C000226561 Fees and Costs — PSF PGIM Total Return Bond Portfolio, Class III
Data updated: 2026-08-26
The net expense ratio is 0.68%: a 0.40% management fee, a 0.25% 12b-1 fee plus 0.03% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $108K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 96%.
C000226561 Fees and Expenses
Annual operating expenses and sales charges of C000226561. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.68% |
| Fee waiver | — |
| Net expense ratio | 0.68% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000226561 Costs Over Time
On $10,000 invested in C000226561, assuming 5% a year before costs, total costs come to $431 over 5 years, cutting the return by 0.72% 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 0.68%) | $71 | $224 | $389 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $11 | $39 |
| Total costs | $72 | $236 | $431 |
| Value after costs | $10,428 | $11,340 | $12,332 |
| Impact on return, per year | 0.72% | 0.72% | 0.72% |
C000226561 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0045%
- Total broker commissions: $108K
- Bought from dealers (principal trades, not a cost): $4.3B
- Portfolio turnover (prospectus): 96%
- Securities on loan, average value: $22.3M
- Net income from securities lending: $45K (0.002% of average net assets)
C000226561 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $63K | 58.42% |
| GOLDMAN SACHS & CO. LLC | $14K | 12.59% |
| BOFA SECURITIES, INC. | $10K | 9.39% |
| CitiGroup Global Markets Inc. | $10K | 8.89% |
| BARCLAYS CAPITAL, INC. | $8K | 7.15% |
| CITADEL SECURITIES LLC | $2K | 2.06% |
| BNP Paribas Securities Corp. | $655 | 0.61% |
| WELLS FARGO SECURITIES, LLC | $502 | 0.46% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $233 | 0.22% |
| RBC CAPITAL MARKETS, LLC | $220 | 0.20% |
C000226561 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $647.6M | 16.67% |
| GOLDMAN SACHS & CO. LLC | $635.1M | 16.35% |
| WELLS FARGO SECURITIES, LLC | $616.5M | 15.88% |
| CitiGroup Global Markets Inc. | $595.9M | 15.34% |
| BOFA SECURITIES, INC. | $401.7M | 10.34% |
| MORGAN STANLEY & CO. LLC | $344.7M | 8.88% |
| BARCLAYS CAPITAL, INC. | $341.9M | 8.80% |
| CITADEL SECURITIES LLC | $138.1M | 3.55% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $82.1M | 2.11% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $80.0M | 2.06% |
PSF PGIM Total Return Bond Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000005704 | Class I | 0.43% | — |
| C000226561 | Class III | 0.68% | — |
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.