PRKAX Fees and Costs — PGIM Real Estate Income Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.35%: a 0.80% management fee, a 0.30% 12b-1 fee plus 1.53% other expenses, less a 1.28% fee waiver. This share class carries a maximum front-end sales load of 5.50% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $92K in broker commissions, 0.1785% of average net assets, and portfolio turnover was 115%.
PRKAX Fees and Expenses
Annual operating expenses and sales charges of PRKAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.30% |
| Other expenses | 1.53% |
| Gross expense ratio | 2.63% |
| Fee waiver | −1.28% |
| Net expense ratio | 1.35% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| 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 |
PRKAX Costs Over Time
On $10,000 invested in PRKAX, assuming 5% a year before costs, total costs come to $1,596 over 5 years, cutting the return by 2.77% 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 | $648 | $550 | $550 |
| Fund expenses (net expense ratio 1.35%) | $134 | $416 | $717 |
| Trading costs (broker commissions) | $18 | $55 | $95 |
| Lost growth on money paid in costs | $28 | $110 | $234 |
| Total costs | $827 | $1,131 | $1,596 |
| Value after costs | $9,673 | $10,446 | $11,167 |
| Impact on return, per year | 8.27% | 3.54% | 2.77% |
PRKAX 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): 0.1785%
- Total broker commissions: $92K
- Bought from dealers (principal trades, not a cost): $1.7M
- Portfolio turnover (prospectus): 115%
- Securities on loan, average value: $417K
- Net income from securities lending: $3K (0.005% of average net assets)
PRKAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JONESTRADING | $17K | 26.56% |
| COMPASS POINT RESEARCH & TRADING LLC | $7K | 10.52% |
| KEYBANC CAPITAL MARKETS, INC. | $6K | 10.26% |
| JEFFERIES LLC | $5K | 8.57% |
| ROSENBLATT SECURITIES INC. | $5K | 8.54% |
| BMO Nesbitt Burns Securities Ltd. | $5K | 7.42% |
| SCOTIA CAPITAL (USA) INC. | $4K | 7.17% |
| NATIONAL FINANCIAL SERVICES LLC | $4K | 7.15% |
| VIRTU AMERICAS LLC | $4K | 7.09% |
| Raymond James & Associates, Inc. | $4K | 6.72% |
PRKAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.7M | 100.00% |
PGIM Real Estate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PRKQX | Class R6 | 1.10% | none |
| PRKZX | Class Z | 1.10% | none |
| PRKAX | Class A | 1.35% | 5.50% |
| PRKCX | Class C | 2.10% | none |
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.