GTRAX Fees and Costs — PGIM Global Total Return Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 0.88%: a 0.50% management fee, a 0.25% 12b-1 fee plus 0.20% other expenses, less a 0.07% fee waiver. This share class carries a maximum front-end sales load of 3.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $213K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 26%.
GTRAX Fees and Expenses
Annual operating expenses and sales charges of GTRAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.20% |
| Gross expense ratio | 0.95% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.88% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
GTRAX Costs Over Time
On $10,000 invested in GTRAX, assuming 5% a year before costs, total costs come to $954 over 5 years, cutting the return by 1.62% 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 |
| Sales charges | $426 | $325 | $325 |
| Fund expenses (net expense ratio 0.88%) | $89 | $279 | $485 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $16 | $65 | $139 |
| Total costs | $532 | $672 | $954 |
| Value after costs | $9,968 | $10,904 | $11,809 |
| Impact on return, per year | 5.32% | 2.07% | 1.62% |
GTRAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0082%
- Total broker commissions: $213K
- Bought from dealers (principal trades, not a cost): $1.5B
- Portfolio turnover (prospectus): 26%
- Securities on loan, average value: $17.3M
- Net income from securities lending: $38K (0.001% of average net assets)
GTRAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $124K | 58.54% |
| GOLDMAN SACHS & CO. LLC | $62K | 29.24% |
| CitiGroup Global Markets Inc. | $17K | 8.14% |
| BOFA SECURITIES, INC. | $8K | 3.60% |
| BNP Paribas Securities Corp. | $538 | 0.25% |
| ROBERT W. BAIRD & CO. INC. | $289 | 0.14% |
| DEUTSCHE BANK SECURITIES INC. | $99 | 0.05% |
| CAPITAL ONE SECURITIES, INC. | $81 | 0.04% |
GTRAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $207.5M | 17.17% |
| BARCLAYS CAPITAL, INC. | $197.6M | 16.35% |
| J.P. Morgan Securities LLC | $193.4M | 16.00% |
| BOFA SECURITIES, INC. | $151.3M | 12.52% |
| Goldman Sachs & Co. LLC | $135.6M | 11.21% |
| BNP PARIBAS SECURITIES CORP. | $113.4M | 9.38% |
| MORGAN STANLEY & CO. LLC | $60.0M | 4.97% |
| NATWEST MARKETS SECURITIES INC. | $55.4M | 4.58% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $49.0M | 4.05% |
| UBS SECURITIES LLC | $45.6M | 3.77% |
PGIM Global Total Return Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGTQX | Class R6 | 0.54% | — |
| PZTRX | Class Z | 0.63% | none |
| PGTSX | Class R4 | 0.83% | none |
| GTRAX | Class A | 0.88% | 3.25% |
| PGTOX | Class R2 | 1.08% | none |
| PCTRX | Class C | 1.63% | — |
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.