PAIZX Fees and Costs — PGIM ESG Total Return Bond Fund, Class Z
Data updated: 2025-03-27
The net expense ratio is 0.50%: a 0.44% management fee plus 3.76% other expenses, less a 3.71% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $1K in broker commissions, 0.0050% of average net assets, and portfolio turnover was 140%.
PAIZX Fees and Expenses
Annual operating expenses and sales charges of PAIZX. Prospectus, as of December 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.44% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.76% |
| Gross expense ratio | 4.21% |
| Fee waiver | −3.71% |
| Net expense ratio | 0.50% |
| 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 |
PAIZX Costs Over Time
On $10,000 invested in PAIZX, assuming 5% a year before costs, total costs come to $319 over 5 years, cutting the return by 0.53% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $53 | $174 | $319 |
| Value after costs | $10,447 | $11,402 | $12,444 |
| Impact on return, per year | 0.53% | 0.53% | 0.53% |
PAIZX 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): 0.0050%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $31.5M
- Portfolio turnover (prospectus): 140%
- Securities on loan, average value: $695
- Net income from securities lending: $15 (0.000% of average net assets)
PAIZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $783 | 65.74% |
| RBC CAPITAL MARKETS, LLC | $243 | 20.40% |
| GOLDMAN SACHS & CO. LLC | $94 | 7.89% |
| BOFA SECURITIES, INC. | $49 | 4.11% |
| WELLS FARGO SECURITIES, LLC | $8 | 0.67% |
| BNP Paribas Securities Corp. | $6 | 0.50% |
| MORGAN STANLEY & CO. LLC | $6 | 0.50% |
| CITIGROUP GLOBAL MARKETS INC. | $2 | 0.17% |
PAIZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $9.9M | 33.89% |
| CitiGroup Global Markets Inc. | $5.6M | 19.11% |
| MORGAN STANLEY & CO. LLC | $3.9M | 13.45% |
| GOLDMAN SACHS & CO. LLC | $3.6M | 12.45% |
| J.P. Morgan Securities LLC | $1.6M | 5.58% |
| BARCLAYS CAPITAL, INC. | $1.4M | 4.91% |
| BOFA SECURITIES, INC. | $964K | 3.30% |
| BNP PARIBAS SECURITIES CORP. | $880K | 3.01% |
| DEUTSCHE BANK SECURITIES, INC. | $632K | 2.16% |
| MUFG SECURITIES AMERICAS INC. | $625K | 2.14% |
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.