C000011134 Fees and Costs — Pioneer High Yield Fund, : Class A
Data updated: 2025-03-25
The net expense ratio is 1.10%: a 0.69% management fee, a 0.25% 12b-1 fee plus 0.24% other expenses, less a 0.08% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 60%.
C000011134 Fees and Expenses
Annual operating expenses and sales charges of C000011134. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.69% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.24% |
| Gross expense ratio | 1.18% |
| Fee waiver | −0.08% |
| Net expense ratio | 1.10% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000011134 Costs Over Time
On $10,000 invested in C000011134, assuming 5% a year before costs, total costs come to $1,230 over 5 years, cutting the return by 2.11% 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 | $450 | $450 | $450 |
| Fund expenses (net expense ratio 1.10%) | $110 | $344 | $596 |
| Lost growth on money paid in costs | $22 | $88 | $185 |
| Total costs | $583 | $882 | $1,230 |
| Value after costs | $9,917 | $10,694 | $11,533 |
| Impact on return, per year | 5.83% | 2.74% | 2.11% |
C000011134 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $896.6M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
C000011134 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $161.7M | 21.44% |
| GOLDMAN SACHS & CO. LLC | $118.0M | 15.64% |
| CitiGroup Global Markets Inc. | $109.4M | 14.50% |
| BMO CAPITAL MARKETS CORP. | $79.4M | 10.53% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $61.1M | 8.11% |
| BARCLAYS CAPITAL, INC. | $58.5M | 7.76% |
| MORGAN STANLEY & CO. LLC | $44.9M | 5.96% |
| WELLS FARGO SECURITIES, LLC | $43.6M | 5.78% |
| RBC CAPITAL MARKETS, LLC | $40.1M | 5.31% |
| JEFFERIES LLC | $37.5M | 4.97% |
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.