PFSAX Fees and Costs — PGIM Jennison Financial Services Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.31%: a 0.75% management fee, a 0.30% 12b-1 fee plus 0.26% other expenses. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $37K in broker commissions, 0.0217% of average net assets, and portfolio turnover was 31%.
PFSAX Fees and Expenses
Annual operating expenses and sales charges of PFSAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.26% |
| Gross expense ratio | 1.31% |
| Fee waiver | — |
| Net expense ratio | 1.31% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| 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 |
PFSAX Costs Over Time
On $10,000 invested in PFSAX, assuming 5% a year before costs, total costs come to $1,484 over 5 years, cutting the return by 2.56% 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 |
| Sales charges | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.31%) | $130 | $404 | $698 |
| Trading costs (broker commissions) | $2 | $7 | $12 |
| Lost growth on money paid in costs | $28 | $107 | $224 |
| Total costs | $808 | $1,068 | $1,484 |
| Value after costs | $9,692 | $10,508 | $11,279 |
| Impact on return, per year | 8.08% | 3.33% | 2.56% |
PFSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0217%
- Total broker commissions: $37K
- Bought from dealers (principal trades, not a cost): $1.6M
- Portfolio turnover (prospectus): 31%
- Securities on loan, average value: $8.6M
- Net income from securities lending: $10K (0.006% of average net assets)
PFSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $5K | 17.96% |
| KEEFE, BRUYETTE & WOODS, INC. | $4K | 16.15% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $3K | 10.68% |
| DOWLING & PARTNERS SECURITIES LLC | $3K | 9.47% |
| GOLDMAN SACHS & CO. LLC | $3K | 9.40% |
| Canaccord Genuity LLC | $2K | 8.03% |
| RBC CAPITAL MARKETS, LLC | $2K | 7.83% |
| JEFFERIES LLC | $2K | 7.33% |
| EVERCORE GROUP LLC | $2K | 6.82% |
| Guggenheim Securities, LLC | $2K | 6.34% |
PFSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $1.6M | 100.00% |
PGIM Jennison Financial Services Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PFSQX | Class R6 | 1.00% | none |
| PFSZX | Class Z | 1.04% | none |
| PFSAX | Class A | 1.31% | 5.50% |
| PSSRX | Class R | 1.59% | none |
| PUFCX | Class C | 2.22% | 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.