C000005018 Fees and Costs — PF Growth Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.70%: a 0.55% 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 $13K in broker commissions, 0.0125% of average net assets, and portfolio turnover was 10%.
C000005018 Fees and Expenses
Annual operating expenses and sales charges of C000005018. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | — |
| Other expenses | 0.22% |
| Gross expense ratio | 0.77% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.70% |
| 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 |
C000005018 Costs Over Time
On $10,000 invested in C000005018, assuming 5% a year before costs, total costs come to $448 over 5 years, cutting the return by 0.75% 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 0.70%) | $74 | $230 | $400 |
| Trading costs (broker commissions) | $1 | $4 | $7 |
| Lost growth on money paid in costs | $0 | $12 | $41 |
| Total costs | $75 | $246 | $448 |
| Value after costs | $10,425 | $11,331 | $12,315 |
| Impact on return, per year | 0.75% | 0.75% | 0.75% |
C000005018 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): 0.0125%
- Total broker commissions: $13K
- Bought from dealers (principal trades, not a cost): $234.0M
- Portfolio turnover (prospectus): 10%
- Securities lending: none during the year
C000005018 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $5K | 43.08% |
| J.P. MORGAN SECURITIES LLC | $2K | 20.65% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $1K | 11.84% |
| JEFFERIES LLC | $653 | 5.60% |
| GOLDMAN SACHS & CO. LLC | $610 | 5.23% |
| MORGAN STANLEY & CO. LLC | $470 | 4.03% |
| BMO CAPITAL MARKETS CORP. | $393 | 3.37% |
| UBS Securities LLC | $338 | 2.90% |
| BTIG, LLC | $205 | 1.76% |
| WELLS FARGO SECURITIES, LLC | $181 | 1.55% |
C000005018 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $212.1M | 90.65% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $7.0M | 2.99% |
| J.P. Morgan Securities LLC | $5.6M | 2.39% |
| CitiGroup Global Markets Inc. | $4.5M | 1.92% |
| MORGAN STANLEY & CO. LLC | $2.3M | 0.98% |
| Goldman Sachs & Co. LLC | $2.3M | 0.98% |
| Northern Trust Securities, Inc. | $66K | 0.03% |
| BNY MELLON CAPITAL MARKETS, LLC | $52K | 0.02% |
| STATE STREET GLOBAL MARKETS, LLC | $42K | 0.02% |
| Mizuho Securities USA LLC | $18K | 0.01% |
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.