PSDM was created on 2023-07-19 by PGIM. The fund's investment portfolio concentrates primarily on broad credit fixed income. The ETF currently has 188.85m in AUM and 554 holdings. PSDM is an actively managed fund that holds a broad range of fixed income instruments with any credit rating, duration, and maturity, while targeting a weighted average maturity of less than or equal to five years. Securities are selected using both top-down analysis and bottom-up research.