C000152821 Fees and Costs — Pioneer Select Mid Cap Growth Fund, : Class K
Data updated: 2025-03-25
The net expense ratio is 0.67%: a 0.60% management fee plus 0.07% other expenses. There are no sales loads or redemption fees. In fiscal 2024 the fund paid $794K in broker commissions, 0.0547% of average net assets, and portfolio turnover was 53%.
C000152821 Fees and Expenses
Annual operating expenses and sales charges of C000152821. Prospectus, as of March 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.60% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.07% |
| Gross expense ratio | 0.67% |
| Fee waiver | — |
| Net expense ratio | 0.67% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
C000152821 Costs Over Time
On $10,000 invested in C000152821, assuming 5% a year before costs, total costs come to $456 over 5 years, cutting the return by 0.76% 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 0.67%) | $70 | $220 | $383 |
| Trading costs (broker commissions) | $6 | $18 | $31 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $76 | $250 | $456 |
| Value after costs | $10,424 | $11,326 | $12,307 |
| Impact on return, per year | 0.76% | 0.76% | 0.76% |
C000152821 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0547%
- Total broker commissions: $794K
- Bought from dealers (principal trades, not a cost): $93.4M
- Portfolio turnover (prospectus): 53%
- Securities lending: none during the year
C000152821 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| INSTINET, LLC | $146K | 24.93% |
| Pershing LLC | $111K | 18.85% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $104K | 17.63% |
| JONESTRADING INSTITUTIONAL SERVICES LLC | $64K | 10.93% |
| NATIONAL FINANCIAL SERVICES LLC | $46K | 7.80% |
| PIPER SANDLER & CO. | $40K | 6.87% |
| GOLDMAN SACHS & CO. LLC | $25K | 4.30% |
| WELLS FARGO SECURITIES, LLC | $18K | 3.08% |
| TD SECURITIES (USA) LLC | $18K | 3.07% |
| LUMINEX TRADING & ANALYTICS LLC | $15K | 2.53% |
C000152821 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $73.3M | 78.40% |
| GOLDMAN SACHS & CO. LLC | $11.2M | 11.95% |
| MORGAN STANLEY & CO. LLC | $9.0M | 9.65% |
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.