C000173746 Fees and Costs — Pioneer Corporate High Yield Fund, : Class A
Data updated: 2020-11-12
The net expense ratio is 0.90%: a 0.50% management fee, a 0.25% 12b-1 fee plus 1.27% other expenses, less a 1.12% fee waiver. This share class carries a maximum front-end sales load of 4.50%. Portfolio turnover was 60%.
C000173746 Fees and Expenses
Annual operating expenses and sales charges of C000173746. Prospectus, as of December 31, 2019.
| Annual operating expenses | |
|---|---|
| Management fee | 0.50% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.27% |
| Gross expense ratio | 2.02% |
| Fee waiver | −1.12% |
| Net expense ratio | 0.90% |
| Sales charges | |
|---|---|
| Max front load | 4.50% |
| 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 |
C000173746 Costs Over Time
On $10,000 invested in C000173746, assuming 5% a year before costs, total costs come to $1,113 over 5 years, cutting the return by 1.90% 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 |
| Sales charges | $450 | $450 | $450 |
| Fund expenses (net expense ratio 0.90%) | $90 | $282 | $489 |
| Lost growth on money paid in costs | $22 | $85 | $174 |
| Total costs | $563 | $817 | $1,113 |
| Value after costs | $9,937 | $10,760 | $11,650 |
| Impact on return, per year | 5.63% | 2.53% | 1.90% |
C000173746 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending August 31, 2020.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $59.9M
- Portfolio turnover (prospectus): 60%
- Securities lending: none during the year
C000173746 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $12.7M | 24.97% |
| Citigroup Global Markets Inc. | $7.9M | 15.55% |
| Goldman Sachs & Co, LLC | $6.7M | 13.07% |
| HSBC SECURITIES (USA) INC. | $4.6M | 9.11% |
| MERRILL LYNCH, PIERCE, FENNER & SMITH INC. | $4.6M | 9.10% |
| BNY MELLON CAPITAL MARKETS, LLC | $4.3M | 8.48% |
| CREDIT SUISSE SECURITIES (USA) LLC | $3.8M | 7.36% |
| Jefferies LLC | $2.3M | 4.48% |
| MORGAN STANLEY & CO. LLC | $2.1M | 4.04% |
| Wells Fargo Securities LLC | $2.0M | 3.85% |
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.