PXBQX Fees and Costs — PGIM International Bond Fund, Class R6
Data updated: 2023-09-25
The net expense ratio is 0.58%: a 0.50% management fee plus 0.62% other expenses, less a 0.54% fee waiver. There are no sales loads or redemption fees. In fiscal 2022 the fund paid $5K in broker commissions, 0.0152% of average net assets, and portfolio turnover was 17%.
PXBQX Fees and Expenses
Annual operating expenses and sales charges of PXBQX. Prospectus, as of January 31, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.62% |
| Gross expense ratio | 1.12% |
| Fee waiver | −0.54% |
| Net expense ratio | 0.58% |
| 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 |
PXBQX Costs Over Time
On $10,000 invested in PXBQX, assuming 5% a year before costs, total costs come to $375 over 5 years, cutting the return by 0.62% 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 0.58%) | $61 | $191 | $332 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $10 | $34 |
| Total costs | $62 | $205 | $375 |
| Value after costs | $10,438 | $11,371 | $12,387 |
| Impact on return, per year | 0.62% | 0.62% | 0.62% |
PXBQX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0152%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $10.4M
- Portfolio turnover (prospectus): 17%
- Securities lending: none during the year
PXBQX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 71.31% |
| CITIGROUP GLOBAL MARKETS INC. | $1K | 26.49% |
| BOFA SECURITIES, INC. | $61 | 1.31% |
| MORGAN STANLEY & CO. LLC | $25 | 0.54% |
| GOLDMAN SACHS & CO. LLC | $16 | 0.34% |
PXBQX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNP PARIBAS SECURITIES CORP. | $2.8M | 32.93% |
| MORGAN STANLEY & CO. LLC | $1.2M | 13.80% |
| HSBC SECURITIES (USA), INC. | $980K | 11.38% |
| J.P. Morgan Securities LLC | $964K | 11.19% |
| BOFA SECURITIES, INC. | $577K | 6.69% |
| DEUTSCHE BANK SECURITIES, INC. | $508K | 5.89% |
| CREDIT SUISSE SECURITIES (USA) LLC | $431K | 5.00% |
| Daiwa Capital Markets America, Inc. | $414K | 4.80% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $389K | 4.52% |
| CitiGroup Global Markets Inc. | $327K | 3.79% |
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.