TPCAX Fees and Costs — PGIM Core Bond Fund, Class A
Data updated: 2026-10-13
The net expense ratio is 0.65%: a 0.32% management fee, a 0.25% 12b-1 fee plus 0.09% other expenses, less a 0.02% fee waiver. This share class carries a maximum front-end sales load of 3.25% and a deferred sales charge of up to 1.00%. In fiscal 2026 the fund paid $69K in broker commissions, 0.0029% of average net assets, and portfolio turnover was 117%.
TPCAX Fees and Expenses
Annual operating expenses and sales charges of TPCAX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.09% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.02% |
| Net expense ratio | 0.65% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
TPCAX Costs Over Time
On $10,000 invested in TPCAX, assuming 5% a year before costs, total costs come to $813 over 5 years, cutting the return by 1.37% 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 | $426 | $325 | $325 |
| Fund expenses (net expense ratio 0.65%) | $66 | $207 | $360 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $16 | $61 | $126 |
| Total costs | $509 | $594 | $813 |
| Value after costs | $9,991 | $10,982 | $11,950 |
| Impact on return, per year | 5.09% | 1.83% | 1.37% |
TPCAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0029%
- Total broker commissions: $69K
- Bought from dealers (principal trades, not a cost): $5.3B
- Portfolio turnover (prospectus): 117%
TPCAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JP MORGAN SECURITIES LLC | $39K | 56.76% |
| CITIGROUP GLOBAL MARKETS INC. | $8K | 12.22% |
| BARCLAYS CAPITAL, INC. | $7K | 9.74% |
| BOFA SECURITIES, INC. | $5K | 7.69% |
| GOLDMAN SACHS & CO. LLC | $4K | 5.95% |
| CITADEL SECURITIES LLC | $3K | 4.24% |
| WELLS FARGO SECURITIES, LLC | $768 | 1.12% |
| BNP Paribas Securities Corp. | $594 | 0.86% |
| MORGAN STANLEY & CO. LLC | $586 | 0.85% |
| Jane Street Execution Services, LLC | $380 | 0.55% |
TPCAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.1B | 23.11% |
| GOLDMAN SACHS & CO. LLC | $754.1M | 16.05% |
| BOFA SECURITIES, INC. | $687.4M | 14.63% |
| MORGAN STANLEY & CO. LLC | $613.3M | 13.05% |
| WELLS FARGO SECURITIES, LLC | $570.2M | 12.14% |
| BARCLAYS CAPITAL, INC. | $343.9M | 7.32% |
| CitiGroup Global Markets Inc. | $221.1M | 4.71% |
| Mizuho Securities USA LLC | $193.5M | 4.12% |
| BMO HARRIS FINANCIAL ADVISORS, INC. | $132.3M | 2.82% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $96.7M | 2.06% |
PGIM Core Bond Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| TPCQX | Class R6 | 0.33% | none |
| TAIBX | Class Z | 0.34% | none |
| TPCAX | Class A | 0.65% | 3.25% |
| TPCRX | Class R | 0.96% | none |
| TPCCX | Class C | 1.46% | 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.