PULS vs ICSH: Holdings Overlap
PGIM · 553 holdings · $18.3B · as of 2026-05-29
ICSHiShares Ultra Short Duration Bond Active ETF
iShares · 236 holdings · $8.4B · as of 2026-04-30
How similar are PULS and ICSH?
PGIM Ultra Short Bond ETF (PULS, by PGIM) holds 553 positions; iShares Ultra Short Duration Bond Active ETF (ICSH, by iShares) holds 236. 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
- 40PULS holds 553 · ICSH holds 236
- Weight in Shared Holdings
- PULS 7%·ICSH 10%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
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%
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%
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% |
| ICSH | +0.4% | +2.1% | +4.0% | +5.1% | +3.8% | +2.8% | 4.20% |
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 ICSH →
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 | 0.39% | 0.44% | 0.39% |
|---|---|---|---|
| Salesforce, Inc. | 0.32% | 0.73% | 0.32% |
| Protective Life Global Funding | 0.31% | 0.41% | 0.31% |
| Toyota Motor Credit Corp., Series B | 0.26% | 0.27% | 0.26% |
| Amazon.com, Inc. | 0.24% | 0.49% | 0.24% |
| NTT Finance Corp. | 0.22% | 0.22% | 0.22% |
| Skandinaviska Enskilda Banken AB | 0.22% | 0.42% | 0.22% |
| Philip Morris International, Inc. | 0.21% | 0.30% | 0.21% |
| Eaton Corp. | 0.21% | 0.21% | 0.21% |
| Starbucks Corp | 0.21% | 0.21% | 0.21% |
| Mars, Inc. | 0.18% | 0.24% | 0.18% |
| Stryker Corp. | 0.18% | 0.36% | 0.18% |
| Pacific Life Global Funding II | 0.18% | 0.32% | 0.18% |
| Siemens Funding BV | 0.18% | 0.52% | 0.18% |
| Roche Holdings, Inc. | 0.37% | 0.18% | 0.18% |
| National Securities Clearing Corp. | 0.18% | 0.37% | 0.18% |
| Amazon.com, Inc. | 0.18% | 0.16% | 0.16% |
| Amphenol Corp. | 0.16% | 0.37% | 0.16% |
| Principal Life Global Funding II | 0.15% | 0.19% | 0.15% |
| Intuit Inc | 0.31% | 0.15% | 0.15% |
| Westpac Banking Corp | 0.15% | 0.19% | 0.15% |
| National Australia Bank Ltd | 0.15% | 0.18% | 0.15% |
| AbbVie, Inc. | 0.20% | 0.15% | 0.15% |
| Lowe's Cos., Inc. | 0.15% | 0.44% | 0.15% |
| Accenture Capital, Inc. | 0.14% | 0.13% | 0.13% |
Frequently Asked Questions
How much do PULS and ICSH overlap?
PULS and ICSH overlap by 6.3% of portfolio weight. They share 40 holdings (PULS holds 553 positions and ICSH holds 236), based on each fund's latest SEC-reported holdings.
Is it redundant to own both PULS and ICSH?
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 PULS and ICSH?
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 PULS own that ICSH doesn't?
513 positions (69.1% 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, 196 positions (42.2% of ICSH) are unique to ICSH.