C000204801 Fees and Costs — PGIM QMA Strategic Alpha Small-Cap Value 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, 0.0417% of average net assets, and portfolio turnover was 120%.
C000204801 Fees and Expenses
Annual operating expenses and sales charges of C000204801. Prospectus, as of October 31, 2020.
| 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 |
C000204801 Costs Over Time
On $10,000 invested in C000204801, assuming 5% a year before costs, total costs come to $210 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 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $35 | $115 | $210 |
| Value after costs | $10,465 | $11,461 | $12,553 |
| Impact on return, per year | 0.35% | 0.35% | 0.35% |
C000204801 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): 0.0417%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $4.0M
- Portfolio turnover (prospectus): 120%
- Securities on loan, average value: $197K
- Net income from securities lending: $876 (0.008% of average net assets)
C000204801 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| SMBC Nikko Securities America, Inc. | $2K | 41.65% |
| STIFEL, NICOLAUS & COMPANY, INCORPORATED | $1K | 23.09% |
| ROYAL BANK OF CANADA | $596 | 12.71% |
| Guzman & Company | $507 | 10.79% |
| LOOP CAPITAL MARKETS, LLC | $335 | 7.13% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $189 | 4.02% |
| Virtu Americas LLC | $26 | 0.55% |
| INSTINET, LLC | $3 | 0.06% |
C000204801 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Brown Brothers Harriman & Co. | $4.0M | 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.