SPFAX Fees and Costs — PGIM Jennison Focused Growth Fund, Class A
Data updated: 2026-07-27
The net expense ratio is 1.03%: a 0.66% management fee, a 0.30% 12b-1 fee plus 0.14% other expenses, less a 0.07% 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 2026 the fund paid $170K in broker commissions, 0.0101% of average net assets, and portfolio turnover was 30%.
SPFAX Fees and Expenses
Annual operating expenses and sales charges of SPFAX. Prospectus, as of February 28, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.66% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.14% |
| Gross expense ratio | 1.10% |
| Fee waiver | −0.07% |
| Net expense ratio | 1.03% |
| 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 |
SPFAX Costs Over Time
On $10,000 invested in SPFAX, assuming 5% a year before costs, total costs come to $1,316 over 5 years, cutting the return by 2.26% 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 1.03%) | $102 | $319 | $553 |
| Trading costs (broker commissions) | $1 | $3 | $5 |
| Lost growth on money paid in costs | $28 | $103 | $208 |
| Total costs | $779 | $975 | $1,316 |
| Value after costs | $9,721 | $10,602 | $11,447 |
| Impact on return, per year | 7.79% | 3.03% | 2.26% |
SPFAX 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): 0.0101%
- Total broker commissions: $170K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities on loan, average value: $29.4M
- Net income from securities lending: $46K (0.003% of average net assets)
SPFAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CAPITAL INSTITUTIONAL SERVICES, INC | $37K | 29.53% |
| J.P. Morgan Securities LLC | $13K | 10.64% |
| ALLEN & COMPANY LLC | $12K | 9.38% |
| TD SECURITIES (USA) LLC | $12K | 9.31% |
| JEFFERIES LLC | $12K | 9.26% |
| PIPER SANDLER & CO. | $10K | 8.10% |
| EVERCORE GROUP LLC | $10K | 8.01% |
| GUGGENHEIM SECURITIES, LLC | $9K | 7.22% |
| SANFORD C. BERNSTEIN & CO., LLC | $6K | 4.54% |
| GOLDMAN SACHS & CO. LLC | $5K | 4.01% |
PGIM Jennison Focused Growth Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PSGQX | Class R6 | 0.67% | none |
| SPFZX | Class Z | 0.75% | none |
| SPFAX | Class A | 1.03% | 5.50% |
| SPFCX | Class C | 1.78% | 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.