PQMQX Fees and Costs — PGIM QMA Large-Cap Core Equity Plus Fund, Class R6
Data updated: 2021-08-26
The net expense ratio is 1.19% (1.75% before fee waivers). There are no sales loads or redemption fees. In fiscal 2021 the fund paid $207K in broker commissions, 0.9338% of average net assets, and portfolio turnover was 107%.
PQMQX Fees and Expenses
Annual operating expenses and sales charges of PQMQX. Prospectus, as of May 31, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.71% |
| Gross expense ratio | 1.75% |
| Fee waiver | −0.56% |
| Net expense ratio | 1.19% |
| 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 |
PQMQX Costs Over Time
On $10,000 invested in PQMQX, assuming 5% a year before costs, total costs come to $1,299 over 5 years, cutting the return by 2.23% 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 1.19%) | $125 | $385 | $660 |
| Trading costs (broker commissions) | $98 | $302 | $518 |
| Lost growth on money paid in costs | $0 | $34 | $120 |
| Total costs | $223 | $722 | $1,299 |
| Value after costs | $10,277 | $10,854 | $11,464 |
| Impact on return, per year | 2.23% | 2.23% | 2.23% |
PQMQX 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): 0.9338%
- Total broker commissions: $207K
- Bought from dealers (principal trades, not a cost): $67K
- Portfolio turnover (prospectus): 107%
- Securities lending: none during the year
PQMQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $51K | 24.68% |
| BARCLAYS CAPITAL, INC. | $48K | 23.00% |
| UBS Securities LLC | $31K | 15.10% |
| GOLDMAN SACHS & CO. LLC | $25K | 12.01% |
| BOFA SECURITIES, INC. | $17K | 8.22% |
| CITADEL SECURITIES LLC | $13K | 6.36% |
| SG AMERICAS SECURITIES LLC | $11K | 5.51% |
| J.P. Morgan Securities LLC | $7K | 3.48% |
| SUSQUEHANNA FINANCIAL GROUP, LLLP | $3K | 1.63% |
| Cowen and Company, LLC | $11 | 0.01% |
PQMQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $67K | 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.