C000004984 Fees and Costs — PF Large-Cap Value Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.80%: a 0.65% management fee plus 0.22% other expenses, less a 0.07% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $18K in broker commissions, 0.0115% of average net assets, and portfolio turnover was 9%.
C000004984 Fees and Expenses
Annual operating expenses and sales charges of C000004984. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.07% |
| 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 |
C000004984 Costs Over Time
On $10,000 invested in C000004984, assuming 5% a year before costs, total costs come to $510 over 5 years, cutting the return by 0.85% 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) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $13 | $47 |
| Total costs | $85 | $280 | $510 |
| Value after costs | $10,415 | $11,297 | $12,253 |
| Impact on return, per year | 0.85% | 0.85% | 0.85% |
C000004984 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): 0.0115%
- Total broker commissions: $18K
- Bought from dealers (principal trades, not a cost): $4.5M
- Portfolio turnover (prospectus): 9%
- Securities lending: none during the year
C000004984 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $7K | 39.54% |
| MORGAN STANLEY & CO. LLC | $4K | 20.58% |
| SANFORD C. BERNSTEIN & CO., LLC | $2K | 10.13% |
| GOLDMAN SACHS & CO. LLC | $2K | 9.38% |
| INSTINET, LLC | $1K | 7.61% |
| J.P. MORGAN SECURITIES LLC | $997 | 5.53% |
| Stifel, Nicolaus & Company, Incorporated | $515 | 2.86% |
| UBS Securities LLC | $413 | 2.29% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $227 | 1.26% |
| Raymond James & Associates, Inc. | $149 | 0.83% |
C000004984 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $4.5M | 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.