PGAVX Fees and Costs — PGIM ESG High Yield Fund, Class Z
Data updated: 2025-04-22
The net expense ratio is 0.55%: a 0.50% management fee plus 3.42% other expenses, less a 3.37% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $322 in broker commissions, 0.0013% of average net assets, and portfolio turnover was 42%.
PGAVX Fees and Expenses
Annual operating expenses and sales charges of PGAVX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 3.42% |
| Gross expense ratio | 3.92% |
| Fee waiver | −3.37% |
| Net expense ratio | 0.55% |
| 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 |
PGAVX Costs Over Time
On $10,000 invested in PGAVX, assuming 5% a year before costs, total costs come to $348 over 5 years, cutting the return by 0.58% 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $348 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
PGAVX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0013%
- Total broker commissions: $322
- Bought from dealers (principal trades, not a cost): $17.3M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
PGAVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $191 | 59.32% |
| GOLDMAN SACHS & CO. LLC | $98 | 30.43% |
| BOFA SECURITIES, INC. | $16 | 4.97% |
| RBC CAPITAL MARKETS, LLC | $10 | 3.11% |
| CITIGROUP GLOBAL MARKETS INC. | $7 | 2.17% |
PGAVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2.6M | 17.96% |
| GOLDMAN SACHS & CO. LLC | $2.1M | 14.75% |
| CitiGroup Global Markets Inc. | $2.1M | 14.45% |
| BARCLAYS CAPITAL, INC. | $1.6M | 11.57% |
| BOFA SECURITIES, INC. | $1.6M | 11.21% |
| MORGAN STANLEY & CO. LLC | $1.6M | 11.21% |
| JEFFERIES LLC | $831K | 5.83% |
| MARKETAXESS CORPORATION | $717K | 5.03% |
| DEUTSCHE BANK SECURITIES, INC. | $644K | 4.52% |
| CANTOR FITZGERALD & CO. | $497K | 3.48% |
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.