PCL vs ZTEN: Grades, Fees and Holdings Compared

PGIM Corporate Bond 10+ Year ETF

PCLCCboe

F/M 10-Year Investment Grade Corporate Bond Etf

ZTENBNasdaq

Overlap

No data

Expense ratio

ZTEN −0.10pt a year

PCL0.25%ZTEN0.15%

Avg volume · 30D

PCL 1.3×the volume

PCL2.73KZTEN2.16K

PCL vs ZTEN Performance

Nov 3, 2025 – Nov 3, 2026

−3.3%PCL−0.9%ZTEN

Expense ratio: PCL 0.25%; ZTEN 0.15%, better
Fund size: PCL $72M; ZTEN $29M
1Y total return: PCL −3.3%; ZTEN −0.9%, better
Yield (12M): PCL 6.15%, better; ZTEN 5.33%
Holdings: PCL 187; ZTEN 228
Avg volume (30D): PCL 2.73K sh, better; ZTEN 2.16K sh
NAV per share: PCL $46.68; ZTEN $48.32
52W range

ETF.net Grade

Pillar letters and Scores for PCL, ZTEN, with each pillar’s weight
Pillar	PCL	ZTEN
Cost30% weight	F14	C47Higher
Mission25% weight	A100Higher	A89
Risk15% weight	C45	B61Higher
Tradability15% weight	D34	D37Higher
Holdings10% weight	F24	B56Higher
Durability5% weight	D34	C43Higher

Rank among Investment Grade Corporate (10+ Year) funds

How we build Categories ›

Same Category. PCL and ZTEN 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 ›

ZTEN ranks 4th 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 4BZTENF/M 10-Year Investment Grade Corporate Bond EtfScore 58
Rank 5BLKORNorthern Trust Credit-Scored US Long Corporate Bond ETFScore 57
Rank 6CBBBLBondBloxx BBB Rated 10+ Year Corporate Bond ETFScore 50
Rank 7CPCLPGIM Corporate Bond 10+ Year ETFScore 44

Our read on each fund

ETF.net Research

PCLCPGIM Corporate Bond 10+ Year ETF

ZTENBF/M 10-Year Investment Grade Corporate Bond Etf

In short

PCL No data

ZTEN Most corporate bond funds smear across a maturity range. ZTEN parks on one point of the curve: investment-grade corporates with roughly nine and a half to ten and a half years left, held in even slices and refreshed monthly.

Stated mandate

PCL No data

ZTEN The fund seeks to track, before fees and expenses, the price and yield performance of the ICE 10-Year US Target Maturity Corporate Index.

Why people hold it

PCL No data

ZTEN Precision instead of a range: it targets bonds within about six months either side of the 10-year mark, so the exposure stays a 10-year exposure rather than drifting shorter.fminvest.com
Even weighting across holdings, which keeps the biggest serial borrowers from swallowing the portfolio the way they can in size-weighted corporate indexes.fminvest.com
0.15% a year, below the typical investment-grade corporate ETF fee, with income paid monthly.
Roughly 300 developed-market investment-grade bonds under the hood, so any single issuer stumble lands as a small slice, not a headline.

Worth knowing

PCL No data

ZTEN The broad index giants cost a fraction of this. VCIT and IGIB run in the low single-digit basis points, but they spread across a maturity band instead of one target year.
Launched in 2024, still a small fund and thinly traded, so spreads can be wider than in the mega-funds and hurried orders can print away from fair value.
Ten-year paper swings more with rates than short-dated corporate funds like IGSB. That is the price of sitting further out on the curve.

Full PCL profile⁠

Full ZTEN profile⁠

PCL vs ZTEN Holdings

How PCL and ZTEN differ

No overlap figure

Two bond funds rarely hold the same issues.

Level by level

Sector3 Sectors91.1%
Countryby domicile96.1%
Asset classFixed Income100%

Sector

Sector weights in PCL and ZTEN, widest gap first
Sector	Gap	PCL	ZTEN
Corporate	ZTEN +8.9 points	91.1%	100.0%
Government	PCL +7.7 points	7.7%	0.0%
Municipal	PCL +1.3 points	1.3%	0.0%

Country, concentration and asset class

Country by domicile

Country weights in PCL and ZTEN, widest gap first
Country	Gap	PCL	ZTEN
Norway	PCL +1.2 points	1.2%	0.0%
Australia	ZTEN +0.8 points	0.0%	0.8%
United States	PCL +0.8 points	89.8%	89.0%
United Kingdom	ZTEN +0.8 points	0.5%	1.3%
Switzerland	PCL +0.6 points	0.6%	0.0%
Other countries (10)	ZTEN +1.0 points	7.9%	8.9%

Concentration

Weight in the 10 largest Holdings

PCL23.2%
ZTEN5.6%

Securities held

PCL144
ZTEN227

Asset class

PCL: Fixed Income
ZTEN: Fixed Income

Holdings

Two bond funds rarely hold the same issues, so this page lists no shared Holdings. PCL holds 144 securities, ZTEN 227.

All PCL holdings⁠All 228 ZTEN 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 ZTEN Cost

Overpaying PCL vs ZTEN

$2,022

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

PCL 0.25%
$5,159
ZTEN 0.15%
$3,137

Amount$10,000

Years30 years

Cost over time

PCL 0.25%
ZTEN 0.15%
Overpaying

Year by year

Year	PCL	ZTEN	Overpaying
10	$455	$274	$181
20	$1,769	$1,071	$698
30	$5,159	$3,137	$2,022

Expense ratio

0.25%PCL
0.15%ZTEN, cheaper

ZTEN0.15%PCL0.25%

0.03%0.25%

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

ZTEN 4th cheapest of 7 funds

PCL 7th cheapest of 7 funds

PCL vs ZTEN Dividends

Last 12 months to Nov 3, 2026

Yield (12M): PCL 6.15%, better; ZTEN 5.33%
Payout (12M): PCL $2.86; ZTEN $2.57
Last payment: PCL $0.23; ZTEN $0.23
Ex-dividend: PCL Oct 30, 2026; ZTEN Oct 27, 2026
Paid on: PCL Nov 3, 2026; ZTEN Oct 28, 2026
Frequency: PCL Monthly; ZTEN Monthly

Distribution history

Per share, 2024 to 2026, same scale for both

PCLMonthly · 15 paymentsAll PCL payments⁠

ZTENMonthly · 33 paymentsAll ZTEN payments⁠

PCL vs ZTEN 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 2025ZTEN 5.7%since Feb 2024
Return per unit of riskSharpe ratio, 3 years: PCL −0.43since Sep 2025ZTEN −0.11since Feb 2024
Worst fallMax drawdown, 5 years: PCL −9.2%since Aug 2025ZTEN −5.8%since Jan 2024
Market sensitivityBeta, 5 years: PCL 0.23ZTEN 0.20; Market = 1

Popular comparisons

PCLCvsIGLBA
PGIM Corporate Bond 10+ Year ETF · iShares 10+ Year Investment Grade Corporate Bond ETF
Expense ratio
0.25% · 0.04%
Category
ZTENBvsIGLBA
F/M 10-Year Investment Grade Corporate Bond Etf · iShares 10+ Year Investment Grade Corporate Bond ETF
Expense ratio
0.15% · 0.04%
Category
PCLCvsSPLBA
PGIM Corporate Bond 10+ Year ETF · State Street SPDR Portfolio Long Term Corporate Bond ETF
Expense ratio
0.25% · 0.04%
Category
ZTENBvsSPLBA
F/M 10-Year Investment Grade Corporate Bond Etf · State Street SPDR Portfolio Long Term Corporate Bond ETF
Expense ratio
0.15% · 0.04%
Category
PCLCvsVCLTA
PGIM Corporate Bond 10+ Year ETF · Vanguard Long-Term Corporate Bond ETF
Expense ratio
0.25% · 0.03%
Category
ZTENBvsVCLTA
F/M 10-Year Investment Grade Corporate Bond Etf · Vanguard Long-Term Corporate Bond ETF
Expense ratio
0.15% · 0.03%
Category