BND vs PULS: Holdings Overlap
BNDVanguard Total Bond Market Index Fund
Vanguard · 17360 holdings · $161.4B · as of 2026-03-31
PGIM · 553 holdings · $18.3B · as of 2026-05-29
Holdings snapshots are 59 days apart (BND: 2026-03-31, PULS: 2026-05-29). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are BND and PULS?
Vanguard Total Bond Market Index Fund (BND, by Vanguard) holds 17360 positions; PGIM Ultra Short Bond ETF (PULS, by PGIM) holds 553. They have 114 holdings in common, and by portfolio weight the two funds are 0.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 0.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 114BND holds 17360 · PULS holds 553
- Weight in Shared Holdings
- BND 1%·PULS 16%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in BND
17246 of 17360 positions (98.0% of the fund) are not held by PULS. Showing the top 30 by weight.
- U.S. Treasury Notes0.48%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.42%
- U.S. Treasury Notes0.41%
- U.S. Treasury Notes0.41%
Only in PULS
439 of 553 positions (60.4% of the fund) are not held by BND. Showing the top 30 by weight.
- PGIM AAA CLO ETF1.81%
- GLENCORE FUNDING LLC 0% CP 17/06/20260.74%
- Alexandria Real Estate Equities, Inc. 0% CP 01/06/20260.66%
- ABNANV 4.718 01/22/27 144A0.57%
- BX 2022-LBA6 A0.51%
- Federation des Caisses Desjardins du Quebec0.51%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| BND | -0.3% | +0.0% | +2.4% | +4.2% | -0.2% | +1.5% | 4.03% |
| PULS | +0.0% | +2.1% | +4.1% | +5.3% | +4.2% | — | 4.12% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in BND vs PULS →
Shared Holdings(114)
The top 10 shared positions account for 56% of the overlap, led by U.S. Treasury Notes, T-Mobile USA, Inc. and Pfizer Investment Enterprises Pte. Ltd..
| U.S. Treasury Notes | 0.21% | 0.19% | 0.19% |
|---|---|---|---|
| T-Mobile USA, Inc. | 0.02% | 0.31% | 0.02% |
| Pfizer Investment Enterprises Pte. Ltd. | 0.02% | 0.02% | 0.02% |
| Amazon.com, Inc. | 0.01% | 0.18% | 0.01% |
| U.S. Treasury Notes | 0.18% | 0.01% | 0.01% |
| Wells Fargo & Co. | 0.01% | 0.07% | 0.01% |
| Netflix, Inc. | 0.01% | 0.31% | 0.01% |
| Amazon.com, Inc. | 0.01% | 0.24% | 0.01% |
| Hess Corp. | 0.01% | 0.37% | 0.01% |
| GlaxoSmithKline Capital, Inc. | 0.01% | 0.07% | 0.01% |
| JPMorgan Chase & Co. | 0.01% | 0.31% | 0.01% |
| Lowe's Cos., Inc. | 0.01% | 0.23% | 0.01% |
| Lowe's Cos., Inc. | 0.01% | 0.15% | 0.01% |
| Wells Fargo & Co. | 0.01% | 0.09% | 0.01% |
| Morgan Stanley | 0.01% | 0.31% | 0.01% |
| Broadcom, Inc. | 0.01% | 0.43% | 0.01% |
| Alphabet, Inc. | 0.01% | 0.19% | 0.01% |
| AbbVie, Inc. | 0.01% | 0.31% | 0.01% |
| Amazon.com, Inc. | 0.00% | 0.24% | 0.00% |
| Eaton Corp. | 0.00% | 0.21% | 0.00% |
| CSAIL Commercial Mortgage Trust, Series 2018-CX11, Class A5 | 0.00% | 0.05% | 0.00% |
| ONEOK, Inc. | 0.00% | 0.04% | 0.00% |
| Ventas Realty LP | 0.00% | 0.12% | 0.00% |
| General Motors Financial Co., Inc. | 0.00% | 0.11% | 0.00% |
| ONEOK, Inc. | 0.00% | 0.32% | 0.00% |
Frequently Asked Questions
How much do BND and PULS overlap?
BND and PULS overlap by 0.5% of portfolio weight. They share 114 holdings (BND holds 17360 positions and PULS holds 553), based on each fund's latest SEC-reported holdings.
Is it redundant to own both BND and PULS?
The two portfolios are 0.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of BND and PULS?
The largest positions held by both funds are U.S. Treasury Notes, T-Mobile USA, Inc., Pfizer Investment Enterprises Pte. Ltd., Amazon.com, Inc. and U.S. Treasury Notes. Together the top 10 shared positions account for 56% of the total overlap.
What does BND own that PULS doesn't?
17246 positions (98.0% of BND) are unique to BND, led by U.S. Treasury Notes, U.S. Treasury Notes and U.S. Treasury Notes. In the other direction, 439 positions (60.4% of PULS) are unique to PULS.