C000012118 Fees and Costs — PGIM Jennison Financial Services Fund, Class B
Data updated: 2026-07-27
The net expense ratio is 2.31%: a 0.75% management fee, a 1.00% 12b-1 fee plus 1.22% other expenses, less a 0.66% fee waiver. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2025 the fund paid $37K in broker commissions, 0.0217% of average net assets, and portfolio turnover was 31%.
C000012118 Fees and Expenses
Annual operating expenses and sales charges of C000012118. Prospectus, as of January 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 1.22% |
| Gross expense ratio | 2.97% |
| Fee waiver | −0.66% |
| Net expense ratio | 2.31% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 5.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000012118 Costs Over Time
On $10,000 invested in C000012118, assuming 5% a year before costs, total costs come to $1,420 over 5 years, cutting the return by 2.45% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $513 | $0 | $0 |
| Fund expenses (net expense ratio 2.31%) | $243 | $746 | $1,276 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $0 | $38 | $132 |
| Total costs | $758 | $791 | $1,420 |
| Value after costs | $9,742 | $10,785 | $11,343 |
| Impact on return, per year | 7.58% | 2.45% | 2.45% |
C000012118 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0217%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $10K (0.006% of average net assets)
C000012118 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $5K | 17.96% |
| KEEFE, BRUYETTE & WOODS, INC. | $4K | 16.15% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $3K | 10.68% |
| DOWLING & PARTNERS SECURITIES LLC | $3K | 9.47% |
| GOLDMAN SACHS & CO. LLC | $3K | 9.40% |
| Canaccord Genuity LLC | $2K | 8.03% |
| RBC CAPITAL MARKETS, LLC | $2K | 7.83% |
| JEFFERIES LLC | $2K | 7.33% |
| EVERCORE GROUP LLC | $2K | 6.82% |
| Guggenheim Securities, LLC | $2K | 6.34% |
C000012118 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.6M | 100.00% |
PGIM Jennison Financial Services Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFSQX | Class R6 | 1.00% | none |
| PFSZX | Class Z | 1.04% | none |
| PFSAX | Class A | 1.31% | 5.50% |
| PSSRX | Class R | 1.59% | none |
| PUFCX | Class C | 2.22% | none |
| C000012118 | Class B | 2.31% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.