PABFX Fees and Costs — PGIM Balanced Fund, Class Z
Data updated: 2026-08-26
The net expense ratio is 0.78%: a 0.65% management fee plus 0.19% other expenses, less a 0.06% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $134K in broker commissions, 0.0137% of average net assets, and portfolio turnover was 107%.
PABFX Fees and Expenses
Annual operating expenses and sales charges of PABFX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.19% |
| Gross expense ratio | 0.84% |
| Fee waiver | −0.06% |
| Net expense ratio | 0.78% |
| 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 |
PABFX Costs Over Time
On $10,000 invested in PABFX, assuming 5% a year before costs, total costs come to $499 over 5 years, cutting the return by 0.83% 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 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $1 | $4 | $8 |
| Lost growth on money paid in costs | $0 | $13 | $46 |
| Total costs | $83 | $273 | $499 |
| Value after costs | $10,417 | $11,303 | $12,264 |
| Impact on return, per year | 0.83% | 0.83% | 0.83% |
PABFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0137%
- Total broker commissions: $134K
- Bought from dealers (principal trades, not a cost): $507.9M
- Portfolio turnover (prospectus): 107%
- Securities on loan, average value: $2.8M
- Net income from securities lending: $10K (0.001% of average net assets)
PABFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $22K | 23.20% |
| CLSA AMERICAS, LLC | $11K | 11.45% |
| CITIGROUP GLOBAL MARKETS INC. | $11K | 11.39% |
| GOLDMAN SACHS & CO. LLC | $10K | 10.72% |
| BOFA SECURITIES, INC. | $10K | 10.39% |
| HSBC SECURITIES (USA) INC. | $9K | 9.38% |
| MISCHLER FINANCIAL GROUP, INC. | $7K | 7.18% |
| UBS Securities LLC | $5K | 5.60% |
| CASTLEOAK SECURITIES, LP | $5K | 5.53% |
| JEFFERIES LLC | $5K | 5.15% |
PABFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $65.4M | 15.72% |
| CitiGroup Global Markets Inc. | $61.8M | 14.85% |
| WELLS FARGO SECURITIES, LLC | $54.3M | 13.06% |
| BARCLAYS CAPITAL, INC. | $49.6M | 11.91% |
| BOFA SECURITIES, INC. | $48.3M | 11.61% |
| GOLDMAN SACHS & CO. LLC | $43.0M | 10.34% |
| MORGAN STANLEY & CO. LLC | $33.2M | 7.99% |
| CITADEL SECURITIES LLC | $32.0M | 7.68% |
| STONEX FINANCIAL INC. | $16.1M | 3.88% |
| DEUTSCHE BANK SECURITIES, INC. | $12.3M | 2.96% |
PGIM Balanced Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PIBQX | Class R6 | 0.65% | none |
| PABFX | Class Z | 0.78% | none |
| PIBAX | Class A | 1.00% | 3.25% |
| PALRX | Class R | 1.47% | none |
| PABCX | Class C | 1.82% | 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.