PCS Fees and Costs — PGIM Corporate Bond 0-5 Year ETF
Data updated: 2026-07-27
The net expense ratio is 0.20%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $259 in broker commissions, 0.0114% of average net assets, and portfolio turnover was 14%.
PCS Fees and Expenses
Annual operating expenses and sales charges of PCS. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.20% |
| Fee waiver | — |
| Net expense ratio | 0.20% |
| 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 |
PCS Costs Over Time
On $10,000 invested in PCS, assuming 5% a year before costs, total costs come to $134 over 5 years, cutting the return by 0.22% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $22 | $73 | $134 |
| Value after costs | $10,478 | $11,503 | $12,628 |
| Impact on return, per year | 0.22% | 0.22% | 0.22% |
PCS 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): 0.0114%
- Total broker commissions: $259
- Bought from dealers (principal trades, not a cost): $147.1M
- Portfolio turnover (prospectus): 14%
- Securities lending: none during the year
PCS Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $259 | 100.00% |
PCS Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $54.2M | 37.06% |
| BOFA SECURITIES, INC. | $36.3M | 24.81% |
| GOLDMAN SACHS & CO. LLC | $22.6M | 15.47% |
| MORGAN STANLEY & CO. LLC | $19.7M | 13.50% |
| WELLS FARGO SECURITIES, LLC | $8.0M | 5.49% |
| CitiGroup Global Markets Inc. | $1.8M | 1.21% |
| BNP PARIBAS SECURITIES CORP. | $1.3M | 0.89% |
| Jane Street Execution Services, LLC | $1.0M | 0.71% |
| STONEX FINANCIAL INC. | $690K | 0.47% |
| SumRidge Partners, LLC | $574K | 0.39% |
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.