C000027663 Fees and Costs — Pioneer Real Estate Shares, : Class C
Data updated: 2023-05-22
The net expense ratio is 2.46%: a 0.80% management fee, a 1.00% 12b-1 fee plus 0.66% other expenses. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $117K in broker commissions, 0.1740% of average net assets, and portfolio turnover was 105%.
C000027663 Fees and Expenses
Annual operating expenses and sales charges of C000027663. Prospectus, as of April 30, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.80% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.66% |
| Gross expense ratio | 2.46% |
| Fee waiver | — |
| Net expense ratio | 2.46% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000027663 Costs Over Time
On $10,000 invested in C000027663, assuming 5% a year before costs, total costs come to $1,595 over 5 years, cutting the return by 2.77% 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 | $102 | $0 | $0 |
| Fund expenses (net expense ratio 2.46%) | $258 | $792 | $1,351 |
| Trading costs (broker commissions) | $18 | $56 | $96 |
| Lost growth on money paid in costs | $0 | $42 | $149 |
| Total costs | $379 | $891 | $1,595 |
| Value after costs | $10,121 | $10,685 | $11,168 |
| Impact on return, per year | 3.79% | 2.77% | 2.77% |
C000027663 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
C000027663 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.