C000011065 Fees and Costs — Pioneer Equity Income Fund, : Class A
Data updated: 2025-03-25
The net expense ratio is 1.00%: a 0.60% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2024 the fund paid $853K in broker commissions, 0.0698% of average net assets, and portfolio turnover was 59%.
C000011065 Fees and Expenses
Annual operating expenses and sales charges of C000011065. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 1.00% |
| Fee waiver | — |
| Net expense ratio | 1.00% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000011065 Costs Over Time
On $10,000 invested in C000011065, assuming 5% a year before costs, total costs come to $1,364 over 5 years, cutting the return by 2.35% 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 |
| Sales charges | $575 | $575 | $575 |
| Fund expenses (net expense ratio 1.00%) | $99 | $309 | $535 |
| Trading costs (broker commissions) | $7 | $22 | $37 |
| Lost growth on money paid in costs | $29 | $107 | $217 |
| Total costs | $710 | $1,012 | $1,364 |
| Value after costs | $9,790 | $10,564 | $11,399 |
| Impact on return, per year | 7.10% | 3.15% | 2.35% |
C000011065 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0698%
- Total broker commissions: $853K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 59%
- Securities lending: none during the year
C000011065 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $234K | 34.85% |
| PIPER SANDLER & CO. | $164K | 24.45% |
| PERSHING LLC | $64K | 9.52% |
| WELLS FARGO SECURITIES, LLC | $41K | 6.12% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $41K | 6.07% |
| GOLDMAN SACHS & CO. LLC | $32K | 4.71% |
| J.P. Morgan Securities LLC | $31K | 4.66% |
| SANFORD C. BERNSTEIN & CO., LLC | $24K | 3.54% |
| STATE STREET GLOBAL MARKETS, LLC | $23K | 3.47% |
| EVERCORE GROUP L.L.C. | $18K | 2.62% |
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.