PGIM Active Aggregate Bond ETF (PAB)
PGIM Active Aggregate Bond ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Newark, NJ, US. The stock last traded at $41.55, up 0.06% on the session, giving a market capitalisation of $70.6M. Its beta of 1.05 implies it has historically moved more than the broad market.
PAB actively invests in a wide variety of fixed income securities such as debt obligations issued by the US government and its agencies, corporate debt, MBS and ABS. The fund seeks similar exposure to the Bloomberg US Aggregate Bond Index, but with the objective of providing a better risk/return profile, through a broader investment mandate. The funds management team uses a bottom-up research-driven security selection process, with a focus on industry and issuer credit research. PAB requires all holdings to be USD-denominated with a maturity of more than one year and an investment grade rating at the time of purchase. Up to 25% of the fund may be allocated to foreign issuers (including emerging markets) as long as their securities are in USD. The fund engages in active trading.
PGIM Active Aggregate Bond ETF is most often compared with the following Financial Services names: