Prices as of 08/19/2025
MARKET PRICE
$50.35
$0.12
(0.24%)
52 WK: $0.00 / $50.78
NAV PRICE
$50.31
$0.14
(0.28%)
52 WK: $0.00 / $50.67
YTD as of 08/19/2025
YTD RETURN (MARKET PRICE)
—%
YTD RETURN (NAV PRICE)
—%
NET ASSETS
$75,460,730
TOTAL ANNUAL EXPENSE RATIO
0.25%
Objective

Seeks to provide total return through a combination of current income and capital appreciation by investing at least 80% of its assets in corporate bonds. The Fund may be appropriate for investors seeking income from yields that corporate bonds offer.

DAILY PERFORMANCE
AS OF 08/19/2025
Daily Performance of Daily Performance Value
Bid/Ask Spread 50.29 / 50.40
30 Day Median Bid/Ask Spread (%) 0.18
Bid/Ask (%) 0.22
Market Price ($) 50.35
Market Price Change ($)
0.12
Market Price Change (%) 0.24
NAV Price ($) 50.31
NAV Price Change ($)
0.14
NAV Price Change (%) 0.28
Premium / Discount (%) 0.09
AS OF 08/19/2025
YTD Return-Market Price (%)
YTD Return-NAV Price (%)
Fund Information
AS OF 08/19/2025
Fund Information Fund Information Value
Ticker PCL
Net Assets 75,460,730
Asset Class Fixed Income
Benchmark Bloomberg U.S. Corporate 10+ Year Index
CUSIP 69344A735
Shares Outstanding 1,500,000
Trading Volume 6
Fiscal Year End 08/31
Exchange Cboe BZX
Options Available No
Inception Date 07/29/2025
Management Style Active
CHARACTERISTICS & FEES
AS OF 07/31/2025
Name
Weight
Name
Weight
FI Average Maturity (years) 24.8
FI Duration (yrs) 12.3
Standard Deviation (3 year)
Total Annual Expense Ratio (%) 0.25

 

Change shows the change in $U.S. value over the previous day:Gain= Gain, Loss= Loss,  No Change = No Change.

See Prices of other PGIM ETFs.

*Used with permission. © 2025 Dow Jones & Company, Inc. Source: Barron’s, Feb. 27, 2025. Barron’s rankings are based on asset-weighted returns in funds in five categories: U.S. Equity; World Equity; Mixed Asset; Taxable Bond; and Tax-Exempt (each a “Barron’s ranking category”). Rankings also take into account an individual fund’s performance within its Lipper peer universe. Lipper calculated each fund’s net total return for the year ended Dec. 31, 2024, minus the effects of 12b-1 fees and sales charges. Each fund in the survey was given a percentile ranking, with 100 the highest and 1 the lowest in its category. That ranking measured how a fund compared with its peer “universe,” as tracked by Lipper, not just the funds in the survey. Individual fund scores were then multiplied by the 2024 weighting of their Barron’s ranking category as determined by the entire Lipper universe of funds. Those fund scores were then totaled, creating an overall score and ranking for each fund family in the survey in each Barron’s ranking category. To qualify for the ranking, firms must offer at least three active mutual funds or actively run ETFs in Lipper’s general U.S. Stock category; one in World Equity; and one Mixed Asset. They also need to offer at least two taxable bond funds and one national tax-exempt bond fund. All funds must have a track record of at least one year.

Total Returns(%)

as of
View:
TOTAL RETURNS (%)
Cumulative Average Annual
YTD 1-Mo 3-Mo 1-Yr 3-Yr 5-Yr 10-Yr Since Inception

See Performance of other PGIM ETFs.

Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost.

Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the Fund. You may incur brokerage commissions when buying and selling shares on an exchange or through your financial intermediary, which may reduce returns. Market returns are based upon the closing price or the midpoint of the bid/ask spread, as applicable, at the time when the Fund’s NAV is determined (normally 4:00 p.m. Eastern time), and do not represent the returns you would receive if you traded shares at other times. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. All returns 1-year or less are cumulative.

PREMIUM / DISCOUNT

Date Historical Premium Discount
Premium / Discount (%) Number of Days at Premium
08/19/2025 0.09
08/18/2025 0.13
08/15/2025 0.11
08/14/2025 0.25
08/13/2025 0.22
08/12/2025 0.30
08/11/2025 0.19
08/08/2025 0.04
08/07/2025 0.11
08/06/2025 0.21
08/05/2025 0.13
08/04/2025 0.12
08/01/2025 0.00
07/31/2025 0.00
07/30/2025 0.00
07/29/2025 0.00
07/24/2025 0.00
07/23/2025 0.00
Historical Premium Discount
Previous Calendar Year (2024)
1st Quarter
2nd Quarter
3rd Quarter (QTD)
4th Quarter
Number of Days at Premium
12
Number of Days at Discount
Number of Days above or below 2%

NAV (Net Asset Value) prices are used to calculate market price performance prior to the date when the fund first traded on the NYSE Arca, Inc. (NYSE Arca). Market price performance is determined using the close at 4:00 p.m. Eastern time, when the NAV is typically calculated. Since shares of the Fund did not trade in the secondary market until after the Fund inception (07/29/2025), for the period from inception to the first day of secondary trading (08/01/2025), the NAV of the Fund is used as a proxy for the market price to calculate market returns.  Market Price is determined using the midpoint between the highest bid and the lowest offer reported to the consolidated tape, as of the time that each Funds NAV is calculated. In the event this is not available, the midpoint between the highest bid and the lowest offer on the listing exchange is used. NAV Price is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV price. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. The Fund is subject to management fees and other expenses. The trading prices of the Fund’s shares in the secondary market generally differ from the Fund’s daily NAV and are affected by market forces such as supply and demand, economic conditions and other factors. 

Yields (%)

Yields Yields Value
SEC 30-Day Subsidized Yield 07/31/2025
SEC 30-Day Unsubsidized Yield 07/31/2025
NAV Distribution Yield 08/01/2025

See Yields of other PGIM ETFs.

PORTFOLIO

© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.

All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. This is not a recommendation to buy or sell any security listed.

Most Recent Distributions

AS OF 08/19/2025
Historical Distributions
Ex Date Record Date Payable Date Distribution Type Distribution
No Data to Display

ABOUT

PGIM Fixed Income is the largest public fixed income asset management unit of PGIM, Inc. (PGIM), a registered investment adviser, and serves as the Fund's subadviser. It is one of the most experienced fixed income managers in the United States, with $862 billion in assets under management as of March 31, 2025. PGIM Fixed Income offers a disciplined investment and risk management process, in-depth sector expertise, and one of the most sophisticated research organizations in the industry. PGIM Fixed Income or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928. David Del Vecchio, Rajat Shah, Matthew Csontos, Lee Friedman, and Paul Zetterstrom of PGIM Fixed Income are primarily responsible for management of the PGIM Corporate Bond 10+ Year ETF. 

David Del Vecchio
David Del Vecchio

Co-Head of U.S. Investment Grade Corporate Bonds

|

PGIM Fixed Income

|

Newark

David Del Vecchio's Biography

Prudential Tower, 655 Broad Street, Newark, NJ, United States

Rajat Shah, CFA
Rajat Shah, CFA

Principal and Portfolio Manager for PGIM Fixed Income's Investment Grade Corporate Team

|

PGIM Fixed Income

Rajat Shah, CFA, is a Principal and portfolio manager for PGIM Fixed Income's Investment Grade Corporate Team and is responsible for our global corporate strategy.

Matthew Csontos
Matthew Csontos

Vice President and Portfolio Manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team

|

PGIM Fixed Income

Matthew Csontos is a Vice President and portfolio manager for PGIM Fixed Income's U.S. Investment Grade Corporate Bond Team.

Lee Friedman, CFA
Lee Friedman, CFA

Principal and Portfolio Manager for PGIM's Fixed Income's U.S. Investment Grade Corporate Bond Team

|

PGIM Fixed Income

Lee Friedman, CFA, is a Principal and portfolio manager for PGIM Fixed Income’s U.S. Investment Grade Corporate Bond Team.

Paul Zetterstrom, CFA
Paul Zetterstrom, CFA

Portfolio Manager, U.S. Investment Grade Corporate Bonds

|

PGIM Fixed Income

|

Newark

Paul Zetterstrom, CFA's Biography

Prudential Tower, 655 Broad Street, Newark, NJ, United States

Fund Literature

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ETF shares are not individually redeemable from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants in creation units only.

As an actively managed exchange traded fund (ETF), the Fund is subject to risks involved with: actively and frequently trading; ETF shares trading risk (including the risk of the shares trading at a premium or discount to net asset value or the lack an active trading market); authorized participant concentration risk; the risk of transacting in cash versus in-kind; as well as the risk of increased expenses and the cost of buying or selling shares through a broker. As a new and relatively small fund with limited operating history, the Fund is subject to the risk that its performance might not represent how it may perform long term and investments may have disproportionate impact on performance. The Fund may invest in high yield (“junk”) bonds, which are subject to greater credit and market risks; mortgage-backed and asset-backed securities, which are subject to prepayment, extension, and interest rate risks; and derivative securities, which may carry market, credit, and liquidity risks. The Fund may not be invested in all sectors at a given time. Fixed income investments are subject to credit, market, and interest rate risks (including duration risk, prepayment risk, and extension risk), and their value will decline as interest rates rise; call and redemption risk, where the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income; liquidity risk, which exists when particular investments are difficult to sell; emerging markets risk, which exposes the Fund to greater volatility and price declines. The Fund may invest in foreign securities, which generally involve more risk than investing in U.S. issuers, including political, legal, and economic uncertainty; structured products, which are subject to issuer repayment and counterparty risk. The Fund may be subject to management risk, where the value of your investment may decrease if judgments by the subadviser are incorrect; economic and markets event risk, meaning that events in global financial markets could result in high market volatility, market disruption and geopolitical risks, meaning that international wars or conflicts and geopolitical developments including terrorist attacks and outbreaks of infectious diseases could negatively impact interest rates, market volatility and security pricing, and market risk, where the value of investments may decrease and securities markets are volatile. U.S. government and agency securities and U.S. Treasury bills are backed by the full faith and credit of the U.S. government, are less volatile than equity investments, and provide a guaranteed return of principal at maturity. Large shareholders could subject the Fund to large scale redemption risk. Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund’s share price volatility. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. There is no guarantee the Fund’s objective will be achieved.

 

Bid/Ask Spread is the amount by which the ask price exceeds the bid price for an asset in the market. The Bid/Ask Spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept to sell it. 30 Day Median Bid/Ask Spread (%) is computed by first identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days. Next, the difference is divided between each such bid and offer by the midpoint of the national best bid and national best offer. Finally, the median of those values is identified and expressed as a percentage rounded to the nearest hundredth. Market Price and NAV Price Daily YTD Returns are reported as Inception To Date return for funds before they pass the first calendar year end of operation. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times. Market Price and Market Price Change are reported as midpoint of the bid/ask spread reported to the consolidated tape. In the event this is not available, the midpoint of the bid/ask spread on the listing exchange is used. Premium/Discount is the percent difference between the Market price and the NAV price. Average Maturity is the average number of years to maturity of the Fund’s bonds. Effective Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Credit Quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period. See the Fund's Annual Report (when available) for full information on expenses. NAV Distribution Yield measures the amount of net income that has been distributed over the previous 30 days divided by the fund's average net asset value for the period. The calculation excludes the effect of any non-recurring or special income distributions. All data is unaudited and subject to change.

Source: NYSE Arca, Bank of New York Mellon, Lipper, Inc., Morningstar, Inc. and PGIM, Inc. (PGIM). PGIM is a Prudential Financial company. 

Total return describes the return to the investor after net operating expenses but before any sales charges or brokerage commission are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.

© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.

Although Prudential may obtain data included above from sources that it considers reliable, all data contained herein is provided “as is” and Prudential makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Prudential expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.

Bloomberg U.S. Corporate 10+ Year Index measures the performance of the investment grade, USD-denominated, fixed-rate, taxable corporate bond market securities with maturities of 10 years and greater.

An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.

BLOOMBERG® is a trademark and service mark of Bloomberg Finance L.P. and its affiliates (collectively “Bloomberg”). Bloomberg or Bloomberg’s licensors own all proprietary rights in the Bloomberg Indices. Bloomberg neither approves nor endorses this material, or guarantees the accuracy or completeness of any information herein, or makes any warranty, express or implied, as to the results obtained therefrom and, to the maximum extend allowed by law, neither shall have any liability or responsibility for injury or damages arising in connection therewith.

The CUSIP information contained in pgimfunds.com and/or prudential.com consists of security identifiers and related descriptive information (“the CUSIP Database”) and is protected under the copyright laws and is licensed with permission from CUSIP Global Services (“CGS”), on behalf of the American Bankers Association (“ABA”).

VISITOR agrees and acknowledges that the CUSIP Database and the information contained therein is and shall remain valuable intellectual property owned by, or licensed to, CGS and ABA, and that no proprietary rights are being transferred to VISITOR in such materials or in any of the information contained therein by virtue of VISITOR’s use of Subscriber’s Web Site. Any use of the CUSIP Database by VISITOR outside of the clearing and settlement of transactions may require a license from CGS, along with an associated fee based on usage.

VISITOR agrees that misappropriation or misuse of such materials will cause serious damage to CGS and ABA, and that in such event, money damages may not constitute sufficient compensation to CGS and ABA; consequently, VISITOR agrees that in the event of any misappropriation or misuse, CGS and ABA shall have the right to obtain injunctive relief in addition to any other legal or financial remedies to which CGS and ABA may be entitled.

VISITOR agrees that VISITOR shall not publish or distribute in any medium the CUSIP Database or any substantial portion of the information contained therein or summaries or subsets thereof to any person or entity unless permitted by a direct agreement with CGS. VISITOR may not create or maintain a master file or database of CUSIP identifiers or descriptions for itself or any third party recipient that is intended to serve as a substitute for any CUSIP service.

VISITOR agrees not to:

(a) Violate the restrictions in any robot inclusion headers on the Subscriber Web Site or in any way bypass or circumvent any other measure employed to limit or prevent access to the CUSIP Database on the Subscriber Web Site;

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VISITOR agrees that the foregoing terms and conditions shall survive any termination of its right of access to the materials identified above.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.

INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate. 

Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.

4692800    Ed. 07/2025