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I do SGOV and PULS so I can quickly sell and buy something else if the opportunity arises.
maybe a bit, with similar behavior, but some key differences. (1) PULS is corporates not government, and has some percentage in the A/BBB quality, so theoretically PULS should be getting a better yield, because of the risk premium vs government securities, i.e. per (2). But in my mind, the spread is big enough to risk on PULS since PULS is still all investment grade, and especially considering ultrashort duration itself is a risk reducer (e.g. not a lot of time to get into trouble, and how likely are corporations going to default on their ultrashort securities, risking major impact including to their own equities as well as their credit rating and quick access to funds) I haven't looked at the stats for SGOV, but I would guess it has an even shorter duration than PULS (given SGOV is 0-3 mos), so a slightly different place on the yield curve. If you want the security of Treasuries, just compare yields (30 day SEC, Trailing Twelve Months (TTM) of SGOV with another short term treasuries fund that will go as high as maybe 1 year or a bit more (ave maturity, duration) and decide if the extra duration is worth moving to it. Default risk wise, I would guess SGOV and a 1 year treasuries are very close (and close to 0). 0-3 years tbills imo would be to park some cash anticipating higher interest rates (bc of inflation) i,e. timing (ooh) or a very near term upcoming personal expenditure and don't want any risk to principal. I think if the fed rate goes down instead, I would expect SGOV yield to go down faster than 1 year tbill durations bc of more frequent turnover at the lower rates, and faster than PULS, but maybe not enough to make you move out of SGOV. Depends on your situation.
I will. Interesting PULS has almost 1% in PAAA. I'll have to dig into this more. As you point out, even within CLOs, there are levels of risk. In a corporation, what is higher quality/lower risk of default than CLOs (and short term) - ST bonds, repos, ?
I'll check this out. Note PULS actually gained in 2022, and in the last year is pretty steady +/- <0.5%, but JAAA still worth a look for the yield "premium",
PULS SEC Daily Yield (Unsubsidized) as of yesterday 08/15/2025 is 4.48% per PGIM website JAAA per Janus website (As of 07/31/2025)30-Day SEC Yield - 5.32% JAAA will fall with FED Funds as well due to short term variable rate funding, JAAA is >95% AAA rated CLO with no AAA rated default in US history, and during 2022, worst year for Bonds since 1777, JAAA fell 3.2% then gained it back over 15 months. So that's the biggest downside risk. may be another good place to park some cash?
PULS SEC Daily Yield (Unsubsidized) as of yesterday 08/15/2025 is 4.48% per PGIM website JAAA per Janus website || || |(As of 07/31/2025)30-Day SEC Yield - Without Waivers |5.32%| JAAA will fall with FED Funds as well due to short term variable rate funding, JAAA is >95% AAA rated CLO with no AAA rated default in US history, and during 2022, worst year for Bonds since 1777, JAAA fell 3.2% then gained it back over 15 months. So that's the biggest downside risk. may be another good place to park some cash?
hello Everyone, so i just recently rolled over my 401k from previous employer into a fidelity ira and now im trying to decide how to allocate the funds, i know everywhere online it says the total ratio should be to invent at 60/40% stocks/bonds, and the stocks in a 60/40% US/international stocks. so my thoughts were to invest 60/40 into FXAIX/FTIHX for the stocks, and for the bonds to invest maybe 50/50 into BND/PULS? for info, im 38 and have a new 401K running with my employer on 1.5 years. the roller over was 104K. im not sure how risk averse i want to be, i mean we would all love to retire young lol, but looking at the world today, things my be a little too volatile for a newbie like me. but should investing into any EFTs or things like that? i do have a robinhood accout that has like $600 in it of a few stocks, so maybe it might be worth testing the "riskier" things there? any advise is welcomed and appreciated.
You can find some bond alternatives about as safe as that (PULS, FLRN) to boost your return slightly. You don't say how much you already have in and going into retirement accounts. If those aren't maxed yet, use this to do so. If after that change there's still more than half of the 250k left after 10 years, that's not enough, do more. In that case, start putting it into VT. If your broker can automate it, quarterly or monthly. You also don't say if you own a home or want to. If not and you want a home, this will more than cover a down payment. Statistically, I've seen it declared that lump sum is slightly better success rate than DCA. I'd rather go with the less stressful and safer route of DCA. Don't take longer than a few years to get it all in. I always say it's better to have some investments on the taxable side, especially if FIRE is a goal at all.
I’m at 26% domestic stocks; 5% gold; 69% CLOA and PULS. And thought I was underweight equities!
hey how long have you owned puls? my parent wants to get a CD but its for 3 years and I told them probably better off putting half of what you planned for or more into maybe a cd and the rest into a stock ETF like VOO or VGT. But PULS looks pretty solid/safe.
Keeping 10% or more cash or cash equivalent is important for active traders who are researching daily to find the next buy out there. That's not most investors, by a long shot. Put it in an investment. If you want it to preserve value or think stocks are overvalued right now, SGOV, FLRN, PULS are good options. If you want it to grow aggressively (with more risk of downside), VT or VTI. You've always got credit cards (not carrying a balance obviously) to use immediately and give you a full month or so to raise the funds by selling something.
FLRN and PULS are great options as well. ETFs, so they close quickly when you need to reapply those funds elsewhere, and the share price barely budges so minimal or no LTCG when you do.
SCHD is a decent hedge against the tech heaviness of VOO. If you want non-equities, PULS, FLRN or SKOR maybe.
You must be looking at daily returns or something. Yahoo finance: https://finance.yahoo.com/quote/PULS/ Depends which method you look at. TTM is about 5.4%, SEC 30 day is around 4.5%ish.
I had some PULS for a bond fund which is basically just a higher yield MM fund that is super short term and doesn’t get exposed to duration and interest risks.
PULS Has a great dividend as well
Yes, she can get a separate brokerage account at Fidelity. Will definitely look into PULS. 5.4 is pretty sweet right now.
Can she get a separate brokerage account that is not the Roth account, at Fidelity? If so, another option for a cash alternative that I buy is an ultrashort corporate investment grade bond ETF: PULS. About 5.4% return. Set it to automatic reinvesting and it will compound. Pays dividends monthly. The price stays stable and you can sell shares immediately when the market is open. I use Schwab and when I sell some PULS, it takes one day to settle before I can withdraw funds. Schwab also has checks and debit cards you can get with the brokerage account.
Just to add a cash alternative I use: PULS. It holds ultrashort corporate bonds, investment grade, monthly dividends, over 5% return, 0.15% expense ratio. Price stays stable within a few cents.
I was all excited to buy some Pfizer on sale, after it supposedly tanked overnight, cashed out some PULS….and it went up lol. There’s no rationality to this market.
I live abroad, so I can’t invest in money market funds, because of some weird rules, but I can invest in ETFs. I invest in PULS instead of SGOV now. It has a better return, and very nearly the same risk.
I’m 78, so I’m now 25% in individual stocks & ETF’s, balance in cash like alternatives yielding 5%+. PULS, etc.
I keep my cash in PULS. It’s an ETZf that holds short term corporate bonds. Monthly dividends, price is stable, low risk.
https://finance.yahoo.com/quote/PULS/ Yahoo finance and my Schwab app and Apple stocks app all show PULS yield is 5.42%.
Comparing recent SEC yields: * VUSXX 4.23% default Vanguard Money Market Fund * SPAXX 3.96% default Fidelity Money Market Fund * SGOV 4.17% iShares 0-3 Month Treasury Bond ETF * PULS 4.59% PGIM Ultra Short Bond ETF ETF providers list the latest yields. Fidelity only updates them monthly but does provide daily NAV charts--note differences in early April for impacts of market uncertainty. https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=SGOV https://digital.fidelity.com/prgw/digital/research/quote/dashboard/summary?symbol=PULS
I'm seeing an SEC yield for PULS at 4.61%, vs 4.17% for SGOV. For those of us in an income tax state, SGOV does hold a tax advantage.
I keep my cash in PULS. It is an ETF that holds investor grade ultrashort corporate bonds. It has monthly dividend, and the price only changes by a few cents, depending on when the dividend is paid. It functions the same way SGOV does, but has a higher return, and very slightly higher risk. SGOV beta (risk) is 0. PULS beta is 0.03 It’s actively managed, holds over 100 bonds, as I recall. Expense ratio is 0.15 Dividend yield is around 5.4% https://finance.yahoo.com/quote/PULS/
I have mine in PULS. I can sell some immediately in my Schwab account whenever the market is open, including extended hours. https://finance.yahoo.com/quote/PULS/ Works the same as SGOV but holds high rated corporate bonds instead of tbills.
I think PULS is better, corporate bonds instead of tbills. https://finance.yahoo.com/quote/PULS/ Functions the same as SGOV, higher yield.
I’m not comfortable with the treasury department right now, so I have my cash/bond allocation in PULS, which holds high rated ultra short corporate bonds. 5.4%, monthly dividend, functions the same as SGOV with nearly zero risk. I think buying gold, especially so overpriced, is a bad idea. My dad lost his shirt in the late 70’s or so in a similar market.
My cash is in PULS, corporate bonds ETF, 5.4%, monthly dividend.
I would put it in PULS and then figure out if I wanted to buy some dividend stocks or ETFs or buy more real estate, etc. It’s a safe cash equivalent paying almost 5.5% and very liquid. https://finance.yahoo.com/quote/PULS/
I buy PULS. I can immediately sell some during market hours, including extended hours in my Schwab account, and it’s credited to my cash account to use, within seconds. https://finance.yahoo.com/quote/PULS/ Works like SGOV, higher rate, only very slightly higher risk.
I agree buying gold is dumb. I recommend PULS for a low risk cash alternative. https://finance.yahoo.com/quote/PULS/
I keep my cash in PULS. Ultrashort corporate bonds, works the same as SGOV, but holds investment grade corporate bonds instead of treasuries. Very liquid, stable price, 5.4% , monthly dividends. https://finance.yahoo.com/quote/PULS/
Totally nefarious: https://finance.yahoo.com/quote/PULS/
Why do you have a link to a post about JEPQ in your comment about PULS?
I hold PULS. Investment grade ultra short corporate bonds, monthly dividends, very liquid, almost 5.5%. https://www.fool.com/investing/2024/11/09/jpmorgan-nasdaq-equity-premium-income-etf-good-for/
5.42% yield. Yahoo Finance: https://finance.yahoo.com/quote/PULS/
Buy one tied to high rated corporate bonds instead of treasuries. I buy PULS.
I had most of my money in treasuries, some in the market.!I’m retired. I am able to just live on my SSA retirement benefit, abroad where the cost of living is cheap. In November, I was afraid madness would ensue in the market, so I sold everything in my brokerage account and put it all in tbills, and started watching to see if the market would go down, and then I would buy back in slowly. Then madness ensued in the treasury department, and I didn’t feel safe with any of my money in it. So, as my treasuries mature, I’m moving them out of the treasury department and into my brokerage account. I am also able to invest $100-$200 every month from my SSA retirement. I’m keeping cash in PULS now, and buying a little of this and a little of that, depending on what’s a good price, and only buying dividend stocks and ETFs. I have them set to reinvest, with a timeline of 10-15 years before I will need it to pay for assisted living abroad. The easiest way to save money, is to spend less. See if you can trim something from your budget and invest that amount every month.
Floating rates are too volatile for me. I like PULS better.
I like PULS better than tbills right now and it pays a higher return. It acts like a savings account, but to get the dividend, you need to have the money in it long enough to get the dividends, which are paid monthly. So, if you sell some to get cash, choose “last in, first out “, assuming you are adding more to it once in awhile.
I'm still learning different types of investments. She has a good portfolio that is professionally managed. I'll look into PULS. Before today I haven't heard of it. Options are always nice to have.
i don't think. I just react! I have no clue. I can say when I saw AAA CLOs break down in Feb/early march , I dumped my sizeable CLO positions. JAAA / PAAA. Along with various other things. I've owned a lot of PULS ultrashort bond ETF...it's also broken down in the last week. Slowly declining (It does own some PAAA). I've zeroed it out. Now into < 1 year treasuries and Schwab MMFs. The 5 year chart of the 10Y yield, in early 2022 it also climbed quickly due to Fed Funds rate change I think.
I’m pushing 70 and I have my cash in PULS. Around 5.5%. It’s an ETF that holds investment grade ultrashort corporate bonds, I think about 100 diversified bonds. Pays dividends monthly., have mine set to reinvest. It sells immediately, if you want to take some cash out. The beta is only 0.03, as I recall. Compare that to zero for treasuries. The S&P 500 is 1.0, for comparison for risk/volatility. The price only changes by less than a dollar, depending when the dividend is paid. The expense ratio is 0.15. I’m really happy with it.
I have PULS instead of SGOV, but they work the same. PULS is very slightly more risky, with higher return and expense ratio is 0.14, return around 5.5%. It holds investment grade corporate bonds vs t-bills in SGOV. Maybe put some in both?
I am keeping cash in PULS. It’s an ETF that holds high rated ultra short corporate bonds, almost as low risk as SGOV, with a higher return, about 5.5%, pays dividends monthly and sells immediately when you want to get some cash out.
Money market or hysa, SGOV, and PULS
Interesting 5-year trend on PULS. Do you tend to auto-reinvest the dividends?
It includes up to 3 months. I like PULS. It’s highly rated ultra short corporate bonds. Pays monthly dividends, about 5.5%.
Look into PULS for your cash. That’s where I have mine. I’m already mostly in cash alternatives, but I’m buying the dip(s). Dividend stocks.
I have a 10k in Five years. XFIV and PIMCO STPZ 1-5 year tips more. avg duration is 3 years!! doh! longer then I thought! dumping that tomorrow. lighten up PULS too...that's ultra-short, but mix of stuff in there. moving to MMF. Lots of $$ in BILS. 3-12 month treasuries. i think under 2 years is generally ok. @ 3 months - no worries. going to schwab mmf just to be safer for stuff i sell.
This is fantastic and I really appreciate you taking the time to lay this out. I'll look very closely at moving my $100k into PULS.
Look at the beta rating. A beta of 1 is the S&P 500 volatility. A lower number is lower volatility. SGOV is basically 0. PULS is something like 0.01 SWVXX is something like 0.64 PULS has the highest return of the 3 at around 5.5%, SGOV around 4.8%, I think SWVXX is the lowest, but too lazy to check. SWVXX has the highest expense ratio at around 0.34, SGOV is around 0.09, PULS is 0.15 So for barely less risk than SGOV, you can get the highest return, and it’s cheaper and less risky than SWVXX.
Thank you, I'll read up on PULS. Are PULS, SGOV, and SWVXX all about equal in risk level? As crazy as it sounds, I want to guard my portfolio as best I can against a total economic collapse.
I think PULS is better. Lower expense ratio, lower beta (volatility), higher rate 5.5% or so, monthly vs quarterly dividends. It holds ultrashort investment grade corporate bonds. Very liquid. Price only fluctuates a few cents depending when the dividend is paid. It’s my cash alternative in my Schwab account. I can sell some immediately and buy something I want that’s dipping, etc. I set it to reinvest and it compounds. Basically, you can compare it to something like SGOV, but I like it better.
You’re welcome. If you look at the 52 week high and low, you’ll see they both just fluctuate less than a dollar. Another thing to look at is the Beta number. A beta of 1 is basically the S&P 500 volatility. A lower number is less volatile. SGOV is 0, I think and PULS is just barely higher than zero. Another consideration is the expense ratio, which is lower for SGOV at 0.09 I think, and PULS is 0.15. But I always thought buying SGOV doesn’t make sense, because you can just make a 4 week tbill ladder on treasury direct with zero fees. I can’t understand paying someone to buy them for you. Plus it holds longer tbills, up to 3 months, I think, which pay a lower rate. I guess some people want instant liquidity, but you might as well get a higher rate than SGOV. Anyway, that’s my thinking. Sorry if I just told you a bunch of stuff you already know.
As I said I buy PULS. The price changes every month by a few cents depending on when the dividend is paid. Look at the price history. It’s a very constant graph showing when the dividend is paid. I set mine to reinvest, so it just compounds. Compare the price history to SGOV.
Thanks! Any recommendations for investment grade corporations bonds? I've noticed some price volatility with PULS today but just needed to learn more about it.
For short term, PULS has better returns and pays dividends monthly, about 5.5%, short investment grade corporate bonds ETF.
PULS. High rated short corporate bond ETF is where I’m keeping my cash right now.
yes, that's what puzzled me -- lower rated securities. I think the (avg) duration is the difference maker. JPST is 0.76 years. PGIM is 0.2 It's like PGIM is "too short"? Considering the medium end of curve is falling more then the short. It's possible the makeup of PULS has changed since COVID? You might like the BondBloxx series of ETFs then. I have XONE and XFIV in my portfolio. There are others.
I would put it all in PULS and buy dividend stocks and ETFs a little every week and ignore the red in my brokerage account.
JPST has outperformed PULS a little. BILS is my largest holding. PULS was/still #2...but reducing it in favor of JPST. During COVID it's max drawdown was 1%? JPST. PULS was 3%. PULS has more private capital/equity holdings from what I gleaned - like ARES, etc... still short term loans...but can underperform I'm learning. I'm sticking more in SWVXX. But drawing up a list of things to buy soon...things I used to own.
yeah, treasury website is archaic. I've been in PULS for months....shifting to JPST. in a plunging market - dividend stocks will tank too - see SCHD.
PULS for cash equivalent, dividend stocks and ETFs. Not selling anything. Buying a little every time it dips again. Not worrying about where the bottom is or the red in my account.
Lol, I like PULS for corporate bonds.
I’m getting out of my treasuries because I don’t trust what’s happening, or being able to get support or anyone on the phone. Moving mine into dividend stocks and ETFs. For cash equivalent I like PULS. And I get higher returns. You can buy tips through a brokerage account, as I recall, but you can’t buy savings bonds anywhere except treasury direct (ibonds and EE bonds).
put (most of) it @ 4% MMF or short term bond funds BILS or PULS can work, and invest a small portion of it....learn from the mistakes and successes. Invest XX% (the small portion) in whatever you want. Study your emotions and what you are comfortable with. That xx% - put in whatever investment you want. How do you feel when it goes up 5%, down 10%, etc... How do you feel when the market is up bigly for a day, but you lag? How about when it goes down 5% and you lose next to nothing or actually gain. How does that make you feel? Everyone else just gives std "advice" which may not be applicable for you. Master emotions first and gain knowledge. With right knowledge and experience, one can make $$ in any kind of market.
Some gold, bond funds, ultra short corporate (PULS), Swiss Franc, Euro, CLOs (collateralized loan obligations, like JAAA). So far has been sideways for me - but the point is to not get wrecked in this.
I like PULS. It’s investment grade ultrashort corporate bonds ETF, very liquid, pretty much no price change depending on when the dividend is paid, less than a dollar, pays dividends monthly, you can set it to reinvest so it compounds monthly, pays about 5.5%.
Unless they are dividend stocks or something like PULS, a corporate bond ETF, I wouldn’t be buying equities if I already needed care. Unless the idea was to try and make sure I wouldn’t outlive my money. There’s still not enough information to give you decent opinions.
My default is PULS - ultra short corporates. Interest is a little better. Plus no risk of century bond conversion - is that for real?
I like PULS for a place to put cash. It’s an ETF that holds AAA rated ultra short corporate bonds. Pays about 5.5%, monthly dividends you can set to keep reinvesting, so it compounds. Expense ratio 0.21%, actively managed, holds over 100 bonds, as I recall. Price only fluctuates less than a dollar depending on when the dividend is paid. Easy to sell pretty much immediately, when you want.
PULS for me. I don’t trust the treasury department right now lol.
It depends on the bonds. I buy PULS which is ultra short investment grade corporate bonds and very liquid with no real price volatility, at about 5.5%. I don’t like long term bonds, other than some ibonds and EE bonds, which are redeemable after 12 months.
If you want something nearly as risk free as a savings account but with a higher return and still liquid, without price volatility, I suggest PULS. It’s where I keep most of my cash right now. About 5.5% interest, it’s an ETF, pays a monthly dividend and you can set it to reinvest, so it compounds. It high rated ultra short corporate bonds. Expense ratio is (0.21). If you don’t have a brokerage account, I recommend Schwab for the best customer service. They actually have reps in America and it’s not difficult to get to a human who speaks perfect English.
depends on how safe. Short term bonds don't move: $TBIL, $PULS
"Active ETFs" is a broad category that, other than the ARKKs of the world, also includes ultra short bond funds like JAAA, JPST, and PULS, covered call like JEPI, and all the buffer funds out there (there are a lot). So this story might as well read "ETFs continue to see inflows".
I have reduced my exposure to equities and invested the proceeds in short term fixed income ETFs: GSY, PULS, MINT, GSST.
Citibank is on sale and has a 3.10% dividend. JPM is at a good discount, too. Instead of drip, I’m looking at what’s on sale every month. And I will wait for the stuff I bought that was overpriced to go back up. And keep most in cash/bonds. Liking PULS right now. Monthly dividend over 5%.
Not sure what you mean by ETFs. I just sold all my assets in SP500 ETF (IVV) and moved into money market ETF (PULS).
PULS will have more yield but not risk free. I'll take a look. Given how manic Trump is, tariffs could end tomorrow and markets will run. Stick will quality for now.