PGFMX Fees and Costs — PGIM Moderate Retirement Spending Fund, Class R6
Data updated: 2026-08-26
The net expense ratio is 0.35% (3.39% before fee waivers). There are no sales loads or redemption fees. In fiscal 2026 the fund paid $4 in broker commissions, 0.0001% of average net assets, and portfolio turnover was 15%.
PGFMX Fees and Expenses
Annual operating expenses and sales charges of PGFMX. Prospectus, as of March 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.00% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.98% |
| Gross expense ratio | 3.39% |
| Fee waiver | −3.04% |
| Net expense ratio | 0.35% |
| 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 |
PGFMX Costs Over Time
On $10,000 invested in PGFMX, assuming 5% a year before costs, total costs come to $222 over 5 years, cutting the return by 0.37% 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 0.35%) | $37 | $115 | $202 |
| Trading costs (broker commissions) | $0 | $0 | $0 |
| Lost growth on money paid in costs | $0 | $6 | $20 |
| Total costs | $37 | $121 | $222 |
| Value after costs | $10,463 | $11,455 | $12,541 |
| Impact on return, per year | 0.37% | 0.37% | 0.37% |
PGFMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0001%
- Total broker commissions: $4
- Bought from dealers (principal trades, not a cost): $978
- Portfolio turnover (prospectus): 15%
- Securities lending: none during the year
PGFMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $1 | 25.00% |
| INSTINET LLC | $1 | 25.00% |
| RAYMOND JAMES & ASSOCIATES, INC. | $1 | 25.00% |
| GOLDMAN SACHS & CO. LLC | $1 | 25.00% |
PGFMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $387 | 39.65% |
| VIRTU AMERICAS LLC | $173 | 17.73% |
| RAYMOND JAMES & ASSOCIATES, INC. | $105 | 10.76% |
| BOFA SECURITIES, INC. | $105 | 10.76% |
| JEFFERIES LLC | $103 | 10.55% |
| BARCLAYS CAPITAL, INC. | $103 | 10.55% |
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.