FXSAX Fees and Costs — PSI Strategic Growth Fund, Class A
Data updated: 2023-05-26
The net expense ratio is 2.38% (2.84% before fee waivers). This share class carries a maximum front-end sales load of 5.75% and a deferred sales charge of up to 1.00%. In fiscal 2022 the fund paid $238K in broker commissions, 0.9877% of average net assets, and portfolio turnover was 4134%.
FXSAX Fees and Expenses
Annual operating expenses and sales charges of FXSAX. Prospectus, as of October 31, 2022.
| Annual operating expenses | |
|---|---|
| Management fee | 1.00% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.11% |
| Gross expense ratio | 2.84% |
| Fee waiver | −0.46% |
| Net expense ratio | 2.38% |
| Sales charges | |
|---|---|
| Max front load | 5.75% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
FXSAX Costs Over Time
On $10,000 invested in FXSAX, assuming 5% a year before costs, total costs come to $2,627 over 5 years, cutting the return by 4.73% 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 | $671 | $575 | $575 |
| Fund expenses (net expense ratio 2.38%) | $236 | $717 | $1,213 |
| Trading costs (broker commissions) | $98 | $298 | $503 |
| Lost growth on money paid in costs | $29 | $142 | $337 |
| Total costs | $1,033 | $1,731 | $2,627 |
| Value after costs | $9,467 | $9,845 | $10,135 |
| Impact on return, per year | 10.33% | 5.52% | 4.73% |
FXSAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending June 30, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.9877%
- Total broker commissions: $238K
- Bought from dealers (principal trades, not a cost): $137.7M
- Portfolio turnover (prospectus): 4134%
- Securities lending: none during the year
FXSAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Knight Capital Group | $201K | 84.60% |
| JP Morgan Chase | $23K | 9.80% |
| BANK OF AMERICA MERRILL LYNCH | $7K | 2.88% |
| VIRTUS INVESTMENT PARTNERS | $6K | 2.71% |
FXSAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Union Bank | $117.4M | 85.28% |
| US BANCORP | $13.1M | 9.53% |
| Knight Capital Group | $7.2M | 5.20% |
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.