C000004997 Fees and Costs — PF Real Estate Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.90%: a 0.90% management fee plus 0.30% other expenses, less a 0.30% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $27K in broker commissions, 0.0550% of average net assets, and portfolio turnover was 37%.
C000004997 Fees and Expenses
Annual operating expenses and sales charges of C000004997. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | — |
| Other expenses | 0.30% |
| Gross expense ratio | 1.20% |
| Fee waiver | −0.30% |
| Net expense ratio | 0.90% |
| 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 |
C000004997 Costs Over Time
On $10,000 invested in C000004997, assuming 5% a year before costs, total costs come to $598 over 5 years, cutting the return by 1.00% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $15 | $55 |
| Total costs | $100 | $329 | $598 |
| Value after costs | $10,400 | $11,248 | $12,165 |
| Impact on return, per year | 1.00% | 1.00% | 1.00% |
C000004997 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): 0.0550%
- Total broker commissions: $27K
- Bought from dealers (principal trades, not a cost): $482K
- Portfolio turnover (prospectus): 37%
- Securities lending: none during the year
C000004997 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Stifel, Nicolaus & Company, Incorporated | $4K | 20.52% |
| B. RILEY SECURITIES, INC. | $3K | 14.65% |
| J.P. MORGAN SECURITIES LLC | $2K | 10.85% |
| Truist Securities, Inc. | $2K | 8.86% |
| U.S. BANCORP INVESTMENTS, INC. | $2K | 8.77% |
| WILLIAM BLAIR & COMPANY, L.L.C. | $1K | 7.77% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 7.40% |
| TELSEY ADVISORY GROUP LLC | $1K | 7.36% |
| BARCLAYS CAPITAL, INC. | $1K | 7.28% |
| SANFORD C. BERNSTEIN & CO., LLC | $1K | 6.52% |
C000004997 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $331K | 68.75% |
| WELLS FARGO SECURITIES, LLC | $81K | 16.76% |
| Goldman Sachs & Co. LLC | $51K | 10.51% |
| TELSEY ADVISORY GROUP LLC | $19K | 3.97% |
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.