C000004964 Fees and Costs — PF International Value Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.80%: a 0.65% management fee plus 0.49% other expenses, less a 0.34% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $27K in broker commissions, 0.0446% of average net assets, and portfolio turnover was 33%.
C000004964 Fees and Expenses
Annual operating expenses and sales charges of C000004964. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.49% |
| Gross expense ratio | 1.14% |
| Fee waiver | −0.34% |
| Net expense ratio | 0.80% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000004964 Costs Over Time
On $10,000 invested in C000004964, assuming 5% a year before costs, total costs come to $530 over 5 years, cutting the return by 0.89% 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 0.80%) | $84 | $263 | $456 |
| Trading costs (broker commissions) | $5 | $15 | $25 |
| Lost growth on money paid in costs | $0 | $14 | $49 |
| Total costs | $89 | $291 | $530 |
| Value after costs | $10,411 | $11,285 | $12,233 |
| Impact on return, per year | 0.89% | 0.89% | 0.89% |
C000004964 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0446%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $15K
- Portfolio turnover (prospectus): 33%
- Securities lending: none during the year
C000004964 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| UBS Securities LLC | $4K | 19.87% |
| J.P. MORGAN SECURITIES LLC | $3K | 12.92% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 12.28% |
| MORGAN STANLEY & CO. LLC | $3K | 12.23% |
| JEFFERIES LLC | $2K | 10.22% |
| CitiGroup Global Markets Inc. | $2K | 8.60% |
| GOLDMAN SACHS & CO. LLC | $2K | 7.99% |
| BARCLAYS CAPITAL, INC. | $2K | 7.50% |
| Evercore Group L.L.C. | $871 | 4.25% |
| CLSA AMERICAS, LLC | $851 | 4.15% |
C000004964 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $15K | 100.00% |
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.