C000049251 Fees and Costs — PF Small-Cap Value Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.90%: a 0.75% management fee plus 0.23% other expenses, less a 0.08% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $40K in broker commissions, 0.0725% of average net assets, and portfolio turnover was 41%.
C000049251 Fees and Expenses
Annual operating expenses and sales charges of C000049251. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | — |
| Other expenses | 0.23% |
| Gross expense ratio | 0.98% |
| Fee waiver | −0.08% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
C000049251 Costs Over Time
On $10,000 invested in C000049251, assuming 5% a year before costs, total costs come to $609 over 5 years, cutting the return by 1.02% 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 0.90%) | $94 | $295 | $512 |
| Trading costs (broker commissions) | $8 | $24 | $41 |
| Lost growth on money paid in costs | $0 | $16 | $56 |
| Total costs | $102 | $334 | $609 |
| Value after costs | $10,398 | $11,242 | $12,154 |
| Impact on return, per year | 1.02% | 1.02% | 1.02% |
C000049251 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2023.
- Explicit cost rate (commissions ÷ average net assets): 0.0725%
- Total broker commissions: $40K
- Bought from dealers (principal trades, not a cost): $1.4M
- Portfolio turnover (prospectus): 41%
- Securities lending: none during the year
C000049251 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $6K | 17.97% |
| J.P. MORGAN SECURITIES LLC | $5K | 14.50% |
| PERSHING LLC | $4K | 13.10% |
| MORGAN STANLEY & CO. LLC | $4K | 11.12% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $3K | 10.88% |
| UBS Securities LLC | $3K | 10.72% |
| BARCLAYS CAPITAL, INC. | $2K | 6.44% |
| CREDIT SUISSE SECURITIES (USA) LLC | $2K | 5.79% |
| TD SECURITIES (USA) LLC | $2K | 5.00% |
| WELLS FARGO SECURITIES, LLC | $1K | 4.48% |
C000049251 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $1.4M | 98.66% |
| Jane Street Execution Services, LLC | $19K | 1.34% |
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.