ICSH vs PULS: Holdings Overlap
ICSHiShares Ultra Short Duration Bond Active ETF
iShares · 236 holdings · $8.4B · as of 2026-04-30
PGIM · 553 holdings · $18.3B · as of 2026-05-29
How similar are ICSH and PULS?
iShares Ultra Short Duration Bond Active ETF (ICSH, by iShares) holds 236 positions; PGIM Ultra Short Bond ETF (PULS, by PGIM) holds 553. They have 40 holdings in common, and by portfolio weight the two funds are 6.3% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 6.3%Sum of the smaller weight of each shared holding
- Shared Holdings
- 40ICSH holds 236 · PULS holds 553
- Weight in Shared Holdings
- ICSH 10%·PULS 7%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 ICSH
196 of 236 positions (42.2% of the fund) are not held by PULS. Showing the top 30 by weight.
- Northwestern Mutual Global Funding0.79%
- Pacific Life Global Funding II0.75%
- New York Life Global Funding0.73%
- Morgan Stanley Private Bank NA0.73%
- Honeywell Aerospace Inc0.73%
- Athene Global Funding0.71%
Only in PULS
513 of 553 positions (69.1% of the fund) are not held by ICSH. 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 |
|---|---|---|---|---|---|---|---|
| ICSH | +0.4% | +2.1% | +4.0% | +5.1% | +3.8% | +2.8% | 4.20% |
| 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 ICSH vs PULS →
Shared Holdings(40)
The top 10 shared positions account for 41% of the overlap, led by NatWest Markets PLC, Salesforce, Inc. and Protective Life Global Funding.
| NatWest Markets PLC | 0.44% | 0.39% | 0.39% |
|---|---|---|---|
| Salesforce, Inc. | 0.73% | 0.32% | 0.32% |
| Protective Life Global Funding | 0.41% | 0.31% | 0.31% |
| Toyota Motor Credit Corp., Series B | 0.27% | 0.26% | 0.26% |
| Amazon.com, Inc. | 0.49% | 0.24% | 0.24% |
| NTT Finance Corp. | 0.22% | 0.22% | 0.22% |
| Skandinaviska Enskilda Banken AB | 0.42% | 0.22% | 0.22% |
| Philip Morris International, Inc. | 0.30% | 0.21% | 0.21% |
| Eaton Corp. | 0.21% | 0.21% | 0.21% |
| Starbucks Corp | 0.21% | 0.21% | 0.21% |
| Mars, Inc. | 0.24% | 0.18% | 0.18% |
| Stryker Corp. | 0.36% | 0.18% | 0.18% |
| Pacific Life Global Funding II | 0.32% | 0.18% | 0.18% |
| Siemens Funding BV | 0.52% | 0.18% | 0.18% |
| Roche Holdings, Inc. | 0.18% | 0.37% | 0.18% |
| National Securities Clearing Corp. | 0.37% | 0.18% | 0.18% |
| Amazon.com, Inc. | 0.16% | 0.18% | 0.16% |
| Amphenol Corp. | 0.37% | 0.16% | 0.16% |
| Principal Life Global Funding II | 0.19% | 0.15% | 0.15% |
| Intuit Inc | 0.15% | 0.31% | 0.15% |
| AbbVie, Inc. | 0.15% | 0.20% | 0.15% |
| Westpac Banking Corp | 0.19% | 0.15% | 0.15% |
| National Australia Bank Ltd | 0.18% | 0.15% | 0.15% |
| Lowe's Cos., Inc. | 0.44% | 0.15% | 0.15% |
| Accenture Capital, Inc. | 0.13% | 0.14% | 0.13% |
Frequently Asked Questions
How much do ICSH and PULS overlap?
ICSH and PULS overlap by 6.3% of portfolio weight. They share 40 holdings (ICSH holds 236 positions and PULS holds 553), based on each fund's latest SEC-reported holdings.
Is it redundant to own both ICSH and PULS?
The two portfolios are 6.3% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of ICSH and PULS?
The largest positions held by both funds are NatWest Markets PLC, Salesforce, Inc., Protective Life Global Funding, Toyota Motor Credit Corp., Series B and Amazon.com, Inc.. Together the top 10 shared positions account for 41% of the total overlap.
What does ICSH own that PULS doesn't?
196 positions (42.2% of ICSH) are unique to ICSH, led by Northwestern Mutual Global Funding, Pacific Life Global Funding II and New York Life Global Funding. In the other direction, 513 positions (69.1% of PULS) are unique to PULS.