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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
7.1 %

45 positions appear in both funds. Buying equal dollars of PAAA and PULS would leave roughly 7.1% of each dollar exposed to the same underlying securities.

PAAA unmatched 88.8% Shared 7.1% PULS unmatched 92.1%

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
266 positions
Shared
45 positions
In PULS only
690 positions

Side by side

PAAA

PGIM AAA CLO ETF

PGIM · US Aggregate Bond

82 composite / 100
Expense ratio
0.19%
Net assets
$15.01B
TTM yield
4.63%
Top-10 conc.
11.7%
PULS

PGIM Ultra Short Bond ETF

PGIM · US Aggregate Bond

84 composite / 100
Expense ratio
0.15%
Net assets
$19.61B
TTM yield
4.35%
Top-10 conc.
7.2%

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

45 shared in total
# Holding In PAAA In PULS Overlap
1 WELLFLEET CLO 2021-3 LTD 0.44% 0.32% 0.32%
2 CROWN CITY CLO 0.40% 0.30% 0.30%
3 GALAXY XXV CLO LTD 0.33% 0.29% 0.29%
4 ARES XLIV CLO LTD 0.50% 0.29% 0.29%
5 JAMESTOWN CLO IX LTD 0.34% 0.27% 0.27%
6 TIKEHAU US CLO III LTD 0.61% 0.27% 0.27%
7 OCTAGON 64 LTD 0.36% 0.27% 0.27%
8 720 EAST CLO VII LTD 0.57% 0.27% 0.27%
9 KKR CLO 41 LTD 0.32% 0.27% 0.27%
10 CIFC FUNDING 2021-VII LTD 0.24% 0.29% 0.24%
11 ICG US CLO 2020-1 LTD 0.24% 0.27% 0.24%
12 COLUMBIA CENT CLO 29 LTD 0.24% 0.27% 0.24%

Only in PAAA

266 total
  • CBAM 2017-2 LTD 1.58%
  • Regatta XXVII Funding Ltd / Regatta XXVII Funding LLC 1.29%
  • BENEFIT STREET PARTNERS CLO XII-B LTD 1.21%
  • GOLDENTREE LOAN MANAGEMENT US CLO 31 LTD 1.21%
  • MAGNETITE XL LTD 1.13%
  • OCP CLO LTD 1.12%
  • BATTALION CLO XXIV LTD 1.09%
  • AGL CORE CLO 1.06%
  • REGATTA XXVI FUNDING LTD 1.01%
  • BALBOA BAY LOAN FUNDING 2024-1 LTD 1.01%

Only in PULS

690 total
  • PGIM ETF Trust 1.95%
  • Suncor Energy Inc. 0.77%
  • INTESA SANPAOLO SPA 0.68%
  • Alimentation Couche-Tard Inc. 0.67%
  • Healthpeak Properties Inc 0.58%
  • Alexandria Real Estate Equities, Inc. 0.53%
  • Essential Utilities Inc 0.52%
  • HUDSON YARDS 2025-SPRL MORTGAGE TRUST 0.50%
  • ABN AMRO BANK NV 0.50%
  • SOFI CONSUMER LOAN PROGRAM 2026-C TRUST 0.49%

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.