PGJAX Fees and Costs — PGIM Jennison Global Infrastructure Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.50%: a 1.00% management fee, a 0.30% 12b-1 fee plus 0.66% other expenses, less a 0.46% 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 2025 the fund paid $41K in broker commissions, 0.0868% of average net assets, and portfolio turnover was 78%.
PGJAX Fees and Expenses
Annual operating expenses and sales charges of PGJAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.66% |
| Gross expense ratio | 1.96% |
| Fee waiver | −0.46% |
| Net expense ratio | 1.50% |
| 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 |
PGJAX Costs Over Time
On $10,000 invested in PGJAX, assuming 5% a year before costs, total costs come to $1,629 over 5 years, cutting the return by 2.83% 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 1.50%) | $149 | $462 | $795 |
| Trading costs (broker commissions) | $9 | $27 | $46 |
| Lost growth on money paid in costs | $28 | $111 | $237 |
| Total costs | $833 | $1,149 | $1,629 |
| Value after costs | $9,667 | $10,427 | $11,134 |
| Impact on return, per year | 8.33% | 3.60% | 2.83% |
PGJAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0868%
- Total broker commissions: $41K
- Bought from dealers (principal trades, not a cost): $486K
- Portfolio turnover (prospectus): 78%
- Securities on loan, average value: $2.6M
- Net income from securities lending: $6K (0.014% of average net assets)
PGJAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $6K | 20.22% |
| J.P. MORGAN SECURITIES LLC | $4K | 13.87% |
| CitiGroup Global Markets Inc. | $3K | 10.10% |
| Guggenheim Securities, LLC | $2K | 8.89% |
| GOLDMAN SACHS & CO. LLC | $2K | 8.60% |
| BOFA SECURITIES, INC. | $2K | 8.58% |
| BNP Paribas Securities Corp. | $2K | 8.22% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $2K | 7.35% |
| MORGAN STANLEY & CO. LLC | $2K | 7.17% |
| JEFFERIES LLC | $2K | 7.00% |
PGJAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $248K | 51.05% |
| RBC CAPITAL MARKETS, LLC | $238K | 48.95% |
PGIM Jennison Global Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGJQX | Class R6 | 1.17% | none |
| PGJZX | Class Z | 1.17% | none |
| PGJAX | Class A | 1.50% | 5.50% |
| PGJCX | Class C | 2.25% | 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.