C000261148 Fees and Costs — PSF PGIM Ballast Portfolio, Class I
Data updated: 2026-08-26
The net expense ratio is 0.70%: a 0.60% management fee plus 4.99% other expenses, less a 4.89% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $156 in broker commissions, 0.0029% of average net assets, and portfolio turnover was 0%.
C000261148 Fees and Expenses
Annual operating expenses and sales charges of C000261148. Prospectus, as of December 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 4.99% |
| Gross expense ratio | 5.59% |
| Fee waiver | −4.89% |
| Net expense ratio | 0.70% |
| 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 | Yes |
C000261148 Costs Over Time
On $10,000 invested in C000261148, assuming 5% a year before costs, total costs come to $442 over 5 years, cutting the return by 0.74% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $11 | $40 |
| Total costs | $74 | $242 | $442 |
| Value after costs | $10,426 | $11,334 | $12,321 |
| Impact on return, per year | 0.74% | 0.74% | 0.74% |
C000261148 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): 0.0029%
- Total broker commissions: $156
- Bought from dealers (principal trades, not a cost): $6.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
C000261148 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $155 | 99.36% |
| LIQUIDNET, INC. | $1 | 0.64% |
C000261148 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.0M | 29.85% |
| HSBC SECURITIES (USA), INC. | $1.2M | 18.10% |
| BARCLAYS CAPITAL, INC. | $991K | 14.63% |
| UBS SECURITIES LLC | $544K | 8.03% |
| Loop Capital Markets LLC | $503K | 7.43% |
| GOLDMAN SACHS & CO. LLC | $498K | 7.35% |
| WELLS FARGO SECURITIES, LLC | $495K | 7.31% |
| J.P. Morgan Securities LLC | $248K | 3.66% |
| CITADEL SECURITIES LLC | $247K | 3.64% |
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.