C000004978 Fees and Costs — PF Inflation Managed Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.57%: a 0.40% management fee plus 0.36% other expenses, less a 0.19% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $2K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 50%.
C000004978 Fees and Expenses
Annual operating expenses and sales charges of C000004978. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.36% |
| Gross expense ratio | 0.76% |
| Fee waiver | −0.19% |
| Net expense ratio | 0.57% |
| 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 |
C000004978 Costs Over Time
On $10,000 invested in C000004978, assuming 5% a year before costs, total costs come to $363 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $199 | $363 |
| Value after costs | $10,440 | $11,378 | $12,400 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
C000004978 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): 0.0051%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $293.2M
- Portfolio turnover (prospectus): 50%
- Securities lending: none during the year
C000004978 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2K | 100.00% |
C000004978 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $147.0M | 50.90% |
| MORGAN STANLEY & CO. LLC | $73.2M | 25.35% |
| DEUTSCHE BANK SECURITIES, INC. | $32.3M | 11.18% |
| J.P. Morgan Securities LLC | $8.6M | 2.97% |
| CitiGroup Global Markets Inc. | $7.3M | 2.53% |
| Goldman Sachs & Co. LLC | $6.6M | 2.28% |
| CREDIT SUISSE SECURITIES (USA) LLC | $4.8M | 1.67% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $3.6M | 1.24% |
| WELLS FARGO SECURITIES, LLC | $3.5M | 1.21% |
| Loop Capital Markets LLC | $1.9M | 0.66% |
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.