PTRB Fees and Costs — PGIM Total Return Bond ETF
Data updated: 2026-07-27
The net expense ratio is 0.49% (0.50% before fee waivers). There are no sales loads or redemption fees. In fiscal 2025 the fund paid $27K in broker commissions, 0.0066% of average net assets, and portfolio turnover was 109%.
PTRB Fees and Expenses
Annual operating expenses and sales charges of PTRB. Prospectus, as of August 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.49% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.50% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.49% |
| 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 |
PTRB Costs Over Time
On $10,000 invested in PTRB, assuming 5% a year before costs, total costs come to $314 over 5 years, cutting the return by 0.52% 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 0.49%) | $51 | $161 | $281 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $0 | $8 | $29 |
| Total costs | $52 | $172 | $314 |
| Value after costs | $10,448 | $11,405 | $12,449 |
| Impact on return, per year | 0.52% | 0.52% | 0.52% |
PTRB Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0066%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $868.2M
- Portfolio turnover (prospectus): 109%
- Securities lending: none during the year
PTRB Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $11K | 42.61% |
| Jane Street Execution Services, LLC | $7K | 27.89% |
| RBC CAPITAL MARKETS, LLC | $2K | 8.29% |
| GOLDMAN SACHS & CO. LLC | $2K | 7.65% |
| BOFA SECURITIES, INC. | $2K | 6.59% |
| CitiGroup Global Markets Inc. | $1K | 5.49% |
| BARCLAYS CAPITAL, INC. | $177 | 0.67% |
| CITADEL SECURITIES LLC | $110 | 0.41% |
| WELLS FARGO SECURITIES, LLC | $54 | 0.20% |
| MORGAN STANLEY & CO. LLC | $54 | 0.20% |
PTRB Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| WELLS FARGO SECURITIES, LLC | $186.5M | 24.51% |
| J.P. Morgan Securities LLC | $138.8M | 18.24% |
| GOLDMAN SACHS & CO. LLC | $111.0M | 14.59% |
| CitiGroup Global Markets Inc. | $95.6M | 12.57% |
| BOFA SECURITIES, INC. | $66.6M | 8.76% |
| BARCLAYS CAPITAL, INC. | $66.4M | 8.73% |
| MORGAN STANLEY & CO. LLC | $52.1M | 6.85% |
| BNP PARIBAS SECURITIES CORP. | $17.6M | 2.31% |
| Mizuho Securities USA LLC | $14.3M | 1.88% |
| CITADEL SECURITIES LLC | $11.9M | 1.57% |
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.