C000094912 Fees and Costs — PGIM US Real Estate Fund, Class B
Data updated: 2026-09-28
The net expense ratio is 2.00%: a 0.75% management fee, a 1.00% 12b-1 fee plus 2.39% other expenses, less a 2.14% fee waiver. This share class carries a deferred sales charge of up to 5.00%. In fiscal 2026 the fund paid $234K in broker commissions, 0.1177% of average net assets, and portfolio turnover was 84%.
C000094912 Fees and Expenses
Annual operating expenses and sales charges of C000094912. Prospectus, as of May 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 1.00% |
| Other expenses | 2.39% |
| Gross expense ratio | 4.14% |
| Fee waiver | −2.14% |
| Net expense ratio | 2.00% |
| 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 |
C000094912 Costs Over Time
On $10,000 invested in C000094912, assuming 5% a year before costs, total costs come to $1,295 over 5 years, cutting the return by 2.22% 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 | $514 | $0 | $0 |
| Fund expenses (net expense ratio 2.00%) | $210 | $648 | $1,110 |
| Trading costs (broker commissions) | $12 | $38 | $65 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $736 | $720 | $1,295 |
| Value after costs | $9,764 | $10,856 | $11,467 |
| Impact on return, per year | 7.36% | 2.22% | 2.22% |
C000094912 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.1177%
- Total broker commissions: $234K
- Bought from dealers (principal trades, not a cost): $12.7M
- Portfolio turnover (prospectus): 84%
- Securities on loan, average value: $2.9M
- Net income from securities lending: $8K (0.004% of average net assets)
C000094912 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $43K | 23.92% |
| KEYBANC CAPITAL MARKETS, INC. | $22K | 12.28% |
| VIRTU AMERICAS LLC | $21K | 11.51% |
| WELLS FARGO SECURITIES, LLC | $17K | 9.41% |
| NATIONAL FINANCIAL SERVICES LLC | $16K | 8.93% |
| MIZUHO SECURITIES USA LLC | $15K | 8.40% |
| CitiGroup Global Markets Inc. | $14K | 7.67% |
| BOFA SECURITIES, INC. | $13K | 7.29% |
| TD SECURITIES (USA) LLC | $11K | 6.26% |
| BMO CAPITAL MARKETS CORP. | $8K | 4.34% |
C000094912 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $6.3M | 49.50% |
| J.P. Morgan Securities LLC | $4.1M | 31.91% |
| WELLS FARGO SECURITIES, LLC | $1.4M | 10.98% |
| MORGAN STANLEY & CO. LLC | $970K | 7.62% |
PGIM US Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PJEQX | Class R6 | 0.49% | none |
| PJEZX | Class Z | 0.49% | none |
| PJEAX | Class A | 1.18% | 5.50% |
| PJECX | Class C | 2.00% | none |
| C000094912 | Class B | 2.00% | 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.