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About PGIM Corporate Bond 10+ Year ETF
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Inception date
Aug 1, 2025
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A7357
PCL offers global exposure to investment grade, long-term corporate debts. The fund primarily invests in bonds issued by US and non-US corporations with maturities of 10 years or more. The sub-adviser constructs the portfolio using top-down economic analysis and bottom-up research along with proprietary quantitative models and risk management systems. Particularly, the bottom-up research is used to develop an internal rating and outlook on issuers based on their financial health and trends. Other investment factors such as expected total return, yield, spread, and potential for price appreciation are also considered. The fund seeks to maintain a weighted average portfolio duration within a year of the Bloomberg US Corporate 10+ Years Index. Buy and sell investment decisions are based on the sub-advisers fundamental credit research, market conditions, interest rates, and general economic factors. The fund is actively managed, may use derivatives, and engages in active trading.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Corporate
Bonds, Cash & Other100.00%
Corporate93.06%
Government5.46%
Municipal1.29%
Mutual fund0.12%
Cash0.06%
Stock breakdown by region
North America97.66%
Europe2.34%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PCL invests in bonds. The fund's major sectors are Corporate, with 93.06% stocks, and Government, with 5.46% of the basket. The assets are mostly located in the North America region.
PCL top holdings are United States Treasury Bond 4.75% 15-FEB-2045 and JPMorgan Chase & Co. 5.4% 06-JAN-2042, occupying 3.64% and 3.15% of the portfolio correspondingly.
Yes, PCL pays dividends to its holders with the dividend yield of 5.34%. The last dividend (Sep 4, 2025) amounted to 0.23 USD. The dividends are paid monthly.
PCL shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on Aug 1, 2025, and its management style is Active.
PCL expense ratio is 0.25% meaning you'd have to pay 0.25% of your investment to help manage the fund.
PCL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PCL invests in bonds.
PCL trades at a premium (0.12%) meaning the ETF is trading at a higher price than the calculated NAV.