PLHCX Fees and Costs — PGIM QMA Long-Short Equity Fund, Class C
Data updated: 2021-11-18
The net expense ratio is 2.59% (2.84% before fee waivers). This share class carries a deferred sales charge of up to 1.00%. In fiscal 2021 the fund paid $1.7M in broker commissions, 1.4848% of average net assets, and portfolio turnover was 206%.
PLHCX Fees and Expenses
Annual operating expenses and sales charges of PLHCX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.15% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.35% |
| Gross expense ratio | 2.84% |
| Fee waiver | −0.25% |
| Net expense ratio | 2.59% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
PLHCX Costs Over Time
On $10,000 invested in PLHCX, assuming 5% a year before costs, total costs come to $2,397 over 5 years, cutting the return by 4.28% 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 | $101 | $0 | $0 |
| Fund expenses (net expense ratio 2.59%) | $272 | $822 | $1,380 |
| Trading costs (broker commissions) | $156 | $471 | $791 |
| Lost growth on money paid in costs | $0 | $65 | $226 |
| Total costs | $529 | $1,358 | $2,397 |
| Value after costs | $9,971 | $10,218 | $10,366 |
| Impact on return, per year | 5.29% | 4.28% | 4.28% |
PLHCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2021.
- Explicit cost rate (commissions ÷ average net assets): 1.4848%
- Total broker commissions: $1.7M
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 206%
- Securities lending: none during the year
PLHCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $591K | 35.47% |
| BARCLAYS CAPITAL, INC. | $339K | 20.31% |
| UBS Securities LLC | $173K | 10.35% |
| GOLDMAN SACHS & CO. LLC | $172K | 10.32% |
| BOFA SECURITIES, INC. | $140K | 8.39% |
| SG AMERICAS SECURITIES LLC | $103K | 6.15% |
| CITADEL SECURITIES LLC | $74K | 4.43% |
| J.P. Morgan Securities LLC | $57K | 3.45% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $16K | 0.94% |
| SCOTIA CAPITAL (USA) INC. | $3K | 0.18% |
PLHCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $2.6M | 100.00% |
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.