PULS vs FLOT: Holdings Overlap
PGIM · 553 holdings · $18.3B · as of 2026-05-29
FLOTiShares Floating Rate Bond ETF
iShares · 529 holdings · $10.4B · as of 2026-04-30
How similar are PULS and FLOT?
PGIM Ultra Short Bond ETF (PULS, by PGIM) holds 553 positions; iShares Floating Rate Bond ETF (FLOT, by iShares) holds 529. They have 55 holdings in common, and by portfolio weight the two funds are 5.9% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 5.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 55PULS holds 553 · FLOT holds 529
- Weight in Shared Holdings
- PULS 8%·FLOT 9%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 PULS
498 of 553 positions (68.3% of the fund) are not held by FLOT. 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%
- BX 2021-ACNT A0.43%
Only in FLOT
474 of 529 positions (89.7% of the fund) are not held by PULS. Showing the top 30 by weight.
- International Bank for Reconstruction & Development1.14%
- European Bank for Reconstruction & Development1.10%
- International Bank for Reconstruction & Development0.99%
- European Bank for Reconstruction & Development0.93%
- International Finance Corp0.90%
- International Bank for Reconstruction & Development0.86%
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| PULS | +0.0% | +2.1% | +4.1% | +5.3% | +4.2% | — | 4.12% |
| FLOT | +0.3% | +2.6% | +4.5% | +5.5% | +4.3% | +3.1% | 4.41% |
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 PULS vs FLOT →
Shared Holdings(55)
The top 10 shared positions account for 33% of the overlap, led by Hyundai Capital America, New York Life Global Funding and American Honda Finance Corp..
| Hyundai Capital America | 0.25% | 0.30% | 0.25% |
|---|---|---|---|
| New York Life Global Funding | 0.34% | 0.23% | 0.23% |
| American Honda Finance Corp. | 0.21% | 0.29% | 0.21% |
| Australia & New Zealand Banking Group Ltd | 0.21% | 0.34% | 0.21% |
| Morgan Stanley Bank NA | 0.19% | 0.35% | 0.19% |
| Bank of Nova Scotia/The | 0.18% | 0.22% | 0.18% |
| Corebridge Global Funding | 0.18% | 0.25% | 0.18% |
| Protective Life Global Funding | 0.31% | 0.17% | 0.17% |
| Keurig Dr Pepper Inc | 0.16% | 0.17% | 0.16% |
| General Motors Financial Co Inc | 0.18% | 0.15% | 0.15% |
| American Express Co. | 0.15% | 0.16% | 0.15% |
| Daimler Truck Finance North America LLC | 0.15% | 0.14% | 0.14% |
| Cooperatieve Rabobank UA/NY | 0.14% | 0.19% | 0.14% |
| Westpac Banking Corp | 0.15% | 0.13% | 0.13% |
| Eli Lilly & Co | 0.14% | 0.13% | 0.13% |
| Toyota Motor Credit Corp | 0.17% | 0.13% | 0.13% |
| Commonwealth Bank of Australia | 0.13% | 0.24% | 0.13% |
| Royal Bank of Canada | 0.12% | 0.21% | 0.12% |
| National Australia Bank Ltd | 0.12% | 0.28% | 0.12% |
| Public Storage Operating Co | 0.12% | 0.32% | 0.12% |
| Cooperatieve Rabobank UA/NY | 0.20% | 0.12% | 0.12% |
| Metropolitan Life Global Funding I | 0.12% | 0.18% | 0.12% |
| Siemens Funding BV | 0.11% | 0.17% | 0.11% |
| Pacific Life Global Funding II | 0.22% | 0.11% | 0.11% |
| Toronto-Dominion Bank/The | 0.11% | 0.17% | 0.11% |
Frequently Asked Questions
How much do PULS and FLOT overlap?
PULS and FLOT overlap by 5.9% of portfolio weight. They share 55 holdings (PULS holds 553 positions and FLOT holds 529), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PULS and FLOT?
The two portfolios are 5.9% 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 PULS and FLOT?
The largest positions held by both funds are Hyundai Capital America, New York Life Global Funding, American Honda Finance Corp., Australia & New Zealand Banking Group Ltd and Morgan Stanley Bank NA. Together the top 10 shared positions account for 33% of the total overlap.
What does PULS own that FLOT doesn't?
498 positions (68.3% of PULS) are unique to PULS, led by PGIM AAA CLO ETF, GLENCORE FUNDING LLC 0% CP 17/06/2026 and Alexandria Real Estate Equities, Inc. 0% CP 01/06/2026. In the other direction, 474 positions (89.7% of FLOT) are unique to FLOT.