C000004970 Fees and Costs — PF Small-Cap Growth Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.75%: a 0.60% management fee plus 0.27% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $21K in broker commissions, 0.0688% of average net assets, and portfolio turnover was 69%.
C000004970 Fees and Expenses
Annual operating expenses and sales charges of C000004970. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.75% |
| 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 |
C000004970 Costs Over Time
On $10,000 invested in C000004970, assuming 5% a year before costs, total costs come to $514 over 5 years, cutting the return by 0.86% 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 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $7 | $23 | $39 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $86 | $282 | $514 |
| Value after costs | $10,414 | $11,294 | $12,249 |
| Impact on return, per year | 0.86% | 0.86% | 0.86% |
C000004970 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): 0.0688%
- Total broker commissions: $21K
- Bought from dealers (principal trades, not a cost): $130.1M
- Portfolio turnover (prospectus): 69%
- Securities lending: none during the year
C000004970 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $3K | 19.44% |
| JEFFERIES LLC | $3K | 18.34% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2K | 12.98% |
| MORGAN STANLEY & CO. LLC | $2K | 12.70% |
| BMO CAPITAL MARKETS CORP. | $1K | 8.36% |
| UBS Securities LLC | $1K | 8.33% |
| GOLDMAN SACHS & CO. LLC | $945 | 5.68% |
| VIRTU AMERICAS LLC | $929 | 5.58% |
| TD SECURITIES (USA) LLC | $817 | 4.91% |
| CREDIT SUISSE SECURITIES (USA) LLC | $613 | 3.68% |
C000004970 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $119.1M | 91.61% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3.9M | 3.02% |
| J.P. Morgan Securities LLC | $2.2M | 1.69% |
| Goldman Sachs & Co. LLC | $1.7M | 1.33% |
| STATE STREET GLOBAL MARKETS, LLC | $1.6M | 1.26% |
| MORGAN STANLEY & CO. LLC | $1.3M | 0.97% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $120K | 0.09% |
| BTIG LLC | $25K | 0.02% |
| PERSHING LLC | $11K | 0.01% |
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.