PGIM ETF Trust has released its latest financial report, revealing a total asset value of approximately $128.68 million as of August 31, 2026. This update is significant for the investment community as it showcases the trust's ongoing focus on municipal bonds.

Company Background

PGIM ETF Trust, with a Central Index Key (CIK) of 0001727074, is an investment entity incorporated in Delaware. The trust primarily operates in the investment sector and is known for its PGIM Ultra Short Municipal Bond ETF, which trades under the ticker symbol PUSH. The trust's recent filings include multiple NPORT-P forms, indicating a consistent reporting schedule.

What the Filing Says

The recent NPORT-P filing, accession number 0000940400-26-041849, details the financial status of PGIM ETF Trust as of August 31, 2026. Key figures from the report include total assets of $128,680,453.74, total liabilities of $4,234,208.94, and net assets of $124,446,244.80.

Impact

This financial update may influence various stakeholders, including investors and competitors in the municipal bond market. The trust's solid asset base reflects a growing interest in municipal bonds, which could prompt other investment firms to reassess their strategies in this sector.

What's Next

The filing does not say what happens next.

Investment Portfolio Details

The filing provides insights into PGIM ETF Trust's investment portfolio, highlighting key holdings in municipal bonds. Notable investments include:

  • Dallas County Texas Municipal Utility District No. 4 - A bond with a balance of $140,000, maturing on March 1, 2029, and an annualized rate of 6.75%.
  • Lehigh County General Purpose Authority (PA) - Holding $615,000 with a maturity date of July 1, 2028, and a fixed annualized rate of 4.00%.
  • Nashville and Davidson County Health and Education Facilities Board (TN) - A $185,000 investment maturing on October 1, 2028, with a variable rate of 5.00%.
  • Delta Airlines Inc. - A bond worth $500,000, maturing on January 1, 2029, with a fixed rate of 5.00%.
  • San Francisco City and County Airport Commission (CA) - Holding $100,000, maturing on May 1, 2028, with an annualized rate of 3.50%.

Liquidity and Cash Management

The report indicates that PGIM ETF Trust maintains a strong liquidity position, with no amounts reported for cash collateral or non-cash collateral in its security lending activities. This suggests a conservative approach to liquidity management, ensuring that the trust can meet its obligations without relying on borrowed funds.

Market Conditions and Future Outlook

While the filing does not provide specific guidance on future strategies or market conditions, the trust's focus on municipal bonds may position it well in a low-interest-rate environment, where investors seek stable income sources. The trust's performance in the upcoming quarters will be closely monitored by stakeholders, especially in light of potential changes in interest rates and economic conditions.