C000228471 Fees and Costs — Pioneer Securitized Income Fund, : Class A Shares
Data updated: 2025-03-25
The net expense ratio is 0.90%: a 0.55% management fee, a 0.25% 12b-1 fee plus 0.65% other expenses, less a 0.55% fee waiver. This share class carries a maximum front-end sales load of 4.50%. In fiscal 2024 the fund paid $2K in broker commissions, 0.0051% of average net assets, and portfolio turnover was 30%.
C000228471 Fees and Expenses
Annual operating expenses and sales charges of C000228471. Prospectus, as of November 30, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.65% |
| Gross expense ratio | 1.45% |
| Fee waiver | −0.55% |
| 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 |
C000228471 Costs Over Time
On $10,000 invested in C000228471, assuming 5% a year before costs, total costs come to $1,116 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 |
| Trading costs (broker commissions) | $1 | $2 | $3 |
| Lost growth on money paid in costs | $22 | $85 | $174 |
| Total costs | $563 | $818 | $1,116 |
| Value after costs | $9,937 | $10,758 | $11,647 |
| Impact on return, per year | 5.63% | 2.54% | 1.90% |
C000228471 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending July 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): 0.0051%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $254.6M
- Portfolio turnover (prospectus): 30%
- Securities lending: none during the year
C000228471 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $2K | 100.00% |
C000228471 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BMO CAPITAL MARKETS CORP. | $46.5M | 20.53% |
| J.P. Morgan Securities LLC | $30.9M | 13.65% |
| MORGAN STANLEY & CO. LLC | $28.7M | 12.66% |
| NOMURA SECURITIES INTERNATIONAL, INC. | $23.3M | 10.28% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $22.4M | 9.91% |
| GOLDMAN SACHS & CO. LLC | $19.6M | 8.66% |
| WELLS FARGO SECURITIES, LLC | $16.1M | 7.13% |
| BARCLAYS CAPITAL, INC. | $13.7M | 6.05% |
| BNP PARIBAS SECURITIES CORP. | $12.9M | 5.71% |
| Mizuho Securities USA LLC | $12.3M | 5.43% |
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.