PGIM Short Duration Multi-Sector Bond ETF (PSDM)

The PGIM Short Duration Multi-Sector Bond ETF is an actively managed fixed-income fund from PGIM, the investment management business of Prudential Financial, with portfolios run by its fixed-income team.

The fund invests across a broad range of bond sectors, which can include corporate bonds, securitized debt such as mortgage-backed and asset-backed securities, government and agency debt, and other income-producing instruments. It keeps the portfolio's overall duration short to limit sensitivity to interest-rate changes.

Listed on Cboe BZX under the ticker PSDM, the fund aims to generate income and total return by shifting allocations among sectors where the managers see the most attractive value.