C000204799 Fees and Costs — PGIM QMA Strategic Alpha Large-Cap Core ETF
Data updated: 2021-11-09
The net expense ratio is 0.17%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $1K in broker commissions, 0.0085% of average net assets, and portfolio turnover was 82%.
C000204799 Fees and Expenses
Annual operating expenses and sales charges of C000204799. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.17% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.17% |
| Fee waiver | — |
| Net expense ratio | 0.17% |
| 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 |
C000204799 Costs Over Time
On $10,000 invested in C000204799, assuming 5% a year before costs, total costs come to $114 over 5 years, cutting the return by 0.19% 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 0.17%) | $18 | $56 | $98 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $0 | $3 | $10 |
| Total costs | $19 | $62 | $114 |
| Value after costs | $10,481 | $11,514 | $12,649 |
| Impact on return, per year | 0.19% | 0.19% | 0.19% |
C000204799 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0085%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $10.2M
- Portfolio turnover (prospectus): 82%
- Securities on loan, average value: $183K
- Net income from securities lending: $410 (0.003% of average net assets)
C000204799 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Virtu Americas LLC | $425 | 38.93% |
| COWEN AND COMPANY, LLC | $236 | 21.59% |
| Scotia Capital (USA) Inc. | $230 | 21.12% |
| Guzman & Company | $200 | 18.36% |
C000204799 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $10.2M | 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.