C000027661 Fees and Costs — Pioneer Real Estate Shares, : Class A
Data updated: 2023-05-22
The net expense ratio is 1.50%: a 0.80% management fee, a 0.25% 12b-1 fee plus 0.55% other expenses, less a 0.10% fee waiver. This share class carries a maximum front-end sales load of 5.75%. In fiscal 2022 the fund paid $117K in broker commissions, 0.1740% of average net assets, and portfolio turnover was 105%.
C000027661 Fees and Expenses
Annual operating expenses and sales charges of C000027661. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.55% |
| Gross expense ratio | 1.60% |
| Fee waiver | −0.10% |
| Net expense ratio | 1.50% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| 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 |
C000027661 Costs Over Time
On $10,000 invested in C000027661, assuming 5% a year before costs, total costs come to $1,708 over 5 years, cutting the return by 2.97% 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 1.50%) | $148 | $460 | $792 |
| Trading costs (broker commissions) | $17 | $53 | $92 |
| Lost growth on money paid in costs | $29 | $116 | $249 |
| Total costs | $769 | $1,204 | $1,708 |
| Value after costs | $9,731 | $10,372 | $11,055 |
| Impact on return, per year | 7.69% | 3.78% | 2.97% |
C000027661 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.1740%
- Total broker commissions: $117K
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 105%
- Securities lending: none during the year
C000027661 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Robert W. Baird & Co. Incorporated | $18K | 18.62% |
| EVERCORE GROUP L.L.C. | $16K | 16.33% |
| INSTINET, LLC | $15K | 15.78% |
| CAPITAL INSTITUTIONAL SERVICES, INC | $12K | 12.64% |
| PIPER SANDLER & CO. | $9K | 9.00% |
| PERSHING LLC | $7K | 7.35% |
| MKM PARTNERS LLC | $7K | 6.90% |
| TD SECURITIES (USA) LLC | $5K | 4.70% |
| WELLS FARGO SECURITIES, LLC | $4K | 4.54% |
| NATIONAL FINANCIAL SERVICES LLC | $4K | 4.16% |
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.