C000239824 Fees and Costs — Pioneer CAT Bond Fund, : Class K Shares
Data updated: 2025-03-25
The net expense ratio is 1.33%: a 1.20% management fee plus 0.13% other expenses. There are no sales loads or redemption fees. Portfolio turnover was 25%.
C000239824 Fees and Expenses
Annual operating expenses and sales charges of C000239824. Prospectus, as of February 28, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 1.20% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.13% |
| Gross expense ratio | 1.33% |
| Fee waiver | — |
| Net expense ratio | 1.33% |
| 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 |
C000239824 Costs Over Time
On $10,000 invested in C000239824, assuming 5% a year before costs, total costs come to $826 over 5 years, cutting the return by 1.40% 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 1.33%) | $140 | $434 | $750 |
| Lost growth on money paid in costs | $0 | $22 | $76 |
| Total costs | $140 | $456 | $826 |
| Value after costs | $10,360 | $11,120 | $11,936 |
| Impact on return, per year | 1.40% | 1.40% | 1.40% |
C000239824 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2024.
- Explicit cost rate (commissions ÷ average net assets): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $439.4M
- Portfolio turnover (prospectus): 25%
- Securities lending: none during the year
C000239824 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MMC SECURITIES LLC | $83.0M | 19.81% |
| BEECH HILL SECURITIES, INC. | $75.9M | 18.11% |
| AON SECURITIES LLC | $73.0M | 17.42% |
| RBC CAPITAL MARKETS, LLC | $66.9M | 15.96% |
| ARTHUR J. GALLAGHER & CO. | $35.4M | 8.45% |
| TP ICAP GLOBAL MARKETS AMERICAS LLC | $25.1M | 6.00% |
| GALLAGHER SECURITIES, INC | $20.3M | 4.85% |
| EUROCLEAR BANK | $17.9M | 4.27% |
| SWISS REINSURANCE COMPANY LTD | $14.0M | 3.34% |
| Merrill Lynch, Pierce, Fenner & Smith Incorporated | $7.5M | 1.79% |
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.