JDRVX Fees and Costs — PGIM Government Income Fund, Class R
Data updated: 2026-07-27
The net expense ratio is 1.23%: a 0.47% management fee, a 0.75% 12b-1 fee plus 0.35% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $11K in broker commissions, 0.0049% of average net assets, and portfolio turnover was 139%.
JDRVX Fees and Expenses
Annual operating expenses and sales charges of JDRVX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.75% |
| Other expenses | 0.35% |
| Gross expense ratio | 1.57% |
| Fee waiver | −0.34% |
| Net expense ratio | 1.23% |
| 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 |
JDRVX Costs Over Time
On $10,000 invested in JDRVX, assuming 5% a year before costs, total costs come to $769 over 5 years, cutting the return by 1.30% 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 1.23%) | $129 | $402 | $695 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $20 | $71 |
| Total costs | $130 | $424 | $769 |
| Value after costs | $10,370 | $11,153 | $11,994 |
| Impact on return, per year | 1.30% | 1.30% | 1.30% |
JDRVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0049%
- Total broker commissions: $11K
- Bought from dealers (principal trades, not a cost): $667.9M
- Portfolio turnover (prospectus): 139%
- Securities on loan, average value: $47K
- Net income from securities lending: $46 (0.000% of average net assets)
JDRVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10K | 86.70% |
| CITADEL SECURITIES LLC | $610 | 5.48% |
| CitiGroup Global Markets Inc. | $351 | 3.15% |
| BARCLAYS CAPITAL, INC. | $210 | 1.89% |
| RBC CAPITAL MARKETS, LLC | $128 | 1.15% |
| GOLDMAN SACHS & CO. LLC | $126 | 1.13% |
| WELLS FARGO SECURITIES, LLC | $28 | 0.25% |
| BOFA SECURITIES, INC. | $17 | 0.15% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $5 | 0.04% |
| MIZUHO SECURITIES USA LLC | $5 | 0.04% |
JDRVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $203.0M | 36.24% |
| MORGAN STANLEY & CO. LLC | $77.9M | 13.90% |
| GOLDMAN SACHS & CO. LLC | $62.7M | 11.19% |
| J.P. Morgan Securities LLC | $57.5M | 10.27% |
| BOFA SECURITIES, INC. | $45.7M | 8.15% |
| BMO CAPITAL MARKETS CORP. | $27.2M | 4.85% |
| BREAN CAPITAL, LLC | $26.3M | 4.69% |
| BARCLAYS CAPITAL, INC. | $22.9M | 4.08% |
| TD SECURITIES (USA) LLC | $18.6M | 3.32% |
| STONEX FINANCIAL INC. | $18.6M | 3.31% |
PGIM Government Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGIQX | Class R6 | 0.47% | none |
| PGVZX | Class Z | 0.48% | none |
| PGVAX | Class A | 0.89% | 3.25% |
| JDRVX | Class R | 1.23% | none |
| PRICX | Class C | 2.05% | none |
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.