C000012442 Fees and Costs — PGIM Jennison 20/20 Focus Fund, Class A
Data updated: 2022-02-10
The net expense ratio is 1.20%: a 0.75% management fee, a 0.30% 12b-1 fee plus 0.15% other expenses. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $349K in broker commissions, 0.0310% of average net assets, and portfolio turnover was 74%.
C000012442 Fees and Expenses
Annual operating expenses and sales charges of C000012442. Prospectus, as of January 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.20% |
| Fee waiver | — |
| Net expense ratio | 1.20% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| 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 |
C000012442 Costs Over Time
On $10,000 invested in C000012442, assuming 5% a year before costs, total costs come to $1,426 over 5 years, cutting the return by 2.46% 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 | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.20%) | $119 | $371 | $641 |
| Trading costs (broker commissions) | $3 | $10 | $17 |
| Lost growth on money paid in costs | $27 | $106 | $219 |
| Total costs | $798 | $1,036 | $1,426 |
| Value after costs | $9,702 | $10,541 | $11,337 |
| Impact on return, per year | 7.98% | 3.23% | 2.46% |
C000012442 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0310%
- Total broker commissions: $349K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 74%
- Securities on loan, average value: $18.1M
- Net income from securities lending: $43K (0.004% of average net assets)
C000012442 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $37K | 16.37% |
| MORGAN STANLEY & CO. LLC | $35K | 15.49% |
| Cowen and Company, LLC | $24K | 10.38% |
| EVERCORE GROUP L.L.C. | $22K | 9.57% |
| CITIGROUP GLOBAL MARKETS INC. | $22K | 9.57% |
| GOLDMAN SACHS & CO. LLC | $21K | 9.02% |
| CREDIT SUISSE SECURITIES (USA) LLC | $19K | 8.48% |
| BOFA SECURITIES, INC. | $18K | 7.88% |
| VIRTU AMERICAS LLC | $16K | 6.96% |
| RBC CAPITAL MARKETS, LLC | $14K | 6.28% |
C000012442 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $1.4M | 80.06% |
| GOLDMAN SACHS & CO. LLC | $341K | 19.94% |
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.