C000004975 Fees and Costs — PF Managed Bond Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.54%: a 0.40% management fee plus 0.26% other expenses, less a 0.12% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $63K in broker commissions, 0.0163% of average net assets, and portfolio turnover was 154%.
C000004975 Fees and Expenses
Annual operating expenses and sales charges of C000004975. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.26% |
| Gross expense ratio | 0.66% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.54% |
| 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 |
C000004975 Costs Over Time
On $10,000 invested in C000004975, assuming 5% a year before costs, total costs come to $351 over 5 years, cutting the return by 0.58% 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 0.54%) | $57 | $178 | $310 |
| Trading costs (broker commissions) | $2 | $5 | $9 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $192 | $351 |
| Value after costs | $10,442 | $11,384 | $12,412 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000004975 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): 0.0163%
- Total broker commissions: $63K
- Bought from dealers (principal trades, not a cost): $3.5B
- Portfolio turnover (prospectus): 154%
- Securities lending: none during the year
C000004975 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JEFFERIES LLC | $11K | 18.86% |
| R.J. O'Brien Securities, LLC | $9K | 14.79% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $8K | 13.60% |
| MORGAN STANLEY & CO. LLC | $7K | 12.39% |
| CitiGroup Global Markets Inc. | $6K | 10.10% |
| WELLS FARGO SECURITIES, LLC | $5K | 8.68% |
| GOLDMAN SACHS & CO. LLC | $5K | 8.42% |
| WESTERN ASSET MANAGEMENT COMPANY, LLC | $3K | 5.05% |
| UBS Securities LLC | $3K | 4.50% |
| BNP PARIBAS SECURITIES CORP. | $2K | 3.60% |
C000004975 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $685.6M | 20.86% |
| J.P. Morgan Securities LLC | $608.3M | 18.51% |
| Goldman Sachs & Co. LLC | $469.6M | 14.29% |
| CREDIT SUISSE SECURITIES (USA) LLC | $386.8M | 11.77% |
| DEUTSCHE BANK SECURITIES, INC. | $335.4M | 10.21% |
| CitiGroup Global Markets Inc. | $277.5M | 8.44% |
| WELLS FARGO SECURITIES, LLC | $169.5M | 5.16% |
| BARCLAYS CAPITAL, INC. | $164.9M | 5.02% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $128.6M | 3.91% |
| BNP PARIBAS SECURITIES CORP. | $60.3M | 1.83% |
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.