PUCAX Fees and Costs — PGIM Strategic Bond Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 0.93%: a 0.59% management fee, a 0.25% 12b-1 fee plus 0.12% other expenses, less a 0.03% fee waiver. This share class carries a maximum front-end sales load of 3.25% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $85K in broker commissions, 0.0071% of average net assets, and portfolio turnover was 122%.
PUCAX Fees and Expenses
Annual operating expenses and sales charges of PUCAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.59% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.12% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.03% |
| Net expense ratio | 0.93% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| 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 |
PUCAX Costs Over Time
On $10,000 invested in PUCAX, assuming 5% a year before costs, total costs come to $983 over 5 years, cutting the return by 1.67% 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 | $426 | $325 | $325 |
| Fund expenses (net expense ratio 0.93%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $1 | $2 | $4 |
| Lost growth on money paid in costs | $16 | $66 | $142 |
| Total costs | $537 | $688 | $983 |
| Value after costs | $9,963 | $10,888 | $11,780 |
| Impact on return, per year | 5.37% | 2.12% | 1.67% |
PUCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending February 28, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0071%
- Total broker commissions: $85K
- Bought from dealers (principal trades, not a cost): $3.0B
- Portfolio turnover (prospectus): 122%
- Securities on loan, average value: $12.1M
- Net income from securities lending: $34K (0.003% of average net assets)
PUCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $69K | 81.42% |
| CitiGroup Global Markets Inc. | $6K | 7.61% |
| GOLDMAN SACHS & CO. LLC | $6K | 7.33% |
| JANE STREET EXECUTION SERVICES, LLC | $732 | 0.86% |
| BOFA SECURITIES, INC. | $716 | 0.84% |
| MORGAN STANLEY & CO. LLC | $505 | 0.59% |
| BARCLAYS CAPITAL, INC. | $388 | 0.46% |
| CITADEL SECURITIES LLC | $306 | 0.36% |
| WELLS FARGO SECURITIES, LLC | $248 | 0.29% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $197 | 0.23% |
PUCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $523.8M | 18.83% |
| WELLS FARGO SECURITIES, LLC | $357.8M | 12.86% |
| J.P. Morgan Securities LLC | $355.6M | 12.78% |
| BOFA SECURITIES, INC. | $345.0M | 12.40% |
| BARCLAYS CAPITAL, INC. | $330.8M | 11.89% |
| CitiGroup Global Markets Inc. | $322.3M | 11.59% |
| MORGAN STANLEY & CO. LLC | $244.0M | 8.77% |
| UBS SECURITIES LLC | $185.0M | 6.65% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $81.0M | 2.91% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $36.9M | 1.33% |
PGIM Strategic Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PUCQX | Class R6 | 0.59% | none |
| PUCZX | Class Z | 0.62% | none |
| PUCAX | Class A | 0.93% | 3.25% |
| PUCCX | Class C | 1.73% | 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.