C000042206 Fees and Costs — Pioneer Floating Rate Fund, : Class Y
Data updated: 2025-03-25
The net expense ratio is 0.78% (0.89% before fee waivers). There are no sales loads or redemption fees. In fiscal 2024 the fund paid $5K in broker commissions, 0.0016% of average net assets, and portfolio turnover was 64%.
C000042206 Fees and Expenses
Annual operating expenses and sales charges of C000042206. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.26% |
| Gross expense ratio | 0.89% |
| Fee waiver | −0.11% |
| Net expense ratio | 0.78% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| 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 |
C000042206 Costs Over Time
On $10,000 invested in C000042206, assuming 5% a year before costs, total costs come to $491 over 5 years, cutting the return by 0.82% 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 |
| Fund expenses (net expense ratio 0.78%) | $82 | $256 | $445 |
| Trading costs (broker commissions) | $0 | $1 | $1 |
| Lost growth on money paid in costs | $0 | $13 | $45 |
| Total costs | $82 | $269 | $491 |
| Value after costs | $10,418 | $11,307 | $12,272 |
| Impact on return, per year | 0.82% | 0.82% | 0.82% |
C000042206 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0016%
- Total broker commissions: $5K
- Bought from dealers (principal trades, not a cost): $637.9M
- Portfolio turnover (prospectus): 64%
- Securities lending: none during the year
C000042206 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $4K | 89.75% |
| GOLDMAN SACHS & CO. LLC | $500 | 10.25% |
C000042206 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $165.3M | 28.02% |
| J.P. Morgan Securities LLC | $126.7M | 21.47% |
| BMO CAPITAL MARKETS CORP. | $72.4M | 12.27% |
| CitiGroup Global Markets Inc. | $56.7M | 9.61% |
| GOLDMAN SACHS & CO. LLC | $56.1M | 9.50% |
| BARCLAYS CAPITAL, INC. | $43.5M | 7.38% |
| JEFFERIES LLC | $23.7M | 4.01% |
| MORGAN STANLEY & CO. LLC | $18.9M | 3.20% |
| DEUTSCHE BANK SECURITIES, INC. | $13.9M | 2.36% |
| RBC CAPITAL MARKETS, LLC | $12.8M | 2.17% |
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.