PJIAX Fees and Costs — PGIM Jennison Focused Value Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 1.10%: a 0.60% management fee, a 0.30% 12b-1 fee plus 0.20% 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 $55K in broker commissions, 0.0266% of average net assets, and portfolio turnover was 55%.
PJIAX Fees and Expenses
Annual operating expenses and sales charges of PJIAX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.20% |
| Gross expense ratio | 1.10% |
| Fee waiver | — |
| Net expense ratio | 1.10% |
| 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 |
PJIAX Costs Over Time
On $10,000 invested in PJIAX, assuming 5% a year before costs, total costs come to $1,366 over 5 years, cutting the return by 2.35% 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 1.10%) | $109 | $340 | $589 |
| Trading costs (broker commissions) | $3 | $8 | $14 |
| Lost growth on money paid in costs | $27 | $104 | $213 |
| Total costs | $787 | $1,002 | $1,366 |
| Value after costs | $9,713 | $10,574 | $11,397 |
| Impact on return, per year | 7.87% | 3.12% | 2.35% |
PJIAX 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): 0.0266%
- Total broker commissions: $55K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 55%
- Securities on loan, average value: $75K
- Net income from securities lending: $151 (0.000% of average net assets)
PJIAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $9K | 24.11% |
| EVERCORE GROUP L.L.C. | $4K | 11.23% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $4K | 10.42% |
| DOWLING & PARTNERS SECURITIES LLC | $4K | 9.87% |
| TD SECURITIES (USA) LLC | $3K | 9.32% |
| OPPENHEIMER & CO. INC. | $3K | 7.92% |
| MORGAN STANLEY & CO. LLC | $3K | 7.89% |
| JEFFERIES LLC | $2K | 6.58% |
| UBS Securities LLC | $2K | 6.44% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 6.21% |
PGIM Jennison Focused Value Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PJGZX | Class Z | 0.75% | none |
| PJOQX | Class R6 | 0.75% | none |
| PJIAX | Class A | 1.10% | 5.50% |
| PJORX | Class R | 1.53% | none |
| PJGCX | Class C | 2.24% | 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.