C000149402 Fees and Costs — PF International Small-Cap Fund, Class P
Data updated: 2023-06-07
The net expense ratio is 1.08%: a 0.85% management fee plus 0.49% other expenses, less a 0.26% fee waiver. There are no sales loads or redemption fees. In fiscal 2023 the fund paid $31K in broker commissions, 0.1160% of average net assets, and portfolio turnover was 130%.
C000149402 Fees and Expenses
Annual operating expenses and sales charges of C000149402. Prospectus, as of March 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 0.85% |
| 12b-1 fee | — |
| Other expenses | 0.49% |
| Gross expense ratio | 1.34% |
| Fee waiver | −0.26% |
| Net expense ratio | 1.08% |
| 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 |
C000149402 Costs Over Time
On $10,000 invested in C000149402, assuming 5% a year before costs, total costs come to $745 over 5 years, cutting the return by 1.26% 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 1.08%) | $113 | $353 | $611 |
| Trading costs (broker commissions) | $12 | $38 | $66 |
| Lost growth on money paid in costs | $0 | $19 | $68 |
| Total costs | $126 | $410 | $745 |
| Value after costs | $10,374 | $11,166 | $12,018 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
C000149402 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): 0.1160%
- Total broker commissions: $31K
- Bought from dealers (principal trades, not a cost): $2.6M
- Portfolio turnover (prospectus): 130%
- Securities lending: none during the year
C000149402 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| GOLDMAN SACHS & CO. LLC | $4K | 15.75% |
| JEFFERIES LLC | $3K | 14.25% |
| CitiGroup Global Markets Inc. | $3K | 13.86% |
| MORGAN STANLEY & CO. LLC | $3K | 11.60% |
| J.P. MORGAN SECURITIES LLC | $3K | 10.88% |
| UBS Securities LLC | $2K | 10.23% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $2K | 8.95% |
| CREDIT SUISSE SECURITIES (USA) LLC | $1K | 5.32% |
| BARCLAYS CAPITAL, INC. | $1K | 4.67% |
| INSTINET, LLC | $1K | 4.49% |
C000149402 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| STATE STREET GLOBAL MARKETS, LLC | $674K | 26.43% |
| Northern Trust Securities, Inc. | $664K | 26.00% |
| BROWN BROTHERS HARRIMAN INVESTMENTS, LLC | $589K | 23.06% |
| BNY MELLON CAPITAL MARKETS, LLC | $294K | 11.52% |
| CitiGroup Global Markets Inc. | $252K | 9.86% |
| J.P. Morgan Securities LLC | $34K | 1.33% |
| Goldman Sachs & Co. LLC | $29K | 1.12% |
| BARCLAYS CAPITAL, INC. | $17K | 0.67% |
| SG AMERICAS SECURITIES, LLC | $4 | 0.00% |
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.