C000226565 Fees and Costs — PSF PGIM 50/50 Balanced Portfolio, Class III
Data updated: 2026-08-26
The net expense ratio is 0.83%: a 0.55% 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 $50K in broker commissions, 0.0018% of average net assets, and portfolio turnover was 54%.
C000226565 Fees and Expenses
Annual operating expenses and sales charges of C000226565. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.83% |
| Fee waiver | — |
| Net expense ratio | 0.83% |
| 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 |
C000226565 Costs Over Time
On $10,000 invested in C000226565, assuming 5% a year before costs, total costs come to $522 over 5 years, cutting the return by 0.87% 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 0.83%) | $87 | $272 | $473 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $48 |
| Total costs | $87 | $286 | $522 |
| Value after costs | $10,413 | $11,290 | $12,241 |
| Impact on return, per year | 0.87% | 0.87% | 0.87% |
C000226565 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): 0.0018%
- Total broker commissions: $50K
- Bought from dealers (principal trades, not a cost): $2.4B
- Portfolio turnover (prospectus): 54%
- Securities on loan, average value: $37.2M
- Net income from securities lending: $74K (0.003% of average net assets)
C000226565 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $19K | 39.83% |
| BARCLAYS CAPITAL, INC. | $7K | 14.90% |
| GOLDMAN SACHS & CO. LLC | $6K | 12.98% |
| BOFA SECURITIES, INC. | $4K | 9.16% |
| CitiGroup Global Markets Inc. | $3K | 5.81% |
| MORGAN STANLEY & CO. LLC | $2K | 4.56% |
| UBS Securities LLC | $2K | 4.32% |
| JEFFERIES LLC | $2K | 3.37% |
| CITADEL SECURITIES LLC | $1K | 2.77% |
| INSTINET, LLC | $1K | 2.30% |
C000226565 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $460.8M | 20.79% |
| WELLS FARGO SECURITIES, LLC | $423.1M | 19.09% |
| Goldman Sachs & Co. LLC | $347.6M | 15.68% |
| MORGAN STANLEY & CO. LLC | $262.8M | 11.85% |
| BOFA SECURITIES, INC. | $234.0M | 10.55% |
| CitiGroup Global Markets Inc. | $186.1M | 8.39% |
| BARCLAYS CAPITAL, INC. | $129.0M | 5.82% |
| Mizuho Securities USA LLC | $69.5M | 3.14% |
| Daiwa Capital Markets America, Inc. | $55.5M | 2.51% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $48.3M | 2.18% |
PSF PGIM 50/50 Balanced Portfolio Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| C000005724 | Class I | 0.58% | — |
| C000226565 | Class III | 0.83% | — |
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.