PGIM Ultra Short Municipal Bond ETF
PUSH
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 655 Broad Street Newark NJ United States of America 7102
- IPO Date
- Jun 28, 2024
- Website
- pgim.com
- Similar Companies
- Business
- PGIM Ultra Short Municipal Bond ETF (PUSH) is an actively managed exchange-traded fund that seeks total return through a combination of current income exempt from federal income taxes and capital appreciation by investing at least 80% of its assets in municipal bonds and obligations. The fund primarily holds investment-grade municipal bonds with up to 10% allocation to high-yield municipal debt; it maintains a weighted average portfolio duration of two years or less, focusing on sectors including healthcare, power, education, general obligation, pre-refunded, housing, corporate-backed industrial development bonds, transportation, water and sewer; top issuers include Main Street Natural Gas, Los Angeles Department of Water & Power, Black Belt Energy Gas District, Common Spirit Health, and Kentucky Public Energy Authority; credit quality emphasizes AA (38.9%) and A (39.5%) rated securities, with geographic exposure across U.S. states such as Illinois, California, Texas, Georgia, and Wisconsin. PUSH trades on the NYSE Arca exchange with ticker PUSH, CUSIP 69344A768, a net expense ratio of 0.15%, and benchmarks the Bloomberg 1 Year Municipal Bond Index. Launched on June 24, 2024, PUSH represents PGIM's expansion into actively managed municipal bond ETFs, building on the success of its $7 billion PGIM Ultra Short Bond ETF (PULS) and alongside the simultaneous launch of the PGIM Municipal Income Opportunities ETF (PMIO). The ETF is subadvised by PGIM Fixed Income, a unit of PGIM, Inc. with $862 billion in assets under management as of March 31, 2025 and expertise in fixed income since 1875; PGIM Limited serves as an additional subadvisor. PGIM, Inc., the asset management arm of Prudential Financial, Inc. founded in 1875, is headquartered in Newark, New Jersey, and operates globally across fixed income, equities, real estate, and alternatives with over $1.34 trillion in assets under management and 41 offices in 19 countries.