PDEFX Fees and Costs — PGIM Target Date 2025 Fund, Class R3
Data updated: 2026-10-13
The net expense ratio is 0.60% (1.51% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $78 in broker commissions, 0.0002% of average net assets, and portfolio turnover was 56%.
PDEFX Fees and Expenses
Annual operating expenses and sales charges of PDEFX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.10% |
| Other expenses | 1.10% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.91% |
| Net expense ratio | 0.60% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 0.00% |
PDEFX Costs Over Time
On $10,000 invested in PDEFX, assuming 5% a year before costs, total costs come to $378 over 5 years, cutting the return by 0.63% 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 0.60%) | $63 | $197 | $344 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $63 | $207 | $378 |
| Value after costs | $10,437 | $11,369 | $12,384 |
| Impact on return, per year | 0.63% | 0.63% | 0.63% |
PDEFX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0002%
- Total broker commissions: $78
- Bought from dealers (principal trades, not a cost): $13.3M
- Portfolio turnover (prospectus): 56%
PDEFX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $24 | 30.38% |
| LIQUIDNET, INC. | $13 | 16.46% |
| CITIGROUP GLOBAL MARKETS INC. | $12 | 15.19% |
| JP MORGAN SECURITIES LLC | $9 | 11.39% |
| BARCLAYS CAPITAL, INC. | $9 | 11.39% |
| Raymond James & Associates, Inc. | $6 | 7.59% |
| MORGAN STANLEY & CO. LLC | $3 | 3.80% |
| WELLS FARGO SECURITIES, LLC | $2 | 2.53% |
| RBC CAPITAL MARKETS, LLC | $1 | 1.27% |
PDEFX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $10.5M | 78.81% |
| Goldman Sachs & Co. LLC | $1.4M | 10.63% |
| BOFA SECURITIES, INC. | $653K | 4.92% |
| CITADEL SECURITIES LLC | $490K | 3.69% |
| VIRTU AMERICAS LLC | $255K | 1.92% |
| RBC CAPITAL MARKETS, LLC | $3K | 0.02% |
PGIM Target Date 2025 Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDEJX | Class R6 | 0.25% | none |
| PDEHX | Class R5 | 0.40% | none |
| PDEGX | Class R4 | 0.50% | none |
| PDEFX | Class R3 | 0.60% | none |
| PDEEX | Class R2 | 0.75% | none |
| PDEDX | Class R1 | 1.00% | 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.