PGNAX Fees and Costs — PGIM Jennison Natural Resources Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.26%: a 0.75% management fee, a 0.30% 12b-1 fee plus 0.21% other expenses. 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 $655K in broker commissions, 0.0975% of average net assets, and portfolio turnover was 57%.
PGNAX Fees and Expenses
Annual operating expenses and sales charges of PGNAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.26% |
| Fee waiver | — |
| Net expense ratio | 1.26% |
| 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 | No |
| Waived fees subject to recoupment | No |
PGNAX Costs Over Time
On $10,000 invested in PGNAX, assuming 5% a year before costs, total costs come to $1,499 over 5 years, cutting the return by 2.59% 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 1.26%) | $125 | $389 | $671 |
| Trading costs (broker commissions) | $10 | $30 | $52 |
| Lost growth on money paid in costs | $27 | $107 | $225 |
| Total costs | $810 | $1,076 | $1,499 |
| Value after costs | $9,690 | $10,500 | $11,264 |
| Impact on return, per year | 8.10% | 3.36% | 2.59% |
PGNAX 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): 0.0975%
- Total broker commissions: $655K
- Bought from dealers (principal trades, not a cost): $8.4M
- Portfolio turnover (prospectus): 57%
- Securities on loan, average value: $48.4M
- Net income from securities lending: $105K (0.016% of average net assets)
PGNAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| TD SECURITIES (USA) LLC | $78K | 19.27% |
| RBC CAPITAL MARKETS, LLC | $63K | 15.67% |
| J.P. MORGAN SECURITIES LLC | $38K | 9.50% |
| Allen & Company LLC | $36K | 8.96% |
| WELLS FARGO SECURITIES, LLC | $35K | 8.77% |
| PIPER SANDLER & CO. | $35K | 8.72% |
| EVERCORE GROUP L.L.C. | $33K | 8.09% |
| MORGAN STANLEY & CO. LLC | $30K | 7.54% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $30K | 7.52% |
| CIBC WORLD MARKETS CORP. | $24K | 5.96% |
PGNAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.7M | 67.96% |
| WELLS FARGO SECURITIES, LLC | $2.7M | 31.95% |
| BNY MELLON CAPITAL MARKETS, LLC | $8K | 0.09% |
| LIQUIDNET, INC. | $28 | 0.00% |
PGIM Jennison Natural Resources Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PJNQX | Class R6 | 0.82% | none |
| PNRZX | Class Z | 0.92% | none |
| PGNAX | Class A | 1.26% | 5.50% |
| JNRRX | Class R | 1.52% | none |
| PNRCX | Class C | 2.03% | 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.