PJFAX Fees and Costs — PGIM Jennison Growth Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.97%: a 0.56% management fee, a 0.30% 12b-1 fee plus 0.11% 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 2024 the fund paid $1.2M in broker commissions, 0.0158% of average net assets, and portfolio turnover was 34%.
PJFAX Fees and Expenses
Annual operating expenses and sales charges of PJFAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.56% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.11% |
| Gross expense ratio | 0.97% |
| Fee waiver | — |
| Net expense ratio | 0.97% |
| 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 |
PJFAX Costs Over Time
On $10,000 invested in PJFAX, assuming 5% a year before costs, total costs come to $1,285 over 5 years, cutting the return by 2.20% 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 0.97%) | $96 | $300 | $521 |
| Trading costs (broker commissions) | $2 | $5 | $8 |
| Lost growth on money paid in costs | $28 | $102 | $205 |
| Total costs | $774 | $957 | $1,285 |
| Value after costs | $9,726 | $10,619 | $11,478 |
| Impact on return, per year | 7.74% | 2.98% | 2.20% |
PJFAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0158%
- Total broker commissions: $1.2M
- Bought from dealers (principal trades, not a cost): $2K
- Portfolio turnover (prospectus): 34%
- Securities on loan, average value: $167.5M
- Net income from securities lending: $434K (0.006% of average net assets)
PJFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $203K | 22.88% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $132K | 14.87% |
| TD SECURITIES (USA) LLC | $99K | 11.12% |
| JEFFERIES LLC | $98K | 11.03% |
| MORGAN STANLEY & CO. LLC | $94K | 10.63% |
| EVERCORE GROUP L.L.C. | $65K | 7.30% |
| UBS Securities LLC | $56K | 6.34% |
| PIPER SANDLER & CO. | $52K | 5.85% |
| GOLDMAN SACHS & CO. LLC | $51K | 5.73% |
| CITIGROUP GLOBAL MARKETS INC. | $38K | 4.25% |
PJFAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| LIQUIDNET, INC. | $1K | 58.88% |
| VIRTU AMERICAS LLC | $500 | 23.63% |
| INSTINET, LLC | $370 | 17.49% |
PGIM Jennison Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PJFQX | Class R6 | 0.57% | none |
| PJFZX | Class Z | 0.69% | none |
| PJFPX | Class R4 | 0.85% | none |
| PJFAX | Class A | 0.97% | 5.50% |
| PJFOX | Class R2 | 1.10% | none |
| PJGRX | Class R | 1.20% | none |
| PJFCX | Class C | 1.69% | 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.