C000005015 Fees and Costs — PF Short Duration Bond Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.55%: a 0.40% 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 $2K in broker commissions, 0.0015% of average net assets, and portfolio turnover was 76%.
C000005015 Fees and Expenses
Annual operating expenses and sales charges of C000005015. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.40% |
| 12b-1 fee | — |
| Other expenses | 0.27% |
| Gross expense ratio | 0.67% |
| Fee waiver | −0.12% |
| Net expense ratio | 0.55% |
| 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 |
C000005015 Costs Over Time
On $10,000 invested in C000005015, assuming 5% a year before costs, total costs come to $348 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 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $9 | $32 |
| Total costs | $58 | $190 | $348 |
| Value after costs | $10,442 | $11,386 | $12,415 |
| Impact on return, per year | 0.58% | 0.58% | 0.58% |
C000005015 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): 0.0015%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $497.1M
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
C000005015 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $858 | 35.99% |
| CitiGroup Global Markets Inc. | $612 | 25.67% |
| GOLDMAN SACHS & CO. LLC | $508 | 21.31% |
| J.P. MORGAN SECURITIES LLC | $401 | 16.82% |
| BNP PARIBAS SECURITIES CORP. | $5 | 0.21% |
C000005015 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $88.8M | 22.48% |
| Goldman Sachs & Co. LLC | $64.7M | 16.39% |
| DEUTSCHE BANK SECURITIES, INC. | $41.7M | 10.55% |
| J.P. Morgan Securities LLC | $36.9M | 9.35% |
| Jane Street Execution Services, LLC | $36.0M | 9.12% |
| BNP PARIBAS SECURITIES CORP. | $31.6M | 8.01% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $29.6M | 7.50% |
| MILLER TABAK ASSET MANAGEMENT | $23.6M | 5.98% |
| BARCLAYS CAPITAL, INC. | $22.1M | 5.60% |
| WELLS FARGO SECURITIES, LLC | $19.8M | 5.02% |
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.