PGDSX Fees and Costs — Diversified Real Asset Fund, Class R-4
Data updated: 2026-07-24
The net expense ratio is 1.15%: a 0.81% management fee, a 0.10% 12b-1 fee plus 0.29% other expenses, less a 0.05% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.9M in broker commissions, 0.0723% of average net assets, and portfolio turnover was 86%.
PGDSX Fees and Expenses
Annual operating expenses and sales charges of PGDSX. Prospectus, as of December 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.81% |
| 12b-1 fee | 0.10% |
| Other expenses | 0.29% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PGDSX Costs Over Time
On $10,000 invested in PGDSX, assuming 5% a year before costs, total costs come to $761 over 5 years, cutting the return by 1.28% 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 1.15%) | $121 | $376 | $650 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $20 | $70 |
| Total costs | $128 | $419 | $761 |
| Value after costs | $10,372 | $11,157 | $12,002 |
| Impact on return, per year | 1.28% | 1.28% | 1.28% |
PGDSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0723%
- Total broker commissions: $1.9M
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 86%
- Securities on loan, average value: $17.9M
- Net income from securities lending: $298K (0.011% of average net assets)
PGDSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| WALLACHBETH CAPITAL | $243K | 18.87% |
| RBC DOMINION SECURITIES CORP. | $161K | 12.55% |
| J.P. MORGAN SECURITIES LLC | $145K | 11.26% |
| MORGAN STANLEY & CO. LLC. | $137K | 10.62% |
| BARCLAYS CAPITAL INC. | $133K | 10.32% |
| MERRILL LYNCH PIERCE FENNER & SMITH | $128K | 9.95% |
| GOLDMAN SACHS CO. | $96K | 7.45% |
| UBS SECURITIES LLC | $91K | 7.11% |
| JEFFERIES & COMPANY | $91K | 7.10% |
| CITIGROUP GLOBAL MARKETS | $62K | 4.78% |
PGDSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CITADEL TRADING GROUP | $442.2M | 16.55% |
| MORGAN STANLEY & CO. LLC. | $351.2M | 13.15% |
| BNY MELLON CAPITAL MARKETS LLC | $309.7M | 11.59% |
| BARCLAYS CAPITAL INC. | $285.9M | 10.70% |
| BMO CAPITAL MARKETS | $271.3M | 10.16% |
| BNP PARIBAS SECURITIES CORP | $265.2M | 9.93% |
| J.P. MORGAN SECURITIES LLC | $252.6M | 9.46% |
| GOLDMAN SACHS CO. | $249.2M | 9.33% |
| MIZUHO SECURITIES USA INC. | $160.6M | 6.01% |
| NOMURA SECURITIES INT'L INC. | $83.3M | 3.12% |
Diversified Real Asset Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PDARX | Class R-6 | 0.82% | none |
| PDRDX | Institutional Class | 0.87% | none |
| PGDSX | Class R-4 | 1.15% | none |
| PRDAX | Class A | 1.23% | 3.75% |
| PGDRX | Class R-3 | 1.39% | 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.