PCL

Issuer

PGIM

Inception

2025-07-29

Exchange

CBOE

CUSIP

69344A735

Structure

—

Benchmark

—

Leverage

1x

Reset

—

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.

Reported net asset value

$46.76

NAV provider updated

2026-10-30 UTC

Premium / discount

—

Median spread · 30D

—

Average volume · 30D

857.9

Shares outstanding

—

Options

—

TTM distribution yield

6.1%

30-day SEC yield

—

Frequency

—

Latest ex-date

2026-10-30

Distribution yield and SEC yield use different methodologies. Payouts may include income, capital gains, or return of capital.

Net expense ratio

0.25%

Gross expense ratio

—

Management fee

—

Annual cost per $10,000

$25.00

Estimated annual expense excludes trading costs and assumes constant assets. Fee waivers and fund costs can change.

Our risk indicator

2/5 · rule-based

Annualized volatility · 1Y

8.40%

Beta vs VOO · 1Y

—

Maximum drawdown · 1Y

▼ −9.2%

Historical risk measures describe past behavior and do not predict future returns.