C000028247 Fees and Costs — Pioneer Global High Yield Fund, : Class A
Data updated: 2024-01-12
The net expense ratio is 1.14%: a 0.70% management fee, a 0.25% 12b-1 fee plus 0.30% other expenses, less a 0.11% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 42%.
C000028247 Fees and Expenses
Annual operating expenses and sales charges of C000028247. Prospectus, as of February 28, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.70% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.30% |
| Gross expense ratio | 1.25% |
| Fee waiver | −0.11% |
| Net expense ratio | 1.14% |
| 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 |
C000028247 Costs Over Time
On $10,000 invested in C000028247, assuming 5% a year before costs, total costs come to $1,253 over 5 years, cutting the return by 2.15% 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 1.14%) | $114 | $356 | $617 |
| Lost growth on money paid in costs | $23 | $89 | $187 |
| Total costs | $587 | $895 | $1,253 |
| Value after costs | $9,913 | $10,682 | $11,509 |
| Impact on return, per year | 5.87% | 2.78% | 2.15% |
C000028247 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $182.9M
- Portfolio turnover (prospectus): 42%
- Securities lending: none during the year
C000028247 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $42.9M | 26.75% |
| BARCLAYS CAPITAL, INC. | $24.6M | 15.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $23.8M | 14.84% |
| GOLDMAN SACHS & CO. LLC | $14.9M | 9.27% |
| CitiGroup Global Markets Inc. | $13.1M | 8.18% |
| BMO CAPITAL MARKETS CORP. | $12.3M | 7.65% |
| JEFFERIES LLC | $9.3M | 5.82% |
| HSBC SECURITIES (USA), INC. | $7.0M | 4.38% |
| MORGAN STANLEY & CO. LLC | $6.4M | 4.02% |
| DEUTSCHE BANK SECURITIES, INC. | $6.1M | 3.80% |
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.