Data as of Sep 12, 2026. Both funds on the fields they both publish, from the same sources.

ETFIQetfiq.com · independent ETF data

IALT vs PULS: how they differ

IALT and PULS hold 0% of their weight in the same names.

iShares Systematic Alternatives Active ETF and PGIM Ultra Short Bond ETF.

What they hold in common

By the books each fund has filed, IALT and PULS hold 0% of their money in the same securities at the same weight.

Largest positions each one holds and the other does not
Only in IALT	Only in PULS
Intercontinental Exchange, Inc. 17.26%	PGIM ETF Trust 2.38%
PRIME SECSRVC BRW/FINANC 1.29%	GLENCORE FUNDING LLC 0.98%
PHINIA INC 0.94%	Alexandria Real Estate Equities, Inc. 0.87%
DISH DBS CORP 0.21%	ABN AMRO BANK NV 0.75%
DISH DBS CORP 0.19%	BX TRUST 2022-LBA6 0.68%
DISH DBS CORP 0.10%	FEDERATION DES CAISSES DESJARDINS DU QUE 0.67%
	BX TRUST 2018-BILT 0.56%
	BROADCOM INC 0.56%

Weight overlap is an ETFIQ calculation: for every security both funds hold, the smaller of the two weights, summed. Above 50%, holding both is close to holding one of them twice. Holdings dated Apr 30, 2026 and May 29, 2026.

IALT and PULS on the fields both publish, as of Sep 12, 2026. Source: ETFIQ.
	IALT iShares Systematic Alternatives Active ETF	PULS PGIM Ultra Short Bond ETF
Where it sits	Core index fund	Core index fund
Issuer	iShares	PGIM
What it is	Systematic Alternatives Active	PGIM Ultra Short Bond
Total return, 1 year	+17.4%	+4.2%
S&P 500 over the same days	+12.1%	+17.5%
Gap to the S&P 500	+5.4 pts	−13.3 pts
Expense ratio	not published	0.15%
Holdings	8	553

IALT in plain words

IALT is an index equity fund tracking the Systematic Alternatives Active. By its holdings filed for Apr 30, 2026, 55% of the fund by weight is stocks the S&P 500 also holds, across 8 positions, with the top ten at 100.0%.

PULS in plain words

PULS is a cash and treasury bills tracking the PGIM Ultra Short Bond. Over the year to Sep 11, 2026 it returned +4.2% with distributions reinvested, against +17.5% for the S&P 500 and +23.0% for the Nasdaq-100. The prospectus expense ratio is 0.15% a year.

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Where these figures came from

ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.

IALT against PULS, ETFIQ, data as of Sep 12, 2026. Every figure is arithmetic on a named public source; the method is at etfiq.com/methodology. A comparison is not a recommendation.

Cite this page. ETFIQ, IALT against PULS, data as of Sep 12, 2026. https://etfiq.com/compare/any/IALT-PULS Free to use with attribution; the underlying files are at Open data.

A comparison is not a recommendation. Standards and sources