IGIB vs PCI

IGIBAiShares 5-10 Year Investment Grade Corporate Bond ETF

PCIBPGIM Corporate Bond 5-10 Year ETF

In short

IGIB A precision tool, not a catch-all: IGIB owns only the 5-to-10-year slice of the US investment-grade corporate market, about 3,000 bonds deep, for 0.04% a year. Trading since 2007.

PCI The 5-to-10-year corporate belly is index-tracker country. PCI is PGIM's active counter-take: a credit team choosing the bonds instead of buying the benchmark as issued, with income paid monthly.

Stated mandate

IGIB The fund seeks to track an index of U.S. dollar-denominated investment-grade corporate bonds with remaining maturities of five to ten years.

PCI The fund seeks total return through a combination of current income and capital appreciation, primarily by investing in corporate bonds.

Why people hold it

• IGIB Four basis points a year (0.04%), a fraction of the typical fund in its investment-grade corporate group, and it has tracked its ICE BofA index closely.
• A maturity dial, not a grab bag: this is the 5-10 year rung, with sibling IGSB covering 1-5 years at the same 0.04% fee.ishares.com
• About 3,000 bonds spread issuer risk thin, and income is paid monthly.
• A multi-billion-dollar fund that has been trading since 2007 and changes hands actively.

• PCI Actively managed, so the team can lean toward or away from individual issuers rather than owning the index exactly as it was built.pgim.com
• The portfolio matches the brief on the tin: corporate bonds in the intermediate maturity range, no style drift into other credit corners.
• Total return mandate pairs current income with capital appreciation, and cash goes out on a monthly cadence.
• Sits in the upper half of a crowded investment-grade corporate field despite being one of its newest entrants.

Worth knowing

• IGIB Five-to-ten-year bonds move more with interest rates than short-dated credit such as IGSB's 1-5 year band. That duration is the point, and the trade-off.
• Pure corporate credit, no Treasuries in the mix, so company credit risk rides along with the rate risk.ishares.com
• VCIT sits a basis point lower at 0.03% in the same intermediate-corporate lane.

• PCI At 0.25% a year, it costs several times what index heavyweights like VCIT and IGIB charge. That gap is the bar active credit picking has to clear.
• Launched in 2025, so there is no long record here and the process has not been watched through a full credit cycle.
• Trading footprint is thinner than the index giants in this space, which can mean wider spreads at the moment you transact.

Full IGIB profile⁠

Full PCI profile⁠