PCL vs VCLT: Grades, Fees and Holdings Compared

PGIM Corporate Bond 10+ Year ETF

PCLCCboe

Vanguard Long-Term Corporate Bond ETF

VCLTANasdaq

Overlap

No data

Expense ratio

VCLT −0.22pt a year

PCL0.25%VCLT0.03%

Avg volume · 30D

VCLT 1855.3×the volume

PCL2.73KVCLT5.06M

PCL vs VCLT Performance

Oct 31, 2025 – Nov 2, 2026

−3.0%PCL−3.7%VCLT

Expense ratio: PCL 0.25%; VCLT 0.03%, better
Fund size: PCL $72M; VCLT $8.3B
1Y total return: PCL −3.0%, better; VCLT −3.7%
Yield (12M): PCL 6.59%, better; VCLT 6.41%
Holdings: PCL 185; VCLT 2565
Avg volume (30D): PCL 2.73K sh; VCLT 5.06M sh, better
NAV per share: PCL $46.66; VCLT $70.63
52W range

ETF.net Grade

Pillar letters and Scores for PCL, VCLT, with each pillar’s weight
Pillar	PCL	VCLT
Cost30% weight	F14	A80Higher
Mission25% weight	A100	A100
Risk15% weight	C45Higher	C41
Tradability15% weight	D29	B58Higher
Holdings10% weight	F24	A76Higher
Durability5% weight	D35	A88Higher

Rank among Investment Grade Corporate (10+ Year) funds

How we build Categories ›

Same Category. PCL and VCLT are both graded against the same 7 Investment Grade Corporate (10+ Year) funds, so their Grades compare head to head.

Investment Grade Corporate (10+ Year)⁠

Category · 7 funds

See all 7 ›

VCLT ranks 2nd and PCL 7th of 7 funds in the Investment Grade Corporate (10+ Year) Category.

Rank 1AIGLBiShares 10+ Year Investment Grade Corporate Bond ETFScore 80
Rank 2ASPLBState Street SPDR Portfolio Long Term Corporate Bond ETFScore 75
Rank 2AVCLTVanguard Long-Term Corporate Bond ETFScore 75
Rank 4BLKORNorthern Trust Credit-Scored US Long Corporate Bond ETFScore 58
Rank 6CBBBLBondBloxx BBB Rated 10+ Year Corporate Bond ETFScore 51
Rank 7CPCLPGIM Corporate Bond 10+ Year ETFScore 44

Our read on each fund

ETF.net Research

PCLCPGIM Corporate Bond 10+ Year ETF

VCLTAVanguard Long-Term Corporate Bond ETF

In short

PCL No data

VCLT The long end of investment-grade credit, held plain. VCLT tracks an index of corporate bonds with 10+ years left to run, costs three cents per $100 a year, and pays monthly. Maximum rate sensitivity, minimum toll.

Stated mandate

PCL No data

VCLT VCLT seeks to follow a market-weighted corporate bond index with long-term average maturity. It uses passive index sampling, maintains maturity consistent with the index, and normally invests at least 80% of assets in index bonds.

Why people hold it

PCL No data

VCLT 0.03% a year against a 0.19% median for investment-grade corporate bond funds. On a position held for years, that gap is real money.
The pure long lane: the Bloomberg U.S. 10+ Year Corporate Bond Index, while cohort leaders like VCIT, IGIB and IGSB sit short or intermediate.
A multi-billion-dollar fund that trades actively, so entering and exiting rarely means fighting the spread.
Boringly mechanical, which is the point: index sampling, at least 80% of assets in index bonds, monthly distributions, running since 2009.

Worth knowing

PCL No data

VCLT Long maturities swing hard when rates move. This is one of the most rate-sensitive corners of investment-grade credit.
Corporate credit only, roughly 300 bonds. No Treasuries and no short-maturity ballast to cushion a rough stretch.
Sampling means it holds a representative slice of the index rather than every bond in it.

Full PCL profile⁠

Full VCLT profile⁠

PCL vs VCLT Holdings

How PCL and VCLT differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Countryby domicile93.9%
Asset classFixed Income100%

Sector

No Sector split for PCL and VCLT.

Country, concentration and asset class

Country by domicile

Country weights in PCL and VCLT, widest gap first
Country	More in PCLMore in VCLT	PCL	VCLT
Canada	PCL +2.5 points	4.5%	2.0%
United Kingdom	VCLT +1.7 points	0.5%	2.2%
United States	VCLT +1.3 points	89.8%	91.1%
Norway	PCL +1.2 points	1.2%	0.0%
Belgium	VCLT +1.1 points	0.0%	1.1%
Bermuda	PCL +0.8 points	0.8%	0.0%
Australia	VCLT +0.6 points	0.0%	0.6%
Other countries (15)	PCL +0.2 points	3.2%	3.0%

Concentration

Weight in the 10 largest Holdings

PCL23.2%
VCLT3.6%

Securities held

PCL142
VCLT2,559

Asset class

PCL: Fixed Income
VCLT: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. PCL holds 142 securities, VCLT 2,559.

All PCL holdings⁠All VCLT holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

PCL vs VCLT Cost

Overpaying PCL vs VCLT

$4,521

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

PCL 0.25%
$5,159
VCLT 0.03%
$638

Amount$10,000

Years30 years

Cost over time

PCL 0.25%
VCLT 0.03%
Overpaying

Year by year

Year	PCL	VCLT	Overpaying
10	$455	$55	$400
20	$1,769	$216	$1,553
30	$5,159	$638	$4,521

Expense ratio

0.25%PCL
0.03%VCLT, cheaper

VCLT0.03%PCL0.25%

0.03%0.25%

Middle half of Investment Grade Corporate (10+ Year) funds
Median 0.15%

VCLT cheapest of 7 funds

PCL 7th cheapest of 7 funds

PCL vs VCLT Dividends

Last 12 months to Nov 2, 2026

Yield (12M): PCL 6.59%, better; VCLT 6.41%
Payout (12M): PCL $3.09; VCLT $4.49
Last payment: PCL $0.23; VCLT $0.37
Ex-dividend: PCL Oct 30, 2026; VCLT Nov 2, 2026
Paid on: PCL Pays Nov 3, 2026; VCLT Pays Nov 4, 2026
Frequency: PCL Monthly; VCLT Monthly

Distribution history

Per share, 2023 to 2026, same scale for both

PCLMonthly · 15 paymentsAll PCL payments⁠

VCLTMonthly · 46 paymentsAll VCLT payments⁠

PCL vs VCLT Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years: PCL 8.6%since Sep 2025VCLT 11.4%
Return per unit of riskSharpe ratio, 3 years: PCL −0.43since Sep 2025VCLT 0.23
Worst fallMax drawdown, 5 years: PCL −9.2%since Aug 2025VCLT −34.4%
Market sensitivityBeta, 5 years: PCL 0.23VCLT 1.97; Market = 1

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