PSH Fees and Costs — PGIM Short Duration High Yield ETF
Data updated: 2026-07-27
The net expense ratio is 0.45% (0.46% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $989 in broker commissions, 0.0020% of average net assets, and portfolio turnover was 100%.
PSH Fees and Expenses
Annual operating expenses and sales charges of PSH. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.46% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.45% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PSH Costs Over Time
On $10,000 invested in PSH, assuming 5% a year before costs, total costs come to $286 over 5 years, cutting the return by 0.47% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.45%) | $47 | $148 | $259 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $7 | $26 |
| Total costs | $47 | $156 | $286 |
| Value after costs | $10,453 | $11,420 | $12,477 |
| Impact on return, per year | 0.47% | 0.47% | 0.47% |
PSH Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0020%
- Total broker commissions: $989
- Bought from dealers (principal trades, not a cost): $121.0M
- Portfolio turnover (prospectus): 100%
- Securities lending: none during the year
PSH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $616 | 62.29% |
| BOFA SECURITIES, INC. | $208 | 21.03% |
| RBC CAPITAL MARKETS, LLC | $165 | 16.68% |
PSH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $26.1M | 24.39% |
| CitiGroup Global Markets Inc. | $17.4M | 16.27% |
| BOFA SECURITIES, INC. | $16.9M | 15.78% |
| J.P. Morgan Securities LLC | $11.7M | 10.98% |
| MORGAN STANLEY & CO. LLC | $9.8M | 9.16% |
| MARKETAXESS CORPORATION | $6.9M | 6.50% |
| JEFFERIES LLC | $6.5M | 6.09% |
| BARCLAYS CAPITAL, INC. | $6.2M | 5.83% |
| WELLS FARGO SECURITIES, LLC | $3.1M | 2.94% |
| Jane Street Execution Services, LLC | $2.2M | 2.05% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.