C000236288 Fees and Costs — PGIM ESG Short Duration Multi-Sector Bond Fund, Class R6
Data updated: 2025-03-27
The net expense ratio is 0.32%: a 0.32% management fee plus 0.88% other expenses, less a 0.88% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $2K in broker commissions, 0.0065% of average net assets, and portfolio turnover was 69%.
C000236288 Fees and Expenses
Annual operating expenses and sales charges of C000236288. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.88% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.88% |
| Net expense ratio | 0.32% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000236288 Costs Over Time
On $10,000 invested in C000236288, assuming 5% a year before costs, total costs come to $207 over 5 years, cutting the return by 0.34% 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 0.32%) | $34 | $106 | $184 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $5 | $19 |
| Total costs | $34 | $113 | $207 |
| Value after costs | $10,466 | $11,463 | $12,556 |
| Impact on return, per year | 0.34% | 0.34% | 0.34% |
C000236288 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0065%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $58.8M
- Portfolio turnover (prospectus): 69%
- Securities on loan, average value: $2K
- Net income from securities lending: $22 (0.000% of average net assets)
C000236288 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $2K | 85.77% |
| RBC CAPITAL MARKETS, LLC | $170 | 9.68% |
| BOFA SECURITIES, INC. | $57 | 3.24% |
| GOLDMAN SACHS & CO. LLC | $17 | 0.97% |
| CITIGROUP GLOBAL MARKETS INC. | $6 | 0.34% |
C000236288 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $15.1M | 28.56% |
| CitiGroup Global Markets Inc. | $7.5M | 14.18% |
| J.P. Morgan Securities LLC | $6.1M | 11.62% |
| GOLDMAN SACHS & CO. LLC | $6.1M | 11.47% |
| BARCLAYS CAPITAL, INC. | $4.0M | 7.50% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3.9M | 7.36% |
| MORGAN STANLEY & CO. LLC | $3.1M | 5.83% |
| BNP PARIBAS SECURITIES CORP. | $2.7M | 5.15% |
| SCOTIA CAPITAL (USA), INC. | $2.7M | 5.03% |
| DEUTSCHE BANK SECURITIES, INC. | $1.7M | 3.30% |
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.