PUSH Fees and Costs — PGIM Ultra Short Municipal Bond ETF
Data updated: 2026-07-27
The net expense ratio is 0.15%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $208 in broker commissions, 0.0006% of average net assets, and portfolio turnover was 87%.
PUSH Fees and Expenses
Annual operating expenses and sales charges of PUSH. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.15% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.15% |
| Fee waiver | — |
| Net expense ratio | 0.15% |
| 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 |
PUSH Costs Over Time
On $10,000 invested in PUSH, assuming 5% a year before costs, total costs come to $96 over 5 years, cutting the return by 0.16% 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 0.15%) | $16 | $50 | $87 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $2 | $9 |
| Total costs | $16 | $52 | $96 |
| Value after costs | $10,484 | $11,524 | $12,667 |
| Impact on return, per year | 0.16% | 0.16% | 0.16% |
PUSH 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): 0.0006%
- Total broker commissions: $208
- Bought from dealers (principal trades, not a cost): $54.5M
- Portfolio turnover (prospectus): 87%
- Securities lending: none during the year
PUSH Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $208 | 100.00% |
PUSH Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $10.4M | 23.70% |
| J.P. Morgan Securities LLC | $9.6M | 21.69% |
| WELLS FARGO SECURITIES, LLC | $5.4M | 12.23% |
| MIDDLEGATE SECURITIES INC. | $4.1M | 9.20% |
| SumRidge Partners, LLC | $3.9M | 8.79% |
| MORGAN STANLEY & CO. LLC | $3.6M | 8.15% |
| MARKETAXESS CORPORATION | $2.6M | 6.01% |
| TD SECURITIES (USA) LLC | $2.3M | 5.30% |
| RBC CAPITAL MARKETS, LLC | $1.1M | 2.57% |
| U.S. BANCORP INVESTMENTS, INC. | $1.1M | 2.39% |
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.