PCWRX Fees and Costs — PGIM Corporate Bond Fund, Class R
Data updated: 2025-06-25
The net expense ratio is 1.05%: a 0.45% management fee, a 0.75% 12b-1 fee plus 49.59% other expenses, less a 49.74% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $364 in broker commissions, 0.0015% of average net assets, and portfolio turnover was 17%.
PCWRX Fees and Expenses
Annual operating expenses and sales charges of PCWRX. Prospectus, as of September 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.45% |
| 12b-1 fee | 0.75% |
| Other expenses | 49.59% |
| Gross expense ratio | 50.79% |
| Fee waiver | −49.74% |
| Net expense ratio | 1.05% |
| 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 |
PCWRX Costs Over Time
On $10,000 invested in PCWRX, assuming 5% a year before costs, total costs come to $657 over 5 years, cutting the return by 1.10% 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 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $17 | $60 |
| Total costs | $110 | $361 | $657 |
| Value after costs | $10,390 | $11,215 | $12,106 |
| Impact on return, per year | 1.10% | 1.10% | 1.10% |
PCWRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0015%
- Total broker commissions: $364
- Bought from dealers (principal trades, not a cost): $9.5M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
PCWRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $342 | 93.96% |
| GOLDMAN SACHS & CO. LLC | $14 | 3.85% |
| CITIGROUP GLOBAL MARKETS INC. | $5 | 1.37% |
| BOFA SECURITIES, INC. | $3 | 0.82% |
PCWRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $1.9M | 27.49% |
| CitiGroup Global Markets Inc. | $887K | 12.71% |
| BARCLAYS CAPITAL, INC. | $711K | 10.19% |
| J.P. Morgan Securities LLC | $686K | 9.82% |
| GOLDMAN SACHS & CO. LLC | $663K | 9.49% |
| MORGAN STANLEY & CO. LLC | $483K | 6.92% |
| MILLENNIUM ADVISORS, LLC | $469K | 6.72% |
| DEUTSCHE BANK SECURITIES, INC. | $463K | 6.63% |
| Jane Street Execution Services, LLC | $355K | 5.09% |
| RBC CAPITAL MARKETS LLC | $345K | 4.94% |
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.