PTALX Fees and Costs — PGIM QMA Global Tactical Allocation Fund, Class A
Data updated: 2021-07-27
The net expense ratio is 1.46%: a 1.10% management fee, a 0.30% 12b-1 fee plus 1.69% other expenses, less a 1.64% 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 2021 the fund paid $23K in broker commissions, 0.0640% of average net assets, and portfolio turnover was 0%.
PTALX Fees and Expenses
Annual operating expenses and sales charges of PTALX. Prospectus, as of April 30, 2021.
| Annual operating expenses | |
|---|---|
| Management fee | 1.10% |
| 12b-1 fee | 0.30% |
| Other expenses | 1.69% |
| Gross expense ratio | 3.10% |
| Fee waiver | −1.64% |
| Net expense ratio | 1.46% |
| Sales charges | |
|---|---|
| Max front load | 5.50% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PTALX Costs Over Time
On $10,000 invested in PTALX, assuming 5% a year before costs, total costs come to $1,593 over 5 years, cutting the return by 2.76% 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 | $775 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $27 | $110 | $234 |
| Total costs | $826 | $1,129 | $1,593 |
| Value after costs | $9,674 | $10,447 | $11,169 |
| Impact on return, per year | 8.26% | 3.53% | 2.76% |
PTALX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2021.
- Explicit cost rate (commissions ÷ average net assets): 0.0640%
- Total broker commissions: $23K
- Bought from dealers (principal trades, not a cost): $79.9M
- Portfolio turnover (prospectus): 0%
- Securities lending: none during the year
PTALX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $23K | 100.00% |
PTALX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $31.6M | 39.51% |
| GOLDMAN SACHS & CO. LLC | $16.5M | 20.61% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $13.5M | 16.87% |
| BNY MELLON CAPITAL MARKETS, LLC | $9.3M | 11.63% |
| WELLS FARGO SECURITIES, LLC | $6.2M | 7.75% |
| MORGAN STANLEY & CO. LLC | $2.9M | 3.63% |
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.