PCL Fees and Costs — PGIM Corporate Bond 10+ Year ETF
Data updated: 2026-07-27
The net expense ratio is 0.25%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1K in broker commissions, 0.0014% of average net assets, and portfolio turnover was 17%.
PCL Fees and Expenses
Annual operating expenses and sales charges of PCL. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.25% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.25% |
| Fee waiver | — |
| Net expense ratio | 0.25% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
PCL Costs Over Time
On $10,000 invested in PCL, assuming 5% a year before costs, total costs come to $160 over 5 years, cutting the return by 0.26% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.25%) | $26 | $83 | $144 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $4 | $15 |
| Total costs | $26 | $87 | $160 |
| Value after costs | $10,474 | $11,489 | $12,603 |
| Impact on return, per year | 0.26% | 0.26% | 0.26% |
PCL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $81.6M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
PCL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $655 | 55.60% |
| J.P. Morgan Securities LLC | $523 | 44.40% |
PCL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $22.9M | 28.09% |
| BOFA SECURITIES, INC. | $22.5M | 27.52% |
| MORGAN STANLEY & CO. LLC | $11.2M | 13.73% |
| J.P. Morgan Securities LLC | $11.1M | 13.57% |
| GOLDMAN SACHS & CO. LLC | $10.2M | 12.54% |
| CITADEL SECURITIES LLC | $2.7M | 3.33% |
| RAYMOND JAMES & ASSOCIATES, INC. | $675K | 0.83% |
| CitiGroup Global Markets Inc. | $225K | 0.28% |
| Seaport Global Securities LLC | $94K | 0.11% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.