PJIO Fees and Costs — PGIM Jennison International Opportunities ETF
Data updated: 2026-07-27
The net expense ratio is 0.90%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0428% of average net assets, and portfolio turnover was 89%.
PJIO Fees and Expenses
Annual operating expenses and sales charges of PJIO. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.90% |
| Fee waiver | — |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
PJIO Costs Over Time
On $10,000 invested in PJIO, assuming 5% a year before costs, total costs come to $590 over 5 years, cutting the return by 0.99% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $4 | $14 | $24 |
| Lost growth on money paid in costs | $0 | $15 | $54 |
| Total costs | $99 | $324 | $590 |
| Value after costs | $10,401 | $11,252 | $12,172 |
| Impact on return, per year | 0.99% | 0.99% | 0.99% |
PJIO Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0428%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $14.1M
- Portfolio turnover (prospectus): 89%
- Securities lending: none during the year
PJIO Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BNY MELLON CAPITAL MARKETS, LLC | $2K | 30.05% |
| GOLDMAN SACHS & CO. LLC | $2K | 24.25% |
| J.P. Morgan Securities LLC | $1K | 18.06% |
| BOFA SECURITIES, INC. | $662 | 9.99% |
| VIRTU AMERICAS LLC | $329 | 4.96% |
| RBC CAPITAL MARKETS, LLC | $309 | 4.66% |
| JEFFERIES LLC | $305 | 4.60% |
| MORGAN STANLEY & CO. LLC | $175 | 2.64% |
| CitiGroup Global Markets Inc. | $52 | 0.78% |
PJIO Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $10.7M | 75.67% |
| GOLDMAN SACHS & CO. LLC | $1.8M | 13.08% |
| BOFA SECURITIES, INC. | $1.1M | 7.71% |
| Mizuho Securities USA LLC | $499K | 3.53% |
| THE BANK OF NEW YORK MELLON | $1K | 0.01% |
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.