C000035147 Fees and Costs — Pioneer High Income Municipal Fund, : Class A
Data updated: 2025-04-29
The net expense ratio is 0.82%: a 0.48% management fee, a 0.25% 12b-1 fee plus 0.14% other expenses, less a 0.05% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 30%.
C000035147 Fees and Expenses
Annual operating expenses and sales charges of C000035147. Prospectus, as of December 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.48% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.14% |
| Gross expense ratio | 0.87% |
| Fee waiver | −0.05% |
| Net expense ratio | 0.82% |
| 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 |
C000035147 Costs Over Time
On $10,000 invested in C000035147, assuming 5% a year before costs, total costs come to $1,066 over 5 years, cutting the return by 1.82% 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 0.82%) | $82 | $257 | $447 |
| Lost growth on money paid in costs | $23 | $84 | $169 |
| Total costs | $555 | $791 | $1,066 |
| Value after costs | $9,945 | $10,786 | $11,697 |
| Impact on return, per year | 5.55% | 2.45% | 1.82% |
C000035147 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): —
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000035147 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $1.7B | 71.34% |
| Brown Brothers Harriman & Co. | $264.5M | 11.04% |
| J.P. MORGAN SECURITIES LLC | $91.7M | 3.83% |
| J Alexander Securities Inc. | $85.5M | 3.57% |
| Jefferies LLC | $80.2M | 3.35% |
| DEPOSITORY TRUST COMPANY | $61.2M | 2.56% |
| Citigroup Global Markets Inc. | $53.9M | 2.25% |
| FIDELITY MANAGEMENT & RESEARCH COMPANY | $18.7M | 0.78% |
| BNY MELLON CAPITAL MARKETS, LLC | $18.5M | 0.77% |
| BAIRD, PATRICK & COMPANY | $12.3M | 0.51% |
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.