SCFZX Fees and Costs — PGIM Securitized Credit Fund, Class Z
Data updated: 2026-08-26
The net expense ratio is 0.65%: a 0.60% management fee plus 0.17% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $6K in broker commissions, 0.0019% of average net assets, and portfolio turnover was 36%.
SCFZX Fees and Expenses
Annual operating expenses and sales charges of SCFZX. Prospectus, as of September 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.17% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.65% |
| 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 |
SCFZX Costs Over Time
On $10,000 invested in SCFZX, assuming 5% a year before costs, total costs come to $411 over 5 years, cutting the return by 0.68% 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 0.65%) | $68 | $214 | $372 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $11 | $38 |
| Total costs | $68 | $225 | $411 |
| Value after costs | $10,432 | $11,351 | $12,352 |
| Impact on return, per year | 0.68% | 0.68% | 0.68% |
SCFZX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending September 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0019%
- Total broker commissions: $6K
- Bought from dealers (principal trades, not a cost): $621.7M
- Portfolio turnover (prospectus): 36%
- Securities lending: none during the year
SCFZX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $6K | 97.42% |
| BOFA SECURITIES, INC. | $88 | 1.54% |
| GOLDMAN SACHS & CO. LLC | $47 | 0.82% |
| BNP Paribas Securities Corp. | $13 | 0.23% |
SCFZX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BOFA SECURITIES, INC. | $102.6M | 19.41% |
| GOLDMAN SACHS & CO. LLC | $65.5M | 12.39% |
| MORGAN STANLEY & CO. LLC | $63.9M | 12.09% |
| JEFFERIES LLC | $56.1M | 10.62% |
| J.P. Morgan Securities LLC | $54.4M | 10.30% |
| CitiGroup Global Markets Inc. | $53.0M | 10.03% |
| BARCLAYS CAPITAL, INC. | $50.5M | 9.55% |
| WELLS FARGO SECURITIES, LLC | $36.2M | 6.85% |
| DEUTSCHE BANK SECURITIES, INC. | $23.3M | 4.40% |
| BNP PARIBAS SECURITIES CORP. | $23.0M | 4.35% |
PGIM Securitized Credit Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| SCFQX | Class R6 | 0.60% | none |
| SCFZX | Class Z | 0.65% | none |
| SCFOX | Class A | 0.90% | 3.25% |
| SCFVX | Class C | 1.65% | 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.