C000027935 Fees and Costs — Pioneer AMT-Free Municipal Fund, : Class A
Data updated: 2025-04-30
The net expense ratio is 0.79%: a 0.46% management fee, a 0.25% 12b-1 fee plus 0.15% other expenses, less a 0.07% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 76%.
C000027935 Fees and Expenses
Annual operating expenses and sales charges of C000027935. Prospectus, as of April 30, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.46% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.15% |
| Gross expense ratio | 0.86% |
| Fee waiver | −0.07% |
| Net expense ratio | 0.79% |
| 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 |
C000027935 Costs Over Time
On $10,000 invested in C000027935, assuming 5% a year before costs, total costs come to $1,048 over 5 years, cutting the return by 1.78% 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 0.79%) | $79 | $248 | $431 |
| Lost growth on money paid in costs | $22 | $83 | $168 |
| Total costs | $552 | $781 | $1,048 |
| Value after costs | $9,948 | $10,795 | $11,715 |
| Impact on return, per year | 5.52% | 2.42% | 1.78% |
C000027935 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $2.0B
- Portfolio turnover (prospectus): 76%
- Securities lending: none during the year
C000027935 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $386.3M | 23.50% |
| WELLS FARGO SECURITIES, LLC | $350.5M | 21.33% |
| SIEBERT WILLIAMS SHANK & CO., LLC | $187.2M | 11.39% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $167.9M | 10.22% |
| Goldman Sachs & Co. LLC | $130.9M | 7.96% |
| BARCLAYS CAPITAL, INC. | $112.4M | 6.84% |
| J.P. Morgan Securities LLC | $101.8M | 6.19% |
| MORGAN STANLEY & CO. LLC | $79.1M | 4.81% |
| RBC CAPITAL MARKETS, LLC | $68.7M | 4.18% |
| BNP PARIBAS SECURITIES CORP. | $58.9M | 3.58% |
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.