PGAEX Fees and Costs — PGIM Wadhwani Systematic Absolute Return Fund, Class A
Data updated: 2024-09-27
The net expense ratio is 1.41%: a 1.05% management fee, a 0.25% 12b-1 fee plus 2.30% other expenses, less a 2.20% fee waiver. 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 2023 the fund paid $41K in broker commissions, 0.0923% of average net assets, and portfolio turnover was 0%.
PGAEX Fees and Expenses
Annual operating expenses and sales charges of PGAEX. Prospectus, as of January 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 1.05% |
| 12b-1 fee | 0.25% |
| Other expenses | 2.30% |
| Gross expense ratio | 3.61% |
| Fee waiver | −2.20% |
| Net expense ratio | 1.41% |
| 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 |
PGAEX Costs Over Time
On $10,000 invested in PGAEX, assuming 5% a year before costs, total costs come to $1,581 over 5 years, cutting the return by 2.74% 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 1.41%) | $140 | $434 | $749 |
| Trading costs (broker commissions) | $9 | $28 | $49 |
| Lost growth on money paid in costs | $28 | $110 | $233 |
| Total costs | $824 | $1,122 | $1,581 |
| Value after costs | $9,676 | $10,454 | $11,182 |
| Impact on return, per year | 8.24% | 3.51% | 2.74% |
PGAEX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0923%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PGAEX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $22K | 53.83% |
| MORGAN STANLEY & CO. LLC | $12K | 29.33% |
| J.P. Morgan Securities LLC | $6K | 14.85% |
| CREDIT SUISSE SECURITIES (USA) LLC | $746 | 1.80% |
| MACQUARIE CAPITAL (USA), INC. | $78 | 0.19% |
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.