C000154504 Fees and Costs — PGIM QMA Global Tactical Allocation Fund, Class R6
Data updated: 2021-07-27
The net expense ratio is 1.21%: a 1.10% management fee plus 0.85% other expenses, less a 0.75% fee waiver. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $23K in broker commissions, 0.0640% of average net assets, and portfolio turnover was 0%.
C000154504 Fees and Expenses
Annual operating expenses and sales charges of C000154504. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.85% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.75% |
| Net expense ratio | 1.21% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000154504 Costs Over Time
On $10,000 invested in C000154504, assuming 5% a year before costs, total costs come to $793 over 5 years, cutting the return by 1.34% 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 |
| Fund expenses (net expense ratio 1.21%) | $127 | $395 | $684 |
| Trading costs (broker commissions) | $7 | $21 | $36 |
| Lost growth on money paid in costs | $0 | $21 | $73 |
| Total costs | $134 | $437 | $793 |
| Value after costs | $10,366 | $11,139 | $11,970 |
| Impact on return, per year | 1.34% | 1.34% | 1.34% |
C000154504 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0640%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $79.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000154504 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $23K | 100.00% |
C000154504 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $31.6M | 39.51% |
| GOLDMAN SACHS & CO. LLC | $16.5M | 20.61% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $13.5M | 16.87% |
| BNY MELLON CAPITAL MARKETS, LLC | $9.3M | 11.63% |
| WELLS FARGO SECURITIES, LLC | $6.2M | 7.75% |
| MORGAN STANLEY & CO. LLC | $2.9M | 3.63% |
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.