PRPAX Fees and Costs — PGIM Jennison Energy Infrastructure Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.46%: a 1.00% management fee, a 0.30% 12b-1 fee plus 0.21% other expenses, less a 0.05% 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 $190K in broker commissions, 0.0365% of average net assets, and portfolio turnover was 70%.
PRPAX Fees and Expenses
Annual operating expenses and sales charges of PRPAX. Prospectus, as of January 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.21% |
| Gross expense ratio | 1.51% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.46% |
| 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 | No |
PRPAX Costs Over Time
On $10,000 invested in PRPAX, assuming 5% a year before costs, total costs come to $1,578 over 5 years, cutting the return by 2.73% 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 1.46%) | $145 | $450 | $776 |
| Trading costs (broker commissions) | $4 | $11 | $19 |
| Lost growth on money paid in costs | $28 | $110 | $233 |
| Total costs | $824 | $1,121 | $1,578 |
| Value after costs | $9,676 | $10,456 | $11,185 |
| Impact on return, per year | 8.24% | 3.50% | 2.73% |
PRPAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0365%
- Total broker commissions: $190K
- Bought from dealers (principal trades, not a cost): $2.5M
- Portfolio turnover (prospectus): 70%
- Securities on loan, average value: $17.4M
- Net income from securities lending: $199K (0.038% of average net assets)
PRPAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $32K | 20.47% |
| RBC CAPITAL MARKETS, LLC | $27K | 17.39% |
| BOFA SECURITIES, INC. | $16K | 10.28% |
| PIPER SANDLER & CO. | $14K | 8.83% |
| EVERCORE GROUP L.L.C. | $13K | 8.60% |
| DEUTSCHE BANK SECURITIES INC. | $13K | 8.48% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $11K | 7.40% |
| CIBC WORLD MARKETS CORP. | $10K | 6.60% |
| UBS Securities LLC | $10K | 6.46% |
| WELLS FARGO SECURITIES, LLC | $8K | 5.49% |
PRPAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| RBC CAPITAL MARKETS, LLC | $2.5M | 100.00% |
PGIM Jennison Energy Infrastructure Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PRPQX | Class R6 | 1.10% | none |
| PRPZX | Class Z | 1.18% | none |
| PRPAX | Class A | 1.46% | 5.50% |
| PRPCX | Class C | 2.20% | 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.