PGIM Ultra Short Bond ETF PULS - Good ultra short-term total bond fund ETF

PGIM Ultra Short Bond ETF (PULS) is a good low expense (0.15%) ultra short-term total bond fund ETF. It invests into investment grade (AA rated) corporate and government bonds with effective duration of 3 months.

It offers 0.50-1% better return than AAA rated ultra short treasury bond ETFs such as SGOV. I believe such extra return might be worth, in spite of little bit lower rating.

It's going forward yield to maturity is currently 6.04%

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