Kent Thune 

 

 

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The [**PGIM Ultra Short Bond ETF (PULS)**](https://www.etf.com/PULS) is up 6.3% over the past year, beating the 5.1% return for the Vanguard Treasury Money Market Fund (VUSXX) and the 5.2% return for the [**SPDR Bloomberg 1-3 Month T-Bill ETF (BIL)**](https://www.etf.com/BIL) over the same period.   
   
In this episode of Exchange Traded Fridays, head of ETFs at PGIM Investments, Matt Collins, sits down with etf.com senior analyst Sumit Roy and etf.com wealth management editor Jeff Benjamin to discuss PULS, as well as several other interesting ETF offerings from PGIM.

“This was the No.1-selling [ultra-short ETF](https://www.etf.com/topics/ultra-short-term) last year in the marketplace on the active side. It is a cash-plus vehicle that offers a little more variability in the share price versus a stable NAV, but with a yield pick-up that is material,” noted Collins.

According to Collins, about 15-18% of PULS’ portfolio is made up of AAA-rated CLOs, which give the ETF “an even higher yield pick-up than your average investment grade bond in the market.”

In other words, PULS can eke out more return by employing an active strategy that holds a variety of securities.



 

 

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  Exchange Traded Fridays is etf.com's flagship podcast about all things ETF! Tune in as etf.com reporters, analysts, and expert guests break down the…   [View Bio](/contributors/exchange-traded-fridays)

 



 

 


 Related Topics  [Ultra-Short Term](http://www.etf.com/topics/ultra-short-term) 

 [Fixed Income](http://www.etf.com/topics/fixed-income)