PGIM Short Duration Multi-Sector Bond ETF (PSDM) is an actively managed exchange-traded fund sponsored by PGIM Investments LLC that seeks total return through current income and capital appreciation by investing across multiple fixed-income sectors; the fund targets a weighted average portfolio duration of three years or less and a weighted average maturity of five years or less. The ETF is designed to provide broad exposure to the global fixed-income market and may invest in corporate and government debt, mortgage- and asset-backed securities, fixed and floating rate loans, loan participations and assignments, and high-yield bonds, alongside investment-grade securities.
Launched on July 19, 2023, PSDM is listed on Cboe BZX and is part of PGIM’s short-duration multi-sector fixed-income lineup, mirroring the firm’s established PGIM Short Duration Multi-Sector Bond Fund strategy. Recent company developments include the continued expansion of PGIM’s ETF platform with the launch of PSDM and the related PGIM AAA CLO ETF, reflecting a broader strategic push into active fixed-income ETFs and direct access to specialized credit markets. As of September 2026, the fund’s market price and distribution history remain actively updated on PGIM’s product pages, with the fund reporting ongoing dividend distributions in 2026.
PGIM is the global investment management business of Prudential Financial, offering institutional and retail investors a broad range of fixed income, public equity, private credit, real estate, and multi-asset investment capabilities through mutual funds, ETFs, separate accounts, and other vehicles. The company traces its origins to Prudential’s long-standing asset management platform and operates from Newark, New Jersey, while serving clients across the United States and internationally through its investment management franchise.