PWJAX Fees and Costs — PGIM Jennison International Opportunities Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.09%: a 0.80% management fee, a 0.30% 12b-1 fee plus 0.15% other expenses, less a 0.16% 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 $6.2M in broker commissions, 0.1173% of average net assets, and portfolio turnover was 81%.
PWJAX Fees and Expenses
Annual operating expenses and sales charges of PWJAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.16% |
| Net expense ratio | 1.09% |
| 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 | Yes |
PWJAX Costs Over Time
On $10,000 invested in PWJAX, assuming 5% a year before costs, total costs come to $1,413 over 5 years, cutting the return by 2.43% 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 1.09%) | $108 | $337 | $583 |
| Trading costs (broker commissions) | $12 | $36 | $63 |
| Lost growth on money paid in costs | $27 | $105 | $217 |
| Total costs | $795 | $1,028 | $1,413 |
| Value after costs | $9,705 | $10,548 | $11,350 |
| Impact on return, per year | 7.95% | 3.21% | 2.43% |
PWJAX 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): 0.1173%
- Total broker commissions: $6.2M
- Bought from dealers (principal trades, not a cost): $8.3M
- Portfolio turnover (prospectus): 81%
- Securities on loan, average value: $81.8M
- Net income from securities lending: $347K (0.007% of average net assets)
PWJAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $1.0M | 19.83% |
| JEFFERIES LLC | $894K | 17.64% |
| MORGAN STANLEY & CO. LLC | $738K | 14.56% |
| GOLDMAN SACHS & CO. LLC | $622K | 12.26% |
| BOFA SECURITIES, INC. | $525K | 10.35% |
| CitiGroup Global Markets Inc. | $419K | 8.27% |
| UBS Securities LLC | $364K | 7.18% |
| BNP Paribas Securities Corp. | $225K | 4.44% |
| TD SECURITIES (USA) LLC | $139K | 2.74% |
| RBC CAPITAL MARKETS, LLC | $138K | 2.73% |
PWJAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $8.3M | 100.00% |
PGIM Jennison International Opportunities Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PWJQX | Class R6 | 0.84% | none |
| PWJZX | Class Z | 0.90% | none |
| PWJAX | Class A | 1.09% | 5.50% |
| PWJDX | Class R4 | 1.09% | none |
| PWJBX | Class R2 | 1.34% | none |
| PWJRX | Class R | 1.45% | none |
| PWJCX | Class C | 1.90% | 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.