PQBMX Fees and Costs — PGIM Quant Solutions US Broad Market Index Fund, Class R6
Data updated: 2023-12-22
The net expense ratio is 0.20%: a 0.18% management fee plus 0.36% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $662 in broker commissions, 0.0016% of average net assets, and portfolio turnover was 13%.
PQBMX Fees and Expenses
Annual operating expenses and sales charges of PQBMX. Prospectus, as of September 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.18% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.36% |
| Gross expense ratio | 0.54% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.20% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
PQBMX Costs Over Time
On $10,000 invested in PQBMX, assuming 5% a year before costs, total costs come to $128 over 5 years, cutting the return by 0.21% 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 0.20%) | $21 | $66 | $116 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $3 | $12 |
| Total costs | $21 | $70 | $128 |
| Value after costs | $10,479 | $11,506 | $12,635 |
| Impact on return, per year | 0.21% | 0.21% | 0.21% |
PQBMX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $662
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 13%
- Securities lending: none during the year
PQBMX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITADEL SECURITIES LLC | $171 | 28.50% |
| Stifel, Nicolaus & Co., Inc. | $140 | 23.33% |
| MORGAN STANLEY & CO. LLC | $88 | 14.67% |
| MIZUHO SECURITIES (USA) INC. | $53 | 8.83% |
| JEFFERIES LLC | $51 | 8.50% |
| MACQUARIE CAPITAL (USA), INC. | $27 | 4.50% |
| SG AMERICAS SECURITIES LLC | $19 | 3.17% |
| PIPER SANDLER & CO. | $19 | 3.17% |
| BARCLAYS CAPITAL, INC. | $18 | 3.00% |
| RBC CAPITAL MARKETS, LLC | $14 | 2.33% |
PQBMX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $476K | 28.59% |
| MORGAN STANLEY & CO. LLC | $293K | 17.59% |
| WELLS FARGO SECURITIES, LLC | $287K | 17.26% |
| BOFA SECURITIES, INC. | $195K | 11.73% |
| CitiGroup Global Markets Inc. | $99K | 5.93% |
| GOLDMAN SACHS & CO. LLC | $88K | 5.29% |
| BARCLAYS CAPITAL, INC. | $86K | 5.15% |
| CITADEL SECURITIES LLC | $73K | 4.40% |
| Macquarie Capital (USA) Inc. | $52K | 3.12% |
| SCOTIA CAPITAL (USA), INC. | $16K | 0.94% |
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.