SPQAX Fees and Costs — PGIM Jennison Global Equity Income Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.15%: a 0.74% management fee, a 0.30% 12b-1 fee plus 0.16% other expenses, less a 0.05% 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 $59K in broker commissions, 0.0082% of average net assets, and portfolio turnover was 5%.
SPQAX Fees and Expenses
Annual operating expenses and sales charges of SPQAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.74% |
| 12b-1 fee | 0.30% |
| Other expenses | 0.16% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.05% |
| Net expense ratio | 1.15% |
| 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 |
SPQAX Costs Over Time
On $10,000 invested in SPQAX, assuming 5% a year before costs, total costs come to $1,384 over 5 years, cutting the return by 2.38% 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 1.15%) | $114 | $355 | $615 |
| Trading costs (broker commissions) | $1 | $3 | $4 |
| Lost growth on money paid in costs | $27 | $104 | $215 |
| Total costs | $790 | $1,012 | $1,384 |
| Value after costs | $9,710 | $10,564 | $11,378 |
| Impact on return, per year | 7.90% | 3.15% | 2.38% |
SPQAX 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): 0.0082%
- Total broker commissions: $59K
- Bought from dealers (principal trades, not a cost): $14.2M
- Portfolio turnover (prospectus): 5%
- Securities on loan, average value: $362K
- Net income from securities lending: $414 (0.000% of average net assets)
SPQAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $28K | 49.09% |
| BARCLAYS CAPITAL, INC. | $13K | 22.85% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $3K | 5.76% |
| MIZUHO SECURITIES (USA) INC. | $2K | 3.97% |
| JEFFERIES LLC | $2K | 3.91% |
| KEEFE, BRUYETTE & WOODS, INC. | $2K | 3.16% |
| TD SECURITIES (USA) LLC | $2K | 3.08% |
| GOLDMAN SACHS & CO. LLC | $2K | 3.03% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 2.85% |
| DOWLING & PARTNERS SECURITIES LLC | $1K | 2.29% |
SPQAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $14.2M | 100.00% |
PGIM Jennison Global Equity Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PJIQX | Class R6 | 0.80% | none |
| JDEZX | Class Z | 0.89% | none |
| SPQAX | Class A | 1.15% | 5.50% |
| PJERX | Class R | 1.47% | none |
| AGOCX | Class C | 2.12% | 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.