C000204800 Fees and Costs — PGIM QMA Strategic Alpha Small-Cap Growth ETF
Data updated: 2021-11-09
The net expense ratio is 0.29%. There are no sales loads or redemption fees. In fiscal 2021 the fund paid $5K in broker commissions, 0.0391% of average net assets, and portfolio turnover was 123%.
C000204800 Fees and Expenses
Annual operating expenses and sales charges of C000204800. Prospectus, as of October 31, 2020.
| Annual operating expenses | |
|---|---|
| Management fee | 0.29% |
| 12b-1 fee | — |
| 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 |
C000204800 Costs Over Time
On $10,000 invested in C000204800, assuming 5% a year before costs, total costs come to $209 over 5 years, cutting the return by 0.35% 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) | $4 | $13 | $23 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $114 | $209 |
| Value after costs | $10,465 | $11,462 | $12,554 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000204800 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): 0.0391%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $7.4M
- Portfolio turnover (prospectus): 123%
- Securities on loan, average value: $358K
- Net income from securities lending: $2K (0.019% of average net assets)
C000204800 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Guzman & Company | $2K | 41.32% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1K | 20.30% |
| SMBC Nikko Securities America, Inc. | $683 | 13.47% |
| ROYAL BANK OF CANADA | $523 | 10.32% |
| LOOP CAPITAL MARKETS, LLC | $438 | 8.65% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $266 | 5.25% |
| Virtu Americas LLC | $15 | 0.29% |
| J.P. MORGAN SECURITIES LLC | $12 | 0.23% |
| SANFORD C. BERNSTEIN & CO., LLC | $8 | 0.16% |
C000204800 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $7.4M | 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.