C000114642 Fees and Costs — PF Emerging Markets Debt Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 0.89%: a 0.79% management fee plus 0.34% other expenses, less a 0.24% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $1K in broker commissions, 0.0045% of average net assets, and portfolio turnover was 157%.
C000114642 Fees and Expenses
Annual operating expenses and sales charges of C000114642. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.79% |
| 12b-1 fee | — |
| Other expenses | 0.34% |
| Gross expense ratio | 1.13% |
| Fee waiver | −0.24% |
| Net expense ratio | 0.89% |
| 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 |
C000114642 Costs Over Time
On $10,000 invested in C000114642, assuming 5% a year before costs, total costs come to $561 over 5 years, cutting the return by 0.94% 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 0.89%) | $93 | $292 | $507 |
| Trading costs (broker commissions) | $0 | $1 | $3 |
| Lost growth on money paid in costs | $0 | $15 | $51 |
| Total costs | $94 | $308 | $561 |
| Value after costs | $10,406 | $11,268 | $12,202 |
| Impact on return, per year | 0.94% | 0.94% | 0.94% |
C000114642 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): 0.0045%
- Total broker commissions: $1K
- Bought from dealers (principal trades, not a cost): $81.3M
- Portfolio turnover (prospectus): 157%
- Securities lending: none during the year
C000114642 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $1K | 100.00% |
C000114642 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| HSBC SECURITIES (USA), INC. | $18.2M | 24.00% |
| CitiGroup Global Markets Inc. | $15.1M | 19.89% |
| J.P. Morgan Securities LLC | $10.5M | 13.85% |
| JEFFERIES LLC | $8.6M | 11.30% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $6.3M | 8.29% |
| Goldman Sachs & Co. LLC | $4.5M | 5.95% |
| EUROCLEAR BANK | $4.4M | 5.79% |
| BARCLAYS CAPITAL, INC. | $3.1M | 4.08% |
| BANCO BILBAO VIZCAYA ARGENTARIA SOCIEDAD ANONIMA | $2.6M | 3.44% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $2.6M | 3.40% |
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.