PUREX Fees and Costs — PGIM Global Real Estate Fund, Class R2
Data updated: 2026-09-29
The net expense ratio is 1.30%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.50% other expenses, less a 0.20% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $1.0M in broker commissions, 0.1191% of average net assets, and portfolio turnover was 94%.
PUREX Fees and Expenses
Annual operating expenses and sales charges of PUREX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.50% |
| Gross expense ratio | 1.50% |
| Fee waiver | −0.20% |
| Net expense ratio | 1.30% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
PUREX Costs Over Time
On $10,000 invested in PUREX, assuming 5% a year before costs, total costs come to $880 over 5 years, cutting the return by 1.49% 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 1.30%) | $136 | $424 | $732 |
| Trading costs (broker commissions) | $13 | $39 | $67 |
| Lost growth on money paid in costs | $0 | $23 | $81 |
| Total costs | $149 | $486 | $880 |
| Value after costs | $10,351 | $11,090 | $11,883 |
| Impact on return, per year | 1.49% | 1.49% | 1.49% |
PUREX 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): 0.1191%
- Total broker commissions: $1.0M
- Bought from dealers (principal trades, not a cost): $12.8M
- Portfolio turnover (prospectus): 94%
- Securities on loan, average value: $8.4M
- Net income from securities lending: $27K (0.003% of average net assets)
PUREX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP GLOBAL MARKETS INC. | $102K | 17.22% |
| BNP Paribas Securities Corp. | $84K | 14.04% |
| BOFA SECURITIES, INC. | $74K | 12.52% |
| JEFFERIES LLC | $65K | 10.87% |
| J.P. Morgan Securities LLC | $62K | 10.38% |
| WELLS FARGO SECURITIES, LLC | $49K | 8.20% |
| TD SECURITIES (USA) LLC | $47K | 7.97% |
| Mizuho Securities USA LLC | $40K | 6.77% |
| VIRTU AMERICAS LLC | $36K | 6.07% |
| NATIONAL FINANCIAL SERVICES LLC | $36K | 5.97% |
PUREX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $5.0M | 38.94% |
| GOLDMAN SACHS & CO. LLC | $3.2M | 24.86% |
| BOFA SECURITIES, INC. | $1.9M | 14.85% |
| WELLS FARGO SECURITIES, LLC | $1.6M | 12.35% |
| VAN LANSCHOT KEMPEN (USA) INC. | $842K | 6.58% |
| TD SECURITIES (USA) LLC | $310K | 2.42% |
PGIM Global Real Estate Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PGRQX | Class R6 | 0.81% | none |
| PURZX | Class Z | 0.96% | none |
| PURGX | Class R4 | 1.05% | none |
| PUREX | Class R2 | 1.30% | none |
| PURAX | Class A | 1.37% | 5.50% |
| PURRX | Class R | 1.58% | none |
| PURCX | Class C | 2.31% | 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.