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PULS vs TFLO: Differences, Returns & Fees

PULS's duration was 0.7 years on May 29, 2026 and TFLO's 0.0 on Jul 31, 2026; both charge 0.15%. Net assets: $19.8bn on Oct 19, 2026 for PGIM Ultra Short Bond ETF, and $7.2bn on Oct 20, 2026 for iShares Treasury Floating Rate Bond ETF.

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Answers cite the figures on this page.

Both cost 0.15% a year; their one-year returns differ by 0.1 points; PULS is 2.8 times larger.

Points (pts) are percentage points.

PULS vs TFLO: Differences, Returns & Fees
PULSTFLO
Expense ratio0.15%0.15%
Net assets, as of Oct 19, 2026$19.8bn$7.2bn
Total return, 1 year+4.1%+4.0%
What it tracksNo index, actively managedBloomberg U.S. Treasury Floating Rate Index
Holdings in commonreport dates differ

Holdings in common uses holdings dated May 29, 2026 and Jul 31, 2026.

+4.1%
PULS total return, 1 year
+4.0%
TFLO total return, 1 year
0.15%
PULS expense ratio
0.15%
TFLO expense ratio

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Client brief · page 1 of 2Report BR-C0FF317725

PULS and TFLO are built for the same job. How do they differ in cost, holdings and results?

  1. What each follows. PULS follows No index, actively managed and TFLO follows Bloomberg U.S. Treasury Floating Rate Index.
  2. Number of holdings. PULS holds 553 positions and TFLO holds 8.
  3. One-year total return (similar). Over 1 year to Oct 20, 2026 PULS returned +4.1% and TFLO +4.0% with distributions reinvested, a gap of 0.1 points.

Data as of Oct 20, 2026. The differences are picked by a fixed rule, in a fixed order; the PDF prints it. Page 2 has the returns, overlap, risks and sources.

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On the same fields

PULS
PGIM Ultra Short Bond ETF
TFLO
iShares Treasury Floating Rate Bond ETF
Where it sits Bond ETF Bond ETF
Issuer PGIM iShares
What it is Actively managed Tracks an index
Total return, 1 year +4.1% +4.0%
Its benchmark over the same days not measured +4.0% (USFR)
Gap to its benchmark not measured −0.1 pts vs USFR
Expense ratio 0.15% 0.15%
Holdings 553 8
Net assets, PULS as of Oct 19, 2026 and TFLO as of Oct 20, 2026 $19.8bn $7.2bn

PULS and TFLO on the fields both publish, as of Oct 20, 2026. Source: ETFIQ.

About PULS

PULS is actively managed and tracks no index. Over the year to Oct 20, 2026 it returned +4.1% with distributions reinvested. The prospectus expense ratio is 0.15% a year.

About TFLO

TFLO tracks an index. Over the year to Oct 20, 2026 it returned +4.0% with distributions reinvested, against +4.0% for its benchmark, the Bloomberg U.S. Treasury Floating Rate Index.

Questions people ask

Which returned more over the last year, PULS or TFLO?
In the year to Oct 20, 2026, with distributions reinvested, PULS returned +4.1% and TFLO +4.0%.
Which is cheaper, PULS or TFLO?
Neither: PULS and TFLO both charge 0.15% a year. Fees come from each fund's prospectus.
Other comparisons
PULS vs TBILFTSM vs PULSGBIL vs PULSICSH vs PULSTFLO vs USFRTFLO vs VBILFLOT vs TFLOTFLO vs VUSB
PULS on its own →TFLO on its own →Hold both: look the portfolio through →Rankings →PULS dividend history →PULS holdings →TFLO dividend history →TFLO holdings →Standards and sources →
Where these figures came from
PULS filings on SEC EDGAR ↗PULS prospectus with the expense ratio (SEC) ↗PGIM website ↗TFLO filings on SEC EDGAR ↗TFLO prospectus with the expense ratio (SEC) ↗iShares page for TFLO ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

Cite this pageCitation, APA and Markdown

ETFIQ, PULS against TFLO, data as of Oct 20, 2026. https://etfiq.com/compare/any/puls-vs-tflo

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.