C000204798 Fees and Costs — PGIM QMA Strategic Alpha International Equity ETF
Data updated: 2023-01-25
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $20K in broker commissions, 0.0520% of average net assets, and portfolio turnover was 90%.
C000204798 Fees and Expenses
Annual operating expenses and sales charges of C000204798. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.29% |
| Fee waiver | — |
| Net expense ratio | 0.29% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000204798 Costs Over Time
On $10,000 invested in C000204798, assuming 5% a year before costs, total costs come to $217 over 5 years, cutting the return by 0.36% 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 0.29%) | $30 | $96 | $167 |
| Trading costs (broker commissions) | $5 | $17 | $30 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $36 | $118 | $217 |
| Value after costs | $10,464 | $11,458 | $12,546 |
| Impact on return, per year | 0.36% | 0.36% | 0.36% |
C000204798 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0520%
- Total broker commissions: $20K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 90%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $8K (0.022% of average net assets)
C000204798 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $7K | 36.86% |
| PENSERRA SECURITIES, LLC | $5K | 23.96% |
| Pershing LLC | $3K | 14.39% |
| MACQUARIE CAPITAL (USA), INC. | $2K | 12.23% |
| CLSA AMERICAS, LLC | $2K | 10.09% |
| CLSA AUSTRALIA PTY LTD | $384 | 1.94% |
| MACQUARIE SECURITIES (NZ) LIMITED | $58 | 0.29% |
| MACQUARIE CAPITAL (EUROPE) LIMITED | $37 | 0.19% |
| VIRTU AMERICAS LLC | $8 | 0.04% |
| PAVILION GLOBAL MARKETS LTD. | $1 | 0.01% |
C000204798 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $2.5M | 100.00% |
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.