PQJL Fees and Costs — PGIM Nasdaq-100 Buffer 12 ETF - July
Data updated: 2026-10-01
The net expense ratio is 0.50%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $839 in broker commissions, 0.0263% of average net assets, and portfolio turnover was 0%.
PQJL Fees and Expenses
Annual operating expenses and sales charges of PQJL. Prospectus, as of October 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | — |
| Net expense ratio | 0.50% |
| 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 |
PQJL Costs Over Time
On $10,000 invested in PQJL, assuming 5% a year before costs, total costs come to $332 over 5 years, cutting the return by 0.55% 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 0.50%) | $52 | $165 | $287 |
| Trading costs (broker commissions) | $3 | $9 | $15 |
| Lost growth on money paid in costs | $0 | $9 | $30 |
| Total costs | $55 | $182 | $332 |
| Value after costs | $10,445 | $11,394 | $12,430 |
| Impact on return, per year | 0.55% | 0.55% | 0.55% |
PQJL Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0263%
- Total broker commissions: $839
- Bought from dealers (principal trades, not a cost): $2.8M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PQJL Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Wolverine Execution Services LLC | $680 | 81.05% |
| X-CHANGE FINANCIAL ACCESS, LLC | $159 | 18.95% |
PQJL Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MAREX CAPITAL MARKETS INC. | $2.8M | 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 Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date.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.