PULS: Above-Treasury Yield At A Time When Equities Aren't Paying More

PGIM Ultra Short Bond ETF offers a ~4.23% SEC yield with ultra-short duration and investment-grade credit exposure and is rated Buy. PULS has consistently outperformed its ICE BofA US 3-Month Treasury Bill Index benchmark and yields higher than Treasury ETFs such as SHV. The ETF's active management, low duration (~0.4 years), and moderate 0.15% expense ratio support its role as a superior cash-parking vehicle.