C000226560 Fees and Costs — PSF PGIM Jennison Focused Blend Portfolio, Class III
Data updated: 2023-11-24
The net expense ratio is 1.01%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.11% other expenses, less a 0.10% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $43K in broker commissions, 0.0239% of average net assets, and portfolio turnover was 44%.
C000226560 Fees and Expenses
Annual operating expenses and sales charges of C000226560. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.11% |
| Gross expense ratio | 1.11% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.01% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000226560 Costs Over Time
On $10,000 invested in C000226560, assuming 5% a year before costs, total costs come to $646 over 5 years, cutting the return by 1.09% 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 1.01%) | $106 | $331 | $573 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $0 | $17 | $59 |
| Total costs | $109 | $355 | $646 |
| Value after costs | $10,391 | $11,221 | $12,117 |
| Impact on return, per year | 1.09% | 1.09% | 1.09% |
C000226560 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0239%
- Total broker commissions: $43K
- Bought from dealers (principal trades, not a cost): $364K
- Portfolio turnover (prospectus): 44%
- Securities on loan, average value: $2.3M
- Net income from securities lending: $4K (0.002% of average net assets)
C000226560 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5K | 19.40% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $4K | 14.14% |
| RBC CAPITAL MARKETS, LLC | $3K | 12.02% |
| SANFORD C. BERNSTEIN & CO., LLC | $3K | 10.59% |
| Cowen and Company, LLC | $3K | 10.29% |
| EVERCORE GROUP L.L.C. | $3K | 10.01% |
| MORGAN STANLEY & CO. LLC | $2K | 7.57% |
| GOLDMAN SACHS & CO. LLC | $2K | 6.38% |
| PIPER SANDLER & CO. | $1K | 4.89% |
| BOFA SECURITIES, INC. | $1K | 4.69% |
C000226560 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $364K | 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.